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 | 2016 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1559.0 | 1486.8 | 1955.1 | 3776.6 | 1529.5 | 1699.1 | 815.3 | 1678.5 | 1279.7 | 1 |
| All sectors; open market paper; liability | FA893169175 | -56.6 | 81.1 | 30.0 | 164.9 | 29.5 | 56.4 | -130.6 | 146.3 | 20.1 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 842.8 | 447.0 | 1411.2 | 2978.5 | 978.8 | 1040.3 | 647.4 | 892.4 | 376.6 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 351.6 | 346.9 | 245.5 | 183.5 | 240.7 | 240.6 | 317.1 | 283.3 | 363.0 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 45.6 | 13.6 | -59.1 | -101.3 | -20.6 | -70.7 | -43.6 | -22.7 | -84.7 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 375.8 | 598.2 | 327.4 | 551.1 | 301.1 | 432.5 | 25.1 | 379.3 | 604.7 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1559.0 | 1486.8 | 1955.1 | 3776.6 | 1529.5 | 1699.1 | 815.3 | 1678.5 | 1279.7 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1158.5 | 764.5 | 1476.8 | 3197.4 | 1005.6 | 1131.1 | 573.2 | 1310.5 | 542.4 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -3.0 | 1.8 | -2.3 | 6.1 | -1.0 | -12.1 | -1.9 | -4.1 | -3.6 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 286.8 | 317.8 | 121.8 | 312.4 | 44.6 | 153.0 | -22.7 | 461.9 | 247.9 | 10 |
| Federal government; debt securities; liability | FA314122005 | 842.7 | 447.0 | 1409.8 | 2979.5 | 974.2 | 1037.5 | 647.8 | 889.5 | 375.8 | 11 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 32.1 | -2.1 | -52.5 | -100.6 | -12.2 | -47.3 | -49.9 | -36.8 | -77.8 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 394.7 | 338.1 | 357.0 | 233.2 | 409.8 | 408.4 | 376.8 | 461.7 | 482.9 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -24.0 | -54.3 | 24.2 | 79.0 | 33.7 | 32.6 | -48.3 | -47.5 | -21.2 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 6.4 | -11.1 | 2.7 | 19.7 | 5.8 | -15.7 | 1.1 | -11.5 | 2.9 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 194.2 | 153.1 | 81.1 | 19.8 | 84.7 | 86.0 | 133.8 | 171.4 | 255.1 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 157.5 | 193.8 | 165.9 | 162.7 | 160.6 | 157.4 | 182.7 | 114.8 | 108.7 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -95.0 | -47.9 | 12.2 | -36.7 | 62.6 | 25.4 | -2.3 | 47.2 | -40.3 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -67.1 | -51.2 | 44.1 | 1.5 | 79.5 | 98.6 | -3.4 | -71.3 | -65.0 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 21.8 | 21.6 | 30.8 | 6.9 | -6.0 | 36.4 | 85.8 | 49.7 | 71.5 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -2.2 | 56.5 | -1.7 | -40.3 | -33.0 | 34.2 | 32.4 | -8.5 | 95.9 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 165.2 | 94.4 | -46.9 | -54.2 | -69.7 | -27.0 | -36.9 | 158.0 | 136.9 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 37.9 | -16.9 | 44.7 | 75.0 | 91.6 | -19.5 | 31.7 | 59.4 | -61.5 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 5.8 | 384.2 | 121.2 | 345.9 | 114.2 | 159.6 | -134.7 | -93.7 | 254.3 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1559.0 | 1486.8 | 1955.1 | 3776.6 | 1529.5 | 1699.1 | 815.3 | 1678.5 | 1279.7 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 37.1 | -33.2 | 705.9 | 575.0 | 690.9 | 755.4 | 802.4 | 752.8 | 496.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 7.1 | -19.6 | 785.9 | 785.1 | 660.0 | 777.2 | 921.3 | 749.6 | 543.2 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -4.1 | 28.8 | 5.7 | -8.7 | -51.8 | -28.2 | 111.4 | 2.3 | 49.3 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 1.9 | 5.2 | 6.5 | 4.8 | 7.6 | 3.7 | 10.0 | 5.8 | 5.0 | 29 |
| Federal government; debt securities; asset | FA314022005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 30 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | 32.2 | -47.6 | -92.1 | -206.2 | 75.2 | 2.7 | -240.2 | -4.8 | -101.1 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 1180.3 | 866.3 | 1079.3 | 2636.0 | 692.8 | 564.0 | 424.6 | 263.9 | 334.7 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -35.8 | -10.9 | -379.4 | -176.1 | -345.9 | -436.6 | -559.2 | -382.3 | -518.9 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 288.7 | 110.5 | 75.3 | -2.7 | 64.7 | 47.4 | 191.9 | 247.3 | 225.2 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 5.1 | 27.3 | 27.6 | -11.3 | 45.1 | -14.1 | 90.7 | -61.0 | 15.9 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 1.4 | 1.6 | 5.1 | 6.0 | 2.8 | 10.9 | 0.7 | 4.0 | 30.1 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -1.6 | -5.7 | -9.1 | -4.7 | -1.2 | -11.2 | -19.4 | 17.4 | 13.1 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 45.4 | 33.0 | 43.5 | 0.4 | 21.7 | 71.2 | 80.7 | 49.8 | 12.0 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 135.7 | 77.0 | 89.2 | 120.0 | 80.6 | 98.1 | 57.9 | 105.1 | 153.7 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 50.0 | 145.7 | 176.6 | 176.9 | 198.2 | 200.9 | 130.4 | 157.5 | 159.3 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 100.9 | -83.2 | 309.3 | 790.8 | 198.3 | 176.0 | 72.0 | -866.9 | -141.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 5.3 | 52.5 | 70.0 | 175.5 | -67.5 | 38.8 | 133.1 | 174.6 | 69.8 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 166.3 | -68.1 | 181.7 | 748.6 | -191.7 | -51.2 | 221.1 | 334.4 | -136.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 246.6 | 383.7 | 196.3 | 662.1 | 395.3 | 261.4 | -533.4 | 262.2 | 199.9 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 1.5 | 1.1 | 0.9 | -0.0 | 5.5 | -1.9 | 0.2 | 5.1 | 0.7 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 83.9 | 121.9 | 98.8 | 63.8 | 123.1 | 87.9 | 120.4 | 135.2 | 155.4 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -4.2 | -38.6 | 3.0 | 21.4 | 23.9 | -12.3 | -20.8 | 36.7 | 57.9 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -8.3 | -8.3 | 7.3 | 5.4 | 4.2 | 12.6 | 7.2 | 15.5 | 9.1 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 9.9 | -10.6 | -4.5 | 3.9 | -5.8 | 5.6 | -21.7 | -13.9 | -11.0 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | -26.4 | 56.7 | 26.9 | -17.7 | -9.4 | 84.5 | 50.1 | 120.7 | 88.7 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 5.0 | 0.5 | 137.8 | -98.7 | 85.9 | -10.7 | 574.8 | -46.7 | 19.6 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 3.2 | 14.4 | 31.5 | 53.8 | 20.6 | 43.0 | 8.6 | 6.2 | 26.7 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 107.7 | 65.8 | -8.5 | 118.6 | 44.1 | -36.2 | -160.4 | -37.1 | -94.7 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 341.7 | 653.7 | 169.9 | 565.6 | 145.9 | 379.7 | -411.8 | 661.8 | 448.6 | 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, 2019