Quarterly

F3.2.s 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 1945    
 
 
    Q1 2026
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Total liabilities 		Q1 2026 30,641,548 Millions of U.S. Dollars 30,069,641 Millions of U.S. Dollars 28,447,272 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 		Q1 2026 6,819,224 Millions of U.S. Dollars 6,546,564 Millions of U.S. Dollars 6,155,073 Millions of U.S. Dollars Mil. of U.S. $
line 4
Other Treasury notes, bonds, and TIPS 		Q1 2026 23,822,324 Millions of U.S. Dollars 23,523,077 Millions of U.S. Dollars 22,292,199 Millions of U.S. Dollars Mil. of U.S. $
line 5
Held in the Civil Service Retirement Fund 		Q1 2026 4,093 Millions of U.S. Dollars 4,093 Millions of U.S. Dollars 4,514 Millions of U.S. Dollars Mil. of U.S. $
line 6
Nonmarketable Treasury securities 		Q1 2026 3,818,469 Millions of U.S. Dollars 3,817,450 Millions of U.S. Dollars 3,185,026 Millions of U.S. Dollars Mil. of U.S. $
line 7
U.S. savings securities 		Q1 2026 148,699 Millions of U.S. Dollars 149,891 Millions of U.S. Dollars 154,990 Millions of U.S. Dollars Mil. of U.S. $
line 8
State and local government series (SLGS) 		Q1 2026 81,107 Millions of U.S. Dollars 82,387 Millions of U.S. Dollars 86,465 Millions of U.S. Dollars Mil. of U.S. $
line 9
Thrift Savings Plan G Fund 		Q1 2026 353,469 Millions of U.S. Dollars 341,754 Millions of U.S. Dollars 77,645 Millions of U.S. Dollars Mil. of U.S. $
line 10
Federal govt. defined benefit pension plans 		Q1 2026 3,212,949 Millions of U.S. Dollars 3,221,677 Millions of U.S. Dollars 2,842,399 Millions of U.S. Dollars Mil. of U.S. $
line 11
Other nonmarketable securities 		Q1 2026 21,708 Millions of U.S. Dollars 21,197 Millions of U.S. Dollars 20,299 Millions of U.S. Dollars Mil. of U.S. $
line 12
Total assets 		Q1 2026 28,997,929 Millions of U.S. Dollars 28,540,476 Millions of U.S. Dollars 26,761,787 Millions of U.S. Dollars Mil. of U.S. $
line 13
Household sector 		Q1 2026 3,039,040 Millions of U.S. Dollars 3,006,696 Millions of U.S. Dollars 2,829,403 Millions of U.S. Dollars Mil. of U.S. $
line 14
U.S. savings securities (line 7) 		Q1 2026 148,699 Millions of U.S. Dollars 149,891 Millions of U.S. Dollars 154,990 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 		Q1 2026 132,405 Millions of U.S. Dollars 141,827 Millions of U.S. Dollars 128,343 Millions of U.S. Dollars Mil. of U.S. $
line 17
Nonfinancial noncorporate business 		Q1 2026 92,201 Millions of U.S. Dollars 90,402 Millions of U.S. Dollars 85,832 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) 		Q1 2026 81,107 Millions of U.S. Dollars 82,387 Millions of U.S. Dollars 86,465 Millions of U.S. Dollars Mil. of U.S. $
line 20
Other Treasury securities 		Q1 2026 1,560,472 Millions of U.S. Dollars 1,560,540 Millions of U.S. Dollars 1,493,097 Millions of U.S. Dollars Mil. of U.S. $
line 21
Monetary authority 		Q1 2026 4,000,420 Millions of U.S. Dollars 3,854,942 Millions of U.S. Dollars 3,832,193 Millions of U.S. Dollars Mil. of U.S. $
line 22
Treasury bills 		Q1 2026 392,801 Millions of U.S. Dollars 231,604 Millions of U.S. Dollars 193,667 Millions of U.S. Dollars Mil. of U.S. $
line 23
Other Treasury securities 		Q1 2026 3,607,619 Millions of U.S. Dollars 3,623,338 Millions of U.S. Dollars 3,638,526 Millions of U.S. Dollars Mil. of U.S. $
line 24
U.S.-chartered depository institutions 		Q1 2026 1,817,612 Millions of U.S. Dollars 1,744,845 Millions of U.S. Dollars 1,545,475 Millions of U.S. Dollars Mil. of U.S. $
line 25
Foreign banking offices in U.S. 		Q1 2026 135,241 Millions of U.S. Dollars 125,174 Millions of U.S. Dollars 108,394 Millions of U.S. Dollars Mil. of U.S. $
line 26
Banks in U.S.-affiliated areas 		Q1 2026 25,607 Millions of U.S. Dollars 24,704 Millions of U.S. Dollars 23,782 Millions of U.S. Dollars Mil. of U.S. $
line 27
Credit unions 		Q1 2026 71,115 Millions of U.S. Dollars 67,018 Millions of U.S. Dollars 63,217 Millions of U.S. Dollars Mil. of U.S. $
line 28
Property-casualty insurance companies 		Q1 2026 391,011 Millions of U.S. Dollars 367,010 Millions of U.S. Dollars 370,148 Millions of U.S. Dollars Mil. of U.S. $
line 29
Treasury bills 		Q1 2026 205,751 Millions of U.S. Dollars 175,436 Millions of U.S. Dollars 188,464 Millions of U.S. Dollars Mil. of U.S. $
line 30
Other Treasury securities 		Q1 2026 185,260 Millions of U.S. Dollars 191,574 Millions of U.S. Dollars 181,684 Millions of U.S. Dollars Mil. of U.S. $
line 31
Life insurance companies 		Q1 2026 206,920 Millions of U.S. Dollars 204,743 Millions of U.S. Dollars 190,532 Millions of U.S. Dollars Mil. of U.S. $
line 32
Treasury bills 		Q1 2026 23,793 Millions of U.S. Dollars 18,885 Millions of U.S. Dollars 23,665 Millions of U.S. Dollars Mil. of U.S. $
line 33
Other Treasury securities 		Q1 2026 183,127 Millions of U.S. Dollars 185,858 Millions of U.S. Dollars 166,867 Millions of U.S. Dollars Mil. of U.S. $
line 34
Private pension funds 		Q1 2026 606,993 Millions of U.S. Dollars 602,172 Millions of U.S. Dollars 549,275 Millions of U.S. Dollars Mil. of U.S. $
line 35
Defined benefit plans 		Q1 2026 321,489 Millions of U.S. Dollars 318,514 Millions of U.S. Dollars 298,596 Millions of U.S. Dollars Mil. of U.S. $
line 36
Defined contribution plans 		Q1 2026 285,504 Millions of U.S. Dollars 283,658 Millions of U.S. Dollars 250,679 Millions of U.S. Dollars Mil. of U.S. $
line 37
Federal government retirement funds 		Q1 2026 22,189 Millions of U.S. Dollars 22,744 Millions of U.S. Dollars 21,665 Millions of U.S. Dollars Mil. of U.S. $
line 38
Defined benefit plans 		Q1 2026 6,062 Millions of U.S. Dollars 6,119 Millions of U.S. Dollars 5,919 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 		Q1 2026 573,867 Millions of U.S. Dollars 519,087 Millions of U.S. Dollars 485,307 Millions of U.S. Dollars Mil. of U.S. $
line 41
Money market funds 		Q1 2026 3,426,437 Millions of U.S. Dollars 3,517,832 Millions of U.S. Dollars 2,880,571 Millions of U.S. Dollars Mil. of U.S. $
line 42
Treasury bills 		Q1 2026 2,467,804 Millions of U.S. Dollars 2,687,057 Millions of U.S. Dollars 2,235,048 Millions of U.S. Dollars Mil. of U.S. $
line 43
Other Treasury securities 		Q1 2026 958,633 Millions of U.S. Dollars 830,775 Millions of U.S. Dollars 645,523 Millions of U.S. Dollars Mil. of U.S. $
line 44
Mutual funds 		Q1 2026 1,694,361 Millions of U.S. Dollars 1,683,176 Millions of U.S. Dollars 1,535,224 Millions of U.S. Dollars Mil. of U.S. $
line 45
Treasury bills 		Q1 2026 14,980 Millions of U.S. Dollars 14,398 Millions of U.S. Dollars 11,481 Millions of U.S. Dollars Mil. of U.S. $
line 46
Other Treasury securities 		Q1 2026 1,679,381 Millions of U.S. Dollars 1,668,778 Millions of U.S. Dollars 1,523,743 Millions of U.S. Dollars Mil. of U.S. $
line 47
Closed-end funds 		Q1 2026 1,998 Millions of U.S. Dollars 2,030 Millions of U.S. Dollars 1,993 Millions of U.S. Dollars Mil. of U.S. $
line 48
Exchange-traded funds 		Q1 2026 779,052 Millions of U.S. Dollars 706,000 Millions of U.S. Dollars 604,948 Millions of U.S. Dollars Mil. of U.S. $
line 49
Government-sponsored enterprises 		Q1 2026 242,539 Millions of U.S. Dollars 243,453 Millions of U.S. Dollars 232,304 Millions of U.S. Dollars Mil. of U.S. $
line 50
ABS issuers 		Q1 2026 19,035 Millions of U.S. Dollars 19,168 Millions of U.S. Dollars 22,567 Millions of U.S. Dollars Mil. of U.S. $
line 51
Brokers and dealers 		Q1 2026 620,413 Millions of U.S. Dollars 542,458 Millions of U.S. Dollars 487,312 Millions of U.S. Dollars Mil. of U.S. $
line 52
Holding companies 		Q1 2026 119,932 Millions of U.S. Dollars 120,936 Millions of U.S. Dollars 137,357 Millions of U.S. Dollars Mil. of U.S. $
line 53
Rest of the world 		Q1 2026 9,317,224 Millions of U.S. Dollars 9,270,908 Millions of U.S. Dollars 9,049,550 Millions of U.S. Dollars Mil. of U.S. $
line 54
Treasury bills 		Q1 2026 1,512,186 Millions of U.S. Dollars 1,447,602 Millions of U.S. Dollars 1,416,826 Millions of U.S. Dollars Mil. of U.S. $
line 55
Other Treasury securities 		Q1 2026 7,805,038 Millions of U.S. Dollars 7,823,306 Millions of U.S. Dollars 7,632,724 Millions of U.S. Dollars Mil. of U.S. $
line 56
Discrepancy 		Q1 2026 1,643,619 Millions of U.S. Dollars 1,529,165 Millions of U.S. Dollars 1,685,485 Millions of U.S. Dollars Mil. of U.S. $
   

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