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 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 41608.4 | 43228.1 | 45088.2 | 47386.0 | 45449.8 | 45724.3 | 46752.4 | 47386.0 | 48361.6 | 1 |
| All sectors; open market paper; liability | FL893169175 | 884.9 | 965.9 | 996.0 | 1045.2 | 1071.2 | 1090.4 | 1074.9 | 1045.2 | 1088.8 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 15983.8 | 16430.9 | 17842.1 | 19018.7 | 17906.3 | 17814.3 | 18571.7 | 19018.7 | 19518.4 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 8520.6 | 8867.4 | 9112.9 | 9430.7 | 9146.5 | 9265.3 | 9344.4 | 9430.7 | 9770.9 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3881.3 | 3896.0 | 3838.4 | 3858.3 | 3835.8 | 3820.9 | 3817.9 | 3858.3 | 3864.2 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 12337.8 | 13067.8 | 13298.8 | 14033.1 | 13490.0 | 13733.4 | 13943.6 | 14033.1 | 14119.3 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 41608.4 | 43228.1 | 45088.2 | 47386.0 | 45449.8 | 45724.3 | 46752.4 | 47386.0 | 48361.6 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 25174.0 | 25942.7 | 27439.4 | 28880.7 | 27636.3 | 27603.0 | 28431.3 | 28880.7 | 29605.6 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 217.0 | 218.6 | 216.4 | 213.1 | 215.3 | 214.6 | 214.2 | 213.1 | 210.2 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 5837.8 | 6158.3 | 6298.6 | 6559.5 | 6437.4 | 6514.8 | 6589.7 | 6559.5 | 6781.6 | 10 |
| Federal government; debt securities; liability | FL314122005 | 16008.3 | 16455.3 | 17865.0 | 19039.9 | 17928.5 | 17836.3 | 18593.1 | 19039.9 | 19539.6 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3110.9 | 3110.5 | 3059.4 | 3068.2 | 3055.0 | 3037.4 | 3034.3 | 3068.2 | 3074.2 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 13633.2 | 13941.4 | 14281.8 | 14715.9 | 14369.7 | 14531.2 | 14633.0 | 14715.9 | 15208.2 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 277.5 | 223.2 | 247.5 | 209.2 | 235.6 | 230.3 | 209.5 | 209.2 | 218.3 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 49.2 | 38.1 | 40.8 | 38.4 | 37.9 | 38.6 | 39.7 | 38.4 | 46.5 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6563.2 | 6716.3 | 6797.3 | 7002.2 | 6808.4 | 6901.8 | 6952.7 | 7002.2 | 7318.1 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 1933.0 | 2126.8 | 2292.6 | 2407.3 | 2315.8 | 2341.5 | 2370.2 | 2407.3 | 2431.6 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1208.6 | 1152.2 | 1147.5 | 1202.7 | 1157.1 | 1157.2 | 1190.0 | 1202.7 | 1239.4 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 886.3 | 835.1 | 879.2 | 835.4 | 859.2 | 844.9 | 850.0 | 835.4 | 845.9 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 417.3 | 439.0 | 470.0 | 538.1 | 482.9 | 501.2 | 519.3 | 538.1 | 528.1 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 129.1 | 185.7 | 184.0 | 174.0 | 181.9 | 205.9 | 183.3 | 174.0 | 256.9 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1375.7 | 1448.6 | 1401.7 | 1449.6 | 1441.2 | 1479.2 | 1471.9 | 1449.6 | 1542.5 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 793.4 | 776.5 | 821.2 | 859.0 | 849.6 | 830.7 | 846.2 | 859.0 | 780.9 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 2801.2 | 3344.0 | 3366.9 | 3789.5 | 3443.8 | 3590.1 | 3688.1 | 3789.5 | 3547.7 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 41659.1 | 43517.6 | 44352.6 | 48390.7 | 45422.0 | 46412.3 | 47903.8 | 48390.7 | 49820.5 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6187.7 | 6293.2 | 6882.8 | 7399.0 | 7043.9 | 7270.7 | 7406.8 | 7399.0 | 7105.0 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4422.3 | 4477.7 | 5140.6 | 5547.8 | 5300.5 | 5530.1 | 5598.9 | 5547.8 | 5184.3 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 206.7 | 236.0 | 253.2 | 326.0 | 254.1 | 278.8 | 322.0 | 326.0 | 362.4 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 68.1 | 75.1 | 81.1 | 86.3 | 82.3 | 83.4 | 84.8 | 86.3 | 87.6 | 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; debt securities; asset | LM214022005 | 1490.1 | 1503.9 | 1407.5 | 1438.5 | 1406.4 | 1378.0 | 1400.6 | 1438.5 | 1470.2 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 24810.3 | 25882.4 | 26292.3 | 28879.4 | 26800.2 | 27258.0 | 28355.9 | 28879.4 | 30626.7 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 4445.6 | 4448.3 | 3982.6 | 4011.9 | 3953.9 | 3900.4 | 3897.9 | 4011.9 | 5312.9 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3637.7 | 3757.4 | 3759.5 | 4083.5 | 3846.4 | 3927.8 | 4057.4 | 4083.5 | 4272.1 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 273.1 | 303.3 | 318.1 | 308.9 | 312.9 | 325.6 | 334.4 | 308.9 | 340.1 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 13.0 | 14.7 | 19.5 | 33.6 | 20.8 | 28.7 | 31.1 | 33.6 | 34.0 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 217.5 | 213.0 | 201.8 | 221.3 | 213.4 | 215.9 | 216.8 | 221.3 | 233.3 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1064.2 | 1097.2 | 1118.6 | 1192.8 | 1154.4 | 1177.6 | 1194.3 | 1192.8 | 1190.8 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3407.3 | 3585.8 | 3502.6 | 4018.9 | 3685.2 | 3859.4 | 3995.9 | 4018.9 | 3979.3 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1231.6 | 1391.2 | 1511.0 | 1745.7 | 1594.2 | 1669.3 | 1732.9 | 1745.7 | 1837.3 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 1836.6 | 1753.7 | 2061.9 | 2177.0 | 1810.1 | 1738.4 | 2073.4 | 2177.0 | 2181.1 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 892.9 | 955.0 | 988.7 | 1060.3 | 1031.4 | 1048.5 | 1054.4 | 1060.3 | 1112.7 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1748.7 | 1680.7 | 1862.3 | 2181.3 | 1895.1 | 1798.9 | 2029.8 | 2181.3 | 2568.7 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4077.1 | 4514.5 | 4541.8 | 5186.3 | 4733.2 | 4914.9 | 5075.1 | 5186.3 | 4959.8 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 163.0 | 168.0 | 161.0 | 171.4 | 166.7 | 169.3 | 171.1 | 171.4 | 151.9 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 429.1 | 556.5 | 636.1 | 825.0 | 692.7 | 745.4 | 789.6 | 825.0 | 830.0 | 46 |
| Government-sponsored enterprises; debt securities; asset | FL404022005 | 442.6 | 404.0 | 407.0 | 465.4 | 416.7 | 432.2 | 455.7 | 465.4 | 477.7 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 20.5 | 12.3 | 20.4 | 33.0 | 24.3 | 26.5 | 29.1 | 33.0 | 32.0 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 73.1 | 63.8 | 55.3 | 60.0 | 54.1 | 53.1 | 56.7 | 60.0 | 60.4 | 49 |
| Real estate investment trusts; debt securities; asset | FL644022005 | 240.9 | 297.6 | 324.5 | 386.3 | 355.0 | 377.2 | 383.6 | 386.3 | 253.9 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 305.6 | 306.1 | 443.9 | 412.6 | 434.0 | 449.7 | 449.7 | 412.6 | 470.4 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 58.7 | 67.2 | 97.3 | 132.0 | 100.9 | 110.7 | 128.6 | 132.0 | 123.4 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 231.4 | 292.4 | 278.5 | 172.2 | 304.9 | 288.4 | 198.2 | 172.2 | 204.8 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 10661.1 | 11341.9 | 11177.5 | 12112.3 | 11578.0 | 11883.5 | 12141.2 | 12112.3 | 12088.9 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | -50.7 | -289.6 | 735.6 | -1004.7 | 27.7 | -688.0 | -1151.4 | -1004.7 | -1459.0 | 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 11, 2020