Quarterly

L.125 Government-Sponsored Enterprises (GSEs)


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/


   

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    Q4 1945    
 
 
    Q4 2025
Line Name Period Value Preceding
Period
Year Ago
from Period
Units
line 1
Total financial assets
Q4 2025 9,655,468 Millions of U.S. Dollars 9,625,985 Millions of U.S. Dollars 9,531,568 Millions of U.S. Dollars Mil. of U.S. $
line 2
Checkable deposits and currency
Q4 2025 21,507 Millions of U.S. Dollars 20,675 Millions of U.S. Dollars 23,837 Millions of U.S. Dollars Mil. of U.S. $
line 3
Time and savings deposits
Q4 2025 28,800 Millions of U.S. Dollars 29,460 Millions of U.S. Dollars 27,246 Millions of U.S. Dollars Mil. of U.S. $
line 4
Federal funds and security repos
Q4 2025 322,326 Millions of U.S. Dollars 344,423 Millions of U.S. Dollars 341,032 Millions of U.S. Dollars Mil. of U.S. $
line 5
Debt securities
Q4 2025 577,244 Millions of U.S. Dollars 571,584 Millions of U.S. Dollars 520,652 Millions of U.S. Dollars Mil. of U.S. $
line 6
Open market paper
Q4 2025 6,079 Millions of U.S. Dollars 6,492 Millions of U.S. Dollars 8,747 Millions of U.S. Dollars Mil. of U.S. $
line 7
Treasury securities
Q4 2025 246,461 Millions of U.S. Dollars 254,744 Millions of U.S. Dollars 223,991 Millions of U.S. Dollars Mil. of U.S. $
line 8
Agency- and GSE-backed securities
Q4 2025 303,174 Millions of U.S. Dollars 289,178 Millions of U.S. Dollars 271,241 Millions of U.S. Dollars Mil. of U.S. $
line 9
Municipal securities
Q4 2025 2,478 Millions of U.S. Dollars 2,459 Millions of U.S. Dollars 2,344 Millions of U.S. Dollars Mil. of U.S. $
line 10
Corporate and foreign bonds
Q4 2025 19,052 Millions of U.S. Dollars 18,711 Millions of U.S. Dollars 14,329 Millions of U.S. Dollars Mil. of U.S. $
line 11
Loans
Q4 2025 8,576,665 Millions of U.S. Dollars 8,535,888 Millions of U.S. Dollars 8,504,207 Millions of U.S. Dollars Mil. of U.S. $
line 12
Other loans and advances
Q4 2025 908,425 Millions of U.S. Dollars 913,507 Millions of U.S. Dollars 950,755 Millions of U.S. Dollars Mil. of U.S. $
line 13
Sallie Mae
Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 14
Farm Credit System
Q4 2025 242,453 Millions of U.S. Dollars 227,526 Millions of U.S. Dollars 224,828 Millions of U.S. Dollars Mil. of U.S. $
line 15
FHLB
Q4 2025 665,972 Millions of U.S. Dollars 685,981 Millions of U.S. Dollars 725,927 Millions of U.S. Dollars Mil. of U.S. $
line 16
Mortgages
Q4 2025 7,668,240 Millions of U.S. Dollars 7,622,381 Millions of U.S. Dollars 7,553,452 Millions of U.S. Dollars Mil. of U.S. $
line 17
Home
Q4 2025 6,784,925 Millions of U.S. Dollars 6,781,291 Millions of U.S. Dollars 6,769,223 Millions of U.S. Dollars Mil. of U.S. $
line 18
Consolidated trusts
Q4 2025 6,578,277 Millions of U.S. Dollars 6,584,707 Millions of U.S. Dollars 6,592,381 Millions of U.S. Dollars Mil. of U.S. $
line 19
Other
Q4 2025 206,648 Millions of U.S. Dollars 196,584 Millions of U.S. Dollars 176,842 Millions of U.S. Dollars Mil. of U.S. $
line 20
Multifamily residential
Q4 2025 678,222 Millions of U.S. Dollars 639,005 Millions of U.S. Dollars 591,039 Millions of U.S. Dollars Mil. of U.S. $
line 21
Consolidated trusts
Q4 2025 636,964 Millions of U.S. Dollars 604,512 Millions of U.S. Dollars 558,346 Millions of U.S. Dollars Mil. of U.S. $
line 22
Other
Q4 2025 41,258 Millions of U.S. Dollars 34,493 Millions of U.S. Dollars 32,693 Millions of U.S. Dollars Mil. of U.S. $
line 23
Farm
Q4 2025 205,093 Millions of U.S. Dollars 202,085 Millions of U.S. Dollars 193,190 Millions of U.S. Dollars Mil. of U.S. $
line 24
Consumer credit
Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 25
Miscellaneous assets
Q4 2025 128,926 Millions of U.S. Dollars 123,955 Millions of U.S. Dollars 114,594 Millions of U.S. Dollars Mil. of U.S. $
line 26
Total liabilities
Q4 2025 9,402,545 Millions of U.S. Dollars 9,361,581 Millions of U.S. Dollars 9,310,121 Millions of U.S. Dollars Mil. of U.S. $
line 27
Federal funds and security repos
Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 28
Debt securities (GSE issues)
Q4 2025 9,301,008 Millions of U.S. Dollars 9,263,855 Millions of U.S. Dollars 9,209,536 Millions of U.S. Dollars Mil. of U.S. $
line 29
Consolidated trusts
Q4 2025 7,215,241 Millions of U.S. Dollars 7,189,219 Millions of U.S. Dollars 7,150,727 Millions of U.S. Dollars Mil. of U.S. $
line 30
Other
Q4 2025 2,085,767 Millions of U.S. Dollars 2,074,636 Millions of U.S. Dollars 2,058,809 Millions of U.S. Dollars Mil. of U.S. $
line 31
Loans (U.S. government loans)
Q4 2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 32
Miscellaneous liabilities
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
   

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