Table 2.—U.S. Assets Abroad and Foreign Assets in the United States by Area

Line	Type of investment	Amounts outstanding, by area
		Western Europe		Canada		Japan		Latin America and Other Western Hemisphere		Other countries, international organizations, and unallocated/1/
		1997/r/	1998/p/	1997/r/	1998/p/	1997/r/	1998/p/	1997/r/	1998/p/	1997/r/	1998/p/
	U.S.-owned assets abroad:
1	U.S. official reserve assets	17,942	22,646			12,867	13,355			104,027	110,005
2	Gold									75,929	75,291
3	Special drawing rights									10,027	10,603
4	Reserve position in the International Monetary Fund									18,071	24,111
5	Foreign currencies	17,942	22,646			12,867	13,355
6	U.S. Government assets, other than official reserve assets	6,446	5,796			33	44	15,213	15,039	60,268	61,503
7	U.S. credits and other long-term assets/2/	6,374	5,741					15,166	15,005	58,067	59,433
8	Repayable in dollars	6,353	5,723					15,049	14,897	57,871	59,254
9	Other/3/	21	18					117	108	196	179
10	U.S. foreign currency holdings and U.S. short-term assets	72	55			33	44	47	34	2,201	2,070
	U.S. private assets:
11	Direct investment abroad	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)
12	Foreign securities	925,100	1,172,656	176,400	171,250	163,400	150,695	246,200	230,278	228,300	244,077
13	Bonds	211,000	212,830	105,700	109,601	28,600	27,617	112,700	122,216	80,400	89,562
14	Corporate stocks	714,100	959,826	70,700	61,649	134,800	123,078	133,500	108,062	147,900	154,515
15	U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns	265,902	288,578	13,531	9,452	10,880	13,979	248,281	261,170	23,802	23,043
16	U.S. claims reported by U.S. banks, not included elsewhere	349,990	391,593	57,822	79,383	91,718	55,168	389,585	400,597	96,691	87,148
	Foreign-owned assets in the United States:
17	Foreign official assets in the United States	230,797	241,154	10,857	12,317	(/5/)	(/5/)	97,799	80,685	(/5/)	(/5/)
18	U.S. Government securities	(/6/)	(/6/)	(/6/)	(/6/)	(/5/)	(/5/)	(/6/)	(/6/)	(/5/)	(/5/)
19	U.S. Treasury securities	(/6/)	(/6/)	(/6/)	(/6/)	(/5/)	(/5/)	(/6/)	(/6/)	(/5/)	(/5/)
20	Other	(/6/)	(/6/)	(/6/)	(/6/)	(/5/)	(/5/)	(/6/)	(/6/)	(/5/)	(/5/)
21	Other U.S. Government liabilities/7/	4,765	4,199	236	209	2,962	2,854	451	409	13,045	10,675
22	U.S. liabilities reported by U.S. banks, not included elsewhere	(/6/)	(/6/)	(/6/)	(/6/)	(/5/)	(/5/)	(/6/)	(/6/)	(/5/)	(/5/)
23	Other foreign official assets	(/6/)	(/6/)	(/6/)	(/6/)	(/5/)	(/5/)	(/6/)	(/6/)	(/5/)	(/5/)
	Other foreign assets in the United States:
24	Direct investment in the United States	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)	(/4/)
25	U.S. Treasury securities	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)
26	U.S. currency									211,628	228,250
27	U.S. securities other than U.S. Treasury securities	955,793	1,280,960	109,664	131,853	166,835	190,398	209,294	260,814	137,108	157,795
28	Corporate and other bonds	452,597	585,934	16,967	23,218	98,842	108,630	97,632	124,434	49,158	58,533
29	Corporate stocks	503,196	695,026	92,697	108,635	67,993	81,768	111,662	136,380	87,950	99,262
30	U.S. liabilities to unaffiliated for- eigners reported by U.S. nonbanking concerns	215,193	215,964	7,722	6,562	21,381	15,664	177,256	193,163	32,003	29,434
31	U.S. liabilities reported by U.S. banks, not included elsewhere	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)	(/5/)
	Addenda:
1	U.S. Treasury securities, foreign official plus private holdings (lines 19 + 25, above)	528,805	573,823	12,218	13,268	288,601	292,634	131,676	128,352	290,720	308,254
2	U.S. liabilities reported by U.S. banks, foreign official plus private (lines 22 + 31, above)	417,401	402,052	30,633	32,007	101,151	131,304	418,810	421,036	138,364	154,609

p Preliminary.

r Revised.

1. Includes U.S. gold stock valued at market price.

2. Also includes paid-in capital subscription to international financial institutions and outstanding amounts of miscellaneous claims that have been settled through international agreements to be payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts that are not being serviced.

3. Includes indebtedness that the borrower may contractually, or at its option, repay with its currency, with a third country's currency, or by delivery of materials or transfer of services.

4. Positions at current costs or market value are not available by area; country detail are available only at historical costs in the article "Direct Investment Positions on a Historical Cost Basis, 1998; Country and Industry Detail," elsewhere in this issue of the SURVEY.

5. Details are not shown separately.

6. Details not shown separately are included in totals in line 17.

7. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or through foreign official agencies.