Financial Accounts of the United States - Z.1
S.65.a Other financial business1
Billions of dollars
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA856902505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA856330085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA856902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA856025005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA856020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA856401005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA856240105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA856402105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA856140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA856402105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Property income (received) | FA856150105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Interest | FA856130105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Distributed income of corporations (dividends) | FA856121105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Reinvested earnings on U.S. direct investment abroad | FA853092285 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Less: Uses of property income (paid) | FA856150005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Interest | FA856130005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Distributed income of corporations | FA856120005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Dividends | FA856121005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Withdrawals from income of quasi-corporations2 | FA856122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Reinvested earnings on foreign direct investment | FA853192285 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Rents on land and natural resources | FA856112005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Net national income/Balance of primary incomes, net | FA856140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Less: Current taxes on income, wealth, etc. (paid) | FA856220005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Less: Other current transfers (paid) | FA856403005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Equals: Disposable income, net | FA856012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Equals: Net saving | FA856012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 27 | Net saving less capital transfers | FA856006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Net saving | FA856012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Less: Capital transfers paid (net) | FA855440085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Capital formation, net | FA855015085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Gross fixed capital formation (nonresidential) | FA855013085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Less: Consumption of fixed capital | FA856330085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 27-30) | FA855000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA855000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Net acquisition of financial assets | FA854090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Currency and deposits | FA854000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Debt securities | FA854022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Open market paper | FA853069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Treasury securities | FA853061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Agency- and GSE-backed securities3 | FA853061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Municipal securities | FA853062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Corporate and foreign bonds | FA853063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Loans | FA854035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Short term | FA854041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Long term | FA814042005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Equity and investment fund shares | FA813081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Corporate equities | FA813064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Money market fund shares | FA813034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Equity in government-sponsored enterprises3 | FA813092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | U.S. direct investment aboard: equity | FA803092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Equity investment in subsidiaries | FA793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Insurance, pension and standardized guarantee schemes | FA733040005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Other accounts receivable | FA853096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Net incurrence of liabilities | FA854194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Currency and deposits | FA403197033 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Debt securities | FA814122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Agency- and GSE-backed securities3 | FA423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Corporate bonds | FA813163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Commercial paper | FA813169105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Loans | FA814135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Short term | FA814141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Long term | FA803192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Equity and investment fund shares | FA853181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Money market fund shares | FA634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Corporate equity issues | FA813164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Mutual fund shares | FA653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Equity in government-sponsored enterprises3 | FA403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Foreign direct investment in the U.S.: equity | FA803192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Equity in noncorporate business | FA662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Equity investment by parent | FA803194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Equity investment in Federal Reserve facilities | FA503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Other accounts payable | FA813196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 73 | Net lending (+) or borrowing (-), financial account (lines 35-54) | FA855000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 74 | Total other volume changes | FV858090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Disaster losses | FV812010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | Other volume changes | FV858090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Less: Statistical discrepancy (lines 33-73)4 | FU857005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 78 | Nonfinancial assets | FR812010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Structures (nonresidential) | FR815013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Equipment | FR815013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Intellectual property products | FR815013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Financial assets | FR854090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Debt securities | FR854022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | U.S. direct investment aboard: debt | FR803092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Corporate equities | FR813064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | U.S. direct investment aboard: equity | FR803092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Other accounts receivable | FR853096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Liabilities | FR854194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Foreign direct investment in the U.S.: debt | FR803192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Corporate equity issues | FR813164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Mutual fund shares | FR653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Foreign direct investment in the U.S.: equity | FR803192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Equity in noncorporate business | FR662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Equity investment by parent | FR803194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Other accounts payable | FR813196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Changes in net worth due to nominal holding gains/losses | FR852090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 97 | Change in net worth (lines 30+33+74+96) | FC852090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 98 | Total assets | FL852000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Nonfinancial assets5 | LM812010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Structures (nonresidential) | LM815013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Equipment | LM815013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Intellectual property products | LM815013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Financial assets | FL854090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Currency and deposits | FL854000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Debt securities | FL854022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Open market paper | FL853069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Treasury securities | FL853061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Agency- and GSE-backed securities3 | FL853061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Municipal securities | FL853062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Corporate and foreign bonds | FL853063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Loans | FL854035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Short term | FL854041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Long term | FL814042005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Mortgages | FL813065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | U.S. direct investment abroad: debt | FL803092305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Equity and investment fund shares | FL813081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Corporate equities | LM813064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Money market fund shares | FL813034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Equity in government-sponsored enterprises3 | FL813092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | U.S. direct investment aboard: equity | FL803092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Equity investment in subsidiaries | FL793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Insurance, pension and standardized guarantee schemes | FL733040005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Other accounts receivable | FL853096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Total liabilities and net worth | FL852100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Liabilities | FL854194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Currency and deposits | FL403197033 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Debt securities | FL814122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Agency- and GSE-backed securities3 | FL423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Corporate bonds | FL813163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Commercial paper | FL813169105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Loans | FL814135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Short term | FL814141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Long term | FL803192305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Equity and investment fund shares | FL853181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Money market fund shares | FL634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Corporate equity issues | LM813164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Mutual fund shares | LM653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Equity in government-sponsored enterprises3 | FL403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Foreign direct investment in the U.S.: equity | FL803192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Equity in noncorporate business | LM662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | Equity investment by parent | FL803194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Equity investment in Federal Reserve facilities | FL503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Other accounts payable | FL813196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 144 | Net worth | FL852090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Includes the following sectors as defined in the Financial Accounts of the United States: Money Market Funds; Mutual Funds; Closed-End Funds; Exchange-Traded Funds; Government-Sponsored Enterprises; Agency- and GSE-Backed Mortgage Pools; Issuers of Asset-Backed Securities; Finance Companies; Mortgage REITs; Security Brokers and Dealers; Holding Companies; Other Financial Business.
- Consists of rental income of tenant-occupied housing and proprietors' income. Quasi-corporations are unincorporated enterprises that function as if they were corporations; they primarily cover their operating costs through sales, and they keep a complete set of financial records.
- Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.
- The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
- Excludes land. Includes corporate and noncorporate financial business.
Last Update: March 9, 2026