Financial Accounts of the United States - Z.1
L.131 Holding companies1
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 | FL734090005 | 4977.1 | 5160.3 | 5488.2 | 5211.2 | 5160.3 | 5285.1 | 5405.7 | 5455.4 | 5488.2 |
| Line 2 | Time and savings deposits | FL733030005 | 485.0 | 515.7 | 534.2 | 513.2 | 515.7 | 499.4 | 539.9 | 508.5 | 534.2 |
| Line 3 | Other deposits (foreign deposits) | FL733091003 | 13.8 | 4.3 | 5.2 | 4.7 | 4.3 | 4.6 | 5.0 | 4.8 | 5.2 |
| Line 4 | Security repurchase agreements | FL732051003 | 3.9 | 2.4 | 5.6 | 1.9 | 2.4 | 4.4 | 0.0 | 3.5 | 5.6 |
| Line 5 | Debt securities | LM734022605 | 182.4 | 177.1 | 167.7 | 178.8 | 177.1 | 182.5 | 175.4 | 172.9 | 167.7 |
| Line 6 | Treasury securities | LM733061103 | 132.4 | 130.1 | 120.9 | 133.4 | 130.1 | 137.4 | 131.0 | 126.6 | 120.9 |
| Line 7 | Agency- and GSE-backed securities | LM733061703 | 18.0 | 18.3 | 18.2 | 18.9 | 18.3 | 18.3 | 18.2 | 18.5 | 18.2 |
| Line 8 | Corporate and foreign bonds | LM733063003 | 32.0 | 28.6 | 28.6 | 26.6 | 28.6 | 26.9 | 26.2 | 27.8 | 28.6 |
| Line 9 | Loans (other loans and advances) | FL733069005 | 29.0 | 36.3 | 37.4 | 29.2 | 36.3 | 35.6 | 36.9 | 37.4 | 37.4 |
| Line 10 | U.S. direct investment abroad: intercompany debt | LM733092305 | -3.2 | -3.7 | 8.1 | -6.6 | -3.7 | -2.2 | -5.2 | -5.5 | 8.1 |
| Line 11 | U.S. direct investment abroad: equity | LM733092103 | 429.7 | 482.7 | 616.5 | 514.3 | 482.7 | 500.9 | 574.4 | 597.9 | 616.5 |
| Line 12 | Equity investment in affiliates | FL733094635 | 2483.7 | 2564.1 | 2623.0 | 2548.9 | 2564.1 | 2611.7 | 2609.2 | 2632.2 | 2623.0 |
| Line 13 | Life insurance reserves | FL733040005 | 81.0 | 85.0 | 89.0 | 84.0 | 85.0 | 86.0 | 87.0 | 88.0 | 89.0 |
| Line 14 | Miscellaneous assets | FL733090005 | 1271.8 | 1296.6 | 1401.4 | 1342.8 | 1296.6 | 1362.1 | 1383.1 | 1415.5 | 1401.4 |
| Line 15 | Other investment in affiliates | FL733094735 | 1240.4 | 1261.7 | 1355.1 | 1305.0 | 1261.7 | 1323.3 | 1335.0 | 1364.9 | 1355.1 |
| Line 16 | Other | FL733093005 | 31.3 | 34.8 | 46.3 | 37.9 | 34.8 | 38.8 | 48.1 | 50.6 | 46.3 |
| Line 17 | Total liabilities and equity | FL734194005 | 5049.8 | 5905.1 | 6898.5 | 5589.6 | 5905.1 | 5851.0 | 6373.3 | 6658.8 | 6898.5 |
| Line 18 | Total liabilities | FL734190005 | 2339.5 | 2404.1 | 2555.6 | 2440.5 | 2404.1 | 2477.7 | 2529.9 | 2538.2 | 2555.6 |
| Line 19 | Security repurchase agreements | FL732151003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 20 | Debt securities | FL734122005 | 1556.3 | 1542.1 | 1627.8 | 1590.3 | 1542.1 | 1607.0 | 1636.2 | 1619.3 | 1627.8 |
| Line 21 | Commercial paper | FL733169103 | 12.6 | 7.0 | 6.5 | 6.2 | 7.0 | 8.7 | 9.8 | 6.2 | 6.5 |
| Line 22 | Corporate bonds | FL733163005 | 1543.6 | 1535.1 | 1621.3 | 1584.1 | 1535.1 | 1598.3 | 1626.4 | 1613.1 | 1621.3 |
| Line 23 | Foreign direct investment: intercompany debt2 | LM733192305 | 70.7 | 51.9 | 63.2 | 50.4 | 51.9 | 52.6 | 54.6 | 57.9 | 63.2 |
| Line 24 | Taxes payable | FL733178013 | 1.9 | 1.0 | 0.0 | 1.0 | 1.0 | 1.0 | 0.0 | 0.0 | 0.0 |
| Line 25 | Miscellaneous liabilities | FL733190005 | 710.7 | 809.1 | 864.6 | 798.8 | 809.1 | 817.1 | 839.1 | 861.0 | 864.6 |
| Line 26 | Balances due to affiliates | FL733194735 | 654.5 | 728.2 | 789.2 | 719.3 | 728.2 | 743.9 | 761.7 | 781.0 | 789.2 |
| Line 27 | Other | FL733193005 | 56.2 | 80.9 | 75.4 | 79.5 | 80.9 | 73.2 | 77.4 | 80.0 | 75.4 |
| Line 28 | Total equity | LM733181105 | 2710.3 | 3501.0 | 4342.9 | 3149.1 | 3501.0 | 3373.3 | 3843.4 | 4120.6 | 4342.9 |
| Line 29 | Corporate equities (market value) | LM733164105 | 2626.6 | 3410.1 | 4266.0 | 3053.7 | 3410.1 | 3279.9 | 3750.1 | 4034.1 | 4266.0 |
| Line 30 | Foreign direct investment: equity2 | LM733192103 | 83.7 | 90.9 | 76.9 | 95.5 | 90.9 | 93.4 | 93.3 | 86.5 | 76.9 |
Notes:
- Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
- Investment in U.S. Intermediate Holding Companies.
Last Update: 2026-03-19