U.S. International Debt
As a result of persistent current account deficits, the U.S. international investment position has shifted from a net credit of $265 billion in 1982 to a net debt of $775 billion in 1995. The biggest shift has taken place in portfolio investments. Since 1982, foreigners have acquired $906 billion in private U.S. securities and $360 billion in U.S. Treasury obligations. Over this same period, U.S. holdings of foreign securities have increased by about $650 billion.
Suggested citation: “U.S. International Debt,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-09, pp. 19, 09.01.1996.