Quarterly

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/

   

Please select a date range

    Q4 1945    
 
 
    Q3 2025
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Assets 		Q3 2025 28,550,796 Millions of U.S. Dollars 28,347,243 Millions of U.S. Dollars 28,045,697 Millions of U.S. Dollars Mil. of U.S. $
line 2
Nonfinancial assets 		Q3 2025 19,163,345 Millions of U.S. Dollars 19,031,409 Millions of U.S. Dollars 18,901,881 Millions of U.S. Dollars Mil. of U.S. $
line 3
Real estate 		Q3 2025 17,098,614 Millions of U.S. Dollars 17,024,935 Millions of U.S. Dollars 16,942,818 Millions of U.S. Dollars Mil. of U.S. $
line 4
Residential 		Q3 2025 10,384,239 Millions of U.S. Dollars 10,448,288 Millions of U.S. Dollars 10,292,010 Millions of U.S. Dollars Mil. of U.S. $
line 5
Nonresidential 		Q3 2025 6,714,375 Millions of U.S. Dollars 6,576,647 Millions of U.S. Dollars 6,650,808 Millions of U.S. Dollars Mil. of U.S. $
line 6
Equipment 		Q3 2025 1,164,543 Millions of U.S. Dollars 1,156,383 Millions of U.S. Dollars 1,157,375 Millions of U.S. Dollars Mil. of U.S. $
line 7
Residential 		Q3 2025 94,102 Millions of U.S. Dollars 92,739 Millions of U.S. Dollars 90,239 Millions of U.S. Dollars Mil. of U.S. $
line 8
Nonresidential 		Q3 2025 1,070,441 Millions of U.S. Dollars 1,063,644 Millions of U.S. Dollars 1,067,136 Millions of U.S. Dollars Mil. of U.S. $
line 9
Intellectual property products 		Q3 2025 499,992 Millions of U.S. Dollars 492,039 Millions of U.S. Dollars 472,313 Millions of U.S. Dollars Mil. of U.S. $
line 10
Inventories 		Q3 2025 400,196 Millions of U.S. Dollars 358,052 Millions of U.S. Dollars 329,375 Millions of U.S. Dollars Mil. of U.S. $
line 11
Financial assets 		Q3 2025 9,387,451 Millions of U.S. Dollars 9,315,834 Millions of U.S. Dollars 9,143,816 Millions of U.S. Dollars Mil. of U.S. $
line 12
Checkable deposits and currency 		Q3 2025 537,041 Millions of U.S. Dollars 532,429 Millions of U.S. Dollars 520,553 Millions of U.S. Dollars Mil. of U.S. $
line 13
Time and savings deposits 		Q3 2025 1,525,803 Millions of U.S. Dollars 1,514,497 Millions of U.S. Dollars 1,487,791 Millions of U.S. Dollars Mil. of U.S. $
line 14
Money market fund shares 		Q3 2025 144,604 Millions of U.S. Dollars 143,532 Millions of U.S. Dollars 141,002 Millions of U.S. Dollars Mil. of U.S. $
line 15
Debt securities 		Q3 2025 91,651 Millions of U.S. Dollars 90,955 Millions of U.S. Dollars 89,347 Millions of U.S. Dollars Mil. of U.S. $
line 16
Treasury securities 		Q3 2025 88,199 Millions of U.S. Dollars 87,530 Millions of U.S. Dollars 85,983 Millions of U.S. Dollars Mil. of U.S. $
line 17
Municipal securities 		Q3 2025 3,452 Millions of U.S. Dollars 3,425 Millions of U.S. Dollars 3,364 Millions of U.S. Dollars Mil. of U.S. $
line 18
Loans 		Q3 2025 57,548 Millions of U.S. Dollars 57,122 Millions of U.S. Dollars 56,114 Millions of U.S. Dollars Mil. of U.S. $
line 19
Mortgages 		Q3 2025 57,548 Millions of U.S. Dollars 57,122 Millions of U.S. Dollars 56,114 Millions of U.S. Dollars Mil. of U.S. $
line 20
Consumer credit 		Q3 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 		Q3 2025 1,243,110 Millions of U.S. Dollars 1,233,899 Millions of U.S. Dollars 1,212,141 Millions of U.S. Dollars Mil. of U.S. $
line 22
Miscellaneous assets 		Q3 2025 5,768,364 Millions of U.S. Dollars 5,724,325 Millions of U.S. Dollars 5,618,254 Millions of U.S. Dollars Mil. of U.S. $
line 23
Insurance receivables 		Q3 2025 204,416 Millions of U.S. Dollars 200,393 Millions of U.S. Dollars 189,543 Millions of U.S. Dollars Mil. of U.S. $
line 24
Equity investment in GSEs 		Q3 2025 19,330 Millions of U.S. Dollars 19,075 Millions of U.S. Dollars 18,614 Millions of U.S. Dollars Mil. of U.S. $
line 25
Other 		Q3 2025 5,563,948 Millions of U.S. Dollars 5,523,932 Millions of U.S. Dollars 5,428,711 Millions of U.S. Dollars Mil. of U.S. $
line 26
Liabilities 		Q3 2025 12,946,612 Millions of U.S. Dollars 12,826,941 Millions of U.S. Dollars 12,489,352 Millions of U.S. Dollars Mil. of U.S. $
line 27
Loans 		Q3 2025 7,945,726 Millions of U.S. Dollars 7,891,216 Millions of U.S. Dollars 7,717,846 Millions of U.S. Dollars Mil. of U.S. $
line 28
Depository institution loans n.e.c. 		Q3 2025 1,723,517 Millions of U.S. Dollars 1,731,646 Millions of U.S. Dollars 1,703,246 Millions of U.S. Dollars Mil. of U.S. $
line 29
Other loans and advances 		Q3 2025 499,269 Millions of U.S. Dollars 500,058 Millions of U.S. Dollars 486,027 Millions of U.S. Dollars Mil. of U.S. $
line 30
Mortgages 		Q3 2025 5,722,940 Millions of U.S. Dollars 5,659,512 Millions of U.S. Dollars 5,528,573 Millions of U.S. Dollars Mil. of U.S. $
line 31
Trade payables 		Q3 2025 902,338 Millions of U.S. Dollars 892,768 Millions of U.S. Dollars 876,473 Millions of U.S. Dollars Mil. of U.S. $
line 32
Taxes payable 		Q3 2025 256,711 Millions of U.S. Dollars 253,601 Millions of U.S. Dollars 246,256 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 		Q3 2025 3,838,454 Millions of U.S. Dollars 3,785,951 Millions of U.S. Dollars 3,645,193 Millions of U.S. Dollars Mil. of U.S. $
line 35
Net worth 		Q3 2025 15,478,028 Millions of U.S. Dollars 15,396,033 Millions of U.S. Dollars 15,436,111 Millions of U.S. Dollars Mil. of U.S. $
Memo:
Replacement-cost value of structures:
line 36
Residential 		Q3 2025 5,748,037 Millions of U.S. Dollars 5,677,834 Millions of U.S. Dollars 5,534,949 Millions of U.S. Dollars Mil. of U.S. $
line 37
Nonresidential 		Q3 2025 3,362,136 Millions of U.S. Dollars 3,284,985 Millions of U.S. Dollars 3,170,006 Millions of U.S. Dollars Mil. of U.S. $
line 38
Debt/net worth (percent) (line 27/line 35) 		Q3 2025 50.92048 Percent 50.84447 Percent 49.61221 Percent %
   

Back to Top

Subscribe to the FRED newsletter

Follow us

 

Need Help?

Questions or Comments
FRED Help
Legal
Privacy Notice & Policy