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 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 45138.1 | 47420.3 | 53919.5 | 46769.7 | 47420.3 | 48376.0 | 51931.5 | 52707.9 | 53919.5 | 1 |
| All sectors; open market paper; liability | FL893169175 | 996.0 | 1045.2 | 986.9 | 1074.9 | 1045.2 | 1088.8 | 1006.6 | 956.9 | 986.9 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 17842.1 | 19018.7 | 23600.9 | 18571.7 | 19018.7 | 19518.4 | 22370.7 | 22900.4 | 23600.9 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 9112.6 | 9429.5 | 10114.3 | 9343.2 | 9429.5 | 9769.1 | 9743.7 | 9866.2 | 10114.3 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3844.5 | 3864.7 | 3949.9 | 3824.4 | 3864.7 | 3870.2 | 3890.2 | 3924.7 | 3949.9 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 13343.0 | 14062.2 | 15267.5 | 13955.5 | 14062.2 | 14129.5 | 14920.2 | 15059.6 | 15267.5 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 45138.1 | 47420.3 | 53919.5 | 46769.7 | 47420.3 | 48376.0 | 51931.5 | 52707.9 | 53919.5 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 27449.1 | 28899.2 | 34244.7 | 28434.6 | 28899.2 | 29641.5 | 32876.2 | 33482.2 | 34244.7 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 215.2 | 212.1 | 202.3 | 213.2 | 212.1 | 209.2 | 206.9 | 205.5 | 202.3 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6302.8 | 6571.9 | 7256.8 | 6586.9 | 6571.9 | 6811.6 | 7175.4 | 7219.1 | 7256.8 | 10 |
| Federal government; debt securities; liability | FL314122005 | 17865.0 | 19039.9 | 23621.1 | 18593.1 | 19039.9 | 19539.6 | 22391.7 | 22920.6 | 23621.1 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3066.1 | 3075.3 | 3164.6 | 3041.3 | 3075.3 | 3081.1 | 3102.2 | 3137.0 | 3164.6 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 14282.8 | 14716.6 | 15647.0 | 14631.9 | 14716.6 | 15242.4 | 15302.2 | 15355.9 | 15647.0 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 247.5 | 209.7 | 262.4 | 209.7 | 209.7 | 232.9 | 242.3 | 251.4 | 262.4 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 40.8 | 38.5 | 34.4 | 39.8 | 38.5 | 51.1 | 43.3 | 36.1 | 34.4 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6797.3 | 7002.2 | 7665.8 | 6952.7 | 7002.2 | 7318.1 | 7305.1 | 7417.7 | 7665.8 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2292.3 | 2406.0 | 2428.3 | 2369.1 | 2406.0 | 2429.8 | 2417.6 | 2428.4 | 2428.3 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1148.9 | 1206.6 | 1236.3 | 1191.7 | 1206.6 | 1244.6 | 1234.6 | 1234.2 | 1236.3 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 879.2 | 835.4 | 817.2 | 850.0 | 835.4 | 859.4 | 849.0 | 813.9 | 817.2 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 470.0 | 539.3 | 585.9 | 521.4 | 539.3 | 529.4 | 566.3 | 574.4 | 585.9 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 184.0 | 174.0 | 183.9 | 183.3 | 174.0 | 256.9 | 179.7 | 165.4 | 183.9 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1401.7 | 1445.7 | 1577.3 | 1468.0 | 1445.7 | 1538.2 | 1606.9 | 1569.1 | 1577.3 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 821.2 | 859.1 | 855.5 | 846.2 | 859.1 | 782.0 | 857.4 | 865.3 | 855.5 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 3406.1 | 3804.5 | 4027.8 | 3703.2 | 3804.5 | 3492.1 | 3753.1 | 3869.8 | 4027.8 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 44440.6 | 48649.3 | 56363.9 | 47991.6 | 48649.3 | 49980.1 | 54429.3 | 55157.9 | 56363.9 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 7070.6 | 7883.8 | 7536.4 | 7705.8 | 7883.8 | 7649.3 | 7680.1 | 7424.5 | 7536.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 5153.3 | 5766.7 | 5077.1 | 5628.1 | 5766.7 | 5441.2 | 5322.5 | 5024.1 | 5077.1 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 253.2 | 328.3 | 399.1 | 322.0 | 328.3 | 364.5 | 380.1 | 388.6 | 399.1 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 75.8 | 80.2 | 86.7 | 79.1 | 80.2 | 85.3 | 87.6 | 86.7 | 86.7 | 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 | 1587.8 | 1708.2 | 1973.1 | 1676.2 | 1708.2 | 1757.9 | 1889.5 | 1924.6 | 1973.1 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 26184.0 | 28694.6 | 35872.9 | 28191.1 | 28694.6 | 30139.3 | 34028.0 | 34965.0 | 35872.9 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 3982.6 | 4011.9 | 7365.6 | 3897.9 | 4011.9 | 5312.9 | 6847.7 | 7163.7 | 7365.6 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3760.5 | 4083.5 | 5124.5 | 4058.5 | 4083.5 | 4272.1 | 4588.3 | 4866.6 | 5124.5 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 318.1 | 309.0 | 313.5 | 334.4 | 309.0 | 340.2 | 334.4 | 319.4 | 313.5 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 19.5 | 33.6 | 41.3 | 31.1 | 33.6 | 34.0 | 38.8 | 39.3 | 41.3 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 201.8 | 221.3 | 311.0 | 216.8 | 221.3 | 235.2 | 267.5 | 290.9 | 311.0 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1118.6 | 1192.8 | 1342.5 | 1194.3 | 1192.8 | 1190.8 | 1268.3 | 1302.4 | 1342.5 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3502.6 | 4018.9 | 4521.0 | 3995.9 | 4018.9 | 3979.3 | 4300.7 | 4403.2 | 4521.0 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1416.1 | 1607.8 | 1806.2 | 1572.9 | 1607.8 | 1617.7 | 1706.3 | 1743.0 | 1806.2 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2061.9 | 2177.0 | 2325.8 | 2073.4 | 2177.0 | 2181.1 | 2184.6 | 2232.3 | 2325.8 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 975.6 | 962.9 | 1026.1 | 1004.6 | 962.9 | 960.4 | 968.5 | 1035.7 | 1026.1 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1862.3 | 2181.3 | 3185.3 | 2029.8 | 2181.3 | 2568.7 | 3544.2 | 3290.6 | 3185.3 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4541.8 | 5186.3 | 5611.7 | 5075.1 | 5186.3 | 4805.1 | 5105.3 | 5409.3 | 5611.7 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 161.0 | 171.5 | 172.6 | 171.2 | 171.5 | 151.8 | 162.2 | 166.4 | 172.6 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 636.1 | 825.0 | 1066.3 | 789.6 | 825.0 | 830.5 | 944.1 | 1007.1 | 1066.3 | 46 |
| Government-sponsored enterprises; debt securities; asset | LM404022005 | 408.3 | 467.7 | 528.7 | 460.5 | 467.7 | 484.2 | 547.9 | 557.0 | 528.7 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 20.4 | 33.0 | 30.3 | 29.1 | 33.0 | 32.0 | 30.6 | 29.5 | 30.3 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 55.3 | 60.0 | 72.8 | 56.7 | 60.0 | 58.8 | 68.2 | 70.9 | 72.8 | 49 |
| Real estate investment trusts; debt securities; asset | LM644022005 | 324.5 | 386.7 | 236.8 | 384.3 | 386.7 | 246.3 | 241.7 | 234.5 | 236.8 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 443.9 | 412.6 | 354.5 | 449.7 | 412.6 | 470.4 | 464.0 | 399.4 | 354.5 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 97.3 | 132.0 | 124.0 | 128.6 | 132.0 | 123.4 | 127.4 | 118.1 | 124.0 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 275.7 | 220.0 | 312.2 | 236.7 | 220.0 | 244.2 | 287.3 | 285.8 | 312.2 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 11186.0 | 12070.9 | 12954.5 | 12094.6 | 12070.9 | 12191.5 | 12721.2 | 12768.4 | 12954.5 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | 697.5 | -1229.0 | -2444.4 | -1221.9 | -1229.0 | -1604.1 | -2497.9 | -2450.0 | -2444.4 | 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: March 11, 2021