Financial Accounts of the United States - Z.1
L.4.s Net Stocks of Fixed Assets, current cost
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 domestic sectors; gross fixed investment, current cost basis | FL885019865 | 86358.9 | 88606.2 | 91548.5 | 89965.8 | 90849.6 | 91548.5 | 92564.6 | 93310.1 | 94612.4 | 1 |
| All domestic sectors; gross fixed investment, structures, current cost basis | FL885019665 | 70186.7 | 71592.6 | 73687.1 | 72527.2 | 73183.9 | 73687.1 | 74533.5 | 75029.2 | 75970.9 | 2 |
| All domestic sectors; gross fixed investment, equipment, current cost basis | FL885019265 | 9974.3 | 10371.2 | 10729.4 | 10575.0 | 10669.5 | 10729.4 | 10798.6 | 10949.7 | 11152.3 | 3 |
| All domestic sectors; nonresidential intellectual property products, current cost basis | FL885013765 | 6197.8 | 6642.4 | 7132.1 | 6863.6 | 6996.2 | 7132.1 | 7232.6 | 7331.3 | 7489.1 | 4 |
| All domestic sectors; nonresidential software, current cost basis | FL885013365 | 1198.0 | 1298.4 | 1433.4 | 1355.9 | 1403.4 | 1433.4 | 1431.3 | 1418.1 | 1477.0 | 5 |
| All domestic sectors; nonresidential research and development, current cost basis | FL885013465 | 4354.3 | 4654.3 | 4986.4 | 4801.1 | 4883.0 | 4986.4 | 5081.0 | 5181.3 | 5277.8 | 6 |
| Private domestic sectors; nonresidential entertainment, literary, and artistic originals, current cost basis | FL835013565 | 645.5 | 689.7 | 712.2 | 706.7 | 709.8 | 712.2 | 720.3 | 731.9 | 734.3 | 7 |
| All domestic sectors; gross fixed investment, current cost basis | FL885019865 | 86358.9 | 88606.2 | 91548.5 | 89965.8 | 90849.6 | 91548.5 | 92564.6 | 93310.1 | 94612.4 | 8 |
| Households and nonprofit organizations; structures, equipment, and intellectual property products, current cost basis (Fixed assets basis) | FL155015015 | 30637.6 | 31207.3 | 32262.9 | 31647.1 | 32011.9 | 32262.9 | 32661.6 | 32898.3 | 33360.4 | 9 |
| Nonfinancial corporate business; structures, equipment, and intellectual property products, current cost basis (includes used car premium and REITs residential structures) | FL105015085 | 23313.7 | 24166.4 | 24954.9 | 24572.3 | 24764.6 | 24954.9 | 25167.1 | 25352.0 | 25774.3 | 10 |
| Nonfinancial noncorporate business; structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FL115015005 | 9847.4 | 10083.0 | 10410.2 | 10233.9 | 10334.6 | 10410.2 | 10528.2 | 10611.2 | 10774.7 | 11 |
| Federal government; nonfinancial assets (does not include land) | FL315015005 | 4442.1 | 4570.2 | 4710.1 | 4640.5 | 4672.6 | 4710.1 | 4778.9 | 4831.0 | 4873.7 | 12 |
| State and local governments; net fixed investment (NIPA basis) | FL215015005 | 15605.2 | 16021.3 | 16561.9 | 16268.6 | 16438.3 | 16561.9 | 16766.9 | 16946.5 | 17112.0 | 13 |
| Domestic financial sectors; nonfinancial assets (does not include land) (1) | FL795013865 | 2512.8 | 2558.0 | 2648.6 | 2603.3 | 2627.7 | 2648.6 | 2661.9 | 2671.0 | 2717.2 | 14 |
| Monetary authority; nonresidential structures, equipment, and intellectual property products, current cost basis | FL715013865 | 14.8 | 14.9 | 15.4 | 15.2 | 15.3 | 15.4 | 15.4 | 15.4 | 15.6 | 15 |
| Private depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL705013865 | 696.3 | 713.3 | 744.6 | 728.8 | 737.1 | 744.6 | 749.3 | 752.1 | 765.9 | 16 |
| U.S.-chartered depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL765013865 | 502.7 | 503.1 | 534.8 | 518.8 | 527.1 | 534.8 | 538.2 | 540.3 | 550.4 | 17 |
| Foreign banking offices in the U.S.; nonresidential structures, equipment, and intellectual property products, current cost basis | FL755013865 | 93.8 | 107.7 | 99.2 | 103.5 | 101.4 | 99.2 | 99.8 | 100.2 | 101.9 | 18 |
| Banks in U.S.-affiliated areas; nonresidential structures, equipment, and intellectual property products, current cost basis | FL745013865 | 2.0 | 2.1 | 2.3 | 2.2 | 2.2 | 2.3 | 2.3 | 2.3 | 2.3 | 19 |
| Credit unions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL475013865 | 97.7 | 100.3 | 108.3 | 104.3 | 106.3 | 108.3 | 109.0 | 109.4 | 111.2 | 20 |
| Property-casualty insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL515013865 | 229.8 | 232.2 | 239.6 | 235.7 | 237.9 | 239.6 | 240.1 | 239.9 | 243.8 | 21 |
| Life insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL545013865 | 198.5 | 204.7 | 214.9 | 209.6 | 212.3 | 214.9 | 216.6 | 217.8 | 222.1 | 22 |
| Private pension funds; nonresidential structures, equipment, and intellectual property products, current cost basis | FL575013865 | 5.3 | 7.9 | 9.8 | 8.8 | 9.3 | 9.8 | 10.2 | 10.5 | 11.0 | 23 |
| State and local government employee retirement funds; nonresidential structures, equipment, and intellectual property products, current cost basis | FL225013865 | 16.8 | 20.7 | 25.5 | 23.1 | 24.3 | 25.5 | 26.6 | 27.6 | 29.1 | 24 |
| Government-sponsored enterprises; nonresidential structures, equipment, and intellectual property products, current cost basis | FL405013865 | 4.4 | 4.8 | 4.7 | 4.7 | 4.7 | 4.7 | 4.7 | 4.7 | 4.8 | 25 |
| Issuers of asset-backed securities; consumer leases | FL675013263 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26 |
| Finance companies; nonresidential structures, equipment, and intellectual property products excluding securitized equipment, current cost basis | FL615013865 | 524.5 | 519.7 | 523.1 | 522.6 | 523.6 | 523.1 | 524.1 | 527.6 | 535.0 | 27 |
| Security brokers and dealers; nonresidential structures, equipment, and intellectual property products, current cost basis | FL665013865 | 303.2 | 320.7 | 343.3 | 331.5 | 337.7 | 343.3 | 346.7 | 349.1 | 357.9 | 28 |
| Holding companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL735013865 | 519.2 | 519.0 | 527.8 | 523.3 | 525.5 | 527.8 | 528.1 | 526.3 | 531.9 | 29 |
| Households and nonprofit organizations; consumer durable goods, current cost basis (2) | FL155111005 | 7639.3 | 7856.6 | 8111.2 | 7968.1 | 8013.4 | 8111.2 | 8241.1 | 8416.9 | 8534.0 | 30 |
| Nonfinancial business; inventories (3) | FL145020005 | 3828.6 | 3813.7 | 3913.3 | 3859.0 | 3871.1 | 3913.3 | 4018.3 | 4008.6 | 4092.6 | 31 |
NOTES
- Domestic financial subsector detail are based on FRB staff estimates.
- Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector fixed investment (table B.101, line 8).
- Not included above.
Last Update: January 9, 2026