UNITED STATES
Table A:  Gross External Debt Position: By Sector 1/ 2/ as of March 31, 2025
U.S. Dollars in Millions
General Government  10,154,510
Short-term 1,417,579
Currency and deposits 3/ 0
Debt securities 1,417,579
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 8,736,931
Special drawing rights (allocations) 6/ 152,617
Currency and deposits 3/ 0
Debt securities 8,374,188
Loans 0
Trade credit and advances 210,126
Other debt liabilities 4/ 0
Central Bank 1,062,089
Short-term 1,062,089
Currency and deposits 3/ 1,062,089
Debt securities 0
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 0
Special drawing rights (allocations) 6/ 0
Currency and deposits 3/ 0
Debt securities 0
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 0
Deposit-Taking Corporations, except the Central Bank 4,159,969
Short-term 3,155,340
Currency and deposits 3/ 1,889,201
Debt securities 160,436
Loans 1,105,703
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 1,004,629
Currency and deposits 3/ 299,383
Debt securities 235,972
Loans 469,274
Trade credit and advances 0
Other debt liabilities 4/ 0
Other Sectors 11,095,935
Short-term 3,938,059
Currency and deposits 3/ 622,111
Debt securities 83,630
Loans 3,131,859
Trade credit and advances 100,459
Other debt liabilities 4/ 5/ 0
Long-term 7,157,876
Currency and deposits 3/ 6,400
Debt securities 6,642,542
Loans 499,732
Trade credit and advances 9,202
Other debt liabilities 4/ 0
Direct Investment: Intercompany Lending 1,841,634
Debt liabilities of direct investment enterprises to direct investors               956,160
Debt liabilities of direct investors to direct investment enterprises  885,474
Debt liabilities to fellow enterprises
Gross External Debt Position 28,314,137
     
Memorandum items
Arrears: By Sector 24,816
General Government 0
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 149
Other Sectors 24,667
Direct investment: Intercompany Lending 0
Debt Securities: By Sector 2/  13,702,237
General Government 7,717,990
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 237,973
Other Sectors 5,746,274
     
1/ Source: Department of the Treasury, June 30, 2026.  
2/ All debts are presented at face value. Exception: long-term debt securities in
the memorandum section are valued at market value, as recommended.
3/ It is recommended that all currency and deposits be included in the short-term category
unless detailed information is available to make the short-term/long-term attribution.
4/ Other debt liabilities comprise insurance, pension, and standardized guarantee schemes,
and other accounts payable. It is recommended that insurance, pension, and standardized
guaranteed schemes be classified as long term.  
5/ Arrears are recorded in the original debt instrument. Arrears are shown separately in
the memorandum items.  
6/ In line with BPM6, SDR allocations should be reported as long-term external debt liabilities.