Board of Governors of the Federal Reserve System

Millions of dollars

Type of issue or issuer, or use		2023	2024	2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026	Mar 2026
1	All issues, new and refunding 1	1,445,909	2,118,760	2,599,911	180,730	308,544	246,897	270,390	127,621	241,637	333,796	340,271
2	Bonds 2	1,392,684	1,968,137	2,418,093	171,796	291,881	228,843	251,981	96,950	228,603	315,030	320,536
	By type of offering
3	Sold in the United States	1,371,736	1,944,845	2,356,339	168,441	282,691	224,562	244,603	93,897	222,804	296,783	311,940
4	Sold abroad	20,948	23,292	61,754	3,354	9,190	4,281	7,378	3,053	5,799	18,247	8,596
	MEMO
5	Private placements, domestic	75,335	99,048	94,524	2,095	10,406	3,867	4,991	8,064	123	3,205	180
	By industry group
6	Nonfinancial	635,167	847,379	1,030,465	77,704	147,659	82,995	132,168	39,062	68,314	193,491	186,468
7	Financial	757,517	1,120,758	1,387,628	94,091	144,222	145,848	119,813	57,888	160,288	121,540	134,068
8	Stocks 3	64,068	152,169	197,048	8,945	16,698	18,069	27,056	34,517	13,053	23,578	21,899
	By industry group
9	Nonfinancial	44,563	94,573	119,771	5,921	10,617	10,516	22,395	24,638	7,508	12,721	16,316
10	Financial	19,506	57,596	77,277	3,025	6,080	7,553	4,661	9,880	5,545	10,856	5,583

1. Figures represent gross proceeds of issues maturing in more than one year; they are the principal amount or number of units calculated by multiplying by the offering price. Figures exclude secondary offerings, employee stock plans, investment companies other than closed-end, intracorporate transactions, Yankee bonds, and private placements listed. Stock data include ownership securities issued by limited partnerships.  Return to table
2. Monthly data include 144(a) offerings.  Return to table
3. Monthly data include public offerings.  Return to table