Annual

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

Line	Name	Period	Value	Preceding Period	Year Ago from Period	Units
	By instrument
line 1	Total debt securities	2024	61,883,940 Millions of U.S. Dollars	59,030,709 Millions of U.S. Dollars	59,030,709 Millions of U.S. Dollars	Mil. of U.S. $
line 2	Open market paper	2024	1,218,700 Millions of U.S. Dollars	1,219,537 Millions of U.S. Dollars	1,219,537 Millions of U.S. Dollars	Mil. of U.S. $
line 3	Treasury securities	2024	28,139,470 Millions of U.S. Dollars	26,226,569 Millions of U.S. Dollars	26,226,569 Millions of U.S. Dollars	Mil. of U.S. $
line 4	Agency- and GSE-backed securities	2024	12,274,578 Millions of U.S. Dollars	11,975,976 Millions of U.S. Dollars	11,975,976 Millions of U.S. Dollars	Mil. of U.S. $
line 5	Municipal securities	2024	4,213,186 Millions of U.S. Dollars	4,093,534 Millions of U.S. Dollars	4,093,534 Millions of U.S. Dollars	Mil. of U.S. $
line 6	Corporate and foreign bonds	2024	16,038,006 Millions of U.S. Dollars	15,515,093 Millions of U.S. Dollars	15,515,093 Millions of U.S. Dollars	Mil. of U.S. $
	By sector
line 7	Total liabilities	2024	61,883,940 Millions of U.S. Dollars	59,030,709 Millions of U.S. Dollars	59,030,709 Millions of U.S. Dollars	Mil. of U.S. $
line 8	Domestic nonfinancial sectors	2024	40,244,021 Millions of U.S. Dollars	37,961,023 Millions of U.S. Dollars	37,961,023 Millions of U.S. Dollars	Mil. of U.S. $
line 9	Nonprofit organizations	2024	216,165 Millions of U.S. Dollars	207,760 Millions of U.S. Dollars	207,760 Millions of U.S. Dollars	Mil. of U.S. $
line 10	Nonfinancial corporate business	2024	8,507,106 Millions of U.S. Dollars	8,243,890 Millions of U.S. Dollars	8,243,890 Millions of U.S. Dollars	Mil. of U.S. $
line 11	Federal government	2024	28,159,925 Millions of U.S. Dollars	26,246,746 Millions of U.S. Dollars	26,246,746 Millions of U.S. Dollars	Mil. of U.S. $
line 12	State and local governments	2024	3,360,825 Millions of U.S. Dollars	3,262,627 Millions of U.S. Dollars	3,262,627 Millions of U.S. Dollars	Mil. of U.S. $
line 13	Domestic financial sectors	2024	17,900,859 Millions of U.S. Dollars	17,341,973 Millions of U.S. Dollars	17,341,973 Millions of U.S. Dollars	Mil. of U.S. $
line 14	U.S.-chartered depository institutions	2024	415,456 Millions of U.S. Dollars	442,869 Millions of U.S. Dollars	442,869 Millions of U.S. Dollars	Mil. of U.S. $
line 15	Foreign banking offices in U.S.	2024	173,301 Millions of U.S. Dollars	146,022 Millions of U.S. Dollars	146,022 Millions of U.S. Dollars	Mil. of U.S. $
line 16	Government-sponsored enterprises	2024	9,209,536 Millions of U.S. Dollars	9,085,118 Millions of U.S. Dollars	9,085,118 Millions of U.S. Dollars	Mil. of U.S. $
line 17	Agency- and GSE-backed mortgage pools	2024	3,044,587 Millions of U.S. Dollars	2,870,681 Millions of U.S. Dollars	2,870,681 Millions of U.S. Dollars	Mil. of U.S. $
line 18	ABS issuers	2024	1,630,098 Millions of U.S. Dollars	1,508,028 Millions of U.S. Dollars	1,508,028 Millions of U.S. Dollars	Mil. of U.S. $
line 19	Finance companies	2024	1,220,475 Millions of U.S. Dollars	1,155,590 Millions of U.S. Dollars	1,155,590 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	2024	327,339 Millions of U.S. Dollars	236,247 Millions of U.S. Dollars	236,247 Millions of U.S. Dollars	Mil. of U.S. $
line 22	Holding companies	2024	1,542,082 Millions of U.S. Dollars	1,556,281 Millions of U.S. Dollars	1,556,281 Millions of U.S. Dollars	Mil. of U.S. $
line 23	Funding corporations	2024	127,607 Millions of U.S. Dollars	128,210 Millions of U.S. Dollars	128,210 Millions of U.S. Dollars	Mil. of U.S. $
line 24	Rest of the world	2024	3,739,060 Millions of U.S. Dollars	3,727,713 Millions of U.S. Dollars	3,727,713 Millions of U.S. Dollars	Mil. of U.S. $
line 25	Total assets	2024	57,726,925 Millions of U.S. Dollars	55,078,501 Millions of U.S. Dollars	55,078,501 Millions of U.S. Dollars	Mil. of U.S. $
line 26	Domestic nonfinancial sectors	2024	8,827,076 Millions of U.S. Dollars	8,470,291 Millions of U.S. Dollars	8,470,291 Millions of U.S. Dollars	Mil. of U.S. $
line 27	Household sector	2024	5,822,214 Millions of U.S. Dollars	5,566,787 Millions of U.S. Dollars	5,566,787 Millions of U.S. Dollars	Mil. of U.S. $
line 28	Nonfinancial corporate business	2024	408,501 Millions of U.S. Dollars	400,061 Millions of U.S. Dollars	400,061 Millions of U.S. Dollars	Mil. of U.S. $
line 29	Nonfinancial noncorporate business	2024	90,048 Millions of U.S. Dollars	87,836 Millions of U.S. Dollars	87,836 Millions of U.S. Dollars	Mil. of U.S. $
line 30	Federal government	2024	6,486 Millions of U.S. Dollars	3,867 Millions of U.S. Dollars	3,867 Millions of U.S. Dollars	Mil. of U.S. $
line 31	State and local governments	2024	2,499,827 Millions of U.S. Dollars	2,411,740 Millions of U.S. Dollars	2,411,740 Millions of U.S. Dollars	Mil. of U.S. $
line 32	Domestic financial sectors	2024	34,417,123 Millions of U.S. Dollars	32,796,542 Millions of U.S. Dollars	32,796,542 Millions of U.S. Dollars	Mil. of U.S. $
line 33	Monetary authority	2024	5,695,449 Millions of U.S. Dollars	6,527,643 Millions of U.S. Dollars	6,527,643 Millions of U.S. Dollars	Mil. of U.S. $
line 34	U.S.-chartered depository institutions	2024	5,336,489 Millions of U.S. Dollars	5,244,092 Millions of U.S. Dollars	5,244,092 Millions of U.S. Dollars	Mil. of U.S. $
line 35	Foreign banking offices in U.S.	2024	298,549 Millions of U.S. Dollars	271,544 Millions of U.S. Dollars	271,544 Millions of U.S. Dollars	Mil. of U.S. $
line 36	Banks in U.S.-affiliated areas	2024	79,221 Millions of U.S. Dollars	73,187 Millions of U.S. Dollars	73,187 Millions of U.S. Dollars	Mil. of U.S. $
line 37	Credit unions	2024	344,795 Millions of U.S. Dollars	352,269 Millions of U.S. Dollars	352,269 Millions of U.S. Dollars	Mil. of U.S. $
line 38	Property-casualty insurance companies	2024	1,557,003 Millions of U.S. Dollars	1,363,671 Millions of U.S. Dollars	1,363,671 Millions of U.S. Dollars	Mil. of U.S. $
line 39	Life insurance companies	2024	4,188,991 Millions of U.S. Dollars	4,015,766 Millions of U.S. Dollars	4,015,766 Millions of U.S. Dollars	Mil. of U.S. $
line 40	Private pension funds	2024	1,696,226 Millions of U.S. Dollars	1,634,131 Millions of U.S. Dollars	1,634,131 Millions of U.S. Dollars	Mil. of U.S. $
line 41	Federal government retirement funds	2024	44,697 Millions of U.S. Dollars	43,249 Millions of U.S. Dollars	43,249 Millions of U.S. Dollars	Mil. of U.S. $
line 42	State and local govt. retirement funds	2024	1,253,686 Millions of U.S. Dollars	1,111,555 Millions of U.S. Dollars	1,111,555 Millions of U.S. Dollars	Mil. of U.S. $
line 43	Money market funds	2024	4,326,471 Millions of U.S. Dollars	3,414,842 Millions of U.S. Dollars	3,414,842 Millions of U.S. Dollars	Mil. of U.S. $
line 44	Mutual funds	2024	5,408,676 Millions of U.S. Dollars	5,065,451 Millions of U.S. Dollars	5,065,451 Millions of U.S. Dollars	Mil. of U.S. $
line 45	Closed-end funds	2024	147,047 Millions of U.S. Dollars	150,501 Millions of U.S. Dollars	150,501 Millions of U.S. Dollars	Mil. of U.S. $
line 46	Exchange-traded funds	2024	1,756,583 Millions of U.S. Dollars	1,493,378 Millions of U.S. Dollars	1,493,378 Millions of U.S. Dollars	Mil. of U.S. $
line 47	Government-sponsored enterprises	2024	520,652 Millions of U.S. Dollars	456,416 Millions of U.S. Dollars	456,416 Millions of U.S. Dollars	Mil. of U.S. $
line 48	ABS issuers	2024	26,231 Millions of U.S. Dollars	31,432 Millions of U.S. Dollars	31,432 Millions of U.S. Dollars	Mil. of U.S. $
line 49	Finance companies	2024	21,042 Millions of U.S. Dollars	28,287 Millions of U.S. Dollars	28,287 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	2024	1,028,706 Millions of U.S. Dollars	853,623 Millions of U.S. Dollars	853,623 Millions of U.S. Dollars	Mil. of U.S. $
line 52	Holding companies	2024	176,991 Millions of U.S. Dollars	182,387 Millions of U.S. Dollars	182,387 Millions of U.S. Dollars	Mil. of U.S. $
line 53	Funding corporations	2024	303,683 Millions of U.S. Dollars	295,762 Millions of U.S. Dollars	295,762 Millions of U.S. Dollars	Mil. of U.S. $
line 54	Rest of the world	2024	14,482,726 Millions of U.S. Dollars	13,811,669 Millions of U.S. Dollars	13,811,669 Millions of U.S. Dollars	Mil. of U.S. $
line 55	Discrepancy	2024	4,157,015 Millions of U.S. Dollars	3,952,208 Millions of U.S. Dollars	3,952,208 Millions of U.S. Dollars	Mil. of U.S. $

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L.208 Debt Securities

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L.208 Debt Securities

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