Financial Accounts of the United States - Z.1
F.8 Instrument discrepancies
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 | All types | FA907005005 | -390.8 | -842.9 | -704.8 | -1781.9 | -239.9 | -1799.2 | -434.4 | -991.3 | 361.2 |
| Line 2 | Foreign deposits | FA903091005 | -55.8 | 125.6 | 202.5 | 316.6 | -14.2 | 130.2 | 175.6 | 336.0 | 168.3 |
| Line 3 | Interbank transactions | FA904010005 | 20.6 | 10.7 | 0.9 | 35.8 | 95.2 | 199.4 | -292.0 | 20.9 | 75.2 |
| Line 4 | Security repurchase agreements | FA902050005 | -527.7 | -532.1 | -546.4 | -1416.9 | -701.7 | -647.8 | 444.8 | -967.8 | -1014.7 |
| Line 5 | Mail floats | FA903020005 | 5.0 | 2.0 | 0.8 | 5.5 | 2.7 | 2.9 | -1.6 | -0.9 | 3.0 |
| Line 6 | Federal government | FA903023005 | 4.8 | 2.6 | 0.7 | 7.8 | 3.7 | -2.2 | -0.5 | 3.4 | 2.2 |
| Line 7 | State and local governments | FA903028003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 8 | Private domestic | FA903029200 | 0.3 | -0.5 | 0.1 | -2.4 | -0.9 | 5.1 | -1.1 | -4.3 | 0.7 |
| Line 9 | Trade credit | FA903070005 | -28.6 | 30.7 | 33.0 | 213.1 | -23.3 | 147.7 | -149.3 | 77.0 | 56.4 |
| Line 10 | Taxes payable | FA903078005 | 21.6 | -9.1 | -85.5 | 172.6 | -269.3 | 276.0 | -92.0 | -218.5 | -307.4 |
| Line 11 | Miscellaneous | FA903090005 | 506.5 | -168.0 | -68.3 | -707.7 | 942.4 | -1754.6 | -272.3 | 77.3 | 1631.7 |
| Line 12 | Nonfinancial | FA906000105 | -332.3 | -302.8 | -241.9 | -400.8 | -271.7 | -153.1 | -247.6 | -315.3 | -251.4 |
| Nonfinancial components (sign reversed): | |||||||||||
| Line 13 | Statistical discrepancy (NIPA) | FA087005005 | 325.9 | 296.3 | 235.4 | 394.4 | 265.2 | 146.5 | 240.9 | 308.6 | 245.9 |
| Line 14 | Contr. for govt. soc. insur., U.S. affiliated areas | FA156600075 | 6.4 | 6.5 | 6.7 | 6.5 | 6.5 | 6.7 | 6.7 | 6.7 | 6.8 |
Last Update: 2026-03-19