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 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1992.9 | 2049.6 | 6290.2 | 3475.0 | 1606.7 | 4410.9 | 13660.9 | 2978.2 | 4110.9 | 1 |
| All sectors; open market paper; liability | FA893169175 | 30.0 | 49.3 | -58.4 | 59.8 | 13.8 | -128.0 | -362.7 | -9.2 | 266.4 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1411.2 | 1176.6 | 4582.2 | 2410.8 | 876.1 | 2168.3 | 11598.7 | 2048.9 | 2512.7 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 245.4 | 316.9 | 684.8 | 348.7 | 274.2 | 1505.5 | -222.5 | 532.8 | 923.5 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | -57.3 | 20.2 | 85.2 | 38.8 | 106.5 | 29.0 | 96.7 | 182.9 | 32.4 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 363.6 | 486.7 | 996.3 | 616.9 | 336.0 | 836.0 | 2550.7 | 222.7 | 375.9 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1992.9 | 2049.6 | 6290.2 | 3475.0 | 1606.7 | 4410.9 | 13660.9 | 2978.2 | 4110.9 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1490.4 | 1450.1 | 5345.5 | 2804.5 | 955.7 | 2929.5 | 13182.0 | 2503.9 | 2766.5 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -2.5 | -3.1 | -9.8 | -1.5 | -4.5 | -11.7 | -8.9 | -5.6 | -13.1 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 133.8 | 269.1 | 684.9 | 371.0 | -3.2 | 747.3 | 1485.2 | 292.0 | 215.2 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1409.8 | 1174.9 | 4581.2 | 2408.6 | 875.2 | 2168.2 | 11598.1 | 2045.4 | 2512.9 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -50.7 | 9.2 | 89.2 | 26.4 | 88.2 | 25.7 | 107.7 | 172.0 | 51.5 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 357.3 | 440.8 | 936.4 | 499.8 | 273.6 | 2222.5 | 121.8 | 312.6 | 1088.8 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 24.2 | -37.8 | 52.7 | -82.2 | -0.1 | 93.0 | 37.2 | 36.8 | 44.0 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 2.7 | -2.3 | -4.1 | 4.6 | -5.1 | 50.5 | -31.2 | -28.6 | -7.1 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 81.1 | 204.9 | 663.6 | 252.1 | 138.4 | 1388.3 | -177.4 | 505.6 | 937.8 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 165.8 | 113.8 | 22.3 | 98.8 | 136.8 | 117.3 | -44.4 | 30.7 | -14.5 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 12.2 | 67.8 | 35.7 | 147.1 | 56.0 | 180.1 | -40.3 | 8.0 | -5.0 | 18 |
| Finance companies; debt securities; liability | FA614122005 | 44.1 | -43.8 | -18.2 | 29.3 | -67.1 | 100.8 | -46.9 | -129.4 | 2.9 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 31.0 | 69.3 | 46.6 | 75.6 | 71.8 | -39.8 | 147.7 | 32.5 | 45.9 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -1.7 | -10.0 | 9.9 | -90.1 | -37.4 | 331.7 | -308.7 | -57.2 | 73.8 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -46.9 | 40.9 | 131.6 | -28.9 | -89.1 | 370.0 | 274.8 | -151.5 | 33.1 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 44.7 | 38.0 | -3.7 | 93.5 | 69.4 | -369.3 | 311.1 | 65.7 | -22.2 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 145.3 | 158.8 | 8.3 | 170.6 | 377.4 | -741.2 | 357.1 | 161.7 | 255.6 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1992.9 | 2049.6 | 6290.2 | 3475.0 | 1606.7 | 4410.9 | 13660.9 | 2978.2 | 4110.9 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 860.6 | 473.5 | -111.6 | 60.2 | -160.3 | 60.4 | -205.2 | -611.4 | 309.9 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 830.5 | 347.3 | -408.7 | -139.8 | -355.9 | -44.7 | -785.0 | -834.7 | 29.6 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 19.1 | 71.1 | 69.3 | 154.1 | 38.3 | 148.3 | 47.0 | 24.4 | 57.5 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 1.9 | 1.1 | 2.9 | -0.5 | 9.3 | -4.0 | 11.4 | -1.0 | 5.4 | 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 | 9.0 | 53.9 | 224.8 | 46.4 | 147.9 | -39.1 | 521.4 | 199.8 | 217.3 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 989.7 | 1131.8 | 6314.3 | 2891.1 | 1633.3 | 5362.4 | 12860.3 | 3671.0 | 3363.7 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -379.4 | -137.5 | 3216.5 | -264.5 | 615.8 | 4281.5 | 6046.3 | 1304.3 | 1234.0 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 76.4 | 242.8 | 1003.6 | 421.9 | 64.2 | 580.0 | 1181.2 | 1173.5 | 1079.6 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 26.4 | -30.1 | -12.6 | 12.9 | -93.5 | 104.5 | -74.6 | -55.0 | -25.4 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 5.1 | 13.2 | 6.1 | 7.5 | 11.1 | -3.5 | 16.1 | 3.0 | 9.0 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -9.1 | 11.1 | 88.7 | 3.9 | 28.5 | 11.5 | 133.9 | 115.2 | 94.3 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 43.7 | 29.7 | 99.2 | 28.1 | 30.7 | 69.9 | 92.3 | 129.5 | 105.2 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 89.1 | 124.6 | 288.3 | 185.9 | 3.1 | 377.7 | 180.5 | 375.7 | 219.2 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 82.3 | 88.9 | 147.1 | 188.4 | 163.5 | 54.2 | 153.1 | 160.3 | 220.6 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 309.3 | 112.9 | 147.5 | 1285.1 | 113.5 | 183.3 | 199.8 | 121.4 | 85.3 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -112.2 | -66.7 | -124.4 | -145.1 | -57.3 | -105.6 | -58.7 | -45.4 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 181.7 | 319.0 | 1004.0 | 673.7 | 238.2 | 1680.6 | 3876.3 | -1046.6 | -494.0 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 196.2 | 342.0 | 299.5 | 342.7 | 517.2 | -1154.0 | 448.9 | 1235.6 | 667.8 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 2.3 | 3.2 | -0.4 | 6.4 | -0.1 | 3.6 | -0.7 | -0.2 | -4.4 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 99.0 | 148.3 | 202.9 | 146.1 | 156.2 | 43.2 | 340.9 | 225.4 | 202.1 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 4.0 | 52.8 | 51.5 | 83.9 | 48.1 | -8.1 | 251.2 | 57.9 | -95.0 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 8.1 | 12.6 | -2.7 | 10.3 | 15.8 | -4.0 | -5.8 | -4.1 | 3.1 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -4.5 | -0.5 | 8.9 | 10.4 | 12.5 | 7.4 | 16.4 | 9.8 | 2.0 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 30.8 | 46.9 | -154.5 | 10.0 | 15.7 | -596.4 | -19.6 | -16.8 | 14.8 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 154.7 | -74.3 | -92.2 | 1.2 | -201.5 | 53.2 | -52.2 | -230.1 | -139.7 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 31.5 | 29.0 | -12.5 | 64.8 | 17.9 | -53.9 | 10.3 | -33.7 | 27.1 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -14.6 | -90.6 | 92.2 | -203.4 | 21.6 | -211.1 | 171.6 | 204.7 | 203.6 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 142.6 | 444.3 | 87.5 | 523.7 | 133.7 | -1011.9 | 1005.9 | -81.4 | 437.3 | 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: March 11, 2021