BoP Recording
Credit
Debit
Current account
Goods
Services
Income
Unilateral (current) transfers
A1. Export
B1. Export
C1. Receipt
D1. Receipt
A2. Import
B2. Import
C2. Payment
D2. Payment [Gift]
Capital account (Transfer of assets)
E1. Receipt
E2. Payment [Gift]
F1. (US sale)
F2. US purchase
F1. Foreign purchase
F2. (Foreign sale)
G1. (US sale)
G1. Foreign purchase
G2. US purchase
G2. (Foreign sale)
Official reserve transactions account
U.S. official reserve assets held
abroad
Foreign official reserve assets held
in the U.S.
Nonreserve Financial account
Examples
1. Spending $300 while touring in a foreign country:
B2 and G1
2. $700 Interest received on a foreign loan:
C1 and G2
3. A US investor buys foreign stocks (worth $500):
G2 and G1
4. The investor sells the stocks:
G1 and G2
5. Federal Reserve buys euros (worth $1000):
F2 and G1
6. Food aid (worth $900) sent to Pakistani earthquake victims:
A1 and D2
7. A US bank forgives a $800 foreign loan:
G1 and E2
Obtain the balance for each of the following accounts
a. the current account
b. the capital account
c.
the official reserve transaction account
d. the nonreserve financial account
e. the balance of payments