UNITED STATES
Table A:  Gross External Debt Position: By Sector 1/ 2/ as of March 31, 2025
U.S. Dollars in Millions
General Government  10,120,763
Short-term 1,417,578
Currency and deposits 3/ 0
Debt securities 1,417,578
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 8,703,185
Special drawing rights (allocations) 6/ 152,617
Currency and deposits 3/ 0
Debt securities 8,340,442
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 4,123,331
Short-term 3,122,663
Currency and deposits 3/ 1,864,012
Debt securities 164,919
Loans 1,093,732
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 1,000,668
Currency and deposits 3/ 293,206
Debt securities 237,923
Loans 469,539
Trade credit and advances 0
Other debt liabilities 4/ 0
Other Sectors 11,015,522
Short-term 3,917,039
Currency and deposits 3/ 622,305
Debt securities 82,029
Loans 3,112,246
Trade credit and advances 100,459
Other debt liabilities 4/ 5/ 0
Long-term 7,098,483
Currency and deposits 3/ 6,402
Debt securities 6,589,323
Loans 493,556
Trade credit and advances 9,202
Other debt liabilities 4/ 0
Direct Investment: Intercompany Lending 1,775,310
Debt liabilities of direct investment enterprises to direct investors               952,115
Debt liabilities of direct investors to direct investment enterprises  823,195
Debt liabilities to fellow enterprises
Gross External Debt Position 28,097,015
     
Memorandum items
Arrears: By Sector 24,805
General Government 0
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 149
Other Sectors 24,656
Direct investment: Intercompany Lending 0
Debt Securities: By Sector 2/  13,694,293
General Government 7,713,312
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 240,563
Other Sectors 5,740,418
     
1/ Source: Department of the Treasury, July 2, 2025.  
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.