Annual

F.208 Debt Securities

The Financial Accounts (formerly known as the Flow of Funds accounts) are a set of financial accounts used to track the sources and uses of funds by sector. They are a component of a system of macroeconomic accounts including the National Income and Product accounts (NIPA) and balance of payments accounts, all of which serve as a comprehensive set of information on the economy’s performance.(1) Some important inferences that can be drawn from the Financial accounts are the financial strength of a given sector, new economic trends, changes in the composition of wealth, and development of new financial instruments over time.(1)
Sectors are compiled into three categories: households, nonfinancial businesses, and banks. The sources of funds for a sector are its internal funds (savings from income after consumption) and external funds (loans from banks and other financial intermediaries). (1) Funds for a given sector are used for its investments in physical and financial assets. Dividing sources and uses of funds into two categories helps the staff of the Federal Reserve System pay particular attention to external sources of funds and financial uses of funds.(2) One example is whether households are borrowing more from banks—or in other words, whether household debt is rising. Another example might be whether banks are using more of their funds to provide loans to consumers. Transactions within a sector are not shown in the accounts; however, transactions between sectors are.(2) Monitoring the external flows of funds provides insights into a sector’s health and the performance of the economy as a whole.
Data for the Financial accounts are compiled from a large number of reports and publications, including regulatory reports such as those submitted by banks, tax filings, and surveys conducted by the Federal Reserve System.(2) The Financial accounts are published quarterly as a set of tables in the Federal Reserve’s Z.1 statistical release.
(1) Teplin, Albert M. “The U.S. Flow of Funds Accounts and Their Uses.” Federal Reserve Bulletin, July 2001; http://www.federalreserve.gov/pubs/bulletin/2001/0701lead.pdf.
(2) Board of Governors of the Federal Reserve System. “Guide to the Flow of Funds Accounts.” 2000, http://www.federalreserve.gov/apps/fof/.

For questions on the data, please contact the data source: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/z1/%
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    1946    
 
 
    2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
By instrument
line 1
Net issues 		2025 3,198,292 Millions of U.S. Dollars 3,053,067 Millions of U.S. Dollars 3,053,067 Millions of U.S. Dollars Mil. of U.S. $
line 2
Open market paper 		2025 148,557 Millions of U.S. Dollars -8,202 Millions of U.S. Dollars -8,202 Millions of U.S. Dollars Mil. of U.S. $
line 3
Treasury securities 		2025 1,930,171 Millions of U.S. Dollars 1,912,901 Millions of U.S. Dollars 1,912,901 Millions of U.S. Dollars Mil. of U.S. $
line 4
Agency- and GSE-backed securities 		2025 258,202 Millions of U.S. Dollars 298,602 Millions of U.S. Dollars 298,602 Millions of U.S. Dollars Mil. of U.S. $
line 5
Municipal securities 		2025 188,791 Millions of U.S. Dollars 119,924 Millions of U.S. Dollars 119,924 Millions of U.S. Dollars Mil. of U.S. $
line 6
Corporate and foreign bonds 		2025 672,571 Millions of U.S. Dollars 729,842 Millions of U.S. Dollars 729,842 Millions of U.S. Dollars Mil. of U.S. $
By sector
line 7
Net issues 		2025 3,198,292 Millions of U.S. Dollars 3,053,067 Millions of U.S. Dollars 3,053,067 Millions of U.S. Dollars Mil. of U.S. $
line 8
Domestic nonfinancial sectors 		2025 2,377,406 Millions of U.S. Dollars 2,286,249 Millions of U.S. Dollars 2,286,249 Millions of U.S. Dollars Mil. of U.S. $
line 9
Nonprofit organizations 		2025 16,196 Millions of U.S. Dollars 8,406 Millions of U.S. Dollars 8,406 Millions of U.S. Dollars Mil. of U.S. $
line 10
Nonfinancial corporate business 		2025 272,286 Millions of U.S. Dollars 266,202 Millions of U.S. Dollars 266,202 Millions of U.S. Dollars Mil. of U.S. $
line 11
Federal government 		2025 1,931,610 Millions of U.S. Dollars 1,913,179 Millions of U.S. Dollars 1,913,179 Millions of U.S. Dollars Mil. of U.S. $
line 12
State and local governments 		2025 157,314 Millions of U.S. Dollars 98,462 Millions of U.S. Dollars 98,462 Millions of U.S. Dollars Mil. of U.S. $
line 13
Domestic financial sectors 		2025 645,120 Millions of U.S. Dollars 563,940 Millions of U.S. Dollars 563,940 Millions of U.S. Dollars Mil. of U.S. $
line 14
U.S.-chartered depository institutions 		2025 16,370 Millions of U.S. Dollars -27,413 Millions of U.S. Dollars -27,413 Millions of U.S. Dollars Mil. of U.S. $
line 15
Foreign banking offices in U.S. 		2025 7,097 Millions of U.S. Dollars 27,279 Millions of U.S. Dollars 27,279 Millions of U.S. Dollars Mil. of U.S. $
line 16
Government-sponsored enterprises 		2025 91,472 Millions of U.S. Dollars 124,418 Millions of U.S. Dollars 124,418 Millions of U.S. Dollars Mil. of U.S. $
line 17
Agency- and GSE-backed mortgage pools 		2025 165,291 Millions of U.S. Dollars 173,906 Millions of U.S. Dollars 173,906 Millions of U.S. Dollars Mil. of U.S. $
line 18
ABS issuers 		2025 184,991 Millions of U.S. Dollars 122,766 Millions of U.S. Dollars 122,766 Millions of U.S. Dollars Mil. of U.S. $
line 19
Finance companies 		2025 -6,282 Millions of U.S. Dollars 64,885 Millions of U.S. Dollars 64,885 Millions of U.S. Dollars Mil. of U.S. $
line 20
REITs 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 21
Brokers and dealers 		2025 35,023 Millions of U.S. Dollars 91,092 Millions of U.S. Dollars 91,092 Millions of U.S. Dollars Mil. of U.S. $
line 22
Holding companies 		2025 85,690 Millions of U.S. Dollars -14,188 Millions of U.S. Dollars -14,188 Millions of U.S. Dollars Mil. of U.S. $
line 23
Funding corporations 		2025 38,380 Millions of U.S. Dollars -603 Millions of U.S. Dollars -603 Millions of U.S. Dollars Mil. of U.S. $
line 24
Rest of the world 		2025 175,766 Millions of U.S. Dollars 202,878 Millions of U.S. Dollars 202,878 Millions of U.S. Dollars Mil. of U.S. $
line 25
Net purchases 		2025 3,198,292 Millions of U.S. Dollars 3,053,067 Millions of U.S. Dollars 3,053,067 Millions of U.S. Dollars Mil. of U.S. $
line 26
Domestic nonfinancial sectors 		2025 -181,782 Millions of U.S. Dollars 167,181 Millions of U.S. Dollars 167,181 Millions of U.S. Dollars Mil. of U.S. $
line 27
Household sector 		2025 -281,011 Millions of U.S. Dollars 46,695 Millions of U.S. Dollars 46,695 Millions of U.S. Dollars Mil. of U.S. $
line 28
Nonfinancial corporate business 		2025 23,764 Millions of U.S. Dollars 11,085 Millions of U.S. Dollars 11,085 Millions of U.S. Dollars Mil. of U.S. $
line 29
Nonfinancial noncorporate business 		2025 -651 Millions of U.S. Dollars 3,160 Millions of U.S. Dollars 3,160 Millions of U.S. Dollars Mil. of U.S. $
line 30
Federal government 		2025 178 Millions of U.S. Dollars -52 Millions of U.S. Dollars -52 Millions of U.S. Dollars Mil. of U.S. $
line 31
State and local governments 		2025 75,938 Millions of U.S. Dollars 106,293 Millions of U.S. Dollars 106,293 Millions of U.S. Dollars Mil. of U.S. $
line 32
Domestic financial sectors 		2025 2,419,644 Millions of U.S. Dollars 1,871,701 Millions of U.S. Dollars 1,871,701 Millions of U.S. Dollars Mil. of U.S. $
line 33
Monetary authority 		2025 -282,006 Millions of U.S. Dollars -719,581 Millions of U.S. Dollars -719,581 Millions of U.S. Dollars Mil. of U.S. $
line 34
U.S.-chartered depository institutions 		2025 130,973 Millions of U.S. Dollars 99,485 Millions of U.S. Dollars 99,485 Millions of U.S. Dollars Mil. of U.S. $
line 35
Foreign banking offices in U.S. 		2025 24,709 Millions of U.S. Dollars 29,007 Millions of U.S. Dollars 29,007 Millions of U.S. Dollars Mil. of U.S. $
line 36
Banks in U.S.-affiliated areas 		2025 -6,144 Millions of U.S. Dollars 6,490 Millions of U.S. Dollars 6,490 Millions of U.S. Dollars Mil. of U.S. $
line 37
Credit unions 		2025 9,936 Millions of U.S. Dollars -8,168 Millions of U.S. Dollars -8,168 Millions of U.S. Dollars Mil. of U.S. $
line 38
Property-casualty insurance companies 		2025 162,891 Millions of U.S. Dollars 200,076 Millions of U.S. Dollars 200,076 Millions of U.S. Dollars Mil. of U.S. $
line 39
Life insurance companies 		2025 292,567 Millions of U.S. Dollars 229,309 Millions of U.S. Dollars 229,309 Millions of U.S. Dollars Mil. of U.S. $
line 40
Private pension funds 		2025 107,914 Millions of U.S. Dollars 76,253 Millions of U.S. Dollars 76,253 Millions of U.S. Dollars Mil. of U.S. $
line 41
Federal government retirement funds 		2025 2,099 Millions of U.S. Dollars 1,770 Millions of U.S. Dollars 1,770 Millions of U.S. Dollars Mil. of U.S. $
line 42
State and local govt. retirement funds 		2025 103,225 Millions of U.S. Dollars 152,756 Millions of U.S. Dollars 152,756 Millions of U.S. Dollars Mil. of U.S. $
line 43
Money market funds 		2025 694,752 Millions of U.S. Dollars 911,629 Millions of U.S. Dollars 911,629 Millions of U.S. Dollars Mil. of U.S. $
line 44
Mutual funds 		2025 314,918 Millions of U.S. Dollars 361,065 Millions of U.S. Dollars 361,065 Millions of U.S. Dollars Mil. of U.S. $
line 45
Closed-end funds 		2025 667 Millions of U.S. Dollars -1,325 Millions of U.S. Dollars -1,325 Millions of U.S. Dollars Mil. of U.S. $
line 46
Exchange-traded funds 		2025 437,667 Millions of U.S. Dollars 294,765 Millions of U.S. Dollars 294,765 Millions of U.S. Dollars Mil. of U.S. $
line 47
Government-sponsored enterprises 		2025 54,556 Millions of U.S. Dollars 61,491 Millions of U.S. Dollars 61,491 Millions of U.S. Dollars Mil. of U.S. $
line 48
ABS issuers 		2025 -7,063 Millions of U.S. Dollars -5,201 Millions of U.S. Dollars -5,201 Millions of U.S. Dollars Mil. of U.S. $
line 49
Finance companies 		2025 -562 Millions of U.S. Dollars -7,580 Millions of U.S. Dollars -7,580 Millions of U.S. Dollars Mil. of U.S. $
line 50
REITs 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 51
Brokers and dealers 		2025 237,387 Millions of U.S. Dollars 176,756 Millions of U.S. Dollars 176,756 Millions of U.S. Dollars Mil. of U.S. $
line 52
Holding companies 		2025 -14,573 Millions of U.S. Dollars -3,562 Millions of U.S. Dollars -3,562 Millions of U.S. Dollars Mil. of U.S. $
line 53
Funding corporations 		2025 88,139 Millions of U.S. Dollars -1,369 Millions of U.S. Dollars -1,369 Millions of U.S. Dollars Mil. of U.S. $
line 54
Rest of the world 		2025 960,431 Millions of U.S. Dollars 1,014,185 Millions of U.S. Dollars 1,014,185 Millions of U.S. Dollars Mil. of U.S. $
   

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