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 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; corporate equities; asset | LM893064105 | 65462.6 | 78413.0 | 94052.8 | 85269.0 | 87186.0 | 92608.2 | 94052.8 | 90422.3 | 99797.2 | 1 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 42485.6 | 52200.1 | 63187.6 | 57133.4 | 58607.2 | 61817.3 | 63187.6 | 59005.4 | 65714.9 | 2 |
| Nonfinancial corporate business; public corporate equities; liability (includes closely held before 1996q4) | LM103164115 | 34213.4 | 42571.7 | 51872.7 | 46539.2 | 48019.9 | 50658.5 | 51872.7 | 48626.5 | 54310.4 | 3 |
| Nonfinancial corporate business; closely held corporate equities; liability | LM103164125 | 8272.1 | 9628.4 | 11314.9 | 10594.2 | 10587.2 | 11158.8 | 11314.9 | 10378.9 | 11404.5 | 4 |
| Domestic financial sectors; corporate equities; liability | LM793164105 | 12845.0 | 14945.9 | 18869.0 | 16299.1 | 16700.3 | 18175.0 | 18869.0 | 19006.7 | 20488.7 | 5 |
| U.S.-chartered depository institutions; corporate equities; liability | LM763164105 | 125.2 | 100.3 | 107.4 | 99.0 | 93.4 | 100.6 | 107.4 | 97.6 | 99.3 | 6 |
| U.S.-chartered depository institutions; public corporate equities; liability (2) | LM763164113 | 114.9 | 91.5 | 97.7 | 91.0 | 85.3 | 91.4 | 97.7 | 89.5 | 91.1 | 7 |
| U.S.-chartered depository institutions; closely held corporate equities; liability | LM763164123 | 10.3 | 8.8 | 9.8 | 8.1 | 8.1 | 9.2 | 9.8 | 8.2 | 8.2 | 8 |
| Property-casualty insurance companies; corporate equities; liability | LM513164105 | 1030.5 | 1154.0 | 1463.1 | 1365.3 | 1311.1 | 1484.0 | 1463.1 | 1687.9 | 1581.1 | 9 |
| Property-casualty insurance companies; public corporate equities; liability | LM513164113 | 1021.4 | 1144.7 | 1450.8 | 1353.7 | 1300.1 | 1472.1 | 1450.8 | 1676.1 | 1566.5 | 10 |
| Property-casualty insurance companies; closely held corporate equities; liability | LM513164123 | 9.2 | 9.3 | 12.3 | 11.6 | 11.0 | 11.9 | 12.3 | 11.8 | 14.6 | 11 |
| Life insurance companies, general accounts; corporate equities; liability | LM543164175 | 243.8 | 255.4 | 289.3 | 279.2 | 266.2 | 296.0 | 289.3 | 290.8 | 288.5 | 12 |
| Life insurance companies, general accounts; public corporate equities; liability | LM543164113 | 237.5 | 248.6 | 280.3 | 271.3 | 258.5 | 287.5 | 280.3 | 283.6 | 279.2 | 13 |
| Life insurance companies, general accounts; closely held corporate equities; liability | LM543164123 | 6.3 | 6.9 | 9.0 | 7.9 | 7.7 | 8.5 | 9.0 | 7.2 | 9.3 | 14 |
| Closed-end funds; total financial assets | LM554090005 | 246.0 | 248.4 | 249.2 | 253.6 | 250.9 | 258.6 | 249.2 | 246.3 | 251.3 | 15 |
| Exchange-traded funds; total financial assets | LM564090005 | 6476.9 | 8085.7 | 10305.4 | 8842.8 | 9143.1 | 9968.6 | 10305.4 | 10369.1 | 11492.1 | 16 |
| Government-sponsored enterprises; corporate equities; liability (2) | LM403164105 | 31.6 | 33.7 | 39.3 | 35.2 | 34.6 | 34.6 | 39.3 | 44.2 | 50.4 | 17 |
| Mortgage real estate investment trusts; corporate equities; liability | LM643164105 | 61.0 | 66.9 | 65.2 | 65.6 | 63.8 | 71.0 | 65.2 | 69.2 | 67.2 | 18 |
| Mortgage real estate investment trusts; public corporate equities; liability | LM643164113 | 56.8 | 62.2 | 60.4 | 60.9 | 59.1 | 65.8 | 60.4 | 64.5 | 62.6 | 19 |
| Mortgage real estate investment trusts; closely held corporate equities; liability | LM643164123 | 4.2 | 4.7 | 4.7 | 4.7 | 4.7 | 5.3 | 4.7 | 4.7 | 4.7 | 20 |
| Security brokers and dealers; corporate equities; liability | LM663164105 | 91.8 | 104.9 | 167.6 | 117.6 | 127.2 | 137.6 | 167.6 | 160.5 | 221.6 | 21 |
| Security brokers and dealers; public corporate equities; liability | LM663164113 | 88.3 | 101.0 | 159.9 | 112.6 | 121.7 | 131.7 | 159.9 | 153.3 | 211.5 | 22 |
| Security brokers and dealers; closely held corporate equities; liability | LM663164123 | 3.5 | 3.9 | 7.8 | 5.0 | 5.5 | 5.8 | 7.8 | 7.1 | 10.1 | 23 |
| Holding companies; corporate equities; liability | LM733164105 | 2511.6 | 2651.4 | 3444.2 | 2911.0 | 2922.7 | 3083.4 | 3444.2 | 3307.7 | 3786.2 | 24 |
| Holding companies; public corporate equities; liability (2) | LM733164113 | 2379.6 | 2509.0 | 3254.2 | 2751.2 | 2762.3 | 2915.1 | 3254.2 | 3137.2 | 3592.1 | 25 |
| Holding companies; closely held corporate equities; liability | LM733164123 | 132.0 | 142.4 | 189.9 | 159.9 | 160.4 | 168.4 | 189.9 | 170.5 | 194.1 | 26 |
| Other financial business; corporate equities; liability | LM503164105 | 2026.7 | 2245.2 | 2738.3 | 2329.8 | 2487.2 | 2740.5 | 2738.3 | 2733.3 | 2650.9 | 27 |
| Other financial business; public corporate equities; liability (2) | LM503164115 | 1922.6 | 2123.8 | 2590.6 | 2195.2 | 2351.7 | 2601.7 | 2590.6 | 2593.5 | 2502.8 | 28 |
| Other financial business; closely held corporate equities; liability | LM503164125 | 104.1 | 121.4 | 147.6 | 134.6 | 135.5 | 138.8 | 147.6 | 139.8 | 148.1 | 29 |
| Rest of the world; foreign corporate equities including foreign investment fund shares; liability (3) | LM263164100 | 10132.0 | 11267.0 | 11996.3 | 11836.5 | 11878.5 | 12616.0 | 11996.3 | 12410.2 | 13593.6 | 30 |
| All sectors; corporate equities; asset | LM893064105 | 65462.6 | 78413.0 | 94052.8 | 85269.0 | 87186.0 | 92608.2 | 94052.8 | 90422.3 | 99797.2 | 31 |
| Households and nonprofit organizations; corporate equities; asset | LM153064105 | 27240.9 | 32632.2 | 39567.3 | 35454.3 | 36284.0 | 38867.1 | 39567.3 | 38056.0 | 41789.8 | 32 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2397.6 | 2913.8 | 3238.6 | 3130.7 | 3171.3 | 3259.8 | 3238.6 | 3005.9 | 3239.3 | 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 | 121.2 | 134.0 | 144.1 | 135.7 | 139.1 | 146.6 | 144.1 | 147.4 | 152.5 | 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 | 51.4 | 59.7 | 79.8 | 75.8 | 75.0 | 82.0 | 79.8 | 81.2 | 85.0 | 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 | 532.9 | 596.3 | 545.9 | 599.5 | 550.2 | 544.9 | 545.9 | 538.9 | 577.9 | 39 |
| Life insurance companies; corporate equities; asset | LM543064105 | 658.5 | 695.9 | 800.5 | 743.7 | 772.0 | 802.7 | 800.5 | 783.7 | 831.2 | 40 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3177.5 | 3689.1 | 4382.5 | 4015.5 | 4102.1 | 4310.8 | 4382.5 | 4126.4 | 4536.4 | 41 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 418.7 | 534.5 | 650.5 | 585.6 | 601.7 | 635.5 | 650.5 | 599.1 | 663.7 | 42 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2957.4 | 3178.0 | 3402.6 | 3351.7 | 3344.1 | 3446.5 | 3402.6 | 3295.9 | 3670.9 | 43 |
| Mutual funds; corporate equities; asset | LM653064100 | 11867.0 | 13882.1 | 15716.1 | 14994.6 | 15149.6 | 15905.7 | 15716.1 | 15061.8 | 16556.8 | 44 |
| Closed-end funds; corporate equities; asset | LM553064103 | 98.3 | 99.5 | 103.7 | 103.9 | 102.4 | 107.5 | 103.7 | 102.3 | 107.1 | 45 |
| Exchange-traded funds; corporate equities; asset | LM563064100 | 5059.1 | 6433.3 | 8352.8 | 7148.7 | 7380.7 | 8030.5 | 8352.8 | 8249.1 | 9259.8 | 46 |
| Security brokers and dealers; corporate equities (net); asset | LM663064105 | 47.6 | 116.1 | 143.2 | 116.8 | 131.3 | 156.4 | 143.2 | 148.7 | 182.0 | 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 | 10801.2 | 13415.2 | 16891.9 | 14779.4 | 15349.2 | 16279.1 | 16891.9 | 16192.8 | 18111.6 | 49 |
| All domestic sectors; public corporate equities; liability (5) | LM883164115 | 46789.0 | 57220.3 | 70360.5 | 62506.6 | 64387.3 | 68485.5 | 70360.5 | 67283.8 | 74410.0 | 50 |
| All domestic sectors; closely held corporate equities; liability (6) | LM883164123 | 8541.6 | 9925.7 | 11696.0 | 10925.9 | 10920.2 | 11506.7 | 11696.0 | 10728.3 | 11793.7 | 51 |
| All domestic sectors; closely held S corporation corporate equities; liability | LM883164133 | 6593.3 | 7792.7 | 9280.4 | 8537.0 | 8571.5 | 9049.8 | 9280.4 | 8549.0 | 9437.7 | 52 |
| All domestic sectors; closely held C corporation corporate equities; liability | LM883164135 | 1948.4 | 2133.0 | 2415.7 | 2388.9 | 2348.7 | 2456.9 | 2415.7 | 2179.3 | 2356.0 | 53 |
| Interest rates and price indexes; Dow Jones U.S. Total Market Index | PC073164013 | -20.80 | 24.06 | 22.21 | 9.66 | 2.89 | 5.81 | 2.37 | -5.18 | 10.72 | 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: September 11, 2025