Balance of Payments Statement for Offshore Financial Activity of Six Offshore Centers, Annual Average Flows, 1986–89
(In billions of U.S. dollars)
|Investment income except reinvested earnings||5.01||—||5.0|
|Included in Chapters 3, 4, 5, and 6|
|Reinvestment of earnings||5.0||1.12||3.93|
|vis-à-vis foreign banks||−2.3||−2.3||—|
|Total capital account||−4.5||−1.7||−2.8|
|Errors and omissions||4.5||2.7||1.8|
Income and reinvested earnings in this column are based on the Yearbook, 1990, Part 2, Table 3. That table includes adjustments for OFC investment income that are not shown separately.
Included in the fifth line of Table 12 as an unallocated residual for OFCs.
Included in line 2b of Table 14.
Portfolio asset net flows by OFC nonbank residents. Portfolio adjustments in Chapter 4 include an average $6.4 billion of net purchases (outflows) by offshore centers, but these purchases could not be allocated to individual OFCs and are therefore omitted here. If all of this outflow were inserted into the table, errors and omissions would become $11.8 billion.
OFC nonbank “other capital” transactions with nonbanks.