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 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1999.3 | 2042.2 | 1603.1 | 1532.3 | 3483.2 | 1550.2 | 4342.3 | 13600.4 | 2841.9 | 1 |
| All sectors; open market paper; liability | FA893169175 | 30.0 | 49.3 | 118.5 | 5.1 | 59.8 | 13.8 | -134.7 | -369.4 | -15.9 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1411.2 | 1176.6 | 849.1 | 570.4 | 2410.8 | 876.1 | 2168.3 | 11598.7 | 2048.9 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 245.4 | 316.9 | 291.4 | 353.3 | 348.7 | 274.2 | 1505.5 | -222.5 | 532.9 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | -57.2 | 20.1 | -11.7 | -53.2 | 38.7 | 106.8 | 29.4 | 95.7 | 185.4 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 369.9 | 479.3 | 355.9 | 656.6 | 625.2 | 279.3 | 773.8 | 2497.9 | 90.7 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1999.3 | 2042.2 | 1603.1 | 1532.3 | 3483.2 | 1550.2 | 4342.3 | 13600.4 | 2841.9 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1496.9 | 1441.2 | 1284.9 | 772.2 | 2814.9 | 893.1 | 2863.4 | 13110.7 | 2469.9 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -2.3 | -3.1 | -4.1 | -2.6 | -1.4 | -4.2 | -11.6 | -9.0 | -5.4 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 140.2 | 260.3 | 464.4 | 261.4 | 381.5 | -66.0 | 680.7 | 1414.7 | 256.5 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1409.8 | 1174.9 | 846.1 | 569.6 | 2408.6 | 875.2 | 2168.2 | 11598.1 | 2045.4 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -50.8 | 9.1 | -21.5 | -56.3 | 26.2 | 88.1 | 26.0 | 106.9 | 173.4 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 357.2 | 442.2 | 481.7 | 509.6 | 497.7 | 279.8 | 2220.1 | 120.8 | 211.4 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 24.2 | -37.8 | -47.5 | -21.2 | -82.2 | -0.1 | 93.0 | 36.2 | -37.3 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 2.7 | -2.3 | -11.5 | 2.9 | 4.6 | -5.1 | 50.5 | -31.5 | -43.2 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 81.1 | 204.9 | 180.6 | 248.5 | 252.1 | 138.4 | 1388.3 | -177.4 | 505.6 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 165.8 | 113.8 | 113.8 | 105.7 | 98.8 | 136.8 | 117.3 | -44.4 | 30.8 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 12.1 | 68.2 | 67.5 | 2.3 | 145.0 | 57.9 | 177.7 | -40.1 | 3.6 | 18 |
| Finance companies; debt securities; liability | FA614122005 | 44.1 | -43.8 | -73.3 | -64.1 | 29.3 | -67.1 | 100.8 | -46.9 | -129.4 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 31.0 | 70.3 | 51.6 | 78.1 | 75.6 | 76.1 | -39.9 | 147.7 | 24.6 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -1.7 | -10.0 | -8.5 | 95.9 | -90.1 | -37.4 | 331.7 | -308.7 | -57.2 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -46.9 | 40.9 | 158.0 | 123.7 | -28.9 | -89.1 | 370.0 | 274.9 | -151.8 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 44.7 | 38.0 | 50.9 | -62.0 | 93.5 | 69.4 | -369.3 | 311.1 | 65.7 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 145.3 | 158.8 | -163.5 | 250.6 | 170.6 | 377.4 | -741.2 | 368.9 | 160.6 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1999.3 | 2042.2 | 1603.1 | 1532.3 | 3483.2 | 1550.2 | 4342.3 | 13600.4 | 2841.9 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 871.9 | 368.8 | 691.7 | 1237.9 | -247.2 | -207.4 | 84.7 | -179.9 | -382.2 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 833.5 | 278.8 | 523.9 | 1280.9 | -297.8 | -391.6 | -138.8 | -788.7 | -713.2 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 19.1 | 71.1 | 14.2 | 77.8 | 154.1 | 38.3 | 148.3 | 47.0 | 24.4 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 7.2 | 1.5 | -0.3 | -3.8 | -0.0 | 10.4 | -3.4 | 12.5 | -1.7 | 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 | 12.2 | 17.3 | 154.0 | -117.0 | -103.4 | 135.5 | 78.6 | 549.3 | 308.4 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 984.8 | 1229.1 | 147.6 | -61.6 | 3206.6 | 1623.9 | 5373.1 | 12747.1 | 3308.7 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -379.4 | -137.5 | -382.3 | -518.9 | -264.5 | 615.8 | 4281.5 | 6046.3 | 1304.3 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 76.4 | 242.8 | 259.2 | 225.9 | 421.9 | 64.2 | 580.1 | 1181.2 | 1174.2 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 26.4 | -30.1 | -55.7 | 15.9 | 12.9 | -93.5 | 104.5 | -74.6 | -55.0 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 5.1 | 13.2 | 4.0 | 30.1 | 7.5 | 11.1 | -3.5 | 16.1 | 3.0 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -9.1 | 11.1 | 20.2 | -8.2 | 3.9 | 28.5 | 11.5 | 133.9 | 86.4 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 43.7 | 29.7 | 48.8 | 11.2 | 28.1 | 30.7 | 69.9 | 92.3 | 129.5 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 89.1 | 124.6 | 143.1 | 166.3 | 185.9 | 3.1 | 377.7 | 180.5 | 375.7 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 82.3 | 88.9 | 123.6 | -119.9 | 188.4 | 163.5 | 54.2 | 103.9 | 150.1 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 309.3 | 112.9 | -849.0 | -98.1 | 1285.1 | 113.5 | 183.3 | 199.8 | 121.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -37.3 | 31.5 | -196.1 | 154.3 | -138.7 | -142.1 | -144.5 | -67.7 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 181.7 | 319.0 | 334.2 | 29.8 | 673.7 | 238.2 | 1680.6 | 3876.3 | -1046.6 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 196.2 | 342.0 | 256.1 | 252.0 | 342.7 | 517.2 | -1154.0 | 448.9 | 952.2 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 2.3 | 3.2 | 5.1 | 1.5 | 6.4 | -0.1 | 3.6 | -0.7 | -0.2 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 99.0 | 148.3 | 135.4 | 155.5 | 146.1 | 156.2 | 43.2 | 340.9 | 225.4 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 3.0 | 58.4 | 38.6 | 61.9 | 94.3 | 38.5 | 49.5 | 241.6 | 42.5 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 8.1 | 12.6 | 15.5 | 8.9 | 10.3 | 15.8 | -4.0 | -5.8 | -4.1 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -4.5 | -0.5 | -13.9 | -11.0 | 10.4 | 12.5 | 7.4 | 16.4 | 9.8 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 26.9 | 62.1 | 121.9 | 90.7 | 26.6 | 9.1 | -559.1 | -18.7 | -29.4 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 154.7 | -74.3 | -64.0 | -32.9 | 1.2 | -201.5 | 53.4 | -52.0 | -230.1 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 31.5 | 29.0 | 6.2 | 27.0 | 64.8 | 17.9 | -53.9 | 10.3 | -33.8 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -14.7 | -89.0 | -31.1 | -153.2 | -193.4 | 21.9 | -210.8 | 154.9 | 201.3 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 142.6 | 444.3 | 763.8 | 356.1 | 523.7 | 133.7 | -1115.4 | 1033.2 | -84.7 | 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: December 10, 2020