Financial Accounts of the United States - Z.1
F.127 Issuers of asset-backed securities (ABS)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving | FA676330023 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 2 | Fixed nonresidential investment | FA675013025 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 3 | Net acquisition of financial assets | FA674090005 | 40.5 | 129.3 | 194.0 | 225.2 | 131.6 | 209.3 | 179.0 | 297.4 | 90.2 |
| Line 4 | Debt securities | FA674022005 | -5.0 | -5.2 | -7.1 | -3.8 | 1.3 | -14.7 | -8.8 | -5.3 | 0.5 |
| Line 5 | Treasury securities | FA673061103 | -5.0 | -5.2 | -7.1 | -3.8 | 1.3 | -14.7 | -8.8 | -5.3 | 0.5 |
| Line 6 | Agency- and GSE-backed securities1 | FA673061703 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 7 | Loans | FA674023005 | 29.4 | 99.4 | 133.5 | 184.6 | 94.5 | 166.3 | 91.0 | 217.2 | 59.6 |
| Line 8 | Other loans and advances | FA673069005 | -9.8 | 30.0 | 26.1 | 64.9 | 41.2 | 39.9 | -6.9 | 46.3 | 25.1 |
| Line 9 | Mortgages2 | FA673065005 | 25.9 | 70.0 | 107.3 | 118.3 | 52.4 | 134.8 | 88.3 | 173.2 | 33.0 |
| Line 10 | One-to-four-family residential | FA673065105 | 11.6 | 45.3 | 48.5 | 41.0 | 57.6 | 52.1 | 49.0 | 55.1 | 37.9 |
| Line 11 | Multifamily residential | FA673065405 | 7.4 | 4.0 | 3.0 | 8.5 | 5.1 | 6.8 | -4.8 | -0.0 | 10.2 |
| Line 12 | Commercial | FA673065505 | 6.9 | 20.7 | 55.7 | 68.9 | -10.3 | 75.9 | 44.1 | 118.1 | -15.1 |
| Line 13 | Consumer credit | FA673066000 | 13.3 | -0.6 | 0.1 | 1.4 | 1.0 | -8.3 | 9.6 | -2.3 | 1.5 |
| Line 14 | Trade credit | FA673070003 | 3.8 | 4.1 | 8.2 | 0.9 | 8.8 | 5.3 | 12.6 | 0.8 | 14.2 |
| Line 15 | Miscellaneous assets (funding agreements)3 | FA673090543 | 12.3 | 30.9 | 59.3 | 43.6 | 26.9 | 52.4 | 84.2 | 84.7 | 15.9 |
| Line 16 | Net increase in liabilities | FA674190005 | 40.5 | 129.3 | 194.0 | 225.2 | 131.6 | 209.3 | 179.0 | 297.4 | 90.2 |
| Line 17 | Security repurchase agreements | FA672151003 | 3.0 | 6.5 | 9.0 | 16.0 | 2.0 | 1.2 | 22.8 | 12.0 | 0.0 |
| Debt securities | FA674122005 | 37.5 | 122.8 | 185.0 | 209.2 | 129.6 | 208.1 | 156.2 | 285.4 | 90.2 | |
| Line 18 | Commercial paper | FA673169105 | -58.1 | 37.3 | 65.1 | 108.3 | 47.7 | 39.9 | -38.4 | 61.1 | 197.9 |
| Line 19 | Corporate bonds (net)4 | FA673163005 | 95.6 | 85.5 | 119.9 | 101.0 | 81.9 | 168.2 | 194.6 | 224.3 | -107.7 |
| Line 20 | Discrepancy | FA677005005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Memo: Securitized assets not included above | |||||||||||
| Line 21 | Consumer leases5 | FA675013263 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 22 | Mortgage REIT assets6 | FA643065045 | -7.3 | 0.9 | 16.3 | 15.7 | -7.7 | -1.4 | 7.3 | 23.4 | 36.0 |
Notes:
- Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.
- Mortgages backing privately issued pool securities and privately issued CMOs.
- Funding agreements with life insurance companies.
- Net issuance less net acquisition of corporate bonds held as assets.
- Receivables from operating leases, such as consumer automobile leases, are recorded as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a nonfinancial asset; depreciation is included in line 1, and fixed investment is included in line 2.
- Included in table F.129.
Last Update: 2026-03-19