Financial Accounts of the United States - Z.1
S11.2.b Nonfinancial noncorporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Assets | FL112000005 | 28136.8 | 28871.2 | 29888.8 | 28957.1 | 29186.7 | 29672.3 | 29888.8 | 30402.5 | 30719.7 |
| Line 2 | Nonfinancial assets | LM112010005 | 18750.1 | 19024.1 | 19356.1 | 18974.8 | 19031.3 | 19355.2 | 19356.1 | 19578.5 | 19757.5 |
| Line 3 | Real estate(1) | LM115035005 | 16858.4 | 17038.3 | 17304.6 | 16974.6 | 17024.9 | 17290.2 | 17304.6 | 17466.9 | 17650.1 |
| Line 4 | Residential | LM115035023 | 10230.7 | 10341.8 | 10436.2 | 10352.4 | 10436.4 | 10428.4 | 10436.2 | 10437.9 | 10603.4 |
| Line 5 | Nonresidential | LM115035035 | 6627.7 | 6696.5 | 6868.4 | 6622.2 | 6588.5 | 6861.8 | 6868.4 | 7028.9 | 7046.7 |
| Line 6 | Equipment(2) | LM115015205 | 1124.4 | 1161.7 | 1167.4 | 1152.7 | 1156.4 | 1164.7 | 1167.4 | 1173.5 | 1184.9 |
| Line 7 | Residential(3) | LM115012265 | 89.0 | 89.9 | 95.1 | 88.9 | 92.7 | 94.1 | 95.1 | 95.4 | 95.6 |
| Line 8 | Nonresidential | LM115013265 | 1035.4 | 1071.8 | 1072.2 | 1063.7 | 1063.6 | 1070.6 | 1072.2 | 1078.1 | 1089.3 |
| Line 9 | Intellectual property products (2) | LM115013765 | 449.5 | 484.9 | 510.3 | 488.3 | 492.0 | 500.0 | 510.3 | 519.6 | 530.6 |
| Line 10 | Inventories(2) | LM115020005 | 317.8 | 339.1 | 373.9 | 359.2 | 358.1 | 400.3 | 373.9 | 418.5 | 391.9 |
| Line 11 | Financial assets | FL114090005 | 9386.6 | 9847.1 | 10532.6 | 9982.3 | 10155.4 | 10317.1 | 10532.6 | 10824.1 | 10962.1 |
| Line 12 | Checkable deposits and currency | FL113020005 | 492.0 | 519.6 | 549.9 | 525.4 | 533.0 | 540.1 | 549.9 | 563.3 | 571.0 |
| Line 13 | Time and savings deposits | FL113030003 | 1453.0 | 1522.5 | 1631.6 | 1544.1 | 1571.6 | 1597.4 | 1631.6 | 1673.2 | 1697.0 |
| Line 14 | Money market fund shares | FL113034003 | 137.8 | 144.4 | 154.8 | 146.5 | 149.1 | 151.5 | 154.8 | 158.7 | 161.0 |
| Line 15 | Debt securities | LM114022005 | 84.8 | 88.9 | 95.3 | 90.2 | 91.8 | 93.3 | 95.3 | 97.7 | 99.1 |
| Line 16 | Treasury securities | LM113061003 | 81.1 | 85.0 | 91.1 | 86.2 | 87.7 | 89.2 | 91.1 | 93.4 | 94.8 |
| Line 17 | Municipal securities | LM113062003 | 3.7 | 3.9 | 4.2 | 4.0 | 4.0 | 4.1 | 4.2 | 4.3 | 4.4 |
| Line 18 | Loans | FL114035005 | 58.9 | 61.7 | 66.2 | 62.6 | 63.7 | 64.8 | 66.2 | 67.9 | 68.8 |
| Line 19 | Mortgages | FL113065005 | 58.9 | 61.7 | 66.2 | 62.6 | 63.7 | 64.8 | 66.2 | 67.9 | 68.8 |
| Line 20 | Consumer credit | FL113066003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 21 | Equity investment in GSEs(4) | FL113092405 | 18.3 | 19.1 | 19.8 | 18.8 | 19.1 | 19.3 | 19.8 | 19.6 | 20.3 |
| Line 22 | Trade receivables | FL113070003 | 1264.4 | 1324.8 | 1419.8 | 1343.6 | 1367.6 | 1390.1 | 1419.8 | 1456.0 | 1476.7 |
| Line 23 | Miscellaneous assets | FL113090005 | 5877.3 | 6166.0 | 6595.4 | 6251.1 | 6359.4 | 6460.6 | 6595.4 | 6787.7 | 6868.1 |
| Line 24 | Insurance receivables | FL113076005 | 172.4 | 191.6 | 190.2 | 192.3 | 192.2 | 192.1 | 190.2 | 190.2 | 193.9 |
| Line 25 | PPP subsidies receivable | FL113072003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 26 | Tariff refund receivable | FL113090603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 24.8 | 9.9 |
| Line 27 | Other | FL113093005 | 5705.0 | 5974.5 | 6405.2 | 6058.8 | 6167.2 | 6268.5 | 6405.2 | 6572.8 | 6664.3 |
| Line 28 | Total liabilities and equity | FL114194005 | 28136.8 | 28871.2 | 29888.8 | 28957.1 | 29186.7 | 29672.3 | 29888.8 | 30402.5 | 30719.7 |
| Line 29 | Liabilities | FL114190005 | 12343.4 | 12855.9 | 13610.3 | 12991.4 | 13174.9 | 13349.8 | 13610.3 | 13868.7 | 14029.2 |
| Line 30 | Loans | FL114135005 | 7578.1 | 7804.3 | 8122.1 | 7854.0 | 7924.7 | 7994.2 | 8122.1 | 8212.1 | 8272.3 |
| Line 31 | Depository institution loans n.e.c. | FL113168005 | 1569.3 | 1578.1 | 1611.8 | 1584.7 | 1603.4 | 1599.8 | 1611.8 | 1654.2 | 1670.3 |
| Line 32 | Private credit loans | FL113167205 | 148.1 | 181.7 | 222.7 | 188.4 | 198.3 | 208.9 | 222.7 | 226.1 | 230.7 |
| Line 33 | Mortgages | FL113165005 | 5383.4 | 5541.0 | 5745.7 | 5576.0 | 5617.5 | 5678.6 | 5745.7 | 5786.7 | 5826.5 |
| Line 34 | Other loans and advances | FL113169005 | 477.2 | 503.5 | 541.8 | 504.9 | 505.5 | 506.9 | 541.8 | 545.1 | 544.8 |
| Line 35 | Trade payables | FL113170005 | 824.8 | 845.7 | 865.4 | 848.9 | 856.5 | 863.4 | 865.4 | 874.6 | 883.8 |
| Line 36 | Taxes payable | FL113178003 | 236.8 | 245.2 | 258.5 | 247.9 | 251.2 | 254.4 | 258.5 | 263.6 | 266.5 |
| Line 37 | Foreign direct investment: intercompany debt | LM115114305 | 5.0 | 4.6 | 4.0 | 4.5 | 4.3 | 4.1 | 4.0 | 4.1 | 4.2 |
| Line 38 | Miscellaneous liabilities | FL113193003 | 3698.9 | 3956.0 | 4360.3 | 4036.1 | 4138.1 | 4233.7 | 4360.3 | 4514.3 | 4602.4 |
| Line 39 | Total equity | FL113181115 | 15793.3 | 16015.4 | 16278.5 | 15965.7 | 16011.9 | 16322.5 | 16278.5 | 16533.9 | 16690.4 |
| Line 40 | Foreign direct investment: equity | LM115114103 | 106.9 | 117.2 | 124.8 | 116.8 | 121.2 | 124.0 | 124.8 | 123.9 | 130.2 |
| Line 41 | Equity in noncorporate business(5) | LM112090205 | 15686.5 | 15898.2 | 16153.7 | 15848.9 | 15890.7 | 16198.6 | 16153.7 | 16409.9 | 16560.2 |
| Memo: | |||||||||||
| Line 42 | Net worth (assets minus liabilities) | FL112090005 | 15793.3 | 16015.4 | 16278.5 | 15965.7 | 16011.9 | 16322.5 | 16278.5 | 16533.9 | 16690.4 |
| Replacement-cost value of structures: | |||||||||||
| Line 43 | Residential | FL115012665 | 5387.5 | 5575.6 | 5747.4 | 5641.8 | 5677.8 | 5733.5 | 5747.4 | 5815.0 | 5867.4 |
| Line 44 | Nonresidential | FL115013665 | 3121.6 | 3187.9 | 3452.5 | 3245.4 | 3285.0 | 3360.4 | 3452.5 | 3530.8 | 3615.1 |
| Line 45 | Debt/net worth (percent) (line 29/line 41) | FL114104006 | 48.0 | 48.7 | 49.9 | 49.2 | 49.5 | 49.0 | 49.9 | 49.7 | 49.6 |
Notes:
- At market value.
- At replacement (current) cost.
- Durable goods in rental properties.
- Equity in the Farm Credit System.
- Included in households and nonprofit organizations table (S1M.b), miscellaneous other equity.
Last Update: September 11, 2026