Federal Reserve Economic Data

Quarterly Tables

S.3.q Households and Nonprofit Institutions Serving Households


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/


   

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    Q4 1945    
 
 
    Q2 2025
Line Name Period Value Preceding
Period
Year Ago
from Period
Units
Current account
line 1
Gross value added
Q2 2025 3,855,461 Millions of Dollars 3,813,708 Millions of Dollars 3,668,303 Millions of Dollars Mil. of $
line 2
Less: Consumption of fixed capital
Q2 2025 906,678 Millions of Dollars 900,960 Millions of Dollars 876,495 Millions of Dollars Mil. of $
line 3
Equals: Net value added
Q2 2025 2,948,783 Millions of Dollars 2,912,748 Millions of Dollars 2,791,808 Millions of Dollars Mil. of $
line 4
Compensation paid by households and NPISHs
Q2 2025 1,345,297 Millions of Dollars 1,335,003 Millions of Dollars 1,286,128 Millions of Dollars Mil. of $
line 5
Taxes on production and imports less subsidies
Q2 2025 276,716 Millions of Dollars 272,738 Millions of Dollars 267,911 Millions of Dollars Mil. of $
line 6
Operating surplus, net
Q2 2025 1,326,770 Millions of Dollars 1,305,007 Millions of Dollars 1,237,769 Millions of Dollars Mil. of $
line 7
Net national income/Balance of primary incomes, net
Q2 2025 22,255,984 Millions of Dollars 22,055,457 Millions of Dollars 21,387,851 Millions of Dollars Mil. of $
line 8
Operating surplus, net
Q2 2025 1,326,770 Millions of Dollars 1,305,007 Millions of Dollars 1,237,769 Millions of Dollars Mil. of $
line 9
Compensation of employees (received)
Q2 2025 15,666,851 Millions of Dollars 15,475,986 Millions of Dollars 14,945,626 Millions of Dollars Mil. of $
line 10
Wages and salaries
Q2 2025 12,918,579 Millions of Dollars 12,767,010 Millions of Dollars 12,343,029 Millions of Dollars Mil. of $
line 11
Employers’ social contributions
Q2 2025 2,748,272 Millions of Dollars 2,708,976 Millions of Dollars 2,602,597 Millions of Dollars Mil. of $
line 12
Property income received, net
Q2 2025 5,262,363 Millions of Dollars 5,274,464 Millions of Dollars 5,204,456 Millions of Dollars Mil. of $
line 13
Net national income/Balance of primary incomes, net
Q2 2025 22,255,984 Millions of Dollars 22,055,457 Millions of Dollars 21,387,851 Millions of Dollars Mil. of $
line 14
Less: Current taxes on income, wealth, etc. (paid)
Q2 2025 3,244,340 Millions of Dollars 3,192,334 Millions of Dollars 3,005,389 Millions of Dollars Mil. of $
line 15
Plus: Social benefits (received)
Q2 2025 4,780,561 Millions of Dollars 4,628,623 Millions of Dollars 4,380,051 Millions of Dollars Mil. of $
line 16
Less: Social contributions (paid)
Q2 2025 1,975,458 Millions of Dollars 1,955,252 Millions of Dollars 1,889,868 Millions of Dollars Mil. of $
line 17
Plus: Other current transfers (received)
Q2 2025 143,314 Millions of Dollars 148,014 Millions of Dollars 132,281 Millions of Dollars Mil. of $
line 18
Less: Other current transfers (paid)
Q2 2025 270,347 Millions of Dollars 259,523 Millions of Dollars 261,105 Millions of Dollars Mil. of $
line 19
Equals: Disposable income, net
Q2 2025 21,689,714 Millions of Dollars 21,424,985 Millions of Dollars 20,743,821 Millions of Dollars Mil. of $
line 20
Less: Final consumption expenditures
Q2 2025 20,643,893 Millions of Dollars 20,461,602 Millions of Dollars 19,682,699 Millions of Dollars Mil. of $
line 21
Equals: Net saving
Q2 2025 1,045,821 Millions of Dollars 963,383 Millions of Dollars 1,061,122 Millions of Dollars Mil. of $
Capital account
line 22
Net saving less capital transfers
Q2 2025 1,021,180 Millions of Dollars 1,040,915 Millions of Dollars 1,086,704 Millions of Dollars Mil. of $
line 23
Net saving
Q2 2025 1,045,821 Millions of Dollars 963,383 Millions of Dollars 1,061,122 Millions of Dollars Mil. of $
line 24
Less: Capital transfers paid (net)
Q2 2025 24,641 Millions of Dollars -77,532 Millions of Dollars -25,582 Millions of Dollars Mil. of $
line 25
Capital formation, net
Q2 2025 368,947 Millions of Dollars 380,169 Millions of Dollars 363,916 Millions of Dollars Mil. of $
line 26
Gross fixed capital formation, excluding consumer durables
Q2 2025 1,289,641 Millions of Dollars 1,294,798 Millions of Dollars 1,254,049 Millions of Dollars Mil. of $
line 27
Residential
Q2 2025 983,589 Millions of Dollars 992,480 Millions of Dollars 965,867 Millions of Dollars Mil. of $
line 28
Nonresidential (nonprofit organizations)
Q2 2025 306,052 Millions of Dollars 302,318 Millions of Dollars 288,182 Millions of Dollars Mil. of $
line 29
Less: Consumption of fixed capital
Q2 2025 906,678 Millions of Dollars 900,960 Millions of Dollars 876,495 Millions of Dollars Mil. of $
line 30
Acquisition of nonproduced nonfinancial assets
Q2 2025 -14,016 Millions of Dollars -13,669 Millions of Dollars -13,638 Millions of Dollars Mil. of $
line 31
Net lending (+) or borrowing (-), capital account (lines 22-25)
Q2 2025 652,233 Millions of Dollars 660,746 Millions of Dollars 722,788 Millions of Dollars Mil. of $
Financial account
line 32
Net lending (+) or borrowing (-) (line 31)
Q2 2025 652,233 Millions of Dollars 660,746 Millions of Dollars 722,788 Millions of Dollars Mil. of $
line 33
Net acquisition of financial assets
Q2 2025 1,115,934 Millions of Dollars 2,957,844 Millions of Dollars 2,240,424 Millions of Dollars Mil. of $
line 34
Currency and deposits
Q2 2025 860,845 Millions of Dollars 917,049 Millions of Dollars -98,661 Millions of Dollars Mil. of $
line 35
Currency and transferable deposits
Q2 2025 514,112 Millions of Dollars 869,493 Millions of Dollars -450,581 Millions of Dollars Mil. of $
line 36
Foreign deposits
Q2 2025 1,186 Millions of Dollars 3,088 Millions of Dollars 4,548 Millions of Dollars Mil. of $
line 37
Time and savings deposits
Q2 2025 345,547 Millions of Dollars 44,468 Millions of Dollars 347,372 Millions of Dollars Mil. of $
line 38
Postal savings system deposits
Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 39
Debt securities
Q2 2025 -20,929 Millions of Dollars -77,923 Millions of Dollars 709,467 Millions of Dollars Mil. of $
line 40
Treasury securities
Q2 2025 292,764 Millions of Dollars 260,681 Millions of Dollars 439,789 Millions of Dollars Mil. of $
line 41
Agency- and GSE-backed securities
Q2 2025 -125,868 Millions of Dollars -429,141 Millions of Dollars 51,335 Millions of Dollars Mil. of $
line 42
Municipal securities
Q2 2025 264,230 Millions of Dollars 95,584 Millions of Dollars 231,603 Millions of Dollars Mil. of $
line 43
Corporate and foreign bonds
Q2 2025 -452,055 Millions of Dollars -5,047 Millions of Dollars -13,261 Millions of Dollars Mil. of $
line 44
Loans
Q2 2025 73,118 Millions of Dollars 356,048 Millions of Dollars -160,419 Millions of Dollars Mil. of $
line 45
Short term
Q2 2025 77,454 Millions of Dollars 361,004 Millions of Dollars -157,487 Millions of Dollars Mil. of $
line 46
Long term (mortgages)
Q2 2025 -4,336 Millions of Dollars -4,956 Millions of Dollars -2,932 Millions of Dollars Mil. of $
line 47
Equity and investment fund shares
Q2 2025 -323,799 Millions of Dollars 1,315,520 Millions of Dollars 1,169,992 Millions of Dollars Mil. of $
line 48
Corporate equities
Q2 2025 -207,488 Millions of Dollars 1,078,929 Millions of Dollars 1,198,088 Millions of Dollars Mil. of $
line 49
Mutual fund shares
Q2 2025 -319,610 Millions of Dollars -386,891 Millions of Dollars -492,866 Millions of Dollars Mil. of $
line 50
Money market fund shares
Q2 2025 287,374 Millions of Dollars 613,170 Millions of Dollars 427,099 Millions of Dollars Mil. of $
line 51
Equity in noncorporate business
Q2 2025 -84,076 Millions of Dollars 10,312 Millions of Dollars 37,670 Millions of Dollars Mil. of $
line 52
Equity investment under Public-Private Inv. Program
Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 53
Insurance, pension and standardized guarantee schemes
Q2 2025 492,119 Millions of Dollars 412,569 Millions of Dollars 585,173 Millions of Dollars Mil. of $
line 54
Insurance receivables due from property-casualty insurance companies
Q2 2025 41,608 Millions of Dollars 80,420 Millions of Dollars 78,716 Millions of Dollars Mil. of $
line 55
Life insurance reserves
Q2 2025 73,620 Millions of Dollars 47,088 Millions of Dollars 49,928 Millions of Dollars Mil. of $
line 56
Pension entitlements
Q2 2025 345,099 Millions of Dollars 267,396 Millions of Dollars 447,854 Millions of Dollars Mil. of $
line 57
Non-life insurance reserves at life insurance companies
Q2 2025 15,388 Millions of Dollars -112 Millions of Dollars -19,948 Millions of Dollars Mil. of $
line 58
Retiree Health Care Funds
Q2 2025 16,404 Millions of Dollars 17,777 Millions of Dollars 28,623 Millions of Dollars Mil. of $
line 59
Other accounts receivable (trade receivables)
Q2 2025 34,580 Millions of Dollars 34,580 Millions of Dollars 34,872 Millions of Dollars Mil. of $
line 60
Net incurrence of liabilities
Q2 2025 798,962 Millions of Dollars 407,828 Millions of Dollars 595,954 Millions of Dollars Mil. of $
line 61
Debt securities (municipals)
Q2 2025 23,248 Millions of Dollars 8,264 Millions of Dollars 14,308 Millions of Dollars Mil. of $
line 62
Loans
Q2 2025 747,378 Millions of Dollars 357,848 Millions of Dollars 551,530 Millions of Dollars Mil. of $
line 63
Short term
Q2 2025 296,969 Millions of Dollars 43,446 Millions of Dollars 119,091 Millions of Dollars Mil. of $
line 64
Consumer credit
Q2 2025 140,349 Millions of Dollars 58,298 Millions of Dollars 53,335 Millions of Dollars Mil. of $
line 65
Depository institution loans n.e.c.
Q2 2025 696 Millions of Dollars -19,892 Millions of Dollars -14,920 Millions of Dollars Mil. of $
line 66
Other loans and advances
Q2 2025 155,924 Millions of Dollars 5,040 Millions of Dollars 80,676 Millions of Dollars Mil. of $
line 67
Long term (mortgages)
Q2 2025 450,409 Millions of Dollars 314,402 Millions of Dollars 432,439 Millions of Dollars Mil. of $
line 68
Insurance, pension and standardized guarantee schemes
Q2 2025 -1,708 Millions of Dollars 11,672 Millions of Dollars 224 Millions of Dollars Mil. of $
line 69
Other accounts payable (trade debt)
Q2 2025 30,044 Millions of Dollars 30,044 Millions of Dollars 29,892 Millions of Dollars Mil. of $
Addendum:
line 70
Net lending (+) or borrowing (-), financial account (lines 33-60)
Q2 2025 316,971 Millions of Dollars 2,550,016 Millions of Dollars 1,644,470 Millions of Dollars Mil. of $
Other changes in volume account
line 71
Total other volume changes
Q2 2025 -16,773 Millions of Dollars 376,570 Millions of Dollars -116,531 Millions of Dollars Mil. of $
line 72
Net investment in consumer durable goods
Q2 2025 90,079 Millions of Dollars 89,313 Millions of Dollars 83,612 Millions of Dollars Mil. of $
line 73
Disaster losses
Q2 2025 3,504 Millions of Dollars -25,583 Millions of Dollars 3,410 Millions of Dollars Mil. of $
line 74
Other volume changes
Q2 2025 209,151 Millions of Dollars -1,753 Millions of Dollars -217,969 Millions of Dollars Mil. of $
line 75
Less: Statistical discrepancy ((lines 31-70)/4)
Q2 2025 319,507 Millions of Dollars -314,593 Millions of Dollars -14,416 Millions of Dollars Mil. of $
Revaluation account
line 76
Nonfinancial assets
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 77
Real estate
Q2 2025 1,152,195 Millions of Dollars -273,113 Millions of Dollars 1,759,837 Millions of Dollars Mil. of $
line 78
Consumer durable goods
Q2 2025 81,584 Millions of Dollars 35,966 Millions of Dollars -34,028 Millions of Dollars Mil. of $
line 79
Equipment
Q2 2025 5,730 Millions of Dollars 2,073 Millions of Dollars 3,830 Millions of Dollars Mil. of $
line 80
Intellectual property products
Q2 2025 -240 Millions of Dollars 962 Millions of Dollars 2,897 Millions of Dollars Mil. of $
line 81
Financial assets
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 82
Debt securities
Q2 2025 -6,623 Millions of Dollars 54,534 Millions of Dollars -14,296 Millions of Dollars Mil. of $
line 83
Corporate equities
Q2 2025 3,704,965 Millions of Dollars -1,793,747 Millions of Dollars 802,595 Millions of Dollars Mil. of $
line 84
Mutual fund shares
Q2 2025 911,610 Millions of Dollars -203,455 Millions of Dollars 131,512 Millions of Dollars Mil. of $
line 85
Equity in noncorporate business
Q2 2025 -5,548 Millions of Dollars -13,350 Millions of Dollars 133,052 Millions of Dollars Mil. of $
line 86
Equity investment under Public-Private Inv. Program
Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 87
Insurance, pension and standardized guarantee schemes
Q2 2025 1,016,713 Millions of Dollars -330,635 Millions of Dollars 186,518 Millions of Dollars Mil. of $
line 88
Changes in net worth due to nominal holding gains/losses
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
Changes in balance sheet account
line 89
Change in net worth ((lines 25+31)/4 + lines 71+88)
Q2 2025 7,086,227 Millions of Dollars -1,726,053 Millions of Dollars 3,104,488 Millions of Dollars Mil. of $
Balance sheet account (end of period)
line 90
Total assets
Q2 2025 197,279.525 Billions of Dollars 190,010.236 Billions of Dollars 186,833.648 Billions of Dollars Bil. of $
line 91
Nonfinancial assets
Q2 2025 62,689,730 Millions of Dollars 61,267,772 Millions of Dollars 61,799,532 Millions of Dollars Mil. of $
line 92
Real estate
Q2 2025 53,224.213 Billions of Dollars 51,988.584 Billions of Dollars 52,855.140 Billions of Dollars Bil. of $
line 93
Consumer durable goods
Q2 2025 8,471,120 Millions of Dollars 8,299,458 Millions of Dollars 8,002,750 Millions of Dollars Mil. of $
line 94
Equipment
Q2 2025 709,595 Millions of Dollars 697,856 Millions of Dollars 674,838 Millions of Dollars Mil. of $
line 95
Intellectual property products
Q2 2025 284,802 Millions of Dollars 281,874 Millions of Dollars 266,804 Millions of Dollars Mil. of $
line 96
Financial assets
Q2 2025 134,589.795 Billions of Dollars 128,742.464 Billions of Dollars 125,034.116 Billions of Dollars Bil. of $
line 97
Currency and deposits
Q2 2025 14,794,866 Millions of Dollars 14,807,951 Millions of Dollars 14,270,077 Millions of Dollars Mil. of $
line 98
Currency and transferable deposits
Q2 2025 4,890.857 Billions of Dollars 4,884.860 Billions of Dollars 4,517.117 Billions of Dollars Bil. of $
line 99
Foreign deposits
Q2 2025 57,663 Millions of Dollars 57,367 Millions of Dollars 54,331 Millions of Dollars Mil. of $
line 100
Time and savings deposits
Q2 2025 9,846.346 Billions of Dollars 9,865.724 Billions of Dollars 9,698.629 Billions of Dollars Bil. of $
line 101
Postal savings system deposits
Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 102
Debt securities
Q2 2025 5,876,576 Millions of Dollars 5,783,696 Millions of Dollars 5,600,075 Millions of Dollars Mil. of $
line 103
Treasury securities
Q2 2025 2,751,044 Millions of Dollars 2,692,708 Millions of Dollars 2,498,453 Millions of Dollars Mil. of $
line 104
Agency- and GSE-backed securities
Q2 2025 909,786 Millions of Dollars 908,925 Millions of Dollars 948,195 Millions of Dollars Mil. of $
line 105
Municipal securities
Q2 2025 1,971,999 Millions of Dollars 1,940,605 Millions of Dollars 1,918,440 Millions of Dollars Mil. of $
line 106
Corporate and foreign bonds
Q2 2025 243,747 Millions of Dollars 241,458 Millions of Dollars 234,987 Millions of Dollars Mil. of $
line 107
Loans
Q2 2025 1,216,025 Millions of Dollars 1,224,792 Millions of Dollars 1,333,764 Millions of Dollars Mil. of $
line 108
Short term
Q2 2025 1,147,967 Millions of Dollars 1,155,650 Millions of Dollars 1,261,124 Millions of Dollars Mil. of $
line 109
Long term (mortgages)
Q2 2025 68.058 Billions of Dollars 69.142 Billions of Dollars 72.640 Billions of Dollars Bil. of $
line 110
Equity and investment fund shares
Q2 2025 74,949,481 Millions of Dollars 70,319,583 Millions of Dollars 67,896,303 Millions of Dollars Mil. of $
line 111
Corporate equities
Q2 2025 41,789.781 Billions of Dollars 38,056.012 Billions of Dollars 36,284.023 Billions of Dollars Bil. of $
line 112
Mutual fund shares
Q2 2025 12,758.887 Billions of Dollars 11,920.203 Billions of Dollars 11,893.040 Billions of Dollars Bil. of $
line 113
Money market fund shares
Q2 2025 4,876.475 Billions of Dollars 4,820.097 Billions of Dollars 4,194.263 Billions of Dollars Bil. of $
line 114
Equity in noncorporate business
Q2 2025 15,524,338 Millions of Dollars 15,523,271 Millions of Dollars 15,524,977 Millions of Dollars Mil. of $
line 115
Equity investment under Public-Private Inv. Program
Q2 2025 0 Millions of Dollars 0 Millions of Dollars 0 Millions of Dollars Mil. of $
line 116
Insurance, pension and standardized guarantee schemes
Q2 2025 37,291,615 Millions of Dollars 36,153,855 Millions of Dollars 35,507,391 Millions of Dollars Mil. of $
line 117
Insurance receivables due from property-casualty insurance companies
Q2 2025 863,066 Millions of Dollars 852,664 Millions of Dollars 810,224 Millions of Dollars Mil. of $
line 118
Life insurance reserves
Q2 2025 2,214.409 Billions of Dollars 2,165.076 Billions of Dollars 2,121.666 Billions of Dollars Bil. of $
line 119
Pension entitlements
Q2 2025 33,334,110 Millions of Dollars 32,261,900 Millions of Dollars 31,728,600 Millions of Dollars Mil. of $
line 120
Non-life insurance reserves at life insurance companies
Q2 2025 441,096 Millions of Dollars 436,614 Millions of Dollars 430,778 Millions of Dollars Mil. of $
line 121
Retiree Health Care Funds
Q2 2025 438,934 Millions of Dollars 437,601 Millions of Dollars 416,123 Millions of Dollars Mil. of $
line 122
Other accounts receivable (trade receivables)
Q2 2025 461,232 Millions of Dollars 452,587 Millions of Dollars 426,506 Millions of Dollars Mil. of $
line 123
Total liabilities and net worth
Q2 2025 197,279,525 Millions of Dollars 190,010,236 Millions of Dollars 186,833,648 Millions of Dollars Mil. of $
line 124
Liabilities
Q2 2025 20,986.621 Billions of Dollars 20,803.559 Billions of Dollars 20,674.146 Billions of Dollars Bil. of $
line 125
Debt securities (municipals)
Q2 2025 223.060 Billions of Dollars 217.248 Billions of Dollars 212.835 Billions of Dollars Bil. of $
line 126
Loans
Q2 2025 20,148,926 Millions of Dollars 19,978,760 Millions of Dollars 19,877,645 Millions of Dollars Mil. of $
line 127
Short term
Q2 2025 6,135,354 Millions of Dollars 6,075,853 Millions of Dollars 6,245,057 Millions of Dollars Mil. of $
line 128
Consumer credit
Q2 2025 4,997.731 Billions of Dollars 4,965.385 Billions of Dollars 4,980.877 Billions of Dollars Bil. of $
line 129
Depository institution loans n.e.c.
Q2 2025 270.123 Billions of Dollars 281.949 Billions of Dollars 482.576 Billions of Dollars Bil. of $
line 130
Other loans and advances
Q2 2025 867.500 Billions of Dollars 828.519 Billions of Dollars 781.604 Billions of Dollars Bil. of $
line 131
Long term (mortgages)
Q2 2025 14,013,572 Millions of Dollars 13,902,907 Millions of Dollars 13,632,588 Millions of Dollars Mil. of $
line 132
Insurance, pension and standardized guarantee schemes
Q2 2025 42.021 Billions of Dollars 42.448 Billions of Dollars 41.020 Billions of Dollars Bil. of $
line 133
Other accounts payable (trade debt)
Q2 2025 572,614 Millions of Dollars 565,103 Millions of Dollars 542,646 Millions of Dollars Mil. of $
line 134
Net worth
Q2 2025 176,292.904 Billions of Dollars 169,206.677 Billions of Dollars 166,159.502 Billions of Dollars Bil. of $
   

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