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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 6044 | 3133.4 | 2755 | 3190.8 | 3267.7 | 3319.6 | 3108.4 | 3067.5 | 3169.8 | 1 |
| All sectors; open market paper; liability | FA893169175 | -58.4 | 27.3 | 151.9 | 15.9 | -322.6 | 63.8 | 271.7 | 50.6 | 40.2 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 4317.3 | 1611.4 | 1287.4 | 2381.6 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1689.4 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 657.2 | 612.5 | 979.4 | 297.4 | 1571.1 | -402.6 | -64 | 85.3 | 100.8 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 88.7 | 79 | -51.6 | 21.4 | 46.3 | 109.9 | -10.5 | -60.2 | 134.1 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 1039.2 | 803.3 | 387.9 | 474.6 | 806.8 | 392.6 | -6.3 | 705.2 | 1205.4 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 6044 | 3133.4 | 2755 | 3190.8 | 3267.7 | 3319.6 | 3108.4 | 3067.5 | 3169.8 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 5094.9 | 1931 | 1313.3 | 2633.9 | 1772.3 | 3399.9 | 3016.8 | 2346.6 | 2338.5 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -9.7 | -1.1 | -0.9 | 2.1 | 0.3 | 9 | 0.2 | -1.1 | 9.6 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 695.5 | 252.6 | 78.2 | 229.2 | 567.3 | 151.3 | 102.7 | 95.4 | 542.7 | 10 |
| Federal government; debt securities; liability | FA314122005 | 4316.2 | 1611 | 1287.5 | 2382 | 1166 | 3148.9 | 2923.9 | 2289.1 | 1688.4 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 92.9 | 68.5 | -51.4 | 20.7 | 38.7 | 90.7 | -10 | -36.8 | 97.8 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 910.3 | 719.9 | 1275.8 | 504 | 1537.2 | -258.1 | 49.8 | 687.2 | 408.5 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 109 | -125.1 | 153.8 | 2.3 | -166.6 | 121.9 | 32.1 | 22 | -35.8 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -5.8 | -11.5 | 58.3 | 43.5 | 3.3 | 44 | 12.2 | 114.6 | 19.7 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 635.9 | 539.4 | 793.3 | 114.3 | 1431.6 | -588.8 | -292.9 | -92.7 | -59.5 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 22.3 | 73.5 | 186.1 | 182.7 | 139.7 | 193.2 | 222.5 | 175.5 | 161.2 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 57.3 | 163.8 | 82.2 | 39 | 82.2 | 12 | 48.6 | 13.3 | 124.3 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -20.2 | -61.2 | -22.9 | 93.2 | 24.6 | 136.6 | 54.8 | 156.7 | 75.7 | 19 |
| Mortgage real estate investment trusts; debt securities; liability | FA644122075 | -0.5 | 23.8 | 13 | -1.6 | -2.1 | -18.8 | -11.4 | 25.9 | -6.2 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 10 | 33.8 | 18.4 | 0.1 | -27.2 | -72.5 | 39.4 | 60.9 | 87.8 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 129.9 | 65 | -3.2 | 19.6 | 24.8 | -26.9 | -207.7 | 288.2 | 7.8 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -27.5 | 18.4 | -3.2 | 10.8 | 26.9 | -58.8 | 152.2 | -77.2 | 33.4 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 38.8 | 482.5 | 166 | 52.9 | -41.8 | 177.8 | 41.8 | 33.8 | 422.8 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 6044 | 3133.4 | 2755 | 3190.8 | 3267.7 | 3319.6 | 3108.4 | 3067.5 | 3169.8 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -382.4 | -624.9 | 1860.6 | 1298.9 | 2377 | 1121.3 | 605.6 | 1091.7 | -926.6 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -599.6 | -1003.5 | 1507.1 | 1203.2 | 2158.8 | 931.3 | 360.6 | 1362.1 | -998.4 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 37.1 | 37.8 | -5.4 | -3 | 13 | 43.2 | 181.4 | -249.8 | 39.6 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | -1.6 | 2.3 | 12.8 | -0.2 | -7.3 | 8.9 | 15.1 | -17.6 | 5.7 | 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 | 181.7 | 338.4 | 346.1 | 99 | 212.5 | 137.9 | 48.5 | -2.9 | 26.5 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 6181.6 | 3086 | 52 | 834.1 | 114.2 | 914.4 | 1461.2 | 846.5 | 3055 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 3217 | 1537.1 | -175.9 | -957.2 | -1101.9 | -953 | -880.8 | -893 | -883.6 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 1010.2 | 1240.1 | -109.8 | -394 | -472.1 | -465.2 | -530 | -108.6 | 710.9 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -12.6 | -12.5 | 58.4 | -36.7 | -100.1 | 52.9 | -18.4 | -81.2 | 60.2 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 6.1 | 7.9 | 10.5 | 19.4 | -8.4 | 1.1 | 83.2 | 1.8 | 6.3 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 88.8 | 101.5 | 29.6 | -40.7 | -54 | -20.9 | -25.2 | -62.5 | -31 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 53.3 | 71 | 80.1 | 87.9 | 74.9 | 45.9 | 213.8 | 16.8 | 225.2 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 172.9 | 176.7 | 191.9 | 87.6 | 190.3 | 84.1 | 84.6 | -8.6 | 310.6 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 77.7 | 189.7 | 147.4 | 154.3 | 229 | 247.7 | 90.5 | 50 | 126.8 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 2.2 | -2 | -3.1 | 1.8 | 1.5 | 6.6 | -2.3 | 1.4 | 1.7 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 85.5 | 151 | 32.7 | 52.2 | 119.7 | -23.5 | 23.3 | 89.5 | 72.2 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 1088.7 | -956.4 | -546.8 | 1392.9 | 704.1 | 1360.5 | 1723.4 | 1783.4 | 1269.3 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 323.5 | 595 | -191.7 | 134.5 | 71.9 | 411.7 | 255.6 | -201.3 | 570.4 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.8 | 9.2 | -0.6 | -0.9 | 1.1 | 0 | -1.4 | -3.5 | 0.5 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 195.1 | 202.7 | 206.5 | 203.3 | 200.1 | 199.2 | 155.3 | 258.9 | 201.7 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 46.7 | -71.2 | 13.9 | 56 | 25.1 | 68.1 | 55.8 | 75.1 | -23.9 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -2.7 | 1.5 | 4.6 | -5 | -0.2 | -7.6 | -5 | -7 | -9 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 9.7 | 18.2 | -4.2 | -25.8 | -50.2 | -8.5 | -6.5 | -38 | -2.3 | 49 |
| Mortgage real estate investment trusts; debt securities; asset | FA644022075 | -155.7 | -37.9 | -1.3 | 23.8 | 77.9 | 10 | 47.4 | -40.3 | 9.8 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -74 | -174.4 | 135.8 | 128.3 | 476.4 | -48.4 | 249.2 | -164.1 | 466.9 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | -8.7 | 29.4 | 58.6 | -4.9 | -71.5 | 1.5 | 55.4 | -5 | -37.5 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 57.2 | 9.4 | 115.6 | -42.6 | -199.4 | -47.5 | -106.4 | 182.8 | 9.8 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 244.8 | 672.3 | 842.4 | 1057.8 | 776.6 | 1283.9 | 1041.6 | 1129.3 | 1041.5 | 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: June 7, 2024