Financial Accounts of the United States - Z.1
F.224 Corporate equities1
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 issues | FA893064105 | -120.6 | 745.0 | 1054.7 | 903.3 | 1447.9 | 795.6 | 550.9 | 1283.0 | 1589.1 |
| Line 2 | Nonfinancial corporate business | FA103164105 | -611.0 | -406.5 | -333.0 | -351.2 | -126.2 | -376.4 | -403.6 | -391.1 | -160.7 |
| Line 3 | Domestic financial sectors | FA793164105 | 487.2 | 1002.0 | 1269.8 | 1108.0 | 1412.2 | 1080.5 | 897.9 | 1426.2 | 1674.8 |
| Line 4 | U.S.-chartered depository institutions | FA763164105 | -8.5 | -12.5 | -0.6 | 3.3 | 10.0 | -13.3 | 2.2 | 2.7 | 6.0 |
| Line 5 | Property-casualty insurance companies | FA513164105 | -11.7 | -8.2 | -15.0 | -12.6 | 15.3 | -21.0 | -3.2 | -17.0 | -18.8 |
| Line 6 | Life insurance companies | FA543164175 | -24.0 | -34.1 | -28.6 | -23.5 | -48.1 | -35.9 | -26.8 | -20.4 | -31.3 |
| Line 7 | Closed-end funds | FA554090005 | -0.9 | -1.5 | 0.2 | -1.9 | -3.3 | -0.5 | 1.8 | -3.2 | 2.5 |
| Line 8 | Exchange-traded funds | FA564090005 | 597.5 | 1144.8 | 1468.2 | 1177.7 | 1523.2 | 1284.6 | 1074.2 | 1437.0 | 2077.0 |
| Line 9 | Government-sponsored enterprises | FA403164105 | 0.0 | -0.1 | 0.1 | -0.3 | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 |
| Line 10 | Mortgage REITs | FA643164105 | -0.3 | 1.5 | 8.9 | 11.4 | -2.9 | 6.0 | -0.6 | 19.0 | 10.9 |
| Line 11 | Brokers and dealers | FA663164105 | 12.4 | -4.2 | 1.0 | 53.2 | -15.1 | 0.9 | -10.9 | -4.6 | 18.6 |
| Line 12 | Holding companies | FA733164105 | -72.7 | -92.6 | -158.8 | -87.8 | -88.4 | -167.6 | -140.5 | -154.0 | -173.4 |
| Line 13 | Other financial business | FA503164105 | -4.7 | 8.9 | -5.4 | -11.5 | 21.5 | 27.2 | 1.6 | 166.3 | -216.8 |
| Line 14 | Rest of the world2 | FA263164100 | 3.1 | 149.5 | 117.8 | 146.5 | 161.9 | 91.5 | 56.6 | 247.9 | 75.1 |
| Line 15 | Net purchases | FA893064105 | -120.6 | 745.0 | 1054.7 | 903.3 | 1447.9 | 795.6 | 550.9 | 1283.0 | 1589.1 |
| Line 16 | Household sector | FA153064105 | 234.3 | 993.0 | 753.3 | 704.2 | 955.1 | 959.8 | -375.1 | 1604.2 | 824.2 |
| Line 17 | Nonfinancial corporate business | FA103064103 | -87.2 | -324.2 | -108.2 | -334.3 | -341.2 | -108.2 | -108.2 | -108.2 | -108.2 |
| Line 18 | Federal government | FA313064105 | 0.0 | 0.0 | 9.9 | 0.0 | 0.0 | 0.0 | 0.0 | 37.2 | 2.5 |
| Line 19 | State and local governments | FA213064103 | -19.4 | -22.0 | -14.9 | -6.6 | -27.3 | 48.5 | -68.0 | -20.5 | -19.7 |
| Line 20 | Monetary authority | FA713064103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 21 | U.S.-chartered depository institutions | FA763064103 | 2.5 | 11.7 | 3.6 | 3.1 | -1.6 | 0.5 | -2.2 | 5.5 | 10.8 |
| Line 22 | Foreign banking offices in U.S. | FA753064103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 23 | Property-casualty insurance companies | FA513064105 | -40.7 | -153.0 | -27.7 | -151.2 | -20.1 | 55.3 | -56.9 | -121.3 | 12.1 |
| Line 24 | Life insurance companies | FA543064105 | -87.8 | -25.2 | -107.2 | -26.8 | -81.9 | 83.4 | -109.7 | -170.1 | -232.5 |
| Line 25 | Private pension funds | FA573064105 | -232.2 | -55.7 | 252.7 | -21.6 | -41.4 | -29.7 | 63.6 | 980.0 | -3.0 |
| Line 26 | Federal government pension funds | FA343064105 | 12.0 | 8.3 | -32.4 | -17.9 | 28.9 | -109.1 | -13.1 | 10.3 | -17.7 |
| Line 27 | State and local govt. pension funds | FA223064145 | -92.1 | -202.3 | -178.7 | -185.0 | -178.2 | -66.6 | -224.3 | -265.6 | -158.3 |
| Line 28 | Mutual funds | FA653064100 | -319.3 | -514.6 | -1075.4 | -556.1 | -433.0 | -885.0 | -598.8 | -2078.0 | -739.7 |
| Line 29 | Closed-end funds | FA553064103 | 0.1 | -0.2 | -0.5 | -0.7 | 0.3 | -0.0 | -0.4 | -2.7 | 1.0 |
| Line 30 | Exchange-traded funds | FA563064100 | 400.2 | 840.4 | 957.6 | 746.8 | 1207.1 | 818.4 | 698.1 | 868.2 | 1445.7 |
| Line 31 | Brokers and dealers | FA663064105 | 53.2 | 1.2 | -28.7 | 69.6 | -67.4 | 51.5 | 69.7 | -108.2 | -127.9 |
| Line 32 | Other financial business | FA503064105 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 33 | Rest of the world3 | FA263064105 | 55.9 | 187.6 | 651.3 | 679.7 | 448.5 | -23.1 | 1276.3 | 652.2 | 699.9 |
Notes:
- Includes shares of exchange-traded funds, closed-end funds, and real estate investment trusts. Excludes mutual fund shares shown on table F.226.
- Net purchases of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).
- Net purchases of U.S. issues by foreign residents.
Last Update: 2026-03-19