Financial Accounts of the United States - Z.1
L.220 Commercial Mortgages
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; commercial mortgages; asset | FL893065505 | 3644.2 | 3772.9 | 3836.5 | 3800.5 | 3831.1 | 3836.5 | 3854.9 | 3890.2 | 3935.1 | 1 |
| Nonprofit organizations; commercial mortgages; liability (1) | FL163165505 | 468.6 | 494.1 | 507.1 | 499.8 | 505.9 | 507.1 | 510.8 | 517.8 | 526.6 | 2 |
| Nonfinancial corporate business; commercial mortgages; liability | FL103165505 | 1076.7 | 1121.4 | 1151.8 | 1132.6 | 1149.5 | 1151.8 | 1157.7 | 1175.0 | 1195.5 | 3 |
| Nonfinancial noncorporate business; commercial mortgages; liability | FL113165505 | 2099.0 | 2157.4 | 2177.6 | 2168.1 | 2175.7 | 2177.6 | 2186.4 | 2197.4 | 2213.0 | 4 |
| All sectors; commercial mortgages; asset | FL893065505 | 3644.2 | 3772.9 | 3836.5 | 3800.5 | 3831.1 | 3836.5 | 3854.9 | 3890.2 | 3935.1 | 5 |
| Households and nonprofit organizations; commercial mortgages; asset | FL153065505 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 6 |
| Nonfinancial corporate business; commercial mortgages; asset | FL103065505 | 95.7 | 110.7 | 114.4 | 113.8 | 113.9 | 114.4 | 114.4 | 114.5 | 114.6 | 7 |
| Nonfinancial noncorporate business; commercial mortgages; asset | FL113065503 | 14.7 | 15.1 | 15.4 | 15.2 | 15.3 | 15.4 | 15.5 | 15.6 | 15.7 | 8 |
| Federal government; commercial mortgages; asset | FL313065505 | 81.8 | 86.3 | 90.4 | 88.6 | 89.1 | 90.4 | 91.8 | 92.9 | 94.2 | 9 |
| State and local governments; commercial mortgages; asset | FL213065503 | 20.8 | 18.3 | 18.7 | 18.5 | 18.6 | 18.7 | 18.7 | 18.7 | 18.7 | 10 |
| U.S.-chartered depository institutions; commercial mortgages; asset | FL763065505 | 2074.2 | 2159.9 | 2178.6 | 2177.4 | 2180.6 | 2178.6 | 2179.2 | 2189.3 | 2196.8 | 11 |
| Foreign banking offices in the U.S.; commercial mortgages; asset | FL753065503 | 83.8 | 87.8 | 90.3 | 90.5 | 90.2 | 90.3 | 88.0 | 90.8 | 90.1 | 12 |
| Banks in U.S.-affiliated areas; commercial mortgages; asset | FL743065505 | 10.3 | 10.9 | 11.4 | 11.0 | 11.2 | 11.4 | 10.8 | 10.9 | 11.1 | 13 |
| Credit unions; commercial mortgages; asset | FL473065503 | 94.7 | 106.2 | 116.7 | 110.6 | 113.4 | 116.7 | 119.5 | 122.9 | 126.4 | 14 |
| Property-casualty insurance companies; commercial mortgages, including those held by U.S. residual market reinsurers; asset | FL513065505 | 30.4 | 32.9 | 32.4 | 33.0 | 33.0 | 32.4 | 32.1 | 33.0 | 33.2 | 15 |
| Life insurance companies; commercial mortgages; asset | FL543065505 | 471.9 | 486.5 | 505.5 | 492.2 | 502.6 | 505.5 | 510.6 | 514.1 | 519.9 | 16 |
| Private pension funds; commercial mortgages; asset | FL573065505 | 15.7 | 21.2 | 23.8 | 22.5 | 23.2 | 23.8 | 24.4 | 25.1 | 25.6 | 17 |
| State and local government employee defined benefit retirement funds; commercial mortgages; asset | FL223065545 | 2.2 | 1.6 | 1.8 | 1.5 | 1.5 | 1.8 | 1.7 | 1.9 | 1.8 | 18 |
| Agency-and GSE-backed mortgage pools; commercial mortgages; asset | FL413065505 | 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 | FL673065505 | 417.2 | 424.1 | 445.4 | 424.4 | 440.3 | 445.4 | 456.7 | 468.6 | 496.7 | 20 |
| Finance companies; commercial mortgages; asset | FL613065503 | 25.4 | 23.1 | 22.3 | 21.9 | 22.1 | 22.3 | 22.1 | 22.0 | 22.2 | 21 |
| Mortgage real estate investment trusts; commercial mortgages; asset | FL643065573 | 204.0 | 186.7 | 167.8 | 177.9 | 174.6 | 167.8 | 167.8 | 168.2 | 166.5 | 22 |
NOTES
- Liability of the households and nonprofit organizations sector (tables L.101 and B.101).
Last Update: January 9, 2026