Financial Accounts of the United States - Z.1
F.131 Holding Companies (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2024 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Holding companies; gross saving | FA736000105 | 130.9 | 177.8 | 174.0 | 171.6 | 170.5 | 175.4 | 168.1 | 154.6 | 223.1 | 1 |
| Holding companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA735013005 | 39.4 | 42.8 | 45.7 | 45.5 | 46.4 | 46.4 | 47.6 | 48.6 | 49.7 | 2 |
| Holding companies; total financial assets | FA734090005 | 83.4 | 226.3 | 166.4 | 90.0 | 514.3 | -39.4 | 450.7 | 252.8 | 275.3 | 3 |
| Holding companies; time and savings deposits; asset | FA733030005 | 78.4 | 17.2 | 30.6 | -42.8 | 106.2 | 9.8 | -53.8 | 161.8 | -125.4 | 4 |
| Holding companies; private foreign deposits at affiliates; asset | FA733091003 | -8.8 | 3.4 | -9.5 | 41.8 | -31.1 | -1.4 | 1.2 | 1.7 | -0.9 | 5 |
| Holding companies; security repurchase agreements; asset | FA732051003 | 3.0 | -2.2 | -1.5 | 1.6 | -0.4 | 2.0 | 7.8 | -17.6 | 14.1 | 6 |
| Holding companies; long-term debt securities; asset | FA734022605 | 58.6 | -4.9 | -3.6 | 13.8 | -9.6 | 18.8 | 10.3 | -30.7 | -16.9 | 7 |
| Holding companies; Treasury securities; asset | FA733061103 | 56.6 | -4.6 | -0.5 | 3.3 | 16.3 | 7.4 | 19.0 | -26.5 | -22.3 | 8 |
| Holding companies; agency- and GSE-backed securities; asset | FA733061703 | -3.1 | -1.6 | 0.1 | 1.6 | -1.2 | -0.8 | -0.7 | -0.4 | 0.8 | 9 |
| Holding companies; corporate and foreign bonds; asset | FA733063003 | 5.0 | 1.4 | -3.2 | 8.9 | -24.6 | 12.2 | -8.0 | -3.7 | 4.6 | 10 |
| Holding companies; other loans and advances; asset | FA733069005 | 21.4 | 0.5 | 7.2 | 1.3 | 2.0 | 28.3 | -2.5 | 4.9 | 2.3 | 11 |
| Holding companies; U.S. direct investment abroad: intercompany debt (market value) | FA733092305 | -2.6 | 1.8 | -0.6 | -7.2 | -6.5 | 11.6 | 4.5 | -9.0 | 8.5 | 12 |
| Holding companies; U.S. direct investment abroad: equity (market value) | FA733092103 | 17.4 | 23.5 | 30.2 | 15.3 | 39.3 | 8.5 | 14.3 | 63.8 | 5.6 | 13 |
| Holding companies; equity investment in affiliates; asset | FA733094635 | -38.6 | 50.7 | 85.0 | 107.2 | 215.3 | 65.0 | 198.5 | -7.1 | 264.0 | 14 |
| Holding companies; life insurance reserves; asset | FA733040005 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 15 |
| Holding companies; total miscellaneous assets | FA733090005 | -49.4 | 132.2 | 24.6 | -45.0 | 195.0 | -185.8 | 266.4 | 81.0 | 119.8 | 16 |
| Holding companies; other investment in affiliates; asset | FA733094735 | -48.9 | 137.6 | 21.3 | -51.6 | 192.1 | -173.2 | 247.8 | 43.8 | 109.9 | 17 |
| Holding companies; unidentified miscellaneous assets | FA733093005 | -0.5 | -5.4 | 3.4 | 6.6 | 2.9 | -12.6 | 18.6 | 37.2 | 9.9 | 18 |
| Holding companies; total liabilities and equity | FA734194005 | 100.1 | -3.7 | -44.2 | -128.7 | 224.1 | -261.6 | 186.1 | 11.0 | -147.8 | 19 |
| Holding companies; total liabilities | FA734190005 | 118.6 | 111.7 | 64.6 | -30.3 | 331.2 | -145.9 | 305.8 | 208.8 | 33.3 | 20 |
| Holding companies; security repurchase agreements; liability | FA732151003 | -0.0 | -0.0 | -0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 21 |
| Holding companies; debt securities; liability | FA734122005 | -3.2 | 19.6 | -14.2 | -93.3 | 220.5 | -192.8 | 259.5 | 120.6 | -67.8 | 22 |
| Holding companies; commercial paper; liability | FA733169103 | 1.4 | 3.1 | -5.6 | -6.6 | -14.2 | 3.4 | 6.7 | 4.5 | -14.3 | 23 |
| Holding companies; corporate and foreign bonds; liability | FA733163005 | -4.6 | 16.5 | -8.6 | -86.7 | 234.7 | -196.2 | 252.9 | 116.2 | -53.5 | 24 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) (2) | FA733192305 | -28.8 | 1.7 | -22.2 | -45.7 | -43.9 | 5.1 | -4.3 | 17.1 | 13.3 | 25 |
| Holding companies; taxes payable, tax on foreign earnings retained abroad; liability | FA733178013 | -0.3 | -0.6 | -0.8 | -3.3 | 0.0 | 0.0 | 0.0 | -4.1 | 0.0 | 26 |
| Holding companies; total miscellaneous liabilities | FA733190005 | 150.9 | 91.1 | 101.7 | 112.0 | 154.7 | 41.8 | 50.5 | 75.2 | 87.7 | 27 |
| Holding companies; balances due to affiliates; liability | FA733194735 | 113.9 | 81.2 | 73.7 | 46.5 | 115.1 | 35.7 | 63.0 | 67.5 | 77.4 | 28 |
| Holding companies; unidentified miscellaneous liabilities | FA733193005 | 37.0 | 9.9 | 28.1 | 65.6 | 39.6 | 6.2 | -12.5 | 7.7 | 10.3 | 29 |
| Holding companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; asset | FA733181105 | -18.5 | -115.5 | -108.7 | -98.4 | -107.1 | -115.7 | -119.7 | -197.8 | -181.1 | 30 |
| Holding companies; corporate equities; liability | FA733164105 | -77.5 | -72.7 | -92.6 | -128.4 | -87.8 | -88.4 | -167.6 | -140.5 | -153.9 | 31 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) (2) | FA733192103 | 59.1 | -42.8 | -16.1 | 30.0 | -19.3 | -27.3 | 47.9 | -57.4 | -27.2 | 32 |
| Holding companies; sector discrepancy | FA737005005 | 108.3 | -95.0 | -82.3 | -92.6 | -166.1 | -93.3 | -144.1 | -135.8 | -249.8 | 33 |
NOTES
- Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
- Investment in U.S. Intermediate Holding Companies.
Last Update: January 9, 2026