Financial Accounts of the United States - Z.1
Financial Accounts Matrix--Transactions
Billions of dollars; seasonally adjusted
| Line | Description | Households and Nonprofit Organizations | Nonfinancial Business | Federal Government | State and Local Governments | Domestic Nonfinancial Sectors | Domestic Financial Sectors | Rest of the World | All Sectors | Instrument Discrepancy | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Use | Source | Use | Source | Use | Source | Use | Source | Use | Source | Use | Source | Use | Source | Use | Source | |||
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 | Column 9 | Column 10 | Column 11 | Column 12 | Column 13 | Column 14 | Column 15 | Column 16 | Column 17 | ||
| Line 1 | Gross saving less net cap. transfers | -- | 4087.1 | -- | 3690.7 | -- | -1507.0 | -- | 337.7 | -- | 6608.5 | -- | 666.0 | -- | 1170.2 | -- | 8444.7 | -- |
| Line 2 | Capital consumption | -- | 2626.0 | -- | 2933.4 | -- | 417.7 | -- | 431.7 | -- | 6408.7 | -- | 369.1 | -- | -- | -- | 6777.9 | -- |
| Line 3 | Net saving (1 less 2) | -- | 1461.1 | -- | 757.3 | -- | -1924.7 | -- | -93.9 | -- | 199.8 | -- | 296.9 | -- | 1170.2 | -- | 1666.8 | -- |
| Line 4 | Gross investment (5 plus 11) | 4854.9 | -- | 3416.0 | -- | -1334.4 | -- | 306.4 | -- | 7242.9 | -- | 855.7 | -- | 1050.9 | -- | 9149.5 | -- | -704.8 |
| Line 5 | Capital expenditures | 3408.2 | -- | 3703.5 | -- | 470.8 | -- | 660.9 | -- | 8243.4 | -- | 443.1 | -- | 0.1 | -- | 8686.5 | -- | -241.9 |
| Line 6 | Consumer durables | 2114.5 | -- | -- | -- | -- | -- | -- | -- | 2114.5 | -- | -- | -- | -- | -- | 2114.5 | -- | -- |
| Line 7 | Residential | 985.9 | -- | 207.8 | -- | 3.0 | -- | 7.9 | -- | 1204.6 | -- | -- | -- | -- | -- | 1204.6 | -- | -- |
| Line 8 | Nonresidential | 326.1 | -- | 3481.9 | -- | 467.9 | -- | 630.5 | -- | 4906.4 | -- | 443.1 | -- | -- | -- | 5349.5 | -- | -- |
| Line 9 | Inventory change | -- | -- | 17.9 | -- | -- | -- | -- | -- | 17.9 | -- | -- | -- | -- | -- | 17.9 | -- | -- |
| Line 10 | Nonproduced nonfinancial assets | -18.3 | -- | -4.1 | -- | -0.1 | -- | 22.5 | -- | -0.1 | -- | -- | -- | 0.1 | -- | -- | -- | -- |
| Line 11 | Net lending (+) or net borrowing (-) | 1446.7 | -- | -287.5 | -- | -1805.2 | -- | -354.5 | -- | -1000.5 | -- | 412.6 | -- | 1050.8 | -- | 462.9 | -- | -462.9 |
| Line 12 | Net acquisition of financial assets | 2171.8 | -- | 1166.1 | -- | 347.2 | -- | 147.6 | -- | 3832.7 | -- | 5758.2 | -- | 2634.4 | -- | 12225.4 | -- | -- |
| Line 13 | Net increase in liabilities and equity | -- | 725.1 | -- | 1453.7 | -- | 2152.4 | -- | 502.0 | -- | 4833.2 | -- | 5345.6 | -- | 1583.6 | -- | 11762.4 | -- |
| Line 14 | Monetary gold and SDRs | -- | -- | -- | -- | -0.4 | 0.0 | -- | -- | -0.4 | 0.0 | -- | -- | 0.0 | -0.4 | -0.4 | -0.4 | -- |
| Line 15 | Interbank assets and liabilities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 136.5 | 197.3 | 233.2 | 173.3 | 369.7 | 370.6 | 0.9 |
| Line 16 | Checkable dep. and currency | 1298.6 | -- | 67.7 | -- | 150.4 | 0.4 | 41.5 | -- | 1558.2 | 0.4 | 74.0 | 1690.2 | 57.5 | -- | 1689.8 | 1690.6 | 0.8 |
| Line 17 | Time and savings deposits | -600.3 | -- | 24.8 | -- | -0.2 | -- | -20.3 | -- | -595.9 | -- | 11.6 | -537.1 | 47.2 | -- | -537.1 | -537.1 | -- |
| Line 18 | Other deposits | 11.7 | -- | -20.8 | -- | 13.7 | 0.0 | -- | -- | 4.6 | 0.0 | -1.1 | 1.7 | -- | 204.3 | 3.5 | 206.0 | 202.5 |
| Line 19 | Money market fund shares | 611.4 | -- | 129.4 | -- | -- | -- | 10.7 | -- | 751.5 | -- | 172.2 | 947.0 | 23.4 | -- | 947.0 | 947.0 | -- |
| Line 20 | Fed. funds and security repos | -- | -- | 26.2 | -- | 0.0 | -- | 11.8 | -- | 38.0 | -- | 890.0 | 194.4 | 136.4 | 323.6 | 1064.3 | 518.0 | -546.4 |
| Line 21 | Debt securities | -281.0 | 16.2 | 23.1 | 272.3 | 0.2 | 1931.6 | 75.9 | 157.3 | -181.8 | 2377.4 | 2419.6 | 645.1 | 960.4 | 175.8 | 3198.3 | 3198.3 | -- |
| Line 22 | Open market paper | -- | -- | 9.1 | 18.7 | -- | -- | 32.4 | -- | 41.5 | 18.7 | 84.4 | 112.1 | 22.6 | 17.8 | 148.6 | 148.6 | -- |
| Line 23 | Treasury securities | 219.9 | -- | 8.7 | -- | -- | 1930.2 | 24.4 | -- | 253.0 | 1930.2 | 1168.6 | -- | 508.7 | -- | 1930.2 | 1930.2 | -- |
| Line 24 | Agency- and GSE-backed sec. | -127.2 | -- | 3.0 | -- | 0.0 | 1.4 | 11.9 | -- | -112.2 | 1.4 | 308.7 | 256.8 | 61.7 | -- | 258.2 | 258.2 | -- |
| Line 25 | Municipal securities | 101.9 | 16.2 | 2.3 | 15.3 | -- | -- | 2.0 | 157.3 | 106.2 | 188.8 | 79.6 | -- | 3.0 | -- | 188.8 | 188.8 | -- |
| Line 26 | Corporate and fgn. bonds | -475.6 | -- | 0.0 | 238.3 | 0.2 | -- | 5.2 | -- | -470.2 | 238.3 | 778.4 | 276.3 | 364.4 | 158.0 | 672.6 | 672.6 | -- |
| Line 27 | Loans | 125.6 | 690.1 | -0.7 | 548.9 | 102.0 | 360.7 | -1.7 | 9.8 | 225.1 | 1609.5 | 1917.7 | 230.6 | 47.4 | 350.1 | 2190.2 | 2190.2 | -- |
| Line 28 | Depository inst. loans n.e.c. | -- | -9.8 | -- | 119.4 | -- | -- | -- | 9.0 | -- | 118.6 | 589.8 | 114.2 | -- | 357.0 | 589.8 | 589.8 | -- |
| Line 29 | Other loans and advances | 134.5 | 155.3 | -- | 164.3 | 31.3 | 360.7 | -16.2 | 0.7 | 149.5 | 680.9 | 593.6 | 116.5 | 47.4 | -6.9 | 790.5 | 790.5 | -- |
| Line 30 | Mortgages | -5.9 | 430.4 | -0.7 | 265.3 | 7.6 | 0.0 | 14.5 | -- | 15.5 | 695.7 | 680.2 | -- | -- | -- | 695.7 | 695.7 | -- |
| Line 31 | Consumer credit | -3.0 | 114.2 | 0.0 | -- | 63.2 | -- | -- | -- | 60.1 | 114.2 | 54.1 | -- | -- | -- | 114.2 | 114.2 | -- |
| Line 32 | U.S. direct investment: debt | -- | -- | -121.4 | -- | -- | -- | -- | -- | -121.4 | -- | -10.3 | -- | -- | -131.7 | -131.7 | -131.7 | -- |
| Line 33 | Foreign direct investment: debt | -- | -- | -- | -14.5 | -- | -- | -- | -- | -- | -14.5 | -- | 13.4 | -1.1 | -- | -1.1 | -1.1 | -- |
| Line 34 | Corporate equities | 753.3 | -- | -108.2 | -333.0 | 9.9 | -- | -14.9 | -- | 640.0 | -333.0 | -236.7 | 1269.8 | 651.3 | 117.8 | 1054.7 | 1054.7 | -- |
| Line 35 | U.S. direct investment: equity | -- | -- | 262.8 | -- | -- | -- | -- | -- | 262.8 | -- | -5.1 | -- | -- | 257.7 | 257.7 | 257.7 | -- |
| Line 36 | Foreign direct investment: equity | -- | -- | -- | 295.7 | -- | -- | -- | -- | -- | 295.7 | -- | 13.7 | 309.4 | -- | 309.4 | 309.4 | -- |
| Line 37 | Miscellaneous other equity | -18.2 | -- | 0.7 | -48.6 | 1.4 | -- | -- | -- | -16.1 | -48.6 | 84.9 | 113.4 | -- | 4.0 | 68.8 | 68.8 | -- |
| Line 38 | Mutual fund shares | -189.8 | -- | 41.9 | -- | -- | -- | -5.0 | -- | -153.0 | -- | -694.5 | -777.8 | 69.7 | -- | -777.8 | -777.8 | -- |
| Line 39 | Life insurance reserves | -10.1 | -- | -- | -- | -- | 2.6 | -- | -- | -10.1 | 2.6 | 17.5 | 1.6 | 0.0 | 3.3 | 7.4 | 7.4 | -- |
| Line 40 | Pension entitlements | 351.0 | -- | -- | -- | -- | -- | -- | -- | 351.0 | -- | 51.9 | 371.0 | 0.2 | 32.1 | 403.1 | 403.1 | -- |
| Line 41 | Trade credit | 36.1 | 17.2 | 495.7 | 468.3 | 1.6 | 60.0 | 32.8 | 76.4 | 566.2 | 621.9 | 34.7 | 65.5 | 65.6 | 12.1 | 666.6 | 699.5 | 33.0 |
| Line 42 | Taxes payable | -- | -- | -- | -33.7 | 68.5 | -- | 7.4 | -- | 75.9 | -33.7 | -- | 24.2 | -- | -- | 75.9 | -9.5 | -85.5 |
| Line 43 | Miscellaneous | 83.5 | 1.6 | 344.9 | 298.2 | -- | -202.8 | 9.5 | 258.6 | 438.0 | 355.5 | 895.3 | 881.5 | 33.8 | 61.7 | 1367.0 | 1298.7 | -68.3 |
| Line 44 | Sector discrepancies (1 less 4) | -767.8 | -- | 274.7 | -- | -172.6 | -- | 31.3 | -- | -634.4 | -- | -189.7 | -- | 119.3 | -- | -704.8 | -- | -704.8 |
NOTES
- General Notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Last Update: March 19, 2026