L.4.s Net Stocks of Fixed Assets, current cost
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2019 2020 2021 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 Line
All domestic sectors; gross fixed investment, current cost basis FL885019865 65449.6 68369.7 77852.3 88876.9 81149.4 84456.7 87117.3 88876.9 90127.9 1
All domestic sectors; gross fixed investment, structures, current cost basis FL885019665 52303.6 54638.4 63060.6 72474.1 65948.7 68794.3 71078.5 72474.1 73283.0 2
All domestic sectors; gross fixed investment, equipment, current cost basis FL885019265 8343.1 8508.8 9182.0 10265.9 9463.1 9777.7 10010.8 10265.9 10544.3 3
All domestic sectors; nonresidential intellectual property products, current cost basis FL885013765 4802.9 5222.5 5609.7 6137.0 5737.6 5884.7 6028.0 6137.0 6300.6 4
All domestic sectors; nonresidential software, current cost basis FL885013365 895.4 957.6 1033.2 1100.0 1048.2 1072.0 1097.7 1100.0 1146.2 5
All domestic sectors; nonresidential research and development, current cost basis FL885013465 3355.1 3700.8 3985.6 4401.7 4087.8 4195.2 4303.5 4401.7 4505.0 6
Private domestic sectors; nonresidential entertainment, literary, and artistic originals, current cost basis FL835013565 552.4 564.1 590.9 635.2 601.7 617.4 626.8 635.2 649.4 7
All domestic sectors; gross fixed investment, current cost basis FL885019865 65449.6 68369.7 77852.3 88876.9 81149.4 84456.7 87117.3 88876.9 90127.9 8
Households and nonprofit organizations; structures, equipment, and intellectual property products, current cost basis (Fixed assets basis) FL155015015 21546.0 23058.1 27030.0 30637.5 28308.1 29445.4 30159.7 30637.5 30678.6 9
Nonfinancial corporate business; structures, equipment, and intellectual property products, current cost basis (includes used car premium and REITs residential structures) (1) FL105015085 18599.9 19020.1 21273.1 24042.0 21982.5 22763.8 23577.2 24042.0 24535.6 10
Nonfinancial noncorporate business; structures, equipment, and intellectual property products, current cost basis (NIPA basis) FL115015005 7483.8 7795.6 8829.5 11046.6 9434.9 10042.2 10601.3 11046.6 11422.7 11
Federal government; nonfinancial assets (does not include land) FL315015005 3608.0 3756.8 4034.8 4387.3 4140.0 4255.8 4321.0 4387.3 4448.9 12
State and local governments; net fixed investment (NIPA basis) FL215015005 12086.0 12556.9 14213.3 15981.3 14733.4 15310.5 15723.4 15981.3 16201.9 13
Domestic financial sectors; nonfinancial assets (does not include land) (2) FL795013865 2126.0 2182.1 2471.6 2782.2 2550.4 2639.0 2734.8 2782.2 2840.1 14
Monetary authority; nonresidential structures, equipment, and intellectual property products, current cost basis FL715013865 10.8 11.0 12.5 14.2 12.9 13.4 13.9 14.2 14.4 15
Private depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis FL705013865 488.1 508.1 584.4 669.6 605.9 629.7 656.2 669.6 685.5 16
U.S.-chartered depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis FL765013865 367.2 376.1 426.9 488.9 442.5 459.9 479.1 488.9 500.6 17
Foreign banking offices in the U.S.; nonresidential structures, equipment, and intellectual property products, current cost basis FL755013865 57.1 63.4 76.2 87.4 79.0 82.1 85.6 87.4 89.4 18
Banks in U.S.-affiliated areas; nonresidential structures, equipment, and intellectual property products, current cost basis FL745013865 1.7 1.6 1.8 2.1 1.9 2.0 2.1 2.1 2.2 19
Credit unions; nonresidential structures, equipment, and intellectual property products, current cost basis FL475013865 62.2 67.1 79.5 91.2 82.5 85.7 89.4 91.2 93.4 20
Property-casualty insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis FL515013865 166.2 174.7 200.9 229.1 208.0 216.0 224.8 229.1 235.2 21
Life insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis FL545013865 137.8 146.5 169.0 193.7 175.2 182.1 189.7 193.7 199.0 22
Private pension funds; nonresidential structures, equipment, and intellectual property products, current cost basis FL575013865 2.2 2.2 2.2 2.4 2.2 2.3 2.4 2.4 2.5 23
State and local government employee retirement funds; nonresidential structures, equipment, and intellectual property products, current cost basis FL225013865 6.4 6.5 7.7 8.8 8.0 8.3 8.7 8.8 8.9 24
Government-sponsored enterprises; nonresidential structures, equipment, and intellectual property products, current cost basis FL405013865 5.0 3.5 3.8 4.2 3.9 4.0 4.1 4.2 4.2 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 499.0 488.6 519.1 546.3 526.5 535.7 542.4 546.3 551.3 27
Real estate investment trusts; nonresidential structures, equipment, and intellectual property products, current cost basis (1) FL125013865 181.7 191.1 230.7 272.1 241.1 252.3 265.3 272.1 278.9 28
Security brokers and dealers; nonresidential structures, equipment, and intellectual property products, current cost basis FL665013865 216.6 235.7 274.5 320.6 286.0 298.7 312.7 320.6 330.3 29
Holding companies; nonresidential structures, equipment, and intellectual property products, current cost basis FL735013865 412.0 414.2 466.7 521.2 480.6 496.4 514.6 521.2 529.9 30
Eqtuity real estate investment trusts; residential structures, current cost basis (1) FL125012665 203.9 203.4 206.7 207.6 208.8 209.7 208.5 207.6 206.4 31
Households and nonprofit organizations; consumer durable goods, current cost basis (3) FL155111005 5731.4 6134.4 7121.6 7678.3 7364.1 7493.6 7638.5 7678.3 7745.3 32
Nonfinancial business; inventories (4) FL145020005 2903.0 2912.5 3394.4 3704.4 3611.7 3777.2 3740.0 3704.4 3708.6 33

NOTES

  1. 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.
  2. Domestic financial subsector detail, including REITs, are based on FRB staff estimates.
  3. 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).
  4. Not included above.
Last Update: June 8, 2023