Financial Accounts of the United States - Z.1
Data Tables - Balance sheets and changes in net worth
Balance sheets and changes in net worth
| Title | Balance Sheets | Changes in Net Worth |
|---|---|---|
| Households and nonprofit organizations | S1M.b | S1M.r |
| Nonfinancial corporate business | S11.1.b | S11.1.r |
| Nonfinancial noncorporate business | S11.2.b | S11.2.r |
S1M.b/S1M.r: Balance sheet of households and nonprofit organizations
This table was previously numbered B.101/R.101 prior to the new numbering scheme implemented in the June 11, 2026, release of the Z.1, "Financial Accounts of the Unites States."
This table presents the entire balance sheet of the households and nonprofit organizations sector (see table S15.b for a description of the sector). In contrast to table S1M.s, the balance sheet includes nonfinancial assets and net worth.
Nonfinancial assets include owner-occupied real estate, as well as commercial real estate, equipment and intellectual property products owned by nonprofit organizations, and consumer durable goods. In addition to primary residences, owner-occupied real estate includes farmhouses, mobile homes, second homes that are not rented, vacant homes for sale, and vacant land. Real estate is recorded at market value, while other nonfinancial assets are recorded at replacement (current) cost.
Assets held in Individual Retirement Accounts (IRAs) and assets held in 529 College Plans are identified as separate memo items. Both are included in the assets shown on the household balance sheet. Section 529 plans are formally known as "qualified tuition programs" and they are generally administered by states. There are two types of 529 college plans: the prepaid tuition plans (tuition credits are purchased for the beneficiary) and college savings plans (contributions are made to an investment account and distributions are used for qualified educational expenses). Both are presented as separate memo sub-items. A December 18, 2015, FEDS Note, "Introducing Section 529 Plans into the U.S. Financial Accounts and Enhanced Financial Accounts," by Madeline McCullers and Irina Stefanescu describes these data in more detail and is available at http://www.federalreserve.gov/econresdata/notes/feds-notes/2015/introducing-section-529-plans-into-the-us-financial-accounts-and-enhanced-financial-accounts-20151218.html.
A memo item shows the structure components of real estate at replacement cost. Also presented as memo items are household net worth as a percentage of disposable personal income, owners'-equity in household real estate, and owners'-equity as a percentage of household real estate.
S11.1.b/S11.1.r: Balance sheet of nonfinancial corporate business
This table was previously numbered B.103/R.103 prior to the new numbering scheme implemented in the June 11, 2026, release of the Z.1, "Financial Accounts of the Unites States."
This table presents the entire balance sheet of the nonfinancial corporate business sector (see table S11.1.t or S11.1.s for a description of the sector). In contrast to table S11.1.s, the balance sheet includes nonfinancial assets and net worth.
Nonfinancial assets include real estate, equipment and software, and inventories. Real estate is recorded at market value, while other nonfinancial assets are recorded at replacement (current) cost. Through 1992, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues. Memo items show total corporate equities outstanding at market value, detail for public and private issues, foreign direct investment: equity, and three ratios: equities to net worth, debt to equities, and debt to net worth. Additional memo items show the structure components of real estate at replacement cost and nonfinancial assets at historical cost.
S11.2.b/S11.2.r: Balance sheet of nonfinancial noncorporate business
This table was previously numbered B.104/R.104 prior to the new numbering scheme implemented in the June 11, 2026, release of the Z.1, "Financial Accounts of the Unites States."
This table presents the entire balance sheet of the nonfinancial noncorporate business sector (see table S11.2.t or S11.2.s for a description of the sector). In contrast to table S11.2.s, the balance sheet includes nonfinancial assets and net worth.
Nonfinancial assets include real estate, equipment and software, and inventories. Real estate is recorded at market value while other nonfinancial assets are recorded at replacement (current) cost. A memo item shows the structure components of real estate at replacement cost. Debt to net worth is also presented as a memo item.