Table 2.—Major Sources of Revisions, 1985-1996

[Millions of dollars]

(Credits +; debits -)/1/ 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
International transactions:
Other transportation receipts (line 7):
Revised 22,616 23,050 24,941 27,412 27,216
Changes due to truck freight charges 246 228
Changes due to ocean port services -1,075 -858 -961 -1,391 -2,299
Revisions due to updated source data 14 41 494 172
Previously published 23,691 23,894 25,861 28,063 29,115
Royalties and license fees receipts (line 8):
Revised 19,656 20,304 22,661 27,383 29,974
Changes due to 1992 foreign direct investment benchmark -59 -19 (/2/) (/2/) (/2/)
Revisions due to updated source data 389 430 1,145
Previously published 19,715 20,323 22,272 26,953 28,829
Other private services receipts (line 9):
Revised 27,303 28,701 30,709 36,204 39,540 47,024 50,294 54,517 61,093 66,850 73,569
Changes due to financial services 920 488
Changes due to expenditures of temporary workers 438 338 222 322 626 799 983 1,070 1,241 1,303 1,302
Changes due to 1996 benchmark of selected services 424
Changes due to 1992 foreign direct investment benchmark 243 74 (/2/) (/2/) (/2/)
Revisions due to updated source data -64 -103 -131 -202 -279 -373 -223 -63 781 2,903 4,087
Previously published 26,929 28,466 30,618 36,084 39,193 46,598 49,291 53,436 59,071 61,724 67,268
Other private income receipts (line 13):
Revised 57,633 52,806 55,592 70,571 92,638 94,072 81,186 66,826 63,495 79,498 101,836 102,866
Changes due to dividend income 119 328 770 1,204 1,823 3,070 2,946 4,327 4,076 6,012 7,995 8,947
Changes due to bond interest income -117 -1,118 -1,026 -908 -681 -46 1,459 2,479 6,087 3,846 3,400 -471
Revisions due to updated source data 694 1,377 312
Previously published 57,631 53,596 55,848 70,275 91,496 91,048 76,781 60,020 53,332 68,946 89,064 94,078
Other transportation payments (line 21):
Revised -24,894 -25,746 -27,255 -28,249 -28,453
Changes due to truck freight charges 233 256
Revisions due to updated source data 565 582 728 723 391
Previously published -25,459 -26,328 -27,983 -29,205 -29,100
Royalties and license fees payments (line 22):
Revised -5,089 -4,819 -5,560 -6,503 -7,322
Changes due to 1992 foreign direct investment benchmark -15 -23 (/2/) (/2/) (/2/)
Revisions due to updated source data -31 -42 -191 -286
Previously published -5,074 -4,765 -5,518 -6,312 -7,036
Other private services payments (line 23):
Revised -14,785 -17,999 -19,028 -20,548 -24,387 -28,098 -25,066 -29,356 -33,138 -39,285 -42,796
Changes due to financial services -765 -1,182
Changes due to earnings of temporary workers -844 -671 -474 -675 -1,232 -1,579 -1,886 -2,059 -2,377 -2,499 -2,506
Changes due to 1996 benchmark of selected services -231
Changes due to 1992 foreign direct investment benchmark 51 -59 (/2/) (/2/) (/2/)
Revisions due to updated source data 25 -5 -3 456 659 219 -2,051 -1,251
Previously published -13,941 -17,328 -18,554 -19,898 -23,150 -26,516 -23,687 -27,897 -30,980 -33,970 -37,626
Direct investment income payments (line 26):
Revised -302 -5,574 -20,154 -30,345 -32,132
Changes due to 1992 foreign direct investment benchmark 15 -18 (/2/) (/2/) (/2/)
Revisions due to updated source data 1,076 1,073 1,685
Previously published -317 -5,556 -21,230 -31,418 -33,817
Private remittances and other transfers (line 32):
Revised -9,295 -10,424 -11,192 -12,742 -13,308 -13,972 -15,309 -15,348 -17,235 -18,630 -19,530 -20,704
Changes due to tax payments 254 113 -23 204 668 547 529 370 -27 1,149 1,390 2,540
Revisions due to updated source data 41 53 74 65 83 82 -22 -472 -273 -224 361
Previously published -9,549 -10,578 -11,222 -13,020 -14,041 -14,602 -15,920 -15,696 -16,736 -19,506 -20,696 -23,605
U.S. claims reported by U.S. banks (line 47):
Revised 21,175 30,615 -4,200 -75,108 -98,186
Changes due to removal of unrealized gains and losses 280 668 2,760 87 -2,181
Revisions due to updated source data 1,201 -6,049 -7,786
Previously published 20,895 29,947 -8,161 -69,146 -88,219
Direct investment in the United States, net capital flows (line 57):
Revised 17,936 48,993 45,679 67,526 76,955
Changes due to 1992 foreign direct investment benchmark 336 5,971 (/2/) (/2/) (/2/)
Revisions due to updated source data -4,081 7,290 -6,995
Previously published 17,600 43,022 49,760 60,236 83,950
U.S. Treasury securitities and U.S. currency flows (line 58):
Revised 25,633 7,909 -2,243 26,039 35,518 16,266 34,226 50,531 43,281 57,674 111,848 172,878
Changes due to new estimates of U.S. currency flows 5,200 4,100 5,400 5,800 5,900 18,800 15,400 13,400 18,900 23,400 12,300 17,300
Revisions due to updated source data 49 208 1,794
Previously published 20,433 3,809 -7,643 20,239 29,618 -2,534 18,826 37,131 24,381 34,225 99,340 153,784
U.S. liabilities reported by U.S. banks (line 61):
Revised 16,216 25,063 104,338 30,176 9,784
Changes due to removal of unrealized gains and losses 755 621 -3,440 58 3,272
Revisions due to updated source data 3,583 -4,064 4,835 8,070
Previously published 15,461 20,859 111,842 25,283 -1,558
International investment position (at yearend):
Foreign securities (line 19):
Revised 119,403 158,123 188,589 232,849 314,294 342,313 455,750 515,083 853,528 889,706 1,054,352 1,273,439
Changes due to 1994 U.S. Treasury benchmark 5,115 14,692 34,637 56,873 96,682 113,620 153,325 178,537 302,895 333,465 332,603 (/3/)
Revisions due to updated source data (/3/)
Previously published 114,288 143,431 153,952 175,976 217,612 228,693 302,425 336,546 550,633 556,241 721,749 (/3/)
Direct investment in the United States (lines 35 and 36):
Revised:
At current cost 500,542 550,862 584,970 654,502 729,052
At market value 696,177 768,389 773,726 1,031,981 1,253,642
Changes due to 1992 benchmark:
At current cost 1,148 11,711 (/2/) (/2/) (/3/)
At market value 1,965 7,539 (/2/) (/2/) (/3/)
Revisions due to updated source data:
At current cost 5,144 15,983 (/3/)
At market value 1,872 12,778 (/3/)
Previously published:
At current cost 499,394 539,151 579,826 638,519 (/3/)
At market value 694,212 760,859 771,854 1,019,203 (/3/)
U.S. currency (line 38):
Revised 68,900 73,000 78,400 84,200 90,100 108,900 124,300 137,700 156,600 180,000 192,300 209,600
Previously published

1. Credits +: An increase in U.S. receipts and U.S. liabilities, or a decrease in U.S. payments and U.S. claims. Debits -: An increase in U.S. payments and U.S. claims, or a decrease in U.S. receipts and U.S. liabilities.

2. Revisions due to the 1992 benchmark are not separately identifiable after 1993.

3. Estimates for 1996 were not published previously.

NOTE.—For international transactions, line references are to table 1 of "U.S. International Transactions, First Quarter 1997," in this issue of the SURVEY OF CURRENT BUSINESS. For the international investment position, line references are to table 1 of "The International Investment Position of the United States in 1996" in this issue of the SURVEY.