Federal Reserve Economic Data

Quarterly Tables

S.7.q Federal Government


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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    Q4 1945    
 
 
    Q1 2025
Millions of Dollars
Line Name Period Value Preceding
Period
Year Ago
from Period
Current account
line 1
Gross value added
Q1 2025 1,100,656 1,083,201 1,043,463
line 2
Less: Consumption of fixed capital
Q1 2025 412,665 406,770 389,373
line 3
Equals: Net value added
Q1 2025 687,991 676,431 654,090
line 4
Compensation of employees (paid)
Q1 2025 692,582 684,106 662,396
line 5
Operating surplus, net
Q1 2025 -4,591 -7,675 -8,306
line 6
Net national income/Balance of primary incomes, net
Q1 2025 -963,232 -977,619 -932,162
line 7
Operating surplus, net
Q1 2025 -4,591 -7,675 -8,306
line 8
Taxes on production and imports, receivable
Q1 2025 191,334 182,468 177,164
line 9
Subsidies (paid)
Q1 2025 -104,788 -93,471 -96,144
line 10
Property income received, net
Q1 2025 -1,045,187 -1,058,941 -1,004,876
line 11
Net national income/Balance of primary incomes, net
Q1 2025 -963,232 -977,619 -932,162
line 12
Plus: Current taxes on income, wealth, etc. (received)
Q1 2025 3,059,849 2,997,222 2,852,692
line 13
Plus: Social benefits (received)
Q1 2025 1,934,794 1,903,219 1,864,053
line 14
Less: Social contributions (paid)
Q1 2025 3,490,292 3,363,041 3,234,026
line 15
Plus: Other current transfers (received)
Q1 2025 91,840 102,015 78,644
line 16
Less: Other current transfers (paid)
Q1 2025 1,016,446 1,081,996 1,007,927
line 17
Equals: Disposable income, net
Q1 2025 -383,487 -420,200 -378,726
line 18
Less: Final consumption expenditures
Q1 2025 1,442,545 1,446,940 1,367,421
line 19
Equals: Net saving
Q1 2025 -1,826,032 -1,867,140 -1,746,147
Capital account
line 20
Net saving less capital transfers
Q1 2025 -1,951,041 -2,089,992 -1,873,599
line 21
Net saving
Q1 2025 -1,826,032 -1,867,140 -1,746,147
line 22
Less: Capital transfers paid (net)
Q1 2025 125,009 222,852 127,452
line 23
Capital formation, net
Q1 2025 72,886 70,990 53,251
line 24
Gross fixed capital formation (acquisition of produced nonfinancial assets)
Q1 2025 485,720 477,762 442,837
line 25
Less: Consumption of fixed capital
Q1 2025 412,665 406,770 389,373
line 26
Acquisition of nonproduced nonfinancial assets
Q1 2025 -169 -2 -213
line 27
Net lending (+) or borrowing (-), capital account (lines 20-23)
. . . .
Financial account
line 28
Net lending (+) or borrowing (-) (line 27)
. . . .
line 29
Net acquisition of financial assets
Q1 2025 -852,869 -489,935 406,843
line 30
Monetary gold and SDRs
Q1 2025 2,964 2,656 7,860
line 31
Monetary gold
. . . .
line 32
SDR holdings
Q1 2025 2,964 2,656 7,860
line 33
Currency and deposits
Q1 2025 -1,104,193 -741,702 207,603
line 34
Official foreign currencies
Q1 2025 226 104 -130
line 35
Reserve position in IMF (net)
Q1 2025 -11,952 -7,184 2,624
line 36
Currency and transferable deposits
Q1 2025 -1,091,947 -733,166 204,139
line 37
Time and savings deposits
Q1 2025 -308 -1,420 628
line 38
Nonofficial foreign currencies
Q1 2025 1 0 0
line 39
Debt securities
Q1 2025 138 16 -342
line 40
Agency- and GSE-backed securities
Q1 2025 0 0 0
line 41
Corporate and foreign bonds
Q1 2025 0 0 0
line 42
Loans
Q1 2025 152,440 67,375 79,815
line 43
Short term
Q1 2025 142,711 57,995 70,939
line 44
Consumer credit
Q1 2025 63,032 14,615 78,875
line 45
Other loans and advances
Q1 2025 79,604 43,360 -7,936
line 46
Long term (mortgages)
Q1 2025 9,804 9,400 8,876
line 47
Equity and investment fund shares
Q1 2025 -1,121 -6,156 20
line 48
Corporate equities
Q1 2025 0 0 0
line 49
Equity in international organizations
Q1 2025 -1,121 0 20
line 50
Equity in government-sponsored enterprises
Q1 2025 0 0 0
line 51
Equity investment under Public-Private Inv. Program
Q1 2025 0 0 0
line 52
Other accounts receivable
Q1 2025 96,827 187,856 111,887
line 53
Trade receivables
Q1 2025 7,951 1,440 11,699
line 54
Taxes receivable
Q1 2025 88,876 186,416 100,188
line 55
Other (miscellaneous assets)
. . . .
line 56
Net incurrence of liabilities
Q1 2025 717,458 2,298,630 1,747,626
line 57
SDR allocations
Q1 2025 0 0 0
line 58
Currency and deposits
Q1 2025 -384 64 728
line 59
Debt securities
Q1 2025 534,734 2,158,506 1,688,436
line 60
Treasury securities
Q1 2025 533,778 2,157,734 1,689,360
line 61
Federal agency securities
Q1 2025 956 772 -924
line 62
Loans
Q1 2025 82,953 444,436 139,486
line 63
Insurance, pension and standardized guarantee schemes
Q1 2025 35,328 -419,173 -85,553
line 64
Insurance reserves
Q1 2025 4,468 784 3,660
line 65
Retiree Health Care Funds
Q1 2025 17,777 47,364 16,039
line 66
Claims of pension fund on sponsor
Q1 2025 13,083 -467,321 -105,252
line 67
Other accounts payable
Q1 2025 64,827 114,797 4,530
line 68
SDR certificates
Q1 2025 0 20,000 0
line 69
Trade payables
Q1 2025 42,535 68,881 -26,802
line 70
Other (miscellaneous liabilities)
Q1 2025 22,292 25,916 31,332
Addendum:
line 71
Net lending (+) or borrowing (-), financial account (lines 29-56)
Q1 2025 -1,570,327 -2,788,565 -1,340,783
Other changes in volume account
line 72
Total other volume changes
Q1 2025 -78,203 -199,869 -42,954
line 73
Disaster losses
Q1 2025 0 0 0
line 74
Other volume changes
Q1 2025 42 1 53
line 75
Less: Statistical discrepancy ((lines 27-71)/4)
Q1 2025 78,245 199,869 43,007
Revaluation account
line 76
Nonfinancial assets
Q1 2025 55,170 23,130 30,012
line 77
Structures
Q1 2025 32,851 577 16,542
line 78
Equipment
Q1 2025 7,999 8,694 5,586
line 79
Intellectual property products
Q1 2025 14,321 13,860 7,884
line 80
Financial assets
. . . .
line 81
Monetary gold and SDRs
Q1 2025 130,838 -12,121 33,357
line 82
Currency and deposits
Q1 2025 4,276 -704 -312
line 83
Corporate equities
Q1 2025 0 0 0
line 84
Equity investment under Public-Private Inv. Program
Q1 2025 0 0 0
line 85
Liabilities (SDR allocations)
Q1 2025 2,822 -6,000 -2,024
line 86
Changes in net worth due to nominal holding gains/losses
. . . .
Changes in balance sheet account
line 87
Change in net worth ((lines 23+27)/4 + lines 72+86)
Q1 2025 -341,630 -699,219 -392,617
Balance sheet account (end of period)
line 88
Total assets
Q1 2025 9,312,353 9,303,058 9,139,181
line 89
Nonfinancial assets
Q1 2025 4,826,484 4,754,288 4,636,961
line 90
Structures
Q1 2025 2,229,702 2,199,171 2,181,390
line 91
Equipment
Q1 2025 1,024,203 1,012,291 992,518
line 92
Intellectual property products
Q1 2025 1,572,579 1,542,826 1,463,053
line 93
Financial assets
Q1 2025 4,485,869 4,548,770 4,502,220
line 94
Monetary gold and SDRs
Q1 2025 980,746 849,167 745,319
line 95
Monetary gold
. . . .
line 96
SDR holdings
Q1 2025 170,380 166,890 166,269
line 97
Currency and deposits
Q1 2025 454,071 769,592 831,889
line 98
Official foreign currencies
Q1 2025 18,143 17,292 17,772
line 99
Reserve position in IMF (net)
Q1 2025 27,878 26,262 30,808
line 100
Currency and transferable deposits
Q1 2025 410,875 728,404 782,845
line 101
Time and savings deposits
Q1 2025 1,415 1,492 1,392
line 102
Nonofficial foreign currencies
Q1 2025 2,626 2,626 2,626
line 103
Debt securities
Q1 2025 7,360 6,979 4,048
line 104
Agency- and GSE-backed securities
Q1 2025 1 1 1
line 105
Corporate and foreign bonds
Q1 2025 493 493 493
line 106
Loans
Q1 2025 2,325,997 2,282,101 2,225,567
line 107
Short term
Q1 2025 2,139,641 2,098,196 2,047,323
line 108
Consumer credit
Q1 2025 1,539,518 1,517,974 1,488,625
line 109
Other loans and advances
Q1 2025 600,123 580,222 558,698
line 110
Long term (mortgages)
Q1 2025 186,356 183,905 178,244
line 111
Equity and investment fund shares
Q1 2025 80,145 80,425 82,135
line 112
Corporate equities
Q1 2025 33,158 33,158 33,158
line 113
Equity in international organizations
Q1 2025 76,684 76,964 74,735
line 114
Equity in government-sponsored enterprises
Q1 2025 0 0 0
line 115
Equity investment under Public-Private Inv. Program
Q1 2025 0 0 0
line 116
Other accounts receivable
Q1 2025 604,392 527,349 580,104
line 117
Trade receivables
Q1 2025 112,757 111,241 110,690
line 118
Taxes receivable
Q1 2025 491,635 416,108 469,414
line 119
Other (miscellaneous assets)
. . . .
line 120
Total liabilities and net worth
Q1 2025 9,312,353 9,303,058 9,139,181
line 121
Liabilities
Q1 2025 34,308,912 33,957,987 32,512,218
line 122
SDR allocations
Q1 2025 152,617 149,795 152,083
line 123
Currency and deposits
Q1 2025 53,007 53,103 52,798
line 124
Debt securities
Q1 2025 28,467,966 28,159,925 26,828,554
line 125
Treasury securities
Q1 2025 28,447,272 28,139,470 26,808,608
line 126
Federal agency securities
Q1 2025 20,694 20,455 19,946
line 127
Loans
Q1 2025 3,426,517 3,456,793 3,210,647
line 128
Insurance, pension and standardized guarantee schemes
Q1 2025 1,550,438 1,496,383 1,669,057
line 129
Insurance reserves
Q1 2025 57,624 56,507 55,248
line 130
Retiree Health Care Funds
Q1 2025 437,601 439,119 411,638
line 131
Claims of pension fund on sponsor
Q1 2025 1,055,213 1,000,757 1,202,171
line 132
Other accounts payable
Q1 2025 658,367 641,988 599,079
line 133
SDR certificates
Q1 2025 15,200 15,200 5,200
line 134
Trade payables
Q1 2025 632,130 615,751 582,842
line 135
Other (miscellaneous liabilities)
Q1 2025 0 0 0
line 136
Net worth
Q1 2025 -24,996,559 -24,654,929 -23,373,037
   

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