Financial Accounts of the United States - Z.1
L.224 Corporate Equities (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; corporate equities; asset | LM893064105 | 65308.6 | 78220.9 | 93815.2 | 86971.8 | 92384.3 | 93815.2 | 90470.6 | 99893.1 | 108454.6 | 1 |
| 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 | 2 |
| Nonfinancial corporate business; public corporate equities; liability (includes closely held before 1996q4) | LM103164115 | 34091.7 | 42480.1 | 51870.3 | 48005.4 | 50653.5 | 51870.3 | 48626.0 | 54309.0 | 58918.7 | 3 |
| Nonfinancial corporate business; closely held corporate equities; liability | LM103164125 | 7973.3 | 9262.9 | 10858.3 | 10174.2 | 10721.3 | 10858.3 | 10180.5 | 11174.8 | 12712.6 | 4 |
| Domestic financial sectors; corporate equities; liability | LM793164105 | 13111.5 | 15210.8 | 19090.2 | 16913.7 | 18393.5 | 19090.2 | 19248.8 | 20740.1 | 22306.8 | 5 |
| U.S.-chartered depository institutions; corporate equities; liability | LM763164105 | 124.1 | 98.7 | 105.8 | 91.9 | 98.9 | 105.8 | 96.6 | 98.2 | 115.0 | 6 |
| U.S.-chartered depository institutions; public corporate equities; liability (2) | LM763164113 | 114.9 | 91.5 | 97.6 | 85.2 | 91.3 | 97.6 | 89.4 | 91.0 | 106.2 | 7 |
| U.S.-chartered depository institutions; closely held corporate equities; liability | LM763164123 | 9.3 | 7.3 | 8.2 | 6.7 | 7.6 | 8.2 | 7.2 | 7.2 | 8.9 | 8 |
| Property-casualty insurance companies; corporate equities; liability | LM513164105 | 1029.9 | 1153.4 | 1462.4 | 1310.5 | 1483.3 | 1462.4 | 1687.4 | 1580.4 | 1607.4 | 9 |
| Property-casualty insurance companies; public corporate equities; liability | LM513164113 | 1021.2 | 1144.7 | 1450.8 | 1300.1 | 1472.1 | 1450.8 | 1676.1 | 1566.5 | 1591.4 | 10 |
| Property-casualty insurance companies; closely held corporate equities; liability | LM513164123 | 8.7 | 8.8 | 11.5 | 10.3 | 11.2 | 11.5 | 11.3 | 13.9 | 16.0 | 11 |
| Life insurance companies, general accounts; corporate equities; liability | LM543164175 | 247.0 | 255.0 | 288.7 | 265.8 | 295.5 | 288.7 | 290.5 | 288.0 | 299.5 | 12 |
| Life insurance companies, general accounts; public corporate equities; liability | LM543164113 | 241.0 | 248.6 | 280.3 | 258.5 | 287.5 | 280.3 | 283.6 | 279.1 | 289.0 | 13 |
| Life insurance companies, general accounts; closely held corporate equities; liability | LM543164123 | 5.9 | 6.4 | 8.4 | 7.2 | 7.9 | 8.4 | 6.9 | 8.9 | 10.5 | 14 |
| Closed-end funds; total financial assets | LM554090005 | 247.9 | 250.3 | 251.1 | 252.9 | 260.6 | 251.1 | 248.5 | 251.9 | 257.6 | 15 |
| Exchange-traded funds; total financial assets | LM564090005 | 6476.9 | 8085.7 | 10305.4 | 9143.1 | 9968.6 | 10305.4 | 10369.1 | 11492.1 | 12635.1 | 16 |
| Government-sponsored enterprises; corporate equities; liability (2) | LM403164105 | 229.3 | 258.9 | 325.3 | 292.1 | 309.8 | 325.3 | 342.0 | 360.2 | 378.1 | 17 |
| Mortgage real estate investment trusts; corporate equities; liability | LM643164105 | 60.4 | 66.2 | 64.5 | 63.2 | 70.4 | 64.5 | 68.7 | 66.9 | 72.1 | 18 |
| Mortgage real estate investment trusts; public corporate equities; liability | LM643164113 | 56.8 | 62.2 | 60.4 | 59.1 | 65.8 | 60.4 | 64.5 | 62.8 | 67.2 | 19 |
| Mortgage real estate investment trusts; closely held corporate equities; liability | LM643164123 | 3.6 | 4.1 | 4.1 | 4.1 | 4.6 | 4.1 | 4.2 | 4.1 | 4.9 | 20 |
| Security brokers and dealers; corporate equities; liability | LM663164105 | 94.9 | 108.5 | 172.1 | 130.8 | 141.4 | 172.1 | 165.6 | 228.1 | 273.2 | 21 |
| Security brokers and dealers; public corporate equities; liability | LM663164113 | 92.0 | 105.3 | 165.7 | 126.3 | 136.7 | 165.7 | 159.6 | 219.2 | 261.0 | 22 |
| Security brokers and dealers; closely held corporate equities; liability | LM663164123 | 2.9 | 3.2 | 6.4 | 4.5 | 4.8 | 6.4 | 6.0 | 8.9 | 12.2 | 23 |
| Holding companies; corporate equities; liability | LM733164105 | 2488.6 | 2626.6 | 3410.0 | 2894.5 | 3053.6 | 3410.0 | 3279.8 | 3754.1 | 4025.1 | 24 |
| Holding companies; public corporate equities; liability (2) | LM733164113 | 2379.3 | 2508.9 | 3254.4 | 2762.4 | 2915.2 | 3254.4 | 3137.3 | 3593.1 | 3837.4 | 25 |
| Holding companies; closely held corporate equities; liability | LM733164123 | 109.2 | 117.6 | 155.6 | 132.1 | 138.4 | 155.6 | 142.5 | 161.0 | 187.7 | 26 |
| Other financial business; corporate equities; liability | LM503164105 | 2112.6 | 2307.5 | 2704.9 | 2468.9 | 2711.5 | 2704.9 | 2700.5 | 2620.3 | 2643.6 | 27 |
| Other financial business; public corporate equities; liability (2) | LM503164115 | 2023.2 | 2204.6 | 2581.1 | 2354.5 | 2594.4 | 2581.1 | 2580.8 | 2493.1 | 2503.3 | 28 |
| Other financial business; closely held corporate equities; liability | LM503164125 | 89.3 | 102.9 | 123.8 | 114.4 | 117.0 | 123.8 | 119.7 | 127.2 | 140.3 | 29 |
| Rest of the world; foreign corporate equities including foreign investment fund shares; liability (3) | LM263164100 | 10132.0 | 11267.0 | 11996.3 | 11878.5 | 12616.0 | 11996.3 | 12415.3 | 13669.1 | 14516.5 | 30 |
| All sectors; corporate equities; asset | LM893064105 | 65308.6 | 78220.9 | 93815.2 | 86971.8 | 92384.3 | 93815.2 | 90470.6 | 99893.1 | 108454.6 | 31 |
| Households and nonprofit organizations; corporate equities; asset | LM153064105 | 26892.5 | 32241.9 | 38996.7 | 35820.6 | 38334.8 | 38996.7 | 37705.7 | 41549.0 | 46000.7 | 32 |
| 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 | 33 |
| Federal government; corporate equities; asset | LM313064105 | 227.6 | 255.2 | 317.5 | 287.8 | 305.8 | 317.5 | 329.7 | 342.4 | 371.9 | 34 |
| State and local governments; corporate equities; asset | LM213064103 | 121.0 | 130.7 | 136.3 | 133.8 | 139.8 | 136.3 | 138.3 | 142.3 | 146.2 | 35 |
| Monetary authority; corporate equities; asset | FL713064103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 36 |
| U.S.-chartered depository institutions; corporate equities, excluding Federal Reserve stock and equity in GSEs; asset | LM763064103 | 51.4 | 59.7 | 79.8 | 75.0 | 82.0 | 79.8 | 81.2 | 85.0 | 91.1 | 37 |
| Foreign banking offices in the U.S.; corporate equities; asset | FL753064103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 38 |
| Property-casualty insurance companies; corporate equities, including those held by U.S. residual market reinsurers; asset | LM513064105 | 532.9 | 596.3 | 545.9 | 550.2 | 545.1 | 545.9 | 538.9 | 577.9 | 595.2 | 39 |
| Life insurance companies; corporate equities; asset | LM543064105 | 658.5 | 695.9 | 800.5 | 765.0 | 806.1 | 800.5 | 783.7 | 831.2 | 859.8 | 40 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3177.5 | 3689.1 | 4448.8 | 4121.6 | 4355.7 | 4448.8 | 4211.1 | 4678.5 | 5290.5 | 41 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 418.7 | 534.5 | 650.5 | 601.7 | 635.5 | 650.5 | 599.1 | 663.7 | 718.2 | 42 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2957.4 | 3157.2 | 3381.4 | 3324.3 | 3434.6 | 3381.4 | 3275.6 | 3502.2 | 3703.5 | 43 |
| Mutual funds; corporate equities; asset | LM653064100 | 11867.0 | 13882.1 | 15716.1 | 15149.6 | 15905.7 | 15716.1 | 15061.8 | 16513.0 | 17029.5 | 44 |
| Closed-end funds; corporate equities; asset | LM553064103 | 98.5 | 99.8 | 104.1 | 102.8 | 107.8 | 104.1 | 102.7 | 107.1 | 111.9 | 45 |
| Exchange-traded funds; corporate equities; asset | LM563064100 | 5059.1 | 6433.3 | 8352.7 | 7380.7 | 8030.5 | 8352.7 | 8249.0 | 9262.2 | 10211.0 | 46 |
| Security brokers and dealers; corporate equities (net); asset | LM663064105 | 47.6 | 116.1 | 143.2 | 131.3 | 156.4 | 143.2 | 148.7 | 182.0 | 169.3 | 47 |
| Other financial business; corporate equities; asset | FL503064105 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 48 |
| Rest of the world; U.S. corporate equities; asset (4) | LM263064105 | 10801.2 | 13415.2 | 16891.6 | 15348.0 | 16275.0 | 16891.6 | 16180.9 | 18110.3 | 19592.3 | 49 |
| All domestic sectors; public corporate equities; liability (5) | LM883164115 | 46974.4 | 57440.7 | 70642.5 | 64639.8 | 68755.4 | 70642.5 | 67577.1 | 74718.0 | 80845.1 | 50 |
| All domestic sectors; closely held corporate equities; liability (6) | LM883164123 | 8202.2 | 9513.2 | 11176.4 | 10453.5 | 11012.8 | 11176.4 | 10478.2 | 11506.0 | 13093.1 | 51 |
| All domestic sectors; closely held S corporation corporate equities; liability | LM883164133 | 6253.8 | 7380.2 | 8760.7 | 8104.7 | 8555.6 | 8760.7 | 8064.7 | 8896.7 | 10170.2 | 52 |
| All domestic sectors; closely held C corporation corporate equities; liability | LM883164135 | 1948.4 | 2133.0 | 2415.7 | 2348.7 | 2457.2 | 2415.7 | 2413.6 | 2609.2 | 2922.9 | 53 |
| Interest rates and price indexes; Dow Jones U.S. Total Market Index | PC073164013 | -20.80 | 24.06 | 22.21 | 2.89 | 5.81 | 2.37 | -5.18 | 10.72 | 7.89 | 54 |
NOTES
- Includes shares of exchange-traded funds, closed-end funds, and real estate investment trusts. Excludes mutual fund shares shown on table L.226.
- Includes corporate equities issued by financial corporations under the federal financial stabilization programs.
- Holdings of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).
- Holdings of U.S. issues by foreign residents.
- Equal to the sum of lines 3, 7, 10, 13, 15, 16, 17, 19, 22, 25, and 28.
- Equal to the sum of lines 4, 8, 11, 14, 20, 23, 26, and 29.
Last Update: January 9, 2026