Treasury International Capital (TIC) Overall Net Capital Flow reflects the sum of the following components:
- US securities sales + purchases of foreign stocks and bonds (a negative value means the net outflow of capital from the United States);
- foreign acquisitions of US equities estimated through stock swaps;
- increase in non-marketable Treasury bonds and notes;
- monthly changes in banks' and broker' custody liabilities
minus unrecorded principal repayments to foreigners on domestic corporate and agency asset-backed securities.
So, this indicator measures the total sum of net private transactions in the US and net official transactions.