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 | 2015 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1257.4 | 1551.4 | 1481.5 | 962.4 | 1496.6 | 2829.8 | 637.2 | 3736.6 | 1578.8 | 1 |
| All sectors; open market paper; liability | FA893169175 | 11.1 | -56.6 | 81.1 | 25.8 | -55.2 | 312.3 | 41.4 | 141.2 | 22 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 724.4 | 842.8 | 447 | -164 | 655.9 | 1636.1 | -339.8 | 2827.3 | 1190.6 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 220.6 | 351.6 | 346.6 | 428 | 274.5 | 341.2 | 342.8 | 266.6 | 235.5 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 14.8 | 43.1 | 11.9 | -67.4 | 4.8 | -51.6 | 162 | -93.9 | -14.2 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 286.4 | 370.5 | 594.8 | 740.1 | 616.6 | 591.8 | 430.8 | 595.3 | 144.9 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1257.4 | 1551.4 | 1481.5 | 962.4 | 1496.6 | 2829.8 | 637.2 | 3736.6 | 1578.8 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1151.9 | 1158 | 747.8 | 215.2 | 915.9 | 1986.9 | -126.9 | 3011.3 | 1164.1 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -7.9 | -3.4 | 2.2 | -0.7 | 14.8 | -12.9 | 7.5 | 7.3 | -1.4 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 425.9 | 287.6 | 302.3 | 448.7 | 273.7 | 386.1 | 100.8 | 266.1 | -8.5 | 10 |
| Federal government; debt securities; liability | FA314122005 | 724.6 | 842.7 | 447 | -164.9 | 656.5 | 1636 | -339.7 | 2828.3 | 1186 | 11 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 9.3 | 31.1 | -3.7 | -67.9 | -29.1 | -22.3 | 104.5 | -90.4 | -12 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 136.8 | 387.6 | 359.1 | 392.9 | 374.7 | 437.3 | 231.5 | 326.1 | 315.1 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -9.3 | -21.4 | -13 | -12.1 | -18.2 | 11.2 | -32.9 | -5.4 | 13.6 | 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 | 93.5 | 194.2 | 153.1 | 218.7 | 85.8 | 153.6 | 154.4 | 80.1 | 79.6 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 126.9 | 157.5 | 193.6 | 210.2 | 188.1 | 187.7 | 188.3 | 185.4 | 160.5 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -51.1 | -98.3 | -46.4 | -120.9 | 20.5 | -51.5 | -33.8 | -52.9 | 34.2 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -16 | -67.1 | -49.9 | -101.7 | -47.2 | 25.3 | -75.9 | -1.2 | 54 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | -7.8 | 21.8 | 21.4 | 19.6 | -3.9 | 13.3 | 56.7 | 32 | -7.7 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 7.4 | -2.2 | 56.5 | 2.3 | 144.4 | 38.8 | 40.6 | -40.3 | -33 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -49.1 | 165.2 | 94.4 | 147.9 | 190.1 | 83.3 | -43.8 | -52.1 | -69.6 | 22 |
| Funding corporations; debt securities; liability | FA504122005 | 42.2 | 37.9 | -50.7 | 28.9 | -185 | -24.4 | -22.1 | 180.5 | 83.6 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | -31.3 | 5.8 | 374.6 | 354.4 | 205.9 | 405.7 | 532.6 | 399.2 | 99.6 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1257.4 | 1551.4 | 1481.5 | 962.4 | 1496.6 | 2829.8 | 637.2 | 3736.6 | 1578.8 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 254.8 | 27.6 | 60.9 | 55.6 | 282.5 | -311.9 | 217.5 | 715.3 | 806.7 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 265.4 | -22.8 | 31.7 | 13.2 | 307.8 | -272 | 78.1 | 822 | 764.3 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -4.1 | -9.2 | 42.8 | 59.2 | 60 | -4.6 | 56.7 | 3.4 | 83.6 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 5 | 6.7 | 5.8 | 4 | 6 | 4.6 | 8.7 | 5 | 7.2 | 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 | -11.5 | 52.9 | -19.5 | -20.7 | -91.3 | -39.9 | 74.1 | -115.1 | -48.4 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 596 | 1182.1 | 770.4 | 538.4 | 59.2 | 2114.7 | 369.4 | 2460.3 | 433.5 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 5.1 | -20.8 | 2.3 | 102.6 | -13.5 | -12.5 | -67.2 | -159.3 | -326.9 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 214.4 | 276.4 | 110.4 | 253 | -33.3 | 160.2 | 61.6 | -20.3 | 30.7 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -9 | 10.7 | 27.3 | -39.2 | 15.4 | -40.8 | 173.8 | -41.2 | 30.3 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 0.8 | 1.2 | 1.7 | 3.6 | 0.9 | -3.1 | 5.6 | 4.5 | 2.1 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -2.8 | -2.4 | -4.6 | 3.5 | -6.3 | -13.6 | -1.8 | -19 | -4.3 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 22.4 | 45.4 | 33 | -16.3 | 26.7 | 33.5 | 88.2 | 0.1 | 20.3 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 98.3 | 135.7 | 70 | 100.1 | 33 | 82.7 | 64.1 | 110.7 | 66.5 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | -12 | 42.4 | 57.9 | 64.9 | 23.7 | 56.3 | 86.6 | 102.2 | 135 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 93.1 | 100.9 | -83.2 | -442.7 | -359.7 | 1042.3 | -572.9 | 807.5 | 99.3 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 4.3 | 3.3 | 77.6 | 45.7 | 37.3 | 91.7 | 135.6 | 190.2 | 193.7 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 51.9 | 166.3 | -68.1 | -233.5 | -166.8 | 117.9 | 10.2 | 741 | -175.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 116.7 | 246.6 | 383.6 | 399.9 | 430.9 | 364.8 | 338.7 | 658.4 | 200.6 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.5 | 1.5 | 1.1 | 2.4 | 0.9 | -0.2 | 1.3 | -0 | 5.5 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 55.3 | 83.9 | 121.9 | 140 | 132.8 | 128.3 | 86.4 | 63.8 | 123.1 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -25.3 | -4.2 | -38.9 | -23.5 | -37 | -66.5 | -28.5 | 15 | 18 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 0.9 | -8.3 | -8.3 | -18.2 | -15.1 | -3.3 | 3.3 | 5.4 | 4.2 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 2.2 | 9.9 | -10.6 | -13 | -12.3 | -15 | -2.3 | 3.9 | -4.1 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | -44.7 | -26.4 | 52.5 | 36.8 | 21.5 | 109.5 | 42.4 | -27.1 | -53.8 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -36.7 | 5 | 0.5 | 68 | 70.1 | -155.6 | 19.6 | -141.5 | 92.4 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | -6.1 | 3.4 | 14.9 | 12.8 | 67.9 | -52.6 | 31.5 | 48.6 | 18 | 52 |
| Funding corporations; debt securities; asset | FA504022005 | 66.8 | 111.6 | 29.4 | 91.6 | -157.8 | 290.7 | -106.8 | 117.5 | -41.8 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 406.5 | 341.7 | 650.1 | 368.4 | 1154.9 | 1027 | 50.2 | 560.9 | 338.6 | 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: September 20, 2018