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4/16/2021 Treasury International Capital Data for February | U.S. Department of the Treasury U.S. DEPARTMENT OF THE TREASURY Treasury International Capital Data for February April 15, 2021 WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for February 2021. The next release, which will report on data for March 2021, is scheduled for May 17, 2021. The sum total in February of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $72.6 billion. Of this, net foreign private inflows were $60.9 billion, and net foreign o icial inflows were $11.8 billion. Foreign residents decreased their holdings of long-term U.S. securities in February; net sales were $7.3 billion. Net sales by private foreign investors were $15.3 billion, while net purchases by foreign o icial institutions were $7.9 billion. U.S. residents decreased their holdings of long-term foreign securities, with net sales of $11.5 billion. Taking into account transactions in both foreign and U.S. securities, net foreign purchases of long-term securities were $4.2 billion. A er including adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, overall net foreign sales of long-term securities are estimated to have been $38.0 billion in February. Foreign residents increased their holdings of U.S. Treasury bills by $20.7 billion. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased by $13.5 billion. Banks’ own net dollar-denominated liabilities to foreign residents increased by $97.1 billion. Complete data are available on the Treasury website at: https://home.treasury.gov/data/treasury-international-capital-tic-system AB OUT TIC DATA The monthly data on holdings of long-term securities, as well as the monthly table on Major Foreign Holders of Treasury Securities, reflect foreign holdings of U.S. securities collected primarily on the basis of custodial data. These data help provide a window into foreign ownership of U.S. securities, but they cannot attribute holdings of U.S. securities with complete accuracy. For example, if a U.S. Treasury security purchased by a foreign resident is held in a custodial account in a third country, the true ownership of the security will not be reflected in the data. The custodial data will also not properly attribute U.S. Treasury securities managed by foreign private portfolio managers who invest on behalf of residents of other countries. In addition, foreign countries may hold dollars and other U.S. assets that are not captured in the TIC data. For these reasons, it is di icult to draw precise conclusions from TIC data about changes in the foreign holdings of U.S. financial assets by individual countries. Press Notice for TIC Data for February TIC MONTHLY REPORTS https://home.treasury.gov/news/press-releases/jy0129 1/5 4/16/2021 Treasury International Capital Data for February | U.S. Department of the Treasury ON CROSS-B ORDER F INANCIAL F LOW S (Billions of dollars, not seasonally adjusted) 12 Months Through 2019 2020 20Feb 21Feb Nov Dec Jan Feb Foreigners' Acquisitions of Long-term Securities 1 Gross Purchases of Domestic U.S. Securities 41214.8 49262.6 42748.1 50991.7 4077.2 4494.1 4616.9 5144.7 2 Gross Sales of Domestic U.S. Securities 41031.9 49119 42508.2 50889.5 3951.3 4396.7 4583.1 5152 3 Domestic Securities Purchased, net (line 1 less line 2) /1 182.9 143.6 240 102.3 125.8 97.4 33.8 -7.3 394.6 74.4 402.8 16.9 112.5 86 3.3 -15.3 5 Treasury Bonds & 197.7 Notes, net -372.9 213.4 -535.8 30.8 -18.4 -50.3 -61 6 Gov't Agency 191.7 Bonds, net 264.2 201.3 276 23.3 39 26.1 18.5 7 Corporate Bonds, 21.5 net -173.1 -50.9 -88.5 -1.8 -12.6 18.5 13.2 8 Equities, -16.3 net 356.2 39.1 365.1 60.2 78 9 14 -162.8 85.4 13.3 11.4 30.5 7.9 -308.2 -21.2 -2.3 1.2 -4.5 4 9 10 Private, net /2 O icial, net /3 -211.8 69.2 Treasury-331.2 Bonds & https://home.treasury.gov/news/press-releases/jy0129 -167.1 -149.4 2/5 4/16/2021 Treasury International Capital Data for February | U.S. Department of the Treasury Notes, net 11 Gov't Agency 108.4 Bonds, net 202.6 125.1 200.9 30.1 12.3 26.1 11.2 12 Corporate Bonds, -5.8 net 21.6 -0.8 22.3 2.7 1.2 0.4 1.3 13 Equities, 16.8 net 12.1 21 11.6 1.7 0.3 2.9 0 14 Gross Purchases of Foreign Securities from U.S. Residents 18625.9 23253.9 18905.8 24251.7 2139.9 1749.4 2012.3 2171.3 15 Gross Sales of Foreign Securities to U.S. Residents 18419.8 22891.7 18721.9 23820.7 2116.5 1725.7 1955.1 2159.8 16 Foreign Securities Purchased, net (line 14 less line 15) /4 206.2 362.2 183.9 431 23.3 23.7 57.2 11.5 17 Foreign Bonds 156 Purchased, net 253.2 150.4 280 13.2 13.4 35 8.6 18 Foreign Equities 50.1 Purchased, net 109 33.5 151 10.1 10.3 22.3 3 505.8 423.8 533.3 19 Net Long-term Securities Transactions (line 3 plus line 16): 389 149.2 121.1 91 4.2 20 Other Acquisitions of Long-term Securities, net /5 -233.5 -432.3 -252.1 -467.2 -41.8 -43.6 -40.7 -42.2 21 Net Foreign Acquisition of Long-term Securities 77.5 50.3 -38 (lines 19 https://home.treasury.gov/news/press-releases/jy0129 155.5 73.6 171.7 66.1 107.4 3/5 4/16/2021 Treasury International Capital Data for February | U.S. Department of the Treasury and 20): 22 Increase in Foreign Holdings of Dollardenominated Short-term U.S. Securities and Other 57.7 Custody Liabilities: /6 U.S. Treasury Bills 23 313.4 115.1 295 -15.1 2.2 1.5 13.5 -30.6 311.3 -3.4 298.3 13 3.2 -12.2 20.7 24 Private, net 16 218.9 9.6 198.2 17.6 13.1 -29.3 -7.5 25 O icial, net -46.6 92.4 -13 100.2 -4.6 -9.8 17.1 28.2 2.1 118.5 -3.3 -28 -1 13.7 -7.2 Other Negotiable Instruments 26 and Selected Other 88.3 Liabilities: /7 27 Private, net 90.3 -3.5 107.8 3.4 -27 -1.3 16 -10.9 28 O icial, net -2 5.6 10.7 -6.7 -1.1 0.3 -2.3 3.7 -153.8 162.8 60.6 245.4 21.5 -72.1 54.1 97.1 59.4 549.7 347.4 606.5 113.8 7.6 105.8 72.6 29 30 Change in Banks' Own Net Dollar-denominated Liabilities Monthly Net TIC Flows (lines 21,22,29) /8 of which 31 Private, net 423.4 669.5 652.1 683.3 131.3 32.7 44.6 60.9 32 O icial, net -364 -119.8 -304.7 -76.8 -17.6 -25.1 61.2 11.8 /1 Net foreign purchases of U.S. securities (+) /2 Includes international and regional organizations https://home.treasury.gov/news/press-releases/jy0129 4/5 4/16/2021 /3 Treasury International Capital Data for February | U.S. Department of the Treasury The reported division of net purchases of long-term securities between net purchases by foreign o icial institutions and net purchases of other foreign investors is subject to a "transaction bias" described in Frequently Asked Questions 7 and 10.a.4 on the TIC website. /4 Net transactions in foreign securities by U.S. residents. Foreign purchases of foreign securities = U.S. sales of foreign securities to foreigners. Thus negative entries indicate net U.S. purchases of foreign securities, or an outflow of capital from the United States; positive entries indicate net U.S. sales of foreign securities. /5 Minus estimated unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities + estimated foreign acquisitions of U.S. equity through stock swaps estimated U.S. acquisitions of foreign equity through stock swaps + increase in nonmarketable Treasury Bonds and Notes Issued to O icial Institutions and Other Residents of Foreign Countries. /6 These are primarily data on monthly changes in banks' and broker/dealers' custody liabilities. Data on custody claims are collected quarterly and published in the TIC website. /7 "Selected Other Liabilities" are primarily the foreign liabilities of U.S. customers that are managed by U.S. banks or broker/dealers. /8 TIC data cover most components of international financial flows, but do not include data on direct investment flows, which are collected and published by the Department of Commerce's Bureau of Economic Analysis. In addition to the monthly data summarized here, the TIC collects quarterly data on some banking and nonbanking assets and liabilities. Frequently Asked Question 1 on the TIC website describes the scope of TIC data collection. https://home.treasury.gov/news/press-releases/jy0129 5/5
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