The U.S. Department of the Treasury has released its Treasury International Capital (TIC) data for December 2024, revealing a net TIC inflow of $87.1 billion. This figure includes net foreign private inflows of $162.5 billion and net foreign official outflows of $75.3 billion.
Foreign residents increased their holdings of long-term U.S. securities by a net purchase amount of $79.6 billion in December. Private foreign investors contributed to this with net purchases totaling $130.5 billion, while foreign official institutions saw net sales amounting to $50.9 billion.
In contrast, U.S. residents increased their holdings of long-term foreign securities with net purchases totaling $7.6 billion during the same period.
When adjustments such as estimated foreign portfolio acquisitions through stock swaps are included, overall net foreign purchases of long-term securities are estimated at $72.0 billion for December.
Additionally, foreign residents increased their holdings of U.S. Treasury bills by $16.8 billion, and all dollar-denominated short-term U.S. securities and other custody liabilities saw an increase of $22.0 billion.
The report also noted that banks' own net dollar-denominated liabilities to foreign residents decreased by $6.8 billion.
Complete data can be accessed on the Treasury website at: https://home.treasury.gov/data/treasury-international-capital-tic-system
According to the release, "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." However, it was noted that these figures cannot attribute holdings with complete accuracy due to various factors such as custodial accounts held in third countries or management by foreign private portfolio managers.
The next TIC data release is scheduled for March 19, 2025, which will cover January 2025 figures.
