Financial Accounts of the United States - Z.1
F.220 Commercial Mortgages
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; commercial mortgages; asset | FA893065505 | 251.3 | 128.7 | 63.6 | 31.2 | 122.1 | -10.6 | 103.8 | 146.0 | 178.5 | 1 |
| Nonprofit organizations; commercial mortgages; liability (1) | FA163165505 | 49.3 | 25.6 | 12.9 | 6.1 | 24.3 | 4.8 | 15.0 | 27.9 | 35.4 | 2 |
| Nonfinancial corporate business; commercial mortgages; liability | FA103165505 | 111.8 | 44.7 | 28.2 | 17.0 | 67.3 | -22.9 | 53.5 | 74.4 | 80.8 | 3 |
| Nonfinancial noncorporate business; commercial mortgages; liability | FA113165505 | 90.2 | 58.4 | 22.4 | 8.1 | 30.5 | 7.5 | 35.3 | 43.7 | 62.4 | 4 |
| All sectors; commercial mortgages; asset | FA893065505 | 251.3 | 128.7 | 63.6 | 31.2 | 122.1 | -10.6 | 103.8 | 146.0 | 178.5 | 5 |
| Households and nonprofit organizations; commercial mortgages; asset | FA153065505 | -0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 6 |
| Nonfinancial corporate business; commercial mortgages; asset | FA103065505 | 3.5 | 15.0 | 3.7 | 12.6 | 0.6 | 1.9 | 0.1 | 0.1 | 0.5 | 7 |
| Nonfinancial noncorporate business; commercial mortgages; asset | FA113065503 | 0.6 | 0.4 | 0.4 | 0.3 | 0.4 | 0.5 | 0.4 | 0.2 | 0.5 | 8 |
| Federal government; commercial mortgages; asset | FA313065505 | 3.7 | 4.4 | 4.1 | 5.0 | 2.0 | 5.2 | 5.7 | 4.5 | 4.9 | 9 |
| State and local governments; commercial mortgages; asset | FA213065503 | -0.1 | -2.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.0 | 0.0 | 0.0 | 10 |
| U.S.-chartered depository institutions; commercial mortgages; asset | FA763065505 | 169.5 | 85.7 | 18.7 | 24.8 | 13.0 | -7.9 | 2.1 | 40.7 | 30.0 | 11 |
| Foreign banking offices in the U.S.; commercial mortgages; asset | FA753065503 | 10.0 | 4.0 | 2.5 | 8.2 | -1.1 | 0.4 | -9.3 | 11.3 | -2.6 | 12 |
| Banks in U.S.-affiliated areas; commercial mortgages; asset | FA743065505 | 0.9 | 0.6 | 0.5 | -0.0 | 0.8 | 0.8 | -2.4 | 0.4 | 0.5 | 13 |
| Credit unions; commercial mortgages; asset | FA473065503 | 17.4 | 11.6 | 10.5 | 10.7 | 10.9 | 13.4 | 11.4 | 13.4 | 13.9 | 14 |
| Property-casualty insurance companies; commercial mortgages, including those held by U.S. residual market reinsurers; asset | FA513065505 | 2.7 | 2.5 | -0.5 | -0.6 | 0.1 | -2.4 | -1.5 | 3.9 | 0.8 | 15 |
| Life insurance companies; commercial mortgages; asset | FA543065505 | 36.5 | 14.6 | 19.0 | 20.3 | 35.8 | 8.1 | 20.6 | 23.7 | 16.5 | 16 |
| Private pension funds; commercial mortgages; asset | FA573065505 | -5.6 | 5.6 | 2.6 | 2.6 | 2.5 | 2.6 | 2.5 | 2.8 | 2.0 | 17 |
| State and local government employee defined benefit retirement funds; commercial mortgages; asset | FA223065545 | -0.1 | -0.6 | 0.1 | 0.2 | 0.1 | 1.0 | -0.1 | 0.4 | -0.1 | 18 |
| Agency-and GSE-backed mortgage pools; commercial mortgages; asset | FA413065505 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 19 |
| Issuers of asset-backed securities; commercial mortgages; asset | FA673065505 | 4.2 | 6.9 | 21.3 | -37.1 | 68.9 | -7.9 | 74.6 | 43.0 | 118.1 | 20 |
| Finance companies; commercial mortgages; asset | FA613065503 | -0.8 | -2.3 | -0.8 | -1.9 | 0.9 | 0.6 | -0.4 | -0.5 | 0.5 | 21 |
| Mortgage real estate investment trusts; commercial mortgages; asset | FA643065573 | 9.0 | -17.3 | -19.0 | -14.3 | -13.3 | -27.2 | 0.1 | 1.9 | -7.0 | 22 |
NOTES
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: January 9, 2026