Treasury International Capital Data for May
WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2026. The next release, which will report on data for June 2026, is scheduled for August 17, 2026.
The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $132.2 billion. Of this, net foreign private inflows were $172.0 billion, and net foreign official outflows were $39.9 billion.
Foreign residents increased their holdings of long-term U.S. securities in May; their net purchases were $262.8 billion. Net purchases by private foreign investors were $246.8 billion, and net purchases by foreign official institutions were $16.1 billion.
U.S. residents increased their holdings of long-term foreign securities, with net purchases of $30.1 billion.
After including adjustments, such as estimated foreign portfolio acquisitions of U.S. stocks through stock swaps, overall net foreign purchases of long-term securities are estimated to have been $232.7 billion in May.
Foreign residents decreased their holdings of U.S. Treasury bills by $43.5 billion. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $30.6 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased by $70.0 billion.
Complete data are available on the Treasury website here.
About TIC Data
The monthly data on holdings of long-term securities, as well as the monthly table on Major Foreign Holders of Treasury Securities, reflect foreign holdings of U.S. securities collected primarily on the basis of custodial data. These data help provide a window into foreign ownership of U.S. securities, but they cannot attribute holdings of U.S. securities with complete accuracy. For example, if a U.S. Treasury security purchased by a foreign resident is held in a custodial account in a third country, the true ownership of the security will not be reflected in the data. The custodial data will also not properly attribute U.S. Treasury securities managed by foreign private portfolio managers who invest on behalf of residents of other countries. In addition, foreign countries may hold dollars and other U.S. assets that are not captured in the TIC data. For these reasons, it is difficult to draw precise conclusions from TIC data about changes in the foreign holdings of U.S. financial assets by individual countries.
(Billions of dollars, not seasonally adjusted)