Federal Reserve Economic Data

Annual

B.1 Derivation of U.S. Net Wealth

The Financial Accounts (formerly known as the Flow of Funds accounts) are a set of financial accounts used to track the sources and uses of funds by sector. They are a component of a system of macroeconomic accounts including the National Income and Product accounts (NIPA) and balance of payments accounts, all of which serve as a comprehensive set of information on the economy’s performance.(1) Some important inferences that can be drawn from the Financial accounts are the financial strength of a given sector, new economic trends, changes in the composition of wealth, and development of new financial instruments over time.(1)
Sectors are compiled into three categories: households, nonfinancial businesses, and banks. The sources of funds for a sector are its internal funds (savings from income after consumption) and external funds (loans from banks and other financial intermediaries). (1) Funds for a given sector are used for its investments in physical and financial assets. Dividing sources and uses of funds into two categories helps the staff of the Federal Reserve System pay particular attention to external sources of funds and financial uses of funds.(2) One example is whether households are borrowing more from banks—or in other words, whether household debt is rising. Another example might be whether banks are using more of their funds to provide loans to consumers. Transactions within a sector are not shown in the accounts; however, transactions between sectors are.(2) Monitoring the external flows of funds provides insights into a sector’s health and the performance of the economy as a whole.
Data for the Financial accounts are compiled from a large number of reports and publications, including regulatory reports such as those submitted by banks, tax filings, and surveys conducted by the Federal Reserve System.(2) The Financial accounts are published quarterly as a set of tables in the Federal Reserve’s Z.1 statistical release.
(1) Teplin, Albert M. “The U.S. Flow of Funds Accounts and Their Uses.” Federal Reserve Bulletin, July 2001; http://www.federalreserve.gov/pubs/bulletin/2001/0701lead.pdf.
(2) Board of Governors of the Federal Reserve System. “Guide to the Flow of Funds Accounts.” 2000, http://www.federalreserve.gov/apps/fof/.

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    1945    
 
 
    2024
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
U.S. net wealth 		2024 158,357,688 Millions of Dollars 145,113,631 Millions of Dollars 145,113,631 Millions of Dollars Mil. of $
line 2
Households' direct holdings of nonfinancial assets 		2024 61,347,340 Millions of Dollars 57,801,651 Millions of Dollars 57,801,651 Millions of Dollars Mil. of $
line 3
Real estate 		2024 52,204,487 Millions of Dollars 49,026,205 Millions of Dollars 49,026,205 Millions of Dollars Mil. of $
line 4
Equipment (nonprofits) 		2024 690,510 Millions of Dollars 656,963 Millions of Dollars 656,963 Millions of Dollars Mil. of $
line 5
Intellectual property products (nonprofits) 		2024 278,164 Millions of Dollars 258,044 Millions of Dollars 258,044 Millions of Dollars Mil. of $
line 6
Consumer durable goods 		2024 8,174,179 Millions of Dollars 7,860,439 Millions of Dollars 7,860,439 Millions of Dollars Mil. of $
line 7
Nonfin. noncorporate businesses nonfinancial assets 		2024 18,970,412 Millions of Dollars 18,778,708 Millions of Dollars 18,778,708 Millions of Dollars Mil. of $
line 8
Real estate 		2024 17,047,613 Millions of Dollars 16,888,253 Millions of Dollars 16,888,253 Millions of Dollars Mil. of $
line 9
Equipment 		2024 1,113,485 Millions of Dollars 1,126,291 Millions of Dollars 1,126,291 Millions of Dollars Mil. of $
line 10
Intellectual property products 		2024 479,871 Millions of Dollars 451,784 Millions of Dollars 451,784 Millions of Dollars Mil. of $
line 11
Inventories 		2024 329,443 Millions of Dollars 312,380 Millions of Dollars 312,380 Millions of Dollars Mil. of $
line 12
Fin. noncorporate businesses nonfinancial assets 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 13
Market value of domestic corporations 		2024 82,056,550 Millions of Dollars 67,145,978 Millions of Dollars 67,145,978 Millions of Dollars Mil. of $
line 14
Nonfinancial corporate equity 		2024 63,187,599 Millions of Dollars 52,200,094 Millions of Dollars 52,200,094 Millions of Dollars Mil. of $
line 15
Financial corporate equity 		2024 18,868,951 Millions of Dollars 14,945,884 Millions of Dollars 14,945,884 Millions of Dollars Mil. of $
line 16
Federal government nonfinancial assets 		2024 4,754,288 Millions of Dollars 4,594,472 Millions of Dollars 4,594,472 Millions of Dollars Mil. of $
line 17
Structures 		2024 2,199,171 Millions of Dollars 2,166,688 Millions of Dollars 2,166,688 Millions of Dollars Mil. of $
line 18
Equipment 		2024 1,012,291 Millions of Dollars 987,056 Millions of Dollars 987,056 Millions of Dollars Mil. of $
line 19
Intellectual property products 		2024 1,542,826 Millions of Dollars 1,440,728 Millions of Dollars 1,440,728 Millions of Dollars Mil. of $
line 20
State and local governments nonfinancial assets 		2024 16,688,514 Millions of Dollars 16,241,681 Millions of Dollars 16,241,681 Millions of Dollars Mil. of $
line 21
Structures 		2024 16,143,860 Millions of Dollars 15,726,798 Millions of Dollars 15,726,798 Millions of Dollars Mil. of $
line 22
Equipment 		2024 327,360 Millions of Dollars 315,182 Millions of Dollars 315,182 Millions of Dollars Mil. of $
line 23
Intellectual property products 		2024 217,294 Millions of Dollars 199,701 Millions of Dollars 199,701 Millions of Dollars Mil. of $
line 24
Net U.S. financial claims on the rest of the world 		2024 -24,978,772 Millions of Dollars -19,274,017 Millions of Dollars -19,274,017 Millions of Dollars Mil. of $
line 25
U.S. financial claims on the rest of the world 		2024 32,063,602 Millions of Dollars 30,240,038 Millions of Dollars 30,240,038 Millions of Dollars Mil. of $
line 26
U.S. holdings of foreign corporate equities 		2024 11,996,289 Millions of Dollars 11,267,034 Millions of Dollars 11,267,034 Millions of Dollars Mil. of $
line 27
Other U.S. financial claims 		2024 10,207,798 Millions of Dollars 9,723,481 Millions of Dollars 9,723,481 Millions of Dollars Mil. of $
line 28
Less: Foreign financial claims on U.S. 		2024 57,042,374 Millions of Dollars 49,514,055 Millions of Dollars 49,514,055 Millions of Dollars Mil. of $
line 29
Foreign holdings of U.S. corporate equities 		2024 16,891,860 Millions of Dollars 13,415,220 Millions of Dollars 13,415,220 Millions of Dollars Mil. of $
line 30
Other foreign financial claims 		2024 40,150,514 Millions of Dollars 36,098,835 Millions of Dollars 36,098,835 Millions of Dollars Mil. of $
Memo:
line 31
A. U.S. net wealth (line 1) 		2024 158,357,688 Millions of Dollars 145,113,631 Millions of Dollars 145,113,631 Millions of Dollars Mil. of $
line 32
Change in U.S. net wealth 		2024 13,244,057 Millions of Dollars 8,882,373 Millions of Dollars 8,882,373 Millions of Dollars Mil. of $
line 33
Percent change in U.S. net wealth 		2024 9.12668 Percent 6.52007 Percent 6.52007 Percent %
line 34
B. Household net worth 		2024 170,932,730 Millions of Dollars 156,536,718 Millions of Dollars 156,536,718 Millions of Dollars Mil. of $
line 35
Change in household net worth 		2024 14,396,012 Millions of Dollars 11,601,835 Millions of Dollars 11,601,835 Millions of Dollars Mil. of $
line 36
Percent change in household net worth 		2024 9.19657 Percent 8.00486 Percent 8.00486 Percent %
   

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