The U.S. Department of the Treasury released Treasury International Capital (TIC) data for January on Mar. 18, reporting a net TIC outflow of $25.0 billion for the month. The next release, covering February data, is scheduled for April 15.
The TIC data provide insight into cross-border financial flows and foreign ownership of U.S. securities, which are important indicators of global investment trends and economic stability.
According to the Treasury, net foreign private outflows totaled $76.1 billion in January, while net foreign official inflows were $51.1 billion. Foreign residents increased their holdings of long-term U.S. securities by $63.5 billion, with private investors accounting for $42.0 billion and official institutions for $21.4 billion in net purchases.
U.S. residents also increased their holdings of long-term foreign securities with net purchases amounting to $47.9 billion during the same period. After adjustments such as estimated foreign portfolio acquisitions through stock swaps, overall net foreign purchases of long-term securities were estimated at $15.5 billion in January.
Foreign residents reduced their holdings of U.S. Treasury bills by $10.2 billion but increased their holdings of all dollar-denominated short-term U.S. securities and other custody liabilities by $17.8 billion overall. Banks’ own net dollar-denominated liabilities to foreign residents decreased by $58.3 billion.
The Treasury notes that while TIC data offer a window into foreign ownership of U.S. securities, they cannot attribute holdings with complete accuracy due to factors such as custodial accounts in third countries or assets managed on behalf of others not being fully captured in the statistics.
Complete TIC data are available on the Treasury website.
