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 | 2018 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1972.1 | 1950.7 | 6187.7 | 5067.1 | 14027.4 | 2063.6 | 3592.6 | 4100.6 | 3710.3 | 1 |
| All sectors; open market paper; liability | FA893169175 | 30.0 | 49.3 | -58.4 | -127.9 | -362.6 | -9.1 | 266.2 | 102.8 | -12.9 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1411.2 | 1176.6 | 4582.2 | 2682.7 | 12320.2 | 1378.2 | 1947.6 | 2123.8 | 2314.9 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 245.4 | 316.9 | 657.2 | 1505.5 | -222.5 | 532.8 | 812.9 | 698.1 | 600.9 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | -46.1 | 9.0 | 83.4 | 30.4 | 95.8 | 181.5 | 25.8 | 121.5 | 116.1 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 331.5 | 398.9 | 923.3 | 976.4 | 2196.6 | -19.8 | 540.1 | 1054.4 | 691.3 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1972.1 | 1950.7 | 6187.7 | 5067.1 | 14027.4 | 2063.6 | 3592.6 | 4100.6 | 3710.3 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1502.8 | 1439.0 | 5277.6 | 3423.6 | 13892.6 | 1720.2 | 2074.0 | 2439.0 | 2613.6 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -2.4 | -3.3 | -9.9 | -11.7 | -9.0 | -5.4 | -13.7 | 2.8 | -1.0 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 135.9 | 270.3 | 617.7 | 725.3 | 1474.9 | 179.4 | 91.4 | 201.8 | 198.8 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1409.8 | 1174.9 | 4581.2 | 2682.6 | 12319.5 | 1374.7 | 1947.8 | 2122.3 | 2314.9 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -40.5 | -2.9 | 88.6 | 27.5 | 107.2 | 171.4 | 48.4 | 112.1 | 101.0 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 324.0 | 399.2 | 903.5 | 2583.0 | -230.8 | 235.6 | 1026.2 | 870.9 | 1039.0 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 24.2 | -37.8 | 58.8 | 93.0 | 37.2 | 36.8 | 68.1 | 40.7 | -9.2 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 2.7 | -2.3 | -3.1 | 50.5 | -31.2 | -28.6 | -2.8 | 17.3 | 3.7 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 81.1 | 204.9 | 635.9 | 1388.3 | -177.4 | 505.6 | 827.2 | 665.9 | 483.5 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 165.8 | 113.8 | 22.3 | 117.3 | -44.4 | 30.7 | -14.5 | 33.7 | 117.5 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 14.3 | 69.9 | 50.7 | 240.5 | -48.0 | 5.5 | 4.6 | 40.3 | 74.2 | 18 |
| Finance companies; debt securities; liability | FA614122005 | 44.1 | -43.8 | -20.2 | 100.8 | -46.9 | -119.3 | -15.3 | -21.0 | 18.1 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 31.0 | 69.3 | 42.2 | -37.8 | 145.1 | 33.8 | 27.5 | 24.9 | 94.8 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -1.7 | -10.0 | 9.9 | 331.7 | -308.7 | -57.2 | 73.8 | 49.8 | 32.7 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -46.9 | 40.9 | 131.7 | 370.0 | 274.8 | -151.5 | 33.6 | -157.8 | 318.7 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 9.3 | -5.7 | -24.7 | -71.3 | -31.3 | -20.3 | 23.9 | 177.0 | -94.8 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 145.3 | 112.6 | 6.6 | -939.5 | 365.6 | 107.8 | 492.5 | 790.7 | 57.7 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1972.1 | 1950.7 | 6187.7 | 5067.1 | 14027.4 | 2063.6 | 3592.6 | 4100.6 | 3710.3 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 855.8 | 377.2 | -195.4 | 487.3 | -208.3 | -1287.0 | 226.3 | -1763.7 | 198.8 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 825.8 | 258.7 | -475.8 | 237.0 | -858.1 | -1328.1 | 46.1 | -1829.8 | -769.8 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 19.1 | 69.3 | 52.5 | 183.6 | 83.6 | -15.3 | -41.9 | -88.4 | 113.6 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 1.9 | 1.0 | 3.0 | -14.2 | 14.9 | 6.7 | 4.8 | 7.6 | -3.3 | 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 | 8.9 | 48.2 | 224.8 | 80.9 | 551.4 | 49.8 | 217.3 | 146.9 | 858.3 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 974.4 | 1132.2 | 6338.7 | 5871.6 | 13226.1 | 3384.8 | 2872.4 | 5104.7 | 2532.9 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -379.4 | -137.5 | 3217.0 | 4281.5 | 6046.3 | 1304.3 | 1235.7 | 1610.4 | 1486.6 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 76.4 | 243.0 | 1003.5 | 645.1 | 1225.2 | 1108.4 | 1035.2 | 1898.7 | 987.0 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 26.4 | -30.1 | -12.6 | 104.5 | -74.6 | -55.0 | -25.4 | -52.5 | -1.7 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 5.1 | 13.2 | 6.1 | -3.5 | 16.1 | 3.0 | 9.0 | 16.9 | -7.9 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -9.1 | 11.1 | 88.8 | 11.5 | 133.9 | 115.2 | 94.7 | 277.5 | 11.3 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 43.7 | 29.7 | 53.1 | 67.9 | 65.6 | 106.5 | -27.6 | 94.1 | 126.2 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 90.3 | 122.1 | 184.3 | 290.7 | 56.6 | 304.4 | 85.6 | 73.8 | 73.2 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 82.3 | 47.5 | 92.2 | 139.4 | 48.7 | 72.1 | 108.6 | 24.6 | 91.1 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 309.2 | 113.5 | 147.7 | 183.2 | 199.5 | 119.0 | 89.1 | 148.6 | 240.5 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -135.1 | 52.4 | -21.5 | -34.3 | 105.0 | 160.3 | 178.0 | 126.7 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 181.7 | 319.0 | 1004.0 | 1797.0 | 4315.6 | -1310.8 | -785.6 | 477.2 | -1072.0 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 185.0 | 356.5 | 339.7 | -1048.2 | 436.5 | 1228.2 | 742.3 | 1191.8 | 285.1 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 2.3 | 3.2 | 0.8 | 3.6 | -0.7 | -0.2 | 0.7 | 10.3 | 4.0 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 99.0 | 148.3 | 202.9 | 43.2 | 340.9 | 225.4 | 201.9 | 172.6 | 251.3 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 4.0 | 52.8 | 46.7 | -8.1 | 251.2 | 57.9 | -114.3 | -113.0 | -102.6 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 8.1 | 12.6 | -2.7 | -4.0 | -5.8 | -4.1 | 3.1 | -7.0 | -4.6 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -4.5 | -0.5 | 9.7 | 7.4 | 16.4 | 5.9 | 9.2 | 5.9 | 34.2 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 30.8 | 46.9 | -154.6 | -596.4 | -19.6 | -15.9 | 13.6 | -27.2 | -38.4 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 149.2 | -52.5 | -48.2 | 231.6 | -23.5 | -167.0 | -233.7 | -774.2 | 93.6 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 31.1 | 29.0 | -8.6 | -39.9 | 9.1 | -32.0 | 28.5 | 115.1 | -13.7 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -13.9 | -60.6 | 116.5 | -213.4 | 222.9 | 214.7 | 241.7 | -216.9 | -37.1 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 141.9 | 441.4 | 44.4 | -1291.8 | 1009.6 | -34.3 | 494.0 | 759.6 | 978.6 | 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: September 23, 2021