Quarterly

L.209 Open Market Paper

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/%
For questions on FRED functionality, please contact: https://fred.stlouisfed.org/contactus/

   

Please select a date range

    Q4 1945    
 
 
    Q4 2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Total liabilities 		Q4 2025 1,367,958 Millions of U.S. Dollars 1,355,308 Millions of U.S. Dollars 1,218,700 Millions of U.S. Dollars Mil. of U.S. $
line 2
Commercial paper 		Q4 2025 1,367,958 Millions of U.S. Dollars 1,355,308 Millions of U.S. Dollars 1,218,700 Millions of U.S. Dollars Mil. of U.S. $
line 3
Nonfinancial corporate business 		Q4 2025 214,998 Millions of U.S. Dollars 229,874 Millions of U.S. Dollars 196,313 Millions of U.S. Dollars Mil. of U.S. $
line 4
Foreign issues in U.S. 		Q4 2025 322,332 Millions of U.S. Dollars 299,329 Millions of U.S. Dollars 303,847 Millions of U.S. Dollars Mil. of U.S. $
line 5
Nonfinancial 		Q4 2025 26,498 Millions of U.S. Dollars 27,771 Millions of U.S. Dollars 19,810 Millions of U.S. Dollars Mil. of U.S. $
line 6
Financial 		Q4 2025 295,834 Millions of U.S. Dollars 271,558 Millions of U.S. Dollars 284,037 Millions of U.S. Dollars Mil. of U.S. $
line 7
Financial business 		Q4 2025 830,628 Millions of U.S. Dollars 826,105 Millions of U.S. Dollars 718,540 Millions of U.S. Dollars Mil. of U.S. $
line 8
U.S.-chartered depository institutions 		Q4 2025 187,824 Millions of U.S. Dollars 202,346 Millions of U.S. Dollars 175,977 Millions of U.S. Dollars Mil. of U.S. $
line 9
Foreign banking offices in U.S. 		Q4 2025 180,398 Millions of U.S. Dollars 198,600 Millions of U.S. Dollars 173,301 Millions of U.S. Dollars Mil. of U.S. $
line 10
ABS issuers 		Q4 2025 231,998 Millions of U.S. Dollars 193,029 Millions of U.S. Dollars 166,859 Millions of U.S. Dollars Mil. of U.S. $
line 11
Finance companies 		Q4 2025 57,944 Millions of U.S. Dollars 57,980 Millions of U.S. Dollars 67,787 Millions of U.S. Dollars Mil. of U.S. $
line 12
REITs 		Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 13
Holding companies 		Q4 2025 6,477 Millions of U.S. Dollars 6,214 Millions of U.S. Dollars 7,009 Millions of U.S. Dollars Mil. of U.S. $
line 14
Funding corporations 		Q4 2025 165,987 Millions of U.S. Dollars 167,936 Millions of U.S. Dollars 127,607 Millions of U.S. Dollars Mil. of U.S. $
line 15
Bankers’ acceptances 		Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 16
U.S.-chartered depository institutions 		Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 17
Foreign banking offices in U.S. 		Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 18
Total assets 		Q4 2025 1,367,958 Millions of U.S. Dollars 1,355,308 Millions of U.S. Dollars 1,218,700 Millions of U.S. Dollars Mil. of U.S. $
line 19
Nonfinancial corporate business 		Q4 2025 215,696 Millions of U.S. Dollars 215,333 Millions of U.S. Dollars 206,558 Millions of U.S. Dollars Mil. of U.S. $
line 20
State and local governments 		Q4 2025 296,754 Millions of U.S. Dollars 294,010 Millions of U.S. Dollars 264,375 Millions of U.S. Dollars Mil. of U.S. $
line 21
Monetary authority 		Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 22
U.S.-chartered depository institutions 		Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 23
Foreign banking offices in U.S. 		Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 24
Credit unions 		Q4 2025 20 Millions of U.S. Dollars 40 Millions of U.S. Dollars 60 Millions of U.S. Dollars Mil. of U.S. $
line 25
Property-casualty insurance companies 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 26
Life insurance companies 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 27
Private pension funds 		Q4 2025 31,545 Millions of U.S. Dollars 31,984 Millions of U.S. Dollars 33,227 Millions of U.S. Dollars Mil. of U.S. $
line 28
State and local govt. retirement funds 		Q4 2025 14,134 Millions of U.S. Dollars 13,303 Millions of U.S. Dollars 12,567 Millions of U.S. Dollars Mil. of U.S. $
line 29
Money market funds 		Q4 2025 319,018 Millions of U.S. Dollars 313,998 Millions of U.S. Dollars 299,442 Millions of U.S. Dollars Mil. of U.S. $
line 30
Mutual funds 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 31
Government-sponsored enterprises 		Q4 2025 6,079 Millions of U.S. Dollars 6,492 Millions of U.S. Dollars 8,747 Millions of U.S. Dollars Mil. of U.S. $
line 32
Brokers and dealers 		Q4 2025 49,295 Millions of U.S. Dollars 48,066 Millions of U.S. Dollars 32,208 Millions of U.S. Dollars Mil. of U.S. $
line 33
Funding corporations 		Q4 2025 210,097 Millions of U.S. Dollars 202,967 Millions of U.S. Dollars 145,475 Millions of U.S. Dollars Mil. of U.S. $
line 34
Rest of the world 		Q4 2025 159,255 Millions of U.S. Dollars 159,428 Millions of U.S. Dollars 138,763 Millions of U.S. Dollars Mil. of U.S. $
   

Back to Top

Subscribe to the FRED newsletter

Follow us

 

Need Help?

Questions or Comments
FRED Help
Legal
Privacy Notice & Policy