U.S. Relations With the People's Republic of China (2008)

PRELIMINARY REPORT ON FOREIGN HOLDINGS OF U.S. SECURITIES AT END-JUNE 2007

Preliminary data from the latest annual survey of foreign portfolio holdings of U.S. securities are now available. The survey measured foreign holdings as of June 30, 2007, to be $9,772 billion, with $3,130 billion held in U.S. equities, $6,007 billion in U.S. long-term debt securities (securities with an original term-to-maturity in excess of one year), and $635 billion in U.S. short-term debt securities. The previous survey for June 30, 2006 found $2,430 billion in foreign holdings of U.S. equities, $4,733 billion in U.S. long-term debt securities, and $615 billion in short-term U.S. debt securities. A detailed survey report, which will include final data as well as additional data detail, is expected to be available at end-April 2008. The survey was a joint effort of the Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System.

Three data tables are presented below. Each table presents holdings by country of foreign holder. The first table shows foreign holdings of U.S. securities split into holdings of equities, long-term debt, and short-term debt. The second table divides holdings of long-term debt securities by type of issuer as follows: U.S. Treasury, U.S. government agency asset-backed, U.S. government agency non-asset-backed, U.S. corporate and other asset-backed, and U.S. corporate and other non-asset-backed. The third table shows separately foreign holdings of short-term U.S. Treasury, U.S. government agencies, and corporate (and other) debt securities.

It should be noted that in many cases it is not possible to accurately determine the country of residence of the beneficial owner of U.S. securities. Securities are often held in custody in countries other than the beneficial owner's country of residence. Respondents on this survey, in turn, may only know where the securities are held in custody. Thus, excessive foreign holdings may be attributed to countries that are major custodial centers, such as the United Kingdom, Switzerland, Belgium, and Luxembourg. Additional information on survey methodology and accuracy can be found in the article, Understanding U.S. Cross-Border Securities Data, from the Federal Reserve Bulletin, 2006.

Surveys of foreign portfolio holdings of U.S. securities are conducted annually and measure foreign holdings as of end-June each year. Complementary surveys of U.S. holdings of foreign securities are conducted annually as of end-December. Questions about the survey can be directed to Carol Bertaut or Dwight Wolkow (use the "Contact TIC" link at the upper right-side of the webpage). Questions from the news media should be directed to Rob Saliterman at (202) 622-2960 in the Office of Public Affairs at the Department of the Treasury.

The Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System wish to thank all of the institutions who participated in the survey, without whose efforts the survey would not have been possible.

Table 1 (preliminary data, Feb. 29, 2008)
Foreign holdings of U.S. securities by country as of June 30, 2007
($ Millions)

Country	Total LT+ST	Equity	Total LT Debt	Total ST Debt
Afghanistan	4	3	1	0
Albania	481	14	467	0
Andorra	1,065	877	188	*
Angola	319	308	9	3
Anguilla	2,049	1,376	632	41
Antigua and Barbuda	326	105	122	99
Argentina	9,094	2,678	5,047	1,368
Armenia	280	3	276	1
Aruba	1,047	571	426	51
Australia	165,387	86,594	69,777	9,015
Austria	25,672	13,262	10,794	1,616
Azerbaijan	1,052	4	1,048	0
Bahamas	30,198	16,126	11,999	2,073
Bangladesh	507	13	2	491
Barbados	24,560	1,187	7,782	15,591
Belarus	1	1	*	0
Belgium	396,431	24,592	368,751	3,089
Belize	193	92	76	24
Benin	2	1	*	0
Bermuda	238,482	90,384	133,017	15,081
Bhutan	37	37	1	0
Bolivia	2,152	134	1,011	1,007
Bosnia and Herzegovina	5	3	1	*
Botswana	2,252	1,094	1,118	39
Brazil	106,384	1,481	102,757	2,147
British Indian Ocean Territory	38	17	21	*
British Virgin Islands	107,802	66,527	33,935	7,340
Brunei	2,366	1,855	506	4
Bulgaria	11	10	1	*
Burkina Faso	13	11	2	0
Burma	1	1	*	0
Burundi	*	*	*	0
Cambodia	241	11	1	229
Cameroon	50	4	46	*
Canada	475,196	347,208	106,213	21,775
Cape Verde	*	*	0	0
Cayman Islands	740,197	279,474	422,347	38,376
Central African Republic	26	26	0	0
Chad	1	1	0	*
Chile	25,365	9,047	10,146	6,173
China (Mainland)¹	922,046	28,519	870,491	23,036
Colombia	15,789	1,593	8,808	5,388
Comoros	2	2	0	0
Congo (Brazzaville)	1	*	*	0
Congo (Kinshasa)	8	6	3	0
Cook Islands	88	39	48	2
Costa Rica	2,375	458	1,076	840
Cote D'Ivoire (Ivory Coast)	49	9	41	*
Croatia	1,175	64	505	607
Cuba	*	*	0	0
Cyprus	506	252	248	6
Czech Republic	5,308	397	4,465	446
Denmark	49,803	31,295	18,350	158
Djibouti	3	*	3	0
Dominica	44	32	11	1
Dominican Republic	1,957	312	1,428	217
East Timor	1,618	1	1,387	230
Ecuador	1,640	272	1,036	333
Egypt	10,852	324	8,736	1,792
El Salvador	1,403	127	412	864
Equatorial Guinea	1	1	0	*
Eritrea	*	*	1	0
Estonia	298	16	281	1
Ethiopia	9	7	1	1
Falkland Islands	3	3	*	0
Faroe Islands	*	*	*	0
Federated States of Micronesia	83	44	35	5
Fiji	8	7	1	*
Finland	12,063	7,935	3,646	481
France	221,164	131,529	83,962	5,674
French Guiana	1	1	*	0
French Polynesia	67	49	13	6
Gambia	46	8	1	37
Georgia	8	3	6	0
Germany	265,770	99,579	155,265	10,927
Ghana	63	9	4	50
Gibraltar	650	567	75	9
Greece	2,121	1,330	754	36
Greenland	2	*	3	0
Grenada	43	20	14	9
Guadeloupe	13	7	6	0
Guatemala	3,852	250	3,437	165
Guernsey	14,015	8,006	4,515	1,494
Guinea	31	22	8	0
Guinea-Bissau	1	1	0	0
Guyana	131	29	98	3
Haiti	668	51	595	22
Holy See (Vatican)	294	215	77	3
Honduras	362	64	257	41
Hong Kong	137,816	30,549	98,761	8,505
Hungary	1,414	207	1,140	67
Iceland	2,251	1,160	1,074	17
India	20,748	760	8,126	11,862
Indonesia	19,429	536	16,290	2,603
Ireland	342,028	81,120	175,784	85,124
Isle of Man	1,837	1,321	508	9
Israel	25,214	10,321	12,043	2,850
Italy	50,189	25,720	24,077	392
Jamaica	1,073	139	891	43
Japan	1,196,536	220,199	900,578	75,759
Jersey	67,397	13,321	53,585	491
Jordan	824	98	501	225
Kazakhstan	14,166	1,805	11,028	1,332
Kenya	86	54	29	3
Kirabati	183	49	134	0
Korea, South	137,870	5,355	117,980	14,535
Kyrgyzstan	44	29	15	0
Laos	1	1	1	0
Latvia	1,522	25	1,494	3
Lebanon	415	349	57	9
Lesotho	139	*	104	35
Liberia	2,091	1,390	506	195
Liechtenstein	4,189	3,511	671	6
Lithuania	23	12	8	3
Luxembourg	703,442	234,553	424,393	44,496
Macau	1,962	290	1,617	55
Macedonia	87	5	79	2
Madagascar	17	14	2	*
Malawi	12	9	2	*
Malaysia	26,550	965	24,815	770
Maldives	*	*	0	0
Mali	1	1	0	*
Malta	761	630	130	1
Marshall Islands	253	178	70	6
Martinique	12	6	6	0
Mauritania	1	1	*	0
Mauritius	498	185	11	302
Mayotte	*	*	0	0
Mexico	107,432	18,778	75,756	12,898
Moldova	163	*	163	0
Monaco	1,732	1,183	507	42
Mongolia	82	*	5	77
Montserrat	61	6	10	45
Morocco	1,337	109	1,213	16
Mozambique	348	3	345	*
Namibia	563	461	33	69
Nauru	13	10	3	0
Nepal	897	8	57	831
Netherlands	321,378	184,919	123,074	13,385
Netherlands Antilles	26,939	22,691	2,095	2,153
New Caledonia	13	10	1	3
New Zealand	12,203	7,834	3,501	869
Nicaragua	115	51	35	30
Niger	3	3	*	0
Niue Island	10	6	2	2
Norway	109,371	56,459	47,890	5,022
Pakistan	1,176	96	942	138
Palau	45	12	32	1
Panama	12,175	4,724	5,371	2,080
Papua New Guinea	206	3	153	50
Paraguay	338	117	183	37
Peru	5,063	1,080	3,407	575
Philippines	11,066	834	8,606	1,625
Pitcairn Island	1	1	0	0
Poland	17,761	539	11,991	5,231
Portugal	6,067	2,694	2,868	504
Reunion	2	2	0	*
Romania	645	43	599	3
Russia	147,699	203	108,899	38,598
Rwanda	3	2	1	*
Saint Helena	*	*	0	0
Saint Kitts and Nevis	731	367	338	25
Saint Lucia	69	28	37	5
Saint Pierre and Miquelon	90	43	47	0
Saint Vincent and the Grenadines	34	20	10	4
Samoa	170	104	60	6
San Marino	4	2	1	*
Sao Tome and Principe	*	0	1	0
Senegal	22	20	2	*
Serbia and Montenegro	1,531	13	1,323	194
Seychelles	20	13	7	*
Sierra Leone	1	1	1	0
Singapore	175,358	107,946	64,576	2,836
Slovakia	664	24	641	*
Slovenia	1,060	555	504	2
Solomon Islands	*	*	0	0
Somalia	1	*	1	0
South Africa	4,538	1,985	2,041	512
Spain	24,544	8,682	15,136	726
Sri Lanka	170	24	144	3
Sudan	*	*	0	0
Suriname	74	31	40	3
Swaziland	29	25	3	1
Sweden	99,005	59,623	35,375	4,007
Switzerland	328,982	174,288	139,641	15,054
Syria	15	10	2	2
Taiwan	121,003	10,888	107,305	2,810
Tajikistan	1	1	1	*
Tanzania	674	8	665	*
Thailand	21,709	591	17,789	3,329
Togo	2	1	1	0
Tokelau Islands	*	*	0	0
Tonga	22	22	0	0
Trinidad and Tobago	3,530	370	2,557	603
Tunisia	221	7	187	27
Turkey	28,859	197	17,119	11,544
Turkmenistan	2	2	1	0
Turks and Caicos Islands	526	285	148	94
Tuvalu	*	*	0	0
Uganda	838	13	93	731
Ukraine	4,787	26	4,761	*
United Kingdom	920,630	421,019	475,627	23,984
Uruguay	6,001	1,182	3,476	1,342
Uzbekistan	3	3	*	0
Vanuatu	11	4	6	1
Venezuela	9,270	1,673	6,146	1,451
Vietnam	8,590	19	5,730	2,841
Wallis and Futuna	18	16	1	*
West Bank & Gaza	*	*	0	0
Western Sahara	1	1	0	0
Yemen	6	5	1	1
Zambia	8	6	1	1
Zimbabwe	10	8	1	1
Country Unknown	213,837	428	211,251	2,158
International and Regional Organizations	41,816	2,929	35,384	3,504
African Oil Exporters²	2,137	287	820	1,029
Middle Eastern Oil Exporters³	308,394	139,393	124,989	44,012
Total	9,771,725	3,129,523	6,006,853	635,348
Of which: Foreign Official Institutions	2,822,894	266,324	2,300,822	255,748

* Greater than zero but less than $500,000.
1. Excludes Hong Kong, Macau, and Taiwan, which are reported separately.
2. Algeria, Gabon, Libya, and Nigeria.
3. Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates.

Totals by Region:

Total Africa	27,329	6,442	16,045	4,847
Total Asia	3,142,648	559,679	2,383,302	199,672
Total Caribbean	1,180,364	480,086	618,406	81,872
Total Europe	4,202,411	1,593,847	2,333,781	274,785
Total Latin America	309,212	43,864	228,577	36,772
Canada	475,196	347,208	106,213	21,775
Total Other Countries*	178,912	95,041	73,895	9,964
Country Unknown	213,837	428	211,251	2,158
International and Regional Organizations	41,816	2,929	35,384	3,504

* Australia, New Zealand, all Other Countries

Table 2 (preliminary data, Feb. 29, 2008)
Foreign holdings of long-term debt securities by country as of June 30, 2007
($ Millions)

Country	Total LT Debt	Treasury	Agency ABS	Agency other	Corporate ABS	Corporate other
Afghanistan	1	*	0	*	0	*
Albania	467	461	0	6	0	*
Andorra	188	25	*	108	2	54
Angola	9	*	0	2	0	6
Anguilla	632	203	1	50	36	341
Antigua and Barbuda	122	85	4	12	1	20
Argentina	5,047	1,572	143	1,749	23	1,560
Armenia	276	275	0	*	0	*
Aruba	426	78	46	141	81	81
Australia	69,777	10,278	3,063	29,582	4,605	22,249
Austria	10,794	2,206	1,456	799	525	5,809
Azerbaijan	1,048	281	2	140	10	615
Bahamas	11,999	2,426	1,247	1,850	1,623	4,853
Bangladesh	2	*	0	1	0	2
Barbados	7,782	1,042	378	2,175	813	3,375
Belarus	*	0	0	0	0	*
Belgium	368,751	13,805	1,913	31,409	54,136	267,487
Belize	76	4	2	12	1	57
Benin	*	0	0	0	0	*
Bermuda	133,017	20,301	20,332	13,182	32,801	46,400
Bhutan	1	0	0	*	0	*
Bolivia	1,011	750	14	173	23	52
Bosnia and Herzegovina	1	0	0	*	0	1
Botswana	1,118	1,019	0	60	0	39
Brazil	102,757	94,594	42	7,407	12	702
British Indian Ocean Territory	21	17	0	3	0	1
British Virgin Islands	33,935	13,863	794	3,707	812	14,759
Brunei	506	226	52	*	85	142
Bulgaria	1	*	0	*	0	*
Burkina Faso	2	0	0	2	0	0
Burma	*	0	0	0	0	*
Burundi	*	0	*	0	0	0
Cambodia	1	*	0	0	0	*
Cameroon	46	45	0	0	0	*
Canada	106,213	18,305	1,084	3,190	21,962	61,671
Cape Verde	0	0	0	0	0	0
Cayman Islands	422,347	23,376	46,376	5,834	189,714	157,046
Central African Republic	0	0	0	0	0	0
Chad	0	0	0	0	0	*
Chile	10,146	6,404	384	933	105	2,320
China (Mainland)¹	870,491	466,540	206,231	170,096	11,007	16,618
Colombia	8,808	3,379	1,315	1,928	606	1,579
Comoros	0	0	0	0	0	0
Congo (Brazzaville)	*	0	0	0	0	*
Congo (Kinshasa)	3	*	*	*	0	3
Cook Islands	48	*	*	4	3	40
Costa Rica	1,076	730	44	137	3	163
Cote D'Ivoire (Ivory Coast)	41	*	1	40	0	*
Croatia	505	491	*	2	*	12
Cuba	0	0	0	0	0	0
Cyprus	248	183	3	9	6	47
Czech Republic	4,465	3,306	*	1,082	*	77
Denmark	18,350	5,371	2,616	3,172	827	6,364
Djibouti	3	0	0	*	0	3
Dominica	11	5	1	1	1	3
Dominican Republic	1,428	348	34	683	9	355
East Timor	1,387	1,387	0	0	0	0
Ecuador	1,036	157	11	480	106	281
Egypt	8,736	8,300	36	128	41	231
El Salvador	412	102	15	166	5	123
Equatorial Guinea	0	0	0	0	0	*
Eritrea	1	0	0	*	0	*
Estonia	281	266	0	15	0	*
Ethiopia	1	*	*	1	0	*
Falkland Islands	*	0	0	0	0	*
Faroe Islands	*	0	0	0	0	*
Federated States of Micronesia	35	10	*	19	1	4
Fiji	1	*	*	*	*	*
Finland	3,646	689	208	563	131	2,055
France	83,962	15,037	869	9,604	35,168	23,284
French Guiana	*	*	0	0	0	0
French Polynesia	13	1	1	4	*	7
Gambia	1	*	*	*	1	*
Georgia	6	5	0	*	0	*
Germany	155,265	41,902	8,194	6,695	42,359	56,116
Ghana	4	2	*	*	0	2
Gibraltar	75	29	3	18	*	25
Greece	754	403	1	184	*	165
Greenland	3	2	0	0	0	*
Grenada	14	*	*	4	0	10
Guadeloupe	6	*	2	3	*	1
Guatemala	3,437	2,646	24	541	2	225
Guernsey	4,515	1,180	276	367	302	2,389
Guinea	8	0	*	*	0	8
Guinea-Bissau	0	0	0	0	0	0
Guyana	98	*	*	95	*	3
Haiti	595	25	7	417	49	97
Holy See (Vatican)	77	0	0	67	0	10
Honduras	257	18	18	106	2	112
Hong Kong	98,761	56,587	7,613	11,971	15,957	6,633
Hungary	1,140	439	25	30	133	514
Iceland	1,074	11	13	76	318	657
India	8,126	7,999	2	21	*	103
Indonesia	16,290	14,893	17	865	*	515
Ireland	175,784	14,448	19,699	5,631	55,580	80,427
Isle of Man	508	184	1	77	1	245
Israel	12,043	7,076	964	1,274	468	2,261
Italy	24,077	13,623	1,206	3,105	3,312	2,831
Jamaica	891	19	2	851	*	19
Japan	900,578	553,211	102,558	125,632	30,090	89,087
Jersey	53,585	1,028	82	369	40,776	11,330
Jordan	501	432	*	8	*	61
Kazakhstan	11,028	6,788	152	3,619	238	232
Kenya	29	15	*	8	0	5
Kirabati	134	10	0	0	0	124
Korea, South	117,980	42,840	10,713	52,323	2,526	9,579
Kyrgyzstan	15	15	0	0	0	*
Laos	1	0	0	*	0	*
Latvia	1,494	81	671	569	138	33
Lebanon	57	6	2	8	0	41
Lesotho	104	75	0	28	0	0
Liberia	506	39	4	37	19	407
Liechtenstein	671	129	186	24	3	330
Lithuania	8	*	*	4	0	3
Luxembourg	424,393	44,862	23,443	16,034	81,034	259,021
Macau	1,617	685	182	608	70	73
Macedonia	79	58	*	16	0	5
Madagascar	2	1	*	*	*	1
Malawi	2	*	0	*	0	1
Malaysia	24,815	9,435	5,509	7,710	1,775	387
Maldives	0	0	0	0	0	0
Mali	0	0	0	0	0	0
Malta	130	2	*	17	*	111
Marshall Islands	70	12	*	15	8	34
Martinique	6	0	*	4	0	2
Mauritania	*	0	0	0	0	*
Mauritius	11	0	0	5	2	5
Mayotte	0	0	0	0	0	0
Mexico	75,756	28,008	286	31,058	1,909	14,496
Moldova	163	59	0	103	0	*
Monaco	507	225	182	44	2	56
Mongolia	5	0	0	*	0	5
Montserrat	10	*	0	7	0	3
Morocco	1,213	1,134	*	77	0	1
Mozambique	345	272	8	5	46	15
Namibia	33	32	0	*	0	1
Nauru	3	*	*	*	0	3
Nepal	57	55	*	1	0	1
Netherlands	123,074	15,598	19,967	3,353	43,866	40,291
Netherlands Antilles	2,095	972	42	359	22	699
New Caledonia	1	*	0	*	0	*
New Zealand	3,501	907	358	674	411	1,150
Nicaragua	35	7	4	18	*	6
Niger	*	0	0	0	0	*
Niue Island	2	1	1	0	0	*
Norway	47,890	2,759	6,502	1,449	19,136	18,044
Pakistan	942	485	23	160	56	219
Palau	32	9	1	10	1	12
Panama	5,371	936	884	1,292	238	2,020
Papua New Guinea	153	46	2	105	0	*
Paraguay	183	19	9	80	*	75
Peru	3,407	499	24	1,632	47	1,204
Philippines	8,606	8,032	6	253	2	314
Pitcairn Island	0	0	0	0	0	0
Poland	11,991	7,612	116	3,573	5	685
Portugal	2,868	762	41	687	128	1,249
Reunion	0	0	0	0	0	0
Romania	599	483	*	114	0	2
Russia	108,899	33,491	1	75,277	*	130
Rwanda	1	1	0	0	0	*
Saint Helena	0	0	0	0	0	0
Saint Kitts and Nevis	338	170	2	67	1	99
Saint Lucia	37	20	*	9	0	7
Saint Pierre and Miquelon	47	0	0	0	9	38
Saint Vincent and the Grenadines	10	1	0	2	0	8
Samoa	60	19	2	20	9	10
San Marino	1	*	0	*	0	1
Sao Tome and Principe	1	*	0	0	0	*
Senegal	2	*	*	*	1	1
Serbia and Montenegro	1,323	1,322	0	*	0	1
Seychelles	7	*	0	7	0	*
Sierra Leone	1	*	0	0	0	*
Singapore	64,576	34,659	2,317	2,899	10,458	14,242
Slovakia	641	5	*	635	0	1
Slovenia	504	86	0	174	58	186
Solomon Islands	0	0	0	0	0	0
Somalia	1	*	0	0	0	*
South Africa	2,041	1,386	1	106	185	362
Spain	15,136	5,791	38	1,406	63	7,839
Sri Lanka	144	75	*	65	0	3
Sudan	0	0	0	0	0	0
Suriname	40	1	*	13	*	26
Swaziland	3	*	0	2	1	*
Sweden	35,375	15,018	521	4,403	3,018	12,415
Switzerland	139,641	33,969	6,440	10,375	34,238	54,619
Syria	2	*	0	*	0	2
Taiwan	107,305	43,052	26,151	28,745	818	8,538
Tajikistan	1	*	0	0	0	*
Tanzania	665	346	0	317	0	2
Thailand	17,789	17,276	47	11	137	318
Togo	1	*	*	0	0	*
Tokelau Islands	0	0	0	0	0	0
Tonga	0	0	0	0	0	0
Trinidad and Tobago	2,557	1,812	249	213	189	94
Tunisia	187	132	11	*	42	1
Turkey	17,119	17,074	*	16	0	28
Turkmenistan	1	*	0	0	0	*
Turks and Caicos Islands	148	35	16	41	5	52
Tuvalu	0	0	0	0	0	0
Uganda	93	92	0	*	0	1
Ukraine	4,761	3,949	1	810	*	2
United Kingdom	475,627	42,624	17,755	9,532	142,311	263,405
Uruguay	3,476	1,778	38	1,028	13	619
Uzbekistan	*	0	0	*	0	0
Vanuatu	6	5	0	0	0	1
Venezuela	6,146	2,606	119	1,226	63	2,132
Vietnam	5,730	5,638	16	21	19	36
Wallis and Futuna	1	0	0	0	0	1
West Bank & Gaza	0	0	0	0	0	0
Western Sahara	0	0	0	0	0	0
Yemen	1	*	0	*	0	*
Zambia	1	*	0	1	0	*
Zimbabwe	1	*	*	*	0	1
Country Unknown	211,251	5	6	15	596	210,629
International and Regional Organizations	35,384	14,960	5,739	3,924	7,030	3,731
African Oil Exporters²	820	747	2	37	*	34
Middle Eastern Oil Exporters³	124,989	78,710	11,508	18,081	6,638	10,053
Total	6,006,853	1,964,928	569,724	734,627	902,220	1,835,354
Of which: Foreign Official Institutions	2,300,822	1,451,660	235,827	514,664	43,738	54,933

Total Africa	16,045	13,643	67	866	337	1,135
Total Asia	2,383,302	1,349,298	373,910	420,755	80,106	159,233
Total Caribbean	618,406	64,781	69,534	29,611	226,156	228,325
Total Europe	2,333,781	348,411	112,584	195,761	557,824	1,119,202
Total Latin America	228,577	144,210	3,377	50,073	3,160	27,757
Canada	106,213	18,305	1,084	3,190	21,962	61,671
Total Other Countries*	73,895	11,314	3,423	30,433	5,047	23,673
Country Unknown	211,251	5	6	15	596	210,629
International and Regional Organizations	35,384	14,960	5,739	3,924	7,030	3,731

* Australia, New Zealand, all Other Countries

Table 3 (preliminary data, Feb. 29, 2008)
Foreign holdings of short-term debt securities by country as of June 30, 2007
($ Millions)

Country	Total	Treasury	Agency	Corporate
Afghanistan	0	0	0	0
Albania	0	0	0	0
Andorra	*	*	0	*
Angola	3	0	0	3
Anguilla	41	15	22	4
Antigua and Barbuda	99	78	2	18
Argentina	1,368	753	69	547
Armenia	1	1	0	0
Aruba	51	12	17	21
Australia	9,015	1,145	6,653	1,217
Austria	1,616	248	121	1,247
Azerbaijan	0	0	0	0
Bahamas	2,073	612	154	1,308
Bangladesh	491	486	0	5
Barbados	15,591	548	4,207	10,835
Belarus	0	0	0	0
Belgium	3,089	1,438	6	1,644
Belize	24	5	6	13
Benin	0	0	0	0
Bermuda	15,081	3,353	1,890	9,838
Bhutan	0	0	0	0
Bolivia	1,007	66	193	747
Bosnia and Herzegovina	*	0	0	*
Botswana	39	8	0	31
Brazil	2,147	211	1,648	288
British Indian Ocean Territory	*	0	0	*
British Virgin Islands	7,340	4,542	361	2,438
Brunei	4	1	1	2
Bulgaria	*	0	0	*
Burkina Faso	0	0	0	0
Burma	0	0	0	0
Burundi	0	0	0	0
Cambodia	229	229	0	1
Cameroon	*	*	0	*
Canada	21,775	6,684	428	14,664
Cape Verde	0	0	0	0
Cayman Islands	38,376	5,408	3,852	29,116
Central African Republic	0	0	0	0
Chad	*	0	0	*
Chile	6,173	938	1,436	3,799
China (Mainland)¹	23,036	10,687	10,982	1,367
Colombia	5,388	2,607	286	2,495
Comoros	0	0	0	0
Congo (Brazzaville)	0	0	0	0
Congo (Kinshasa)	0	0	0	0
Cook Islands	2	0	0	2
Costa Rica	840	158	8	674
Cote D'Ivoire (Ivory Coast)	*	*	0	0
Croatia	607	606	0	*
Cuba	0	0	0	0
Cyprus	6	4	*	1
Czech Republic	446	394	51	1
Denmark	158	51	81	26
Djibouti	0	0	0	0
Dominica	1	*	0	1
Dominican Republic	217	63	19	135
East Timor	230	230	0	0
Ecuador	333	40	114	179
Egypt	1,792	1,738	2	51
El Salvador	864	169	351	344
Equatorial Guinea	*	0	0	*
Eritrea	0	0	0	0
Estonia	1	1	0	*
Ethiopia	1	*	1	*
Falkland Islands	0	0	0	0
Faroe Islands	0	0	0	0
Federated States of Micronesia	5	*	4	0
Fiji	*	0	0	*
Finland	481	131	2	349
France	5,674	2,065	496	3,113
French Guiana	0	0	0	0
French Polynesia	6	2	2	2
Gambia	37	37	0	0
Georgia	0	0	0	0
Germany	10,927	4,017	415	6,494
Ghana	50	50	0	*
Gibraltar	9	5	*	3
Greece	36	17	3	16
Greenland	0	0	0	0
Grenada	9	7	1	*
Guadeloupe	0	0	0	0
Guatemala	165	76	10	80
Guernsey	1,494	319	42	1,133
Guinea	0	0	0	0
Guinea-Bissau	0	0	0	0
Guyana	3	*	0	3
Haiti	22	0	5	17
Holy See (Vatican)	3	3	0	0
Honduras	41	3	2	36
Hong Kong	8,505	342	4,660	3,503
Hungary	67	1	0	66
Iceland	17	0	15	2
India	11,862	5,977	1	5,885
Indonesia	2,603	2,507	7	89
Ireland	85,124	1,201	4,482	79,440
Isle of Man	9	2	0	7
Israel	2,850	1,428	115	1,308
Italy	392	337	27	28
Jamaica	43	34	5	4
Japan	75,759	69,126	3,097	3,536
Jersey	491	210	4	277
Jordan	225	224	*	1
Kazakhstan	1,332	808	415	109
Kenya	<