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 | 2022 | 2023 | 2024 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial noncorporate business; total assets | FL112000005 | 27855.6 | 27724.9 | 28253.1 | 27908.1 | 28045.7 | 28253.1 | 28260.2 | 28347.2 | 28550.8 | 1 |
| Nonfinancial noncorporate business; nonfinancial assets | LM112010005 | 19102.3 | 18758.4 | 19036.3 | 18828.1 | 18901.9 | 19036.3 | 18983.6 | 19031.4 | 19163.3 | 2 |
| Nonfinancial noncorporate business; real estate at market value (1) | LM115035005 | 17293.6 | 16866.7 | 17050.5 | 16886.7 | 16942.8 | 17050.5 | 16983.4 | 17024.9 | 17098.6 | 3 |
| Nonfinancial noncorporate business; residential real estate at market value | LM115035023 | 10530.7 | 10220.9 | 10332.9 | 10205.2 | 10292.0 | 10332.9 | 10352.3 | 10448.3 | 10384.2 | 4 |
| Nonfinancial noncorporate business; nonresidential real estate at market value | LM115035035 | 6762.9 | 6645.8 | 6717.6 | 6681.6 | 6650.8 | 6717.6 | 6631.1 | 6576.6 | 6714.4 | 5 |
| Nonfinancial noncorporate business; equipment, current cost basis (2) | LM115015205 | 1084.8 | 1124.4 | 1161.7 | 1146.9 | 1157.4 | 1161.7 | 1152.7 | 1156.4 | 1164.5 | 6 |
| Nonfinancial noncorporate business; residential equipment, current cost basis (3) | LM115012265 | 91.2 | 89.0 | 89.9 | 89.5 | 90.2 | 89.9 | 88.9 | 92.7 | 94.1 | 7 |
| Nonfinancial noncorporate business; nonresidential equipment, current cost basis | LM115013265 | 993.6 | 1035.4 | 1071.8 | 1057.5 | 1067.1 | 1071.8 | 1063.7 | 1063.6 | 1070.4 | 8 |
| Nonfinancial noncorporate business; nonresidential intellectual property products, current cost basis (2) | LM115013765 | 412.9 | 449.5 | 484.9 | 462.5 | 472.3 | 484.9 | 488.3 | 492.0 | 500.0 | 9 |
| Nonfinancial noncorporate business; inventories (2) | LM115020005 | 311.0 | 317.8 | 339.1 | 332.0 | 329.4 | 339.1 | 359.2 | 358.1 | 400.2 | 10 |
| Nonfinancial noncorporate business; total financial assets | FL114090005 | 8753.3 | 8966.5 | 9216.8 | 9079.9 | 9143.8 | 9216.8 | 9276.6 | 9315.8 | 9387.5 | 11 |
| Nonfinancial noncorporate business; checkable deposits and currency; asset | FL113020005 | 483.9 | 495.9 | 525.5 | 516.0 | 520.6 | 525.5 | 529.5 | 532.4 | 537.0 | 12 |
| Nonfinancial noncorporate business; total time and savings deposits; asset | FL113030003 | 1427.6 | 1462.6 | 1499.1 | 1477.9 | 1487.8 | 1499.1 | 1508.5 | 1514.5 | 1525.8 | 13 |
| Nonfinancial noncorporate business; money market fund shares; asset | FL113034003 | 135.3 | 138.6 | 142.1 | 140.1 | 141.0 | 142.1 | 143.0 | 143.5 | 144.6 | 14 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 85.7 | 87.8 | 90.0 | 88.8 | 89.3 | 90.0 | 90.6 | 91.0 | 91.7 | 15 |
| Nonfinancial noncorporate business; total U.S. government securities; asset | LM113061003 | 82.5 | 84.5 | 86.7 | 85.4 | 86.0 | 86.7 | 87.2 | 87.5 | 88.2 | 16 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 3.2 | 3.3 | 3.4 | 3.3 | 3.4 | 3.4 | 3.4 | 3.4 | 3.5 | 17 |
| Nonfinancial noncorporate business; loans; asset | FL114023005 | 53.8 | 55.2 | 56.5 | 55.7 | 56.1 | 56.5 | 56.9 | 57.1 | 57.5 | 18 |
| Nonfinancial noncorporate business; total mortgages; asset | FL113065005 | 53.8 | 55.2 | 56.5 | 55.7 | 56.1 | 56.5 | 56.9 | 57.1 | 57.5 | 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 | 15.1 | 18.3 | 19.1 | 18.7 | 18.6 | 19.1 | 18.8 | 19.1 | 19.3 | 21 |
| Nonfinancial noncorporate business; trade receivables; asset | FL113070003 | 1163.1 | 1191.6 | 1221.4 | 1204.1 | 1212.1 | 1221.4 | 1229.0 | 1233.9 | 1243.1 | 22 |
| Nonfinancial noncorporate business; total miscellaneous assets | FL113090005 | 5388.7 | 5516.4 | 5662.9 | 5578.6 | 5618.3 | 5662.9 | 5700.3 | 5724.3 | 5768.4 | 23 |
| Nonfinancial noncorporate business; insurance receivables due from property-casualty insurance companies; asset | FL113076005 | 162.7 | 172.4 | 191.6 | 183.1 | 189.5 | 191.6 | 196.4 | 200.4 | 204.4 | 24 |
| Nonfinancial noncorporate business; Paycheck Protection Program receivables due from federal government; asset | FL113072003 | 1.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 25 |
| Nonfinancial noncorporate business; unidentified miscellaneous assets | FL113093005 | 5224.1 | 5344.0 | 5471.4 | 5395.5 | 5428.7 | 5471.4 | 5503.9 | 5523.9 | 5563.9 | 26 |
| Nonfinancial noncorporate business; total liabilities and equity | FL114194005 | 27855.6 | 27724.9 | 28253.1 | 27908.1 | 28045.7 | 28253.1 | 28260.2 | 28347.2 | 28550.8 | 27 |
| Nonfinancial noncorporate business; total liabilities | FL114190005 | 11864.1 | 12213.8 | 12620.6 | 12379.0 | 12489.4 | 12620.6 | 12728.4 | 12826.9 | 12946.6 | 28 |
| Nonfinancial noncorporate business; loans; liability | FL114123005 | 7421.7 | 7586.3 | 7782.6 | 7669.9 | 7717.8 | 7782.6 | 7830.0 | 7891.2 | 7945.7 | 29 |
| Nonfinancial noncorporate business; depository institution loans n.e.c.; liability | FL113168005 | 1712.1 | 1703.4 | 1712.0 | 1703.1 | 1703.2 | 1712.0 | 1719.4 | 1731.6 | 1723.5 | 30 |
| Nonfinancial noncorporate business; other loans and advances; liability | FL113169005 | 475.6 | 472.5 | 498.0 | 480.4 | 486.0 | 498.0 | 499.4 | 500.1 | 499.3 | 31 |
| Nonfinancial noncorporate business; total mortgages; liability | FL113165005 | 5234.0 | 5410.4 | 5572.6 | 5486.5 | 5528.6 | 5572.6 | 5611.2 | 5659.5 | 5722.9 | 32 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | LM115114305 | 4.3 | 3.6 | 3.5 | 3.7 | 3.6 | 3.5 | 3.6 | 3.4 | 3.4 | 33 |
| Nonfinancial noncorporate business; trade payables; liability | FL113170005 | 831.6 | 854.7 | 881.3 | 868.2 | 876.5 | 881.3 | 886.5 | 892.8 | 902.3 | 34 |
| Nonfinancial noncorporate business; taxes payable; liability | FL113178003 | 229.7 | 239.3 | 249.4 | 243.5 | 246.3 | 249.4 | 252.0 | 253.6 | 256.7 | 35 |
| Nonfinancial noncorporate business; unidentified miscellaneous liabilities | FL113193003 | 3376.7 | 3529.9 | 3703.8 | 3593.7 | 3645.2 | 3703.8 | 3756.4 | 3786.0 | 3838.5 | 36 |
| Nonfinancial noncorporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | FL113181115 | 15991.5 | 15511.1 | 15632.4 | 15529.0 | 15556.3 | 15632.4 | 15531.8 | 15520.3 | 15604.2 | 37 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: equity; liability (market value) | LM115114103 | 95.0 | 107.9 | 120.9 | 114.7 | 120.2 | 120.9 | 114.5 | 124.3 | 126.2 | 38 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business (5) | LM112090205 | 15896.6 | 15403.2 | 15511.6 | 15414.3 | 15436.1 | 15511.6 | 15417.3 | 15396.0 | 15478.0 | 39 |
| Nonfinancial noncorporate business; net worth | FL112090005 | 15991.5 | 15511.1 | 15632.4 | 15529.0 | 15556.3 | 15632.4 | 15531.8 | 15520.3 | 15604.2 | 40 |
| Nonfinancial noncorporate business; residential structures, current cost basis | FL115012665 | 5276.1 | 5387.5 | 5575.6 | 5467.0 | 5534.9 | 5575.6 | 5641.8 | 5677.8 | 5748.0 | 41 |
| Nonfinancial noncorporate business; nonresidential structures, current cost basis | FL115013665 | 3073.7 | 3121.6 | 3187.9 | 3157.5 | 3170.0 | 3187.9 | 3245.4 | 3285.0 | 3362.1 | 42 |
| Nonfinancial noncorporate business; debt as a percentage of net worth | FL114104006 | 46.41 | 48.91 | 49.78 | 49.39 | 49.61 | 49.78 | 50.41 | 50.84 | 50.92 | 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: January 9, 2026