Annual

F.104 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/


   

Please select a date range

    1946    
 
 
    2025
Millions of U.S. Dollars
Line Name 2025 Preceding
Period
Year Ago
from Period
line 1
Gross saving = consumption of fixed capital
519,084 495,443 495,443
line 2
Gross saving less net capital transfers paid
527,133 504,340 504,340
line 3
Gross investment
527,133 504,340 504,340
line 4
Capital expenditures
625,219 628,762 628,762
line 5
Fixed investment
616,597 620,210 620,210
line 6
Change in inventories
8,622 8,552 8,552
line 7
Net lending (+) or net borrowing (-)
-98,085 -124,422 -124,422
line 8
Net acquisition of financial assets
251,081 251,224 251,224
line 9
Checkable deposits and currency
13,974 29,611 29,611
line 10
Time and savings deposits
41,520 36,513 36,513
line 11
Money market funds
3,935 3,461 3,461
line 12
Debt securities
-651 3,160 3,160
line 13
Treasury securities
-745 3,039 3,039
line 14
Municipal securities
94 121 121
line 15
Loans
1,565 1,378 1,378
line 16
Mortgages
1,565 1,378 1,378
line 17
Consumer credit
0 0 0
line 18
Trade receivables
33,827 29,749 29,749
line 19
Miscellaneous assets
156,292 146,505 146,505
line 20
Insurance receivables
8,515 19,202 19,202
line 21
Equity investment in GSEs
619 847 847
line 22
Other
147,777 127,303 127,303
line 23
Net increase in liabilities
397,878 302,981 302,981
line 24
Loans
249,739 193,926 193,926
line 25
Depository institution loans n.e.c.
19,929 8,613 8,613
line 26
Other loans and advances
24,173 25,481 25,481
line 27
Mortgages
205,637 159,832 159,832
line 28
Trade payables
32,295 26,486 26,486
line 29
Taxes payable
7,383 5,280 5,280
line 30
Foreign direct investment in U.S.
-229 -2,374 -2,374
line 31
Miscellaneous liabilities
108,539 77,600 77,600
line 32
Proprietors' net investment
-48,560 74,728 74,728
   

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