Date  | Highlights  | Count |
| 2023q2 | Instrument table reorganization and renumbering: Transaction and level instrument tables have been reordered and renumbered beginning with F.223 and L.223, respectively, to accommodate new "other equity" instrument tables, which align the Financial Accounts more closely with international guidelines set forth in the System of National Accounts 2008. The new and previous table references are as follows:Direct investment intercompany debt is shown on F.223 and L.223 (previously F/L.230). Corporate equities are shown on F.224 and L.224 (previously F/L.223). Other equity is shown on F.225 and L.225.Direct investment equity, a component of Other equity, is shown on F.225.a and L.225.a (previously included on F/L.230). Miscellaneous other equity, a component of Other equity, is shown on F.225.b and L.225.b (proprietors' equity in noncorporate business was previously shown on F/L.229, while the remaining line items were previously shown on F/L.232). Mutual fund shares are shown on F.226 and L.226 (previously F/L.224). Life insurance reserves are shown on F.228 and L.228 (previously F/L.226). Pension entitlements are shown on F.229 and L.229 (previously F/L.227). Trade credit is shown on F.230 and L.230 (previously F/L.225). Taxes payable by businesses are shown on F.231 and L.231 (previously F/L.228). Total miscellaneous financial claims are shown on F.232 and L.232 (previously F/L.231). Identified miscellaneous financial claims-part I is shown on F.233 and L.233 (previously F/L.232). Identified miscellaneous financial claims-part II is shown on F.234 and L.234 (previously F/L.233). Unidentified miscellaneous financial claims are show on F.235 and L.235 (previously F/L.234). Note that tables F.227 and L.227 are skipped; these are reserved for the hedge fund shares instrument to be released at a later date. | 1 |
| 2023q2 | New Other equity instrument table: Equity-like assets and liabilities, other than those classified as corporate equities, have been recategorized into a new aggregate instrument, other equity (tables L.225 and F.225), to align more closely with the System of National Accounts 2008 (SNA) international guidelines. The Other equity instrument table includes Direct investment equity, also shown separately on tables F.225.a and L.225.a, and Miscellaneous other equity, also shown separately on tables F.225.b and L.225.b. Miscellaneous other equity includes proprietors' equity in noncorporate business (previously F.229 and L.229) and equity-like items previously reported on the Identified miscellaneous financial claims - part I table. In accordance with SNA guidelines, miscellaneous other equity transactions are now included in net equity issuance and removed from the net increase in liabilities for issuing sectors. Similarly, levels of miscellaneous other equity are now reported in memo items rather than in liabilities for issuing sectors. Other equity assets are identified as separate line items on sector tables. The Integrated Macroeconomic Accounts (tables S.1.A - S.9.A and S.1.Q - S.9.Q) and international data submissions already align with this treatment and are therefore not affected. | 2 |
| 2023q2 | Miscellaneous liability calculation revisions: Due to the change in classification of other equity items, "Equity investment by holding company parent" is no longer included in the calculation of unidentified miscellaneous liabilities of U.S-chartered depository institutions and Securities brokers and dealers. Instead, these other equity items are included in net equity issuance on the respective sectors' transaction tables (see F.111 and F.130) and in the memo items for their levels tables (see L.111 and L.130). | 3 |
| 2023q2 | FDIC receivership assets and liabilities reclassified: All assets and liabilities of failed banks (U.S. depository institutions excluding credit unions) held in Federal Deposit Insurance Corporation (FDIC) receivership for the purposes of liquidation are now included in the U.S.-chartered depository institutions sector (tables F.111 and L.111) in accordance with System of National Accounts 2008 international guidelines. Previously, mortgage assets of failed banks held in FDIC receivership were classified as assets of the Federal Government sector and some assets and liabilities were not captured. Liabilities due to the monetary authority and the Federal Home Loan Banks were already included in the U.S.-chartered depository institution sector. | 4 |
| 2023q2 | Private pension benchmark: Assets of the private pension fund sector (tables F.118, F.118.b, F.118.c, L.118, L.118.b, and L.118.c) have been revised beginning 2021:Q1 to reflect new 2021 plan year data from U.S. Internal Revenue Service/Department of Labor/Pension Benefit Guaranty Corporation Form 5500. | 5 |
| 2023q2 | Finance company benchmark: The finance company sector data (tables F.128 and L.128) have been revised from 2021:Q2 forward to incorporate the Federal Reserve 2020 Census of Finance Companies (CFC) and Survey of Finance Companies (SFC). Transactions are not affected, but rather other changes in volume accounts record the change to amounts outstanding due to the benchmark revision. The CFC and SFC are conducted every five years but were delayed during the COVID-19 pandemic. | 6 |
| 2023q1 | Other loans and advances, margin accounts and cash accounts at security brokers and dealers: Beginning 2000:Q1, additional detail has been added to margin accounts and cash accounts at security brokers and dealers shown on the instrument table for other loans and advances (tables F.216 and L.216). Security brokers and dealers sector (tables F.130 and L.130) receivables from customers and noncustomers are now reported separately for margin accounts. Similarly, security brokers and dealers sector payables to customers and noncustomers are now reported separately for cash accounts. The customer and noncustomer detail are combined in the customer series prior to 2000:Q1. | 7 |
| 2023q1 | Monetary authority Bank Term Funding Program loans and other credit extensions: Additional detail has been added to the monetary authority sector (tables F.109 and L.109) interbank loans for loans to U.S.-chartered depository institutions provided under the new Bank Term Funding Program and other credit extensions, consistent with the H.4.1 Federal Reserve Balance Sheet: Factors Affecting Reserve Balances statistical release. | 8 |
| 2023q1 | Residential real estate revision: Beginning 2021:Q2, the value of owner-occupied residential real estate shown on the Balance sheet for households and nonprofit organizations (tables B.101, R.101, and B.101.h) has been revised due to the incorporation of updated housing value estimates from a new Zillow automated valuation model (AVM). | 9 |
| 2023q1 | Rest of the world holdings of municipal securities: Beginning 2012:Q1, rest of the world (tables F.133 and L.133) holdings of municipal securities are now reported at market value. | 10 |
| 2023q1 | Nonprofit organizations benchmark data for Section 501(c)(3-9) nonprofit organizations and private foundations: Nonprofit organizations data (tables F.101, L.101, B.101, R.101, and B.101.n) have been revised beginning 2019 to reflect new Internal Revenue Service Statistics of Income (IRS/SOI) data for Section 501(c)(3-9) nonprofit organizations and private foundations for 2019. (Section 4947(a)(1) Nonexempt Charitable Trusts data have not revised). | 11 |
| 2023q1 | Nonfinancial corporate business benchmark: Assets of the nonfinancial corporate business sector (tables F.103, L.103, B.103, and R.103) have been revised from 2021:Q1 forward to reflect new data for partnerships and sole proprietorships from the Internal Revenue Service (IRS) Statistics of Income (SOI) for 2021. | 12 |
| 2023q1 | Nonfinancial noncorporate business benchmark: Nonfinancial noncorporate business sector data (tables F.104, L.104, B.104, and R.104) have been revised beginning 2020:Q1 to reflect new benchmark data from the Internal Revenue Service (IRS) Statistics of Income (SOI) for 2020. | 13 |
| 2022q4 | Households and nonprofit organizations vacant land benchmark: The value of residential vacant land held by households and nonprofit organizations (tables B.101 and R.101) has been revised beginning 2004:Q3 to reflect benchmark data for 2016:Q3 and 2019:Q3 from the triennial Survey of Consumer Finances (SCF). Note: SCF benchmark data for 2007:Q3, 2010:Q3, and 2013:Q3 are not used due to apparent valuation challenges that arose during the housing boom and bust over that period. | 14 |
| 2022q4 | Residential real estate revision: The value of residential real estate held by households and nonprofit organizations (tables B.101, R.101, B.101.h, and B.101.n), nonfinancial corporate businesses (tables B.103 and R.103), and nonfinancial noncorporate businesses (tables B.104 and R.104) has been revised to reflect updated source data. Beginning 2021:Q1, the value of owner-occupied residential real estate (excluding vacant land and mobile homes) has been revised due to updated historical data from Zillow. Beginning 1990:Q1, the value of residential real estate held by nonprofit organizations, nonfinancial corporate businesses, and nonfinancial noncorporate businesses has been revised to reflect updates in the ZHVI house price index used to estimate revaluations. | 15 |
| 2022q4 | Debt securities held by households and nonprofit organizations: Beginning 1996:Q4, household and nonprofit organization sector (tables L.101, B.101, R.101, and B.101.h) holdings of Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds have revised, reflecting new methodology. Now, the component of changes in the rest of the world's holdings of these debt securities that excludes transactions and revaluations, also called "other volume changes," no longer residually impacts the household and nonprofit sector. Instead, these residual other volume changes from the rest of world have been shifted to the discrepancies between debt security issuance and holdings (see tables L.208, L.210, L.211, L.212, and L.213). | 16 |
| 2022q4 | Nonfinancial corporate business unidentified miscellaneous assets and liabilities: The unidentified miscellaneous assets and liabilities held by nonfinancial corporate businesses (tables F.103, L.103, B.103, and R.103) have been revised based on new methodology that sets revaluations to zero for these financial instruments. This results in changes to the levels of miscellaneous assets and liabilities. In addition, private pension funds' claims on the corporate sponsor are no longer deducted from the calculation of unidentified miscellaneous liabilities. | 17 |
| 2022q4 | From-Whom-to-Whom Enhanced Financial Accounts project beta release: The March 24, 2023 release of the Enhanced Financial Accounts will include a new project that provides preliminary estimates of issuer-to-holder relationships by instrument within the Financial Accounts. A forthcoming FEDS note describes the data and the methodology in detail: FWTW: "Issuer-to-Holder (From-Whom-to-Whom) Relationships in the Financial Accounts of the United States: A New Methodology and Some Early Results" (Michael Batty, Elizabeth Holmquist, and Robert Kurtzman). | 18 |
| 2022q3 | National Income and Product Accounts annual update: The statistics in this publication reflect the 2022 annual update of the National Income and Product Accounts (NIPAs) released by the Bureau of Economic Analysis (BEA) on September 29, 2022, as well as information for 2022:Q3 released by BEA on November 30, 2022. See the October 2022 issue of the Survey of Current Business at https://apps.bea.gov/scb/ for details on the 2022 annual update. | 19 |
| 2022q3 | Fixed assets annual update: Investment, depreciation, and capital stock data for private and government sectors have been revised beginning in 2017 to reflect updated annual estimates of fixed assets from BEA. | 20 |
| 2022q3 | Nonfinancial corporate business corporate equity issuance: Beginning 2008:Q1, nonfinancial corporate business corporate equity issuance (tables F.223 and L.223) has been revised to incorporate new source data for private equity issuance. Levels are unaffected; however, residually computed revaluations also revised. | 21 |
| 2022q3 | U.S.-Chartered depository institutions mutual funds and corporate equities: U.S.-Chartered depository institutions sector (tables F.111 and L.111) holdings of mutual funds and corporate equities have been revised to reflect improved methodology for estimating revaluations. Revaluations and levels outstanding have been adjusted for all periods. | 22 |
| 2022q3 | Tax on foreign earnings retained abroad of holding companies and securities brokers and dealers: Beginning 2009:Q1, tax on foreign earnings retained abroad of securities brokers and dealers (tables F.130 and L.130) has been reassigned to holding companies (tables F.131 and L.131), to align with changes in sector holdings of U.S. direct investment abroad that were incorporated in the September 2022 Z.1 release. | 23 |
| 2022q3 | Commercial real estate: Levels and capital gains for commercial real estate (CRE) have been revised beginning 1996:Q2. Capital gains are now estimated using end-of-quarter values of a CRE price index (FI075035503) instead of quarterly averages of that index. The affected series are 115035033 (nonfinancial noncorporate business CRE), 105035033 (nonfinancial corporate business CRE), 165035033 (nonprofit organizations CRE), and 665035003 (security and brokers dealers CRE). | 24 |
| 2022q3 | Financial Soundness Indicators moving to International Monetary Fund webpage: Beginning with the March 2023 Z.1 release, Financial Soundness Indicators (FSIs) Table 1 and Annex tables 5-8 will no longer be available on the Financial Accounts Guide International Data Submissions webpage. Beginning late December 2022, FSIs will be updated to conform with guidelines described in the IMF 2019 Financial Soundness Indicators Compilation Guide, and will be available quarterly on the International Monetary Fund's website. | 25 |
| 2022q2 | Distributional Financial Accounts (DFA) public code released: A public version of the DFA code was released on August 5, 2022. It includes the code, input files, and instructions for users to recreate DFA results. These enhancements can be found at https://www.federalreserve.gov/releases/z1/dataviz/dfa/. | 26 |
| 2022q2 | Distributional Financial Accounts improvements: In the upcoming release of the DFA, tentatively set for two weeks after the Z.1 Financial Accounts release, the breakdown of the top 1 percent of the wealth distribution into the top 0.1 percent and the next 0.9 percent will be available in the data visualization tool. Also, the pension entitlements instrument category will be segmented into defined benefit pension entitlements and defined contribution pension entitlements. On release day, a complete description of improvements will be posted on the DFA announcements page. | 27 |
| 2022q2 | U.S. Direct investment abroad (USDIA) of holding companies and securities brokers and dealers: Beginning 2009:Q1, USDIA of securities brokers and dealers (tables F.130 and L.130) has been reassigned to holding companies (tables F.131 and L.131). | 28 |
| 2022q2 | Private pension benchmark: Assets of the private pension fund sector (tables F.118, F.118.b, F.118.c, L.118, L.118.b, and L.118.c) have been revised beginning 2020:Q1 to reflect new 2020 plan year data from U.S. Internal Revenue Service/Department of Labor/Pension Benefit Guaranty Corporation Form 5500. | 29 |
| 2022q2 | State and local government employee defined benefit retirement funds: State and local government employee defined benefit retirement funds (tables F.120.b and L.120.b) have been revised beginning 2020:Q3 to reflect new data from the Census Annual Survey of Public Pensions. | 30 |