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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1951.1 | 6189.1 | 5068.3 | 14026.8 | 2074.0 | 3587.3 | 4058.2 | 3745.9 | 689.5 | 1 |
| All sectors; open market paper; liability | FA893169175 | 49.3 | -58.4 | -128.0 | -362.7 | -9.2 | 266.6 | 103.4 | -3.8 | 161.2 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1176.6 | 4582.2 | 2682.7 | 12320.2 | 1378.2 | 1947.6 | 2123.8 | 2314.9 | -1048.1 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 316.9 | 657.2 | 1505.5 | -222.5 | 532.8 | 812.9 | 698.1 | 600.9 | 565.0 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 9.6 | 84.4 | 32.6 | 98.9 | 184.0 | 21.9 | 119.8 | 116.7 | 71.1 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 398.7 | 923.7 | 975.6 | 2192.9 | -11.8 | 538.3 | 1013.2 | 717.2 | 940.4 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1951.1 | 6189.1 | 5068.3 | 14026.8 | 2074.0 | 3587.3 | 4058.2 | 3745.9 | 689.5 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1439.5 | 5278.7 | 3424.8 | 13895.2 | 1730.0 | 2064.7 | 2446.5 | 2619.1 | -629.6 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -3.3 | -10.3 | -11.7 | -9.0 | -5.4 | -15.0 | 2.8 | -1.0 | -4.5 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 270.3 | 617.2 | 724.3 | 1474.7 | 186.7 | 83.0 | 210.9 | 202.9 | 368.9 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1174.9 | 4581.2 | 2682.6 | 12319.5 | 1374.7 | 1947.8 | 2122.3 | 2314.9 | -1049.4 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -2.3 | 90.6 | 29.7 | 110.1 | 174.0 | 48.8 | 110.5 | 102.4 | 55.4 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 399.0 | 903.8 | 2583.1 | -234.1 | 236.1 | 1030.1 | 821.0 | 1069.1 | 688.5 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -37.8 | 61.3 | 93.0 | 37.2 | 36.8 | 78.2 | 51.1 | -1.4 | -27.6 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -2.3 | -2.6 | 50.5 | -31.2 | -28.6 | -1.0 | 19.3 | 5.4 | -5.0 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 204.9 | 635.9 | 1388.3 | -177.4 | 505.6 | 827.2 | 665.9 | 483.5 | 514.8 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 113.8 | 22.3 | 117.3 | -44.4 | 30.7 | -14.5 | 33.7 | 117.5 | 51.5 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 69.9 | 51.6 | 240.6 | -47.9 | 6.2 | 7.4 | 42.3 | 96.4 | 180.9 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -43.8 | -20.2 | 100.8 | -46.9 | -119.3 | -15.3 | -77.5 | 11.9 | -133.1 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 69.3 | 41.4 | -37.8 | 142.0 | 33.7 | 27.8 | 26.2 | 99.7 | 22.5 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -10.1 | 10.0 | 332.0 | -308.7 | -57.2 | 73.8 | 49.8 | 32.7 | 40.5 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 40.8 | 131.7 | 369.7 | 274.7 | -151.5 | 33.8 | -157.3 | 318.7 | -27.3 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -5.7 | -27.5 | -71.3 | -31.3 | -20.3 | 12.7 | 167.5 | -95.2 | 71.2 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 112.6 | 6.6 | -939.5 | 365.6 | 107.8 | 492.5 | 790.7 | 57.7 | 630.6 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1951.1 | 6189.1 | 5068.3 | 14026.8 | 2074.0 | 3587.3 | 4058.2 | 3745.9 | 689.5 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 377.9 | -167.9 | 518.4 | -182.9 | -1255.4 | 248.0 | -1997.5 | -28.9 | 666.8 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 271.9 | -448.6 | 268.1 | -832.8 | -1297.6 | 68.1 | -2049.2 | -952.4 | 285.1 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 69.3 | 52.7 | 183.6 | 83.6 | -14.2 | -42.1 | -102.7 | 98.6 | 59.8 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 1.0 | 3.0 | -14.2 | 14.9 | 6.7 | 4.8 | 7.6 | -3.3 | -0.5 | 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 | 35.7 | 224.8 | 80.9 | 551.4 | 49.8 | 217.3 | 146.9 | 828.3 | 322.4 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 1131.8 | 6312.7 | 5841.7 | 13200.1 | 3363.7 | 2845.3 | 5296.1 | 2796.2 | 79.8 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -137.5 | 3217.0 | 4281.5 | 6046.3 | 1304.3 | 1235.7 | 1610.4 | 1486.6 | 1706.8 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 242.8 | 1003.2 | 644.7 | 1224.7 | 1108.2 | 1035.2 | 1898.0 | 987.1 | 954.2 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -30.1 | -12.6 | 104.5 | -74.6 | -55.0 | -25.4 | -12.3 | -42.4 | 10.1 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 13.2 | 6.1 | -3.5 | 16.1 | 3.0 | 9.0 | 16.9 | -7.9 | 20.5 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 11.1 | 88.8 | 11.5 | 133.9 | 115.2 | 94.7 | 277.5 | -11.2 | 72.5 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 29.7 | 53.1 | 67.9 | 65.6 | 106.5 | -27.6 | 94.1 | 126.2 | 38.3 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 122.1 | 184.3 | 290.7 | 56.6 | 304.4 | 85.6 | 73.8 | 73.2 | 330.1 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 47.5 | 92.4 | 139.4 | 48.7 | 72.4 | 109.1 | 23.9 | 91.5 | 92.4 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 113.5 | 147.7 | 183.2 | 199.5 | 119.0 | 89.1 | 148.6 | 240.5 | -852.0 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -136.1 | 52.4 | -21.5 | -34.3 | 105.0 | 160.3 | 217.2 | 338.2 | -18.3 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 319.0 | 1004.0 | 1797.0 | 4315.6 | -1310.8 | -785.6 | 477.2 | -1072.0 | -2605.8 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 356.5 | 339.7 | -1048.2 | 436.5 | 1228.2 | 742.3 | 1191.8 | 400.2 | 174.7 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 3.2 | 0.8 | 3.6 | -0.7 | -0.2 | 0.7 | 10.3 | 8.0 | 1.9 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 148.3 | 202.9 | 43.2 | 340.9 | 225.4 | 201.9 | 172.6 | 251.3 | 197.8 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 52.8 | 46.7 | -8.1 | 251.2 | 57.9 | -114.3 | -113.0 | -102.6 | -33.8 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 12.6 | -2.7 | -4.0 | -5.8 | -4.1 | 3.1 | -7.0 | -4.6 | 5.2 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -0.5 | 9.7 | 7.4 | 16.4 | 5.9 | 9.2 | 1.3 | 24.7 | 28.5 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 46.9 | -154.5 | -596.4 | -19.3 | -15.7 | 13.6 | -27.2 | -38.3 | -73.9 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -51.7 | -73.9 | 202.3 | -49.0 | -187.2 | -261.8 | -677.6 | 93.9 | 29.3 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 29.1 | -8.7 | -39.9 | 8.9 | -32.2 | 28.5 | 115.1 | -13.7 | -16.2 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -60.6 | 116.2 | -213.5 | 222.8 | 213.5 | 242.2 | -195.6 | -32.8 | 17.4 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 441.4 | 44.4 | -1291.8 | 1009.6 | -34.3 | 494.0 | 759.6 | 978.6 | -57.0 | 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 9, 2021