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 Preliminary Annual Report on Foreign Holdings Of U.S. Securities At End-June 2004


4/29/2005

JS-2412

Preliminary data from an annual survey of foreign portfolio holdings of U.S. securities at end-June 2004 are released today and posted on the U.S. Treasury web site at ( http://www.treas.gov/tic/fpis.html). Final survey results, which will include additional detail as well as revisions to the preliminary data, will be reported by June 30, 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 end-June 2003. Future surveys are scheduled to be carried out annually, and the next survey will be for end-June 2005.

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

Overall Preliminary Results

The survey measured foreign holdings as of June 30, 2004, of $6,006 billion, with $1,904 billion held in U.S. equities, $3,515 billion in U.S. long-term debt securities (securities with an original term-to-maturity in excess of one year), and $588 billion in U.S. short-term debt securities. The previous such survey, conducted as of June 30, 2003, measured foreign holdings of $4,979 billion, with $1,564 billion in U.S. equities, $2,939 billion in U.S. long-term debt securities, and $475 billion in short-term U.S. debt securities (see Table 1).

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

Type of Security

June 30, 2003

June 30, 2004

 

 

 

Long-term Securities

4,503

5,418

Equity

1,564

1,904

Long-term Debt

2,939

3,515

Short-term Debt Securities

475

588

 

 

 

Total

4,979

6,006

Foreign Portfolio Investment in the U.S. by Economy

Table 2. Foreign holdings of U.S. securities, by economy and type of security, for the economies having major portfolio investment in the U.S. , as of June 30, 2004
(Billions of dollars)

 

 

 

 

 

 

Total

Equities

Long-term

Short-term

 

 

 

 

 

 

1

Japan

1,019

162

736

121

2

United Kingdom

488

250

221

16

3

Luxembourg

392

130

230

31

4

Cayman Islands

375

115

230

31

5

China , Mainland

341

3

320

18

6

Belgium

308

18

285

5

7

Canada

291

210

67

15

8

Netherlands

203

127

70

6

9

Switzerland

199

120

68

11

10

Germany

190

76

107

8

11

Bermuda

180

52

113

15

12

Ireland

164

52

66

46

13

Taiwan

124

9

113

2

14

Middle East Oil-exporters /1

121

69

34

18

15

Singapore

120

72

42

6

16

France

117

62

41

15

17

South Korea

90

1

81

8

18

Hong Kong

89

22

43

23

19

Australia

74

47

21

6

20

Sweden

73

46

26

1

21

British Virgin Islands

65

36

27

3

22

Mexico

65

9

30

25

23

Norway

59

29

29

2

24

Italy

58

35

20

3

25

Russia

48

0

8

48

Country Unknown

224

3

218

3

 

Rest of world

528

151

269

109

 

Total

6,006

1,904

3,515

588

/1 Bahrain , Iran , Iraq , Kuwait , Oman , Qatar , Saudi Arabia , and the United Arab Emirates .

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