Financial Accounts of the United States - Z.1
L.213 Corporate and Foreign Bonds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; corporate and foreign bonds; liability | FL893163005 | 13083.6 | 13311.3 | 14029.9 | 13297.3 | 13311.3 | 13502.5 | 13742.1 | 13968.9 | 14029.9 | 1 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163003 | 5384.6 | 5539.2 | 5785.0 | 5506.8 | 5539.2 | 5630.9 | 5707.7 | 5802.2 | 5785.0 | 2 |
| Domestic financial sectors; corporate and foreign bonds; liability | FL793163005 | 4717.0 | 4773.5 | 4932.3 | 4767.2 | 4773.5 | 4815.5 | 4858.2 | 4916.3 | 4932.3 | 3 |
| U.S.-chartered depository institutions; corporate and foreign bonds; liability | FL763163005 | 147.7 | 160.0 | 154.9 | 166.2 | 160.0 | 154.0 | 151.3 | 148.8 | 154.9 | 4 |
| Issuers of asset-backed securities; corporate and foreign bonds; liability (1) | FL673163005 | 1103.1 | 1079.4 | 1119.6 | 1088.1 | 1079.4 | 1086.8 | 1082.8 | 1110.8 | 1119.6 | 5 |
| Finance companies; corporate and foreign bonds; liability | FL613163005 | 763.0 | 814.6 | 787.6 | 813.6 | 814.6 | 794.5 | 779.5 | 790.2 | 787.6 | 6 |
| Real estate investment trusts; corporate and foreign bonds; liability | FL643163005 | 439.0 | 470.0 | 540.4 | 448.1 | 470.0 | 483.0 | 501.3 | 519.4 | 540.4 | 7 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 185.7 | 184.0 | 174.0 | 175.9 | 184.0 | 181.9 | 205.9 | 183.3 | 174.0 | 8 |
| Holding companies; corporate and foreign bonds; liability | FL733163003 | 1444.2 | 1395.8 | 1442.4 | 1405.9 | 1395.8 | 1435.0 | 1472.8 | 1468.1 | 1442.4 | 9 |
| Other financial business; corporate and foreign bonds where the proceeds are down-streamed to broker-dealer subsidiaries by investment banks that are holding-company parents; liability | FL503163005 | 634.4 | 669.7 | 713.4 | 669.4 | 669.7 | 680.3 | 664.7 | 695.6 | 713.4 | 10 |
| Rest of the world; bonds; liability (2) | LM263163005 | 2982.0 | 2998.6 | 3312.6 | 3023.4 | 2998.6 | 3056.2 | 3176.2 | 3250.3 | 3312.6 | 11 |
| All sectors; corporate and foreign bonds; asset (3) | FL893063005 | 13122.5 | 12660.0 | 14249.7 | 12906.5 | 12660.0 | 13216.4 | 13760.0 | 14166.7 | 14249.7 | 12 |
| Households and nonprofit organizations; corporate and foreign bonds; asset | LM153063005 | 1024.5 | 955.7 | 937.6 | 955.3 | 955.7 | 917.5 | 997.9 | 1053.0 | 937.6 | 13 |
| Federal government; corporate bonds issued by commercial banking under TARP; asset | FL313063763 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 14 |
| State and local governments; corporate and foreign bonds; asset | FL213063003 | 195.2 | 180.7 | 178.1 | 188.1 | 180.7 | 181.0 | 178.9 | 177.4 | 178.1 | 15 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds; asset | LM763063005 | 493.0 | 451.7 | 499.4 | 489.4 | 451.7 | 498.5 | 496.5 | 502.2 | 499.4 | 16 |
| U.S.-chartered depository institutions; private MBS and CMOs; asset | LM763063605 | 83.0 | 77.1 | 84.8 | 75.4 | 77.1 | 79.8 | 82.4 | 84.4 | 84.8 | 17 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds, excluding private MBS and CMOs; asset | LM763063095 | 409.9 | 374.5 | 414.6 | 414.0 | 374.5 | 418.7 | 414.2 | 417.7 | 414.6 | 18 |
| Foreign banking offices in the U.S., including IBFs; corporate and foreign bonds; asset | LM753063005 | 160.2 | 149.7 | 134.6 | 147.3 | 149.7 | 143.3 | 150.4 | 150.0 | 134.6 | 19 |
| Banks in U.S.-affiliated areas; corporate and foreign bonds; asset | LM743063005 | 7.0 | 0.1 | 7.8 | 0.1 | 0.1 | 0.1 | 4.7 | 8.0 | 7.8 | 20 |
| Credit unions; corporate and foreign bonds; asset | LM473063005 | 10.7 | 10.4 | 12.6 | 9.9 | 10.4 | 11.7 | 12.0 | 12.3 | 12.6 | 21 |
| Credit unions; mortgage-backed securities and other asset-backed bonds; asset | LM473063605 | 10.4 | 9.9 | 12.1 | 9.6 | 9.9 | 11.2 | 11.5 | 11.8 | 12.1 | 22 |
| Credit unions; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM473063095 | 0.3 | 0.5 | 0.5 | 0.3 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 23 |
| Property-casualty insurance companies; corporate and foreign bonds, including those held by U.S. residual market reinsurers; asset | LM513063005 | 482.2 | 534.0 | 628.0 | 512.3 | 534.0 | 566.6 | 596.7 | 621.7 | 628.0 | 24 |
| Property-casualty insurance companies; mortgage-backed securities and other asset-backed bonds, including those held by U.S. residual market reinsurers; asset | LM513063605 | 104.3 | 122.8 | 145.6 | 115.4 | 122.8 | 130.3 | 137.2 | 142.9 | 145.6 | 25 |
| Property-casualty insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM513063095 | 377.9 | 411.3 | 482.3 | 396.9 | 411.3 | 436.4 | 459.5 | 478.8 | 482.3 | 26 |
| Life insurance companies; corporate and foreign bonds; asset | LM543063005 | 2735.0 | 2710.9 | 3118.8 | 2675.3 | 2710.9 | 2853.5 | 2990.9 | 3090.1 | 3118.8 | 27 |
| Life insurance companies, general accounts; mortgage-backed securities and other asset-backed bonds, including those held by U.S. captive reinsurers; asset | LM543063675 | 482.0 | 498.8 | 576.5 | 488.2 | 498.8 | 525.9 | 550.8 | 568.6 | 576.5 | 28 |
| Life insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM543063095 | 2253.0 | 2212.1 | 2542.2 | 2187.1 | 2212.1 | 2327.6 | 2440.1 | 2521.5 | 2542.2 | 29 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 803.8 | 835.4 | 981.0 | 829.7 | 835.4 | 885.8 | 930.3 | 965.4 | 981.0 | 30 |
| Federal government retirement funds; corporate and foreign bonds; asset | LM343063005 | 14.2 | 13.4 | 15.9 | 13.5 | 13.4 | 14.3 | 15.1 | 15.6 | 15.9 | 31 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 498.8 | 415.3 | 467.5 | 471.8 | 415.3 | 430.3 | 438.6 | 460.6 | 467.5 | 32 |
| Money market funds; corporate and foreign bonds; asset | FL633063005 | 8.5 | 7.5 | 18.5 | 10.1 | 7.5 | 8.7 | 11.7 | 16.1 | 18.5 | 33 |
| Mutual funds; corporate and foreign bonds; asset (market value) | LM653063005 | 2037.6 | 2016.6 | 2359.0 | 2113.3 | 2016.6 | 2131.0 | 2221.8 | 2266.5 | 2359.0 | 34 |
| Closed-end funds; corporate and foreign bonds; asset | LM553063003 | 74.3 | 69.1 | 75.0 | 74.4 | 69.1 | 73.2 | 74.7 | 74.2 | 75.0 | 35 |
| Exchange-traded funds; corporate and foreign bonds; asset | LM563063003 | 403.6 | 420.5 | 544.3 | 424.5 | 420.5 | 460.7 | 488.8 | 517.5 | 544.3 | 36 |
| Government-sponsored enterprises; corporate and foreign bonds; asset | FL403063005 | 24.1 | 18.1 | 15.8 | 20.8 | 18.1 | 17.6 | 16.9 | 16.2 | 15.8 | 37 |
| Government-sponsored enterprises; mortgage-backed securities and other asset-backed bonds; asset | FL403063605 | 19.8 | 14.3 | 12.3 | 16.9 | 14.3 | 13.9 | 13.2 | 12.6 | 12.3 | 38 |
| Government-sponsored enterprises; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FL403063095 | 4.3 | 3.9 | 3.5 | 4.0 | 3.9 | 3.8 | 3.7 | 3.6 | 3.5 | 39 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 63.8 | 55.3 | 60.5 | 61.4 | 55.3 | 54.1 | 53.1 | 56.7 | 60.5 | 40 |
| Real estate investment trusts; corporate and foreign bonds; asset | FL643063005 | 42.3 | 50.8 | 49.8 | 52.4 | 50.8 | 48.9 | 48.7 | 47.7 | 49.8 | 41 |
| Security brokers and dealers; corporate and foreign bonds; asset | FL663063005 | 71.4 | 63.0 | 54.0 | 75.0 | 63.0 | 60.6 | 56.3 | 67.8 | 54.0 | 42 |
| Holding companies; corporate and foreign bonds; asset | LM733063003 | 17.7 | 21.0 | 27.3 | 17.9 | 21.0 | 22.6 | 27.3 | 29.9 | 27.3 | 43 |
| Other financial business; corporate and foreign bonds, including financial stabilization programs; asset | FL503063005 | 72.6 | 70.7 | 70.9 | 72.7 | 70.7 | 72.3 | 73.1 | 74.0 | 70.9 | 44 |
| Rest of the world; corporate bonds; asset (4) | LM263063005 | 3881.7 | 3609.8 | 3992.9 | 3690.7 | 3609.8 | 3763.8 | 3875.3 | 3943.1 | 3992.9 | 45 |
| Rest of the world; U.S. mortgage-backed securities and other U.S. asset-backed bonds; asset | LM263063603 | 370.4 | 361.3 | 351.6 | 362.8 | 361.3 | 358.9 | 359.2 | 353.6 | 351.6 | 46 |
| Rest of the world: U.S. corporate bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM263063095 | 3511.3 | 3248.5 | 3641.3 | 3327.9 | 3248.5 | 3404.9 | 3516.1 | 3589.6 | 3641.3 | 47 |
| Instrument discrepancies; corporate and foreign bonds (level) (5) | LM903063003 | -38.9 | 651.2 | -219.8 | 390.8 | 651.2 | 286.1 | -17.9 | -197.8 | -219.8 | 48 |
NOTES
- Liabilities net of assets.
- Holdings of foreign issues by U.S. residents.
- For some sectors, holdings of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately issued asset-backed bonds.
- Holdings of U.S. issues by foreign residents.
- The accumulated valuation difference between issuance and holdings.
Last Update: March 12, 2020