Financial Accounts of the United States - Z.1
L.4.s Net stocks of fixed assets, current cost
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 | Net stocks (by type) | FL885019865 | 88606.2 | 91548.5 | 95675.6 | 90849.6 | 91548.5 | 92564.6 | 93310.1 | 94512.2 | 95675.6 |
| Line 2 | Structures | FL885019665 | 71592.6 | 73687.1 | 76691.8 | 73183.9 | 73687.1 | 74533.5 | 75029.2 | 75862.8 | 76691.8 |
| Line 3 | Equipment | FL885019265 | 10371.2 | 10729.4 | 11306.6 | 10669.5 | 10729.4 | 10798.6 | 10949.7 | 11153.2 | 11306.6 |
| Line 4 | Intellectual Property Products | FL885013765 | 6642.4 | 7132.1 | 7677.1 | 6996.2 | 7132.1 | 7232.6 | 7331.3 | 7496.1 | 7677.1 |
| Line 5 | Software | FL885013365 | 1298.4 | 1433.4 | 1525.8 | 1403.4 | 1433.4 | 1431.3 | 1418.1 | 1475.2 | 1525.8 |
| Line 6 | Research and development | FL885013465 | 4654.3 | 4986.4 | 5408.2 | 4883.0 | 4986.4 | 5081.0 | 5181.3 | 5286.6 | 5408.2 |
| Line 7 | Entertainment, literary, and artistic originals | FL835013565 | 689.7 | 712.2 | 743.2 | 709.8 | 712.2 | 720.3 | 731.9 | 734.4 | 743.2 |
| Line 8 | Net stocks (by sector) | FL885019865 | 88606.2 | 91548.5 | 95675.6 | 90849.6 | 91548.5 | 92564.6 | 93310.1 | 94512.2 | 95675.6 |
| Line 9 | Households and nonprofit organizations | FL155015015 | 31207.3 | 32262.9 | 33505.2 | 32011.9 | 32262.9 | 32661.6 | 32898.3 | 33285.3 | 33505.2 |
| Line 10 | Nonfinancial corporate business | FL105015085 | 24166.4 | 24954.9 | 26221.1 | 24764.6 | 24954.9 | 25167.1 | 25352.0 | 25765.8 | 26221.1 |
| Line 11 | Nonfinancial noncorporate business | FL115015005 | 10083.0 | 10410.2 | 10883.6 | 10334.6 | 10410.2 | 10528.2 | 10611.2 | 10758.6 | 10883.6 |
| Line 12 | Federal government | FL315015005 | 4570.2 | 4710.1 | 4943.9 | 4672.6 | 4710.1 | 4778.9 | 4831.0 | 4880.0 | 4943.9 |
| Line 13 | State and local governments | FL215015005 | 16021.3 | 16561.9 | 17359.3 | 16438.3 | 16561.9 | 16766.9 | 16946.5 | 17106.4 | 17359.3 |
| Line 14 | Domestic financial sectors1 | FL795013865 | 2558.0 | 2648.6 | 2762.5 | 2627.7 | 2648.6 | 2661.9 | 2671.0 | 2716.1 | 2762.5 |
| Line 15 | Monetary authority | FL715013865 | 14.9 | 15.4 | 15.9 | 15.3 | 15.4 | 15.4 | 15.4 | 15.6 | 15.9 |
| Line 16 | Private depository institutions | FL705013865 | 713.3 | 744.6 | 779.9 | 737.1 | 744.6 | 749.3 | 752.1 | 765.5 | 779.9 |
| Line 17 | U.S.-chartered depository institutions | FL765013865 | 503.1 | 534.8 | 560.7 | 527.1 | 534.8 | 538.2 | 540.3 | 550.2 | 560.7 |
| Line 18 | Foreign banking offices in U.S. | FL755013865 | 107.7 | 99.2 | 103.7 | 101.4 | 99.2 | 99.8 | 100.2 | 101.9 | 103.7 |
| Line 19 | Banks in U.S.-affiliated areas | FL745013865 | 2.1 | 2.3 | 2.4 | 2.2 | 2.3 | 2.3 | 2.3 | 2.3 | 2.4 |
| Line 20 | Credit unions | FL475013865 | 100.3 | 108.3 | 113.2 | 106.3 | 108.3 | 109.0 | 109.4 | 111.2 | 113.2 |
| Line 21 | Property-casualty insurance companies | FL515013865 | 232.2 | 239.6 | 247.7 | 237.9 | 239.6 | 240.1 | 239.9 | 243.7 | 247.7 |
| Line 22 | Life insurance companies | FL545013865 | 204.7 | 214.9 | 226.6 | 212.3 | 214.9 | 216.6 | 217.8 | 222.0 | 226.6 |
| Line 23 | Private pension funds | FL575013865 | 7.9 | 9.8 | 11.6 | 9.3 | 9.8 | 10.2 | 10.5 | 11.0 | 11.6 |
| Line 24 | State and local government employee pension funds | FL225013865 | 20.7 | 25.5 | 30.5 | 24.3 | 25.5 | 26.6 | 27.6 | 29.0 | 30.5 |
| Line 25 | Government-sponsored enterprises | FL405013865 | 4.8 | 4.7 | 4.8 | 4.7 | 4.7 | 4.7 | 4.7 | 4.8 | 4.8 |
| Line 26 | ABS issuers | FL675013263 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 27 | Finance companies | FL615013865 | 519.7 | 523.1 | 540.4 | 523.6 | 523.1 | 524.1 | 527.6 | 535.0 | 540.4 |
| Line 28 | Security brokers and dealers | FL665013865 | 320.7 | 343.3 | 366.6 | 337.7 | 343.3 | 346.7 | 349.1 | 357.7 | 366.6 |
| Line 29 | Holding companies | FL735013865 | 519.0 | 527.8 | 538.4 | 525.5 | 527.8 | 528.1 | 526.3 | 531.7 | 538.4 |
| Memo: | |||||||||||
| Line 30 | Consumer durable goods2 | FL155111005 | 7856.6 | 8111.2 | 8653.5 | 8013.4 | 8111.2 | 8241.1 | 8416.9 | 8534.0 | 8653.5 |
| Line 31 | Inventories3 | FL145020005 | 3813.7 | 3913.3 | 4066.3 | 3871.1 | 3913.3 | 4018.3 | 4008.6 | 4090.6 | 4066.3 |
Notes:
- Domestic financial subsector detail are based on FRB staff estimates.
- Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector fixed investment (table B.101, line 8).
- Not included above.
Last Update: 2026-03-19