Annual

F89.1.t Taxes payable by businesses

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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    1946    
 
 
    2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Net change in liabilities 		2025 1,969,755 Millions of U.S. Dollars 593,022 Millions of U.S. Dollars 593,022 Millions of U.S. Dollars Mil. of U.S. $
line 2
Household sector 		2025 1,429 Millions of U.S. Dollars 158 Millions of U.S. Dollars 158 Millions of U.S. Dollars Mil. of U.S. $
line 3
Nonfinancial corporate business 		2025 627,147 Millions of U.S. Dollars -19,937 Millions of U.S. Dollars -19,937 Millions of U.S. Dollars Mil. of U.S. $
line 4
Nonfinancial noncorporate business 		2025 374,022 Millions of U.S. Dollars 242,687 Millions of U.S. Dollars 242,687 Millions of U.S. Dollars Mil. of U.S. $
line 5
Federal government 		2025 -202,842 Millions of U.S. Dollars -114,024 Millions of U.S. Dollars -114,024 Millions of U.S. Dollars Mil. of U.S. $
line 6
State and local governments 		2025 258,516 Millions of U.S. Dollars 261,591 Millions of U.S. Dollars 261,591 Millions of U.S. Dollars Mil. of U.S. $
line 7
Monetary authority 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 8
U.S.-chartered depository institutions 		2025 -13,429 Millions of U.S. Dollars 28,405 Millions of U.S. Dollars 28,405 Millions of U.S. Dollars Mil. of U.S. $
line 9
Foreign banking offices in U.S. 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 10
Banks in U.S.-affiliated areas 		2025 -5,433 Millions of U.S. Dollars 11,426 Millions of U.S. Dollars 11,426 Millions of U.S. Dollars Mil. of U.S. $
line 11
Credit unions 		2025 1,250 Millions of U.S. Dollars -49,325 Millions of U.S. Dollars -49,325 Millions of U.S. Dollars Mil. of U.S. $
line 12
Property-casualty insurance companies 		2025 93,497 Millions of U.S. Dollars 116,530 Millions of U.S. Dollars 116,530 Millions of U.S. Dollars Mil. of U.S. $
line 13
Life insurance companies 		2025 279,634 Millions of U.S. Dollars -8,893 Millions of U.S. Dollars -8,893 Millions of U.S. Dollars Mil. of U.S. $
line 14
Government-sponsored enterprises 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 15
Finance companies 		2025 93,359 Millions of U.S. Dollars 7,357 Millions of U.S. Dollars 7,357 Millions of U.S. Dollars Mil. of U.S. $
line 16
REITs 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 17
Brokers and dealers 		2025 257,471 Millions of U.S. Dollars 40,040 Millions of U.S. Dollars 40,040 Millions of U.S. Dollars Mil. of U.S. $
line 18
Holding companies 		2025 -4,470 Millions of U.S. Dollars 28,111 Millions of U.S. Dollars 28,111 Millions of U.S. Dollars Mil. of U.S. $
line 19
Funding corporations 		2025 119,497 Millions of U.S. Dollars 84,223 Millions of U.S. Dollars 84,223 Millions of U.S. Dollars Mil. of U.S. $
line 20
Rest of the world 		2025 49,935 Millions of U.S. Dollars -5,642 Millions of U.S. Dollars -5,642 Millions of U.S. Dollars Mil. of U.S. $
line 21
Net change in assets 		2025 1,853,956 Millions of U.S. Dollars 736,264 Millions of U.S. Dollars 736,264 Millions of U.S. Dollars Mil. of U.S. $
line 22
Household sector 		2025 71,813 Millions of U.S. Dollars 91,936 Millions of U.S. Dollars 91,936 Millions of U.S. Dollars Mil. of U.S. $
line 23
Nonfinancial corporate business 		2025 406,030 Millions of U.S. Dollars -128,997 Millions of U.S. Dollars -128,997 Millions of U.S. Dollars Mil. of U.S. $
line 24
Nonfinancial noncorporate business 		2025 406,587 Millions of U.S. Dollars 273,062 Millions of U.S. Dollars 273,062 Millions of U.S. Dollars Mil. of U.S. $
line 25
State and local governments 		2025 10,421 Millions of U.S. Dollars 10,584 Millions of U.S. Dollars 10,584 Millions of U.S. Dollars Mil. of U.S. $
line 26
Federal government 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 27
Monetary authority 		2025 872 Millions of U.S. Dollars 4,896 Millions of U.S. Dollars 4,896 Millions of U.S. Dollars Mil. of U.S. $
line 28
U.S.-chartered depository institutions 		2025 33,114 Millions of U.S. Dollars -16,436 Millions of U.S. Dollars -16,436 Millions of U.S. Dollars Mil. of U.S. $
line 29
Foreign banking offices in U.S. 		2025 13,502 Millions of U.S. Dollars -17,976 Millions of U.S. Dollars -17,976 Millions of U.S. Dollars Mil. of U.S. $
line 30
Banks in U.S.-affiliated areas 		2025 -2,602 Millions of U.S. Dollars -6,224 Millions of U.S. Dollars -6,224 Millions of U.S. Dollars Mil. of U.S. $
line 31
Credit unions 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 32
Property-casualty insurance companies 		2025 37,753 Millions of U.S. Dollars 38,316 Millions of U.S. Dollars 38,316 Millions of U.S. Dollars Mil. of U.S. $
line 33
Life insurance companies 		2025 170,068 Millions of U.S. Dollars 35,138 Millions of U.S. Dollars 35,138 Millions of U.S. Dollars Mil. of U.S. $
line 34
Private pension funds 		2025 108,975 Millions of U.S. Dollars 99,100 Millions of U.S. Dollars 99,100 Millions of U.S. Dollars Mil. of U.S. $
line 35
Federal government retirement funds 		2025 -262,276 Millions of U.S. Dollars -164,817 Millions of U.S. Dollars -164,817 Millions of U.S. Dollars Mil. of U.S. $
line 36
State and local govt. retirement funds 		2025 241,555 Millions of U.S. Dollars 239,505 Millions of U.S. Dollars 239,505 Millions of U.S. Dollars Mil. of U.S. $
line 37
Money market funds 		2025 -105,863 Millions of U.S. Dollars 46,444 Millions of U.S. Dollars 46,444 Millions of U.S. Dollars Mil. of U.S. $
line 38
Mutual funds 		2025 -27,959 Millions of U.S. Dollars -971 Millions of U.S. Dollars -971 Millions of U.S. Dollars Mil. of U.S. $
line 39
Exchange-traded funds 		2025 53,303 Millions of U.S. Dollars 3,805 Millions of U.S. Dollars 3,805 Millions of U.S. Dollars Mil. of U.S. $
line 40
Government-sponsored enterprises 		2025 14,319 Millions of U.S. Dollars 2,545 Millions of U.S. Dollars 2,545 Millions of U.S. Dollars Mil. of U.S. $
line 41
ABS issuers 		2025 59,311 Millions of U.S. Dollars 30,897 Millions of U.S. Dollars 30,897 Millions of U.S. Dollars Mil. of U.S. $
line 42
Finance companies 		2025 99,066 Millions of U.S. Dollars 58,117 Millions of U.S. Dollars 58,117 Millions of U.S. Dollars Mil. of U.S. $
line 43
REITs 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 44
Brokers and dealers 		2025 355,073 Millions of U.S. Dollars 97,118 Millions of U.S. Dollars 97,118 Millions of U.S. Dollars Mil. of U.S. $
line 45
Holding companies 		2025 118,600 Millions of U.S. Dollars 24,811 Millions of U.S. Dollars 24,811 Millions of U.S. Dollars Mil. of U.S. $
line 46
Funding corporations 		2025 25,961 Millions of U.S. Dollars -16,474 Millions of U.S. Dollars -16,474 Millions of U.S. Dollars Mil. of U.S. $
line 47
Rest of the world 		2025 0 Millions of U.S. Dollars -4,657 Millions of U.S. Dollars -4,657 Millions of U.S. Dollars Mil. of U.S. $
line 48
Discrepancy 		2025 115,799 Millions of U.S. Dollars -143,241 Millions of U.S. Dollars -143,241 Millions of U.S. Dollars Mil. of U.S. $
   

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