Preliminary Annual Report on U.S. Holdings of Foreign Securities at Year-End 2021

 

Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2021 were released today and posted on the Treasury web site at (https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 31, 2022.

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 also is conducted annually.  Data from the most recent such survey, which reports on securities held on June 30, 2022, are currently being processed.  Preliminary results are expected to be reported on February 28, 2023.

Overall Preliminary Results

The survey measured the value of U.S. holdings of foreign securities at year-end 2021 at approximately $16.3 trillion, with $12.0 trillion held in foreign equities, $3.7 trillion held in foreign long-term debt securities (original term-to-maturity in excess of one year), and $0.6 trillion held in foreign short-term debt securities.  The previous such survey, conducted as of year-end 2020, measured the value of U.S. holdings at $14.4 trillion, with $10.6 trillion held in foreign equities, $3.4 trillion held in foreign long-term debt securities, and $0.4 trillion held in foreign short-term debt securities.

Press release for end of August

 

Table 1.  U.S. portfolio holdings of foreign securities, by type of security, as of survey dates

(Billions of dollars)

 

Type of Security	Dec. 31, 2020	Dec. 31, 2021
Long-term securities	13,998	15,736
Equities	10,615	12,027
Long-term debt	3,373	3,709
Short-term debt securities	399	562
Total	14,387	16,298

 

Table 2.  U.S. portfolio holdings of foreign securities, by country of issuer and type of security, for the countries attracting the most U.S. portfolio investment, as of December 31, 2021

(Market value, billions of dollars, except as noted)

				Total		Equity		Long-term Debt		Short-term Debt
1		Cayman Islands		2,778		2,059		709		10
2		United Kingdom		1,615		1,089		456		71
3		Canada		1,471		883		446		143
4		Japan		1,283		1,031		206		47
5		Ireland		924		803		102		19
6		France		801		577		179		45
7		Netherlands		752		562		184		5
8		Switzerland		742		697		43		2
9		Germany		564		458		84		22
10		Australia		459		259		135		65
11		Taiwan		371		369		2		0
12		India		306		293		12		*
13		China, mainland		302		267		33		2
14		Bermuda		298		248		50		*
15		Korea, South		282		253		27		2
16		Sweden		264		208		25		31
17		Luxembourg		222		151		65		6
18		Denmark		181		161		19		1
19		Spain		171		118		50		3
20		Jersey		169		154		15		1
21		Mexico		165		75		89		*
22		Italy		162		107		55		*
23		Brazil		151		125		25		*
24		Hong Kong		148		140		8		1
25		International organizations		138		*		126		12
26		Singapore		120		65		14		40
27		Israel		118		93		23		3
28		Norway		86		46		30		10
29		British Virgin Islands		85		70		15		*
30		Russia		84		69		15		0
		Rest of world		1,087		597		469		21
		Total		16,298		12,027		3,709		562

 

* Greater than zero, but less than $500 million. (1) China excludes Hong Kong and Macau, which are reported separately.