Federal Reserve Economic Data

Annual

L.120 State and Local Government Employee Retirement Funds


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/.

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Please select a date range

    1945    
 
 
    2024
Millions of Dollars
Line Name 2024 Preceding
Period
Year Ago
from Period
line 1
Total financial assets
9,472,177 9,217,820 9,217,820
line 2
Checkable deposits and currency
47,168 23,827 23,827
line 3
Time and savings deposits
0 2,258 2,258
line 4
Money market fund shares
23,614 17,416 17,416
line 5
Security repurchase agreements
94,756 57,970 57,970
line 6
Debt securities
1,273,724 1,095,843 1,095,843
line 7
Open market paper
12,180 11,599 11,599
line 8
Treasury securities
489,565 395,356 395,356
line 9
Agency- and GSE-backed securities
180,915 160,420 160,420
line 10
Municipal securities
0 0 0
line 11
Corporate and foreign bonds
591,064 528,468 528,468
line 12
Loans (mortgages)
5,310 4,725 4,725
line 13
Corporate equities
3,386,526 3,186,947 3,186,947
line 14
Mutual fund shares
224,413 241,238 241,238
line 15
Miscellaneous assets
4,416,666 4,587,596 4,587,596
line 16
Unallocated insurance contracts
305,383 288,780 288,780
line 17
Claims of pension fund on sponsor
2,949,651 3,193,625 3,193,625
line 18
Other
1,161,632 1,105,191 1,105,191
line 19
Pension entitlements (liabilities)
9,620,356 9,364,255 9,364,255
Memo:
Funded status of defined benefit plans:
line 20
Pension entitlements
9,128,788 8,907,469 8,907,469
line 21
Funded by assets
6,179,137 5,713,844 5,713,844
line 22
Unfunded (line 17)
2,949,651 3,193,625 3,193,625
Total financial assets
line 23
Defined benefit plans
8,980,609 8,761,034 8,761,034
line 24
Defined contribution plans
491,568 456,786 456,786
   

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