CREATE [ TEMPORARY | TEMP ] SEQUENCE name [ INCREMENT [ BY ] increment ]
    [ MINVALUE minvalue | NO MINVALUE ] [ MAXVALUE maxvalue | NO MAXVALUE ]
    [ START [ WITH ] start ] [ CACHE cache ] [ [ NO ] CYCLE ]
    [ OWNED BY { table.column | NONE } ]
CREATE SEQUENCE creates a new sequence number generator. This involves creating and initializing a new special single-row table with the name name. The generator will be owned by the user issuing the command.
If a schema name is given then the sequence is created in the specified schema. Otherwise it is created in the current schema. Temporary sequences exist in a special schema, so a schema name cannot be given when creating a temporary sequence. The sequence name must be distinct from the name of any other sequence, table, index, or view in the same schema.
After a sequence is created, you use the functions
  nextval, currval, and setval to operate on the sequence. These
  functions are documented in Section 9.15.
Although you cannot update a sequence directly, you can use a query like:
SELECT * FROM name;
to examine the parameters and current state of a sequence. In
  particular, the last_value field of the
  sequence shows the last value allocated by any session. (Of
  course, this value might be obsolete by the time it's printed, if
  other sessions are actively doing nextval calls.)
If specified, the sequence object is created only for this session, and is automatically dropped on session exit. Existing permanent sequences with the same name are not visible (in this session) while the temporary sequence exists, unless they are referenced with schema-qualified names.
The name (optionally schema-qualified) of the sequence to be created.
The optional clause INCREMENT BY increment specifies which value is added to the current sequence value to create a new value. A positive value will make an ascending sequence, a negative one a descending sequence. The default value is 1.
The optional clause MINVALUE minvalue determines the minimum value a sequence can generate. If this clause is not supplied or NO MINVALUE is specified, then defaults will be used. The defaults are 1 and -263-1 for ascending and descending sequences, respectively.
The optional clause MAXVALUE maxvalue determines the maximum value for the sequence. If this clause is not supplied or NO MAXVALUE is specified, then default values will be used. The defaults are 263-1 and -1 for ascending and descending sequences, respectively.
The optional clause START WITH start allows the sequence to begin anywhere. The default starting value is minvalue for ascending sequences and maxvalue for descending ones.
The optional clause CACHE cache specifies how many sequence numbers are to be preallocated and stored in memory for faster access. The minimum value is 1 (only one value can be generated at a time, i.e., no cache), and this is also the default.
The CYCLE option allows the sequence to wrap around when the maxvalue or minvalue has been reached by an ascending or descending sequence respectively. If the limit is reached, the next number generated will be the minvalue or maxvalue, respectively.
If NO CYCLE is specified, any
        calls to nextval after the
        sequence has reached its maximum value will return an
        error. If neither CYCLE or
        NO CYCLE are specified, NO CYCLE is the default.
The OWNED BY option causes the sequence to be associated with a specific table column, such that if that column (or its whole table) is dropped, the sequence will be automatically dropped as well. The specified table must have the same owner and be in the same schema as the sequence. OWNED BY NONE, the default, specifies that there is no such association.
Use DROP SEQUENCE to remove a sequence.
Sequences are based on bigint arithmetic, so the range cannot exceed the range of an eight-byte integer (-9223372036854775808 to 9223372036854775807).
Unexpected results might be obtained if a cache setting greater than one is used for
  a sequence object that will be used concurrently by multiple
  sessions. Each session will allocate and cache successive
  sequence values during one access to the sequence object and
  increase the sequence object's last_value accordingly. Then, the next cache-1 uses of nextval within that session simply return the
  preallocated values without touching the sequence object. So, any
  numbers allocated but not used within a session will be lost when
  that session ends, resulting in "holes" in the sequence.
Furthermore, although multiple sessions are guaranteed to
  allocate distinct sequence values, the values might be generated
  out of sequence when all the sessions are considered. For
  example, with a cache setting of
  10, session A might reserve values 1..10 and return nextval=1, then session B might reserve values
  11..20 and return nextval=11 before
  session A has generated nextval=2. Thus,
  with a cache setting of one it is
  safe to assume that nextval values
  are generated sequentially; with a cache setting greater than one you should
  only assume that the nextval values
  are all distinct, not that they are generated purely
  sequentially. Also, last_value will
  reflect the latest value reserved by any session, whether or not
  it has yet been returned by nextval.
Another consideration is that a setval executed on such a sequence will not be
  noticed by other sessions until they have used up any
  preallocated values they have cached.
Create an ascending sequence called serial, starting at 101:
CREATE SEQUENCE serial START 101;
Select the next number from this sequence:
SELECT nextval('serial');
 nextval
---------
     101
  Select the next number from this sequence:
SELECT nextval('serial');
 nextval
---------
     102
  Use this sequence in an INSERT command:
INSERT INTO distributors VALUES (nextval('serial'), 'nothing');
  Update the sequence value after a COPY FROM:
BEGIN;
COPY distributors FROM 'input_file';
SELECT setval('serial', max(id)) FROM distributors;
END;
CREATE SEQUENCE conforms to the SQL standard, with the following exceptions:
The standard's AS <data type> expression is not supported.
Obtaining the next value is done using the nextval() function instead of the
      standard's NEXT VALUE FOR
      expression.
The OWNED BY clause is a PostgreSQL extension.