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 | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1489.6 | 1973.9 | 2013.4 | 1759.4 | 834.3 | 1695.9 | 1269.4 | 3822.0 | 1266.3 | 1 |
| All sectors; open market paper; liability | FA893169175 | 81.1 | 30.0 | 49.3 | 56.4 | -130.6 | 126.4 | 0.3 | 44.1 | 26.4 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 447.0 | 1411.2 | 1176.6 | 1040.3 | 647.4 | 892.4 | 376.6 | 2695.3 | 742.1 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 346.9 | 245.5 | 290.7 | 240.6 | 317.1 | 283.3 | 363.0 | 316.8 | 199.7 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 13.4 | -57.9 | 19.5 | -68.6 | -42.4 | -25.7 | -85.6 | 28.7 | 160.4 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 601.2 | 345.1 | 477.4 | 490.7 | 42.9 | 419.5 | 615.0 | 737.1 | 137.8 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1489.6 | 1973.9 | 2013.4 | 1759.4 | 834.3 | 1695.9 | 1269.4 | 3822.0 | 1266.3 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 767.2 | 1496.2 | 1438.6 | 1192.4 | 591.6 | 1318.8 | 536.5 | 3090.0 | 809.1 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | 1.7 | -2.2 | -3.4 | -11.8 | -2.2 | -4.1 | -3.4 | -1.8 | -4.4 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 320.5 | 140.1 | 258.8 | 212.5 | -6.1 | 473.5 | 241.8 | 381.9 | -62.1 | 10 |
| Federal government; debt securities; liability | FA314122005 | 447.0 | 1409.8 | 1174.9 | 1037.5 | 647.8 | 889.5 | 375.8 | 2693.1 | 741.1 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -2.0 | -51.5 | 8.4 | -45.7 | -48.0 | -40.0 | -77.7 | 16.7 | 134.6 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 338.2 | 356.4 | 460.0 | 407.3 | 377.4 | 470.7 | 514.4 | 520.0 | 334.6 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -54.3 | 24.2 | -11.2 | 32.6 | -48.3 | -47.5 | -21.2 | -21.0 | 45.1 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -11.1 | 2.7 | 5.0 | -15.7 | 1.1 | -11.5 | 2.9 | 21.9 | 6.9 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 153.1 | 81.1 | 177.8 | 86.0 | 133.8 | 171.4 | 255.1 | 223.1 | 61.4 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 193.8 | 165.9 | 114.7 | 157.4 | 182.7 | 114.8 | 108.7 | 95.9 | 139.3 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -47.9 | 11.4 | 59.6 | 25.1 | -3.6 | 54.1 | -12.1 | 142.6 | 53.9 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -51.2 | 44.1 | -28.7 | 98.6 | -3.4 | -71.3 | -65.6 | 27.9 | -5.8 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 21.6 | 31.0 | 70.4 | 35.6 | 87.7 | 51.8 | 73.3 | 72.3 | 84.2 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 56.5 | -1.7 | -10.0 | 34.2 | 32.4 | -8.5 | 95.9 | -90.1 | -37.4 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 94.4 | -46.9 | 42.8 | -27.0 | -36.9 | 158.0 | 139.3 | -28.9 | -97.4 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -16.9 | 44.7 | 39.6 | -19.5 | 31.7 | 59.4 | -61.9 | 76.4 | 84.5 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 384.2 | 121.2 | 114.8 | 159.6 | -134.7 | -93.7 | 218.5 | 212.0 | 122.5 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1489.6 | 1973.9 | 2013.4 | 1759.4 | 834.3 | 1695.9 | 1269.4 | 3822.0 | 1266.3 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -24.0 | 708.0 | 217.8 | 788.8 | 862.0 | 954.2 | 541.0 | 14.1 | -638.3 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -54.1 | 800.6 | 244.1 | 773.6 | 1045.2 | 1062.6 | 707.2 | -8.1 | -785.4 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 28.8 | 5.2 | 57.4 | -28.7 | 109.9 | 0.8 | 48.1 | 96.1 | 84.6 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 5.3 | 6.6 | 5.6 | 3.7 | 10.4 | 5.6 | 4.4 | 6.4 | 6.0 | 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; debt securities; asset | FA214022005 | -4.1 | -104.2 | -89.3 | 40.1 | -303.4 | -114.8 | -218.8 | -80.3 | 56.5 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 859.9 | 1096.0 | 1457.9 | 590.9 | 384.0 | 79.8 | 270.8 | 3275.9 | 2205.1 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -10.9 | -379.4 | -134.4 | -436.6 | -559.2 | -382.3 | -518.9 | -264.5 | 628.1 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 110.5 | 75.3 | 242.8 | 45.1 | 192.0 | 247.1 | 221.1 | 455.2 | 47.7 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 27.3 | 26.4 | -30.1 | -14.1 | 86.9 | -55.8 | 15.9 | 12.9 | -93.5 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 1.6 | 5.1 | 13.2 | 10.9 | 0.7 | 4.0 | 30.1 | 7.5 | 11.1 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -5.7 | -9.1 | 6.5 | -11.2 | -19.4 | 17.4 | -11.7 | 3.7 | 16.7 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 33.0 | 43.5 | 25.7 | 71.2 | 80.7 | 49.8 | 12.0 | 28.7 | 12.4 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 77.0 | 89.2 | 134.6 | 98.1 | 57.9 | 105.1 | 153.7 | 169.5 | 110.1 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 145.7 | 176.6 | 149.7 | 200.9 | 130.4 | 157.5 | 140.2 | 167.3 | 133.9 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | -83.2 | 309.3 | 112.7 | 176.0 | 72.0 | -866.9 | -141.4 | 1339.7 | 119.5 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 52.5 | 70.0 | 75.5 | 38.8 | 133.1 | 70.3 | 78.1 | 66.5 | 87.0 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -68.1 | 181.7 | 319.0 | -51.2 | 221.1 | 334.4 | -136.4 | 826.0 | 251.8 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 383.7 | 196.2 | 408.7 | 261.4 | -533.6 | 261.8 | 250.2 | 329.5 | 793.3 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 1.2 | 1.4 | 3.2 | -1.1 | 0.2 | 5.1 | 1.5 | 6.4 | -0.1 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 122.0 | 99.0 | 148.3 | 88.1 | 120.5 | 135.4 | 155.5 | 146.1 | 156.2 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -38.6 | 3.0 | 71.7 | -12.3 | -20.8 | 38.6 | 61.9 | 94.3 | 91.8 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -8.3 | 7.3 | 12.7 | 12.6 | 7.2 | 15.5 | 9.1 | 10.3 | 15.8 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -10.6 | -4.5 | -0.0 | 5.6 | -21.7 | -13.9 | -11.0 | 10.4 | 14.4 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 56.7 | 26.9 | 59.9 | 84.5 | 50.3 | 120.5 | 88.7 | 25.4 | 5.2 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -2.7 | 154.7 | -74.0 | 17.0 | 536.3 | -113.9 | -65.2 | -7.6 | -109.2 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 14.4 | 31.5 | 21.7 | 43.0 | 8.6 | 6.2 | 27.0 | 64.8 | -11.3 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 62.3 | -8.0 | -109.4 | -35.8 | -159.1 | -56.2 | -89.6 | -216.1 | -75.9 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 653.7 | 169.9 | 337.7 | 379.7 | -411.8 | 661.8 | 457.6 | 532.1 | -300.5 | 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: March 12, 2020