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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 6307.2 | 3277.1 | 3121.7 | 4190.8 | 1138.1 | 4657.9 | 4764.1 | 2993.2 | 2363.1 | 1 |
| All sectors; open market paper; liability | FA893169175 | -58.4 | 27.3 | 116.9 | 9.8 | 174.8 | -192.4 | 30.6 | 252.1 | 297.9 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 4582.2 | 1683.8 | 1077.1 | 2677.5 | -702.0 | 3682.7 | 2587.8 | 1441.8 | 1102.6 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 657.2 | 612.5 | 698.1 | 600.9 | 565.0 | 585.8 | 1039.2 | 949.8 | 1049.4 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 85.4 | 77.9 | 121.1 | 118.0 | 113.5 | -40.9 | -64.1 | 53.4 | -31.9 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 1040.7 | 875.6 | 1108.5 | 784.7 | 986.8 | 622.6 | 1170.6 | 296.1 | -55.0 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 6307.2 | 3277.1 | 3121.7 | 4190.8 | 1138.1 | 4657.9 | 4764.1 | 2993.2 | 2363.1 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 5316.6 | 1966.2 | 1471.1 | 3068.0 | -225.3 | 3551.0 | 2659.1 | 1573.2 | 1233.3 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -9.9 | -1.6 | 2.3 | -0.6 | -4.2 | -3.9 | 8.3 | -9.5 | -2.5 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 655.1 | 215.4 | 285.0 | 287.1 | 385.0 | -95.4 | 157.6 | 87.8 | 153.8 | 10 |
| Federal government; debt securities; liability | FA314122005 | 4581.2 | 1683.4 | 1075.6 | 2677.5 | -703.3 | 3683.9 | 2586.3 | 1443.1 | 1101.2 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 90.2 | 69.0 | 108.2 | 104.0 | 97.2 | -33.6 | -93.2 | 51.8 | -19.2 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 951.7 | 799.1 | 690.3 | 857.6 | 591.6 | 1057.0 | 1683.2 | 1216.5 | 970.9 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 109.0 | -94.9 | -72.5 | -199.3 | -130.6 | 22.8 | 134.7 | 169.1 | 11.9 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -5.8 | -4.9 | 3.1 | -29.4 | -25.0 | 31.8 | 97.7 | 77.5 | 2.3 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 635.9 | 539.4 | 665.9 | 483.5 | 514.8 | 493.5 | 888.3 | 747.5 | 841.6 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 22.3 | 73.5 | 33.7 | 117.5 | 51.5 | 91.2 | 152.5 | 201.0 | 209.3 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 55.7 | 158.0 | 43.7 | 103.2 | 211.7 | 273.5 | 173.1 | 107.8 | 68.8 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -20.2 | -46.1 | -77.5 | 11.9 | -137.0 | 18.3 | -2.2 | 64.4 | 126.2 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 42.6 | 56.7 | 27.5 | 102.5 | 22.9 | 73.9 | 35.0 | 38.9 | -6.8 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 10.0 | 33.8 | 49.8 | 32.7 | 40.5 | 12.3 | 172.5 | -46.4 | -102.6 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 129.9 | 65.0 | -150.8 | 330.3 | -28.4 | 109.1 | -55.4 | -57.8 | -183.5 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -27.5 | 18.5 | 167.5 | -95.2 | 71.2 | -69.4 | 87.2 | -85.6 | 3.7 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 38.8 | 511.8 | 960.3 | 265.2 | 771.8 | 49.9 | 421.8 | 203.6 | 158.8 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 6307.2 | 3277.1 | 3121.7 | 4190.8 | 1138.1 | 4657.9 | 4764.1 | 2993.2 | 2363.1 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -366.7 | -508.1 | -3125.0 | 1076.0 | 565.6 | -549.0 | 697.5 | 2524.0 | 1766.9 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -625.4 | -867.5 | -3083.3 | 166.9 | 199.0 | -752.5 | 465.3 | 1661.3 | 1588.1 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 35.9 | 24.4 | -82.5 | 104.0 | 27.3 | 48.7 | -41.8 | 107.4 | -136.2 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 3.0 | 2.7 | 7.6 | -3.3 | -0.5 | 6.8 | 3.9 | 21.2 | 21.9 | 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 | 219.8 | 332.4 | 33.2 | 808.5 | 339.8 | 148.0 | 270.1 | 734.1 | 293.2 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 6429.1 | 3084.5 | 5160.5 | 2635.1 | 293.9 | 4248.3 | 2805.7 | -140.3 | -202.9 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 3217.0 | 1537.1 | 1610.4 | 1486.6 | 1707.1 | 1344.3 | 782.3 | -150.0 | -523.0 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 1010.2 | 1239.0 | 1903.7 | 980.3 | 940.2 | 1132.1 | 892.6 | -194.8 | -648.2 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -12.6 | -12.5 | -12.3 | -42.4 | 10.1 | -5.5 | 59.1 | 122.2 | 97.9 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 6.1 | 7.9 | 16.9 | -7.9 | 20.5 | 2.0 | 13.1 | 22.1 | 22.9 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 88.8 | 101.5 | 277.5 | -6.7 | 55.1 | 79.9 | 120.2 | 97.2 | -28.8 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 53.3 | 71.0 | 91.0 | 122.1 | 36.8 | 34.2 | 21.5 | 72.9 | 99.8 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 184.9 | 171.2 | 110.0 | 42.1 | 295.0 | 237.6 | 285.0 | 117.1 | 283.0 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 82.0 | 48.3 | 29.0 | 65.9 | 44.1 | 54.4 | 57.8 | 70.9 | 84.8 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 147.8 | 159.1 | 149.0 | 240.8 | -858.2 | 1104.9 | 308.4 | 280.3 | 77.1 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 74.6 | 186.9 | 250.4 | 275.7 | 47.2 | 174.3 | 76.7 | -54.1 | 60.0 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 1088.7 | -956.4 | 294.6 | -1111.3 | -2822.5 | -186.4 | -248.6 | -565.0 | -670.2 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 323.4 | 595.3 | 1163.5 | 317.4 | 630.2 | 269.9 | 327.5 | -638.0 | -122.8 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.8 | 9.2 | 10.4 | 8.0 | 10.4 | 7.9 | 0.3 | 0.6 | -2.1 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 195.0 | 202.0 | 179.8 | 247.8 | 176.0 | 204.6 | 111.0 | 213.7 | 217.5 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 46.7 | -71.2 | -113.0 | -102.6 | -33.8 | -35.3 | 93.5 | -60.0 | 37.0 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -2.7 | 1.5 | -7.0 | -4.6 | 5.2 | 12.5 | 10.5 | 4.8 | 2.5 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 9.7 | 29.3 | 1.3 | 24.7 | 28.5 | 62.8 | 0.8 | 0.8 | 17.9 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | -154.5 | -30.2 | -29.0 | -37.6 | -73.1 | 18.8 | 11.9 | -58.7 | 74.2 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -74.0 | -174.4 | -679.0 | 93.2 | 28.2 | -139.8 | -127.3 | 153.2 | 385.1 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | -8.7 | 29.4 | 115.1 | -13.7 | -16.2 | 32.4 | 46.6 | 97.6 | 73.6 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 152.7 | -59.6 | -201.9 | 57.2 | 63.4 | -157.2 | -37.1 | 327.0 | 258.9 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 244.8 | 700.8 | 1086.2 | 479.7 | 278.6 | 958.6 | 1260.8 | 609.6 | 799.1 | 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: December 9, 2022