Financial Accounts of the United States - Z.1
L.224 Corporate Equities (1)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; corporate equities; asset | LM893064105 | 81074.3 | 65609.5 | 78624.8 | 94176.4 | 85546.0 | 87460.9 | 92716.3 | 94176.4 | 90521.5 | 1 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 54534.1 | 42518.1 | 52271.7 | 63399.0 | 57214.4 | 58759.1 | 61968.1 | 63399.0 | 59202.0 | 2 |
| Nonfinancial corporate business; public corporate equities; liability (includes closely held before 1996q4) | LM103164115 | 45067.6 | 34243.0 | 42641.3 | 52066.2 | 46617.8 | 48172.2 | 50809.0 | 52066.2 | 48807.8 | 3 |
| Nonfinancial corporate business; closely held corporate equities; liability | LM103164125 | 9466.5 | 8275.1 | 9630.4 | 11332.7 | 10596.7 | 10586.9 | 11159.0 | 11332.7 | 10394.2 | 4 |
| Domestic financial sectors; corporate equities; liability | LM793164105 | 14478.9 | 12811.7 | 14870.5 | 18668.1 | 16220.4 | 16547.8 | 18016.9 | 18668.1 | 18843.8 | 5 |
| U.S.-chartered depository institutions; corporate equities; liability | LM763164105 | 170.2 | 125.3 | 100.3 | 113.8 | 99.1 | 93.5 | 106.7 | 113.8 | 116.0 | 6 |
| U.S.-chartered depository institutions; public corporate equities; liability (2) | LM763164113 | 158.9 | 115.0 | 91.6 | 104.0 | 91.0 | 85.4 | 97.4 | 104.0 | 107.0 | 7 |
| U.S.-chartered depository institutions; closely held corporate equities; liability | LM763164123 | 11.4 | 10.3 | 8.8 | 9.8 | 8.1 | 8.1 | 9.2 | 9.8 | 9.0 | 8 |
| Property-casualty insurance companies; corporate equities; liability | LM513164105 | 1024.5 | 1030.6 | 1154.1 | 1464.1 | 1365.4 | 1311.8 | 1484.7 | 1464.1 | 1688.9 | 9 |
| Property-casualty insurance companies; public corporate equities; liability | LM513164113 | 1018.5 | 1021.4 | 1144.8 | 1451.7 | 1353.8 | 1300.8 | 1472.8 | 1451.7 | 1677.0 | 10 |
| Property-casualty insurance companies; closely held corporate equities; liability | LM513164123 | 5.9 | 9.2 | 9.3 | 12.4 | 11.6 | 11.0 | 11.9 | 12.4 | 11.9 | 11 |
| Life insurance companies, general accounts; corporate equities; liability | LM543164175 | 235.3 | 243.8 | 255.5 | 289.4 | 279.2 | 266.3 | 296.0 | 289.4 | 297.3 | 12 |
| Life insurance companies, general accounts; public corporate equities; liability | LM543164113 | 231.3 | 237.5 | 248.6 | 280.3 | 271.3 | 258.6 | 287.6 | 280.3 | 289.9 | 13 |
| Life insurance companies, general accounts; closely held corporate equities; liability | LM543164123 | 4.0 | 6.3 | 6.9 | 9.0 | 7.9 | 7.7 | 8.5 | 9.0 | 7.4 | 14 |
| Closed-end funds; total financial assets | LM554090005 | 310.1 | 252.7 | 255.2 | 258.3 | 260.5 | 258.9 | 266.6 | 258.3 | 254.7 | 15 |
| Exchange-traded funds; total financial assets | LM564090005 | 7190.5 | 6476.9 | 8085.7 | 10305.0 | 8842.7 | 9142.9 | 9968.2 | 10305.0 | 10368.7 | 16 |
| Government-sponsored enterprises; corporate equities; liability (2) | LM403164105 | 34.1 | 31.6 | 33.7 | 39.3 | 35.2 | 34.6 | 34.6 | 39.3 | 44.2 | 17 |
| Mortgage real estate investment trusts; corporate equities; liability | LM643164105 | 83.4 | 61.0 | 66.9 | 65.2 | 65.6 | 63.8 | 71.1 | 65.2 | 68.8 | 18 |
| Mortgage real estate investment trusts; public corporate equities; liability | LM643164113 | 77.9 | 56.8 | 62.2 | 60.4 | 60.9 | 59.1 | 65.8 | 60.4 | 64.2 | 19 |
| Mortgage real estate investment trusts; closely held corporate equities; liability | LM643164123 | 5.4 | 4.2 | 4.7 | 4.8 | 4.7 | 4.7 | 5.3 | 4.8 | 4.6 | 20 |
| Security brokers and dealers; corporate equities; liability | LM663164105 | 167.6 | 117.0 | 132.6 | 197.5 | 148.5 | 157.1 | 166.5 | 197.5 | 186.0 | 21 |
| Security brokers and dealers; public corporate equities; liability | LM663164113 | 164.0 | 113.5 | 128.7 | 190.2 | 143.5 | 151.5 | 160.6 | 190.2 | 179.3 | 22 |
| Security brokers and dealers; closely held corporate equities; liability | LM663164123 | 3.6 | 3.5 | 3.9 | 7.3 | 5.0 | 5.5 | 5.8 | 7.3 | 6.7 | 23 |
| Holding companies; corporate equities; liability | LM733164105 | 3068.3 | 2511.7 | 2651.5 | 3445.6 | 2911.2 | 2923.0 | 3083.7 | 3445.6 | 3292.4 | 24 |
| Holding companies; public corporate equities; liability (2) | LM733164113 | 2921.5 | 2379.7 | 2509.2 | 3254.6 | 2751.4 | 2762.6 | 2915.4 | 3254.6 | 3120.3 | 25 |
| Holding companies; closely held corporate equities; liability | LM733164123 | 146.7 | 132.0 | 142.4 | 191.0 | 159.8 | 160.3 | 168.3 | 191.0 | 172.1 | 26 |
| Other financial business; corporate equities; liability | LM503164105 | 2195.0 | 1961.2 | 2135.0 | 2490.0 | 2213.0 | 2296.1 | 2538.9 | 2490.0 | 2526.9 | 27 |
| Other financial business; public corporate equities; liability (2) | LM503164115 | 2084.3 | 1857.1 | 2013.6 | 2342.4 | 2078.4 | 2160.6 | 2400.2 | 2342.4 | 2389.2 | 28 |
| Other financial business; closely held corporate equities; liability | LM503164125 | 110.7 | 104.1 | 121.4 | 147.5 | 134.6 | 135.5 | 138.8 | 147.5 | 137.8 | 29 |
| Rest of the world; foreign corporate equities including foreign investment fund shares; liability (3) | LM263164100 | 12061.3 | 10279.7 | 11482.6 | 12109.3 | 12111.1 | 12154.1 | 12731.4 | 12109.3 | 12475.8 | 30 |
| All sectors; corporate equities; asset | LM893064105 | 81074.3 | 65609.5 | 78624.8 | 94176.4 | 85546.0 | 87460.9 | 92716.3 | 94176.4 | 90521.5 | 31 |
| Households and nonprofit organizations; corporate equities; asset | LM153064105 | 33033.0 | 27305.9 | 32654.0 | 39398.9 | 35511.4 | 36389.3 | 38725.1 | 39398.9 | 37887.1 | 32 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 3144.9 | 2397.6 | 2913.8 | 3196.4 | 3121.2 | 3151.6 | 3228.8 | 3196.4 | 2955.5 | 33 |
| Federal government; corporate equities; asset | LM313064105 | 33.2 | 33.2 | 33.2 | 33.2 | 33.2 | 33.2 | 33.2 | 33.2 | 33.2 | 34 |
| State and local governments; corporate equities; asset | LM213064103 | 121.5 | 121.7 | 135.7 | 146.8 | 137.8 | 141.5 | 149.3 | 146.8 | 150.0 | 35 |
| Monetary authority; corporate equities; asset | FL713064103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 36 |
| U.S.-chartered depository institutions; corporate equities, excluding Federal Reserve stock and equity in GSEs; asset | LM763064103 | 60.4 | 51.4 | 59.7 | 79.8 | 75.8 | 75.0 | 82.0 | 79.8 | 81.2 | 37 |
| Foreign banking offices in the U.S.; corporate equities; asset | FL753064103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 38 |
| Property-casualty insurance companies; corporate equities, including those held by U.S. residual market reinsurers; asset | LM513064105 | 642.8 | 532.9 | 596.3 | 545.9 | 598.8 | 549.9 | 544.7 | 545.9 | 538.9 | 39 |
| Life insurance companies; corporate equities; asset | LM543064105 | 810.6 | 658.9 | 696.4 | 800.5 | 744.0 | 772.2 | 802.8 | 800.5 | 783.6 | 40 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3869.8 | 3177.5 | 3948.8 | 4866.4 | 4343.8 | 4484.6 | 4751.4 | 4866.4 | 4622.1 | 41 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 524.0 | 418.7 | 534.5 | 649.8 | 585.6 | 601.7 | 635.5 | 649.8 | 598.4 | 42 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 3369.8 | 2963.5 | 3186.9 | 3386.5 | 3357.7 | 3346.1 | 3437.1 | 3386.5 | 3241.7 | 43 |
| Mutual funds; corporate equities; asset | LM653064100 | 15533.8 | 11867.0 | 13882.1 | 15716.1 | 14994.6 | 15149.6 | 15905.7 | 15716.1 | 15084.4 | 44 |
| Closed-end funds; corporate equities; asset | LM553064103 | 123.4 | 99.4 | 100.7 | 106.4 | 105.2 | 104.6 | 109.3 | 106.4 | 104.1 | 45 |
| Exchange-traded funds; corporate equities; asset | LM563064100 | 5803.3 | 5059.1 | 6433.3 | 8352.5 | 7148.7 | 7380.6 | 8030.2 | 8352.5 | 8248.6 | 46 |
| Security brokers and dealers; corporate equities (net); asset | LM663064105 | 105.6 | 47.6 | 116.1 | 143.2 | 116.8 | 131.3 | 156.4 | 143.2 | 148.7 | 47 |
| Other financial business; corporate equities; asset | FL503064105 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 48 |
| Rest of the world; U.S. corporate equities; asset (4) | LM263064105 | 13898.3 | 10874.9 | 13333.2 | 16753.7 | 14671.3 | 15149.6 | 16124.9 | 16753.7 | 16044.0 | 49 |
| All domestic sectors; public corporate equities; liability (5) | LM883164115 | 59258.7 | 46785.2 | 57214.5 | 70352.6 | 62506.5 | 64387.2 | 68478.1 | 70352.6 | 67302.1 | 50 |
| All domestic sectors; closely held corporate equities; liability (6) | LM883164123 | 9754.3 | 8544.6 | 9927.8 | 11714.5 | 10928.4 | 10919.7 | 11506.8 | 11714.5 | 10743.7 | 51 |
| All domestic sectors; closely held S corporation corporate equities; liability | LM883164133 | 7433.4 | 6596.2 | 7795.4 | 9260.4 | 8539.4 | 8574.0 | 9052.9 | 9260.4 | 8529.7 | 52 |
| All domestic sectors; closely held C corporation corporate equities; liability | LM883164135 | 2320.9 | 1948.4 | 2132.3 | 2454.2 | 2388.9 | 2345.7 | 2454.0 | 2454.2 | 2214.0 | 53 |
| Interest rates and price indexes; Dow Jones U.S. Total Market Index | PC073164013 | 24.01 | -20.80 | 24.06 | 22.21 | 9.66 | 2.89 | 5.81 | 2.37 | -5.18 | 54 |
NOTES
- Includes shares of exchange-traded funds, closed-end funds, and real estate investment trusts. Excludes mutual fund shares shown on table L.226.
- Includes corporate equities issued by financial corporations under the federal financial stabilization programs.
- Holdings of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).
- Holdings of U.S. issues by foreign residents.
- Equal to the sum of lines 3, 7, 10, 13, 15, 16, 17, 19, 22, 25, and 28.
- Equal to the sum of lines 4, 8, 11, 14, 20, 23, 26, and 29.
Last Update: June 12, 2025