U.S. net international investment position: fourth quarter and year 2016

Assets U.S. assets decreased $954.8 billion to $23,916.7 billion at the end of the fourth quarter from $24,871.4 billion at the end of the third quarter (table B). * Financial derivatives decreased $566.1 billion to $2,209.0 billion, reflecting a decrease in single-currency interest rate contracts that was partly offset by an increase in foreign exchange contracts (chart 2). * Assets excluding financial derivatives decreased $388.7 billion to $21,707.7 billion, mostly reflecting decreases in portfolio investment and other investment. Liabilities U.S. liabilities decreased $652.5 billion to $32,026.3 billion at the end of the fourth quarter from $32,678.8 billion at the end of the third quarter (table C). * Financial derivatives decreased $572.2 billion to $2,147.7 billion, reflecting a decrease in single-currency interest rate contracts that was partly offset by an increase in foreign exchange contracts (chart 3). * Liabilities excluding financial derivatives decreased $80.3 billion to $29,878.6 billion, reflecting decreases in...