Financial Accounts of the United States - Z.1
L.225.a Direct investment equity
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. direct investment abroad: Equity | |||||||||||
| Line 1 | Rest of the world liabilities1 | LM263192101 | 9174.8 | 9782.6 | 12494.7 | 10397.4 | 9782.6 | 10177.9 | 11233.6 | 11895.4 | 12494.7 |
| Line 2 | Nonfinancial corporate business (assets) | LM103092105 | 7627.6 | 8105.3 | 10394.5 | 8656.8 | 8105.3 | 8478.8 | 9323.7 | 9904.9 | 10394.5 |
| Line 3 | U.S.-chartered depository institutions (assets) | LM763092100 | 363.8 | 377.5 | 502.5 | 405.2 | 377.5 | 394.4 | 442.1 | 471.7 | 502.5 |
| Line 4 | Property-casualty insurance companies (assets) | LM513092103 | 299.4 | 337.3 | 350.7 | 306.5 | 337.3 | 298.3 | 322.3 | 339.6 | 350.7 |
| Line 5 | Life insurance companies (assets) | LM543092173 | 38.2 | 38.9 | 57.2 | 39.3 | 38.9 | 43.0 | 48.2 | 52.2 | 57.2 |
| Line 6 | Finance companies (assets) | LM613092103 | 416.1 | 440.9 | 573.3 | 475.4 | 440.9 | 462.5 | 523.0 | 529.0 | 573.3 |
| Line 7 | Brokers and dealers (assets) | LM663092103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 8 | Holding companies (assets) | LM733092103 | 429.7 | 482.7 | 616.5 | 514.3 | 482.7 | 500.9 | 574.4 | 597.9 | 616.5 |
| Foreign direct investment in U.S.: Equity | |||||||||||
| Line 9 | Rest of the world assets1 | LM263092101 | 13012.8 | 15929.1 | 18598.1 | 15623.8 | 15929.1 | 15161.0 | 16752.3 | 18026.8 | 18598.1 |
| Line 10 | Nonfinancial corporate business (liabilities) | LM103192105 | 11411.6 | 13981.4 | 16368.1 | 13702.2 | 13981.4 | 13320.2 | 14710.8 | 15830.2 | 16368.1 |
| Line 11 | Nonfinancial noncorporate business (liabilities) | LM115114103 | 107.9 | 120.9 | 130.2 | 120.2 | 120.9 | 114.3 | 124.1 | 132.3 | 130.2 |
| Line 12 | Foreign banking offices in U.S. (liabilities) | LM753192103 | 426.4 | 522.8 | 599.7 | 516.4 | 522.8 | 485.2 | 538.8 | 586.1 | 599.7 |
| Line 13 | Property-casualty insurance companies (liabilities) | LM513192103 | 262.3 | 309.0 | 368.9 | 307.0 | 309.0 | 295.8 | 335.5 | 358.0 | 368.9 |
| Line 14 | Life insurance companies (liabilities) | LM543192173 | 109.8 | 133.6 | 143.9 | 121.5 | 133.6 | 123.6 | 134.1 | 141.8 | 143.9 |
| Line 15 | Finance companies (liabilities) | LM613192103 | 188.7 | 212.4 | 249.2 | 221.8 | 212.4 | 203.9 | 227.0 | 243.8 | 249.2 |
| Line 16 | Brokers and dealers (liabilities) | LM663192103 | 422.5 | 558.2 | 661.2 | 539.1 | 558.2 | 524.5 | 588.6 | 648.0 | 661.2 |
| Line 17 | Holding companies (liabilities) | LM733192103 | 83.7 | 90.9 | 76.9 | 95.5 | 90.9 | 93.4 | 93.3 | 86.5 | 76.9 |
| Line 18 | Other financial business (liabilities) | LM503192103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Memo: | |||||||||||
| Line 19 | Total U.S. direct investment abroad1, 2 | LM263192005 | 9107.0 | 9707.1 | 12361.7 | 10263.6 | 9707.1 | 10133.7 | 11132.7 | 11786.7 | 12361.7 |
| Line 20 | Total Foreign direct investment in U.S.1, 2 | LM263092001 | 13449.5 | 16388.3 | 19037.2 | 16089.5 | 16388.3 | 15631.7 | 17206.0 | 18462.4 | 19037.2 |
Notes:
- Direct investment is presented on a directional basis and reported at market value.
- Memo totals are the sum of direct investment equity (tables F.225.a and L.225.a) and intercompany debt (tables F.223 and L.223).
Last Update: 2026-03-19