How do the TIC data on foreign official transactions in U.S. agency securities compare with changes in FRBNY custody holdings?
TIC users sometimes attempt to reconcile the TIC-reported net purchases of U.S. long-term agency securities by foreign official institutions, as shown in the table “Net Foreign Purchases of U.S. Long-term Securities by Major Foreign Sector: U.S. Gov’t Corp & Federally-sponsored Agency Bonds” (line 2.b of the TIC securities webpage, available at: www.treas.gov/tic/agnsect.txt ), with changes in the custody holdings of agency securities at the Federal Reserve Bank of New York (FRBNY) as reported in the memo lines of Federal Reserve Statistical Release H.4.1. The reasons outlined in FAQ number 10a above on comparing TIC-reported foreign official holdings and transactions in U.S. Treasury securities with custody holdings of Treasury securities as reported in the Federal Reserve Statistical Release H.4.1 apply to agency securities as well. However, two additional considerations apply regarding foreign official acquisitions of agency securities.
Related Questions
- How do the TIC data on foreign official transactions in U.S. agency securities compare with changes in FRBNY custody holdings?
- What securities are included in "corporate and other" bonds in the survey reports and in the monthly TIC transactions data?
- How do the TIC data on Major Foreign Holders of U.S. Treasury Securities compare with FRBNY custody holdings?
