Financial Accounts of the United States - Z.1
L.209 Open Market Paper
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; open market paper; liability | FL893169175 | 1051.8 | 1203.7 | 1225.8 | 1215.1 | 1237.5 | 1221.3 | 1245.9 | 1215.1 | 1355.3 | 1 |
| All sectors; commercial paper; liability | FL893169105 | 1051.8 | 1203.7 | 1225.8 | 1215.1 | 1237.5 | 1221.3 | 1245.9 | 1215.1 | 1355.3 | 2 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 138.2 | 197.6 | 218.0 | 196.3 | 232.4 | 211.9 | 192.0 | 196.3 | 236.3 | 3 |
| Rest of the world; commercial paper; liability | FL263169105 | 421.7 | 331.8 | 319.8 | 296.4 | 307.2 | 303.9 | 315.2 | 296.4 | 358.4 | 4 |
| Rest of the world; commercial paper issued by nonfinancial firms; liability | FL263169110 | 38.3 | 29.3 | 20.9 | 19.3 | 22.2 | 26.8 | 23.0 | 19.3 | 15.7 | 5 |
| Rest of the world; commercial paper issued by financial firms; liability | FL263169123 | 383.4 | 302.6 | 298.9 | 277.1 | 285.0 | 277.1 | 292.1 | 277.1 | 342.7 | 6 |
| Domestic financial sectors; commercial paper; liability | FL793169100 | 491.8 | 674.3 | 688.1 | 722.4 | 697.9 | 705.4 | 738.7 | 722.4 | 760.6 | 7 |
| U.S.-chartered depository institutions; asset-backed commercial paper; liability | FL763169103 | 120.1 | 186.7 | 191.0 | 177.3 | 187.9 | 186.3 | 192.9 | 177.3 | 188.8 | 8 |
| Foreign banking offices in the U.S.; asset-backed commercial paper; liability | FL753169103 | 53.7 | 106.7 | 148.0 | 174.6 | 153.4 | 159.2 | 168.6 | 174.6 | 165.2 | 9 |
| Issuers of asset-backed securities; commercial paper, excluding U.S.-chartered commercial banks' asset-backed commercial paper; liability | FL673169105 | 131.9 | 187.7 | 131.3 | 168.1 | 134.2 | 141.1 | 165.1 | 168.1 | 177.1 | 10 |
| Finance companies; commercial paper; liability | FL613169100 | 57.4 | 66.3 | 76.9 | 67.8 | 60.9 | 66.7 | 57.2 | 67.8 | 65.7 | 11 |
| Mortgage real estate investment trusts; commercial paper; liability | FL643169173 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| Holding companies; commercial paper; liability | FL733169103 | 8.1 | 9.5 | 12.6 | 7.0 | 11.4 | 9.7 | 6.2 | 7.0 | 8.7 | 13 |
| Other financial business; commercial paper; liability | FL503169105 | 120.6 | 117.4 | 128.2 | 127.6 | 150.2 | 142.4 | 148.8 | 127.6 | 155.2 | 14 |
| Private depository institutions; bankers' acceptances; liability (1) | FL703169605 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 15 |
| U.S.-chartered depository institutions; bankers' acceptances; liability | FL763169603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 16 |
| Foreign banking offices in the U.S.; bankers' acceptances; liability | FL753169603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 17 |
| All sectors; open market paper; liability | FL893169175 | 1051.8 | 1203.7 | 1225.8 | 1215.1 | 1237.5 | 1221.3 | 1245.9 | 1215.1 | 1355.3 | 18 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 256.3 | 216.9 | 209.8 | 205.9 | 218.7 | 235.1 | 220.7 | 205.9 | 217.3 | 19 |
| State and local governments; commercial paper; asset | FL213069103 | 228.2 | 261.1 | 265.9 | 263.6 | 268.5 | 264.9 | 270.3 | 263.6 | 294.0 | 20 |
| Monetary authority; bankers' acceptances; asset | FL713069603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 21 |
| U.S.-chartered depository institutions; open market paper; asset (1) | FL763069175 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 22 |
| Foreign banking offices in the U.S.; bankers' acceptances; asset (1) | FL753069603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 23 |
| Credit unions; commercial paper held by Corporate Credit Unions; asset | FL473069153 | 0.3 | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 24 |
| Property-casualty insurance companies; commercial paper, including those held by U.S. residual market reinsurers; asset | FL513069105 | 4.5 | 4.3 | 6.4 | 5.5 | 7.0 | 9.2 | 9.3 | 5.5 | 5.7 | 25 |
| Life insurance companies; commercial paper; asset | FL543069105 | 41.8 | 25.8 | 30.9 | 36.6 | 31.7 | 32.5 | 35.4 | 36.6 | 38.5 | 26 |
| Private pension funds; total commercial paper; asset | FL573069105 | 41.7 | 34.9 | 31.4 | 27.9 | 30.8 | 30.3 | 29.1 | 27.9 | 26.8 | 27 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 20.5 | 11.2 | 11.6 | 12.2 | 13.8 | 13.5 | 10.6 | 12.2 | 12.3 | 28 |
| Money market funds; open market paper; asset | FL633069175 | 226.2 | 253.8 | 301.9 | 299.4 | 315.5 | 281.4 | 293.4 | 299.4 | 323.5 | 29 |
| Mutual funds; commercial paper; asset | FL653069100 | 39.5 | 39.8 | 39.0 | 34.6 | 40.9 | 37.3 | 39.8 | 34.6 | 33.8 | 30 |
| Government-sponsored enterprises; commercial paper; asset | FL403069105 | 4.7 | 10.2 | 11.6 | 8.7 | 11.2 | 9.7 | 10.4 | 8.7 | 8.5 | 31 |
| Security brokers and dealers; commercial paper (net); asset | FL663069105 | 16.3 | 19.0 | 19.6 | 32.0 | 24.9 | 23.3 | 37.7 | 32.0 | 32.8 | 32 |
| Other financial business; commercial paper; asset | FL503069105 | 33.4 | 135.3 | 174.3 | 149.9 | 156.3 | 158.4 | 153.9 | 149.9 | 218.7 | 33 |
| Rest of the world; commercial paper; asset | LM263069103 | 138.3 | 191.3 | 123.4 | 138.8 | 118.0 | 125.5 | 135.2 | 138.8 | 143.3 | 34 |
NOTES
- Excludes banks' holdings of own acceptances.
Last Update: June 12, 2025