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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 6311.7 | 3204.6 | 3009.4 | 4699.7 | 2768.9 | 2363.1 | 2206.1 | 2066.6 | 4557.2 | 1 |
| All sectors; open market paper; liability | FA893169175 | -58.4 | 27.3 | 151.9 | 46.8 | 180.4 | 233.2 | 147.4 | -342 | -29.4 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 4582.2 | 1683.8 | 1546.9 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 104.2 | 4538.7 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 657.2 | 612.5 | 979.4 | 1039.3 | 949.8 | 1049.4 | 879.1 | 1571.1 | -402.6 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 86.5 | 79 | -53.1 | -47.2 | 52.7 | -30.8 | -187.2 | 44.6 | 108.1 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 1044.2 | 802 | 384.4 | 1072.9 | 144.3 | 8.7 | 311.5 | 688.7 | 342.4 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 6311.7 | 3204.6 | 3009.4 | 4699.7 | 2768.9 | 2363.1 | 2206.1 | 2066.6 | 4557.2 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 5319.6 | 1969.2 | 1547.7 | 2691.1 | 1441.7 | 1252.4 | 805.8 | 649.5 | 4745 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -9.8 | -1.4 | -0.8 | 8.5 | -9.9 | -3 | 1.1 | -0.1 | 9 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 657.5 | 218 | 54.9 | 174.7 | -43.9 | 171.1 | -82.1 | 507.7 | 116 | 10 |
| Federal government; debt securities; liability | FA314122005 | 4581.2 | 1683.4 | 1546.9 | 2586.3 | 1443.1 | 1101.2 | 1057 | 104 | 4531.7 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 90.7 | 69.2 | -53.3 | -78.4 | 52.5 | -16.9 | -170.2 | 37.9 | 88.3 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 953.3 | 752.9 | 1295.7 | 1632.4 | 1115.6 | 794.6 | 1640.2 | 1506.8 | -330 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 109 | -125.1 | 153.8 | 146.3 | 169.8 | 23.7 | 275.5 | -234.3 | 37.1 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -5.8 | -11.5 | 58.3 | 94.3 | 75.4 | 5.9 | 57.5 | -17.7 | 17.2 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 635.9 | 539.4 | 793.3 | 888.3 | 747.5 | 841.6 | 695.7 | 1431.6 | -588.8 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 22.3 | 73.5 | 186.1 | 152.6 | 201 | 209.3 | 181.7 | 139.7 | 193.2 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 57.3 | 163.8 | 80.9 | 174.4 | 110.6 | 72.1 | -33.6 | 84.4 | 11.8 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -20.2 | -61.2 | -22.9 | -67.1 | -40.9 | -72.2 | 88.4 | 24.6 | 148.8 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 42.6 | 56.8 | 34.3 | 33.6 | 42.3 | -7.6 | 68.9 | 54 | 6.8 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 10 | 33.8 | 18.4 | 172.5 | -46.4 | -102.6 | 50 | -27.2 | -72.5 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 129.9 | 65 | -3.2 | -55.4 | -57.9 | -176.1 | 276.6 | 24.8 | -26.9 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -27.5 | 18.4 | -3.2 | 93.1 | -85.8 | 0.4 | -20.4 | 26.9 | -56.8 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 38.8 | 482.5 | 166 | 376.1 | 211.6 | 316.1 | -239.8 | -89.7 | 142.2 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 6311.7 | 3204.6 | 3009.4 | 4699.7 | 2768.9 | 2363.1 | 2206.1 | 2066.6 | 4557.2 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -365.9 | -621.3 | 1862.2 | 470.8 | 2424.8 | 1639.2 | 2914 | 2767.8 | 1068.3 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -619.9 | -986.4 | 1534.6 | 284.7 | 1551.6 | 1520.6 | 2781.3 | 2530.3 | 842.6 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 35.9 | 30.1 | -21.1 | -87.9 | 118 | -144.5 | 29.8 | 26.2 | 57.7 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | -1.6 | 2.7 | 12.5 | 3.9 | 21.2 | 21.9 | 3 | -7.3 | 8.9 | 29 |
| Federal government; debt securities; asset | FA314022005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 |
| State and local governments; debt securities; asset | FA214022005 | 219.8 | 332.4 | 336.3 | 270.1 | 734.1 | 241.2 | 99.9 | 218.6 | 159.1 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 6432.8 | 3153.5 | 304.8 | 2950 | 60.7 | -344.8 | -1446.6 | -1011.7 | 2380.1 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 3217 | 1537.1 | -175.9 | 782.3 | -150 | -523 | -812.7 | -1101.9 | -953 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 1010.2 | 1240.1 | -109.8 | 892.8 | -195.4 | -649.2 | -487.3 | -471.9 | -419 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -12.6 | -12.5 | 59.1 | 59.1 | 122.2 | 97.9 | -42.8 | -102.9 | 54.9 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 6.1 | 7.9 | 10.5 | 13.1 | 22.1 | 22.9 | -16.3 | -8.4 | 1.1 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 88.8 | 101.5 | 29.6 | 120.4 | 49.5 | -4.2 | -47.2 | -54 | -26 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 53.3 | 71 | 80.1 | 32.2 | 82.3 | 105.4 | 100.4 | 78.4 | 48.4 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 184.9 | 171.2 | 177.7 | 216 | 136.6 | 229.6 | 128.6 | 229.6 | 123 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 77.7 | 189.7 | 160.1 | 86.7 | 137.5 | 201.4 | 214.9 | 182.7 | 299.6 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 147.8 | 159.1 | 242.5 | 308.4 | 280.3 | 77.7 | 303.8 | -1072.1 | 1425.1 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 82.5 | 132.3 | 35.5 | 191.4 | 39 | -27.5 | -60.7 | 110.5 | 135.3 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 1088.7 | -956.4 | -546.8 | -248.6 | -565 | -670.2 | -703.4 | 704.1 | 1360.6 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 323.4 | 595.2 | -192 | 334.4 | -636.7 | -27.8 | -438.1 | 71.9 | 108.2 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.8 | 9.2 | -0.6 | 0.3 | 0.6 | -2.1 | -1.3 | 1.1 | 0 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 195.1 | 202.7 | 206.5 | 112.4 | 214.2 | 210.2 | 289.1 | 200 | 181.8 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 46.7 | -71.2 | 13.9 | 93.5 | -59.5 | 37 | -15.4 | 25.1 | 68.1 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -2.7 | 1.5 | 4.6 | 10.5 | 4.8 | 2.5 | 0.4 | -0.2 | -7.6 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 9.7 | 18.2 | -4.2 | -14.3 | -14.4 | 0.2 | 11.4 | -50.2 | 2.5 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | -154.5 | -30.2 | -0.4 | 12 | -40.3 | 59.3 | -32.8 | 73.9 | 8.8 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -74 | -174.4 | 135.8 | -126.9 | 152.8 | 385.9 | 131.4 | 476.4 | -48.4 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | -8.7 | 29.4 | 58.2 | 46.6 | 97.6 | 73.6 | 14.9 | -71.5 | 1.5 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 152.8 | -67.8 | 120.6 | 27.8 | 382.4 | 55.8 | 16.5 | -232.3 | 15.4 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 244.8 | 672.3 | 842.4 | 1278.8 | 283.4 | 1068.7 | 738.7 | 310.4 | 1108.7 | 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: September 11, 2023