UNITED STATES
Table A:  Gross External Debt Position: By Sector 1/ 2/ as of September 30, 2025
U.S. Dollars in Millions
General Government  10,280,805
Short-term 1,416,162
Currency and deposits 3/ 0
Debt securities 1,416,162
Loans 0
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 8,864,643
Special drawing rights (allocations) 6/ 157,472
Currency and deposits 3/ 0
Debt securities 8,487,762
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 4,262,210
Short-term 3,101,109
Currency and deposits 3/ 1,820,133
Debt securities 159,510
Loans 1,121,466
Trade credit and advances 0
Other debt liabilities 4/ 5/ 0
Long-term 1,161,101
Currency and deposits 3/ 406,523
Debt securities 240,195
Loans 514,383
Trade credit and advances 0
Other debt liabilities 4/ 0
Other Sectors 11,623,168
Short-term 4,237,752
Currency and deposits 3/ 676,405
Debt securities 95,099
Loans 3,359,985
Trade credit and advances 106,263
Other debt liabilities 4/ 5/ 0
Long-term 7,385,416
Currency and deposits 3/ 3,122
Debt securities 6,874,369
Loans 499,798
Trade credit and advances 8,127
Other debt liabilities 4/ 0
Direct Investment: Intercompany Lending 1,876,407
Debt liabilities of direct investment enterprises to direct investors               957,669
Debt liabilities of direct investors to direct investment enterprises  918,738
Debt liabilities to fellow enterprises
Gross External Debt Position 29,127,909
     
Memorandum items
Arrears: By Sector 26,409
General Government 0
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 160
Other Sectors 26,249
Direct investment: Intercompany Lending 0
Debt Securities: By Sector 2/  14,454,360
General Government 7,999,941
Central Bank 0
Deposit-Taking Corporations, except the Central Bank 235,416
Other Sectors 6,219,003
     
1/ Source: Department of the Treasury, January 16, 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.