L.211 Agency- and GSE-Backed Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2019 2020 2021 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 Line
All sectors; U.S. government agency securities; liability FL893161705 9429.5 10086.7 10699.2 11678.6 10926.8 11195.5 11442.4 11678.6 12041.3 1
Federal government; budget agency securities; liability FL313161705 21.2 20.2 19.8 19.8 19.4 19.7 19.4 19.8 19.7 2
Government-sponsored enterprises; GSE issues; liability FL403161705 7002.2 7638.1 8177.6 8970.8 8372.6 8591.9 8785.7 8970.8 9303.7 3
Agency-and GSE-backed mortgage pools; total mortgages; asset FL413065005 2406.0 2428.3 2501.8 2687.9 2534.8 2583.9 2637.4 2687.9 2717.9 4
All sectors; agency- and GSE-backed securities; asset FL893061705 9917.4 10677.9 11046.3 10688.8 10715.4 10609.5 10357.8 10688.8 11233.8 5
Households and nonprofit organizations; agency- and GSE-backed securities; asset LM153061705 792.8 494.0 502.9 1075.9 554.8 737.0 926.6 1075.9 1355.6 6
Nonfinancial corporate business; agency- and GSE-backed securities; asset LM103061703 21.2 24.3 26.6 30.0 25.0 27.1 26.5 30.0 30.2 7
Federal government; agency- and GSE-backed securities; asset FL313061703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8
State and local governments; agency- and GSE-backed securities; asset LM213061703 539.3 466.5 415.3 410.1 406.3 408.9 406.6 410.1 420.4 9
Monetary authority; agency- and GSE-backed securities; asset LM713061705 1471.1 2167.7 2681.1 2292.7 2618.9 2479.6 2320.8 2292.7 2281.4 10
U.S.-chartered depository institutions; agency- and GSE-backed securities; asset LM763061705 2408.2 3061.0 3505.5 2873.0 3374.7 3167.3 2919.1 2873.0 2796.9 11
Foreign banking offices in the U.S.; agency- and GSE-backed securities; asset LM753061703 53.2 60.7 53.5 48.3 49.3 52.6 52.1 48.3 42.3 12
Banks in U.S.-affiliated areas; agency- and GSE-backed securities; asset LM743061703 8.0 15.0 16.5 16.2 16.9 16.9 16.6 16.2 16.0 13
Credit unions; agency- and GSE-backed securities; asset LM473061705 165.0 239.0 307.5 276.6 305.7 299.9 284.5 276.6 272.9 14
Property-casualty insurance companies; agency- and GSE-backed securities, including those held by U.S. residual market reinsurers; asset LM513061705 149.7 145.3 136.0 129.2 130.6 128.5 126.0 129.2 134.3 15
Life insurance companies; agency- and GSE-backed securities; asset LM543061705 388.4 366.4 312.3 258.8 292.2 276.6 266.8 258.8 264.0 16
Private pension funds; agency- and GSE-backed securities; asset LM573061705 224.1 236.2 221.4 214.3 214.0 212.4 208.9 214.3 222.9 17
Federal government retirement funds; agency- and GSE-backed securities; asset LM343061705 10.5 11.7 11.7 9.8 11.0 10.2 9.7 9.8 10.1 18
State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset LM223061743 166.9 193.8 201.1 154.6 196.3 176.6 155.7 154.6 163.0 19
Money market funds; agency- and GSE-backed securities; asset FL633061700 828.2 688.1 409.9 579.8 403.4 423.4 492.2 579.8 791.9 20
Mutual funds; agency- and GSE-backed securities; asset (market value) LM653061703 677.9 674.5 539.3 528.6 543.4 547.0 518.0 528.6 542.6 21
Government-sponsored enterprises; agency- and GSE-backed securities; asset LM403061705 265.1 237.3 208.4 215.1 201.5 201.6 206.2 215.1 233.5 22
Issuers of asset-backed securities; agency- and GSE-backed securities; asset FL673061703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23
Mortgage real estate investment trusts; agency- and GSE-backed securities; asset LM643061773 334.5 208.5 168.4 149.2 157.5 147.2 155.8 149.2 171.2 24
Security brokers and dealers; agency- and GSE-backed securities (net); asset LM663061705 139.5 77.8 53.8 108.6 21.1 58.1 68.2 108.6 102.3 25
Holding companies; agency- and GSE-backed securities; asset LM733061703 43.1 33.8 24.7 19.2 22.4 21.2 19.6 19.2 19.0 26
Rest of the world; agency- and GSE-backed securities; asset LM263061705 1230.7 1276.4 1250.3 1298.7 1170.2 1217.5 1178.1 1298.7 1363.2 27
Instrument discrepancies; agency and GSE-backed securities (level) (2) LM903061703 -487.9 -591.2 -347.1 989.8 211.4 585.9 1084.7 989.8 807.5 28

NOTES

  1. Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB; and agency- and GSE-backed mortgage pool securities issued by Ginnie Mae, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered officially to be part of the total debt of the federal government, which is shown on table L.106, line 20.
  2. The accumulated valuation difference between issuance and holdings.
Last Update: June 8, 2023