Board of Governors of the Federal Reserve System

Millions of dollars

Type of issue or issuer, or use		2023	2024	2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026
1	All issues, new and refunding 1	1,445,909	2,118,587	2,580,039	190,789	196,016	177,007	308,253	243,563	269,048	126,753	227,285
2	Bonds 2	1,392,684	1,967,965	2,398,221	173,705	177,377	168,073	291,590	225,509	250,639	96,081	214,280
	By type of offering
3	Sold in the United States	1,371,736	1,944,672	2,336,467	165,467	171,792	164,718	282,400	221,229	243,261	93,028	209,238
4	Sold abroad	20,948	23,292	61,754	8,238	5,585	3,354	9,190	4,281	7,378	3,053	5,042
	MEMO
5	Private placements, domestic	75,335	99,048	90,923	8,013	8,446	2,095	8,120	3,867	4,921	7,814	n.a.
	By industry group
6	Nonfinancial	635,167	847,379	1,030,465	70,154	51,809	77,704	147,659	82,995	132,168	39,062	60,287
7	Financial	757,517	1,120,586	1,367,756	103,551	125,568	90,368	143,931	142,514	118,470	57,019	153,993
8	Stocks 3	64,068	152,169	197,048	17,085	18,639	8,945	16,698	18,069	27,056	34,517	13,023
	By industry group
9	Nonfinancial	44,563	94,573	119,771	9,089	7,278	5,921	10,617	10,516	22,395	24,638	6,724
10	Financial	19,506	57,596	77,277	7,996	11,361	3,025	6,080	7,553	4,661	9,880	6,299

1. Figures represent gross proceeds of issues maturing in more than one year; they are the principal amount or number of units calculated by multiplying by the offering price. Figures exclude secondary offerings, employee stock plans, investment companies other than closed-end, intracorporate transactions, Yankee bonds, and private placements listed. Stock data include ownership securities issued by limited partnerships.  Return to table
2. Monthly data include 144(a) offerings.  Return to table
3. Monthly data include public offerings.  Return to table