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U.S. international transactions.

There was a current account deficit of $10.5 billion in the third quarter of 1991, compared with a surplus of $3.0 billion in the second quarter. The merchandise trade deficit increased and net unilateral transfers shifted from inflows to outflows, as cash contributions from coalition partners in Operation Desert Storm decreased and grants forgiving outstanding debt were provided to several countries, including Poland. In the capital accounts, claims on foreigners reported by U.S. banks increased $0.2 billion in the third quarter of 1991, in contrast to a decrease of $1.2 billion in the second quarter. Liabilities to private foreigners reported by U.S. banks, excluding Treasury securities, increased $8.8 billion in the third quarter, compared to a decrease of $28.7 billion in the second quarter. [Graph Omitted] [Tabular Data Omitted]
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Title Annotation:International Statistics; ending third quarter, 1991
Publication:Economic Indicators
Date:Dec 1, 1991
Words:137
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