Quarterly

F89.2.s Direct investment intercompany debt

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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    Q4 1945    
 
 
    Q1 2026
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Issues at market value 		Q1 2026 106,892,981 Millions of U.S. Dollars 110,183,023 Millions of U.S. Dollars 91,075,353 Millions of U.S. Dollars Mil. of U.S. $
line 2
Domestic sectors 		Q1 2026 91,857,203 Millions of U.S. Dollars 95,071,807 Millions of U.S. Dollars 78,660,054 Millions of U.S. Dollars Mil. of U.S. $
line 3
Nonfinancial corporate business 		Q1 2026 69,511,628 Millions of U.S. Dollars 71,863,086 Millions of U.S. Dollars 59,379,922 Millions of U.S. Dollars Mil. of U.S. $
line 4
Publicly traded 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 5
Closely held 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 6
Financial corporations 		Q1 2026 22,345,575 Millions of U.S. Dollars 23,208,721 Millions of U.S. Dollars 19,280,132 Millions of U.S. Dollars Mil. of U.S. $
line 7
Publicly traded 		Q1 2026 21,964,970 Millions of U.S. Dollars 22,836,376 Millions of U.S. Dollars 18,961,831 Millions of U.S. Dollars Mil. of U.S. $
line 8
Closely held 		Q1 2026 380,605 Millions of U.S. Dollars 372,345 Millions of U.S. Dollars 318,301 Millions of U.S. Dollars Mil. of U.S. $
line 9
Rest of the world 		Q1 2026 15,035,778 Millions of U.S. Dollars 15,111,216 Millions of U.S. Dollars 12,415,299 Millions of U.S. Dollars Mil. of U.S. $
line 10
Holdings at market value 		Q1 2026 106,892,981 Millions of U.S. Dollars 110,183,023 Millions of U.S. Dollars 91,075,353 Millions of U.S. Dollars Mil. of U.S. $
line 11
Household sector 		Q1 2026 44,963,857 Millions of U.S. Dollars 45,986,820 Millions of U.S. Dollars 38,347,816 Millions of U.S. Dollars Mil. of U.S. $
line 12
Nonfinancial corporate business 		Q1 2026 3,370,410 Millions of U.S. Dollars 3,585,860 Millions of U.S. Dollars 3,070,887 Millions of U.S. Dollars Mil. of U.S. $
line 13
Federal government 		Q1 2026 447,392 Millions of U.S. Dollars 414,213 Millions of U.S. Dollars 340,150 Millions of U.S. Dollars Mil. of U.S. $
line 14
State and local governments 		Q1 2026 145,068 Millions of U.S. Dollars 145,074 Millions of U.S. Dollars 138,805 Millions of U.S. Dollars Mil. of U.S. $
line 15
Monetary authority 		Q1 2026 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 16
U.S.-chartered depository institutions 		Q1 2026 96,063 Millions of U.S. Dollars 96,914 Millions of U.S. Dollars 81,210 Millions of U.S. Dollars Mil. of U.S. $
line 17
Foreign banking offices in U.S. 		Q1 2026 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 18
Property-casualty insurance companies 		Q1 2026 614,029 Millions of U.S. Dollars 613,251 Millions of U.S. Dollars 538,267 Millions of U.S. Dollars Mil. of U.S. $
line 19
Life insurance companies 		Q1 2026 787,363 Millions of U.S. Dollars 824,530 Millions of U.S. Dollars 783,743 Millions of U.S. Dollars Mil. of U.S. $
line 20
Private pension funds 		Q1 2026 5,172,167 Millions of U.S. Dollars 5,394,190 Millions of U.S. Dollars 4,210,048 Millions of U.S. Dollars Mil. of U.S. $
line 21
Federal government retirement funds 		Q1 2026 704,217 Millions of U.S. Dollars 733,963 Millions of U.S. Dollars 599,579 Millions of U.S. Dollars Mil. of U.S. $
line 22
State and local govt. retirement funds 		Q1 2026 3,625,108 Millions of U.S. Dollars 3,871,167 Millions of U.S. Dollars 3,285,271 Millions of U.S. Dollars Mil. of U.S. $
line 23
Mutual funds 		Q1 2026 16,470,282 Millions of U.S. Dollars 17,115,647 Millions of U.S. Dollars 14,991,816 Millions of U.S. Dollars Mil. of U.S. $
line 24
Closed-end funds 		Q1 2026 112,024 Millions of U.S. Dollars 112,175 Millions of U.S. Dollars 102,669 Millions of U.S. Dollars Mil. of U.S. $
line 25
Exchange-traded funds 		Q1 2026 10,755,679 Millions of U.S. Dollars 10,760,961 Millions of U.S. Dollars 8,249,228 Millions of U.S. Dollars Mil. of U.S. $
line 26
Brokers and dealers 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 27
Funding corporations 		Q1 2026 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 28
Rest of the world 		Q1 2026 19,443,233 Millions of U.S. Dollars 20,387,406 Millions of U.S. Dollars 16,187,191 Millions of U.S. Dollars Mil. of U.S. $
Memo:
line 29
Publicly traded equity at market value 		Q1 2026 79,673,843 Millions of U.S. Dollars 83,150,083 Millions of U.S. Dollars 67,587,295 Millions of U.S. Dollars Mil. of U.S. $
line 30
Closely held equity at market value 		Q1 2026 12,183,360 Millions of U.S. Dollars 11,921,724 Millions of U.S. Dollars 11,072,759 Millions of U.S. Dollars Mil. of U.S. $
line 31
S corporations 		Q1 2026 9,608,470 Millions of U.S. Dollars 9,361,756 Millions of U.S. Dollars 8,651,158 Millions of U.S. Dollars Mil. of U.S. $
line 32
C corporations 		Q1 2026 2,574,890 Millions of U.S. Dollars 2,559,968 Millions of U.S. Dollars 2,421,601 Millions of U.S. Dollars Mil. of U.S. $
line 33
Percent change in Dow Jones U.S. Total Market Index 		Q1 2026 -4.27973 Percent 2.04978 Percent -5.17871 Percent %
   

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