HOLDINGS OF U.S. CORPORATE AND FOREIGN BONDS, 2004-2008
($ billions, end of year)
Total |
$7,916.6 |
$8,683.3 |
$9,970.2 |
$11,302.0 |
$11,137.0 |
40.7% |
Household sector |
1,135.5 |
1,288.2 |
1,520.6 |
1,831.0 |
1,664.4 |
46.6 |
State and local governments |
118.2 |
127.2 |
139.4 |
148.1 |
144.5 |
22.3 |
Rest of the world (1) |
1,558.9 |
1,762.9 |
2,320.8 |
2,780.8 |
2,808.4 |
80.2 |
Commercial banking |
563.6 |
687.0 |
780.3 |
978.7 |
984.7 |
74.7 |
Savings institutions |
59.2 |
80.2 |
89.4 |
138.5 |
104.5 |
76.5 |
Credit unions |
25.0 |
23.5 |
30.6 |
34.6 |
25.7 |
2.8 |
Property/casualty insurance companies |
245.3 |
262.8 |
277.0 |
282.9 |
276.4 |
12.7 |
Life insurance companies |
1,756.3 |
1,824.8 |
1,822.8 |
1,862.8 |
1,839.7 |
4.7 |
Private pension funds |
267.8 |
290.0 |
317.6 |
357.3 |
400.1 |
49.4 |
State and local govt retirement funds |
213.5 |
227.9 |
296.9 |
287.8 |
288.6 |
35.2 |
Federal govt retirement funds |
3.0 |
2.9 |
2.9 |
3.0 |
2.9 |
-3.3 |
Money market mutual funds |
261.0 |
263.2 |
368.3 |
376.8 |
228.0 |
-12.6 |
Mutual funds |
596.8 |
662.7 |
768.9 |
890.5 |
965.1 |
61.7 |
Closed-end funds |
67.6 |
69.3 |
75.1 |
74.0 |
49.8 |
-26.3 |
Exchange-traded funds |
3.3 |
5.3 |
7.6 |
13.8 |
27.7 |
739.4 |
Government-sponsored enterprises |
414.8 |
465.7 |
481.7 |
464.4 |
335.3 |
-19.2 |
Finance companies |
256.0 |
203.5 |
184.8 |
189.4 |
192.4 |
-24.8 |
Real Estate Investment Trusts |
36.0 |
53.0 |
64.6 |
34.4 |
14.5 |
-59.7 |
Brokers and dealers |
238.0 |
315.7 |
360.5 |
383.1 |
117.0 |
-50.8 |
Funding corporations |
96.8 |
67.5 |
60.4 |
170.0 |
667.3 |
589.4 |
|
(1) Holdings of U.S. issues by foreign residents.
Source: Board of Governors of the Federal Reserve System, June 11, 2009.
HOLDINGS OF U.S. CORPORATE AND FOREIGN BONDS, 2005-2009
($ billions, end of year)
Total |
$8,694.6 |
$9,982.2 |
$11,426.1 |
$11,158.8 |
$11,482.1 |
32.1% |
Household sector |
1,299.5 |
1,552.8 |
2,005.4 |
1,988.6 |
2,197.9 |
69.1 |
State and local governments |
127.2 |
139.4 |
148.1 |
149.5 |
160.2 |
25.9 |
Federal government |
0.0 |
0.0 |
0.0 |
0.0 |
0.6 |
NA |
Rest of the world (1) |
1,762.9 |
2,320.8 |
2,719.1 |
2,456.7 |
2,348.4 |
33.2 |
Commercial banking |
687.0 |
780.3 |
978.2 |
979.9 |
867.7 |
26.3 |
Savings institutions |
80.2 |
92.7 |
142.2 |
108.5 |
85.1 |
6.1 |
Credit unions |
23.5 |
30.6 |
34.6 |
25.7 |
18.6 |
-20.9 |
Property/casualty insurance companies |
262.8 |
277.0 |
282.9 |
267.5 |
298.3 |
13.5 |
Life insurance companies |
1,824.8 |
1,819.5 |
1,862.6 |
1,817.0 |
1,917.2 |
5.1 |
Private pension funds |
290.0 |
317.6 |
357.4 |
400.1 |
442.9 |
52.7 |
State and local govt retirement funds |
227.9 |
283.4 |
297.0 |
312.9 |
310.1 |
36.1 |
Federal govt retirement funds |
2.9 |
2.9 |
3.0 |
2.9 |
3.0 |
3.4 |
Money market mutual funds |
263.2 |
368.3 |
376.8 |
228.0 |
169.9 |
-35.4 |
Mutual funds |
662.7 |
767.0 |
889.9 |
959.9 |
1,106.1 |
66.9 |
Closed-end funds |
69.3 |
75.1 |
74.0 |
49.5 |
55.3 |
-20.2 |
Exchange-traded funds |
5.3 |
7.6 |
13.8 |
27.7 |
55.3 |
943.4 |
Government-sponsored enterprises |
465.7 |
481.7 |
464.4 |
386.6 |
310.8 |
-33.3 |
Finance companies |
203.5 |
184.8 |
189.4 |
192.4 |
198.6 |
-2.4 |
Real Estate Investment Trusts |
53.0 |
64.6 |
34.4 |
14.4 |
17.5 |
-67.0 |
Brokers and dealers |
315.7 |
355.5 |
382.8 |
123.8 |
171.3 |
-45.7 |
Funding corporations |
67.5 |
60.4 |
170.0 |
667.3 |
747.2 |
1,007.0 |
|
(1) Holdings of U.S. issues by foreign residents.
NA=Not applicable.
Source: Board of Governors of the Federal Reserve System, June 10, 2010.
HOLDINGS OF U.S. CORPORATE AND FOREIGN BONDS, 2006-2010
($ billions, end of year)
Total |
$9,981.8 |
$11,435.0 |
$11,016.5 |
$11,434.4 |
$11,332.2 |
13.5% |
Household sector |
1,552.8 |
2,017.1 |
1,956.3 |
2,067.5 |
1,763.1 |
13.5 |
State and local governments |
139.4 |
145.3 |
142.9 |
150.9 |
161.1 |
15.6 |
Federal government |
0.0 |
0.0 |
0.0 |
0.6 |
0.9 |
NA |
Rest of the world (1) |
2,320.5 |
2,719.1 |
2,354.0 |
2,489.3 |
2,446.7 |
5.4 |
Commercial banking |
780.3 |
978.2 |
979.9 |
861.8 |
747.2 |
-4.2 |
Savings institutions |
92.7 |
142.2 |
108.5 |
84.5 |
73.9 |
-20.3 |
Credit unions |
30.6 |
34.6 |
25.7 |
18.6 |
0.0 |
-100.0 |
Property/casualty insurance companies |
277.0 |
282.9 |
267.5 |
298.3 |
322.6 |
16.5 |
Life insurance companies |
1,819.5 |
1,862.6 |
1,817.0 |
1,914.7 |
2,027.1 |
11.4 |
Private pension funds |
317.6 |
357.4 |
400.1 |
442.9 |
483.5 |
52.2 |
State and local govt retirement funds |
283.4 |
297.0 |
312.9 |
308.6 |
312.4 |
10.2 |
Federal govt retirement funds |
2.9 |
3.0 |
2.9 |
3.0 |
3.2 |
10.3 |
Money market mutual funds |
368.3 |
376.8 |
228.0 |
169.9 |
154.2 |
-58.1 |
Mutual funds |
767.0 |
889.9 |
959.9 |
1,106.1 |
1,264.5 |
64.9 |
Closed-end funds |
75.1 |
74.0 |
48.7 |
54.0 |
58.1 |
-22.6 |
Exchange-traded funds |
7.6 |
13.8 |
27.7 |
55.3 |
74.0 |
873.7 |
Government-sponsored enterprises |
481.7 |
464.4 |
386.6 |
310.8 |
293.9 |
-39.0 |
Finance companies |
184.8 |
189.4 |
192.4 |
198.6 |
179.0 |
-3.1 |
Real Estate Investment Trusts |
64.6 |
34.4 |
14.4 |
17.6 |
22.4 |
-65.3 |
Brokers and dealers |
355.5 |
382.8 |
123.8 |
171.3 |
184.3 |
-48.2 |
Funding corporations |
60.4 |
170.0 |
667.3 |
710.2 |
760.1 |
1,158.4 |
|
(1) Holdings of U.S. issues by foreign residents.
NA=Not applicable.
Source: Board of Governors of the Federal Reserve System, June 9, 2011.