U.S. International Transactions, 2nd Quarter 2009
                        Current Account

                                The U.S. current-account deficit—the combined balances on trade in goods
and services, income, and net unilateral current transfers—decreased to $98.8
billion (preliminary) in the second quarter of 2009, the smallest deficit since
the fourth quarter of 2001, from $104.5 billion (revised) in the first quarter.
The decrease was more than accounted for by a decrease in the deficit on goods.
A small increase in the surplus on services also contributed to the lower
current-account deficit.  An increase in net unilateral current transfers to
foreigners and a decrease in the surplus on income were partly offsetting.

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