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 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1496.7 | 1994.9 | 2052.0 | 6328.4 | 4478.2 | 13642.1 | 3030.3 | 4163.1 | 3609.5 | 1 |
| All sectors; open market paper; liability | FA893169175 | 81.1 | 30.0 | 49.3 | -58.4 | -127.9 | -362.6 | -9.1 | 266.2 | 103.2 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 447.0 | 1411.2 | 1176.6 | 4582.2 | 2168.3 | 11598.7 | 2048.9 | 2512.7 | 1544.4 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 346.5 | 245.4 | 316.9 | 657.2 | 1505.5 | -222.5 | 532.8 | 812.9 | 698.1 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 14.4 | -57.7 | 20.2 | 83.7 | 29.5 | 95.1 | 182.2 | 27.8 | 123.1 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 607.6 | 365.9 | 489.1 | 1063.7 | 902.7 | 2533.4 | 275.5 | 543.4 | 1140.7 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1496.7 | 1994.9 | 2052.0 | 6328.4 | 4478.2 | 13642.1 | 3030.3 | 4163.1 | 3609.5 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 772.6 | 1490.2 | 1450.7 | 5343.5 | 2935.6 | 13172.8 | 2502.1 | 2763.6 | 1917.9 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | 1.4 | -2.5 | -3.3 | -9.7 | -11.7 | -8.9 | -5.4 | -12.9 | 0.1 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 324.5 | 133.9 | 269.7 | 683.9 | 752.7 | 1477.1 | 290.6 | 215.3 | 254.0 | 10 |
| Federal government; debt securities; liability | FA314122005 | 447.0 | 1409.8 | 1174.9 | 4581.2 | 2168.2 | 11598.1 | 2045.4 | 2512.9 | 1542.8 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -0.3 | -50.9 | 9.4 | 88.2 | 26.4 | 106.6 | 171.5 | 48.2 | 121.0 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 339.9 | 359.3 | 442.6 | 923.7 | 2283.7 | 112.3 | 320.3 | 978.6 | 818.0 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -54.3 | 24.2 | -37.8 | 58.8 | 93.0 | 37.2 | 36.8 | 68.1 | 45.0 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -11.1 | 2.7 | -2.3 | -3.1 | 50.5 | -31.2 | -28.6 | -2.8 | 18.1 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 153.1 | 81.1 | 204.9 | 635.9 | 1388.3 | -177.4 | 505.6 | 827.2 | 665.9 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 193.5 | 165.8 | 113.8 | 22.3 | 117.3 | -44.4 | 30.7 | -14.5 | 33.7 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | -45.8 | 14.3 | 69.6 | 48.1 | 239.2 | -47.8 | -0.5 | 1.6 | 13.0 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -51.2 | 44.1 | -43.8 | -20.2 | 100.8 | -46.9 | -119.3 | -15.3 | -35.5 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 21.6 | 31.0 | 69.3 | 41.2 | -37.8 | 145.7 | 33.7 | 23.1 | 29.2 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 56.5 | -1.7 | -10.0 | 9.9 | 331.7 | -308.7 | -57.2 | 73.8 | 49.8 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 94.4 | -46.9 | 40.9 | 131.7 | 370.0 | 274.8 | -151.5 | 33.6 | -157.8 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -16.9 | 44.7 | 38.0 | -1.0 | -369.3 | 311.1 | 70.5 | -16.2 | 156.7 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 384.2 | 145.3 | 158.8 | 61.2 | -741.2 | 357.1 | 207.9 | 420.9 | 873.6 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1496.7 | 1994.9 | 2052.0 | 6328.4 | 4478.2 | 13642.1 | 3030.3 | 4163.1 | 3609.5 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -23.5 | 869.8 | 464.6 | -43.6 | 137.2 | -179.8 | -738.4 | 606.5 | -1790.6 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -115.3 | 839.8 | 346.1 | -321.7 | -119.0 | -784.6 | -773.0 | 390.0 | -1863.1 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 28.8 | 19.1 | 69.3 | 58.0 | 189.5 | 68.5 | -21.7 | -4.5 | -115.4 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 6.9 | 1.9 | 1.0 | 2.7 | -14.2 | 14.9 | 6.5 | 3.7 | 1.1 | 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 | 56.1 | 8.9 | 48.2 | 217.3 | 80.9 | 521.4 | 49.8 | 217.3 | 186.9 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 868.2 | 982.5 | 1143.1 | 6355.2 | 5456.4 | 12792.4 | 3765.3 | 3406.6 | 4643.7 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -10.9 | -379.4 | -137.5 | 3217.0 | 4281.5 | 6046.3 | 1304.3 | 1235.7 | 1610.4 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 110.5 | 76.4 | 242.8 | 1003.7 | 580.0 | 1181.2 | 1173.4 | 1080.0 | 1827.9 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 27.3 | 26.4 | -30.1 | -12.6 | 104.5 | -74.6 | -55.0 | -25.4 | -12.3 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 1.6 | 5.1 | 13.2 | 6.1 | -3.5 | 16.1 | 3.0 | 9.0 | 16.9 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -5.7 | -9.1 | 11.1 | 88.8 | 11.5 | 133.9 | 115.2 | 94.7 | 277.5 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 33.0 | 43.7 | 29.7 | 53.1 | 67.9 | 65.6 | 106.5 | -27.6 | 94.1 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 80.7 | 90.3 | 122.1 | 184.3 | 290.7 | 56.6 | 304.4 | 85.6 | 73.8 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 145.7 | 82.3 | 88.9 | 169.5 | 134.2 | 161.7 | 160.7 | 221.4 | 83.4 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | -83.3 | 309.2 | 113.5 | 147.7 | 183.2 | 199.5 | 119.0 | 89.1 | 151.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 52.5 | 56.9 | -143.9 | 25.3 | -21.3 | -34.0 | 104.0 | 52.4 | -32.0 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -68.1 | 181.7 | 319.0 | 1004.0 | 1680.6 | 3876.3 | -1046.6 | -494.0 | 336.6 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 382.0 | 185.0 | 356.5 | 339.7 | -1048.2 | 436.5 | 1228.2 | 742.3 | 698.5 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 1.2 | 2.3 | 3.2 | 0.8 | 3.6 | -0.7 | -0.2 | 0.7 | 1.5 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 122.0 | 99.0 | 148.3 | 202.9 | 43.2 | 340.9 | 225.4 | 201.9 | 172.6 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -39.0 | 4.0 | 52.8 | 46.7 | -8.1 | 251.2 | 57.9 | -114.3 | -113.0 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | -8.2 | 8.1 | 12.6 | -2.7 | -4.0 | -5.8 | -4.1 | 3.1 | -7.0 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -10.6 | -4.5 | -0.5 | 9.7 | 7.4 | 16.4 | 5.9 | 9.2 | 5.9 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 55.2 | 30.8 | 46.9 | -154.9 | -596.4 | -19.6 | -16.8 | 13.1 | -27.1 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 8.6 | 157.5 | -71.6 | -68.4 | 81.8 | -29.8 | -220.1 | -105.6 | -520.6 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 14.4 | 31.5 | 29.0 | -12.6 | -53.9 | 10.3 | -33.7 | 27.0 | 115.4 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 59.2 | -14.6 | -62.9 | 107.1 | -278.2 | 164.2 | 234.0 | 308.3 | -110.3 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 652.0 | 142.6 | 444.3 | 16.9 | -1115.4 | 1029.6 | 3.3 | 150.0 | 756.4 | 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 10, 2021