Financial Accounts of the United States - Z.1
S1M.t Households and nonprofit organizations 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Personal income | FA156010001 | 23585.0 | 24905.9 | 26099.9 | 25322.4 | 25717.7 | 25987.5 | 26269.6 | 26424.9 | 26638.7 |
| Line 2 | - Personal current taxes | FA156210005 | 2835.7 | 2988.2 | 3233.8 | 3072.9 | 3154.0 | 3200.9 | 3268.4 | 3311.7 | 3220.1 |
| Line 3 | = Disposable personal income | FA156012005 | 20749.3 | 21917.7 | 22866.2 | 22249.5 | 22563.7 | 22786.6 | 23001.2 | 23113.2 | 23418.6 |
| Line 4 | - Personal outlays | FA156900005 | 19590.0 | 20724.4 | 21819.4 | 21197.1 | 21400.4 | 21646.3 | 21988.1 | 22242.8 | 22554.7 |
| Line 5 | = Personal saving, NIPA(2) | FA156007015 | 1159.2 | 1193.2 | 1046.8 | 1052.4 | 1163.3 | 1140.3 | 1013.1 | 870.4 | 863.9 |
| Line 6 | + Government insurance and pension reserves(3) | FA313154015 | -1.4 | -0.8 | -0.5 | 1.2 | -0.9 | -0.7 | 0.5 | -1.0 | -0.3 |
| Line 7 | - Contr. for govt. soc. insur., U.S.-affiliated areas | FA156600075 | 6.4 | 6.5 | 6.7 | 6.5 | 6.7 | 6.7 | 6.7 | 6.8 | 7.0 |
| Line 8 | + Net investment in consumer durables | FA155111005 | 328.4 | 344.6 | 402.7 | 392.9 | 419.2 | 420.4 | 395.1 | 376.2 | 388.4 |
| Line 9 | + Consumption of fixed capital | FA156300005 | 2480.9 | 2567.0 | 2625.9 | 2599.3 | 2566.9 | 2600.9 | 2651.8 | 2684.0 | 2714.3 |
| Line 10 | - Net capital transfers paid | FA155440005 | -100.1 | -49.2 | -5.6 | -75.1 | -82.9 | 21.4 | 20.0 | 19.0 | 24.1 |
| Line 11 | = Gross saving less net capital transfers paid | FA156000105 | 4060.9 | 4146.7 | 4073.8 | 4114.4 | 4224.8 | 4132.9 | 4033.7 | 3903.7 | 3935.2 |
| Line 12 | Gross investment | FA155090005 | 4885.4 | 5222.3 | 4808.3 | 4860.0 | 5882.6 | 4374.0 | 5113.8 | 3862.9 | 5703.3 |
| Line 13 | Capital expenditures | FA155050005 | 3140.6 | 3293.4 | 3407.8 | 3381.1 | 3379.6 | 3405.6 | 3417.8 | 3428.1 | 3457.2 |
| Line 14 | Consumer durable goods | FA155111003 | 1960.9 | 2033.3 | 2114.8 | 2100.6 | 2087.1 | 2115.1 | 2125.9 | 2131.0 | 2167.9 |
| Line 15 | Residential | FA155012005 | 905.0 | 971.3 | 985.2 | 985.2 | 989.1 | 982.7 | 982.5 | 986.3 | 972.8 |
| Line 16 | Nonprofit nonresidential | FA165013005 | 290.8 | 306.0 | 326.2 | 312.8 | 321.2 | 325.9 | 328.0 | 329.7 | 335.7 |
| Line 17 | Nonproduced nonfinancial assets | FA155420003 | -16.1 | -17.1 | -18.3 | -17.6 | -17.8 | -18.1 | -18.5 | -18.9 | -19.2 |
| Line 18 | Net lending (+) or net borrowing (-) | FA155000005 | 1744.8 | 1928.9 | 1400.5 | 1479.0 | 2503.0 | 968.4 | 1696.0 | 434.9 | 2246.0 |
| Line 19 | Net acquisition of financial assets | FA154090005 | 2323.3 | 2567.0 | 2109.6 | 2166.3 | 2950.3 | 1820.5 | 2566.1 | 1101.5 | 2826.1 |
| Line 20 | Checkable deposits and currency | FA153020005 | -149.4 | 168.4 | 1058.7 | 109.0 | 684.3 | 582.9 | 32.3 | 2935.1 | 875.3 |
| Line 21 | Time and savings deposits | FA153030005 | -450.6 | -63.4 | -692.7 | -2.7 | -10.3 | 342.8 | 270.8 | -3373.9 | 114.0 |
| Line 22 | Other deposits | FA153030505 | -0.8 | 5.8 | 10.8 | -3.6 | 7.6 | 11.0 | 20.7 | 4.0 | 17.5 |
| Line 23 | Debt securities | FA154022005 | 1044.9 | 46.4 | -170.8 | -459.0 | 196.0 | 62.3 | -156.7 | -784.9 | -814.5 |
| Line 24 | Treasury securities | FA153061105 | 814.5 | 147.0 | 276.2 | -92.2 | 546.3 | 381.6 | 115.8 | 60.9 | 241.9 |
| Line 25 | Agency- and GSE-backed securities | FA153061705 | 15.6 | 66.3 | -142.4 | 357.2 | -421.9 | -160.5 | -33.2 | 46.0 | -398.0 |
| Line 26 | Municipal securities | FA153062005 | 96.6 | 95.2 | 99.1 | -63.0 | 94.4 | 272.1 | 81.4 | -51.6 | 116.0 |
| Line 27 | Corporate and foreign bonds | FA153063005 | 118.4 | -262.1 | -403.6 | -661.0 | -22.8 | -430.9 | -320.6 | -840.2 | -774.3 |
| Line 28 | Loans | FA154035005 | -65.1 | 8.1 | 118.9 | -111.8 | 362.2 | 91.4 | 54.2 | -32.0 | 229.3 |
| Line 29 | Consumer credit (student loans) | FA163066223 | -0.3 | -3.2 | -3.0 | 2.2 | -1.3 | -1.5 | -1.1 | -8.3 | -3.1 |
| Line 30 | Mortgages | FA153065005 | -0.9 | -3.6 | -5.9 | -4.5 | -5.1 | -4.4 | -8.1 | -6.0 | -7.6 |
| Line 31 | Other loans and advances(4) | FA153069005 | -63.9 | 14.9 | 127.9 | -109.5 | 368.6 | 97.3 | 63.4 | -17.7 | 240.0 |
| Line 32 | Corporate equities(5) | FA153064105 | 238.8 | 984.9 | 863.5 | 971.3 | 938.7 | -24.3 | 1479.6 | 1060.1 | 1402.4 |
| Line 33 | Miscellaneous other equity | FA153081115 | 277.9 | 114.7 | 92.5 | 98.3 | 149.6 | 87.0 | 78.0 | 55.2 | 125.0 |
| Line 34 | Money market fund shares | FA153034005 | 933.3 | 676.6 | 621.8 | 1089.6 | 551.0 | 259.5 | 632.7 | 1043.8 | 568.4 |
| Line 35 | Mutual fund shares | FA153064205 | -211.1 | 7.2 | -185.2 | -123.5 | -198.3 | 13.4 | -218.8 | -337.0 | -78.5 |
| Line 36 | Life insurance reserves | FA153040005 | 22.5 | 58.5 | -42.8 | 62.5 | -52.2 | -43.2 | -35.7 | -40.3 | 40.9 |
| Line 37 | Pension entitlements(6) | FA153050005 | 557.9 | 431.3 | 327.0 | 441.5 | 202.4 | 335.0 | 316.3 | 454.3 | 274.0 |
| Line 38 | Trade receivables | FA163070005 | 36.9 | 36.5 | 36.1 | 36.5 | 36.1 | 36.1 | 36.1 | 36.1 | 36.4 |
| Line 39 | Miscellaneous assets | FA153090005 | 88.0 | 91.9 | 71.8 | 58.3 | 83.1 | 66.5 | 56.6 | 80.9 | 35.9 |
| Line 40 | Net increase in liabilities | FA154190005 | 578.5 | 638.2 | 709.1 | 687.3 | 447.4 | 852.1 | 870.1 | 666.7 | 580.1 |
| Line 41 | Debt securities (municipal securities) | FA163162003 | 2.3 | 8.4 | 16.2 | 2.3 | 8.3 | 24.6 | 13.2 | 18.7 | 13.2 |
| Line 42 | Loans | FA154135005 | 554.4 | 611.7 | 674.2 | 666.7 | 410.2 | 812.0 | 850.9 | 623.8 | 530.2 |
| Line 43 | Depository institution loans n.e.c.(7) | FA153168005 | -22.9 | 14.1 | -9.8 | 42.1 | -21.1 | -1.5 | -20.1 | 3.6 | 25.0 |
| Line 44 | Consumer credit | FA153166000 | 129.8 | 98.9 | 107.0 | 115.0 | 65.1 | 141.8 | 113.9 | 107.0 | 131.8 |
| Line 45 | One-to-four-family residential mortgages(8) | FA153165105 | 379.3 | 369.9 | 391.7 | 334.5 | 340.1 | 474.3 | 470.3 | 282.0 | 280.4 |
| Line 46 | Commercial mortgages | FA163165505 | 37.6 | 17.6 | 30.4 | 4.9 | 15.1 | 35.5 | 43.8 | 27.1 | 30.8 |
| Line 47 | Other loans and advances | FA153169005 | 30.6 | 111.1 | 155.0 | 170.2 | 11.0 | 161.9 | 243.0 | 204.0 | 62.3 |
| Line 48 | Trade payables | FA163170005 | 19.3 | 17.9 | 17.2 | 17.9 | 17.2 | 17.2 | 17.2 | 17.2 | 17.8 |
| Line 49 | Deferred and unpaid life insurance premiums | FA543077073 | 2.4 | 0.2 | 1.4 | 0.4 | 11.7 | -1.7 | -11.2 | 7.0 | 18.8 |
| Line 50 | Discrepancy | FA157005005 | -824.5 | -1075.6 | -734.6 | -745.7 | -1657.8 | -241.1 | -1080.1 | 40.8 | -1768.0 |
Notes:
- Sector includes domestic hedge funds, private equity funds, and personal trusts. The supplementary balance sheet of nonprofit organizations (table S15.b) shows estimates of annual year-end outstandings of nonprofit organizations.
- See the derivation of measures of personal saving table (S1P.t).
- Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
- Includes nonmarketable Treasury securities, cash accounts at brokers and dealers, and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.
- Directly held corporate equities, including closed-end fund, exchange-traded fund, and real estate investment trust shares.
- Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes Social Security.
- Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF I).
- Includes loans made under home equity lines of credit and home equity loans secured by junior liens (see the one-to-four-family residential mortgages table, F4.5a.t, line 24).
Last Update: June 11, 2026