Quarterly

F3.t 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/%
For questions on FRED functionality, please contact: https://fred.stlouisfed.org/contactus/

   

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    Q4 1946    
 
 
    Q1 2026
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
By instrument
line 1
Net issues 		Q1 2026 4,184,718 Millions of U.S. Dollars 2,148,676 Millions of U.S. Dollars 3,116,924 Millions of U.S. Dollars Mil. of U.S. $
line 2
Open market paper 		Q1 2026 -5,164 Millions of U.S. Dollars 68,939 Millions of U.S. Dollars 321,307 Millions of U.S. Dollars Mil. of U.S. $
line 3
Treasury securities 		Q1 2026 2,126,003 Millions of U.S. Dollars 1,753,904 Millions of U.S. Dollars 1,056,232 Millions of U.S. Dollars Mil. of U.S. $
line 4
Agency- and GSE-backed securities 		Q1 2026 387,832 Millions of U.S. Dollars 56,823 Millions of U.S. Dollars 188,491 Millions of U.S. Dollars Mil. of U.S. $
line 5
Municipal securities 		Q1 2026 257,423 Millions of U.S. Dollars 15,671 Millions of U.S. Dollars 186,620 Millions of U.S. Dollars Mil. of U.S. $
line 6
Corporate and foreign bonds 		Q1 2026 1,418,624 Millions of U.S. Dollars 253,339 Millions of U.S. Dollars 1,364,274 Millions of U.S. Dollars Mil. of U.S. $
By sector
line 7
Net issues 		Q1 2026 4,184,718 Millions of U.S. Dollars 2,148,676 Millions of U.S. Dollars 3,116,924 Millions of U.S. Dollars Mil. of U.S. $
line 8
Domestic nonfinancial sectors 		Q1 2026 3,002,221 Millions of U.S. Dollars 1,868,488 Millions of U.S. Dollars 1,843,373 Millions of U.S. Dollars Mil. of U.S. $
line 9
Nonprofit organizations 		Q1 2026 13,248 Millions of U.S. Dollars 18,704 Millions of U.S. Dollars 8,252 Millions of U.S. Dollars Mil. of U.S. $
line 10
Nonfinancial corporate business 		Q1 2026 636,556 Millions of U.S. Dollars 89,029 Millions of U.S. Dollars 632,925 Millions of U.S. Dollars Mil. of U.S. $
line 11
Federal government 		Q1 2026 2,126,711 Millions of U.S. Dollars 1,753,212 Millions of U.S. Dollars 1,057,188 Millions of U.S. Dollars Mil. of U.S. $
line 12
State and local governments 		Q1 2026 225,707 Millions of U.S. Dollars 7,543 Millions of U.S. Dollars 145,008 Millions of U.S. Dollars Mil. of U.S. $
line 13
Domestic financial sectors 		Q1 2026 943,875 Millions of U.S. Dollars -119,169 Millions of U.S. Dollars 962,863 Millions of U.S. Dollars Mil. of U.S. $
line 14
U.S.-chartered depository institutions 		Q1 2026 98,888 Millions of U.S. Dollars -117,800 Millions of U.S. Dollars 97,152 Millions of U.S. Dollars Mil. of U.S. $
line 15
Foreign banking offices in U.S. 		Q1 2026 -10,460 Millions of U.S. Dollars -74,176 Millions of U.S. Dollars -35,260 Millions of U.S. Dollars Mil. of U.S. $
line 16
Government-sponsored enterprises 		Q1 2026 283,624 Millions of U.S. Dollars -61,217 Millions of U.S. Dollars 35,624 Millions of U.S. Dollars Mil. of U.S. $
line 17
Agency- and GSE-backed mortgage pools 		Q1 2026 103,500 Millions of U.S. Dollars 118,732 Millions of U.S. Dollars 151,911 Millions of U.S. Dollars Mil. of U.S. $
line 18
ABS issuers 		Q1 2026 211,295 Millions of U.S. Dollars 99,529 Millions of U.S. Dollars 208,144 Millions of U.S. Dollars Mil. of U.S. $
line 19
Finance companies 		Q1 2026 -19,589 Millions of U.S. Dollars -95,468 Millions of U.S. Dollars 33,840 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 		Q1 2026 108,156 Millions of U.S. Dollars -74,536 Millions of U.S. Dollars 123,700 Millions of U.S. Dollars Mil. of U.S. $
line 22
Holding companies 		Q1 2026 212,084 Millions of U.S. Dollars 33,740 Millions of U.S. Dollars 259,544 Millions of U.S. Dollars Mil. of U.S. $
line 23
Funding corporations 		Q1 2026 -50,371 Millions of U.S. Dollars -11,845 Millions of U.S. Dollars 84,404 Millions of U.S. Dollars Mil. of U.S. $
line 24
Rest of the world 		Q1 2026 238,622 Millions of U.S. Dollars 399,357 Millions of U.S. Dollars 310,688 Millions of U.S. Dollars Mil. of U.S. $
line 25
Net purchases 		Q1 2026 4,184,718 Millions of U.S. Dollars 2,148,676 Millions of U.S. Dollars 3,116,924 Millions of U.S. Dollars Mil. of U.S. $
line 26
Domestic nonfinancial sectors 		Q1 2026 -653,655 Millions of U.S. Dollars -776,868 Millions of U.S. Dollars 270,738 Millions of U.S. Dollars Mil. of U.S. $
line 27
Household sector 		Q1 2026 -814,473 Millions of U.S. Dollars -784,899 Millions of U.S. Dollars 196,000 Millions of U.S. Dollars Mil. of U.S. $
line 28
Nonfinancial corporate business 		Q1 2026 27,397 Millions of U.S. Dollars 82,397 Millions of U.S. Dollars 59,104 Millions of U.S. Dollars Mil. of U.S. $
line 29
Nonfinancial noncorporate business 		Q1 2026 9,836 Millions of U.S. Dollars 7,508 Millions of U.S. Dollars -3,708 Millions of U.S. Dollars Mil. of U.S. $
line 30
Federal government 		Q1 2026 320 Millions of U.S. Dollars 178 Millions of U.S. Dollars 6 Millions of U.S. Dollars Mil. of U.S. $
line 31
State and local governments 		Q1 2026 123,264 Millions of U.S. Dollars -82,052 Millions of U.S. Dollars 19,336 Millions of U.S. Dollars Mil. of U.S. $
line 32
Domestic financial sectors 		Q1 2026 3,705,702 Millions of U.S. Dollars 2,444,101 Millions of U.S. Dollars 1,355,458 Millions of U.S. Dollars Mil. of U.S. $
line 33
Monetary authority 		Q1 2026 451,180 Millions of U.S. Dollars -86,102 Millions of U.S. Dollars -492,206 Millions of U.S. Dollars Mil. of U.S. $
line 34
U.S.-chartered depository institutions 		Q1 2026 686,677 Millions of U.S. Dollars -320,408 Millions of U.S. Dollars 400,368 Millions of U.S. Dollars Mil. of U.S. $
line 35
Foreign banking offices in U.S. 		Q1 2026 40,336 Millions of U.S. Dollars 58,792 Millions of U.S. Dollars -34,672 Millions of U.S. Dollars Mil. of U.S. $
line 36
Banks in U.S.-affiliated areas 		Q1 2026 -1,864 Millions of U.S. Dollars -11,452 Millions of U.S. Dollars 816 Millions of U.S. Dollars Mil. of U.S. $
line 37
Credit unions 		Q1 2026 49,413 Millions of U.S. Dollars 1,015 Millions of U.S. Dollars 14,204 Millions of U.S. Dollars Mil. of U.S. $
line 38
Property-casualty insurance companies 		Q1 2026 249,372 Millions of U.S. Dollars -14,392 Millions of U.S. Dollars 101,756 Millions of U.S. Dollars Mil. of U.S. $
line 39
Life insurance companies 		Q1 2026 385,328 Millions of U.S. Dollars 229,477 Millions of U.S. Dollars 142,352 Millions of U.S. Dollars Mil. of U.S. $
line 40
Private pension funds 		Q1 2026 60,340 Millions of U.S. Dollars 85,692 Millions of U.S. Dollars 81,832 Millions of U.S. Dollars Mil. of U.S. $
line 41
Federal government retirement funds 		Q1 2026 -4,020 Millions of U.S. Dollars 2,828 Millions of U.S. Dollars 2,508 Millions of U.S. Dollars Mil. of U.S. $
line 42
State and local govt. retirement funds 		Q1 2026 141,916 Millions of U.S. Dollars 133,996 Millions of U.S. Dollars 33,852 Millions of U.S. Dollars Mil. of U.S. $
line 43
Money market funds 		Q1 2026 -148,939 Millions of U.S. Dollars 1,055,631 Millions of U.S. Dollars -359,119 Millions of U.S. Dollars Mil. of U.S. $
line 44
Mutual funds 		Q1 2026 584,944 Millions of U.S. Dollars 482,616 Millions of U.S. Dollars 304,176 Millions of U.S. Dollars Mil. of U.S. $
line 45
Closed-end funds 		Q1 2026 1,712 Millions of U.S. Dollars 1,504 Millions of U.S. Dollars -464 Millions of U.S. Dollars Mil. of U.S. $
line 46
Exchange-traded funds 		Q1 2026 694,260 Millions of U.S. Dollars 538,064 Millions of U.S. Dollars 408,404 Millions of U.S. Dollars Mil. of U.S. $
line 47
Government-sponsored enterprises 		Q1 2026 39,524 Millions of U.S. Dollars 22,880 Millions of U.S. Dollars 25,856 Millions of U.S. Dollars Mil. of U.S. $
line 48
ABS issuers 		Q1 2026 -532 Millions of U.S. Dollars 532 Millions of U.S. Dollars -14,656 Millions of U.S. Dollars Mil. of U.S. $
line 49
Finance companies 		Q1 2026 2,160 Millions of U.S. Dollars 9,508 Millions of U.S. Dollars -416 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 		Q1 2026 467,376 Millions of U.S. Dollars 168,164 Millions of U.S. Dollars 504,560 Millions of U.S. Dollars Mil. of U.S. $
line 52
Holding companies 		Q1 2026 27,760 Millions of U.S. Dollars -20,804 Millions of U.S. Dollars 10,276 Millions of U.S. Dollars Mil. of U.S. $
line 53
Funding corporations 		Q1 2026 -59,709 Millions of U.S. Dollars 7,372 Millions of U.S. Dollars 169,719 Millions of U.S. Dollars Mil. of U.S. $
line 54
Rest of the world 		Q1 2026 1,132,671 Millions of U.S. Dollars 481,443 Millions of U.S. Dollars 1,490,728 Millions of U.S. Dollars Mil. of U.S. $
   

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