U.S. Owned assets abroad decrease in 1st Quarter 2012

According to the BEA, U.S. owned assets abroad decreased by $114.8 billion in the 1st Quarter 2012, according to a June 14th, 8:30 A.M. 2012 release by the Bureau of Economic Analysis.

The bureau further stated that the decrease in the 1st Quarter followed an increase in the 4th Quarter of $26.2 billion.  According to the bureau, U.S. claims on foreigners reported by U.S. banks and securities brokers decreased $220.3 billion in 1st Quarter after a decrease of $86.4 billion in the 4th Quarter of 2011.

Examples that were cited of these claims are U.S. Bank’s deposits at foreign banks and U.S. Banks loans to foreigners.   The change from the 4th Quarter reflects a $129.3 billion decrease in claims for own accounts.

U.S. Owned Assets Abroad Resources info:

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promoting U.S. companies abroad to governments in other countries.

U.S. Owned Assets Abroad additional resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office – U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.