UNITED STATES
Table A:  Gross External Debt Position: By Sector 1/ 2/ as of December 31, 2025
U.S. Dollars in Millions
General Government  10,372,074
Short-term 1,450,266
Currency and deposits 3/ 0
Debt securities 1,450,266
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 8,921,808
Special drawing rights (allocations) 6/ 157,304
Currency and deposits 3/ 0
Debt securities 8,544,257
Loans 0
Trade credit and advances 220,247
Other debt liabilities 4/ 0
Central Bank 1,094,255
Short-term 1,094,255
Currency and deposits 3/ 1,094,255
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 4,318,964
Short-term 3,132,859
Currency and deposits 3/ 1,832,995
Debt securities 157,372
Loans 1,142,492
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 1,186,105
Currency and deposits 3/ 442,198
Debt securities 199,195
Loans 544,712
Trade credit and advances 0
Other debt liabilities 4/ 0
Other Sectors 11,807,417
Short-term 4,212,749
Currency and deposits 3/ 663,339
Debt securities 99,344
Loans 3,339,534
Trade credit and advances 110,532
Other debt liabilities 4/ 5/ 0
Long-term 7,594,668
Currency and deposits 3/ 820
Debt securities 7,069,863
Loans 518,955
Trade credit and advances 5,030
Other debt liabilities 4/ 0
Direct Investment: Intercompany Lending 1,834,700
Debt liabilities of direct investment enterprises to direct investors               929,731
Debt liabilities of direct investors to direct investment enterprises  904,969
Debt liabilities to fellow enterprises
Gross External Debt Position 29,427,410
     
Memorandum items
Arrears: By Sector 24,965
General Government 0
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 150
Other Sectors 24,815
Direct investment: Intercompany Lending 0
Debt Securities: By Sector 2/  14,366,910
General Government 7,901,219
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 200,523
Other Sectors 6,265,168
     
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.