F E D E R A L RE S E R V E S T A T I S T I C A L RE L E A S E

For use at 12:00 p.m., eastern time

June 6, 2013

Z.1

Financial Accounts 

of the United States

Flow of Funds, Balance Sheets,

and Integrated Macroeconomic Accounts

First Quarter 2013

B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R V E S Y S T E M

Z.1

Financial Accounts 

of the United States

Flow of Funds, Balance Sheets,

and Integrated Macroeconomic Accounts

First Quarter 2013

B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R V E S Y S T E M

F E D E R A L RE S E R V E S T A T I S T I C A L RE L E A S E

i

Household Net Worth and Growth of Domestic Nonfinancial Debt

Year

Household 

net worth1

Growth of domestic nonfinancial debt2

Total Households Business

State and 

local govts. Federal

2003 48,027 8.0 11.8 2.2 8.3 10.9

2004 54,894 9.3 11.1 6.7 11.4 9.0

2005 61,200 9.2 11.2 9.0 5.8 7.0

2006 66,069 8.6 9.7 10.9 3.9 3.9

2007 66,862 8.5 6.7 13.6 5.5 4.9

2008 54,164 5.9 -0.2 6.3 0.6 24.2

2009 56,198 3.1 -1.7 -2.3 4.0 22.7

2010 60,222 4.2 -2.6 1.5 2.3 20.2

2011 61,328 3.7 -1.5 4.7 -1.7 11.4

2012 67,346 4.9 0.2 6.0 -0.2 10.9

2011: Q2 61,853 2.7 -2.6 5.4 -2.8 8.2

Q3 59,207 4.3 -1.5 4.0 -0.2 13.7

Q4 61,328 4.9 0.0 5.2 -1.2 12.7

2012: Q1 64,185 4.8 -1.0 4.4 0.0 13.7

Q2 63,930 5.2 1.3 4.9 3.1 10.9

Q3 65,949 2.7 -1.8 4.9 -0.1 6.2

Q4 67,346 6.5 2.2 9.3 -3.7 11.2

2013: Q1 70,349 4.6 -0.6 5.3 1.9 10.3

1. Shown on table B.100, which includes nonprofit organizations. Billions of dollars; amounts outstanding end of period, not 

seasonally adjusted

2. Percentage changes shown on an end-of-period basis; quarterly data are seasonally adjusted annual rates

Household net worth – the difference between the 

values of households’ assets and liabilities – was $70.3

trillion at the end of the first quarter of this year, about

$3 trillion more than at the end of 2012. In the first 

quarter, the value of corporate equities and mutual funds 

owned by households expanded $1.5 trillion and the 

value of residential real estate owned by households 

increased about $784 billion. 

Domestic nonfinancial debt outstanding was $40.6

trillion at the end of the first quarter of 2013, of which 

household debt was $12.8 trillion, nonfinancial business 

debt was $12.9 trillion, and total government debt was 

$14.9 trillion.

Domestic nonfinancial debt growth was 4.6 percent at 

a seasonally adjusted annual rate in the first quarter of 

2013, about 1⁄4 percentage point less than the pace for 

2012 as a whole.

Household debt edged down at an annual rate of 0.6 

percent in the first quarter. Home mortgage debt 

contracted 2.3 percent, about the same as the decline in 

2012. Consumer credit rose at an annual rate of 5.7

percent, slightly less than the increase in 2012. 

Nonfinancial business debt rose at an annual rate of 

5.3 percent in the first quarter, after a 6 percent increase 

in 2012. As in recent years, corporate bonds accounted 

for the largest increase. 

State and local government debt rose at an annual rate 

of 1.9 percent in the first quarter, after declining slightly 

in 2012. 

Federal government debt rose at an annual rate of 10.3

percent in the first quarter of 2013 after a 10.9 percent 

increase last year. 

Recent Developments in Household Net Worth and 

Domestic Nonfinancial Debt
ii
iii

Topic Description

Financial Accounts of the United 

States

The Z.1 statistical release, previously named Flow of Funds 

Accounts of the United States, has been renamed Financial 

Accounts of the United States. This change reflects the growing 

variety of financial data included in this publication, including 

flow of funds, balance sheets, and Integrated Macroeconomic 

Accounts, and is more aligned with international terminology. 

The term “Flow of Funds Accounts” will be gradually transitioned 

to “Financial Accounts” on the Federal Reserve Board’s website. 

Publication redesign The cover and introductory material for the Z.1 has been 

redesigned to enhance usablity and to modernize the style of 

the publication. “Release Highlights” are now shown separately 

from “Explanatory Notes” to make new developments and data 

revisions more accessible to our users. The explanatory notes 

section has been rewritten to address common questions and 

methodological information about the accounts.

Organization of data tables Data tables have been organized into the following six sections 

identified by colored tabs: Summary (red), Flows (yellow), 

Levels (orange), Balance Sheets (blue), Supplements (green), 

and Integrated Accounts (purple). The flow of funds matrixes 

have been moved to the front of the summary section. Flow and 

level credit market debt summary tables, tables corresponding 

to Bureau of Economic Analysis (BEA) national income and 

product account tables, and the personal savings tables are also 

included in the summary section.

Integrated Macroeconomic

Accounts (IMAs)

Annual tables for the Integrated Macroeconomic Accounts, 

which are jointly produced with BEA, are now included in this 

statistical release. These tables have previously been published 

on BEA’s website and in the Flow of Funds online Guide. 

Quarterly and annual data beginning in 1960 are available for 

download through the Federal Reserve’s Data Download 

Program (DDP).

Nonfinancial corporate business 

sector benchmark

Assets of the nonfinancial corporate business sector (tables 

F.102, L.102, B.102, and R.102) have been revised from 

2011:Q1 forward, to reflect new advance data from the Internal 

Revenue Service (IRS) Statistics of Income (SOI) for 2011.

Rest of the world quarterly data on 

International Investment Position

Data for the rest of the world sector (tables F.106 and L.106) 

have been revised beginning in 2005:Q4 to incorporate newly 

available quarterly data on the International Investment Position 

(IIP) from BEA. Previously, IIP data were only available on an 

annual basis.

Credit union revisions The credit union sector (tables F.113 and L.113) has been 

revised back to 2010:Q4 to reflect improved methodology 

regarding investments held by natural person credit unions and 

corporate credit unions. A new asset category, municipal 

securities, is now shown. 

Release Highlights

First Quarter 2013
iv

Topic Description

Private pension fund sector 

benchmark

The private pension fund sector (tables F.116, F.116.b, F.116.c, 

L.116, L.116.b, and L.116.c) has been revised beginning in 

2006:Q4 to reflect improved methodology and new data from the 

U.S. Internal Revenue Service/Department of Labor/Pension 

Benefit Guaranty Corporation Form 5500 filed for plan years 

2006, 2008, 2009, and 2010.

MBS and other asset-backed 

corporate and foreign bonds

The corporate and foreign bonds instrument tables (tables F.212 

and L.212) have been modified to show mortgage-backed 

securities and other asset-backed corporate and foreign bonds 

separate from other corporate and foreign bonds for a number of 

sectors. This additional detail is available for the following 

sectors: rest of the world, beginning 2002:Q2; U.S.-chartered 

depository institutions, beginning 1984:Q1; credit unions, 

beginning 2008:Q1; property-casualty insurance companies, 

beginning 2011:Q4; life insurance companies, beginning 

2011:Q4; and government-sponsored enterprises, beginning

1993:Q1.
v

Financial Accounts of the United States

The Financial Accounts of the United States (previously 

referred to as the Flow of Funds Accounts) are

organized into the following sections:

■ Matrices summarizing flows and levels across 

sectors, and tables summarizing credit market 

borrowing, gross domestic product (GDP), 

national income, saving, and so on

■ Flow of funds, by sector and financial 

instrument 

■ Levels of financial assets and liabilities, by 

sector and financial instrument

■ Balance sheets, including nonfinancial assets,

and changes in net worth for households and 

nonprofit organizations, nonfinancial corporate 

businesses, and nonfinancial noncorporate 

businesses

■ Supplementary tables providing additional 

detail on selected sectors

■ Integrated Macroeconomic Accounts

The Integrated Macroeconomic Accounts (IMA) relate 

production, income, saving, and capital formation from 

the national income and product accounts (NIPA) to 

changes in net worth from the Financial Accounts on a 

sector-by-sector basis. The IMA are published jointly 

by the Federal Reserve Board and the Bureau of 

Economic Analysis and are based on international 

guidelines and terminology as defined in the System of 

National Accounts (SNA1993, revised in 2008). 

Federal Reserve Board staff have taken many steps over 

the past several years to conform the Financial Accounts

with the SNA guidelines. Nonetheless, a few important 

differences remain. In particular, in the Financial 

Accounts:

■ The purchase of consumer durables is treated as 

investment rather than as consumption.

■ Nonfinancial noncorporate business (which are 

often small businesses) are shown in a separate 

sector rather than being included in the 

household sector.

■ Most debt securities are recorded at book value 

rather than market value.

Concepts of Level and Flow in the SNA 

and the Financial Accounts

The level of an asset or liability (also referred to as the 

stock or outstanding) measures the value of the asset or

liability in existence at a point in time. In the Financial 

Accounts, the levels are reported as of the end of each

calendar quarter. In the SNA2008, the change in the

level from one period to the next is called the “economic 

flow”, and can be decomposed into three broad 

elements: transactions, which measure the exchange of 

assets; revaluations, which measure changes in market 

value of untraded assets; and other changes in volume, 

which measure discontinuities or breaks in time series 

due to disaster losses or a change in source data or 

definition.

In the Financial Accounts, “flow of funds” refers to the 

exchange of assets, corresponding to the SNA definition 

of transactions, that is, “flow tables” in the Financial 

Accounts are equivalent to “transaction tables” in the 

SNA terminology. 

Currently, revaluations are not separately identifiable 

from other changes in volume in most of the Financial 

Accounts. The sum of revaluations and other volume 

changes can be measured as the change in levels from 

one quarter to the next, less the flow. Note that in 

practice, other volume changes are relatively rare, and 

revaluations only occur for series carried at market value 

(such as corporate equities and mutual fund shares), so 

for many series the change in the level is equal to the 

flow. Revaluations are available separately from other 

changes in volume in the IMA.

Growth Rates

Growth rates calculated from levels will include 

revaluations and other changes in volume. To isolate 

the effect of transactions on growth of a given asset or 

liability, users should calculate the ratio of the flow in a 

given period to the level in the preceding period. 

Growth rates in table D.1 are calculated by dividing 

seasonally adjusted flows from table D.2 by seasonally 

adjusted levels at the end of the previous period from 

table D.3. Growth rates calculated from changes in 

unadjusted levels printed in table L.2 may differ from 

those in table D.1.

Seasonal Adjustment

Seasonal factors are recalculated and updated every 

year, and these revised factors are first published in the 

September release of second-quarter data. All series that 

exhibit significant seasonal patterns are adjusted. The 

seasonal factors are generated using the X-12-

ARIMA/88 seasonal adjustment program from Statistics 

Canada, estimated using the most recent 10 years of 

Explanatory Notes
vi

data. Because the effects of the recent financial crisis

resulted in large outliers in some series that would have 

distorted the estimated seasonal factors, seasonal factors 

for some series were extrapolated using pre-crisis data. 

Seasonally adjusted levels shown in table D.3 are 

derived by carrying forward year-end levels by 

seasonally adjusted flows.

Data Revisions

Data shown for the most recent quarters are based on 

preliminary and potentially incomplete information. A 

summary list of the most recent data available for each 

sector is provided in a table following these notes. 

Nonetheless, when source data are revised or estimation

methods are improved, all data are subject to revision. 

There is no specific revision schedule; rather, data are 

revised on an ongoing basis. In each release of the 

Financial Accounts, major revisions are highlighted at 

the beginning of the publication.

Discrepancies

The data in the Financial Accounts come from a large 

variety of sources and are subject to limitations and 

uncertainty due to measurement errors, missing 

information, and incompatibilities among data sources. 

The size of this uncertainty cannot be quantified, but its 

existence is acknowledged by the inclusion of 

“statistical discrepancies” for various sectors and 

financial instruments.

The discrepancy for a given sector is defined as the 

difference between the aggregate value of the sector’s 

sources of funds and the value of its uses of funds. For a 

financial instrument category, the discrepancy is defined 

as the difference between the measurement of funds 

raised through the financial instrument and funds 

disbursed through that instrument. The relative size of 

the statistical discrepancy is one indication of the quality 

of the underlying source data. Note that differences in 

seasonal adjustment procedures sometimes result in 

quarterly discrepancies that partially or completely 

offset each other in the annual data.

The Flow of Funds Guide

Substantially more detail on the construction of the 

Financial Accounts is available in the Flow of Funds 

Guide, which provides interactive, online documentation

for each data series. The tools and descriptions in the

guide are designed to help users understand the structure 

and content of the Financial Accounts. The guide

allows users to search for series, browse tables of data, 

and identify links among series within these accounts. It 

also provides descriptions of each of the published 

tables and information on the source data underlying 

each series. 

The guide is not part of the quarterly release, but it is 

continually updated and kept consistent with the most 

recently published data. The guide and the data from the 

Financial Accounts are available free of charge at the

following link:

www.federalreserve.gov/apps/fof/

Each input and calculated series in the Z.1 is identified 

according to a unique string of patterned numbers and 

letters. The series structure page of the guide provides a 

breakdown of what the letters and numbers represent in 

the series mnemonics. The relationships between 

different components of a series (for example, levels, 

seasonally adjusted annual rate flows, unadjusted flows, 

seasonal factors, and so on) are also described on the 

series structure page.

Production Schedule

The Financial Accounts are published online and in print 

4 times per year, about 10 weeks following the end of 

each calendar quarter. The publication and the guide are

available online here:

www.federalreserve.gov/releases/Z1

This website also provides coded tables and historical 

annual tables beginning in 1945 that correspond with the 

tables published in this release. There are also 

compressed ASCII files of quarterly data for seasonally 

adjusted flows, unadjusted flows, outstandings, balance 

sheets, debt (tables D.1, D.2, and D.3), supplementary

tables, and the IMA. 

In addition, the data are available as customizable 

datasets through the Federal Reserve Board’s Data 

Download Program (DDP) here:

www.federalreserve.gov/datadownload/Choose.aspx?rel=Z.1

Print Subscription Information

The Federal Reserve Board charges a fee for 

subscriptions to print versions of statistical releases.

Inquiries regarding print versions should be directed to

the following office:

Publications Services, Stop 127

Board of Governors

of the Federal Reserve System

20th Street and Constitution Avenue, N.W.

Washington, DC 20551

(202) 452-3245
vii

Sector Table Available at time of publication

National income and product 

accounts (NIPA)

(various tables)

Second estimate, seasonally adjusted, for 2013:Q1. Unadjusted 

flows since 2011 for the government sectors and since 2006 for 

all other sectors were unavailable.

Households and nonprofit

organizations sector

(tables F.100 and L.100)

Estimates for this sector are largely residuals and are derived 

from data for other sectors. Availability of data depends on 

schedules for other sectors. Data for consumer credit, which are 

estimated directly, are available through 2013:Q1. The source 

for nonprofit organizations data (tables F.100.a and L.100.a) is 

the Internal Revenue Service Statistics of Income. Data for 

nonprofit organizations are available for 1987 through 2000.

Nonfinancial corporate business 

(tables F.102 and L.102)

Quarterly Financial Report (QFR) of the Census Bureau through 

2013:Q1; Internal Revenue Service Statistics of Income

(IRS/SOI) data through 2011; securities offerings, mortgages, 

bank loans, commercial paper, and other loans through 

2013:Q1. Corporate farm data for 2012.

Nonfinancial noncorporate business

(tables F.103 and L.103)

IRS/SOI data through 2010; bank and finance company loans, 

and mortgage borrowing through 2013:Q1. Noncorporate farm 

data for 2012.

State and local governments

(tables F.104 and L.104)

Gross offerings and retirements of municipal securities, deposits 

at banks, and nonmarketable U.S. government security issues 

through 2013:Q1; total financial assets through 2010:Q2 from 

the Census Bureau; breakdown of financial assets through 

2011:Q2 from the comprehensive annual financial reports of 

state and local governments.

Federal government

(tables F.105 and L.105)

Data from the Monthly Treasury Statement of Receipts and 

Outlays and Treasury data for loan programs and the Troubled 

Assets Relief Program (TARP) through 2013:Q1.

Rest of the world

(tables F.106 and L.106)

Balance of payments and International Investment Position data 

through 2012:Q4. NIPA estimates; bank Call Reports and 

Treasury International Capital System data through 2013:Q1.

Monetary authority

(tables F.108 and L.108)

All data through 2013:Q1.

U.S.-chartered depository 

institutions

(tables F.110 and L.110)

All data through 2013:Q1.

Foreign banking offices in U.S.

(tables F.111 and L.111)

All data through 2013:Q1.

Banks in U.S.-affiliated areas

(tables F.112 and L.112)

All data through 2013:Q1.

Credit unions

(tables F.113 and L.113)

All data through 2013:Q1.

Description of Most Recent Data Available
viii

Sector Table Available at time of publication

Property-casualty insurance 

companies

(tables F.114 and L.114)

All data through 2013:Q1.

Life insurance companies

(tables F.115 and L.115)

All data through 2013:Q1.

Private pension funds

(tables F.116 and L.116)

Internal Revenue Service/Department of Labor/Pension Benefit 

Guaranty Corporation Form 5500 data through 2010.

State and local government 

employee retirement funds

(tables F.117 and L.117)

Detailed data through 2011:Q2 from the Census Bureau; sample 

data through 2013:Q1 from the Census Bureau.

Federal government retirement 

funds

(tables F.118 and L.118)

Data from the Monthly Treasury Statement of Receipts and 

Outlays, the Thrift Savings Plan, and the National Railroad 

Retirement Investment Trust through 2013:Q1.

Money market mutual funds

(tables F.119 and L.119)

All data through 2013:Q1.

Mutual funds

(tables F.120 and L.120

All data through 2013:Q1.

Closed-end funds

(tables F.121 and L.121)

All data through 2013:Q1.

Exchange-traded funds

(tables F.121 and L.121)

All data through 2013:Q1.

Government Sponsored Enterprises 

(GSEs)

(tables F.122 and L.122)

Data for Fannie Mae, Freddie Mac, Farmer Mac, FHLB, FICO, 

FCS, and REFCORP through 2013:Q1.

Agency- and GSE-backed 

mortgage pools

(tables F.123 and L.123)

Data for Fannie Mae, Freddie Mac, Farmer Mac, and Ginnie 

Mae through 2013:Q1.

Issuers of asset-backed securities 

(ABSs)

(tables F.124 and L.124)

All data for private mortgage pools, consumer credit, business 

loans, student loans, consumer leases, and trade credit 

securitization through 2013:Q1.

Finance companies

(tables F.125 and L.125)

All data through 2013:Q1.

Real Estate Investment Trusts 

(REITs)

(tables F.126 and L.126)

Data from SNL Financial through 2013:Q1. 

Security brokers and dealers

(tables F.127 and L.127)

Data for firms filing FOCUS and FOGS reports through 

2013:Q1.

Holding companies

(table F.128 and L.128)

All data through 2013:Q1.

Funding corporations

(tables F.129 and L.129)

Estimates for this sector are largely residuals and are derived 

from data for other sectors.
ix

Title Table Page

Summaries

Flow of Funds Matrix – Flows 1

Flow of Funds Matrix – Assets and Liabilities 2

Credit Market Debt Growth by Sector D.1 3

Credit Market Borrowing by Sector D.2 4

Credit Market Debt Outstanding by Sector D.3 5

Total Credit Market Borrowing and Lending F.1 6

Credit Market Borrowing by Nonfinancial Sectors F.2 7

Credit Market Borrowing by Financial Sectors F.3 7

Credit Market Borrowing, All Sectors, by Instrument F.4 8

Total Liabilities and Its Relation to Total Financial Assets F.5 8

Credit Market Debt Outstanding L.1 9

Credit Market Debt Owed by Nonfinancial Sectors L.2 10

Credit Market Debt Owed by Financial Sectors L.3 10

Credit Market Debt, All Sectors, by Instrument L.4 11

Total Liabilities and Its Relation to Total Financial Assets L.5 11

Distribution of Gross Domestic Product F.6 12

Distribution of National Income F.7 13

Saving and Investment F.8 14

Net Capital Transfers F.9 15

Derivation of Measures of Personal Saving F.10 16

Assets and Liabilities of the Personal Sector L.10 17

Title

Flows Levels

Table Page Table Page

Sectors

Households and Nonprofit Organizations F.100 18 L.100 64

Nonfinancial Business F.101 19 L.101 65

Nonfinancial Corporate Business F.102 20 L.102 66

Nonfinancial Noncorporate Business F.103 21 L.103 67

State and Local Governments F.104 22 L.104 68

Federal Government F.105 23 L.105 69

List of Data Tables
x

Sectors

Rest of the World F.106 24 L.106 70

Financial Business F.107 25 L.107 71

Monetary Authority F.108 26 L.108 72

Private Depository Institutions F.109 27 L.109 73

U.S.-Chartered Depository Institutions, ex. Credit 

Unions F.110 28 L.110 74

Foreign Banking Offices in U.S. F.111 29 L.111 75

Banks in U.S.-Affiliated Areas F.112 30 L.112 76

Credit Unions F.113 30 L.113 76

Property-Casualty Insurance Companies F.114 31 L.114 77

Life Insurance Companies F.115 31 L.115 77

Private Pension Funds F.116 32 L.116 78

State and Local Government Employee Retirement 

Funds F.117 33 L.117 79

Federal Government Retirement Funds F.118 33 L.118 79

Money Market Mutual Funds F.119 34 L.119 80

Mutual Funds F.120 34 L.120 80

Closed-End and Exchange-Traded Funds F.121 34 L.121 80

Government-Sponsored Enterprises F.122 35 L.122 81

Agency- and GSE-Backed Mortgage Pools F.123 35 L.123 81

Issuers of Asset-Backed Securities F.124 36 L.124 82

Finance Companies F.125 36 L.125 82

Real Estate Investment Trusts F.126 37 L.126 83

Security Brokers and Dealers F.127 38 L.127 84

Holding Companies F.128 39 L.128 85

Funding Corporations F.129 40 L.129 86

Instruments

U.S. Official Reserve Assets and SDR Allocations F.200 41 L.200 87

Special Drawing Rights (SDRs) Certificates and Treasury 

Currency F.201 41 L.201 87

U.S. Deposits in Foreign Countries F.202 41 L.202 87

Net Interbank Transactions F.203 42 L.203 88

Checkable Deposits and Currency F.204 43 L.204 89

Time and Savings Deposits F.205 44 L.205 90

Money Market Mutual Fund Shares F.206 44 L.206 90
xi

Instruments

Federal Funds and Security Repurchase Agreements F.207 45 L.207 91

Open Market Paper F.208 46 L.208 92

Treasury Securities F.209 47 L.209 93

Agency- and GSE-Backed Securities F.210 48 L.210 94

Municipal Securities and Loans F.211 49 L.211 95

Corporate and Foreign Bonds F.212 50 L.212 96

Corporate Equities F.213 51 L.213 97

Mutual Fund Shares F.214 51 L.214 97

Depository Institution Loans Not Elsewhere Classified F.215 52 L.215 98

Other Loans and Advances F.216 53 L.216 99

Total Mortgages F.217 54 L.217 100

Home Mortgages F.218 55 L.218 101

Multifamily Residential Mortgages F.219 55 L.219 101

Commercial Mortgages F.220 56 L.220 102

Farm Mortgages F.221 56 L.221 102

Consumer Credit F.222 57 L.222 103

Trade Credit F.223 57 L.223 103

Security Credit F.224 57 L.224 103

Life Insurance and Pension Fund Reserves F.225 58 L.225 104

Taxes Payable by Businesses F.226 58 L.226 104

Proprietors' Equity in Noncorporate Business F.227 58 L.227 104

Total Miscellaneous Financial Claims F.228 59 L.228 105

Identified Miscellaneous Financial Claims - Part I F.229 60 L.229 106

Identified Miscellaneous Financial Claims - Part II F.230 61 L.230 107

Unidentified Miscellaneous Financial Claims F.231 62 L.231 108

Sector Discrepancies F.11 63

Instrument Discrepancies F.12 63

Title

Balance Sheet Reconciliation

Table Page Table Page

Balance Sheet and Changes in Net Worth

Households and Nonprofit Organizations B.100 109 R.100 112

Nonfinancial Corporate Business B.102 110 R.102 113

Nonfarm Noncorporate Business B.103 111 R.103 114
xii

Title

Flows Levels

Table Page Table Page

Supplementary Tables

Balance Sheet of Households and Nonprofit 

Organizations with Equity Detail B.100.e 115

Nonprofit Organizations F.100.a 116 L.100.a 117

Consolidated Statement for Federal, State, and Local 

Governments F.105.c 118 L.105.c 119

Private Pension Funds: Defined Benefit Plans F.116.b 120 L.116.b 121

Private Pension Funds: Defined Contribution Plans F.116.c 120 L.116.c 121

Individual Retirement Accounts (IRAs) F.225.i 120 L.225.i 121

Title Table Page

Integrated Macroeconomic Accounts for the United States

Total Economy–Current Account S.1.a 122

Selected Aggregates for Total Economy and Sectors S.2.a 123

Households and Nonprofit Institutions Serving Households S.3.a 125

Nonfinancial Noncorporate Business S.4.a 128

Nonfinancial Corporate Business S.5.a 131

Financial Business S.6.a 134

Federal Government S.7.a 137

State and Local Governments S.8.a 140

Rest of the World S.9.a 143