Who Actually Holds Our Debt

Posted on February 14, 2010. Filed under: General Info | Tags: , , |

This information taken from the Treasury Dept Website. Thanks to JoAnne Moretti for pointing out the information to S4L.

These estimates of monthly holdings of Treasury securities by country are derived from a combination of monthly data on foreign holdings of short-term Treasury bills and certificates and periodic surveys of holdings of long-term Treasury bonds and notes that are updated using monthly data on foreign net purchases of long-term Treasury securities.  An additional adjustment is made to include monthly holdings of non-marketable Treasury securities. 

Valuation of securities. Users should also be aware that the securities estimates in the Major Foreign Holders tables are a hybrid of market and face values.  Foreign holdings of short-term Treasury bills are reported on the TIC form BL-2 at face value.   Holdings of and transactions in long-term Treasury securities are collected at market value.  However, no attempt is made in the estimation process to adjust the long-term data to account for price changes occurring subsequent to the survey or transactions dates.  Holdings of non-marketable securities are included at current value.

The graph hangs over the margins on the website but was included here in it’s entirety for your convenience. To get a better look, simply click the title which is linked to the government website.

 
 
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
(in billions of dollars)
HOLDINGS 1/ AT END OF PERIOD
 
 
                       Nov     Oct     Sep     Aug     Jul     Jun     May     Apr     Mar     Feb     Jan     Dec     Nov
Country               2009    2009    2009    2009    2009    2009    2009    2009    2009    2009    2009    2008    2008
                     ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------
 
China, Mainland       789.6   798.9   798.9   797.1   800.5   776.4   801.5   763.5   767.9   744.2   739.6   727.4   713.2
Japan                 757.3   745.9   751.0   730.6   723.9   711.2   677.2   685.9   686.7   661.9   634.8   626.0   625.2
United Kingdom 2/     277.5   230.1   248.8   226.4   219.4   213.4   163.7   152.7   128.1   129.0   123.9   130.9   132.4
Oil Exporters 3/      187.7   188.4   185.3   189.2   189.3   191.2   192.9   189.6   192.0   181.8   186.6   186.2   187.2
Carib Bnkng Ctrs 4/   179.8   170.6   173.0   181.3   194.5   191.0   195.2   205.1   214.0   189.5   176.9   197.5   205.0
Brazil                157.1   156.2   144.9   137.3   138.1   139.8   127.1   126.0   126.6   130.8   133.5   127.0   136.1
Hong Kong             146.2   142.0   132.2   124.7   115.3    99.8    93.2    80.9    78.9    76.3    71.7    77.2    70.6
Russia                128.1   122.5   121.8   121.6   118.0   119.9   124.5   137.0   138.4   130.1   119.6   116.4   108.0
Luxembourg             91.7    91.0    99.0    94.4    92.2   104.3    96.2    97.4   106.0    92.1    87.0    97.3    94.2
Taiwan                 78.4    78.7    78.1    75.9    77.4    77.0    75.7    78.3    74.8    72.6    73.3    71.8    70.2
Switzerland            75.8    71.5    68.9    68.2    68.1    71.5    63.7    64.2    67.7    68.2    62.1    62.3    63.8
Germany                53.6    52.9    53.7    55.0    56.1    53.8    55.1    54.4    54.9    56.5    56.2    56.0    53.8
France                 47.5    36.2    32.0    35.0    24.6    26.0    25.9    30.6    27.1    16.8    17.9    16.8    18.4
Canada                 46.6    40.3    37.7    25.7    19.6    18.4    11.0    12.5    11.3    10.3     8.4     7.8    12.7
Korea, South           39.1    42.2    38.8    38.7    37.6    36.3    37.4    35.4    33.1    33.3    31.3    31.3    32.7
Ireland                38.8    38.3    32.7    36.6    38.7    46.3    50.6    49.7    54.7    54.5    50.0    54.3    41.3
Singapore              36.4    35.2    38.3    42.0    42.3    40.8    39.6    39.7    39.1    39.3    38.3    40.8    38.7
Thailand               31.7    30.1    30.1    33.5    31.4    29.7    26.8    28.5    26.0    39.7    37.2    32.4    33.9
India                  31.6    32.9    35.9    38.5    38.9    39.3    38.8    38.5    38.2    34.6    32.5    29.2    22.3
Turkey                 29.6    30.4    28.2    28.7    27.3    27.5    28.8    27.2    30.2    32.4    31.3    30.8    29.0
Norway                 26.2    24.9    25.2    24.7    28.9    28.7    28.3    27.5    26.2    21.1    21.9    23.1    20.2
Mexico                 26.2    20.7    22.1    27.5    27.7    29.5    31.5    35.3    36.2    37.8    34.8    34.8    33.8
Egypt                  25.3    20.2    20.8    20.4    18.6    17.3    18.6    18.5    18.5    19.1    16.9    17.2    16.8
Netherlands            20.3    19.8    21.3    21.4    21.5    18.9    16.4    16.5    17.6    16.1    16.8    15.4    15.6
Sweden                 19.4    19.2    18.3    16.7    16.5    16.4    13.0    12.7    12.5    12.6    12.4    12.7    13.1
Italy                  19.1    19.1    17.6    16.9    17.3    16.7    16.7    16.1    16.6    16.4    15.6    16.0    15.9
Israel                 16.6    16.0    18.3    17.7    17.0    18.1    19.0    19.1    19.4    17.4    16.9    18.8    13.8
Colombia               15.6    16.8    16.8    16.4    14.9    11.8    12.0    11.5    11.3    11.5    11.4    11.1    11.5
Belgium                15.3    14.7    15.0    15.6    15.7    15.7    15.7    15.8    15.4    14.5    15.5    15.9    15.3
Chile                  12.2    12.5    12.9    13.0    13.5    14.3    14.7    15.1    15.5    15.2    15.2    15.2    15.1
Philippines            12.2    11.9    11.8    12.4    11.4    11.6    11.8    12.0    12.4    12.6    11.6    11.7    11.5
Australia              11.5    10.5    10.1    10.2     9.8     9.9     9.0     8.4     5.8     8.1     7.8     9.3     8.7
Malaysia               11.1    11.0    11.0    11.2    11.9    11.7    12.3    11.6    10.6     8.4     8.0     8.4     8.8
All Other             142.3   146.4   146.7   148.5   149.7   147.5   148.6   145.0   150.7   156.7   154.5   147.0   147.4
Grand Total          3597.5  3498.1  3497.4  3453.1  3427.5  3382.1  3292.6  3262.1  3264.6  3161.5  3071.5  3075.9  3036.0
 
Of which:
 For. Official       2404.6  2384.8  2369.4  2360.0  2346.1  2295.7  2287.5  2253.6  2248.6  2198.1  2165.8  2138.7  2104.1
  Treasury Bills      586.6   598.0   597.7   607.3   606.6   571.9   586.2   530.6   542.7   521.2   486.9   457.9   427.2
  T-Bonds & Notes    1818.0  1786.8  1771.7  1752.7  1739.5  1723.8  1701.3  1723.1  1705.9  1676.9  1678.9  1680.8  1676.9
 
Department of the Treasury/Federal Reserve Board
January 19, 2010 
 
 1/  Estimated foreign holdings of U.S. Treasury marketable and 
non-marketable  bills, bonds, and notes reported under the Treasury
International Capital  (TIC) reporting system are based on annual
Surveys of Foreign Holdings of U.S.Securities and on monthly data.
 2/  United Kingdom includes Channel Islands and Isle of Man. 
 3/  Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain,
Iran, Iraq,Kuwait, Oman, Qatar,Saudi Arabia, the United Arab Emirates,
Algeria, Gabon,Libya, and Nigeria.
 4/  Caribbean Banking Centers include Bahamas, Bermuda, Cayman 
Islands,Netherlands Antilles and Panama.Beginning with new series
for June 2006, also includes British Virgin Islands.
 

How are TIC data used by BEA and the Federal Reserve? Where else are TIC data reported or used?
Besides being reported on the TIC website, detailed data from the monthly and quarterly TIC forms are combined and presented in several tables in the Capital Movements section of the quarterly Treasury Bulletin, available at: http://fms.treas.gov/bulletin/index.html

TIC data, including the data from the periodic surveys of holdings of securities, are also a primary input to the Bureau of Economic Analysis’ International Transactions Accounts and for the International Investment Position of the United States. Links to the BEA’s international transactions data releases and to a description of how BEA aligns and augments data from the TIC system for inclusion in the International Transactions Accounts are available under the Bureau of Economic Analysis section of the TIC website’s “Articles of Interest” at: www.treas.gov/tic/articles.html#BEAarticles

The TIC monthly and quarterly data are also published in several tables on International Statistics in the Statistical Supplement to the Federal Reserve Bulletin. The Statistical Supplement is available at: www.federalreserve.gov/pubs/supplement/default.htm

The TIC data are indirectly the basis of the Federal Reserve Board’s Flow of Funds accounts for financial positions and flows of the Rest of the World sector. The Flow of Funds accounts use as their primary input the data as published by BEA in its international transactions accounts, which as noted above are based on the TIC data. The Flow of Funds Accounts are available from the Federal Reserve Board of Governors’ website at this link: www.federalreserve.gov/releases/Z1/

TIC data are also used to compute the U.S. Gross External Debt position, which is published as part of the International Monetary Fund’s Special Data Dissemination Standard (SDDS). At present, 64 countries provide data on their gross external debt position as part of the SDDS. The U.S. Gross External Debt data are available on the TIC webpage at: www.treas.gov/tic/external-debt.html. The data published by each country are available from the IMF’s SDDS webpage: External Debt (EXD) data for SDDS Subscribers. The data in spreadsheet format, including cross-country comparisions, are available from the webpage: World Bank Quarterly External Debt Statistics.

The surveys of U.S. holdings of foreign securities are also the basis of the U.S. contribution to the International Monetary Fund’s Coordinated Portfolio Investment Surveys, available on the IMF’s CPIS website at this link: www.imf.org/external/np/sta/pi/cpis.htm

Where can I find comparable data for other countries?
As noted in FAQ number 5, the TIC surveys of U.S. holdings of foreign securities are the basis of the U.S. contributions to the International Monetary Fund’s annual Coordinated Portfolio Investment Surveys. Since 2001, many countries have participated in the Coordinated Portfolio Investment Surveys: as of 2005, 73 countries are participants. The IMF consolidates the data from these surveys and posts the results, along with analytical tables, on the IMF’s CPIS website, available at: www.imf.org/external/np/sta/pi/cpis.htm

In addition, the IMF’s Special Data Dissemination Standard (SDDS) website provides links to other participating country’s External Debt calculations and estimates of their International Investment Position. The SDDS website is available at: http://dsbb.imf.org/Applications/web/sddshome/

Find Out More about Treasury International Capital System
at http://www.treas.gov/tic/
 

 

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One Response to “Who Actually Holds Our Debt”

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The Federal Reserve actually holds the majority of our debt and that is why they control U.S. economics and the President and Congress.


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