Annual

L.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/%
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    1945    
 
 
    2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Total financial assets 		2025 45,749,364 Millions of U.S. Dollars 41,917,199 Millions of U.S. Dollars 41,917,199 Millions of U.S. Dollars Mil. of U.S. $
line 2
Foreign deposits 		2025 192,270 Millions of U.S. Dollars 213,028 Millions of U.S. Dollars 213,028 Millions of U.S. Dollars Mil. of U.S. $
line 3
Checkable deposits and currency 		2025 2,790,557 Millions of U.S. Dollars 2,722,861 Millions of U.S. Dollars 2,722,861 Millions of U.S. Dollars Mil. of U.S. $
line 4
Time and savings deposits 		2025 1,942,417 Millions of U.S. Dollars 1,917,623 Millions of U.S. Dollars 1,917,623 Millions of U.S. Dollars Mil. of U.S. $
line 5
Money market fund shares 		2025 1,233,667 Millions of U.S. Dollars 1,104,255 Millions of U.S. Dollars 1,104,255 Millions of U.S. Dollars Mil. of U.S. $
line 6
Security repurchase agreements 		2025 72,090 Millions of U.S. Dollars 45,871 Millions of U.S. Dollars 45,871 Millions of U.S. Dollars Mil. of U.S. $
line 7
Debt securities 		2025 530,646 Millions of U.S. Dollars 498,549 Millions of U.S. Dollars 498,549 Millions of U.S. Dollars Mil. of U.S. $
line 8
Commercial paper 		2025 215,696 Millions of U.S. Dollars 206,558 Millions of U.S. Dollars 206,558 Millions of U.S. Dollars Mil. of U.S. $
line 9
Treasury securities 		2025 224,710 Millions of U.S. Dollars 208,754 Millions of U.S. Dollars 208,754 Millions of U.S. Dollars Mil. of U.S. $
line 10
Agency- and GSE-backed securities 		2025 44,660 Millions of U.S. Dollars 40,699 Millions of U.S. Dollars 40,699 Millions of U.S. Dollars Mil. of U.S. $
line 11
Municipal securities 		2025 31,687 Millions of U.S. Dollars 29,141 Millions of U.S. Dollars 29,141 Millions of U.S. Dollars Mil. of U.S. $
line 12
Loans 		2025 200,914 Millions of U.S. Dollars 201,625 Millions of U.S. Dollars 201,625 Millions of U.S. Dollars Mil. of U.S. $
line 13
Mortgages 		2025 200,914 Millions of U.S. Dollars 201,625 Millions of U.S. Dollars 201,625 Millions of U.S. Dollars Mil. of U.S. $
line 14
Consumer credit 		2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 15
Corporate equities 		2025 3,658,494 Millions of U.S. Dollars 3,260,492 Millions of U.S. Dollars 3,260,492 Millions of U.S. Dollars Mil. of U.S. $
line 16
Mutual fund shares 		2025 500,161 Millions of U.S. Dollars 404,454 Millions of U.S. Dollars 404,454 Millions of U.S. Dollars Mil. of U.S. $
line 17
Trade receivables 		2025 7,050,065 Millions of U.S. Dollars 6,554,357 Millions of U.S. Dollars 6,554,357 Millions of U.S. Dollars Mil. of U.S. $
line 18
U.S. direct investment abroad 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 19
Miscellaneous assets 		2025 17,287,329 Millions of U.S. Dollars 16,930,105 Millions of U.S. Dollars 16,930,105 Millions of U.S. Dollars Mil. of U.S. $
line 20
Total liabilities 		2025 43,759,506 Millions of U.S. Dollars 42,479,789 Millions of U.S. Dollars 42,479,789 Millions of U.S. Dollars Mil. of U.S. $
line 21
Debt securities 		2025 8,790,804 Millions of U.S. Dollars 8,518,518 Millions of U.S. Dollars 8,518,518 Millions of U.S. Dollars Mil. of U.S. $
line 22
Commercial paper 		2025 214,998 Millions of U.S. Dollars 196,313 Millions of U.S. Dollars 196,313 Millions of U.S. Dollars Mil. of U.S. $
line 23
Municipal securities 		2025 651,706 Millions of U.S. Dollars 636,425 Millions of U.S. Dollars 636,425 Millions of U.S. Dollars Mil. of U.S. $
line 24
Corporate bonds 		2025 7,393,738 Millions of U.S. Dollars 7,192,031 Millions of U.S. Dollars 7,192,031 Millions of U.S. Dollars Mil. of U.S. $
line 25
Loans 		2025 13,418,473 Millions of U.S. Dollars 12,945,474 Millions of U.S. Dollars 12,945,474 Millions of U.S. Dollars Mil. of U.S. $
line 26
Depository institution loans n.e.c. 		2025 2,869,386 Millions of U.S. Dollars 2,869,960 Millions of U.S. Dollars 2,869,960 Millions of U.S. Dollars Mil. of U.S. $
line 27
Other loans and advances 		2025 3,345,870 Millions of U.S. Dollars 3,137,292 Millions of U.S. Dollars 3,137,292 Millions of U.S. Dollars Mil. of U.S. $
line 28
Mortgages 		2025 7,203,217 Millions of U.S. Dollars 6,938,222 Millions of U.S. Dollars 6,938,222 Millions of U.S. Dollars Mil. of U.S. $
line 29
Trade payables 		2025 5,307,041 Millions of U.S. Dollars 4,838,711 Millions of U.S. Dollars 4,838,711 Millions of U.S. Dollars Mil. of U.S. $
line 30
Taxes payable 		2025 445,665 Millions of U.S. Dollars 479,394 Millions of U.S. Dollars 479,394 Millions of U.S. Dollars Mil. of U.S. $
line 31
Foreign direct investment in U.S. 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 32
Miscellaneous liabilities 		2025 15,480,917 Millions of U.S. Dollars 15,340,474 Millions of U.S. Dollars 15,340,474 Millions of U.S. Dollars Mil. of U.S. $
   

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