Financial Accounts of the United States - Z.1
F.102 Nonfinancial business1
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 | Income before taxes | FA146110005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Gross saving less net capital transfers paid | FA146000105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Gross investment | FA145090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Capital expenditures | FA145050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Fixed investment | FA145019005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Residential | FA145012005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Nonresidential | FA145013005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Change in inventories | FA145020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Nonproduced nonfinancial assets | FA105420005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Net lending (+) or net borrowing (-) | FA145000005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Net acquisition of financial assets | FA144090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Checkable deposits and currency | FA143020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Time and savings deposits | FA143030005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Other deposits (foreign deposits) | FA103091003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Money market fund shares | FA143034005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Security repurchase agreements | FA102051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Debt securities | FA144022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Commercial paper | FA103069100 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Treasury securities | FA143061105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Agency- and GSE-backed securities | FA103061703 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Municipal securities | FA143062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Corporate bonds (held by equity REITs) | FA123063003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Loans | FA144023005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Mortgages | FA143065005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Consumer credit | FA143066005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | U.S. direct investment abroad: intercompany debt | FA103092305 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Corporate equities | FA103064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | U.S. direct investment abroad: equity | FA103092105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Equity in GSEs | FA143092405 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Mutual fund shares | FA103064203 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Trade receivables | FA143070005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Miscellaneous assets | FA143090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Net increase in liabilities and equity | FA144194005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Net increase in liabilities | FA144190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Debt securities | FA104122005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Commercial paper | FA103169100 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Municipal securities | FA103162000 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Corporate bonds | FA103163005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Loans | FA144123005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Depository institution loans n.e.c. | FA143168005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Other loans and advances | FA143169005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Mortgages | FA143165005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Foreign direct investment: intercompany debt | FA143192305 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Trade payables | FA143170005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Taxes payable | FA143178005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Miscellaneous liabilities | FA143190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Net equity issues | FA143181105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Corporate equities | FA103164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Foreign direct investment: equity | FA143192105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Equity in noncorporate business | FA112090205 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Discrepancy | FA107005005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Note:
- Sum of nonfinancial corporate business and nonfinancial noncorporate business.
Last Update: March 9, 2026