The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August (delayed by the partial shutdown of the federal government) and September 2025. The next release, which will report on data for October 2025, is scheduled for December 18, 2025.
The sum total of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $187.1 billion in August and $190.1 billion in September. Of this, in August, net foreign private inflows were $224.9 billion, and net foreign official outflows were $37.9 billion. In September, net foreign private inflows were $213.9 billion, and net foreign official outflows were $23.7 billion.
Foreign residents increased their holdings of long-term U.S. securities in August and September; their net purchases were $181.2 billion in August and $208.5 billion in September. In August, net purchases by private foreign investors were $196.4 billion, while net sales by foreign official institutions were $15.1 billion. In September, net purchases by private foreign investors were $210.7 billion, while net sales by foreign official institutions were $2.2 billion.
U.S. residents increased their holdings of long-term foreign securities, with net purchases of $47.0 billion in August and $28.7 billion in September.
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 $134.2 billion in August and $179.8 billion in September.
Foreign residents increased their holdings of U.S. Treasury bills by $25.0 billion in August but decreased their holdings by $22.0 billion in September. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased by $12.1 billion in August but decreased by $8.3 billion in September.
Banks’ own net dollar-denominated liabilities to foreign residents increased by $40.8 billion in August and $18.6 billion in September.
Complete data are available on the Treasury website here . Original data for August are archived there. The August figures in this press release are from the most recent data, which in some cases have been revised from the original data.