Business Services Industry

U.S. international transactions in 2007

Survey of Current Business, April, 2008

Table 6. Direct Investment: Income, Capital, Royalties and License
Fees, and Other Private Services

[Millions of dollars]

Line           (Credits  ; debits -)              2006      2007 (p)

       U.S. direct investment abroad:

   1   Income (table 1, line 14)                  310,224     352,636
   2     Earnings                                 304,476     344,810
   3       Distributed earnings                    84,382      90,500
   4       Reinvested earnings                    220,093     254,310
   5         Reinvested earnings without
               current-cost adjustment            201,349     235,641
   6         Current-cost adjustment               18,744      18,669
   7     Interest                                   5,748       7,826
   8       U.S. parents' receipts                   9,908      11,951
   9       U.S. parents' payments                  -4,159      -4,125

  10   Income without current-cost adjustment     291,480     333,967
  11       Manufacturing                           59,243      69,409
  12       Wholesale trade                         29,271      30,540
  13       Finance (including depository
             institutions) and insurance           31,791      36,284
  14       Holding companies, except bank
             holding companies                    100,387     122,193
  15       Other                                   70,788      75,541
  16     Earnings without current-cost
             adjustment (line 2 less line 6)      285,732     326,141
  17       Manufacturing                           57,640      67,791
  18       Wholesale trade                         28,802      30,141
  19       Finance (including depository
             institutions) and insurance           32,285      36,287
  20       Holding companies, except bank
             holding companies                     99,309     119,967
  21       Other                                   67,696      71,955
  22     Interest                                   5,748       7,826
  23       Manufacturing                            1,603       1,618
  24       Wholesale trade                            469         399
  25       Finance (including depository
             institutions) and insurance (1)         -493          -3
  26       Holding companies, except bank
             holding companies                      1,078      22,261
  27       Other                                    3,092       3,586

  28   Capital (table 1, line 51)                -235,358    -335,415
  29     Equity capital                           -30,247     -93,900
  30       Increases in equity capital            -76,234    -154,872
  31       Decreases in equity capital             45,987      60,972
  32     Reinvested earnings (line 4 with
           sign reversed)                        -220,093    -254,310
  33     Intercompany debt                         14,983      12,794
  34       U.S. parents' receivables               -6,368      -9,910
  35       U.S. parents' payables                  21,351      22,704
  36   Capital without current-cost adjustment   -216,614    -316,746
  37       Manufacturing                          -60,022     -64,963
  38       Wholesale trade                        -22,703     -19,036
  39       Finance (including depository
             institutions) and insurance          -20,633      37,981
  40       Holding companies, except bank
             holding companies                    -73,929    -124,885
  41       Other                                  -39,328     -59,882
  42     Equity capital                           -30,247     -93,900
  43       Manufacturing                          -15,354     -12,457
  44       Wholesale trade                         -1,141      -2,639
  45       Finance (including depository
             institutions) and insurance           -8,675     -32,291
  46       Holding companies, except bank
             holding companies                    -10,054     -36,789
  47       Other                                    4,977      -9,724
  48     Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)         -201,349    -235,641
  49       Manufacturing                          -44,841     -54,924
  50       Wholesale trade                        -23,104     -23,248
  51       Finance (including depository
             institutions) and insurance          -19,149     -18,562
  52       Holding companies, except bank
             holding companies                    -72,194     -87,641
  53       Other                                  -42,061      51,267
  54     Intercompany debt                         14,983      12,794
  55       Manufacturing                              174       2,418
  56       Wholesale sale                           1,542       6,851
  57       Finance (including depository,
             institutions) and insurance (2)        7,191       2,872
  58       Holding companies, except bank
             holding companies                      8,320        -456
  59       Other                                   -2,244       1,109

  60   Royalties and license fees, net             37,079      38,855
  61     U.S. parents' receipts (table 1,
           part of line 9)                         39,340      41,323
  62     U.S. parents' payments (table 1,
           part of line 26)                        -2,260      -2,468

  63   Other private services, net                 65,241       7,269
  64     U.S. parents' receipts (table 1,
           part of line 10)                       325,511      36,644
  65     U.S. parents' payments (table 1,
           part of line 27)                       -26,026     -29,375

       Foreign direct investment in the
         United States:

  66   Income (table 1, line 31)                 -136,010    -129,034
  67     Earnings                                -117,237    -106,159
  68       Distributed earnings                   -46,618     -42,056
  69       Reinvested earnings                    -70,620     -64,103
  70         Reinvested earnings without
               current-cost adjustment            -65,434     -58,987
  71         Current-cost adjustment               -5,186      -5,116
  72   Interest                                   -18,773     -22,875
  73     U.S. affiliates' payments                -23,185     -29,179
  74     U.S. affiliates' receipts                  4,412       6,304
  75   Income without current-cost adjustment    -130,824    -123,918
  76       Manufacturing                          -54,319     -62,690
  77       Wholesale trade                        -28,218     -22,811
  78       Finance (including depository
             institutions) and insurance          -18,601      -6,542
  79       Other                                  -29,686     -31,875
  80     Earnings without current-cost
             adjustment (line 67 less
             line 71)                            -112,051    -101,043
  81       Manufacturing                          -45,311     -51,017
  82       Wholesale trade                        -27,246     -21,721
  83       Finance (including depository
             institutions) and insurance          -17,196      -5,063
  84       Other                                  -22,299     -23,241
  85     Interest                                 -18,773     -22,875
  86       Manufacturing                           -9,009     -11,673
  87       Wholesale trade                           -972      -1,090
  88       Finance (including depository
             institutions) and insurance (1)       -1,405      -1,479
  89       Other                                   -7,388      -8,634

  90   Capital (table 1, line 64)                 180,580     204,414
  91     Equity capital                            97,980     142,146
  92       Increases in equity capital            126,225     186,336
  93       Decreases in equity capital            -28,245     -44,190
  94     Reinvested earnings (line 69 with
           sign reversed)                          70,620      64,103
  95     Intercompany debt                         11,980      -1,835
  96       U.S. affiliates' payables               21,071      64,198
  97       U.S. affiliates' receivables            -9,091     -66,033

  98   Capital without current-cost adjustment    175,394     199,298
  99       Manufacturing                           65,804      91,599
 100       Wholesale trade                         21,011      30,303
 101       Finance (including depository
             institutions) and insurance           46,367       5,213
 102       Other                                   42,212      72,183
 103     Equity capital                            97,980     142,146
 104       Manufacturing                           45,264      63,911
 105       Wholesale trade                          7,228       7,605
 106       Finance (including depository
             institutions) and insurance           28,988      21,103
 107       Other                                   16,500      49,527
 108     Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          65,434      58,987
 109       Manufacturing                           24,992      28,236
 110       Wholesale trade                         13,239      20,086
 111       Finance (including depository
             institutions) and insurance            9,479      -2,412
 112       Other                                   17,724      13,078
 113     Intercompany debt                         11,980      -1,835
 114       Manufacturing                           -4,452        -547
 115       Wholesale trade                            544       2,612
 116       Finance (including depository
             institutions) and insurance (2)        7,900     -13,477
 117       Other                                    7,988       9,577

 118   Royalties and license fees, net            -13,566     -15,017
 119     U.S. affiliates' payments
           (table 1, part of line 26)             -18,703     -20,415
 120     U.S. affiliates' receipts
           (table 1, part of line 9)                5,137       5,399

 121   Other private services, net                  2,913       3,214
 122     U.S. affiliates' payments
           (table 1, part of line 27)             -22,175     -23,936
 123     U.S. affiliates' receipts
           (table 1, part of line 10)              25,088      27,150

                                                    Not seasonally
                                                       adjusted

                                                         2006

Line           (Credits  ; debits -)                I          II

       U.S. direct investment abroad:

   1   Income (table 1, line 14)                   72,512      79,156
   2     Earnings                                  71,124      77,631
   3       Distributed earnings                    15,572      25,756
   4       Reinvested earnings                     55,553      51,876
   5         Reinvested earnings without
               current-cost adjustment             50,786      47,179
   6         Current-cost adjustment                4,767       4,697
   7     Interest                                   1,387       1,525
   8       U.S. parents' receipts                   2,305       2,487
   9       U.S. parents' payments                    -918        -963

  10   Income without current-cost adjustment      67,745      74,459
  11       Manufacturing                           13,100      15,533
  12       Wholesale trade                          6,319       7,995
  13       Finance (including depository
             institutions) and insurance            8,206       7,927
  14       Holding companies, except bank
             holding companies                     24,025      24,615
  15       Other                                   16,094      18,388
  16     Earnings without current-cost
             adjustment (line 2 less line 6)       66,357      72,934
  17       Manufacturing                           12,740      15,121
  18       Wholesale trade                          6,205       7,857
  19       Finance (including depository
             institutions) and insurance            8,287       8,022
  20       Holding companies, except bank
             holding companies                     23,732      24,310
  21       Other                                   15,393      17,624
  22     Interest                                   1,387       1,525
  23       Manufacturing                              360         412
  24       Wholesale trade                            114         138
  25       Finance (including depository
             institutions) and insurance (1)          -81         -95
  26       Holding companies, except bank
             holding companies                        293         306
  27       Other                                      701         764

  28   Capital (table 1, line 51)                 -72,911     -53,386
  29     Equity capital                           -12,589      -2,916
  30       Increases in equity capital            -17,337     -12,462
  31       Decreases in equity capital              4,748       9,546
  32     Reinvested earnings (line 4 with
           sign reversed)                         -55,553     -51,876
  33     Intercompany debt                         -4,769       1,405
  34       U.S. parents' receivables               -9,870      -7,601
  35       U.S. parents' payables                   5,101       9,006
  36   Capital without current-cost adjustment    -68,144     -48,689
  37       Manufacturing                           -8,834     -11,633
  38       Wholesale trade                         -7,786      -3,003
  39       Finance (including depository
             institutions) and insurance          -10,207     -14,146
  40       Holding companies, except bank
             holding companies                    -27,996     -14,793
  41       Other                                  -13,320      -5,115
  42     Equity capital                           -12,589      -2,916
  43       Manufacturing                             -255          19
  44       Wholesale trade                             90        -263
  45       Finance (including depository
             institutions) and insurance           -4,947      -5,134
  46       Holding companies, except bank
             holding companies                     -6,768         274
  47       Other                                     -708       2,188
  48     Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)          -50,786     -47,179
  49       Manufacturing                           -9,191     -12,560
  50       Wholesale trade                         -5,296      -6,576
  51       Finance (including depository
             institutions) and insurance           -5,161      -3,897
  52       Holding companies, except bank
             holding companies                    -20,018     -17,117
  53       Other                                  -11,119      -7,029
  54     Intercompany debt                          3,769       1,405
  55       Manufacturing                              612         908
  56       Wholesale sale                           2,580       3,837
  57       Finance (including depository,
             institutions) and insurance (2)          -99       5,114
  58       Holding companies, except bank
             holding companies                     -1,210       2,050
  59       Other                                   -1,492        -275

  60   Royalties and license fees, net              8,593       9,256
  61     U.S. parents' receipts (table 1,
           part of line 9)                          9,156       9,807
  62     U.S. parents' payments (table 1,
           part of line 26)                          -563        -552

  63   Other private services, net                  1,582       1,283
  64     U.S. parents' receipts (table 1,
           part of line 10)                         7,521       7,878
  65     U.S. parents' payments (table 1,
           part of line 27)                        -5,938      -6,594

       Foreign direct investment in the
         United States:

  66   Income (table 1, line 31)                  -31,021     -34,113
  67     Earnings                                 -27,105     -29,944
  68       Distributed earnings                    -4,905      -5,911
  69       Reinvested earnings                    -22,200     -24,033
  70         Reinvested earnings without
               current-cost adjustment            -20,736     -22,716
  71         Current-cost adjustment               -1,464      -1,317
  72   Interest                                    -3,917      -4,169
  73     U.S. affiliates' payments                 -4,895      -5,312
  74     U.S. affiliates' receipts                    978       1,144
  75   Income without current-cost adjustment     -29,557     -32,796
  76       Manufacturing                          -11,309     -12,980
  77       Wholesale trade                         -7,088      -6,918
  78       Finance (including depository
             institutions) and insurance           -4,124      -5,940
  79       Other                                   -7,037      -6,956
  80     Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -25,641     -28,627
  81       Manufacturing                           -9,427     -11,207
  82       Wholesale trade                         -6,830      -6,671
  83       Finance (including depository
             institutions) and insurance           -3,901      -5,556
  84       Other                                   -5,483      -5,193
  85     Interest                                  -3,917      -4,169
  86       Manufacturing                           -1,882      -1,772
  87       Wholesale trade                           -258        -247
  88       Finance (including depository
             institutions) and insurance (1)         -223        -385
  89       Other                                   -1,554      -1,765

  90   Capital (table 1, line 64)                  42,913      50,438
  91     Equity capital                            26,715      21,170
  92       Increases in equity capital             36,976      25,973
  93       Decreases in equity capital            -10,261      -4,803
  94     Reinvested earnings (line 69 with
           sign reversed)                          22,200      24,033
  95     Intercompany debt                         -6,002       5,235
  96       U.S. affiliates' payables                4,974      21,784
  97       U.S. affiliates' receivables           -10,975     -16,549

  98   Capital without current-cost adjustment     41,449      49,121
  99       Manufacturing                           15,710      15,552
 100       Wholesale trade                         11,141       6,540
 101       Finance (including depository
             institutions) and insurance           15,535      10,043
 102       Other                                     -937      16,987
 103     Equity capital                            26,715      21,170
 104       Manufacturing                           11,392       9,591
 105       Wholesale trade                          6,433       1,303
 106       Finance (including depository
             institutions) and insurance            7,663       5,678
 107       Other                                    1,227       4,597
 108     Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          20,736      22,716
 109       Manufacturing                            6,609       9,213
 110       Wholesale trade                          6,642       6,228
 111       Finance (including depository
             institutions) and insurance            2,860       2,801
 112       Other                                    4,625       4,474
 113     Intercompany debt                         -6,002       5,235
 114       Manufacturing                           -2,291      -3,252
 115       Wholesale trade                         -1,934        -992
 116       Finance (including depository
             institutions) and insurance (2)        5,012       1,563
 117       Other                                   -6,788       7,916

 118   Royalties and license fees, net             -3,123      -3,006
 119     U.S. affiliates' payments
           (table 1, part of line 26)              -4,134      -4,262
 120     U.S. affiliates' receipts
           (table 1, part of line 9)                1,012       1,256

 121   Other private services, net                     23         947
 122     U.S. affiliates' payments
           (table 1, part of line 27)              -5,612      -5,240
 123     U.S. affiliates' receipts
           (table 1, part of line 10)               5,635       6,187

                                                    Not seasonally
                                                       adjusted

                                                         2006

Line           (Credits  ; debits -)               III         IV

       U.S. direct investment abroad:

   1   Income (table 1, line 14)                   77,783      80,774
   2     Earnings                                  76,294      79,426
   3       Distributed earnings                    14,299      28,756
   4       Reinvested earnings                     61,995      50,670
   5         Reinvested earnings without
               current-cost adjustment             57,344      46,041
   6         Current-cost adjustment                4,651       4,629
   7     Interest                                   1,489       1,348
   8       U.S. parents' receipts                   2,498       2,617
   9       U.S. parents' payments                  -1,010      -1,269

  10   Income without current-cost adjustment      73,132      76,145
  11       Manufacturing                           15,341      15,269
  12       Wholesale trade                          6,609       8,347
  13       Finance (including depository
             institutions) and insurance            8,166       7,492
  14       Holding companies, except bank
             holding companies                     25,235      26,511
  15       Other                                   17,780      18,526
  16     Earnings without current-cost
             adjustment (line 2 less line 6)       71,643      74,797
  17       Manufacturing                           14,903      14,876
  18       Wholesale trade                          6,503       8,237
  19       Finance (including depository
             institutions) and insurance            8,275       7,700
  20       Holding companies, except bank
             holding companies                     24,969      26,297
  21       Other                                   16,992      17,687
  22     Interest                                   1,489       1,348
  23       Manufacturing                              437         393
  24       Wholesale trade                            106         111
  25       Finance (including depository
             institutions) and insurance (1)         -108        -209
  26       Holding companies, except bank
             holding companies                        265         214
  27       Other                                      788         839

  28   Capital (table 1, line 51)                 -52,540     -56,521
  29     Equity capital                            -4,662     -10,081
  30       Increases in equity capital            -15,082     -31,353
  31       Decreases in equity capital             10,421      21,272
  32     Reinvested earnings (line 4 with
           sign reversed)                         -61,995     -50,670
  33     Intercompany debt                         14,116       4,230
  34       U.S. parents' receivables                8,704       2,399
  35       U.S. parents' payables                   5,412       1,832
  36   Capital without current-cost adjustment    -47,889     -51,892
  37       Manufacturing                          -13,984     -25,571
  38       Wholesale trade                         -4,633      -7,281
  39       Finance (including depository
             institutions) and insurance            1,876       1,845
  40       Holding companies, except bank
             holding companies                    -17,362     -13,778
  41       Other                                  -13,787      -7,106
  42     Equity capital                            -4,662     -10,081
  43       Manufacturing                           -3,058     -12,060
  44       Wholesale trade                             57      -1,025
  45       Finance (including depository
             institutions) and insurance              429         978
  46       Holding companies, except bank
             holding companies                     -2,090      -1,471
  47       Other                                        0       3,497
  48     Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)          -57,344     -46,041
  49       Manufacturing                          -11,893     -11,197
  50       Wholesale trade                         -5,552      -5,679
  51       Finance (including depository
             institutions) and insurance           -6,013       3,078
  52       Holding companies, except bank
             holding companies                    -20,094     -14,965
  53       Other                                  -13,791     -10,122
  54     Intercompany debt                         14,116       4,230
  55       Manufacturing                              967      -2,313
  56       Wholesale sale                             862         577
  57       Finance (including depository,
             institutions) and insurance (2)        7,460       4,945
  58       Holding companies, except bank
             holding companies                      4,822       2,658
  59       Other                                        4        -482

  60   Royalties and license fees, net              9,211      10,019
  61     U.S. parents' receipts (table 1,
           part of line 9)                          9,764      10,613
  62     U.S. parents' payments (table 1,
           part of line 26)                          -553        -593

  63   Other private services, net                  1,464       2,195
  64     U.S. parents' receipts (table 1,
           part of line 10)                         7,791       9,361
  65     U.S. parents' payments (table 1,
           part of line 27)                        -6,327      -7,167

       Foreign direct investment in the
         United States:

  66   Income (table 1, line 31)                  -38,318     -32,558
  67     Earnings                                 -33,046     -27,142
  68       Distributed earnings                    -9,272     -26,529
  69       Reinvested earnings                    -23,774        -612
  70         Reinvested earnings without
               current-cost adjustment            -22,551         570
  71         Current-cost adjustment               -1,223      -1,182
  72   Interest                                    -5,272      -5,416
  73     U.S. affiliates' payments                 -6,491      -6,487
  74     U.S. affiliates' receipts                  1,220       1,071
  75   Income without current-cost adjustment     -37,095     -31,376
  76       Manufacturing                          -14,658     -15,373
  77       Wholesale trade                         -7,899      -6,312
  78       Finance (including depository
             institutions) and insurance           -6,277      -2,259
  79       Other                                   -8,260      -7,432
  80     Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -31,823     -25,960
  81       Manufacturing                          -12,032     -12,645
  82       Wholesale trade                         -7,645      -6,100
  83       Finance (including depository
             institutions) and insurance           -5,908      -1,832
  84       Other                                   -6,239      -5,384
  85     Interest                                  -5,272      -5,416
  86       Manufacturing                           -2,626      -2,728
  87       Wholesale trade                           -255        -213
  88       Finance (including depository
             institutions) and insurance (1)         -369         428
  89       Other                                   -2,021      -2,048

  90   Capital (table 1, line 64)                  45,089      42,139
  91     Equity capital                            13,539      36,556
  92       Increases in equity capital             22,592      40,684
  93       Decreases in equity capital             -9,054      -4,128
  94     Reinvested earnings (line 69 with
           sign reversed)                          23,774         612
  95     Intercompany debt                          7,776       4,971
  96       U.S. affiliates' payables               10,661     -16,347
  97       U.S. affiliates' receivables            -2,885      21,318

  98   Capital without current-cost adjustment     43,866      40,957
  99       Manufacturing                           24,890       9,652
 100       Wholesale trade                           -426       3,756
 101       Finance (including depository
             institutions) and insurance            9,789      11,000
 102       Other                                    9,613      16,549
 103     Equity capital                            13,539      36,556
 104       Manufacturing                            3,777      20,503
 105       Wholesale trade                         -3,254       2,745
 106       Finance (including depository
             institutions) and insurance            4,670      10,977
 107       Other                                    8,346       2,331
 108     Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          22,551        -570
 109       Manufacturing                           10,194      -1,023
 110       Wholesale trade                          3,274      -2,905
 111       Finance (including depository
             institutions) and insurance            4,169        -352
 112       Other                                    4,915       3,710
 113     Intercompany debt                          7,776       4,971
 114       Manufacturing                           10,919      -9,828
 115       Wholesale trade                           -446       3,916
 116       Finance (including depository
             institutions) and insurance (2)          950         375
 117       Other                                   -3,647      10,508

 118   Royalties and license fees, net             -2,953      -4,484
 119     U.S. affiliates' payments
           (table 1, part of line 26)              -4,258      -6,049
 120     U.S. affiliates' receipts
           (table 1, part of line 9)                1,305       1,565

 121   Other private services, net                    592       1,350
 122     U.S. affiliates' payments
           (table 1, part of line 27)              -5,276      -6,046
 123     U.S. affiliates' receipts
           (table 1, part of line 10)               5,869       7,397

                                                    Not seasonally
                                                       adjusted

                                                         2007

Line           (Credits  ; debits -)                I          II

       U.S. direct investment abroad:

1      Income (table 1, line 14)                   78,479      88,798
2        Earnings                                  76,670      86,924
3          Distributed earnings                    14,832      23,002
4          Reinvested earnings                     61,838      63,922
5            Reinvested earnings without
               current-cost adjustment             57,167      59,254
6            Current-cost adjustment                4,671       4,668
7        Interest                                   1,810       1,874
8          U.S. parents' receipts                   2,825       2,951
9          U.S. parents' payments                  -1,015      -1,077

10     Income without current-cost adjustment      73,808      84,130
11         Manufacturing                           15,683      18,036
12         Wholesale trade                          6,988       7,706
13         Finance (including depository
             institutions) and insurance            7,801       9,279
14         Holding companies, except bank
             holding companies                     26,389      29,411
15         Other                                   16,947     119,358
16       Earnings without current-cost
             adjustment (line 2 less line 6)       71,999      82,256
17         Manufacturing                           15,271      17,659
18         Wholesale trade                          6,902       7,900
19         Finance (including depository
             institutions) and insurance            7,820       9,286
20         Holding companies, except bank
             holding companies                     25,895      28,926
21         Other                                   16,112      18,485
22       Interest                                   1,810       1,874
23         Manufacturing                              412         440
24         Wholesale trade                             87          83
25         Finance (including depository
             institutions) and insurance (1)          -19          -6
26         Holding companies, except bank
             holding companies                        494         485
27         Other                                      835         872

28     Capital (table 1, line 51)                  87,628     -79,423
29       Equity capital                           -19,059     -25,927
30         Increases in equity capital            -26,575     -41,793
31         Decreases in equity capital              7,515      15,866
32       Reinvested earnings (line 4 with
           sign reversed)                         -61,838     -63,922
33       Intercompany debt                         -6,730      10,426
34         U.S. parents' receivables               -7,651         299
35         U.S. parents' payables                     920      10,127
36     Capital without current-cost adjustment    -82,957     -74,755
37         Manufacturing                          -15,922     -14,799
38         Wholesale trade                         -5,935      -3,219
39         Finance (including depository
             institutions) and insurance          -13,694     -15,051
40         Holding companies, except bank
             holding companies                    -29,766     -32,815
41         Other                                  -17,641      -8,870
42       Equity capital                           -19,059     -25,927
43         Manufacturing                           -6,443        -837
44         Wholesale trade                            -89        -416
45         Finance (including depository
             institutions) and insurance           -5,465     -14,082
46         Holding companies, except bank
             holding companies                     -2,129     -16,122
47         Other                                   -4,934       5,531
48       Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)          -57,167     -59,254
49         Manufacturing                          -12,900     -15,107
50         Wholesale trade                         -6,139      -6,721
51         Finance (including depository
             institutions) and insurance           -3,372      -4,440
52         Holding companies, except bank
             holding companies                    -22,107     -20,725
53         Other                                  -12,650     -12,262
54       Intercompany debt                         -6,730      10,426
55         Manufacturing                            3,421       1,145
56         Wholesale sale                             293       3,917
57         Finance (including depository,
             institutions) and insurance (2)       -4,857       3,471
58         Holding companies, except bank
             holding companies                     -5,530       4,032
59         Other                                      -57      -2,139

60     Royalties and license fees, net              9,004       9,698
61       U.S. parents' receipts (table 1,
           part of line 9)                          9,618      10,300
62       U.S. parents' payments (table 1,
           part of line 26)                          -615        -602

63     Other private services, net                  1,967       1,333
64       U.S. parents' receipts (table 1,
           part of line 10)                         8,651       8,819
65       U.S. parents' payments (table 1,
           part of line 27)                        -6,684      -7,486

       Foreign direct investment in the
         United States:

66     Income (table 1, line 31)                  -31,408     -37,808
67       Earnings                                 -26,445     -32,383
68         Distributed earnings                    -6,930     -12,022
69         Reinvested earnings                    -19,516     -20,361
70           Reinvested earnings without
               current-cost adjustment            -18,233     -19,081
71           Current-cost adjustment               -1,283      -1,280
72     Interest                                    -4,963      -5,425
73       U.S. affiliates' payments                 -5,991      -7,112
74       U.S. affiliates' receipts                  1,028       1,687
75     Income without current-cost adjustment     -30,125     -36,528
76         Manufacturing                          -13,322     -15,855
77         Wholesale trade                         -5,491      -7,846
78         Finance (including depository
             institutions) and insurance           -3,960      -4,151
79         Other                                   -7,352      -8,677
80       Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -25,162     -31,103
81         Manufacturing                          -10,506     -13,002
82         Wholesale trade                         -5,278      -7,560
83         Finance (including depository
             institutions) and insurance           -3,684      -3,948
84         Other                                   -5,694      -6,593
85       Interest                                  -4,963      -5,425
86         Manufacturing                           -2,816      -2,853
87         Wholesale trade                           -213        -285
88         Finance (including depository
             institutions) and insurance (1)         -276        -203
89         Other                                   -1,658      -2,084

90     Capital (table 1, line 64)                  12,748      52,011
91       Equity capital                            15,142      37,525
92         Increases in equity capital             26,479      41,632
93         Decreases in equity capital            -11,337      -4,107
94       Reinvested earnings (line 69 with
           sign reversed)                          19,516      20,361
95       Intercompany debt                        -21,910      -5,875
96         U.S. affiliates' payables                3,639      -5,380
97         U.S. affiliates' receivables           -25,548        -495

98     Capital without current-cost adjustment     11,465      50,731
99         Manufacturing                           10,786      10,611
100        Wholesale trade                          6,439       7,061
101        Finance (including depository
             institutions) and insurance           -6,276      12,739
102        Other                                      516      20,320
103      Equity capital                            15,142      37,525
104        Manufacturing                            9,223      15,484
105        Wholesale trade                          1,492       2,488
106        Finance (including depository
             institutions) and insurance               99       8,920
107        Other                                    4,328      10,633
108      Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          18,233      19,081
109        Manufacturing                            6,577      10,734
110        Wholesale trade                          5,205       6,802
111        Finance (including depository
             institutions) and insurance            1,824       1,682
112        Other                                    4,627        -137
113      Intercompany debt                        -21,910      -5,875
114        Manufacturing                           -5,014     -15,607
115        Wholesale trade                           -258      -2,229
116        Finance (including depository
             institutions) and insurance (2)       -8,198       2,137
117        Other                                   -8,439       9,824

118    Royalties and license fees, net             -3,447      -3,333
119      U.S. affiliates' payments
           (table 1, part of line 26)              -4,513      -4,652
120      U.S. affiliates' receipts
           (table 1, part of line 9)                1,065       1,319

121    Other private services, net                     80         831
122      U.S. affiliates' payments
           (table 1, part of line 27)              -5,918      -5,722
123      U.S. affiliates' receipts
           (table 1, part of line 10)               5,998       6,553

                                                    Not seasonally
                                                       adjusted

                                                         2007

Line           (Credits  ; debits -)             III (r)     IV (p)

       U.S. direct investment abroad:

1      Income (table 1, line 14)                   91,469      93,889
2        Earnings                                  89,364      91,852
3          Distributed earnings                    18,102      34,564
4          Reinvested earnings                     71,262      57,287
5            Reinvested earnings without
               current-cost adjustment             66,596      52,623
6            Current-cost adjustment                4,666       4,664
7        Interest                                   2,105       2,037
8          U.S. parents' receipts                   3,128       3,047
9          U.S. parents' payments                  -1,023      -1,010

10     Income without current-cost adjustment      86,803      89,225
11         Manufacturing                           18,036      17,590
12         Wholesale trade                          7,706       7,863
13         Finance (including depository
             institutions) and insurance           10,063       9,141
14         Holding companies, except bank
             holding companies                     32,378      34,015
15         Other                                   18,621      20,615
16       Earnings without current-cost
             adjustment (line 2 less line 6)       84,698      87,188
17         Manufacturing                           17,657      17,203
18         Wholesale trade                          7,601       7,739
19         Finance (including depository
             institutions) and insurance           10,040       9,142
20         Holding companies, except bank
             holding companies                     31,745      33,400
21         Other                                   17,655      19,703
22       Interest                                   2,105       2,037
23         Manufacturing                              379         387
24         Wholesale trade                            105         124
25         Finance (including depository
             institutions) and insurance (1)           23          -1
26         Holding companies, except bank
             holding companies                        632      61,511
27         Other                                      966         912

28     Capital (table 1, line 51)                 -63,254    -105,111
29       Equity capital                             2,002     -50,916
30         Increases in equity capital            -21,486     -65,019
31         Decreases in equity capital             23,488      14,103
32       Reinvested earnings (line 4 with
           sign reversed)                         -71,262     -57,287
33       Intercompany debt                          6,006       3,092
34         U.S. parents' receivables               -5,480       2,921
35         U.S. parents' payables                  11,486         171
36     Capital without current-cost adjustment    -58,588    -100,447
37         Manufacturing                          -17,140     -17,101
38         Wholesale trade                         -6,422      -3,460
39         Finance (including depository
             institutions) and insurance          -10,968      -8,267
40         Holding companies, except bank
             holding companies                    -12,745     -49,559
41         Other                                  -11,313     -22,059
42       Equity capital                             2,002      50,916
43         Manufacturing                           -1,329      -3,848
44         Wholesale trade                         -1,333        -801
45         Finance (including depository
             institutions) and insurance           -7,388      -5,356
46         Holding companies, except bank
             holding companies                     10,945     -29,483
47         Other                                   11,071     -11,428
48       Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)          -66,596      52,623
49         Manufacturing                          -14,066     -12,852
50         Wholesale trade                         -5,792       1,596
51         Finance (including depository
             institutions) and insurance           -6,368      -4,382
52         Holding companies, except bank
             holding companies                    -26,323     -18,486
53         Other                                  -14,047     -12,308
54       Intercompany debt                          6,006       3,092
55         Manufacturing                           -1,745        -402
56         Wholesale sale                             704       1,937
57         Finance (including depository,
             institutions) and insurance (2)        2,787       1,471
58         Holding companies, except bank
             holding companies                     12,633       1,591
59         Other                                    1,627       1,678

60     Royalties and license fees, net              9,653      10,501
61       U.S. parents' receipts (table 1,
           part of line 9)                         10,256      11,148
62       U.S. parents' payments (table 1,
           part of line 26)                          -603        -648

63     Other private services, net                  1,557       2,412
64       U.S. parents' receipts (table 1,
           part of line 10)                         8,798      10,376
65       U.S. parents' payments (table 1,
           part of line 27)                        -7,241      -7,964

       Foreign direct investment in the
         United States:

66     Income (table 1, line 31)                  -36,270     -23,547
67       Earnings                                 -30,348     -16,982
68         Distributed earnings                    -7,581     -15,523
69         Reinvested earnings                    -22,767      -1,460
70           Reinvested earnings without
               current-cost adjustment            -21,490        -184
71           Current-cost adjustment               -1,277      -1,276
72     Interest                                    -5,922      -6,565
73       U.S. affiliates' payments                 -7,626      -8,449
74       U.S. affiliates' receipts                  1,704       1,885
75     Income without current-cost adjustment     -34,993     -22,271
76         Manufacturing                          -16,083     -17,431
77         Wholesale trade                         -5,707      -3,767
78         Finance (including depository
             institutions) and insurance           -4,735       6,304
79         Other                                   -8,469      -7,378
80       Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -29,071     -15,706
81         Manufacturing                          -13,234     -14,276
82         Wholesale trade                         -5,418      -3,465
83         Finance (including depository
             institutions) and insurance            4,204       6,773
84         Other                                   -6,216      -4,739
85       Interest                                  -5,922      -6,565
86         Manufacturing                           -2,849      -3,155
87         Wholesale trade                           -289        -302
88         Finance (including depository
             institutions) and insurance (1)         -531        -469
89         Other                                   -2,253      -2,639

90     Capital (table 1, line 64)                 102,875      36,780
91       Equity capital                            73,627      15,852
92         Increases in equity capital             77,392      40,833
93         Decreases in equity capital             -3,765     -24,981
94       Reinvested earnings (line 69 with
           sign reversed)                          22,767       1,460
95       Intercompany debt                          6,481      19,469
96         U.S. affiliates' payables               47,023      18,916
97         U.S. affiliates' receivables           -40,543         553

98     Capital without current-cost adjustment    101,598      35,504
99         Manufacturing                           39,986      30,216
100        Wholesale trade                         15,120       1,683
101        Finance (including depository
             institutions) and insurance           15,323     -16,573
102        Other                                   31,169      20,178
103      Equity capital                            73,627      15,852
104        Manufacturing                           27,172      12,031
105        Wholesale trade                          1,366       2,259
106        Finance (including depository
             institutions) and insurance           19,739      -7,655
107        Other                                   25,350       9,216
108      Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          21,490         184
109        Manufacturing                            8,625       2,300
110        Wholesale trade                          5,053       3,026
111        Finance (including depository
             institutions) and insurance            2,600      -8,518
112        Other                                    5,213       3,376
113      Intercompany debt                          6,481      19,469
114        Manufacturing                            4,190      15,884
115        Wholesale trade                          8,700      -3,601
116        Finance (including depository
             institutions) and insurance (2)       -7,015        -401
117        Other                                      606       7,586

118    Royalties and license fees, net             -3,277      -4,959
119      U.S. affiliates' payments
           (table 1, part of line 26)              -4,647      -6,603
120      U.S. affiliates' receipts
           (table 1, part of line 9)                1,370       1,644

121    Other private services, net                    478       1,825
122      U.S. affiliates' payments
           (table 1, part of line 27)              -5,907      -6,389
123      U.S. affiliates' receipts
           (table 1, part of line 10)               6,385       8,214

                                                   Seasonally adjusted

                                                         2006

Line           (Credits  ; debits -)                I          II

       U.S. direct investment abroad:

1      Income (table 1, line 14)                   73,304      77,702
2        Earnings                                  71,916      76,177
3          Distributed earnings                    22,772      23,944
4          Reinvested earnings                     49,144      52,233
5            Reinvested earnings without
               current-cost adjustment             44,377      47,536
6            Current-cost adjustment                4,767       4,697
7        Interest                                   1,387       1,525
8          U.S. parents' receipts                   2,305       2,487
9          U.S. parents' payments                    -918        -963

10     Income without current-cost adjustment      68,537      73,005
11         Manufacturing                           13,690      14,381
12         Wholesale trade                          6,871       7,831
13         Finance (including depository
             institutions) and insurance            7,857       7,790
14         Holding companies, except bank
             holding companies                     24,025      24,615
15         Other                                   16,094      18,388
16       Earnings without current-cost
             adjustment (line 2 less line 6)       67,149      71,480
17         Manufacturing                           13,330      13,969
18         Wholesale trade                          6,756       7,693
19         Finance (including depository
             institutions) and insurance            7,938       7,885
20         Holding companies, except bank
             holding companies                     23,732      24,310
21         Other                                   15,393      17,624
22       Interest                                   1,387       1,525
23         Manufacturing                              360         412
24         Wholesale trade                            114         138
25         Finance (including depository
             institutions) and insurance (1)          -81         -95
26         Holding companies, except bank
             holding companies                        293         306
27         Other                                      701         764

28     Capital (table 1, line 51)                 -66,502     -53,744
29       Equity capital                           -12,589      -2,916
30         Increases in equity capital            -17,337     -12,462
31         Decreases in equity capital              4,748       9,546
32       Reinvested earnings (line 4 with
           sign reversed)                         -49,144     -52,233
33       Intercompany debt                         -4,769       1,405
34         U.S. parents' receivables               -9,870      -7,601
35         U.S. parents' payables                   5,101       9,006
36     Capital without current-cost adjustment    -61,735     -49,047
37         Manufacturing                           -8,721      -9,958
38         Wholesale trade                         -8,035      -2,392
39         Finance (including depository
             institutions) and insurance           -9,249     -13,338
40         Holding companies, except bank
             holding companies                    -25,075     -15,093
41         Other                                  -10,656      -8,266
42       Equity capital                            12,589       2,916
43         Manufacturing                             -255          19
44         Wholesale trade                             90        -263
45         Finance (including depository
             institutions) and insurance            3,947      -5,134
46         Holding companies, except bank
             holding companies                     -6,768         274
47         Other                                     -708       2,188
48       Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)          -44,377      37,536
49         Manufacturing                           -9,077     -10,885
50         Wholesale trade                         -5,545      -5,966
51         Finance (including depository
             institutions) and insurance           -4,202      -3,089
52         Holding companies, except bank
             holding companies                    -17,097     -17,417
53         Other                                   -8,456     -10,180
54       Intercompany debt                          3,769       1,405
55         Manufacturing                              612         908
56         Wholesale sale                          -2,580
57         Finance (including depository,
             institutions) and insurance (2)          -99      -5,114
58         Holding companies, except bank
             holding companies                     -1,201      12,050
59         Other                                   -1,492        -275

60     Royalties and license fees, net              8,834       9,257
61       U.S. parents' receipts (table 1,
           part of line 9)                          9,396       9,809
62       U.S. parents' payments (table 1,
           part of line 26)                          -563        -552

63     Other private services, net                  1,677       1,536
64       U.S. parents' receipts (table 1,
           part of line 10)                         7,839       8,065
65       U.S. parents' payments (table 1,
           part of line 27)                        -6,162      -6,529

       Foreign direct investment in the
         United States:

66     Income (table 1, line 31)                  -31,299     -33,055
67       Earnings                                 -27,382     -28,886
68         Distributed earnings                    -5,120      -6,235
69         Reinvested earnings                    -22,262     -22,650
70           Reinvested earnings without
               current-cost adjustment            -20,798     -21,333
71           Current-cost adjustment               -1,464      -1,317
72     Interest                                    -3,917      -4,169
73       U.S. affiliates' payments                 -4,895      -5,312
74       U.S. affiliates' receipts                    978       1,144
75     Income without current-cost adjustment     -29,835     -31,737
76         Manufacturing                          -11,586     -11,921
77         Wholesale trade                         -7,088      -6,918
78         Finance (including depository
             institutions) and insurance           -4,124      -5,940
79         Other                                   -7,037      -6,958
80       Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -25,918     -27,569
81         Manufacturing                           -9,705     -10,149
82         Wholesale trade                         -6,830      -6,671
83         Finance (including depository
             institutions) and insurance           -3,901      -5,556
84         Other                                   -5,483      -5,193
85       Interest                                  -3,917      -4,169
86         Manufacturing                           -1,882      -1,772
87         Wholesale trade                           -258        -247
88         Finance (including depository
             institutions) and insurance (1)         -223        -385
89         Other                                   -1,554      -1,765

90     Capital (table 1, line 64)                  42,976      49,056
91       Equity capital                            26,715      21,170
92         Increases in equity capital             36,976      25,973
93         Decreases in equity capital            -10,261      -4,803
94       Reinvested earnings (line 69 with
           sign reversed)                          22,262      22,650
95       Intercompany debt                         -6,002       5,235
96         U.S. affiliates' payables                4,974      21,784
97         U.S. affiliates' receivables           -10,975     -16,549

98     Capital without current-cost adjustment     41,512      47,739
99         Manufacturing                           15,988      14,494
100        Wholesale trade                         11,141       6,540
101        Finance (including depository
             institutions) and insurance           15,411      10,046
102        Other                                   -1,027      16,660
103      Equity capital                            26,715      21,170
104        Manufacturing                           11,392       9,591
105        Wholesale trade                          6,433       1,303
106        Finance (including depository
             institutions) and insurance            7,663       5,678
107        Other                                    1,227       4,597
108      Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          20,798      21,333
109        Manufacturing                            6,886       8,154
110        Wholesale trade                          6,642       6,228
111        Finance (including depository
             institutions) and insurance            2,735       2,804
112        Other                                    4,534       4,147
113      Intercompany debt                         -6,002       5,235
114        Manufacturing                           -2,291      -3,252
115        Wholesale trade                         -1,934        -992
116        Finance (including depository
             institutions) and insurance (2)        5,012       1,563
117        Other                                   -6,788       7,916

118    Royalties and license fees, net             -3,186      -3,361
119      U.S. affiliates' payments
           (table 1, part of line 26)              -4,503      -4,660
120      U.S. affiliates' receipts
           (table 1, part of line 9)                1,318       1,299

121    Other private services, net                    367       1,133
122      U.S. affiliates' payments
           (table 1, part of line 27)              -5,612      -5,240
123      U.S. affiliates' receipts
           (table 1, part of line 10)               5,980       6,373

                                                  Seasonally adjusted

                                                         2006

Line           (Credits  ; debits -)               III         IV

       U.S. direct investment abroad:

1      Income (table 1, line 14)                   78,372      80,846
2        Earnings                                  76,884      79,499
3          Distributed earnings                    18,412      19,255
4          Reinvested earnings                     58,472      60,244
5            Reinvested earnings without
               current-cost adjustment             53,821      55,615
6            Current-cost adjustment                4,651       4,629
7        Interest                                   1,489       1,348
8          U.S. parents' receipts                   2,498       2,617
9          U.S. parents' payments                  -1,010      -1,269

10     Income without current-cost adjustment      73,721      76,217
11         Manufacturing                           15,417      15,755
12         Wholesale trade                          7,091       7,478
13         Finance (including depository
             institutions) and insurance            8,198       7,947
14         Holding companies, except bank
             holding companies                     25,235      26,511
15         Other                                   17,780      18,526
16       Earnings without current-cost
             adjustment (line 2 less line 6)       72,233      74,870
17         Manufacturing                           14,980      15,361
18         Wholesale trade                          6,985      73,681
19         Finance (including depository
             institutions) and insurance            8,306      81,561
20         Holding companies, except bank
             holding companies                     24,969      26,297
21         Other                                   16,992      17,687
22       Interest                                   1,489       1,348
23         Manufacturing                              437         393
24         Wholesale trade                            106         111
25         Finance (including depository
             institutions) and insurance (1)         -108        -209
26         Holding companies, except bank
             holding companies                        265         214
27         Other                                      788         839

28     Capital (table 1, line 51)                 -49,018     -66,094
29       Equity capital                             3,662     -10,081
30         Increases in equity capital            -15,082     -31,353
31         Decreases in equity capital             10,421      21,272
32       Reinvested earnings (line 4 with
           sign reversed)                         -58,472     -60,244
33       Intercompany debt                         14,116       4,230
34         U.S. parents' receivables                8,704       2,399
35         U.S. parents' payables                   5,412       1,832
36     Capital without current-cost adjustment    -44,367     -61,465
37         Manufacturing                          -13,988     -27,355
38         Wholesale trade                         -4,642      -7,634
39         Finance (including depository
             institutions) and insurance            2,265        -311
40         Holding companies, except bank
             holding companies                    -16,538     -17,223
41         Other                                  -11,464       2,941
42       Equity capital                            -4,662     -10,081
43         Manufacturing                           -3,058     -12,060
44         Wholesale trade                             57      -1,025
45         Finance (including depository
             institutions) and insurance              429         978
46         Holding companies, except bank
             holding companies                     -2,090     -14,711
47         Other                                        0       3,497
48       Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)          -53,821     -55,615
49         Manufacturing                          -11,898      12,981
50         Wholesale trade                         -5,561      -6,033
51         Finance (including depository
             institutions) and insurance           -5,624      -6,234
52         Holding companies, except bank
             holding companies                    -19,270     -18,410
53         Other                                  -11,469     -11,957
54       Intercompany debt                         14,116       4,230
55         Manufacturing                              967      -2,313
56         Wholesale sale                             862        -577
57         Finance (including depository,
             institutions) and insurance (2)        7,460       4,945
58         Holding companies, except bank
             holding companies                      4,822       2,658
59         Other                                        4        -482

60     Royalties and license fees, net              9,436       9,552
61       U.S. parents' receipts (table 1,
           part of line 9)                          9,989      10,145
62       U.S. parents' payments (table 1,
           part of line 26)                          -553        -593

63     Other private services, net                  1,621       1,690
64       U.S. parents' receipts (table 1,
           part of line 10)                         8,214       8,433
65       U.S. parents' payments (table 1,
           part of line 27)                        -6,593      -6,743

       Foreign direct investment in the
         United States:

66     Income (table 1, line 31)                  -37,885     -33,772
67       Earnings                                 -32,613     -28,356
68         Distributed earnings                   -10,949     -24,313
69         Reinvested earnings                    -21,664      -4,043
70           Reinvested earnings without
               current-cost adjustment            -20,441      -2,861
71           Current-cost adjustment               -1,223      -1,182
72     Interest                                    -5,272      -5,416
73       U.S. affiliates' payments                 -6,491      -6,487
74       U.S. affiliates' receipts                  1,220       1,071
75     Income without current-cost adjustment     -36,662     -32,590
76         Manufacturing                          -14,225     -16,587
77         Wholesale trade                         -7,899      -6,312
78         Finance (including depository
             institutions) and insurance           -6,277      -2,259
79         Other                                   -8,260      -7,432
80       Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -31,390     -27,174
81         Manufacturing                          -11,599     -13,858
82         Wholesale trade                         -7,645      -6,100
83         Finance (including depository
             institutions) and insurance           -5,908      -1,832
84         Other                                   -6,239      -5,384
85       Interest                                  -5,272      -5,416
86         Manufacturing                           -2,626      -2,728
87         Wholesale trade                           -255        -213
88         Finance (including depository
             institutions) and insurance (1)         -369        -428
89         Other                                   -2,021      -2,048

90     Capital (table 1, line 64)                  42,979      45,570
91       Equity capital                            13,539      36,556
92         Increases in equity capital             22,592      40,684
93         Decreases in equity capital             -9,054      -4,128
94       Reinvested earnings (line 69 with
           sign reversed)                          21,664       4,043
95       Intercompany debt                          7,776       4,971
96         U.S. affiliates' payables               10,661     -16,347
97         U.S. affiliates' receivables            -2,885      21,318

98     Capital without current-cost adjustment     41,756      44,388
99         Manufacturing                           24,457      10,866
100        Wholesale trade                           -426       3,756
101        Finance (including depository
             institutions) and insurance            8,468      12,443
102        Other                                    9,257      17,323
103      Equity capital                            13,539      36,556
104        Manufacturing                            3,777      20,503
105        Wholesale trade                         -3,254       2,745
106        Finance (including depository
             institutions) and insurance            4,670      10,977
107        Other                                    8,346       2,331
108      Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          20,441       2,861
109        Manufacturing                            9,761         191
110        Wholesale trade                          3,274      -2,905
111        Finance (including depository
             institutions) and insurance            2,848       1,091
112        Other                                    4,559       4,483
113      Intercompany debt                          7,776       4,971
114        Manufacturing                           10,919      -9,828
115        Wholesale trade                           -446       3,916
116        Finance (including depository
             institutions) and insurance (2)          950         375
117        Other                                   -3,647      10,508

118    Royalties and license fees, net             -3,383      -3,636
119      U.S. affiliates' payments
           (table 1, part of line 26)              -4,663      -4,877
120      U.S. affiliates' receipts
           (table 1, part of line 9)                1,280       1,241

121    Other private services, net                    962         449
122      U.S. affiliates' payments
           (table 1, part of line 27)              -5,276      -6,046
123      U.S. affiliates' receipts
           (table 1, part of line 10)               6,239       6,496

                                                  Seasonally adjusted

                                                         2007

Line           (Credits  ; debits -)              I (r)      II (r)

       U.S. direct investment abroad:

1      Income (table 1, line 14)                   79,422      87,075
2        Earnings                                  77,612      85,200
3          Distributed earnings                    21,516      22,280
4          Reinvested earnings                     56,096      62,921
5            Reinvested earnings without
               current-cost adjustment             51,425      58,253
6            Current-cost adjustment                4,671       4,668
7        Interest                                   1,810       1,874
8          U.S. parents' receipts                   2,825       2,951
9          U.S. parents' payments                  -1,015      -1,077

10     Income without current-cost adjustment      74,751      82,407
11         Manufacturing                           16,363      16,778
12         Wholesale trade                          7,544       7,768
13         Finance (including depository
             institutions) and insurance            7,508       9,092
14         Holding companies, except bank
             holding companies                     26,389      29,411
15         Other                                   16,947      19,358
16       Earnings without current-cost
             adjustment (line 2 less line 6)       72,941      80,532
17         Manufacturing                           15,950      16,338
18         Wholesale trade                          7,458       7,685
19         Finance (including depository
             institutions) and insurance            7,526       9,099
20         Holding companies, except bank
             holding companies                     25,895      28,926
21         Other                                   16,112      18,485
22       Interest                                   1,810       1,874
23         Manufacturing                              412         440
24         Wholesale trade                             87          83
25         Finance (including depository
             institutions) and insurance (1)          -19          -6
26         Holding companies, except bank
             holding companies                        494         485
27         Other                                      835         872

28     Capital (table 1, line 51)                 -81,886     -78,422
29       Equity capital                           -19,059     -25,927
30         Increases in equity capital            -26,575      31,793
31         Decreases in equity capital              7,515      15,866
32       Reinvested earnings (line 4 with
           sign reversed)                         -56,096     -62,921
33       Intercompany debt                         -6,730      10,426
34         U.S. parents' receivables               -7,651         299
35         U.S. parents' payables                     920      10,127
36     Capital without current-cost adjustment    -77,215     -73,754
37         Manufacturing                          -16,011     -12,851
38         Wholesale trade                         -6,251      -2,608
39         Finance (including depository
             institutions) and insurance          -12,575     -14,115
40         Holding companies, except bank
             holding companies                    -26,573     -33,211
41         Other                                  -15,806     -10,968
42       Equity capital                          -19,059      -25,927
43         Manufacturing                           -6,443        -837
44         Wholesale trade                            -89        -416
45         Finance (including depository
             institutions) and insurance           -5,465     -14,082
46         Holding companies, except bank
             holding companies                     -2,129     -16,122
47         Other                                    4,934       5,531
48       Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)           51,425     -58,253
49         Manufacturing                          -12,989     -13,159
50         Wholesale trade                         -6,455      -6,110
51         Finance (including depository
             institutions) and insurance           -2,253      -3,503
52         Holding companies, except bank
             holding companies                    -18,914     -21,121
53         Other                                  -10,815     -14,360
54       Intercompany debt                         -6,730      10,426
55         Manufacturing                            3,421       1,145
56         Wholesale sale                             293       3,917
57         Finance (including depository,
             institutions) and insurance (2)        3,857       3,471
58         Holding companies, except bank
             holding companies                     -5,530       4,032
59         Other                                      -57      -2,139

60     Royalties and license fees, net              9,565       9,691
61       U.S. parents' receipts (table 1,
           part of line 9)                         10,180      10,293
62       U.S. parents' payments (table 1,
           part of line 26)                          -615        -602

63     Other private services, net                  1,979       1,598
64       U.S. parents' receipts (table 1,
           part of line 10)                         8,868       8,962
65       U.S. parents' payments (table 1,
           part of line 27)                        -6,889      -7,364

       Foreign direct investment in the
         United States:

66     Income (table 1, line 31)                  -31,701     -36,766
67       Earnings                                 -26,738     -31,341
68         Distributed earnings                    -6,943     -12,862
69         Reinvested earnings                    -19,795     -18,479
70           Reinvested earnings without
               current-cost adjustment            -18,512     -17,199
71           Current-cost adjustment               -1,283      -1,280
72     Interest                                    -4,963      -5,425
73       U.S. affiliates' payments                 -5,991      -7,112
74       U.S. affiliates' receipts                  1,028       1,687
75     Income without current-cost adjustment     -30,418     -35,486
76         Manufacturing                          -13,615     -14,813
77         Wholesale trade                         -5,491      -7,846
78         Finance (including depository
             institutions) and insurance           -3,960      -4,151
79         Other                                   -7,352      -8,677
80       Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -25,455     -30,061
81         Manufacturing                          -10,799     -11,960
82         Wholesale trade                         -5,278      -7,560
83         Finance (including depository
             institutions) and insurance           -3,684      -3,948
84         Other                                   -5,694      -6,593
85       Interest                                  -4,963      -5,425
86         Manufacturing                           -2,816      -2,853
87         Wholesale trade                           -213        -285
88         Finance (including depository
             institutions) and insurance (1)         -276        -203
89         Other                                   -1,658      -2,084

90     Capital (table 1, line 64)                  13,028      50,129
91       Equity capital                            15,142      37,525
92         Increases in equity capital             26,479      41,632
93         Decreases in equity capital            -11,337      -4,107
94       Reinvested earnings (line 69 with
           sign reversed)                          19,795      18,479
95       Intercompany debt                        -21,910      -5,875
96         U.S. affiliates' payables                3,639      -5,380
97         U.S. affiliates' receivables           -25,548        -495

98     Capital without current-cost adjustment     11,745      48,849
99         Manufacturing                           11,079       9,569
100        Wholesale trade                          6,439       7,061
101        Finance (including depository
             institutions) and insurance           -6,422      12,825
102        Other                                      649      19,395
103      Equity capital                            15,142      37,525
104        Manufacturing                            9,223      15,484
105        Wholesale trade                          1,492       2,488
106        Finance (including depository
             institutions) and insurance               99       8,920
107        Other                                    4,328      10,633
108      Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          18,512      17,199
109        Manufacturing                            6,870       9,692
110        Wholesale trade                          5,205       6,802
111        Finance (including depository
             institutions) and insurance            1,677       1,768
112        Other                                    4,760      -1,063
113      Intercompany debt                        -21,910      -5,875
114        Manufacturing                           -5,014     -15,607
115        Wholesale trade                           -258      -2,229
116        Finance (including depository
             institutions) and insurance (2)       -8,198       2,137
117        Other                                   -8,439       9,824

118    Royalties and license fees, net             -3,658      -3,718
119      U.S. affiliates' payments
           (table 1, part of line 26)               4,918      -5,054
120      U.S. affiliates' receipts
           (table 1, part of line 9)                1,260       1,336

121    Other private services, net                    576       1,084
122      U.S. affiliates' payments
           (table 1, part of line 27)              -5,918      -5,722
123      U.S. affiliates' receipts
           (table 1, part of line 10)               6,494       6,806

                                                  Seasonally adjusted

                                                         2007

Line           (Credits  ; debits -)             III (r)     IV (p)

       U.S. direct investment abroad:

1      Income (table 1, line 14)                   91,928      94,211
2        Earnings                                  89,823      92,174
3          Distributed earnings                    23,144      23,560
4          Reinvested earnings                     66,679      68,614
5            Reinvested earnings without
               current-cost adjustment             62,013      63,950
6            Current-cost adjustment                4,666       4,664
7        Interest                                   2,105       2,037
8          U.S. parents' receipts                   3,128       3,047
9          U.S. parents' payments                  -1,023      -1,010

10     Income without current-cost adjustment      87,262      89,547
11         Manufacturing                           18,052      18,216
12         Wholesale trade                          8,207       7,021
13         Finance (including depository
             institutions) and insurance           10,004       9,680
14         Holding companies, except bank
             holding companies                     32,378      34,015
15         Other                                   18,621      20,615
16       Earnings without current-cost
             adjustment (line 2 less line 6)       85,157      87,510
17         Manufacturing                           17,674      17,829
18         Wholesale trade                          8,102       6,896
19         Finance (including depository
             institutions) and insurance            9,981       9,681
20         Holding companies, except bank
             holding companies                     31,745      33,400
21         Other                                   17,655      19,703
22       Interest                                   2,105       2,037
23         Manufacturing                              379         387
24         Wholesale trade                            105         124
25         Finance (including depository
             institutions) and insurance (1)           23          -1
26         Holding companies, except bank
             holding companies                        632         615
27         Other                                      966         912

28     Capital (table 1, line 51)                 -58,671    -116,437
29       Equity capital                             2,002     -50,916
30         Increases in equity capital            -21,486     -65,019
31         Decreases in equity capital             23,488      14,103
32       Reinvested earnings (line 4 with
           sign reversed)                         -66,679     -68,614
33       Intercompany debt                          6,006       3,092
34         U.S. parents' receivables               -5,480       2,921
35         U.S. parents' payables                  11,486         171
36     Capital without current-cost adjustment    -54,005    -111,773
37         Manufacturing                          -16,980     -19,121
38         Wholesale trade                         -6,038      -4,139
39         Finance (including depository
             institutions) and insurance          -10,223     -11,067
40         Holding companies, except bank
             holding companies                    -11,735     -53,367
41         Other                                   -9,029     -24,079
42       Equity capital                             2,002     -50,916
43         Manufacturing                           -1,329      -3,848
44         Wholesale trade                         -1,333        -801
45         Finance (including depository
             institutions) and insurance           -7,388      -5,356
46         Holding companies, except bank
             holding companies                     10,945     -29,483
47         Other                                    1,107     -11,428
48       Reinvested earnings without
             current-cost adjustment
             (line 5 with sign reversed)          -62,013     -63,950
49         Manufacturing                          -13,905     -14,871
50         Wholesale trade                         -5,409      -5,275
51         Finance (including depository
             institutions) and insurance           -5,623      -7,182
52         Holding companies, except bank
             holding companies                    -25,313     -22,293
53         Other                                  -11,764     -14,329
54       Intercompany debt                          6,006       3,092
55         Manufacturing                           -1,745        -402
56         Wholesale sale                             704       1,937
57         Finance (including depository,
             institutions) and insurance (2)        2,787       1,471
58         Holding companies, except bank
             holding companies                      2,633      -1,591
59         Other                                    1,627       1,678

60     Royalties and license fees, net              9,800       9,799
61       U.S. parents' receipts (table 1,
           part of line 9)                         10,403      10,447
62       U.S. parents' payments (table 1,
           part of line 26)                          -603        -648

63     Other private services, net                  1,775       1,916
64       U.S. parents' receipts (table 1,
           part of line 10)                         9,311       9,501
65       U.S. parents' payments (table 1,
           part of line 27)                        -7,536      -7,585

       Foreign direct investment in the
         United States:

66     Income (table 1, line 31)                  -35,846     -24,721
67       Earnings                                 -29,924     -18,156
68         Distributed earnings                    -8,690     -13,561
69         Reinvested earnings                    -21,234      -4,595
70           Reinvested earnings without
               current-cost adjustment            -19,957      -3,319
71           Current-cost adjustment               -1,277      -1,276
72     Interest                                    -5,922      -6,565
73       U.S. affiliates' payments                 -7,626      -8,449
74       U.S. affiliates' receipts                  1,704       1,885
75     Income without current-cost adjustment     -34,569     -23,445
76         Manufacturing                          -15,659     -18,604
77         Wholesale trade                         -5,707      -3,767
78         Finance (including depository
             institutions) and insurance           -4,735       6,304
79         Other                                   -8,469      -7,378
80       Earnings without current-cost
             adjustment (line 67 less
             line 71)                             -28,647     -16,880
81         Manufacturing                          -12,810     -15,449
82         Wholesale trade                         -5,418      -3,465
83         Finance (including depository
             institutions) and insurance            4,204       6,773
84         Other                                   -6,216      -4,739
85       Interest                                  -5,922      -6,565
86         Manufacturing                           -2,849      -3,155
87         Wholesale trade                           -289        -302
88         Finance (including depository
             institutions) and insurance (1)         -531        -469
89         Other                                   -2,253      -2,639

90     Capital (table 1, line 64)                 101,342      39,915
91       Equity capital                            73,627      15,852
92         Increases in equity capital             77,392      40,833
93         Decreases in equity capital             -3,765     -24,981
94       Reinvested earnings (line 69 with
           sign reversed)                          21,234       4,595
95       Intercompany debt                          6,481      19,469
96         U.S. affiliates' payables               47,023      18,916
97         U.S. affiliates' receivables           -40,543         553

98     Capital without current-cost adjustment    100,065      38,639
99         Manufacturing                           39,562      31,389
100        Wholesale trade                         15,120       1,683
101        Finance (including depository
             institutions) and insurance           14,208     -15,398
102        Other                                   31,175      20,964
103      Equity capital                            73,627      15,852
104        Manufacturing                           27,172      12,031
105        Wholesale trade                          1,366       2,259
106        Finance (including depository
             institutions) and insurance           19,739      -7,655
107        Other                                   25,350       9,216
108      Reinvested earnings without
             current-cost adjustment
             (line 70 with sign reversed)          19,957       3,319
109        Manufacturing                            8,201       3,473
110        Wholesale trade                          5,053       3,026
111        Finance (including depository
             institutions) and insurance            1,485      -7,343
112        Other                                    5,219       4,162
113      Intercompany debt                          6,481      19,469
114        Manufacturing                            4,190      15,884
115        Wholesale trade                          8,700      -3,601
116        Finance (including depository
             institutions) and insurance (2)       -7,015        -401
117        Other                                      606       7,586

118    Royalties and license fees, net             -3,810      -3,830
119      U.S. affiliates' payments
           (table 1, part of line 26)              -5,170      -5,273
120      U.S. affiliates' receipts
           (table 1, part of line 9)                1,360       1,443

121    Other private services, net                    895         661
122      U.S. affiliates' payments
           (table 1, part of line 27)              -5,907      -6,389
123      U.S. affiliates' receipts
           (table 1, part of line 10)               6,802       7,050

See the footnotes on pages 72-73

Table 7. Transactions in Long-Term Securities

[Millions of dollars]

Line   (Credits  ; debits -) (1)                  2006       2007 (p)

 A1    Foreign securities, net purchases (-)
           or net sales ( ) by U.S.
           residents (table 1, line 52 or
           lines 4   18 below)                   -289,422     -273,851
   2     Stocks, gross purchases by U.S.
           residents                            3,838,823    5,405,730
   3     Stocks, gross sales by U.S.
           residents                            3,700,285    5,274,737
   4     Stocks, net purchases by U.S.
             residents                           -136,538     -130,999
   5       New issues in the United
             States (1)                              n.a.         n.a.
   6       Transactions in outstanding
             stocks, net                             n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
   7         Europe                               -90,993      -87,584
   8           Of which: United Kingdom           -65,271      -71,911
   9         Canada                                -7,573       -7,515
  10         Caribbean financial centers (2)       21,464      -10,735
  11         Latin America, excluding
               Caribbean financial centers         -7,806      -12,439
  12         Asia                                 -44,842       -7,164
  13           Of which: Japan                     -1,910       -2,387
  14         Africa                                -2,799       -1,647
  15         Other                                 -5,989       -3,915
  16     Bonds, gross purchases by U.S.
           residents                            2,023,867    3,109,175
  17     Bonds, gross sales by U.S.
           residents                            1,872,983    2,966,323
  18     Bonds, net purchases by U.S.
             residents                           -150,884     -142,852
  19       New issues in the United States           n.a.         n.a.
  20       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
  21         Europe                              -147,701     -148,439
  22           Of which: United Kingdom          -101,619      -96,018
  23         Canada                               -11,306       -5,111
  24         Caribbean financial centers (2)       -5,723      -20,883
  25         Latin America, excluding
               Caribbean financial centers         -7,868        3,635
  26         Asia                                  23,827       31,775
  27           Of which: Japan                      4,053        5,653
  28         Africa                                   496        3,064
  29         Other                                 -2,609       -6,893

 B1    U.S. securities, excluding
           transactions in U.S. Treasury
           securities and transactions of
           foreign official  agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           line 66 or lines 4   16   30
           below)                                 591,951      391,884
   2     Stocks, gross purchases by foreign
           residents                            6,874,124   10,585,626
   3     Stocks, net purchases by foreign
           residents                            6,731,367   10,402,269
   4     Stockes, net purchases by foreign
             residents                            142,757      183,357
           Net purchases by foreign
               residents by area:
   5         Europe                                94,193       91,632
   6           Of which: United Kingdom           174,808       68,779
   7         Canada                                12,776        9,347
   8         Caribbean financial centers (2)       34,312       47,388
   9         Latin America, excluding
               Caribbean financial centers          1,900        1,278
  10         Asia                                  -1,131       29,134
  11           Of which: Japan                       -789       -5,170
  12         Africa                                    62         -312
  13         Other                                    645        4,890
  14     Corporate bonds, gross purchases
           by foreign residents                 1,624,812    1,827,504
  15     Corporate bonds, gross sales by
           foreign residents                    1,212,552    1,580,766
  16     Corporate bonds, net purchases by
             foreign residents                    412,260      246,738
  17       New issues sold abroad by U.S.
             corporations                            n.a.         n.a.
  18       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
             residents, by area:
  19         Europe                               242,051      111,187
  20           Of which: United Kingdom           192,415      121,437
  21         Canada                                 7,899       12,584
  22         Caribbean financial centers (2)       91,134       41,430
  23         Latin America, excluding
               Caribbean financial centers          9,321        4,568
  24         Asia                                  53,918       71,740
  25           Of which: Japan                     12,263       38,501
  26         Africa                                   203         -402
  27         Other                                  7,734        6,231
  28     Federally sponsored agency bonds,
           gross purchases by foreign
           residents                            1,341,992    1,677,655
  29     Federally sponsored agency bonds,
           gross sales by foreign residents     1,305,058    1,715,866
  30     Federally sponsored agency bonds,
             net purchases by foreign
             residents                             36,934      -38,211
  31       New issues sold abroad by
             federally sponsored
             agencies (1)                            n.a.         n.a.
  32       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
               residents, by area:
  33         Europe                                11,565       52,986
  34           Of which: United Kingdom            13,614       81,022
  35         Canada                                 9,602        2,172
  36         Caribbean financial centers (2)       29,805      -21,871
  37         Latin America, excluding
               Caribbean financial centers          3,356        1,923
  38         Asia                                 -17,709      -73,653
  39           Of which: Japan                     -5,414      -22,356
  40         Africa                                  -546          -68
  41         Other                                    541          300

 C1    U.S. Treasury bonds and notes,
           excluding transactions of
           foreign official agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           part of line 65)                       -49,490      136,519
   2     U.S. Treasury bonds and notes,
           purchases by foreign residents,     10,305,640   14,305,071
           gross
   3     U.S. Treasury hoods and notes,
           gross sales by foreign residents    10,355,130   14,168,552
         Net purchases by foreign residents,
             by area:
   4       Europe                                 -37,805      153,435
   5       Canada                                  14,731       -2,876
   6       Caribbean financial centers (2)        -10,645        3,819
   7       Latin America, excluding
             Caribbean financial centers            5,470       24,513
   8       Asia                                   -20,255      -42,766
   9       Africa                                   1,092        1,518
  10       Other                                   -2,078       -1,124

       Memoranda:

       Net purchases of marketable long-term
           U.S. securities by foreign
           official agencies included
           elsewhere in the international
           transactions accounts, net
           purchases ( ) or net sales (-)
           (lines in table 4):
   1     U.S. Treasury marketable bonds
           and notes (line B4)                    214,133       30,349
   2     Other U.S. government securities
           (line B6)                              191,553      181,952
   3     U.S. corporate and other bonds
           (part of line B16)                      28,591       51,602
   4     U.S. stocks (part of line B16)             5,766       15,115

                                                     Not seasonally
                                                        adjusted

Line   (Credits  ; debits -) (1)                         2006

                                                   I            II

 A1    Foreign securities, net purchases (-)
           or net sales ( ) by U.S.
           residents (table 1, line 52 or
           lines 4   18 below)                    -57,693      -59,003
   2     Stocks, gross purchases by U.S.
           residents                              899,236    1,019,311
   3     Stocks, gross sales by U.S.
           residents                              856,738      996,460
   4     Stocks, net purchases by U.S.
             residents                            -42,498      -22,851
   5       New issues in the United
             States (1)                              n.a.         n.a.
   6       Transactions in outstanding
             stocks, net                             n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
   7         Europe                               -12,239      -17,519
   8           Of which: United Kingdom            -9,061      -13,877
   9         Canada                                -3,747       -1,361
  10         Caribbean financial centers (2)        3,736        1,091
  11         Latin America, excluding
               Caribbean financial centers         -2,988       -1,440
  12         Asia                                 -24,644         -272
  13           Of which: Japan                     -3,385        6,056
  14         Africa                                  -948       -1,128
  15         Other                                 -1,668       -2,222
  16     Bonds, gross purchases by U.S.
           residents                              476,355      486,154
  17     Bonds, gross sales by U.S.
           residents                              461,160      450,002
  18     Bonds, net purchases by U.S.
             residents                            -15,195      -36,152
  19       New issues in the United States           n.a.         n.a.
  20       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
  21         Europe                                -9,689      -40,368
  22           Of which: United Kingdom           -13,821      -22,254
  23         Canada                                -3,816       -1,082
  24         Caribbean financial centers (2)        1,568       -1,296
  25         Latin America, excluding
               Caribbean financial centers         -5,337        1,435
  26         Asia                                   1,736        6,446
  27           Of which: Japan                         71        2,014
  28         Africa                                    59          -31
  29         Other                                    284       -1,256

 B1    U.S. securities, excluding
           transactions in U.S. Treasury
           securities and transactions of
           foreign official  agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           line 66 or lines 4   16   30
           below)                                 173,213      145,750
   2     Stocks, gross purchases by foreign
           residents                            1,564,082    1,809,496
   3     Stocks, net purchases by foreign
           residents                            1,501,049    1,791,454
   4     Stockes, net purchases by foreign
             residents                             63,033       18,042
           Net purchases by foreign
               residents by area:
   5         Europe                                42,360       16,783
   6           Of which: United Kingdom            26,973       14,896
   7         Canada                                 4,392        2,919
   8         Caribbean financial centers (2)       12,867       -3,410
   9         Latin America, excluding
               Caribbean financial centers          1,064          746
  10         Asia                                   1,863          944
  11           Of which: Japan                        694          843
  12         Africa                                   114          161
  13         Other                                    373         -101
  14     Corporate bonds, gross purchases
           by foreign residents                   377,086      392,457
  15     Corporate bonds, gross sales by
           foreign residents                      282,467      286,697
  16     Corporate bonds, net purchases by
             foreign residents                     94,619      105,760
  17       New issues sold abroad by U.S.
             corporations                           n.a.         n.a.
  18       Transactions in outstanding
             bonds, net                             n.a.         n.a.
           Net purchases by foreign
             residents, by area:
  19         Europe                                56,695       67,232
  20           Of which: United Kingdom            44,611       51,172
  21         Canada                                 2,506        2,377
  22         Caribbean financial centers (2)       17,247       18,249
  23         Latin America, excluding
               Caribbean financial centers          2,335        2,346
  24         Asia                                  11,907       12,674
  25           Of which: Japan                      2,161          729
  26         Africa                                    90          317
  27         Other                                  3,839        2,565
  28     Federally sponsored agency bonds,
           gross purchases by foreign
           residents                              329,985      351,970
  29     Federally sponsored agency bonds,
           gross sales by foreign residents       314,424      330,022
  30     Federally sponsored agency bonds,
             net purchases by foreign
             residents                             15,561       21,948
  31       New issues sold abroad by
             federally sponsored
             agencies (1)                            n.a.         n.a.
  32       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
               residents, by area:
  33         Europe                                  -145       14,841
  34           Of which: United Kingdom              -721       14,209
  35         Canada                                 2,951        2,616
  36         Caribbean financial centers (2)        6,984        2,913
  37         Latin America, excluding
               Caribbean financial centers            344          425
  38         Asia                                   5,175        1,776
  39           Of which: Japan                     -2,274        2,375
  40         Africa                                   -11            4
  41         Other                                    263          373

 C1    U.S. Treasury bonds and notes,
           excluding transactions of
           foreign official agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           part of line 65)                       -30,354      -16,878
   2     U.S. Treasury bonds and notes,
           purchases by foreign residents,      2,524,178    2,578,969
           gross
   3     U.S. Treasury hoods and notes,
           gross sales by foreign residents     2,554,532    2,595,847
         Net purchases by foreign residents,
             by area:
   4       Europe                                   2,813      -14,255
   5       Canada                                   4,799        5,482
   6       Caribbean financial centers (2)         14,335        5,365
   7       Latin America, excluding
             Caribbean financial centers            2,492       -1,510
   8       Asia                                   -25,038      -12,005
   9       Africa                                     459          178
  10       Other                                   -1,544         -133

       Memoranda:

       Net purchases of marketable long-term
           U.S. securities by foreign
           official agencies included
           elsewhere in the international
           transactions accounts, net
           purchases ( ) or net sales (-)
           (lines in table 4):
   1     U.S. Treasury marketable bonds
           and notes (line B4)                     51,835       51,705
   2     Other U.S. government securities
           (line B6)                               47,214       41,364
   3     U.S. corporate and other bonds
           (part of line B16)                       8,623        6,133
   4     U.S. stocks (part of line B16)             1,876        5,745

                                                     Not seasonally
                                                        adjusted

Line   (Credits  ; debits -) (1)                         2006

                                                  III           IV

 A1    Foreign securities, net purchases (-)
           or net sales ( ) by U.S.
           residents (table 1, line 52 or
           lines 4   18 below)                    -55,496     -117,230
   2     Stocks, gross purchases by U.S.
           residents                              842,141    1,078,135
   3     Stocks, gross sales by U.S.
           residents                              831,694    1,015,393
   4     Stocks, net purchases by U.S.
             residents                            -10,447      -62,742
   5       New issues in the United
             States (1)                              n.a.         n.a.
   6       Transactions in outstanding
             stocks, net                             n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
   7         Europe                               -11,260      -49,975
   8           Of which: United Kingdom           -14,168      -28,165
   9         Canada                                -1,188       -1,277
  10         Caribbean financial centers (2)        1,528       15,109
  11         Latin America, excluding
               Caribbean financial centers            156       -3,534
  12         Asia                                     904      -20,830
  13           Of which: Japan                       -241       -4,340
  14         Africa                                  -263         -460
  15         Other                                   -324       -1,775
  16     Bonds, gross purchases by U.S.
           residents                              456,051      605,307
  17     Bonds, gross sales by U.S.
           residents                              411,002      550,819
  18     Bonds, net purchases by U.S.
             residents                            -45,049      -54,488
  19       New issues in the United States           n.a.         n.a.
  20       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
  21         Europe                               -44,555      -53,089
  22           Of which: United Kingdom           -32,584      -32,960
  23         Canada                                -4,492       -1,916
  24         Caribbean financial centers (2)       -2,386       -3,609
  25         Latin America, excluding
               Caribbean financial centers           -450       -3,516
  26         Asia                                   4,896       10,749
  27           Of which: Japan                      2,044          -76
  28         Africa                                   184          284
  29         Other                                  1,754       -3,391

 B1    U.S. securities, excluding
           transactions in U.S. Treasury
           securities and transactions of
           foreign official  agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           line 66 or lines 4   16   30
           below)                                 140,243      132,745
   2     Stocks, gross purchases by foreign
           residents                            1,678,452    1,822,094
   3     Stocks, net purchases by foreign
           residents                            1,643,341    1,795,523
   4     Stockes, net purchases by foreign
             residents                             35,111       26,571
           Net purchases by foreign
               residents by area:
   5         Europe                                27,586        7,464
   6           Of which: United Kingdom            22,212       10,727
   7         Canada                                 2,261        3,204
   8         Caribbean financial centers (2)        7,814       17,041
   9         Latin America, excluding
               Caribbean financial centers           -329          419
  10         Asia                                  -2,533       -1,405
  11           Of which: Japan                       -700       -7,626
  12         Africa                                   -94         -119
  13         Other                                    406          -33
  14     Corporate bonds, gross purchases
           by foreign residents                   376,818      478,451
  15     Corporate bonds, gross sales by
           foreign residents                      277,180      366,208
  16     Corporate bonds, net purchases by
             foreign residents                     99,638      112,243
  17       New issues sold abroad by U.S.
             corporations                            n.a.         n.a.
  18       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
             residents, by area:
  19         Europe                                58,276       59,848
  20           Of which: United Kingdom            41,017       55,615
  21         Canada                                   569        2,447
  22         Caribbean financial centers (2)       25,280       30,358
  23         Latin America, excluding
               Caribbean financial centers          2,698        1,942
  24         Asia                                  11,815       17,522
  25           Of which: Japan                      3,212        6,161
  26         Africa                                   206         -410
  27         Other                                    794          536
  28     Federally sponsored agency bonds,
           gross purchases by foreign
           residents                              312,962      347,075
  29     Federally sponsored agency bonds,
           gross sales by foreign residents       307,468      353,144
  30     Federally sponsored agency bonds,
             net purchases by foreign
             residents                              5,494       -6,069
  31       New issues sold abroad by
             federally sponsored
             agencies (1)                            n.a.         n.a.
  32       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
               residents, by area:
  33         Europe                               -10,800        7,669
  34           Of which: United Kingdom           -10,952       11,078
  35         Canada                                 1,921        3,114
  36         Caribbean financial centers (2)       14,305        5,603
  37         Latin America, excluding
               Caribbean financial centers            750        1,837
  38         Asia                                    -589      -24,071
  39           Of which: Japan                      1,538       -7,053
  40         Africa                                  -138          -81
  41         Other                                     45         -140

 C1    U.S. Treasury bonds and notes,
           excluding transactions of
           foreign official agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           part of line 65)                       -13,105       10,847
   2     U.S. Treasury bonds and notes,
           purchases by foreign residents,      2,481,736    2,720,757
           gross
   3     U.S. Treasury hoods and notes,
           gross sales by foreign residents     2,494,841    2,709,910
         Net purchases by foreign residents,
             by area:
   4       Europe                                 -27,640        1,277
   5       Canada                                   7,659       -3,209
   6       Caribbean financial centers (2)         -2,427          752
   7       Latin America, excluding
             Caribbean financial centers            2,201        2,287
   8       Asia                                     6,771       10,017
   9       Africa                                     434           21
  10       Other                                     -103         -298

       Memoranda:

       Net purchases of marketable long-term
           U.S. securities by foreign
           official agencies included
           elsewhere in the international
           transactions accounts, net
           purchases ( ) or net sales (-)
           (lines in table 4):
   1     U.S. Treasury marketable bonds
           and notes (line B4)                     60,950       49,643
   2     Other U.S. government securities
           (line B6)                               55,226       47,749
   3     U.S. corporate and other bonds
           (part of line B16)                       5,745        8,090
   4     U.S. stocks (part of line B16)             1,149       -3,004

                                                     Not seasonally
                                                        adjusted

Line   (Credits  ; debits -) (1)                         2007

                                                   I            II

 A1    Foreign securities, net purchases (-)
           or net sales ( ) by U.S.
           residents (table 1, line 52 or
           lines 4   18 below)                    -87,206      -82,203
   2     Stocks, gross purchases by U.S.
           residents                            1,190,410    1,310,953
   3     Stocks, gross sales by U.S.
           residents                            1,146,911    1,270,568
   4     Stocks, net purchases by U.S.
             residents                             43,499      -40,385
   5       New issues in the United
             States (1)                              n.a.         n.a.
   6       Transactions in outstanding
             stocks, net                             n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
   7         Europe                               -37,756      -34,000
   8           Of which: United Kingdom           -26,372      -29,220
   9         Canada                                -1,512       -2,112
  10         Caribbean financial centers (2)        1,872       10,457
  11         Latin America, excluding
               Caribbean financial centers          2,637       -2,573
  12         Asia                                  -5,827      -10,593
  13           Of which: Japan                     -3,312       -4,650
  14         Africa                                   403         -278
  15         Other                                 -3,316       -1,286
  16     Bonds, gross purchases by U.S.
           residents                              769,858      876,229
  17     Bonds, gross sales by U.S.
           residents                              726,151      834,411
  18     Bonds, net purchases by U.S.
             residents                            -43,707       41,818
  19       New issues in the United States           n.a.         n.a.
  20       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
  21         Europe                               -45,323      -40,956
  22           Of which: United Kingdom           -27,228      -18,647
  23         Canada                                -1,704         -914
  24         Caribbean financial centers (2)        -3888       -1,301
  25         Latin America, excluding
               Caribbean financial centers             84       -5,973
  26         Asia                                   7,834           10
  27           Of which: Japan                     -1,400         -348
  28         Africa                                    60          159
  29         Other                                   -770       -3,246

 B1    U.S. securities, excluding
           transactions in U.S. Treasury
           securities and transactions of
           foreign official  agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           line 66 or lines 4   16   30
           below)                                 112,269      242,963
   2     Stocks, gross purchases by foreign
           residents                            2,131,764    2,432,593
   3     Stocks, net purchases by foreign
           residents                            2,088,309    2,328,457
   4     Stockes, net purchases by foreign
             residents                             43,455      104,136
           Net purchases by foreign
               residents by area:
   5         Europe                                26,190       53,354
   6           Of which: United Kingdom            20,309       37,594
   7         Canada                                -7,650        1,149
   8         Caribbean financial centers (2)       17,544       40,451
   9         Latin America, excluding
               Caribbean financial centers            447          617
  10         Asia                                    -457        5,973
  11           Of which: Japan                       -400       -3,767
  12         Africa                                  -115          -50
  13         Other                                  1,496        2,642
  14     Corporate bonds, gross purchases
           by foreign residents                   486,424      524,719
  15     Corporate bonds, gross sales by
           foreign residents                      381,515      415,002
  16     Corporate bonds, net purchases by
             foreign residents                    104,909      109,717
  17       New issues sold abroad by U.S.
             corporations                            n.a.         n.a.
  18       Transactions in outstanding
             bonds, net                              n a.         n.a.
           Net purchases by foreign
             residents, by area:
  19         Europe                                65,007       78,294
  20           Of which: United Kingdom           157,656       74,887
  21         Canada                                 5,285        3,268
  22         Caribbean financial centers (2)       18,158        7,808
  23         Latin America, excluding
               Caribbean financial centers            677        1,471
  24         Asia                                  12,630       16,113
  25           Of which: Japan                      2,764        6,257
  26         Africa                                    -4         -147
  27         Other                                  3,156        2,910
  28     Federally sponsored agency bonds,
           gross purchases by foreign
           residents                              358,579      404,405
  29     Federally sponsored agency bonds,
           gross sales by foreign residents       394,674      375,295
  30     Federally sponsored agency bonds,
             net purchases by foreign
             residents                            -36,095       29,110
  31       New issues sold abroad by
             federally sponsored
             agencies (1)                            n.a.         n.a.
  32       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
               residents, by area:
  33         Europe                                -6,620       25,937
  34           Of which: United Kingdom              -369       28,283
  35         Canada                                 1,576          808
  36         Caribbean financial centers (2)       -6,458       -2,785
  37         Latin America, excluding
               Caribbean financial centers            536          979
  38         Asia                                 -25,152        4,231
  39           Of which: Japan                    -12,684        3,781
  40         Africa                                    44          -21
  41         Other                                    -21          -39

 C1    U.S. Treasury bonds and notes,
           excluding transactions of
           foreign official agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           part of line 65)                        39,855       14,485
   2     U.S. Treasury bonds and notes,

           purchases by foreign residents,      3,288,303    3,401,109
           gross
   3     U.S. Treasury hoods and notes,
           gross sales by foreign residents     3,248,448    3,386,624
         Net purchases by foreign residents,
             by area:
   4       Europe                                  34,010       35,059
   5       Canada                                   2,884          230
   6       Caribbean financial centers (2)          7,856      -32,470
   7       Latin America, excluding
             Caribbean financial centers            6,016        5,033
   8       Asia                                   -11,126        5,581
   9       Africa                                    -414          815
  10       Other                                      629        2,371

       Memoranda:

       Net purchases of marketable long-term
           U.S. securities by foreign
           official agencies included
           elsewhere in the international
           transactions accounts, net
           purchases ( ) or net sales (-)
           (lines in table 4):
   1     U.S. Treasury marketable bonds
           and notes (line B4)                     15,586       25,007
   2     Other U.S. government securities
           (line B6)                               73,067       56,400
   3     U.S. corporate and other bonds
           (part of line B16)                      10,809       10,956
   4     U.S. stocks (part of line B16)               161          329

                                                     Not seasonally
                                                        adjusted

Line   (Credits  ; debits -) (1)                         2007

                                                III (r)       IV (p)

 A1    Foreign securities, net purchases (-)
           or net sales ( ) by U.S.
           residents (table 1, line 52 or
           lines 4   18 below)                   -100,220       -4,222
   2     Stocks, gross purchases by U.S.
           residents                            1,415,183    1,489,184
   3     Stocks, gross sales by U.S.
           residents                            1,358,275    1,498,977
   4     Stocks, net purchases by U.S.
             residents                            -56,908        9,793
   5       New issues in the United
             States (1)                              n.a.         n.a.
   6       Transactions in outstanding
             stocks, net                             n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
   7         Europe                               -11,305       -4,523
   8           Of which: United Kingdom            -8,008       -8,311
   9         Canada                                -1,418       -2,473
  10         Caribbean financial centers (2)      -33,655       10,591
  11         Latin America, excluding
               Caribbean financial centers         -7,094       -5,409
  12         Asia                                  -2,608       11,864
  13           Of which: Japan                       -488        6,063
  14         Africa                                -1,112         -660
  15         Other                                    284          403
  16     Bonds, gross purchases by U.S.
           residents                              810,825      652,263
  17     Bonds, gross sales by U.S.
           residents                              767,513      638,248
  18     Bonds, net purchases by U.S.
             residents                            -43,312      -14,015
  19       New issues in the United States           n.a.         n.a.
  20       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by U.S. residents,
               by area:
  21         Europe                               -56,842       -5,318
  22           Of which: United Kingdom           -45,181       -4,962
  23         Canada                                   568       -3,061
  24         Caribbean financial centers (2)          933      -16,627
  25         Latin America, excluding
               Caribbean financial centers          4,507        5,017
  26         Asia                                   6,793        6,735
  27           Of which: Japan                      3,177        4,224
  28         Africa                                   539        2,306
  29         Other                                    190       -3,067

 B1    U.S. securities, excluding
           transactions in U.S. Treasury
           securities and transactions of
           foreign official  agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           line 66 or lines 4   16   30
           below)                                 -43,128       79,780
   2     Stocks, gross purchases by foreign
           residents                            2,993,174    3,028,095
   3     Stocks, net purchases by foreign
           residents                            3,013,027    2,972,476
   4     Stockes, net purchases by foreign
             residents                            -19,853       55,619
           Net purchases by foreign
               residents by area:
   5         Europe                               -17,018       29,106
   6           Of which: United Kingdom           -12,567       23,443
   7         Canada                                 2,941        6,907
   8         Caribbean financial centers (2)      -72,847        2,240
   9         Latin America, excluding
               Caribbean financial centers            187           27
  10         Asia                                   6,716       16,902
  11           Of which: Japan                     -1,183          240
  12         Africa                                   -11         -136
  13         Other                                    179          573
  14     Corporate bonds, gross purchases
           by foreign residents                   412,734      403,627
  15     Corporate bonds, gross sales by
           foreign residents                      419,754      364,495
  16     Corporate bonds, net purchases by
             foreign residents                     -7,020       39,132
  17       New issues sold abroad by U.S.
             corporations                            n.a.         n.a.
  18       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
             residents, by area:
  19         Europe                               -26,673       -5,441
  20           Of which: United Kingdom           -15,095        3,989
  21         Canada                                 3,089          942
  22         Caribbean financial centers (2)       -2,527       17,991
  23         Latin America, excluding
               Caribbean financial centers          1,477          943
  24         Asia                                  17,463       24,934
  25           Of which: Japan                     11,791       17,689
  26         Africa                                  -173          -78
  27         Other                                    324         -159
  28     Federally sponsored agency bonds,
           gross purchases by foreign
           residents                              432,532      482,139
  29     Federally sponsored agency bonds,
           gross sales by foreign residents       448,787      497,110
  30     Federally sponsored agency bonds,
             net purchases by foreign
             residents                            -16,255      -14,971
  31       New issues sold abroad by
             federally sponsored
             agencies (1)                            n.a.         n.a.
  32       Transactions in outstanding
             bonds, net                              n.a.         n.a.
           Net purchases by foreign
               residents, by area:
  33         Europe                                14,498       19,171
  34           Of which: United Kingdom            21,793       31,315
  35         Canada                                   778         -990
  36         Caribbean financial centers (2)      -14,594        1,966
  37         Latin America, excluding
               Caribbean financial centers          1,174         -766
  38         Asia                                 -17,891      -34,841
  39           Of which: Japan                     -7,725       -5,728
  40         Africa                                   -16          -75
  41         Other                                   -204          564

 C1    U.S. Treasury bonds and notes,
           excluding transactions of
           foreign official agencies, net
           purchases ( ) or net sales (-)
           by foreign residents (table 1,
           part of line 65)                        34,619       47,560
   2     U.S. Treasury bonds and notes,
           purchases by foreign residents,      3,991,896    3,623,763
           gross
   3     U.S. Treasury hoods and notes,
           gross sales by foreign residents     3,957,277    3,576,203
         Net purchases by foreign residents,
             by area:
   4       Europe                                  57,479      268,871
   5       Canada                                  -7,409        1,419
   6       Caribbean financial centers (2)         11,604       16,829
   7       Latin America, excluding
             Caribbean financial centers            4,617        8,847
   8       Asia                                   -31,043       -6,178
   9       Africa                                     190          927
  10       Other                                     -819       -1,171

       Memoranda:

       Net purchases of marketable long-term
           U.S. securities by foreign
           official agencies included
           elsewhere in the international
           transactions accounts, net
           purchases ( ) or net sales (-)
           (lines in table 4):
   1     U.S. Treasury marketable bonds
           and notes (line B4)                    -29,138       18,894
   2     Other U.S. government securities
           (line B6)                               29,354       23,131
   3     U.S. corporate and other bonds
           (part of line B16)                       9,184       20,653
   4     U.S. stocks (part of line B16)             1,287       13,338

See the footnotes on pages 72-73.

Table 8. Claims on and Liabilities to Unaffiliated Foreigners Reported
by U.S. Nonbanking Concerns Except Securities Brokers (1)

[Millions of dollars]

Line   (Credits  ; decrease in U.S. assets
       or increase in U.S. liabilities.         2006        2007 (p)
       Debits -; increase in U.S. assets
       or decrease in U.S. liabilities.)

 A1    Claims, total (table 1, line 53)          -83,531        15,819

   2     Financial claims                        -79,817        25,404
   3         Denominated in U.S. dollars         -80,686        61,523
   4         Denominated in foreign
               currencies                            869       -36,119
           By instrument: (2)
   5         Resale agreements                   -15,007         5,627
   6         Negotiable certificates of
               deposit                                50           -16
   7         Other short-term instruments
               (including money market
               instruments)                       -5,022         2,630
   8         Deposits                            -67,671      -111,915
   9         Other claims                          7,833       129,078
  10         Of which: Financial
               intermediaries'
               accounts (3)                       -9,670       135,327
           By area:
  11         Europe                             -102,182       -49,091
               Of which
  12             United Kingdom                  -46,867       -17,561
  13             Germany                          10,028         9,846
  14         Caribbean financial
               centers (4)                        16,970        61,928
  15         Other                                 5,395        12,567

  16     Commercial claims                        -3,714        -9,585
  17         Denominated in U.S. dollars          -3,151        -9,100
  18         Denominated in foreign
               currencies                           -563          -485
           By instrument:
  19         Trade receivables                    -3,511        -9,748
  20         Advance payments and other
               claims                               -203           163
           By area:
  21         Europe                               -1,980        -1,858
  22         Canada                                 -661        -1,725
  23         Asia                                   -904        -4,257
  24         Other                                  -169        -1,745

 B1    Liabilities, total (table 1, line 68)     235,769       166,579

   2     Financial liabilities                   232,694       151,319
   3         Denominated in U.S. dollars         210,318        98,320
   4         Denominated in foreign
               currencies                         22,376        52,999
           By instrument: (2)
   5         Repurchase agreements                   477       -11,559
   6         Short-term instruments               -1,360        -2,748
   7         Other liabilities                   233,577       165,626
   8           Of which: Financial
                 intermediaries'
                 accounts (3)                     34,429        17,418
           By area:
   9         Europe                              251,940       122,830
               Of which:
  10             United Kingdom                  157,012        68,486
  11             Germany                          17,729            36
  12         Caribbean financial
               centers (4)                       -10,559        26,183
  13         Other                                -8,687         2,306

  14     Commercial claims                         3,075        15,260
  15         Denominated in U.S. dollars           2,676        15,514
  16         Denominated in foreign
               currencies                            399          -254
           By instrument:
  17         Trade receivables                     2,710         2,481
  18         Advance payments and other
               claims                                365        12,779
           By area:
  19         Europe                                  453         4,222
  20         Canada                                1,347         1,919
  21         Asia                                  1,274         4,492
  22         Other                                     1         4,627

                                                   Not seasonally
                                                      adjusted
Line   (Credits  ; decrease in U.S. assets
       or increase in U.S. liabilities.                 2006
       Debits -; increase in U.S. assets
       or decrease in U.S. liabilities.)          I            II

 A1    Claims, total (table 1, line 53)          -24,302       -45,885

   2     Financial claims                        -22,902       -44,456
   3         Denominated in U.S. dollars         -21,278       -36,824
   4         Denominated in foreign
               currencies                         -1,624        -7,632
           By instrument: (2)

   5         Resale agreements                     1,893        -4,326
   6         Negotiable certificates of
               deposit                                63           -16
   7         Other short-term instruments
               (including money market
               instruments)                          756          -397
   8         Deposits                            -27,750       -48,203
   9         Other claims                          2,136         8,486
  10         Of which: Financial
               intermediaries'
               accounts (3)                       -5,852         3,135
           By area:
  11         Europe                              -43,141       -40,153
               Of which
  12             United Kingdom                  -26,547       -33,389
  13             Germany                           2,024         5,554
  14         Caribbean financial
               centers (4)                        16,580        -3,574
  15         Other                                 3,659          -729

  16     Commercial claims                        -1,400        -1,429
  17         Denominated in U.S. dollars            -969        -2,092
  18         Denominated in foreign
               currencies                           -431           663
           By instrument:
  19         Trade receivables                    -1,264        -1,585
  20         Advance payments and other
               claims                               -136           156
           By area:
  21         Europe                               -2,376           500
  22         Canada                                  431          -396
  23         Asia                                    887          -950
  24         Other                                  -342          -583

 B1    Liabilities, total (table 1, line 68)      60,613        55,907

   2     Financial liabilities                    56,932        52,732
   3         Denominated in U.S. dollars          51,988        41,877
   4         Denominated in foreign
               currencies                          4,944        10,855
           By instrument: (2)
   5         Repurchase agreements                    92       -10,770
   6         Short-term instruments               -3,427           720
   7         Other liabilities                    60,267        62,782
   8           Of which: Financial
                 intermediaries'
                 accounts (3)                     14,643           297
           By area:
   9         Europe                               85,505        43,327
               Of which:
  10             United Kingdom                   73,045        42,836
  11             Germany                          -2,935         4,563
  12         Caribbean financial
               centers (4)                       -29,360         8,126
  13         Other                                   787         1,279

  14     Commercial claims                         3,681         3,175
  15         Denominated in U.S. dollars           3,596         2,774
  16         Denominated in foreign
               currencies                             65           401
           By instrument:
  17         Trade receivables                     3,133         3,025
  18         Advance payments and other
               claims                                548           150
           By area:
  19         Europe                                  788           200
  20         Canada                                  478           749
  21         Asia                                  2,512           366
  22         Other                                   -97         1,860

                                                   Not seasonally
                                                      adjusted
Line   (Credits  ; decrease in U.S. assets
       or increase in U.S. liabilities.                 2006
       Debits -; increase in U.S. assets
       or decrease in U.S. liabilities.)         III           IV

 A1    Claims, total (table 1, line 53)          -29,162        15,818

   2     Financial claims                        -29,552        17,093
   3         Denominated in U.S. dollars         -33,408        10,824
   4         Denominated in foreign
               currencies                          3,856         6,269
           By instrument: (2)
   5         Resale agreements                   -12,229          -345
   6         Negotiable certificates of
               deposit                                 6            -3
   7         Other short-term instruments
               (including money market
               instruments)                       -8,861         3,480
   8         Deposits                             -6,922        15,204
   9         Other claims                         -1,546        -1,243
  10         Of which: Financial
               intermediaries'
               accounts (3)                       -2,319        -4,634
           By area:
  11         Europe                              -46,206        27,318
               Of which
  12             United Kingdom                  -38,566        51,635
  13             Germany                          -6,043         8,493
  14         Caribbean financial
               centers (4)                        18,502       -14,538
  15         Other                                -1,848         4,313

  16     Commercial claims                           390        -1,275
  17         Denominated in U.S. dollars             629          -719
  18         Denominated in foreign
               currencies                           -239          -556
           By instrument:
  19         Trade receivables                       675        -1,337
  20         Advance payments and other
               claims                               -285            62
           By area:
  21         Europe                                  -93           -11
  22         Canada                                  222          -918
  23         Asia                                   -176          -665
  24         Other                                   437           319

 B1    Liabilities, total (table 1, line 68)      69,637        49,612

   2     Financial liabilities                    70,666        52,364
   3         Denominated in U.S. dollars          67,109        49,344
   4         Denominated in foreign
               currencies                          3,557         3,020
           By instrument: (2)
   5         Repurchase agreements                 9,005         2,150
   6         Short-term instruments                1,399           -52
   7         Other liabilities                    60,262        50,266
   8           Of which: Financial
                 intermediaries'
                 accounts (3)                      3,022        16,467
           By area:
   9         Europe                               61,936        61,172
               Of which:
  10             United Kingdom                   33,574         7,557
  11             Germany                           3,070        13,031
  12         Caribbean financial
               centers (4)                         6,949         3,726
  13         Other                                 1,781       -12,534

  14     Commercial claims                        -1,029        -2,752
  15         Denominated in U.S. dollars            -804        -2,890
  16         Denominated in foreign
               currencies                           -225           138
           By instrument:
  17         Trade receivables                      -549        -2,899
  18         Advance payments and other
               claims                               -480           147
           By area:
  19         Europe                                  103          -638
  20         Canada                                  -50           170
  21         Asia                                   -308        -1,296
  22         Other                                  -774          -988

                                                   Not seasonally
                                                      adjusted
Line   (Credits  ; decrease in U.S. assets
       or increase in U.S. liabilities.                 2007
       Debits -; increase in U.S. assets
       or decrease in U.S. liabilities.)          I            II

 A1    Claims, total (table 1, line 53)          -47,830       -93,976

   2     Financial claims                        -46,716       -89,678
   3         Denominated in U.S. dollars         -27,576       -69,797
   4         Denominated in foreign
               currencies                        -19,140       -20,081
           By instrument: (2)
   5         Resale agreements                    -4,750         4,013
   6         Negotiable certificates of
               deposit                                 9           -14
   7         Other short-term instruments
               (including money market
               instruments)                        2,335          -778
   8         Deposits                            -39,538       -82,595
   9         Other claims                         -4,772       -10,504
  10         Of which: Financial
               intermediaries'
               accounts (3)                          610        -6,895
           By area:
  11         Europe                              -41,616       -25,322
               Of which
  12             United Kingdom                  -18,773       -34,949
  13             Germany                           6,169        -2,324
  14         Caribbean financial
               centers (4)                       -10,800       -62,352
  15         Other                                 5,700        -2,204

  16     Commercial claims                        -1,114        -4,098
  17         Denominated in U.S. dollars          -1,497        -4,249
  18         Denominated in foreign
               currencies                            383           151
           By instrument:
  19         Trade receivables                      -808        -3,702
  20         Advance payments and other
               claims                               -306          -396
           By area:
  21         Europe                                 -768        -1,268
  22         Canada                                  534        -1,179
  23         Asia                                    212        -1,626
  24         Other                                -1,092           -25

 B1    Liabilities, total (table 1, line 68)      93,624       110,172

   2     Financial liabilities                    91,478        96,829
   3         Denominated in U.S. dollars          78,604        85,673
   4         Denominated in foreign
               currencies                         12,874        13,156
           By instrument: (2)
   5         Repurchase agreements                 2,430         3,767
   6         Short-term instruments               -3,949          -953
   7         Other liabilities                    92,997        96,015
   8           Of which: Financial
                 intermediaries'
                 accounts (3)                     15,817        -1,857
           By area:
   9         Europe                               90,269        60,585
               Of which:
  10             United Kingdom                   60,665        65,323
  11             Germany                          -9,371        10,174
  12         Caribbean financial
               centers (4)                         1,987        35,546
  13         Other                                  -778         2,698

  14     Commercial claims                         2,146        11,343
  15         Denominated in U.S. dollars           1,850        11,524
  16         Denominated in foreign
               currencies                            296          -181
           By instrument:
  17         Trade receivables                     1,514         1,498
  18         Advance payments and other
               claims                                632         9,845
           By area:
  19         Europe                                  803         3,105
  20         Canada                                  432           596
  21         Asia                                    -31         5,226
  22         Other                                   942         2,416

                                                   Not seasonally
                                                      adjusted
Line   (Credits  ; decrease in U.S. assets
       or increase in U.S. liabilities.                 2007
       Debits -; increase in U.S. assets
       or decrease in U.S. liabilities.)       III (r)       IV (p)

 A1    Claims, total (table 1, line 53)           86,817        70,808

   2     Financial claims                         86,923        75,075
   3         Denominated in U.S. dollars          80,504        78,392
   4         Denominated in foreign
               currencies                          6,419        -3,317
           By instrument: (2)
   5         Resale agreements                     1,592         4,772
   6         Negotiable certificates of
               deposit                                 6           -17
   7         Other short-term instruments
               (including money market
               instruments)                          955           118
   8         Deposits                             -6,914        19,132
   9         Other claims                         93,284        51,070
  10         Of which: Financial
               intermediaries'
               accounts (3)                       92,067        49,545
           By area:
  11         Europe                                7,228        10,619
               Of which
  12             United Kingdom                   29,244         6,917
  13             Germany                           1,749         4,252
  14         Caribbean financial
               centers (4)                        73,181        61,899
  15         Other                                 6,514         2,557

  16     Commercial claims                          -106          -267
  17         Denominated in U.S. dollars            -492        -2,862
  18         Denominated in foreign
               currencies                            386        -1,405
           By instrument:
  19         Trade receivables                      -388        -4,850
  20         Advance payments and other
               claims                                282           583
           By area:
  21         Europe                                  324          -146
  22         Canada                                  529        -1,609
  23         Asia                                   -474        -2,369
  24         Other                                  -485          -143

 B1    Liabilities, total (table 1, line 68)      56,094       -93,311

   2     Financial liabilities                    52,353       -91,341
   3         Denominated in U.S. dollars          41,744      -107,701
   4         Denominated in foreign
               currencies                         10,609        16,360
           By instrument: (2)
   5         Repurchase agreements               -10,195        -7,561
   6         Short-term instruments                1,939           215
   7         Other liabilities                    60,609       -83,995
   8           Of which: Financial
                 intermediaries'
                 accounts (3)                     41,745       -38,287
           By area:
   9         Europe                               51,581       -79,605
               Of which:
  10             United Kingdom                  -16,093       -41,409
  11             Germany                           1,622        -2,389
  12         Caribbean financial
               centers (4)                          -455       -10,895
  13         Other                                 1,227          -841

  14     Commercial claims                         3,741        -1,970
  15         Denominated in U.S. dollars           4,457        -2,317
  16         Denominated in foreign
               currencies                           -716           347
           By instrument:
  17         Trade receivables                       948        -1,479
  18         Advance payments and other
               claims                              2,793          -491
           By area:
  19         Europe                                   81           233
  20         Canada                                -4T7          1,368
  21         Asia                                  2,733        -3,436
  22         Other                                 1,404          -135

Line   (Credits  ; decrease in U.S. assets       Amounts
       or increase in U.S. liabilities.        outstanding
       Debits -; increase in U.S. assets        Dec. 31,
       or decrease in U.S. liabilities.)          2007

 A1    Claims, total (table 1, line 53)          1,135,223

   2     Financial claims                        1,067,184
   3         Denominated in U.S. dollars           880,371
   4         Denominated in foreign
               currencies                          206,813
           By instrument: (2)
   5         Resale agreements                      12,875
   6         Negotiable certificates of
               deposit                                  31
   7         Other short-term instruments
               (including money market
               instruments)                          1,214
   8         Deposits                              731,321
   9         Other claims                          341,743
  10         Of which: Financial
               intermediaries'
               accounts (3)                        297,774
           By area:
  11         Europe                                732,216
               Of which
  12             United Kingdom                    387,555
  13             Germany                            46,298
  14         Caribbean financial
               centers (4)                         310,534
  15         Other                                  44,434

  16     Commercial claims                          48,039
  17         Denominated in U.S. dollars            42,998
  18         Denominated in foreign
               currencies                            5,041
           By instrument:
  19         Trade receivables                      41,441
  20         Advance payments and other
               claims                                6,598
           By area:
  21         Europe                                 16,680
  22         Canada                                  5,211
  23         Asia                                   15,420
  24         Other                                  10,728

 B1    Liabilities, total (table 1, line 68)       865,050

   2     Financial liabilities                     809,168
   3         Denominated in U.S. dollars           609,145
   4         Denominated in foreign
               currencies                          200,023
           By instrument: (2)
   5         Repurchase agreements                   7,625
   6         Short-term instruments                  4,923
   7         Other liabilities                     796,620
   8           Of which: Financial
                 intermediaries'
                 accounts (3)                      101,596
           By area:
   9         Europe                                731,565
               Of which:
  10             United Kingdom                    393,605
  11             Germany                            97,998
  12         Caribbean financial
               centers (4)                          59,659
  13         Other                                  17,944

  14     Commercial claims                          55,882
  15         Denominated in U.S. dollars            52,652
  16         Denominated in foreign
               currencies                            3,230
           By instrument:
  17         Trade receivables                      27,868
  18         Advance payments and other
               claims                               28,014
           By area:
  19         Europe                                 15,329
  20         Canada                                  5,643
  21         Asia                                   23,424
  22         Other                                  11,486

Table 9. Claims on Foreigners Reported by U.S. Banks and Securities
Brokers (1)

[Millions of dollars]

Line     (Credits  ; decrease in U.S. assets.    2006        2007 (p)
         Debits-; increase in U.S. assets.)

   1   Claims reported by U.S. banks and         -454,585     -589,831
         securities brokers, total
         (table 1, line 54)

   2     Claims for own accounts                 -303,118     -524,287
   3       Denominated in dollars                -294,861     -496,978
             By instrument: (2)
   4           Resale agreements                  -45,266     -136,679
   5           Negotiable certificates
                 of deposit                        -3,819          403
   6           Other short-term instruments
                 (including money market
                 instruments)                      -1,938       -9,142
   7           Deposits and brokerage
                 balances                        -175,530      -43,239
   8           Other claims (including loans)     -68,308     -308,321
             By foreign borrower:
               Claims on:
   9             Foreign banks                   -221,938     -400,286
  10             Foreign nonbanks,
                   excluding foreign
                   official institutions          -46,424      -85,067
  11             Foreign official
                   institutions (3)               -26,499      -11,625
             By type of U.S. reporting
                 institution: (4)
  12           U.S.-owned banks' claims on:
                 Foreign banks                    -33,323      -78,940
  13             Foreign nonbanks and
                   foreign official
                   institutions                   -27,206      -34,126
               Foreign-owned banks'
                   claims on:
  14             Foreign banks                   -184,512     -227,550
  15             Foreign nonbanks and
                   foreign official
                   institutions                    -3,784      -28,137
               Brokers' and dealers'
                   claims on:
  16             Foreign banks                     -4,103      -93,796
  17             Foreign nonbanks and
                   foreign official
                   institutions                   -41,933      -34,429
  18       Denominated in foreign currencies       -8,257      -27,309
             By instrument: (2)
  19           Deposits and brokerage
                 balances                           3,803      -12,065
  20           Other claims (including
                 loans)                           -12,060      -15,244
  21     Claims for customers' accounts          -151,467      -65,544
  22       Denominated in dollars                -142,843      -57,827
             By instruments: (2)
  23           Commercial paper (5)               -18,257        4,472
  24           Negotiable certificates of         -79,146       23,468
                 deposit
  25           Other short-term instruments
                 (including money market
                 instruments) (6)                 -28,534       18,386
  26           Deposits and brokerage
                 balances (including
                 sweep accounts) (7)              -14,420     -102,480
  27           Other claims                        -2,486       -1,673
  28       Denominated in foreign currencies       -8,624       -7,717
             By instrument: (2)
  29           Deposits and brokerage
                 balances                         -14,235      -10,653
  30           Other claims                         5,611        2,936

       Claims, total (line 1), by area:
  31     Europe                                  -221,524     -437,488
           Of which:
  32         United Kingdom                      -182,245     -180,856
  33         Switzerland                           45,472      -82,609
  34     Canada                                   -19,299      -25,921
  35     Caribbean financial centers (8)         -154,660     -116,614
  36     Latin America, excluding Caribbean
           financial centers                       -8,202      -27,328
  37     Asia                                     -39,544       40,277
  38       Of which: Japan                        -43,552       61,842
  39     Africa                                    -1,413       -5,921
  40     Other                                     -9,943      -16,836

       Memoranda:
   1   International banking facilities'
           (IBFs) own claims, denominated
           in dollars (inlines 1-15 above)        -76,876     -119,277
         By bank ownership: (4)
   2       U.S.-owned IBFs                         -7,437      -38,715
   3       Foreign-owned IBFs                     -69,439      -80,562

                                                     Not seasonally
                                                        adjusted

Line     (Credits  ; decrease in U.S. assets.            2006
         Debits-; increase in U.S. assets.)
                                                   I            II

   1   Claims reported by U.S. banks and         -197,097      -54,791
         securities brokers, total
         (table 1, line 54)

   2     Claims for own accounts                 -144,141      -46,272
   3       Denominated in dollars                -135,112       -5,506
             By instrument: (2)
   4           Resale agreements                  -37,433       40,272
   5           Negotiable certificates
                 of deposit                         1,566       -1,023
   6           Other short-term instruments
                 (including money market
                 instruments)                      -2,507        1,266
   7           Deposits and brokerage
                 balances                         -84,486      -51,660
   8           Other claims (including loans)     -12,252        5,639
             By foreign borrower:
               Claims on:
   9             Foreign banks                   -108,747      -24,221
  10             Foreign nonbanks,
                   excluding foreign
                   official institutions          -29,140       33,251
  11             Foreign official
                   institutions (3)                 2,775      -14,536
             By type of U.S. reporting
                 institution: (4)
  12           U.S.-owned banks' claims on:
                 Foreign banks                    -33,697      -46,009
  13             Foreign nonbanks and
                   foreign official
                   institutions                   -13,343        2,787
               Foreign-owned banks'
                   claims on:
  14             Foreign banks                    -46,663       12,411
  15             Foreign nonbanks and
                   foreign official
                   institutions                    -3,989       -9,500
               Brokers' and dealers'
                   claims on:
  16             Foreign banks                    -28,387        9,377
  17             Foreign nonbanks and
                   foreign official
                   institutions                    -9,033       25,428
  18       Denominated in foreign currencies       -9,029        5,160
             By instrument: (2)
  19           Deposits and brokerage
                 balances                          -4,564        3,055
  20           Other claims (including
                 loans)                            -4,465        2,105
  21     Claims for customers' accounts           -52,956      -54,445
  22       Denominated in dollars                 -42,741      -36,789
             By instruments: (2)
  23           Commercial paper (5)               -15,499        3,070
  24           Negotiable certificates of            -731      -17,773
                 deposit
  25           Other short-term instruments
                 (including money market
                 instruments) (6)                  -2,872       -1,342
  26           Deposits and brokerage
                 balances (including
                 sweep accounts) (7)              -22,444      -17,596
  27           Other claims                        -1,195       -3,148
  28       Denominated in foreign currencies      -10,215      -17,656
             By instrument: (2)
  29           Deposits and brokerage
                 balances                          -2,697       -1,555
  30           Other claims                        -7,518      -16,101

       Claims, total (line 1), by area:
  31     Europe                                  -130,560       35,126
           Of which:
  32         United Kingdom                       -83,656       12,312
  33         Switzerland                          -19,046       50,698
  34     Canada                                      -766      -14,591
  35     Caribbean financial centers (8)          -73,934      -59,843
  36     Latin America, excluding Caribbean
           financial centers                       -1,058       -2,263
  37     Asia                                      14,139      -14,147
  38       Of which: Japan                          2,394       -1,429
  39     Africa                                      -661         -103
  40     Other                                     -4,257        1,030

       Memoranda:
   1   International banking facilities'
           (IBFs) own claims, denominated
           in dollars (inlines 1-15 above)        -40,223       -9,761
         By bank ownership: (4)
   2       U.S.-owned IBFs                        -13,622      -33,294
   3       Foreign-owned IBFs                     -26,601       23,533

                                                     Not seasonally
                                                        adjusted

Line     (Credits  ; decrease in U.S. assets.            2006
         Debits-; increase in U.S. assets.)
                                                  III           IV

   1   Claims reported by U.S. banks and          -78,798     -123,899
         securities brokers, total
         (table 1, line 54)

   2     Claims for own accounts                  -36,207     -122,424
   3       Denominated in dollars                 -46,157     -108,086
             By instrument: (2)
   4           Resale agreements                  -26,844      -21,261
   5           Negotiable certificates
                 of deposit                          -919       -3,443
   6           Other short-term instruments
                 (including money market
                 instruments)                         725       -1,422
   7           Deposits and brokerage
                 balances                            -887      -38,497
   8           Other claims (including loans)     -18,232      -43,463
             By foreign borrower:
               Claims on:
   9             Foreign banks                    -36,663      -52,307
  10             Foreign nonbanks,
                   excluding foreign
                   official institutions            3,141      -53,676
  11             Foreign official
                   institutions (3)               -12,635       -2,103
             By type of U.S. reporting
                 institution: (4)
  12           U.S.-owned banks' claims on:
                 Foreign banks                     41,700        4,683
  13             Foreign nonbanks and
                   foreign official
                   institutions                   -10,491       -6,159
               Foreign-owned banks'
                   claims on:
  14             Foreign banks                    -60,237      -90,023
  15             Foreign nonbanks and
                   foreign official
                   institutions                     6,109        3,596
               Brokers' and dealers'
                   claims on:
  16             Foreign banks                    -18,126       33,033
  17             Foreign nonbanks and
                   foreign official
                   institutions                    -5,112      -53,216
  18       Denominated in foreign currencies        9,950      -14,338
             By instrument: (2)
  19           Deposits and brokerage
                 balances                           8,716       -3,404
  20           Other claims (including
                 loans)                             1,234      -10,934
  21     Claims for customers' accounts           -42,591       -1,475
  22       Denominated in dollars                 -42,856      -20,457
             By instruments: (2)
  23           Commercial paper (5)               -17,241       11,413
  24           Negotiable certificates of         -32,057      -28,585
                 deposit
  25           Other short-term instruments
                 (including money market
                 instruments) (6)                 -18,562       -5,758
  26           Deposits and brokerage
                 balances (including
                 sweep accounts) (7)               24,356        1,264
  27           Other claims                           648        1,209
  28       Denominated in foreign currencies          265       18,982
             By instrument: (2)
  29           Deposits and brokerage
                 balances                          -8,397       -1,586
  30           Other claims                         8,662       20,568

       Claims, total (line 1), by area:
  31     Europe                                   -75,544      -50,546
           Of which:
  32         United Kingdom                       -28,511      -82,390
  33         Switzerland                          -17,535       31,355
  34     Canada                                     5,780       -9,722
  35     Caribbean financial centers (8)           29,075      -49,958
  36     Latin America, excluding Caribbean
           financial centers                          969       -5,850
  37     Asia                                     -33,610       -5,926
  38       Of which: Japan                        -25,617      -18,900
  39     Africa                                        -8         -641
  40     Other                                     -5,460       -1,256

       Memoranda:
   1   International banking facilities'
           (IBFs) own claims, denominated
           in dollars (inlines 1-15 above)        -13,008      -13,884
         By bank ownership: (4)
   2       U.S.-owned IBFs                         30,613        8,866
   3       Foreign-owned IBFs                     -43,621      -22,750

                                                     Not seasonally
                                                        adjusted

Line     (Credits  ; decrease in U.S. assets.            2007
         Debits-; increase in U.S. assets.)
                                                   I            II

   1   Claims reported by U.S. banks and         -233,384     -210,964
         securities brokers, total
         (table 1, line 54)

   2     Claims for own accounts                 -216,542     -125,038
   3       Denominated in dollars                -219,594     -109,917
             By instrument: (2)
   4           Resale agreements                  -75,662      -54,991
   5           Negotiable certificates
                 of deposit                        -3,561          513
   6           Other short-term instruments
                 (including money market
                 instruments)                         691       -2,293
   7           Deposits and brokerage
                 balances                         -66,840       -5,283
   8           Other claims (including loans)     -74,222      -47,863
             By foreign borrower:
               Claims on:
   9             Foreign banks                   -187,562      -52,171
  10             Foreign nonbanks,
                   excluding foreign
                   official institutions          -37,274      -54,272
  11             Foreign official
                   institutions (3)                 5,242       -3,474
             By type of U.S. reporting
                 institution: (4)
  12           U.S.-owned banks' claims on:
                 Foreign banks                    -24,805       -8,697
  13             Foreign nonbanks and
                   foreign official
                   institutions                    -7,279      -23,058
               Foreign-owned banks'
                   claims on:
  14             Foreign banks                   -108,203      -18,792
  15             Foreign nonbanks and
                   foreign official
                   institutions                    -8,926       -3,163
               Brokers' and dealers'
                   claims on:
  16             Foreign banks                    -54,554      -24,682
  17             Foreign nonbanks and
                   foreign official
                   institutions                   -15,827      -31,525
  18       Denominated in foreign currencies        3,052      -15,121
             By instrument: (2)
  19           Deposits and brokerage
                 balances                          -3,662       -5,252
  20           Other claims (including
                 loans)                             6,714       -9,869
  21     Claims for customers' accounts           -16,842      -85,926
  22       Denominated in dollars                  -1,674      -83,012
             By instruments: (2)
  23           Commercial paper (5)                 7,793       -5,765
  24           Negotiable certificates of          15,222      -32,420
                 deposit
  25           Other short-term instruments
                 (including money market
                 instruments) (6)                  -9,474      -31,826
  26           Deposits and brokerage
                 balances (including
                 sweep accounts) (7)              -13,161      -12,785
  27           Other claims                        -2,054         -216
  28       Denominated in foreign currencies      -15,168       -2,914
             By instrument: (2)
  29           Deposits and brokerage
                 balances                         -16,396       -3,229
  30           Other claims                         1,228          315

       Claims, total (line 1), by area:
  31     Europe                                  -183,674     -123,962
           Of which:
  32         United Kingdom                       -58,020      -66,100
  33         Switzerland                          -57,427      -11,519
  34     Canada                                    -2,356      -23,688
  35     Caribbean financial centers (8)          -59,034      -45,019
  36     Latin America, excluding Caribbean
           financial centers                       -4,071       -5,946
  37     Asia                                      18,585       -7,436
  38       Of which: Japan                         21,061        5,107
  39     Africa                                       496          277
  40     Other                                     -3,330       -5,190

       Memoranda:
   1   International banking facilities'
           (IBFs) own claims, denominated
           in dollars (inlines 1-15 above)        -94,936       12,964
         By bank ownership: (4)
   2       U.S.-owned IBFs                        -22,159          559
   3       Foreign-owned IBFs                     -72,777       12,405

                                                     Not seasonally
                                                        adjusted

Line     (Credits  ; decrease in U.S. assets.            2007
         Debits-; increase in U.S. assets.)
                                                III (r)       IV (p)

   1   Claims reported by U.S. banks and         -102,522       42,961
         securities brokers, total
         (table 1, line 54)

   2     Claims for own accounts                  -73,024     -109,683
   3       Denominated in dollars                 -75,228      -92,239
             By instrument: (2)
   4           Resale agreements                  -49,384       43,358
   5           Negotiable certificates
                 of deposit                         3,328          123
   6           Other short-term instruments
                 (including money market
                 instruments)                      -2,151       -5,389
   7           Deposits and brokerage
                 balances                          63,303      -34,419
   8           Other claims (including loans)     -90,324      -95,912
             By foreign borrower:
               Claims on:
   9             Foreign banks                    -75,473      -85,080
  10             Foreign nonbanks,
                   excluding foreign
                   official institutions           -9,449       15,928
  11             Foreign official
                   institutions (3)                 9,694      -23,087
             By type of U.S. reporting
                 institution: (4)
  12           U.S.-owned banks' claims on:
                 Foreign banks                      2,949      -48,387
  13             Foreign nonbanks and
                   foreign official
                   institutions                    -1,765       -2,024
               Foreign-owned banks'
                   claims on:
  14             Foreign banks                    -35,029      -65,526
  15             Foreign nonbanks and
                   foreign official
                   institutions                    -9,048       -7,000
               Brokers' and dealers'
                   claims on:
  16             Foreign banks                    -43,393       28,833
  17             Foreign nonbanks and
                   foreign official
                   institutions                    11,058        1,865
  18       Denominated in foreign currencies        2,204      -17,444
             By instrument: (2)
  19           Deposits and brokerage
                 balances                           1,039       -4,190
  20           Other claims (including
                 loans)                             1,165      -13,254
  21     Claims for customers' accounts           -29,498       66,722
  22       Denominated in dollars                 -34,403       61,262
             By instruments: (2)
  23           Commercial paper (5)                 6,074       -3,630
  24           Negotiable certificates of         -14,315       54,981
                 deposit
  25           Other short-term instruments
                 (including money market
                 instruments) (6)                  18,526       41,160
  26           Deposits and brokerage
                 balances (including
                 sweep accounts) (7)              -35,610      -40,924
  27           Other claims                        -9,078        9,675
  28       Denominated in foreign currencies        4,905        5,460
             By instrument: (2)
  29           Deposits and brokerage
                 balances                           7,184        1,788
  30           Other claims                        -2,279        3,672

       Claims, total (line 1), by area:
  31     Europe                                  -132,511        2,659
           Of which:
  32         United Kingdom                      -107,075       50,339
  33         Switzerland                           -5,066       -8,597
  34     Canada                                    -5,182        5,305
  35     Caribbean financial centers (8)            6,781      -19,342
  36     Latin America, excluding Caribbean
           financial centers                      -15,379       -1,932
  37     Asia                                      48,207      -19,079
  38       Of which: Japan                         27,028        8,646
  39     Africa                                      -392       -6,302
  40     Other                                     -4,046       -4,270

       Memoranda:
   1   International banking facilities'
           (IBFs) own claims, denominated
           in dollars (inlines 1-15 above)         28,542      -65,847
         By bank ownership: (4)
   2       U.S.-owned IBFs                         20,280      -37,395
   3       Foreign-owned IBFs                       8,262      -28,452

                                                  Amounts
Line     (Credits  ; decrease in U.S. assets.   outstanding
         Debits-; increase in U.S. assets.)      Dec. 31,
                                                   2007

   1   Claims reported by U.S. banks and          3,741,517
         securities brokers, total
         (table 1, line 54)

   2     Claims for own accounts                  2,954,170
   3       Denominated in dollars                 2,785,598
             By instrument: (2)
   4           Resale agreements                    800,427
   5           Negotiable certificates
                 of deposit                           5,830
   6           Other short-term instruments
                 (including money market
                 instruments)                        18,092
   7           Deposits and brokerage
                 balances                           972,092
   8           Other claims (including loans)       989,157
             By foreign borrower:
               Claims on:
   9             Foreign banks                    2,074,145
  10             Foreign nonbanks,
                   excluding foreign
                   official institutions            592,993
  11             Foreign official
                   institutions (3)                 118,460
             By type of U.S. reporting
                 institution: (4)
  12           U.S.-owned banks' claims on:
                 Foreign banks                      538,527
  13             Foreign nonbanks and
                   foreign official
                   institutions                     127,424
               Foreign-owned banks'
                   claims on:
  14             Foreign banks                    1,253,947
  15             Foreign nonbanks and
                   foreign official
                   institutions                     110,381
               Brokers' and dealers'
                   claims on:
  16             Foreign banks                      281,671
  17             Foreign nonbanks and
                   foreign official
                   institutions                     473,648
  18       Denominated in foreign currencies        168,572
             By instrument: (2)
  19           Deposits and brokerage
                 balances                            73,199
  20           Other claims (including
                 loans)                              95,373
  21     Claims for customers' accounts             787,347
  22       Denominated in dollars                   710,795
             By instruments: (2)
  23           Commercial paper (5)                 130,396
  24           Negotiable certificates of           130,467
                 deposit
  25           Other short-term instruments
                 (including money market
                 instruments) (6)                    45,915
  26           Deposits and brokerage
                 balances (including
                 sweep accounts) (7)                380,649
  27           Other claims                          23,368
  28       Denominated in foreign currencies         76,552
             By instrument: (2)
  29           Deposits and brokerage
                 balances                            50,263
  30           Other claims                          26,289

       Claims, total (line 1), by area:
  31     Europe                                   2,030,158
           Of which:
  32         United Kingdom                       1,125,076
  33         Switzerland                            200,804
  34     Canada                                     139,462
  35     Caribbean financial centers (8)          1,212,846
  36     Latin America, excluding Caribbean
           financial centers                         89,957
  37     Asia                                       198,850
  38       Of which: Japan                           96,262
  39     Africa                                       8,669
  40     Other                                       61,575

       Memoranda:
   1   International banking facilities'
           (IBFs) own claims, denominated
           in dollars (inlines 1-15 above)          644,184
         By bank ownership: (4)
   2       U.S.-owned IBFs                          103,022
   3       Foreign-owned IBFs                       541,162

Table 10. Liabilities to Foreigners, Except Foreign Official
Agencies, Reported by U.S. Banks and Securities Brokers (1)

[Millions of dollars]

Line          (Credits  ; increase in U.S.        2006       2007 (p)
           liabilities. Debits-; decrease in
                  U.S. liabilities.)

   1   Liabilities reported by U.S. banks
           and securities brokers, total
           (table 1, part of line 65 and
           table 1, line 69)                       447,952     540,666
   2     U.S. Treasury bills and certificates
           (table 1, part of line 65)               13,559      29,782
   3     Other U.S. liabilities, total
             (table 1, line 69)                    434,393     510,884
   4       Liabilities for own accounts            275,152     431,554
   5         Denominated in dollars                252,173     354,926
               By instrument: (2)
   6             Repurchase agreements              41,036      25,990
   7             Deposits and brokerage
                   balances                        215,422     225,016
   8             Other liabilities
                   (including loans)                -4,285     103,920
               By foreign holder:
                 Liabilities to:
   9               Foreign banks                   223,828     253,541
  10               Foreign nonbanks,
                     including
                     international
                     organizations                  28,345     101,385
               By type of U.S. reporting
                   institution: (3)
                 U.S.-owned banks'
                     liabilities to:
  11               Foreign banks                   108,916     171,702
  12               Foreign nonbanks,
                     including
                     international
                     organizations                  19,995       5,433
                 Foreign-owned banks'
                     liabilities to:
  13               Foreign banks                    82,117      57,504
  14               Foreign nonbanks,
                     including
                     international
                     organizations                  10,893      22,259
                 Brokers' and dealers'
                     liabilities to:
  15               Foreign banks                    32,795      24,335
                   Foreign nonbanks,
                     including
                     international
  16                 organizations                  -2,543      73,693
  17         Denominated in foreign
                 currencies                         22,979      76,628
               By instrument: (2)
  18             Deposits and brokerage
                   balances                         16,681      19,325
  19             Other liabilities
                   (including loans)                 6,298      57,303
  20       Liabilities for customers' accounts     159,241      79,330
  21         Denominated in dollars                158,155      79,866
               By instrument: (2)
  22             Negotiable certificates
                   of deposit and other
                   short-term instruments           65,433      49,599
  23             Other liabilities
                   (including loans)                92,722      30,267
  24         Denominated in foreign
               currencies                            1,086        -536
         Other U.S. liabilities, total
             (line 3), by area:
  25       Europe                                       17     189,833
  26       Canada                                    9,610      12,585
  27       Caribbean financial centers (4)         379,473     216,382
  28       Latin America, excluding
             Caribbean financial centers             8,885      10,500
  29       Asia                                     35,362      71,814
  30       Africa                                     -675       7,713
  31       Other                                     1,721       2,057

       Memoranda:
   1   International banking facilities'
           (IBFs) own liabilities,
           denominated in dollars (in
           lines 3-14) above)                      -69,654     103,906
         By bank ownership: (3)
   2       U.S.-owned IBFs                          18,800      56,902
   3       Foreign-owned IBFs                      -88,454      47,004

                                                     Not seasonally
                                                        adjusted

Line          (Credits  ; increase in U.S.                2006
           liabilities. Debits-; decrease in
                  U.S. liabilities.)                I           II

   1   Liabilities reported by U.S. banks
           and securities brokers, total
           (table 1, part of line 65 and
           table 1, line 69)                       164,502        -381
   2     U.S. Treasury bills and certificates
           (table 1, part of line 65)                5,080      -2,429
   3     Other U.S. liabilities, total
             (table 1, line 69)                    159,422       2,048
   4       Liabilities for own accounts            152,666     -88,376
   5         Denominated in dollars                149,687     -88,337
               By instrument: (2)
   6             Repurchase agreements              55,583     -86,762
   7             Deposits and brokerage
                   balances                         75,738      36,358
   8             Other liabilities
                   (including loans)                18,366     -37,933
               By foreign holder:
                 Liabilities to:
   9               Foreign banks                   108,355     -11,536
  10               Foreign nonbanks,
                     including
                     international
                     organizations                  41,332     -76,801
               By type of U.S. reporting
                   institution: (3)
                 U.S.-owned banks'
                     liabilities to:
  11               Foreign banks                    23,370      44,131
  12               Foreign nonbanks,
                     including
                     international
                     organizations                   3,941       7,667
                 Foreign-owned banks'
                     liabilities to:
  13               Foreign banks                    40,758     -41,438
  14               Foreign nonbanks,
                     including
                     international
                     organizations                  -2,336       4,168
                 Brokers' and dealers'
                     liabilities to:
  15               Foreign banks                    44,227     -14,229
                   Foreign nonbanks,
                     including
                     international
  16                 organizations                  39,727     -88,636
  17         Denominated in foreign
                 currencies                          2,979         -39
               By instrument: (2)
  18             Deposits and brokerage
                   balances                            459       1,056
  19             Other liabilities
                   (including loans)                 2,520      -1,095
  20       Liabilities for customers' accounts       6,756      90,424
  21         Denominated in dollars                  6,687      90,540
               By instrument: (2)
  22             Negotiable certificates
                   of deposit and other
                   short-term instruments            6,547      38,228
  23             Other liabilities
                   (including loans)                   140      52,312
  24         Denominated in foreign
               currencies                               69        -116
         Other U.S. liabilities, total
             (line 3), by area:
  25       Europe                                  100,575    -113,279
  26       Canada                                   -2,071       5,089
  27       Caribbean financial centers (4)          63,701     105,620
  28       Latin America, excluding
             Caribbean financial centers             8,282       1,413
  29       Asia                                    -14,255       7,471
  30       Africa                                      331      -1,295
  31       Other                                     2,859      -2,971

       Memoranda:
   1   International banking facilities'
           (IBFs) own liabilities,
           denominated in dollars (in
           lines 3-14) above)                        5,656     -19,196
         By bank ownership: (3)
   2       U.S.-owned IBFs                          11,632      24,662
   3       Foreign-owned IBFs                       -5,976     -43,858

                                                     Not seasonally
                                                        adjusted

Line          (Credits  ; increase in U.S.                2006
           liabilities. Debits-; decrease in
                  U.S. liabilities.)               III          IV

   1   Liabilities reported by U.S. banks
           and securities brokers, total
           (table 1, part of line 65 and
           table 1, line 69)                       100,305     183,526
   2     U.S. Treasury bills and certificates
           (table 1, part of line 65)                 -335      11,243
   3     Other U.S. liabilities, total
             (table 1, line 69)                    100,640     172,283
   4       Liabilities for own accounts             59,149     151,713
   5         Denominated in dollars                 58,372     132,451
               By instrument: (2)
   6             Repurchase agreements              55,529      16,686
   7             Deposits and brokerage
                   balances                         -9,974     113,300
   8             Other liabilities
                   (including loans)                12,817       2,465
               By foreign holder:
                 Liabilities to:
   9               Foreign banks                    46,026      80,983
  10               Foreign nonbanks,
                     including
                     international
                     organizations                  12,346      51,468
               By type of U.S. reporting
                   institution: (3)
                 U.S.-owned banks'
                     liabilities to:
  11               Foreign banks                   -13,773      55,188
  12               Foreign nonbanks,
                     including
                     international
                     organizations                   6,915       1,472
                 Foreign-owned banks'
                     liabilities to:
  13               Foreign banks                    14,946      67,851
  14               Foreign nonbanks,
                     including
                     international
                     organizations                     762       8,299
                 Brokers' and dealers'
                     liabilities to:
  15               Foreign banks                    44,853     -42,056
                   Foreign nonbanks,
                     including
                     international
  16                 organizations                   4,669      41,697
  17         Denominated in foreign
                 currencies                            777      19,262
               By instrument: (2)
  18             Deposits and brokerage
                   balances                          2,764      12,402
  19             Other liabilities
                   (including loans)                -1,987       6,860
  20       Liabilities for customers' accounts      41,491      20,570
  21         Denominated in dollars                 41,020      19,908
               By instrument: (2)
  22             Negotiable certificates
                   of deposit and other
                   short-term instruments           10,855       9,803
  23             Other liabilities
                   (including loans)                30,165      10,105
  24         Denominated in foreign
               currencies                              471         662
         Other U.S. liabilities, total
             (line 3), by area:
  25       Europe                                  -17,488      30,209
  26       Canada                                    7,573        -981
  27       Caribbean financial centers (4)         102,078     108,074
  28       Latin America, excluding
             Caribbean financial centers              -814           4
  29       Asia                                      5,783      36,363
  30       Africa                                     -231         520
  31       Other                                     3,739      -1,906

       Memoranda:
   1   International banking facilities'
           (IBFs) own liabilities,
           denominated in dollars (in
           lines 3-14) above)                      -54,622      -1,492
         By bank ownership: (3)
   2       U.S.-owned IBFs                         -29,054      11,560
   3       Foreign-owned IBFs                      -25,568     -13,052

                                                     Not seasonally
                                                        adjusted

Line          (Credits  ; increase in U.S.                2007
           liabilities. Debits-; decrease in
                  U.S. liabilities.)                I           II

   1   Liabilities reported by U.S. banks
           and securities brokers, total
           (table 1, part of line 65 and
           table 1, line 69)                       208,386     131,291
   2     U.S. Treasury bills and certificates
           (table 1, part of line 65)                4,783     -12,672
   3     Other U.S. liabilities, total
             (table 1, line 69)                    203,603     143,963
   4       Liabilities for own accounts            171,311     139,368
   5         Denominated in dollars                165,987     113,116
               By instrument: (2)
   6             Repurchase agreements             121,791      18,906
   7             Deposits and brokerage
                   balances                         31,145      55,013
   8             Other liabilities
                   (including loans)                13,051      39,197
               By foreign holder:
                 Liabilities to:
   9               Foreign banks                    92,230      76,674
  10               Foreign nonbanks,
                     including
                     international
                     organizations                  73,757      36,442
               By type of U.S. reporting
                   institution: (3)
                 U.S.-owned banks'
                     liabilities to:
  11               Foreign banks                     2,556      37,207
  12               Foreign nonbanks,
                     including
                     international
                     organizations                  -3,440       3,904
                 Foreign-owned banks'
                     liabilities to:
  13               Foreign banks                     4,092      33,368
  14               Foreign nonbanks,
                     including
                     international
                     organizations                   5,802       8,721
                 Brokers' and dealers'
                     liabilities to:
  15               Foreign banks                    85,582       6,099
                   Foreign nonbanks,
                     including
                     international
  16                 organizations                  71,395      23,817
  17         Denominated in foreign
                 currencies                          5,324      26,252
               By instrument: (2)
  18             Deposits and brokerage
                   balances                          1,767       7,732
  19             Other liabilities
                   (including loans)                 3,557      18,520
  20       Liabilities for customers' accounts      32,292       4,595
  21         Denominated in dollars                 30,791         587
               By instrument: (2)
  22             Negotiable certificates
                   of deposit and other
                   short-term instruments           14,962      14,988
  23             Other liabilities
                   (including loans)                15,829     -14,401
  24         Denominated in foreign
               currencies                            1,501       4,008
         Other U.S. liabilities, total
             (line 3), by area:
  25       Europe                                  203,813      44,928
  26       Canada                                    3,087       8,031
  27       Caribbean financial centers (4)            -796      60,014
  28       Latin America, excluding
             Caribbean financial centers             1,089       2,785
  29       Asia                                     -3,476      24,801
  30       Africa                                        7       1,369
  31       Other                                      -121       2,035

       Memoranda:
   1   International banking facilities'
           (IBFs) own liabilities,
           denominated in dollars (in
           lines 3-14) above)                       16,025      20,005
         By bank ownership: (3)
   2       U.S.-owned IBFs                          17,923       2,406
   3       Foreign-owned IBFs                       -1,898      17,599

                                                     Not seasonally
                                                        adjusted

Line          (Credits  ; increase in U.S.                2007
           liabilities. Debits-; decrease in
                  U.S. liabilities.)             III (r)      IV (p)

   1   Liabilities reported by U.S. banks
           and securities brokers, total
           (table 1, part of line 65 and
           table 1, line 69)                        84,030     116,959
   2     U.S. Treasury bills and certificates
           (table 1, part of line 65)               15,633      22,038
   3     Other U.S. liabilities, total
             (table 1, line 69)                     68,397      94,921
   4       Liabilities for own accounts             50,139      70,736
   5         Denominated in dollars                 46,589      29,234
               By instrument: (2)
   6             Repurchase agreements             -65,751     -48,956
   7             Deposits and brokerage
                   balances                         62,369      76,489
   8             Other liabilities
                   (including loans)                49,971       1,701
               By foreign holder:
                 Liabilities to:
   9               Foreign banks                    64,459      20,178
  10               Foreign nonbanks,
                     including
                     international
                     organizations                 -17,870       9,056
               By type of U.S. reporting
                   institution: (3)
                 U.S.-owned banks'
                     liabilities to:
  11               Foreign banks                    18,346     113,593
  12               Foreign nonbanks,
                     including
                     international
                     organizations                  -9,919      14,888
                 Foreign-owned banks'
                     liabilities to:
  13               Foreign banks                    77,630     -57,586
  14               Foreign nonbanks,
                     including
                     international
                     organizations                  -1,952       9,688
                 Brokers' and dealers'
                     liabilities to:
  15               Foreign banks                   -31,517     -35,829
                   Foreign nonbanks,
                     including
                     international
  16                 organizations                  -5,999     -15,520
  17         Denominated in foreign
                 currencies                          3,550      41,502
               By instrument: (2)
  18             Deposits and brokerage
                   balances                         -3,950      13,776
  19             Other liabilities
                   (including loans)                 7,500      27,726
  20       Liabilities for customers' accounts      18,258      24,185
  21         Denominated in dollars                 25,390      23,098
               By instrument: (2)
  22             Negotiable certificates
                   of deposit and other
                   short-term instruments           14,331       5,318
  23             Other liabilities
                   (including loans)                11,059      17,780
  24         Denominated in foreign
               currencies                           -7,132       1,087
         Other U.S. liabilities, total
             (line 3), by area:
  25       Europe                                  -60,704       1,796
  26       Canada                                    9,005      -7,538
  27       Caribbean financial centers (4)          85,471      71,693
  28       Latin America, excluding
             Caribbean financial centers              -323       6,949
  29       Asia                                     36,601      13,888
  30       Africa                                   -1,303       7,640
  31       Other                                      -350         493

       Memoranda:
   1   International banking facilities'
           (IBFs) own liabilities,
           denominated in dollars (in
           lines 3-14) above)                       37,911      29,965
         By bank ownership: (3)
   2       U.S.-owned IBFs                          -2,057      38,630
   3       Foreign-owned IBFs                       39,968      -8,665

                                                   Amounts
Line          (Credits  ; increase in U.S.      outstanding
           liabilities. Debits-; decrease in     Dec. 31,
                  U.S. liabilities.)               2007

   1   Liabilities reported by U.S. banks
           and securities brokers, total
           (table 1, part of line 65 and
           table 1, line 69)                      4,097,478
   2     U.S. Treasury bills and certificates
           (table 1, part of line 65)               106,277
   3     Other U.S. liabilities, total
             (table 1, line 69)                   3,991,201
   4       Liabilities for own accounts           3,311,066
   5         Denominated in dollars               3,050,276
               By instrument: (2)
   6             Repurchase agreements              941,153
   7             Deposits and brokerage
                   balances                       1,481,411
   8             Other liabilities
                   (including loans)                627,712
               By foreign holder:
                 Liabilities to:
   9               Foreign banks                  2,144,121
  10               Foreign nonbanks,
                     including
                     international
                     organizations                  906,155
               By type of U.S. reporting
                   institution: (3)
                 U.S.-owned banks'
                     liabilities to:
  11               Foreign banks                    906,566
  12               Foreign nonbanks,
                     including
                     international
                     organizations                  122,526
                 Foreign-owned banks'
                     liabilities to:
  13               Foreign banks                    761,426
  14               Foreign nonbanks,
                     including
                     international
                     organizations                  103,030
                 Brokers' and dealers'
                     liabilities to:
  15               Foreign banks                    476,129
                   Foreign nonbanks,
                     including
                     international
  16                 organizations                  680,599
  17         Denominated in foreign
                 currencies                         260,790
               By instrument: (2)
  18             Deposits and brokerage
                   balances                         120,710
  19             Other liabilities
                   (including loans)                140,080
  20       Liabilities for customers' accounts      680,135
  21         Denominated in dollars                 661,366
               By instrument: (2)
  22             Negotiable certificates
                   of deposit and other
                   short-term instruments           324,772
  23             Other liabilities
                   (including loans)                336,594
  24         Denominated in foreign
               currencies                            18,769
         Other U.S. liabilities, total
             (line 3), by area:
  25       Europe                                 1,581,526
  26       Canada                                    59,437
  27       Caribbean financial centers (4)        1,915,705
  28       Latin America, excluding
             Caribbean financial centers            115,659
  29       Asia                                     277,298
  30       Africa                                    16,183
  31       Other                                     25,393

       Memoranda:
   1   International banking facilities'
           (IBFs) own liabilities,
           denominated in dollars (in
           lines 3-14) above)                       481,836
         By bank ownership: (3)
   2       U.S.-owned IBFs                          178,269
   3       Foreign-owned IBFs                       303,567

Table 11. U.S. International Transactions, by Area
[Millions of dollars]

                                                 Europe

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           862,912       221,903       225,836
   2    Exports of goods and
            services                473,955       119,552       124,229
   3      Goods, balance of
            payments basis (2)      280,916        68,585        71,853
   4      Services (3)              193,037        50,967        52,376
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           4,108         1,077           810
   6        Travel                   31,146         9,917         7,469
   7        Passenger fares           7,944         2,336         2,329
   8        Other
              transportation         19,376         8,844         5,287
   9        Royalties and
              license fees (5)       34,720         8,804         9,660
  10        Other private
              services (5)           95,426        23,903        26,740
  11        U.S. government
              miscellaneous
              services                  317            85            80
  12    Income receipts             388,957       102,351       101,607
  13      Income receipts on
              U.S.-owned
                assets abroad       388,157       102,240       101,495
  14        Direct investment
              receipts              169,133        43,216        44,402
  15        Other private
              receipts              218,341        58,768        56,818
  16        U.S. government
              receipts                1,043           256           275
  17      Compensation of
            employees                   440           111           112
  18  Imports of goods and
          services and income
          payments                 -921,518      -240,984      -231,115
  19    Imports of goods and
            services               -578,796      -148,881      -152,139
  20      Goods, balance of
            payments basis (2)     -411,290      -104,029      -108,576
  21      Services (3)             -167,506       -44,853       -43,563
  22        Direct defense
              expenditures          -12,245        -3,091        -3,160
  23        Travel                  -25,317        -7,944        -5,401
  24        Passenger fares         -14,409        -4,177        -3,293
  25        Other
              transportation        -26,090        -6,881        -6,689
  26        Royalties and
              license fees (5)      -17,364        -4,021        -5,448
  27        Other private
              services (5)          -70,021       -18,220       -19,044
  28        U.S. government
              miscellaneous
              services               -2,060          -519          -528
  29    Income payments            -342,722       -92,103       -78,975
  30      Income payments on
              foreign-owned
              assets in the
              United States        -342,125       -91,975       -78,807
  31        Direct investment
              payments              -81,011       -23,832       -12,861
  32        Other private
              payments             -225,072       -58,916       -55,941
  33        U.S. government
              payments              -36,042        -9,227       -10,005
  34      Compensation of
            employees                  -597          -128          -168
  35  Unilateral current
          transfers, net            -12,028        -3,915        -3,193
  36    U.S. government
          grants (4)                 -1,914          -514          -490
  37    U.S. government
          pensions and other
          transfers                  -1,741          -440          -431
  38    Private remittances
          and other
          transfers (6)              -8,373        -2,961        -2,272

          Capital account

  39  Capital account
        transactions, net              -839          -210          -210

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))             -943,747      -238,147       -79,290
  41    U.S. official reserve
            assets                     -896          -219          -249
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies           -896          -219          -249
  46    U.S. government
            assets, other
            than official
            reserve assets          -23,522            42       -23,968
  47      U.S. credits and
            other long-term
            assets                     -285           -27           -87
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  776            86           120
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets             -24,013           -17       -24,001
  50    U.S. private assets        -919,329      -237,970       -55,073
  51      Direct investment        -194,867       -44,865       -58,362
  52      Foreign securities       -236,023       -68,147        -9,841
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                -50,951         7,553        10,471
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere     -437,488      -132,511         2,659
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               914,788       121,965        55,077
  56    Foreign official
            assets in the
            United States            55,741        22,710        34,160
  57      U.S. government
              securities               (17)          (17)          (17)
  58        U.S. Treasury
              securities (9)           (17)          (17)          (17)
  59        Other (10)                 (17)          (17)          (17)
  60      Other U.S.
            government
            liabilities (11)           -317          -319           295
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (17)          (17)          (17)
  62      Other foreign
            official
            assets (12)                (17)          (17)          (17)
  63    Other foreign assets
            in the United
            States                  859,047        99,255        20,917
  64      Direct investment         111,798        74,976        10,491
  65      U.S. Treasury
            securities              174,561        62,514        45,167
  66      U.S. securities
            other than U.S.
            Treasury
            securities              255,805       -29,193        42,836
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                127,050        51,662       -79,373
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere      189,833       -60,704         1,796
  70  Financial derivatives,
        net                            n.a.        12,394          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)              100,433       126,995        32,894

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)           -130,372       -35,443       -36,723
  73  Balance on services
        (lines 4 and 21)             25,531         6,114         8,813
  74  Balance on goods and
        services pines 2
        and 19)                    -104,841       -29,329       -27,910
  75  Balance on income
        (lines 12 and 29)            46,234        10,248        22,632
  76  Unilateral current
        transfers,
        net (line 35)               -12,028        -3,915        -3,193
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -70,635       -22,996        -8,471

                                         European Union (15)

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           751,324       193,646       196,952
   2    Exports of goods and
            services                409,882       103,067       107,707
   3      Goods, balance of
            payments basis (2)      242,314        58,636        62,096
   4      Services (3)              167,568        44,430        45,611
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           3,014           725           591
   6        Travel                   28,667         9,195         6,850
   7        Passenger fares           7,283         2,164         2,121
   8        Other
              transportation         17,262         4,313         4,712
   9        Royalties and
              license fees (5)       27,111         6,873         7,611
  10        Other private
              services (5)           83,988        21,093        23,666
  11        U.S. government
              miscellaneous
              services                  243            67            59
  12    Income receipts             341,441        90,580        89,245
  13      Income receipts on
              U.S.-owned
                assets abroad       341,082        90,489        89,153
  14        Direct investment
              receipts              142,542        36,820        37,667
  15        Other private
              receipts              197,596        53,431        51,233
  16        U.S. government
              receipts                  944           238           253
  17      Compensation of
            employees                   360            91            92
  18  Imports of goods and
          services and income
          payments                 -806,268      -209,748      -199,509
  19    Imports of goods and
            services               -500,369      -128,525      -130,941
  20      Goods, balance of
            payments basis (2)     -356,244       -89,535       -93,433
  21      Services (3)             -144,125       -38,991       -37,508
  22        Direct defense
              expenditures          -10,820        -2,728        -2,800
  23        Travel                  -22,835        -7,178        -4,959
  24        Passenger fares         -13,614        -3,979        -3,092
  25        Other
              transportation        -22,829        -6,055        -5,865
  26        Royalties and
              license fees (5)      -13,078        -3,157        -4,225
  27        Other private
              services (5)          -59,415       -15,491       -16,171
  28        U.S. government
              miscellaneous
              services               -1,534          -402          -396
  29    Income payments            -305,899       -81,223       -68,568
  30      Income payments on
              foreign-owned
              assets in the
              United States        -305,435       -81,122       -68,439
  31        Direct investment
              payments              -72,425       -20,025        -9,489
  32        Other private
              payments             -205,744       -53,984       -51,001
  33        U.S. government
              payments              -27,266        -7,113        -7,949
  34      Compensation of
            employees                  -464          -101          -129
  35  Unilateral current
          transfers, net             -5,151        -2,067        -1,291
  36    U.S. government
          grants (4)                   -134           -38           -21
  37    U.S. government
          pensions and other
          transfers                  -1,639           418          -408
  38    Private remittances
          and other
          transfers (6)              -3,378        -1,611          -862

          Capital account

  39  Capital account
        transactions, net              -453          -113          -113

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))             -845,663      -219,326      -663,298
  41    U.S. official reserve
            assets                     -679          -163          -185
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies           -679          -163          -185
  46    U.S. government
            assets, other
            than official
            reserve assets          -19,929            14       -19,992
  47      U.S. credits and
            other long-term
            assets                     -206           -21           -73
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  284            47            81
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets             -20,007           -12       -20,000
  50    U.S. private assets        -825,055      -219,177       -43,121
  51      Direct investment        -175,791       -38,372       -56,459
  52      Foreign securities       -238,190       -67,158       -10,305
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                -49,233         6,664        11,746
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere     -361,841      -120,311        11,897
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               874,793       147,657        -7,186
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)           -763          -227            61
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment          86,457        78,565       -22,162
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities              251,046       -26,240        35,635
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                125,450        51,522       -80,030
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 412,603  (18) 44,037   (18) 59,310
  70  Financial derivatives,
        net                            n.a.        10,587          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               31,419        79,364        74,446

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)           -113,930       -30,898       -31,337
  73  Balance on services
        (lines 4 and 21)             23,442         5,440         8,102
  74  Balance on goods and
        services pines 2
        and 19)                     -90,487       -25,458       -23,235
  75  Balance on income
        (lines 12 and 29)            35,542         9,356        20,678
  76  Unilateral current
        transfers,
        net (line 35)                -5,151        -2,067        -1,291
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -60,096       -18,169        -3,848

                                             Euro area (16)

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           467,141       119,983       122,622
   2    Exports of goods and
            services                273,781        69,166        71,653
   3      Goods, balance of
            payments basis (2)      178,335        43,707        46,229
   4      Services (3)               95,446        25,459        25,424
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           1,179           270           267
   6        Travel                   14,382         5,024         3,331
   7        Passenger fares           4,194         1,309         1,161
   8        Other
              transportation          9,641         2,407         2,581
   9        Royalties and
              license fees (5)       21,030         5,370         5,597
  10        Other private
              services (5)           44,858        11,035        12,449
  11        U.S. government
              miscellaneous
              services                  162            44            38
  12    Income receipts             193,360        50,817        50,969
  13      Income receipts on
              U.S.-owned
                assets abroad       193,160        50,767        50,918
  14        Direct investment
              receipts              110,699        28,665        29,175
  15        Other private
              receipts               81,520        21,864        21,491
  16        U.S. government
              receipts                  941           238           252
  17      Compensation of
            employees                   201            50            52
  18  Imports of goods and
          services and income
          payments                 -512,400      -133,832      -128,446
  19    Imports of goods and
            services               -357,930       -92,182       -93,738
  20      Goods, balance of
            payments basis (2)     -268,813       -67,681       -70,363
  21      Services (3)              -89,117       -24,501       -23,375
  22        Direct defense
              expenditures           -8,846        -2,243        -2,290
  23        Travel                  -14,935        -4,694        -2,955
  24        Passenger fares          -8,129        -2,433        -1,808
  25        Other
              transportation        -13,504        -3,617        -3,502
  26        Royalties and
              license fees (5)       -9,272        -2,228        -3,206
  27        Other private
              services (5)          -33,171        -8,963        -9,287
  28        U.S. government
              miscellaneous
              services               -1,260          -323          -327
  29    Income payments            -154,470       -41,650       -34,708
  30      Income payments on
              foreign-owned
              assets in the
              United States        -154,144       -41,576       -34,620
  31        Direct investment
              payments              -51,242       -15,107        -8,673
  32        Other private
              payments              -86,791       -22,502       -22,072
  33        U.S. government
              payments              -16,111        -3,967        -3,875
  34      Compensation of
            employees                  -326           -74           -88
  35  Unilateral current
          transfers, net             -8,097        -2,280        -2,628
  36    U.S. government
          grants (4)                     -8            -3            -3
  37    U.S. government
          pensions and other
          transfers                  -1,211          -302          -300
  38    Private remittances
          and other
          transfers (6)              -6,878        -1,975        -2,325

          Capital account

  39  Capital account
        transactions, net              -252           -63           -63

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))             -428,798       -70,650       -96,236
  41    U.S. official reserve
            assets                     -679          -163          -185
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies           -679          -163          -185
  46    U.S. government
            assets, other
            than official
            reserve assets          -19,932            17       -19,991
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                   76            25             7
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets             -20,008            -8       -19,998
  50    U.S. private assets        -408,187       -70,504       -76,060
  51      Direct investment        -144,699       -27,674       -47,640
  52      Foreign securities        -71,432       -18,323           -73
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                -27,233       -16,833         2,155
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere     -164,823        -7,674       -30,502
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               177,852        78,049       -15,770
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)             93           -34           200
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment          40,285        46,367       -21,698
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities              -22,100       -20,531       -21,988
  67      U.S. currency                n.a.          n.a.          n a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 56,463        67,051       -37,388
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 103,111  (18) -14,804  (18) 65,104
  70  Financial derivatives,
        net                            n.a.          -709          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)              304,555         9,502       120,520

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -90,478       -23,975       -24,134
  73  Balance on services
        (lines 4 and 21)              6,329           958         2,049
  74  Balance on goods and
        services pines 2
        and 19)                     -84,149      -230,161       -22,085
  75  Balance on income
        (lines 12 and 29)            38,890         9,167        16,262
  76  Unilateral current
        transfers,
        net (line 35)                -8,097        -2,280        -2,628
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -53,356       -16,129        -8,451

                                                Belgium

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            37,967         9,731        10,057
   2    Exports of goods and
            services                 29,253         7,454         7,759
   3      Goods, balance of
            payments basis (2)       25,155         6,413         6,645
   4      Services (3)                4,097         1,041         1,114
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)              47             9            13
   6        Travel                      589           187           132
   7        Passenger fares             357            99            99
   8        Other
              transportation            544           135           148
   9        Royalties and
              license fees (5)          807           186           241
  10        Other private
              services (5)            1,749           424           480
  11        U.S. government
              miscellaneous
              services                    4             1             1
  12    Income receipts               8,714         2,277         2,297
  13      Income receipts on
              U.S.-owned
                assets abroad         8,694         2,272         2,293
  14        Direct investment
              receipts                3,319           811           781
  15        Other private
              receipts                5,375         1,461         1,512
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                    20             5             5
  18  Imports of goods and
          services and income
          payments                  -37,985        -9,443        -9,856
  19    Imports of goods and
            services                -18,445        -4,323        -4,841
  20      Goods, balance of
            payments basis (2)      -15,285        -3,545        -3,958
  21      Services (3)               -3,161          -778          -883
  22        Direct defense
              expenditures             -160           -37           -40
  23        Travel                     -197           -47           -56
  24        Passenger fares             -11            -6            -5
  25        Other
              transportation           -713          -190          -190
  26        Royalties and
              license fees (5)         -223           -39           -98
  27        Other private
              services (5)           -1,810          -447          -482
  28        U.S. government
              miscellaneous
              services                  -47           -12           -12
  29    Income payments             -19,540        -5,121        -5,015
  30      Income payments on
              foreign-owned
              assets in the
              United States         -19,530        -5,119        -5,012
  31        Direct investment
              payments               -2,089          -812          -801
  32        Other private
              payments              -14,997        -3,704        -3,654
  33        U.S. government
              payments               -2,444          -603          -557
  34      Compensation of
            employees                   -10            -2            -3
  35  Unilateral current
          transfers, net               -114           -22           -35
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                     -23            -7            -5
  38    Private remittances
          and other
          transfers (6)                 -91           -15           -30

          Capital account

  39  Capital account
        transactions, net               -23            -6            -6

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -45,603        11,131        -8,860
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               -2            -2             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -2            -2
  50    U.S. private assets         -45,601        11,133        -8,860
  51      Direct investment          -3,673          -979          -908
  52      Foreign securities        -29,532        -8,427        -5,071
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -8,370           870           275
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -4,026        19,669        -3,156
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               -17,484        -4,003           902
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              7             5             0
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           1,901         1,388          -808
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities              -16,507        -3,109        -4,700
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -6,763          -237           285
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere   (18) 3,878   (18) -2,050    (18) 6,125
  70  Financial derivatives,
        net                            n.a.           382          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               63,243        -7,770         7,799

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)              9,871         2,868         2,687
  73  Balance on services
        (lines 4 and 21)                936           263           231
  74  Balance on goods and
        services pines 2
        and 19)                      10,807         3,131         2,918
  75  Balance on income
        (lines 12 and 29)           -10,826        -2,843        -2,718
  76  Unilateral current
        transfers,
        net (line 35)                  -114           -22           -35
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)               -133           266           166

                                                 France

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            73,567        18,562        18,781
   2    Exports of goods and
            services                 44,827        11,119        11,637
   3      Goods, balance of
            payments basis (2)       27,126         6,425         6,862
   4      Services (3)               17,701         4,694         4,775
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)              51            18            12
   6        Travel                    2,725           983           608
   7        Passenger fares             596           166           178
   8        Other
              transportation          1,637           412           447
   9        Royalties and
              license fees (5)        3,335           880           985
  10        Other private
              services (5)            9,310         2,221         2,536
  11        U.S. government
              miscellaneous
              services                   47            14             9
  12    Income receipts              28,740         7,443         7,144
  13      Income receipts on
              U.S.-owned
                assets abroad        28,696         7,432         7,133
  14        Direct investment
              receipts                8,067         2,000         1,991
  15        Other private
              receipts               20,629         5,432         5,142
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                    44            11            11
  18  Imports of goods and
          services and income
          payments                  -77,024       -20,357       -18,435
  19    Imports of goods and
            services                -57,980       -15,091       -15,507
  20      Goods, balance of
            payments basis (2)      -41,575       -10,796       -10,867
  21      Services (3)              -16,405        -4,295        -4,640
  22        Direct defense
              expenditures             -104           -25           -30
  23        Travel                   -3,223          -928          -625
  24        Passenger fares          -1,725          -510          -427
  25        Other
              transportation         -2,032          -582          -539
  26        Royalties and
              license fees (5)       -2,895          -568        -1,266
  27        Other private
              services (5)           -6,059        -1,592        -1,661
  28        U.S. government
              miscellaneous
              services                 -366           -90           -92
  29    Income payments             -19,045        -5,266        -2,928
  30      Income payments on
              foreign-owned
              assets in the
              United States         -18,935        -5,240        -2,899
  31        Direct investment
              payments               -9,901        -3,053          -606
  32        Other private
              payments               -7,838        -1,904        -2,032
  33        U.S. government
              payments               -1,196          -283          -261
  34      Compensation of
            employees                  -110           -26           -29
  35  Unilateral current
          transfers, net                578            90            69
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                     -87           -23           -20
  38    Private remittances
          and other
          transfers (6)                 665           113            89

          Capital account

  39  Capital account
        transactions, net               -33            -8            -8

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -60,528         9,733       -10,991
  41    U.S. official reserve
            assets                     -249           -75           -63
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies           -249           -75           -63
  46    U.S. government
            assets, other
            than official
            reserve assets               -2            -1             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -2            -1             0
  50    U.S. private assets         -60,277         9,809       -10,928
  51      Direct investment          -6,850          -789        -1,886
  52      Foreign securities        -12,888        -1,042         5,587
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -5,361           731        -1,202
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -35,178        10,909       -13,427
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                29,268        -2,538        12,973
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)             20            -1            13
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment          15,106         2,495         2,608
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               26,067         2,205         6,859
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    611           924            19
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) -12,536  (18) -8,161    (18) 3,474
  70  Financial derivatives,
        net                            n.a.        -1,158          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               34,172        -4,322        -2,388

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -14,449        -4,371        -4,005
  73  Balance on services
        (lines 4 and 21)              1,296           399           135
  74  Balance on goods and
        services pines 2
        and 19)                     -13,153        -3,972        -3,870
  75  Balance on income
        (lines 12 and 29)             9,696         2,177         4,216
  76  Unilateral current
        transfers,
        net (line 35)                   578            90            69
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             -2,879        -1,706           415

                                                  Germany

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            94,460        24,283        24,694
   2    Exports of goods and
            services                 72,691        18,766        19,127
   3      Goods, balance of
            payments basis (2)       49,022        12,396        12,729
   4      Services (3)               23,669         6,370         6,398
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             194            50            41
   6        Travel                    3,909         1,357           802
   7        Passenger fares           1,154           327           305
   8        Other
              transportation          3,581           882           944
   9        Royalties and
              license fees (5)        3,547           876         1,038
  10        Other private
              services (5)           11,215         2,862         3,251
  11        U.S. government
              miscellaneous
              services                   69            16            17
  12    Income receipts              21,770         5,517         5,567
  13      Income receipts on
              U.S.-owned
                assets abroad        21,692         5,498         5,547
  14        Direct investment
              receipts                9,485         2,246         2,322
  15        Other private
              receipts               11,311         3,033         2,976
  16        U.S. government
              receipts                  896           219           249
  17      Compensation of
            employees                    78            19            21
  18  Imports of goods and
          services and income
          payments                 -150,094       -40,010       -37,489
  19    Imports of goods and
            services               -124,117       -31,936       -32,296
  20      Goods, balance of
            payments basis (2)      -94,331       -24,047       -24,728
  21      Services (3)              -29,786        -7,889        -7,568
  22        Direct defense
              expenditures           -6,925        -1,786        -1,785
  23        Travel                   -2,908          -858          -626
  24        Passenger fares          -3,053          -901          -585
  25        Other
              transportation         -5,339        -1,390        -1,350
  26        Royalties and
              license fees (5)       -2,786          -691          -840
  27        Other private
              services (5)           -8,296        -2,142        -2,259
  28        U.S. government
              miscellaneous
              services                 -479          -122          -123
  29    Income payments             -25,977        -8,074        -5,193
  30      Income payments on
              foreign-owned
              assets in the
              United States         -25,880        -8,052        -5,167
  31        Direct investment
              payments              -10,517        -4,037        -1,051
  32        Other private
              payments              -12,678        -3,341        -3,477
  33        U.S. government
              payments               -2,685          -674          -639
  34      Compensation of
            employees                   -97           -22           -26
  35  Unilateral current
          transfers, net                451            13          -166
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                    -431          -108          -107
  38    Private remittances
          and other
          transfers (6)                 882           121           -59

          Capital account

  39  Capital account
        transactions, net               -21            -5            -5

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -16,517        -6,963         9,883
  41    U.S. official reserve
            assets                     -247           -40           -71
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies           -247           -40           -71
  46    U.S. government
            assets, other
            than official
            reserve assets               -3            -1             1
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -3            -1             1
  50    U.S. private assets         -16,267        -6,922         9,953
  51      Direct investment          -8,613        -1,764        -2,341
  52      Foreign securities          5,175         6,671        -1,494
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                  9,915             2         4,330
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -22,744       -13,651         9,458
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                59,101        11,595        41,072
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            -28            -3            11
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           7,479         2,584        10,996
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                4,907        -3,905         5,258
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    874         1,577        -2,519
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 45,869   (18) 10,532   (18) 27,326
  70  Financial derivatives,
        net                            n.a.        -1,808          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               12,620        12,895       -37,989

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -45,309       -11,651       -11,999
  73  Balance on services
        (lines 4 and 21)             -6,117        -1,519        -1,170
  74  Balance on goods and
        services pines 2
        and 19)                     -51,426       -13,170       -13,169
  75  Balance on income
        (lines 12 and 29)            -4,208        -2,556           374
  76  Unilateral current
        transfers,
        net (line 35)                   451            13          -166
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -55,183       -15,714       -12,961

                                                  Italy

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            30,912         7,774         8,316
   2    Exports of goods and
            services                 22,873         5,766         6,143
   3      Goods, balance of
            payments basis (2)       13,884         3,247         3,786
   4      Services (3)                8,989         2,519         2,357
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             163            26            22
   6        Travel                    1,895           720           442
   7        Passenger fares             734           271           196
   8        Other
              transportation            770           166           239
   9        Royalties and
              license fees (5)        1,544           367           407
  10        Other private
              services (5)            3,871           966         1,047
  11        U.S. government
              miscellaneous
              services                   12             3             4
  12    Income receipts               8,039         2,008         2,173
  13      Income receipts on
              U.S.-owned
                assets abroad         8,022         2,003         2,169
  14        Direct investment
              receipts                4,130         1,031         1,132
  15        Other private
              receipts                3,892           972         1,037
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                    18             5             5
  18  Imports of goods and
          services and income
          payments                  -46,233       -12,278       -11,864
  19    Imports of goods and
            services                -43,755       -11,774       -11,258
  20      Goods, balance of
            payments basis (2)      -35,034        -9,108        -9,273
  21      Services (3)               -8,721        -2,666        -1,984
  22        Direct defense
              expenditures           -1,133          -272          -300
  23        Travel                   -3,384        -1,208          -614
  24        Passenger fares            -725          -227          -148
  25        Other
              transportation           -976          -288          -267
  26        Royalties and
              license fees (5)         -103           -23           -39
  27        Other private
              services (5)           -2,275          -616          -582
  28        U.S. government
              miscellaneous
              services                 -125           -32           -34
  29    Income payments              -2,478          -504          -606
  30      Income payments on
              foreign-owned
              assets in the
              United States          -2,427          -492          -593
  31        Direct investment
              payments                 -716             0          -202
  32        Other private
              payments               -1,020          -263          -219
  33        U.S. government
              payments                 -691          -169          -172
  34      Compensation of
            employees                   -50           -12           -13
  35  Unilateral current
          transfers, net               -377           -95           -84
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                    -250           -63           -62
  38    Private remittances
          and other
          transfers (6)                -127           -32           -22

          Capital account

  39  Capital account
        transactions, net               -27            -7            -7

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -6,727        -7,549        -7,472
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               -3            -1            -1
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -3            -1            -1
  50    U.S. private assets          -6,724        -7,548        -7,471
  51      Direct investment          -4,084        -1,248          -929
  52      Foreign securities          5,286         2,632         2,435
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -156           131           -72
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -7,770        -9,063        -8,905
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                -6,453         4,023        -6,720
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            -35            12            31
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           6,150         4,257           952
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities              -12,875             9        -9,655
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    114           120          -112
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere     (18) 193     (18) -375    (18) 2,064
  70  Financial derivatives,
        net                            n.a.           641          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               28,904         7,491        17,830

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -21,150        -5,861        -5,487
  73  Balance on services
        (lines 4 and 21)                268          -147           372
  74  Balance on goods and
        services pines 2
        and 19)                     -20,882        -6,008        -5,115
  75  Balance on income
        (lines 12 and 29)             5,561         1,504         1,567
  76  Unilateral current
        transfers,
        net (line 35)                  -377           -95           -84
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -15,698        -4,599        -3,632

                                               Netherlands

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            96,594        25,050        25,662
   2    Exports of goods and
            services                 44,481        10,710        11,598
   3      Goods, balance of
            payments basis (2)       32,703         7,675         8,384
   4      Services (3)               11,779         3,034         3,214
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             222            64            55
   6        Travel                    1,167           387           273
   7        Passenger fares             478           151           131
   8        Other
              transportation          1,555           392           417
   9        Royalties and
              license fees (5)        2,121           518           578
  10        Other private
              services (5)            6,226         1,518         1,758
  11        U.S. government
              miscellaneous
              services                   10             4             2
  12    Income receipts              52,112        14,340        14,065
  13      Income receipts on
              U.S.-owned
                assets abroad        52,093        14,335        14,060
  14        Direct investment
              receipts               37,628        10,066        10,308
  15        Other private
              receipts               14,465         4,269         3,752
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                    20             5             5
  18  Imports of goods and
          services and income
          payments                  -67,364       -18,122       -16,598
  19    Imports of goods and
            services                -28,662        -7,760        -8,085
  20      Goods, balance of
            payments basis (2)      -18,387        -4,966        -5,262
  21      Services (3)              -10,275        -2,794        -2,824
  22        Direct defense
              expenditures             -134           -23           -35
  23        Travel                   -1,152          -303          -254
  24        Passenger fares            -801          -238          -233
  25        Other
              transportation         -2,296          -614          -606
  26        Royalties and
              license fees (5)       -2,437          -717          -739
  27        Other private
              services (5)           -3,389          -880          -941
  28        U.S. government
              miscellaneous
              services                  -66           -19           -16
  29    Income payments             -38,702       -10,362        -8,513
  30      Income payments on
              foreign-owned
              assets in the
              United States         -38,688       -10,359        -8,509
  31        Direct investment
              payments              -21,203        -5,574        -4,143
  32        Other private
              payments              -15,764        -4,355        -3,955
  33        U.S. government
              payments               -1,721          -430          -411
  34      Compensation of
            employees                   -14            -3            -4
  35  Unilateral current
          transfers, net                -31           -34           -27
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                     -29            -8            -7
  38    Private remittances
          and other
          transfers (6)                  -2           -26           -20

          Capital account

  39  Capital account
        transactions, net                 8             2             2

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))             -122,976       -44,343       -24,212
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets                0             1            -1
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   0             1            -1
  50    U.S. private assets        -122,976       -44,344       -24,211
  51      Direct investment         -78,763        -9,982       -27,247
  52      Foreign securities          6,197          -242         2,948
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                -26,451       -20,477       -10,030
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -23,959       -13,643        10,118
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                61,923        68,482       -61,099
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              6            -7           -17
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           8,176        21,827       -22,699
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               10,324           658        -4,384
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 40,405        64,141       -35,648
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere   (18) 3,012   (18) -18,137   (18) 1,649
  70  Financial derivatives,
        net                            n.a.          -401          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               31,846       -30,635        76,271

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)             14,316         2,710         3,122
  73  Balance on services
        (lines 4 and 21)              1,504           240           390
  74  Balance on goods and
        services pines 2
        and 19)                      15,820         2,950         3,512
  75  Balance on income
        (lines 12 and 29)            13,410         3,978         5,552
  76  Unilateral current
        transfers,
        net (line 35)                   -31           -34           -27
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             29,199         6,894         9,037

                                            United Kingdom

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           242,178        63,103        63,199
   2    Exports of goods and
            services                107,359        26,902        28,363
   3      Goods, balance of
            payments basis (2)       48,798        11,334        11,872
   4      Services (3)               58,561        15,568        16,491
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             406            91            97
   6        Travel                   11,879         3,520         2,987
   7        Passenger fares           2,775           757           877
   8        Other
              transportation          4,479         1,139         1,194
   9        Royalties and
              license fees (5)        6,228         1,569         1,831
  10        Other private
              services (5)           32,733         8,473         9,489
  11        U.S. government
              miscellaneous
              services                   61            19            16
  12    Income receipts             134,818        36,201        34,836
  13      Income receipts on
              U.S.-owned
                assets abroad       134,717        36,175        34,810
  14        Direct investment
              receipts               26,035         6,769         6,942
  15        Other private
              receipts              108,682        29,406        27,868
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                   101            26            26
  18  Imports of goods and
          services and income
          payments                 -239,208       -61,759       -57,228
  19    Imports of goods and
            services                -99,399       -25,484       -26,401
  20      Goods, balance of
            payments basis (2)      -56,382       -14,243       -15,036
  21      Services (3)              -43,017       -11,242       -11,365
  22        Direct defense
              expenditures           -1,353          -311          -350
  23        Travel                   -6,695        -2,052        -1,799
  24        Passenger fares          -4,728        -1,256        -1,145
  25        Other
              transportation         -4,627        -1,199        -1,213
  26        Royalties and
              license fees (5)       -2,031          -472          -588
  27        Other private
              services (5)          -23,377        -5,891        -6,219
  28        U.S. government
              miscellaneous
              services                 -206           -61           -51
  29    Income payments            -139,809       -36,275       -30,827
  30      Income payments on
              foreign-owned
              assets in the
              United States        -139,707       -36,252       -30,799
  31        Direct investment
              payments              -15,636        -3,158           609
  32        Other private
              payments             -115,381       -30,563       -27,943
  33        U.S. government
              payments               -8,690        -2,531        -3,465
  34      Compensation of
            employees                  -102           -23           -28
  35  Unilateral current
          transfers, net              2,508           396         1,405
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                    -279           -70           -69
  38    Private remittances
          and other
          transfers (6)               2,787           466         1,474

          Capital account

  39  Capital account
        transactions, net               -52           -13           -13

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))             -388,107      -141,323        38,660
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets                5            -1            -2
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   5            -1            -2
  50    U.S. private assets        -388,112      -141,322        38,662
  51      Direct investment         -21,658        -9,703        -6,556
  52      Foreign securities       -167,929       -53,189       -13,273
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                -17,669        28,645         8,152
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere     -180,856      -107,075        50,339
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               656,691        64,039        -1,745
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)             -2            35            -8
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment          27,248        25,419          -977
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities              271,238        -5,869        58,747
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 68,681       -16,561       -42,012
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 289,526  (18) 61,015   (18) -17,495
  70  Financial derivatives,
        net                            n.a.        10,496          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)             -274,010        65,061       -44,279

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)             -7,584        -2,909        -3,165
  73  Balance on services
        (lines 4 and 21)             15,544         4,327         5,126
  74  Balance on goods and
        services pines 2
        and 19)                       7,961         1,418         1,962
  75  Balance on income
        (lines 12 and 29)            -4,991           -73         4,009
  76  Unilateral current
        transfers,
        net (line 35)                 2,508           396         1,405
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)              5,478         1,740         7,376

                                    Europe, excluding European Union

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           111,588        28,257        28,885
   2    Exports of goods and
            services                 64,073        16,485        16,523
   3      Goods, balance of
            payments basis (2)       38,604         9,949         9,758
   4      Services (3)               25,469         6,536         6,765
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           1,094           352           219
   6        Travel                    2,479           722           619
   7        Passenger fares             661           172           208
   8        Other
              transportation          2,114           531           575
   9        Royalties and
              license fees (5)        7,609         1,931         2,049
  10        Other private
              services (5)           11,438         2,810         3,074
  11        U.S. government
              miscellaneous
              services                   74            18            21
  12    Income receipts              47,515        11,771        12,362
  13      Income receipts on
              U.S.-owned
                assets abroad        47,435        11,751        12,342
  14        Direct investment
              receipts               26,591         6,396         6,735
  15        Other private
              receipts               20,745         5,337         5,585
  16        U.S. government
              receipts                   99            18            22
  17      Compensation of
            employees                    80            20            20
  18  Imports of goods and
          services and income
          payments                 -115,250       -31,236       -31,606
  19    Imports of goods and
            services                -78,427       -20,356       -21,198
  20      Goods, balance of
            payments basis (2)      -55,046       -14,494       -15,143
  21      Services (3)              -23,381        -5,862        -6,055
  22        Direct defense
              expenditures           -1,425          -363          -360
  23        Travel                   -2,482          -766          -442
  24        Passenger fares            -795          -198          -201
  25        Other
              transportation         -3,261          -826          -824
  26        Royalties and
              license fees (5)       -4,286          -864        -1,223
  27        Other private
              services (5)          -10,606        -2,729        -2,873
  28        U.S. government
              miscellaneous
              services                 -526          -117          -132
  29    Income payments             -36,823       -10,880       -10,408
  30      Income payments on
              foreign-owned
              assets in the
              United States         -36,690       -10,853       -10,369
  31        Direct investment
              payments               -8,586        -3,807        -3,373
  32        Other private
              payments              -19,328        -4,932        -4,940
  33        U.S. government
              payments               -8,776        -2,114        -2,056
  34      Compensation of
            employees                  -133           -27           -39
  35  Unilateral current
          transfers, net             -6,877        -1,848        -1,902
  36    U.S. government
          grants (4)                 -1,780          -476          -469
  37    U.S. government
          pensions and other
          transfers                    -102           -22           -23
  38    Private remittances
          and other
          transfers (6)              -4,995        -1,350        -1,410

          Capital account

  39  Capital account
        transactions, net              -386           -97           -97

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -98,084       -18,821       -15,992
  41    U.S. official reserve
            assets                     -217           -56           -64
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies           -217           -56           -64
  46    U.S. government
            assets, other
            than official
            reserve assets           -3,593            28        -3,976
  47      U.S. credits and
            other long-term
            assets                      -79            -6           -14
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  492            39            39
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets              -4,006            -5        -4,001
  50    U.S. private assets         -94,274       -18,793       -11,952
  51      Direct investment         -19,076        -6,493        -1,903
  52      Foreign securities          2,167          -989           464
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -1,718           889        -1,275
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -75,647       -12,200        -9,238
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                39,995       -25,693        62,263
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            446           -92           234
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment          25,341        -3,590        32,653
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                4,759        -2,953         7,201
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                  1,600           140           657
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere   (18) 7,849   (18) -19,198  (18) 21,518
  70  Financial derivatives,
        net                            n.a.         1,807          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               69,014        47,630       -41,552

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -16,442        -4,545        -5,386
  73  Balance on services
        (lines 4 and 21)              2,089           674           710
  74  Balance on goods and
        services pines 2
        and 19)                     -14,354        -3,871        -4,675
  75  Balance on income
        (lines 12 and 29)            10,692           892         1,954
  76  Unilateral current
        transfers,
        net (line 35)                -6,877        -1,848        -1,902
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -10,539        -4,827        -4,623

                                                 Canada

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           343,076        85,564        91,201
   2    Exports of goods and
            services                296,693        73,538        78,705
   3      Goods, balance of
            payments basis (2)      249,717        61,584        66,121
   4      Services (3)               46,977        11,954        12,584
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             308            52            88
   6        Travel                   13,039         3,254         3,419
   7        Passenger fares           3,309           909           743
   8        Other
              transportation          3,365           815           854
   9        Royalties and
              license fees (5)        6,915         1,815         1,884
  10        Other private
              services (5)           19,938         5,078         5,574
  11        U.S. government
              miscellaneous
              services                  103            31            22
  12    Income receipts              46,382        12,046        12,496
  13      Income receipts on
              U.S.-owned
                assets abroad        46,229        12,007        12,454
  14        Direct investment
              receipts               23,078         5,948         6,444
  15        Other private
              receipts               23,151         6,059         6,010
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                   153            39            42
  18  Imports of goods and
          services and income
          payments                 -371,330       -93,448       -93,926
  19    Imports of goods and
            services               -342,870       -86,029       -87,448
  20      Goods, balance of
            payments basis (2)     -316,618       -77,997       -81,216
  21      Services (3)              -26,252        -8,032        -6,232
  22        Direct defense
              expenditures             -212           -52           -55
  23        Travel                   -7,245        -3,176        -1,147
  24        Passenger fares            -398          -136          -116
  25        Other
              transportation         -4,931        -1,259        -1,269
  26        Royalties and
              license fees (5)         -841          -214          -242
  27        Other private
              services (5)          -12,273        -3,103        -3,304
  28        U.S. government
              miscellaneous
              services                 -353           -92           -99
  29    Income payments             -28,460        -7,419        -6,478
  30      Income payments on
              foreign-owned
              assets in the
              United States         -27,939        -7,294        -6,334
  31        Direct investment
              payments              -13,162        -3,505        -2,488
  32        Other private
              payments              -13,010        -3,351        -3,450
  33        U.S. government
              payments               -1,767          -438          -396
  34      Compensation of
            employees                  -521          -125          -144
  35  Unilateral current
          transfers, net               -819          -219          -160
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                    -648          -162          -162
  38    Private remittances
          and other
          transfers (6)                -171           -57             2

          Capital account

  39  Capital account
        transactions, net               135            38            38

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -61,427        -7,625       -13,543
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets                0             0             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   0             0             0
  50    U.S. private assets         -61,428        -7,625       -13,543
  51      Direct investment         -24,016        -2,718       -11,769
  52      Foreign securities        -12,626          -850        -5,534
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                  1,135         1,125        -1,545
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -25,921        -5,182         5,305
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                75,527        24,903         7,724
  56    Foreign official
            assets in the
            United States               692        -1,055           846
  57      U.S. government
              securities               (17)          (17)          (17)
  58        U.S. Treasury
              securities (9)           (17)          (17)          (17)
  59        Other (10)                 (17)          (17)          (17)
  60      Other U.S.
            government
            liabilities (11)            122           107            55
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (17)          (17)          (17)
  62      Other foreign
            official
            assets (12)                (17)          (17)          (17)
  63    Other foreign assets
            in the United
            States                   74,835        25,958         6,878
  64      Direct investment          39,487        15,998         6,858
  65      U.S. Treasury
            securities                 (17)          (17)          (17)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               24,103         6,808         6,859
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (17)          (17)          (17)
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere       12,585         9,005        -7,538
  70  Financial derivatives,
        net                            n.a.          -590          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               14,838        -8,643         8,666

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -66,901       -16,413       -15,094
  73  Balance on services
        (lines 4 and 21)             20,724         3,922         6,352
  74  Balance on goods and
        services pines 2
        and 19)                     -46,176       -12,491        -8,742
  75  Balance on income
        (lines 12 and 29)            17,922         4,627         6,018
  76  Unilateral current
        transfers,
        net (line 35)                  -819          -219          -160
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -29,074        -8,083        -2,884

                                            Latin America and
                                        Other Western Hemisphere

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           494,895       129,212       130,579
   2    Exports of goods and
            services                324,077        83,567        86,957
   3      Goods, balance of
            payments basis (2)      243,558        62,145        65,450
   4      Services (3)               80,519        21,422        21,507
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             946           267           278
   6        Travel                   22,996         6,739         5,892
   7        Passenger fares           7,177         1,833         2,041
   8        Other
              transportation          6,114         1,592         1,674
   9        Royalties and
              license fees (5)        5,674         1,521         1,584
  10        Other private
              services (5)           37,445         9,427         9,992
  11        U.S. government
              miscellaneous
              services                  167            43            45
  12    Income receipts             170,818        45,645        43,622
  13      Income receipts on
              U.S.-owned
                assets abroad       170,600        45,590        43,567
  14        Direct investment
              receipts               60,031        16,168        16,295
  15        Other private
              receipts              110,323        29,385        27,186
  16        U.S. government
              receipts                  246            37            86
  17      Compensation of
            employees                   218            55            55
  18  Imports of goods and
          services and income
          payments                 -562,437      -144,146      -147,454
  19    Imports of goods and
            services               -409,303      -104,932      -109,273
  20      Goods, balance of
            payments basis (2)     -348,551       -89,424       -93,958
  21      Services (3)              -60,752       -15,508       -15,315
  22        Direct defense
              expenditures             -372           -92          -105
  23        Travel                  -24,197        -5,979        -5,727
  24        Passenger fares          -3,168          -930          -797
  25        Other
              transportation         -6,353        -1,635        -1,620
  26        Royalties and
              license fees (5)         -700          -189          -253
  27        Other private
              services (5)          -25,383        -6,532        -6,665
  28        U.S. government
              miscellaneous
              services                 -579          -151          -148
  29    Income payments            -153,134       -39,214       -38,181
  30      Income payments on
              foreign-owned
              assets in the
              United States        -145,752       -37,256       -36,184
  31        Direct investment
              payments               -7,978        -1,862        -1,751
  32        Other private
              payments             -120,427       -31,114       -29,858
  33        U.S. government
              payments              -17,347        -4,280        -4,575
  34      Compensation of
            employees                -7,382        -1,958        -1,996
  35  Unilateral current
          transfers, net            -28,642        -7,383        -6,987
  36    U.S. government
          grants (4)                 -2,535          -803          -581
  37    U.S. government
          pensions and other
          transfers                    -772          -204          -186
  38    Private remittances
          and other
          transfers (6)             -25,335        -6,376        -6,220

          Capital account

  39  Capital account
        transactions, net              -219           -93           -40

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))             -159,080        29,531        20,082
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              639            13           201
  47      U.S. credits and
            other long-term
            assets                     -254           -50           -60
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  898           159           264
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -6           -96            -3
  50    U.S. private assets        -159,719        29,518        19,881
  51      Direct investment         -35,635           697       -13,985
  52      Foreign securities         40,422       -35,309        -6,428
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 60,280        72,728        61,568
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere     -143,942        -8,598       -21,274
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               447,352       100,421       131,759
  56    Foreign official
            assets in the
            United States            74,466        15,636         8,755
  57      U.S. government
              securities               (17)          (17)          (17)
  58        U.S. Treasury
              securities (9)           (17)          (17)          (17)
  59        Other (10)                 (17)          (17)          (17)
  60      Other U.S.
            government
            liabilities (11)            110            28            13
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (17)          (17)          (17)
  62      Other foreign
            official
            assets (12)                (17)          (17)          (17)
  63    Other foreign assets
            in the United
            States                  372,886        84,785       123,004
  64      Direct investment           6,884         1,017         4,814
  65      U.S. Treasury
            securities                 (17)          (17)          (17)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               74,716       -27,130        22,401
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (17)          (17)          (17)
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere      226,882        85,148        78,642
  70  Financial derivatives,
        net                            n.a.        -2,181          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)             -191,870      -105,361      -127,939

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)           -104,993       -27,280       -28,509
  73  Balance on services
        (lines 4 and 21)             19,767         5,915         6,192
  74  Balance on goods and
        services pines 2
        and 19)                     -85,226       -21,365       -22,317
  75  Balance on income
        (lines 12 and 29)            17,684         6,432         5,441
  76  Unilateral current
        transfers,
        net (line 35)               -28,642        -7,383        -6,987
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -96,183       -22,316       -23,862

                                        South and Central America

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           324,649        84,095        86,652
   2    Exports of goods and
            services                280,846        72,343        74,692
   3      Goods, balance of
            payments basis (2)      223,614        57,305        59,348
   4      Services (3)               57,232        15,039        15,344
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             814           230           257
   6        Travel                   19,386         5,376         5,067
   7        Passenger fares           6,157         1,517         1,756
   8        Other
              transportation          4,878         1,290         1,333
   9        Royalties and
              license fees (5)        4,722         1,292         1,346
  10        Other private
              services (5)           21,145         5,300         5,549
  11        U.S. government
              miscellaneous
              services                  130            33            36
  12    Income receipts              43,803        11,752        11,960
  13      Income receipts on
              U.S.-owned
                assets abroad        43,613        11,704        11,912
  14        Direct investment
              receipts               29,408         7,969         8,077
  15        Other private
              receipts               13,991         3,702         3,753
  16        U.S. government
              receipts                  214            33            82
  17      Compensation of
            employees                   190            48            48
  18  Imports of goods and
          services and income
          payments                 -392,741      -101,106      -105,373
  19    Imports of goods and
            services               -362,491       -93,138       -97,535
  20      Goods, balance of
            payments basis (2)     -329,781       -84,810       -89,283
  21      Services (3)              -32,710        -8,328        -8,252
  22        Direct defense
              expenditures             -326           -82           -90
  23        Travel                  -18,641        -4,572        -4,529
  24        Passenger fares          -2,493          -724          -623
  25        Other
              transportation         -3,387          -859          -874
  26        Royalties and
              license fees (5)         -466          -135          -195
  27        Other private
              services (5)           -6,910        -1,830        -1,815
  28        U.S. government
              miscellaneous
              services                 -487          -127          -126
  29    Income payments             -30,250        -7,968        -7,838
  30      Income payments on
              foreign-owned
              assets in the
              United States         -22,989        -6,048        -5,885
  31        Direct investment
              payments               -3,952        -1,065          -819
  32        Other private
              payments               -9,436        -2,449        -2,360
  33        U.S. government
              payments               -9,601        -2,534        -2,706
  34      Compensation of
            employees                -7,261        -1,920        -1,952
  35  Unilateral current
          transfers, net            -24,399        -6,372        -6,065
  36    U.S. government
          grants (4)                 -2,155          -694          -523
  37    U.S. government
          pensions and other
          transfers                    -640          -168          -154
  38    Private remittances
          and other
          transfers (6)             -21,604        -5,510        -5,388

          Capital account

  39  Capital account
        transactions, net              -222           -94           -41

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -57,739       -24,883        -8,911
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              579            -7           187
  47      U.S. credits and
            other long-term
            assets                     -165           -45           -60
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  747           132           250
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -4           -94            -3
  50    U.S. private assets         -58,317       -24,875        -9,098
  51      Direct investment         -21,853        -6,361        -6,584
  52      Foreign securities         -7,697        -2,718          -278
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -1,081          -335           475
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -27,686       -15,461        -1,761
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               119,115        23,422        25,054
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            108            26            12
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           2,942         1,253          -460
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                7,314         2,678           136
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (18)          (18)          (18)
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 108,751  (18) 19,465   (18) 25,366
  70  Financial derivatives,
        net                            n.a.           936          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               31,336        24,002         8,683

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)           -106,167       -27,505       -29,935
  73  Balance on services
        (lines 4 and 21)             24,522         6,710         7,092
  74  Balance on goods and
        services pines 2
        and 19)                     -81,645       -20,795       -22,843
  75  Balance on income
        (lines 12 and 29)            13,553         3,783         4,123
  76  Unilateral current
        transfers,
        net (line 35)               -24,399        -6,372        -6,065
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -92,491       -23,383       -24,785

                                                Argentina

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            10,920         3,034         2,970
   2    Exports of goods and
            services                  8,644         2,345         2,287
   3      Goods, balance of
            payments basis (2)        5,831         1,605         1,635
   4      Services (3)                2,814           740           651
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)              12             2             3
   6        Travel                      825           242           133
   7        Passenger fares             396           106            99
   8        Other
              transportation            154            42            42
   9        Royalties and
              license fees (5)          288            80            87
  10        Other private
              services (5)            1,131           266           285
  11        U.S. government
              miscellaneous
              services                    8             2             2
  12    Income receipts               2,276           689           684
  13      Income receipts on
              U.S.-owned
                assets abroad         2,268           687           682
  14        Direct investment
              receipts                1,598           502           502
  15        Other private
              receipts                  661           183           179
  16        U.S. government
              receipts                    9             2             1
  17      Compensation of
            employees                     8             2             2
  18  Imports of goods and
          services and income
          payments                   -6,382        -1,539        -1,831
  19    Imports of goods and
            services                 -5,606        -1,341        -1,643
  20      Goods, balance of
            payments basis (2)       -4,492        -1,055        -1,380
  21      Services (3)               -1,113          -286          -263
  22        Direct defense
              expenditures               -8            -2            -2
  23        Travel                     -568          -141          -122
  24        Passenger fares             -76           -22           -18
  25        Other
              transportation           -119           -28           -33
  26        Royalties and
              license fees (5)          -11            -4            -2
  27        Other private
              services (5)             -320           -87           -83
  28        U.S. government
              miscellaneous
              services                  -12            -3            -3
  29    Income payments                -776          -198          -189
  30      Income payments on
              foreign-owned
              assets in the
              United States            -766          -196          -186
  31        Direct investment
              payments                  -22            -8            -6
  32        Other private
              payments                 -555          -141          -136
  33        U.S. government
              payments                 -189           -47           -44
  34      Compensation of
            employees                   -10            -2            -3
  35  Unilateral current
          transfers, net               -142           -40           -40
  36    U.S. government
          grants (4)                     -2           (*)           (*)
  37    U.S. government
          pensions and other
          transfers                     -28            -7            -7
  38    Private remittances
          and other
          transfers (6)                -112           -33           -33

          Capital account

  39  Capital account
        transactions, net                -1            -3             1

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -4,881        -1,479           236
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              112             4            11
  47      U.S. credits and
            other long-term
            assets                       -1             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  110           (*)            11
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   3             4             0
  50    U.S. private assets          -4,993        -1,483           225
  51      Direct investment          -1,474          -575          -439
  52      Foreign securities         -1,830          -129           790
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                     12           -64            33
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -1,701          -715          -159
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                 1,925           423           846
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              6             3             1
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment            -167          -182            28
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                  349           115            74
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                     26           -73            22
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere   (18) 1,711      (18) 560      (18) 721
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               -1,440          -396        -2,182

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)              1,338           550           256
  73  Balance on services
        (lines 4 and 21)              1,700           454           389
  74  Balance on goods and
        services pines 2
        and 19)                       3,039         1,004           644
  75  Balance on income
        (lines 12 and 29)             1,499           491           495
  76  Unilateral current
        transfers,
        net (line 35)                  -142           -40           -40
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)              4,396         1,455         1,099

                                                   Brazil

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            46,847        12,443        13,198
   2    Exports of goods and
            services                 33,270         8,696         9,323
   3      Goods, balance of
            payments basis (2)       24,495         6,416         7,023
   4      Services (3)                8,775         2,280         2,300
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)              56            17            29
   6        Travel                    2,170           643           493
   7        Passenger fares             806           182           253
   8        Other
              transportation            892           236           238
   9        Royalties and
              license fees (5)        1,466           381           410
  10        Other private
              services (5)            3,377           818           874
  11        U.S. government
              miscellaneous
              services                    8             2             3
  12    Income receipts              13,577         3,748         3,875
  13      Income receipts on
              U.S.-owned
                assets abroad        13,557         3,743         3,870
  14        Direct investment
              receipts                8,539         2,433         2,469
  15        Other private
              receipts                4,925         1,307         1,359
  16        U.S. government
              receipts                   93             3            42
  17      Compensation of
            employees                    20             5             5
  18  Imports of goods and
          services and income
          payments                  -34,400        -9,336        -9,020
  19    Imports of goods and
            services                -28,795        -7,814        -7,257
  20      Goods, balance of
            payments basis (2)      -25,640        -6,901        -6,436
  21      Services (3)               -3,155          -913          -821
  22        Direct defense
              expenditures              -10            -2            -2
  23        Travel                     -872          -321          -192
  24        Passenger fares            -313           -82           -96
  25        Other
              transportation           -484          -120          -124
  26        Royalties and
              license fees (5)          -14            -3            -3
  27        Other private
              services (5)           -1,443          -380          -399
  28        U.S. government
              miscellaneous
              services                  -19            -5            -5
  29    Income payments              -5,605        -1,522        -1,763
  30      Income payments on
              foreign-owned
              assets in the
              United States          -5,587        -1,519        -1,757
  31        Direct investment
              payments                  -63            25           -32
  32        Other private
              payments               -1,150          -322          -336
  33        U.S. government
              payments               -4,374        -1,222        -1,389
  34      Compensation of
            employees                   -18            -3            -6
  35  Unilateral current
          transfers, net               -874          -228          -233
  36    U.S. government
          grants (4)                    -24            -6            -6
  37    U.S. government
          pensions and other
          transfers                     -22            -7            -5
  38    Private remittances
          and other
          transfers (6)                -828          -215          -222

          Capital account

  39  Capital account
        transactions, net                -8            -3            -2

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -26,063       -11,857        -4,066
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              206            18            88
  47      U.S. credits and
            other long-term
            assets                       -1           (*)             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  207            14            88
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   0             4             0
  50    U.S. private assets         -26,269       -11,875        -4,154
  51      Direct investment          -3,384        -1,126        -2,006
  52      Foreign securities        -12,081        -3,685        -3,111
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    212           119          -255
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -11,016        -7,183         1,218
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                87,318        24,030        14,069
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)             -9           -10            -6
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment             955          (18)          (18)
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                 -895            55          -774
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    679            72           494
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 86,588   (18) 23,913   (18) 14,355
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)              -72,820       -15,049       -13,946

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)             -1,145          -485           586
  73  Balance on services
        (lines 4 and 21)              5,620         1,367         1,480
  74  Balance on goods and
        services pines 2
        and 19)                       4,475           882         2,066
  75  Balance on income
        (lines 12 and 29)             7,972         2,226         2,112
  76  Unilateral current
        transfers,
        net (line 35)                  -874          -228          -233
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             11,573         2,880         3,945

                                                     Mexico

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           175,959        44,861        45,292
   2    Exports of goods and
            services                160,673        40,921        41,209
   3      Goods, balance of
            payments basis (2)      136,413        34,797        34,634
   4      Services (3)               24,260         6,125         6,575
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)              18             4             3
   6        Travel                    7,274         1,767         2,077
   7        Passenger fares           2,312           557           544
   8        Other
              transportation          1,526           405           405
   9        Royalties and
              license fees (5)        1,973           561           551
  10        Other private
              services (5)           11,137         2,825         2,987
  11        U.S. government
              miscellaneous
              services                   21             6             7
  12    Income receipts              15,285         3,940         4,083
  13      Income receipts on
              U.S.-owned
                assets abroad        15,251         3,931         4,074
  14        Direct investment
              receipts               10,854         2,772         2,897
  15        Other private
              receipts                4,389         1,157         1,175
  16        U.S. government
              receipts                    8             2             2
  17      Compensation of
            employees                    35             9             9
  18  Imports of goods and
          services and income
          payments                 -243,931       -61,906       -64,787
  19    Imports of goods and
            services               -229,991       -58,235       -61,150
  20      Goods, balance of
            payments basis (2)     -213,725       -54,389       -56,991
  21      Services (3)              -16,266        -3,846        -4,159
  22        Direct defense
              expenditures              -13            -4            -5
  23        Travel                  -10,662        -2,341        -2,691
  24        Passenger fares            -774          -231          -176
  25        Other
              transportation         -1,062          -266          -273
  26        Royalties and
              license fees (5)         -280           -83           -86
  27        Other private
              services (5)           -3,292          -872          -880
  28        U.S. government
              miscellaneous
              services                 -183           -49           -48
  29    Income payments             -13,940        -3,671        -3,637
  30      Income payments on
              foreign-owned
              assets in the
              United States          -6,780        -1,767        -1,719
  31        Direct investment
              payments                 -916           (D)           (D)
  32        Other private
              payments               -2,732          -706          -703
  33        U.S. government
              payments               -3,132           (D)           (D)
  34      Compensation of
            employees                -7,159        -1,904        -1,918
  35  Unilateral current
          transfers, net            -11,579        -2,924        -2,936
  36    U.S. government
          grants (4)                    -94           -25           -28
  37    U.S. government
          pensions and other
          transfers                    -292           -74           -72
  38    Private remittances
          and other
          transfers (6)             -11,193        -2,825        -2,836

          Capital account

  39  Capital account
        transactions, net              -118           -33           -27

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -12,573        -4,878        -4,576
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               36             8             0
  47      U.S. credits and
            other long-term
            assets                      -12             0           -10
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                   48            15            11
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   0            -7            -1
  50    U.S. private assets         -12,609        -4,886        -4,576
  51      Direct investment          -9,044        -1,909        -2,720
  52      Foreign securities          2,932           361          -258
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -653          -141           -58
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -5,844        -3,197        -1,540
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                13,346           522         4,288
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              2            -1             3
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment             805           196           -40
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                4,132         1,240          -444
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    578           353          -123
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere   (18) 7,829   (18) -1,266    (18) 4,892
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               78,896        24,357        22,746

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -77,312       -19,592       -22,357
  73  Balance on services
        (lines 4 and 21)              7,995         2,278         2,416
  74  Balance on goods and
        services pines 2
        and 19)                     -69,318       -17,314       -19,942
  75  Balance on income
        (lines 12 and 29)             1,345           269           446
  76  Unilateral current
        transfers,
        net (line 35)               -11,579        -2,924        -2,936
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -79,551       -19,969       -22,432

                                                Venezuela

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            17,083         4,489         4,348
   2    Exports of goods and
            services                 13,907         3,715         3,594
   3      Goods, balance of
            payments basis (2)       10,192         2,665         2,570
   4      Services (3)                3,716         1,049         1,024
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)               2           (*)           (*)
   6        Travel                    1,580           515           441
   7        Passenger fares             540           147           178
   8        Other
              transportation            192            54            55
   9        Royalties and
              license fees (5)          217            57            63
  10        Other private
              services (5)            1,183           276           286
  11        U.S. government
              miscellaneous
              services                    2           (*)           (*)
  12    Income receipts               3,176           775           754
  13      Income receipts on
              U.S.-owned
                assets abroad         3,165           772           751
  14        Direct investment
              receipts                2,453           587           566
  15        Other private
              receipts                  706           185           182
  16        U.S. government
              receipts                    6             0             3
  17      Compensation of
            employees                    11             3             3
  18  Imports of goods and
          services and income
          payments                  -43,044       -11,085       -13,310
  19    Imports of goods and
            services                -40,544       -10,361       -12,820
  20      Goods, balance of
            payments basis (2)      -39,910       -10,186       -12,652
  21      Services (3)                 -634          -176          -168
  22        Direct defense
              expenditures               -3            -1            -1
  23        Travel                     -284           -86           -79
  24        Passenger fares             -70           -19           -18
  25        Other
              transportation           -114           -31           -30
  26        Royalties and
              license fees (5)           -1           (*)           (*)
  27        Other private
              services (5)             -150           -35           -37
  28        U.S. government
              miscellaneous
              services                  -11            -3            -3
  29    Income payments              -2,501          -724          -490
  30      Income payments on
              foreign-owned
              assets in the
              United States          -2,489          -722          -486
  31        Direct investment
              payments               -1,119           (D)           (D)
  32        Other private
              payments               -1,138          -283          -267
  33        U.S. government
              payments                 -232           (D)           (D)
  34      Compensation of
            employees                   -12            -2            -4
  35  Unilateral current
          transfers, net                 58           -61            49
  36    U.S. government
          grants (4)                     -9            -2            -3
  37    U.S. government
          pensions and other
          transfers                      -5            -2            -1
  38    Private remittances
          and other
          transfers (6)                  72           -27            53

          Capital account

  39  Capital account
        transactions, net                10             3             3

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -2,896        -1,461            13
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               11           (*)             6
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                   12             0             6
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -1           (*)             0
  50    U.S. private assets          -2,907        -1,460             7
  51      Direct investment          -1,229        -1,015          -388
  52      Foreign securities         -1,452          -210            -1
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -192           -11           -66
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere          -34          -224           462
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                   601           284           189
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              0             0             0
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment              39          (18)          (18)
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                 -338           -72             6
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    224           -77           -29
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere     (18) 676      (18) 433      (18) 212
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               28,189         7,801         8,709

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -29,718        -7,521       -10,082
  73  Balance on services
        (lines 4 and 21)              3,082           874           856
  74  Balance on goods and
        services pines 2
        and 19)                     -26,636        -6,647        -9,226
  75  Balance on income
        (lines 12 and 29)               675            51           263
  76  Unilateral current
        transfers,
        net (line 35)                    58           -31            49
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -25,904        -6,627        -8,914

                                              Other South and
                                              Central America

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            73,841        19,267        20,844
   2    Exports of goods and
            services                 64,352        16,666        18,280
   3      Goods, balance of
            payments basis (2)       46,684        11,821        13,486
   4      Services (3)               17,667         4,845         4,794
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             727           206           221
   6        Travel                    7,537         2,209         1,923
   7        Passenger fares           2,103           525           682
   8        Other
              transportation          2,114           553           593
   9        Royalties and
              license fees (5)          778           214           234
  10        Other private
              services (5)            4,317         1,115         1,117
  11        U.S. government
              miscellaneous
              services                   91            23            24
  12    Income receipts               9,490         2,601         2,565
  13      Income receipts on
              U.S.-owned
                assets abroad         9,373         2,572         2,535
  14        Direct investment
              receipts                5,965         1,676         1,643
  15        Other private
              receipts                3,310           870           858
  16        U.S. government
              receipts                   98            26            34
  17      Compensation of
            employees                   116            29            29
  18  Imports of goods and
          services and income
          payments                  -64,985       -17,240       -16,423
  19    Imports of goods and
            services                -57,556       -15,386       -14,665
  20      Goods, balance of
            payments basis (2)      -46,014       -12,279       -11,824
  21      Services (3)              -11,542        -3,107        -2,841
  22        Direct defense
              expenditures             -292           -73           -80
  23        Travel                   -6,255        -1,683        -1,445
  24        Passenger fares          -1,260          -370          -315
  25        Other
              transportation         -1,608          -414          -414
  26        Royalties and
              license fees (5)         -160           -45          -104
  27        Other private
              services (5)           -1,705          -456          -416
  28        U.S. government
              miscellaneous
              services                 -262           -67           -67
  29    Income payments              -7,429        -1,854        -1,759
  30      Income payments on
              foreign-owned
              assets in the
              United States          -7,367        -1,845        -1,738
  31        Direct investment
              payments               -1,832          -427          -383
  32        Other private
              payments               -3,861          -997          -918
  33        U.S. government
              payments               -1,674          -421          -437
  34      Compensation of
            employees                   -61            -9           -20
  35  Unilateral current
          transfers, net            -11,862        -3,148        -2,904
  36    U.S. government
          grants (4)                 -2,026          -660          -485
  37    U.S. government
          pensions and other
          transfers                    -293           -78           -69
  38    Private remittances
          and other
          transfers (6)              -9,543        -2,410        -2,350

          Capital account

  39  Capital account
        transactions, net              -106           -58           -16

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -11,325        -5,207          -518
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              214           -37            82
  47      U.S. credits and
            other long-term
            assets                     -150           -45           -50
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  370           103           134
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -6           -95            -2
  50    U.S. private assets         -11,539        -5,170          -600
  51      Direct investment          -6,722        -1,735        -1,031
  52      Foreign securities          4,734           945         2,302
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -460          -238          -129
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -9,091        -4,142        -1,742
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                15,926        -1,837         5,662
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            109            34            14
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           1,311           -40           583
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                4,066         1,340         1,274
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (18)          (18)           -10
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 10,440   (18) -3,171    (18) 3,791
  70  Financial derivatives,
        net                            n.a.           936          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               -1,489         7,287        -6,646

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)                670          -458         1,662
  73  Balance on services
        (lines 4 and 21)              6,125         1,737         1,953
  74  Balance on goods and
        services pines 2
        and 19)                       6,796         1,280         3,615
  75  Balance on income
        (lines 12 and 29)             2,061           747           806
  76  Unilateral current
        transfers,
        net (line 35)               -11,862        -3,148        -2,904
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             -3,005        -1,122         1,517

                                         Other Western Hemisphere

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           170,246        45,117        43,926
   2    Exports of goods and
            services                 43,231        11,223        12,265
   3      Goods, balance of
            payments basis (2)       19,943         4,840         6,102
   4      Services (3)               23,288         6,384         6,163
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             132            37            21
   6        Travel                    3,610         1,363           825
   7        Passenger fares           1,020           316           285
   8        Other
              transportation          1,236           302           341
   9        Royalties and
              license fees (5)          952           229           239
  10        Other private
              services (5)           16,300         4,127         4,443
  11        U.S. government
              miscellaneous
              services                   37            10             9
  12    Income receipts             127,015        33,894        31,662
  13      Income receipts on
              U.S.-owned
                assets abroad       126,987        33,887        31,655
  14        Direct investment
              receipts               30,623         8,200         8,218
  15        Other private
              receipts               96,332        25,683        23,433
  16        U.S. government
              receipts                   32             4             4
  17      Compensation of
            employees                    28             7             7
  18  Imports of goods and
          services and income
          payments                 -169,696       -43,040       -42,081
  19    Imports of goods and
            services                -46,812       -11,794       -11,738
  20      Goods, balance of
            payments basis (2)      -18,770        -4,615        -4,675
  21      Services (3)              -28,042        -7,179        -7,063
  22        Direct defense
              expenditures              -46           -10           -15
  23        Travel                   -5,556        -1,407        -1,198
  24        Passenger fares            -675          -206          -174
  25        Other
              transportation         -2,966          -776          -746
  26        Royalties and
              license fees (5)         -234           -54           -58
  27        Other private
              services (5)          -18,473        -4,702        -4,850
  28        U.S. government
              miscellaneous
              services                  -92           -24           -22
  29    Income payments            -122,884       -31,246       -30,343
  30      Income payments on
              foreign-owned
              assets in the
              United States        -122,762       -31,208       -30,299
  31        Direct investment
              payments               -4,025          -797          -932
  32        Other private
              payments             -110,991       -28,665       -27,498
  33        U.S. government
              payments               -7,746        -1,746        -1,869
  34      Compensation of
            employees                  -121           -38           -44
  35  Unilateral current
          transfers, net             -4,243        -1,011          -922
  36    U.S. government
          grants (4)                   -380          -109           -58
  37    U.S. government
          pensions and other
          transfers                    -132           -36           -32
  38    Private remittances
          and other
          transfers (6)              -3,731          -866          -832

          Capital account

  39  Capital account
        transactions, net                 3             1             1

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))             -101,341        54,414        28,993
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               60            20            14
  47      U.S. credits and
            other long-term
            assets                      -69            -5             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  151            27            14
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -2            -2             0
  50    U.S. private assets        -101,401        54,394        28,979
  51      Direct investment         -13,781         7,059        -7,401
  52      Foreign securities        -32,725       -32,591        -6,150
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 61,361        73,063        62,043
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere     -116,256         6,863       -19,513
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               328,237        76,999       106,705
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              2             2             1
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           3,942          -236         5,274
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               67,402       -29,808        22,265
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (18)          (18)           -11
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 256,891  (18) 107,041  (18) 79,165
  70  Financial derivatives,
        net                            n.a.        -3,117          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)             -223,206      -129,363      -136,622

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)              1,173           225         1,427
  73  Balance on services
        (lines 4 and 21)             -4,755          -796          -900
  74  Balance on goods and
        services pines 2
        and 19)                      -3,581          -571           526
  75  Balance on income
        (lines 12 and 29)             4,131         2,648         1,319
  76  Unilateral current
        transfers,
        net (line 35)                -4,243        -1,011          -922
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             -3,693         1,067           923

                                            Asia and Pacific

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           546,453       140,932       146,063
   2    Exports of goods and
            services                432,826       111,059       116,311
   3      Goods, balance of
            payments basis (2)      308,367        78,240        83,633
   4      Services (3)              124,458        32,818        32,678
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           3,805           812         1,065
   6        Travel                   26,095         7,904         6,093
   7        Passenger fares           6,300         1,610         1,835
   8        Other
              transportation         17,789         4,532         4,955
   9        Royalties and
              license fees (5)       23,015         5,867         6,248
  10        Other private
              services (5)           46,991        11,985        12,354
  11        U.S. government
              miscellaneous
              services                  463           109           128
  12    Income receipts             113,627        29,873        29,751
  13      Income receipts on
              U.S.-owned
                assets abroad       113,228        29,773        29,651
  14        Direct investment
              receipts               68,940        18,145        18,420
  15        Other private
              receipts               43,832        11,529        11,107
  16        U.S. government
              receipts                  456            99           124
  17      Compensation of
            employees                   399           100           100
  18  Imports of goods and
          services and income
          payments                 -961,981      -248,433      -252,178
  19    Imports of goods and
            services               -806,574      -208,800      -212,482
  20      Goods, balance of
            payments basis (2)     -718,636      -186,923      -189,279
  21      Services (3)              -87,938       -21,877       -23,203
  22        Direct defense
              expenditures           -6,233        -1,505        -1,676
  23        Travel                  -15,828        -3,740        -3,943
  24        Passenger fares          -9,476        -2,279        -2,462
  25        Other
              transportation        -23,443        -6,097        -5,989
  26        Royalties and
              license fees (5)       -8,696        -1,996        -2,506
  27        Other private
              services (5)          -23,571        -6,083        -6,449
  28        U.S. government
              miscellaneous
              services                 -691          -178          -178
  29    Income payments            -155,406       -39,633       -39,696
  30      Income payments on
              foreign-owned
              assets in the
              United States        -154,329       -39,446       -39,361
  31        Direct investment
              payments              -21,122        -5,606        -5,299
  32        Other private
              payments              -39,007       -10,071       -10,631
  33        U.S. government
              payments              -94,200       -23,769       -23,431
  34      Compensation of
            employees                -1,077          -187          -335
  35  Unilateral current
          transfers, net            -18,909        -4,489        -6,419
  36    U.S. government
          grants (4)                 -9,094        -1,780        -4,219
  37    U.S. government
          pensions and other
          transfers                    -894          -221          -217
  38    Private remittances
          and other
          transfers (6)              -8,921        -2,488        -1,983

          Capital account

  39  Capital account
        transactions, net              -977          -245          -245

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -8,553        37,921       -13,925
  41    U.S. official reserve
            assets                      -93           -28           -23
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            -93           -28           -23
  46    U.S. government
            assets, other
            than official
            reserve assets              785           347           133
  47      U.S. credits and
            other long-term
            assets                     -225           -16           -46
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                1,002           343           180
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   8            20            -1
  50    U.S. private assets          -9,245        37,602       -14,035
  51      Direct investment         -56,882       -11,872       -15,095
  52      Foreign securities          8,427         2,682        15,611
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                  6,529         4,835           784
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       32,681        41,957       -15,335
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               355,233        25,476       117,190
  56    Foreign official
            assets in the
            United States           255,311         2,976        91,893
  57      U.S. government
              securities               (17)          (17)          (17)
  58        U.S. Treasury
              securities (9)           (17)          (17)          (17)
  59        Other (10)                 (17)          (17)          (17)
  60      Other U.S.
            government
            liabilities (11)          6,013         1,114         3,444
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (17)          (17)          (17)
  62      Other foreign
            official
            assets (12)                (17)          (17)          (17)
  63    Other foreign assets
            in the United
            States                   99,922        22,500        25,297
  64      Direct investment          39,768         9,790        12,509
  65      U.S. Treasury
            securities                 (17)          (17)          (17)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               29,384         5,209         5,720
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (17)          (17)          (17)
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere       71,292        36,992        14,577
  70  Financial derivatives,
        net                            n.a.        -1,399          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               88,734        50,238         9,515

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)           -410,269      -108,682      -105,645
  73  Balance on services
        (lines 4 and 21)             36,520        10,941         9,474
  74  Balance on goods and
        services pines 2
        and 19)                    -373,749       -97,741       -96,171
  75  Balance on income
        (lines 12 and 29)           -41,779        -9,760        -9,945
  76  Unilateral current
        transfers,
        net (line 35)               -18,909        -4,489        -6,419
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)           -434,437      -111,990      -112,535

                                               Australia

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            44,527        11,692        11,805
   2    Exports of goods and
            services                 28,997         7,615         7,771
   3      Goods, balance of
            payments basis (2)       18,638         4,883         5,025
   4      Services (3)               10,359         2,732         2,746
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             586           115           106
   6        Travel                    2,718           810           640
   7        Passenger fares             624           161           186
   8        Other
              transportation            361           100           106
   9        Royalties and
              license fees (5)        1,447           354           389
  10        Other private
              services (5)            4,605         1,188         1,313
  11        U.S. government
              miscellaneous
              services                   18             4             6
  12    Income receipts              15,530         4,077         4,034
  13      Income receipts on
              U.S.-owned
                assets abroad        15,502         4,070         4,027
  14        Direct investment
              receipts                7,958         2,016         2,055
  15        Other private
              receipts                7,544         2,054         1,972
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                    28             7             7
  18  Imports of goods and
          services and income
          payments                  -21,683        -5,625        -5,493
  19    Imports of goods and
            services                -15,047        -3,905        -4,048
  20      Goods, balance of
            payments basis (2)       -8,572        -2,251        -2,249
  21      Services (3)               -6,475        -1,655        -1,800
  22        Direct defense
              expenditures             -150           -27           -40
  23        Travel                   -1,329          -322          -341
  24        Passenger fares          -1,003          -239          -287
  25        Other
              transportation           -338           -86           -90
  26        Royalties and
              license fees (5)         -414          -105          -137
  27        Other private
              services (5)           -3,156          -852          -878
  28        U.S. government
              miscellaneous
              services                  -86           -24           -27
  29    Income payments              -6,636        -1,720        -1,444
  30      Income payments on
              foreign-owned
              assets in the
              United States          -6,618        -1,716        -1,439
  31        Direct investment
              payments               -1,860          -448          -362
  32        Other private
              payments               -3,736        -1,012          -829
  33        U.S. government
              payments               -1,022          -256          -248
  34      Compensation of
            employees                   -18            -4            -5
  35  Unilateral current
          transfers, net               -201           -54           -35
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                     -77           -20           -19
  38    Private remittances
          and other
          transfers (6)                -124           -34           -16

          Capital account

  39  Capital account
        transactions, net               -27            -7            -7

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -14,012         5,974        -2,147
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               -1            -1             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -1            -1             0
  50    U.S. private assets         -14,011         5,975        -2,147
  51      Direct investment          -9,045        -2,673        -1,523
  52      Foreign securities         -5,546         1,869          -310
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 18,582        12,724         2,560
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -18,002        -5,945        -2,874
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                 2,134       -13,715        -6,402
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            285           143            70
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           3,958         1,469         1,434
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               10,259            25         1,060
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                  1,065           486            81
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) -13,433  (18) -15,838  (18) -9,047
  70  Financial derivatives,
        net                            n.a.            35          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)              -10,738         1,700         2,279

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)             10,066         2,632         2,777
  73  Balance on services
        (lines 4 and 21)              3,884         1,078           946
  74  Balance on goods and
        services pines 2
        and 19)                      13,950         3,710         3,722
  75  Balance on income
        (lines 12 and 29)             8,894         2,357         2,590
  76  Unilateral current
        transfers,
        net (line 35)                  -201           -54           -35
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             22,643         6,013         6,277

                                                    China

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            85,096        21,797        23,510
   2    Exports of goods and
            services                 78,184        19,907        21,704
   3      Goods, balance of
            payments basis (2)       65,077        16,248        18,361
   4      Services (3)               13,107         3,659         3,343
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)               0             0             0
   6        Travel                    2,013           717           377
   7        Passenger fares             554           175           138
   8        Other
              transportation          2,660           688           722
   9        Royalties and
              license fees (5)        1,653           398           440
  10        Other private
              services (5)            6,203         1,672         1,659
  11        U.S. government
              miscellaneous
              services                   24             9             7
  12    Income receipts               6,911         1,890         1,806
  13      Income receipts on
              U.S.-owned
                assets abroad         6,872         1,880         1,796
  14        Direct investment
              receipts                5,877         1,590         1,602
  15        Other private
              receipts                  941           272           186
  16        U.S. government
              receipts                   54            18             8
  17      Compensation of
            employees                    40            10            10
  18  Imports of goods and
          services and income
          payments                 -375,189      -100,369      -101,345
  19    Imports of goods and
            services               -329,833       -88,647       -89,085
  20      Goods, balance of
            payments basis (2)     -321,707       -86,526       -87,076
  21      Services (3)               -8,126        -2,121        -2,009
  22        Direct defense
              expenditures               -4            -1            -1
  23        Travel                   -2,339          -551          -504
  24        Passenger fares            -664          -193          -143
  25        Other
              transportation         -3,379          -890          -870
  26        Royalties and
              license fees (5)          -77           -19           -22
  27        Other private
              services (5)           -1,631          -458          -461
  28        U.S. government
              miscellaneous
              services                  -32            -9            -8
  29    Income payments             -45,355       -11,721       -12,260
  30      Income payments on
              foreign-owned
              assets in the
              United States         -44,963       -11,638       -12,148
  31        Direct investment
              payments                  -35            -9           -13
  32        Other private
              payments               -7,221        -1,956        -2,237
  33        U.S. government
              payments              -37,707        -9,673        -9,898
  34      Compensation of
            employees                  -392           -63          -111
  35  Unilateral current
          transfers, net             -2,154          -575          -497
  36    U.S. government
          grants (4)                    -10            -3            -2
  37    U.S. government
          pensions and other
          transfers                      -7            -2            -1
  38    Private remittances
          and other
          transfers (6)              -2,137          -570          -494

          Capital account

  39  Capital account
        transactions, net              -167           -42           -42

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))                2,245         2,394        -1,097
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              123            40            22
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  124            39            21
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -1             1             1
  50    U.S. private assets           2,122         2,354        -1,119
  51      Direct investment          -6,329        -1,327        -1,273
  52      Foreign securities         11,983           791         1,460
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -100           279           -38
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -3,432         2,611        -1,268
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))               221,774        34,118        48,849
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              0           -22             0
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment             125            13            76
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               -5,411        -4,132        -8,936
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -459           435        -2,801
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 227,519  (18) 37,824   (18) 60,510
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               68,395        42,676        30,622

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)           -256,630       -70,278       -68,715
  73  Balance on services
        (lines 4 and 21)              4,981         1,538         1,334
  74  Balance on goods and
        services pines 2
        and 19)                    -251,649       -68,740       -67,381
  75  Balance on income
        (lines 12 and 29)           -38,444        -9,831       -10,454
  76  Unilateral current
        transfers,
        net (line 35)                -2,154          -575          -497
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)           -292,247       -79,146       -78,332

                                                 Hong Kong

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            37,549        10,302        10,587
   2    Exports of goods and
            services                 25,936         6,740         7,098
   3      Goods, balance of
            payments basis (2)       20,090         5,231         5,459
   4      Services (3)                5,846         1,508         1,640
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             (*)           (*)           (*)
   6        Travel                      500           164            96
   7        Passenger fares             147            37            41
   8        Other
              transportation          1,401           358           428
   9        Royalties and
              license fees (5)          661           166           200
  10        Other private
              services (5)            3,120           781           872
  11        U.S. government
              miscellaneous
              services                   16             2             3
  12    Income receipts              11,612         3,562         3,489
  13      Income receipts on
              U.S.-owned
                assets abroad        11,542         3,544         3,471
  14        Direct investment
              receipts                9,265         2,926         2,846
  15        Other private
              receipts                2,271           615           625
  16        U.S. government
              receipts                    6             3             0
  17      Compensation of
            employees                    71            18            18
  18  Imports of goods and
          services and income
          payments                  -20,301        -5,199        -5,345
  19    Imports of goods and
            services                -13,771        -3,569        -3,709
  20      Goods, balance of
            payments basis (2)       -7,093        -1,888        -1,978
  21      Services (3)               -6,678        -1,681        -1,731
  22        Direct defense
              expenditures              -20            -2            -5
  23        Travel                   -1,169          -306          -289
  24        Passenger fares          -1,277          -300          -305
  25        Other
              transportation         -2,064          -537          -540
  26        Royalties and
              license fees (5)          -56           -11           -26
  27        Other private
              services (5)           -2,051          -515          -556
  28        U.S. government
              miscellaneous
              services                  -41           -10           -10
  29    Income payments              -6,530        -1,630        -1,636
  30      Income payments on
              foreign-owned
              assets in the
              United States          -6,514        -1,628        -1,631
  31        Direct investment
              payments                 -271           -74           -63
  32        Other private
              payments               -3,777          -956        -1,120
  33        U.S. government
              payments               -2,466          -598          -448
  34      Compensation of
            employees                   -16            -2            -6
  35  Unilateral current
          transfers, net                -37            -9            13
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                     -12            -3            -3
  38    Private remittances
          and other
          transfers (6)                 -25            -6            16

          Capital account

  39  Capital account
        transactions, net               -22            -6            -6

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -6,588       -12,193         3,389
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              280            14             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                   28            14             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   0             0             0
  50    U.S. private assets          -6,616       -12,207         3,389
  51      Direct investment          -6,830        -2,283        -2,337
  52      Foreign securities          9,773        -1,816         7,981
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -7,706        -8,203           490
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -1,853            95        -2,745
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                17,717        10,826         6,740
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)             -4             0             0
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment            -524          -388          -107
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                7,795         6,637         1,632
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    409           366           -87
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 10,041    (18) 4,211    (18) 5,302
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)              -28,318        -3,721       -15,378

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)             12,997         3,343         3,481
  73  Balance on services
        (lines 4 and 21)               -832          -173           -91
  74  Balance on goods and
        services pines 2
        and 19)                      12,166         3,170         3,390
  75  Balance on income
        (lines 12 and 29)             5,082         1,932         1,852
  76  Unilateral current
        transfers,
        net (line 35)                   -37            -9            13
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             17,211         5,094         5,255

                                                 India

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            29,862         9,265         8,375
   2    Exports of goods and
            services                 25,885         8,126         7,209
   3      Goods, balance of
            payments basis (2)       17,520         5,763         5,495
   4      Services (3)                8,365         2,363         1,714
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             102            19            10
   6        Travel                    2,612           807           410
   7        Passenger fares             968           281           155
   8        Other
              transportation            468           124           137
   9        Royalties and
              license fees (5)          403            87           107
  10        Other private
              services (5)            3,760         1,031           882
  11        U.S. government
              miscellaneous
              services                   52            13            13
  12    Income receipts               3,976         1,139         1,165
  13      Income receipts on
              U.S.-owned
                assets abroad         3,960         1,135         1,161
  14        Direct investment
              receipts                2,681           781           790
  15        Other private
              receipts                1,260           348           367
  16        U.S. government
              receipts                   19             6             4
  17      Compensation of
            employees                    17             4             5
  18  Imports of goods and
          services and income
          payments                  -33,993        -8,383        -9,130
  19    Imports of goods and
            services                -31,492        -7,677        -8,527
  20      Goods, balance of
            payments basis (2)      -24,101        -5,896        -6,488
  21      Services (3)               -7,391        -1,781        -2,040
  22        Direct defense
              expenditures              -40            -5            -5
  23        Travel                   -1,947          -410          -537
  24        Passenger fares            -153           -32           -54
  25        Other
              transportation           -406           -97          -108
  26        Royalties and
              license fees (5)          -33            -8           -12
  27        Other private
              services (5)           -4,792        -1,224        -1,319
  28        U.S. government
              miscellaneous
              services                  -20            -5            -5
  29    Income payments              -2,502          -706          -602
  30      Income payments on
              foreign-owned
              assets in the
              United States          -2,295          -674          -534
  31        Direct investment
              payments               -1,015           (D)           (D)
  32        Other private
              payments                 -620          -175          -159
  33        U.S. government
              payments                 -660           (D)           (D)
  34      Compensation of
            employees                  -206           -32           -68
  35  Unilateral current
          transfers, net             -2,151          -587          -481
  36    U.S. government
          grants (4)                   -142           -30           -34
  37    U.S. government
          pensions and other
          transfers                     -20            -5            -5
  38    Private remittances
          and other
          transfers (6)              -1,989          -552          -442

          Capital account

  39  Capital account
        transactions, net              -181           -45           -45

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -7,945        -2,379           287
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               80            28            14
  47      U.S. credits and
            other long-term
            assets                       -2             0            -2
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                   84            27            16
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -2             1             0
  50    U.S. private assets          -8,025        -2,407           273
  51      Direct investment          -3,560          -808          -786
  52      Foreign securities         -2,831          -502         1,400
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -161          -188           -28
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -1,473          -909          -313
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                 2,323           545         1,777
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            -58            -9            -2
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           1,233           399           256
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                 -277          -105           -44
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                  1,053           180           194
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere     (18) 372       (18) 80    (18) 1,373
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               12,085         1,585          -783

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)             -6,581          -133          -992
  73  Balance on services
        (lines 4 and 21)                974           581          -326
  74  Balance on goods and
        services pines 2
        and 19)                      -5,606           448        -1,318
  75  Balance on income
        (lines 12 and 29)             1,475           433           563
  76  Unilateral current
        transfers,
        net (line 35)                -2,151          -587          -481
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             -6,283           294        -1,236

                                                  Japan

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts           135,620        33,818        35,241
   2    Exports of goods and
            services                105,069        26,103        27,695
   3      Goods, balance of
            payments basis (2)       60,909        14,770        15,615
   4      Services (3)               44,161        11,333        12,081
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             535           117           142
   6        Travel                   11,709         3,386         3,146
   7        Passenger fares           3,675           863         1,218
   8        Other
              transportation          4,064         1,000         1,115
   9        Royalties and
              license fees (5)       10,195         2,587         2,730
  10        Other private
              services (5)           13,819         3,346         3,680
  11        U.S. government
              miscellaneous
              services                  164            34            50
  12    Income receipts              30,551         7,715         7,545
  13      Income receipts on
              U.S.-owned
                assets abroad        30,470         7,695         7,525
  14        Direct investment
              receipts                9,055         2,220         2,292
  15        Other private
              receipts               21,322         5,447         5,210
  16        U.S. government
              receipts                   93            28            23
  17      Compensation of
            employees                    81            20            21
  18  Imports of goods and
          services and income
          payments                 -239,719       -59,817       -61,609
  19    Imports of goods and
            services               -172,672       -42,893       -44,867
  20      Goods, balance of
            payments basis (2)     -145,934       -36,246       -37,793
  21      Services (3)              -26,738        -6,648        -7,074
  22        Direct defense
              expenditures           -1,588          -390          -405
  23        Travel                   -3,103          -874           339
  24        Passenger fares          -1,282          -297          -383
  25        Other
              transportation         -6,638        -1,715        -1,704
  26        Royalties and
              license fees (5)       -7,926        -1,806        -2,264
  27        Other private
              services (5)           -6,067        -1,532        -1,646
  28        U.S. government
              miscellaneous
              services                 -134           -34           -33
  29    Income payments             -67,047       -16,923       -16,742
  30      Income payments on
              foreign-owned
              assets in the
              United States         -66,926       -16,902       -16,704
  31        Direct investment
              payments              -16,758        -4,366        -4,179
  32        Other private
              payments              -13,571        -3,429        -3,737
  33        U.S. government
              payments              -36,597        -9,107        -8,788
  34      Compensation of
            employees                  -121           -21           -38
  35  Unilateral current
          transfers, net              1,787           402           470
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                    -270           -67            35
  38    Private remittances
          and other
          transfers (6)               2,057           469           535

          Capital account

  39  Capital account
        transactions, net                 8             2             2

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               47,139        27,246        16,336
  41    U.S. official reserve
            assets                      -93           -28           -23
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            -93           -28           -23
  46    U.S. government
            assets, other
            than official
            reserve assets               -4            -1             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -4            -1             0
  50    U.S. private assets          47,236        27,275        16,359
  51      Direct investment         -15,875        -2,757        -1,414
  52      Foreign securities          3,266         2,689        10,287
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -1,997           315        -1,160
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       61,842        27,028         8,646
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                57,067         4,807        27,430
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)            300            27           195
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment          26,691         7,534         6,280
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               11,035         2,883        12,201
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    621           478           -62
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 18,420   (18) -6,115    (18) 8,816
  70  Financial derivatives,
        net                            n.a.           405          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               -1,901        -6,864       -17,870

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -85,025       -21,476       -22,179
  73  Balance on services
        (lines 4 and 21)             17,422         4,685         5,007
  74  Balance on goods and
        services pines 2
        and 19)                     -67,603       -16,791       -17,172
  75  Balance on income
        (lines 12 and 29)           -36,496        -9,208        -9,196
  76  Unilateral current
        transfers,
        net (line 35)                 1,787           402           470
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)           -102,312       -25,597       -25,898

                                          Korea, Republic of

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            55,461        14,028        14,557
   2    Exports of goods and
            services                 46,970        11,738        12,397
   3      Goods, balance of
            payments basis (2)       33,721         8,222         8,999
   4      Services (3)               13,250         3,516         3,399
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             827           167           293
   6        Travel                    2,636           841           607
   7        Passenger fares              81            33            16
   8        Other
              transportation          3,063           799           851
   9        Royalties and
              license fees (5)        2,417           583           587
  10        Other private
              services (5)            4,188         1,083         1,035
  11        U.S. government
              miscellaneous
              services                   38            10            10
  12    Income receipts               8,491         2,291         2,159
  13      Income receipts on
              U.S.-owned
                assets abroad         8,467         2,285         2,153
  14        Direct investment
              receipts                4,096         1,117         1,020
  15        Other private
              receipts                4,366         1,166         1,132
  16        U.S. government
              receipts                    5             2             1
  17      Compensation of
            employees                    24             6             6
  18  Imports of goods and
          services and income
          payments                  -64,380       -15,937       -15,966
  19    Imports of goods and
            services                -56,476       -13,914       -13,883
  20      Goods, balance of
            payments basis (2)      -47,524       -11,585       -11,631
  21      Services (3)               -8,952        -2,329        -2,252
  22        Direct defense
              expenditures           -2,243          -557          -580
  23        Travel                   -1,099          -296          -234
  24        Passenger fares          -1,410          -374          -352
  25        Other
              transportation         -3,230          -838          -815
  26        Royalties and
              license fees (5)          -47           -19           -11
  27        Other private
              services (5)             -899          -240          -255
  28        U.S. government
              miscellaneous
              services                  -24            -5            -5
  29    Income payments              -7,905        -2,023        -2,082
  30      Income payments on
              foreign-owned
              assets in the
              United States          -7,768        -2,002        -2,037
  31        Direct investment
              payments                 -621          -211          -241
  32        Other private
              payments               -1,950          -474          -511
  33        U.S. government
              payments               -5,197        -1,317        -1,285
  34      Compensation of
            employees                  -136           -21           -45
  35  Unilateral current
          transfers, net               -456          -132           -24
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                     -54           -12           -11
  38    Private remittances
          and other
          transfers (6)                -402          -120           -13

          Capital account

  39  Capital account
        transactions, net                31            -8            -8

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -4,987        11,815       -13,918
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               25             9             6
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                   26             7             6
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -1             2             0
  50    U.S. private assets          -5,012        11,806       -13,924
  51      Direct investment          -2,073           -75        -1,029
  52      Foreign securities            302          -585           827
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                     -1            71            -4
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -3,240        12,395       -13,718
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                14,469           600        13,586
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)           -165            32          -155
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           1,588           225           787
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                4,159         1,619           547
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                     35           -39          -355
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere   (18) 8,852   (18) -1,237   (18) 12,762
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)                  -76       -10,367         1,773

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -13,804        -3,364        -2,632
  73  Balance on services
        (lines 4 and 21)              4,298         1,187         1,146
  74  Balance on goods and
        services pines 2
        and 19)                      -9,506        -2,177        -1,486
  75  Balance on income
        (lines 12 and 29)               587           268            77
  76  Unilateral current
        transfers,
        net (line 35)                  -456          -132           -24
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             -9,375        -2,041        -1,433

                                                 Singapore

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            50,343        12,448        13,349
   2    Exports of goods and
            services                 33,594         8,325             9
   3      Goods, balance of
            payments basis (2)       25,876         6,270         6,746
   4      Services (3)                7,718         2,056         2,190
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             171            44            29
   6        Travel                      502           122           135
   7        Passenger fares               2           (*)
   8        Other
              transportation            871           225           240
   9        Royalties and
              license fees (5)        3,253           945           995
  10        Other private
              services (5)            2,883           710           782
  11        U.S. government
              miscellaneous
              services                   36             9             9
  12    Income receipts              16,750         4,123         4,413
  13      Income receipts on
              U.S.-owned
                assets abroad        16,718         4,115         4,405
  14        Direct investment
              receipts               15,356         3,771         4,071
  15        Other private
              receipts                1,362           344           334
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                    32             8             8
  18  Imports of goods and
          services and income
          payments                  -29,395        -7,290        -7,427
  19    Imports of goods and
            services                -22,857        -5,651        -5,744
  20      Goods, balance of
            payments basis (2)      -18,425        -4,549        -4,486
  21      Services (3)               -4,432        -1,102        -1,259
  22        Direct defense
              expenditures             -293           -72          -100
  23        Travel                     -498           -94          -188
  24        Passenger fares            -354           -96           -93
  25        Other
              transportation         -1,318          -339          -335
  26        Royalties and
              license fees (5)          -31            -7            -9
  27        Other private
              services (5)           -1,921          -490          -529
  28        U.S. government
              miscellaneous
              services                  -18            -4            -5
  29    Income payments               3,538        -1,639        -1,682
  30      Income payments on
              foreign-owned
              assets in the
              United States          -6,530        -1,638        -1,679
  31        Direct investment
              payments                 -202           -34           -32
  32        Other private
              payments               -4,618        -1,165        -1,195
  33        U.S. government
              payments               -1,710          -439          -452
  34      Compensation of
            employees                    -8            -1            -3
  35  Unilateral current
          transfers, net                -18            -9            -2
  36    U.S. government
          grants (4)                      0             0             0
  37    U.S. government
          pensions and other
          transfers                      -4            -1            -1
  38    Private remittances
          and other
          transfers (6)                 -14            -8            -1

          Capital account

  39  Capital account
        transactions, net               (*)           (*)           (*)

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -7,812         3,600        -8,152
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets                1             1             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   1             1             0
  50    U.S. private assets          -7,813         3,599        -8,152
  51      Direct investment          -6,527          -259        -3,914
  52      Foreign securities            678         3,169            -3
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -780          -298          -659
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -1,184           987          -972
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                21,337          -829        16,231
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              1            -5            30
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment           5,783           -18           -18
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities               -1,392        -1,648            24
  67      U.S. currency                n.a.          n.a.          n.a,
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    -18           -18           -18
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 16,945      (18) 824   (18) 16,177
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               34,456        -7,920       -13,999

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)              7,451         1,721         2,260
  73  Balance on services
        (lines 4 and 21)              3,285           953           931
  74  Balance on goods and
        services pines 2
        and 19)                      10,736         2,674         3,191
  75  Balance on income
        (lines 12 and 29)            10,212         2,484         2,731
  76  Unilateral current
        transfers,
        net (line 35)                   -18            -9            -2
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             20,930         5,149         5,920

                                                   Taiwan

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            38,741        10,090        10,297
   2    Exports of goods and
            services                 34,887         8,980         9,199
   3      Goods, balance of
            payments basis (2)       25,987         6,697         6,963
   4      Services (3)                8,900         2,283         2,236
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             841           183           226
   6        Travel                    1,026           332           164
   7        Passenger fares              18            11             1
   8        Other
              transportation          2,774           697           777
   9        Royalties and
              license fees (5)        1,929           479           513
  10        Other private
              services (5)            2,284           573           547
  11        U.S. government
              miscellaneous
              services                   28             8             8
  12    Income receipts               3,854         1,110         1,099
  13      Income receipts on
              U.S.-owned
                assets abroad         3,834         1,105         1,094
  14        Direct investment
              receipts                2,061           611           616
  15        Other private
              receipts                1,773           494           478
  16        U.S. government
              receipts                    0             0             0
  17      Compensation of
            employees                    20             5             5
  18  Imports of goods and
          services and income
          payments                  -53,223       -13,604       -13,743
  19    Imports of goods and
            services                -45,971       -11,769       -11,992
  20      Goods, balance of
            payments basis (2)      -38,506        -9,940       -10,104
  21      Services (3)               -7,464        -1,829        -1,888
  22        Direct defense
              expenditures             -282           -61           -90
  23        Travel                   -1,053          -230          -260
  24        Passenger fares              -1          -326          -370
  25        Other
              transportation         -3,940        -1,034          -979
  26        Royalties and
              license fees (5)          -45            -9            -9
  27        Other private
              services (5)             -640          -165          -177
  28        U.S. government
              miscellaneous
              services                  -10            -3            -3
  29    Income payments              -7,252        -1,836        -1,751
  30      Income payments on
              foreign-owned
              assets in the
              United States          -7,201        -1,830        -1,733
  31        Direct investment
              payments                 -326          -101           -98
  32        Other private
              payments               -1,672          -426          -403
  33        U.S. government
              payments               -5,203        -1,303        -1,232
  34      Compensation of
            employees                   -51            -6           -18
  35  Unilateral current
          transfers, net               -313          -101            30
  36    U.S. government
          grants (4)                    (*)           (*)             0
  37    U.S. government
          pensions and other
          transfers                      -4            -1            -1
  38    Private remittances
          and other
          transfers (6)                -309          -100           -59

          Capital account

  39  Capital account
        transactions, net               -33             4            -8

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))                2,284         1,903         1,556
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets                0            -1             0
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   0            -1             0
  50    U.S. private assets           2,284         1,904         1,556
  51      Direct investment          -1,240          -157          -562
  52      Foreign securities          1,921          -416            35
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -216           204          -141
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere        1,819         2,273         2,224
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                -8,538        -8,505          -623
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)           -121            11           -30
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment              42            90            79
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                  117          -195        -1,414
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    -66           138          -148
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) -8,510   (18) -8,549      (18) 890
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               21,083        10,226         2,581

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -12,520        -3,243         3,141
  73  Balance on services
        (lines 4 and 21)              1,436           454           348
  74  Balance on goods and
        services pines 2
        and 19)                     -11,084        -2,789        -2,793
  75  Balance on income
        (lines 12 and 29)            -3,398          -726          -653
  76  Unilateral current
        transfers,
        net (line 35)                  -313          -101           -60
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -14,795        -3,616         3,506

                                         Other Asia and Pacific

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            69,254        17,492        18,342
   2    Exports of goods and
            services                 53,302        13,526        14,301
   3      Goods, balance of
            payments basis (2)       40,550        10,157        10,971
   4      Services (3)               12,752         3,369         3,330
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             742           166           259
   6        Travel                    2,379           725           518
   7        Passenger fares             231            49            80
   8        Other
              transportation          2,127           541           579
   9        Royalties and
              license fees (5)            1           267           288
  10        Other private
              services (5)            6,129             2         1,584
  11        U.S. government
              miscellaneous
              services                   87            20            22
  12    Income receipts              15,952         3,966         4,041
  13      Income receipts on
              U.S.-owned
                assets abroad        15,864         3,944         4,019
  14        Direct investment
              receipts               12,592         3,113         3,128
  15        Other private
              receipts                2,993           789           803
  16        U.S. government
              receipts                  279            42            88
  17      Compensation of
            employees                    88            22            22
  18  Imports of goods and
          services and income
          payments                 -124,098       -32,209       -32,122
  19    Imports of goods and
            services               -118,456       -30,773       -30,626
  20      Goods, balance of
            payments basis (2)     -106,774       -28,041       -27,475
  21      Services (3)              -11,682        -2,732        -3,151
  22        Direct defense
              expenditures           -1,613          -390          -450
  23        Travel                   -3,291          -657          -951
  24        Passenger fares          -1,839          -422          -475
  25        Other
              transportation         -2,130          -561          -548
  26        Royalties and
              license fees (5)          -68           -11           -17
  27        Other private
              services (5)           -2,415          -608          -628
  28        U.S. government
              miscellaneous
              services                 -326           -84           -82
  29    Income payments              -5,642        -1,436        -1,496
  30      Income payments on
              foreign-owned
              assets in the
              United States          -5,513        -1,419        -1,455
  31        Direct investment
              payments                  -33           (D)           (D)
  32        Other private
              payments               -1,842          -478          -440
  33        U.S. government
              payments               -3,638           (D)           (D)
  34      Compensation of
            employees                  -129           -17           -41
  35  Unilateral current
          transfers, net            -15,366        -3,423        -5,803
  36    U.S. government
          grants (4)                 -8,942        -1,746        -4,183
  37    U.S. government
          pensions and other
          transfers                    -446          -110          -111
  38    Private remittances
          and other
          transfers (6)              -5,978        -1,567        -1,509

          Capital account

  39  Capital account
        transactions, net              -524          -131          -132

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -18,877          -439       -10,178
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              533           258            91
  47      U.S. credits and
            other long-term
            assets                     -223           -16           -44
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  740           256           137
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  16            18            -2
  50    U.S. private assets         -19,410          -697       -10,269
  51      Direct investment          -5,403        -1,533        -2,256
  52      Foreign securities        -11,119        -2,517        -3,462
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                 -1,092            39          -236
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -1,796         3,422        -4,315
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                26,951        -2,372         9,602
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)          5,775           937         3,336
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment             873          (18)          (18)
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                3,099           125           650
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    -18           -18           -11
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 17,204   (18) -3,434    (18) 5,616
  70  Financial derivatives,
        net                            n.a.        -1,839          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               62,660        22,921        20,291

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -66,224       -17,884       -16,504
  73  Balance on services
        (lines 4 and 21)              1,070           637           179
  74  Balance on goods and
        services pines 2
        and 19)                     -65,154       -17,247       -16,325
  75  Balance on income
        (lines 12 and 29)            10,310         2,531         2,545
  76  Unilateral current
        transfers,
        net (line 35)               -15,366        -3,423        -5,803
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -70,210       -18,140       -19,582

                                               Middle East

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            73,023        19,019        22,164
   2    Exports of goods and
            services                 62,583        16,243        19,288
   3      Goods, balance of
            payments basis (2)       43,665        11,200        14,501
   4      Services (3)               18,919         5,043         4,787
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           5,211         1,179         1,134
   6        Travel                    2,427           887           474
   7        Passenger fares             335            83           102
   8        Other
              transportation          2,471           659           681
   9        Royalties and
              license fees (5)          407            98           103
  10        Other private
              services (5)            7,998         2,120         2,275
  11        U.S. government
              miscellaneous
              services                   70            17            18
  12    Income receipts              10,440         2,776         2,876
  13      Income receipts on
              U.S.-owned
                assets abroad        10,340         2,751         2,851
  14        Direct investment
              receipts                7,178         1,921         2,032
  15        Other private
              receipts               30,713           806           798
  16        U.S. government
              receipts                   84            24            21
  17      Compensation of
            employees                   100            25            25
  18  Imports of goods and
          services and income
          payments                 -110,044       -28,827       -30,823
  19    Imports of goods and
            services                -96,912       -25,504       -27,765
  20      Goods, balance of
            payments basis (2)      -77,435       -20,511       -22,652
  21      Services (3)              -19,477        -4,992        -5,112
  22        Direct defense
              expenditures          -13,385        -3,301        -3,566
  23        Travel                   -1,617          -505          -365
  24        Passenger fares            -783          -239          -212
  25        Other
              transportation         -1,240          -320          -323
  26        Royalties and
              license fees (5)         -250           -58           -60
  27        Other private
              services (5)           -1,971          -509          -529
  28        U.S. government
              miscellaneous
              services                 -231           -60           -57
  29    Income payments             -13,132        -3,323        -3,059
  30      Income payments on
              foreign-owned
              assets in the
              United States         -13,084        -3,315        -3,043
  31        Direct investment
              payments                 -612          -201           112
  32        Other private
              payments               -6,097        -1,492        -1,559
  33        U.S. government
              payments               -6,375        -1,622        -1,596
  34      Compensation of
            employees                   -48            -8           -16
  35  Unilateral current
          transfers, net            -12,271        -2,161        -2,964
  36    U.S. government
          grants (4)                 -9,389        -1,432        -2,202
  37    U.S. government
          pensions and other
          transfers                    -127           -32           -30
  38    Private remittances
          and other
          transfers (6)              -2,755          -697          -732

          Capital account

  39  Capital account
        transactions, net              -338           -85           -85

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -13,136         3,581        -8,628
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              153            32            26
  47      U.S. credits and
            other long-term
            assets                      -45           -13           -10
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  196            45            39
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                   2           (*)            -3
  50    U.S. private assets         -13,289         3,549        -8,654
  51      Direct investment          -3,460           644        -1,703
  52      Foreign securities          1,677         1,272           257
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -874           568          -302
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere      -10,632         1,065        -6,906
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                36,583         2,097        15,338
  56    Foreign official
            assets in the
            United States            19,140        -1,116        13,856
  57      U.S. government
              securities               (17)          (17)          (17)
  58        U.S. Treasury
              securities (9)           (17)          (17)          (17)
  59        Other (10)                 (17)          (17)          (17)
  60      Other U.S.
            government
            liabilities (11)             22           -42           259
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (17)          (17)          (17)
  62      Other foreign
            official
            assets (12)                (17)          (17)          (17)
  63    Other foreign assets
            in the United
            States                   17,443         3,213         1,482
  64      Direct investment           2,033           550           743
  65      U.S. Treasury
            securities                 (17)          (17)          (17)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                8,254         1,117         2,273
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (17)          (17)          (17)
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere          494           162          -724
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               26,182         6,375         4,998

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -33,770        -9,312        -8,151
  73  Balance on services
        (lines 4 and 21)               -558            51          -326
  74  Balance on goods and
        services pines 2
        and 19)                     -34,328        -9,261        -8,477
  75  Balance on income
        (lines 12 and 29)            -2,692          -547          -183
  76  Unilateral current
        transfers,
        net (line 35)               -12,271        -2,161        -2,964
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -49,291       -11,969       -11,624

                                                  Africa

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            41,337        11,132        11,350
   2    Exports of goods and
            services                 33,875         9,230         9,231
   3      Goods, balance of
            payments basis (2)       22,983         6,237         6,544
   4      Services (3)               10,892         2,993         2,687
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           1,172           414           234
   6        Travel                    1,394           476           304
   7        Passenger fares             263            97            30
   8        Other
              transportation          1,186           311           351
   9        Royalties and
              license fees (5)          612           143           171
  10        Other private
              services (5)            6,177         1,530         1,574
  11        U.S. government
              miscellaneous
              services                   88            22            23
  12    Income receipts               7,462         1,902         2,118
  13      Income receipts on
              U.S.-owned
                assets abroad         7,387         1,883         2,100
  14        Direct investment
              receipts                5,607         1,405         1,631
  15        Other private
              receipts                1,567           410           445
  16        U.S. government
              receipts                  213            68            24
  17      Compensation of
            employees                    76            19            19
  18  Imports of goods and
          services and income
          payments                  -99,667       -26,044       -27,367
  19    Imports of goods and
            services                -97,777       -25,575       -26,887
  20      Goods, balance of
            payments basis (2)      -92,047       -24,025       -25,429
  21      Services (3)               -5,730        -1,550        -1,458
  22        Direct defense
              expenditures             -364           -95           -98
  23        Travel                   -2,222          -648          -491
  24        Passenger fares            -340           -80          -128
  25        Other
              transportation           -468          -120          -113
  26        Royalties and
              license fees (5)          -33            -6           -12
  27        Other private
              services (5)           -2,043          -533          -548
  28        U.S. government
              miscellaneous
              services                 -260           -68           -68

  29    Income payments              -1,890          -469          -480
  30      Income payments on
              foreign-owned
              assets in the
              United States          -1,804          -457          -451
  31        Direct investment
              payments                  -32            12            17
  32        Other private
              payments                 -992          -260          -249
  33        U.S. government
              payments                 -780          -209          -219
  34      Compensation of
            employees                   -86           -12           -29
  35  Unilateral current
          transfers, net             -7,820        -1,760        -1,513
  36    U.S. government
          grants (4)                 -4,689          -930          -696
  37    U.S. government
          pensions and other
          transfers                     -50            -9            -9
  38    Private remittances
          and other
          transfers (6)              -3,081          -821          -808

          Capital account

  39  Capital account
        transactions, net               -80           -15           -10

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -6,270        -1,350        -4,206
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              274            91            18
  47      U.S. credits and
            other long-term
            assets                     -294           -64           -76
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  577           147            94
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  -9             8             0
  50    U.S. private assets          -6,544        -1,441        -4,224
  51      Direct investment          -1,886          -475           467
  52      Foreign securities          1,417          -573         1,646
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -154            -1           -35
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -5,921          -392        -6,302
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                15,485        -2,418        10,060
  56    Foreign official
            assets in the
            United States             7,075          -573         1,673
  57      U.S. government
              securities               (17)          (17)          (17)
  58        U.S. Treasury
              securities (9)           (17)          (17)          (17)
  59        Other (10)                 (17)          (17)          (17)
  60      Other U.S.
            government
            liabilities (11)           -550          -172            34
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (17)          (17)          (17)
  62      Other foreign
            official
            assets (12)                (17)          (17)          (17)
  63    Other foreign assets
            in the United
            States                    8,410        -1,845         8,387
  64      Direct investment            -673          -732            89
  65      U.S. Treasury
            securities                 (17)          (17)          (17)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                 -782          -200          -289
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   (17)          (17)          (17)
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere        7,713        -1,303         7,640
  70  Financial derivatives,
        net                            n.a.           330          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               57,016        20,124        11,687

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -69,064       -17,788       -18,885
  73  Balance on services
        (lines 4 and 21)              5,162         1,443         1,229
  74  Balance on goods and
        services pines 2
        and 19)                     -63,903       -16,345       -17,656
  75  Balance on income
        (lines 12 and 29)             5,572         1,433         1,638
  76  Unilateral current
        transfers,
        net (line 35)                -7,820        -1,760        -1,513
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -66,151       -16,672       -17,531

                                               South Africa

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts             9,101         2,555         2,464
   2    Exports of goods and
            services                  7,415         2,124         2,001
   3      Goods, balance of
            payments basis (2)        5,495         1,614         1,463
   4      Services (3)                1,920           509           538
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)               1           (*)           (*)
   6        Travel                      352            95            95
   7        Passenger fares              27            15           (*)
   8        Other
              transportation            202            52            58
   9        Royalties and
              license fees (5)          379            79            95
  10        Other private
              services (5)              954           267           289
  11        U.S. government
              miscellaneous
              services                    4             1             1
  12    Income receipts               1,686           431           462
  13      Income receipts on
              U.S.-owned
                assets abroad         1,679           429           461
  14        Direct investment
              receipts                  674           161           172
  15        Other private
              receipts                  994           268           283
  16        U.S. government
              receipts                   11             0             6
  17      Compensation of
            employees                     8             2             2
  18  Imports of goods and
          services and income
          payments                  -10,576        -2,863        -2,575
  19    Imports of goods and
            services                -10,386        -2,828        -2,554
  20      Goods, balance of
            payments basis (2)       -9,088        -2,437        -2,280
  21      Services (3)               -1,299          -391          -274
  22        Direct defense
              expenditures               -7            -2            -3
  23        Travel                     -500          -182           -57
  24        Passenger fares            -166           -47           -48
  25        Other
              transportation            -86           -22           -20
  26        Royalties and
              license fees (5)          -24            -3            -9
  27        Other private
              services (5)             -459          -120          -122
  28        U.S. government
              miscellaneous
              services                  -57           -15           -15
  29    Income payments                -190           -35           -20
  30      Income payments on
              foreign-owned
              assets in the
              United States            -180           -33           -18
  31        Direct investment
              payments                   41           (D)           (D)
  32        Other private
              payments                 -138           -41           -30
  33        U.S. government
              payments                  -83           (D)           (D)
  34      Compensation of
            employees                   -10            -2            -3
  35  Unilateral current
          transfers, net               -550          -145          -118
  36    U.S. government
          grants (4)                   -152           -51           -27
  37    U.S. government
          pensions and other
          transfers                      -8            -2            -2
  38    Private remittances
          and other
          transfers (6)                -390           -92           -89

          Capital account

  39  Capital account
        transactions, net                -4            -1            -1

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -2,151          -714          -936
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets               10             7             1
  47      U.S. credits and
            other long-term
            assets                        0             0             0
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  10             7             1
  50    U.S. private assets          -2,161          -721          -937
  51      Direct investment            -565          -153          -149
  52      Foreign securities         -1,603          -537          -510
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    -13           -64            54
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere           20            33          -332
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                   264          -759           580
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)              0             0             0
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment            -490          -600           -24
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                 -109           -46            45
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                     19            -7            20
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere     (18) 844     (18) -106      (18) 539
  70  Financial derivatives,
        net                            (19)          (19)          (19)
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)                3,915         1,927           585

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)             -3,592          -823          -817
  73  Balance on services
        (lines 4 and 21)                621           119           264
  74  Balance on goods and
        services pines 2
        and 19)                      -2,971          -704          -553
  75  Balance on income
        (lines 12 and 29)             1,497           396           442
  76  Unilateral current
        transfers,
        net (line 35)                  -550          -145          -118
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)             -2,025          -453          -229

                                               Other Africa

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            32,236         8,577         8,886
   2    Exports of goods and
            services                  2,646         7,107           723
   3      Goods, balance of
            payments basis (2)       17,488         4,623         5,081
   4      Services (3)                8,972         2,484         2,148
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)           1,171           414           234
   6        Travel                    1,042           381           209
   7        Passenger fares             236            82            30
   8        Other
              transportation            984           259           293
   9        Royalties and
              license fees (5)          232            64            75
  10        Other private
              services (5)            5,223         1,263         1,285
  11        U.S. government
              miscellaneous
              services                   84            21            22
  12    Income receipts               5,776         1,471         1,656
  13      Income receipts on
              U.S.-owned
                assets abroad         5,708         1,454         1,639
  14        Direct investment
              receipts                4,933         1,244         1,459
  15        Other private
              receipts                  573           142           162
  16        U.S. government
              receipts                  202            68            18
  17      Compensation of
            employees                    68            17            17
  18  Imports of goods and
          services and income
          payments                  -89,092       -23,181       -24,793
  19    Imports of goods and
            services                -87,391       -22,747       -24,333
  20      Goods, balance of
            payments basis (2)      -82,959       -21,588       -23,149
  21      Services (3)               -4,432        -1,159        -1,184
  22        Direct defense
              expenditures             -357           -93           -95
  23        Travel                   -1,722          -466          -434
  24        Passenger fares            -174           -33           -80
  25        Other
              transportation           -382           -98           -93
  26        Royalties and
              license fees (5)           -9            -3            -3
  27        Other private
              services (5)           -1,584          -413          -426
  28        U.S. government
              miscellaneous
              services                 -203           -53           -53
  29    Income payments              -1,701          -434          -460
  30      Income payments on
              foreign-owned
              assets in the
              United States          -1,624          -424          -433
  31        Direct investment
              payments                  -73           (D)           (D)
  32        Other private
              payments                 -854          -219          -219
  33        U.S. government
              payments                 -697           (D)           (D)
  34      Compensation of
            employees                   -77           -10           -27
  35  Unilateral current
          transfers, net             -7,270        -1,615        -1,395
  36    U.S. government
          grants (4)                 -4,537          -879          -669
  37    U.S. government
          pensions and other
          transfers                     -42            -7            -7
  38    Private remittances
          and other
          transfers (6)              -2,691          -729          -719

          Capital account

  39  Capital account
        transactions, net               -76           -14           -10

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))               -4,119          -635        -3,270
  41    U.S. official reserve
            assets                        0             0             0
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                      ...           ...           ...
  44      Reserve position in
            the International
            Monetary Fund               ...           ...           ...
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets              264            84            17
  47      U.S. credits and
            other long-term
            assets                     -294           -64           -76
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                  577           147            94
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                 -19             1            -1
  50    U.S. private assets          -4,383          -719        -3,287
  51      Direct investment          -1,321          -321           616
  52      Foreign securities          3,020           -36         2,156
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -141            63           -89
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere       -5,941          -425        -5,970
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                15,222        -1,659         9,480
  56    Foreign official
            assets in the
            United States              (18)          (18)          (18)
  57      U.S. government
              securities               (18)          (18)          (18)
  58        U.S. Treasury
              securities (9)           (18)          (18)          (18)
  59        Other (10)                 (18)          (18)          (18)
  60      Other U.S.
            government
            liabilities (11)           -550          -172            34
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere         (18)          (18)          (18)
  62      Other foreign
            official
            assets (12)                (18)          (18)          (18)
  63    Other foreign assets
            in the United
            States                     (18)          (18)          (18)
  64      Direct investment            -182          -132           113
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                 -673          -154          -334
  67      U.S. currency                n.a.          n.a.          n.a.
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                    -11           -18           -18
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere  (18) 16,627   (18) -1,201    (18) 9,667
  70  Financial derivatives,
        net                            n.a.           330          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)               53,100        18,197        11,101

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)            -65,472       -16,965       -18,067
  73  Balance on services
        (lines 4 and 21)              4,541         1,324           964
  74  Balance on goods and
        services pines 2
        and 19)                     -60,931       -15,641       -17,103
  75  Balance on income
        (lines 12 and 29)             4,075         1,037         1,196
  76  Unilateral current
        transfers,
        net (line 35)                -7,270        -1,615        -1,395
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)            -64,126       -16,219       -17,302

                                       International organizations
                                           and unallocated (2)

Line  (Credits  ; debits-) (1)                           2007

                                  2007 (p)      III (r)        IV (p)

          Current account

   1  Exports of goods and
          services and
          income receipts            48,887        12,413        12,674
   2    Exports of goods and
            services                  4,344         1,041         1,183
   3      Goods, balance of
            payments basis (2)            0             0             0
   4      Services (3)                4,344         1,041         1,183
   5        Transfers under
              U.S. military
              agency sales
              contracts (4)             157            36            52
   6        Travel                        0             0             0
   7        Passenger fares               0             0             0
   8        Other
              transportation          1,553           390           435
   9        Royalties and
              license fees (5)            3           (*)           (*)
  10        Other private
              services (5)            2,629           614           695
  11        U.S. government
              miscellaneous
              services                    3             1             1
  12    Income receipts              44,543        11,372        11,491
  13      Income receipts on
              U.S.-owned
                assets abroad        42,966        10,977        11,089
  14        Direct investment
              receipts               18,669         4,666         4,664
  15        Other private
              receipts               24,141         6,274         6,390
  16        U.S. government
              receipts                  156            37            35
  17      Compensation of
            employees                 1,577           395           402
  18  Imports of goods and
          services and income
          payments                  -17,808        -4,551        -4,522
  19    Imports of goods and
            services                 -4,640        -1,222        -1,117
  20      Goods, balance of
            payments basis (2)            0             0             0
  21      Services (3)               -4,640        -1,222        -1,117
  22        Direct defense
              expenditures                0             0             0
  23        Travel                        0             0             0
  24        Passenger fares               0             0             0
  25        Other
              transportation         -4,569        -1,207        -1,102
  26        Royalties and
              license fees (5)          -40            -9            -9
  27        Other private
              services (5)              -23            -5            -5
  28        U.S. government
              miscellaneous
              services                   -8            -1            -1
  29    Income payments             -13,168        -3,329        -3,405
  30      Income payments on
              foreign-owned
              assets in the
              United States         -13,168        -3,329        -3,405
  31        Direct investment
              payments               -5,116        -1,277        -1,276
  32        Other private
              payments               -7,319        -1,871        -1,949
  33        U.S. government
              payments                 -733          -181          -180
  34      Compensation of
            employees                     0             0             0
  35  Unilateral current
          transfers, net            -23,950        -5,989        -7,195
  36    U.S. government
          grants (4)                 -5,079        -1,527        -1,716
  37    U.S. government
          pensions and other
          transfers                  -2,603          -179        -1,234
  38    Private remittances
          and other
          transfers (6)             -16,268        -4,283        -4,245

          Capital account

  39  Capital account
        transactions, net                 1           (*)           (*)

         Financial account

  40  U.S.-owned assets
          abroad, excluding
          financial
          derivatives
          (increase/financial
          outflow (-))              -14,120        -2,522        -5,628
  41    U.S. official reserve
            assets                      867           193           250
  42      Gold (7)                        0             0             0
  43      Special drawing
            rights                     -154           -37           -35
  44      Reserve position in
            the International
            Monetary Fund             1,021           230           285
  45      Foreign currencies            ...           ...           ...
  46    U.S. government
            assets, other
            than official
            reserve assets           -1,263            98           -40
  47      U.S. credits and
            other long-term
            assets                   -1,338           -12           -23
  48      Repayments on U.S.
            credits and other
            long-term
            assets (8)                    0             0             0
  49      U.S. foreign
            currency holdings
            and U.S. short-
            term assets                  75           110           -17
  50    U.S. private assets         -13,724        -2,813        -5,838
  51      Direct investment         -18,669        -4,666        -4,664
  52      Foreign securities          3,699           705            67
  53      U.S. claims on
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                   -146             9          -133
  54      U.S. claims reported
            by U.S. banks, not
            included elsewhere        1,392         1,139        -1,108
  55  Foreign-owned assets in
          the United States,
          excluding financial
          derivatives
          (increase/financial
          inflow ( ))                18,728         5,645         6,284
  56    Foreign official
            assets in the
            United States               273           279             1
  57      U.S. government
              securities                  0             0             0
  58        U.S. Treasury
              securities (9)              O             O             0
  59        Other (10)                    O             0             0
  60      Other U.S.
            government
            liabilities (11)            273           279             1
  61      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere            0             0             0
  62      Other foreign
            official
            assets (12)                   0             0             0
  63    Other foreign assets
            in the United
            States                   18,455         5,366         6,283
  64      Direct investment           5,116         1,277         1,276
  65      U.S. Treasury
            securities                 (18)          (18)          (18)
  66      U.S. securities
            other than U.S.
            Treasury
            securities                  404           261           -20
  67      U.S. currency              10,937         4,741         4,480
  68      U.S. liabilities to
            unaffiliated
            foreigners
            reported by U.S.
            nonbanking
            concerns                      2             3            -1
  69      U.S. liabilities
            reported by U.S.
            banks, not
            included elsewhere   (18) 1,996     (18) -916      (18) 548
  70  Financial derivatives,
        net                            n.a.            -2          n.a.
  71  Statistical discrepancy
        (sum of above items
        with sign
        reversed) (14)              -11,739        -4,995        -1,613

      Memoranda:
  72  Balance on goods
        (lines 3 and 20)                  0             0             0
  73  Balance on services
        (lines 4 and 21)               -296          -181            66
  74  Balance on goods and
        services pines 2
        and 19)                        -296          -181            66
  75  Balance on income
        (lines 12 and 29)            31,375         8,043         8,086
  76  Unilateral current
        transfers,
        net (line 35)               -23,950        -5,989        -7,195
  77  Balance on current
        account (lines 1, 18,
        and 35 or lines 74,
        75, and 76) (13)              7,130         1,873           957

 

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