Wednesday, May 21, 2008
[IWS] CRS: FOREIGN HOLDINGS of FEDERAL DEBT [12 March 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Congressional Research Service (CRS)
Order Code RS22331
Updated March 12, 2008
Foreign Holdings of Federal Debt
Justin Murray, Information Research Specialist, Knowledge Services Group
Marc Labonte, Specialist in Macroeconomics, Government and Finance Division
http://assets.opencrs.com/rpts/RS22331_20080312.pdf
[full-text, 6 pages]
Summary
This report presents current data on estimated ownership of United States Treasury
securities and major holders of federal debt by country. Federal debt represents the
accumulated balance of borrowing by the federal government. To finance federal
borrowing, United States Treasury securities are sold to investors. Treasury securities
may be purchased directly from the Treasury or on the secondary market by individual
private investors, financial institutions in the United States or overseas, and foreign,
state, or local governments. Foreign investment in federal debt has grown in recent
years, prompting questions on the location of the foreign holders and how much debt
they hold.
INCLUDES --
Table 2. The Top 10 Foreign Holders of Federal Debt, by Country
(Data current as of March 5, 2008)
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Congressional Research Service (CRS)
Order Code RS22331
Updated March 12, 2008
Foreign Holdings of Federal Debt
Justin Murray, Information Research Specialist, Knowledge Services Group
Marc Labonte, Specialist in Macroeconomics, Government and Finance Division
http://assets.opencrs.com/rpts/RS22331_20080312.pdf
[full-text, 6 pages]
Summary
This report presents current data on estimated ownership of United States Treasury
securities and major holders of federal debt by country. Federal debt represents the
accumulated balance of borrowing by the federal government. To finance federal
borrowing, United States Treasury securities are sold to investors. Treasury securities
may be purchased directly from the Treasury or on the secondary market by individual
private investors, financial institutions in the United States or overseas, and foreign,
state, or local governments. Foreign investment in federal debt has grown in recent
years, prompting questions on the location of the foreign holders and how much debt
they hold.
INCLUDES --
Table 2. The Top 10 Foreign Holders of Federal Debt, by Country
(Data current as of March 5, 2008)
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 1:54 PM
