The U.S. Department of the Treasury has published the Treasury International Capital (TIC) data for November 2024. The upcoming report, covering December 2024, is expected on February 18, 2025.
In November, there was a net TIC inflow of $159.9 billion, which includes net foreign private inflows of $156.6 billion and net foreign official inflows of $3.3 billion.
Foreign residents increased their holdings of long-term U.S. securities by $115.7 billion in net purchases, with private foreign investors accounting for $124.0 billion in net purchases and foreign official institutions selling a net total of $8.3 billion.
U.S. residents expanded their holdings of long-term foreign securities through net purchases totaling $36.7 billion.
Taking into account adjustments such as estimated foreign portfolio acquisitions of U.S. stocks via stock swaps, overall net foreign purchases of long-term securities were approximately $79.0 billion in November.
Foreign residents also increased their holdings of U.S. Treasury bills by $11.3 billion and other short-term U.S. securities by $20.6 billion.
Banks saw an increase in their own dollar-denominated liabilities to foreign residents by $60.3 billion.
Detailed information is available on the Treasury’s website at: https://home.treasury.gov/data/treasury-international-capital-tic-system
According to the Treasury, “The monthly data on holdings of long-term securities, as well as the monthly table on Major Foreign Holders of Treasury Securities, reflect foreign holdings of U.S. securities collected primarily on the basis of custodial data.” However, these data have limitations regarding accurately attributing ownership due to factors like third-country custodial accounts and management by foreign portfolio managers.
For further insights into cross-border financial flows over recent months and years, readers are directed to consult additional TIC reports and tables available online.
