Financial Accounts of the United States - Z.1
L.224 Corporate equities1
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Issues at market value | LM893064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Nonfinancial corporate business | LM103164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Publicly traded | LM103164115 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Closely held | LM103164125 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Financial corporations | LM793164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | U.S.-chartered depository institutions | LM763164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Publicly traded2 | LM763164113 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Closely held | LM763164123 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Property-casualty insurance companies | LM513164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Publicly traded | LM513164113 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Closely held | LM513164123 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Life insurance companies | LM543164175 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Publicly traded | LM543164113 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Closely held | LM543164123 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Closed-end funds | LM554090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Exchange-traded funds | LM564090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Government-sponsored enterprises2 | LM403164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Mortgage REITs | LM643164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Publicly traded | LM643164113 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Closely held | LM643164123 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Brokers and dealers | LM663164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Publicly traded | LM663164113 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Closely held | LM663164123 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Holding companies | LM733164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Publicly traded2 | LM733164113 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Closely held | LM733164123 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Other financial business | LM503164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Publicly traded2 | LM503164115 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Closely held | LM503164125 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Rest of the world3 | LM263164100 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Holdings at market value | LM893064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Household sector | LM153064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Nonfinancial corporate business | LM103064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Federal government | LM313064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | State and local governments | LM213064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Monetary authority | FL713064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | U.S.-chartered depository institutions | LM763064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Foreign banking offices in U.S. | FL753064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Property-casualty insurance companies | LM513064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Life insurance companies | LM543064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Private pension funds | LM573064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Federal government pension funds | LM343064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | State and local govt. pension funds | LM223064145 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Mutual funds | LM653064100 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Closed-end funds | LM553064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Exchange-traded funds | LM563064100 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Brokers and dealers | LM663064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Other financial business | FL503064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Rest of the world4 | LM263064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 50 | Publicly traded equity at market value5 | LM883164115 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Closely held equity at market value6 | LM883164123 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | S corporations | LM883164133 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | C corporations | LM883164135 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Percent change in Dow Jones U.S. Total Market Index | PC073164013 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Includes shares of exchange-traded funds, closed-end funds, and real estate investment trusts. Excludes mutual fund shares shown on table L.226.
- Includes corporate equities issued by financial corporations under the federal financial stabilization programs.
- Holdings of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).
- Holdings of U.S. issues by foreign residents.
- Equal to the sum of lines 3, 7, 10, 13, 15, 16, 17, 19, 22, 25, and 28.
- Equal to the sum of lines 4, 8, 11, 14, 20, 23, 26, and 29.
Last Update: March 9, 2026