Financial Accounts of the United States - Z.1
S11.2.b Nonfinancial noncorporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Assets | FL112000005 | 28115.7 | 28837.6 | 29829.7 | 28837.6 | 28901.4 | 29113.2 | 29595.3 | 29829.7 | 30276.9 |
| Line 2 | Nonfinancial assets | LM112010005 | 18729.0 | 19015.5 | 19359.1 | 19015.5 | 18956.3 | 19008.7 | 19336.3 | 19359.1 | 19574.8 |
| Line 3 | Real estate(1) | LM115035005 | 16837.3 | 17029.7 | 17307.6 | 17029.7 | 16956.1 | 17002.2 | 17271.3 | 17307.6 | 17463.1 |
| Line 4 | Residential | LM115035023 | 10206.3 | 10315.8 | 10408.4 | 10315.8 | 10326.5 | 10408.1 | 10393.4 | 10408.4 | 10427.7 |
| Line 5 | Nonresidential | LM115035035 | 6631.0 | 6713.9 | 6899.2 | 6713.9 | 6629.6 | 6594.1 | 6877.8 | 6899.2 | 7035.4 |
| Line 6 | Equipment(2) | LM115015205 | 1124.4 | 1161.7 | 1167.4 | 1161.7 | 1152.7 | 1156.4 | 1164.7 | 1167.4 | 1173.3 |
| Line 7 | Residential(3) | LM115012265 | 89.0 | 89.9 | 95.1 | 89.9 | 88.9 | 92.7 | 94.1 | 95.1 | 95.4 |
| Line 8 | Nonresidential | LM115013265 | 1035.4 | 1071.8 | 1072.2 | 1071.8 | 1063.7 | 1063.6 | 1070.6 | 1072.2 | 1077.9 |
| Line 9 | Intellectual property products (2) | LM115013765 | 449.5 | 484.9 | 510.3 | 484.9 | 488.3 | 492.0 | 500.0 | 510.3 | 519.5 |
| Line 10 | Inventories(2) | LM115020005 | 317.8 | 339.1 | 373.9 | 339.1 | 359.2 | 358.1 | 400.3 | 373.9 | 418.9 |
| Line 11 | Financial assets | FL114090005 | 9386.6 | 9822.1 | 10470.7 | 9822.1 | 9945.1 | 10104.6 | 10259.0 | 10470.7 | 10702.1 |
| Line 12 | Checkable deposits and currency | FL113020005 | 492.0 | 518.3 | 551.2 | 518.3 | 524.6 | 532.7 | 540.5 | 551.2 | 561.6 |
| Line 13 | Time and savings deposits | FL113030003 | 1453.0 | 1518.6 | 1619.6 | 1518.6 | 1537.7 | 1562.5 | 1586.6 | 1619.6 | 1651.8 |
| Line 14 | Money market fund shares | FL113034003 | 137.8 | 144.0 | 153.6 | 144.0 | 145.9 | 148.2 | 150.5 | 153.6 | 156.7 |
| Line 15 | Debt securities | LM114022005 | 84.8 | 88.7 | 94.6 | 88.7 | 89.8 | 91.2 | 92.6 | 94.6 | 96.4 |
| Line 16 | Treasury securities | LM113061003 | 81.1 | 84.8 | 90.4 | 84.8 | 85.8 | 87.2 | 88.6 | 90.4 | 92.2 |
| Line 17 | Municipal securities | LM113062003 | 3.7 | 3.9 | 4.2 | 3.9 | 4.0 | 4.0 | 4.1 | 4.2 | 4.2 |
| Line 18 | Loans | FL114035005 | 58.9 | 61.6 | 65.7 | 61.6 | 62.4 | 63.4 | 64.3 | 65.7 | 67.0 |
| Line 19 | Mortgages | FL113065005 | 58.9 | 61.6 | 65.7 | 61.6 | 62.4 | 63.4 | 64.3 | 65.7 | 67.0 |
| 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 | 19.1 | 18.8 | 19.1 | 19.3 | 19.8 | 19.6 |
| Line 22 | Trade receivables | FL113070003 | 1264.4 | 1321.4 | 1409.3 | 1321.4 | 1338.1 | 1359.7 | 1380.6 | 1409.3 | 1437.4 |
| Line 23 | Miscellaneous assets | FL113090005 | 5877.3 | 6150.4 | 6557.0 | 6150.4 | 6227.9 | 6327.8 | 6424.5 | 6557.0 | 6711.7 |
| Line 24 | Insurance receivables | FL113076005 | 172.4 | 191.6 | 200.3 | 191.6 | 194.8 | 197.2 | 199.6 | 200.3 | 200.2 |
| 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 | 0.0 | 24.8 |
| Line 27 | Other | FL113093005 | 5705.0 | 5958.8 | 6356.7 | 5958.8 | 6033.1 | 6130.6 | 6224.9 | 6356.7 | 6486.7 |
| Line 28 | Total liabilities and equity | FL114194005 | 28115.7 | 28837.6 | 29829.7 | 28837.6 | 28901.4 | 29113.2 | 29595.3 | 29829.7 | 30276.9 |
| Line 29 | Liabilities | FL114190005 | 12343.3 | 12808.2 | 13504.1 | 12808.2 | 12932.0 | 13097.9 | 13259.0 | 13504.1 | 13711.2 |
| Line 30 | Loans | FL114135005 | 7579.3 | 7773.5 | 8057.0 | 7773.5 | 7819.3 | 7881.3 | 7941.9 | 8057.0 | 8133.0 |
| Line 31 | Depository institution loans n.e.c. | FL113168005 | 1723.4 | 1732.9 | 1767.1 | 1732.9 | 1740.0 | 1758.3 | 1755.2 | 1767.1 | 1798.3 |
| Line 32 | Other loans and advances | FL113169005 | 472.5 | 498.8 | 537.1 | 498.8 | 500.2 | 500.8 | 502.2 | 537.1 | 540.4 |
| Line 33 | Mortgages | FL113165005 | 5383.4 | 5541.9 | 5752.9 | 5541.9 | 5579.2 | 5622.1 | 5684.5 | 5752.9 | 5794.3 |
| Line 34 | Trade payables | FL113170005 | 824.8 | 844.8 | 870.3 | 844.8 | 849.3 | 858.2 | 866.7 | 870.3 | 878.0 |
| Line 35 | Taxes payable | FL113178003 | 236.8 | 244.8 | 257.1 | 244.8 | 247.1 | 250.1 | 253.0 | 257.1 | 261.0 |
| Line 36 | Foreign direct investment: intercompany debt | LM115114305 | 3.6 | 3.5 | 4.2 | 3.5 | 3.9 | 4.0 | 3.9 | 4.2 | 4.3 |
| Line 37 | Miscellaneous liabilities | FL113193003 | 3698.9 | 3941.5 | 4315.6 | 3941.5 | 4012.4 | 4104.4 | 4193.4 | 4315.6 | 4435.0 |
| Line 38 | Total equity | FL113181115 | 15772.4 | 16029.5 | 16325.7 | 16029.5 | 15969.4 | 16015.4 | 16336.3 | 16325.7 | 16565.7 |
| Line 39 | Foreign direct investment: equity | LM115114103 | 107.9 | 120.9 | 179.1 | 120.9 | 124.3 | 145.9 | 165.9 | 179.1 | 186.8 |
| Line 40 | Equity in noncorporate business(5) | LM112090205 | 15664.5 | 15908.6 | 16146.6 | 15908.6 | 15845.1 | 15869.5 | 16170.4 | 16146.6 | 16378.9 |
| Memo: | |||||||||||
| Line 41 | Net worth (assets minus liabilities) | FL112090005 | 15772.4 | 16029.5 | 16325.7 | 16029.5 | 15969.4 | 16015.4 | 16336.3 | 16325.7 | 16565.7 |
| Replacement-cost value of structures: | |||||||||||
| Line 42 | Residential | FL115012665 | 5387.5 | 5575.6 | 5747.4 | 5575.6 | 5641.8 | 5677.8 | 5733.5 | 5747.4 | 5810.1 |
| Line 43 | Nonresidential | FL115013665 | 3121.6 | 3187.9 | 3452.5 | 3187.9 | 3245.4 | 3285.0 | 3360.4 | 3452.5 | 3530.2 |
| Line 44 | Debt/net worth (percent) (line 29/line 40) | FL114104006 | 48.1 | 48.5 | 49.4 | 48.5 | 49.0 | 49.2 | 48.6 | 49.4 | 49.1 |
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), line 23.
Last Update: June 11, 2026