Federal Reserve Economic Data

Annual

B.103 Balance Sheet of Nonfinancial Corporate Business

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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    1945    
 
 
    2024
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
With nonfinancial assets stated at either market value or replacement cost:
line 1
Assets 		2024 63,076,570 Millions of Dollars 61,200,562 Millions of Dollars 61,200,562 Millions of Dollars Mil. of $
line 2
Nonfinancial assets 		2024 30,389,684 Millions of Dollars 29,764,727 Millions of Dollars 29,764,727 Millions of Dollars Mil. of $
line 3
Real estate 		2024 15,683,203 Millions of Dollars 15,788,604 Millions of Dollars 15,788,604 Millions of Dollars Mil. of $
line 4
Equipment 		2024 6,872,494 Millions of Dollars 6,569,746 Millions of Dollars 6,569,746 Millions of Dollars Mil. of $
line 5
Intellectual property products 		2024 4,324,759 Millions of Dollars 3,967,446 Millions of Dollars 3,967,446 Millions of Dollars Mil. of $
line 6
Inventories 		2024 3,509,228 Millions of Dollars 3,438,931 Millions of Dollars 3,438,931 Millions of Dollars Mil. of $
line 7
Financial assets 		2024 32,686,886 Millions of Dollars 31,435,835 Millions of Dollars 31,435,835 Millions of Dollars Mil. of $
line 8
Foreign deposits 		2024 212,221 Millions of Dollars 245,776 Millions of Dollars 245,776 Millions of Dollars Mil. of $
line 9
Checkable deposits and currency 		2024 2,159,369 Millions of Dollars 1,876,602 Millions of Dollars 1,876,602 Millions of Dollars Mil. of $
line 10
Time and savings deposits 		2024 420,466 Millions of Dollars 433,998 Millions of Dollars 433,998 Millions of Dollars Mil. of $
line 11
Money market fund shares 		2024 962,177 Millions of Dollars 873,704 Millions of Dollars 873,704 Millions of Dollars Mil. of $
line 12
Security repurchase agreements 		2024 43,824 Millions of Dollars 27,018 Millions of Dollars 27,018 Millions of Dollars Mil. of $
line 13
Debt securities 		2024 405,371 Millions of Dollars 400,061 Millions of Dollars 400,061 Millions of Dollars Mil. of $
line 14
Commercial paper 		2024 203,051 Millions of Dollars 209,834 Millions of Dollars 209,834 Millions of Dollars Mil. of $
line 15
Treasury securities 		2024 122,745 Millions of Dollars 111,424 Millions of Dollars 111,424 Millions of Dollars Mil. of $
line 16
Agency- and GSE-backed securities 		2024 40,915 Millions of Dollars 37,141 Millions of Dollars 37,141 Millions of Dollars Mil. of $
line 17
Municipal securities 		2024 25,290 Millions of Dollars 24,907 Millions of Dollars 24,907 Millions of Dollars Mil. of $
line 18
Loans 		2024 145,223 Millions of Dollars 141,232 Millions of Dollars 141,232 Millions of Dollars Mil. of $
line 19
Mortgages 		2024 48,114 Millions of Dollars 47,896 Millions of Dollars 47,896 Millions of Dollars Mil. of $
line 20
Consumer credit 		2024 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 21
Corporate equities 		2024 3,238,639 Millions of Dollars 2,913,842 Millions of Dollars 2,913,842 Millions of Dollars Mil. of $
line 22
Mutual fund shares 		2024 404,454 Millions of Dollars 325,191 Millions of Dollars 325,191 Millions of Dollars Mil. of $
line 23
Trade receivables 		2024 5,332,436 Millions of Dollars 5,244,725 Millions of Dollars 5,244,725 Millions of Dollars Mil. of $
line 24
U.S. direct investment abroad 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 25
Miscellaneous assets 		2024 11,277,197 Millions of Dollars 11,339,858 Millions of Dollars 11,339,858 Millions of Dollars Mil. of $
line 26
Liabilities 		2024 30,002,007 Millions of Dollars 29,637,316 Millions of Dollars 29,637,316 Millions of Dollars Mil. of $
line 27
Debt securities 		2024 8,502,789 Millions of Dollars 8,240,421 Millions of Dollars 8,240,421 Millions of Dollars Mil. of $
line 28
Commercial paper 		2024 196,313 Millions of Dollars 217,959 Millions of Dollars 217,959 Millions of Dollars Mil. of $
line 29
Municipal securities 		2024 634,623 Millions of Dollars 621,562 Millions of Dollars 621,562 Millions of Dollars Mil. of $
line 30
Corporate bonds 		2024 7,175,843 Millions of Dollars 6,922,058 Millions of Dollars 6,922,058 Millions of Dollars Mil. of $
line 31
Loans 		2024 5,262,122 Millions of Dollars 5,200,750 Millions of Dollars 5,200,750 Millions of Dollars Mil. of $
line 32
Depository institution loans n.e.c. 		2024 1,157,565 Millions of Dollars 1,243,932 Millions of Dollars 1,243,932 Millions of Dollars Mil. of $
line 33
Other loans and advances 		2024 2,681,343 Millions of Dollars 2,573,715 Millions of Dollars 2,573,715 Millions of Dollars Mil. of $
line 34
Mortgages 		2024 1,423,214 Millions of Dollars 1,383,103 Millions of Dollars 1,383,103 Millions of Dollars Mil. of $
line 35
Trade payables 		2024 3,950,698 Millions of Dollars 3,852,249 Millions of Dollars 3,852,249 Millions of Dollars Mil. of $
line 36
Taxes payable 		2024 236,655 Millions of Dollars 249,704 Millions of Dollars 249,704 Millions of Dollars Mil. of $
line 37
Foreign direct investment in U.S. 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 38
Miscellaneous liabilities 		2024 11,696,009 Millions of Dollars 11,779,124 Millions of Dollars 11,779,124 Millions of Dollars Mil. of $
line 39
Net worth (market value) 		2024 33,074,563 Millions of Dollars 31,563,247 Millions of Dollars 31,563,247 Millions of Dollars Mil. of $
Memo:
Replacement-cost value of structures:
line 40
Residential 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 41
Nonresidential 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 42
Market value of equities outstanding 		2024 63,187,599 Millions of Dollars 52,200,094 Millions of Dollars 52,200,094 Millions of Dollars Mil. of $
line 43
Debt/net worth (percent) (lines 27+31/line 39) 		2024 41.61782 Percent 42.58488 Percent 42.58488 Percent %
line 44
Debt/equities (percent) (lines 27+31/line 42) 		2024 17.83737 Percent 21.13003 Percent 21.13003 Percent %
line 45
Equities/net worth (percent) (line 42/line 39) 		2024 233.31817 Percent 201.53726 Percent 201.53726 Percent %
With nonfinancial assets stated at historical cost:
line 46
Assets (sum of lines 7 and 47) 		2024 53,556,016 Millions of Dollars 51,326,398 Millions of Dollars 51,326,398 Millions of Dollars Mil. of $
line 47
Nonfinancial assets 		2024 20,869,130 Millions of Dollars 19,890,563 Millions of Dollars 19,890,563 Millions of Dollars Mil. of $
line 48
Real estate 		2024 8,147,456 Millions of Dollars 7,715,711 Millions of Dollars 7,715,711 Millions of Dollars Mil. of $
line 49
Equipment 		2024 6,000,308 Millions of Dollars 5,742,157 Millions of Dollars 5,742,157 Millions of Dollars Mil. of $
line 50
Intellectual property products 		2024 3,888,390 Millions of Dollars 3,594,431 Millions of Dollars 3,594,431 Millions of Dollars Mil. of $
line 51
Inventories 		2024 2,832,976 Millions of Dollars 2,838,264 Millions of Dollars 2,838,264 Millions of Dollars Mil. of $
line 52
Net worth (historical cost) (line 46 less line 26) 		2024 23,554,009 Millions of Dollars 21,689,082 Millions of Dollars 21,689,082 Millions of Dollars Mil. of $
Memo:
Historical-cost value of structures:
line 53
Residential 		2024 163,868 Millions of Dollars 153,133 Millions of Dollars 153,133 Millions of Dollars Mil. of $
line 54
Nonresidential 		2024 7,246,676 Millions of Dollars 6,862,212 Millions of Dollars 6,862,212 Millions of Dollars Mil. of $
line 55
Debt/net worth (percent) (lines 27+31/line 52) 		2024 58.43978 Percent 61.97206 Percent 61.97206 Percent %
   

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