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 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 44455.6 | 46681.1 | 53065.7 | 47698.3 | 51162.3 | 51874.2 | 53065.7 | 53792.7 | 54539.2 | 1 |
| All sectors; open market paper; liability | FL893169175 | 996.0 | 1045.2 | 986.9 | 1088.8 | 1006.6 | 956.9 | 986.9 | 1105.1 | 1085.2 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 17842.1 | 19018.7 | 23600.9 | 19518.4 | 22370.7 | 22900.4 | 23600.9 | 23943.0 | 24301.5 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 9112.6 | 9429.5 | 10086.7 | 9769.1 | 9743.7 | 9866.2 | 10086.7 | 10226.4 | 10407.5 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3860.5 | 3869.5 | 3952.9 | 3875.5 | 3895.4 | 3929.7 | 3952.9 | 3979.7 | 4002.4 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 12644.5 | 13318.1 | 14438.4 | 13446.5 | 14145.9 | 14220.9 | 14438.4 | 14538.4 | 14742.6 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 44455.6 | 46681.1 | 53065.7 | 47698.3 | 51162.3 | 51874.2 | 53065.7 | 53792.7 | 54539.2 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 27464.5 | 28903.4 | 34181.0 | 29640.7 | 32872.7 | 33450.7 | 34181.0 | 34666.2 | 35054.8 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 216.0 | 212.8 | 202.8 | 209.8 | 207.6 | 206.3 | 202.8 | 203.5 | 203.3 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6310.2 | 6580.5 | 7198.2 | 6814.7 | 7175.9 | 7191.5 | 7198.2 | 7315.3 | 7327.9 | 10 |
| Federal government; debt securities; liability | FL314122005 | 17865.0 | 19039.9 | 23621.1 | 19539.6 | 22391.7 | 22920.6 | 23621.1 | 23962.8 | 24321.4 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3073.2 | 3070.2 | 3158.9 | 3076.5 | 3097.6 | 3132.3 | 3158.9 | 3184.6 | 3202.3 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 13585.1 | 13977.3 | 14874.6 | 14593.0 | 14564.8 | 14599.2 | 14874.6 | 15065.7 | 15356.5 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 247.5 | 209.7 | 268.5 | 232.9 | 242.3 | 251.4 | 268.5 | 278.7 | 276.4 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 40.8 | 38.5 | 35.4 | 51.1 | 43.3 | 36.1 | 35.4 | 39.8 | 40.7 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6797.3 | 7002.2 | 7638.1 | 7318.1 | 7305.1 | 7417.7 | 7638.1 | 7775.1 | 7928.1 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2292.3 | 2406.0 | 2428.3 | 2429.8 | 2417.6 | 2428.4 | 2428.3 | 2431.4 | 2459.6 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1120.9 | 1180.7 | 1225.2 | 1233.6 | 1221.8 | 1220.8 | 1225.2 | 1229.4 | 1249.0 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 879.2 | 835.4 | 815.2 | 859.4 | 849.0 | 816.4 | 815.2 | 809.1 | 814.7 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 470.0 | 539.3 | 581.5 | 529.9 | 566.2 | 574.6 | 581.5 | 587.7 | 611.4 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 184.0 | 174.0 | 183.9 | 256.9 | 179.7 | 165.4 | 183.9 | 196.3 | 204.5 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1401.7 | 1445.7 | 1577.5 | 1538.2 | 1606.9 | 1569.1 | 1577.5 | 1538.0 | 1617.7 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 151.4 | 145.7 | 121.0 | 143.1 | 132.9 | 119.2 | 121.0 | 180.1 | 154.6 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 3406.1 | 3800.4 | 4010.1 | 3464.6 | 3724.8 | 3824.3 | 4010.1 | 4060.8 | 4127.9 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 43710.6 | 47789.8 | 55690.5 | 49191.6 | 53493.1 | 54151.5 | 55690.5 | 54933.2 | 56192.4 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6288.9 | 6786.1 | 6878.0 | 6768.8 | 6673.7 | 6462.8 | 6878.0 | 6260.2 | 6340.0 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4424.1 | 4727.1 | 4492.7 | 4573.8 | 4316.5 | 4111.8 | 4492.7 | 3953.5 | 3772.1 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 253.2 | 326.6 | 381.0 | 374.5 | 394.9 | 391.4 | 381.0 | 349.5 | 380.0 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 75.8 | 80.0 | 86.6 | 82.6 | 85.8 | 86.8 | 86.6 | 84.0 | 84.3 | 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 | 1535.2 | 1651.8 | 1917.2 | 1737.4 | 1876.0 | 1872.3 | 1917.2 | 1872.8 | 2103.1 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 26235.7 | 28757.5 | 35906.3 | 30245.6 | 34118.7 | 34965.7 | 35906.3 | 35988.7 | 36851.9 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 3982.6 | 4011.9 | 7422.2 | 5312.9 | 6847.7 | 7163.7 | 7422.2 | 7548.3 | 8010.8 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3760.5 | 4083.6 | 5124.6 | 4272.2 | 4588.7 | 4867.1 | 5124.6 | 5485.8 | 5741.0 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 318.1 | 309.0 | 313.5 | 340.2 | 334.4 | 319.4 | 313.5 | 284.7 | 289.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 19.5 | 33.6 | 41.3 | 34.0 | 38.8 | 39.3 | 41.3 | 43.8 | 42.4 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 201.8 | 221.3 | 311.1 | 235.2 | 267.5 | 290.9 | 311.1 | 374.2 | 380.4 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1118.6 | 1192.8 | 1270.2 | 1184.1 | 1248.6 | 1270.6 | 1270.2 | 1243.6 | 1296.6 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3509.2 | 4023.0 | 4431.5 | 3964.5 | 4257.3 | 4345.0 | 4431.5 | 4221.9 | 4333.3 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1416.1 | 1565.8 | 1723.7 | 1601.1 | 1678.3 | 1692.0 | 1723.7 | 1642.7 | 1694.6 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2061.7 | 2177.4 | 2326.5 | 2181.6 | 2185.0 | 2232.0 | 2326.5 | 2317.5 | 2332.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 975.6 | 970.9 | 1068.0 | 977.2 | 1003.3 | 1026.3 | 1068.0 | 1059.1 | 1108.8 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1862.3 | 2181.3 | 3185.3 | 2568.7 | 3544.2 | 3290.6 | 3185.3 | 3234.3 | 2864.5 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4557.2 | 5216.2 | 5681.7 | 4861.5 | 5158.6 | 5460.7 | 5681.7 | 5736.3 | 5904.0 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 161.0 | 171.5 | 176.0 | 151.8 | 162.2 | 166.4 | 176.0 | 178.5 | 182.5 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 636.1 | 825.0 | 1065.5 | 830.5 | 944.1 | 1007.1 | 1065.5 | 1079.9 | 1156.7 | 46 |
| Government-sponsored enterprises; debt securities; asset | LM404022005 | 408.3 | 467.7 | 520.1 | 484.2 | 547.9 | 557.0 | 520.1 | 471.9 | 450.5 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 20.4 | 33.0 | 30.3 | 32.0 | 30.6 | 29.5 | 30.3 | 28.6 | 27.4 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 55.3 | 60.0 | 73.6 | 58.8 | 68.2 | 69.9 | 73.6 | 70.8 | 81.1 | 49 |
| Real estate investment trusts; debt securities; asset | LM644022005 | 324.5 | 386.7 | 236.7 | 246.3 | 241.7 | 234.7 | 236.7 | 223.6 | 216.3 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 478.9 | 450.2 | 415.9 | 515.2 | 514.4 | 452.3 | 415.9 | 189.0 | 218.3 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 92.2 | 126.7 | 122.4 | 121.4 | 125.1 | 116.1 | 122.4 | 145.5 | 144.1 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 275.7 | 250.0 | 366.1 | 272.2 | 332.2 | 334.9 | 366.1 | 408.6 | 377.0 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 11186.0 | 12246.3 | 12906.1 | 12177.2 | 12700.8 | 12723.0 | 12906.1 | 12684.4 | 13000.5 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | 745.0 | -1108.7 | -2624.7 | -1493.4 | -2330.9 | -2277.3 | -2624.7 | -1140.6 | -1653.2 | 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: September 23, 2021