Financial Accounts of the United States - Z.1
L.209 Open market paper
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 liabilities | FL893169175 | 1219.5 | 1218.7 | 1368.0 | 1242.1 | 1218.7 | 1325.8 | 1390.1 | 1355.3 | 1368.0 |
| Line 2 | Commercial paper | FL893169105 | 1219.5 | 1218.7 | 1368.0 | 1242.1 | 1218.7 | 1325.8 | 1390.1 | 1355.3 | 1368.0 |
| Line 3 | Nonfinancial corporate business | FL103169100 | 218.0 | 196.3 | 215.0 | 192.0 | 196.3 | 235.9 | 253.9 | 229.9 | 215.0 |
| Line 4 | Foreign issues in U.S. | FL263169105 | 319.8 | 303.8 | 322.3 | 315.2 | 303.8 | 331.2 | 323.9 | 299.3 | 322.3 |
| Line 5 | Nonfinancial | FL263169110 | 20.9 | 19.8 | 26.5 | 23.0 | 19.8 | 28.1 | 30.4 | 27.8 | 26.5 |
| Line 6 | Financial | FL263169123 | 298.9 | 284.0 | 295.8 | 292.1 | 284.0 | 303.0 | 293.6 | 271.6 | 295.8 |
| Line 7 | Financial business | FL793169100 | 681.8 | 718.5 | 830.6 | 734.9 | 718.5 | 758.8 | 812.3 | 826.1 | 830.6 |
| Line 8 | U.S.-chartered depository institutions | FL763169103 | 188.4 | 176.0 | 187.8 | 191.5 | 176.0 | 188.0 | 212.5 | 202.3 | 187.8 |
| Line 9 | Foreign banking offices in U.S. | FL753169103 | 146.0 | 173.3 | 180.4 | 167.4 | 173.3 | 164.5 | 183.7 | 198.6 | 180.4 |
| Line 10 | ABS issuers | FL673169105 | 129.6 | 166.9 | 232.0 | 163.9 | 166.9 | 176.3 | 180.2 | 193.0 | 232.0 |
| Line 11 | Finance companies | FL613169100 | 76.9 | 67.8 | 57.9 | 57.2 | 67.8 | 59.2 | 65.5 | 58.0 | 57.9 |
| Line 12 | Mortgage REITs | FL643169173 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 13 | Holding companies | FL733169103 | 12.6 | 7.0 | 6.5 | 6.2 | 7.0 | 8.7 | 9.8 | 6.2 | 6.5 |
| Line 14 | Other financial business | FL503169105 | 128.2 | 127.6 | 166.0 | 148.8 | 127.6 | 162.1 | 160.6 | 167.9 | 166.0 |
| Line 15 | Bankers' acceptances1 | FL703169605 | 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 | FL763169603 | 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. | FL753169603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 18 | Total assets | FL893169175 | 1219.5 | 1218.7 | 1368.0 | 1242.1 | 1218.7 | 1325.8 | 1390.1 | 1355.3 | 1368.0 |
| Line 19 | Nonfinancial corporate business | FL103069100 | 209.8 | 206.6 | 215.7 | 221.6 | 206.6 | 214.9 | 207.0 | 215.3 | 215.7 |
| Line 20 | State and local governments | FL213069103 | 264.6 | 264.4 | 296.8 | 269.5 | 264.4 | 287.6 | 301.6 | 294.0 | 296.8 |
| Line 21 | Monetary authority | FL713069603 | 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 | FL763069175 | 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 | FL753069603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 24 | Credit unions | FL473069153 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Line 25 | Property-casualty insurance companies | FL513069105 | 6.4 | 5.5 | 5.3 | 9.3 | 5.5 | 5.7 | 4.6 | 6.1 | 5.3 |
| Line 26 | Life insurance companies | FL543069105 | 30.9 | 36.6 | 24.2 | 36.0 | 36.6 | 35.7 | 30.7 | 27.1 | 24.2 |
| Line 27 | Private pension funds | FL573069105 | 34.9 | 33.2 | 31.5 | 33.7 | 33.2 | 32.8 | 32.4 | 32.0 | 31.5 |
| Line 28 | State and local govt. pension funds | FL223069143 | 11.8 | 12.6 | 14.1 | 10.5 | 12.6 | 11.8 | 12.3 | 13.3 | 14.1 |
| Line 29 | Money market funds | FL633069175 | 301.9 | 299.4 | 319.0 | 293.4 | 299.4 | 323.5 | 312.7 | 314.0 | 319.0 |
| Line 30 | Mutual funds | FL653069100 | 38.5 | 35.4 | 36.9 | 40.5 | 35.4 | 36.5 | 40.7 | 36.6 | 36.9 |
| Line 31 | Government-sponsored enterprises | FL403069105 | 11.6 | 8.7 | 6.1 | 10.4 | 8.7 | 8.5 | 8.1 | 6.5 | 6.1 |
| Line 32 | Brokers and dealers | FL663069105 | 19.6 | 32.0 | 49.0 | 37.7 | 32.0 | 32.8 | 46.4 | 47.9 | 49.0 |
| Line 33 | Other financial business | FL503069105 | 165.8 | 145.5 | 210.1 | 144.2 | 145.5 | 192.8 | 256.5 | 203.0 | 210.1 |
| Line 34 | Rest of the world | LM263069103 | 123.7 | 138.8 | 159.3 | 135.3 | 138.8 | 143.2 | 137.1 | 159.4 | 159.3 |
Note:
- Excludes banks' holdings of own acceptances.
Last Update: 2026-03-19