Treasury International Capital · France
How much US debt does France hold?
On , France held $348.4 billion of US Treasury securities, down $41.5 billion from June 2026, ninth among the holders Treasury lists by country.
Last updated . This page normally updates every month; the latest update is late.
France's holdings of US Treasury securities at each month-end
France's holdings at the end of July 2026 against earlier months
Each point is one month-end; pointing at the chart shows its date and holdings. Every month is under "The numbers behind the chart".
Select a line to followLatest:
- Share of all foreign holdings3.8%
Inspect and compare dates
The latest month-end beside the month before it and the nearest month-ends one, five and ten years earlier.
| Measure | Latest | The month before | A year earlier | Five years earlier | Ten years earlier |
|---|---|---|---|---|---|
| Month | |||||
| Holdings, $ billion | 348.4 | 389.9 | 391.0 | 235.9 | 61.6 |
The table scrolls sideways; the first column stays in place.
Observed .
Right now
France held $348.4 billion at the end of July 2026, $46.7 billion less than at its peak in February 2026.
Its holdings were down $41.5 billion from June 2026 and down $42.6 billion from July 2025, 3.8% of all foreign holdings.
Highest and lowest
Its highest month-end was February 2026, at $395.1 billion; its lowest May 2008, at $0.0 billion.
Understanding these holdings
Where it stands today
France held $348.4 billion at the end of July 2026, 3.8% of all foreign holdings.
Where do these numbers come from?
Treasury's TIC system reports holdings of US Treasury bills, notes and bonds by residents of each country at the end of each month.
Read more
Treasury revises earlier months each year after its annual survey; this page shows the figures as Treasury publishes them now.
What these figures cannot tell
- Holdings are attributed to the country of the holder or of its custodian, so a country's figure can include securities that residents of other countries own.
The numbers behind the chart
What did France hold at each month-end?France's holdings, newest first
| Month | Holdings |
|---|---|
| 348.4 | |
| 389.9 | |
| 393.1 | |
| 393.3 | |
| 393.0 | |
| 395.1 | |
| 380.5 | |
| 368.9 | |
| 376.1 | |
| 390.2 | |
| 375.5 | |
| 389.1 |
Show 293 more rows
| Month | Holdings |
|---|---|
| 391.0 | |
| 373.8 | |
| 375.1 | |
| 360.6 | |
| 363.1 | |
| 354.1 | |
| 335.4 | |
| 332.3 | |
| 332.5 | |
| 330.2 | |
| 329.0 | |
| 312.5 | |
| 291.2 | |
| 305.4 | |
| 283.1 | |
| 276.7 | |
| 271.9 | |
| 271.0 | |
| 256.4 | |
| 236.7 | |
| 244.7 | |
| 222.5 | |
| 215.7 | |
| 217.4 | |
| 219.3 | |
| 207.8 | |
| 202.0 | |
| 187.3 | |
| 173.9 | |
| 171.2 | |
| 178.4 | |
| 180.3 | |
| 194.7 | |
| 217.4 | |
| 206.7 | |
| 232.7 | |
| 231.8 | |
| 236.3 | |
| 242.5 | |
| 242.9 | |
| 246.0 | |
| 238.7 | |
| 232.9 | |
| 223.9 | |
| 227.3 | |
| 239.7 | |
| 242.0 | |
| 238.1 | |
| 235.9 | |
| 226.7 | |
| 108.8 | |
| 107.2 | |
| 114.4 | |
| 108.7 | |
| 121.5 | |
| 111.3 | |
| 132.4 | |
| 136.9 | |
| 135.1 | |
| 133.3 | |
| 130.0 | |
| 144.1 | |
| 130.5 | |
| 137.7 | |
| 156.0 | |
| 147.6 | |
| 134.0 | |
| 127.7 | |
| 123.0 | |
| 133.4 | |
| 132.2 | |
| 134.0 | |
| 136.4 | |
| 131.5 | |
| 125.1 | |
| 124.7 | |
| 109.6 | |
| 115.9 | |
| 112.5 | |
| 110.8 | |
| 131.6 | |
| 109.4 | |
| 97.7 | |
| 113.6 | |
| 111.0 | |
| 93.4 | |
| 89.6 | |
| 82.6 | |
| 80.9 | |
| 77.0 | |
| 78.4 | |
| 80.9 | |
| 76.6 | |
| 77.9 | |
| 78.2 | |
| 76.0 | |
| 80.0 | |
| 72.2 | |
| 74.4 | |
| 66.9 | |
| 69.9 | |
| 64.4 | |
| 60.8 | |
| 61.4 | |
| 68.4 | |
| 61.4 | |
| 69.5 | |
| 68.2 | |
| 61.6 | |
| 51.6 | |
| 57.8 | |
| 54.5 | |
| 67.0 | |
| 76.6 | |
| 56.7 | |
| 59.6 | |
| 56.9 | |
| 49.7 | |
| 49.8 | |
| 56.2 | |
| 49.3 | |
| 53.8 | |
| 51.1 | |
| 74.9 | |
| 80.4 | |
| 70.2 | |
| 75.5 | |
| 79.2 | |
| 67.3 | |
| 59.7 | |
| 72.3 | |
| 59.0 | |
| 54.8 | |
| 63.1 | |
| 65.4 | |
| 62.3 | |
| 57.1 | |
| 54.9 | |
| 57.5 | |
| 53.8 | |
| 51.6 | |
| 57.7 | |
| 54.5 | |
| 51.9 | |
| 49.8 | |
| 51.8 | |
| 60.2 | |
| 50.6 | |
| 56.4 | |
| 53.1 | |
| 52.2 | |
| 51.4 | |
| 59.0 | |
| 58.7 | |
| 59.3 | |
| 52.9 | |
| 55.2 | |
| 49.1 | |
| 50.6 | |
| 49.8 | |
| 45.9 | |
| 39.7 | |
| 42.5 | |
| 44.7 | |
| 59.4 | |
| 53.7 | |
| 43.4 | |
| 60.9 | |
| 45.6 | |
| 45.4 | |
| 37.2 | |
| 24.8 | |
| 21.1 | |
| 30.0 | |
| 30.0 | |
| 15.0 | |
| 20.1 | |
| 23.5 | |
| 23.3 | |
| 26.1 | |
| 19.8 | |
| 24.2 | |
| 37.9 | |
| 40.6 | |
| 39.8 | |
| 32.8 | |
| 36.3 | |
| 30.5 | |
| 40.4 | |
| 29.1 | |
| 25.0 | |
| 28.0 | |
| 17.5 | |
| 18.9 | |
| 25.9 | |
| 30.6 | |
| 27.1 | |
| 16.8 | |
| 17.9 | |
| 16.8 | |
| 18.4 | |
| 20.5 | |
| 19.3 | |
| 21.2 | |
| 17.1 | |
| 15.4 | |
| 0.0 | |
| 0.0 | |
| 1.5 | |
| 3.9 | |
| 4.3 | |
| 26.4 | |
| 30.4 | |
| 26.7 | |
| 17.6 | |
| 23.6 | |
| 22.3 | |
| 25.9 | |
| 30.7 | |
| 30.1 | |
| 34.7 | |
| 34.9 | |
| 32.0 | |
| 30.9 | |
| 31.3 | |
| 30.0 | |
| 28.5 | |
| 28.5 | |
| 26.4 | |
| 23.2 | |
| 28.2 | |
| 22.4 | |
| 25.2 | |
| 27.3 | |
| 21.3 | |
| 20.1 | |
| 19.5 | |
| 19.8 | |
| 22.1 | |
| 22.2 | |
| 23.8 | |
| 23.1 | |
| 11.1 | |
| 12.2 | |
| 16.4 | |
| 12.2 | |
| 15.9 | |
| 17.2 | |
| 20.4 | |
| 19.9 | |
| 19.5 | |
| 18.7 | |
| 19.5 | |
| 22.5 | |
| 15.5 | |
| 17.2 | |
| 17.6 | |
| 18.4 | |
| 20.2 | |
| 22.9 | |
| 23.0 | |
| 21.0 | |
| 23.0 | |
| 23.0 | |
| 22.7 | |
| 23.3 | |
| 16.7 | |
| 15.5 | |
| 14.8 | |
| 17.7 | |
| 17.7 | |
| 20.6 | |
| 22.6 | |
| 24.3 | |
| 24.0 | |
| 25.5 | |
| 24.4 | |
| 26.0 | |
| 22.6 | |
| 21.8 | |
| 24.7 | |
| 23.4 | |
| 22.0 | |
| 25.1 | |
| 25.6 | |
| 27.6 | |
| 27.4 | |
| 28.5 | |
| 27.6 | |
| 28.1 | |
| 26.8 | |
| 30.0 | |
| 33.6 |
How do the latest holdings compare with earlier months?The holdings and the change since
| Compared with | Holdings | Change since |
|---|---|---|
| June 2026 | 389.9 | −41.5 |
| July 2025 | 391.0 | −42.6 |
| Highest, February 2026 | 395.1 | −46.7 |
| Lowest, May 2008 | 0.0 | +348.4 |
Which other countries does Treasury list?19 countries
When are the figures from?
Observed .
Page updated