Skip to content Skip to footer site map

Navigate Up
Sign In
Home
Treasury For...
AboutExpand About
Resource CenterExpand Resource Center
Empty
ServicesExpand Services
InitiativesExpand Initiatives
CareersExpand Careers
Connect with UsExpand Connect with Us

Press Center

 Preliminary Annual Report on U.S. Holdings Of Foreign Securities


12/17/2004

JS-2159

Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2003 are released today and posted on the U.S. Treasury web site at ( www.treas.gov/tic/fpis.html). Final survey results, which will include additional detail as well as revisions to the data, will be reported by March 31, 2005.

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 most recent survey was for year-end 2001, and some revisions from that survey are reported in this release. Future surveys are scheduled to be carried out annually and the next survey will be for year-end 2004.

A complementary survey measuring foreign holdings of U.S. securities will also be carried out annually. Data from the most recent such survey, which reports on securities held on June 30, 2004, are currently being processed. Preliminary results are expected to be reported by April 30, 2005.

Overall Preliminary Results

The survey measured U.S. holdings of foreign securities at year-end 2003 of approximately $3,153 billion, with $2,080 billion held in foreign equities, $874 billion in foreign long-term debt securities (original term-to-maturity in excess of one year), and $199 billion in foreign short-term debt securities. The previous survey, conducted as of year-end 2001, measured U.S. holdings of approximately $2,317 billion, with $1,613 billion held in foreign equities, $557 billion in foreign long-term debt securities (revised from $502 billion), and $147 billion in foreign short-term debt securities (see Table 1).

Table 1. U.S. holdings of foreign securities, by type of security, as of survey dates
(Billions of dollars, except as noted)

Type of Security

Dec. 31, 2001

Dec. 31, 2003

 

 

 

Long-term Securities

2,170

2,955

equity

1,613

2,080

long-term debt

557

874

Short-term debt securities

147

199

 

 

 

Total

2,317

3,153

U.S. Portfolio Investment by Country

Table 2. 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, 2003
(Billions of dollars)

 

 

 

 

Debt securities:

 

 

Total

Equities

Long-term

Short-term

 

 

 

 

 

 

1

United Kingdom

663

421

143

99

2

Japan

307

255

37

14

3

Canada

301

149

139

12

4

Germany

189

103

71

15

5

France

185

131

43

11

6

Netherlands

182

116

58

8

7

Cayman Islands

125

45

76

4

8

Switzerland

120

118

1

1

9

Bermuda

116

108

9

0

10

Australia

91

56

29

5

11

Italy

67

39

25

3

12

Mexico

56

29

28

0

13

South Korea

53

49

4

0

14

Spain

52

44

6

1

15

Brazil

50

32

18

0

16

Sweden

45

28

13

5

17

Finland

41

35

6

0

18

Hong Kong , S.A.R.

38

36

1

0

19

Ireland

33

22

8

3

20

Israel

29

16

12

0

21

Taiwan

27

27

0

0

22

Singapore

25

22

3

0

23

Netherlands Antilles

25

23

1

0

24

Luxembourg

23

6

15

2

25

Denmark

22

10

10

2

 

Rest of world

288

160

116

12

 

 

 

 

 

 

 

Total value of investment

3,153

2,080

874

199

The stock of foreign securities for December 31, 2003 reported in this survey may not, for a number or reasons, correspond to the stock of foreign securities on December 31, 2001 plus cumulative flows reported in Treasury's transactions reporting system. The final report on U.S. holdings of foreign securities as of end-year 2003 will contain an analysis of the relation between the stock and flow data.

REPORTS

  
Bookmark and Share

Treasury Facts

  • The Treasury is the oldest departmental building in Washington and at the time of its completion, it was one of the largest office buildings in the world.