Financial Accounts of the United States - Z.1
L.208 Debt Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2016 | 2017 | 2018 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 41624.1 | 43181.3 | 45041.1 | 42724.7 | 43181.3 | 44019.3 | 44150.2 | 44587.8 | 45041.1 | 1 |
| All sectors; open market paper; liability | FL893169175 | 884.9 | 965.9 | 996.0 | 982.4 | 965.9 | 1048.5 | 1051.5 | 1045.5 | 996.0 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 15983.8 | 16430.9 | 17842.1 | 16230.7 | 16430.9 | 17046.0 | 17090.7 | 17417.8 | 17842.1 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 8520.6 | 8867.4 | 9112.5 | 8758.9 | 8867.4 | 8872.0 | 8960.0 | 9021.5 | 9112.5 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3866.4 | 3879.3 | 3821.1 | 3835.4 | 3879.3 | 3858.9 | 3860.4 | 3833.4 | 3821.1 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 12368.4 | 13037.7 | 13269.4 | 12917.4 | 13037.7 | 13193.9 | 13187.6 | 13269.5 | 13269.4 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 41624.1 | 43181.3 | 45041.1 | 42724.7 | 43181.3 | 44019.3 | 44150.2 | 44587.8 | 45041.1 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 25170.5 | 25921.8 | 27364.1 | 25662.2 | 25921.8 | 26588.0 | 26630.1 | 26952.4 | 27364.1 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 216.4 | 218.8 | 218.6 | 216.6 | 218.8 | 220.6 | 220.3 | 219.0 | 218.6 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 5848.4 | 6153.3 | 6240.1 | 6126.8 | 6153.3 | 6221.8 | 6221.6 | 6238.7 | 6240.1 | 10 |
| Federal government; debt securities; liability | FL314122005 | 16008.3 | 16455.3 | 17865.0 | 16255.1 | 16455.3 | 17070.6 | 17114.2 | 17440.6 | 17865.0 | 11 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FL213162005 | 3097.4 | 3094.4 | 3040.5 | 3063.6 | 3094.4 | 3075.0 | 3074.1 | 3054.1 | 3040.5 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 13652.4 | 13954.4 | 14315.3 | 13895.4 | 13954.4 | 14001.0 | 14120.7 | 14213.5 | 14315.3 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 274.7 | 222.3 | 261.1 | 261.6 | 222.3 | 248.0 | 252.5 | 259.5 | 261.1 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 48.4 | 34.8 | 36.4 | 43.5 | 34.8 | 33.8 | 35.0 | 35.0 | 36.4 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6563.2 | 6716.3 | 6796.9 | 6658.1 | 6716.3 | 6685.7 | 6736.1 | 6753.3 | 6796.9 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 1933.0 | 2126.8 | 2292.6 | 2076.4 | 2126.8 | 2161.7 | 2200.4 | 2245.4 | 2292.6 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1231.3 | 1169.3 | 1158.9 | 1180.8 | 1169.3 | 1157.2 | 1164.7 | 1165.3 | 1158.9 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 886.3 | 835.1 | 888.7 | 854.9 | 835.1 | 833.0 | 854.9 | 878.7 | 888.7 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 417.3 | 439.0 | 468.3 | 424.5 | 439.0 | 447.3 | 445.6 | 454.5 | 468.3 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 129.1 | 185.7 | 184.0 | 175.5 | 185.7 | 175.6 | 167.4 | 175.9 | 184.0 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1375.7 | 1448.7 | 1402.6 | 1459.6 | 1448.7 | 1435.1 | 1417.7 | 1410.9 | 1402.6 | 22 |
| Funding corporations; debt securities; liability | FL504122005 | 793.4 | 776.5 | 825.6 | 760.6 | 776.5 | 823.7 | 846.5 | 835.0 | 825.6 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FL264122005 | 2801.2 | 3305.0 | 3361.6 | 3167.1 | 3305.0 | 3430.3 | 3399.4 | 3421.9 | 3361.6 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 41468.4 | 43222.4 | 44320.6 | 42863.7 | 43222.4 | 43572.4 | 43512.5 | 43767.6 | 44320.6 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6218.6 | 6252.5 | 7141.6 | 6165.4 | 6252.5 | 6488.6 | 6714.3 | 6921.2 | 7141.6 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4512.1 | 4538.9 | 5434.9 | 4487.8 | 4538.9 | 4802.1 | 4985.3 | 5181.8 | 5434.9 | 27 |
| Nonfinancial corporate business; debt securities; asset | FL104022005 | 199.4 | 232.3 | 219.3 | 221.7 | 232.3 | 227.9 | 241.4 | 234.7 | 219.3 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FL114022005 | 72.8 | 78.7 | 86.0 | 76.5 | 78.7 | 80.1 | 82.1 | 83.1 | 86.0 | 29 |
| Federal government; debt securities; asset | FL314022005 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 30 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FL214022005 | 1433.8 | 1402.1 | 1400.9 | 1378.9 | 1402.1 | 1378.0 | 1404.9 | 1421.1 | 1400.9 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 24588.6 | 25562.2 | 26056.7 | 25344.6 | 25562.2 | 25796.3 | 25640.1 | 25654.1 | 26056.7 | 32 |
| Monetary authority; debt securities; asset | FL714022005 | 4221.2 | 4223.5 | 3862.1 | 4240.3 | 4223.5 | 4183.7 | 4102.0 | 3997.4 | 3862.1 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3637.7 | 3757.4 | 3760.6 | 3735.8 | 3757.4 | 3695.0 | 3654.6 | 3653.8 | 3760.6 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 276.0 | 303.3 | 319.4 | 259.8 | 303.3 | 293.0 | 300.5 | 295.5 | 319.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 13.2 | 14.9 | 19.7 | 13.5 | 14.9 | 16.0 | 16.6 | 19.2 | 19.7 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 217.5 | 213.0 | 204.1 | 216.4 | 213.0 | 213.3 | 213.4 | 206.7 | 204.1 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1064.2 | 1097.2 | 1085.7 | 1074.1 | 1097.2 | 1073.2 | 1069.9 | 1072.0 | 1085.7 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3407.3 | 3585.8 | 3468.2 | 3550.6 | 3585.8 | 3519.7 | 3486.9 | 3464.8 | 3468.2 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1224.2 | 1282.2 | 1319.3 | 1268.3 | 1282.2 | 1272.9 | 1278.4 | 1303.0 | 1319.3 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 1836.6 | 1753.7 | 2061.2 | 1841.5 | 1753.7 | 1916.9 | 1927.6 | 1969.5 | 2061.2 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 890.9 | 978.1 | 1011.9 | 946.0 | 978.1 | 1004.8 | 989.4 | 989.4 | 1011.9 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1748.7 | 1680.7 | 1862.3 | 1595.6 | 1680.7 | 1822.4 | 1709.5 | 1723.6 | 1862.3 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4077.1 | 4514.5 | 4614.8 | 4438.8 | 4514.5 | 4575.6 | 4624.5 | 4669.0 | 4614.8 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 161.9 | 166.9 | 164.6 | 167.3 | 166.9 | 164.1 | 165.1 | 164.4 | 164.6 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 429.0 | 556.2 | 635.5 | 537.1 | 556.2 | 563.9 | 589.7 | 609.6 | 635.5 | 46 |
| Government-sponsored enterprises; debt securities; asset | FL404022005 | 442.6 | 404.0 | 403.6 | 410.9 | 404.0 | 409.2 | 414.0 | 410.8 | 403.6 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 19.9 | 11.5 | 18.9 | 10.7 | 11.5 | 12.9 | 13.9 | 17.1 | 18.9 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 73.1 | 63.8 | 59.9 | 64.4 | 63.8 | 62.7 | 60.0 | 61.4 | 59.9 | 49 |
| Real estate investment trusts; debt securities; asset | FL644022005 | 240.9 | 297.6 | 322.4 | 282.8 | 297.6 | 290.6 | 288.1 | 309.1 | 322.4 | 50 |
| Security brokers and dealers; debt securities; asset | FL664022005 | 305.6 | 306.1 | 443.9 | 304.8 | 306.1 | 281.5 | 311.3 | 297.0 | 443.9 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 58.7 | 67.2 | 98.0 | 59.3 | 67.2 | 79.3 | 83.8 | 94.1 | 98.0 | 52 |
| Funding corporations; debt securities; asset | FL504022005 | 242.4 | 284.8 | 320.7 | 326.6 | 284.8 | 345.6 | 341.1 | 326.8 | 320.7 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FL264022005 | 10661.1 | 11407.8 | 11122.3 | 11353.8 | 11407.8 | 11287.4 | 11158.1 | 11192.3 | 11122.3 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | 155.7 | -41.2 | 720.5 | -139.0 | -41.2 | 447.0 | 637.7 | 820.2 | 720.5 | 55 |
NOTES
- Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
- Liability of the households and nonprofit organizations sector (tables L.101 and B.101).
- The accumulated valuation difference between issuance and holdings.
Last Update: March 7, 2019