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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 53007.9 | 56245.8 | 53787.2 | 54598.5 | 54916.3 | 56245.8 | 57241.3 | 57334.0 | 57831.4 | 1 |
| All sectors; open market paper; liability | FL893169175 | 925.5 | 1089.4 | 1109.8 | 1090.0 | 1076.0 | 1089.4 | 1177.2 | 1201.5 | 1199.3 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 23600.9 | 25284.7 | 23943.0 | 24301.5 | 24249.9 | 25284.7 | 26016.5 | 26050.7 | 26468.7 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 10086.7 | 10699.1 | 10226.4 | 10407.5 | 10535.9 | 10699.1 | 10926.8 | 11195.4 | 11442.4 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3988.8 | 4066.7 | 4015.5 | 4038.7 | 4057.0 | 4066.7 | 4045.2 | 4049.5 | 4032.8 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 14406.1 | 15106.0 | 14492.6 | 14760.9 | 14997.5 | 15106.0 | 15075.6 | 14836.9 | 14688.2 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 53007.9 | 56245.8 | 53787.2 | 54598.5 | 54916.3 | 56245.8 | 57241.3 | 57334.0 | 57831.4 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 34282.6 | 36248.9 | 34784.7 | 35191.4 | 35226.5 | 36248.9 | 37050.2 | 37040.4 | 37455.4 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 201.7 | 200.1 | 202.2 | 202.1 | 201.0 | 200.1 | 202.1 | 199.8 | 199.1 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7277.3 | 7492.7 | 7412.2 | 7442.1 | 7512.9 | 7492.7 | 7587.9 | 7542.7 | 7551.2 | 10 |
| Federal government; debt securities; liability | FL314122005 | 23621.1 | 25304.5 | 23962.8 | 24321.4 | 24269.4 | 25304.5 | 26035.9 | 26070.4 | 26488.1 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3182.7 | 3251.6 | 3207.4 | 3225.8 | 3243.1 | 3251.6 | 3224.3 | 3227.6 | 3216.9 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 14971.3 | 15764.6 | 15117.2 | 15362.7 | 15479.7 | 15764.6 | 16161.4 | 16497.3 | 16709.4 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 436.9 | 342.0 | 418.8 | 368.9 | 336.3 | 342.0 | 375.6 | 417.9 | 420.9 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 65.3 | 60.4 | 66.0 | 58.7 | 52.4 | 60.4 | 84.8 | 104.1 | 104.7 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 7638.1 | 8177.6 | 7775.1 | 7928.1 | 8041.7 | 8177.6 | 8372.6 | 8591.9 | 8785.7 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2428.3 | 2501.8 | 2431.4 | 2459.6 | 2474.7 | 2501.8 | 2534.7 | 2583.8 | 2637.4 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1223.7 | 1379.9 | 1228.7 | 1255.5 | 1307.2 | 1379.9 | 1417.3 | 1445.1 | 1461.2 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 815.2 | 769.1 | 795.0 | 799.0 | 761.7 | 769.1 | 768.2 | 785.0 | 812.9 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 581.9 | 634.5 | 588.7 | 614.4 | 616.0 | 634.5 | 643.2 | 653.0 | 651.3 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 183.9 | 217.7 | 196.3 | 204.5 | 214.6 | 217.7 | 260.8 | 249.2 | 223.6 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1479.9 | 1544.9 | 1442.2 | 1524.8 | 1517.7 | 1544.9 | 1531.1 | 1516.6 | 1470.7 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 118.2 | 136.7 | 174.9 | 149.3 | 157.5 | 136.7 | 173.0 | 150.6 | 141.0 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 3753.9 | 4232.4 | 3885.3 | 4044.5 | 4210.2 | 4232.4 | 4029.7 | 3796.3 | 3666.6 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 55641.9 | 57382.2 | 55032.6 | 56351.1 | 56419.6 | 57382.2 | 56009.3 | 54156.0 | 52954.5 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6282.1 | 5500.4 | 5579.7 | 5678.8 | 5860.8 | 5500.4 | 5843.4 | 6282.6 | 6938.2 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 3936.8 | 2883.4 | 3338.8 | 3192.3 | 3294.8 | 2883.4 | 3305.2 | 3594.1 | 4305.9 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 364.3 | 384.0 | 334.5 | 362.5 | 370.3 | 384.0 | 360.7 | 384.1 | 344.8 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 82.3 | 80.8 | 79.8 | 80.0 | 79.3 | 80.8 | 76.8 | 78.8 | 86.8 | 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 | 1898.1 | 2151.8 | 1826.1 | 2043.6 | 2116.0 | 2151.8 | 2100.2 | 2225.1 | 2200.2 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 36105.6 | 38275.3 | 36345.6 | 37214.5 | 37082.7 | 38275.3 | 36980.3 | 35168.5 | 33689.6 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 7422.2 | 8733.2 | 7548.3 | 8010.8 | 8412.3 | 8733.2 | 8470.4 | 8043.4 | 7507.3 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 5202.1 | 6318.7 | 5568.0 | 5825.0 | 6055.2 | 6318.7 | 6242.0 | 6016.2 | 5659.3 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 313.5 | 286.1 | 294.7 | 289.4 | 289.5 | 286.1 | 280.8 | 295.5 | 304.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 41.3 | 47.5 | 43.8 | 42.4 | 47.3 | 47.5 | 47.8 | 51.3 | 54.5 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 311.1 | 403.1 | 374.2 | 375.9 | 387.2 | 403.1 | 414.7 | 425.8 | 400.8 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1270.2 | 1320.1 | 1249.7 | 1308.4 | 1311.6 | 1320.1 | 1231.8 | 1179.5 | 1144.9 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 4431.1 | 4452.1 | 4247.6 | 4368.4 | 4412.2 | 4452.1 | 4170.6 | 3912.5 | 3759.9 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1719.6 | 1684.4 | 1639.6 | 1686.4 | 1682.7 | 1684.4 | 1579.9 | 1506.6 | 1449.0 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2326.6 | 2483.6 | 2317.7 | 2332.6 | 2140.4 | 2483.6 | 2512.1 | 2535.2 | 2580.0 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 1074.6 | 1209.1 | 1083.2 | 1171.2 | 1173.4 | 1209.1 | 1144.9 | 1068.6 | 1028.8 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 3525.2 | 2568.8 | 3606.1 | 3185.2 | 2534.5 | 2568.8 | 2514.9 | 2224.6 | 2113.2 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 5539.5 | 5897.7 | 5586.2 | 5762.3 | 5861.0 | 5897.7 | 5559.5 | 5085.8 | 4785.2 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 175.7 | 186.6 | 178.3 | 183.1 | 185.7 | 186.6 | 173.4 | 159.0 | 151.0 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 1041.5 | 1214.4 | 1057.7 | 1133.5 | 1173.0 | 1214.4 | 1179.3 | 1172.0 | 1177.0 | 46 |
| Government-sponsored enterprises; debt securities; asset | LM404022005 | 520.1 | 430.2 | 471.9 | 450.5 | 440.1 | 430.2 | 432.8 | 404.3 | 398.8 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 30.3 | 31.9 | 28.6 | 27.4 | 28.7 | 31.9 | 34.5 | 35.7 | 36.3 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 73.6 | 98.7 | 69.7 | 77.6 | 83.8 | 98.7 | 90.6 | 83.9 | 83.3 | 49 |
| Real estate investment trusts; debt securities; asset | LM644022005 | 236.8 | 200.2 | 223.2 | 216.1 | 197.3 | 200.2 | 192.6 | 171.5 | 183.4 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 389.1 | 196.6 | 187.2 | 216.3 | 204.4 | 196.6 | 138.9 | 175.5 | 246.2 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 122.4 | 146.4 | 145.5 | 144.1 | 139.1 | 146.4 | 148.9 | 166.4 | 176.4 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 339.1 | 366.0 | 424.4 | 408.0 | 323.4 | 366.0 | 419.8 | 455.0 | 449.9 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 13254.2 | 13606.6 | 13107.3 | 13457.8 | 13476.0 | 13606.6 | 13185.6 | 12704.8 | 12326.7 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | -2634.0 | -1136.4 | -1245.4 | -1752.6 | -1503.3 | -1136.4 | 1232.0 | 3178.0 | 4876.9 | 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, 2022