Financial Accounts of the United States - Z.1
F.209 Open market paper
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 | Net issues | FA893169175 | 15.8 | -8.2 | 148.6 | 83.6 | -105.4 | 335.0 | 273.2 | -41.8 | 27.7 |
| Line 2 | Commercial paper | FA893169105 | 15.8 | -8.2 | 148.6 | 83.6 | -105.4 | 335.0 | 273.2 | -41.8 | 27.7 |
| Line 3 | Nonfinancial corporate business | FA103169100 | 20.4 | -21.6 | 18.7 | -166.3 | 15.6 | 115.6 | 160.4 | -107.9 | -93.3 |
| Line 4 | Foreign issues in U.S. | FA263169105 | -12.1 | -23.3 | 17.8 | 37.1 | -82.3 | 113.2 | -44.4 | -71.7 | 74.0 |
| Line 5 | Nonfinancial | FA263169110 | -8.4 | -1.6 | 2.4 | -22.9 | -22.4 | 35.7 | -6.6 | 16.4 | -35.8 |
| Line 6 | Financial | FA263169123 | -3.7 | -21.7 | 15.4 | 60.0 | -59.9 | 77.5 | -37.8 | -88.1 | 109.7 |
| Line 7 | Domestic financial sectors | FA793169100 | 7.5 | 36.7 | 112.1 | 212.8 | -38.7 | 106.2 | 157.2 | 137.9 | 47.1 |
| Line 8 | U.S.-chartered depository institutions | FA763169103 | 1.7 | -12.4 | 11.8 | 26.6 | -62.1 | 48.0 | 98.2 | -40.8 | -58.1 |
| Line 9 | Foreign banking offices in U.S. | FA753169103 | 39.3 | 27.3 | 7.1 | 37.5 | 23.8 | -35.3 | 76.7 | 59.8 | -72.8 |
| Line 10 | ABS issuers | FA673169105 | -58.1 | 37.3 | 65.1 | 108.3 | 47.7 | 39.9 | -38.4 | 61.1 | 197.9 |
| Line 11 | Finance companies | FA613169100 | 10.7 | -9.1 | -9.8 | -20.3 | 25.9 | -37.6 | 26.8 | -10.7 | -18.0 |
| Line 12 | Mortgage REITs | FA643169173 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 13 | Holding companies | FA733169103 | 3.1 | -5.6 | -0.5 | -14.2 | 3.4 | 6.7 | 4.5 | -14.3 | 1.1 |
| Line 14 | Other financial business | FA503169105 | 10.8 | -0.6 | 38.4 | 74.9 | -77.4 | 84.4 | -10.6 | 82.8 | -3.1 |
| Line 15 | Bankers' acceptances1 | FA703169605 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 16 | U.S.-chartered depository institutions | FA763169603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 17 | Foreign banking offices in U.S. | FA753169603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 18 | Net purchases | FA893169175 | 15.8 | -8.2 | 148.6 | 83.6 | -105.4 | 335.0 | 273.2 | -41.8 | 27.7 |
| Line 19 | Nonfinancial corporate business | FA103069100 | -7.0 | -3.3 | 9.1 | -46.3 | -71.3 | 63.0 | -46.2 | 30.5 | -10.7 |
| Line 20 | State and local governments | FA213069103 | 3.4 | -0.2 | 32.4 | 21.4 | -20.3 | 92.9 | 55.8 | -30.2 | 11.0 |
| Line 21 | Monetary authority | FA713069603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 22 | U.S.-chartered depository institutions1 | FA763069175 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 23 | Foreign banking offices in U.S.1 | FA753069603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 24 | Credit unions | FA473069153 | -0.1 | 0.1 | -0.0 | 0.2 | -0.3 | 0.0 | 0.2 | -0.2 | -0.1 |
| Line 25 | Property-casualty insurance companies | FA513069105 | 2.1 | -1.0 | -0.1 | 0.2 | -15.4 | 1.0 | -4.6 | 6.2 | -3.1 |
| Line 26 | Life insurance companies | FA543069105 | 5.2 | 5.7 | -12.4 | 18.0 | 7.6 | -8.9 | -27.4 | -7.0 | -6.3 |
| Line 27 | Private pension funds | FA573069105 | -0.0 | -1.6 | -1.7 | -1.6 | -1.7 | -1.6 | -1.7 | -1.6 | -1.8 |
| Line 28 | State and local govt. pension funds | FA223069143 | 0.6 | 0.8 | 1.6 | -12.8 | 8.2 | -3.1 | 2.0 | 4.0 | 3.3 |
| Line 29 | Money market funds | FA633069175 | 48.0 | -2.4 | 19.6 | 61.9 | 111.1 | 30.6 | -76.7 | 19.1 | 105.3 |
| Line 30 | Mutual funds | FA653069100 | -1.1 | -3.1 | 1.5 | 31.6 | -35.0 | 6.0 | 7.6 | 8.5 | -16.2 |
| Line 31 | Government-sponsored enterprises | FA403069105 | 1.4 | -2.8 | -2.7 | 2.8 | -6.7 | -1.1 | -1.5 | -6.4 | -1.7 |
| Line 32 | Brokers and dealers | FA663069105 | 0.6 | 12.4 | 16.9 | 57.8 | -22.9 | 3.0 | 54.5 | 6.1 | 4.1 |
| Line 33 | Other financial business | FA503069105 | -61.6 | -29.6 | 61.8 | -83.9 | -76.5 | 137.5 | 326.1 | -160.9 | -55.6 |
| Line 34 | Rest of the world | FA263069103 | 24.3 | 16.9 | 22.6 | 34.3 | 18.0 | 15.9 | -14.8 | 90.2 | -0.7 |
Note:
- Excludes banks' holdings of own acceptances.
Last Update: 2026-03-19