Financial Accounts of the United States - Z.1
L.208 Debt Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 56524.5 | 58867 | 57507.1 | 57588.7 | 58043.1 | 58867 | 59563.6 | 60335.6 | 61105.1 | 1 |
| All sectors; open market paper; liability | FL893169175 | 1051.8 | 1227.6 | 1139.6 | 1163.9 | 1165.9 | 1227.6 | 1182.9 | 1191.1 | 1230.6 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 25284.7 | 26831.6 | 26016.5 | 26050.7 | 26468.7 | 26831.6 | 26955.7 | 27748 | 28649.1 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 10699.2 | 11678.6 | 10926.8 | 11195.5 | 11442.4 | 11678.6 | 12041.3 | 11972.4 | 11902.3 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 4081.3 | 4028.8 | 4064 | 4068.2 | 4051.7 | 4028.8 | 4032.8 | 4048.4 | 4037.9 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 15407.5 | 15100.4 | 15360.2 | 15110.5 | 14914.3 | 15100.4 | 15351 | 15375.7 | 15285.1 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 56524.5 | 58867 | 57507.1 | 57588.7 | 58043.1 | 58867 | 59563.6 | 60335.6 | 61105.1 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 36700.5 | 38274.4 | 37511.5 | 37511.3 | 37929 | 38274.4 | 38570.4 | 39393.4 | 40307.2 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 202.6 | 201.7 | 204.6 | 202.1 | 201.4 | 201.7 | 201.7 | 204 | 204 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7932.7 | 8013 | 8033.8 | 7998.1 | 8008.9 | 8013 | 8181.1 | 8200.7 | 8219.4 | 10 |
| Federal government; debt securities; liability | FL314122005 | 25304.5 | 26851.4 | 26035.9 | 26070.4 | 26488.1 | 26851.4 | 26975.4 | 27766 | 28668.7 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3260.7 | 3208.3 | 3237.2 | 3240.7 | 3230.6 | 3208.3 | 3212.1 | 3222.8 | 3215.1 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 15605.6 | 16879.5 | 15987 | 16291.4 | 16458.6 | 16879.5 | 17242 | 17209.6 | 17169.3 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 311.8 | 465.6 | 348.4 | 390.8 | 396.7 | 465.6 | 424 | 454.4 | 481.8 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 53.7 | 112 | 77.3 | 96.2 | 97.6 | 112 | 112.8 | 123.8 | 132.9 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 8177.6 | 8970.8 | 8372.6 | 8591.9 | 8785.7 | 8970.8 | 9303.7 | 9189.4 | 9098.3 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2501.8 | 2687.9 | 2534.8 | 2583.9 | 2637.4 | 2687.9 | 2717.9 | 2765 | 2784.4 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1388.3 | 1468.6 | 1426 | 1454.5 | 1471.7 | 1468.6 | 1483 | 1486.5 | 1498 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 1085.3 | 1062.4 | 1068.2 | 1058.6 | 1037 | 1062.4 | 1068.5 | 1103 | 1109.6 | 19 |
| Mortgage real estate investment trusts; debt securities; liability | FL644122075 | 203.8 | 216.7 | 209.5 | 213.8 | 210.6 | 216.7 | 216.5 | 211.8 | 208.9 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 217.7 | 236.1 | 260.8 | 249.2 | 223.6 | 236.1 | 229.3 | 211.2 | 221 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1544.9 | 1541.8 | 1531.1 | 1516.6 | 1472.6 | 1541.8 | 1548 | 1541.2 | 1484.3 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 120.6 | 117.4 | 158.4 | 135.9 | 125.6 | 117.4 | 138.3 | 123.3 | 149.8 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 4218.4 | 3713.2 | 4008.7 | 3786 | 3655.5 | 3713.2 | 3751.3 | 3732.5 | 3628.6 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 57845.6 | 53890 | 56049.5 | 54041.3 | 52611.6 | 53890 | 55425.9 | 55670.7 | 55041 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 5897.1 | 7270.7 | 5810.3 | 6121.2 | 6544.9 | 7270.7 | 8058.7 | 8172.9 | 8268.4 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 3259.4 | 4592.9 | 3259.3 | 3421.3 | 3923.3 | 4592.9 | 5275.4 | 5381.3 | 5474.9 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 409.6 | 369.1 | 378 | 400 | 358.2 | 369.1 | 370.1 | 380.8 | 417.3 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 75.9 | 76.9 | 72.3 | 74.3 | 75.8 | 76.9 | 77 | 77.8 | 78.5 | 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 | 2151.8 | 2231.3 | 2100.2 | 2225.1 | 2187.2 | 2231.3 | 2335.6 | 2332.5 | 2297.3 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 38296.9 | 34016.2 | 37008.3 | 35256 | 33773.2 | 34016.2 | 34415.9 | 34460.9 | 33949.3 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 8733.2 | 7349.1 | 8470.4 | 8043.4 | 7507.3 | 7349.1 | 7243.2 | 6902.1 | 6393.6 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 6319.8 | 5620.5 | 6243.1 | 6017.2 | 5660 | 5620.5 | 5575.3 | 5406.8 | 5153 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 286.1 | 297.8 | 280.8 | 295.5 | 304.4 | 297.8 | 280.4 | 290.5 | 276.2 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 47.5 | 50.9 | 47.8 | 51.3 | 54.5 | 50.9 | 50 | 49.6 | 68.9 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 403.1 | 385.4 | 414.7 | 413.9 | 395.5 | 385.4 | 381.3 | 370.6 | 358.9 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1320.1 | 1241.7 | 1245.2 | 1205.9 | 1183.2 | 1241.7 | 1290 | 1288.9 | 1300.2 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 4452.1 | 3796.4 | 4138.7 | 3870.6 | 3689 | 3796.4 | 3954.4 | 3944.8 | 3834 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1821 | 1688.4 | 1711.2 | 1649.4 | 1610.9 | 1688.4 | 1789 | 1820.1 | 1784.7 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2483.6 | 2720 | 2512.1 | 2535.2 | 2580.1 | 2720 | 2405.3 | 2717.4 | 2757.8 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 1188.4 | 1035.1 | 1144.7 | 1085.9 | 1045.8 | 1035.1 | 1125.6 | 1122.1 | 1100.6 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 2568.8 | 2022 | 2514.9 | 2224.6 | 2113.2 | 2022 | 2206.9 | 2392.5 | 2881.2 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 5897.6 | 4793.9 | 5561.1 | 5087.6 | 4810.7 | 4793.9 | 4931.1 | 4969.8 | 4805 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 186.6 | 153.1 | 173.4 | 159 | 150.1 | 153.1 | 153.6 | 151.9 | 147.3 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 1215.3 | 1258.7 | 1180.5 | 1173.3 | 1177.2 | 1258.7 | 1336.9 | 1371.7 | 1366.3 | 46 |
| Government-sponsored enterprises; debt securities; asset | LM404022005 | 430.2 | 395.6 | 432.8 | 404.5 | 398.9 | 395.6 | 407.9 | 421.6 | 427.2 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 31.9 | 36.4 | 34.5 | 35.7 | 36.3 | 36.4 | 36.4 | 34.5 | 33.2 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 68.3 | 52 | 59 | 50.9 | 47.9 | 52 | 40.9 | 38.3 | 38.2 | 49 |
| Mortgage real estate investment trusts; debt securities; asset | LM644022075 | 180.4 | 159 | 169.3 | 157 | 166 | 159 | 181.3 | 181.8 | 191.1 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 196.6 | 311.4 | 139 | 175.5 | 246.4 | 311.4 | 420.5 | 405 | 435.4 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 146.4 | 181.4 | 148.9 | 166.4 | 176.4 | 181.4 | 168.2 | 165.9 | 173.7 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 320.1 | 467.5 | 386.2 | 453.3 | 419.6 | 467.5 | 437.6 | 415.2 | 422.8 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 13651.6 | 12603.1 | 13230.9 | 12664.1 | 12293.5 | 12603.1 | 12951.3 | 13037 | 12823.3 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | -1321.1 | 4977 | 1457.6 | 3547.4 | 5431.5 | 4977 | 4137.7 | 4664.8 | 6064.1 | 55 |
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 (tables L.101 and B.101).
- The accumulated valuation difference between issuance and holdings.
Last Update: December 7, 2023