WASHINGTON - The final results from the annual survey of foreign portfolio holdings of U.S. securities at the end of June 2017 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 2018; preliminary data are expected to be released by February 28, 2019.
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 2017, are currently being processed. Preliminary results are expected to be reported by August 31, 2018.
The survey measured the value of foreign portfolio holdings of U.S. securities as of June 30, 2017, to be $18,409 billion, with $7,189 billion held in U.S. equities, $10,290 billion in U.S. long-term debt securities [/1] (of which $1,262 billion are holdings of asset-backed securities (ABS) [/2] and $9,028 billion are holdings of non-ABS securities), and $930 billion held in U.S. short-term debt securities. The previous survey, conducted as of June 30, 2016, measured the value of total foreign holdings of U.S. securities at $17,139 billion, with holdings of $6,186 billion in U.S. equities, $10,044 billion in U.S. long-term debt securities, and $909 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,
|June 30, 2016||June 30, 2017|
|Short-term debt securities||909||930|
|Of which: Official||5,504||5,575|
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, 2017
|Country or category||Total||Equities||Long-term debt||Short-term debt|
|3||China, mainland [i]||1,541||194||1,144||183||16||3|
|24||British Virgin Islands||166||112||22||1||19||11|
|25||United Arab Emirates||147||80||50||1||7||9|
|Of which: Official||5,575||952||3,663||426||171||363|
* Less than $500 million but more than zero.
[i] Excludes Hong Kong and Macau, which are reported separately.