U.S. Department of the Treasury

Office of Public Affairs

Press Release: Embargoed for 4 p.m. EST, February 28, 2022

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

Preliminary Report on Foreign Holdings of U.S. Securities at End-June 2021

Washington – Preliminary data from the June 2021 benchmark survey of foreign portfolio 

holdings of U.S. securities were released today on the Treasury website at 

https://home.treasury.gov/data/treasury-international-capital-tic-system/us-liabilities-toforeigners-from-holdings-of-us-securities. Final survey results, which will include additional

detail as well as possible revisions to the preliminary data, will be reported on April 29, 2022. 

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 annual survey will cover holdings 

at the end of June 2022; preliminary data are expected to be released by February 28, 2023.

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 2021, are 

currently being processed. Preliminary results are expected to be reported by August 31, 2022.

Overall Preliminary Results

The survey measured the value of foreign holdings of U.S. securities as of June 30, 2021, to be 

$27,289 billion, with $13,740 billion held in U.S. equities, $12,450 billion held in U.S. long-term 

debt securities [1] (of which $1,562 billion are holdings of asset-backed securities (ABS) [2] and 

$10,889 billion are holdings of non-ABS securities), and $1,099 billion held in U.S. short-term 

debt securities. The previous survey, conducted as of June 30, 2020, measured the value of total 

foreign holdings of U.S. securities at $21,954 billion, with holdings of $9,168 billion in U.S. 

equities, $11,559 billion in U.S. long-term debt securities, and $1,228 billion in U.S. short-term 

debt securities (see Table A). 

[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 A. Foreign holdings of U.S. securities, by type of security, as of recent survey dates

(Billions of dollars)

Type of security June 30, 2020 June 30, 2021

Long-term securities 20,726 26,190

 Equities 9,168 13,740

 Long-term debt 11,559 12,450

 Asset-backed 1,489 1,562

 Other 10,070 10,889

Short-term debt securities 1,228 1,099

Total 21,954 27,289

Of which: Official 6,310 6,489

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, 2021

(Billions of dollars)

Total Equities Long-term debt Short

ABS Other -term

1 Japan 2,767 866 332 1,502 67

2 United Kingdom 2,631 1,541 60 955 74

3 Cayman Islands 2,467 1,538 139 663 127

4 Luxembourg 2,301 1,195 68 891 147

5 Canada 1,977 1,495 108 354 20

6 China, mainland [i] 1,575 273 217 1,081 3

7 Ireland 1,503 821 65 442 175

8 Switzerland 1,184 759 26 366 34

9 Belgium 921 104 14 769 34

10 Taiwan 757 110 245 397 6

11 France 682 359 25 278 20

12 Norway 614 446 * 167 1

13 Singapore 601 349 14 214 24

14 Korea, South 572 330 44 183 16

15 Germany 562 332 14 209 8

16 Netherlands 534 354 19 158 2

17 Australia 475 382 12 72 9

18 Hong Kong 471 170 9 270 22

19 Bermuda 383 138 44 167 34

20 Kuwait 373 285 7 55 25

21 Sweden 356 307 * 48 1

22 Saudi Arabia 323 182 2 114 24

23 Brazil 266 16 * 250 1

24 Denmark 258 219 1 37 1

25 India 230 9 * 210 11

Rest of world 2,506 1,160 95 1,036 216

Total 27,289 13,740 1,562 10,889 1,099

of which: Foreign official 

institutions

6,489 1,438 645 4,116 290

* Less than $500 million but more than zero.

[i]. Excludes Hong Kong, Macau, and Taiwan, which are reported separately.