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 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 2010.3 | 1946.4 | 6198.9 | 3186.1 | 4134.2 | 3725.1 | 562.8 | 4322.1 | 5711.1 | 1 |
| All sectors; open market paper; liability | FA893169175 | 30.0 | 49.3 | -58.4 | 27.3 | 116.9 | 9.8 | 174.8 | -192.4 | 30.6 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1411.2 | 1176.6 | 4582.2 | 1683.8 | 2123.8 | 2314.9 | -1048.1 | 3344.8 | 3767.2 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 245.4 | 316.9 | 657.2 | 612.5 | 698.1 | 600.9 | 565.0 | 585.8 | 1039.2 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | -45.1 | 10.1 | 84.0 | 76.1 | 120.4 | 118.3 | 108.1 | -42.4 | -70.1 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 368.8 | 393.6 | 933.8 | 786.3 | 1075.0 | 681.2 | 762.9 | 626.3 | 944.3 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 2010.3 | 1946.4 | 6198.9 | 3186.1 | 4134.2 | 3725.1 | 562.8 | 4322.1 | 5711.1 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1519.3 | 1438.5 | 5289.3 | 1944.4 | 2513.4 | 2646.4 | -595.4 | 3213.1 | 3823.1 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -2.4 | -2.9 | -9.9 | -1.7 | 2.3 | -0.6 | -4.6 | -4.0 | 8.2 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 152.5 | 269.7 | 629.3 | 195.8 | 281.4 | 228.1 | 366.8 | -93.0 | 148.9 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1409.8 | 1174.9 | 4581.2 | 1683.4 | 2122.3 | 2314.9 | -1049.4 | 3345.9 | 3765.6 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -40.5 | -3.2 | 88.7 | 66.9 | 107.5 | 104.1 | 91.9 | -35.8 | -99.6 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 345.7 | 395.4 | 903.0 | 845.5 | 830.1 | 1082.1 | 522.8 | 946.9 | 1427.7 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 24.2 | -37.8 | 61.3 | -41.7 | 51.1 | -3.1 | -176.1 | -38.8 | -62.9 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 2.7 | -2.3 | -2.6 | -0.2 | 19.3 | 5.0 | -33.8 | 8.6 | 19.0 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 81.1 | 204.9 | 635.9 | 539.4 | 665.9 | 483.5 | 514.8 | 493.5 | 888.3 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 165.8 | 113.8 | 22.3 | 73.5 | 33.7 | 117.5 | 51.5 | 91.2 | 152.5 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 13.8 | 61.5 | 51.4 | 145.8 | 43.6 | 97.0 | 197.2 | 245.5 | 180.4 | 18 |
| Finance companies; debt securities; liability | FA614122005 | 44.1 | -43.8 | -20.2 | -45.0 | -77.5 | 11.9 | -137.0 | 22.6 | 8.5 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 31.0 | 69.3 | 42.6 | 56.2 | 27.5 | 102.5 | 22.9 | 72.0 | 36.1 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -1.7 | -10.1 | 10.0 | 33.8 | 49.8 | 32.7 | 40.5 | 12.3 | 172.5 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -24.7 | 45.7 | 129.9 | 65.0 | -150.8 | 330.3 | -28.4 | 109.1 | -55.4 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 9.3 | -5.7 | -27.5 | 18.6 | 167.5 | -95.2 | 71.2 | -68.9 | 88.7 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 145.3 | 112.6 | 6.6 | 396.2 | 790.7 | -3.4 | 635.3 | 162.1 | 460.2 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 2010.3 | 1946.4 | 6198.9 | 3186.1 | 4134.2 | 3725.1 | 562.8 | 4322.1 | 5711.1 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 862.0 | 363.3 | -264.5 | -443.5 | -1737.8 | 667.5 | 280.6 | -984.4 | 2101.6 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 832.0 | 261.4 | -520.3 | -803.0 | -1787.1 | -285.1 | 72.4 | -1212.3 | 1833.2 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 19.1 | 69.3 | 32.9 | 0.3 | -93.6 | 147.4 | -89.2 | 36.4 | -84.1 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 1.9 | -3.2 | 3.0 | 2.7 | 7.6 | -3.3 | -0.5 | 6.8 | 3.9 | 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 | 8.9 | 35.7 | 219.8 | 356.6 | 135.2 | 808.5 | 298.0 | 184.7 | 348.6 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 1006.5 | 1141.8 | 6419.1 | 3059.6 | 5112.5 | 2567.5 | 303.9 | 4254.4 | 2618.9 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -379.4 | -137.5 | 3217.0 | 1537.1 | 1610.4 | 1486.6 | 1707.1 | 1344.3 | 782.3 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 76.0 | 242.8 | 1010.2 | 1239.0 | 1903.7 | 980.3 | 940.2 | 1132.1 | 893.1 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 26.4 | -30.1 | -12.6 | -12.5 | -12.3 | -42.4 | 10.1 | -5.5 | 59.1 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 5.1 | 13.2 | 6.1 | 7.9 | 16.9 | -7.9 | 20.5 | 2.0 | 13.1 | 36 |
| Credit unions; debt securities; asset | FA474022005 | -9.1 | 11.1 | 88.8 | 103.4 | 277.5 | -6.7 | 55.1 | 87.8 | 148.9 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 43.7 | 29.7 | 53.3 | 71.0 | 91.0 | 122.1 | 36.8 | 34.2 | 21.5 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 90.3 | 122.0 | 185.1 | 170.9 | 110.0 | 42.1 | 295.1 | 236.6 | 285.5 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 82.3 | 47.5 | 63.6 | 23.1 | -23.8 | 35.4 | 47.5 | 33.5 | 104.1 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 309.2 | 113.5 | 147.8 | 159.1 | 149.0 | 240.8 | -858.2 | 1104.9 | 308.4 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -152.2 | 74.6 | 186.9 | 246.8 | 279.6 | 47.7 | 173.4 | 186.7 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 197.9 | 412.4 | 1088.7 | -956.4 | 294.6 | -1111.3 | -2822.5 | -186.4 | -248.6 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 156.5 | 351.1 | 322.1 | 597.6 | 1166.5 | 319.7 | 631.5 | 272.6 | -229.9 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 2.3 | 3.2 | 0.8 | 9.1 | 10.3 | 8.0 | 10.4 | 7.9 | 0.3 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 101.4 | 142.5 | 195.0 | 202.0 | 179.8 | 247.8 | 176.0 | 204.6 | 97.1 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 4.0 | 52.8 | 46.7 | -71.2 | -113.0 | -102.6 | -33.8 | -35.3 | 93.5 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 8.1 | 12.6 | -2.7 | 1.5 | -7.0 | -4.6 | 5.2 | 12.5 | 10.5 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -4.5 | -0.5 | 9.7 | 29.3 | 1.3 | 24.7 | 28.5 | 62.8 | 17.9 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 30.8 | 46.9 | -154.5 | -28.5 | -29.0 | -37.6 | -73.6 | 26.3 | 6.1 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 148.8 | -50.6 | -73.1 | -173.2 | -681.7 | 95.0 | 28.2 | -134.4 | -132.5 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 31.1 | 29.1 | -8.7 | 29.4 | 115.1 | -13.7 | -16.2 | 32.4 | 46.6 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 28.6 | -117.9 | 161.1 | -66.2 | -193.5 | 12.3 | 68.4 | -151.8 | 155.3 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 141.9 | 441.4 | 44.4 | 570.0 | 759.6 | 490.1 | -21.7 | 1052.1 | 990.7 | 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 9, 2022