Financial Accounts of the United States - Z.1
L.122 Mutual funds1
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 | LM654090000 | 19599.7 | 21684.7 | 23635.4 | 22028.1 | 21684.7 | 21179.0 | 22685.8 | 23473.4 | 23635.4 |
| Line 2 | Money market funds | FL653034003 | 223.8 | 205.2 | 235.3 | 220.9 | 205.2 | 226.8 | 235.7 | 233.7 | 235.3 |
| Line 3 | Security repurchase agreements (net) | FL652051003 | 21.1 | 13.5 | 24.2 | 16.1 | 13.5 | 14.9 | 21.0 | 24.0 | 24.2 |
| Line 4 | Debt securities | LM654022005 | 5065.5 | 5408.6 | 5880.1 | 5493.5 | 5408.6 | 5556.0 | 5580.8 | 5757.5 | 5880.1 |
| Line 5 | Open market paper | FL653069100 | 38.5 | 35.4 | 36.9 | 40.5 | 35.4 | 36.5 | 40.7 | 36.6 | 36.9 |
| Line 6 | Treasury securities | LM653061105 | 1373.3 | 1503.7 | 1675.1 | 1496.0 | 1503.7 | 1538.2 | 1535.8 | 1636.9 | 1675.1 |
| Line 7 | Agency- and GSE-backed securities | LM653061703 | 701.8 | 742.3 | 797.6 | 754.3 | 742.3 | 765.5 | 760.9 | 778.1 | 797.6 |
| Line 8 | Municipal securities | LM653062003 | 756.1 | 799.8 | 836.5 | 809.0 | 799.8 | 803.7 | 805.4 | 828.4 | 836.5 |
| Line 9 | Corporate and foreign bonds | LM653063005 | 2195.7 | 2327.3 | 2534.0 | 2393.7 | 2327.3 | 2412.0 | 2437.9 | 2477.5 | 2534.0 |
| Line 10 | Loans (other loans and advances) | FL653069803 | 109.6 | 121.4 | 116.4 | 115.9 | 121.4 | 125.4 | 119.1 | 120.0 | 116.4 |
| Line 11 | Corporate equities | LM653064100 | 13882.1 | 15646.1 | 17097.7 | 15905.7 | 15646.1 | 14991.8 | 16443.0 | 17030.0 | 17097.7 |
| Line 12 | Miscellaneous assets | FL653093005 | 297.5 | 289.9 | 281.6 | 276.0 | 289.9 | 264.2 | 286.2 | 308.2 | 281.6 |
| Line 13 | Total shares outstanding (liabilities) | LM654090000 | 19599.7 | 21684.7 | 23635.4 | 22028.1 | 21684.7 | 21179.0 | 22685.8 | 23473.4 | 23635.4 |
| Memo: | |||||||||||
| Line 14 | Variable annuity mutual funds included above | LM654090500 | 1768.0 | 1858.2 | 1941.4 | 1904.7 | 1858.2 | 1766.2 | 1883.6 | 1948.9 | 1941.4 |
| Total financial assets by investment objective: | |||||||||||
| Line 15 | Domestic equity funds | LM654091600 | 10336.3 | 11930.2 | 12659.4 | 11943.5 | 11930.2 | 11259.4 | 12333.6 | 12692.4 | 12659.4 |
| Line 16 | World equity funds | LM654092603 | 2971.5 | 3083.4 | 3715.0 | 3326.9 | 3083.4 | 3148.2 | 3466.9 | 3639.8 | 3715.0 |
| Line 17 | Hybrid funds | LM654091403 | 1557.0 | 1614.1 | 1746.5 | 1661.7 | 1614.1 | 1597.7 | 1667.1 | 1728.3 | 1746.5 |
| Line 18 | Taxable bond funds | LM654091303 | 3989.5 | 4272.9 | 4678.7 | 4311.0 | 4272.9 | 4383.1 | 4426.7 | 4588.0 | 4678.7 |
| Line 19 | Municipal bond funds | LM654091203 | 753.6 | 797.5 | 835.8 | 800.8 | 797.5 | 801.1 | 795.7 | 825.0 | 835.8 |
Note:
- Open-end investment companies including variable annuity mutual funds.
Last Update: 2026-03-19