| Market Value of U.S. Portfolio Holdings of Foreign Securities, by Country and Type of Security, as of December 31, 2024 | |||||
| Department of the Treasury/Federal Reserve Board | |||||
| These are Preliminary data, released on August 29, 2025. This page and data expire on October 31, 2025. | |||||
| (Amounts in millions of U.S. dollars) | |||||
| Long-term | Short-term | ||||
| Code | Country of Issuer | Total | Equity | Debt Securities (4) | Debt Securities | 
| 15105 | Albania | 487 | 0 | 479 | 7 | 
| 10103 | Andorra | 41 | 0 | 39 | 1 | 
| 50202 | Angola | 2,651 | 0 | 2,651 | 0 | 
| 30228 | Anguilla | * | * | 0 | 0 | 
| 35203 | Antigua and Barbuda | 1 | 1 | 0 | 0 | 
| 30104 | Argentina | 22,055 | 7,862 | 13,994 | 199 | 
| 16519 | Armenia | 828 | 3 | 825 | * | 
| 35254 | Aruba | 183 | 1 | 160 | 21 | 
| 60089 | Australia | 423,266 | 244,953 | 134,229 | 44,084 | 
| 10189 | Austria | 28,757 | 15,714 | 12,808 | 235 | 
| 16527 | Azerbaijan | 892 | 0 | 892 | 0 | 
| 35319 | Bahamas | 4,237 | 2,265 | 1,369 | 603 | 
| 40703 | Bahrain | 2,454 | 124 | 2,330 | 0 | 
| 40746 | Bangladesh | 110 | 110 | 0 | 0 | 
| 30155 | Barbados | 2,678 | * | 2,678 | 0 | 
| 16209 | Belarus | 223 | 0 | 223 | 0 | 
| 10251 | Belgium | 60,848 | 45,251 | 15,138 | 460 | 
| 35718 | Belize | * | * | 0 | 0 | 
| 51802 | Benin | 519 | 0 | 519 | 0 | 
| 35602 | Bermuda | 280,808 | 227,195 | 53,539 | 74 | 
| 36161 | Bonaire, Saint Eustatius and Saba (2) | 29 | 0 | 29 | 0 | 
| 30201 | Bolivia | 52 | 0 | 52 | 0 | 
| 14109 | Bosnia and Herzegovina | 6 | 0 | 6 | 0 | 
| 50504 | Botswana | 51 | 5 | 46 | 0 | 
| 30309 | Brazil | 134,333 | 105,663 | 27,609 | 1,061 | 
| 60208 | British Indian Ocean Territory | 4 | 4 | 0 | 0 | 
| 35807 | British Virgin Islands | 51,132 | 44,206 | 6,926 | 0 | 
| 15202 | Bulgaria | 1,064 | 30 | 1,034 | 0 | 
| 57118 | Burkina Faso | 8 | 8 | 0 | 0 | 
| 51004 | Cameroon | 289 | 3 | 285 | 0 | 
| 29998 | Canada | 1,472,852 | 916,131 | 443,599 | 113,122 | 
| 36137 | Cayman Islands | 2,759,787 | 2,145,295 | 603,929 | 10,564 | 
| 30406 | Chile | 39,888 | 13,056 | 26,743 | 89 | 
| 41408 | China, mainland (1) | 240,410 | 224,903 | 15,263 | 244 | 
| 30503 | Colombia | 24,805 | 3,191 | 21,614 | 0 | 
| 51608 | Congo (Brazzaville) | 118 | 0 | 118 | 0 | 
| 30589 | Costa Rica | 2,115 | 2 | 2,113 | 0 | 
| 53007 | Cote d'Ivoire | 2,825 | 40 | 2,785 | 0 | 
| 14214 | Croatia | 234 | 32 | 203 | 0 | 
| 36188 | Curacao (2) | 38,270 | 37,638 | 0 | 632 | 
| 10405 | Cyprus | 1,963 | 1,616 | 347 | 0 | 
| 15288 | Czech Republic | 5,462 | 1,445 | 4,017 | 0 | 
| 10502 | Denmark | 225,572 | 212,382 | 11,909 | 1,282 | 
| 36218 | Dominica | * | 0 | * | 0 | 
| 30805 | Dominican Republic | 7,559 | 1 | 7,558 | 0 | 
| 31003 | Ecuador | 2,403 | 40 | 2,363 | 0 | 
| 57002 | Egypt | 8,682 | 1,620 | 5,782 | 1,279 | 
| 31089 | El Salvador | 2,750 | 0 | 2,750 | 0 | 
| 15407 | Estonia | 680 | 347 | 332 | 0 | 
| 52108 | Ethiopia | 70 | 0 | 70 | 0 | 
| 10618 | Faroe Islands | 845 | 597 | 248 | 0 | 
| 10707 | Finland | 51,129 | 39,016 | 10,023 | 2,091 | 
| 10804 | France | 754,541 | 538,426 | 179,563 | 36,553 | 
| 52418 | Gabon | 403 | 4 | 399 | 0 | 
| 16535 | Georgia | 325 | 1 | 323 | 0 | 
| 11002 | Germany | 536,503 | 445,984 | 78,222 | 12,297 | 
| 52604 | Ghana | 1,443 | 67 | 1,376 | 0 | 
| 11088 | Gibraltar | 190 | 29 | 161 | 0 | 
| 11207 | Greece | 17,010 | 13,278 | 3,732 | 0 | 
| 10545 | Greenland | 559 | * | 559 | 0 | 
| 36706 | Grenada | 14 | 0 | 14 | 0 | 
| 31208 | Guatemala | 2,711 | 0 | 2,711 | 0 | 
| 13006 | Guernsey | 61,458 | 60,103 | 1,354 | 1 | 
| 31305 | Guyana | 7 | 0 | 7 | 0 | 
| 31488 | Honduras | 769 | 0 | 769 | 0 | 
| 42005 | Hong Kong | 91,751 | 85,880 | 5,040 | 831 | 
| 15504 | Hungary | 14,650 | 5,702 | 8,878 | 70 | 
| 11304 | Iceland | 1,550 | 567 | 979 | 4 | 
| 42102 | India | 383,205 | 372,822 | 10,376 | 7 | 
| 42218 | Indonesia | 61,003 | 35,669 | 25,334 | 0 | 
| 42404 | Iraq | 323 | 0 | 323 | 0 | 
| 11401 | Ireland | 1,057,154 | 951,842 | 79,591 | 25,721 | 
| 13008 | Isle of Man | 5,057 | 4,171 | 887 | 0 | 
| 42501 | Israel | 111,296 | 96,484 | 14,759 | 52 | 
| 11509 | Italy | 170,590 | 121,045 | 49,545 | 0 | 
| 31607 | Jamaica | 585 | * | 584 | 0 | 
| 42609 | Japan | 1,198,008 | 1,003,614 | 175,555 | 18,839 | 
| 13007 | Jersey | 188,644 | 123,210 | 64,451 | 983 | 
| 42706 | Jordan | 1,739 | 9 | 1,731 | 0 | 
| 16543 | Kazakhstan | 5,802 | 2,829 | 2,896 | 77 | 
| 53104 | Kenya | 1,374 | 112 | 1,261 | 0 | 
| 43001 | Korea, South | 194,775 | 172,353 | 21,883 | 539 | 
| 43109 | Kuwait | 7,562 | 7,185 | 366 | 10 | 
| 15601 | Latvia | 756 | * | 756 | 0 | 
| 43419 | Lebanon | 169 | 2 | 167 | 0 | 
| 53201 | Liberia | 52,224 | 45,562 | 6,661 | 0 | 
| 11606 | Liechtenstein | 40 | 20 | 20 | 0 | 
| 15709 | Lithuania | 430 | 19 | 411 | 0 | 
| 11703 | Luxembourg | 293,585 | 227,885 | 61,540 | 4,159 | 
| 43508 | Macau | 85 | * | 85 | 0 | 
| 14419 | Macedonia | 155 | 0 | 155 | 0 | 
| 43605 | Malaysia | 31,438 | 20,705 | 10,733 | 0 | 
| 43702 | Maldives | 232 | 232 | 0 | 0 | 
| 11819 | Malta | 1,898 | 156 | 1,742 | 0 | 
| 61204 | Marshall Islands | 12,813 | 10,928 | 1,886 | 0 | 
| 53708 | Mauritania | 46 | 0 | 46 | 0 | 
| 53805 | Mauritius | 30,624 | 28,844 | 1,780 | 0 | 
| 54518 | Mayotte | * | * | 0 | 0 | 
| 31704 | Mexico | 142,401 | 62,550 | 79,747 | 104 | 
| 12009 | Monaco | 5 | 4 | * | 0 | 
| 43818 | Mongolia | 462 | 1 | 461 | 0 | 
| 13625 | Montenegro (2) | 286 | 0 | 286 | 0 | 
| 54003 | Morocco | 2,977 | 92 | 2,884 | 0 | 
| 54089 | Mozambique | 157 | 0 | 157 | 0 | 
| 54127 | Namibia | 72 | 11 | 61 | 0 | 
| 12106 | Netherlands | 621,419 | 484,438 | 132,052 | 4,929 | 
| 61689 | New Zealand | 26,372 | 11,295 | 12,502 | 2,575 | 
| 54208 | Niger | 4 | 1 | 3 | 0 | 
| 54305 | Nigeria | 4,719 | 181 | 3,781 | 757 | 
| 12203 | Norway | 66,680 | 29,921 | 24,192 | 12,567 | 
| 44105 | Oman | 4,542 | 66 | 4,476 | 0 | 
| 44709 | Pakistan | 1,442 | 346 | 1,060 | 36 | 
| 31887 | Panama | 42,713 | 24,190 | 18,507 | 17 | 
| 61751 | Papua New Guinea | 58 | 12 | 46 | 0 | 
| 32107 | Paraguay | 2,413 | 0 | 2,413 | 0 | 
| 32204 | Peru | 16,798 | 1,535 | 15,263 | 0 | 
| 44806 | Philippines | 19,241 | 11,036 | 8,203 | 2 | 
| 15768 | Poland | 24,643 | 12,378 | 12,265 | 0 | 
| 12319 | Portugal | 12,328 | 9,290 | 3,032 | 6 | 
| 45101 | Qatar | 14,005 | 7,850 | 6,155 | 0 | 
| 15806 | Romania | 11,460 | 942 | 10,519 | 0 | 
| 16101 | Russia | 12,676 | 12,000 | 676 | 0 | 
| 55018 | Rwanda | 73 | 4 | 69 | 0 | 
| 37508 | Saint Lucia | * | 0 | * | 0 | 
| 45608 | Saudi Arabia | 56,897 | 44,962 | 11,935 | 0 | 
| 55301 | Senegal | 937 | 15 | 922 | 0 | 
| 13218 | Serbia | 3,261 | * | 3,261 | 0 | 
| 55409 | Seychelles | 19 | * | 19 | 0 | 
| 46019 | Singapore | 167,441 | 119,741 | 31,580 | 16,120 | 
| 15318 | Slovakia | 1,138 | 148 | 990 | 0 | 
| 14338 | Slovenia | 1,291 | 507 | 784 | 0 | 
| 55719 | South Africa | 61,352 | 46,459 | 14,893 | 0 | 
| 12505 | Spain | 182,998 | 129,980 | 52,056 | 963 | 
| 41319 | Sri Lanka | 1,845 | 49 | 1,796 | * | 
| 37702 | Suriname | 371 | 0 | 371 | 0 | 
| 12602 | Sweden | 179,944 | 137,572 | 20,983 | 21,388 | 
| 12688 | Switzerland | 603,012 | 557,363 | 44,129 | 1,520 | 
| 46302 | Taiwan | 460,716 | 460,687 | 29 | 0 | 
| 16578 | Tajikistan | 52 | 0 | 52 | 0 | 
| 56405 | Tanzania | 58 | 58 | 0 | 0 | 
| 46418 | Thailand | 33,305 | 27,441 | 5,864 | 0 | 
| 56502 | Togo | 69 | 25 | 44 | 0 | 
| 32409 | Trinidad and Tobago | 747 | 0 | 747 | 0 | 
| 56707 | Tunisia | 312 | 10 | 302 | 0 | 
| 12807 | Turkey | 28,125 | 13,057 | 15,025 | 43 | 
| 37818 | Turks and Caicos Islands | 64 | 1 | 63 | 0 | 
| 56804 | Uganda | 191 | 31 | 160 | 0 | 
| 16403 | Ukraine | 2,135 | 46 | 2,089 | 0 | 
| 46604 | United Arab Emirates | 39,162 | 24,631 | 11,941 | 2,590 | 
| 13005 | United Kingdom | 1,628,391 | 1,196,675 | 394,001 | 37,716 | 
| 32603 | Uruguay | 5,012 | 4 | 5,006 | 1 | 
| 16705 | Uzbekistan | 2,257 | 0 | 2,257 | 0 | 
| 32719 | Venezuela | 1,550 | * | 1,550 | 0 | 
| 46906 | Vietnam | 3,330 | 3,185 | 146 | 0 | 
| 57207 | Zambia | 691 | 1 | 689 | 0 | 
| 54704 | Zimbabwe | 1 | 1 | 0 | 0 | 
| 79995 | International & regional orgs. | 137,882 | 1,042 | 121,545 | 15,295 | 
| 99996 | Total | 15,834,419 | 12,098,321 | 3,343,278 | 392,820 | 
| Totals by Region | |||||
| 59994 | Total Africa | 172,959 | 123,154 | 47,768 | 2,037 | 
| 49999 | Total Asia | 3,126,948 | 2,720,088 | 367,590 | 39,270 | 
| 34401 | Total Caribbean | 3,146,094 | 2,456,603 | 677,596 | 11,894 | 
| 19992 | Total Europe | 6,872,026 | 5,396,017 | 1,312,937 | 163,072 | 
| 16713 | Of which: Euro area countries (3) | 3,795,251 | 3,024,972 | 682,866 | 87,412 | 
| 39942 | Total Latin America | 443,145 | 218,094 | 223,581 | 1,470 | 
| 29998 | Canada | 1,472,852 | 916,131 | 443,599 | 113,122 | 
| 69906 | Total other countries | 462,513 | 267,192 | 148,662 | 46,659 | 
| 79995 | International & regional orgs. | 137,882 | 1,042 | 121,545 | 15,295 | 
| * Greater than zero, but less than $500,000. | |||||
| 1. Excludes Hong Kong and Macau, which are reported separately. | |||||
| 2. Separate reporting for certain country groups began with the 2013 survey. | |||||
| Entries for Bonaire, Sint Eustatius, and Saba; Curacao; and Sint Maarten were previously | |||||
| reported together as Netherlands Antilles. | |||||
| Entries for Guadeloupe and for Saint Martin and Saint Barthelemy were previously reported | |||||
| together as Guadeloupe. | |||||
| Entries for Kosovo, Montenegro, and Serbia were previously reported together as Serbia. | |||||
| 3. Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, | |||||
| Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain. | |||||
| 4. Long-term debt securities have an original term-to-maturity in excess of one year. | |||||
| Notes: | |||||
| To easily convert this html file into a spreadsheet, download the file and open it from your spreadsheet program. | |||||
| A summary of the data is in a Press Release dated August 29, 2025. | |||||
| Questions about the survey can be directed to the Treasury Department (202-622-1276, or -7527), or | |||||
| by email using the "Contact TIC" button on many TIC webpages, at: | |||||
| https://apps-treas-sites.secure.force.com/treasuryforms/Form?templateID=a1Qt0000002aSqSEAU | |||||
| Questions from the news media should be directed to Treasury's Office of Public Affairs at (202) 622-2960. | |||||
| Acknowledgements: The Department of the Treasury, the Federal Reserve Bank of New York, and | |||||
| the Board of Governors of the Federal Reserve System wish to thank all of the institutions that | |||||
| participated in the survey and without whose efforts the survey would not have been possible. | |||||