Quarterly

F.210 Treasury 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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    Q4 1946    
 
 
    Q3 2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Net issues 		Q3 2025 3,988,703 Millions of U.S. Dollars 921,844 Millions of U.S. Dollars 2,523,920 Millions of U.S. Dollars Mil. of U.S. $
line 2
Marketable Treasury securities 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 3
Treasury bills 		Q3 2025 2,227,947 Millions of U.S. Dollars -848,667 Millions of U.S. Dollars 747,714 Millions of U.S. Dollars Mil. of U.S. $
line 4
Other Treasury notes, bonds, and TIPS 		Q3 2025 1,760,756 Millions of U.S. Dollars 1,770,511 Millions of U.S. Dollars 1,776,206 Millions of U.S. Dollars Mil. of U.S. $
line 5
Held in the Civil Service Retirement Fund 		Q3 2025 0 Millions of U.S. Dollars -1,684 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 6
Nonmarketable Treasury securities 		Q3 2025 2,046,652 Millions of U.S. Dollars -565,745 Millions of U.S. Dollars 312,378 Millions of U.S. Dollars Mil. of U.S. $
line 7
U.S. savings securities 		Q3 2025 -7,209 Millions of U.S. Dollars -9,443 Millions of U.S. Dollars -11,253 Millions of U.S. Dollars Mil. of U.S. $
line 8
State and local government series (SLGS) 		Q3 2025 -11,771 Millions of U.S. Dollars 48,732 Millions of U.S. Dollars 45,000 Millions of U.S. Dollars Mil. of U.S. $
line 9
Thrift Savings Plan G Fund 		Q3 2025 1,077,440 Millions of U.S. Dollars -103,096 Millions of U.S. Dollars 24,212 Millions of U.S. Dollars Mil. of U.S. $
line 10
Federal govt. defined benefit pension plans 		Q3 2025 977,496 Millions of U.S. Dollars -457,137 Millions of U.S. Dollars 248,218 Millions of U.S. Dollars Mil. of U.S. $
line 11
Other nonmarketable securities 		Q3 2025 11,748 Millions of U.S. Dollars -40,125 Millions of U.S. Dollars 6,417 Millions of U.S. Dollars Mil. of U.S. $
line 12
Net purchases 		Q3 2025 3,988,703 Millions of U.S. Dollars 921,844 Millions of U.S. Dollars 2,523,920 Millions of U.S. Dollars Mil. of U.S. $
line 13
Household sector 		Q3 2025 444,032 Millions of U.S. Dollars 254,563 Millions of U.S. Dollars 362,560 Millions of U.S. Dollars Mil. of U.S. $
line 14
U.S. savings securities (line 7) 		Q3 2025 -7,209 Millions of U.S. Dollars -9,443 Millions of U.S. Dollars -11,253 Millions of U.S. Dollars Mil. of U.S. $
line 15
Other Treasury securities 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 16
Nonfinancial corporate business 		Q3 2025 17,536 Millions of U.S. Dollars 9,348 Millions of U.S. Dollars 83,856 Millions of U.S. Dollars Mil. of U.S. $
line 17
Nonfinancial noncorporate business 		Q3 2025 -588 Millions of U.S. Dollars 700 Millions of U.S. Dollars -12,908 Millions of U.S. Dollars Mil. of U.S. $
line 18
State and local governments 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 19
SLGS (line 8) 		Q3 2025 -11,771 Millions of U.S. Dollars 48,732 Millions of U.S. Dollars 45,000 Millions of U.S. Dollars Mil. of U.S. $
line 20
Other Treasury securities 		Q3 2025 109,592 Millions of U.S. Dollars 161,180 Millions of U.S. Dollars 4,672 Millions of U.S. Dollars Mil. of U.S. $
line 21
Monetary authority 		Q3 2025 -65,608 Millions of U.S. Dollars -62,260 Millions of U.S. Dollars -377,856 Millions of U.S. Dollars Mil. of U.S. $
line 22
Treasury bills 		Q3 2025 764 Millions of U.S. Dollars 128 Millions of U.S. Dollars 1,140 Millions of U.S. Dollars Mil. of U.S. $
line 23
Other Treasury securities 		Q3 2025 -66,372 Millions of U.S. Dollars -62,388 Millions of U.S. Dollars -378,996 Millions of U.S. Dollars Mil. of U.S. $
line 24
U.S.-chartered depository institutions 		Q3 2025 331,132 Millions of U.S. Dollars 345,224 Millions of U.S. Dollars 170,224 Millions of U.S. Dollars Mil. of U.S. $
line 25
Foreign banking offices in U.S. 		Q3 2025 2,704 Millions of U.S. Dollars 54,744 Millions of U.S. Dollars -6,480 Millions of U.S. Dollars Mil. of U.S. $
line 26
Banks in U.S.-affiliated areas 		Q3 2025 -2,060 Millions of U.S. Dollars 4,308 Millions of U.S. Dollars -11,708 Millions of U.S. Dollars Mil. of U.S. $
line 27
Credit unions 		Q3 2025 4,508 Millions of U.S. Dollars 5,208 Millions of U.S. Dollars -14,600 Millions of U.S. Dollars Mil. of U.S. $
line 28
Property-casualty insurance companies 		Q3 2025 222,692 Millions of U.S. Dollars -140,604 Millions of U.S. Dollars 207,724 Millions of U.S. Dollars Mil. of U.S. $
line 29
Treasury bills 		Q3 2025 200,808 Millions of U.S. Dollars -158,596 Millions of U.S. Dollars 196,728 Millions of U.S. Dollars Mil. of U.S. $
line 30
Other Treasury securities 		Q3 2025 21,884 Millions of U.S. Dollars 17,992 Millions of U.S. Dollars 10,996 Millions of U.S. Dollars Mil. of U.S. $
line 31
Life insurance companies 		Q3 2025 33,180 Millions of U.S. Dollars 2,784 Millions of U.S. Dollars 6,468 Millions of U.S. Dollars Mil. of U.S. $
line 32
Treasury bills 		Q3 2025 -4,680 Millions of U.S. Dollars -11,596 Millions of U.S. Dollars 7,500 Millions of U.S. Dollars Mil. of U.S. $
line 33
Other Treasury securities 		Q3 2025 37,860 Millions of U.S. Dollars 14,380 Millions of U.S. Dollars -1,032 Millions of U.S. Dollars Mil. of U.S. $
line 34
Private pension funds 		Q3 2025 66,396 Millions of U.S. Dollars 69,336 Millions of U.S. Dollars 51,644 Millions of U.S. Dollars Mil. of U.S. $
line 35
Defined benefit plans 		Q3 2025 21,476 Millions of U.S. Dollars 21,976 Millions of U.S. Dollars 20,816 Millions of U.S. Dollars Mil. of U.S. $
line 36
Defined contribution plans 		Q3 2025 44,920 Millions of U.S. Dollars 47,360 Millions of U.S. Dollars 30,828 Millions of U.S. Dollars Mil. of U.S. $
line 37
Federal government retirement funds 		Q3 2025 1,088 Millions of U.S. Dollars -580 Millions of U.S. Dollars 3,804 Millions of U.S. Dollars Mil. of U.S. $
line 38
Defined benefit plans 		Q3 2025 88 Millions of U.S. Dollars -1,424 Millions of U.S. Dollars 2,796 Millions of U.S. Dollars Mil. of U.S. $
line 39
Defined contribution plans 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 40
State and local govt. retirement funds 		Q3 2025 -9,844 Millions of U.S. Dollars 37,180 Millions of U.S. Dollars 70,516 Millions of U.S. Dollars Mil. of U.S. $
line 41
Money market funds 		Q3 2025 2,227,559 Millions of U.S. Dollars -480,707 Millions of U.S. Dollars 603,161 Millions of U.S. Dollars Mil. of U.S. $
line 42
Treasury bills 		Q3 2025 1,888,863 Millions of U.S. Dollars -681,811 Millions of U.S. Dollars 648,861 Millions of U.S. Dollars Mil. of U.S. $
line 43
Other Treasury securities 		Q3 2025 338,696 Millions of U.S. Dollars 201,104 Millions of U.S. Dollars -45,700 Millions of U.S. Dollars Mil. of U.S. $
line 44
Mutual funds 		Q3 2025 98,244 Millions of U.S. Dollars -21,052 Millions of U.S. Dollars 120,028 Millions of U.S. Dollars Mil. of U.S. $
line 45
Treasury bills 		Q3 2025 3,276 Millions of U.S. Dollars -5,516 Millions of U.S. Dollars -2,980 Millions of U.S. Dollars Mil. of U.S. $
line 46
Other Treasury securities 		Q3 2025 94,968 Millions of U.S. Dollars -15,536 Millions of U.S. Dollars 123,008 Millions of U.S. Dollars Mil. of U.S. $
line 47
Closed-end funds 		Q3 2025 -24 Millions of U.S. Dollars -140 Millions of U.S. Dollars 32 Millions of U.S. Dollars Mil. of U.S. $
line 48
Exchange-traded funds 		Q3 2025 141,896 Millions of U.S. Dollars 133,652 Millions of U.S. Dollars 109,044 Millions of U.S. Dollars Mil. of U.S. $
line 49
Government-sponsored enterprises 		Q3 2025 -22,272 Millions of U.S. Dollars 100,460 Millions of U.S. Dollars 55,480 Millions of U.S. Dollars Mil. of U.S. $
line 50
ABS issuers 		Q3 2025 -5,308 Millions of U.S. Dollars -8,820 Millions of U.S. Dollars -3,832 Millions of U.S. Dollars Mil. of U.S. $
line 51
Brokers and dealers 		Q3 2025 -101,776 Millions of U.S. Dollars 99,888 Millions of U.S. Dollars 68,200 Millions of U.S. Dollars Mil. of U.S. $
line 52
Holding companies 		Q3 2025 -22,328 Millions of U.S. Dollars -26,516 Millions of U.S. Dollars 16,296 Millions of U.S. Dollars Mil. of U.S. $
line 53
Rest of the world 		Q3 2025 504,636 Millions of U.S. Dollars 371,880 Millions of U.S. Dollars 969,195 Millions of U.S. Dollars Mil. of U.S. $
line 54
Treasury bills 		Q3 2025 31,660 Millions of U.S. Dollars -34,808 Millions of U.S. Dollars 410,375 Millions of U.S. Dollars Mil. of U.S. $
line 55
Other Treasury securities 		Q3 2025 472,976 Millions of U.S. Dollars 406,688 Millions of U.S. Dollars 558,820 Millions of U.S. Dollars Mil. of U.S. $
   

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