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Rediff.com  » Business » This is what America owes India, others!

This is what America owes India, others!

Last updated on: July 22, 2011 08:30 IST

Image: US national debt is owned mostly in the US.
Photographs: Uttam Ghosh/Rediff.com
With the United States government deadlocked in talks with the opposition over raising the debt ceiling; it is time to take a look at the US debt issue.

Like all governments, the United States borrows hard cash through treasury bonds. It issues government securities that other countries and institutions buy.

The US national debt -- almost $14.35 trillion -- is owned mostly in the United States, and the $4.5 trillion foreign-owned debt is owned predominantly by Asian economies, according to Guardian and Business Insider.

First let us take a look how much debt America owes to India.

Source: US Treasury, US Federal Reserve

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This is what America owes India, others!

Image: India owns $42 billion worth of US debt.

India

In April 2011: $42 billion

In January 2011: $41 billion

In June 2010: $35 billion

Change: +18.9 per cent

Click NEXT to see who holds how much of US Treasury bonds...

This is what America owes India, others!

Image: Social security trust fund owns 19 per cent of the debt.

Social security trust fund

Total holdings of US Treasuries: $2.67 trillion

Percentage of US debt that they own: 19

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This is what America owes India, others!

Image: The Fed owns 11 per cent.

The Federal Reserve

The Treasury owes the Fed $1.63 trillion in Treasuries, much of which were bought for the Quantitative Easing programmes.

That is 11.3 per cent of US debt, much more than China.

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This is what America owes India, others!

Image: China owns 8 per cent.

China

Total holdings of Treasuries: $1.16 trillion

Percentage of US debt that they own: 8

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This is what America owes India, others!

Image: US households own 6.6 per cent.

US households

Total holdings of US Treasuries: $959.4 billion

Percentage of US debt that they own: 6.6

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This is what America owes India, others!

Image: Japan owns 6.4 per cent.

Japan

Total holdings of Treasuries: $912.4 billion

Percentage of US debt that they own: 6.4

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This is what America owes India, others!

Image: State and local governments own 3.5 per cent.

State and local governments

Total holdings of US Treasuries: $506.1 billion

Percentage of US debt that they own: 3.5

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This is what America owes India, others!

Image: Private pension funds own 3.5 per cent.

Private pension funds

Total holdings of US Treasuries: $504.7 billion

Percentage of US debt that they own: 3.5

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This is what America owes India, others!

Image: The United Kingdom owns 2.4 per cent.

United Kingdom

Total holdings of Treasuries: $346.5 billion

Percentage of US debt that they own: 2.4

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This is what America owes India, others!

Image: Money market mutual funds own 2.4 per cent.

Money market mutual funds

Total holdings of US Treasuries: $337.7 billion

Percentage of US debt that they own: 2.4

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This is what America owes India, others!

Image: Retirement funds own 2.2 per cent.

State, local and federal retirement funds

Total holdings of US Treasuries: $320.9 billion

Percentage of US debt that they own: 2.2

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This is what America owes India, others!

Image: Commercial banks own 2.1 per cent.

Commercial banks

Total holdings of US Treasuries: $301.8 billion

Percentage of US debt that they own: 2.1

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This is what America owes India, others!

Image: Mutual funds own 2 per cent.

Mutual funds

Total holdings of US Treasuries: $300.5 billion

Percentage of US debt that they own: 2

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This is what America owes India, others!

Image: Oil exporting countries own 1.6 per cent.

Oil exporting countries

Total holdings of Treasuries: $229.8 billion

Percentage of US debt that they own: 1.6

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This is what America owes India, others!

Image: Brazil owns 1.5 per cent.

Brazil

Total holdings of Treasuries: $211.4 billion

Percentage of US debt that they own: 1.5


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This is what America owes India, others!

Image: Taiwan owns 1.1 per cent.

Taiwan

Total holdings of US Treasuries: $153.4 billion

Percentage of US debt that they own: 1.1

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This is what America owes India, others!

Image: Caribbean banking centres own one per cent.

Caribbean banking centres

Total holdings of US Treasuries: $148.3 billion

Percentage of US debt that they own: 1