Description of table L.210 - Treasury Securities

U.S. Treasury securities are marketable debt securities issued by the Department of the Treasury, net of premiums and discounts. Marketable Treasury securities consist of Treasury bills (maturity of 1 year or less), Treasury notes (maturity of 2 to 10 years), Treasury bonds (maturity of 10 to 30 years), Treasury inflation-protected securities (TIPS), and mareketable Treasury securities issued by the Federal Financing Bank to federal goverenment retirement funds. Marketable Treasury securities are highly liquid and are heavily traded on the secondary market.U.S. Treasury securities exclude intergovernmental holdings of marketable securities except for those issued by the Federal Financing Bank to federal goverenment retirement funds beacuse those retuirement funds are treated as a separate sector in the Financial Accounts. Nonmarketable Treasury securities held by the public and by federal government retirement funds are excluded from the table because they are not negotiable and are therefore not classified as debt securities. Nonmarketable Treasury securities are instead classified as other loans and advances and are shown in the memo item.Data for total U.S. Treasury securitis outstanding are from the U.S. Department of the Treasury Monthly Treasury Statement and the Monthly Statement of the Public Debt. Data on holdings of Treasury securities by most sectors are compiled from available data. Net purchases by the household and nonprofit organizations sector are calculated residually from total issuance; however, all U.S. savings securities are assets of the household sector. Outstanding holdings are shown at market value for most sectors (prefixed with LM on the tables) while some sectors are shown at book value (prefixed with FL on the tables). The discrepancy series on the level table shows the accumulated valuation difference between issuance and holdings.



Print  Close