Financial Accounts of the United States - Z.1
S1M.t Households and nonprofit organizations 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Personal income | FA156010001 | 23585.0 | 24905.9 | 26099.9 | 25717.7 | 25987.5 | 26269.6 | 26424.9 | 26649.4 | 26905.7 |
| Line 2 | - Personal current taxes | FA156210005 | 2835.7 | 2988.2 | 3233.8 | 3154.0 | 3200.9 | 3268.4 | 3311.7 | 3219.8 | 3263.5 |
| Line 3 | = Disposable personal income | FA156012005 | 20749.3 | 21917.7 | 22866.2 | 22563.7 | 22786.6 | 23001.2 | 23113.2 | 23429.6 | 23642.2 |
| Line 4 | - Personal outlays | FA156900005 | 19590.0 | 20724.4 | 21819.4 | 21400.4 | 21646.3 | 21988.1 | 22242.8 | 22514.0 | 22989.8 |
| Line 5 | = Personal saving, NIPA(2) | FA156007015 | 1159.2 | 1193.2 | 1046.8 | 1163.3 | 1140.3 | 1013.1 | 870.4 | 915.6 | 652.4 |
| Line 6 | + Government insurance and pension reserves(3) | FA313154015 | -1.4 | -0.8 | -0.5 | -0.9 | -0.7 | 0.5 | -1.0 | -0.3 | -0.4 |
| Line 7 | - Contr. for govt. soc. insur., U.S.-affiliated areas | FA156600075 | 6.4 | 6.5 | 6.7 | 6.7 | 6.7 | 6.7 | 6.8 | 7.0 | 7.0 |
| Line 8 | + Net investment in consumer durables | FA155111005 | 328.4 | 344.6 | 402.7 | 419.2 | 420.4 | 395.1 | 376.2 | 388.7 | 395.1 |
| Line 9 | + Consumption of fixed capital | FA156300005 | 2480.9 | 2567.0 | 2625.9 | 2566.9 | 2600.9 | 2651.8 | 2684.0 | 2714.6 | 2774.2 |
| Line 10 | - Net capital transfers paid | FA155440005 | -100.1 | -49.2 | -5.6 | -82.9 | 21.4 | 20.0 | 19.0 | 24.1 | 22.3 |
| Line 11 | = Gross saving less net capital transfers paid | FA156000105 | 4060.9 | 4146.7 | 4073.8 | 4224.8 | 4132.9 | 4033.7 | 3903.7 | 3987.6 | 3792.0 |
| Line 12 | Gross investment | FA155090005 | 4967.7 | 5291.1 | 4703.2 | 5397.2 | 4395.5 | 5143.3 | 3876.7 | 5813.8 | 5409.4 |
| Line 13 | Capital expenditures | FA155050005 | 3140.6 | 3293.4 | 3407.8 | 3379.6 | 3405.6 | 3417.8 | 3428.1 | 3454.5 | 3528.9 |
| Line 14 | Consumer durable goods | FA155111003 | 1960.9 | 2033.3 | 2114.8 | 2087.1 | 2115.1 | 2125.9 | 2131.0 | 2168.2 | 2225.2 |
| Line 15 | Residential | FA155012005 | 905.0 | 971.3 | 985.2 | 989.1 | 982.7 | 982.5 | 986.3 | 969.4 | 983.0 |
| Line 16 | Nonprofit nonresidential | FA165013005 | 290.8 | 306.0 | 326.2 | 321.2 | 325.9 | 328.0 | 329.7 | 336.1 | 339.9 |
| Line 17 | Nonproduced nonfinancial assets | FA155420003 | -16.1 | -17.1 | -18.3 | -17.8 | -18.1 | -18.5 | -18.9 | -19.2 | -19.3 |
| Line 18 | Net lending (+) or net borrowing (-) | FA155000005 | 1827.1 | 1997.7 | 1295.4 | 2017.6 | 989.9 | 1725.4 | 448.7 | 2359.3 | 1880.5 |
| Line 19 | Net acquisition of financial assets | FA154090005 | 2387.5 | 2573.1 | 1995.4 | 2527.8 | 1829.4 | 2507.8 | 1116.6 | 3128.9 | 2951.7 |
| Line 20 | Checkable deposits and currency | FA153020005 | -151.4 | 31.1 | 1084.6 | 680.8 | 607.7 | -50.5 | 3100.4 | 951.6 | 335.9 |
| Line 21 | Time and savings deposits | FA153030005 | -450.9 | -83.5 | -644.8 | -12.4 | 308.5 | 283.6 | -3158.7 | 175.8 | 71.3 |
| Line 22 | Other deposits | FA153030505 | -0.9 | 5.8 | 9.7 | 7.6 | 7.4 | 20.7 | 3.2 | 19.0 | 6.9 |
| Line 23 | Debt securities | FA154022005 | 978.6 | 43.6 | -55.6 | 227.7 | 436.9 | -154.8 | -732.2 | -1323.7 | 531.7 |
| Line 24 | Treasury securities | FA153061105 | 781.1 | 41.2 | 248.7 | 519.3 | 403.7 | 160.3 | -88.5 | -39.1 | 738.1 |
| Line 25 | Agency- and GSE-backed securities | FA153061705 | 21.2 | 57.3 | -132.8 | -441.9 | -151.1 | -13.0 | 74.7 | -376.1 | 90.2 |
| Line 26 | Municipal securities | FA153062005 | 96.7 | 96.4 | 97.4 | 107.3 | 263.8 | 78.3 | -59.8 | 74.1 | 222.1 |
| Line 27 | Corporate and foreign bonds | FA153063005 | 79.7 | -151.4 | -268.9 | 43.1 | -79.5 | -380.5 | -658.6 | -982.7 | -518.7 |
| Line 28 | Loans | FA154035005 | -55.9 | 23.2 | 43.8 | 35.4 | 73.8 | 144.1 | -78.0 | 307.6 | -184.3 |
| Line 29 | Consumer credit (student loans) | FA163066223 | -0.3 | -4.0 | -2.8 | -1.1 | -1.0 | -1.3 | -7.9 | -2.9 | -2.4 |
| Line 30 | Mortgages | FA153065005 | -0.9 | -3.6 | -8.3 | -7.5 | -6.8 | -10.5 | -8.4 | -7.7 | -7.3 |
| Line 31 | Other loans and advances(4) | FA153069005 | -54.7 | 30.8 | 54.9 | 43.9 | 81.6 | 155.9 | -61.7 | 318.2 | -174.6 |
| Line 32 | Corporate equities(5) | FA153064105 | 448.7 | 1404.9 | 824.0 | 845.1 | -273.8 | 1648.5 | 1076.4 | 2016.1 | 1352.7 |
| Line 33 | Miscellaneous other equity | FA153081115 | 279.0 | 91.8 | 69.5 | 143.8 | 67.6 | 47.1 | 19.7 | 154.2 | 56.8 |
| Line 34 | Money market fund shares | FA153034005 | 927.2 | 669.5 | 601.3 | 608.8 | 269.8 | 574.7 | 952.0 | 502.5 | 317.2 |
| Line 35 | Mutual fund shares | FA153064205 | -206.7 | -126.2 | -301.5 | -286.4 | -103.2 | -319.7 | -496.7 | -41.3 | -242.7 |
| Line 36 | Hedge fund shares | FA153064705 | -107.2 | -70.7 | -30.1 | -51.5 | -31.5 | -12.6 | -24.8 | 30.8 | 86.6 |
| Line 37 | Private debt fund shares | FA153064505 | 22.6 | 10.9 | 5.9 | 6.4 | 12.3 | 20.6 | -15.9 | -23.3 | 4.6 |
| Line 38 | Life insurance reserves | FA153040005 | 22.4 | 58.3 | -44.6 | -16.0 | -6.0 | -76.1 | -80.2 | 41.2 | 30.6 |
| Line 39 | Pension entitlements(6) | FA153050005 | 556.9 | 386.0 | 311.1 | 205.4 | 343.4 | 275.3 | 420.3 | 246.8 | 236.9 |
| Line 40 | Trade receivables | FA163070005 | 36.9 | 36.5 | 36.1 | 36.1 | 36.1 | 36.1 | 36.1 | 36.4 | 36.4 |
| Line 41 | Miscellaneous assets | FA153090005 | 88.0 | 91.9 | 85.8 | 96.9 | 80.5 | 70.7 | 95.1 | 35.3 | 311.2 |
| Line 42 | Net increase in liabilities | FA154190005 | 560.3 | 575.4 | 700.0 | 510.3 | 839.5 | 782.3 | 668.0 | 769.6 | 1071.2 |
| Line 43 | Debt securities (municipal securities) | FA163162003 | 2.3 | 8.8 | 16.4 | 8.2 | 25.1 | 13.2 | 19.0 | 13.2 | 24.0 |
| Line 44 | Loans | FA154135005 | 536.3 | 548.6 | 665.0 | 473.1 | 798.9 | 763.1 | 624.8 | 719.8 | 1036.7 |
| Line 45 | Depository institution loans n.e.c.(7) | FA153168005 | -21.0 | 10.2 | 64.5 | -7.1 | 82.6 | 62.1 | 120.5 | 183.0 | 105.4 |
| Line 46 | Consumer credit | FA153166000 | 129.8 | 98.0 | 107.2 | 65.4 | 142.3 | 113.7 | 107.4 | 130.4 | 146.9 |
| Line 47 | One-to-four-family residential mortgages(8) | FA153165105 | 379.3 | 368.9 | 397.8 | 346.4 | 488.4 | 477.7 | 278.7 | 285.6 | 614.5 |
| Line 48 | Commercial mortgages | FA163165505 | 37.6 | 16.9 | 32.2 | 16.7 | 33.4 | 46.0 | 32.8 | 44.3 | 16.1 |
| Line 49 | Other loans and advances | FA153169005 | 10.5 | 54.5 | 63.2 | 51.8 | 52.3 | 63.6 | 85.4 | 76.6 | 153.9 |
| Line 50 | Trade payables | FA163170005 | 19.3 | 17.9 | 17.2 | 17.2 | 17.2 | 17.2 | 17.2 | 17.8 | 17.8 |
| Line 51 | Deferred and unpaid life insurance premiums | FA543077073 | 2.4 | 0.2 | 1.4 | 11.7 | -1.7 | -11.2 | 7.0 | 18.8 | -7.3 |
| Line 52 | Discrepancy | FA157005005 | -906.8 | -1144.4 | -629.4 | -1172.4 | -262.6 | -1109.6 | 27.0 | -1826.3 | -1617.4 |
Notes:
- Sector includes domestic hedge funds (through 2012q3), private equity funds, and personal trusts. The supplementary balance sheet of nonprofit organizations (table S15.b) shows estimates of annual year-end outstandings of nonprofit organizations.
- See the derivation of measures of personal saving table (S1P.t).
- Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
- Includes nonmarketable Treasury securities, cash accounts at brokers and dealers, and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds (through 2012q3).
- Directly held corporate equities, including shares of closed-end funds, exchange-traded funds, real estate investment trusts, business development companies, and interval and tender offer funds.
- Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes Social Security.
- Includes loans extended by the Federal Reserve to financial institutions such as hedge funds through the Term Asset-Backed Securities Loan Facility (TALF I).
- Includes loans made under home equity lines of credit and home equity loans secured by junior liens (see the one-to-four-family residential mortgages table, F4.5a.t, home equity loans included above).
Last Update: September 11, 2026