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Board of Governors of the Federal Reserve System
Federal Reserve Board of Governors

Federal Reserve BULLETIN

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Accesible versions of figures

Figure 1. Foreign holdings of U.S. long-term securities
Figure 1.A. Holdings by asset type (2003-11)
Billions of U.S. dollars
DATES Treasuries Agencies Corporate Bonds Equity
12/31/2006 1726.0 984.5 2021.2 2429.5
12/31/2007 1963.9 1304.4 2737.6 3129.5
12/31/2008 2209.5 1463.7 2819.7 2969.3
12/31/2009 2602.7 1195.8 2439.8 2252.2
12/31/2010 3341.8 1085.6 2492.6 2814.3
12/31/2011 4047.7 1031.0 2651.2 3829.9
Figure 1.B. Geographical distribution (2007-11)
Billions of U.S. dollars
DATES China Japan Middle East and other Asia Belg, Lux, Switz, U.K. Other Europe Total Other
12/31/2006 698.9 1106.4 880.6 1785.1 1446.8 1858.8
12/31/2007 922.1 1196.5 1024.1 2353.7 1848.8 2425.6
12/31/2008 1205.1 1250.4 1151.4 2295.8 1919.0 2498.9
12/31/2009 1464.0 1269.3 1242.2 2110.7 1521.4 2031.7
12/31/2010 1610.7 1393.4 1395.1 2228.0 1694.7 2368.1
12/31/2011 1726.6 1585.1 1584.1 2731.6 1977.0 2836.4
Figure 1.C. Foreign official holdings (2007-11)
Billions of U.S. dollars
DATES Treasuries Agencies Corporate Bonds Equity
12/31/2006 1211.8 472.8 96.4 214.8
12/31/2007 1450.6 750.5 98.7 266.3
12/31/2008 1683.2 966.4 105.5 362.9
12/31/2009 2052.3 794.5 106.9 309.6
12/31/2010 2615.7 720.9 97.5 426.3
12/31/2011 3102.0 634.6 103.9 567.2
Figure 1.D. Foreign private holdings (2007-11)
Billions of U.S. dollars
DATES Treasuries Agencies Corporate Bonds Equity
12/31/2006 514.2 511.7 1924.8 2214.8
12/31/2007 513.3 553.9 2638.9 2863.2
12/31/2008 526.3 497.2 2714.2 2606.4
12/31/2009 550.4 401.4 2332.9 1942.6
12/31/2010 726.1 364.7 2395.1 2387.9
12/31/2011 945.7 396.4 2547.2 3262.7
Return to Figure

Figure 2. U.S. holdings of foreign long-term securities, 2003-10
Figure 2.A. Holdings by asset type
Billions of U.S. dollars
DATES Equity Holdings Bond Holdings
12/31/2003 2079.4 874.4
12/31/2004 2560.4 993.0
12/31/2005 3317.7 1028.2
12/31/2006 4329.0 1294.1
12/31/2007 5252.9 1609.8
12/31/2008 2748.4 1260.6
12/31/2009 3995.3 1594.2
12/31/2010 4646.9 1714.8
Figure 2.B. Geographic distribution
Billions of U.S. dollars
DATES Total Canada Total Japan Total Belg Lux Switz Total UK Total Other Europe Total Caribbean Total Other Countries
12/31/2003 288.7 292.7 155.9 564.0 858.0 283.4 511.3
12/31/2004 332.3 366.9 197.3 627.4 1009.7 404.7 615.2
12/31/2005 405.3 528.4 258.7 722.9 1114.5 482.5 833.7
12/31/2006 460.2 589.7 351.2 919.3 1575.3 640.6 1086.7
12/31/2007 565.7 589.8 405.6 1002.2 1976.6 913.9 1409.1
12/31/2008 346.1 401.3 293.3 562.3 1108.2 523.4 774.5
12/31/2009 514.6 411.4 429.0 801.9 1482.7 603.2 1346.7
12/31/2010 661.4 496.7 456.0 879.4 1558.4 649.0 1660.8
Return to Figure
Figure 3. Net cross-border purchases of long-term securities and current account deficit
Billions of U.S. dollars
DATES Current Account Deficit* Net Purchases Foreign Official Foreign Private U.S.
3/31/2003 538.2 ND ND ND ND
6/30/2003 519.3 ND ND ND ND
9/30/2003 517.6 ND ND ND ND
12/31/2003 501.3 530.8 278.1 580.2 -327.5
3/31/2004 544.3 ND ND ND ND
6/30/2004 622.1 ND ND ND ND
9/30/2004 633.1 ND ND ND ND
12/31/2004 714.5 527.8 397.8 1135.5 -1005.4
3/31/2005 696.5 ND ND ND ND
6/30/2005 714.5 ND ND ND ND
9/30/2005 738.4 ND ND ND ND
12/31/2005 833.7 681.1 259.3 988.1 -566.3
3/31/2006 791.4 ND ND ND ND
6/30/2006 802.3 ND ND ND ND
9/30/2006 857.6 ND ND ND ND
12/31/2006 751.2 771.7 487.9 1577.2 -1293.5
3/31/2007 790.7 ND ND ND ND
6/30/2007 750.2 ND ND ND ND
9/30/2007 676.1 ND ND ND ND
12/31/2007 624.2 633.4 481.0 1583.6 -1431.2
3/31/2008 708.9 ND ND ND ND
6/30/2008 701.1 ND ND ND ND
9/30/2008 694.4 ND ND ND ND
12/31/2008 604.1 1298.0 554.6 -123.2 866.6
3/31/2009 381.0 ND ND ND ND
6/30/2009 331.2 ND ND ND ND
9/30/2009 391.4 ND ND ND ND
12/31/2009 402.5 -292.6 480.2 -144.4 -628.4
3/31/2010 473.2 ND ND ND ND
6/30/2010 481.2 ND ND ND ND
9/30/2010 480.5 ND ND ND ND
12/31/2010 448.7 234.9 349.8 896.0 -1010.9
3/31/2011 473.1 ND ND ND ND
6/30/2011 493.7 ND ND ND ND
9/30/2011 430.5 ND ND ND ND
12/31/2011 496.4 505.4 164.8 618.9 -278.4

Note: For stacked bars, a positive value indicates foreign holdings of U.S. securities and a negative value indicates U.S. holdings of foreign securities.

*. For illustrative purposes, the U.S. current account deficit is shown as a positive value.  Return to table

ND No Data  Return to table

Source: For foreign official and foreign private, and in subsequent figures except as noted, staff estimates from data collected through the Treasury International Capital reporting system; for U.S. current account deficit, Bureau of Economic Analysis.

Return to Figure
Figure 4. U.K. holdings of Treasury bonds
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
6/30/2003 46.5* NA
7/31/2003 67.2 NA
8/31/2003 72.6 NA
9/30/2003 62.3 NA
10/31/2003 66.5 NA
11/30/2003 67.1 NA
12/31/2003 70.7 NA
1/31/2004 79.8 NA
2/29/2004 82.4 NA
3/31/2004 88.7 NA
4/30/2004 101.5 NA
5/31/2004 102.7 NA
6/30/2004 106.9 39.8*
7/31/2004 NA 44.6
8/31/2004 NA 48.6
9/30/2004 NA 48.9
10/31/2004 NA 52.6
11/30/2004 NA 69.0
12/31/2004 NA 80.6
1/31/2005 NA 78.9
2/28/2005 NA 88.2
3/31/2005 NA 98.6
4/30/2005 NA 102.6
5/31/2005 NA 111.2
6/30/2005 45.0* 128.3
7/31/2005 59.1 NA
8/31/2005 72.9 NA
9/30/2005 81.2 NA
10/31/2005 85.6 NA
11/30/2005 119.6 NA
12/31/2005 130.9 NA
1/31/2006 140.4 NA
2/28/2006 145.6 NA
3/31/2006 160.1 NA
4/30/2006 147.6 NA
5/31/2006 155.3 NA
6/30/2006 181.7 47.2*
7/31/2006 NA 36.1
8/31/2006 NA 47.0
9/30/2006 NA 54.1
10/31/2006 NA 54.5
11/30/2006 NA 68.7
12/31/2006 NA 84.8
1/31/2007 NA 95.6
2/28/2007 NA 115.1
3/31/2007 NA 139.4
4/30/2007 NA 128.8
5/31/2007 NA 161.8
6/30/2007 42.6* 184.6
7/31/2007 59.4 NA
8/31/2007 92.4 NA
9/30/2007 113.4 NA
10/31/2007 148.7 NA
11/30/2007 171.2 NA
12/31/2007 154.4 NA
1/31/2008 159.8 NA
2/29/2008 179.5 NA
3/31/2008 197.4 NA
4/30/2008 240.5 NA
5/31/2008 261.2 NA
6/30/2008 271.7 45.1*
7/31/2008 NA 54.3
8/31/2008 NA 70.3
9/30/2008 NA 100.0
10/31/2008 NA 114.8
11/30/2008 NA 116.8
12/31/2008 NA 122.3
1/31/2009 NA 109.6
2/28/2009 NA 107.7
3/31/2009 NA 102.7
4/30/2009 NA 123.5
5/31/2009 NA 136.7
6/30/2009 56.2* 181.3
7/31/2009 62.9 NA
8/31/2009 72.8 NA
9/30/2009 78.0 NA
10/31/2009 85.6 NA
11/30/2009 137.0 NA
12/31/2009 161.0 NA
1/31/2010 189.5 NA
2/28/2010 214.6 NA
3/31/2010 257.7 NA
4/30/2010 301.3 NA
5/31/2010 332.0 NA
6/30/2010 348.4 72.0*
7/31/2010 NA 82.2
8/31/2010 NA 144.4
9/30/2010 NA 161.1
10/31/2010 NA 185.4
11/30/2010 NA 208.9
12/31/2010 NA 231.0
1/31/2011 NA 241.6
2/28/2011 NA 258.3
3/31/2011 NA 293.4
4/30/2011 NA 307.8
5/31/2011 NA 322.7
6/30/2011 117.9* 327.5
7/31/2011 123.2 NA
8/31/2011 164.1 NA
9/30/2011 191.9 NA
10/31/2011 178.9 NA
11/30/2011 199.5 NA
12/31/2011 183.3 NA

Note: Includes Channel Island and the Isle of Man.

*. Actual survey data  Return to table

Return to Figure
Figure 5. China holdings of long-term U.S. Treasury securities, survey data and Survey-S estimates
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
6/30/2003 146.6* NA
7/31/2003 146.0 NA
8/31/2003 143.4 NA
9/30/2003 144.4 NA
10/31/2003 145.7 NA
11/30/2003 147.7 NA
12/31/2003 154.4 NA
1/31/2004 153.3 NA
2/29/2004 150.0 NA
3/31/2004 151.1 NA
4/30/2004 156.2 NA
5/31/2004 153.7 NA
6/30/2004 154.2 189.2*
7/31/2004 NA 190.7
8/31/2004 NA 192.3
9/30/2004 NA 195.0
10/31/2004 NA 198.9
11/30/2004 NA 204.1
12/31/2004 NA 206.5
1/31/2005 NA 205.4
2/28/2005 NA 212.8
3/31/2005 NA 211.7
4/30/2005 NA 213.8
5/31/2005 NA 217.9
6/30/2005 277.1* 224.7
7/31/2005 280.2 NA
8/31/2005 284.1 NA
9/30/2005 282.5 NA
10/31/2005 284.3 NA
11/30/2005 287.5 NA
12/31/2005 291.4 NA
1/31/2006 293.6 NA
2/28/2006 300.9 NA
3/31/2006 299.8 NA
4/30/2006 302.4 NA
5/31/2006 302.9 NA
6/30/2006 306.1 364.1*
7/31/2006 NA 369.1
8/31/2006 NA 376.6
9/30/2006 NA 379.7
10/31/2006 NA 383.2
11/30/2006 NA 384.2
12/31/2006 NA 387.9
1/31/2007 NA 386.7
2/28/2007 NA 400.2
3/31/2007 NA 402.8
4/30/2007 NA 402.1
5/31/2007 NA 394.9
6/30/2007 466.5* 396.6
7/31/2007 470.6 NA
8/31/2007 461.1 NA
9/30/2007 459.7 NA
10/31/2007 456.1 NA
11/30/2007 461.1 NA
12/31/2007 466.9 NA
1/31/2008 485.3 NA
2/29/2008 493.0 NA
3/31/2008 500.5 NA
4/30/2008 504.5 NA
5/31/2008 509.9 NA
6/30/2008 511.0 521.9*
7/31/2008 NA 535.9
8/31/2008 NA 557.6
9/30/2008 NA 563.7
10/31/2008 NA 573.3
11/30/2008 NA 584.5
12/31/2008 NA 600.1
1/31/2009 NA 587.0
2/28/2009 NA 582.2
3/31/2009 NA 604.7
4/30/2009 NA 606.0
5/31/2009 NA 604.7
6/30/2009 757.1* 628.6
7/31/2009 772.8 NA
8/31/2009 791.8 NA
9/30/2009 805.2 NA
10/31/2009 810.7 NA
11/30/2009 832.8 NA
12/31/2009 818.9 NA
1/31/2010 833.9 NA
2/28/2010 839.2 NA
3/31/2010 850.6 NA
4/30/2010 858.8 NA
5/31/2010 870.7 NA
6/30/2010 859.5 1108.1*
7/31/2010 NA 1112.6
8/31/2010 NA 1137.6
9/30/2010 NA 1146.5
10/31/2010 NA 1141.9
11/30/2010 NA 1143.7
12/31/2010 NA 1132.6
1/31/2011 NA 1123.2
2/28/2011 NA 1122.9
3/31/2011 NA 1119.4
4/30/2011 NA 1136.7
5/31/2011 NA 1155.6
6/30/2011 1302.4* 1155.0
7/31/2011 1318.9 NA
8/31/2011 1301.7 NA
9/30/2011 1334.1 NA
10/31/2011 1312.6 NA
11/30/2011 1315.7 NA
12/31/2011 1274.7 NA

*. Actual survey data  Return to table

Return to Figure
Figure 6. Comparison of Survey-S estimates and survey data for changes in U.S. holdings of foreign bonds
Billions of U.S. dollars
Date Survey-S estimated change in holdings Emerging Market Economies Survey-S estimated change in holdings Advanced Foreign Economies Survey-S estimated change in holdings Caribbean Change in holdings Emerging Market Economies Change in holdings Advanced Foreign Economies Change in holdings Caribbean
2008 -70.7 -1.4 18.2 -28.7 -252.1 -68.4
Return to Figure

Figure 7. Changes in foreign holdings of U.S. Treasury securities
Figure 7.A. Total foreign holdings
Billions of U.S. dollars
DATES Total Net Flows Total Valuation Changes Total Estimated Gap Total Change
6/30/2003 206.5 41.4 -39.3 208.5
6/30/2004 395.9 -60.8 -24.1 310.9
6/30/2005 267.0 17.8 -111.6 173.2
6/30/2006 245.8 -79.4 -38.2 128.3
6/30/2007 237.6 9.5 -9.2 237.9
6/30/2008 292.0 88.2 -134.5 245.6
6/30/2009 316.3 44.3 32.7 393.2
6/30/2010 671.9 74.0 -6.9 739.1
6/30/2011 530.0 -20.1 196.0 705.9
Figure 7.B. Foreign official holdings
Billions of U.S. dollars
DATES Net Flows Valuation Changes Estimated Gap Total Change
6/30/2003 45.2 24.7 23.9 93.7
6/30/2004 194.1 -35.6 101.6 260.1
6/30/2005 120.3 10.4 36.8 167.5
6/30/2006 34.7 -50.9 150.1 133.9
6/30/2007 69.3 7.5 162.0 238.8
6/30/2008 73.3 64.4 94.9 232.6
6/30/2009 39.0 34.3 295.8 369.2
6/30/2010 180.6 51.8 331.0 563.4
6/30/2011 213.7 -13.9 286.5 486.3
Return to Figure

Figure 8. Survey and SLT data and Survey-S estimates of foreign holdings of U.S. long-term securities
Figure 8.A. U.S. Treasury bonds
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 1733.2 NA
2/28/2006 1749.0 NA
3/31/2006 1739.7 NA
4/30/2006 1727.1 NA
5/31/2006 1737.1 NA
6/30/2006 1764.2 1726.0*
7/31/2006 NA 1748.6
8/31/2006 NA 1806.0
9/30/2006 NA 1815.8
10/31/2006 NA 1842.7
11/30/2006 NA 1885.1
12/31/2006 NA 1878.2
1/31/2007 NA 1886.5
2/28/2007 NA 1923.2
3/31/2007 NA 1948.8
4/30/2007 NA 1950.8
5/31/2007 NA 1953.8
6/30/2007 1963.9* 1973.0
7/31/2007 1974.1 NA
8/31/2007 1989.2 NA
9/30/2007 2017.9 NA
10/31/2007 2078.1 NA
11/30/2007 2144.3 NA
12/31/2007 2139.7 NA
1/31/2008 2216.8 NA
2/29/2008 2246.0 NA
3/31/2008 2301.1 NA
4/30/2008 2337.0 NA
5/31/2008 2309.9 NA
6/30/2008 2344.0 2209.5*
7/31/2008 NA 2245.1
8/31/2008 NA 2292.3
9/30/2008 NA 2320.3
10/31/2008 NA 2351.4
11/30/2008 NA 2409.1
12/31/2008 NA 2474.0
1/31/2009 NA 2428.0
2/28/2009 NA 2434.1
3/31/2009 NA 2521.4
4/30/2009 NA 2525.4
5/31/2009 NA 2480.8
6/30/2009 2602.7* 2570.0
7/31/2009 2635.5 NA
8/31/2009 2675.6 NA
9/30/2009 2729.6 NA
10/31/2009 2763.1 NA
11/30/2009 2905.4 NA
12/31/2009 2910.9 NA
1/31/2010 3003.2 NA
2/28/2010 3054.8 NA
3/31/2010 3135.8 NA
4/30/2010 3230.4 NA
5/31/2010 3279.1 NA
6/30/2010 3348.7 3341.8*
7/31/2010 NA 3382.7
8/31/2010 NA 3540.0
9/30/2010 NA 3612.7
10/31/2010 NA 3627.9
11/30/2010 NA 3662.7
12/31/2010 NA 3663.0
1/31/2011 NA 3706.0
2/28/2011 NA 3728.9
3/31/2011 NA 3744.5
4/30/2011 NA 3794.7
5/31/2011 NA 3869.7
6/30/2011 4047.7* 3851.7
7/31/2011 4104.5 NA
8/31/2011 4233.9 NA
9/30/2011 4359.1** NA
10/31/2011 4344.6 NA
11/30/2011 4412.9 NA
12/31/2011 4369.5*** NA

*. Actual survey data  Return to table

**. SLT data 4269.4  Return to table

***. SLT data 4348.2  Return to table

Figure 8.B. U.S. agency bonds
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 885.8 NA
2/28/2006 910.7 NA
3/31/2006 912.7 NA
4/30/2006 922.1 NA
5/31/2006 948.7 NA
6/30/2006 963.9 984.5*
7/31/2006 NA 1005.5
8/31/2006 NA 1042.3
9/30/2006 NA 1065.0
10/31/2006 NA 1075.2
11/30/2006 NA 1091.0
12/31/2006 NA 1103.6
1/31/2007 NA 1128.8
2/28/2007 NA 1136.5
3/31/2007 NA 1143.0
4/30/2007 NA 1172.3
5/31/2007 NA 1179.8
6/30/2007 1304.4* 1203.5
7/31/2007 1310.4 NA
8/31/2007 1323.1 NA
9/30/2007 1332.0 NA
10/31/2007 1346.8 NA
11/30/2007 1383.9 NA
12/31/2007 1370.0 NA
1/31/2008 1400.1 NA
2/29/2008 1423.9 NA
3/31/2008 1431.1 NA
4/30/2008 1422.2 NA
5/31/2008 1420.6 NA
6/30/2008 1436.1 1463.7*
7/31/2008 NA 1409.2
8/31/2008 NA 1384.6
9/30/2008 NA 1384.0
10/31/2008 NA 1307.6
11/30/2008 NA 1332.8
12/31/2008 NA 1318.9
1/31/2009 NA 1283.8
2/28/2009 NA 1275.2
3/31/2009 NA 1255.0
4/30/2009 NA 1233.5
5/31/2009 NA 1227.7
6/30/2009 1195.8* 1215.3
7/31/2009 1179.5 NA
8/31/2009 1173.3 NA
9/30/2009 1165.3 NA
10/31/2009 1151.4 NA
11/30/2009 1155.7 NA
12/31/2009 1123.8 NA
1/31/2010 1115.3 NA
2/28/2010 1106.2 NA
3/31/2010 1104.3 NA
4/30/2010 1101.7 NA
5/31/2010 1117.4 NA
6/30/2010 1128.6 1085.6*
7/31/2010 NA 1101.9
8/31/2010 NA 1094.1
9/30/2010 NA 1048.1
10/31/2010 NA 1037.6
11/30/2010 NA 1027.5
12/31/2010 NA 1009.3
1/31/2011 NA 1002.2
2/28/2011 NA 987.4
3/31/2011 NA 988.8
4/30/2011 NA 993.3
5/31/2011 NA 983.4
6/30/2011 1031.0* 972.5
7/31/2011 1036.5 NA
8/31/2011 1045.0 NA
9/30/2011 1040.1** NA
10/31/2011 1029.3 NA
11/30/2011 1020.5 NA
12/31/2011 1034.1*** NA

*. Actual survey data  Return to table

**. SLT data 1055.6  Return to table

***. SLT data 1050.7  Return to table

Figure 8.C. Corporate bonds
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 1888.0 NA
2/28/2006 1908.9 NA
3/31/2006 1944.1 NA
4/30/2006 1998.1 NA
5/31/2006 2041.1 NA
6/30/2006 2063.8 2021.2*
7/31/2006 NA 2040.7
8/31/2006 NA 2092.5
9/30/2006 NA 2146.9
10/31/2006 NA 2189.3
11/30/2006 NA 2280.6
12/31/2006 NA 2289.5
1/31/2007 NA 2314.4
2/28/2007 NA 2377.1
3/31/2007 NA 2412.0
4/30/2007 NA 2449.0
5/31/2007 NA 2488.5
6/30/2007 2737.6 2498.9
7/31/2007 2724.1 NA
8/31/2007 2693.8 NA
9/30/2007 2739.9 NA
10/31/2007 2773.6 NA
11/30/2007 2773.8 NA
12/31/2007 2783.0 NA
1/31/2008 2789.2 NA
2/29/2008 2783.6 NA
3/31/2008 2766.5 NA
4/30/2008 2772.2 NA
5/31/2008 2808.8 NA
6/30/2008 2794.9 2819.7
7/31/2008 NA 2779.7
8/31/2008 NA 2692.1
9/30/2008 NA 2522.9
10/31/2008 NA 2308.8
11/30/2008 NA 2287.9
12/31/2008 NA 2423.4
1/31/2009 NA 2403.5
2/28/2009 NA 2356.2
3/31/2009 NA 2380.2
4/30/2009 NA 2419.3
5/31/2009 NA 2548.3
6/30/2009 2439.8 2568.7
7/31/2009 2490.6 NA
8/31/2009 2510.8 NA
9/30/2009 2544.9 NA
10/31/2009 2560.6 NA
11/30/2009 2577.4 NA
12/31/2009 2523.9 NA
1/31/2010 2495.4 NA
2/28/2010 2464.0 NA
3/31/2010 2468.1 NA
4/30/2010 2482.5 NA
5/31/2010 2401.6 NA
6/30/2010 2403.3 2492.6
7/31/2010 NA 2566.2
8/31/2010 NA 2566.8
9/30/2010 NA 2623.6
10/31/2010 NA 2648.0
11/30/2010 NA 2585.9
12/31/2010 NA 2584.2
1/31/2011 NA 2611.2
2/28/2011 NA 2615.7
3/31/2011 NA 2624.7
4/30/2011 NA 2671.3
5/31/2011 NA 2661.7
6/30/2011 2651.2 2633.7
7/31/2011 2674.7 NA
8/31/2011 2661.4 NA
9/30/2011 2593.4** NA
10/31/2011 2629.8 NA
11/30/2011 2577.4 NA
12/31/2011 2548.8*** NA

*. Actual survey data  Return to table

**. SLT data 2742.3  Return to table

***. SLT data 2659.6  Return to table

Figure 8.D. Equity
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 2401.3 NA
2/28/2006 2416.3 NA
3/31/2006 2466.8 NA
4/30/2006 2508.7 NA
5/31/2006 2444.2 NA
6/30/2006 2442.3 2429.5*
7/31/2006 NA 2449.5
8/31/2006 NA 2510.7
9/30/2006 NA 2586.3
10/31/2006 NA 2700.3
11/30/2006 NA 2756.3
12/31/2006 NA 2774.1
1/31/2007 NA 2843.9
2/28/2007 NA 2798.0
3/31/2007 NA 2834.3
4/30/2007 NA 2988.0
5/31/2007 NA 3128.0
6/30/2007 3129.5* 3101.8
7/31/2007 3050.8 NA
8/31/2007 3050.0 NA
9/30/2007 3163.7 NA
10/31/2007 3246.1 NA
11/30/2007 3106.7 NA
12/31/2007 3118.3 NA
1/31/2008 2943.4 NA
2/29/2008 2847.5 NA
3/31/2008 2843.7 NA
4/30/2008 2969.6 NA
5/31/2008 3026.7 NA
6/30/2008 2773.3 2969.3*
7/31/2008 NA 2925.5
8/31/2008 NA 2958.3
9/30/2008 NA 2693.4
10/31/2008 NA 2226.0
11/30/2008 NA 2060.1
12/31/2008 NA 2085.1
1/31/2009 NA 1915.3
2/28/2009 NA 1708.4
3/31/2009 NA 1865.9
4/30/2009 NA 2045.7
5/31/2009 NA 2170.6
6/30/2009 2252.2* 2191.6
7/31/2009 2448.4 NA
8/31/2009 2540.0 NA
9/30/2009 2650.2 NA
10/31/2009 2606.0 NA
11/30/2009 2764.1 NA
12/31/2009 2837.5 NA
1/31/2010 2739.8 NA
2/28/2010 2838.2 NA
3/31/2010 3015.7 NA
4/30/2010 3070.6 NA
5/31/2010 2817.8 NA
6/30/2010 2659.4 2814.3*
7/31/2010 NA 3020.1
8/31/2010 NA 2884.1
9/30/2010 NA 3162.1
10/31/2010 NA 3299.1
11/30/2010 NA 3308.4
12/31/2010 NA 3530.8
1/31/2011 NA 3627.9
2/28/2011 NA 3747.5
3/31/2011 NA 3760.9
4/30/2011 NA 3890.8
5/31/2011 NA 3849.4
6/30/2011 3829.9* 3781.8
7/31/2011 3750.0 NA
8/31/2011 3527.0 NA
9/30/2011 3248.7** NA
10/31/2011 3603.4 NA
11/30/2011 3576.3 NA
12/31/2011 3592.7*** NA

*.   Return to table

**. SLT data 3573.7  Return to table

***. SLT data 3852.0  Return to table

Return to Figure

Figure 9. Foreign holdings of U.S. long-term securites, selected countries and security types
Figure 9.A. Treasuries, Belgium & Luxembourg
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 44.9 NA
2/28/2006 44.8 NA
3/31/2006 44.7 NA
4/30/2006 45.0 NA
5/31/2006 44.7 NA
6/30/2006 43.8 64.3*
7/31/2006 NA 64.9
8/31/2006 NA 65.0
9/30/2006 NA 65.5
10/31/2006 NA 65.2
11/30/2006 NA 64.9
12/31/2006 NA 64.3
1/31/2007 NA 63.4
2/28/2007 NA 63.9
3/31/2007 NA 62.9
4/30/2007 NA 63.3
5/31/2007 NA 62.4
6/30/2007 58.7* 62.5
7/31/2007 59.3 NA
8/31/2007 59.1 NA
9/30/2007 59.6 NA
10/31/2007 59.9 NA
11/30/2007 59.6 NA
12/31/2007 58.8 NA
1/31/2008 58.3 NA
2/29/2008 58.3 NA
3/31/2008 57.2 NA
4/30/2008 56.4 NA
5/31/2008 53.0 NA
6/30/2008 52.7 72.4*
7/31/2008 NA 72.6
8/31/2008 NA 72.2
9/30/2008 NA 71.9
10/31/2008 NA 71.9
11/30/2008 NA 73.8
12/31/2008 NA 74.1
1/31/2009 NA 74.0
2/28/2009 NA 75.2
3/31/2009 NA 78.2
4/30/2009 NA 78.3
5/31/2009 NA 77.0
6/30/2009 66.6* 77.3
7/31/2009 66.5 NA
8/31/2009 67.4 NA
9/30/2009 67.7 NA
10/31/2009 67.9 NA
11/30/2009 68.3 NA
12/31/2009 66.4 NA
1/31/2010 67.6 NA
2/28/2010 65.6 NA
3/31/2010 63.3 NA
4/30/2010 59.7 NA
5/31/2010 60.6 NA
6/30/2010 63.0 80.2*
7/31/2010 NA 79.6
8/31/2010 NA 78.5
9/30/2010 NA 75.6
10/31/2010 NA 76.4
11/30/2010 NA 78.5
12/31/2010 NA 78.3
1/31/2011 NA 78.5
2/28/2011 NA 77.1
3/31/2011 NA 76.3
4/30/2011 NA 76.5
5/31/2011 NA 69.5
6/30/2011 172.8* 64.6
7/31/2011 174.2 NA
8/31/2011 177.0 NA
9/30/2011 182.3** NA
10/31/2011 182.7 NA
11/30/2011 182.0 NA
12/31/2011 180.9*** NA

*. Actual survey data  Return to table

**. SLT data 218.12  Return to table

***. SLT data 231.0  Return to table

Figure 9.B. Agencies, Belgium & Luxembourg
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 83.0 NA
2/28/2006 84.0 NA
3/31/2006 82.8 NA
4/30/2006 82.9 NA
5/31/2006 82.9 NA
6/30/2006 83.0 81.6*
7/31/2006 NA 82.6
8/31/2006 NA 83.3
9/30/2006 NA 84.3
10/31/2006 NA 84.0
11/30/2006 NA 83.9
12/31/2006 NA 83.0
1/31/2007 NA 80.1
2/28/2007 NA 82.0
3/31/2007 NA 82.7
4/30/2007 NA 82.5
5/31/2007 NA 80.4
6/30/2007 72.8* 79.4
7/31/2007 72.0 NA
8/31/2007 69.7 NA
9/30/2007 69.3 NA
10/31/2007 66.0 NA
11/30/2007 62.7 NA
12/31/2007 60.8 NA
1/31/2008 62.5 NA
2/29/2008 60.7 NA
3/31/2008 56.2 NA
4/30/2008 51.2 NA
5/31/2008 45.1 NA
6/30/2008 40.2 53.2*
7/31/2008 NA 49.3
8/31/2008 NA 46.0
9/30/2008 NA 44.3
10/31/2008 NA 43.1
11/30/2008 NA 43.9
12/31/2008 NA 44.3
1/31/2009 NA 43.7
2/28/2009 NA 41.9
3/31/2009 NA 41.4
4/30/2009 NA 41.1
5/31/2009 NA 42.1
6/30/2009 37.2* 44.3
7/31/2009 42.4 NA
8/31/2009 42.9 NA
9/30/2009 42.1 NA
10/31/2009 41.5 NA
11/30/2009 43.0 NA
12/31/2009 43.0 NA
1/31/2010 42.0 NA
2/28/2010 40.5 NA
3/31/2010 40.0 NA
4/30/2010 37.6 NA
5/31/2010 32.6 NA
6/30/2010 31.4 27.3*
7/31/2010 NA 27.3
8/31/2010 NA 27.3
9/30/2010 NA 28.8
10/31/2010 NA 24.5
11/30/2010 NA 22.2
12/31/2010 NA 23.6
1/31/2011 NA 22.1
2/28/2011 NA 20.9
3/31/2011 NA 20.2
4/30/2011 NA 20.0
5/31/2011 NA 19.3
6/30/2011 25.6* 17.8
7/31/2011 25.4 NA
8/31/2011 25.2 NA
9/30/2011 19.3** NA
10/31/2011 18.6 NA
11/30/2011 15.7 NA
12/31/2011 13.8*** NA

*. Actual survey data  Return to table

**. SLT data 33.6  Return to table

***. SLT data 31.7  Return to table

Figure 9.C. Treasuries, U.K.
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 125.0 NA
2/28/2006 127.2 NA
3/31/2006 139.7 NA
4/30/2006 124.0 NA
5/31/2006 123.5 NA
6/30/2006 146.8 47.2*
7/31/2006 NA 24.2
8/31/2006 NA 30.5
9/30/2006 NA 38.0
10/31/2006 NA 30.6
11/30/2006 NA 42.1
12/31/2006 NA 54.0
1/31/2007 NA 62.6
2/28/2007 NA 79.8
3/31/2007 NA 104.8
4/30/2007 NA 88.2
5/31/2007 NA 116.1
6/30/2007 42.6* 136.3
7/31/2007 60.0 NA
8/31/2007 100.5 NA
9/30/2007 127.5 NA
10/31/2007 152.8 NA
11/30/2007 174.6 NA
12/31/2007 158.0 NA
1/31/2008 160.3 NA
2/29/2008 174.5 NA
3/31/2008 182.9 NA
4/30/2008 228.3 NA
5/31/2008 244.4 NA
6/30/2008 248.2 45.1*
7/31/2008 NA 43.9
8/31/2008 NA 60.9
9/30/2008 NA 74.3
10/31/2008 NA 92.5
11/30/2008 NA 95.2
12/31/2008 NA 86.9
1/31/2009 NA 84.0
2/28/2009 NA 70.0
3/31/2009 NA 71.7
4/30/2009 NA 79.3
5/31/2009 NA 83.4
6/30/2009 56.2* 94.9
7/31/2009 62.0 NA
8/31/2009 61.5 NA
9/30/2009 52.7 NA
10/31/2009 46.2 NA
11/30/2009 80.6 NA
12/31/2009 81.3 NA
1/31/2010 88.2 NA
2/28/2010 97.9 NA
3/31/2010 124.7 NA
4/30/2010 149.8 NA
5/31/2010 179.3 NA
6/30/2010 189.5 72.0*
7/31/2010 NA 79.3
8/31/2010 NA 123.3
9/30/2010 NA 124.4
10/31/2010 NA 128.0
11/30/2010 NA 131.2
12/31/2010 NA 147.0
1/31/2011 NA 150.5
2/28/2011 NA 158.2
3/31/2011 NA 183.9
4/30/2011 NA 192.6
5/31/2011 NA 200.3
6/30/2011 117.9* 204.3
7/31/2011 114.0 NA
8/31/2011 148.3 NA
9/30/2011 175.7** NA
10/31/2011 162.3 NA
11/30/2011 179.5 NA
12/31/2011 160.9*** NA

*.   Return to table

**. SLT data 96.7  Return to table

***. SLT data 89.4  Return to table

Figure 9.D. Corporate bonds, Cayman Islands
Billions of U.S. dollars
DATES Survey-S estimate (odd years) Survey-S estimate (even years)
1/31/2006 190.1 NA
2/28/2006 192.3 NA
3/31/2006 191.8 NA
4/30/2006 198.4 NA
5/31/2006 201.7 NA
6/30/2006 204.5 219.4*
7/31/2006 NA 223.6
8/31/2006 NA 232.6
9/30/2006 NA 237.8
10/31/2006 NA 244.9
11/30/2006 NA 254.7
12/31/2006 NA 261.8
1/31/2007 NA 261.5
2/28/2007 NA 266.0
3/31/2007 NA 273.6
4/30/2007 NA 277.3
5/31/2007 NA 278.9
6/30/2007 346.8* 267.3
7/31/2007 341.8 NA
8/31/2007 331.1 NA
9/30/2007 333.8 NA
10/31/2007 335.8 NA
11/30/2007 337.8 NA
12/31/2007 342.5 NA
1/31/2008 337.9 NA
2/29/2008 343.5 NA
3/31/2008 338.2 NA
4/30/2008 340.7 NA
5/31/2008 357.0 NA
6/30/2008 352.5 388.9*
7/31/2008 NA 380.9
8/31/2008 NA 366.3
9/30/2008 NA 343.4
10/31/2008 NA 314.1
11/30/2008 NA 320.0
12/31/2008 NA 333.6
1/31/2009 NA 327.9
2/28/2009 NA 320.7
3/31/2009 NA 324.1
4/30/2009 NA 330.8
5/31/2009 NA 349.0
6/30/2009 288.4* 351.5
7/31/2009 294.9 NA
8/31/2009 296.2 NA
9/30/2009 300.3 NA
10/31/2009 301.8 NA
11/30/2009 304.7 NA
12/31/2009 298.2 NA
1/31/2010 291.0 NA
2/28/2010 289.8 NA
3/31/2010 291.6 NA
4/30/2010 294.3 NA
5/31/2010 285.2 NA
6/30/2010 287.6 303.0*
7/31/2010 NA 311.9
8/31/2010 NA 315.4
9/30/2010 NA 321.9
10/31/2010 NA 324.9
11/30/2010 NA 317.8
12/31/2010 NA 327.4
1/31/2011 NA 332.8
2/28/2011 NA 335.7
3/31/2011 NA 339.8
4/30/2011 NA 347.0
5/31/2011 NA 344.5
6/30/2011 331.3* 341.9
7/31/2011 334.6 NA
8/31/2011 334.3 NA
9/30/2011 327.0** NA
10/31/2011 331.5 NA
11/30/2011 325.0 NA
12/31/2011 322.9*** NA

*. Actual survey data  Return to table

**. SLT data 429.9  Return to table

***. SLT data 413.2  Return to table

Return to Figure

Figure 10. Survey and SLT data and Survey-S estimates of U.S. holings of foreign securities
Figure 10.A Foreign bonds
Billions of U.S. dollars
DATES Survey-S estimate (even years) Survey-S estimate (odd years)
1/31/2006 1033.4 NA
2/28/2006 1032.7 NA
3/31/2006 1026.2 NA
4/30/2006 1034.8 NA
5/31/2006 1049.1 NA
6/30/2006 1054.5 NA
7/31/2006 1080.8 NA
8/31/2006 1103.5 NA
9/30/2006 1121.9 NA
10/31/2006 1135.5 NA
11/30/2006 1156.7 NA
12/31/2006 1177.1 1294.1*
1/31/2007 NA 1286.7
2/28/2007 NA 1307.5
3/31/2007 NA 1335.5
4/30/2007 NA 1352.4
5/31/2007 NA 1358.8
6/30/2007 NA 1353.6
7/31/2007 NA 1351.7
8/31/2007 NA 1375.2
9/30/2007 NA 1410.0
10/31/2007 NA 1429.2
11/30/2007 NA 1419.8
12/31/2007 1609.8* 1433.0
1/31/2008 1643.6 NA
2/29/2008 1637.3 NA
3/31/2008 1625.3 NA
4/30/2008 1614.9 NA
5/31/2008 1611.7 NA
6/30/2008 1616.0 NA
7/31/2008 1589.1 NA
8/31/2008 1564.2 NA
9/30/2008 1439.3 NA
10/31/2008 1328.4 NA
11/30/2008 1344.5 NA
12/31/2008 1397.8 1260.6*
1/31/2009 NA 1287.5
2/28/2009 NA 1260.9
3/31/2009 NA 1271.7
4/30/2009 NA 1315.8
5/31/2009 NA 1386.8
6/30/2009 NA 1418.4
7/31/2009 NA 1477.1
8/31/2009 NA 1488.0
9/30/2009 NA 1530.4
10/31/2009 NA 1553.9
11/30/2009 NA 1576.0
12/31/2009 1594.2* 1562.4
1/31/2010 1621.6 NA
2/28/2010 1627.8 NA
3/31/2010 1643.1 NA
4/30/2010 1671.2 NA
5/31/2010 1630.8 NA
6/30/2010 1640.7 NA
7/31/2010 1681.3 NA
8/31/2010 1715.1 NA
9/30/2010 1738.5 NA
10/31/2010 1751.9 NA
11/30/2010 1716.7 NA
12/31/2010 1712.9 1714.8*
1/31/2011 NA 1719.7
2/28/2011 NA 1728.1
3/31/2011 NA 1759.7
4/30/2011 NA 1796.6
5/31/2011 NA 1834.1
6/30/2011 NA 1820.6
7/31/2011 NA 1857.0
8/31/2011 NA 1860.9
9/30/2011 NA 1828.0**
10/31/2011 NA 1866.5
11/30/2011 NA 1832.2
12/31/2011 NA 1823.5***

*. Actual survey data  Return to table

**. SLT data 2128.9  Return to table

***. SLT data 2095.4  Return to table

Figure 10.B Foreign stocks
Billions of U.S. dollars
DATES Survey-S estimate (even years) Survey-S estimate (odd years)
1/31/2006 3566.3 NA
2/28/2006 3554.9 NA
3/31/2006 3652.1 NA
4/30/2006 3835.9 NA
5/31/2006 3645.8 NA
6/30/2006 3632.4 NA
7/31/2006 3664.1 NA
8/31/2006 3742.9 NA
9/30/2006 3765.8 NA
10/31/2006 3919.2 NA
11/30/2006 4095.6 NA
12/31/2006 4223.8 4329.0*
1/31/2007 NA 4358.2
2/28/2007 NA 4377.5
3/31/2007 NA 4506.6
4/30/2007 NA 4716.1
5/31/2007 NA 4860.7
6/30/2007 NA 4910.7
7/31/2007 NA 4904.8
8/31/2007 NA 4843.9
9/30/2007 NA 5187.9
10/31/2007 NA 5445.0
11/30/2007 NA 5170.7
12/31/2007 5252.9* 5118.8
1/31/2008 4749.3 NA
2/29/2008 4891.7 NA
3/31/2008 4782.4 NA
4/30/2008 5051.7 NA
5/31/2008 5149.0 NA
6/30/2008 4737.8 NA
7/31/2008 4535.0 NA
8/31/2008 4335.0 NA
9/30/2008 3680.5 NA
10/31/2008 2828.2 NA
11/30/2008 2601.7 NA
12/31/2008 2717.5 2748.4*
1/31/2009 NA 2508.4
2/28/2009 NA 2271.4
3/31/2009 NA 2444.6
4/30/2009 NA 2782.7
5/31/2009 NA 3160.5
6/30/2009 NA 3120.3
7/31/2009 NA 3436.2
8/31/2009 NA 3568.4
9/30/2009 NA 3754.1
10/31/2009 NA 3708.8
11/30/2009 NA 3816.3
12/31/2009 3995.3* 3898.4
1/31/2010 3801.0 NA
2/28/2010 3794.8 NA
3/31/2010 4044.5 NA
4/30/2010 4023.9 NA
5/31/2010 3583.0 NA
6/30/2010 3523.3 NA
7/31/2010 3844.2 NA
8/31/2010 3725.2 NA
9/30/2010 4096.4 NA
10/31/2010 4249.8 NA
11/30/2010 4095.7 NA
12/31/2010 4419.0 4646.9*
1/31/2011 NA 4708.8
2/28/2011 NA 4848.0
3/31/2011 NA 4843.0
4/30/2011 NA 5072.9
5/31/2011 NA 4912.1
6/30/2011 NA 4829.5
7/31/2011 NA 4774.1
8/31/2011 NA 4380.8
9/30/2011 NA 3847.0**
10/31/2011 NA 4268.4
11/30/2011 NA 4058.8
12/31/2011 NA 4001.2***

*. Actual survey data  Return to table

**. SLT data 4306.0  Return to table

***. SLT data 4479.6  Return to table

Return to Figure

Figure 11. SLT measurements and Survey-S estimates of changes in cross-border long-term securities holdings
Figure 11.A. Foreign holdings of U.S. securities, by type
Billions of U.S. dollars
SLT Change S Transactions Valuation Change Gap Survey-S estimate
Treasury bonds 78.8 54.4 -42.7 67.2 11.7
Agency bonds -4.9 -4.5 -1.6 1.2 -6.1
Corporate bonds -82.7 -31.5 -13.1 -38.1 -44.6
Corporate stocks 278.3 -15.4 394.7 -101.0 379.3
Total 269.6 3.0 337.3 -70.8 340.3
Figure 11.B. Foreign holdings of U.S. securities, by holder
Billions of U.S. dollars
SLT Change S Transactions Valuation Change Gap Survey-S
Official 91.4 -20.4 24.4 87.5 24.4
Private 178.2 23.4 313.0 -158.2 313.0
Total 269.6 3.0 337.3 -70.8 337.3
Figure 11.C. Foreign holdings of Treasury bonds, selected countries
Billions of U.S. dollars
SLT Change S Transactions Valuation Change Gap Survey-S estimate
All countries and IROs 78.8 54.4 -42.7 67.2 11.7
China -116.8 -46.1 -12.7 -58.0 -58.8
Norway 17.5 2.2 -0.4 15.7 1.8
Switzerland -5.3 -19.3 -1.3 15.3 -20.5
Ireland 18.0 3.2 -0.4 15.2 2.9
Taiwan 10.9 0.2 -1.6 12.4 -1.5
Luxembourg 11.9 0.4 -0.9 12.4 -0.5
Cayman Islands 5.6 -3.8 -0.5 9.8 -4.2
Other 137.0 117.6 -25.0 44.4 92.5
Figure 11.D. Foreign holdings of U.S. equities, selected areas
Billions of U.S. dollars
SLT Change S Transactions Valuation Change Gap Survey-S estimate
Total Europe 108.8 -17.3 172.3 -46.2 155.0
Caribbean banking centers 19.7 3.4 70.5 -54.2 73.9
Middle Eastern oil exporters 29.2 1.6 20.1 7.4 21.7
Total Asia 92.3 -1.3 89.2 4.4 87.9
All Other 28.4 -1.7 42.6 -12.4 40.9
All countries and IROs 278.3 -15.4 394.7 -101.0 379.3
Figure 11.E. U.S. holdings of foreign securities, by type
Billions of U.S. dollars
SLT Change S Transactions Valuation Change Gap Survey-S estimate
Total 140.1 -31.1 175.5 -4.3 144.4
Bonds -33.5 -20.9 11.2 -23.8 -9.7
Stocks 173.6 -10.2 164.3 19.5 154.1
Figure 11.F. U.S. holdings of foreign bonds, selected areas
Billions of U.S. dollars
SLT Change S Transactions Valuation Change Gap Survey-S estimate
All countries and IROs -33.5 -20.9 11.2 -23.8 -9.7
United Kingdom 9.5 -19.3 0.6 28.1 -18.7
Euro area countires -41.4 11.7 -2.5 -50.6 9.2
Return to Figure
Last update: June 12, 2012