UNITED STATES
Table A:  Gross External Debt Position: By Sector 1/ 2/ as of September 30, 2025
U.S. Dollars in Millions
General Government  10,281,372
Short-term 1,419,572
Currency and deposits 3/ 0
Debt securities 1,419,572
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 8,861,800
Special drawing rights (allocations) 6/ 157,472
Currency and deposits 3/ 0
Debt securities 8,484,919
Loans 0
Trade credit and advances 219,409
Other debt liabilities 4/ 0
Central Bank 1,085,319
Short-term 1,085,319
Currency and deposits 3/ 1,085,319
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 4,214,217
Short-term 3,098,860
Currency and deposits 3/ 1,807,504
Debt securities 160,129
Loans 1,131,227
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 1,115,357
Currency and deposits 3/ 406,636
Debt securities 195,790
Loans 512,931
Trade credit and advances 0
Other debt liabilities 4/ 0
Other Sectors 11,697,811
Short-term 4,122,717
Currency and deposits 3/ 674,123
Debt securities 96,353
Loans 3,245,978
Trade credit and advances 106,263
Other debt liabilities 4/ 5/ 0
Long-term 7,575,094
Currency and deposits 3/ 3,111
Debt securities 6,945,360
Loans 618,496
Trade credit and advances 8,127
Other debt liabilities 4/ 0
Direct Investment: Intercompany Lending 1,838,609
Debt liabilities of direct investment enterprises to direct investors               928,302
Debt liabilities of direct investors to direct investment enterprises  910,307
Debt liabilities to fellow enterprises
Gross External Debt Position 29,117,328
     
Memorandum items
Arrears: By Sector 20,208
General Government 0
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 146
Other Sectors 20,062
Direct investment: Intercompany Lending 0
Debt Securities: By Sector 2/  14,258,884
General Government 7,901,855
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 198,082
Other Sectors 6,158,947
     
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.