1. Value of foreign-owned U.S. long-term securities and share of the total outstanding, by asset class, as of survey dates
(based on an August 2004 U.S. Treasury report)
			Billions of dollars
	1974	1978	1984	1989	1994	2000	2003	CAG
	(Dec)	(Dec)	(Dec)	(Dec)	(Dec)	(Mar)	(June)	'94-'03
Equity
Total outstanding	663	1,024	2,131	4,638	7,767	24,703	17,941	10%
Foreign-owned	25	48	105	275	398	1,709	1,564	16%
Percent foreign-owned	4%	5%	5%	6%	5%	7%	9%
Corporate and other debt
Total outstanding	464	715	1,305	2,599	3,556	5,713	7,852	9%
Foreign-owned	0	7	32	191	276	703	1,236	18%
Percent foreign-owned	0%	1%	2%	7%	8%	12%	16%	8%
Marketable U.S. Treasury
Total outstanding	163	326	873	1,515	2,392	2,508	2,451	0%
Foreign-owned	24	39	118	333	464	884	1,116	10%
Percent foreign-owned	15%	12%	14%	22%	19%	35%	46%
U.S. government agency
Total outstanding	102	180	507	1,167	1,982	3,575	5,199	11%
Foreign-owned	0	5	13	48	107	261	586	21%
Percent foreign-owned	0%	3%	3%	4%	5%	7%	11%
Total U.S. long-term securities
Total outstanding	1,392	2,245	4,816	9,919	15,697	36,499	33,443	9%
Foreign-owned	49	99	268	847	1,245	3,557	4,502	15%
Percent foreign-owned	4%	4%	6%	9%	8%	10%	13%
	Source: Annex Research
	(based on U.S. Treasury data)