French securities in custody by issuer: govt short-term debt
French securities in custody by issuer: govt short-term debt stood at 228.17 EUR billion in Q1 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Securities held by residents table (Value · Quarterly), with a complete series running from Q1 2008 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the Securities held by residents table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| French securities held in custody in France, by issuer | |||||||||||
| General government, short-term debt securities | 228.17 | 217.1 | 225.8 | 222.93 | 211.64 | 200.71 | 192.87 | 190.69 | 180.67 | 168.67 | |
| General government, long-term debt securities | 2,117.82 | 2,018.58 | 2,058.98 | 2,018.23 | 1,969.43 | 1,890.59 | 1,914.81 | 1,840.05 | 1,844.6 | 1,817.08 |
Understanding french securities in custody by issuer: govt short-term debt
Short-maturity debt instruments issued by public administrations and held within domestic safekeeping accounts constitute this statistical row. It tracks Treasury bills and comparable government obligations with original maturities of one year or less, excluding long-term sovereign bonds and government-issued equity. This metric measures the short-term borrowing activity of the general government as retained within domestic depository institutions.
These custody figures often exhibit pronounced intra-year fluctuations driven by public sector cash flow management, tax collection cycles, and short-term debt roll-overs. Early estimates are subject to routine revisions as public accounting reports are finalized and reconciled with depository records. When analyzing these balances, observers should differentiate between securities held by resident investors domestically and those placed directly with foreign central depositories.
Frequently asked questions
- What defines the maturity limit for short-term government debt in this custody breakdown?
- The original maturity must be one year or less, capturing instruments such as Treasury bills.
- Why do short-term government debt custody holdings experience seasonal swings?
- Fluctuations align with public sector borrowing requirements, tax payment deadlines, and the issuance cycles of short-term Treasury paper.
- Are municipal or local government debt instruments included in general government short-term debt?
- Yes, general government encompasses central, regional, and local public administrations collectively.