Financial Accounts of the United States - Z.1
L.102 Nonfinancial business1
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets | FL144090005 | 40403.2 | 41917.2 | 45749.4 | 41921.8 | 41917.2 | 42299.3 | 43792.4 | 44779.0 | 45749.4 |
| Line 2 | Checkable deposits and currency | FL143020005 | 2413.2 | 2722.9 | 2790.6 | 2657.2 | 2722.9 | 2668.2 | 2717.7 | 2818.4 | 2790.6 |
| Line 3 | Time and savings deposits | FL143030005 | 1896.6 | 1917.6 | 1942.4 | 1895.7 | 1917.6 | 1890.2 | 1881.0 | 1913.0 | 1942.4 |
| Line 4 | Other deposits (foreign deposits) | FL103091003 | 245.8 | 213.0 | 192.3 | 228.3 | 213.0 | 221.6 | 219.5 | 204.6 | 192.3 |
| Line 5 | Money market fund shares | FL143034005 | 1012.3 | 1104.3 | 1233.7 | 1054.3 | 1104.3 | 1122.7 | 1130.1 | 1173.0 | 1233.7 |
| Line 6 | Security repurchase agreements | FL102051003 | 27.0 | 45.9 | 72.1 | 34.1 | 45.9 | 56.1 | 54.0 | 69.0 | 72.1 |
| Line 7 | Debt securities | LM144022005 | 487.9 | 498.5 | 530.6 | 510.5 | 498.5 | 509.3 | 505.3 | 521.9 | 530.6 |
| Line 8 | Commercial paper | FL103069100 | 209.8 | 206.6 | 215.7 | 221.6 | 206.6 | 214.9 | 207.0 | 215.3 | 215.7 |
| Line 9 | Treasury securities | LM143061105 | 196.0 | 208.8 | 224.7 | 205.9 | 208.8 | 211.2 | 214.1 | 220.1 | 224.7 |
| Line 10 | Agency- and GSE-backed securities | LM103061703 | 37.1 | 40.7 | 44.7 | 40.0 | 40.7 | 40.1 | 40.9 | 42.7 | 44.7 |
| Line 11 | Municipal securities | LM143062005 | 28.2 | 29.1 | 31.7 | 29.5 | 29.1 | 29.3 | 29.9 | 30.8 | 31.7 |
| Line 12 | Corporate bonds (held by equity REITs) | LM123063003 | 16.8 | 13.4 | 13.9 | 13.4 | 13.4 | 13.7 | 13.3 | 13.0 | 13.9 |
| Line 13 | Loans | FL144023005 | 196.4 | 201.6 | 200.9 | 200.7 | 201.6 | 202.1 | 202.2 | 202.9 | 200.9 |
| Line 14 | Mortgages | FL143065005 | 196.4 | 201.6 | 200.9 | 200.7 | 201.6 | 202.1 | 202.2 | 202.9 | 200.9 |
| Line 15 | Consumer credit | FL143066005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 16 | U.S. direct investment abroad: intercompany debt | LM103092305 | -56.4 | -62.5 | -125.7 | -111.4 | -62.5 | -36.8 | -83.7 | -90.5 | -125.7 |
| Line 17 | Corporate equities | LM103064103 | 2913.8 | 3260.5 | 3658.5 | 3278.0 | 3260.5 | 3083.9 | 3377.0 | 3604.7 | 3658.5 |
| Line 18 | U.S. direct investment abroad: equity | LM103092105 | 7627.6 | 8105.3 | 10394.5 | 8656.8 | 8105.3 | 8478.8 | 9323.7 | 9904.9 | 10394.5 |
| Line 19 | Equity in GSEs | FL143092405 | 20.2 | 21.2 | 21.9 | 20.6 | 21.2 | 21.0 | 21.2 | 21.4 | 21.9 |
| Line 20 | Mutual fund shares | LM103064203 | 325.2 | 404.5 | 500.2 | 400.4 | 404.5 | 407.8 | 450.1 | 483.7 | 500.2 |
| Line 21 | Trade receivables | FL143070005 | 6436.4 | 6554.4 | 7050.1 | 6442.0 | 6554.4 | 6724.1 | 6836.2 | 6933.4 | 7050.1 |
| Line 22 | Miscellaneous assets | FL143090005 | 16857.1 | 16930.1 | 17287.3 | 16654.6 | 16930.1 | 16950.4 | 17158.1 | 17018.5 | 17287.3 |
| Line 23 | Total liabilities and equity | FL144194005 | 120515.8 | 135014.4 | 149220.7 | 132868.5 | 135014.4 | 130721.9 | 138811.3 | 146571.3 | 149220.7 |
| Line 24 | Total liabilities | FL144190005 | 41777.4 | 42479.8 | 43759.5 | 42058.4 | 42479.8 | 42852.8 | 43167.7 | 43410.8 | 43759.5 |
| Line 25 | Debt securities | FL104122005 | 8253.2 | 8518.5 | 8790.8 | 8538.6 | 8518.5 | 8687.2 | 8685.2 | 8753.4 | 8790.8 |
| Line 26 | Commercial paper | FL103169100 | 218.0 | 196.3 | 215.0 | 192.0 | 196.3 | 235.9 | 253.9 | 229.9 | 215.0 |
| Line 27 | Municipal securities | FL103162000 | 623.4 | 636.4 | 651.7 | 637.5 | 636.4 | 642.8 | 652.8 | 648.5 | 651.7 |
| Line 28 | Corporate bonds | FL103163005 | 7411.9 | 7685.8 | 7924.1 | 7709.1 | 7685.8 | 7808.6 | 7778.5 | 7875.0 | 7924.1 |
| Line 29 | Loans | FL144123005 | 12691.6 | 12945.5 | 13418.5 | 12957.6 | 12945.5 | 12968.9 | 13106.7 | 13231.4 | 13418.5 |
| Line 30 | Depository institution loans n.e.c. | FL143168005 | 2946.9 | 2870.0 | 2869.4 | 2961.7 | 2870.0 | 2803.0 | 2833.8 | 2830.0 | 2869.4 |
| Line 31 | Other loans and advances | FL143169005 | 3000.6 | 3137.3 | 3345.9 | 3106.1 | 3137.3 | 3186.5 | 3234.5 | 3281.4 | 3345.9 |
| Line 32 | Mortgages | FL143165005 | 6744.1 | 6938.2 | 7203.2 | 6889.7 | 6938.2 | 6979.4 | 7038.4 | 7120.1 | 7203.2 |
| Line 33 | Foreign direct investment: intercompany debt | LM143192305 | 318.7 | 357.2 | 316.6 | 364.4 | 357.2 | 367.4 | 349.7 | 330.0 | 316.6 |
| Line 34 | Trade payables | FL143170005 | 4708.3 | 4838.7 | 5307.0 | 4761.8 | 4838.7 | 4983.3 | 5094.0 | 5225.9 | 5307.0 |
| Line 35 | Taxes payable | FL143178005 | 484.8 | 479.4 | 445.7 | 472.7 | 479.4 | 580.1 | 467.7 | 434.9 | 445.7 |
| Line 36 | Miscellaneous liabilities | FL143190005 | 15320.8 | 15340.5 | 15480.9 | 14963.3 | 15340.5 | 15265.8 | 15464.4 | 15435.3 | 15480.9 |
| Line 37 | Total equity (market value) | FL143181105 | 78738.4 | 92534.6 | 105461.2 | 90810.1 | 92534.6 | 87869.1 | 95643.6 | 103160.5 | 105461.2 |
| Line 38 | Corporate equities | LM103164105 | 51749.4 | 62735.9 | 73132.7 | 61385.1 | 62735.9 | 58814.4 | 65209.7 | 71340.1 | 73132.7 |
| Line 39 | Foreign direct investment: equity | LM143192105 | 11519.5 | 14102.2 | 16498.3 | 13822.5 | 14102.2 | 13434.5 | 14834.9 | 15962.5 | 16498.3 |
| Line 40 | Equity in noncorporate business | LM112090205 | 15469.6 | 15696.5 | 15830.1 | 15602.5 | 15696.5 | 15620.2 | 15599.0 | 15857.8 | 15830.1 |
Note:
- Sum of nonfinancial corporate business and nonfinancial noncorporate business.
Last Update: 2026-03-19