Financial Accounts of the United States - Z.1
L.213 Corporate and Foreign Bonds
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; corporate and foreign bonds; liability | FL893163005 | 15416.7 | 15110.7 | 15603.2 | 16023.3 | 15899.7 | 15945.8 | 16165.9 | 16023.3 | 16323.2 | 1 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 7174.2 | 7192.6 | 7399.5 | 7672.2 | 7509.8 | 7579.3 | 7698.0 | 7672.2 | 7783.3 | 2 |
| Domestic financial sectors; corporate and foreign bonds; liability | FL793163005 | 4433.4 | 4521.8 | 4711.4 | 4918.8 | 4851.1 | 4779.5 | 4951.1 | 4918.8 | 5051.2 | 3 |
| U.S.-chartered depository institutions; corporate and foreign bonds; liability | FL763163005 | 191.7 | 259.9 | 257.1 | 240.9 | 253.6 | 249.8 | 257.5 | 240.9 | 252.6 | 4 |
| Issuers of asset-backed securities; corporate and foreign bonds; liability (1) | FL673163005 | 1258.5 | 1284.0 | 1382.8 | 1452.9 | 1404.9 | 1407.3 | 1413.3 | 1452.9 | 1476.7 | 5 |
| Finance companies; corporate and foreign bonds; liability | FL613163005 | 1028.0 | 996.1 | 1078.7 | 1152.7 | 1108.8 | 1131.1 | 1159.9 | 1152.7 | 1154.1 | 6 |
| Mortgage real estate investment trusts; corporate and foreign bonds, excluding FHLB advances; liability | FL643163075 | 200.7 | 213.4 | 212.9 | 209.9 | 211.7 | 206.8 | 209.1 | 209.9 | 211.2 | 7 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 217.7 | 236.1 | 236.2 | 327.3 | 251.0 | 259.1 | 327.2 | 327.3 | 358.3 | 8 |
| Holding companies; corporate and foreign bonds; liability | FL733163005 | 1536.8 | 1532.2 | 1543.6 | 1535.1 | 1621.1 | 1525.5 | 1584.1 | 1535.1 | 1598.3 | 9 |
| Other financial business; corporate and foreign bonds where the proceeds are down-streamed to broker-dealer subsidiaries by investment banks that are holding-company parents; liability | FL503163003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| Rest of the world; bonds; liability (2) | LM263163005 | 3809.0 | 3396.2 | 3492.3 | 3432.3 | 3538.8 | 3587.0 | 3516.9 | 3432.3 | 3488.7 | 11 |
| All sectors; corporate and foreign bonds; asset (3) | FL893063005 | 15736.1 | 13573.4 | 14520.6 | 15343.3 | 14849.4 | 14935.5 | 15753.0 | 15343.3 | 15866.2 | 12 |
| Households and nonprofit organizations; corporate and foreign bonds; asset | LM153063005 | 225.6 | 222.7 | 232.7 | 238.8 | 233.8 | 235.0 | 239.5 | 238.8 | 241.5 | 13 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 19.8 | 18.5 | 16.8 | 13.4 | 16.4 | 13.9 | 13.4 | 13.4 | 13.7 | 14 |
| Federal government; corporate and foreign bonds; asset | FL313063005 | 6.7 | 4.9 | 4.4 | 7.0 | 4.0 | 4.1 | 3.7 | 7.0 | 7.4 | 15 |
| State and local governments; corporate and foreign bonds; asset | LM213063003 | 292.5 | 282.7 | 306.0 | 321.2 | 301.6 | 309.5 | 326.7 | 321.2 | 328.2 | 16 |
| Federal government; other U.S. reserves, foreign securities; asset | FL713011525 | 6.2 | 4.4 | 3.9 | 6.5 | 3.6 | 3.6 | 3.2 | 6.5 | 6.9 | 17 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds; asset | LM763063005 | 710.6 | 778.7 | 718.3 | 676.9 | 758.3 | 737.0 | 757.5 | 676.9 | 758.6 | 18 |
| U.S.-chartered depository institutions; private MBS and CMOs; asset | LM763063605 | 118.8 | 121.1 | 115.6 | 107.4 | 113.3 | 107.9 | 110.4 | 107.4 | 106.1 | 19 |
| U.S.-chartered depository institutions, including IBFs; corporate and foreign bonds, excluding private MBS and CMOs; asset | LM763063095 | 591.8 | 657.6 | 602.7 | 569.5 | 645.0 | 629.1 | 647.1 | 569.5 | 652.5 | 20 |
| Foreign banking offices in the U.S., including IBFs; corporate and foreign bonds; asset | LM753063005 | 145.6 | 160.1 | 135.0 | 148.9 | 140.4 | 139.5 | 136.8 | 148.9 | 135.4 | 21 |
| Banks in U.S.-affiliated areas; corporate and foreign bonds; asset | LM743063005 | 11.3 | 11.1 | 35.9 | 41.6 | 35.7 | 38.1 | 40.5 | 41.6 | 42.6 | 22 |
| Credit unions; corporate and foreign bonds; asset | LM473063005 | 20.6 | 19.5 | 19.2 | 23.7 | 21.5 | 22.5 | 23.5 | 23.7 | 25.4 | 23 |
| Credit unions; mortgage-backed securities and other asset-backed bonds; asset | LM473063605 | 19.7 | 18.7 | 18.7 | 23.4 | 21.1 | 22.2 | 23.1 | 23.4 | 25.1 | 24 |
| Credit unions; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM473063095 | 0.8 | 0.8 | 0.5 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 25 |
| Property-casualty insurance companies; corporate and foreign bonds, including those held by U.S. residual market reinsurers; asset | LM513063005 | 702.4 | 649.2 | 712.3 | 783.5 | 734.0 | 744.7 | 803.6 | 783.5 | 813.2 | 26 |
| Property-casualty insurance companies; mortgage-backed securities and other asset-backed bonds, including those held by U.S. residual market reinsurers; asset | LM513063605 | 152.4 | 128.1 | 141.8 | 160.5 | 148.1 | 152.1 | 166.2 | 160.5 | 166.8 | 27 |
| Property-casualty insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM513063095 | 550.1 | 521.1 | 570.6 | 622.9 | 585.8 | 592.6 | 637.4 | 622.9 | 646.4 | 28 |
| Life insurance companies; corporate and foreign bonds; asset | LM543063005 | 3729.0 | 3232.7 | 3344.5 | 3530.9 | 3383.0 | 3400.3 | 3618.3 | 3530.9 | 3619.2 | 29 |
| Life insurance companies, general accounts; mortgage-backed securities and other asset-backed bonds, including those held by U.S. captive reinsurers; asset | LM543063675 | 632.9 | 657.4 | 701.3 | 796.0 | 739.1 | 772.3 | 851.2 | 796.0 | 817.1 | 30 |
| Life insurance companies; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM543063095 | 3096.1 | 2575.3 | 2643.2 | 2734.9 | 2643.9 | 2628.0 | 2767.1 | 2734.9 | 2802.1 | 31 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 1012.2 | 805.4 | 848.2 | 852.0 | 845.4 | 842.7 | 885.6 | 852.0 | 866.9 | 32 |
| Federal government retirement funds; corporate and foreign bonds; asset | LM343063005 | 15.0 | 12.3 | 13.3 | 13.8 | 13.4 | 13.3 | 14.4 | 13.8 | 14.1 | 33 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 561.7 | 531.2 | 528.5 | 591.1 | 534.5 | 561.5 | 604.0 | 591.1 | 628.0 | 34 |
| Money market funds; corporate and foreign bonds; asset | FL633063005 | 7.2 | 6.4 | 5.7 | 7.5 | 6.0 | 6.6 | 9.3 | 7.5 | 7.7 | 35 |
| Mutual funds; corporate and foreign bonds; asset (market value) | LM653063005 | 2733.7 | 2129.2 | 2195.4 | 2331.5 | 2280.9 | 2275.9 | 2397.0 | 2331.5 | 2388.9 | 36 |
| Closed-end funds; corporate and foreign bonds; asset | LM553063003 | 85.4 | 69.2 | 71.4 | 73.6 | 73.5 | 73.2 | 75.1 | 73.6 | 74.2 | 37 |
| Exchange-traded funds; corporate and foreign bonds; asset | LM563063003 | 800.0 | 753.6 | 868.6 | 1062.9 | 904.9 | 940.8 | 1038.7 | 1062.9 | 1136.4 | 38 |
| Government-sponsored enterprises; corporate and foreign bonds; asset | LM403063005 | 12.3 | 12.6 | 14.8 | 14.3 | 15.0 | 14.5 | 14.6 | 14.3 | 14.8 | 39 |
| Government-sponsored enterprises; mortgage-backed securities and other asset-backed bonds; asset | LM403063605 | 9.3 | 10.1 | 12.7 | 12.7 | 13.0 | 12.6 | 12.8 | 12.7 | 13.2 | 40 |
| Government-sponsored enterprises; corporate and foreign bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM403063095 | 3.0 | 2.5 | 2.1 | 1.7 | 2.0 | 1.9 | 1.7 | 1.7 | 1.6 | 41 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 68.3 | 52.0 | 28.3 | 21.0 | 29.1 | 37.2 | 23.5 | 21.0 | 21.1 | 42 |
| Mortgage real estate investment trusts; corporate and foreign bonds; asset | LM643063073 | 11.9 | 9.9 | 10.9 | 11.9 | 11.1 | 11.5 | 11.7 | 11.9 | 13.7 | 43 |
| Security brokers and dealers; corporate and foreign bonds (net); asset | LM663063005 | 56.5 | 52.5 | 67.9 | 65.5 | 78.1 | 80.9 | 68.5 | 65.5 | 69.6 | 44 |
| Holding companies; corporate and foreign bonds; asset | LM733063003 | 29.2 | 28.9 | 32.0 | 28.6 | 29.3 | 31.3 | 26.6 | 28.6 | 26.9 | 45 |
| Other financial business; corporate and foreign bonds, including financial stabilization programs; asset | FL503063005 | 70.9 | 69.6 | 70.0 | 74.5 | 76.5 | 76.6 | 83.0 | 74.5 | 81.7 | 46 |
| Rest of the world; corporate bonds; asset (4) | LM263063005 | 4401.6 | 3656.3 | 4237.1 | 4402.6 | 4319.5 | 4321.2 | 4534.4 | 4402.6 | 4530.0 | 47 |
| Rest of the world; U.S. mortgage-backed securities and other U.S. asset-backed bonds; asset | LM263063603 | 355.6 | 344.3 | 391.7 | 415.1 | 402.6 | 398.4 | 412.5 | 415.1 | 422.6 | 48 |
| Rest of the world: U.S. corporate bonds, excluding mortgage-backed securities and other asset-backed bonds; asset | LM263063095 | 4046.0 | 3311.9 | 3845.4 | 3987.5 | 3916.9 | 3922.8 | 4121.9 | 3987.5 | 4107.4 | 49 |
| Instrument discrepancies; corporate and foreign bonds (level) (5) | LM903063003 | -319.5 | 1537.3 | 1082.6 | 679.9 | 1050.3 | 1010.3 | 412.9 | 679.9 | 457.0 | 50 |
NOTES
- Liabilities net of assets.
- Holdings of foreign issues by U.S. residents.
- For some sectors, holdings of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately issued asset-backed bonds.
- Holdings of U.S. issues by foreign residents.
- The accumulated valuation difference between issuance and holdings.
Last Update: June 12, 2025