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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 3206.3 | 3014.8 | 4702 | 2785.5 | 2369.8 | 2201.8 | 2201 | 4693.8 | 2974.3 | 1 |
| All sectors; open market paper; liability | FA893169175 | 27.3 | 151.9 | 48.9 | 182.5 | 235.3 | 141.1 | -342 | 44.3 | 252.3 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1683.8 | 1546.9 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 104.2 | 4538.7 | 2962 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 612.5 | 979.4 | 1039.3 | 949.8 | 1049.4 | 879.1 | 1571.1 | -402.6 | -209.9 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 79.2 | -52.5 | -47.6 | 52.8 | -30.5 | -184.8 | 45.2 | 108.4 | -11 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 803.5 | 389.1 | 1073.5 | 158.6 | 13 | 311.2 | 822.6 | 405 | -19.1 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 3206.3 | 3014.8 | 4702 | 2785.5 | 2369.8 | 2201.8 | 2201 | 4693.8 | 2974.3 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 2003.9 | 1573.8 | 2704.3 | 1483.1 | 1262.8 | 845.2 | 704.5 | 4772.2 | 3050.8 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -1.2 | -0.9 | 8.3 | -10 | -3 | 1.1 | 0.3 | 9 | 0.1 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 252.6 | 80.3 | 187.8 | -2.6 | 181.2 | -45.4 | 562.1 | 142.5 | 93.8 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1683.4 | 1546.9 | 2586.3 | 1443.1 | 1101.2 | 1057 | 104 | 4531.7 | 2968.3 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 69.1 | -52.4 | -78.1 | 52.7 | -16.6 | -167.5 | 38 | 89 | -11.4 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 719.9 | 1274.9 | 1621.6 | 1090.7 | 790.9 | 1596.5 | 1538.3 | -258.2 | -12.9 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -125.1 | 153.8 | 146.3 | 169.8 | 23.7 | 275.5 | -166.6 | 121.9 | 109.4 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -11.5 | 58.3 | 94.3 | 75.4 | 5.9 | 57.5 | 3.3 | 44 | 36.4 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 539.4 | 793.3 | 888.3 | 747.5 | 841.6 | 695.7 | 1431.6 | -588.8 | -292.9 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 73.5 | 186.1 | 152.6 | 201 | 209.3 | 181.7 | 139.7 | 193.2 | 76.7 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 163.8 | 81.4 | 174.4 | 110.6 | 73.7 | -32.9 | 82.2 | 11.8 | 50.8 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -61.2 | -22.9 | -67.1 | -40.9 | -72.2 | 88.4 | 24.6 | 136.6 | 42.3 | 19 |
| Mortgage real estate investment trusts; debt securities; liability | FA644122075 | 23.8 | 12.9 | 22.7 | 17.3 | -12.8 | 24.5 | -1 | -18.7 | -11.5 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 33.8 | 18.4 | 172.5 | -46.4 | -102.6 | 50 | -27.2 | -72.5 | 39.4 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 65 | -3.2 | -55.4 | -57.8 | -176.1 | 276.6 | 24.8 | -26.9 | -215.8 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 18.4 | -3.2 | 93.1 | -85.8 | 0.4 | -20.4 | 26.9 | -58.8 | 152.3 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 482.5 | 166 | 376.1 | 211.6 | 316.1 | -239.8 | -41.8 | 179.8 | -63.6 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 3206.3 | 3014.8 | 4702 | 2785.5 | 2369.8 | 2201.8 | 2201 | 4693.8 | 2974.3 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -623 | 1877.9 | 545.4 | 2438.3 | 1558.8 | 2969 | 2303.4 | 1070.8 | 745.9 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -995.6 | 1547.2 | 337.4 | 1574.8 | 1439 | 2837.8 | 2080.1 | 859.6 | 417.3 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 37.8 | -18.5 | -67.2 | 108.3 | -143.3 | 28.3 | 12 | 43.1 | 166.6 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 2.3 | 12.8 | 5.2 | 21.2 | 21.9 | 3 | -7.3 | 8.9 | 15.1 | 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 | 332.4 | 336.3 | 270.1 | 734.1 | 241.2 | 99.9 | 218.6 | 159.1 | 146.8 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 3157 | 294.5 | 2877.7 | 63.7 | -257.7 | -1505.9 | -878.9 | 2400.8 | 1533.6 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 1537.1 | -175.9 | 782.3 | -150 | -523 | -812.7 | -1101.9 | -953 | -880.8 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 1240.1 | -109.8 | 892.8 | -195.4 | -649.2 | -487.4 | -472.2 | -465.2 | -595.1 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -12.5 | 58.4 | 59.1 | 122.2 | 97.9 | -45.5 | -100.1 | 54.9 | -18.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 7.9 | 10.5 | 13.1 | 22.1 | 22.9 | -16.3 | -8.4 | 1.1 | 83.2 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 101.5 | 29.6 | 120.4 | 49.4 | -4.1 | -47.2 | -54 | -21 | -14 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 71 | 80.1 | 32.2 | 82.3 | 105.4 | 100.4 | 78.4 | 48.4 | 218 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 171.2 | 177.7 | 216 | 136.6 | 229.6 | 128.6 | 229.6 | 123 | 114.2 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 189.7 | 154.6 | 73.5 | 145.4 | 190.4 | 209.1 | 233.2 | 215.1 | 96.8 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 159.1 | 242.5 | 308.4 | 280.3 | 77.7 | 303.8 | -1072.1 | 1425.1 | 37.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 143.6 | 30.3 | 150.4 | 15 | 64.4 | -108.7 | 177.2 | 43.9 | 64.1 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -956.4 | -546.8 | -248.6 | -565 | -670.2 | -703.4 | 704.1 | 1360.5 | 1723.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 595.1 | -192.1 | 334.3 | -636.7 | -27.8 | -438.1 | 71.8 | 387.9 | 54.5 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 9.2 | -0.6 | 0.3 | 0.6 | -2.1 | -1.3 | 1.1 | 0 | -1.3 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 202.7 | 206.5 | 112.4 | 214.2 | 210.2 | 289.1 | 200.1 | 199.2 | 152.5 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -71.2 | 13.9 | 93.5 | -59.5 | 37 | -15.4 | 25.1 | 68.1 | 55.8 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 1.5 | 4.6 | 10.5 | 4.8 | 2.5 | 0.4 | -0.2 | -7.6 | -5 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 18.2 | -4.2 | -14.3 | -14.4 | 0.2 | 11.4 | -50.2 | -8.5 | 4.8 | 49 |
| Mortgage real estate investment trusts; debt securities; asset | FA644022075 | -37.9 | -1.3 | -8.7 | -23.5 | 58.6 | -31.6 | 77.9 | 10 | 47.4 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -174.4 | 135.8 | -126.9 | 152.8 | 385.9 | 131.4 | 476.4 | -48.4 | 249.2 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 29.4 | 58.2 | 46.6 | 97.6 | 73.6 | 15 | -71.5 | 1.5 | 54.9 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -67.8 | 122.6 | 30.4 | 384.9 | 62.5 | 12.6 | -223.2 | -34.1 | 92.2 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 672.3 | 842.4 | 1278.8 | 283.4 | 1068.7 | 738.7 | 776.6 | 1222.2 | 694.7 | 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: December 7, 2023