Financial Accounts of the United States - Z.1
F.220 Commercial mortgages
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 borrowing | FA893065505 | 128.9 | 63.1 | 120.7 | 122.5 | -12.9 | 78.0 | 145.2 | 170.5 | 89.2 |
| Line 2 | Nonprofit organizations1 | FA163165505 | 36.8 | 18.5 | 40.5 | 35.0 | 6.7 | 22.1 | 39.0 | 54.7 | 45.9 |
| Line 3 | Nonfinancial corporate business | FA103165505 | 40.0 | 24.9 | 45.6 | 60.2 | -25.2 | 40.3 | 67.1 | 65.3 | 9.9 |
| Line 4 | Nonfinancial noncorporate business | FA113165505 | 52.1 | 19.7 | 34.6 | 27.3 | 5.6 | 15.6 | 39.1 | 50.5 | 33.3 |
| Line 5 | Net change in assets | FA893065505 | 128.9 | 63.1 | 120.7 | 122.5 | -12.9 | 78.0 | 145.2 | 170.5 | 89.2 |
| Line 6 | Household sector | FA153065505 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 |
| Line 7 | Nonfinancial corporate business | FA103065505 | 15.0 | 3.5 | -2.4 | 0.6 | 1.4 | 0.3 | 0.1 | 0.5 | -10.6 |
| Line 8 | Nonfinancial noncorporate business | FA113065503 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.2 | 0.5 | 0.6 |
| Line 9 | Federal government | FA313065505 | 4.4 | 4.1 | 4.3 | 2.0 | 5.2 | 5.7 | 0.0 | 9.4 | 2.1 |
| Line 10 | State and local governments | FA213065503 | -2.5 | 0.4 | 1.2 | 0.4 | 0.4 | 1.1 | 1.1 | 1.2 | 1.2 |
| Line 11 | U.S.-chartered depository institutions | FA763065505 | 86.0 | 18.8 | 38.2 | 13.3 | -7.9 | 2.0 | 40.2 | 30.3 | 80.1 |
| Line 12 | Foreign banking offices in U.S. | FA753065503 | 4.0 | 2.5 | 2.5 | -1.1 | 0.4 | -9.3 | 11.3 | -2.6 | 10.7 |
| Line 13 | Banks in U.S.-affiliated areas | FA743065505 | 0.6 | 0.5 | 0.1 | 0.8 | 0.8 | -0.8 | 0.4 | 0.5 | 0.4 |
| Line 14 | Credit unions | FA473065503 | 11.6 | 10.5 | 11.9 | 10.9 | 13.4 | 11.6 | 13.2 | 14.2 | 8.5 |
| Line 15 | Property-casualty insurance companies | FA513065505 | 2.5 | -0.5 | 0.7 | 0.1 | -2.4 | -1.5 | 3.9 | 0.8 | -0.5 |
| Line 16 | Life insurance companies | FA543065505 | 14.6 | 19.0 | 6.0 | 35.8 | 8.1 | -10.0 | 25.9 | -5.0 | 13.1 |
| Line 17 | Private pension funds | FA573065505 | 5.6 | 2.6 | 2.5 | 2.6 | 2.7 | 2.6 | 2.9 | 1.5 | 2.9 |
| Line 18 | State and local govt. pension funds | FA223065545 | -0.6 | 0.1 | 0.0 | 0.1 | 1.0 | -0.1 | 0.2 | 0.1 | -0.1 |
| Line 19 | Agency- and GSE-backed mortgage pools | FA413065505 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 20 | ABS issuers | FA673065505 | 6.9 | 20.7 | 55.7 | 68.9 | -10.3 | 75.9 | 44.1 | 118.1 | -15.1 |
| Line 21 | Finance companies | FA613065503 | -2.3 | -0.8 | 2.2 | 0.9 | 0.6 | -0.4 | -0.5 | 8.0 | 1.7 |
| Line 22 | Mortgage REITs | FA643065573 | -17.3 | -18.8 | -2.7 | -13.3 | -26.7 | 0.5 | 1.9 | -7.0 | -6.1 |
Note:
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: 2026-03-19