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 | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government; Treasury securities; liability | FA313161105 | 4317.3 | 1611.4 | 1287.4 | 2381.6 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1689.4 | 1 |
| Federal government; Treasury bills; liability | FA313161110 | 2546.6 | -1195.1 | -71.8 | 1978.7 | 1284.1 | 2240.2 | 2980.1 | 1410.2 | 1360 | 2 |
| Federal government; other marketable Treasury securities; liability (2) | FA313161275 | 1770.6 | 2806.5 | 1359.2 | 402.9 | -118 | 915.8 | -62.5 | 876.5 | 329.3 | 3 |
| All sectors; Treasury securities; asset | FA893061105 | 4317.3 | 1611.4 | 1287.4 | 2381.6 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1689.4 | 4 |
| Households and nonprofit organizations; Treasury securities; asset | FA153061105 | -329.3 | -652.1 | 1113.6 | 879.7 | 1205.1 | 1415.3 | 555.8 | 342.8 | -274.6 | 5 |
| Nonfinancial corporate business; Treasury securities; asset | FA103061103 | 7.4 | 10.7 | 21.2 | 10.3 | -5.9 | 60.6 | 35.3 | -48.9 | 31.2 | 6 |
| Nonfinancial noncorporate business; total U.S. government securities; asset | FA113061003 | -2.3 | 2.2 | 11.9 | -0.1 | -7 | 8.6 | 14.2 | -16.3 | 5.4 | 7 |
| State and local governments; Treasury securities, excluding SLGS; asset | FA213061103 | 253.3 | 390 | 309.9 | 94.3 | 183.2 | 113 | 64.2 | 16.8 | 19.8 | 8 |
| Monetary authority; total Treasury securities; asset | FA713061103 | 2554.3 | 961.6 | -188.2 | -740.9 | -908.1 | -720.2 | -640.2 | -695.2 | -704.9 | 9 |
| Monetary authority; Treasury bills; asset | FA713061113 | 157.5 | 0 | -39.4 | -72.4 | -34.8 | -46.9 | -120.4 | -87.3 | -85.4 | 10 |
| Monetary authority; other Treasury securities, excluding Treasury bills; asset | FA713061125 | 2396.8 | 961.5 | -148.8 | -668.6 | -873.3 | -673.3 | -519.8 | -607.9 | -619.5 | 11 |
| U.S.-chartered depository institutions; Treasury securities; asset | FA763061100 | 327.8 | 449 | 8.8 | -90.1 | -343.1 | -208.3 | -34.5 | 225.7 | 477.7 | 12 |
| Foreign banking offices in the U.S.; Treasury securities; asset | FA753061103 | -27.3 | -7.6 | 16.4 | 2.3 | 1.3 | 32.9 | -20 | -5 | 33.5 | 13 |
| Banks in U.S.-affiliated areas; Treasury securities; asset | FA743061103 | -3.6 | 6.5 | 7 | -2.4 | -4.7 | 1.2 | 2.1 | -8.1 | 7 | 14 |
| Credit unions; Treasury securities; asset | FA473061105 | 6.3 | 19.5 | 26.6 | -10.1 | -15.2 | 8.9 | 2 | -35.9 | -7 | 15 |
| Property-casualty insurance companies; Treasury securities, including those held by U.S. residual market reinsurers; asset | FA513061105 | 0.9 | 31.6 | 37.3 | 46.4 | 25.4 | 26.5 | 135.5 | -1.8 | 100.7 | 16 |
| Property-casualty insurance companies; Treasury bills, including those held by U.S. residual market reinsurers; asset | FA513061115 | 14.5 | 2.5 | 13.7 | 28.5 | 19.2 | 10.7 | 102 | -17.9 | 103.4 | 17 |
| Property-casualty insurance companies; other Treasury securities, including those held by U.S. residual market reinsurers, excluding Treasury bills; asset | FA513061125 | -13.6 | 29.2 | 23.6 | 17.9 | 6.2 | 15.8 | 33.5 | 16.1 | -2.7 | 18 |
| Life insurance companies; Treasury securities; asset | FA543061105 | 6.2 | -2.6 | -5.2 | -1 | -8 | 8 | -8.4 | 4.5 | 20.2 | 19 |
| Life insurance companies; Treasury bills, including those held by U.S. captive reinsurers; asset | FA543061115 | 6.4 | -6.4 | 7.9 | 1.2 | 0.2 | 5.6 | 1.4 | -2.4 | 1.2 | 20 |
| Life insurance companies; other Treasury securities, including those held by U.S. captive reinsurers, excluding Treasury bills; asset | FA543061125 | -0.2 | 3.8 | -13.2 | -2.1 | -8.2 | 2.5 | -9.8 | 6.9 | 19 | 21 |
| Private pension funds; Treasury securities; asset | FA573061105 | 1.3 | 71.3 | 75.3 | 90.5 | 162.1 | 157.4 | 27.2 | 15.3 | 38.3 | 22 |
| Private defined benefit pension funds; Treasury securities; asset | FA573061143 | -13.5 | 36.9 | 26.8 | 48.5 | 89.9 | 89.7 | 5.9 | 8.3 | 8.1 | 23 |
| Private defined contribution pension funds; Treasury securities; asset | FA573061133 | 14.8 | 34.4 | 48.5 | 42 | 72.2 | 67.7 | 21.2 | 7 | 30.2 | 24 |
| Federal government retirement funds; Treasury securities; asset | FA343061105 | 0 | -0.9 | -1.9 | 1.1 | 0.6 | 4.1 | -0.9 | 0.6 | 0.5 | 25 |
| Federal government defined benefit retirement funds; Treasury securities; asset | FA343061165 | -2 | -1.2 | -1.5 | 0.6 | -0 | 2.7 | -0.4 | 0 | 0.1 | 26 |
| Federal government defined contribution retirement funds; Treasury securities held by Thrift Savings Plan F Fund; asset | FA343061113 | 2 | 0.3 | -0.5 | 0.5 | 0.6 | 1.4 | -0.5 | 0.5 | 0.4 | 27 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 4.3 | 79 | -27.6 | 80.9 | 117.1 | 11.3 | 120 | 75 | 80.8 | 28 |
| Money market funds; Treasury securities; asset | FA633061105 | 1343.3 | -651.3 | -750.7 | 1205.5 | -180.7 | 1484.8 | 1845.1 | 1672.7 | 1085.6 | 29 |
| Money market funds; Treasury bills; asset | FA633061110 | 1399.4 | -878.2 | -595.1 | 1264 | 147.1 | 1440.8 | 1908.1 | 1559.8 | 972.1 | 30 |
| Money market funds; Other Treasury securities, excluding Treasury bills; asset | FA633061120 | -56.1 | 226.9 | -155.6 | -58.5 | -327.8 | 44 | -63 | 112.9 | 113.6 | 31 |
| Mutual funds; Treasury securities; asset (market value) | FA653061105 | 1.3 | 345.7 | -25.5 | -0.8 | -61.3 | 0.7 | 92.3 | -34.9 | 113.2 | 32 |
| Mutual funds; Treasury bills; asset | FA653061113 | 9.7 | 2.4 | -44.7 | 0.1 | 12.5 | -12.8 | -2.3 | 3.2 | 1.5 | 33 |
| Mutual funds; other Treasury securities, excluding Treasury bills (includes all Treasury securities before 2010:Q4); asset | FA653061125 | -8.3 | 343.2 | 19.2 | -0.9 | -73.8 | 13.5 | 94.6 | -38.1 | 111.7 | 34 |
| Closed-end funds; Treasury securities; asset | FA553061103 | -0.4 | 0.3 | -0.2 | -0.3 | -0.3 | -0 | -0.1 | -0.8 | 0 | 35 |
| Exchange-traded funds; Treasury securities; asset | FA563061103 | 32 | 66.5 | 115.6 | 98.5 | 165.9 | 65.8 | 105.3 | 57 | 33.8 | 36 |
| Government-sponsored enterprises; Treasury securities; asset | FA403061105 | 78.9 | -43.2 | -18.4 | 4.2 | -39.4 | 16.6 | 19.2 | 20.6 | -10.1 | 37 |
| Issuers of asset-backed securities; Treasury securities; asset | FA673061103 | -2.7 | 1.5 | 4.6 | -5 | -0.2 | -7.6 | -5 | -7 | -9 | 38 |
| Security brokers and dealers; Treasury securities (net); asset | FA663061105 | -8.5 | -104.3 | 85.4 | 95.5 | 429.1 | -23.2 | 78.5 | -102.3 | 228 | 39 |
| Holding companies; Treasury securities; asset | FA733061103 | 3.1 | 34.2 | 56.6 | -4.6 | -57.1 | 5.1 | 38.2 | -4.7 | -29.2 | 40 |
| Other financial business; Treasury securities held by central clearing counterparties; asset | FA503061123 | 3.9 | -1.8 | -2.7 | 19.5 | 21.6 | 43.6 | -13.5 | 26.3 | -17 | 41 |
| Rest of the world; Treasury securities; asset | FA263061105 | 67 | 605.8 | 417.6 | 608.2 | 485.7 | 651 | 505.6 | 790.4 | 465.2 | 42 |
| Rest of the world; Treasury bills and certificates; asset | FA263061110 | 311.3 | -55.4 | -37.4 | 119.6 | -15.5 | -62.7 | 424.1 | 132.5 | -136.7 | 43 |
| Rest of the world; other Treasury securities, excluding Treasury bills and certificates; asset | FA263061120 | -244.2 | 661.2 | 455 | 488.6 | 501.2 | 713.7 | 81.5 | 657.9 | 601.9 | 44 |
| Federal government; total nonmarketable Treasury securities; liability (3) | FA313169205 | 264.9 | 72.5 | 259.4 | 238.5 | -1061.9 | 1382.7 | 44.4 | 588.7 | 139.5 | 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: June 7, 2024