As the U.S. government spends an
unprecedented amount of money to fix the economy, there is an equally great
need to raise the cash to pay for it. This borrowing adds to the national debt,
which has recently surpassed $15 trillion and is rising every second.
The amount of debt is quickly approaching the federal debt ceiling, a legal
limit to borrowing that currently stands at $16.4 trillion.
Much of that debt is held by
private sector, but about 40 percent is held by public entities,
including parts of the government. Here's who owns the most. Foreign countries
listed include private and public investors, according to monthly U.S. Treasury
data.
1-Federal Reserve
and Intergovernmental Holdings
U.S. debt holdings: $6.328 trillion
That’s right; the biggest single
holder of U.S. government debt is inside the United States and includes the
Federal Reserve System and other intergovernmental holdings. Of this number,
The Fed's system of banks owns approximately $1.65
trillion in U.S. Treasury securities (as of January 2012), while
other U.S. intergovernmental holdings - which include
large funds such as the Medicare Trust Fund and the Social Security
Trust Fund - hold the
rest.
2.
China
U.S. debt holdings $1.107 trillion
3. Other Investors/Savings
Bonds
U.S. debt holdings $1.107 trillion
4.
Japan
U.S. debt holdings $1.038 trillion
5. Pension Funds
U.S. debt holdings $842.2 billion
6. Mutual
Funds
U.S. debt holdings: $653.5 billion
7. State and Local
Governments
U.S. debt holdings: $484.4 billion
8. The United
Kingdom
U.S. debt holdings: $429.4 billion
9. Depository
Institutions
U.S. debt holdings: $284.5 billion
10. Oil
Exporters
U.S. debt holdings: $254.5 billion
Asad Khan
Financial Analyst (CFB)
050-8774861
asad@cfb.ae
Financial Analyst (CFB)
050-8774861
asad@cfb.ae
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