Report on Foreign Holdings of U.S. Securities at End - June 2010

Report on Foreign Holdings of U.S. Securities at End - June 2010

The final results from the survey of foreign portfolio holdings of U.S. securities at end-June 2010 are released today on the U.S. Treasury web site at (http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/fpis.aspx).  A revised table on Major Foreign Holders of Treasury Securities, where estimates through end-February 2011 are based in part on survey data, is also released at (http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt ). 

This annual 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 2011 and preliminary data are expected to be released by February 28, 2012.   

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 2010, are currently being processed.  Preliminary results are expected to be reported by August 31, 2011.

Overall Results

The survey measured foreign holdings of U.S. securities as of June 30, 2010, to be $10,691 billion, with $2,814 billion held in U.S. equities, $6,921 billion in U.S. long-term debt securities1 (of which $1,159 billion are holdings of asset-backed securities (ABS) 2 and $5,763 billion are holdings of non-ABS securities), and $956 billion held in U.S. short-term debt securities.  The previous survey, conducted as of June 30, 2009, measured total foreign holdings of U.S. securities at $9,641 billion, with holdings of $2,252 billion in U.S. equities, $6,240 billion in U.S. long-term debt securities, and $1,149 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, 2009	June 30, 2010
Long-term Securities	8,492	9,736
Equity	2,252	2,814
Long-term debt	6,240	6,921
Asset-backed	1,260	1,159
Other	4,979	5,763
Short-term debt securities	1,149	956
Total	9,641	10,691
Of which: Official	3,880	4,346

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, 2010
(Billions of dollars)

	Country or category	Total	Equities	Long-term debt		Short-term
				ABS	Other	debt
1	China (Mainland)1	1,611	127	299	1,180	5
2	Japan	1,393	224	121	979	69
3	United Kingdom	798	324	48	404	22
4	Cayman Islands	743	290	122	249	82
5	Luxembourg	622	172	45	323	82
6	Canada	424	298	9	105	12
7	Belgium	408	19	42	341	6
8	Switzerland	397	162	22	189	25
9	Ireland	356	77	62	118	99
10	Middle East Oil Exporters2	350	128	17	132	73
11	Hong Kong	293	33	84	88	88
12	Bermuda	249	44	48	129	28
13	Netherlands	247	152	22	67	5
14	Taiwan	228	12	32	181	3
15	Germany	195	57	38	92	8
16	France	194	115	19	50	10
17	Singapore	176	91	4	73	8
18	Russia	170	*	*	122	48
19	Brazil	169	2	*	135	33
20	Norway	136	90	13	32	1
21	Korea, South	122	13	35	68	6
22	Australia	118	74	4	34	6
23	British Virgin Islands	85	42	3	24	16
24	Mexico	84	17	2	60	5
25	Sweden	81	49	1	26	5
	Country Unknown	138	1	*	135	2
	Rest of the World	904	201	67	427	209
	Total	10,691	2,814	1,159	5,763	956
	of which: Foreign Official	4,346	426	466	2,970	484

*   Greater than zero but less than $500 million.
1.  Excludes Hong Kong, Macau, and Taiwan, which are reported separately.
2.  Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates.

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