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 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FA894122005 | 2737.5 | 3196.7 | 3282.4 | 3319.9 | 3117.2 | 3067.2 | 3055.3 | 2743.2 | 4008 | 1 |
| All sectors; open market paper; liability | FA893169175 | 151.9 | 15.9 | -325.3 | 63.6 | 275.6 | 49.5 | 40.2 | -52.9 | 78.5 | 2 |
| Federal government; Treasury securities; liability | FA313161105 | 1287.4 | 2381.6 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1689.4 | 1639.7 | 2164.8 | 3 |
| All sectors; U.S. government agency securities; liability | FA893161705 | 979.4 | 297.4 | 1571.1 | -402.6 | -64 | 85.3 | 100.8 | 206.7 | 401.3 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | -51.3 | 22.2 | 47.2 | 110.3 | -8.6 | -60.2 | 135.2 | 239.1 | 162.8 | 5 |
| All sectors; corporate and foreign bonds; liability | FA893163005 | 370.1 | 479.6 | 823.2 | 392.7 | -3.4 | 705.9 | 1089.8 | 710.5 | 1200.7 | 6 |
| All sectors; total debt securities; liability | FA894122005 | 2737.5 | 3196.7 | 3282.4 | 3319.9 | 3117.2 | 3067.2 | 3055.3 | 2743.2 | 4008 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FA384122005 | 1314 | 2631.5 | 1757.9 | 3399.1 | 3022.8 | 2346.2 | 2335.1 | 2126.8 | 2624 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -0.9 | 2.1 | 0.6 | 8.9 | 0.1 | -1.1 | 9.7 | 14.3 | 6.7 | 9 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 78.6 | 226 | 552.1 | 150.1 | 106.6 | 95 | 538.2 | 275.5 | 317.4 | 10 |
| Federal government; debt securities; liability | FA314122005 | 1287.5 | 2382 | 1166 | 3148.9 | 2923.9 | 2289.1 | 1688.4 | 1640.8 | 2165 | 11 |
| State and local governments; municipal securities; liability | FA213162005 | -51.1 | 21.4 | 39.2 | 91.1 | -7.8 | -36.7 | 98.8 | 196.3 | 134.9 | 12 |
| Domestic financial sectors; debt securities; liability | FA794122005 | 1251.3 | 500.9 | 1534.1 | -261 | 44 | 686.7 | 403.7 | 247.4 | 1086.9 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FA764122005 | 134.8 | 1.5 | -163.5 | 120 | 28.1 | 21.2 | -26.5 | -26.8 | -103.7 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FA753169175 | 53 | 41.3 | 1.9 | 43.1 | 11 | 109.2 | 21.8 | 20.8 | -31.5 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FA403161705 | 793.3 | 114.3 | 1431.6 | -588.8 | -292.9 | -92.7 | -59.5 | 22.6 | 223.8 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 186.1 | 182.7 | 139.7 | 193.2 | 222.5 | 175.5 | 161.2 | 183 | 177.4 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FA674122005 | 82.3 | 39.1 | 82.2 | 12 | 48.6 | 13.5 | 124.2 | 38.8 | 117.8 | 18 |
| Finance companies; debt securities; liability | FA614122005 | -22.9 | 93.2 | 24.6 | 136.6 | 54.8 | 156.7 | 54.7 | 112.7 | 120.3 | 19 |
| Mortgage real estate investment trusts; debt securities; liability | FA644122075 | 12.7 | -1.6 | -6.9 | -18.9 | -12 | 31.3 | -0.7 | -19.5 | 9.3 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FA663163003 | 18.4 | 0.1 | -27.2 | -72.5 | 39.4 | 60.9 | 87.8 | 40.9 | 278.8 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -3.2 | 19.6 | 24.8 | -26.9 | -207.7 | 288.2 | 7.8 | -92.3 | 220.5 | 22 |
| Other financial business; debt securities; liability | FA504122005 | -3.2 | 10.8 | 26.9 | -58.8 | 152.2 | -77.2 | 32.9 | -32.7 | 74.3 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | FA264122005 | 172.2 | 64.2 | -9.6 | 181.9 | 50.4 | 34.3 | 316.5 | 368.9 | 297.1 | 24 |
| All sectors; total debt securities; asset | FA894022005 | 2737.5 | 3196.7 | 3282.4 | 3319.9 | 3117.2 | 3067.2 | 3055.3 | 2743.2 | 4008 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FA384022005 | 2171.9 | 1449.6 | 2568.7 | 1306.4 | 645.2 | 1278.3 | -1027.1 | 1463.3 | 360.5 | 26 |
| Households and nonprofit organizations; debt securities; asset | FA154022005 | 1799.8 | 1243.8 | 2297.9 | 928.1 | 269 | 1480.1 | -1442.5 | 1240.2 | 131.4 | 27 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -5.4 | -9.2 | 24.6 | 46.8 | 157.1 | -265.3 | 88.9 | -82 | 44.4 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 21.5 | 0 | -5.4 | 8.1 | 14.6 | -17.2 | 6.6 | 2.8 | -13.1 | 29 |
| Federal government; debt securities; asset | FA314022005 | 0 | -0 | -0 | 0 | 0 | -0 | -0.3 | 0.1 | 0.5 | 30 |
| State and local governments; debt securities; asset | FA214022005 | 356 | 215.1 | 251.6 | 323.4 | 204.5 | 80.8 | 320.2 | 302.2 | 197.3 | 31 |
| Domestic financial sectors; debt securities; asset | FA794022005 | -154.6 | 648.8 | -209.1 | 673.3 | 1443.4 | 687.5 | 3003.7 | 682.3 | 2006.1 | 32 |
| Monetary authority; debt securities; asset | FA714022005 | -175.9 | -957.2 | -1102 | -953 | -880.8 | -893 | -884 | -879.4 | -599.1 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | FA764022005 | -109.6 | -394.2 | -472.1 | -465.3 | -530 | -109.3 | 493.9 | -174.8 | 161.4 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | FA754022005 | 58.4 | -36.7 | -100.1 | 52.9 | -18.4 | -81.2 | 60.2 | 36.8 | -28.2 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | FA744022003 | 10.5 | 19.4 | -8.4 | 1.1 | 83.2 | 1.8 | 6.3 | 12.4 | -11.8 | 36 |
| Credit unions; debt securities; asset | FA474022005 | 29.6 | -40.7 | -54 | -20.9 | -25.2 | -62.5 | -11.5 | -1 | -32.5 | 37 |
| Property-casualty insurance companies; debt securities; asset | FA514022005 | 80.1 | 87.9 | 74.9 | 45.9 | 213.8 | 16.8 | 225.2 | 414.7 | 341.8 | 38 |
| Life insurance companies; debt securities; asset | FA544022005 | 191.9 | 87.6 | 190.3 | 84.1 | 84.6 | -8.6 | 310.6 | 216.6 | 211.5 | 39 |
| Private pension funds; debt securities; asset | FA574022005 | -50.1 | 7.8 | -10.4 | 34.1 | 16.3 | -8.6 | 9.9 | 31.7 | 11.7 | 40 |
| Federal government retirement funds; debt securities; asset | FA344022005 | -3.1 | 2.5 | 1.5 | 6.6 | -2.3 | 4.1 | 1.7 | -3.6 | 2.2 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 15.3 | 18.3 | 81.5 | -43.8 | 21 | 14.7 | 254.6 | 247 | 134.6 | 42 |
| Money market funds; debt securities; asset | FA634022005 | -546.8 | 1392.9 | 704.1 | 1360.5 | 1723.4 | 1783.4 | 1269.3 | 119.6 | 866.2 | 43 |
| Mutual funds; debt securities; asset (market value) | FA654022005 | -191.6 | 134.3 | 71.9 | 412.3 | 255.1 | -202 | 708.5 | 240 | 233.6 | 44 |
| Closed-end funds; debt securities; asset | FA554022005 | -0.6 | -0.9 | 1.2 | 0 | -1.4 | -3.5 | 0.5 | -0.6 | -1 | 45 |
| Exchange-traded funds; debt securities; asset | FA564022005 | 206.5 | 203.3 | 200.1 | 199.2 | 155.3 | 258.9 | 201.2 | 270.3 | 395.6 | 46 |
| Government-sponsored enterprises; debt securities; asset | FA404022005 | 13.9 | 56 | 25.1 | 68.1 | 55.8 | 75.1 | -23.9 | 51.9 | 57.6 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FA674022005 | 4.6 | -5 | -0.2 | -7.6 | -5 | -7 | -9 | -9.3 | -9.7 | 48 |
| Finance companies; corporate and foreign bonds; asset | FA613063003 | -4.2 | -25.8 | -50.2 | -8.5 | -6.5 | -38 | 4.4 | 33.5 | -7.3 | 49 |
| Mortgage real estate investment trusts; debt securities; asset | FA644022075 | -1.3 | 23.8 | 77.9 | 10 | 47.4 | -40.3 | 8.8 | 21.4 | 51.8 | 50 |
| Security brokers and dealers; debt securities; asset | FA664022005 | 135.8 | 128.3 | 476.4 | -48.4 | 249.2 | -164.1 | 466.9 | -50.7 | 270.5 | 51 |
| Holding companies; long-term debt securities; asset | FA734022605 | 58.6 | -4.9 | -71.5 | 1.6 | 55.4 | -5 | -37.6 | 13.8 | -9.6 | 52 |
| Other financial business; debt securities; asset | FA504022005 | 123.6 | -48 | -245.2 | -55.4 | -47.3 | 155.8 | -52.1 | 92.1 | -33.1 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | FA264022005 | 720.3 | 1098.2 | 922.8 | 1340.2 | 1028.6 | 1101.4 | 1078.8 | 597.6 | 1641.4 | 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: December 12, 2024