Financial Accounts of the United States - Z.1
S12.i.q Financial business 🕮 PDF
| Line | Description | Series | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | Taxes on production and imports less subsidies | FA796240101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Operating surplus, net | FA796402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Net national income/Balance of primary incomes, net | FA796140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA796402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Property income received, net | FA796150175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Net national income/Balance of primary incomes, net | FA796140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Less: Current taxes on income, wealth, etc. (paid) | FA796220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Less: Other current transfers (paid) | FA796403005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Equals: Disposable income, net | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Equals: Net saving | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 15 | Net saving less capital transfers | FA796006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Net saving | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Less: Capital transfers paid (net) | FA795440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Capital formation, net | FA795015085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Gross fixed capital formation (nonresidential) | FA795013005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Less: Consumption of fixed capital | FA796330081 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Net lending (+) or borrowing (-), capital account (lines 15-18) | FA795000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 22 | Net lending (+) or borrowing (-) (line 21) | FA795000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Net acquisition of financial assets | FA794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Currency and deposits | FA794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Debt securities | FA794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Open market paper | FA793069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Treasury securities | FA793061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Agency- and GSE-backed securities(2) | FA793061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Municipal securities | FA793062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Corporate and foreign bonds | FA793063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Loans | FA794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Equity and investment fund shares | FA793081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Corporate equities | FA793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Money market fund shares | FA793034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Mutual fund shares | FA793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Hedge fund shares | FA793064705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Private debt fund shares | FA793064505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Equity in government-sponsored enterprises(2) | FA793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | U.S. direct investment abroad: equity | FA793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Stock in Federal Reserve Banks | FA713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Equity investment in subsidiaries | FA793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Insurance, pension and standardized guarantee schemes | FA793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Other accounts receivable | FA793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Net incurrence of liabilities | FA794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Currency and deposits | FA794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Debt securities | FA794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Agency- and GSE-backed securities(2) | FA423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Corporate bonds | FA793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Commercial paper | FA793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Loans (short-term) | FA794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Equity and investment fund shares | FA793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Corporate equity issues | FA793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Money market fund shares | FA634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Mutual fund shares | FA653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Hedge fund shares | FA623164703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Private debt fund shares | FA443164503 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Equity in government-sponsored enterprises(2) | FA403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Foreign direct investment in the U.S.: equity | FA793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Equity in noncorporate business | FA662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Equity investment by parent | FA793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Equity in Federal Reserve Banks | FA713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Equity investment in Federal Reserve facilities | FA503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Insurance, pension and standardized guarantee schemes | FA583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Other accounts payable | FA793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 65 | Net lending (+) or borrowing (-), financial account (lines 23-44) | FA795000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 66 | Total other volume changes | FV798090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Disaster losses | FV795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Other volume changes | FV798090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Less: Statistical discrepancy(3) | FU797005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 70 | Nonfinancial assets | FR795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Structures (nonresidential) | FR795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Equipment | FR795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Intellectual property products | FR795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Financial assets | FR794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Currency and deposits | FR794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | Debt securities | FR794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Loans | FR794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Corporate equities | FR793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Mutual fund shares | FR793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Hedge fund shares | FR793064705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Private debt fund shares | FR793064505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | U.S. direct investment abroad: equity | FR793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Insurance, pension, and standardized guarantee schemes | FR793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Other accounts receivable | FR793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Liabilities | FR794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Corporate equity issues | FR793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Mutual fund shares | FR653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Hedge fund shares | FR623164703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Private debt fund shares | FR443164503 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Foreign direct investment in the U.S.: equity | FR793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Equity in noncorporate business | FR662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Equity investment by parent | FR793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Insurance, pension and standardized guarantee schemes | FR583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Other accounts payable | FR793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Changes in net worth due to nominal holding gains/losses | FR792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 96 | Change in net worth(4) | FC792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 97 | Total assets | FL792000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Nonfinancial assets(5) | LM795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Structures (nonresidential) | LM795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Equipment | LM795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Intellectual property products | LM795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Financial assets | FL794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Currency and deposits | FL794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Debt securities | FL794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Open market paper | FL793069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Treasury securities | FL793061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Agency- and GSE-backed securities(2) | FL793061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Municipal securities | FL793062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Corporate and foreign bonds | FL793063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Loans | FL794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Equity and investment fund shares | FL793081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Corporate equities | LM793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Money market fund shares | FL793034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Mutual fund shares | LM793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Hedge fund shares | LM793064705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Private debt fund shares | LM793064505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Equity in government-sponsored enterprises(2) | FL793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | U.S. direct investment abroad: equity | LM793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Stock in Federal Reserve Banks | FL713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Equity investment in subsidiaries | FL793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Insurance, pension and standardized guarantee schemes | FL793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Other accounts receivable | FL793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Total liabilities and net worth | FL792100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Liabilities | FL794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Currency and deposits | FL794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Debt securities | FL794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Agency- and GSE-backed securities(2) | FL423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Corporate bonds | FL793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Commercial paper | FL793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Loans (short-term) | FL794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Equity and investment fund shares | FL793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Corporate equity issues | LM793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Money market fund shares | FL634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Mutual fund shares | LM653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Hedge fund shares | LM623164703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Private debt fund shares | LM443164503 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Equity in noncorporate business | LM662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Equity investment by parent | FL793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Equity in Federal Reserve Banks | FL713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Equity investment in Federal Reserve facilities | FL503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | Insurance, pension and standardized guarantee schemes | FL583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Other accounts payable | FL793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Net worth | FL792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Financial business includes depository institutions, insurance companies and 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.
- 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.
- 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 and reflects differences in source data, timing of recorded transactions, and other statistical differences. The statistical discrepancy shown here is calculated based on non-seasonally adjusted quarterly rate measures of net lending or net borrowing and therefore cannot be calculated from the capital account and financial account measures, which are both presented at seasonally adjusted annual rates.
- The change in net worth is equal to the sum of the non-seasonally adjusted quarterly rate measure of net lending or borrowing from the capital account (not presented, see footnote 3), total other volume changes, and changes in net worth due to nominal holding gains or losses.
- Excludes land. Includes corporate and noncorporate financial business.
Last Update: August 28, 2026