3. Foreign holdings of U.S. long-term securities, by economic sector, as of June 30, 2003 (Top 10 highlights)
        2003    
        (June)    
Industry      Total % of Tot Equity Debt
        Millions of dollars  
Government     1,739,196 39% 20,671 1,718,525
Financial Services (incl. banks)   762,067 17% 312,265 449,802
Computers & Software     186,955 4% 127,575 59,380
Pharmaceuticals     155,330 3% 141,008 14,322
Media     127,784 3% 88,034 39,750
Insurance     83,683 2% 62,735 20,948
Food     73,593 2% 48,083 25,510
Health Care     71,506 2% 59,716 11,790
Oil & Gas     79,789 2% 60,247 19,542
Auto     60,304 1% 14,009 46,295
Sub-total (Top 10)     3,340,207 74% 934,343 2,405,864
          60%  82%
Total     4,503,148 100% 1,564,386 2,938,762
  Source: Annex Research        
  (based on U.S. Treasury data)