Federal Reserve Economic Data

Quarterly

L.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/.

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    Q4 1945    
 
 
    Q1 2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Total financial assets 		Q1 2025 33,204.266 Billions of Dollars 32,710.628 Billions of Dollars 31,892.780 Billions of Dollars Bil. of $
line 2
Foreign deposits 		Q1 2025 220.473 Billions of Dollars 212.191 Billions of Dollars 243.279 Billions of Dollars Bil. of $
line 3
Checkable deposits and currency 		Q1 2025 2,097.517 Billions of Dollars 2,155.070 Billions of Dollars 1,856.313 Billions of Dollars Bil. of $
line 4
Time and savings deposits 		Q1 2025 384.388 Billions of Dollars 421.028 Billions of Dollars 432.902 Billions of Dollars Bil. of $
line 5
Money market fund shares 		Q1 2025 979,720 Millions of Dollars 962,177 Millions of Dollars 872,970 Millions of Dollars Mil. of $
line 6
Security repurchase agreements 		Q1 2025 55.375 Billions of Dollars 44.457 Billions of Dollars 34.420 Billions of Dollars Bil. of $
line 7
Debt securities 		Q1 2025 418,672 Millions of Dollars 406,497 Millions of Dollars 408,018 Millions of Dollars Mil. of $
line 8
Commercial paper 		Q1 2025 217.348 Billions of Dollars 205.853 Billions of Dollars 218.706 Billions of Dollars Bil. of $
line 9
Treasury securities 		Q1 2025 123.306 Billions of Dollars 121.467 Billions of Dollars 111.041 Billions of Dollars Bil. of $
line 10
Agency- and GSE-backed securities 		Q1 2025 39.102 Billions of Dollars 40.489 Billions of Dollars 37.014 Billions of Dollars Bil. of $
line 11
Municipal securities 		Q1 2025 25.196 Billions of Dollars 25.300 Billions of Dollars 24.848 Billions of Dollars Bil. of $
line 12
Loans 		Q1 2025 179,926 Millions of Dollars 180,903 Millions of Dollars 175,959 Millions of Dollars Mil. of $
line 13
Mortgages 		Q1 2025 48.169 Billions of Dollars 48.114 Billions of Dollars 47.950 Billions of Dollars Bil. of $
line 14
Consumer credit 		Q1 2025 34.727 Billions of Dollars 35.740 Billions of Dollars 34.726 Billions of Dollars Bil. of $
line 15
Corporate equities 		Q1 2025 2,955,525 Millions of Dollars 3,196,379 Millions of Dollars 3,121,244 Millions of Dollars Mil. of $
line 16
Mutual fund shares 		Q1 2025 407.822 Billions of Dollars 404.454 Billions of Dollars 355.804 Billions of Dollars Bil. of $
line 17
Trade receivables 		Q1 2025 5,464.890 Billions of Dollars 5,307.661 Billions of Dollars 5,100.243 Billions of Dollars Bil. of $
line 18
U.S. direct investment abroad 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 19
Miscellaneous assets 		Q1 2025 11,334.705 Billions of Dollars 11,247.462 Billions of Dollars 11,039.978 Billions of Dollars Bil. of $
line 20
Insurance receivables 		Q1 2025 571,373 Millions of Dollars 557,824 Millions of Dollars 530,590 Millions of Dollars Mil. of $
line 21
Equity in GSEs 		Q1 2025 2,184 Millions of Dollars 2,076 Millions of Dollars 1,990 Millions of Dollars Mil. of $
line 22
Investment in finance company affiliates 		Q1 2025 155,385 Millions of Dollars 142,979 Millions of Dollars 144,389 Millions of Dollars Mil. of $
line 23
Other 		Q1 2025 10,607,947 Millions of Dollars 10,546,659 Millions of Dollars 10,364,999 Millions of Dollars Mil. of $
line 24
Total liabilities 		Q1 2025 30,135.284 Billions of Dollars 29,803.370 Billions of Dollars 29,367.966 Billions of Dollars Bil. of $
line 25
Debt securities 		Q1 2025 8,659,669 Millions of Dollars 8,502,228 Millions of Dollars 8,367,871 Millions of Dollars Mil. of $
line 26
Commercial paper 		Q1 2025 236.290 Billions of Dollars 196.313 Billions of Dollars 232.372 Billions of Dollars Bil. of $
line 27
Municipal securities 		Q1 2025 640.102 Billions of Dollars 633.740 Billions of Dollars 625.707 Billions of Dollars Bil. of $
line 28
Corporate bonds 		Q1 2025 7,287.735 Billions of Dollars 7,176.277 Billions of Dollars 7,025.212 Billions of Dollars Bil. of $
line 29
Loans 		Q1 2025 5,295,457 Millions of Dollars 5,251,934 Millions of Dollars 5,248,664 Millions of Dollars Mil. of $
line 30
Depository institution loans n.e.c. 		Q1 2025 1,154.731 Billions of Dollars 1,158.786 Billions of Dollars 1,256.556 Billions of Dollars Bil. of $
line 31
Other loans and advances 		Q1 2025 2,721.439 Billions of Dollars 2,677.904 Billions of Dollars 2,605.752 Billions of Dollars Bil. of $
line 32
Mortgages 		Q1 2025 1,419.287 Billions of Dollars 1,415.244 Billions of Dollars 1,386.356 Billions of Dollars Bil. of $
line 33
Trade payables 		Q1 2025 4,021.730 Billions of Dollars 3,951.730 Billions of Dollars 3,731.218 Billions of Dollars Bil. of $
line 34
Taxes payable 		Q1 2025 248,658 Millions of Dollars 225,452 Millions of Dollars 278,067 Millions of Dollars Mil. of $
line 35
Foreign direct investment in U.S. 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 36
Miscellaneous liabilities 		Q1 2025 11,555.604 Billions of Dollars 11,504.142 Billions of Dollars 11,410.333 Billions of Dollars Bil. of $
line 37
Pension fund contributions payable 		Q1 2025 74,554 Millions of Dollars 74,354 Millions of Dollars 73,708 Millions of Dollars Mil. of $
line 38
Claims of pension fund on sponsor 		Q1 2025 46,944 Millions of Dollars -51,442 Millions of Dollars 50,397 Millions of Dollars Mil. of $
line 39
Other 		Q1 2025 11,434,107 Millions of Dollars 11,481,231 Millions of Dollars 11,286,228 Millions of Dollars Mil. of $
Memo:
line 40
Market value of equities 		Q1 2025 59,201.997 Billions of Dollars 63,398.969 Billions of Dollars 57,214.450 Billions of Dollars Bil. of $
line 41
Total liquid assets 		Q1 2025 7,553,508 Millions of Dollars 7,842,927 Millions of Dollars 7,365,390 Millions of Dollars Mil. of $
line 42
Total short-term liabilities 		Q1 2025 8,382,848 Millions of Dollars 8,210,185 Millions of Dollars 8,103,965 Millions of Dollars Mil. of $
line 43
Liquid assets/short-term liabilities (percent) 		Q1 2025 90.10670 Percent 95.52680 Percent 90.88625 Percent %
line 44
Short-term debt/total debt (percent) 		Q1 2025 29.46917 Percent 29.32206 Percent 30.07138 Percent %
   

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