Financial Accounts of the United States - Z.1
S1P.t Derivation of measures of personal saving 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net acquisition of financial assets | FA174090005 | 2753.8 | 2959.4 | 2638.6 | 2962.7 | 2457.5 | 3123.7 | 2010.6 | 4181.2 | 3501.8 |
| Line 2 | Checkable deposits and currency | FA173020005 | -143.3 | 58.7 | 1114.9 | 704.0 | 638.3 | -22.2 | 3139.4 | 1005.3 | 366.9 |
| Line 3 | Time and savings deposits | FA173030005 | -425.5 | -14.1 | -535.6 | 74.1 | 418.8 | 386.8 | -3022.0 | 342.1 | 166.5 |
| Line 4 | Other deposits | FA153030505 | -0.9 | 5.8 | 9.7 | 7.6 | 7.4 | 20.7 | 3.2 | 19.0 | 6.9 |
| Line 5 | Debt securities | FA174022005 | 975.7 | 48.5 | -52.4 | 224.6 | 442.8 | -152.4 | -724.4 | -1311.7 | 538.7 |
| Line 6 | Treasury securities | FA173061105 | 777.8 | 46.0 | 251.7 | 515.7 | 409.2 | 162.8 | -80.9 | -27.6 | 745.1 |
| Line 7 | 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 8 | Municipal securities | FA173062005 | 97.0 | 96.6 | 97.6 | 107.7 | 264.2 | 78.2 | -59.6 | 74.7 | 222.1 |
| Line 9 | Corporate and foreign bonds | FA153063005 | 79.7 | -151.4 | -268.9 | 43.1 | -79.5 | -380.5 | -658.6 | -982.7 | -518.7 |
| Line 10 | Loans | FA174035005 | -50.8 | 26.0 | 48.3 | 38.9 | 78.3 | 148.3 | -72.5 | 314.4 | -180.5 |
| Line 11 | Corporate equities(2) | FA153064105 | 448.7 | 1404.9 | 824.0 | 845.1 | -273.8 | 1648.5 | 1076.4 | 2016.1 | 1352.7 |
| Line 12 | Money market fund shares | FA173034005 | 929.7 | 676.1 | 611.7 | 617.0 | 280.2 | 584.5 | 965.0 | 518.3 | 326.2 |
| Line 13 | Mutual fund shares | FA153064205 | -206.7 | -126.2 | -301.5 | -286.4 | -103.2 | -319.7 | -496.7 | -41.3 | -242.7 |
| Line 14 | Hedge fund shares | FA153064705 | -107.2 | -70.7 | -30.1 | -51.5 | -31.5 | -12.6 | -24.8 | 30.8 | 86.6 |
| Line 15 | Private debt fund shares | FA153064505 | 22.6 | 10.9 | 5.9 | 6.4 | 12.3 | 20.6 | -15.9 | -23.3 | 4.6 |
| Line 16 | Trade receivables | FA163070005 | 36.9 | 36.5 | 36.1 | 36.1 | 36.1 | 36.1 | 36.1 | 36.4 | 36.4 |
| Line 17 | Life insurance reserves | FA153040005 | 22.4 | 58.3 | -44.6 | -16.0 | -6.0 | -76.1 | -80.2 | 41.2 | 30.6 |
| Line 18 | Pension entitlements | FA153050005 | 556.9 | 386.0 | 311.1 | 205.4 | 343.4 | 275.3 | 420.3 | 246.8 | 236.9 |
| Line 19 | Miscellaneous and other assets | FA173099005 | 695.1 | 458.7 | 641.1 | 557.4 | 614.5 | 585.9 | 806.7 | 987.1 | 772.0 |
| Line 20 | Gross investment in nonfinancial assets | FA175050005 | 3755.1 | 3922.2 | 4032.0 | 4033.3 | 4022.7 | 4028.2 | 4043.7 | 4080.4 | 4163.7 |
| Line 21 | Residential fixed investment | FA175012005 | 1098.0 | 1166.9 | 1175.6 | 1189.1 | 1179.8 | 1168.1 | 1165.3 | 1154.5 | 1168.6 |
| Line 22 | Nonresidential fixed investment | FA175013005 | 702.5 | 730.6 | 751.7 | 739.7 | 747.2 | 755.7 | 764.4 | 778.7 | 798.4 |
| Line 23 | Consumer durables | FA155111003 | 1960.9 | 2033.3 | 2114.8 | 2087.1 | 2115.1 | 2125.9 | 2131.0 | 2168.2 | 2225.2 |
| Line 24 | Nonproduced nonfinancial assets | FA155420003 | -16.1 | -17.1 | -18.3 | -17.8 | -18.1 | -18.5 | -18.9 | -19.2 | -19.3 |
| Line 25 | Inventories | FA115020005 | 9.8 | 8.6 | 8.2 | 35.2 | -1.2 | -3.0 | 1.9 | -1.7 | -9.2 |
| Line 26 | Consumption of fixed capital | FA176300005 | 2954.5 | 3062.4 | 3144.9 | 3074.6 | 3113.8 | 3175.5 | 3215.7 | 3251.9 | 3319.3 |
| Line 27 | Residential fixed investment | FA176320005 | 763.6 | 788.3 | 824.9 | 811.9 | 820.1 | 828.4 | 839.3 | 849.9 | 850.2 |
| Line 28 | Nonresidential fixed investment | FA176330005 | 558.4 | 585.4 | 607.9 | 594.8 | 599.0 | 616.3 | 621.5 | 622.5 | 639.0 |
| Line 29 | Consumer durables | FA156300103 | 1632.5 | 1688.7 | 1712.1 | 1667.9 | 1694.6 | 1730.8 | 1754.9 | 1779.5 | 1830.1 |
| Line 30 | Net investment in nonfinancial assets(3) | FA172010005 | 800.6 | 859.8 | 887.1 | 958.7 | 908.9 | 852.7 | 828.0 | 828.6 | 844.4 |
| Line 31 | Residential fixed investment | FA175012865 | 334.4 | 378.6 | 350.6 | 377.2 | 359.7 | 339.7 | 325.9 | 304.6 | 318.4 |
| Line 32 | Nonresidential fixed investment | FA175013865 | 144.1 | 145.2 | 143.8 | 144.9 | 148.1 | 139.4 | 142.8 | 156.2 | 159.4 |
| Line 33 | Consumer durables | FA155111005 | 328.4 | 344.6 | 402.7 | 419.2 | 420.4 | 395.1 | 376.2 | 388.7 | 395.1 |
| Line 34 | Nonproduced nonfinancial assets | FA155420003 | -16.1 | -17.1 | -18.3 | -17.8 | -18.1 | -18.5 | -18.9 | -19.2 | -19.3 |
| Line 35 | Inventories | FA115020005 | 9.8 | 8.6 | 8.2 | 35.2 | -1.2 | -3.0 | 1.9 | -1.7 | -9.2 |
| Line 36 | Net increase in liabilities | FA174190005 | 1067.6 | 1086.2 | 1440.7 | 1060.7 | 1571.9 | 1484.9 | 1645.5 | 1811.5 | 1710.9 |
| Line 37 | Consumer credit | FA153166000 | 129.8 | 98.0 | 107.2 | 65.4 | 142.3 | 113.7 | 107.4 | 130.4 | 146.9 |
| Line 38 | Private credit loans | FA113167205 | 15.3 | 33.6 | 41.0 | 33.0 | 41.3 | 46.8 | 43.1 | 19.8 | 19.9 |
| Line 39 | One-to-four-family residential mortgages | FA173165105 | 389.8 | 393.6 | 424.3 | 369.4 | 520.9 | 509.5 | 297.3 | 304.7 | 654.3 |
| Line 40 | Other mortgages | FA173165205 | 187.4 | 150.1 | 210.7 | 134.0 | 167.0 | 259.1 | 282.9 | 189.3 | 136.1 |
| Line 41 | Other loans and advances | FA173169005 | 26.2 | 80.7 | 87.5 | 50.5 | 63.2 | 80.3 | 155.8 | 83.6 | 160.7 |
| Line 42 | Other liabilities | FA173199005 | 319.1 | 330.1 | 570.0 | 408.4 | 637.0 | 475.5 | 759.1 | 1083.7 | 593.1 |
| Line 43 | Net capital transfers paid | FA175440005 | -100.1 | -58.1 | -13.3 | -113.4 | 21.4 | 20.0 | 18.7 | -74.9 | 22.3 |
| Line 44 | Personal saving, FOF concept (FOF) | FA176007025 | 2386.7 | 2674.9 | 2071.7 | 2747.3 | 1816.0 | 2511.5 | 1211.8 | 3123.3 | 2657.6 |
| Line 45 | - 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 46 | - Government insurance and pension fund reserves(4) | FA313154015 | -1.4 | -0.8 | -0.5 | -0.9 | -0.7 | 0.5 | -1.0 | -0.3 | -0.4 |
| Line 47 | + 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 48 | = Personal saving, NIPA concept (FOF)(5) | FA176007005 | 2066.1 | 2337.7 | 1676.2 | 2335.7 | 1403.0 | 2122.7 | 843.4 | 2741.8 | 2269.9 |
| Line 49 | Personal saving, NIPA concept (NIPA) | FA156007015 | 1159.2 | 1193.2 | 1046.8 | 1163.3 | 1140.3 | 1013.1 | 870.4 | 915.6 | 652.4 |
| Line 50 | Difference | FA176007085 | 906.8 | 1144.4 | 629.4 | 1172.4 | 262.6 | 1109.6 | -27.0 | 1826.3 | 1617.4 |
| Memo: | |||||||||||
| Line 51 | Disposable personal income (DPI) | FA156012005 | 20749.3 | 21917.7 | 22866.2 | 22563.7 | 22786.6 | 23001.2 | 23113.2 | 23429.6 | 23642.2 |
| Personal saving as a percentage of DPI: | |||||||||||
| Line 52 | FOF concept (FOF data) (line 44) | FA176007026 | 11.50 | 12.20 | 9.06 | 12.18 | 7.97 | 10.92 | 5.24 | 13.33 | 11.24 |
| Line 53 | NIPA concept (FOF data) (line 48) | FA176007006 | 9.96 | 10.67 | 7.33 | 10.35 | 6.16 | 9.23 | 3.65 | 11.70 | 9.60 |
| Line 54 | NIPA concept (NIPA data) (line 49) | FA156007016 | 5.59 | 5.44 | 4.58 | 5.16 | 5.00 | 4.40 | 3.77 | 3.91 | 2.76 |
| Line 55 | Difference (line 50) | FA176007086 | 4.37 | 5.22 | 2.75 | 5.20 | 1.15 | 4.82 | -0.12 | 7.79 | 6.84 |
Notes:
- Consolidated statement for households and nonprofit organizations and nonfinancial noncorporate business.
- 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.
- Gross investment in nonfinancial assets less consumption of fixed capital.
- Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
- Personal saving, NIPA concept (FOF) and personal saving, NIPA concept (NIPA) are conceptually equivalent but measure saving using different data. Personal saving, NIPA concept (FOF) is net acquisition of financial assets net of government insurance and pension fund reserves (net acquisition of financial assets less government insurance and pension fund reserves ) and including contributions for government social insurance to U.S.-affiliated areas, plus net investment in nonfinancial assets net of consumer durables (net investment in nonfinancial assets less net investment in consumer durables ) less net increase in liabilities plus net capital transfers paid. Personal saving, NIPA concept (NIPA) is disposable personal income (DPI) less personal outlays (table S1M.t).
Last Update: September 11, 2026