Financial Accounts of the United States - Z.1
B.104 Nonfinancial noncorporate business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Assets | FL112000005 | 27708.8 | 28251.6 | 28806.1 | 28062.0 | 28251.6 | 28244.5 | 28328.6 | 28686.8 | 28806.1 |
| Line 2 | Nonfinancial assets | LM112010005 | 18742.3 | 19034.8 | 19335.0 | 18918.2 | 19034.8 | 18970.3 | 19017.6 | 19306.6 | 19335.0 |
| Line 3 | Real estate1 | LM115035005 | 16850.6 | 17049.0 | 17281.9 | 16959.1 | 17049.0 | 16970.0 | 17011.1 | 17241.6 | 17281.9 |
| Line 4 | Residential | LM115035023 | 10214.0 | 10324.6 | 10395.0 | 10291.6 | 10324.6 | 10339.1 | 10416.0 | 10383.8 | 10395.0 |
| Line 5 | Nonresidential | LM115035035 | 6636.5 | 6724.4 | 6886.9 | 6667.5 | 6724.4 | 6630.9 | 6595.0 | 6857.8 | 6886.9 |
| Line 6 | Equipment2 | LM115015205 | 1124.4 | 1161.7 | 1167.5 | 1157.4 | 1161.7 | 1152.7 | 1156.4 | 1164.7 | 1167.5 |
| Line 7 | Residential3 | LM115012265 | 89.0 | 89.9 | 95.1 | 90.2 | 89.9 | 88.9 | 92.7 | 94.1 | 95.1 |
| Line 8 | Nonresidential | LM115013265 | 1035.4 | 1071.8 | 1072.4 | 1067.1 | 1071.8 | 1063.7 | 1063.6 | 1070.6 | 1072.4 |
| Line 9 | Intellectual property products (2) | LM115013765 | 449.5 | 484.9 | 510.6 | 472.3 | 484.9 | 488.3 | 492.0 | 500.0 | 510.6 |
| Line 10 | Inventories2 | LM115020005 | 317.8 | 339.1 | 375.1 | 329.4 | 339.1 | 359.2 | 358.1 | 400.3 | 375.1 |
| Line 11 | Financial assets | FL114090005 | 8966.5 | 9216.8 | 9471.1 | 9143.8 | 9216.8 | 9274.2 | 9311.1 | 9380.2 | 9471.1 |
| Line 12 | Checkable deposits and currency | FL113020005 | 495.9 | 525.5 | 539.5 | 520.6 | 525.5 | 528.7 | 530.8 | 534.6 | 539.5 |
| Line 13 | Time and savings deposits | FL113030003 | 1462.6 | 1499.1 | 1540.7 | 1487.8 | 1499.1 | 1508.5 | 1514.5 | 1525.8 | 1540.7 |
| Line 14 | Money market fund shares | FL113034003 | 138.6 | 142.1 | 146.0 | 141.0 | 142.1 | 143.0 | 143.5 | 144.6 | 146.0 |
| Line 15 | Debt securities | LM114022005 | 87.8 | 90.0 | 92.6 | 89.3 | 90.0 | 90.6 | 91.0 | 91.7 | 92.6 |
| Line 16 | Treasury securities | LM113061003 | 84.5 | 86.7 | 89.1 | 86.0 | 86.7 | 87.2 | 87.5 | 88.2 | 89.1 |
| Line 17 | Municipal securities | LM113062003 | 3.3 | 3.4 | 3.5 | 3.4 | 3.4 | 3.4 | 3.4 | 3.5 | 3.5 |
| Line 18 | Loans | FL114023005 | 55.2 | 56.5 | 58.1 | 56.1 | 56.5 | 56.9 | 57.1 | 57.5 | 58.1 |
| Line 19 | Mortgages | FL113065005 | 55.2 | 56.5 | 58.1 | 56.1 | 56.5 | 56.9 | 57.1 | 57.5 | 58.1 |
| Line 20 | Consumer credit | FL113066003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 21 | Equity investment in GSEs4 | FL113092405 | 18.3 | 19.1 | 19.8 | 18.6 | 19.1 | 18.8 | 19.1 | 19.3 | 19.8 |
| Line 22 | Trade receivables | FL113070003 | 1191.6 | 1221.4 | 1255.2 | 1212.1 | 1221.4 | 1229.0 | 1233.9 | 1243.1 | 1255.2 |
| Line 23 | Miscellaneous assets | FL113090005 | 5516.4 | 5662.9 | 5819.2 | 5618.3 | 5662.9 | 5698.7 | 5721.2 | 5763.6 | 5819.2 |
| Line 24 | Insurance receivables | FL113076005 | 172.4 | 191.6 | 200.1 | 189.5 | 191.6 | 194.8 | 197.2 | 199.6 | 200.1 |
| Line 25 | PPP subsidies receivable | FL113072003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 26 | Other | FL113093005 | 5344.0 | 5471.4 | 5619.1 | 5428.7 | 5471.4 | 5503.9 | 5523.9 | 5563.9 | 5619.1 |
| Line 27 | Total liabilities and equity | FL114194005 | 27708.8 | 28251.6 | 28806.1 | 28062.0 | 28251.6 | 28244.5 | 28328.6 | 28686.8 | 28806.1 |
| Line 28 | Liabilities | FL114190005 | 12131.4 | 12434.2 | 12845.7 | 12339.2 | 12434.2 | 12509.9 | 12605.5 | 12696.7 | 12845.7 |
| Line 29 | Loans | FL114123005 | 7569.5 | 7763.2 | 8026.7 | 7698.9 | 7763.2 | 7807.7 | 7862.1 | 7915.7 | 8026.7 |
| Line 30 | Depository institution loans n.e.c. | FL113168005 | 1703.4 | 1712.0 | 1731.9 | 1703.2 | 1712.0 | 1719.4 | 1731.6 | 1723.5 | 1731.9 |
| Line 31 | Other loans and advances | FL113169005 | 472.5 | 498.0 | 536.3 | 486.0 | 498.0 | 499.4 | 500.1 | 501.4 | 536.3 |
| Line 32 | Mortgages | FL113165005 | 5393.6 | 5553.1 | 5758.5 | 5509.6 | 5553.1 | 5589.0 | 5630.4 | 5690.7 | 5758.5 |
| Line 33 | Foreign direct investment: intercompany debt | LM115114305 | 3.6 | 3.5 | 3.2 | 3.6 | 3.5 | 3.5 | 3.4 | 3.2 | 3.2 |
| Line 34 | Trade payables | FL113170005 | 856.1 | 882.6 | 914.9 | 877.7 | 882.6 | 889.0 | 900.1 | 910.2 | 914.9 |
| Line 35 | Taxes payable | FL113178003 | 235.1 | 240.4 | 247.8 | 238.8 | 240.4 | 242.0 | 243.9 | 245.7 | 247.8 |
| Line 36 | Miscellaneous liabilities | FL113193003 | 3467.0 | 3544.6 | 3653.2 | 3520.3 | 3544.6 | 3567.6 | 3596.1 | 3622.0 | 3653.2 |
| Line 37 | Total equity | FL113181115 | 15577.5 | 15817.4 | 15960.4 | 15722.8 | 15817.4 | 15734.6 | 15723.1 | 15990.1 | 15960.4 |
| Line 38 | Foreign direct investment: equity | LM115114103 | 107.9 | 120.9 | 130.2 | 120.2 | 120.9 | 114.3 | 124.1 | 132.3 | 130.2 |
| Line 39 | Equity in noncorporate business5 | LM112090205 | 15469.6 | 15696.5 | 15830.1 | 15602.5 | 15696.5 | 15620.2 | 15599.0 | 15857.8 | 15830.1 |
| Memo: | |||||||||||
| Line 40 | Net worth (assets minus liabilities) | FL112090005 | 15577.5 | 15817.4 | 15960.4 | 15722.8 | 15817.4 | 15734.6 | 15723.1 | 15990.1 | 15960.4 |
| Replacement-cost value of structures: | |||||||||||
| Line 41 | Residential | FL115012665 | 5387.5 | 5575.6 | 5751.5 | 5534.9 | 5575.6 | 5641.8 | 5677.8 | 5733.5 | 5751.5 |
| Line 42 | Nonresidential | FL115013665 | 3121.6 | 3187.9 | 3454.0 | 3170.0 | 3187.9 | 3245.4 | 3285.0 | 3360.4 | 3454.0 |
| Line 43 | Debt/net worth (percent) (line 29/line 40) | FL114104006 | 48.6 | 49.1 | 50.3 | 49.0 | 49.1 | 49.6 | 50.0 | 49.5 | 50.3 |
Notes:
- At market value.
- At replacement (current) cost.
- Durable goods in rental properties.
- Equity in the Farm Credit System.
- Included in table B.101, line 24.
Last Update: 2026-03-19