Federal Reserve Economic Data

Annual

F.6 Derivation of Measures of Personal Saving

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/.

For questions on the data, please contact the data source: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/z1/%
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    1946    
 
 
    2024
Line Name 2024 Preceding
Period 		Year Ago
from Period 		Units
line 1
Net acquisition of financial assets 		2,702,223 Millions of Dollars 2,158,488 Millions of Dollars 2,158,488 Millions of Dollars Mil. of $
line 2
Foreign deposits 		5,776 Millions of Dollars -832 Millions of Dollars -832 Millions of Dollars Mil. of $
line 3
Checkable deposits and currency 		218,913 Millions of Dollars -139,950 Millions of Dollars -139,950 Millions of Dollars Mil. of $
line 4
Time and savings deposits 		29,474 Millions of Dollars -425,193 Millions of Dollars -425,193 Millions of Dollars Mil. of $
line 5
Money market fund shares 		691,687 Millions of Dollars 935,640 Millions of Dollars 935,640 Millions of Dollars Mil. of $
line 6
Debt securities 		-18,596 Millions of Dollars 986,435 Millions of Dollars 986,435 Millions of Dollars Mil. of $
line 7
Treasury securities 		108,312 Millions of Dollars 780,772 Millions of Dollars 780,772 Millions of Dollars Mil. of $
line 8
Agency- and GSE-backed securities 		50,343 Millions of Dollars 3,437 Millions of Dollars 3,437 Millions of Dollars Mil. of $
line 9
Municipal securities 		91,924 Millions of Dollars 92,329 Millions of Dollars 92,329 Millions of Dollars Mil. of $
line 10
Corporate and foreign bonds 		-269,175 Millions of Dollars 109,897 Millions of Dollars 109,897 Millions of Dollars Mil. of $
line 11
Loans 		2,701 Millions of Dollars -69,638 Millions of Dollars -69,638 Millions of Dollars Mil. of $
line 12
Corporate equities 		1,074,792 Millions of Dollars 209,410 Millions of Dollars 209,410 Millions of Dollars Mil. of $
line 13
Mutual fund shares 		-87,808 Millions of Dollars -217,033 Millions of Dollars -217,033 Millions of Dollars Mil. of $
line 14
Trade receivables 		34,872 Millions of Dollars 35,400 Millions of Dollars 35,400 Millions of Dollars Mil. of $
line 15
Life insurance reserves 		58,424 Millions of Dollars 24,277 Millions of Dollars 24,277 Millions of Dollars Mil. of $
line 16
Pension entitlements 		406,140 Millions of Dollars 558,403 Millions of Dollars 558,403 Millions of Dollars Mil. of $
line 17
Miscellaneous and other assets 		285,848 Millions of Dollars 261,569 Millions of Dollars 261,569 Millions of Dollars Mil. of $
line 18
Gross investment in nonfinancial assets 		3,883,982 Millions of Dollars 3,739,435 Millions of Dollars 3,739,435 Millions of Dollars Mil. of $
line 19
Residential fixed investment 		1,177,473 Millions of Dollars 1,095,570 Millions of Dollars 1,095,570 Millions of Dollars Mil. of $
line 20
Nonresidential fixed investment 		723,674 Millions of Dollars 690,397 Millions of Dollars 690,397 Millions of Dollars Mil. of $
line 21
Consumer durables 		1,984,984 Millions of Dollars 1,962,252 Millions of Dollars 1,962,252 Millions of Dollars Mil. of $
line 22
Nonproduced nonfinancial assets 		-13,605 Millions of Dollars -13,618 Millions of Dollars -13,618 Millions of Dollars Mil. of $
line 23
Inventories 		11,457 Millions of Dollars 4,834 Millions of Dollars 4,834 Millions of Dollars Mil. of $
line 24
Consumption of fixed capital 		3,008,303 Millions of Dollars 2,957,421 Millions of Dollars 2,957,421 Millions of Dollars Mil. of $
line 25
Residential fixed investment 		805,358 Millions of Dollars 766,091 Millions of Dollars 766,091 Millions of Dollars Mil. of $
line 26
Nonresidential fixed investment 		572,628 Millions of Dollars 559,207 Millions of Dollars 559,207 Millions of Dollars Mil. of $
line 27
Consumer durables 		1,630,318 Millions of Dollars 1,632,122 Millions of Dollars 1,632,122 Millions of Dollars Mil. of $
line 28
Net investment in nonfinancial assets 		875,679 Millions of Dollars 782,015 Millions of Dollars 782,015 Millions of Dollars Mil. of $
line 29
Residential fixed investment 		372,115 Millions of Dollars 329,479 Millions of Dollars 329,479 Millions of Dollars Mil. of $
line 30
Nonresidential fixed investment 		151,046 Millions of Dollars 131,190 Millions of Dollars 131,190 Millions of Dollars Mil. of $
line 31
Consumer durables 		354,666 Millions of Dollars 330,130 Millions of Dollars 330,130 Millions of Dollars Mil. of $
line 32
Nonproduced nonfinancial assets 		-13,605 Millions of Dollars -13,618 Millions of Dollars -13,618 Millions of Dollars Mil. of $
line 33
Inventories 		11,457 Millions of Dollars 4,834 Millions of Dollars 4,834 Millions of Dollars Mil. of $
line 34
Net increase in liabilities 		1,026,868 Millions of Dollars 914,868 Millions of Dollars 914,868 Millions of Dollars Mil. of $
line 35
Home mortgages 		394,201 Millions of Dollars 388,387 Millions of Dollars 388,387 Millions of Dollars Mil. of $
line 36
Other mortgages 		144,042 Millions of Dollars 177,332 Millions of Dollars 177,332 Millions of Dollars Mil. of $
line 37
Consumer credit 		98,844 Millions of Dollars 129,786 Millions of Dollars 129,786 Millions of Dollars Mil. of $
line 38
Other loans and advances 		105,362 Millions of Dollars 25,520 Millions of Dollars 25,520 Millions of Dollars Mil. of $
line 39
Other liabilities 		259,941 Millions of Dollars 197,779 Millions of Dollars 197,779 Millions of Dollars Mil. of $
line 40
Net capital transfers paid 		-56,869 Millions of Dollars -100,348 Millions of Dollars -100,348 Millions of Dollars Mil. of $
line 41
Personal saving, FOF concept (FOF) 		2,494,164 Millions of Dollars 1,925,286 Millions of Dollars 1,925,286 Millions of Dollars Mil. of $
line 42
- Net investment in consumer durables 		354,666 Millions of Dollars 330,130 Millions of Dollars 330,130 Millions of Dollars Mil. of $
line 43
- Government insurance and pension fund reserves 		-1,124 Millions of Dollars -1,393 Millions of Dollars -1,393 Millions of Dollars Mil. of $
line 44
+ Contr. for govt. soc. insur., U.S.-affiliated areas 		6,224 Millions of Dollars 6,006 Millions of Dollars 6,006 Millions of Dollars Mil. of $
line 45
= Personal saving, NIPA concept (FOF) 		2,146,846 Millions of Dollars 1,602,555 Millions of Dollars 1,602,555 Millions of Dollars Mil. of $
line 46
Personal saving, NIPA concept (NIPA) 		983,160 Millions of Dollars 967,225 Millions of Dollars 967,225 Millions of Dollars Mil. of $
line 47
Difference 		1,163,687 Millions of Dollars 635,330 Millions of Dollars 635,330 Millions of Dollars Mil. of $
Memo:
line 48
Disposable personal income 		21,633,600 Millions of Dollars 20,546,799 Millions of Dollars 20,546,799 Millions of Dollars Mil. of $
Personal saving as a percentage of disposable personal income:
line 49
FOF concept (FOF data) (line 41) 		11.52912 Percent 9.37025 Percent 9.37025 Percent %
line 50
NIPA concept (FOF data) (line 45) 		9.92367 Percent 7.79953 Percent 7.79953 Percent %
line 51
NIPA concept (NIPA data) (line 46) 		4.54460 Percent 4.70742 Percent 4.70742 Percent %
line 52
Difference (line 47) 		5.37907 Percent 3.09211 Percent 3.09211 Percent %
   

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