Report on Foreign Portfolio Holdings of U.S. Securities at End-June 2013

Washington, DC - The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2013 were released today. 

The survey was undertaken jointly by Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System.  The next survey will cover holdings at the end of June 2014; preliminary data are expected to be released by February 27, 2015.

Complementary surveys measuring U.S. holdings of foreign securities are also carried out annually.  Data from the most recent survey, reporting on securities held at year-end 2013, are currently being processed.  Preliminary results are expected to be reported by August 29, 2014.

The survey measured the value of foreign portfolio holdings of U.S. securities as of June 30, 2013, to be $14,410 billion, with $5,070 billion held in U.S. equities, $8,462 billion in U.S. long-term debt securities [note 1] (of which $1,060 billion are holdings of asset-backed securities (ABS) [note 2] and $7,402 billion are holdings of non-ABS securities), and $878 billion held in U.S. short-term debt securities.  The previous survey, conducted as of June 30, 2012, measured the value of total foreign holdings of U.S. securities at $12,451 billion, with holdings of $4,237 billion in U.S. equities, $8,213 billion in U.S. long-term debt securities, and $811 billion in U.S. short-term debt securities (see Table A). 

[note 1]  Long-term debt securities have an original term-to-maturity of over one year.
[note 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 A.  Foreign holdings of U.S. securities,
by type of security, as of selected survey dates
(Billions of dollars)

 

June 30, 2012

June 30, 2013

Long-term securities

12,451

13,532

Equities

4,237

5,070

Long-term debt

8,213

8,462

Asset-backed

1,122

1.060

Other

7,091

7,402

Short-term debt securities

811

878

Total

13,261

14,410

Of which: Official

5,149

5,406

 

 

Table B. 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, 2013
(Billions of dollars)

Country or category

Total

Equities

Long-term debt

Short-term debt

 

ABS

Other

 

Japan

1,766

316

171

1,216

63

 

China, mainland [i]

1,735

261

160

1,310

5

 

Cayman Islands

1,168

628

135

309

96

 

United Kingdom

1,116

584

35

467

30

 

Luxembourg

990

378

57

475

80

 

Canada

814

617

20

154

24

 

Switzerland

581

266

23

261

32

 

Ireland

575

141

73

248

114

 

Middle East Oil-Exporters [ii]

545

275

15

174

82

 

Belgium

490

29

23

425

13

 

Taiwan

372

23

127

219

3

 

Bermuda

325

74

45

181

25

 

Singapore

272

129

4

133

5

 

Netherlands

270

164

25

75

6

 

Germany

265

111

33

115

5

 

Brazil

261

4

*

237

20

 

Norway

254

154

1

98

2

 

Hong Kong

215

56

9

116

35

 

Australia

215

149

5

44

16

 

France

214

115

10

78

11

 

Korea, South

155

36

38

70

12

 

Russia

139

*

*

139

*

 

British Virgin Islands

139

101

7

20

11

 

Sweden

135

90

1

36

8

 

Mexico

131

32

3

84

11

 

Country Unknown

51

*

*

51

*

 

Rest of World

1,218

338

42

666

171

 

Total

14,410

5,070

1,060

7,402

878

 

of which: Foreign Official

5,406

799

337

3,889

381

 

 

* Greater than zero but less than $500 million.
i.  Excludes Hong Kong and Macau, which are reported separately.
ii.  Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Note:  Components may not sum to totals because of rounding.

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