L.208 Debt Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
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 FL894122005 46724.4 53109.0 56187.8 51915.9 53109.0 53804.1 54574.2 54912.2 56187.8 1
All sectors; open market paper; liability FL893169175 1045.2 986.9 1014.2 956.9 986.9 1105.2 1085.4 1071.4 1014.2 2
Federal government; Treasury securities; liability FL313161105 19018.7 23600.9 25284.7 22900.4 23600.9 23943.0 24301.5 24249.9 25284.7 3
All sectors; U.S. government agency securities; liability FL893161705 9429.5 10086.7 10666.1 9866.2 10086.7 10226.4 10407.5 10535.9 10666.1 4
Domestic nonfinancial sectors; municipal securities; liability FL383162005 3897.2 3981.0 4049.7 3959.2 3981.0 4007.3 4030.0 4039.2 4049.7 5
All sectors; corporate and foreign bonds; liability FL893163005 13333.7 14453.6 15173.0 14233.1 14453.6 14522.3 14749.8 15015.8 15173.0 6
All sectors; total debt securities; liability FL894122005 46724.4 53109.0 56187.8 51915.9 53109.0 53804.1 54574.2 54912.2 56187.8 7
Domestic nonfinancial sectors; debt securities; liability FL384122005 28947.4 34225.2 36144.7 33494.7 34225.2 34718.4 35105.7 35122.0 36144.7 8
Nonprofit organizations; municipal securities; liability (2) FL163162003 212.9 202.5 201.0 206.4 202.5 203.2 202.9 201.9 201.0 9
Nonfinancial corporate business; debt securities; liability FL104122005 6596.7 7213.4 7390.4 7205.9 7213.4 7339.2 7350.0 7411.2 7390.4 10
Federal government; debt securities; liability FL314122005 19039.9 23621.1 25304.5 22920.6 23621.1 23962.8 24321.4 24269.4 25304.5 11
State and local governments; municipal securities; liability FL213162005 3097.9 3188.3 3248.8 3161.8 3188.3 3213.2 3231.4 3239.5 3248.8 12
Domestic financial sectors; debt securities; liability FL794122005 13976.6 14873.7 15688.7 14596.9 14873.7 15052.2 15350.4 15452.6 15688.7 13
U.S.-chartered depository institutions; debt securities; liability FL764122005 209.7 271.0 230.4 251.4 271.0 283.8 283.0 239.0 230.4 14
Foreign banking offices in the U.S.; open market paper; liability FL753169175 38.5 35.9 35.9 36.1 35.9 40.7 42.0 33.5 35.9 15
Government-sponsored enterprises; GSE issues; liability FL403161705 7002.2 7638.1 8144.6 7417.7 7638.1 7775.1 7928.1 8041.7 8144.6 16
Agency-and GSE-backed mortgage pools; total mortgages; asset FL413065005 2406.0 2428.3 2501.8 2428.4 2428.3 2431.4 2459.6 2474.7 2501.8 17
Issuers of asset-backed securities; debt securities; liability FL674122005 1180.2 1225.9 1369.9 1220.4 1225.9 1230.5 1256.0 1304.6 1369.9 18
Finance companies; debt securities; liability FL614122005 835.4 815.2 770.2 816.4 815.2 795.0 799.0 761.6 770.2 19
Real estate investment trusts; debt securities; liability FL644122005 539.3 579.9 633.2 572.9 579.9 586.3 611.2 614.4 633.2 20
Security brokers and dealers; corporate and foreign bonds; liability FL663163003 173.9 183.9 224.6 165.4 183.9 196.3 204.5 214.6 224.6 21
Holding companies; debt securities; liability FL734122005 1445.7 1577.4 1637.6 1568.9 1577.4 1538.0 1617.7 1610.9 1637.6 22
Other financial business; debt securities; liability FL504122005 145.7 118.2 140.4 119.2 118.2 174.9 149.3 157.5 140.4 23
Rest of the world; debt securities, excluding negotiable certificates of deposit; liability LM264122005 3800.4 4010.1 4354.3 3824.3 4010.1 4033.6 4118.0 4337.5 4354.3 24
All sectors; total debt securities; asset FL894022005 47871.8 55781.2 57406.1 54231.5 55781.2 54998.8 56280.7 56361.2 57406.1 25
Domestic nonfinancial sectors; debt securities; asset FL384022005 6759.8 6783.3 5802.8 6323.0 6783.3 6089.4 5770.0 5991.0 5802.8 26
Households and nonprofit organizations; debt securities; asset LM154022005 4714.0 4416.7 3145.6 3984.6 4416.7 3807.1 3243.3 3386.1 3145.6 27
Nonfinancial corporate business; debt securities; asset LM104022005 326.6 381.3 394.2 391.7 381.3 346.1 372.9 388.6 394.2 28
Nonfinancial noncorporate business; debt securities; asset LM114022005 80.0 86.6 85.0 86.8 86.6 84.0 84.3 83.5 85.0 29
Federal government; debt securities; asset FL314022005 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 30
State and local governments; debt securities; asset LM214022005 1638.6 1898.1 2177.4 1859.4 1898.1 1851.6 2069.0 2132.3 2177.4 31
Domestic financial sectors; debt securities; asset FL794022005 28865.8 36091.9 38027.2 35185.5 36091.9 36225.0 37059.6 36955.0 38027.2 32
Monetary authority; debt securities; asset LM714022005 4011.9 7422.2 8708.3 7163.7 7422.2 7548.3 8010.8 8412.3 8708.3 33
U.S.-chartered depository institutions; debt securities; asset LM764022005 4083.5 5131.1 6233.4 4872.1 5131.1 5493.6 5747.1 5975.5 6233.4 34
Foreign banking offices in the U.S.; debt securities; asset LM754022005 309.0 313.5 286.1 319.4 313.5 294.7 289.4 289.5 286.1 35
Banks in U.S.-affiliated areas; debt securities; asset LM744022003 33.6 41.3 47.5 39.3 41.3 43.8 42.4 47.3 47.5 36
Credit unions; debt securities; asset LM474022005 221.3 311.1 409.6 290.9 311.1 374.2 374.8 387.1 409.6 37
Property-casualty insurance companies; debt securities; asset LM514022005 1192.8 1270.2 1296.3 1270.6 1270.2 1243.6 1296.6 1293.3 1296.3 38
Life insurance companies; debt securities; asset LM544022005 4023.0 4431.5 4354.3 4345.0 4431.5 4221.9 4333.3 4368.9 4354.3 39
Private pension funds; debt securities; asset LM574022005 1565.8 1695.5 1636.6 1677.0 1695.5 1602.7 1641.8 1640.5 1636.6 40
Federal government retirement funds; debt securities; asset LM344022005 2177.4 2326.5 2483.7 2232.0 2326.5 2317.5 2332.4 2141.7 2483.7 41
State and local government employee defined benefit retirement funds retirement funds; debt securities; asset LM224022045 954.9 1074.6 1214.2 1021.2 1074.6 1082.3 1171.2 1173.6 1214.2 42
Money market funds; debt securities; asset FL634022005 2436.5 3525.2 2568.8 3651.0 3525.2 3606.1 3185.2 2534.5 2568.8 43
Mutual funds; debt securities; asset (market value) LM654022005 5095.5 5542.8 5968.2 5335.4 5542.8 5590.4 5767.1 5863.4 5968.2 44
Closed-end funds; debt securities; asset LM554022005 171.5 175.7 186.3 166.2 175.7 178.2 183.0 185.9 186.3 45
Exchange-traded funds; debt securities; asset LM564022005 808.9 1041.4 1212.0 981.8 1041.4 1057.7 1133.5 1173.0 1212.0 46
Government-sponsored enterprises; debt securities; asset LM404022005 467.7 520.1 413.2 557.0 520.1 471.9 450.5 440.1 413.2 47
Issuers of asset-backed securities; debt securities; asset FL674022005 33.0 30.3 31.9 29.5 30.3 28.6 27.4 28.7 31.9 48
Finance companies; corporate and foreign bonds; asset LM613063003 60.0 73.6 98.6 69.9 73.6 69.7 77.6 83.8 98.6 49
Real estate investment trusts; debt securities; asset LM644022005 386.7 236.8 192.7 234.8 236.8 223.8 216.6 197.7 192.7 50
Security brokers and dealers; debt securities; asset LM664022005 450.6 390.7 186.3 433.7 390.7 189.0 218.3 206.5 186.3 51
Holding companies; long-term debt securities; asset LM734022605 126.8 122.4 146.2 116.1 122.4 145.5 144.1 139.1 146.2 52
Other financial business; debt securities; asset FL504022005 255.6 415.3 353.4 378.5 415.3 441.5 416.6 372.7 353.4 53
Rest of the world; debt securities, excluding negotiable certificates of deposit; asset LM264022005 12246.3 12906.1 13576.1 12723.0 12906.1 12684.4 13451.0 13415.1 13576.1 54
Instrument discrepancies; debt securities (level) (3) LM904022005 -1147.5 -2672.2 -1218.3 -2315.6 -2672.2 -1194.7 -1706.5 -1449.0 -1218.3 55

NOTES

  1. Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
  2. Liability of the households and nonprofit organizations sector (tables L.101 and B.101).
  3. The accumulated valuation difference between issuance and holdings.
Last Update: March 10, 2022