Financial Accounts of the United States - Z.1
F3.3.s Agency- and GSE-backed securities 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total liabilities | FL893161705 | 11976.0 | 12274.6 | 12487.8 | 12296.5 | 12436.1 | 12458.6 | 12487.8 | 12561.9 | 12762.6 |
| Line 2 | Budget agencies | FL313161705 | 20.2 | 20.5 | 21.9 | 20.7 | 21.1 | 22.1 | 21.9 | 22.1 | 21.2 |
| Line 3 | Government-sponsored enterprises | FL403161705 | 9085.1 | 9209.5 | 9256.0 | 9197.8 | 9287.9 | 9263.9 | 9256.0 | 9308.5 | 9459.5 |
| Line 4 | Agency- and GSE-backed mortgage pools | FL413065005 | 2870.7 | 3044.6 | 3209.9 | 3078.0 | 3127.1 | 3172.7 | 3209.9 | 3231.3 | 3281.9 |
| Line 5 | Total assets | FL893061705 | 11112.7 | 11298.2 | 11824.4 | 11495.0 | 11645.7 | 11768.9 | 11824.4 | 11843.3 | 12017.9 |
| Line 6 | Household sector | LM153061705 | 965.6 | 1030.4 | 921.9 | 932.3 | 926.9 | 903.2 | 921.9 | 822.2 | 868.9 |
| Line 7 | Nonfinancial corporate business | LM103061703 | 37.1 | 72.0 | 77.5 | 73.5 | 74.1 | 75.7 | 77.5 | 73.9 | 71.7 |
| Line 8 | Federal government | FL313061703 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 9 | State and local governments | LM213061703 | 422.0 | 438.7 | 463.9 | 443.4 | 455.9 | 468.1 | 463.9 | 463.1 | 475.7 |
| Line 10 | Central bank | LM713061705 | 2120.7 | 1869.1 | 1771.2 | 1869.8 | 1823.7 | 1805.2 | 1771.2 | 1726.0 | 1670.6 |
| Line 11 | U.S.-chartered depository institutions | LM763061705 | 2782.2 | 2748.3 | 2835.7 | 2828.4 | 2828.6 | 2849.0 | 2835.7 | 2855.2 | 2837.6 |
| Line 12 | Foreign banking offices in U.S. | LM753061703 | 43.0 | 49.3 | 63.7 | 51.8 | 54.3 | 57.7 | 63.7 | 66.6 | 72.7 |
| Line 13 | Banks in U.S.-affiliated areas | LM743061703 | 15.5 | 14.7 | 13.4 | 14.2 | 14.0 | 13.7 | 13.4 | 13.4 | 13.2 |
| Line 14 | Credit unions | LM473061705 | 252.8 | 248.2 | 260.4 | 255.8 | 258.7 | 260.8 | 260.4 | 268.7 | 271.6 |
| Line 15 | Property-casualty insurance companies | LM513061705 | 160.1 | 199.4 | 238.2 | 209.1 | 218.8 | 232.2 | 238.2 | 240.6 | 243.0 |
| Line 16 | Life insurance companies | LM543061705 | 264.8 | 259.2 | 272.8 | 266.9 | 272.7 | 276.8 | 272.8 | 272.5 | 276.7 |
| Line 17 | Private pension funds | LM573061705 | 247.8 | 258.1 | 269.4 | 262.0 | 262.8 | 268.1 | 269.4 | 273.1 | 278.9 |
| Line 18 | Federal government pension funds | LM343061705 | 10.0 | 10.1 | 11.4 | 10.4 | 10.6 | 11.1 | 11.4 | 11.1 | 11.3 |
| Line 19 | State and local govt. pension funds | LM223061743 | 162.2 | 181.4 | 205.7 | 184.4 | 206.7 | 220.3 | 205.7 | 220.3 | 216.3 |
| Line 20 | Money market funds | FL633061700 | 708.2 | 886.4 | 1013.1 | 902.4 | 992.8 | 998.8 | 1013.1 | 1100.2 | 1207.6 |
| Line 21 | Mutual funds | LM653061703 | 685.4 | 730.0 | 793.4 | 758.6 | 755.4 | 773.8 | 793.4 | 781.1 | 782.5 |
| Line 22 | Hedge funds | LM623061703 | 11.0 | -8.8 | -10.2 | -7.9 | -7.9 | -9.0 | -10.2 | -11.5 | -13.4 |
| Line 23 | Government-sponsored enterprises | LM403061705 | 264.2 | 271.2 | 299.1 | 277.5 | 283.5 | 289.2 | 299.1 | 306.3 | 315.0 |
| Line 24 | ABS issuers | FL673061703 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 25 | Mortgage REITs | LM643061773 | 176.5 | 194.0 | 263.0 | 209.1 | 217.2 | 238.5 | 263.0 | 270.1 | 276.5 |
| Line 26 | Brokers and dealers | LM663061705 | 424.0 | 461.8 | 628.3 | 566.4 | 623.8 | 619.3 | 628.3 | 650.4 | 659.6 |
| Line 27 | Holding companies | LM733061703 | 18.0 | 21.1 | 21.9 | 21.3 | 22.0 | 22.3 | 21.9 | 21.6 | 21.5 |
| Line 28 | Rest of the world | LM263061705 | 1341.4 | 1363.8 | 1410.5 | 1365.6 | 1350.9 | 1394.1 | 1410.5 | 1418.3 | 1460.3 |
| Line 29 | Discrepancy(2) | LM903061703 | 863.3 | 976.3 | 663.4 | 801.4 | 790.4 | 689.8 | 663.4 | 718.7 | 744.7 |
Notes:
- Agency- and GSE-backed securities include: issues of federal budget agencies such as those for the TVA; issues of government sponsored enterprises such as Fannie Mae and FHLB; and agency- and GSE-backed mortgage pool securities issued by Ginnie Mae, Fannie Mae, Freddie Mac, and the Farmers Home Administration. Only the budget agency issues are considered officially to be part of the total debt of the federal government, which is shown on table S1311.s, budget agency securities.
- The accumulated valuation difference between issuance and holdings.
Last Update: September 11, 2026