REPORT ON U.S. PORTFOLIO HOLDINGS OF FOREIGN SECURITIES AT END-YEAR 2012
WASHINGTON – The
findings from the annual survey of U.S. portfolio holdings of foreign
securities at year-end 2012 were released today and posted on the Treasury web
site at http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/fpis.aspx.
The survey was undertaken jointly by the U.S. Department of
the Treasury, the Federal Reserve Bank of New York, and the Board of Governors
of the Federal Reserve System.
A complementary survey measuring foreign holdings of U.S.
securities is also conducted annually.
Data from the most recent such survey, which reports on securities held at
end-June 2013, are currently being processed. Preliminary results are expected
to be reported on February 28, 2014.
Overall Results
This survey measured the value of U.S. portfolio holdings of
foreign securities at year-end 2012 as approximately $7.9 trillion, with $5.3
trillion held in foreign equity, $2.3 trillion held in foreign long-term debt
securities (original term-to-maturity in excess of one year), and $0.4 trillion
held in foreign short-term debt securities.
The previous such survey, conducted as of year-end 2011, measured U.S.
holdings of approximately $6.8 trillion, with $4.5 trillion held in foreign
equity, $2.0 trillion held in foreign long-term debt securities, and $0.4
trillion held in foreign short-term debt securities. The largest gain occurred
in equities, reflecting gains in global stock markets.
U.S. portfolio holdings of foreign securities by country at
the end of 2012 were the largest for the United Kingdom ($1.129 trillion),
followed by Canada ($808 billion), the Cayman Islands ($797 billion), and Japan
($521 billion) (see Table 2). These four countries attracted 41 percent of
total U.S. portfolio investment.
The surveys are part of an internationally coordinated
effort under the auspices of the International Monetary Fund (IMF) to improve
the measurement of portfolio asset holdings.
Table 1. U.S. holdings of foreign securities, by type
of security, as of survey dates [1]
(Billions of dollars)
|
Type of Security
|
Dec. 31, 2011
|
Dec. 31, 2012
|
|
|
|
|
|
Long-term Securities
|
6,480
|
7,576
|
|
Equity
|
4,501
|
5,312
|
|
Long-term debt
|
1,979
|
2,265
|
|
Short-term debt securities
|
360
|
365
|
|
|
|
|
|
Total
|
6,841
|
7.941
|
|
|
|
|
U.S. Portfolio Investment by Country
Table
2. Market value of U.S. holdings of
foreign securities, by country and type of security, for the countries
attracting the most U.S. investment, as of December 31, 2012 [1]
|
Billions of dollars
|
|
Country or category
|
Total
|
Equity
|
Debt
|
|
Total
|
Long-term
|
Short-term
|
|
United Kingdom
|
1,129
|
758
|
370
|
296
|
74
|
|
Canada
|
808
|
376
|
432
|
377
|
55
|
|
Cayman Islands
|
797
|
574
|
223
|
220
|
2
|
|
Japan
|
521
|
427
|
93
|
61
|
32
|
|
France
|
375
|
257
|
118
|
105
|
13
|
|
Australia
|
351
|
147
|
204
|
142
|
62
|
|
Switzerland
|
333
|
322
|
11
|
8
|
3
|
|
Germany
|
330
|
228
|
101
|
79
|
23
|
|
Netherlands
|
286
|
146
|
141
|
129
|
11
|
|
Brazil
|
216
|
150
|
66
|
66
|
*
|
|
Ireland
|
181
|
134
|
47
|
46
|
*
|
|
Bermuda
|
178
|
150
|
29
|
28
|
*
|
|
Korea, South
|
175
|
141
|
34
|
31
|
2
|
|
Mexico
|
157
|
77
|
80
|
72
|
8
|
|
Hong Kong [2]
|
145
|
139
|
5
|
3
|
2
|
|
Rest of world
|
1,960
|
1,285
|
675
|
600
|
75
|
|
Total
|
7,941
|
5,312
|
2,630
|
2,265
|
365
|
|
|