MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) HOLDINGS 1/ AT END OF PERIOD 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 COUNTRY Nov Oct Sept Aug July June May April Mar Feb Jan Japan 714.9 714.2 719.2 721.3 697.2 689.0 667.0 652.4 645.9 613.8 583.2 Mainland China 191.1 186.7 180.4 172.6 167.4 165.2 164.4 162.5 157.3 153.7 156.2 United Kingdom 152.5 135.6 129.4 129.4 124.9 121.1 114.8 115.5 100.8 94.8 91.8 Caribbean Banking Centers 2/ 76.2 98.4 100.5 96.5 95.4 100.1 76.4 60.8 62.3 51.8 48.1 Korea 69.3 63.7 64.5 61.4 59.4 58.6 57.0 57.6 58.9 57.1 59.6 OPEC 60.6 59.7 55.0 49.3 54.6 51.5 45.6 44.9 43.0 41.1 43.4 Taiwan 58.1 57.6 57.5 56.4 57.7 58.0 57.3 56.8 54.9 55.8 53.1 Germany 55.9 52.5 51.2 48.5 49.1 47.9 49.9 50.2 45.9 46.0 47.5 Switzerland 51.0 51.4 49.1 49.5 48.6 50.2 49.3 51.1 48.6 48.3 45.1 Hong Kong 50.0 50.9 50.6 50.4 51.5 53.4 53.4 53.4 51.8 53.8 54.8 Mexico 41.0 40.7 41.5 43.5 42.2 45.9 36.5 30.6 28.9 28.4 27.5 Canada 40.2 34.5 34.1 33.6 33.8 31.1 33.5 33.7 31.0 28.5 26.2 Singapore 28.1 26.1 23.8 28.9 26.0 27.0 26.2 27.1 26.7 25.8 23.2 Luxembourg 28.0 27.9 27.2 27.2 27.1 27.2 25.6 26.3 27.8 27.7 26.1 Ireland 22.8 20.6 20.1 21.1 20.3 17.9 19.7 14.9 14.6 16.0 14.8 Belgium 16.5 15.7 15.6 15.5 15.7 16.1 13.6 13.2 12.8 12.6 14.6 Thailand 15.4 14.6 13.6 14.7 13.8 11.4 10.9 10.7 11.9 15.3 13.5 Italy 14.7 14.1 14.4 14.3 15.2 15.5 15.6 15.3 14.6 13.0 14.7 Turkey 14.4 16.0 16.8 16.4 15.0 15.0 15.7 16.3 14.9 14.2 14.5 Israel 14.3 11.7 13.6 12.3 13.8 18.1 18.0 15.5 16.4 14.1 10.5 Brazil 13.6 13.9 14.6 15.1 15.0 12.1 12.1 12.2 13.1 11.3 10.7 India 13.5 13.9 12.8 14.2 15.2 16.1 16.1 16.2 13.8 13.5 15.7 Sweden 11.8 11.5 10.5 10.3 9.6 9.9 11.3 9.7 10.3 10.5 9.6 Spain 11.8 8.9 9.6 9.0 10.1 10.4 10.0 11.0 9.3 9.6 10.8 Australia 8.8 7.1 6.7 7.0 7.8 7.3 7.5 7.6 10.2 12.7 10.8 Netherlands 8.2 8.5 9.8 7.1 14.4 14.4 13.4 15.2 12.2 12.4 13.2 France 7.5 7.8 10.1 10.1 11.8 11.1 11.0 12.2 16.4 12.2 16.0 All Other 142.2 135.9 126.7 120.3 125.3 119.7 116.5 122.4 119.4 116.6 115.7 Grand Totals 1932.4 1900.1 1878.9 1855.9 1837.9 1821.2 1748.3 1715.3 1673.7 1610.6 1570.9 Of which official 1176.8 1159.8 1144.2 1127.5 1109.6 1101.5 1068.7 1051.4 1034.9 994.8 967.3 Bills 255.4 259.5 259.5 253.7 251.3 248.9 232.9 224.8 231.6 225.6 214.5 Bonds and notes 921.4 900.3 884.7 873.8 858.3 852.6 835.8 826.6 803.3 769.2 752.8 Department of the Treasury/Federal Reserve Board January 18, 2005 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/ Includes Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, and Panama.