Annual

B.104 Balance Sheet of Nonfinancial Noncorporate 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/.

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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    1945    
 
 
    2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Assets 		2025 29,829,736 Millions of U.S. Dollars 28,837,646 Millions of U.S. Dollars 28,837,646 Millions of U.S. Dollars Mil. of U.S. $
line 2
Nonfinancial assets 		2025 19,359,078 Millions of U.S. Dollars 19,015,521 Millions of U.S. Dollars 19,015,521 Millions of U.S. Dollars Mil. of U.S. $
line 3
Real estate 		2025 17,307,563 Millions of U.S. Dollars 17,029,727 Millions of U.S. Dollars 17,029,727 Millions of U.S. Dollars Mil. of U.S. $
line 4
Residential 		2025 10,408,364 Millions of U.S. Dollars 10,315,845 Millions of U.S. Dollars 10,315,845 Millions of U.S. Dollars Mil. of U.S. $
line 5
Nonresidential 		2025 6,899,199 Millions of U.S. Dollars 6,713,882 Millions of U.S. Dollars 6,713,882 Millions of U.S. Dollars Mil. of U.S. $
line 6
Equipment 		2025 1,167,364 Millions of U.S. Dollars 1,161,744 Millions of U.S. Dollars 1,161,744 Millions of U.S. Dollars Mil. of U.S. $
line 7
Residential 		2025 95,126 Millions of U.S. Dollars 89,946 Millions of U.S. Dollars 89,946 Millions of U.S. Dollars Mil. of U.S. $
line 8
Nonresidential 		2025 1,072,238 Millions of U.S. Dollars 1,071,798 Millions of U.S. Dollars 1,071,798 Millions of U.S. Dollars Mil. of U.S. $
line 9
Intellectual property products 		2025 510,257 Millions of U.S. Dollars 484,930 Millions of U.S. Dollars 484,930 Millions of U.S. Dollars Mil. of U.S. $
line 10
Inventories 		2025 373,894 Millions of U.S. Dollars 339,120 Millions of U.S. Dollars 339,120 Millions of U.S. Dollars Mil. of U.S. $
line 11
Financial assets 		2025 10,470,658 Millions of U.S. Dollars 9,822,125 Millions of U.S. Dollars 9,822,125 Millions of U.S. Dollars Mil. of U.S. $
line 12
Checkable deposits and currency 		2025 551,209 Millions of U.S. Dollars 518,346 Millions of U.S. Dollars 518,346 Millions of U.S. Dollars Mil. of U.S. $
line 13
Time and savings deposits 		2025 1,619,558 Millions of U.S. Dollars 1,518,558 Millions of U.S. Dollars 1,518,558 Millions of U.S. Dollars Mil. of U.S. $
line 14
Money market fund shares 		2025 153,630 Millions of U.S. Dollars 144,049 Millions of U.S. Dollars 144,049 Millions of U.S. Dollars Mil. of U.S. $
line 15
Debt securities 		2025 94,564 Millions of U.S. Dollars 88,666 Millions of U.S. Dollars 88,666 Millions of U.S. Dollars Mil. of U.S. $
line 16
Treasury securities 		2025 90,402 Millions of U.S. Dollars 84,764 Millions of U.S. Dollars 84,764 Millions of U.S. Dollars Mil. of U.S. $
line 17
Municipal securities 		2025 4,162 Millions of U.S. Dollars 3,902 Millions of U.S. Dollars 3,902 Millions of U.S. Dollars Mil. of U.S. $
line 18
Loans 		2025 58,108 Millions of U.S. Dollars 56,543 Millions of U.S. Dollars 56,543 Millions of U.S. Dollars Mil. of U.S. $
line 19
Mortgages 		2025 65,676 Millions of U.S. Dollars 61,579 Millions of U.S. Dollars 61,579 Millions of U.S. Dollars Mil. of U.S. $
line 20
Consumer credit 		2025 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars 0 Millions of U.S. Dollars Mil. of U.S. $
line 21
Trade receivables 		2025 1,409,298 Millions of U.S. Dollars 1,321,411 Millions of U.S. Dollars 1,321,411 Millions of U.S. Dollars Mil. of U.S. $
line 22
Miscellaneous assets 		2025 6,556,968 Millions of U.S. Dollars 6,150,381 Millions of U.S. Dollars 6,150,381 Millions of U.S. Dollars Mil. of U.S. $
line 23
Insurance receivables 		2025 200,265 Millions of U.S. Dollars 191,560 Millions of U.S. Dollars 191,560 Millions of U.S. Dollars Mil. of U.S. $
line 24
Equity investment in GSEs 		2025 19,755 Millions of U.S. Dollars 19,135 Millions of U.S. Dollars 19,135 Millions of U.S. Dollars Mil. of U.S. $
line 25
Other 		2025 6,356,703 Millions of U.S. Dollars 5,958,821 Millions of U.S. Dollars 5,958,821 Millions of U.S. Dollars Mil. of U.S. $
line 26
Liabilities 		2025 13,504,056 Millions of U.S. Dollars 12,808,162 Millions of U.S. Dollars 12,808,162 Millions of U.S. Dollars Mil. of U.S. $
line 27
Loans 		2025 8,026,667 Millions of U.S. Dollars 7,763,151 Millions of U.S. Dollars 7,763,151 Millions of U.S. Dollars Mil. of U.S. $
line 28
Depository institution loans n.e.c. 		2025 1,767,066 Millions of U.S. Dollars 1,732,857 Millions of U.S. Dollars 1,732,857 Millions of U.S. Dollars Mil. of U.S. $
line 29
Other loans and advances 		2025 537,054 Millions of U.S. Dollars 498,776 Millions of U.S. Dollars 498,776 Millions of U.S. Dollars Mil. of U.S. $
line 30
Mortgages 		2025 5,752,868 Millions of U.S. Dollars 5,541,907 Millions of U.S. Dollars 5,541,907 Millions of U.S. Dollars Mil. of U.S. $
line 31
Trade payables 		2025 870,259 Millions of U.S. Dollars 844,823 Millions of U.S. Dollars 844,823 Millions of U.S. Dollars Mil. of U.S. $
line 32
Taxes payable 		2025 257,051 Millions of U.S. Dollars 244,770 Millions of U.S. Dollars 244,770 Millions of U.S. Dollars Mil. of U.S. $
line 33
Foreign direct investment in U.S. 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 34
Miscellaneous liabilities 		2025 4,315,566 Millions of U.S. Dollars 3,941,544 Millions of U.S. Dollars 3,941,544 Millions of U.S. Dollars Mil. of U.S. $
line 35
Net worth 		2025 16,146,587 Millions of U.S. Dollars 15,908,615 Millions of U.S. Dollars 15,908,615 Millions of U.S. Dollars Mil. of U.S. $
Memo:
Replacement-cost value of structures:
line 36
Residential 		2025 5,747,438 Millions of U.S. Dollars 5,575,573 Millions of U.S. Dollars 5,575,573 Millions of U.S. Dollars Mil. of U.S. $
line 37
Nonresidential 		2025 3,452,526 Millions of U.S. Dollars 3,187,906 Millions of U.S. Dollars 3,187,906 Millions of U.S. Dollars Mil. of U.S. $
line 38
Debt/net worth (percent) (line 27/line 35) 		2025 49.35162 Percent 48.49526 Percent 48.49526 Percent %
   

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