The U.S. Treasury released a report entitled, "Preliminary Annual Report on U.S. Portfolio Holdings of Foreign Securities at End-December 2009. It shows U.S. holdings of "Total Europe" Short-Term Debt Securities at just $287 billion, far below a number of recent estimates. The release says, "Preliminary data from the latest annual survey of U.S. portfolio holdings of foreign securities are now available. The survey measured U.S. holdings at year-end 2009 of approximately $6.0 trillion, with $4.0 trillion held in foreign equities, $1.6 trillion in foreign long-term debt securities (original term-to-maturity in excess of one year), and $0.4 trillion held in foreign short-term debt securities. The previous such survey, conducted as of year-end 2008, measured U.S. holdings of $4.3 trillion, with $2.7 trillion held in foreign equities, $1.3 trillion in foreign long-term debt securities and $0.3 trillion held in foreign short-term debt securities. Final survey results, which will include additional data detail as well as possible revisions to the preliminary data, will be released on October 29, 2010. The survey was a joint effort of the Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System."
