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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 46707.5 | 53093.6 | 47725.1 | 51188.9 | 51903.5 | 53093.6 | 53782.6 | 54522.1 | 54816.1 | 1 |
| All sectors; open market paper; liability | FL893169175 | 1045.2 | 986.9 | 1088.8 | 1006.6 | 956.9 | 986.9 | 1105.2 | 1085.4 | 1071.4 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 19018.7 | 23600.9 | 19518.4 | 22370.7 | 22900.4 | 23600.9 | 23943.0 | 24301.5 | 24249.9 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 9429.5 | 10086.7 | 9769.1 | 9743.7 | 9866.2 | 10086.7 | 10226.4 | 10407.5 | 10535.9 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3894.3 | 3978.7 | 3900.8 | 3921.5 | 3956.4 | 3978.7 | 4005.1 | 4027.9 | 4035.6 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 13319.8 | 14440.5 | 13448.0 | 14146.5 | 14223.5 | 14440.5 | 14503.0 | 14699.8 | 14923.2 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 46707.5 | 53093.6 | 47725.1 | 51188.9 | 51903.5 | 53093.6 | 53782.6 | 54522.1 | 54816.1 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 28930.5 | 34209.2 | 29668.1 | 32900.8 | 33481.3 | 34209.2 | 34696.2 | 35084.1 | 35107.4 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 212.8 | 202.5 | 209.8 | 207.6 | 206.2 | 202.5 | 203.2 | 202.9 | 201.8 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6582.9 | 7200.1 | 6816.9 | 7178.1 | 7195.5 | 7200.1 | 7319.3 | 7330.8 | 7400.4 | 10 |
| Federal government; debt securities; liability | FL314122005 | 19039.9 | 23621.1 | 19539.6 | 22391.7 | 22920.6 | 23621.1 | 23962.8 | 24321.4 | 24269.4 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3094.9 | 3185.6 | 3101.7 | 3123.5 | 3158.9 | 3185.6 | 3210.9 | 3228.9 | 3235.7 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 13976.6 | 14874.3 | 14592.4 | 14563.3 | 14597.9 | 14874.3 | 15052.9 | 15351.2 | 15492.4 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 209.7 | 271.0 | 232.9 | 242.3 | 251.4 | 271.0 | 283.8 | 283.4 | 276.5 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 38.5 | 35.9 | 51.1 | 43.3 | 36.1 | 35.9 | 40.7 | 42.1 | 40.8 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 7002.2 | 7638.1 | 7318.1 | 7305.1 | 7417.7 | 7638.1 | 7775.1 | 7928.1 | 8041.7 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2406.0 | 2428.3 | 2429.8 | 2417.6 | 2428.4 | 2428.3 | 2431.4 | 2459.6 | 2474.7 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1180.2 | 1225.6 | 1233.1 | 1221.3 | 1220.4 | 1225.6 | 1230.3 | 1255.3 | 1299.3 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 835.4 | 815.2 | 859.4 | 849.0 | 816.4 | 815.2 | 795.0 | 799.0 | 762.6 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 539.3 | 580.8 | 529.9 | 565.4 | 573.8 | 580.8 | 587.3 | 612.2 | 613.8 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 173.9 | 183.9 | 256.9 | 179.7 | 165.4 | 183.9 | 196.3 | 204.5 | 214.6 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1445.7 | 1577.3 | 1538.1 | 1606.8 | 1568.9 | 1577.3 | 1538.0 | 1617.7 | 1610.9 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 145.7 | 118.2 | 143.1 | 132.9 | 119.2 | 118.2 | 174.9 | 149.3 | 157.5 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 3800.4 | 4010.1 | 3464.6 | 3724.8 | 3824.3 | 4010.1 | 4033.6 | 4086.8 | 4216.3 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 47820.0 | 55722.5 | 49221.2 | 53523.0 | 54184.0 | 55722.5 | 54927.4 | 56178.6 | 56201.3 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6815.9 | 6935.9 | 6806.2 | 6717.9 | 6514.6 | 6935.9 | 6231.3 | 6158.8 | 6421.8 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4770.1 | 4564.4 | 4623.7 | 4374.3 | 4177.0 | 4564.4 | 3941.1 | 3619.1 | 3798.8 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 326.6 | 381.3 | 374.5 | 394.9 | 391.7 | 381.3 | 346.1 | 372.9 | 388.6 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 80.0 | 86.6 | 82.6 | 85.8 | 86.8 | 86.6 | 84.0 | 84.3 | 83.5 | 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 | 1638.6 | 1903.2 | 1724.8 | 1862.4 | 1858.6 | 1903.2 | 1859.6 | 2082.0 | 2150.3 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 28757.8 | 35880.5 | 30237.8 | 34104.4 | 34946.4 | 35880.5 | 36011.7 | 36938.0 | 36785.8 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 4011.9 | 7422.2 | 5312.9 | 6847.7 | 7163.7 | 7422.2 | 7548.3 | 8010.8 | 8399.6 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 4083.5 | 5124.1 | 4271.9 | 4588.3 | 4866.7 | 5124.1 | 5485.2 | 5740.5 | 5972.4 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 309.0 | 313.5 | 340.2 | 334.4 | 319.4 | 313.5 | 294.7 | 289.4 | 289.5 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 33.6 | 41.3 | 34.0 | 38.8 | 39.3 | 41.3 | 43.8 | 42.4 | 47.3 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 221.3 | 311.1 | 235.2 | 267.5 | 290.9 | 311.1 | 374.2 | 374.8 | 390.4 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1192.8 | 1270.2 | 1184.1 | 1248.6 | 1270.6 | 1270.2 | 1243.6 | 1296.6 | 1293.3 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 4023.0 | 4431.5 | 3964.5 | 4257.3 | 4345.0 | 4431.5 | 4221.9 | 4333.3 | 4369.0 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1565.8 | 1723.9 | 1601.1 | 1678.3 | 1692.1 | 1723.9 | 1642.8 | 1694.7 | 1703.8 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2177.4 | 2326.5 | 2181.6 | 2185.0 | 2232.0 | 2326.5 | 2317.5 | 2332.4 | 2141.7 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 970.9 | 1068.0 | 977.2 | 1003.3 | 1026.3 | 1068.0 | 1068.9 | 1172.1 | 1158.3 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 2181.3 | 3185.3 | 2568.7 | 3544.2 | 3290.6 | 3185.3 | 3234.3 | 2864.5 | 2295.5 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 5216.2 | 5681.7 | 4861.5 | 5158.6 | 5460.7 | 5681.7 | 5736.3 | 5932.8 | 5918.1 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 171.5 | 175.7 | 151.5 | 162.0 | 166.2 | 175.7 | 178.2 | 183.0 | 185.2 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 825.0 | 1065.5 | 830.5 | 944.1 | 1007.1 | 1065.5 | 1079.9 | 1156.5 | 1201.0 | 46 |
| Government-sponsored enterprises; debt securities; asset | LM404022005 | 467.7 | 520.1 | 484.2 | 547.9 | 557.0 | 520.1 | 471.9 | 450.5 | 440.1 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 33.0 | 30.3 | 32.0 | 30.6 | 29.5 | 30.3 | 28.6 | 27.4 | 28.7 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 60.0 | 73.6 | 58.8 | 68.2 | 69.9 | 73.6 | 69.7 | 77.6 | 83.8 | 49 |
| Real estate investment trusts; debt securities; asset | LM644022005 | 386.7 | 236.9 | 246.3 | 241.8 | 234.8 | 236.9 | 223.7 | 216.4 | 197.4 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 450.6 | 390.7 | 507.7 | 500.6 | 433.7 | 390.7 | 189.0 | 218.3 | 206.7 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 126.8 | 122.4 | 121.5 | 125.1 | 116.1 | 122.4 | 145.5 | 144.1 | 139.1 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 250.0 | 365.8 | 272.2 | 332.2 | 334.6 | 365.8 | 413.6 | 380.0 | 325.1 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 12246.3 | 12906.1 | 12177.2 | 12700.8 | 12723.0 | 12906.1 | 12684.4 | 13081.8 | 12993.7 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | -1112.5 | -2628.9 | -1496.1 | -2334.1 | -2280.6 | -2628.9 | -1144.8 | -1656.5 | -1385.2 | 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: December 9, 2021