Financial Accounts of the United States - Z.1
L.127 Issuers of asset-backed securities (ABS)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets | FL674090005 | 1514.0 | 1642.0 | 1834.5 | 1602.9 | 1642.0 | 1687.4 | 1732.0 | 1805.2 | 1834.5 |
| Line 2 | Debt securities | FL674022005 | 31.4 | 26.2 | 19.2 | 25.9 | 26.2 | 22.6 | 20.4 | 19.0 | 19.2 |
| Line 3 | Treasury securities | FL673061103 | 31.4 | 26.2 | 19.2 | 25.9 | 26.2 | 22.6 | 20.4 | 19.0 | 19.2 |
| Line 4 | Agency- and GSE-backed securities1 | FL673061703 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 5 | Loans | FL674023005 | 1246.6 | 1344.7 | 1476.8 | 1314.9 | 1344.7 | 1379.4 | 1402.0 | 1455.1 | 1476.8 |
| Line 6 | Other loans and advances2 | FL673069005 | 305.6 | 335.5 | 361.6 | 325.3 | 335.5 | 345.5 | 343.8 | 355.4 | 361.6 |
| Line 7 | Mortgages3 | FL673065005 | 924.8 | 993.5 | 1099.3 | 973.6 | 993.5 | 1019.5 | 1042.3 | 1083.9 | 1099.3 |
| Line 8 | One-to-four-family residential | FL673065105 | 434.5 | 478.5 | 525.5 | 464.4 | 478.5 | 491.1 | 503.0 | 516.4 | 525.5 |
| Line 9 | Multifamily residential | FL673065405 | 66.2 | 70.2 | 73.3 | 68.9 | 70.2 | 71.9 | 70.7 | 70.7 | 73.3 |
| Line 10 | Commercial | FL673065505 | 424.1 | 444.8 | 500.6 | 440.3 | 444.8 | 456.4 | 468.6 | 496.7 | 500.6 |
| Line 11 | Consumer credit | FL673066000 | 16.3 | 15.7 | 15.8 | 16.0 | 15.7 | 14.4 | 15.9 | 15.9 | 15.8 |
| Line 12 | Trade credit | FL673070003 | 45.7 | 49.9 | 58.1 | 47.7 | 49.9 | 51.2 | 54.3 | 54.5 | 58.1 |
| Line 13 | Miscellaneous assets (funding agreements)4 | FL673090543 | 190.3 | 221.2 | 280.5 | 214.4 | 221.2 | 234.2 | 255.3 | 276.5 | 280.5 |
| Line 14 | Total liabilities | FL674190005 | 1514.0 | 1642.0 | 1834.5 | 1602.9 | 1642.0 | 1687.4 | 1732.0 | 1805.2 | 1834.5 |
| Line 15 | Security repurchase agreements | FL672151003 | 6.0 | 12.5 | 21.5 | 12.0 | 12.5 | 12.8 | 18.5 | 21.5 | 21.5 |
| Line 16 | Debt securities | FL674122005 | 1508.0 | 1629.5 | 1813.0 | 1590.9 | 1629.5 | 1674.6 | 1713.5 | 1783.7 | 1813.0 |
| Line 17 | Commercial paper | FL673169105 | 129.6 | 166.9 | 232.0 | 163.9 | 166.9 | 176.3 | 180.2 | 193.0 | 232.0 |
| Line 18 | Corporate bonds (net)5 | FL673163005 | 1378.4 | 1462.6 | 1581.0 | 1426.9 | 1462.6 | 1498.3 | 1533.3 | 1590.6 | 1581.0 |
| Memo: Securitized assets not included above | |||||||||||
| Line 19 | Consumer leases6 | FL675013263 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 20 | Mortgage REIT assets7 | FL643065045 | 153.1 | 154.0 | 170.3 | 155.9 | 154.0 | 153.6 | 155.5 | 161.3 | 170.3 |
| Memo: Securitized liabilities not included above | |||||||||||
| Line 21 | Commercial paper8 | FL763169103 | 188.4 | 176.0 | 187.8 | 191.5 | 176.0 | 188.0 | 212.5 | 202.3 | 187.8 |
Notes:
- Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.
- Includes loans backing domestically-issued collateralized loan obligation (CLO) securities; loans backing U.S. CLO securities issued outside the U.S. are shown in line 15 of table L.133.
- Mortgages backing privately issued pool securities and privately issued CMOs.
- Funding agreements with life insurance companies.
- Liabilities net of 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.
- Included on table L.129.
- Included on table L.111 line 47.
Last Update: 2026-03-19