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 | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; corporate and foreign bonds; liability | FA893163005 | 803.5 | 388.6 | 507.9 | 11.7 | 310.7 | 804 | 384.1 | -11.5 | 855.1 | 1 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163005 | 235.2 | 18.8 | 217.9 | 18.6 | 24.4 | 636.4 | 118.8 | 45.4 | 70.8 | 2 |
| Domestic financial sectors; corporate and foreign bonds; liability | FA793163005 | 190.7 | 89.9 | 196 | -333.8 | 514.7 | 74.7 | 82.6 | -11.4 | 638.1 | 3 |
| U.S.-chartered depository institutions; corporate and foreign bonds; liability | FA763163005 | -64.8 | 77.9 | -0.7 | 11.8 | 144.3 | -93.6 | 59.6 | 12 | 19.2 | 4 |
| Issuers of asset-backed securities; corporate and foreign bonds; liability (1) | FA673163005 | 196.7 | 17.1 | 95.4 | 50.5 | -45 | 124.5 | 47.4 | 117.1 | 92.5 | 5 |
| Finance companies; corporate and foreign bonds; liability | FA613163005 | -60.8 | -31.8 | 85 | -103 | 65.4 | 46.2 | 107.4 | 33.7 | 152.9 | 6 |
| Mortgage real estate investment trusts; corporate and foreign bonds, excluding FHLB advances; liability | FA643163075 | 23.8 | 13 | -0.3 | -12.8 | 24.7 | -2.1 | -18.8 | -11.4 | 31.2 | 7 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 33.8 | 18.4 | 0.1 | -102.6 | 50 | -27.2 | -72.5 | 39.4 | 60.9 | 8 |
| Holding companies; corporate and foreign bonds; liability | FA733163005 | 62.1 | -4.6 | 16.4 | -177.6 | 275.2 | 26.9 | -40.5 | -202.1 | 281.4 | 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 | 10 |
| Rest of the world; bonds; liability (2) | FA263163005 | 377.5 | 279.8 | 94.1 | 326.9 | -228.4 | 92.9 | 182.7 | -45.5 | 146.2 | 11 |
| All sectors; corporate and foreign bonds; asset (3) | FA893063005 | 803.5 | 388.6 | 507.9 | 11.7 | 310.7 | 804 | 384.1 | -11.5 | 855.1 | 12 |
| Households and nonprofit organizations; corporate and foreign bonds; asset | FA153063005 | -217.4 | -303.6 | 3.8 | -932 | 75.5 | 346.1 | -295.6 | -470.1 | 434.6 | 13 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | FA123063003 | 7.7 | 2.6 | -1.3 | 0.8 | -1.5 | -3.8 | -1 | 3.8 | -4 | 14 |
| Federal government; corporate bonds issued by commercial banking under TARP; asset | FA313063763 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -19.5 | -10.5 | -2 | -7.2 | -2.6 | 3.5 | 5.8 | -8.2 | -9 | 16 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds; asset | FA763063005 | 204.9 | 107.7 | -74.4 | 31 | 93.6 | 51.3 | -7.4 | -221 | -120.4 | 17 |
| U.S.-chartered depository institutions; private MBS and CMOs; asset | FA763063605 | 31.9 | 13.9 | -8 | 2.8 | -14 | -7.8 | -7.9 | -12.2 | -4 | 18 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds, excluding private MBS and CMOs; asset | FA763063095 | 173 | 93.8 | -66.4 | 28.3 | 107.6 | 59.2 | 0.5 | -208.8 | -116.3 | 19 |
| Foreign banking offices in the U.S., including IBFs; corporate and foreign bonds; asset | FA753063005 | 0.8 | 42.2 | -32.8 | 86.7 | -15.7 | -75.1 | 6.3 | 9.6 | -71.8 | 20 |
| Banks in U.S.-affiliated areas; corporate and foreign bonds; asset | FA743063005 | -0.6 | 2 | 22.8 | 2.2 | -1.2 | -1.4 | 0.3 | 80.2 | 12.3 | 21 |
| Credit unions; corporate and foreign bonds; asset | FA473063005 | 5.2 | 3.2 | -1.1 | -1.4 | -7.7 | -4.8 | -2.1 | 3.1 | -0.7 | 22 |
| Credit unions; mortgage-backed securities and other asset-backed bonds; asset | FA473063605 | 4.9 | 3.1 | -1 | -1.5 | -7.6 | -4.5 | -2 | 3.2 | -0.6 | 23 |
| Credit unions; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA473063095 | 0.3 | 0.1 | -0.2 | 0.1 | -0.1 | -0.3 | -0.1 | -0.1 | -0.2 | 24 |
| Property-casualty insurance companies; corporate and foreign bonds, including those held by U.S. residual market reinsurers; asset | FA513063005 | 55.1 | 38.9 | 46.6 | 48.4 | -3.5 | 73.4 | 27.5 | 60.9 | 24.7 | 25 |
| Property-casualty insurance companies; mortgage-backed securities and other asset-backed bonds, including those held by U.S. residual market reinsurers; asset | FA513063605 | 12 | 9.5 | 10.7 | 29.9 | 10.6 | 15.4 | 6.7 | 12.9 | 8 | 26 |
| Property-casualty insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA513063095 | 43.2 | 29.4 | 35.9 | 18.5 | -14.1 | 58.1 | 20.8 | 48 | 16.7 | 27 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 214.2 | 224.4 | 124.5 | 216.5 | 179.7 | 227.2 | 88.7 | 103.1 | 79.2 | 28 |
| Life insurance companies, general accounts; mortgage-backed securities and other asset-backed bonds, including those held by U.S. captive reinsurers; asset | FA543063675 | 31.6 | 34.1 | 20.3 | 99.6 | -311.4 | 40.6 | 1 | 9.6 | 30.1 | 29 |
| Life insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA543063095 | 182.6 | 190.4 | 104.2 | 117 | 491.1 | 186.6 | 87.6 | 93.5 | 49.1 | 30 |
| Private pension funds; corporate and foreign bonds; asset | FA573063005 | 87.4 | 51.4 | 54 | 51 | 51.5 | 51.1 | 60.7 | 48.3 | 55.7 | 31 |
| Federal government retirement funds; corporate and foreign bonds; asset | FA343063005 | -1.4 | 0.1 | 0.6 | 0.3 | 2.4 | 0.5 | 1.5 | -0.1 | 0.4 | 32 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | 50.7 | 83 | -18.8 | 132.1 | 26.7 | 32.8 | -102.1 | -12.2 | 6.3 | 33 |
| Money market funds; corporate and foreign bonds; asset | FA633063005 | -6.3 | -0.7 | -0.8 | 10.1 | 0.4 | 11.5 | 2 | -3 | -13.6 | 34 |
| Mutual funds; corporate and foreign bonds; asset (market value) | FA653063005 | 270.3 | -77.5 | 56 | 101.9 | -264.9 | -92.4 | 105.4 | 92 | 119 | 35 |
| Closed-end funds; corporate and foreign bonds; asset | FA553063003 | 8.2 | -0 | 0.1 | 3.6 | -1.3 | 0.4 | 0.6 | -0.8 | 0.2 | 36 |
| Exchange-traded funds; corporate and foreign bonds; asset | FA563063003 | 115.6 | 61.6 | 88.5 | 64.1 | 147.8 | 36.9 | 123.1 | 31.5 | 162.3 | 37 |
| Government-sponsored enterprises; corporate and foreign bonds; asset | FA403063005 | -1.2 | 1.3 | 2.2 | 2.1 | 1 | 2 | 3.4 | 2.6 | 0.9 | 38 |
| Government-sponsored enterprises; mortgage-backed securities and other asset-backed bonds; asset | FA403063605 | -0.9 | 1.7 | 2.6 | 2.5 | 1.6 | 2.6 | 3.8 | 2.9 | 1.1 | 39 |
| Government-sponsored enterprises; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA403063095 | -0.3 | -0.4 | -0.3 | -0.4 | -0.6 | -0.6 | -0.4 | -0.3 | -0.1 | 40 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 18.2 | -4.2 | -27.2 | 0.2 | 11.4 | -50.2 | -8.5 | -6.5 | -43.6 | 41 |
| Mortgage real estate investment trusts; corporate and foreign bonds; asset | FA643063073 | -2.7 | 2 | 0.5 | 3.8 | -2.4 | -1.5 | -0.3 | 3.4 | 0.2 | 42 |
| Security brokers and dealers; corporate and foreign bonds (net); asset | FA663063005 | -62 | -12.6 | 21.6 | 44.4 | -49 | 17.2 | 42.4 | 46.1 | -19.3 | 43 |
| Holding companies; corporate and foreign bonds; asset | FA733063003 | 3.6 | 5 | 1.2 | 12.3 | 7.7 | -12.5 | -2.8 | 17.8 | 2.3 | 44 |
| Other financial business; corporate and foreign bonds, including financial stabilization programs; asset | FA503063005 | 0.1 | -1.3 | 0.4 | -27.8 | -8.4 | 10.8 | -1.4 | -4.2 | -3.7 | 45 |
| Rest of the world; corporate bonds; asset (4) | FA263063005 | 72.7 | 173.9 | 243.5 | 168.5 | 71.1 | 181 | 337.6 | 212.2 | 242.9 | 46 |
| Rest of the world; U.S. mortgage-backed securities and other U.S. asset-backed bonds; asset | FA263063603 | 13.1 | 13.2 | 41.7 | 6.6 | -5.3 | 82.4 | 17.7 | 25.1 | 41.6 | 47 |
| Rest of the world: U.S. corporate bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA263063095 | 59.6 | 160.7 | 201.8 | 161.9 | 76.4 | 98.7 | 320 | 187.1 | 201.3 | 48 |
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: March 7, 2024