Financial Accounts of the United States - Z.1
F.104 Nonfinancial Noncorporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial noncorporate business; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (gross saving) (NIPA basis) | FA116300005 | 447.6 | 474.6 | 496.8 | 487.2 | 493.6 | 500.6 | 506.0 | 510.0 | 515.1 | 1 |
| Nonfinancial noncorporate business; gross saving less net capital transfers paid (1) | FA116000105 | 457.7 | 474.6 | 505.7 | 487.2 | 493.6 | 515.4 | 526.8 | 540.5 | 515.1 | 2 |
| Nonfinancial noncorporate business; gross saving less net capital transfers paid | FA116000105 | 457.7 | 474.6 | 505.7 | 487.2 | 493.6 | 515.4 | 526.8 | 540.5 | 515.1 | 3 |
| Nonfinancial noncorporate business; total capital expenditures | FA115050005 | 577.5 | 602.1 | 649.4 | 626.0 | 661.5 | 665.4 | 644.7 | 684.0 | 647.5 | 4 |
| Nonfinancial noncorporate business; gross fixed investment (2) | FA115019005 | 561.5 | 597.2 | 638.0 | 624.7 | 642.2 | 648.2 | 636.8 | 649.7 | 649.5 | 5 |
| Nonfinancial noncorporate business; inventories | FA115020005 | 16.0 | 4.8 | 11.5 | 1.3 | 19.4 | 17.3 | 7.9 | 34.2 | -2.0 | 6 |
| Nonfinancial noncorporate business; net lending (+) or borrowing (-) (financial account) | FA115000005 | -119.8 | -127.4 | -143.7 | -138.8 | -168.0 | -150.1 | -117.9 | -143.4 | -132.4 | 7 |
| Nonfinancial noncorporate business; total financial assets | FA114090005 | 1056.1 | 211.2 | 251.3 | 258.2 | 201.0 | 240.3 | 305.6 | 231.3 | 157.1 | 8 |
| Nonfinancial noncorporate business; checkable deposits and currency; asset | FA113020005 | 14.4 | 12.1 | 29.6 | 65.3 | 15.1 | 18.1 | 20.0 | 16.2 | 11.8 | 9 |
| Nonfinancial noncorporate business; total time and savings deposits; asset | FA113030003 | 46.1 | 35.0 | 36.5 | 30.9 | 30.3 | 39.4 | 45.4 | 37.5 | 23.9 | 10 |
| Nonfinancial noncorporate business; money market fund shares; asset | FA113034003 | 4.6 | 3.3 | 3.5 | 2.9 | 2.9 | 3.7 | 4.3 | 3.5 | 2.3 | 11 |
| Nonfinancial noncorporate business; debt securities; asset | FA114022005 | 21.5 | 0.0 | 3.2 | 6.6 | 2.8 | -13.1 | 16.3 | -6.2 | 0.9 | 12 |
| Nonfinancial noncorporate business; total U.S. government securities; asset | FA113061003 | 22.4 | 0.1 | 3.0 | 6.4 | 2.7 | -12.9 | 16.0 | -6.5 | 0.7 | 13 |
| Nonfinancial noncorporate business; municipal securities; asset | FA113062003 | -0.9 | -0.0 | 0.1 | 0.2 | 0.1 | -0.2 | 0.3 | 0.3 | 0.2 | 14 |
| Nonfinancial noncorporate business; loans; asset | FA114023005 | 2.3 | 1.3 | 1.4 | 1.2 | 1.1 | 1.5 | 1.7 | 1.4 | 0.9 | 15 |
| Nonfinancial noncorporate business; total mortgages; asset | FA113065005 | 2.3 | 1.3 | 1.4 | 1.2 | 1.1 | 1.5 | 1.7 | 1.4 | 0.9 | 16 |
| Nonfinancial noncorporate business; consumer credit; asset | FA113066003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 17 |
| Nonfinancial noncorporate business; equity in Farm Credit System; asset (3) | FA113092405 | 0.9 | 3.2 | 0.8 | -0.7 | 2.4 | -0.4 | 2.1 | -1.3 | 1.1 | 18 |
| Nonfinancial noncorporate business; trade receivables; asset | FA113070003 | 143.2 | 28.5 | 29.7 | 25.2 | 24.7 | 32.1 | 37.0 | 30.5 | 19.5 | 19 |
| Nonfinancial noncorporate business; total miscellaneous assets | FA113090005 | 823.2 | 127.8 | 146.5 | 126.9 | 121.6 | 158.9 | 178.7 | 149.7 | 96.7 | 20 |
| Nonfinancial noncorporate business; insurance receivables due from property-casualty insurance companies; asset | FA113076005 | 9.7 | 9.8 | 19.2 | 19.9 | 22.9 | 26.0 | 8.2 | 19.6 | 16.4 | 21 |
| Nonfinancial noncorporate business; Paycheck Protection Program receivables due from federal government; asset | FA113072003 | -41.6 | -1.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 22 |
| Nonfinancial noncorporate business; unidentified miscellaneous assets | FA113093005 | 855.0 | 119.9 | 127.3 | 107.1 | 98.8 | 132.8 | 170.6 | 130.1 | 80.2 | 23 |
| Nonfinancial noncorporate business; total liabilities and equity | FA114194005 | 1175.9 | 338.6 | 395.0 | 397.1 | 368.9 | 390.4 | 423.5 | 374.8 | 289.5 | 24 |
| Nonfinancial noncorporate business; total liabilities | FA114190005 | 1296.0 | 350.1 | 391.8 | 273.8 | 342.5 | 434.4 | 516.5 | 410.4 | 378.2 | 25 |
| Nonfinancial noncorporate business; loans; liability | FA114123005 | 539.2 | 167.9 | 195.0 | 155.2 | 178.9 | 198.8 | 247.2 | 195.6 | 222.9 | 26 |
| Nonfinancial noncorporate business; depository institution loans n.e.c.; liability | FA113168005 | 158.1 | -10.5 | 8.6 | -22.8 | 17.2 | 0.3 | 39.9 | 41.0 | 32.7 | 27 |
| Nonfinancial noncorporate business; other loans and advances; liability | FA113169005 | 43.7 | -3.9 | 24.5 | -8.6 | 39.2 | 32.7 | 34.6 | -1.6 | 7.8 | 28 |
| Nonfinancial noncorporate business; total mortgages; liability | FA113165005 | 337.4 | 182.3 | 161.9 | 186.6 | 122.5 | 165.8 | 172.7 | 156.3 | 182.5 | 29 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | FA115114305 | 0.0 | -0.6 | -0.3 | 0.1 | -0.6 | -0.3 | -0.5 | -0.3 | -0.0 | 30 |
| Nonfinancial noncorporate business; trade payables; liability | FA113170005 | 89.9 | 23.1 | 26.6 | 28.9 | 25.4 | 21.5 | 30.6 | 17.9 | 29.3 | 31 |
| Nonfinancial noncorporate business; taxes payable; liability | FA113178003 | 27.4 | 9.6 | 10.0 | 8.5 | 8.3 | 10.8 | 12.5 | 10.3 | 6.6 | 32 |
| Nonfinancial noncorporate business; unidentified miscellaneous liabilities | FA113193003 | 639.4 | 150.1 | 160.4 | 81.0 | 130.5 | 203.6 | 226.6 | 186.8 | 119.4 | 33 |
| Nonfinancial noncorporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | FA113181115 | -120.1 | -11.5 | 3.2 | 123.2 | 26.5 | -44.1 | -92.9 | -35.6 | -88.7 | 34 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | FA115114103 | 0.5 | 14.7 | -2.1 | 4.0 | -13.2 | 1.1 | -0.1 | 0.3 | -0.8 | 35 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business | FA112090205 | -120.6 | -26.2 | 5.2 | 119.3 | 39.7 | -45.2 | -92.9 | -35.9 | -87.9 | 36 |
NOTES
- Net capital transfers paid from table F.5, line 62.
- Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 11 and 16 respectively.
- Equity in the Farm Credit System.
Last Update: September 11, 2025