Financial Accounts of the United States - Z.1
F.210 Treasury Securities (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government; Treasury securities; liability | FA313161105 | 1611.4 | 1287.4 | 2381.6 | 992.7 | 771.1 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1 |
| Federal government; Treasury bills; liability | FA313161110 | -1195.1 | -71.8 | 1978.7 | 305.3 | -50 | 1284.1 | 2240.2 | 2980.1 | 1410.2 | 2 |
| Federal government; other marketable Treasury securities; liability (2) | FA313161275 | 2806.5 | 1359.2 | 402.9 | 687.3 | 821.1 | -118 | 915.8 | -62.5 | 876.5 | 3 |
| All sectors; Treasury securities; asset | FA893061105 | 1611.4 | 1287.4 | 2381.6 | 992.7 | 771.1 | 1166.2 | 3156 | 2917.6 | 2286.6 | 4 |
| Households and nonprofit organizations; Treasury securities; asset | FA153061105 | -652.1 | 1112 | 817.6 | 1435 | 1829.1 | 1203.2 | 1402.6 | 547.5 | 117.2 | 5 |
| Nonfinancial corporate business; Treasury securities; asset | FA103061103 | 10.7 | 24 | 37.7 | 14.6 | 43.2 | -7.6 | 64.1 | 34.7 | 59.4 | 6 |
| Nonfinancial noncorporate business; total U.S. government securities; asset | FA113061003 | 2.2 | 11.9 | -0.1 | 20.9 | 3.3 | -7 | 8.6 | 14.2 | -16.3 | 7 |
| State and local governments; Treasury securities, excluding SLGS; asset | FA213061103 | 390 | 309.9 | 94.3 | 185.4 | 154.6 | 183.2 | 113 | 64.2 | 16.8 | 8 |
| Monetary authority; total Treasury securities; asset | FA713061103 | 961.6 | -188.2 | -739.7 | -467.6 | -577.9 | -908.1 | -720.2 | -640.2 | -690.5 | 9 |
| Monetary authority; Treasury bills; asset | FA713061113 | 0 | -39.4 | -72.6 | -68.4 | -85.2 | -34.8 | -46.9 | -120.4 | -88.4 | 10 |
| Monetary authority; other Treasury securities, excluding Treasury bills; asset | FA713061125 | 961.5 | -148.8 | -667.1 | -399.2 | -492.7 | -873.3 | -673.3 | -519.8 | -602.1 | 11 |
| U.S.-chartered depository institutions; Treasury securities; asset | FA763061100 | 449 | 8.8 | -90.1 | -271.6 | -140.6 | -343.1 | -208.3 | -34.5 | 225.7 | 12 |
| Foreign banking offices in the U.S.; Treasury securities; asset | FA753061103 | -7.6 | 16.4 | 2.3 | 6 | -13.2 | 1.3 | 32.9 | -20 | -5 | 13 |
| Banks in U.S.-affiliated areas; Treasury securities; asset | FA743061103 | 6.5 | 7 | -2.4 | 19.7 | -13.4 | -4.7 | 1.2 | 2.1 | -8.1 | 14 |
| Credit unions; Treasury securities; asset | FA473061105 | 19.5 | 26.6 | -4 | 14.8 | -4 | -15.2 | 8.9 | 2 | -11.6 | 15 |
| Property-casualty insurance companies; Treasury securities, including those held by U.S. residual market reinsurers; asset | FA513061105 | 31.6 | 37.3 | 67.3 | 59.6 | 110.3 | 24.4 | 25 | 136.7 | 83.1 | 16 |
| Property-casualty insurance companies; Treasury bills, including those held by U.S. residual market reinsurers; asset | FA513061115 | 2.5 | 13.7 | 47.6 | 22.3 | 71.2 | 17.8 | 8.5 | 101.7 | 62.4 | 17 |
| Property-casualty insurance companies; other Treasury securities, including those held by U.S. residual market reinsurers, excluding Treasury bills; asset | FA513061125 | 29.2 | 23.6 | 19.7 | 37.3 | 39.2 | 6.6 | 16.6 | 35 | 20.7 | 18 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -2.6 | -5.2 | 6.7 | 18.7 | -9.3 | 0 | 22.7 | 6.4 | -2.3 | 19 |
| Life insurance companies; Treasury bills, including those held by U.S. captive reinsurers; asset | FA543061115 | -6.4 | 7.9 | 2.6 | 15 | 7.4 | -3.7 | 6.8 | 2.8 | 4.4 | 20 |
| Life insurance companies; other Treasury securities, including those held by U.S. captive reinsurers, excluding Treasury bills; asset | FA543061125 | 3.8 | -13.2 | 4.1 | 3.7 | -16.7 | 3.7 | 15.9 | 3.6 | -6.7 | 21 |
| Private pension funds; Treasury securities; asset | FA573061105 | 71.3 | 74.4 | 94.3 | 113.3 | 115.9 | 161.9 | 152.6 | 30 | 32.5 | 22 |
| Private defined benefit pension funds; Treasury securities; asset | FA573061143 | 36.9 | 26.8 | 48.2 | 46.4 | 45.8 | 89.9 | 89.7 | 5.9 | 7.5 | 23 |
| Private defined contribution pension funds; Treasury securities; asset | FA573061133 | 34.4 | 47.7 | 46 | 66.9 | 70.1 | 72 | 63 | 24.1 | 25.1 | 24 |
| Federal government retirement funds; Treasury securities; asset | FA343061105 | -0.9 | -1.9 | 1.2 | -1.9 | 2.8 | 0.6 | 4.1 | -0.4 | 0.6 | 25 |
| Federal government defined benefit retirement funds; Treasury securities; asset | FA343061165 | -1.2 | -1.5 | 0.7 | -1 | 0.1 | 0 | 2.7 | 0.1 | 0.1 | 26 |
| Federal government defined contribution retirement funds; Treasury securities held by Thrift Savings Plan F Fund; asset | FA343061113 | 0.3 | -0.5 | 0.5 | -0.9 | 2.7 | 0.6 | 1.4 | -0.5 | 0.5 | 27 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 79 | -27.6 | 84.6 | -43 | -54.2 | 113.8 | 7.3 | 160.5 | 56.8 | 28 |
| Money market funds; Treasury securities; asset | FA633061105 | -651.3 | -750.7 | 1205.5 | -1044.8 | -1092.2 | -180.7 | 1484.8 | 1845.1 | 1672.7 | 29 |
| Money market funds; Treasury bills; asset | FA633061110 | -878.2 | -595.1 | 1264 | -760.6 | -869.3 | 147.1 | 1440.8 | 1908.1 | 1559.8 | 30 |
| Money market funds; Other Treasury securities, excluding Treasury bills; asset | FA633061120 | 226.9 | -155.6 | -58.5 | -284.2 | -223 | -327.8 | 44 | -63 | 112.9 | 31 |
| Mutual funds; Treasury securities; asset (market value) | FA653061105 | 345.7 | -25.5 | 9.5 | -49.7 | -0.1 | -61.3 | 5.5 | 86.9 | 6.9 | 32 |
| Mutual funds; Treasury bills; asset | FA653061113 | 2.4 | -44.7 | -0.1 | -94.5 | -37.8 | 12.5 | -12.8 | -2.3 | 2.1 | 33 |
| Mutual funds; other Treasury securities, excluding Treasury bills (includes all Treasury securities before 2010:Q4); asset | FA653061125 | 343.2 | 19.2 | 9.6 | 44.8 | 37.8 | -73.8 | 18.3 | 89.2 | 4.7 | 34 |
| Closed-end funds; Treasury securities; asset | FA553061103 | 0.3 | -0.2 | -0.3 | -3.8 | -0.1 | -0.3 | -0 | -0.1 | -0.8 | 35 |
| Exchange-traded funds; Treasury securities; asset | FA563061103 | 66.5 | 115.6 | 97.5 | 145.3 | 81.3 | 165.9 | 65.8 | 105.2 | 53.2 | 36 |
| Government-sponsored enterprises; Treasury securities; asset | FA403061105 | -43.2 | -18.4 | -1.5 | -14.4 | -52.8 | -39.4 | 16.6 | 19.2 | -2.4 | 37 |
| Issuers of asset-backed securities; Treasury securities; asset | FA673061103 | 1.5 | 4.6 | -5 | 2.5 | 0.4 | -0.2 | -7.6 | -5 | -7 | 38 |
| Security brokers and dealers; Treasury securities (net); asset | FA663061105 | -104.3 | 85.4 | 95.5 | 241.7 | 50.3 | 429.1 | -23.2 | 78.5 | -102.3 | 39 |
| Holding companies; Treasury securities; asset | FA733061103 | 34.2 | 56.4 | -4.3 | 64.8 | 9.3 | -57.2 | 5.1 | 38.2 | -3.5 | 40 |
| Other financial business; Treasury securities held by central clearing parties; asset | FA503061123 | -1.8 | -2.7 | 18.2 | 13.7 | 5.3 | 21.6 | 43.6 | -13.5 | 21.2 | 41 |
| Rest of the world; Treasury securities; asset | FA263061105 | 605.8 | 417.6 | 596.8 | 533.7 | 323 | 485.7 | 651 | 460.2 | 790.4 | 42 |
| Rest of the world; Treasury bills and certificates; asset | FA263061110 | -55.4 | -37.4 | 131.7 | 122.2 | 152.6 | -15.5 | -62.7 | 472.4 | 132.5 | 43 |
| Rest of the world; other Treasury securities, excluding Treasury bills and certificates; asset | FA263061120 | 661.2 | 455 | 465.1 | 411.5 | 170.4 | 501.2 | 713.7 | -12.2 | 657.9 | 44 |
| Federal government; total nonmarketable Treasury securities; liability (3) | FA313169205 | 72.5 | 259.4 | 238.5 | 110 | 284.2 | -1061.9 | 1382.7 | 44.4 | 588.7 | 45 |
NOTES
- Marketable Treasury securities (net of premiums and discounts) issued by the federal government and held by sectors other than the federal government.
- Inlcudes long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank.
- Nonmarketable Treasury securities are classified as other loans and advances because they are not negotiable and are therefore not considered debt securities.
Last Update: March 7, 2024