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 | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1493.0 | 1999.5 | 2043.8 | 1607.4 | 1541.5 | 3482.2 | 1544.0 | 4326.8 | 13581.5 | 1 |
| All sectors; open market paper; liability | FA893169175 | 81.1 | 30.0 | 49.3 | 118.5 | 5.1 | 59.8 | 13.8 | -134.7 | -369.4 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 447.0 | 1411.2 | 1176.6 | 849.1 | 570.4 | 2410.8 | 876.1 | 2168.3 | 11598.7 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 346.9 | 245.5 | 317.8 | 293.5 | 354.8 | 348.3 | 274.7 | 1507.7 | -220.9 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 14.6 | -57.2 | 19.9 | -11.2 | -54.2 | 38.3 | 106.8 | 29.3 | 94.4 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 603.5 | 370.0 | 480.2 | 357.7 | 665.3 | 625.1 | 272.7 | 756.2 | 2478.7 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1493.0 | 1999.5 | 2043.8 | 1607.4 | 1541.5 | 3482.2 | 1544.0 | 4326.8 | 13581.5 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 769.0 | 1495.5 | 1440.3 | 1285.0 | 768.5 | 2814.5 | 893.1 | 2849.6 | 13108.4 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | 1.6 | -2.3 | -3.2 | -4.1 | -2.6 | -1.5 | -4.5 | -11.5 | -9.5 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 320.8 | 138.8 | 259.7 | 463.9 | 258.8 | 381.4 | -65.3 | 666.9 | 1412.9 | 10 |
| Federal government; debt securities; liability | FA314122005 | 447.0 | 1409.8 | 1174.9 | 846.1 | 569.6 | 2408.6 | 875.2 | 2168.2 | 11598.1 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -0.4 | -50.8 | 8.9 | -20.9 | -57.3 | 26.0 | 87.8 | 25.9 | 106.9 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 339.8 | 358.7 | 444.7 | 485.9 | 522.4 | 497.1 | 273.6 | 2218.4 | 104.1 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -54.3 | 24.2 | -37.8 | -47.5 | -21.2 | -82.2 | -0.1 | 93.0 | 36.2 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -11.1 | 2.7 | -2.3 | -11.5 | 2.9 | 4.6 | -5.1 | 50.5 | -31.5 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 153.1 | 81.1 | 204.9 | 180.6 | 248.5 | 252.1 | 138.4 | 1388.3 | -177.4 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 193.8 | 165.9 | 114.7 | 115.8 | 107.1 | 98.4 | 137.3 | 119.5 | -42.9 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -46.3 | 13.6 | 66.4 | 69.6 | -2.0 | 146.2 | 52.0 | 172.5 | -50.7 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -51.2 | 44.1 | -43.8 | -73.3 | -64.1 | 29.3 | -67.1 | 100.8 | -12.4 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 21.6 | 31.0 | 69.8 | 51.6 | 78.1 | 74.2 | 75.3 | -40.0 | 133.9 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 56.5 | -1.7 | -10.0 | -8.5 | 95.9 | -90.1 | -37.4 | 331.7 | -308.7 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 94.4 | -46.9 | 44.8 | 158.0 | 139.3 | -28.9 | -89.1 | 371.5 | 257.6 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -16.9 | 44.7 | 38.0 | 50.9 | -62.0 | 93.5 | 69.4 | -369.3 | 300.0 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 384.2 | 145.3 | 158.8 | -163.5 | 250.6 | 170.6 | 377.4 | -741.2 | 368.9 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1493.0 | 1999.5 | 2043.8 | 1607.4 | 1541.5 | 3482.2 | 1544.0 | 4326.8 | 13581.5 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -19.4 | 868.8 | 438.6 | 696.0 | 1223.1 | -7.0 | -157.9 | -218.8 | -4.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -46.1 | 894.4 | 385.8 | 768.7 | 1522.2 | -244.4 | -503.4 | -82.3 | -669.6 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 28.8 | 19.1 | 71.5 | 14.2 | 77.8 | 154.1 | 40.1 | 151.9 | 41.7 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 6.9 | 7.0 | 1.5 | -0.5 | -3.6 | -0.0 | 10.2 | -3.1 | 11.9 | 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 | -8.9 | -51.7 | -20.3 | -86.4 | -373.3 | 83.3 | 295.2 | -285.4 | 611.5 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 860.4 | 988.1 | 1160.9 | 147.5 | -37.6 | 2965.4 | 1568.3 | 5661.0 | 12552.6 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -10.9 | -379.4 | -137.5 | -382.3 | -518.9 | -264.5 | 615.8 | 4281.5 | 6046.3 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 110.5 | 76.4 | 242.8 | 259.2 | 225.9 | 421.9 | 64.2 | 580.8 | 1181.3 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 27.3 | 26.4 | -30.1 | -55.7 | 15.9 | 12.9 | -93.5 | 104.5 | -74.6 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 1.6 | 5.1 | 13.2 | 4.0 | 30.1 | 7.5 | 11.1 | -3.5 | 15.9 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -5.7 | -9.1 | 11.1 | 20.2 | -8.2 | 3.9 | 28.5 | 11.5 | 179.7 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 33.0 | 43.7 | 29.7 | 48.8 | 11.2 | 28.1 | 30.7 | 69.9 | 92.4 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 77.0 | 89.1 | 124.6 | 143.1 | 166.3 | 185.9 | 3.1 | 377.7 | 181.8 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 145.7 | 82.3 | 88.9 | 123.6 | -119.9 | 188.4 | 163.5 | 39.7 | -7.8 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | -83.2 | 309.3 | 112.9 | -849.0 | -98.1 | 1285.1 | 113.5 | 183.3 | 199.8 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 52.5 | 56.9 | -100.6 | 31.5 | -178.9 | -71.8 | -183.3 | 7.6 | -206.6 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -68.1 | 181.7 | 319.0 | 334.2 | 29.8 | 673.7 | 238.2 | 1680.6 | 3876.3 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 383.7 | 196.2 | 342.0 | 256.1 | 252.0 | 342.7 | 517.2 | -998.0 | 397.0 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 1.2 | 2.2 | 3.2 | 5.1 | 1.5 | 6.4 | -0.1 | 3.6 | -1.0 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 122.0 | 99.0 | 148.3 | 135.4 | 155.5 | 146.1 | 156.2 | 43.2 | 340.9 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -38.6 | 3.0 | 58.4 | 38.6 | 61.9 | 94.3 | 38.5 | 49.5 | 241.6 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -8.2 | 8.1 | 12.6 | 15.5 | 8.9 | 10.3 | 15.8 | -4.0 | -5.8 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -10.6 | -4.5 | -0.5 | -13.9 | -11.0 | 10.4 | 12.5 | 7.4 | -11.0 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 56.7 | 26.9 | 62.1 | 121.9 | 90.7 | 26.6 | 9.1 | -559.1 | -18.7 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -2.7 | 154.7 | -74.3 | -64.0 | -32.9 | 1.2 | -201.5 | 53.1 | -52.2 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 14.4 | 31.5 | 29.0 | 6.2 | 27.0 | 64.8 | 17.9 | -53.9 | 10.3 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 62.6 | -11.4 | -93.8 | -31.2 | -146.5 | -208.6 | 10.9 | -214.5 | 166.8 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 652.0 | 142.6 | 444.3 | 763.8 | 356.1 | 523.7 | 133.7 | -1115.4 | 1033.2 | 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: September 21, 2020