The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
Federal Open Market Committee
Monetary Policy Principles and Practice
Policy Implementation
Reports
Review of Monetary Policy Strategy, Tools, and Communications
Supervision
Reporting Forms
Legal Developments
Mergers, Acquisitions, and Other Applications
Supervision and Regulation Letters
Regulatory and Policy Resources
Banking and Data Structure
Financial Stability Assessments
Financial Stability Coordination & Actions
Regulations & Statutes
Payment Policies
Reserve Bank Payment Services & Data
Financial Market Utilities & Infrastructures
Research, Reports, & Committees
Working Papers and Notes
Data, Models and Tools
Bank Assets and Liabilities
Bank Structure Data
Business Finance
Dealer Financing Terms
Exchange Rates and International Data
Financial Accounts
Household Finance
Industrial Activity
Interest Rates
Micro Data Reference Manual (MDRM)
Money Stock and Reserve Balances
Other
Regulations
Supervision & Enforcement
Community Development
Research & Analysis
Resources for Consumers
Add to Clipboard
The households and nonprofit organizations sector is the residual holder of corporate and foreign bonds. That is, transactions, stocks outstanding, and seasonal adjustment factors are calculated as total corporate and foreign bonds issued, less the holdings of all other sectors. The stocks outstanding residual calculation also subtracts the corporate and foreign bond instrument discrepancy (FOF series FL903063003), which accounts for valuation differences between issuance and holdings. Beginning 1996:Q4, revaluations are estimated based on the Merrill Lynch U.S. Corporate Master market price index. Other volume changes are calculated as the change in stocks outstanding, less transactions and revaluations.