Financial Accounts of the United States - Z.1
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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 | 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 | 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 | Equity in government-sponsored enterprises | FA793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | U.S. direct investment abroad: equity | FA793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Stock in Federal Reserve Banks | FA713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Equity investment in subsidiaries | FA793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Insurance, pension and standardized guarantee schemes | FA793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Other accounts receivable | FA793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Net incurrence of liabilities | FA794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Currency and deposits | FA794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Debt securities | FA794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Agency- and GSE-backed securities | FA423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Corporate bonds | FA793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Commercial paper | FA793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Loans (short-term) | FA794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Equity and investment fund shares | FA793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Corporate equity issues | FA793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Money market fund shares | FA634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Mutual fund shares | FA653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Equity in government-sponsored enterprises | FA403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Foreign direct investment in the U.S.: equity | FA793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Equity in noncorporate business | FA662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Equity investment by parent | FA793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Equity in Federal Reserve Banks | FA713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Equity investment in Federal Reserve facilities | FA503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Insurance, pension and standardized guarantee schemes | FA583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Other accounts payable | FA793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 61 | Net lending (+) or borrowing (-), financial account (lines 23-42) | FA795000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 62 | Total other volume changes | FV798090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Disaster losses | FV795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Other volume changes | FV798090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Less: Statistical discrepancy | FU797005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 66 | Nonfinancial assets | FR795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Structures (nonresidential) | FR795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Equipment | FR795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Intellectual property products | FR795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Financial assets | FR794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Currency and deposits | FR794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Debt securities | FR794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Loans | FR794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Corporate equities | FR793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Mutual fund shares | FR793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | U.S. direct investment abroad: equity | FR793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Insurance, pension, and standardized guarantee schemes | FR793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Other accounts receivable | FR793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | Liabilities | FR794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Corporate equity issues | FR793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Mutual fund shares | FR653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Foreign direct investment in the U.S.: equity | FR793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Equity in noncorporate business | FR662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Equity investment by parent | FR793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Insurance, pension and standardized guarantee schemes | FR583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Other accounts payable | FR793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Changes in net worth due to nominal holding gains/losses | FR792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 85 | Change in net worth | FC792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 86 | Total assets | FL792000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Nonfinancial assets | LM795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Structures (nonresidential) | LM795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Equipment | LM795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Intellectual property products | LM795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Financial assets | FL794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Currency and deposits | FL794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Debt securities | FL794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Open market paper | FL793069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Treasury securities | FL793061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Agency- and GSE-backed securities | FL793061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Municipal securities | FL793062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Corporate and foreign bonds | FL793063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Loans | FL794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Equity and investment fund shares | FL793081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Corporate equities | LM793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Money market fund shares | FL793034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Mutual fund shares | LM793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Equity in government-sponsored enterprises | FL793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | U.S. direct investment abroad: equity | LM793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Stock in Federal Reserve Banks | FL713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Equity investment in subsidiaries | FL793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Insurance, pension and standardized guarantee schemes | FL793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Other accounts receivable | FL793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Total liabilities and net worth | FL792100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Liabilities | FL794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Currency and deposits | FL794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Debt securities | FL794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Agency- and GSE-backed securities | FL423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Corporate bonds | FL793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Commercial paper | FL793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Loans (short-term) | FL794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Equity and investment fund shares | FL793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Corporate equity issues | LM793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Money market fund shares | FL634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Mutual fund shares | LM653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Equity in government-sponsored enterprises | FL403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Foreign direct investment in the U.S.: equity | LM793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Equity in noncorporate business | LM662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Equity investment by parent | FL793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Equity in Federal Reserve Banks | FL713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Equity investment in Federal Reserve facilities | FL503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Insurance, pension and standardized guarantee schemes | FL583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Other accounts payable | FL793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | 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: 2026-05-22