Financial Accounts of the United States - Z.1
F.208 Debt Securities (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2014 | 2015 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1327.9 | 1223.3 | 1546.5 | 1494.3 | 489.6 | 1463.2 | 2945.8 | 1078.6 | 3226.1 | 1 |
| All sectors; open market paper; liability | FA893169175 | -21.2 | 11.1 | -56.6 | 81.1 | 41.7 | -52.1 | 268.1 | 66.6 | 152.8 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 736 | 724.4 | 842.8 | 447 | -412.7 | 577.1 | 1655.8 | -32 | 2517.6 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 150.2 | 220.6 | 351.6 | 346.6 | 245.7 | 388 | 327.3 | 425.5 | 73.2 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | -46.6 | 14 | 42.5 | 10.6 | -107.1 | -9.7 | -30.4 | 189.6 | -139.8 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 509.6 | 253.1 | 366.2 | 609 | 721.9 | 559.9 | 725 | 429 | 622.4 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1327.9 | 1223.3 | 1546.5 | 1494.3 | 489.6 | 1463.2 | 2945.8 | 1078.6 | 3226.1 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1012.2 | 1135.2 | 1165.1 | 747.6 | -71.1 | 821.5 | 2031.6 | 208.5 | 2655.7 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -6.9 | -8.1 | -3.4 | 1.6 | -0.5 | 12.6 | -12.3 | 6.5 | 7.3 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 322.2 | 409.8 | 295.1 | 303.1 | 446.7 | 268.8 | 393.5 | 103.6 | 260.9 | 10 |
| Federal government; debt securities; liability | FA314122005 | 735.9 | 724.6 | 842.7 | 447 | -413.7 | 577.7 | 1655.7 | -31.9 | 2518.6 | 11 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | -39 | 8.9 | 30.7 | -4.1 | -103.7 | -37.7 | -5.3 | 130.3 | -131.1 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 152.8 | 119.4 | 358.1 | 396.2 | 233.5 | 504.4 | 516.3 | 330.6 | 79.8 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -17.2 | -9.3 | -21.4 | -13 | -12.1 | -18.2 | 11.2 | -32.9 | -5.4 | 14 |
| Foreign banking offices in the U.S.; bankers' acceptances; liability | FA753169603 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 75.3 | 93.5 | 194.2 | 153.1 | 28.2 | 198.4 | 153.1 | 232.7 | -122.4 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 75 | 126.9 | 157.5 | 193.6 | 218.5 | 188.9 | 174.3 | 192.7 | 194.5 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -58 | -51.1 | -96.7 | -40 | -98.5 | 10.6 | -63.3 | -8.8 | -53.2 | 18 |
| Finance companies; debt securities; liability | FA614122005 | 2 | -16 | -67.1 | -49.9 | -100.3 | -50.1 | 13 | -62.2 | 29.4 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 46.9 | -7.8 | 21.8 | 21.3 | 19.6 | 13 | 12.8 | 39.6 | 26.5 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 11.5 | 7.4 | -2.2 | 54.9 | 2.3 | 144.4 | 38.8 | 34.2 | 8.9 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -8.3 | -88 | 134.2 | 125.3 | 143.9 | 207.8 | 193 | -43.8 | -52.1 | 22 |
| Funding corporations; debt securities; liability | FA504122005 | 25.8 | 63.7 | 37.9 | -49 | 31.9 | -190.4 | -16.6 | -21 | 53.7 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 162.8 | -31.3 | 23.3 | 350.5 | 327.2 | 137.3 | 397.9 | 539.5 | 490.5 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1327.9 | 1223.3 | 1546.5 | 1494.3 | 489.6 | 1463.2 | 2945.8 | 1078.6 | 3226.1 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -137.3 | 222.8 | 24.4 | -16 | -626.6 | 156.5 | -82.7 | 488.9 | 463.1 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -164 | 233 | -58.7 | -109.8 | -685.8 | 156.9 | -175.1 | 264.5 | 411.9 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 39.7 | -4.1 | -9.2 | 34 | 39.1 | 60.1 | 1.8 | 34.9 | 35.9 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 1.7 | 4.3 | 4.2 | 3.8 | 2.7 | 3.7 | 2.9 | 6 | 3.7 | 29 |
| Federal government; debt securities; asset | FA314022005 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -14.7 | -10.5 | 88.2 | 56.1 | 17.4 | -64.2 | 87.7 | 183.4 | 11.6 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 931.6 | 593.9 | 1173 | 833.4 | 732.9 | 89.2 | 1994.3 | 517.2 | 2288.5 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 480.7 | 5.1 | -20.8 | 2.3 | 102.6 | -13.5 | -12.5 | -67.2 | -159.3 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 241.5 | 214.4 | 276.4 | 110.4 | 243.8 | -48.2 | 171.9 | 74.1 | -30.4 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -14.5 | -9 | 10.7 | 27.3 | -39.2 | 15.4 | -40.8 | 173.8 | -41.2 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | -1.2 | 0.8 | 1.2 | 1.7 | 3.6 | 0.9 | -3.1 | 5.6 | 4.5 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -9 | -2.8 | -17.3 | 10.4 | 61.1 | -9.2 | -11.3 | 0.9 | -8 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 13.7 | 20.4 | 41.7 | 31.5 | -17.4 | 25.2 | 32 | 86.3 | 0.1 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 79.1 | 84.9 | 141.8 | 76.9 | 117.4 | 43.6 | 86 | 60.5 | 138.5 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 95.5 | -14.1 | 49.1 | 60 | 72 | 15 | 57.7 | 95.2 | 42 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 86.7 | 93.1 | 100.9 | -84.1 | -443.8 | -364.4 | 1032.1 | -560.3 | 805 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.1 | -0.6 | 27 | 87.8 | 75.4 | 83.5 | 71.5 | 120.8 | 87.8 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -124.2 | 72.2 | 164.3 | -63.6 | -226.7 | -147.8 | 103.9 | 16.2 | 698.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 93.1 | 116.7 | 246.6 | 374.1 | 396.5 | 407.5 | 372 | 320.5 | 378.7 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.6 | 0.5 | 1.5 | 1.1 | 2.4 | 0.9 | -0.2 | 1.3 | -0 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 51.6 | 55.3 | 83.9 | 121.9 | 140 | 132.8 | 128.3 | 86.4 | 63.8 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -18.9 | -25.3 | -4.2 | -38.9 | -23.5 | -37 | -66.5 | -28.5 | 15 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 5.5 | 0.9 | -8.3 | -8.3 | -18.2 | -15.1 | -3.3 | 3.3 | 5.4 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 4.6 | 2.2 | 9.9 | -10.6 | -13 | -12.3 | -15 | -2.3 | -0.3 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 7.7 | -44.7 | -26.4 | 52.4 | 36.8 | 20.9 | 109.2 | 42.6 | -27.2 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -89.2 | -36.7 | 5 | 31.9 | 120.2 | 123.4 | -184.7 | 68.5 | 101.1 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | -0.2 | -20.6 | 3.5 | 14.9 | 13.6 | 67.1 | -52.6 | 31.6 | 48.6 | 52 |
| Funding corporations; debt securities; asset | FA504022005 | -27.5 | 81.3 | 86.6 | 34.3 | 129.1 | -199.4 | 219.7 | -12 | 166 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 533.6 | 406.6 | 349.1 | 676.9 | 383.4 | 1217.4 | 1034.2 | 72.5 | 474.5 | 54 |
NOTES
- Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: June 7, 2018