Quarterly

S11.2.r 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/%
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    Q4 1945    
 
 
    Q1 2026
Line Name Period Value Preceding
Period 		Year Ago
from Period 		Units
line 1
Change in net worth 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 2
Net capital transfers paid 		Q1 2026 -24,750 Millions of U.S. Dollars -85 Millions of U.S. Dollars -7,624 Millions of U.S. Dollars Mil. of U.S. $
line 3
Net investment 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 4
Net physical investment 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 5
Capital expenditures 		Q1 2026 89,965 Millions of U.S. Dollars 166,522 Millions of U.S. Dollars 100,011 Millions of U.S. Dollars Mil. of U.S. $
line 6
- Consumption of fixed capital 		Q1 2026 134,243 Millions of U.S. Dollars 132,927 Millions of U.S. Dollars 126,935 Millions of U.S. Dollars Mil. of U.S. $
line 7
Net lending (+) or net borrowing (-) 		Q1 2026 69,028 Millions of U.S. Dollars -33,510 Millions of U.S. Dollars 34,548 Millions of U.S. Dollars Mil. of U.S. $
line 8
Net acquisition of financial assets 		Q1 2026 232,031 Millions of U.S. Dollars 211,575 Millions of U.S. Dollars 120,962 Millions of U.S. Dollars Mil. of U.S. $
line 9
- Net increase in liabilities 		Q1 2026 207,328 Millions of U.S. Dollars 230,996 Millions of U.S. Dollars 123,800 Millions of U.S. Dollars Mil. of U.S. $
line 10
Proprietor’s net investment 		Q1 2026 -44,263 Millions of U.S. Dollars 14,440 Millions of U.S. Dollars -37,185 Millions of U.S. Dollars Mil. of U.S. $
line 11
Holding gains on real estate 		Q1 2026 177,961 Millions of U.S. Dollars 23,253 Millions of U.S. Dollars -58,538 Millions of U.S. Dollars Mil. of U.S. $
line 12
Residential 		Q1 2026 43,862 Millions of U.S. Dollars 17,289 Millions of U.S. Dollars 30,679 Millions of U.S. Dollars Mil. of U.S. $
line 13
Nonresidential 		Q1 2026 134,099 Millions of U.S. Dollars 5,965 Millions of U.S. Dollars -89,218 Millions of U.S. Dollars Mil. of U.S. $
line 14
Holding gains on assets at current cost 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
line 15
Residential equipment 		Q1 2026 -660 Millions of U.S. Dollars 110 Millions of U.S. Dollars -2,022 Millions of U.S. Dollars Mil. of U.S. $
line 16
Nonresidential equipment 		Q1 2026 37,798 Millions of U.S. Dollars -7,545 Millions of U.S. Dollars 21,141 Millions of U.S. Dollars Mil. of U.S. $
line 17
Intellectual property products 		Q1 2026 -1,035 Millions of U.S. Dollars 316 Millions of U.S. Dollars -4,205 Millions of U.S. Dollars Mil. of U.S. $
line 18
Inventories 		Q1 2026 45,929 Millions of U.S. Dollars -26,923 Millions of U.S. Dollars 11,337 Millions of U.S. Dollars Mil. of U.S. $
line 19
- Foreign direct investment in U.S. 		Q1 2026 7,747 Millions of U.S. Dollars 9,015 Millions of U.S. Dollars -879 Millions of U.S. Dollars Mil. of U.S. $
line 20
Other volume changes 		. . Millions of Dollars . Millions of Dollars . Millions of Dollars Mil. of $
Memo:
line 21
Net worth outstanding 		Q1 2026 16,378,881 Millions of U.S. Dollars 16,146,587 Millions of U.S. Dollars 15,845,139 Millions of U.S. Dollars Mil. of U.S. $
   

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