Financial Accounts of the United States - Z.1
F3.2.t Treasury securities 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net issues | FA313161105 | 2381.6 | 1912.9 | 1930.2 | 1966.6 | 1056.2 | 921.8 | 3988.7 | 1753.9 | 2126.0 |
| Line 2 | Treasury bills | FA313161110 | 1978.7 | 511.4 | 360.4 | 482.6 | -299.4 | -848.7 | 2227.9 | 361.7 | 929.0 |
| Line 3 | Other Treasury notes, bonds, and TIPS(2) | FA313161275 | 402.9 | 1401.5 | 1569.8 | 1484.0 | 1355.7 | 1770.5 | 1760.8 | 1392.2 | 1197.0 |
| Line 4 | Net purchases | FA893061105 | 2381.6 | 1912.9 | 1930.2 | 1966.6 | 1056.2 | 921.8 | 3988.7 | 1753.9 | 2126.0 |
| Line 5 | Household sector | FA153061105 | 814.5 | 147.0 | 276.2 | -92.2 | 546.3 | 381.6 | 115.8 | 60.9 | 241.9 |
| Line 6 | Nonfinancial corporate business | FA103061103 | 19.9 | 11.0 | 17.5 | 19.5 | 20.8 | 8.0 | 17.2 | 24.0 | -35.0 |
| Line 7 | Nonfinancial noncorporate business | FA113061003 | -3.3 | 4.5 | 2.5 | 17.6 | -4.1 | 4.9 | 2.1 | 7.3 | 9.3 |
| Line 8 | State and local governments | FA213061103 | 66.5 | 85.2 | 31.4 | 85.0 | -73.9 | 157.6 | 102.2 | -60.3 | 36.6 |
| Line 9 | Central bank | FA713061103 | -740.9 | -515.3 | -82.8 | -314.6 | -310.1 | -62.3 | -65.6 | 106.6 | 624.9 |
| Line 10 | Treasury bills | FA713061113 | -72.4 | -20.9 | 38.2 | 0.4 | 1.2 | 0.1 | 0.8 | 150.6 | 645.4 |
| Line 11 | Other Treasury securities | FA713061125 | -668.6 | -494.4 | -121.0 | -315.0 | -311.3 | -62.4 | -66.4 | -43.9 | -20.5 |
| Line 12 | U.S.-chartered depository institutions | FA763061100 | -90.1 | 194.3 | 178.7 | 302.9 | -17.6 | 345.2 | 331.1 | 55.9 | 316.1 |
| Line 13 | Foreign banking offices in U.S. | FA753061103 | 2.3 | 7.8 | 21.0 | -28.1 | 22.3 | 54.7 | 2.7 | 4.2 | 43.2 |
| Line 14 | Banks in U.S.-affiliated areas | FA743061103 | -2.4 | 1.3 | 1.0 | 8.0 | 1.6 | 4.3 | -2.1 | 0.3 | 4.2 |
| Line 15 | Credit unions | FA473061105 | -9.9 | -6.1 | 2.0 | 0.4 | -4.3 | 5.2 | 4.5 | 2.5 | 18.0 |
| Line 16 | Property-casualty insurance companies | FA513061105 | 46.5 | 99.9 | -1.0 | -226.5 | 15.0 | -124.5 | 195.8 | -90.1 | 100.5 |
| Line 17 | Treasury bills | FA513061115 | 28.5 | 88.2 | -9.4 | -240.5 | 14.7 | -143.6 | 172.9 | -81.5 | 121.3 |
| Line 18 | Other Treasury securities | FA513061125 | 18.0 | 11.6 | 8.4 | 14.1 | 0.4 | 19.1 | 22.8 | -8.7 | -20.7 |
| Line 19 | Life insurance companies | FA543061105 | 0.1 | 12.4 | 9.9 | 7.2 | -4.6 | -1.7 | 27.2 | 18.7 | 13.1 |
| Line 20 | Treasury bills | FA543061115 | 1.2 | 3.4 | -3.3 | 3.5 | 5.8 | -11.6 | -4.9 | -2.6 | 19.6 |
| Line 21 | Other Treasury securities | FA543061125 | -1.1 | 9.0 | 13.2 | 3.7 | -10.5 | 9.9 | 32.1 | 21.4 | -6.5 |
| Line 22 | Private pension funds | FA573061105 | 47.4 | 45.4 | 59.0 | 49.3 | 50.3 | 64.3 | 68.1 | 53.2 | 33.5 |
| Line 23 | Defined benefit plans | FA573061143 | 36.8 | 20.9 | 21.7 | 21.6 | 21.0 | 21.9 | 21.4 | 22.4 | 19.4 |
| Line 24 | Defined contribution plans | FA573061133 | 10.6 | 24.4 | 37.3 | 27.7 | 29.3 | 42.4 | 46.7 | 30.9 | 14.1 |
| Line 25 | Federal government pension funds | FA343061105 | 1.7 | 1.3 | 1.2 | 4.5 | 1.2 | -0.5 | 2.9 | 1.1 | -1.8 |
| Line 26 | Defined benefit plans | FA343061165 | 0.6 | -0.2 | 0.1 | 0.2 | -0.2 | -1.3 | 1.9 | 0.2 | -0.2 |
| Line 27 | Defined contribution plans | FA343061113 | 1.1 | 1.5 | 1.0 | 4.4 | 1.4 | 0.8 | 1.0 | 0.9 | -1.6 |
| Line 28 | State and local govt. pension funds | FA223061143 | 72.5 | 72.4 | 32.3 | -23.1 | 16.4 | -9.2 | 98.9 | 23.2 | 72.3 |
| Line 29 | Money market funds | FA633061105 | 1205.5 | 725.4 | 523.0 | 1120.0 | -571.5 | -480.7 | 2227.6 | 916.6 | -484.3 |
| Line 30 | Treasury bills | FA633061110 | 1264.0 | 562.2 | 258.8 | 694.8 | -887.1 | -681.8 | 1888.9 | 715.4 | -995.7 |
| Line 31 | Other Treasury securities | FA633061120 | -58.5 | 163.1 | 264.1 | 425.2 | 315.5 | 201.1 | 338.7 | 201.2 | 511.4 |
| Line 32 | Mutual funds | FA653061105 | 2.8 | 134.7 | 129.7 | 201.9 | -5.0 | -20.1 | 350.5 | 193.5 | 83.0 |
| Line 33 | Treasury bills | FA653061113 | 0.1 | -1.2 | 2.8 | 8.9 | -0.4 | -5.5 | 10.4 | 6.8 | 2.3 |
| Line 34 | Other Treasury securities | FA653061125 | 2.7 | 136.0 | 126.9 | 193.0 | -4.6 | -14.6 | 340.1 | 186.7 | 80.7 |
| Line 35 | Closed-end funds | FA553061103 | -0.3 | -0.1 | 0.0 | -0.4 | 0.1 | -0.1 | -0.0 | 0.2 | -0.1 |
| Line 36 | Exchange-traded funds | FA563061103 | 98.5 | 72.0 | 140.3 | 53.1 | 145.9 | 133.6 | 138.3 | 143.2 | 298.3 |
| Line 37 | Government-sponsored enterprises | FA403061105 | 4.2 | 62.5 | 11.1 | 159.3 | 11.9 | 100.5 | -22.3 | -45.7 | 1.4 |
| Line 38 | ABS issuers | FA673061103 | -5.0 | -5.2 | -7.1 | 1.3 | -14.7 | -8.8 | -5.3 | 0.5 | -0.5 |
| Line 39 | Brokers and dealers | FA663061105 | 108.0 | 130.2 | 71.2 | 311.0 | 87.6 | 99.9 | -101.8 | 199.1 | 324.6 |
| Line 40 | Holding companies | FA733061103 | -4.6 | -0.5 | -13.2 | 7.6 | 19.0 | -26.5 | -22.3 | -22.9 | -1.2 |
| Line 41 | Other financial business | FA503061123 | 19.5 | 23.7 | 16.6 | 34.8 | -10.7 | 12.1 | 13.3 | 51.9 | -3.1 |
| Line 42 | Rest of the world | FA263061105 | 728.2 | 609.1 | 509.6 | 267.9 | 1134.2 | 284.2 | 509.9 | 110.0 | 430.9 |
| Line 43 | Treasury bills | FA263061110 | 120.0 | 130.7 | 117.0 | 240.5 | 268.9 | -34.1 | 29.5 | 203.8 | 173.9 |
| Line 44 | Other Treasury securities | FA263061120 | 608.3 | 478.4 | 392.6 | 27.3 | 865.3 | 318.3 | 480.4 | -93.8 | 257.0 |
| Memo: | |||||||||||
| Line 45 | Nonmarketable Treasury securities(3) | FA313169205 | 238.5 | 231.7 | 360.7 | 405.8 | -966.9 | -565.7 | 2046.7 | 928.6 | 129.1 |
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: June 11, 2026