Financial Accounts of the United States - Z.1
F.130 Security brokers and dealers
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 paid1 | FA666000105 | 60.5 | 78.1 | 85.8 | 75.9 | 83.6 | 84.0 | 84.4 | 86.5 | 88.5 |
| Line 2 | Fixed nonresidential investment | FA665013005 | 68.6 | 74.5 | 80.4 | 75.5 | 75.8 | 77.6 | 79.5 | 81.4 | 83.0 |
| Line 3 | Net acquisition of financial assets | FA664090005 | 545.8 | 427.4 | 1057.3 | 1462.4 | -1101.8 | 2057.8 | 1139.3 | 518.4 | 513.9 |
| Line 4 | Checkable deposits and currency | FA663020003 | -20.5 | -0.9 | 7.4 | 24.3 | 7.1 | 3.1 | 40.2 | 33.4 | -47.2 |
| Line 5 | Security repurchase agreements | FA662051003 | 164.2 | 64.2 | 299.7 | 491.9 | -567.4 | 962.1 | -299.9 | 5.1 | 531.4 |
| Line 6 | Debt securities2 | FA664022005 | 222.5 | 176.8 | 237.4 | 109.0 | 125.5 | 504.6 | 411.0 | -134.1 | 168.2 |
| Line 7 | Open market paper | FA663069105 | 0.6 | 12.4 | 16.9 | 57.8 | -22.9 | 3.0 | 54.5 | 6.1 | 4.1 |
| Line 8 | Treasury securities | FA663061105 | 108.0 | 130.2 | 71.2 | 68.2 | 311.0 | 87.6 | 99.9 | -101.8 | 199.1 |
| Line 9 | Agency- and GSE-backed securities | FA663061705 | 101.5 | 34.4 | 153.5 | 57.1 | -159.7 | 393.8 | 221.0 | -31.6 | 30.9 |
| Line 10 | Municipal securities | FA663062005 | 0.9 | 2.1 | -2.2 | -9.0 | -1.5 | 8.1 | 6.6 | -3.5 | -19.8 |
| Line 11 | Corporate and foreign bonds | FA663063005 | 11.5 | -2.3 | -2.1 | -65.1 | -1.6 | 12.1 | 29.0 | -3.4 | -46.2 |
| Line 12 | Loans (other loans and advances) | FA663069005 | -16.8 | 89.1 | 186.6 | 35.6 | 192.9 | 42.1 | 301.7 | 196.1 | 206.5 |
| Line 13 | U.S. direct investment abroad: intercompany debt | FA663092305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 14 | Corporate equities2 | FA663064105 | 53.2 | 1.2 | -28.7 | 69.6 | -67.4 | 51.5 | 69.7 | -108.2 | -127.9 |
| Line 15 | U.S. direct investment abroad: equity | FA663092103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 16 | Miscellaneous assets | FA663090005 | 143.1 | 97.1 | 355.0 | 732.0 | -792.5 | 494.5 | 616.7 | 526.0 | -217.1 |
| Line 17 | Receivables due from other brokers and dealers | FA663070605 | 64.0 | -19.4 | 271.1 | 386.4 | -747.9 | 381.8 | 512.7 | 372.2 | -182.4 |
| Line 18 | Balances due from holding company parent | FA663094705 | 18.1 | 68.8 | 34.7 | 119.7 | 0.1 | 69.8 | 5.8 | 19.3 | 43.8 |
| Line 19 | Other3 | FA663093005 | 61.0 | 47.7 | 49.3 | 225.9 | -44.7 | 43.0 | 98.1 | 134.5 | -78.5 |
| Line 20 | Net increase in liabilities and equity | FA664194005 | 539.6 | 420.0 | 947.6 | 1488.0 | -951.1 | 1994.0 | 874.3 | 492.1 | 430.0 |
| Line 21 | Net increase in liabilities | FA664190005 | 528.3 | 393.6 | 1002.1 | 1414.0 | -1146.0 | 1989.0 | 1109.8 | 481.9 | 427.7 |
| Line 22 | Security repurchase agreements | FA662151003 | 483.9 | 226.0 | 491.8 | 513.0 | -687.0 | 1446.0 | 60.6 | -47.3 | 508.1 |
| Line 23 | Debt securities (corporate bonds) | FA663163003 | 0.1 | 91.1 | 35.0 | 272.4 | 0.5 | 123.7 | 75.6 | 15.3 | -74.5 |
| Line 24 | Loans | FA664123005 | -76.5 | 29.3 | 214.0 | 326.6 | -124.1 | 349.8 | 277.6 | 186.1 | 42.4 |
| Line 25 | Depository institution loans n.e.c. | FA663168005 | -1.0 | 10.6 | 107.9 | 13.8 | 22.3 | 29.1 | 143.9 | 120.9 | 137.6 |
| Line 26 | Other loans and advances | FA663167005 | -75.5 | 18.7 | 106.1 | 312.8 | -146.3 | 320.8 | 133.8 | 65.2 | -95.2 |
| Line 27 | Foreign direct investment: intercompany debt | FA663192305 | 0.7 | 1.2 | -0.3 | 1.2 | -0.2 | -1.4 | 1.1 | 1.2 | -2.1 |
| Line 28 | Trade payables | FA663170003 | -1.6 | 4.6 | 4.5 | 11.0 | 5.2 | 14.1 | -2.1 | 1.1 | 4.9 |
| Line 29 | Taxes payable | FA663178003 | 0.1 | 1.4 | -0.9 | 3.2 | -3.8 | 0.4 | 1.1 | 2.4 | -7.5 |
| Line 30 | Miscellaneous liabilities | FA663190005 | 121.5 | 40.0 | 257.9 | 286.6 | -336.5 | 56.4 | 695.8 | 323.1 | -43.5 |
| Line 31 | Payables due to other brokers and dealers | FA663170605 | 60.1 | -64.5 | 169.3 | 129.6 | -406.6 | 93.3 | 444.2 | 230.6 | -91.1 |
| Line 32 | Other investment by parent companies | FA663194705 | 74.1 | 41.3 | 48.8 | 178.5 | -88.1 | 210.0 | 76.8 | 46.6 | -138.0 |
| Line 33 | Other | FA663193005 | -12.6 | 63.3 | 39.8 | -21.6 | 158.2 | -247.0 | 174.9 | 46.0 | 185.5 |
| Line 34 | Net equity issues | FA663181105 | 11.3 | 26.4 | -54.5 | 74.0 | 194.9 | 5.0 | -235.4 | 10.2 | 2.4 |
| Line 35 | Corporate equities | FA663164105 | 12.4 | -4.2 | 1.0 | 53.2 | -15.1 | 0.9 | -10.9 | -4.6 | 18.6 |
| Line 36 | Foreign direct investment: equity | FA663192103 | 44.1 | 44.0 | 29.0 | 72.4 | 36.4 | -33.8 | 44.2 | 59.4 | 46.1 |
| Line 37 | Proprietors' net investment | FA662090003 | 14.1 | 16.8 | 30.4 | 15.4 | 34.9 | 46.2 | 3.8 | 19.6 | 51.9 |
| Line 38 | Equity investment by holding company parents | FA663194605 | -59.3 | -30.2 | -114.8 | -67.0 | 138.6 | -8.3 | -272.6 | -64.2 | -114.3 |
| Line 39 | Equity investment by other financial business | FA663194505 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 40 | Discrepancy | FA667005005 | -14.3 | -3.8 | -104.3 | 26.0 | 158.6 | -57.5 | -260.0 | -21.2 | -78.4 |
| Memo: | |||||||||||
| Line 41 | Total short positions | FA664160000 | 96.0 | -33.3 | 121.0 | -88.4 | -142.6 | 120.6 | 201.4 | 204.2 | -42.2 |
| Line 42 | Open market paper | FA664166903 | -0.0 | 0.1 | 0.2 | -0.2 | 0.4 | -0.4 | 0.8 | -0.6 | 0.8 |
| Line 43 | Treasury securities | FA664161103 | 16.4 | -3.9 | -13.9 | -85.3 | -100.6 | -76.5 | 16.9 | 46.6 | -42.7 |
| Line 44 | Agency- and GSE-backed securities | FA664161703 | -1.1 | -0.8 | 0.2 | 4.9 | -5.5 | 9.4 | -5.4 | 0.3 | -3.4 |
| Line 45 | Municipal securities | FA664166203 | 0.0 | 0.0 | -0.0 | -0.0 | -0.3 | 0.3 | 0.0 | -0.4 | -0.1 |
| Line 46 | Corporate and foreign bonds | FA664166303 | 8.3 | 18.8 | 18.2 | 53.7 | -27.0 | 61.3 | 1.7 | 36.1 | -26.4 |
| Line 47 | Corporate equities | FA664164103 | 10.4 | -56.4 | 55.9 | -83.8 | -168.2 | 259.2 | 56.1 | -2.7 | -89.1 |
| Line 48 | Other miscellaneous assets | FA664169305 | 62.1 | 8.9 | 60.6 | 22.3 | 158.6 | -132.6 | 131.3 | 124.9 | 118.7 |
Notes:
- Net capital transfers paid from table F.5, line 58.
- All securities are shown net of securities sold short. See memo items for detail.
- Net of short positions in commodities, swaps, derivatives, and options. See memo items for detail.
Last Update: 2026-03-19