U.S. Department of the Treasury

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HP-337 

Preliminary data from a survey of foreign portfolio holdings of U.S. securities at end-June 2006 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 end-January 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 May 31, 2007.  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 2007, and preliminary data are expected to be released by February 29, 2008.    

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 2006, are currently being processed.  Preliminary results are expected to be reported by September 30, 2007.

Overall Preliminary Results

The survey measured foreign holdings of U.S. securities as of June 30, 2006, to be $7,779 billion, with $2,431 billion held in U.S. equities, $4,733 billion in U.S. long-term debt securities1 (of which $980 are holdings of asset-backed securities (ABS) 2 and $3,753 are holdings of non-ABS securities), and $615 billion held in U.S. short-term debt securities.  The previous survey, conducted as of June 30, 2005, measured foreign holdings of $2,144 billion in U.S. equities, $4,118 billion in U.S. long-term debt securities, and $602 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.

Table 1.  Foreign holdings of U.S. securities, by type of security, as of recent survey dates
(Billions of dollars)

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, 2006
(Billions of dollars)

*   Greater than zero but less than $500 million.
1.  Excludes Hong Kong, Macau, and Taiwan, which are reported separately.
2.  Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates.

REPORTS

• Preliminary Report On Foreign Holdings Of U.S. Securities At End-June 2006