Federal Reserve Economic Data

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/%
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    Q4 1945    
 
 
    Q2 2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Total liabilities 		Q2 2025 1,389,706 Millions of Dollars 1,318,847 Millions of Dollars 1,217,483 Millions of Dollars Mil. of $
line 2
Commercial paper 		Q2 2025 1,389,706 Millions of Dollars 1,318,847 Millions of Dollars 1,217,483 Millions of Dollars Mil. of $
line 3
Nonfinancial corporate business 		Q2 2025 254.175 Billions of Dollars 235.856 Billions of Dollars 211.891 Billions of Dollars Bil. of $
line 4
Foreign issues in U.S. 		Q2 2025 360,128 Millions of Dollars 322,270 Millions of Dollars 303,950 Millions of Dollars Mil. of $
line 5
Nonfinancial 		Q2 2025 16,657 Millions of Dollars 27,390 Millions of Dollars 26,828 Millions of Dollars Mil. of $
line 6
Financial 		Q2 2025 343,471 Millions of Dollars 294,880 Millions of Dollars 277,122 Millions of Dollars Mil. of $
line 7
Financial business 		Q2 2025 775,403 Millions of Dollars 760,721 Millions of Dollars 701,642 Millions of Dollars Mil. of $
line 8
U.S.-chartered depository institutions 		Q2 2025 199,044 Millions of Dollars 188,681 Millions of Dollars 184,844 Millions of Dollars Mil. of $
line 9
Foreign banking offices in U.S. 		Q2 2025 171,995 Millions of Dollars 165,098 Millions of Dollars 157,980 Millions of Dollars Mil. of $
line 10
ABS issuers 		Q2 2025 168,773 Millions of Dollars 176,978 Millions of Dollars 139,955 Millions of Dollars Mil. of $
line 11
Finance companies 		Q2 2025 65,487 Millions of Dollars 59,200 Millions of Dollars 66,733 Millions of Dollars Mil. of $
line 12
REITs 		Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 13
Holding companies 		Q2 2025 9,793 Millions of Dollars 8,672 Millions of Dollars 9,709 Millions of Dollars Mil. of $
line 14
Funding corporations 		Q2 2025 160,311 Millions of Dollars 162,092 Millions of Dollars 142,421 Millions of Dollars Mil. of $
line 15
Bankers’ acceptances 		Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 16
U.S.-chartered depository institutions 		Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 17
Foreign banking offices in U.S. 		Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 18
Total assets 		Q2 2025 1,389,706 Millions of Dollars 1,318,847 Millions of Dollars 1,217,483 Millions of Dollars Mil. of $
line 19
Nonfinancial corporate business 		Q2 2025 204.162 Billions of Dollars 212.104 Billions of Dollars 232.276 Billions of Dollars Bil. of $
line 20
State and local governments 		Q2 2025 301,472 Millions of Dollars 286,100 Millions of Dollars 264,111 Millions of Dollars Mil. of $
line 21
Monetary authority 		Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 22
U.S.-chartered depository institutions 		Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 23
Foreign banking offices in U.S. 		Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 24
Credit unions 		Q2 2025 100 Millions of Dollars 60 Millions of Dollars 89 Millions of Dollars Mil. of $
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 		Q2 2025 32,380 Millions of Dollars 32,817 Millions of Dollars 34,059 Millions of Dollars Mil. of $
line 28
State and local govt. retirement funds 		Q2 2025 11,790 Millions of Dollars 11,546 Millions of Dollars 13,434 Millions of Dollars Mil. of $
line 29
Money market funds 		Q2 2025 312,735 Millions of Dollars 323,452 Millions of Dollars 281,435 Millions of Dollars Mil. of $
line 30
Mutual funds 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 31
Government-sponsored enterprises 		Q2 2025 8,086 Millions of Dollars 8,460 Millions of Dollars 9,730 Millions of Dollars Mil. of $
line 32
Brokers and dealers 		Q2 2025 46,690 Millions of Dollars 32,853 Millions of Dollars 23,410 Millions of Dollars Mil. of $
line 33
Funding corporations 		Q2 2025 250,236 Millions of Dollars 187,530 Millions of Dollars 153,351 Millions of Dollars Mil. of $
line 34
Rest of the world 		Q2 2025 142,967 Millions of Dollars 143,224 Millions of Dollars 125,941 Millions of Dollars Mil. of $
   

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