Financial Accounts of the United States - Z.1
F.104 Nonfinancial noncorporate business
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 | Gross saving = consumption of fixed capital | FA116300005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Gross saving less net capital transfers paid1 | FA116000105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Gross investment | FA116000105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Capital expenditures | FA115050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Fixed investment2 | FA115019005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Change in inventories | FA115020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Net lending (+) or net borrowing (-) | FA115000005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Net acquisition of financial assets | FA114090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Checkable deposits and currency | FA113020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Time and savings deposits | FA113030003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Money market funds | FA113034003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Debt securities | FA114022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Treasury securities | FA113061003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Municipal securities | FA113062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Loans | FA114023005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Mortgages | FA113065005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Consumer credit | FA113066003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Equity investment in GSEs3 | FA113092405 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Trade receivables | FA113070003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Miscellaneous assets | FA113090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Insurance receivables | FA113076005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | PPP subsidies receivable | FA113072003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Other | FA113093005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Net increase in liabilities and equity | FA114194005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Net increase in liabilities | FA114190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Loans | FA114123005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Depository institution loans n.e.c. | FA113168005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Other loans and advances | FA113169005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Mortgages | FA113165005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Foreign direct investment: intercompany debt | FA115114305 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Trade payables | FA113170005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Taxes payable | FA113178003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Miscellaneous liabilities | FA113193003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Net equity issues | FA113181115 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Foreign direct investment: equity | FA115114103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Proprietors' net investment | FA112090205 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Net capital transfers paid from table F.5, line 62.
- Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 11 and 16 respectively.
- Equity in the Farm Credit System.
Last Update: March 9, 2026