U.S. transactions in foreign stocks and bonds and related dividend and interest receipts were revised for 1994-1997 to extend to these years the major methodological changes made in June 2003 at the time of incorporation of the U.S. Treasury Department’s benchmark survey of U.S. holdings of foreign securities for 2001. More detailed price indexes were used to measure price changes of foreign stocks and bonds, which improved both the global measures and geographic allocation of portfolio positions and income, and which permitted the estimates to track more closely fluctuations in financial markets.
Published