S12R.i.a Other financial business 🕮 PDF
Line Description Series 2018 2019 2020 2021 2022 2023 2024 2025
Current account
Line 1 Gross value added FA856902505 930.8 1042.5 1066.1 1203.0 1243.1 1213.7 1310.6
Line 2 Less: Consumption of fixed capital FA856330085 145.6 153.1 158.2 166.4 182.3 194.5 205.8 367.7
Line 3 Equals: Net value added FA856902605 785.2 889.4 907.8 1036.5 1060.8 1019.2 1104.8
Line 4 Compensation of employees (paid) FA856025005 615.8 644.3 689.5 755.0 777.5 805.0 860.1
Line 5 Wages and salaries FA856020005 513.9 543.8 588.5 648.4 667.3 683.7 729.8
Line 6 Employers' social contributions FA856401005 102.0 100.5 101.0 106.6 110.2 121.3 130.3
Line 7 Taxes on production and imports less subsidies FA856240105 34.8 36.5 22.9 29.6 44.5 45.6 49.7
Line 8 Operating surplus, net FA856402105 134.6 208.6 195.5 251.9 238.8 168.6 195.0
Line 9 Net national income/Balance of primary incomes, net FA856140005 -496.1 -450.6 -635.0 -645.7 -439.0 -66.1 127.1
Line 10 Operating surplus, net FA856402105 134.6 208.6 195.5 251.9 238.8 168.6 195.0
Line 11 Property income (received) FA856150105 1785.7 1838.9 1417.4 1410.8 2026.0 3041.6 3438.5
Line 12 Interest FA856130105 1322.8 1447.3 1055.2 968.9 1543.8 2562.4 2895.5
Line 13 Distributed income of corporations (dividends) FA856121105 497.1 368.4 340.1 405.8 443.0 484.8 518.1
Line 14 Reinvested earnings on U.S. direct investment abroad FA853092285 -34.2 23.2 22.0 36.1 39.2 -5.6 24.9
Line 15 Less: Uses of property income (paid) FA856150005 2416.4 2498.1 2247.9 2308.4 2703.7 3276.3 3506.5
Line 16 Interest FA856130005 1583.9 1646.7 1315.9 1246.1 1619.9 2179.4 2381.6
Line 17 Distributed income of corporations FA856120005 820.9 839.0 923.0 1038.3 1064.6 1081.6 1107.5
Line 18 Dividends FA856121005 794.0 809.1 863.6 976.0 1005.4 1016.2 1037.1
Line 19 Withdrawals from income of quasi-corporations(2) FA856122005 26.9 29.9 59.4 62.3 59.3 65.4 70.4
Line 20 Reinvested earnings on foreign direct investment FA853192285 11.6 12.4 9.0 24.1 19.1 15.3 17.3
Line 21 Rents on land and natural resources FA856112005 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 22 Net national income/Balance of primary incomes, net FA856140005 -496.1 -450.6 -635.0 -645.7 -439.0 -66.1 127.1
Line 23 Less: Current taxes on income, wealth, etc. (paid) FA856220005 60.5 71.0 68.9 95.5 93.9 90.6 100.6
Line 24 Less: Other current transfers (paid) FA856403005 430.5 439.2 447.0 497.7 509.9 496.0 551.9
Line 25 Equals: Disposable income, net FA856012005 -987.0 -960.8 -1150.9 -1238.9 -1042.8 -652.6 -525.5
Line 26 Equals: Net saving FA856012005 -987.0 -960.8 -1150.9 -1238.9 -1042.8 -652.6 -525.5
 
Capital account
Line 27 Net saving less capital transfers FA856006385 -987.0 -960.8 -1150.9 -1253.7 -1044.5 -652.6 -527.1
Line 28 Net saving FA856012005 -987.0 -960.8 -1150.9 -1238.9 -1042.8 -652.6 -525.5
Line 29 Less: Capital transfers paid (net) FA855440085 0.0 0.0 0.0 14.8 1.7 0.0 1.7
Line 30 Capital formation, net FA855015085 76.3 100.2 68.6 73.0 79.5 101.3 119.0
Line 31 Gross fixed capital formation (nonresidential) FA855013085 221.9 253.3 226.8 239.4 261.8 295.8 324.7
Line 32 Less: Consumption of fixed capital FA856330085 145.6 153.1 158.2 166.4 182.3 194.5 205.8 367.7
Line 33 Net lending (+) or borrowing (-), capital account (lines 27-30) FA855000995 -1063.3 -1061.0 -1219.5 -1326.7 -1124.0 -753.9 -646.1
 
Financial account
Line 34 Net lending (+) or borrowing (-) (line 33) FA855000995 -1063.3 -1061.0 -1219.5 -1326.7 -1124.0 -753.9 -646.1
Line 35 Net acquisition of financial assets FA854090005 1113.0 1906.4 2563.8 2881.8 937.8 2700.0 3140.3 3814.2
Line 36 Currency and deposits FA854000005 -2.7 54.9 166.5 -93.5 85.6 56.3 -10.3 64.3
Line 37 Debt securities FA854022005 680.5 879.1 1588.2 -268.4 -234.8 1955.3 1820.5 1864.7
Line 38 Open market paper FA853069175 -1.8 -18.4 -28.7 -21.0 137.1 -12.6 -9.2 101.9
Line 39 Treasury securities FA853061105 478.0 367.5 1433.6 -248.7 -579.8 1428.6 1142.7 871.7
Line 40 Agency- and GSE-backed securities(3) FA853061705 31.6 271.8 -245.8 -566.4 315.5 450.8 272.7 410.3
Line 41 Municipal securities FA853062005 32.4 110.2 51.6 110.7 -99.9 22.8 77.9 97.5
Line 42 Corporate and foreign bonds FA853063005 140.3 148.0 377.5 457.0 -7.8 65.7 336.6 383.3
Line 43 Loans FA854035005 494.4 551.9 612.5 2486.5 1737.7 236.8 555.8 1224.6
Line 44 Short-term FA854041005 148.9 232.5 -11.1 1526.3 1141.5 -54.2 198.4 810.4
Line 45 Long-term (mortgages) FA813065005 345.5 319.4 623.5 960.1 596.2 291.0 357.4 414.2
Line 46 Equity and investment fund shares FA813081005 224.7 157.7 20.4 634.7 -232.2 248.0 490.4 72.7
Line 47 Corporate equities FA813064105 67.5 -64.9 -206.4 312.8 -12.0 134.1 326.8 -144.6
Line 48 Money market fund shares FA813034005 21.2 111.2 121.2 180.1 -229.7 20.9 61.4 109.9
Line 49 Equity in government-sponsored enterprises(3) FA813092405 -0.2 -0.0 -0.5 -0.0 -0.0 -0.0 -0.0 0.0
Line 50 U.S. direct investment abroad: equity FA803092105 1.9 49.2 27.6 43.0 47.4 35.9 33.4 29.9
Line 51 Equity investment in subsidiaries FA793094605 134.3 62.2 78.4 98.9 -37.8 57.0 68.8 77.4
Line 52 Insurance, pension and standardized guarantee schemes FA733040005 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0
Line 53 Other accounts receivable FA853096005 -287.8 258.8 172.3 118.6 -422.5 199.7 279.8 584.0
Line 54 Net incurrence of liabilities FA854194005 956.6 1762.1 2551.3 2697.9 933.5 2528.6 2888.4 3368.3
Line 55 Currency and deposits FA403197033 -0.2 2.8 4.9 -1.0 -3.9 2.8 1.2 0.9
Line 56 Debt securities FA814122005 302.2 406.2 805.1 857.9 1064.1 457.8 564.1 573.1
Line 57 Agency- and GSE-backed securities(3) FA423161705 246.9 318.6 658.2 612.9 979.4 297.0 298.3 211.8
Line 58 Corporate bonds FA813163005 59.8 53.6 172.2 256.9 21.8 194.3 243.8 270.8
Line 59 Commercial paper FA813169105 -4.4 34.0 -25.4 -11.9 62.9 -33.6 21.9 90.5
Line 60 Loans (short-term) FA814141005 351.6 155.8 137.7 11.3 -97.8 392.7 327.6 870.0
Line 61 Equity and investment fund shares FA853181005 405.3 1111.6 1144.9 1404.0 -103.3 1316.2 1773.5 1383.0
Line 62 Corporate equity issues FA813164105 206.7 179.9 492.9 844.7 518.2 536.1 1048.0 1319.1
Line 63 Money market fund shares FA634090005 169.2 712.8 763.5 439.5 17.6 1134.5 885.6 947.1
Line 64 Mutual fund shares FA653164205 -64.7 207.2 -230.5 217.7 -798.1 -310.8 -168.8 -787.7
Line 65 Equity in government-sponsored enterprises(3) FA403192405 1.1 -3.7 -6.8 -0.9 20.0 4.1 -0.8 -1.3
Line 66 Foreign direct investment in the U.S.: equity FA803192105 46.2 31.6 0.2 20.7 40.3 5.7 26.9 -0.9
Line 67 Equity in noncorporate business FA662090003 9.5 5.2 6.9 15.8 3.7 14.1 16.8 30.4
Line 68 Equity investment by parent FA803194605 37.3 -21.5 6.3 -42.2 100.9 -59.3 -30.2 -120.9
Line 69 Equity investment in Federal Reserve facilities FA503194205 0.0 0.0 112.5 -91.2 -5.9 -8.0 -3.9 -2.6
Line 70 Other accounts payable FA813196005 -102.3 85.6 458.7 425.7 74.4 359.2 222.0 541.3
 
Addendum:
Line 71 Net lending (+) or borrowing (-), financial account (lines 35-54) FA855000005 156.4 144.3 12.5 183.9 4.3 171.4 251.8 445.9
 
Other changes in volume account
Line 72 Total other volume changes FV858090185 1184.2 1138.8 1168.0 1474.3 993.3 845.2 810.4
Line 73 Disaster losses FV812010095 -2.4 0.0 0.0 -0.4 -1.5 0.0 -0.8
Line 74 Other volume changes FV858090085 -33.1 -66.5 -64.0 -35.8 -133.5 -80.0 -86.7
Line 75 Less: Statistical discrepancy (lines 33-71)(4) FU857005045 -1219.7 -1205.3 -1232.0 -1510.6 -1128.4 -925.3 -897.9
 
Revaluation account
Line 76 Nonfinancial assets FR812010095 27.3 17.6 12.0 122.8 138.4 7.4 20.4
Line 77 Structures (nonresidential) FR815013665 25.3 18.5 8.4 87.7 108.3 1.1 13.3 15.1
Line 78 Equipment FR815013265 3.4 0.7 4.2 37.1 29.5 7.2 3.6 16.9
Line 79 Intellectual property products FR815013765 -1.4 -1.5 -0.6 -2.1 0.6 -0.9 3.5 -1.5
Line 80 Financial assets FR854090005 -1631.0 3592.4 2701.9 3300.4 -5658.2 3654.6 3330.0 4547.7
Line 81 Debt securities FR854022005 -213.1 404.2 187.6 -315.4 -1273.8 202.2 -50.2 236.1
Line 82 Corporate equities FR813064105 -1387.7 3188.9 2451.0 3338.0 -4481.0 3324.9 3388.2 4027.9
Line 83 U.S. direct investment abroad: equity FR803092105 -103.3 103.5 41.4 106.2 -201.4 94.1 30.2 244.4
Line 84 Other accounts receivable FR853096005 73.2 -104.2 21.8 171.6 298.0 33.3 -38.2 39.3
Line 85 Liabilities FR854194005 -2135.6 4475.0 2642.1 5200.3 -6558.3 4059.7 4824.9 5501.8
Line 86 Corporate equity issues FR813164105 -924.8 1656.9 529.7 2705.2 -2301.6 1473.8 2494.2 2646.6
Line 87 Mutual fund shares FR653164205 -1164.4 2782.5 2133.6 2428.5 -4077.3 2577.1 2253.8 2738.4
Line 88 Foreign direct investment in the U.S.: equity FR803192105 -48.4 117.9 91.4 155.3 -190.6 130.4 137.6 118.6
Line 89 Equity in noncorporate business FR662090003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 90 Equity investment by parent FR803194605 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 91 Other accounts payable FR813196005 2.1 -82.2 -112.6 -88.8 11.2 -121.7 -60.8 -1.9
Line 92 Changes in net worth due to nominal holding gains/losses FR852090095 531.8 -865.0 71.8 -1777.1 1038.4 -397.7 -1474.6 -923.5
 
Changes in balance sheet account
Line 93 Change in net worth (lines 30+33+72+92) FC852090095 729.0 -687.0 88.9 -1556.5 987.2 -205.1 -1191.3 -432.5
 
Balance sheet account (end of period)
Line 94 Total assets FL852000095 43775.5 49385.4 54590.9 61661.3 57057.2 63471.0 69990.5 78418.9
Line 95 Nonfinancial assets(5) LM812010095 1063.0 1098.1 1105.6 1227.2 1351.3 1364.2 1398.8
Line 96 Structures (nonresidential) LM815013665 493.3 511.2 517.0 599.7 701.3 697.5 705.4 713.7
Line 97 Equipment LM815013265 470.7 481.2 473.2 501.5 505.4 504.4 510.5 534.4
Line 98 Intellectual property products LM815013765 99.0 105.7 115.4 126.1 144.7 162.3 182.9 201.6
Line 99 Financial assets FL854090005 42712.5 48287.3 53485.3 60434.0 55705.9 62106.8 68591.7 76969.3
Line 100 Currency and deposits FL854000005 946.7 1001.5 1168.0 1107.3 1192.9 1241.1 1206.0 1267.5
Line 101 Debt securities FL854022005 9003.3 10304.0 12021.6 11418.8 9910.2 12159.3 13938.0 16037.3
Line 102 Open market paper FL853069175 379.8 377.9 292.2 320.2 458.1 537.4 537.4 638.9
Line 103 Treasury securities FL853061105 2738.8 3176.2 4665.7 4315.8 3393.5 4865.6 5973.9 6937.7
Line 104 Agency- and GSE-backed securities(3) FL853061705 2153.2 2470.2 2214.3 1613.1 1814.1 2292.8 2579.8 3020.8
Line 105 Municipal securities FL853062005 990.4 1131.5 1189.6 1300.7 1065.4 1103.2 1168.2 1260.4
Line 106 Corporate and foreign bonds FL853063005 2741.1 3148.3 3659.7 3869.1 3179.1 3360.3 3678.8 4179.6
Line 107 Loans FL854035005 13976.5 14515.2 15120.5 18171.5 19762.6 19994.2 20585.7 21806.9
Line 108 Short-term FL854041005 5156.6 5389.1 5378.1 7216.2 8213.7 8157.4 8394.7 9205.1
Line 109 Long-term (mortgages) FL813065005 8819.8 9126.0 9742.4 10955.3 11548.9 11836.8 12191.1 12601.9
Line 110 Equity and investment fund shares FL813081005 15797.3 19309.1 21819.5 25939.0 21019.2 24669.8 28587.9 32957.4
Line 111 Corporate equities LM813064105 12504.1 15628.2 17872.7 21565.4 17072.4 20531.4 24246.3 28129.6
Line 112 Money market fund shares FL813034005 429.4 600.8 722.1 902.1 672.5 693.4 754.8 864.7
Line 113 Equity in government-sponsored enterprises(3) FL813092405 0.6 0.6 0.1 0.0 0.0 0.0 0.0 0.0
Line 114 U.S. direct investment abroad: equity FL803092105 484.4 676.8 765.8 908.3 707.9 845.7 923.6 1230.7
Line 115 Equity investment in subsidiaries FL793094605 2378.7 2402.7 2458.9 2563.1 2566.5 2599.3 2663.2 2732.3
Line 116 Insurance, pension and standardized guarantee schemes FL733040005 61.0 65.0 69.0 73.0 77.0 81.0 85.0 89.0
Line 117 Other accounts receivable FL853096005 2927.7 3092.5 3286.7 3724.4 3743.9 3961.4 4188.9 4811.1
Line 118 Total liabilities and net worth FL852100005 43775.5 49385.4 54590.9 61661.3 57057.2 63471.0 69990.5 78418.9
Line 119 Liabilities FL854194005 43837.4 50134.3 55250.9 63877.8 58286.5 64905.3 72616.1 81477.1
Line 120 Currency and deposits FL403197033 7.6 10.4 15.3 14.3 10.4 13.2 14.3 15.2
Line 121 Debt securities FL814122005 12868.6 13267.8 14066.9 15238.5 16301.5 16753.1 17315.8 17887.5
Line 122 Agency- and GSE-backed securities(3) FL423161705 9089.6 9408.3 10066.5 10679.4 11658.8 11955.8 12254.1 12465.9
Line 123 Corporate bonds FL813163005 3457.7 3504.3 3670.5 4241.1 4261.9 4449.9 4692.5 4961.8
Line 124 Commercial paper FL813169105 321.3 355.3 329.9 318.0 380.9 347.4 369.3 459.8
Line 125 Loans (short-term) FL814141005 3160.0 3315.9 3453.6 3569.5 3471.7 3864.3 4192.0 5061.9
Line 126 Equity and investment fund shares FL853181005 25759.5 31416.1 35299.7 41999.2 35360.9 40819.6 47469.2 54351.6
Line 127 Corporate equity issues LM813164105 7088.5 8933.0 9952.0 13501.9 11718.6 13704.1 17239.4 21205.1
Line 128 Money market fund shares FL634090005 3289.7 4002.5 4765.9 5205.5 5223.1 6357.6 7243.2 8190.2
Line 129 Mutual fund shares LM653164205 14669.8 17659.5 19562.6 22208.8 17333.4 19599.7 21684.7 23635.4
Line 130 Equity in government-sponsored enterprises(3) FL403192405 52.2 48.6 41.8 40.9 60.8 64.9 64.1 62.9
Line 131 Foreign direct investment in the U.S.: equity FL803192105 261.0 428.8 530.3 707.3 550.4 694.8 861.5 978.6
Line 132 Equity in noncorporate business LM662090003 78.2 83.5 90.3 106.1 109.8 123.8 140.6 171.0
Line 133 Equity investment by parent FL803194605 320.1 260.3 244.3 207.5 349.6 267.3 232.3 107.5
Line 134 Equity investment in Federal Reserve facilities FL503194205 0.0 0.0 112.5 21.3 15.4 7.4 3.5 0.8
Line 135 Other accounts payable FL813196005 2041.7 2124.0 2415.4 3056.3 3142.0 3455.1 3624.8 4160.9
Line 136 Net worth FL852090095 -62.0 -748.9 -660.0 -2216.5 -1229.3 -1434.3 -2625.6 -3058.2

Notes:

  1. Includes the following sectors as defined in the Financial Accounts of the United States: Money Market Funds; Mutual Funds; Closed-End Funds; Exchange-Traded Funds; Government-Sponsored Enterprises; Agency- and GSE-Backed Mortgage Pools; Issuers of Asset-Backed Securities; Finance Companies; Mortgage REITs; Security Brokers and Dealers; Holding Companies; Other Financial Business.
  2. Consists of rental income of tenant-occupied housing and proprietors' income. Quasi-corporations are unincorporated enterprises that function as if they were corporations; they primarily cover their operating costs through sales, and they keep a complete set of financial records.
  3. Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.
  4. The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
  5. Excludes land. Includes corporate and noncorporate financial business.
Last Update: June 11, 2026