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 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 45129.9 | 47404.9 | 45467.5 | 45741.7 | 46768.4 | 47404.9 | 48346.3 | 51884.7 | 52619.0 | 1 |
| All sectors; open market paper; liability | FL893169175 | 996.0 | 1045.2 | 1071.2 | 1090.4 | 1074.9 | 1045.2 | 1088.8 | 1006.6 | 956.9 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 17842.1 | 19018.7 | 17906.3 | 17814.3 | 18571.7 | 19018.7 | 19518.4 | 22370.7 | 22900.4 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 9112.6 | 9429.5 | 9145.6 | 9264.0 | 9343.2 | 9429.5 | 9769.1 | 9743.7 | 9866.2 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3842.1 | 3862.2 | 3839.3 | 3824.7 | 3821.9 | 3862.2 | 3867.8 | 3887.6 | 3922.7 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 13337.2 | 14049.3 | 13505.0 | 13748.3 | 13956.7 | 14049.3 | 14102.1 | 14876.0 | 14972.8 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 45129.9 | 47404.9 | 45467.5 | 45741.7 | 46768.4 | 47404.9 | 48346.3 | 51884.7 | 52619.0 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 27441.0 | 28882.2 | 27637.0 | 27605.0 | 28433.3 | 28882.2 | 29610.8 | 32830.5 | 33430.8 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 216.2 | 213.1 | 215.2 | 214.6 | 214.2 | 213.1 | 210.3 | 208.0 | 206.7 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6297.0 | 6557.3 | 6434.9 | 6513.4 | 6588.0 | 6557.3 | 6783.2 | 7132.1 | 7169.8 | 10 |
| Federal government; debt securities; liability | FL314122005 | 17865.0 | 19039.9 | 17928.5 | 17836.3 | 18593.1 | 19039.9 | 19539.6 | 22391.7 | 22920.6 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3062.8 | 3071.9 | 3058.4 | 3040.8 | 3037.9 | 3071.9 | 3077.7 | 3098.6 | 3133.8 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 14282.8 | 14718.1 | 14370.2 | 14528.7 | 14631.9 | 14718.1 | 15243.4 | 15302.8 | 15331.3 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 247.5 | 209.7 | 235.6 | 230.3 | 209.7 | 209.7 | 232.9 | 242.0 | 232.7 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 40.8 | 38.5 | 37.9 | 38.6 | 39.8 | 38.5 | 51.1 | 43.2 | 32.4 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6797.3 | 7002.2 | 6808.4 | 6901.8 | 6952.7 | 7002.2 | 7318.1 | 7305.1 | 7417.7 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2292.3 | 2406.0 | 2315.0 | 2340.2 | 2369.1 | 2406.0 | 2429.8 | 2417.6 | 2428.4 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1148.9 | 1207.1 | 1158.5 | 1158.6 | 1191.7 | 1207.1 | 1244.5 | 1234.5 | 1233.0 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 879.2 | 835.4 | 859.2 | 844.9 | 850.0 | 835.4 | 859.4 | 849.0 | 813.9 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 470.0 | 540.4 | 482.9 | 502.5 | 521.4 | 540.4 | 530.4 | 567.3 | 573.5 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 184.0 | 174.0 | 181.9 | 205.9 | 183.3 | 174.0 | 256.9 | 179.7 | 165.4 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1401.7 | 1445.7 | 1441.2 | 1475.2 | 1468.0 | 1445.7 | 1538.2 | 1606.9 | 1569.0 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 821.2 | 859.1 | 849.6 | 830.7 | 846.2 | 859.1 | 782.0 | 857.4 | 865.3 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 3406.1 | 3804.5 | 3460.3 | 3608.0 | 3703.2 | 3804.5 | 3492.1 | 3751.4 | 3857.0 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 44399.2 | 48505.3 | 45445.9 | 46437.9 | 47935.5 | 48505.3 | 49827.3 | 54232.3 | 54927.7 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 7030.7 | 7673.6 | 7144.1 | 7536.5 | 7587.3 | 7673.6 | 7437.7 | 7460.7 | 7339.3 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 5106.3 | 5584.8 | 5153.4 | 5521.2 | 5535.2 | 5584.8 | 5229.3 | 5095.7 | 4904.6 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 253.2 | 328.3 | 254.1 | 278.8 | 322.0 | 328.3 | 364.5 | 380.1 | 388.6 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 81.1 | 86.1 | 82.3 | 83.4 | 84.8 | 86.1 | 91.7 | 94.3 | 93.2 | 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; debt securities; asset | LM214022005 | 1589.6 | 1673.9 | 1653.8 | 1652.7 | 1644.8 | 1673.9 | 1751.7 | 1890.1 | 1952.4 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 26182.5 | 28760.8 | 26728.8 | 27079.9 | 28253.6 | 28760.8 | 30198.1 | 34048.4 | 34820.5 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 3982.6 | 4011.9 | 3953.9 | 3900.4 | 3897.9 | 4011.9 | 5312.9 | 6847.7 | 7163.7 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3760.5 | 4083.5 | 3847.5 | 3927.8 | 4058.5 | 4083.5 | 4272.1 | 4588.4 | 4866.8 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 318.1 | 309.0 | 312.9 | 325.6 | 334.4 | 309.0 | 340.2 | 334.4 | 319.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 19.5 | 33.6 | 20.8 | 28.7 | 31.1 | 33.6 | 34.0 | 38.8 | 39.3 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 201.8 | 221.3 | 213.4 | 215.9 | 216.8 | 221.3 | 235.2 | 267.5 | 283.7 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1118.6 | 1192.8 | 1154.4 | 1177.6 | 1194.3 | 1192.8 | 1190.8 | 1268.3 | 1302.4 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3502.6 | 4018.9 | 3685.2 | 3859.4 | 3995.9 | 4018.9 | 3979.3 | 4300.7 | 4403.2 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1416.1 | 1607.8 | 1488.6 | 1500.2 | 1572.9 | 1607.8 | 1617.7 | 1707.2 | 1741.5 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2061.9 | 2177.0 | 1810.1 | 1738.4 | 2073.4 | 2177.0 | 2181.1 | 2184.6 | 2232.3 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 975.6 | 1029.3 | 1024.4 | 1007.7 | 1069.8 | 1029.3 | 1021.1 | 995.6 | 975.5 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1862.3 | 2181.3 | 1895.1 | 1798.9 | 2029.8 | 2181.3 | 2568.7 | 3544.2 | 3290.6 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4541.8 | 5186.3 | 4733.2 | 4914.9 | 5075.1 | 5186.3 | 4805.1 | 5105.3 | 5338.4 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 161.0 | 171.4 | 166.7 | 169.3 | 171.1 | 171.4 | 152.0 | 162.4 | 166.5 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 636.1 | 825.0 | 692.7 | 745.4 | 789.6 | 825.0 | 830.5 | 944.1 | 1007.4 | 46 |
| Government-sponsored enterprises; debt securities; asset | FL404022005 | 407.0 | 465.4 | 416.7 | 432.2 | 455.7 | 465.4 | 477.7 | 538.1 | 548.8 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 20.4 | 33.0 | 24.3 | 26.5 | 29.1 | 33.0 | 32.0 | 30.6 | 29.5 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 55.3 | 60.0 | 54.1 | 53.1 | 56.7 | 60.0 | 58.8 | 68.2 | 70.9 | 49 |
| Real estate investment trusts; debt securities; asset | FL644022005 | 324.5 | 386.6 | 355.0 | 377.7 | 384.3 | 386.6 | 246.8 | 242.1 | 234.8 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 443.9 | 412.6 | 434.0 | 449.7 | 449.7 | 412.6 | 470.4 | 464.0 | 399.4 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 97.3 | 132.0 | 100.9 | 110.7 | 128.6 | 132.0 | 123.4 | 127.4 | 118.1 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 275.6 | 222.2 | 345.0 | 319.7 | 238.8 | 222.2 | 248.2 | 288.8 | 288.4 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 11186.0 | 12070.9 | 11573.1 | 11821.4 | 12094.6 | 12070.9 | 12191.5 | 12723.2 | 12768.0 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | 730.7 | -1100.5 | 21.5 | -696.2 | -1167.1 | -1100.5 | -1481.0 | -2347.6 | -2308.7 | 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 10, 2020