Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: March 12, 2015
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S.4.a Nonfinancial Noncorporate Business
Billions of dollars
Description 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Line
Nonfinancial noncorporate business; gross value added 2079.1 2218.8 2440.1 2513.9 2632.4 2466.4 2546.2 2751.6 2926.1 3055.2 1
Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis 196.4 214.4 232.6 245.6 254.5 253.0 251.8 265.0 271.7 281.7 2
Nonfinancial noncorporate business; net value added 1882.7 2004.4 2207.5 2268.3 2378.0 2213.4 2294.4 2486.6 2654.4 2773.5 3
Nonfinancial noncorporate business; compensation of employees paid 599.1 664.7 747.4 827.5 843.4 805.4 816.6 845.9 895.8 926.6 4
Nonfinancial noncorporate business; wages and salaries paid 503.5 557.9 631.2 701.8 712.1 675.0 684.6 713.1 756.0 781.4 5
Nonfinancial noncorporate business; employers' social contributions paid 95.6 106.8 116.3 125.7 131.3 130.4 131.9 132.8 139.9 145.2 6
Nonfinancial noncorporate business; taxes on production and imports less subsidies, payable 125.4 130.2 147.0 157.6 157.9 145.4 150.7 158.7 163.9 167.1 7
Nonfinancial noncorporate business; operating surplus, net 1158.3 1209.4 1313.0 1283.2 1376.7 1262.6 1327.1 1482.0 1594.6 1679.9 8
Nonfinancial noncorporate business; net national income/balance of primary incomes, net 20.1 21.8 22.7 19.8 15.0 21.0 23.0 25.5 26.5 24.8 9
Nonfinancial noncorporate business; operating surplus, net 1158.3 1209.4 1313.0 1283.2 1376.7 1262.6 1327.1 1482.0 1594.6 1679.9 10
Nonfinancial noncorporate business; interest received 17.3 18.1 19.1 17.7 13.6 9.4 8.4 9.1 10.6 9.4 11
Nonfinancial noncorporate business; uses of property income (paid) 1155.5 1205.7 1309.5 1281.1 1375.3 1251.0 1312.5 1465.5 1578.7 1664.5 12
Nonfinancial noncorporate business; interest paid 170.3 198.8 227.6 254.2 263.1 242.7 237.9 226.9 225.7 231.7 13
Nonfinancial noncorporate business; withdrawals from income of quasi-corporations, paid 985.1 1006.8 1081.8 1026.8 1112.2 1008.3 1074.5 1238.4 1352.8 1432.6 14
Nonfinancial noncorporate business; reinvested earnings on foreign direct investment in U.S.; paid 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.2 0.2 0.2 15
Nonfinancial noncorporate business; rents on land and natural resources paid 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16
Nonfinancial noncorporate business; net national income/balance of primary incomes, net 20.1 21.8 22.7 19.8 15.0 21.0 23.0 25.5 26.5 24.8 17
Nonfinancial noncorporate business; other current transfers paid 20.1 21.8 22.7 19.8 15.0 21.0 23.0 25.5 26.5 24.8 18
Nonfinancial noncorporate business; disposable income, net; net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19
Nonfinancial noncorporate business; disposable income, net; net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20
Nonfinancial noncorporate business; net saving less net capital transfers paid 5.0 13.1 0.0 0.0 3.3 6.0 7.8 1.6 4.9 0.0 21
Nonfinancial noncorporate business; disposable income, net; net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
Nonfinancial noncorporate business; net capital transfers paid -5.0 -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 23
Nonfinancial noncorporate business; capital formation, net 77.4 81.9 77.7 71.1 50.8 -21.0 -5.1 16.7 32.0 56.3 24
Nonfinancial noncorporate business; gross fixed investment (IMA) 260.3 289.2 305.0 313.5 307.5 248.8 243.1 274.8 300.7 320.6 25
Nonfinancial noncorporate business; nonresidential gross fixed capital formation 162.2 180.5 198.9 215.0 223.8 182.9 184.9 214.6 231.8 240.7 26
Nonfinancial noncorporate business; gross fixed investment, residential equipment and structures 98.1 108.7 106.2 98.5 83.7 65.8 58.3 60.2 68.9 79.9 27
Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis 196.4 214.4 232.6 245.6 254.5 253.0 251.8 265.0 271.7 281.7 28
Nonfinancial noncorporate business; inventories 13.5 7.1 5.3 3.3 -2.3 -16.8 3.6 6.8 3.0 17.4 29
Nonfinancial noncorporate business; net lending (+) or borrowing (-) (capital account) -72.4 -68.8 -77.7 -71.1 -47.5 27.0 12.8 -15.1 -27.1 -56.2 30
Nonfinancial noncorporate business; net lending (+) or borrowing (-) (capital account) -72.4 -68.8 -77.7 -71.1 -47.5 27.0 12.8 -15.1 -27.1 -56.2 31
Nonfinancial noncorporate business; total financial assets 370.8 437.3 519.9 479.5 97.3 -117.1 152.0 16.6 73.9 37.2 32
Nonfinancial noncorporate business; total currency and deposits; asset 93.7 100.2 95.0 81.8 2.5 10.1 0.2 1.5 19.8 4.3 33
Nonfinancial noncorporate business; checkable deposits and currency; asset 106.9 76.7 74.7 66.9 3.8 14.9 -2.7 -2.4 14.9 -3.4 34
Nonfinancial noncorporate business; total time and savings deposits; asset -13.2 23.5 20.3 14.9 -1.2 -4.8 2.9 3.9 5.0 7.8 35
Nonfinancial noncorporate business; debt securities; asset 7.0 6.1 1.5 2.5 -7.9 -5.5 2.5 0.6 0.7 1.2 36
Nonfinancial noncorporate business; total U.S. government securities; asset 5.3 6.0 0.2 3.0 -7.5 -5.7 1.9 0.5 0.7 1.0 37
Nonfinancial noncorporate business; municipal securities and loans; asset 1.7 0.1 1.3 -0.5 -0.4 0.2 0.5 0.1 0.1 0.1 38
Nonfinancial noncorporate business; total loans; asset 4.6 5.3 -1.5 7.4 -3.0 -1.2 4.2 0.5 0.6 0.9 39
Nonfinancial noncorporate business; consumer credit; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40
Nonfinancial noncorporate business; total mortgages; asset 4.6 5.3 -1.5 7.4 -3.0 -1.2 4.2 0.5 0.6 0.9 41
Nonfinancial noncorporate business; equity and investment fund shares; asset 3.0 2.4 3.3 2.9 2.2 -1.7 3.5 1.1 1.2 2.3 42
Nonfinancial noncorporate business; money market mutual fund shares; asset 2.9 2.4 3.2 2.2 1.0 -1.7 3.1 0.8 1.1 1.7 43
Nonfinancial noncorporate business; equity in Farm Credit System; asset 0.0 -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 0.2 0.6 44
Nonfinancial noncorporate business; insurance receivables due from property-casualty insurance companies; asset 4.6 5.5 4.4 3.7 3.4 -9.8 29.9 -11.6 15.9 -27.4 45
Nonfinancial noncorporate business; other accounts receivable; asset 258.1 317.8 417.2 381.1 100.0 -109.0 111.8 24.6 35.6 55.8 46
Nonfinancial noncorporate business; trade receivables; asset 26.6 66.6 40.0 54.7 -3.0 -26.3 37.0 5.8 7.4 11.6 47
Nonfinancial noncorporate business; unidentified miscellaneous assets 231.4 251.2 377.2 326.4 102.9 -82.7 74.7 18.8 28.2 44.2 48
Nonfinancial noncorporate business; total liabilities 430.0 491.3 583.8 536.5 134.4 -161.8 122.4 31.7 100.9 93.4 49
Nonfinancial noncorporate business; total loans; liability 254.7 341.8 415.4 463.2 325.5 -97.1 -19.4 42.7 87.5 119.3 50
Nonfinancial noncorporate business; short-term loans; liability 34.1 164.3 132.1 154.5 131.8 -107.3 -12.1 57.3 95.0 55.7 51
Nonfinancial noncorporate business; depository institution loans n.e.c.; liability 33.0 157.9 115.3 140.9 119.6 -102.0 -16.8 56.7 85.7 49.5 52
Nonfinancial noncorporate business; other loans and advances; liability 1.2 6.4 16.8 13.7 12.3 -5.3 4.7 0.6 9.3 6.2 53
Nonfinancial noncorporate business; total mortgages; liability 220.6 177.5 283.3 308.7 193.7 10.2 -7.3 -14.6 -7.5 63.5 54
Nonfinancial noncorporate business; equity and investment fund shares; liability 74.4 -51.6 0.4 -50.5 -317.9 -108.0 163.3 -54.5 -7.0 -42.3 55
Nonfinancial noncorporate business; proprietors' equity in noncorporate business (net worth) 74.6 -51.6 1.3 -50.3 -317.7 -108.2 163.0 -54.5 -7.6 -42.7 56
Nonfinancial noncorporate business; U.S. real estate owned by foreigners; liability -0.2 0.1 -0.9 -0.2 -0.2 0.1 0.3 0.0 0.6 0.5 57
Nonfinancial noncorporate business; other accounts payable; liability 100.8 201.0 168.0 123.7 126.8 43.3 -21.4 43.4 20.4 16.4 58
Nonfinancial noncorporate business; trade payables; liability 23.7 49.7 14.3 26.0 5.8 16.9 30.3 7.9 1.2 7.5 59
Nonfinancial noncorporate business; taxes payable; liability 8.4 8.7 9.0 3.8 6.7 -6.3 -0.7 1.2 2.0 3.2 60
Nonfinancial noncorporate business; unidentified miscellaneous liabilities 68.8 142.7 144.6 93.9 114.3 32.6 -50.9 34.4 17.2 5.8 61
Nonfinancial noncorporate business; net lending (+) or borrowing (-) (financial account) -59.1 -54.0 -63.9 -57.0 -37.1 44.8 29.5 -15.1 -27.0 -56.2 62
Nonfinancial noncorporate business; total other volume changes (IMA) 68.0 -76.1 1.3 -48.7 -315.4 -96.6 178.0 -47.0 -9.3 -38.3 63
Nonfinancial noncorporate business; nonfinancial assets -6.6 -24.5 0.0 0.0 -4.4 0.0 0.0 0.0 -8.6 -0.0 64
Nonfinancial noncorporate business; other volume changes excluding disaster losses (IMA) 74.6 -51.6 1.3 -48.7 -311.0 -96.6 178.0 -47.0 -0.8 -38.3 65
Nonfinancial noncorporate business; nonfinancial assets 1147.9 1177.1 430.0 132.7 -1131.9 -1146.7 447.0 524.8 663.0 1011.9 66
Nonfinancial noncorporate business; real estate at market value 1122.4 1141.7 394.1 78.8 -1167.5 -1172.6 387.5 478.4 646.1 1023.6 67
Nonfinancial noncorporate business; residential real estate at market value 664.2 800.2 63.2 -367.7 -805.7 -470.9 156.3 203.6 388.7 548.8 68
Nonfinancial noncorporate business; nonresidential real estate at market value 458.2 341.5 330.8 446.4 -361.8 -701.7 231.2 274.9 257.4 474.7 69
Nonfinancial noncorporate business; equipment, current cost basis 23.9 22.8 28.4 24.2 34.6 18.7 21.6 16.5 8.8 4.3 70
Nonfinancial noncorporate business; residential equipment, current cost basis -0.5 1.1 0.7 -0.5 0.1 -2.7 -2.3 1.0 -0.4 -2.1 71
Nonfinancial noncorporate business; nonresidential equipment, current cost basis 24.3 21.8 27.7 24.7 34.4 21.4 23.9 15.6 9.1 6.4 72
Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis 5.1 7.5 8.5 8.6 6.4 7.5 7.2 2.3 4.0 2.6 73
Nonfinancial noncorporate business; inventories -3.4 5.0 -0.9 21.2 -5.4 -0.3 30.7 27.6 4.1 -18.5 74
Nonfinancial noncorporate business; U.S. real estate owned by foreigners; liability -0.0 0.2 1.2 0.2 0.3 1.0 0.2 0.8 -0.1 0.2 75
Nonfinancial noncorporate business; changes in net worth due to nominal holding gains/losses (IMA) 1148.0 1176.8 428.9 132.5 -1132.2 -1147.7 446.8 524.1 663.1 1011.7 76
Nonfinancial noncorporate business; proprietors' equity in noncorporate business (net worth) 1221.0 1113.8 430.2 83.8 -1444.3 -1238.3 632.6 478.7 658.7 973.5 77
Nonfinancial noncorporate business; total assets 10932.2 12589.1 13602.9 14272.1 13273.5 11971.0 12548.2 13106.3 13866.5 14971.8 78
Nonfinancial noncorporate business; nonfinancial assets 8772.7 9992.3 10486.3 10676.0 9580.1 8394.6 8819.9 9361.4 10047.8 11116.0 79
Nonfinancial noncorporate business; real estate at market value 7895.0 9051.8 9483.4 9599.2 8462.3 7292.6 7664.0 8132.7 8779.7 9818.8 80
Nonfinancial noncorporate business; residential real estate at market value 4999.2 5814.6 5906.0 5556.6 4751.8 4270.9 4410.3 4599.3 4974.4 5525.0 81
Nonfinancial noncorporate business; nonresidential real estate at market value 2895.8 3237.2 3577.4 4042.6 3710.4 3021.6 3253.7 3533.4 3805.3 4293.9 82
Nonfinancial noncorporate business; equipment, current cost basis 536.0 574.4 620.5 659.4 699.6 696.3 709.2 740.7 763.2 784.9 83
Nonfinancial noncorporate business; residential equipment, current cost basis 38.5 41.7 44.4 45.5 46.6 44.0 42.2 43.9 44.3 43.3 84
Nonfinancial noncorporate business; nonresidential equipment, current cost basis 497.5 532.7 576.1 613.9 653.0 652.4 667.0 696.8 718.9 741.5 85
Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis 135.3 147.6 159.5 170.1 178.6 183.2 189.9 196.6 206.4 214.9 86
Nonfinancial noncorporate business; inventories 206.3 218.4 222.8 247.3 239.6 222.5 256.9 291.3 298.5 297.3 87
Nonfinancial noncorporate business; total financial assets 2159.5 2596.8 3116.6 3596.1 3693.4 3576.3 3728.3 3744.9 3818.7 3855.9 88
Nonfinancial noncorporate business; total currency and deposits; asset 598.1 698.3 793.2 875.0 877.6 887.7 887.9 889.4 909.2 913.6 89
Nonfinancial noncorporate business; checkable deposits and currency; asset 297.5 374.2 448.8 515.7 519.5 534.4 531.6 529.3 544.1 540.7 90
Nonfinancial noncorporate business; total time and savings deposits; asset 300.6 324.1 344.4 359.3 358.1 353.3 356.2 360.1 365.1 372.9 91
Nonfinancial noncorporate business; debt securities; asset 54.5 60.6 62.1 64.6 56.7 51.2 53.7 54.3 55.0 56.2 92
Nonfinancial noncorporate business; total U.S. government securities; asset 50.2 56.2 56.3 59.3 51.8 46.1 48.1 48.6 49.3 50.3 93
Nonfinancial noncorporate business; municipal securities and loans; asset 4.3 4.4 5.8 5.3 4.9 5.1 5.6 5.7 5.8 5.9 94
Nonfinancial noncorporate business; total loans; asset 30.8 36.2 34.6 42.1 39.1 37.9 42.1 42.5 43.1 44.0 95
Nonfinancial noncorporate business; consumer credit; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 96
Nonfinancial noncorporate business; total mortgages; asset 30.8 36.2 34.6 42.1 39.1 37.9 42.1 42.5 43.1 44.0 97
Nonfinancial noncorporate business; equity and investment fund shares; asset 70.8 73.1 76.5 79.3 81.7 80.1 83.5 84.7 85.9 88.2 98
Nonfinancial noncorporate business; money market mutual fund shares; asset 66.5 69.0 72.2 74.3 75.4 73.7 76.8 77.7 78.7 80.4 99
Nonfinancial noncorporate business; equity in Farm Credit System; asset 4.2 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 7.8 100
Nonfinancial noncorporate business; insurance receivables due from property-casualty insurance companies; asset 93.8 99.3 103.7 107.4 111.6 101.8 131.7 120.1 135.9 108.5 101
Nonfinancial noncorporate business; other accounts receivable; asset 1311.5 1629.3 2046.5 2427.6 2526.6 2417.6 2529.4 2553.9 2589.6 2645.4 102
Nonfinancial noncorporate business; trade receivables; asset 364.3 430.9 470.9 525.6 522.7 496.3 533.4 539.2 546.6 558.2 103
Nonfinancial noncorporate business; unidentified miscellaneous assets 947.1 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2014.8 2043.0 2087.1 104
Nonfinancial noncorporate business; total liabilities and net worth 10932.2 12589.1 13602.9 14272.1 13273.5 11971.0 12548.2 13106.3 13866.5 14971.8 105
Nonfinancial noncorporate business; total liabilities 3637.4 4180.5 4764.1 5349.5 5795.2 5731.0 5675.6 5755.0 5856.6 5988.4 106
Nonfinancial noncorporate business; total loans; liability 2556.2 2898.0 3313.4 3775.1 4094.0 3985.4 3950.9 3986.1 4069.1 4183.9 107
Nonfinancial noncorporate business; short-term loans; liability 640.9 805.2 937.3 1091.8 1223.7 1116.4 1098.2 1155.5 1252.9 1308.6 108
Nonfinancial noncorporate business; depository institution loans n.e.c.; liability 512.6 670.5 785.8 926.7 1046.2 944.2 927.4 984.2 1072.2 1121.8 109
Nonfinancial noncorporate business; other loans and advances; liability 128.3 134.6 151.5 165.2 177.4 172.1 170.8 171.3 180.7 186.9 110
Nonfinancial noncorporate business; total mortgages; liability 1915.3 2092.9 2376.1 2683.3 2870.3 2869.0 2852.7 2830.6 2816.2 2875.3 111
Nonfinancial noncorporate business; U.S. real estate owned by foreigners; liability 3.0 3.3 3.6 3.6 3.7 4.8 5.3 6.1 6.6 7.3 112
Nonfinancial noncorporate business; other accounts payable; liability 1078.1 1279.1 1447.1 1570.8 1697.6 1740.8 1719.4 1762.9 1780.8 1797.2 113
Nonfinancial noncorporate business; trade payables; liability 284.9 334.5 348.9 374.9 380.7 397.6 427.8 435.7 434.4 441.9 114
Nonfinancial noncorporate business; taxes payable; liability 78.0 86.7 95.7 99.5 106.2 99.9 99.2 100.3 102.3 105.5 115
Nonfinancial noncorporate business; unidentified miscellaneous liabilities 715.2 857.9 1002.5 1096.4 1210.7 1243.3 1192.4 1226.8 1244.1 1249.8 116
Nonfinancial noncorporate business; proprietors' equity in noncorporate business (net worth) 7294.8 8408.6 8838.8 8922.6 7478.3 6240.0 6872.6 7351.2 8010.0 8983.4 117


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