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 | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; corporate and foreign bonds; liability | FA893163005 | 370.0 | 480.2 | 729.3 | -3.6 | 709.5 | 1067.4 | 747.7 | 1196.1 | -94.0 | 1 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163005 | 18.5 | 206.6 | 274.9 | 47.9 | 44.0 | 439.0 | 282.9 | 475.6 | -97.8 | 2 |
| Domestic financial sectors; corporate and foreign bonds; liability | FA793163005 | 89.4 | 191.1 | 210.9 | -17.1 | 630.5 | 287.6 | 77.5 | 647.0 | -168.6 | 3 |
| U.S.-chartered depository institutions; corporate and foreign bonds; liability | FA763163005 | 68.2 | -2.8 | -10.7 | 10.0 | 12.2 | -14.1 | -15.2 | 30.8 | -44.2 | 4 |
| Issuers of asset-backed securities; corporate and foreign bonds; liability (1) | FA673163005 | 26.5 | 95.4 | 65.2 | 114.0 | 97.3 | 113.0 | 59.5 | 9.3 | 78.9 | 5 |
| Finance companies; corporate and foreign bonds; liability | FA613163005 | -31.8 | 82.5 | 74.3 | 33.7 | 142.9 | 120.5 | 89.1 | 115.2 | -27.4 | 6 |
| Mortgage real estate investment trusts; corporate and foreign bonds, excluding FHLB advances; liability | FA643163075 | 12.7 | -0.6 | -0.9 | -12.0 | 35.6 | -5.0 | -19.5 | 9.3 | 11.4 | 7 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 18.4 | 0.1 | 91.1 | 39.4 | 60.9 | 59.1 | 32.5 | 272.4 | 0.5 | 8 |
| Holding companies; corporate and foreign bonds; liability | FA733163005 | -4.6 | 16.5 | -8.1 | -202.1 | 281.7 | 14.0 | -68.8 | 210.1 | -187.8 | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| Rest of the world; bonds; liability (2) | FA263163005 | 262.1 | 82.6 | 243.5 | -34.3 | 35.1 | 340.8 | 387.3 | 73.5 | 172.4 | 11 |
| All sectors; corporate and foreign bonds; asset (3) | FA893063005 | 370.0 | 480.2 | 729.3 | -3.6 | 709.5 | 1067.4 | 747.7 | 1196.1 | -94.0 | 12 |
| Households and nonprofit organizations; corporate and foreign bonds; asset | FA153063005 | -228.4 | 88.5 | -356.8 | -512.5 | 805.1 | -709.6 | -129.1 | 141.4 | -729.8 | 13 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | FA123063003 | 2.7 | -2.6 | -3.0 | 3.7 | -9.6 | -0.8 | -8.4 | -4.1 | 1.3 | 14 |
| Federal government; corporate and foreign bonds; asset | FA313063005 | 0.0 | -0.0 | 0.0 | 0.0 | -0.0 | -0.3 | 0.1 | 0.0 | 0.3 | 15 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | 45.7 | 0.3 | 18.7 | 11.2 | -40.6 | 25.3 | 38.0 | 2.6 | 9.0 | 16 |
| Federal government; other U.S. reserves, foreign securities; asset | FA713011525 | 0.0 | -0.0 | 0.0 | 0.0 | -0.0 | -0.3 | 0.1 | 0.0 | 0.3 | 17 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds; asset | FA763063005 | 107.7 | -74.6 | -50.1 | -220.9 | -121.4 | 156.1 | -92.2 | 48.0 | -312.3 | 18 |
| U.S.-chartered depository institutions; private MBS and CMOs; asset | FA763063605 | 13.9 | -8.3 | -10.6 | -12.2 | -5.1 | -10.4 | -24.8 | -0.8 | -6.3 | 19 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds, excluding private MBS and CMOs; asset | FA763063095 | 93.8 | -66.3 | -39.6 | -208.7 | -116.2 | 166.4 | -67.4 | 48.8 | -306.0 | 20 |
| Foreign banking offices in the U.S., including IBFs; corporate and foreign bonds; asset | FA753063005 | 42.2 | -32.8 | 15.1 | 9.6 | -71.8 | 26.5 | 1.7 | -37.8 | 70.1 | 21 |
| Banks in U.S.-affiliated areas; corporate and foreign bonds; asset | FA743063005 | 2.0 | 22.8 | 6.2 | 80.2 | 12.3 | 0.3 | 11.1 | 2.3 | 10.9 | 22 |
| Credit unions; corporate and foreign bonds; asset | FA473063005 | 3.2 | -1.3 | 4.7 | 3.1 | -1.2 | 9.8 | 5.1 | -0.6 | 4.6 | 23 |
| Credit unions; mortgage-backed securities and other asset-backed bonds; asset | FA473063605 | 3.1 | -1.0 | 4.9 | 3.2 | -0.5 | 10.4 | 5.1 | -0.3 | 4.6 | 24 |
| Credit unions; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA473063095 | 0.1 | -0.3 | -0.2 | -0.1 | -0.6 | -0.6 | -0.0 | -0.3 | 0.0 | 25 |
| Property-casualty insurance companies; corporate and foreign bonds, including those held by U.S. residual market reinsurers; asset | FA513063005 | 38.9 | 40.7 | 71.1 | 57.4 | 10.9 | 107.1 | 64.5 | 88.5 | 24.4 | 26 |
| Property-casualty insurance companies; mortgage-backed securities and other asset-backed bonds, including those held by U.S. residual market reinsurers; asset | FA513063605 | 9.5 | 9.2 | 15.0 | 11.4 | 6.2 | 22.8 | 13.2 | 19.6 | 4.6 | 27 |
| Property-casualty insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA513063095 | 29.4 | 31.4 | 56.1 | 45.9 | 4.7 | 84.3 | 51.3 | 69.0 | 19.9 | 28 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 224.4 | 95.1 | 187.4 | 92.4 | -5.1 | 272.9 | 205.4 | 214.5 | 56.6 | 29 |
| Life insurance companies, general accounts; mortgage-backed securities and other asset-backed bonds, including those held by U.S. captive reinsurers; asset | FA543063675 | 34.1 | 9.5 | 30.6 | 36.9 | -101.8 | 50.0 | 33.5 | 43.4 | -4.6 | 30 |
| Life insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA543063095 | 190.4 | 85.6 | 156.8 | 55.5 | 96.6 | 222.9 | 172.0 | 171.1 | 61.2 | 31 |
| Private pension funds; corporate and foreign bonds; asset | FA573063005 | -21.5 | 2.2 | 9.4 | 9.1 | -4.4 | 5.7 | 20.7 | 3.9 | 7.3 | 32 |
| Federal government retirement funds; corporate and foreign bonds; asset | FA343063005 | 0.0 | 0.4 | 0.4 | -1.5 | 1.5 | 0.8 | 0.2 | 0.5 | 0.2 | 33 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | 73.9 | -44.0 | 66.3 | -40.4 | -42.5 | 36.0 | 122.4 | 62.3 | 44.5 | 34 |
| Money market funds; corporate and foreign bonds; asset | FA633063005 | -0.7 | -0.8 | 1.8 | -3.0 | -13.6 | 1.3 | 2.7 | 10.8 | -7.5 | 35 |
| Mutual funds; corporate and foreign bonds; asset (market value) | FA653063005 | -77.5 | -14.0 | 179.9 | 91.8 | -160.6 | 423.2 | 69.0 | 30.8 | 196.5 | 36 |
| Closed-end funds; corporate and foreign bonds; asset | FA553063003 | -0.0 | 0.1 | -0.1 | -0.8 | 0.2 | 0.6 | 0.3 | -1.1 | -0.3 | 37 |
| Exchange-traded funds; corporate and foreign bonds; asset | FA563063003 | 61.6 | 90.1 | 203.4 | 31.5 | 168.8 | 165.2 | 167.9 | 255.9 | 224.6 | 38 |
| Government-sponsored enterprises; corporate and foreign bonds; asset | FA403063005 | 1.3 | 2.1 | -0.5 | 2.6 | 0.5 | 0.8 | -1.8 | -0.6 | -0.2 | 39 |
| Government-sponsored enterprises; mortgage-backed securities and other asset-backed bonds; asset | FA403063605 | 1.7 | 2.5 | -0.1 | 2.9 | 0.8 | 1.1 | -1.3 | -0.0 | 0.1 | 40 |
| Government-sponsored enterprises; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA403063095 | -0.4 | -0.4 | -0.4 | -0.3 | -0.3 | -0.3 | -0.4 | -0.6 | -0.3 | 41 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -4.2 | -25.8 | -4.6 | -6.5 | -38.0 | 4.4 | 33.5 | -62.0 | 5.6 | 42 |
| Mortgage real estate investment trusts; corporate and foreign bonds; asset | FA643063073 | 2.0 | 0.4 | 1.1 | 3.4 | 0.2 | 1.4 | 1.8 | -1.4 | 2.4 | 43 |
| Security brokers and dealers; corporate and foreign bonds (net); asset | FA663063005 | -12.6 | 21.6 | 1.1 | 46.1 | -19.3 | 56.4 | 4.3 | -25.0 | -31.3 | 44 |
| Holding companies; corporate and foreign bonds; asset | FA733063003 | 5.0 | 1.4 | -3.2 | 18.9 | 1.9 | -9.4 | 8.9 | -24.6 | 12.2 | 45 |
| Other financial business; corporate and foreign bonds, including financial stabilization programs; asset | FA503063005 | -1.3 | 0.4 | 4.5 | -4.2 | -3.7 | 25.9 | 0.6 | 25.7 | -34.1 | 46 |
| Rest of the world; corporate bonds; asset (4) | FA263063005 | 105.6 | 309.8 | 376.5 | 325.3 | 240.0 | 468.2 | 220.9 | 466.1 | 350.6 | 47 |
| Rest of the world; U.S. mortgage-backed securities and other U.S. asset-backed bonds; asset | FA263063603 | 12.3 | 40.0 | 20.8 | 25.1 | 35.5 | 40.0 | -15.1 | 38.9 | 19.2 | 48 |
| Rest of the world: U.S. corporate bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | FA263063095 | 93.3 | 269.8 | 355.7 | 300.2 | 204.5 | 428.2 | 236.0 | 427.2 | 331.4 | 49 |
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 13, 2025