Financial Accounts of the United States - Z.1
F.210 Treasury Securities (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government; Treasury securities; liability | FA313161105 | 1611.4 | 1287.4 | 2381.6 | 1912.9 | 1689.4 | 1639.7 | 2164.8 | 2157.7 | 533.8 | 1 |
| Federal government; Treasury bills; liability | FA313161110 | -1195.1 | -71.8 | 1978.7 | 511.4 | 1360.0 | -544.9 | 747.7 | 482.6 | -299.4 | 2 |
| Federal government; other marketable Treasury securities; liability (2) | FA313161275 | 2806.5 | 1359.2 | 402.9 | 1401.5 | 329.3 | 2184.6 | 1417.1 | 1675.1 | 833.2 | 3 |
| All sectors; Treasury securities; asset | FA893061105 | 1611.4 | 1287.4 | 2381.6 | 1912.9 | 1689.4 | 1639.7 | 2164.8 | 2157.7 | 533.8 | 4 |
| Households and nonprofit organizations; Treasury securities; asset | FA153061105 | -807.3 | 1340.0 | 923.9 | 128.5 | -647.8 | 983.4 | -23.9 | 202.4 | -322.0 | 5 |
| Nonfinancial corporate business; Treasury securities; asset | FA103061103 | 10.7 | 21.2 | 19.9 | 12.3 | 4.5 | -72.7 | 87.0 | 30.5 | -4.6 | 6 |
| Nonfinancial noncorporate business; total U.S. government securities; asset | FA113061003 | 2.2 | 22.4 | 0.1 | 3.0 | 6.4 | 2.7 | -12.9 | 16.0 | -6.5 | 7 |
| State and local governments; Treasury securities, excluding SLGS; asset | FA213061103 | 441.6 | 229.4 | 118.6 | 145.3 | 200.8 | 173.6 | 67.6 | 139.2 | -18.4 | 8 |
| Monetary authority; total Treasury securities; asset | FA713061103 | 961.6 | -188.2 | -740.9 | -515.3 | -704.9 | -663.7 | -377.9 | -314.6 | -310.1 | 9 |
| Monetary authority; Treasury bills; asset | FA713061113 | 0.0 | -39.4 | -72.4 | -20.9 | -85.4 | 0.2 | 1.1 | 0.4 | 1.2 | 10 |
| Monetary authority; other Treasury securities, excluding Treasury bills; asset | FA713061125 | 961.5 | -148.8 | -668.6 | -494.4 | -619.5 | -663.9 | -379.0 | -315.0 | -311.3 | 11 |
| U.S.-chartered depository institutions; Treasury securities; asset | FA763061100 | 449.0 | 8.8 | -90.1 | 194.3 | 477.7 | -62.7 | 81.7 | 280.6 | 79.8 | 12 |
| Foreign banking offices in the U.S.; Treasury securities; asset | FA753061103 | -7.6 | 16.4 | 2.3 | 7.8 | 33.5 | 32.4 | -8.0 | -26.6 | 21.6 | 13 |
| Banks in U.S.-affiliated areas; Treasury securities; asset | FA743061103 | 6.5 | 7.0 | -2.4 | 1.3 | 7.0 | 1.9 | -11.7 | 8.0 | 1.6 | 14 |
| Credit unions; Treasury securities; asset | FA473061105 | 19.8 | 26.1 | -9.9 | -5.8 | -6.1 | -4.1 | -14.6 | 1.5 | -5.2 | 15 |
| Property-casualty insurance companies; Treasury securities, including those held by U.S. residual market reinsurers; asset | FA513061105 | 31.6 | 37.3 | 46.4 | 99.8 | 107.3 | 310.7 | 207.7 | -226.3 | 261.5 | 16 |
| Property-casualty insurance companies; Treasury bills, including those held by U.S. residual market reinsurers; asset | FA513061115 | 2.5 | 13.7 | 28.5 | 88.2 | 109.7 | 287.1 | 196.7 | -240.5 | 35.3 | 17 |
| Property-casualty insurance companies; other Treasury securities, including those held by U.S. residual market reinsurers, excluding Treasury bills; asset | FA513061125 | 29.2 | 23.6 | 17.9 | 11.6 | -2.4 | 23.6 | 11.0 | 14.2 | 226.2 | 18 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -2.6 | -5.2 | -1.0 | 13.0 | 17.9 | 11.6 | 5.4 | 17.1 | -1.4 | 19 |
| Life insurance companies; Treasury bills, including those held by U.S. captive reinsurers; asset | FA543061115 | -6.4 | 7.9 | 1.2 | 3.4 | 1.4 | 1.3 | 7.5 | 3.5 | 6.0 | 20 |
| Life insurance companies; other Treasury securities, including those held by U.S. captive reinsurers, excluding Treasury bills; asset | FA543061125 | 3.8 | -13.2 | -2.1 | 9.6 | 16.5 | 10.3 | -2.1 | 13.6 | -7.4 | 21 |
| Private pension funds; Treasury securities; asset | FA573061105 | 71.3 | -7.1 | 8.6 | 15.8 | 17.1 | 19.0 | 15.7 | 11.6 | 15.5 | 22 |
| Private defined benefit pension funds; Treasury securities; asset | FA573061143 | 36.9 | -23.4 | -6.1 | -6.1 | -3.8 | -4.0 | -8.4 | -8.2 | -7.2 | 23 |
| Private defined contribution pension funds; Treasury securities; asset | FA573061133 | 34.4 | 16.3 | 14.6 | 21.9 | 20.9 | 22.9 | 24.1 | 19.8 | 22.7 | 24 |
| Federal government retirement funds; Treasury securities; asset | FA343061105 | -0.9 | -1.9 | 1.7 | 0.1 | 0.5 | -3.9 | 3.8 | -0.1 | 1.0 | 25 |
| Federal government defined benefit retirement funds; Treasury securities; asset | FA343061165 | -1.2 | -1.5 | 0.6 | -0.2 | 0.1 | -3.9 | 2.8 | 0.1 | -0.3 | 26 |
| Federal government defined contribution retirement funds; Treasury securities held by Thrift Savings Plan F Fund; asset | FA343061113 | 0.3 | -0.4 | 1.1 | 0.3 | 0.4 | 0.0 | 1.0 | -0.2 | 1.3 | 27 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 78.5 | -31.9 | 64.7 | 100.0 | 90.4 | 138.5 | 109.6 | 61.3 | 3.3 | 28 |
| Money market funds; Treasury securities; asset | FA633061105 | -651.3 | -750.7 | 1205.5 | 725.4 | 1085.6 | 247.6 | 578.7 | 989.5 | -551.4 | 29 |
| Money market funds; Treasury bills; asset | FA633061110 | -878.2 | -595.1 | 1264.0 | 562.2 | 972.1 | -66.7 | 648.9 | 694.8 | -887.1 | 30 |
| Money market funds; Other Treasury securities, excluding Treasury bills; asset | FA633061120 | 226.9 | -155.6 | -58.5 | 163.1 | 113.6 | 314.4 | -70.2 | 294.7 | 335.7 | 31 |
| Mutual funds; Treasury securities; asset (market value) | FA653061105 | 345.7 | -33.0 | 2.8 | 135.2 | 131.9 | 85.1 | 120.0 | 203.7 | 7.3 | 32 |
| Mutual funds; Treasury bills; asset | FA653061113 | 2.4 | -44.7 | 0.1 | -1.8 | -9.9 | -1.0 | -3.0 | 6.5 | 0.6 | 33 |
| Mutual funds; other Treasury securities, excluding Treasury bills (includes all Treasury securities before 2010:Q4); asset | FA653061125 | 343.2 | 11.7 | 2.7 | 137.0 | 141.8 | 86.1 | 123.0 | 197.1 | 6.7 | 34 |
| Closed-end funds; Treasury securities; asset | FA553061103 | 0.3 | -0.2 | -0.3 | -0.1 | 0.0 | -0.1 | 0.0 | -0.4 | -0.1 | 35 |
| Exchange-traded funds; Treasury securities; asset | FA563061103 | 66.5 | 115.6 | 98.5 | 72.0 | 33.7 | 92.4 | 108.9 | 53.1 | 147.6 | 36 |
| Government-sponsored enterprises; Treasury securities; asset | FA403061105 | -43.2 | -18.4 | 4.2 | 62.5 | -10.1 | 45.1 | 55.5 | 159.3 | 11.9 | 37 |
| Issuers of asset-backed securities; Treasury securities; asset | FA673061103 | 1.5 | 4.6 | -5.0 | -4.2 | -9.0 | -9.3 | 5.4 | -3.7 | -8.8 | 38 |
| Security brokers and dealers; Treasury securities (net); asset | FA663061105 | -0.6 | 48.4 | 108.0 | 130.2 | 338.0 | -134.7 | 150.5 | 167.1 | 167.6 | 39 |
| Holding companies; Treasury securities; asset | FA733061103 | 34.2 | 56.6 | -4.6 | -0.5 | -29.2 | 3.3 | 16.3 | 7.4 | 19.0 | 40 |
| Other financial business; Treasury securities held by central clearing counterparties; asset | FA503061123 | -1.8 | -2.7 | 19.5 | 23.7 | -17.0 | 28.4 | 48.4 | 35.1 | -10.7 | 41 |
| Rest of the world; Treasury securities; asset | FA263061105 | 605.8 | 392.9 | 611.3 | 568.5 | 561.0 | 415.2 | 951.4 | 346.2 | 1035.0 | 42 |
| Rest of the world; Treasury bills and certificates; asset | FA263061110 | -55.4 | -37.4 | 120.5 | 118.6 | -40.6 | -82.4 | 421.1 | 176.5 | 292.8 | 43 |
| Rest of the world; other Treasury securities, excluding Treasury bills and certificates; asset | FA263061120 | 661.2 | 430.3 | 490.8 | 449.8 | 601.7 | 497.6 | 530.3 | 169.7 | 742.2 | 44 |
| Federal government; total nonmarketable Treasury securities; liability (3) | FA313169205 | 72.5 | 259.4 | 238.5 | 231.7 | 139.5 | 247.0 | 96.0 | 444.4 | -883.0 | 45 |
NOTES
- Marketable Treasury securities (net of premiums and discounts) issued by the federal government and held by sectors other than the federal government.
- Inlcudes long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank.
- Nonmarketable Treasury securities are classified as other loans and advances because they are not negotiable and are therefore not considered debt securities.
Last Update: June 12, 2025