Financial Accounts of the United States - Z.1
L.208 Debt Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
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| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 55879.1 | 59089.3 | 56874.5 | 57333.3 | 58119 | 59089.3 | 59935.7 | 60226 | 61460.9 | 1 |
| All sectors; open market paper; liability | FL893169175 | 1203.7 | 1225 | 1167.4 | 1176.9 | 1206.6 | 1225 | 1237.4 | 1219.5 | 1190.4 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 23845 | 26226.6 | 24282 | 24772.4 | 25630.2 | 26226.6 | 26808.6 | 26903.1 | 27586.4 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 11678.6 | 11976 | 12041.3 | 11972.4 | 11938.8 | 11976 | 11973.7 | 12057.5 | 12137.8 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 4044.3 | 4066.5 | 4048.8 | 4064.9 | 4055.1 | 4066.5 | 4091.1 | 4136.9 | 4171 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 15107.6 | 15595.2 | 15334.9 | 15346.7 | 15288.3 | 15595.2 | 15824.9 | 15909 | 16375.3 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 55879.1 | 59089.3 | 56874.5 | 57333.3 | 58119 | 59089.3 | 59935.7 | 60226 | 61460.9 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 35298.4 | 37930 | 35902.7 | 36423.5 | 37295.5 | 37930 | 38661.3 | 38850.2 | 39667 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 204 | 206.1 | 204.2 | 206.4 | 206.4 | 206.1 | 208.6 | 212.1 | 213.8 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 8009.5 | 8235.5 | 8172.6 | 8191.4 | 8210.8 | 8235.5 | 8365.4 | 8420.5 | 8522.1 | 10 |
| Federal government; debt securities; liability | FL314122005 | 23864.8 | 26246.7 | 24301.8 | 24790.4 | 25649.7 | 26246.7 | 26828.6 | 26923.4 | 27606.7 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3220.1 | 3241.6 | 3224.2 | 3235.4 | 3228.6 | 3241.6 | 3258.8 | 3294.2 | 3324.3 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 16852.6 | 17347.3 | 17214 | 17181 | 17154.9 | 17347.3 | 17428.3 | 17522.8 | 17756.6 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 446.6 | 448.1 | 405.7 | 435.7 | 442.8 | 448.1 | 441.4 | 434.7 | 408.8 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 106.7 | 148 | 107.2 | 118 | 120.7 | 148 | 153.4 | 158.7 | 150.8 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 8970.8 | 9085.1 | 9303.7 | 9189.4 | 9098.3 | 9085.1 | 9047.5 | 9086.5 | 9123.1 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2687.9 | 2870.7 | 2717.9 | 2765 | 2820.9 | 2870.7 | 2906.2 | 2950.8 | 2994.4 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1469.4 | 1507.3 | 1483.7 | 1487.3 | 1498.3 | 1507.3 | 1531.8 | 1541.7 | 1570 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 1062.4 | 1155.6 | 1068.5 | 1103 | 1112.7 | 1155.6 | 1169.7 | 1197.8 | 1223.4 | 19 |
| Mortgage real estate investment trusts; debt securities; liability | FL644122075 | 213.4 | 211.8 | 211.7 | 207 | 204 | 211.8 | 211.6 | 206.7 | 209.1 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 236.1 | 236.2 | 229.3 | 211.2 | 221 | 236.2 | 258.2 | 268.4 | 338.1 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1541.8 | 1556.3 | 1548 | 1541.2 | 1486.4 | 1556.3 | 1558.2 | 1535.1 | 1590.3 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 117.4 | 128.2 | 138.3 | 123.3 | 149.8 | 128.2 | 150.2 | 142.4 | 148.6 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 3728.1 | 3812.1 | 3757.7 | 3728.8 | 3668.6 | 3812.1 | 3846.1 | 3853 | 4037.3 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 50952.8 | 55213.8 | 52808.5 | 52852.6 | 52298.1 | 55213.8 | 55809 | 56052.3 | 58949.1 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 7405.5 | 8974.1 | 8249.3 | 8415.1 | 8484 | 8974.1 | 8936.9 | 9193.2 | 9641.5 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4632.2 | 5930.3 | 5355.7 | 5462.8 | 5521.3 | 5930.3 | 5825.9 | 6030.8 | 6308.9 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 382.2 | 378.3 | 386.4 | 398 | 432 | 378.3 | 391.8 | 373.8 | 391.7 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 85.7 | 87.8 | 86.7 | 87.2 | 87.4 | 87.8 | 88.3 | 88.8 | 89.3 | 29 |
| Federal government; debt securities; asset | FL314022005 | 4.9 | 4.4 | 4.9 | 4.7 | 4.6 | 4.4 | 4 | 4.1 | 4.5 | 30 |
| State and local governments; debt securities; asset | LM214022005 | 2300.6 | 2573.3 | 2415.7 | 2462.4 | 2438.7 | 2573.3 | 2626.8 | 2695.7 | 2847 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 31065.8 | 32463.5 | 31645.8 | 31358 | 30748.5 | 32463.5 | 32883.6 | 32750 | 34372.9 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 7353.4 | 6527.6 | 7247.5 | 6906.3 | 6397.6 | 6527.6 | 6208.3 | 5959.3 | 6067.2 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 5620.7 | 5361.6 | 5575.5 | 5407 | 5169.4 | 5361.6 | 5416 | 5368.4 | 5579 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 297.8 | 271.5 | 280.4 | 290 | 275.7 | 271.5 | 283.9 | 291.6 | 297.3 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 50.9 | 73.2 | 50 | 49.6 | 68.9 | 73.2 | 74.1 | 76.8 | 77.1 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 385.4 | 353.9 | 381.3 | 370.6 | 356.1 | 353.9 | 349.9 | 348.5 | 352 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1241.7 | 1363.7 | 1287.1 | 1283.4 | 1291.9 | 1363.7 | 1408.2 | 1504 | 1642.2 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3904.9 | 4013.9 | 4021.8 | 3967.4 | 3811.9 | 4013.9 | 4057 | 4080 | 4315.5 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1487.4 | 1549.1 | 1522.3 | 1511.8 | 1466.4 | 1549.1 | 1536.8 | 1536 | 1605.5 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 39.7 | 43.3 | 40.9 | 42.1 | 40.4 | 43.3 | 43.3 | 42.3 | 44.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 1024.4 | 1099.2 | 1090.8 | 1065.7 | 1035.9 | 1099.2 | 1151.8 | 1207.6 | 1294 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 2022 | 3414.8 | 2206.9 | 2392.5 | 2881.2 | 3414.8 | 3742 | 3611.5 | 3887.4 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4794 | 5065.6 | 4931.2 | 4975.9 | 4861.5 | 5065.6 | 5193.2 | 5227.3 | 5490.6 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 152.5 | 153.8 | 152.6 | 150.9 | 144.8 | 153.8 | 154.6 | 153.7 | 156.7 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 1258.7 | 1493.5 | 1336.9 | 1371.7 | 1367.3 | 1493.5 | 1531.5 | 1588.2 | 1741.6 | 46 |
| Government-sponsored enterprises; debt securities; asset | LM404022005 | 395.6 | 456.4 | 407.9 | 421.6 | 427.2 | 456.4 | 451.5 | 464.7 | 490.8 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 36.4 | 31.4 | 36.4 | 34.5 | 33.2 | 31.4 | 29.2 | 26.9 | 24.4 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 52 | 28.3 | 40.9 | 38.3 | 35.3 | 28.3 | 29.1 | 37.2 | 37.2 | 49 |
| Mortgage real estate investment trusts; debt securities; asset | LM644022075 | 159 | 187.4 | 181.3 | 181.8 | 191.1 | 187.4 | 188.5 | 194.1 | 213.1 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 311.4 | 447.7 | 420.5 | 405 | 435.4 | 447.7 | 541.5 | 530.7 | 598 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 181.7 | 182.4 | 168.6 | 166.3 | 174.2 | 182.4 | 170.8 | 173.7 | 178.8 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 296 | 345.2 | 264.8 | 325.5 | 282.9 | 345.2 | 322.5 | 327.5 | 280 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 12481.5 | 13776.3 | 12913.4 | 13079.5 | 13065.5 | 13776.3 | 13988.5 | 14109.2 | 14934.7 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | 4926.3 | 3875.5 | 4066 | 4480.8 | 5820.9 | 3875.5 | 4126.7 | 4173.7 | 2511.7 | 55 |
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 (tables L.101 and B.101).
- The accumulated valuation difference between issuance and holdings.
Last Update: December 12, 2024