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Preliminary Annual Report on U.S. Holdings of Foreign Securities at Year-End 2022

August 31, 2023 / Source: Treasury

WASHINGTON – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2022 were released today and posted on the Treasury website here. The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 31, 2023.

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, 2023, are currently being processed. Preliminary results are expected to be reported on February 29, 2024.

Overall Preliminary Results

The survey measured the value of U.S. holdings of foreign securities at year-end 2022 at approximately $14.0 trillion, with $10.3 trillion held in foreign equities, $3.3 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 2021, measured the value of U.S. holdings at $16.3 trillion, with $12.1 trillion held in foreign equities, $3.7 trillion held in foreign long-term debt securities, and $0.6 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, 2021

Dec. 31, 2022

Long-term securities

15,757

13,536

      Equities

12,061

10,258

      Long-term debt

3,696

3,278

Short-term debt securities

      562

     447

Total

16,319

13,983

 

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, 2022

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

Total

Equity

Long-Term Debt

Short-Term Debt

1

Cayman Islands

      2,652

      1,919

                  725

                        8

2

United Kingdom

      1,393

         973

                  388

                      32

3

Canada

      1,240

         730

                  396

                    115

4

Japan

      1,085

         840

                  186

                      59

5

Ireland

         775

         677

                    79

                      20

6

France

         695

         506

                  157

                      32

7

Switzerland

         592

         549

                    41

                        2

8

Netherlands

         581

         414

                  154

                      13

9

Germany

         454

         358

                    82

                      14

10

Australia

         423

         253

                  122

                      48

11

India

         287

         277

                      9

                        0

12

Bermuda

         249

         202

                    47

                        0

13

China, mainland (1)

         243

         226

                    15

                        1

14

Taiwan

         232

         231

                      1

 *

15

Korea, South

         205

         180

                    23

                        2

16

Luxembourg

         204

         143

                    56

                        4

17

Sweden

         180

         131

                    22

                      27

18

Denmark

         173

         160

                    13

                        0

19

Jersey

         161

         134

                    27

                        0

20

Brazil

         150

         135

                    15

                        1

21

Mexico

         143

           73

                    69

                        1

22

Spain

         142

         101

                    40

                        2

23

International organizations

         137

             0

                  125

                      12

24

Hong Kong

         127

         121

                      6

                        1

25

Italy

         124

           81

                    43

                        0

26

Singapore

         111

           71

                    12

                      28

27

Israel

           87

           68

                    18

                        1

28

Norway

           86

           50

                    28

                        9

29

South Africa

           65

           51

                    14

                        0

30

Indonesia

           65

           36

                    28

 *

Rest of world

         922

         567

                  339

                      16

Total

13,983

10,258

3,278

447