Financial Accounts of the United States - Z.1
B.101.e Balance sheet of households and nonprofit organizations with debt and equity holdings detail
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 | Assets | FL152000005 | 176573.6 | 190464.4 | 205613.3 | 189742.8 | 190464.4 | 189620.3 | 196729.5 | 203202.0 | 205613.3 |
| Line 2 | Nonfinancial assets | FL152010005 | 57671.9 | 60083.1 | 61747.4 | 60333.3 | 60083.1 | 60707.3 | 62000.1 | 61953.4 | 61747.4 |
| Line 3 | Financial assets | FL154090005 | 118901.7 | 130381.3 | 143865.9 | 129409.5 | 130381.3 | 128913.0 | 134729.3 | 141248.6 | 143865.9 |
| Line 4 | Deposits1 | FL154000025 | 18340.8 | 19204.2 | 20532.6 | 18672.4 | 19204.2 | 19587.4 | 19659.2 | 19884.3 | 20532.6 |
| Line 5 | Debt securities at market value | LM154022375 | 10720.9 | 11319.0 | 12149.0 | 11492.0 | 11319.0 | 11468.1 | 11717.5 | 11943.7 | 12149.0 |
| Line 6 | Directly held | LM154022005 | 5556.9 | 5812.9 | 6147.4 | 5888.8 | 5812.9 | 5811.9 | 6002.6 | 6051.6 | 6147.4 |
| Line 7 | Indirectly held | LM154022075 | 5164.0 | 5506.0 | 6001.6 | 5603.1 | 5506.0 | 5656.1 | 5714.9 | 5892.1 | 6001.6 |
| Line 8 | Life insurance companies | LM544022053 | 394.8 | 398.2 | 413.0 | 408.4 | 398.2 | 398.6 | 397.0 | 409.0 | 413.0 |
| Line 9 | Private pension funds2 | LM574022075 | 1829.0 | 1953.0 | 2097.4 | 1985.4 | 1953.0 | 2012.6 | 2037.7 | 2061.5 | 2097.4 |
| Line 10 | Federal govt. pension funds2 | LM344022025 | 32.8 | 33.8 | 37.3 | 34.6 | 33.8 | 35.2 | 35.9 | 36.8 | 37.3 |
| Line 11 | State and local govt. pension funds2 | LM223064223 | 42.7 | 45.9 | 50.5 | 46.8 | 45.9 | 46.9 | 47.7 | 49.4 | 50.5 |
| Line 12 | Mutual funds | LM654022055 | 2864.7 | 3075.0 | 3403.4 | 3128.0 | 3075.0 | 3162.8 | 3196.6 | 3335.4 | 3403.4 |
| Line 13 | Loans | FL154023005 | 1355.9 | 1201.2 | 1245.7 | 1428.0 | 1201.2 | 1249.2 | 1245.0 | 1256.4 | 1245.7 |
| Line 14 | Equity shares at market value | LM153064475 | 48198.8 | 57460.4 | 67772.1 | 56877.4 | 57460.4 | 55302.5 | 60621.8 | 66206.8 | 67772.1 |
| Line 15 | Directly held | LM153064105 | 32247.7 | 39055.0 | 47185.8 | 38333.2 | 39055.0 | 37751.1 | 41264.5 | 45740.4 | 47185.8 |
| Line 16 | Indirectly held | LM153064175 | 15951.1 | 18405.3 | 20586.4 | 18544.2 | 18405.3 | 17551.5 | 19357.3 | 20466.4 | 20586.4 |
| Line 17 | Life insurance companies | LM543064153 | 1508.5 | 1711.7 | 1736.9 | 1728.3 | 1711.7 | 1586.8 | 1715.0 | 1772.0 | 1736.9 |
| Line 18 | Private pension funds2 | LM573064175 | 5957.8 | 7031.4 | 8090.7 | 7005.3 | 7031.4 | 6721.1 | 7436.8 | 7981.9 | 8090.7 |
| Line 19 | Federal govt. pension funds2 | LM343064125 | 517.1 | 633.8 | 715.7 | 618.4 | 633.8 | 582.7 | 646.5 | 700.7 | 715.7 |
| Line 20 | State and local govt. pension funds2 | LM223064213 | 116.9 | 132.9 | 146.8 | 135.4 | 132.9 | 126.5 | 140.5 | 146.2 | 146.8 |
| Line 21 | Mutual funds | LM653064155 | 7850.8 | 8895.5 | 9896.2 | 9056.9 | 8895.5 | 8534.4 | 9418.4 | 9865.7 | 9896.2 |
| Line 22 | Other3 | FL153099475 | 40285.3 | 41196.7 | 42166.5 | 40939.8 | 41196.7 | 41305.8 | 41485.7 | 41957.3 | 42166.5 |
| Line 23 | Liabilities | FL154190005 | 20492.9 | 20845.2 | 21507.7 | 20895.9 | 20845.2 | 20860.8 | 21031.9 | 21269.3 | 21507.7 |
| Line 24 | Net worth | FL152090005 | 156080.7 | 169619.2 | 184105.6 | 168846.9 | 169619.2 | 168759.5 | 175697.6 | 181932.6 | 184105.6 |
| Memo: Debt securities (line 5) as a percent of | |||||||||||
| Line 25 | Total assets (line 1) | FL154022376 | 6.1 | 5.9 | 5.9 | 6.1 | 5.9 | 6.0 | 6.0 | 5.9 | 5.9 |
| Line 26 | Financial assets (line 3) | FL154022386 | 9.0 | 8.7 | 8.4 | 8.9 | 8.7 | 8.9 | 8.7 | 8.5 | 8.4 |
| Memo: Equity shares (line 14) as a percent of | |||||||||||
| Line 27 | Total assets (line 1) | FL153064476 | 27.3 | 30.2 | 33.0 | 30.0 | 30.2 | 29.2 | 30.8 | 32.6 | 33.0 |
| Line 28 | Financial assets (line 3) | FL153064486 | 40.5 | 44.1 | 47.1 | 44.0 | 44.1 | 42.9 | 45.0 | 46.9 | 47.1 |
Notes:
- Includes foreign deposits, checkable deposits and currency, time and savings deposits, and money market fund shares.
- Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 22.
- Other (line 22) includes proprietor's equity in noncorporate business, defined benefit plan pension entitlements, asset of defined contribution pension plans and mutual funds not included above.
Last Update: 2026-03-19