Quarterly

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/%
For questions on FRED functionality, please contact: https://fred.stlouisfed.org/contactus/
To easily map the Board series IDs to FRED series IDs, see the DDP-FRED Crosswalk available at: https://www.federalreserve.gov/data/data-download-fred-information.htm

   

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    Q4 1946    
 
 
    Q2 2026
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Net change in liabilities 		Q2 2026 3,774,169 Millions of U.S. Dollars 2,732,475 Millions of U.S. Dollars 2,998,251 Millions of U.S. Dollars Mil. of U.S. $
line 2
Household sector 		Q2 2026 -7,336 Millions of U.S. Dollars 18,820 Millions of U.S. Dollars -1,708 Millions of U.S. Dollars Mil. of U.S. $
line 3
Nonfinancial corporate business 		Q2 2026 1,463,013 Millions of U.S. Dollars 247,889 Millions of U.S. Dollars 335,955 Millions of U.S. Dollars Mil. of U.S. $
line 4
Nonfinancial noncorporate business 		Q2 2026 352,576 Millions of U.S. Dollars 616,016 Millions of U.S. Dollars 408,304 Millions of U.S. Dollars Mil. of U.S. $
line 5
Federal government 		Q2 2026 -273,572 Millions of U.S. Dollars 695,600 Millions of U.S. Dollars 576,811 Millions of U.S. Dollars Mil. of U.S. $
line 6
State and local governments 		Q2 2026 272,527 Millions of U.S. Dollars 272,577 Millions of U.S. Dollars 272,594 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 		Q2 2026 -5,139 Millions of U.S. Dollars 340,296 Millions of U.S. Dollars -211,432 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 		Q2 2026 -13,308 Millions of U.S. Dollars -24,720 Millions of U.S. Dollars -560 Millions of U.S. Dollars Mil. of U.S. $
line 11
Credit unions 		Q2 2026 -7,067 Millions of U.S. Dollars 36,383 Millions of U.S. Dollars -13,792 Millions of U.S. Dollars Mil. of U.S. $
line 12
Property-casualty insurance companies 		Q2 2026 268,908 Millions of U.S. Dollars 19,640 Millions of U.S. Dollars 155,952 Millions of U.S. Dollars Mil. of U.S. $
line 13
Life insurance companies 		Q2 2026 222,049 Millions of U.S. Dollars 56,840 Millions of U.S. Dollars 328,752 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 		Q2 2026 -133,030 Millions of U.S. Dollars -4,241 Millions of U.S. Dollars 145,372 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 		Q2 2026 1,410,043 Millions of U.S. Dollars 184,944 Millions of U.S. Dollars 697,680 Millions of U.S. Dollars Mil. of U.S. $
line 18
Holding companies 		Q2 2026 23,364 Millions of U.S. Dollars 25,552 Millions of U.S. Dollars 12,420 Millions of U.S. Dollars Mil. of U.S. $
line 19
Funding corporations 		Q2 2026 -511,210 Millions of U.S. Dollars -112,427 Millions of U.S. Dollars 128,581 Millions of U.S. Dollars Mil. of U.S. $
line 20
Rest of the world 		Q2 2026 189,716 Millions of U.S. Dollars 82,428 Millions of U.S. Dollars 44,200 Millions of U.S. Dollars Mil. of U.S. $
line 21
Net change in assets 		Q2 2026 4,768,514 Millions of U.S. Dollars 5,090,315 Millions of U.S. Dollars 3,810,264 Millions of U.S. Dollars Mil. of U.S. $
line 22
Household sector 		Q2 2026 311,237 Millions of U.S. Dollars 35,293 Millions of U.S. Dollars 80,484 Millions of U.S. Dollars Mil. of U.S. $
line 23
Nonfinancial corporate business 		Q2 2026 982,247 Millions of U.S. Dollars 2,060,592 Millions of U.S. Dollars 541,729 Millions of U.S. Dollars Mil. of U.S. $
line 24
Nonfinancial noncorporate business 		Q2 2026 321,456 Millions of U.S. Dollars 769,508 Millions of U.S. Dollars 433,160 Millions of U.S. Dollars Mil. of U.S. $
line 25
State and local governments 		Q2 2026 -21,184 Millions of U.S. Dollars -1,792 Millions of U.S. Dollars -5,384 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 		Q2 2026 3,124 Millions of U.S. Dollars -332 Millions of U.S. Dollars 2,982 Millions of U.S. Dollars Mil. of U.S. $
line 28
U.S.-chartered depository institutions 		Q2 2026 86,704 Millions of U.S. Dollars 536,615 Millions of U.S. Dollars 221,783 Millions of U.S. Dollars Mil. of U.S. $
line 29
Foreign banking offices in U.S. 		Q2 2026 -256 Millions of U.S. Dollars 136,368 Millions of U.S. Dollars 35,496 Millions of U.S. Dollars Mil. of U.S. $
line 30
Banks in U.S.-affiliated areas 		Q2 2026 4,672 Millions of U.S. Dollars -20,508 Millions of U.S. Dollars 288 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 		Q2 2026 177,075 Millions of U.S. Dollars -19,566 Millions of U.S. Dollars 26,828 Millions of U.S. Dollars Mil. of U.S. $
line 33
Life insurance companies 		Q2 2026 442,539 Millions of U.S. Dollars 91,496 Millions of U.S. Dollars 150,483 Millions of U.S. Dollars Mil. of U.S. $
line 34
Private pension funds 		Q2 2026 61,558 Millions of U.S. Dollars 132,493 Millions of U.S. Dollars -126,459 Millions of U.S. Dollars Mil. of U.S. $
line 35
Federal government retirement funds 		Q2 2026 -108,801 Millions of U.S. Dollars -11,293 Millions of U.S. Dollars 536,087 Millions of U.S. Dollars Mil. of U.S. $
line 36
State and local govt. retirement funds 		Q2 2026 213,848 Millions of U.S. Dollars 37,501 Millions of U.S. Dollars 702,542 Millions of U.S. Dollars Mil. of U.S. $
line 37
Money market funds 		Q2 2026 287,229 Millions of U.S. Dollars 634,432 Millions of U.S. Dollars 223,673 Millions of U.S. Dollars Mil. of U.S. $
line 38
Mutual funds 		Q2 2026 -151,905 Millions of U.S. Dollars -137,344 Millions of U.S. Dollars -54,264 Millions of U.S. Dollars Mil. of U.S. $
line 39
Exchange-traded funds 		Q2 2026 -18,268 Millions of U.S. Dollars 2,008 Millions of U.S. Dollars 32,968 Millions of U.S. Dollars Mil. of U.S. $
line 40
Government-sponsored enterprises 		Q2 2026 -30,480 Millions of U.S. Dollars 18,888 Millions of U.S. Dollars 14,668 Millions of U.S. Dollars Mil. of U.S. $
line 41
ABS issuers 		Q2 2026 39,740 Millions of U.S. Dollars 42,224 Millions of U.S. Dollars 84,248 Millions of U.S. Dollars Mil. of U.S. $
line 42
Finance companies 		Q2 2026 -124,772 Millions of U.S. Dollars 81,019 Millions of U.S. Dollars 143,552 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 		Q2 2026 1,984,068 Millions of U.S. Dollars 466,164 Millions of U.S. Dollars 616,988 Millions of U.S. Dollars Mil. of U.S. $
line 45
Holding companies 		Q2 2026 289,378 Millions of U.S. Dollars 303,964 Millions of U.S. Dollars 84,376 Millions of U.S. Dollars Mil. of U.S. $
line 46
Funding corporations 		Q2 2026 -59,316 Millions of U.S. Dollars -12,192 Millions of U.S. Dollars -2,284 Millions of U.S. Dollars Mil. of U.S. $
line 47
Rest of the world 		Q2 2026 6,004 Millions of U.S. Dollars -192 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 48
Discrepancy 		Q2 2026 -994,345 Millions of U.S. Dollars -2,357,841 Millions of U.S. Dollars -812,013 Millions of U.S. Dollars Mil. of U.S. $
   

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