Financial Accounts of the United States - Z.1
F.108 Domestic financial sectors1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving less net capital transfers paid | FA796000105 | 481.5 | 555.7 | 666.0 | 516.8 | 592.1 | 547.1 | 662.0 | 730.0 | 725.0 |
| Line 2 | Gross investment | FA795090005 | 449.7 | 590.7 | 855.7 | 331.0 | 356.7 | 1469.3 | 857.9 | 714.8 | 380.8 |
| Line 3 | Capital expenditures | FA795013005 | 359.3 | 394.0 | 443.1 | 401.3 | 405.4 | 423.4 | 435.6 | 451.7 | 461.7 |
| Line 4 | Fixed nonresidential investment | FA795013005 | 359.3 | 394.0 | 443.1 | 401.3 | 405.4 | 423.4 | 435.6 | 451.7 | 461.7 |
| Line 5 | Net lending (+) or net borrowing (-) | FA795000005 | 90.4 | 196.7 | 412.6 | -70.4 | -48.7 | 1045.8 | 422.3 | 263.1 | -80.9 |
| Line 6 | Net acquisition of financial assets | FA794090005 | 3262.0 | 3237.0 | 5758.2 | 4854.0 | 1869.7 | 8286.0 | 5572.7 | 3390.9 | 5783.3 |
| Line 7 | Interbank assets | FA794010005 | 615.7 | -471.8 | 136.5 | -894.5 | -618.9 | 1070.3 | -739.3 | -42.1 | 257.3 |
| Line 8 | Checkable deposits and currency | FA793020005 | -59.8 | 34.9 | 74.0 | 147.0 | 28.9 | 14.0 | 241.7 | 108.6 | -68.1 |
| Line 9 | Time and savings deposits | FA793030005 | 128.4 | -4.9 | 11.6 | 197.1 | -164.6 | 227.4 | 1.3 | -247.0 | 64.8 |
| Line 10 | Other deposits | FA793030505 | 10.3 | -10.1 | -1.1 | -34.4 | 2.4 | -8.6 | 8.6 | -7.7 | 3.1 |
| Line 11 | Money market fund shares | FA793034005 | 48.4 | 88.8 | 172.2 | 125.6 | 85.7 | 234.6 | 132.3 | 152.5 | 169.3 |
| Line 12 | Federal funds and security repos | FA792050005 | -61.6 | 130.2 | 890.0 | 1205.2 | -636.1 | 2481.6 | 523.3 | -1247.0 | 1802.0 |
| Line 13 | Debt securities | FA794022005 | 843.9 | 1871.7 | 2419.6 | 2052.9 | 1880.2 | 1635.9 | 1492.6 | 3995.4 | 2554.8 |
| Line 14 | Open market paper | FA793069175 | -4.9 | -21.7 | 84.4 | 74.1 | -31.7 | 163.3 | 278.4 | -132.2 | 28.1 |
| Line 15 | Treasury securities | FA793061105 | 755.8 | 1057.5 | 1168.6 | 1115.8 | 1679.8 | -311.8 | 77.4 | 3326.8 | 1581.8 |
| Line 16 | Agency- and GSE-backed securities | FA793061705 | 75.8 | 127.2 | 308.7 | 252.2 | -16.2 | 668.5 | 506.7 | -8.5 | 68.0 |
| Line 17 | Municipal securities | FA793062005 | -73.8 | 16.6 | 79.6 | 64.5 | -10.7 | 77.0 | 57.1 | 113.7 | 70.6 |
| Line 18 | Corporate and foreign bonds | FA793063005 | 90.9 | 692.0 | 778.4 | 546.3 | 259.0 | 1038.9 | 573.0 | 695.5 | 806.2 |
| Line 19 | Loans | FA794023005 | 1082.8 | 1226.5 | 1917.7 | 1202.9 | 1792.3 | 941.2 | 1607.7 | 2401.1 | 2720.7 |
| Line 20 | Depository institution loans n.e.c. | FA793068005 | 28.5 | 210.9 | 589.8 | 101.3 | 385.2 | 355.8 | 824.4 | 366.2 | 812.8 |
| Line 21 | Other loans and advances | FA793069005 | 277.3 | 403.4 | 593.6 | 373.1 | 812.1 | 52.6 | -15.7 | 1163.0 | 1174.4 |
| Line 22 | Mortgages | FA793065005 | 621.8 | 565.9 | 680.2 | 688.1 | 491.3 | 536.3 | 741.3 | 827.1 | 616.2 |
| Line 23 | Consumer credit | FA793066005 | 155.2 | 46.3 | 54.1 | 40.5 | 103.6 | -3.5 | 57.7 | 44.8 | 117.3 |
| Line 24 | U.S. direct investment abroad: intercompany debt | FA793092305 | 6.1 | -1.7 | -10.3 | -18.5 | 35.6 | 17.9 | -42.3 | 2.2 | -19.0 |
| Line 25 | Corporate equities | FA793064105 | -304.3 | -89.3 | -236.7 | -139.7 | 412.7 | -81.4 | -174.1 | -881.9 | 190.5 |
| Line 26 | Other equity | FA793081115 | 138.6 | 139.4 | 79.8 | 205.0 | 181.6 | 171.1 | 102.2 | 4.3 | 41.5 |
| Line 27 | Mutual fund shares | FA793064205 | -37.8 | -312.3 | -694.5 | -391.8 | -272.8 | -404.3 | -434.9 | -1487.1 | -451.9 |
| Line 28 | Life insurance reserves | FA793040005 | 47.6 | 4.2 | 17.5 | 7.0 | 3.6 | 16.4 | 17.6 | 17.8 | 18.2 |
| Line 29 | Pension entitlements | FA543050005 | 90.7 | 129.6 | 51.9 | 129.6 | 129.6 | 51.2 | 48.3 | 53.1 | 55.0 |
| Line 30 | Trade receivables | FA793070005 | 56.5 | 4.6 | 34.7 | -6.4 | -24.5 | 63.6 | 50.7 | 26.0 | -1.3 |
| Line 31 | Miscellaneous assets | FA793090005 | 656.4 | 497.2 | 895.3 | 1067.1 | -966.0 | 1854.8 | 2737.0 | 542.6 | -1553.4 |
| Line 32 | Net increase in liabilities and equity | FA794194005 | 3171.7 | 3040.4 | 5345.6 | 4924.3 | 1918.4 | 7240.1 | 5150.3 | 3127.8 | 5864.2 |
| Line 33 | Net increase in liabilities | FA794190005 | 2585.7 | 1897.9 | 3948.7 | 3482.1 | 448.9 | 5827.8 | 4238.8 | 1597.1 | 4131.0 |
| Line 34 | Interbank liabilities | FA794110005 | 789.4 | -420.7 | 197.3 | -969.2 | -135.6 | 1555.3 | -1069.7 | -148.9 | 452.6 |
| Line 35 | Checkable deposits and currency | FA793120005 | 79.7 | 526.0 | 1690.2 | 998.7 | -9.3 | -301.2 | 1094.1 | 1977.8 | 3990.3 |
| Line 36 | Time and savings deposits | FA703130005 | -149.2 | 32.6 | -537.1 | 351.9 | -90.5 | 296.9 | 419.3 | 213.8 | -3078.3 |
| Line 37 | Other deposits | FA403197033 | 2.8 | 1.2 | 1.7 | 4.4 | 1.6 | 0.8 | 8.2 | -3.7 | 1.5 |
| Line 38 | Money market fund shares | FA634090005 | 1134.5 | 885.6 | 947.0 | 969.6 | 1369.2 | 926.6 | 459.1 | 981.0 | 1421.4 |
| Line 39 | Federal funds and security repos | FA792150005 | -846.5 | -343.0 | 194.4 | -507.9 | -997.0 | 1471.1 | 574.3 | -1802.0 | 534.1 |
| Line 40 | Debt securities | FA794122005 | 493.3 | 563.9 | 645.1 | 1377.5 | 258.3 | 963.2 | 1040.9 | 504.5 | 71.9 |
| Line 41 | Open market paper | FA793169175 | 7.5 | 36.7 | 112.1 | 212.8 | -38.7 | 106.2 | 157.2 | 137.9 | 47.1 |
| Line 42 | Agency- and GSE-backed securities | FA423161705 | 297.0 | 298.3 | 256.8 | 401.1 | 484.9 | 187.5 | 426.2 | 175.8 | 237.5 |
| Line 43 | Corporate and foreign bonds | FA793163005 | 188.8 | 228.9 | 276.3 | 763.6 | -187.9 | 669.5 | 457.5 | 190.8 | -212.7 |
| Line 44 | Loans | FA794123005 | -147.8 | 15.7 | 230.6 | 373.3 | -121.1 | 385.2 | 455.9 | 44.8 | 36.6 |
| Line 45 | Depository institution loans n.e.c. | FA793168005 | -13.3 | 30.4 | 114.2 | 68.1 | 8.3 | 24.0 | 133.7 | 162.1 | 137.0 |
| Line 46 | Other loans and advances | FA793169005 | -134.5 | -14.7 | 116.5 | 305.1 | -129.4 | 361.2 | 322.2 | -117.3 | -100.3 |
| Line 47 | Foreign direct investment: intercompany debt | FA793192305 | -0.7 | -21.7 | 13.4 | -45.1 | 0.9 | -8.4 | 18.2 | 21.7 | 22.2 |
| Line 48 | Mutual fund shares | FA653164205 | -310.8 | -168.8 | -777.8 | -250.4 | -138.2 | -479.5 | -618.5 | -1529.4 | -483.7 |
| Line 49 | Life insurance reserves | FA543140005 | 18.5 | 65.5 | 1.6 | 34.8 | 70.3 | -62.2 | 31.8 | 11.6 | 25.0 |
| Line 50 | Pension entitlements | FA583150005 | 584.7 | 446.7 | 371.0 | 381.4 | 453.0 | 262.9 | 353.0 | 371.3 | 497.0 |
| Line 51 | Trade payables | FA793170005 | 113.8 | 105.8 | 65.5 | 112.1 | 106.4 | 54.8 | 89.1 | 96.8 | 21.1 |
| Line 52 | Taxes payable | FA793178005 | 29.5 | 4.6 | 24.2 | 93.3 | -95.2 | -10.3 | 14.5 | 89.2 | 3.4 |
| Line 53 | Miscellaneous liabilities | FA793190005 | 794.5 | 204.6 | 881.5 | 557.6 | -223.6 | 772.8 | 1368.7 | 768.6 | 615.9 |
| Line 54 | Net equity issues | FA793181105 | 586.0 | 1142.4 | 1396.9 | 1442.3 | 1469.5 | 1412.3 | 911.5 | 1530.7 | 1733.2 |
| Line 55 | Corporate equities | FA793164105 | 487.2 | 1002.0 | 1269.8 | 1108.0 | 1412.2 | 1080.5 | 897.9 | 1426.2 | 1674.8 |
| Line 56 | Other equity | FA793181115 | 98.7 | 140.4 | 127.1 | 334.3 | 57.3 | 331.8 | 13.6 | 104.5 | 58.4 |
| Line 57 | Discrepancy | FA797005005 | 31.8 | -35.0 | -189.7 | 185.8 | 235.3 | -922.2 | -195.9 | 15.2 | 344.2 |
Note:
- Sum of financial sectors shown on tables F.109 through F.132.
Last Update: 2026-03-19