WASHINGTON – The U.S. Department of the Treasury today released preliminary data from a survey of foreign portfolio holdings of U.S. securities at end-June 2009 at ( http://www.treas.gov/tic/fpis.html). A revised table on Major Foreign Holders of Treasury Securities, where estimates through end-December 2009 are based in part on survey data, is also available at ( http://www.treas.gov/tic/ticsec2.html, on line 1 of Part A). Final survey results, which will include additional detail as well as possible revisions to the preliminary data, will be reported on April 30, 2010. The survey was undertaken jointly by the U.S. Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. The next survey will be for end-June 2010 and preliminary data are expected to be released by February 28, 2011.
Complementary surveys measuring U.S. holdings of foreign securities are also carried out annually. Data from the most recent survey, reporting on securities held on year-end 2009, are currently being processed. Preliminary results are expected to be reported by August 31, 2010.
Overall Preliminary Results
The survey measured foreign holdings of U.S. securities as of June 30, 2009, to be $9,693 billion, with $2,246 billion held in U.S. equities, $6,297 billion in U.S. long-term debt securities 1 (of which $1,250 billion are holdings of asset-backed securities (ABS) 2 and $5,047 billion are holdings of non-ABS securities), and $1,150 billion held in U.S. short-term debt securities. The previous survey, conducted as of June 30, 2008, measured total foreign holdings of U.S. securities at $10,322 billion, with holdings of $2,969 billion in U.S. equities, $6,494 billion in U.S. long-term debt securities, and $858 billion in U.S. short-term debt securities (see Table 1).
1. Long-term debt securities have an original term-to-maturity of over one year.
2. Asset-backed securities are backed by pools of assets, such as pools of residential home mortgages or credit card receivables, which give the security owners claims against the cash flows generated by the underlying assets. Unlike most other debt securities, these securities generally repay both principal and interest on a regular basis, reducing the principal outstanding with each payment cycle.
Table 1. Foreign holdings of U.S. securities, by type of security, as of recent survey dates
(Billions of dollars)
Type of Security |
June 30, 2008 |
June 30, 2009 |
|
|
|
Long-term Securities |
9,463 |
8,543 |
Equity |
2,969 |
2,246 |
Long-term debt |
6,494 |
6,297 |
Asset-backed |
1,532 |
1,250 |
Other |
4,962 |
5,047 |
Short-term debt securities |
858 |
1,150 |
|
|
|
Total |
10,322 |
9,693 |
Of which: Official |
3,493 |
3,877 |
Table 2. Foreign holdings of U.S. securities, by country and type of security, for the major investing countries into the U.S., as of June 30, 2008
( Billions of dollars)
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Country or category |
Total |
Equities |
Long-term debt |
Short-term |
|
|
|
|
ABS |
Other |
debt |
|
1 |
China (Mainland) 1 |
1,463 |
76 |
360 |
866 |
160 |
|
2 |
Japan |
1,270 |
182 |
136 |
884 |
69 |
|
3 |
United Kingdom |
813 |
278 |
61 |
450 |
23 |
|
4 |
Cayman Islands |
650 |
227 |
139 |
211 |
73 |
|
5 |
Luxembourg |
586 |
137 |
48 |
321 |
81 |
|
6 |
Belgium |
429 |
17 |
49 |
355 |
8 |
|
7 |
Middle East Oil Exporters 2 |
353 |
109 |
25 |
150 |
68 |
|
8 |
Ireland |
348 |
60 |
63 |
110 |
115 |
|
9 |
Canada |
339 |
242 |
9 |
76 |
12 |
|
10 |
Switzerland |
328 |
130 |
23 |
136 |
39 |
|
11 |
Netherlands |
233 |
128 |
31 |
61 |
13 |
|
12 |
Hong Kong |
221 |
27 |
55 |
85 |
53 |
|
13 |
Bermuda |
199 |
39 |
46 |
88 |
27 |
|
14 |
Taiwan |
194 |
11 |
37 |
143 |
3 |
|
15 |
Germany |
182 |
45 |
23 |
104 |
10 |
|
16 |
Brazil |
156 |
1 |
* |
114 |
40 |
|
17 |
Russia |
150 |
* |
* |
87 |
63 |
|
18 |
Singapore |
145 |
73 |
8 |
53 |
11 |
|
19 |
France |
139 |
80 |
17 |
36 |
5 |
|
20 |
Norway |
119 |
73 |
17 |
23 |
6 |
|
21 |
Korea, South |
113 |
8 |
29 |
69 |
7 |
|
22 |
Australia |
106 |
60 |
5 |
33 |
8 |
|
23 |
British Virgin Islands |
82 |
36 |
3 |
25 |
19 |
|
24 |
Mexico |
81 |
9 |
2 |
56 |
14 |
|
25 |
Sweden |
67 |
37 |
1 |
26 |
2 |
|
|
Country Unknown |
114 |
2 |
* |
100 |
12 |
|
|
Rest of the World |
814 |
160 |
63 |
383 |
208 |
|
|
Total |
9,693 |
2,246 |
1,250 |
5,047 |
1,150 |
|
|
of which: Foreign Official |
3,877 |
310 |
506 |
2,447 |
615 |
|
1. Excludes Hong Kong, Macau, and Taiwan, which are reported separately.
2. Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates.