# INTRODUCTION: International Financial Statistics

The tables in this section provide statistics on U.S. Government reserve
assets, liabilities to *foreigners*, and its international financial
position. All monetary figures are in dollars or dollar equivalents.

-   Table **IFS-1** shows reserve assets of the United States, including
    its gold stock, *special drawing rights* held in the Special Drawing
    Account in the *International Monetary* *Fund* *(IMF)*, holdings of
    convertible foreign currencies and reserve position in the *IMF*.

-   Table **IFS-2** contains statistics on liabilities to *foreign
    official institutions*, and selected liabilities to all other
    *foreigners*, which are used in the U.S. balance of payments
    statistics.

-   Table **IFS-3** shows nonmarketable bonds and notes that the
    Treasury issues to official institutions and other residents of
    foreign countries.

<table style="width:100%;">
<colgroup>
<col style="width: 35%" />
<col style="width: 2%" />
<col style="width: 10%" />
<col style="width: 3%" />
<col style="width: 0%" />
<col style="width: 9%" />
<col style="width: 2%" />
<col style="width: 10%" />
<col style="width: 3%" />
<col style="width: 9%" />
<col style="width: 1%" />
<col style="width: 10%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="12"><h3 id="table-ifs-1.u.s.-reserve-assets">TABLE
IFS-1.—U.S. Reserve Assets</h3>
<p>[In millions of dollars. Source: Treasury International Capital
Reporting System]</p></td>
</tr>
<tr class="even">
<td colspan="2">End of calendar<br />
year or month</td>
<td colspan="2">Total reserve<br />
assets <sup>1</sup><br />
(1)</td>
<td colspan="3">Gold stock <sup>2</sup><br />
(2)</td>
<td colspan="2">Special drawing<br />
rights <sup>1, 3</sup><br />
(3)</td>
<td colspan="2">Foreign currencies <sup>4</sup><br />
(4)</td>
<td>Reserve position in International Monetary<br />
Fund <sup>1, 5</sup><br />
(5)</td>
</tr>
<tr class="odd">
<td></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td>2004</td>
<td colspan="2">85,938</td>
<td colspan="3">11,043</td>
<td colspan="2">12,638</td>
<td colspan="2">39,722</td>
<td colspan="2">22,535</td>
</tr>
<tr class="odd">
<td>2005</td>
<td colspan="2">86,824</td>
<td colspan="3">11,045</td>
<td colspan="2">13,582</td>
<td colspan="2">42,718</td>
<td colspan="2">19,479</td>
</tr>
<tr class="even">
<td>2006</td>
<td colspan="2">65,127</td>
<td colspan="3">11,043</td>
<td colspan="2">8,210</td>
<td colspan="2">37,838</td>
<td colspan="2">8,036</td>
</tr>
<tr class="odd">
<td>2007</td>
<td colspan="2">65,895</td>
<td colspan="3">11,041</td>
<td colspan="2">8,870</td>
<td colspan="2">40,943</td>
<td colspan="2">5,040</td>
</tr>
<tr class="even">
<td></td>
<td colspan="2"> </td>
<td colspan="3"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
</tr>
<tr class="odd">
<td>2008 - Jan</td>
<td colspan="2">72,017</td>
<td colspan="3">11,041</td>
<td colspan="2">9,566</td>
<td colspan="2">47,173</td>
<td colspan="2">4,237</td>
</tr>
<tr class="even">
<td>Feb</td>
<td colspan="2">73,404</td>
<td colspan="3">11,041</td>
<td colspan="2">9,688</td>
<td colspan="2">48,395</td>
<td colspan="2">4,280</td>
</tr>
<tr class="odd">
<td>Mar</td>
<td colspan="2">75,764</td>
<td colspan="3">11,041</td>
<td colspan="2">9,892</td>
<td colspan="2">50,529</td>
<td colspan="2">4,302</td>
</tr>
<tr class="even">
<td>Apr</td>
<td colspan="2">74,372</td>
<td colspan="3">11,041</td>
<td colspan="2">9,767</td>
<td colspan="2">49,311</td>
<td colspan="2">4,253</td>
</tr>
<tr class="odd">
<td>May</td>
<td colspan="2">75,170</td>
<td colspan="3">11,041</td>
<td colspan="2">9,771</td>
<td colspan="2">49,247</td>
<td colspan="2">5,111</td>
</tr>
<tr class="even">
<td>June</td>
<td colspan="2">75,740</td>
<td colspan="3">11,041</td>
<td colspan="2">9,849</td>
<td colspan="2">49,613</td>
<td colspan="2">5,237</td>
</tr>
<tr class="odd">
<td>July</td>
<td colspan="2">74,832</td>
<td colspan="3">11,041</td>
<td colspan="2">9,772</td>
<td colspan="2">49,089</td>
<td colspan="2">4,930</td>
</tr>
<tr class="even">
<td>Aug</td>
<td colspan="2">72,560</td>
<td colspan="3">11,041</td>
<td colspan="2">9,494</td>
<td colspan="2">47,252</td>
<td colspan="2">4,774</td>
</tr>
<tr class="odd">
<td>Sept</td>
<td colspan="2">71,834</td>
<td colspan="3">11,041</td>
<td colspan="2">9,418</td>
<td colspan="2">46,626</td>
<td colspan="2">4,750</td>
</tr>
<tr class="even">
<td>Oct</td>
<td colspan="2">69,763</td>
<td colspan="3">11,041</td>
<td colspan="2">9,001</td>
<td colspan="2">45,288</td>
<td colspan="2">4,433</td>
</tr>
<tr class="odd">
<td>Nov</td>
<td colspan="2">73,378</td>
<td colspan="3">11,041</td>
<td colspan="2">9,023</td>
<td colspan="2">45,970</td>
<td colspan="2">7,344</td>
</tr>
<tr class="even">
<td>Dec</td>
<td colspan="2">77,648</td>
<td colspan="3">11,041</td>
<td colspan="2">9,340</td>
<td colspan="2">49,584</td>
<td colspan="2">7,683</td>
</tr>
<tr class="odd">
<td>2009 - Jan</td>
<td colspan="2">75,364</td>
<td colspan="3">11,041</td>
<td colspan="2">9,047</td>
<td colspan="2">47,595</td>
<td colspan="2">7,680</td>
</tr>
<tr class="even">
<td></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
</tr>
<tr class="odd">
<td></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
</tr>
<tr class="even">
<td colspan="5"><p><sup>1</sup> Beginning July 1974, the International
Monetary Fund (IMF) adopted a technique for valuing the special drawing
right (SDR) based on a weighted average of exchange rates for the
currencies of selected member countries. The U.S. SDR holdings and
reserve position in the IMF also are valued on this basis beginning July
1974.</p>
<p><sup>2</sup> Treasury values its gold stock at $42.2222 per fine troy
ounce and pursuant to 31 United States Code 5117 (b) issues gold
certificates to the Federal Reserve at the same rate against all gold
held.</p>
<p><sup>3</sup> Includes allocations of SDRs in the Special Drawing
Account in the IMF, plus or minus transactions in SDRs.</p></td>
<td colspan="7"><p><sup>4</sup> Includes holdings of Treasury and
Federal Reserve System; beginning November 1978, these are valued at
current market exchange rates or, where appropriate, at such other rates
as may be agreed upon by the parties to the transactions. Excludes
outstanding reciprocal currency swaps with the foreign central banks. At
end-January 2009 swaps outstanding were $387.448 billion: $206.373
billion with the European Central Bank, $20.380 billion with the Swiss
National Bank, $23.453 billion with the Bank of England, $84.582 billion
with the Bank of Japan, $10.160 billion with the Federal Reserve Bank of
Australia, $10 billion with the Bank of Sweden, $9.1 billion with the
National Bank of Denmark, $7.05 billion with the Bank of Norway, and
$16.350 billion with the Bank of Korea.</p>
<p><sup>5</sup> The United States has the right to purchase foreign
currencies equivalent to its reserve position in the IMF automatically
if needed. Under appropriate conditions, the United States could
purchase additional amounts related to the U.S. quota.</p>
<p>Note.—Detail may not add to totals due to rounding.</p></td>
</tr>
</tbody>
</table>

<table style="width:100%;">
<colgroup>
<col style="width: 12%" />
<col style="width: 7%" />
<col style="width: 0%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 5%" />
<col style="width: 2%" />
<col style="width: 7%" />
<col style="width: 0%" />
<col style="width: 7%" />
<col style="width: 1%" />
<col style="width: 6%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="16"><h3
id="table-ifs-2.selected-u.s.-liabilities-to-foreigners">TABLE
IFS-2.—Selected U.S. Liabilities to Foreigners</h3>
<p>[In millions of dollars. Source: Treasury International Capital
Reporting System]</p></td>
</tr>
<tr class="even">
<td></td>
<td></td>
<td colspan="13">Liabilities to foreign countries</td>
<td rowspan="4">Liabilities<br />
to non-<br />
monetary<br />
interna-<br />
tional and<br />
regional<br />
organiza-<br />
tions <sup>7</sup><br />
(11)</td>
</tr>
<tr class="odd">
<td></td>
<td colspan="2"></td>
<td colspan="7">Official institutions <sup>1</sup></td>
<td colspan="2"></td>
<td colspan="3"></td>
</tr>
<tr class="even">
<td rowspan="2">End of<br />
calendar<br />
year or<br />
month</td>
<td colspan="2" rowspan="2">Total<br />
(1)</td>
<td rowspan="2">Total<br />
(2)</td>
<td rowspan="2">Liabilities<br />
reported by<br />
banks in<br />
United<br />
States<br />
(3)</td>
<td rowspan="2">Marketable<br />
U.S.<br />
Treasury<br />
bonds<br />
and<br />
notes <sup>2</sup><br />
(4)</td>
<td colspan="2" rowspan="2">Non-marketable<br />
U.S.<br />
Treasury<br />
bonds<br />
and<br />
notes <sup>3</sup><br />
(5)</td>
<td colspan="2" rowspan="2">Other<br />
readily<br />
marketable<br />
liabilities <sup>2,</sup> <sup>4</sup><br />
(6)</td>
<td colspan="2" rowspan="2">Liabilities<br />
to<br />
banks <sup>5</sup><br />
(7)</td>
<td colspan="3">Liabilities to other foreigners</td>
</tr>
<tr class="odd">
<td>Total<br />
(8)</td>
<td>Liabilities<br />
reported<br />
by banks<br />
in the<br />
United<br />
States<br />
(9)</td>
<td>Marketable<br />
U.S.<br />
Treasury<br />
bonds<br />
and<br />
notes <sup>2, 6</sup><br />
(10)</td>
</tr>
<tr class="even">
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td>2000 - Mar. <sup>8</sup></td>
<td colspan="2">2,585,384</td>
<td>807,303</td>
<td>301,358</td>
<td>431,184</td>
<td colspan="2">5,734</td>
<td>69,027</td>
<td colspan="2">933,296</td>
<td colspan="2">813,312</td>
<td>196,440</td>
<td>616,872</td>
<td>31,473</td>
</tr>
<tr class="even">
<td>Series Break</td>
<td colspan="2">2,445,944</td>
<td>900,117</td>
<td>301,358</td>
<td>490,145</td>
<td colspan="2">5,734</td>
<td>102,880</td>
<td colspan="2">933,296</td>
<td colspan="2">586,996</td>
<td>196,440</td>
<td>390,556</td>
<td>25,535</td>
</tr>
<tr class="odd">
<td>2000</td>
<td colspan="2">2,565,942</td>
<td>916,095</td>
<td>297,603</td>
<td>475,866</td>
<td colspan="2">5,348</td>
<td>137,278</td>
<td colspan="2">1,049,619</td>
<td colspan="2">581,302</td>
<td>228,332</td>
<td>352,970</td>
<td>18,926</td>
</tr>
<tr class="even">
<td>2001</td>
<td colspan="2">2,724,292</td>
<td>923,501</td>
<td>282,290</td>
<td>479,340</td>
<td colspan="2">3,411</td>
<td>158,460</td>
<td colspan="2">1,125,812</td>
<td colspan="2">653,367</td>
<td>284,671</td>
<td>368,696</td>
<td>21,612</td>
</tr>
<tr class="odd">
<td>2002 - June <sup>8</sup></td>
<td colspan="2">3,002,222</td>
<td>981,627</td>
<td>328,090</td>
<td>476,197</td>
<td colspan="2">3,000</td>
<td>174,340</td>
<td colspan="2">1,299,551</td>
<td colspan="2">696,781</td>
<td>296,705</td>
<td>400,076</td>
<td>24,263</td>
</tr>
<tr class="even">
<td>Series Break</td>
<td colspan="2">3,003,380</td>
<td>1,039,702</td>
<td>328,090</td>
<td>556,603</td>
<td colspan="2">3,000</td>
<td>152,009</td>
<td colspan="2">1,299,551</td>
<td colspan="2">642,437</td>
<td>296,705</td>
<td>345,732</td>
<td>21,690</td>
</tr>
<tr class="odd">
<td>2002</td>
<td colspan="2">3,235,231</td>
<td>1,075,034</td>
<td>335,090</td>
<td>566,895</td>
<td colspan="2">2,769</td>
<td>170,280</td>
<td colspan="2">1,382,628</td>
<td colspan="2">750,877</td>
<td>325,764</td>
<td>425,113</td>
<td>26,692</td>
</tr>
<tr class="even">
<td>2003 - June <sup>8</sup></td>
<td colspan="2">3,586,765</td>
<td>1,169,600</td>
<td>379,114</td>
<td>601,767</td>
<td colspan="2">2,876</td>
<td>185,843</td>
<td colspan="2">1,431,589</td>
<td colspan="2">957,712</td>
<td>452,617</td>
<td>505,095</td>
<td>27,864</td>
</tr>
<tr class="odd">
<td>Series Break</td>
<td colspan="2">3,603,925</td>
<td>1,233,261</td>
<td>379,114</td>
<td>650,336</td>
<td colspan="2">2,876</td>
<td>200,935</td>
<td colspan="2">1,431,589</td>
<td colspan="2">911,398</td>
<td>452,617</td>
<td>458,781</td>
<td>27,677</td>
</tr>
<tr class="even">
<td>2003</td>
<td colspan="2">3,863,508</td>
<td>1,340,497</td>
<td>401,856</td>
<td>719,302</td>
<td colspan="2">2,613</td>
<td>216,726</td>
<td colspan="2">1,439,484</td>
<td colspan="2">1,057,446</td>
<td>518,962</td>
<td>538,484</td>
<td>26,081</td>
</tr>
<tr class="odd">
<td>2004 - June <sup>8</sup></td>
<td colspan="2">4,469,769</td>
<td>1,559,686</td>
<td>483,415</td>
<td>844,444</td>
<td colspan="2">1,569</td>
<td>230,258</td>
<td colspan="2">1,559,518</td>
<td colspan="2">1,326,934</td>
<td>666,476</td>
<td>660,458</td>
<td>23,631</td>
</tr>
<tr class="even">
<td>Series Break</td>
<td colspan="2">4,407,294</td>
<td>1,648,167</td>
<td>483,415</td>
<td>910,456</td>
<td colspan="2">1,569</td>
<td>252,727</td>
<td colspan="2">1,559,518</td>
<td colspan="2">1,169,285</td>
<td>666,476</td>
<td>502,809</td>
<td>30,324</td>
</tr>
<tr class="odd">
<td>2004</td>
<td colspan="2">4,819,747</td>
<td>1,775,080</td>
<td>515,586</td>
<td>986,454</td>
<td colspan="2">1,630</td>
<td>271,409</td>
<td colspan="2">1,677,951</td>
<td colspan="2">1,336,538</td>
<td>805,483</td>
<td>531,055</td>
<td>30,178</td>
</tr>
<tr class="even">
<td>2005 - June <sup>8</sup></td>
<td colspan="2">5,071,533</td>
<td>1,821,338</td>
<td>493,704</td>
<td>1,030,763</td>
<td colspan="2">911</td>
<td>295,960</td>
<td colspan="2">1,791,611</td>
<td colspan="2">1,424,082</td>
<td>776,836</td>
<td>647,246</td>
<td>34,502</td>
</tr>
<tr class="odd">
<td>Series Break</td>
<td colspan="2">5,066,404</td>
<td>1,957,191</td>
<td>493,704</td>
<td>1,077,953</td>
<td colspan="2">911</td>
<td>384,623</td>
<td colspan="2">1,791,611</td>
<td colspan="2">1,272,697</td>
<td>776,836</td>
<td>495,861</td>
<td>44,905</td>
</tr>
<tr class="even">
<td>2005</td>
<td colspan="2">5,371,689</td>
<td>2,012,633</td>
<td>498,510</td>
<td>1,102,333</td>
<td colspan="2">948</td>
<td>410,842</td>
<td colspan="2">1,895,920</td>
<td colspan="2">1,415,705</td>
<td>769,564</td>
<td>646,141</td>
<td>47,431</td>
</tr>
<tr class="odd">
<td>2006 - June <sup>8</sup></td>
<td colspan="2">6,067,606</td>
<td>2,070,222</td>
<td>493,689</td>
<td>1,112,617</td>
<td colspan="2">986</td>
<td>462,930</td>
<td colspan="2">2,189,215</td>
<td colspan="2">1,747,236</td>
<td>1,041,237</td>
<td>705,999</td>
<td>60,933</td>
</tr>
<tr class="even">
<td>Series Break</td>
<td colspan="2">6,056,316</td>
<td>2,275,684</td>
<td>493,689</td>
<td>1,211,819</td>
<td colspan="2">986</td>
<td>569,190</td>
<td colspan="2">2,189,215</td>
<td colspan="2">1,536,930</td>
<td>1,041,237</td>
<td>495,693</td>
<td>54,487</td>
</tr>
<tr class="odd">
<td>2006</td>
<td colspan="2">6,500,815</td>
<td>2,372,146</td>
<td>461,656</td>
<td>1,271,174</td>
<td colspan="2">1,026</td>
<td>638,290</td>
<td colspan="2">2,415,205</td>
<td colspan="2">1,663,272</td>
<td>1,102,362</td>
<td>560,910</td>
<td>50,192</td>
</tr>
<tr class="even">
<td>2007 - June <sup>8</sup></td>
<td colspan="2">7,095,223</td>
<td>2,515,167</td>
<td>495,176</td>
<td>1,281,070</td>
<td colspan="2">1,067</td>
<td>737,854</td>
<td colspan="2">2,607,127</td>
<td colspan="2">1,922,800</td>
<td>1,257,884</td>
<td>664,916</td>
<td>50,129</td>
</tr>
<tr class="odd">
<td>Series Break</td>
<td colspan="2">7,206,880</td>
<td>2,795,998</td>
<td>495,176</td>
<td>1,450,593</td>
<td colspan="2">1,067</td>
<td>849,161</td>
<td colspan="2">2,607,127</td>
<td colspan="2">1,756,192</td>
<td>1,257,884</td>
<td>498,308</td>
<td>47,563</td>
</tr>
<tr class="even">
<td></td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr class="odd">
<td>2007- Dec. r</td>
<td colspan="2">7,676,097</td>
<td>2,960,682</td>
<td>596,660</td>
<td>1,443,691</td>
<td colspan="2">1,111</td>
<td>919,220</td>
<td colspan="2">2,769,850</td>
<td colspan="2">1,901,789</td>
<td>1,311,466</td>
<td>590,323</td>
<td>43,776</td>
</tr>
<tr class="even">
<td>2008 - Jan. r</td>
<td colspan="2">7,786,089</td>
<td>3,026,966</td>
<td>623,519</td>
<td>1,479,792</td>
<td colspan="2">1,118</td>
<td>922,536</td>
<td colspan="2">2,741,442</td>
<td colspan="2">1,970,682</td>
<td>1,379,650</td>
<td>591,032</td>
<td>46,999</td>
</tr>
<tr class="odd">
<td>Feb. r</td>
<td colspan="2">7,877,666</td>
<td>3,014,409</td>
<td>608,986</td>
<td>1,476,198</td>
<td colspan="2">1,125</td>
<td>928,099</td>
<td colspan="2">2,759,533</td>
<td colspan="2">2,057,747</td>
<td>1,450,990</td>
<td>606,757</td>
<td>45,977</td>
</tr>
<tr class="even">
<td>Mar. r</td>
<td colspan="2">7,876,664</td>
<td>3,028,218</td>
<td>574,751</td>
<td>1,504,209</td>
<td colspan="2">1,133</td>
<td>948,124</td>
<td colspan="2">2,733,258</td>
<td colspan="2">2,069,751</td>
<td>1,440,161</td>
<td>629,590</td>
<td>45,437</td>
</tr>
<tr class="odd">
<td>Apr. r</td>
<td colspan="2">7,904,939</td>
<td>3,061,337</td>
<td>567,040</td>
<td>1,526,507</td>
<td colspan="2">1,140</td>
<td>966,649</td>
<td colspan="2">2,681,487</td>
<td colspan="2">2,120,001</td>
<td>1,436,131</td>
<td>683,870</td>
<td>42,114</td>
</tr>
<tr class="even">
<td>May r</td>
<td colspan="2">7,863,434</td>
<td>3,079,202</td>
<td>568,497</td>
<td>1,522,783</td>
<td colspan="2">1,148</td>
<td>986,773</td>
<td colspan="2">2,587,530</td>
<td colspan="2">2,151,341</td>
<td>1,461,904</td>
<td>689,437</td>
<td>45,362</td>
</tr>
<tr class="odd">
<td>June r</td>
<td colspan="2">7,760,608</td>
<td>3,096,073</td>
<td>571,012</td>
<td>1,523,888</td>
<td colspan="2">1,155</td>
<td>1,000,017</td>
<td colspan="2">2,528,835</td>
<td colspan="2">2,093,385</td>
<td>1,377,376</td>
<td>716,009</td>
<td>42,315</td>
</tr>
<tr class="even">
<td>July</td>
<td colspan="2">7,761,133</td>
<td>3,116,242</td>
<td>597,093</td>
<td>1,533,956</td>
<td colspan="2">1,163</td>
<td>984,029</td>
<td colspan="2">2,477,911</td>
<td colspan="2">2,123,573</td>
<td>1,383,252</td>
<td>740,321</td>
<td>43,407</td>
</tr>
<tr class="odd">
<td>Aug</td>
<td colspan="2">7,808,290</td>
<td>3,118,077</td>
<td>607,728</td>
<td>1,538,804</td>
<td colspan="2">1,171</td>
<td>970,373</td>
<td colspan="2">2,481,414</td>
<td colspan="2">2,164,072</td>
<td>1,395,559</td>
<td>768,513</td>
<td>44,727</td>
</tr>
<tr class="even">
<td>Sept</td>
<td colspan="2">7,808,094</td>
<td>3,137,768</td>
<td>632,294</td>
<td>1,543,748</td>
<td colspan="2">1,179</td>
<td>960,546</td>
<td colspan="2">2,567,451</td>
<td colspan="2">2,062,622</td>
<td>1,278,592</td>
<td>784,030</td>
<td>40,254</td>
</tr>
<tr class="odd">
<td>Oct</td>
<td colspan="2">8,045,569</td>
<td>3,152,262</td>
<td>663,873</td>
<td>1,542,664</td>
<td colspan="2">1,187</td>
<td>944,538</td>
<td colspan="2">2,834,696</td>
<td colspan="2">2,018,066</td>
<td>1,199,559</td>
<td>818,507</td>
<td>40,545</td>
</tr>
<tr class="even">
<td>Nov. p</td>
<td colspan="2">7,996,668</td>
<td>3,144,329</td>
<td>694,707</td>
<td>1,516,459</td>
<td colspan="2">1,194</td>
<td>931,968</td>
<td colspan="2">2,819,710</td>
<td colspan="2">1,983,339</td>
<td>1,164,999</td>
<td>818,340</td>
<td>49,290</td>
</tr>
<tr class="odd">
<td>Dec. p</td>
<td colspan="2">7,877,123</td>
<td>3,152,008</td>
<td>707,856</td>
<td>1,520,310</td>
<td colspan="2">1,203</td>
<td>922,639</td>
<td colspan="2">2,683,349</td>
<td colspan="2">1,989,619</td>
<td>1,159,451</td>
<td>830,168</td>
<td>52,147</td>
</tr>
<tr class="even">
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="odd">
<td></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr class="even">
<td colspan="7"><p><sup>1</sup> Includes Bank for International
Settlements.</p>
<p><sup>2</sup> Derived by applying reported transactions to benchmark
data.</p>
<p><sup>3</sup> Includes current value of zero-coupon Treasury bond
issues to foreign governments as follows: Mexico, beginning March 1990,
30-year maturity issue; Venezuela, beginning December 1990, 30-year
maturity issue; Argentina, beginning April 1993, 30-year maturity issue.
Also, see footnotes to table IFS-3.</p>
<p><sup>4</sup> Includes debt securities of U.S. Government
corporations, federally-sponsored agencies and private corporations.</p>
<p><sup>5</sup> Includes liabilities payable in dollars to foreign banks
and liabilities payable in foreign currencies to foreign banks and to
“other foreigners.”</p>
<p><sup>6</sup> Includes marketable U.S. Government bonds and notes held
by foreign banks.</p>
<p><sup>7</sup> Principally the International Bank for Reconstruction
and Development, the Inter-American Development Bank, and the Asian
Development Bank.</p></td>
<td colspan="9"><p><sup>8</sup> Data on the two lines shown for this
date reflect different benchmark bases for foreigners’ holdings of
selected U.S. long-term securities. Figures on the first line are
comparable to those for earlier dates; figures on the second line are
based in part on benchmark surveys as of end-March 2000, end-June 2002,
end-June 2003, end-June 2004, end-June 2005, end-June 2006 and end-June
2007 respectively, and are comparable to those shown for the following
dates.</p>
<p>Note.—Table is based on Treasury data and on data reported to the
Treasury by banks, other depository institutions and brokers in the
United States. Data generally correspond to statistics following in this
section and in the “Capital Movements” section. Table excludes
International Monetary Fund “holdings of dollars” and holdings of U.S.
Treasury letters of credit and nonnegotiable noninterest-bearing special
U.S. notes held by international and regional organizations.</p></td>
</tr>
</tbody>
</table>

<table>
<colgroup>
<col style="width: 32%" />
<col style="width: 3%" />
<col style="width: 10%" />
<col style="width: 4%" />
<col style="width: 0%" />
<col style="width: 8%" />
<col style="width: 3%" />
<col style="width: 10%" />
<col style="width: 5%" />
<col style="width: 8%" />
<col style="width: 2%" />
<col style="width: 8%" />
<col style="width: 1%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="13"><h3
id="table-ifs-3.nonmarketable-u.s.-treasury-bonds-and-notes-issued-to-official-institutions-and-other-residents-of-foreign-countries">TABLE
IFS-3.—Nonmarketable U.S. Treasury Bonds and Notes Issued<br />
to Official Institutions and Other Residents of Foreign Countries</h3>
<p>[In millions of dollars. Source: Treasury International Capital
Reporting System]</p></td>
</tr>
<tr class="even">
<td colspan="2" rowspan="2">End of calendar<br />
year or month</td>
<td colspan="2"></td>
<td colspan="9">Payable in dollars</td>
</tr>
<tr class="odd">
<td colspan="3">Grand total<br />
(1)</td>
<td colspan="2">Total<br />
(2)</td>
<td colspan="2">Argentina <sup>1</sup><br />
(3)</td>
<td colspan="2">Mexico <sup>2</sup><br />
(4)</td>
<td colspan="2">Venezuela <sup>3</sup><br />
(5)</td>
</tr>
<tr class="even">
<td></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="3"></td>
</tr>
<tr class="odd">
<td>2003</td>
<td colspan="2">2,613</td>
<td colspan="3">2,613</td>
<td colspan="2">768</td>
<td colspan="2">1,102</td>
<td colspan="2">743</td>
<td></td>
</tr>
<tr class="even">
<td>2004</td>
<td colspan="2">1,630</td>
<td colspan="3">1,630</td>
<td colspan="2">825</td>
<td colspan="2">-</td>
<td colspan="2">805</td>
<td></td>
</tr>
<tr class="odd">
<td>2005</td>
<td colspan="2">948</td>
<td colspan="3">948</td>
<td colspan="2">77</td>
<td colspan="2">-</td>
<td colspan="2">871</td>
<td></td>
</tr>
<tr class="even">
<td>2006</td>
<td colspan="2">1,026</td>
<td colspan="3">1,026</td>
<td colspan="2">82</td>
<td colspan="2">-</td>
<td colspan="2">944</td>
<td></td>
</tr>
<tr class="odd">
<td></td>
<td colspan="2"> </td>
<td colspan="3"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td colspan="2"> </td>
<td></td>
</tr>
<tr class="even">
<td>2007 - Dec</td>
<td colspan="2">1,111</td>
<td colspan="3">1,111</td>
<td colspan="2">88</td>
<td colspan="2">-</td>
<td colspan="2">1,022</td>
<td></td>
</tr>
<tr class="odd">
<td>2008 - Jan</td>
<td colspan="2">1,118</td>
<td colspan="3">1,118</td>
<td colspan="2">89</td>
<td colspan="2">-</td>
<td colspan="2">1,029</td>
<td></td>
</tr>
<tr class="even">
<td>Feb</td>
<td colspan="2">1,125</td>
<td colspan="3">1,125</td>
<td colspan="2">89</td>
<td colspan="2">-</td>
<td colspan="2">1,036</td>
<td></td>
</tr>
<tr class="odd">
<td>Mar</td>
<td colspan="2">1,133</td>
<td colspan="3">1,133</td>
<td colspan="2">90</td>
<td colspan="2">-</td>
<td colspan="2">1,043</td>
<td></td>
</tr>
<tr class="even">
<td>Apr</td>
<td colspan="2">1,140</td>
<td colspan="3">1,140</td>
<td colspan="2">91</td>
<td colspan="2">-</td>
<td colspan="2">1,050</td>
<td></td>
</tr>
<tr class="odd">
<td>May</td>
<td colspan="2">1,148</td>
<td colspan="3">1,148</td>
<td colspan="2">91</td>
<td colspan="2">-</td>
<td colspan="2">1,057</td>
<td></td>
</tr>
<tr class="even">
<td>June</td>
<td colspan="2">1,155</td>
<td colspan="3">1,155</td>
<td colspan="2">92</td>
<td colspan="2">-</td>
<td colspan="2">1,064</td>
<td></td>
</tr>
<tr class="odd">
<td>July</td>
<td colspan="2">1,163</td>
<td colspan="3">1,163</td>
<td colspan="2">92</td>
<td colspan="2">-</td>
<td colspan="2">1,071</td>
<td></td>
</tr>
<tr class="even">
<td>Aug</td>
<td colspan="2">1,171</td>
<td colspan="3">1,171</td>
<td colspan="2">93</td>
<td colspan="2">-</td>
<td colspan="2">1,078</td>
<td></td>
</tr>
<tr class="odd">
<td>Sept</td>
<td colspan="2">1,179</td>
<td colspan="3">1,179</td>
<td colspan="2">93</td>
<td colspan="2">-</td>
<td colspan="2">1,086</td>
<td></td>
</tr>
<tr class="even">
<td>Oct</td>
<td colspan="2">1,187</td>
<td colspan="3">1,187</td>
<td colspan="2">94</td>
<td colspan="2">-</td>
<td colspan="2">1,093</td>
<td></td>
</tr>
<tr class="odd">
<td>Nov</td>
<td colspan="2">1,194</td>
<td colspan="3">1,194</td>
<td colspan="2">94</td>
<td colspan="2">-</td>
<td colspan="2">1,100</td>
<td></td>
</tr>
<tr class="even">
<td>Dec</td>
<td colspan="2">1,203</td>
<td colspan="3">1,203</td>
<td colspan="2">95</td>
<td colspan="2">-</td>
<td colspan="2">1,108</td>
<td></td>
</tr>
<tr class="odd">
<td></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="even">
<td></td>
<td colspan="2"></td>
<td colspan="3"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td colspan="2"></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="5"><p><sup>1</sup> Beginning April 1993, includes current
value (principal and accrued interest) of zero-coupon, 30-year maturity
Treasury bond issue to the government of Argentina. Remaining face value
of issue is $264 million.</p>
<p><sup>2</sup> Beginning March 1990, indicates current value of
zero-coupon, 30-year maturity issue to the government of Mexico.
Note.—This issue was paid off in full and retired on January 29,
2004.</p></td>
<td colspan="7"><sup>3</sup> Beginning December 1990, indicates current
value of zero-coupon, 30-year maturity Treasury bond issue to the
Republic of Venezuela. Remaining face value of issue is $2,721
million.</td>
<td></td>
</tr>
</tbody>
</table>