Financial Accounts of the United States - Z.1
F.123 Closed-end funds
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 | Net acquisition of financial assets | FA554090005 | -0.9 | -1.5 | 0.2 | -1.9 | -3.3 | -0.5 | 1.8 | -3.2 | 2.5 |
| Line 2 | Debt securities | FA554022005 | -0.9 | -1.3 | 0.7 | -1.1 | -3.7 | -0.5 | 2.2 | -0.6 | 1.5 |
| Line 3 | Treasury securities | FA553061103 | -0.3 | -0.1 | 0.0 | 0.0 | -0.4 | 0.1 | -0.1 | -0.0 | 0.2 |
| Line 4 | Municipal securities | FA553062003 | -0.7 | -1.0 | -0.4 | -0.1 | -2.9 | -0.6 | 0.0 | -1.4 | 0.4 |
| Line 5 | Corporate and foreign bonds | FA553063003 | 0.1 | -0.2 | 1.1 | -1.1 | -0.4 | 0.1 | 2.3 | 0.9 | 0.9 |
| Line 6 | Corporate equities | FA553064103 | 0.1 | -0.2 | -0.5 | -0.7 | 0.3 | -0.0 | -0.4 | -2.7 | 1.0 |
| Line 7 | Net share issues (liabilities) | FA554090005 | -0.9 | -1.5 | 0.2 | -1.9 | -3.3 | -0.5 | 1.8 | -3.2 | 2.5 |
| Memo: Net acquisition of financial assets by investment objective | |||||||||||
| Line 8 | Domestic equity funds | FA554091603 | 0.1 | -0.2 | -1.1 | -0.4 | 0.3 | 0.2 | -2.1 | -2.7 | 0.3 |
| Line 9 | World equity funds | FA554092603 | -0.1 | 0.0 | 0.6 | -0.3 | -0.0 | -0.2 | 1.7 | 0.0 | 0.7 |
| Line 10 | Domestic taxable bond funds | FA554091303 | -0.0 | -0.3 | 1.0 | -1.0 | -0.6 | 0.1 | 2.2 | 0.9 | 0.9 |
| Line 11 | Municipal bond funds | FA554091203 | -0.7 | -1.0 | -0.4 | -0.1 | -2.9 | -0.6 | 0.0 | -1.4 | 0.4 |
| Line 12 | World bond funds | FA554092303 | -0.2 | -0.0 | 0.1 | 0.0 | -0.2 | 0.0 | 0.0 | 0.0 | 0.2 |
Last Update: 2026-03-19