Financial Accounts of the United States - Z.1
F3.2.t Treasury securities 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net issues | FA313161105 | 2381.6 | 1912.9 | 1930.2 | 1056.2 | 921.8 | 3988.7 | 1753.9 | 2126.0 | 1579.4 |
| Line 2 | Treasury bills | FA313161110 | 1978.7 | 511.4 | 360.4 | -299.4 | -848.7 | 2227.9 | 361.7 | 929.0 | 116.1 |
| Line 3 | Other Treasury notes, bonds, and TIPS(2) | FA313161275 | 402.9 | 1401.5 | 1569.8 | 1355.7 | 1770.5 | 1760.8 | 1392.2 | 1197.0 | 1463.4 |
| Line 4 | Net purchases | FA893061105 | 2381.6 | 1912.9 | 1930.2 | 1056.2 | 921.8 | 3988.7 | 1753.9 | 2126.0 | 1579.4 |
| Line 5 | Household sector | FA153061105 | 781.1 | 41.2 | 248.7 | 519.3 | 403.7 | 160.3 | -88.5 | -39.1 | 738.1 |
| Line 6 | Nonfinancial corporate business | FA103061103 | 19.9 | 107.9 | 13.0 | 16.3 | 3.5 | 12.7 | 19.4 | -39.5 | -23.9 |
| Line 7 | Nonfinancial noncorporate business | FA113061003 | -3.3 | 4.8 | 3.0 | -3.6 | 5.5 | 2.5 | 7.6 | 11.4 | 7.0 |
| Line 8 | State and local governments | FA213061103 | 77.0 | 93.7 | 31.8 | -84.5 | 160.2 | 110.1 | -58.6 | 26.8 | 220.2 |
| Line 9 | Central bank | FA713061103 | -740.9 | -515.3 | -82.8 | -310.1 | -62.3 | -65.6 | 106.6 | 624.9 | 391.3 |
| Line 10 | Treasury bills | FA713061113 | -72.4 | -20.9 | 38.2 | 1.2 | 0.1 | 0.8 | 150.6 | 645.4 | 370.3 |
| Line 11 | Other Treasury securities | FA713061125 | -668.6 | -494.4 | -121.0 | -311.3 | -62.4 | -66.4 | -43.9 | -20.5 | 20.9 |
| Line 12 | U.S.-chartered depository institutions | FA763061100 | -90.1 | 194.3 | 178.7 | -17.6 | 345.2 | 331.1 | 55.9 | 316.1 | -61.8 |
| Line 13 | Foreign banking offices in U.S. | FA753061103 | 2.3 | 7.8 | 21.0 | 22.3 | 54.7 | 2.7 | 4.2 | 43.2 | 21.3 |
| Line 14 | Banks in U.S.-affiliated areas | FA743061103 | -2.4 | 1.3 | 1.0 | 1.6 | 4.3 | -2.1 | 0.3 | 4.2 | 10.6 |
| Line 15 | Credit unions | FA473061105 | -9.9 | -6.1 | 2.0 | -4.3 | 5.2 | 4.5 | 2.5 | 18.1 | 11.1 |
| Line 16 | Property-casualty insurance companies | FA513061105 | 46.5 | 99.9 | 1.1 | 22.2 | -124.3 | 196.5 | -90.1 | 150.0 | -96.2 |
| Line 17 | Treasury bills | FA513061115 | 28.5 | 88.2 | -9.4 | 15.2 | -143.9 | 173.4 | -82.1 | 121.3 | -90.2 |
| Line 18 | Other Treasury securities | FA513061125 | 18.0 | 11.6 | 10.4 | 7.0 | 19.6 | 23.1 | -8.0 | 28.7 | -6.0 |
| Line 19 | Life insurance companies | FA543061105 | 0.1 | 12.4 | 11.3 | -0.3 | 4.4 | 25.3 | 15.7 | 47.1 | 43.7 |
| Line 20 | Treasury bills | FA543061115 | 1.2 | 3.4 | -3.3 | 5.8 | -11.6 | -4.9 | -2.6 | 19.6 | 6.9 |
| Line 21 | Other Treasury securities | FA543061125 | -1.1 | 9.0 | 14.6 | -6.1 | 16.0 | 30.1 | 18.3 | 27.5 | 36.9 |
| Line 22 | Private pension funds | FA573061105 | 47.4 | 25.2 | 40.8 | 25.5 | 33.6 | 73.7 | 30.2 | 52.6 | 78.1 |
| Line 23 | Defined benefit plans | FA573061143 | 36.8 | 12.9 | -4.9 | -7.1 | -3.9 | -2.4 | -6.4 | -1.0 | -1.0 |
| Line 24 | Defined contribution plans | FA573061133 | 10.6 | 12.3 | 45.7 | 32.6 | 37.5 | 76.0 | 36.6 | 53.5 | 79.0 |
| Line 25 | Federal government pension funds | FA343061105 | 1.7 | 1.3 | 2.4 | 1.2 | -0.5 | 2.9 | 6.2 | -1.8 | -0.3 |
| Line 26 | Defined benefit plans | FA343061165 | 0.6 | -0.2 | 0.1 | -0.2 | -1.3 | 1.9 | 0.2 | -0.2 | -1.4 |
| Line 27 | Defined contribution plans | FA343061113 | 1.1 | 1.5 | 2.3 | 1.4 | 0.8 | 1.0 | 6.0 | -1.6 | 1.1 |
| Line 28 | State and local govt. pension funds | FA223061143 | 78.2 | 70.2 | 58.6 | 17.2 | -7.5 | 95.4 | 129.4 | 83.3 | -21.8 |
| Line 29 | Money market funds | FA633061105 | 1205.5 | 725.4 | 523.0 | -571.5 | -480.7 | 2227.6 | 916.6 | -484.3 | 24.7 |
| Line 30 | Treasury bills | FA633061110 | 1264.0 | 562.2 | 258.8 | -887.1 | -681.8 | 1888.9 | 715.4 | -995.7 | 3.3 |
| Line 31 | Other Treasury securities | FA633061120 | -58.5 | 163.1 | 264.1 | 315.5 | 201.1 | 338.7 | 201.2 | 511.4 | 21.4 |
| Line 32 | Mutual funds | FA653061105 | 19.2 | 133.8 | 116.0 | -27.9 | -26.7 | 344.1 | 174.4 | 232.3 | 56.2 |
| Line 33 | Treasury bills | FA653061113 | 0.1 | -1.2 | 2.8 | -0.4 | -5.5 | 10.4 | 6.8 | -5.0 | -0.7 |
| Line 34 | Other Treasury securities | FA653061125 | 19.1 | 135.1 | 113.2 | -27.5 | -21.2 | 333.8 | 167.5 | 237.3 | 56.9 |
| Line 35 | Closed-end funds | FA553061103 | -0.3 | -0.1 | 0.0 | 0.1 | -0.1 | -0.0 | 0.2 | -0.1 | 0.1 |
| Line 36 | Exchange-traded funds | FA563061103 | 98.5 | 72.0 | 140.3 | 145.9 | 133.6 | 138.3 | 143.2 | 302.2 | 121.3 |
| Line 37 | Hedge funds | FA623061103 | 0.7 | 2.4 | -3.2 | 25.5 | -20.7 | -36.1 | 18.5 | 26.4 | 60.6 |
| Line 38 | Government-sponsored enterprises | FA403061105 | 4.2 | 62.5 | 11.1 | 11.9 | 100.5 | -22.3 | -45.7 | 1.4 | 129.7 |
| Line 39 | ABS issuers | FA673061103 | -5.0 | -5.2 | -7.1 | -14.7 | -8.8 | -5.3 | 0.5 | -0.5 | -1.9 |
| Line 40 | Brokers and dealers | FA663061105 | 108.0 | 130.2 | 71.2 | 87.6 | 99.9 | -101.8 | 199.1 | 324.6 | -205.1 |
| Line 41 | Holding companies | FA733061103 | -4.6 | -0.5 | -13.2 | 19.0 | -26.5 | -22.3 | -22.9 | -1.2 | 39.7 |
| Line 42 | Other financial business | FA503061123 | 19.5 | 23.7 | 16.6 | -10.7 | 12.1 | 13.3 | 51.9 | -3.1 | -10.0 |
| Line 43 | Rest of the world | FA263061105 | 728.2 | 630.2 | 545.0 | 1185.8 | 313.6 | 503.2 | 177.3 | 430.9 | 46.7 |
| Line 44 | Treasury bills | FA263061110 | 120.0 | 140.3 | 116.4 | 268.9 | -18.4 | 24.8 | 190.3 | 173.9 | -408.8 |
| Line 45 | Other Treasury securities | FA263061120 | 608.3 | 489.9 | 428.6 | 916.9 | 332.0 | 478.5 | -13.0 | 257.0 | 455.5 |
| Memo: | |||||||||||
| Line 46 | Nonmarketable Treasury securities(3) | FA313169205 | 238.5 | 231.7 | 360.7 | -966.9 | -565.7 | 2046.7 | 928.6 | 129.1 | 230.5 |
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.
- 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