Markets Wired

WASHINGTON – The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2023 were released today on the Treasury website. 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 survey will cover holdings at the end of June 2024; preliminary data are expected to be released by February 28, 2025.

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 2023, are currently being processed. Preliminary results are expected to be reported by August 30, 2024.

The survey measured the value of foreign portfolio holdings of U.S. securities as of June 30, 2023, to be $26,872 billion, with $13,719 billion held in U.S. equities, $11,967 billion in U.S. long-term debt securities ^[/1] (of which $1,547 billion are holdings of asset-backed securities (ABS) ^[/2] and $10,420 billion are holdings of non-ABS securities), and $1,186 billion held in U.S. short-term debt securities. The previous survey, conducted as of June 30, 2022, measured the value of total foreign holdings of U.S. securities at $24,893 billion, with holdings of $12,177 billion in U.S. equities, $11,591 billion in U.S. long-term debt securities, and $1,124 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 selected survey dates (Billions of dollars)
	June 30, 2022	June 30, 2023
Long-term securities	23,768	25,686
Equities	12,177	13,719
Long-term debt	11,591	11,967
Asset-backed	1,494	1,547
Other	10,097	10,420
Short-term debt securities	1,124	1,186
Total	24,893	26,872
Of which: Official	5,946	6,146

 

 

Table B. Foreign holdings of U.S. securities, by country and type of security,  for the major investing countries into the United States, as of June 30, 2023 (Billions of dollars)
Country or category		Total	Equities	Long-term debt			Short-term debt
				Treasury	Agency	Corporate
1	United Kingdom	2,627	1,457	580	55	435	99
2	Japan	2,494	837	1,035	253	300	69
3	Cayman Islands	2,365	1,575	155	30	477	128
4	Luxembourg	2,094	1,088	255	39	584	129
5	Canada	2,055	1,458	248	106	213	30
6	Ireland	1,476	842	202	37	248	148
7	China, mainland [i]	1,432	309	829	270	19	5
8	Switzerland	1,087	683	242	8	91	63
9	Belgium	980	85	259	11	552	72
10	Taiwan	717	112	236	208	154	6
11	Norway	693	511	126	*	56	1
12	France	679	363	196	20	78	22
13	Singapore	674	408	178	7	71	9
14	Germany	623	412	83	5	110	13
15	Korea, South	585	387	103	37	47	12
16	Australia	571	474	44	6	34	14
17	Netherlands	478	320	72	16	66	4
18	Hong Kong	434	168	169	8	59	30
19	Kuwait	375	279	40	4	27	25
20	Sweden	365	315	42	*	8	1
21	Bermuda	364	131	42	22	124	45
22	Saudi Arabia	306	184	100	3	8	11
23	India	248	12	233	*	1	2
24	Brazil	246	17	223	*	1	5
25	British Virgin Islands	220	135	34	2	26	23
Other		2,682	1,159	911	122	273	218
Total		26,872	13,719	6,639	1,270	4,059	1,186
	of which: Official	6,146	1,554	3,544	657	168	224

 

_{* Less than $500 million but more than zero.}

_{[i] Excludes Hong Kong and Macau, which are reported separately.}