Financial Accounts of the United States - Z.1
S11.1.i.q Nonfinancial corporate business 🕮 PDF
Billions of dollars
| Line | Description | Series | 2024:Q2 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA106902501 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA106300003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA106902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA106025005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA106020001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA106401001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA106240101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA106402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA106140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA106402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Property income received, net | FA106150175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Net national income/Balance of primary incomes, net | FA106140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Less: Current taxes on income, wealth, etc. (paid) | FA106220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Less: Other current transfers (paid) | FA106403001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Equals: Disposable income, net | FA106012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Equals: Net saving | FA106012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 17 | Net saving less capital transfers | FA106006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Net saving | FA106012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Less: Capital transfers paid (net) | FA105440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Capital formation, net | FA105050985 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Gross fixed capital formation (acquisition of produced nonfinancial assets) | FA105019085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Less: Consumption of fixed capital | FA106300003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Acquisition of nonproduced nonfinancial assets | FA105420095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Change in private inventories | FA105020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Net lending (+) or borrowing (-), capital account (lines 17-20) | FA105000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 26 | Net lending (+) or borrowing (-) (line 25) | FA105000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Net acquisition of financial assets | FA104090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Currency and deposits | FA104000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Currency and transferable deposits | FA103020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Time and savings deposits | FA103030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Other deposits | FA103091003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Debt securities | FA104022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Open market paper | FA103069100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Treasury securities | FA103061103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Agency- and GSE-backed securities | FA103061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Municipal securities | FA103062003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Corporate and foreign bonds (held by equity REITs) | FA123063003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Loans | FA104035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Short-term | FA104041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Long-term | FA103065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Equity and investment fund shares | FA103081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Money market fund shares | FA103034000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Corporate equities | FA103064103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Mutual fund shares | FA103064203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | U.S. direct investment abroad: equity | FA103092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Equity in government-sponsored enterprises | FA103092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Insurance, pension and standardized guarantee schemes | FA103076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Other accounts receivable | FA103096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Trade receivables | FA103070005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | U.S. direct investment abroad: debt | FA103092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | PPP subsidies receivable | FA103072005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Other investment in finance company subsidiaries | FA103094705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Tarif refund receivable | FA313190603 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Other (miscellaneous assets) | FA103093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Net incurrence of liabilities | FA104194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Debt securities | FA104122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Open market paper | FA103169100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Municipal securities | FA103162000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Corporate bonds | FA103163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Loans | FA104135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Short-term | FA104141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Depository institution loans n.e.c. | FA103168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Other loans and advances | FA103169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Long-term (mortgages) | FA103165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Equity and investment fund shares | FA103181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Corporate equities | FA103164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Foreign direct investment in the U.S.: equity | FA103192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Insurance, pension and standardized guarantee schemes | FA103152025 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Pension fund contributions payable | FA573074005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Claim of pension fund on sponsor | FA573073005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Other accounts payable | FA103196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Trade payables | FA103170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Taxes payable | FA103178005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Foreign direct investment in the U.S.: debt | FA103192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Miscellaneous liabilities | FA103193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 76 | Net lending (+) or borrowing (-), financial account (lines 27-54) | FA105000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 77 | Total other volume changes | FV108090105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Disaster losses | FV102010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Other volume changes | FV108090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Less: Statistical discrepancy | FU107005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Less: Inventory valuation adjustment | FU105020601 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 82 | Nonfinancial assets | FR102010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Real estate | FR105035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Equipment | FR105015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Intellectual property products | FR105013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Inventories | FR105020015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Financial assets | FR104090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Debt securities | FR104022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Corporate equities | FR103064103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Mutual fund shares | FR103064203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Direct investment abroad: equity | FR103092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | U.S. direct investment abroad: debt | FR103092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Other accounts receivable (miscellaneous assets) | FR103093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Liabilities | FR104194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Corporate equity | FR103164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Foreign direct investment in the U.S.: equity | FR103192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Insurance, pension and standardized guarantee schemes | FR103152025 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Foreign direct investment in the U.S.: debt | FR103192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Other accounts payable (miscellaneous liabilities) | FR103193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Changes in net worth due to nominal holding gains/losses | FR102090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 101 | Change in net worth | FC102090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 102 | Total assets | FL102000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Nonfinancial assets | LM102010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Real estate | LM105035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Equipment | LM105015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Intellectual property products | LM105013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Inventories | LM105020015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Financial assets | FL104090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Currency and deposits | FL104000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Currency and transferable deposits | FL103020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Time and savings deposits | FL103030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Other deposits | FL103091003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Debt securities | LM104022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Open market paper | FL103069100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Treasury securities | LM103061103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Agency- and GSE-backed securities | LM103061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Municipal securities | LM103062003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Corporate and foreign bonds (held by equity REITs) | LM123063003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Loans | FL104035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Short-term | FL104041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Security repurchase agreements | FL102051003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Consumer credit | FL103066003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Long-term (mortgages) | FL103065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Equity and investment fund shares | FL103081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Money market fund shares | FL103034000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Corporate equities | LM103064103 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Mutual fund shares | LM103064203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | U.S. direct investment abroad: equity | LM103092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Equity in government-sponsored enterprises | FL103092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Insurance, pension and standardized guarantee schemes | FL103076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Other accounts receivable | FL103096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Trade receivables | FL103070005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | U.S. direct investment abroad: debt | FL103092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | PPP subsidies payable | FL103072005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Other investment in finance company subsidiaries | FL103094705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Tariff refund receivable | FL313190603 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Other (miscellaneous assets) | FL103093005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Total liabilities and net worth | FL102100085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Liabilities | FL104194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Debt securities | FL104122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | Open market paper | FL103169100 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Municipal securities | FL103162000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Corporate bonds | FL103163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 144 | Loans | FL104135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 145 | Short-term | FL104141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 146 | Depository institution loans n.e.c. | FL103168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 147 | Other loans and advances | FL103169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 148 | Long-term (mortgages) | FL103165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 149 | Equity and investment fund shares | FL103181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 150 | Corporate equity | LM103164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 151 | Foreign direct investment in the U.S.: equity | LM103192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 152 | Insurance, pension and standardized guarantee schemes | FL103152025 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 153 | Pension fund contributions payable | FL573074005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 154 | Claim of pension fund on sponsor | FL573073005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 155 | Other accounts payable | FL103196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 156 | Trade payables | FL103170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 157 | Taxes payable | FL103178005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 158 | Foreign direct investment in the U.S.: debt | FL103192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 159 | Miscellaneous liabilities | FL103193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 160 | Net worth | FL102090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- 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 2004:Q4.
- Net equity in reserves of property-casualty insurance companies.
- 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 4), total other volume changes, and changes in net worth due to nominal holding gains or losses.
- Excludes nonproduced nonfinancial assets.
Last Update: 2026-05-22