Financial Accounts of the United States - Z.1
B.104 Balance Sheet of Nonfinancial Noncorporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial noncorporate business; total assets | FL112000005 | 26029.3 | 27923.3 | 27812.4 | 28230.0 | 27664.1 | 27880.5 | 28034.4 | 28230.0 | 28279.2 | 1 |
| Nonfinancial noncorporate business; nonfinancial assets | LM112010005 | 18320.3 | 19170.0 | 18845.7 | 19028.1 | 18637.8 | 18808.0 | 18901.7 | 19028.1 | 19018.6 | 2 |
| Nonfinancial noncorporate business; real estate at market value (1) | LM115035005 | 16662.1 | 17362.1 | 16955.3 | 17104.5 | 16730.1 | 16896.9 | 16981.8 | 17104.5 | 17081.2 | 3 |
| Nonfinancial noncorporate business; residential real estate at market value | LM115035023 | 10050.7 | 10548.1 | 10245.6 | 10346.7 | 10108.8 | 10208.8 | 10301.9 | 10346.7 | 10339.2 | 4 |
| Nonfinancial noncorporate business; nonresidential real estate at market value | LM115035035 | 6611.4 | 6813.9 | 6709.7 | 6757.8 | 6621.3 | 6688.0 | 6679.9 | 6757.8 | 6742.0 | 5 |
| Nonfinancial noncorporate business; equipment, current cost basis (2) | LM115015205 | 999.7 | 1085.9 | 1126.3 | 1114.2 | 1127.6 | 1121.8 | 1121.1 | 1114.2 | 1107.9 | 6 |
| Nonfinancial noncorporate business; residential equipment, current cost basis (3) | LM115012265 | 87.9 | 91.6 | 89.5 | 91.4 | 91.0 | 90.0 | 91.4 | 91.4 | 90.2 | 7 |
| Nonfinancial noncorporate business; nonresidential equipment, current cost basis | LM115013265 | 911.8 | 994.3 | 1036.8 | 1022.8 | 1036.6 | 1031.7 | 1029.8 | 1022.8 | 1017.7 | 8 |
| Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis (2) | LM115013765 | 373.4 | 413.6 | 451.8 | 479.9 | 458.3 | 464.7 | 471.8 | 479.9 | 487.0 | 9 |
| Nonfinancial noncorporate business; inventories (2) | LM115020005 | 285.0 | 308.5 | 312.4 | 329.4 | 321.8 | 324.7 | 327.0 | 329.4 | 342.6 | 10 |
| Nonfinancial noncorporate business; total financial assets | FL114090005 | 7709.0 | 8753.4 | 8966.6 | 9201.9 | 9026.3 | 9072.5 | 9132.7 | 9201.9 | 9260.6 | 11 |
| Nonfinancial noncorporate business; checkable deposits and currency; asset | FL113020005 | 469.5 | 483.9 | 496.0 | 520.5 | 511.0 | 513.5 | 516.8 | 520.5 | 524.1 | 12 |
| Nonfinancial noncorporate business; total time and savings deposits; asset | FL113030003 | 1381.6 | 1427.6 | 1462.6 | 1499.1 | 1470.4 | 1477.9 | 1487.8 | 1499.1 | 1508.5 | 13 |
| Nonfinancial noncorporate business; money market fund shares; asset | FL113034003 | 130.7 | 135.3 | 138.6 | 142.1 | 139.3 | 140.1 | 141.0 | 142.1 | 143.0 | 14 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 75.9 | 85.7 | 87.8 | 90.0 | 88.3 | 88.8 | 89.3 | 90.0 | 90.6 | 15 |
| Nonfinancial noncorporate business; total U.S. government securities; asset | LM113061003 | 71.3 | 82.5 | 84.5 | 86.7 | 85.0 | 85.4 | 86.0 | 86.7 | 87.2 | 16 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 4.7 | 3.2 | 3.3 | 3.4 | 3.3 | 3.3 | 3.4 | 3.4 | 3.4 | 17 |
| Nonfinancial noncorporate business; loans; asset | FL114023005 | 51.6 | 53.8 | 55.2 | 56.5 | 55.5 | 55.7 | 56.1 | 56.5 | 56.9 | 18 |
| Nonfinancial noncorporate business; total mortgages; asset | FL113065005 | 51.6 | 53.8 | 55.2 | 56.5 | 55.5 | 55.7 | 56.1 | 56.5 | 56.9 | 19 |
| Nonfinancial noncorporate business; consumer credit; asset | FL113066003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 20 |
| Nonfinancial noncorporate business; equity in Farm Credit System; asset (4) | FL113092405 | 14.2 | 15.1 | 18.3 | 19.1 | 18.1 | 18.7 | 18.6 | 19.1 | 18.8 | 21 |
| Nonfinancial noncorporate business; trade receivables; asset | FL113070003 | 1019.9 | 1163.1 | 1191.6 | 1221.4 | 1197.9 | 1204.1 | 1212.1 | 1221.4 | 1229.0 | 22 |
| Nonfinancial noncorporate business; total miscellaneous assets | FL113090005 | 4565.5 | 5388.7 | 5516.5 | 5653.1 | 5545.7 | 5573.7 | 5610.9 | 5653.1 | 5689.7 | 23 |
| Nonfinancial noncorporate business; insurance receivables due from property-casualty insurance companies; asset | FL113076005 | 152.9 | 162.7 | 172.4 | 181.7 | 174.9 | 178.2 | 182.2 | 181.7 | 185.8 | 24 |
| Nonfinancial noncorporate business; Paycheck Protection Program receivables due from federal government; asset | FL113072003 | 43.5 | 1.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 25 |
| Nonfinancial noncorporate business; unidentified miscellaneous assets | FL113093005 | 4369.1 | 5224.1 | 5344.0 | 5471.4 | 5370.8 | 5395.5 | 5428.7 | 5471.4 | 5503.9 | 26 |
| Nonfinancial noncorporate business; total liabilities and equity | FL114194005 | 26029.3 | 27923.3 | 27812.4 | 28230.0 | 27664.1 | 27880.5 | 28034.4 | 28230.0 | 28279.2 | 27 |
| Nonfinancial noncorporate business; total liabilities | FL114190005 | 10568.4 | 11864.0 | 12210.8 | 12579.0 | 12273.7 | 12356.4 | 12454.8 | 12579.0 | 12671.1 | 28 |
| Nonfinancial noncorporate business; loans; liability | FL114123005 | 6890.5 | 7429.4 | 7592.9 | 7774.5 | 7627.9 | 7673.0 | 7712.2 | 7774.5 | 7812.6 | 29 |
| Nonfinancial noncorporate business; depository institution loans n.e.c.; liability | FL113168005 | 1555.8 | 1713.9 | 1703.4 | 1712.1 | 1694.7 | 1703.1 | 1703.3 | 1712.1 | 1719.5 | 30 |
| Nonfinancial noncorporate business; other loans and advances; liability | FL113169005 | 430.2 | 473.9 | 469.9 | 494.4 | 469.6 | 477.2 | 482.7 | 494.4 | 495.7 | 31 |
| Nonfinancial noncorporate business; total mortgages; liability | FL113165005 | 4904.5 | 5241.7 | 5419.5 | 5568.0 | 5463.7 | 5492.6 | 5526.3 | 5568.0 | 5597.3 | 32 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | LM115114305 | 4.6 | 4.3 | 4.9 | 4.9 | 4.9 | 5.1 | 5.0 | 4.9 | 5.0 | 33 |
| Nonfinancial noncorporate business; trade payables; liability | FL113170005 | 741.7 | 831.7 | 854.7 | 870.9 | 860.2 | 863.0 | 868.7 | 870.9 | 875.5 | 34 |
| Nonfinancial noncorporate business; taxes payable; liability | FL113178003 | 202.3 | 229.7 | 239.3 | 249.4 | 241.5 | 243.5 | 246.3 | 249.4 | 252.0 | 35 |
| Nonfinancial noncorporate business; unidentified miscellaneous liabilities | FL113193003 | 2729.4 | 3368.9 | 3518.9 | 3679.4 | 3539.2 | 3571.8 | 3622.7 | 3679.4 | 3726.1 | 36 |
| Nonfinancial noncorporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | FL113181115 | 15460.8 | 16059.3 | 15601.6 | 15651.0 | 15390.4 | 15524.1 | 15579.5 | 15651.0 | 15608.1 | 37 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | LM115114103 | 124.8 | 95.7 | 140.4 | 161.3 | 151.6 | 154.4 | 161.1 | 161.3 | 159.3 | 38 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business (5) | LM112090205 | 15336.0 | 15963.6 | 15461.2 | 15489.7 | 15238.8 | 15369.7 | 15418.5 | 15489.7 | 15448.7 | 39 |
| Nonfinancial noncorporate business; net worth | FL112090005 | 15460.8 | 16059.3 | 15601.6 | 15651.0 | 15390.4 | 15524.1 | 15579.5 | 15651.0 | 15608.1 | 40 |
| Nonfinancial noncorporate business; residential structures, current cost basis | FL115012665 | 4784.9 | 5282.5 | 5388.8 | 5544.7 | 5393.1 | 5452.9 | 5509.2 | 5544.7 | 5611.9 | 41 |
| Nonfinancial noncorporate business; nonresidential structures, current cost basis | FL115013665 | 2684.8 | 3073.8 | 3127.3 | 3074.2 | 3099.6 | 3090.2 | 3091.7 | 3074.2 | 3072.1 | 42 |
| Nonfinancial noncorporate business; debt as a percentage of net worth | FL114104006 | 44.57 | 46.26 | 48.67 | 49.67 | 49.56 | 49.43 | 49.50 | 49.67 | 50.06 | 43 |
NOTES
- At market value.
- At replacement (current) cost.
- Durable goods in rental properties.
- Equity in the Farm Credit System.
- Included in table B.101, line 24.
Last Update: June 12, 2025