OTHER NEWS - July 3, 1992

U.S. Remains World’s Largest Debtor: The nation solidified its position last year as higher U.S. stock and bond prices raised the value of foreigners’ holdings in America, the government said. The debt reflects the difference between what foreigners own in the United States and what Americans own overseas. Britain remained the largest owner of direct assets in the United States in 1991 with holdings of $106.06 billion. Japan was second, with holdings of $86.66 billion. In the early 1980s, the United States was the world’s largest creditor nation, a position now held by Japan.