Financial Accounts of the United States - Z.1
F.225.a Direct investment equity
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. direct investment abroad: Equity | |||||||||||
| Line 1 | Rest of the world liabilities1 | FA263192101 | 244.8 | 331.0 | 257.7 | 295.8 | 438.0 | 365.7 | 175.6 | 269.2 | 175.7 |
| Line 2 | Nonfinancial corporate business (assets) | FA103092105 | 164.9 | 259.7 | 262.8 | 316.7 | 246.5 | 486.2 | 67.4 | 340.2 | 112.8 |
| Line 3 | U.S.-chartered depository institutions (assets) | FA763092100 | -2.5 | 8.0 | 12.0 | -20.9 | 16.8 | 11.3 | 25.1 | -11.5 | 22.9 |
| Line 4 | Property-casualty insurance companies (assets) | FA513092103 | 39.5 | 17.7 | -45.2 | -20.5 | 160.1 | -153.5 | -13.4 | 9.0 | -22.7 |
| Line 5 | Life insurance companies (assets) | FA543092173 | 6.9 | 12.2 | 2.0 | 1.4 | 19.9 | 4.9 | -1.2 | 0.9 | 3.2 |
| Line 6 | Finance companies (assets) | FA613092103 | 12.3 | 3.2 | -1.5 | -20.1 | -13.8 | 2.5 | 22.6 | -68.4 | 37.3 |
| Line 7 | Brokers and dealers (assets) | FA663092103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 8 | Holding companies (assets) | FA733092103 | 23.5 | 30.2 | 27.6 | 39.3 | 8.5 | 14.2 | 75.0 | -1.0 | 22.2 |
| Foreign direct investment in U.S.: Equity | |||||||||||
| Line 9 | Rest of the world assets1 | FA263092101 | 326.3 | 290.6 | 309.4 | 302.0 | 354.1 | 187.9 | 343.0 | 363.5 | 334.0 |
| Line 10 | Nonfinancial corporate business (liabilities) | FA103192105 | 281.1 | 234.3 | 295.9 | 207.3 | 318.1 | 192.6 | 323.0 | 356.4 | 302.1 |
| Line 11 | Nonfinancial noncorporate business (liabilities) | FA115114103 | 14.7 | -2.1 | -0.2 | 1.1 | -0.1 | 0.4 | -0.7 | 1.1 | -1.5 |
| Line 12 | Foreign banking offices in U.S. (liabilities) | FA753192103 | 12.9 | 14.5 | 11.0 | 21.7 | 9.7 | -15.5 | 15.8 | 21.2 | 22.6 |
| Line 13 | Property-casualty insurance companies (liabilities) | FA513192103 | 12.0 | 14.6 | 6.7 | 18.0 | 13.8 | 1.6 | 15.9 | -2.2 | 11.5 |
| Line 14 | Life insurance companies (liabilities) | FA543192173 | -0.0 | 2.4 | -3.9 | -5.9 | 19.1 | -6.4 | -2.8 | -2.7 | -3.8 |
| Line 15 | Finance companies (liabilities) | FA613192103 | 4.3 | -1.0 | 5.9 | 6.7 | -15.6 | 5.3 | 7.2 | 3.7 | 7.4 |
| Line 16 | Brokers and dealers (liabilities) | FA663192103 | 44.1 | 44.0 | 29.0 | 72.4 | 36.4 | -33.8 | 44.2 | 59.4 | 46.1 |
| Line 17 | Holding companies (liabilities) | FA733192103 | -42.8 | -16.1 | -34.9 | -19.3 | -27.3 | 43.7 | -59.6 | -73.3 | -50.4 |
| Line 18 | Other financial business (liabilities) | FA503192103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Memo: | |||||||||||
| Line 19 | Total U.S. direct investment abroad1, 2 | FA263192005 | 286.6 | 317.4 | 126.0 | 170.5 | 671.4 | 221.7 | -65.8 | 265.2 | 38.4 |
| Line 20 | Total Foreign direct investment in U.S.1, 2 | FA263092001 | 297.4 | 292.3 | 308.3 | 272.7 | 319.5 | 172.1 | 346.0 | 356.1 | 349.7 |
Notes:
- Direct investment is presented on a directional basis and reported at market value.
- Memo totals are the sum of direct investment equity (tables F.225.a and L.225.a) and intercompany debt (tables F.223 and L.223).
Last Update: 2026-03-19