Treasury Bulletin April 1978

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Sections III and IV show respectively the liabilities to, and claims on, foreigners reported by exporters, impor- ters, industrial and commercial firms, financial institutions other than banks and brokers, and other nonbanklng concerns in the United States. The data exclude the intercompany ac- counts of business enterprises in the United States with their own branches and subsidiaries abroad or with their for- eign parent companies. (Such transactions are reported by business firms to the Depa
...rtment of Commerce on its direct investment forms . ) The data also exclude claims held throxogh United States banks. Separate figures are shown In Section IV for the short-term liquid claims of large nonbanklng con- cerns in the United States.
Section V contains data on transactions in all types of long-term domestic and foreign securities by foreigners reported by banks and brokers in the United States (except nonmarketable U.S. Treasury notes, foreign series, and non- marketable U.S. Treasury bonds and notes, foreign currency series, which are shown in "International Financial Statis- tics" section.


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