Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/3/2014 (7 months ago)

Catholic Online (www.catholic.org)

China, Japan hold largest shares of U.S. debt

Foreign interests now own more than $6 trillion in U.S. government debt, a recent Treasury Department report on major foreign debt holders revealed.

Foreign interests, including nations and businesses, own more than $6 trillion of U.S. government debt.

Foreign interests, including nations and businesses, own more than $6 trillion of U.S. government debt.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/3/2014 (7 months ago)

Published in Business & Economics

Keywords: Economics, Finance, U.S., Market, News, China, Japan


LOS ANGELES, CA (Catholic Online) - As of the end of June 2014, foreign-held debt totaled $6,013,200,000,000 in U.S. Treasury securities, up from $5,976,500,000,000 as of the end of May.

You can be a force for good in a dark world with "prayer and action."

At the end of June in 2001, foreign-held debt was only $983,300,000,000, and was even seeing a downward trend for four months. Since that time 13 years ago, it has grown more than six-fold.

A recent Treasury Department report on major foreign debt holders revealed that foreign interests no

A recent Treasury Department report on major foreign debt holders revealed that foreign interests now own more than $6 trillion in U.S. government debt.


Of the $6,013,200,000,000 foreign-held U.S. government debt, $4,108,200,000,000 was categorized by the Treasury as "foreign official" debt holdings-meaning it was owned by institutions controlled by foreign governments.

A recent Treasury Department report on major foreign debt holders revealed that foreign interests no

A recent Treasury Department report on major foreign debt holders revealed that foreign interests now own more than $6 trillion in U.S. government debt.



A recent Treasury Department report on major foreign debt holders revealed that foreign interests no

A recent Treasury Department report on major foreign debt holders revealed that foreign interests now own more than $6 trillion in U.S. government debt.


"Foreign official institutions," says the Treasury, "include the following: 1. Treasuries, including ministries of finance, or corresponding departments of national governments; central banks, including all departments thereof; stabilization funds, including official exchange control offices or other government exchange authorities; and diplomatic and consular establishments and other departments and agencies of national governments. 2. International and regional organizations. 3. Banks, corporations, or other agencies (including development banks and other institutions that are majority-owned by central governments) that are fiscal agents of national governments and perform activities similar to those of a treasury, central bank, stabilization fund, or exchange control authority."

China holds the single largest share of foreign-own debt with $1,268,400,000,000 in U.S. Treasury securities as of the end of June. Hong Kong holds another $158,200,000,000 in interest.

Japan holds the second largest share of the foreign-owned U.S. government debt, with $1,219,500,000,000.

The third largest share of debt is held by interests in Belgium, which owns $364,100,000,000 in Treasury securities as of the end of June.

The four largest share was held by what the Treasury calls "Caribbean Banking Centers" like the Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, and the British Virgin Islands, which owns $308,300,000,000 in debt.

Oil Exporters like Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya and Nigeria hold the fifth largest share with $262,100,000,000 in Treasury securities.

A 2013 Congressional Research Service report on Chinese holdings of U.S. government debt noted distinct efforts by the administration of President Barack Obama to reassure the Chinese government that U.S. government debt is a good investment.

"Since the beginning of the global financial crisis in 2008, U.S. government officials have increasingly sought to offer assurances to Chinese officials regarding the safety of China's holdings of U.S. government debt securities and to encourage China to continue to purchase U.S. securities," said the CRS report.

"For example, during her first visit to China on February 21, 2009, (then) Secretary of State Hillary Rodham Clinton was quoted as saying that she appreciated 'greatly the Chinese government's continuing confidence in the United States Treasuries,' and she urged the government to continue to buy U.S. debt."

The CRS report continued: "However on March 13, 2009, (then) Chinese Premier Wen Jiabao at a news conference stated: 'We've lent a huge amount of capital to the United States, and of course we're concerned about the security of our assets. And to speak truthfully, I am a little bit worried. I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets."

"The U.S. debt issue was a major topic during Vice President Joe Biden's trip to China in August 2011," said the CRS report. "At a meeting with Chinese Premier Wen Jiabao on August 19, 2011, Vice President Biden stated that 'we appreciate and welcome your concluding that the United States is such a safe haven because we appreciate your investment in U.S. treasuries. And very sincerely, I want to make clear that you have nothing to worry about in terms of their-their viability."

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Business & Economics

Meet the billionaires who pledged to give up their fortunes to change the world Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Through the "Giving Pledge," men and women belonging to the upper crust of the society, with billions of dollars in their name, commit to donating a large chunk of their fortune, whether through their lifetime or through their will. Coming from the majority of their ... continue reading


World's discarded electronic junk building up into massive toxic dump Watch

Image of Less than 16 percent of global e-waste is being diverted from landfill into recycling and reuse.

By Catholic Online (NEWS CONSORTIUM)

Television sets, washers and driers, stereos - broken, discarded, and then thrown away, are creating a massively toxic waste dump of gargantuan proportions. The irony in all this "e-waste" is the fact that precious metals such as gold and silver are also thrown ... continue reading


Australian father-and-son team raises $10 MILLION for beehive project Watch

Image of The beehive symbolizes productive activity, and for father and son Cedar and Stuart Anderson of Australia, their project was literally that.

By Catholic Online (NEWS CONSORTIUM)

The beehive symbolizes productive activity, and for father and son Cedar and Stuart Anderson of Australia, their project was literally that. Nearly 30,000 people have funded their "Flow Hive" project on Indiegogo for $10 million dollars. Not bad at all for such ... continue reading


'Slow ya roll' Obama. You spoke too soon? Job growth suddenly slows down Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Intent on rallying the nation on its improved economy, U.S. President Barack Obama appears increasingly aware that threats are gaining speed that could derail job growth. LOS ANGELES, CA (Catholic Online) - "Our economy has been growing, we've got momentum," ... continue reading


Federal taxes unbelievably through the roof for February Watch

Image of Uncle Sam took in a lot of cabbage for the first few months of 2015. Why is the U.S. still trailing a momentous deficit, then?

By Catholic Online (NEWS CONSORTIUM)

Uncle Sam took in a lot of cabbage for the first few months of 2015. Inflation-adjusted federal tax revenues hit a record $1,185,613,000,000 in the first five months of fiscal 2015. Why is it that the U.S. federal government still ran a $386,537,000,000 deficit ... continue reading


Top 10 most financially important cities in the world Watch

Image of

By Hannah Raissa Marfil (NEWS CONSORTIUM)

New York City is still the most important center in the financial world, according to the latest ranking made by the Long Finance in The Global Financial Index 17. In the latest rankings, it was observed that more cities in Asia are becoming important within the world ... continue reading


Apple topples AT&T from Dow Jones in reflection of iPhone's dominant position Watch

Image of The move by S&P Dow Jones Indices had been widely anticipated since a seven-for-one stock split in June 2014.

By Catholic Online (NEWS CONSORTIUM)

Largest company in the world, Apple will join the Dow Jones Industrial Average to replace AT&T. The change reflects the dominant position of the iPhone maker in the U.S. consumer economy today. The figures tell the tale: Apple has a market capitalization of ... continue reading


'Underage Red': Sephora shocks consumers with inappropriately named lipstick shades Watch

Image of

By Hannah Raissa Marfil (NEWS CONSORTIUM)

With lipstick shades called "Underage Red" and "Lolita," the cosmetic retailer brand Sephora is under fire once again. Using names that refer to young girls being described in a sexualized manner, the lipstick shades grabbed the attention of shoppers, eventually ... continue reading


Oprah Winfrey sadly shuts down Harpo Studios forever Watch

Image of 61-year-old, Oprah Winfrey continues to play an active role in Hollywood, despite the ending of her talk show and now Harpo Studios.

By Abigail James (NEWS CONSORTIUM)

Oprah Winfrey is set to shut down production at her Chicago-based Harpo Studios by the end of 2015. After much thought, the billionaire mogul has decided production for her personal network OWN will be better done in Hollywood. LOS ANGELES, CA (Catholic Online) - The ... continue reading


SHINY, RED APPLE: Computer giant is now twice as big as world's second largest firm, ExxonMobil Watch

Image of Strong sales of the larger-screened iPhones resulted in the largest quarterly profit reported by a company, with device sales rising 29.5 percent in the final three months of 2014 to $74.6 billion,

By Catholic Online (NEWS CONSORTIUM)

How big is Apple? The creator of the iPhone and tablets is SO BIG that it is now currently twice as big as its second-closest rival, ExxonMobil. This is being reflected in the stock market, where shares in Apple jumped 2.7 percent at the start of the week to ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Acts 11:1-18
1 The apostles and the brothers in Judaea heard that ... Read More

Psalm, Psalms 42:2-3; 43:3, 4
2 I thirst for God, the living God; when shall I go ... Read More

Gospel, John 10:1-10
1 'In all truth I tell you, anyone who does not enter ... Read More

Saint of the Day

Saint of the Day for April 27th, 2015 Image

St. Zita
April 27: St. Zita was born into a poor but holy Christian family. Her ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter