Financial Accounts of the United States - Z.1
S122.i.a Private depository institutions 🕮 PDF
| Line | Description | Series | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current account | |||||||||||
| Line 1 | Gross value added | FA706902505 | 474.6 | 516.4 | 496.9 | 508.4 | 545.4 | 609.4 | 697.4 | 734.6 | |
| Line 2 | Less: Consumption of fixed capital | FA706330081 | 39.1 | 42.7 | 49.2 | 55.0 | 58.7 | 65.9 | 72.5 | 78.2 | |
| Line 3 | Equals: Net value added | FA706902605 | 435.5 | 473.7 | 447.7 | 453.4 | 486.7 | 543.5 | 624.9 | 656.4 | |
| Line 4 | Compensation of employees (paid) | FA706025005 | 183.1 | 208.3 | 211.0 | 226.6 | 240.6 | 249.0 | 262.2 | 263.3 | |
| Line 5 | Wages and salaries | FA706020001 | 155.9 | 176.8 | 180.7 | 196.2 | 208.7 | 215.1 | 224.6 | 223.9 | |
| Line 6 | Employers' social contributions | FA706401001 | 27.2 | 31.5 | 30.3 | 30.4 | 31.9 | 33.9 | 37.6 | 39.4 | |
| Line 7 | Taxes on production and imports less subsidies | FA706240101 | 11.3 | 11.6 | 12.0 | 9.4 | 9.8 | 12.7 | 11.8 | 14.1 | |
| Line 8 | Operating surplus, net | FA706402101 | 241.1 | 253.8 | 224.7 | 217.4 | 236.3 | 281.8 | 350.9 | 379.0 | |
| Line 9 | Net national income/Balance of primary incomes, net | FA706140005 | 184.7 | 125.9 | 85.2 | 171.2 | 105.4 | 140.5 | -0.5 | -3.4 | |
| Line 10 | Operating surplus, net | FA706402101 | 241.1 | 253.8 | 224.7 | 217.4 | 236.3 | 281.8 | 350.9 | 379.0 | |
| Line 11 | Property income (received) | FA706150105 | 307.9 | 346.8 | 400.1 | 316.4 | 252.6 | 337.5 | 557.5 | 643.1 | |
| Line 12 | Interest | FA706130101 | 291.2 | 354.2 | 390.5 | 306.4 | 239.7 | 324.4 | 544.0 | 626.4 | |
| Line 13 | Distributed income of corporations (dividends) | FA706121101 | 2.1 | 2.7 | 2.4 | 1.6 | 1.4 | 2.3 | 4.0 | 4.4 | |
| Line 14 | Reinvested earnings on U.S. direct investment abroad | FA703092281 | 14.6 | -10.1 | 7.2 | 8.4 | 11.5 | 10.8 | 9.5 | 12.3 | |
| Line 15 | Less: Uses of property income (paid) | FA706150005 | 364.3 | 474.7 | 539.6 | 362.6 | 383.5 | 478.8 | 908.9 | 1025.5 | |
| Line 16 | Interest | FA706130001 | 238.4 | 305.0 | 352.3 | 275.6 | 219.7 | 320.7 | 690.6 | 840.3 | |
| Line 17 | Distributed income of corporations | FA706120005 | 121.5 | 164.3 | 181.9 | 83.5 | 155.2 | 151.2 | 212.5 | 178.6 | |
| Line 18 | Dividends | FA706121001 | 121.4 | 164.2 | 181.7 | 83.3 | 155.0 | 151.1 | 212.3 | 178.4 | |
| Line 19 | Withdrawals from income of quasi-corporations(1) | FA706122001 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | |
| Line 20 | Reinvested earnings on foreign direct investment | FA703192281 | 4.4 | 5.4 | 5.4 | 3.5 | 8.6 | 6.9 | 5.8 | 6.6 | |
| Line 21 | Rents on land and natural resources | FA706112001 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Line 22 | Net national income/Balance of primary incomes, net | FA706140005 | 184.7 | 125.9 | 85.2 | 171.2 | 105.4 | 140.5 | -0.5 | -3.4 | |
| Line 23 | Less: Current taxes on income, wealth, etc. (paid) | FA706220001 | 22.9 | 24.0 | 29.4 | 30.2 | 29.6 | 34.8 | 35.6 | 39.5 | |
| Line 24 | Less: Other current transfers (paid) | FA706403001 | 8.6 | 9.1 | 9.8 | 9.4 | 10.2 | 11.7 | 11.8 | 13.9 | |
| Line 25 | Equals: Disposable income, net | FA706012005 | 153.2 | 92.8 | 46.0 | 131.6 | 65.6 | 94.0 | -47.9 | -56.8 | |
| Line 26 | Equals: Net saving | FA706012005 | 153.2 | 92.8 | 46.0 | 131.6 | 65.6 | 94.0 | -47.9 | -56.8 | |
| Capital account | |||||||||||
| Line 27 | Net saving less capital transfers | FA706006385 | 148.6 | 92.8 | 46.0 | 131.6 | 65.6 | 92.0 | -47.9 | -56.8 | |
| Line 28 | Net saving | FA706012005 | 153.2 | 92.8 | 46.0 | 131.6 | 65.6 | 94.0 | -47.9 | -56.8 | |
| Line 29 | Less: Capital transfers paid (net) | FA705440083 | 4.6 | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 | 0.0 | 0.0 | |
| Line 30 | Capital formation, net | FA705015085 | 7.8 | 11.6 | 27.0 | 12.5 | 7.0 | 13.4 | 11.1 | 13.2 | |
| Line 31 | Gross fixed capital formation (nonresidential) | FA705013081 | 46.9 | 54.4 | 76.3 | 67.5 | 65.7 | 79.3 | 83.6 | 91.3 | |
| Line 32 | Less: Consumption of fixed capital | FA706330081 | 39.1 | 42.7 | 49.2 | 55.0 | 58.7 | 65.9 | 72.5 | 78.2 | |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 27-30) | FA705000995 | 140.8 | 81.1 | 18.9 | 119.1 | 58.6 | 78.6 | -59.0 | -69.9 | |
| Financial account | |||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA705000995 | 140.8 | 81.1 | 18.9 | 119.1 | 58.6 | 78.6 | -59.0 | -69.9 | |
| Line 35 | Net acquisition of financial assets | FA704090005 | 895.3 | 287.6 | 870.7 | 3252.1 | 2409.2 | 675.1 | 485.7 | 203.8 | |
| Line 36 | Currency and deposits | FA704000005 | 238.2 | -526.8 | 98.0 | 1520.3 | 665.4 | -953.0 | 489.4 | -342.0 | |
| Line 37 | Debt securities | FA704022005 | 120.1 | 131.3 | 215.3 | 1081.3 | 1347.5 | -21.4 | -446.9 | 126.2 | |
| Line 38 | Open market paper | FA703069175 | -0.0 | 0.2 | 0.5 | 1.6 | -2.1 | -0.2 | -0.1 | 0.1 | |
| Line 39 | Treasury securities | FA703061105 | -37.3 | 124.7 | 126.3 | 302.8 | 467.7 | 58.3 | -100.1 | 197.4 | |
| Line 40 | Agency- and GSE-backed securities(2) | FA703061705 | 168.4 | 57.4 | 110.0 | 693.4 | 606.0 | -229.9 | -201.0 | -10.3 | |
| Line 41 | Municipal securities | FA703062005 | 6.4 | -31.5 | -26.6 | 61.9 | 65.4 | -4.8 | -60.2 | -36.9 | |
| Line 42 | Corporate and foreign bonds | FA703063005 | -17.5 | -19.5 | 5.1 | 21.5 | 210.3 | 155.1 | -85.5 | -24.0 | |
| Line 43 | Loans | FA704035005 | 536.5 | 772.1 | 495.6 | 503.3 | 240.1 | 1433.6 | 485.6 | 437.6 | |
| Line 44 | Short-term | FA704041005 | 320.7 | 601.3 | 278.5 | 418.9 | 28.3 | 766.3 | 207.6 | 299.2 | |
| Line 45 | Long-term | FA703065005 | 215.8 | 170.8 | 217.0 | 84.5 | 211.8 | 667.3 | 278.0 | 138.4 | |
| Line 46 | Equity and investment fund shares | FA703081005 | 13.5 | -3.9 | 10.4 | -7.3 | 18.8 | 30.3 | -6.8 | 15.7 | |
| Line 47 | Corporate equities | FA703064105 | -2.0 | 2.5 | 0.8 | 2.9 | 2.4 | -1.9 | 2.5 | 11.7 | |
| Line 48 | Mutual fund shares | FA703064205 | 0.2 | -3.1 | 1.4 | 2.4 | 3.6 | -3.7 | -1.9 | -1.5 | |
| Line 49 | Hedge fund shares | FA763064703 | -0.5 | -3.7 | 1.5 | -7.7 | 3.1 | 1.1 | -5.6 | 0.8 | |
| Line 50 | Equity in government-sponsored enterprises(2) | FA703092405 | 1.4 | 0.5 | -4.6 | -9.7 | -3.4 | 20.2 | -0.1 | -3.5 | |
| Line 51 | U.S. direct investment abroad: equity | FA763092100 | 13.6 | -1.1 | 11.9 | 4.0 | 11.6 | 13.4 | -2.8 | 7.0 | |
| Line 52 | Stock in Federal Reserve Banks | FA713164003 | 0.9 | 0.9 | -0.6 | 0.7 | 1.5 | 1.1 | 1.1 | 1.1 | |
| Line 53 | Insurance, pension and standardized guarantee schemes | FA763040005 | 6.4 | 3.9 | 6.7 | 6.1 | 13.3 | 6.5 | -2.0 | 4.3 | |
| Line 54 | Other accounts receivable | FA703096105 | -19.4 | -88.9 | 44.8 | 148.5 | 124.1 | 179.1 | -33.6 | -37.9 | |
| Line 55 | Net incurrence of liabilities | FA704194005 | 863.6 | 472.0 | 993.3 | 3240.8 | 2166.6 | 465.2 | 573.9 | 293.8 | |
| Line 56 | Currency and deposits | FA704100005 | 666.0 | 480.7 | 875.1 | 3465.7 | 2201.6 | -102.4 | -49.7 | 400.6 | |
| Line 57 | Debt securities | FA704122005 | -40.4 | -47.7 | 60.8 | 103.1 | -136.6 | 187.8 | 35.6 | -7.7 | |
| Line 58 | Corporate bonds | FA763163005 | -24.6 | -18.0 | 20.9 | 54.8 | -64.8 | 68.2 | -5.5 | -17.6 | |
| Line 59 | Commercial paper | FA703169175 | -15.8 | -29.7 | 39.8 | 48.4 | -71.8 | 119.5 | 41.1 | 9.9 | |
| Line 60 | Loans (short-term) | FA704141005 | 115.0 | -82.5 | -27.8 | -243.0 | -105.8 | 425.8 | 107.6 | -173.5 | |
| Line 61 | Equity and investment fund shares | FA703181105 | 70.6 | 114.7 | 89.8 | 89.4 | 139.5 | -109.8 | 120.6 | 101.3 | |
| Line 62 | Corporate equity issues | FA763164105 | 2.8 | -5.2 | 1.4 | 1.9 | 2.3 | 17.3 | -8.5 | -12.5 | |
| Line 63 | Foreign direct investment in the U.S.: equity | FA753192103 | 10.3 | 12.8 | 5.5 | 8.2 | -2.8 | 12.5 | 12.8 | 14.5 | |
| Line 64 | Equity investment by parent | FA703194605 | 57.5 | 107.1 | 83.0 | 79.4 | 140.0 | -139.7 | 116.3 | 99.3 | |
| Line 65 | Other accounts payable | FA703196005 | 52.3 | 6.8 | -4.6 | -174.4 | 67.9 | 63.8 | 359.8 | -26.8 | |
| Addendum: | |||||||||||
| Line 66 | Net lending (+) or borrowing (-), financial account (lines 35-55) | FA705000005 | 31.7 | -184.4 | -122.5 | 11.3 | 242.6 | 209.9 | -88.2 | -90.0 | |
| Other changes in volume account | |||||||||||
| Line 67 | Total other volume changes | FV708090185 | -101.4 | -275.8 | -180.7 | -103.4 | 193.7 | 151.1 | -19.9 | -16.4 | |
| Line 68 | Disaster losses | FV702010095 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Line 69 | Other volume changes | FV708090085 | 7.7 | -10.3 | -39.3 | 4.5 | 9.6 | 19.8 | 9.3 | 3.6 | |
| Line 70 | Less: Statistical discrepancy (lines 33-66)(3) | FU707005045 | 109.1 | 265.5 | 141.4 | 107.8 | -184.0 | -131.3 | 29.2 | 20.1 | |
| Revaluation account | |||||||||||
| Line 71 | Nonfinancial assets | FR702010095 | 6.8 | 14.7 | 9.2 | 4.8 | 61.6 | 79.5 | 1.5 | 13.3 | |
| Line 72 | Structures (nonresidential) | FR705013665 | 6.9 | 14.8 | 11.2 | 5.2 | 56.5 | 72.8 | 0.2 | 8.8 | |
| Line 73 | Equipment | FR705013265 | 0.3 | 0.6 | -1.0 | 0.4 | 6.6 | 7.0 | 1.8 | 2.1 | |
| Line 74 | Intellectual property products | FR705013765 | -0.4 | -0.8 | -1.0 | -0.8 | -1.5 | -0.3 | -0.5 | 2.4 | |
| Line 75 | Financial assets | FR704090005 | 7.7 | -45.6 | 140.4 | 159.5 | -209.1 | -670.2 | 100.7 | 6.7 | |
| Line 76 | Debt securities | FR704022005 | 13.2 | -47.6 | 118.8 | 92.3 | -148.9 | -690.2 | 157.5 | -8.9 | |
| Line 77 | Corporate equities | FR703064105 | 5.1 | -4.2 | 7.8 | 2.5 | 9.0 | -7.1 | 5.8 | 8.4 | |
| Line 78 | Mutual fund shares | FR703064205 | 0.4 | -0.6 | 1.6 | 2.6 | 2.1 | -4.0 | 2.0 | 1.8 | |
| Line 79 | Hedge fund shares | FR763064703 | 3.2 | -0.7 | 3.8 | 3.5 | 3.2 | -2.0 | 4.0 | 4.6 | |
| Line 80 | U.S. direct investment abroad: equity | FR763092100 | 42.3 | -52.3 | 46.3 | 17.4 | 45.2 | -85.5 | 39.6 | 11.5 | |
| Line 81 | Other accounts receivable | FR703096105 | -56.5 | 59.7 | -38.1 | 41.1 | -119.7 | 118.6 | -108.2 | -10.7 | |
| Line 82 | Liabilities | FR704194005 | 49.6 | -37.8 | 81.8 | -72.3 | 104.4 | -126.1 | 8.0 | 67.4 | |
| Line 83 | Corporate equity issues | FR763164105 | 13.7 | -8.6 | 22.5 | -8.5 | 50.8 | -65.5 | -16.9 | 19.6 | |
| Line 84 | Foreign direct investment in the U.S.: equity | FR753192103 | 35.0 | -29.8 | 59.9 | -63.4 | 54.0 | -59.9 | 25.2 | 47.6 | |
| Line 85 | Equity investment by parent | FR703194605 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Line 86 | Foreign direct investment in the U.S.: debt | FR753192305 | 0.9 | 0.6 | -0.6 | -0.3 | -0.4 | -0.7 | -0.3 | 0.2 | |
| Line 87 | Changes in net worth due to nominal holding gains/losses | FR702090095 | -35.1 | 6.8 | 67.8 | 236.6 | -251.9 | -464.7 | 94.2 | -47.3 | |
| Changes in balance sheet account | |||||||||||
| Line 88 | Change in net worth (lines 30+33+67+87) | FC702090095 | 12.1 | -176.3 | -66.9 | 264.8 | 7.4 | -221.6 | 26.4 | -120.5 | |
| Balance sheet account (end of period) | |||||||||||
| Line 89 | Total assets | FL702000095 | 20510.4 | 20772.9 | 21781.0 | 25211.9 | 27483.5 | 27585.3 | 28187.7 | 28428.6 | |
| Line 90 | Nonfinancial assets(4) | LM702010095 | 432.4 | 463.5 | 504.9 | 525.9 | 598.4 | 696.3 | 713.3 | 744.6 | |
| Line 91 | Structures (nonresidential) | LM705013665 | 291.8 | 308.6 | 325.9 | 334.5 | 390.8 | 464.6 | 465.6 | 474.8 | |
| Line 92 | Equipment | LM705013265 | 96.4 | 103.4 | 114.4 | 120.9 | 132.1 | 146.1 | 152.5 | 162.7 | |
| Line 93 | Intellectual property products | LM705013765 | 44.1 | 51.5 | 64.7 | 70.5 | 75.5 | 85.6 | 95.3 | 107.2 | |
| Line 94 | Financial assets | FL704090005 | 20078.0 | 20309.4 | 21276.0 | 24686.1 | 26885.1 | 26889.0 | 27474.4 | 27683.9 | |
| Line 95 | Currency and deposits | FL704000005 | 3419.0 | 2892.2 | 2990.2 | 4510.4 | 5175.8 | 4232.8 | 4722.3 | 4380.2 | |
| Line 96 | Debt securities | LM704022005 | 4141.8 | 4225.5 | 4559.7 | 5733.3 | 6931.9 | 6220.3 | 5930.9 | 6048.3 | |
| Line 97 | Open market paper | FL703069175 | 0.0 | 0.2 | 0.7 | 2.3 | 0.3 | 0.1 | 0.0 | 0.1 | |
| Line 98 | Treasury securities | LM703061105 | 616.0 | 737.0 | 879.3 | 1203.2 | 1641.2 | 1579.7 | 1514.0 | 1722.7 | |
| Line 99 | Agency- and GSE-backed securities(2) | LM703061705 | 2409.8 | 2449.7 | 2633.5 | 3374.3 | 3881.6 | 3212.8 | 3093.5 | 3060.4 | |
| Line 100 | Municipal securities | LM703062005 | 445.1 | 408.2 | 391.6 | 460.9 | 520.8 | 458.4 | 415.1 | 374.0 | |
| Line 101 | Corporate and foreign bonds | LM703063005 | 670.8 | 630.4 | 654.6 | 692.7 | 888.0 | 969.4 | 908.4 | 891.1 | |
| Line 102 | Loans | FL704035005 | 11332.6 | 12101.7 | 12594.9 | 13101.5 | 13340.5 | 14773.1 | 15257.7 | 15694.3 | |
| Line 103 | Short-term | FL704041005 | 6052.3 | 6661.3 | 6939.8 | 7363.4 | 7391.6 | 8158.0 | 8365.6 | 8664.7 | |
| Line 104 | Long-term | FL703065005 | 5280.2 | 5440.4 | 5655.1 | 5738.1 | 5948.9 | 6615.2 | 6892.1 | 7029.6 | |
| Line 105 | Equity and investment fund shares | FL703081005 | 438.5 | 377.9 | 449.6 | 481.2 | 560.1 | 494.4 | 546.0 | 590.2 | |
| Line 106 | Corporate equities | LM703064105 | 36.5 | 34.9 | 43.5 | 49.0 | 60.4 | 51.4 | 59.7 | 79.8 | |
| Line 107 | Mutual fund shares | LM703064205 | 12.0 | 8.2 | 11.3 | 16.3 | 22.0 | 14.3 | 14.4 | 14.8 | |
| Line 108 | Hedge fund shares | LM763064703 | 32.7 | 28.3 | 33.6 | 29.4 | 35.7 | 34.7 | 33.2 | 38.5 | |
| Line 109 | Equity in government-sponsored enterprises(2) | FL703092405 | 32.6 | 33.1 | 28.5 | 18.8 | 15.4 | 35.6 | 35.5 | 32.0 | |
| Line 110 | U.S. direct investment abroad: equity | LM763092100 | 293.3 | 241.0 | 300.9 | 335.3 | 392.7 | 323.3 | 367.1 | 387.9 | |
| Line 111 | Stock in Federal Reserve Banks | FL713164003 | 31.4 | 32.3 | 31.7 | 32.4 | 33.9 | 35.0 | 36.1 | 37.2 | |
| Line 112 | Insurance, pension and standardized guarantee schemes | FL763040005 | 168.2 | 172.1 | 178.8 | 184.8 | 198.2 | 204.7 | 202.7 | 207.0 | |
| Line 113 | Other accounts receivable | FL703096105 | 578.0 | 540.0 | 502.9 | 674.9 | 678.5 | 963.6 | 814.8 | 763.9 | |
| Line 114 | Total liabilities and net worth | FL702100005 | 20510.4 | 20772.9 | 21781.0 | 25211.9 | 27483.5 | 27585.3 | 28187.7 | 28428.6 | |
| Line 115 | Liabilities | FL704194005 | 20530.9 | 20969.8 | 22044.7 | 25210.9 | 27475.1 | 27798.5 | 28374.5 | 28735.9 | |
| Line 116 | Currency and deposits | FL704100005 | 15597.4 | 16078.1 | 16953.2 | 20418.9 | 22620.5 | 22518.1 | 22468.4 | 22869.0 | |
| Line 117 | Debt securities | FL704122005 | 385.9 | 338.3 | 399.0 | 502.1 | 365.5 | 553.3 | 588.9 | 581.2 | |
| Line 118 | Corporate bonds | FL763163005 | 198.8 | 180.8 | 201.7 | 256.5 | 191.7 | 259.9 | 254.5 | 236.9 | |
| Line 119 | Commercial paper | FL703169175 | 187.2 | 157.5 | 197.3 | 245.7 | 173.8 | 293.4 | 334.4 | 344.3 | |
| Line 120 | Loans (short-term) | FL704141005 | 1362.1 | 1279.5 | 1251.7 | 1008.7 | 902.9 | 1328.7 | 1436.3 | 1262.8 | |
| Line 121 | Equity and investment fund shares | FL703181105 | 2385.1 | 2466.0 | 2618.7 | 2633.9 | 2871.4 | 2620.4 | 2743.4 | 2912.1 | |
| Line 122 | Corporate equity issues | LM763164105 | 118.7 | 104.9 | 125.9 | 119.3 | 172.3 | 124.2 | 98.7 | 105.8 | |
| Line 123 | Foreign direct investment in the U.S.: equity | LM753192103 | 323.8 | 311.4 | 360.1 | 302.6 | 347.0 | 283.9 | 317.3 | 379.6 | |
| Line 124 | Equity investment by parent | FL703194605 | 1942.6 | 2049.7 | 2132.7 | 2212.0 | 2352.0 | 2212.4 | 2327.4 | 2426.7 | |
| Line 125 | Other accounts payable | FL703196005 | 800.4 | 807.8 | 822.1 | 647.4 | 714.8 | 778.0 | 1137.5 | 1110.9 | |
| Line 126 | Net worth | FL702090095 | -20.6 | -196.8 | -263.8 | 1.0 | 8.4 | -213.2 | -186.8 | -307.4 | |
Notes:
- Consists of rental income of tenant-occupied housing and proprietors' income. Quasi-corporations are unincorporated enterprises that function as if they were corporations; they primarily cover their operating costs through sales, and they keep a complete set of financial records.
- Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.
- The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
- Excludes land.
Last Update: September 11, 2026