Financial Accounts of the United States - Z.1
L.102 Nonfinancial Business (1)
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 business; total financial assets | FL144090005 | 37259.5 | 40403.2 | 41914.3 | 41131.9 | 41918.5 | 41914.3 | 42300.6 | 43792.8 | 44669.9 | 1 |
| Nonfinancial business; checkable deposits and currency; asset | FL143020005 | 2480.8 | 2413.2 | 2722.9 | 2504.5 | 2657.2 | 2722.9 | 2669.0 | 2719.3 | 2820.8 | 2 |
| Nonfinancial business; total time and savings deposits; asset | FL143030005 | 1728.6 | 1896.6 | 1917.6 | 1906.7 | 1895.7 | 1917.6 | 1890.2 | 1881.0 | 1913.0 | 3 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 201.0 | 245.8 | 213.0 | 252.1 | 228.3 | 213.0 | 221.6 | 219.5 | 204.6 | 4 |
| Nonfinancial business; money market fund shares; asset | FL143034005 | 873.3 | 1012.3 | 1104.3 | 1018.3 | 1054.3 | 1104.3 | 1122.7 | 1130.1 | 1173.0 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 30.1 | 27.0 | 45.9 | 28.3 | 34.1 | 45.9 | 56.1 | 54.0 | 69.0 | 6 |
| Nonfinancial business; debt securities; asset | LM144022005 | 467.9 | 487.9 | 498.5 | 486.8 | 510.5 | 498.5 | 509.2 | 505.2 | 521.8 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 216.9 | 209.8 | 206.6 | 232.3 | 221.6 | 206.6 | 214.9 | 207.0 | 215.3 | 8 |
| Nonfinancial business; Treasury securities; asset | LM143061105 | 171.5 | 196.0 | 208.8 | 180.2 | 205.9 | 208.8 | 211.2 | 214.1 | 220.1 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 29.7 | 37.1 | 40.7 | 31.6 | 40.0 | 40.7 | 40.1 | 40.9 | 42.7 | 10 |
| Nonfinancial business; municipal securities; asset | LM143062005 | 31.4 | 28.2 | 29.1 | 28.8 | 29.5 | 29.1 | 29.3 | 29.9 | 30.7 | 11 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 18.5 | 16.8 | 13.4 | 13.9 | 13.4 | 13.4 | 13.7 | 13.3 | 13.0 | 12 |
| Nonfinancial business; loans; asset | FL144023005 | 172.5 | 196.4 | 201.8 | 200.1 | 200.7 | 201.8 | 202.2 | 202.3 | 203.0 | 13 |
| Nonfinancial business; total mortgages; asset | FL143065005 | 172.5 | 196.4 | 201.8 | 200.1 | 200.7 | 201.8 | 202.2 | 202.3 | 203.0 | 14 |
| Nonfinancial business; consumer credit; asset | FL143066005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 15 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | -84.4 | -56.4 | -62.5 | -85.2 | -111.4 | -62.5 | -36.8 | -71.3 | -87.2 | 16 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2397.6 | 2913.8 | 3249.9 | 3179.1 | 3269.5 | 3249.9 | 3064.2 | 3346.4 | 3563.3 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 6666.3 | 7627.6 | 8105.3 | 8177.5 | 8656.8 | 8105.3 | 8485.0 | 9324.7 | 9839.9 | 18 |
| Nonfinancial business; equity in government-sponsored enterprises (GSEs); asset | FL143092405 | 16.8 | 20.2 | 21.2 | 20.8 | 20.6 | 21.2 | 21.0 | 21.2 | 21.4 | 19 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 318.9 | 325.2 | 404.5 | 370.4 | 400.4 | 404.5 | 407.8 | 450.1 | 483.7 | 20 |
| Nonfinancial business; trade receivables; asset | FL143070005 | 6075.7 | 6436.4 | 6554.4 | 6440.0 | 6442.0 | 6554.4 | 6724.1 | 6836.2 | 6933.4 | 21 |
| Nonfinancial business; total miscellaneous assets | FL143090005 | 15914.3 | 16857.1 | 16937.7 | 16632.4 | 16659.9 | 16937.7 | 16964.3 | 17174.0 | 17010.1 | 22 |
| Nonfinancial business; total liabilities and equity | FL144194005 | 107270.3 | 120525.6 | 135010.8 | 128691.3 | 132841.9 | 135010.8 | 130740.2 | 139125.6 | 146878.6 | 23 |
| Nonfinancial business; total liabilities | FL144190005 | 40065.2 | 41859.9 | 42668.4 | 41985.1 | 42208.6 | 42668.4 | 43073.5 | 43388.9 | 43672.1 | 24 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 8016.1 | 8243.9 | 8507.1 | 8429.3 | 8529.9 | 8507.1 | 8665.3 | 8656.9 | 8722.4 | 25 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 197.6 | 218.0 | 196.3 | 211.9 | 192.0 | 196.3 | 235.9 | 253.9 | 227.7 | 26 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 624.5 | 623.1 | 636.2 | 635.0 | 637.3 | 636.2 | 642.6 | 652.5 | 648.3 | 27 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 7194.0 | 7402.8 | 7674.6 | 7582.4 | 7700.5 | 7674.6 | 7786.8 | 7750.5 | 7846.4 | 28 |
| Nonfinancial business; loans; liability | FL144123005 | 12560.6 | 12727.8 | 12986.2 | 12920.6 | 12996.5 | 12986.2 | 13016.6 | 13160.7 | 13283.0 | 29 |
| Nonfinancial business; depository institution loans n.e.c.; liability | FL143168005 | 2969.4 | 2947.2 | 2868.8 | 2975.2 | 2959.8 | 2868.8 | 2802.8 | 2831.1 | 2830.0 | 30 |
| Nonfinancial business; other loans and advances; liability | FL143169005 | 3040.2 | 3000.6 | 3137.3 | 3076.4 | 3106.1 | 3137.3 | 3186.5 | 3234.3 | 3269.0 | 31 |
| Nonfinancial business; total mortgages; liability | FL143165005 | 6551.1 | 6779.9 | 6980.1 | 6869.1 | 6930.6 | 6980.1 | 7027.2 | 7095.3 | 7184.0 | 32 |
| Nonfinancial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM143192305 | 353.2 | 318.7 | 357.2 | 365.5 | 364.4 | 357.2 | 367.7 | 355.2 | 343.8 | 33 |
| Nonfinancial business; trade payables; liability | FL143170005 | 4426.9 | 4707.0 | 4837.5 | 4678.6 | 4760.6 | 4837.5 | 4980.8 | 5086.7 | 5218.0 | 34 |
| Nonfinancial business; taxes payable; liability | FL143178005 | 495.3 | 489.0 | 488.4 | 476.0 | 480.2 | 488.4 | 590.1 | 477.4 | 445.9 | 35 |
| Nonfinancial business; total miscellaneous liabilities | FL143190005 | 14213.1 | 15373.5 | 15492.0 | 15115.1 | 15077.0 | 15492.0 | 15453.0 | 15652.0 | 15658.9 | 36 |
| Nonfinancial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FL143181105 | 67205.0 | 78665.8 | 92342.5 | 86706.2 | 90633.3 | 92342.5 | 87666.7 | 95736.6 | 103206.5 | 37 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 42065.0 | 51743.0 | 62728.7 | 58179.6 | 61374.7 | 62728.7 | 58806.5 | 65483.8 | 71631.3 | 38 |
| Nonfinancial business; foreign direct investment in U.S.; liability (market value) | LM143192105 | 9243.4 | 11519.5 | 14102.2 | 13112.3 | 13822.5 | 14102.2 | 13442.9 | 14856.8 | 16097.2 | 39 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business | LM112090205 | 15896.6 | 15403.2 | 15511.6 | 15414.3 | 15436.1 | 15511.6 | 15417.3 | 15396.0 | 15478.0 | 40 |
NOTES
- Sum of nonfinancial corporate business and nonfinancial noncorporate business.
Last Update: January 9, 2026