Financial Accounts of the United States - Z.1
F.132 Other financial business1
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 | FA506006405 | -79.0 | -28.1 | 47.3 | -27.7 | -28.3 | -19.6 | 30.7 | 70.8 | 107.1 |
| Line 2 | Net acquisition of financial assets | FA504090005 | -55.5 | 57.5 | 255.8 | 127.5 | 27.4 | 473.8 | 409.5 | 13.6 | 126.1 |
| Line 3 | Checkable deposits and currency | FA503020005 | -45.4 | 3.2 | 51.8 | 40.0 | 15.6 | 89.4 | 123.8 | -10.2 | 4.0 |
| Line 4 | Money market fund shares | FA503034005 | 19.9 | 77.5 | 70.8 | 60.2 | 142.9 | 153.7 | -83.4 | 78.1 | 134.9 |
| Line 5 | Security repurchase agreements | FA502051005 | 1.5 | -1.3 | 0.9 | -0.4 | -2.0 | -0.8 | 5.4 | -1.8 | 0.6 |
| Line 6 | Debt securities | FA504022005 | -44.7 | -1.4 | 88.1 | -9.8 | -75.5 | 155.7 | 345.0 | -133.4 | -14.7 |
| Line 7 | Open market paper | FA503069105 | -61.6 | -29.6 | 61.8 | -83.9 | -76.5 | 137.5 | 326.1 | -160.9 | -55.6 |
| Line 8 | Treasury securities | FA503061123 | 19.5 | 23.7 | 16.2 | 48.4 | 35.1 | -10.7 | 12.1 | 13.3 | 50.0 |
| Line 9 | Corporate and foreign bonds | FA503063005 | 0.4 | 4.5 | 10.2 | 25.7 | -34.1 | 28.9 | 6.9 | 14.2 | -9.1 |
| Line 10 | Municipal securities | FA503062003 | -2.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 11 | Loans (other loans and advances) | FA503069005 | 7.0 | -4.2 | 18.2 | 23.4 | 24.0 | -20.6 | 21.0 | 81.7 | -9.3 |
| Line 12 | Corporate equities | FA503064105 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 13 | Equity investment in affiliates | FA503094505 | 6.2 | -16.5 | 26.0 | 13.7 | -77.3 | 96.3 | -2.3 | -1.0 | 10.8 |
| Line 14 | Miscellaneous assets | FA503093023 | -0.0 | 0.0 | -0.0 | 0.3 | -0.2 | 0.1 | -0.0 | 0.0 | -0.2 |
| Line 15 | Net increase in liabilities and equity | FA504194005 | 23.5 | 85.6 | 208.5 | 155.2 | 55.7 | 493.4 | 378.7 | -57.3 | 19.1 |
| Line 16 | Net increase in liabilities | FA504190005 | 36.2 | 80.6 | 216.5 | 166.7 | 40.4 | 466.2 | 382.9 | -226.3 | 243.3 |
| Line 17 | Debt securities | FA504122005 | 10.8 | -0.6 | 38.4 | 74.9 | -77.4 | 84.4 | -10.6 | 82.8 | -3.1 |
| Line 18 | Open market paper | FA503169105 | 10.8 | -0.6 | 38.4 | 74.9 | -77.4 | 84.4 | -10.6 | 82.8 | -3.1 |
| Line 19 | Corporate bonds | FA503163003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 20 | Loans | FA504123005 | -30.6 | 21.0 | 66.7 | 88.4 | 38.3 | 83.0 | 133.9 | 4.4 | 45.6 |
| Line 21 | Depository institution loans n.e.c. | FA713068505 | -7.8 | -3.9 | -3.5 | -3.7 | -3.0 | -3.2 | -2.1 | -3.9 | -4.9 |
| Line 22 | Other loans and advances | FA503169005 | -22.8 | 24.9 | 70.3 | 92.1 | 41.3 | 86.2 | 136.0 | 8.3 | 50.6 |
| Line 23 | Foreign direct investment: intercompany debt | FA503192305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 24 | Miscellaneous liabilities | FA503190005 | 56.0 | 60.2 | 111.4 | 3.4 | 79.5 | 298.7 | 259.5 | -313.4 | 200.8 |
| Line 25 | Securities lending (net) | FA663070675 | 3.9 | 45.2 | 101.8 | 256.8 | -341.2 | 288.5 | 68.5 | 141.6 | -91.4 |
| Line 26 | Other | FA503193005 | 52.1 | 15.0 | 9.6 | -253.4 | 420.7 | 10.2 | 191.0 | -455.1 | 292.1 |
| Line 27 | Net equity issuance | FA503181105 | -12.7 | 4.9 | -8.1 | -11.5 | 15.3 | 27.2 | -4.1 | 169.0 | -224.3 |
| Line 28 | Corporate equities | FA503164105 | -4.7 | 8.9 | -5.4 | -11.5 | 21.5 | 27.2 | 1.6 | 166.3 | -216.8 |
| Line 29 | Foreign direct investment: equity | FA503192103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 30 | Equity interest under PPIP | FA503194305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 31 | Equity in Federal Reserve facilities2 | FA503194205 | -8.0 | -3.9 | -2.6 | 0.0 | -6.2 | 0.0 | -5.7 | 2.7 | -7.5 |
Notes:
- Includes funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, funds associated with the Public-Private Investment Program (PPIP), Federal Reserve funding, credit, and liquidity facility special purpose vehicles (SPV) created in response to the 2008 Financial Crisis and COVID-19 pandemic, and U.S. central clearing parties.
- U.S. Treasury Exchange Stabilization Fund Economic Recovery Programs investment in Federal Reserve SPVs.
Last Update: 2026-03-19