Annual

F.102 Nonfinancial 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/


   

Please select a date range

    1946    
 
 
    2025
Millions of U.S. Dollars
Line Name 2025 Preceding
Period
Year Ago
from Period
line 1
Income before taxes
5,109,071 5,164,374 5,164,374
line 2
Gross saving less net capital transfers paid
3,690,688 3,455,498 3,455,498
line 3
Gross investment
3,415,974 3,322,188 3,322,188
line 4
Capital expenditures
3,703,479 3,584,818 3,584,818
line 5
Fixed investment
3,689,744 3,534,493 3,534,493
line 6
Residential
207,841 211,578 211,578
line 7
Nonresidential
3,481,903 3,322,915 3,322,915
line 8
Change in inventories
17,874 53,546 53,546
line 9
Nonproduced nonfinancial assets
-4,139 -3,220 -3,220
line 10
Net lending (+) or net borrowing (-)
-287,506 -262,630 -262,630
line 11
Net acquisition of financial assets
1,166,146 580,111 580,111
line 12
Foreign deposits
-20,758 -32,748 -32,748
line 13
Checkable deposits and currency
67,696 309,761 309,761
line 14
Time and savings deposits
24,794 20,990 20,990
line 15
Money market fund shares
129,412 91,934 91,934
line 16
Security repurchase agreements
26,219 18,853 18,853
line 17
Debt securities
23,113 14,245 14,245
line 18
Commercial paper
9,138 -3,276 -3,276
line 19
Treasury securities
8,654 15,956 15,956
line 20
Agency- and GSE-backed securities
3,029 3,497 3,497
line 21
Municipal securities
2,271 1,264 1,264
line 22
Loans
-712 5,261 5,261
line 23
Mortgages
-712 5,261 5,261
line 24
Consumer credit
0 0 0
line 25
Corporate equities
-108,232 -324,231 -324,231
line 26
Mutual fund shares
41,868 41,868 41,868
line 27
Trade receivables
495,708 117,987 117,987
line 28
U.S. direct investment abroad
141,414 247,806 247,806
line 29
Miscellaneous assets
344,919 67,377 67,377
line 30
Net increase in liabilities
1,539,464 942,274 942,274
line 31
Debt securities
272,286 266,202 266,202
line 32
Commercial paper
18,685 -21,646 -21,646
line 33
Municipal securities
15,281 13,056 13,056
line 34
Corporate bonds
201,707 259,013 259,013
line 35
Loans
548,942 376,548 376,548
line 36
Depository institution loans n.e.c.
119,375 45,415 45,415
line 37
Other loans and advances
164,284 136,678 136,678
line 38
Mortgages
265,283 194,455 194,455
line 39
Corporate equities
-332,964 -406,465 -406,465
line 40
Trade payables
468,330 130,381 130,381
line 41
Taxes payable
-33,729 -5,448 -5,448
line 42
Foreign direct investment in U.S.
281,172 255,583 255,583
line 43
Miscellaneous liabilities
298,175 151,212 151,212
line 44
Proprietors' net investment
-48,560 74,728 74,728
line 45
Discrepancy
274,714 133,310 133,310
   

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