Board of Governors of the Federal Reserve System

Millions of dollars

Type of issue or issuer, or use		2023	2024	2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026
1	All issues, new and refunding 1	1,445,909	2,118,760	2,581,195	196,016	177,071	308,302	243,914	269,735	126,758	243,513	335,778
2	Bonds 2	1,392,684	1,968,137	2,399,377	177,377	168,136	291,639	225,860	251,326	96,086	230,478	317,012
	By type of offering
3	Sold in the United States	1,371,736	1,944,845	2,337,623	171,792	164,782	282,450	221,579	243,948	93,033	225,220	292,358
4	Sold abroad	20,948	23,292	61,754	5,585	3,354	9,190	4,281	7,378	3,053	5,258	24,654
	MEMO
5	Private placements, domestic	75,335	99,048	94,299	9,488	2,095	10,406	3,867	4,991	8,064	100	n.a.
	By industry group
6	Nonfinancial	635,167	847,379	1,030,465	51,809	77,704	147,659	82,995	132,168	39,062	68,114	195,938
7	Financial	757,517	1,120,758	1,368,912	125,568	90,432	143,980	142,865	119,158	57,024	162,364	121,074
8	Stocks 3	64,068	152,169	197,048	18,639	8,945	16,698	18,069	27,056	34,517	13,053	23,578
	By industry group
9	Nonfinancial	44,563	94,573	119,771	7,278	5,921	10,617	10,516	22,395	24,638	7,508	12,721
10	Financial	19,506	57,596	77,277	11,361	3,025	6,080	7,553	4,661	9,880	5,545	10,856

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