Financial Accounts of the United States - Z.1
L.208 Debt Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 43257.2 | 45092.5 | 44046.9 | 44178.6 | 44627.7 | 45092.5 | 45452.5 | 45722.1 | 46742.4 | 1 |
| All sectors; open market paper; liability | FL893169175 | 965.9 | 996.0 | 1048.5 | 1051.5 | 1045.5 | 996.0 | 1071.2 | 1090.4 | 1074.9 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 16430.9 | 17842.1 | 17046.0 | 17090.7 | 17417.8 | 17842.1 | 17906.3 | 17814.3 | 18571.7 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 8867.4 | 9112.9 | 8872.0 | 8960.0 | 9021.5 | 9112.9 | 9146.5 | 9265.3 | 9344.4 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3890.0 | 3831.3 | 3869.3 | 3871.2 | 3842.1 | 3831.3 | 3828.8 | 3814.0 | 3810.2 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 13103.0 | 13310.3 | 13211.1 | 13205.2 | 13300.7 | 13310.3 | 13499.8 | 13738.2 | 13941.3 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 43257.2 | 45092.5 | 44046.9 | 44178.6 | 44627.7 | 45092.5 | 45452.5 | 45722.1 | 46742.4 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 25955.9 | 27430.8 | 26644.5 | 26695.6 | 27016.5 | 27430.8 | 27628.1 | 27592.3 | 28420.5 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 218.9 | 216.7 | 220.4 | 220.1 | 217.1 | 216.7 | 215.6 | 214.8 | 214.4 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6178.2 | 6297.7 | 6269.1 | 6277.4 | 6295.2 | 6297.7 | 6436.9 | 6511.7 | 6587.2 | 10 |
| Federal government; debt securities; liability | FL314122005 | 16455.3 | 17865.0 | 17070.6 | 17114.2 | 17440.6 | 17865.0 | 17928.5 | 17836.3 | 18593.1 | 11 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FL213162005 | 3103.6 | 3051.4 | 3084.4 | 3083.9 | 3063.6 | 3051.4 | 3047.1 | 3029.5 | 3025.8 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 13957.3 | 14294.8 | 13982.5 | 14102.8 | 14195.2 | 14294.8 | 14380.6 | 14534.8 | 14621.2 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 223.2 | 247.5 | 243.0 | 251.4 | 259.5 | 247.5 | 235.6 | 230.3 | 209.5 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 38.1 | 40.8 | 43.0 | 44.4 | 40.5 | 40.8 | 37.9 | 38.6 | 39.7 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6716.3 | 6797.3 | 6685.7 | 6736.1 | 6753.3 | 6797.3 | 6808.4 | 6901.8 | 6952.7 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2126.8 | 2292.6 | 2161.7 | 2200.4 | 2245.4 | 2292.6 | 2315.8 | 2341.5 | 2370.2 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1168.1 | 1160.8 | 1155.1 | 1163.1 | 1164.0 | 1160.8 | 1168.2 | 1166.4 | 1189.5 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 835.1 | 879.2 | 833.0 | 854.9 | 878.7 | 879.2 | 859.2 | 839.3 | 839.3 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 439.0 | 469.7 | 440.7 | 439.2 | 448.1 | 469.7 | 482.7 | 501.1 | 518.3 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 185.7 | 184.0 | 175.6 | 167.4 | 175.9 | 184.0 | 181.9 | 205.9 | 183.3 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1448.6 | 1401.7 | 1435.1 | 1417.7 | 1410.9 | 1401.7 | 1441.2 | 1479.2 | 1471.9 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 776.5 | 821.2 | 809.7 | 828.3 | 818.8 | 821.2 | 849.6 | 830.8 | 846.8 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FL264122005 | 3344.0 | 3366.9 | 3419.9 | 3380.1 | 3416.0 | 3366.9 | 3443.8 | 3595.0 | 3700.7 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 43617.5 | 44427.9 | 43832.9 | 43735.0 | 44016.6 | 44427.9 | 45443.2 | 46363.6 | 47799.5 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6393.9 | 6954.0 | 6482.3 | 6658.7 | 6891.9 | 6954.0 | 7059.1 | 7218.4 | 7264.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4580.4 | 5223.0 | 4720.9 | 4883.4 | 5123.6 | 5223.0 | 5323.5 | 5478.9 | 5499.4 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 236.0 | 239.2 | 231.1 | 225.7 | 220.0 | 239.2 | 239.9 | 263.9 | 290.4 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FL114022005 | 73.4 | 80.0 | 74.6 | 76.4 | 77.4 | 80.0 | 81.3 | 82.5 | 84.1 | 29 |
| Federal government; debt securities; asset | FL314022005 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 30 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FL214022005 | 1503.5 | 1411.3 | 1455.3 | 1472.6 | 1470.4 | 1411.3 | 1413.9 | 1392.6 | 1390.0 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 25881.7 | 26296.4 | 26056.0 | 25887.6 | 25916.6 | 26296.4 | 26806.2 | 27267.7 | 28398.3 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 4448.3 | 3982.6 | 4323.7 | 4218.1 | 4062.1 | 3982.6 | 3953.9 | 3900.4 | 3897.9 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3757.4 | 3759.5 | 3694.8 | 3655.1 | 3653.8 | 3759.5 | 3846.5 | 3927.9 | 4058.4 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 303.3 | 318.1 | 292.9 | 300.2 | 295.2 | 318.1 | 312.9 | 325.6 | 334.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 14.7 | 19.5 | 15.9 | 16.4 | 19.0 | 19.5 | 20.8 | 28.7 | 31.1 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 213.0 | 201.8 | 213.3 | 213.4 | 206.7 | 201.8 | 213.4 | 215.9 | 214.8 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1097.2 | 1118.6 | 1075.2 | 1073.8 | 1092.1 | 1118.6 | 1162.6 | 1194.1 | 1219.0 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3585.8 | 3502.6 | 3526.8 | 3486.3 | 3503.8 | 3502.6 | 3654.3 | 3803.0 | 3913.5 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1391.2 | 1511.0 | 1400.6 | 1431.6 | 1476.3 | 1511.0 | 1594.2 | 1673.4 | 1733.4 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 1753.7 | 2061.9 | 1917.0 | 1927.6 | 1969.4 | 2061.9 | 1810.1 | 1738.3 | 2073.3 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 955.0 | 988.7 | 976.1 | 947.3 | 952.6 | 988.7 | 1057.4 | 1091.8 | 1128.2 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1680.7 | 1862.3 | 1822.4 | 1709.5 | 1723.6 | 1862.3 | 1895.1 | 1798.9 | 2029.8 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4514.5 | 4541.8 | 4575.6 | 4624.5 | 4669.0 | 4541.8 | 4733.2 | 4914.9 | 5081.0 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 168.0 | 160.1 | 165.4 | 166.4 | 165.9 | 160.1 | 165.8 | 168.5 | 170.3 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 556.5 | 636.1 | 564.3 | 590.1 | 610.1 | 636.1 | 692.7 | 745.4 | 789.5 | 46 |
| Government-sponsored enterprises; debt securities; asset | FL404022005 | 404.0 | 407.0 | 409.3 | 415.3 | 412.2 | 407.0 | 416.2 | 430.5 | 453.9 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 11.5 | 18.9 | 12.9 | 13.9 | 17.1 | 18.9 | 22.7 | 25.0 | 27.6 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 63.8 | 55.3 | 62.7 | 60.0 | 61.4 | 55.3 | 54.1 | 53.1 | 53.5 | 49 |
| Real estate investment trusts; debt securities; asset | FL644022005 | 297.6 | 324.4 | 293.1 | 290.8 | 311.9 | 324.4 | 354.6 | 376.8 | 383.1 | 50 |
| Security brokers and dealers; debt securities; asset | FL664022005 | 306.1 | 443.9 | 281.5 | 311.3 | 297.0 | 443.9 | 434.0 | 449.7 | 449.7 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 67.2 | 97.3 | 79.3 | 83.8 | 94.1 | 97.3 | 100.9 | 110.7 | 128.6 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 292.5 | 285.0 | 353.3 | 352.2 | 323.3 | 285.0 | 310.7 | 295.0 | 227.4 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FL264022005 | 11341.9 | 11177.5 | 11294.6 | 11188.7 | 11208.1 | 11177.5 | 11578.0 | 11877.5 | 12136.9 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | -360.3 | 664.6 | 214.0 | 443.5 | 611.1 | 664.6 | 9.3 | -641.5 | -1057.1 | 55 |
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 (tables L.101 and B.101).
- The accumulated valuation difference between issuance and holdings.
Last Update: December 12, 2019