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Business Services Industry

U.S. international transactions: first quarter of 2006

Survey of Current Business, July, 2006 by Renee M. Sauers, Matthew J. Argersinger

Table 7a. Transactions in Long-Term Securities
[Millions of dollars]

Li-    (Credits +; debits -)           2003         2004
ne

A1 Foreign securities, net
       purchases (-) or net
       sales (+) by U.S.
       residents (table 1, line
       52 or lines 4+ 18 below)       -146,722     -146,549
 2   Stocks, gross purchases by
       U.S. residents                1,422,918    1,749,287
 3   Stocks, gross sales by U.S.
       residents                     1,304,915    1,664,531
 4   Stocks, net purchases by U.S.
         residents                    -118,003      -84,756
 5     New issues in the United
         States (1)                       -313         -372
 6     Transactions in outstanding
         stocks, net                  -117,690      -84,384
       Net purchases by U.S.
           residents, by area:
 7       Europe                        -40,463      -58,679
 8         Of which: United
             Kingdom                   -40,310      -42,599
 9       Canada                         -2,822      -13,450
10       Caribbean financial
           centers (2)                  -3,672          522
11       Latin America, excluding
           Caribbean financial
           centers                         971        2,097
12       Asia                          -68,460      -38,455
13         Of which: Japan             -41,105      -33,055
14       Africa                           -158          -22
15       Other                          -3,399       23,231
16   Bonds, gross purchases by
         U.S. residents              1,486,133    1,520,981
17   Bonds, gross sales by U.S.
         residents                   1,457,414    1,459,188
18   Bonds, net purchases by U.S.
         residents                     -28,719      -61,793
19     New issues in the United
         States (1)                    -21,262      -15,664
20     Transactions in outstanding
         bonds, net                     -7,457      -46,129
21     Net purchases by U.S.
           residents, by area:
         Europe                        -17,225      -71,512
22         Of which: United
             Kingdom                   -16,864      -64,926
23       Canada                          2,044       -4,816
24       Caribbean financial
           centers (2)                 -18,326         -947
25       Latin America, excluding
           Caribbean financial
           centers                      -1,567       -3,155
26       Asia                            7,397       24,087
27         Of which: Japan                -375       12,545
28       Africa                            387        1,634
29       Other                          -1,430       -7,083
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               220,705      381,493
 2   Stocks, gross purchases
         foreign residents           3,099,348    3,883,241
 3   Stocks, gross sales by
         foreign residents           3,065,057    3,823,692
 4   Stocks, net purchases by
         foreign residents              34,291       59,549
       Net purchases by foreign
           residents, by area:
 5       Europe                         22,129       35,338
 6         Of which: United                162       28,864
             Kingdom
 7       Canada                         11,495        3,878
 8       Caribbean financial
           centers (2)                  -2,284        3,094
 9       Latin America, excluding
           Caribbean financial
           centers                         461         -416
10       Asia                            2,779        5,477
11         Of which: Japan              -2,318        4,874
12       Africa                            227          -86
13       Other                            -516       12,264
14   Corporate bonds, gross
         Purchases by foreign
         residents                     980,642    1,154,846
15   Corporate bonds, gross sales
         by foreign residents          757,427      900,282
16   Corporate bonds, net purchases
         by foreign residents          223,215      254,564
17     New issues sold abroad by
         U.S. corporations (1)          69,105       84,876
18     Transactions in outstanding
         bonds, net                    154,110      169,688
       Net purchases by foreign
           residents, by area:
19       Europe                        130,941      126,343
20         Of which: United
             Kingdom                    88,973       69,599
21       Canada                          5,224        6,006
22       Caribbean financial
           centers (2)                  54,004       47,057
23       Latin America, excluding
           Caribbean financial
           centers                       6,674       20,183
24       Asia                           24,220       51,855
25         Of which: Japan              10,539       33,453
26       Africa                            434          558
27       Other                           1,718        2,562
28   Federally sponsored agency
         bonds, gross purchases
         by foreign residents        1,786,497    1,099,859
29   Federally sponsored agency
         bonds, gross sales by
         foreign residents           1,823,298    1,032,479
30   Federally sponsored agency
         bonds, net purchases by
         foreign residents             -36,801       67,380
31     New issues sold abroad by
         federally sponsored
         agencies (1)                   49,061       55,637
32     Transactions in outstanding
         bonds, net                    -85,862       11,743
       Net purchases by foreign
           residents, by area:
33       Europe                        -29,382       13,305
34         Of which: United             14,605       31,410
             Kingdom
35       Canada                         -3,953        4,990
36       Caribbean financial
           centers (2)                   6,015       11,335
37       Latin America, excluding
           Caribbean financial
           centers                       4,931        1,813
38       Asia                          -11,887       36,409
39         Of which: Japan             -16,439       16,462
40       Africa                            197         -133
41       Other                          -2,722         -339
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)                      91,042       83,424
 2   U.S. Treasury bonds and notes,
       gross purchases by foreign
       residents                     7,113,900    8,057,944
 3   U.S. Treasury bonds and notes,
       gross sales by foreign
       residents                     7,022,858    7,974,520
 4   Net purchases by foreign
         residents, by area:
       Europe                           18,106       38,169
 5     Canada                           11,426       16,258
 6     Caribbean financial
         centers (2)                     6,182       22,138
 7     Latin America, excluding
         Caribbean financial
         centers                         2,959       -3,392
 8     Asia                             46,419       10,377
 9     Africa                             -178          679
10     Other                             6,128         -805

   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 134)            163,498      246,880
 2   Other U.S. Government
       securities (line B6)             39,943       41,662
 3   U.S. corporate and other bonds
       (part of line B16)                5,585       11,464
 4   U.S. stocks (part of line B16)       -310        2,239

   (Credits +; debits -)                          Not seasonally
                                                     adjusted

                                       2005         2004

                                                      I

Foreign securities, net
   purchases (-) or net
   sales (+) by U.S.
   residents (table 1, line
   52 or lines 4+ 18 below)           -180,125      -30,045
  Stocks, gross purchases by
   U.S. residents                    2,329,860      451,422
  Stocks, gross sales by U.S.
   residents                         2,187,726      434,536
  Stocks, net purchases by U.S.
     residents                        -142,134      -16,884
   New issues in the United
     States (1)                            ...          -75
   Transactions in outstanding
     stocks, net                           ...      -16,809
   Net purchases by U.S.
       residents, by area:
     Europe                            -54,923       -1,045
       Of which: United
         Kingdom                       -33,623          327
     Canada                             -4,828          482
     Caribbean financial
       centers (2)                      -2,851       -1,853
     Latin America, excluding
       Caribbean financial
       centers                          -6,178        1,112
     Asia                              -66,768      -15,562
       Of which: Japan                 -38,868      -15,404
     Africa                             -1,853           17
     Other                              -4,733          -35
  Bonds, gross purchases by
     U.S. residents                  1,491,715      450,432
  Bonds, gross sales by U.S.
     residents                       1,453,724      437,271
  Bonds, net purchases by U.S.
     residents                         -37,991      -13,161
   New issues in the United
     States (1)                            ...       -4,518
   Transactions in outstanding
     bonds, net                            ...       -8,643
   Net purchases by U.S.
       residents, by area:
     Europe                            -30,283      -21,342
       Of which: United
         Kingdom                       -22,446      -16,587
     Canada                             -1,451        2,536
     Caribbean financial
       centers (2)                      -2,534           96
     Latin America, excluding
       Caribbean financial
       centers                         -17,113       -2,147
     Asia                               22,260        7,775
       Of which: Japan                   7,220        1,984
     Africa                                217          201
     Other                              -9,087         -279
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                   474,140       47,862
  Stocks, gross purchases
     foreign residents               4,459,718      965,840
  Stocks, gross sales by foreign
     residents                       4,373,935      960,380
  Stocks, net purchases by
     foreign residents                  85,783        5,460
   Net purchases by foreign
       residents, by area:
     Europe                             43,244        4,785
       Of which: United                 23,647        1,501
         Kingdom
     Canada                             20,391        2,903
     Caribbean financial
       centers (2)                      13,761          818
     Latin America, excluding
       Caribbean financial
       centers                            -408          129
     Asia                                8,522       -3,593
       Of which: Japan                     -24       -3,299
     Africa                                283         -201
     Other                                 -10          619
  Corporate bonds, gross
     Purchases by foreign
     residents                       1,241,755      283,657
  Corporate bonds, gross sales
     by foreign residents              925,750      239,319
  Corporate bonds, net purchases
     by foreign residents              316,005       44,338
   New issues sold abroad by
     U.S. corporations (1)                 ...       19,181
   Transactions in outstanding
     bonds, net                            ...       25,157
   Net purchases by foreign
       residents, by area:
     Europe                            200,949       15,825
       Of which: United
         Kingdom                       140,189        1,068
     Canada                              2,023        1,091
     Caribbean financial
       centers (2)                      40,602       11,402
     Latin America, excluding
       Caribbean financial
       centers                           8,586        1,909
     Asia                               55,791       12,759
       Of which: Japan                  26,001        9,855
     Africa                                623           69
     Other                               7,431        1,283
  Federally sponsored agency
     bonds, gross purchases
     by foreign residents              975,222      276,821
  Federally sponsored agency
     bonds, gross sales by
     foreign residents                 902,870      278,757
  Federally sponsored agency
     bonds, net purchases by
     foreign residents                  72,352       -1,936
   New issues sold abroad by
     federally sponsored
     agencies (1)                          ...       20,639
   Transactions in outstanding
     bonds, net                            ...      -22,575
   Net purchases by foreign
       residents, by area:
     Europe                            -11,912       -6,953
       Of which: United                 -3,778        4,712
         Kingdom
     Canada                             12,215        2,394
     Caribbean financial
       centers (2)                       3,122       -1,431
     Latin America, excluding
       Caribbean financial
       centers                           7,204          666
     Asia                               62,450        3,374
       Of which: Japan                  35,119       -2,801
     Africa                               -320          142
     Other                                -407         -128
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)                         215,363       27,291
  U.S. Treasury bonds and notes,
   gross purchases by foreign
   residents                         9,314,873    1,866,900
  U.S. Treasury bonds and notes,
   gross sales by foreign
   residents                         9,099,510    1,839,609
  Net purchases by foreign
     residents, by area:
   Europe                               68,350       19,494
   Canada                               21,766        4,384
   Caribbean financial
     centers (2)                        64,172       12,573
   Latin America, excluding
     Caribbean financial
     centers                            10,479       -3,107
   Asia                                 46,058       -4,462
   Africa                                1,995           12
   Other                                 2,543       -1,603

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):
  U.S. Treasury marketable bonds
   and notes (line 134)                115,767       93,798
  Other U.S. Government
   securities (line B6)                 84,701       11,465
  U.S. corporate and other bonds
   (part of line B16)                   18,440        1,936
  U.S. stocks (part of line B16)           818         -193

   (Credits +; debits -)             Not seasonally adjusted

                                              2004

                                        II           III

Foreign securities, net
   purchases (-) or net
   sales (+) by U.S.
   residents (table 1, line
   52 or lines 4+ 18 below)            -38,702      -47,988
  Stocks, gross purchases by
   U.S. residents                      475,959      385,123
  Stocks, gross sales by U.S.
   residents                           435,707      367,209
  Stocks, net purchases by U.S.
     residents                         -40,252      -17,914
   New issues in the United
     States (1)                            -92          ...
   Transactions in outstanding
     stocks, net                       -40,160      -17,914
   Net purchases by U.S.
       residents, by area:
     Europe                            -23,661      -13,305
       Of which: United
         Kingdom                       -18,003       -9,553
     Canada                            -11,667         -547
     Caribbean financial
       centers (2)                      -2,650        1,255
     Latin America, excluding
       Caribbean financial
       centers                           1,107          266
     Asia                               -2,986       -4,219
       Of which: Japan                  -5,720       -3,597
     Africa                                 34          369
     Other                                -429       -1,733
  Bonds, gross purchases by
     U.S. residents                    326,241      359,514
  Bonds, gross sales by U.S.
     residents                         327,791      329,440
  Bonds, net purchases by U.S.
     residents                           1,550      -30,074
   New issues in the United
     States (1)                         -2,261       -5,039
   Transactions in outstanding
     bonds, net                          3,811      -25,035
   Net purchases by U.S.
       residents, by area:
     Europe                             -7,435      -28,421
       Of which: United
         Kingdom                        -7,666      -26,814
     Canada                               -909       -1,084
     Caribbean financial
       centers (2)                      -2,605        3,568
     Latin America, excluding
       Caribbean financial
       centers                           1,865            6
     Asia                               14,055       -4,564
       Of which: Japan                  10,294       -3,648
     Africa                                411           72
     Other                              -3,832          349
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                    87,270       86,577
  Stocks, gross purchases
     foreign residents                 999,833      867,548
  Stocks, gross sales by foreign
     residents                         992,084      866,773
  Stocks, net purchases by
     foreign residents                   7,749          775
   Net purchases by foreign
       residents, by area:
     Europe                              6,305         -353
       Of which: United                  4,985        1,277
         Kingdom
     Canada                              1,909          555
     Caribbean financial
       centers (2)                      -5,846       -1,137
     Latin America, excluding
       Caribbean financial
       centers                            -309          -10
     Asia                                5,100        1,896
       Of which: Japan                   2,432        1,932
     Africa                                 10          104
     Other                                 580         -280
  Corporate bonds, gross
     Purchases by foreign
     residents                         269,135      289,942
  Corporate bonds, gross sales
     by foreign residents              214,493      205,277
  Corporate bonds, net purchases
     by foreign residents               54,642       84,665
   New issues sold abroad by
     U.S. corporations (1)              23,611       23,875
   Transactions in outstanding
     bonds, net                         31,031       60,790
   Net purchases by foreign
       residents, by area:
     Europe                             22,731       50,026
       Of which: United
         Kingdom                        10,156       30,279
     Canada                                878        1,736
     Caribbean financial
       centers (2)                      14,851       11,558
     Latin America, excluding
       Caribbean financial
       centers                           3,536        7,044
     Asia                               11,870       13,389
       Of which: Japan                   9,194        6,936
     Africa                                157          197
     Other                                 619          715
  Federally sponsored agency
     bonds, gross purchases
     by foreign residents              333,821      258,479
  Federally sponsored agency
     bonds, gross sales by
     foreign residents                 308,942      257,342
  Federally sponsored agency
     bonds, net purchases by
     foreign residents                  24,879        1,137
   New issues sold abroad by
     federally sponsored
     agencies (1)                       11,371       11,967
   Transactions in outstanding
     bonds, net                         13,508      -10,830
   Net purchases by foreign
       residents, by area:
     Europe                              9,974          544
       Of which: United                 14,401        7,441
         Kingdom
     Canada                                786          514
     Caribbean financial
       centers (2)                       5,613          950
     Latin America, excluding
       Caribbean financial
       centers                          -1,832        1,707
     Asia                               10,336       -2,560
       Of which: Japan                   7,808       -6,521
     Africa                                134         -250
     Other                                -132          232
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)                          60,480       -4,946
  U.S. Treasury bonds and notes,
   gross purchases by foreign
   residents                         2,101,123    1,991,867
  U.S. Treasury bonds and notes,
   gross sales by foreign
   residents                         2,040,643    1,996,813
  Net purchases by foreign
     residents, by area:
   Europe                               16,538      -13,634
   Canada                                1,319        2,894
   Caribbean financial
     centers (2)                        38,058        1,510
   Latin America, excluding
     Caribbean financial
     centers                             4,598       -4,467
   Asia                                   -495        8,719
   Africa                                  325          129
   Other                                   137          -97

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):
  U.S. Treasury marketable bonds
   and notes (line 134)                 61,569       39,540
  Other U.S. Government
   securities (line B6)                  3,202       11,932
  U.S. corporate and other bonds
   (part of line B16)                    1,955        3,160
  U.S. stocks (part of line B16)           813          207

   (Credits +; debits -)             Not seasonally adjusted

                                       2004         2005

                                        IV            I

Foreign securities, net
   purchases (-) or net
   sales (+) by U.S.
   residents (table 1, line
   52 or lines 4+ 18 below)            -29,814      -50,367
  Stocks, gross purchases by
   U.S. residents                      436,783      521,038
  Stocks, gross sales by U.S.
   residents                           427,077      480,989
  Stocks, net purchases by U.S.
     residents                          -9,706      -40,049
   New issues in the United
     States (1)                           -205          ...
   Transactions in outstanding
     stocks, net                        -9,501          ...
   Net purchases by U.S.
       residents, by area:
     Europe                            -20,668      -21,395
       Of which: United
         Kingdom                       -15,370      -17,334
     Canada                             -1,718       -2,780
     Caribbean financial
       centers (2)                       3,770       -2,594
     Latin America, excluding
       Caribbean financial
       centers                            -388         -179
     Asia                              -15,688      -11,135
       Of which: Japan                  -8,334       -4,438
     Africa                               -442          -47
     Other                              25,428       -1,919
  Bonds, gross purchases by
     U.S. residents                    384,794      366,118
  Bonds, gross sales by U.S.
     residents                         364,686      355,800
  Bonds, net purchases by U.S.
     residents                         -20,108      -10,318
   New issues in the United
     States (1)                         -3,846          ...
   Transactions in outstanding
     bonds, net                        -16,262          ...
   Net purchases by U.S.
       residents, by area:
     Europe                            -14,314      -11,714
       Of which: United
         Kingdom                       -13,859       -9,567
     Canada                             -5,359          253
     Caribbean financial
       centers (2)                      -2,006         -667
     Latin America, excluding
       Caribbean financial
       centers                          -2,879       -1,651
     Asia                                6,821        5,256
       Of which: Japan                   3,915         -477
     Africa                                950          -61
     Other                              -3,321       -1,734
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                   159,784       77,412
  Stocks, gross purchases
     foreign residents               1,050,020    1,047,842
  Stocks, gross sales by foreign
     residents                       1,004,455    1,029,611
  Stocks, net purchases by
     foreign residents                  45,565       18,231
   Net purchases by foreign
       residents, by area:
     Europe                             24,601        9,829
       Of which: United                 21,101        6,875
         Kingdom
     Canada                             -1,489        2,901
     Caribbean financial
       centers (2)                       9,259        3,968
     Latin America, excluding
       Caribbean financial
       centers                            -226         -280
     Asia                                2,074        1,945
       Of which: Japan                   3,809         -100
     Africa                                  1          248
     Other                              11,345         -380
  Corporate bonds, gross
     Purchases by foreign
     residents                         312,112      309,479
  Corporate bonds, gross sales
     by foreign residents              241,193      251,898
  Corporate bonds, net purchases
     by foreign residents               70,919       57,581
   New issues sold abroad by
     U.S. corporations (1)              18,209          ...
   Transactions in outstanding
     bonds, net                         52,710          ...
   Net purchases by foreign
       residents, by area:
     Europe                             37,761       32,816
       Of which: United
         Kingdom                        28,096       20,103
     Canada                              2,301          628
     Caribbean financial
       centers (2)                       9,246        7,065
     Latin America, excluding
       Caribbean financial
       centers                           7,694        3,024
     Asia                               13,837       12,468
       Of which: Japan                   7,468        5,584
     Africa                                135          224
     Other                                 -55        1,356
  Federally sponsored agency
     bonds, gross purchases
     by foreign residents              230,738      222,114
  Federally sponsored agency
     bonds, gross sales by
     foreign residents                 187,438      220,514
  Federally sponsored agency
     bonds, net purchases by
     foreign residents                  43,300        1,600
   New issues sold abroad by
     federally sponsored
     agencies (1)                       11,660          ...
   Transactions in outstanding
     bonds, net                         31,640          ...
   Net purchases by foreign
       residents, by area:
     Europe                              9,740       -3,949
       Of which: United                  4,856        2,567
         Kingdom
     Canada                              1,296        2,724
     Caribbean financial
       centers (2)                       6,203       -1,457
     Latin America, excluding
       Caribbean financial
       centers                           1,272        4,895
     Asia                               25,259         -139
       Of which: Japan                  17,976       -5,664
     Africa                               -159         -231
     Other                                -311         -243
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)                             599       85,527
  U.S. Treasury bonds and notes,
   gross purchases by foreign
   residents                         2,098,054    2,343,034
  U.S. Treasury bonds and notes,
   gross sales by foreign
   residents                         2,097,455    2,257,507
  Net purchases by foreign
     residents, by area:
   Europe                               15,771        3,319
   Canada                                7,661        5,917
   Caribbean financial
     centers (2)                       -30,003       69,172
   Latin America, excluding
     Caribbean financial
     centers                              -416          875
   Asia                                  6,615        5,645
   Africa                                  213          850
   Other                                   758         -251

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):
  U.S. Treasury marketable bonds
   and notes (line 134)                 51,973       18,549
  Other U.S. Government
   securities (line B6)                 15,063       23,781
  U.S. corporate and other bonds
   (part of line B16)                    4,413        2,966
  U.S. stocks (part of line B16)         1,412         -454

   (Credits +; debits -)             Not seasonally adjusted

                                              2005

                                        II           III

Foreign securities, net
   purchases (-) or net
   sales (+) by U.S.
   residents (table 1, line
   52 or lines 4+ 18 below)            -45,702      -36,790
  Stocks, gross purchases by
   U.S. residents                      516,562      570,104
  Stocks, gross sales by U.S.
   residents                           491,949      535,429
  Stocks, net purchases by U.S.
     residents                         -24,613      -34,675
   New issues in the United
     States (1)                            ...          ...
   Transactions in outstanding
     stocks, net                           ...          ...
   Net purchases by U.S.
       residents, by area:
     Europe                            -11,965       -8,631
       Of which: United
         Kingdom                        -4,656       -7,809
     Canada                                933          800
     Caribbean financial
       centers (2)                      -5,802        2,204
     Latin America, excluding
       Caribbean financial
       centers                            -491       -1,580
     Asia                               -6,530      -26,155
       Of which: Japan                    -843      -17,415
     Africa                               -328         -617
     Other                                -430         -696
  Bonds, gross purchases by
     U.S. residents                    396,028      353,658
  Bonds, gross sales by U.S.
     residents                         374,939      351,543
  Bonds, net purchases by U.S.
     residents                         -21,089       -2,115
   New issues in the United
     States (1)                            ...          ...
   Transactions in outstanding
     bonds, net                            ...          ...
   Net purchases by U.S.
       residents, by area:
     Europe                            -27,360        8,813
       Of which: United
         Kingdom                       -24,279        9,605
     Canada                               -615       -1,774
     Caribbean financial
       centers (2)                       8,984       -4,984
     Latin America, excluding
       Caribbean financial
       centers                          -5,474       -8,521
     Asia                                8,200        5,334
       Of which: Japan                   5,427        1,803
     Africa                                 32          226
     Other                              -4,856       -1,209
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                   111,808      153,049
  Stocks, gross purchases
     foreign residents               1,128,800    1,097,303
  Stocks, gross sales by foreign
     residents                       1,115,316    1,066,978
  Stocks, net purchases by
     foreign residents                  13,484       30,325
   Net purchases by foreign
       residents, by area:
     Europe                             10,611       11,615
       Of which: United                  7,160        4,925
         Kingdom
     Canada                                957       10,785
     Caribbean financial
       centers (2)                      -2,228        7,588
     Latin America, excluding
       Caribbean financial
       centers                             -65          390
     Asia                                4,738         -519
       Of which: Japan                     155       -1,248
     Africa                                -54          117
     Other                                -475          349
  Corporate bonds, gross
     Purchases by foreign
     residents                         320,390      304,564
  Corporate bonds, gross sales
     by foreign residents              241,943      215,876
  Corporate bonds, net purchases
     by foreign residents               78,447       86,688
   New issues sold abroad by
     U.S. corporations (1)                 ...          ...
   Transactions in outstanding
     bonds, net                            ...          ...
   Net purchases by foreign
       residents, by area:
     Europe                             50,879       55,403
       Of which: United
         Kingdom                        37,199       41,283
     Canada                               -155           86
     Caribbean financial
       centers (2)                      11,836       14,799
     Latin America, excluding
       Caribbean financial
       centers                           2,701        1,534
     Asia                               11,583       13,731
       Of which: Japan                   4,285        6,592
     Africa                                 78          194
     Other                               1,525        2,941
  Federally sponsored agency
     bonds, gross purchases
     by foreign residents              227,729      256,669
  Federally sponsored agency
     bonds, gross sales by
     foreign residents                 207,852      222,633
  Federally sponsored agency
     bonds, net purchases by
     foreign residents                  19,877       34,036
   New issues sold abroad by
     federally sponsored
     agencies (1)                          ...          ...
   Transactions in outstanding
     bonds, net                            ...          ...
   Net purchases by foreign
       residents, by area:
     Europe                             -1,962        2,395
       Of which: United                 -2,403        3,027
         Kingdom
     Canada                              3,094        2,548
     Caribbean financial
       centers (2)                       4,530        5,588
     Latin America, excluding
       Caribbean financial
       centers                             504          330
     Asia                               13,584       23,424
       Of which: Japan                   8,667       13,241
     Africa                                -46           85
     Other                                 173         -334
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)                          14,300       52,385
  U.S. Treasury bonds and notes,
   gross purchases by foreign
   residents                         2,450,067    2,407,891
  U.S. Treasury bonds and notes,
   gross sales by foreign
   residents                         2,435,767    2,355,506
  Net purchases by foreign
     residents, by area:
   Europe                                9,212       22,366
   Canada                                5,587        4,274
   Caribbean financial
     centers (2)                       -19,047        1,174
   Latin America, excluding
     Caribbean financial
     centers                             2,718        5,425
   Asia                                 15,063       17,905
   Africa                                 -321          875
   Other                                 1,088          366

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):
  U.S. Treasury marketable bonds
   and notes (line 134)                 48,575       17,738
  Other U.S. Government
   securities (line B6)                 19,421       17,713
  U.S. corporate and other bonds
   (part of line B16)                    4,229        5,594
  U.S. stocks (part of line B16)          -228        1,244

   (Credits +; debits -)             Not seasonally adjusted

                                       2005         2006

                                        IV          I (p)

Foreign securities, net
   purchases (-) or net
   sales (+) by U.S.
   residents (table 1, line
   52 or lines 4+ 18 below)            -47,266      -53,478
  Stocks, gross purchases by
   U.S. residents                      722,156      821,716
  Stocks, gross sales by U.S.
   residents                           679,359      780,664
  Stocks, net purchases by U.S.
     residents                         -42,797      -41,052
   New issues in the United
     States (1)                            ...          ...
   Transactions in outstanding
     stocks, net                           ...          ...
   Net purchases by U.S.
       residents, by area:
     Europe                            -12,932      -11,422
       Of which: United
         Kingdom                        -3,824       -8,562
     Canada                             -3,781       -3,352
     Caribbean financial
       centers (2)                       3,341        1,872
     Latin America, excluding
       Caribbean financial
       centers                          -3,928       -3,064
     Asia                              -22,948      -22,261
       Of which: Japan                 -17,172       -2,555
     Africa                               -861       -1,113
     Other                              -1,688       -1,712
  Bonds, gross purchases by
     U.S. residents                    375,911      457,523
  Bonds, gross sales by U.S.
     residents                         371,442      445,097
  Bonds, net purchases by U.S.
     residents                          -4,469      -12,426
   New issues in the United
     States (1)                            ...          ...
   Transactions in outstanding
     bonds, net                            ...          ...
   Net purchases by U.S.
       residents, by area:
     Europe                                -22       -8,932
       Of which: United
         Kingdom                         1,795      -12,702
     Canada                                685       -3,818
     Caribbean financial
       centers (2)                      -5,867        2,263
     Latin America, excluding
       Caribbean financial
       centers                          -1,467       -5,363
     Asia                                3,470        3,109
       Of which: Japan                     467          156
     Africa                                 20           38
     Other                              -1,288          277
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                   131,871      183,011
  Stocks, gross purchases
     foreign residents               1,185,773    1,270,605
  Stocks, gross sales by foreign
     residents                       1,162,030    1,216,544
  Stocks, net purchases by
     foreign residents                  23,743       54,061
   Net purchases by foreign
       residents, by area:
     Europe                             11,189       40,196
       Of which: United                  4,687       25,092
         Kingdom
     Canada                              5,748        4,376
     Caribbean financial
       centers (2)                       4,433        6,122
     Latin America, excluding
       Caribbean financial
       centers                            -453        1,067
     Asia                                2,358        1,835
       Of which: Japan                   1,169          688
     Africa                                -28           82
     Other                                 496          383
  Corporate bonds, gross
     Purchases by foreign
     residents                         307,322      332,878
  Corporate bonds, gross sales
     by foreign residents              216,033      245,327
  Corporate bonds, net purchases
     by foreign residents               91,289       87,551
   New issues sold abroad by
     U.S. corporations (1)                 ...          ...
   Transactions in outstanding
     bonds, net                            ...          ...
   Net purchases by foreign
       residents, by area:
     Europe                             61,851       55,673
       Of which: United
         Kingdom                        41,604       42,321
     Canada                              1,464        2,211
     Caribbean financial
       centers (2)                       6,902       12,617
     Latin America, excluding
       Caribbean financial
       centers                           1,327        2,059
     Asia                               18,009       12,092
       Of which: Japan                   9,540        2,139
     Africa                                127           90
     Other                               1,609        2,809
  Federally sponsored agency
     bonds, gross purchases
     by foreign residents              268,710      287,553
  Federally sponsored agency
     bonds, gross sales by
     foreign residents                 251,871      246,154
  Federally sponsored agency
     bonds, net purchases by
     foreign residents                  16,939       41,399
   New issues sold abroad by
     federally sponsored
     agencies (1)                          ...          ...
   Transactions in outstanding
     bonds, net                            ...          ...
   Net purchases by foreign
       residents, by area:
     Europe                             -8,396        6,023
       Of which: United                 -6,969        4,315
         Kingdom
     Canada                              3,849        2,918
     Caribbean financial
       centers (2)                      -5,539        9,527
     Latin America, excluding
       Caribbean financial
       centers                           1,475          392
     Asia                               25,581       22,277
       Of which: Japan                  18,875        6,022
     Africa                               -128           -5
     Other                                  -3          267
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)                          63,151       -6,516
  U.S. Treasury bonds and notes,
   gross purchases by foreign
   residents                         2,113,881    2,384,346
  U.S. Treasury bonds and notes,
   gross sales by foreign
   residents                         2,050,730    2,390,862
  Net purchases by foreign
     residents, by area:
   Europe                               33,453        3,112
   Canada                                5,988        6,588
   Caribbean financial
     centers (2)                        12,873      -17,802
   Latin America, excluding
     Caribbean financial
     centers                             1,461        2,294
   Asia                                  7,445           67
   Africa                                  591          773
   Other                                 1,340       -1,548

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):
  U.S. Treasury marketable bonds
   and notes (line 134)                 30,905       28,039
  Other U.S. Government
   securities (line B6)                 23,786       24,809
  U.S. corporate and other bonds
   (part of line B16)                    5,651        8,163
  U.S. stocks (part of line B16)           256        1,729

(p) Preliminary. (r) Revised. * Less than
$500,000 (+/-). (D) Suppressed to avoid disclosure of data of
individual companies. Quarterly estimates are not annualized and are
expressed at quarterly rates.

(1.) Beginning with 2005, source data for new issue estimates are no
longer separately available. New issues continue to be included in net
purchases.

(2.) Bahamas, Bermuda, British West Indies (Cayman Islands), and
Netherlands Antilles.

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

                                  [Millions of dollars]

Li-  (Credits +; decrease in U.S.      2003        2004        2005
ne   assets or increase in U.S.
     liabilities. Debits -;
     increase in U.S. assets or
     decrease in U.S. liabilities.)

A1 Claims, total (table 1, line 53)   -18,851    -120,017     -44,221
 2   Financial claims                 -16,570    -121,123     -42,927
 3       Denominated in U.S,
           dollars                    -13,852     -89,775     -55,177
 4       Denominated in foreign
           currencies                  -2,718     -31,348      12,250
       By instrument: (3)
 5       Resale agreements              2,787     -10,677       7,578
 6       Negotiable certificates
           of deposit                      44          54          38
         Other short-term
           instruments
 7         (including money
           market instruments)          2,074      -6,730      -3,343
 8       Deposits                     -24,561     -86,993     -43,411
 9       Other claims                   3,086     -16,777      -3,789
10         Of which: Financial
             intermediaries'
             accounts (1)               5,092      -4,152      -1,168
       By area:
11       Europe                       -38,917     -40,479     -18,156
           Of which:
12           United Kingdom           -30,571     -28,854        -555
13           Germany                    2,382      16,926      14,091
14       Caribbean financial
             centers (5)
15       Other                         -3,399     -78,016     -23,940
16   Commercial claims                 -2,281       1,106      -1,294
17       Denominated in U.S.
           dollars                        182      -1,912      -2,459
18       Denominated in foreign
           currencies                  -2,463       3,018       1,165
       By instrument:
19       Trade receivables             -2,226        -409        -320
20       Advance payments and
           other claims                   -55       1,515        -974
       By area:
21       Europe                          -175       1,215       1,176
22       Canada                          -314       1,065        -761
23       Asia                             -57      -1,525      -1,244
24       Other                         -1,735         351        -465
B1 Liabilities, total (table 1,        96,526      93,250      30,105
       line 68
 2   Financial liabilities             96,798      91,137      22,048
 3       Denominated in U.S.
           dollars                    100,232      74,271       9,417
 4       Denominated in foreign
           currencies                  -3,434      16,866      12,631
       By instrument: (3)
 5       Repurchase agreements          6,785     195,641     -19,191
 6       Short-term instruments        -8,590      -2,975       1,125
 7       Other liabilities             98,603      74,548      40,114
 8         Of which: Financial
             intermediaries'
             accounts (4)             -65,626       5,642      13,838
       By area:
 9       Europe                        84,779      69,299      16,458
           Of which:
10           United Kingdom            64,693      67,447     -10,126
11           Germany                   14,581      -1,857       2,590
12       Caribbean financial
           centers (5)                 13,057      16,416      -1,703
13       Other                         -1,038       5,422       7,293
14   Commercial liabilities              -272       2,113       8,057
15       Denominated in U S.
           dollars                       -573       1,444       8,260
16       Denominated in foreign
           currencies                     301         669        -203
       By instrument:
17       Trade payables                 2,502         919       5,011
18       Advance receipts and
           other liabilities           -2,774       1,194       3,046
       By area:
19       Europe                         1,909       1,129      -3,295
20       Canada                        -1,496         -68       4,164
21       Asia                            -221         480       5,587
22       Other                           -464         572       1,601

  (Credits +; decrease in U.S.             Not seasonally adjusted
  assets or increase in U.S.
  liabilities. Debits -;
  increase in U.S. assets or                       2004
  decrease in U.S. liabilities.)
                                        I           II         III

Claims, total (table 1, line 53)      -55,101      -4,969      -3,501
  Financial claims                    -54,837      -4,248      -6,183
     Denominated in U.S,
       dollars                        -46,752       7,663     -11,406
     Denominated in foreign
       currencies                      -8,085     -11,911       5,223
   By instrument: (3)
     Resale agreements                   -936      -6,084         372
     Negotiable certificates
       of deposit                         151        -123          59
     Other short-term
       instruments
       (including money
       market instruments)                583      -2,876      -2,184
     Deposits                         -49,347       8,683      -7,265
     Other claims                      -5,288      -3,848      28,351
       Of which: Financial
         intermediaries'
         accounts (1)                  -2,157       1,790       3,172
   By area:
     Europe                           -37,062      14,416        -765
       Of which:
         United Kingdom               -24,006      10,059      -1,338
         Germany                        5,475       3,317       1,811
     Caribbean financial
         centers (5)
     Other                            -15,615     -23,284      -6,969
  Commercial claims                      -264        -721       2,682
     Denominated in U.S.
       dollars                           -638      -1,246        -508
     Denominated in foreign
       currencies                         374         525       3,190
   By instrument:
     Trade receivables                     11      -1,404      25,861
     Advance payments and
       other claims                      -275         683          96
   By area:
     Europe                               231         729         564
     Canada                              -204         967          34
     Asia                                 102        -943        -431
     Other                               -393     -14,741       2,515
Liabilities, total (table 1,           42,419       2,840      13,353
   line 68
  Financial liabilities                38,252       3,389      13,976
     Denominated in U.S.
       dollars                         47,738       1,098       3,195
     Denominated in foreign
       currencies                      -9,486       2,291      10,781
   By instrument: (3)
     Repurchase agreements              6,305      11,046      -1,142
     Short-term instruments            -4,024       1,069         425
     Other liabilities                 35,971      -8,726      14,693
       Of which: Financial
         intermediaries'
         accounts (4)                   3,754      -2,881      -3,713
   By area:
     Europe                            37,550      -5,944       5,675
       Of which:
         United Kingdom                38,715      -9,393       6,504
         Germany                       -2,419        -539        -769
     Caribbean financial
       centers (5)                     -2,612       9,630       5,674
     Other                              3,314        -297       2,627
  Commercial liabilities                4,167        -549        -623
     Denominated in U S.
       dollars                          4,367        -803      -1,417
     Denominated in foreign
       currencies                        -200         254         794
   By instrument:
     Trade payables                       316         917         -36
     Advance receipts and
       other liabilities                3,851      -1,466        -587
   By area:
     Europe                             1,869      -1,177        -733
     Canada                               261         344         481
     Asia                                 937        -165         322
     Other                              1,100         449        -693

  (Credits +; decrease in U.S.               Not seasonally adjusted
  assets or increase in U.S.
  liabilities. Debits -;
  increase in U.S. assets or           2004              2005
  decrease in U.S. liabilities.)
                                        IV          I           II

Claims, total (table 1, line 53)      -56,446     -67,170      57,244
  Financial claims                    -55,855     -67,362      57,772
     Denominated in U.S,
       dollars                        -39,280     -84,389      46,932
     Denominated in foreign
       currencies                     -16,575      17,027      10,840
   By instrument: (3)
     Resale agreements                 -4,029       5,658       2,297
     Negotiable certificates
       of deposit                         -33           9         -79
     Other short-term
       instruments
       (including money
       market instruments)             -2,253      -2,034      30,861
     Deposits                         -39,064     -79,732      49,940
     Other claims                     -10,476       8,737       2,528
       Of which: Financial
         intermediaries'
         accounts (1)                  -6,957       1,639      -2,451
   By area:
     Europe                           -17,068     -64,715      72,029
       Of which:
         United Kingdom               -13,569     -46,427      61,332
         Germany                        6,323        -409       5,216
     Caribbean financial
         centers (5)
     Other                            -32,148       3,007     -17,663
  Commercial claims                      -591         192        -528
     Denominated in U.S.
       dollars                            480        -169        -739
     Denominated in foreign
       currencies                      -1,071         361         211
   By instrument:
     Trade receivables                 -1,602       1,254        -901
     Advance payments and
       other claims                     1,011      -1,062         373
   By area:
     Europe                              -309          18         177
     Canada                               268        -130         -16
     Asia                                -253         457        -852
     Other                               -297        -153         163
Liabilities, total (table 1,           34,638      80,174     -20,035
   line 68
  Financial liabilities                35,520      76,115     -26,486
     Denominated in U.S.
       dollars                         22,240      88,033     -27,494
     Denominated in foreign
       currencies                      13,280     -11,918       1,008
   By instrument: (3)
     Repurchase agreements              3,355      -7,743     -10,609
     Short-term instruments              -445      -2,338       4,755
     Other liabilities                 32,610      86,196     -20,632
       Of which: Financial
         intermediaries'
         accounts (4)                   8,482       9,488       1,738
   By area:
     Europe                            32,018      73,903     -20,202
       Of which:
         United Kingdom                31,621      67,045     -27,627
         Germany                        1,870         -28      -6,989
     Caribbean financial
       centers (5)                      3,724      -3,672      -4,663
     Other                               -222       5,884      -1,621
  Commercial liabilities                 -882       4,059       6,451
     Denominated in U S.
       dollars                           -703       4,078       6,655
     Denominated in foreign
       currencies                        -179         -19        -204
   By instrument:
     Trade payables                      -278       3,186       1,242
     Advance receipts and
       other liabilities                 -604         873       5,209
   By area:
     Europe                             1,170      -1,415       3,674
     Canada                            -1,154       2,382        -502
     Asia                                -614       2,153       2,500
     Other                               -284         939         779

  (Credits +; decrease in U.S.       Not seasonally adjusted
  assets or increase in U.S.
  liabilities. Debits -;
  increase in U.S. assets or                 2005
  decrease in U.S. liabilities.)
                                       III          IV

Claims, total (table 1, line 53)      -29,463      -4,812
  Financial claims                    -31,023      -2,314
     Denominated in U.S,
       dollars                        -16,580      -1,140
     Denominated in foreign
       currencies                     -14,443      -1,174
   By instrument: (3)
     Resale agreements                   -427          50
     Negotiable certificates
       of deposit                          91          17
     Other short-term                       1
       instruments
       (including money
       market instruments)             -3,039      -1,356
     Deposits                          -6,676      -6,943
     Other claims                     -20,972       5,918
       Of which: Financial
         intermediaries'
         accounts (1)                  -5,460       5,104
   By area:
     Europe                           -33,751       8,281
       Of which:
         United Kingdom                -8,174      -7,286
         Germany                         -279       9,563
     Caribbean financial
         centers (5)
     Other                              8,221     -17,505
  Commercial claims                     1,540      -2,498
     Denominated in U.S.
       dollars                            930      -2,481
     Denominated in foreign
       currencies                         610         -17
   By instrument:
     Trade receivables                  1,037      -1,710
     Advance payments and
       other claims                       503        -788
   By area:
     Europe                               909          72
     Canada                               138        -753
     Asia                                 673      -1,522
     Other                               -180        -295
Liabilities, total (table 1,           20,271     -50,305
   line 68
  Financial liabilities                21,123     -48,704
     Denominated in U.S.
       dollars                          8,169     -59,291
     Denominated in foreign
       currencies                      12,954      10,587
   By instrument: (3)
     Repurchase agreements             -1,938       1,099
     Short-term instruments           -17,871         495
     Other liabilities                 24,848     -50,298
       Of which: Financial
         intermediaries'
         accounts (4)                  -1,533       4,145
   By area:
     Europe                             6,600     -43,843
       Of which:
         United Kingdom                -1,355     -48,189
         Germany                        5,162       4,445
     Caribbean financial
       centers (5)                     12,733      -6,101
     Other                              1,790       1,240
  Commercial liabilities                 -852      -1,601
     Denominated in U S.
       dollars                           -777      -1,696
     Denominated in foreign
       currencies                         -75          95
   By instrument:
     Trade payables                     1,293        -710
     Advance receipts and
       other liabilities               -2,145        -891
   By area:
     Europe                            -2,000      -3,554
     Canada                             1,531         753
     Asia                                 -58         992
     Other                               -325         208

  (Credits +; decrease in U.S.       Not seasonally
  assets or increase in U.S.         adjusted
  liabilities. Debits -;                            Amounts
  increase in U.S. assets or           2006        Outstanding
  decrease in U.S. liabilities.)                   March 31,
                                      I (2)           2006

Claims, total (table 1, line 53)      -36,420       824,140
  Financial claims                    -36,420       790,584
     Denominated in U.S,
       dollars                        -38,158       628,947
     Denominated in foreign
       currencies                       1,738       161,637
   By instrument: (3)
     Resale agreements                  1,904         2,912
     Negotiable certificates
       of deposit                          63             2
     Other short-term
       instruments
       (including money
       market instruments)                756        12,363
     Deposits                         -38,413       659,630
     Other claims                        -730       115,677
       Of which: Financial
         intermediaries'
         accounts (1)                  -8,885        76,791
   By area:
     Europe                           -44,811       473,025
       Of which:
         United Kingdom               -33,150       262,204
         Germany                         -224        58,101
     Caribbean financial
         centers (5)
     Other                              4,161       287,314
  Commercial claims                       ...        33,556
     Denominated in U.S.
       dollars                            ...        29,898
     Denominated in foreign
       currencies                         ...         3,658
   By instrument:
     Trade receivables                    ...        29,187
     Advance payments and
       other claims                       ...         4,369
   By area:
     Europe                               ...        12,084
     Canada                               ...         2,750
     Asia                                 ...        10,073
     Other                                ...         8,649
Liabilities, total (table 1,           45,963       615,316
   line 68
  Financial liabilities                45,963       577,855
     Denominated in U.S.
       dollars                         34,063       459,066
     Denominated in foreign
       currencies                      11,900       118,789
   By instrument: (3)
     Repurchase agreements             -1,229        19,613
     Short-term instruments            -1,296         5,021
     Other liabilities                 48,488       553,221
       Of which: Financial
         intermediaries'
         accounts (4)                  10,414        62,307
   By area:
     Europe                            73,447       529,579
       Of which:
         United Kingdom                79,577       340,804
         Germany                       -1,173        78,032
     Caribbean financial
       centers (5)                    -26,919        31,178
     Other                               -565        17,098
  Commercial liabilities                  ...        37,461
     Denominated in U S.
       dollars                            ...        34,637
     Denominated in foreign
       currencies                         ...         2,824
   By instrument:
     Trade payables                       ...        23,050
     Advance receipts and
       other liabilities                  ...        14,411
   By area:
     Europe                               ...        10,576
     Canada                               ...         2,375
     Asia                                 ...        17,427
     Other                                ...         7,083

(p) Preliminary. (r) Revised. * Less than
$500,000 (+/-). (D) Suppressed to avoid disclosure of data of
individual companies. Quarterly estimates are not annualized and are
expressed at quarterly rates.

(1.) Prior to 2003, securities brokers' claims on and liabilities to
their foreign affiliates are included in the estimates. They are
excluded beginning in 2003.

(2.) Estimates of commercial claims and liabilities with unaffiliated
foreigners are not available.

(3.) Complete instrument detail is only available beginning with 2003.

(4.) Financial intermediaries' accounts are shown under "other claims
(liabilities)" because the majority of these claims (liabilities) are
in the form of intercompany balances. Financial intermediaries'
accounts represent transactions between firms in a direct investment
relationship (that is, between U.S. parents and their foreign
affiliates or between U.S. affiliates and their foreign parent groups),
where both the U.S. and foreign firms are classified in a finance
industry, But the firms are neither banks nor securities brokers.

(5.) Bahamas, Bermuda, British West Indies (Cayman Islands), and
Netherlands Antilles.

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

                              [Millions of dollars]

Li-  (Credits +; decrease in U.S.      2003        2004        2005
ne   assets. Debits -; increase in
     U.S. assets.)

 1 Claims reported by U.S. banks
       and securities brokers,
       total (table 1, line 54)       -13,141    -361,623    -213,018
 2   Claims for own accounts           -7,104    -356,766    -133,586
 3     Denominated in dollars         -13,476    -329,278    -153,498
         By instrument: (2)
 4         Resale agreements          -78,178    -134,669       8,327
 5         Negotiable
             certificates of
             deposit                    1,970      -3,594       1,166
 6         Other short-term
             instruments
             (including money
             market instruments)       16,641       1,440      -3,367
 7         Deposits and brokerage
             balances                 -29,187    -155,470     -61,822
 8         Other claims
             (including loans)         75,278     -36,985     -97,802
         By foreign borrower:
           Claims on:
 9           Foreign banks             10,700    -197,678    -178,690
10           Foreign nonbanks,
               excluding foreign
               official
               institutions            -8,002    -111,630      25,606
11           Foreign official
               institutions (3)       -16,174     -19,970        -414
         By type of U.S.
             reporting
             institution: (4)
           U.S: owned banks'
             claims on:
12             Foreign banks           29,249     -21,795     -59,340
13           Foreign nonbanks and
               foreign official
               institutions            19,388       4,597      -8,036
           Foreign-owned banks'
               claims on:
14           Foreign banks             -3,106    -142,435    -102,560
15           Foreign nonbanks and
               foreign official
               institutions               909      -4,834      -2,764
           Brokers' and dealers'
               claims on:
16           Foreign banks            -15,443     -33,448     -16,790
17           Foreign nonbanks and
               foreign official
               institutions           -44,473    -131,363      35,992
18     Denominated in foreign
           currencies                   6,372     -27,488      19,912
         By instrument: (2)
19         Deposits and brokerage
             balances                   1,986     -10,339       2,387
20         Other claims
             (including loans)          4,386     -17,149      17,525
21   Claims for customers' accounts    -5,910      -4,857     -79,432
22     Denominated in dollars         -12,793       1,992     -52,915
         By instrument: (2)
23         Commercial papers (5)         -197       6,472         344
24         Negotiable
             certificates of
             deposit                    5,178      -1,423      -4,858
25         Other short-term
             instruments market
             instruments) (6)          -2,116      -3,031     -18,629
26         Deposits and brokerage
             balances (including
             sweep accounts) (7)      -22,495       3,729     -24,338
27         Other claims                 6,837      -3,755      -5,434
28     Denominated in foreign
           currencies                   6,883      -6,849     -26,517
         By instrument: (2)
29         Deposits and brokerage
             balances                   3,588      -2,885     -13,648
30         Other claims                 3,295      -3,964     -12,869
   Claims, total (line 1), by area:
31   Europe                            -3,423    -230,156    -115,029
       Of which:
32       United Kingdom               -46,139    -128,079     -39,224
33       Switzerland                   59,988     -31,959     -41,184
34   Canada                             6,773       8,650     -20,259
35   Caribbean financial
       centers (8)                      9,362    -112,743     -38,817
36   Latin America, excluding
       Caribbean financial centers      5,291       3,263      -1,241
37   Asia                             -29,333     -29,749     -30,719
38     Of which: Japan                -18,996     -26,777      -9,526
39   Africa                               332       3,254        -216
40   Other                             -4,016      -4,142      -6,737

   Memoranda:
 1 International banking facilities
       (IBFs) own claims,
       denominated in dollars (in
       lines 1-15 above)               19,552     -71,369     -82,764
     By bank ownership: (4)
 2     U.S.-owned IBFs                 16,245       7,649      -9,946
 3     Foreign-owned IBFs               3,307     -79,018     -72,818

  (Credits +; decrease in U.S.           Not seasonally adjusted
  assets. Debits -; increase in
  U.S. assets.)                                    2004

                                        I           II         III

Claims reported by U.S. banks
   and securities brokers,
   total (table 1, line 54)          -169,223     -39,426     -55,178
  Claims for own accounts            -182,420     -22,575     -56,769
   Denominated in dollars            -178,503     -14,613     -62,695
     By instrument: (2)
       Resale agreements              -36,798       3,377     -64,898
       Negotiable
         certificates of
         deposit                       -1,165      -1,443         -32
       Other short-term
         instruments
         (including money
         market instruments)              158         159        -118
       Deposits and brokerage
         balances                     -63,860     -25,119       1,534
       Other claims
         (including loans)            -76,838       8,413         819
     By foreign borrower:
       Claims on:
         Foreign banks               -134,608      -2,319     -44,423
         Foreign nonbanks,
           excluding foreign
           official
           institutions               -26,824     -12,005     -23,269
         Foreign official
           institutions (3)           -17,071        -289       4,997
     By type of U.S.
         reporting
         institution: (4)
       U.S: owned banks'
         claims on:
           Foreign banks              -38,239       1,152      -9,187
         Foreign nonbanks and
           foreign official
           institutions                -2,747       5,596       2,369
       Foreign-owned banks'
           claims on:
         Foreign banks                -80,014     -10,481      -5,909
         Foreign nonbanks and
           foreign official
           institutions                  -671     -11,460       6,222
       Brokers' and dealers'
           claims on:
         Foreign banks                -16,355       7,010     -29,327
         Foreign nonbanks and
           foreign official
           institutions               -40,477      -6,430     -26,863
   Denominated in foreign
       currencies                      -3,917      -7,962       5,926
     By instrument: (2)
       Deposits and brokerage
         balances                        -162      -1,940       1,746
       Other claims
         (including loans)             -3,735      -6,022       4,180
  Claims for customers' accounts       13,197     -16,851       1,591
   Denominated in dollars              10,734     -15,699       7,276
     By instrument: (2)
       Commercial papers (5)           -6,216       9,123          39
       Negotiable
         certificates of
         deposit                        4,851     -19,312      17,538
       Other short-term
         instruments market
         instruments) (6)              -1,777       5,144      -1,884
       Deposits and brokerage
         balances (including
         sweep accounts) (7)           12,285     -12,269      -2,379
       Other claims                     1,591       1,615      -6,038
   Denominated in foreign
       currencies                       2,463      -1,152      -5,685
     By instrument: (2)
       Deposits and brokerage
         balances                        -519      -4,493       2,364
       Other claims                     2,982       3,341      -8,049
Claims, total (line 1), by area:
  Europe                             -110,222     -21,963     -37,441
   Of which:
     United Kingdom                   -47,150     -19,214     -37,042
     Switzerland                      -24,619      11,721     -16,345
  Canada                                4,134        -841       7,005
  Caribbean financial
   centers (8)                        -48,960     -24,270     -16,638
  Latin America, excluding
   Caribbean financial centers           -756         886       2,799
  Asia                                 -8,230      -4,297      -9,133
   Of which: Japan                      5,448     -12,715     -10,123
  Africa                                  -54       3,444          83
  Other                                -5,135       7,615      -1,853

Memoranda:
International banking facilities
   (IBFs) own claims,
   denominated in dollars (in
   lines 1-15 above)                  -45,466      -1,731     -33,651
  By bank ownership: (4)
   U.S.-owned IBFs                    -16,359      -5,843       2,374
   Foreign-owned IBFs                 -29,107       4,112     -36,025

  (Credits +; decrease in U.S.            Not seasonally adjusted
  assets. Debits -; increase in
  U.S. assets.)                        2004              2005

                                        IV          I           II

Claims reported by U.S. banks
   and securities brokers,
   total (table 1, line 54)           -97,796      53,483    -174,153
  Claims for own accounts             -95,002      76,712    -168,484
   Denominated in dollars             -73,467      66,066    -163,863
     By instrument: (2)
       Resale agreements              -36,350         840     -48,614
       Negotiable
         certificates of
         deposit                         -954        -273        -425
       Other short-term
         instruments
         (including money
         market instruments)            1,241      -1,390      -1,949
       Deposits and brokerage
         balances                     -68,025      -2,853     -66,955
       Other claims
         (including loans)             30,621      69,742     -45,920
     By foreign borrower:
       Claims on:
         Foreign banks                -16,328      57,620    -139,538
         Foreign nonbanks,
           excluding foreign
           official
           institutions               -49,532       8,737     -14,385
         Foreign official
           institutions (3)            -7,607        -291      -9,940
     By type of U.S.
         reporting
         institution: (4)
       U.S: owned banks'
         claims on:
           Foreign banks               24,479      22,929     -63,941
         Foreign nonbanks and
           foreign official
           institutions                  -621      -2,445         -71
       Foreign-owned banks'
           claims on:
         Foreign banks                -46,031      30,248     -46,399
         Foreign nonbanks and
           foreign official
           institutions                 1,075       4,186      -4,289
       Brokers' and dealers'
           claims on:
         Foreign banks                  5,224       4,443     -29,198
         Foreign nonbanks and
           foreign official
           institutions               -57,593       6,705     -19,965
   Denominated in foreign
       currencies                     -21,535      10,646      -4,621
     By instrument: (2)
       Deposits and brokerage
         balances                      -9,963       2,083      -1,970
       Other claims
         (including loans)            -11,572       8,563      -2,651
  Claims for customers' accounts       -2,794     -23,229      -5,669
   Denominated in dollars                -319     -12,987       1,605
     By instrument: (2)
       Commercial papers (5)            3,526          17      -3,049
       Negotiable
         certificates of
         deposit                       -4,500       4,017         766
       Other short-term
         instruments market
         instruments) (6)              -4,514      -4,543         -93
       Deposits and brokerage
         balances (including
         sweep accounts) (7)            6,092     -13,595       6,714
       Other claims                      -923       1,117      -2,733
   Denominated in foreign
       currencies                      -2,475     -10,242      -7,274
     By instrument: (2)
       Deposits and brokerage
         balances                        -237     -12,783      -1,307
       Other claims                    -2,238       2,541      -5,967
Claims, total (line 1), by area:
  Europe                              -60,530      45,631     -94,963
   Of which:
     United Kingdom                   -24,673      42,460     -37,451
     Switzerland                       -2,716      20,806     -33,765
  Canada                               -1,648         272      -1,729
  Caribbean financial
   centers (8)                        -22,875        -332     -66,642
  Latin America, excluding
   Caribbean financial centers            334      -2,429       1,413
  Asia                                 -8,089       7,727      -7,384
   Of which: Japan                     -9,387      12,594      -5,488
  Africa                                 -219           3        -167
  Other                                -4,769       2,611      -4,681

Memoranda:
International banking facilities
   (IBFs) own claims,
   denominated in dollars (in
   lines 1-15 above)                    9,479      28,985     -59,363
  By bank ownership: (4)
   U.S.-owned IBFs                     27,477       3,136     -25,592
   Foreign-owned IBFs                 -17,998      25,849     -33,771

  (Credits +; decrease in U.S.         Not seasonally adjusted
  assets. Debits -; increase in
  U.S. assets.)                              2005

                                       III          IV

Claims reported by U.S. banks
   and securities brokers,
   total (table 1, line 54)          -102,716      10,368
  Claims for own accounts             -79,361      37,547
   Denominated in dollars             -86,814      31,113
     By instrument: (2)
       Resale agreements                 -472      56,573
       Negotiable
         certificates of
         deposit                          697       1,167
       Other short-term
         instruments
         (including money
         market instruments)           -1,785       1,757
       Deposits and brokerage
         balances                       8,627        -641
       Other claims
         (including loans)            -93,881     -27,743
     By foreign borrower:
       Claims on:
         Foreign banks                -90,603      -6,169
         Foreign nonbanks,
           excluding foreign
           official
           institutions                 4,303      26,951
         Foreign official
           institutions (3)              -514      10,331
     By type of U.S.
         reporting
         institution: (4)
       U.S: owned banks'
         claims on:
           Foreign banks                 -141     -18,187
         Foreign nonbanks and
           foreign official
           institutions                -6,052         532
       Foreign-owned banks'
           claims on:
         Foreign banks                -82,537      -3,872
         Foreign nonbanks and
           foreign official
           institutions                 3,792      -6,453
       Brokers' and dealers'
           claims on:
         Foreign banks                 -7,925      15,890
         Foreign nonbanks and
           foreign official
           institutions                 6,049      43,203
   Denominated in foreign
       currencies                       7,453       6,434
     By instrument: (2)
       Deposits and brokerage
         balances                       4,102      -1,828
       Other claims
         (including loans)              3,351       8,262
  Claims for customers' accounts      -23,355     -27,179
   Denominated in dollars             -24,818     -16,715
     By instrument: (2)
       Commercial papers (5)            1,270       2,106
       Negotiable
         certificates of
         deposit                       -8,282      -1,359
       Other short-term
         instruments market
         instruments) (6)              -1,649     -12,344
       Deposits and brokerage
         balances (including
         sweep accounts) (7)          -14,071      -3,386
       Other claims                    -2,086      -1,732
   Denominated in foreign
       currencies                       1,463     -10,464
     By instrument: (2)
       Deposits and brokerage
         balances                          27         415
       Other claims                     1,436      10,879
Claims, total (line 1), by area:
  Europe                              -94,836      29,139
   Of which:
     United Kingdom                   -40,784      -3,449
     Switzerland                      -51,853      23,628
  Canada                               -7,989     -10,813
  Caribbean financial
   centers (8)                         11,268      16,889
  Latin America, excluding
   Caribbean financial centers          2,976      -3,201
  Asia                                -11,579     -19,483
   Of which: Japan                      3,632     -20,264
  Africa                                  241        -293
  Other                                -2,797      -1,870

Memoranda:
International banking facilities
   (IBFs) own claims,
   denominated in dollars (in
   lines 1-15 above)                  -45,248      -7,138
  By bank ownership: (4)
   U.S.-owned IBFs                     15,616      -3,106
   Foreign-owned IBFs                 -60,864      -4,032

  (Credits +; decrease in U.S.       Not
  assets. Debits -; increase in      seasonally
  U.S. assets.)                      adjusted

                                                 Amounts
                                       2006      Outstanding
                                                 March 31,
                                      I (p)        2006
Claims reported by U.S. banks
   and securities brokers,
   total (table 1, line 54)          -183,637    2,636,939
  Claims for own accounts            -147,211    2,058,561
   Denominated in dollars            -135,594    1,952,057
     By instrument: (2)
       Resale agreements              -39,903      510,998
       Negotiable
         certificates of
         deposit                          125        2,679
       Other short-term
         instruments
         (including money
         market instruments)           -2,513        9,768
       Deposits and brokerage
         balances                     -80,250      820,327
       Other claims
         (including loans)            -13,053      608,285
     By foreign borrower:
       Claims on:
         Foreign banks               -103,182    1,483,754
         Foreign nonbanks,
           excluding foreign
           official
           institutions               -31,051      388,660
         Foreign official
           institutions (3)            -1,361       79,643
     By type of U.S.
         reporting
         institution: (4)
       U.S: owned banks'
         claims on:
           Foreign banks              -32,396      437,135
         Foreign nonbanks and
           foreign official
           institutions                -7,863       61,965
       Foreign-owned banks'
           claims on:
         Foreign banks                -45,923      887,920
         Foreign nonbanks and
           foreign official
           institutions                -4,845       80,601
       Brokers' and dealers'
           claims on:
         Foreign banks                -24,863      158,699
         Foreign nonbanks and
           foreign official
           institutions               -19,704      325,737
   Denominated in foreign
       currencies                     -11,617      106,504
     By instrument: (2)
       Deposits and brokerage
         balances                      -4,647       49,355
       Other claims
         (including loans)             -6,970       57,149
  Claims for customers' accounts      -36,426      578,378
   Denominated in dollars             -26,832      513,039
     By instrument: (2)
       Commercial papers (5)          -10,273      125,714
       Negotiable
         certificates of
         deposit                       -2,550      114,941
       Other short-term
         instruments market
         instruments) (6)              -4,189       46,129
       Deposits and brokerage
         balances (including
         sweep accounts) (7)           -8,621      205,479
       Other claims                    -1,199       20,776
   Denominated in foreign
       currencies                      -9,594       65,339
     By instrument: (2)
       Deposits and brokerage
         balances                      -2,698       24,015
       Other claims                    -6,896       41,324
Claims, total (line 1), by area:
  Europe                             -128,302    1,350,618
   Of which:
     United Kingdom                   -73,600      718,590
     Switzerland                      -19,878      175,575
  Canada                                  742      101,193
  Caribbean financial
   centers (8)                        -64,063      911,294
  Latin America, excluding
   Caribbean financial centers         -1,151       53,300
  Asia                                  9,151      185,654
   Of which: Japan                     -2,851      112,144
  Africa                                  -99        1,403
  Other                                    85       33,477

Memoranda:
International banking facilities
   (IBFs) own claims,
   denominated in dollars (in
   lines 1-15 above)                  -40,223      488,254
  By bank ownership: (4)
   U.S.-owned IBFs                    -13,481       70,368
   Foreign-owned IBFs                 -26,742      417,886

(p) Preliminary. (r) Revised. * Less than
$500,000 (+/-). (D) Suppressed to avoid disclosure of data of
individual companies. Quarterly estimates are not annualized and are
expressed at quarterly rates.

(1.) Beginning with 2003, includes securities brokers' claims on their
foreign affiliates.

(2.) Complete instrument detail is only available beginning with 2003.

(3.) Includes foreign official agencies and international and regional
organizations. Prior to 2003, also includes government-owned
corporations and state, provincial, and local governments and their
agencies.

(4.) U.S.-owned banks include U.S.-chartered banks, Edge Act
subsidiaries, and U.S. bank holding companies. Foreign-owned banks
include U.S. branches and agencies of foreign banks and majority-owned
bank subsidiaries in the United States. Brokers and dealers may be
U.S.-owned or foreign-owned.

(5.) Commercial paper issued in the U.S. market by foreign incorporated
entities and held in U.S. customers' accounts. Excludes commercial
paper issued through foreign direct investment affiliates in the United
States.

(6.) Prior to 2003, includes negotiable certificates of deposit and
other negotiable and transferable instruments.

(7.) Prior to 2003, includes only deposits.

(8.) Bahamas, Bermuda, British West Indies (Cayman Islands), and
Netherlands Antilles.

Table 10a. Liabilities to Foreigners, except Foreign Official
Agencies, Reported by U.S. Banks and Securities Brokers 1

                                    [Millions of dollars]

     Credits +; increase in U.S.       2003         2004         2005
Li-  liabilities. Debits -;
ne   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)                      97,620      356,256     163,977
 2   U.S. Treasury bills and
       certificates (table 1, part
       of line 65)                         413       19,516     -15,872
 3   Other U.S. liabilities, total
       (table 1, line 69)               97,207      336,740     179,849
 4     Liabilities for own
           accounts                    108,742      319,035     172,860
 5       Denominated in dollars        137,330      303,151     175,548
           By instrument: (2)
 6           Repurchase
               agreements              131,176      156,937      32,153
 7           Deposits and
               brokerage balances       37,610       89,375      67,674
 8           Other liabilities
               (including loans)       -31,456       56,839      75,521
           By foreign holder:
             Liabilities to:
 9             Foreign banks            27,029      118,801     211,923
10             Foreign nonbanks,
                 including
                 international
                 organizations         110,301      184,350     -36,375
           By type of U.S.
               reporting
               institution: (3)
             U.S.-owned banks'
                 liabilities to:
11             Foreign banks           -10,062       28,594      89,116
12             Foreign nonbanks,
                 including
                 international
                 organizations          24,880       16,193       1,365
             Foreign-owned banks'
                 liabilities to:
13             Foreign banks           -50,537       89,660      70,497
14             Foreign nonbanks,
                 including
                 international
                 organizations          -9,018        1,643       1,530
             Brokers' and
                 dealers'
                 liabilities to:
15             Foreign banks            87,628          547      52,310
16             Foreign nonbanks,
                 including
                 international
                 organizations          94,439      166,514     -39,270
17       Denominated in foreign        -28,588       15,884      -2,688
             currencies
           By instrument: (2)
18           Deposits and
               brokerage balances      -18,679       13,646      11,877
19           Other liabilities
               (including loans)        -9,909        2,238     -14,565
20     Liabilities for customers'
           accounts                    -11,535       17,705       6,989
21       Denominated in dollars        -14,732       13,824        -312
           By instrument: (2)
22           Negotiable
               certificates of
               deposit and other
               short-term
               instruments              -5,740       21,776      10,936
23           Other liabilities
               (including loans)        -8,992       -7,952     -11,248
24       Denominated in foreign
           currencies                    3,197        3,881       7,301
     Other U.S. liabilities, total
         (line 3), by area:
25     Europe                            5,514      140,461     160,773
26     Canada                            3,360       -3,380       1,606
27     Caribbean financial
         centers (4)                    95,239      203,364       5,500
28     Latin America, excluding
         Caribbean financial
         centers                          -416        5,858      12,604
29     Asia                             -6,487       -3,491        -103
30     Africa                            2,841         -152         801
31     Other                            -2,844       -5,920      -1,332

   Memoranda:
 1 International banking facilities
       (IBFs) own liabilities,
       denominated in dollars (in
       lines 3-14 above)               -40,366        2,380      78,008
     By bank ownership: (3)
 2     U.S: owned IBFs                   6,567        1,892      25,569
 3     Foreign-owned IBFs              -46,933          488      52,439

  Credits +; increase in U.S.               Not seasonally adjusted
  liabilities. Debits -;
  decrease in U.S. liabilities.)                    2004

                                         I           II          III

Liabilities reported by U.S.
   banks and securities
   brokers, total (table 1,
   part of line 65 and table
   1, line 69)                         151,904       41,857      54,459
  U.S. Treasury bills and
   certificates (table 1, part
   of line 65)                           4,685        4,358       2,741
  Other U.S. liabilities, total
   (table 1, line 69)                  147,219       37,499      51,718
   Liabilities for own
       accounts                        141,767       18,779      43,014
     Denominated in dollars            139,458       16,202      38,341
       By instrument: (2)
         Repurchase
           agreements                   67,031        3,366      43,209
         Deposits and
           brokerage balances           12,021       14,604       2,704
         Other liabilities
           (including loans)            60,406       -1,768      -7,572
       By foreign holder:
         Liabilities to:
           Foreign banks                79,076          355      -3,080
           Foreign nonbanks,
             including
             international
             organizations              60,382       15,847      41,421
       By type of U.S.
           reporting
           institution: (3)
         U.S.-owned banks'
             liabilities to:
           Foreign banks                15,521       23,577     -11,993
           Foreign nonbanks,
             including
             international
             organizations              -1,942        8,511       1,385
         Foreign-owned banks'
             liabilities to:
           Foreign banks               326,721       -8,948       3,845
           Foreign nonbanks,
             including
             international
             organizations               4,469       -5,513       3,117
         Brokers' and
             dealers'
             liabilities to:
           Foreign banks                30,883      -14,274       5,068
           Foreign nonbanks,
             including
             international
             organizations              57,855       12,849      36,919
     Denominated in foreign              2,309        2,577       4,673
         currencies
       By instrument: (2)
         Deposits and
           brokerage balances            2,553       -6,768       5,306
         Other liabilities
           (including loans)              -244        9,345        -633
   Liabilities for customers'
       accounts                          5,452       18,720       8,704
     Denominated in dollars              2,703       18,582       9,979
       By instrument: (2)
         Negotiable
           certificates of
           deposit and other
           short-term
           instruments                     427        7,241       7,470
         Other liabilities
           (including loans)             2,276       11,341       2,509
     Denominated in foreign
       currencies                        2,749          138      -1,275
  Other U.S. liabilities, total
     (line 3), by area:
   Europe                               91,401       12,912      44,964
   Canada                               -4,112        1,222         128
   Caribbean financial
     centers (4)                        55,933       39,326       1,702
   Latin America, excluding
     Caribbean financial
     centers                             4,486       -2,082         300
   Asia                                  1,374      -14,260       7,555
   Africa                                  197          453        -559
   Other                                -2,060          -72      -2,372

Memoranda:
International banking facilities
   (IBFs) own liabilities,
   denominated in dollars (in
   lines 3-14 above)                    40,671      -15,697       6,092
  By bank ownership: (3)
   U.S: owned IBFs                      13,974          799      10,496
   Foreign-owned IBFs                   26,697      -16,496      -4,404

  Credits +; increase in U.S.               Not seasonally adjusted
  liabilities. Debits -;
  decrease in U.S. liabilities.)       2004                2005

                                        IV            I           II

Liabilities reported by U.S.
   banks and securities
   brokers, total (table 1,
   part of line 65 and table
   1, line 69)                         108,036      -69,561     152,741
  U.S. Treasury bills and
   certificates (table 1, part
   of line 65)                           7,732          581        -197
  Other U.S. liabilities, total
   (table 1, line 69)                  100,304      -70,142     152,938
   Liabilities for own
       accounts                        115,475      -72,866     146,874
     Denominated in dollars            109,150      -70,669     131,709
       By instrument: (2)
         Repurchase
           agreements                   43,331        4,342       1,185
         Deposits and
           brokerage balances           60,046      -59,467      94,133
         Other liabilities
           (including loans)             5,773      -15,544      36,391
       By foreign holder:
         Liabilities to:
           Foreign banks                42,450      -50,888     146,722
           Foreign nonbanks,
             including
             international
             organizations              66,700      -19,781     -15,013
       By type of U.S.
           reporting
           institution: (3)
         U.S.-owned banks'
             liabilities to:
           Foreign banks                 1,489      -29,675      71,276
           Foreign nonbanks,
             including
             international
             organizations               8,239       -2,714       5,225
         Foreign-owned banks'
             liabilities to:
           Foreign banks                62,091      -32,803      57,383
           Foreign nonbanks,
             including
             international
             organizations                -430          139         342
         Brokers' and                                 1,391
             dealers'
             liabilities to:
           Foreign banks               -21,130       11,590      18,063
           Foreign nonbanks,
             including
             international
             organizations              58,891      -17,206     -20,580
     Denominated in foreign              6,325       -2,197      15,165
         currencies
       By instrument: (2)
         Deposits and
           brokerage balances           12,555        6,994       6,804
         Other liabilities
           (including loans)            -6,230       -9,191       8,361
   Liabilities for customers'
       accounts                        -15,171        2,724       6,064
     Denominated in dollars            -17,440        1,665       2,411
       By instrument: (2)
         Negotiable
           certificates of
           deposit and other
           short-term
           instruments                   6,638        8,215         781
         Other liabilities
           (including loans)           -24,078       -6,550       1,630
     Denominated in foreign
       currencies                        2,269        1,059       3,653
  Other U.S. liabilities, total
     (line 3), by area:
   Europe                               -8,816       40,003      70,386
   Canada                                 -618        1,042        -783
   Caribbean financial
     centers (4)                       106,403      -88,750      79,800
   Latin America, excluding
     Caribbean financial
     centers                             3,154        4,279       6,303
   Asia                                  1,840      -28,815       2,143
   Africa                                 -243         -396         -18
   Other                                -1,416        2,495      -4,893

Memoranda:
International banking facilities
   (IBFs) own liabilities,
   denominated in dollars (in
   lines 3-14 above)                   -28,686      -33,543      72,943
  By bank ownership: (3)
   U.S: owned IBFs                     -23,377       -3,417      30,047
   Foreign-owned IBFs                   -5,309      -30,126      42,896

  Credits +; increase in U.S.        Not seasonally adjusted
  liabilities. Debits -;
  decrease in U.S. liabilities.)              2005

                                        III          IV

Liabilities reported by U.S.
   banks and securities
   brokers, total (table 1,
   part of line 65 and table
   1, line 69)                          79,766        1,031
  U.S. Treasury bills and
   certificates (table 1, part
   of line 65)                         -15,146       -1,110
  Other U.S. liabilities, total
   (table 1, line 69)                   94,912        2,141
   Liabilities for own
       accounts                         88,647       10,205
     Denominated in dollars             82,996       31,512
       By instrument: (2)
         Repurchase
           agreements                   37,603      -10,977
         Deposits and
           brokerage balances           44,644      -11,436
         Other liabilities
           (including loans)               749       53,925
       By foreign holder:
         Liabilities to:
           Foreign banks                50,016       66,073
           Foreign nonbanks,
             including
             international
             organizations              32,980      -34,561
       By type of U.S.
           reporting
           institution: (3)
         U.S.-owned banks'
             liabilities to:
           Foreign banks                13,252       34,263
           Foreign nonbanks,
             including
             international
             organizations               4,645       -5,791
         Foreign-owned banks'
             liabilities to:
           Foreign banks                42,096        3,821
           Foreign nonbanks,
             including
             international
             organizations                -784        1,833
         Brokers' and
             dealers'
             liabilities to:
           Foreign banks                -5,332       27,989
           Foreign nonbanks,
             including
             international
             organizations              29,119      -30,603
     Denominated in foreign              5,651      -21,307
         currencies
       By instrument: (2)
         Deposits and
           brokerage balances            5,225       -7,146
         Other liabilities
           (including loans)               426      -14,161
   Liabilities for customers'
       accounts                          6,265       -8,064
     Denominated in dollars              3,180       -7,568
       By instrument: (2)
         Negotiable
           certificates of
           deposit and other
           short-term
           instruments                    -870        2,810
         Other liabilities
           (including loans)             4,050      -10,378
     Denominated in foreign
       currencies                        3,085         -496
  Other U.S. liabilities, total
     (line 3), by area:
   Europe                               60,670      -10,286
   Canada                                6,316       -4,969
   Caribbean financial
     centers (4)                        10,052        4,398
   Latin America, excluding
     Caribbean financial
     centers                               496        1,526
   Asia                                 14,095       12,474
   Africa                                  786          429
   Other                                 2,497       -1,431


Memoranda:
International banking facilities
   (IBFs) own liabilities,
   denominated in dollars (in
   lines 3-14 above)                    44,256       -5,648
  By bank ownership: (3)
   U.S: owned IBFs                      -8,771        7,710
   Foreign-owned IBFs                   53,027      -13,358

  Credits +; increase in U.S.           Not
  liabilities. Debits -;             seasonally
  decrease in U.S. liabilities.)     adjusted
                                                   Amounts
                                       2006       Outstanding
                                                  March 31,
                                       I (p)        2006

Liabilities reported by U.S.
   banks and securities
   brokers, total (table 1,
   part of line 65 and table
   1, line 69)                       1,586,701    2,820,340
  U.S. Treasury bills and
   certificates (table 1, part
   of line 65)                           4,629       67,226
  Other U.S. liabilities, total
   (table 1, line 69)                  154,041    2,753,114
   Liabilities for own
       accounts                        143,509    2,310,012
     Denominated in dollars            135,965    2,215,213
       By instrument: (2)
         Repurchase
           agreements                  392,481      624,951
         Deposits and
           brokerage balances           59,874    1,056,207
         Other liabilities
           (including loans)            36,843      534,055
       By foreign holder:
         Liabilities to:
           Foreign banks                98,583    1,634,089
           Foreign nonbanks,
             including
             international
             organizations              37,382      581,124
       By type of U.S.
           reporting
           institution: (3)
         U.S.-owned banks'
             liabilities to:
           Foreign banks               249,461      643,157
           Foreign nonbanks,
             including
             international
             organizations               7,338      100,498
         Foreign-owned banks'
             liabilities to:
           Foreign banks                42,038      666,111
           Foreign nonbanks,
             including
             international
             organizations                 621       66,238
         Brokers' and
             dealers'
             liabilities to:
           Foreign banks                31,599      324,821
           Foreign nonbanks,
             including
             international
             organizations              29,423      414,388
     Denominated in foreign              7,544       94,799
         currencies
       By instrument: (2)
         Deposits and
           brokerage balances              502       60,769
         Other liabilities
           (including loans)             7,042       34,030
   Liabilities for customers'
       accounts                         10,532      443,102
     Denominated in dollars             10,464      428,645
       By instrument: (2)
         Negotiable
           certificates of
           deposit and other
           short-term
           instruments                   8,178      228,215
         Other liabilities
           (including loans)             2,286      200,430
     Denominated in foreign
       currencies                           68       14,457
  Other U.S. liabilities, total
     (line 3), by area:
   Europe                               83,210    1,146,870
   Canada                               -1,669       34,405
   Caribbean financial
     centers (4)                        70,514    1,282,663
   Latin America, excluding
     Caribbean financial
     centers                             8,424      105,092
   Asia                                -11,966      152,337
   Africa                                   85        9,322
   Other                                 5,443       22,425

Memoranda:
International banking facilities
   (IBFs) own liabilities,
   denominated in dollars (in
   lines 3-14 above)                     5,352      452,936
  By bank ownership: (3)
   U.S: owned IBFs                      11,372      113,984
   Foreign-owned IBFs                   -6,020      338,952

(p) Preliminary. (r) Revised. * Less than
$500,000 (+/-). (D) Suppressed to avoid disclosure of data of
individual companies. Quarterly estimates are not annualized and are
expressed at quarterly rates.

(1.) Beginning with 2003, includes securities brokers' liabilities to
their foreign affiliates.

(2.) Complete instrument detail is only available beginning with 2003.

(3.) U.S.-owned banks include U.S.-chartered banks, Edge Act
subsidiaries, and U.S. bank holding companies. Foreign-owned banks
include U.S. branches and agencies of foreign banks and majority-owned
bank subsidiaries in the United States. Brokers and dealers may be
U.S.-owned or foreign-owned.

(4.) Bahamas, Bermuda, British West Indies (Cayman Islands), and
Netherlands Antilles.

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

                                                  Europe

Line     (Credits +, debits -) (1)           2005         2005: IV

             Current account

 1 Exports of goods and services
       and income receipts                  568,716        151,556
 2   Exports of goods and
         services                           356,721         93,115
 3     Goods, balance of payments
           basis (2)                        207,891         54,271
 4     Services (3)                         148,830         38,844
 5       Transfers under U.S.
           military agency sales
           contracts (4)                      3,016            653
 6       Travel                              27,220          6,296
 7       Passenger fares                      7,166          1,755
 8       Other transportation                15,513          4,203
 9       Royalties and license
           fees (5)                          27,355          7,720
10       Other private
           services (5)                      68,264         18,150
11       U.S. Government mis-
           cellaneous services                  295             66
12   Income receipts                        211,995         58,441
13     Income receipts on U.S.
           owned assets abroad              211,611         58,345
14       Direct investment
           receipts                         106,753         28,429
15       Other private receipts             103,730         29,655
16       U.S. Government
           receipts                           1,128            261
17     Compensation of employees                384             96
18 Imports of goods and services and
       income payments                     -718,919       -191,668
19   Imports of goods and services         -490,902       -127,946
20     Goods, balance of payments
           basis (7)                       -354,269        -93,479
21     Services (3)                        -136,633        -34,467
22       Direct defense
           expenditures                     -11,592         -2,960
23       Travel                             -23,273         -4,627
24       Passenger fares                    -13,310         -2,912
25       Other transportation               -23,783         -6,170
26       Royalties and license
           fees (5)                         -13,731         -4,012
27       Other private
           services (5)                     -49,047        -13,313
28       U.S. Government mis-
           cellaneous services               -1,897           -473
29   Income payments                       -228,016        -63,722
30     Income payments on foreign-
           owned assets in the
           United States                   -227,481        -63,570
31       Direct investment payments         -78,495        -21,240
32       Other private payments            -123,696        -35,486
33       U.S. Government payments           -25,290         -6,844
34     Compensation of employees               -535           -152
35 Unilateral current transfers, net         -8,867         -4,665
36   U.S. Government grants (4)              -2,545           -492
37   U.S. Government pensions and
       other transfers                       -1,837           -489
38   Private remittances and other
       transfers (6)                          4,485         -3,684

     Capital and financial account

             Capital account

39 Capital account transactions, net           -810           -202

             Financial account

40 U.S.-owned assets abroad, net
       (increase/financial
       outflow (-))                        -177,698         65,483
41   U.S. official reserve
         assets, net                           -606           -164
42     Gold (7)                                 ...            ...
43     Special drawing rights                   ...            ...
44     Reserve position in the
         International Monetary
         Fund                                   ...            ...
45     Foreign currencies                      -606           -164
46   U.S. Government assets, other
         than official reserve
         assets, net                          2,635            186
47     U.S. credits and other
         long-term assets                      -334           -118
48     Repayments on U.S. credits
         and other long-term
         assets (8)                           2,944            309
49     U.S. foreign currency
         holdings and U.S. short-
         term assets, net                        25             -5
50   U.S. private assets, net              -179,727         65,461
51     Direct investment                     37,488         40,923
52     Foreign securities                   -85,206        -12,954
53     U.S. claims on unaffiliated
         foreigners reported by
         U.S. nonbanking concerns           -16,980          8,353
54     U.S. claims reported by U.S.
         banks, not included
         elsewhere                         -115,029         29,139
55 Foreign-owned assets in the United
       States, net (increase/
       financial inflow(+))                 558,246         68,539
56   Foreign official assets in the
         United States, net                  24,478         14,117
57     U.S. Government securities              (17)           (17)
58       U.S. Treasury secu-
           rities (9)                          (17)           (17)
59       Other (10)                            (17)           (17)
60     Other U.S. Government
         liabilities (11)                       228            219
61     U.S. liabilities reported
         by U.S. banks, not in-
         cluded elsewhere                      (17)           (17)
62     Other foreign official
         assests (12)                          (17)           (17)
63   Other foreign assets in the
         United States, net                 533,768         54,422
64     Direct investment                     66,063         14,355
65     U.S. Treasury securities              61,490         33,107
66     U.S. securities other than
         U.S. Treasury securities           232,281         64,644
67     U.S. currency                            ...            ...
68     U.S. liabilities to un-
         affiliated foreigners
         reported by U.S.
         nonbanking concerns                 13,161        -47,398
69     U.S. liabilities reported
         by U.S. banks, not in-
         cluded elsewhere                   160,773        -10,286
70 Statistical discrepancy (sum of
     above items with sign
     reversed) (19)                        -220,668        -89,042

   Memoranda
71 Balance on goods (lines 3 and 20)       -146,378        -39,208
72 Balance on services (lines 4 and 21)      12,196          4,377
73 Balance on goods and services
     (lines 2 and 19)                      -134,182        -34,832
74 Balance on income (lines 12
     and 29)                                -16,021         -5,281
75 Unilateral current transfers,
     net (line 35)                           -8,867         -4,665
76 Balance on current account
     (lines 1, 18, and 35 or lines
     73, 74, and 75) (13)                  -159,070        -44,778

                                            Europe         European
                                                          Union (14)

  (Credits +, debits -) (1)                 2006:I (p)      2005

         Current account

Exports of goods and services
   and income receipts                      158,039        495,722
  Exports of goods and
     services                                95,047        313,377
   Goods, balance of payments
       basis (2)                             56,798        183,466
   Services (3)                              38,249        129,911
     Transfers under U.S.
       military agency sales
       contracts (4)                            921          1,852
     Travel                                   5,940         25,163
     Passenger fares                          1,667          6,526
     Other transportation                     4,247         13,854
     Royalties and license
       fees (5)                               7,103         22,818
     Other private
       services (5)                          18,306         59,475
     U.S. Government mis-
       cellaneous services                       65            222
  Income receipts                            62,992        182,345
   Income receipts on U.S.
       owned assets abroad                   62,902        182,038
     Direct investment
       receipts                              29,427         89,488
     Other private receipts                  33,147         91,756
     U.S. Government
       receipts                                 328            794
   Compensation of employees                     90            307
Imports of goods and services and
   income payments                         -190,936       -633,426
  Imports of goods and services            -122,979       -425,607
   Goods, balance of payments
       basis (7)                            -90,294       -307,909
   Services (3)                             -32,685       -117,698
     Direct defense
       expenditures                          -2,953        -10,327
     Travel                                  -3,924        -21,264
     Passenger fares                        -2,881         -12,445
     Other transportation                    -5,829        -20,656
     Royalties and license
       fees (5)                              -3,261        -10,318
     Other private
       services (5)                         -13,363        -41,216
     U.S. Government mis-
       cellaneous services                     -474         -1,472
  Income payments                           -67,957       -207,818
   Income payments on foreign-
       owned assets in the
       United States                        -67,795       -207,390
     Direct investment payments             -20,545        -76,219
     Other private payments                 -40,063       -109,947
     U.S. Government payments                -7,187        -21,224
   Compensation of employees                   -162            428
Unilateral current transfers, net            -3,694         -3,831
  U.S. Government grants (4)                   -651            -61
  U.S. Government pensions and
   other transfers                             -430         -1,540
  Private remittances and other
   transfers (6)                             -2,613         -2,230

  Capital and financial account

         Capital account

Capital account transactions, net              -291           -463

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                            -224,810       -137,198
  U.S. official reserve
     assets, net                               -141           -504
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                          -141           -504
  U.S. Government assets, other
     than official reserve
     assets, net                                307          1,231
   U.S. credits and other
     long-term assets                           -78           -244
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 389          1,451
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -4             24
  U.S. private assets, net                 -224,976       -137,925
   Direct investment                        -31,509         28,553
   Foreign securities                       -20,354        -68,597
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns               -44,811       -153,561
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                             -128,302        -82,525
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                     302,219        455,112
  Foreign official assets in the
     United States, net                      21,637           (18)
   U.S. Government securities                  (17)           (18)
     U.S. Treasury secu-
       rities (9)                              (17)           (18)
     Other (10)                                (17)           (18)
   Other U.S. Government
     liabilities (11)                          -174            195
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (17)           (18)
   Other foreign official
     assests (12)                              (17)           (18)
  Other foreign assets in the
     United States, net                     280,582           (18)
   Direct investment                         17,162         65,033
   U.S. Treasury securities                   4,871           (18)
   U.S. securities other than
     U.S. Treasury securities               101,892        219,643
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                     73,447         11,626
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                        83,210   (18) 158,613
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -40,527       -175,916

Memoranda
Balance on goods (lines 3 and 20)           -33,496       -124,443
Balance on services (lines 4 and 21)          5,564         12,212
Balance on goods and services
  (lines 2 and 19)                          -27,932       -112,231
Balance on income (lines 12
  and 29)                                    -4,965        -25,473
Unilateral current transfers,
  net (line 35)                              -3,694         -3,831
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -36,591       -141,535

                                              European Union (14)

  (Credits +, debits -) (1)                2005: IV       2006:I (p)

         Current account

Exports of goods and services
   and income receipts                      131,863        136,436
  Exports of goods and
     services                                81,648         82,517
   Goods, balance of payments
       basis (2)                             48,026         49,644
   Services (3)                              33,622         32,873
     Transfers under U.S.
       military agency sales
       contracts (4)                            379            643
     Travel                                   5,821          5,475
     Passenger fares                          1,600          1,502
     Other transportation                     3,744          3,787
     Royalties and license
       fees (5)                               6,271          5,659
     Other private
       services (5)                          15,759         15,761
     U.S. Government mis-
       cellaneous services                       47             46
  Income receipts                            50,215         53,919
   Income receipts on U.S.
       owned assets abroad                   50,139         53,840
     Direct investment
       receipts                              23.796         24,080
     Other private receipts                  26,116         29,564
     U.S. Government
       receipts                                 227            196
   Compensation of employees                     76             79
Imports of goods and services and
   income payments                         -168,809       -168,623
  Imports of goods and services            -111,157       -106,273
   Goods, balance of payments
       basis (7)                            -81,764        -78,550
   Services (3)                             -29,393        -27,723
     Direct defense
       expenditures                          -2,627         -2,635
     Travel                                   -4249         -3,656
     Passenger fares                         -2,737         -2,684
     Other transportation                    -5,344         -5,047
     Royalties and license
       fees (5)                              -3,085         -2,299
     Other private
       services (5)                         -10,981        -11,031
     U.S. Government mis-
       cellaneous services                     -370           -371
  Income payments                           -57,652        -62,350
   Income payments on foreign-
       owned assets in the
       United States                        -57,534        -62,222
     Direct investment payments             -20,484       -207,921
     Other private payments                 -31,271        -35,446
     U.S. Government payments                -5,779         -5,984
   Compensation of employees                   -118           -128
Unilateral current transfers, net            -2,704         -2,490
  U.S. Government grants (4)                    -15            -27
  U.S. Government pensions and
   other transfers                             -395           -400
  Private remittances and other
   transfers (6)                             -2,294         -2,063

  Capital and financial account

         Capital account

Capital account transactions, net              -116           -119

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              21,507       -192,061
  U.S. official reserve
     assets, net                               -140           -116
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                          -140           -116
  U.S. Government assets, other
     than official reserve
     assets, net                                 84             96
   U.S. credits and other
     long-term assets                          -108            -59
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 196            158
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -4             -3
  U.S. private assets, net                   21,563       -192,041
   Direct investment                         25,131        -27,456
   Foreign securities                       -11,303        -20,964
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 7,853        -45,393
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                 -118        -98,228
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      50,538        296,087
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           152           -147
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                         14,123         28,631
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                58,831         94,193
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                    -47,646         77,200
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 25,078    (18) 96,210
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -32,278        -69,230

Memoranda
Balance on goods (lines 3 and 20)           -33,738        -28,906
Balance on services (lines 4 and 21)          4,229          5,150
Balance on goods and services
  (lines 2 and 19)                          -29,510        -23,756
Balance on income (lines 12
  and 29)                                    -7,437         -8,431
Unilateral current transfers,
  net (line 35)                              -2,704         -2,490
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -39,651       -346,771

                                                Euro area

  (Credits +, debits -) (1)                 2005           2005: IV

         Current account

Exports of goods and services
   and income receipts                      317,109         83,459
  Exports of goods and
     services                               209,257         54,903
   Goods, balance of payments
       basis (2)                            135,712         36,039
   Services (3)                              73,545         18,864
     Transfers under U.S.
       military agency sales
       contracts (4)                          1,196            260
     Travel                                  12,605          2,815
     Passenger fares                          3,687            848
     Other transportation                     8,065          2,163
     Royalties and license
       fees (5)                              15,857          4,221
     Other private
       services (5)                          31,986          8,528
     U.S. Government mis-
       cellaneous services                      149             29
  Income receipts                           107,852         26,556
   Income receipts on U.S.
       owned assets abroad                  107,673         28,512
     Direct investment
       receipts                              65,148         16,807
     Other private receipts                  41,840         11,536
     U.S. Government
       receipts                                 685            169
   Compensation of employees                    179             44
Imports of goods and services and
   income payments                         -411,368       -109,161
  Imports of goods and services            -299,631        -78,111
   Goods, balance of payments
       basis (7)                           -228,524        -60,375
   Services (3)                             -71,107        -17,736
     Direct defense
       expenditures                          -8,419         -2,005
     Travel                                 -13,040         -2,531
     Passenger fares                         -7,306         -1,610
     Other transportation                   -11,961         -3,115
     Royalties and license
       fees (5)                              -7,618         -2,384
     Other private
       services (5)                         -21,553         -5,798
     U.S. Government mis-
       cellaneous services                   -1,210           -293
  Income payments                          -111,737        -31,050
   Income payments on foreign-
       owned assets in the
       United States                       -111,422        -30,965
     Direct investment payments             -41,464        -11,882
     Other private payments                 -55,374        -15,242
     U.S. Government payments               -14,584         -3,841
   Compensation of employees                   -315            -65
Unilateral current transfers, net            -7,280         -1,750
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                           -1,103           -284
  Private remittances and other
   transfers (6)                             -6,177         -1,466

  Capital and financial account

         Capital account

Capital account transactions, net              -316            -79

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -19,526         29,162
  U.S. official reserve
     assets, net                               -504           -140
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                          -504           -140
  U.S. Government assets, other
     than official reserve
     assets, net                                152              6
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 142              7
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            10             -1
  U.S. private assets, net                  -19,174         29,296
   Direct investment                         41,543         16,808
   Foreign securities                        -3,904         -6,872
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns               -14,006         16,457
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              -42,807          2,903
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                     148,166         19,191
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           481            123
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                         31,564          7,255
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                61,303         19,996
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                     27,563          3,603
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 27,255   (18) -11,786
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -26,785        -20,822

Memoranda
Balance on goods (lines 3 and 20)           -92,812        -24,336
Balance on services (lines 4 and 21)          2,438          1,128
Balance on goods and services
  (lines 2 and 19)                          -90,374        -23,208
Balance on income (lines 12
  and 29)                                    -3,885         -2,494
Unilateral current transfers,
  net (line 35)                              -7,280         -1,750
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                     -101,539        -27,452

                                             Euro area      Belgium

  (Credits +, debits -) (1)                   2006:I (p)     2005

         Current account

Exports of goods and services
   and income receipts                       85,176         26,963
  Exports of goods and
     services                                55,085         21,742
   Goods, balance of payments
       basis (2)                             36,418         18,563
   Services (3)                              18,667          3,179
     Transfers under U.S.
       military agency sales
       contracts (4)                            435             49
     Travel                                   2,604            504
     Passenger fares                            804            319
     Other transportation                     2,183            517
     Royalties and license
       fees (5)                               3,942            665
     Other private
       services (5)                           8,670          1,123
     U.S. Government mis-
       cellaneous services                       29              2
  Income receipts                            30,091          5,221
   Income receipts on U.S.
       owned assets abroad                   30,047          5,209
     Direct investment
       receipts                              17,017          3,113
     Other private receipts                  12,857          2,096
     U.S. Government
       receipts                                 173            ...
   Compensation of employees                     44             12
Imports of goods and services and
   income payments                         -106,479        -31,966
  Imports of goods and services             -75,186        -15,528
   Goods, balance of payments
       basis (7)                            -58,914        -13,018
   Services (3)                             -16,272         -2,510
     Direct defense
       expenditures                          -2,076           -167
     Travel                                  -1,971           -241
     Passenger fares                         -1,556            -26
     Other transportation                    -2,883           -636
     Royalties and license
       fees (5)                              -1,692           -113
     Other private
       services (5)                          -5,800         -1,222
     U.S. Government mis-
       cellaneous services                     -294           -105
  Income payments                           -31,293        -16,438
   Income payments on foreign-
       owned assets in the
       United States                        -31,200        -16,430
     Direct investment payments             -10,524           -435
     Other private payments                 -16,768        -12,947
     U.S. Government payments                -3,908         -3,048
   Compensation of employees                    -93             -8
Unilateral current transfers, net            -1,265           -137
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                             -280            -20
  Private remittances and other
   transfers (6)                               -985           -117

  Capital and financial account

         Capital account

Capital account transactions, net               -80            -22

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -52,314        -10,566
  U.S. official reserve
     assets, net                               -116            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                          -116            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                 64              1
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  64            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...              1
  U.S. private assets, net                  -52,262        -10,567
   Direct investment                        -20,703         -6,957
   Foreign securities                           176          1,321
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                -8,548         -2,240
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              -23,187         -2,691
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      60,669         14,758
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                          120               1
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                         21,047         -1,979
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                21,962           -174
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                     -2,486         12,853
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 20,026     (18) 4,057
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             14,293            970

Memoranda
Balance on goods (lines 3 and 20)           -22,496          5,545
Balance on services (lines 4 and 21)          2,395            669
Balance on goods and services
  (lines 2 and 19)                          -20,101          6,214
Balance on income (lines 12
  and 29)                                    -1,202        -11,217
Unilateral current transfers,
  net (line 35)                              -1,265           -137
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -22,568           -137

                                                   Belgium

  (Credits +, debits -) (1)                 2005: IV       2006:I (p)

         Current account

Exports of goods and services
   and income receipts                        6,741          7,099
  Exports of goods and
     services                                 5,512          5,539
   Goods, balance of payments
       basis (2)                              4,711          4,741
   Services (3)                                 801            798
     Transfers under U.S.
       military agency sales
       contracts (4)                             16             10
     Travel                                     111            118
     Passenger fares                             72             82
     Other transportation                       133            133
     Royalties and license
       fees (5)                                 177            173
     Other private
       services (5)                             292            282
     U.S. Government mis-
       cellaneous services                      (*)            (*)
  Income receipts                             1,229          1,560
   Income receipts on U.S.
       owned assets abroad                    1,226          1,555
     Direct investment
       receipts                                 566            855
     Other private receipts                     660            700
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                      3              5
Imports of goods and services and
   income payments                           -8,477         -9,063
  Imports of goods and services              -4,124         -4,345
   Goods, balance of payments
       basis (7)                             -3,502         -3,689
   Services (3)                                -622           -656
     Direct defense
       expenditures                             -25            -29
     Travel                                     -48            -58
     Passenger fares                             -5             -6
     Other transportation                      -158           -159
     Royalties and license
       fees (5)                                 -33            -32
     Other private
       services (5)                            -328           -349
     U.S. Government mis-
       cellaneous services                      -25            -23
  Income payments                            -4,353         -4,718
   Income payments on foreign-
       owned assets in the
       United States                         -4,351         -4,716
     Direct investment payments                -110           -188
     Other private payments                  -3,458         -3,727
     U.S. Government payments                  -783           -801
   Compensation of employees                     -2             -2
Unilateral current transfers, net               -20            -27
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                               -5             -5
  Private remittances and other
   transfers (6)                                -15            -22

  Capital and financial account

         Capital account

Capital account transactions, net                -6             -6

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              12,099         -9,580
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...            ...
  U.S. private assets, net                   12,099         -9,560
   Direct investment                         -2,897         -1,670
   Foreign securities                           253            117
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                11,246           -470
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                3,497         -7,557
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                       2,692          2,914
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            -4            -7
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                           -223            289
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   853             12
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                      2,426             99
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                     (18) -360     (18) 2,521
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -13,029          8,663

Memoranda
Balance on goods (lines 3 and 20)             1,209          1,052
Balance on services (lines 4 and 21)            179            142
Balance on goods and services
  (lines 2 and 19)                            1,388          1,194
Balance on income (lines 12
  and 29)                                    -3,124         -3,158
Unilateral current transfers,
  net (line 35)                                 -20            -27
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -1,756         -1,991

                                                  France

  (Credits +, debits -) (1)                   2005       2005: IV

         Current account

Exports of goods and services
   and income receipts                       50,638         13,371
  Exports of goods and
     services                                35,488          9,318
   Goods, balance of payments
       basis (2)                             22,255          5,913
   Services (3)                              13,233          3,405
     Transfers under U.S.
       military agency sales
       contracts (4)                             92             12
     Travel                                   2,371            493
     Passenger fares                            727            156
     Other transportation                     1,437            380
     Royalties and license
       fees (5)                               2,467            671
     Other private
       services (5)                           6,095          1,685
     U.S. Government mis-
       cellaneous services                       44              8
  Income receipts                            15,150          4,053
   Income receipts on U.S.
       owned assets abroad                   15,110          4,044
     Direct investment
       receipts                               4,603          1,087
     Other private receipts                  10,507          2,957
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                     40              9
Imports of goods and services and
   income payments                          -63,895        -17,643
  Imports of goods and services             -46,705        -12,090
   Goods, balance of payments
       basis (7)                            -33,767         -8,831
   Services (3)                             -12,938         -3,259
     Direct defense
       expenditures                            -113            -26
     Travel                                  -2,937           -535
     Passenger fares                         -1,641           -374
     Other transportation                    -1,900           -517
     Royalties and license
       fees (5)                              -2,307           -691
     Other private
       services (5)                          -3,722         -1,042
     U.S. Government mis-
       cellaneous services                     -318            -74
  Income payments                           -17,190         -5,553
   Income payments on foreign-
       owned assets in the
       United States                        -17,096         -5,528
     Direct investment payments             -11,413         -3,880
     Other private payments                  -4,637         -1,330
     U.S. Government payments                -1,046           -318
   Compensation of employees                    -94            -25
Unilateral current transfers, net              -224          -1421
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                              -95            -31
  Private remittances and other
   transfers (6)                               -129           -111

  Capital and financial account

         Capital account

Capital account transactions, net               -36             -9

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -27,378            -55
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                        ...           ...
   Foreign currencies                            ...           ...
  U.S. Government assets, other
     than official reserve
     assets, net                                  4            ...
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                             4            ...
  U.S. private assets, net                  -27,382            -55
   Direct investment                           -859            367
   Foreign securities                        -5,393         -2,636
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns               -13,643         -1,942
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               -7,487          4,156
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      22,245           -287
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            39             -1
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                         4.446             70
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                21,841          6,151
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                     -6,022           -975
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 1,941    (18) -5,532
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             18,650          4,765

Memoranda
Balance on goods (lines 3 and 20)           -11,512         -2,918
Balance on services (lines 4 and 21)            295            146
Balance on goods and services
  (lines 2 and 19)                          -11,217         -2,772
Balance on income (lines 12
  and 29)                                    -2,040         -1,500
Unilateral current transfers,
  net (line 35)                                -224           -142
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -13,481         -4,414

                                                   France

  (Credits +, debits -) (1)                2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                       14,309         70,785
  Exports of goods and
     services                                 9,652         53,878
   Goods, balance of payments
       basis (2)                              6,226         33,584
   Services (3)                               3,426         20,294
     Transfers under U.S.
       military agency sales
       contracts (4)                             39            202
     Travel                                     467          3,810
     Passenger fares                            191          1,076
     Other transportation                       368          2,939
     Royalties and license
       fees (5)                                 603          3,463
     Other private
       services (5)                           1,750          8,752
     U.S. Government mis-
       cellaneous services                        8             52
  Income receipts                             4,657         16,907
   Income receipts on U.S.
       owned assets abroad                    4,646         16,845
     Direct investment
       receipts                               1,368          6,760
     Other private receipts                   3,278          9,480
     U.S. Government
       receipts                                 ...            605
   Compensation of employees                     11             62
Imports of goods and services and
   income payments                          -16,473       -128,781
  Imports of goods and services             -11,988       -110,141
   Goods, balance of payments
       basis (7)                             -9,020        -84,588
   Services (3)                              -2,968        -25,553
     Direct defense
       expenditures                            -241         -6,458
     Travel                                    -500         -2,591
     Passenger fares                          -3361         -2,424
     Other transportation                      -426         -4,492
     Royalties and license
       fees (5)                                -566         -2,476
     Other private
       services (5)                          -1,040         -6,677
     U.S. Government mis-
       cellaneous services                      -76           -435
  Income payments                            -4,485        -18,640
   Income payments on foreign-
       owned assets in the
       United States                         -4,459        -18,551
     Direct investment payments              -2,586         -7,884
     Other private payments                  -1,542         -8,137
     U.S. Government payments                  -331         -2,530
   Compensation of employees                    -26            -89
Unilateral current transfers, net               -93           -895
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                              -22           -395
  Private remittances and other
   transfers (6)                                -71           -500

  Capital and financial account

         Capital account

Capital account transactions, net                -9            -40

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -13,521            274
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...              3
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...              3
  U.S. private assets, net                  -13,521            271
   Direct investment                         -1,369         -7,141
   Foreign securities                         1,867            153
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                  -299         13,962
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              -13,720         -6,703
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      12,509         36,943
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            -7            -11
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            439         16,166
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 7,463         88,231
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                     -7,610          2,563
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 12,304     (18) 9,402
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              3,198         21,714

Memoranda
Balance on goods (lines 3 and 20)            -2,794        -51,004
Balance on services (lines 4 and 21)            458         -5,259
Balance on goods and services
  (lines 2 and 19)                           -2,336        -56,263
Balance on income (lines 12
  and 29)                                       172         -1,733
Unilateral current transfers,
  net (line 35)                                 -93           -895
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -2,257        -58,891

                                                  Germany

  (Credits +, debits -) (1)                  2005: IV       2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       18,115         18,576
  Exports of goods and
     services                                13,996         14,441
   Goods, balance of payments
       basis (2)                              8,847          9,387
   Services (3)                              51,491          5,054
     Transfers under U.S.
       military agency sales
       contracts (4)                             23             47
     Travel                                     833            801
     Passenger fares                            269            280
     Other transportation                       804            844
     Royalties and license
       fees (5)                                 980            866
     Other private
       services (5)                           2,230          2,206
     U.S. Government mis-
       cellaneous services                       10            109
  Income receipts                             4,119          4,135
   Income receipts on U.S.
       owned assets abroad                    4,104          4,120
     Direct investment
       receipts                               1,413          1,359
     Other private receipts                   2,527          2,620
     U.S. Government
       receipts                                 164            141
   Compensation of employees                     15             15
Imports of goods and services and
   income payments                          -34,340        -32,974
  Imports of goods and services             -29,091        -27,814
   Goods, balance of payments
       basis (7)                           -225,341        -21,627
   Services (3)                              -6,557         -6,187
     Direct defense
       expenditures                          -1,605         -1,650
     Travel                                    -536           -452
     Passenger fares                           -513           -432
     Other transportation                    -1,168         -1,128
     Royalties and license
       fees (5)                                -826           -552
     Other private
       services (5)                          -1,798         -1,862
     U.S. Government mis-
       cellaneous services                     -111           -111
  Income payments                            -5,249         -5,160
   Income payments on foreign-
       owned assets in the
       United States                         -5,225         -5,135
     Direct investment payments             -22,681         -1,992
     Other private payments                  -2,264         -2,429
     U.S. Government payments                  -693           -714
   Compensation of employees                    -24            -25
Unilateral current transfers, net            -1,067           -776
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                             -100           -101
  Private remittances and other
   transfers (6)                               -967           -675

  Capital and financial account

         Capital account

Capital account transactions, net               -10            -10

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              16,175         -2,837
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                  1              1
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                             1              1
  U.S. private assets, net                   16,174         -2,838
   Direct investment                          1,028         -1,027
   Foreign securities                          -151          1,250
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 9,489           -224
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                5,808         -2,837
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                       3,655          8,304
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            22             -7
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                          6,184           /18/
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 3,621          6,415
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                      4,463         -1,173
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                  (18) -10,635     (18) 3,069
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             -2,528          9,717

Memoranda
Balance on goods (lines 3 and 20)           -13,687        -12,240
Balance on services (lines 4 and 21)        -14,081         -1,133
Balance on goods and services
  (lines 2 and 19)                          -15,095        -13,373
Balance on income (lines 12
  and 29)                                    -1,130         -1,025
Unilateral current transfers,
  net (line 35)                             -1,067           -776
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                     -17,292         -15,174

                                             Germany        Italy

  (Credits +, debits -) (1)                   2005        2005: IV

         Current account

Exports of goods and services
   and income receipts                       24,130          6,371
  Exports of goods and
     services                                18,365          4,772
   Goods, balance of payments
       basis (2)                             11,245          2,989
   Services (3)                               7,120          1,783
     Transfers under U.S.
       military agency sales
       contracts (4)                            163             63
     Travel                                   1,594            336
     Passenger fares                            607            126
     Other transportation                       551            144
     Royalties and license
       fees (5)                               1,293            361
     Other private
       services (5)                           2,903            750
     U.S. Government mis-
       cellaneous services                                       3
  Income receipts                             5,765          1,599
   Income receipts on U.S.
       owned assets abroad                    5,749          1,595
     Direct investment
       receipts                               2,956            827
     Other private receipts                   2,793            768
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                     16              4
Imports of goods and services and
   income payments                          -40,507        -10,119
  Imports of goods and services             -38,303         -9,559
   Goods, balance of payments
       basis (7)                            -30,966         -7,949
   Services (3)                              -7,337         -1,610
     Direct defense
       expenditures                          -1,007           -224
     Travel                                  -2,881           -526
     Passenger fares                           -647           -135
     Other transportation                      -867           -211
     Royalties and license
       fees (5)                                 -94            -27
     Other private
       services (5)                          -1,726           -457
     U.S. Government mis-
       cellaneous services                     -115            -30
  Income payments                            -2,204           -560
   Income payments on foreign-
       owned assets in the
       United States                         -2,158           -548
     Direct investment payments                -671           -150
     Other private payments                    -871           -225
     U.S. Government payments                  -616           -173
   Compensation of employees                    -46            -12
Unilateral current transfers, net              -400           -101
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                             -237            -59
  Private remittances and other
   transfers (6)                               -163            -42

  Capital and financial account

         Capital account

Capital account transactions, net               -28             -7

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -3,506        -10,381
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                  2             -1
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                             2             -1
  U.S. private assets, net                   -3,508         -1,037
   Direct investment                            267           -448
   Foreign securities                        -9,031            311
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                -1,494           -773
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               -1,378           -127
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                       3,175            326
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            56            -19
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            385            137
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                -1,974           -581
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        299           -203
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 4,409       (18) 992
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             17,136          4,568

Memoranda
Balance on goods (lines 3 and 20)           -19,721         -4,960
Balance on services(lines 4 and 21)            -217            173
Balance on goods and services
  (lines 2 and 19)                         -19,938          -4,787
Balance on income (lines 12
  and 29)                                     3,561          1,039
Unilateral current transfers,
  net (line 35)                                -400           -101
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -16,777         -3,849

                                                     Italy

  (Credits +, debits -) (1)                 2006:I (p)       2005

         Current account

Exports of goods and services
   and income receipts                        6,487         62,727
  Exports of goods and
     services                                 4,780         35,428
   Goods, balance of payments
       basis (2)                              2,952         26,288
   Services (3)                               1,828          9,140
     Transfers under U.S.
       military agency sales
       contracts (4)                            125            202
     Travel                                     297          1,015
     Passenger fares                            120            449
     Other transportation                       144          1,355
     Royalties and license
       fees (5)                                 343          1,721
     Other private
       services (5)                             797          4,378
     U.S. Government mis-
       cellaneous services                        2             20
  Income receipts                             1,707         27,299
   Income receipts on U.S.
       owned assets abroad                    1,703         27,283
     Direct investment
       receipts                                 905         20,484
     Other private receipts                     798          6,799
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                      4             16
Imports of goods and services and
   income payments                           -9,601        -49,094
  Imports of goods and services              -9,036        -22,858
   Goods, balance of payments
       basis (7)                             -7,636        -14,802
   Services (3)                             -1,40O          -8,056
     Direct defense
       expenditures                            -211           -227
     Travel                                    -370           -982
     Passenger fares                           -185           -837
     Other transportation                      -162         -1,956
     Royalties and license
       fees (5)                                 -17         -1,830
     Other private
       services (5)                            -424         -2,153
     U.S. Government mis-
       cellaneous services                      -31            -71
  Income payments                              -565        -26,236
   Income payments on foreign-
       owned assets in the
       United States                           -552        -26,222
     Direct investment payments                -166        -17,392
     Other private payments                    -216         -7,231
     U.S. Government payments                  -170         -1,599
   Compensation of employees                    -13             14
Unilateral current transfers, net              -102            386
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                             -64             -28
  Private remittances and other
   transfers (6)                                -38            414

  Capital and financial account

         Capital account

Capital account transactions, net                -7            -28

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                               2,995         26,201
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                 -1             -1
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -1             -1
  U.S. private assets, net                    2,996         26,202
   Direct investment                         -1,120         28,503
   Foreign securities                           703         -3,961
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 1,613           -911
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                1,800          2,571
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      -1,286         8,512
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           -65             14
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            326          7,113
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   300           -734
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                          6         12,322
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) -1,853   (18) -10,203
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              1,514        -48,704

Memoranda
Balance on goods (lines 3 and 20)            -4,684         11,486
Balance on services (lines 4 and 21)            428          1,084
Balance on goods and services
  (lines 2 and 19)                           -4,256         12,570
Balance on income (lines 12
  and 29)                                     1,142          1,063
Unilateral current transfers,
  net (line 35)                                -102            386
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -3,216         14,019

                                                Netherlands

  (Credits +, debits -) (1)                2005: IV       2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       16,902         17,031
  Exports of goods and
     services                                 9,338          9,346
   Goods, balance of payments
       basis (2)                              6,915          7,010
   Services (3)                               2,423          2,336
     Transfers under U.S.
       military agency sales
       contracts (4)                             64             53
     Travel                                     227            194
     Passenger fares                            100             97
     Other transportation                       352            344
     Royalties and license
       fees (5)                                 429            419
     Other private
       services (5)                           1,247           1225
     U.S. Government mis-
       cellaneous services                        4              4
  Income receipts                             7,564          7,685
   Income receipts on U.S.
       owned assets abroad                    7,560          7,681
     Direct investment
       receipts                               5,770          5,409
     Other private receipts                   1,790          2,272
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                      4              4
Imports of goods and services and
   income payments                          -13,257        -12,817
  Imports of goods and services              -6,333         -5,639
   Goods, balance of payments
       basis (7)                             -4,198         -3,780
   Services (3)                              -2,135         -1,859
     Direct defense
       expenditures                             -20            -55
     Travel                                    -218           -177
     Passenger fares                           -205           -196
     Other transportation                      -483           -457
     Royalties and license
       fees (5)                                -603           -346
     Other private
       services (5)                            -591           -613
     U.S. Government mis-
       cellaneous services                      -15            -15
  Income payments                            -6,924         -7,178
   Income payments on foreign-
       owned assets in the
       United States                         -6,920         -7,174
     Direct investment payments              -4,608         -4,545
     Other private payments                  -1,914         -2,247
     U.S. Government payments                  -398           -382
   Compensation of employees                     -4             -4
Unilateral current transfers, net               109            -50
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                               -7             -7
  Private remittances and other
   transfers (6)                                116            -43

  Capital and financial account

         Capital account

Capital account transactions, net                -7             -7

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                               2,102        -14,349
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                 -1             -1
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -1             -1
  U.S. private assets, net                    2,103        -14,348
   Direct investment                             61         -4,048
   Foreign securities                        -1,923         -1,150
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                25,811         -8,322
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                1,384           -828
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      -8,211         13,050
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           -10              4
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            915          4,163
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                -1,310           -538
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       -859          5,617
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) -6,947     (18) 3,804
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              2,362         -2,858

Memoranda
Balance on goods (lines 3 and 20)             2,717          3,230
Balance on services (lines 4 and 21)            288            477
Balance on goods and services
  (lines 2 and 19)                            3,005          3,707
Balance on income (lines 12
  and 29)                                       640            507
Unilateral current transfers,
  net (line 35)                                 109            -50
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                        3,754          4,164

                                          Netherlands    United Kingdom

  (Credits +, debits -) (1)                  2005           2005: IV

         Current account

Exports of goods and services
   and income receipts                      149,300         40,516
  Exports of goods and
     services                               83,315          21,152
   Goods, balance of payments
       basis (2)                             37,570          9,369
   Services (3)                              45,745         11,783
     Transfers under U.S.
       military agency sales
       contracts (4)                            396             73
     Travel                                  10,684          2,581
     Passenger fares                          2,780            726
     Other transportation                     3,635            991
     Royalties and license
       fees (5)                               5,313          1,488
     Other private
       services (5)                          22,874          5,909
     U.S. Government mis-
       cellaneous services                       63             15
  Income receipts                            65,985         19,364
   Income receipts on U.S.
       owned assets abroad                   65,889         19,339
     Direct investment
       receipts                              20,040          5,862
     Other private receipts                  45,791         13,419
     U.S. Government
       receipts                                  58             58
   Compensation of employees                     96             25
Imports of goods and services and
   income payments                         -174,442        -47,910
  Imports of goods and services             -87,374        -23,278
   Goods, balance of payments
       basis (7)                            -50,536        -13,994
   Services (3)                             -36,838         -9,284
     Direct defense
       expenditures                          -1,176           -398
     Travel                                  -7,133         -1,541
     Passenger fares                         -4,481         -1,003
     Other transportation                    -4,357         -1,132
     Royalties and license
       fees (5)                              -1,566           -450
     Other private
       services (5)                         -17,915         -4,697
     U.S. Government mis-
       cellaneous services                     -210            -63
  Income payments                           -87,068        -24,632
   Income payments on foreign-
       owned assets in the
       United States                        -86,979        -24,608
     Direct investment payments             -30,592         -7,936
     Other private payments                 -52,142        -15,383
     U.S. Government payments                -4,245         -1,289
   Compensation of employees                    -89            -24
Unilateral current transfers, net             4,206           1311
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                             -261            -66
  Private remittances and other
   transfers (6)                              4,467            204

  Capital and financial account

         Capital account

Capital account transactions, net               -49            -12

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                            -105,613         -3,870
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                 92             83
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  84             84
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                             8             -1
  U.S. private assets, net                 -105,705         -3,953
   Direct investment                        -10,874          8,441
   Foreign securities                       -56,069         -2,029
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   462         -6,916
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              -39,224         -3,449
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                     298,473         31,391
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           -12             16
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                         28,879          9,384
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities               160,058         39.322
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                    -15,434        -51,288
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                  (18) 124,982    (18) 33,957
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                           -171,875        -20,253

Memoranda
Balance on goods (lines 3 and 20)           -12,966         -4,625
Balance on services (lines 4 and 21)          8,907          2,499
Balance on goods and services
  (lines 2 and 19)                           -4,059         -2,126
Balance on income (lines 12
  and 29)                                   -21,083         -5,268
Unilateral current transfers,
  net (line 35)                               4,206            138
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                     -209,361         -7,256

                                        United Kingdom      Europe,
                                                           excluding
                                                            European
                                                             Union

  (Credits +, debits -) (1)                2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                       43,288         72,994
  Exports of goods and
     services                                21,879         43,344
   Goods, balance of payments
       basis (2)                             10,473         24,425
   Services (3)                              11,406         18,919
     Transfers under U.S.
       military agency sales
       contracts (4)                            111          1,164
     Travel                                   2,443          2,057
     Passenger fares                            616            640
     Other transportation                       963          1,659
     Royalties and license
       fees (5)                               1,297          4,537
     Other private
       services (5)                           5,961          8,789
     U.S. Government mis-
       cellaneous services                       15             73
  Income receipts                            21,409         29,650
   Income receipts on U.S.
       owned assets abroad                   21,387         29,573
     Direct investment
       receipts                               5,967         17,265
     Other private receipts                  15,420         11,974
     U.S. Government
       receipts                                 ...            334
   Compensation of employees                     22             77
Imports of goods and services and
   income payments                          -50,089        -85,493
  Imports of goods and services             -21,213        -65,295
   Goods, balance of payments
       basis (7)                            -12,273        -46,360
   Services (3)                              -8,940        -18,935
     Direct defense
       expenditures                            -317         -1,265
     Travel                                  -1,525         -2,009
     Passenger fares                         -1,006           -865
     Other transportation                    -1,091         -3,127
     Royalties and license
       fees (5)                                -360         -3,413
     Other private
       services (5)                          -4,578         -7,831
     U.S. Government mis-
       cellaneous services                      -63           -425
  Income payments                           -28,876        -20,198
   Income payments on foreign-
       owned assets in the
       United States                        -28,851        -20,091
     Direct investment payments              -9,417         -2,276
     Other private payments                 -17,988       -137,491
     U.S. Government payments                -1,446         -4,066
   Compensation of employees                    -25           -107
Unilateral current transfers, net               118         -5,036
  U.S. Government grants (4)                    ...         -2,484
  U.S. Government pensions and
   other transfers                              -69           -297
  Private remittances and other
   transfers (6)                                187         -2,255

  Capital and financial account

         Capital account

Capital account transactions, net               -13           -347

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                            -134,414        -40,500
  U.S. official reserve
     assets, net                                ...           -102
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...           -102
  U.S. Government assets, other
     than official reserve
     assets, net                                 -1          1,404
   U.S. credits and other
     long-term assets                           ...            -90
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...          1,493
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -1              1
  U.S. private assets, net                 -134,413        -41,802
   Direct investment                         -6,399          8,935
   Foreign securities                       -21,264        -16,609
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns              -33,150          -1,624
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              -73,600        -32,504
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                     237,238        103,134
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           -29             33
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                          7,272          1,030
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                71,728         12,638
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                     79,577          1,533
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 78,690    (18) 87,900
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -96,128        -44,752

Memoranda
Balance on goods (lines 3 and 20)            -1,800        -21,935
Balance on services (lines 4 and 21)          2,466            -16
Balance on goods and services
  (lines 2 and 19)                              666        -21,951
Balance on income (lines 12
  and 29)                                    -7,467          9,452
Unilateral current transfers,
  net (line 35)                                 118         -5,036
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -6,683        -17,535

                                       Europe, excluding European Union

  (Credits +, debits -) (1)                 2005: IV      2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       19,693         21,603
  Exports of goods and
     services                                11,467         12,530
   Goods, balance of payments
       basis (2)                              6,245          7,154
   Services (3)                               5,222          5,376
     Transfers under U.S.
       military agency sales
       contracts (4)                            274            278
     Travel                                     475            465
     Passenger fares                            155            165
     Other transportation                       459            460
     Royalties and license
       fees (5)                               2,391          1,444
     Other private
       services (5)                           2,391          2,545
     U.S. Government mis-
       cellaneous services                       19             19
  Income receipts                             8,226          9,073
   Income receipts on U.S.
       owned assets abroad                    8,206          9,062
     Direct investment
       receipts                               4,633          5,347
     Other private receipts                   3,539          3,583
     U.S. Government
       receipts                                  34            132
   Compensation of employees                     20             11
Imports of goods and services and
   income payments                          -22,859        -22,313
  Imports of goods and services             -16,789        -16,706
   Goods, balance of payments
       basis (7)                            -11,715        -11,744
   Services (3)                              -5,074         -4,962
     Direct defense
       expenditures                            -333           -318
     Travel                                    -378           -268
     Passenger fares                           -175           -197
     Other transportation                      -826           -782
     Royalties and license
       fees (5)                                -927           -962
     Other private
       services (5)                          -2,332         -2,332
     U.S. Government mis-
       cellaneous services                     -103           -103
  Income payments                            -6,070         -5,607
   Income payments on foreign-
       owned assets in the
       United States                         -6,036         -5,573
     Direct investment payments                -756            247
     Other private payments                  -4,215         -4,617
     U.S. Government payments                -1,065         -1,203
   Compensation of employees                    -34            -34
Unilateral current transfers, net            -1,961         -1,204
  U.S. Government grants (4)                   -477           -624
  U.S. Government pensions and
   other transfers                              -94            -30
  Private remittances and other
   transfers (6)                             -1,390           -550

  Capital and financial account

         Capital account

Capital account transactions, net               -86           -172

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              43,976        -32,749
  U.S. official reserve
     assets, net                                -24            -25
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           -24            -25
  U.S. Government assets, other
     than official reserve
     assets, net                                102            211
   U.S. credits and other
     long-term assets                           -10            -19
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 113            231
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -1             -1
  U.S. private assets, net                   43,898        -32,935
   Direct investment                         15,792        -40,531
   Foreign securities                        -1,651            610
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   500            582
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               29,257        -30,074
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      18,001          6,132
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            67            -27
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            232        -11,469
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 5,813          7,699
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        248         -3,753
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 11,641    (18) 13,682
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -56,764         28,703

Memoranda
Balance on goods (lines 3 and 20)            -5,470         -4,590
Balance on services (lines 4 and 21)            148            414
Balance on goods and services
  (lines 2 and 19)                           -5,322         -4,176
Balance on income (lines 12
  and 29)                                     2,156          3,466
Unilateral current transfers,
  net (line 35)                              -1,961         -1,204
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -5,127         -1,914

                                                    Canada

Line (Credits +, debits -) (1)               2005          2005: IV

             Current account

 1 Exports of goods and services
       and income receipts                  280,849         72,618
 2   Exports of goods and
         services                           244,964         62,905
 3     Goods, balance of payments
           basis (2)                        212,192         55,008
 4     Services (3)                          32,772          7,897
 5       Transfers under U.S.
           military agency sales
           contracts (4)                        162             26
 6       Travel                               8,952          1,811
 7       Passenger fares                      2,634            592
 8       Other transportation                 3,031            759
 9       Royalties and license
           fees (5)                           4,442          1,218
10       Other private
           services (5)                      13,448          3,461
11       U.S. Government mis-
           cellaneous services                  103             30
12   Income receipts                         35,885          9,713
13     Income receipts on U.S.
           owned assets abroad               35,765          9,684
14       Direct investment
           receipts                          22,564          6,010
15       Other private receipts              13,201          3,674
16       U.S. Government
           receipts                             ...            ...
17     Compensation of employees                120             29
18 Imports of goods and services and
       income payments                     -332,361        -92,264
19   Imports of goods and services         -315,863        -86,333
20     Goods, balance of payments
           basis (7)                       -293,314        -81,065
21     Services (3)                         -22,549         -5,268
22       Direct defense
           expenditures                        -186            -46
23       Travel                              -7,002         -1,092
24       Passenger fares                       -348            -80
25       Other transportation                -4,387         -1,140
26       Royalties and license
           fees (5)                            -814           -197
27       Other private
           services (5)                      -9,471         -2,623
28       U.S. Government mis-
           cellaneous services                 -341            -90
29   Income payments                        -16,498         -5,931
30     Income payments on foreign-
           owned assets in the
           United States                    -16,067         -5,816
31       Direct investment payments          -7,290         -3,319
32       Other private payments              -7,618         -2,108
33       U.S. Government payments            -1,159           -389
34     Compensation of employees               -431           -115
35 Unilateral current transfers, net             26           -155
36   U.S. Government grants (4)                 ...            ...
37   U.S. Government pensions and
       other transfers                         -592           -150
38   Private remittances and other
       transfers (6)                            618             -5

     Capital and financial account

             Capital account

39 Capital account transactions, net             88             31

             Financial account

40 U.S.-owned assets abroad, net
       (increase/financial
       outflow (-))                         -53,671        -18,319
41   U.S. official reserve
         assets, net                            ...            ...
42     Gold (7)                                 ...            ...
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, net                            ...            ...
47     U.S. credits and other
         long-term assets                       ...            ...
48     Repayments on U.S. credits
         and other long-term
         assets (8)                             ...            ...
49     U.S. foreign currency
         holdings and U.S. short-
         term assets, net                       ...            ...
50   U.S. private assets, net               -53,671        -18,319
51     Direct investment                    -16,790         -2,772
52     Foreign securities                    -6,279         -3,096
53     U.S. claims on unaffiliated
         foreigners reported by
         U.S. nonbanking concerns           -10,343         -1,638
54     U.S. claims reported by U.S.
         banks, not included
         elsewhere                          -20,259        -10,813
55 Foreign-owned assets in the United
       States, net (increase/
       financial inflow(+))                  88,951         16,344
56   Foreign official assets in the
         United States, net                     249            460
57     U.S. Government securities              (17)           (17)
58       U.S. Treasury secu-
           rities (9)                          (17)           (17)
59       Other (10)                            (17)           (17)
60     Other U.S. Government
         liabilities (11)                        -6              4
61     U.S. liabilities reported
         by U.S. banks, not in-
         cluded elsewhere                      (17)           (17)
62     Other foreign official
         assests (12)                          (17)           (17)
63   Other foreign assets in the
         United States, net                  88,702         15,884
64     Direct investment                     17,080          1,956
65     U.S. Treasury securities                (17)           (17)
66     U.S. securities other than
         U.S. Treasury securities            34,629         11,061
67     U.S. currency                            ...            ...
68     U.S. liabilities to un-
         affiliated foreigners
         reported by U.S.
         nonbanking concerns                   (17)           (17)
69     U.S. liabilities reported
         by U.S. banks, not in-
         cluded elsewhere                     1,606         -4,969
70 Statistical discrepancy (sum of
     above items with sign
     reversed) (19)                          16,118         21,745

   Memoranda
71 Balance on goods (lines 3 and 20)        -81,122        -26,057
72 Balance on services (lines 4 and 21)      10,223          2,629
73 Balance on goods and services
     (lines 2 and 19)                       -70,899        -23,428
74 Balance on income (lines 12
     and 29)                                 19,387          3,782
75 Unilateral current transfers,
     net (line 35)
76 Balance on current account                    26           -155
     (lines 1, 18, and 35 or lines
     73, 74, and 75) (13)                   -51,486         -19,801

                                           Canada       Latin America
                                                         and Other
                                                          Western
                                                         Hemisphere

  (Credits +, debits -) (1)                2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                       75,557        353,281
  Exports of goods and
     services                                65,343        254,069
   Goods, balance of payments
       basis (2)                             56,125        192,387
   Services (3)                               9,218         61,682
     Transfers under U.S.
       military agency sales
       contracts (4)                             52            724
     Travel                                   2,707         18,488
     Passenger fares                            789          5,562
     Other transportation                       808          5,128
     Royalties and license
       fees (5)                               1,082          4,350
     Other private
       services (5)                           3,748         27,282
     U.S. Government mis-
       cellaneous services                       32            148
  Income receipts                            10,214         99,212
   Income receipts on U.S.
       owned assets abroad                   10,183         99,009
     Direct investment
       receipts                               6,164         39,441
     Other private receipts                   4,019         59,314
     U.S. Government
       receipts                                 ...            254
   Compensation of employees                     31            203
Imports of goods and services and
   income payments                          -89,211       -431,573
  Imports of goods and services             -83,481       -348,858
   Goods, balance of payments
       basis (7)                            -78,283       -294,993
   Services (3)                              -5,198        -53,865
     Direct defense
       expenditures                             -55           -249
     Travel                                    -962        -21,888
     Passenger fares                            -53         -3,033
     Other transportation                    -1,148         -6,408
     Royalties and license
       fees (5)                                -185         -1,509
     Other private
       services (5)                          -2,704        -20,238
     U.S. Government mis-
       cellaneous services                      -91           -540
  Income payments                            -5,730        -82,715
   Income payments on foreign-
       owned assets in the
       United States                         -5,618        -75,534
     Direct investment payments              -2,846         -2,139
     Other private payments                  -2,266        -61,347
     U.S. Government payments                  -506        -12,048
   Compensation of employees                   -112         -7,181
Unilateral current transfers, net               491        -22,963
  U.S. Government grants (4)                    ...         -2,290
  U.S. Government pensions and
   other transfers                             -158           -906
  Private remittances and other
   transfers (6)                                649        -19,767

  Capital and financial account

         Capital account

Capital account transactions, net                 5           -275

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -10,301        -82,767
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            509
   U.S. credits and other
     long-term assets                           ...           -369
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            774
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...            104
  U.S. private assets, net                  -10,301        -83,276
   Direct investment                         -5,905         10,545
   Foreign securities                        -7,170        -28,676
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 2,032        -25,087
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                  742        -40,058
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      17,642        156,202
  Foreign official assets in the
     United States, net                        -117          5,404
   U.S. Government securities                  (17)           (17)
     U.S. Treasury secu-
       rities (9)                              (17)           (17)
     Other (10)                                (17)           (17)
   Other U.S. Government
     liabilities (11)                            26             11
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (17)           (17)
   Other foreign official
     assests (12)                              (17)           (17)
  Other foreign assets in the
     United States, net                      17,759        150,798
   Direct investment                          5,113         -7,605
   U.S. Treasury securities                    (17)           (17)
   U.S. securities other than
     U.S. Treasury securities                 9,505         72,867
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (17)           (17)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                        -1,669        18,104
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              5,817         28,095

Memoranda
Balance on goods (lines 3 and 20)           -22,158       -102,606
Balance on services (lines 4 and 21)          4,020          7,817
Balance on goods and services
  (lines 2 and 19)                          -18,138        -94,789
Balance on income (lines 12
  and 29)                                     4,484         16,497
Unilateral current transfers,
  net (line 35)
Balance on current account                      491        -22,963
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -13,163       -101,255

                                                 Latin America
                                                   and Other
                                                   Western
                                                  Hemisphere

  (Credits +, debits -) (1)                2005: IV      2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       96,502         99,248
  Exports of goods and
     services                                68,519         68,378
   Goods, balance of payments
       basis (2)                             51,227         52,636
   Services (3)                              17,292         15,742
     Transfers under U.S.
       military agency sales
       contracts (4)                            191            191
     Travel                                   4,834          4,020
     Passenger fares                          1,382          1,340
     Other transportation                     1,426          1,376
     Royalties and license
       fees (5)                               1,581          1,004
     Other private
       services (5)                           7,841          7,771
     U.S. Government mis-
       cellaneous services                       37             40
  Income receipts                            27,983         30,870
   Income receipts on U.S.
       owned assets abroad                   27,932         30,819
     Direct investment
       receipts                              10,286         11,019
     Other private receipts                  17,551         19,773
     U.S. Government
       receipts                                  95             27
   Compensation of employees                     51             51
Imports of goods and services and
   income payments                         -115,798       -121,241
  Imports of goods and services             -91,314        -95,099
   Goods, balance of payments
       basis (7)                            -78,495        -80,826
   Services (3)                             -12,819        -14,273
     Direct defense
       expenditures                             -65            -55
     Travel                                  -4,926         -5,754
     Passenger fares                           -752           -827
     Other transportation                    -1,705         -1,675
     Royalties and license
       fees (5)                                -384           -335
     Other private
       services (5)                          -4,855         -5,491
     U.S. Government mis-
       cellaneous services                     -132           -136
  Income payments                           -24,484        -26,142
   Income payments on foreign-
       owned assets in the
       United States                        -22,594        -24,480
     Direct investment payments                -877           -557
     Other private payments                 -18,357        -20,415
     U.S. Government payments                -3,360         -3,508
   Compensation of employees                 -1,890         -1,662
Unilateral current transfers, net            -6,483         -5,783
  U.S. Government grants (4)                   -429           -350
  U.S. Government pensions and
   other transfers                             -250           -192
  Private remittances and other
   transfers (6)                             -5,804         -5,241

  Capital and financial account

         Capital account

Capital account transactions, net               -47            -61

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                               1,972        -74,213
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                189            237
   U.S. credits and other
     long-term assets                           -17            -13
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 203            258
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                             3             -8
  U.S. private assets, net                    1,783        -74,450
   Direct investment                         14,170        -10,129
   Foreign securities                        -7,921         -4,292
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns               -18,154          5,185
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               13,688        -65,214
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      23,518         80,234
  Foreign official assets in the
     United States, net                       6,641          8,168
   U.S. Government securities                  (17)           (17)
     U.S. Treasury secu-
       rities (9)                              (17)           (17)
     Other (10)                                (17)           (17)
   Other U.S. Government
     liabilities (11)                           -21             57
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (17)           (17)
   Other foreign official
     assests (12)                              (17)           (17)
  Other foreign assets in the
     United States, net                      16,877         72,066
   Direct investment                         -5,567          1,290
   U.S. Treasury securities                    (17)           (17)
   U.S. securities other than
     U.S. Treasury securities                 8,145         31,784
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (17)           (17)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                         5,924         78,938
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                                335         21,815

Memoranda
Balance on goods (lines 3 and 20)          -272,681        -28,190
Balance on services (lines 4 and 21)         44,741          1,470
Balance on goods and services
  (lines 2 and 19)                          -22,794        -26,720
Balance on income (lines 12
  and 29)                                     3,499          4,728
Unilateral current transfers,
  net (line 35)
Balance on current account                   -6,483         -5,783
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -25,778        -27,775

                                          South and Central America

  (Credits +, debits -) (1)                  2005          2005: IV

         Current account

Exports of goods and services
   and income receipts                      250,865         66,909
  Exports of goods and
     services                               222,337         59,174
   Goods, balance of payments
       basis (2)                            177,318         47,227
   Services (3)                              45,019         11,947
     Transfers under U.S.
       military agency sales
       contracts (4)                            717            189
     Travel                                  15,987          4,172
     Passenger fares                          4,715          1,173
     Other transportation                     3,965          1,102
     Royalties and license
       fees (5)                               2,876            834
     Other private
       services (5)                          16,643          4,448
     U.S. Government mis-
       cellaneous services                      116             29
  Income receipts                            28,528          7,735
   Income receipts on U.S.
       owned assets abroad                   28,349          7,690
     Direct investment
       receipts                              19,732          5,216
     Other private receipts                   8,376          2,384
     U.S. Government
       receipts                                 241             90
   Compensation of employees                    179             45
Imports of goods and services and
   income payments                         -324,467        -85,600
  Imports of goods and services            -305,030        -80,178
   Goods, balance of payments
       basis (7)                           -276,760        -73,425
   Services (3)                             -28,270         -6,753
     Direct defense
       expenditures                            -219            -58
     Travel                                 -17,015         -3,880
     Passenger fares                         -2,443           -600
     Other transportation                    -3,037           -778
     Royalties and license
       fees (5)                                -183            -57
     Other private
       services (5)                          -4,902         -1,266
     U.S. Government mis-
       cellaneous services                     -471           -114
  Income payments                           -19,437         -5,422
   Income payments on foreign-
       owned assets in the
       United States                       -123,571         -3,569
     Direct investment payments              -2,438           -618
     Other private payments                  -5,411         -1,631
     U.S. Government payments                -4,508         -1,320
   Compensation of employees                 -7,080         -1,853
Unilateral current transfers, net           -22,710         -5,664
  U.S. Government grants (4)                 -2,180           -398
  U.S. Government pensions and
   other transfers                             -834           -232
  Private remittances and other
   transfers (6)                            -19,696         -5,034

  Capital and financial account

         Capital account

Capital account transactions, net              -234            -48

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -36,458        -11,174
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                420            176
   U.S. credits and other
     long-term assets                          -339            -17
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 657            190
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           102              3
  U.S. private assets, net                  -36,878        -11,350
   Direct investment                        -11,373         -2,200
   Foreign securities                       -23,509         -5,427
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                -1,056           -671
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                 -940         -3,052
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      47,424          6,055
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            11            -21
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                         3,959          -6,145
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                15,011          2,329
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (18)           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 28,443     (18) 9,892
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             85,580         29,521

Memoranda
Balance on goods (lines 3 and 20)           -99,442        -26,198
Balance on services (lines 4 and 21)         16,749          5,195
Balance on goods and services
  (lines 2 and 19)                          -82,693        -21,003
Balance on income (lines 12
  and 29)                                     9,091          2,313
Unilateral current transfers,
  net (line 35)
Balance on current account                  -22,710         -5,664
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -96,312        -24,354

                                         South and         Argentina
                                      Central America

  (Credits +, debits -) (1)                2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                       68,326          7,605
  Exports of goods and
     services                                59,759          5,939
   Goods, balance of payments
       basis (2)                             48,398          4,111
   Services (3)                              11,361          1,828
     Transfers under U.S.
       military agency sales
       contracts (4)                            190              5
     Travel                                   3,604            461
     Passenger fares                          1,162            293
     Other transportation                     1,055            125
     Royalties and license
       fees (5)                                 737            195
     Other private
       services (5)                           4,582            741
     U.S. Government mis-
       cellaneous services                       31              8
  Income receipts                             8,567          1,866
   Income receipts on U.S.
       owned assets abroad                    8,522          1,858
     Direct investment
       receipts                               5,895          1,584
     Other private receipts                   2,602            265
     U.S. Government
       receipts                                  25              9
   Compensation of employees                     45              8
Imports of goods and services and
   income payments                          -88,920         -5,962
  Imports of goods and services             -83,685         -5,397
   Goods, balance of payments
       basis (7)                            -76,200         -4,583
   Services (3)                              -7,485           -814
     Direct defense
       expenditures                             -49             -6
     Travel                                   4,454           -409
     Passenger fares                           -662            -59
     Other transportation                      -805           -126
     Royalties and license
       fees (5)                                 -56            -14
     Other private
       services (5)                          -1,347           -189
     U.S. Government mis-
       cellaneous services                     -112            -11
  Income payments                            -5,235           -565
   Income payments on foreign-
       owned assets in the
       United States                         -3,589           -555
     Direct investment payments                -352            (D)
     Other private payments                  -1,817           -412
     U.S. Government payments                -1,420            (D)
   Compensation of employees                 -1,646            -10
Unilateral current transfers, net            -5,638           -237
  U.S. Government grants (4)                   -308             -1
  U.S. Government pensions and
   other transfers                             -173            -24
  Private remittances and other
   transfers (6)                             -5,157           -212

  Capital and financial account

         Capital account

Capital account transactions, net               -62             -5

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -12,410           -292
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                228             24
   U.S. credits and other
     long-term assets                           -13           -124
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 249             33
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -8            115
  U.S. private assets, net                  -12,638           -316
   Direct investment                         -4,675           -888
   Foreign securities                        -7,719             33
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 1,019             36
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               -1,263            503
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      23,320           -140
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            55              3
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                          1,384            -82
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 3,442          1,391
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (18)             135
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 18,439     (18) -1,587
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             15,383         -1,169

Memoranda
Balance on goods (lines 3 and 20)           -27,802           -472
Balance on services (lines 4 and 21)          3,877          1,014
Balance on goods and services
  (lines 2 and 19)                          -23,925            542
Balance on income (lines 12
  and 29)                                     3,332          1,301
Unilateral current transfers,
  net (line 35)
Balance on current account                   -4,638           -237
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -26,231          1,606

                                                   Argentina

  (Credits +, debits -) (1)                2005: IV      2006:I (p)

         Current account

Exports of goods and services
   and income receipts                        2,104          2,058
  Exports of goods and
     services                                 1,526          1,552
   Goods, balance of payments
       basis (2)                              1,048          1,045
   Services (3)                                 478            507
     Transfers under U.S.
       military agency sales
       contracts (4)                              2              2
     Travel                                      94            121
     Passenger fares                             67             79
     Other transportation                        36             35
     Royalties and license
       fees (5)                                  54             54
     Other private
       services (5)                             223            214
     U.S. Government mis-
       cellaneous services                        2              2
  Income receipts                               578            506
   Income receipts on U.S.
       owned assets abroad                      576            504
     Direct investment
       receipts                                 499            424
     Other private receipts                      75             79
     U.S. Government
       receipts                                   2              1
   Compensation of employees                      2              2
Imports of goods and services and
   income payments                           -1,571         -1,529
  Imports of goods and services              -1,418         -1,347
   Goods, balance of payments
       basis (7)                             -1,198         -1,099
   Services (3)                                -220           -248
     Direct defense
       expenditures                              -3             -1
     Travel                                    -105           -142
     Passenger fares                            -16            -21
     Other transportation                       -39            -33
     Royalties and license
       fees (5)                                  -5             -3
     Other private
       services (5)                             -50            -46
     U.S. Government mis-
       cellaneous services                       -2             -2
  Income payments                              -153           -182
   Income payments on foreign-
       owned assets in the
       United States                           -150           -179
     Direct investment payments                 (D)              1
     Other private payments                    -122           -136
     U.S. Government payments                   (D)            -44
   Compensation of employees                     -3             -3
Unilateral current transfers, net               -60            -67
  U.S. Government grants (4)                     -1            ...
  U.S. Government pensions and
   other transfers                               -6             -6
  Private remittances and other
   transfers (6)                                -53            -61

  Capital and financial account

         Capital account

Capital account transactions, net               ...            ...

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                                -125           -590
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                 -1            ...
   U.S. credits and other
     long-term assets                            -1            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...            ...
  U.S. private assets, net                     -124           -590
   Direct investment                           -527           -418
   Foreign securities                           101           -288
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                     9              5
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                  293            111
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                         516            811
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                             2              9
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                             11             43
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   144            430
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                         41             15
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                      (18) 318       (18) 314
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                               -864           -683

Memoranda
Balance on goods (lines 3 and 20)              -150            -54
Balance on services (lines 4 and 21)            258            259
Balance on goods and services
  (lines 2 and 19)                              108            205
Balance on income (lines 12
  and 29)                                       425            324
Unilateral current transfers,
  net (line 35)
Balance on current account                      -60            -67
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                          473            462

                                                    Brazil

  (Credits +, debits -) (1)                   2005          2005: IV

         Current account

Exports of goods and services
   and income receipts                       27,329          7,420
  Exports of goods and
     services                                21,045          5,660
   Goods, balance of payments
       basis (2)                             15,174          4,092
   Services (3)                               5,871          1,568
     Transfers under U.S.
       military agency sales
       contracts (4)                             12              3
     Travel                                   1,577            399
     Passenger fares                            624            184
     Other transportation                       660            191
     Royalties and license
       fees (5)                                 738            232
     Other private
       services (5)                           2,255            558
     U.S. Government mis-
       cellaneous services                        5              1
  Income receipts                             6,284          1,760
   Income receipts on U.S.
       owned assets abroad                    6,264          1,755
     Direct investment
       receipts                               3,543            949
     Other private receipts                   2,592            755
     U.S. Government
       receipts                                 129             51
   Compensation of employees                     20              5
Imports of goods and services and
   income payments                          -28,192         -7,389
  Imports of goods and services             -26,531         -6,922
   Goods, balance of payments
       basis (7)                            -24,434         -6,365
   Services (3)                              -2,097        -557-21
     Direct defense
       expenditures                              -5             -2
     Travel                                    -674           -165
     Passenger fares                           -317            -84
     Other transportation                      -393           -114
     Royalties and license
       fees (5)                                 -17             -2
     Other private
       services (5)                            -675           -186
     U.S. Government mis-
       cellaneous services                      -16             -4
  Income payments                            -1,661           -467
   Income payments on foreign-
       owned assets in the
       United States                         -1,644           -461
     Direct investment payments                 -23             27
     Other private payments                    -596           -156
     U.S. Government payments                -1,025           -332
   Compensation of employees                    -17             -6
Unilateral current transfers, net              -431            -99
  U.S. Government grants (4)                    -23             -3
  U.S. Government pensions and
   other transfers                              -19             -5
  Private remittances and other
   transfers (6)                               -389            -91

  Capital and financial account

         Capital account

Capital account transactions, net               -12             -3

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -14,158         -3,349
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                109             81
   U.S. credits and other
     long-term assets                          -141             -5
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 256             86
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -6           ...
  U.S. private assets, net                  -14,267         -3,430
   Direct investment                         -1,183            366
   Foreign securities                       -11,906         -2,363
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                  -428           -304
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                 -750         -1,129
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      10,668             56
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            40             29
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                          1,458             23
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   488            114
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        -28            -11
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 8,710       (18) -99
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              4,796          3,364

Memoranda
Balance on goods (lines 3 and 20)            -9,260         -2,273
Balance on services (lines 4 and 21)          3,774          1,011
Balance on goods and services
  (lines 2 and 19)                           -5,486         -1,262
Balance on income (lines 12
  and 29)                                     4,623          1,293
Unilateral current transfers,
  net (line 35)
Balance on current account                     -431            -99
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -1,294            -68

                                            Brazil       Mexico (15)

  (Credits +, debits -) (1)                 2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                        7,681        152,469
  Exports of goods and
     services                                 5,632        140,893
   Goods, balance of payments
       basis (2)                              4,132        120,264
   Services (3)                               1,500         20,629
     Transfers under U.S.
       military agency sales
       contracts (4)                              5              9
     Travel                                     361          6,791
     Passenger fares                            151          1,709
     Other transportation                       183          1,314
     Royalties and license
       fees (5)                                 193          1,402
     Other private
       services (5)                             605          9,387
     U.S. Government mis-
       cellaneous services                        2             17
  Income receipts                             2,049         11,576
   Income receipts on U.S.
       owned assets abroad                    2,044         11,544
     Direct investment
       receipts                               1,206          8,661
     Other private receipts                     830          2,871
     U.S. Government
       receipts                                   8             12
   Compensation of employees                      5             32
Imports of goods and services and
   income payments                           -7,149       -197,907
  Imports of goods and services              -6,657       -186,972
   Goods, balance of payments
       basis (7)                             -6,091       -172,110
   Services (3)                                -566        -14,862
     Direct defense
       expenditures                              -1            -14
     Travel                                    -166        -10,240
     Passenger fares                            -89           -973
     Other transportation                      -106           -948
     Royalties and license
       fees (5)                                  -5           -139
     Other private
       services (5)                            -196         -2,374
     U.S. Government mis-
       cellaneous services                       -3           -174
  Income payments                              -492        -10,935
   Income payments on foreign-
       owned assets in the
       United States                           -486         -3,949
     Direct investment payments                  32           -191
     Other private payments                    -175         -1,654
     U.S. Government payments                  -343         -2,104
   Compensation of employees                     -6         -6,986
Unilateral current transfers, net              -115        -11,063
  U.S. Government grants (4)                    ...            -58
  U.S. Government pensions and
   other transfers                               -5           -262
  Private remittances and other
   transfers (6)                               -110        -10,743

  Capital and financial account

         Capital account

Capital account transactions, net                -3            -71

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -3,600        -12,084
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                164             20
   U.S. credits and other
     long-term assets                           ...            -16
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 169             44
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -5             -8
  U.S. private assets, net                   -3,764        -12,104
   Direct investment                           -968         -6,772
   Foreign securities                        -2,248         -3,874
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   299           -472
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                 -847           -986
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                       9,438         16,658
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                             6            -3
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            -58            348
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   327          7,207
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       -183            368
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 9,346     (18) 8,738
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -62,521         51,998

Memoranda
Balance on goods (lines 3 and 20)            -1,959        -51,846
Balance on services (lines 4 and 21)            934          5,767
Balance on goods and services
  (lines 2 and 19)                           -1,025        -46,079
Balance on income (lines 12
  and 29)                                     1,557            641
Unilateral current transfers,
  net (line 35)
Balance on current account                     -115        -11,063
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                          417        -56,501

                                                Mexico (15)

  (Credits +, debits -) (1)                 2005: IV      2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       40,414         40,873
  Exports of goods and
     services                                37,728         37,818
   Goods, balance of payments
       basis (2)                             32,145         32,634
   Services (3)                               5,583          5,184
     Transfers under U.S.
       military agency sales
       contracts (4)                              3              1
     Travel                                   1,869         1,568
     Passenger fares                            374            403
     Other transportation                       368            371
     Royalties and license
       fees (5)                                 381            346
     Other private
       services (5)                           2,583          2,490
     U.S. Government mis-
       cellaneous services                        5              5
  Income receipts                             2,686          3,055
   Income receipts on U.S.
       owned assets abroad                    2,678          3,047
     Direct investment
       receipts                               1,878          2,182
     Other private receipts                     797            862
     U.S. Government
       receipts                                   3              3
   Compensation of employees                      8              8
Imports of goods and services and
   income payments                          -52,608       -548,961
  Imports of goods and services             -49,622        -52,050
   Goods, balance of payments
       basis (7)                            -46,176        -48,052
   Services (3)                              -3,446         -3,998
     Direct defense
       expenditures                              -2             -4
     Travel                                  -2,304         -2,755
     Passenger fares                           -207           -269
     Other transportation                      -233           -253
     Royalties and license
       fees (5)                                 -45            -44
     Other private
       services (5)                            -611           -628
     U.S. Government mis-
       cellaneous services                      -44            -45
  Income payments                            -2,986         -2,846
   Income payments on foreign-
       owned assets in the
       United States                         -1,164         -1,230
     Direct investment payments                 (D)            -22
     Other private payments                    -488           -517
     U.S. Government payments                   (D)           -691
   Compensation of employees                 -1,822         -1,616
Unilateral current transfers, net            -2,834         -2,872
  U.S. Government grants (4)                     -9            ...
  U.S. Government pensions and
   other transfers                              -67            -70
  Private remittances and other
   transfers (6)                             -2,758         -2,802

  Capital and financial account

         Capital account

Capital account transactions, net               -18            -20

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -3,687         -3,515
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                  7              4
   U.S. credits and other
     long-term assets                            -4             -5
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  12             10
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                            -1             -1
  U.S. private assets, net                   -3,694         -3,519
   Direct investment                         -1,713           -962
   Foreign securities                          -534         -2,992
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                  -339            625
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               -1,108           -190
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                       6,421          7,073
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           ...              1
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                           (18)            646
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   539          1,810
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        186            -6
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 5,696     (18) 4,622
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             12,312         13,357

Memoranda
Balance on goods (lines 3 and 20)           -14,031        -15,418
Balance on services (lines 4 and 21)          2,137          1,186
Balance on goods and services
  (lines 2 and 19)                          -11,894        -14,232
Balance on income (lines 12
  and 29)                                      -300            209
Unilateral current transfers,
  net (line 35)
Balance on current account                   -2,834         -2,872
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -15,028        -16,895

                                                   Venezuela

  (Credits +, debits -) (1)                   2005          2005: IV

         Current account

Exports of goods and services
   and income receipts                       11,627         13,216
  Exports of goods and
     services                                 9,057          2,493
   Goods, balance of payments
       basis (2)                              6,410          1,740
   Services (3)                               2,647            753
     Transfers under U.S.
       military agency sales
       contracts (4)                              9              2
     Travel                                   1,135            327
     Passenger fares                            354            113
     Other transportation                       169             44
     Royalties and license
       fees (5)                                 138             43
     Other private
       services (5)                            8401            224
     U.S. Government mis-
       cellaneous services                        2           (*)
  Income receipts                             2,570            723
   Income receipts on U.S.
       owned assets abroad                    2,563            721
     Direct investment
       receipts                               2,156            604
     Other private receipts                     399            133
     U.S. Government
       receipts                                   8              7
   Compensation of employees                      7              2
Imports of goods and services and
   income payments                          -36,539         -9,283
  Imports of goods and services             -34,572         -8,553
   Goods, balance of payments
       basis (7)                            -33,978        -84,031
   Services (3)                                -594         -150I
     Direct defense
       expenditures                              -4             -1
     Travel                                    -280            -68
     Passenger fares                            -63            -16
     Other transportation                      -135            -32
     Royalties and license
       fees (5)                                  -5             -2
     Other private
       services (5)                             -98            -29
     U.S. Government mis-
       cellaneous services                       -9             -2
  Income payments                            -1,967           -730
   Income payments on foreign-
       owned assets in the
       United States                         -1,955           -726
     Direct investment payments                 (D)            (D)
     Other private payments                    -876           -286
     U.S. Government payments                   (D)            (D)
   Compensation of employees                    -12             -4
Unilateral current transfers, net              -107            -21
  U.S. Government grants (4)                     -1            ...
  U.S. Government pensions and
   other transfers                               -4             -1
  Private remittances and other
   transfers (6)                               -102            -20

  Capital and financial account

         Capital account

Capital account transactions, net                 8              2

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -2,408           -705
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                  8             4
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                   8              4
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...            ...
  U.S. private assets, net                   -2,416           -709
   Direct investment                         -1,674           -523
   Foreign securities                        -1,170           -351
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   -85              6
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                  513            159
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                       5,057          2,032
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            -8             -2
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                          1,217             34
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   322            -25
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        264            -56
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 3,262     (18) 2,081
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             22,362          4,759

Memoranda
Balance on goods (lines 3 and 20)           -27,568        -66,631
Balance on services (lines 4 and 21)          2,053            603
Balance on goods and services
  (lines 2 and 19)                          -25,515         -6,060
Balance on income (lines 12
  and 29)                                       603             -7
Unilateral current transfers,
  net (line 35)
Balance on current account                     -107            -21
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -25,019         -6,088

                                         Venezuela     Other South and
                                                       Central America

  (Credits +, debits -) (1)                2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                        3,310         51,635
  Exports of goods and
     services                                 2,492         45,403
   Goods, balance of payments
       basis (2)                              1,888         31,359
   Services (3)                                 604         14,044
     Transfers under U.S.
       military agency sales
       contracts (4)                              1            682
     Travel                                     223          6,023
     Passenger fares                             56          1,735
     Other transportation                        38          1,697
     Royalties and license
       fees (5)                                  35            403
     Other private
       services (5)                             251          3,420
     U.S. Government mis-
       cellaneous services                      (*)             84
  Income receipts                               818          6,232
   Income receipts on U.S.
       owned assets abroad                      816          6,120
     Direct investment
       receipts                                 692          3,788
     Other private receipts                     124          2,249
     U.S. Government
       receipts                                 ...             83
   Compensation of employees                      2            112
Imports of goods and services and
   income payments                           -9,854        -55,866
  Imports of goods and services              -9,360        -51,557
   Goods, balance of payments
       basis (7)                             -9,231        -41,655
   Services (3)                                -129         -9,902
     Direct defense
       expenditures                              -1           -190
     Travel                                     -53         -5,412
     Passenger fares                            -16         -1,031
     Other transportation                       -29         -1,435
     Royalties and license
       fees (5)                                  -2             -7
     Other private
       services (5)                             -26         -1,566
     U.S. Government mis-
       cellaneous services                       -2           -261
  Income payments                              -494         -4,309
   Income payments on foreign-
       owned assets in the
       United States                           -490         -4,254
     Direct investment payments                -138         -1,393
     Other private payments                    -298         -1,873
     U.S. Government payments                   -54           -988
   Compensation of employees                     -4            -55
Unilateral current transfers, net               -26        -10,872
  U.S. Government grants (4)                    ...         -2,097
  U.S. Government pensions and
   other transfers                               -1           -525
  Private remittances and other
   transfers (6)                                -25         -8,250

  Capital and financial account

         Capital account

Capital account transactions, net                 2           -154

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -1,111         -7,516
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            259
   U.S. credits and other
     long-term assets                           ...            -58
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            316
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...              1
  U.S. private assets, net                   -1,111         -7,775
   Direct investment                           -576           -856
   Foreign securities                          -659         -6,592
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                    -3           -107
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                  127           -220
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      -3,860         15,181
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            -1            -21
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            583          1,018
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                  -226         -5,603
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                         -1           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) -4,215    (18) -4,581
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             11,539          7,592

Memoranda
Balance on goods (lines 3 and 20)            -7,343        -10,296
Balance on services (lines 4 and 21)            475          4,142
Balance on goods and services
  (lines 2 and 19)                           -6,868         -6,154
Balance on income (lines 12
  and 29)                                       324         1,923
Unilateral current transfers,
  net (line 35)
Balance on current account                      -26        -10,872
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -6,570        -15,103

                                               Other South
                                               and Central
                                                America

  (Credits +, debits -) (1)                   2005: IV      2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       13,756         14,404
  Exports of goods and
     services                                11,767         12,265
   Goods, balance of payments
       basis (2)                              8,202          8,699
   Services (3)                               3,565          3,566
     Transfers under U.S.
       military agency sales
       contracts (4)                            179            181
     Travel                                   1,483          1,331
     Passenger fares                            435            473
     Other transportation                       463            428
     Royalties and license
       fees (5)                                 124            109
     Other private
       services (5)                             860          1,022
     U.S. Government mis-
       cellaneous services                       21             22
  Income receipts                             1,988         21,391
   Income receipts on U.S.
       owned assets abroad                    1,960          2,111
     Direct investment
       receipts                               1,286          1,391
     Other private receipts                     644            707
     U.S. Government
       receipts                                  30             13
   Compensation of employees                     28             28
Imports of goods and services and
   income payments                          -14,748        -15,491
  Imports of goods and services             -13,662        -14,270
   Goods, balance of payments
       basis (7)                            -11,283        -11,727
   Services (3)                              -2,379         -2,543
     Direct defense
       expenditures                             -50            -42
     Travel                                  -1,238         -1,338
     Passenger fares                          -2771           -267
     Other transportation                      -360           -384
     Royalties and license
       fees (5)                                  -2             -1
     Other private
       services (5)                            -390           -451
     U.S. Government mis-
       cellaneous services                      -62            -60
  Income payments                            -1,086         -1,221
   Income payments on foreign-
       owned assets in the
       United States                         -1,068         -1,204
     Direct investment payments                -215           -225
     Other private payments                    -579           -691
     U.S. Government payments                  -274           -288
   Compensation of employees                    -18            -17
Unilateral current transfers, net            -2,650         -2,558
  U.S. Government grants (4)                   -385           -308
  U.S. Government pensions and
   other transfers                             -153            -91
  Private remittances and other
   transfers (6)                             -2,112         -2,159

  Capital and financial account

         Capital account

Capital account transactions, net               -29            -41

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -3,308         -3,594
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                 85             60
   U.S. credits and other
     long-term assets                            -7             -8
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  88             70
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                             4             -2
  U.S. private assets, net                   -3,393         -3,654
   Direct investment                            197         -1,751
   Foreign securities                        -2,280         -1,532
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   -43             93
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               -1,267           -464
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      -2,970          9,858
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           -50            40
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                           (18)            170
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 1,557          1,101
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (18)           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) -4,477     (18) 8,547
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              9,950         -2,578

Memoranda
Balance on goods (lines 3 and 20)            -3,081         -3,028
Balance on services (lines 4 and 21)          1,186          1,023
Balance on goods and services
  (lines 2 and 19)                           -1,895         -2,005
Balance on income (lines 12
  and 29)                                       902            918
Unilateral current transfers,
  net (line 35)
Balance on current account                   -2,650         -2,558
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -3,643         -3,645

                                                  Other
                                                  Western
                                                 Hemisphere

  (Credits +, debits -) (1)                   2005          2005: IV

         Current account

Exports of goods and services
   and income receipts                      102,416         29,593
  Exports of goods and
     services                                31,732          9,345
   Goods, balance of payments
       basis (2)                             15,069          4,000
   Services (3)                              16,663          5,345
     Transfers under U.S.
       military agency sales
       contracts (4)                              7              2
     Travel                                   2,501            662
     Passenger fares                            947            209
     Other transportation                     1,163            324
     Royalties and license
       fees (5)                               1,474            747
     Other private
       services (5)                          10,639         33,931
     U.S. Government mis-
       cellaneous services                       32              8
  Income receipts                            70,684        20,248
   Income receipts on U.S.
       owned assets abroad                   70,660         20,242
     Direct investment
       receipts                              19,709          5,070
     Other private receipts                  50,938         15,167
     U.S. Government
       receipts                                  13              5
   Compensation of employees                     24              6
Imports of goods and services and
   income payments                         -107,106        -30,198
  Imports of goods and services             -43,828        -11,136
   Goods, balance of payments
       basis (7)                            -18,233         -5,070
   Services (3)                             -25,595         -6,066
     Direct defense
       expenditures                             -30             -7
     Travel                                  -4,873         -1,046
     Passenger fares                           -590           -152
     Other transportation                    -3,371           -927
     Royalties and license
       fees (5)                              -1,326           -327
     Other private
       services (5)                         -15,336         -3,589
     U.S. Government mis-
       cellaneous services                     -691            -18
  Income payments                           -63,278        -19,062
   Income payments on foreign-
       owned assets in the
       United States                        -63,177        -19,025
     Direct investment payments                 299           -259
     Other private payments                 -55,936        -16,726
     U.S. Government payments               -75,401         -2,040
   Compensation of employees                   -101            -37
Unilateral current transfers, net              -253           -819
  U.S. Government grants (4)                   -110            -31
  U.S. Government pensions and
   other transfers                              -72            -18
  Private remittances and other
   transfers (6)                                -71           -770

  Capital and financial account

         Capital account

Capital account transactions, net               -41              1

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -46,309         13,146
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)                                     ...            ...
   Special drawing rights                       ...            ...
   Reserve position in the
     International Monetary
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                 89             13
   U.S. credits and other
     long-term assets                           -30            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 117             13
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                             2            ...
  U.S. private assets, net                  -46,398         13,133
   Direct investment                         21,918         16,370
   Foreign securities                        -5,167         -2,494
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns               -24,031        -17,483
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              -39,118         16,740
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                     108,778         17,463
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities                  (18)           (18)
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           ...            ...
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                        -11,564            578
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                57,856          5,816
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (18)           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 62,486    (18) 11,069
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                            -57,485        -29,186

Memoranda
Balance on goods (lines 3 and 20)            -3,164         -1,070
Balance on services (lines 4 and 21)         -8,932           -721
Balance on goods and services
  (lines 2 and 19)                          -12,096         -1,791
Balance on income (lines 12
  and 29)                                     7,406          1,186
Unilateral current transfers,
  net (line 35)
Balance on current account                     -253           -819
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -4,943         -1,424

                                              Other
                                             Western
                                            Hemisphere

  (Credits +, debits -) (1)                 2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       30,922
  Exports of goods and
     services                                 8,619
   Goods, balance of payments
       basis (2)                              4,238
   Services (3)                               4,381
     Transfers under U.S.
       military agency sales
       contracts (4)                              1
     Travel                                     416
     Passenger fares                            178
     Other transportation                       321
     Royalties and license
       fees (5)                                 267
     Other private
       services (5)                           3,189
     U.S. Government mis-
       cellaneous services                        9
  Income receipts                            22,303
   Income receipts on U.S.
       owned assets abroad                   22,297
     Direct investment
       receipts                               5,124
     Other private receipts                  17,171
     U.S. Government
       receipts                                   2
   Compensation of employees                      6
Imports of goods and services and
   income payments                          -32,321
  Imports of goods and services             -11,414
   Goods, balance of payments
       basis (7)                             -4,626
   Services (3)                              -6,788
     Direct defense
       expenditures                              -6
     Travel                                  -1,300
     Passenger fares                           -165
     Other transportation                      -870
     Royalties and license
       fees (5)                                -279
     Other private
       services (5)                          -4,144
     U.S. Government mis-
       cellaneous services                      -24
  Income payments                           -20,907
   Income payments on foreign-
       owned assets in the
       United States                        -20,891
     Direct investment payments                -205
     Other private payments                 -18,598
     U.S. Government payments                -2,088
   Compensation of employees                    -16
Unilateral current transfers, net              -145
  U.S. Government grants (4)                    -42
  U.S. Government pensions and
   other transfers                               19
  Private remittances and other
   transfers (6)                                -84

  Capital and financial account

         Capital account

Capital account transactions, net                 1

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -61,803
  U.S. official reserve
     assets, net                                ...
   Gold (7)                                     ...
   Special drawing rights                       ...
   Reserve position in the
     International Monetary
     Fund                                       ...
   Foreign currencies                           ...
  U.S. Government assets, other
     than official reserve
     assets, net                                  9
   U.S. credits and other
     long-term assets                           ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                   9
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           ...
  U.S. private assets, net                  -61,812
   Direct investment                         -5,454
   Foreign securities                         3,427
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 4,166
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              -63,951
Foreign-owned assets in the United
   States, net (increase/
   financial inflow(+))                      56,917
  Foreign official assets in the
     United States, net                        (18)
   U.S. Government securities                  (18)
     U.S. Treasury secu-
       rities (9)                              (18)
     Other (10)                                (18)
   Other U.S. Government
     liabilities (11)                             2
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)
   Other foreign official
     assests (12)                              (18)
  Other foreign assets in the
     United States, net                        (18)
   Direct investment                            -94
   U.S. Treasury securities                    (18)
   U.S. securities other than
     U.S. Treasury securities                28,342
   U.S. currency                                ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 28,664
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              6,432

Memoranda
Balance on goods (lines 3 and 20)              -388
Balance on services (lines 4 and 21)         -2,407
Balance on goods and services
  (lines 2 and 19)                           -2,795
Balance on income (lines 12
  and 29)                                     1,396
Unilateral current transfers,
  net (line 35)
Balance on current account                     -145
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -1,544

                                             Asia Pacific

Line (Credits +, debits -) (1)             2005          2005:IV

             Current account

 1 Exports of goods and services
       and income receipts                  417,073        109,742
 2   Exports of goods and
         services                           341,341         88,508
 3     Goods, balance of payments
           basis (2)                        237,515         62,328
 4     Services (3)                         103,826         26,180
 5       Transfers under U.S.
           military agency sales
           contracts (4)                      4,103          1,018
 6       Travel                              24,022          5,357
 7       Passenger fares                      5,276          1,429
 8       Other transportation                14,789          4,052
 9       Royalties and license
           fees (5)                          18,262          4,702
10       Other private
           services (5)                      37,013          9,539
11       U.S. Government mis-
           cellaneous services                  361             83
12   Income receipts                         75,732         21,234
13     Income receipts on U.S.
           owned assets abroad               75,367         21,142
14       Direct investment
           receipts                          50,854         14,197
15       Other private receipts              24,119          6,811
16       U.S. Government
           receipts                             394            134
17     Compensation of employees                365             92
18 Imports of goods and services and
       income payments                     -792,581       -213,237
19   Imports of goods and services         -680,985       -181,864
20     Goods, balance of payments
           basis (2)                       -607,148       -162,884
21     Services (3)                         -73,837        -18,980
22       Direct defense
           expenditures                      -4,898         -1,143
23       Travel                             -14,153         -3,378
24       Passenger fares                     -8,143         -2,158
25       Other transportation               -21,899         -5,701
26       Royalties and license
           fees (5)                          -7,399         -1,893
27       Other private
           services (5)                     -16,654           4539
28       U.S. Government mis-
           cellaneous services                 -691           -168
29   Income payments                       -111,596        -31,373
30     Income payments on foreign-
           owned assets in the
           United States                   -110,682        -31,086
31       Direct investment payments         -17,923         -5,161
32       Other private payments             -22,142         -6,424
33       U.S. Government payments           -70,617        -19,501
34     Compensation of employees               -914           -287
35 Unilateral current transfers, net        -13,735         -2,788
36   U.S. Government grants (4)              -2,874           -890
37   U.S. Government pensions and
       other transfers                         -692           -176
38   Private remittances and other
       transfers (6)                        -10,169         -1,722

     Capital and financial account

             Capital account

39 Capital account transactions, net           -793           -196

             Financial account

40 U.S.-owned assets abroad, net
       (increase/financial
       outflow (-))                         -92,369        -42,624
41   U.S. official reserve
         assets, net                            -10             -9
42     Gold (7)                                 ...            ...
43     Special drawing rights                   ...            ...
44     Reserve position in the                  ...            ...
         International Monetary
         Fund                                   -10             -9
45     Foreign currencies
46   U.S. Government assets, other
         than official reserve
         assets, net                            876            186
47     U.S. credits and other
         long-term assets                      -142            -74
48     Repayments on U.S. credits
         and other long-term
         assets (8)                             963            271
49     U.S. foreign currency
         holdings and U.S. short-
         term assets, net                        55            -11
50   U.S. private assets, net               -93,235        -42,801
51     Direct investment                     12,998         -4,423
52     Foreign securities                   -58,594        -23,192
53     U.S. claims on unaffiliated
         foreigners reported by
         U.S. nonbanking concerns             9,063          7,115
54     U.S. claims reported by U.S.
         banks, not included
         elsewhere                          -30,706        -22,301
55 Foreign-owned assets in the United
       States, net (increase/
       financial inflow (+))                347,166        115,883
56   Foreign official assets in the
         United States, net                 161,574         40,128
57     U.S. Government securities              (17)           (17)
58       U.S. Treasury secu-
           rities (9)                          (17)           (17)
59       Other (10)                            (17)           (17)
60     Other U.S. Government
         liabilities (11)                      -669            155
61     U.S. liabilities reported
         by U.S. banks, not in-
         cluded elsewhere                      (17)           (17)
62     Other foreign official
         assests (12)                          (17)           (17)
63   Other foreign assets in the
         United States, net                 185,592         75,755
64     Direct investment                     21,683          8,257
65     U.S. Treasury securities                (17)           (17)
66     U.S. securities other than
         U.S. Treasury securities           126,428         46,844
67     U.S. currency                            ...            ...
68     U.S. liabilities to un-
         affiliated foreigners
         reported by U.S.
         nonbanking concerns                   (17)           (17)
69     U.S. liabilities reported
         by U.S. banks, not in-
         cluded elsewhere                    -7,008         13,203
70 Statistical discrepancy (sum of
     above items with sign
     reversed) (19)                         135,239         33,220

   Memoranda:
71 Balance on goods (lines 3 and 20)       -369,633       -100,556
72 Balance on services (lines 4 and 21)      29,989          7,200
73 Balance on goods and services
     (lines 2 and 19)                      -339,644        -93,356
74 Balance on income (lines 12
     and 29)                                -35,864        -10,139
75 Unilateral current transfers,
     net (line 35)                          -13,735         -2,788
76 Balance on current account
     (lines 1, 18, and 35 or lines
     73, 74, and 75) (13)                  -389,243       -106,283

                                         Asia and       Australia
                                          Pacific

  (Credits +, debits -) (1)              2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                      114,093         32,637
  Exports of goods and
     services                                92,045         23,208
   Goods, balance of payments
       basis (2)                             64,022         15,300
   Services (3)                              28,023          7,908
     Transfers under U.S.
       military agency sales
       contracts (4)                          1,110            478
     Travel                                   5,507          2,244
     Passenger fares                          1,315            559
     Other transportation                     4,033            369
     Royalties and license
       fees (5)                               4,681          1,181
     Other private
       services (5)                          11,292          3,055
     U.S. Government mis-
       cellaneous services                       85             22
  Income receipts                            22,048          9,429
   Income receipts on U.S.
       owned assets abroad                   21,951          9,405
     Direct investment
       receipts                              14,352          5,653
     Other private receipts                   7,512          3,752
     U.S. Government
       receipts                                  87            ...
   Compensation of employees                     97             24
Imports of goods and services and
   income payments                         -204,054        -18,773
  Imports of goods and services            -171,766        -12,207
   Goods, balance of payments
       basis (2)                           -153,058         -7,306
   Services (3)                             -18,708         -4,901
     Direct defense
       expenditures                          -1,139           -148
     Travel                                  -3,376         -1,188
     Passenger fares                         -2,152           -901
     Other transportation                    -5,567           -309
     Royalties and license
       fees (5)                              -1,986           -222
     Other private
       services (5)                          -4,318         -2,037
     U.S. Government mis-
       cellaneous services                     -170            -96
  Income payments                           -32,288         -6,566
   Income payments on foreign-
       owned assets in the
       United States                        -32,000         -6,552
     Direct investment payments              -4,558         -3,731
     Other private payments                  -7,126         -2,055
     U.S. Government payments               -20,316           -766
   Compensation of employees                   -288            -14
Unilateral current transfers, net            -3,550           -245
  U.S. Government grants (4)                   -581            ...
  U.S. Government pensions and
   other transfers                             -175            -66
  Private remittances and other
   transfers (6)                             -2,794           -179

  Capital and financial account

         Capital account

Capital account transactions, net              -213            -32

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -21,982        -11,249
  U.S. official reserve
     assets, net                                 -8            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                        -8            ...
   Foreign currencies                           265              1
  U.S. Government assets, other
     than official reserve
     assets, net                                 -4            ...
   U.S. credits and other
     long-term assets                           276            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  -7              1
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                       -22,239        -11,250
  U.S. private assets, net                   11,498            (D)
   Direct investment                        -18,015        -13,905
   Foreign securities                         1,202            (D)
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 6,072         -3,731
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               61,197          2,717
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                     34,197           (18)
  Foreign official assets in the
     United States, net                        (17)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (17)           (18)
     Other (10)                                (17)           (18)
   Other U.S. Government
     liabilities (11)                            76           -108
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (17)           (18)
   Other foreign official
     assests (12)                              (17)           (18)
  Other foreign assets in the
     United States, net                      27,000           (18)
   Direct investment                           (17)          4,188
   U.S. Treasury securities                    (17)           (18)
   U.S. securities other than
     U.S. Treasury securities                37,507          6,022
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (17)         -1,895
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                        -7,834    (18) -5,490
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             54,509         -5,055

Memoranda:
Balance on goods (lines 3 and 20)           -89,036          7,994
Balance on services (lines 4 and 21)          9,315          3,007
Balance on goods and services
  (lines 2 and 19)                          -79,721         11,001
Balance on income (lines 12
  and 29)                                   -10,240          2,863
Unilateral current transfers,
  net (line 35)                              -3,550           -245
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -93,511         13,619

                                                 Australia

  (Credits +, debits -) (1)              2005:IV       2006:I (p)

         Current account

Exports of goods and services
   and income receipts                        8,691          9,310
  Exports of goods and
     services                                 5,961          6,055
   Goods, balance of payments
       basis (2)                              3,856          4,104
   Services (3)                               2,105          1,951
     Transfers under U.S.
       military agency sales
       contracts (4)                            134             92
     Travel                                     561            458
     Passenger fares                            139            154
     Other transportation                        93             87
     Royalties and license
       fees (5)                                 340            263
     Other private
       services (5)                             832            891
     U.S. Government mis-
       cellaneous services                        6              6
  Income receipts                             2,730          3,255
   Income receipts on U.S.
       owned assets abroad                    2,724          3,248
     Direct investment
       receipts                               1,678          2,089
     Other private receipts                   1,046          1,159
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                      6              7
Imports of goods and services and
   income payments                           -4,603         -4,437
  Imports of goods and services              -3,147         -2,910
   Goods, balance of payments
       basis (2)                             -1,838         -1,826
   Services (3)                              -1,309         -1,084
     Direct defense
       expenditures                             -38            -31
     Travel                                    -292           -279
     Passenger fares                           -252           -212
     Other transportation                       -84            -78
     Royalties and license
       fees (5)                                 -65            -65
     Other private
       services (5)                            -553           -394
     U.S. Government mis-
       cellaneous services                      -25            -25
  Income payments                            -1,456         -1,527
   Income payments on foreign-
       owned assets in the
       United States                         -1,452         -1,523
     Direct investment payments                -693           -711
     Other private payments                    -553           -600
     U.S. Government payments                  -206           -212
   Compensation of employees                     -4             -4
Unilateral current transfers, net               -83            -59
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                              -17            -17
  Private remittances and other
   transfers (6)                                -66            -42

  Capital and financial account

         Capital account

Capital account transactions, net                -8             -8

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                               1,976         -3,838
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                         1,976         -3,838
  U.S. private assets, net                      (D)         -1,166
   Direct investment                         -3,194          1,168
   Foreign securities                           (D)            475
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                -3,550         -1,979
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                1,516          4,931
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           -25             23
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                          1,137           (18)
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 1,915          3,080
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       -627           -322
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                     (18) -884    (18) -2,150
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             -7,489         -5,899

Memoranda:
Balance on goods (lines 3 and 20)             2,018          2,278
Balance on services (lines 4 and 21)            796            867
Balance on goods and services
  (lines 2 and 19)                            2,814          3,145
Balance on income (lines 12
  and 29)                                     1,274          1,728
Unilateral current transfers,
  net (line 35)                                 -83            -59
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                        4,005          4,814

                                                  China

  (Credits +, debits -) (1)                2005          2005:IV

         Current account

Exports of goods and services
   and income receipts                       55,107         15,727
  Exports of goods and
     services                                50,904         14,461
   Goods, balance of payments
       basis (2)                             41,799         12,070
   Services (3)                               9,105          2,391
     Transfers under U.S.
       military agency sales
       contracts (4)                            (*)            (*)
     Travel                                   1,181            280
     Passenger fares                            353             89
     Other transportation                     1,870            531
     Royalties and license
       fees (5)                               1,118            307
     Other private
       services (5)                           4,557          1,178
     U.S. Government mis-
       cellaneous services                       26              6
  Income receipts                             4,203          1,266
   Income receipts on U.S.
       owned assets abroad                    4,167          1,257
     Direct investment
       receipts                               3,333          1,002
     Other private receipts                     763            244
     U.S. Government
       receipts                                  71             11
   Compensation of employees                     36              9
Imports of goods and services and
   income payments                         -273,256        -75,809
  Imports of goods and services            -250,009        -68,911
   Goods, balance of payments
       basis (2)                           -243,472        -67,295
   Services (3)                              -6,537         -1,616
     Direct defense
       expenditures                              -4             -1
     Travel                                  -2,104           -432
     Passenger fares                            487           -125
     Other transportation                    -3,036           -813
     Royalties and license
       fees (5)                                 -63            -11
     Other private
       services (5)                            -817           -227
     U.S. Government mis-
       cellaneous services                      -26             -7
  Income payments                           -23,247         -6,898
   Income payments on foreign-
       owned assets in the
       United States                        -22,899         -6,799
     Direct investment payments                 -11             20
     Other private payments                  -2,977           -940
     U.S. Government payments               -19,911         -5,879
   Compensation of employees                   -348            -99
Unilateral current transfers, net            -1,928           -437
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                               -4             -1
  Private remittances and other
   transfers (6)                             -1,924           -436

  Capital and financial account

         Capital account

Capital account transactions, net              -141            -35

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -3,945          2,027
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                           139             24
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           138             23
   Repayments on U.S. credits
     and other long-term
     assets (8)                                   1              1
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                        -4,084          2,003
  U.S. private assets, net                   -1,613           -850
   Direct investment                          3,181            364
   Foreign securities                          -278           -113
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                -5,374          2,602
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                              193,455         43,957
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           ...           ...
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                             49           -336
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                13,130          4,289
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                     -1,218            -91
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                  (18) 181,494    (18) 40,095
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             30,708         14,570

Memoranda:
Balance on goods (lines 3 and 20)          -201,673        -55,225
Balance on services (lines 4 and 21)          2,568            775
Balance on goods and services
  (lines 2 and 19)                         -199,105        -54,540
Balance on income (lines 12
  and 29)                                   -19,044         -5,632
Unilateral current transfers,
  net (line 35)                              -1,928           -437
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                     -220,077        -60,519

                                          China        Hong Kong

  (Credits +, debits -) (1)             2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                       16,421         26,369
  Exports of goods and
     services                                15,226         20,029
   Goods, balance of payments
       basis (2)                             12,483         16,319
   Services (3)                               2,743          3,710
     Transfers under U.S.
       military agency sales
       contracts (4)                            (*)            (*)
     Travel                                     254            447
     Passenger fares                             91            146
     Other transportation                       524            452
     Royalties and license
       fees (5)                                 281            518
     Other private
       services (5)                           1,587          2,129
     U.S. Government mis-
       cellaneous services                        6             18
  Income receipts                             1,195          6,340
   Income receipts on U.S.
       owned assets abroad                    1,186          6,276
     Direct investment
       receipts                                 925          5,072
     Other private receipts                     240          1,195
     U.S. Government
       receipts                                  21              9
   Compensation of employees                      9             64
Imports of goods and services and
   income payments                          -69,025        -18,266
  Imports of goods and services             -61,456        -13,845
   Goods, balance of payments
       basis (2)                            -59,816         -8,925
   Services (3)                              -1,640         -4,920
     Direct defense
       expenditures                              -1             -6
     Travel                                    -492         -1,084
     Passenger fares                           -120           -873
     Other transportation                      -807         -1,225
     Royalties and license
       fees (5)                                 -15            -41
     Other private
       services (5)                            -199         -1,646
     U.S. Government mis-
       cellaneous services                       -6            -45
  Income payments                            -7,569          4,421
   Income payments on foreign-
       owned assets in the
       United States                         -7,469          4,406
     Direct investment payments                  26           -500
     Other private payments                  -1,072         -1,577
     U.S. Government payments                -6,423         -2,329
   Compensation of employees                   -100            -15
Unilateral current transfers, net              -570            -97
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                               -1             -8
  Private remittances and other
   transfers (6)                               -569            -89

  Capital and financial account

         Capital account

Capital account transactions, net               -37             -4

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                                -894        -13,664
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                            44             28
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                            43             28
   Repayments on U.S. credits
     and other long-term
     assets (8)                                   1            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                          -938        -13,692
  U.S. private assets, net                     -939         -4,168
   Direct investment                          1,619         -6,590
   Foreign securities                           397           -299
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                -2,015         -2,635
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               46,436         31,636
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           ...            ...
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                           -53           1,143
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 7,239         25,661
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        -36            148
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 39,286     (18) 4,684
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              7,669        -25,974

Memoranda:
Balance on goods (lines 3 and 20)           -47,333          7,394
Balance on services (lines 4 and 21)          1,103         -1,210
Balance on goods and services
  (lines 2 and 19)                          -46,230          6,184
Balance on income (lines 12
  and 29)                                    -6,374          1,919
Unilateral current transfers,
  net (line 35)                                -570            -97
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -53,174          8,006

                                                 Hong Kong

  (Credits +, debits -) (1)              2005:IV       2006:I (p)

         Current account

Exports of goods and services
   and income receipts                        6,754          6,903
  Exports of goods and
     services                                 4,997          5,040
   Goods, balance of payments
       basis (2)                              4,029          3,984
   Services (3)                                 968          1,056
     Transfers under U.S.
       military agency sales
       contracts (4)                            (*)            (*)
     Travel                                      81            110
     Passenger fares                             26             47
     Other transportation                       120            126
     Royalties and license
       fees (5)                                 142            142
     Other private
       services (5)                             594            626
     U.S. Government mis-
       cellaneous services                        5              5
  Income receipts                             1,757          1,863
   Income receipts on U.S.
       owned assets abroad                    1,741          1,846
     Direct investment
       receipts                               1,395          1,454
     Other private receipts                     346            388
     U.S. Government
       receipts                                 ...              4
   Compensation of employees                     16             17
Imports of goods and services and
   income payments                           -5,205         -4,816
  Imports of goods and services              -3,862         -3,223
   Goods, balance of payments
       basis (2)                             -2,564         -1,953
   Services (3)                              -1,298         -1,270
     Direct defense
       expenditures                              -1             -1
     Travel                                    -247           -274
     Passenger fares                           -266           -227
     Other transportation                      -317           -321
     Royalties and license
       fees (5)                                 -12            -10
     Other private
       services (5)                            -444            426
     U.S. Government mis-
       cellaneous services                      -11            -11
  Income payments                            -1,343         -1,593
   Income payments on foreign-
       owned assets in the
       United States                         -1,338         -1,588
     Direct investment payments                -140           -156
     Other private payments                    -505           -608
     U.S. Government payments                  -693           -824
   Compensation of employees                     -5             -5
Unilateral current transfers, net               -20            -34
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                               -2             -2
  Private remittances and other
   transfers (6)                                -18            -32

  Capital and financial account

         Capital account

Capital account transactions, net                -1             -1

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -4,800         -8,425
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                           ...             14
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           ...             14
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                        -4,800         -8,439
  U.S. private assets, net                   -1,482           -703
   Direct investment                         -1,781         -7,913
   Foreign securities                          -130           -217
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                  -130            394
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               -1,407         16,553
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                      9,153           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           ...            ...
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                              8            222
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 7,175         11,396
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                          8             83
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 1,962     (18) 4,852
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             -5,881        -10,180

Memoranda:
Balance on goods (lines 3 and 20)             1,465          2,031
Balance on services (lines 4 and 21)           -330           -214
Balance on goods and services
  (lines 2 and 19)                            1,135          1,817
Balance on income (lines 12
  and 29)                                       414            270
Unilateral current transfers,
  net (line 35)                                 -20            -34
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                        1,529          2,053

                                                   India

  (Credits +, debits -) (1)                2005          2005:IV

         Current account

Exports of goods and services
   and income receipts                       15,014          3,606
  Exports of goods and
     services                                13,230          3,153
   Goods, balance of payments
       basis (2)                              7,972          2,026
   Services (3)                               5,258          1,127
     Transfers under U.S.
       military agency sales
       contracts (4)                             18              6
     Travel                                   1,519            259
     Passenger fares                             98             83
     Other transportation                       390            107
     Royalties and license
       fees (5)                                 198             55
     Other private
       services (5)                           2,989            605
     U.S. Government mis-
       cellaneous services                       46             12
  Income receipts                             1,784            453
   Income receipts on U.S.
       owned assets abroad                    1,768            449
     Direct investment
       receipts                               1,097            263
     Other private receipts                     640            180
     U.S. Government
       receipts                                  31              6
   Compensation of employees                     16              4
Imports of goods and services and
   income payments                          -25,236         -7,112
  Imports of goods and services             -23,844         -6,592
   Goods, balance of payments
       basis (2)                            -18,803         -5,130
   Services (3)                              -5,041         -1,462
     Direct defense
       expenditures                              -5             -1
     Travel                                  -1,493           -460
     Passenger fares                           -187            -48
     Other transportation                      -302            -92
     Royalties and license
       fees (5)                                 -13             -4
     Other private
       services (5)                          -3,021           -852
     U.S. Government mis-
       cellaneous services                      -20             -5
  Income payments                            -1,392           -520
   Income payments on foreign-
       owned assets in the
       United States                         -1,221           -463
     Direct investment payments                 (D)            (D)
     Other private payments                     (D)            (D)
     U.S. Government payments                  -460           -106
   Compensation of employees                   -171            -57
Unilateral current transfers, net            -1,974           -445
  U.S. Government grants (4)                   -140            -44
  U.S. Government pensions and
   other transfers                              -17             -4
  Private remittances and other
   transfers (6)                             -1,817           -397

  Capital and financial account

         Capital account

Capital account transactions, net              -189            -47

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -1,986            391
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                           263             76
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           207             83
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  56             -7
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                        -2,249            315
  U.S. private assets, net                     -737           -150
   Direct investment                         -1,562             78
   Foreign securities                           219            135
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                  -169            252
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                3,838          2,709
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            31              3
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            726            298
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                  -183            -26
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                         45             19
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 3,219     (18) 2,415
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             10,533            898

Memoranda:
Balance on goods (lines 3 and 20)           -10,831         -3,104
Balance on services (lines 4 and 21)            217           -335
Balance on goods and services
  (lines 2 and 19)                          -10,614         -3,439
Balance on income (lines 12
  and 29)                                       392            -67
Unilateral current transfers,
  net (line 35)                              -1,974           -445
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -12,196         -3,951

                                          India          Japan

  (Credits +, debits -) (1)             2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                        4,168        118,725
  Exports of goods and
     services                                 3,687         95,782
   Goods, balance of payments
       basis (2)                              2,120         53,264
   Services (3)                               1,567         42,518
     Transfers under U.S.
       military agency sales
       contracts (4)                              1            629
     Travel                                     298         12,719
     Passenger fares                            (*)          3,801
     Other transportation                       111          4,314
     Royalties and license
       fees (5)                                  54          8,706
     Other private
       services (5)                           1,091         12,275
     U.S. Government mis-
       cellaneous services                       12             74
  Income receipts                               481         22,943
   Income receipts on U.S.
       owned assets abroad                      477         22,868
     Direct investment
       receipts                                 279         11,381
     Other private receipts                     188         11,477
     U.S. Government
       receipts                                  10             10
   Compensation of employees                      4             75
Imports of goods and services and
   income payments                           -7,005       -218,132
  Imports of goods and services              -6,635       -161,855
   Goods, balance of payments
       basis (2)                             -5,265       -138,008
   Services (3)                              -1,370        -23,847
     Direct defense
       expenditures                              -2         -1,426
     Travel                                    -390         -2,788
     Passenger fares                            -48         -1,260
     Other transportation                       -92         -6,585
     Royalties and license
       fees (5)                                  -3         -6,955
     Other private
       services (5)                            -830         -4,696
     U.S. Government mis-
       cellaneous services                       -5           -135
  Income payments                              -370        -56,277
   Income payments on foreign-
       owned assets in the
       United States                           -313        -56,167
     Direct investment payments                -118        -12,334
     Other private payments                     -90         -9,669
     U.S. Government payments                  -105        -34,164
   Compensation of employees                    -57           -110
Unilateral current transfers, net              -589            739
  U.S. Government grants (4)                    -25            ...
  U.S. Government pensions and
   other transfers                               -5           -163
  Private remittances and other
   transfers (6)                               -559            902

  Capital and financial account

         Capital account

Capital account transactions, net               -51             12

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                                 288        -49,466
  U.S. official reserve
     assets, net                                ...            -10
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            -10
   Foreign currencies                            29             -2
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                            35            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  -6             -2
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                           259        -49,454
  U.S. private assets, net                     -453         -7,636
   Direct investment                            383        -32,648
   Foreign securities                            55            355
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   274         -9,525
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               -1,232         60,551
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                             2         -1,165
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            113         14,044
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   -64         61,096
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                          4            -16
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) -1,287   (18) -13,408
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              4,421        -84,744

Memoranda:
Balance on goods (lines 3 and 20)            -3,145        -84,744
Balance on services (lines 4 and 21)            197         18,671
Balance on goods and services
  (lines 2 and 19)                           -2,948        -66,073
Balance on income (lines 12
  and 29)                                       111         33,334
Unilateral current transfers,
  net (line 35)                                -589            739
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -3,426        -98,668

                                                  Japan

  (Credits +, debits -) (1)              2005:IV      2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       31,244         31,893
  Exports of goods and
     services                                24,692         24,971
   Goods, balance of payments
       basis (2)                             13,712         13,886
   Services (3)                              10,980         11,085
     Transfers under U.S.
       military agency sales
       contracts (4)                            291            144
     Travel                                   2,973          3,145
     Passenger fares                          1,019            936
     Other transportation                     1,161          1,148
     Royalties and license
       fees (5)                               2,123          2,247
     Other private
       services (5)                           3,399          3,450
     U.S. Government mis-
       cellaneous services                       14             15
  Income receipts                             6,552          6,922
   Income receipts on U.S.
       owned assets abroad                    6,533          6,903
     Direct investment
       receipts                               3,300          3,193
     Other private receipts                   3,224          3,702
     U.S. Government
       receipts                                   9              8
   Compensation of employees                     19             19
Imports of goods and services and
   income payments                          -57,299        -57,153
  Imports of goods and services             -41,804        -41,588
   Goods, balance of payments
       basis (2)                            -35,836        -35,460
   Services (3)                              -5,968         -6,128
     Direct defense
       expenditures                            -337           -360
     Travel                                    -548           -655
     Passenger fares                           -335           -315
     Other transportation                    -1,682         -1,629
     Royalties and license
       fees (5)                              -1,774         -1,867
     Other private
       services (5)                          -1,260         -1,269
     U.S. Government mis-
       cellaneous services                      -32            -33
  Income payments                           -15,495        -15,565
   Income payments on foreign-
       owned assets in the
       United States                        -15,461        -15,530
     Direct investment payments              -3,704         -3,550
     Other private payments                  -2,667         -2,907
     U.S. Government payments                -9,090         -9,073
   Compensation of employees                    -34            -35
Unilateral current transfers, net               644             75
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                              -43            -41
  Private remittances and other
   transfers (6)                                685            116

  Capital and financial account

         Capital account

Capital account transactions, net                 3              3

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                             -37,506         -7,338
  U.S. official reserve
     assets, net                                 -9             -8
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                        -9             -8
   Foreign currencies                             1              1
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                   1              1
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                       -37,498         -7,331
  U.S. private assets, net                     -128         -2,163
   Direct investment                        -16,705         -2,399
   Foreign securities                          -402             82
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns               -20,263         -2,851
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               35,055        -15,850
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                          -183             -6
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                          6,128            549
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                29,584          8,849
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        -22           -184
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                     (18) -452   (18) -25,058
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             27,859         48,370

Memoranda:
Balance on goods (lines 3 and 20)           -22,124        -21,574
Balance on services (lines 4 and 21)          5,012          4,957
Balance on goods and services
  (lines 2 and 19)                          -17,112        -16,617
Balance on income (lines 12
  and 29)                                    -8,943         -8,643
Unilateral current transfers,
  net (line 35)                                 644             75
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -25,411        -25,185

                                             Korea, Republic of

  (Credits +, debits -) (1)                2005          2005:IV

         Current account

Exports of goods and services
   and income receipts                       43,082         10,961
  Exports of goods and
     services                                38,172          9,555
   Goods, balance of payments
       basis (2)                             27,135          7,007
   Services (3)                              11,037          2,548
     Transfers under U.S.
       military agency sales
       contracts (4)                            717             92
     Travel                                   2,551            499
     Passenger fares                             57              9
     Other transportation                     2,479            699
     Royalties and license
       fees (5)                               2,011            516
     Other private
       services (5)                           3,200            727
     U.S. Government mis-
       cellaneous services                       22              6
  Income receipts                             4,910          1,406
   Income receipts on U.S.
       owned assets abroad                    4,890          1,401
     Direct investment
       receipts                               2,655            767
     Other private receipts                   2,224            627
     U.S. Government
       receipts                                  11              7
   Compensation of employees                     20              5
Imports of goods and services and
   income payments                          -57,306        -15,018
  Imports of goods and services             -51,726        -13,226
   Goods, balance of payments
       basis (2)                            -43,781        -11,325
   Services (3)                              -7,945         -1,901
     Direct defense
       expenditures                          -1,623           -368
     Travel                                  -1,002           -201
     Passenger fares                         -1,281           -308
     Other transportation                    -3,434           -868
     Royalties and license
       fees (5)                                 -23             -3
     Other private

       services (5)                            -564           -148
     U.S. Government mis-
       cellaneous services                      -18             -5
  Income payments                            -5,580         -1,792
   Income payments on foreign-
       owned assets in the
       United States                         -5,459         -1,753
     Direct investment payments                -330           -304
     Other private payments                    -756           -245
     U.S. Government payments                -4,373         -1,204
   Compensation of employees                   -121            -39
Unilateral current transfers, net              -578           -103
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                              -50            -13
  Private remittances and other
   transfers (6)                               -528            -90

  Capital and financial account

         Capital account

Capital account transactions, net               -25             -6

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -2,636         -1,237
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                            47             22
  U.S. Government assets, other
     than official reserve
     assets, net                                 -2            ...
   U.S. credits and other
     long-term assets                            44             23
   Repayments on U.S. credits
     and other long-term
     assets (8)                                   5             -1
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                        -2,683         -1,259
  U.S. private assets, net                   -1,687           -603
   Direct investment                             48           -274
   Foreign securities                           228            -28
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                -1,272           -354
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               22,482          9,538
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            78             61
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            815            905
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 1,685            447
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                      1,033             -5
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) 18,871     (18) 8,130
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             -5,019         -4,135

Memoranda:
Balance on goods (lines 3 and 20)           -16,646         -4,318
Balance on services (lines 4 and 21)          3,092            647
Balance on goods and services
  (lines 2 and 19)                           13,554         -3,671
Balance on income (lines 12
  and 29)                                      -670           -386
Unilateral current transfers,
  net (line 35)                                -578           -103
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       14,802         -4,160

                                         Korea,        Singapore
                                       Republic of

  (Credits +, debits -) (1)             2006:I (p)        2005

         Current account

Exports of goods and services
   and income receipts                       12,350         37,956
  Exports of goods and
     services                                10,891         26,236
   Goods, balance of payments
       basis (2)                              7,763         20,259
   Services (3)                               3,128          5,977
     Transfers under U.S.
       military agency sales
       contracts (4)                            249            193
     Travel                                     580            412
     Passenger fares                             19             12
     Other transportation                       667            619
     Royalties and license
       fees (5)                                 547          2,446
     Other private
       services (5)                           1,060          2,261
     U.S. Government mis-
       cellaneous services                        6             34
  Income receipts                             1,459         11,720
   Income receipts on U.S.
       owned assets abroad                    1,454         11,700
     Direct investment
       receipts                                 801         10,729
     Other private receipts                     652            971
     U.S. Government
       receipts                                   1            ...
   Compensation of employees                      5             20
Imports of goods and services and
   income payments                          -14,650        -23,437
  Imports of goods and services             -13,092        -19,093
   Goods, balance of payments
       basis (2)                            -11,210        -15,091
   Services (3)                              -1,882         -4,002
     Direct defense
       expenditures                            -350           -260
     Travel                                    -208           -549
     Passenger fares                           -329           -308
     Other transportation                      -843         -1,111
     Royalties and license
       fees (5)                                  -6            -24
     Other private
       services (5)                            -141         -1,733
     U.S. Government mis-
       cellaneous services                       -5            -17
  Income payments                            -1,558         -4,344
   Income payments on foreign-
       owned assets in the
       United States                         -1,519         -4,337
     Direct investment payments                  38             -8
     Other private payments                    -279         -2,663
     U.S. Government payments                -1,278         -1,666
   Compensation of employees                    -39             -7
Unilateral current transfers, net              -216            -17
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                              -12             -5
  Private remittances and other
   transfers (6)                               -204            -12

  Capital and financial account

         Capital account

Capital account transactions, net                -7            ...

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                               1,901          9,305
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                             6            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                            6             ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                         1,895          9,305
  U.S. private assets, net                   -1,130         10,407
   Direct investment                         -2,215            924
   Foreign securities                            72           -505
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 5,168         -1,521
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                4,842          4,969
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                          -108             75
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            407            448
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   503          7,963
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                         18           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) -4,220     (18) -3517
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             -4,220         28,776

Memoranda:
Balance on goods (lines 3 and 20)            -3,447          5,168
Balance on services (lines 4 and 21)          1,246          1,975
Balance on goods and services
  (lines 2 and 19)                           -2,201          7,143
Balance on income (lines 12
  and 29)                                       -99          7,376
Unilateral current transfers,
  net (line 35)                                -216            -17
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -2,516         14,502

                                                  Singapore

  (Credits +, debits -) (1)              2005:IV      2006:I (p)

         Current account

Exports of goods and services
   and income receipts                        9,949         10,246
  Exports of goods and
     services                                 6,741          6,899
   Goods, balance of payments
       basis (2)                              5,179          5,266
   Services (3)                               1,562          1,633
     Transfers under U.S.
       military agency sales
       contracts (4)                             33            153
     Travel                                     107             88
     Passenger fares                              4              3
     Other transportation                       166            172
     Royalties and license
       fees (5)                                 632            583
     Other private
       services (5)                             611            625
     U.S. Government mis-
       cellaneous services                        9              9
  Income receipts                             3,208          3,347
   Income receipts on U.S.
       owned assets abroad                    3,203          3,341
     Direct investment
       receipts                               2,940          3,062
     Other private receipts                     263            279
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                      5              6
Imports of goods and services and
   income payments                           -6,258         -6,264
  Imports of goods and services              -5,087         -5,049
   Goods, balance of payments
       basis (2)                             -4,031         -4,025
   Services (3)                              -1,056         -1,024
     Direct defense
       expenditures                             -32            -67
     Travel                                    -161           -107
     Passenger fares                            -81            -78
     Other transportation                      -289           -281
     Royalties and license
       fees (5)                                  -8             -6
     Other private
       services (5)                            -481           -480
     U.S. Government mis-
       cellaneous services                       -4             -5
  Income payments                            -1,171         -1,215
   Income payments on foreign-
       owned assets in the
       United States                         -1,168         -1,212
     Direct investment payments                   6              9
     Other private payments                    -744           -788
     U.S. Government payments                  -430           -433
   Compensation of employees                     -3             -3
Unilateral current transfers, net                -5            -14
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                               -2             -1
  Private remittances and other
   transfers (6)                                 -3            -13

  Capital and financial account

         Capital account

Capital account transactions, net               ...            ...

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -1,275         -5,341
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                           ...            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                        -1,275         -5,341
  U.S. private assets, net                   -1,612         -3,652
   Direct investment                             94         -2,062
   Foreign securities                          -662             31
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   905            342
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                1,472           -373
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                            17            -48
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                             24            119
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 1,304          2,200
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (18)           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                      (18) 127    (18) -2,644
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             -3,883          1,746

Memoranda:
Balance on goods (lines 3 and 20)             1,148          1,241
Balance on services (lines 4 and 21)            506            609
Balance on goods and services
  (lines 2 and 19)                            1,654          1,850
Balance on income (lines 12
  and 29)                                     2,037          2,132
Unilateral current transfers,
  net (line 35)                                  -5            -14
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                        3,686          3,968

                                          Taiwan       Other Asia
                                                       and Pacific

  (Credits +, debits -) (1)                2005          2005:IV

         Current account

Exports of goods and services
   and income receipts                       32,164          7,785
  Exports of goods and
     services                                29,243          7,039
   Goods, balance of payments
       basis (2)                             21,453          5,134
   Services (3)                               7,790          1,905
     Transfers under U.S.
       military agency sales
       contracts (4)                          1,392            283
     Travel                                     881            155
     Passenger fares                             12              1
     Other transportation                     2,263            617
     Royalties and license
       fees (5)                               1,337            387
     Other private
       services (5)                           1,886            456
     U.S. Government mis-
       cellaneous services                       19              4
  Income receipts                             2,921            746
   Income receipts on U.S.
       owned assets abroad                    2,905            742
     Direct investment
       receipts                               1,751            432
     Other private receipts                   1,154            310
     U.S. Government
       receipts                                 ...            ...
   Compensation of employees                     16              4
Imports of goods and services and
   income payments                          -47,854        -12,418
  Imports of goods and services             -41,539        -10,764
   Goods, balance of payments
       basis (2)                            -34,827         -9,040
   Services (3)                              -6,712         -1,724
     Direct defense
       expenditures                            -306            -77
     Travel                                    -885           -223
     Passenger fares                         -1,229           -323
     Other transportation                    -3,810           -982
     Royalties and license
       fees (5)                                 -37             -9
     Other private
       services (5)                            -438           -108
     U.S. Government mis-
       cellaneous services                       -7             -2
  Income payments                            -6,315         -1,654
   Income payments on foreign-
       owned assets in the
       United States                         -6,268         -1,637
     Direct investment payments                -337            (D)
     Other private payments                  -1,197            (D)
     U.S. Government payments                -4,734         -1,265
   Compensation of employees                    -47            -17
Unilateral current transfers, net              -443           -108
  U.S. Government grants (4)                    ...            ...
  U.S. Government pensions and
   other transfers                               -4             -1
  Private remittances and other
   transfers (6)                               -439           -107

  Capital and financial account

         Capital account

Capital account transactions, net               -24             -6

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                              -3,459         -1,759
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                             3            ...
  U.S. Government assets, other
     than official reserve
     assets, net                                ...            ...
   U.S. credits and other
     long-term assets                           ...            ...
   Repayments on U.S. credits
     and other long-term
     assets (8)                                   3            ...
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                        -3,462         -1,759
  U.S. private assets, net                      (D)            (D)
   Direct investment                        -5,036          -1,140
   Foreign securities                           (D)            (D)
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 1,931           -592
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                               10,763          5,386
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                          -199             27
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            258            -52
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                -8,981          1,897
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                        535            305
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 1,188     (18) 3,209
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              8,853          1,120

Memoranda:
Balance on goods (lines 3 and 20)           -13,374         -3,906
Balance on services (lines 4 and 21)          1,078            181
Balance on goods and services
  (lines 2 and 19)                          -12,296         -3,725
Balance on income (lines 12
  and 29)                                    -3,394           -908
Unilateral current transfers,
  net (line 35)                                -443           -108
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -16,133          -4,741

                                          Taiwan       Other Asia
                                                       and Pacific

  (Credits +, debits -) (1)             2006:I (p)          2005

         Current account

Exports of goods and services
   and income receipts                        7,774         56,018
  Exports of goods and
     services                                 7,035         44,536
   Goods, balance of payments
       basis (2)                              4,928         34,014
   Services (3)                               2,107         10,522
     Transfers under U.S.
       military agency sales
       contracts (4)                            264            675
     Travel                                     205          2,068
     Passenger fares                              5            238
     Other transportation                       643          2,033
     Royalties and license
       fees (5)                                 362            747
     Other private
       services (5)                             624          4,661
     U.S. Government mis-
       cellaneous services                        4            100
  Income receipts                               739         11,482
   Income receipts on U.S.
       owned assets abroad                      734         11,388
     Direct investment
       receipts                                 423          9,183
     Other private receipts                     311          1,943
     U.S. Government
       receipts                                 ...            262
   Compensation of employees                      5             94
Imports of goods and services and
   income payments                          -12,181       -110,321
  Imports of goods and services             -10,403       -106,867
   Goods, balance of payments
       basis (2)                             -8,758        -96,935
   Services (3)                              -1,645         -9,932
     Direct defense
       expenditures                             -47         -1,120
     Travel                                    -195         -3,060
     Passenger fares                           -325         -1,617
     Other transportation                      -959         -2,087
     Royalties and license
       fees (5)                                  -8            -21
     Other private
       services (5)                            -109         -1,700
     U.S. Government mis-
       cellaneous services                       -2           -327
  Income payments                            -1,778         -3,454
   Income payments on foreign-
       owned assets in the
       United States                         -1,761         -3,373
     Direct investment payments                 -68           -113
     Other private payments                    -389         -1,046
     U.S. Government payments                -1,304         -2,214
   Compensation of employees                    -17            -81
Unilateral current transfers, net              -138         -9,192
  U.S. Government grants (4)                    ...         -2,734
  U.S. Government pensions and
   other transfers                               -1           -375
  Private remittances and other
   transfers (6)                               -137         -6,083

  Capital and financial account

         Capital account

Capital account transactions, net                -6           -390

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                                 -71        -15,269
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                           ...            397
  U.S. Government assets, other
     than official reserve
     assets, net                                ...           -140
   U.S. credits and other
     long-term assets                           ...            546
   Repayments on U.S. credits
     and other long-term
     assets (8)                                 ...             -9
   U.S. foreign currency
     holdings and U.S. short-
     term assets, ne t                          -71        -15,666
  U.S. private assets, net                     -474         -4,175
   Direct investment                         -1,924         -3,006
   Foreign securities                            22            -75
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                 2,305         -8,410
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                1,122         16,755
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                          -264            619
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                             15             12
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                 3,689          2,073
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                         20           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                   (18) -2,338    (18) 14,051
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                              3,500         62,399

Memoranda:
Balance on goods (lines 3 and 20)            -3,830        -62,921
Balance on services (lines 4 and 21)            462            590
Balance on goods and services
  (lines 2 and 19)                           -3,368        -62,331
Balance on income (lines 12
  and 29)                                    -1,039          8,028
Unilateral current transfers,
  net (line 35)                                -138         -9,192
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                       -4,545        -63,495

                                           Other Asia and Pacific

  (Credits +, debits -) (1)              2005:IV        2006:I (p)

         Current account

Exports of goods and services
   and income receipts                       15,025         15,028
  Exports of goods and
     services                                11,909         12,241
   Goods, balance of payments
       basis (2)                              9,315          9,488
   Services (3)                               2,594          2,753
     Transfers under U.S.
       military agency sales
       contracts (4)                            179            207
     Travel                                     442            369
     Passenger fares                             59             60
     Other transportation                       558            555
     Royalties and license
       fees (5)                                 200            202
     Other private
       services (5)                           1,135          1,338
     U.S. Government mis-
       cellaneous services                       21             22
  Income receipts                             3,116          2,787
   Income receipts on U.S.
       owned assets abroad                    3,092          2,762
     Direct investment
       receipts                               2,420          2,126
     Other private receipts                     571            593
     U.S. Government
       receipts                                 101             43
   Compensation of employees                     24             25
Imports of goods and services and
   income payments                          -29,515        -28,522
  Imports of goods and services             -28,471        -27,410
   Goods, balance of payments
       basis (2)                            -25,825        -24,745
   Services (3)                              -2,646         -2,665
     Direct defense
       expenditures                            -288           -280
     Travel                                    -814           -776
     Passenger fares                           -420           -498
     Other transportation                      -574           -557
     Royalties and license
       fees (5)                                  -7             -6
     Other private
       services (5)                            -466           -470
     U.S. Government mis-
       cellaneous services                      -77            -78
  Income payments                            -1,044         -1,112
   Income payments on foreign-
       owned assets in the
       United States                        -10,151         -1,084
     Direct investment payments                 -31            -27
     Other private payments                    -356           -393
     U.S. Government payments                  -628           -664
   Compensation of employees                    -29            -28
Unilateral current transfers, net            -2,231         -2,005
  U.S. Government grants (4)                   -846           -556
  U.S. Government pensions and
   other transfers                              -95            -95
  Private remittances and other
   transfers (6)                             -1,290         -1,354

  Capital and financial account

         Capital account

Capital account transactions, net               -96           -106

         Financial account

U.S.-owned assets abroad, net
   (increase/financial
   outflow (-))                                -441          1,736
  U.S. official reserve
     assets, net                                ...            ...
   Gold (7)
   Special drawing rights                       ...            ...
   Reserve position in the                      ...            ...
     International Monetary                     ...            ...
     Fund                                       ...            ...
   Foreign currencies                            63            171
  U.S. Government assets, other
     than official reserve
     assets, net                                -74             -4
   U.S. credits and other
     long-term assets                           142            178
   Repayments on U.S. credits
     and other long-term
     assets (8)                                  -5             -3
   U.S. foreign currency
     holdings and U.S. short-
     term assets, net                          -504          1,565
  U.S. private assets, net                      -58           -818
   Direct investment                           -634         -2,336
   Foreign securities                            82            285
   U.S. claims on unaffiliated
     foreigners reported by
     U.S. nonbanking concerns                   106          4,434
   U.S. claims reported by U.S.
     banks, not included
     elsewhere                                7,097          4,769
Foreign-owned assets in the United
   States, net (increase/
   financial inflow (+))                       (18)           (18)
  Foreign official assets in the
     United States, net                        (18)           (18)
   U.S. Government securities
     U.S. Treasury secu-
       rities (9)                              (18)           (18)
     Other (10)                                (18)           (18)
   Other U.S. Government
     liabilities (11)                           255            477
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                          (18)           (18)
   Other foreign official
     assests (12)                              (18)           (18)
  Other foreign assets in the
     United States, net                        (18)           (18)
   Direct investment                            145             81
   U.S. Treasury securities                    (18)           (18)
   U.S. securities other than
     U.S. Treasury securities                   259            615
   U.S. currency                                ...            ...
   U.S. liabilities to un-
     affiliated foreigners
     reported by U.S.
     nonbanking concerns                       (18)           (18)
   U.S. liabilities reported
     by U.S. banks, not in-
     cluded elsewhere                    (18) 6,438     (18) 3,596
Statistical discrepancy (sum of
  above items with sign
  reversed) (19)                             10,161          9,100

Memoranda:
Balance on goods (lines 3 and 20)           -16,510        -15,257
Balance on services (lines 4 and 21)            -52             88
Balance on goods and services
  (lines 2 and 19)                          -16,562        -15,169
Balance on income (lines 12
  and 29)                                     2,072          1,675
Unilateral current transfers,
  net (line 35)                              -2,231         -2,005
Balance on current account
  (lines 1, 18, and 35 or lines
  73, 74, and 75) (13)                      -16,721        -15,499

Line (Credits +, debits -) (1)                      Middle East
                                            2005     2005: IV    2006
                                                                  (p)
     Current account

  1  Exports of goods and services
             and income receipts           55,326     15,147     15,116
  2    Exports of goods and services       48,824     13,398     13,140
  3      Goods, balance of payments
             basis (2)                     29,760      8,691      8,677
  4      Services (3)                      19,064      4,707      4,463
  5        Transfers under U.S. military
             agency sales contracts (4)     9,285      2,057      1,815
  6        Travel                           1,819        382        298
  7        Passenger fares                    250         64         67
  8        Other transportation             1,971        538        516
  9        Royalties and license fees (5)     397        131        111
 10        Other private services (5)       5,228      1,510      1,632
 11        U.S. Government miscellaneous
             services                         114         25         24
 12    Income receipts                      6,502      1,749      1,976
 13      Income receipts on U.S. owned
             assets abroad                  6,410      1,726      1,952
 14        Direct investment receipts       4,670      1,254      1,445
 15        Other private receipts           1,549        452        479
 16        U.S. Government receipts           191         20         28
 17      Compensation of employees             92         23         24
 18  Imports of goods and services and
             income payments              -87,560    -23,472    -22,636
 19    Imports of goods and services      -80,664    -21,431    -20,583
 20      Goods, balance of payments
             basis (7)                    -62,437    -16,867    -16,013
 21      Services (3)                     -18,227     -4,564     -4,570
 22        Direct defense expenditures    -12,837     -3,214     -3,226
 23        Travel                          -1,362       -310       -323
 24        Passenger fares                   -760       -184       -155
 25        Other transportation            -1,112       -291       -273
 26        Royalties and license fees (5)    -111        -43        -31
 27        Other private services (5)      -1,767       -455       -496
 28        U.S. Government miscellaneous
             services                        -278        -67        -66
 29    Income payments                     -6,896     -2,041     -2,053
 30      Income payments on foreign-owned
             assets in the United States   -6,838     -2,021     -2,033
 31        Direct investment payments        -616       -252        -94
 32        Other private payments          -3,094       -907       -952
 33        U.S. Government payments        -3,128       -862       -987
 34      Compensation of employees            -58        -20        -20
 35  Unilateral current transfers, net    -16,628     -5,034     -2,455
 36    U.S. Government grants (4)         -13,516     -4,200     -1,695
 37    U.S. Government pensions and other
             transfers                       -120        -29        -32
 38    Private remittances and other
             transfers (6)                 -2,992       -805       -728

     Capital and financial account
        Capital account

 39  Capital account transactions, net     -2,405        -76        -78

     Financial account

 40  U.S.-owned assets abroad, net
             (increase/financial
             outflow (-))                  -6,953     -2,778        944
 41    U.S. official reserve assets, net      ...        ...        ...
 42      Gold (7)                             ...        ...        ...
 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, net   2,212         48         61
 47      U.S. credits and other long-term
             assets                           -74         -6         -4
 48      Repayments on U.S. credits and
             other long-term assets (8)       257         48         60
 49      U.S. foreign currency holdings
             and U.S. short-term
             assets, net                    2,029          6          5
 50    U.S. private assets, net            -9,165     -2,826        883
 51      Direct investment                 -3,466     -1,654       -763
 52      Foreign securities                   384        667     -2,104
 53      U.S. claims on unaffiliated
             foreigners reported by
             U.S. nonbanking concerns        -540       -365        -55
 54      U.S. claims reported by U.S.
             banks, not included
             elsewhere                     -5,543     -1,474      3,805
 55  Foreign-owned assets in the United
             States, net (increase/
             financial inflow(+))          18,951      6,377     23,120
 56    Foreign official assets in the
             United States, net             2,312      5,632     12,979
 57      U.S. Government securities
 58        U.S. Treasury securities (9)      (17)       (17)       (17)
 59        Other (10)                        (17)       (17)       (17)
 60      Other U.S. Government liabi-
             lities (11)                     (17)       (17)       (17)
 61      U.S. liabilities reported by U.S.
             banks, not included
             elsewhere                       -132        241         32
 62      Other foreign official assets
             (12)                            (17)       (17)       (17)
 63    Other foreign assets in the United
             States, net                     (17)       (17)       (17)
 64      Direct investment                 16,639        745     10,141
 65      U.S. Treasury securities           1,572        111       (17)
 66      U.S. securities other than U.S.
             Treasury securities            6,346        947      1,746
 67      U.S. currency                        ...        ...        ...
 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                      4,683     -2,499     -1,978
 70  Statistical discrepancy (sum of
             above items with sign
             reversed) (19)                39,269      9,836    -14,011

Memoranda

 71  Balance on goods (lines 3 and 20)    -32,677     -8,176     -7,336
 72  Balance on services(lines 4 and 21)      837        143       -107
 73  Balance on goods and services
             (lines 2 and 19)             -31,840     -8,033     -7,443
 74  Balance on income (lines 12 and 29)     -394       -292        -77
 75  Unilateral current transfers, net
             (line 35)                    -16,628     -5,034     -2,455
 76  Balance on current account (lines
              1, 18, and 35 or lines 73,
             74, and 75) (13)             -48,862    -13,359     -9,975

(Credits +, debits -) (1)
                                                    Africa
Current account                              2005    2005: IV    2006
                                                                  (p)

Exports of goods and services
        and income receipts                30,496      7,955      7,898
  Exports of goods and services            23,830      6,077      5,884
    Goods, balance of payments
        basis (2)                          14,886      3,758      3,762
    Services (3)                            8,944      2,319      2,122
      Transfers under U.S. military
        agency sales contracts (4)          1,504        407        283
      Travel                                1,179        244        210
      Passenger fares                          42          7         15
      Other transportation                    778        201        202
      Royalties and license fees (5)          491        145        151
      Other private services (5)            4,887      1,297      1,241
      U.S. Government miscellaneous
        services                               63         18         20
  Income receipts                           6,668      1,878      2,014
    Income receipts on U.S. owned
        assets abroad                       6,600      1,861      1,996
      Direct investment receipts            5,303      1,509      1,573
      Other private receipts                  951        260        286
      U.S. Government receipts                346         92        137
    Compensation of employees                  68         17         18
Imports of goods and services and
        income payments                   -70,849    -20,442    -19,192
  Imports of goods and services           -69,525    -20,053    -18,758
    Goods, balance of payments
             basis (7)                    -65,210    -18,901    -17,658
   Services (3)                             4,315     -1,152     -1,100
      Direct defense expenditures            -301        -75        -67
      Travel                               -1,497       -421       -360
      Passenger fares                        -472       -113       -108
      Other transportation                   -295        -78        -80
      Royalties and license fees (5)           -6         -1         -2
      Other private services (5)           -1,522       -405        422
      U.S. Government miscellaneous
        services                             -222        -59        -61
  Income payments                          -1,324       -389        434
    Income payments on foreign-owned
        assets in the United States        -1,214       -353       -398
      Direct investment payments             -180        -37        -26
      Other private payments                 -622       -198       -228
      U.S. Government payments               -412       -118       -144
    Compensation of employees                -110        -36        -36
Unilateral current transfers, net          -7,839     -3,071     -1,175
  U.S. Government grants (4)               -5,179     -2,410       -463
  U.S. Government pensions and other
        transfers                             -25         -7         -6
  Private remittances and other
        transfers (6)                      -2,635       -654       -706

Capital and financial account
   Capital account

Capital account transactions, net            -156        -24     -1,118

Financial account

U.S.-owned assets abroad, net
        (increase/financial
        outflow (-))                       -3,987     -1,786       -858
  U.S. official reserve assets, net           ...        ...        ...
    Gold (7)                                  ...        ...        ...
    Special drawing rights                    ...        ...        ...
    Reserve position in the
        International Monetary Fund           ...        ...        ...
    Foreign currencies                        ...        ...        ...
  U.S. Government assets, other than
        official reserve assets, net          268         90      1,351
    U.S. credits and other long-term
        assets                               -383        -54        -48
    Repayments on U.S. credits and
        other long-term assets (8)            663        146      1,399
    U.S. foreign currency holdings
        and U.S. short-term
        assets, net                           -12         -2        ...
  U.S. private assets, net                 -4,255     -1,876     -2,209
    Direct investment                      -2,066       -618     -1,062
    Foreign securities                       -163       -841     -1,075
    U.S. claims on unaffiliated
        foreigners reported by
        U.S. nonbanking concerns             -337       -124         27
    U.S. claims reported by U.S.
        banks, not included
        elsewhere                            -216       -293        -99
Foreign-owned assets in the United States,
        net (increase/financial
        inflow(+))                          9,071      5,882       -663
  Foreign official assets in the
        United States, net                  5,288      4,907     -1,674
    U.S. Government securities
      U.S. Treasury securities (9)           (17)       (17)       (17)
      Other (10)                             (17)       (17)       (17)
    Other U.S. Government liabi-
        lities (11)                          (17)       (17)       (17)
    U.S. liabilities reported by U.S.
        banks, not included
        elsewhere                            -110       -420        -11
    Other foreign official assets
        (12)                                 (17)       (17)       (17)
  Other foreign assets in the United
        States, net                          (17)       (17)       (17)
    Direct investment                       3,783        975      1,011
    U.S. Treasury securities                  651         60         -4
    U.S. securities other than U.S.
        Treasury securities                   586        -29        167
    U.S. currency                             ...        ...        ...
    U.S. liabilities to unaffiliated
        foreigners reported by U.S.
        nonbanking concerns                  (17)       (17)       (17)
    U.S. liabilities reported by U.S.         ...        ...        ...
        banks, not included
        elsewhere                             801        429         85
Statistical discrepancy (sum of above      43,262     11,486     15,108
        items with sign reversed)
        (19)

Memoranda

Balance on goods (lines 3 and 20)         -50,324     -15,143   -13,896
Balance on services (lines 4 and 21)        4,629       1,167     1,022
Balance on goods and services
        (lines 2 and 19)                  -45,695     -13,976   -12,874
Balance on income (lines 12 and 29)         5,344       1,489     1,580
Unilateral current transfers, net
        (line 35)                          -7,839      -3,071    -1,175
Balance on current account (lines
         1, 18, and 35 or lines 73,
        74, and 75) (13)                  -48,190     -15,558   -12,469

                                                  South Africa
Current account                              2005    2005: IV     2006:
                                                                  I (p)

Exports of goods and services
        and income receipts                 6,518       1,640     1,677
  Exports of goods and services             5,317       1,342     1,331
    Goods, balance of payments
        basis (2)                           3,894         951       956
    Services (3)                            1,423         391       375
      Transfers under U.S. military
        agency sales contracts (4)              2         (*)       (*)
      Travel                                  314          81        56
      Passenger fares                           1         (*)       (*)
      Other transportation                    157         45         44
      Royalties and license fees (5)          305         87         96
      Other private services (5)              640        177        178
      U.S. Government miscellaneous
        services                                4          1          1
  Income receipts                           1,201        298        346
    Income receipts on U.S. owned
        assets abroad                       1,193        296        344
      Direct investment receipts              593        133        163
      Other private receipts                  595        163        181
      U.S. Government receipts                  5        ...        ...
    Compensation of employees                   8          2          2
Imports of goods and services and
        income payments                    -7,073     -1,886     -1,930
  Imports of goods and services            -6,865     -1,826     -1,877
    Goods, balance of payments
             basis (7)                     -5,883     -1,582     -1,604
    Services (3)                             -982       -244       -273
      Direct defense expenditures             -12         -5         -2
      Travel                                 -264        -49        -73
      Passenger fares                        -177        -43        -48
      Other transportation                    -72        -18        -20
      Royalties and license fees (5)           -2        ...         -1
      Other private services (5)             -403       -115       -115
      U.S. Government miscellaneous
        services                              -52        -14        -14
  Income payments                            -208        -60        -53
    Income payments on foreign-owned
        assets in the United States          -199        -57        -50
      Direct investment payments              -10        ...        (D)
      Other private payments                 -149        -45        -56
      U.S. Government payments                -40        -12        (D)
    Compensation of employees                  -9         -3         -3
Unilateral current transfers, net            -474       -130       -116
  U.S. Government grants (4)                 -103        -33        -28
  U.S. Government pensions and other
        transfers                              -6         -2         -1
  Private remittances and other
        transfers (6)                        -365        -95        -87

Capital and financial account
Capital account

Capital account transactions, net              -4         -1         -1

Financial account

U.S.-owned assets abroad, net
        (increase/financial
        outflow (-))                       -1,601       -755       -725
  U.S. official reserve assets, net           ...        ...        ...
    Gold (7)                                  ...        ...        ...
    Special drawing rights                    ...        ...        ...
    Reserve position in the
        International Monetary Fund           ...        ...        ...
    Foreign currencies                        ...        ...        ...
  U.S. Government assets, other than
        official reserve assets, net            1          1          1
    U.S. credits and other long-term
        assets                                ...        ...        ...
    Repayments on U.S. credits and
        other long-term assets (8)            ...        ...        ...
    U.S. foreign currency holdings
        and U.S. short-term
        assets, net                             1          1          1
  U.S. private assets, net                 -1,602      -7561       -726
    Direct investment                         -17       -133        -68
    Foreign securities                     -1,767       -471       -633
    U.S. claims on unaffiliated
        foreigners reported by
        U.S. nonbanking concerns              -17        -46         -6
    U.S. claims reported by U.S.
        banks, not included
        elsewhere                             199       -106        -19
Foreign-owned assets in the United States,
        net (increase/financial
        inflow(+))                           -309       -609        862
  Foreign official assets in the
        United States, net                   (18)       (18)       (18)
    U.S. Government securities
      U.S. Treasury securities (9)           (18)       (18)       (18)
      Other (10)                             (18)       (18)       (18)
    Other U.S. Government liabi-
        lities (11)                          (18)       (18)       (18)
    U.S. liabilities reported by U.S.
        banks, not included
        elsewhere                              -1        ...        ...
    Other foreign official assets
        (12)                                 (18)       (18)       (18)
  Other foreign assets in the United
        States, net                          (18)       (18)       (18)
    Direct investment                        (18)       (18)       (18)
    U.S. Treasury securities                  -9           9        -24
    U.S. securities other than U.S.
        Treasury securities                  (18)       (18)       (18)
    U.S. currency                              32         19        57
    U.S. liabilities to unaffiliated
        foreigners reported by U.S.
        nonbanking concerns                   ...        ...        ...
    U.S. liabilities reported by U.S.          39         23         10
        banks, not included
        elsewhere                        (18)-370      (18)-       (18)
                                                         660
933
Statistical discrepancy (sum of above       2,943      1,741
233
        items with sign reversed)
        (19)

Memoranda

Balance on goods (lines 3 and 20)          -1,989       -631       -648
Balance on services (lines 4 and 21)          441        147        102
Balance on goods and services
        (lines 2 and 19)                   -1,548       -484       -546
Balance on income (lines 12 and 29)           993        238        293
Unilateral current transfers, net
        (line 35)                            -474       -130       -116
Balance on current account (lines
         1, 18, and 35 or lines 73,
        74, and 75) (13)                   -1,029       -376       -369

                                                    Other Africa
Current account                              2005      2005: IV   2006:
                                                                  I (p)

Exports of goods and services
        and income receipts                23,980      6,315      6,221
  Exports of goods and services            18,513      4,735      4,553
    Goods, balance of payments
        basis (2)                          10,992      2,807      2,806
    Services (3)                            7,521      1,928      1,747
      Transfers under U.S. military
        agency sales contracts (4)          1,502        407        283
      Travel                                  865        163        154
      Passenger fares                          41          7         15
      Other transportation                    621        156        158
      Royalties and license fees (5)          186         58         55
      Other private services (5)            4,247      1,120      1,063
      U.S. Government miscellaneous

        services                              591         17         19
  Income receipts                           5,467      1,580      1,668
    Income receipts on U.S. owned
        assets abroad                       5,407      1,565      1,652
      Direct investment receipts            4,710     13,761      1,410
      Other private receipts                  356         97        105
      U.S. Government receipts                341         92        137
    Compensation of employees                  60         15         16
Imports of goods and services and
        income payments                   -63,776    -18,556    -17,262
  Imports of goods and services           -62,660    -18,227    -16,881
    Goods, balance of payments
             basis (7)                    -59,327    -17,319    -16,054
    Services (3)                           -3,333       -908       -827
      Direct defense expenditures            -289        -70        -65
      Travel                               -1,233       -372        287
      Passenger fares                        -295        -70        -60
      Other transportation                   -223        -60        -60
      Royalties and license fees (5)           -4         -1         -1
      Other private services (5)           -1,119       -290       -307
      U.S. Government miscellaneous
        services                             -170        -45        -47
  Income payments                          -1,116       -329       -381
    Income payments on foreign-owned
        assets in the United States        -1,015       -296       -348
      Direct investment payments             -170        -37        (D)
      Other private payments                 -473       -153       -172
      U.S. Government payments               -372       -106        (D)
    Compensation of employees                -101        -33        -33
Unilateral current transfers, net          -7,365     -2,941     -1,059
  U.S. Government grants (4)               -5,076     -2,377       -435
  U.S. Government pensions and other
        transfers                             -19         -5         -5
  Private remittances and other
        transfers (6)                      -2,270       -559       -619

Capital and financial account
Capital account

Capital account transactions, net            -152        -23      1,117

Financial account

U.S.-owned assets abroad, net
        (increase/financial
        outflow (-))                       -2,386     -1,031       -133
  U.S. official reserve assets, net           ...        ...        ...
    Gold (7)                                  ...        ...        ...
    Special drawing rights                    ...        ...        ...
    Reserve position in the
        International Monetary Fund           ...        ...        ...
    Foreign currencies                        ...        ...        ...
  U.S. Government assets, other than
        official reserve assets, net          267         89      1,350
    U.S. credits and other long-term
        assets                               -383        -54        -48
    Repayments on U.S. credits and
        other long-term assets (8)            663        146      1,399
    U.S. foreign currency holdings
        and U.S. short-term
        assets, net                           -13         -3         -1
  U.S. private assets, net                 -2,653     -1,120     -1,483
    Direct investment                      -2,049       -485        994
    Foreign securities                        131       -370       -442
    U.S. claims on unaffiliated
        foreigners reported by
        U.S. nonbanking concerns             -320        -78         33
    U.S. claims reported by U.S.
        banks, not included
        elsewhere                            -415       -187        -80
Foreign-owned assets in the United States,
        net (increase/financial
        inflow(+))                          9,380      6,491     -1,525
  Foreign official assets in the
        United States, net                   (18)       (18)       (18)
    U.S. Government securities
      U.S. Treasury securities (9)           (18)       (18)       (18)
      Other (10)                             (18)       (18)       (18)
    Other U.S. Government liabi-
        lities (11)                          (18)       (18)       (18)
    U.S. liabilities reported by U.S.
        banks, not included
        elsewhere                            -109       -420        -11
    Other foreign official assets
        (12)                                 (18)       (18)       (18)
  Other foreign assets in the United
        States, net                          (18)       (18)       (18)
    Direct investment                        (18)       (18)       (18)
    U.S. Treasury securities                  660         51         20
    U.S. securities other than U.S.
        Treasury securities                  (18)       (18)       (18)
    U.S. currency                             554        -48        224
    U.S. liabilities to unaffiliated
        foreigners reported by U.S.
        nonbanking concerns                   ...        ...        ...
    U.S. liabilities reported by U.S.        (18)       (18)       (18)
        banks, not included
        elsewhere                            (18)       (18)       (18)
                                            8,275      6,908     -1,758

Statistical discrepancy (sum of above      40,319      9,745     14,875
        items with sign reversed)
        (19)

Memoranda

Balance on goods (lines 3 and 20)         -48,335    -14,512    -13,248
Balance on services (lines 4 and 21)        4,188      1,020        920
Balance on goods and services
        (lines 2 and 19)                  -44,147    -13,492    -12,328
Balance on income (lines 12 and 29)         4,351      1,251      1,287
Unilateral current transfers, net
        (line 35)                          -7,365     -2,941     -1,059
Balance on current account (lines
         1, 18, and 35 or lines 73,
        74, and 75) (13)                  -47,161    -15,182    -12,100

                   International organizations and unallocated (16)

Current account                             2005     2005: IV    2006:
                                                                 I (p)

Exports of goods and services
        and income receipts                44,161     11,351     11,547
  Exports of goods and services             5,509      1,484      1,401
    Goods, balance of payments
        basis (2)                           2,806        ...        ...
    Services (3)                            5,509      1,484      1,401
      Transfers under U.S. military
        agency sales contracts (4)            256         93         58
      Travel                                  ...        ...        ...
      Passenger fares                         ...        ...        ...
      Other transportation                  1,035        272        296
      Royalties and license fees (5)        2,113        595        529
      Other private services (5)            2,101        523        517
      U.S. Government miscellaneous
        services                                4          1          1
  Income receipts                          38,653      9,867     10,146
    Income receipts on U.S. owned
        assets abroad                      36,960      9,420      9,731
      Direct investment receipts           21,785      5,463      5,479
      Other private receipts               14,773      3,876      4,186
      U.S. Government receipts                402         81         66
    Compensation of employees               1,693        447        415
Imports of goods and services and
        income payments                   -21,487     -5,525     -6,150
  Imports of goods and services            -5,179     -1,354     -1,905
    Goods, balance of payments
             basis (7)                        ...        ...        ...
    Services (3)                           -5,179     -1,354     -1,905
      Direct defense expenditures             ...        ...        ...
      Travel                                  ...        ...        ...
      Passenger fares                         ...        ...        ...
      Other transportation                 -4,223    -10,891     -1,061
      Royalties and license fees (5)         -931       -259       -838
      Other private services (5)              -15         -4         -4
      U.S. Government miscellaneous
        services                              -10         -2         -2
  Income payments                         -16,308     -4,171     -4,245
    Income payments on foreign-owned
        assets in the United States       -16,308     -4,171     -4,245
      Direct investment payments          -10,310     -2,546     -2,532
      Other private payments               -5,093     -1,377     -1,470
      U.S. Government payments               -905       -248       -243
    Compensation of employees                 ...        ...        ...
Unilateral current transfers, net         -16,066     -3,731     -4,468
  U.S. Government grants (4)               -4,958       -670     -1,008
  U.S. Government pensions and other
        transfers                         -21,311       -771       -749
  Private remittances and other
        transfers (6)                      -8,977     -2,290     -2,711

Capital and financial account
Capital account

Capital account transactions, net             ...        ...        ...

Financial account

U.S.-owned assets abroad, net
        (increase/financial
        outflow (-))                       -9,357      1,760     -7,204
  U.S. official reserve assets, net        14,711      4,969        662
    Gold (7)                                  ...        ...        ...
    Special drawing rights                  4,511        -81        -67
    Reserve position in the
        International Monetary Fund        10,200      5,050
    Foreign currencies                        ...        ...        ...
  U.S. Government assets, other than
        official reserve assets, net         -961       -240     -1,278
    U.S. credits and other long-term
        assets                               -953       -240     -1,270
    Repayments on U.S. credits and
        other long-term assets (8)              2        ...        ...
    U.S. foreign currency holdings
        and U.S. short-term
        assets, net                            10        ...         -8
  U.S. private assets, net                -23,107     -2,969     -6,588
    Direct investment                      21,785      5,463     -5,479
    Foreign securities                       -188         71       -468
    U.S. claims on unaffiliated
        foreigners reported by
        U.S. nonbanking concerns                3          1        ...
    U.S. claims reported by U.S.
        banks, not included
        elsewhere                          -1,207      2,422       -641
Foreign-owned assets in the United States,
        net (increase/financial
        inflow(+))                         33,663     12,015      8,324
  Foreign official assets in the
        United States, net                    190         49         17
    U.S. Government securities
      U.S. Treasury securities (9)            ...        ...        ...
      Other (10)                              ...        ...        ...
    Other U.S. Government liabi-
        lities (11)                           ...        ...        ...
    U.S. liabilities reported by U.S.
        banks, not included
        elsewhere                             190         49         17
    Other foreign official assets
        (12)                                  ...        ...        ...
  Other foreign assets in the United
        States, net                           ...        ...        ...
    Direct investment                      33,473     11,966      8,307
    U.S. Treasury securities               10,310      2,546      2,532
    U.S. securities other than U.S.
        Treasury securities                  (18)       (18)       (18)
    U.S. currency                           1,003        259        410
    U.S. liabilities to unaffiliated
        foreigners reported by U.S.
        nonbanking concerns                19,416      9,158      1,932
    U.S. liabilities reported by U.S.         ...        ...        ...
        banks, not included
        elsewhere                            (18)     (18) 3       (18)
                                            2,744                 3,433
Statistical discrepancy (sum of above     -30,915    -15,870     -2,049
        items with sign reversed)
        (19)

Memoranda

Balance on goods (lines 3 and 20)             ...        ...        ...
Balance on services(lines 4 and 21)           330        130       -504
Balance on goods and services
        (lines 2 and 19)                      330        130       -504
Balance on income (lines 12 and 29)        22,345      5,696      5,901
Unilateral current transfers, net
        (line 35)                         -16,066     -3,731     -4,468
Balance on current account (lines
         1, 18, and 35 or lines 73,
        74, and 75) (13)                    6,608      2,095        929

(p) Preliminary. (r) Revised. * Less than
$500,000 (+/-). (D) Suppressed to avoid disclosure of data of
individual companies. Quarterly estimates are not annualized and are
expressed at quarterly rates.

For footnotes 1-13, see table 1.

(14.) The "European Union" includes Belgium, Denmark, France, Germany
(includes the former German Democratic Republic (East Germany)
beginning in the fourth quarter of 1990), Greece, Ireland, Italy,
Luxembourg, Netherlands, Portugal, Spain, United Kingdom; beginning
with the first quarter of 1995, also includes Austria, Finland, and
Sweden; and beginning with the second quarter of 2004, also includes
Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta,
Poland, Slovakia, and Slovenia. The "European Union" also includes the
European Atomic Energy Community, the European Coal and Steel Community
(through the third quarter of 2002), and the European Investment Bank.

(15.) Quarterly estimates for Mexico are available beginning with 2004.

(16.) Includes, as part of international and unallocated, taxes
withheld; current-cost adjustments associated with U.S. and foreign
direct investment; and net U.S. currency flows. Before 1999, also
includes the estimated direct investment in foreign affiliates engaged
in international shipping, in operating oil and gas drilling equipment
internationally, and in petroleum trading. Before 1996, also includes
small transactions in business services that are not reported by
country.

(17.) Details are not shown separately; see totals in lines 56 and 63.

(18.) Details not shown separately are included in line 69.

(19.) At the global level, the statistical discrepancy represents net
errors and omissions in recorded transactions. For individual countries
and regions, it may also reflect discrepancies that arise when
transactions with one country or region are settled through
transactions with another country or region.

NOTE. Country data are based on information available from U.S.
reporting sources. In some instances the statistics may not necessarily
reflect the ultimate foreign transactor. For instance: U.S. goods
export statistics reflect country of reported destination; in many
cases the goods may be transshipped to third countries (especially true
for the Netherlands and Germany). The geographic breakdown of
securities transactions reflects the country with which transactions
occurred but may not necessarily reflect the ultimate sources of
foreign funds or ultimate destination of U.S. funds.
COPYRIGHT 2006 U.S. Government Printing Office
COPYRIGHT 2008 Gale, Cengage Learning
 

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