U.S. TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS 

EMBARGOED UNTIL 4 p.m. (EDT), February 29, 2008 

CONTACT Rob Saliterman, (202) 622-2960

PRELIMINARY REPORT ON 

FOREIGN HOLDINGS OF U.S. SECURITIES 

AT END-JUNE 2007 

Preliminary data from a survey of foreign portfolio holdings of U.S. securities at end-June 2007 

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

revised table on Major Foreign Holders of Treasury Securities, where estimates through endDecember 2007 are based in part on survey data, is also released at 

(http://www.treas.gov/tic/ticsec2.html, on line 4). Final survey results, which will include 

additional detail as well as possible revisions to the preliminary data, will be reported on April 

30, 2008. 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 end-June 2008, and preliminary data are expected to be released by February 27, 2009. 

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

annually. Data from the most recent survey, reporting on securities held on year-end 2007, are 

currently being processed. Preliminary results are expected to be reported by August 29, 2008. 

Overall Preliminary Results

The survey measured foreign holdings of U.S. securities as of June 30, 2007, to be $9,772 

billion, with $3,130 billion held in U.S. equities, $6,007 billion in U.S. long-term debt securities1

(of which $1,472 billion are holdings of asset-backed securities (ABS) 2 and $4,535 billion are 

holdings of non-ABS securities), and $635 billion held in U.S. short-term debt securities. The 

previous survey, conducted as of June 30, 2006, measured foreign holdings of $2,430 billion in 

U.S. equities, $4,733 billion in U.S. long-term debt securities, and $615 billion in short-term 

U.S. debt securities (see Table 1). 

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. 
2

 

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, 2006 June 30, 2007

Long-term Securities 7,162 9,136 

 Equity 2,430 3,130 

 Long-term debt 4,733 6,007 

 Asset-backed 980 1,472 

 Other 3,753 4,535 

Short-term debt securities 615 635 

Total 7,778 9,772 

Of which: Official 2,301 2,823 

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, 2007 

(Billions of dollars) 

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

ABS Other debt

1 Japan 1,197 220 133 768 76 

2 China (Mainland)1 922 29 217 653 23 

3 United Kingdom 921 421 160 316 24 

4 Cayman Islands 740 279 236 186 38 

5 Luxembourg 703 235 104 320 44 

6 Canada 475 347 23 83 22 

7 Belgium 396 25 56 313 3 

8 Ireland 342 81 75 101 85 

9 Switzerland 329 174 41 99 15 

10 Netherlands 321 185 64 59 13 

11 Middle East Oil Exporters2 308 139 18 107 44 

12 Germany 266 100 51 105 11 

13 Bermuda 238 90 53 80 15 

14 France 221 132 36 48 6 

15 Singapore 175 108 13 52 3 

16 Australia 165 87 8 62 9 

17 Russia 148 0 0 109 39 

18 Korea, South 138 5 13 105 15 

19 Hong Kong 138 31 24 75 9 

20 Taiwan 121 11 27 80 3 

21 Norway 109 56 26 22 5 

22 British Virgin Islands 108 67 2 32 7 

23 Mexico 107 19 2 74 13 

24 Brazil 106 1 0 103 2 

25 Sweden 99 60 4 32 4 

 Country Unknown 214 0 1 211 2 

Rest of the World 762 228 87 342 106 

Total 9,772 3,130 1,472 4,535 635 

 of which: Official 2,823 266 280 2,021 256 

1. Excludes Hong Kong, Macau, and Taiwan, which are reported separately. 

2. Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates.