Financial Accounts of the United States - Z.1
S11.2.t Nonfinancial noncorporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving = consumption of fixed capital | FA116300005 | 473.7 | 495.4 | 519.0 | 504.0 | 507.7 | 512.9 | 523.7 | 531.7 | 537.0 |
| Line 2 | Gross saving less net capital transfers paid | FA116000105 | 473.7 | 504.3 | 526.7 | 524.7 | 538.2 | 512.9 | 523.7 | 532.0 | 636.0 |
| Line 3 | Gross investment | FA116000105 | 473.7 | 504.3 | 526.7 | 524.7 | 538.2 | 512.9 | 523.7 | 532.0 | 636.0 |
| Line 4 | Capital expenditures | FA115050005 | 614.5 | 628.8 | 624.2 | 617.7 | 653.8 | 617.1 | 610.3 | 615.6 | 624.9 |
| Line 5 | Fixed investment | FA115019005 | 604.7 | 620.2 | 616.0 | 611.3 | 618.6 | 618.3 | 613.3 | 613.7 | 628.6 |
| Line 6 | Change in inventories | FA115020005 | 9.8 | 8.6 | 8.2 | 6.4 | 35.2 | -1.2 | -3.0 | 1.9 | -3.7 |
| Line 7 | Net lending (+) or net borrowing (-) | FA115000005 | -140.9 | -124.4 | -97.5 | -93.0 | -115.5 | -104.2 | -86.6 | -83.6 | 11.1 |
| Line 8 | Net acquisition of financial assets | FA114090005 | 631.3 | 436.4 | 645.4 | 569.0 | 483.8 | 637.1 | 614.3 | 846.3 | 928.1 |
| Line 9 | Checkable deposits and currency | FA113020005 | 8.1 | 26.3 | 32.9 | 32.3 | 25.1 | 32.3 | 31.3 | 42.7 | 41.5 |
| Line 10 | Time and savings deposits | FA113030003 | 25.4 | 65.5 | 101.0 | 84.3 | 76.5 | 99.3 | 96.2 | 131.9 | 129.0 |
| Line 11 | Debt securities | FA114022005 | -2.9 | 4.7 | 2.8 | 18.1 | -3.7 | 5.3 | 2.0 | 7.5 | 9.8 |
| Line 12 | Treasury securities | FA113061003 | -3.3 | 4.5 | 2.5 | 17.6 | -4.1 | 4.9 | 2.1 | 7.3 | 9.3 |
| Line 13 | Municipal securities | FA113062003 | 0.4 | 0.2 | 0.2 | 0.5 | 0.4 | 0.4 | -0.1 | 0.2 | 0.5 |
| Line 14 | Loans | FA114035005 | 5.1 | 2.7 | 4.1 | 3.4 | 3.1 | 4.0 | 3.9 | 5.4 | 5.2 |
| Line 15 | Consumer credit | FA113066003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 16 | Mortgages | FA113065005 | 5.1 | 2.7 | 4.1 | 3.4 | 3.1 | 4.0 | 3.9 | 5.4 | 5.2 |
| Line 17 | Equity investment in GSEs(1) | FA113092405 | 3.2 | 0.8 | 0.6 | 2.1 | -1.3 | 1.1 | 1.0 | 1.7 | -0.7 |
| Line 18 | Money market funds | FA113034003 | 2.5 | 6.2 | 9.6 | 8.0 | 7.3 | 9.4 | 9.1 | 12.5 | 12.2 |
| Line 19 | Trade receivables | FA113070003 | 101.3 | 57.0 | 87.9 | 73.4 | 66.6 | 86.4 | 83.7 | 114.8 | 112.2 |
| Line 20 | Miscellaneous assets | FA113090005 | 488.7 | 273.1 | 406.6 | 347.4 | 310.3 | 399.3 | 387.0 | 529.8 | 618.8 |
| Line 21 | Insurance receivables | FA113076005 | 9.7 | 19.2 | 8.7 | 8.1 | 13.0 | 9.7 | 9.7 | 2.5 | -0.4 |
| Line 22 | PPP subsidies receivable | FA113072003 | -1.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 23 | Tariff refund receivable | FA113090603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 99.0 |
| Line 24 | Other | FA113093005 | 480.8 | 253.9 | 397.9 | 339.3 | 297.3 | 389.6 | 377.3 | 527.3 | 520.2 |
| Line 25 | Net increase in liabilities and equity | FA114194005 | 772.2 | 560.8 | 742.9 | 662.0 | 599.4 | 741.4 | 700.9 | 929.9 | 917.0 |
| Line 26 | Net increase in liabilities | FA114190005 | 493.7 | 465.0 | 682.3 | 598.7 | 496.7 | 660.0 | 644.4 | 928.0 | 830.5 |
| Line 27 | Loans | FA114135005 | 182.4 | 194.6 | 269.7 | 253.4 | 187.8 | 239.5 | 254.4 | 396.9 | 308.2 |
| Line 28 | Depository institution loans n.e.c. | FA113168005 | 11.3 | 9.5 | 34.2 | 39.6 | 39.5 | 56.8 | -12.4 | 52.9 | 134.8 |
| Line 29 | Mortgages | FA113165005 | 160.2 | 158.8 | 211.2 | 178.3 | 149.5 | 171.8 | 250.1 | 273.6 | 166.4 |
| Line 30 | Other loans and advances | FA113169005 | 10.9 | 26.2 | 24.2 | 35.6 | -1.2 | 11.0 | 16.7 | 70.4 | 7.0 |
| Line 31 | Trade payables | FA113170005 | -6.9 | 20.1 | 25.4 | 23.1 | 15.1 | 39.6 | 21.3 | 25.6 | 28.8 |
| Line 32 | Taxes payable | FA113178003 | 7.1 | 8.0 | 12.3 | 10.3 | 9.3 | 12.1 | 11.7 | 16.0 | 15.7 |
| Line 33 | Foreign direct investment: intercompany debt | FA115114305 | -0.6 | -0.3 | 0.9 | -0.5 | 1.0 | 0.9 | 0.6 | 0.9 | 0.3 |
| Line 34 | Miscellaneous liabilities | FA113193003 | 311.6 | 242.7 | 374.0 | 312.3 | 283.4 | 367.8 | 356.3 | 488.5 | 477.5 |
| Line 35 | Net equity issues | FA113181115 | 278.5 | 95.9 | 60.6 | 63.3 | 102.7 | 81.4 | 56.5 | 1.9 | 86.6 |
| Line 36 | Foreign direct investment: equity | FA115114103 | 14.7 | -2.1 | -1.5 | -0.1 | -0.8 | -1.8 | -1.8 | -1.4 | -0.2 |
| Line 37 | Proprietors' net investment | FA112090205 | 263.8 | 97.9 | 62.1 | 63.4 | 103.5 | 83.2 | 58.4 | 3.3 | 86.8 |
Note:
- Equity in the Farm Credit System.
Last Update: June 11, 2026