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
No comments:
Post a Comment