Financial Accounts of the United States - Z.1
F.5 Net capital transfers1
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 | Capital transfers paid, by sector | FA895410005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | By private business | FA825410005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Financial corporations | FA795410005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Disaster-related insurance benefits | FA515410073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Other | FA795410003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Nonfinancial corporations | FA105410003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Noncorporate business | FA115410003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | By government | FA365410005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Federal | FA315410005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Investment grants to state and local govts. | FA215400033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Disaster-related insurance benefits | FA315410073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Financial stabilization payments2 | FA315410093 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Other capital transfers paid to business | FA315410043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Other capital transfers paid to persons | FA315410053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Capital transfers paid to rest of world (net) | FA315410063 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | State and local | FA215410073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Disaster-related insurance benefits | FA215410073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | By persons | FA155410035 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Estate and gift taxes, federal | FA315400053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Estate and gift taxes, state and local | FA215400053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | By the rest of the world | FA265410005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Disaster-related insurance benefits | FA265410073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Other | FA265410003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Capital transfers received, by sector | FA895400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | By private business | FA825400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Financial corporations | FA795400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Disaster-related insurance benefits | FA515400073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Other | FA795400003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Nonfinancial corporations | FA105400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Disaster-related insurance benefits | FA105400073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Other | FA105400003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Noncorporate business | FA115400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Disaster-related insurance benefits | FA115400075 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Other | FA115400003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | By government | FA365400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Federal | FA315400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Estate and gift taxes paid by persons | FA315400053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Other | FA315400003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | State and local | FA215400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Disaster-related insurance benefits | FA215400073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Estate and gift taxes paid by persons | FA215400053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Investment grants paid by federal government | FA215400033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Other | FA215400003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | By persons | FA155400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Disaster-related insurance benefits | FA155400073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Other | FA155400003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | By the rest of the world | FA265400005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Capital transfers paid by U.S. government | FA265400033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Disaster-related insurance benefits | FA265400073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Other | FA265400003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Addenda: Net capital transfers paid by sector | |||||||||||
| Line 51 | By private business (lines 2-25) | FA825440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Financial corporations (lines 3-26) | FA795440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Property-casualty insurance companies | FA515440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Life insurance companies | FA545410003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | U.S.-chartered depository institutions | FA765440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Private pensions | FA575440043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Government-sponsored enterprises | FA405400033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Finance companies | FA615410003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Holding companies | FA735410003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Holding companies (GMAC) | FA735400033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Other financial business (AIG) | FA505400033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Nonfinancial corporations (lines 6-29) | FA105440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Noncorporate business (lines 7-32) | FA115440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | By government (lines 8-35) | FA365440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Federal (lines 9-36) | FA315440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | State and local (lines 16-39) | FA215440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | By persons (lines 18-44) | FA155440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | By the rest of the world (lines 21-47) | FA265440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- This table is based on NIPA table 5.11 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).
- Series treated as capital losses in the financial corporations sectors rather than as capital transfers in the Financial Accounts of the United States.
Last Update: March 9, 2026