Financial Accounts of the United States - Z.1
L.210 Treasury Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government; Treasury securities; liability | FL313161105 | 22557.5 | 23845 | 26226.6 | 23616.7 | 23845 | 24282 | 24772.4 | 25630.2 | 26226.6 | 1 |
| Federal government; Treasury bills; liability | FL313161110 | 3768 | 3696.2 | 5674.8 | 3643.7 | 3696.2 | 4067.5 | 4465.7 | 5259.3 | 5674.8 | 2 |
| Federal government; other marketable Treasury securities; liability (2) | FL313161275 | 18789.6 | 20148.8 | 20551.7 | 19973 | 20148.8 | 20214.5 | 20306.7 | 20370.8 | 20551.7 | 3 |
| All sectors; Treasury securities; asset | FL893061105 | 22935.6 | 21648.6 | 24413.4 | 21363.1 | 21648.6 | 22489.5 | 22641.5 | 22909.9 | 24413.4 | 4 |
| Households and nonprofit organizations; Treasury securities; asset | LM153061105 | 435.7 | 1461.6 | 2321.3 | 1051.5 | 1461.6 | 1922 | 2104.7 | 2229.5 | 2321.3 | 5 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 79.7 | 91.7 | 132 | 80.6 | 91.7 | 92.3 | 106.6 | 111.2 | 132 | 6 |
| Nonfinancial noncorporate business; total U.S. government securities; asset | LM113061003 | 71.3 | 71.9 | 73.4 | 70.9 | 71.9 | 72 | 72.8 | 73.5 | 73.4 | 7 |
| State and local governments; Treasury securities, excluding SLGS; asset | LM213061103 | 1331 | 1463.4 | 1588.8 | 1420.2 | 1463.4 | 1548.7 | 1548.3 | 1504.1 | 1588.8 | 8 |
| Monetary authority; total Treasury securities; asset | LM713061103 | 6052.1 | 5056.4 | 4415.7 | 5186.5 | 5056.4 | 4960.2 | 4702.9 | 4367.4 | 4415.7 | 9 |
| Monetary authority; Treasury bills; asset | LM713061113 | 325.9 | 286.4 | 213.9 | 307.4 | 286.4 | 277.9 | 266.1 | 236 | 213.9 | 10 |
| Monetary authority; other Treasury securities, excluding Treasury bills; asset | LM713061125 | 5726.1 | 4770 | 4201.8 | 4879.1 | 4770 | 4682.3 | 4436.8 | 4131.4 | 4201.8 | 11 |
| U.S.-chartered depository institutions; Treasury securities; asset | LM763061100 | 1472.3 | 1388.9 | 1329.2 | 1407.7 | 1388.9 | 1301 | 1235.2 | 1240.9 | 1329.2 | 12 |
| Foreign banking offices in the U.S.; Treasury securities; asset | LM753061103 | 86.9 | 89.5 | 93.5 | 92.5 | 89.5 | 92.3 | 98.8 | 90 | 93.5 | 13 |
| Banks in U.S.-affiliated areas; Treasury securities; asset | LM743061103 | 19.6 | 23.5 | 21.7 | 26.8 | 23.5 | 23 | 22.8 | 22.5 | 21.7 | 14 |
| Credit unions; Treasury securities; asset | LM473061105 | 62.6 | 78.4 | 76.1 | 79.1 | 78.4 | 76.7 | 77.5 | 75 | 76.1 | 15 |
| Property-casualty insurance companies; Treasury securities, including those held by U.S. residual market reinsurers; asset | LM513061105 | 187.9 | 212.9 | 283.8 | 182.9 | 212.9 | 223 | 226.5 | 254.8 | 283.8 | 16 |
| Property-casualty insurance companies; Treasury bills, including those held by U.S. residual market reinsurers; asset | LM513061115 | 54.3 | 68 | 115.6 | 50.3 | 68 | 72.5 | 74.6 | 100 | 115.6 | 17 |
| Property-casualty insurance companies; other Treasury securities, including those held by U.S. residual market reinsurers, excluding Treasury bills; asset | LM513061125 | 133.6 | 144.9 | 168.2 | 132.7 | 144.9 | 150.5 | 151.9 | 154.7 | 168.2 | 18 |
| Life insurance companies; Treasury securities; asset | LM543061105 | 237.1 | 183.1 | 193.4 | 188.8 | 183.1 | 187.6 | 190.1 | 185.1 | 193.4 | 19 |
| Life insurance companies; Treasury bills, including those held by U.S. captive reinsurers; asset | LM543061115 | 9.7 | 17.6 | 20.2 | 15.7 | 17.6 | 16.7 | 18.4 | 19.1 | 20.2 | 20 |
| Life insurance companies; other Treasury securities, including those held by U.S. captive reinsurers, excluding Treasury bills; asset | LM543061125 | 227.4 | 165.5 | 173.2 | 173.1 | 165.5 | 171 | 171.8 | 166 | 173.2 | 21 |
| Private pension funds; Treasury securities; asset | LM573061105 | 507.8 | 508.1 | 613.7 | 477.6 | 508.1 | 562.4 | 590.2 | 574.8 | 613.7 | 22 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 291.3 | 275.8 | 330.1 | 263.5 | 275.8 | 305.8 | 322.6 | 311.6 | 330.1 | 23 |
| Private defined contribution pension funds; Treasury securities; asset | LM573061133 | 216.5 | 232.2 | 283.6 | 214 | 232.2 | 256.6 | 267.6 | 263.2 | 283.6 | 24 |
| Federal government retirement funds; Treasury securities; asset | LM343061105 | 22.2 | 18 | 19.5 | 17.2 | 18 | 18.5 | 19.3 | 18.6 | 19.5 | 25 |
| Federal government defined benefit retirement funds; Treasury securities; asset | LM343061165 | 7.2 | 5.6 | 6.3 | 5.5 | 5.6 | 5.6 | 6.3 | 6.2 | 6.3 | 26 |
| Federal government defined contribution retirement funds; Treasury securities held by Thrift Savings Plan F Fund; asset | LM343061113 | 14.9 | 12.4 | 13.2 | 11.7 | 12.4 | 12.9 | 13 | 12.4 | 13.2 | 27 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 414.2 | 327.2 | 420.7 | 339.6 | 327.2 | 364.5 | 359.6 | 385.8 | 420.7 | 28 |
| Money market funds; Treasury securities; asset | FL633061105 | 1814.7 | 1064 | 2269.5 | 1256.1 | 1064 | 1040.8 | 1244 | 1767.1 | 2269.5 | 29 |
| Money market funds; Treasury bills; asset | FL633061110 | 1197.1 | 602 | 1866 | 767 | 602 | 665.2 | 888.5 | 1422.4 | 1866 | 30 |
| Money market funds; Other Treasury securities, excluding Treasury bills; asset | FL633061120 | 617.6 | 462 | 403.5 | 489.2 | 462 | 375.6 | 355.5 | 344.8 | 403.5 | 31 |
| Mutual funds; Treasury securities; asset (market value) | LM653061105 | 1594 | 1349.9 | 1387.7 | 1345.8 | 1349.9 | 1369.6 | 1346.8 | 1318.5 | 1387.7 | 32 |
| Mutual funds; Treasury bills; asset | LM653061113 | 57.4 | 12.7 | 12.6 | 22.2 | 12.7 | 15.8 | 12.6 | 12 | 12.6 | 33 |
| Mutual funds; other Treasury securities, excluding Treasury bills (includes all Treasury securities before 2010:Q4); asset | LM653061125 | 1536.6 | 1337.2 | 1375.2 | 1323.7 | 1337.2 | 1353.8 | 1334.2 | 1306.5 | 1375.2 | 34 |
| Closed-end funds; Treasury securities; asset | LM553061103 | 3.1 | 2.4 | 2.1 | 2.4 | 2.4 | 2.4 | 2.3 | 2.2 | 2.1 | 35 |
| Exchange-traded funds; Treasury securities; asset | LM563061103 | 332.1 | 400.6 | 501.6 | 381.5 | 400.6 | 451.6 | 460.6 | 469 | 501.6 | 36 |
| Government-sponsored enterprises; Treasury securities; asset | LM403061105 | 202.4 | 155.6 | 157.8 | 168.3 | 155.6 | 149.8 | 151.5 | 150.9 | 157.8 | 37 |
| Issuers of asset-backed securities; Treasury securities; asset | FL673061103 | 31.9 | 36.4 | 31.4 | 36.3 | 36.4 | 36.4 | 34.5 | 33.2 | 31.4 | 38 |
| Security brokers and dealers; Treasury securities (net); asset | LM663061105 | 99 | 170.7 | 269.2 | 127 | 170.7 | 265.9 | 257.9 | 248.1 | 269.2 | 39 |
| Holding companies; Treasury securities; asset | LM733061103 | 92.6 | 133.3 | 132.4 | 130.6 | 133.3 | 122.6 | 121.7 | 126.5 | 132.4 | 40 |
| Other financial business; Treasury securities held by central clearing parties; asset | FL503061123 | 45.5 | 42.8 | 61.1 | 41.5 | 42.8 | 48.2 | 59.1 | 55.7 | 61.1 | 41 |
| Rest of the world; Treasury securities; asset | LM263061105 | 7740.4 | 7318.5 | 8017.9 | 7251.5 | 7318.5 | 7558.1 | 7607.8 | 7605.4 | 8017.9 | 42 |
| Rest of the world; Treasury bills and certificates; asset | LM263061110 | 987.4 | 950 | 1082.7 | 919.6 | 950 | 962.6 | 949.6 | 1060.9 | 1082.7 | 43 |
| Rest of the world; other Treasury securities, excluding Treasury bills and certificates; asset | LM263061120 | 6753 | 6368.5 | 6935.3 | 6331.9 | 6368.5 | 6595.5 | 6658.2 | 6544.5 | 6935.3 | 44 |
| Instrument discrepancies; Treasury securities (level) (3) | LM903061103 | -378 | 2196.4 | 1813.2 | 2253.6 | 2196.4 | 1792.6 | 2130.8 | 2720.2 | 1813.2 | 45 |
| Federal government; total nonmarketable Treasury securities; liability (4) | FL313169205 | 2727.2 | 2986.6 | 3225.1 | 2852 | 2986.6 | 2673.6 | 2975.6 | 3018.9 | 3225.1 | 46 |
NOTES
- Marketable Treasury securities (net of premiums and discounts) issued by the federal government and held by sectors other than the federal government.
- Inlcudes long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank.
- The accumulated valuation difference between issuance and holdings.
- Nonmarketable Treasury securities are classified as other loans and advances because they are not negotiable and are therefore not considered debt securities.
Last Update: March 7, 2024