F.226 Mutual Fund Shares (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
Mutual funds; mutual fund shares; liability FA653164205 -798.1 -310.8 -168.8 -358.4 -250.4 -138.2 -479.5 -618.5 -1493.7 1
Mutual funds; mutual fund shares; liability FA653164205 -798.1 -310.8 -168.8 -358.4 -250.4 -138.2 -479.5 -618.5 -1493.7 2
Households and nonprofit organizations; mutual fund shares; asset FA153064205 -694.7 -209.7 13.2 -438.6 -7.8 -94.8 -226.7 9.5 -272.5 3
Nonfinancial corporate business; mutual fund shares; asset FA103064203 -19.8 -41.1 41.9 41.9 41.9 41.9 41.9 41.9 41.9 4
State and local governments; mutual fund shares; asset FA213064203 10.7 -4.0 -4.4 1.7 -1.9 -3.0 8.3 -13.0 -6.6 5
U.S.-chartered depository institutions; mutual fund shares; asset FA763064203 -2.3 -1.0 -0.6 15.8 -19.9 4.0 7.7 2.8 2.2 6
Credit unions; mutual fund shares; asset FA473064205 -1.4 -0.8 -0.9 0.3 -2.6 0.3 -0.1 -0.1 -0.0 7
Property-casualty insurance companies; mutual fund shares, including those held by U.S. residual market reinsurers; asset FA513064205 0.3 -1.3 -0.8 -4.3 -0.5 2.5 -4.3 -3.4 -1.3 8
Life insurance companies; mutual fund shares; asset FA543064205 -86.7 -110.6 -128.6 -141.5 -145.3 -93.7 -166.1 -143.2 -125.7 9
Private pension funds; mutual fund shares; asset FA573064205 -74.5 61.0 -149.1 -94.1 -207.6 -189.1 -244.3 -360.8 -1263.0 10
State and local government employee retirement funds; mutual fund shares; asset FA223064205 -47.2 15.0 -34.4 -3.9 -20.0 -1.0 -1.1 24.7 -15.2 11
Rest of the world; U.S. mutual fund shares; asset FA263064203 117.6 -18.2 94.8 264.3 113.3 194.6 105.3 -177.0 146.6 12

NOTES

  1. Shares of open-end investment companies; excludes shares of money market funds and exchange-traded funds.
Last Update: January 9, 2026