Financial Accounts of the United States - Z.1
L.4.s Net Stocks of Fixed Assets, current cost
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2018 | 2019 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All domestic sectors; gross fixed investment, current cost basis | FL885019865 | 62891.4 | 65354.2 | 68069.7 | 76180.6 | 69544.7 | 71446.5 | 73483.5 | 76180.6 | 79209.4 | 1 |
| All domestic sectors; gross fixed investment, structures, current cost basis | FL885019665 | 50275.7 | 52219.3 | 54388.6 | 61628.3 | 55682.4 | 57468.5 | 59245.6 | 61628.3 | 64293.6 | 2 |
| All domestic sectors; gross fixed investment, equipment, current cost basis | FL885019265 | 8068.7 | 8340.0 | 8534.9 | 9083.9 | 8658.9 | 8690.8 | 8864.5 | 9083.9 | 9334.4 | 3 |
| All domestic sectors; nonresidential intellectual property products, current cost basis | FL885013765 | 4547.0 | 4794.9 | 5146.2 | 5468.3 | 5203.4 | 5287.2 | 5373.4 | 5468.3 | 5581.4 | 4 |
| All domestic sectors; nonresidential software, current cost basis | FL885013365 | 835.3 | 893.2 | 949.9 | 1014.7 | 952.3 | 975.3 | 995.5 | 1014.7 | 1028.7 | 5 |
| All domestic sectors; nonresidential research and development, current cost basis | FL885013465 | 3180.0 | 3348.9 | 3636.2 | 3865.3 | 3684.6 | 3739.0 | 3796.4 | 3865.3 | 3952.5 | 6 |
| Private domestic sectors; nonresidential entertainment, literary, and artistic originals, current cost basis | FL835013565 | 531.7 | 552.8 | 560.1 | 588.3 | 566.4 | 572.9 | 581.5 | 588.3 | 600.2 | 7 |
| All domestic sectors; gross fixed investment, current cost basis | FL885019865 | 62891.4 | 65354.2 | 68069.7 | 76180.6 | 69544.7 | 71446.5 | 73483.5 | 76180.6 | 79209.4 | 8 |
| Households and nonprofit organizations; structures, equipment, and intellectual property products, current cost basis (Fixed assets basis) | FL155015015 | 20735.3 | 21546.9 | 23001.8 | 26449.0 | 23741.2 | 24651.6 | 25560.0 | 26449.0 | 27669.5 | 9 |
| Nonfinancial corporate business; structures, equipment, and intellectual property products, current cost basis (includes used car premium and REITs residential structures) (1) | FL105015085 | 17792.7 | 18590.5 | 19002.9 | 20734.0 | 19219.7 | 19507.4 | 19926.7 | 20734.0 | 21470.3 | 10 |
| Nonfinancial noncorporate business; structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FL115015005 | 7248.1 | 7482.9 | 7747.8 | 8773.9 | 7938.5 | 8180.2 | 8444.9 | 8773.9 | 9154.7 | 11 |
| Federal government; nonfinancial assets (does not include land) | FL315015005 | 3521.3 | 3603.7 | 3734.0 | 4024.6 | 3784.9 | 3860.9 | 3933.3 | 4024.6 | 4133.5 | 12 |
| State and local governments; net fixed investment (NIPA basis) | FL215015005 | 11569.6 | 12005.7 | 12412.8 | 13834.2 | 12669.1 | 13023.2 | 13345.8 | 13834.2 | 14335.9 | 13 |
| Domestic financial sectors; nonfinancial assets (does not include land) (2) | FL795013865 | 2024.4 | 2124.5 | 2170.4 | 2364.9 | 2191.3 | 2223.4 | 2272.8 | 2364.9 | 2445.5 | 14 |
| Monetary authority; nonresidential structures, equipment, and intellectual property products, current cost basis | FL715013865 | 10.6 | 10.7 | 10.8 | 11.7 | 10.8 | 11.0 | 11.2 | 11.7 | 12.1 | 15 |
| Private depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL705013865 | 448.9 | 488.2 | 516.5 | 586.2 | 526.1 | 539.8 | 557.1 | 586.2 | 612.1 | 16 |
| U.S.-chartered depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL765013865 | 327.0 | 367.2 | 382.2 | 433.5 | 389.3 | 399.4 | 412.2 | 433.5 | 452.6 | 17 |
| Foreign banking offices in the U.S.; nonresidential structures, equipment, and intellectual property products, current cost basis | FL755013865 | 48.9 | 57.1 | 64.4 | 73.2 | 65.6 | 67.4 | 69.5 | 73.2 | 76.5 | 18 |
| Banks in U.S.-affiliated areas; nonresidential structures, equipment, and intellectual property products, current cost basis | FL745013865 | 1.7 | 1.7 | 1.7 | 1.9 | 1.7 | 1.7 | 1.8 | 1.9 | 2.0 | 19 |
| Credit unions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL475013865 | 71.4 | 62.2 | 68.2 | 77.5 | 69.5 | 71.3 | 73.6 | 77.5 | 81.0 | 20 |
| Property-casualty insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL515013865 | 158.6 | 165.9 | 170.7 | 187.5 | 172.4 | 175.7 | 179.9 | 187.5 | 193.9 | 21 |
| Life insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL545013865 | 130.5 | 136.9 | 141.7 | 155.7 | 143.2 | 146.1 | 149.6 | 155.7 | 161.1 | 22 |
| Private pension funds; nonresidential structures, equipment, and intellectual property products, current cost basis | FL575013865 | 3.2 | 2.2 | 2.2 | 2.4 | 2.2 | 2.2 | 2.3 | 2.4 | 2.4 | 23 |
| State and local government employee retirement funds; nonresidential structures, equipment, and intellectual property products, current cost basis | FL225013865 | 5.4 | 6.4 | 6.4 | 6.9 | 6.4 | 6.5 | 6.6 | 6.9 | 7.2 | 24 |
| Government-sponsored enterprises; nonresidential structures, equipment, and intellectual property products, current cost basis | FL405013865 | 5.3 | 5.0 | 3.5 | 3.6 | 3.4 | 3.5 | 3.5 | 3.6 | 3.7 | 25 |
| Issuers of asset-backed securities; consumer leases | FL675013263 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26 |
| Finance companies; nonresidential structures, equipment, and intellectual property products excluding securitized equipment, current cost basis | FL615013865 | 491.7 | 500.1 | 487.5 | 488.1 | 486.3 | 480.8 | 482.4 | 488.1 | 494.0 | 27 |
| Real estate investment trusts; nonresidential structures, equipment, and intellectual property products, current cost basis (1) | FL125013865 | 170.7 | 182.0 | 188.2 | 213.2 | 191.0 | 195.6 | 201.6 | 213.2 | 223.1 | 28 |
| Security brokers and dealers; nonresidential structures, equipment, and intellectual property products, current cost basis | FL665013865 | 198.6 | 215.5 | 229.3 | 260.4 | 233.5 | 239.8 | 247.5 | 260.4 | 271.9 | 29 |
| Holding companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL735013865 | 400.8 | 411.5 | 413.8 | 449.2 | 416.0 | 422.4 | 431.1 | 449.2 | 464.0 | 30 |
| Eqtuity real estate investment trusts; residential structures, current cost basis (1) | FL125012665 | 200.9 | 203.9 | 203.4 | 206.7 | 202.4 | 202.6 | 204.2 | 206.7 | 208.8 | 31 |
| Households and nonprofit organizations; consumer durable goods, current cost basis (3) | FL155111005 | 5512.7 | 5730.5 | 6081.0 | 7285.7 | 6267.1 | 6688.9 | 6974.2 | 7285.7 | 7532.7 | 32 |
| Nonfinancial business; inventories (4) | FL145020005 | 2832.6 | 2901.3 | 2910.8 | 3374.6 | 3040.9 | 3165.4 | 3227.5 | 3374.6 | 3583.6 | 33 |
NOTES
- Equity REIT residential structures are included with the nonfinancial corporate business sector, consistent with their treatment in the NIPAs. In the Financial Accounts, equity REIT residential structures are included with the financial business sector.
- Domestic financial subsector detail, including REITs, are based on FRB staff estimates.
- Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector fixed investment (table B.101, line 8).
- Not included above.
Last Update: June 9, 2022