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 | 2015 | 2016 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 40056.2 | 41636.8 | 43203.5 | 45020.0 | 44032.4 | 44169.4 | 44604.7 | 45020.0 | 45442.3 | 1 |
| All sectors; open market paper; liability | FL893169175 | 941.5 | 884.9 | 965.9 | 996.0 | 1048.5 | 1051.5 | 1045.5 | 996.0 | 1071.2 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 15141.1 | 15983.8 | 16430.9 | 17842.1 | 17046.0 | 17090.7 | 17417.8 | 17842.1 | 17906.3 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 8169.0 | 8520.6 | 8867.4 | 9112.9 | 8872.0 | 8960.0 | 9021.5 | 9112.9 | 9146.5 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3819.2 | 3864.2 | 3877.6 | 3817.8 | 3857.2 | 3858.7 | 3829.6 | 3817.8 | 3815.8 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 11985.4 | 12383.3 | 13061.7 | 13251.2 | 13208.8 | 13208.5 | 13290.2 | 13251.2 | 13502.6 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 40056.2 | 41636.8 | 43203.5 | 45020.0 | 44032.4 | 44169.4 | 44604.7 | 45020.0 | 45442.3 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 24019.2 | 25179.7 | 25940.7 | 27404.1 | 26626.7 | 26674.5 | 26997.4 | 27404.1 | 27585.9 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 219.6 | 216.4 | 218.2 | 216.1 | 220.0 | 219.7 | 216.6 | 216.1 | 215.2 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 5571.0 | 5860.3 | 6174.7 | 6283.9 | 6263.1 | 6268.3 | 6288.0 | 6283.9 | 6407.1 | 10 |
| Federal government; debt securities; liability | FL314122005 | 15165.6 | 16008.3 | 16455.3 | 17865.0 | 17070.6 | 17114.2 | 17440.6 | 17865.0 | 17928.5 | 11 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FL213162005 | 3063.0 | 3094.6 | 3092.6 | 3039.1 | 3073.0 | 3072.4 | 3052.1 | 3039.1 | 3035.2 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 13283.6 | 13656.0 | 13957.8 | 14289.2 | 13975.4 | 14095.6 | 14187.7 | 14289.2 | 14392.7 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 301.5 | 277.5 | 223.2 | 242.7 | 237.1 | 245.2 | 253.0 | 242.7 | 238.3 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 42.8 | 49.2 | 38.1 | 39.6 | 41.3 | 43.0 | 39.0 | 39.6 | 38.4 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6369.0 | 6563.2 | 6716.3 | 6797.3 | 6685.7 | 6736.1 | 6753.3 | 6797.3 | 6808.4 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 1775.5 | 1933.0 | 2126.8 | 2292.6 | 2161.7 | 2200.4 | 2245.4 | 2292.6 | 2315.8 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1346.6 | 1231.3 | 1168.6 | 1161.0 | 1155.5 | 1163.5 | 1164.4 | 1161.0 | 1164.1 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 953.4 | 886.3 | 835.1 | 879.2 | 833.0 | 854.9 | 878.7 | 879.2 | 873.0 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 395.5 | 417.3 | 439.0 | 469.8 | 440.7 | 439.2 | 448.3 | 469.8 | 482.1 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 131.3 | 129.1 | 185.7 | 184.0 | 175.6 | 167.4 | 175.9 | 184.0 | 181.9 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1212.6 | 1375.7 | 1448.6 | 1401.7 | 1435.1 | 1417.7 | 1410.9 | 1401.7 | 1440.6 | 22 |
| Funding corporations; debt securities; liability | FL504122005 | 755.5 | 793.4 | 776.5 | 821.2 | 809.7 | 828.3 | 818.8 | 821.2 | 849.9 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FL264122005 | 2753.4 | 2801.2 | 3305.0 | 3326.7 | 3430.3 | 3399.4 | 3419.6 | 3326.7 | 3463.7 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 40374.6 | 41780.4 | 43561.5 | 44571.2 | 43818.5 | 43726.3 | 43995.8 | 44571.2 | 45657.1 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6377.4 | 6307.9 | 6339.4 | 7242.8 | 6555.4 | 6771.6 | 6978.2 | 7242.8 | 7405.7 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4705.0 | 4608.0 | 4620.4 | 5586.9 | 4864.6 | 5051.1 | 5262.5 | 5586.9 | 5775.7 | 27 |
| Nonfinancial corporate business; debt securities; asset | FL104022005 | 205.9 | 198.3 | 236.8 | 239.0 | 230.6 | 230.9 | 217.6 | 239.0 | 237.1 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FL114022005 | 66.2 | 68.1 | 73.2 | 79.5 | 74.4 | 76.2 | 77.1 | 79.5 | 80.8 | 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 | 1399.9 | 1433.0 | 1408.5 | 1336.8 | 1385.4 | 1412.9 | 1420.5 | 1336.8 | 1311.5 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 23659.8 | 24811.4 | 25814.3 | 26162.0 | 25975.7 | 25796.6 | 25816.4 | 26162.0 | 26703.9 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 4521.3 | 4445.6 | 4448.3 | 3982.6 | 4323.7 | 4218.1 | 4062.1 | 3982.6 | 3953.9 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3376.5 | 3637.7 | 3757.4 | 3759.6 | 3695.0 | 3654.6 | 3653.8 | 3759.6 | 3846.5 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 266.9 | 273.1 | 303.3 | 319.4 | 292.9 | 300.5 | 295.5 | 319.4 | 313.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 11.5 | 13.0 | 14.7 | 19.5 | 15.9 | 16.4 | 19.0 | 19.5 | 20.8 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 220.0 | 217.5 | 213.0 | 202.0 | 213.3 | 213.4 | 206.7 | 202.0 | 203.2 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1028.9 | 1064.2 | 1097.2 | 1117.4 | 1075.2 | 1073.8 | 1092.1 | 1117.4 | 1161.4 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3228.0 | 3407.3 | 3585.8 | 3502.8 | 3526.8 | 3486.3 | 3503.8 | 3502.8 | 3654.4 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1175.8 | 1224.2 | 1286.4 | 1311.3 | 1275.2 | 1279.7 | 1303.5 | 1311.3 | 1377.2 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 1735.8 | 1836.6 | 1753.7 | 2061.2 | 1916.9 | 1927.6 | 1969.5 | 2061.2 | 1809.3 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 880.7 | 890.9 | 978.1 | 1024.9 | 1004.8 | 989.4 | 999.7 | 1024.9 | 1104.6 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1582.4 | 1748.7 | 1680.7 | 1862.3 | 1822.4 | 1709.5 | 1723.6 | 1862.3 | 1895.1 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 3834.2 | 4077.1 | 4514.5 | 4541.8 | 4575.6 | 4624.5 | 4669.0 | 4541.8 | 4761.1 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 163.2 | 162.7 | 167.8 | 159.4 | 165.2 | 166.2 | 165.5 | 159.4 | 165.9 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 341.6 | 429.0 | 556.2 | 635.6 | 563.9 | 589.7 | 609.6 | 635.6 | 692.7 | 46 |
| Government-sponsored enterprises; debt securities; asset | FL404022005 | 446.9 | 442.6 | 404.0 | 405.5 | 409.2 | 414.0 | 410.8 | 405.5 | 415.2 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 28.2 | 19.9 | 11.5 | 18.9 | 12.9 | 13.9 | 17.1 | 18.9 | 22.7 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 62.7 | 73.1 | 63.8 | 55.3 | 62.7 | 60.0 | 61.4 | 55.3 | 52.9 | 49 |
| Real estate investment trusts; debt securities; asset | FL644022005 | 267.3 | 240.9 | 297.6 | 324.5 | 293.1 | 291.0 | 312.1 | 324.5 | 354.7 | 50 |
| Security brokers and dealers; debt securities; asset | FL664022005 | 300.6 | 305.6 | 306.1 | 443.9 | 281.5 | 311.3 | 297.0 | 443.9 | 434.0 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 55.3 | 58.7 | 67.2 | 97.3 | 79.3 | 83.8 | 94.1 | 97.3 | 100.9 | 52 |
| Funding corporations; debt securities; asset | FL504022005 | 132.0 | 242.9 | 307.3 | 316.9 | 370.2 | 373.0 | 350.6 | 316.9 | 364.1 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FL264022005 | 10337.3 | 10661.1 | 11407.8 | 11166.3 | 11287.4 | 11158.1 | 11201.2 | 11166.3 | 11547.5 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | -318.4 | -143.6 | -357.9 | 448.9 | 213.9 | 443.1 | 608.8 | 448.9 | -214.8 | 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: June 6, 2019