MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) HOLDINGS 1/ AT END OF PERIOD 2003 2003 COUNTRY Dec Nov Oct Sept Aug July June 2/ May Apr Mar Feb Jan Series IV Series III Japan 551.8 532.0 508.5 491.1 471.4 463.1 461.0 454.3 442.4 401.9 399.3 390.7 385.0 Mainland China 158.0 152.7 150.9 146.7 148.4 150.4 147.1 138.3 136.9 134.9 133.2 121.8 120.7 United Kingdom 82.8 78.0 77.3 72.4 84.0 78.2 56.1 91.9 81.1 80.6 81.8 77.5 81.1 Korea 63.2 63.4 62.5 61.7 59.5 59.6 60.2 40.3 38.9 36.9 36.7 37.4 36.7 Caribbean Banking Centers 3/ 53.6 47.6 44.2 51.3 53.5 53.9 48.1 62.3 66.7 58.4 61.7 50.0 48.2 Taiwan 51.4 50.9 48.4 48.0 46.4 45.1 43.0 37.9 36.1 35.9 37.4 36.9 37.4 Hong Kong 49.6 47.3 43.6 42.4 43.7 42.0 43.0 50.9 48.9 51.6 48.9 48.8 50.1 Switzerland 46.3 46.7 44.9 45.0 44.2 42.0 41.1 34.3 32.6 34.5 35.3 34.1 34.5 Germany 45.0 45.9 46.5 46.5 47.0 44.6 41.6 41.3 40.3 36.7 35.6 36.0 36.0 OPEC 42.1 42.8 40.3 40.3 40.6 39.4 38.0 40.4 40.0 41.5 43.1 43.0 47.7 Mexico 27.4 26.3 24.2 24.5 25.5 25.4 24.9 28.5 26.5 26.4 27.1 27.8 26.1 Luxembourg 25.4 25.8 25.7 26.2 26.8 26.2 25.2 23.6 23.5 23.9 23.6 23.4 23.1 Canada 23.9 20.1 18.6 22.9 22.5 20.1 15.7 13.1 9.0 11.6 9.9 7.8 9.0 Singapore 21.2 22.6 23.0 23.7 24.9 24.2 23.7 20.1 18.5 19.4 18.5 17.8 17.3 France 17.3 20.4 20.0 19.6 18.7 19.5 22.5 17.5 15.6 17.3 17.6 18.4 20.2 India 16.7 16.1 14.9 13.5 13.7 11.3 10.4 9.2 10.9 10.6 9.7 9.5 8.6 Turkey 15.7 15.5 16.7 19.2 16.4 15.3 13.9 12.5 11.8 11.0 11.9 12.9 13.2 Ireland 15.0 15.4 15.1 15.4 14.9 13.4 12.6 8.7 9.0 8.3 9.3 9.3 7.2 Belgium 14.4 15.2 14.7 14.2 14.2 12.5 12.0 12.1 12.2 12.3 12.2 15.0 16.6 Italy 13.2 17.3 15.6 16.6 16.9 16.4 16.2 16.5 16.3 16.7 16.4 16.9 17.3 Australia 12.6 10.9 11.2 8.7 10.4 9.9 9.0 12.5 9.4 9.4 8.0 7.6 8.1 Netherlands 12.4 14.2 13.6 14.2 17.9 18.9 18.7 19.3 18.2 16.3 12.4 10.9 8.9 Israel 12.2 11.9 11.4 12.1 12.0 13.1 11.8 12.4 12.8 14.2 14.9 12.9 11.7 Spain 11.9 12.9 13.3 14.6 17.7 17.7 18.2 16.9 15.6 15.7 14.7 15.0 16.2 Brazil 11.8 11.2 11.7 11.3 12.7 11.7 12.1 15.9 15.7 14.1 14.3 13.5 13.0 Thailand 11.7 12.7 14.7 14.8 14.6 15.2 15.7 15.1 14.1 14.2 14.3 15.0 17.1 Sweden 9.9 9.3 10.0 11.0 11.4 11.1 11.4 14.1 13.5 13.2 13.2 12.7 12.5 All Other 111.7 116.2 113.1 116.7 116.5 114.6 118.7 121.4 115.7 116.1 117.4 118.0 117.7 Grand Totals 1528.2 1501.3 1454.6 1444.6 1446.4 1414.8 1371.9 1381.3 1332.2 1283.6 1278.4 1240.6 1241.2 Of which Foreign Official 934.1 926.3 900.1 880.6 880.2 872.9 864.2 824.0 807.6 783.3 788.7 777.4 770.1 Treasury Bills 212.0 215.6 207.9 207.9 215.6 207.3 211.0 211.0 211.1 201.7 207.3 197.6 195.0 Treasury Bonds & Notes 722.1 710.8 692.2 672.7 664.6 665.6 653.2 613.0 596.5 581.6 581.4 579.8 575.1 2002 2002 COUNTRY Dec Nov Oct Sept Aug July June 3/ May April Mar Feb Jan Series Series III II Japan 378.1 374.9 372.9 373.8 364.6 361.8 349.2 335.8 317.8 314.6 312.6 311.9 310.6 Mainland China 118.4 112.4 106.5 104.7 102.3 96.9 96.5 81.0 81.3 82.4 84.5 76.5 77.5 United Kingdom 80.8 82.5 80.6 76.6 69.7 64.7 53.2 83.6 75.6 64.7 65.6 53.9 46.2 OPEC 50.3 53.6 52.9 52.4 53.1 53.7 52.9 44.9 45.6 44.6 44.3 44.7 47.3 Caribbean Banking Centers 4/ 49.5 44.8 45.8 40.6 33.0 43.1 34.6 46.2 37.7 29.6 33.6 36.3 37.9 Hong Kong 47.5 49.0 46.8 45.3 48.0 44.1 42.9 43.5 43.6 43.5 47.1 47.3 46.2 Korea 38.0 37.7 37.5 35.8 35.8 35.0 32.6 37.7 35.4 34.7 32.6 33.4 32.3 Taiwan 37.4 37.5 37.2 37.2 38.7 38.9 36.7 33.9 32.9 31.9 33.3 32.9 33.8 Germany 37.3 35.8 34.4 34.2 35.0 36.6 39.0 46.1 46.5 45.9 45.5 43.9 44.0 Switzerland 34.0 38.3 34.6 35.4 34.2 35.0 33.4 19.6 19.0 18.6 21.3 18.1 18.4 Mexico 26.6 26.5 26.8 25.4 25.6 25.5 25.8 22.2 21.9 22.3 21.9 20.5 19.9 Luxembourg 5/ 23.9 23.7 23.3 23.8 22.8 22.9 23.1 n.a. n.a. n.a. n.a. n.a. n.a. France 22.9 23.0 21.0 23.0 23.0 22.7 23.4 17.6 16.7 15.5 14.8 17.7 17.7 Spain 19.1 17.2 14.5 15.4 17.5 16.8 16.5 15.0 14.7 14.5 15.8 16.5 17.5 Singapore 17.8 18.0 19.6 19.7 19.4 20.4 20.0 20.4 19.2 19.4 18.1 19.5 19.0 Thailand 17.2 18.5 18.0 17.3 18.1 17.7 17.7 16.7 16.2 15.8 16.5 16.2 16.1 Italy 16.3 16.6 17.0 18.2 18.0 17.9 18.0 20.3 20.6 19.9 20.5 20.6 20.4 Turkey 13.5 12.8 12.1 12.4 12.2 11.0 10.3 10.0 10.5 11.1 10.2 10.4 8.2 Belgium 5/ 13.0 13.2 12.8 13.2 13.3 11.6 11.3 22.9 21.7 21.8 22.4 21.2 21.8 Netherlands 13.0 10.3 8.6 11.5 10.6 12.6 12.3 * * * 0.3 3.8 2.6 Brazil 12.7 13.0 12.4 12.1 10.9 11.2 11.3 11.0 10.8 10.4 10.8 10.1 10.9 Israel 12.5 11.2 10.5 12.9 11.2 12.7 11.2 16.0 15.4 16.4 15.6 14.6 14.8 Sweden 12.3 11.2 9.5 9.7 9.4 8.9 8.8 6.4 6.9 6.3 6.2 5.9 6.1 Canada 10.4 9.0 6.1 8.6 8.1 9.7 11.7 12.6 14.5 13.7 15.7 14.2 12.4 India 9.2 9.0 7.9 8.1 9.6 9.3 9.1 8.8 6.3 5.4 6.3 5.4 5.8 Australia 8.4 9.1 9.3 8.8 9.5 9.1 6.7 10.1 9.8 9.7 9.8 9.1 8.7 Ireland 7.0 7.0 7.5 8.7 8.5 7.2 7.9 8.9 8.8 9.4 9.8 7.3 7.2 All Other 111.5 107.2 111.1 106.8 109.8 109.0 110.0 106.3 111.8 120.7 122.1 123.9 126.3 Grand Totals 1238.6 1223.0 1197.2 1191.6 1171.9 1164.7 1126.1 1097.5 1061.2 1042.8 1057.2 1035.8 1029.6 Of which, Foreign Official 763.1 756.8 742.8 739.5 747.0 745.7 738.8 629.9 614.2 607.6 614.7 612.2 617.2 Treasury Bills 190.4 190.1 188.4 185.2 189.0 188.3 176.2 175.7 162.0 155.3 160.9 163.6 166.1 Treasury Bonds & Notes 572.7 566.7 554.4 554.3 558.0 557.4 562.6 454.2 452.2 452.3 453.8 448.6 451.1 2001 2001 COUNTRY Dec Nov Oct Sept Aug July June May April Mar Feb Jan Japan 317.9 315.4 314.5 292.9 293.1 295.3 300.8 306.7 305.9 307.1 312.5 312.3 Mainland China 78.6 77.9 72.3 72.0 73.4 74.2 72.7 69.2 69.2 69.8 63.7 61.5 Germany 47.8 46.6 46.2 46.5 47.6 46.6 47.6 49.0 47.9 46.1 44.8 48.0 Hong Kong 47.7 42.9 39.3 45.6 42.1 43.3 41.9 39.7 38.5 41.0 39.5 39.1 OPEC 46.8 45.3 42.4 42.7 44.5 44.3 43.4 43.2 44.6 45.9 47.8 48.5 United Kingdom 45.0 42.5 49.4 41.5 40.0 44.0 51.6 55.2 53.8 58.4 48.4 47.8 Taiwan 35.3 34.7 35.1 35.8 35.0 33.9 34.9 34.9 35.3 35.5 35.4 34.5 Caribbean Banking Centers 4/ 33.6 39.1 30.3 29.4 29.4 24.1 24.3 25.1 26.6 30.6 34.0 30.9 Korea 32.8 31.9 30.4 28.5 27.0 26.9 27.3 26.1 27.7 29.9 28.1 28.5 Belgium-Luxembourg 22.4 22.2 21.8 21.5 21.6 21.6 21.6 21.2 21.3 20.7 28.7 29.4 France 20.6 22.6 24.3 24.0 25.5 24.4 26.0 22.6 21.8 24.7 23.4 22.0 Singapore 20.0 20.5 21.3 19.8 19.8 19.7 19.7 20.2 23.3 24.1 26.0 26.2 Mexico 19.3 19.4 18.5 16.2 18.2 17.0 17.5 18.3 16.9 17.5 13.8 14.9 Italy 18.9 18.9 18.6 19.5 20.4 20.7 20.4 20.4 20.0 19.9 21.3 20.8 Switzerland 18.7 17.6 17.8 17.1 16.6 16.4 16.1 16.1 17.3 17.2 17.5 17.1 Thailand 15.7 15.3 14.6 14.3 14.4 13.9 14.1 14.4 14.4 14.5 14.7 14.3 Spain 15.6 15.4 14.9 16.7 16.5 16.3 16.1 17.0 17.7 18.1 18.7 19.0 Canada 15.4 12.4 12.1 15.2 14.4 13.8 15.4 14.8 13.7 12.5 12.5 12.8 Netherlands 5.2 5.6 6.4 8.3 10.4 7.8 6.7 5.5 7.2 9.7 13.4 10.6 All Other 182.8 190.1 185.8 184.7 184.1 171.7 165.2 166.6 164.7 169.3 171.2 172.6 GRAND TOTAL 1040.1 1036.3 1016.0 992.2 994.0 975.9 983.3 986.2 987.8 1012.5 1015.4 1010.8 of which, Foreign Official 619.4 624.2 611.6 602.7 601.7 590.0 586.9 588.8 594.1 614.2 614.3 616.9 Treasury Bills 161.7 167.6 161.1 153.9 154.7 143.3 139.2 137.9 144.2 155.2 155.7 159.0 Treasury Bonds & Notes 457.7 456.6 450.5 448.8 447.0 446.7 447.7 450.9 449.9 459.0 458.6 457.9 2000 2000 COUNTRY March 6/ Dec Nov Oct Sept Aug July June May April Series II Series I Japan 317.7 321.7 317.7 317.3 317.8 319.6 318.8 319.4 322.4 307.6 325.8 Mainland China 60.3 58.9 59.5 62.1 62.6 66.4 67.5 72.5 71.7 71.4 59.4 United Kingdom 50.2 54.5 60.4 64.3 66.4 63.1 68.1 77.5 77.7 78.6 235.7 Germany 49.0 50.1 52.1 50.9 52.4 52.6 54.7 54.1 54.2 56.4 96.0 OPEC 47.7 48.4 48.0 46.8 47.8 48.0 45.9 43.1 43.6 43.9 47.0 Hong Kong 38.6 37.9 38.7 37.4 38.0 38.3 38.6 38.6 38.3 39.2 45.3 Caribbean Banking Centers 4/ 37.4 36.3 39.2 33.9 37.4 37.5 38.4 41.0 43.8 47.9 56.5 Taiwan 33.4 33.2 34.4 38.1 39.8 41.1 41.9 42.1 44.0 43.6 29.4 Korea 29.6 27.3 28.3 28.1 27.5 28.1 28.9 25.8 25.0 24.7 27.1 Belgium-Luxembourg 29.6 24.3 23.4 23.3 24.6 25.0 25.2 25.3 26.1 27.1 26.4 Singapore 27.9 28.4 29.7 31.5 33.8 34.5 34.0 32.8 33.2 35.2 30.9 France 25.1 25.6 27.6 27.4 28.5 27.6 28.1 26.8 30.0 33.6 28.8 Italy 20.8 20.8 20.8 20.8 20.9 21.0 19.4 19.8 19.5 18.7 18.0 Spain 19.0 19.8 20.1 21.0 21.1 21.7 20.2 19.6 20.6 19.5 22.1 Switzerland 16.4 16.9 17.4 17.8 18.6 19.2 20.6 23.2 23.6 24.3 21.4 Mexico 15.3 17.9 16.2 16.9 17.3 16.1 14.6 15.8 15.3 14.4 17.0 Canada 14.2 15.8 16.9 16.5 15.4 16.0 17.0 16.7 17.6 15.8 19.2 Thailand 13.8 13.7 13.6 13.8 13.9 14.0 13.4 13.2 13.5 14.0 9.7 Netherlands 11.4 13.0 12.9 12.6 11.7 11.9 13.1 13.6 15.0 14.3 9.8 All Other 157.8 156.5 158.3 158.3 158.4 154.2 152.3 151.3 153.8 154.8 126.6 GRAND TOTAL 1015.2 1021.0 1035.2 1038.8 1053.9 1055.9 1060.7 1072.2 1088.9 1085.0 1252.1 of which, Foreign Official 609.2 610.1 615.1 622.6 633.5 633.3 631.6 624.7 634.9 635.6 600.8 Treasury Bills 153.0 155.1 155.1 155.5 159.8 160.1 157.2 148.8 157.6 164.8 164.8 Treasury Bonds & Notes 456.2 455.0 460.0 467.1 473.7 473.2 474.4 475.9 477.3 470.8 436.0 Department of the Treasury/Federal Reserve Board August 16, 2004 _______________________________________________________ * Less than $50 million. 1/ Estimated foreign holdings of U.S. Treasury marketable and nonmarketable bills, bonds and notes are based on Treasury Foreign Portfolio Investment Survey benchmarks and on monthly data reported under the Treasury International Capital (TIC) reporting system. 2/ Denotes series break: Series III positions data for this month and prior periods to June 2002 are based on end-June 2002 benchmark survey; Series IV positions data for this month and subsequent periods are based on end-June 2003 benchmark survey. 3/ Denotes series break: Series II positions data for this month and prior periods to March 2000 are based on the end-March 2000 benchmark survey; Series III positions data for this month and subsequent periods through May 2003 are based on the end-June 2002 benchmark survey. 4/ Includes Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, and Panama. 5/ Prior to June 2002, Belgium line in this table includes holdings for both Belgium and Luxembourg. Historically, data shown as Belgium-Luxembourg. 6/ Denotes series break: Series I positions data for this month and prior periods are based on the end-1994 benchmark survey; Series II positions data for this month and subsequent periods through May 2002 are based on the end-March 2000 benchmark survey.