Current Table

Insurance Company Holdings Of U.S. Municipal Securities And Loans, 2015-2019

($ billions, end of year)

  2015 2016 2017 2018 2019
Property/casualty insurance companies $357.5 $350.7 $338.9 $291.6 $285.2
Life insurance companies 177.3 185.2 197.8 190.0 215.0
Total $534.8 $535.9 $536.7 $481.6 $500.2

Source: Board of Governors of the Federal Reserve System, June 11, 2020.

 
HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2004-2008

($ billions, end of year)

   2004 2005 2006 2007 2008 Percent
change,
2004-2008
Total $2,031.0 $2,225.9 $2,403.3 $2,618.9 $2,682.1 32.1%
Household sector 742.4 821.0 871.8 908.0 949.9 27.9
Nonfinancial corporate business 31.8 32.1 28.1 29.8 7.7 -75.8
Nonfarm noncorporate business 4.3 4.4 5.8 6.7 7.1 65.1
State and local governments 4.7 5.0 5.5 5.8 5.7 21.3
Rest of the world 26.0 29.0 34.4 33.0 41.0 57.7
Commercial banking 140.8 157.7 180.2 192.4 215.6 53.1
Savings institutions 7.4 9.0 11.1 11.0 8.4 13.5
Property/casualty insurance companies 267.8 313.2 335.2 371.3 372.8 39.2
Life insurance companies 30.1 32.5 36.6 41.4 41.1 36.5
State and local govt retirement funds 1.8 1.7 3.6 1.9 1.1 -38.9
Money market mutual funds 313.8 336.8 370.3 471.0 494.6 57.6
Mutual funds 294.3 311.7 344.4 372.2 389.6 32.4
Closed-end funds 89.1 89.4 89.4 91.0 78.2 -12.2
Government-sponsored enterprises 44.6 39.7 36.1 33.3 30.5 -31.6
Brokers and dealers 32.0 42.9 50.9 50.1 38.7 20.9

Source: Board of Governors of the Federal Reserve System, June 11, 2009.

 
HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2005-2009

($ billions, end of year)

   2005 2006 2007 2008 2009 Percent change,
2005-2009
Total $2,225.9 $2,403.3 $2,618.9 $2,676.0 $2,803.7 26.0%
Household sector 820.9 872.0 896.0 907.2 998.9 21.7
Nonfinancial corporate business 32.1 28.1 29.2 26.6 27.1 -15.6
Nonfarm noncorporate business 4.4 5.8 5.3 5.6 5.2 18.2
State and local governments 5.0 5.5 5.8 5.9 6.3 26.0
Rest of the world 29.0 34.4 45.1 41.0 60.6 109.0
Commercial banking 157.7 180.2 192.9 216.7 218.6 38.6
Savings institutions 9.0 11.2 11.0 7.8 9.2 2.2
Property/casualty insurance companies 313.2 335.2 371.3 381.9 369.4 17.9
Life insurance companies 32.5 36.6 41.4 47.1 73.3 125.5
State and local govt retirement funds 1.7 3.3 2.4 1.4 1.5 -11.8
Money market mutual funds 336.8 370.3 471.0 494.6 401.3 19.2
Mutual funds 311.7 344.4 372.2 389.6 480.2 54.1
Closed-end funds 89.4 89.4 91.3 78.5 81.8 -8.5
Government-sponsored enterprises 39.7 36.1 33.3 31.3 29.1 -26.7
Brokers and dealers 42.9 50.9 50.1 38.7 35.4 -17.5

Source: Board of Governors of the Federal Reserve System, June 10, 2010.

 
HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2006-2010

($ billions, end of year)

  2006 2007 2008 2009 2010 Percent change,
2006-2010
Total $2,403.2 $2,618.8 $2,680.2 $2,808.9 $2,925.3 21.7%
Household sector 872.0 896.0 903.8 1,009.6 1,083.8 24.3
Nonfinancial corporate business 28.1 29.2 26.2 27.3 23.7 -15.7
Nonfarm noncorporate business 5.8 5.3 4.9 4.5 4.3 -25.9
State and local governments 5.5 5.7 5.6 5.9 6.3 14.5
Rest of the world 34.4 45.1 50.5 57.0 73.0 112.2
Commercial banking 180.2 192.9 216.7 218.6 246.1 36.6
Savings institutions 11.2 11.0 7.8 9.2 11.1 -0.9
Property/casualty insurance companies 335.2 371.3 381.9 369.4 348.4 3.9
Life insurance companies 36.6 41.4 47.1 73.1 113.3 209.6
State and local govt retirement funds 3.3 2.4 1.4 1.5 1.6 -51.5
Money market mutual funds 370.3 471.0 494.6 401.3 334.4 -9.7
Mutual funds 344.4 372.2 389.6 480.2 526.6 52.9
Closed-end funds 89.4 91.3 77.9 80.9 80.3 -10.2
Exchange-traded funds 0.0 0.6 2.3 5.9 7.6 NA
Government-sponsored enterprises 36.1 33.3 31.3 29.1 24.9 -31.0
Brokers and dealers 50.9 50.1 38.7 35.4 40.0 -21.4

NA=Not applicable.

Source: Board of Governors of the Federal Reserve System, June 9, 2011.

 
HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2007-2011

($ billions, end of year)

  2007 2008 2009 2010 2011 Percent change, 2007-2011
Total assets $3,448.1 $3,543.4 $3,697.9 $3,795.6 $3,743.4 8.6%
Household sector 1,725.4 1,767.2 1,896.5 1,954.6 1,891.8 9.6
Nonfinancial corporate business 29.2 26.2 27.1 24.1 19.7 -32.5
Nonfinancial noncorporate business 5.3 4.9 5.1 4.9 4.9 -7.5
State and local governments 5.5 5.4 5.7 6.1 5.9 7.3
Rest of the world (1) 45.1 50.5 58.7 71.7 82.7 83.4
U.S.-chartered depository institutions (2) 202.0 221.9 224.3 254.6 297.3 47.2
Banks in U.S.-affiliated areas 2.0 2.5 3.5 2.5 3.4 70.0
Property/casualty insurance companies 371.3 381.9 369.4 348.4 331.0 -10.9
Life insurance companies 41.4 47.1 73.1 112.3 122.6 196.1
State and local govt retirement funds 2.4 1.4 1.5 1.6 1.5 -37.5
Money market mutual funds 471.0 494.6 401.3 334.4 296.5 -37.0
Mutual funds 372.2 389.6 480.2 526.6 542.6 45.8
Closed-end funds 91.3 77.9 81.2 81.3 82.4 -9.7
Exchange-traded funds 0.6 2.3 5.9 7.6 8.6 1,333.3
Government-sponsored enterprises 33.3 31.3 29.1 24.9 21.0 -36.9
Brokers and dealers 50.1 38.7 35.4 40.0 31.5 -37.1

(1) Holdings of U.S. issues by foreign residents.
(2) Includes savings banks and commercial banks.

Source: Board of Governors of the Federal Reserve System, June 7, 2012.

 
INSURANCE COMPANY HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2009-2013

($ billions, end of year)

  2009 2010 2011 2012 2013
Property/casualty insurance companies $369.4 $348.4 $331.0 $328.1 $325.8
Life insurance companies 73.1 112.3 121.8 131.5 141.2
Total $442.5 $460.7 $452.8 $459.6 $467.0

Source: Board of Governors of the Federal Reserve System, June 5, 2014.

 
INSURANCE COMPANY HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2010-2014

($ billions, end of year)

  2010 2011 2012 2013 2014
Property/casualty insurance companies $348.4 $331.0 $328.1 $326.4 $321.7
Life insurance companies 112.3 121.8 131.5 141.2 147.8
Total $460.7 $452.8 $459.6 $467.6 $469.5

Source: Board of Governors of the Federal Reserve System, June 11, 2015.

 
Insurance Company Holdings Of U.S. Municipal Securities And Loans, 2011-2015

($ billions, end of year)

  2011 2012 2013 2014 2015
Property/casualty insurance companies $331.0 $328.1 $326.4 $322.1 $330.4
Life insurance companies 121.8 131.5 141.6 147.8 158.5
Total $452.8 $459.6 $468.0 $469.9 $488.9

Source: Board of Governors of the Federal Reserve System, June 9, 2016.

 
Insurance Company Holdings Of U.S. Municipal Securities And Loans, 2012-2016

($ billions, end of year)

  2012 2013 2014 2015 2016
Property/casualty insurance companies $337.4 $335.6 $339.6 $345.8 $338.5
Life insurance companies 150.1 146.0 164.4 171.2 179.0
Total $487.5 $481.6 $504.0 $517.0 $517.5

Source: Board of Governors of the Federal Reserve System, June 8, 2017.

 
Insurance Company Holdings Of U.S. Municipal Securities And Loans, 2013-2017

($ billions, end of year)

  2013 2014 2015 2016 2017
Property/casualty insurance companies $335.6 $339.6 $345.8 $338.5 $327.0
Life insurance companies 146.0 164.4 171.2 179.0 192.7
Total $481.6 $504.0 $517.0 $517.5 $519.7

Source: Board of Governors of the Federal Reserve System, June 8, 2018.

 
Insurance Company Holdings Of U.S. Municipal Securities And Loans, 2014-2018

($ billions, end of year)

  2014 2015 2016 2017 2018
Property/casualty insurance companies $339.6 $357.5 $350.7 $338.9 $293.8
Life insurance companies 164.4 177.3 185.2 197.8 190.4
Total $504.0 $534.8 $535.9 $536.7 $484.2

Source: Board of Governors of the Federal Reserve System, June 6, 2019.