Quarterly

S11.2.r Nonfinancial noncorporate 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/%
For questions on FRED functionality, please contact: https://fred.stlouisfed.org/contactus/
To easily map the Board series IDs to FRED series IDs, see the DDP-FRED Crosswalk available at: https://www.federalreserve.gov/data/data-download-fred-information.htm

   

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    Q4 1945    
 
 
    Q2 2026
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Change in net worth 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 2
Net capital transfers paid 		Q2 2026 0 Millions of U.S. Dollars -24,750 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 3
Net investment 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 4
Net physical investment 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 5
Capital expenditures 		Q2 2026 189,318 Millions of U.S. Dollars 91,495 Millions of U.S. Dollars 182,158 Millions of U.S. Dollars Mil. of U.S. $
line 6
- Consumption of fixed capital 		Q2 2026 136,282 Millions of U.S. Dollars 134,318 Millions of U.S. Dollars 128,223 Millions of U.S. Dollars Mil. of U.S. $
line 7
Net lending (+) or net borrowing (-) 		Q2 2026 -53,036 Millions of U.S. Dollars 67,574 Millions of U.S. Dollars -53,936 Millions of U.S. Dollars Mil. of U.S. $
line 8
Net acquisition of financial assets 		Q2 2026 138,355 Millions of U.S. Dollars 292,045 Millions of U.S. Dollars 172,961 Millions of U.S. Dollars Mil. of U.S. $
line 9
- Net increase in liabilities 		Q2 2026 160,679 Millions of U.S. Dollars 258,380 Millions of U.S. Dollars 183,649 Millions of U.S. Dollars Mil. of U.S. $
line 10
Proprietor’s net investment 		Q2 2026 30,733 Millions of U.S. Dollars -34,112 Millions of U.S. Dollars 43,198 Millions of U.S. Dollars Mil. of U.S. $
line 11
Holding gains on real estate 		Q2 2026 144,777 Millions of U.S. Dollars 184,312 Millions of U.S. Dollars 6,922 Millions of U.S. Dollars Mil. of U.S. $
line 12
Residential 		Q2 2026 141,238 Millions of U.S. Dollars 25,915 Millions of U.S. Dollars 57,700 Millions of U.S. Dollars Mil. of U.S. $
line 13
Nonresidential 		Q2 2026 3,539 Millions of U.S. Dollars 158,397 Millions of U.S. Dollars -50,778 Millions of U.S. Dollars Mil. of U.S. $
line 14
Holding gains on assets at current cost 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 15
Residential equipment 		Q2 2026 -738 Millions of U.S. Dollars -662 Millions of U.S. Dollars 2,762 Millions of U.S. Dollars Mil. of U.S. $
line 16
Nonresidential equipment 		Q2 2026 6,938 Millions of U.S. Dollars 37,420 Millions of U.S. Dollars -1,948 Millions of U.S. Dollars Mil. of U.S. $
line 17
Intellectual property products 		Q2 2026 -677 Millions of U.S. Dollars -970 Millions of U.S. Dollars -4,247 Millions of U.S. Dollars Mil. of U.S. $
line 18
Inventories 		Q2 2026 -24,266 Millions of U.S. Dollars 45,039 Millions of U.S. Dollars -897 Millions of U.S. Dollars Mil. of U.S. $
line 19
- Foreign direct investment in U.S. 		Q2 2026 6,278 Millions of U.S. Dollars -955 Millions of U.S. Dollars 4,353 Millions of U.S. Dollars Mil. of U.S. $
line 20
Other volume changes 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
Memo:
line 21
Net worth outstanding 		Q2 2026 16,560,224 Millions of U.S. Dollars 16,409,936 Millions of U.S. Dollars 15,890,696 Millions of U.S. Dollars Mil. of U.S. $
   

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