Treasury: US Foreign Securities At $5.98
Trillion At End Of 2009
By Michael R. Crittenden, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- The U.S. government held nearly $6 trillion in foreign securities at the end of 2009, a 39% increase from 2008, the Treasury Department said Friday.
Foreign holdings stood at $5.98 trillion at the end of last year, up from $ 4.29 trillion in 2008, the department said. The figures reported in the final annual report were in line with preliminary results of the survey released in August.
The Treasury said a majority, or $4 trillion, of the portfolio is made up of foreign equity. An additional $1.6 trillion is held in foreign long-term debt, with $400 billion in foreign short-term debt.
Foreign securities from the United Kingdom represent the largest country- specific securities in the portfolio at $958 billion, followed by Canada and Japan.
-By Michael R. Crittenden, Dow Jones Newswires; 202-862-9273; michael.crittenden@dowjones.com
(END) Dow Jones Newswires
10-29-101615ET
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