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 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1951.1 | 6187.6 | 3185.9 | 2064.4 | 3599.1 | 4093.6 | 3693.5 | 658.8 | 4297.7 | 1 |
| All sectors; open market paper; liability | FA893169175 | 49.3 | -58.4 | 27.3 | -9.2 | 266.6 | 116.9 | 9.8 | 174.8 | -192.4 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1176.6 | 4582.2 | 1683.8 | 1378.2 | 1947.6 | 2123.8 | 2314.9 | -1048.1 | 3344.8 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 316.9 | 657.2 | 579.5 | 532.8 | 812.9 | 698.1 | 600.9 | 565.0 | 453.8 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 10.0 | 83.7 | 68.7 | 184.1 | 20.3 | 119.2 | 116.4 | 76.7 | -37.4 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 398.3 | 922.8 | 826.6 | -21.6 | 551.8 | 1035.6 | 651.5 | 890.4 | 728.9 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1951.1 | 6187.6 | 3185.9 | 2064.4 | 3599.1 | 4093.6 | 3693.5 | 658.8 | 4297.7 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1439.5 | 5277.8 | 1919.5 | 1724.2 | 2075.1 | 2482.4 | 2627.8 | -646.2 | 3214.1 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -3.1 | -10.4 | -1.4 | -5.3 | -15.6 | 2.8 | -1.0 | -4.0 | -3.5 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 270.0 | 616.7 | 177.0 | 180.9 | 94.7 | 248.3 | 211.0 | 346.4 | -97.6 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1174.9 | 4581.2 | 1683.4 | 1374.7 | 1947.8 | 2122.3 | 2314.9 | -1049.4 | 3345.9 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -2.3 | 90.3 | 60.5 | 173.9 | 48.1 | 109.0 | 103.0 | 60.8 | -30.7 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 399.0 | 903.2 | 820.9 | 232.3 | 1031.6 | 820.5 | 1069.0 | 532.1 | 861.8 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -37.8 | 61.3 | -40.6 | 36.8 | 78.2 | 51.1 | -3.1 | -176.1 | -34.1 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -2.3 | -2.6 | 0.0 | -28.6 | -1.0 | 19.3 | 5.0 | -33.8 | 9.6 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 204.9 | 635.9 | 506.4 | 505.6 | 827.2 | 665.9 | 483.5 | 514.8 | 361.5 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 113.8 | 22.3 | 73.5 | 30.7 | -14.5 | 33.7 | 117.5 | 51.5 | 91.2 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 69.9 | 51.8 | 145.9 | 6.1 | 8.5 | 42.1 | 98.4 | 199.3 | 243.6 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -43.8 | -20.2 | -45.0 | -119.3 | -15.3 | -77.5 | 11.9 | -137.0 | 22.6 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 69.3 | 40.6 | 57.4 | 29.9 | 28.1 | 25.8 | 99.6 | 29.1 | 75.2 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -10.1 | 10.0 | 40.8 | -57.2 | 73.8 | 49.8 | 32.7 | 40.5 | 40.0 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 40.8 | 131.7 | 60.3 | -151.5 | 33.9 | -157.3 | 318.8 | -27.3 | 106.9 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -5.7 | -27.5 | 22.2 | -20.3 | 12.7 | 167.5 | -95.2 | 71.2 | -54.7 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 112.6 | 6.6 | 445.5 | 107.8 | 492.5 | 790.7 | -3.4 | 772.9 | 221.8 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1951.1 | 6187.6 | 3185.9 | 2064.4 | 3599.1 | 4093.6 | 3693.5 | 658.8 | 4297.7 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 371.7 | -272.0 | -490.5 | -1321.4 | 377.2 | -1767.3 | 595.7 | 294.1 | -1084.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 265.7 | -547.5 | -867.6 | -1358.8 | 220.8 | -1807.5 | -308.0 | -63.1 | -1291.7 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 69.3 | 52.7 | 17.9 | -14.2 | -42.1 | -102.7 | 98.6 | 59.8 | 15.8 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 1.0 | 3.0 | 2.7 | 6.7 | 4.8 | 7.6 | -3.3 | -0.5 | 6.8 | 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 | 219.8 | 356.6 | 45.1 | 193.7 | 135.2 | 808.5 | 298.0 | 184.7 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 1138.0 | 6415.2 | 3071.0 | 3420.0 | 2728.0 | 5101.4 | 2607.7 | 306.0 | 4268.9 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -137.5 | 3217.0 | 1537.2 | 1304.3 | 1235.7 | 1610.4 | 1486.6 | 1707.1 | 1345.0 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 242.8 | 1010.2 | 1239.1 | 1129.7 | 1041.7 | 1903.7 | 980.3 | 940.2 | 1132.1 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -30.1 | -12.6 | -12.5 | -55.1 | -25.4 | -12.3 | -42.4 | 10.1 | -5.5 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 13.2 | 6.1 | 7.9 | 3.0 | 9.0 | 16.9 | -7.9 | 20.5 | 2.0 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 11.1 | 88.8 | 107.9 | 115.2 | 94.7 | 277.5 | -11.2 | 59.2 | 106.1 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 29.7 | 53.1 | 74.7 | 106.5 | -27.6 | 94.1 | 126.2 | 38.3 | 40.2 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 122.1 | 184.3 | 140.8 | 304.4 | 85.6 | 73.8 | 73.2 | 329.8 | 86.5 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 47.5 | 63.5 | 23.8 | 25.4 | 54.2 | -24.8 | 41.2 | 50.6 | 28.4 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 113.5 | 147.7 | 159.3 | 119.0 | 89.1 | 148.6 | 240.5 | -852.0 | 1100.0 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -152.2 | 74.6 | 192.0 | 109.3 | 204.0 | 246.8 | 279.6 | 47.7 | 194.1 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 412.4 | 1088.7 | -956.4 | -1277.5 | -815.7 | 294.6 | -1111.3 | -2822.5 | -186.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 351.1 | 321.4 | 662.2 | 1298.3 | 687.4 | 1164.0 | 321.0 | 619.1 | 544.5 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 3.2 | 0.8 | 9.2 | -0.2 | 0.7 | 10.3 | 8.0 | 10.4 | 7.9 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 142.5 | 194.9 | 199.4 | 216.8 | 206.5 | 180.3 | 247.8 | 176.0 | 193.5 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 52.8 | 46.7 | -88.5 | 57.9 | -114.3 | -113.0 | -102.6 | -33.8 | -104.4 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 12.6 | -2.7 | 1.5 | -4.1 | 3.1 | -7.0 | -4.6 | 5.2 | 12.5 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -0.5 | 9.7 | 29.2 | 5.9 | 9.2 | 1.3 | 24.7 | 28.5 | 62.1 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 46.9 | -154.5 | -37.7 | -15.7 | 13.4 | -26.9 | -37.7 | -73.7 | -12.6 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -51.7 | -73.9 | -185.7 | -187.2 | -261.8 | -677.6 | 93.9 | 28.8 | -187.9 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 29.1 | -8.7 | 29.1 | -32.2 | 28.5 | 115.1 | -13.7 | -16.2 | 31.3 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -120.5 | 160.1 | -61.5 | 196.4 | 210.1 | -174.4 | 16.0 | 32.9 | -120.5 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 441.4 | 44.4 | 605.4 | -34.3 | 494.0 | 759.6 | 490.1 | 58.7 | 1113.1 | 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 10, 2022