Financial Accounts of the United States - Z.1
F.4.c Consumption of fixed capital
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 | Consumption of fixed capital (by type) | FA886300095 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Structures | FA886300065 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equipment | FA886300025 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Intellectual Property Products | FA886330075 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Software | FA886330035 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Research and development | FA886330045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Entertainment, literary, and artistic originals | FA836330053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Miscellaneous government adjustements1 | FA366300095 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Consumption of fixed capital (by sector) | FA886300095 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Households and nonprofit organizations | FA156300003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Nonfinancial corporate business | FA106300011 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Nonfinancial noncorporate business | FA116300001 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Federal government | FA316300001 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | State and local governments | FA216300001 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Domestic financial sectors2 | FA796330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Monetary authority | FA716330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Private depository institutions | FA706330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | U.S.-chartered depository institutions | FA766330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Foreign banking offices in U.S. | FA756330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Banks in U.S.-affiliated areas | FA746330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Credit unions | FA476330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Property-casualty insurance companies | FA516330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Life insurance companies | FA546330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Private pension funds | FA576330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | State and local government employee pension funds | FA226330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Government-sponsored enterprises | FA406330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | ABS issuers | FA676330023 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Finance companies | FA616330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Security brokers and dealers | FA666330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Holding companies | FA736330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 31 | Consumer durable goods3 | FA156300103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Calculated as the difference between consumption of fixed capital in BEA's NIPA and consumption of fixed capital in BEA's fixed assets accounts (FAA); the latter are used to estimate.
- Domestic financial subsector detail are based on FRB staff estimates.
- Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector capital expenditures.
Last Update: March 9, 2026