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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 3132.9 | 2737.2 | 3197.1 | 3288.4 | 3319.9 | 3112.2 | 3067.8 | 3073 | 2766.6 | 1 |
| All sectors; open market paper; liability | FA893169175 | 27.3 | 151.9 | 15.9 | -325.9 | 63 | 275 | 51.3 | 38.7 | -30.5 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1611.4 | 1287.4 | 2381.6 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1689.4 | 1639.7 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 612.5 | 979.4 | 297.4 | 1571.1 | -402.6 | -64 | 85.3 | 100.8 | 206.7 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 79.1 | -51.5 | 21.8 | 47 | 110.1 | -9.9 | -60.1 | 135.2 | 238.3 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 802.7 | 369.9 | 480.5 | 830.1 | 393.5 | -6.4 | 704.7 | 1108.9 | 712.4 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 3132.9 | 2737.2 | 3197.1 | 3288.4 | 3319.9 | 3112.2 | 3067.8 | 3073 | 2766.6 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1930.5 | 1313.4 | 2630.5 | 1759.4 | 3398.9 | 3017.2 | 2346.3 | 2338.1 | 2129.3 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -1 | -0.9 | 2.2 | 0.5 | 9.1 | 0.2 | -1.1 | 9.7 | 14.4 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 252 | 78.2 | 225.3 | 553.9 | 150.2 | 102.4 | 95 | 541.2 | 278.9 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1611 | 1287.5 | 2382 | 1166 | 3148.9 | 2923.9 | 2289.1 | 1688.4 | 1640.8 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 68.5 | -51.3 | 21 | 39.1 | 90.8 | -9.2 | -36.6 | 98.8 | 195.2 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 719.9 | 1251.5 | 502.4 | 1538.6 | -260.9 | 44.6 | 687.2 | 417.3 | 258.7 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -125.1 | 134.8 | 1.5 | -163.5 | 120 | 28.1 | 21.2 | -15.8 | -32.8 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -11.5 | 53 | 41.3 | 1.9 | 43.1 | 11 | 109.2 | 26.1 | 18.5 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 539.4 | 793.3 | 114.3 | 1431.6 | -588.8 | -292.9 | -92.7 | -59.5 | 22.6 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 73.5 | 186.1 | 182.7 | 139.7 | 193.2 | 222.5 | 175.5 | 161.2 | 183 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 163.8 | 82.3 | 39.1 | 82.2 | 12 | 48.6 | 13.5 | 124.2 | 38.6 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -61.2 | -22.9 | 93.2 | 24.6 | 136.6 | 54.8 | 156.7 | 54.7 | 130.7 | 19 |
| Mortgage real estate investment trusts; debt securities; liability | FA644122075 | 23.8 | 13 | -0.2 | -2.4 | -18.8 | -11.4 | 31.9 | -2.1 | -19.7 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 33.8 | 18.4 | 0.1 | -27.2 | -72.5 | 39.4 | 60.9 | 87.8 | 40.9 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 65 | -3.2 | 19.6 | 24.8 | -26.9 | -207.7 | 288.2 | 7.8 | -92.7 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 18.4 | -3.2 | 10.8 | 26.9 | -58.8 | 152.2 | -77.2 | 32.9 | -30.4 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 482.5 | 172.2 | 64.2 | -9.5 | 181.9 | 50.3 | 34.3 | 317.6 | 378.6 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 3132.9 | 2737.2 | 3197.1 | 3288.4 | 3319.9 | 3112.2 | 3067.8 | 3073 | 2766.6 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -601 | 2170.6 | 1411.1 | 2558.5 | 1278.8 | 625 | 1182.3 | -963.8 | 1802 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -1108.5 | 1813.1 | 1274.7 | 2304 | 1000.4 | 326.8 | 1467.3 | -1273 | 1681.8 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 37.8 | -5.4 | -4.3 | 24.6 | 46.8 | 180.8 | -269.3 | 85.3 | -73.7 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 2.3 | 12.8 | -0.2 | -7.3 | 8.9 | 15.1 | -17.6 | 5.7 | 2.4 | 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 | 467.3 | 350.1 | 141 | 237.1 | 222.6 | 102.3 | 1.9 | 218.2 | 191.4 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 3061.7 | -153.8 | 687.7 | -192.8 | 700.9 | 1458.6 | 784.2 | 2956.9 | 378.9 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 1537.1 | -175.9 | -957.2 | -1101.9 | -953 | -880.8 | -893 | -883.6 | -879.5 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 1240.1 | -109.6 | -394.1 | -472.1 | -465.3 | -530 | -109.1 | 528.8 | -197.8 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -12.5 | 58.4 | -36.7 | -100.1 | 52.9 | -18.4 | -81.2 | 60.2 | 36.9 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 7.9 | 10.5 | 19.4 | -8.4 | 1.1 | 83.2 | 1.8 | 6.3 | 12.4 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 101.5 | 29.6 | -40.7 | -54 | -20.9 | -25.2 | -62.5 | -11.5 | 10.1 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 71 | 80.1 | 87.9 | 74.9 | 45.9 | 213.8 | 16.8 | 225.2 | 414.7 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 176.7 | 191.9 | 87.6 | 190.3 | 84.1 | 84.6 | -8.6 | 310.6 | 216.6 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 189.7 | -50.1 | 32.1 | 5.3 | 67 | 53.9 | 2.3 | 72.2 | 56.2 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | -2 | -3.1 | 2.5 | 1.5 | 6.6 | -2.3 | 4.1 | 1.7 | -3.6 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 149.4 | 15.6 | 33.9 | 82.4 | -56.1 | 22.5 | 86.6 | 105.2 | 36 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -956.4 | -546.8 | 1392.9 | 704.1 | 1360.5 | 1723.4 | 1783.4 | 1269.3 | 119.9 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 595 | -191.6 | 134.4 | 72 | 412.2 | 255.2 | -201.8 | 691.6 | 137.6 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 9.2 | -0.6 | -0.9 | 1.1 | 0 | -1.4 | -3.5 | 0.5 | -0.9 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 202.7 | 206.5 | 203.3 | 200.1 | 199.2 | 155.3 | 258.9 | 201.2 | 277.9 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -71.2 | 13.9 | 56 | 25.1 | 68.1 | 55.8 | 75.1 | -23.9 | 51.9 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 1.5 | 4.6 | -5 | -0.2 | -7.6 | -5 | -7 | -9 | -9.3 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 18.2 | -4.2 | -25.8 | -50.2 | -8.5 | -6.5 | -38 | 4.4 | -1.1 | 49 |
| Mortgage real estate investment trusts; debt securities; asset | FA644022075 | -37.9 | -1.3 | 23.8 | 77.9 | 10 | 47.4 | -40.3 | 8.8 | 21.4 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -174.4 | 135.8 | 128.3 | 476.4 | -48.4 | 249.2 | -164.1 | 466.9 | -50.7 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 29.4 | 58.6 | -4.9 | -71.5 | 1.5 | 55.4 | -5 | -37.5 | 13.7 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -13.4 | 124.1 | -48.9 | -245.5 | -48.2 | -71.2 | 169.2 | -30.2 | 116.6 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 672.3 | 720.3 | 1098.2 | 922.8 | 1340.2 | 1028.6 | 1101.4 | 1079.9 | 585.7 | 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: September 12, 2024