UNITED STATES
Table A:  Gross External Debt Position: By Sector 1/ 2/ as of June 30, 2025
U.S. Dollars in Millions
General Government  10,196,317
Short-term 1,416,737
Currency and deposits 3/ 0
Debt securities 1,416,737
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 8,779,580
Special drawing rights (allocations) 6/ 157,820
Currency and deposits 3/ 0
Debt securities 8,407,596
Loans 0
Trade credit and advances 214,164
Other debt liabilities 4/ 0
Central Bank 1,070,473
Short-term 1,070,473
Currency and deposits 3/ 1,070,473
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 4,198,950
Short-term 3,055,749
Currency and deposits 3/ 1,829,158
Debt securities 152,126
Loans 1,074,465
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 1,143,201
Currency and deposits 3/ 391,728
Debt securities 240,606
Loans 510,867
Trade credit and advances 0
Other debt liabilities 4/ 0
Other Sectors 11,283,155
Short-term 4,091,441
Currency and deposits 3/ 653,252
Debt securities 84,207
Loans 3,249,721
Trade credit and advances 104,261
Other debt liabilities 4/ 5/ 0
Long-term 7,191,714
Currency and deposits 3/ 5,799
Debt securities 6,670,008
Loans 508,014
Trade credit and advances 7,893
Other debt liabilities 4/ 0
Direct Investment: Intercompany Lending 1,855,396
Debt liabilities of direct investment enterprises to direct investors               966,884
Debt liabilities of direct investors to direct investment enterprises  888,512
Debt liabilities to fellow enterprises
Gross External Debt Position 28,604,291
     
Memorandum items
Arrears: By Sector 25,757
General Government 0
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 155
Other Sectors 25,602
Direct investment: Intercompany Lending 0
Debt Securities: By Sector 2/  13,952,356
General Government 7,794,153
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 248,098
Other Sectors 5,910,105
     
1/ Source: Department of the Treasury, September 30, 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.