U.S. TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS

EMBARGOED UNTIL FRIDAY, APRIL 28, 2006, 4 P.M. EDT 

CONTACT Brookly McLaughlin (202) 622-2920 

Preliminary Report on Foreign Holdings of U.S. Securities At End-June 2005 

Preliminary data from a survey of foreign portfolio holdings of U.S. securities at end-June 2005 

are released today on the U.S. Treasury web site at (http://www.treas.gov/tic/fpis.html). Final 

survey results, which will provide additional detail as well as possibly revise the preliminary 

data, will be reported by June 30, 2006. The 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 foreign holdings of U.S. Securities at end-June 2006. 

Complementary surveys measuring U.S. holdings of foreign securities are also carried out 

annually. Data from the most recent such survey, which reports on securities held on year-end 

2005, are currently being processed. Preliminary results are expected to be reported by 

September 30, 2006. 

Overall Preliminary Results 

The survey measured foreign holdings as of June 30, 2005, of $6,863 billion, with $2,143 billion

held in U.S. equities, $4,118 billion in U.S. long-term debt securities (of which $717 billion are 

holdings of asset-backed securities (ABS)), and $602 billion held in U.S. short-term debt 

securities.1

 Foreign holdings as of June 30, 2004, were $1,930 billion in U.S. equities, $3,501 

billion in U.S. long-term debt securities, and $588 billion in short-term U.S. debt securities (see 

Table 1). 

 

1

 Long-term securities have an original term-to-maturity of over one year. 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. 
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, 2004 June 30, 2005

Long-term Securities 5,431 r 6,261 

 Equity 1,930 r 2,143 

 Long-term debt 3,501 r 4,118 

 Asset-backed 453 r 717 

 Other 3,048 r 3,401 

Short-term debt securities 588 602

Total 6,019 r 6,863 

Of which: Official 1,663 r 1,992 r

 revised. 

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, 2005 

(Billions of dollars) 

Country or category Total Equities Long-term debt Short-term debt

1 Japan 1,091 178 814 100

2 United Kingdom 560 260 283 16 

3 China, Mainland 527 3 485 40 

4 Luxembourg 460 151 273 37 

5 Cayman Islands 430 152 252 26 

6 Belgium 335 18 312 5 

7 Canada 308 221 74 13

8 Netherlands 262 161 93 8 

9 Switzerland 238 129 94 15

10 Bermuda 202 59 123 20

11 Germany 200 83 110 8 

12 Ireland 191 58 80 53 

13 Middle East Oil-Exporters

1 161 82 54 24

14 Singapore 144 89 51 4

15 Taiwan 126 7 117 2

16 France 121 70 41 10 

17 Korea, South 118 1 106 11 

18 Hong Kong 96 23 47 26 

19 Australia 92 57 26 10

20 Sweden 84 49 33 1

21 Mexico 80 13 51 16

22 Russia 76 * 14 62

23 British Virgin Islands 75 47 24 4 

24 Norway 68 37 29 2 

25 Italy 50 31 15 4 

 Country Unknown 196 2 193 1

Rest of world 569 162 323 84

Total 6,863 2,143 4,118 602

Of which: Official 1,992 179 1,474 338

 1. Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (Trucial States) 

* Less than $500 million.. 

2