Financial Accounts of the United States - Z.1
F.213 Corporate and Foreign Bonds
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; corporate and foreign bonds; liability | FA893163005 | 368.4 | 1040.9 | 879.7 | 478.4 | 1163.1 | 201.1 | 240.3 | 309.3 | 727.6 | 1 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163003 | 263.2 | 711.0 | 197.1 | -7.0 | 165.7 | -194.4 | 6.8 | -5.9 | 581.2 | 2 |
| Domestic financial sectors; corporate and foreign bonds; liability | FA793163005 | 106.1 | 272.1 | 238.2 | 189.3 | 241.5 | 97.9 | -130.3 | 548.2 | 30.2 | 3 |
| U.S.-chartered depository institutions; corporate and foreign bonds; liability | FA763163005 | 20.9 | 54.8 | -49.4 | 77.8 | 67.5 | 81.9 | 12.0 | 149.7 | -41.0 | 4 |
| Issuers of asset-backed securities; corporate and foreign bonds; liability (1) | FA673163005 | 23.0 | 32.7 | 180.4 | 17.3 | 7.7 | 54.4 | 45.9 | -39.0 | 70.9 | 5 |
| Finance companies; corporate and foreign bonds; liability | FA613163005 | -42.7 | 1.5 | -45.5 | 46.7 | 13.1 | 30.8 | 100.2 | 42.8 | -52.7 | 6 |
| Real estate investment trusts; corporate and foreign bonds; liability | FA643163005 | 69.3 | 42.6 | 56.8 | 33.8 | 33.6 | 40.4 | -8.2 | 69.5 | 53.2 | 7 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -10.1 | 10.0 | 33.8 | 18.4 | 172.5 | -46.4 | -102.6 | 50.0 | -27.2 | 8 |
| Holding companies; corporate and foreign bonds; liability | FA733163005 | 45.7 | 130.6 | 62.1 | -4.6 | -52.8 | -63.2 | -177.6 | 275.2 | 27.0 | 9 |
| Other financial business; corporate and foreign bonds where the proceeds are down-streamed to broker-dealer subsidiaries by investment banks that are holding-company parents; liability | FA503163003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| Rest of the world; bonds; liability (2) | FA263163005 | -0.9 | 57.8 | 444.4 | 296.1 | 756.0 | 297.6 | 363.8 | -232.9 | 116.3 | 11 |
| All sectors; corporate and foreign bonds; asset (3) | FA893063005 | 368.4 | 1040.9 | 879.7 | 478.4 | 1163.1 | 201.1 | 240.3 | 309.3 | 727.6 | 12 |
| Households and nonprofit organizations; corporate and foreign bonds; asset | FA153063005 | 55.1 | 40.3 | -87.0 | -189.4 | -337.5 | 108.3 | -655.2 | 126.7 | 34.2 | 13 |
| Federal government; corporate bonds issued by commercial banking under TARP; asset | FA313063763 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 14 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -16.6 | -1.2 | -19.5 | -10.5 | -26.0 | -6.1 | -7.2 | -2.6 | 3.5 | 15 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds; asset | FA763063005 | 25.4 | 8.3 | 204.9 | 107.9 | 359.4 | -52.7 | 31.0 | 93.9 | 54.8 | 16 |
| U.S.-chartered depository institutions; private MBS and CMOs; asset | FA763063605 | 6.1 | 3.6 | 31.9 | 14.1 | 49.5 | 17.8 | 2.7 | -13.7 | -4.1 | 17 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds, excluding private MBS and CMOs; asset | FA763063095 | 19.3 | 4.7 | 173.0 | 93.8 | 309.9 | -70.5 | 28.3 | 107.6 | 58.9 | 18 |
| Foreign banking offices in the U.S., including IBFs; corporate and foreign bonds; asset | FA753063005 | -29.1 | 6.8 | 0.8 | 44.3 | 34.9 | 62.9 | 86.7 | -7.4 | -83.6 | 19 |
| Banks in U.S.-affiliated areas; corporate and foreign bonds; asset | FA743063005 | 7.7 | 3.8 | -0.6 | 2.0 | 3.7 | 3.4 | 2.2 | -1.2 | -1.4 | 20 |
| Credit unions; corporate and foreign bonds; asset | FA473063005 | 1.1 | 2.6 | 5.2 | 3.8 | 15.0 | 6.9 | -1.5 | -5.2 | -4.1 | 21 |
| Credit unions; mortgage-backed securities and other asset-backed bonds; asset | FA473063605 | 1.2 | 2.5 | 4.9 | 3.7 | 14.6 | 6.8 | -1.6 | -5.1 | -3.8 | 22 |
| Credit unions; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA473063095 | -0.0 | 0.1 | 0.3 | 0.1 | 0.4 | 0.1 | 0.1 | -0.1 | -0.3 | 23 |
| Property-casualty insurance companies; corporate and foreign bonds, including those held by U.S. residual market reinsurers; asset | FA513063005 | 34.7 | 47.1 | 55.1 | 38.9 | 85.1 | 25.4 | 48.4 | -3.5 | 73.4 | 24 |
| Property-casualty insurance companies; mortgage-backed securities and other asset-backed bonds, including those held by U.S. residual market reinsurers; asset | FA513063605 | 8.0 | 11.0 | 12.0 | 9.5 | -28.9 | 26.4 | 29.9 | 10.6 | 15.4 | 25 |
| Property-casualty insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA513063095 | 26.8 | 36.1 | 43.2 | 29.4 | 114.1 | -1.0 | 18.5 | -14.1 | 58.1 | 26 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 134.9 | 196.0 | 208.0 | 210.9 | 266.9 | 193.7 | 201.6 | 181.6 | 228.4 | 27 |
| Life insurance companies, general accounts; mortgage-backed securities and other asset-backed bonds, including those held by U.S. captive reinsurers; asset | FA543063675 | 23.4 | 32.2 | 30.6 | 31.7 | 239.5 | 93.3 | 94.7 | -300.4 | 41.0 | 28 |
| Life insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA543063095 | 111.5 | 163.8 | 177.4 | 179.2 | 27.4 | 100.4 | 106.9 | 482.1 | 187.4 | 29 |
| Private pension funds; corporate and foreign bonds; asset | FA573063005 | -13.8 | 60.1 | 22.9 | 26.5 | 19.7 | 19.8 | 30.7 | 36.0 | 34.7 | 30 |
| Federal government retirement funds; corporate and foreign bonds; asset | FA343063005 | 1.0 | 0.9 | -1.4 | -0.4 | 0.0 | -2.5 | 0.3 | 0.6 | 0.5 | 31 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | -130.4 | 63.8 | 53.8 | 64.6 | 113.6 | 48.4 | 146.1 | -49.9 | 64.5 | 32 |
| Money market funds; corporate and foreign bonds; asset | FA633063005 | 9.7 | -9.0 | -6.3 | -0.7 | -6.2 | -7.2 | 10.1 | 0.4 | 11.5 | 33 |
| Mutual funds; corporate and foreign bonds; asset (market value) | FA653063005 | 54.0 | 266.3 | 270.5 | -78.2 | 156.0 | -301.8 | 99.5 | -266.4 | 78.1 | 34 |
| Closed-end funds; corporate and foreign bonds; asset | FA553063003 | 2.0 | 1.5 | 8.2 | -0.0 | -0.1 | -2.2 | 3.6 | -1.3 | 0.4 | 35 |
| Exchange-traded funds; corporate and foreign bonds; asset | FA563063003 | 90.0 | 149.4 | 116.0 | 61.4 | 21.6 | 12.5 | 63.9 | 147.4 | 45.3 | 36 |
| Government-sponsored enterprises; corporate and foreign bonds; asset | FA403063005 | -2.7 | -2.6 | -1.2 | 1.3 | 0.2 | 1.8 | 2.1 | 1.0 | 2.0 | 37 |
| Government-sponsored enterprises; mortgage-backed securities and other asset-backed bonds; asset | FA403063605 | -2.3 | -2.2 | -0.9 | 1.7 | 0.6 | 2.2 | 2.5 | 1.6 | 2.6 | 38 |
| Government-sponsored enterprises; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA403063095 | -0.4 | -0.3 | -0.3 | -0.4 | -0.4 | -0.4 | -0.4 | -0.6 | -0.6 | 39 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -0.5 | 9.7 | 29.3 | 6.9 | 0.8 | 0.8 | 19.7 | 6.5 | -1.9 | 40 |
| Real estate investment trusts; corporate and foreign bonds; asset | FA643063005 | -3.4 | -25.1 | 5.0 | 2.4 | 24.3 | -14.4 | 2.6 | -2.8 | -6.2 | 41 |
| Security brokers and dealers; corporate and foreign bonds (net); asset | FA663063005 | -14.9 | 5.9 | -62.0 | -12.6 | -49.4 | 3.6 | 44.4 | -49.0 | 24.9 | 42 |
| Holding companies; corporate and foreign bonds; asset | FA733063003 | 5.2 | -2.5 | 3.6 | 5.0 | -0.1 | 0.1 | 12.3 | 7.7 | -12.5 | 43 |
| Other financial business; corporate and foreign bonds, including financial stabilization programs; asset | FA503063005 | 2.8 | 5.4 | 0.1 | -1.3 | 33.0 | -2.2 | -27.8 | -8.4 | 11.3 | 44 |
| Rest of the world; corporate bonds; asset (4) | FA263063005 | 156.0 | 213.4 | 74.5 | 195.7 | 448.2 | 102.7 | 126.9 | 105.1 | 169.8 | 45 |
| Rest of the world; U.S. mortgage-backed securities and other U.S. asset-backed bonds; asset | FA263063603 | -3.1 | 28.8 | 16.1 | 13.6 | 24.8 | 29.1 | 6.3 | -5.9 | -5.9 | 46 |
| Rest of the world: U.S. corporate bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA263063095 | 159.1 | 184.5 | 58.4 | 182.2 | 423.5 | 73.6 | 120.5 | 111.1 | 175.7 | 47 |
NOTES
- Net issuance less net acquisition of corporate bonds held as assets.
- Net purchases of foreign issues by U.S. residents.
- For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately issued asset-backed bonds.
- Net purchases of U.S. issues by foreign residents.
Last Update: June 8, 2023