Financial Accounts of the United States - Z.1
F.230 Trade credit
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 change in trade payables | FA893170005 | 574.3 | 363.7 | 699.5 | 420.5 | 621.4 | 936.3 | 627.7 | 650.1 | 584.0 |
| Line 2 | Nonprofit organizations1 | FA163170005 | 19.3 | 17.9 | 17.2 | 17.9 | 17.9 | 17.2 | 17.2 | 17.2 | 17.2 |
| Line 3 | Nonfinancial corporate business | FA103170005 | 257.0 | 103.9 | 436.0 | 147.0 | 324.2 | 725.4 | 338.0 | 338.4 | 342.3 |
| Line 4 | Nonfinancial noncorporate business | FA113170005 | 24.5 | 26.5 | 32.3 | 19.4 | 30.6 | 23.0 | 48.4 | 27.9 | 29.9 |
| Line 5 | Federal government | FA313170005 | 84.9 | 31.4 | 60.0 | 35.6 | 68.3 | 39.6 | 59.5 | 69.5 | 71.5 |
| Line 6 | State and local governments | FA213170003 | 69.4 | 72.9 | 76.4 | 73.3 | 73.8 | 75.0 | 75.5 | 77.0 | 78.0 |
| Line 7 | Property-casualty insurance companies | FA513170005 | 22.0 | -15.0 | 7.3 | -15.0 | -15.0 | 12.9 | 7.7 | 7.7 | 1.0 |
| Line 8 | Life insurance companies | FA543170005 | 93.3 | 116.2 | 53.6 | 116.2 | 116.2 | 27.8 | 83.4 | 88.0 | 15.2 |
| Line 9 | Brokers and dealers | FA663170003 | -1.6 | 4.6 | 4.5 | 11.0 | 5.2 | 14.1 | -2.1 | 1.1 | 4.9 |
| Line 10 | Rest of the world | FA263170005 | 5.5 | 5.3 | 12.1 | 15.2 | 0.2 | 1.2 | 0.1 | 23.2 | 24.1 |
| Line 11 | Net change in trade receivables | FA893070005 | 603.0 | 332.9 | 666.6 | 207.4 | 644.6 | 788.5 | 777.0 | 573.1 | 527.6 |
| Line 12 | Nonprofit organizations1 | FA163070005 | 36.9 | 36.5 | 36.1 | 36.5 | 36.5 | 36.1 | 36.1 | 36.1 | 36.1 |
| Line 13 | Nonfinancial corporate business | FA103070005 | 332.2 | 88.2 | 461.9 | -24.2 | 414.7 | 569.0 | 526.8 | 351.8 | 399.9 |
| Line 14 | Nonfinancial noncorporate business | FA113070003 | 28.5 | 29.7 | 33.8 | 32.1 | 37.0 | 30.5 | 19.5 | 36.8 | 48.4 |
| Line 15 | Federal government | FA313070000 | 12.8 | 9.1 | 1.6 | 21.0 | 0.3 | 4.8 | 19.9 | -18.0 | -0.3 |
| Line 16 | State and local governments | FA213070003 | 19.7 | 9.1 | 32.8 | 22.8 | 21.5 | 40.5 | 31.0 | 36.9 | 22.7 |
| Line 17 | Property-casualty insurance companies | FA513070005 | 44.6 | -6.3 | 14.8 | -14.0 | -40.0 | 55.9 | 16.4 | 5.1 | -18.2 |
| Line 18 | Life insurance companies | FA543070005 | 8.2 | 6.7 | 11.7 | 6.7 | 6.7 | 2.4 | 21.7 | 20.0 | 2.7 |
| Line 19 | ABS issuers | FA673070003 | 3.8 | 4.1 | 8.2 | 0.9 | 8.8 | 5.3 | 12.6 | 0.8 | 14.2 |
| Line 20 | Rest of the world | FA263070005 | 116.3 | 155.7 | 65.6 | 125.5 | 159.0 | 43.9 | 93.1 | 103.5 | 22.0 |
| Line 21 | Discrepancy | FA903070005 | -28.6 | 30.7 | 33.0 | 213.1 | -23.3 | 147.7 | -149.3 | 77.0 | 56.4 |
Note:
- Included in the households and nonprofit organizations sector (table F.101).
Last Update: 2026-03-19