Appendix A Standard Notes to Tables 1. Portfolio investment includes stocks and debt with an "Stocks" includes: voting and non-voting stock and investment company shares, including rights, warrants, and scrip; common trust funds; and other evidence of equity ownership, including business investment trust shares, limited partnership interests, etc. "Debt" includes: bonds and debentures, notes, mortages, bank and other long-term loans, capitalized leases, equipment trust certificates, long-term certificates of deposit and savings accounts, and conditional sales agreements. 2. All stocks and debt were valued at closing market prices as of December 31, 1974. If securities were traded infrequently, the latest available market price within the preceding 90 day period was used. For securities for which no such market price was available, reporters could substitute an estimated price based on quality, interest rate, and other market factors. When estimating was not feasible, stocks were carried at book value and debt was carried at face value. 3. The dollar value of the relatively few issues of foreigncurrency-denominated debt was calculated by using yearend 1974 exchange rates published in the International Monetary Fund's International Financial Statistics. 4. 5. 6. 7. The column heading "investment and insurance companies, etc." also includes pension funds and other employee benefit funds or trusts. For purposes of statistical presentation, data for Libya have been combined with those of Middle East oil exporting countries. Therefore, data for Africa exclude Libya. Middle East oil exporting countries include: Bahrein, Iran, , Iraq, Kuwait, Libya, Qatar, Saudi Arabia, and United Arab Emirates. OPEC countries include, in addition to the countries listed under Middle East oil exporting countries, Algeria, Ecuador, Gabon, Indonesia, Libya, Nigeria, and Venezuela. insti 8. Federal, State and local governments, (Public Administration) include any agencies, corporations, financing tutions, or other instrumentalities thereof, including Federally-sponsored agencies. 9. Amounts are rounded to the nearest full million. 10. The Enterprise Standard Industrial classifications 13, "petroleum" industry can be most accurately measured Note: Reporter counts used in the tables differ because of the nature of the groupings. used in tables 12 and 13 includes only those companies which had foreign owners of their voting stock. The total of 2,114 companies used in table 15 is the manufacturing subtotal of the above. The total of 6,277 companies used in table 11 includes all companies for which foreign ownership was reported for either stock or debt. The total of 7,638 companies used in table 15 includes all corporations that filed reports in the survey, including those that did not have any foreign stock holders. The total of 9,586 companies used in table 21 includes all persons reporting as "U.S. issuers" in the survey regardless of foreign ownership of equity or debt. |