Financial Accounts of the United States - Z.1
L.131 Holding Companies (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Holding companies; total financial assets | FL734090005 | 4746.0 | 4977.0 | 5159.7 | 5050.1 | 5211.0 | 5159.7 | 5284.6 | 5405.2 | 5454.9 | 1 |
| Holding companies; time and savings deposits; asset | FL733030005 | 475.9 | 485.0 | 515.6 | 486.6 | 513.2 | 515.6 | 499.3 | 539.8 | 508.4 | 2 |
| Holding companies; private foreign deposits at affiliates; asset | FL733091003 | 10.4 | 13.8 | 4.3 | 12.4 | 4.7 | 4.3 | 4.6 | 5.0 | 4.8 | 3 |
| Holding companies; security repurchase agreements; asset | FL732051003 | 6.1 | 3.9 | 2.4 | 2.0 | 1.9 | 2.4 | 4.4 | 0.0 | 3.5 | 4 |
| Holding companies; long-term debt securities; asset | LM734022605 | 181.7 | 182.4 | 177.0 | 173.7 | 178.8 | 177.0 | 182.4 | 175.4 | 172.9 | 5 |
| Holding companies; Treasury securities; asset | LM733061103 | 133.6 | 132.4 | 130.1 | 123.8 | 133.4 | 130.1 | 137.3 | 130.9 | 126.6 | 6 |
| Holding companies; agency- and GSE-backed securities; asset | LM733061703 | 19.2 | 18.0 | 18.3 | 18.6 | 18.9 | 18.3 | 18.3 | 18.2 | 18.5 | 7 |
| Holding companies; corporate and foreign bonds; asset | LM733063003 | 28.9 | 32.0 | 28.6 | 31.3 | 26.6 | 28.6 | 26.9 | 26.2 | 27.8 | 8 |
| Holding companies; other loans and advances; asset | FL733069005 | 30.6 | 29.0 | 36.3 | 28.7 | 29.2 | 36.3 | 35.6 | 36.9 | 37.4 | 9 |
| Holding companies; U.S. direct investment abroad: intercompany debt (market value) | LM733092305 | -4.5 | -3.2 | -3.7 | -5.0 | -6.6 | -3.7 | -2.2 | -4.4 | -2.3 | 10 |
| Holding companies; U.S. direct investment abroad: equity (market value) | LM733092103 | 356.6 | 429.7 | 482.7 | 478.4 | 514.3 | 482.7 | 503.5 | 576.3 | 556.9 | 11 |
| Holding companies; equity investment in affiliates; asset | FL733094635 | 2457.1 | 2483.6 | 2563.7 | 2496.1 | 2548.7 | 2563.7 | 2608.9 | 2607.1 | 2673.1 | 12 |
| Holding companies; life insurance reserves; asset | FL733040005 | 77.0 | 81.0 | 85.0 | 83.0 | 84.0 | 85.0 | 86.0 | 87.0 | 88.0 | 13 |
| Holding companies; total miscellaneous assets | FL733090005 | 1155.0 | 1271.7 | 1296.4 | 1294.1 | 1342.8 | 1296.4 | 1362.0 | 1382.2 | 1412.1 | 14 |
| Holding companies; other investment in affiliates; asset | FL733094735 | 1116.0 | 1240.4 | 1261.7 | 1257.0 | 1305.0 | 1261.7 | 1323.3 | 1334.2 | 1361.7 | 15 |
| Holding companies; unidentified miscellaneous assets | FL733093005 | 39.0 | 31.3 | 34.7 | 37.1 | 37.9 | 34.7 | 38.7 | 48.0 | 50.4 | 16 |
| Holding companies; total liabilities and equity | FL734194005 | 4832.8 | 5049.8 | 5905.0 | 5344.5 | 5589.6 | 5905.0 | 5850.9 | 6377.3 | 6661.5 | 17 |
| Holding companies; total liabilities | FL734190005 | 2248.7 | 2339.5 | 2404.1 | 2357.7 | 2440.5 | 2404.1 | 2477.7 | 2529.9 | 2538.2 | 18 |
| Holding companies; security repurchase agreements; liability | FL732151003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 19 |
| Holding companies; debt securities; liability | FL734122005 | 1541.8 | 1556.3 | 1542.1 | 1535.2 | 1590.3 | 1542.1 | 1607.0 | 1637.1 | 1620.2 | 20 |
| Holding companies; commercial paper; liability | FL733169103 | 9.5 | 12.6 | 7.0 | 9.7 | 6.2 | 7.0 | 8.7 | 9.8 | 6.2 | 21 |
| Holding companies; corporate and foreign bonds; liability | FL733163005 | 1532.2 | 1543.6 | 1535.1 | 1525.5 | 1584.1 | 1535.1 | 1598.3 | 1627.3 | 1614.0 | 22 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) (2) | LM733192305 | 70.2 | 70.7 | 51.9 | 62.3 | 50.4 | 51.9 | 52.6 | 54.6 | 57.9 | 23 |
| Holding companies; taxes payable, tax on foreign earnings retained abroad; liability | FL733178013 | 2.5 | 1.9 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.0 | 0.0 | 24 |
| Holding companies; total miscellaneous liabilities | FL733190005 | 634.3 | 710.7 | 809.0 | 759.3 | 798.8 | 809.0 | 817.0 | 838.2 | 860.1 | 25 |
| Holding companies; balances due to affiliates; liability | FL733194735 | 587.7 | 654.5 | 728.2 | 690.5 | 719.3 | 728.2 | 743.9 | 760.8 | 780.1 | 26 |
| Holding companies; unidentified miscellaneous liabilities | FL733193005 | 46.6 | 56.2 | 80.8 | 68.8 | 79.5 | 80.8 | 73.1 | 77.4 | 80.0 | 27 |
| Holding companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; asset | LM733181105 | 2584.1 | 2710.3 | 3500.9 | 2986.8 | 3149.1 | 3500.9 | 3373.2 | 3847.4 | 4123.3 | 28 |
| Holding companies; corporate equities; liability | LM733164105 | 2488.6 | 2626.6 | 3410.0 | 2894.5 | 3053.6 | 3410.0 | 3279.8 | 3754.1 | 4025.1 | 29 |
| Holding companies; foreign direct investment in U.S.: equity; liability (market value) (2) | LM733192103 | 95.5 | 83.7 | 90.9 | 92.3 | 95.5 | 90.9 | 93.4 | 93.3 | 98.2 | 30 |
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