The U.S. Department of the Treasury has published its Treasury International Capital (TIC) data for August 2024, revealing a net TIC inflow of $79.2 billion. This figure includes net foreign private inflows of $79.7 billion and net foreign official outflows of $0.6 billion.
Foreign residents increased their holdings in long-term U.S. securities with net purchases amounting to $129.8 billion in August. Private foreign investors accounted for $158.1 billion in net purchases, while foreign official institutions recorded net sales of $28.3 billion.
U.S. residents expanded their investments in long-term foreign securities, making net purchases totaling $18.4 billion.
When adjustments such as estimated foreign portfolio acquisitions through stock swaps are considered, the overall net foreign purchases of long-term securities are estimated at $111.4 billion for August.
Foreign residents also raised their holdings of U.S. Treasury bills by $59.4 billion, and total dollar-denominated short-term U.S. securities and other custody liabilities increased by $65.7 billion.
Conversely, banks' own net dollar-denominated liabilities to foreign residents decreased by $97.9 billion during the same period.
The complete data is accessible on the Treasury's website: https://home.treasury.gov/data/treasury-international-capital-tic-system
These monthly TIC data offer insights into the holdings of U.S.-based securities by foreigners but come with limitations regarding ownership attribution accuracy due to custodial arrangements and management practices involving third countries or private managers acting on behalf of non-U.S.-resident clients.
