Financial Accounts of the United States - Z.1
S12.i.a Financial business 🕮 PDF
Billions of dollars
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA796902505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA796330081 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA796902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA796025005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA796020001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA796401001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA796240101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA796402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA796140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA796402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Property income (received) | FA796150105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Interest | FA796130101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Distributed income of corporations (dividends) | FA796121101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Reinvested earnings on U.S. direct investment abroad | FA793092281 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Less: Uses of property income (paid) | FA796150005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Interest | FA796130001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Distributed income of corporations | FA796120005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Dividends | FA796121001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Withdrawals from income of quasi-corporations | FA796122001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Reinvested earnings on foreign direct investment | FA793192281 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Rents on land and natural resources | FA796112001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Net national income/Balance of primary incomes, net | FA796140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Less: Current taxes on income, wealth, etc. (paid) | FA796220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Less: Other current transfers (paid) | FA796403005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Equals: Disposable income, net | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Equals: Net saving | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 27 | Net saving less capital transfers | FA796006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Net saving | FA796012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Less: Capital transfers paid (net) | FA795440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Capital formation, net | FA795015085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Gross fixed capital formation (nonresidential) | FA795013005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Less: Consumption of fixed capital | FA796330081 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 27-30) | FA795000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA795000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Net acquisition of financial assets | FA794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Currency and deposits | FA794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Debt securities | FA794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Open market paper | FA793069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Treasury securities | FA793061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Agency- and GSE-backed securities | FA793061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Municipal securities | FA793062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Corporate and foreign bonds | FA793063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Loans | FA794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Short-term | FA794041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Long-term | FA793065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Equity and investment fund shares | FA793081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Corporate equities | FA793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Money market fund shares | FA793034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Mutual fund shares | FA793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Equity in government-sponsored enterprises | FA793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | U.S. direct investment abroad: equity | FA793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Stock in Federal Reserve Banks | FA713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Equity investment in subsidiaries | FA793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Insurance, pension and standardized guarantee schemes | FA793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Other accounts receivable | FA793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Net incurrence of liabilities | FA794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Currency and deposits | FA794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Debt securities | FA794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Agency- and GSE-backed securities | FA423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Corporate bonds | FA793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Commercial paper | FA793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Loans (short-term) | FA794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Equity and investment fund shares | FA793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Corporate equity issues | FA793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Money market fund shares | FA634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Mutual fund shares | FA653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Equity in government-sponsored enterprises | FA403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Foreign direct investment in the U.S.: equity | FA793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Equity in noncorporate business | FA662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Equity investment by parent | FA793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Equity in Federal Reserve Banks | FA713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Equity investment in Federal Reserve facilities | FA503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Insurance, pension and standardized guarantee schemes | FA583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Other accounts payable | FA793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 75 | Net lending (+) or borrowing (-), financial account (lines 35-56) | FA795000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 76 | Total other volume changes | FV798090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Disaster losses | FV795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Other volume changes | FV798090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Less: Statistical discrepancy (lines 33-75) | FU797005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 80 | Nonfinancial assets | FR795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Structures (nonresidential) | FR795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Equipment | FR795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Intellectual property products | FR795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Financial assets | FR794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Currency and deposits | FR794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Debt securities | FR794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Loans | FR794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Corporate equities | FR793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Mutual fund shares | FR793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | U.S. direct investment abroad: equity | FR793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Insurance, pension, and standardized guarantee schemes | FR793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Other accounts receivable | FR793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Liabilities | FR794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Corporate equity issues | FR793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Mutual fund shares | FR653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Foreign direct investment in the U.S.: equity | FR793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Equity in noncorporate business | FR662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Equity investment by parent | FR793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Insurance, pension and standardized guarantee schemes | FR583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Other accounts payable | FR793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Changes in net worth due to nominal holding gains/losses | FR792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 102 | Change in net worth (lines 30+33+76+101) | FC792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 103 | Total assets | FL792000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Nonfinancial assets | LM795013865 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Structures (nonresidential) | LM795013665 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Equipment | LM795013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Intellectual property products | LM795013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Financial assets | FL794090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Currency and deposits | FL794000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Debt securities | FL794022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Open market paper | FL793069175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Treasury securities | FL793061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Agency- and GSE-backed securities | FL793061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Municipal securities | FL793062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Corporate and foreign bonds | FL793063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Loans | FL794035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Short-term | FL794041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Long-term | FL793065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Equity and investment fund shares | FL793081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Corporate equities | LM793064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Mutual fund shares | LM793064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Money market fund shares | FL793034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Equity in government-sponsored enterprises | FL793092405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | U.S. direct investment abroad: equity | LM793092105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Stock in Federal Reserve Banks | FL713164003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Equity investment in subsidiaries | FL793094605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Insurance, pension and standardized guarantee schemes | FL793052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Other accounts receivable | FL793096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Total liabilities and net worth | FL792100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Liabilities | FL794194005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Currency and deposits | FL794100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Debt securities | FL794122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Agency- and GSE-backed securities | FL423161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Corporate bonds | FL793163005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Commercial paper | FL793169175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Loans (short-term) | FL794141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Equity and investment fund shares | FL793181005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Money market fund shares | FL634090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Corporate equity issues | LM793164105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Mutual fund shares | LM653164205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | Equity in government-sponsored enterprises | FL403192405 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Foreign direct investment in the U.S.: equity | LM793192105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Equity in noncorporate business | LM662090003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 144 | Equity investment by parent | FL793194605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 145 | Equity in Federal Reserve Banks | FL713164005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 146 | Equity investment in Federal Reserve facilities | FL503194205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 147 | Insurance, pension and standardized guarantee schemes | FL583152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 148 | Other accounts payable | FL793196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 149 | Net worth | FL792090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Financial business includes depository institutions, insurance companies, pension funds, the central bank, and other financial institutions. Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.
- 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 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: 2026-05-22