Official Foreign Capital Flows
Over the first three quarters of 1996 the U.S. current account deficit grew at a $123 billion annual rate, somewhat slower than in the previous two years. Official and private capital inflows of $96 billion and $27 billion, respectively, have financed this deficit. Since 1991, net official capital inflows have accounted for a growing share of our tap and the world's savings, as foreign governments and official agencies have acquired dollar-denominated assets.
Suggested citation: “Official Foreign Capital Flows,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-01, pp. 18, 01.01.1997.