The U.S. Department of the Treasury released the Treasury International Capital (TIC) data for July 2024. The next release, covering August 2024, is scheduled for October 17, 2024.
In July, the total net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows amounted to a net TIC inflow of $156.5 billion. Net foreign private inflows were $141.8 billion, while net foreign official inflows stood at $14.7 billion.
Foreign residents increased their holdings of long-term U.S. securities by $134.7 billion in net purchases; private foreign investors contributed $162.0 billion in net purchases, while foreign official institutions saw sales amounting to $27.3 billion.
U.S. residents decreased their holdings of long-term foreign securities with net sales totaling $0.6 billion.
Including adjustments such as estimated foreign portfolio acquisitions of U.S. stocks through stock swaps, overall net foreign purchases of long-term securities are estimated at $135.4 billion for July.
Foreign residents also increased their holdings of U.S. Treasury bills by $16.2 billion and all dollar-denominated short-term U.S. securities and other custody liabilities by $14.3 billion.
Banks' own net dollar-denominated liabilities to foreign residents rose by $6.8 billion.
Complete data are available on the Treasury website at:
https://home.treasury.gov/data/treasury-international-capital-tic-system
About TIC Data
The monthly data on holdings of long-term securities and the monthly table on Major Foreign Holders of Treasury Securities reflect foreign holdings collected primarily based on custodial data but cannot attribute holdings with complete accuracy due to factors like third-country custodial accounts or management by foreign private portfolio managers investing on behalf of others.
Press Notice TIC for September 2024
TIC Monthly Reports on Cross-Border Financial Flows
(Billions of dollars, not seasonally adjusted)
12 Months Through
| Year | Gross U.S Sales | Gross U.S Purchases | Domestic Securities Net Sales |
|------|-----------------|---------------------|-------------------------------|
| 2022 | 61438.4 | 60443.7 | 994.7 |
| 2023 | 51889 | 50830 | 1058 |
| Jul-23|53071 |51738 |1332 |
| Jul-24|57290 |56208 |1081 |
Other notable figures include:
- Private sector's net purchase: $162 billion.
- Official sector's net sale: -$27 billion.
- Increase in Foreign Holdings: Short-Term Securities: +$14 Billion.
- Change in Banks' Own Liabilities: +$6 Billion.
These figures provide insights into cross-border financial flows but have limitations due to incomplete attribution and unrecorded transactions as noted above.
