Financial Accounts of the United States - Z.1
F4.5c.t Commercial mortgages 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net borrowing | FA893065505 | 129.8 | 63.4 | 122.5 | -12.3 | 70.6 | 148.9 | 172.0 | 98.4 | 175.9 |
| Line 2 | Nonprofit organizations(1) | FA163165505 | 37.6 | 17.6 | 30.4 | 4.9 | 15.1 | 35.5 | 43.8 | 27.1 | 30.8 |
| Line 3 | Nonfinancial corporate business | FA103165505 | 40.7 | 25.9 | 52.9 | -23.5 | 40.5 | 71.9 | 72.7 | 26.4 | 106.2 |
| Line 4 | Nonfinancial noncorporate business | FA113165505 | 51.5 | 19.9 | 39.2 | 6.2 | 15.0 | 41.5 | 55.5 | 44.8 | 39.0 |
| Line 5 | Net change in assets | FA893065505 | 129.8 | 63.4 | 122.5 | -12.3 | 70.6 | 148.9 | 172.0 | 98.4 | 175.9 |
| Line 6 | Household sector | FA153065505 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 |
| Line 7 | Nonfinancial corporate business | FA103065505 | 15.0 | 3.5 | -1.6 | 1.4 | 0.3 | 0.1 | 0.5 | -7.3 | -4.2 |
| Line 8 | Nonfinancial noncorporate business | FA113065503 | 1.4 | 0.7 | 1.1 | 0.9 | 0.8 | 1.1 | 1.1 | 1.5 | 1.4 |
| Line 9 | Federal government | FA313065505 | 4.4 | 4.1 | 4.3 | 5.2 | 5.7 | 0.0 | 9.4 | 2.1 | 2.5 |
| Line 10 | State and local governments | FA213065503 | -2.5 | 0.4 | 1.2 | 0.4 | 1.1 | 1.1 | 1.2 | 1.2 | 0.0 |
| Line 11 | U.S.-chartered depository institutions | FA763065505 | 85.9 | 18.8 | 38.3 | -7.8 | 2.1 | 40.0 | 30.2 | 80.9 | 62.7 |
| Line 12 | Foreign banking offices in U.S. | FA753065503 | 4.0 | 2.5 | 2.5 | 0.4 | -9.3 | 11.3 | -2.6 | 10.7 | 8.4 |
| Line 13 | Banks in U.S.-affiliated areas | FA743065505 | 0.6 | 0.5 | 0.1 | 0.8 | -0.8 | 0.4 | 0.5 | 0.4 | -1.6 |
| Line 14 | Credit unions | FA473065503 | 11.6 | 10.5 | 11.8 | 13.4 | 11.6 | 13.3 | 14.2 | 8.2 | 10.5 |
| Line 15 | Property-casualty insurance companies | FA513065505 | 2.5 | -0.5 | 0.6 | -2.4 | -1.5 | 3.7 | 0.7 | -0.5 | 0.9 |
| Line 16 | Life insurance companies | FA543065505 | 14.6 | 19.0 | 4.4 | 8.1 | -12.4 | 26.5 | -4.7 | 8.0 | 0.1 |
| Line 17 | Private pension funds | FA573065505 | 5.6 | 2.6 | 2.9 | 2.7 | 3.0 | 3.4 | 2.0 | 3.2 | 2.2 |
| Line 18 | State and local govt. pension funds | FA223065545 | -0.6 | 0.1 | 0.2 | 1.0 | -0.1 | 0.2 | -0.1 | 0.9 | 0.2 |
| Line 19 | Agency- and GSE-backed mortgage pools | FA413065505 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 20 | ABS issuers | FA673065505 | 6.9 | 20.7 | 55.9 | -10.3 | 78.1 | 44.3 | 118.4 | -17.2 | 94.1 |
| Line 21 | Finance companies | FA613065503 | -2.3 | -0.8 | 2.2 | 0.6 | -0.4 | -0.5 | 8.0 | 1.7 | 1.4 |
| Line 22 | Mortgage REITs | FA643065573 | -17.3 | -18.8 | -1.6 | -26.7 | -7.6 | 3.9 | -6.9 | 4.3 | -2.8 |
Note:
- Liability of the households and nonprofit organizations sector (table S1M.t).
Last Update: June 11, 2026