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 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 1920.7 | 6303.7 | 3275.4 | 3122.9 | 4190.3 | 1130.7 | 4657.6 | 4606.3 | 2767.5 | 1 |
| All sectors; open market paper; liability | FA893169175 | 49.3 | -58.4 | 27.3 | 116.9 | 9.8 | 174.8 | -192.4 | 30.6 | -38.2 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1176.6 | 4582.2 | 1683.8 | 1077.1 | 2677.5 | -702.0 | 3682.7 | 2587.8 | 1441.8 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 316.9 | 657.2 | 612.5 | 698.1 | 600.9 | 565.0 | 585.8 | 1039.2 | 949.8 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 9.7 | 84.5 | 76.4 | 120.5 | 118.1 | 108.6 | -41.5 | -70.2 | 53.6 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 368.2 | 1038.2 | 875.4 | 1110.3 | 783.9 | 984.3 | 623.0 | 1018.9 | 360.6 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 1920.7 | 6303.7 | 3275.4 | 3122.9 | 4190.3 | 1130.7 | 4657.6 | 4606.3 | 2767.5 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1447.1 | 5314.9 | 1965.1 | 1473.7 | 3069.4 | -233.8 | 3551.2 | 2653.1 | 1571.7 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -3.0 | -9.9 | -1.7 | 2.3 | -0.6 | -4.6 | -4.0 | 8.6 | -9.2 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 278.4 | 654.1 | 216.0 | 288.1 | 288.6 | 381.5 | -94.2 | 157.7 | 86.3 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1174.9 | 4581.2 | 1683.4 | 1075.6 | 2677.5 | -703.3 | 3683.9 | 2586.3 | 1443.1 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -3.2 | 89.5 | 67.4 | 107.6 | 104.0 | 92.6 | -34.4 | -99.5 | 51.4 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 497.1 | 950.0 | 798.5 | 689.0 | 855.6 | 592.7 | 1056.5 | 1540.7 | 935.9 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 39.8 | 109.0 | -94.9 | -72.5 | -199.3 | -130.6 | 22.8 | 25.6 | -39.5 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 21.0 | -5.8 | -4.9 | 3.1 | -29.4 | -25.0 | 31.8 | 67.8 | 14.0 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 204.9 | 635.9 | 539.4 | 665.9 | 483.5 | 514.8 | 493.5 | 888.3 | 747.5 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 113.8 | 22.3 | 73.5 | 33.7 | 117.5 | 51.5 | 91.2 | 152.5 | 201.0 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 62.4 | 54.0 | 157.4 | 42.4 | 101.2 | 212.8 | 273.0 | 169.6 | 96.3 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -43.8 | -20.2 | -46.1 | -77.5 | 11.9 | -137.0 | 18.3 | -2.2 | 65.3 | 19 |
| Real estate investment trusts; debt securities; liability | FA644122005 | 69.3 | 42.6 | 56.7 | 27.5 | 102.5 | 22.9 | 73.9 | 35.0 | 40.6 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | -10.1 | 10.0 | 33.8 | 49.8 | 32.7 | 40.5 | 12.3 | 172.5 | -46.4 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 45.7 | 129.9 | 65.0 | -150.8 | 330.3 | -28.4 | 109.1 | -55.4 | -57.7 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -5.7 | -27.5 | 18.5 | 167.5 | -95.2 | 71.2 | -69.4 | 87.2 | -85.1 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | -23.5 | 38.8 | 511.8 | 960.3 | 265.2 | 771.8 | 49.9 | 412.5 | 260.0 | 24 |
| All sectors; total debt securities; liability | FA894122005 | 1920.7 | 6303.7 | 3275.4 | 3122.9 | 4190.3 | 1130.7 | 4657.6 | 4606.3 | 2767.5 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 234.2 | -373.1 | -504.6 | -3133.8 | 1090.5 | 572.3 | -547.3 | 504.7 | 2656.6 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 132.3 | -628.9 | -869.8 | -3081.0 | 123.0 | 232.8 | -753.9 | 166.7 | 1762.5 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 69.3 | 32.9 | 30.2 | -93.6 | 162.3 | 0.2 | 51.8 | -80.1 | 138.9 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | -3.2 | 3.0 | 2.7 | 7.6 | -3.3 | -0.5 | 6.8 | 3.9 | 21.2 | 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 | 332.4 | 33.2 | 808.5 | 339.8 | 148.0 | 414.1 | 734.1 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 1141.6 | 6432.1 | 3079.2 | 5170.5 | 2620.1 | 279.9 | 4246.4 | 2840.8 | -462.9 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -137.5 | 3217.0 | 1537.1 | 1610.4 | 1486.6 | 1707.1 | 1344.3 | 782.3 | -150.0 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 242.8 | 1010.2 | 1239.0 | 1903.7 | 980.3 | 940.2 | 1132.1 | 892.6 | -193.1 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -30.1 | -12.6 | -12.5 | -12.3 | -42.4 | 10.1 | -5.5 | 59.1 | 122.2 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 13.2 | 6.1 | 7.9 | 16.9 | -7.9 | 20.5 | 2.0 | 13.1 | 22.1 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 11.1 | 88.8 | 101.5 | 277.5 | -6.7 | 55.1 | 79.9 | 120.3 | 39.9 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 29.7 | 53.3 | 71.0 | 91.0 | 122.1 | 36.8 | 34.2 | 21.5 | 72.9 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 121.9 | 184.9 | 171.2 | 110.0 | 42.1 | 295.0 | 237.6 | 285.0 | 117.1 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 47.5 | 82.0 | 46.7 | 27.5 | 61.5 | 44.3 | 53.3 | 57.6 | 75.9 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | 113.5 | 147.8 | 159.1 | 149.0 | 240.8 | -858.2 | 1104.9 | 308.4 | 280.3 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -152.2 | 74.6 | 186.9 | 250.4 | 275.7 | 47.2 | 174.3 | 76.7 | 162.7 | 42 |
| Money market funds; debt securities; asset | FA634022005 | 412.4 | 1088.7 | -956.4 | 294.6 | -1111.3 | -2822.5 | -186.4 | -248.6 | -565.0 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 352.6 | 323.2 | 595.4 | 1163.6 | 317.4 | 630.2 | 270.4 | 303.6 | -748.2 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 3.2 | 0.8 | 9.1 | 10.3 | 8.0 | 10.4 | 7.9 | 0.3 | 0.6 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 142.5 | 195.0 | 202.0 | 179.8 | 247.8 | 176.0 | 204.6 | 111.1 | 197.6 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 52.8 | 46.7 | -71.2 | -113.0 | -102.6 | -33.8 | -35.3 | 93.5 | -60.0 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 12.6 | -2.7 | 1.5 | -7.0 | -4.6 | 5.2 | 12.5 | 10.5 | 4.8 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -0.5 | 9.7 | 29.3 | 1.3 | 24.7 | 28.5 | 62.8 | 0.8 | 0.8 | 49 |
| Real estate investment trusts; debt securities; asset | FA644022005 | 46.9 | -154.5 | -30.4 | -29.0 | -37.6 | -73.6 | 18.6 | 12.0 | -41.2 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -52.2 | -74.0 | -174.4 | -679.0 | 93.2 | 28.2 | -139.8 | -127.3 | 153.2 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 29.1 | -8.7 | 29.4 | 115.1 | -13.7 | -16.2 | 32.4 | 46.6 | 97.5 | 52 |
| Other financial business; debt securities; asset | FA504022005 | -117.9 | 155.7 | -63.1 | -190.3 | 46.6 | 49.6 | -158.3 | 21.9 | -53.0 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 545.0 | 244.8 | 700.8 | 1086.2 | 479.7 | 278.6 | 958.6 | 1260.8 | 573.9 | 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: September 9, 2022