Federal Reserve Economic Data

Annual

F.103 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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Please select a date range

    1946    
 
 
    2024
Millions of Dollars
Line Name 2024 Preceding
Period
Year Ago
from Period
line 1
Profits before tax
2,874,746 2,589,067 2,589,067
line 2
- Taxes on corporate income
547,294 498,415 498,415
line 3
- Net dividends
1,371,308 1,341,693 1,341,693
line 4
+ Inventory valuation adjustment (IVA)
-15,601 29,818 29,818
line 5
+ Capital consumption allowance
2,115,926 2,077,157 2,077,157
line 6
+ Foreign earnings retained abroad
92,569 133,209 133,209
line 7
- Net Capital transfers paid
-6,120 -696 -696
line 8
= Gross savings less net capital transfers paid
3,155,157 2,989,838 2,989,838
line 9
Gross investment
2,918,902 3,025,229 3,025,229
line 10
Capital expenditures
2,981,586 2,842,206 2,842,206
line 11
Fixed investment
2,942,283 2,806,373 2,806,373
line 12
Inventory change + IVA
40,491 36,860 36,860
line 13
Nonproduced nonfinancial assets
-1,188 -1,028 -1,028
line 14
Net lending (+) or net borrowing (-)
-62,684 183,023 183,023
line 15
Net acquisition of financial assets
371,876 1,458,036 1,458,036
line 16
Foreign deposits
-33,585 44,770 44,770
line 17
Checkable deposits and currency
278,468 -86,525 -86,525
line 18
Time and savings deposits
-12,970 132,992 132,992
line 19
Money market fund shares
88,473 135,715 135,715
line 20
Security repurchase agreements
17,439 -3,075 -3,075
line 21
Debt securities
9,129 12,754 12,754
line 22
Commercial paper
-3,981 -7,038 -7,038
line 23
Treasury securities
12,327 19,883 19,883
line 24
Agency- and GSE-backed securities
3,299 6,633 6,633
line 25
Municipal securities
692 -4,087 -4,087
line 26
Loans
3,950 22,571 22,571
line 27
Mortgages
218 12,294 12,294
line 28
Consumer credit
-14 -23 -23
line 29
Corporate equities
-376,966 -87,165 -87,165
line 30
Mutual fund shares
41,880 -41,092 -41,092
line 31
Trade receivables
98,691 332,180 332,180
line 32
U.S. direct investment abroad
270,006 301,975 301,975
line 33
Miscellaneous assets
-12,901 685,789 685,789
line 34
Net increase in liabilities
580,104 1,624,791 1,624,791
line 35
Debt securities
264,831 225,949 225,949
line 36
Commercial paper
-21,646 20,406 20,406
line 37
Municipal securities
12,961 -1,343 -1,343
line 38
Corporate bonds
255,588 180,012 180,012
line 39
Loans
164,091 20,317 20,317
line 40
Depository institution loans n.e.c.
36,137 -11,316 -11,316
line 41
Other loans and advances
91,253 -19,718 -19,718
line 42
Mortgages
36,701 51,351 51,351
line 43
Corporate equities
-378,454 -621,305 -621,305
line 44
Trade payables
99,481 256,958 256,958
line 45
Taxes payable
-24,252 -15,893 -15,893
line 46
Foreign direct investment in U.S.
267,142 253,405 253,405
line 47
Miscellaneous liabilities
41,721 1,155,583 1,155,583
line 48
Pension fund contributions payable
1,071 36 36
line 49
Claims of pension fund on sponsor
84,828 132,817 132,817
line 50
Other
-44,178 1,022,729 1,022,729
line 51
Discrepancy
236,255 -35,390 -35,390
Memo:
line 52
Financing gap
-81,003 -14,424 -14,424
   

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