U.S. Department of the Treasury

Office of Public Affairs

Press Release: August 31, 2022

Contact: Treasury Public Affairs, (202) 622-2960

Preliminary Annual Report on U.S. Holdings of Foreign Securities 

at Year-End 2021 

Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign 

securities at year-end 2021 were released today and posted on the Treasury web site at 

(https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-formsinstructions/us-claims-on-foreigners-from-holdings-of-foreign-securities). The final survey 

report, which will include additional detail as well as possible revisions to the data, will be 

released on October 31, 2022.

The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve 

Bank of New York, and the Board of Governors of the Federal Reserve System. 

A complementary survey measuring foreign holdings of U.S. securities also is conducted 

annually. Data from the most recent such survey, which reports on securities held on June 30, 

2022, are currently being processed. Preliminary results are expected to be reported on February 

28, 2023.

Overall Preliminary Results

The survey measured the value of U.S. holdings of foreign securities at year-end 2021 at 

approximately $16.3 trillion, with $12.0 trillion held in foreign equities, $3.7 trillion held in 

foreign long-term debt securities (original term-to-maturity in excess of one year), and $0.6

trillion held in foreign short-term debt securities. The previous such survey, conducted as of 

year-end 2020, measured the value of U.S. holdings at $14.4 trillion, with $10.6 trillion held in 

foreign equities, $3.4 trillion held in foreign long-term debt securities, and $0.4 trillion held in 

foreign short-term debt securities.
Table 1. U.S. portfolio holdings of foreign securities, by type of security, as of survey dates

(Billions of dollars)

Type of Security Dec. 31, 2020 Dec. 31, 2021

Long-term securities 13,998 15,736

Equities 10,615 12,027

Long-term debt 3,373 3,709

Short-term debt securities 399 562

Total 14,387 16,298

Table 2. U.S. portfolio holdings of foreign securities, by country of issuer and type of security, 

for the countries attracting the most U.S. portfolio investment, as of December 31, 2021

(Market value, billions of dollars, except as noted)

Total Equity Long-term Debt Short-term Debt 

1 Cayman Islands 2,778 2,059 709 10

2 United Kingdom 1,615 1,089 456 71

3 Canada 1,471 883 446 143

4 Japan 1,283 1,031 206 47

5 Ireland 924 803 102 19

6 France 801 577 179 45

7 Netherlands 752 562 184 5

8 Switzerland 742 697 43 2

9 Germany 564 458 84 22

10 Australia 459 259 135 65

11 Taiwan 371 369 2 0

12 India 306 293 12 *

13 China, mainland 302 267 33 2

14 Bermuda 298 248 50 *

15 Korea, South 282 253 27 2

16 Sweden 264 208 25 31

17 Luxembourg 222 151 65 6

18 Denmark 181 161 19 1

19 Spain 171 118 50 3

20 Jersey 169 154 15 1

21 Mexico 165 75 89 *

22 Italy 162 107 55 *

23 Brazil 151 125 25 *

24 Hong Kong 148 140 8 1

25 International organizations 138 * 126 12

26 Singapore 120 65 14 40

27 Israel 118 93 23 3

28 Norway 86 46 30 10

29 British Virgin Islands 85 70 15 *

30 Russia 84 69 15 0

Rest of world 1,087 597 469 21

Total 16,298 12,027 3,709 562

* Greater than zero, but less than $500 million. (1) China excludes Hong Kong and Macau, which are reported 

separately.