Financial Accounts of the United States - Z.1
F.132 Other Financial Business (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other financial business; undistributed corporate profits; net saving | FA506006405 | -71.3 | -79.0 | -28.1 | -22.6 | -27.7 | -28.3 | -19.6 | 30.7 | 11.2 | 1 |
| Other financial business; total financial assets | FA504090005 | -116.3 | -55.5 | 41.3 | 68.1 | 101.9 | -11.6 | 476.7 | 427.2 | 58.8 | 2 |
| Other financial business; checkable deposits and currency; asset | FA503020005 | -22.0 | -45.4 | 3.2 | -31.5 | 40.0 | 15.6 | 89.4 | 123.8 | -10.2 | 3 |
| Other financial business; money market fund shares; asset | FA503034005 | -176.2 | 19.9 | 61.4 | 75.6 | 34.6 | 104.0 | 144.1 | -87.4 | 96.0 | 4 |
| Other financial business; security repurchase agreements; asset | FA502051005 | 0.3 | 1.5 | -1.3 | -1.7 | -0.4 | -2.0 | -0.8 | 5.4 | -1.8 | 5 |
| Other financial business; debt securities; asset | FA504022005 | 96.1 | -44.7 | -1.4 | 104.0 | -9.8 | -75.5 | 168.1 | 366.8 | -106.0 | 6 |
| Other financial business; commercial paper; asset | FA503069105 | 101.3 | -61.6 | -29.6 | 75.0 | -83.9 | -76.6 | 150.0 | 347.9 | -133.5 | 7 |
| Other financial business; Treasury securities held by central clearing counterparties; asset | FA503061123 | -2.7 | 19.5 | 23.7 | 28.4 | 48.4 | 35.1 | -10.7 | 12.1 | 13.3 | 8 |
| Other financial business; corporate and foreign bonds, including financial stabilization programs; asset | FA503063005 | -1.3 | 0.4 | 4.5 | 0.6 | 25.7 | -34.1 | 28.9 | 6.9 | 14.2 | 9 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FA503062003 | -1.2 | -2.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| Other financial business; other loans and advances; asset | FA503069005 | -15.4 | 7.0 | -4.2 | -32.6 | 23.4 | 24.0 | -20.6 | 21.0 | 81.7 | 11 |
| Other financial business; corporate equities; asset | FA503064105 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| Other financial business; equity investment in own subsidiaries; asset | FA503094505 | 0.9 | 6.2 | -16.5 | -45.7 | 13.7 | -77.3 | 96.3 | -2.3 | -1.0 | 13 |
| Other financial business; unidentified miscellaneous assets of central clearing counterparties | FA503093023 | 0.1 | -0.0 | 0.0 | 0.1 | 0.3 | -0.2 | 0.1 | -0.0 | 0.0 | 14 |
| Other financial business; total liabilities and equity | FA504194005 | -45.0 | 23.5 | 69.4 | 90.7 | 129.6 | 16.7 | 496.3 | 396.5 | 47.7 | 15 |
| Other financial business; total liabilities | FA504190005 | -39.2 | 31.5 | 73.4 | 100.3 | 129.6 | 22.9 | 496.3 | 402.3 | 45.0 | 16 |
| Other financial business; debt securities; liability | FA504122005 | -3.2 | 10.8 | -0.6 | -32.7 | 74.9 | -77.4 | 84.4 | -10.6 | 91.0 | 17 |
| Other financial business; commercial paper; liability | FA503169105 | -3.2 | 10.8 | -0.6 | -32.7 | 74.9 | -77.4 | 84.4 | -10.6 | 91.0 | 18 |
| Other financial business; corporate and foreign bonds where the proceeds are down-streamed to broker-dealer subsidiaries by investment banks that are holding-company parents; liability | FA503163003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 19 |
| Other financial business; loans; liability | FA504123005 | -35.4 | -30.6 | 21.0 | -14.6 | 88.4 | 38.3 | 83.0 | 133.9 | 4.4 | 20 |
| Monetary authority; depository institution loans n.e.c. to other financial business; asset | FA713068505 | -5.7 | -7.8 | -3.9 | -3.3 | -3.7 | -3.0 | -3.2 | -2.1 | -3.9 | 21 |
| Other financial business; other loans and advances; liability | FA503169005 | -29.6 | -22.8 | 24.9 | -11.3 | 92.1 | 41.3 | 86.2 | 136.0 | 8.3 | 22 |
| Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA503192305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 23 |
| Other financial business; total miscellaneous liabilities | FA503190005 | -0.6 | 51.3 | 53.0 | 147.7 | -33.7 | 62.0 | 328.8 | 278.9 | -50.4 | 24 |
| Security brokers and dealers; securities borrowed (net); asset | FA663070675 | -13.4 | 3.9 | 45.2 | 5.8 | 256.8 | -341.2 | 288.5 | 68.5 | 141.8 | 25 |
| Other financial business; unidentified miscellaneous liabilities (net) | FA503193005 | 12.8 | 47.4 | 7.8 | 141.9 | -290.5 | 403.2 | 40.3 | 210.4 | -192.2 | 26 |
| Other financial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | FA503181105 | -5.9 | -8.0 | -3.9 | -9.6 | 0.0 | -6.2 | 0.0 | -5.7 | 2.7 | 27 |
| Other financial business; corporate equities; liability | FA503164105 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 28 |
| Other financial business; foreign direct investment in U.S.: equity; liability (market value) | FA503192103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 29 |
| Other financial business; equity investment in funds associated with PPIP; liability | FA503194305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 30 |
| Other financial business; Exchange Stabilization Fund Economic Recovery Programs Equity Investment in Federal Reserve credit facility LLCs; liability (2) | FA503194205 | -5.9 | -8.0 | -3.9 | -9.6 | 0.0 | -6.2 | 0.0 | -5.7 | 2.7 | 31 |
NOTES
- Includes funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, funds associated with the Public-Private Investment Program (PPIP), Federal Reserve funding, credit, and liquidity facility special purpose vehicles (SPV) created in response to the 2008 Financial Crisis and COVID-19 pandemic, and U.S. central clearing parties.
- U.S. Treasury Exchange Stabilization Fund Economic Recovery Programs investment in Federal Reserve SPVs.
Last Update: January 9, 2026