Table 1.1. U.S. Net International Investment Position at the End of the Period

Quarterly, Not Seasonally Adjusted

		Millions of Dollars
Line	Name	Q2 2025	Q1 2025	Q2 2024
line 1	U.S. net international investment position	-26,141,899	-24,652,929	-23,206,115
line 2	Net international investment position excluding financial derivatives	-26,140,005	-24,647,617	-23,202,131
line 3	Financial derivatives other than reserves net	-1,894	-5,312	-3,984
line 4	U.S. assets	39,564,041	36,888,994	35,581,265
line 5	Assets excluding financial derivatives	37,409,872	34,834,659	33,295,830
line 6	Financial derivatives other than reserves gross positive fair value	2,154,169	2,054,335	2,285,435
	By functional category:
line 7	Direct investment at market value	12,531,157	11,487,467	11,177,721
line 8	Portfolio investment	17,609,613	16,315,928	15,654,973
line 9	Financial derivatives other than reserves gross positive fair value	2,154,169	2,054,335	2,285,435
line 10	Other investment	6,165,014	5,982,252	5,622,574
line 11	Reserve assets	1,104,088	1,049,011	840,562
line 12	U.S. liabilities	65,705,940	61,541,922	58,787,380
line 13	Liabilities excluding financial derivatives	63,549,877	59,482,275	56,497,961
line 14	Financial derivatives other than reserves gross negative fair value	2,156,063	2,059,647	2,289,419
	By functional category:
line 15	Direct investment at market value	18,613,552	16,985,388	16,724,246
line 16	Portfolio investment	35,321,087	33,065,396	30,941,495
line 17	Financial derivatives other than reserves gross negative fair value	2,156,063	2,059,647	2,289,419
line 18	Other investment	9,615,238	9,431,491	8,832,220