Federal Reserve Economic Data

Quarterly

R.103 Change in Net Worth of Nonfinancial Corporate 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    
 
 
    Q1 2025
Line Name Period Value Preceding
Period
Year Ago
from Period
Units
line 1
Change in net worth
Q1 2025 294,185 Millions of Dollars -41,459 Millions of Dollars 495,270 Millions of Dollars Mil. of $
line 2
Net investment
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 3
Net physical investment
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 4
Capital expenditures
Q1 2025 842,272 Millions of Dollars 709,764 Millions of Dollars 762,052 Millions of Dollars Mil. of $
line 5
- Consumption of fixed capital
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 6
- Inventory valuation adjustment
Q1 2025 -12,224 Millions of Dollars -10,219 Millions of Dollars -4,279 Millions of Dollars Mil. of $
line 7
Net lending (+) or net borrowing (-)
Q1 2025 -96,745 Millions of Dollars 112,288 Millions of Dollars -184,729 Millions of Dollars Mil. of $
line 8
Net acquisition of financial assets
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 9
- Net increase in liabilities
Q1 2025 261,393 Millions of Dollars 297,715 Millions of Dollars -37,806 Millions of Dollars Mil. of $
line 10
Net corporate equity issues
Q1 2025 -40,380 Millions of Dollars -19,014 Millions of Dollars -146,741 Millions of Dollars Mil. of $
line 11
Holding gains on assets at market value
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 12
Real estate
Q1 2025 -147,846 Millions of Dollars 93,329 Millions of Dollars -411,461 Millions of Dollars Mil. of $
line 13
Corporate equities
Q1 2025 -146,613 Millions of Dollars 66,761 Millions of Dollars 295,989 Millions of Dollars Mil. of $
line 14
Mutual fund shares
Q1 2025 -7,102 Millions of Dollars -6,398 Millions of Dollars 20,143 Millions of Dollars Mil. of $
line 15
Holding gains on assets liabilities at current cost
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 16
Equipment
Q1 2025 12,017 Millions of Dollars 16,492 Millions of Dollars 62,133 Millions of Dollars Mil. of $
line 17
Intellectual property products
Q1 2025 23,584 Millions of Dollars 38,624 Millions of Dollars 23,874 Millions of Dollars Mil. of $
line 18
Inventories
Q1 2025 -8,691 Millions of Dollars 47,464 Millions of Dollars -21,160 Millions of Dollars Mil. of $
line 19
Direct investment abroad
Q1 2025 447,378 Millions of Dollars -591,310 Millions of Dollars 473,992 Millions of Dollars Mil. of $
line 20
- Foreign direct investment in U.S.
Q1 2025 -743,282 Millions of Dollars 191,882 Millions of Dollars 1,028,743 Millions of Dollars Mil. of $
line 21
Other volume changes
. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
Memo:
line 22
Net worth outstanding
Q1 2025 33,651.960 Billions of Dollars 33,357.775 Billions of Dollars 32,318.447 Billions of Dollars Bil. of $
   

Back to Top