Financial Accounts of the United States - Z.1
F3.2.s Treasury securities 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total liabilities | FL313161105 | 26226.6 | 28139.5 | 30069.6 | 28447.3 | 28518.3 | 29571.6 | 30069.6 | 30641.5 | 30878.3 |
| Line 2 | Treasury bills | FL313161110 | 5674.8 | 6186.2 | 6546.6 | 6155.1 | 5783.5 | 6396.6 | 6546.6 | 6819.2 | 6690.1 |
| Line 3 | Other Treasury notes, bonds, and TIPS(2) | FL313161275 | 20551.7 | 21953.3 | 23523.1 | 22292.2 | 22734.8 | 23175.0 | 23523.1 | 23822.3 | 24188.2 |
| Line 4 | Total assets | FL893061105 | 24193.9 | 25990.4 | 28481.0 | 26732.7 | 26772.3 | 27977.8 | 28481.0 | 28934.2 | 29013.6 |
| Line 5 | Household sector | LM153061105 | 2361.9 | 2371.7 | 2709.9 | 2556.4 | 2642.3 | 2709.2 | 2709.9 | 2673.8 | 2831.1 |
| Line 6 | Nonfinancial corporate business | LM103061103 | 111.4 | 215.9 | 236.3 | 225.3 | 226.5 | 231.4 | 236.3 | 225.2 | 218.6 |
| Line 7 | Nonfinancial noncorporate business | LM113061003 | 81.1 | 85.0 | 91.1 | 86.2 | 87.7 | 89.2 | 91.1 | 93.4 | 94.8 |
| Line 8 | State and local governments | LM213061103 | 1438.3 | 1514.3 | 1601.5 | 1530.6 | 1573.6 | 1615.8 | 1601.5 | 1598.7 | 1647.6 |
| Line 9 | Central bank | LM713061103 | 4403.1 | 3819.9 | 3854.9 | 3832.2 | 3811.0 | 3830.9 | 3854.9 | 4000.4 | 4082.7 |
| Line 10 | Treasury bills | LM713061113 | 214.4 | 193.5 | 231.6 | 193.7 | 193.7 | 193.9 | 231.6 | 392.8 | 485.3 |
| Line 11 | Other Treasury securities | LM713061125 | 4188.7 | 3626.4 | 3623.3 | 3638.5 | 3617.4 | 3637.0 | 3623.3 | 3607.6 | 3597.4 |
| Line 12 | U.S.-chartered depository institutions | LM763061100 | 1329.2 | 1536.8 | 1744.8 | 1545.5 | 1637.1 | 1725.4 | 1744.8 | 1817.6 | 1799.1 |
| Line 13 | Foreign banking offices in U.S. | LM753061103 | 93.5 | 100.3 | 125.2 | 108.4 | 122.3 | 124.1 | 125.2 | 135.2 | 140.0 |
| Line 14 | Banks in U.S.-affiliated areas | LM743061103 | 21.7 | 22.8 | 24.7 | 23.8 | 24.9 | 24.6 | 24.7 | 25.6 | 28.2 |
| Line 15 | Credit unions | LM473061105 | 69.6 | 62.8 | 67.0 | 63.2 | 64.6 | 66.4 | 67.0 | 71.1 | 73.6 |
| Line 16 | Property-casualty insurance companies | LM513061105 | 263.6 | 362.5 | 368.7 | 372.1 | 341.0 | 391.5 | 368.7 | 405.0 | 380.2 |
| Line 17 | Treasury bills | LM513061115 | 96.5 | 184.8 | 175.4 | 188.6 | 152.6 | 196.0 | 175.4 | 205.8 | 183.2 |
| Line 18 | Other Treasury securities | LM513061125 | 167.0 | 177.7 | 193.2 | 183.5 | 188.4 | 195.5 | 193.2 | 199.2 | 197.0 |
| Line 19 | Life insurance companies | LM543061105 | 182.0 | 187.3 | 208.4 | 192.2 | 194.5 | 203.4 | 208.4 | 219.0 | 229.2 |
| Line 20 | Treasury bills | LM543061115 | 18.8 | 22.2 | 18.9 | 23.7 | 20.8 | 19.5 | 18.9 | 23.8 | 25.5 |
| Line 21 | Other Treasury securities | LM543061125 | 163.3 | 165.0 | 189.5 | 168.5 | 173.8 | 183.8 | 189.5 | 195.2 | 203.7 |
| Line 22 | Private pension funds | LM573061105 | 484.8 | 503.8 | 563.1 | 522.7 | 532.1 | 555.5 | 563.1 | 573.0 | 590.2 |
| Line 23 | Defined benefit plans | LM573061143 | 268.8 | 278.3 | 283.5 | 283.4 | 283.0 | 285.0 | 283.5 | 281.6 | 280.3 |
| Line 24 | Defined contribution plans | LM573061133 | 216.0 | 225.5 | 279.6 | 239.3 | 249.1 | 270.4 | 279.6 | 291.4 | 310.0 |
| Line 25 | Federal government pension funds | LM343061105 | 19.9 | 21.0 | 24.0 | 21.7 | 21.6 | 22.5 | 24.0 | 23.4 | 23.3 |
| Line 26 | Defined benefit plans | LM343061165 | 6.2 | 5.9 | 6.1 | 5.9 | 5.6 | 6.1 | 6.1 | 6.1 | 5.7 |
| Line 27 | Defined contribution plans | LM343061113 | 13.8 | 15.0 | 17.9 | 15.7 | 16.0 | 16.4 | 17.9 | 17.4 | 17.6 |
| Line 28 | State and local govt. pension funds | LM223061143 | 411.1 | 475.7 | 551.7 | 491.7 | 490.8 | 519.2 | 551.7 | 569.3 | 561.6 |
| Line 29 | Money market funds | FL633061105 | 2269.5 | 2994.9 | 3517.8 | 2880.6 | 2614.0 | 3232.4 | 3517.8 | 3426.4 | 3281.6 |
| Line 30 | Treasury bills | FL633061110 | 1866.0 | 2428.2 | 2687.1 | 2235.0 | 1918.2 | 2451.9 | 2687.1 | 2467.8 | 2317.6 |
| Line 31 | Other Treasury securities | FL633061120 | 403.5 | 566.6 | 830.8 | 645.5 | 695.8 | 780.5 | 830.8 | 958.6 | 964.0 |
| Line 32 | Mutual funds | LM653061105 | 1389.7 | 1516.1 | 1685.2 | 1545.1 | 1541.4 | 1641.2 | 1685.2 | 1733.7 | 1741.2 |
| Line 33 | Treasury bills | LM653061113 | 12.8 | 11.6 | 14.4 | 11.5 | 10.1 | 12.7 | 14.4 | 13.1 | 13.0 |
| Line 34 | Other Treasury securities | LM653061125 | 1376.9 | 1504.5 | 1670.8 | 1533.6 | 1531.3 | 1628.5 | 1670.8 | 1720.5 | 1728.3 |
| Line 35 | Closed-end funds | LM553061103 | 2.1 | 1.9 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 |
| Line 36 | Exchange-traded funds | LM563061103 | 502.3 | 555.8 | 706.0 | 604.9 | 635.7 | 674.9 | 706.0 | 780.1 | 807.6 |
| Line 37 | Hedge funds | LM623061103 | 100.8 | 102.2 | 102.8 | 111.1 | 106.2 | 98.1 | 102.8 | 108.8 | 123.5 |
| Line 38 | Government-sponsored enterprises | LM403061105 | 163.6 | 224.0 | 243.5 | 232.3 | 257.9 | 254.7 | 243.5 | 242.5 | 274.2 |
| Line 39 | ABS issuers | FL673061103 | 31.4 | 26.2 | 19.2 | 22.6 | 20.4 | 19.0 | 19.2 | 19.0 | 18.6 |
| Line 40 | Brokers and dealers | LM663061105 | 328.7 | 454.2 | 542.5 | 487.3 | 513.2 | 492.6 | 542.5 | 620.4 | 566.7 |
| Line 41 | Holding companies | LM733061103 | 132.4 | 130.1 | 120.9 | 137.4 | 131.0 | 126.6 | 120.9 | 119.9 | 129.4 |
| Line 42 | Other financial business | FL503061123 | 62.3 | 86.0 | 102.6 | 83.3 | 86.3 | 89.6 | 102.6 | 101.8 | 99.3 |
| Line 43 | Rest of the world | LM263061105 | 7940.0 | 8619.3 | 9267.2 | 9054.2 | 9094.0 | 9237.5 | 9267.2 | 9348.7 | 9269.2 |
| Line 44 | Treasury bills | LM263061110 | 1083.1 | 1305.3 | 1447.6 | 1416.8 | 1420.4 | 1419.2 | 1447.6 | 1512.2 | 1419.7 |
| Line 45 | Other Treasury securities | LM263061120 | 6856.9 | 7314.0 | 7819.6 | 7637.4 | 7673.6 | 7818.3 | 7819.6 | 7836.4 | 7849.5 |
| Line 46 | Discrepancy(3) | LM903061103 | 2032.6 | 2149.0 | 1588.6 | 1714.6 | 1746.1 | 1593.9 | 1588.6 | 1707.3 | 1864.7 |
| Memo: | |||||||||||
| Line 47 | Nonmarketable Treasury securities(4) | FL313169205 | 3225.1 | 3456.8 | 3817.4 | 3185.0 | 3025.0 | 3520.1 | 3817.4 | 3818.5 | 3857.4 |
Notes:
- Marketable Treasury securities (net of premiums and discounts) issued by the federal government and held by sectors other than the federal government.
- Includes long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank.
- The accumulated valuation difference between issuance and holdings.
- Nonmarketable Treasury securities are classified as other loans and advances because they are not negotiable and are therefore not considered debt securities.
Last Update: September 11, 2026