Financial Accounts of the United States - Z.1
F.101 Households and nonprofit organizations1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Personal income | FA156010001 | 23585.0 | 24905.9 | 26119.0 | 25021.7 | 25322.4 | 25717.7 | 25987.5 | 26269.6 | 26501.2 |
| Line 2 | - Personal current taxes | FA156210005 | 2835.7 | 2988.2 | 3236.6 | 3019.1 | 3072.9 | 3154.0 | 3200.9 | 3268.4 | 3323.0 |
| Line 3 | = Disposable personal income | FA156012005 | 20749.3 | 21917.7 | 22882.4 | 22002.6 | 22249.5 | 22563.7 | 22786.6 | 23001.2 | 23178.2 |
| Line 4 | - Personal outlays | FA156900005 | 19590.0 | 20724.4 | 21821.0 | 20875.3 | 21197.1 | 21400.4 | 21646.3 | 21988.1 | 22249.1 |
| Line 5 | = Personal saving, NIPA2 | FA156007015 | 1159.2 | 1193.2 | 1061.5 | 1127.2 | 1052.4 | 1163.3 | 1140.3 | 1013.1 | 929.2 |
| Line 6 | + Government insurance and pension reserves3 | FA313154015 | -1.4 | -1.1 | -1.6 | -0.7 | 0.1 | -2.0 | -1.8 | -0.6 | -2.1 |
| Line 7 | - Contr. for govt. soc. insur., U.S.-affiliated areas | FA156600075 | 6.4 | 6.5 | 6.7 | 6.5 | 6.5 | 6.7 | 6.7 | 6.7 | 6.8 |
| Line 8 | + Net investment in consumer durables | FA155111005 | 328.4 | 344.6 | 402.5 | 343.4 | 392.9 | 419.2 | 420.4 | 395.1 | 375.2 |
| Line 9 | + Consumption of fixed capital | FA156300005 | 2480.9 | 2567.0 | 2626.0 | 2580.7 | 2599.3 | 2566.9 | 2600.9 | 2651.8 | 2684.4 |
| Line 10 | - Net capital transfers paid4 | FA155440005 | -100.1 | -49.2 | -5.5 | -52.2 | -75.1 | -82.9 | 21.4 | 20.0 | 19.5 |
| Line 11 | = Gross saving less net capital transfers paid | FA156000105 | 4060.9 | 4146.4 | 4087.1 | 4096.4 | 4113.3 | 4223.7 | 4131.8 | 4032.6 | 3960.3 |
| Line 12 | Gross investment | FA155090005 | 4668.4 | 5249.4 | 4854.9 | 5777.4 | 4907.0 | 5559.8 | 4308.7 | 4833.7 | 4717.3 |
| Line 13 | Capital expenditures | FA155050005 | 3140.6 | 3293.4 | 3408.2 | 3292.4 | 3381.1 | 3379.6 | 3405.6 | 3417.8 | 3429.8 |
| Line 14 | Consumer durable goods | FA155111003 | 1960.9 | 2033.3 | 2114.5 | 2038.7 | 2100.6 | 2087.1 | 2115.1 | 2125.9 | 2130.1 |
| Line 15 | Residential | FA155012005 | 905.0 | 971.3 | 985.9 | 966.6 | 985.2 | 989.1 | 982.7 | 982.5 | 989.3 |
| Line 16 | Nonprofit nonresidential | FA165013005 | 290.8 | 306.0 | 326.1 | 304.4 | 312.8 | 321.2 | 325.9 | 328.0 | 329.3 |
| Line 17 | Nonproduced nonfinancial assets | FA155420003 | -16.1 | -17.1 | -18.3 | -17.3 | -17.6 | -17.8 | -18.1 | -18.5 | -18.9 |
| Line 18 | Net lending (+) or net borrowing (-) | FA155000005 | 1527.8 | 1956.0 | 1446.7 | 2485.0 | 1525.9 | 2180.2 | 903.1 | 1415.9 | 1287.5 |
| Line 19 | Net acquisition of financial assets | FA154090005 | 2093.1 | 2593.1 | 2171.8 | 3091.8 | 2222.8 | 2627.6 | 1760.2 | 2299.0 | 2000.3 |
| Line 20 | Checkable deposits and currency | FA153020005 | -153.3 | 187.4 | 1298.6 | -81.5 | 212.2 | 833.1 | 561.9 | -161.6 | 3961.2 |
| Line 21 | Time and savings deposits | FA153030005 | -460.2 | -39.5 | -600.3 | 73.6 | 15.6 | 46.4 | 408.2 | 335.9 | -3191.5 |
| Line 22 | Other deposits | FA153030505 | -0.8 | 5.8 | 11.7 | 12.7 | -3.6 | 7.6 | 11.0 | 20.1 | 7.9 |
| Line 23 | Money market fund shares | FA153034005 | 932.5 | 679.6 | 611.4 | 705.5 | 1093.2 | 557.6 | 269.9 | 639.0 | 979.1 |
| Line 24 | Debt securities | FA154022005 | 1040.1 | 46.7 | -281.0 | 785.1 | -462.9 | -290.7 | 412.6 | -445.0 | -801.0 |
| Line 25 | Treasury securities | FA153061105 | 811.2 | 145.0 | 219.9 | 360.5 | -107.7 | 174.3 | 637.7 | -60.7 | 128.5 |
| Line 26 | Agency- and GSE-backed securities | FA153061705 | 15.6 | 70.2 | -127.2 | -50.4 | 378.1 | -461.3 | -92.9 | -40.4 | 85.8 |
| Line 27 | Municipal securities | FA153062005 | 94.7 | 93.9 | 101.9 | 89.9 | -61.4 | 92.4 | 286.7 | 75.0 | -46.5 |
| Line 28 | Corporate and foreign bonds | FA153063005 | 118.6 | -262.4 | -475.6 | 385.1 | -672.0 | -96.1 | -418.9 | -418.8 | -968.8 |
| Line 29 | Loans | FA154023005 | -65.0 | 8.1 | 125.6 | 294.0 | -111.7 | 362.2 | 91.4 | 54.3 | -5.6 |
| Line 30 | Other loans and advances5 | FA153069005 | -63.9 | 14.9 | 134.5 | 302.3 | -109.5 | 368.6 | 97.3 | 63.4 | 8.6 |
| Line 31 | Mortgages | FA153065005 | -0.8 | -3.5 | -5.9 | -4.6 | -4.4 | -5.1 | -4.4 | -8.1 | -5.9 |
| Line 32 | Consumer credit (student loans) | FA163066223 | -0.3 | -3.2 | -3.0 | -3.7 | 2.2 | -1.3 | -1.5 | -1.1 | -8.3 |
| Line 33 | Corporate equities6 | FA153064105 | 234.3 | 993.0 | 753.3 | 704.2 | 955.1 | 959.8 | -375.1 | 1604.2 | 824.2 |
| Line 34 | Miscellaneous other equity | FA153081115 | 69.6 | 91.5 | -18.2 | 82.3 | 49.6 | 78.6 | -123.4 | 13.8 | -41.8 |
| Line 35 | Mutual fund shares | FA153064205 | -209.4 | 3.1 | -189.8 | -24.7 | -118.5 | -242.0 | 33.3 | -222.5 | -328.1 |
| Line 36 | Life insurance reserves | FA153040005 | 22.5 | 58.5 | -10.1 | 27.1 | 62.5 | -71.0 | 17.6 | 2.0 | 10.8 |
| Line 37 | Pension entitlements7 | FA153050005 | 557.9 | 430.4 | 351.0 | 365.1 | 436.7 | 243.1 | 334.3 | 350.8 | 475.8 |
| Line 38 | Trade receivables | FA163070005 | 36.9 | 36.5 | 36.1 | 36.5 | 36.5 | 36.1 | 36.1 | 36.1 | 36.1 |
| Line 39 | Miscellaneous assets | FA153090005 | 88.0 | 91.9 | 83.5 | 112.0 | 58.3 | 106.8 | 82.2 | 71.9 | 73.2 |
| Line 40 | Net increase in liabilities | FA154190005 | 565.3 | 637.1 | 725.1 | 606.8 | 696.9 | 447.4 | 857.2 | 883.1 | 712.8 |
| Line 41 | Debt securities (municipal securities) | FA163162003 | 2.3 | 8.4 | 16.2 | 7.1 | 2.3 | 8.2 | 24.6 | 13.2 | 18.7 |
| Line 42 | Loans | FA154123005 | 541.2 | 610.7 | 690.1 | 588.2 | 676.3 | 410.2 | 817.0 | 863.9 | 669.2 |
| Line 43 | One-to-four-family residential mortgages8 | FA153165105 | 367.0 | 367.9 | 390.0 | 425.1 | 336.6 | 340.2 | 475.0 | 471.0 | 273.7 |
| Line 44 | Consumer credit | FA153166000 | 129.8 | 98.9 | 114.2 | 119.1 | 120.4 | 58.2 | 142.7 | 115.3 | 140.5 |
| Line 45 | Depository institution loans n.e.c.9 | FA153168005 | -22.9 | 14.2 | -9.8 | -14.9 | 42.4 | -21.3 | -1.6 | -20.1 | 4.0 |
| Line 46 | Other loans and advances | FA153169005 | 30.6 | 111.1 | 155.3 | 23.9 | 170.2 | 11.0 | 161.9 | 243.0 | 205.1 |
| Line 47 | Commercial mortgages | FA163165505 | 36.8 | 18.5 | 40.5 | 35.0 | 6.7 | 22.1 | 39.0 | 54.7 | 45.9 |
| Line 48 | Trade payables | FA163170005 | 19.3 | 17.9 | 17.2 | 17.9 | 17.9 | 17.2 | 17.2 | 17.2 | 17.2 |
| Line 49 | Deferred and unpaid life insurance premiums | FA543077073 | 2.4 | 0.2 | 1.6 | -6.4 | 0.4 | 11.7 | -1.7 | -11.2 | 7.7 |
| Line 50 | Discrepancy | FA157005005 | -607.5 | -1103.0 | -767.8 | -1681.0 | -793.7 | -1336.2 | -176.9 | -801.1 | -757.0 |
Notes:
- Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary table B.101.n shows estimates of annual year-end outstandings of nonprofit organizations.
- See table F.6 for derivation of alternative measures of personal saving.
- Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
- Table F.5, line 66.
- 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 made under home equity lines of credit and home equity loans secured by junior liens (table F.218, line 24).
- 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).
Last Update: 2026-03-19