Financial Accounts of the United States - Z.1
S12.i.a Financial business 🕮 PDF
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA796902505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA796330081 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA796902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA796025005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA796020001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA796401001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA796240101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA796402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA796140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA796402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Property income (received) | FA796150105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Interest | FA796130101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Distributed income of corporations (dividends) | FA796121101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Reinvested earnings on U.S. direct investment abroad | FA793092281 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Less: Uses of property income (paid) | FA796150005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Interest | FA796130001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Distributed income of corporations | FA796120005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Dividends | FA796121001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Withdrawals from income of quasi-corporations(2) | FA796122001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Reinvested earnings on foreign direct investment | FA793192281 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Rents on land and natural resources | FA796112001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Net national income/Balance of primary incomes, net | FA796140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Less: Current taxes on income, wealth, etc. (paid) | FA796220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Less: Other current transfers (paid) | FA796403005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Equals: Disposable income, net | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Equals: Net saving | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 27 | Net saving less capital transfers | FA796006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Net saving | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Less: Capital transfers paid (net) | FA795440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Capital formation, net | FA795015085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Gross fixed capital formation (nonresidential) | FA795013005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Less: Consumption of fixed capital | FA796330081 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 27-30) | FA795000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA795000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Net acquisition of financial assets | FA794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Currency and deposits | FA794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Debt securities | FA794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Open market paper | FA793069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Treasury securities | FA793061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Agency- and GSE-backed securities(3) | FA793061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Municipal securities | FA793062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Corporate and foreign bonds | FA793063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Loans | FA794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Short-term | FA794041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Long-term | FA793065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Equity and investment fund shares | FA793081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Corporate equities | FA793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Money market fund shares | FA793034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Mutual fund shares | FA793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Hedge fund shares | FA793064705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Private debt fund shares | FA793064505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Equity in government-sponsored enterprises(3) | FA793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | U.S. direct investment abroad: equity | FA793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Stock in Federal Reserve Banks | FA713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Equity investment in subsidiaries | FA793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Insurance, pension and standardized guarantee schemes | FA793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Other accounts receivable | FA793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Net incurrence of liabilities | FA794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Currency and deposits | FA794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Debt securities | FA794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Agency- and GSE-backed securities(3) | FA423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Corporate bonds | FA793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Commercial paper | FA793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Loans (short-term) | FA794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Equity and investment fund shares | FA793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Corporate equity issues | FA793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Money market fund shares | FA634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Mutual fund shares | FA653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Hedge fund shares | FA623164703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Private debt fund shares | FA443164503 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Equity in government-sponsored enterprises(3) | FA403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Foreign direct investment in the U.S.: equity | FA793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Equity in noncorporate business | FA662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Equity investment by parent | FA793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Equity in Federal Reserve Banks | FA713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | Equity investment in Federal Reserve facilities | FA503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Insurance, pension and standardized guarantee schemes | FA583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Other accounts payable | FA793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 79 | Net lending (+) or borrowing (-), financial account (lines 35-58) | FA795000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 80 | Total other volume changes | FV798090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Disaster losses | FV795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Other volume changes | FV798090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Less: Statistical discrepancy (lines 33-79)(4) | FU797005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 84 | Nonfinancial assets | FR795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Structures (nonresidential) | FR795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Equipment | FR795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Intellectual property products | FR795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Financial assets | FR794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Currency and deposits | FR794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Debt securities | FR794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Loans | FR794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Corporate equities | FR793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Mutual fund shares | FR793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Hedge fund shares | FR793064705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Private debt fund shares | FR793064505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | U.S. direct investment abroad: equity | FR793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Insurance, pension, and standardized guarantee schemes | FR793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Other accounts receivable | FR793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Liabilities | FR794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Corporate equity issues | FR793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Mutual fund shares | FR653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Hedge fund shares | FR623164703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Private debt fund shares | FR443164503 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Foreign direct investment in the U.S.: equity | FR793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Equity in noncorporate business | FR662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Equity investment by parent | FR793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Insurance, pension and standardized guarantee schemes | FR583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Other accounts payable | FR793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Changes in net worth due to nominal holding gains/losses | FR792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 110 | Change in net worth (lines 30+33+80+109) | FC792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 111 | Total assets | FL792000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Nonfinancial assets(5) | LM795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Structures (nonresidential) | LM795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Equipment | LM795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Intellectual property products | LM795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Financial assets | FL794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Currency and deposits | FL794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Debt securities | FL794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Open market paper | FL793069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Treasury securities | FL793061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Agency- and GSE-backed securities(3) | FL793061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Municipal securities | FL793062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Corporate and foreign bonds | FL793063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Loans | FL794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Short-term | FL794041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Long-term | FL793065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Equity and investment fund shares | FL793081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Corporate equities | LM793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Money market fund shares | FL793034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Mutual fund shares | LM793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Hedge fund shares | LM793064705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Private debt fund shares | LM793064505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Equity in government-sponsored enterprises(3) | FL793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | U.S. direct investment abroad: equity | LM793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Stock in Federal Reserve Banks | FL713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Equity investment in subsidiaries | FL793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Insurance, pension and standardized guarantee schemes | FL793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Other accounts receivable | FL793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Total liabilities and net worth | FL792100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Liabilities | FL794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | Currency and deposits | FL794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Debt securities | FL794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Agency- and GSE-backed securities(3) | FL423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 144 | Corporate bonds | FL793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 145 | Commercial paper | FL793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 146 | Loans (short-term) | FL794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 147 | Equity and investment fund shares | FL793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 148 | Money market fund shares | FL634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 149 | Corporate equity issues | LM793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 150 | Mutual fund shares | LM653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 151 | Hedge fund shares | LM623164703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 152 | Private debt fund shares | LM443164503 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 153 | Equity in government-sponsored enterprises(3) | FL403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 154 | Foreign direct investment in the U.S.: equity | LM793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 155 | Equity in noncorporate business | LM662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 156 | Equity investment by parent | FL793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 157 | Equity in Federal Reserve Banks | FL713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 158 | Equity investment in Federal Reserve facilities | FL503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 159 | Insurance, pension and standardized guarantee schemes | FL583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 160 | Other accounts payable | FL793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 161 | Net worth | FL792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Financial business includes depository institutions, insurance companies, pension funds, the central bank, and other financial institutions. Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.
- 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.
- 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 2004:Q4.
- 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.
- Excludes land. Includes corporate and noncorporate financial business.
Last Update: August 28, 2026