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 | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 3134.1 | 2754.8 | 3217.7 | 2257.9 | 1916.8 | 3271.7 | 3317.5 | 3109.7 | 3171.7 | 1 |
| All sectors; open market paper; liability | FA893169175 | 27.3 | 151.9 | 25.9 | 235.3 | 141.1 | -315.4 | 71 | 278.9 | 69 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1611.4 | 1287.4 | 2381.6 | 992.7 | 771.1 | 1166.2 | 3156 | 2917.6 | 2286.6 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 612.5 | 979.4 | 281.4 | 1049.4 | 879.1 | 1571.1 | -402.6 | -64 | 21.3 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 79.5 | -52.6 | 20.9 | -31.1 | -185.2 | 45.9 | 109.1 | -11.2 | -60.3 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 803.5 | 388.6 | 507.9 | 11.7 | 310.7 | 804 | 384.1 | -11.5 | 855.1 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 3134.1 | 2754.8 | 3217.7 | 2257.9 | 1916.8 | 3271.7 | 3317.5 | 3109.7 | 3171.7 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1931.7 | 1313 | 2640.9 | 1147.7 | 560.1 | 1776.3 | 3397.8 | 3017.4 | 2372.2 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -1.1 | -0.9 | 2.1 | -3 | 1.1 | 0.3 | 9 | 0.2 | -1.1 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 252.8 | 78.9 | 236.7 | 176.5 | -46.2 | 571.6 | 150 | 103.9 | 121.1 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1611 | 1287.5 | 2382 | 991.2 | 772.9 | 1166 | 3148.9 | 2923.9 | 2289.1 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | 69.1 | -52.4 | 20.2 | -17 | -167.7 | 38.4 | 89.9 | -10.7 | -36.8 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 719.9 | 1275.8 | 494.9 | 794.1 | 1596.6 | 1537.2 | -258.2 | 49.8 | 651 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | -125.1 | 153.8 | 5.6 | 23.7 | 275.5 | -166.6 | 121.9 | 32.1 | 35 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | -11.5 | 58.3 | 44.8 | 5.9 | 57.5 | 3.3 | 44 | 12.2 | 119.6 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 539.4 | 793.3 | 98.3 | 841.6 | 695.7 | 1431.6 | -588.8 | -292.9 | -156.7 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 73.5 | 186.1 | 182.7 | 209.3 | 181.7 | 139.7 | 193.2 | 222.5 | 175.5 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 163.8 | 82.2 | 37.5 | 76.9 | -33 | 82.2 | 12 | 48.6 | 7.2 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -61.2 | -22.9 | 95.7 | -72.2 | 88.4 | 24.6 | 136.6 | 54.8 | 166.7 | 19 |
| Mortgage real estate investment trusts; debt securities; liability | FA644122075 | 23.8 | 13 | -0.3 | -12.8 | 24.7 | -2.1 | -18.8 | -11.4 | 31.2 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 33.8 | 18.4 | 0.1 | -102.6 | 50 | -27.2 | -72.5 | 39.4 | 60.9 | 21 |
| Holding companies; debt securities; liability | FA734122005 | 65 | -3.2 | 19.5 | -176.1 | 276.6 | 24.8 | -26.9 | -207.7 | 287.9 | 22 |
| Other financial business; debt securities; liability | FA504122005 | 18.4 | -3.2 | 11 | 0.4 | -20.4 | 26.9 | -58.8 | 152.2 | -76.3 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 482.5 | 166 | 81.8 | 316.1 | -239.8 | -41.8 | 177.8 | 42.6 | 148.5 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 3134.1 | 2754.8 | 3217.7 | 2257.9 | 1916.8 | 3271.7 | 3317.5 | 3109.7 | 3171.7 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | -624.2 | 1850.8 | 1260 | 1548.5 | 2955.9 | 2353.7 | 1086.1 | 622.5 | 977.5 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | -1002.8 | 1510.3 | 1089.4 | 1433.7 | 2753.9 | 2136.6 | 896.1 | 392.2 | 932.6 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 37.8 | -18.5 | 71.8 | -143.3 | 28.4 | 12 | 43.2 | 166.7 | 65.4 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 2.3 | 12.8 | -0.2 | 21.9 | 3 | -7.3 | 8.9 | 15.1 | -17.6 | 29 |
| Federal government; debt securities; asset | FA314022005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 |
| State and local governments; debt securities; asset | FA214022005 | 338.4 | 346.1 | 99 | 236.3 | 170.7 | 212.5 | 137.9 | 48.5 | -2.9 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | 3086 | 61.6 | 972.7 | -359.3 | -1777.7 | 141.4 | 947.4 | 1731.8 | 1070.3 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | 1537.1 | -175.9 | -957 | -523 | -812.7 | -1101.9 | -953 | -880.8 | -892 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | 1240.1 | -109.8 | -393.8 | -649.2 | -487.5 | -472.2 | -465.2 | -530 | -107.9 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | -12.5 | 58.4 | -36.7 | 97.9 | -45.5 | -100.1 | 52.9 | -18.4 | -81.2 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 7.9 | 10.5 | 19.4 | 22.9 | -16.3 | -8.4 | 1.1 | 83.2 | 1.8 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 101.5 | 29.6 | -42.8 | -4.1 | -47.2 | -54 | -20.9 | -25.2 | -71 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 71 | 80.1 | 121.8 | 105.4 | 100.4 | 78.4 | 48.4 | 220.6 | 139.8 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 176.7 | 191.9 | 142.4 | 247 | 124.3 | 226.7 | 123.9 | 125.2 | 93.7 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | 189.7 | 145.2 | 167.8 | 185.9 | 190.5 | 228.5 | 235.2 | 97.8 | 109.5 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | -2 | -3.1 | 2.2 | -2.4 | 4 | 1.6 | 6.7 | -0.9 | 1.5 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 151 | 32.7 | 49.7 | 17.8 | -61.4 | 100.9 | -33.5 | 88.1 | 43.5 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -956.4 | -546.8 | 1392.9 | -670.2 | -703.4 | 704.1 | 1360.5 | 1723.4 | 1783.4 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | 595 | -191.7 | 205.9 | -25.4 | -438.2 | 71.9 | 411.6 | 255.6 | 84.6 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | 9.2 | -0.6 | -0.9 | -2.1 | -1.3 | 1.1 | 0 | -1.3 | -3.4 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 202.7 | 206.5 | 200.5 | 210.2 | 289.1 | 200.1 | 199.2 | 155.3 | 247.7 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | -71.2 | 13.9 | 42.6 | 37 | -15.4 | 25.1 | 68.1 | 55.8 | 21.3 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 1.5 | 4.6 | -5 | 2.5 | 0.4 | -0.2 | -7.6 | -5 | -7 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | 18.2 | -4.2 | -27.2 | 0.2 | 11.4 | -50.2 | -8.5 | -6.5 | -43.6 | 49 |
| Mortgage real estate investment trusts; debt securities; asset | FA644022075 | -37.9 | -1.3 | 24.6 | 58.6 | -31.6 | 77.9 | 10 | 47.4 | -36.8 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | -174.4 | 135.8 | 128.3 | 385.9 | 131.4 | 476.4 | -48.4 | 249.2 | -164.1 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 29.4 | 58.2 | -4.5 | 73.6 | 15 | -71.5 | 1.5 | 55.4 | -3.4 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 9.4 | 127.8 | -57.5 | 72.3 | 16.2 | -192.8 | -34.4 | 43.1 | -45.9 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 672.3 | 842.4 | 985 | 1068.7 | 738.7 | 776.6 | 1283.9 | 755.4 | 1123.9 | 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: March 7, 2024