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 | 2016 | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1555.1 | 1497.5 | 1973.7 | 2089.8 | 1695.9 | 1284.6 | 3847.4 | 1531.1 | 5226.2 | 1 |
| All sectors; open market paper; liability | FA893169175 | -56.6 | 81.1 | 30.0 | 49.3 | 126.8 | 0.7 | 44.5 | 25.2 | -126.3 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 842.8 | 447.0 | 1411.2 | 1176.6 | 892.4 | 376.6 | 2695.3 | 742.1 | 2734.7 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 351.6 | 346.9 | 245.5 | 317.8 | 283.3 | 363.0 | 316.8 | 308.2 | 1490.5 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 47.3 | 14.7 | -57.6 | 19.8 | -25.7 | -85.7 | 27.9 | 162.9 | 11.6 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 370.1 | 607.9 | 344.5 | 526.2 | 419.2 | 630.0 | 762.9 | 292.8 | 1115.7 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1555.1 | 1497.5 | 1973.7 | 2089.8 | 1695.9 | 1284.6 | 3847.4 | 1531.1 | 5226.2 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1159.9 | 768.7 | 1496.8 | 1441.2 | 1318.1 | 542.5 | 3089.3 | 815.1 | 3395.9 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -2.9 | 1.6 | -2.2 | -3.3 | -4.1 | -3.2 | -1.4 | -4.5 | -11.5 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 286.8 | 320.5 | 140.3 | 260.9 | 472.7 | 248.2 | 381.9 | -59.3 | 670.2 | 10 |
| Federal government; debt securities; liability | FA314122005 | 842.7 | 447.0 | 1409.8 | 1174.9 | 889.5 | 375.8 | 2693.1 | 741.1 | 2734.6 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 33.3 | -0.4 | -51.0 | 8.8 | -40.0 | -78.3 | 15.6 | 137.8 | 2.7 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 389.5 | 344.6 | 355.6 | 440.9 | 471.6 | 523.6 | 444.8 | 323.7 | 2070.1 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -24.0 | -54.3 | 24.2 | -38.2 | -47.5 | -21.2 | -82.9 | -1.3 | 36.3 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 6.4 | -11.1 | 2.7 | -2.4 | -11.5 | 2.9 | 4.4 | -5.4 | 32.7 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 194.2 | 153.1 | 81.1 | 204.9 | 171.4 | 255.1 | 223.1 | 169.8 | 1372.6 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 157.5 | 193.8 | 165.9 | 114.7 | 114.8 | 108.7 | 95.9 | 139.3 | 118.0 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -100.2 | -41.4 | 10.6 | 65.1 | 55.1 | -2.7 | 146.7 | 61.3 | 161.4 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -67.1 | -51.2 | 44.1 | -43.8 | -71.3 | -65.6 | 27.9 | -66.2 | 49.6 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 21.8 | 21.6 | 31.0 | 68.1 | 51.6 | 73.1 | 72.4 | 75.3 | -40.1 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -2.2 | 56.5 | -1.7 | -10.0 | -8.5 | 95.9 | -90.1 | -37.4 | 331.7 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 165.2 | 94.4 | -46.9 | 44.8 | 158.0 | 139.3 | -28.9 | -89.1 | 371.5 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 37.9 | -16.9 | 44.7 | 37.8 | 59.4 | -61.9 | 76.4 | 77.3 | -363.6 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 5.8 | 384.2 | 121.2 | 207.6 | -93.7 | 218.5 | 313.4 | 392.3 | -239.9 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1555.1 | 1497.5 | 1973.7 | 2089.8 | 1695.9 | 1284.6 | 3847.4 | 1531.1 | 5226.2 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 30.4 | -16.4 | 712.5 | 286.2 | 913.1 | 559.4 | 34.7 | -362.7 | -529.5 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -74.2 | -44.9 | 796.0 | 242.9 | 1024.4 | 730.2 | -153.7 | -629.4 | -534.7 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -4.1 | 28.8 | 19.1 | 68.8 | 0.9 | 50.5 | 162.2 | 61.6 | 132.1 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 2.8 | 6.9 | 7.2 | 1.7 | -0.3 | -3.6 | -0.1 | 10.9 | -20.6 | 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; debt securities; asset | FA214022005 | 105.9 | -7.3 | -109.7 | -27.3 | -111.9 | -217.7 | 26.3 | 194.2 | -106.3 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 1183.0 | 860.3 | 1091.3 | 1325.1 | 121.0 | 267.6 | 3116.6 | 1795.1 | 6424.6 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -35.8 | -10.9 | -379.4 | -137.5 | -382.3 | -518.9 | -264.5 | 615.8 | 4281.5 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 288.7 | 110.5 | 75.3 | 243.9 | 247.1 | 221.1 | 455.0 | 52.4 | 629.8 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 5.1 | 27.3 | 26.4 | -30.1 | -55.8 | 15.9 | 12.9 | -93.5 | 104.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 1.4 | 1.6 | 5.1 | 13.2 | 4.0 | 30.1 | 7.5 | 11.1 | -3.5 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -1.6 | -5.7 | -9.1 | 11.1 | 17.4 | -11.7 | 3.7 | 35.0 | -0.2 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 45.4 | 33.0 | 43.7 | 29.7 | 48.8 | 11.2 | 28.1 | 30.7 | 69.9 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 135.7 | 77.0 | 89.1 | 124.6 | 141.4 | 167.5 | 185.0 | 4.5 | 375.4 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 50.0 | 145.7 | 176.6 | 125.3 | 157.5 | 123.9 | 141.3 | 78.5 | 372.0 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 100.9 | -83.2 | 309.3 | 112.9 | -866.8 | -141.3 | 1340.0 | 119.6 | 165.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 5.3 | 52.5 | 70.0 | 37.8 | 70.3 | 78.1 | -44.9 | 47.7 | 156.7 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 166.3 | -68.1 | 181.7 | 319.0 | 334.4 | -136.4 | 826.0 | 251.8 | 1780.3 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 246.7 | 383.7 | 196.2 | 342.0 | 261.8 | 250.2 | 328.8 | 527.2 | -894.2 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 0.8 | 1.2 | 2.2 | 3.2 | 5.1 | 1.5 | 6.4 | -0.1 | 3.6 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 84.0 | 122.0 | 99.0 | 148.3 | 135.4 | 155.5 | 146.1 | 156.2 | 43.3 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -4.2 | -38.6 | 3.0 | 58.4 | 38.6 | 61.9 | 94.3 | 38.5 | 49.5 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -8.4 | -8.2 | 8.1 | 12.6 | 15.5 | 8.9 | 10.3 | 15.8 | -4.0 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 9.9 | -10.6 | -4.5 | -0.5 | -13.9 | -11.0 | 10.4 | 12.5 | 13.7 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | -26.4 | 56.7 | 26.9 | 61.8 | 121.9 | 88.8 | 25.9 | 10.7 | -529.5 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 11.3 | -2.7 | 154.7 | -74.3 | -113.9 | -65.2 | -7.6 | -110.4 | 40.0 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 3.2 | 14.4 | 31.5 | 29.0 | 6.2 | 27.0 | 64.8 | 17.9 | -53.9 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 104.7 | 62.5 | -14.5 | -105.3 | -51.8 | -89.4 | -253.1 | -26.9 | -175.7 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 341.7 | 653.7 | 169.9 | 478.5 | 661.8 | 457.6 | 696.1 | 98.7 | -668.9 | 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 11, 2020