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 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 6308.6 | 3275.7 | 3156.1 | 1139.3 | 4652.6 | 4772.7 | 2857.0 | 2673.4 | 2321.1 | 1 |
| All sectors; open market paper; liability | FA893169175 | -58.4 | 27.3 | 151.9 | 186.4 | -206.4 | 46.8 | 180.3 | 233.2 | 147.5 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 4582.2 | 1683.8 | 1546.9 | -702.0 | 3682.7 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 657.2 | 612.5 | 1018.3 | 565.0 | 585.8 | 1039.2 | 949.8 | 1049.4 | 1035.0 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 85.8 | 77.2 | -57.5 | 113.8 | -42.4 | -63.0 | 50.6 | -32.4 | -185.2 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 1041.8 | 875.0 | 496.4 | 976.0 | 632.7 | 1161.9 | 234.5 | 320.6 | 268.6 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 6308.6 | 3275.7 | 3156.1 | 1139.3 | 4652.6 | 4772.7 | 2857.0 | 2673.4 | 2321.1 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 5316.5 | 1964.3 | 1542.9 | -225.2 | 3546.1 | 2666.9 | 1440.9 | 1249.0 | 814.7 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -9.9 | -1.6 | -0.7 | -4.2 | -4.0 | 8.3 | -9.6 | -2.9 | 1.4 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 654.7 | 214.4 | 54.6 | 384.8 | -98.4 | 165.4 | -42.5 | 169.3 | -73.9 | 10 |
| Federal government; debt securities; liability | FA314122005 | 4581.2 | 1683.4 | 1546.9 | -703.3 | 3683.9 | 2586.3 | 1443.1 | 1101.2 | 1057.0 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 90.5 | 68.1 | -57.9 | 97.4 | -35.4 | -93.0 | 49.8 | -18.6 | -169.8 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 953.3 | 799.6 | 1366.6 | 592.8 | 1056.6 | 1684.0 | 1221.6 | 993.2 | 1567.7 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 109.0 | -94.9 | 124.4 | -130.6 | 22.8 | 134.7 | 169.1 | 24.1 | 169.9 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -5.8 | -4.9 | 51.9 | -25.0 | 31.8 | 97.7 | 77.5 | 5.9 | 26.5 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 635.9 | 539.4 | 832.2 | 514.8 | 493.5 | 888.3 | 747.5 | 841.6 | 851.5 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 22.3 | 73.5 | 186.1 | 51.5 | 91.2 | 152.5 | 201.0 | 209.3 | 181.7 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 57.3 | 158.5 | 81.7 | 212.8 | 272.9 | 175.3 | 111.3 | 71.6 | -31.3 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -20.2 | -46.1 | 44.0 | -137.0 | 18.3 | -2.2 | 64.4 | 123.0 | -9.5 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 42.6 | 56.8 | 32.2 | 22.9 | 74.1 | 33.6 | 40.6 | -8.4 | 63.1 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 10.0 | 33.8 | 18.4 | 40.5 | 12.3 | 172.5 | -46.4 | -102.6 | 50.0 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 129.9 | 65.0 | -3.2 | -28.4 | 109.1 | -55.4 | -57.9 | -176.1 | 276.7 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -27.5 | 18.5 | -1.2 | 71.2 | -69.4 | 87.2 | -85.6 | 4.7 | -11.0 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 38.8 | 511.8 | 246.5 | 771.8 | 49.9 | 421.8 | 194.5 | 431.2 | -61.4 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 6308.6 | 3275.7 | 3156.1 | 1139.3 | 4652.6 | 4772.7 | 2857.0 | 2673.4 | 2321.1 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -367.9 | -493.1 | 1899.2 | 593.4 | -456.8 | 635.9 | 2529.0 | 2015.3 | 2416.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -626.6 | -852.5 | 1542.3 | 226.8 | -660.3 | 403.8 | 1666.3 | 1888.5 | 2210.7 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 35.9 | 24.4 | 22.0 | 27.3 | 48.7 | -41.8 | 107.4 | -136.2 | 158.8 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 3.0 | 2.7 | 12.5 | -0.5 | 6.8 | 3.9 | 21.2 | 21.9 | 3.0 | 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 | 322.3 | 339.8 | 148.0 | 270.1 | 734.1 | 241.2 | 43.9 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 6431.8 | 3068.1 | 292.5 | 267.4 | 4150.8 | 2876.0 | -286.6 | -360.3 | -1059.1 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 3217.0 | 1537.1 | -175.5 | 1707.1 | 1344.3 | 782.3 | -150.0 | -523.0 | -811.2 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 1010.2 | 1239.9 | -109.6 | 940.1 | 1132.0 | 892.7 | -195.0 | -649.3 | -486.8 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -12.6 | -12.5 | 61.2 | 10.1 | -5.5 | 59.1 | 122.2 | 97.9 | -34.5 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 6.1 | 7.9 | 10.5 | 20.5 | 2.0 | 13.1 | 22.1 | 22.9 | -16.3 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 88.8 | 101.5 | 32.8 | 55.1 | 79.9 | 120.4 | 49.5 | -4.2 | -34.3 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 53.3 | 71.0 | 77.5 | 36.8 | 34.2 | 21.5 | 72.9 | 96.7 | 119.0 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 184.9 | 171.2 | 246.8 | 295.0 | 237.6 | 285.0 | 117.1 | 266.3 | 319.0 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 82.0 | 46.2 | 63.3 | 43.9 | 52.8 | 58.1 | 53.2 | 70.0 | 72.0 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 147.8 | 159.1 | 241.6 | -858.2 | 1104.9 | 308.4 | 280.3 | 77.1 | 300.8 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 77.3 | 177.9 | 13.0 | 13.5 | 112.5 | 98.2 | -81.4 | -56.7 | 91.9 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 1088.7 | -956.4 | -546.8 | -2822.5 | -186.4 | -248.6 | -565.0 | -670.2 | -703.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 323.4 | 595.2 | -141.1 | 630.1 | 269.8 | 333.9 | -635.2 | -43.2 | -219.8 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.8 | 9.2 | -0.6 | 10.4 | 7.9 | 0.3 | 0.6 | -2.1 | -1.3 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 195.0 | 202.0 | 200.2 | 176.0 | 204.6 | 111.0 | 213.7 | 209.8 | 266.2 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 46.7 | -71.2 | 12.1 | -33.8 | -35.3 | 93.5 | -60.0 | 37.0 | -22.1 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -2.7 | 1.5 | 4.6 | 5.2 | 12.5 | 10.5 | 4.8 | 2.5 | 0.4 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 9.7 | 29.3 | -1.0 | 28.5 | 62.8 | 0.8 | 0.8 | 19.7 | -25.2 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | -154.5 | -30.2 | -1.1 | -73.1 | 18.8 | 12.0 | -41.0 | 57.8 | -33.2 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -74.0 | -174.4 | 135.8 | 28.2 | -139.8 | -126.9 | 152.8 | 385.9 | 131.3 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | -8.7 | 29.4 | 59.9 | -16.2 | 32.4 | 46.6 | 97.6 | 73.6 | 21.6 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 152.6 | -65.7 | 109.0 | 70.7 | -191.1 | 4.2 | 253.4 | 171.6 | 6.7 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 244.8 | 700.8 | 964.4 | 278.6 | 958.6 | 1260.8 | 614.6 | 1018.4 | 963.8 | 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: March 9, 2023