Financial Accounts of the United States - Z.1
F.208 Debt Securities (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2015 | 2016 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1265.9 | 1561.4 | 1473.9 | 1908.4 | 3697.0 | 1717.3 | 1807.9 | 411.6 | 1783.0 | 1 |
| All sectors; open market paper; liability | FA893169175 | 11.1 | -56.6 | 81.1 | 30.0 | 148.7 | 25.6 | 66.2 | -120.3 | 123.9 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 724.4 | 842.8 | 447.0 | 1411.2 | 2827.3 | 1190.6 | 1183.2 | 443.8 | 704.7 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 220.6 | 351.6 | 346.9 | 245.5 | 256.5 | 236.0 | 220.5 | 269.0 | 383.6 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 14.6 | 44.9 | 13.4 | -59.8 | -95.4 | -14.8 | -73.3 | -55.5 | -16.6 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 295.2 | 378.7 | 585.5 | 281.5 | 560.1 | 279.8 | 411.4 | -125.3 | 587.5 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1265.9 | 1561.4 | 1473.9 | 1908.4 | 3697.0 | 1717.3 | 1807.9 | 411.6 | 1783.0 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1153.5 | 1160.5 | 761.0 | 1463.4 | 3040.7 | 1207.9 | 1274.8 | 330.3 | 1095.5 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -8.3 | -3.1 | 1.8 | -2.1 | 7.2 | -1.4 | -12.1 | -1.9 | -3.9 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 427.8 | 289.3 | 314.4 | 109.2 | 297.0 | 34.7 | 149.5 | -44.5 | 422.2 | 10 |
| Federal government; debt securities; liability | FA314122005 | 724.6 | 842.7 | 447.0 | 1409.8 | 2828.3 | 1186.0 | 1180.4 | 444.3 | 701.7 | 11 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 9.5 | 31.6 | -2.0 | -53.4 | -91.8 | -11.4 | -42.9 | -67.6 | -24.5 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 143.7 | 395.1 | 338.2 | 350.8 | 257.1 | 382.6 | 404.6 | 358.8 | 614.2 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -12.3 | -24.0 | -54.3 | 19.5 | 55.5 | 32.5 | 31.0 | -40.9 | -17.9 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -3.0 | 6.4 | -11.1 | 1.6 | 13.1 | 6.5 | -15.7 | 2.4 | -4.8 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 93.5 | 194.2 | 153.1 | 81.1 | 80.1 | 79.6 | 68.5 | 96.1 | 256.4 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 126.9 | 157.5 | 193.8 | 165.9 | 175.3 | 161.0 | 154.8 | 172.4 | 130.1 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -49.8 | -94.6 | -47.8 | 11.8 | -36.7 | 65.8 | 22.3 | -4.0 | 31.5 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -16.0 | -67.1 | -51.2 | 44.1 | -1.2 | 79.0 | 99.0 | -0.5 | -18.9 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | -7.8 | 21.8 | 21.6 | 30.8 | 6.9 | -6.1 | 36.4 | 85.9 | 49.5 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 7.4 | -2.2 | 56.5 | -1.7 | -40.3 | -33.0 | 34.2 | 32.4 | -8.5 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -49.1 | 165.2 | 94.4 | -46.9 | -54.2 | -69.7 | -27.0 | -36.9 | 155.6 | 22 |
| Funding corporations; debt securities; liability | FA504122005 | 53.9 | 37.9 | -16.9 | 44.7 | 58.7 | 66.9 | 1.2 | 51.9 | 41.2 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | -31.3 | 5.8 | 374.6 | 94.2 | 399.2 | 126.7 | 128.5 | -277.5 | 73.3 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1265.9 | 1561.4 | 1473.9 | 1908.4 | 3697.0 | 1717.3 | 1807.9 | 411.6 | 1783.0 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 277.6 | 46.4 | 16.8 | 729.4 | 611.4 | 861.6 | 750.0 | 694.5 | 760.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 292.0 | 18.9 | -2.4 | 792.5 | 706.6 | 764.1 | 750.5 | 948.9 | 842.1 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -3.3 | -7.5 | 38.5 | 2.2 | -0.7 | -19.9 | -55.2 | 84.6 | 22.0 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 5.0 | 1.9 | 5.1 | 6.3 | 4.7 | 7.4 | 3.5 | 9.6 | 5.3 | 29 |
| Federal government; debt securities; asset | FA314022005 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 30 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -16.0 | 33.1 | -24.5 | -71.7 | -99.3 | 110.0 | 51.3 | -348.6 | -109.1 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 581.8 | 1173.4 | 807.0 | 1009.6 | 2524.7 | 583.1 | 466.8 | 463.7 | 335.7 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -10.4 | -35.8 | -10.9 | -379.4 | -176.1 | -345.9 | -436.6 | -559.2 | -382.3 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 195.6 | 288.7 | 110.5 | 75.5 | -17.1 | 88.5 | 30.3 | 200.2 | 228.0 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 6.0 | 5.1 | 27.3 | 27.6 | -11.3 | 45.1 | -14.1 | 90.7 | -59.3 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 1.1 | 1.4 | 1.6 | 5.1 | 6.0 | 2.8 | 10.9 | 0.7 | 4.0 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 0.3 | -1.6 | -5.7 | -8.9 | -8.1 | 1.1 | -10.0 | -18.5 | -27.6 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 22.4 | 45.4 | 33.0 | 42.4 | 0.4 | 21.7 | 71.2 | 76.1 | 49.6 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 98.3 | 135.7 | 77.0 | 89.4 | 116.2 | 80.4 | 97.5 | 63.5 | 99.9 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | -12.0 | 42.4 | 61.5 | 77.0 | 84.0 | 85.6 | 115.4 | 23.0 | 110.9 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 93.1 | 100.9 | -83.2 | 308.6 | 807.5 | 99.3 | 190.3 | 137.2 | -855.8 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 4.3 | 3.3 | 77.6 | 87.1 | 203.4 | -8.9 | 57.4 | 96.6 | 206.6 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 51.9 | 166.3 | -68.1 | 181.7 | 741.0 | -175.5 | -46.0 | 207.3 | 323.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 116.7 | 246.6 | 383.7 | 196.2 | 658.0 | 398.5 | 265.9 | -537.5 | 369.4 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.6 | 1.5 | 1.1 | 0.9 | -0.0 | 5.5 | -1.9 | 0.2 | 5.1 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 55.3 | 83.9 | 121.9 | 98.8 | 63.8 | 123.1 | 87.9 | 120.4 | 135.3 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -25.3 | -4.2 | -38.6 | 1.5 | 20.7 | 18.9 | -12.9 | -21.0 | 38.8 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 0.9 | -8.3 | -8.3 | 7.3 | 5.4 | 4.2 | 12.6 | 7.2 | 15.5 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 2.2 | 9.9 | -10.6 | -4.5 | 3.9 | -5.8 | 5.6 | -21.7 | -18.3 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | -44.7 | -26.4 | 56.7 | 26.9 | -17.7 | -8.7 | 84.5 | 49.5 | 120.9 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -36.7 | 5.0 | 0.5 | 137.8 | -141.5 | 92.4 | -26.2 | 626.6 | -98.2 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | -4.0 | 3.2 | 14.4 | 31.5 | 53.8 | 20.6 | 43.0 | 8.6 | 6.2 | 52 |
| Funding corporations; debt securities; asset | FA504022005 | 66.3 | 110.4 | 65.7 | 7.1 | 132.3 | 40.1 | -58.1 | -86.0 | 63.7 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 406.5 | 341.7 | 650.1 | 169.5 | 560.9 | 272.6 | 591.2 | -746.7 | 686.9 | 54 |
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 (table F.101).
Last Update: June 6, 2019