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

RFor use at 12:00 noon, eastern time

June 10, 2021

Z.1

Financial Accounts 

of the United States

Flow of Funds, Balance Sheets,

and Integrated Macroeconomic Accounts

First Quarter 2021

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

i

The net worth of households and nonprofits rose to 

$136.9 trillion during the first quarter of 2021. The 

value of directly and indirectly held corporate equities 

increased $3.2trillion and the value of real estate 

increased $1.0trillion.

Domestic nonfinancialdebt outstanding was $62.0

trillion at the end of the first quarter of 2021, of which 

household debt was $16.9 trillion, nonfinancial business 

debt was $17.9trillion, and total government debt was 

$27.2 trillion.

Domestic nonfinancialdebt expanded 5.8 percent at an 

annual rate in the first quarter of 2021, downfrom an 

annual rate of 6.3 percent in the previous quarter.

Household debtincreased 6.5 percent at an annual rate 

in the first quarter of 2021. Consumer credit grew at an 

annual rate of 3.0 percent, while mortgage debt 

(excluding charge-offs) grew at an annual rate of 5.4

percent.

Nonfinancial business debt rose at an annual rate of 

4.4 percent in the first quarter of 2021, up from a 1.1

percent annual rate in the previous quarter.

Federal government debt increased 6.5percent at an 

annual rate in the first quarter of 2021, downfrom a 10.9

percent annual rate in the previous quarter.

State and local government debt expanded at an 

annual rate of 3.8 percent in the first quarter of 2021, 

after expanding at an annual rate of 1.6 percent in the 

previous quarter.

Recent Developments in Household Net Worth and 

Domestic Nonfinancial Debt

Household Net Worth and Growth of Domestic Nonfinancial Debt

Year

Household 

net worth1

Growth of domestic nonfinancial debt2

Total Households Businesses

Federal 

government

State and 

local gov’ts

2011 67,900 3.7 0.1 2.5 10.8 -1.0

2012 72,925 4.7 0.5 5.7 10.1 -0.3

2013 81,605 4.2 2.3 4.9 6.7 -0.2

2014 87,699 3.8 1.2 6.8 5.4 -2.5

2015 90,667 4.4 2.2 7.0 5.0 0.4

2016 95,799 4.4 3.1 5.1 5.6 1.0

2017 104,553 4.2 3.9 6.1 3.7 0.0

2018 105,350 4.7 3.3 4.3 7.6 -1.6

2019 117,878 4.7 3.4 4.8 6.6 0.3

2020 131,920 12.5 3.9 9.2 24.1 2.9

2019: Q1 111,132 5.9 2.2 6.7 9.6 -0.7

Q2 113,446 3.5 4.3 4.2 3.1 -1.8

Q3 114,304 5.9 3.3 5.9 8.9 0.9

Q4 117,878 3.3 3.6 2.2 4.2 2.9

2020: Q1 111,355 10.8 3.7 19.1 11.4 0.9

Q2 119,626 25.6 0.1 15.2 59.2 3.5

Q3 123,857 5.4 5.6 0.7 9.1 5.5

Q4 131,920 6.3 6.2 1.1 10.9 1.6

2021: Q1 136,917 5.8 6.5 4.4 6.5 3.8

1. Shown on table B.101, which includes nonprofit organizations. Billions of dollars; amounts outstanding end of period, not 

 seasonally adjusted.

2. Percentage changes calculated as transactions at a seasonally adjusted annual rate divided by previous quarter’s seasonally 

 adjusted level, shown at an annual rate.
ii
iii

Topic Description

Equity instruments reported 

separately from liability instruments

on transaction tables

A new line item for “Net increase in liabilities and equity” has 

been added to the transactions tables for sectors that report both 

liabilities and equity instruments. Line items for “Net increase in 

liabilities”, and “Net equity issues” are now shown separately 

(tables F.100, F.102, F.103, F.104, F.108, F.110, F.111, F.112, 

F.115, F.116, F.116.g, F.125, F.128, F.129, F.130, F.132, and 

F.133). The three instrument categories included in “equity” are 

corporate equities (F.223 and L.223), proprietors’ equity in 

noncorporate business (F.229 and L.229), and the equity

components of foreign direct investment in the U.S. and U.S. 

direct investment abroad (F.230 and L.230). Equity transactions 

continue to be included as sources of funds.

U.S. direct investment abroad and 

foreign direct investment in U.S.

Sector detail on the split between equity and intercompany debt is 

now shown for U.S. direct investment abroad and foreign direct 

investment in U.S. (tables F.230 and L.230). The equity 

component for U.S. direct investment abroad and foreign direct 

investment in U.S. are no longer included in total liabilities 

outstanding. Intercompany debt for U.S. direct investment abroad 

and foreign direct investment in U.S continue to be included in 

total liabilities outstanding.

Foreign direct investment in the 

U.S.: equity and U.S. direct 

investment abroad: equity 

The equity components of foreign direct investment in the U.S. 

and U.S. direct investment abroad, which are no longer included 

in total liabilities outstanding on levels tables and balance sheets, 

are now shown as memo items where appropriate (tables L.100, 

L.102, L.103, L.104, L.108, L.110, L.111, L.112, L.115, L.116, 

L.116.g, L.128, L.130, L.132, and L.133). Corporate equities and 

proprietors’ equity in noncorporate business outstanding, which 

were not included in liabilities in previous publications, are also 

shown as memo items on the level tables where available. The 

market value of total corporate equities outstanding for domestic 

financial institutions is shown on table L.108; however, estimates 

are not available for every financial subsector (L.109-L.132). The 

balance sheets and measures of net worth of nonfinancial 

corporate business and nonfinancial noncorporate business 

(tables B.103, B.104, R.103, and R.104) have been adjusted 

accordingly.

Other loans and advances Syndicated loans to nonfinancial corporate business from

domestic nondepository institutions (Tables F.216 and L.216, 

lines 46 to 52) have been revised from 2012:Q4 forward to reflect 

improved methodology for classifying lenders in source data.

Zillow Home Value Index (ZHVI)

replaces CoreLogic home price 

index

The newly implemented ZHVI (series FI075035253) is now used 

in place of the CoreLogic home price index (series FI075035243) 

for calculating nonfinancial corporate business, nonfinancial 

noncorporate business, and nonprofit one-to-four family 

residential real estate revaluations beginning in 1990:Q1, for 

household vacant land beginning in 1983:Q4, and for mobile 

homes beginning in 2005:Q3. Note: household owner-occupied 

real estate continues to use Zillow AVM based national (series 

PC075035233).

Release Highlights

First Quarter 2021
iv

Topic Description

Nonfinancial corporate business 

sector

Nonfinancial corporate business sector data (tables F.103, L.103, 

B.103, and R.103) has revised from 2019:Q1 forward to reflect 

new benchmark data from the Internal Revenue Service Statistics 

of Income for 2019.
v

Financial Accounts of the United States

The Statistical Release Z.1, Financial Accounts of the 

United States, or Financial Accounts,is organized into 

the following sections:

■ Matrices summarizing transactions and levels 

across sectors and tables on debt growth, net 

national wealth, gross domestic product (GDP), 

national income, saving, and so on

■ Transactions of financial assets and liabilities, 

by sector and by financial instrument 

■ Levels of financial assets and liabilities, by 

sector and by 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 tablesincluding balance sheets 

for the household sector, nonprofit organization 

sector, the household and nonprofit 

organization sector with additional equity and 

debt detail, and domestic hedge funds, as well 

as tables detailing stocks and flows of fixed 

assets

■ Integrated Macroeconomic Accounts(IMA)

The IMArelate production, income, saving, and capital 

formation from the Bureau of Economic Analysis’s 

(BEA) 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 BEA and are based on 

international guidelines and terminology as defined in 

the System of National Accounts (SNA2008).

Federal Reserve Board staff have taken many steps over 

the past several years to conform the Financial Accounts

with the SNA2008 guidelines. Nonetheless, a few 

important differences remain, in particular, the 

following in the Financial Accounts:

■ The purchase of consumer durables is treated as 

investment rather than as consumption.

■ Nonfinancial noncorporate businesses (which 

are often small businesses) are shown in a 

separate sector rather than being included in the 

household sector.

■ Some debtsecurities are recorded at book value 

rather than market value.

Concepts of Levels and Transactions 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 holding gains and 

losses; 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 

practice, other volume changes are relatively rare, and 

revaluations occur mainly for series carried at market 

value (such as corporate equities, real estate, and some 

debt securities), so for many series the change in the 

level is equal to the transactions element.

Growth Rates

Growth rates calculated from levels include revaluations 

and other changes in volume. In order to isolate the 

effect of transactions on the growth of a given asset or 

liability, users should calculate the ratio of transactions

in a given period to the level in the preceding period. 

Growth rates in table D.1 are calculated by dividing 

transactions at a seasonally adjusted annual rate 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 may differ from those 

in table D.1.

Seasonal Adjustment

Seasonal factors are recalculated and updated every 

September with the release of second-quarter data. 

Series that exhibit significant seasonal patterns are 

adjusted. The seasonal factors are generated using the X13-ARIMA seasonal adjustment program from the U.S. 

Census Bureau, estimated using the most recent 10 years 

of transaction data.Because the effects of the recent 

financial crisis resulted in distortions in the estimated 

seasonal factors for some series, seasonal factors for 

these series have been extrapolated using pre-crisis data.

Seasonally adjusted levels shown in table D.3 are 

derived by carrying forward year-end levels by 

seasonally adjusted transactions.

Explanatory Notes
vi

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. 

Sources of funds are gross savings less net capital 

transfers paid and net increase in liabilities and equity; 

uses of funds are capital expenditures and the net 

acquisition of financial assets. If a sector’s sources of

funds are greater than its uses of funds, the sector is a 

net lender of funds in the a ccounts. In the reverse case, 

the sector would be a net borrower of funds. Most of the 

data for deriving gross savings come from the BEA’s 

NIPA. 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.

Financial Accounts Guide 

Substantially more detail on the construction of the 

Financial Accountsis available in the Financial 

Accounts 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.

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. Some data submissions to 

international organizations are also available in the 

guide. The guide is updated with thequarterly release 

and is available online:

www.federalreserve.gov/apps/fof

Enhanced Financial Accounts and Data 

Visualization 

Additional supplementary information is available 

online in the Enhanced Financial Accounts, which 

augment the Financial Accounts with finer detail, 

additional types of activities, higher-frequency data, and 

more-disaggregated data. Linksto the Enhanced 

Financial Accounts are available from both the 

Financial Accounts Guidepage and the main release 

page. In addition, interactive online data visualizations

are available for selected components of the Financial 

Accounts and Enhanced Financial Accounts. Links are 

available also on the same pages.

Production Schedule 

The Financial Accounts are published four times per 

year, about 10 weeks following the end of each calendar 

quarter. The publication is available online:

www.federalreserve.gov/releases/Z1

This website also provides CSV files of quarterly data 

for transactions at a seasonally adjusted annual rate, 

unadjusted transactions, levels outstanding, balance 

sheets, debt tables, supplementary tables, and the IMA. 

In addition, the data are available as customizable

datasets through the Federal Reserve Board’s Data 

Download Program online:

www.federalreserve.gov/datadownload/default.htm

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 2021:Q1. Corporate 

profits through 2021:Q1 (preliminary). Government receipts and 

expenditures unadjusted transactions from 1952:Q1 forward. 

GDP and income unadjusted transactions from 2002:Q1 

forward. Many BEA series are downloaded via Haver Analytics. 

Households and nonprofit

organizations sector

(tables F.101 and L.101)

Estimates are largely residual, derived from other sectors’ data. 

Data for consumer credit, which are estimated directly, are 

available through 2021:Q1. Internal Revenue Service Statistics 

of Income (IRS/SOI) data for private foundations and Section 

501(c)(3-9) nonprofit organizations are available through 2017

(table B.101.n). Data on hedge funds from SEC forms PF and 

ADV through 2020:Q4 (table B.101.f).

Nonfinancial corporate business 

(tables F.103 and L.103)

Quarterly Financial Report (QFR) of the Census Bureau through 

2021:Q1; IRS/SOI data through 2019. Securities offerings, 

mortgages, bank loans, commercial paper, and other loans 

through 2021:Q1. Corporate farm data through 2019; USDA 

forecast through 2021:Q1.

Nonfinancial noncorporate business

(tables F.104 and L.104)

IRS/SOI data through 2018; bank and finance company loans, 

and mortgage borrowing through 2021:Q1. Noncorporate farm 

data through 2019; USDA forecast through 2021:Q1.

Federal government

(tables F.106 and L.106)

Data from the Monthly Treasury Statement of Receipts and 

Outlays and Monthly Statement of the Public Debt through 

2021:Q1. Data on loan programs through 2021:Q1.

State and local governments

(tables F.107 and L.107)

Gross offerings and retirements of municipal securities, deposits 

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

through 2021:Q1. Data for total financial assets from Census

Bureau through 2018:Q2. Additional financial asset detail from 

comprehensive annual financial reports of state and local 

governments through 2011:Q2.

Monetary authority

(tables F.109 and L.109)

All data through 2021:Q1.

U.S.-chartered depository 

institutions

(tables F.111 and L.111)

All data through 2021:Q1.

Foreign banking offices in U.S.

(tables F.112 and L.112)

All data through 2021:Q1.

Banks in U.S.-affiliated areas

(tables F.113 and L.113)

All data through 2021:Q1.

Credit unions

(tables F.114 and L.114)

All data through 2021:Q1.

Property-casualty insurance 

companies

(tables F.115 and L.115)

All data through 2021:Q1.

Description of Most Recent Data Available
viii

Sector Table Available at time of publication

Life insurance companies

(tables F.116 and L.116)

All data through 2021:Q1.

Private pension funds

(tables F.118 and L.118)

Internal Revenue Service/Department of Labor Form 5500 data 

through 2018. Investment Company Institute data through 

2020:Q4. BEA annual actuarial liability data through 2019:Q4.

Federal government retirement 

funds

(tables F.119 and L.119)

Data from the Monthly Treasury Statement of Receipts and 

Outlays, the Thrift Savings Plan, and the National Railroad 

Retirement Investment Trust through 2021:Q1. BEA annual 

actuarial liability data through 2020:Q4.

State and local government 

employee retirement funds

(tables F.120 and L.120)

Detailed annual survey data through 2019:Q2 and quarterly 

survey data through 2020:Q4 from the Census Bureau.

Investment Company Institute data through 2020:Q4. BEA 

annual actuarial liability data through 2019:Q4.

Money market funds

(tables F.121 and L.121)

All data through 2021:Q1.

Mutual funds

(tables F.122 and L.122)

All data through 2021:Q1.

Closed-end funds

(tables F.123 and L.123)

All data through 2021:Q1.

Exchange-traded funds

(tables F.124 and L.124)

All data through 2021:Q1.

Government-sponsored enterprises 

(GSEs)

(tables F.125 and L.125)

Data for Fannie Mae, Freddie Mac, REFCORP, Farmer Mac,

FCS, and FHLB through 2021:Q1. FICO was dissolved in 

2020:Q2.

Agency- and GSE-backed 

mortgage pools

(tables F.126 and L.126)

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

Mae through 2021:Q1.

Issuers of asset-backed securities 

(ABS)

(tables F.127 and L.127)

All data for private mortgage pools, consumer credit, business 

loans, student loans, consumer leases, and trade credit 

securitization through 2021:Q1.

Finance companies

(tables F.128 and L.128)

All data through 2021:Q1.

Real estate investment trusts 

(REITs)

(tables F.129 and L.129)

All data through 2021:Q1.

Security brokers and dealers

(tables F.130 and L.130)

FOCUS and FOGS reports through 2021:Q1.

Holding companies

(table F.131 and L.131)

All data through 2021:Q1.

Other financial business

(tables F.132 and L.132)

Estimates are largely residual, derived from other sectors’ data.

Rest of the world

(tables F.133 and L.133)

NIPA estimates, depository institutions’ Call Reports, and 

Treasury International Capital System through 2021:Q1. 

International transaction accounts and international investment 

position through 2020:Q4.
ix

Title Table Page

Summaries

Financial Accounts Matrix—Transactions 1

Financial Accounts Matrix—Levels 3

Debt Growth by Sector D.1 5

Borrowing by Sector D.2 6

Debt Outstanding by Sector D.3 7

Derivation of U.S. Net Wealth B.1 8

Distribution of Gross Domestic Product F.2 9

Distribution of National Income F.3 10

Saving and Investment F.4 11

Net Capital Transfers F.5 12

Derivation of Measures of Personal Saving F.6 13

Assets and Liabilities of the Personal Sector L.6 14

Title

Transactions Levels

Table Page Table Page

Sectors

Domestic Nonfinancial F.100 15 L.100 77

Households and Nonprofit Organizations F.101 16 L.101 78

Nonfinancial Business F.102 17 L.102 79

Nonfinancial Corporate Business F.103 18 L.103 80

Nonfinancial Noncorporate Business F.104 19 L.104 81

General Government F.105 20 L.105 82

Federal Government F.106 21 L.106 83

State and Local Governments F.107 22 L.107 84

Domestic Financial F.108 23 L.108 85

Monetary Authority F.109 24 L.109 86

Private Depository Institutions F.110 25 L.110 87

U.S.-Chartered Depository Institutions F.111 26 L.111 88

Foreign Banking Offices in U.S. F.112 27 L.112 89

Banks in U.S.-Affiliated Areas F.113 28 L.113 90

Credit Unions F.114 29 L.114 90

List of Data Tables
x

Sectors

Property-Casualty Insurance Companies F.115 29 L.115 91

Life Insurance Companies F.116 30 L.116 92

Life Insurance Companies: General Accounts F.116.g 31 L.116.g 93

Life Insurance Companies: Separate Accounts F.116.s 31 L.116.s 93

Private and Public Pension Funds F.117 32 L.117 94

Private Pension Funds F.118 33 L.118 95

Private Pension Funds: Defined Benefit Plans F.118.b 34 L.118.b 96

Private Pension Funds: Defined Contribution 

Plans F.118.c 34 L.118.c 96

Federal Government Employee Retirement Funds F.119 35 L.119 97

Federal Government Employee Retirement 

Funds: Defined Benefit Plans F.119.b 36 L.119.b 98

Federal Government Employee Retirement 

Funds: Defined Contribution Plans F.119.c 37 L.119.c 98

State and Local Government Employee Retirement 

Funds F.120 37 L.120 99

State and Local Government Employee 

Retirement Funds: Defined Benefit Plans F.120.b 38 L.120.b 100

State and Local Government Employee 

Retirement Funds: Defined Contribution 

Plans F.120.c 38 L.120.c 100

Money Market Funds F.121 39 L.121 101

Mutual Funds F.122 39 L.122 101

Closed-End Funds F.123 40 L.123 102

Exchange-Traded Funds F.124 40 L.124 102

Government-Sponsored Enterprises F.125 41 L.125 103

Agency- and GSE-Backed Mortgage Pools F.126 41 L.126 103

Issuers of Asset-Backed Securities F.127 42 L.127 104

Finance Companies F.128 43 L.128 105

Real Estate Investment Trusts (REITs) F.129 44 L.129 106

Equity Real Estate Investment Trusts F.129.e 45 L.129.e 107

Mortgage Real Estate Investment Trusts F.129.m 45 L.129.m 107

Security Brokers and Dealers F.130 46 L.130 108

Holding Companies F.131 47 L.131 109

Other Financial Business F.132 48 L.132 110

Rest of the World F.133 49 L.133 111
xi

Instruments

U.S. Official Reserve Assets and SDR Allocations F.200 50 L.200 112

Special Drawing Rights (SDRs) Certificates and Treasury 

Currency F.201 50 L.201 112

U.S. Deposits in Foreign Countries F.202 50 L.202 112

Net Interbank Transactions F.203 51 L.203 113

Checkable Deposits and Currency F.204 52 L.204 114

Time and Savings Deposits F.205 53 L.205 115

Money Market Fund Shares F.206 53 L.206 115

Federal Funds and Security Repurchase Agreements F.207 54 L.207 116

Debt Securities F.208 55 L.208 117

Open Market Paper F.209 56 L.209 118

Treasury Securities F.210 57 L.210 119

Agency- and GSE-Backed Securities F.211 58 L.211 120

Municipal Securities F.212 59 L.212 121

Corporate and Foreign Bonds F.213 60 L.213 122

Loans F.214 61 L.214 123

Depository Institution Loans Not Elsewhere Classified F.215 62 L.215 124

Other Loans and Advances F.216 63 L.216 125

Total Mortgages F.217 64 L.217 126

One-to-four-family Residential Mortgages F.218 65 L.218 127

Multifamily Residential Mortgages F.219 65 L.219 127

Commercial Mortgages F.220 66 L.220 128

Farm Mortgages F.221 66 L.221 128

Consumer Credit F.222 67 L.222 129

Corporate Equities F.223 68 L.223 130

Mutual Fund Shares F.224 68 L.224 130

Trade Credit F.225 69 L.225 131

Life Insurance Reserves F.226 69 L.226 131

Pension Entitlements F.227 70 L.227 132

Taxes Payable by Businesses F.228 70 L.228 132

Proprietors' Equity in Noncorporate Business F.229 70 L.229 132

Direct Investment F.230 71 L.230 133
xii

Instruments

Total Miscellaneous Financial Claims F.231 72 L.231 134

Identified Miscellaneous Financial Claims—Part I F.232 73 L.232 135

Identified Miscellaneous Financial Claims—Part II F.233 74 L.233 136

Unidentified Miscellaneous Financial Claims F.234 75 L.234 137

Sector Discrepancies F.7 76

Instrument Discrepancies F.8 76

Title

Balance Sheet Change in Net Worth

Table Page Table Page

Balance Sheet and Change in Net Worth

Households and Nonprofit Organizations B.101 138 R.101 141

Nonfinancial Corporate Business B.103 139 R.103 142

Nonfinancial Noncorporate Business B.104 140 R.104 143

Title Table Page

Supplementary Tables

Balance Sheet of Households B.101.h 144

Balance Sheet of Nonprofit Organizations B.101.n 145

Balance Sheet of Households and Nonprofit Organizations with Debt and Equity

Holdings Detail B.101.e 146

Balance Sheet of Domestic Hedge Funds B.101.f 147

Gross Fixed Investment F.4.g 148

Consumption of Fixed Capital F.4.c 149

Net Fixed Investment F.4.f 150

Net Stocks of Fixed Assets, current cost L.4.s 151
xiii

Title Table Page

Integrated Macroeconomic Accounts for the United States

Total Economy—Current Account S.1.a 152

Selected Aggregates for Total Economy and Sectors S.2.a 153

Households and Nonprofit Institutions Serving Households S.3.a 155

Nonfinancial Noncorporate Business S.4.a 158

Nonfinancial Corporate Business S.5.a 161

Financial Business S.6.a 164

Central Bank S.61.a 167

 Private Depository Institutions S.62.a 169

 Insurance Companies S.63.a 172

 Pension Funds S.64.a 175

 Other Financial Business S.65.a 178

Federal Government S.7.a 181

State and Local Governments S.8.a 184

Rest of the World S.9.a 187
xiv
Summary

1

Z.1, June 10, 2021 Financial Accounts Matrix--Transactions for 2020

(Billions of dollars; seasonally adjusted)

Households State Domestic Domestic Instrument

and Nonprofit Nonfinancial Federal and Local Nonfinancial Financial Rest of All DiscrepOrganziations Business Government Governments Sectors Sectors the World Sectors ancy

U S U S U S U S U S U S U S U S

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Gross saving less net cap. transfers -- 5000.8 -- 2387.1 -- -2896.4 -- 425.6 -- 4917.1 -- 390.1 -- 620.3 -- 5927.4 -- 2 Capital consumption -- 1800.8 -- 2062.2 -- 305.0 -- 303.1 -- 4471.2 -- 259.9 -- -- -- 4731.2 -- 3 Net saving (1 less 2) -- 3200.0 -- 324.8 -- -3201.5 -- 122.5 -- 445.8 -- 130.1 -- 620.3 -- 1196.3 -- 4 Gross investment (5 plus 11) 5252.2 -- 2405.6 -- -2887.2 -- 400.6 -- 5171.1 -- 214.9 -- 601.4 -- 5987.4 -- -60.05 Capital expenditures 2434.5 -- 2380.6 -- 339.0 -- 475.4 -- 5629.5 -- 275.8 -- 0.3 -- 5905.6 -- 21.86 Consumer durables 1506.5 -- -- -- -- -- -- -- 1506.5 -- -- -- -- -- 1506.5 -- -- 7 Residential 735.8 -- 146.5 -- -0.3 -- 5.5 -- 887.5 -- 2.9 -- -- -- 890.5 -- -- 8 Nonresidential 210.8 -- 2308.7 -- 342.2 -- 446.9 -- 3308.6 -- 272.8 -- -- -- 3581.5 -- -- 9 Inventory change -- -- -72.8 -- -- -- -- -- -72.8 -- -- -- -- -- -72.8 -- -- 10 Nonproduced nonfinancial assets -18.6 -- -1.8 -- -3.0 -- 23.0 -- -0.3 -- -- -- 0.3 -- -- -- -- 11 Net lending (+) or net borrowing (-) 2817.7 -- 25.0 -- -3226.2 -- -74.8 -- -458.4 -- -60.9 -- 601.1 -- 81.8 -- -81.812 Net acquisition of financial assets 3456.6 -- 1989.6 -- 1709.2 -- 341.9 -- 7497.3 -- 9578.0 -- 1349.1 -- 18424.4 -- -- 13 Net increase in liabilities and equity -- 638.9 -- 1964.7 -- 4935.4 -- 416.7 -- 7955.7 -- 9639.0 -- 748.0 -- 18342.6 -- 14 U.S. official reserve assets -- -- -- -- 8.9 0.0 -- -- 8.9 0.0 0.0 -- 0.0 9.0 9.0 9.0 -- 15 SDR certificates -- -- -- -- -- 0.0 -- -- -- 0.0 0.0 -- -- -- 0.0 0.0 -- 16 Treasury currency -- -- -- -- -- -0.0 -- -- -- -0.0 0.4 -- -- -- 0.4 -0.0 -0.417 Foreign deposits 5.6 -- 9.4 -- -- -- -- -- 15.0 -- -6.7 -- -- 82.0 8.3 82.0 73.718 Interbank claims -- -- -- -- -- -- -- -- -- -- 1506.5 1545.8 29.3 -- 1535.8 1545.8 10.019 Checkable dep. and currency 342.6 -- 776.8 -- 1326.3 -- 40.8 -- 2486.5 -- 217.6 2859.1 155.4 -- 2859.6 2859.1 -0.520 Time and savings deposits 1978.3 -- 209.3 -- -1.3 -- 40.4 -- 2226.7 -- -113.8 2209.8 96.9 -- 2209.8 2209.8 -- 21 Money market fund shares 375.8 -- 128.2 -- -- -- 7.9 -- 511.9 -- 187.4 701.3 2.0 -- 701.3 701.3 -- 22 Fed. funds and security repos -- -- 22.4 -- -- -- 19.3 -- 41.7 -- -308.7 -259.3 12.8 61.8 -254.2 -197.5 56.723 Debt securities -321.7 -9.7 60.7 683.9 0.0 4581.2 217.3 88.2 -43.6 5343.5 6355.2 923.7 16.9 61.2 6328.4 6328.4 -- 24 Open market paper -- -- 43.5 -62.3 -- -- 9.2 -- 52.7 -62.3 -65.0 -7.0 -46.1 11.0 -58.4 -58.4 -- 25 Treasury securities -26.8 -- 12.2 -- -- 4582.2 271.3 -- 256.7 4582.2 4400.4 -- -74.9 -- 4582.2 4582.2 -- 26 Agency- and GSE-backed sec. -349.4 -- 4.4 -- 0.0 -1.0 -71.4 -- -416.4 -1.0 1133.8 658.2 -60.2 -- 657.2 657.2 -- 27 Municipal securities -33.0 -9.7 0.5 5.2 -- -- 1.5 88.2 -31.0 83.7 110.3 -- 4.3 -- 83.7 83.7 -- 28 Corporate and fgn. bonds 87.5 -- -- 741.0 0.0 -- 6.8 -- 94.3 741.0 775.6 272.6 193.8 50.2 1063.7 1063.7 -- 29 Loans 110.8 640.4 6.4 810.7 254.0 0.0 5.3 1.0 376.5 1452.1 1033.0 -30.1 74.8 62.4 1484.3 1484.3 -- 30 Depository inst. loans n.e.c. -- 20.4 -- 251.3 -- -- -- -- -- 271.6 413.0 75.5 -- 65.9 413.0 413.0 -- 31 Other loans and advances 118.6 170.0 -- 275.4 187.3 0.0 -- 1.0 305.9 446.4 -45.6 -107.8 74.8 -3.5 335.1 335.1 -- 32 Mortgages -5.5 459.6 6.4 284.0 3.3 0.0 5.3 -- 9.6 743.5 736.2 2.2 -- -- 745.7 745.7 -- 33 Consumer credit -2.4 -9.5 0.0 -- 63.4 -- -- -- 61.1 -9.5 -70.6 -- -- -- -9.5 -9.5 -- 34 Corporate equities 366.9 -- -139.4 -168.5 0.0 -- -3.4 -- 224.1 -168.5 -305.6 499.1 711.8 299.7 630.3 630.3 -- 35 Mutual fund shares -35.2 -- 10.6 -- -- -- 1.2 -- -23.4 -- -215.3 -226.8 11.9 -- -226.8 -226.8 -- 36 Trade credit 7.9 8.2 99.1 136.2 11.3 17.8 10.2 49.5 128.5 211.6 40.7 101.9 85.0 4.8 254.2 318.3 64.237 Life insurance reserves 94.2 -- -- -- -- 0.2 -- -- 94.2 0.2 15.7 85.0 -9.1 15.5 100.7 100.7 -- 38 Pension entitlements 454.6 -- -- -- -- -- -- -- 454.6 -- 91.4 485.5 -13.6 46.9 532.4 532.4 -- 39 Taxes payable -- -- -- 24.4 -12.0 -- 11.2 -- -0.8 24.4 -- -8.2 -- -- -0.8 16.2 17.140 Equity in noncorp. business 35.6 -- -- 28.7 -- -- -- -- 35.6 28.7 -- 6.9 -- -- 35.6 35.6 -- 41 U.S. direct investment: debt -- -- -49.0 -- -- -- -- -- -49.0 -- -7.8 -- -- -56.7 -56.7 -56.7 -- 42 U.S. direct investment: equity -- -- 163.8 -- -- -- -- -- 163.8 -- 10.9 -- -- 174.7 174.7 174.7 -- 43 Foreig n direct investment: debt -- -- -- -55.0 -- -- -- -- -- -55.0 -- 27.1 -27.8 -- -27.8 -27.8 -- 44 Foreign direct investment: equity -- -- -- 213.8 -- -- -- -- -- 213.8 -- -8.9 204.9 -- 204.9 204.9 -- 45 Miscellaneous 41.3 0.1 691.4 290.5 122.0 336.3 -8.4 278.1 846.2 904.9 1077.1 726.9 -2.1 -13.1 1921.2 1618.8 -302.546 Sector discrepancies (1 less 4) -251.4 -- -18.5 -- -9.2 -- 25.1 -- -254.0 -- 175.2 -- 18.9 -- -60.0 -- -60.0General Notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Summary

2

Z.1, June 10, 2021 Financial Accounts Matrix--Transactions

Households State Domestic Domestic Instrument

and Nonprofit Nonfinancial Federal and Local Nonfinancial Financial Rest of All DiscrepOrganziations Business Government Governments Sectors Sectors the World Sectors ancy

U S U S U S U S U S U S U S U S

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Gross saving less net cap. transfers -- 156000105 -- 146000105 -- 316000105 -- 216000105 -- 386000105 -- 796000105 -- 266000105 -- 896000105 -- 2 Capital consumption -- 156300005 -- 146300005 -- 316300001 -- 216300001 -- 386300005 -- 796300005 -- -- -- 886300005 -- 3 Net saving (1 less 2) -- 156006305 -- 146006305 -- 316006305 -- 216006305 -- 386006305 -- 796006305 -- 266000105 -- 896006305 -- 4 Gross investment (5 plus 11) 155090005 -- 145090005 -- 315090005 -- 215090005 -- 385090005 -- 795090005 -- 265090005 -- 895090005 -- 9070050055 Capital expenditures 155050005 -- 145050005 -- 315050005 -- 215050005 -- 385050005 -- 795019005 -- 265420005 -- 895050005 -- 9060001056 Consumer durables 155111003 -- -- -- -- -- -- -- 155111003 -- -- -- -- -- 155111003 -- -- 7 Residential 155012005 -- 145012005 -- 315012065 -- 215012063 -- 385012005 -- 125012063 -- -- -- 885012005 -- -- 8 Nonresidential 165013005 -- 145013005 -- 315013005 -- 215013005 -- 385013005 -- 795013005 -- -- -- 885013005 -- -- 9 Inventory change -- -- 145020005 -- -- -- -- -- 145020005 -- -- -- -- -- 145020005 -- -- 10 Nonproduced nonfinancial assets 155420003 -- 105420005 -- 315420003 -- 215420003 -- 385420005 -- -- -- 265420005 -- -- -- -- 11 Net lending (+) or net borrowing (-) 155000005 -- 145000005 -- 315000005 -- 215000005 -- 385000005 -- 795000005 -- 265000005 -- 895000005 -- 90500000512 Net acquisition of financial assets 154090005 -- 144090005 -- 314090005 -- 214090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- -- 13 Net increase in liabilities and equity -- 154190005 -- 144194005 -- 314190005 -- 214190005 -- 384194005 -- 794194005 -- 264194005 -- 894194005 -- 14 U.S. official reserve assets -- -- -- -- 313011005 313111303 -- -- 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 -- 15 SDR certificates -- -- -- -- -- 713014003 -- -- -- 713014003 713014003 -- -- -- 713014003 713014003 -- 16 Treasury currency -- -- -- -- -- 313112003 -- -- -- 313112003 713012003 -- -- -- 713012003 313112003 90301200517 Foreign deposits 153091003 -- 103091003 -- -- -- -- -- 383091005 -- 633091003 -- -- 263191005 893091005 263191005 90309100518 Interbank claims -- -- -- -- -- -- -- -- -- -- 794010005 794110005 264016005 -- 894010005 794110005 90401000519 Checkable dep. and currency 153020005 -- 143020005 -- 313020005 -- 213020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 90302000520 Time and savings deposits 153030005 -- 143030005 -- 313030003 -- 213030000 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 21 Money market fund shares 153034005 -- 143034005 -- -- -- 213034003 -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 22 Fed. funds and security repos -- -- 102051003 -- -- -- 212051003 -- 382051005 -- 792050005 792150005 262051005 262151003 892050005 892150005 90205000523 Debt securities 154022005 163162003 144022005 104122005 314022005 314122005 214022005 213162005 384022005 384122005 794022005 794122005 264022005 264122005 894122005 894122005 -- 24 Open market paper -- -- 103069100 103169100 -- -- 213069103 -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 25 Treasury securities 153061105 -- 143061105 -- -- 313161105 213061105 -- 383061105 313161105 793061105 -- 263061105 -- 313161105 313161105 -- 26 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 313061703 313161705 213061703 -- 383061705 313161705 793061705 423161705 263061705 -- 893161705 893161705 -- 27 Municipal securities 153062005 163162003 143062005 103162000 -- -- 213062003 213162005 383062005 383162005 793062005 -- 263062003 -- 383162005 383162005 -- 28 Corporate and fgn. bonds 153063005 -- -- 103163003 313063763 -- 213063003 -- 383063005 103163003 793063005 793163005 263063005 263163005 893063005 893163005 -- 29 Loans 154023005 154123005 144023005 144123005 314023005 314123005 213065005 213169203 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 30 Depository inst. loans n.e.c. -- 153168005 -- 143168005 -- -- -- -- -- 383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 31 Other loans and advances 153069005 153169005 -- 143169005 313069005 313169003 -- 213169203 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 32 Mortgages 153065005 153165005 143065005 143165005 313065005 313165403 213065005 -- 383065005 383165005 793065005 123165005 -- -- 893065005 893065005 -- 33 Consumer credit 163066223 153166000 143066005 -- 313066220 -- -- -- 383066005 153166000 793066005 -- -- -- 153166000 153166000 -- 34 Corporate equities 153064105 -- 103064103 103164103 313064105 -- 213064103 -- 383064105 103164103 793064105 793164105 263064105 263164100 893064105 893064105 -- 35 Mutual fund shares 153064205 -- 103064203 -- -- -- 213064203 -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 36 Trade credit 163070005 163170005 143070005 143170005 313070000 313170005 213070003 213170003 383070005 383170005 793070005 793170005 263070005 263170005 893070005 893170005 90307000537 Life insurance reserves 153040005 -- -- -- -- 313140003 -- -- 153040005 313140003 793040005 543140005 543141905 263140005 893140005 893140005 -- 38 Pension entitlements 153050005 -- -- -- -- -- -- -- 153050005 -- 543050005 583150005 543151905 263150005 893150005 893150005 -- 39 Taxes payable -- -- -- 143178005 313078000 -- 213078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 90307800540 Equity in noncorp. business 152090205 -- -- 112090205 -- -- -- -- 152090205 112090205 -- 662090003 -- -- 152090205 152090205 -- 41 U.S. direct investment: debt -- -- 103092305 -- -- -- -- -- 103092305 -- 793092305 -- -- 263192305 263192305 263192305 -- 42 U.S. direct investment: equity -- -- 103092105 -- -- -- -- -- 103092105 -- 793092105 -- -- 263192101 263192101 263192101 -- 43 Foreig n direct investment: debt -- -- -- 143192305 -- -- -- -- -- 143192305 -- 793192305 263092303 -- 263092303 263092303 -- 44 Foreign direct investment: equity -- -- -- 143192105 -- -- -- -- -- 143192105 -- 793192105 263092101 -- 263092101 263092101 -- 45 Miscellaneous 153090005 543077073 143090005 143190005 313090005 313190005 213093003 223073045 383090005 383190005 793090005 793190005 263076005 263190005 893090005 893190005 90309000546 Sector discrepancies (1 less 4) 157005005 -- 107005005 -- 317005005 -- 217005005 -- 387005005 -- 797005005 -- 267005005 -- 897005005 -- 907005005General Notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Summary

3

Z.1, June 10, 2021 Financial Accounts Matrix--Levels for 2020

(Billions of dollars; amounts outstanding end of period, not seasonally adjusted)

Households State Domestic Domestic Instrument

and Nonprofit Nonfinancial Federal and Local Nonfinancial Financial Rest of All DiscrepOrganizations Business Government Governments Sectors Sectors the World Sectors ancy

A L A L A L A L A L A L A L A L

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Total financial assets 105535.4 -- 31057.2 -- 4666.1 -- 3860.3 -- 145119.0 -- 122183.0 -- 39862.1 -- 307164.1 -- -5425.82 Total liabilities and equity -- 17056.0 -- 97481.2 -- 26428.8 -- 8319.7 -- 149285.7 -- 126151.1 -- 26301.5 -- 301738.3 -- 3 Total liabilities -- 17056.0 -- 33615.9 -- 26428.8 -- 8319.7 -- 85420.4 -- 112193.7 -- 7714.7 -- 205328.8 -- 4 U.S. official reserve assets -- -- -- -- 111.7 50.9 -- -- 111.7 50.9 33.1 -- 50.9 133.7 195.6 184.6 -11.05 SDR certificates -- -- -- -- -- 5.2 -- -- -- 5.2 5.2 -- -- -- 5.2 5.2 -- 6 Treasury currency -- -- -- -- -- 23.1 -- -- -- 23.1 50.5 -- -- -- 50.5 23.1 -27.37 Foreign deposits 46.6 -- 140.4 -- -- -- -- -- 186.9 -- 0.7 -- -- 834.3 187.7 834.3 646.68 Interbank claims -- -- -- -- -- -- -- -- -- -- 3138.1 3258.2 152.9 -- 3291.0 3258.2 -32.89 Checkable dep. and currency 2886.9 -- 2454.6 -- 1732.1 -- 229.9 -- 7303.5 -- 679.9 9128.6 1142.4 -- 9125.8 9128.6 2.910 Time and savings deposits 10807.7 -- 1517.3 -- 1.0 -- 413.6 -- 12739.6 -- 242.9 13679.8 697.3 -- 13679.8 13679.8 -- 11 Money market fund shares 2595.1 -- 796.9 -- -- -- 34.5 -- 3426.5 -- 782.0 4335.6 127.1 -- 4335.6 4335.6 -- 12 Fed. Funds and security repos -- -- 35.8 -- -- -- 182.9 -- 218.7 -- 3574.0 2946.4 1068.1 1283.0 4860.8 4229.4 -631.413 Debt securities 5116.9 202.1 472.8 7257.4 0.5 23621.1 1959.9 3165.2 7550.1 34245.8 35963.9 15607.9 12870.7 4052.9 56384.7 53906.6 -2478.114 Open market paper -- -- 261.1 132.2 -- -- 86.7 -- 347.8 132.2 553.5 390.9 85.6 463.8 986.9 986.9 -- 15 Treasury securities 1677.7 -- 155.1 -- -- 23600.9 1150.3 -- 2983.2 23600.9 14491.3 -- 7073.9 -- 24548.3 23600.9 -947.516 Agency- and GSE-backed sec. 290.5 -- 25.1 -- 0.0 20.2 459.9 -- 775.5 20.2 8401.0 10066.5 1195.0 -- 10371.5 10086.7 -284.817 Municipal securities 1920.5 202.1 31.5 582.8 -- -- 18.6 3165.2 1970.7 3950.1 2234.3 -- 108.0 -- 4313.0 3950.1 -362.818 Corporate and fgn. bonds 1228.1 -- -- 6542.4 0.5 -- 244.3 -- 1472.9 6542.4 10283.9 5150.6 4408.2 3589.1 16165.0 15282.1 -882.919 Loans 1120.9 16436.1 130.4 10448.5 1928.0 0.0 261.7 22.1 3441.1 26906.7 25237.4 1924.6 905.6 752.8 29584.1 29584.1 -- 20 Depository inst. loans n.e.c. -- 370.3 -- 2766.3 -- -- -- -- -- 3136.6 4216.0 380.7 -- 698.6 4216.0 4216.0 -- 21 Other loans and advances 1019.0 665.9 -- 2339.4 418.2 0.0 -- 22.1 1437.2 3027.4 2056.1 1317.3 905.6 54.2 4398.9 4398.9 -- 22 Mortgages 76.6 11212.1 94.6 5342.8 127.2 0.0 261.7 -- 560.1 16554.9 16221.4 226.5 -- -- 16781.5 16781.5 -- 23 Consumer credit 25.3 4187.8 35.8 -- 1382.7 -- -- -- 1443.8 4187.8 2744.0 -- -- -- 4187.8 4187.8 -- 24 Corporate equities 25890.9 -- 2531.0 42213.4 33.2 -- 201.4 -- 28656.4 42213.4 26031.9 12434.1 10519.3 10560.1 65207.7 65207.7 -- 25 Mutual fund shares 11223.4 -- 376.4 -- -- -- 104.4 -- 11704.2 -- 6825.7 19562.6 1032.7 -- 19562.6 19562.6 -- 26 Trade credit 277.6 381.3 5052.5 3698.2 84.9 436.1 259.5 1100.6 5674.5 5616.1 375.9 397.2 429.5 81.5 6479.9 6094.9 -385.127 Life insurance reserves 1867.0 -- -- -- -- 52.4 -- -- 1867.0 52.4 516.6 2248.9 1.6 83.8 2385.1 2385.1 -- 28 Pension entitlements 29466.2 -- -- -- -- -- -- -- 29466.2 -- 291.3 29632.0 2.4 127.8 29759.8 29759.8 -- 29 Taxes payable -- -- -- 448.3 437.1 -- 189.7 -- 626.8 448.3 -- 164.3 -- -- 626.8 612.6 -14.230 Equity in noncorp. business 12908.1 -- -- 12817.8 -- -- -- -- 12908.1 12817.8 -- 90.3 -- -- 12908.1 12908.1 -- 31 U.S. direct investment: debt -- -- 85.9 -- -- -- -- -- 85.9 -- 15.9 -- -- 101.8 101.8 101.8 -- 32 U.S. direct investment: equity -- -- 6771.6 -- -- -- -- -- 6771.6 -- 1255.1 -- -- 8026.6 8026.6 8026.6 -- 33 Foreign direct investment: debt -- -- -- 359.4 -- -- -- -- -- 359.4 -- 176.2 535.6 -- 535.6 535.6 -- 34 Foreign direct investment: equity -- -- -- 8834.1 -- -- -- -- -- 8834.1 -- 1432.9 10267.0 -- 10267.0 10267.0 -- 35 Miscellaneous 1328.2 36.6 10691.5 11404.0 337.7 2240.1 22.9 4031.8 12380.4 17712.5 17162.8 9131.4 59.1 263.0 29602.3 27106.9 -2495.4General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of corporate equities (line 24), equity in noncorporate business (line 30), and foreign direct investment in the U.S. (FDI) equity (line 34) for domestic sectors or U.S. direct investment abroad equity for the rest of the world (line 32). The matrix shows a discrepancy in column 17 for monetary gold (line 4) because by international accounting convention, monetary gold is a financial asset without a corresponding liability.
Summary

4 Z.1, June 10, 2021 Financial Accounts Matrix--Levels

Households State Domestic Domestic Instrument

and Nonprofit Nonfinancial Federal and Local Nonfinancial Financial Rest of All DiscrepOrganizations Business Government Governments Sectors Sectors the World Sectors ancy

A L A L A L A L A L A L A L A L

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Total financial assets 154090005 -- 144090005 -- 314090005 -- 214090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- 9070050152 Total liabilities and equity -- 154190005 -- 144194005 -- 314190005 -- 214190005 -- 384194005 -- 794194005 -- 264194005 -- 894194005 -- 3 Total liabilities -- 154190005 -- 144190005 -- 314190005 -- 214190005 -- 384190005 -- 794190005 -- 264190005 -- 894190005 -- 4 U.S. official reserve assets -- -- -- -- 313011005 313111303 -- -- 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 9030110055 SDR certificates -- -- -- -- -- 713014003 -- -- -- 713014003 713014003 -- -- -- 713014003 713014003 -- 6 Treasury currency -- -- -- -- -- 313112003 -- -- -- 313112003 713012003 -- -- -- 713012003 313112003 9030120057 Foreign deposits 153091003 -- 103091003 -- -- -- -- -- 383091005 -- 633091003 -- -- 263191005 893091005 263191005 9030910058 Interbank claims -- -- -- -- -- -- -- -- -- -- 794010005 794110005 264016005 -- 894010005 794110005 9040100059 Checkable dep. and currency 153020005 -- 143020005 -- 313020005 -- 213020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 90302000510 Time and savings deposits 153030005 -- 143030005 -- 313030003 -- 213030000 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 11 Money market fund shares 153034005 -- 143034005 -- -- -- 213034003 -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 12 Fed. Funds and security repos -- -- 102051003 -- -- -- 212051003 -- 382051005 -- 792050005 792150005 262051005 262151003 892050005 892150005 90205000513 Debt securities 154022005 163162003 144022005 104122005 314022005 314122005 214022005 213162005 384022005 384122005 794022005 794122005 264022005 264122005 894022005 894122005 90402200514 Open market paper -- -- 103069100 103169100 -- -- 213069103 -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 15 Treasury securities 153061105 -- 143061105 -- -- 313161105 213061105 -- 383061105 313161105 793061105 -- 263061105 -- 893061105 313161105 90306110316 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 313061703 313161705 213061703 -- 383061705 313161705 793061705 423161705 263061705 -- 893061705 893161705 90306170317 Municipal securities 153062005 163162003 143062005 103162000 -- -- 213062003 213162005 383062005 383162005 793062005 -- 263062003 -- 893062005 383162005 90306200318 Corporate and fgn. bonds 153063005 -- -- 103163003 313063763 -- 213063003 -- 383063005 103163003 793063005 793163005 263063005 263163005 893063005 893163005 90306300319 Loans 154023005 154123005 144023005 144123005 314023005 314123005 213065005 213169203 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 20 Depository inst. loans n.e.c. -- 153168005 -- 143168005 -- -- -- -- -- 383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 21 Other loans and advances 153069005 153169005 -- 143169005 313069005 313169003 -- 213169203 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 22 Mortgages 153065005 153165005 143065005 143165005 313065005 313165403 213065005 -- 383065005 383165005 793065005 123165005 -- -- 893065005 893065005 -- 23 Consumer credit 163066223 153166000 143066005 -- 313066220 -- -- -- 383066005 153166000 793066005 -- -- -- 153166000 153166000 -- 24 Corporate equities 153064105 -- 103064103 103164103 313064105 -- 213064103 -- 383064105 103164103 793064105 793164105 263064105 263164100 893064105 893064105 -- 25 Mutual fund shares 153064205 -- 103064203 -- -- -- 213064203 -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 26 Trade credit 163070005 163170005 143070005 143170005 313070000 313170005 213070003 213170003 383070005 383170005 793070005 793170005 263070005 263170005 893070005 893170005 90307000527 Life insurance reserves 153040005 -- -- -- -- 313140003 -- -- 153040005 313140003 793040005 543140005 543141905 263140005 893140005 893140005 -- 28 Pension entitlements 153050005 -- -- -- -- -- -- -- 153050005 -- 543050005 583150005 543151905 263150005 893150005 893150005 -- 29 Taxes payable -- -- -- 143178005 313078000 -- 213078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 90307800530 Equity in noncorp. business 152090205 -- -- 112090205 -- -- -- -- 152090205 112090205 -- 662090003 -- -- 152090205 152090205 -- 31 U.S. direct investment: debt -- -- 103092305 -- -- -- -- -- 103092305 -- 793092305 -- -- 263192305 263192305 263192305 -- 32 U.S. direct investment: equity -- -- 103092105 -- -- -- -- -- 103092105 -- 793092105 -- -- 263192101 263192101 263192101 -- 33 Foreign direct investment: debt -- -- -- 143192305 -- -- -- -- -- 143192305 -- 793192305 263092303 -- 263092303 263092303 -- 34 Foreign direct investment: equity -- -- -- 143192105 -- -- -- -- -- 143192105 -- 793192105 263092101 -- 263092101 263092101 -- 35 Miscellaneous 153090005 543077073 143090005 143190005 313090005 313190005 213093003 223073045 383090005 383190005 793090005 793190005 263076005 263190005 893090005 893190005 903090005General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of corporate equities (line 24), equity in noncorporate business (line 30), and foreign direct investment in the U.S. (FDI) equity (line 34) for domestic sectors or U.S. direct investment abroad equity for the rest of the world (line 32). The matrix shows a discrepancy in column 17 for monetary gold (line 4) because by international accounting convention, monetary gold is a financial asset without a corresponding liability.
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Z.1, June 10, 2021 5 y

D.1 Debt Growth by Sector 1

In percent; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 Households Business State and Domestic Rest

One-to-four-family Consumer Federal local financial of the

Total Total res. mortgages credit Total Corporate government governments sectors world

 FG384104005 FG154104005 FG153165105 FG153166000 FG144104005 FG104104005 FG314104005 FG214104005 FG794104005 FG264104005

1981 10.23 7.16 7.23 5.54 12.87 13.59 11.76 8.02 17.21 24.34

1982 10.17 5.62 4.75 4.98 9.23 9.17 19.10 11.21 13.42 18.24

1983 12.13 11.37 10.20 12.14 9.17 8.36 18.48 11.44 13.05 3.84

1984 14.75 12.62 11.43 18.37 16.07 16.61 16.84 11.39 17.69 11.46

1985 16.09 16.75 14.61 15.95 10.98 12.64 17.75 31.85 21.08 1.74

1986 11.96 11.36 13.75 9.14 11.41 13.81 13.93 10.94 24.93 3.18

1987 8.98 9.68 13.44 4.85 7.76 8.81 8.68 12.03 15.63 3.52

1988 9.20 9.78 11.79 6.67 9.96 10.99 8.61 5.98 12.88 0.36

1989 7.49 9.37 10.94 6.30 6.27 7.30 7.63 5.31 10.14 -0.28

1990 6.56 6.81 8.85 1.87 3.63 5.38 10.99 5.00 8.58 5.06

1991 4.74 5.64 7.01 -1.07 -2.13 -2.10 11.18 9.23 6.78 2.74

1992 4.67 5.19 6.49 1.13 -0.31 0.60 10.92 1.53 8.11 4.50

1993 5.76 6.07 5.51 7.44 3.06 5.23 8.40 5.29 11.32 15.67

1994 5.18 7.49 5.56 15.23 5.40 7.10 5.11 -3.95 13.52 -2.99

1995 4.87 6.93 4.86 14.39 5.86 6.58 4.38 -5.49 11.86 15.90

1996 5.22 7.05 6.18 9.05 5.47 5.27 4.60 -1.96 13.03 14.19

1997 5.56 6.55 6.11 5.52 8.50 8.62 1.46 4.95 12.07 10.36

1998 6.74 8.09 8.08 7.22 11.65 11.02 -0.26 6.20 19.54 4.93

1999 6.67 9.36 9.35 7.80 10.33 9.40 -0.68 3.26 16.71 2.77

2000 4.75 8.82 8.65 11.36 8.93 8.03 -6.30 1.43 11.71 7.36

2001 5.76 8.60 10.55 8.65 4.82 3.28 1.35 8.80 11.05 -1.26

2002 6.64 9.73 13.26 5.56 2.15 -0.09 6.81 11.09 8.63 7.51

2003 7.83 12.33 14.49 5.30 1.14 0.13 9.50 8.32 11.16 1.73

2004 9.10 11.56 13.44 5.57 5.73 3.17 8.31 11.63 9.46 7.99

2005 8.78 10.82 13.76 4.52 8.07 5.35 6.61 6.66 9.01 7.82

2006 8.53 10.55 11.19 5.18 10.04 7.69 3.92 4.40 10.42 21.42

2007 8.17 7.14 7.20 6.11 12.57 11.74 4.66 6.23 13.65 15.44

2008 5.78 -0.03 0.74 1.31 5.80 4.11 21.44 1.44 4.54 -10.39

2009 3.67 0.45 0.88 -3.58 -3.94 -4.92 20.41 4.72 -9.62 14.53

2010 4.37 -0.59 -1.50 -1.10 -0.75 -0.90 18.53 2.86 -4.08 9.53

2011 3.67 0.14 -0.59 4.13 2.51 5.11 10.82 -0.98 -2.57 7.23

2012 4.72 0.55 -1.09 5.76 5.65 6.34 10.12 -0.26 -0.63 8.43

2013 4.18 2.29 -0.12 6.10 4.90 6.22 6.67 -0.23 1.46 9.49

2014 3.80 1.21 -0.05 7.09 6.80 6.79 5.37 -2.48 2.06 8.64

2015 4.36 2.23 1.27 7.05 7.02 7.81 5.02 0.39 1.33 0.98

2016 4.37 3.14 2.06 6.95 5.10 3.29 5.56 1.05 2.94 1.19

2017 4.20 3.90 3.06 5.34 6.05 4.20 3.74 0.00 2.08 12.07

2018 4.71 3.25 2.96 4.51 4.31 3.71 7.58 -1.59 2.19 5.09

2019 4.72 3.36 2.88 4.63 4.83 4.93 6.58 0.34 2.29 6.32

2020 12.50 3.94 4.30 -0.23 9.22 10.03 24.06 2.88 5.37 2.75

2016 -- Q1 5.92 2.28 1.16 7.52 8.45 8.70 8.08 1.35 5.43 -4.58

 Q2 4.74 3.50 2.18 6.46 4.33 2.14 6.70 2.39 3.50 2.02

 Q3 4.68 4.03 2.46 6.68 5.69 4.45 5.16 0.96 3.43 -1.15

 Q4 1.87 2.64 2.41 6.43 1.59 -2.21 1.87 -0.51 -0.70 8.13

2017 -- Q1 3.49 3.60 3.41 5.27 5.77 3.86 2.58 -2.21 2.55 9.45

 Q2 4.92 3.94 2.80 4.73 6.92 5.72 5.15 -0.49 2.29 7.92

 Q3 4.11 2.65 2.74 4.29 5.57 3.66 5.03 -0.44 3.29 12.05

 Q4 4.03 5.20 3.18 6.67 5.34 3.23 2.00 3.19 0.15 15.80

2018 -- Q1 6.85 3.26 2.76 4.12 4.05 3.42 14.36 -2.77 1.75 10.07

 Q2 4.33 3.56 3.28 3.99 3.26 2.12 6.66 0.22 2.05 4.30

 Q3 3.90 3.27 3.27 4.32 4.97 4.77 4.44 -1.18 1.97 5.61

 Q4 3.41 2.78 2.41 5.30 4.49 4.02 4.10 -2.66 2.91 0.19

2019 -- Q1 5.89 2.18 2.51 4.30 6.69 8.08 9.56 -0.66 2.15 -3.16

 Q2 3.51 4.27 3.21 4.88 4.21 4.30 3.15 -1.79 2.68 10.16

 Q3 5.86 3.26 3.24 4.42 5.89 6.35 8.86 0.92 3.33 6.98

 Q4 3.33 3.58 2.45 4.60 2.20 0.66 4.15 2.90 0.94 9.79

2020 -- Q1 10.82 3.67 3.55 0.63 19.11 24.42 11.39 0.87 24.53 -8.62

 Q2 25.60 0.06 3.05 -5.57 15.16 15.39 59.23 3.45 -7.91 4.79

 Q3 5.45 5.58 5.53 1.85 0.65 -2.15 9.10 5.53 -0.61 4.13

 Q4 6.27 6.24 4.80 2.23 1.08 1.58 10.93 1.55 5.75 10.66

2021 -- Q1 5.76 6.49 5.41 2.97 4.39 1.80 6.53 3.82 5.39 19.73

1. Debt securities and loans. Data shown are on an end-of-period basis.
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6 Z.1, June 10, 2021

D.2 Borrowing by Sector 1

Billions of dollars; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 Households Business State and Domestic Rest 

One-to-four-family Consumer Federal local financial of the

Total Total res. mortgages credit Total Corporate government governments sectors world

 FA384104005 FA154104005 FA153165105 FA153166000 FA144104005 FA104104005 FA314104005 FA214104005 FA794104005 FA264104005

1981 414.4 101.6 67.0 19.8 189.7 125.0 95.5 27.6 106.7 42.8

1982 454.0 85.8 47.4 18.8 153.1 95.3 173.4 41.7 97.1 40.6

1983 594.6 181.7 105.2 48.2 165.8 94.5 199.8 47.3 107.5 10.3

1984 811.0 222.0 127.6 81.7 320.8 207.1 215.7 52.5 164.7 30.4

1985 1015.2 331.4 181.7 84.0 254.7 184.3 265.6 163.6 232.8 5.0

1986 877.9 264.6 199.4 55.8 293.6 226.4 245.5 74.2 333.7 9.2

1987 737.8 250.8 221.6 32.3 222.3 164.3 174.2 90.4 263.1 10.6

1988 821.8 273.9 215.6 46.6 309.6 225.5 187.9 50.4 252.3 1.1

1989 730.9 288.9 224.9 47.0 213.7 165.3 180.9 47.4 224.1 -1.0

1990 688.9 229.3 200.0 15.1 132.3 132.0 280.2 47.1 211.3 17.9

1991 531.9 204.5 174.5 -8.8 -80.4 -54.2 316.6 91.2 181.5 10.1

1992 548.1 199.1 173.0 9.2 -11.3 15.2 343.8 16.5 231.8 16.9

1993 708.5 244.8 156.5 61.4 112.6 133.2 293.2 57.9 351.8 62.0

1994 674.0 320.6 166.8 135.0 205.5 191.0 193.5 -45.5 468.4 -14.5

1995 667.6 318.7 154.0 147.0 235.5 190.2 174.2 -60.8 467.4 75.3

1996 750.7 346.7 205.2 105.7 233.4 163.0 191.1 -20.5 574.6 85.5

1997 841.2 345.5 216.1 70.3 381.5 279.6 63.4 50.8 601.8 71.4

1998 1077.4 454.9 303.2 97.1 567.2 388.2 -11.4 66.8 1088.0 37.6

1999 1137.3 568.8 379.4 112.4 561.3 367.5 -30.1 37.3 1112.3 22.3

2000 866.2 585.8 383.5 176.5 538.5 346.1 -275.0 16.9 909.1 57.2

2001 1099.7 622.5 508.2 150.6 316.5 153.0 55.2 105.5 958.5 -10.5

2002 1339.2 765.2 706.2 105.2 147.4 -4.5 282.1 144.6 836.5 62.3

2003 1685.0 1063.7 874.1 105.9 80.0 6.1 420.7 120.5 1175.0 16.3

2004 2114.9 1122.3 929.4 117.2 407.3 152.6 402.8 182.4 1091.1 91.4

2005 2295.9 1174.9 1081.2 100.4 608.7 266.9 346.9 165.5 1139.4 98.9

2006 2423.7 1269.8 1000.3 120.1 818.1 403.8 219.1 116.6 1431.0 283.9

2007 2522.1 951.4 715.5 150.2 1127.8 664.5 270.4 172.5 2064.8 251.7

2008 1926.7 -4.2 79.1 34.3 585.8 260.2 1302.5 42.5 786.3 -203.6

2009 1289.2 63.7 92.7 -94.6 -421.1 -324.2 1505.8 140.7 -1733.1 227.0

2010 1577.3 -81.8 -156.3 -28.2 -76.2 -55.4 1645.9 89.4 -675.7 187.7

2011 1378.0 19.3 -58.7 109.4 251.8 310.1 1138.7 -31.7 -399.7 162.5

2012 1828.0 74.9 -107.0 158.7 580.7 404.8 1180.6 -8.1 -94.6 208.3

2013 1690.5 311.1 -11.8 177.6 529.4 420.0 857.3 -7.3 216.3 268.3

2014 1594.5 166.4 -4.8 219.1 770.7 486.1 735.9 -78.6 307.7 256.8

2015 1896.4 310.8 119.5 233.5 849.0 597.5 724.6 12.1 203.4 32.2

2016 1976.6 442.8 196.0 236.2 658.6 270.2 842.7 32.6 447.7 38.3

2017 1984.3 565.0 295.7 194.3 820.6 356.3 598.6 0.1 326.5 399.7

2018 2323.1 489.0 294.2 172.7 625.8 332.9 1258.1 -49.8 348.7 197.7

2019 2453.3 521.4 293.9 185.5 746.6 474.3 1174.9 10.5 373.6 253.1

2020 6795.6 630.7 450.6 -9.5 1494.6 1013.4 4581.2 89.2 893.6 123.6

2016 -- Q1 2677.3 320.4 110.4 255.7 1090.3 714.3 1224.6 42.0 827.0 -148.1

 Q2 2177.6 495.8 207.0 223.7 570.7 179.8 1036.5 74.5 540.6 66.5

 Q3 2174.6 574.5 235.1 235.3 758.4 375.2 811.8 29.9 533.7 -38.6

 Q4 876.9 380.4 231.4 230.2 215.0 -188.5 297.7 -16.2 -110.6 273.6

2017 -- Q1 1648.5 521.4 329.0 191.6 782.8 326.9 413.8 -69.4 400.0 313.0

 Q2 2345.9 576.0 272.2 174.2 956.1 493.4 829.2 -15.4 360.5 272.8

 Q3 1980.9 390.5 268.3 160.1 782.9 319.7 821.4 -13.9 520.8 429.0

 Q4 1962.0 772.0 313.4 251.4 760.6 285.2 330.3 99.2 24.5 584.2

2018 -- Q1 3377.2 490.2 274.4 158.0 588.4 306.7 2385.4 -86.9 279.0 391.7

 Q2 2168.7 538.7 328.0 154.4 478.1 191.9 1144.9 6.9 328.6 170.6

 Q3 1989.7 499.0 329.5 168.8 750.4 449.8 777.0 -36.7 317.2 220.9

 Q4 1756.7 428.1 244.6 209.6 686.2 383.1 725.1 -82.8 469.7 7.8

2019 -- Q1 3059.8 337.8 255.7 172.4 1035.1 778.4 1707.4 -20.4 350.3 -126.5

 Q2 1847.8 666.2 329.3 197.8 661.4 422.3 575.3 -55.2 439.3 412.9

 Q3 3111.9 514.0 335.3 181.2 935.7 630.4 1634.0 28.2 548.3 297.4

 Q4 1793.7 567.6 255.2 190.8 354.1 66.1 782.8 89.2 156.5 428.6

2020 -- Q1 5880.5 588.1 372.1 26.5 3097.3 2467.9 2168.2 26.9 4082.4 -387.4

 Q2 14290.5 10.1 322.7 -234.0 2575.1 1650.4 11598.1 107.2 -1396.7 204.8

 Q3 3235.3 901.7 589.5 76.8 114.9 -239.5 2045.4 173.2 -105.9 186.1

 Q4 3776.0 1022.7 517.9 92.7 191.1 174.8 2512.9 49.3 994.7 490.7

2021 -- Q1 3520.9 1079.4 590.5 124.5 777.0 200.7 1542.8 121.6 945.0 948.1

(1) Debt securities and loans.
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Z.1, June 10, 2021 7 y

D.3 Debt Outstanding by Sector 1

Billions of dollars; quarterly figures are seasonally adjusted 

Domestic nonfinancial sectors

 Households Business State and Domestic Rest

One-to-four-family Consumer Federal local financial of the

Total Total res. mortgages credit Total Corporate government governments sectors world

 LA384104005 LA154104005 LA153165105 LA153166000 LA144104005 LA104104005 LA314104005 LA214104005 LA794104005 LA264104005

1981 4464.7 1526.6 998.3 377.9 1658.5 1038.7 907.7 372.1 723.6 222.5

1982 4900.3 1597.9 1031.2 396.7 1807.6 1129.9 1081.0 413.8 823.4 267.2

1983 5497.7 1759.6 1116.4 444.9 1996.2 1247.2 1280.8 461.1 931.1 265.0

1984 6308.4 1977.7 1243.3 526.6 2320.6 1458.0 1496.5 513.6 1104.5 287.3

1985 7341.7 2329.8 1450.2 610.6 2572.0 1638.9 1762.0 677.9 1338.2 290.1

1986 8216.7 2592.3 1649.0 666.4 2864.7 1864.5 2007.5 752.1 1683.4 300.2

1987 8936.1 2802.0 1828.6 698.6 3109.8 2051.5 2181.7 842.6 1958.9 310.4

1988 9753.9 3084.2 2054.8 745.2 3407.1 2265.2 2369.6 893.0 2211.2 351.9

1989 10501.9 3365.6 2260.1 809.3 3645.4 2455.2 2550.5 940.4 2463.8 354.8

1990 11218.1 3624.0 2489.3 824.4 3775.9 2585.4 2830.8 987.4 2678.3 368.7

1991 11746.7 3832.1 2667.4 815.6 3688.6 2526.6 3147.4 1078.6 2859.8 375.5

1992 12298.0 4031.2 2840.4 824.8 3680.5 2545.0 3491.1 1095.1 3107.2 395.5

1993 13021.3 4278.4 2999.2 886.2 3805.5 2690.7 3784.3 1153.0 3464.3 484.8

1994 13701.7 4599.0 3165.9 1021.2 4017.3 2888.0 3977.8 1107.5 3940.8 473.4

1995 14385.1 4917.7 3319.9 1168.2 4268.7 3094.0 4152.0 1046.7 4411.1 602.5

1996 15136.1 5277.2 3538.1 1273.9 4489.6 3244.6 4343.1 1026.2 4985.7 689.1

1997 15975.2 5622.7 3754.2 1344.2 4869.1 3522.1 4406.5 1076.9 5567.4 763.6

1998 17052.6 6077.6 4057.4 1441.3 5436.2 3910.2 4395.1 1143.8 6655.4 806.0

1999 18222.0 6644.0 4434.5 1553.6 6031.9 4312.1 4365.0 1181.0 7765.4 776.7

2000 19098.0 7239.7 4816.8 1741.3 6570.4 4658.2 4090.0 1197.9 8675.5 837.1

2001 20180.7 7862.2 5324.9 1891.8 6869.9 4794.2 4145.2 1303.4 9689.9 829.5

2002 21519.9 8627.4 6031.1 1997.0 7017.3 4789.7 4427.3 1447.9 10526.4 944.5

2003 23237.2 9709.3 6914.9 2102.9 7111.5 4809.9 4848.0 1568.4 11536.7 1144.4

2004 26135.9 10856.8 7859.1 2220.1 7542.8 4986.6 5250.9 2485.4 12642.7 1265.4

2005 28418.9 12031.7 8940.4 2320.6 8151.5 5253.5 5584.8 2650.9 13727.6 1325.7

2006 30860.2 13317.0 9940.3 2456.7 8971.8 5658.3 5803.9 2767.5 15126.4 1630.2

2007 33359.0 14240.3 10625.0 2609.5 10104.5 6329.3 6074.3 2940.0 17301.8 1959.7

2008 35147.2 14109.3 10577.3 2643.8 10678.6 6584.6 7376.8 2982.4 18007.3 1562.1

2009 36117.6 13950.2 10441.3 2555.0 10161.7 6176.1 8882.6 3123.2 16556.4 1968.9

2010 37536.5 13762.3 9992.3 2646.8 10027.0 6072.4 10528.6 3218.5 15522.1 2247.7

2011 38759.1 13633.5 9785.5 2756.2 10271.6 6382.5 11667.3 3186.8 15043.6 2469.8

2012 40408.5 13567.9 9537.1 2912.9 10814.1 6753.8 12847.8 3178.7 14812.4 2827.9

2013 41994.6 13790.8 9437.0 3090.5 11327.3 7162.3 13705.1 3171.4 14972.9 2973.5

2014 43541.7 13912.2 9387.3 3309.5 12095.6 7648.8 14441.1 3092.8 15261.0 3284.8

2015 45254.5 14079.6 9492.8 3400.2 12904.4 8210.9 15165.6 3104.9 15234.0 3231.4

2016 47194.6 14492.3 9658.8 3636.4 13556.6 8476.6 16008.3 3137.4 15658.9 3311.7

2017 49289.3 15031.5 9928.8 3830.8 14513.3 8970.6 16606.9 3137.6 15948.9 3887.7

2018 51922.7 15505.6 10204.4 4007.0 15464.4 9630.0 17865.0 3087.7 16282.2 4002.2

2019 54361.0 16011.1 10482.4 4192.6 16211.9 10106.2 19039.9 3098.2 16645.0 4494.9

2020 61152.5 16638.2 10924.7 4187.8 17705.9 11119.6 23621.1 3187.3 17532.5 4805.7

2016 -- Q1 45914.2 14150.6 9511.4 3464.1 13176.4 8389.5 15471.8 3115.4 15435.0 3287.5

 Q2 46450.5 14266.9 9555.5 3520.1 13318.6 8434.5 15730.9 3134.0 15562.7 3355.6

 Q3 46986.2 14403.1 9606.8 3578.9 13507.8 8528.3 15933.9 3141.5 15690.7 3363.6

 Q4 47194.6 14492.3 9658.8 3636.4 13556.6 8476.6 16008.3 3137.4 15658.9 3311.7

2017 -- Q1 47664.5 14616.0 9734.4 3684.3 13816.6 8623.1 16111.7 3120.1 15733.3 3445.0

 Q2 48242.9 14752.5 9794.9 3727.9 14055.2 8746.4 16319.0 3116.2 15819.4 3560.5

 Q3 48731.7 14844.0 9855.9 3767.9 14250.5 8826.4 16524.4 3112.8 15945.9 3697.8

 Q4 49289.3 15031.5 9928.8 3830.8 14513.3 8970.6 16606.9 3137.6 15948.9 3887.7

2018 -- Q1 50129.8 15150.5 9993.8 3870.3 14660.2 9047.3 17203.3 3115.8 16016.6 3963.4

 Q2 50989.2 15276.2 10070.9 3904.9 15105.9 9421.8 17489.5 3117.6 16091.7 3939.4

 Q3 51488.4 15403.1 10147.8 3954.6 15293.1 9534.3 17683.7 3108.4 16167.8 3987.4

 Q4 51922.7 15505.6 10204.4 4007.0 15464.4 9630.0 17865.0 3087.7 16282.2 4002.2

2019 -- Q1 52684.1 15584.8 10263.1 4050.1 15724.7 9826.5 18291.9 3082.6 16363.3 4064.3

 Q2 53142.0 15747.6 10341.7 4099.6 15889.9 9932.1 18435.7 3068.8 16473.7 4261.6

 Q3 53916.3 15872.7 10422.1 4144.9 16123.6 10089.7 18844.2 3075.9 16608.5 4378.3

 Q4 54361.0 16011.1 10482.4 4192.6 16211.9 10106.2 19039.9 3098.2 16645.0 4494.9

2020 -- Q1 55833.0 16160.1 10572.7 4203.9 16986.0 10723.1 19582.0 3104.9 17663.4 4273.9

 Q2 59403.6 16160.7 10651.5 4145.4 17629.7 11135.7 22481.5 3131.7 17312.8 4508.0

 Q3 60210.1 16384.0 10796.7 4164.6 17658.3 11075.9 22992.8 3175.0 17284.8 4604.9

 Q4 61152.5 16638.2 10924.7 4187.8 17705.9 11119.6 23621.1 3187.3 17532.5 4805.7

2021 -- Q1 62031.5 16906.9 11071.2 4218.9 17900.1 11169.7 24006.8 3217.7 17768.2 4900.6

(1) Debt securities and loans. Data are shown on an end-of-period basis.
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B.1 Derivation of U.S. Net Wealth

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL892090005 U.S. net wealth (1) 95061.9 93509.5 105001.3 116209.6 95492.0 102968.7 107611.6 116209.6 121715.6 1

 2 LM152010005 Households’ direct holdings of nonfinancial assets 35938.6 37937.2 39962.9 43440.9 40677.2 41375.6 42302.9 43440.9 44598.5 2

 3 LM155035005 Real estate 30044.1 31792.9 33563.2 36589.3 34222.4 34896.6 35572.7 36589.3 37557.7 3

 4 LM165015205 Equipment (nonprofits) 417.5 438.6 457.0 467.9 461.6 462.8 465.7 467.9 473.9 4

 5 LM165013765 Intellectual property products (nonprofits) 174.9 184.1 192.5 203.8 195.0 198.0 200.5 203.8 205.0 5

 6 LM155111005 Consumer durable goods 5302.1 5521.7 5750.1 6179.9 5798.2 5818.2 6064.0 6179.9 6361.9 6

 7 LM112010005 Nonfin. noncorporate businesses nonfinancial assets 13224.4 13815.8 14633.9 15487.2 14722.6 14896.0 15112.4 15487.2 15709.9 7

 8 LM115035005 Real estate 11877.7 12416.4 13201.1 14039.8 13294.5 13470.0 13681.6 14039.8 14243.1 8

 9 LM115015205 Equipment 827.8 863.5 884.2 911.1 893.0 896.8 905.3 911.1 922.0 9

 10 LM115013765 Intellectual property products 259.1 273.9 289.9 289.9 290.6 292.2 289.9 289.9 287.6 10

 11 LM115020005 Inventories 259.7 262.0 258.7 246.4 244.4 236.9 235.7 246.4 257.2 11

 12 LM662090003 Fin. noncorporate businesses nonfinancial assets (2) 68.7 78.2 83.5 90.3 84.8 88.5 87.1 90.3 93.8 12

 13 LM883164105 Market value of domestic corporations (3) 38801.7 35815.7 45165.8 54647.5 35679.3 43409.9 47482.7 54647.5 58965.4 13

 14 LM103164103 Nonfinancial corporate equity 28747.5 26543.6 33680.3 42213.4 27002.7 33391.1 36934.5 42213.4 45115.2 14

 15 LM793164105 Financial corporate equity 10054.2 9272.1 11485.5 12434.1 8676.5 10018.8 10548.3 12434.1 13850.2 15

 16 LM315015005 Federal government nonfinancial assets (4) 3406.5 3522.1 3604.2 3706.9 3624.4 3639.5 3669.6 3706.9 3756.8 16

 17 LM315015605 Structures 1583.2 1638.1 1662.5 1693.6 1669.1 1665.2 1683.1 1693.6 1722.3 17

 18 LM315013265 Equipment 762.8 790.2 811.6 828.7 815.6 819.9 818.3 828.7 837.0 18

 19 LM315013765 Intellectual property products 1060.4 1093.8 1130.1 1184.6 1139.7 1154.4 1168.2 1184.6 1197.5 19

 20 LM212010095 State and local governments nonfinancial assets (4) 10974.1 11606.1 12078.0 12397.4 12175.7 12153.5 12323.9 12397.4 12648.9 20

 21 LM215015605 Structures 10588.2 11201.9 11661.5 11967.0 11757.8 11730.5 11897.0 11967.0 12214.3 21

 22 LM215013265 Equipment 254.0 264.9 270.6 276.5 270.8 273.4 275.8 276.5 279.1 22

 23 LM215013765 Intellectual property products 131.9 139.3 145.9 153.8 147.1 149.6 151.1 153.8 155.5 23

 24 FL882090265 Net U.S. financial claims on the rest of the world -7352.0 -9265.7 -10527.0 -13560.6 -11471.9 -12594.3 -13367.0 -13560.6 -14057.5 24

 25 FL264194005 U.S. financial claims on the rest of the world 23061.6 20701.6 24244.6 26301.5 20772.1 22802.6 23689.7 26301.5 27078.2 25

 26 LM263164100 U.S. holdings of foreign corporate equities 9118.1 7899.6 9459.1 10560.1 7370.8 8552.7 9133.2 10560.1 11025.9 26

 27 FL264194035 Other U.S. financial claims 13943.5 12802.1 14785.5 15741.4 13401.3 14249.9 14556.4 15741.4 16052.3 27

 28 FL264090005 Less: Foreign financial claims on U.S. 30413.7 29967.3 34771.5 39862.1 32244.0 35396.9 37056.7 39862.1 41135.7 28

 29 LM263064105 Foreign holdings of U.S. corporate equities 7019.4 6629.5 8199.0 10519.3 6723.9 8174.8 9063.3 10519.3 11189.2 29

 30 FL264090035 Other foreign financial claims 23394.3 23337.8 26572.5 29342.8 25520.1 27222.0 27993.3 29342.8 29946.5 30

 Memo:

 31 FL892090005 A. U.S. net wealth (line 1) 95061.9 93509.5 105001.3 116209.6 95492.0 102968.7 107611.6 116209.6 121715.6 31

 32 FC892090005 Change in U.S. net wealth 9988.5 -1552.4 11491.9 11208.3 -9509.3 7476.6 4642.9 8597.9 5506.1 32

 33 PC892090005 Percent change in U.S. net wealth 11.74 -1.63 12.29 10.67 -9.06 7.83 4.51 7.99 4.74 33

 34 FL152090005 B. Household net worth (5) 104553.5 105350.0 117878.2 131920.3 111355.2 119626.4 123856.6 131920.3 136917.1 34

 35 FC152090005 Change in household net worth 8754.0 796.6 12528.2 14042.0 -6523.1 8271.3 4230.2 8063.7 4996.8 35

 36 PC152090005 Percent change in household net worth 9.14 0.76 11.89 11.91 -5.53 7.43 3.54 6.51 3.79 36

(1) U.S. net wealth measures the value of tangible assets controlled by the household and nonprofit organizations, noncorporate business, and government sectors of the U.S. economy and the

 market value of domestic nonfinancial and financial corporations, net of U.S. financial obligations to the rest of the world (sum of lines 2+7+12+13+16+20+24).

(2) Assumed to be equal to proprietors’ equity in noncorporate brokers and dealers.

(3) This measure does not equal the net worth of the nonfinancial corporate business and financial business sectors reported in the Integrated Macroeconomic Accounts (tables S.2.a and S.2.q)

 because of differences in the valuation of assets.

(4) Excludes land and nonproduced nonfinancial assets.

(5) Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
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F.2 Distribution of Gross Domestic Product (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA086902005 Gross domestic product (GDP) 19543.0 20611.9 21433.2 20936.6 21561.1 19520.1 21170.3 21494.7 22061.0 1

 2 FA156901001 Personal consumption expenditures (2) 13340.4 13993.3 14544.6 14145.3 14545.5 13097.3 14401.5 14537.0 15069.2 2

 3 FA155011001 Durable goods 1410.7 1481.6 1534.4 1619.0 1496.4 1478.3 1753.0 1748.1 1938.6 3

 4 FA156901035 Nondurable goods 2761.6 2890.3 2977.9 3039.9 3056.5 2883.2 3115.4 3104.3 3269.8 4

 5 FA156901041 Services 9168.1 9621.4 10032.4 9486.5 9992.5 8735.8 9533.2 9684.6 9860.9 5

 6 FA835019905 Gross private domestic investment 3351.1 3632.9 3751.2 3604.7 3675.9 3128.6 3688.2 3926.3 3906.8 6

 7 FA835019005 Fixed investment (3) 3334.8 3575.1 3702.1 3677.6 3728.0 3427.0 3689.0 3866.2 4003.6 7

 8 FA835013001 Nonresidential 2574.5 2776.7 2895.0 2792.3 2859.3 2646.8 2787.4 2875.9 2954.1 8

 9 FA165013005 Nonprofit organizations (4) 190.5 203.3 209.6 210.8 209.0 201.2 214.4 218.8 222.7 9

 10 FA105013005 Nonfinancial corporate business 1854.6 2010.3 2094.2 2021.4 2066.9 1919.1 2018.0 2081.7 2135.8 10

 11 FA115013005 Nonfinancial noncorporate business 273.7 290.5 303.1 287.2 303.7 285.4 275.1 284.9 296.9 11

 12 FA795013005 Financial institutions 255.6 272.6 288.0 272.8 279.8 241.2 279.9 290.5 298.7 12

 13 FA835012001 Residential 760.3 798.5 807.1 885.2 868.7 780.2 901.6 990.3 1049.5 13

 14 FA155012005 Household sector 631.4 663.5 668.4 735.8 717.3 629.9 762.3 833.5 869.4 14

 15 FA105012005 Nonfinancial corporate business 11.4 6.6 3.3 7.2 4.5 9.4 7.7 7.2 9.5 15

 16 FA115012005 Nonfinancial noncorporate business 119.3 124.9 128.3 139.3 140.9 141.5 129.0 145.9 169.4 16

 17 FA125012063 REITs -1.7 3.5 7.1 2.9 5.9 -0.7 2.7 3.8 1.2 17

 18 FA145020005 Change in private inventories 16.3 57.7 49.1 -72.8 -52.1 -298.4 -0.8 60.1 -96.8 18

 19 FA105020005 Nonfinancial corporate business 17.1 53.4 50.5 -62.8 -42.4 -254.4 -2.6 48.1 -84.7 19

 20 FA115020005 Nonfinancial noncorporate business -0.7 4.4 -1.5 -10.0 -9.7 -44.0 1.8 11.9 -12.1 20

 21 FA266903005 Net U.S. exports of goods and services -555.5 -609.5 -610.5 -644.8 -494.3 -545.2 -736.1 -803.7 -861.5 21

 22 FA266903011 Exports 2374.6 2528.7 2514.8 2127.1 2438.7 1788.2 2071.6 2210.1 2295.3 22

 23 FA266903001 - Imports 2930.1 3138.2 3125.2 2772.0 2933.0 2333.3 2807.7 3013.8 3156.8 23

 Government consumption expenditures and

 24 FA366902005 gross investment 3407.0 3595.2 3747.9 3831.3 3834.1 3839.3 3816.6 3835.2 3946.5 24

 25 FA366901005 Consumption expenditures (5) 2742.7 2891.3 2995.1 3036.9 3046.0 3053.1 3022.1 3026.5 3142.1 25

 26 FA316901001 Federal 985.1 1043.5 1097.3 1142.5 1118.0 1168.1 1141.0 1142.9 1206.3 26

 27 FA216901001 State and local 1757.6 1847.8 1897.8 1894.4 1928.0 1885.0 1881.2 1883.6 1935.7 27

 28 FA365019005 Gross investment (5) 664.3 703.9 752.8 794.4 788.1 786.2 794.5 808.6 804.5 28

 29 FA315019001 Federal 278.7 295.9 321.9 342.0 334.6 336.7 346.1 350.5 350.8 29

 30 FA215019001 State and local 385.6 407.9 431.0 452.4 453.6 449.6 448.4 458.1 453.7 30

 Memo:

 31 FA266904005 Net U.S. income receipts from rest of world 292.3 284.7 269.6 204.1 243.2 151.9 211.3 209.9 189.5 31

 32 FA266904001 U.S. income receipts 1032.7 1142.9 1169.8 973.8 1054.6 866.0 973.0 1001.5 1034.7 32

 33 FA266904101 - U.S. income payments 740.4 858.2 900.2 769.7 811.4 714.2 761.7 791.6 845.2 33

 Gross national product (GNP) =

 34 FA086902105 GDP + net U.S. income receipts 19835.3 20896.6 21702.9 21140.6 21804.3 19672.0 21381.6 21704.6 22250.5 34

 Acquisition of nonproduced nonfinancial assets (net)

 35 FA155420003 Household sector -12.0 -13.2 -13.6 -18.6 -14.9 -19.6 -19.8 -20.1 -20.3 35

 36 FA105420005 Nonfinancial corporate business 0.1 -2.1 -0.4 -1.8 -3.1 -4.5 5.1 -4.5 13.3 36

 37 FA315420003 Federal government -2.2 -0.8 -2.7 -3.0 -0.5 -0.1 -11.1 -0.2 -18.3 37

 38 FA215420003 State and local governments 14.2 16.2 16.8 23.0 18.4 24.2 24.5 24.9 25.3 38

 39 FA265420005 Rest of the world -0.0 -0.1 -0.1 0.3 0.0 0.0 1.3 -0.1 0.0 39

(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Component of personal outlays, found on table F.101, line 4.

(3) Structures, equipment, and intellectual property products.

(4) Included in the households and nonprofit organizations sector (table F.101).

(5) Government inventory investment is included in consumption expenditures.
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F.3 Distribution of National Income (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA086010005 National income 16853.9 17689.6 18269.1 17608.5 18405.5 16151.0 17442.1 18435.5 18955.2 1

 2 FA156025105 Compensation of employees 10422.5 10950.1 11432.4 11490.7 11674.4 10949.5 11466.2 11872.7 12117.8 2

 3 FA156020101 Wages and salaries 8471.5 8894.2 9309.3 9370.5 9526.1 8908.8 9343.3 9703.8 9908.2 3

 4 FA156401101 Supplements to wages and salaries 1951.1 2055.9 2123.1 2120.2 2148.3 2040.7 2122.9 2168.8 2209.6 4

 5 FA146111105 Proprietors’ income with IVA and CCAdj 1509.0 1585.9 1657.7 1695.1 1706.0 1511.9 1803.0 1759.7 1737.1 5

 6 FA116112101 Rental income of persons with CCAdj 721.9 759.3 787.1 801.8 802.3 796.1 804.4 804.3 811.7 6

 7 FA096060035 Corporate profits with IVA and CCAdj 2114.5 2243.0 2250.5 2120.3 2035.0 1826.1 2325.7 2294.3 2294.1 7

 8 FA096060025 Corporate profits with IVA 2130.5 2132.0 2232.0 2138.3 2053.5 1844.3 2342.0 2313.5 2312.4 8

 9 FA096060005 Profits before tax 2183.2 2186.7 2237.3 2160.0 1994.7 1793.8 2426.1 2425.3 2536.0 9

 10 FA106060005 Domestic nonfinancial 1250.4 1255.9 1261.3 1253.2 1076.8 939.2 1507.9 1489.1 1613.4 10

 11 FA796060005 Domestic financial 435.6 418.2 470.5 475.3 444.7 471.1 483.4 502.1 497.4 11

 12 FA266060005 Rest of the world 497.2 512.5 505.4 431.4 473.1 383.6 434.9 434.2 425.2 12

 Less:

 13 FA096231001 Taxes on corporate income 311.3 282.9 298.7 285.6 255.6 236.8 307.2 342.9 358.0 13

 14 FA106231005 Domestic nonfinancial 224.2 196.4 212.4 205.9 184.8 160.6 224.5 253.8 273.2 14

 15 FA796231003 Domestic financial 87.1 86.4 86.3 79.7 70.7 76.2 82.7 89.1 84.9 15

 Equals:

 16 FA096060015 Profits after tax 1871.9 1903.8 1938.6 1874.4 1739.1 1557.1 2118.9 2082.5 2177.9 16

 17 FA096121073 Net dividends 1270.4 1390.1 1360.8 1366.1 1379.5 1364.5 1345.0 1375.4 1336.8 17

 18 FA106121075 Domestic nonfinancial 720.7 259.8 636.6 678.6 607.2 736.1 724.4 646.6 543.2 18

 19 FA796121073 Domestic financial 333.0 214.2 259.2 250.7 205.8 280.0 285.1 231.9 173.4 19

 20 FA266121073 Rest of the world 216.6 916.0 465.1 436.9 566.5 348.5 335.6 497.0 620.2 20

 21 FA096006401 Undistributed profits 601.5 513.7 577.7 508.3 359.6 192.6 773.8 707.0 841.1 21

 22 FA106006405 Domestic nonfinancial 305.5 799.7 412.4 368.8 284.8 42.5 559.0 588.7 797.0 22

 23 FA796006403 Domestic financial 15.4 117.5 124.9 144.9 168.2 114.9 115.5 181.1 239.2 23

 24 FA266006403 Rest of the world 280.6 -403.5 40.4 -5.4 -93.4 35.1 99.3 -62.8 -195.1 24

 25 FA105020601 Inventory valuation adjustment (IVA) -52.7 -54.7 -5.3 -21.7 58.9 50.4 -84.1 -111.8 -223.5 25

 26 FA096310003 Capital consumption adjustment (CCAdj) -16.0 111.0 18.5 -18.0 -18.5 -18.1 -16.3 -19.2 -18.4 26

 27 FA106310005 Domestic nonfinancial 1.6 105.1 27.0 -4.2 -5.0 -4.8 -2.7 -4.4 -4.6 27

 28 FA796310003 Domestic financial -17.6 5.9 -8.5 -13.8 -13.5 -13.4 -13.5 -14.8 -13.7 28

 29 FA086130003 Net interest and miscellaneous payments 636.4 619.1 573.4 619.1 588.9 619.3 617.2 651.2 697.6 29

 30 FA366240005 Taxes on production and imports 1364.0 1444.8 1491.4 1481.6 1530.0 1395.8 1489.2 1511.6 1546.0 30

 31 FA366402005 Less: Subsidies 59.9 63.3 73.9 746.4 75.1 1086.5 1213.5 610.4 405.3 31

 32 FA146403005 Business current transfer payments (net) 150.7 156.6 158.0 164.6 156.8 160.4 169.3 171.9 167.5 32

 33 FA156403101 To persons (net) 48.8 47.4 47.2 47.2 45.9 50.6 45.9 46.2 46.9 33

 34 FA366403145 To government (net) 99.6 101.0 89.1 90.2 85.4 86.6 91.4 97.5 91.9 34

 35 FA266403101 To rest of the world (net) 2.2 8.2 21.7 27.2 25.6 23.2 32.0 28.1 28.8 35

 36 FA366402105 Current surplus of government enterprises -5.3 -5.8 -7.6 -18.3 -12.8 -21.4 -19.5 -19.7 -11.4 36

 Memo:

 Calculation of gross domestic product

 from National income:

 37 FA086010005 National Income, from line 1 above 16853.9 17689.6 18269.1 17608.5 18405.5 16151.0 17442.1 18435.5 18955.2 37

 Plus:

 38 FA836300005 Private consumption of fixed capital 2569.7 2699.0 2832.7 2950.9 2908.7 2930.2 2961.5 3003.3 3051.5 38

 39 FA366300005 Government consumption of fixed capital 543.2 566.1 588.3 608.2 600.3 604.2 610.8 617.4 626.6 39

 40 FA087005005 Statistical discrepancy -131.4 -58.0 12.8 -27.0 -110.2 -13.4 367.2 -351.6 -382.7 40

 Less:

 41 FA266904005 Net U.S. income receipts from rest of world 292.3 284.7 269.6 204.1 243.2 151.9 211.3 209.9 189.5 41

 Equals:

 42 FA086902005 Gross domestic product (2) 19543.0 20611.9 21433.2 20936.6 21561.1 19520.1 21170.3 21494.7 22061.0 42

(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) The relationship of National income (line 37) to Gross domestic product (line 42) is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
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F.4 Saving and Investment by Sector (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA886000115 Gross saving 3755.4 3927.0 3988.4 3812.7 4150.8 3362.1 3415.3 4322.7 4249.7 1

 2 FA896006005 Net saving 642.5 661.9 567.5 253.6 641.8 -172.3 -157.1 702.0 571.7 2

 3 FA836006005 Net private saving 1603.8 1807.3 1822.2 3345.6 1995.3 4995.7 3448.2 2943.3 4841.1 3

 4 FA826006005 Domestic business 532.8 570.0 591.0 468.6 400.0 224.9 673.4 576.0 599.2 4

 5 FA106012005 Nonfinancial corporate business 495.4 506.5 468.0 454.8 425.5 386.5 527.3 479.8 465.5 5

 6 FA796012005 Financial business 37.4 63.4 122.9 13.8 -25.5 -161.6 146.2 96.2 133.7 6

 7 FA156006005 Households and institutions 1071.0 1237.3 1231.2 2877.1 1595.3 4770.8 2774.8 2367.3 4241.9 7

 8 FA366006005 Net government saving -961.3 -1145.4 -1254.7 -3092.0 -1353.5 -5168.0 -3605.3 -2241.4 -4269.4 8

 9 FA316006005 Federal -722.4 -931.7 -1047.0 -3134.7 -1150.8 -5638.3 -3528.6 -2221.2 -4305.4 9

 10 FA216006005 State and local -238.8 -213.7 -207.7 42.7 -202.7 470.3 -76.7 -20.1 36.0 10

 11 FA886300095 Consumption of fixed capital 3112.9 3265.0 3420.9 3559.1 3509.0 3534.4 3572.3 3620.7 3678.0 11

 12 FA836300005 Private 2569.7 2699.0 2832.7 2950.9 2908.7 2930.2 2961.5 3003.3 3051.5 12

 13 FA826300003 Domestic business 2031.8 2125.0 2233.6 2322.2 2294.7 2311.0 2327.7 2355.3 2384.0 13

 14 FA106300003 Nonfinancial corporate business 1489.3 1557.1 1639.2 1703.1 1684.8 1696.6 1706.5 1724.7 1744.2 14

 15 FA116300001 Nonfinancial noncorporate business 321.8 336.3 349.8 362.4 357.1 359.5 363.9 369.1 375.8 15

 16 FA796300081 Financial business 220.7 231.5 244.6 256.7 252.8 254.9 257.3 261.6 264.0 16

 17 FA156300003 Households and institutions 537.8 574.0 599.0 628.8 614.1 619.2 633.8 648.0 667.5 17

 18 FA366300005 Government 543.2 566.1 588.3 608.2 600.3 604.2 610.8 617.4 626.6 18

 19 FA316300001 Federal 277.0 285.8 294.8 305.0 300.5 303.6 305.9 310.0 313.5 19

 20 FA216300001 State and local 266.2 280.3 293.5 303.1 299.7 300.6 304.9 307.4 313.1 20

 Gross domestic investment, capital account

 21 FA885090015 transactions, and net lending, NIPAs 3623.9 3869.0 4001.2 3785.7 4040.6 3348.7 3782.4 3971.1 3866.9 21

 22 FA885019905 Gross domestic investment 4015.5 4336.8 4504.0 4399.1 4464.0 3914.9 4482.7 4734.9 4711.3 22

 23 FA835019905 Gross private domestic investment 3351.1 3632.9 3751.2 3604.7 3675.9 3128.6 3688.2 3926.3 3906.8 23

 24 FA825019905 Domestic business 2529.3 2766.1 2873.2 2658.1 2749.5 2297.5 2711.5 2874.0 2814.7 24

 25 FA105019985 Nonfinancial corporate business 1881.4 2073.8 2155.2 1963.1 2040.1 1683.4 2005.6 2123.2 2052.4 25

 26 FA115050085 Nonfinancial noncorporate business 392.3 419.7 430.0 422.2 429.7 372.9 425.9 460.3 463.6 26

 27 FA795013005 Financial business 255.6 272.6 288.0 272.8 279.8 241.2 279.9 290.5 298.7 27

 28 FA155019005 Households and institutions 821.8 866.8 878.0 946.6 926.3 831.1 976.7 1052.3 1092.1 28

 29 FA365019005 Gross government investment 664.3 703.9 752.8 794.4 788.1 786.2 794.5 808.6 804.5 29

 30 FA315019001 Federal 278.7 295.9 321.9 342.0 334.6 336.7 346.1 350.5 350.8 30

 31 FA215019001 State and local 385.6 407.9 431.0 452.4 453.6 449.6 448.4 458.1 453.7 31

 32 FA265430003 Capital account transactions (net) (2) 16.0 4.6 6.7 6.5 12.3 4.7 3.2 5.9 15.8 32

 33 FA835430005 Private 257.9 1.9 0.3 -4.4 -3.1 -5.0 -0.9 -8.6 -190.7 33

 34 FA825430005 Domestic business 285.0 5.5 -1.5 11.9 -4.0 52.5 4.3 -5.3 12.6 34

 35 FA105430005 Nonfinancial corporate business 191.6 -8.3 -1.5 11.9 -4.0 52.5 4.3 -5.3 12.6 35

 36 FA115440005 Nonfinancial noncorporate business -9.4 -3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 FA795440005 Financial business 102.7 16.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 FA155430005 Households and institutions -27.0 -3.7 1.8 -16.3 0.9 -57.5 -5.2 -3.4 -203.3 38

 39 FA365430005 Government -241.9 2.7 6.4 11.0 15.5 9.7 4.1 14.5 206.5 39

 40 FA315430005 Federal -184.2 58.7 63.4 67.8 75.1 67.7 59.2 69.1 259.1 40

 41 FA215430005 State and local -57.8 -56.0 -56.9 -56.8 -59.7 -58.0 -55.0 -54.5 -52.7 41

 42 FA885000905 Net lending (+) or net borrowing (-), NIPAs (3) -407.5 -472.4 -509.5 -620.0 -435.7 -570.9 -703.5 -769.7 -860.1 42

 43 FA835000905 Private 432.9 813.5 916.2 2669.2 1121.1 4788.9 3089.6 1677.4 3793.7 43

 44 FA825000905 Domestic business -381.1 -134.7 -34.2 93.7 -161.1 172.4 652.6 -289.0 -226.8 44

 45 FA105000995 Nonfinancial corporate business (3) -219.7 -59.8 -33.5 155.9 -36.0 333.7 591.0 -265.1 -238.0 45

 46 FA115000905 Nonfinancial noncorporate business -61.1 -80.4 -80.2 -59.8 -72.6 -13.4 -62.0 -91.3 -87.8 46

 47 FA795000905 Financial business -100.2 5.5 79.5 -2.4 -52.5 -147.9 123.6 67.3 99.0 47

 48 FA155000905 Households and institutions 814.0 948.2 950.5 2575.5 1282.2 4616.5 2437.0 1966.4 4020.5 48

 49 FA365000905 Government -840.4 -1285.9 -1425.7 -3289.2 -1556.8 -5359.8 -3793.1 -2447.1 -4653.8 49

 50 FA315000905 Federal -540.0 -1000.6 -1137.4 -3239.4 -1260.0 -5739.1 -3627.8 -2330.8 -4601.9 50

 51 FA215000905 State and local -300.5 -285.3 -288.3 -49.8 -296.9 379.3 -165.2 -116.3 -51.9 51

 52 FA087005005 Statistical discrepancy (line 21 less line 1) -131.4 -58.0 12.8 -27.0 -110.2 -13.4 367.2 -351.6 -382.7 52

 Addenda:

 53 FA895404005 Disaster losses 104.1 51.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

 54 FA835404005 Private 102.0 51.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

 55 FA825404003 Domestic business 46.8 21.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

 56 FA155404003 Households and institutions 55.2 29.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

 57 FA365404005 Government 2.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

 58 FA315404003 Federal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

 59 FA215404003 State and local 2.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 59

(1) This table is based on NIPA table 5.1 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov). It is consistent with the Integrated Macroeconomic Accounts of the

 United States jointly compiled by the Federal Reserve Board and the Bureau of Economic Analysis.

(2) Consists of net capital transfers shown on table F.5 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.2.

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
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F.5 Net Capital Transfers (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA895410005 Capital transfers paid, by sector 446.1 131.1 104.0 125.7 115.0 166.0 111.3 110.6 318.7 1

 2 FA825410005 By private business 311.8 17.5 0.0 14.5 0.0 58.0 0.0 0.0 0.0 2

 3 FA795410005 Financial corporations 104.3 17.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 FA515410073 Disaster-related insurance benefits 54.9 17.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA795410003 Other 49.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA105410003 Nonfinancial corporations 207.5 0.0 0.0 14.5 0.0 58.0 0.0 0.0 0.0 6

 7 FA115410003 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA365410005 By government 92.5 82.2 82.3 88.1 92.4 85.1 87.9 87.0 295.1 8

 9 FA315410005 Federal 91.2 82.2 82.3 88.1 92.4 85.1 87.9 87.0 295.1 9

 10 FA215400033 Investment grants to state and local govts. 66.2 65.8 68.2 73.0 72.2 72.5 73.8 73.6 72.0 10

 11 FA315410073 Disaster-related insurance benefits 10.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA315410093 Financial stabilization payments (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA315410043 Other capital transfers paid to business 1.7 1.2 1.1 0.9 0.9 1.0 0.8 0.7 0.7 13

 14 FA315410053 Other capital transfers paid to persons 6.2 6.8 6.3 7.3 6.9 6.9 8.7 6.9 206.6 14

 15 FA315410063 Capital transfers paid to rest of world (net) 7.1 7.8 6.6 6.9 12.3 4.7 4.6 5.8 15.8 15

 16 FA215410073 State and local 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA215410073 Disaster-related insurance benefits 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA155410035 By persons 28.5 28.3 21.7 23.1 22.6 22.9 23.3 23.6 23.6 18

 19 FA315400053 Estate and gift taxes, federal 23.2 22.7 16.2 17.4 16.8 17.3 17.6 17.7 17.7 19

 20 FA215400053 Estate and gift taxes, state and local 5.3 5.6 5.5 5.8 5.8 5.7 5.7 5.9 6.0 20

 21 FA265410005 By the rest of the world 13.4 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FA265410073 Disaster-related insurance benefits 13.4 3.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA265410003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FA895400005 Capital transfers received, by sector 446.1 131.1 104.0 125.7 115.0 166.0 111.3 110.6 318.7 24

 25 FA825400005 By private business 27.0 9.8 1.1 0.9 0.9 1.0 0.8 0.7 0.7 25

 26 FA795400005 Financial corporations 1.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 FA515400073 Disaster-related insurance benefits 1.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FA795400003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FA105400005 Nonfinancial corporations 16.0 6.2 1.1 0.9 0.9 1.0 0.8 0.7 0.7 29

 30 FA105400073 Disaster-related insurance benefits 14.3 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 FA105400003 Other 1.7 1.2 1.1 0.9 0.9 1.0 0.8 0.7 0.7 31

 32 FA115400005 Noncorporate business 9.4 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

 33 FA115400075 Disaster-related insurance benefits 9.4 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 FA115400003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 FA365400005 By government 346.3 94.9 89.9 97.2 94.9 99.5 97.2 97.2 95.6 35

 36 FA315400005 Federal 273.2 22.7 16.2 17.4 16.8 17.3 17.6 17.7 17.7 36

 37 FA315400053 Estate and gift taxes paid by persons 23.2 22.7 16.2 17.4 16.8 17.3 17.6 17.7 17.7 37

 38 FA315400003 Other 250.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 FA215400005 State and local 73.2 72.2 73.8 79.8 78.1 82.2 79.6 79.5 78.0 39

 40 FA215400073 Disaster-related insurance benefits 1.7 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 FA215400053 Estate and gift taxes paid by persons 5.3 5.6 5.5 5.8 5.8 5.7 5.7 5.9 6.0 41

 42 FA215400033 Investment grants paid by federal government 66.2 65.8 68.2 73.0 72.2 72.5 73.8 73.6 72.0 42

 43 FA215400003 Other 0.0 0.0 0.0 1.0 0.0 4.0 0.0 0.0 0.0 43

 44 FA155400005 By persons 43.5 18.7 6.3 20.8 6.9 60.9 8.7 6.9 206.6 44

 45 FA155400073 Disaster-related insurance benefits 30.3 12.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

 46 FA155400003 Other 13.1 6.8 6.3 20.8 6.9 60.9 8.7 6.9 206.6 46

 47 FA265400005 By the rest of the world 29.4 7.8 6.6 6.9 12.3 4.7 4.6 5.8 15.8 47

 48 FA265400033 Capital transfers paid by U.S. government 7.1 7.8 6.6 6.9 12.3 4.7 4.6 5.8 15.8 48

 49 FA265400073 Disaster-related insurance benefits 22.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

 50 FA265400003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

 Addenda: Net capital transfers paid by sector

 51 FA825440005 By private business (lines 2-25) 284.9 7.7 -1.1 13.6 -0.9 57.0 -0.8 -0.7 -0.7 51

 52 FA795440005 Financial corporations (lines 3-26) 102.7 16.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

 53 FA515440005 Property-casualty insurance companies 59.4 16.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

 54 FA545410003 Life insurance companies 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

 55 FA765440005 U.S.-chartered depository institutions 18.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

 56 FA405400033 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

 57 FA615410003 Finance companies 11.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

 58 FA665410003 Brokers and dealers 10.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

 59 FA735400033 Holding companies (GMAC) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 59

 60 FA505400033 Other financial business (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 60

 61 FA105440005 Nonfinancial corporations (lines 6-29) 191.5 -6.2 -1.1 13.6 -0.9 57.0 -0.8 -0.7 -0.7 61

 62 FA115440005 Noncorporate business (lines 7-32) -9.4 -3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 62

 63 FA365440005 By government (lines 8-35) -253.9 -12.7 -7.7 -9.1 -2.5 -14.4 -9.2 -10.2 199.4 63

 64 FA315440005 Federal (lines 9-36) -181.9 59.5 66.1 70.8 75.6 67.8 70.3 69.3 277.4 64

 65 FA215440005 State and local (lines 16-39) -71.9 -72.2 -73.8 -79.8 -78.1 -82.2 -79.6 -79.5 -78.0 65

 66 FA155440005 By persons (lines 18-44) -15.0 9.5 15.4 2.3 15.7 -37.9 14.7 16.7 -183.0 66

 67 FA265440005 By the rest of the world (lines 21-47) -16.0 -4.5 -6.6 -6.9 -12.3 -4.7 -4.6 -5.8 -15.8 67

(1) This table is based on NIPA table 5.11 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Series treated as capital losses in the financial corporations sectors rather than as capital transfers in the Financial Accounts of the United States.
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F.6 Derivation of Measures of Personal Saving (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA174090005 Net acquisition of financial assets 1871.7 1901.0 2348.6 3952.6 3523.3 6702.5 2452.6 3132.1 4172.6 1

 2 FA153091003 Foreign deposits 12.9 2.9 -1.0 5.6 37.8 -25.7 15.8 -5.6 4.5 2

 3 FA173020005 Checkable deposits and currency 204.2 -74.9 -18.4 446.7 571.9 -178.5 749.8 643.4 1904.3 3

 4 FA173030005 Time and savings deposits 282.1 475.9 589.2 2100.7 1544.1 4983.4 463.1 1412.2 1700.4 4

 5 FA173034005 Money market fund shares 68.5 185.9 426.2 384.4 979.8 1149.3 -178.4 -413.0 894.7 5

 6 FA174022005 Debt securities -108.4 841.8 347.1 -318.9 -133.2 -769.8 -766.5 393.7 -1862.1 6

 7 FA173061105 Treasury securities -63.1 596.2 220.7 -24.4 -801.6 -199.9 288.4 615.7 -699.2 7

 8 FA153061705 Agency- and GSE-backed securities 35.3 171.1 108.7 -349.4 163.6 -1160.7 -128.5 -271.9 -732.6 8

 9 FA173062005 Municipal securities -37.6 -10.8 -56.2 -32.7 -6.8 -44.2 -6.4 -73.3 -76.8 9

 10 FA153063005 Corporate and foreign bonds -43.0 85.3 73.9 87.5 511.6 635.1 -919.9 123.2 -353.5 10

 11 FA174023005 Loans -61.9 -15.3 35.9 114.9 627.7 -104.7 -150.7 87.1 46.8 11

 12 FA153064105 Corporate equities (2) 129.3 -182.3 -134.1 366.9 46.2 421.0 906.2 94.3 742.2 12

 13 FA153064205 Mutual fund shares 308.7 19.1 387.1 -35.2 -1080.6 258.5 328.0 353.3 355.3 13

 14 FA163070005 Trade receivables 11.2 6.7 7.6 7.9 7.9 7.9 7.9 7.9 7.6 14

 15 FA153040005 Life insurance reserves 19.0 49.4 16.7 94.2 197.2 10.5 78.2 90.7 -81.3 15

 16 FA153050005 Pension entitlements 479.6 288.0 402.2 454.6 487.7 390.6 421.7 518.5 292.9 16

 17 FA173099005 Miscellaneous and other assets 526.6 303.7 290.0 330.9 236.9 559.8 577.6 -50.6 167.2 17

 18 FA175050005 Gross investment in nonfinancial assets 2513.5 2650.3 2722.1 2851.0 2738.8 2569.9 2993.9 3101.5 3329.8 18

 19 FA175012005 Residential fixed investment 750.7 788.4 796.7 875.1 858.2 771.4 891.3 979.4 1038.8 19

 20 FA175013005 Nonresidential fixed investment 464.2 493.8 512.7 498.1 512.7 486.5 489.5 503.7 519.6 20

 21 FA155111003 Consumer durables 1311.4 1377.0 1427.7 1506.5 1392.5 1375.6 1631.2 1626.6 1803.9 21

 22 FA155420003 Nonproduced nonfinancial assets -12.0 -13.2 -13.6 -18.6 -14.9 -19.6 -19.8 -20.1 -20.3 22

 23 FA115020005 Inventories -0.7 4.4 -1.5 -10.0 -9.7 -44.0 1.8 11.9 -12.1 23

 24 FA176300005 Consumption of fixed capital 1926.0 2018.1 2106.0 2163.2 2121.7 2138.9 2161.8 2230.4 2279.8 24

 25 FA176320005 Residential fixed investment 484.2 519.9 540.1 562.7 554.6 558.7 564.7 572.6 581.8 25

 26 FA176330005 Nonresidential fixed investment 375.4 390.4 408.7 428.5 416.5 420.0 433.0 444.4 461.5 26

 27 FA156300103 Consumer durables 1066.4 1107.8 1157.1 1172.1 1150.5 1160.2 1164.2 1213.3 1236.5 27

 28 FA172010005 Net investment in nonfinancial assets (3) 587.5 632.2 616.2 687.8 617.1 431.0 832.1 871.1 1049.9 28

 29 FA175012865 Residential fixed investment 266.4 268.5 256.6 312.4 303.6 212.7 326.6 406.7 457.0 29

 30 FA175013865 Nonresidential fixed investment 88.8 103.3 104.0 69.6 96.1 66.5 56.5 59.3 58.1 30

 31 FA155111005 Consumer durables 245.0 269.2 270.6 334.4 241.9 215.4 467.0 413.3 567.3 31

 32 FA155420003 Nonproduced nonfinancial assets -12.0 -13.2 -13.6 -18.6 -14.9 -19.6 -19.8 -20.1 -20.3 32

 33 FA115020005 Inventories -0.7 4.4 -1.5 -10.0 -9.7 -44.0 1.8 11.9 -12.1 33

 34 FA174190005 Net increase in liabilities 1063.1 954.4 920.7 1162.0 1302.2 785.8 1458.4 1101.5 1714.1 34

 35 FA173165105 One-to-four-family residential mortgages 343.5 320.6 307.2 478.7 390.3 340.2 628.2 556.2 630.0 35

 36 FA173165205 Other mortgages 290.3 189.9 244.5 222.0 237.6 211.7 190.6 248.0 178.1 36

 37 FA153166000 Consumer credit 194.3 172.7 185.5 -9.5 26.5 -234.0 76.8 92.7 124.5 37

 38 FA173169005 Other loans and advances 62.9 -16.5 32.8 257.3 70.8 102.4 396.3 459.6 365.3 38

 39 FA173199005 Other liabilities 265.6 264.8 163.1 240.7 643.5 473.6 149.2 -303.5 427.5 39

 40 FA175440005 Net capital transfers paid (4) -24.4 6.5 15.4 2.3 15.7 -37.9 14.7 16.7 -183.0 40

 41 FA176007025 Personal saving, FOF concept (FOF) 1371.7 1585.3 2059.5 3480.8 2854.0 6309.8 1841.0 2918.4 3325.5 41

 42 FA155111005 - Net investment in consumer durables 245.0 269.2 270.6 334.4 241.9 215.4 467.0 413.3 567.3 42

 43 FA313154015 - Government insurance and pension fund reserves (5) -2.1 -2.0 -2.2 -4.0 -4.2 -5.0 -3.6 -3.2 -1.9 43

 44 FA156600075 + Contr. for govt. soc. insur., U.S.-affiliated areas 5.2 5.2 5.2 5.2 5.3 5.0 5.2 5.3 5.5 44

 45 FA176007005 = Personal saving, NIPA concept (FOF) (6) 1134.1 1323.3 1796.4 3155.6 2621.5 6104.4 1382.8 2513.6 2765.6 45

 46 FA156007015 Personal saving, NIPA concept (NIPA) 1071.0 1237.3 1231.2 2877.1 1595.3 4770.8 2774.8 2367.3 4241.9 46

 47 FA176007085 Difference 63.1 86.0 565.1 278.5 1026.2 1333.6 -1392.0 146.3 -1476.3 47

 Memo:

 48 FA156012005 Disposable personal income 14901.9 15766.5 16348.6 17525.3 16698.6 18360.8 17661.9 17379.7 19777.3 48

 Personal saving as a percentage of disposable personal income:

 49 FA176007026 FOF concept (FOF data) (line 41) 9.20 10.05 12.60 19.86 17.09 34.37 10.42 16.79 16.81 49

 50 FA176007006 NIPA concept (FOF data) (line 45) 7.61 8.39 10.99 18.01 15.70 33.25 7.83 14.46 13.98 50

 51 FA156007016 NIPA concept (NIPA data) (line 46) 7.19 7.85 7.53 16.42 9.55 25.98 15.71 13.62 21.45 51

 52 FA176007086 Difference (line 47) 0.42 0.55 3.46 1.59 6.15 7.26 -7.88 0.84 -7.46 52

(1) Consolidated statement for households and nonprofit organizations and nonfinancial noncorporate business.

(2) Directly held, and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 13), life insurance reserves (line 15), and pension entitlements (line 16).

(3) Line 18 less line 24.

(4) Table F.5, line 62 plus line 66.

(5) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(6) Lines 45 and 46 are conceptually equivalent but measure saving using different data. Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 43) and

 including contributions for government social insurance to U.S.-affiliated areas, plus net investment in nonfinancial assets net of consumer durables (line 28 less line 42) less net increase in liabilities (line 34)

 plus net capital transfers paid (line 40). Personal saving, NIPA concept (NIPA) (line 46) is disposable personal income (line 48) less personal outlays (table F.101, line 4).
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L.6 Assets and Liabilities of the Personal Sector (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL174090005 Total financial assets 78781.2 77909.2 88483.8 99426.3 81410.0 89047.6 92537.6 99426.3 103387.3 1

 2 LM153091003 Foreign deposits 39.1 42.0 41.0 46.6 50.4 44.0 47.9 46.6 47.7 2

 3 FL173020005 Checkable deposits and currency 1601.0 1526.2 1518.2 3328.9 1721.3 2045.9 2187.2 3328.9 3857.0 3

 4 FL173030005 Time and savings deposits 10233.9 10709.3 11300.7 12036.7 11714.6 12400.2 12502.2 12036.7 12487.9 4

 5 FL173034005 Money market fund shares 1717.7 1903.5 2329.8 2714.2 2531.7 2808.2 2784.7 2714.2 2897.3 5

 6 FL174022005 Debt securities 4466.2 5155.3 5733.1 5203.2 5369.3 5252.2 5063.4 5203.2 4721.7 6

 7 FL173061105 Treasury securities 1163.2 1717.8 2037.4 1757.7 1576.6 1529.9 1603.0 1757.7 1615.6 7

 8 LM153061705 Agency- and GSE-backed securities 436.3 593.5 698.5 290.5 710.4 434.8 366.6 290.5 100.7 8

 9 FL173062005 Municipal securities 1903.9 1873.6 1907.3 1926.9 1884.9 1907.1 1913.2 1926.9 1894.2 9

 10 LM153063005 Corporate and foreign bonds 962.8 970.5 1089.9 1228.1 1197.4 1380.5 1180.6 1228.1 1111.2 10

 11 FL174023005 Loans 1041.2 1026.0 1061.9 1176.7 1218.8 1192.6 1155.0 1176.7 1188.5 11

 12 FL153069005 Other loans and advances 867.7 861.0 900.4 1019.0 1058.1 1032.4 995.4 1019.0 1031.8 12

 13 FL173065005 Mortgages 138.4 133.6 133.8 132.4 134.2 134.6 134.1 132.4 131.6 13

 14 FL173066005 Consumer credit 35.2 31.3 27.7 25.3 26.5 25.7 25.5 25.3 25.0 14

 15 LM153064105 Corporate equities (2) 17974.1 16301.7 20860.6 25890.9 16210.9 19940.6 22014.6 25890.9 28284.8 15

 16 LM153064205 Mutual fund shares 8656.9 8005.0 10044.1 11223.4 8199.9 9520.8 10129.1 11223.4 11661.1 16

 17 FL163070005 Trade receivables 255.4 262.1 269.7 277.6 271.7 273.6 275.6 277.6 279.5 17

 18 FL153040005 Life insurance reserves 1626.6 1659.1 1731.3 1867.0 1733.7 1776.1 1811.9 1867.0 1854.2 18

 19 FL583150005 Pension entitlements 25975.6 25874.2 27864.0 29632.0 26610.8 27888.7 28527.2 29632.0 30042.4 19

 20 FL543150005 Life insurance companies 3221.6 3175.0 3485.9 3809.4 3265.8 3481.0 3589.7 3809.4 3822.9 20

 21 FL574190005 Private pension funds 10056.7 9720.7 10915.8 11871.4 9920.1 10779.3 11168.4 11871.4 12146.1 21

 22 FL363150005 Governments 12697.4 12978.5 13462.3 13951.2 13424.9 13628.4 13769.1 13951.2 14073.4 22

 23 FL173099005 Miscellaneous and other assets 5270.4 5574.1 5864.1 6195.0 5918.5 6056.2 6196.9 6195.0 6231.8 23

 24 FL174190005 Total liabilities 23362.2 24258.5 25172.3 26358.7 25430.7 25663.8 26063.2 26358.7 26703.3 24

 25 FL173165105 One-to-four-family residential mortgages 10579.8 10880.6 11171.0 11640.9 11236.7 11323.3 11491.3 11640.9 11767.6 25

 26 FL173165205 Other mortgages 3553.7 3743.5 3988.0 4210.0 4047.4 4100.3 4148.0 4210.0 4254.5 26

 27 FL153166000 Consumer credit 3830.8 4007.0 4192.6 4187.8 4148.2 4097.9 4143.9 4187.8 4163.2 27

 28 FL173169005 Other loans and advances 705.9 689.4 722.2 979.4 741.9 765.3 861.8 979.4 1072.8 28

 29 FL173199005 Other liabilities 4720.5 4991.6 5128.5 5416.0 5280.4 5406.0 5451.4 5416.0 5520.5 29

(1) Combined statement for households and nonprofit organizations and nonfinancial noncorporate business.

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 16), life insurance reserves (line 18), and pension entitlements (line 19).
Transactions

Z.1, June 10, 2021 15

F.100 Domestic Nonfinancial Sectors (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA386000105 Gross saving less net capital transfers paid 4886.8 5012.3 5034.1 4917.1 5129.2 4363.0 4659.1 5516.9 5569.7 1

 2 FA385090005 Gross investment 5404.3 5289.0 6079.1 5171.1 6761.2 4733.0 4642.7 4547.5 4636.3 2

 3 FA385050005 Capital expenditures 5072.9 5437.8 5636.7 5629.5 5570.7 5049.9 5830.0 6067.3 6215.3 3

 4 FA155111003 Consumer durables 1311.4 1377.0 1427.7 1506.5 1392.5 1375.6 1631.2 1626.6 1803.9 4

 5 FA385012005 Fixed residential investment 763.5 800.0 805.1 887.5 868.1 786.1 904.1 991.8 1053.5 5

 6 FA385013005 Fixed nonresidential investment 2981.7 3203.0 3354.7 3308.6 3362.3 3186.6 3296.8 3388.8 3454.7 6

 7 FA145020005 Inventory change 16.3 57.7 49.1 -72.8 -52.1 -298.4 -0.8 60.1 -96.8 7

 8 FA385420005 Nonproduced nonfinancial assets 0.0 0.1 0.1 -0.3 -0.0 -0.0 -1.3 0.1 0.0 8

 9 FA385000005 Net lending (+) or net borrowing (-) 331.5 -148.8 442.3 -458.4 1190.5 -316.9 -1187.3 -1519.8 -1579.0 9

 10 FA384090005 Net acqisition of financial assets 2751.9 3120.1 4862.4 7497.3 7246.0 14507.6 4480.5 3755.2 3854.4 10

 11 FA313011005 U.S. official reserve assets -1.7 5.0 4.6 8.9 -1.0 19.8 7.2 9.8 -10.1 11

 12 FA383091005 Foreign deposits 131.8 -107.4 23.7 15.0 -40.8 106.0 72.8 -78.1 -1.2 12

 13 FA383020005 Checkable deposits and currency 15.4 329.0 139.0 2486.5 2366.1 6442.2 1085.8 52.0 -466.7 13

 14 FA383030005 Time and savings deposits 288.9 489.8 623.5 2226.7 1986.9 5114.2 485.4 1320.1 1690.1 14

 15 FA383034005 Money market fund shares 104.4 150.4 525.2 511.9 2502.1 982.2 -940.1 -496.7 754.6 15

 16 FA382051005 Security repurchase agreements -41.8 -23.8 -2.5 41.7 47.3 71.7 10.0 38.0 -23.4 16

 17 FA384022005 Debt securities -23.5 869.8 464.6 -43.6 137.2 -179.8 -738.4 606.5 -1790.6 17

 18 FA383069105 Open market paper -4.6 38.9 54.8 52.7 57.2 -22.6 69.3 107.0 -59.8 18

 19 FA383061105 Treasury securities -15.3 568.2 278.8 256.7 -666.7 554.8 344.2 794.6 -499.7 19

 20 FA383061705 Agency- and GSE-backed securities 71.3 171.3 113.5 -416.4 211.1 -1331.2 -197.2 -348.2 -839.8 20

 21 FA383062005 Municipal securities -39.6 -8.5 -52.4 -31.0 -6.9 -39.9 -4.5 -72.6 -72.1 21

 22 FA383063005 Corporate and foreign bonds -35.4 99.9 69.9 94.3 542.5 659.1 -950.2 125.8 -319.2 22

 23 FA384023005 Loans 48.7 88.1 129.1 376.5 685.8 434.0 173.4 212.9 158.8 23

 24 FA383069005 Other loans and advances -61.8 -1.6 49.3 305.9 616.6 352.6 116.1 138.3 79.4 24

 25 FA383065005 Mortgages 22.3 2.7 1.1 9.6 -3.6 22.2 9.4 10.5 11.4 25

 26 FA383066005 Consumer credit 88.2 87.1 78.7 61.1 72.8 59.3 48.0 64.1 68.0 26

 27 FA383064105 Corporate equities 35.9 -222.4 -127.3 224.1 -69.8 282.6 756.3 -72.7 599.3 27

 28 FA383064205 Mutual fund shares 317.9 11.3 393.6 -23.4 -1068.8 270.3 339.8 365.1 367.1 28

 29 FA383070005 Trade receivables 235.9 485.9 613.0 128.5 -373.4 -872.4 886.7 872.9 845.7 29

 30 FA153040005 Life insurance reserves 19.0 49.4 16.7 94.2 197.2 10.5 78.2 90.7 -81.3 30

 31 FA153050005 Pension entitlements 479.6 288.0 402.2 454.6 487.7 390.6 421.7 518.5 292.9 31

 32 FA383078005 Taxes payable 225.6 34.5 -12.5 -0.8 -35.3 323.5 -321.3 29.8 -48.7 32

 33 FA152090205 Equity in noncorporate business 92.2 -32.4 14.9 35.6 71.5 119.3 -18.6 -29.9 27.3 33

 34 FA103092005 U.S. direct investment abroad 310.5 -157.6 77.5 114.8 -133.3 274.4 214.7 103.4 285.4 34

 35 FA383090005 Miscellaneous assets 513.0 862.5 1576.9 846.2 486.8 718.6 1966.7 212.8 1255.2 35

 36 FA384194005 Net increase in liabilities and equity 2420.5 3268.9 4420.0 7955.7 6055.5 14824.5 5667.7 5275.0 5433.3 36

 37 FA384190005 Net increase in liabilities 2371.3 3660.1 4634.1 7881.7 6201.5 14626.5 5474.5 5224.3 5309.3 37

 38 FA313111303 U.S. official reserve assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 FA313112003 Treasury currency -0.3 -0.3 -0.5 -0.0 0.0 0.0 -0.2 0.0 0.0 40

 41 FA384122005 Debt securities 772.6 1490.2 1450.7 5343.5 2935.6 13172.8 2502.1 2763.6 1917.9 41

 42 FA103169100 Open market paper 25.9 -10.2 -1.9 -62.3 -21.3 -271.1 -70.5 113.6 -223.4 42

 43 FA313161105 Treasury securities 447.0 1411.2 1176.6 4582.2 2168.3 11598.7 2048.9 2512.7 1544.4 43

 44 FA313161705 Agency- and GSE-backed securities -0.1 -1.5 -1.7 -1.0 -0.1 -0.7 -3.5 0.2 -1.5 44

 45 FA383162005 Municipal securities 14.4 -57.7 20.2 83.7 29.5 95.1 182.2 27.8 123.1 45

 46 FA103163003 Corporate and foreign bonds 285.3 148.4 257.6 741.0 759.2 1750.7 345.0 109.2 475.4 46

 47 FA384123005 Loans 1211.8 832.8 1002.6 1452.1 2944.9 1117.8 733.2 1012.5 1603.0 47

 48 FA383168005 Depository institution loans n.e.c. 84.6 221.2 57.7 271.6 1840.7 515.5 -774.1 -495.6 56.0 48

 49 FA383169005 Other loans and advances 332.7 -156.1 161.8 446.4 392.3 244.6 572.5 576.4 539.4 49

 50 FA383165005 Mortgages 600.1 595.1 597.5 743.5 685.5 591.7 857.9 839.0 883.2 50

 51 FA153166000 Consumer credit 194.3 172.7 185.5 -9.5 26.5 -234.0 76.8 92.7 124.5 51

 52 FA383170005 Trade payables 158.4 457.3 366.5 211.6 -173.4 -712.5 943.1 789.3 579.2 52

 53 FA313140003 Life insurance reserves -0.2 0.2 0.9 0.2 -0.6 -0.0 1.4 0.0 1.1 53

 54 FA143178005 Taxes payable 215.7 7.9 1.7 24.4 73.8 189.2 -189.5 24.1 -21.9 54

 55 FA143192305 Foreign direct investment: intercompany debt 0.5 -62.6 23.1 -55.0 -14.3 -61.2 -15.6 -128.7 -20.1 55

 56 FA383190005 Miscellaneous liabilities 12.8 934.5 1789.2 904.9 435.5 920.5 1500.1 763.6 1250.0 56

 57 FA143181105 Net equity issues 49.1 -391.2 -214.1 74.0 -145.9 198.0 193.2 50.7 124.0 57

 58 FA103164103 Corporate equities -325.6 -617.5 -454.0 -168.5 -386.2 -58.1 42.5 -272.3 -193.0 58

 59 FA112090205 Equity in noncoporate business 91.3 -42.0 9.7 28.7 66.1 104.7 -13.1 -42.9 13.5 59

 60 FA143192105 Foreign direct investment: equity 283.4 268.2 230.2 213.8 174.1 151.4 163.8 365.9 303.5 60

 61 FA387005005 Discrepancy -517.6 -276.7 -1045.0 -254.0 -1632.0 -370.0 16.4 969.4 933.4 61

(1) Sum of domestic nonfinancial sectors shown on tables F.101 through F.107.
Transactions

16 Z.1, June 10, 2021

F.101 Households and Nonprofit Organizations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA156010001 Personal income 16948.6 17851.8 18551.5 19727.9 18951.0 20457.3 19853.5 19649.9 22090.0 1

 2 FA156210005 - Personal current taxes 2046.7 2085.3 2202.9 2202.7 2252.4 2096.5 2191.6 2270.2 2312.7 2

 3 FA156012005 = Disposable personal income 14901.9 15766.5 16348.6 17525.3 16698.6 18360.8 17661.9 17379.7 19777.3 3

 4 FA156900005 - Personal outlays 13830.9 14529.2 15117.4 14648.2 15103.3 13590.0 14887.1 15012.4 15535.4 4

 5 FA156007015 = Personal saving, NIPA (2) 1071.0 1237.3 1231.2 2877.1 1595.3 4770.8 2774.8 2367.3 4241.9 5

 6 FA313154015 + Government insurance and pension reserves (3) -2.1 -2.0 -2.2 -4.0 -4.2 -5.0 -3.6 -3.2 -1.9 6

 7 FA156600075 - Contr. for govt. soc. insur., U.S.-affiliated areas 5.2 5.2 5.2 5.2 5.3 5.0 5.2 5.3 5.5 7

 8 FA155111005 + Net investment in consumer durables 245.0 269.2 270.6 334.4 241.9 215.4 467.0 413.3 567.3 8

 9 FA156300005 + Consumption of fixed capital 1604.2 1681.7 1756.2 1800.8 1764.6 1779.4 1797.9 1861.4 1904.0 9

 10 FA155440005 - Net capital transfers paid (4) -15.0 9.5 15.4 2.3 15.7 -37.9 14.7 16.7 -183.0 10

 11 FA156000105 = Gross saving less net capital transfers paid 2927.8 3171.5 3235.2 5000.8 3576.6 6793.6 5016.3 4616.7 6888.8 11

 12 FA155090005 Gross investment 2897.3 3280.4 3788.0 5252.2 4536.5 8019.1 3641.5 4811.5 5401.1 12

 13 FA155050005 Capital expenditures 2121.2 2230.6 2292.2 2434.5 2303.9 2187.1 2588.1 2658.8 2875.6 13

 14 FA155111003 Consumer durable goods 1311.4 1377.0 1427.7 1506.5 1392.5 1375.6 1631.2 1626.6 1803.9 14

 15 FA155012005 Residential 631.4 663.5 668.4 735.8 717.3 629.9 762.3 833.5 869.4 15

 16 FA165013005 Nonprofit nonresidential 190.5 203.3 209.6 210.8 209.0 201.2 214.4 218.8 222.7 16

 17 FA155420003 Nonproduced nonfinancial assets -12.0 -13.2 -13.6 -18.6 -14.9 -19.6 -19.8 -20.1 -20.3 17

 18 FA155000005 Net lending (+) or net borrowing (-) 776.1 1049.9 1495.8 2817.7 2232.5 5832.0 1053.4 2152.7 2525.5 18

 19 FA154090005 Net acquisition of financial assets 1349.3 1549.9 2026.8 3456.6 2839.0 5846.4 1961.7 3179.2 3621.7 19

 20 FA153091003 Foreign deposits 12.9 2.9 -1.0 5.6 37.8 -25.7 15.8 -5.6 4.5 20

 21 FA153020005 Checkable deposits and currency 177.4 -86.3 -38.9 342.6 340.2 -372.2 757.5 644.9 1665.6 21

 22 FA153030005 Time and savings deposits 191.0 428.2 530.6 1978.3 1245.4 4752.7 477.6 1437.3 1415.1 22

 23 FA153034005 Money market fund shares 59.4 181.1 420.4 375.8 965.8 1131.6 -183.9 -410.5 914.5 23

 24 FA154022005 Debt securities -115.3 839.8 346.1 -321.7 -119.0 -784.6 -773.0 390.0 -1863.1 24

 25 FA153061105 Treasury securities -69.2 594.0 219.8 -26.8 -786.4 -214.3 282.0 611.4 -701.8 25

 26 FA153061705 Agency- and GSE-backed securities 35.3 171.1 108.7 -349.4 163.6 -1160.7 -128.5 -271.9 -732.6 26

 27 FA153062005 Municipal securities -38.4 -10.5 -56.3 -33.0 -7.9 -44.6 -6.5 -72.7 -75.3 27

 28 FA153063005 Corporate and foreign bonds -43.0 85.3 73.9 87.5 511.6 635.1 -919.9 123.2 -353.5 28

 29 FA154023005 Loans -70.3 -16.3 33.2 110.8 621.2 -113.0 -153.3 88.3 46.5 29

 30 FA153069005 Other loans and advances (5) -61.1 -6.7 39.4 118.6 630.7 -102.6 -147.9 94.4 51.1 30

 31 FA153065005 Mortgages -3.1 -5.8 -2.5 -5.5 -5.0 -6.9 -4.6 -5.4 -3.4 31

 32 FA163066223 Consumer credit (student loans) -6.2 -3.9 -3.6 -2.4 -4.5 -3.4 -0.9 -0.6 -1.2 32

 33 FA153064105 Corporate equities (6) 129.3 -182.3 -134.1 366.9 46.2 421.0 906.2 94.3 742.2 33

 34 FA153064205 Mutual fund shares 308.7 19.1 387.1 -35.2 -1080.6 258.5 328.0 353.3 355.3 34

 35 FA163070005 Trade receivables 11.2 6.7 7.6 7.9 7.9 7.9 7.9 7.9 7.6 35

 36 FA153040005 Life insurance reserves 19.0 49.4 16.7 94.2 197.2 10.5 78.2 90.7 -81.3 36

 37 FA153050005 Pension entitlements (7) 479.6 288.0 402.2 454.6 487.7 390.6 421.7 518.5 292.9 37

 38 FA152090205 Equity in noncorporate business 92.2 -32.4 14.9 35.6 71.5 119.3 -18.6 -29.9 27.3 38

 39 FA153090005 Miscellaneous assets 54.2 52.1 41.8 41.3 18.0 49.8 97.6 -0.3 94.7 39

 40 FA154190005 Net increase in liabilities 573.1 500.1 530.9 638.9 606.5 14.4 908.2 1026.5 1096.2 40

 41 FA163162003 Debt securities (municipal securities) 1.4 -2.5 -3.3 -9.7 -11.7 -8.9 -5.4 -12.9 0.1 41

 42 FA154123005 Loans 563.5 491.5 524.7 640.4 599.8 19.0 907.1 1035.6 1079.3 42

 43 FA153165105 One-to-four-family residential mortgages (8) 295.7 294.2 293.9 450.6 372.1 322.7 589.5 517.9 590.5 43

 44 FA153166000 Consumer credit 194.3 172.7 185.5 -9.5 26.5 -234.0 76.8 92.7 124.5 44

 45 FA153168005 Depository institution loans n.e.c. (9) 7.9 39.9 10.9 20.4 135.5 -21.4 -56.6 23.8 -5.5 45

 46 FA153169005 Other loans and advances 59.2 -24.9 24.9 170.0 56.7 -57.3 288.4 392.2 360.6 46

 47 FA163165505 Commercial mortgages 6.4 9.7 9.4 9.0 9.0 9.0 9.0 9.0 9.2 47

 48 FA163170005 Trade payables 6.4 9.1 8.1 8.2 8.2 8.2 8.2 8.2 8.3 48

 49 FA543077073 Deferred and unpaid life insurance premiums 1.8 1.9 1.5 0.1 10.2 -3.8 -1.7 -4.4 8.5 49

 50 FA157005005 Discrepancy 30.5 -108.9 -552.8 -251.4 -959.8 -1225.5 1374.7 -194.8 1487.6 50

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary table B.101.n shows estimates of annual year-end outstandings of nonprofit organizations.

(2) See table F.6 for derivation of alternative measures of personal saving.

(3) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(4) Table F.5, line 66.

(5) Includes cash accounts at brokers and dealers and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(6) Directly held corporate equities, including closed-end fund, exchange-traded fund, and real estate investment trust shares.

(7) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes social security.

(8) Includes loans made under home equity lines of credit and home equity loans secured by junior liens (table F.218, line 24).

(9) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF I).
Transactions

Z.1, June 10, 2021 17

F.102 Nonfinancial Business (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA146110005 Income before taxes 2970.2 3059.7 3143.0 3176.5 3011.1 2677.6 3539.7 3477.6 3581.4 1

 2 FA146000105 Gross saving less net capital transfers paid 2121.0 2405.3 2455.4 2387.1 2299.2 2113.8 2624.5 2510.8 2521.3 2

 3 FA145090005 Gross investment 2477.8 2417.1 2910.0 2405.6 3042.6 1530.8 3303.9 1744.9 2564.8 3

 4 FA145050005 Capital expenditures 2275.5 2487.9 2577.6 2380.6 2460.8 2052.5 2434.0 2575.2 2528.1 4

 5 FA145019005 Fixed investment 2259.0 2432.3 2529.0 2455.2 2515.9 2355.3 2429.7 2519.6 2611.6 5

 6 FA145012005 Residential 130.7 131.5 131.6 146.5 145.4 150.9 136.6 153.0 178.9 6

 7 FA145013005 Nonresidential 2128.3 2300.8 2397.4 2308.7 2370.5 2204.4 2293.1 2366.6 2432.7 7

 8 FA145020005 Change in inventories 16.3 57.7 49.1 -72.8 -52.1 -298.4 -0.8 60.1 -96.8 8

 9 FA105420005 Nonproduced nonfinancial assets 0.1 -2.1 -0.4 -1.8 -3.1 -4.5 5.1 -4.5 13.3 9

 10 FA145000005 Net lending (+) or net borrowing (-) 202.3 -70.8 332.4 25.0 581.9 -521.6 869.9 -830.3 36.7 10

 11 FA144090005 Net acquisition of financial assets 1161.5 1179.3 2720.2 1989.6 3647.9 1771.9 2127.1 411.6 2241.7 11

 12 FA103091003 Foreign deposits 119.0 -110.3 24.7 9.4 -78.6 131.7 57.0 -72.5 -5.7 12

 13 FA143020005 Checkable deposits and currency 10.6 249.5 170.7 776.8 1367.7 1901.7 128.2 -290.4 62.5 13

 14 FA143030005 Time and savings deposits 83.4 53.6 72.9 209.3 688.5 302.6 -22.8 -131.2 240.5 14

 15 FA143034005 Money market fund shares 44.7 -28.6 98.0 128.2 1513.0 -161.2 -752.2 -86.8 -165.1 15

 16 FA102051003 Security repurchase agreements -50.7 -25.0 -1.2 22.4 56.0 20.1 -8.5 22.1 -48.4 16

 17 FA144022005 Debt securities 35.7 21.0 70.3 60.7 175.3 83.4 -15.2 -0.8 -114.3 17

 18 FA103069100 Commercial paper -8.8 38.4 55.4 43.5 61.3 -47.1 60.5 99.4 -75.5 18

 19 FA143061105 Treasury securities 36.2 -13.4 7.6 12.2 77.9 100.3 -56.4 -73.0 -25.2 19

 20 FA103061703 Agency- and GSE-backed securities 10.0 -5.5 2.4 4.4 35.2 29.3 -20.0 -26.9 -12.6 20

 21 FA143062005 Municipal securities -1.7 1.5 4.8 0.5 0.9 0.8 0.7 -0.3 -1.0 21

 22 FA144023005 Loans 8.9 3.3 4.3 6.4 2.5 -5.0 1.6 26.6 -3.9 22

 23 FA143065005 Mortgages 10.8 3.0 4.9 6.4 8.8 10.6 5.0 1.2 2.8 23

 24 FA143066005 Consumer credit -2.0 0.2 -0.7 0.0 -6.3 -15.6 -3.4 25.4 -6.7 24

 25 FA103064103 Corporate equities -89.9 -40.7 10.2 -139.4 -112.6 -135.0 -146.5 -163.6 -139.4 25

 26 FA103064203 Mutual fund shares 8.0 -9.0 5.3 10.6 10.6 10.6 10.6 10.6 10.6 26

 27 FA143070005 Trade receivables 218.4 445.9 588.2 99.1 -354.4 -861.5 810.3 801.8 772.5 27

 28 FA103092005 U.S. direct investment abroad 310.5 -157.6 77.5 114.8 -133.3 274.4 214.7 103.4 285.4 28

 29 FA143090005 Miscellaneous assets 462.9 777.1 1599.3 691.4 513.1 210.1 1849.9 192.3 1346.9 29

 30 FA144194005 Net increase in liabilities and equity 959.2 1250.1 2387.8 1964.7 3066.0 2293.6 1257.2 1241.9 2204.9 30

 31 FA144190005 Net increase in liabilities 910.1 1641.3 2601.9 1890.7 3212.0 2095.5 1064.0 1191.2 2081.0 31

 32 FA104122005 Debt securities 324.5 133.9 269.7 683.9 752.7 1477.1 290.6 215.3 254.0 32

 33 FA103169100 Commercial paper 25.9 -10.2 -1.9 -62.3 -21.3 -271.1 -70.5 113.6 -223.4 33

 34 FA103162000 Municipal securities 13.3 -4.3 14.1 5.2 14.8 -2.5 16.1 -7.5 2.1 34

 35 FA103163003 Corporate bonds 285.3 148.4 257.6 741.0 759.2 1750.7 345.0 109.2 475.4 35

 36 FA144123005 Loans 496.1 491.9 476.9 810.7 2344.6 1098.1 -175.7 -24.3 523.0 36

 37 FA143168005 Depository institution loans n.e.c. 76.7 181.3 46.8 251.3 1705.1 536.8 -717.5 -519.4 61.5 37

 38 FA143169005 Other loans and advances 121.4 19.4 135.8 275.4 335.1 301.3 282.3 183.1 178.1 38

 39 FA143165005 Mortgages 298.0 291.2 294.3 284.0 304.4 260.0 259.4 312.1 283.4 39

 40 FA143170005 Trade payables 89.1 326.1 273.0 136.2 -212.8 -718.8 818.7 657.7 461.7 40

 41 FA143178005 Taxes payable 215.7 7.9 1.7 24.4 73.8 189.2 -189.5 24.1 -21.9 41

 42 FA143192305 Foreign direct investment: intercompany debt 0.5 -62.6 23.1 -55.0 -14.3 -61.2 -15.6 -128.7 -20.1 42

 43 FA143190005 Miscellaneous liabilities -215.9 744.2 1557.5 290.5 268.0 111.2 335.5 447.1 884.2 43

 44 FA143181105 Net equity issues 49.1 -391.2 -214.1 74.0 -145.9 198.0 193.2 50.7 124.0 44

 45 FA103164103 Corporate equities -325.6 -617.5 -454.0 -168.5 -386.2 -58.1 42.5 -272.3 -193.0 45

 46 FA112090205 Equity in noncoporate business 91.3 -42.0 9.7 28.7 66.1 104.7 -13.1 -42.9 13.5 46

 47 FA143192105 Foreign direct investment: equity 283.4 268.2 230.2 213.8 174.1 151.4 163.8 365.9 303.5 47

 48 FA107005005 Discrepancy -356.7 -11.8 -454.6 -18.5 -743.5 582.9 -679.5 766.0 -43.5 48

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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18 Z.1, June 10, 2021

F.103 Nonfinancial Corporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA106060005 Profits before tax 1250.4 1255.9 1261.3 1253.2 1076.8 939.2 1507.9 1489.1 1613.4 1

 2 FA106231005 - Taxes on corporate income 224.2 196.4 212.4 205.9 184.8 160.6 224.5 253.8 273.2 2

 3 FA106121075 - Net dividends 720.7 259.8 636.6 678.6 607.2 736.1 724.4 646.6 543.2 3

 4 FA105020601 + Inventory valuation adjustment (IVA) -52.7 -54.7 -5.3 -21.7 58.9 50.4 -84.1 -111.8 -223.5 4

 5 FA106300015 + Capital consumption allowance (1) 1488.7 1659.0 1663.0 1695.6 1676.9 1688.4 1700.2 1717.1 1736.6 5

 6 FA106006065 + Foreign earnings retained abroad 239.8 -344.3 34.4 -4.4 -79.4 30.0 84.7 -53.0 -165.3 6

 7 FA105440005 - Net capital transfers paid (2) 191.5 -6.2 -1.1 13.6 -0.9 57.0 -0.8 -0.7 -0.7 7

 8 FA106000105 = Gross savings less net capital transfers paid 1789.9 2066.0 2105.7 2024.7 1942.1 1754.3 2260.6 2141.8 2145.5 8

 9 FA105090005 Gross investment 2146.6 2077.7 2560.3 2043.2 2685.6 1171.3 2940.0 1375.8 2189.0 9

 10 FA105050005 Capital expenditures 1883.2 2068.2 2147.7 1964.0 2025.9 1669.6 2028.2 2132.5 2074.0 10

 11 FA105019005 Fixed investment (3) 1866.0 2017.0 2097.5 2028.6 2071.4 1928.5 2025.7 2088.9 2145.4 11

 12 FA105020005 Inventory change + IVA 17.1 53.4 50.5 -62.8 -42.4 -254.4 -2.6 48.1 -84.7 12

 13 FA105420005 Nonproduced nonfinancial assets 0.1 -2.1 -0.4 -1.8 -3.1 -4.5 5.1 -4.5 13.3 13

 14 FA105000005 Net lending (+) or net borrowing (-) 263.4 9.6 412.6 79.1 659.7 -498.3 911.9 -756.7 115.1 14

 15 FA104090005 Net acquisition of financial assets 547.8 870.2 2388.6 1464.9 2897.6 811.2 1649.3 501.6 1677.2 15

 16 FA103091003 Foreign deposits 119.0 -110.3 24.7 9.4 -78.6 131.7 57.0 -72.5 -5.7 16

 17 FA103020000 Checkable deposits and currency -16.2 238.0 150.2 672.7 1136.0 1708.0 135.8 -288.8 -176.2 17

 18 FA103030003 Time and savings deposits -7.7 5.8 14.3 86.9 389.7 71.9 -8.2 -106.0 -44.8 18

 19 FA103034000 Money market fund shares 35.6 -33.4 92.2 119.6 1499.0 -179.0 -757.7 -84.2 -145.3 19

 20 FA102051003 Security repurchase agreements -50.7 -25.0 -1.2 22.4 56.0 20.1 -8.5 22.1 -48.4 20

 21 FA104022005 Debt securities 28.8 19.1 69.3 58.0 189.5 68.5 -21.7 -4.5 -115.4 21

 22 FA103069100 Commercial paper -8.8 38.4 55.4 43.5 61.3 -47.1 60.5 99.4 -75.5 22

 23 FA103061103 Treasury securities 30.1 -15.6 6.7 9.8 93.1 85.9 -62.8 -77.2 -27.8 23

 24 FA103061703 Agency- and GSE-backed securities 10.0 -5.5 2.4 4.4 35.2 29.3 -20.0 -26.9 -12.6 24

 25 FA103062003 Municipal securities -2.5 1.7 4.8 0.2 -0.2 0.4 0.6 0.2 0.5 25

 26 FA104023005 Loans 0.4 2.2 1.5 2.4 -4.0 -13.3 -1.0 27.8 -4.2 26

 27 FA103065003 Mortgages 2.4 2.0 2.2 2.4 2.3 2.3 2.4 2.4 2.4 27

 28 FA103066005 Consumer credit -2.0 0.2 -0.7 0.0 -6.3 -15.6 -3.4 25.4 -6.7 28

 29 FA103064103 Corporate equities -89.9 -40.7 10.2 -139.4 -112.6 -135.0 -146.5 -163.6 -139.4 29

 30 FA103064203 Mutual fund shares 8.0 -9.0 5.3 10.6 10.6 10.6 10.6 10.6 10.6 30

 31 FA103070005 Trade receivables 163.4 396.3 540.5 52.0 -400.1 -916.0 765.4 758.7 717.2 31

 32 FA103092005 U.S. direct investment abroad (4) 310.5 -157.6 77.5 114.8 -133.3 274.4 214.7 103.4 285.4 32

 33 FA103090005 Miscellaneous assets 46.5 584.7 1404.0 455.6 345.3 -230.8 1409.3 298.7 1343.4 33

 34 FA103072005 Of which: PPP subsidies receivable 0.0 0.0 0.0 259.3 0.0 390.7 555.1 91.5 155.6 34

 35 FA104194005 Net increase in liabilities and equity 284.4 860.7 1976.0 1385.8 2237.9 1309.5 737.4 1258.3 1562.1 35

 36 FA104190005 Net increase in liabilities 328.9 1229.0 2202.5 1338.9 2450.2 1219.5 527.0 1159.1 1449.5 36

 37 FA104122005 Debt securities 324.5 133.9 269.7 683.9 752.7 1477.1 290.6 215.3 254.0 37

 38 FA103169100 Commercial paper 25.9 -10.2 -1.9 -62.3 -21.3 -271.1 -70.5 113.6 -223.4 38

 39 FA103162000 Municipal securities (5) 13.3 -4.3 14.1 5.2 14.8 -2.5 16.1 -7.5 2.1 39

 40 FA103163003 Corporate bonds (4) 285.3 148.4 257.6 741.0 759.2 1750.7 345.0 109.2 475.4 40

 41 FA104123005 Loans 31.8 199.0 204.6 329.5 1715.2 173.3 -530.2 -40.5 -53.3 41

 42 FA103168005 Depository institution loans n.e.c. -52.2 103.4 30.8 98.4 1336.5 -8.1 -743.7 -191.0 -301.8 42

 43 FA103169005 Other loans and advances (6) 117.7 10.9 128.0 188.2 321.1 141.6 174.4 115.7 173.4 43

 44 FA103165005 Mortgages -33.7 84.6 45.9 42.8 57.7 39.9 39.0 34.8 75.0 44

 45 FA103170005 Trade payables 81.3 320.7 230.1 141.4 -214.2 -549.6 717.6 611.8 410.6 45

 46 FA103178005 Taxes payable 211.1 -10.6 -6.8 13.2 54.7 167.3 -196.5 27.3 -36.7 46

 47 FA103192305 Foreign direct investment: intercompany debt 0.4 -64.6 26.0 -57.0 -14.3 -61.2 -15.9 -136.4 -19.4 47

 48 FA103190005 Miscellaneous liabilities -320.3 650.6 1478.8 227.9 156.2 12.5 261.4 481.6 894.3 48

 49 FA573074005 Pension fund contributions payable 19.2 -34.6 -0.9 -7.1 12.5 -15.4 -11.7 -13.9 -6.3 49

 50 FA573073005 Claims of pension fund on sponsor -67.0 80.1 -13.8 7.9 -65.7 28.3 44.3 24.8 30.2 50

 51 FA103193005 Other -272.4 605.1 1493.4 227.1 209.4 -0.4 228.7 470.8 870.4 51

 52 FA103181105 Net equity issues -44.5 -368.3 -226.5 46.8 -212.3 90.0 210.4 99.2 112.6 52

 53 FA103164103 Corporate equities -325.6 -617.5 -454.0 -168.5 -386.2 -58.1 42.5 -272.3 -193.0 53

 54 FA103192105 Foreign direct investment: equity 281.1 249.2 227.6 215.3 173.8 148.1 167.9 371.5 305.7 54

 55 FA107005005 Discrepancy -356.7 -11.8 -454.6 -18.5 -743.5 582.9 -679.5 766.0 -43.5 55

 Memo:

 56 FA105005305 Financing gap (7) 333.1 -342.1 76.4 -65.1 4.4 -54.7 -147.7 -62.3 -236.8 56

(1) Consumption of fixed capital plus the capital consumption adjustment.

(2) Table F.5, line 61.

(3) Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 10 and 15 respectively.

(4) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.

(5) Industrial revenue bonds issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.

(6) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table F.216.

(7) The financing gap is the difference between capital expenditures (line 10) and gross savings less net capital transfers paid less foreign earnings retained abroad (line 8 minus line 6).
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Z.1, June 10, 2021 19

F.104 Nonfinancial Noncorporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA116300005 Gross saving = consumption of fixed capital 321.8 336.3 349.8 362.4 357.1 359.5 363.9 369.1 375.8 1

 2 FA116000105 Gross saving less net capital transfers paid (1) 331.2 339.4 349.8 362.4 357.1 359.5 363.9 369.1 375.8 2

 3 FA116000105 Gross investment 331.2 339.4 349.8 362.4 357.1 359.5 363.9 369.1 375.8 3

 4 FA115050005 Capital expenditures 392.3 419.7 430.0 416.6 434.9 382.8 405.8 442.7 454.1 4

 5 FA115019005 Fixed investment (2) 393.0 415.3 431.4 426.6 444.6 426.8 404.1 430.8 466.2 5

 6 FA115020005 Change in inventories -0.7 4.4 -1.5 -10.0 -9.7 -44.0 1.8 11.9 -12.1 6

 7 FA115000005 Net lending (+) or net borrowing (-) -61.1 -80.4 -80.2 -54.2 -77.8 -23.3 -42.0 -73.6 -78.3 7

 8 FA114090005 Net acquisition of financial assets 613.7 309.1 331.6 524.7 750.4 960.8 477.8 -90.0 564.5 8

 9 FA113020005 Checkable deposits and currency 26.8 11.5 20.5 104.1 231.7 193.7 -7.7 -1.5 238.7 9

 10 FA113030003 Time and savings deposits 91.1 47.8 58.6 122.5 298.8 230.7 -14.5 -25.1 285.3 10

 11 FA113034003 Money market funds 9.1 4.8 5.8 8.7 13.9 17.7 5.5 -2.6 -19.8 11

 12 FA114022005 Debt securities 6.9 1.9 1.0 2.7 -14.2 14.9 6.5 3.7 1.1 12

 13 FA113061003 Treasury securities 6.1 2.2 0.9 2.4 -15.3 14.4 6.4 4.2 2.6 13

 14 FA113062003 Municipal securities 0.8 -0.3 0.1 0.3 1.1 0.5 0.1 -0.5 -1.5 14

 15 FA114023005 Loans 8.4 1.0 2.7 4.1 6.5 8.3 2.6 -1.2 0.4 15

 16 FA113065005 Mortgages 8.4 1.0 2.7 4.1 6.5 8.3 2.6 -1.2 0.4 16

 17 FA113066003 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA113070003 Trade receivables 55.0 49.6 47.7 47.1 45.7 54.5 44.9 43.1 55.3 18

 19 FA113090005 Miscellaneous assets 416.4 192.4 195.3 235.7 167.8 440.9 440.6 -106.4 3.5 19

 20 FA113076005 Insurance receivables 4.1 -1.3 10.0 16.1 13.0 19.1 22.2 10.1 5.4 20

 21 FA113092405 Equity investment in GSEs (3) 2.6 0.2 0.3 0.2 -0.5 0.7 0.7 0.0 0.1 21

 22 FA113072003 PPP subsidies receivable 0.0 0.0 0.0 83.6 0.0 215.6 306.2 -187.2 -37.1 22

 23 FA113093005 Other 409.7 193.6 185.0 135.7 155.4 205.5 111.4 70.7 35.1 23

 24 FA114194005 Net increase in liabilities and equity 674.8 389.4 411.8 578.9 828.2 984.1 519.8 -16.4 642.8 24

 25 FA114190005 Net increase in liabilities 581.2 412.4 399.4 551.8 761.8 876.1 537.0 32.2 631.5 25

 26 FA114123005 Loans 464.3 292.9 272.3 481.2 629.5 924.7 354.4 16.2 576.3 26

 27 FA113168005 Depository institution loans n.e.c. 128.9 77.9 16.0 152.8 368.7 544.9 26.2 -328.5 363.2 27

 28 FA113169005 Other loans and advances 3.7 8.4 7.8 87.3 14.0 159.7 107.9 67.4 4.7 28

 29 FA113165005 Mortgages 331.7 206.7 248.4 241.1 246.8 220.1 220.3 277.3 208.4 29

 30 FA113170005 Trade payables 7.8 5.4 42.9 -5.2 1.4 -169.2 101.1 45.9 51.0 30

 31 FA113178003 Taxes payable 4.6 18.5 8.4 11.2 19.1 21.9 7.0 -3.1 14.9 31

 32 FA115114305 Foreign direct investment: intercompany debt 0.1 2.0 -2.9 2.0 -0.0 -0.0 0.4 7.7 -0.6 32

 33 FA113193003 Miscellaneous liabilities 104.4 93.6 78.7 62.5 111.8 98.7 74.1 -34.5 -10.1 33

 34 FA113181115 Net equity issues 93.6 -22.9 12.4 27.2 66.4 108.0 -17.2 -48.5 11.3 34

 35 FA112090205 Proprietors’ net investment 91.3 -42.0 9.7 28.7 66.1 104.7 -13.1 -42.9 13.5 35

 36 FA115114103 Foreign direct investment: equity 2.3 19.0 2.7 -1.6 0.2 3.3 -4.1 -5.7 -2.2 36

(1) Net capital transfers paid from table F.5, line 62.

(2) Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 11 and 16 respectively.

(3) Equity in the Farm Credit System.
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20 Z.1, June 10, 2021

F.105 General Government (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA366010115 Current receipts, NIPA basis 6039.5 6210.8 6454.1 6707.1 6538.0 6923.5 6592.6 6774.3 6955.4 1

 2 FA366210005 Personal current taxes 2046.7 2085.3 2202.9 2202.7 2252.4 2096.5 2191.6 2270.2 2312.7 2

 3 FA366240005 Taxes on production and imports 1364.0 1444.8 1491.4 1481.6 1530.0 1395.8 1489.2 1511.6 1546.0 3

 4 FA366231005 Taxes on corporate income 299.6 271.0 286.8 274.7 243.2 225.8 297.2 332.7 347.5 4

 5 FA316231061 Taxes from the rest of the world 24.5 26.3 27.7 28.0 29.1 26.6 27.3 29.0 30.4 5

 6 FA366601005 Contributions for govt. social insurance 1303.7 1365.6 1424.0 1446.3 1456.8 1393.3 1446.9 1488.4 1528.1 6

 7 FA366150105 Income receipts on assets 229.9 217.3 208.1 212.7 210.6 205.4 225.6 209.1 203.0 7

 8 FA366403105 Current transfer receipts 776.4 806.4 820.9 1079.4 828.7 1601.6 934.3 952.9 999.0 8

 9 FA366402105 Current surplus of government enterprises -5.3 -5.8 -7.6 -18.3 -12.8 -21.4 -19.5 -19.7 -11.4 9

 10 FA366900015 Current expenditures, NIPA basis 7000.8 7356.1 7708.8 9799.1 7891.5 12091.5 10197.9 9015.6 11224.8 10

 11 FA366901005 Consumption expenditures 2742.7 2891.3 2995.1 3036.9 3046.0 3053.1 3022.1 3026.5 3142.1 11

 12 FA366404005 Government social benefits 2828.0 2945.7 3102.0 4250.3 3214.5 5661.5 4351.5 3773.9 6031.5 12

 13 FA366403005 Other current transfer payments 605.8 634.0 658.5 924.4 682.3 1444.6 782.3 788.5 841.3 13

 14 FA366130005 Interest payments 764.4 821.8 879.4 841.1 873.7 845.8 828.5 816.3 804.6 14

 15 FA366402005 Subsidies 59.9 63.3 73.9 746.4 75.1 1086.5 1213.5 610.4 405.3 15

 16 FA366006005 Net saving, NIPA basis -961.3 -1145.4 -1254.7 -3092.0 -1353.5 -5168.0 -3605.3 -2241.4 -4269.4 16

 17 FA366300005 + Consumption of fixed capital 543.2 566.1 588.3 608.2 600.3 604.2 610.8 617.4 626.6 17

 18 FA313154015 - Insurance and pension fund reserves (2) -2.1 -2.0 -2.2 -4.0 -4.2 -5.0 -3.6 -3.2 -1.9 18

 19 FA365440095 - Net capital transfers (3) -253.9 -12.7 -7.7 -9.1 -2.5 -14.4 -9.2 -10.2 199.4 19

 20 FA366000105 = Gross saving less net capital transfers -162.0 -564.6 -656.5 -2470.8 -746.6 -4544.4 -2981.6 -1610.6 -3840.4 20

 21 FA365090005 Gross investment 29.3 -408.6 -618.9 -2486.6 -817.9 -4817.0 -2302.7 -2008.9 -3329.7 21

 22 FA365019005 Fixed investment 664.3 703.9 752.8 794.4 788.1 786.2 794.5 808.6 804.5 22

 23 FA365420005 Nonproduced nonfinancial assets 11.9 15.4 14.1 20.0 17.9 24.1 13.4 24.7 7.0 23

 24 FA365000005 Net lending (+) or net borrowing (-) -646.9 -1127.9 -1385.9 -3301.0 -1623.9 -5627.3 -3110.6 -2842.2 -4141.2 24

 25 FA364090005 Net acquisition of financial assets 241.2 390.8 115.5 2051.1 759.0 6889.2 391.7 164.4 -2009.0 25

 26 FA313011005 U.S. official reserve assets -1.7 5.0 4.6 8.9 -1.0 19.8 7.2 9.8 -10.1 26

 27 FA363020005 Checkable deposits and currency -172.6 165.9 7.2 1367.1 658.2 4912.7 200.2 -302.6 -2194.8 27

 28 FA363030005 Time and savings deposits 14.5 8.0 20.0 39.1 53.0 58.9 30.6 13.9 34.5 28

 29 FA213034003 Money market fund shares 0.3 -2.1 6.8 7.9 23.3 11.9 -4.0 0.5 5.2 29

 30 FA212051003 Security repurchase agreements 8.9 1.1 -1.3 19.3 -8.7 51.5 18.5 15.9 25.0 30

 31 FA364022005 Debt securities 56.1 8.9 48.2 217.3 80.9 521.4 49.8 217.3 186.9 31

 32 FA213069103 Open market paper 4.2 0.5 -0.6 9.2 -4.1 24.4 8.8 7.5 15.7 32

 33 FA213061105 Treasury securities 17.7 -12.4 51.4 271.3 41.7 668.8 118.7 256.1 227.3 33

 34 FA363061705 Agency- and GSE-backed securities 26.0 5.6 2.4 -71.4 12.3 -199.8 -48.7 -49.4 -94.6 34

 35 FA213062003 Municipal securities 0.5 0.5 -0.9 1.5 0.1 3.9 1.4 0.5 4.1 35

 36 FA363063005 Corporate and foreign bonds 7.7 14.6 -4.1 6.8 30.9 24.0 -30.3 2.5 34.3 36

 37 FA364023005 Loans 110.2 101.2 91.6 259.3 62.2 552.0 325.2 98.0 116.2 37

 38 FA363065005 Mortgages 14.5 5.4 -1.3 8.7 -7.5 18.4 9.0 14.6 12.0 38

 39 FA313066220 Consumer credit 96.3 90.7 83.0 63.4 83.7 78.4 52.2 39.4 75.8 39

 40 FA313069005 Other loans and advances -0.7 5.0 10.0 187.3 -14.0 455.2 263.9 43.9 28.4 40

 41 FA363064105 Corporate equities -3.5 0.6 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 41

 42 FA213064203 Mutual fund shares 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 42

 43 FA363070005 Trade receivables 6.3 33.2 17.2 21.5 -26.9 -18.9 68.4 63.3 65.6 43

 44 FA363078005 Taxes receivable 225.6 34.5 -12.5 -0.8 -35.3 323.5 -321.3 29.8 -48.7 44

 45 FA363090005 Miscellaneous assets -4.1 33.3 -64.2 113.6 -44.4 458.7 19.3 20.8 -186.4 45

 46 FA364190005 Net increase in liabilities 888.1 1518.7 1501.3 5352.1 2383.0 12516.5 3502.3 3006.6 2132.2 46

 47 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

 48 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

 49 FA313112003 Treasury currency -0.3 -0.3 -0.5 -0.0 0.0 0.0 -0.2 0.0 0.0 49

 50 FA364122005 Debt securities 446.6 1358.8 1184.3 4669.3 2194.6 11704.6 2216.9 2561.2 1663.8 50

 51 FA313161105 Treasury securities 447.0 1411.2 1176.6 4582.2 2168.3 11598.7 2048.9 2512.7 1544.4 51

 52 FA313161705 Budget agency securities -0.1 -1.5 -1.7 -1.0 -0.1 -0.7 -3.5 0.2 -1.5 52

 53 FA213162005 Municipal securities -0.3 -50.9 9.4 88.2 26.4 106.6 171.5 48.2 121.0 53

 54 FA364123005 Loans 152.1 -150.6 1.0 1.0 0.4 0.7 1.8 1.1 0.7 54

 55 FA313165403 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

 56 FA363169005 Other loans and advances 152.1 -150.6 1.0 1.0 0.4 0.7 1.8 1.1 0.7 56

 57 FA363170005 Trade payables 62.9 122.1 85.4 67.3 31.3 -1.9 116.2 123.4 109.3 57

 58 FA313140003 Insurance reserves -0.2 0.2 0.9 0.2 -0.6 -0.0 1.4 0.0 1.1 58

 59 FA363190005 Miscellaneous liabilities 226.9 188.4 230.2 614.4 157.2 813.1 1166.2 320.8 357.3 59

 60 FA367005005 Discrepancy -191.3 -156.0 -37.6 15.8 71.3 272.6 -678.9 398.2 -510.7 60

 Memo:

 61 FA374090005 Net acquisition of financial assets (consolidated) (4) 222.5 401.6 63.9 1777.3 716.8 6215.8 269.9 -93.3 -2241.1 61

 62 FA374190005 Net increase in liabilities (consolidated) (4) 869.4 1529.5 1449.8 5078.3 2340.7 11843.1 3380.5 2748.8 1900.1 62

(1) Sum of the federal government and state and local governments sectors.

(2) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(3) Table F.5, line 63 less line 12.

(4) Excludes Treasury securities and municipal securities held by state and local governments (lines 33 and 35) and federal government loans to state and local governments (line 56).
Transactions

Z.1, June 10, 2021 21

F.106 Federal Government

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA316010105 Current receipts, NIPA basis 3524.3 3567.6 3711.2 3675.9 3753.1 3468.8 3677.1 3804.7 3865.9 1

 2 FA316210001 Personal current taxes 1614.6 1617.5 1713.0 1696.8 1756.6 1600.1 1685.0 1745.6 1757.8 2

 3 FA316240001 Taxes on production and imports 130.9 162.8 173.7 152.7 183.8 131.4 144.7 150.8 159.8 3

 4 FA316231001 Taxes on corporate income 245.4 210.6 217.3 199.0 180.5 171.5 207.0 236.9 250.9 4

 5 FA316231061 Taxes from the rest of the world 24.5 26.3 27.7 28.0 29.1 26.6 27.3 29.0 30.4 5

 6 FA316601001 Contributions for govt. social insurance 1283.7 1344.6 1402.2 1426.0 1436.4 1374.2 1426.6 1466.6 1504.1 6

 7 FA316150105 Income receipts on assets 139.1 122.7 111.3 114.6 112.8 107.4 127.7 110.4 103.7 7

 8 FA316403105 Current transfer receipts 85.2 83.9 67.8 59.2 54.8 57.9 58.5 65.5 60.2 8

 9 FA316402101 Current surplus of government enterprises 0.9 -0.6 -1.9 -0.3 -1.0 -0.4 0.3 -0.0 -1.0 9

 10 FA316900005 Current expenditures, NIPA basis 4246.8 4499.3 4758.1 6810.6 4903.9 9107.1 7205.6 6025.9 8171.3 10

 11 FA316901001 Consumption expenditures 985.1 1043.5 1097.3 1142.5 1118.0 1168.1 1141.0 1142.9 1206.3 11

 12 FA316404001 Government social benefits 2120.6 2218.5 2347.5 3441.5 2447.4 4849.4 3523.0 2946.3 5191.2 12

 13 FA316403001 Other current transfer payments 605.8 634.0 658.5 924.4 682.3 1444.6 782.3 788.5 841.3 13

 14 FA316130001 Interest payments 475.9 540.5 581.6 556.4 581.7 559.1 546.5 538.5 529.7 14

 15 FA316402001 Subsidies 59.3 62.7 73.3 745.8 74.5 1085.9 1212.9 609.8 402.7 15

 16 FA316006005 Net saving, NIPA basis -722.4 -931.7 -1047.0 -3134.7 -1150.8 -5638.3 -3528.6 -2221.2 -4305.4 16

 17 FA316300001 + Consumption of fixed capital 277.0 285.8 294.8 305.0 300.5 303.6 305.9 310.0 313.5 17

 18 FA313154015 - Insurance and pension reserves (1) -2.1 -2.0 -2.2 -4.0 -4.2 -5.0 -3.6 -3.2 -1.9 18

 19 FA315440095 - Net capital transfers paid (2) -181.9 59.5 66.1 70.8 75.6 67.8 70.3 69.3 277.4 19

 20 FA316000105 = Gross saving less net capital transfers paid -261.3 -703.4 -816.0 -2896.4 -921.6 -5397.5 -3289.3 -1977.3 -4267.5 20

 21 FA315090005 Gross investment -202.7 -677.5 -791.7 -2887.2 -1089.1 -5579.5 -2522.3 -2358.0 -3723.1 21

 22 FA315019001 Fixed investment 278.7 295.9 321.9 342.0 334.6 336.7 346.1 350.5 350.8 22

 23 FA315420003 Nonproduced nonfinancial assets -2.2 -0.8 -2.7 -3.0 -0.5 -0.1 -11.1 -0.2 -18.3 23

 24 FA315000005 Net lending (+) or net borrowing (-) -479.1 -972.6 -1110.9 -3226.2 -1423.2 -5916.0 -2857.2 -2708.3 -4055.7 24

 25 FA314090005 Net acquisition of financial assets 155.5 323.0 83.7 1709.2 677.1 6190.0 159.9 -190.1 -2411.3 25

 26 FA313011005 U.S. official reserve assets -1.7 5.0 4.6 8.9 -1.0 19.8 7.2 9.8 -10.1 26

 27 FA313020005 Checkable deposits and currency -170.2 173.5 1.0 1326.3 642.6 4840.1 164.0 -341.5 -2274.5 27

 28 FA313030003 Time and savings deposits 0.4 0.1 0.3 -1.3 -1.6 0.6 -1.7 -2.7 35.5 28

 29 FA314022005 Debt securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 FA313061703 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 FA313063763 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 FA314023005 Loans 95.8 99.1 93.6 254.0 75.7 539.1 312.1 89.0 108.6 32

 33 FA313069005 Other loans and advances -0.7 5.0 10.0 187.3 -14.0 455.2 263.9 43.9 28.4 33

 34 FA313065005 Mortgages 0.2 3.4 0.6 3.3 6.1 5.6 -4.0 5.7 4.4 34

 35 FA313066220 Consumer credit (3) 96.3 90.7 83.0 63.4 83.7 78.4 52.2 39.4 75.8 35

 36 FA313064105 Corporate equities (4) -0.1 4.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 36

 37 FA313070000 Trade receivables 0.1 10.4 -1.9 11.3 1.3 25.7 0.5 17.8 30.0 37

 38 FA313078000 Taxes receivable 220.4 15.9 -20.9 -12.0 -51.8 304.3 -330.8 30.1 -60.3 38

 39 FA313090005 Miscellaneous assets 10.9 15.0 7.0 122.0 11.9 460.4 8.4 7.3 -240.5 39

 40 FA314190005 Net increase in liabilities 634.7 1295.6 1194.5 4935.4 2100.3 12106.0 3017.1 2518.2 1644.3 40

 41 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

 42 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 43 FA313112003 Treasury currency -0.3 -0.3 -0.5 -0.0 0.0 0.0 -0.2 0.0 0.0 43

 44 FA314122005 Debt securities 447.0 1409.8 1174.9 4581.2 2168.2 11598.1 2045.4 2512.9 1542.8 44

 45 FA313161105 Treasury securities (5) 447.0 1411.2 1176.6 4582.2 2168.3 11598.7 2048.9 2512.7 1544.4 45

 46 FA313161205 Marketable 554.4 1131.6 1062.7 4317.3 1947.7 11004.8 1892.6 2423.9 1604.8 46

 47 FA313161305 Nonmarketable -107.3 279.6 113.9 264.9 220.6 593.9 156.3 88.8 -60.5 47

 48 FA313161705 Budget agency securities -0.1 -1.5 -1.7 -1.0 -0.1 -0.7 -3.5 0.2 -1.5 48

 49 FA314123005 Loans 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

 50 FA313165403 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

 51 FA313169003 Other loans and advances 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 51

 52 FA313170005 Trade payables 17.5 74.0 36.0 17.8 -19.1 -49.8 67.1 73.0 57.3 52

 53 FA313140003 Insurance reserves -0.2 0.2 0.9 0.2 -0.6 -0.0 1.4 0.0 1.1 53

 54 FA313190005 Miscellaneous liabilities 19.0 -36.4 -16.7 336.3 -48.2 557.7 903.4 -67.8 43.0 54

 55 FA343073045 Claims of pension fund on sponsor 6.2 -51.9 -35.0 -21.2 -47.8 -68.4 5.5 26.0 -69.2 55

 56 FA313172003 PPP subsidies payable 0.0 0.0 0.0 353.0 0.0 628.4 892.6 -108.9 119.4 56

 57 FA313190015 Other 12.8 15.5 18.3 4.4 -0.4 -2.3 5.3 15.1 -7.2 57

 58 FA317005005 Discrepancy -58.7 -25.9 -24.3 -9.2 167.4 182.0 -767.0 380.7 -544.3 58

 Memo:

 59 FA314000105 Change in cash balance (6) -170.2 173.2 1.8 1324.3 557.7 4939.0 66.0 -265.5 -2319.3 59

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(2) Table F.5, line 64 less line 12.

(3) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that

 the government purchased from depository institutions and finance companies.

(4) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at issuance price.

(5) Includes marketable and nonmarketable Treasury securities held by the public and Treasury securities held by federal government employee retirement funds.

(6) Time and savings deposits (line 28) plus checkable deposits and currency at the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
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22 Z.1, June 10, 2021

F.107 State and Local Governments

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA216010105 Current receipts, NIPA basis 2515.2 2643.2 2742.9 3031.2 2785.0 3454.7 2915.5 2969.6 3089.5 1

 2 FA216210001 Personal current taxes 432.1 467.8 489.9 505.8 495.8 496.4 506.6 524.5 555.0 2

 3 FA216240001 Taxes on production and imports 1233.0 1282.0 1317.7 1329.0 1346.2 1264.3 1344.5 1360.8 1386.2 3

 4 FA216231001 Taxes on corporate income 54.2 60.5 69.5 75.8 62.7 54.2 90.2 95.9 96.6 4

 5 FA216601001 Contributions for govt. social insurance 20.0 21.0 21.7 20.4 20.4 19.1 20.2 21.8 23.9 5

 6 FA216150105 Income receipts on assets 90.8 94.6 96.8 98.1 97.8 97.9 98.0 98.7 99.3 6

 7 FA216403105 Current transfer receipts 691.2 722.5 753.0 1020.2 773.8 1543.7 875.8 887.4 938.9 7

 8 FA216402101 Current surplus of government enterprises -6.2 -5.2 -5.7 -18.1 -11.8 -20.9 -19.8 -19.7 -10.4 8

 9 FA216900005 Current expenditures, NIPA basis 2754.0 2856.8 2950.7 2988.5 2987.7 2984.4 2992.3 2989.7 3053.4 9

 10 FA216901001 Consumption expenditures 1757.6 1847.8 1897.8 1894.4 1928.0 1885.0 1881.2 1883.6 1935.7 10

 11 FA216404001 Govt. social benefit payments to persons 707.5 727.2 754.6 808.8 767.1 812.2 828.5 827.6 840.3 11

 12 FA216403001 Other current transfer payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA216130001 Interest payments 288.4 281.3 297.7 284.6 292.0 286.7 282.0 277.9 274.9 13

 14 FA216402001 Subsidies 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 2.5 14

 15 FA216006005 Net saving, NIPA basis -238.8 -213.7 -207.7 42.7 -202.7 470.3 -76.7 -20.1 36.0 15

 16 FA216300001 + Consumption of fixed capital 266.2 280.3 293.5 303.1 299.7 300.6 304.9 307.4 313.1 16

 17 FA215440005 - Net capital transfers paid (1) -71.9 -72.2 -73.8 -79.8 -78.1 -82.2 -79.6 -79.5 -78.0 17

 18 FA216000105 = Gross saving less net capital transfers paid 99.3 138.8 159.5 425.6 175.1 853.1 307.7 366.7 427.1 18

 19 FA215090005 Gross investment 232.0 268.9 172.8 400.6 271.2 762.5 219.6 349.2 393.5 19

 20 FA215019001 Fixed investment 385.6 407.9 431.0 452.4 453.6 449.6 448.4 458.1 453.7 20

 21 FA215420003 Nonproduced nonfinancial assets 14.2 16.2 16.8 23.0 18.4 24.2 24.5 24.9 25.3 21

 22 FA215000005 Net lending (+) or net borrowing (-) -167.8 -155.2 -275.0 -74.8 -200.8 288.7 -253.4 -133.9 -85.5 22

 23 FA214090005 Net acquisition of financial assets 85.7 67.9 31.8 341.9 81.9 699.2 231.8 354.6 402.4 23

 24 FA213020005 Checkable deposits and currency -2.5 -7.6 6.2 40.8 15.6 72.6 36.2 38.9 79.6 24

 25 FA213030000 Time and savings deposits 14.1 7.9 19.8 40.4 54.6 58.2 32.3 16.6 -1.0 25

 26 FA213034003 Money market fund shares 0.3 -2.1 6.8 7.9 23.3 11.9 -4.0 0.5 5.2 26

 27 FA212051003 Security repurchase agreements 8.9 1.1 -1.3 19.3 -8.7 51.5 18.5 15.9 25.0 27

 28 FA214022005 Debt securities 56.1 8.9 48.2 217.3 80.9 521.4 49.8 217.3 186.9 28

 29 FA213069103 Open market paper 4.2 0.5 -0.6 9.2 -4.1 24.4 8.8 7.5 15.7 29

 30 FA213061105 Treasury securities 17.7 -12.4 51.4 271.3 41.7 668.8 118.7 256.1 227.3 30

 31 FA213061703 Agency- and GSE-backed securities 26.0 5.6 2.4 -71.4 12.3 -199.8 -48.7 -49.4 -94.6 31

 32 FA213062003 Municipal securities 0.5 0.5 -0.9 1.5 0.1 3.9 1.4 0.5 4.1 32

 33 FA213063003 Corporate and foreign bonds 7.7 14.6 -4.1 6.8 30.9 24.0 -30.3 2.5 34.3 33

 34 FA213065005 Loans (mortgages) 14.4 2.1 -1.9 5.3 -13.6 12.9 13.0 8.9 7.6 34

 35 FA213064103 Corporate equities -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 35

 36 FA213064203 Mutual fund shares 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 36

 37 FA213070003 Trade receivables 6.2 22.8 19.1 10.2 -28.2 -44.6 67.9 45.5 35.6 37

 38 FA213078005 Taxes receivable 5.2 18.6 8.4 11.2 16.4 19.3 9.4 -0.3 11.6 38

 39 FA213093003 Miscellaneous assets -15.0 18.3 -71.2 -8.4 -56.2 -1.7 10.9 13.5 54.1 39

 40 FA214190005 Net increase in liabilities 253.5 223.1 306.8 416.7 282.7 410.5 485.2 488.5 487.9 40

 41 FA213162005 Debt securities (municipal securities) -0.3 -50.9 9.4 88.2 26.4 106.6 171.5 48.2 121.0 41

 42 FA213162400 Short-term (2) 4.8 2.9 6.8 1.9 -6.0 8.7 4.6 0.4 -12.2 42

 43 FA213162200 Long-term -5.1 -53.8 2.6 86.2 32.4 97.8 166.8 47.8 133.1 43

 44 FA213169203 Loans (U.S. government loans) 0.5 1.1 1.0 1.0 0.4 0.7 1.8 1.1 0.7 44

 45 FA213170003 Trade payables 45.4 48.1 49.4 49.5 50.3 47.9 49.1 50.4 52.0 45

 46 FA223073045 Claims of pension fund on sponsor (3) 207.9 224.9 246.9 278.1 205.5 255.4 262.8 388.7 314.3 46

 47 FA217005005 Discrepancy -132.7 -130.1 -13.3 25.1 -96.1 90.6 88.1 17.5 33.6 47

(1) Table F.5, line 65.

(2) Debt with original maturity of 13 months or less.

(3) Included in miscellaneous liabilities.
Transactions

Z.1, June 10, 2021 23

F.108 Domestic Financial Sectors (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA796000105 Gross saving less net capital transfers paid 158.1 281.9 370.3 390.1 396.4 365.1 377.5 421.2 462.6 1

 2 FA795090005 Gross investment 510.3 430.1 344.9 214.9 348.1 -96.9 596.3 12.0 1538.0 2

 3 FA795019005 Capital expenditures 254.0 276.0 295.1 275.8 285.7 240.5 282.6 294.3 299.9 3

 4 FA125012063 Fixed residential investment -1.7 3.5 7.1 2.9 5.9 -0.7 2.7 3.8 1.2 4

 5 FA795013005 Fixed nonresidential investment 255.6 272.6 288.0 272.8 279.8 241.2 279.9 290.5 298.7 5

 6 FA795000005 Net lending (+) or net borrowing (-) 256.3 154.1 49.8 -60.9 62.4 -337.5 313.7 -282.3 1238.1 6

 7 FA794090005 Net acqisition of financial assets 2891.7 1682.2 3343.3 9578.0 20821.6 10251.9 1523.5 5715.0 9614.8 7

 8 FA713011005 U.S. official reserve assets 0.0 0.0 0.1 0.0 0.1 0.1 0.1 -0.0 -0.0 8

 9 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA713012003 Treasury currency 0.8 0.4 0.3 0.4 0.4 0.3 0.5 0.3 0.3 10

 11 FA633091003 Foreign deposits 1.9 -2.2 5.8 -6.7 -14.5 -6.6 -4.9 -0.7 3.9 11

 12 FA794010005 Net interbank assets 196.0 -388.1 -5.6 1506.5 4102.3 1246.5 -243.2 920.3 2720.8 12

 13 FA793020005 Checkable deposits and currency 48.5 -92.6 73.8 217.6 1224.9 -570.4 -352.6 568.6 180.8 13

 14 FA793030005 Time and savings deposits 32.6 3.6 62.2 -113.8 -80.8 -79.8 -185.9 -108.7 125.8 14

 15 FA793034005 Money market fund shares 12.6 22.2 56.4 187.4 570.0 297.0 -87.8 -29.7 150.8 15

 16 FA792050005 Federal funds and security repos 259.5 434.6 582.6 -308.7 1462.8 -3017.2 -32.7 352.1 -1104.2 16

 17 FA794022005 Debt securities 868.2 982.5 1143.1 6355.2 5456.4 12792.4 3765.3 3406.6 4643.7 17

 18 FA793069175 Open market paper 92.5 0.6 -11.0 -65.0 -125.1 -409.4 8.1 266.5 145.2 18

 19 FA793061105 Treasury securities 154.1 722.8 672.1 4400.4 3983.2 10605.3 1533.3 1479.7 1452.5 19

 20 FA793061705 Agency- and GSE-backed securities 253.2 -21.5 147.3 1133.8 1086.3 1343.4 978.2 1127.3 1648.3 20

 21 FA793062005 Municipal securities 46.9 -47.6 68.6 110.3 39.7 117.9 182.9 100.7 210.1 21

 22 FA793063005 Corporate and foreign bonds 321.5 328.2 266.2 775.6 472.2 1135.2 1062.8 432.4 1187.6 22

 23 FA794023005 Loans 1065.6 763.0 801.4 1033.0 4243.4 -1003.3 52.0 839.8 1547.0 23

 24 FA793068005 Depository institution loans n.e.c. 105.3 289.2 139.3 413.0 2608.9 128.1 -799.5 -285.5 140.0 24

 25 FA793069005 Other loans and advances 270.7 -188.4 -43.0 -45.6 988.7 -1400.1 -33.0 261.9 504.9 25

 26 FA793065005 Mortgages 583.4 576.6 598.3 736.2 692.2 562.1 855.6 834.8 845.6 26

 27 FA793066005 Consumer credit 106.1 85.6 106.8 -70.6 -46.4 -293.3 28.9 28.5 56.5 27

 28 FA793064105 Corporate equities 80.5 -136.2 -103.0 -305.6 172.3 -396.3 -458.6 -539.7 265.7 28

 29 FA793064205 Mutual fund shares -32.1 -103.4 -132.6 -215.3 -322.5 -152.9 -225.8 -160.0 -95.4 29

 30 FA793070005 Trade receivables 19.0 18.5 13.8 40.7 62.7 70.1 55.8 -25.7 39.5 30

 31 FA793040005 Life insurance reserves 44.6 -28.3 17.4 15.7 12.5 16.4 15.8 17.8 3.9 31

 32 FA543050005 Pension entitlements 7.8 100.1 7.7 91.4 82.3 116.0 76.6 90.8 4.1 32

 33 FA793092005 U.S. direct investment abroad 42.8 -11.7 41.4 3.2 55.4 -6.8 4.5 -40.4 -49.7 33

 34 FA793090005 Miscellaneous assets 243.3 119.8 778.5 1077.1 3793.9 946.3 -855.5 423.6 1177.8 34

 35 FA794194005 Net increase in liabilities and equity 2635.4 1528.2 3293.4 9639.0 20759.2 10589.4 1209.9 5997.3 8376.7 35

 36 FA794190005 Net increase in liabilities 2196.9 1244.1 3018.4 9141.8 20466.1 9979.0 745.4 5376.8 7300.8 36

 37 FA794110005 Net interbank liabilities 297.5 -354.0 -98.5 1545.8 5773.0 194.0 -424.7 640.7 2623.9 37

 38 FA793120005 Checkable deposits and currency 145.4 315.4 271.8 2859.1 3798.3 6025.3 769.7 843.1 -266.0 38

 39 FA703130005 Time and savings deposits 338.4 530.0 683.5 2209.8 2321.3 4966.4 254.6 1296.8 1941.5 39

 40 FA634090005 Money market fund shares 117.2 189.9 596.0 701.3 3093.7 1300.9 -1054.3 -535.2 924.6 40

 41 FA792150005 Federal funds and security repos 59.8 15.4 224.8 -259.3 1074.4 -2428.1 124.0 192.4 -96.8 41

 42 FA794122005 Debt securities 339.9 359.3 442.6 923.7 2283.7 112.3 320.3 978.6 818.0 42

 43 FA793169175 Open market paper -36.8 33.9 -33.2 -7.0 31.4 -96.7 -29.9 67.0 192.3 43

 44 FA423161705 Agency- and GSE-backed securities 346.6 246.9 318.6 658.2 1505.6 -221.8 536.3 812.7 699.6 44

 45 FA793163005 Corporate and foreign bonds 30.1 78.5 157.2 272.6 746.6 430.8 -186.1 98.9 -73.9 45

 46 FA794123005 Loans -13.5 -10.7 -69.0 -30.1 1798.7 -1509.0 -426.2 16.1 127.0 46

 47 FA793168005 Depository institution loans n.e.c. 8.0 9.8 -5.7 75.5 435.4 -267.5 -21.4 155.4 11.0 47

 48 FA793169005 Other loans and advances -27.1 -4.7 -65.1 -107.8 1360.2 -1234.1 -411.8 -145.5 142.2 48

 49 FA123165005 Mortgages 5.6 -15.8 1.9 2.2 3.1 -7.5 7.1 6.2 -26.2 49

 50 FA653164205 Mutual fund shares 318.4 -63.4 208.0 -226.8 -1223.8 61.4 106.2 149.1 362.0 50

 51 FA793170005 Trade payables 46.5 -4.2 15.0 101.9 101.2 128.0 110.9 67.7 57.6 51

 52 FA543140005 Life insurance reserves 43.4 43.3 31.7 85.0 188.6 -4.5 72.0 83.9 -75.9 52

 53 FA583150005 Pension entitlements 484.3 340.5 407.4 485.5 516.1 429.5 447.5 549.1 295.2 53

 54 FA793178005 Taxes payable 60.6 -0.7 12.9 -8.2 -40.3 24.5 -26.7 9.8 -51.6 54

 55 FA793192305 Foreign direct investment: intercompany debt 12.4 -38.2 -31.3 27.1 5.5 40.7 6.0 56.4 -0.6 55

 56 FA793190005 Miscellaneous liabilities -53.3 -78.5 323.5 726.9 775.7 637.6 466.1 1028.3 641.9 56

 57 FA793181125 Net equity issues 438.5 284.1 275.0 497.1 293.1 610.4 464.5 620.5 1075.9 57

 58 FA793164105 Corporate equities 418.9 198.5 209.7 499.1 280.8 627.5 465.4 622.8 1024.4 58

 59 FA662090003 Equity in noncorporate business 1.0 9.5 5.2 6.9 5.3 14.6 -5.5 13.0 13.8 59

 60 FA793192105 Foreign direct investment: equity 18.7 76.1 60.1 -8.9 7.0 -31.7 4.5 -15.3 37.7 60

 61 FA797005005 Discrepancy -352.2 -148.2 25.3 175.2 48.3 462.0 -218.8 409.3 -1075.4 61

(1) Sum of financial sectors shown on tables F.109 through F.132.
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24 Z.1, June 10, 2021

F.109 Monetary Authority (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA716000105 Gross saving -2.3 2.5 -2.4 -2.7 -2.7 -2.7 -2.7 -2.7 -2.7 1

 2 FA715013005 Fixed nonresidential investment 0.7 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 2

 3 FA714090005 Net acquisition of financial assets -2.6 -389.8 116.4 3083.6 6279.0 4644.8 194.9 1215.9 1555.2 3

 4 FA713011005 U.S. official reserve assets 0.0 0.0 0.1 0.0 0.1 0.1 0.1 -0.0 -0.0 4

 5 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA713012003 Treasury currency 0.8 0.4 0.3 0.4 0.4 0.3 0.5 0.3 0.3 6

 7 FA713022003 Federal Reserve float -0.1 0.2 0.1 0.1 -0.0 -0.3 -2.4 3.0 -1.9 7

 8 FA713068705 Interbank loans 0.1 -0.1 -0.0 44.5 306.4 27.3 -67.3 -88.2 -12.8 8

 9 FA713068703 Discount window (2) 0.1 -0.1 -0.0 1.6 196.2 -167.6 -14.9 -7.5 -3.1 9

 10 FA763069143 AMLF and MMLF loans (3) 0.0 0.0 0.0 2.0 110.2 -63.2 -31.4 -7.6 -7.5 10

 11 FA713068725 PPPLF loans (4) 0.0 0.0 0.0 41.0 0.0 258.1 -21.1 -73.1 -2.2 11

 12 FA712051000 Security repurchase agreements 0.0 0.0 255.6 -255.6 28.4 -819.1 -231.8 0.0 0.0 12

 13 FA714022005 Debt securities -10.9 -379.5 -137.5 3217.0 4281.5 6046.3 1304.3 1235.7 1610.4 13

 14 FA713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA713061103 Treasury securities -21.7 -243.3 99.1 2554.3 4077.9 4137.3 1000.5 1001.4 1017.8 15

 16 FA713061113 Treasury bills 0.0 0.0 168.5 157.5 625.5 2.8 1.2 0.5 0.2 16

 17 FA713061125 Other Treasury securities -21.7 -243.3 -69.3 2396.8 3452.4 4134.5 999.3 1000.9 1017.6 17

 18 FA713061705 Agency- and GSE-backed securities 10.8 -136.2 -236.6 662.7 203.7 1909.0 303.8 234.4 592.6 18

 19 FA713061903 Mortgage-backed securities 22.7 -134.2 -236.5 662.7 203.7 1909.0 303.8 234.4 592.6 19

 20 FA713061703 Other agency- and GSE-baked securities -11.9 -2.0 -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 20

 21 FA713068005 Loans (depository institution loans n.e.c.) 0.0 0.0 0.0 52.2 234.9 -111.1 3.0 82.1 26.0 21

 22 FA713068813 Households (TALF I) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA713068665 Brokers and dealers (6) 0.0 0.0 0.0 2.1 234.9 -186.4 -34.7 -5.2 -8.0 23

 24 FA713068863 Finance companies (PPPLF) (4) 0.0 0.0 0.0 9.4 0.0 14.8 18.5 4.5 41.0 24

 25 FA713068505 Other financial business (7) 0.0 0.0 0.0 40.7 0.0 60.6 19.3 82.8 -7.0 25

 26 FA713064103 Corporate equities (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 FA713090005 Miscellaneous assets 7.4 -10.8 -2.2 25.0 1427.3 -498.7 -811.4 -17.0 -66.7 27

 28 FA713091103 Nonofficial foreign currencies (9) 6.5 -7.9 -0.5 14.2 1415.8 -523.2 -812.0 -24.0 -61.5 28

 29 FA713093005 Other 0.9 -3.0 -1.7 10.9 11.5 24.4 0.5 7.0 -5.2 29

 30 FA714190005 Net increase in liabilities -2.6 -386.6 116.4 3083.7 6279.0 4644.8 194.8 1216.0 1554.1 30

 31 FA713113003 Depository institution reserves 194.8 -393.1 -7.1 1446.1 3701.7 1251.0 -175.2 1006.7 2711.1 31

 32 FA703025005 Vault cash of depository institutions 1.2 4.9 1.4 15.8 94.2 -31.5 1.7 -1.3 24.4 32

 33 FA713120005 Checkable deposits and currency -38.3 259.5 89.6 1738.4 1659.6 4914.8 333.1 46.2 -1615.3 33

 34 FA713123005 Due to federal government -170.2 173.2 1.7 1324.6 559.5 4937.5 65.7 -264.3 -2353.3 34

 35 FA713123023 Treasury cash holdings 0.0 0.0 -0.0 -0.1 0.6 -1.0 -0.2 0.0 0.2 35

 36 FA713123030 Treasury general deposit account -170.3 173.2 1.7 1324.7 558.9 4938.5 65.8 -264.3 -2353.5 36

 37 FA713123043 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 FA713124005 Due to government-sponsored enterprises -13.8 -6.8 2.1 38.5 430.0 -312.2 -65.8 102.0 332.2 38

 39 FA713129005 Due to other financial business (10) 38.3 -3.3 -1.1 93.0 396.8 -107.1 48.9 33.4 126.2 39

 40 FA713122605 Due to rest of the world 0.1 -0.0 -0.1 16.7 48.9 -4.7 10.8 11.7 45.5 40

 41 FA713125005 Currency outside banks 107.4 96.4 87.0 265.7 224.5 401.3 273.5 163.4 234.1 41

 42 FA712151003 Security repurchase agreements -161.3 -259.9 32.6 -120.6 929.7 -1344.5 -110.9 43.3 544.5 42

 43 FA712151103 Reverse repurchase agreement operations (11) -148.8 -277.7 22.2 -54.4 883.3 -1135.8 -0.4 35.2 498.6 43

 44 FA712151115 Other (12) -12.5 17.8 10.4 -66.2 46.4 -208.7 -110.5 8.1 45.9 44

 45 FA713190005 Miscellaneous liabilities 0.9 2.0 -0.1 4.0 -106.4 -145.0 146.2 121.0 -110.6 45

 46 FA313094213 Treasury contributions to MMLF 0.0 0.0 0.0 1.5 0.0 6.0 0.0 0.0 0.0 46

 47 FA713164003 Federal Reserve Bank stock 0.9 0.9 -0.6 0.7 1.1 0.2 1.5 -0.1 0.4 47

 48 FA713193005 Other -0.0 1.1 0.5 1.8 -107.4 -151.2 144.7 121.1 -111.0 48

 49 FA717005005 Discrepancy -3.0 5.0 -3.1 -3.3 -3.3 -3.4 -3.4 -3.3 -4.4 49

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board.

(2) Loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.

(3) Loans extended to U.S.-chartered depository institutions through the 2008-2010 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) and the

 2020 Money Market Mutual Fund Liquidity Facility (MMLF). The AMLF was dissolved in 2010:Q1.

(4) Loans extended to depository institutions (line 11) and finance companies (line 24) through the Paycheck Protection Program Liquidity Facility (PPPLF).

(5) Loans extended to financial institutions such as domestic hedge funds through the 2008 Term Asset-Backed Securities Loan Facility (TALF I).

(6) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF), AMLF (2008-2010), and MMLF (2020).

(7) Loans extended to Federal Reserve funding, credit, and liquidity facility special purpose vehicles created in response to the 2008 Financial Crisis and COVID-19 pandemic.

(8) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assuance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. Series is zero after 2010:Q4.

(9) Reciprocal currency arrangements (swap lines) with foreign central banks.

(10) Deposits of designated financial market utilities (DFMU) and deposits of Federal Reserve facility LLC’s special purpose vehicles.

(11) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).

(12) Includes reverse repurchase agreements conducted through the Federal Reserve’s Foreign Repo Pool.
Transactions

Z.1, June 10, 2021 25

F.110 Private Depository Institutions (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA706000105 Gross saving less net capital transfers paid -67.8 31.8 -7.1 38.6 -0.1 31.4 68.5 54.7 103.0 1

 2 FA705013005 Fixed nonresidential investment 46.8 55.3 58.6 47.9 52.3 29.0 53.9 56.5 56.1 2

 3 FA705000005 Net lending (+) or net borrowing (-) 99.2 -149.6 -112.4 -73.5 -555.7 -266.1 550.6 -22.7 746.9 3

 4 FA704090005 Net acquisition of financial assets 866.7 417.5 760.9 3222.6 7330.6 3366.7 570.6 1622.3 4279.1 4

 5 FA703025005 Vault cash 1.2 4.9 1.4 15.8 94.2 -31.5 1.7 -1.3 24.4 5

 6 FA713113003 Reserves at Federal Reserve 194.8 -393.1 -7.1 1446.1 3701.7 1251.0 -175.2 1006.7 2711.1 6

 7 FA702050005 Federal funds and security repos 79.1 211.3 36.3 124.2 -316.4 816.0 -112.7 109.8 -1039.5 7

 8 FA704022005 Debt securities 133.7 98.7 237.0 1086.0 692.5 1256.6 1236.6 1158.3 2110.1 8

 9 FA703069175 Open market paper -0.0 0.2 0.5 1.6 112.0 -65.1 -33.0 -7.5 -8.2 9

 10 FA703061105 Treasury securities -37.3 124.3 126.7 302.9 -69.5 850.1 340.6 90.3 343.8 10

 11 FA703061705 Agency- and GSE-backed securities 168.1 52.4 115.1 694.0 482.8 374.3 759.0 1159.8 1188.7 11

 12 FA703062005 Municipal securities 20.4 -40.0 -29.1 72.2 131.3 53.9 53.6 50.0 75.9 12

 13 FA703063005 Corporate and foreign bonds -17.5 -38.2 23.8 15.3 35.9 43.4 116.5 -134.3 509.9 13

 14 FA704023005 Loans 443.7 563.9 460.0 365.6 2605.7 8.2 -707.3 -444.1 30.4 14

 15 FA703068005 Depository institution loans n.e.c. 105.3 289.2 139.3 360.8 2374.0 239.1 -802.5 -367.6 114.0 15

 16 FA703069005 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA703065005 Mortgages 216.0 170.3 214.9 87.8 256.6 83.4 108.3 -96.9 -89.7 17

 18 FA703066005 Consumer credit 122.3 104.4 105.9 -83.0 -24.9 -314.3 -13.1 20.4 6.2 18

 19 FA703064105 Corporate equities -2.0 2.5 0.8 3.2 4.6 1.4 2.3 4.4 3.1 19

 20 FA703064205 Mutual fund shares 0.2 -5.5 -1.8 0.1 1.8 -2.7 0.1 1.3 4.5 20

 21 FA763040005 Life insurance reserves 6.4 3.9 6.7 6.1 3.6 5.3 7.1 8.2 8.3 21

 22 FA763092000 U.S. direct investment abroad 12.2 1.4 9.6 -6.4 3.1 11.0 -13.7 -26.1 -40.1 22

 23 FA703090005 Miscellaneous assets -2.7 -70.5 18.0 182.0 539.9 51.4 331.8 -195.1 466.8 23

 24 FA704194005 Net increase in liabilities and equity 767.4 567.1 873.3 3296.1 7886.4 3632.9 20.0 1645.0 3532.2 24

 25 FA704190005 Net increase in liabilities 756.6 557.7 868.2 3289.8 7898.1 3628.9 8.5 1624.0 3517.7 25

 26 FA704110005 Net interbank liabilities 101.5 34.1 -92.8 83.9 1977.0 -1025.4 -251.2 -364.8 -111.7 26

 27 FA703127005 Checkable deposits 183.6 55.9 182.2 1120.7 2138.6 1110.5 436.6 796.8 1349.3 27

 28 FA703130005 Time and savings deposits 338.4 530.0 683.5 2209.8 2321.3 4966.4 254.6 1296.8 1941.5 28

 29 FA702150005 Federal funds and security repos 87.0 -76.2 70.3 -1.2 347.5 -405.7 125.4 -71.9 186.9 29

 30 FA704122005 Debt securities -65.4 27.0 -40.0 55.7 143.4 6.0 8.1 65.3 63.0 30

 31 FA703169175 Open market paper -30.3 14.7 -21.4 26.6 96.9 -13.3 -8.5 31.0 43.5 31

 32 FA763163005 Corporate bonds -35.0 12.3 -18.7 29.2 46.5 19.3 16.6 34.3 19.5 32

 33 FA703169005 Loans (other loans and advances) 28.2 -6.3 -97.8 -241.6 709.5 -1144.1 -279.0 -252.9 32.7 33

 34 FA763178003 Taxes payable (net) 32.6 5.4 14.5 -11.2 -66.6 9.5 9.6 2.7 -67.2 34

 35 FA753192305 Foreign direct investment: intercompany debt -0.4 -7.5 -2.0 -0.8 -0.2 -0.9 -1.4 -0.7 -0.5 35

 36 FA703190005 Miscellaneous liabilities 51.0 -4.8 150.3 74.6 327.5 112.5 -294.4 152.7 123.7 36

 37 FA763194735 Investment by holding companies 26.8 4.8 103.0 203.0 61.0 501.9 63.9 185.3 -237.0 37

 38 FA753194503 Investment by other financial businesses -20.1 43.4 -3.5 -27.6 11.4 -43.7 -41.7 -36.3 169.2 38

 39 FA703193005 Other 44.3 -53.0 50.9 -100.9 255.2 -345.8 -316.5 3.6 191.5 39

 40 FA703181125 Net equity issues 10.8 9.4 5.1 6.2 -11.7 4.0 11.5 21.1 14.5 40

 41 FA763164103 Corporate equities 2.8 -5.2 1.4 1.9 -9.5 3.0 4.9 9.1 -1.1 41

 42 FA753192103 Foreign direct investment: equity 8.0 14.6 3.7 4.3 -2.2 1.0 6.6 11.9 15.7 42

 43 FA707005005 Discrepancy -213.9 126.1 46.6 64.2 503.3 268.6 -536.0 20.8 -700.1 43

 Memo:

 44 FA763066303 Consumer leases not included above (2) 1.9 1.2 0.8 0.3 0.9 -0.4 0.9 -0.1 -0.4 44

 45 FA703139105 Uninsured deposits (3) 263.1 201.3 529.3 1757.9 3001.3 2339.8 245.8 1444.5 1319.5 45

(1) U.S.-chartered depository institutions (F.111), foreign banking offices (F.112), banks in U.S.-affiliated areas (F.113), and credit unions (F.114).

(2) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset; depreciation is included in line 1, and fixed investment is included in line 2.

(3) Includes checkable deposits (line 27) and time and savings deposits (line 28) not insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
Transactions

26 Z.1, June 10, 2021

F.111 U.S.-Chartered Depository Institutions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA766000105 Gross saving less net capital transfers paid -87.5 8.4 -31.2 15.6 -24.6 8.9 45.9 32.4 80.6 1

 2 FA765013005 Fixed nonresidential investment 35.2 41.3 45.0 34.7 38.8 16.3 40.7 42.9 42.1 2

 3 FA764090005 Net acquisition of financial assets 499.2 349.2 633.8 2927.0 5155.0 4280.5 562.1 1710.4 3019.7 3

 4 FA763025000 Vault cash 1.2 4.9 1.4 15.8 94.2 -31.5 1.7 -1.3 24.4 4

 5 FA763013005 Reserves at Federal Reserve 47.3 -273.5 18.9 1282.4 2276.5 1962.5 -196.3 1087.0 1651.1 5

 6 FA762050005 Federal funds and security repos 4.0 160.3 -24.3 179.8 -108.9 916.1 -248.7 160.8 -975.6 6

 7 FA764022005 Debt securities 110.5 76.4 242.8 1003.7 580.0 1181.2 1173.4 1080.0 1827.9 7

 8 FA763069175 Open market paper 0.0 0.0 0.0 2.0 110.2 -63.2 -31.4 -7.6 -7.5 8

 9 FA763061100 Treasury securities -43.2 87.3 125.6 327.5 10.2 816.7 372.1 111.2 335.4 9

 10 FA763061705 Agency- and GSE-backed securities 148.7 66.8 102.7 603.1 466.5 243.1 652.6 1050.3 939.0 10

 11 FA763061803 Residential mortgage pass-through securities 119.5 31.2 90.8 381.9 377.8 52.6 415.0 682.0 725.6 11

 12 FA763061503 Commercial mortgage pass-through securities 21.6 20.6 20.9 46.8 25.4 45.8 40.1 75.9 48.2 12

 13 FA763061603 Residential CMOs and other structured MBS -4.7 7.5 1.8 113.3 47.0 116.0 90.5 199.8 51.6 13

 14 FA763061403 Commercial CMOs and other structured MBS 15.6 15.3 20.3 54.4 58.2 39.9 70.1 49.4 60.9 14

 15 FA763061795 Other -3.2 -7.8 -31.1 6.7 -42.0 -11.3 36.9 43.2 52.6 15

 16 FA763062000 Municipal securities 21.1 -39.8 -29.5 68.9 127.7 50.2 49.4 48.4 72.3 16

 17 FA763063005 Corporate and foreign bonds -16.1 -37.9 44.1 2.2 -134.5 134.4 130.8 -122.1 488.8 17

 18 FA763063673 Private residential mortgage pass-through securities -4.5 -1.3 1.6 -0.6 1.2 -0.4 -1.8 -1.6 4.0 18

 19 FA763063653 Private commercial mortgage pass-through securities -0.4 -1.0 0.6 0.2 0.0 0.2 0.5 0.1 0.5 19

 20 FA763063663 Private residential CMOs and other structured MBS -7.2 -6.3 1.9 4.7 13.0 9.1 -0.2 -3.0 8.0 20

 21 FA763063693 Private commercial CMOs and other structured MBS -6.7 3.3 2.3 -0.4 8.4 -2.0 -6.8 -1.2 8.8 21

 22 FA763063095 Other 2.7 -32.7 37.8 -1.7 -157.0 127.6 139.1 -116.5 467.5 22

 23 FA764023005 Loans 349.0 438.1 359.6 286.6 1880.7 171.8 -524.1 -381.9 48.1 23

 24 FA763068005 Depository institution loans n.e.c. 104.5 253.4 98.7 335.2 1734.3 464.5 -579.4 -278.6 136.6 24

 25 FA763069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 FA763065005 Mortgages 164.7 122.2 171.8 41.5 177.6 30.6 65.8 -108.0 -111.4 26

 27 FA763066000 Consumer credit 79.8 62.5 89.0 -90.1 -31.2 -323.4 -10.5 4.8 22.9 27

 28 FA763064105 Corporate equities -2.0 2.5 0.8 3.2 4.6 1.4 2.3 4.4 3.1 28

 29 FA763064203 Mutual fund shares 0.0 -5.9 -2.1 -0.8 0.1 -2.9 -0.2 -0.1 0.0 29

 30 FA763040005 Life insurance reserves 6.4 3.9 6.7 6.1 3.6 5.3 7.1 8.2 8.3 30

 31 FA763092000 U.S. direct investment abroad 12.2 1.4 9.6 -6.4 3.1 11.0 -13.7 -26.1 -40.1 31

 32 FA763090005 Miscellaneous assets -29.3 -59.0 20.4 156.7 421.2 65.8 360.6 -220.9 472.3 32

 33 FA764194005 Net increase in liabilities and equity 449.7 456.1 736.9 2937.2 5709.8 4307.0 88.4 1643.7 2342.4 33

 34 FA764190005 Net increase in liabilities 446.8 461.3 735.6 2935.3 5719.3 4304.0 83.4 1634.5 2343.5 34

 35 FA764110005 Net interbank liabilities -17.0 -31.1 -13.8 1.1 489.0 -100.7 -24.6 -359.3 -223.1 35

 36 FA713022003 Federal Reserve float -0.1 0.2 0.1 0.1 -0.0 -0.3 -2.4 3.0 -1.9 36

 37 FA713068715 Borrowing from Federal Reserve banks 0.1 -0.1 -0.0 44.1 306.4 25.3 -67.3 -87.8 -12.1 37

 38 FA764112005 To domestic banking -1.6 -9.2 -0.9 3.6 195.2 -290.0 131.5 -22.3 244.7 38

 39 FA764116005 To foreign banks -15.4 -21.9 -13.1 -46.7 -12.5 164.3 -86.3 -252.2 -453.7 39

 40 FA763127005 Checkable deposits 135.7 38.3 137.8 967.3 1851.8 920.7 356.3 740.4 953.4 40

 41 FA763123005 Federal government -0.3 -0.1 -0.1 1.1 -0.2 0.9 2.0 1.5 -1.4 41

 42 FA763128000 State and local government -2.5 -7.6 6.2 40.8 15.6 72.6 36.2 38.9 79.6 42

 43 FA763129205 Private domestic 136.4 31.1 127.0 943.3 1787.9 929.6 348.3 707.2 888.5 43

 44 FA763122605 Rest of the world 2.1 15.0 4.7 -17.8 48.4 -82.4 -30.1 -7.2 -13.3 44

 45 FA763130005 Time and savings deposits 265.9 491.9 510.9 2070.4 2470.9 4357.4 225.8 1227.3 1611.3 45

 46 FA762150005 Federal funds and security repos 7.9 -27.3 23.9 3.9 96.4 -2.5 -45.8 -32.6 66.3 46

 47 FA764122005 Debt securities -54.3 24.2 -37.8 58.8 93.0 37.2 36.8 68.1 45.0 47

 48 FA763169175 Open market paper -19.2 12.0 -19.1 29.6 46.5 18.0 20.2 33.9 25.4 48

 49 FA763163005 Corporate bonds -35.0 12.3 -18.7 29.2 46.5 19.3 16.6 34.3 19.5 49

 50 FA763169305 Loans (other loans and advances) 20.1 -9.2 -92.3 -232.6 667.1 -1094.8 -267.8 -234.9 44.6 50

 51 FA763178003 Taxes payable (net) 32.6 5.4 14.5 -11.2 -66.6 9.5 9.6 2.7 -67.2 51

 52 FA763190005 Miscellaneous liabilities 55.9 -30.9 192.4 77.7 117.7 177.2 -207.0 222.7 -86.7 52

 53 FA763194735 Investment by holding companies 26.8 4.8 103.0 203.0 61.0 501.9 63.9 185.3 -237.0 53

 54 FA763193005 Other 29.1 -35.7 89.4 -125.4 56.7 -324.8 -270.9 37.4 150.3 54

 55 FA763164103 Net equity issues (corporate equities) 2.8 -5.2 1.4 1.9 -9.5 3.0 4.9 9.1 -1.1 55

 56 FA767005005 Discrepancy -172.3 74.0 26.8 -8.8 491.5 19.1 -468.5 -77.3 -638.7 56

 Memo:

 57 FA763066303 Consumer leases not included above (1) 1.9 1.2 0.8 0.3 0.9 -0.4 0.9 -0.1 -0.4 57

 58 FA763139105 Uninsured deposits (2) 196.0 199.3 399.7 1715.0 2979.0 2024.5 302.4 1554.1 930.0 58

(1) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset; depreciation is included in line 1, and fixed investment is included in line 2.

(2) Includes checkable deposits (line 40) and time and savings deposits (line 45) not insured by the Federal Deposit Insurance Corporation.
Transactions

Z.1, June 10, 2021 27

F.112 Foreign Banking Offices in U.S. (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA756330005 Gross saving 4.1 4.3 5.0 5.2 5.2 5.2 5.2 5.3 5.4 1

 2 FA755013005 Fixed nonresidential investment 5.0 5.6 6.4 6.3 6.4 6.0 6.2 6.4 6.6 2

 3 FA754090005 Net acquisition of financial assets 284.1 -14.5 17.2 -4.2 1917.3 -1417.8 -162.6 -353.6 714.6 3

 4 FA753025003 Vault cash -0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 4

 5 FA753013003 Reserves at Federal Reserve 142.3 -111.4 -44.5 48.3 1278.9 -916.8 19.8 -188.5 834.3 5

 6 FA752050005 Federal funds and security repos 75.1 50.9 60.0 -55.4 -207.4 -99.9 135.8 -49.9 -63.8 6

 7 FA754022005 Debt securities 27.3 26.4 -30.1 -12.6 104.5 -74.6 -55.0 -25.4 -12.3 7

 8 FA753069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA753061103 Treasury securities 3.3 29.4 -9.9 -27.4 -58.7 6.3 -28.4 -28.5 -32.1 9

 10 FA753061703 Agency- and GSE-backed securities 24.5 -2.5 8.9 7.9 17.3 4.6 -10.7 20.5 11.5 10

 11 FA753062003 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA753063005 Corporate and foreign bonds -0.5 -0.6 -29.1 6.8 145.9 -85.4 -15.9 -17.4 8.3 12

 13 FA754023005 Loans 5.8 40.1 28.4 17.7 636.2 -250.6 -241.9 -72.9 -65.9 13

 14 FA753068005 Depository institution loans n.e.c. -3.1 32.1 25.5 17.3 627.5 -247.5 -240.0 -70.8 -63.5 14

 15 FA753069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA753065005 Mortgages 9.0 8.1 3.0 0.4 8.7 -3.1 -2.0 -2.2 -2.4 16

 17 FA753064103 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA753093005 Miscellaneous assets 33.7 -20.4 3.4 -2.2 105.1 -75.9 -21.2 -16.8 22.3 18

 19 FA754194005 Net increase in liabilities and equity 241.9 40.3 35.1 73.5 1909.5 -1153.9 -217.9 -243.6 676.6 19

 20 FA754190005 Net increase in liabilities 233.9 25.6 31.4 69.2 1911.7 -1154.9 -224.4 -255.5 661.0 20

 21 FA754110005 Net interbank liabilities 114.3 61.5 -78.0 78.7 1421.4 -900.0 -199.8 -7.0 -3.2 21

 22 FA754116005 To foreign banks 119.3 70.8 -70.2 76.0 1411.7 -907.1 -177.2 -23.4 -3.1 22

 23 FA754112005 To domestic banks -5.1 -9.3 -7.8 2.6 9.7 7.1 -22.7 16.5 -0.1 23

 24 FA753127005 Checkable deposits 32.3 -7.2 21.2 57.4 208.3 20.8 38.8 -38.4 201.8 24

 25 FA753130005 Time and savings deposits 25.9 -2.0 89.0 -50.8 -198.1 232.7 -134.7 -103.0 140.2 25

 26 FA752150005 Federal funds and security repos 79.2 -48.9 46.4 -5.1 251.1 -403.2 171.2 -39.4 120.6 26

 27 FA753169175 Debt securities (open market paper) -11.1 2.7 -2.3 -3.1 50.5 -31.2 -28.6 -2.8 18.1 27

 28 FA753192305 Foreign direct investment: intercompany debt -0.4 -7.5 -2.0 -0.8 -0.2 -0.9 -1.4 -0.7 -0.5 28

 29 FA753190005 Miscellaneous liabilities -6.2 27.0 -43.0 -7.1 178.7 -73.1 -69.8 -64.2 184.1 29

 30 FA753194503 Investment by other financial businesses -20.1 43.4 -3.5 -27.6 11.4 -43.7 -41.7 -36.3 169.2 30

 31 FA753193005 Other 13.8 -16.4 -39.4 20.5 167.3 -29.5 -28.1 -28.0 14.9 31

 32 FA753192103 Net equity issues (foreign direct investment) 8.0 14.6 3.7 4.3 -2.2 1.0 6.6 11.9 15.7 32

 33 FA757005005 Discrepancy -43.1 53.4 16.5 76.7 -9.0 263.1 -56.3 108.9 -39.3 33

 Memo:

 34 FA753139105 Uninsured deposits (2) 58.2 -9.2 110.2 6.6 10.2 253.5 -95.9 -141.4 342.0 34

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).

(2) All checkable deposits (line 24) and time and savings deposits (line 25) are considered uninsured according to the Federal Deposit Insurance Act.
Transactions

28 Z.1, June 10, 2021

F.113 Banks in U.S.-Affiliated Areas (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA746330005 Gross saving 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 1

 2 FA745013005 Fixed nonresidential investment 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 2

 3 FA744090005 Net acquisition of financial assets -3.9 3.5 3.5 12.2 3.1 35.9 12.6 -2.6 36.9 3

 4 FA743013003 Reserves at Federal Reserve 3.1 -1.7 -1.7 10.3 14.5 21.4 10.5 -5.2 -0.7 4

 5 FA744022003 Debt securities 1.6 5.1 13.2 6.1 -3.5 16.1 3.0 9.0 16.9 5

 6 FA743061103 Treasury securities 1.9 5.3 5.9 -3.6 -13.2 12.2 -9.4 -4.2 9.2 6

 7 FA743061703 Agency- and GSE-backed securities -0.0 -0.1 -0.3 7.1 -4.3 8.0 13.2 11.4 7.7 7

 8 FA743062003 Municipal securities -0.5 -0.1 -0.1 -1.1 0.1 -0.1 -0.6 -3.7 0.0 8

 9 FA743063005 Corporate and foreign bonds 0.2 -0.1 7.7 3.8 13.9 -4.0 -0.2 5.4 0.0 9

 10 FA744023003 Loans -0.2 -1.2 3.5 0.9 7.6 8.5 -5.7 -6.8 -9.5 10

 11 FA743068005 Depository institution loans n.e.c. -0.4 0.5 5.0 0.6 8.0 6.6 -6.2 -6.2 -5.2 11

 12 FA743065103 One-to-four-family residential mortgages 0.3 -1.2 -0.9 0.3 -0.7 1.5 1.4 -0.9 -2.6 12

 13 FA743065505 Commercial mortgages -0.0 -0.5 -0.6 0.0 0.3 0.4 -0.9 0.3 -1.7 13

 14 FA743093005 Miscellaneous assets -8.4 1.4 -11.5 -5.1 -15.5 -10.1 4.8 0.5 30.2 14

 15 FA744190005 Net increase in liabilities -4.0 2.7 5.6 14.6 9.1 37.8 15.3 -3.9 29.7 15

 16 FA744110005 Net interbank liabilities 0.1 -0.3 -0.3 0.3 -1.4 -0.1 1.8 0.7 0.1 16

 17 FA743127003 Checkable deposits 0.3 3.5 4.8 11.0 3.3 31.4 8.3 1.1 18.4 17

 18 FA743130003 Time and savings deposits -4.6 0.4 1.4 3.1 6.7 4.8 2.8 -2.1 13.3 18

 19 FA743193005 Miscellaneous liabilities 0.3 -0.9 -0.3 0.2 0.4 1.8 2.3 -3.6 -2.2 19

 20 FA747005005 Discrepancy -0.1 -0.8 2.1 2.3 6.0 1.9 2.6 -1.4 -7.3 20

 Memo:

 21 FA743139105 Uninsured deposits (2) 1.1 3.9 4.3 10.5 2.9 23.9 14.0 1.1 11.6 21

(1) Commercial banks and branches of U.S.-chartered depository institutions located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.

(2) Includes checkable deposits (line 17) and time and savings deposits (line 18) not insured by the Federal Deposit Insurance Corporation.

F.114 Credit Unions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA476000105 Gross saving 15.4 19.0 18.9 17.6 19.1 17.2 17.2 16.8 16.9 1

 2 FA475013005 Fixed nonresidential investment 6.5 8.2 7.0 6.8 7.0 6.5 6.8 7.0 7.2 2

 3 FA474090005 Net acquisition of financial assets 87.1 79.3 106.3 287.5 255.3 468.1 158.5 268.1 507.9 3

 4 FA473013005 Reserves at Federal Reserve 2.1 -6.4 20.1 105.0 131.9 184.0 -9.2 113.5 226.4 4

 5 FA472050053 Federal funds and security repos 0.1 0.0 0.6 -0.3 -0.1 -0.1 0.2 -1.1 -0.2 5

 6 FA474022005 Debt securities -5.7 -9.1 11.1 88.8 11.5 133.9 115.2 94.7 277.5 6

 7 FA473069153 Open market paper -0.0 0.2 0.5 -0.4 1.8 -1.9 -1.5 0.2 -0.7 7

 8 FA473061105 Treasury securities 0.6 2.2 5.1 6.3 -7.7 15.0 6.3 11.8 31.4 8

 9 FA473061705 Agency- and GSE-backed securities -5.1 -11.8 3.9 75.9 3.3 118.7 104.0 77.6 230.5 9

 10 FA473062005 Municipal securities -0.2 -0.1 0.4 4.4 3.6 3.8 4.8 5.3 3.6 10

 11 FA473063005 Corporate and foreign bonds -1.0 0.4 1.1 2.6 10.6 -1.7 1.7 -0.2 12.8 11

 12 FA474023000 Loans 89.0 86.9 68.5 60.4 81.1 78.5 64.4 17.5 57.8 12

 13 FA473068005 Depository institution loans n.e.c. 4.4 3.2 10.1 7.7 4.1 15.5 23.0 -11.9 46.1 13

 14 FA473065100 One-to-four-family residential mortgages 42.1 41.8 41.6 45.6 70.7 53.9 44.1 13.8 28.4 14

 15 FA473066000 Consumer credit 42.6 41.9 16.8 7.1 6.3 9.0 -2.7 15.6 -16.8 15

 16 FA473064205 Mutual fund shares 0.1 0.4 0.3 0.9 1.8 0.2 0.3 1.3 4.5 16

 17 FA473090005 Miscellaneous assets 1.5 7.4 5.7 32.6 29.2 71.6 -12.5 42.2 -58.0 17

 18 FA474190005 Net increase in liabilities 79.9 68.0 95.6 270.7 258.0 441.9 134.2 248.9 483.5 18

 19 FA474110005 Net interbank liabilities 4.1 4.0 -0.6 3.8 67.9 -24.6 -28.6 0.7 114.5 19

 20 FA473127003 Checkable deposits 15.3 21.3 18.4 85.0 75.2 137.6 33.3 93.8 175.8 20

 21 FA473130005 Time and savings deposits 51.3 39.8 82.2 187.1 41.7 371.5 160.6 174.6 176.6 21

 22 FA472150053 Federal funds and security repos -0.0 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.0 0.0 22

 23 FA473169333 Loans (other loans and advances) 8.2 2.9 -5.5 -9.0 42.4 -49.2 -11.2 -18.0 -11.9 23

 24 FA473193005 Miscellaneous liabilities 1.0 -0.0 1.2 3.8 30.7 6.7 -19.9 -2.2 28.5 24

 25 FA477005005 Discrepancy 1.7 -0.4 1.3 -6.0 14.8 -15.5 -13.9 -9.4 -14.8 25

 Memo:

 26 FA473139103 Uninsured deposits (1) 7.8 7.3 15.1 25.8 9.2 37.9 25.3 30.8 35.9 26

(1) Includes checkable deposits (line 20) and time and savings deposits (line 21) not insured by the National Credit Union Share Insurance Fund.
Transactions

Z.1, June 10, 2021 29

F.115 Property-Casualty Insurance Companies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA516000105 Gross saving less net capital transfers paid (1) 36.1 99.0 132.7 125.3 130.6 123.6 125.3 121.6 119.0 1

 2 FA515013005 Fixed nonresidential investment 24.5 26.2 28.0 28.3 28.5 27.4 28.3 29.1 30.3 2

 3 FA514090005 Net acquisition of financial assets 84.6 119.8 66.5 93.7 328.0 91.5 75.5 -120.1 157.7 3

 4 FA513020005 Checkable deposits and currency 4.3 -1.7 17.4 2.6 -13.8 41.3 -32.9 15.5 29.3 4

 5 FA513034005 Money market fund shares 4.0 2.7 2.5 9.9 -0.3 32.5 -10.8 18.3 15.4 5

 6 FA512051005 Security repurchase agreements 0.0 -0.0 0.6 0.2 1.5 2.5 0.5 -3.6 0.3 6

 7 FA514022005 Debt securities 33.0 43.7 29.7 53.1 67.9 65.6 106.5 -27.6 94.1 7

 8 FA513069105 Open market paper -8.9 -2.2 0.5 -0.8 5.6 9.4 -0.6 -17.5 1.3 8

 9 FA513061105 Treasury securities 34.0 7.9 -7.0 0.9 3.1 23.6 19.9 -43.0 44.5 9

 10 FA513061705 Agency- and GSE-backed securities 5.6 20.2 6.2 3.0 -8.5 -13.1 35.0 -1.2 -9.8 10

 11 FA513062005 Municipal securities -9.9 -38.9 -4.7 2.9 0.3 -0.1 3.9 7.7 -2.0 11

 12 FA513063005 Corporate and foreign bonds 12.2 56.6 34.7 47.0 67.5 45.8 48.3 26.4 60.1 12

 13 FA513065505 Loans (commercial mortgages) 2.4 2.7 2.4 1.4 3.0 0.3 -0.7 3.1 0.2 13

 14 FA513064105 Corporate equities 9.8 20.1 -1.8 -22.3 7.3 -72.4 -39.8 15.9 1.3 14

 15 FA513064205 Mutual fund shares 1.2 -1.1 0.1 0.8 1.7 1.0 5.2 -4.6 1.3 15

 16 FA513070005 Trade receivables 9.4 17.8 6.6 18.1 33.4 47.3 48.2 -56.6 30.0 16

 17 FA513092003 U.S. direct investment abroad 1.1 9.3 3.6 15.4 20.7 21.9 24.0 -5.2 0.5 17

 18 FA513090005 Miscellaneous assets 19.3 26.4 5.5 14.5 206.5 -48.4 -24.7 -75.4 -14.8 18

 19 FA513092403 Equity in FHLB 0.0 0.0 0.0 0.6 0.5 0.3 1.5 -0.1 -0.2 19

 20 FA513076005 Policy payables (2) 37.2 8.8 10.5 3.8 1.9 8.6 14.3 -9.5 31.0 20

 21 FA513093005 Other -17.9 17.6 -5.0 10.1 204.0 -57.3 -40.5 -65.8 -45.6 21

 22 FA514194005 Net increase in liabilities and equity 93.7 48.2 76.5 91.8 16.5 176.4 204.2 -29.8 227.5 22

 23 FA514190005 Net increase in liabilities 110.0 46.3 81.9 94.8 26.5 174.8 203.0 -25.2 227.0 23

 24 FA512151003 Security repurchase agreements -0.0 -0.2 -0.0 0.1 0.2 0.3 0.1 -0.3 0.0 24

 25 FA513169333 Loans (other loans and advances) -0.0 0.5 0.2 6.4 9.8 1.2 19.8 -5.0 -2.5 25

 26 FA513170005 Trade payables 1.0 8.4 2.6 11.1 5.6 24.8 41.3 -27.4 8.7 26

 27 FA513178005 Taxes payable 5.5 -0.7 -0.3 0.4 10.6 1.1 -14.5 4.6 6.6 27

 28 FA513192305 Foreign direct investment: intercompany debt -0.5 -2.9 -2.0 1.2 -0.0 -0.1 -0.3 5.1 -1.0 28

 29 FA513190005 Miscellaneous liabilities 103.9 41.4 81.4 75.6 0.5 147.5 156.7 -2.1 215.2 29

 30 FA513194733 Investment by parent companies 0.6 1.2 0.8 -3.9 -0.6 -19.3 4.4 -0.2 2.9 30

 31 FA513176005 Policy payables 75.8 44.1 44.0 55.2 27.8 77.1 121.5 -5.5 134.0 31

 32 FA513193005 Other 27.6 -3.9 36.6 24.3 -26.7 89.6 30.7 3.6 78.3 32

 33 FA513181125 Net equity issues -16.3 1.8 -5.5 -3.0 -10.0 1.6 1.2 -4.6 0.4 33

 34 FA513164103 Corporate equity issues -12.8 -9.7 -7.9 -3.5 -14.1 2.4 -1.2 -0.9 -2.4 34

 35 FA513192103 Foreign direct investment: equity -3.5 11.5 2.4 0.5 4.1 -0.8 2.4 -3.7 2.8 35

 36 FA517005005 Discrepancy 20.7 1.3 114.7 95.1 -209.3 181.1 225.6 182.9 158.5 36

 Memo:

 37 FA513200003 Securities lending (3) 2.0 0.9 0.1 -0.5 -0.3 0.5 0.1 -2.3 5.0 37

 38 FA513176015 Direct reserve 49.6 28.0 37.0 50.2 25.3 65.9 103.0 6.8 113.0 38

 39 FA513176025 Reinsured to U.S. reinsurers 15.8 6.9 5.0 7.1 3.6 15.9 26.5 -17.5 15.3 39

 40 FA263176005 Reinsured to non-U.S. reinsurers 21.4 1.8 5.5 -3.3 -1.6 -7.3 -12.2 8.1 15.7 40

 41 FA263076005 Reinsured from non-U.S. reinsurers 10.4 9.1 2.0 -2.1 -1.1 -4.8 -7.9 5.2 5.7 41

(1) Net capital transfers paid from table F.5, line 53.

(2) Policy payables due from reinsurers.

(3) Liability for securities lending collateral, included in line 32.
Transactions

30 Z.1, June 10, 2021

F.116 Life Insurance Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA546000105 Gross saving less net capital transfers paid (2) 15.8 6.6 7.6 7.4 6.6 9.2 7.6 6.1 5.4 1

 2 FA545013005 Fixed nonresidential investment 18.6 19.8 21.5 21.8 21.8 21.0 21.8 22.4 23.3 2

 3 FA544090005 Net acquisition of financial assets 96.3 126.3 135.3 385.7 1178.5 0.8 131.9 231.5 -30.1 3

 4 FA543020005 Checkable deposits and currency 17.6 -0.4 4.0 33.0 195.6 19.7 -65.9 -17.6 -25.6 4

 5 FA543034005 Money market fund shares 3.6 6.7 3.6 7.9 119.2 -15.0 -46.7 -25.9 -15.8 5

 6 FA542051075 Security repurchase agreements -0.4 0.2 4.1 1.9 12.9 -4.3 8.5 -9.6 -4.6 6

 7 FA544022005 Debt securities 80.7 90.3 122.1 184.3 290.7 56.6 304.5 85.6 73.8 7

 8 FA543069105 Open market paper -8.6 -4.9 -4.4 5.2 36.6 -16.1 21.3 -20.9 -13.8 8

 9 FA543061105 Treasury securities -0.8 -28.8 -6.4 7.1 -5.9 6.6 28.0 -0.3 -10.9 9

 10 FA543061705 Agency- and GSE-backed securities 6.7 1.6 -1.3 -20.2 -16.3 -40.3 5.1 -29.4 -37.1 10

 11 FA543062005 Municipal securities 6.1 -2.5 -1.0 -2.9 -4.0 -3.8 -1.5 -2.3 -0.8 11

 12 FA543063005 Corporate and foreign bonds 77.3 124.9 135.1 195.1 280.2 110.2 251.5 138.4 136.4 12

 13 FA544023005 Loans 42.2 60.3 50.1 27.2 53.9 9.4 5.2 40.2 12.1 13

 14 FA543069005 Other loans and advances 1.0 -1.2 -1.0 1.7 19.2 -9.6 0.2 -3.2 2.8 14

 15 FA543065005 Mortgages 41.2 61.4 51.1 25.5 34.7 19.0 5.0 43.4 9.4 15

 16 FA543064105 Corporate equities -5.9 -44.4 1.3 1.2 6.0 -14.5 -7.7 21.0 -14.2 16

 17 FA543064205 Mutual fund shares -75.9 -87.1 -86.7 -99.3 -153.5 -61.3 -97.7 -84.5 -112.1 17

 18 FA543070005 Trade receivables 11.1 -0.7 6.5 22.5 19.8 28.7 18.9 22.5 14.8 18

 19 FA543040005 Life insurance reserves 34.2 -36.2 6.7 5.6 4.9 7.2 4.7 5.6 -8.4 19

 20 FA543050005 Pension entitlements 7.8 100.1 7.7 91.4 82.3 116.0 76.6 90.8 4.1 20

 21 FA543092073 U.S. direct investment abroad 3.1 -11.0 -2.8 -2.1 3.7 -4.4 -5.9 -1.7 -6.4 21

 22 FA543090005 Miscellaneous assets -21.9 48.5 18.7 112.1 543.0 -137.3 -62.5 105.2 52.3 22

 23 FA543092473 Equity in FHLB 0.4 0.5 0.6 2.7 3.2 3.9 1.2 2.7 2.3 23

 24 FA543077073 Deferred and unpaid life ins. premiums 1.8 1.9 1.5 0.1 10.2 -3.8 -1.7 -4.4 8.5 24

 25 FA543095105 Other reserves 3.9 4.5 3.3 8.8 7.7 11.3 7.4 8.8 -2.2 25

 26 FA543093005 Other -28.0 41.6 13.4 100.5 521.8 -148.6 -69.4 98.0 43.7 26

 27 FA544194005 Net increase in liabilities and equity 112.5 101.4 131.9 401.5 959.5 74.0 161.6 410.7 -155.3 27

 28 FA544190005 Net increase in liabilities 124.9 101.4 137.0 416.3 984.2 67.6 178.5 434.8 -136.1 28

 29 FA542151073 Security repurchase agreements -0.3 2.7 -6.5 1.1 31.5 -16.1 16.5 -27.7 -13.3 29

 30 FA543169373 Loans (other loans and advances) 6.5 6.4 7.5 15.3 76.0 2.2 -18.4 1.3 33.3 30

 31 FA543170005 Trade payables 37.5 15.2 13.4 88.1 78.2 112.5 73.9 87.8 44.4 31

 32 FA543140005 Life insurance reserves 43.4 43.3 31.7 85.0 188.6 -4.5 72.0 83.9 -75.9 32

 33 FA543150005 Pension entitlements (3) -0.6 44.2 10.8 87.3 151.6 -44.1 72.2 169.4 -114.2 33

 34 FA543178075 Taxes payable 2.2 -2.9 0.4 0.9 10.1 4.9 -14.3 3.0 4.9 34

 35 FA543192375 Foreign direct investment: intercompany debt 0.9 -3.6 -1.0 1.4 -0.0 -0.1 -1.1 6.9 -0.8 35

 36 FA543190005 Miscellaneous liabilities 35.2 -3.8 80.7 137.2 448.2 12.9 -22.3 110.2 -14.4 36

 37 FA543194733 Investment by parent companies 2.5 -11.0 1.1 -5.9 -23.7 0.0 0.0 0.0 0.0 37

 38 FA673090543 Funding agreements backing securities (4) 12.0 3.1 6.2 19.0 23.4 17.7 21.7 13.2 31.8 38

 39 FA543195005 Other reserves (5) 17.6 26.3 17.9 19.2 10.7 24.0 27.2 15.0 9.1 39

 40 FA593095005 Unallocated insurance contracts 7.7 -4.5 15.5 13.5 -15.2 23.0 22.4 23.7 -22.5 40

 41 FA543193005 Other -4.6 -17.7 40.0 91.4 452.9 -51.8 -93.7 58.2 -32.9 41

 42 FA543181125 Net equity issues -12.4 -0.0 -5.1 -14.8 -24.7 6.4 -16.8 -24.1 -19.2 42

 43 FA543164173 Corporate equity issues -16.2 -11.9 -17.0 -15.2 -22.5 1.8 -8.3 -31.8 -23.4 43

 44 FA543192173 Foreign direct investment: equity 3.7 11.8 11.9 0.4 -2.2 4.7 -8.6 7.7 4.2 44

 45 FA547005005 Discrepancy 13.5 -38.2 -17.3 1.4 -234.2 61.4 15.6 162.9 -143.1 45

 Memo:

 46 FA543200073 Securities lending (6) 1.2 -6.4 2.1 3.4 6.5 2.7 -1.0 5.4 16.6 46

 47 FA543176015 Direct reserve 60.5 69.9 74.5 216.8 413.1 -2.2 177.6 278.8 -147.4 47

 48 FA543176025 Reinsured to U.S. reinsurers 18.0 68.8 19.6 120.6 142.7 136.9 96.4 106.2 -18.5 48

 49 FA543076035 Reinsured to non-U.S. reinsurers 36.2 81.2 15.3 87.9 80.7 110.9 73.4 86.5 -5.4 49

 50 FA543176035 Reinsured from non-U.S. reinsurers 3.4 0.3 0.9 -21.5 -18.9 -27.6 -18.1 -21.5 0.0 50

(1) Additional detail on the financial assets and liabilities held in life insurer’s general and separate accounts is available on tables F.116.g and F.116.s.

(2) Net capital transfers paid from table F.5, line 54.

(3) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 40.

(4) Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities.

(5) Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.

(6) Liability for securities lending collateral, included in line 41.
Transactions

Z.1, June 10, 2021 31

F.116.g Life Insurance Companies: General Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA544090075 Net acquisition of financial assets 158.1 253.5 209.2 423.0 1280.9 75.2 179.5 156.4 107.0 1

 2 FA543020075 Checkable deposits and currency 7.0 -3.7 8.2 22.7 189.0 8.5 -75.9 -30.8 -24.1 2

 3 FA543034075 Money market fund shares 5.8 1.1 6.8 3.0 82.2 -6.9 -42.6 -20.9 -12.0 3

 4 FA542051075 Security repurchase agreements -0.4 0.2 4.1 1.9 12.9 -4.3 8.5 -9.6 -4.6 4

 5 FA544022075 Debt securities 76.2 93.4 97.7 144.6 250.0 72.7 246.4 9.2 92.1 5

 6 FA543069175 Open market paper -3.9 -2.2 -3.0 0.5 33.2 -21.1 16.6 -26.8 -12.1 6

 7 FA543061175 Treasury securities -0.6 -24.7 -5.5 5.8 12.1 -1.1 23.2 -11.0 -8.6 7

 8 FA543061775 Agency- and GSE-backed securities 7.3 4.4 -6.9 -21.5 5.3 -51.4 -0.5 -39.4 -33.7 8

 9 FA543062075 Municipal securities 7.3 -2.2 -3.2 -4.3 -5.2 -5.1 -2.8 -4.1 -0.2 9

 10 FA543063075 Corporate and foreign bonds 66.1 118.1 116.3 164.1 204.6 151.4 209.8 90.5 146.8 10

 11 FA544023075 Loans 40.6 54.6 48.6 23.1 53.7 3.7 1.6 33.6 14.0 11

 12 FA543069075 Other loans and advances 1.1 -1.0 3.6 1.7 19.2 -9.6 0.2 -3.2 2.8 12

 13 FA543065075 Mortgages 39.5 55.6 45.0 21.5 34.4 13.3 1.4 36.8 11.2 13

 14 FA543064175 Corporate equities 5.1 9.5 1.5 14.2 14.1 -8.5 2.9 48.2 10.1 14

 15 FA543064275 Mutual fund shares -0.3 0.4 -1.2 -0.4 -0.5 0.1 -1.7 0.4 -0.8 15

 16 FA543070075 Trade receivables 11.1 -0.8 6.5 22.5 19.8 28.7 18.9 22.5 14.8 16

 17 FA543040075 Life insurance reserves 34.2 -36.2 6.7 5.6 4.9 7.2 4.7 5.6 -8.4 17

 18 FA543050075 Pension entitlements 7.8 97.2 7.8 93.5 82.3 119.7 78.6 93.5 4.2 18

 19 FA543092073 U.S. direct investment abroad 3.1 -11.0 -2.8 -2.1 3.7 -4.4 -5.9 -1.7 -6.4 19

 20 FA543090075 Miscellaneous assets -32.2 48.7 25.3 94.5 568.8 -141.3 -55.9 6.5 28.2 20

 21 FA544194075 Net increase in liabilities and equity 182.7 225.4 205.1 440.0 1072.8 145.1 209.1 332.9 -26.1 21

 22 FA544190075 Net increase in liabilities 195.1 225.5 210.2 454.8 1097.6 138.7 225.9 357.0 -6.8 22

 23 FA542151073 Security repurchase agreements -0.3 2.7 -6.5 1.1 31.5 -16.1 16.5 -27.7 -13.3 23

 24 FA543169373 Loans (other loans and advances) 6.5 6.4 7.5 15.3 76.0 2.2 -18.4 1.3 33.3 24

 25 FA543170075 Trade payables 37.5 14.1 13.5 88.7 78.0 113.5 74.5 88.7 44.4 25

 26 FA543140075 Life insurance reserves 64.4 41.9 45.7 91.1 206.2 4.9 79.4 73.9 -58.8 26

 27 FA543150075 Pension entitlements (1) 31.1 154.8 39.2 113.2 244.7 3.0 109.8 95.3 -19.3 27

 28 FA543178075 Taxes payable 2.2 -2.9 0.4 0.9 10.1 4.9 -14.3 3.0 4.9 28

 29 FA543192375 Foreign direct investment: intercompany debt 0.9 -3.6 -1.0 1.4 -0.0 -0.1 -1.1 6.9 -0.8 29

 30 FA543190075 Miscellaneous liabilities 52.8 12.0 111.4 143.2 451.0 26.5 -20.5 115.7 2.8 30

 31 FA543181125 Net equity issues -12.4 -0.0 -5.1 -14.8 -24.7 6.4 -16.8 -24.1 -19.2 31

 32 FA543164173 Corporate equity issues -16.2 -11.9 -17.0 -15.2 -22.5 1.8 -8.3 -31.8 -23.4 32

 33 FA543192173 Foreign direct investment: equity 3.7 11.8 11.9 0.4 -2.2 4.7 -8.6 7.7 4.2 33

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are included in miscellaneous liabilities (line 30).

F.116.s Life Insurance Companies: Separate Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA544090085 Net acquisition of financial assets -61.8 -127.2 -73.9 -37.3 -102.4 -74.4 -47.6 75.1 -137.2 1

 2 FA543020083 Checkable deposits and currency 10.6 3.3 -4.2 10.3 6.6 11.2 10.0 13.2 -1.6 2

 3 FA543034385 Money market fund shares -2.2 5.6 -3.2 5.0 37.0 -8.1 -4.1 -5.0 -3.8 3

 4 FA544022085 Debt securities 4.5 -3.1 24.3 39.8 40.7 -16.0 58.1 76.4 -18.4 4

 5 FA543069183 Open market paper -4.7 -2.7 -1.4 4.8 3.4 5.0 4.7 5.9 -1.7 5

 6 FA543061183 Treasury securities -0.2 -4.0 -0.9 1.3 -18.0 7.6 4.8 10.7 -2.3 6

 7 FA543061783 Agency- and GSE-backed securities -0.6 -2.8 5.5 1.3 -21.5 11.1 5.6 10.0 -3.4 7

 8 FA543062083 Municipal securities -1.2 -0.3 2.2 1.4 1.2 1.3 1.3 1.9 -0.6 8

 9 FA543063085 Corporate and foreign bonds 11.2 6.8 18.8 31.0 75.6 -41.1 41.7 48.0 -10.4 9

 10 FA544023085 Loans 1.6 5.7 1.4 4.1 0.2 5.7 3.6 6.6 -1.8 10

 11 FA543069483 Other loans and advances -0.1 -0.2 -4.6 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA543065083 Mortgages 1.7 5.8 6.1 4.1 0.2 5.7 3.6 6.6 -1.8 12

 13 FA543064185 Corporate equities -10.9 -53.9 -0.2 -13.0 -8.1 -6.1 -10.6 -27.2 -24.2 13

 14 FA543064385 Mutual fund shares -75.6 -87.6 -85.5 -98.8 -153.0 -61.5 -96.0 -84.9 -111.4 14

 15 FA543070085 Trade receivables 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA543040085 Life insurance reserves 0.0 0.0 0.0 -0.0 0.0 -0.0 0.0 -0.0 0.0 16

 17 FA543050085 Pension entitlements -0.0 2.9 -0.1 -2.1 0.0 -3.7 -2.0 -2.8 -0.1 17

 18 FA543090085 Miscellaneous assets 10.3 -0.1 -6.5 17.6 -25.8 4.0 -6.6 98.8 24.0 18

 19 FA544190085 Net increase in liabilities -70.2 -124.0 -73.2 -38.5 -113.3 -71.1 -47.5 77.8 -129.3 19

 20 FA543170085 Trade payables 0.0 1.1 -0.1 -0.6 0.1 -1.0 -0.6 -0.9 -0.0 20

 21 FA543140085 Life insurance reserves -21.0 1.4 -14.0 -6.1 -17.6 -9.4 -7.4 10.0 -17.1 21

 22 FA543150085 Pension entitlements (1) -31.7 -110.7 -28.5 -25.9 -93.1 -47.1 -37.6 74.1 -94.9 22

 23 FA543190085 Miscellaneous liabilities -17.5 -15.8 -30.7 -5.9 -2.8 -13.5 -1.8 -5.5 -17.2 23

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds which are included in miscellaneous liabilities (line 23).
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32 Z.1, June 10, 2021

F.117 Private and Public Pension Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA596330005 Gross saving 0.7 0.8 0.7 0.8 0.8 0.8 0.8 0.8 0.8 1

 2 FA595013005 Fixed nonresidential investment 0.9 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 2

 3 FA594090005 Net acquisition of financial assets (2) 484.7 296.4 396.7 398.3 364.5 473.6 375.4 379.7 409.4 3

 4 FA593020005 Checkable deposits and currency -5.6 -6.9 4.8 5.9 -2.5 -6.2 1.4 30.9 4.2 4

 5 FA593030005 Time and savings deposits 3.3 -5.4 4.3 -2.9 -0.4 -7.2 -2.5 -1.5 -2.2 5

 6 FA593034005 Money market fund shares -2.4 -2.8 0.6 4.5 47.5 -7.8 -1.0 -20.7 -0.2 6

 7 FA592051005 Security repurchase agreements 0.2 -0.7 3.4 0.8 -1.9 -9.8 -6.0 20.9 0.6 7

 8 FA594022005 Debt securities 114.9 448.4 58.5 342.5 296.1 327.3 383.7 362.8 202.8 8

 9 FA593069105 Open market paper 1.6 -7.2 -6.7 -5.2 13.1 -20.5 -0.8 -12.7 -3.8 9

 10 FA593061105 Treasury securities (3) 33.7 388.5 119.3 208.4 114.6 154.8 268.4 296.0 189.1 10

 11 FA593061705 Agency- and GSE-backed securities 34.0 25.3 37.7 40.6 51.8 -12.1 90.0 32.8 40.0 11

 12 FA593062045 Municipal securities 0.7 0.7 0.0 -0.0 -0.0 0.0 -0.0 0.0 0.0 12

 13 FA593063005 Corporate and foreign bonds 44.9 41.1 -91.8 98.6 116.6 205.1 26.0 46.7 -22.5 13

 14 FA594023005 Loans 148.5 -149.1 0.3 1.5 4.4 -1.6 2.7 0.6 1.0 14

 15 FA313169003 Other loans and advances 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA593065005 Mortgages -3.2 2.6 0.3 1.5 4.4 -1.6 2.7 0.6 1.0 16

 17 FA593064105 Corporate equities -108.5 -183.9 -29.6 -78.1 172.3 -211.1 40.7 -314.3 -212.9 17

 18 FA593064205 Mutual fund shares 42.3 -9.7 -44.3 -117.0 -172.6 -89.9 -133.4 -72.1 10.9 18

 19 FA593090005 Miscellaneous assets 292.1 206.3 398.7 241.1 21.6 479.9 89.7 373.2 405.2 19

 20 FA593095005 Unallocated insurance contracts (4) 7.7 -4.5 15.5 13.5 -15.2 23.0 22.4 23.7 -22.5 20

 21 FA573074005 Contributions receivable 19.2 -34.6 -0.9 -7.1 12.5 -15.4 -11.7 -13.9 -6.3 21

 22 FA593073005 Claims of pension fund on sponsor (5) 147.1 253.0 198.2 264.8 91.9 215.3 312.7 439.5 275.3 22

 23 FA593093005 Other 118.2 -7.6 185.9 -30.1 -67.6 257.0 -233.7 -76.1 158.6 23

 24 FA594190005 Net increase in pension entitlements (liabilities) 484.9 296.3 396.7 398.3 364.5 473.6 375.3 379.7 409.3 24

 Memo:

 25 FA153050015 Household retirement assets (6) 907.0 631.4 627.0 599.3 535.0 635.8 524.4 702.1 ND 25

 26 FA594190045 Defined benefit plans 268.4 275.1 273.6 262.4 262.4 261.3 262.9 263.1 264.8 26

 27 FA594090055 Defined contribution plans 216.5 21.2 123.1 135.8 102.0 212.3 112.4 116.6 144.6 27

 28 FA893131573 Individual retirement plans (IRAs) (7) 443.5 291.6 248.5 151.7 -37.1 261.5 116.9 265.3 ND 28

 29 FA543150015 Annuities at life insurance companies (8) -21.3 43.5 -18.2 49.4 207.6 -99.3 32.1 57.1 ND 29

(1) Private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Includes both marketable and nonmarketable government securities.

(4) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.

(5) Unfunded defined benefit pension entitlements.

(6) Households’ retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.

(7) IRA assets are not included above. See memo item on table F.227 for a sectoral distribution of IRA accounts.

(8) Annuities held in IRAs are excluded. They are included in line 28.
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Z.1, June 10, 2021 33

F.118 Private Pension Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA576330005 Gross saving 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 1

 2 FA575013005 Fixed nonresidential investment 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 2

 3 FA574090005 Net acquisition of financial assets (2) 168.1 16.5 76.7 51.9 68.9 70.8 23.1 44.7 87.6 3

 4 FA573020005 Checkable deposits and currency 4.7 -5.0 0.2 0.0 0.9 -0.3 -0.2 -0.3 -0.1 4

 5 FA573030005 Time and savings deposits 3.6 -5.0 -0.3 -0.8 0.5 -1.4 -1.1 -1.3 -0.7 5

 6 FA573034005 Money market fund shares 0.6 -0.4 1.5 1.8 11.1 0.2 0.3 -4.4 -1.7 6

 7 FA572051005 Security repurchase agreements 0.4 -0.5 -0.0 -0.1 0.0 -0.1 -0.1 -0.1 -0.1 7

 8 FA574022005 Debt securities 145.7 82.3 88.9 169.5 134.2 161.7 160.7 221.4 83.4 8

 9 FA573069105 Open market paper 3.8 -5.3 -0.2 -0.8 0.7 -1.5 -1.1 -1.4 -0.7 9

 10 FA573061105 Treasury securities 46.9 26.2 32.9 67.8 66.5 70.8 62.2 71.9 41.4 10

 11 FA573061705 Agency- and GSE-backed securities 24.9 12.9 16.6 12.0 32.5 -53.4 32.0 37.1 21.2 11

 12 FA573063005 Corporate and foreign bonds 70.0 48.6 39.6 90.4 34.5 145.8 67.6 113.8 21.5 12

 13 FA573065005 Loans (mortgages) 4.4 -2.8 1.3 1.8 2.6 1.5 1.5 1.7 1.1 13

 14 FA573064105 Corporate equities -53.1 -80.0 -8.6 -47.6 104.8 -72.9 -101.4 -120.7 -54.6 14

 15 FA573064205 Mutual fund shares 41.1 -9.0 -43.0 -119.3 -139.9 -95.7 -118.7 -122.8 6.1 15

 16 FA573090005 Miscellaneous assets 20.8 36.9 36.7 46.5 -45.4 77.9 82.2 71.4 54.2 16

 17 FA573095005 Unallocated insurance contracts (3) -5.6 0.8 1.0 -1.7 -12.6 11.3 -4.9 -0.6 -12.4 17

 18 FA573074005 Contributions receivable 19.2 -34.6 -0.9 -7.1 12.5 -15.4 -11.7 -13.9 -6.3 18

 19 FA573073005 Claims of pension fund on sponsor (4) -67.0 80.1 -13.8 7.9 -65.7 28.3 44.3 24.8 30.2 19

 20 FA573093005 Other 74.3 -9.4 50.4 47.5 20.4 53.7 54.5 61.2 42.6 20

 21 FA574190005 Net increase in pension entitlements (liabilities) 168.2 16.5 76.7 51.9 68.9 70.8 23.0 44.7 87.6 21

 Memo:

 Net acquisition of financial assets

 22 FA574090045 Defined benefit plans (5) -35.0 -26.5 -30.7 -45.3 -45.3 -45.3 -45.3 -45.3 -45.3 22

 23 FA574090055 Defined contribution plans (6) 203.1 43.0 107.4 97.1 114.2 116.1 68.3 90.0 132.9 23

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.

(4) Unfunded defined benefit pension entitlements.

(5) Additional detail on defined benefit plans is available on table F.118.b.

(6) Additional detail on defined contribution plans is available on table F.118.c.
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34 Z.1, June 10, 2021

F.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA574090045 Net acquisition of financial assets (1) -35.0 -26.5 -30.7 -45.3 -45.3 -45.3 -45.3 -45.3 -45.3 1

 2 FA573020043 Checkable deposits and currency 0.2 -0.9 -0.2 -0.4 0.2 -0.7 -0.5 -0.6 -0.3 2

 3 FA573030043 Time and savings deposits 3.7 -5.2 -0.3 -0.9 0.4 -1.5 -1.2 -1.4 -0.7 3

 4 FA573034043 Money market fund shares 4.4 -6.2 -0.4 -1.1 0.5 -1.8 -1.4 -1.7 -0.8 4

 5 FA572051043 Security repurchase agreements 0.4 -0.5 -0.0 -0.1 0.0 -0.1 -0.1 -0.1 -0.1 5

 6 FA574022045 Debt securities 110.8 62.7 39.4 83.7 -47.5 110.9 108.5 162.8 42.5 6

 7 FA573069143 Open market paper 4.0 -5.7 -0.4 -1.0 0.4 -1.6 -1.3 -1.5 -0.8 7

 8 FA573061143 Treasury securities 34.9 14.3 11.2 30.1 -13.5 48.4 39.3 46.1 23.4 8

 9 FA573061743 Agency- and GSE-backed securities 18.9 7.0 5.9 0.9 -7.1 -34.4 20.8 24.4 12.4 9

 10 FA573063043 Corporate and foreign bonds 52.9 47.0 22.7 53.7 -27.4 98.5 49.8 93.8 7.6 10

 11 FA573065043 Loans (mortgages) 1.7 -1.5 0.0 0.1 -0.0 0.1 0.1 0.1 0.1 11

 12 FA573064143 Corporate equities -89.3 -75.8 -37.6 -86.1 45.3 -102.7 -131.9 -155.0 -78.6 12

 13 FA573064243 Mutual fund shares -27.4 -39.0 -15.1 -40.7 18.2 -65.4 -53.0 -62.3 -31.6 13

 14 FA573090045 Miscellaneous assets -39.5 40.0 -16.6 0.2 -62.3 15.9 34.3 13.0 24.2 14

 15 FA573095405 Unallocated insurance contracts (2) 1.4 2.7 0.9 2.5 -1.1 4.0 3.3 3.8 1.9 15

 16 FA573074043 Contributions receivable 17.3 -36.5 -4.4 -11.8 5.3 -19.0 -15.4 -18.1 -9.2 16

 17 FA573073005 Claims of pension fund on sponsor (3) -67.0 80.1 -13.8 7.9 -65.7 28.3 44.3 24.8 30.2 17

 18 FA573093043 Other 8.9 -6.3 0.6 1.6 -0.7 2.6 2.1 2.5 1.2 18

 19 FA574190043 Net increase in pension entitlements (liabilities) -34.9 -26.6 -30.8 -45.3 -45.3 -45.3 -45.3 -45.3 -45.3 19

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.

(3) Unfunded defined benefit pension entitlements.

F.118.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA574090055 Net acquisition of financial assets 203.1 43.0 107.4 97.1 114.2 116.1 68.3 90.0 132.9 1

 2 FA573020033 Checkable deposits and currency 4.5 -4.1 0.3 0.4 0.7 0.3 0.3 0.4 0.3 2

 3 FA573030033 Time and savings deposits -0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 3

 4 FA573034055 Money market fund shares -3.9 5.8 1.9 2.9 10.7 2.0 1.8 -2.7 -0.9 4

 5 FA572051033 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA574022035 Debt securities 34.9 19.7 49.5 85.8 181.7 50.9 52.1 58.5 40.9 6

 7 FA573069133 Open market paper -0.2 0.4 0.1 0.2 0.3 0.1 0.2 0.2 0.1 7

 8 FA573061133 Treasury securities 12.1 12.0 21.7 37.7 79.9 22.4 22.9 25.7 18.0 8

 9 FA573061733 Agency- and GSE-backed securities 6.0 5.8 10.7 11.1 39.6 -19.0 11.3 12.7 8.8 9

 10 FA573063033 Corporate and foreign bonds 17.1 1.5 16.9 36.7 61.9 47.4 17.8 20.0 13.9 10

 11 FA573065033 Loans (mortgages) 2.7 -1.3 1.3 1.7 2.7 1.3 1.4 1.5 1.1 11

 12 FA573064133 Corporate equities 36.2 -4.2 29.0 38.5 59.6 29.8 30.5 34.3 23.9 12

 13 FA573064255 Mutual fund shares 68.5 30.0 -27.9 -78.7 -158.1 -30.3 -65.7 -60.5 37.7 13

 14 FA573090055 Miscellaneous assets 60.3 -3.1 53.3 46.3 16.9 62.0 47.9 58.4 29.9 14

 15 FA573095505 Unallocated insurance contracts (2) -7.0 -1.9 0.0 -4.2 -11.4 7.2 -8.2 -4.5 -14.3 15

 16 FA573074033 Contributions receivable 1.9 2.0 3.5 4.7 7.2 3.6 3.7 4.2 2.9 16

 17 FA573093055 Other 65.4 -3.1 49.8 45.9 21.2 51.2 52.4 58.7 41.3 17

 18 FA574090055 Net increase in pension entitlements (liabilities) 203.1 43.0 107.4 97.1 114.2 116.1 68.3 90.0 132.9 18

(1) Includes 401(k) and 403(b) type plans.

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
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Z.1, June 10, 2021 35

F.119 Federal Government Employee Retirement Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA344090005 Net acquisition of financial assets (1) 81.1 83.8 73.5 102.6 86.7 150.2 101.2 72.2 99.9 1

 2 FA343020033 Checkable deposits and currency 0.1 -0.2 -0.1 0.2 0.2 0.2 0.2 0.2 0.2 2

 3 FA344022005 Debt securities -83.3 309.2 113.5 147.7 183.2 199.5 119.0 89.1 151.4 3

 4 FA343061105 Treasury securities (2) -84.1 309.4 111.2 145.5 190.6 193.8 113.8 84.0 151.3 4

 5 FA343061705 Agency- and GSE-backed securities 0.4 -0.3 1.3 1.3 -2.8 2.9 2.0 3.2 -0.6 5

 6 FA343062033 Municipal securities -0.0 -0.0 0.0 -0.0 -0.0 0.0 -0.0 0.0 0.0 6

 7 FA343063005 Corporate and foreign bonds 0.3 0.0 1.0 0.9 -4.6 2.8 3.3 2.0 0.7 7

 8 FA343064105 Corporate equities 6.5 -21.6 -5.0 -24.1 -48.8 18.9 -23.4 -43.1 17.5 8

 9 FA313169003 Loans (other loans and advances) (3) 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA343073045 Claims of pension fund on sponsor (misc. assets) (4) 6.2 -51.9 -35.0 -21.2 -47.8 -68.4 5.5 26.0 -69.2 10

 11 FA344090005 Net increase in pension entitlements (liabilities) 81.1 83.8 73.5 102.6 86.7 150.2 101.2 72.2 99.9 11

 Memo:

 Net acquisition of financial assets

 12 FA344090045 Defined benefit plans (5) 72.9 72.0 75.4 77.7 77.7 76.5 78.2 78.3 80.0 12

 13 FA344090055 Defined contibution plans (6) 8.2 11.8 -1.9 24.9 9.0 73.7 23.0 -6.1 19.9 13

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Comprised primarily of nonmarketable Treasury securities.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.

(4) Unfunded defined benefit pension entitlements.

(5) Additional detail on defined benefit plans is available on table F.119.b

(6) Additional detail on defined contribution plans is available on table F.119.c.
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36 Z.1, June 10, 2021

F.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA344090045 Net acquisition of financial assets (2) 72.9 72.0 75.4 77.7 77.7 76.5 78.2 78.3 80.0 1

 2 FA343020033 Checkable deposits and currency 0.1 -0.2 -0.1 0.2 0.2 0.2 0.2 0.2 0.2 2

 3 FA344022045 Debt securities 68.4 124.6 112.0 100.9 123.4 147.5 74.3 58.4 153.3 3

 4 FA343061165 Treasury securities (3) 68.5 124.7 111.8 101.5 126.6 147.4 74.5 57.6 151.4 4

 5 FA343061733 Agency- and GSE-backed securities 0.0 0.1 0.1 -0.2 -0.9 0.3 -0.6 0.2 0.2 5

 6 FA343062033 Municipal securities -0.0 -0.0 0.0 -0.0 -0.0 0.0 -0.0 0.0 0.0 6

 7 FA343063033 Corporate and foreign bonds -0.1 -0.2 0.1 -0.4 -2.3 -0.2 0.3 0.6 1.7 7

 8 FA343064135 Corporate equities -1.8 -0.4 -1.6 -2.2 2.0 -2.8 -1.8 -6.3 -4.2 8

 9 FA343073045 Claims of pension fund on sponsor (misc. assets) (4) 6.2 -51.9 -35.0 -21.2 -47.8 -68.4 5.5 26.0 -69.2 9

 10 FA344190045 Net increase in pension entitlements (liabilities) 72.9 72.0 75.4 77.7 77.7 76.5 78.2 78.3 80.0 10

(1) Includes Civil Service Retirement and Disability Fund, Railroad Retirement Board, judicial retirement fund, Military Retirement Fund, Foreign Service Retirement and

 Disability Fund, and the National Railroad Investment Trust.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Comprised primarily of nonmarketable Treasury securities.

(4) Unfunded defined benefit pension entitlements.

F.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA344090055 Net acquisition of financial assets 8.2 11.8 -1.9 24.9 9.0 73.7 23.0 -6.1 19.9 1

 2 FA344022025 Debt securities -151.7 184.6 1.5 46.8 59.8 52.0 44.7 30.7 -1.8 2

 3 FA343061155 Treasury securities (2) -152.6 184.7 -0.6 44.0 64.0 46.4 39.2 26.4 -0.1 3

 4 FA343061723 Agency- and GSE-backed securities 0.4 -0.3 1.2 1.5 -2.0 2.6 2.5 3.0 -0.8 4

 5 FA343063023 Corporate and foreign bonds 0.4 0.3 0.9 1.3 -2.3 3.0 2.9 1.3 -0.9 5

 6 FA343064125 Corporate equities 8.3 -21.2 -3.4 -21.9 -50.8 21.7 -21.7 -36.8 21.7 6

 7 FA313169003 Loans (other loans and advances) (3) 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA344090055 Net increase in pension entitlements (liabilities) 8.2 11.8 -1.9 24.9 9.0 73.7 23.0 -6.1 19.9 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable Treasury securities held in the G fund and marketable Treasury securities held in the F fund.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
Transactions

Z.1, June 10, 2021 37

F.120 State and Local Government Employee Retirement Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA226330005 Gross saving 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 1

 2 FA225013005 Fixed nonresidential investment 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 2

 3 FA224090005 Net acquisition of financial assets (1) 235.5 196.1 246.5 243.9 208.9 252.6 251.1 262.8 221.8 3

 4 FA223020043 Checkable deposits and currency -10.4 -1.7 4.7 5.7 -3.6 -6.0 1.4 31.0 4.1 4

 5 FA223030043 Time and savings deposits -0.4 -0.4 4.5 -2.1 -0.9 -5.8 -1.3 -0.2 -1.5 5

 6 FA223034005 Money market fund shares -3.0 -2.4 -0.9 2.6 36.3 -8.0 -1.4 -16.4 1.5 6

 7 FA222051043 Security repurchase agreements -0.2 -0.2 3.4 0.9 -1.9 -9.7 -5.8 21.1 0.6 7

 8 FA224022045 Debt securities 52.5 56.9 -143.9 25.3 -21.3 -34.0 104.0 52.4 -32.0 8

 9 FA223069143 Open market paper -2.2 -1.9 -6.5 -4.4 12.4 -19.1 0.4 -11.3 -3.2 9

 10 FA223061143 Treasury securities 70.9 52.8 -24.8 -4.9 -142.5 -109.8 92.5 140.2 -3.5 10

 11 FA223061743 Agency- and GSE-backed securities 8.7 12.7 19.8 27.3 22.2 38.4 56.0 -7.5 19.4 11

 12 FA223062043 Municipal securities 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA223063045 Corporate and foreign bonds -25.4 -7.5 -132.5 7.3 86.7 56.5 -44.9 -69.0 -44.8 13

 14 FA223065043 Loans (mortgages) -7.6 5.4 -1.0 -0.3 1.8 -3.0 1.3 -1.0 -0.2 14

 15 FA223064145 Corporate equities -61.9 -82.3 -16.1 -6.4 116.3 -157.1 165.5 -150.5 -175.8 15

 16 FA223064205 Mutual fund shares 1.3 -0.7 -1.2 2.3 -32.6 5.9 -14.7 50.7 4.8 16

 17 FA223090005 Miscellaneous assets 265.1 221.3 397.0 215.8 114.8 470.4 2.1 275.8 420.2 17

 18 FA223095505 Unallocated insurance contracts (2) 13.3 -5.4 14.5 15.2 -2.6 11.8 27.4 24.3 -10.1 18

 19 FA223073045 Claims of pension fund on sponsor (3) 207.9 224.9 246.9 278.1 205.5 255.4 262.8 388.7 314.3 19

 20 FA223093005 Other 43.8 1.8 135.5 -77.5 -88.1 203.2 -288.1 -137.2 116.0 20

 21 FA224190005 Net increase in pension entitlements (liabilities) 235.6 196.1 246.5 243.8 208.9 252.6 251.1 262.8 221.8 21

 Memo:

 Net acquisition of financial assets

 22 FA224090045 Defined benefit plans (4) 230.4 229.7 229.0 230.1 230.0 230.1 230.1 230.1 230.1 22

 23 FA224090055 Defined contibution plans (5) 5.1 -33.6 17.5 13.8 -21.1 22.5 21.0 32.7 -8.2 23

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.

(3) Unfunded defined benefit pension entitlements.

(4) Additional detail on defined benefit plans is available on table F.120.b.

(5) Additional detail on defined contribution plans is available on table F.120.c.
Transactions

38 Z.1, June 10, 2021

F.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA224090045 Net acquisition of financial assets (1) 230.4 229.7 229.0 230.1 230.0 230.1 230.1 230.1 230.1 1

 2 FA223020043 Checkable deposits and currency -10.4 -1.7 4.7 5.7 -3.6 -6.0 1.4 31.0 4.1 2

 3 FA223030043 Time and savings deposits -0.4 -0.4 4.5 -2.1 -0.9 -5.8 -1.3 -0.2 -1.5 3

 4 FA223034043 Money market fund shares -2.4 -2.0 -0.9 2.6 35.0 -8.0 -1.3 -15.5 1.8 4

 5 FA222051043 Security repurchase agreements -0.2 -0.2 3.4 0.9 -1.9 -9.7 -5.8 21.1 0.6 5

 6 FA224022045 Debt securities 52.5 56.9 -143.9 25.3 -21.3 -34.0 104.0 52.4 -32.0 6

 7 FA223069143 Open market paper -2.2 -1.9 -6.5 -4.4 12.4 -19.1 0.4 -11.3 -3.2 7

 8 FA223061143 Treasury securities 70.9 52.8 -24.8 -4.9 -142.5 -109.8 92.5 140.2 -3.5 8

 9 FA223061743 Agency- and GSE-backed securities 8.7 12.7 19.8 27.3 22.2 38.4 56.0 -7.5 19.4 9

 10 FA223062043 Municipal securities 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 FA223063045 Corporate and foreign bonds -25.4 -7.5 -132.5 7.3 86.7 56.5 -44.9 -69.0 -44.8 11

 12 FA223065043 Loans (mortgages) -7.6 5.4 -1.0 -0.3 1.8 -3.0 1.3 -1.0 -0.2 12

 13 FA223064145 Corporate equities -61.9 -82.3 -16.1 -6.4 116.3 -157.1 165.5 -150.5 -175.8 13

 14 FA223064243 Mutual fund shares 9.5 26.0 -4.0 4.1 -12.6 -4.7 -8.1 41.6 2.9 14

 15 FA223090045 Miscellaneous assets 251.2 227.9 382.3 200.3 117.2 458.4 -25.5 251.2 430.1 15

 16 FA223073045 Claims of pension fund on sponsor (2) 207.9 224.9 246.9 278.1 205.5 255.4 262.8 388.7 314.3 16

 17 FA223093043 Other 43.3 3.0 135.3 -77.8 -88.3 203.0 -288.3 -137.4 115.8 17

 18 FA224190043 Net increase in pension entitlements (liabilities) 230.4 229.7 229.0 230.0 230.0 230.0 230.0 230.0 230.0 18

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Unfunded defined benefit pension entitlements.

F.120.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA224090055 Net acquisition of financial assets 5.1 -33.6 17.5 13.8 -21.1 22.5 21.0 32.7 -8.2 1

 2 FA223034055 Money market fund shares -0.6 -0.3 0.0 0.1 1.3 0.0 -0.0 -0.9 -0.3 2

 3 FA223064255 Mutual fund shares -8.2 -26.7 2.8 -1.7 -20.0 10.5 -6.5 9.1 1.9 3

 4 FA223090055 Miscellaneous assets 13.9 -6.6 14.7 15.4 -2.4 12.0 27.6 24.6 -9.9 4

 5 FA223095505 Unallocated insurance contracts (misc. assets) (2) 13.3 -5.4 14.5 15.2 -2.6 11.8 27.4 24.3 -10.1 5

 6 FA223093053 Other 0.5 -1.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 6

 7 FA224090055 Net increase in pension entitlements (liabilities) 5.1 -33.6 17.5 13.8 -21.1 22.5 21.0 32.7 -8.2 7

(1) Includes 403(b) and 457 type plans.

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.
Transactions

Z.1, June 10, 2021 39

F.121 Money Market Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA634090005 Net acquisition of financial assets 117.2 189.9 596.0 701.3 3093.7 1300.9 -1054.3 -535.2 924.6 1

 2 FA633091003 Foreign deposits 1.9 -2.2 5.8 -6.7 -14.5 -6.6 -4.9 -0.7 3.9 2

 3 FA633020000 Checkable deposits and currency -7.5 -65.8 44.9 -9.0 -104.8 -137.2 -169.7 375.8 -187.3 3

 4 FA633030000 Time and savings deposits 36.7 11.7 68.2 -118.3 -128.1 -115.4 -121.0 -108.6 144.5 4

 5 FA632051000 Security repurchase agreements 154.8 63.0 155.7 -168.8 1537.2 -2551.4 363.9 -25.1 557.9 5

 6 FA634022005 Debt securities -68.1 181.7 319.0 1004.0 1680.6 3876.3 -1046.6 -494.0 336.6 6

 7 FA633069175 Open market paper 42.9 41.1 43.5 -63.8 -52.2 -42.8 -180.1 20.1 45.0 7

 8 FA633061105 Treasury securities -94.7 170.6 163.0 1219.8 925.0 4327.9 -298.4 -75.2 424.6 8

 9 FA633061700 Agency- and GSE-backed securities 1.8 -37.4 110.2 -124.7 820.7 -421.0 -538.3 -360.3 -120.5 9

 10 FA633062000 Municipal securities -19.9 8.4 -8.9 -21.4 6.0 16.4 -44.1 -63.8 -12.1 10

 11 FA633063005 Corporate and foreign bonds 1.9 -1.1 11.0 -5.9 -19.0 -4.2 14.4 -14.8 -0.3 11

 12 FA633093005 Miscellaneous assets -0.7 1.4 2.4 -0.0 123.3 235.2 -76.1 -282.5 69.0 12

 13 FA634090005 Net share issues (liabilities) 117.2 189.9 596.0 701.3 3093.7 1300.9 -1054.3 -535.2 924.6 13

 Memo:

 14 FA634090503 Variable annuity money market funds included above -3.7 6.1 -3.0 5.6 45.2 -7.9 -4.3 -10.8 -6.6 14

(1) Open-end investment companies including variable annuity money market funds.

F.122 Mutual Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA656006403 Gross saving -68.1 -78.7 -48.4 -50.0 -50.0 -40.0 -55.0 -55.0 -55.0 1

 2 FA654090000 Net acquisition of financial assets 318.4 -63.4 208.0 -226.8 -1223.8 61.4 106.2 149.1 362.0 2

 3 FA652051003 Security repurchase agreements 14.0 -16.4 21.2 5.4 17.9 -12.8 -29.8 46.2 28.9 3

 4 FA654022005 Debt securities 382.0 185.0 356.5 339.7 -1048.2 436.5 1228.2 742.3 698.5 4

 5 FA653069100 Open market paper 14.0 -16.4 21.2 5.4 8.6 -9.0 -19.7 41.5 21.5 5

 6 FA653061105 Treasury securities 187.4 69.7 120.0 -46.5 -1062.7 406.0 222.9 247.9 163.1 6

 7 FA653061703 Agency- and GSE-backed securities 3.0 5.6 31.0 55.8 70.4 -481.6 476.9 157.5 87.8 7

 8 FA653062003 Municipal securities 40.0 22.1 105.8 49.7 -88.0 52.8 147.8 86.2 119.5 8

 9 FA653063005 Corporate and foreign bonds 137.7 104.0 78.5 275.3 23.5 468.3 400.2 209.1 306.5 9

 10 FA653069803 Loans (other loans and advances) 17.9 0.7 -33.7 -29.0 -120.0 -0.2 -2.8 7.0 61.3 10

 11 FA653064100 Corporate equities -133.4 -120.6 -219.4 -481.6 -361.8 -330.7 -667.2 -566.6 -587.1 11

 12 FA653093005 Miscellaneous assets 38.0 -112.2 83.4 -61.3 288.3 -31.4 -422.1 -79.8 160.3 12

 13 FA653164205 Net share issues (liabilities) 318.4 -63.4 208.0 -226.8 -1223.8 61.4 106.2 149.1 362.0 13

 14 FA657005005 Discrepancy -68.1 -78.7 -48.4 -50.0 -50.0 -40.0 -55.0 -55.0 -55.0 14

 Memo:

 15 FA654090500 Variable annuity mutual funds included above -93.5 -104.6 -104.2 -116.2 -173.7 -75.1 -115.7 -100.2 -126.0 15

 Net acquisition of financial assets by investment objective:

 16 FA654091600 Domestic equity funds -158.2 -161.7 -205.4 -381.7 -473.2 -266.4 -483.0 -304.1 -318.8 16

 17 FA654092603 World equity funds 118.4 40.9 -6.0 -142.3 44.5 -186.6 -218.4 -208.5 -162.3 17

 18 FA654091403 Hybrid funds 2.5 -58.7 -15.2 -53.9 -187.5 17.5 -24.4 -21.1 8.3 18

 19 FA654091303 Taxable bond funds 315.1 96.4 325.0 295.6 -566.6 448.2 690.9 609.7 667.4 19

 20 FA654091203 Municipal bond funds 40.7 19.6 109.7 55.5 -68.4 68.7 120.5 101.0 120.2 20

(1) Open-end investment companies including variable annuity mutual funds. Quarterly figures for net acquisition of financial assets by investment objective (lines 16 through 20)

 are not seasonally adjusted and therefore may not sum to total net acquisition of financial assets (line 2).
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40 Z.1, June 10, 2021

F.123 Closed-End Funds 

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA554090005 Net acquisition of financial assets 0.7 1.9 5.9 2.7 11.3 -0.7 -0.2 0.5 0.6 1

 2 FA554022005 Debt securities 1.2 2.3 3.2 0.8 3.6 -0.7 -0.2 0.7 1.5 2

 3 FA553061103 Treasury securities 0.1 -0.2 -0.5 -0.4 -3.0 0.8 0.5 0.3 0.6 3

 4 FA553062003 Municipal securities 0.2 2.0 1.7 -0.3 0.5 -0.2 -0.0 -1.5 1.3 4

 5 FA553063003 Corporate and foreign bonds 0.9 0.5 2.0 1.5 6.1 -1.3 -0.6 1.9 -0.4 5

 6 FA553064103 Corporate equities -0.5 -0.4 2.6 1.9 7.7 0.0 0.0 -0.2 -0.9 6

 7 FA554090005 Net share issues (liabilities) 0.7 1.9 5.9 2.7 11.3 -0.7 -0.2 0.5 0.6 7

 Memo:

 Net acquisition of financial assets by investment objective:

 8 FA554091603 Domestic equity funds -0.1 -0.4 0.8 2.0 7.7 0.0 0.0 0.1 -0.7 8

 9 FA554092603 World equity funds -0.4 -0.1 1.8 -0.1 -0.0 0.0 -0.0 -0.3 -0.2 9

 10 FA554091303 Domestic taxable bond funds 0.8 0.3 1.3 0.6 -0.2 -0.5 -0.2 3.1 0.2 10

 11 FA554091203 Municipal bond funds 0.2 2.0 1.7 -0.3 0.5 -0.2 -0.0 -1.5 1.3 11

 12 FA554092303 World bond funds 0.2 -0.0 0.3 0.6 3.3 0.0 0.0 -0.9 0.0 12

F.124 Exchange-Traded Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA564090005 Net acquisition of financial assets 471.0 311.0 322.6 500.9 371.4 616.7 454.2 561.3 1075.9 1

 2 FA564022005 Debt securities 122.0 99.0 148.3 202.9 43.2 340.9 225.4 201.9 172.6 2

 3 FA563061103 Treasury securities 27.4 58.7 44.1 33.7 81.8 29.9 15.6 7.4 43.4 3

 4 FA563062003 Municipal securities 5.3 6.6 10.5 14.2 3.8 15.9 15.0 22.0 21.0 4

 5 FA563063003 Corporate and foreign bonds 89.3 33.6 93.7 155.0 -42.4 295.1 194.8 172.5 108.3 5

 6 FA563064100 Corporate equities 347.3 210.4 165.9 254.3 282.0 180.8 172.9 381.5 922.9 6

 7 FA563093003 Miscellaneous assets (1) 1.6 1.7 8.4 43.7 46.2 94.9 55.9 -22.2 -19.6 7

 8 FA564090005 Net share issues (liabilities) 471.0 311.0 322.6 500.9 371.4 616.7 454.2 561.3 1075.9 8

 Memo:

 Net acquisition of financial assets by investment objective:

 9 FA564091600 Domestic equity funds 186.0 139.1 132.7 189.1 304.3 186.7 9.8 255.7 637.1 9

 10 FA564092603 World equity funds 159.7 70.3 29.8 62.5 -1.0 -58.3 89.9 219.6 311.8 10

 11 FA563093003 Commodity funds (1) 1.6 1.7 8.4 43.7 46.2 94.9 55.9 -22.2 -19.6 11

 12 FA564091403 Hybrid funds 2.5 1.7 5.5 4.2 2.4 1.6 4.6 8.0 -0.7 12

 13 FA564091303 Taxable bond funds 115.8 91.7 135.8 187.2 38.5 324.4 208.7 177.1 151.9 13

 14 FA564091203 Municipal bond funds 5.3 6.6 10.4 14.2 3.8 15.9 15.0 22.0 21.0 14

(1) Investments primarily in commodities, currencies, and futures.
Transactions

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F.125 Government-Sponsored Enterprises (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA406000105 Gross saving 6.8 6.1 5.6 6.6 7.3 6.3 6.3 6.3 6.3 1

 2 FA405013005 Fixed nonresidential investment 1.1 0.9 0.9 0.9 0.9 0.8 0.9 0.9 0.9 2

 3 FA404090005 Net acquisition of financial assets 141.1 112.6 199.7 594.9 1404.7 -232.2 418.5 788.6 860.3 3

 4 FA403020005 Checkable deposits and currency 0.7 -12.6 -2.2 57.8 429.4 -283.7 -53.7 139.3 245.7 4

 5 FA403030005 Time and savings deposits 1.7 12.7 -4.4 -7.0 0.7 -11.0 -19.0 1.3 -6.4 5

 6 FA402050005 Federal funds and security repos 10.6 -25.0 24.6 17.3 -165.0 284.4 -72.4 22.3 -262.8 6

 7 FA404022005 Debt securities -39.0 4.0 52.8 46.7 -8.1 251.2 57.9 -114.3 -113.0 7

 8 FA403069105 Open market paper 0.5 0.5 0.3 0.2 4.2 -2.8 -5.2 4.4 -1.3 8

 9 FA403061105 Treasury securities -1.2 15.2 52.0 78.9 8.9 255.1 103.9 -52.2 -74.8 9

 10 FA403061705 Agency- and GSE-backed securities -20.0 -5.1 3.8 -29.3 -16.6 -0.5 -37.7 -62.5 -34.8 10

 11 FA403062005 Municipal securities -1.2 -0.7 -0.6 -0.5 -0.2 -0.7 -0.2 -1.0 -0.2 11

 12 FA403063005 Corporate and foreign bonds -17.0 -6.0 -2.7 -2.6 -4.5 0.1 -2.9 -3.0 -2.0 12

 13 FA404023005 Loans 207.0 149.3 96.7 417.7 1056.3 -552.6 439.9 727.2 958.5 13

 14 FA403069305 Other loans and advances 32.5 4.2 -83.2 -215.1 784.9 -1140.8 -267.6 -237.1 64.0 14

 15 FA403069385 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA403069345 Farm Credit System 4.7 6.8 7.4 13.5 5.3 13.0 15.0 20.6 2.1 16

 17 FA403069330 FHLB loans 27.8 -2.6 -90.6 -228.6 779.6 -1153.8 -282.6 -257.7 61.9 17

 18 FA403065005 Mortgages 174.4 145.1 180.0 632.9 271.4 588.2 707.5 964.3 894.5 18

 19 FA403065105 One-to-four-family residential 138.7 113.4 135.2 570.0 246.0 498.6 681.2 854.1 860.8 19

 20 FA403065195 Consolidated trusts (2) 185.6 164.0 154.2 532.9 225.2 451.3 638.2 816.7 870.0 20

 21 FA403065185 Other -46.9 -50.7 -19.0 37.1 20.8 47.3 42.9 37.4 -9.2 21

 22 FA403065405 Multifamily residential 31.7 25.8 31.2 55.4 18.3 81.3 19.2 102.9 29.4 22

 23 FA403065495 Consolidated trusts (2) 40.7 31.1 37.3 51.9 32.1 54.8 41.6 79.1 65.9 23

 24 FA403065485 Other -9.0 -5.3 -6.2 3.5 -13.8 26.5 -22.4 23.8 -36.5 24

 25 FA403065605 Farm 4.0 5.9 13.6 7.5 7.1 8.3 7.1 7.3 4.3 25

 26 FA403066005 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 FA403093005 Miscellaneous assets -39.8 -15.7 32.1 62.3 91.3 79.5 65.8 12.8 38.3 27

 28 FA404194005 Net increase in liabilities and equity 154.3 86.9 203.1 634.9 1437.2 -288.1 547.0 843.3 620.6 28

 29 FA404190005 Net increase in liabilities 153.4 82.5 207.3 641.9 1409.7 -249.9 557.3 850.4 624.2 29

 30 FA402150005 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 30

 31 FA403161705 Debt securities (GSE issues) (3) 153.1 81.1 204.9 635.9 1388.3 -177.4 505.6 827.2 665.9 31

 32 FA403161795 Consolidated trusts (2) 226.3 195.1 191.5 584.8 257.4 506.1 679.8 895.8 935.9 32

 33 FA403161785 Other -73.2 -114.0 13.3 51.1 1131.0 -683.5 -174.2 -68.6 -269.9 33

 34 FA403169283 Loans (U.S. government loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 FA403190005 Miscellaneous liabilities 0.3 1.4 2.4 5.9 21.4 -72.5 51.7 23.2 -42.2 35

 36 FA403164105 Net equity issues (corporate equities) 0.9 4.5 -4.2 -7.0 27.6 -38.2 -10.2 -7.2 -3.5 36

 37 FA407005005 Discrepancy 18.9 -20.5 8.2 45.7 39.0 -50.4 134.0 60.1 -234.2 37

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing

 Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (F.126) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (F.125).

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Such issues are classified as agency- and GSE-backed securities.

F.126 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA413065005 Net acquisition of financial assets 193.5 165.8 113.8 22.3 117.3 -44.4 30.7 -14.5 33.7 1

 2 FA413065105 One-to-four-family residential mortgages 141.0 123.0 76.0 -15.8 106.0 -54.8 -42.1 -72.4 -28.7 2

 3 FA413065405 Multifamily residential mortgages 53.4 43.0 38.1 38.3 11.5 10.5 73.0 58.0 62.8 3

 4 FA413065505 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA413065605 Farm mortgages -1.0 -0.2 -0.4 -0.2 -0.2 -0.1 -0.3 -0.2 -0.4 5

 6 FA413065005 Net increase in pool securities (liabilities)(2) 193.5 165.8 113.8 22.3 117.3 -44.4 30.7 -14.5 33.7 6

(1) Ginnie Mae, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (F.126) are consolidated

 on Fannie Mae’s and Freddie Mac’s balance sheets (table F.125). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed

 CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
Transactions

42 Z.1, June 10, 2021

F.127 Issuers of Asset-Backed Securities (ABS)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA676330023 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 FA675013025 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA674090005 Net acquisition of financial assets -45.8 14.3 69.6 48.1 239.2 -47.8 -0.5 1.6 13.0 3

 4 FA674022005 Debt securities -8.2 8.1 12.6 -2.7 -4.0 -5.8 -4.1 3.1 -7.0 4

 5 FA673061103 Treasury securities -8.2 8.1 12.6 -2.7 -4.0 -5.8 -4.1 3.1 -7.0 5

 6 FA673061703 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FA674023005 Loans -48.1 1.6 50.1 31.6 210.3 -53.8 -6.7 -23.3 -6.7 7

 8 FA673069005 Other loans and advances -5.4 -3.9 38.0 46.0 99.2 8.6 26.9 49.2 9.0 8

 9 FA673065005 Mortgages (2) -33.6 17.4 14.5 -13.1 113.3 -60.6 -30.4 -74.6 -14.4 9

 10 FA673065105 One-to-four-family residential -28.9 4.8 -5.4 -32.1 42.5 -42.8 -45.6 -82.7 -74.1 10

 11 FA673065405 Multifamily residential -4.5 0.5 2.5 5.0 26.7 0.8 -4.1 -3.5 5.8 11

 12 FA673065505 Commercial -0.2 12.2 17.4 14.0 44.1 -18.7 19.3 11.5 54.0 12

 13 FA673066000 Consumer credit -9.1 -11.9 -2.4 -1.2 -2.2 -1.8 -3.2 2.2 -1.3 13

 14 FA673070003 Trade credit -1.5 1.4 0.6 0.2 9.5 -5.9 -11.3 8.5 -5.2 14

 15 FA673090543 Miscellaneous assets (funding agreements) (3) 12.0 3.1 6.2 19.0 23.4 17.7 21.7 13.2 31.8 15

 16 FA674122005 Net increase in liabilities -45.8 14.3 69.6 48.1 239.2 -47.8 -0.5 1.6 13.0 16

 17 FA673169105 Commercial paper -15.4 15.9 -5.0 13.6 9.9 -0.8 26.5 18.6 -26.5 17

 18 FA673163005 Corporate bonds (net) (4) -30.4 -1.6 74.6 34.6 229.3 -47.1 -27.0 -17.1 39.5 18

 19 FA677005005 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 Memo:

 Securitized assets not included above

 20 FA675013263 Consumer leases (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FA643065045 REIT assets (6) -23.6 12.2 29.2 -10.8 -80.2 23.7 14.2 -0.8 -12.9 21

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Funding agreements with life insurance companies.

(4) Net issuance less net acquisition of corporate bonds held as assets.

(5) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset; depreciation is included in line 1, and fixed investment is included in line 2.

(6) Included in table F.129.
Transactions

Z.1, June 10, 2021 43

F.128 Finance Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA616000105 Gross saving less net capital transfers paid (2) 90.4 86.1 111.6 121.4 114.4 125.1 128.3 117.8 118.3 1

 2 FA615013005 Fixed nonresidential investment 81.7 85.0 89.6 85.7 86.0 77.7 87.3 91.8 95.0 2

 3 FA614090005 Net acquisition of financial assets -42.2 -10.4 -3.5 13.2 161.7 -34.0 -60.2 -14.9 -26.2 3

 4 FA613020003 Checkable deposits and currency -2.1 -4.3 -2.0 4.2 16.9 17.1 -14.9 -2.4 -1.2 4

 5 FA613030003 Time and savings deposits -6.4 -13.0 -6.0 12.5 50.8 51.2 -44.8 -7.2 -3.6 5

 6 FA613063003 Debt securities (corporate and foreign bonds) -10.6 -4.5 -0.5 9.7 7.4 16.4 5.9 9.2 5.9 6

 7 FA614023005 Loans -22.2 -6.0 -4.5 -19.4 16.0 -115.1 17.4 4.2 -6.9 7

 8 FA613069500 Other loans and advances -0.8 9.8 -10.4 -25.9 51.5 -127.0 -13.2 -14.9 -44.0 8

 9 FA613065000 Mortgages -14.4 -8.9 2.5 -7.2 -16.2 -10.9 -14.6 13.1 -14.5 9

 10 FA613066005 Consumer credit -7.1 -6.9 3.4 13.7 -19.3 22.8 45.2 5.9 51.6 10

 11 FA613092003 U.S. direct investment abroad 16.0 -8.6 12.5 -3.5 9.9 -21.1 4.8 -7.5 1.9 11

 12 FA613090005 Miscellaneous assets -16.7 26.1 -2.9 9.6 60.6 17.5 -28.6 -11.2 -22.3 12

 13 FA614194005 Net increase in liabilities and equity -66.9 -15.8 -25.8 11.8 197.0 -12.1 -107.1 -30.7 -27.2 13

 14 FA614190005 Net increase in liabilities -67.3 -25.0 -33.0 11.5 197.7 -12.2 -114.6 -25.0 -36.7 14

 15 FA614122005 Debt securities -51.2 44.1 -43.8 -20.2 100.8 -46.9 -119.3 -15.3 -35.5 15

 16 FA613169100 Open market paper 0.7 -7.5 -1.1 -21.7 -2.4 -49.2 -22.4 -12.9 1.0 16

 17 FA613163005 Corporate bonds -51.9 51.6 -42.7 1.5 103.1 2.3 -96.9 -2.4 -36.5 17

 18 FA614123005 Loans -11.3 -0.4 5.9 24.8 27.7 25.9 32.6 12.9 -11.9 18

 19 FA613168005 Depository institution loans n.e.c. -11.3 2.3 5.6 25.3 27.9 27.3 32.1 13.8 -10.3 19

 20 FA613169005 Other loans and advances -0.1 -2.7 0.4 -0.5 -0.2 -1.4 0.5 -0.9 -1.6 20

 21 FA613178005 Taxes payable 10.4 -3.0 -0.4 -0.5 0.3 0.6 -2.9 0.0 1.0 21

 22 FA613192305 Foreign direct investment: intercompany debt -0.1 -0.7 -1.9 2.2 -0.0 -0.0 -1.2 10.0 0.2 22

 23 FA613190005 Miscellaneous liabilities -15.1 -65.0 7.1 5.2 68.9 8.3 -23.9 -32.7 9.5 23

 24 FA613194003 Investment by parent 6.4 -10.9 -5.5 -5.0 -8.4 -15.0 -15.2 18.6 -2.7 24

 25 FA613193005 Other -21.5 -54.1 12.6 10.1 77.3 23.3 -8.7 -51.2 12.2 25

 26 FA613192103 Net equity issues (foreign direct investment) 0.4 9.2 7.3 0.3 -0.7 0.1 7.5 -5.7 9.4 26

 27 FA617005005 Discrepancy -16.1 -4.3 -0.2 34.3 63.7 69.4 -6.0 10.3 22.2 27

 Memo:

 28 FA613066303 Consumer leases not included above (3) 3.7 0.6 -2.4 -9.4 -10.0 -21.3 -6.2 -0.2 2.3 28

(1) Includes retail captive finance companies and mortgage companies.

(2) Net capital transfers paid from table F.5, line 57.

(3) See footnote (5), table F.127.
Transactions

44 Z.1, June 10, 2021

F.129 Real Estate Investment Trusts (REITs) (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA646000105 Gross saving -46.8 -54.7 -29.9 -11.6 -14.6 -4.0 -8.7 -19.0 -19.2 1

 2 FA125013005 Fixed nonresidential investment 13.7 13.3 13.5 12.4 13.3 12.0 12.0 12.1 12.2 2

 3 FA125012063 Multifamily residential investment -1.7 3.5 7.1 2.9 5.9 -0.7 2.7 3.8 1.2 3

 4 FA644090005 Net acquisition of financial assets 78.4 67.2 77.4 -141.4 -472.6 -86.1 -28.6 21.7 32.5 4

 5 FA643020005 Checkable deposits and currency 3.1 -4.8 8.9 17.0 160.2 -22.2 -45.8 -24.2 -4.2 5

 6 FA644022005 Debt securities 55.2 30.8 46.9 -154.9 -596.4 -19.6 -16.8 13.1 -27.1 6

 7 FA643061773 Agency- and GSE-backed securities 53.9 19.4 50.3 -129.5 -541.5 9.3 -0.9 14.9 -25.2 7

 8 FA643063005 Corporate and foreign bonds 1.4 11.4 -3.4 -25.4 -55.0 -28.9 -15.9 -1.8 -2.0 8

 9 FA643065005 Loans (mortgages) 7.1 20.2 18.9 -15.1 -92.3 -11.3 47.1 -3.8 25.4 9

 10 FA643065105 One-to-four-family residential 4.8 7.7 3.3 -24.4 -88.7 -20.1 15.8 -4.5 10.9 10

 11 FA643065405 Multifamily residential 1.6 1.4 7.4 -4.1 -23.5 -0.8 3.9 4.1 4.2 11

 12 FA643065505 Commercial 0.7 11.1 8.3 13.4 20.0 9.7 27.4 -3.4 10.3 12

 13 FA643090005 Miscellaneous assets 12.9 21.0 2.6 11.6 55.9 -33.0 -13.2 36.5 38.5 13

 14 FA644194005 Net increase in liabilities and equity 127.1 99.0 162.3 -89.3 -352.3 -71.0 -8.4 74.5 35.8 14

 15 FA644190005 Net increase in liabilities 85.3 77.5 125.7 -111.2 -376.9 -97.7 -27.0 56.9 4.6 15

 16 FA642151073 Security repurchase agreements 54.9 43.3 71.8 -157.9 -478.3 -120.0 -38.4 5.1 -13.3 16

 17 FA644122005 Debt securities 21.6 31.0 69.3 41.2 -37.8 145.7 33.7 23.1 29.2 17

 18 FA643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 FA643163005 Corporate bonds 21.6 31.0 69.3 41.2 -37.8 145.7 33.7 23.1 29.2 19

 20 FA644123005 Loans 3.9 -12.9 -8.2 -6.6 144.0 -133.6 -48.2 11.4 -25.9 20

 21 FA643168005 Depository institution loans n.e.c. 5.1 3.3 -9.2 -0.6 156.5 -114.4 -49.7 5.3 0.3 21

 22 FA643169373 Other loans and advances -6.8 -0.4 -0.9 -8.2 -15.6 -11.7 -5.5 -0.2 0.0 22

 23 FA123165005 Mortgages 5.6 -15.8 1.9 2.2 3.1 -7.5 7.1 6.2 -26.2 23

 24 FA643193005 Miscellaneous liabilities 4.8 16.1 -7.2 12.1 -4.9 10.2 25.9 17.2 14.6 24

 25 FA643164103 Net equity issues (corporate equity) 41.8 21.5 36.7 21.9 24.6 26.7 18.6 17.7 31.3 25

 26 FA647005005 Discrepancy -10.1 -39.6 34.6 25.2 86.4 -0.3 -3.2 17.9 -29.3 26

 Memo:

 27 FA643065045 Securitized assets included above -23.6 12.2 29.2 -10.8 -80.2 23.7 14.2 -0.8 -12.9 27

 28 FA643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FA643065163 One-to-four-family residential mortgages -5.9 5.2 9.6 -16.8 -71.3 0.8 3.2 0.1 -7.8 29

 30 FA643065443 Multifamily residential mortgages 0.8 1.6 5.0 -4.3 -21.5 0.9 3.5 -0.1 0.4 30

 31 FA643065543 Commercial mortgages -18.5 5.3 14.7 10.3 12.7 22.0 7.6 -0.9 -5.4 31

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables F.129.e and F.129.m.
Transactions

Z.1, June 10, 2021 45

F.129.e Equity Real Estate Investment Trusts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA124090005 Net acquisition of financial assets 41.7 -8.2 8.3 32.2 159.4 -4.5 -30.9 4.9 25.8 1

 2 FA123020003 Checkable deposits and currency 4.8 -5.4 6.5 11.7 127.5 -10.0 -48.7 -22.2 -0.7 2

 3 FA123063003 Debt securities (corporate and foreign bonds) 2.0 3.2 0.0 1.3 0.8 1.9 0.6 1.7 8.7 3

 4 FA123065005 Loans (mortgages) 12.2 -5.7 3.7 5.7 3.1 0.7 17.8 1.2 9.6 4

 5 FA123065103 One-to-four-family residential 0.1 -0.0 -0.1 0.0 0.0 0.0 0.1 0.0 0.0 5

 6 FA123065403 Multifamily residential 0.2 -0.3 0.5 0.5 -0.8 0.1 0.2 2.7 2.2 6

 7 FA123065503 Commercial 12.0 -5.4 3.3 5.1 3.8 0.6 17.6 -1.5 7.4 7

 8 FA123093005 Miscellaneous assets 22.7 -0.2 -1.9 13.6 28.0 2.8 -0.5 24.2 8.2 8

 9 FA124190005 Net increase in liabilities 52.6 5.5 35.8 51.4 185.2 -3.3 -20.5 44.2 1.6 9

 10 FA123163003 Debt securities (corporate bonds) 37.6 17.2 36.0 43.2 22.8 113.1 12.1 24.9 33.7 10

 11 FA124123005 Loans 8.9 -12.7 -4.0 1.0 154.0 -119.5 -41.0 10.6 -24.9 11

 12 FA123168003 Depository institution loans n.e.c. 3.4 3.1 -5.8 -1.2 151.0 -112.0 -48.1 4.4 1.4 12

 13 FA123165005 Mortgages 5.6 -15.8 1.9 2.2 3.1 -7.5 7.1 6.2 -26.2 13

 14 FA123165403 Multifamily residential -4.7 -4.4 -1.1 2.2 2.5 1.4 -3.3 7.9 -2.6 14

 15 FA123165503 Commercial 10.3 -11.4 3.0 0.1 0.5 -8.9 10.3 -1.7 -23.7 15

 16 FA123193005 Miscellaneous liabilities 6.1 1.0 3.7 7.2 8.4 3.0 8.4 8.7 -7.2 16

F.129.m Mortgage Real Estate Investment Trusts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA644090075 Net acquisition of financial assets 36.7 75.3 69.0 -173.6 -631.9 -81.5 2.2 16.8 6.8 1

 2 FA643020073 Checkable deposits and currency -1.8 0.7 2.4 5.4 32.7 -12.2 3.0 -2.0 -3.5 2

 3 FA644022075 Debt securities 53.3 27.6 46.9 -156.2 -597.2 -21.5 -17.4 11.4 -35.8 3

 4 FA643061773 Agency- and GSE-backed securities 53.9 19.4 50.3 -129.5 -541.5 9.3 -0.9 14.9 -25.2 4

 5 FA643063073 Corporate and foreign bonds -0.6 8.2 -3.4 -26.7 -55.8 -30.8 -16.5 -3.5 -10.7 5

 6 FA643065075 Loans (mortgages) -5.1 25.9 15.2 -20.8 -95.4 -12.0 29.3 -4.9 15.8 6

 7 FA643065173 One-to-four-family residential 4.8 7.8 3.4 -24.4 -88.8 -20.1 15.7 -4.5 10.9 7

 8 FA643065473 Multifamily residential 1.4 1.8 6.9 -4.6 -22.7 -0.9 3.7 1.5 2.0 8

 9 FA643065573 Commercial -11.3 16.4 4.9 8.3 16.2 9.1 9.8 -1.9 2.9 9

 10 FA643090075 Miscellaneous assets -9.8 21.2 4.5 -2.1 27.9 -35.8 -12.7 12.3 30.3 10

 11 FA644190075 Net increase in liabilities 32.7 71.9 89.9 -162.6 -562.1 -94.4 -6.5 12.6 3.0 11

 12 FA642151073 Security repurchase agreements 54.9 43.3 71.8 -157.9 -478.3 -120.0 -38.4 5.1 -13.3 12

 13 FA644122075 Debt securities -15.9 13.8 33.3 -2.0 -60.6 32.6 21.6 -1.7 -4.6 13

 14 FA643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA643163075 Corporate bonds -15.9 13.8 33.3 -2.0 -60.6 32.6 21.6 -1.7 -4.6 15

 16 FA644123075 Loans -5.0 -0.3 -4.3 -7.6 -10.0 -14.1 -7.1 0.8 -1.0 16

 17 FA643168073 Depository institution loans n.e.c. 1.8 0.2 -3.4 0.6 5.5 -2.4 -1.6 1.0 -1.0 17

 18 FA643169373 Other loans and advances -6.8 -0.4 -0.9 -8.2 -15.6 -11.7 -5.5 -0.2 0.0 18

 19 FA643193075 Miscellaneous liabilities -1.3 15.1 -10.9 4.9 -13.3 7.1 17.4 8.4 21.8 19

 Memo:

 20 FA643065045 Securitized assets included above -23.6 12.2 29.2 -10.8 -80.2 23.7 14.2 -0.8 -12.9 20

 21 FA643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FA643065163 One-to-four-family residential mortgages -5.9 5.2 9.6 -16.8 -71.3 0.8 3.2 0.1 -7.8 22

 23 FA643065443 Multifamily residential mortgages 0.8 1.6 5.0 -4.3 -21.5 0.9 3.5 -0.1 0.4 23

 24 FA643065543 Commercial mortgages -18.5 5.3 14.7 10.3 12.7 22.0 7.6 -0.9 -5.4 24
Transactions

46 Z.1, June 10, 2021

F.130 Security Brokers and Dealers

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA666000105 Gross saving less net capital transfers paid (1) 7.6 8.7 28.3 33.8 30.2 35.3 37.9 31.7 26.8 1

 2 FA665013005 Fixed nonresidential investment 30.0 33.2 35.4 34.9 35.7 33.7 34.7 35.5 36.7 2

 3 FA664090005 Net acquisition of financial assets 74.7 261.8 109.7 232.8 1155.5 -948.5 22.2 701.8 -372.4 3

 4 FA663020003 Checkable deposits and currency -0.2 7.3 -1.0 13.2 147.0 -92.1 -20.1 18.0 -6.3 4

 5 FA662051003 Security repurchase agreements -3.7 206.2 80.8 -73.8 348.1 -803.2 -12.6 172.3 -336.3 5

 6 FA664022005 Debt securities 8.6 157.5 -71.6 -68.4 81.8 -29.8 -220.1 -105.6 -520.6 6

 7 FA663069103 Open market paper -4.5 2.1 -2.9 -0.3 48.7 -30.8 -7.9 -11.3 4.0 7

 8 FA663061105 Treasury securities 22.3 139.1 -73.1 -53.0 -47.9 29.9 -163.8 -30.4 -574.1 8

 9 FA663061703 Agency- and GSE-backed securities -14.5 18.3 28.9 -7.9 58.1 26.8 -107.7 -8.8 -23.7 9

 10 FA663062003 Municipal securities 5.1 -5.3 -5.2 -9.9 -10.0 -21.1 6.7 -15.2 8.6 10

 11 FA663063005 Corporate and foreign bonds 0.1 3.3 -19.4 2.8 32.9 -34.6 52.6 -39.9 64.7 11

 12 FA663069005 Loans (other loans and advances) 58.4 -26.6 32.5 165.3 86.4 -84.4 267.2 391.9 361.8 12

 13 FA663064103 Corporate equities -26.3 -19.9 -22.8 7.0 54.3 18.2 37.7 -82.1 154.6 13

 14 FA663092003 U.S. direct investment abroad 10.4 -2.9 18.6 -0.2 18.1 -14.2 -4.7 0.0 -5.6 14

 15 FA663090005 Miscellaneous assets 27.5 -59.8 73.3 189.7 419.8 56.9 -25.2 307.5 -20.0 15

 16 FA664194005 Net increase in liabilities and equity 103.1 264.4 149.9 262.0 997.2 -869.1 67.3 852.7 -432.6 16

 17 FA664190005 Net increase in liabilities 62.5 260.9 92.1 204.5 1105.5 -971.2 27.9 655.7 -419.8 17

 18 FA662151003 Security repurchase agreements 79.4 305.9 56.6 19.3 243.8 -542.1 131.2 244.1 -802.4 18

 19 FA663163003 Debt securities (corporate bonds) 56.5 -1.7 -10.0 9.9 331.7 -308.7 -57.2 73.8 49.8 19

 20 FA664123005 Loans -40.7 2.1 23.4 130.9 831.6 -321.2 -152.3 165.7 108.4 20

 21 FA663168005 Depository institution loans n.e.c. 14.1 4.2 -2.1 10.1 251.0 -240.9 -23.1 53.5 28.0 21

 22 FA153067005 Other loans and advances -54.9 -2.0 25.5 120.8 580.6 -80.3 -129.2 112.2 80.3 22

 23 FA663170003 Trade payables 7.9 -27.8 -1.0 2.8 17.4 -9.3 -4.3 7.3 4.6 23

 24 FA663178005 Taxes payable 9.8 0.6 -1.4 2.2 5.3 8.5 -4.6 -0.5 3.2 24

 25 FA663192305 Foreign direct investment: intercompany debt 2.6 -3.2 0.3 3.6 -10.3 9.2 2.6 12.9 -2.8 25

 26 FA663190005 Miscellaneous liabilities -53.0 -15.0 24.3 35.8 -314.1 192.4 112.4 152.6 219.4 26

 27 FA663194005 Investment by parent companies -77.0 14.5 63.7 99.0 -36.6 142.6 100.6 189.2 49.1 27

 28 FA663193005 Other 24.0 -29.4 -39.4 -63.1 -277.5 49.8 11.8 -36.6 170.4 28

 29 FA663181125 Net equity issues 40.7 3.4 57.8 57.6 -108.3 102.1 39.5 197.0 -12.8 29

 30 FA663164103 Corporate equities 9.3 -2.3 22.1 15.6 31.5 -21.7 0.7 51.9 4.3 30

 31 FA662090003 Proprietors’ net investment 1.0 9.5 5.2 6.9 5.3 14.6 -5.5 13.0 13.8 31

 32 FA663192103 Foreign direct investment: equity 30.4 -3.8 30.4 35.1 -145.2 109.2 44.2 132.1 -30.9 32

 33 FA667005005 Discrepancy 6.1 -21.8 33.1 28.2 -163.8 81.0 48.4 147.1 -70.1 33

(1) Net capital transfers paid from table F.5, line 58.
Transactions

Z.1, June 10, 2021 47

F.131 Holding Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA736000105 Gross saving 185.7 173.7 171.6 120.5 173.9 79.9 69.4 158.9 159.7 1

 2 FA735013005 Fixed nonresidential investment 37.7 37.5 39.2 39.6 39.8 38.2 39.7 40.8 42.6 2

 3 FA734090005 Net acquisition of financial assets -5.8 -16.3 142.5 259.7 226.5 432.5 -18.4 398.3 -29.8 3

 4 FA733030003 Time and savings deposits -2.5 -2.4 0.1 1.9 -3.8 2.6 1.3 7.3 -6.6 4

 5 FA732051003 Security repurchase agreements 4.9 -4.0 0.4 39.8 -0.0 80.5 59.7 19.0 -48.6 5

 6 FA734022605 Debt securities 14.4 31.5 29.0 -12.6 -53.9 10.3 -33.7 27.0 115.4 6

 7 FA733061103 Treasury securities 13.2 12.8 22.1 1.3 -35.0 6.6 -0.6 34.4 104.8 7

 8 FA733061703 Agency- and GSE-backed securities 3.8 14.2 1.9 -10.7 -18.3 -7.5 -7.0 -9.9 -9.9 8

 9 FA733063003 Corporate and foreign bonds -2.7 4.5 5.0 -3.2 -0.6 11.3 -26.1 2.6 20.5 9

 10 FA733069005 Loans (other loans and advances) 17.9 -18.8 13.4 -11.1 44.3 -38.7 -57.7 8.0 58.3 10

 11 FA733040005 Life insurance reserves 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 11

 12 FA733090005 Miscellaneous assets -44.4 -26.7 95.6 237.7 235.9 373.7 8.0 332.9 -152.2 12

 13 FA763194735 Net trans. with depository institution affiliates 26.8 4.8 103.0 203.0 61.0 501.9 63.9 185.3 -237.0 13

 14 FA513194733 Net trans. with property-casualty ins. co. affiliates 0.6 1.2 0.8 -3.9 -0.6 -19.3 4.4 -0.2 2.9 14

 15 FA543194733 Net trans. with life insurance company affiliates 2.5 -11.0 1.1 -5.9 -23.7 0.0 0.0 0.0 0.0 15

 16 FA613194733 Net trans. with finance company affiliates -6.1 -13.3 -4.8 -1.8 -3.4 -1.0 0.8 -3.7 -2.1 16

 17 FA663194735 Net trans. with broker and dealer affiliates -55.6 -23.2 21.5 81.4 264.0 -189.6 23.4 227.6 7.1 17

 18 FA263194735 Net trans. with foreign affiliates -1.8 24.9 -1.2 -31.6 -46.3 69.1 -65.8 -83.5 70.2 18

 19 FA733093005 Other -10.8 -10.0 -24.8 -3.4 -15.1 12.5 -18.7 7.5 6.6 19

 20 FA734194005 Net increase in liabilities and equity -254.0 -229.9 -132.6 113.3 109.1 285.3 -86.9 145.7 -166.9 20

 21 FA734190005 Net increase in liabilities -155.0 -151.3 12.9 181.0 95.3 393.7 -46.1 281.2 -146.0 21

 22 FA732151003 Security repurchase agreements -0.0 -0.0 -0.0 -0.0 -0.0 0.0 0.1 -0.1 0.4 22

 23 FA734122005 Debt securities 94.4 -46.9 40.9 131.7 370.0 274.8 -151.5 33.6 -157.8 23

 24 FA733169103 Commercial paper 2.2 1.5 -0.1 -0.7 -1.8 -2.1 -5.3 6.3 1.5 24

 25 FA733163003 Corporate bonds 92.2 -48.4 41.0 132.4 371.8 276.9 -146.2 27.3 -159.3 25

 26 FA733192305 Foreign direct investment: intercompany debt (2) 10.0 -20.3 -24.7 19.6 16.0 32.6 7.4 22.2 4.2 26

 27 FA733193005 Miscellaneous liabilities -259.3 -84.0 -3.3 29.7 -290.7 86.3 97.9 225.5 7.1 27

 28 FA733164005 Equity, etc. -250.9 -98.2 -35.3 50.3 -224.5 76.5 127.3 221.9 19.6 28

 29 FA733193015 Other -8.4 14.1 32.0 -20.6 -66.2 9.8 -29.4 3.6 -12.5 29

 30 FA733181105 Net equity issuance -99.0 -78.6 -145.4 -67.7 13.7 -108.4 -40.8 -135.5 -20.9 30

 31 FA733164103 Corporate equity issues -78.6 -111.3 -149.8 -18.2 -139.4 37.5 6.9 22.2 -57.3 31

 32 FA733192103 Foreign direct investment: equity (2) -20.4 32.7 4.4 -49.5 153.2 -145.9 -47.6 -157.6 36.4 32

 33 FA737005005 Discrepancy -100.2 -77.5 -142.7 -65.5 16.6 -105.4 -38.8 -134.5 -19.9 33

(1) Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.

(2) Investment in U.S. Intermediate Holding Companies.
Transactions

48 Z.1, June 10, 2021

F.132 Other Financial Business (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA504090005 Net acquisition of financial assets 61.0 77.8 25.9 386.5 256.0 656.7 305.8 327.4 369.3 1

 2 FA713129005 Checkable deposits and currency 38.3 -3.3 -1.1 93.0 396.8 -107.1 48.9 33.4 126.2 2

 3 FA503034005 Money market fund shares 7.4 15.6 49.7 165.1 403.6 287.2 -29.2 -1.4 151.4 3

 4 FA502051003 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA504022005 Debt securities 59.2 -14.6 -62.9 107.1 -278.2 164.2 234.0 308.3 -110.3 5

 6 FA503069105 Open market paper 55.5 -12.7 -63.0 -7.2 -301.6 -231.6 234.1 270.2 100.6 6

 7 FA503061303 Nonmarketable Treasury securities 0.0 0.0 0.0 95.7 0.0 382.5 0.1 0.1 -212.4 7

 8 FA503063005 Corporate and foreign bonds 3.6 -1.9 0.2 12.4 23.4 8.5 -2.0 19.5 2.4 8

 9 FA503062003 Municipal securities 0.0 0.0 0.0 6.3 0.0 4.8 1.8 18.5 -0.9 9

 10 FA503069005 Loans (other loans and advances) -2.5 -0.9 1.4 22.5 23.1 -8.1 14.1 61.1 -8.2 10

 11 FA503064105 Corporate equities 0.0 0.0 0.0 8.8 0.0 31.9 2.6 0.6 -1.1 11

 12 FA503094505 Miscellaneous assets -41.4 81.0 38.7 -10.0 -289.3 288.5 35.5 -74.7 211.1 12

 13 FA753194503 Investment in foreign banking offices -20.1 43.4 -3.5 -27.6 11.4 -43.7 -41.7 -36.3 169.2 13

 14 FA663194505 Investment in brokers and dealers -21.4 37.7 42.3 17.6 -300.6 332.2 77.2 -38.4 41.9 14

 15 FA504194005 Net increase in liabilities and equity 61.0 77.8 25.9 386.5 256.0 656.7 305.8 327.4 369.3 15

 16 FA504190005 Net increase in liabilities 61.0 77.8 25.9 386.5 256.0 656.7 305.8 327.4 369.3 16

 17 FA504122005 Debt securities -16.9 44.7 38.0 -1.0 -369.3 311.1 70.5 -16.2 156.7 17

 18 FA503169105 Open market paper 6.0 9.3 -5.7 -24.7 -71.3 -31.3 -20.3 23.9 172.8 18

 19 FA503163005 Corporate bonds -22.9 35.3 43.7 23.8 -298.0 342.4 90.8 -40.1 -16.2 19

 20 FA504123005 Loans 0.0 0.0 0.0 40.7 0.0 60.6 19.3 82.8 -7.0 20

 21 FA713068505 Depository institution loans n.e.c. 0.0 0.0 0.0 40.7 0.0 60.6 19.3 82.8 -7.0 21

 22 FA503169205 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA503192003 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FA503190005 Miscellaneous liabilities 77.8 33.1 -12.0 346.8 625.3 285.1 216.0 260.8 219.6 24

 25 FA663097005 Securities loaned (net) 36.4 -18.9 1.7 68.1 234.1 12.8 -123.9 149.5 34.6 25

 26 FA503194305 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 FA503194205 Equity in Federal Reserve facilities (2) 0.0 0.0 0.0 112.5 0.0 450.0 0.0 0.0 -248.9 27

 28 FA503193005 Other (net) 41.5 52.0 -13.8 166.1 391.2 -177.8 339.9 111.2 433.9 28

 29 FA503181105 Net equity issuance 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

(1) Includes funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, funds associated with the Public-Private Investment Program (PPIP), Federal Reserve funding,

 credit, and liquidity facility special purpose vehicles (SPV) created in response to the 2008 Financial Crisis and COVID-19 pandemic, and deposits at Federal Reserve banks of Federal Reserve SPVs and

 designated financial market utilities (DFMU).

(2) U.S. Treasury Exchange Stabilization Fund Economic Recovery Programs investment in Federal Reserve SPVs.
Transactions

Z.1, June 10, 2021 49

F.133 Rest of the World

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA266905005 Foreign income from U.S. 3961.2 4289.5 4334.5 3856.8 4061.1 3359.6 3890.0 4116.6 4321.4 1

 2 FA266903001 U.S. imports 2930.1 3138.2 3125.2 2772.0 2933.0 2333.3 2807.7 3013.8 3156.8 2

 3 FA266904101 U.S. income payments to rest of world 740.4 858.2 900.2 769.7 811.4 714.2 761.7 791.6 845.2 3

 4 FA266400101 Curr. taxes and trans. payments to rest of world 290.6 293.2 309.1 315.2 316.7 312.1 320.6 311.2 319.4 4

 5 FA266900005 Foreign outlays to U.S. 3569.6 3821.7 3831.8 3243.4 3637.7 2793.4 3189.7 3352.7 3477.1 5

 6 FA266903011 U.S. exports 2374.6 2528.7 2514.8 2127.1 2438.7 1788.2 2071.6 2210.1 2295.3 6

 7 FA266904001 U.S. income receipts from rest of world 1032.7 1142.9 1169.8 973.8 1054.6 866.0 973.0 1001.5 1034.7 7

 8 FA266400201 Curr. taxes and trans. payments from rest of world 162.3 150.2 147.2 142.5 144.4 139.2 145.1 141.2 147.1 8

 9 FA265440005 - Net capital transfers paid (1) -16.0 -4.5 -6.6 -6.9 -12.3 -4.7 -4.6 -5.8 -15.8 9

 10 FA266000105 Gross saving less net capital transfers paid (2) 407.5 472.3 509.4 620.3 435.8 570.9 704.8 769.7 860.1 10

 11 FA265090005 Gross investment 329.2 309.0 216.7 601.4 -206.6 1330.4 442.7 839.2 689.5 11

 12 FA265420005 Nonproduced nonfinancial assets -0.0 -0.1 -0.1 0.3 0.0 0.0 1.3 -0.1 0.0 12

 13 FA265000005 Net lending (+) or net borrowing (-) 329.3 309.0 216.8 601.1 -206.7 1330.4 441.4 839.3 689.5 13

 14 FA264090005 Net acquisition of financial assets 1508.7 745.0 586.4 1349.1 2936.5 253.3 560.7 1645.8 1808.9 14

 15 FA263011205 Monetary gold (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA264016005 Net interbank assets 104.0 48.9 -83.3 29.3 1399.2 -742.8 -263.5 -275.6 -456.9 17

 18 FA263020005 U.S. checkable deposits and currency 81.6 79.5 59.0 155.4 291.2 53.9 133.0 143.6 99.9 18

 19 FA263030005 U.S. time deposits 16.9 36.7 -2.2 96.9 415.1 -67.9 -44.9 85.4 125.7 19

 20 FA263034003 Money market fund shares 0.1 17.3 14.4 2.0 21.6 21.6 -26.5 -8.7 19.2 20

 21 FA262051005 Security repurchase agreements 31.0 -30.8 11.6 12.8 496.4 -475.9 -89.0 119.6 304.4 21

 22 FA264022005 Debt securities 652.0 142.6 444.3 16.9 -1115.4 1029.6 3.3 150.0 756.4 22

 23 FA263069103 Open market paper -6.8 -9.5 5.5 -46.1 -60.0 69.4 -86.5 -107.3 17.9 23

 24 FA263061105 Treasury securities 308.2 120.2 225.7 -74.9 -1148.2 438.6 171.4 238.4 591.5 24

 25 FA263061705 Agency- and GSE-backed securities 22.0 95.7 56.1 -60.2 208.1 -234.6 -248.2 33.9 -110.4 25

 26 FA263062003 Municipal securities 7.1 -1.6 4.0 4.3 -3.3 17.1 3.7 -0.4 -14.9 26

 27 FA263063005 U.S. corporate bonds (4) 321.5 -62.2 153.1 193.8 -112.0 739.1 162.9 -14.7 272.2 27

 28 FA263069500 Loans to U.S. corporate business 99.5 23.5 97.5 74.8 168.2 25.7 59.7 45.7 98.6 28

 29 FA263064105 U.S. corporate equities 116.9 110.9 -205.4 711.8 865.7 293.0 589.8 1098.7 403.5 29

 30 FA263064203 Mutual fund shares 32.6 28.7 -53.0 11.9 167.5 -56.0 -7.8 -56.1 90.3 30

 31 FA263070005 Trade receivables 45.6 33.4 18.6 85.0 75.7 106.9 74.8 82.4 41.6 31

 32 FA543141905 Life insurance reserves 2.7 -9.3 0.3 -9.1 -8.0 -11.7 -7.7 -9.1 -0.0 32

 33 FA543151905 Pension entitlements 0.4 11.0 0.6 -13.6 -12.0 -17.4 -11.4 -13.6 0.0 33

 34 FA263092001 Foreign direct investment in U.S. (5) 315.0 243.4 282.1 177.1 172.2 99.2 158.7 278.2 320.5 34

 35 FA263076005 Miscellaneous assets (insurance receivables) 10.4 9.1 2.0 -2.1 -1.1 -4.8 -7.9 5.2 5.7 35

 36 FA264194005 Net increase in liabilities and equity 1179.4 436.0 369.6 748.0 3143.1 -1077.0 119.3 806.6 1119.4 36

 37 FA264190005 Net increase in liabilities 647.3 482.8 387.4 273.6 2010.0 -889.2 -578.4 552.0 398.2 37

 38 FA263111005 U.S. official reserve assets -1.7 5.0 4.7 9.0 -1.0 19.8 7.3 9.8 -10.1 38

 39 FA263191005 U.S. private deposits 259.8 66.3 62.2 82.0 725.3 -474.8 246.5 -169.0 -26.1 39

 40 FA262151003 Security repurchase agreements -32.8 116.4 109.1 61.8 391.0 -345.2 -103.5 304.8 -498.3 40

 41 FA264122005 Debt securities 384.2 145.3 158.8 61.2 -741.2 357.1 207.9 420.9 873.6 41

 42 FA263169105 Commercial paper 91.9 6.3 84.4 11.0 -138.0 5.2 91.3 85.6 134.4 42

 43 FA263163005 Bonds 292.3 139.0 74.3 50.2 -603.2 351.9 116.5 335.4 739.2 43

 44 FA264123005 Loans 15.5 52.4 94.3 62.4 353.8 -152.3 -21.8 69.8 74.5 44

 45 FA263168005 Depository institution loans n.e.c. 12.7 58.2 87.2 65.9 332.8 -119.9 -4.0 54.7 73.0 45

 46 FA263169005 Other loans and advances 2.8 -5.8 7.1 -3.5 21.0 -32.4 -17.9 15.1 1.5 46

 47 FA263170005 Trade payables 7.4 2.7 2.0 4.8 -14.2 15.3 16.2 1.8 11.3 47

 48 FA263140005 Life insurance reserves 23.1 -31.6 1.8 15.5 13.6 19.8 13.0 15.5 -2.7 48

 49 FA263150005 Pension entitlements 3.6 58.7 3.1 46.9 41.9 59.6 39.3 46.6 1.8 49

 50 FA263192305 U.S. direct investment abroad: intercompany debt (4,5) -38.8 48.8 -54.6 -56.7 -137.5 65.2 -98.9 -55.7 -48.2 50

 51 FA263190005 Miscellaneous liabilities 27.0 18.7 5.9 -13.1 1378.2 -453.9 -884.2 -92.4 22.6 51

 52 FA313092803 U.S. equity in IBRD, etc. 1.5 1.3 1.4 1.8 5.2 0.0 0.9 1.3 -0.1 52

 53 FA263191103 Nonofficial foreign currencies 6.5 -7.9 -0.5 14.2 1415.8 -523.2 -812.0 -24.0 -61.5 53

 54 FA263194735 Net investment by holding companies -1.8 24.9 -1.2 -31.6 -46.3 69.1 -65.8 -83.5 70.2 54

 55 FA263195105 Accident and health insurance reserves -0.7 -1.5 0.8 5.8 5.1 7.4 4.9 5.8 -1.8 55

 56 FA263176005 Policy payables 21.4 1.8 5.5 -3.3 -1.6 -7.3 -12.2 8.1 15.7 56

 57 FA263181125 Net equity issues 532.1 -46.8 -17.8 474.4 1133.1 -187.8 697.7 254.5 721.2 57

 58 FA263164100 Foreign corporate equities (6) 139.9 171.3 -191.3 299.7 1073.5 -390.1 379.6 135.8 437.2 58

 59 FA263192101 U.S. direct investment abroad: equity (5) 392.2 -218.1 173.5 174.7 59.6 202.3 318.1 118.7 284.0 59

 60 FA267005005 Discrepancy (FOF basis) 78.3 163.4 292.7 18.9 642.4 -759.5 262.1 -69.5 170.6 60

 Memo:

 61 FA266903005 Net U.S. exports, NIPA basis -555.5 -609.5 -610.5 -644.8 -494.3 -545.2 -736.1 -803.7 -861.5 61

 62 FA266904005 + Net U.S. income receipts (7) 292.3 284.7 269.6 204.1 243.2 151.9 211.3 209.9 189.5 62

 63 FA266400101 - Curr. taxes and trans. payments to rest of world 290.6 293.2 309.1 315.2 316.7 312.1 320.6 311.2 319.4 63

 64 FA266400201 + Curr. taxes and trans. payments from rest of world 162.3 150.2 147.2 142.5 144.4 139.2 145.1 141.2 147.1 64

 65 FA266000005 = Balance on current account, NIPAs -391.5 -467.8 -502.8 -613.4 -423.4 -566.2 -700.3 -763.9 -844.3 65

(1) Table F.5, line 67.

(2) Line 1 minus line 5 minus line 9. Also equal to line 65 with the sign reversed minus line 9.

(3) U.S. net sales, sign reversed.

(4) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues.

(5) Direct investment reported at market value. Excludes capital gains and losses.

(6) Includes American Depositary Receipts (ADRs).

(7) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
Transactions

50 Z.1, June 10, 2021

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893111005 Net change in liabilities -1.7 5.0 4.7 9.0 -1.0 19.8 7.3 9.8 -10.1 1

 2 FA313111303 Federal government: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA263111005 Rest of the world -1.7 5.0 4.7 9.0 -1.0 19.8 7.3 9.8 -10.1 3

 4 FA313011303 SDR holdings 0.1 0.2 0.2 0.1 0.2 0.1 0.0 0.0 -0.1 4

 5 FA263111403 Reserve position in IMF -1.8 4.8 4.3 8.8 -1.3 19.6 7.1 9.8 -10.0 5

 6 FA263111503 Other reserves 0.0 0.0 0.2 0.1 0.1 0.2 0.1 -0.1 -0.1 6

 7 FA893011005 Net change in assets -1.7 5.0 4.7 9.0 -1.0 19.8 7.3 9.8 -10.1 7

 8 FA313011005 Federal government -1.7 5.0 4.6 8.9 -1.0 19.8 7.2 9.8 -10.1 8

 9 FA313011205 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA313011303 SDR holdings 0.1 0.2 0.2 0.1 0.2 0.1 0.0 0.0 -0.1 10

 11 FA313011405 Reserve position in IMF -1.8 4.8 4.3 8.8 -1.3 19.6 7.1 9.8 -10.0 11

 12 FA313011505 Other reserves 0.0 0.0 0.1 0.0 0.1 0.1 0.1 -0.0 -0.0 12

 13 FA263011005 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA263011205 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA713011005 Monetary authority 0.0 0.0 0.1 0.0 0.1 0.1 0.1 -0.0 -0.0 16

 17 FA713011203 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA713011405 Reserve position in IMF 0.0 0.0 0.0 -0.0 -0.0 0.0 -0.0 0.0 -0.0 18

 19 FA713011505 Other reserves 0.0 0.0 0.1 0.0 0.1 0.1 0.1 -0.0 -0.0 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

F.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 SDR certificates:

 1 FA713014003 Liab: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 FA713014003 Asset: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 Treasury currency:

 3 FA313112003 Liab: Federal government -0.3 -0.3 -0.5 -0.0 0.0 0.0 -0.2 0.0 0.0 3

 4 FA713012003 Asset: Monetary authority 0.8 0.4 0.3 0.4 0.4 0.3 0.5 0.3 0.3 4

 5 FA903012005 Discrepancy (seigniorage) -1.1 -0.6 -0.8 -0.4 -0.4 -0.3 -0.6 -0.3 -0.3 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA263191005 Total rest of the world liability 259.8 66.3 62.2 82.0 725.3 -474.8 246.5 -169.0 -26.1 1

 Held by:

 2 FA153091003 Household sector 12.9 2.9 -1.0 5.6 37.8 -25.7 15.8 -5.6 4.5 2

 3 FA103091003 Nonfinancial corporate business 119.0 -110.3 24.7 9.4 -78.6 131.7 57.0 -72.5 -5.7 3

 4 FA633091003 Money market funds 1.9 -2.2 5.8 -6.7 -14.5 -6.6 -4.9 -0.7 3.9 4

 5 FA903091005 Discrepancy--unallocated assets 126.1 175.9 32.7 73.7 780.6 -574.2 178.6 -90.2 -28.9 5
Transactions

Z.1, June 10, 2021 51

F.203 Net Interbank Transactions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA794110005 Net change in liabilities 297.5 -354.0 -98.5 1545.8 5773.0 194.0 -424.7 640.7 2623.9 1

 2 FA714110005 Monetary authority 196.0 -388.2 -5.7 1461.9 3796.0 1219.5 -173.5 1005.5 2735.5 2

 3 FA764110005 U.S.-chartered depository institutions -17.0 -31.1 -13.8 1.1 489.0 -100.7 -24.6 -359.3 -223.1 3

 4 FA754110005 Foreign banking offices in U.S. 114.3 61.5 -78.0 78.7 1421.4 -900.0 -199.8 -7.0 -3.2 4

 5 FA744110005 Banks in U.S.-affiliated areas 0.1 -0.3 -0.3 0.3 -1.4 -0.1 1.8 0.7 0.1 5

 6 FA474110005 Credit unions 4.1 4.0 -0.6 3.8 67.9 -24.6 -28.6 0.7 114.5 6

 7 FA894010005 Net change in assets 299.9 -339.2 -88.9 1535.8 5501.5 503.7 -506.7 644.7 2263.9 7

 8 FA714010005 Monetary authority -0.0 0.1 0.1 44.6 306.3 27.0 -69.7 -85.2 -14.8 8

 9 FA763020005 U.S.-chartered depository institutions 48.5 -268.6 20.3 1298.2 2370.7 1930.9 -194.6 1085.7 1675.5 9

 10 FA753020005 Foreign banking offices in U.S. 142.3 -111.4 -44.5 48.3 1278.9 -916.8 19.8 -188.5 834.3 10

 11 FA743013003 Banks in U.S.-affiliated areas 3.1 -1.7 -1.7 10.3 14.5 21.4 10.5 -5.2 -0.7 11

 12 FA473013005 Credit unions 2.1 -6.4 20.1 105.0 131.9 184.0 -9.2 113.5 226.4 12

 13 FA264016005 Rest of the world 104.0 48.9 -83.3 29.3 1399.2 -742.8 -263.5 -275.6 -456.9 13

 14 FA904010005 Discrepancy -2.5 -14.8 -9.6 10.0 271.5 -309.7 82.1 -4.0 360.0 14

 Memo:

 Vault cash:

 15 FA703025005 Liab.: Monetary authority 1.2 4.9 1.4 15.8 94.2 -31.5 1.7 -1.3 24.4 15

 16 FA763025000 Asset: U.S.-chartered depository institutions 1.2 4.9 1.4 15.8 94.2 -31.5 1.7 -1.3 24.4 16

 17 FA753025003 Foreign banking offices in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 17

 Depository institution reserves:

 18 FA713113003 Liab.: Monetary authority 194.8 -393.1 -7.1 1446.1 3701.7 1251.0 -175.2 1006.7 2711.1 18

 19 FA763013005 Asset: U.S.-chartered depository institutions 47.3 -273.5 18.9 1282.4 2276.5 1962.5 -196.3 1087.0 1651.1 19

 20 FA753013003 Foreign banking offices in U.S. 142.3 -111.4 -44.5 48.3 1278.9 -916.8 19.8 -188.5 834.3 20

 21 FA743013003 Banks in U.S.-affiliated areas 3.1 -1.7 -1.7 10.3 14.5 21.4 10.5 -5.2 -0.7 21

 22 FA473013005 Credit unions 2.1 -6.4 20.1 105.0 131.9 184.0 -9.2 113.5 226.4 22

 Other transactions with the monetary authority

 23 FA714010075 Liab: U.S.-chartered depository institutions -0.0 0.1 0.1 44.2 306.3 25.0 -69.7 -84.7 -14.1 23

 24 FA713068743 Credit unions 0.0 0.0 0.0 0.4 0.0 2.0 0.0 -0.4 -0.7 24

 25 FA714010005 Asset: Monetary authority -0.0 0.1 0.1 44.6 306.3 27.0 -69.7 -85.2 -14.8 25

 26 FA713022003 Federal Reserve float -0.1 0.2 0.1 0.1 -0.0 -0.3 -2.4 3.0 -1.9 26

 27 FA713068705 Loans to depository institutions 0.1 -0.1 -0.0 44.5 306.4 27.3 -67.3 -88.2 -12.8 27

 Transactions with banks in foreign countries (net):

 28 FA764116205 Liab.: U.S.-chartered depository institutions (net) -17.1 -18.2 -18.3 -55.7 7.9 128.4 -120.7 -238.5 -436.5 28

 29 FA763192605 Due to foreign affiliates 37.3 -37.8 22.7 41.5 175.3 31.9 -0.2 -41.0 -147.6 29

 30 FA763092605 - Due from foreign affiliates 54.4 -19.5 41.0 97.2 167.5 -96.5 120.4 197.5 288.9 30

 31 FA754116205 Foreign banking offices in U.S. (net) 123.4 67.0 -74.5 59.6 1395.4 -946.9 -189.9 -20.1 -1.3 31

 32 FA753192605 Due to foreign affiliates 115.1 -34.6 0.0 40.5 1318.0 -796.4 -320.8 -39.0 70.9 32

 33 FA753092605 - Due from foreign affiliates -8.2 -101.6 74.5 -19.2 -77.4 150.6 -130.9 -18.9 72.2 33

 34 FA264116205 Less: Deposits at foreign banks 0.5 2.3 -3.5 6.8 8.8 -7.7 12.7 13.4 29.6 34

 35 FA764016205 U.S.-chartered depository institutions 2.1 3.4 -2.6 7.8 15.2 2.8 3.4 9.8 17.6 35

 36 FA754016205 Foreign banking offices in U.S. -1.6 -1.1 -0.8 -1.0 -6.4 -10.5 9.3 3.7 12.0 36

 37 FA264135125 Loans to foreign banks 1.0 -3.1 -2.3 -25.1 -4.1 -49.3 -40.7 -6.5 -7.4 37

 38 FA764035125 U.S.-chartered depository institutions -2.9 0.1 -0.0 -11.3 4.0 -23.5 -25.5 -0.2 1.1 38

 39 FA754035125 Foreign banking offices in U.S. 3.9 -3.2 -2.3 -13.8 -8.1 -25.8 -15.2 -6.3 -8.5 39

 40 FA264035125 Plus: Loans from foreign banks -0.9 -0.8 3.8 7.1 0.7 18.8 19.1 -10.1 3.1 40

 41 FA274135123 U.S.-chartered depository institutions 0.8 -0.2 2.6 5.6 -1.2 15.2 12.3 -4.2 1.4 41

 42 FA284135125 Foreign banking offices in U.S. -1.7 -0.6 1.2 1.6 1.8 3.6 6.8 -6.0 1.7 42

 43 FA264016005 Asset: Rest of the world (1) 104.0 48.9 -83.3 29.3 1399.2 -742.8 -263.5 -275.6 -456.9 43

 Transactions between U.S. depository institutions (net):

 44 FA764112005 U.S.-chartered depository institutions (net) -1.6 -9.2 -0.9 3.6 195.2 -290.0 131.5 -22.3 244.7 44

 45 FA764112205 Due to (3): -4.6 -20.7 -9.0 3.4 209.7 -293.0 113.4 -16.3 262.0 45

 46 FA754012205 Foreign banking offices in U.S. 2.1 -2.2 -0.4 -2.8 4.8 -10.1 4.6 -10.5 17.4 46

 47 FA743020005 Banks in U.S.-affiliated areas -0.1 0.3 0.3 -0.3 1.4 0.1 -1.8 -0.7 -0.1 47

 48 FA474012205 Credit unions -4.1 -4.0 0.6 -3.4 -67.9 26.6 28.6 -1.1 -115.2 48

 49 FA754112205 - Due from: Foreign banking offices in U.S. -3.0 -11.5 -8.2 -0.2 14.4 -3.0 -18.1 6.0 17.3 49

 50 FA904010005 Unallocated (2) -2.5 -14.8 -9.6 10.0 271.5 -309.7 82.1 -4.0 360.0 50

(1) Sum of lines 28 and 31 less line 34 and line 37 plus line 40.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 13 above. However, the unallocated amount (line 50), which is due to inconsistencies

 in source data, appears on line 14 as the discrepancy between liabilities and assets.

(3) Sum of lines 46, 47, 48, and 50.
Transactions

52 Z.1, June 10, 2021

F.204 Checkable Deposits and Currency

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA793120005 Net change in liabilities 145.4 315.4 271.8 2859.1 3798.3 6025.3 769.7 843.1 -266.0 1

 2 FA713120005 Monetary authority -38.3 259.5 89.6 1738.4 1659.6 4914.8 333.1 46.2 -1615.3 2

 3 FA713123005 Federal government cash and deposits -170.2 173.2 1.7 1324.6 559.5 4937.5 65.7 -264.3 -2353.3 3

 4 FA713124005 Due to government-sponsored enterprises -13.8 -6.8 2.1 38.5 430.0 -312.2 -65.8 102.0 332.2 4

 5 FA713129005 Due to other financial business 38.3 -3.3 -1.1 93.0 396.8 -107.1 48.9 33.4 126.2 5

 6 FA713122605 Deposits due to foreign 0.1 -0.0 -0.1 16.7 48.9 -4.7 10.8 11.7 45.5 6

 7 FA713125005 Currency outside banks 107.4 96.4 87.0 265.7 224.5 401.3 273.5 163.4 234.1 7

 8 FA763127005 U.S.-chartered depository institutions 135.7 38.3 137.8 967.3 1851.8 920.7 356.3 740.4 953.4 8

 9 FA763123005 Federal government deposits -0.3 -0.1 -0.1 1.1 -0.2 0.9 2.0 1.5 -1.4 9

 10 FA763128000 State and local government deposits -2.5 -7.6 6.2 40.8 15.6 72.6 36.2 38.9 79.6 10

 11 FA763122605 Deposits due to foreign 2.1 15.0 4.7 -17.8 48.4 -82.4 -30.1 -7.2 -13.3 11

 12 FA763129205 Private domestic deposits 136.4 31.1 127.0 943.3 1787.9 929.6 348.3 707.2 888.5 12

 13 FA753127005 Foreign banking offices in U.S. 32.3 -7.2 21.2 57.4 208.3 20.8 38.8 -38.4 201.8 13

 14 FA753122603 Deposits due to foreign 9.6 -0.7 3.1 35.3 89.9 23.4 4.9 22.9 27.3 14

 15 FA753129205 Private domestic deposits 22.7 -6.5 18.1 22.1 118.4 -2.6 33.9 -61.3 174.5 15

 16 FA743127003 Banks in U.S.-affiliated areas 0.3 3.5 4.8 11.0 3.3 31.4 8.3 1.1 18.4 16

 17 FA473127003 Credit unions 15.3 21.3 18.4 85.0 75.2 137.6 33.3 93.8 175.8 17

 18 FA793120005 Net change in assets 145.4 315.4 271.8 2859.1 3798.3 6025.3 769.7 843.1 -266.0 18

 19 FA153020005 Household sector 177.4 -86.3 -38.9 342.6 340.2 -372.2 757.5 644.9 1665.6 19

 20 FA143020005 Nonfinancial business 10.6 249.5 170.7 776.8 1367.7 1901.7 128.2 -290.4 62.5 20

 21 FA103020000 Corporate -16.2 238.0 150.2 672.7 1136.0 1708.0 135.8 -288.8 -176.2 21

 22 FA113020005 Noncorporate 26.8 11.5 20.5 104.1 231.7 193.7 -7.7 -1.5 238.7 22

 23 FA313020005 Federal government -170.2 173.5 1.0 1326.3 642.6 4840.1 164.0 -341.5 -2274.5 23

 24 FA213020005 State and local governments -2.5 -7.6 6.2 40.8 15.6 72.6 36.2 38.9 79.6 24

 25 FA793020005 Domestic financial sectors 48.5 -92.6 73.8 217.6 1224.9 -570.4 -352.6 568.6 180.8 25

 26 FA513020005 Property-casualty insurance companies 4.3 -1.7 17.4 2.6 -13.8 41.3 -32.9 15.5 29.3 26

 27 FA543020005 Life insurance companies 17.6 -0.4 4.0 33.0 195.6 19.7 -65.9 -17.6 -25.6 27

 28 FA573020005 Private pension funds 4.7 -5.0 0.2 0.0 0.9 -0.3 -0.2 -0.3 -0.1 28

 29 FA343020033 Federal government retirement funds 0.1 -0.2 -0.1 0.2 0.2 0.2 0.2 0.2 0.2 29

 30 FA223020043 State and local govt. retirement funds -10.4 -1.7 4.7 5.7 -3.6 -6.0 1.4 31.0 4.1 30

 31 FA633020000 Money market funds -7.5 -65.8 44.9 -9.0 -104.8 -137.2 -169.7 375.8 -187.3 31

 32 FA403020005 Government-sponsored enterprises 0.7 -12.6 -2.2 57.8 429.4 -283.7 -53.7 139.3 245.7 32

 33 FA613020003 Finance companies -2.1 -4.3 -2.0 4.2 16.9 17.1 -14.9 -2.4 -1.2 33

 34 FA643020005 REITs 3.1 -4.8 8.9 17.0 160.2 -22.2 -45.8 -24.2 -4.2 34

 35 FA663020003 Brokers and dealers -0.2 7.3 -1.0 13.2 147.0 -92.1 -20.1 18.0 -6.3 35

 36 FA713129005 Other financial business 38.3 -3.3 -1.1 93.0 396.8 -107.1 48.9 33.4 126.2 36

 37 FA263020005 Rest of the world 81.6 79.5 59.0 155.4 291.2 53.9 133.0 143.6 99.9 37

 38 FA263027003 Checkable deposits 11.9 14.2 7.7 34.1 187.2 -63.7 -14.4 27.4 59.5 38

 39 FA263025003 Currency 69.7 65.3 51.3 121.3 104.1 117.6 147.4 116.2 40.4 39

 40 FA903020005 Mail float -0.1 -0.6 -0.0 -0.5 -83.9 99.6 -96.5 78.8 -80.0 40
Transactions

Z.1, June 10, 2021 53

F.205 Time and Savings Deposits

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA703130005 Net change in liabilities 338.4 530.0 683.5 2209.8 2321.3 4966.4 254.6 1296.8 1941.5 1

 2 FA763130005 U.S.-chartered depository institutions 265.9 491.9 510.9 2070.4 2470.9 4357.4 225.8 1227.3 1611.3 2

 3 FA753130005 Foreign banking offices in U.S. 25.9 -2.0 89.0 -50.8 -198.1 232.7 -134.7 -103.0 140.2 3

 4 FA743130003 Banks in U.S.-affiliated areas -4.6 0.4 1.4 3.1 6.7 4.8 2.8 -2.1 13.3 4

 5 FA473130005 Credit unions 51.3 39.8 82.2 187.1 41.7 371.5 160.6 174.6 176.6 5

 6 FA703130005 Net change in assets 338.4 530.0 683.5 2209.8 2321.3 4966.4 254.6 1296.8 1941.5 6

 7 FA153030005 Household sector 191.0 428.2 530.6 1978.3 1245.4 4752.7 477.6 1437.3 1415.1 7

 8 FA143030005 Nonfinancial business 83.4 53.6 72.9 209.3 688.5 302.6 -22.8 -131.2 240.5 8

 9 FA103030003 Corporate -7.7 5.8 14.3 86.9 389.7 71.9 -8.2 -106.0 -44.8 9

 10 FA113030003 Noncorporate 91.1 47.8 58.6 122.5 298.8 230.7 -14.5 -25.1 285.3 10

 11 FA313030003 Federal government 0.4 0.1 0.3 -1.3 -1.6 0.6 -1.7 -2.7 35.5 11

 12 FA213030000 State and local governments 14.1 7.9 19.8 40.4 54.6 58.2 32.3 16.6 -1.0 12

 13 FA793030005 Domestic financial sectors 32.6 3.6 62.2 -113.8 -80.8 -79.8 -185.9 -108.7 125.8 13

 14 FA573030005 Private pension funds 3.6 -5.0 -0.3 -0.8 0.5 -1.4 -1.1 -1.3 -0.7 14

 15 FA223030043 State and local govt. retirement funds -0.4 -0.4 4.5 -2.1 -0.9 -5.8 -1.3 -0.2 -1.5 15

 16 FA633030000 Money market funds 36.7 11.7 68.2 -118.3 -128.1 -115.4 -121.0 -108.6 144.5 16

 17 FA403030005 Government-sponsored enterprises 1.7 12.7 -4.4 -7.0 0.7 -11.0 -19.0 1.3 -6.4 17

 18 FA613030003 Finance companies -6.4 -13.0 -6.0 12.5 50.8 51.2 -44.8 -7.2 -3.6 18

 19 FA733030003 Holding companies -2.5 -2.4 0.1 1.9 -3.8 2.6 1.3 7.3 -6.6 19

 20 FA263030005 Rest of the world 16.9 36.7 -2.2 96.9 415.1 -67.9 -44.9 85.4 125.7 20

F.206 Money Market Fund Shares

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA634090005 Net issues 117.2 189.9 596.0 701.3 3093.7 1300.9 -1054.3 -535.2 924.6 1

 2 FA634090005 Net purchases 117.2 189.9 596.0 701.3 3093.7 1300.9 -1054.3 -535.2 924.6 2

 3 FA153034005 Household sector 59.4 181.1 420.4 375.8 965.8 1131.6 -183.9 -410.5 914.5 3

 4 FA103034000 Nonfinancial corporate business 35.6 -33.4 92.2 119.6 1499.0 -179.0 -757.7 -84.2 -145.3 4

 5 FA113034003 Nonfinancial noncorporate business 9.1 4.8 5.8 8.7 13.9 17.7 5.5 -2.6 -19.8 5

 6 FA213034003 State and local governments 0.3 -2.1 6.8 7.9 23.3 11.9 -4.0 0.5 5.2 6

 7 FA513034005 Property-casualty insurance companies 4.0 2.7 2.5 9.9 -0.3 32.5 -10.8 18.3 15.4 7

 8 FA543034005 Life insurance companies 3.6 6.7 3.6 7.9 119.2 -15.0 -46.7 -25.9 -15.8 8

 9 FA573034005 Private pension funds 0.6 -0.4 1.5 1.8 11.1 0.2 0.3 -4.4 -1.7 9

 10 FA223034005 State and local govt. retirement funds -3.0 -2.4 -0.9 2.6 36.3 -8.0 -1.4 -16.4 1.5 10

 11 FA503034005 Other financial business 7.4 15.6 49.7 165.1 403.6 287.2 -29.2 -1.4 151.4 11

 12 FA263034003 Rest of the world 0.1 17.3 14.4 2.0 21.6 21.6 -26.5 -8.7 19.2 12
Transactions

54 Z.1, June 10, 2021

F.207 Federal Funds and Security Repurchase Agreements (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA892150005 Net change in liabilities 27.0 131.8 333.9 -197.5 1465.5 -2773.3 20.5 497.3 -595.1 1

 2 FA712151003 Monetary authority -161.3 -259.9 32.6 -120.6 929.7 -1344.5 -110.9 43.3 544.5 2

 3 FA762150005 U.S.-chartered depository institutions 7.9 -27.3 23.9 3.9 96.4 -2.5 -45.8 -32.6 66.3 3

 4 FA762152005 Federal funds (2) 13.2 -5.8 -1.7 -17.1 41.6 -58.4 -55.8 4.1 -6.6 4

 5 FA762151005 Security repurchase agreements -5.3 -21.5 25.6 21.0 54.8 55.9 9.9 -36.6 72.9 5

 6 FA752150005 Foreign banking offices in U.S. 79.2 -48.9 46.4 -5.1 251.1 -403.2 171.2 -39.4 120.6 6

 7 FA752152005 Federal funds (2) -5.8 -10.0 1.3 -6.9 25.9 -15.0 -15.3 -23.1 48.1 7

 8 FA752151005 Security repurchase agreements 85.0 -38.9 45.1 1.8 225.2 -388.1 186.5 -16.3 72.5 8

 9 FA472150053 Credit unions -0.0 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.0 0.0 9

 10 FA512151003 Property-casualty insurance companies -0.0 -0.2 -0.0 0.1 0.2 0.3 0.1 -0.3 0.0 10

 11 FA542151073 Life insurance companies -0.3 2.7 -6.5 1.1 31.5 -16.1 16.5 -27.7 -13.3 11

 12 FA402150005 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 12

 13 FA642151073 REITs 54.9 43.3 71.8 -157.9 -478.3 -120.0 -38.4 5.1 -13.3 13

 14 FA662151003 Brokers and dealers 79.4 305.9 56.6 19.3 243.8 -542.1 131.2 244.1 -802.4 14

 15 FA732151003 Holding companies -0.0 -0.0 -0.0 -0.0 -0.0 0.0 0.1 -0.1 0.4 15

 16 FA262151003 Rest of the world -32.8 116.4 109.1 61.8 391.0 -345.2 -103.5 304.8 -498.3 16

 17 FA892050005 Net change in assets 248.7 380.0 591.7 -254.2 2006.5 -3421.4 -111.7 509.7 -823.2 17

 18 FA102051003 Nonfinancial corporate business -50.7 -25.0 -1.2 22.4 56.0 20.1 -8.5 22.1 -48.4 18

 19 FA212051003 State and local governments 8.9 1.1 -1.3 19.3 -8.7 51.5 18.5 15.9 25.0 19

 20 FA712051000 Monetary authority 0.0 0.0 255.6 -255.6 28.4 -819.1 -231.8 0.0 0.0 20

 21 FA762050005 U.S.-chartered depository institutions 4.0 160.3 -24.3 179.8 -108.9 916.1 -248.7 160.8 -975.6 21

 22 FA762052005 Federal funds (2) 3.2 -4.1 3.9 1.3 -11.4 42.8 -48.5 22.3 8.8 22

 23 FA762051005 Security repurchase agreements 0.8 164.5 -28.2 178.5 -97.5 873.3 -200.2 138.6 -984.3 23

 24 FA752050005 Foreign banking offices in U.S. 75.1 50.9 60.0 -55.4 -207.4 -99.9 135.8 -49.9 -63.8 24

 25 FA752052005 Federal funds (2) 0.3 0.3 -0.9 0.0 1.2 2.0 0.6 -3.6 2.6 25

 26 FA752051005 Security repurchase agreements 74.8 50.6 60.9 -55.4 -208.5 -101.9 135.2 -46.3 -66.4 26

 27 FA472050053 Credit unions 0.1 0.0 0.6 -0.3 -0.1 -0.1 0.2 -1.1 -0.2 27

 28 FA472052053 Federal funds 0.0 0.1 0.1 -0.1 0.2 -0.7 0.2 -0.3 -0.0 28

 29 FA472051053 Security repurchase agreements 0.1 -0.1 0.5 -0.1 -0.3 0.6 -0.0 -0.8 -0.2 29

 30 FA512051005 Property-casualty insurance companies 0.0 -0.0 0.6 0.2 1.5 2.5 0.5 -3.6 0.3 30

 31 FA542051075 Life insurance companies -0.4 0.2 4.1 1.9 12.9 -4.3 8.5 -9.6 -4.6 31

 32 FA572051005 Private pension funds 0.4 -0.5 -0.0 -0.1 0.0 -0.1 -0.1 -0.1 -0.1 32

 33 FA222051043 State and local govt. retirement funds -0.2 -0.2 3.4 0.9 -1.9 -9.7 -5.8 21.1 0.6 33

 34 FA632051000 Money market funds 154.8 63.0 155.7 -168.8 1537.2 -2551.4 363.9 -25.1 557.9 34

 35 FA652051003 Mutual funds 14.0 -16.4 21.2 5.4 17.9 -12.8 -29.8 46.2 28.9 35

 36 FA402050005 Government-sponsored enterprises 10.6 -25.0 24.6 17.3 -165.0 284.4 -72.4 22.3 -262.8 36

 37 FA402052033 Of which: FHLB federal funds (3) 16.9 -11.3 -2.9 -19.8 92.0 -82.8 -36.5 -52.1 91.0 37

 38 FA662051003 Brokers and dealers -3.7 206.2 80.8 -73.8 348.1 -803.2 -12.6 172.3 -336.3 38

 39 FA732051003 Holding companies 4.9 -4.0 0.4 39.8 -0.0 80.5 59.7 19.0 -48.6 39

 40 FA502051003 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 FA262051005 Rest of the world 31.0 -30.8 11.6 12.8 496.4 -475.9 -89.0 119.6 304.4 41

 42 FA902050005 Discrepancy -221.7 -248.1 -257.8 56.7 -541.0 648.1 132.2 -12.5 228.1 42

 Memo:

 Federal Reserve’s reverse repurchase agreement operations:

 43 FA712151103 Liability: Monetary authority (4) -148.8 -277.7 22.2 -54.4 883.3 -1135.8 -0.4 35.2 498.6 43

 44 FA632051103 Asset: Money market funds (5) -115.3 -248.5 7.2 -37.2 952.0 -1135.8 -0.4 35.2 462.6 44

 45 FA792051115 Other financial institutions (6) -33.5 -29.3 15.0 -17.2 -68.8 -0.0 0.0 0.0 36.0 45

(1) Detailed data on federal funds and security repurchase agreements are available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S.,

 1997:Q1 for credit unions, and 2000:Q1 for FHLB.

(2) Excludes term federal funds.

(3) Includes term federal funds.

(4) Included in line 2.

(5) Included in line 34.

(6) Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
Transactions

Z.1, June 10, 2021 55

F.208 Debt Securities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 By instrument

 1 FA894122005 Net issues 1496.7 1994.9 2052.0 6328.4 4478.2 13642.1 3030.3 4163.1 3609.5 1

 2 FA893169175 Open market paper 81.1 30.0 49.3 -58.4 -127.9 -362.6 -9.1 266.2 103.2 2

 3 FA313161105 Treasury securities 447.0 1411.2 1176.6 4582.2 2168.3 11598.7 2048.9 2512.7 1544.4 3

 4 FA893161705 Agency- and GSE-backed securities 346.5 245.4 316.9 657.2 1505.5 -222.5 532.8 812.9 698.1 4

 5 FA383162005 Municipal securities 14.4 -57.7 20.2 83.7 29.5 95.1 182.2 27.8 123.1 5

 6 FA893163005 Corporate and foreign bonds 607.6 365.9 489.1 1063.7 902.7 2533.4 275.5 543.4 1140.7 6

 By sector

 7 FA894122005 Net issues 1496.7 1994.9 2052.0 6328.4 4478.2 13642.1 3030.3 4163.1 3609.5 7

 8 FA384122005 Domestic nonfinancial sectors 772.6 1490.2 1450.7 5343.5 2935.6 13172.8 2502.1 2763.6 1917.9 8

 9 FA163162003 Nonprofit organizations (2) 1.4 -2.5 -3.3 -9.7 -11.7 -8.9 -5.4 -12.9 0.1 9

 10 FA104122005 Nonfinancial corporate business 324.5 133.9 269.7 683.9 752.7 1477.1 290.6 215.3 254.0 10

 11 FA314122005 Federal government 447.0 1409.8 1174.9 4581.2 2168.2 11598.1 2045.4 2512.9 1542.8 11

 12 FA213162005 State and local governments -0.3 -50.9 9.4 88.2 26.4 106.6 171.5 48.2 121.0 12

 13 FA794122005 Domestic financial sectors 339.9 359.3 442.6 923.7 2283.7 112.3 320.3 978.6 818.0 13

 14 FA764122005 U.S.-chartered depository institutions -54.3 24.2 -37.8 58.8 93.0 37.2 36.8 68.1 45.0 14

 15 FA753169175 Foreign banking offices in U.S. -11.1 2.7 -2.3 -3.1 50.5 -31.2 -28.6 -2.8 18.1 15

 16 FA403161705 Government-sponsored enterprises 153.1 81.1 204.9 635.9 1388.3 -177.4 505.6 827.2 665.9 16

 17 FA413065005 Agency- and GSE-backed mortgage pools 193.5 165.8 113.8 22.3 117.3 -44.4 30.7 -14.5 33.7 17

 18 FA674122005 ABS issuers -45.8 14.3 69.6 48.1 239.2 -47.8 -0.5 1.6 13.0 18

 19 FA614122005 Finance companies -51.2 44.1 -43.8 -20.2 100.8 -46.9 -119.3 -15.3 -35.5 19

 20 FA644122005 REITs 21.6 31.0 69.3 41.2 -37.8 145.7 33.7 23.1 29.2 20

 21 FA663163003 Brokers and dealers 56.5 -1.7 -10.0 9.9 331.7 -308.7 -57.2 73.8 49.8 21

 22 FA734122005 Holding companies 94.4 -46.9 40.9 131.7 370.0 274.8 -151.5 33.6 -157.8 22

 23 FA504122005 Other financial business -16.9 44.7 38.0 -1.0 -369.3 311.1 70.5 -16.2 156.7 23

 24 FA264122005 Rest of the world 384.2 145.3 158.8 61.2 -741.2 357.1 207.9 420.9 873.6 24

 25 FA894122005 Net purchases 1496.7 1994.9 2052.0 6328.4 4478.2 13642.1 3030.3 4163.1 3609.5 25

 26 FA384022005 Domestic nonfinancial sectors -23.5 869.8 464.6 -43.6 137.2 -179.8 -738.4 606.5 -1790.6 26

 27 FA154022005 Household sector -115.3 839.8 346.1 -321.7 -119.0 -784.6 -773.0 390.0 -1863.1 27

 28 FA104022005 Nonfinancial corporate business 28.8 19.1 69.3 58.0 189.5 68.5 -21.7 -4.5 -115.4 28

 29 FA114022005 Nonfinancial noncorporate business 6.9 1.9 1.0 2.7 -14.2 14.9 6.5 3.7 1.1 29

 30 FA314022005 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 FA214022005 State and local governments 56.1 8.9 48.2 217.3 80.9 521.4 49.8 217.3 186.9 31

 32 FA794022005 Domestic financial sectors 868.2 982.5 1143.1 6355.2 5456.4 12792.4 3765.3 3406.6 4643.7 32

 33 FA714022005 Monetary authority -10.9 -379.5 -137.5 3217.0 4281.5 6046.3 1304.3 1235.7 1610.4 33

 34 FA764022005 U.S.-chartered depository institutions 110.5 76.4 242.8 1003.7 580.0 1181.2 1173.4 1080.0 1827.9 34

 35 FA754022005 Foreign banking offices in U.S. 27.3 26.4 -30.1 -12.6 104.5 -74.6 -55.0 -25.4 -12.3 35

 36 FA744022003 Banks in U.S.-affiliated areas 1.6 5.1 13.2 6.1 -3.5 16.1 3.0 9.0 16.9 36

 37 FA474022005 Credit unions -5.7 -9.1 11.1 88.8 11.5 133.9 115.2 94.7 277.5 37

 38 FA514022005 Property-casualty insurance companies 33.0 43.7 29.7 53.1 67.9 65.6 106.5 -27.6 94.1 38

 39 FA544022005 Life insurance companies 80.7 90.3 122.1 184.3 290.7 56.6 304.5 85.6 73.8 39

 40 FA574022005 Private pension funds 145.7 82.3 88.9 169.5 134.2 161.7 160.7 221.4 83.4 40

 41 FA344022005 Federal government retirement funds -83.3 309.2 113.5 147.7 183.2 199.5 119.0 89.1 151.4 41

 42 FA224022045 State and local govt. retirement funds 52.5 56.9 -143.9 25.3 -21.3 -34.0 104.0 52.4 -32.0 42

 43 FA634022005 Money market funds -68.1 181.7 319.0 1004.0 1680.6 3876.3 -1046.6 -494.0 336.6 43

 44 FA654022005 Mutual funds 382.0 185.0 356.5 339.7 -1048.2 436.5 1228.2 742.3 698.5 44

 45 FA554022005 Closed-end funds 1.2 2.3 3.2 0.8 3.6 -0.7 -0.2 0.7 1.5 45

 46 FA564022005 Exchange-traded funds 122.0 99.0 148.3 202.9 43.2 340.9 225.4 201.9 172.6 46

 47 FA404022005 Government-sponsored enterprises -39.0 4.0 52.8 46.7 -8.1 251.2 57.9 -114.3 -113.0 47

 48 FA674022005 ABS issuers -8.2 8.1 12.6 -2.7 -4.0 -5.8 -4.1 3.1 -7.0 48

 49 FA613063003 Finance companies -10.6 -4.5 -0.5 9.7 7.4 16.4 5.9 9.2 5.9 49

 50 FA644022005 REITs 55.2 30.8 46.9 -154.9 -596.4 -19.6 -16.8 13.1 -27.1 50

 51 FA664022005 Brokers and dealers 8.6 157.5 -71.6 -68.4 81.8 -29.8 -220.1 -105.6 -520.6 51

 52 FA734022605 Holding companies 14.4 31.5 29.0 -12.6 -53.9 10.3 -33.7 27.0 115.4 52

 53 FA504022005 Other financial business 59.2 -14.6 -62.9 107.1 -278.2 164.2 234.0 308.3 -110.3 53

 54 FA264022005 Rest of the world 652.0 142.6 444.3 16.9 -1115.4 1029.6 3.3 150.0 756.4 54

(1) Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.

(2) Liability of the households and nonprofit organizations sector (table F.101).
Transactions

56 Z.1, June 10, 2021

F.209 Open Market Paper

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893169175 Net issues 81.1 30.0 49.3 -58.4 -127.9 -362.6 -9.1 266.2 103.2 1

 2 FA893169105 Commercial paper 81.1 30.0 49.3 -58.4 -127.9 -362.6 -9.1 266.2 103.2 2

 3 FA103169100 Nonfinancial corporate business 25.9 -10.2 -1.9 -62.3 -21.3 -271.1 -70.5 113.6 -223.4 3

 4 FA263169105 Foreign issues in U.S. 91.9 6.3 84.4 11.0 -138.0 5.2 91.3 85.6 134.4 4

 5 FA263169110 Nonfinancial 0.5 6.4 6.3 -9.0 3.3 -16.6 -27.1 4.5 -22.6 5

 6 FA263169123 Financial 91.4 -0.1 78.2 20.0 -141.3 21.8 118.5 81.0 157.0 6

 7 FA793169100 Domestic financial sectors -36.8 33.9 -33.2 -7.0 31.4 -96.7 -29.9 67.0 192.3 7

 8 FA763169103 U.S.-chartered depository institutions -19.2 12.0 -19.1 29.6 46.5 18.0 20.2 33.9 25.4 8

 9 FA753169103 Foreign banking offices in U.S. -11.1 2.7 -2.3 -3.1 50.5 -31.2 -28.6 -2.8 18.1 9

 10 FA673169105 ABS issuers -15.4 15.9 -5.0 13.6 9.9 -0.8 26.5 18.6 -26.5 10

 11 FA613169100 Finance companies 0.7 -7.5 -1.1 -21.7 -2.4 -49.2 -22.4 -12.9 1.0 11

 12 FA643169173 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA733169103 Holding companies 2.2 1.5 -0.1 -0.7 -1.8 -2.1 -5.3 6.3 1.5 13

 14 FA503169105 Other financial business 6.0 9.3 -5.7 -24.7 -71.3 -31.3 -20.3 23.9 172.8 14

 15 FA703169605 Bankers’ acceptances (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA763169603 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA753169603 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA893169175 Net purchases 81.1 30.0 49.3 -58.4 -127.9 -362.6 -9.1 266.2 103.2 18

 19 FA103069100 Nonfinancial corporate business -8.8 38.4 55.4 43.5 61.3 -47.1 60.5 99.4 -75.5 19

 20 FA213069103 State and local governments 4.2 0.5 -0.6 9.2 -4.1 24.4 8.8 7.5 15.7 20

 21 FA713069603 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FA763069175 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 2.0 110.2 -63.2 -31.4 -7.6 -7.5 22

 23 FA753069603 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FA473069153 Credit unions -0.0 0.2 0.5 -0.4 1.8 -1.9 -1.5 0.2 -0.7 24

 25 FA513069105 Property-casualty insurance companies -8.9 -2.2 0.5 -0.8 5.6 9.4 -0.6 -17.5 1.3 25

 26 FA543069105 Life insurance companies -8.6 -4.9 -4.4 5.2 36.6 -16.1 21.3 -20.9 -13.8 26

 27 FA573069105 Private pension funds 3.8 -5.3 -0.2 -0.8 0.7 -1.5 -1.1 -1.4 -0.7 27

 28 FA223069143 State and local govt. retirement funds -2.2 -1.9 -6.5 -4.4 12.4 -19.1 0.4 -11.3 -3.2 28

 29 FA633069175 Money market funds 42.9 41.1 43.5 -63.8 -52.2 -42.8 -180.1 20.1 45.0 29

 30 FA653069100 Mutual funds 14.0 -16.4 21.2 5.4 8.6 -9.0 -19.7 41.5 21.5 30

 31 FA403069105 Government-sponsored enterprises 0.5 0.5 0.3 0.2 4.2 -2.8 -5.2 4.4 -1.3 31

 32 FA663069103 Brokers and dealers -4.5 2.1 -2.9 -0.3 48.7 -30.8 -7.9 -11.3 4.0 32

 33 FA503069105 Other financial business 55.5 -12.7 -63.0 -7.2 -301.6 -231.6 234.1 270.2 100.6 33

 34 FA263069103 Rest of the world -6.8 -9.5 5.5 -46.1 -60.0 69.4 -86.5 -107.3 17.9 34

(1) Excludes banks’ holdings of own acceptances.
Transactions

Z.1, June 10, 2021 57

F.210 Treasury Securities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA313161105 Net issues 447.0 1411.2 1176.6 4582.2 2168.3 11598.7 2048.9 2512.7 1544.4 1

 2 FA313161205 Marketable Treasury securities 554.4 1131.6 1062.7 4317.3 1947.7 11004.8 1892.6 2423.9 1604.8 2

 3 FA313161110 Treasury bills 136.9 386.9 77.0 2546.6 962.7 9687.0 -202.8 -260.3 -1180.8 3

 4 FA313161275 Other Treasury notes, bonds, and TIPS 419.1 745.9 987.2 1772.2 985.0 1324.0 2095.4 2684.2 2785.7 4

 5 FA313161283 Held in the Civil Service Retirement Fund (2) -1.6 -1.1 -1.5 -1.5 0.0 -6.2 0.0 0.0 0.0 5

 6 FA313161305 Nonmarketable Treasury securities -107.3 279.6 113.9 264.9 220.6 593.9 156.3 88.8 -60.5 6

 7 FA313161400 U.S. savings securities -5.4 -4.7 -4.4 -4.3 -5.0 -1.3 -4.7 -6.3 -5.0 7

 8 FA213061120 State and local government series (SLGS) -17.3 -26.3 11.6 38.0 30.0 39.7 76.7 5.7 27.7 8

 9 FA343061123 Thrift Savings Plan G Fund -153.6 184.6 -2.6 42.0 66.7 42.9 35.8 22.5 1.0 9

 10 FA343061145 Federal govt. defined benefit pension plans 70.0 126.3 113.4 103.6 128.3 153.1 75.6 57.2 151.0 10

 11 FA503061303 Held by Federal Reserve credit facility LLCs 0.0 0.0 0.0 95.7 0.0 382.5 0.1 0.1 -212.4 11

 12 FA313161375 Other nonmarketable securities -1.1 -0.3 -4.0 -10.0 0.7 -23.1 -27.2 9.6 -22.7 12

 13 FA893061105 Net purchases 447.0 1411.2 1176.6 4582.2 2168.3 11598.7 2048.9 2512.7 1544.4 13

 14 FA153061105 Household sector -69.2 594.0 219.8 -26.8 -786.4 -214.3 282.0 611.4 -701.8 14

 15 FA313161400 U.S. savings securities (line 7) -5.4 -4.7 -4.4 -4.3 -5.0 -1.3 -4.7 -6.3 -5.0 15

 16 FA153061185 Other Treasury securities -63.8 598.7 224.2 -22.5 -781.3 -213.0 286.7 617.7 -696.8 16

 17 FA103061103 Nonfinancial corporate business 30.1 -15.6 6.7 9.8 93.1 85.9 -62.8 -77.2 -27.8 17

 18 FA113061003 Nonfinancial noncorporate business 6.1 2.2 0.9 2.4 -15.3 14.4 6.4 4.2 2.6 18

 19 FA213061105 State and local governments 17.7 -12.4 51.4 271.3 41.7 668.8 118.7 256.1 227.3 19

 20 FA213061120 SLGS (line 8) -17.3 -26.3 11.6 38.0 30.0 39.7 76.7 5.7 27.7 20

 21 FA213061103 Other Treasury securities 35.0 13.8 39.8 233.3 11.7 629.1 42.0 250.4 199.7 21

 22 FA713061103 Monetary authority -21.7 -243.3 99.1 2554.3 4077.9 4137.3 1000.5 1001.4 1017.8 22

 23 FA713061113 Treasury bills 0.0 0.0 168.5 157.5 625.5 2.8 1.2 0.5 0.2 23

 24 FA713061125 Other Treasury securities -21.7 -243.3 -69.3 2396.8 3452.4 4134.5 999.3 1000.9 1017.6 24

 25 FA763061100 U.S.-chartered depository institutions -43.2 87.3 125.6 327.5 10.2 816.7 372.1 111.2 335.4 25

 26 FA753061103 Foreign banking offices in U.S. 3.3 29.4 -9.9 -27.4 -58.7 6.3 -28.4 -28.5 -32.1 26

 27 FA743061103 Banks in U.S.-affiliated areas 1.9 5.3 5.9 -3.6 -13.2 12.2 -9.4 -4.2 9.2 27

 28 FA473061105 Credit unions 0.6 2.2 5.1 6.3 -7.7 15.0 6.3 11.8 31.4 28

 29 FA513061105 Property-casualty insurance companies 34.0 7.9 -7.0 0.9 3.1 23.6 19.9 -43.0 44.5 29

 30 FA513061115 Treasury bills 26.5 -12.6 -8.8 14.5 38.1 64.2 26.6 -70.9 7.5 30

 31 FA513061125 Other Treasury securities 7.6 20.5 1.8 -13.6 -35.0 -40.6 -6.7 27.9 37.0 31

 32 FA543061105 Life insurance companies -0.8 -28.8 -6.4 7.1 -5.9 6.6 28.0 -0.3 -10.9 32

 33 FA543061115 Treasury bills -0.4 -4.3 0.6 6.3 23.2 -3.1 19.0 -13.9 -8.3 33

 34 FA543061125 Other Treasury securities -0.4 -24.4 -7.0 0.8 -29.1 9.7 9.1 13.7 -2.6 34

 35 FA573061105 Private pension funds 46.9 26.2 32.9 67.8 66.5 70.8 62.2 71.9 41.4 35

 36 FA573061143 Defined benefit plans 34.9 14.3 11.2 30.1 -13.5 48.4 39.3 46.1 23.4 36

 37 FA573061133 Defined contribution plans 12.1 12.0 21.7 37.7 79.9 22.4 22.9 25.7 18.0 37

 38 FA343061105 Federal government retirement funds (3) -84.1 309.4 111.2 145.5 190.6 193.8 113.8 84.0 151.3 38

 39 FA343061165 Defined benefit plans 68.5 124.7 111.8 101.5 126.6 147.4 74.5 57.6 151.4 39

 40 FA343061155 Defined contribution plans -152.6 184.7 -0.6 44.0 64.0 46.4 39.2 26.4 -0.1 40

 41 FA223061143 State and local govt. retirement funds 70.9 52.8 -24.8 -4.9 -142.5 -109.8 92.5 140.2 -3.5 41

 42 FA633061105 Money market funds -94.7 170.6 163.0 1219.8 925.0 4327.9 -298.4 -75.2 424.6 42

 43 FA633061110 Treasury bills 46.6 129.5 31.1 1199.1 781.2 4223.8 -112.1 -96.6 110.0 43

 44 FA633061120 Other Treasury securities -141.3 41.1 131.9 20.7 143.8 104.1 -186.3 21.4 314.6 44

 45 FA653061105 Mutual funds 187.4 69.7 120.0 -46.5 -1062.7 406.0 222.9 247.9 163.1 45

 46 FA653061113 Treasury bills 27.5 7.1 -47.9 0.4 -22.2 19.4 -1.3 5.7 -18.9 46

 47 FA653061125 Other Treasury securities 159.9 62.7 167.9 -46.9 -1040.6 386.6 224.2 242.3 182.0 47

 48 FA553061103 Closed-end funds 0.1 -0.2 -0.5 -0.4 -3.0 0.8 0.5 0.3 0.6 48

 49 FA563061103 Exchange-traded funds 27.4 58.7 44.1 33.7 81.8 29.9 15.6 7.4 43.4 49

 50 FA403061105 Government-sponsored enterprises -1.2 15.2 52.0 78.9 8.9 255.1 103.9 -52.2 -74.8 50

 51 FA673061103 ABS issuers -8.2 8.1 12.6 -2.7 -4.0 -5.8 -4.1 3.1 -7.0 51

 52 FA663061105 Brokers and dealers 22.3 139.1 -73.1 -53.0 -47.9 29.9 -163.8 -30.4 -574.1 52

 53 FA733061103 Holding companies 13.2 12.8 22.1 1.3 -35.0 6.6 -0.6 34.4 104.8 53

 54 FA503061303 Other financial business 0.0 0.0 0.0 95.7 0.0 382.5 0.1 0.1 -212.4 54

 55 FA263061105 Rest of the world 308.2 120.2 225.7 -74.9 -1148.2 438.6 171.4 238.4 591.5 55

 56 FA263061110 Treasury bills 34.3 43.5 -40.4 311.3 53.8 1245.4 -94.2 40.1 -243.3 56

 57 FA263061120 Other Treasury securities 273.9 76.7 266.1 -386.2 -1202.0 -806.8 265.6 198.4 834.8 57

(1) Includes marketable and nonmarketable Treasury securities held by the public (net of premiums and discounts) and Treasury securities held by federal government employee retirement funds.

 In the Financial Accounts, nonmarketable government securities held by federal government employee defined benefit retirement funds are considered part of the financial business sector as

 opposed to intragovernmental holdings as reported on the Monthly Statement of the Public Debt.

(2) Long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank. These securities are not currently traded in the market.

(3) Comprised primarily of nonmarketable Treasury securities.
Transactions

58 Z.1, June 10, 2021

F.211 Agency- and GSE-Backed Securities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893161705 Net issues 346.5 245.4 316.9 657.2 1505.5 -222.5 532.8 812.9 698.1 1

 2 FA313161705 Budget agencies -0.1 -1.5 -1.7 -1.0 -0.1 -0.7 -3.5 0.2 -1.5 2

 3 FA403161705 Government-sponsored enterprises 153.1 81.1 204.9 635.9 1388.3 -177.4 505.6 827.2 665.9 3

 4 FA413065005 Agency- and GSE-backed mortgage pools 193.5 165.8 113.8 22.3 117.3 -44.4 30.7 -14.5 33.7 4

 5 FA893061705 Net purchases 346.5 245.4 316.9 657.2 1505.5 -222.5 532.8 812.9 698.1 5

 6 FA153061705 Household sector 35.3 171.1 108.7 -349.4 163.6 -1160.7 -128.5 -271.9 -732.6 6

 7 FA103061703 Nonfinancial corporate business 10.0 -5.5 2.4 4.4 35.2 29.3 -20.0 -26.9 -12.6 7

 8 FA313061703 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA213061703 State and local governments 26.0 5.6 2.4 -71.4 12.3 -199.8 -48.7 -49.4 -94.6 9

 10 FA713061705 Monetary authority 10.8 -136.2 -236.6 662.7 203.7 1909.0 303.8 234.4 592.6 10

 11 FA763061705 U.S.-chartered depository institutions 148.7 66.8 102.7 603.1 466.5 243.1 652.6 1050.3 939.0 11

 12 FA753061703 Foreign banking offices in U.S. 24.5 -2.5 8.9 7.9 17.3 4.6 -10.7 20.5 11.5 12

 13 FA743061703 Banks in U.S.-affiliated areas -0.0 -0.1 -0.3 7.1 -4.3 8.0 13.2 11.4 7.7 13

 14 FA473061705 Credit unions -5.1 -11.8 3.9 75.9 3.3 118.7 104.0 77.6 230.5 14

 15 FA513061705 Property-casualty insurance companies 5.6 20.2 6.2 3.0 -8.5 -13.1 35.0 -1.2 -9.8 15

 16 FA543061705 Life insurance companies 6.7 1.6 -1.3 -20.2 -16.3 -40.3 5.1 -29.4 -37.1 16

 17 FA573061705 Private pension funds 24.9 12.9 16.6 12.0 32.5 -53.4 32.0 37.1 21.2 17

 18 FA343061705 Federal government retirement funds 0.4 -0.3 1.3 1.3 -2.8 2.9 2.0 3.2 -0.6 18

 19 FA223061743 State and local govt. retirement funds 8.7 12.7 19.8 27.3 22.2 38.4 56.0 -7.5 19.4 19

 20 FA633061700 Money market funds 1.8 -37.4 110.2 -124.7 820.7 -421.0 -538.3 -360.3 -120.5 20

 21 FA653061703 Mutual funds 3.0 5.6 31.0 55.8 70.4 -481.6 476.9 157.5 87.8 21

 22 FA403061705 Government-sponsored enterprises -20.0 -5.1 3.8 -29.3 -16.6 -0.5 -37.7 -62.5 -34.8 22

 23 FA673061703 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FA643061773 REITs 53.9 19.4 50.3 -129.5 -541.5 9.3 -0.9 14.9 -25.2 24

 25 FA663061703 Brokers and dealers -14.5 18.3 28.9 -7.9 58.1 26.8 -107.7 -8.8 -23.7 25

 26 FA733061703 Holding companies 3.8 14.2 1.9 -10.7 -18.3 -7.5 -7.0 -9.9 -9.9 26

 27 FA263061705 Rest of the world 22.0 95.7 56.1 -60.2 208.1 -234.6 -248.2 33.9 -110.4 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by Ginnie Mae, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are

 considered officially to be part of the total borrowing of the federal government, which is shown in table F.106, line 48.
Transactions

Z.1, June 10, 2021 59

F.212 Municipal Securities

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA383162005 Net issues 14.4 -57.7 20.2 83.7 29.5 95.1 182.2 27.8 123.1 1

 2 FA213162005 State and local governments -0.3 -50.9 9.4 88.2 26.4 106.6 171.5 48.2 121.0 2

 3 FA213162400 Short-term (1) 4.8 2.9 6.8 1.9 -6.0 8.7 4.6 0.4 -12.2 3

 4 FA213162200 Long-term -5.1 -53.8 2.6 86.2 32.4 97.8 166.8 47.8 133.1 4

 5 FA163162003 Nonprofit organizations (2) 1.4 -2.5 -3.3 -9.7 -11.7 -8.9 -5.4 -12.9 0.1 5

 6 FA103162000 Nonfinancial corporate business 13.3 -4.3 14.1 5.2 14.8 -2.5 16.1 -7.5 2.1 6

 (industrial revenue bonds)

 7 FA893062005 Net purchases 14.4 -57.7 20.2 83.7 29.5 95.1 182.2 27.8 123.1 7

 8 FA153062005 Household sector -38.4 -10.5 -56.3 -33.0 -7.9 -44.6 -6.5 -72.7 -75.3 8

 9 FA103062003 Nonfinancial corporate business -2.5 1.7 4.8 0.2 -0.2 0.4 0.6 0.2 0.5 9

 10 FA113062003 Nonfinancial noncorporate business 0.8 -0.3 0.1 0.3 1.1 0.5 0.1 -0.5 -1.5 10

 11 FA213062003 State and local governments 0.5 0.5 -0.9 1.5 0.1 3.9 1.4 0.5 4.1 11

 12 FA763062000 U.S.-chartered depository institutions 21.1 -39.8 -29.5 68.9 127.7 50.2 49.4 48.4 72.3 12

 13 FA753062003 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA743062003 Banks in U.S.-affiliated areas -0.5 -0.1 -0.1 -1.1 0.1 -0.1 -0.6 -3.7 0.0 14

 15 FA473062005 Credit unions -0.2 -0.1 0.4 4.4 3.6 3.8 4.8 5.3 3.6 15

 16 FA513062005 Property-casualty insurance companies -9.9 -38.9 -4.7 2.9 0.3 -0.1 3.9 7.7 -2.0 16

 17 FA543062005 Life insurance companies 6.1 -2.5 -1.0 -2.9 -4.0 -3.8 -1.5 -2.3 -0.8 17

 18 FA343062033 Federal government retirement funds -0.0 -0.0 0.0 -0.0 -0.0 0.0 -0.0 0.0 0.0 18

 19 FA223062043 State and local govt. retirement funds 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FA633062000 Money market funds -19.9 8.4 -8.9 -21.4 6.0 16.4 -44.1 -63.8 -12.1 20

 21 FA653062003 Mutual funds 40.0 22.1 105.8 49.7 -88.0 52.8 147.8 86.2 119.5 21

 22 FA553062003 Closed-end funds 0.2 2.0 1.7 -0.3 0.5 -0.2 -0.0 -1.5 1.3 22

 23 FA563062003 Exchange-traded funds 5.3 6.6 10.5 14.2 3.8 15.9 15.0 22.0 21.0 23

 24 FA403062005 Government-sponsored enterprises -1.2 -0.7 -0.6 -0.5 -0.2 -0.7 -0.2 -1.0 -0.2 24

 25 FA663062003 Brokers and dealers 5.1 -5.3 -5.2 -9.9 -10.0 -21.1 6.7 -15.2 8.6 25

 26 FA503062003 Other financial business 0.0 0.0 0.0 6.3 0.0 4.8 1.8 18.5 -0.9 26

 27 FA263062003 Rest of the world 7.1 -1.6 4.0 4.3 -3.3 17.1 3.7 -0.4 -14.9 27

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (table F.101).
Transactions

60 Z.1, June 10, 2021

F.213 Corporate and Foreign Bonds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893163005 Net issues 607.6 365.9 489.1 1063.7 902.7 2533.4 275.5 543.4 1140.7 1

 2 FA103163003 Nonfinancial corporate business 285.3 148.4 257.6 741.0 759.2 1750.7 345.0 109.2 475.4 2

 3 FA793163005 Domestic financial sectors 30.1 78.5 157.2 272.6 746.6 430.8 -186.1 98.9 -73.9 3

 4 FA763163005 U.S.-chartered depository institutions -35.0 12.3 -18.7 29.2 46.5 19.3 16.6 34.3 19.5 4

 5 FA673163005 ABS issuers (net) (1) -30.4 -1.6 74.6 34.6 229.3 -47.1 -27.0 -17.1 39.5 5

 6 FA613163005 Finance companies -51.9 51.6 -42.7 1.5 103.1 2.3 -96.9 -2.4 -36.5 6

 7 FA643163005 REITs 21.6 31.0 69.3 41.2 -37.8 145.7 33.7 23.1 29.2 7

 8 FA663163003 Brokers and dealers 56.5 -1.7 -10.0 9.9 331.7 -308.7 -57.2 73.8 49.8 8

 9 FA733163003 Holding companies 92.2 -48.4 41.0 132.4 371.8 276.9 -146.2 27.3 -159.3 9

 10 FA503163005 Other financial business -22.9 35.3 43.7 23.8 -298.0 342.4 90.8 -40.1 -16.2 10

 11 FA263163005 Rest of the world (2) 292.3 139.0 74.3 50.2 -603.2 351.9 116.5 335.4 739.2 11

 12 FA893063005 Net purchases (3) 607.6 365.9 489.1 1063.7 902.7 2533.4 275.5 543.4 1140.7 12

 13 FA153063005 Household sector -43.0 85.3 73.9 87.5 511.6 635.1 -919.9 123.2 -353.5 13

 14 FA313063763 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA213063003 State and local governments 7.7 14.6 -4.1 6.8 30.9 24.0 -30.3 2.5 34.3 15

 16 FA763063005 U.S.-chartered depository institutions -16.1 -37.9 44.1 2.2 -134.5 134.4 130.8 -122.1 488.8 16

 17 FA763063605 MBS and other ABS -18.8 -5.2 6.3 3.9 22.6 6.9 -8.3 -5.6 21.3 17

 18 FA763063095 Other 2.7 -32.7 37.8 -1.7 -157.0 127.6 139.1 -116.5 467.5 18

 19 FA753063005 Foreign banking offices in U.S. -0.5 -0.6 -29.1 6.8 145.9 -85.4 -15.9 -17.4 8.3 19

 20 FA743063005 Banks in U.S.-affiliated areas 0.2 -0.1 7.7 3.8 13.9 -4.0 -0.2 5.4 0.0 20

 21 FA473063005 Credit unions -1.0 0.4 1.1 2.6 10.6 -1.7 1.7 -0.2 12.8 21

 22 FA473063605 MBS and other ABS -1.1 0.2 1.2 2.5 10.2 -1.5 1.5 0.0 12.2 22

 23 FA473063095 Other 0.1 0.2 -0.0 0.1 0.4 -0.1 0.2 -0.2 0.6 23

 24 FA513063005 Property-casualty insurance companies 12.2 56.6 34.7 47.0 67.5 45.8 48.3 26.4 60.1 24

 25 FA513063605 MBS and other ABS 2.5 12.9 8.0 11.0 15.8 10.7 11.3 6.2 13.0 25

 26 FA513063095 Other 9.7 43.7 26.7 36.0 51.8 35.1 37.0 20.2 47.1 26

 27 FA543063005 Life insurance companies 77.3 124.9 135.1 195.1 280.2 110.2 251.5 138.4 136.4 27

 28 FA543063675 MBS and other ABS 2.2 23.1 23.4 31.8 42.2 27.8 39.9 17.5 28.5 28

 29 FA543063095 Other 75.0 101.8 111.6 163.3 238.0 82.4 211.6 120.9 107.9 29

 30 FA573063005 Private pension funds 70.0 48.6 39.6 90.4 34.5 145.8 67.6 113.8 21.5 30

 31 FA343063005 Federal government retirement funds 0.3 0.0 1.0 0.9 -4.6 2.8 3.3 2.0 0.7 31

 32 FA223063045 State and local govt. retirement funds -25.4 -7.5 -132.5 7.3 86.7 56.5 -44.9 -69.0 -44.8 32

 33 FA633063005 Money market funds 1.9 -1.1 11.0 -5.9 -19.0 -4.2 14.4 -14.8 -0.3 33

 34 FA653063005 Mutual funds 137.7 104.0 78.5 275.3 23.5 468.3 400.2 209.1 306.5 34

 35 FA553063003 Closed-end funds 0.9 0.5 2.0 1.5 6.1 -1.3 -0.6 1.9 -0.4 35

 36 FA563063003 Exchange-traded funds 89.3 33.6 93.7 155.0 -42.4 295.1 194.8 172.5 108.3 36

 37 FA403063005 Government-sponsored enterprises -17.0 -6.0 -2.7 -2.6 -4.5 0.1 -2.9 -3.0 -2.0 37

 38 FA403063605 MBS and other ABS -16.6 -5.6 -2.3 -2.2 -4.1 0.5 -2.6 -2.7 -1.7 38

 39 FA403063095 Other -0.5 -0.4 -0.4 -0.3 -0.3 -0.3 -0.3 -0.4 -0.3 39

 40 FA613063003 Finance companies -10.6 -4.5 -0.5 9.7 7.4 16.4 5.9 9.2 5.9 40

 41 FA643063005 REITs 1.4 11.4 -3.4 -25.4 -55.0 -28.9 -15.9 -1.8 -2.0 41

 42 FA663063005 Brokers and dealers 0.1 3.3 -19.4 2.8 32.9 -34.6 52.6 -39.9 64.7 42

 43 FA733063003 Holding companies -2.7 4.5 5.0 -3.2 -0.6 11.3 -26.1 2.6 20.5 43

 44 FA503063005 Other financial business 3.6 -1.9 0.2 12.4 23.4 8.5 -2.0 19.5 2.4 44

 45 FA263063005 Rest of the world (4) 321.5 -62.2 153.1 193.8 -112.0 739.1 162.9 -14.7 272.2 45

 46 FA263063603 MBS and other ABS -10.5 -2.7 -3.1 28.8 -35.2 -14.0 52.5 112.1 73.6 46

 47 FA263063095 Other 332.0 -59.6 156.1 165.0 -76.8 753.1 110.4 -126.8 198.6 47

(1) Net issuance less net acquisition of corporate bonds held as assets.

(2) Net purchases of foreign issues by U.S. residents.

(3) For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately

 issued asset-backed bonds.

(4) Net purchases of U.S. issues by foreign residents.
Transactions

Z.1, June 10, 2021 61

F.214 Loans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 By instrument

 1 FA894123005 Net change in total loans 1213.8 874.6 1027.9 1484.3 5097.4 -543.6 285.1 1098.4 1804.5 1

 2 FA793068005 Depository institution loans n.e.c. 105.3 289.2 139.3 413.0 2608.9 128.1 -799.5 -285.5 140.0 2

 3 FA893169005 Other loans and advances 308.5 -166.6 103.7 335.1 1773.5 -1021.9 142.8 446.0 683.0 3

 4 FA893065005 Mortgages 605.7 579.3 599.4 745.7 688.6 584.2 865.0 845.2 857.0 4

 5 FA893065105 One-to-four-family residential 344.5 321.6 307.4 478.2 391.5 339.3 626.8 555.3 630.7 5

 6 FA893065405 Multifamily residential 126.9 125.2 135.1 133.1 86.8 134.8 124.6 186.3 116.7 6

 7 FA893065505 Commercial 124.1 123.0 135.9 122.5 198.3 98.3 101.6 91.7 101.0 7

 8 FA893065603 Farm 10.2 9.5 21.1 11.9 11.8 11.8 12.0 12.0 8.6 8

 9 FA153166000 Consumer credit 194.3 172.7 185.5 -9.5 26.5 -234.0 76.8 92.7 124.5 9

 By sector

 10 FA894123005 Net change in liabilities 1213.8 874.6 1027.9 1484.3 5097.4 -543.6 285.1 1098.4 1804.5 10

 11 FA384123005 Domestic nonfinancial sectors 1211.8 832.8 1002.6 1452.1 2944.9 1117.8 733.2 1012.5 1603.0 11

 12 FA154123005 Household sector 563.5 491.5 524.7 640.4 599.8 19.0 907.1 1035.6 1079.3 12

 13 FA104123005 Nonfinancial corporate business 31.8 199.0 204.6 329.5 1715.2 173.3 -530.2 -40.5 -53.3 13

 14 FA114123005 Nonfinancial noncorporate business 464.3 292.9 272.3 481.2 629.5 924.7 354.4 16.2 576.3 14

 15 FA314123005 Federal government 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA213169203 State and local governments 0.5 1.1 1.0 1.0 0.4 0.7 1.8 1.1 0.7 16

 17 FA794123005 Domestic financial sectors -13.5 -10.7 -69.0 -30.1 1798.7 -1509.0 -426.2 16.1 127.0 17

 18 FA763169305 U.S.-chartered depository institutions 20.1 -9.2 -92.3 -232.6 667.1 -1094.8 -267.8 -234.9 44.6 18

 19 FA473169333 Credit unions 8.2 2.9 -5.5 -9.0 42.4 -49.2 -11.2 -18.0 -11.9 19

 20 FA513169333 Property-casualty insurance companies -0.0 0.5 0.2 6.4 9.8 1.2 19.8 -5.0 -2.5 20

 21 FA543169373 Life insurance companies 6.5 6.4 7.5 15.3 76.0 2.2 -18.4 1.3 33.3 21

 22 FA403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA614123005 Finance companies -11.3 -0.4 5.9 24.8 27.7 25.9 32.6 12.9 -11.9 23

 24 FA644123005 REITs 3.9 -12.9 -8.2 -6.6 144.0 -133.6 -48.2 11.4 -25.9 24

 25 FA664123005 Brokers and dealers -40.7 2.1 23.4 130.9 831.6 -321.2 -152.3 165.7 108.4 25

 26 FA504123005 Other financial business 0.0 0.0 0.0 40.7 0.0 60.6 19.3 82.8 -7.0 26

 27 FA264123005 Rest of the world 15.5 52.4 94.3 62.4 353.8 -152.3 -21.8 69.8 74.5 27

 28 FA894123005 Net change in assets 1213.8 874.6 1027.9 1484.3 5097.4 -543.6 285.1 1098.4 1804.5 28

 29 FA384023005 Domestic nonfinancial sectors 48.7 88.1 129.1 376.5 685.8 434.0 173.4 212.9 158.8 29

 30 FA154023005 Household sector -70.3 -16.3 33.2 110.8 621.2 -113.0 -153.3 88.3 46.5 30

 31 FA104023005 Nonfinancial corporate business 0.4 2.2 1.5 2.4 -4.0 -13.3 -1.0 27.8 -4.2 31

 32 FA114023005 Nonfinancial noncorporate business 8.4 1.0 2.7 4.1 6.5 8.3 2.6 -1.2 0.4 32

 33 FA314023005 Federal government 95.8 99.1 93.6 254.0 75.7 539.1 312.1 89.0 108.6 33

 34 FA213065005 State and local governments 14.4 2.1 -1.9 5.3 -13.6 12.9 13.0 8.9 7.6 34

 35 FA794023005 Domestic financial sectors 1065.6 763.0 801.4 1033.0 4243.4 -1003.3 52.0 839.8 1547.0 35

 36 FA713068005 Monetary authority 0.0 0.0 0.0 52.2 234.9 -111.1 3.0 82.1 26.0 36

 37 FA764023005 U.S.-chartered depository institutions 349.0 438.1 359.6 286.6 1880.7 171.8 -524.1 -381.9 48.1 37

 38 FA754023005 Foreign banking offices in U.S. 5.8 40.1 28.4 17.7 636.2 -250.6 -241.9 -72.9 -65.9 38

 39 FA744023003 Banks in U.S.-affiliated areas -0.2 -1.2 3.5 0.9 7.6 8.5 -5.7 -6.8 -9.5 39

 40 FA474023000 Credit unions 89.0 86.9 68.5 60.4 81.1 78.5 64.4 17.5 57.8 40

 41 FA513065505 Property-casualty insurance companies 2.4 2.7 2.4 1.4 3.0 0.3 -0.7 3.1 0.2 41

 42 FA544023005 Life insurance companies 42.2 60.3 50.1 27.2 53.9 9.4 5.2 40.2 12.1 42

 43 FA573065005 Private pension funds 4.4 -2.8 1.3 1.8 2.6 1.5 1.5 1.7 1.1 43

 44 FA313169003 Federal government retirement funds 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 FA223065043 State and local govt. retirement funds -7.6 5.4 -1.0 -0.3 1.8 -3.0 1.3 -1.0 -0.2 45

 46 FA653069803 Mutual funds 17.9 0.7 -33.7 -29.0 -120.0 -0.2 -2.8 7.0 61.3 46

 47 FA404023005 Government-sponsored enterprises 207.0 149.3 96.7 417.7 1056.3 -552.6 439.9 727.2 958.5 47

 48 FA413065005 Agency- and GSE-backed mortgage pools 193.5 165.8 113.8 22.3 117.3 -44.4 30.7 -14.5 33.7 48

 49 FA674023005 ABS issuers -48.1 1.6 50.1 31.6 210.3 -53.8 -6.7 -23.3 -6.7 49

 50 FA614023005 Finance companies -22.2 -6.0 -4.5 -19.4 16.0 -115.1 17.4 4.2 -6.9 50

 51 FA643065005 REITs 7.1 20.2 18.9 -15.1 -92.3 -11.3 47.1 -3.8 25.4 51

 52 FA663069005 Brokers and dealers 58.4 -26.6 32.5 165.3 86.4 -84.4 267.2 391.9 361.8 52

 53 FA733069005 Holding companies 17.9 -18.8 13.4 -11.1 44.3 -38.7 -57.7 8.0 58.3 53

 54 FA503069005 Other financial business -2.5 -0.9 1.4 22.5 23.1 -8.1 14.1 61.1 -8.2 54

 55 FA263069500 Rest of the world 99.5 23.5 97.5 74.8 168.2 25.7 59.7 45.7 98.6 55

(1) Sum of depository institution loans not elsewhere classified, other loans and advances, total mortgages, and consumer credit.
Transactions

62 Z.1, June 10, 2021

F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA793068005 Net change in liabilities 105.3 289.2 139.3 413.0 2608.9 128.1 -799.5 -285.5 140.0 1

 2 FA153168005 Household sector 7.9 39.9 10.9 20.4 135.5 -21.4 -56.6 23.8 -5.5 2

 3 FA103168005 Nonfinancial corporate business -52.2 103.4 30.8 98.4 1336.5 -8.1 -743.7 -191.0 -301.8 3

 4 FA113168005 Nonfinancial noncorporate business 128.9 77.9 16.0 152.8 368.7 544.9 26.2 -328.5 363.2 4

 5 FA793168005 Domestic financial sectors 8.0 9.8 -5.7 75.5 435.4 -267.5 -21.4 155.4 11.0 5

 6 FA613168005 Finance companies -11.3 2.3 5.6 25.3 27.9 27.3 32.1 13.8 -10.3 6

 7 FA643168005 REITs 5.1 3.3 -9.2 -0.6 156.5 -114.4 -49.7 5.3 0.3 7

 8 FA663168005 Brokers and dealers 14.1 4.2 -2.1 10.1 251.0 -240.9 -23.1 53.5 28.0 8

 9 FA713068505 Other financial business (2) 0.0 0.0 0.0 40.7 0.0 60.6 19.3 82.8 -7.0 9

 10 FA263168005 Rest of the world 12.7 58.2 87.2 65.9 332.8 -119.9 -4.0 54.7 73.0 10

 11 FA263168465 Foreign official institutions -3.1 0.1 -0.9 -0.9 -1.3 -1.7 -1.3 0.8 3.3 11

 12 FA263168485 Foreign nonfinancial corporations -29.9 0.6 -4.8 -8.8 135.8 -25.0 -80.7 -65.2 11.0 12

 13 FA263168495 Foreign nondepository financial institutions 45.7 57.4 92.9 75.6 198.3 -93.2 78.0 119.1 58.6 13

 14 FA793068005 Net change in assets 105.3 289.2 139.3 413.0 2608.9 128.1 -799.5 -285.5 140.0 14

 15 FA713068005 Monetary authority (3) 0.0 0.0 0.0 52.2 234.9 -111.1 3.0 82.1 26.0 15

 16 FA763068005 U.S.-chartered depository institutions 104.5 253.4 98.7 335.2 1734.3 464.5 -579.4 -278.6 136.6 16

 17 FA753068005 Foreign banking offices in U.S. -3.1 32.1 25.5 17.3 627.5 -247.5 -240.0 -70.8 -63.5 17

 18 FA743068005 Banks in U.S.-affiliated areas -0.4 0.5 5.0 0.6 8.0 6.6 -6.2 -6.2 -5.2 18

 19 FA473068005 Credit unions 4.4 3.2 10.1 7.7 4.1 15.5 23.0 -11.9 46.1 19

(1) Excludes depository institution lending in the form of open market paper, mortgages, and consumer credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to Federal Reserve funding, credit, and liquidity facility special purpose vehicles.

(3) Loans from Federal Reserve banks to the household, broker and dealer, finance companies, and other financial business sectors.
Transactions

Z.1, June 10, 2021 63

F.216 Other Loans and Advances

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893169005 Net change in total other loans and advances 308.5 -166.6 103.7 335.1 1773.5 -1021.9 142.8 446.0 683.0 1

 2 FA313069205 U.S. government loans -0.7 5.1 10.0 187.3 -14.0 455.2 264.0 43.9 28.4 2

 3 FA153169203 Liab.: Household sector 1.0 5.9 4.5 10.2 4.2 17.6 12.2 6.9 4.0 3

 4 FA103169205 Nonfinancial corporate business -1.0 -0.0 4.0 110.5 -20.0 280.8 160.8 20.5 13.7 4

 5 FA113169205 Nonfinancial noncorporate business -0.3 1.7 2.6 67.7 4.9 159.1 90.4 16.4 9.6 5

 6 FA213169203 State and local governments 0.5 1.1 1.0 1.0 0.4 0.7 1.8 1.1 0.7 6

 7 FA403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA313069223 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA503169205 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA263169203 Rest of the world -0.8 -3.7 -2.1 -2.2 -3.5 -3.0 -1.2 -1.0 0.5 10

 11 FA313169003 Federal government retirement funds’ loans 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA313169003 Liab.: Federal government 151.7 -151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA263069500 Foreign loans to U.S. corporate business 99.5 23.5 97.5 74.8 168.2 25.7 59.7 45.7 98.6 13

 14 FA263069500 Liab.: Nonfinancial corporate business 99.5 23.5 97.5 74.8 168.2 25.7 59.7 45.7 98.6 14

 Customers’ liability on acceptances outstanding

 15 FA763069703 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA753069703 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA103169705 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA263169705 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 FA733069005 Holding company loans 17.9 -18.8 13.4 -11.1 44.3 -38.7 -57.7 8.0 58.3 19

 20 FA733069013 Liab.: Nonfinancial corporate business 14.2 -16.7 4.2 -9.7 19.7 -9.3 -41.1 -8.1 57.3 20

 21 FA733069023 Rest of the world 3.6 -2.1 9.2 -1.4 24.6 -29.4 -16.6 16.1 1.0 21

 22 FA153169405 Policy loans (Household liability) 1.9 0.1 -2.8 -0.5 4.3 -3.0 2.2 -5.7 -3.1 22

 23 FA313069403 Asset: Federal government -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 23

 24 FA543069405 Life insurance companies 2.0 0.1 -2.8 -0.5 4.3 -3.0 2.3 -5.7 -3.0 24

 25 FA403069330 Federal Home Loan Banks advances (1) 27.8 -2.6 -90.6 -228.6 779.6 -1153.8 -282.6 -257.7 61.9 25

 26 FA763169335 Liab.: U.S.-chartered depository institutions 20.1 -9.2 -92.3 -232.6 667.1 -1094.8 -267.8 -234.9 44.6 26

 27 FA473169333 Credit unions 8.2 2.9 -5.5 -9.0 42.4 -49.2 -11.2 -18.0 -11.9 27

 28 FA513169333 Property-casualty insurance companies -0.0 0.5 0.2 6.4 9.8 1.2 19.8 -5.0 -2.5 28

 29 FA543169373 Life insurance companies 6.5 6.4 7.5 15.3 76.0 2.2 -18.4 1.3 33.3 29

 30 FA613169333 Finance companies -0.1 -2.7 0.4 -0.5 -0.2 -1.4 0.5 -0.9 -1.6 30

 31 FA643169373 Real estate investment trusts -6.8 -0.4 -0.9 -8.2 -15.6 -11.7 -5.5 -0.2 0.0 31

 32 FA403069395 Govt.-sponsored enterprises loans (2) 4.7 6.8 7.4 13.5 5.3 13.0 15.0 20.6 2.1 32

 33 FA153169305 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 FA183169305 Nonfinancial corporate business (FCS) 0.7 1.1 1.1 1.8 1.3 -0.3 1.7 4.6 2.7 34

 35 FA113169305 Nonfinancial noncorporate business (FCS) 4.0 5.7 6.3 11.7 4.0 13.3 13.3 16.0 -0.7 35

 36 FA763169383 U.S.-chartered depository inst. (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 FA673069505 Securitized loans held by ABS issuers 0.1 0.1 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 FA673069505 Liab.: Nonfinancial corporate business 0.1 0.1 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 FA613069500 Finance company loans to business -0.8 9.8 -10.4 -25.9 51.5 -127.0 -13.2 -14.9 -44.0 39

 40 FA103169535 Liab.: Nonfinancial corporate business -0.7 8.9 -9.3 -23.3 46.4 -114.3 -11.9 -13.4 -39.6 40

 41 FA113169535 Nonfinancial noncorporate business -0.1 1.0 -1.0 -2.6 5.2 -12.7 -1.3 -1.5 -4.4 41

 42 FA663067003 Margin accounts at brokers and dealers 56.3 -31.0 23.3 156.7 48.3 -72.9 262.2 389.3 365.3 42

 43 FA663067003 Liab.: Household sector 56.3 -31.0 23.3 156.7 48.3 -72.9 262.2 389.3 365.3 43

 44 FA153067005 Cash accounts at brokers and dealers -54.9 -2.0 25.5 120.8 580.6 -80.3 -129.2 112.2 80.3 44

 45 FA153067005 Asset: Household sector -54.9 -2.0 25.5 120.8 580.6 -80.3 -129.2 112.2 80.3 45

 46 FA103169803 Loans to nonfinancial corporate business (3) 4.9 -5.8 31.0 28.0 105.5 -41.1 1.9 45.8 40.5 46

 47 FA153069803 Asset: Household sector -6.3 -4.6 13.9 -2.2 50.0 -22.3 -18.6 -17.8 -29.3 47

 48 FA543069873 Life insurance companies -0.9 -1.3 1.8 2.2 14.9 -6.6 -2.1 2.5 5.8 48

 49 FA653069803 Mutual funds 17.9 0.7 -33.7 -29.0 -120.0 -0.2 -2.8 7.0 61.3 49

 50 FA673069803 ABS issuers -5.5 -4.0 38.4 46.0 99.2 8.6 26.9 49.2 9.0 50

 51 FA663069803 Brokers and dealers 2.1 4.3 9.1 8.5 38.1 -11.4 5.0 2.6 -3.5 51

 52 FA503069805 Other financial business -2.5 -0.9 1.4 2.5 23.1 -9.1 -6.4 2.4 -2.8 52

 53 FA503069075 Other financial business loans (4) 0.0 0.0 0.0 20.1 0.0 1.0 20.5 58.7 -5.3 53

 54 FA503069003 Liab.: Household sector (TALF II) 0.0 0.0 0.0 3.6 0.0 1.0 11.7 1.5 -5.7 54

 55 FA503069013 Nonfinancial corporate business (MSLF) 0.0 0.0 0.0 6.0 0.0 0.0 3.2 20.6 0.1 55

 56 FA503069023 Nonfinancial noncorporate business (MSLF) 0.0 0.0 0.0 10.5 0.0 0.0 5.5 36.4 0.2 56

 57 FA503069033 Nonprofit organizations (MSLF) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.0 57

(1) The Federal Home Loan Banks are included in the government-sponsored enterprises sector. Finance companies and real estate investment trusts receive advances through

 affiliated captive insurance companies.

(2) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Federal Home Loan Bank advances are shown separately on line 25.

(3) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.

(4) 2020 Term Asset-Backed Securities Loan Facility (TALF II) loans to domestic hedge funds and private equity funds and Main Street Lending Facility (MSLF) loans to nonfinancial businesses.
Transactions

64 Z.1, June 10, 2021

F.217 Total Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893065005 Net change in mortgages 605.7 579.3 599.4 745.7 688.6 584.2 865.0 845.2 857.0 1

 2 FA893065105 One-to-four-family residential 344.5 321.6 307.4 478.2 391.5 339.3 626.8 555.3 630.7 2

 3 FA893065405 Multifamily residential 126.9 125.2 135.1 133.1 86.8 134.8 124.6 186.3 116.7 3

 4 FA893065505 Commercial 124.1 123.0 135.9 122.5 198.3 98.3 101.6 91.7 101.0 4

 5 FA893065603 Farm 10.2 9.5 21.1 11.9 11.8 11.8 12.0 12.0 8.6 5

 6 FA893065005 Net borrowing 605.7 579.3 599.4 745.7 688.6 584.2 865.0 845.2 857.0 6

 7 FA153165005 Household sector 302.2 303.8 303.2 459.6 381.1 331.7 598.5 526.9 599.8 7

 8 FA143165005 Nonfinancial business 298.0 291.2 294.3 284.0 304.4 260.0 259.4 312.1 283.4 8

 9 FA103165005 Corporate -33.7 84.6 45.9 42.8 57.7 39.9 39.0 34.8 75.0 9

 10 FA113165005 Noncorporate 331.7 206.7 248.4 241.1 246.8 220.1 220.3 277.3 208.4 10

 11 FA313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA123165005 REITs 5.6 -15.8 1.9 2.2 3.1 -7.5 7.1 6.2 -26.2 12

 13 FA893065005 Net change in assets 605.7 579.3 599.4 745.7 688.6 584.2 865.0 845.2 857.0 13

 14 FA153065005 Household sector -3.1 -5.8 -2.5 -5.5 -5.0 -6.9 -4.6 -5.4 -3.4 14

 15 FA103065003 Nonfinancial corporate business 2.4 2.0 2.2 2.4 2.3 2.3 2.4 2.4 2.4 15

 16 FA113065005 Nonfinancial noncorporate business 8.4 1.0 2.7 4.1 6.5 8.3 2.6 -1.2 0.4 16

 17 FA313065005 Federal government 0.2 3.4 0.6 3.3 6.1 5.6 -4.0 5.7 4.4 17

 18 FA313065015 Ginnie Mae -1.5 -0.4 -0.3 -0.2 -0.2 -0.2 -0.2 -0.3 -0.3 18

 19 FA313065075 Farmers Home Administration (FmHA) (2) 0.9 3.2 0.1 2.5 6.3 5.4 -5.5 3.7 2.7 19

 20 FA313065035 Federal Housing Administration (FHA) 0.7 0.6 0.9 1.1 0.0 0.4 1.8 2.3 1.9 20

 21 FA313065065 Federal Deposit Insurance Corporation 0.1 -0.1 -0.0 -0.0 0.0 -0.1 0.0 -0.0 0.0 21

 22 FA313065095 Other (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA213065005 State and local governments 14.4 2.1 -1.9 5.3 -13.6 12.9 13.0 8.9 7.6 23

 24 FA703065005 Private depository institutions 216.0 170.3 214.9 87.8 256.6 83.4 108.3 -96.9 -89.7 24

 25 FA763065005 U.S.-chartered depository institutions 164.7 122.2 171.8 41.5 177.6 30.6 65.8 -108.0 -111.4 25

 26 FA753065005 Foreign banking offices in U.S. 9.0 8.1 3.0 0.4 8.7 -3.1 -2.0 -2.2 -2.4 26

 27 FA743065003 Banks in U.S.-affiliated areas 0.3 -1.7 -1.5 0.3 -0.4 1.9 0.4 -0.6 -4.3 27

 28 FA473065100 Credit unions 42.1 41.8 41.6 45.6 70.7 53.9 44.1 13.8 28.4 28

 29 FA513065505 Property-casualty insurance companies 2.4 2.7 2.4 1.4 3.0 0.3 -0.7 3.1 0.2 29

 30 FA543065005 Life insurance companies 41.2 61.4 51.1 25.5 34.7 19.0 5.0 43.4 9.4 30

 31 FA573065005 Private pension funds 4.4 -2.8 1.3 1.8 2.6 1.5 1.5 1.7 1.1 31

 32 FA223065043 State and local govt. retirement funds -7.6 5.4 -1.0 -0.3 1.8 -3.0 1.3 -1.0 -0.2 32

 33 FA403065005 Government-sponsored enterprises 174.4 145.1 180.0 632.9 271.4 588.2 707.5 964.3 894.5 33

 34 FA403065015 Fannie Mae 94.9 70.3 77.5 290.4 133.9 372.5 273.7 381.4 354.8 34

 35 FA403065025 Freddie Mac 68.5 59.1 85.1 335.3 117.7 203.9 438.4 581.4 536.6 35

 36 FA403065045 Farm Credit System 5.1 6.9 6.0 14.9 6.8 15.8 15.5 21.7 12.9 36

 37 FA403065035 FHLB 5.4 8.7 9.9 -9.7 11.4 -6.7 -21.6 -21.8 -10.0 37

 38 FA403065653 Farmer Mac 0.5 0.1 1.4 1.9 1.6 2.7 1.5 1.7 0.3 38

 39 FA413065005 Agency- and GSE-backed mortgage pools 193.5 165.8 113.8 22.3 117.3 -44.4 30.7 -14.5 33.7 39

 40 FA413065015 Ginnie Mae 146.6 128.8 75.3 -14.2 107.2 -48.5 -43.9 -71.5 -12.1 40

 41 FA413065025 Freddie Mac 49.9 40.9 39.9 37.7 12.7 5.9 74.6 57.7 46.5 41

 42 FA413065045 Fannie Mae -2.1 -3.7 -1.1 -1.1 -2.4 -1.8 0.4 -0.5 -0.4 42

 43 FA413065653 Farmer Mac -1.0 -0.2 -0.4 -0.2 -0.2 -0.1 -0.3 -0.2 -0.4 43

 44 FA413065035 Farmers Home Administration (FmHA) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 FA673065005 ABS issuers -33.6 17.4 14.5 -13.1 113.3 -60.6 -30.4 -74.6 -14.4 45

 46 FA613065000 Finance companies -14.4 -8.9 2.5 -7.2 -16.2 -10.9 -14.6 13.1 -14.5 46

 47 FA643065005 REITs 7.1 20.2 18.9 -15.1 -92.3 -11.3 47.1 -3.8 25.4 47

(1) Sum of one-to-four-family residential mortgages (table L.218), multifamily residential mortgages (table L.219), commercial mortgages (table L.220), and farm mortgages (table L.221).

(2) FmHA-guaranteed securities sold to the Federal Financing Bank were reallocated from FmHA mortgage pools to FmHA mortgage holdings in 1986:Q4 because of accounting changes by

 the Farmers Home Administration.

(3) Other includes Department of Veterans Affairs, Federal Financing Bank, Public Housing Administration, and Resolution Trust Corporation.
Transactions

Z.1, June 10, 2021 65

F.218 One-to-four-family Residential Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893065105 Net borrowing 344.5 321.6 307.4 478.2 391.5 339.3 626.8 555.3 630.7 1

 2 FA153165105 Household sector 295.7 294.2 293.9 450.6 372.1 322.7 589.5 517.9 590.5 2

 3 FA103165105 Nonfinancial corporate business 0.9 1.0 0.2 -0.5 1.3 -0.9 -1.5 -0.9 0.6 3

 4 FA113165105 Nonfinancial noncorporate business 47.8 26.5 13.3 28.2 18.2 17.4 38.7 38.3 39.5 4

 5 FA893065105 Net change in assets 344.5 321.6 307.4 478.2 391.5 339.3 626.8 555.3 630.7 5

 6 FA153065103 Household sector -3.5 -3.5 -3.5 -3.5 -3.5 -3.5 -3.5 -3.5 -3.5 6

 7 FA103065105 Nonfinancial corporate business 1.4 1.2 1.3 1.4 1.4 1.4 1.4 1.4 1.5 7

 8 FA113065103 Nonfinancial noncorporate business 3.0 0.4 1.0 1.5 2.4 3.0 0.9 -0.4 0.1 8

 9 FA313065105 Federal government -0.8 0.1 0.0 1.2 1.0 0.2 1.9 1.7 0.9 9

 10 FA213065103 State and local governments 7.6 1.2 -0.9 2.1 -6.9 3.7 7.0 4.8 2.7 10

 11 FA763065105 U.S.-chartered depository institutions 50.7 32.1 54.4 -60.8 34.6 -86.6 -21.0 -170.3 -153.2 11

 12 FA753065103 Foreign banking offices in U.S. -0.1 0.5 -0.2 -0.2 -0.3 0.4 -0.6 -0.3 -0.7 12

 13 FA743065103 Banks in U.S.-affiliated areas 0.3 -1.2 -0.9 0.3 -0.7 1.5 1.4 -0.9 -2.6 13

 14 FA473065100 Credit unions 42.1 41.8 41.6 45.6 70.7 53.9 44.1 13.8 28.4 14

 15 FA543065105 Life insurance companies 2.3 6.3 7.4 1.4 2.1 0.4 -0.4 3.3 1.3 15

 16 FA573065103 Private pension funds -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 16

 17 FA223065143 State and local govt. retirement funds -2.7 2.0 -0.4 -0.1 0.7 -1.1 0.5 -0.4 -0.1 17

 18 FA403065105 Government-sponsored enterprises 138.7 113.4 135.2 570.0 246.0 498.6 681.2 854.1 860.8 18

 19 FA413065105 Agency- and GSE-backed mortgage pools 141.0 123.0 76.0 -15.8 106.0 -54.8 -42.1 -72.4 -28.7 19

 20 FA673065105 ABS issuers -28.9 4.8 -5.4 -32.1 42.5 -42.8 -45.6 -82.7 -74.1 20

 21 FA613065105 Finance companies -11.4 -8.1 -1.7 -8.2 -15.6 -14.9 -14.0 11.5 -13.0 21

 22 FA643065105 REITs 4.8 7.7 3.3 -24.4 -88.7 -20.1 15.8 -4.5 10.9 22

 Memo:

 23 FV893065153 Charge-offs (2) 27.4 19.8 15.7 8.8 2.9 2.0 2.3 1.6 1.2 23

 24 FA893065125 Home equity loans included above (3) -28.9 -32.6 -30.5 -58.4 -22.4 -76.8 -60.9 -73.6 -82.0 24

 25 FA763065125 U.S.-chartered depository institutions -32.7 -36.3 -35.2 -48.0 -18.0 -61.2 -52.4 -60.6 -64.9 25

 26 FA753065203 Foreign banking offices in U.S. -0.1 -0.0 0.1 -0.2 -0.2 0.1 -0.3 -0.5 -0.0 26

 27 FA473065125 Credit unions 5.9 5.3 3.5 -7.0 -1.3 -10.8 -3.8 -12.1 -13.2 27

 28 FA673065123 ABS issuers 0.3 -0.0 1.5 -1.5 -1.5 -1.4 -1.4 -1.7 -3.1 28

 29 FA613065123 Finance companies -2.3 -1.6 -0.3 -1.7 -1.4 -3.6 -3.0 1.4 -0.9 29

(1) Mortgages on 1-4 family properties including mortgages on farm houses.

(2) Charge-offs are excluded from transactions (line 1) and are accounted for as other changes in volume. Quarterly figures are shown at an unadjusted quarterly rate. Data begin 2007:Q1.

(3) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals. Home equity loans

 held by U.S.-chartered depository institutions exclude charge-offs.

F.219 Multifamily Residential Mortgages

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA893065405 Net borrowing 126.9 125.2 135.1 133.1 86.8 134.8 124.6 186.3 116.7 1

 2 FA103165405 Nonfinancial corporate business 6.6 6.5 6.8 6.5 4.2 6.7 6.4 8.9 6.0 2

 3 FA113165405 Nonfinancial noncorporate business 125.0 123.2 129.4 124.4 80.1 126.7 121.5 169.4 113.3 3

 4 FA313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA123165403 REITs -4.7 -4.4 -1.1 2.2 2.5 1.4 -3.3 7.9 -2.6 5

 6 FA893065405 Net change in assets 126.9 125.2 135.1 133.1 86.8 134.8 124.6 186.3 116.7 6

 7 FA153065403 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA103065403 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA113065403 Nonfinancial noncorporate business 2.9 0.4 0.9 1.4 2.2 2.8 0.9 -0.4 0.1 9

 10 FA313065405 Federal government -0.4 -0.3 -0.3 -0.5 -0.9 -0.2 -0.6 -0.3 0.1 10

 11 FA213065403 State and local governments 5.6 0.7 -0.8 2.6 -5.5 6.3 5.6 4.0 2.7 11

 12 FA763065403 U.S.-chartered depository institutions 24.3 27.6 29.7 25.3 44.5 28.6 22.0 6.1 6.8 12

 13 FA753065403 Foreign banking offices in U.S. 1.4 3.5 1.9 2.6 4.8 1.2 2.0 2.4 0.1 13

 14 FA543065405 Life insurance companies 15.7 21.9 25.2 7.7 8.7 5.6 2.7 13.7 5.3 14

 15 FA573065403 Private pension funds -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 15

 16 FA223065443 State and local govt. retirement funds -2.3 1.6 -0.3 -0.1 0.5 -0.9 0.4 -0.3 -0.1 16

 17 FA403065405 Government-sponsored enterprises 31.7 25.8 31.2 55.4 18.3 81.3 19.2 102.9 29.4 17

 18 FA413065405 Agency- and GSE-backed mortgage pools 53.4 43.0 38.1 38.3 11.5 10.5 73.0 58.0 62.8 18

 19 FA673065405 ABS issuers -4.5 0.5 2.5 5.0 26.7 0.8 -4.1 -3.5 5.8 19

 20 FA613065403 Finance companies -2.4 -0.7 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 20

 21 FA643065405 REITs 1.6 1.4 7.4 -4.1 -23.5 -0.8 3.9 4.1 4.2 21
Transactions

66 Z.1, June 10, 2021

F.220 Commercial Mortgages

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893065505 Net borrowing 124.1 123.0 135.9 122.5 198.3 98.3 101.6 91.7 101.0 1

 2 FA163165505 Nonprofit organizations (1) 6.4 9.7 9.4 9.0 9.0 9.0 9.0 9.0 9.2 2

 3 FA103165505 Nonfinancial corporate business -44.1 74.5 33.1 32.8 48.2 30.1 30.2 22.8 65.4 3

 4 FA113165505 Nonfinancial noncorporate business 151.4 50.2 90.4 80.6 140.6 68.1 52.2 61.6 50.0 4

 5 FA123165503 REITs 10.3 -11.4 3.0 0.1 0.5 -8.9 10.3 -1.7 -23.7 5

 6 FA893065505 Net change in assets 124.1 123.0 135.9 122.5 198.3 98.3 101.6 91.7 101.0 6

 7 FA153065505 Household sector -0.1 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.0 7

 8 FA103065503 Nonfinancial corporate business 0.9 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 8

 9 FA113065503 Nonfinancial noncorporate business 2.3 0.3 0.7 1.1 1.8 2.3 0.7 -0.3 0.1 9

 10 FA313065505 Federal government 0.7 2.8 -0.1 1.3 4.8 4.0 -6.6 2.9 2.4 10

 11 FA213065503 State and local governments 1.1 0.1 -0.2 0.4 -1.1 2.5 0.3 -0.0 2.1 11

 12 FA763065503 U.S.-chartered depository institutions 85.7 58.1 82.6 72.6 94.1 84.3 60.3 51.8 31.8 12

 13 FA753065503 Foreign banking offices in U.S. 7.8 3.9 1.2 -1.9 4.2 -4.6 -3.0 -4.3 -1.6 13

 14 FA743065505 Banks in U.S.-affiliated areas -0.0 -0.5 -0.6 0.0 0.3 0.4 -0.9 0.3 -1.7 14

 15 FA513065505 Property-casualty insurance companies 2.4 2.7 2.4 1.4 3.0 0.3 -0.7 3.1 0.2 15

 16 FA543065505 Life insurance companies 21.3 32.3 17.6 15.7 23.1 12.3 1.9 25.7 2.3 16

 17 FA573065505 Private pension funds 4.8 -2.4 1.7 2.2 3.0 1.9 1.9 2.1 1.5 17

 18 FA223065545 State and local govt. retirement funds -2.6 1.8 -0.3 -0.1 0.6 -1.0 0.4 -0.4 -0.1 18

 19 FA413065505 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FA673065505 ABS issuers -0.2 12.2 17.4 14.0 44.1 -18.7 19.3 11.5 54.0 20

 21 FA613065503 Finance companies -0.6 -0.2 4.3 1.3 -0.4 4.2 -0.3 1.8 -1.3 21

 22 FA643065505 REITs 0.7 11.1 8.3 13.4 20.0 9.7 27.4 -3.4 10.3 22

(1) Liability of the households and nonprofit organizations sector (table F.101).

F.221 Farm Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA893065603 Net borrowing 10.2 9.5 21.1 11.9 11.8 11.8 12.0 12.0 8.6 1

 2 FA183165605 Nonfinancial corporate business 2.8 2.7 5.8 4.0 4.0 4.0 4.0 4.0 3.0 2

 3 FA233165605 Nonfinancial noncorporate business 7.4 6.8 15.3 7.9 7.9 7.9 8.0 8.0 5.6 3

 4 FA893065603 Net change in assets 10.2 9.5 21.1 11.9 11.8 11.8 12.0 12.0 8.6 4

 5 FA153065605 Household sector 0.6 -2.4 0.9 -2.0 -1.6 -3.5 -1.1 -2.0 0.0 5

 6 FA113065603 Nonfinancial noncorporate business 0.2 0.0 0.1 0.1 0.1 0.2 0.1 -0.0 0.0 6

 7 FA313065605 Federal government 0.6 0.8 1.0 1.4 1.2 1.6 1.3 1.4 1.0 7

 8 FA213065603 State and local governments 0.1 0.0 -0.0 0.2 -0.1 0.4 0.1 0.1 0.1 8

 9 FA763065633 U.S.-chartered depository institutions 4.0 4.4 5.1 4.4 4.3 4.3 4.4 4.4 3.1 9

 10 FA753065603 Foreign banking offices in U.S. -0.1 0.1 0.0 -0.1 0.1 -0.1 -0.4 0.1 -0.2 10

 11 FA543065633 Life insurance companies 1.8 0.9 0.8 0.7 0.7 0.7 0.8 0.7 0.5 11

 12 FA223065643 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA403065605 Government-sponsored enterprises 4.0 5.9 13.6 7.5 7.1 8.3 7.1 7.3 4.3 13

 14 FA413065605 Agency- and GSE-backed mortgage pools -1.0 -0.2 -0.4 -0.2 -0.2 -0.1 -0.3 -0.2 -0.4 14

(1) Excludes mortgages on farm houses.
Transactions

Z.1, June 10, 2021 67

F.222 Consumer Credit

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA153166000 Net change in liabilities (Households) 194.3 172.7 185.5 -9.5 26.5 -234.0 76.8 92.7 124.5 1

 2 FA153166000 Net change in assets 194.3 172.7 185.5 -9.5 26.5 -234.0 76.8 92.7 124.5 2

 3 FA163066223 Nonprofit organizations (1) -6.2 -3.9 -3.6 -2.4 -4.5 -3.4 -0.9 -0.6 -1.2 3

 4 FA103066005 Nonfinancial corporate business -2.0 0.2 -0.7 0.0 -6.3 -15.6 -3.4 25.4 -6.7 4

 5 FA113066003 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA313066220 Federal government (2) 96.3 90.7 83.0 63.4 83.7 78.4 52.2 39.4 75.8 6

 7 FA763066000 U.S.-chartered depository institutions 79.8 62.5 89.0 -90.1 -31.2 -323.4 -10.5 4.8 22.9 7

 8 FA473066000 Credit unions 42.6 41.9 16.8 7.1 6.3 9.0 -2.7 15.6 -16.8 8

 9 FA403066005 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA673066000 ABS issuers -9.1 -11.9 -2.4 -1.2 -2.2 -1.8 -3.2 2.2 -1.3 10

 11 FA613066005 Finance companies -7.1 -6.9 3.4 13.7 -19.3 22.8 45.2 5.9 51.6 11

 Memo:

 12 FA153166100 Credit card loans (3) 56.7 37.3 38.1 -122.1 -77.7 -334.1 -40.6 -36.0 -36.3 12

 13 FA153166400 Auto loans 39.7 33.7 44.5 40.3 23.7 38.8 62.2 36.5 72.0 13

 14 FA153166220 Student loans (4) 83.6 81.6 75.8 58.4 55.0 81.5 50.9 46.4 41.4 14

 15 FA153166205 Other consumer credit (5) 14.4 20.0 27.0 13.8 25.5 -20.2 4.3 45.8 47.4 15

(1) Student loans originated under the Federal Family Education Loan Program. Assets of the households and nonprofit organizations sector (table F.101).

(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program

 loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.

(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.

(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and

 finance companies (part of line 11). Data begin in 2006:Q1.

(5) Includes student loans before 2006:Q1.
Transactions

68 Z.1, June 10, 2021

F.223 Corporate Equities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893064105 Net issues 233.3 -247.7 -435.7 630.3 968.2 179.3 887.5 486.3 1268.6 1

 2 FA103164103 Nonfinancial corporate business -325.6 -617.5 -454.0 -168.5 -386.2 -58.1 42.5 -272.3 -193.0 2

 3 FA793164105 Domestic financial sectors 418.9 198.5 209.7 499.1 280.8 627.5 465.4 622.8 1024.4 3

 4 FA763164103 U.S.-chartered depository institutions 2.8 -5.2 1.4 1.9 -9.5 3.0 4.9 9.1 -1.1 4

 5 FA513164103 Property-casualty insurance companies -12.8 -9.7 -7.9 -3.5 -14.1 2.4 -1.2 -0.9 -2.4 5

 6 FA543164173 Life insurance companies -16.2 -11.9 -17.0 -15.2 -22.5 1.8 -8.3 -31.8 -23.4 6

 7 FA554090005 Closed-end funds 0.7 1.9 5.9 2.7 11.3 -0.7 -0.2 0.5 0.6 7

 8 FA564090005 Exchange-traded funds 471.0 311.0 322.6 500.9 371.4 616.7 454.2 561.3 1075.9 8

 9 FA643164103 REITs 41.8 21.5 36.7 21.9 24.6 26.7 18.6 17.7 31.3 9

 10 FA403164105 Government-sponsored enterprises 0.9 4.5 -4.2 -7.0 27.6 -38.2 -10.2 -7.2 -3.5 10

 11 FA663164103 Brokers and dealers 9.3 -2.3 22.1 15.6 31.5 -21.7 0.7 51.9 4.3 11

 12 FA733164103 Holding companies -78.6 -111.3 -149.8 -18.2 -139.4 37.5 6.9 22.2 -57.3 12

 13 FA503164105 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA263164100 Rest of the world (2) 139.9 171.3 -191.3 299.7 1073.5 -390.1 379.6 135.8 437.2 14

 15 FA893064105 Net purchases 233.3 -247.7 -435.7 630.3 968.2 179.3 887.5 486.3 1268.6 15

 16 FA153064105 Household sector 129.3 -182.3 -134.1 366.9 46.2 421.0 906.2 94.3 742.2 16

 17 FA103064103 Nonfinancial corporate business -89.9 -40.7 10.2 -139.4 -112.6 -135.0 -146.5 -163.6 -139.4 17

 18 FA313064105 Federal government -0.1 4.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 18

 19 FA213064103 State and local governments -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 19

 20 FA713064103 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FA763064105 U.S.-chartered depository institutions -2.0 2.5 0.8 3.2 4.6 1.4 2.3 4.4 3.1 21

 22 FA753064103 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA513064105 Property-casualty insurance companies 9.8 20.1 -1.8 -22.3 7.3 -72.4 -39.8 15.9 1.3 23

 24 FA543064105 Life insurance companies -5.9 -44.4 1.3 1.2 6.0 -14.5 -7.7 21.0 -14.2 24

 25 FA573064105 Private pension funds -53.1 -80.0 -8.6 -47.6 104.8 -72.9 -101.4 -120.7 -54.6 25

 26 FA343064105 Federal government retirement funds 6.5 -21.6 -5.0 -24.1 -48.8 18.9 -23.4 -43.1 17.5 26

 27 FA223064145 State and local govt. retirement funds -61.9 -82.3 -16.1 -6.4 116.3 -157.1 165.5 -150.5 -175.8 27

 28 FA653064100 Mutual funds -133.4 -120.6 -219.4 -481.6 -361.8 -330.7 -667.2 -566.6 -587.1 28

 29 FA553064103 Closed-end funds -0.5 -0.4 2.6 1.9 7.7 0.0 0.0 -0.2 -0.9 29

 30 FA563064100 Exchange-traded funds 347.3 210.4 165.9 254.3 282.0 180.8 172.9 381.5 922.9 30

 31 FA663064103 Brokers and dealers -26.3 -19.9 -22.8 7.0 54.3 18.2 37.7 -82.1 154.6 31

 32 FA503064105 Other financial business 0.0 0.0 0.0 8.8 0.0 31.9 2.6 0.6 -1.1 32

 33 FA263064105 Rest of the world (3) 116.9 110.9 -205.4 711.8 865.7 293.0 589.8 1098.7 403.5 33

(1) Includes shares of exchange-traded funds, closed-end funds, and real estate investment trusts. Excludes mutual fund shares shown on table L.224.

(2) Net purchases of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Net purchases of U.S. issues by foreign residents.

F.224 Mutual Fund Shares (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA653164205 Net issues 318.4 -63.4 208.0 -226.8 -1223.8 61.4 106.2 149.1 362.0 1

 2 FA653164205 Net purchases 318.4 -63.4 208.0 -226.8 -1223.8 61.4 106.2 149.1 362.0 2

 3 FA153064205 Household sector 308.7 19.1 387.1 -35.2 -1080.6 258.5 328.0 353.3 355.3 3

 4 FA103064203 Nonfinancial corporate business 8.0 -9.0 5.3 10.6 10.6 10.6 10.6 10.6 10.6 4

 5 FA213064203 State and local governments 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 5

 6 FA763064203 U.S.-chartered depository institutions 0.0 -5.9 -2.1 -0.8 0.1 -2.9 -0.2 -0.1 0.0 6

 7 FA473064205 Credit unions 0.1 0.4 0.3 0.9 1.8 0.2 0.3 1.3 4.5 7

 8 FA513064205 Property-casualty insurance companies 1.2 -1.1 0.1 0.8 1.7 1.0 5.2 -4.6 1.3 8

 9 FA543064205 Life insurance companies -75.9 -87.1 -86.7 -99.3 -153.5 -61.3 -97.7 -84.5 -112.1 9

 10 FA573064205 Private pension funds 41.1 -9.0 -43.0 -119.3 -139.9 -95.7 -118.7 -122.8 6.1 10

 11 FA223064205 State and local govt. retirement funds 1.3 -0.7 -1.2 2.3 -32.6 5.9 -14.7 50.7 4.8 11

 12 FA263064203 Rest of the world 32.6 28.7 -53.0 11.9 167.5 -56.0 -7.8 -56.1 90.3 12

(1) Shares of open-end investment companies; excludes shares of money market funds and exchange-traded funds.
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F.225 Trade Credit

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893170005 Net change in trade payables 212.3 455.8 383.6 318.3 -86.4 -569.1 1070.1 858.7 648.1 1

 2 FA163170005 Nonprofit organizations (1) 6.4 9.1 8.1 8.2 8.2 8.2 8.2 8.2 8.3 2

 3 FA103170005 Nonfinancial corporate business 81.3 320.7 230.1 141.4 -214.2 -549.6 717.6 611.8 410.6 3

 4 FA113170005 Nonfinancial noncorporate business 7.8 5.4 42.9 -5.2 1.4 -169.2 101.1 45.9 51.0 4

 5 FA313170005 Federal government 17.5 74.0 36.0 17.8 -19.1 -49.8 67.1 73.0 57.3 5

 6 FA213170003 State and local governments 45.4 48.1 49.4 49.5 50.3 47.9 49.1 50.4 52.0 6

 7 FA513170005 Property-casualty insurance companies 1.0 8.4 2.6 11.1 5.6 24.8 41.3 -27.4 8.7 7

 8 FA543170005 Life insurance companies 37.5 15.2 13.4 88.1 78.2 112.5 73.9 87.8 44.4 8

 9 FA663170003 Brokers and dealers 7.9 -27.8 -1.0 2.8 17.4 -9.3 -4.3 7.3 4.6 9

 10 FA263170005 Rest of the world 7.4 2.7 2.0 4.8 -14.2 15.3 16.2 1.8 11.3 10

 11 FA893070005 Net change in trade receivables 300.5 537.8 645.4 254.2 -234.9 -695.4 1017.3 929.7 926.9 11

 12 FA163070005 Nonprofit organizations (1) 11.2 6.7 7.6 7.9 7.9 7.9 7.9 7.9 7.6 12

 13 FA103070005 Nonfinancial corporate business 163.4 396.3 540.5 52.0 -400.1 -916.0 765.4 758.7 717.2 13

 14 FA113070003 Nonfinancial noncorporate business 55.0 49.6 47.7 47.1 45.7 54.5 44.9 43.1 55.3 14

 15 FA313070000 Federal government 0.1 10.4 -1.9 11.3 1.3 25.7 0.5 17.8 30.0 15

 16 FA213070003 State and local governments 6.2 22.8 19.1 10.2 -28.2 -44.6 67.9 45.5 35.6 16

 17 FA513070005 Property-casualty insurance companies 9.4 17.8 6.6 18.1 33.4 47.3 48.2 -56.6 30.0 17

 18 FA543070005 Life insurance companies 11.1 -0.7 6.5 22.5 19.8 28.7 18.9 22.5 14.8 18

 19 FA673070003 ABS issuers -1.5 1.4 0.6 0.2 9.5 -5.9 -11.3 8.5 -5.2 19

 20 FA263070005 Rest of the world 45.6 33.4 18.6 85.0 75.7 106.9 74.8 82.4 41.6 20

 21 FA903070005 Discrepancy -88.2 -82.0 -261.8 64.2 148.5 126.3 52.8 -71.0 -278.7 21

(1) Included in the households and nonprofit organizations sector (table F.101).

F.226 Life Insurance Reserves

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA893140005 Net change in liabilities 66.4 11.9 34.4 100.7 201.7 15.3 86.4 99.4 -77.4 1

 2 FA313140003 Federal government -0.2 0.2 0.9 0.2 -0.6 -0.0 1.4 0.0 1.1 2

 3 FA543140005 Life insurance companies 43.4 43.3 31.7 85.0 188.6 -4.5 72.0 83.9 -75.9 3

 4 FA263140005 Rest of the world 23.1 -31.6 1.8 15.5 13.6 19.8 13.0 15.5 -2.7 4

 5 FA893140005 Net change in assets 66.4 11.9 34.4 100.7 201.7 15.3 86.4 99.4 -77.4 5

 6 FA153040005 Household sector 19.0 49.4 16.7 94.2 197.2 10.5 78.2 90.7 -81.3 6

 7 FA763040005 U.S.-chartered depository institutions 6.4 3.9 6.7 6.1 3.6 5.3 7.1 8.2 8.3 7

 8 FA543040005 Life insurance companies 34.2 -36.2 6.7 5.6 4.9 7.2 4.7 5.6 -8.4 8

 9 FA733040005 Holding companies 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 9

 10 FA543141905 Rest of the world 2.7 -9.3 0.3 -9.1 -8.0 -11.7 -7.7 -9.1 -0.0 10
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F.227 Pension Entitlements

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893150005 Net change in liabilities 487.8 399.1 410.6 532.4 558.0 489.1 486.8 595.7 297.0 1

 2 FA543150005 Life insurance companies (1) -0.6 44.2 10.8 87.3 151.6 -44.1 72.2 169.4 -114.2 2

 3 FA574190005 Private pension funds (2) 168.2 16.5 76.7 51.9 68.9 70.8 23.0 44.7 87.6 3

 4 FA344090005 Federal government retirement funds (3) 81.1 83.8 73.5 102.6 86.7 150.2 101.2 72.2 99.9 4

 5 FA224190005 State and local govt. retirement funds 235.6 196.1 246.5 243.8 208.9 252.6 251.1 262.8 221.8 5

 6 FA263150005 Rest of the world 3.6 58.7 3.1 46.9 41.9 59.6 39.3 46.6 1.8 6

 7 FA893150005 Net change in assets 487.8 399.1 410.6 532.4 558.0 489.1 486.8 595.7 297.0 7

 8 FA153050005 Households (4) 479.6 288.0 402.2 454.6 487.7 390.6 421.7 518.5 292.9 8

 9 FA543050005 Life insurance companies 7.8 100.1 7.7 91.4 82.3 116.0 76.6 90.8 4.1 9

 10 FA543151905 Rest of the world 0.4 11.0 0.6 -13.6 -12.0 -17.4 -11.4 -13.6 0.0 10

 Memo:

 11 FA893131573 Individual Retirement Accounts (IRAs): (5) 443.5 291.6 248.5 151.7 -37.1 261.5 116.9 265.3 ND 11

 12 FA763131573 U.S.-chartered depository institutions -13.1 21.0 -13.7 124.2 190.6 141.9 -42.5 206.8 ND 12

 13 FA473131573 Credit unions -0.4 -0.2 3.5 2.9 3.9 3.2 3.5 0.9 ND 13

 14 FA543131503 Life insurance companies 20.7 0.6 29.0 37.9 -56.0 55.2 40.1 112.3 ND 14

 15 FA633131573 Money market funds -4.0 25.0 49.0 77.0 220.0 36.0 56.0 -4.0 ND 15

 16 FA653131573 Mutual funds 81.9 -6.1 80.0 27.2 -320.7 144.4 53.7 231.4 ND 16

 17 FA153131575 Other self-directed accounts 358.4 251.2 100.8 -117.5 -74.9 -119.2 6.1 -282.1 ND 17

(1) Annuities, including those in IRAs.

(2) Includes unallocated insurance company contracts beginning 1985:Q4.

(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(4) Excludes all individual retirement accounts (IRAs), except those at life insurance companies.

(5) Asset of the household and nonprofit organizations sector (table F.101). Figures for depositories (lines 12 and 13) include Keogh accounts. Variable annuities in IRAs are included

 in the life insurance sector (line 14) and excluded from the money market fund and mutual fund sectors (lines 15 and 16).

F.228 Taxes Payable by Businesses

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA893178005 Net change in taxes payable by all 276.3 7.2 14.6 16.2 33.5 213.7 -216.3 34.0 -73.5 1

 businesses

 2 FA103178005 Nonfinancial corporate business 211.1 -10.6 -6.8 13.2 54.7 167.3 -196.5 27.3 -36.7 2

 3 FA113178003 Nonfinancial noncorporate business 4.6 18.5 8.4 11.2 19.1 21.9 7.0 -3.1 14.9 3

 4 FA763178003 U.S.-chartered depository institutions 32.6 5.4 14.5 -11.2 -66.6 9.5 9.6 2.7 -67.2 4

 5 FA513178005 Property-casualty insurance companies 5.5 -0.7 -0.3 0.4 10.6 1.1 -14.5 4.6 6.6 5

 6 FA543178075 Life insurance companies 2.2 -2.9 0.4 0.9 10.1 4.9 -14.3 3.0 4.9 6

 7 FA613178005 Finance companies 10.4 -3.0 -0.4 -0.5 0.3 0.6 -2.9 0.0 1.0 7

 8 FA663178005 Brokers and dealers 9.8 0.6 -1.4 2.2 5.3 8.5 -4.6 -0.5 3.2 8

 9 FA893078005 Net change in business taxes receivable 225.6 34.5 -12.5 -0.8 -35.3 323.5 -321.3 29.8 -48.7 9

 10 FA313078000 Federal government 220.4 15.9 -20.9 -12.0 -51.8 304.3 -330.8 30.1 -60.3 10

 11 FA213078005 State and local governments 5.2 18.6 8.4 11.2 16.4 19.3 9.4 -0.3 11.6 11

 12 FA903078005 Discrepancy 50.6 -27.3 27.0 17.1 68.8 -109.8 105.1 4.1 -24.7 12

F.229 Proprietors’ Equity in Noncorporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA152090205 Total household investment 92.2 -32.4 14.9 35.6 71.5 119.3 -18.6 -29.9 27.3 1

 2 FA112090205 Nonfinancial noncorporate business 91.3 -42.0 9.7 28.7 66.1 104.7 -13.1 -42.9 13.5 2

 3 FA662090003 Brokers and dealers 1.0 9.5 5.2 6.9 5.3 14.6 -5.5 13.0 13.8 3
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F.230 Direct Investment

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA263192005 U.S. direct investment abroad (1, 2) 353.4 -169.4 118.9 118.0 -77.9 267.6 219.2 63.0 235.7 1

 Equity:

 2 FA263192101 Liab.: Rest of the world (1) 392.2 -218.1 173.5 174.7 59.6 202.3 318.1 118.7 284.0 2

 3 FA263192113 Equity (other than reinvested earnings) 42.0 72.0 17.4 42.7 57.3 105.0 30.9 -22.4 52.5 3

 4 FA263192125 Reinvested earnings 350.2 -290.1 156.1 132.0 2.4 97.4 287.2 141.1 231.4 4

 5 FA263192193 Of which: Current-cost adjustment 25.6 25.1 25.3 25.1 25.2 25.2 25.1 25.1 25.0 5

 6 FA103092105 Asset: Nonfinancial corporate business 343.2 -199.0 124.3 163.8 -16.3 216.1 301.2 154.1 324.9 6

 7 FA763092100 U.S.-chartered depository institutions 13.6 -0.7 11.8 -4.4 8.5 8.7 -10.1 -24.6 -37.4 7

 8 FA513092103 Property-casualty insurance companies 1.9 8.0 4.9 16.3 23.7 20.7 25.4 -4.4 1.7 8

 9 FA543092173 Life insurance companies 3.4 -11.3 -2.5 -1.4 5.3 -5.1 -4.7 -1.0 -5.7 9

 10 FA613092103 Finance companies 17.5 -10.8 15.1 -1.3 15.7 -21.8 7.3 -6.3 4.0 10

 11 FA663092103 Brokers and dealers 12.5 -4.3 20.0 1.7 22.9 -16.1 -1.0 1.0 -3.5 11

 Intercompany debt:

 12 FA263192305 Liab.: Rest of the world (1, 2) -38.8 48.8 -54.6 -56.7 -137.5 65.2 -98.9 -55.7 -48.2 12

 13 FA263192313 U.S. parents’ claims 11.0 42.9 15.0 -55.0 -143.4 -65.8 60.8 -71.7 98.8 13

 14 FA263092313 Less: U.S. parents’ liabilities 49.8 -5.8 69.7 1.7 -5.9 -131.0 159.7 -16.0 147.1 14

 15 FA103092305 Asset: Nonfinancial corporate business -32.7 41.3 -46.8 -49.0 -116.9 58.3 -86.5 -50.7 -39.5 15

 16 FA763092305 U.S.-chartered depository institutions -1.5 2.2 -2.2 -2.0 -5.4 2.3 -3.6 -1.5 -2.7 16

 17 FA513092305 Property-casualty insurance companies -0.8 1.3 -1.3 -1.0 -3.0 1.3 -1.4 -0.7 -1.2 17

 18 FA543092375 Life insurance companies -0.2 0.3 -0.3 -0.7 -1.6 0.7 -1.2 -0.7 -0.6 18

 19 FA613092305 Finance companies -1.5 2.3 -2.6 -2.2 -5.8 0.7 -2.5 -1.2 -2.1 19

 20 FA663092305 Brokers and dealers -2.1 1.4 -1.4 -1.9 -4.8 2.0 -3.8 -1.0 -2.1 20

 21 FA263092001 Foreign direct investment in U.S. (1) 315.0 243.4 282.1 177.1 172.2 99.2 158.7 278.2 320.5 21

 Equity:

 22 FA103192105 Liab.: Nonfinancial corporate business 281.1 249.2 227.6 215.3 173.8 148.1 167.9 371.5 305.7 22

 23 FA115114103 Nonfinancial noncorporate business 2.3 19.0 2.7 -1.6 0.2 3.3 -4.1 -5.7 -2.2 23

 24 FA753192103 Foreign banking offices in U.S. 8.0 14.6 3.7 4.3 -2.2 1.0 6.6 11.9 15.7 24

 25 FA513192103 Property-casualty insurance companies -3.5 11.5 2.4 0.5 4.1 -0.8 2.4 -3.7 2.8 25

 26 FA543192173 Life insurance companies 3.7 11.8 11.9 0.4 -2.2 4.7 -8.6 7.7 4.2 26

 27 FA613192103 Finance companies 0.4 9.2 7.3 0.3 -0.7 0.1 7.5 -5.7 9.4 27

 28 FA663192103 Brokers and dealers 30.4 -3.8 30.4 35.1 -145.2 109.2 44.2 132.1 -30.9 28

 29 FA733192103 Holding companies -20.4 32.7 4.4 -49.5 153.2 -145.9 -47.6 -157.6 36.4 29

 30 FA503192103 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 FA263092101 Asset: Rest of the world (1) 302.0 344.3 290.3 204.9 181.1 119.7 168.3 350.6 341.2 31

 32 FA263092113 Equity (other than reinvested earnings) 199.8 199.1 143.0 113.1 110.2 81.2 47.4 213.7 156.7 32

 33 FA263092125 Reinvested earnings 102.2 145.2 147.3 91.8 70.9 38.5 120.9 136.9 184.5 33

 34 FA263092193 Of which: Current-cost adjustment 19.7 20.0 20.6 20.8 20.8 20.8 20.8 20.8 20.8 34

 Intercompany debt:

 35 FA103192305 Liab.: Nonfinancial corporate business 0.4 -64.6 26.0 -57.0 -14.3 -61.2 -15.9 -136.4 -19.4 35

 36 FA115114305 Nonfinancial noncorporate business 0.1 2.0 -2.9 2.0 -0.0 -0.0 0.4 7.7 -0.6 36

 37 FA753192305 Foreign banking offices in U.S. -0.4 -7.5 -2.0 -0.8 -0.2 -0.9 -1.4 -0.7 -0.5 37

 38 FA513192305 Property-casualty insurance companies -0.5 -2.9 -2.0 1.2 -0.0 -0.1 -0.3 5.1 -1.0 38

 39 FA543192375 Life insurance companies 0.9 -3.6 -1.0 1.4 -0.0 -0.1 -1.1 6.9 -0.8 39

 40 FA613192305 Finance companies -0.1 -0.7 -1.9 2.2 -0.0 -0.0 -1.2 10.0 0.2 40

 41 FA663192305 Brokers and dealers 2.6 -3.2 0.3 3.6 -10.3 9.2 2.6 12.9 -2.8 41

 42 FA733192305 Holding companies 10.0 -20.3 -24.7 19.6 16.0 32.6 7.4 22.2 4.2 42

 43 FA503192305 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

 44 FA263092303 Asset: Rest of the world (1) 12.9 -100.8 -8.3 -27.8 -8.8 -20.4 -9.6 -72.4 -20.7 44

 45 FA263092323 U.S. affiliates’ liabilities 15.2 -76.9 -8.3 5.8 35.8 10.6 26.1 -49.3 -17.7 45

 46 FA263192323 Less: U.S. affiliates’ claims 2.2 23.9 -0.1 33.6 44.6 31.0 35.6 23.1 3.0 46

(1) Direct investment is presented on a directional basis and reported at market value.

(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
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72 Z.1, June 10, 2021

F.231 Total Miscellaneous Financial Claims

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893190005 Net change in liabilities -13.5 874.7 2118.7 1618.8 2589.4 1104.2 1081.9 1699.5 1914.5 1

 2 FA543077073 Household sector 1.8 1.9 1.5 0.1 10.2 -3.8 -1.7 -4.4 8.5 2

 3 FA103190005 Nonfinancial corporate business -320.3 650.6 1478.8 227.9 156.2 12.5 261.4 481.6 894.3 3

 4 FA113193003 Nonfinancial noncorporate business 104.4 93.6 78.7 62.5 111.8 98.7 74.1 -34.5 -10.1 4

 5 FA313190005 Federal government 19.0 -36.4 -16.7 336.3 -48.2 557.7 903.4 -67.8 43.0 5

 6 FA223073045 State and local governments 207.9 224.9 246.9 278.1 205.5 255.4 262.8 388.7 314.3 6

 7 FA713190005 Monetary authority 0.9 2.0 -0.1 4.0 -106.4 -145.0 146.2 121.0 -110.6 7

 8 FA763190005 U.S.-chartered depository institutions 55.9 -30.9 192.4 77.7 117.7 177.2 -207.0 222.7 -86.7 8

 9 FA753190005 Foreign banking offices in U.S. -6.2 27.0 -43.0 -7.1 178.7 -73.1 -69.8 -64.2 184.1 9

 10 FA743193005 Banks in U.S.-affiliated areas 0.3 -0.9 -0.3 0.2 0.4 1.8 2.3 -3.6 -2.2 10

 11 FA473193005 Credit unions 1.0 -0.0 1.2 3.8 30.7 6.7 -19.9 -2.2 28.5 11

 12 FA513190005 Property-casualty insurance companies 103.9 41.4 81.4 75.6 0.5 147.5 156.7 -2.1 215.2 12

 13 FA543190005 Life insurance companies 35.2 -3.8 80.7 137.2 448.2 12.9 -22.3 110.2 -14.4 13

 14 FA403190005 Government-sponsored enterprises 0.3 1.4 2.4 5.9 21.4 -72.5 51.7 23.2 -42.2 14

 15 FA613190005 Finance companies -15.1 -65.0 7.1 5.2 68.9 8.3 -23.9 -32.7 9.5 15

 16 FA643193005 REITs 4.8 16.1 -7.2 12.1 -4.9 10.2 25.9 17.2 14.6 16

 17 FA663190005 Brokers and dealers -53.0 -15.0 24.3 35.8 -314.1 192.4 112.4 152.6 219.4 17

 18 FA733193005 Holding companies -259.3 -84.0 -3.3 29.7 -290.7 86.3 97.9 225.5 7.1 18

 19 FA503190005 Other financial business 77.8 33.1 -12.0 346.8 625.3 285.1 216.0 260.8 219.6 19

 20 FA263190005 Rest of the world 27.0 18.7 5.9 -13.1 1378.2 -453.9 -884.2 -92.4 22.6 20

 21 FA893090005 Net change in assets 766.8 991.5 2357.3 1921.2 4279.6 1660.2 1103.3 641.7 2438.6 21

 22 FA153090005 Household sector 54.2 52.1 41.8 41.3 18.0 49.8 97.6 -0.3 94.7 22

 23 FA103090005 Nonfinancial corporate business 46.5 584.7 1404.0 455.6 345.3 -230.8 1409.3 298.7 1343.4 23

 24 FA113090005 Nonfinancial noncorporate business 416.4 192.4 195.3 235.7 167.8 440.9 440.6 -106.4 3.5 24

 25 FA213093003 State and local governments -15.0 18.3 -71.2 -8.4 -56.2 -1.7 10.9 13.5 54.1 25

 26 FA313090005 Federal government 10.9 15.0 7.0 122.0 11.9 460.4 8.4 7.3 -240.5 26

 27 FA713090005 Monetary authority 7.4 -10.8 -2.2 25.0 1427.3 -498.7 -811.4 -17.0 -66.7 27

 28 FA763090005 U.S.-chartered depository institutions -29.3 -59.0 20.4 156.7 421.2 65.8 360.6 -220.9 472.3 28

 29 FA753093005 Foreign banking offices in U.S. 33.7 -20.4 3.4 -2.2 105.1 -75.9 -21.2 -16.8 22.3 29

 30 FA743093005 Banks in U.S.-affiliated areas -8.4 1.4 -11.5 -5.1 -15.5 -10.1 4.8 0.5 30.2 30

 31 FA473090005 Credit unions 1.5 7.4 5.7 32.6 29.2 71.6 -12.5 42.2 -58.0 31

 32 FA513090005 Property-casualty insurance companies 19.3 26.4 5.5 14.5 206.5 -48.4 -24.7 -75.4 -14.8 32

 33 FA543090005 Life insurance companies -21.9 48.5 18.7 112.1 543.0 -137.3 -62.5 105.2 52.3 33

 34 FA573090005 Private pension funds 20.8 36.9 36.7 46.5 -45.4 77.9 82.2 71.4 54.2 34

 35 FA343073045 Federal government retirement funds 6.2 -51.9 -35.0 -21.2 -47.8 -68.4 5.5 26.0 -69.2 35

 36 FA223090005 State and local govt. retirement funds 265.1 221.3 397.0 215.8 114.8 470.4 2.1 275.8 420.2 36

 37 FA633093005 Money market funds -0.7 1.4 2.4 -0.0 123.3 235.2 -76.1 -282.5 69.0 37

 38 FA653093005 Mutual funds 38.0 -112.2 83.4 -61.3 288.3 -31.4 -422.1 -79.8 160.3 38

 39 FA563093003 Exchange-traded funds 1.6 1.7 8.4 43.7 46.2 94.9 55.9 -22.2 -19.6 39

 40 FA403093005 Government-sponsored enterprises -39.8 -15.7 32.1 62.3 91.3 79.5 65.8 12.8 38.3 40

 41 FA673090543 ABS issuers 12.0 3.1 6.2 19.0 23.4 17.7 21.7 13.2 31.8 41

 42 FA613090005 Finance companies -16.7 26.1 -2.9 9.6 60.6 17.5 -28.6 -11.2 -22.3 42

 43 FA643090005 REITs 12.9 21.0 2.6 11.6 55.9 -33.0 -13.2 36.5 38.5 43

 44 FA663090005 Brokers and dealers 27.5 -59.8 73.3 189.7 419.8 56.9 -25.2 307.5 -20.0 44

 45 FA733090005 Holding companies -44.4 -26.7 95.6 237.7 235.9 373.7 8.0 332.9 -152.2 45

 46 FA503094505 Other financial business -41.4 81.0 38.7 -10.0 -289.3 288.5 35.5 -74.7 211.1 46

 47 FA263076005 Rest of the world 10.4 9.1 2.0 -2.1 -1.1 -4.8 -7.9 5.2 5.7 47

 48 FA903090005 Discrepancy -780.2 -116.7 -238.6 -302.5 -1690.3 -556.0 -21.4 1057.8 -524.1 48
Transactions

Z.1, June 10, 2021 73

F.232 Identified Miscellaneous Financial Claims - Part I

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 Federal government equity in IBRD, etc.:

 1 FA313092803 Liab.: Rest of the world 1.5 1.3 1.4 1.8 5.2 0.0 0.9 1.3 -0.1 1

 2 FA313092803 Asset: Federal government 1.5 1.3 1.4 1.8 5.2 0.0 0.9 1.3 -0.1 2

 Federal Reserve Bank stock:

 3 FA713164003 Liab.: Monetary authority 0.9 0.9 -0.6 0.7 1.1 0.2 1.5 -0.1 0.4 3

 4 FA713164003 Asset: U.S.-chartered depository institutions 0.9 0.9 -0.6 0.7 1.1 0.2 1.5 -0.1 0.4 4

 Equity in govt.-sponsored enterprises:

 5 FA403192405 Liab.: Government-sponsored enterprises 4.2 1.1 -3.7 -6.8 25.9 -35.4 -9.0 -8.7 -2.3 5

 6 FA103092405 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.3 0.1 0.1 0.1 0.3 -0.3 -0.0 0.4 0.5 6

 7 FA113092405 Nonfinancial noncorporate (FCS) 2.6 0.2 0.3 0.2 -0.5 0.7 0.7 0.0 0.1 7

 8 FA313092403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA763092405 U.S.-chartered depository institutions (FHLB) 0.7 0.6 -4.5 -9.8 22.1 -37.9 -12.2 -11.4 -4.7 9

 10 FA473092403 Credit unions (FHLB) 0.6 -0.1 -0.0 -0.1 1.4 -1.5 0.2 -0.3 -0.2 10

 11 FA513092403 Property-casualty insurance companies (FHLB) 0.0 0.0 0.0 0.6 0.5 0.3 1.5 -0.1 -0.2 11

 12 FA543092473 Life insurance companies (FHLB) 0.4 0.5 0.6 2.7 3.2 3.9 1.2 2.7 2.3 12

 13 FA613092403 Finance companies -0.0 -0.2 0.0 -0.0 -0.0 -0.1 0.0 -0.0 -0.1 13

 14 FA643092473 Real estate investment trusts (FHLB) -0.4 -0.0 -0.0 -0.5 -1.0 -0.6 -0.3 -0.0 0.0 14

 Holding company net transactions with affiliates:

 15 FA763194735 Liab.: U.S.-chartered depository institutions 26.8 4.8 103.0 203.0 61.0 501.9 63.9 185.3 -237.0 15

 16 FA513194733 Property-casualty insurance companies 0.6 1.2 0.8 -3.9 -0.6 -19.3 4.4 -0.2 2.9 16

 17 FA543194733 Life insurance companies 2.5 -11.0 1.1 -5.9 -23.7 0.0 0.0 0.0 0.0 17

 18 FA613194733 Finance companies -6.1 -13.3 -4.8 -1.8 -3.4 -1.0 0.8 -3.7 -2.1 18

 19 FA663194735 Brokers and dealers -55.6 -23.2 21.5 81.4 264.0 -189.6 23.4 227.6 7.1 19

 20 FA263194735 Rest of the world -1.8 24.9 -1.2 -31.6 -46.3 69.1 -65.8 -83.5 70.2 20

 21 FA733094705 Asset: Holding companies -33.5 -16.6 120.4 241.1 251.0 361.2 26.7 325.5 -158.9 21

 NFC investment in finance company affiliates:

 22 FA103094105 Liab.: Finance companies 12.5 2.5 -0.6 -3.2 -5.0 -14.0 -15.9 22.3 -0.6 22

 23 FA103094105 Asset: Nonfinancial corporate business 12.5 2.5 -0.6 -3.2 -5.0 -14.0 -15.9 22.3 -0.6 23

 Other financial businesses’ investment in affiliates:

 24 FA753194503 Liab.: Foreign banking offices in U.S. -20.1 43.4 -3.5 -27.6 11.4 -43.7 -41.7 -36.3 169.2 24

 25 FA663194505 Brokers and dealers -21.4 37.7 42.3 17.6 -300.6 332.2 77.2 -38.4 41.9 25

 26 FA503094505 Asset: Other financial business -41.4 81.0 38.7 -10.0 -289.3 288.5 35.5 -74.7 211.1 26

 Equity investment under Public-Private Inv. Program:

 27 FA503194305 Liab.: Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FA153094305 Asset: Households (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FA313094303 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 Federal gov’t investment in Federal Reserve facilities:

 30 FA313094213 Liab.: Monetary authority 0.0 0.0 0.0 1.5 0.0 6.0 0.0 0.0 0.0 30

 31 FA503194205 Other financial business 0.0 0.0 0.0 112.5 0.0 450.0 0.0 0.0 -248.9 31

 32 FA313094205 Asset: Federal government 0.0 0.0 0.0 114.0 0.0 456.0 0.0 0.0 -248.9 32

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
Transactions

74 Z.1, June 10, 2021

F.233 Identified Miscellaneous Financial Claims - Part II

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 Nonofficial foreign currencies:

 1 FA263191103 Liab.: Rest of the world 6.5 -7.9 -0.5 14.2 1415.8 -523.2 -812.0 -24.0 -61.5 1

 2 FA313091105 Asset: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 2

 3 FA713091103 Monetary authority (1) 6.5 -7.9 -0.5 14.2 1415.8 -523.2 -812.0 -24.0 -61.5 3

 Postal Savings System deposits:

 4 FA313131003 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA313131003 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 FA403197033 Liab.: Government-sponsored enterprises -0.3 -0.2 2.8 4.9 18.6 3.0 -3.5 1.7 9.2 6

 7 FA403197033 Asset: U.S.-chartered depository institutions -0.3 -0.2 2.8 4.9 18.6 3.0 -3.5 1.7 9.2 7

 Paycheck Protection Program subsidies payable:

 8 FA313172003 Liab.: Federal government 0.0 0.0 0.0 353.0 0.0 628.4 892.6 -108.9 119.4 8

 9 FA163072003 Asset: Nonprofit organizations 0.0 0.0 0.0 8.1 0.0 19.1 27.0 -13.9 0.3 9

 10 FA103072005 Nonfinancial corporate business 0.0 0.0 0.0 259.3 0.0 390.7 555.1 91.5 155.6 10

 11 FA113072003 Nonfinancial noncorporate business 0.0 0.0 0.0 83.6 0.0 215.6 306.2 -187.2 -37.1 11

 12 FA613072003 Finance companies 0.0 0.0 0.0 2.0 0.0 3.0 4.3 0.7 0.6 12

 Funding agreements backing securities:

 13 FA673090543 Liab.: Life insurance companies (2) 12.0 3.1 6.2 19.0 23.4 17.7 21.7 13.2 31.8 13

 14 FA673090543 Asset: ABS issuers 12.0 3.1 6.2 19.0 23.4 17.7 21.7 13.2 31.8 14

 Deferred and unpaid life insurance premiums:

 15 FA543077073 Liab.: Household sector 1.8 1.9 1.5 0.1 10.2 -3.8 -1.7 -4.4 8.5 15

 16 FA543077073 Asset: Life insurance companies 1.8 1.9 1.5 0.1 10.2 -3.8 -1.7 -4.4 8.5 16

 Life insurance company reserves:

 17 FA543195005 Liab.: Life insurance companies 17.6 26.3 17.9 19.2 10.7 24.0 27.2 15.0 9.1 17

 18 FA263195105 Rest of the world -0.7 -1.5 0.8 5.8 5.1 7.4 4.9 5.8 -1.8 18

 19 FA153095105 Asset: Household sector 13.1 20.3 15.4 16.2 8.0 20.2 24.7 12.0 9.5 19

 20 FA543095105 Life insurance companies 3.9 4.5 3.3 8.8 7.7 11.3 7.4 8.8 -2.2 20

 Policy payables:

 21 FA513176005 Liab.: Property-casualty insurance companies 75.8 44.1 44.0 55.2 27.8 77.1 121.5 -5.5 134.0 21

 22 FA263176005 Rest of the world 21.4 1.8 5.5 -3.3 -1.6 -7.3 -12.2 8.1 15.7 22

 23 FA153076005 Asset: Household sector 31.6 17.9 12.0 8.8 -2.3 13.2 30.8 -6.7 70.4 23

 24 FA103076005 Nonfinancial corporate business 13.9 11.4 15.0 25.4 14.6 33.6 49.9 3.3 37.3 24

 25 FA113076005 Nonfinancial noncorporate business 4.1 -1.3 10.0 16.1 13.0 19.1 22.2 10.1 5.4 25

 26 FA513076005 Property-casualty insurance companies 37.2 8.8 10.5 3.8 1.9 8.6 14.3 -9.5 31.0 26

 27 FA263076005 Rest of the world 10.4 9.1 2.0 -2.1 -1.1 -4.8 -7.9 5.2 5.7 27

 Unallocated insurance company contracts:

 28 FA593095005 Liab.: Life insurance companies 7.7 -4.5 15.5 13.5 -15.2 23.0 22.4 23.7 -22.5 28

 29 FA573095005 Asset: Private pension funds -5.6 0.8 1.0 -1.7 -12.6 11.3 -4.9 -0.6 -12.4 29

 30 FA223095505 State and local government retirement funds 13.3 -5.4 14.5 15.2 -2.6 11.8 27.4 24.3 -10.1 30

 Pension fund contributions payable:

 31 FA573074005 Liab.: Nonfinancial corporate business 19.2 -34.6 -0.9 -7.1 12.5 -15.4 -11.7 -13.9 -6.3 31

 32 FA573074005 Asset: Private pension funds 19.2 -34.6 -0.9 -7.1 12.5 -15.4 -11.7 -13.9 -6.3 32

 Securities borrowed (net):

 33 FA663097005 Liab.: Other financial business 36.4 -18.9 1.7 68.1 234.1 12.8 -123.9 149.5 34.6 33

 34 FA663097005 Asset: Brokers and dealers 36.4 -18.9 1.7 68.1 234.1 12.8 -123.9 149.5 34.6 34

 Retiree health care funds:

 35 FA313195105 Liab.: Federal government (3) 9.6 13.9 14.4 8.2 12.3 -2.7 15.1 8.3 14.5 35

 36 FA313195105 Asset: Household sector 9.6 13.9 14.4 8.2 12.3 -2.7 15.1 8.3 14.5 36

 Claims of pension fund on sponsor:

 37 FA573073005 Liab.: Nonfinancial corporate business -67.0 80.1 -13.8 7.9 -65.7 28.3 44.3 24.8 30.2 37

 38 FA343073045 Federal government 6.2 -51.9 -35.0 -21.2 -47.8 -68.4 5.5 26.0 -69.2 38

 39 FA223073045 State and local governments 207.9 224.9 246.9 278.1 205.5 255.4 262.8 388.7 314.3 39

 40 FA573073005 Asset: Private pension funds -67.0 80.1 -13.8 7.9 -65.7 28.3 44.3 24.8 30.2 40

 41 FA343073045 Federal government retirement funds 6.2 -51.9 -35.0 -21.2 -47.8 -68.4 5.5 26.0 -69.2 41

 42 FA223073045 State and local govt. retirement funds 207.9 224.9 246.9 278.1 205.5 255.4 262.8 388.7 314.3 42

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities. Funding agreement-backed securities issued by foreign entities

 are included in foreign direct investment in the U.S. See tables F.133 and F.230.

(3) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
Transactions

Z.1, June 10, 2021 75

F.234 Unidentified Miscellaneous Financial Claims

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA893193005 Net change in liabilities -311.6 528.0 1656.1 465.3 754.8 -408.7 589.0 925.9 1553.5 1

 2 FA103193005 Nonfinancial corporate business -272.4 605.1 1493.4 227.1 209.4 -0.4 228.7 470.8 870.4 2

 3 FA113193003 Nonfinancial noncorporate business 104.4 93.6 78.7 62.5 111.8 98.7 74.1 -34.5 -10.1 3

 4 FA313193005 Federal government 3.2 1.6 3.9 -3.8 -12.7 0.4 -9.8 6.8 -21.6 4

 5 FA713193005 Monetary authority -0.0 1.1 0.5 1.8 -107.4 -151.2 144.7 121.1 -111.0 5

 6 FA763193005 U.S.-chartered depository institutions 29.1 -35.7 89.4 -125.4 56.7 -324.8 -270.9 37.4 150.3 6

 7 FA753193005 Foreign banking offices in U.S. 13.8 -16.4 -39.4 20.5 167.3 -29.5 -28.1 -28.0 14.9 7

 8 FA743193005 Banks in U.S.-affiliated areas 0.3 -0.9 -0.3 0.2 0.4 1.8 2.3 -3.6 -2.2 8

 9 FA473193005 Credit unions 1.0 -0.0 1.2 3.8 30.7 6.7 -19.9 -2.2 28.5 9

 10 FA513193005 Property-casualty insurance companies 27.6 -3.9 36.6 24.3 -26.7 89.6 30.7 3.6 78.3 10

 11 FA543193005 Life insurance companies -4.6 -17.7 40.0 91.4 452.9 -51.8 -93.7 58.2 -32.9 11

 12 FA403193005 Government-sponsored enterprises -3.6 0.6 3.2 7.8 -23.2 -40.1 64.1 30.3 -49.1 12

 13 FA613193005 Finance companies -21.5 -54.1 12.6 10.1 77.3 23.3 -8.7 -51.2 12.2 13

 14 FA643193005 REITs 4.8 16.1 -7.2 12.1 -4.9 10.2 25.9 17.2 14.6 14

 15 FA663193005 Brokers and dealers 24.0 -29.4 -39.4 -63.1 -277.5 49.8 11.8 -36.6 170.4 15

 16 FA733193005 Holding companies -259.3 -84.0 -3.3 29.7 -290.7 86.3 97.9 225.5 7.1 16

 17 FA503193005 Other financial business 41.5 52.0 -13.8 166.1 391.2 -177.8 339.9 111.2 433.9 17

 18 FA893093005 Net change in assets 468.6 644.7 1894.7 767.7 2445.1 147.3 610.4 -131.9 2077.6 18

 19 FA103093005 Nonfinancial corporate business 19.8 570.7 1389.6 174.0 335.4 -640.7 820.2 181.2 1150.6 19

 20 FA113093005 Nonfinancial noncorporate business 409.7 193.6 185.0 135.7 155.4 205.5 111.4 70.7 35.1 20

 21 FA313093003 Federal government 9.4 13.7 5.6 6.1 6.7 4.4 7.6 6.0 8.5 21

 22 FA213093003 State and local governments -15.0 18.3 -71.2 -8.4 -56.2 -1.7 10.9 13.5 54.1 22

 23 FA713093005 Monetary authority 0.9 -3.0 -1.7 10.9 11.5 24.4 0.5 7.0 -5.2 23

 24 FA763093005 U.S.-chartered depository institutions -30.7 -60.3 22.7 160.9 379.4 100.4 374.9 -211.1 467.5 24

 25 FA753093005 Foreign banking offices in U.S. 33.7 -20.4 3.4 -2.2 105.1 -75.9 -21.2 -16.8 22.3 25

 26 FA743093005 Banks in U.S.-affiliated areas -8.4 1.4 -11.5 -5.1 -15.5 -10.1 4.8 0.5 30.2 26

 27 FA473093005 Credit unions 0.8 7.6 5.7 32.7 27.8 73.1 -12.6 42.5 -57.8 27

 28 FA513093005 Property-casualty insurance companies -17.9 17.6 -5.0 10.1 204.0 -57.3 -40.5 -65.8 -45.6 28

 29 FA543093005 Life insurance companies -28.0 41.6 13.4 100.5 521.8 -148.6 -69.4 98.0 43.7 29

 30 FA573093005 Private pension funds 74.3 -9.4 50.4 47.5 20.4 53.7 54.5 61.2 42.6 30

 31 FA223093005 State and local govt. retirement funds 43.8 1.8 135.5 -77.5 -88.1 203.2 -288.1 -137.2 116.0 31

 32 FA633093005 Money market funds -0.7 1.4 2.4 -0.0 123.3 235.2 -76.1 -282.5 69.0 32

 33 FA653093005 Mutual funds 38.0 -112.2 83.4 -61.3 288.3 -31.4 -422.1 -79.8 160.3 33

 34 FA563093003 Exchange-traded funds 1.6 1.7 8.4 43.7 46.2 94.9 55.9 -22.2 -19.6 34

 35 FA403093005 Government-sponsored enterprises -39.8 -15.7 32.1 62.3 91.3 79.5 65.8 12.8 38.3 35

 36 FA613093005 Finance companies -16.7 26.2 -2.9 7.6 60.7 14.5 -33.0 -11.9 -22.8 36

 37 FA643093005 REITs 13.3 21.0 2.6 12.0 56.9 -32.4 -12.8 36.5 38.5 37

 38 FA663093005 Brokers and dealers -8.8 -40.9 71.6 121.6 185.7 44.1 98.7 158.0 -54.6 38

 39 FA733093005 Holding companies -10.8 -10.0 -24.8 -3.4 -15.1 12.5 -18.7 7.5 6.6 39

 40 FA903090005 Discrepancy -780.2 -116.7 -238.6 -302.5 -1690.3 -556.0 -21.4 1057.8 -524.1 40
Transactions

76 Z.1, June 10, 2021

F.7 Sector Discrepancies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA897005005 All sectors -791.5 -261.5 -727.0 -60.0 -941.3 -667.5 59.8 1309.1 28.5 1

 2 FA157005005 Household sector 30.5 -108.9 -552.8 -251.4 -959.8 -1225.5 1374.7 -194.8 1487.6 2

 3 FA107005005 Nonfinancial corporate business -356.7 -11.8 -454.6 -18.5 -743.5 582.9 -679.5 766.0 -43.5 3

 4 FA317005005 Federal government -58.7 -25.9 -24.3 -9.2 167.4 182.0 -767.0 380.7 -544.3 4

 5 FA217005005 State and local governments -132.7 -130.1 -13.3 25.1 -96.1 90.6 88.1 17.5 33.6 5

 6 FA797005005 Domestic financial sectors -352.2 -148.2 25.3 175.2 48.3 462.0 -218.8 409.3 -1075.4 6

 7 FA717005005 Monetary authority -3.0 5.0 -3.1 -3.3 -3.3 -3.4 -3.4 -3.3 -4.4 7

 8 FA767005005 U.S.-chartered depository institutions -172.3 74.0 26.8 -8.8 491.5 19.1 -468.5 -77.3 -638.7 8

 9 FA757005005 Foreign banking officed in U.S. -43.1 53.4 16.5 76.7 -9.0 263.1 -56.3 108.9 -39.3 9

 10 FA747005005 Banks in U.S.-affiliated areas -0.1 -0.8 2.1 2.3 6.0 1.9 2.6 -1.4 -7.3 10

 11 FA477005005 Credit unions 1.7 -0.4 1.3 -6.0 14.8 -15.5 -13.9 -9.4 -14.8 11

 12 FA517005005 Property-casualty insurance companies 20.7 1.3 114.7 95.1 -209.3 181.1 225.6 182.9 158.5 12

 13 FA547005005 Life insurance companies 13.5 -38.2 -17.3 1.4 -234.2 61.4 15.6 162.9 -143.1 13

 14 FA657005005 Mutual funds -68.1 -78.7 -48.4 -50.0 -50.0 -40.0 -55.0 -55.0 -55.0 14

 15 FA407005005 Government-sponsored enterprises 18.9 -20.5 8.2 45.7 39.0 -50.4 134.0 60.1 -234.2 15

 16 FA677005005 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA617005005 Finance companies -16.1 -4.3 -0.2 34.3 63.7 69.4 -6.0 10.3 22.2 17

 18 FA647005005 REITs -10.1 -39.6 34.6 25.2 86.4 -0.3 -3.2 17.9 -29.3 18

 19 FA667005005 Brokers and dealers 6.1 -21.8 33.1 28.2 -163.8 81.0 48.4 147.1 -70.1 19

 20 FA737005005 Holding companies -100.2 -77.5 -142.7 -65.5 16.6 -105.4 -38.8 -134.5 -19.9 20

 21 FA267005005 Rest of the world 78.3 163.4 292.7 18.9 642.4 -759.5 262.1 -69.5 170.6 21

F.8 Instrument Discrepancies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA907005005 All types -791.5 -261.5 -727.0 -60.0 -941.3 -667.5 59.8 1309.1 28.5 1

 2 FA903012005 Treasury currency -1.1 -0.6 -0.8 -0.4 -0.4 -0.3 -0.6 -0.3 -0.3 2

 3 FA903091005 Foreign deposits 126.1 175.9 32.7 73.7 780.6 -574.2 178.6 -90.2 -28.9 3

 4 FA904010005 Net interbank transactions -2.5 -14.8 -9.6 10.0 271.5 -309.7 82.1 -4.0 360.0 4

 5 FA902050005 Security repurchase agreements -221.7 -248.1 -257.8 56.7 -541.0 648.1 132.2 -12.5 228.1 5

 6 FA903020005 Mail floats -0.1 -0.6 -0.0 -0.5 -83.9 99.6 -96.5 78.8 -80.0 6

 7 FA903023005 Federal government -0.4 -0.5 0.5 -0.7 -83.3 98.3 -96.3 78.6 -80.3 7

 8 FA903028003 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA903029200 Private domestic 0.3 -0.2 -0.5 0.2 -0.6 1.3 -0.2 0.2 0.3 9

 10 FA903070005 Trade credit -88.2 -82.0 -261.8 64.2 148.5 126.3 52.8 -71.0 -278.7 10

 11 FA903078005 Taxes payable 50.6 -27.3 27.0 17.1 68.8 -109.8 105.1 4.1 -24.7 11

 12 FA903090005 Miscellaneous -780.2 -116.7 -238.6 -302.5 -1690.3 -556.0 -21.4 1057.8 -524.1 12

 13 FA906000105 Nonfinancial 125.6 52.8 -18.0 21.8 104.9 8.5 -372.4 346.3 377.2 13

 Nonfinancial components (sign reversed):

 14 FA087005005 Statistical discrepancy (NIPA) -131.4 -58.0 12.8 -27.0 -110.2 -13.4 367.2 -351.6 -382.7 14

 15 FA156600075 Contr. for govt. soc. insur., U.S. affiliated areas 5.2 5.2 5.2 5.2 5.3 5.0 5.2 5.3 5.5 15
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L.100 Domestic Nonfinancial Sectors (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL384090005 Total financial assets 113095.2 114215.7 129323.8 145119.0 122725.6 132878.8 137349.4 145119.0 149261.1 1

 2 FL313011005 U.S. official reserve assets 91.0 93.9 97.8 111.7 96.4 102.2 106.5 111.7 107.0 2

 3 FL383091005 Foreign deposits 255.7 148.3 172.0 186.9 161.8 188.3 206.5 186.9 186.6 3

 4 FL383020005 Checkable deposits and currency 2925.2 3254.7 3404.4 7303.5 3942.5 5955.9 6252.4 7303.5 7132.9 4

 5 FL383030005 Time and savings deposits 10812.6 11301.9 11927.6 12739.6 12445.8 13148.8 13252.7 12739.6 13180.8 5

 6 FL383034005 Money market fund shares 2239.0 2389.4 2914.6 3426.5 3483.7 3712.4 3505.8 3426.5 3561.5 6

 7 FL382051005 Security repurchase agreements 203.3 179.5 176.9 218.7 188.8 206.7 209.2 218.7 212.8 7

 8 FL384022005 Debt securities 6268.9 6996.7 7762.7 7550.1 7526.1 7561.4 7366.9 7550.1 7008.3 8

 9 FL383069105 Open market paper 201.4 240.3 295.1 347.8 304.3 303.0 323.7 347.8 326.8 9

 10 FL383061105 Treasury securities 1994.4 2542.9 2950.6 2983.2 2581.2 2712.0 2790.5 2983.2 2846.0 10

 11 FL383061705 Agency- and GSE-backed securities 964.8 1124.9 1253.8 775.5 1295.8 970.1 876.0 775.5 545.4 11

 12 FL383062005 Municipal securities 1937.8 1908.9 1948.2 1970.7 1925.2 1949.2 1956.2 1970.7 1938.7 12

 13 FL383063005 Corporate and foreign bonds 1170.5 1179.6 1314.8 1472.9 1419.6 1627.0 1420.5 1472.9 1351.5 13

 14 FL384023005 Loans 2847.9 2935.7 3064.7 3441.1 3247.0 3345.1 3400.1 3441.1 3490.8 14

 15 FL383069005 Other loans and advances 1083.7 1082.0 1131.4 1437.2 1285.5 1373.7 1402.7 1437.2 1457.1 15

 16 FL383065005 Mortgages 547.3 549.6 550.6 560.1 549.6 555.2 557.5 560.1 562.9 16

 17 FL383066005 Consumer credit 1217.0 1304.0 1382.7 1443.8 1411.8 1416.3 1439.9 1443.8 1470.8 17

 18 LM383064105 Corporate equities 20108.1 18262.5 23384.6 28656.4 18205.4 22294.0 24527.4 28656.4 31173.0 18

 19 LM383064205 Mutual fund shares 9038.5 8350.9 10462.1 11704.2 8553.9 9931.6 10566.5 11704.2 12159.8 19

 20 FL383070005 Trade receivables 4447.1 4933.0 5546.0 5674.5 5456.3 5269.2 5502.3 5674.5 5897.1 20

 21 FL153040005 Life insurance reserves 1626.6 1659.1 1731.3 1867.0 1733.7 1776.1 1811.9 1867.0 1854.2 21

 22 FL153050005 Pension entitlements 25898.8 25745.0 27729.3 29466.2 26469.3 27737.1 28369.1 29466.2 29875.9 22

 23 FL383078005 Taxes payable 354.4 409.8 556.8 626.8 598.8 643.5 632.3 626.8 660.6 23

 24 LM152090205 Equity in noncorporate business 10860.6 11332.9 12116.2 12908.1 12216.4 12408.4 12603.7 12908.1 13113.9 24

 25 LM103092005 U.S. direct investment abroad 6722.7 5438.6 6514.5 6857.5 4979.3 5809.9 6121.4 6857.5 7180.0 25

 26 FL383090005 Miscellaneous assets 8394.9 10783.9 11762.3 12380.4 13420.6 12788.2 12914.6 12380.4 12465.7 26

 27 FL384190005 Total liabilities 69623.1 73511.0 77968.6 85420.4 79965.3 83309.5 84514.8 85420.4 86594.2 27

 28 LM313111303 U.S. official reserve assets 50.3 49.1 48.8 50.9 48.2 48.6 49.7 50.9 50.1 28

 29 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 29

 30 FL313112003 Treasury currency 24.0 23.7 23.2 23.1 23.2 23.2 23.1 23.1 23.1 30

 31 FL384122005 Debt securities 25961.3 27451.6 28902.3 34245.8 29646.1 32878.4 33484.0 34245.8 34745.4 31

 32 FL103169100 Open market paper 206.7 196.5 194.5 132.2 243.1 166.1 122.2 132.2 144.0 32

 33 FL313161105 Treasury securities 16430.9 17842.1 19018.7 23600.9 19518.4 22370.7 22900.4 23600.9 23943.0 33

 34 FL313161705 Agency- and GSE-backed securities 24.4 22.9 21.2 20.2 21.2 21.0 20.2 20.2 19.8 34

 35 FL383162005 Municipal securities 3904.0 3846.3 3866.4 3950.1 3872.1 3891.8 3926.1 3950.1 3977.3 35

 36 FL103163003 Corporate and foreign bonds 5395.4 5543.8 5801.4 6542.4 5991.2 6428.9 6515.1 6542.4 6661.3 36

 37 FL384123005 Loans 23328.0 24471.1 25458.8 26906.7 26109.7 26395.5 26593.1 26906.7 27218.9 37

 38 FL383168005 Depository institution loans n.e.c. 2586.1 2807.3 2865.0 3136.6 3320.9 3449.6 3245.4 3136.6 3146.0 38

 39 FL383169005 Other loans and advances 2241.4 2419.2 2581.0 3027.4 2687.4 2744.2 2875.7 3027.4 3171.5 39

 40 FL383165005 Mortgages 14669.8 15237.6 15820.2 16554.9 15953.2 16103.8 16328.1 16554.9 16738.2 40

 41 FL153166000 Consumer credit 3830.8 4007.0 4192.6 4187.8 4148.2 4097.9 4143.9 4187.8 4163.2 41

 42 FL383170005 Trade payables 4580.6 5038.0 5404.5 5616.1 5319.0 5164.6 5430.8 5616.1 5719.6 42

 43 FL313140003 Life insurance reserves 51.1 51.3 52.2 52.4 52.0 52.0 52.4 52.4 52.7 43

 44 FL143178005 Taxes payable 414.4 422.3 423.9 448.3 454.1 488.4 444.5 448.3 454.2 44

 45 LM143192305 Foreign direct investment: intercompany debt 462.6 419.3 466.3 359.4 450.2 396.7 391.4 359.4 354.4 45

 46 FL383190005 Miscellaneous liabilities 14745.6 15579.4 17183.4 17712.5 17857.6 17857.0 18040.8 17712.5 17970.7 46

 Memo:

 47 LM103164103 Corporate equities (market value) 28747.5 26543.6 33680.3 42213.4 27002.7 33391.1 36934.5 42213.4 45115.2 47

 48 LM112090205 Equity in noncorporate business 10791.9 11254.7 12032.7 12817.8 12131.6 12320.0 12516.6 12817.8 13020.1 48

 49 LM143192105 Foreign direct investment: equity 6108.5 5855.0 7711.0 8834.1 6166.8 7378.3 8026.8 8834.1 9469.7 49

(1) Sum of domestic nonfinancial sectors shown on tables L.101 through L.107.
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L.101 Households and Nonprofit Organizations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL154090005 Total financial assets 84035.4 83318.4 94336.1 105535.4 87167.6 94753.9 98321.7 105535.4 109562.2 1

 2 LM153091003 Foreign deposits 39.1 42.0 41.0 46.6 50.4 44.0 47.9 46.6 47.7 2

 3 FL153020005 Checkable deposits and currency 1295.0 1208.7 1180.3 2886.9 1325.5 1601.6 1744.8 2886.9 3355.3 3

 4 FL153030005 Time and savings deposits 9233.8 9661.4 10194.2 10807.7 10533.4 11161.3 11267.0 10807.7 11187.6 4

 5 FL153034005 Money market fund shares 1617.9 1799.0 2219.4 2595.1 2417.8 2689.9 2665.0 2595.1 2783.2 5

 6 LM154022005 Debt securities 4391.1 5079.5 5653.1 5116.9 5286.7 5166.4 4976.7 5116.9 4639.7 6

 7 LM153061105 Treasury securities 1094.2 1647.6 1963.3 1677.7 1500.1 1450.4 1522.6 1677.7 1539.5 7

 8 LM153061705 Agency- and GSE-backed securities 436.3 593.5 698.5 290.5 710.4 434.8 366.6 290.5 100.7 8

 9 LM153062005 Municipal securities 1897.8 1868.0 1901.4 1920.5 1878.8 1900.7 1906.8 1920.5 1888.3 9

 10 LM153063005 Corporate and foreign bonds 962.8 970.5 1089.9 1228.1 1197.4 1380.5 1180.6 1228.1 1111.2 10

 11 FL154023005 Loans 993.3 976.9 1010.1 1120.9 1165.4 1137.2 1098.9 1120.9 1132.6 11

 12 FL153069005 Other loans and advances (2) 867.7 861.0 900.4 1019.0 1058.1 1032.4 995.4 1019.0 1031.8 12

 13 FL153065005 Mortgages 90.4 84.6 82.1 76.6 80.8 79.1 78.0 76.6 75.7 13

 14 FL163066223 Consumer credit (student loans) 35.2 31.3 27.7 25.3 26.5 25.7 25.5 25.3 25.0 14

 15 LM153064105 Corporate equities (3) 17974.1 16301.7 20860.6 25890.9 16210.9 19940.6 22014.6 25890.9 28284.8 15

 16 LM153064205 Mutual fund shares 8656.9 8005.0 10044.1 11223.4 8199.9 9520.8 10129.1 11223.4 11661.1 16

 17 FL163070005 Trade receivables 255.4 262.1 269.7 277.6 271.7 273.6 275.6 277.6 279.5 17

 18 FL153040005 Life insurance reserves 1626.6 1659.1 1731.3 1867.0 1733.7 1776.1 1811.9 1867.0 1854.2 18

 19 FL153050005 Pension entitlements (4) 25898.8 25745.0 27729.3 29466.2 26469.3 27737.1 28369.1 29466.2 29875.9 19

 20 FL593073005 Claims of pension fund on sponsor 6020.6 6703.7 5945.6 5742.4 6913.5 6493.9 6288.4 5742.4 5775.9 20

 21 FL153050025 Funded pension entitlements 19878.2 19041.3 21783.7 23723.8 19555.8 21243.3 22080.8 23723.8 24100.0 21

 22 LM152090205 Equity in noncorporate business 10860.6 11332.9 12116.2 12908.1 12216.4 12408.4 12603.7 12908.1 13113.9 22

 23 FL153090005 Miscellaneous assets 1193.0 1245.1 1286.9 1328.2 1286.6 1296.8 1317.5 1328.2 1346.8 23

 24 FL154190005 Total liabilities 15420.5 15905.6 16420.7 17056.0 16489.6 16503.1 16768.0 17056.0 17243.6 24

 25 FL163162003 Debt securities (municipal securities) 217.5 215.1 211.8 202.1 208.9 206.6 205.3 202.1 202.1 25

 26 FL154123005 Loans 14814.0 15290.5 15799.3 16436.1 15866.5 15881.2 16145.8 16436.1 16619.5 26

 27 FL153165105 One-to-four-family residential mortgages (5) 9928.8 10204.4 10482.4 10924.7 10543.7 10626.1 10784.6 10924.7 11041.5 27

 28 FL153166000 Consumer credit 3830.8 4007.0 4192.6 4187.8 4148.2 4097.9 4143.9 4187.8 4163.2 28

 29 FL153168005 Depository institution loans n.e.c. (6) 299.1 339.0 350.0 370.3 383.9 378.5 364.4 370.3 369.0 29

 30 FL153169005 Other loans and advances 495.9 471.0 495.9 665.9 510.1 495.8 567.9 665.9 756.1 30

 31 FL163165505 Commercial mortgages 259.4 269.1 278.4 287.4 280.7 282.9 285.2 287.4 289.7 31

 32 FL163170005 Trade payables 355.9 365.0 373.1 381.3 375.1 377.2 379.2 381.3 383.3 32

 33 FL543077073 Deferred and unpaid life insurance premiums 33.1 35.0 36.5 36.6 39.0 38.1 37.7 36.6 38.7 33

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary balance sheet table B.101.n shows estimates of annual year-end outstandings of nonprofit organizations.

(2) Includes cash accounts at brokers and dealers and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(3) Directly held corporate equities, including closed-end fund, exchange-traded fund, and real estate investment trust shares.

(4) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs and at life insurance companies. Excludes social security.

(5) Includes loans made under home equity lines of credit and home equity loans secured by junior liens (table L.218, line 23).

(6) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF I).
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L.102 Nonfinancial Business (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL144090005 Total financial assets 23538.3 24973.7 28670.0 31057.2 29039.5 29903.0 30603.6 31057.2 31728.0 1

 2 FL103091003 Foreign deposits 216.6 106.3 131.0 140.4 111.3 144.3 158.5 140.4 139.0 2

 3 FL143020005 Checkable deposits and currency 1257.7 1507.2 1677.8 2454.6 1955.8 2461.6 2544.6 2454.6 2411.6 3

 4 FL143030005 Time and savings deposits 1181.4 1235.1 1308.0 1517.3 1480.1 1555.7 1550.1 1517.3 1577.4 4

 5 FL143034005 Money market fund shares 599.3 570.7 668.7 796.9 1033.5 987.2 806.5 796.9 742.6 5

 6 FL102051003 Security repurchase agreements 39.6 14.6 13.4 35.8 27.4 32.4 30.3 35.8 23.7 6

 7 LM144022005 Debt securities 311.1 329.0 406.7 472.8 457.1 481.1 478.7 472.8 428.6 7

 8 FL103069100 Commercial paper 123.7 162.1 217.6 261.1 227.8 220.4 238.9 261.1 236.1 8

 9 LM143061105 Treasury securities 140.3 124.6 137.7 155.1 168.7 192.3 176.6 155.1 140.1 9

 10 LM103061703 Agency- and GSE-backed securities 23.8 18.1 21.2 25.1 30.7 37.6 32.1 25.1 21.3 10

 11 LM143062005 Municipal securities 23.3 24.2 30.2 31.5 29.9 30.8 31.2 31.5 31.0 11

 12 FL144023005 Loans 116.4 119.7 124.0 130.4 125.1 127.8 129.3 130.4 130.0 12

 13 FL143065005 Mortgages 80.2 83.2 88.2 94.6 90.4 93.0 94.3 94.6 95.3 13

 14 FL143066005 Consumer credit 36.2 36.5 35.8 35.8 34.7 34.8 35.1 35.8 34.7 14

 15 LM103064103 Corporate equities 1949.3 1789.9 2317.7 2531.0 1826.0 2156.6 2302.7 2531.0 2642.2 15

 16 LM103064203 Mutual fund shares 301.0 269.9 326.4 376.4 276.9 321.6 342.8 376.4 390.7 16

 17 FL143070005 Trade receivables 3919.3 4365.3 4953.5 5052.5 4869.0 4683.9 4897.0 5052.5 5257.4 17

 18 LM103092005 U.S. direct investment abroad 6722.7 5438.6 6514.5 6857.5 4979.3 5809.9 6121.4 6857.5 7180.0 18

 19 FL143090005 Miscellaneous assets 6923.9 9227.5 10228.4 10691.5 11898.0 11140.8 11241.7 10691.5 10804.8 19

 20 FL144190005 Total liabilities 27084.6 28724.8 31726.0 33615.9 32527.9 33052.5 33318.7 33615.9 34135.3 20

 21 FL104122005 Debt securities 6169.9 6303.8 6573.5 7257.4 6814.5 7176.3 7219.6 7257.4 7387.4 21

 22 FL103169100 Commercial paper 206.7 196.5 194.5 132.2 243.1 166.1 122.2 132.2 144.0 22

 23 FL103162000 Municipal securities 567.8 563.5 577.6 582.8 580.2 581.3 582.2 582.8 582.1 23

 24 FL103163003 Corporate bonds 5395.4 5543.8 5801.4 6542.4 5991.2 6428.9 6515.1 6542.4 6661.3 24

 25 FL144123005 Loans 8343.4 9160.6 9638.4 10448.5 10222.0 10493.0 10425.4 10448.5 10577.2 25

 26 FL143168005 Depository institution loans n.e.c. 2286.9 2468.2 2515.0 2766.3 2937.1 3071.1 2881.0 2766.3 2777.0 26

 27 FL143169005 Other loans and advances 1574.8 1928.2 2064.0 2339.4 2156.1 2227.1 2286.0 2339.4 2393.2 27

 28 FL143165005 Mortgages 4481.7 4764.2 5059.4 5342.8 5128.8 5194.8 5258.4 5342.8 5407.0 28

 29 FL143170005 Trade payables 2962.9 3289.0 3562.0 3698.2 3464.3 3305.7 3541.0 3698.2 3770.9 29

 30 FL143178005 Taxes payable 414.4 422.3 423.9 448.3 454.1 488.4 444.5 448.3 454.2 30

 31 LM143192305 Foreign direct investment: intercompany debt 462.6 419.3 466.3 359.4 450.2 396.7 391.4 359.4 354.4 31

 32 FL143190005 Miscellaneous liabilities 8731.4 9129.9 11061.8 11404.0 11122.8 11192.5 11296.8 11404.0 11591.3 32

 Memo:

 33 LM103164103 Corporate equities (market value) 28747.5 26543.6 33680.3 42213.4 27002.7 33391.1 36934.5 42213.4 45115.2 33

 34 LM112090205 Equity in noncorporate business 10791.9 11254.7 12032.7 12817.8 12131.6 12320.0 12516.6 12817.8 13020.1 34

 35 LM143192105 Foreign direct investment: equity 6108.5 5855.0 7711.0 8834.1 6166.8 7378.3 8026.8 8834.1 9469.7 35

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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L.103 Nonfinancial Corporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL104090005 Total financial assets 18000.6 19128.1 22489.7 24348.5 22665.5 23289.3 23871.0 24348.5 24882.8 1

 2 FL103091003 Foreign deposits 216.6 106.3 131.0 140.4 111.3 144.3 158.5 140.4 139.0 2

 3 FL103020000 Checkable deposits and currency 951.7 1189.7 1339.9 2012.6 1559.9 2017.3 2102.2 2012.6 1909.9 3

 4 FL103030003 Time and savings deposits 181.3 187.2 201.5 288.3 298.9 316.9 314.8 288.3 277.1 4

 5 FL103034000 Money market fund shares 499.5 466.1 558.3 677.9 919.6 868.9 686.8 677.9 628.5 5

 6 FL102051003 Security repurchase agreements 39.6 14.6 13.4 35.8 27.4 32.4 30.3 35.8 23.7 6

 7 LM104022005 Debt securities 236.0 253.2 326.6 386.5 374.5 395.3 391.9 386.5 346.5 7

 8 FL103069100 Commercial paper 123.7 162.1 217.6 261.1 227.8 220.4 238.9 261.1 236.1 8

 9 LM103061103 Treasury securities 71.3 54.4 63.6 75.2 92.2 112.9 96.2 75.2 64.0 9

 10 LM103061703 Agency- and GSE-backed securities 23.8 18.1 21.2 25.1 30.7 37.6 32.1 25.1 21.3 10

 11 LM103062003 Municipal securities 17.2 18.5 24.2 25.1 23.8 24.4 24.7 25.1 25.0 11

 12 FL104023005 Loans 68.5 70.7 72.2 74.6 71.7 72.4 73.2 74.6 74.1 12

 13 FL103065003 Mortgages 32.2 34.2 36.4 38.8 37.0 37.6 38.2 38.8 39.4 13

 14 FL103066005 Consumer credit 36.2 36.5 35.8 35.8 34.7 34.8 35.1 35.8 34.7 14

 15 LM103064103 Corporate equities 1949.3 1789.9 2317.7 2531.0 1826.0 2156.6 2302.7 2531.0 2642.2 15

 16 LM103064203 Mutual fund shares 301.0 269.9 326.4 376.4 276.9 321.6 342.8 376.4 390.7 16

 17 FL103070005 Trade receivables 3116.4 3512.7 4053.2 4105.2 3957.3 3758.6 3960.4 4105.2 4296.2 17

 18 LM103092005 U.S. direct investment abroad (1) 6722.7 5438.6 6514.5 6857.5 4979.3 5809.9 6121.4 6857.5 7180.0 18

 19 FL103090005 Miscellaneous assets 3718.2 5829.3 6634.9 6862.3 8262.6 7395.2 7385.9 6862.3 6974.8 19

 20 FL103076005 Insurance receivables 365.6 377.0 392.0 417.3 395.6 404.0 416.5 417.3 426.7 20

 21 FL103092405 Equity in GSEs 1.2 1.2 1.3 1.4 1.4 1.3 1.3 1.4 1.5 21

 22 FL103094105 Investment in finance company affiliates 110.7 113.2 112.5 109.4 111.3 107.8 103.8 109.4 109.2 22

 23 FL103072005 PPP subsidies receivable 0.0 0.0 0.0 259.3 0.0 97.7 236.4 259.3 298.2 23

 24 FL103093005 Other 3240.7 5337.9 6129.1 6074.9 7754.3 6784.4 6627.8 6074.9 6139.2 24

 25 FL104190005 Total liabilities 19142.9 20371.9 22974.3 24313.3 23586.9 23891.8 24023.5 24313.3 24675.6 25

 26 FL104122005 Debt securities 6169.9 6303.8 6573.5 7257.4 6814.5 7176.3 7219.6 7257.4 7387.4 26

 27 FL103169100 Commercial paper 206.7 196.5 194.5 132.2 243.1 166.1 122.2 132.2 144.0 27

 28 FL103162000 Municipal securities (2) 567.8 563.5 577.6 582.8 580.2 581.3 582.2 582.8 582.1 28

 29 FL103163003 Corporate bonds (1) 5395.4 5543.8 5801.4 6542.4 5991.2 6428.9 6515.1 6542.4 6661.3 29

 30 FL104123005 Loans 2800.7 3326.2 3532.7 3862.1 3961.3 3999.5 3845.2 3862.1 3848.8 30

 31 FL103168005 Depository institution loans n.e.c. 899.6 1003.0 1033.8 1132.2 1368.0 1361.7 1164.3 1132.2 1056.2 31

 32 FL103169005 Other loans and advances (3) 1364.8 1709.7 1837.7 2025.9 1924.2 1957.6 1992.0 2025.9 2076.5 32

 33 FL103165005 Mortgages 536.4 613.5 661.2 704.0 669.1 680.2 688.9 704.0 716.2 33

 34 FL103170005 Trade payables 2369.7 2690.4 2920.5 3061.9 2821.1 2705.6 2913.6 3061.9 3120.6 34

 35 FL103178005 Taxes payable 277.2 266.7 259.9 273.1 285.3 314.1 268.4 273.1 275.2 35

 36 LM103192305 Foreign direct investment: intercompany debt 459.8 414.5 464.2 355.5 448.1 394.8 389.3 355.5 350.6 36

 37 FL103190005 Miscellaneous liabilities 7065.5 7370.4 9223.6 9503.3 9256.6 9301.6 9387.4 9503.3 9693.0 37

 38 FL573074005 Pension fund contributions payable 119.3 84.7 83.8 76.7 87.0 83.1 80.2 76.7 75.1 38

 39 FL573073005 Claims of pension fund on sponsor 326.7 590.0 175.7 147.1 531.1 335.2 273.0 147.1 140.3 39

 40 FL103193005 Other 6619.6 6695.6 8964.0 9279.4 8638.5 8883.3 9034.2 9279.4 9477.6 40

 Memo:

 41 LM103164103 Corporate equities (market value) 28747.5 26543.6 33680.3 42213.4 27002.7 33391.1 36934.5 42213.4 45115.2 41

 42 LM103192105 Foreign direct investment: equity 6080.1 5801.4 7681.0 8758.6 6142.8 7349.3 7993.7 8758.6 9394.4 42

 43 FL104001005 Total liquid assets (4) 4374.9 4276.8 5214.8 6448.9 5394.6 6253.3 6330.1 6448.9 6357.7 43

 44 FL104150005 Total short-term liabilities (5) 5117.9 5866.3 6246.4 6625.3 6641.7 6505.1 6460.5 6625.3 6672.5 44

 45 FL104001006 Liquid assets/short-term liabilities (percent) 85.48 72.91 83.49 97.34 81.22 96.13 97.98 97.34 95.28 45

 46 FL104140006 Short-term debt/total debt (percent) (6) 27.55 30.21 30.34 29.59 32.81 31.19 29.63 29.59 29.16 46

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.

(3) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216.

(4) Sum of lines 2 through 7 and lines 15 and 16.

(5) Sum of lines 27, 31, 32, 34, and 35. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(6) Short-term debt is the sum of lines 27, 31, and 32. Total debt is the sum of lines 26 and 30.
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L.104 Nonfinancial Noncorporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL114090005 Total financial assets 5537.6 5845.6 6180.4 6708.7 6374.0 6613.7 6732.6 6708.7 6845.2 1

 2 FL113020005 Checkable deposits and currency 306.0 317.5 338.0 442.0 395.9 444.3 442.4 442.0 501.7 2

 3 FL113030003 Time and savings deposits 1000.1 1047.9 1106.5 1229.0 1181.2 1238.9 1235.2 1229.0 1300.3 3

 4 FL113034003 Money market fund shares 99.8 104.6 110.4 119.1 113.9 118.3 119.7 119.1 114.1 4

 5 LM114022005 Debt securities 75.1 75.8 80.0 86.3 82.6 85.8 86.8 86.3 82.1 5

 6 LM113061003 Treasury securities 69.0 70.2 74.1 79.9 76.5 79.4 80.4 79.9 76.1 6

 7 LM113062003 Municipal securities 6.0 5.6 5.9 6.4 6.1 6.4 6.4 6.4 6.0 7

 8 FL114023005 Loans 48.0 49.0 51.7 55.8 53.4 55.5 56.1 55.8 55.9 8

 9 FL113065005 Mortgages 48.0 49.0 51.7 55.8 53.4 55.5 56.1 55.8 55.9 9

 10 FL113066003 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 FL113070003 Trade receivables 802.9 852.6 900.3 947.3 911.7 925.3 936.6 947.3 961.1 11

 12 FL113090005 Miscellaneous assets 3205.8 3398.2 3593.5 3829.2 3635.4 3745.6 3855.8 3829.2 3830.0 12

 13 FL113076005 Insurance receivables 120.4 119.0 129.0 145.1 132.3 137.0 142.6 145.1 146.5 13

 14 FL113092405 Equity investment in GSEs (1) 12.3 12.5 12.8 13.0 12.6 12.8 13.0 13.0 13.0 14

 15 FL113072003 PPP subsidies receivable 0.0 0.0 0.0 83.6 0.0 53.9 130.5 83.6 74.4 15

 16 FL113093005 Other 3073.1 3266.7 3451.7 3587.4 3490.5 3541.9 3569.7 3587.4 3596.2 16

 17 FL114190005 Total liabilities 7941.7 8352.9 8751.6 9302.6 8941.0 9160.7 9295.2 9302.6 9459.7 17

 18 FL114123005 Loans 5542.7 5834.4 6105.7 6586.4 6260.7 6493.5 6580.3 6586.4 6728.4 18

 19 FL113168005 Depository institution loans n.e.c. 1387.3 1465.2 1481.2 1634.1 1569.1 1709.4 1716.8 1634.1 1720.9 19

 20 FL113169005 Other loans and advances 210.0 218.4 226.3 313.5 231.9 269.5 294.0 313.5 316.7 20

 21 FL113165005 Mortgages 3945.3 4150.7 4398.2 4638.8 4459.7 4514.6 4569.6 4638.8 4690.8 21

 22 FL113170005 Trade payables 593.3 598.6 641.5 636.3 643.2 600.2 627.5 636.3 650.3 22

 23 FL113178003 Taxes payable 137.2 155.6 164.0 175.2 168.8 174.3 176.0 175.2 179.0 23

 24 LM115114305 Foreign direct investment: intercompany debt 2.7 4.9 2.2 3.9 2.1 1.9 2.0 3.9 3.8 24

 25 FL113193003 Miscellaneous liabilities 1665.9 1759.5 1838.2 1900.8 1866.2 1890.9 1909.4 1900.8 1898.2 25

 Memo:

 26 LM112090205 Equity in noncorporate business 10791.9 11254.7 12032.7 12817.8 12131.6 12320.0 12516.6 12817.8 13020.1 26

 27 LM115114103 Foreign direct investment: equity 28.5 53.7 30.0 75.5 24.0 29.0 33.2 75.5 75.3 27

(1) Equity in the Farm Credit System.
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82 Z.1, June 10, 2021

L.105 General Government (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL364090005 Total financial assets 5521.5 5923.6 6317.7 8526.4 6518.5 8221.9 8424.1 8526.4 7970.9 1

 2 FL313011005 U.S. official reserve assets 91.0 93.9 97.8 111.7 96.4 102.2 106.5 111.7 107.0 2

 3 FL363020005 Checkable deposits and currency 372.5 538.8 546.3 1962.0 661.3 1892.7 1963.0 1962.0 1366.1 3

 4 FL363030005 Time and savings deposits 397.4 405.4 425.5 414.6 432.3 431.8 435.7 414.6 415.8 4

 5 FL213034003 Money market fund shares 21.9 19.8 26.5 34.5 32.4 35.3 34.3 34.5 35.8 5

 6 FL212051003 Security repurchase agreements 163.7 164.9 163.6 182.9 161.4 174.2 178.9 182.9 189.1 6

 7 FL364022005 Debt securities 1566.7 1588.2 1702.9 1960.4 1782.3 1913.9 1911.5 1960.4 1940.0 7

 8 FL213069103 Open market paper 77.7 78.2 77.6 86.7 76.5 82.6 84.8 86.7 90.6 8

 9 FL213061105 Treasury securities 760.0 770.7 849.6 1150.3 912.4 1069.3 1091.3 1150.3 1166.4 9

 10 FL363061705 Agency- and GSE-backed securities 504.7 513.4 534.2 459.9 554.7 497.7 477.3 459.9 423.3 10

 11 FL213062003 Municipal securities 16.7 16.8 16.7 18.6 16.5 17.8 18.2 18.6 19.5 11

 12 FL363063005 Corporate and foreign bonds 207.7 209.1 224.9 244.8 222.2 246.5 239.9 244.8 240.2 12

 13 FL364023005 Loans 1738.2 1839.1 1930.5 2189.8 1956.5 2080.0 2171.9 2189.8 2228.3 13

 14 FL363065005 Mortgages 376.6 381.8 380.3 388.9 378.4 383.0 385.2 388.9 391.9 14

 15 FL313066220 Consumer credit 1145.6 1236.3 1319.2 1382.7 1350.6 1355.8 1379.4 1382.7 1411.1 15

 16 FL313069005 Other loans and advances 216.0 221.0 231.0 418.2 227.5 341.3 407.2 418.2 425.3 16

 17 LM363064105 Corporate equities 184.7 170.9 206.3 234.6 168.5 196.8 210.1 234.6 246.0 17

 18 LM213064203 Mutual fund shares 80.7 75.9 91.5 104.4 77.2 89.2 94.6 104.4 108.0 18

 19 FL363070005 Trade receivables 272.4 305.6 322.9 344.3 315.7 311.7 329.8 344.3 360.2 19

 20 FL363078005 Taxes receivable 354.4 409.8 556.8 626.8 598.8 643.5 632.3 626.8 660.6 20

 21 FL363090005 Miscellaneous assets 278.0 311.2 247.1 360.7 236.0 350.7 355.5 360.7 314.1 21

 22 FL364190005 Total liabilities 27118.0 28880.6 29821.9 34748.5 30947.8 33754.0 34428.2 34748.5 35215.3 22

 23 LM313111303 SDR allocations 50.3 49.1 48.8 50.9 48.2 48.6 49.7 50.9 50.1 23

 24 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 24

 25 FL313112003 Treasury currency 24.0 23.7 23.2 23.1 23.2 23.2 23.1 23.1 23.1 25

 26 FL364122005 Debt securities 19573.9 20932.7 22117.0 26786.3 22622.6 25495.5 26059.1 26786.3 27156.0 26

 27 FL313161105 Treasury securities 16430.9 17842.1 19018.7 23600.9 19518.4 22370.7 22900.4 23600.9 23943.0 27

 28 FL313161705 Budget agency securities 24.4 22.9 21.2 20.2 21.2 21.0 20.2 20.2 19.8 28

 29 FL213162005 Municipal securities 3118.6 3067.7 3077.1 3165.2 3083.0 3103.8 3138.5 3165.2 3193.1 29

 30 FL364123005 Loans 170.6 20.1 21.1 22.1 21.2 21.4 21.8 22.1 22.3 30

 31 FL313165403 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 FL363169005 Other loans and advances 170.6 20.1 21.1 22.1 21.2 21.4 21.8 22.1 22.3 32

 33 FL363170005 Trade payables 1261.8 1384.0 1469.4 1536.7 1479.5 1481.7 1510.5 1536.7 1565.3 33

 34 FL313140003 Insurance reserves 51.1 51.3 52.2 52.4 52.0 52.0 52.4 52.4 52.7 34

 35 FL363190005 Miscellaneous liabilities 5981.1 6414.6 6085.1 6271.9 6695.8 6626.4 6706.3 6271.9 6340.7 35

 Memo:

 36 FL374090005 Total financial assets (consolidated) (2) 4725.9 5116.0 5430.3 7335.4 5568.5 7113.6 7292.8 7335.4 6762.8 36

 37 FL374190005 Total liabilities (consolidated) (2) 26322.4 28073.0 28934.6 33557.4 29997.7 32645.6 33296.8 33557.4 34007.2 37

(1) Sum of the federal government and state and local governments sectors.

(2) Excludes Treasury securities and municipal securities held by state and local governments (lines 9 and 11) and federal government loans to state and local governments (line 32).
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Z.1, June 10, 2021 83

L.106 Federal Government

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL314090005 Total financial assets 2301.7 2640.0 2882.7 4666.1 3061.9 4556.2 4698.6 4666.1 4069.0 1

 2 FL313011005 U.S. official reserve assets 91.0 93.9 97.8 111.7 96.4 102.2 106.5 111.7 107.0 2

 3 FL313020005 Checkable deposits and currency 232.0 405.9 407.2 1732.1 518.9 1725.4 1784.9 1732.1 1117.1 3

 4 FL313030003 Time and savings deposits 1.9 2.0 2.3 1.0 1.9 2.1 1.6 1.0 9.9 4

 5 FL314022005 Debt securities 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 5

 6 FL313061703 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FL313063763 Corporate and foreign bonds 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 7

 8 FL314023005 Loans 1481.4 1580.5 1674.0 1928.0 1703.4 1823.8 1912.4 1928.0 1964.7 8

 9 FL313069005 Other loans and advances 216.0 221.0 231.0 418.2 227.5 341.3 407.2 418.2 425.3 9

 10 FL313065005 Mortgages 119.8 123.2 123.8 127.2 125.3 126.7 125.7 127.2 128.2 10

 11 FL313066220 Consumer credit (1) 1145.6 1236.3 1319.2 1382.7 1350.6 1355.8 1379.4 1382.7 1411.1 11

 12 LM313064105 Corporate equities (2) 33.2 33.2 33.2 33.2 33.2 33.2 33.2 33.2 33.2 12

 13 FL313070000 Trade receivables 65.0 75.4 73.5 84.9 73.4 80.6 81.6 84.9 91.9 13

 14 FL313078000 Taxes receivable 203.0 239.8 378.4 437.1 415.6 454.8 441.9 437.1 467.2 14

 15 FL313090005 Miscellaneous assets 193.8 208.7 215.7 337.7 218.7 333.8 335.9 337.7 277.6 15

 16 FL314190005 Total liabilities 19009.7 20299.5 21488.6 26428.8 22013.6 25040.7 25794.2 26428.8 26840.7 16

 17 LM313111303 SDR allocations 50.3 49.1 48.8 50.9 48.2 48.6 49.7 50.9 50.1 17

 18 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 18

 19 FL313112003 Treasury currency 24.0 23.7 23.2 23.1 23.2 23.2 23.1 23.1 23.1 19

 20 FL314122005 Debt securities 16455.3 17865.0 19039.9 23621.1 19539.6 22391.7 22920.6 23621.1 23962.8 20

 21 FL313161105 Treasury securities (3) 16430.9 17842.1 19018.7 23600.9 19518.4 22370.7 22900.4 23600.9 23943.0 21

 22 FL313161205 Marketable 14434.6 15566.2 16628.9 20946.2 17115.8 19867.0 20340.2 20946.2 21347.4 22

 23 FL313161305 Nonmarketable 1996.3 2275.9 2389.8 2654.7 2402.6 2503.6 2560.2 2654.7 2595.6 23

 24 FL313161705 Budget agency securities 24.4 22.9 21.2 20.2 21.2 21.0 20.2 20.2 19.8 24

 25 FL314123005 Loans 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 FL313165403 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 FL313169003 Other loans and advances 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FL313170005 Trade payables 308.2 382.3 418.3 436.1 415.8 406.0 422.6 436.1 451.8 28

 29 FL313140003 Insurance reserves 51.1 51.3 52.2 52.4 52.0 52.0 52.4 52.4 52.7 29

 30 FL313190005 Miscellaneous liabilities 1964.0 1922.9 1901.0 2240.1 1929.6 2114.0 2320.7 2240.1 2295.0 30

 31 FL343073045 Claims of pension fund on sponsor 1676.8 1622.1 1585.8 1563.4 1616.1 1646.2 1629.7 1563.4 1590.0 31

 32 FL313172003 PPP subsidies payable 0.0 0.0 0.0 353.0 0.0 157.1 380.3 353.0 382.9 32

 33 FL313190015 Other 287.2 300.9 315.2 323.6 313.4 310.7 310.8 323.6 322.2 33

(1) Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that

 the government purchased from depository institutions and finance companies.

(2) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at market price.

(3) Includes marketable and nonmarketable Treasury securities held by the public and Treasury securities held by federal government employee retirement funds.
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84 Z.1, June 10, 2021

L.107 State and Local Governments

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL214090005 Total financial assets 3219.8 3283.6 3435.0 3860.3 3456.6 3665.7 3725.6 3860.3 3901.9 1

 2 FL213020005 Checkable deposits and currency 140.6 132.9 139.1 229.9 142.3 167.3 178.1 229.9 249.0 2

 3 FL213030000 Time and savings deposits 395.5 403.4 423.2 413.6 430.4 429.7 434.1 413.6 405.9 3

 4 FL213034003 Money market fund shares 21.9 19.8 26.5 34.5 32.4 35.3 34.3 34.5 35.8 4

 5 FL212051003 Security repurchase agreements 163.7 164.9 163.6 182.9 161.4 174.2 178.9 182.9 189.1 5

 6 LM214022005 Debt securities 1566.2 1587.7 1702.4 1959.9 1781.8 1913.4 1911.1 1959.9 1939.5 6

 7 FL213069103 Open market paper 77.7 78.2 77.6 86.7 76.5 82.6 84.8 86.7 90.6 7

 8 LM213061105 Treasury securities 760.0 770.7 849.6 1150.3 912.4 1069.3 1091.3 1150.3 1166.4 8

 9 LM213061703 Agency- and GSE-backed securities 504.7 513.4 534.2 459.9 554.7 497.7 477.3 459.9 423.3 9

 10 LM213062003 Municipal securities 16.7 16.8 16.7 18.6 16.5 17.8 18.2 18.6 19.5 10

 11 LM213063003 Corporate and foreign bonds 207.2 208.6 224.4 244.3 221.7 246.0 239.4 244.3 239.8 11

 12 FL213065005 Loans (mortgages) 256.8 258.6 256.5 261.7 253.1 256.3 259.5 261.7 263.6 12

 13 LM213064103 Corporate equities 151.5 137.7 173.2 201.4 135.4 163.6 176.9 201.4 212.8 13

 14 LM213064203 Mutual fund shares 80.7 75.9 91.5 104.4 77.2 89.2 94.6 104.4 108.0 14

 15 FL213070003 Trade receivables 207.4 230.2 249.3 259.5 242.3 231.1 248.1 259.5 268.4 15

 16 FL213078005 Taxes receivable 151.4 170.0 178.5 189.7 183.2 188.7 190.4 189.7 193.4 16

 17 FL213093003 Miscellaneous assets 84.2 102.5 31.3 22.9 17.3 16.8 19.5 22.9 36.4 17

 18 FL214190005 Total liabilities 8108.3 8581.0 8333.3 8319.7 8934.2 8713.3 8633.9 8319.7 8374.6 18

 19 FL213162005 Debt securities (municipal securities) 3118.6 3067.7 3077.1 3165.2 3083.0 3103.8 3138.5 3165.2 3193.1 19

 20 FL213162400 Short-term (1) 35.2 38.0 44.8 46.8 43.0 41.2 44.8 46.8 43.4 20

 21 FL213162200 Long-term 3083.4 3029.6 3032.3 3118.5 3040.0 3062.7 3093.7 3118.5 3149.8 21

 22 FL213169203 Loans (U.S. government loans) 18.9 20.1 21.1 22.1 21.2 21.4 21.8 22.1 22.3 22

 23 FL213170003 Trade payables 953.6 1001.7 1051.1 1100.6 1063.7 1075.7 1087.9 1100.6 1113.6 23

 24 FL223073045 Claims of pension fund on sponsor (2) 4017.1 4491.6 4184.0 4031.8 4766.2 4512.4 4385.7 4031.8 4045.6 24

(1) Debt with original maturity of 13 months or less.

(2) Included in miscellaneous liabilities.
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Z.1, June 10, 2021 85

L.108 Domestic Financial Sectors (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL794090005 Total financial assets 99238.6 98445.7 107880.6 122183.0 107730.7 114786.1 116971.2 122183.0 124881.9 1

 2 FL713011005 U.S. official reserve assets 32.2 31.8 31.6 33.1 31.4 31.6 32.3 33.1 31.9 2

 3 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 FL713012003 Treasury currency 49.4 49.8 50.1 50.5 50.2 50.3 50.4 50.5 50.5 4

 5 FL633091003 Foreign deposits 3.7 1.5 7.4 0.7 3.8 2.1 0.9 0.7 1.7 5

 6 FL794010005 Net interbank assets 2025.4 1637.3 1631.7 3138.1 2649.3 2961.7 2898.6 3138.1 3810.5 6

 7 FL793020005 Checkable deposits and currency 491.5 398.9 462.2 679.9 767.6 640.1 565.4 679.9 725.5 7

 8 FL793030005 Time and savings deposits 293.2 296.7 356.7 242.9 349.1 334.0 282.5 242.9 282.8 8

 9 FL793034005 Money market fund shares 516.1 538.2 594.6 782.0 723.9 787.6 775.0 782.0 806.2 9

 10 FL792050005 Federal funds and security repos 2866.5 3301.2 3882.8 3574.0 4157.5 3478.7 3470.7 3574.0 3208.0 10

 11 FL794022005 Debt securities 25944.1 26240.8 28793.8 35963.9 30258.5 34126.0 34997.3 35963.9 35965.9 11

 12 FL793069175 Open market paper 629.1 630.9 619.8 553.5 669.5 571.2 521.2 553.5 688.3 12

 13 FL793061105 Treasury securities 8196.6 8868.3 9780.6 14491.3 11205.8 13799.6 14170.7 14491.3 14348.3 13

 14 FL793061705 Agency- and GSE-backed securities 6937.5 6831.6 7206.9 8401.0 7612.6 7931.5 8128.4 8401.0 8629.5 14

 15 FL793062005 Municipal securities 2093.5 1977.8 2105.7 2234.3 2060.6 2129.9 2178.4 2234.3 2251.7 15

 16 FL793063005 Corporate and foreign bonds 8087.4 7932.2 9080.8 10283.9 8710.0 9693.8 9998.5 10283.9 10048.1 16

 17 FL794023005 Loans 22686.1 23425.7 24208.5 25237.4 25131.6 24938.6 24954.5 25237.4 25485.4 17

 18 FL793068005 Depository institution loans n.e.c. 3374.6 3663.8 3803.0 4216.0 4451.0 4482.8 4272.3 4216.0 4246.4 18

 19 FL793069005 Other loans and advances 2333.1 2144.7 2101.7 2056.1 2315.5 2002.4 1982.7 2056.1 2151.4 19

 20 FL793065005 Mortgages 14364.6 14914.2 15493.9 16221.4 15628.6 15771.9 15995.6 16221.4 16395.3 20

 21 FL793066005 Consumer credit 2613.8 2703.0 2809.8 2744.0 2736.4 2681.6 2703.9 2744.0 2692.4 21

 22 LM793064105 Corporate equities 20792.3 18823.3 23041.2 26031.9 18120.8 21493.7 23025.2 26031.9 27629.1 22

 23 LM793064205 Mutual fund shares 6031.7 5520.0 6301.4 6825.7 5194.6 5943.2 6231.6 6825.7 7023.8 23

 24 FL793070005 Trade receivables 302.9 321.5 335.2 375.9 350.9 368.4 382.4 375.9 385.8 24

 25 FL793040005 Life insurance reserves 511.8 483.5 500.9 516.6 504.1 508.2 512.1 516.6 517.6 25

 26 FL543050005 Pension entitlements 91.4 191.4 199.5 291.3 219.7 249.1 268.3 291.3 292.3 26

 27 LM793092005 U.S. direct investment abroad 1142.3 937.1 1135.5 1271.0 876.3 1004.1 1056.9 1271.0 1300.9 27

 28 FL793090005 Miscellaneous assets 15452.7 16241.9 16342.5 17162.8 18336.4 17863.4 17461.9 17162.8 17358.6 28

 29 FL794190005 Total liabilities 92284.7 91975.0 99624.7 112193.7 100337.3 106275.1 107909.5 112193.7 114831.7 29

 30 FL794110005 Net interbank liabilities 2165.0 1810.9 1712.4 3258.2 3063.9 3210.9 3080.8 3258.2 3829.3 30

 31 FL793120005 Checkable deposits and currency 4268.3 4583.7 4855.6 9128.6 5771.4 7671.4 7927.0 9128.6 9036.7 31

 32 FL703130005 Time and savings deposits 11670.4 12200.5 12884.0 13679.8 13498.3 14169.4 14210.8 13679.8 14192.3 32

 33 FL634090005 Money market fund shares 2848.4 3038.3 3634.3 4335.6 4338.0 4635.9 4410.1 4335.6 4499.6 33

 34 FL792150005 Federal funds and security repos 2965.5 2980.9 3205.7 2946.4 3458.7 2853.5 2884.4 2946.4 2904.6 34

 35 FL794122005 Debt securities 13910.8 14254.8 14690.3 15607.9 15231.3 15288.8 15344.4 15607.9 15785.8 35

 36 FL793169175 Open market paper 397.2 431.2 397.9 390.9 422.0 403.1 378.7 390.9 454.7 36

 37 FL423161705 Agency- and GSE-backed securities 8842.7 9089.6 9408.3 10066.5 9747.9 9722.7 9846.0 10066.5 10206.5 37

 38 FL793163005 Corporate and foreign bonds 4670.8 4734.0 4884.2 5150.6 5061.3 5163.0 5119.6 5150.6 5124.5 38

 39 FL794123005 Loans 2038.1 2027.4 1954.7 1924.6 2367.7 2029.4 1916.3 1924.6 1921.5 39

 40 FL793168005 Depository institution loans n.e.c. 301.2 311.0 305.3 380.7 414.1 347.3 341.9 380.7 383.5 40

 41 FL793169005 Other loans and advances 1494.9 1490.2 1425.1 1317.3 1728.5 1458.9 1349.4 1317.3 1318.0 41

 42 FL123165005 Mortgages 242.0 226.2 224.3 226.5 225.1 223.2 225.0 226.5 220.0 42

 43 LM653164205 Mutual fund shares 15899.0 14669.8 17659.5 19562.6 14543.1 16776.1 17749.3 19562.6 20270.8 43

 44 FL793170005 Trade payables 284.2 280.0 295.2 397.2 320.3 352.4 380.2 397.2 411.6 44

 45 FL543140005 Life insurance reserves 2008.8 2035.2 2122.4 2248.9 2122.6 2161.3 2195.6 2248.9 2237.6 45

 46 FL583150005 Pension entitlements 25975.6 25874.2 27864.0 29632.0 26610.8 27888.7 28527.2 29632.0 30042.4 46

 47 FL793178005 Taxes payable 160.2 159.5 172.4 164.3 162.3 168.5 161.8 164.3 151.4 47

 48 LM793192305 Foreign direct investment: intercompany debt 218.4 188.6 167.9 176.2 164.8 161.1 162.0 176.2 176.1 48

 49 FL793190005 Miscellaneous liabilities 7872.0 7871.0 8406.2 9131.4 8683.8 8907.7 8959.6 9131.4 9372.3 49

 Memo:

 50 LM793164105 Corporate equities (market value) (2) 10054.2 9272.1 11485.5 12434.1 8676.5 10018.8 10548.3 12434.1 13850.2 50

 51 LM662090003 Equity in noncorporate business 68.7 78.2 83.5 90.3 84.8 88.5 87.1 90.3 93.8 51

 52 LM793192105 Foreign direct investment: equity 967.3 870.5 1053.2 1432.9 832.2 1023.0 1105.5 1432.9 1540.1 52

(1) Sum of financial sectors shown on tables L.109 through L.132.

(1) Corporate equities outstanding detail is not available for financial subsectors and not shown on tables L.109 through L.132.
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86 Z.1, June 10, 2021

L.109 Monetary Authority (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL714090005 Total financial assets 4572.0 4095.9 4379.1 7656.1 6179.5 7364.0 7402.6 7656.1 7768.5 1

 2 FL713011005 U.S. official reserve assets 32.2 31.8 31.6 33.1 31.4 31.6 32.3 33.1 31.9 2

 3 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 FL713012003 Treasury currency 49.4 49.8 50.1 50.5 50.2 50.3 50.4 50.5 50.5 4

 5 FL713022003 Federal Reserve float -0.9 -0.8 -0.6 -0.6 -0.7 -0.7 -1.3 -0.6 -1.1 5

 6 FL713068705 Interbank loans 0.1 0.1 0.0 44.6 76.6 83.5 66.6 44.6 41.4 6

 7 FL713068703 Discount window (2) 0.1 0.1 0.0 1.6 49.1 7.2 3.5 1.6 0.8 7

 8 FL763069143 AMLF and MMLF loans (3) 0.0 0.0 0.0 2.0 27.5 11.8 3.9 2.0 0.1 8

 9 FL713068725 PPPLF loans (4) 0.0 0.0 0.0 41.0 0.0 64.5 59.3 41.0 40.4 9

 10 FL712051000 Security repurchase agreements 0.0 0.0 255.6 0.0 262.7 58.0 0.0 0.0 0.0 10

 11 LM714022005 Debt securities (5) 4448.3 3982.6 4011.9 7422.2 5312.9 6847.7 7163.7 7422.2 7548.3 11

 12 FL713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 LM713061103 Treasury securities 2633.0 2338.0 2540.7 5254.6 3757.4 4807.9 5056.0 5254.6 5273.2 13

 14 LM713061113 Treasury bills 0.0 0.0 168.5 326.0 325.9 325.9 326.0 326.0 326.0 14

 15 LM713061125 Other Treasury securities 2633.0 2338.0 2372.3 4928.6 3431.5 4481.9 4730.0 4928.6 4947.2 15

 16 LM713061705 Agency- and GSE-backed securities 1815.3 1644.6 1471.1 2167.7 1555.5 2039.9 2107.8 2167.7 2275.1 16

 17 LM713061903 Mortgage-backed securities 1809.9 1641.4 1467.8 2164.1 1551.9 2036.2 2104.2 2164.1 2271.8 17

 18 LM713061703 Other agency- and GSE-backed securities 5.4 3.2 3.3 3.5 3.6 3.6 3.6 3.5 3.3 18

 19 FL713068005 Loans (depository institution loans n.e.c.) 0.0 0.0 0.0 52.2 58.7 30.9 31.7 52.2 58.7 19

 20 FL713068813 Households (TALF I) (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FL713068665 Brokers and dealers (7) 0.0 0.0 0.0 2.1 58.7 12.1 3.4 2.1 0.1 21

 22 FL713068863 Finance companies (PPPLF) (4) 0.0 0.0 0.0 9.4 0.0 3.7 8.3 9.4 19.7 22

 23 FL713068505 Other financial business (8) 0.0 0.0 0.0 40.7 0.0 15.1 20.0 40.7 38.9 23

 24 FL713064103 Corporate equities (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 FL713090005 Miscellaneous assets 37.7 27.3 25.4 49.0 382.4 257.5 54.0 49.0 33.4 25

 26 FL713091103 Nonofficial foreign currencies (10) 12.1 4.2 3.7 17.9 357.7 226.9 23.9 17.9 2.5 26

 27 FL713093005 Other 25.7 23.1 21.7 31.1 24.7 30.6 30.1 31.1 30.9 27

 28 FL714190005 Total liabilities 4486.8 4100.2 4216.6 7300.3 5786.3 6947.5 6996.3 7300.3 7688.8 28

 29 FL713113003 Depository institution reserves 1949.0 1556.0 1548.8 2994.9 2474.3 2787.0 2743.2 2994.9 3672.7 29

 30 FL703025005 Vault cash of depository institutions 77.2 82.0 83.4 99.2 99.0 92.0 90.0 99.2 97.5 30

 31 FL713120005 Checkable deposits and currency 1858.2 2117.6 2207.3 3945.7 2593.2 3792.1 3914.6 3945.7 3521.7 31

 32 FL713123005 Due to federal government 229.1 402.4 404.0 1728.6 515.6 1722.1 1781.7 1728.6 1122.0 32

 33 FL713123023 Treasury cash holdings 0.2 0.2 0.2 0.0 0.3 0.1 0.0 0.0 0.1 33

 34 FL713123030 Treasury general deposit account 228.9 402.1 403.9 1728.6 515.3 1722.0 1781.7 1728.6 1122.0 34

 35 FL713123043 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 FL713124005 Due to government-sponsored enterprises 17.2 10.5 12.5 51.0 120.0 42.0 25.5 51.0 134.1 36

 37 FL713129005 Due to other financial business (11) 65.7 62.3 61.2 154.2 160.4 133.7 145.9 154.2 185.8 37

 38 FL713122605 Due to rest of the world 5.3 5.3 5.2 21.9 17.4 16.3 18.9 21.9 33.2 38

 39 FL713125005 Currency outside banks 1540.8 1637.2 1724.2 1989.9 1779.7 1878.1 1942.5 1989.9 2046.6 39

 40 FL712151003 Security repurchase agreements 564.0 304.0 336.6 216.1 569.1 233.0 205.2 216.1 352.2 40

 41 FL712151103 Reverse repurchase agreement operations (12) 319.6 41.8 64.1 9.7 284.9 1.0 0.9 9.7 134.3 41

 42 FL712151115 Other (13) 244.4 262.2 272.6 206.4 284.2 232.0 204.4 206.4 217.9 42

 43 FL713190005 Miscellaneous liabilities 38.5 40.6 40.4 44.4 50.8 43.5 43.2 44.4 44.7 43

 44 FL313094213 Treasury contributions to MMLF 0.0 0.0 0.0 1.5 0.0 1.5 1.5 1.5 1.5 44

 45 FL713164003 Federal Reserve Bank stock 31.4 32.3 31.7 32.4 32.0 32.0 32.4 32.4 32.5 45

 46 FL713193005 Other 7.1 8.2 8.7 10.5 18.8 10.0 9.3 10.5 10.7 46

 Memo:

 47 FL714022065 Amortized cost of debt securities 4368.2 3988.7 3851.3 7068.2 4921.6 6433.2 6759.3 7068.2 7470.8 47

 48 FL713061163 Treasury securities 2545.7 2302.5 2401.6 4955.9 3421.1 4455.4 4705.5 4955.9 5210.3 48

 49 FL713061765 Agency- and GSE-backed securities 1822.5 1686.3 1449.6 2112.3 1500.6 1977.8 2053.8 2112.3 2260.5 49

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board.

(2) Loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.

(3) Loans extended to U.S.-chartered depository institutions through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) and the

 Money Market Mutual Fund Liquidity Facility (MMLF). The AMLF was dissolved in 2010:Q1.

(4) Loans extended to depository institutions (line 9) and finance companies (line 22) through the Paycheck Protection Program Liquidity Facility (PPPLF).

(5) Shown at estimated fair value.

(6) Loans extended to financial institutions such as domestic hedge funds through the 2008 Term Asset-Backed Securities Loan Facility (TALF I).

(7) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF), AMLF (2008-2010), and MMLF (2020).

(8) Loans extended to Federal Reserve funding, credit, and liquidity, facility special purpose vehicles created in response to the 2008 Financial Crisis and COVID-19 pandemic.

(9) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assuance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. Series is zero after 2010:Q4.

(10) Reciprocal currency arrangements (swap lines) with foreign central banks.

(11) Deposits of designated financial market utilities (DFMU) and deposits of Federal Reserve facility LLC’s special purpose vehicles.

(12) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).

(13) Includes reverse repurchase agreements conducted through the Federal Reserve’s Foreign Repo Pool.
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Z.1, June 10, 2021 87

L.110 Private Depository Institutions (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL704090005 Total financial assets 18833.5 19194.8 20051.8 23448.7 21922.6 22775.2 22900.5 23448.7 24215.4 1

 2 FL703025005 Vault cash 77.2 82.0 83.4 99.2 99.0 92.0 90.0 99.2 97.5 2

 3 FL713113003 Reserves at Federal Reserve 1949.0 1556.0 1548.8 2994.9 2474.3 2787.0 2743.2 2994.9 3672.7 3

 4 FL702050005 Federal funds and security repos 490.7 702.0 738.3 862.5 659.2 863.2 835.0 862.5 602.6 4

 5 LM704022005 Debt securities 4288.3 4299.9 4647.3 5790.6 4881.5 5229.0 5516.2 5790.6 6198.7 5

 6 FL703069175 Open market paper 0.0 0.2 0.7 2.3 28.7 12.4 4.2 2.3 0.3 6

 7 LM703061105 Treasury securities 616.0 736.7 879.3 1203.3 894.3 1103.5 1186.9 1203.3 1263.3 7

 8 LM703061705 Agency- and GSE-backed securities 2422.6 2445.5 2634.4 3375.7 2823.8 2920.8 3095.6 3375.7 3605.9 8

 9 LM703062005 Municipal securities 578.9 505.8 478.3 522.8 491.4 510.0 514.5 522.8 527.7 9

 10 LM703063005 Corporate and foreign bonds 670.8 611.8 654.6 686.5 643.2 682.2 715.0 686.5 801.5 10

 11 FL704023005 Loans 10708.4 11269.4 11727.1 12095.9 12301.8 12333.2 12160.2 12095.9 12023.2 11

 12 FL703068005 Depository institution loans n.e.c. 3374.6 3663.8 3803.0 4163.8 4392.3 4451.8 4240.6 4163.8 4187.6 12

 13 FL703069005 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL703065005 Mortgages 5282.7 5442.4 5655.0 5741.4 5704.4 5738.6 5766.6 5741.4 5705.5 14

 15 FL703066005 Consumer credit 2051.1 2163.2 2269.0 2190.7 2205.1 2142.7 2153.0 2190.7 2130.0 15

 16 LM703064105 Corporate equities 127.6 109.1 147.7 160.3 95.9 120.6 133.0 160.3 176.5 16

 17 LM703064205 Mutual fund shares 67.1 54.7 64.9 68.1 48.8 55.7 59.5 68.1 74.1 17

 18 FL763040005 Life insurance reserves 168.2 172.1 178.8 184.8 179.7 181.0 182.8 184.8 186.9 18

 19 LM763092000 U.S. direct investment abroad 299.3 250.3 297.5 329.1 228.5 262.8 277.5 329.1 329.4 19

 20 FL703090005 Miscellaneous assets 657.7 699.4 618.0 863.2 954.0 850.8 903.0 863.2 853.8 20

 21 FL704190005 Total liabilities 19303.6 19862.5 20751.7 24038.9 22600.8 23511.6 23524.5 24038.9 24789.0 21

 22 FL704110005 Net interbank liabilities 138.8 172.9 80.2 164.1 490.6 331.9 247.5 164.1 59.1 22

 23 FL703127005 Checkable deposits 2410.2 2466.1 2648.3 5182.9 3178.3 3879.3 4012.4 5182.9 5514.9 23

 24 FL703130005 Time and savings deposits 11670.4 12200.5 12884.0 13679.8 13498.3 14169.4 14210.8 13679.8 14192.3 24

 25 FL702150005 Federal funds and security repos 722.9 646.7 717.1 715.9 788.3 688.7 719.9 715.9 745.0 25

 26 FL704122005 Debt securities 261.3 288.2 248.2 303.9 284.1 285.6 287.6 303.9 319.7 26

 27 FL703169175 Open market paper 113.6 128.3 106.9 133.4 131.1 127.8 125.7 133.4 144.3 27

 28 FL763163005 Corporate bonds 147.7 160.0 141.3 170.5 152.9 157.8 161.9 170.5 175.4 28

 29 FL703169005 Loans (other loans and advances) 641.3 635.0 537.2 295.6 677.9 430.8 354.5 295.6 268.9 29

 30 FL763178003 Taxes payable (net) 104.3 109.7 124.2 113.0 107.6 109.9 112.3 113.0 96.2 30

 31 LM753192305 Foreign direct investment: intercompany debt 32.6 26.3 25.8 22.3 25.1 22.9 22.5 22.3 22.2 31

 32 FL703190005 Miscellaneous liabilities 3321.8 3317.0 3486.8 3561.4 3550.7 3593.1 3556.9 3561.4 3570.8 32

 33 FL763194735 Investment by holding companies 2495.7 2500.5 2603.5 2806.5 2618.7 2744.2 2760.2 2806.5 2747.3 33

 34 FL753194503 Investment by other financial businesses 79.7 123.1 119.5 92.0 122.4 111.5 101.0 92.0 134.2 34

 35 FL703193005 Other 746.4 693.4 763.8 662.9 809.6 737.4 695.7 662.9 689.2 35

 Memo:

 36 LM753192103 Foreign direct investment: equity 338.6 291.2 356.5 427.5 285.5 345.2 370.9 427.5 458.8 36

 37 FL763066303 Consumer leases not included above (2) 11.2 12.4 13.1 13.5 13.4 13.3 13.5 13.5 13.4 37

 38 FL703139105 Uninsured deposits (3) 5988.7 6190.1 6719.3 8477.2 7469.6 8056.4 8116.8 8477.2 8807.2 38

(1) U.S.-chartered depository institutions (L.111), foreign banking offices (L.112), banks in U.S.-affiliated areas (L.113), and credit unions (L.114).

(2) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.

(3) Includes checkable deposits (line 23) and time and savings deposits (line 24) not insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
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88 Z.1, June 10, 2021

L.111 U.S.-Chartered Depository Institutions

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL764090005 Total financial assets 15318.5 15633.1 16332.3 19413.4 17646.7 18715.1 18843.5 19413.4 19893.6 1

 2 FL763025000 Vault cash 77.2 82.0 83.4 99.2 99.0 91.9 90.0 99.2 97.5 2

 3 FL763013005 Reserves at Federal Reserve 1161.9 888.4 907.3 2189.8 1476.5 1967.1 1918.0 2189.8 2602.5 3

 4 FL762050005 Federal funds and security repos 222.5 382.8 358.5 538.3 331.3 560.3 498.1 538.3 294.4 4

 5 LM764022005 Debt securities 3757.4 3760.5 4083.5 5124.6 4272.1 4588.4 4866.6 5124.6 5486.0 5

 6 FL763069175 Open market paper 0.0 0.0 0.0 2.0 27.5 11.8 3.9 2.0 0.1 6

 7 LM763061100 Treasury securities 484.4 569.8 704.1 1044.1 724.4 926.6 1019.5 1044.1 1110.9 7

 8 LM763061705 Agency- and GSE-backed securities 2207.4 2239.3 2408.2 3061.0 2582.8 2650.3 2804.6 3061.0 3233.2 8

 9 LM763061803 Residential mortgage pass-through securities 1382.0 1394.9 1532.2 1943.3 1663.8 1678.3 1774.0 1943.3 2083.7 9

 10 LM763061503 Commercial mortgage pass-through securities 116.0 123.7 149.1 201.9 161.1 174.0 184.2 201.9 207.5 10

 11 LM763061603 Residential CMOs and other structured MBS 411.4 417.6 427.9 547.8 448.8 478.1 499.8 547.8 554.8 11

 12 LM763061403 Commercial CMOs and other structured MBS 139.7 153.5 178.1 238.9 197.0 210.4 227.8 238.9 247.5 12

 13 LM763061795 Other 158.3 149.6 121.0 129.2 112.1 109.6 118.8 129.2 139.6 13

 14 LM763062000 Municipal securities 572.6 499.8 471.7 512.6 484.0 501.5 504.8 512.6 516.8 14

 15 LM763063005 Corporate and foreign bonds 493.0 451.6 499.5 504.8 453.3 498.2 533.8 504.8 624.9 15

 16 LM763063673 Priv. residential mortgage pass-through securities 4.5 3.6 5.3 4.7 5.7 5.6 5.1 4.7 5.6 16

 17 LM763063653 Priv. commercial mortgage pass-through securities 3.0 2.0 2.7 2.9 2.6 2.7 2.9 2.9 3.0 17

 18 LM763063663 Priv. residential CMOs and other structured MBS 39.3 32.5 34.6 39.0 36.5 39.9 39.9 39.0 40.9 18

 19 LM763063693 Priv. commercial CMOs and other structured MBS 36.1 39.0 42.3 42.6 43.1 44.0 42.7 42.6 44.2 19

 20 LM763063095 Other 409.9 374.5 414.6 415.6 365.5 405.9 443.2 415.6 531.1 20

 21 FL764023005 Loans 8984.8 9427.5 9784.9 10074.8 10189.2 10260.6 10132.5 10074.8 10017.2 21

 22 FL763068005 Depository institution loans n.e.c. 2674.5 2927.8 3026.6 3361.8 3458.8 3575.9 3426.5 3361.8 3394.1 22

 23 FL763069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FL763065005 Mortgages 4698.5 4817.7 4987.4 5027.5 5020.5 5040.3 5056.9 5027.5 4990.0 24

 25 FL763066000 Consumer credit 1611.8 1682.0 1771.0 1685.6 1709.9 1644.4 1649.2 1685.6 1633.2 25

 26 LM763064105 Corporate equities 127.6 109.1 147.7 160.3 95.9 120.6 133.0 160.3 176.5 26

 27 LM763064203 Mutual fund shares 64.8 52.1 61.6 63.4 45.6 51.9 55.4 63.4 68.1 27

 28 FL763040005 Life insurance reserves 168.2 172.1 178.8 184.8 179.7 181.0 182.8 184.8 186.9 28

 29 LM763092000 U.S. direct investment abroad 299.3 250.3 297.5 329.1 228.5 262.8 277.5 329.1 329.4 29

 30 FL763090005 Miscellaneous assets 454.9 508.1 429.2 649.1 729.0 630.5 689.5 649.1 635.1 30

 31 FL764190005 Total liabilities 16062.9 16524.3 17259.9 20195.2 18581.3 19657.1 19688.2 20195.2 20671.2 31

 32 FL764110005 Net interbank liabilities 52.6 21.5 7.7 8.8 67.4 127.8 93.8 8.8 -101.6 32

 33 FL713022003 Federal Reserve float -0.9 -0.8 -0.6 -0.6 -0.7 -0.7 -1.3 -0.6 -1.1 33

 34 FL713068715 Borrowing from Federal Reserve banks 0.1 0.1 0.0 44.2 76.6 83.0 66.1 44.2 41.1 34

 35 FL764112005 To domestic banks 3.1 -6.1 -7.0 -3.4 -20.7 -7.7 -2.7 -3.4 3.1 35

 36 FL764116005 To foreign banks 50.3 28.4 15.3 -31.4 12.2 53.2 31.7 -31.4 -144.8 36

 37 FL763127005 Checkable deposits 2015.4 2053.7 2191.5 4572.8 2649.7 3303.4 3416.4 4572.8 4805.7 37

 38 FL763123005 Federal government 1.9 1.8 1.6 2.7 1.7 1.9 2.4 2.7 2.4 38

 39 FL763128000 State and local government 140.6 132.9 139.1 229.9 142.3 167.3 178.1 229.9 249.0 39

 40 FL763129205 Private domestic 1813.6 1844.7 1971.7 4279.0 2414.6 3063.6 3172.8 4279.0 4496.4 40

 41 FL763122605 Rest of the world 59.4 74.4 79.1 61.2 91.2 70.6 63.0 61.2 57.9 41

 42 FL763130005 Time and savings deposits 9802.0 10293.9 10804.8 11461.2 11428.8 11958.3 12002.3 11461.2 11862.7 42

 43 FL762150005 Federal funds and security repos 170.4 143.1 167.0 170.9 191.1 190.5 179.0 170.9 187.5 43

 44 FL764122005 Debt securities 223.2 247.5 209.7 268.5 232.9 242.3 251.4 268.5 279.7 44

 45 FL763169175 Open market paper 75.5 87.5 68.4 98.0 80.0 84.5 89.5 98.0 104.4 45

 46 FL763163005 Corporate bonds 147.7 160.0 141.3 170.5 152.9 157.8 161.9 170.5 175.4 46

 47 FL763169305 Loans (other loans and advances) 586.5 577.3 484.9 252.3 615.1 380.3 306.8 252.3 228.6 47

 48 FL763178003 Taxes payable (net) 104.3 109.7 124.2 113.0 107.6 109.9 112.3 113.0 96.2 48

 49 FL763190005 Miscellaneous liabilities 3108.6 3077.7 3270.0 3347.7 3288.6 3344.7 3326.1 3347.7 3312.2 49

 50 FL763194735 Investment by holding companies 2495.7 2500.5 2603.5 2806.5 2618.7 2744.2 2760.2 2806.5 2747.3 50

 51 FL763193005 Other 612.9 577.2 666.5 541.2 669.9 600.5 565.9 541.2 565.0 51

 Memo:

 52 FL763066303 Consumer leases not included above (1) 11.2 12.4 13.1 13.5 13.4 13.3 13.5 13.5 13.4 52

 53 FL763139105 Uninsured deposits (2) 4885.3 5084.7 5484.3 7199.3 6229.0 6737.0 6811.5 7199.3 7431.9 53

(1) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.

(2) Includes checkable deposits (line 37) and time and savings deposits (line 42) not insured by the Federal Deposit Insurance Corporation.
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Z.1, June 10, 2021 89

L.112 Foreign Banking Offices in U.S. (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL754090005 Total financial assets 2084.9 2051.5 2089.7 2102.7 2573.5 2228.0 2184.6 2102.7 2265.3 1

 2 FL753025003 Vault cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FL753013003 Reserves at Federal Reserve 710.1 598.6 554.1 602.5 873.8 644.6 649.6 602.5 811.0 3

 4 FL752050005 Federal funds and security repos 268.1 319.0 379.0 323.7 327.2 302.2 336.1 323.7 307.7 4

 5 LM754022005 Debt securities 303.3 318.1 309.0 313.5 340.2 334.4 319.4 313.5 294.7 5

 6 FL753069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 LM753061103 Treasury securities 97.4 125.6 121.1 99.8 116.4 117.1 109.0 99.8 86.2 7

 8 LM753061703 Agency- and GSE-backed securities 45.7 42.9 53.2 60.7 59.4 59.7 56.1 60.7 62.2 8

 9 LM753062003 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 LM753063005 Corporate and foreign bonds 160.2 149.7 134.7 153.0 164.4 157.7 154.3 153.0 146.3 10

 11 FL754023005 Loans 706.8 739.5 767.9 785.6 926.4 859.8 797.8 785.6 768.7 11

 12 FL753068005 Depository institution loans n.e.c. 629.8 661.9 687.3 704.7 843.6 777.8 716.3 704.7 688.4 12

 13 FL753069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL753065005 Mortgages 77.1 77.6 80.6 80.9 82.7 82.0 81.5 80.9 80.3 14

 15 FL753064103 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL753093005 Miscellaneous assets 96.6 76.2 79.7 77.5 105.9 87.0 81.7 77.5 83.0 16

 17 FL754190005 Total liabilities 1950.4 1977.3 2029.6 2096.1 2491.2 2202.3 2146.1 2096.1 2243.7 17

 18 FL754110005 Net interbank liabilities 129.6 191.1 113.1 191.8 468.5 243.5 193.5 191.8 191.0 18

 19 FL754116005 To foreign banks 107.7 178.5 108.3 184.3 461.2 234.4 190.1 184.3 183.5 19

 20 FL754112005 To domestic banks 21.9 12.7 4.9 7.5 7.3 9.1 3.4 7.5 7.5 20

 21 FL753127005 Checkable deposits 185.0 177.8 199.0 256.3 251.0 256.2 265.9 256.3 306.8 21

 22 FL753130005 Time and savings deposits 821.8 819.8 908.8 858.0 859.3 917.5 883.8 858.0 893.1 22

 23 FL752150005 Federal funds and security repos 552.5 503.6 550.0 545.0 597.2 498.2 540.9 545.0 557.5 23

 24 FL753169175 Debt securities (open market paper) 38.1 40.8 38.5 35.4 51.1 43.3 36.2 35.4 40.0 24

 25 LM753192305 Foreign direct investment: intercompany debt 32.6 26.3 25.8 22.3 25.1 22.9 22.5 22.3 22.2 25

 26 FL753190005 Miscellaneous liabilities 190.8 217.9 194.4 187.3 239.0 220.8 203.3 187.3 233.3 26

 27 FL753194503 Investment by other financial businesses 79.7 123.1 119.5 92.0 122.4 111.5 101.0 92.0 134.2 27

 28 FL753193005 Other 111.1 94.8 74.8 95.3 116.7 109.3 102.3 95.3 99.0 28

 Memo:

 29 LM753192103 Foreign direct investment: equity 338.6 291.2 356.5 427.5 285.5 345.2 370.9 427.5 458.8 29

 30 FL753139105 Uninsured deposits (2) 1006.8 997.5 1107.8 1114.4 1110.3 1173.7 1149.7 1114.4 1199.9 30

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).

(2) All checkable deposits (line 21) and time and savings deposits (line 22) are considered uninsured according to the Federal Deposit Insurance Act.
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L.113 Banks in U.S.-Affiliated Areas (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL744090005 Total financial assets 88.0 91.2 95.6 109.5 97.6 107.4 110.3 109.5 116.9 1

 2 FL743013003 Reserves at Federal Reserve 7.8 6.0 4.4 14.7 8.0 13.4 16.0 14.7 14.5 2

 3 LM744022003 Debt securities 14.7 19.5 33.6 41.3 34.0 38.8 39.3 41.3 43.8 3

 4 LM743061103 Treasury securities 5.0 10.2 16.6 13.8 14.7 17.6 15.1 13.8 15.3 4

 5 LM743061703 Agency- and GSE-backed securities 1.5 8.0 8.0 15.0 7.2 9.1 12.2 15.0 16.6 5

 6 LM743062003 Municipal securities 1.3 1.2 1.2 0.1 1.2 1.2 1.0 0.1 0.1 6

 7 LM743063005 Corporate and foreign bonds 7.0 0.1 7.8 12.5 10.9 10.9 10.9 12.5 11.8 7

 8 FL744023003 Loans 38.4 37.1 40.7 41.6 42.6 44.7 43.3 41.6 39.2 8

 9 FL743068005 Depository institution loans n.e.c. 12.6 13.1 18.1 18.7 20.1 21.7 20.2 18.7 17.4 9

 10 FL743065103 One-to-four-family residential mortgages 15.3 14.1 13.2 13.5 13.0 13.4 13.7 13.5 12.8 10

 11 FL743065505 Commercial mortgages 10.5 10.0 9.4 9.4 9.5 9.6 9.4 9.4 9.0 11

 12 FL743093005 Miscellaneous assets 27.1 28.5 17.0 11.9 13.1 10.5 11.8 11.9 19.4 12

 13 FL744190005 Total liabilities 78.5 81.2 86.9 101.5 89.2 98.6 102.4 101.5 108.9 13

 14 FL744110005 Net interbank liabilities -1.0 -1.3 -1.6 -1.4 -2.0 -2.0 -1.5 -1.4 -1.3 14

 15 FL743127003 Checkable deposits 37.4 40.9 45.7 56.7 46.5 54.4 56.5 56.7 61.3 15

 16 FL743130003 Time and savings deposits 38.1 38.5 39.8 42.9 41.5 42.7 43.4 42.9 46.2 16

 17 FL743193005 Miscellaneous liabilities 4.1 3.2 3.0 3.2 3.1 3.5 4.1 3.2 2.7 17

 Memo:

 18 FL743139105 Uninsured deposits (2) 25.3 29.3 33.6 44.0 34.3 40.3 43.8 44.0 46.9 18

(1) Commercial banks and branches of U.S.-chartered depository institutions located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.

(2) Includes checkable deposits (line 15) and time and savings deposits (line 16) not insured by the Federal Deposit Insurance Corporation.

L.114 Credit Unions

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL474090005 Total financial assets 1342.1 1419.1 1534.2 1823.2 1604.8 1724.8 1762.2 1823.2 1939.6 1

 2 FL473013005 Reserves at Federal Reserve 69.3 62.9 83.0 188.0 116.0 162.0 159.7 188.0 244.6 2

 3 FL472050053 Federal funds and security repos 0.2 0.2 0.8 0.5 0.8 0.8 0.8 0.5 0.5 3

 4 LM474022005 Debt securities 213.0 201.8 221.3 311.1 235.2 267.5 290.9 311.1 374.2 4

 5 FL473069153 Open market paper 0.0 0.2 0.7 0.3 1.2 0.7 0.3 0.3 0.2 5

 6 LM473061105 Treasury securities 29.3 31.1 37.5 45.5 38.7 42.2 43.4 45.5 50.8 6

 7 LM473061705 Agency- and GSE-backed securities 168.0 155.3 165.0 239.0 174.4 201.8 222.7 239.0 293.9 7

 8 LM473062005 Municipal securities 5.1 4.8 5.5 10.1 6.3 7.4 8.6 10.1 10.9 8

 9 LM473063005 Corporate and foreign bonds 10.7 10.4 12.6 16.2 14.6 15.5 16.0 16.2 18.5 9

 10 FL474023000 Loans 978.4 1065.2 1133.6 1193.9 1143.6 1168.1 1186.6 1193.9 1198.0 10

 11 FL473068005 Depository institution loans n.e.c. 57.8 61.0 71.0 78.7 69.7 76.4 77.6 78.7 87.8 11

 12 FL473065100 One-to-four-family residential mortgages 481.4 523.0 564.5 610.1 578.7 593.4 605.2 610.1 613.4 12

 13 FL473066000 Consumer credit 439.3 481.2 498.0 505.1 495.2 498.3 503.9 505.1 496.8 13

 14 LM473064205 Mutual fund shares 2.3 2.5 3.3 4.8 3.2 3.8 4.0 4.8 6.1 14

 15 FL473090005 Miscellaneous assets 79.0 86.5 92.2 124.8 106.0 122.8 120.1 124.8 116.2 15

 16 FL474190005 Total liabilities 1211.7 1279.7 1375.4 1646.1 1439.2 1553.5 1587.9 1646.1 1765.3 16

 17 FL474110005 Net interbank liabilities -42.4 -38.4 -39.1 -35.2 -43.3 -37.4 -38.2 -35.2 -28.9 17

 18 FL473127003 Checkable deposits 172.4 193.8 212.1 297.1 231.0 265.4 273.7 297.1 341.1 18

 19 FL473130005 Time and savings deposits 1008.6 1048.3 1130.6 1317.7 1168.7 1250.9 1281.3 1317.7 1390.2 19

 20 FL472150053 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FL473169333 Loans (other loans and advances) 54.8 57.7 52.3 43.3 62.9 50.5 47.7 43.3 40.3 21

 22 FL473193005 Miscellaneous liabilities 18.3 18.3 19.4 23.3 19.9 24.1 23.3 23.3 22.6 22

 Memo:

 23 FL473139103 Uninsured deposits (1) 71.3 78.6 93.7 119.5 96.0 105.5 111.8 119.5 128.5 23

(1) Includes checkable deposits (line 18) and time and savings deposits (line 19) not insured by the National Credit Union Share Insurance Fund.
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L.115 Property-Casualty Insurance Companies

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL514090005 Total financial assets 2388.0 2412.5 2650.0 2834.2 2563.1 2700.9 2768.4 2834.2 2859.3 1

 2 FL513020005 Checkable deposits and currency 31.9 30.2 47.6 50.2 44.2 54.5 46.3 50.2 57.5 2

 3 FL513034005 Money market fund shares 19.6 22.3 24.7 34.7 24.7 32.8 30.1 34.7 38.5 3

 4 FL512051005 Security repurchase agreements 1.4 1.3 2.0 2.2 2.3 3.0 3.1 2.2 2.3 4

 5 LM514022005 Debt securities 1097.2 1118.6 1192.8 1270.2 1184.1 1248.6 1270.6 1270.2 1243.6 5

 6 FL513069105 Open market paper 11.4 9.2 9.7 8.9 11.1 13.4 13.3 8.9 9.2 6

 7 LM513061105 Treasury securities 149.6 156.8 153.4 157.5 163.1 167.4 170.7 157.5 162.7 7

 8 LM513061705 Agency- and GSE-backed securities 115.1 127.0 149.7 145.3 151.0 143.9 148.7 145.3 139.5 8

 9 LM513062005 Municipal securities 338.9 291.6 285.2 297.9 281.5 287.5 291.1 297.9 294.3 9

 10 LM513063005 Corporate and foreign bonds 482.2 534.0 594.8 660.7 577.4 636.3 646.8 660.7 637.9 10

 11 FL513065505 Loans (commercial mortgages) 17.8 20.5 22.9 24.3 23.6 23.7 23.5 24.3 24.3 11

 12 LM513064105 Corporate equities 410.6 392.1 493.9 518.6 399.8 431.7 461.9 518.6 547.0 12

 13 LM513064205 Mutual fund shares 24.4 21.3 25.8 29.7 21.8 25.6 28.0 29.7 31.0 13

 14 FL513070005 Trade receivables 168.2 186.1 192.7 210.7 201.0 212.8 224.9 210.7 218.2 14

 15 LM513092003 U.S. direct investment abroad 163.6 140.5 162.6 194.1 125.0 143.7 161.6 194.1 200.9 15

 16 FL513090005 Miscellaneous assets 453.3 479.7 485.1 499.6 536.7 524.6 518.4 499.6 495.9 16

 17 FL513092403 Equity in FHLB 0.2 0.2 0.2 0.8 0.3 0.4 0.8 0.8 0.7 17

 18 FL513076005 Policy payables (1) 299.4 308.1 318.6 322.4 319.1 321.2 324.8 322.4 330.2 18

 19 FL513093005 Other 153.8 171.3 166.3 176.4 217.3 203.0 192.9 176.4 165.0 19

 20 FL514190005 Total liabilities 1579.1 1626.1 1708.9 1802.2 1715.2 1757.8 1808.5 1802.2 1859.0 20

 21 FL512151003 Security repurchase agreements 0.4 0.2 0.2 0.2 0.2 0.3 0.3 0.2 0.3 21

 22 FL513169333 Loans (other loans and advances) 2.9 3.3 3.5 10.0 6.0 6.3 11.2 10.0 9.3 22

 23 FL513170005 Trade payables 68.4 76.8 79.5 90.5 80.8 87.1 97.4 90.5 92.7 23

 24 FL513178005 Taxes payable 14.0 13.2 12.9 13.4 15.6 15.9 12.2 13.4 15.0 24

 25 LM513192305 Foreign direct investment: intercompany debt 16.5 14.2 13.1 12.7 12.7 11.6 11.5 12.7 12.5 25

 26 FL513190005 Miscellaneous liabilities 1476.9 1518.3 1599.7 1675.3 1599.8 1636.7 1675.9 1675.3 1729.1 26

 27 FL513194733 Investment by parent companies 4.8 6.0 6.8 2.9 6.7 1.9 3.0 2.9 3.7 27

 28 FL513176005 Policy payables 1250.2 1294.2 1338.2 1393.5 1345.2 1364.5 1394.8 1393.5 1427.0 28

 29 FL513193005 Other 221.9 218.1 254.6 279.0 248.0 270.4 278.0 279.0 298.5 29

 Memo:

 30 LM513192103 Foreign direct investment: equity 171.4 157.6 180.5 244.4 144.5 174.8 189.4 244.4 260.7 30

 31 FL513200003 Securities lending (2) 5.1 5.9 6.0 5.5 5.9 6.0 6.1 5.5 6.7 31

 32 FL514090023 Financial guaranty insurers’ total assets (3) 26.5 23.5 21.8 20.9 20.8 21.1 21.0 20.9 21.6 32

 33 FL514090033 Mortgage guaranty insurers’ total assets (3) 22.1 25.5 27.2 30.1 27.1 28.7 29.2 30.1 31.0 33

 34 FL513176015 Direct reserve 1060.0 1088.0 1124.9 1175.2 1131.3 1147.8 1173.5 1175.2 1203.4 34

 35 FL513176025 Reinsured to U.S. reinsurers 140.1 147.0 152.0 159.1 152.9 156.9 163.5 159.1 163.0 35

 36 FL263176005 Reinsured to non-U.S. reinsurers 159.3 161.1 166.6 163.3 166.1 164.3 161.3 163.3 167.2 36

 37 FL263076005 Reinsured from non-U.S. reinsurers 50.1 59.2 61.3 59.1 61.0 59.8 57.8 59.1 60.6 37

(1) Policy payables due from reinsurers.

(2) Liability for securities lending collateral, included in line 29.

(3) Total nonfinancial and financial assets of financial guaranty insurers and mortgage guaranty insurers as reported in statutory financial statements, with securities reported at book/adjusted

 carrying value.
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L.116 Life Insurance Companies (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL544090005 Total financial assets 7747.3 7566.4 8507.2 9406.1 8294.1 8853.7 9028.4 9406.1 9250.8 1

 2 FL543020005 Checkable deposits and currency 91.1 90.7 94.7 127.7 143.6 148.5 132.1 127.7 121.3 2

 3 FL543034005 Money market fund shares 48.2 55.0 58.6 66.5 88.4 84.6 73.0 66.5 62.5 3

 4 FL542051075 Security repurchase agreements 2.0 2.2 6.3 8.2 9.6 8.5 10.6 8.2 7.0 4

 5 LM544022005 Debt securities 3591.2 3509.2 4023.0 4431.5 3964.5 4257.3 4345.0 4431.5 4221.9 5

 6 FL543069105 Open market paper 38.1 33.1 28.8 34.0 38.3 34.8 40.4 34.0 31.1 6

 7 LM543061105 Treasury securities 228.3 203.7 215.3 240.7 233.2 235.2 242.6 240.7 225.4 7

 8 LM543061705 Agency- and GSE-backed securities 386.6 364.9 388.4 366.4 397.5 381.9 377.4 366.4 348.9 8

 9 LM543062005 Municipal securities 197.8 190.0 215.0 234.2 214.8 222.1 227.4 234.2 231.6 9

 10 LM543063005 Corporate and foreign bonds 2740.5 2717.5 3175.5 3556.2 3080.7 3383.2 3457.2 3556.2 3385.0 10

 11 FL544023005 Loans 670.3 730.5 780.6 807.8 792.8 794.7 796.4 807.8 809.8 11

 12 FL543069005 Other loans and advances 163.6 162.4 161.4 163.1 166.2 163.8 163.9 163.1 163.8 12

 13 FL543065005 Mortgages 506.7 568.1 619.2 644.7 626.6 630.9 632.6 644.7 646.0 13

 14 LM543064105 Corporate equities 622.9 538.0 644.6 729.8 556.1 623.4 658.6 729.8 750.5 14

 15 LM543064205 Mutual fund shares 1572.3 1402.5 1599.0 1702.1 1300.3 1487.1 1551.6 1702.1 1732.4 15

 16 FL543070005 Trade receivables 102.2 101.5 108.0 130.4 112.9 120.1 124.8 130.4 134.1 16

 17 FL543040005 Life insurance reserves 286.6 250.4 257.1 262.7 258.4 260.2 261.3 262.7 260.6 17

 18 FL543050005 Pension entitlements 91.4 191.4 199.5 291.3 219.7 249.1 268.3 291.3 292.3 18

 19 LM543092073 U.S. direct investment abroad 87.9 65.3 87.4 87.4 67.1 77.2 78.7 87.4 88.8 19

 20 FL543090005 Miscellaneous assets 581.3 629.8 648.5 760.6 780.7 743.0 727.9 760.6 769.5 20

 21 FL543092473 Equity in FHLB 4.2 4.7 5.2 8.0 6.0 7.0 7.3 8.0 8.5 21

 22 FL543077073 Deferred and unpaid life ins. premiums 33.1 35.0 36.5 36.6 39.0 38.1 37.7 36.6 38.7 22

 23 FL543095105 Other reserves 69.8 74.3 77.6 86.4 79.6 82.4 84.2 86.4 85.9 23

 24 FL543093005 Other 474.2 515.8 529.2 629.6 656.1 615.6 598.7 629.6 636.3 24

 25 FL544190005 Total liabilities 7129.6 7108.1 7653.7 8383.1 7551.4 7865.2 8031.5 8383.1 8406.0 25

 26 FL542151073 Security repurchase agreements 21.4 24.1 17.5 18.6 25.4 21.4 25.5 18.6 15.2 26

 27 FL543169373 Loans (other loans and advances) 74.8 81.1 88.7 103.9 107.7 108.2 103.6 103.9 112.3 27

 28 FL543170005 Trade payables 171.2 186.3 199.9 288.1 219.3 247.6 266.1 288.1 299.2 28

 29 FL543140005 Life insurance reserves 2008.8 2035.2 2122.4 2248.9 2122.6 2161.3 2195.6 2248.9 2237.6 29

 30 FL543150005 Pension entitlements (2) 3221.6 3175.0 3485.9 3809.4 3265.8 3481.0 3589.7 3809.4 3822.9 30

 31 FL543178075 Taxes payable 10.6 7.7 8.1 9.0 10.6 11.8 8.3 9.0 10.2 31

 32 LM543192375 Foreign direct investment: intercompany debt 15.6 12.6 12.3 12.4 12.0 11.0 10.6 12.4 12.2 32

 33 FL543190005 Miscellaneous liabilities 1605.7 1586.1 1718.9 1892.7 1787.9 1822.9 1832.1 1892.7 1896.4 33

 34 FL543194733 Investment by parent companies 15.8 4.8 5.9 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 FL673090543 Funding agreements backing securities (3) 83.0 86.0 92.3 111.3 98.1 102.5 108.0 111.3 119.2 35

 36 FL543195005 Other reserves (4) 382.4 408.7 426.6 445.8 429.2 435.2 442.1 445.8 448.1 36

 37 FL593095005 Unallocated insurance contracts 805.3 788.4 843.6 877.8 806.7 833.2 848.8 877.8 877.2 37

 38 FL543193005 Other 319.3 298.2 350.5 457.8 453.8 452.0 433.3 457.8 451.9 38

 Memo:

 39 LM543192173 Foreign direct investment: equity 161.9 139.7 170.4 237.2 136.5 165.0 175.5 237.2 253.4 39

 40 FL543200073 Securities lending (5) 49.0 42.6 44.7 48.1 46.4 47.0 46.8 48.1 52.3 40

 41 FL543176015 Direct reserve 6165.0 6114.9 6584.4 7099.6 6350.0 6635.9 6797.2 7099.6 7117.4 41

 42 FL543176025 Reinsured to U.S. reinsurers 639.0 705.1 733.6 860.9 761.6 802.4 829.1 860.9 858.9 42

 43 FL543076035 Reinsured to non-U.S. reinsurers 363.5 444.4 460.6 549.1 480.0 508.4 526.9 549.1 547.9 43

 44 FL543176035 Reinsured from non-U.S. reinsurers 25.7 26.0 27.0 5.4 22.2 15.3 10.8 5.4 5.4 44

(1) Additional detail on the financial assets and liabilities held in life insurer’s general and separate accounts is available on tables L.116.g and L.116.s.

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 37.

(3) Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities.

(4) Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.

(5) Liability for securities lending collateral, included in line 38.
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L.116.g Life Insurance Companies: General Accounts

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL544090075 Total financial assets 5048.7 5118.4 5725.3 6347.0 5885.9 6166.1 6231.0 6347.0 6169.1 1

 2 FL543020075 Checkable deposits and currency 63.1 59.4 67.6 90.3 114.9 117.0 98.0 90.3 84.3 2

 3 FL543034075 Money market fund shares 25.4 26.6 33.3 36.3 53.9 52.2 41.5 36.3 33.3 3

 4 FL542051075 Security repurchase agreements 2.0 2.2 6.3 8.2 9.6 8.5 10.6 8.2 7.0 4

 5 LM544022075 Debt securities 3175.5 3110.6 3569.9 3917.4 3508.3 3780.8 3854.5 3917.4 3737.0 5

 6 FL543069175 Open market paper 25.6 23.5 20.4 20.9 29.2 24.4 28.8 20.9 18.4 6

 7 LM543061175 Treasury securities 174.6 154.8 165.3 187.0 183.4 184.0 190.6 187.0 175.3 7

 8 LM543061775 Agency- and GSE-backed securities 292.9 275.2 289.8 266.9 301.0 284.0 279.6 266.9 252.5 8

 9 LM543062075 Municipal securities 189.0 181.7 204.1 221.5 203.7 210.5 215.3 221.5 219.2 9

 10 LM543063075 Corporate and foreign bonds 2493.4 2475.5 2890.3 3221.1 2791.0 3077.9 3140.2 3221.1 3071.6 10

 11 FL544023075 Loans 640.4 695.0 743.6 766.8 755.8 756.3 757.1 766.8 769.2 11

 12 FL543069075 Other loans and advances 158.8 157.8 161.4 163.1 166.2 163.8 163.9 163.1 163.8 12

 13 FL543065075 Mortgages 481.6 537.2 582.2 603.7 589.6 592.5 593.3 603.7 605.5 13

 14 LM543064175 Corporate equities 96.0 92.6 102.8 110.3 102.8 98.4 102.1 110.3 118.5 14

 15 LM543064275 Mutual fund shares 7.3 6.8 8.0 7.8 6.4 7.4 7.2 7.8 7.9 15

 16 FL543070075 Trade receivables 102.2 101.4 108.0 130.4 112.9 120.1 124.8 130.4 134.1 16

 17 FL543040075 Life insurance reserves 286.6 250.4 257.1 262.7 258.4 260.2 261.3 262.7 260.6 17

 18 FL543050075 Pension entitlements 91.3 188.5 196.3 289.8 216.9 246.8 266.5 289.8 290.9 18

 19 LM543092073 U.S. direct investment abroad 87.9 65.3 87.4 87.4 67.1 77.2 78.7 87.4 88.8 19

 20 FL543090075 Miscellaneous assets 471.0 519.7 544.9 639.4 678.9 641.5 628.7 639.4 637.4 20

 21 FL544190075 Total liabilities 4419.5 4645.5 4856.4 5309.8 5130.5 5164.1 5220.6 5309.8 5308.1 21

 22 FL542151073 Security repurchase agreements 21.4 24.1 17.5 18.6 25.4 21.4 25.5 18.6 15.2 22

 23 FL543169373 Loans (other loans and advances) 74.8 81.1 88.7 103.9 107.7 108.2 103.6 103.9 112.3 23

 24 FL543170075 Trade payables 171.2 185.3 198.8 287.5 218.3 246.7 265.3 287.5 298.6 24

 25 FL543140075 Life insurance reserves 1656.7 1698.6 1744.3 1835.4 1795.8 1797.1 1816.9 1835.4 1820.7 25

 26 FL543150075 Pension entitlements (1) 1211.3 1366.2 1405.4 1518.6 1466.6 1467.4 1494.8 1518.6 1513.8 26

 27 FL543178075 Taxes payable 10.6 7.7 8.1 9.0 10.6 11.8 8.3 9.0 10.2 27

 28 LM543192375 Foreign direct investment: intercompany debt 15.6 12.6 12.3 12.4 12.0 11.0 10.6 12.4 12.2 28

 29 FL543190075 Miscellaneous liabilities 1257.9 1269.9 1381.3 1524.5 1494.1 1500.7 1495.5 1524.5 1525.2 29

 Memo:

 30 LM543192173 Foreign direct investment: equity 161.9 139.7 170.4 237.2 136.5 165.0 175.5 237.2 253.4 30

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds which are included in miscellaneous liabilities (line 29).

L.116.s Life Insurance Companies: Separate Accounts

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL544090085 Total financial assets 2698.6 2447.9 2781.9 3059.0 2408.2 2687.5 2797.4 3059.0 3081.7 1

 2 FL543020083 Checkable deposits and currency 28.0 31.3 27.1 37.3 28.7 31.5 34.0 37.3 36.9 2

 3 FL543034385 Money market fund shares 22.8 28.4 25.2 30.2 34.5 32.5 31.4 30.2 29.2 3

 4 LM544022085 Debt securities 415.7 398.6 453.1 514.1 456.3 476.6 490.5 514.1 484.9 4

 5 FL543069183 Open market paper 12.4 9.7 8.3 13.1 9.2 10.4 11.6 13.1 12.7 5

 6 LM543061183 Treasury securities 53.7 48.8 50.0 53.7 49.7 51.2 52.0 53.7 50.1 6

 7 LM543061783 Agency- and GSE-backed securities 93.8 89.7 98.5 99.5 96.5 97.9 97.9 99.5 96.4 7

 8 LM543062083 Municipal securities 8.8 8.3 11.0 12.7 11.1 11.7 12.1 12.7 12.4 8

 9 LM543063085 Corporate and foreign bonds 247.1 242.0 285.3 335.2 289.8 305.3 317.0 335.2 313.4 9

 10 FL544023085 Loans 29.8 35.5 36.9 41.0 37.0 38.4 39.3 41.0 40.5 10

 11 FL543069483 Other loans and advances 4.8 4.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FL543065083 Mortgages 25.0 30.9 36.9 41.0 37.0 38.4 39.3 41.0 40.5 12

 13 LM543064185 Corporate equities 526.9 445.4 541.8 619.5 453.3 525.0 556.6 619.5 632.0 13

 14 LM543064385 Mutual fund shares 1565.0 1395.8 1590.9 1694.3 1293.9 1479.7 1544.4 1694.3 1724.5 14

 15 FL543070085 Trade receivables 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL543040085 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FL543050085 Pension entitlements 0.1 2.8 3.2 1.4 2.8 2.3 1.9 1.4 1.5 17

 18 FL543090085 Miscellaneous assets 110.3 110.1 103.6 121.2 101.8 101.5 99.2 121.2 132.1 18

 19 FL544190085 Total liabilities 2710.2 2462.6 2797.3 3073.2 2420.9 2701.0 2810.9 3073.2 3097.9 19

 20 FL543170085 Trade payables 0.0 1.1 1.1 0.6 1.0 0.9 0.8 0.6 0.6 20

 21 LM543140085 Life insurance reserves 352.1 336.6 378.1 413.6 326.8 364.3 378.7 413.6 416.9 21

 22 LM543150085 Pension entitlements (1) 2010.2 1808.8 2080.4 2290.8 1799.2 2013.6 2094.9 2290.8 2309.1 22

 23 FL543190085 Miscellaneous liabilities 347.8 316.2 337.6 368.2 293.8 322.3 336.6 368.2 371.3 23

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds which are included in miscellaneous liabilities (line 23).
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94 Z.1, June 10, 2021

L.117 Private and Public Pension Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL594090005 Total financial assets (2) 22632.5 22593.4 24219.9 25641.7 23199.6 24263.0 24792.9 25641.7 26034.7 1

 2 FL593020005 Checkable deposits and currency 53.0 46.1 40.5 46.4 39.8 38.3 38.6 46.4 47.4 2

 3 FL593030005 Time and savings deposits 37.5 32.1 34.1 31.2 34.0 32.2 31.6 31.2 30.7 3

 4 FL593034005 Money market fund shares 221.0 218.2 180.6 185.0 192.4 190.5 190.2 185.0 185.0 4

 5 FL592051005 Security repurchase agreements 7.6 7.0 9.3 10.1 8.9 6.4 4.9 10.1 10.3 5

 6 LM594022005 Debt securities 4099.8 4453.3 4747.4 5187.0 4787.8 4907.8 5014.4 5187.0 5047.5 6

 7 FL593069105 Open market paper 96.9 89.7 48.0 42.8 51.3 46.2 46.0 42.8 41.9 7

 8 LM593061105 Treasury securities (3) 2370.6 2779.3 2913.1 3157.2 2963.8 2948.4 3026.3 3157.2 3112.1 8

 9 LM593061705 Agency- and GSE-backed securities 312.3 355.7 405.7 443.9 432.4 423.5 439.6 443.9 444.0 9

 10 LM593062045 Municipal securities 3.4 4.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 LM593063005 Corporate and foreign bonds 1316.6 1224.5 1380.6 1543.1 1340.2 1489.7 1502.4 1543.1 1449.5 11

 12 FL594023005 Loans 185.2 36.1 33.5 35.0 34.6 34.2 34.8 35.0 35.2 12

 13 FL313169003 Other loans and advances 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL593065005 Mortgages 33.6 36.1 33.5 35.0 34.6 34.2 34.8 35.0 35.2 14

 15 LM593064105 Corporate equities 5744.0 5218.6 6060.4 6669.5 4925.7 5624.3 6052.3 6669.5 6949.8 15

 16 LM593064205 Mutual fund shares 4368.0 4041.5 4611.7 5025.7 3823.7 4374.9 4592.5 5025.7 5186.2 16

 17 FL593090005 Miscellaneous assets 7916.4 8540.4 8502.4 8451.7 9352.7 9054.4 8833.5 8451.7 8542.6 17

 18 FL593095005 Unallocated insurance contracts (4) 805.3 788.4 843.6 877.8 806.7 833.2 848.8 877.8 877.2 18

 19 FL573074005 Contributions receivable 119.3 84.7 83.8 76.7 87.0 83.1 80.2 76.7 75.1 19

 20 FL593073005 Claims of pension fund on sponsor (5) 6020.6 6703.7 5945.6 5742.4 6913.5 6493.9 6288.4 5742.4 5775.9 20

 21 FL593093005 Other 971.2 963.6 1629.4 1754.8 1545.6 1644.3 1616.2 1754.8 1814.3 21

 22 FL594190005 Pension entitlements (liabilities) (6) 22754.0 22699.2 24378.2 25822.6 23345.0 24407.7 24937.5 25822.6 26219.5 22

 Memo:

 Funded status of defined benefit plans:

 23 FL594190045 Pension entitlements 15188.9 15523.3 15880.9 16226.7 15963.6 16051.2 16138.5 16226.7 16314.5 23

 24 FL592000075 Funded by assets (7) 9168.3 8819.6 9935.3 10484.3 9050.1 9557.3 9850.2 10484.3 10538.6 24

 25 FL593073045 Unfunded (line 18) 6020.6 6703.7 5945.6 5742.4 6913.5 6493.9 6288.4 5742.4 5775.9 25

 26 FL153050015 Household retirement assets (8) 34767.6 34385.2 38029.0 41096.0 35330.8 37847.7 39017.2 41096.0 ND 26

 27 FL594190045 Defined benefit plans 15188.9 15523.3 15880.9 16226.7 15963.6 16051.2 16138.5 16226.7 16314.5 27

 28 FL594090055 Defined contribution plans 7565.1 7175.9 8497.3 9595.9 7381.3 8356.5 8798.9 9595.9 9905.0 28

 29 LM893131573 Individual retirement plans (IRAs) (9) 9439.0 9135.0 10850.0 12210.0 9365.0 10640.0 11190.0 12210.0 ND 29

 30 FL543150015 Annuities at life insurance companies (10) 2574.6 2551.0 2800.9 3063.4 2620.8 2800.0 2889.7 3063.4 ND 30

(1) Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Includes both marketable and nonmarketable government securities.

(4) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.

(5) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(6) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(7) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.

(8) Households’ retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.

(9) IRA assets are not included above. See memo items on table L.227 for a sectoral distribution of IRA accounts.

(10) Annuities held in IRAs are excluded. They are included in line 29.
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L.118 Private Pension Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL574090005 Total financial assets (2) 10020.1 9684.1 10879.3 11834.9 9883.6 10742.8 11131.9 11834.9 12109.6 1

 2 FL573020005 Checkable deposits and currency 21.8 16.8 16.9 17.0 17.2 17.1 17.0 17.0 16.9 2

 3 FL573030005 Time and savings deposits 35.0 30.0 29.7 28.9 29.8 29.5 29.2 28.9 28.7 3

 4 FL573034005 Money market fund shares 158.9 158.5 160.0 161.8 162.8 162.8 162.9 161.8 161.4 4

 5 FL572051005 Security repurchase agreements 2.9 2.5 2.4 2.3 2.4 2.4 2.4 2.3 2.3 5

 6 LM574022005 Debt securities 1391.2 1416.1 1607.8 1828.6 1637.7 1728.4 1765.2 1828.6 1757.0 6

 7 FL573069105 Open market paper 42.9 37.6 37.4 36.6 37.5 37.2 36.9 36.6 36.4 7

 8 LM573061105 Treasury securities 350.9 371.9 420.7 506.6 472.3 486.2 497.6 506.6 489.1 8

 9 LM573061705 Agency- and GSE-backed securities 193.6 205.0 229.1 240.1 245.0 228.3 232.9 240.1 240.1 9

 10 LM573063005 Corporate and foreign bonds 803.8 801.5 920.7 1045.4 882.9 976.8 997.8 1045.4 991.3 10

 11 FL573065005 Loans (mortgages) 26.7 23.8 25.1 26.9 25.8 26.1 26.5 26.9 27.2 11

 12 LM573064105 Corporate equities 2713.0 2448.0 3135.8 3477.3 2492.7 2927.0 3123.9 3477.3 3674.9 12

 13 LM573064205 Mutual fund shares 3886.7 3594.6 4238.5 4603.7 3519.2 4021.3 4221.4 4603.7 4749.6 13

 14 FL573090005 Miscellaneous assets 1784.0 1994.0 1663.1 1688.4 1996.0 1828.1 1783.4 1688.4 1691.6 14

 15 FL573095005 Unallocated insurance contracts (3) 565.1 555.8 589.6 603.2 558.9 577.3 584.1 603.2 604.1 15

 16 FL573074005 Contributions receivable 119.3 84.7 83.8 76.7 87.0 83.1 80.2 76.7 75.1 16

 17 FL573073005 Claims of pension fund on sponsor (4) 326.7 590.0 175.7 147.1 531.1 335.2 273.0 147.1 140.3 17

 18 FL573093005 Other 772.9 763.5 813.9 861.3 819.0 832.4 846.0 861.3 872.0 18

 19 FL574190005 Pension entitlements (liabilities) (5) 10056.7 9720.7 10915.8 11871.4 9920.1 10779.3 11168.4 11871.4 12146.1 19

 Memo:

 Funded status of defined benefit plans:

 20 FL574190043 Pension entitlements 3516.0 3520.6 3534.7 3534.3 3534.6 3534.5 3534.4 3534.3 3534.2 20

 21 FL572000075 Funded by assets (6) 3189.3 2930.6 3359.0 3387.1 3003.5 3199.3 3261.4 3387.1 3393.9 21

 22 FL573073005 Unfunded (line 17) 326.7 590.0 175.7 147.1 531.1 335.2 273.0 147.1 140.3 22

 Total financial assets

 23 FL574090045 Defined benefit plans (7) 3479.5 3484.0 3498.2 3497.7 3498.1 3498.0 3497.9 3497.7 3497.6 23

 24 FL574090055 Defined contribution plans (8) 6540.6 6200.1 7381.1 8337.1 6385.5 7244.8 7634.0 8337.1 8611.9 24

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.

(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(6) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.

(7) Additional detail on defined benefit plans is available on tables L.118.b.

(8) Additional detail on defined contribution plans is available on table L.118.c.
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L.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL574090045 Total financial assets (1) 3479.5 3484.0 3498.2 3497.7 3498.1 3498.0 3497.9 3497.7 3497.6 1

 2 FL573020043 Checkable deposits and currency 9.8 8.9 8.7 8.3 8.8 8.6 8.5 8.3 8.2 2

 3 FL573030043 Time and savings deposits 31.2 26.0 25.7 24.8 25.8 25.4 25.1 24.8 24.6 3

 4 FL573034043 Money market fund shares 37.3 31.1 30.7 29.6 30.8 30.4 30.0 29.6 29.4 4

 5 FL572051043 Security repurchase agreements 2.9 2.5 2.4 2.3 2.4 2.4 2.4 2.3 2.3 5

 6 LM574022045 Debt securities 980.7 1000.4 1115.4 1229.6 1093.1 1155.1 1181.0 1229.6 1176.6 6

 7 FL573069143 Open market paper 34.0 28.3 28.0 27.0 28.1 27.7 27.3 27.0 26.8 7

 8 LM573061143 Treasury securities 214.3 225.4 246.1 287.0 263.2 273.1 280.6 287.0 276.8 8

 9 LM573061743 Agency- and GSE-backed securities 120.6 126.7 137.2 137.6 140.1 129.5 132.8 137.6 137.6 9

 10 LM573063043 Corporate and foreign bonds 611.8 620.0 704.1 778.0 661.8 724.8 740.2 778.0 735.4 10

 11 FL573065043 Loans (mortgages) 15.8 14.3 14.3 14.4 14.3 14.3 14.4 14.4 14.4 11

 12 LM573064143 Corporate equities 1210.9 1055.5 1316.4 1268.4 1046.8 1162.4 1199.2 1268.4 1325.8 12

 13 LM573064243 Mutual fund shares 411.5 344.9 394.4 364.0 335.6 354.5 355.5 364.0 367.4 13

 14 FL573090045 Miscellaneous assets 779.3 1000.4 590.2 556.3 940.4 744.8 681.9 556.3 548.9 14

 15 FL573095405 Unallocated insurance contracts (2) 62.2 62.8 70.7 75.6 64.4 68.8 71.4 75.6 77.0 15

 16 FL573074043 Contributions receivable 83.3 46.8 42.4 30.6 43.8 39.0 35.2 30.6 28.3 16

 17 FL573073005 Claims of pension fund on sponsor (3) 326.7 590.0 175.7 147.1 531.1 335.2 273.0 147.1 140.3 17

 18 FL573093043 Other 307.0 300.8 301.4 303.0 301.2 301.8 302.3 303.0 303.3 18

 19 FL574190043 Pension entitlements (liabilities) (4) 3516.0 3520.6 3534.7 3534.3 3534.6 3534.5 3534.4 3534.3 3534.2 19

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued defined benefit pension entitlements.

L.118.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL574090055 Total financial assets 6540.6 6200.1 7381.1 8337.1 6385.5 7244.8 7634.0 8337.1 8611.9 1

 2 FL573020033 Checkable deposits and currency 12.0 7.9 8.2 8.6 8.4 8.4 8.5 8.6 8.7 2

 3 FL573030033 Time and savings deposits 3.8 4.0 4.0 4.1 4.1 4.1 4.1 4.1 4.1 3

 4 FL573034055 Money market fund shares 121.5 127.4 129.3 132.2 132.0 132.5 132.9 132.2 132.0 4

 5 FL572051033 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 LM574022035 Debt securities 410.5 415.6 492.4 599.0 544.6 573.4 584.3 599.0 580.3 6

 7 FL573069133 Open market paper 8.9 9.3 9.4 9.6 9.5 9.5 9.5 9.6 9.6 7

 8 LM573061133 Treasury securities 136.6 146.6 174.6 219.6 209.1 213.0 217.0 219.6 212.3 8

 9 LM573061733 Agency- and GSE-backed securities 73.1 78.4 91.9 102.5 104.9 98.8 100.2 102.5 102.5 9

 10 LM573063033 Corporate and foreign bonds 191.9 181.5 216.5 267.4 221.1 252.1 257.5 267.4 255.9 10

 11 FL573065033 Loans (mortgages) 10.8 9.5 10.8 12.5 11.5 11.8 12.2 12.5 12.8 11

 12 LM573064133 Corporate equities 1502.1 1392.5 1819.3 2208.9 1445.9 1764.6 1924.7 2208.9 2349.1 12

 13 LM573064255 Mutual fund shares 3475.2 3249.7 3844.1 4239.6 3183.6 3666.8 3865.9 4239.6 4382.1 13

 14 FL573090055 Miscellaneous assets 1004.7 993.6 1072.9 1132.0 1055.6 1083.3 1101.5 1132.0 1142.7 14

 15 FL573095505 Unallocated insurance contracts (2) 502.9 493.0 519.0 527.6 494.5 508.6 512.8 527.6 527.1 15

 16 FL573074033 Contributions receivable 35.9 37.9 41.4 46.1 43.2 44.1 45.0 46.1 46.8 16

 17 FL573093055 Other 465.9 462.8 512.5 558.4 517.8 530.6 543.7 558.4 568.7 17

 18 FL574090055 Pension entitlements (liabilities) 6540.6 6200.1 7381.1 8337.1 6385.5 7244.8 7634.0 8337.1 8611.9 18

(1) Includes 401(k) and 403(b) type plans.

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
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L.119 Federal Government Employee Retirement Funds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL344090005 Total financial assets (1) 3907.2 3976.6 4134.6 4309.2 4076.4 4174.5 4228.5 4309.2 4357.9 1

 2 FL343020033 Checkable deposits and currency 1.0 0.8 0.7 0.9 0.7 0.8 0.8 0.9 0.9 2

 3 LM344022005 Debt securities 1753.6 2061.7 2177.4 2326.5 2181.6 2185.0 2232.0 2326.5 2318.2 3

 4 LM343061105 Treasury securities (2) 1730.3 2039.6 2151.3 2297.4 2157.8 2158.7 2204.5 2297.4 2290.4 4

 5 LM343061705 Agency- and GSE-backed securities 9.1 8.8 10.5 11.7 10.1 10.7 11.0 11.7 11.3 5

 6 LM343062033 Municipal securities 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 LM343063005 Corporate and foreign bonds 14.1 13.2 15.6 17.3 13.7 15.6 16.5 17.3 16.5 7

 8 FL313169003 Loans (other loans and advances) (3) 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 LM343064105 Corporate equities 324.2 292.1 370.7 418.4 277.9 342.5 366.0 418.4 448.9 9

 10 FL343073045 Claims of pension fund on sponsor (misc. assets) (4) 1676.8 1622.1 1585.8 1563.4 1616.1 1646.2 1629.7 1563.4 1590.0 10

 11 FL344090005 Pension entitlements (liabilities) (5) 3907.2 3976.6 4134.6 4309.2 4076.4 4174.5 4228.5 4309.2 4357.9 11

 Memo:

 Funded status of defined benefit plans:

 12 FL344090045 Pension entitlements 3349.9 3417.9 3495.3 3574.5 3511.4 3532.3 3553.0 3574.5 3595.7 12

 13 FL342000075 Funded by assets (6) 1673.2 1795.8 1909.5 2011.1 1895.3 1886.1 1923.4 2011.1 2005.7 13

 14 FL343073045 Unfunded (line 10) 1676.8 1622.1 1585.8 1563.4 1616.1 1646.2 1629.7 1563.4 1590.0 14

 Total financial assets

 15 FL344090045 Defined benefit plans (7) 3349.9 3417.9 3495.3 3574.5 3511.4 3532.3 3553.0 3574.5 3595.7 15

 16 FL344090055 Defined contribution plans (8) 557.3 558.7 639.3 734.6 565.0 642.2 675.5 734.6 762.2 16

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Comprised primarily of nonmarketable Treasury securities.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.

(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(5) Actuarial value of projected pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(6) Total defined benefit financial assets less defined benefit claims of pension fund on sponsor.

(7) Additional detail on defined benefit plans is available on table L.119.b.

(8) Additional detail on defined contribution plans is available on table L.119.c.
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L.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL344090045 Total financial assets (2) 3349.9 3417.9 3495.3 3574.5 3511.4 3532.3 3553.0 3574.5 3595.7 1

 2 FL343020033 Checkable deposits and currency 1.0 0.8 0.7 0.9 0.7 0.8 0.8 0.9 0.9 2

 3 LM344022045 Debt securities 1656.7 1780.9 1893.4 1994.6 1881.9 1871.6 1907.7 1994.6 1988.7 3

 4 LM343061165 Treasury securities (3) 1651.1 1775.8 1887.7 1989.3 1877.1 1866.5 1902.7 1989.3 1983.1 4

 5 LM343061733 Agency- and GSE-backed securities 0.9 0.9 1.1 0.8 0.9 1.0 0.8 0.8 0.9 5

 6 LM343062033 Municipal securities 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 LM343063033 Corporate and foreign bonds 4.6 4.1 4.7 4.5 3.8 4.1 4.2 4.5 4.6 7

 8 LM343064135 Corporate equities 15.5 14.1 15.4 15.6 12.7 13.7 14.8 15.6 16.2 8

 9 FL343073045 Claims of pension fund on sponsor (misc. assets) (4) 1676.8 1622.1 1585.8 1563.4 1616.1 1646.2 1629.7 1563.4 1590.0 9

 10 FL344190045 Pension entitlements (liabilities) (5) 3349.9 3417.9 3495.3 3574.5 3511.4 3532.3 3553.0 3574.5 3595.7 10

(1) Includes Civil Service Retirement and Disability Fund, Railroad Retirement Board, judicial retirement fund, Military Retirement Fund, Foreign Service Retirement and

 Disability Fund, and the National Railroad Investment Trust.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Comprised primarily of nonmarketable Treasury securities.

(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(5) Actuarial value of accrued pension entitlements in defined benefit plans. These liabilities are assets of the household sector.

L.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL344090055 Total financial assets 557.3 558.7 639.3 734.6 565.0 642.2 675.5 734.6 762.2 1

 2 LM344022025 Debt securities 96.9 280.8 283.9 331.8 299.7 313.3 324.3 331.8 329.5 2

 3 LM343061155 Treasury securities (2) 79.2 263.8 263.6 308.2 280.7 292.2 301.9 308.2 307.3 3

 4 LM343061723 Agency- and GSE-backed securities 8.3 7.9 9.4 10.9 9.2 9.7 10.2 10.9 10.4 4

 5 LM343063023 Corporate and foreign bonds 9.4 9.1 10.9 12.8 9.8 11.4 12.2 12.8 11.8 5

 6 FL313169003 Loans (other loans and advances) (3) 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 LM343064125 Corporate equities 308.7 277.9 355.3 402.8 265.2 328.9 351.2 402.8 432.7 7

 8 FL344090055 Pension entitlements (liabilities) 557.3 558.7 639.3 734.6 565.0 642.2 675.5 734.6 762.2 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable Treasury securities held in the G fund and marketable Treasury securities held in the F fund.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
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L.120 State and Local Government Employee Retirement Funds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL224090005 Total financial assets (1) 8705.2 8932.7 9206.0 9497.6 9239.6 9345.7 9432.5 9497.6 9567.2 1

 2 FL223020043 Checkable deposits and currency 30.2 28.6 22.8 28.5 21.9 20.4 20.8 28.5 29.6 2

 3 FL223030043 Time and savings deposits 2.5 2.2 4.4 2.4 4.2 2.8 2.4 2.4 2.0 3

 4 FL223034005 Money market fund shares 62.1 59.7 20.6 23.2 29.6 27.6 27.3 23.2 23.6 4

 5 FL222051043 Security repurchase agreements 4.7 4.5 6.9 7.8 6.4 4.0 2.5 7.8 8.0 5

 6 LM224022045 Debt securities 955.0 975.6 962.2 1031.9 968.5 994.4 1017.1 1031.9 972.4 6

 7 FL223069143 Open market paper 54.0 52.1 10.7 6.3 13.8 9.0 9.1 6.3 5.5 7

 8 LM223061143 Treasury securities 289.4 367.9 341.1 353.2 333.8 303.6 324.1 353.2 332.6 8

 9 LM223061743 Agency- and GSE-backed securities 109.5 141.8 166.1 192.0 177.3 184.4 195.7 192.0 192.6 9

 10 LM223062043 Municipal securities 3.4 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 LM223063045 Corporate and foreign bonds 498.8 409.8 444.4 480.4 443.6 497.3 488.2 480.4 441.7 11

 12 FL223065043 Loans (mortgages) 6.9 12.3 8.3 8.1 8.8 8.0 8.3 8.1 8.0 12

 13 LM223064145 Corporate equities 2706.8 2478.6 2553.9 2773.8 2155.0 2354.7 2562.4 2773.8 2825.9 13

 14 LM223064205 Mutual fund shares 481.3 446.9 373.2 422.1 304.5 353.6 371.1 422.1 436.7 14

 15 FL223090005 Miscellaneous assets 4455.6 4924.3 5253.5 5199.9 5740.6 5580.1 5420.5 5199.9 5261.1 15

 16 FL223095505 Unallocated insurance contracts (2) 240.2 232.6 254.0 274.7 247.8 255.8 264.7 274.7 273.1 16

 17 FL223073045 Claims of pension fund on sponsor (3) 4017.1 4491.6 4184.0 4031.8 4766.2 4512.4 4385.7 4031.8 4045.6 17

 18 FL223093005 Other 198.3 200.1 815.5 893.4 726.6 811.9 770.1 893.4 942.4 18

 19 FL224190005 Pension entitlements (liabilities) (4) 8790.1 9001.9 9327.7 9642.1 9348.5 9453.8 9540.5 9642.1 9715.5 19

 Memo:

 Funded status of defined benefit plans:

 20 FL224190043 Pension entitlements 8322.9 8584.8 8850.8 9117.9 8917.6 8984.4 9051.1 9117.9 9184.7 20

 21 FL222000075 Funded by assets (5) 4305.8 4093.2 4666.8 5086.1 4151.4 4472.0 4665.5 5086.1 5139.0 21

 22 FL223073045 Unfunded (line 17) 4017.1 4491.6 4184.0 4031.8 4766.2 4512.4 4385.7 4031.8 4045.6 22

 Total financial assets

 23 FL224090045 Defined benefit plans (6) 8238.0 8515.6 8729.1 8973.5 8808.7 8876.2 8943.1 8973.5 9036.4 23

 24 FL224090055 Defined contribution plans (7) 467.2 417.1 476.9 524.2 430.9 469.5 489.4 524.2 530.8 24

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of projected pension entitlements. These liabilities are assets of the household sector.

(5) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.

(6) Additional detail on defined benefit plans is available on table L.120.b.

(7) Additional detail on defined contribution plans is available on table L.120.c.
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L.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL224090045 Total financial assets (1) 8238.0 8515.6 8729.1 8973.5 8808.7 8876.2 8943.1 8973.5 9036.4 1

 2 FL223020043 Checkable deposits and currency 30.2 28.6 22.8 28.5 21.9 20.4 20.8 28.5 29.6 2

 3 FL223030043 Time and savings deposits 2.5 2.2 4.4 2.4 4.2 2.8 2.4 2.4 2.0 3

 4 FL223034043 Money market fund shares 59.2 57.2 18.0 20.5 26.8 24.7 24.4 20.5 21.0 4

 5 FL222051043 Security repurchase agreements 4.7 4.5 6.9 7.8 6.4 4.0 2.5 7.8 8.0 5

 6 LM224022045 Debt securities 955.0 975.6 962.2 1031.9 968.5 994.4 1017.1 1031.9 972.4 6

 7 FL223069143 Open market paper 54.0 52.1 10.7 6.3 13.8 9.0 9.1 6.3 5.5 7

 8 LM223061143 Treasury securities 289.4 367.9 341.1 353.2 333.8 303.6 324.1 353.2 332.6 8

 9 LM223061743 Agency- and GSE-backed securities 109.5 141.8 166.1 192.0 177.3 184.4 195.7 192.0 192.6 9

 10 LM223062043 Municipal securities 3.4 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 LM223063045 Corporate and foreign bonds 498.8 409.8 444.4 480.4 443.6 497.3 488.2 480.4 441.7 11

 12 FL223065043 Loans (mortgages) 6.9 12.3 8.3 8.1 8.8 8.0 8.3 8.1 8.0 12

 13 LM223064145 Corporate equities 2706.8 2478.6 2553.9 2773.8 2155.0 2354.7 2562.4 2773.8 2825.9 13

 14 LM223064243 Mutual fund shares 264.0 270.5 158.7 181.2 130.1 148.7 155.3 181.2 187.6 14

 15 FL223090045 Miscellaneous assets 4208.6 4686.1 4993.7 4919.3 5487.0 5318.4 5149.8 4919.3 4982.0 15

 16 FL223073045 Claims of pension fund on sponsor (2) 4017.1 4491.6 4184.0 4031.8 4766.2 4512.4 4385.7 4031.8 4045.6 16

 17 LM223093043 Other 191.5 194.5 809.7 887.4 720.7 806.0 764.2 887.4 936.3 17

 18 FL224190043 Pension entitlements (liabilities) (3) 8322.9 8584.8 8850.8 9117.9 8917.6 8984.4 9051.1 9117.9 9184.7 18

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(3) Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.

L.120.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL224090055 Total financial assets 467.2 417.1 476.9 524.2 430.9 469.5 489.4 524.2 530.8 1

 2 FL223034055 Money market fund shares 2.9 2.6 2.6 2.7 2.9 2.9 2.9 2.7 2.6 2

 3 LM223064255 Mutual fund shares 217.3 176.4 214.6 240.8 174.4 204.8 215.9 240.8 249.1 3

 4 FL223090055 Miscellaneous assets 247.0 238.2 259.7 280.6 253.6 261.7 270.6 280.6 279.1 4

 5 FL223095505 Unallocated insurance contracts (misc. assets) (2) 240.2 232.6 254.0 274.7 247.8 255.8 264.7 274.7 273.1 5

 6 FL223093053 Other 6.8 5.6 5.8 6.0 5.8 5.9 5.9 6.0 6.1 6

 7 FL224090055 Pension entitlements (liabilities) 467.2 417.1 476.9 524.2 430.9 469.5 489.4 524.2 530.8 7

(1) Includes 403(b) and 457 type plans.

(2) Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.
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L.121 Money Market Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL634090005 Total financial assets 2848.4 3038.3 3634.3 4335.6 4338.0 4635.9 4410.1 4335.6 4499.6 1

 2 FL633091003 Foreign deposits 3.7 1.5 7.4 0.7 3.8 2.1 0.9 0.7 1.7 2

 3 FL633020000 Checkable deposits and currency 22.1 -43.7 1.2 -7.8 -25.8 -45.1 -74.0 -7.8 -54.2 3

 4 FL633030000 Time and savings deposits 178.9 190.6 258.8 140.6 239.4 215.4 180.2 140.6 185.2 4

 5 FL632051000 Security repurchase agreements 956.5 1019.5 1175.1 1006.3 1468.4 906.1 997.2 1006.3 1055.8 5

 6 FL634022005 Debt securities 1680.7 1862.3 2181.3 3185.3 2568.7 3544.2 3290.6 3185.3 3234.3 6

 7 FL633069175 Open market paper 152.6 193.7 237.2 173.4 225.4 219.0 177.9 173.4 182.8 7

 8 FL633061105 Treasury securities 702.9 873.5 1036.5 2256.4 1267.8 2349.8 2275.2 2256.4 2362.5 8

 9 FL633061700 Agency- and GSE-backed securities 682.2 644.9 755.1 630.3 931.1 826.2 699.8 630.3 572.7 9

 10 FL633062000 Municipal securities 134.4 142.8 134.0 112.6 130.7 136.5 121.4 112.6 103.8 10

 11 FL633063005 Corporate and foreign bonds 8.5 7.5 18.5 12.6 13.8 12.7 16.3 12.6 12.5 11

 12 FL633093005 Miscellaneous assets 6.6 8.1 10.5 10.5 83.5 13.2 15.2 10.5 76.9 12

 13 FL634090005 Total shares outstanding (liabilities) 2848.4 3038.3 3634.3 4335.6 4338.0 4635.9 4410.1 4335.6 4499.6 13

 Memo:

 14 FL634090503 Variable annuity money market funds included above 32.2 38.3 35.3 40.8 46.6 44.6 43.5 40.8 39.2 14

(1) Open-end investment companies including variable annuity money market funds.

L.122 Mutual Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 LM654090000 Total financial assets 15899.0 14669.8 17659.5 19562.6 14543.1 16776.1 17749.3 19562.6 20270.8 1

 2 FL652051003 Security repurchase agreements 98.0 81.7 102.8 108.2 107.3 104.1 96.7 108.2 115.4 2

 3 LM654022005 Debt securities 4541.1 4557.2 5216.2 5681.7 4861.5 5158.6 5460.7 5681.7 5613.0 3

 4 FL653069100 Open market paper 98.0 81.7 102.8 108.2 107.3 104.1 96.7 108.2 115.4 4

 5 LM653061105 Treasury securities 1090.8 1146.4 1310.9 1293.6 1114.1 1206.8 1253.7 1293.6 1265.8 5

 6 LM653061703 Agency- and GSE-backed securities 600.0 603.6 654.0 696.6 682.8 553.4 663.0 696.6 703.6 6

 7 LM653062003 Municipal securities 688.1 693.6 831.0 891.3 786.2 814.7 857.5 891.3 912.2 7

 8 LM653063005 Corporate and foreign bonds 2064.2 2032.0 2317.5 2692.1 2171.0 2479.6 2589.9 2692.1 2616.0 8

 9 FL653069803 Loans (other loans and advances) 147.1 147.9 114.2 85.2 84.2 84.1 83.4 85.2 100.5 9

 10 LM653064100 Corporate equities 10819.6 9657.5 11934.5 13391.1 9203.8 11129.4 11843.4 13391.1 14123.8 10

 11 FL653093005 Miscellaneous assets 293.1 225.7 291.8 296.4 286.4 299.9 265.1 296.4 318.0 11

 12 LM654090000 Total shares outstanding (liabilities) 15899.0 14669.8 17659.5 19562.6 14543.1 16776.1 17749.3 19562.6 20270.8 12

 Memo:

 13 LM654090500 Variable annuity mutual funds included above 1792.8 1590.5 1815.9 1942.9 1472.3 1690.4 1767.9 1942.9 1979.2 13

 Total financial assets by investment objective:

 14 LM654091600 Domestic equity funds 7477.7 6800.1 8438.8 9523.9 6563.1 7944.7 8466.0 9523.9 10033.5 14

 15 LM654092603 World equity funds 2827.4 2427.5 2936.8 3204.5 2257.3 2663.5 2811.2 3204.5 3257.7 15

 16 LM654091403 Hybrid funds 1547.0 1384.0 1579.1 1620.0 1305.0 1449.9 1503.7 1620.0 1677.7 16

 17 LM654091303 Taxable bond funds 3400.0 3385.6 3890.2 4337.5 3644.0 3911.8 4126.3 4337.5 4399.3 17

 18 LM654091203 Municipal bond funds 665.3 675.5 814.1 876.6 773.3 805.7 841.6 876.6 902.6 18

(1) Open-end investment companies including variable annuity mutual funds.
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L.123 Closed-End Funds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 LM554090005 Total financial assets 277.3 252.2 278.7 281.9 231.4 254.4 262.2 281.9 287.1 1

 2 LM554022005 Debt securities 168.0 161.0 171.5 176.0 151.8 162.2 166.4 176.0 176.5 2

 3 LM553061103 Treasury securities 3.7 3.5 3.2 3.0 2.7 2.8 2.9 3.0 3.0 3

 4 LM553062003 Municipal securities 90.0 88.4 93.2 95.2 89.6 91.8 93.2 95.2 95.3 4

 5 LM553063003 Corporate and foreign bonds 74.3 69.2 75.1 77.9 59.5 67.6 70.3 77.9 78.3 5

 6 LM553064103 Corporate equities 109.3 91.2 107.2 105.9 79.7 92.2 95.7 105.9 110.6 6

 7 LM554090005 Total shares outstanding (liabilities) 277.3 252.2 278.7 281.9 231.4 254.4 262.2 281.9 287.1 7

 Memo:

 Total financial assets by investment objective:

 8 LM554091603 Domestic equity funds 79.7 67.9 79.3 76.6 58.9 67.7 69.7 76.6 80.7 8

 9 LM554092603 World equity funds 29.6 23.3 27.9 29.3 20.7 24.5 26.0 29.3 29.9 9

 10 LM554091303 Domestic taxable bond funds 57.2 53.0 57.2 59.5 45.1 50.9 53.1 59.5 59.8 10

 11 LM554091203 Municipal bond funds 90.0 88.4 93.2 95.2 89.6 91.8 93.2 95.2 95.3 11

 12 LM554092303 World bond funds 20.9 19.6 21.1 21.4 17.1 19.5 20.1 21.4 21.5 12

L.124 Exchange-Traded Funds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 LM564090005 Total financial assets 3401.0 3371.2 4396.2 5449.4 3639.7 4355.7 4725.2 5449.4 5909.8 1

 2 LM564022005 Debt securities 556.5 636.1 825.0 1065.5 830.5 944.1 1007.1 1065.5 1080.6 2

 3 LM563061103 Treasury securities 122.1 178.7 231.8 276.4 262.9 271.3 276.3 276.4 280.1 3

 4 LM563062003 Municipal securities 30.8 37.0 49.3 64.5 49.3 54.3 58.3 64.5 69.2 4

 5 LM563063003 Corporate and foreign bonds 403.6 420.5 544.0 724.6 518.3 618.5 672.5 724.6 731.3 5

 6 LM563064100 Corporate equities 2775.6 2669.2 3486.2 4233.6 2715.2 3283.8 3566.3 4233.6 4696.4 6

 7 LM563093003 Miscellaneous assets (1) 68.9 65.9 84.9 150.3 94.0 127.8 151.9 150.3 132.8 7

 8 LM564090005 Total shares outstanding (liabilities) 3401.0 3371.2 4396.2 5449.4 3639.7 4355.7 4725.2 5449.4 5909.8 8

 Memo:

 Total financial assets by investment objective:

 9 LM564091600 Domestic equity funds 1978.3 1938.6 2583.5 3182.6 2035.7 2502.5 2709.3 3182.6 3543.8 9

 10 LM564092603 World equity funds 792.4 725.4 883.9 1028.7 664.2 764.1 837.9 1028.7 1130.3 10

 11 LM563093003 Commodity funds (1) 68.9 65.9 84.9 150.3 94.0 127.8 151.9 150.3 132.8 11

 12 LM564091403 Hybrid funds 7.8 8.7 30.1 34.5 25.2 27.9 30.4 34.5 34.4 12

 13 LM564091303 Taxable bond funds 522.9 595.7 764.8 989.1 771.5 879.3 937.6 989.1 999.5 13

 14 LM564091203 Municipal bond funds 30.7 36.9 49.0 64.2 49.1 54.1 58.1 64.2 68.9 14

(1) Investments primarily in commodities, currencies, and futures.
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L.125 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL404090005 Total financial assets 6819.9 6926.9 7130.0 7729.5 7454.5 7424.7 7523.1 7729.5 7879.0 1

 2 FL403020005 Checkable deposits and currency 49.4 36.8 34.6 92.5 142.0 71.1 57.6 92.5 153.9 2

 3 FL403030005 Time and savings deposits 7.6 20.2 15.8 8.8 16.0 13.3 8.5 8.8 7.2 3

 4 FL402050005 Federal funds and security repos 195.6 170.6 195.2 212.5 153.9 225.0 206.9 212.5 146.8 4

 5 LM404022005 Debt securities 404.9 408.3 467.7 520.1 484.2 547.9 557.0 520.1 471.9 5

 6 FL403069105 Open market paper 6.4 6.9 7.1 7.3 8.2 7.5 6.2 7.3 7.0 6

 7 LM403061105 Treasury securities 100.3 120.0 175.8 259.2 194.5 257.0 279.1 259.2 224.9 7

 8 LM403061705 Agency- and GSE-backed securities 266.9 258.0 265.1 237.3 263.8 265.4 254.5 237.3 224.4 8

 9 LM403062005 Municipal securities 4.5 3.9 3.3 2.8 3.2 3.0 3.0 2.8 2.7 9

 10 LM403063005 Corporate and foreign bonds 26.8 19.5 16.5 13.5 14.5 14.9 14.3 13.5 13.0 10

 11 FL404023005 Loans 6051.4 6195.6 6289.3 6706.0 6508.2 6397.4 6506.5 6706.0 6899.9 11

 12 FL403069305 Other loans and advances 857.7 861.9 778.6 563.5 941.1 691.6 615.3 563.5 547.4 12

 13 FL403069385 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL403069345 Farm Credit System 125.6 132.4 139.7 153.2 143.9 144.0 144.8 153.2 156.5 14

 15 FL403069330 FHLB 732.1 729.5 638.9 410.3 797.2 547.7 470.4 410.3 390.9 15

 16 FL403065005 Mortgages 5193.7 5333.8 5510.7 6142.5 5567.1 5705.8 5891.3 6142.5 6352.5 16

 17 FL403065105 One-to-four-family residential 4775.6 4883.9 5016.1 5585.0 5066.1 5182.4 5361.3 5585.0 5786.6 17

 18 FL403065195 Consolidated trusts (2) 4461.8 4620.8 4771.9 5303.8 4809.9 4907.9 5076.6 5303.8 5499.1 18

 19 FL403065185 Other 313.7 263.1 244.1 281.2 256.2 274.5 284.7 281.2 287.5 19

 20 FL403065405 Multifamily residential 307.1 332.9 364.0 419.4 368.6 388.9 393.7 419.4 426.8 20

 21 FL403065495 Consolidated trusts (2) 264.2 295.3 332.7 384.6 340.7 354.4 364.8 384.6 401.0 21

 22 FL403065485 Other 42.8 37.5 31.4 34.9 27.9 34.5 28.9 34.9 25.7 22

 23 FL403065605 Farm 111.1 117.0 130.6 138.0 132.4 134.4 136.2 138.0 139.1 23

 24 FL403066005 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 FL403093005 Miscellaneous assets 111.0 95.3 127.3 189.7 150.2 170.0 186.5 189.7 199.3 25

 26 FL404190005 Total liabilities 6826.7 6909.2 7116.5 7758.3 7446.8 7423.8 7534.0 7758.3 7896.0 26

 27 FL402150005 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 27

 28 FL403161705 Debt securities (GSE issues) (3) 6716.3 6797.3 7002.2 7638.1 7318.1 7305.1 7417.7 7638.1 7775.1 28

 29 FL403161795 Consolidated trusts (2) 4726.1 4916.1 5104.6 5688.3 5150.6 5262.3 5441.4 5688.3 5900.1 29

 30 FL403161785 Other 1990.2 1881.2 1897.6 1949.8 2167.5 2042.8 1976.3 1949.8 1875.0 30

 31 FL403169283 Loans (U.S. government loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 FL403190005 Miscellaneous liabilities 110.5 111.9 114.3 120.2 128.7 118.6 116.3 120.2 120.7 32

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (L.126) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets (L.125).

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Such issues are classified as agency- and GSE-backed securities.

L.126 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL413065005 Total financial assets 2126.5 2292.3 2406.0 2428.3 2429.8 2417.6 2428.4 2428.3 2431.4 1

 2 FL413065105 One-to-four-family residential mortgages 1825.7 1948.7 2024.8 2009.0 2045.7 2030.9 2023.5 2009.0 1996.4 2

 3 FL413065405 Multifamily residential mortgages 299.1 342.1 380.2 418.4 383.0 385.7 403.9 418.4 434.1 3

 4 FL413065505 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL413065605 Farm mortgages 1.7 1.5 1.1 0.9 1.1 1.0 1.0 0.9 0.8 5

 6 FL413065005 Total pool securities (liabilities) (2) 2126.5 2292.3 2406.0 2428.3 2429.8 2417.6 2428.4 2428.3 2431.4 6

(1) Ginnie Mae, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (F.126) are consolidated

 on Fannie Mae’s and Freddie Mac’s balance sheets (table F.125). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed

 CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
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L.127 Issuers of Asset-Backed Securities (ABS)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL674090005 Total financial assets 1121.9 1120.9 1180.3 1222.3 1232.9 1221.2 1218.6 1222.3 1219.7 1

 2 FL674022005 Debt securities 12.3 20.4 33.0 30.3 32.0 30.6 29.5 30.3 28.6 2

 3 FL673061103 Treasury securities 12.3 20.4 33.0 30.3 32.0 30.6 29.5 30.3 28.6 3

 4 FL673061703 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL674023005 Loans 994.1 980.5 1020.5 1046.0 1065.8 1052.6 1048.5 1046.0 1038.4 5

 6 FL673069005 Other loans and advances (2) 127.7 123.7 161.7 207.7 186.5 188.7 195.4 207.7 210.0 6

 7 FL673065005 Mortgages (3) 845.1 851.2 855.6 836.4 876.5 861.4 850.8 836.4 826.6 7

 8 FL673065105 One-to-four-family residential 474.2 467.6 452.2 413.9 460.6 448.4 435.6 413.9 394.8 8

 9 FL673065405 Multifamily residential 43.3 43.8 46.3 51.3 53.0 53.2 52.2 51.3 52.7 9

 10 FL673065505 Commercial 327.6 339.8 357.2 371.2 363.0 359.8 363.1 371.2 379.1 10

 11 FL673066000 Consumer credit 21.4 5.5 3.1 1.9 2.8 2.5 2.2 1.9 1.9 11

 12 FL673070003 Trade credit 32.5 33.9 34.6 34.8 36.9 35.5 32.6 34.8 33.5 12

 13 FL673090543 Miscellaneous assets (funding agreements) (4) 83.0 86.0 92.3 111.3 98.1 102.5 108.0 111.3 119.2 13

 14 FL674122005 Total liabilities 1121.9 1120.9 1180.3 1222.3 1232.9 1221.2 1218.6 1222.3 1219.7 14

 15 FL674122005 Debt securities 1121.9 1120.9 1180.3 1222.3 1232.9 1221.2 1218.6 1222.3 1219.7 15

 16 FL673169105 Commercial paper 65.0 80.9 75.9 89.5 80.7 86.7 87.8 89.5 84.6 16

 17 FL673163005 Corporate bonds (net) (5) 1056.9 1040.0 1104.4 1132.9 1152.3 1134.5 1130.9 1132.9 1135.1 17

 Memo:

 Securitized assets not included above

 18 FL675013263 Consumer leases (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 FL643065045 REIT assets (7) 110.6 122.8 152.0 141.2 131.9 137.9 141.4 141.2 138.0 19

 Securitized liabilities not included above

 20 FL763169103 Commercial paper (8) 75.5 87.5 68.4 98.0 80.0 84.5 89.5 98.0 104.4 20

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Includes loans backing domestically-issued collateralized loan obligation (CLO) securities; loans backing U.S. CLO securities issued outside the U.S. are shown in line 15 of table L.133.

(3) Mortgages backing privately issued pool securities and privately issued CMOs.

(4) Funding agreements with life insurance companies.

(5) Liabilities net of assets.

(6) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.

(7) Included on table L.129.

(8) Included on table L.111 line 44.
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L.128 Finance Companies (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL614090005 Total financial assets 1522.7 1472.3 1504.1 1562.4 1458.7 1495.5 1488.2 1562.4 1553.1 1

 2 FL613020003 Checkable deposits and currency 18.6 14.3 12.2 16.4 16.5 20.7 17.0 16.4 16.1 2

 3 FL613030003 Time and savings deposits 55.8 42.8 36.7 49.3 49.5 62.2 51.1 49.3 48.4 3

 4 LM613063003 Debt securities (corporate and foreign bonds) 63.8 55.3 60.0 73.6 58.8 68.2 69.9 73.6 70.8 4

 5 FL614023005 Loans 1052.3 1046.2 1041.6 1022.2 1043.8 1017.5 1020.7 1022.2 1020.1 5

 6 FL613069500 Other loans and advances 387.2 397.1 386.7 360.8 400.0 369.4 364.1 360.8 351.0 6

 7 FL613065000 Mortgages 123.8 114.8 117.2 110.0 115.3 111.8 107.9 110.0 108.6 7

 8 FL613066005 Consumer credit 541.3 534.4 537.7 551.4 528.5 536.4 548.6 551.4 560.5 8

 9 LM613092003 U.S. direct investment abroad 303.8 259.4 302.0 339.8 232.0 266.8 275.9 339.8 351.8 9

 10 FL613090005 Miscellaneous assets 28.3 54.4 51.5 61.1 58.2 60.0 53.7 61.1 45.9 10

 11 FL614190005 Total liabilities 1344.4 1319.4 1286.4 1297.9 1325.5 1322.5 1293.4 1297.9 1278.7 11

 12 FL614122005 Debt securities 835.1 879.2 835.4 815.2 859.4 849.0 816.4 815.2 805.5 12

 13 FL613169100 Open market paper 72.2 64.6 63.5 41.8 61.7 50.8 42.5 41.8 41.3 13

 14 FL613163005 Corporate bonds 763.0 814.6 771.8 773.4 797.6 798.2 774.0 773.4 764.3 14

 15 FL614123005 Loans 148.1 147.7 153.6 178.4 160.6 167.1 175.2 178.4 175.4 15

 16 FL613168005 Depository institution loans n.e.c. 144.7 147.1 152.7 177.9 159.6 166.5 174.5 177.9 175.3 16

 17 FL613169005 Other loans and advances 3.4 0.6 1.0 0.5 0.9 0.6 0.7 0.5 0.1 17

 18 FL613178005 Taxes payable 18.3 15.3 14.9 14.4 15.0 15.2 14.4 14.4 14.7 18

 19 LM613192305 Foreign direct investment: intercompany debt 8.7 8.3 6.9 8.3 6.7 6.1 5.8 8.3 8.4 19

 20 FL613190005 Miscellaneous liabilities 334.2 268.9 275.5 281.5 283.9 285.1 281.5 281.5 274.6 20

 21 FL613194003 Investment by parent 139.0 128.2 122.7 117.7 120.6 116.8 113.1 117.7 117.0 21

 22 FL613193005 Other 195.2 140.7 152.9 163.8 163.3 168.3 168.4 163.8 157.6 22

 Memo:

 23 LM613192103 Foreign direct investment: equity 90.6 92.2 95.3 159.7 76.3 92.3 96.0 159.7 172.3 23

 24 FL613066303 Consumer leases not included above (2) 193.2 193.9 191.5 182.1 189.0 183.7 182.1 182.1 182.6 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (5), table L.127.
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L.129 Real Estate Investment Trusts (REITs) (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL644090005 Total financial assets 753.7 820.8 898.1 756.7 780.0 758.4 751.3 756.7 764.8 1

 2 FL643020005 Checkable deposits and currency 40.8 36.0 44.9 62.0 85.0 79.5 68.0 62.0 60.9 2

 3 LM644022005 Debt securities 297.6 324.5 386.7 236.4 246.3 241.7 234.5 236.4 223.3 3

 4 LM643061773 Agency- and GSE-backed securities 255.3 273.7 334.5 208.4 210.5 209.9 206.6 208.4 197.4 4

 5 LM643063005 Corporate and foreign bonds 42.3 50.8 52.2 28.0 35.8 31.8 27.9 28.0 25.9 5

 6 FL643065005 Loans (mortgages) 234.8 255.0 273.9 258.8 250.8 248.0 259.7 258.8 265.1 6

 7 FL643065105 One-to-four-family residential 65.1 72.8 76.0 51.7 53.9 48.8 52.8 51.7 54.4 7

 8 FL643065405 Multifamily residential 6.3 7.7 15.0 11.0 9.2 9.0 9.9 11.0 12.0 8

 9 FL643065505 Commercial 163.5 174.5 182.8 196.2 187.8 190.2 197.0 196.2 198.7 9

 10 FL643090005 Miscellaneous assets 180.5 205.3 192.6 199.5 197.8 189.3 189.0 199.5 215.4 10

 11 FL644190005 Total liabilities 1093.0 1170.4 1329.5 1218.3 1235.3 1210.9 1204.1 1218.3 1219.5 11

 12 FL642151073 Security repurchase agreements 264.3 307.6 379.3 221.5 259.8 229.8 220.2 221.5 218.1 12

 13 FL644122005 Debt securities 439.0 470.0 539.3 580.5 529.9 566.3 574.7 580.5 587.8 13

 14 FL643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FL643163005 Corporate bonds 439.0 470.0 539.3 580.5 529.9 566.3 574.7 580.5 587.8 15

 16 FL644123005 Loans 288.2 275.2 263.2 256.6 299.2 265.8 253.8 256.6 250.2 16

 17 FL643168005 Depository institution loans n.e.c. 36.3 39.6 30.4 29.8 69.5 40.9 28.5 29.8 29.9 17

 18 FL643169373 Other loans and advances 9.8 9.4 8.5 0.3 4.6 1.7 0.3 0.3 0.3 18

 19 FL123165005 Mortgages 242.0 226.2 224.3 226.5 225.1 223.2 225.0 226.5 220.0 19

 20 FL643193005 Miscellaneous liabilities 101.5 117.6 147.6 159.7 146.4 149.0 155.4 159.7 163.4 20

 Memo:

 21 FL643065045 Securitized assets included above 110.6 122.8 152.0 141.2 131.9 137.9 141.4 141.2 138.0 21

 22 FL643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL643065163 One-to-four-family residential mortgages 29.9 35.1 44.6 27.8 26.8 27.0 27.8 27.8 25.9 23

 24 FL643065443 Multifamily residential mortgages 3.2 4.8 9.8 5.5 4.4 4.6 5.5 5.5 5.6 24

 25 FL643065543 Commercial mortgages 77.5 82.9 97.6 107.9 100.7 106.2 108.1 107.9 106.5 25

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables L.129.e and L.129.m.
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L.129.e Equity Real Estate Investment Trusts

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL124090005 Total financial assets 216.5 208.3 216.7 248.9 256.5 255.4 247.7 248.9 255.3 1

 2 FL123020003 Checkable deposits and currency 31.8 26.4 32.9 44.6 64.8 62.3 50.1 44.6 44.4 2

 3 LM123063003 Debt securities (corporate and foreign bonds) 7.3 10.0 11.0 12.9 10.6 12.1 12.3 12.9 14.4 3

 4 FL123065005 Loans (mortgages) 33.1 27.3 31.0 36.7 31.8 32.0 36.4 36.7 39.1 4

 5 FL123065103 One-to-four-family residential 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 5

 6 FL123065403 Multifamily residential 0.7 0.4 0.8 1.4 0.7 0.7 0.7 1.4 1.9 6

 7 FL123065503 Commercial 32.0 26.7 30.0 35.1 30.9 31.1 35.5 35.1 37.0 7

 8 FL123093005 Miscellaneous assets 144.3 144.6 141.8 154.7 149.3 149.1 148.9 154.7 157.5 8

 9 FL124190005 Total liabilities 663.2 668.7 737.9 789.3 784.2 783.4 778.3 789.3 789.7 9

 10 FL123163003 Debt securities (corporate bonds) 305.6 322.8 358.8 402.1 364.5 392.8 395.8 402.1 410.5 10

 11 FL124123005 Loans 273.2 260.6 252.8 253.8 291.3 261.4 251.2 253.8 247.6 11

 12 FL123168003 Depository institution loans n.e.c. 31.2 34.3 28.5 27.3 66.2 38.2 26.2 27.3 27.6 12

 13 FL123165005 Mortgages 242.0 226.2 224.3 226.5 225.1 223.2 225.0 226.5 220.0 13

 14 FL123165403 Multifamily residential 28.4 24.0 22.8 24.9 23.4 23.8 22.9 24.9 24.3 14

 15 FL123165503 Commercial 213.6 202.3 201.6 201.6 201.7 199.5 202.0 201.6 195.7 15

 16 FL123193005 Miscellaneous liabilities 84.3 85.3 126.3 133.4 128.4 129.1 131.2 133.4 131.6 16

L.129.m Mortgage Real Estate Investment Trusts

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL644090075 Total financial assets 537.2 612.4 681.4 507.8 523.4 503.1 503.6 507.8 509.5 1

 2 FL643020073 Checkable deposits and currency 9.0 9.6 12.0 17.4 20.2 17.2 17.9 17.4 16.5 2

 3 LM644022075 Debt securities 290.2 314.5 375.7 223.5 235.7 229.6 222.2 223.5 208.9 3

 4 LM643061773 Agency- and GSE-backed securities 255.3 273.7 334.5 208.4 210.5 209.9 206.6 208.4 197.4 4

 5 LM643063073 Corporate and foreign bonds 35.0 40.8 41.2 15.1 25.2 19.7 15.7 15.1 11.6 5

 6 FL643065075 Loans (mortgages) 201.8 227.7 242.8 222.1 219.0 216.0 223.3 222.1 226.0 6

 7 FL643065173 One-to-four-family residential 64.8 72.5 75.9 51.4 53.7 48.6 52.6 51.4 54.1 7

 8 FL643065473 Multifamily residential 5.6 7.3 14.2 9.6 8.5 8.3 9.2 9.6 10.1 8

 9 FL643065573 Commercial 131.4 147.8 152.8 161.1 156.8 159.1 161.5 161.1 161.8 9

 10 FL643090075 Miscellaneous assets 36.2 60.7 50.9 44.8 48.5 40.2 40.2 44.8 58.0 10

 11 FL644190075 Total liabilities 429.8 501.7 591.6 429.0 451.1 427.5 425.9 429.0 429.8 11

 12 FL642151073 Security repurchase agreements 264.3 307.6 379.3 221.5 259.8 229.8 220.2 221.5 218.1 12

 13 FL644122075 Debt securities 133.4 147.2 180.5 178.4 165.3 173.5 178.9 178.4 177.3 13

 14 FL643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FL643163075 Corporate bonds 133.4 147.2 180.5 178.4 165.3 173.5 178.9 178.4 177.3 15

 16 FL644123075 Loans 14.9 14.7 10.4 2.8 7.9 4.4 2.6 2.8 2.6 16

 17 FL643168073 Depository institution loans n.e.c. 5.1 5.3 1.9 2.5 3.3 2.7 2.3 2.5 2.3 17

 18 FL643169373 Other loans and advances 9.8 9.4 8.5 0.3 4.6 1.7 0.3 0.3 0.3 18

 19 FL643193075 Miscellaneous liabilities 17.2 32.3 21.4 26.3 18.1 19.9 24.2 26.3 31.8 19

 Memo:

 20 FL643065045 Securitized assets included above 110.6 122.8 152.0 141.2 131.9 137.9 141.4 141.2 138.0 20

 21 FL643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FL643065163 One-to-four-family residential mortgages 29.9 35.1 44.6 27.8 26.8 27.0 27.8 27.8 25.9 22

 23 FL643065443 Multifamily residential mortgages 3.2 4.8 9.8 5.5 4.4 4.6 5.5 5.5 5.6 23

 24 FL643065543 Commercial mortgages 77.5 82.9 97.6 107.9 100.7 106.2 108.1 107.9 106.5 24
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L.130 Security Brokers and Dealers

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL664090005 Total financial assets 3097.2 3358.9 3468.6 3701.4 3757.5 3520.4 3525.9 3701.4 3608.3 1

 2 FL663020003 Checkable deposits and currency 119.0 126.2 125.2 138.4 162.0 139.0 133.9 138.4 136.9 2

 3 FL662051003 Security repurchase agreements 1109.0 1315.2 1396.0 1322.1 1483.0 1282.2 1279.0 1322.1 1238.0 3

 4 LM664022005 Debt securities 338.2 478.9 450.2 415.9 515.2 514.4 452.3 415.9 235.8 4

 5 FL663069103 Open market paper 9.3 11.4 8.5 8.2 20.7 13.0 11.0 8.2 9.2 5

 6 LM663061105 Treasury securities 144.6 276.4 229.5 201.1 265.8 268.0 221.1 201.1 19.1 6

 7 LM663061703 Agency- and GSE-backed securities 54.1 72.3 104.1 95.2 122.2 127.2 98.3 95.2 87.2 7

 8 LM663062003 Municipal securities 26.7 20.7 16.4 6.8 13.7 8.7 10.4 6.8 8.8 8

 9 LM663063005 Corporate and foreign bonds 103.5 98.0 91.6 104.6 92.8 97.6 111.3 104.6 111.6 9

 10 FL663069005 Loans (other loans and advances) 367.2 340.5 373.0 538.3 394.6 373.5 440.3 538.3 628.7 10

 11 LM663064103 Corporate equities 182.7 147.7 166.7 214.3 144.7 180.4 205.4 214.3 265.9 11

 12 LM663092003 U.S. direct investment abroad 287.7 221.6 286.0 320.6 223.7 253.6 263.2 320.6 330.1 12

 13 FL663090005 Miscellaneous assets 693.4 728.8 671.6 751.8 834.4 777.4 751.9 751.8 772.9 13

 14 FL664190005 Total liabilities 2875.2 3136.2 3228.3 3432.8 3504.7 3261.9 3268.8 3432.8 3327.8 14

 15 FL662151003 Security repurchase agreements 1392.5 1698.4 1755.0 1774.2 1815.9 1680.4 1713.2 1774.2 1573.6 15

 16 FL663163003 Debt securities (corporate bonds) 185.7 184.0 174.0 183.9 256.9 179.7 165.4 183.9 196.3 16

 17 FL664123005 Loans 880.6 882.7 906.1 1037.0 1114.0 1033.7 995.6 1037.0 1064.1 17

 18 FL663168005 Depository institution loans n.e.c. 120.2 124.3 122.2 132.3 185.0 124.7 119.0 132.3 139.4 18

 19 FL153067005 Other loans and advances 760.4 758.4 783.8 904.7 929.0 908.9 876.6 904.7 924.7 19

 20 FL663170003 Trade payables 44.6 16.8 15.8 18.5 20.1 17.8 16.7 18.5 19.7 20

 21 FL663178005 Taxes payable 13.1 13.6 12.2 14.4 13.6 15.7 14.5 14.4 15.2 21

 22 LM663192305 Foreign direct investment: intercompany debt 14.0 11.3 12.4 14.8 9.5 10.9 11.5 14.8 14.1 22

 23 FL663190005 Miscellaneous liabilities 344.8 329.3 352.9 389.9 274.6 323.6 351.8 389.9 444.8 23

 24 FL663194005 Investment by parent companies 1645.8 1660.2 1733.2 1832.1 1724.0 1759.7 1784.8 1832.1 1844.4 24

 25 FL663193005 Other -1301.0 -1330.9 -1380.3 -1442.2 -1449.4 -1436.0 -1433.0 -1442.2 -1399.6 25

 Memo:

 26 LM662090003 Equity in noncorporate business 68.7 78.2 83.5 90.3 84.8 88.5 87.1 90.3 93.8 26

 27 LM663192103 Foreign direct investment: equity 145.9 125.5 170.9 283.3 108.6 164.6 190.6 283.3 293.7 27
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L.131 Holding Companies (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL734090005 Total financial assets 3858.3 3840.7 3999.1 4263.4 4060.6 4170.2 4164.6 4263.4 4250.1 1

 2 FL733030003 Time and savings deposits 13.3 11.0 11.1 13.0 10.2 10.8 11.1 13.0 11.3 2

 3 FL732051003 Security repurchase agreements 5.7 1.7 2.1 41.9 2.1 22.2 37.1 41.9 29.7 3

 4 LM734022605 Debt securities 67.2 97.4 132.0 124.0 123.4 127.4 118.1 124.0 147.0 4

 5 LM733061103 Treasury securities 22.2 34.8 58.2 62.4 54.3 55.5 54.8 62.4 85.1 5

 6 LM733061703 Agency- and GSE-backed securities 27.3 41.5 44.9 34.3 41.9 39.4 37.1 34.3 31.0 6

 7 LM733063003 Corporate and foreign bonds 17.7 21.0 28.9 27.3 27.3 32.5 26.2 27.3 30.9 7

 8 FL733069005 Loans (other loans and advances) 123.1 104.3 117.7 106.6 128.7 119.0 104.6 106.6 121.2 8

 9 FL733040005 Life insurance reserves 57.0 61.0 65.0 69.0 66.0 67.0 68.0 69.0 70.0 9

 10 FL733090005 Miscellaneous assets 3592.0 3565.4 3671.2 3908.9 3730.2 3823.7 3825.7 3908.9 3870.8 10

 11 FL763194735 Net trans. with depository affiliates 2495.7 2500.5 2603.5 2806.5 2618.7 2744.2 2760.2 2806.5 2747.3 11

 12 FL513194733 Net trans. with property-casualty ins. co. affiliates 4.8 6.0 6.8 2.9 6.7 1.9 3.0 2.9 3.7 12

 13 FL543194733 Net trans. with life insurance company affiliates 15.8 4.8 5.9 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL613194733 Net trans. with finance company affiliates 28.4 15.0 10.2 8.3 9.3 9.1 9.3 8.3 7.8 14

 15 FL663194735 Net trans. with broker and dealer affiliates 975.9 952.6 983.3 1064.7 1049.3 1001.9 1007.8 1064.7 1066.5 15

 16 FL263194735 Net trans. with foreign affiliates -6.6 18.3 17.1 -14.5 5.6 22.8 6.4 -14.5 3.0 16

 17 FL733093005 Other 78.1 68.1 44.4 40.9 40.6 43.7 39.1 40.9 42.6 17

 18 FL734190005 Total liabilities 1556.9 1503.8 1557.2 1687.9 1637.1 1716.4 1673.0 1687.9 1646.5 18

 19 FL732151003 Security repurchase agreements 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 19

 20 FL734122005 Debt securities 1448.6 1401.7 1445.7 1577.5 1538.2 1606.9 1569.1 1577.5 1538.0 20

 21 FL733169103 Commercial paper 4.4 5.9 5.9 5.2 5.4 4.9 3.6 5.2 5.5 21

 22 FL733163003 Corporate bonds 1444.2 1395.8 1439.9 1572.3 1532.8 1602.0 1565.5 1572.3 1532.5 22

 23 LM733192305 Foreign direct investment: intercompany debt (2) 130.9 115.8 97.4 105.7 98.8 98.6 100.1 105.7 106.7 23

 24 FL733193005 Miscellaneous liabilities -22.7 -13.7 14.0 4.7 0.1 10.9 3.9 4.7 1.6 24

 Memo:

 25 LM733192103 Foreign direct investment: equity (2) 58.9 64.2 79.7 80.9 80.8 81.1 83.0 80.9 101.3 25

(1) Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.

(2) Investment in U.S. Intermediate Holding Companies.
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L.132 Other Financial Business (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL504090005 Total financial assets 1339.5 1418.5 1517.6 1902.7 1645.3 1799.1 1831.4 1902.7 2079.6 1

 2 FL713129005 Checkable deposits and currency 65.7 62.3 61.2 154.2 160.4 133.7 145.9 154.2 185.8 2

 3 FL503034005 Money market fund shares 227.2 242.8 330.8 495.8 418.4 479.7 481.8 495.8 520.2 3

 4 FL502051003 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL504022005 Debt securities 289.1 275.7 247.7 353.5 255.2 296.4 301.3 353.5 424.0 5

 6 FL503069105 Open market paper 216.5 205.0 176.8 168.3 178.4 120.7 125.6 168.3 291.5 6

 7 FL503061303 Nonmarketable Treasury securities 0.0 0.0 0.0 95.7 0.0 95.6 95.7 95.7 42.6 7

 8 FL503063005 Corporate and foreign bonds 72.6 70.7 70.9 83.3 76.8 78.9 78.4 83.3 83.9 8

 9 FL503062003 Municipal securities 0.0 0.0 0.0 6.3 0.0 1.2 1.7 6.3 6.1 9

 10 FL503069005 Loans (other loans and advances) 7.9 7.0 8.4 31.0 14.2 12.2 15.7 31.0 28.9 10

 11 FL503064105 Corporate equities 0.0 0.0 0.0 8.8 0.0 8.0 8.6 8.8 8.5 11

 12 FL503094505 Miscellaneous assets 749.6 830.7 869.4 859.4 797.1 869.2 878.1 859.4 912.2 12

 13 FL753194503 Investment in foreign banking offices 79.7 123.1 119.5 92.0 122.4 111.5 101.0 92.0 134.2 13

 14 FL663194505 Investment in brokers and dealers 669.9 707.6 749.8 767.4 674.7 757.7 777.0 767.4 777.9 14

 15 FL504190005 Total liabilities 1339.5 1418.5 1517.6 1902.7 1645.3 1799.1 1831.4 1902.7 2079.6 15

 16 FL504122005 Debt securities 776.5 821.2 859.1 858.2 782.0 857.4 866.5 858.2 912.2 16

 17 FL503169105 Open market paper 142.1 151.4 145.7 121.0 143.1 132.9 119.2 121.0 179.1 17

 18 FL503163005 Corporate bonds 634.4 669.7 713.4 737.2 638.9 724.5 747.2 737.2 733.1 18

 19 FL504123005 Loans 2.4 2.4 2.4 43.0 2.4 17.5 22.3 43.0 41.3 19

 20 FL713068505 Depository institution loans n.e.c. 0.0 0.0 0.0 40.7 0.0 15.1 20.0 40.7 38.9 20

 21 FL503169205 Other loans and advances 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 21

 22 FL503192305 Foreign direct investment: intercompany debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL503190005 Miscellaneous liabilities 560.7 595.0 656.1 1001.6 860.9 924.2 942.6 1001.6 1126.2 23

 24 FL663097005 Securities loaned (net) 702.7 683.8 685.5 753.6 744.0 747.2 716.3 753.6 762.3 24

 25 LM503194305 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 FL503194205 Equity in Federal Reserve facilities (2) 0.0 0.0 0.0 112.5 0.0 112.5 112.5 112.5 50.3 26

 27 FL503193005 Other (net) -142.0 -88.8 -29.4 135.4 116.9 64.5 113.8 135.4 313.6 27

(1) Includes funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, funds associated with the Public-Private Investment Program (PPIP), Federal Reserve funding,

 credit, and liquidity facility special purpose vehicles (SPV) created in response to the 2008 Financial Crisis and COVID-19 pandemic, and deposits at Federal Reserve banks of Federal Reserve SPVs and

 designated financial market utilities (DFMU).

(2) U.S. Treasury Exchange Stabilization Fund Economic Recovery Programs investment in Federal Reserve SPVs.
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L.133 Rest of the World

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL264090005 Total financial assets 30413.7 29967.3 34771.5 39862.1 32244.0 35396.9 37056.7 39862.1 41135.7 1

 2 LM313111303 SDR allocations 50.3 49.1 48.8 50.9 48.2 48.6 49.7 50.9 50.1 2

 3 FL264016005 Net interbank assets 158.0 206.8 123.6 152.9 473.4 287.7 221.8 152.9 38.7 3

 4 FL263020005 U.S. checkable deposits and currency 848.5 928.0 987.0 1142.4 1059.8 1073.3 1106.5 1142.4 1167.4 4

 5 FL263030005 U.S. time deposits 564.6 601.9 599.7 697.3 703.5 686.5 675.6 697.3 728.7 5

 6 FL263034003 Money market fund shares 93.4 110.7 125.1 127.1 130.5 135.9 129.3 127.1 131.9 6

 7 FL262051005 Security repurchase agreements 1002.6 971.7 1055.3 1068.1 1179.4 1060.5 1038.2 1068.1 1144.2 7

 8 LM264022005 Debt securities 11341.9 11186.0 12070.9 12870.7 12191.5 12721.2 12769.1 12870.7 12618.1 8

 9 LM263069103 Open market paper 135.4 124.7 130.3 85.6 115.0 132.4 112.0 85.6 90.0 9

 10 LM263061105 Treasury securities 6211.3 6270.1 6690.8 7073.9 6949.5 7046.6 7071.3 7073.9 7027.0 10

 11 LM263061705 Agency- and GSE-backed securities 1012.2 1087.0 1182.1 1195.0 1283.6 1232.6 1183.4 1195.0 1152.6 11

 12 FL263062003 Municipal securities 101.3 99.7 103.7 108.0 102.9 107.2 108.1 108.0 104.3 12

 13 LM263063005 U.S. corporate bonds (1) 3881.7 3604.4 3964.0 4408.2 3740.5 4202.4 4294.3 4408.2 4244.2 13

 14 FL263069500 Loans to U.S. corporate business 375.8 733.3 830.8 905.6 877.8 882.0 890.1 905.6 935.5 14

 15 FL263069563 Of which: loans held by CLOs (2) ND 459.1 522.6 566.0 532.6 557.2 561.2 566.0 577.1 15

 16 LM263064105 U.S. corporate equities 7019.4 6629.5 8199.0 10519.3 6723.9 8174.8 9063.3 10519.3 11189.2 16

 17 LM263064203 Mutual fund shares 828.7 799.0 896.1 1032.7 794.6 901.3 951.3 1032.7 1087.2 17

 18 LM263070005 Trade receivables 299.6 332.7 348.9 429.5 364.8 391.7 408.6 429.5 439.9 18

 19 FL543141905 Life insurance reserves 19.7 10.4 10.7 1.6 8.7 5.8 3.9 1.6 1.6 19

 20 FL543151905 Pension entitlements 4.3 15.4 16.0 2.4 13.0 8.6 5.8 2.4 2.4 20

 21 LM263092001 Foreign direct investment in U.S. (3) 7756.7 7333.5 9398.4 10802.6 7614.0 8959.1 9685.7 10802.6 11540.3 21

 22 FL263076005 Miscellaneous assets (insurance receivables) 50.1 59.2 61.3 59.1 61.0 59.8 57.8 59.1 60.6 22

 23 FL264190005 Total liabilities 6259.7 6652.7 7300.4 7714.7 7672.6 7564.8 7497.4 7714.7 7661.2 23

 24 LM263111005 U.S. official reserve assets (4) 112.1 114.6 118.3 133.7 116.7 122.7 127.8 133.7 127.9 24

 25 LM263191005 U.S. private deposits 760.5 826.9 794.4 834.3 977.6 814.7 876.4 834.3 827.8 25

 26 FL262151003 Security repurchase agreements 872.6 989.0 1221.2 1283.0 1318.9 1232.6 1206.8 1283.0 1158.4 26

 27 LM264122005 Debt securities 3344.0 3406.1 3804.5 4052.9 3492.1 3753.1 3868.7 4052.9 4121.4 27

 28 FL263169105 Commercial paper 362.0 368.3 452.8 463.8 423.6 437.4 456.0 463.8 506.4 28

 29 LM263163005 Bonds 2982.0 3037.7 3351.7 3589.1 3068.5 3315.7 3412.7 3589.1 3615.0 29

 30 LM263163063 Of which: CLO securities (2) 350.2 416.8 479.1 520.3 484.1 493.5 506.6 520.3 544.9 30

 31 FL264123005 Loans 543.7 596.1 690.4 752.8 778.9 740.8 735.4 752.8 771.4 31

 32 FL263168005 Depository institution loans n.e.c. 487.3 545.5 632.7 698.6 715.9 685.9 685.0 698.6 716.9 32

 33 FL263169005 Other loans and advances 56.4 50.6 57.7 54.2 63.0 54.9 50.4 54.2 54.5 33

 34 LM263170005 Trade payables 77.1 79.4 81.4 81.5 77.9 81.8 80.9 81.5 84.4 34

 35 FL263140005 Life insurance reserves 98.1 66.6 68.3 83.8 71.8 76.7 80.0 83.8 83.2 35

 36 FL263150005 Pension entitlements 18.9 77.5 80.8 127.8 91.1 106.2 116.1 127.8 128.3 36

 37 LM263192305 U.S. direct investment abroad: debt (1,3) 181.2 226.3 164.9 101.8 126.9 128.9 119.3 101.8 89.8 37

 38 FL263190005 Miscellaneous liabilities 251.4 270.2 276.1 263.0 620.7 507.2 286.1 263.0 268.7 38

 39 FL313092803 U.S. equity in IBRD, etc. 64.8 66.1 67.5 69.3 68.8 68.8 69.0 69.3 69.3 39

 40 FL263191103 Nonofficial foreign currencies 14.7 6.8 6.4 20.5 360.3 229.5 26.5 20.5 5.1 40

 41 FL263194735 Net investment by holding companies -6.6 18.3 17.1 -14.5 5.6 22.8 6.4 -14.5 3.0 41

 42 FL263195105 Accident and health insurance reserves 19.3 17.8 18.6 24.4 19.9 21.8 23.0 24.4 24.0 42

 43 FL263176005 Policy payables 159.3 161.1 166.6 163.3 166.1 164.3 161.3 163.3 167.2 43

 Memo:

 44 LM263164100 Foriegn equities held by U.S. residents (5) 9118.1 7899.6 9459.1 10560.1 7370.8 8552.7 9133.2 10560.1 11025.9 44

 45 LM263092101 U.S. direct investment abroad: equity (3) 7075.8 6725.5 8764.2 10267.0 6999.0 8401.3 9132.3 10267.0 11009.9 45

 Financial derivatives (6)

 46 FL263098013 Gross positive fair value 1523.2 1407.5 1770.3 2552.4 2962.4 2728.6 2518.2 2552.4 ND 46

 47 FL263198013 Gross negative fair value 1560.8 1449.6 1790.4 2545.7 2996.1 2750.8 2545.2 2545.7 ND 47

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Collateralized loan obligations.

(3) Direct investment reported at market value.

(4) Does not include monetary gold.

(5) Includes American Depositary Receipts (ADRs).

(6) Financial derivatives are not included above.
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112 Z.1, June 10, 2021

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 LM893111005 Total liabilities 162.4 163.7 167.1 184.6 164.9 171.3 177.5 184.6 177.9 1

 2 LM313111303 Federal government: SDR allocations 50.3 49.1 48.8 50.9 48.2 48.6 49.7 50.9 50.1 2

 3 LM263111005 Rest of the world 112.1 114.6 118.3 133.7 116.7 122.7 127.8 133.7 127.9 3

 4 LM313011303 SDR holdings 51.9 50.8 50.7 52.9 50.1 50.6 51.7 52.9 52.1 4

 5 LM263111403 Reserve position in IMF 17.6 22.0 26.2 36.4 25.5 30.6 33.1 36.4 33.7 5

 6 LM263111503 Other reserves 42.6 41.8 41.4 44.4 41.1 41.5 42.9 44.4 42.1 6

 7 FL893011005 Total assets 173.4 174.8 178.2 195.6 176.0 182.4 188.6 195.6 189.0 7

 8 FL313011005 Federal government 91.0 93.9 97.8 111.7 96.4 102.2 106.5 111.7 107.0 8

 9 FL313011205 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 LM313011303 SDR holdings 51.9 50.8 50.7 52.9 50.1 50.6 51.7 52.9 52.1 10

 11 LM313011405 Reserve position in IMF 17.9 22.3 26.4 36.6 25.8 30.9 33.4 36.6 33.9 11

 12 LM313011505 Other reserves 21.2 20.8 20.6 22.1 20.5 20.7 21.4 22.1 21.0 12

 13 LM313111303 Rest of the world: SDR allocations 50.3 49.1 48.8 50.9 48.2 48.6 49.7 50.9 50.1 13

 14 FL713011005 Monetary authority 32.2 31.8 31.6 33.1 31.4 31.6 32.3 33.1 31.9 14

 15 FL713011203 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

 16 FL713011405 Reserve position in IMF -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 16

 17 LM713011505 Other reserves 21.4 21.0 20.8 22.3 20.6 20.9 21.6 22.3 21.2 17

 18 FL903011005 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 SDR certificates:

 1 FL713014003 Liab: Federal government 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 FL713014003 Asset: Monetary authority 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 FL313112003 Liab: Federal government 24.0 23.7 23.2 23.1 23.2 23.2 23.1 23.1 23.1 3

 4 FL713012003 Asset: Monetary authority 49.4 49.8 50.1 50.5 50.2 50.3 50.4 50.5 50.5 4

 5 FL903012005 Discrepancy (seigniorage) -25.4 -26.1 -26.9 -27.3 -27.0 -27.1 -27.2 -27.3 -27.4 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 LM263191005 Total rest of the world liability 760.5 826.9 794.4 834.3 977.6 814.7 876.4 834.3 827.8 1

 Held by:

 2 LM153091003 Household sector 39.1 42.0 41.0 46.6 50.4 44.0 47.9 46.6 47.7 2

 3 FL103091003 Nonfinancial corporate business 216.6 106.3 131.0 140.4 111.3 144.3 158.5 140.4 139.0 3

 4 FL633091003 Money market funds 3.7 1.5 7.4 0.7 3.8 2.1 0.9 0.7 1.7 4

 5 FL903091005 Discrepancy--unallocated assets 501.1 677.0 615.0 646.6 812.1 624.3 669.1 646.6 639.4 5
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Z.1, June 10, 2021 113

L.203 Net Interbank Transactions

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL794110005 Total liabilities 2165.0 1810.9 1712.4 3258.2 3063.9 3210.9 3080.8 3258.2 3829.3 1

 2 FL714110005 Monetary authority 2026.2 1638.0 1632.3 3094.1 2573.3 2879.0 2833.3 3094.1 3770.2 2

 3 FL764110005 U.S.-chartered depository institutions 52.6 21.5 7.7 8.8 67.4 127.8 93.8 8.8 -101.6 3

 4 FL754110005 Foreign banking offices in U.S. 129.6 191.1 113.1 191.8 468.5 243.5 193.5 191.8 191.0 4

 5 FL744110005 Banks in U.S.-affiliated areas -1.0 -1.3 -1.6 -1.4 -2.0 -2.0 -1.5 -1.4 -1.3 5

 6 FL474110005 Credit unions -42.4 -38.4 -39.1 -35.2 -43.3 -37.4 -38.2 -35.2 -28.9 6

 7 FL894010005 Total assets 2183.3 1844.1 1755.2 3291.0 3122.7 3249.4 3120.4 3291.0 3849.2 7

 8 FL714010005 Monetary authority -0.8 -0.7 -0.6 44.0 76.0 82.7 65.3 44.0 40.3 8

 9 FL763020005 U.S.-chartered depository institutions 1239.1 970.5 990.8 2289.0 1575.5 2059.0 2008.0 2289.0 2700.0 9

 10 FL753020005 Foreign banking offices in U.S. 710.1 598.6 554.1 602.5 873.8 644.6 649.6 602.5 811.0 10

 11 FL743013003 Banks in U.S.-affiliated areas 7.8 6.0 4.4 14.7 8.0 13.4 16.0 14.7 14.5 11

 12 FL473013005 Credit unions 69.3 62.9 83.0 188.0 116.0 162.0 159.7 188.0 244.6 12

 13 FL264016005 Rest of the world 158.0 206.8 123.6 152.9 473.4 287.7 221.8 152.9 38.7 13

 14 FL904010005 Discrepancy -18.4 -33.2 -42.8 -32.8 -58.8 -38.5 -39.6 -32.8 -19.9 14

 Memo:

 Vault cash:

 15 FL703025005 Liab.: Monetary authority 77.2 82.0 83.4 99.2 99.0 92.0 90.0 99.2 97.5 15

 16 FL763025000 Asset: U.S.-chartered depository institutions 77.2 82.0 83.4 99.2 99.0 91.9 90.0 99.2 97.5 16

 17 FL753025003 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 Depository institution reserves:

 18 FL713113003 Liab.: Monetary authority 1949.0 1556.0 1548.8 2994.9 2474.3 2787.0 2743.2 2994.9 3672.7 18

 19 FL763013005 Asset: U.S.-chartered depository institutions 1161.9 888.4 907.3 2189.8 1476.5 1967.1 1918.0 2189.8 2602.5 19

 20 FL753013003 Foreign banking offices in U.S. 710.1 598.6 554.1 602.5 873.8 644.6 649.6 602.5 811.0 20

 21 FL743013003 Banks in U.S.-affiliated areas 7.8 6.0 4.4 14.7 8.0 13.4 16.0 14.7 14.5 21

 22 FL473013005 Credit unions 69.3 62.9 83.0 188.0 116.0 162.0 159.7 188.0 244.6 22

 Other transactions with the monetary authority

 23 FL714010075 Liab: U.S.-chartered depository institutions -0.8 -0.7 -0.6 43.6 76.0 82.2 64.8 43.6 40.1 23

 24 FL713068743 Credit unions 0.0 0.0 0.0 0.4 0.0 0.5 0.5 0.4 0.2 24

 25 FL714010005 Asset: Monetary authority -0.8 -0.7 -0.6 44.0 76.0 82.7 65.3 44.0 40.3 25

 26 FL713022003 Federal Reserve float -0.9 -0.8 -0.6 -0.6 -0.7 -0.7 -1.3 -0.6 -1.1 26

 27 FL713068705 Loans to depository institutions 0.1 0.1 0.0 44.6 76.6 83.5 66.6 44.6 41.4 27

 Transactions with banks in foreign countries (net):

 28 FL764116205 Liab.: U.S.-chartered depository institutions (net) 84.1 65.9 47.6 -8.1 49.6 81.6 51.5 -8.1 -117.3 28

 29 FL763192605 Due to foreign affiliates 384.9 347.1 369.8 411.3 413.7 421.6 421.6 411.3 374.4 29

 30 FL763092605 - Due from foreign affiliates 300.8 281.2 322.2 419.5 364.1 340.0 370.1 419.5 491.7 30

 31 FL754116205 Foreign banking offices in U.S. (net) 158.7 225.7 151.2 210.9 500.1 263.3 215.9 210.9 210.5 31

 32 FL753192605 Due to foreign affiliates 1016.7 982.1 982.1 1022.6 1311.6 1112.5 1032.3 1022.6 1040.3 32

 33 FL753092605 - Due from foreign affiliates 858.0 756.4 830.9 811.7 811.6 849.2 816.5 811.7 829.8 33

 34 FL264116205 Less: Deposits at foreign banks 28.0 30.3 26.8 33.7 29.0 27.1 30.3 33.7 41.0 34

 35 FL764016205 U.S.-chartered depository institutions 14.4 17.8 15.2 23.0 19.0 19.7 20.6 23.0 27.4 35

 36 FL754016205 Foreign banking offices in U.S. 13.6 12.4 11.6 10.6 10.0 7.4 9.7 10.6 13.6 36

 37 FL264135125 Loans to foreign banks 75.2 72.0 69.7 44.6 68.7 56.4 46.2 44.6 42.7 37

 38 FL764035125 U.S.-chartered depository institutions 28.9 28.9 28.9 17.6 29.9 24.0 17.7 17.6 17.9 38

 39 FL754035125 Foreign banking offices in U.S. 46.3 43.1 40.8 27.0 38.8 32.3 28.5 27.0 24.8 39

 40 FL264035125 Plus: Loans from foreign banks 18.3 17.5 21.3 28.4 21.5 26.2 31.0 28.4 29.2 40

 41 FL274135123 U.S.-chartered depository institutions 9.4 9.2 11.8 17.4 11.5 15.3 18.4 17.4 17.7 41

 42 FL284135125 Foreign banking offices in U.S. 8.9 8.3 9.5 11.0 9.9 10.8 12.5 11.0 11.5 42

 43 FL264016005 Asset: Rest of the world (1) 158.0 206.8 123.6 152.9 473.4 287.7 221.8 152.9 38.7 43

 Transactions between U.S. depository institutions (net):

 44 FL764112005 U.S.-chartered depository institutions (net) 3.1 -6.1 -7.0 -3.4 -20.7 -7.7 -2.7 -3.4 3.1 44

 45 FL764112205 Due to (3): 54.0 33.3 24.3 27.8 14.2 26.5 26.9 27.8 38.6 45

 46 FL754012205 Foreign banking offices in U.S. 29.0 26.8 26.4 23.6 27.6 25.1 26.2 23.6 28.0 46

 47 FL743020005 Banks in U.S.-affiliated areas 1.0 1.3 1.6 1.4 2.0 2.0 1.5 1.4 1.3 47

 48 FL474012205 Credit unions 42.4 38.4 39.1 35.6 43.3 37.9 38.7 35.6 29.1 48

 49 FL754112205 - Due from: Foreign banking offices in U.S. 50.9 39.5 31.3 31.1 34.9 34.1 29.6 31.1 35.4 49

 50 FL904010005 Unallocated (2) -18.4 -33.2 -42.8 -32.8 -58.8 -38.5 -39.6 -32.8 -19.9 50

(1) Sum of lines 28 and 31 less line 34 and line 37 plus line 40.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 13 above. However, the unallocated amount (line 50), which is due to inconsistencies

 in source data, appears on line 14 as the discrepancy between liabilities and assets.

(3) Sum of lines 46, 47, 48, and 50.
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114 Z.1, June 10, 2021

L.204 Checkable Deposits and Currency

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL793120005 Total liabilities 4268.3 4583.7 4855.6 9128.6 5771.4 7671.4 7927.0 9128.6 9036.7 1

 2 FL713120005 Monetary authority 1858.2 2117.6 2207.3 3945.7 2593.2 3792.1 3914.6 3945.7 3521.7 2

 3 FL713123005 Federal government cash and deposits 229.1 402.4 404.0 1728.6 515.6 1722.1 1781.7 1728.6 1122.0 3

 4 FL713124005 Due to government-sponsored enterprises 17.2 10.5 12.5 51.0 120.0 42.0 25.5 51.0 134.1 4

 5 FL713129005 Due to other financial business 65.7 62.3 61.2 154.2 160.4 133.7 145.9 154.2 185.8 5

 6 FL713122605 Deposits due to foreign 5.3 5.3 5.2 21.9 17.4 16.3 18.9 21.9 33.2 6

 7 FL713125005 Currency outside banks 1540.8 1637.2 1724.2 1989.9 1779.7 1878.1 1942.5 1989.9 2046.6 7

 8 FL763127005 U.S.-chartered depository institutions 2015.4 2053.7 2191.5 4572.8 2649.7 3303.4 3416.4 4572.8 4805.7 8

 9 FL763123005 Federal government deposits 1.9 1.8 1.6 2.7 1.7 1.9 2.4 2.7 2.4 9

 10 FL763128000 State and local government deposits 140.6 132.9 139.1 229.9 142.3 167.3 178.1 229.9 249.0 10

 11 FL763122605 Deposits due to foreign 59.4 74.4 79.1 61.2 91.2 70.6 63.0 61.2 57.9 11

 12 FL763129205 Private domestic deposits 1813.6 1844.7 1971.7 4279.0 2414.6 3063.6 3172.8 4279.0 4496.4 12

 13 FL753127005 Foreign banking offices in U.S. 185.0 177.8 199.0 256.3 251.0 256.2 265.9 256.3 306.8 13

 14 FL753122603 Deposits due to foreign 75.2 74.4 77.5 112.8 100.0 105.9 107.1 112.8 119.6 14

 15 FL753129205 Private domestic deposits 109.8 103.3 121.4 143.5 151.0 150.4 158.9 143.5 187.2 15

 16 FL743127003 Banks in U.S.-affiliated areas 37.4 40.9 45.7 56.7 46.5 54.4 56.5 56.7 61.3 16

 17 FL473127003 Credit unions 172.4 193.8 212.1 297.1 231.0 265.4 273.7 297.1 341.1 17

 18 FL793120005 Total assets 4268.3 4583.7 4855.6 9128.6 5771.4 7671.4 7927.0 9128.6 9036.7 18

 19 FL153020005 Household sector 1295.0 1208.7 1180.3 2886.9 1325.5 1601.6 1744.8 2886.9 3355.3 19

 20 FL143020005 Nonfinancial business 1257.7 1507.2 1677.8 2454.6 1955.8 2461.6 2544.6 2454.6 2411.6 20

 21 FL103020000 Corporate 951.7 1189.7 1339.9 2012.6 1559.9 2017.3 2102.2 2012.6 1909.9 21

 22 FL113020005 Noncorporate 306.0 317.5 338.0 442.0 395.9 444.3 442.4 442.0 501.7 22

 23 FL313020005 Federal government 232.0 405.9 407.2 1732.1 518.9 1725.4 1784.9 1732.1 1117.1 23

 24 FL213020005 State and local governments 140.6 132.9 139.1 229.9 142.3 167.3 178.1 229.9 249.0 24

 25 FL793020005 Domestic financial sectors 491.5 398.9 462.2 679.9 767.6 640.1 565.4 679.9 725.5 25

 26 FL513020005 Property-casualty insurance companies 31.9 30.2 47.6 50.2 44.2 54.5 46.3 50.2 57.5 26

 27 FL543020005 Life insurance companies 91.1 90.7 94.7 127.7 143.6 148.5 132.1 127.7 121.3 27

 28 FL573020005 Private pension funds 21.8 16.8 16.9 17.0 17.2 17.1 17.0 17.0 16.9 28

 29 FL343020033 Federal government retirement funds 1.0 0.8 0.7 0.9 0.7 0.8 0.8 0.9 0.9 29

 30 FL223020043 State and local govt. retirement funds 30.2 28.6 22.8 28.5 21.9 20.4 20.8 28.5 29.6 30

 31 FL633020000 Money market funds 22.1 -43.7 1.2 -7.8 -25.8 -45.1 -74.0 -7.8 -54.2 31

 32 FL403020005 Government-sponsored enterprises 49.4 36.8 34.6 92.5 142.0 71.1 57.6 92.5 153.9 32

 33 FL613020003 Finance companies 18.6 14.3 12.2 16.4 16.5 20.7 17.0 16.4 16.1 33

 34 FL643020005 REITs 40.8 36.0 44.9 62.0 85.0 79.5 68.0 62.0 60.9 34

 35 FL663020003 Brokers and dealers 119.0 126.2 125.2 138.4 162.0 139.0 133.9 138.4 136.9 35

 36 FL713129005 Other financial business 65.7 62.3 61.2 154.2 160.4 133.7 145.9 154.2 185.8 36

 37 FL263020005 Rest of the world 848.5 928.0 987.0 1142.4 1059.8 1073.3 1106.5 1142.4 1167.4 37

 38 FL263027003 Checkable deposits 139.9 154.1 161.8 195.9 208.6 192.7 189.1 195.9 210.8 38

 39 FL263025003 Currency 708.6 773.9 825.2 946.5 851.2 880.6 917.5 946.5 956.6 39

 40 FL903020005 Mail float 3.2 2.2 1.9 2.9 1.4 2.1 2.6 2.9 10.9 40
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Z.1, June 10, 2021 115

L.205 Time and Savings Deposits 

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL703130005 Total liabilities 11670.4 12200.5 12884.0 13679.8 13498.3 14169.4 14210.8 13679.8 14192.3 1

 2 FL763130005 U.S.-chartered depository institutions 9802.0 10293.9 10804.8 11461.2 11428.8 11958.3 12002.3 11461.2 11862.7 2

 3 FL753130005 Foreign banking offices in U.S. 821.8 819.8 908.8 858.0 859.3 917.5 883.8 858.0 893.1 3

 4 FL743130003 Banks in U.S.-affiliated areas 38.1 38.5 39.8 42.9 41.5 42.7 43.4 42.9 46.2 4

 5 FL473130005 Credit unions 1008.6 1048.3 1130.6 1317.7 1168.7 1250.9 1281.3 1317.7 1390.2 5

 6 FL703130005 Total assets 11670.4 12200.5 12884.0 13679.8 13498.3 14169.4 14210.8 13679.8 14192.3 6

 7 FL153030005 Household sector 9233.8 9661.4 10194.2 10807.7 10533.4 11161.3 11267.0 10807.7 11187.6 7

 8 FL143030005 Nonfinancial business 1181.4 1235.1 1308.0 1517.3 1480.1 1555.7 1550.1 1517.3 1577.4 8

 9 FL103030003 Corporate 181.3 187.2 201.5 288.3 298.9 316.9 314.8 288.3 277.1 9

 10 FL113030003 Noncorporate 1000.1 1047.9 1106.5 1229.0 1181.2 1238.9 1235.2 1229.0 1300.3 10

 11 FL313030003 Federal government 1.9 2.0 2.3 1.0 1.9 2.1 1.6 1.0 9.9 11

 12 FL213030000 State and local governments 395.5 403.4 423.2 413.6 430.4 429.7 434.1 413.6 405.9 12

 13 FL793030005 Domestic financial sectors 293.2 296.7 356.7 242.9 349.1 334.0 282.5 242.9 282.8 13

 14 FL573030005 Private pension funds 35.0 30.0 29.7 28.9 29.8 29.5 29.2 28.9 28.7 14

 15 FL223030043 State and local govt. retirement funds 2.5 2.2 4.4 2.4 4.2 2.8 2.4 2.4 2.0 15

 16 FL633030000 Money market funds 178.9 190.6 258.8 140.6 239.4 215.4 180.2 140.6 185.2 16

 17 FL403030005 Government-sponsored enterprises 7.6 20.2 15.8 8.8 16.0 13.3 8.5 8.8 7.2 17

 18 FL613030003 Finance companies 55.8 42.8 36.7 49.3 49.5 62.2 51.1 49.3 48.4 18

 19 FL733030003 Holding companies 13.3 11.0 11.1 13.0 10.2 10.8 11.1 13.0 11.3 19

 20 FL263030005 Rest of the world 564.6 601.9 599.7 697.3 703.5 686.5 675.6 697.3 728.7 20

L.206 Money Market Fund Shares

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL634090005 Total assets 2848.4 3038.3 3634.3 4335.6 4338.0 4635.9 4410.1 4335.6 4499.6 1

 2 FL153034005 Household sector 1617.9 1799.0 2219.4 2595.1 2417.8 2689.9 2665.0 2595.1 2783.2 2

 3 FL103034000 Nonfinancial corporate business 499.5 466.1 558.3 677.9 919.6 868.9 686.8 677.9 628.5 3

 4 FL113034003 Nonfinancial noncorporate business 99.8 104.6 110.4 119.1 113.9 118.3 119.7 119.1 114.1 4

 5 FL213034003 State and local governments 21.9 19.8 26.5 34.5 32.4 35.3 34.3 34.5 35.8 5

 6 FL513034005 Property-casualty insurance companies 19.6 22.3 24.7 34.7 24.7 32.8 30.1 34.7 38.5 6

 7 FL543034005 Life insurance companies 48.2 55.0 58.6 66.5 88.4 84.6 73.0 66.5 62.5 7

 8 FL573034005 Private pension funds 158.9 158.5 160.0 161.8 162.8 162.8 162.9 161.8 161.4 8

 9 FL223034005 State and local govt. retirement funds 62.1 59.7 20.6 23.2 29.6 27.6 27.3 23.2 23.6 9

 10 FL503034005 Other financial business 227.2 242.8 330.8 495.8 418.4 479.7 481.8 495.8 520.2 10

 11 FL263034003 Rest of the world 93.4 110.7 125.1 127.1 130.5 135.9 129.3 127.1 131.9 11
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L.207 Federal Funds and Security Repurchase Agreements (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL892150005 Total liabilities 3838.2 3970.0 4426.9 4229.4 4777.6 4086.1 4091.1 4229.4 4063.0 1

 2 FL712151003 Monetary authority 564.0 304.0 336.6 216.1 569.1 233.0 205.2 216.1 352.2 2

 3 FL762150005 U.S.-chartered depository institutions 170.4 143.1 167.0 170.9 191.1 190.5 179.0 170.9 187.5 3

 4 FL762152005 Federal funds (2) 46.2 40.3 38.7 21.5 49.1 34.5 20.5 21.5 19.9 4

 5 FL762151005 Security repurchase agreements 124.3 102.8 128.4 149.4 142.1 156.0 158.5 149.4 167.6 5

 6 FL752150005 Foreign banking offices in U.S. 552.5 503.6 550.0 545.0 597.2 498.2 540.9 545.0 557.5 6

 7 FL752152005 Federal funds (2) 28.0 17.9 19.2 12.3 25.7 21.9 18.1 12.3 24.4 7

 8 FL752151005 Security repurchase agreements 524.5 485.7 530.8 532.6 571.5 476.2 522.8 532.6 533.1 8

 9 FL472150053 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FL512151003 Property-casualty insurance companies 0.4 0.2 0.2 0.2 0.2 0.3 0.3 0.2 0.3 10

 11 FL542151073 Life insurance companies 21.4 24.1 17.5 18.6 25.4 21.4 25.5 18.6 15.2 11

 12 FL402150005 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 12

 13 FL642151073 REITs 264.3 307.6 379.3 221.5 259.8 229.8 220.2 221.5 218.1 13

 14 FL662151003 Brokers and dealers 1392.5 1698.4 1755.0 1774.2 1815.9 1680.4 1713.2 1774.2 1573.6 14

 15 FL732151003 Holding companies 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 15

 16 FL262151003 Rest of the world 872.6 989.0 1221.2 1283.0 1318.9 1232.6 1206.8 1283.0 1158.4 16

 17 FL892050005 Total assets 4072.4 4452.3 5115.0 4860.8 5525.7 4745.8 4718.0 4860.8 4565.0 17

 18 FL102051003 Nonfinancial corporate business 39.6 14.6 13.4 35.8 27.4 32.4 30.3 35.8 23.7 18

 19 FL212051003 State and local governments 163.7 164.9 163.6 182.9 161.4 174.2 178.9 182.9 189.1 19

 20 FL712051000 Monetary authority 0.0 0.0 255.6 0.0 262.7 58.0 0.0 0.0 0.0 20

 21 FL762050005 U.S.-chartered depository institutions 222.5 382.8 358.5 538.3 331.3 560.3 498.1 538.3 294.4 21

 22 FL762052005 Federal funds (2) 24.4 20.3 24.2 25.5 21.3 32.1 19.9 25.5 27.7 22

 23 FL762051005 Security repurchase agreements 198.0 362.5 334.3 512.8 309.9 528.2 478.2 512.8 266.7 23

 24 FL752050005 Foreign banking offices in U.S. 268.1 319.0 379.0 323.7 327.2 302.2 336.1 323.7 307.7 24

 25 FL752052005 Federal funds (2) 0.9 1.2 0.3 0.3 0.6 1.1 1.3 0.3 1.0 25

 26 FL752051005 Security repurchase agreements 267.2 317.8 378.7 323.3 326.6 301.1 334.9 323.3 306.7 26

 27 FL472050053 Credit unions 0.2 0.2 0.8 0.5 0.8 0.8 0.8 0.5 0.5 27

 28 FL472052053 Federal funds 0.0 0.1 0.3 0.1 0.3 0.1 0.2 0.1 0.1 28

 29 FL472051053 Security repurchase agreements 0.2 0.0 0.6 0.4 0.5 0.6 0.6 0.4 0.4 29

 30 FL512051005 Property-casualty insurance companies 1.4 1.3 2.0 2.2 2.3 3.0 3.1 2.2 2.3 30

 31 FL542051075 Life insurance companies 2.0 2.2 6.3 8.2 9.6 8.5 10.6 8.2 7.0 31

 32 FL572051005 Private pension funds 2.9 2.5 2.4 2.3 2.4 2.4 2.4 2.3 2.3 32

 33 FL222051043 State and local govt. retirement funds 4.7 4.5 6.9 7.8 6.4 4.0 2.5 7.8 8.0 33

 34 FL632051000 Money market funds 956.5 1019.5 1175.1 1006.3 1468.4 906.1 997.2 1006.3 1055.8 34

 35 FL652051003 Mutual funds 98.0 81.7 102.8 108.2 107.3 104.1 96.7 108.2 115.4 35

 36 FL402050005 Government-sponsored enterprises 195.6 170.6 195.2 212.5 153.9 225.0 206.9 212.5 146.8 36

 37 FL402052033 Of which: FHLB federal funds (3) 65.5 54.2 51.4 31.5 74.4 53.7 44.5 31.5 54.3 37

 38 FL662051003 Brokers and dealers 1109.0 1315.2 1396.0 1322.1 1483.0 1282.2 1279.0 1322.1 1238.0 38

 39 FL732051003 Holding companies 5.7 1.7 2.1 41.9 2.1 22.2 37.1 41.9 29.7 39

 40 FL502051003 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 FL262051005 Rest of the world 1002.6 971.7 1055.3 1068.1 1179.4 1060.5 1038.2 1068.1 1144.2 41

 42 FL902050005 Discrepancy -234.2 -482.4 -688.1 -631.4 -748.0 -659.7 -626.9 -631.4 -502.1 42

 Memo:

 43 FL072052006 Effective federal funds rate (percent) (4) 1.30 2.27 1.55 0.09 0.65 0.08 0.09 0.09 0.07 43

 Federal Reserve’s reverse repurchase agreement operations:

 44 FL712151103 Liability: Monetary authority (5) 319.6 41.8 64.1 9.7 284.9 1.0 0.9 9.7 134.3 44

 45 FL632051103 Asset: Money market funds (6) 288.1 39.7 46.9 9.7 284.9 1.0 0.9 9.7 125.3 45

 46 FL792051115 Other financial institutions (7) 31.5 2.2 17.2 0.0 0.0 0.0 0.0 0.0 9.0 46

(1) Detailed data on federal funds and security repurchase agreements are available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S.,

 1997:Q1 for credit unions, and 2000:Q1 for FHLB.

(2) Excludes term federal funds.

(3) Includes term federal funds.

(4) The effective federal funds rate is a weighted average of rates on brokered trades. Annualized using a 360-day year.

(5) Included in line 2.

(6) Included in line 34.

(7) Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
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L.208 Debt Securities (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 By instrument

 1 FL894122005 Total debt securities 43216.1 45112.5 47397.1 53906.6 48369.4 51920.3 52697.1 53906.6 54652.6 1

 2 FL893169175 Open market paper 965.9 996.0 1045.2 986.9 1088.8 1006.6 956.9 986.9 1105.2 2

 3 FL313161105 Treasury securities 16430.9 17842.1 19018.7 23600.9 19518.4 22370.7 22900.4 23600.9 23943.0 3

 4 FL893161705 Agency- and GSE-backed securities 8867.1 9112.6 9429.5 10086.7 9769.1 9743.7 9866.2 10086.7 10226.4 4

 5 FL383162005 Municipal securities 3904.0 3846.3 3866.4 3950.1 3872.1 3891.8 3926.1 3950.1 3977.3 5

 6 FL893163005 Corporate and foreign bonds 13048.2 13315.6 14037.2 15282.1 14121.0 14907.5 15047.5 15282.1 15400.8 6

 By sector

 7 FL894122005 Total liabilities 43216.1 45112.5 47397.1 53906.6 48369.4 51920.3 52697.1 53906.6 54652.6 7

 8 FL384122005 Domestic nonfinancial sectors 25961.3 27451.6 28902.3 34245.8 29646.1 32878.4 33484.0 34245.8 34745.4 8

 9 FL163162003 Nonprofit organizations (2) 217.5 215.1 211.8 202.1 208.9 206.6 205.3 202.1 202.1 9

 10 FL104122005 Nonfinancial corporate business 6169.9 6303.8 6573.5 7257.4 6814.5 7176.3 7219.6 7257.4 7387.4 10

 11 FL314122005 Federal government 16455.3 17865.0 19039.9 23621.1 19539.6 22391.7 22920.6 23621.1 23962.8 11

 12 FL213162005 State and local governments 3118.6 3067.7 3077.1 3165.2 3083.0 3103.8 3138.5 3165.2 3193.1 12

 13 FL794122005 Domestic financial sectors 13910.8 14254.8 14690.3 15607.9 15231.3 15288.8 15344.4 15607.9 15785.8 13

 14 FL764122005 U.S.-chartered depository institutions 223.2 247.5 209.7 268.5 232.9 242.3 251.4 268.5 279.7 14

 15 FL753169175 Foreign banking offices in U.S. 38.1 40.8 38.5 35.4 51.1 43.3 36.2 35.4 40.0 15

 16 FL403161705 Government-sponsored enterprises 6716.3 6797.3 7002.2 7638.1 7318.1 7305.1 7417.7 7638.1 7775.1 16

 17 FL413065005 Agency- and GSE-backed mortgage pools 2126.5 2292.3 2406.0 2428.3 2429.8 2417.6 2428.4 2428.3 2431.4 17

 18 FL674122005 ABS issuers 1121.9 1120.9 1180.3 1222.3 1232.9 1221.2 1218.6 1222.3 1219.7 18

 19 FL614122005 Finance companies 835.1 879.2 835.4 815.2 859.4 849.0 816.4 815.2 805.5 19

 20 FL644122005 REITs 439.0 470.0 539.3 580.5 529.9 566.3 574.7 580.5 587.8 20

 21 FL663163003 Brokers and dealers 185.7 184.0 174.0 183.9 256.9 179.7 165.4 183.9 196.3 21

 22 FL734122005 Holding companies 1448.6 1401.7 1445.7 1577.5 1538.2 1606.9 1569.1 1577.5 1538.0 22

 23 FL504122005 Other financial business 776.5 821.2 859.1 858.2 782.0 857.4 866.5 858.2 912.2 23

 24 LM264122005 Rest of the world 3344.0 3406.1 3804.5 4052.9 3492.1 3753.1 3868.7 4052.9 4121.4 24

 25 FL894022005 Total assets 43555.0 44423.6 48627.3 56384.7 49976.0 54408.6 55133.3 56384.7 55592.4 25

 26 FL384022005 Domestic nonfinancial sectors 6268.9 6996.7 7762.7 7550.1 7526.1 7561.4 7366.9 7550.1 7008.3 26

 27 LM154022005 Household sector 4391.1 5079.5 5653.1 5116.9 5286.7 5166.4 4976.7 5116.9 4639.7 27

 28 LM104022005 Nonfinancial corporate business 236.0 253.2 326.6 386.5 374.5 395.3 391.9 386.5 346.5 28

 29 LM114022005 Nonfinancial noncorporate business 75.1 75.8 80.0 86.3 82.6 85.8 86.8 86.3 82.1 29

 30 FL314022005 Federal government 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 30

 31 LM214022005 State and local governments 1566.2 1587.7 1702.4 1959.9 1781.8 1913.4 1911.1 1959.9 1939.5 31

 32 FL794022005 Domestic financial sectors 25944.1 26240.8 28793.8 35963.9 30258.5 34126.0 34997.3 35963.9 35965.9 32

 33 LM714022005 Monetary authority 4448.3 3982.6 4011.9 7422.2 5312.9 6847.7 7163.7 7422.2 7548.3 33

 34 LM764022005 U.S.-chartered depository institutions 3757.4 3760.5 4083.5 5124.6 4272.1 4588.4 4866.6 5124.6 5486.0 34

 35 LM754022005 Foreign banking offices in U.S. 303.3 318.1 309.0 313.5 340.2 334.4 319.4 313.5 294.7 35

 36 LM744022003 Banks in U.S.-affiliated areas 14.7 19.5 33.6 41.3 34.0 38.8 39.3 41.3 43.8 36

 37 LM474022005 Credit unions 213.0 201.8 221.3 311.1 235.2 267.5 290.9 311.1 374.2 37

 38 LM514022005 Property-casualty insurance companies 1097.2 1118.6 1192.8 1270.2 1184.1 1248.6 1270.6 1270.2 1243.6 38

 39 LM544022005 Life insurance companies 3591.2 3509.2 4023.0 4431.5 3964.5 4257.3 4345.0 4431.5 4221.9 39

 40 LM574022005 Private pension funds 1391.2 1416.1 1607.8 1828.6 1637.7 1728.4 1765.2 1828.6 1757.0 40

 41 LM344022005 Federal government retirement funds 1753.6 2061.7 2177.4 2326.5 2181.6 2185.0 2232.0 2326.5 2318.2 41

 42 LM224022045 State and local govt. retirement funds 955.0 975.6 962.2 1031.9 968.5 994.4 1017.1 1031.9 972.4 42

 43 FL634022005 Money market funds 1680.7 1862.3 2181.3 3185.3 2568.7 3544.2 3290.6 3185.3 3234.3 43

 44 LM654022005 Mutual funds 4541.1 4557.2 5216.2 5681.7 4861.5 5158.6 5460.7 5681.7 5613.0 44

 45 LM554022005 Closed-end funds 168.0 161.0 171.5 176.0 151.8 162.2 166.4 176.0 176.5 45

 46 LM564022005 Exchange-traded funds 556.5 636.1 825.0 1065.5 830.5 944.1 1007.1 1065.5 1080.6 46

 47 LM404022005 Government-sponsored enterprises 404.9 408.3 467.7 520.1 484.2 547.9 557.0 520.1 471.9 47

 48 FL674022005 ABS issuers 12.3 20.4 33.0 30.3 32.0 30.6 29.5 30.3 28.6 48

 49 LM613063003 Finance companies 63.8 55.3 60.0 73.6 58.8 68.2 69.9 73.6 70.8 49

 50 LM644022005 REITs 297.6 324.5 386.7 236.4 246.3 241.7 234.5 236.4 223.3 50

 51 LM664022005 Brokers and dealers 338.2 478.9 450.2 415.9 515.2 514.4 452.3 415.9 235.8 51

 52 LM734022605 Holding companies 67.2 97.4 132.0 124.0 123.4 127.4 118.1 124.0 147.0 52

 53 FL504022005 Other financial business 289.1 275.7 247.7 353.5 255.2 296.4 301.3 353.5 424.0 53

 54 LM264022005 Rest of the world 11341.9 11186.0 12070.9 12870.7 12191.5 12721.2 12769.1 12870.7 12618.1 54

 55 LM904022005 Discrepancy (3) -338.9 688.9 -1230.2 -2478.1 -1606.6 -2488.3 -2436.2 -2478.1 -939.7 55

(1) Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.

(2) Liability of the households and nonprofit organizations sector (tables L.101 and B.101).

(3) The accumulated valuation difference between issuance and holdings.
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L.209 Open Market Paper

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893169175 Total liabilities 965.9 996.0 1045.2 986.9 1088.8 1006.6 956.9 986.9 1105.2 1

 2 FL893169105 Commercial paper 965.9 996.0 1045.2 986.9 1088.8 1006.6 956.9 986.9 1105.2 2

 3 FL103169100 Nonfinancial corporate business 206.7 196.5 194.5 132.2 243.1 166.1 122.2 132.2 144.0 3

 4 FL263169105 Foreign issues in U.S. 362.0 368.3 452.8 463.8 423.6 437.4 456.0 463.8 506.4 4

 5 FL263169110 Nonfinancial 45.1 51.5 57.8 48.8 63.9 72.2 61.2 48.8 52.1 5

 6 FL263169123 Financial 316.9 316.8 395.0 415.0 359.7 365.2 394.8 415.0 454.3 6

 7 FL793169100 Financial business 397.2 431.2 397.9 390.9 422.0 403.1 378.7 390.9 454.7 7

 8 FL763169103 U.S.-chartered depository institutions 75.5 87.5 68.4 98.0 80.0 84.5 89.5 98.0 104.4 8

 9 FL753169103 Foreign banking offices in U.S. 38.1 40.8 38.5 35.4 51.1 43.3 36.2 35.4 40.0 9

 10 FL673169105 ABS issuers 65.0 80.9 75.9 89.5 80.7 86.7 87.8 89.5 84.6 10

 11 FL613169100 Finance companies 72.2 64.6 63.5 41.8 61.7 50.8 42.5 41.8 41.3 11

 12 FL643169173 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FL733169103 Holding companies 4.4 5.9 5.9 5.2 5.4 4.9 3.6 5.2 5.5 13

 14 FL503169105 Other financial business 142.1 151.4 145.7 121.0 143.1 132.9 119.2 121.0 179.1 14

 15 FL703169605 Bankers’ acceptances (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL763169603 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FL753169603 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FL893169175 Total assets 965.9 996.0 1045.2 986.9 1088.8 1006.6 956.9 986.9 1105.2 18

 19 FL103069100 Nonfinancial corporate business 123.7 162.1 217.6 261.1 227.8 220.4 238.9 261.1 236.1 19

 20 FL213069103 State and local governments 77.7 78.2 77.6 86.7 76.5 82.6 84.8 86.7 90.6 20

 21 FL713069603 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FL763069175 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 2.0 27.5 11.8 3.9 2.0 0.1 22

 23 FL753069603 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FL473069153 Credit unions 0.0 0.2 0.7 0.3 1.2 0.7 0.3 0.3 0.2 24

 25 FL513069105 Property-casualty insurance companies 11.4 9.2 9.7 8.9 11.1 13.4 13.3 8.9 9.2 25

 26 FL543069105 Life insurance companies 38.1 33.1 28.8 34.0 38.3 34.8 40.4 34.0 31.1 26

 27 FL573069105 Private pension funds 42.9 37.6 37.4 36.6 37.5 37.2 36.9 36.6 36.4 27

 28 FL223069143 State and local govt. retirement funds 54.0 52.1 10.7 6.3 13.8 9.0 9.1 6.3 5.5 28

 29 FL633069175 Money market funds 152.6 193.7 237.2 173.4 225.4 219.0 177.9 173.4 182.8 29

 30 FL653069100 Mutual funds 98.0 81.7 102.8 108.2 107.3 104.1 96.7 108.2 115.4 30

 31 FL403069105 Government-sponsored enterprises 6.4 6.9 7.1 7.3 8.2 7.5 6.2 7.3 7.0 31

 32 FL663069103 Brokers and dealers 9.3 11.4 8.5 8.2 20.7 13.0 11.0 8.2 9.2 32

 33 FL503069105 Other financial business 216.5 205.0 176.8 168.3 178.4 120.7 125.6 168.3 291.5 33

 34 LM263069103 Rest of the world 135.4 124.7 130.3 85.6 115.0 132.4 112.0 85.6 90.0 34

(1) Excludes banks’ holdings of own acceptances.
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L.210 Treasury Securities (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL313161105 Total liabilities 16430.9 17842.1 19018.7 23600.9 19518.4 22370.7 22900.4 23600.9 23943.0 1

 2 FL313161205 Marketable Treasury securities 14434.6 15566.2 16628.9 20946.2 17115.8 19867.0 20340.2 20946.2 21347.4 2

 3 FL313161110 Treasury bills 1952.5 2339.4 2416.4 4963.1 2657.1 5078.8 5028.1 4963.1 4667.8 3

 4 FL313161275 Other Treasury notes, bonds, and TIPS 12470.6 13216.5 14203.7 15975.8 14449.9 14780.9 15304.8 15975.8 16672.3 4

 5 FL313161283 Held in the Civil Service Retirement Fund (2) 11.5 10.3 8.8 7.3 8.8 7.3 7.3 7.3 7.3 5

 6 FL313161305 Nonmarketable Treasury securities 1996.3 2275.9 2389.8 2654.7 2402.6 2503.6 2560.2 2654.7 2595.6 6

 7 FL313161400 U.S. savings securities 160.5 155.8 151.3 147.0 150.0 149.7 148.6 147.0 145.7 7

 8 FL213061120 State and local government series (SLGS) 92.4 66.2 77.8 115.8 84.4 89.2 106.6 115.8 121.7 8

 9 FL343061123 Thrift Savings Plan G Fund 68.7 253.4 250.8 292.7 267.4 278.2 287.1 292.7 293.0 9

 10 FL343061145 Federal govt. defined benefit pension plans 1637.6 1763.9 1877.2 1980.8 1867.0 1857.8 1894.2 1980.8 1974.6 10

 11 FL503061303 Held by Federal Reserve credit facility LLCs 0.0 0.0 0.0 95.7 0.0 95.6 95.7 95.7 42.6 11

 12 FL313161375 Other nonmarketable securities 37.0 36.6 32.7 22.7 33.8 33.1 28.1 22.7 18.1 12

 13 FL893061105 Total assets 16402.3 17681.3 19422.1 24548.3 20736.5 23558.3 24032.5 24548.3 24221.3 13

 14 LM153061105 Household sector 1094.2 1647.6 1963.3 1677.7 1500.1 1450.4 1522.6 1677.7 1539.5 14

 15 FL313161400 U.S. savings securities (line 7) 160.5 155.8 151.3 147.0 150.0 149.7 148.6 147.0 145.7 15

 16 LM153061185 Other Treasury securities 933.7 1491.8 1812.0 1530.7 1350.1 1300.7 1374.0 1530.7 1393.8 16

 17 LM103061103 Nonfinancial corporate business 71.3 54.4 63.6 75.2 92.2 112.9 96.2 75.2 64.0 17

 18 LM113061003 Nonfinancial noncorporate business 69.0 70.2 74.1 79.9 76.5 79.4 80.4 79.9 76.1 18

 19 LM213061105 State and local governments 760.0 770.7 849.6 1150.3 912.4 1069.3 1091.3 1150.3 1166.4 19

 20 FL213061120 SLGS (line 8) 92.4 66.2 77.8 115.8 84.4 89.2 106.6 115.8 121.7 20

 21 LM213061103 Other Treasury securities 667.5 704.5 771.8 1034.5 828.0 980.0 984.7 1034.5 1044.7 21

 22 LM713061103 Monetary authority 2633.0 2338.0 2540.7 5254.6 3757.4 4807.9 5056.0 5254.6 5273.2 22

 23 LM713061113 Treasury bills 0.0 0.0 168.5 326.0 325.9 325.9 326.0 326.0 326.0 23

 24 LM713061125 Other Treasury securities 2633.0 2338.0 2372.3 4928.6 3431.5 4481.9 4730.0 4928.6 4947.2 24

 25 LM763061100 U.S.-chartered depository institutions 484.4 569.8 704.1 1044.1 724.4 926.6 1019.5 1044.1 1110.9 25

 26 LM753061103 Foreign banking offices in U.S. 97.4 125.6 121.1 99.8 116.4 117.1 109.0 99.8 86.2 26

 27 LM743061103 Banks in U.S.-affiliated areas 5.0 10.2 16.6 13.8 14.7 17.6 15.1 13.8 15.3 27

 28 LM473061105 Credit unions 29.3 31.1 37.5 45.5 38.7 42.2 43.4 45.5 50.8 28

 29 LM513061105 Property-casualty insurance companies 149.6 156.8 153.4 157.5 163.1 167.4 170.7 157.5 162.7 29

 30 LM513061115 Treasury bills 58.8 46.2 37.4 51.9 46.9 62.9 69.6 51.9 53.7 30

 31 LM513061125 Other Treasury securities 90.8 110.6 116.0 105.6 116.2 104.4 101.1 105.6 109.0 31

 32 LM543061105 Life insurance companies 228.3 203.7 215.3 240.7 233.2 235.2 242.6 240.7 225.4 32

 33 LM543061115 Treasury bills 13.0 8.7 9.3 15.6 15.1 14.4 19.1 15.6 13.5 33

 34 LM543061125 Other Treasury securities 215.3 195.0 206.0 225.1 218.0 220.9 223.5 225.1 211.9 34

 35 LM573061105 Private pension funds 350.9 371.9 420.7 506.6 472.3 486.2 497.6 506.6 489.1 35

 36 LM573061143 Defined benefit plans 214.3 225.4 246.1 287.0 263.2 273.1 280.6 287.0 276.8 36

 37 LM573061133 Defined contribution plans 136.6 146.6 174.6 219.6 209.1 213.0 217.0 219.6 212.3 37

 38 LM343061105 Federal government retirement funds (3) 1730.3 2039.6 2151.3 2297.4 2157.8 2158.7 2204.5 2297.4 2290.4 38

 39 LM343061165 Defined benefit plans 1651.1 1775.8 1887.7 1989.3 1877.1 1866.5 1902.7 1989.3 1983.1 39

 40 LM343061155 Defined contribution plans 79.2 263.8 263.6 308.2 280.7 292.2 301.9 308.2 307.3 40

 41 LM223061143 State and local govt. retirement funds 289.4 367.9 341.1 353.2 333.8 303.6 324.1 353.2 332.6 41

 42 FL633061105 Money market funds 702.9 873.5 1036.5 2256.4 1267.8 2349.8 2275.2 2256.4 2362.5 42

 43 FL633061110 Treasury bills 461.4 590.9 622.0 1821.1 817.3 1873.2 1845.2 1821.1 1848.6 43

 44 FL633061120 Other Treasury securities 241.4 282.6 414.5 435.3 450.5 476.5 429.9 435.3 513.9 44

 45 LM653061105 Mutual funds 1090.8 1146.4 1310.9 1293.6 1114.1 1206.8 1253.7 1293.6 1265.8 45

 46 LM653061113 Treasury bills 86.1 93.2 45.3 45.7 39.8 44.6 44.3 45.7 41.0 46

 47 LM653061125 Other Treasury securities 1004.7 1053.1 1265.6 1247.9 1074.4 1162.2 1209.4 1247.9 1224.8 47

 48 LM553061103 Closed-end funds 3.7 3.5 3.2 3.0 2.7 2.8 2.9 3.0 3.0 48

 49 LM563061103 Exchange-traded funds 122.1 178.7 231.8 276.4 262.9 271.3 276.3 276.4 280.1 49

 50 LM403061105 Government-sponsored enterprises 100.3 120.0 175.8 259.2 194.5 257.0 279.1 259.2 224.9 50

 51 FL673061103 ABS issuers 12.3 20.4 33.0 30.3 32.0 30.6 29.5 30.3 28.6 51

 52 LM663061105 Brokers and dealers 144.6 276.4 229.5 201.1 265.8 268.0 221.1 201.1 19.1 52

 53 LM733061103 Holding companies 22.2 34.8 58.2 62.4 54.3 55.5 54.8 62.4 85.1 53

 54 FL503061303 Other financial business 0.0 0.0 0.0 95.7 0.0 95.6 95.7 95.7 42.6 54

 55 LM263061105 Rest of the world 6211.3 6270.1 6690.8 7073.9 6949.5 7046.6 7071.3 7073.9 7027.0 55

 56 LM263061110 Treasury bills 703.1 746.7 706.2 1027.3 729.5 1040.9 1017.3 1027.3 966.5 56

 57 LM263061120 Other Treasury securities 5508.1 5523.5 5984.6 6046.5 6220.0 6005.7 6054.0 6046.5 6060.5 57

 58 LM903061103 Discrepancy (4) 28.5 160.8 -403.4 -947.5 -1218.0 -1187.6 -1132.1 -947.5 -278.3 58

(1) Includes marketable and nonmarketable Treasury securities held by the public (net of premiums and discounts) and Treasury securities held by federal government employee retirement funds. In the Financial

 Accounts, nonmarketable government securities held by federal government employee defined benefit retirement funds are considered part of the financial business sector as opposed to intragovernmental

 holdings as reported on the Monthly Statement of the Public Debt.

(2) Long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank. These securities are not currently traded in the market.

(3) Comprised primarily of nonmarketable Treasury securities.

(4) The accumulated valuation difference between issuance and holdings.
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L.211 Agency- and GSE-Backed Securities (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893161705 Total liabilities 8867.1 9112.6 9429.5 10086.7 9769.1 9743.7 9866.2 10086.7 10226.4 1

 2 FL313161705 Budget agencies 24.4 22.9 21.2 20.2 21.2 21.0 20.2 20.2 19.8 2

 3 FL403161705 Government-sponsored enterprises 6716.3 6797.3 7002.2 7638.1 7318.1 7305.1 7417.7 7638.1 7775.1 3

 4 FL413065005 Agency- and GSE-backed mortgage pools 2126.5 2292.3 2406.0 2428.3 2429.8 2417.6 2428.4 2428.3 2431.4 4

 5 FL893061705 Total assets 8914.5 9043.5 9642.8 10371.5 10192.1 10134.3 10187.8 10371.5 10327.5 5

 6 LM153061705 Household sector 436.3 593.5 698.5 290.5 710.4 434.8 366.6 290.5 100.7 6

 7 LM103061703 Nonfinancial corporate business 23.8 18.1 21.2 25.1 30.7 37.6 32.1 25.1 21.3 7

 8 FL313061703 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 LM213061703 State and local governments 504.7 513.4 534.2 459.9 554.7 497.7 477.3 459.9 423.3 9

 10 LM713061705 Monetary authority 1815.3 1644.6 1471.1 2167.7 1555.5 2039.9 2107.8 2167.7 2275.1 10

 11 LM763061705 U.S.-chartered depository institutions 2207.4 2239.3 2408.2 3061.0 2582.8 2650.3 2804.6 3061.0 3233.2 11

 12 LM753061703 Foreign banking offices in U.S. 45.7 42.9 53.2 60.7 59.4 59.7 56.1 60.7 62.2 12

 13 LM743061703 Banks in U.S.-affiliated areas 1.5 8.0 8.0 15.0 7.2 9.1 12.2 15.0 16.6 13

 14 LM473061705 Credit unions 168.0 155.3 165.0 239.0 174.4 201.8 222.7 239.0 293.9 14

 15 LM513061705 Property-casualty insurance companies 115.1 127.0 149.7 145.3 151.0 143.9 148.7 145.3 139.5 15

 16 LM543061705 Life insurance companies 386.6 364.9 388.4 366.4 397.5 381.9 377.4 366.4 348.9 16

 17 LM573061705 Private pension funds 193.6 205.0 229.1 240.1 245.0 228.3 232.9 240.1 240.1 17

 18 LM343061705 Federal government retirement funds 9.1 8.8 10.5 11.7 10.1 10.7 11.0 11.7 11.3 18

 19 LM223061743 State and local govt. retirement funds 109.5 141.8 166.1 192.0 177.3 184.4 195.7 192.0 192.6 19

 20 FL633061700 Money market funds 682.2 644.9 755.1 630.3 931.1 826.2 699.8 630.3 572.7 20

 21 LM653061703 Mutual funds 600.0 603.6 654.0 696.6 682.8 553.4 663.0 696.6 703.6 21

 22 LM403061705 Government-sponsored enterprises 266.9 258.0 265.1 237.3 263.8 265.4 254.5 237.3 224.4 22

 23 FL673061703 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 LM643061773 REITs 255.3 273.7 334.5 208.4 210.5 209.9 206.6 208.4 197.4 24

 25 LM663061703 Brokers and dealers 54.1 72.3 104.1 95.2 122.2 127.2 98.3 95.2 87.2 25

 26 LM733061703 Holding companies 27.3 41.5 44.9 34.3 41.9 39.4 37.1 34.3 31.0 26

 27 LM263061705 Rest of the world 1012.2 1087.0 1182.1 1195.0 1283.6 1232.6 1183.4 1195.0 1152.6 27

 28 LM903061703 Discrepancy (2) -47.4 69.0 -213.4 -284.8 -423.0 -390.6 -321.6 -284.8 -101.1 28

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by Ginnie Mae, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are

 considered officially to be part of the total debt of the federal government, which is shown on table L.106, line 20.

(2) The accumulated valuation difference between issuance and holdings.
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L.212 Municipal Securities

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL383162005 Total liabilities 3904.0 3846.3 3866.4 3950.1 3872.1 3891.8 3926.1 3950.1 3977.3 1

 2 FL213162005 State and local governments 3118.6 3067.7 3077.1 3165.2 3083.0 3103.8 3138.5 3165.2 3193.1 2

 3 FL213162400 Short-term (1) 35.2 38.0 44.8 46.8 43.0 41.2 44.8 46.8 43.4 3

 4 FL213162200 Long-term 3083.4 3029.6 3032.3 3118.5 3040.0 3062.7 3093.7 3118.5 3149.8 4

 5 FL163162003 Nonprofit organizations (2) 217.5 215.1 211.8 202.1 208.9 206.6 205.3 202.1 202.1 5

 6 FL103162000 Nonfinancial corporate business 567.8 563.5 577.6 582.8 580.2 581.3 582.2 582.8 582.1 6

 (industrial revenue bonds)

 7 FL893062005 Total assets 4132.6 3986.5 4157.6 4313.0 4088.6 4186.3 4242.7 4313.0 4294.7 7

 8 LM153062005 Household sector 1897.8 1868.0 1901.4 1920.5 1878.8 1900.7 1906.8 1920.5 1888.3 8

 9 LM103062003 Nonfinancial corporate business 17.2 18.5 24.2 25.1 23.8 24.4 24.7 25.1 25.0 9

 10 LM113062003 Nonfinancial noncorporate business 6.0 5.6 5.9 6.4 6.1 6.4 6.4 6.4 6.0 10

 11 LM213062003 State and local governments 16.7 16.8 16.7 18.6 16.5 17.8 18.2 18.6 19.5 11

 12 LM763062000 U.S.-chartered depository institutions 572.6 499.8 471.7 512.6 484.0 501.5 504.8 512.6 516.8 12

 13 LM753062003 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 LM743062003 Banks in U.S.-affiliated areas 1.3 1.2 1.2 0.1 1.2 1.2 1.0 0.1 0.1 14

 15 LM473062005 Credit unions 5.1 4.8 5.5 10.1 6.3 7.4 8.6 10.1 10.9 15

 16 LM513062005 Property-casualty insurance companies 338.9 291.6 285.2 297.9 281.5 287.5 291.1 297.9 294.3 16

 17 LM543062005 Life insurance companies 197.8 190.0 215.0 234.2 214.8 222.1 227.4 234.2 231.6 17

 18 LM343062033 Federal government retirement funds 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 LM223062043 State and local govt. retirement funds 3.4 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FL633062000 Money market funds 134.4 142.8 134.0 112.6 130.7 136.5 121.4 112.6 103.8 20

 21 LM653062003 Mutual funds 688.1 693.6 831.0 891.3 786.2 814.7 857.5 891.3 912.2 21

 22 LM553062003 Closed-end funds 90.0 88.4 93.2 95.2 89.6 91.8 93.2 95.2 95.3 22

 23 LM563062003 Exchange-traded funds 30.8 37.0 49.3 64.5 49.3 54.3 58.3 64.5 69.2 23

 24 LM403062005 Government-sponsored enterprises 4.5 3.9 3.3 2.8 3.2 3.0 3.0 2.8 2.7 24

 25 LM663062003 Brokers and dealers 26.7 20.7 16.4 6.8 13.7 8.7 10.4 6.8 8.8 25

 26 FL503062003 Other financial business 0.0 0.0 0.0 6.3 0.0 1.2 1.7 6.3 6.1 26

 27 FL263062003 Rest of the world 101.3 99.7 103.7 108.0 102.9 107.2 108.1 108.0 104.3 27

 28 LM903062003 Discrepancy (3) -228.6 -140.3 -291.2 -362.8 -216.5 -294.5 -316.6 -362.8 -317.4 28

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables L.101 and B.101).

(3) The accumulated valuation difference between issuance and holdings.
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L.213 Corporate and Foreign Bonds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893163005 Total liabilities 13048.2 13315.6 14037.2 15282.1 14121.0 14907.5 15047.5 15282.1 15400.8 1

 2 FL103163003 Nonfinancial corporate business 5395.4 5543.8 5801.4 6542.4 5991.2 6428.9 6515.1 6542.4 6661.3 2

 3 FL793163005 Domestic financial sectors 4670.8 4734.0 4884.2 5150.6 5061.3 5163.0 5119.6 5150.6 5124.5 3

 4 FL763163005 U.S.-chartered depository institutions 147.7 160.0 141.3 170.5 152.9 157.8 161.9 170.5 175.4 4

 5 FL673163005 ABS issuers (net) (1) 1056.9 1040.0 1104.4 1132.9 1152.3 1134.5 1130.9 1132.9 1135.1 5

 6 FL613163005 Finance companies 763.0 814.6 771.8 773.4 797.6 798.2 774.0 773.4 764.3 6

 7 FL643163005 REITs 439.0 470.0 539.3 580.5 529.9 566.3 574.7 580.5 587.8 7

 8 FL663163003 Brokers and dealers 185.7 184.0 174.0 183.9 256.9 179.7 165.4 183.9 196.3 8

 9 FL733163003 Holding companies 1444.2 1395.8 1439.9 1572.3 1532.8 1602.0 1565.5 1572.3 1532.5 9

 10 FL503163005 Other financial business 634.4 669.7 713.4 737.2 638.9 724.5 747.2 737.2 733.1 10

 11 LM263163005 Rest of the world (2) 2982.0 3037.7 3351.7 3589.1 3068.5 3315.7 3412.7 3589.1 3615.0 11

 12 FL893063005 Total assets (3) 13139.6 12716.2 14359.6 16165.0 13870.1 15523.2 15713.4 16165.0 15643.7 12

 13 LM153063005 Household sector 962.8 970.5 1089.9 1228.1 1197.4 1380.5 1180.6 1228.1 1111.2 13

 14 FL313063763 Federal government 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 14

 15 LM213063003 State and local governments 207.2 208.6 224.4 244.3 221.7 246.0 239.4 244.3 239.8 15

 16 LM763063005 U.S.-chartered depository institutions 493.0 451.6 499.5 504.8 453.3 498.2 533.8 504.8 624.9 16

 17 LM763063605 MBS and other ABS 83.0 77.1 84.9 89.2 87.8 92.2 90.6 89.2 93.8 17

 18 LM763063095 Other 409.9 374.5 414.6 415.6 365.5 405.9 443.2 415.6 531.1 18

 19 LM753063005 Foreign banking offices in U.S. 160.2 149.7 134.7 153.0 164.4 157.7 154.3 153.0 146.3 19

 20 LM743063005 Banks in U.S.-affiliated areas 7.0 0.1 7.8 12.5 10.9 10.9 10.9 12.5 11.8 20

 21 LM473063005 Credit unions 10.7 10.4 12.6 16.2 14.6 15.5 16.0 16.2 18.5 21

 22 LM473063605 MBS and other ABS 10.4 9.9 12.1 15.7 14.1 14.9 15.4 15.7 17.9 22

 23 LM473063095 Other 0.3 0.5 0.5 0.6 0.5 0.5 0.6 0.6 0.7 23

 24 LM513063005 Property-casualty insurance companies 482.2 534.0 594.8 660.7 577.4 636.3 646.8 660.7 637.9 24

 25 LM513063605 MBS and other ABS 104.3 122.8 138.8 154.2 134.8 148.5 151.0 154.2 148.6 25

 26 LM513063095 Other 377.9 411.3 456.0 506.5 442.6 487.8 495.8 506.5 489.3 26

 27 LM543063005 Life insurance companies 2740.5 2717.5 3175.5 3556.2 3080.7 3383.2 3457.2 3556.2 3385.0 27

 28 LM543063675 MBS and other ABS 482.0 498.8 561.3 625.3 541.9 595.6 606.5 625.3 596.6 28

 29 LM543063095 Other 2258.5 2218.7 2614.2 2930.9 2538.9 2787.6 2850.8 2930.9 2788.4 29

 30 LM573063005 Private pension funds 803.8 801.5 920.7 1045.4 882.9 976.8 997.8 1045.4 991.3 30

 31 LM343063005 Federal government retirement funds 14.1 13.2 15.6 17.3 13.7 15.6 16.5 17.3 16.5 31

 32 LM223063045 State and local govt. retirement funds 498.8 409.8 444.4 480.4 443.6 497.3 488.2 480.4 441.7 32

 33 FL633063005 Money market funds 8.5 7.5 18.5 12.6 13.8 12.7 16.3 12.6 12.5 33

 34 LM653063005 Mutual funds 2064.2 2032.0 2317.5 2692.1 2171.0 2479.6 2589.9 2692.1 2616.0 34

 35 LM553063003 Closed-end funds 74.3 69.2 75.1 77.9 59.5 67.6 70.3 77.9 78.3 35

 36 LM563063003 Exchange-traded funds 403.6 420.5 544.0 724.6 518.3 618.5 672.5 724.6 731.3 36

 37 LM403063005 Government-sponsored enterprises 26.8 19.5 16.5 13.5 14.5 14.9 14.3 13.5 13.0 37

 38 LM403063605 MBS and other ABS 22.3 15.5 12.9 10.2 11.1 11.6 11.0 10.2 9.8 38

 39 LM403063095 Other 4.5 4.1 3.6 3.3 3.4 3.4 3.3 3.3 3.3 39

 40 LM613063003 Finance companies 63.8 55.3 60.0 73.6 58.8 68.2 69.9 73.6 70.8 40

 41 LM643063005 REITs 42.3 50.8 52.2 28.0 35.8 31.8 27.9 28.0 25.9 41

 42 LM663063005 Brokers and dealers 103.5 98.0 91.6 104.6 92.8 97.6 111.3 104.6 111.6 42

 43 LM733063003 Holding companies 17.7 21.0 28.9 27.3 27.3 32.5 26.2 27.3 30.9 43

 44 FL503063005 Other financial business 72.6 70.7 70.9 83.3 76.8 78.9 78.4 83.3 83.9 44

 45 LM263063005 Rest of the world (4) 3881.7 3604.4 3964.0 4408.2 3740.5 4202.4 4294.3 4408.2 4244.2 45

 46 LM263063603 MBS and other ABS 369.6 351.2 338.8 374.3 322.2 329.8 345.2 374.3 392.6 46

 47 LM263063095 Other 3512.2 3253.2 3625.2 4033.9 3418.3 3872.6 3949.1 4033.9 3851.5 47

 48 LM903063003 Discrepancy (5) -91.4 599.3 -322.3 -882.9 251.0 -615.6 -665.9 -882.9 -242.9 48

(1) Liabilities net of assets.

(2) Holdings of foreign issues by U.S. residents.

(3) For some sectors, holdings of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately issued asset-backed bonds.

(4) Holdings of U.S. issues by foreign residents.

(5) The accumulated valuation difference between issuance and holdings.
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L.214 Loans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 By instrument

 1 FL894123005 Total loans 25909.8 27094.7 28103.9 29584.1 29256.3 29165.7 29244.7 29584.1 29911.8 1

 2 FL793068005 Depository institution loans n.e.c. 3374.6 3663.8 3803.0 4216.0 4451.0 4482.8 4272.3 4216.0 4246.4 2

 3 FL893169005 Other loans and advances 3792.6 3960.0 4063.8 4398.9 4478.8 4258.0 4275.5 4398.9 4544.0 3

 4 FL893065005 Mortgages 14911.9 15463.8 16044.5 16781.5 16178.3 16327.0 16553.1 16781.5 16958.2 4

 5 FL893065105 One-to-four-family residential 10595.9 10897.7 11188.3 11657.7 11254.2 11340.7 11508.3 11657.7 11784.5 5

 6 FL893065405 Multifamily residential 1363.2 1488.4 1622.6 1755.7 1644.3 1678.0 1709.1 1755.7 1784.9 6

 7 FL893065505 Commercial 2716.6 2832.0 2966.9 3089.4 3010.0 3035.7 3060.0 3089.4 3108.0 7

 8 FL893065603 Farm 236.2 245.7 266.8 278.7 269.8 272.7 275.7 278.7 280.8 8

 9 FL153166000 Consumer credit 3830.8 4007.0 4192.6 4187.8 4148.2 4097.9 4143.9 4187.8 4163.2 9

 By sector

 10 FL894123005 Total liabilities 25909.8 27094.7 28103.9 29584.1 29256.3 29165.7 29244.7 29584.1 29911.8 10

 11 FL384123005 Domestic nonfinancial sectors 23328.0 24471.1 25458.8 26906.7 26109.7 26395.5 26593.1 26906.7 27218.9 11

 12 FL154123005 Household sector 14814.0 15290.5 15799.3 16436.1 15866.5 15881.2 16145.8 16436.1 16619.5 12

 13 FL104123005 Nonfinancial corporate business 2800.7 3326.2 3532.7 3862.1 3961.3 3999.5 3845.2 3862.1 3848.8 13

 14 FL114123005 Nonfinancial noncorporate business 5542.7 5834.4 6105.7 6586.4 6260.7 6493.5 6580.3 6586.4 6728.4 14

 15 FL314123005 Federal government 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL213169203 State and local governments 18.9 20.1 21.1 22.1 21.2 21.4 21.8 22.1 22.3 16

 17 FL794123005 Domestic financial sectors 2038.1 2027.4 1954.7 1924.6 2367.7 2029.4 1916.3 1924.6 1921.5 17

 18 FL763169305 U.S.-chartered depository institutions 586.5 577.3 484.9 252.3 615.1 380.3 306.8 252.3 228.6 18

 19 FL473169333 Credit unions 54.8 57.7 52.3 43.3 62.9 50.5 47.7 43.3 40.3 19

 20 FL513169333 Property-casualty insurance companies 2.9 3.3 3.5 10.0 6.0 6.3 11.2 10.0 9.3 20

 21 FL543169373 Life insurance companies 74.8 81.1 88.7 103.9 107.7 108.2 103.6 103.9 112.3 21

 22 FL403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL614123005 Finance companies 148.1 147.7 153.6 178.4 160.6 167.1 175.2 178.4 175.4 23

 24 FL644123005 REITs 288.2 275.2 263.2 256.6 299.2 265.8 253.8 256.6 250.2 24

 25 FL664123005 Brokers and dealers 880.6 882.7 906.1 1037.0 1114.0 1033.7 995.6 1037.0 1064.1 25

 26 FL504123005 Other financial business 2.4 2.4 2.4 43.0 2.4 17.5 22.3 43.0 41.3 26

 27 FL264123005 Rest of the world 543.7 596.1 690.4 752.8 778.9 740.8 735.4 752.8 771.4 27

 28 FL894123005 Total assets 25909.8 27094.7 28103.9 29584.1 29256.3 29165.7 29244.7 29584.1 29911.8 28

 29 FL384023005 Domestic nonfinancial sectors 2847.9 2935.7 3064.7 3441.1 3247.0 3345.1 3400.1 3441.1 3490.8 29

 30 FL154023005 Household sector 993.3 976.9 1010.1 1120.9 1165.4 1137.2 1098.9 1120.9 1132.6 30

 31 FL104023005 Nonfinancial corporate business 68.5 70.7 72.2 74.6 71.7 72.4 73.2 74.6 74.1 31

 32 FL114023005 Nonfinancial noncorporate business 48.0 49.0 51.7 55.8 53.4 55.5 56.1 55.8 55.9 32

 33 FL314023005 Federal government 1481.4 1580.5 1674.0 1928.0 1703.4 1823.8 1912.4 1928.0 1964.7 33

 34 FL213065005 State and local governments 256.8 258.6 256.5 261.7 253.1 256.3 259.5 261.7 263.6 34

 35 FL794023005 Domestic financial sectors 22686.1 23425.7 24208.5 25237.4 25131.6 24938.6 24954.5 25237.4 25485.4 35

 36 FL713068005 Monetary authority 0.0 0.0 0.0 52.2 58.7 30.9 31.7 52.2 58.7 36

 37 FL764023005 U.S.-chartered depository institutions 8984.8 9427.5 9784.9 10074.8 10189.2 10260.6 10132.5 10074.8 10017.2 37

 38 FL754023005 Foreign banking offices in U.S. 706.8 739.5 767.9 785.6 926.4 859.8 797.8 785.6 768.7 38

 39 FL744023003 Banks in U.S.-affiliated areas 38.4 37.1 40.7 41.6 42.6 44.7 43.3 41.6 39.2 39

 40 FL474023000 Credit unions 978.4 1065.2 1133.6 1193.9 1143.6 1168.1 1186.6 1193.9 1198.0 40

 41 FL513065505 Property-casualty insurance companies 17.8 20.5 22.9 24.3 23.6 23.7 23.5 24.3 24.3 41

 42 FL544023005 Life insurance companies 670.3 730.5 780.6 807.8 792.8 794.7 796.4 807.8 809.8 42

 43 FL573065005 Private pension funds 26.7 23.8 25.1 26.9 25.8 26.1 26.5 26.9 27.2 43

 44 FL313169003 Federal government retirement funds 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 FL223065043 State and local govt. retirement funds 6.9 12.3 8.3 8.1 8.8 8.0 8.3 8.1 8.0 45

 46 FL653069803 Mutual funds 147.1 147.9 114.2 85.2 84.2 84.1 83.4 85.2 100.5 46

 47 FL404023005 Government-sponsored enterprises 6051.4 6195.6 6289.3 6706.0 6508.2 6397.4 6506.5 6706.0 6899.9 47

 48 FL413065005 Agency- and GSE-backed mortgage pools 2126.5 2292.3 2406.0 2428.3 2429.8 2417.6 2428.4 2428.3 2431.4 48

 49 FL674023005 ABS issuers 994.1 980.5 1020.5 1046.0 1065.8 1052.6 1048.5 1046.0 1038.4 49

 50 FL614023005 Finance companies 1052.3 1046.2 1041.6 1022.2 1043.8 1017.5 1020.7 1022.2 1020.1 50

 51 FL643065005 REITs 234.8 255.0 273.9 258.8 250.8 248.0 259.7 258.8 265.1 51

 52 FL663069005 Brokers and dealers 367.2 340.5 373.0 538.3 394.6 373.5 440.3 538.3 628.7 52

 53 FL733069005 Holding companies 123.1 104.3 117.7 106.6 128.7 119.0 104.6 106.6 121.2 53

 54 FL503069005 Other financial business 7.9 7.0 8.4 31.0 14.2 12.2 15.7 31.0 28.9 54

 55 FL263069500 Rest of the world 375.8 733.3 830.8 905.6 877.8 882.0 890.1 905.6 935.5 55

(1) Sum of depository institution loans not elsewhere classified, other loans and advances, total mortgages, and consumer credit.
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L.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL793068005 Total liabilities 3374.6 3663.8 3803.0 4216.0 4451.0 4482.8 4272.3 4216.0 4246.4 1

 2 FL153168005 Household sector 299.1 339.0 350.0 370.3 383.9 378.5 364.4 370.3 369.0 2

 3 FL103168005 Nonfinancial corporate business 899.6 1003.0 1033.8 1132.2 1368.0 1361.7 1164.3 1132.2 1056.2 3

 4 FL113168005 Nonfinancial noncorporate business 1387.3 1465.2 1481.2 1634.1 1569.1 1709.4 1716.8 1634.1 1720.9 4

 5 FL793168005 Domestic financial sectors 301.2 311.0 305.3 380.7 414.1 347.3 341.9 380.7 383.5 5

 6 FL613168005 Finance companies 144.7 147.1 152.7 177.9 159.6 166.5 174.5 177.9 175.3 6

 7 FL643168005 REITs 36.3 39.6 30.4 29.8 69.5 40.9 28.5 29.8 29.9 7

 8 FL663168005 Brokers and dealers 120.2 124.3 122.2 132.3 185.0 124.7 119.0 132.3 139.4 8

 9 FL713068505 Other financial business (2) 0.0 0.0 0.0 40.7 0.0 15.1 20.0 40.7 38.9 9

 10 FL263168005 Rest of the world 487.3 545.5 632.7 698.6 715.9 685.9 685.0 698.6 716.9 10

 11 FL263168465 Foreign official institutions 4.2 4.3 3.4 2.5 3.1 2.7 2.3 2.5 3.4 11

 12 FL263168485 Foreign nonfinancial corporations 199.5 200.2 195.3 186.5 229.3 223.0 202.8 186.5 189.3 12

 13 FL263168495 Foreign nondepository financial institutions 283.6 341.1 434.0 509.6 483.6 460.3 479.8 509.6 524.2 13

 14 FL793068005 Total assets 3374.6 3663.8 3803.0 4216.0 4451.0 4482.8 4272.3 4216.0 4246.4 14

 15 FL713068005 Monetary authority (3) 0.0 0.0 0.0 52.2 58.7 30.9 31.7 52.2 58.7 15

 16 FL763068005 U.S.-chartered depository institutions 2674.5 2927.8 3026.6 3361.8 3458.8 3575.9 3426.5 3361.8 3394.1 16

 17 FL753068005 Foreign banking offices in U.S. 629.8 661.9 687.3 704.7 843.6 777.8 716.3 704.7 688.4 17

 18 FL743068005 Banks in U.S.-affiliated areas 12.6 13.1 18.1 18.7 20.1 21.7 20.2 18.7 17.4 18

 19 FL473068005 Credit unions 57.8 61.0 71.0 78.7 69.7 76.4 77.6 78.7 87.8 19

(1) Excludes depository institution lending in the form of open market paper, mortgages, and consumer credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to Federal Reserve funding, credit, and liquidity facility special purpose vehicles.

(3) Loans from Federal Reserve banks to the household, broker and dealer, finance companies, and other financial business sectors.
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L.216 Other Loans and Advances

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893169005 Total other loans and advances 3792.6 3960.0 4063.8 4398.9 4478.8 4258.0 4275.5 4398.9 4544.0 1

 2 FL313069205 U.S. government loans 215.7 220.8 230.8 418.0 227.3 341.1 407.1 418.0 425.1 2

 3 FL153169203 Liab.: Household sector 28.5 34.5 38.9 49.1 40.0 44.4 47.4 49.1 50.1 3

 4 FL103169205 Nonfinancial corporate business 74.4 74.4 78.4 188.9 73.4 143.6 183.8 188.9 192.3 4

 5 FL113169205 Nonfinancial noncorporate business 56.6 58.3 60.9 128.6 62.1 101.9 124.5 128.6 131.0 5

 6 FL213169203 State and local governments 18.9 20.1 21.1 22.1 21.2 21.4 21.8 22.1 22.3 6

 7 FL403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FL313069223 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FL503169205 Other financial business 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 9

 10 FL263169203 Rest of the world 34.9 31.2 29.1 27.0 28.3 27.5 27.2 27.0 27.1 10

 11 FL313169003 Federal government retirement funds loans 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FL313169003 Liab.: Federal government 151.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FL263069500 Foreign loans to U.S. corporate business 375.8 733.3 830.8 905.6 877.8 882.0 890.1 905.6 935.5 13

 14 FL263069500 Liab.: Nonfinancial corporate business 375.8 733.3 830.8 905.6 877.8 882.0 890.1 905.6 935.5 14

 Customers’ liability on acceptances outstanding

 15 FL763069703 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL753069703 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FL103169705 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FL263169705 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 FL733069005 Holding company loans 123.1 104.3 117.7 106.6 128.7 119.0 104.6 106.6 121.2 19

 20 FL733069013 Liab.: Nonfinancial corporate business 101.6 84.9 89.1 79.4 94.0 91.7 81.4 79.4 93.7 20

 21 FL733069023 Rest of the world 21.5 19.4 28.6 27.2 34.7 27.4 23.2 27.2 27.5 21

 22 FL153169405 Policy loans (Household liability) 134.1 134.2 131.3 130.8 132.4 131.7 132.2 130.8 130.0 22

 23 FL313069403 Asset: Federal government 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 23

 24 FL543069405 Life insurance companies 133.8 134.0 131.1 130.6 132.2 131.5 132.0 130.6 129.9 24

 25 FL403069330 Federal Home Loan Banks advances (1) 732.1 729.5 638.9 410.3 797.2 547.7 470.4 410.3 390.9 25

 26 FL763169335 Liab.: U.S.-chartered depository institutions 586.5 577.3 484.9 252.3 615.1 380.3 306.8 252.3 228.6 26

 27 FL473169333 Credit unions 54.8 57.7 52.3 43.3 62.9 50.5 47.7 43.3 40.3 27

 28 FL513169333 Property-casualty insurance companies 2.9 3.3 3.5 10.0 6.0 6.3 11.2 10.0 9.3 28

 29 FL543169373 Life insurance companies 74.8 81.1 88.7 103.9 107.7 108.2 103.6 103.9 112.3 29

 30 FL613169333 Finance companies 3.4 0.6 1.0 0.5 0.9 0.6 0.7 0.5 0.1 30

 31 FL643169373 Real estate investment trusts 9.8 9.4 8.5 0.3 4.6 1.7 0.3 0.3 0.3 31

 32 FL403069395 Government-sponsored enterprise (GSE) loans (2) 125.6 132.4 139.7 153.2 143.9 144.0 144.8 153.2 156.5 32

 33 FL153169305 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 FL183169305 Nonfinancial corporate business (FCS) 10.9 11.9 13.0 14.8 14.2 13.3 13.2 14.8 16.4 34

 35 FL113169305 Nonfinancial noncorporate business (FCS) 114.7 120.4 126.7 138.4 129.7 130.7 131.7 138.4 140.1 35

 36 FL763169383 U.S.-chartered depository inst. (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 FL673069505 Securitized loans held by ABS issuers 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 FL673069505 Liab.: Nonfinancial corporate business 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 FL613069500 Finance company loans to business 387.2 397.1 386.7 360.8 400.0 369.4 364.1 360.8 351.0 39

 40 FL103169535 Liab.: Nonfinancial corporate business 348.5 357.3 348.0 324.7 360.0 332.4 327.7 324.7 315.9 40

 41 FL113169535 Nonfinancial noncorporate business 38.7 39.7 38.7 36.1 40.0 36.9 36.4 36.1 35.1 41

 42 FL663067003 Margin accounts at brokers and dealers 333.3 302.3 325.7 482.4 337.7 319.5 385.0 482.4 573.7 42

 43 FL663067003 Liab.: Household sector 333.3 302.3 325.7 482.4 337.7 319.5 385.0 482.4 573.7 43

 44 FL153067005 Cash accounts at brokers and dealers 760.4 758.4 783.8 904.7 929.0 908.9 876.6 904.7 924.7 44

 45 FL153067005 Asset: Household sector 760.4 758.4 783.8 904.7 929.0 908.9 876.6 904.7 924.7 45

 46 FL103169803 Loans to nonfinancial corporate business (3) 453.3 447.5 478.5 506.5 504.8 494.6 495.1 506.5 516.6 46

 47 FL153069803 Asset: Household sector 107.3 102.7 116.6 114.4 129.1 123.5 118.8 114.4 107.1 47

 48 FL543069873 Life insurance companies 29.8 28.4 30.3 32.5 34.0 32.4 31.8 32.5 33.9 48

 49 FL653069803 Mutual funds 147.1 147.9 114.2 85.2 84.2 84.1 83.4 85.2 100.5 49

 50 FL673069803 ABS issuers 127.3 123.3 161.7 207.7 186.5 188.7 195.4 207.7 210.0 50

 51 FL663069803 Brokers and dealers 33.9 38.2 47.3 55.9 56.9 54.0 55.3 55.9 55.0 51

 52 FL503069805 Other financial business 7.9 7.0 8.4 10.9 14.2 11.9 10.3 10.9 10.2 52

 53 FL503069075 Other financial business loans (4) 0.0 0.0 0.0 20.1 0.0 0.3 5.4 20.1 18.7 53

 54 FL503069003 Liab.: Household sector (TALF II) 0.0 0.0 0.0 3.6 0.0 0.3 3.2 3.6 2.1 54

 55 FL503069013 Nonfinancial corporate business (MSLF) 0.0 0.0 0.0 6.0 0.0 0.0 0.8 6.0 6.0 55

 56 FL503069023 Nonfinancial noncorporate business (MSLF) 0.0 0.0 0.0 10.5 0.0 0.0 1.4 10.5 10.6 56

 57 FL503069033 Nonprofit organizations (MSLF) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

(1) The Federal Home Loan Banks are included in the governmnet-sponsored enterprises sector. Finance companies and real estate investment trusts receive advances through

 affiliated captive insurance companies.

(2) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Federal Home Loan Bank advances are shown separately on line 25.

(3) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.

(4) 2020 Term Asset-Backed Securities Loan Facility (TALF II) loans to domestic hedge funds and private equity funds and Main Street Lending Facility (MSLF) loans to nonfinancial businesses.
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L.217 Total Mortgages (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893065005 Total mortgages 14911.9 15463.8 16044.5 16781.5 16178.3 16327.0 16553.1 16781.5 16958.2 1

 2 FL893065105 One-to-four-family residential 10595.9 10897.7 11188.3 11657.7 11254.2 11340.7 11508.3 11657.7 11784.5 2

 3 FL893065405 Multifamily residential 1363.2 1488.4 1622.6 1755.7 1644.3 1678.0 1709.1 1755.7 1784.9 3

 4 FL893065505 Commercial 2716.6 2832.0 2966.9 3089.4 3010.0 3035.7 3060.0 3089.4 3108.0 4

 5 FL893065603 Farm 236.2 245.7 266.8 278.7 269.8 272.7 275.7 278.7 280.8 5

 6 FL893065005 Total liabilities 14911.9 15463.8 16044.5 16781.5 16178.3 16327.0 16553.1 16781.5 16958.2 6

 7 FL153165005 Household sector 10188.2 10473.4 10760.8 11212.1 10824.4 10909.0 11069.7 11212.1 11331.2 7

 8 FL143165005 Nonfinancial business 4481.7 4764.2 5059.4 5342.8 5128.8 5194.8 5258.4 5342.8 5407.0 8

 9 FL103165005 Corporate 536.4 613.5 661.2 704.0 669.1 680.2 688.9 704.0 716.2 9

 10 FL113165005 Noncorporate 3945.3 4150.7 4398.2 4638.8 4459.7 4514.6 4569.6 4638.8 4690.8 10

 11 FL313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FL123165005 REITs 242.0 226.2 224.3 226.5 225.1 223.2 225.0 226.5 220.0 12

 13 FL893065005 Total assets 14911.9 15463.8 16044.5 16781.5 16178.3 16327.0 16553.1 16781.5 16958.2 13

 14 FL153065005 Household sector 90.4 84.6 82.1 76.6 80.8 79.1 78.0 76.6 75.7 14

 15 FL103065003 Nonfinancial corporate business 32.2 34.2 36.4 38.8 37.0 37.6 38.2 38.8 39.4 15

 16 FL113065005 Nonfinancial noncorporate business 48.0 49.0 51.7 55.8 53.4 55.5 56.1 55.8 55.9 16

 17 FL313065005 Federal government 119.8 123.2 123.8 127.2 125.3 126.7 125.7 127.2 128.2 17

 18 FL313065015 Ginnie Mae 3.2 2.8 2.5 2.3 2.4 2.4 2.3 2.3 2.2 18

 19 FL313065075 Farmers Home Administration (FmHA) (2) 102.5 105.7 105.8 108.3 107.4 108.7 107.3 108.3 109.0 19

 20 FL313065035 Federal Housing Administration (FHA) 14.1 14.6 15.5 16.6 15.5 15.6 16.0 16.6 17.1 20

 21 FL313065065 Federal Deposit Insurance Corporation 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FL313065095 Other (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL213065005 State and local governments 256.8 258.6 256.5 261.7 253.1 256.3 259.5 261.7 263.6 23

 24 FL703065005 Private depository institutions 5282.7 5442.4 5655.0 5741.4 5704.4 5738.6 5766.6 5741.4 5705.5 24

 25 FL763065005 U.S.-chartered depository institutions 4698.5 4817.7 4987.4 5027.5 5020.5 5040.3 5056.9 5027.5 4990.0 25

 26 FL753065005 Foreign banking offices in U.S. 77.1 77.6 80.6 80.9 82.7 82.0 81.5 80.9 80.3 26

 27 FL743065003 Banks in U.S.-affiliated areas 25.8 24.1 22.6 22.9 22.5 23.0 23.1 22.9 21.8 27

 28 FL473065100 Credit unions 481.4 523.0 564.5 610.1 578.7 593.4 605.2 610.1 613.4 28

 29 FL513065505 Property-casualty insurance companies 17.8 20.5 22.9 24.3 23.6 23.7 23.5 24.3 24.3 29

 30 FL543065005 Life insurance companies 506.7 568.1 619.2 644.7 626.6 630.9 632.6 644.7 646.0 30

 31 FL573065005 Private pension funds 26.7 23.8 25.1 26.9 25.8 26.1 26.5 26.9 27.2 31

 32 FL223065043 State and local govt. retirement funds 6.9 12.3 8.3 8.1 8.8 8.0 8.3 8.1 8.0 32

 33 FL403065005 Government-sponsored enterprises 5193.7 5333.8 5510.7 6142.5 5567.1 5705.8 5891.3 6142.5 6352.5 33

 34 FL403065015 Fannie Mae 3155.7 3223.8 3300.0 3589.9 3330.7 3417.8 3493.7 3589.9 3675.0 34

 35 FL403065025 Freddie Mac 1853.7 1909.8 1993.3 2328.0 2014.8 2063.4 2173.7 2328.0 2453.0 35

 36 FL403065045 Farm Credit System 126.7 133.6 139.6 154.6 141.3 145.3 149.1 154.6 157.8 36

 37 FL403065035 FHLB 53.8 62.5 72.4 62.8 74.5 72.9 67.9 62.8 59.4 37

 38 FL403065653 Farmer Mac 3.9 4.0 5.4 7.3 5.8 6.5 6.8 7.3 7.3 38

 39 FL413065005 Agency- and GSE-backed mortgage pools 2126.5 2292.3 2406.0 2428.3 2429.8 2417.6 2428.4 2428.3 2431.4 39

 40 FL413065015 Ginnie Mae 1913.4 2042.2 2117.6 2103.4 2138.8 2125.6 2117.7 2103.4 2095.0 40

 41 FL413065025 Freddie Mac 200.2 241.0 281.0 318.7 284.2 285.6 304.3 318.7 330.3 41

 42 FL413065045 Fannie Mae 11.2 7.5 6.4 5.3 5.8 5.3 5.4 5.3 5.2 42

 43 FL413065653 Farmer Mac 1.7 1.5 1.1 0.9 1.1 1.0 1.0 0.9 0.8 43

 44 FL413065035 Farmers Home Administration (FmHA) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 FL673065005 ABS issuers 845.1 851.2 855.6 836.4 876.5 861.4 850.8 836.4 826.6 45

 46 FL613065000 Finance companies 123.8 114.8 117.2 110.0 115.3 111.8 107.9 110.0 108.6 46

 47 FL643065005 REITs 234.8 255.0 273.9 258.8 250.8 248.0 259.7 258.8 265.1 47

(1) Sum of one-to-four-family residential mortgages (table L.218), multifamily residential mortgages (table L.219), commercial mortgages (table L.220), and farm mortgages (table L.221).

(2) FmHA-guaranteed securities sold to the Federal Financing Bank were reallocated from FmHA mortgage pools to FmHA mortgage holdings in 1986:Q4 because of accounting changes by

 the Farmers Home Administration.

(3) Other includes Department of Veterans Affairs, Federal Financing Bank, Public Housing Administration, and Resolution Trust Corporation.
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L.218 One-to-four-family Residential Mortgages (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893065105 Total liabilities 10595.9 10897.7 11188.3 11657.7 11254.2 11340.7 11508.3 11657.7 11784.5 1

 2 FL153165105 Household sector 9928.8 10204.4 10482.4 10924.7 10543.7 10626.1 10784.6 10924.7 11041.5 2

 3 FL103165105 Nonfinancial corporate business 16.1 17.1 17.2 16.7 17.6 17.3 17.0 16.7 16.9 3

 4 FL113165105 Nonfinancial noncorporate business 651.0 676.3 688.6 716.2 693.0 697.2 706.8 716.2 726.0 4

 5 FL893065105 Total assets 10595.9 10897.7 11188.3 11657.7 11254.2 11340.7 11508.3 11657.7 11784.5 5

 6 FL153065103 Household sector 78.8 75.3 71.8 68.3 70.9 70.1 69.2 68.3 67.4 6

 7 FL103065105 Nonfinancial corporate business 19.3 20.5 21.9 23.3 22.2 22.5 22.9 23.3 23.6 7

 8 FL113065103 Nonfinancial noncorporate business 17.5 17.9 18.9 20.3 19.5 20.2 20.5 20.3 20.4 8

 9 FL313065105 Federal government 29.1 29.2 29.2 30.4 29.5 29.5 30.0 30.4 30.6 9

 10 FL213065103 State and local governments 132.3 133.2 132.1 134.1 130.3 131.2 133.0 134.1 134.8 10

 11 FL763065105 U.S.-chartered depository institutions 2556.9 2586.0 2638.2 2576.0 2635.6 2626.1 2621.0 2576.0 2528.1 11

 12 FL753065103 Foreign banking offices in U.S. 1.1 1.6 1.5 1.2 1.4 1.5 1.3 1.2 1.1 12

 13 FL743065103 Banks in U.S.-affiliated areas 15.3 14.1 13.2 13.5 13.0 13.4 13.7 13.5 12.8 13

 14 FL473065100 Credit unions 481.4 523.0 564.5 610.1 578.7 593.4 605.2 610.1 613.4 14

 15 FL543065105 Life insurance companies 25.2 31.5 39.0 40.3 39.5 39.6 39.5 40.3 40.6 15

 16 FL573065103 Private pension funds 0.9 0.8 0.7 0.5 0.6 0.6 0.6 0.5 0.5 16

 17 FL223065143 State and local govt. retirement funds 2.5 4.4 3.0 2.9 3.2 2.9 3.0 2.9 2.9 17

 18 FL403065105 Government-sponsored enterprises 4775.6 4883.9 5016.1 5585.0 5066.1 5182.4 5361.3 5585.0 5786.6 18

 19 FL413065105 Agency- and GSE-backed mortgage pools 1825.7 1948.7 2024.8 2009.0 2045.7 2030.9 2023.5 2009.0 1996.4 19

 20 FL673065105 ABS issuers 474.2 467.6 452.2 413.9 460.6 448.4 435.6 413.9 394.8 20

 21 FL613065105 Finance companies 95.2 87.1 85.4 77.1 83.6 79.1 75.4 77.1 76.1 21

 22 FL643065105 REITs 65.1 72.8 76.0 51.7 53.9 48.8 52.8 51.7 54.4 22

 Memo:

 23 FL893065125 Home equity loans included above (2) 569.9 533.3 501.3 441.8 495.3 475.8 460.3 441.8 421.2 23

 24 FL763065125 U.S.-chartered depository institutions 460.4 420.2 383.6 334.5 378.7 363.1 349.8 334.5 318.2 24

 25 FL753065203 Foreign banking offices in U.S. 0.3 0.2 0.3 0.1 0.3 0.3 0.2 0.1 0.1 25

 26 FL473065125 Credit unions 84.1 89.5 93.0 86.0 92.6 89.9 89.0 86.0 82.7 26

 27 FL673065123 ABS issuers 6.0 6.0 7.4 5.8 7.0 6.6 6.3 5.8 5.0 27

 28 FL613065123 Finance companies 19.0 17.4 17.1 15.4 16.7 15.8 15.1 15.4 15.2 28

(1) Mortgages on 1-4 family properties including mortgages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL893065405 Total liabilities 1363.2 1488.4 1622.6 1755.7 1644.3 1678.0 1709.1 1755.7 1784.9 1

 2 FL103165405 Nonfinancial corporate business 66.7 73.2 80.0 86.5 81.0 82.7 84.3 86.5 88.0 2

 3 FL113165405 Nonfinancial noncorporate business 1268.0 1391.2 1519.8 1644.2 1539.8 1571.5 1601.9 1644.2 1672.5 3

 4 FL313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL123165403 REITs 28.4 24.0 22.8 24.9 23.4 23.8 22.9 24.9 24.3 5

 6 FL893065405 Total assets 1363.2 1488.4 1622.6 1755.7 1644.3 1678.0 1709.1 1755.7 1784.9 6

 7 FL153065403 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FL103065403 Nonfinancial corporate business 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 8

 9 FL113065403 Nonfinancial noncorporate business 16.4 16.8 17.7 19.1 18.3 19.0 19.2 19.1 19.1 9

 10 FL313065405 Federal government 12.2 11.9 11.6 11.1 11.4 11.3 11.2 11.1 11.1 10

 11 FL213065403 State and local governments 102.7 103.4 102.6 105.2 101.2 102.8 104.2 105.2 105.9 11

 12 FL763065403 U.S.-chartered depository institutions 444.5 472.2 501.9 527.2 513.0 520.2 525.7 527.2 528.9 12

 13 FL753065403 Foreign banking offices in U.S. 6.0 9.5 11.5 14.0 12.6 13.0 13.5 14.0 14.1 13

 14 FL543065405 Life insurance companies 115.1 136.9 162.1 169.8 164.3 165.7 166.4 169.8 171.1 14

 15 FL573065403 Private pension funds 1.4 1.1 0.8 0.6 0.8 0.7 0.6 0.6 0.5 15

 16 FL223065443 State and local govt. retirement funds 2.1 3.7 2.5 2.4 2.6 2.4 2.5 2.4 2.4 16

 17 FL403065405 Government-sponsored enterprises 307.1 332.9 364.0 419.4 368.6 388.9 393.7 419.4 426.8 17

 18 FL413065405 Agency- and GSE-backed mortgage pools 299.1 342.1 380.2 418.4 383.0 385.7 403.9 418.4 434.1 18

 19 FL673065405 ABS issuers 43.3 43.8 46.3 51.3 53.0 53.2 52.2 51.3 52.7 19

 20 FL613065403 Finance companies 6.6 5.9 5.7 5.5 5.7 5.6 5.5 5.5 5.4 20

 21 FL643065405 REITs 6.3 7.7 15.0 11.0 9.2 9.0 9.9 11.0 12.0 21
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L.220 Commercial Mortgages

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893065505 Total liabilities 2716.6 2832.0 2966.9 3089.4 3010.0 3035.7 3060.0 3089.4 3108.0 1

 2 FL163165505 Nonprofit organizations (1) 259.4 269.1 278.4 287.4 280.7 282.9 285.2 287.4 289.7 2

 3 FL103165505 Nonfinancial corporate business 392.6 459.6 494.6 527.4 500.2 508.8 515.2 527.4 537.1 3

 4 FL113165505 Nonfinancial noncorporate business 1851.0 1901.2 1992.3 2073.0 2027.5 2044.5 2057.6 2073.0 2085.5 4

 5 FL123165503 REITs 213.6 202.3 201.6 201.6 201.7 199.5 202.0 201.6 195.7 5

 6 FL893065505 Total assets 2716.6 2832.0 2966.9 3089.4 3010.0 3035.7 3060.0 3089.4 3108.0 6

 7 FL153065505 Household sector 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 7

 8 FL103065503 Nonfinancial corporate business 12.4 13.2 14.0 14.9 14.2 14.5 14.7 14.9 15.2 8

 9 FL113065503 Nonfinancial noncorporate business 13.1 13.4 14.1 15.3 14.6 15.2 15.3 15.3 15.3 9

 10 FL313065505 Federal government 71.4 74.2 74.1 75.4 75.3 76.3 74.6 75.4 76.0 10

 11 FL213065503 State and local governments 20.5 20.7 20.5 20.9 20.2 20.9 20.9 20.9 21.5 11

 12 FL763065503 U.S.-chartered depository institutions 1608.7 1666.8 1749.3 1822.0 1772.9 1794.0 1809.0 1822.0 1829.9 12

 13 FL753065503 Foreign banking offices in U.S. 69.9 66.3 67.4 65.5 68.5 67.3 66.6 65.5 65.1 13

 14 FL743065505 Banks in U.S.-affiliated areas 10.5 10.0 9.4 9.4 9.5 9.6 9.4 9.4 9.0 14

 15 FL513065505 Property-casualty insurance companies 17.8 20.5 22.9 24.3 23.6 23.7 23.5 24.3 24.3 15

 16 FL543065505 Life insurance companies 351.4 383.8 401.4 417.1 405.9 408.5 409.4 417.1 416.6 16

 17 FL573065505 Private pension funds 24.3 21.9 23.6 25.8 24.4 24.8 25.3 25.8 26.2 17

 18 FL223065545 State and local govt. retirement funds 2.3 4.2 2.8 2.7 3.0 2.7 2.8 2.7 2.7 18

 19 FL413065505 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FL673065505 ABS issuers 327.6 339.8 357.2 371.2 363.0 359.8 363.1 371.2 379.1 20

 21 FL613065503 Finance companies 22.0 21.8 26.1 27.4 26.0 27.1 27.0 27.4 27.1 21

 22 FL643065505 REITs 163.5 174.5 182.8 196.2 187.8 190.2 197.0 196.2 198.7 22

(1) Liability of the households and nonprofit organizations sector (tables L.101 and B.101).

L.221 Farm Mortgages (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL893065603 Total liabilities 236.2 245.7 266.8 278.7 269.8 272.7 275.7 278.7 280.8 1

 2 FL183165605 Nonfinancial corporate business 60.9 63.6 69.4 73.3 70.4 71.4 72.4 73.3 74.1 2

 3 FL233165605 Nonfinancial noncorporate business 175.3 182.1 197.4 205.4 199.4 201.4 203.4 205.4 206.8 3

 4 FL893065603 Total assets 236.2 245.7 266.8 278.7 269.8 272.7 275.7 278.7 280.8 4

 5 FL153065605 Household sector 10.6 8.2 9.1 7.1 8.7 7.8 7.5 7.1 7.1 5

 6 FL113065603 Nonfinancial noncorporate business 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 6

 7 FL313065605 Federal government 7.1 7.9 8.9 10.3 9.2 9.6 9.9 10.3 10.5 7

 8 FL213065603 State and local governments 1.3 1.3 1.3 1.4 1.3 1.4 1.4 1.4 1.4 8

 9 FL763065633 U.S.-chartered depository institutions 88.4 92.8 97.9 102.3 99.0 100.1 101.2 102.3 103.1 9

 10 FL753065603 Foreign banking offices in U.S. 0.1 0.2 0.2 0.1 0.2 0.2 0.1 0.1 0.1 10

 11 FL543065633 Life insurance companies 15.0 15.9 16.7 17.4 16.9 17.1 17.3 17.4 17.6 11

 12 FL223065643 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FL403065605 Government-sponsored enterprises 111.1 117.0 130.6 138.0 132.4 134.4 136.2 138.0 139.1 13

 14 FL413065605 Agency- and GSE-backed mortgage pools 1.7 1.5 1.1 0.9 1.1 1.0 1.0 0.9 0.8 14

(1) Excludes mortgages on farm houses.
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L.222 Consumer Credit

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL153166000 Total liabilities (Households) 3830.8 4007.0 4192.6 4187.8 4148.2 4097.9 4143.9 4187.8 4163.2 1

 2 FL153166000 Total assets 3830.8 4007.0 4192.6 4187.8 4148.2 4097.9 4143.9 4187.8 4163.2 2

 3 FL163066223 Nonprofit organizations (1) 35.2 31.3 27.7 25.3 26.5 25.7 25.5 25.3 25.0 3

 4 FL103066005 Nonfinancial corporate business 36.2 36.5 35.8 35.8 34.7 34.8 35.1 35.8 34.7 4

 5 FL113066003 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FL313066220 Federal government (2) 1145.6 1236.3 1319.2 1382.7 1350.6 1355.8 1379.4 1382.7 1411.1 6

 7 FL763066000 U.S.-chartered depository institutions 1611.8 1682.0 1771.0 1685.6 1709.9 1644.4 1649.2 1685.6 1633.2 7

 8 FL473066000 Credit unions 439.3 481.2 498.0 505.1 495.2 498.3 503.9 505.1 496.8 8

 9 FL403066005 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FL673066000 ABS issuers 21.4 5.5 3.1 1.9 2.8 2.5 2.2 1.9 1.9 10

 11 FL613066005 Finance companies 541.3 534.4 537.7 551.4 528.5 536.4 548.6 551.4 560.5 11

 Memo:

 12 FL153166100 Credit card loans (3) 1016.8 1053.8 1092.0 974.6 1022.0 952.6 943.8 974.6 910.3 12

 13 FL153166400 Auto loans 1102.0 1139.6 1184.1 1224.4 1183.9 1197.4 1218.4 1224.4 1236.3 13

 14 FL153166220 Student loans (4) 1488.9 1570.5 1646.4 1704.8 1674.9 1680.6 1704.9 1704.8 1730.0 14

 15 FL153166205 Other consumer credit (5) 223.1 243.0 270.1 283.9 267.4 267.3 276.7 283.9 286.6 15

(1) Student loans originated under the Federal Family Education Loan Program. Asset of the households and nonprofit organizations sector (tables L.101 and B.101).

(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program

 loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.

(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.

(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and

 finance companies (part of line 11). Data begin in 2006:Q1.

(5) Includes student loans before 2006:Q1.
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L.223 Corporate Equities (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 LM893064105 Issues at market value 47919.8 43715.3 54624.9 65207.7 43050.1 51962.6 56616.0 65207.7 69991.3 1

 2 LM883164105 Domestic sectors 38801.7 35815.7 45165.8 54647.5 35679.3 43409.9 47482.7 54647.5 58965.4 2

 3 LM103164103 Nonfinancial corporate business 28747.5 26543.6 33680.3 42213.4 27002.7 33391.1 36934.5 42213.4 45115.2 3

 4 LM103164113 Publicly traded (2) 23548.0 21728.9 27633.7 35187.6 22367.7 27794.1 30773.8 35187.6 37111.0 4

 5 LM103164123 Closely held 5199.5 4814.7 6046.6 7025.9 4635.0 5596.9 6160.7 7025.9 8004.1 5

 6 LM793164105 Financial corporations 10054.2 9272.1 11485.5 12434.1 8676.5 10018.8 10548.3 12434.1 13850.2 6

 7 LM793164115 Publicly traded (3) 9512.7 8726.3 10836.4 11747.9 8155.1 9418.2 9935.6 11747.9 13068.5 7

 8 LM793164123 Closely held 541.6 545.8 649.1 686.2 521.4 600.7 612.7 686.2 781.7 8

 9 LM263164100 Rest of the world (4) 9118.1 7899.6 9459.1 10560.1 7370.8 8552.7 9133.2 10560.1 11025.9 9

 10 LM893064105 Holdings at market value 47919.8 43715.3 54624.9 65207.7 43050.1 51962.6 56616.0 65207.7 69991.3 10

 11 LM153064105 Household sector 17974.1 16301.7 20860.6 25890.9 16210.9 19940.6 22014.6 25890.9 28284.8 11

 12 LM103064103 Nonfinancial corporate business 1949.3 1789.9 2317.7 2531.0 1826.0 2156.6 2302.7 2531.0 2642.2 12

 13 LM313064105 Federal government 33.2 33.2 33.2 33.2 33.2 33.2 33.2 33.2 33.2 13

 14 LM213064103 State and local governments 151.5 137.7 173.2 201.4 135.4 163.6 176.9 201.4 212.8 14

 15 FL713064103 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 LM763064105 U.S.-chartered depository institutions 127.6 109.1 147.7 160.3 95.9 120.6 133.0 160.3 176.5 16

 17 FL753064103 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 LM513064105 Property-casualty insurance companies 410.6 392.1 493.9 518.6 399.8 431.7 461.9 518.6 547.0 18

 19 LM543064105 Life insurance companies 622.9 538.0 644.6 729.8 556.1 623.4 658.6 729.8 750.5 19

 20 LM573064105 Private pension funds 2713.0 2448.0 3135.8 3477.3 2492.7 2927.0 3123.9 3477.3 3674.9 20

 21 LM343064105 Federal government retirement funds 324.2 292.1 370.7 418.4 277.9 342.5 366.0 418.4 448.9 21

 22 LM223064145 State and local govt. retirement funds 2706.8 2478.6 2553.9 2773.8 2155.0 2354.7 2562.4 2773.8 2825.9 22

 23 LM653064100 Mutual funds 10819.6 9657.5 11934.5 13391.1 9203.8 11129.4 11843.4 13391.1 14123.8 23

 24 LM553064103 Closed-end funds 109.3 91.2 107.2 105.9 79.7 92.2 95.7 105.9 110.6 24

 25 LM563064100 Exchange-traded funds 2775.6 2669.2 3486.2 4233.6 2715.2 3283.8 3566.3 4233.6 4696.4 25

 26 LM663064103 Brokers and dealers 182.7 147.7 166.7 214.3 144.7 180.4 205.4 214.3 265.9 26

 27 FL503064105 Other financial business 0.0 0.0 0.0 8.8 0.0 8.0 8.6 8.8 8.5 27

 28 LM263064105 Rest of the world (5) 7019.4 6629.5 8199.0 10519.3 6723.9 8174.8 9063.3 10519.3 11189.2 28

 Memo:

 29 LM883164115 Publicly traded equity at market value (6) 33060.6 30455.2 38470.1 46935.4 30522.8 37212.3 40709.4 46935.4 50179.6 29

 30 LM883164125 Closely held equity at market value (7) 5741.1 5360.6 6695.7 7712.1 5156.4 6197.6 6773.4 7712.1 8785.8 30

 31 LM883164133 S corporations 3955.1 3656.0 4822.2 5290.0 4318.2 4638.1 4924.3 5290.0 6062.4 31

 32 LM883164135 C corporations 1785.9 1704.6 1873.5 2422.1 838.2 1559.5 1849.1 2422.1 2723.4 32

 33 PC073164013 Percent change in Dow Jones U.S. Total Market Index 18.89 -7.04 28.42 18.72 -21.34 21.52 8.64 14.32 6.08 33

(1) Includes shares of exchange-traded funds, closed-end funds, and real estate investment trusts. Excludes mutual fund shares shown on table L.224.

(2) Excludes intercorporate holdings.

(3) Includes corporate equities issued by financial corporations under the federal financial stabilization programs.

(4) Holdings of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).

(5) Holdings of U.S. issues by foreign residents.

(6) Equal to the sum of lines 4 and 7.

(7) Equal to the sum of lines 5 and 8.

L.224 Mutual Fund Shares (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 LM653164205 Shares at market value 15899.0 14669.8 17659.5 19562.6 14543.1 16776.1 17749.3 19562.6 20270.8 1

 2 LM653164205 Holdings at market value 15899.0 14669.8 17659.5 19562.6 14543.1 16776.1 17749.3 19562.6 20270.8 2

 3 LM153064205 Household sector 8656.9 8005.0 10044.1 11223.4 8199.9 9520.8 10129.1 11223.4 11661.1 3

 4 LM103064203 Nonfinancial corporate business 301.0 269.9 326.4 376.4 276.9 321.6 342.8 376.4 390.7 4

 5 LM213064203 State and local governments 80.7 75.9 91.5 104.4 77.2 89.2 94.6 104.4 108.0 5

 6 LM763064203 U.S.-chartered depository institutions 64.8 52.1 61.6 63.4 45.6 51.9 55.4 63.4 68.1 6

 7 LM473064205 Credit unions 2.3 2.5 3.3 4.8 3.2 3.8 4.0 4.8 6.1 7

 8 LM513064205 Property-casualty insurance companies 24.4 21.3 25.8 29.7 21.8 25.6 28.0 29.7 31.0 8

 9 LM543064205 Life insurance companies 1572.3 1402.5 1599.0 1702.1 1300.3 1487.1 1551.6 1702.1 1732.4 9

 10 LM573064205 Private pension funds 3886.7 3594.6 4238.5 4603.7 3519.2 4021.3 4221.4 4603.7 4749.6 10

 11 LM223064205 State and local govt. retirement funds 481.3 446.9 373.2 422.1 304.5 353.6 371.1 422.1 436.7 11

 12 LM263064203 Rest of the world 828.7 799.0 896.1 1032.7 794.6 901.3 951.3 1032.7 1087.2 12

(1) Shares of open-end investment companies; excludes shares of money market funds and exchange-traded funds.
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L.225 Trade Credit

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893170005 Total trade payables 4941.9 5397.3 5781.1 6094.9 5717.2 5598.8 5891.8 6094.9 6215.6 1

 2 FL163170005 Nonprofit organizations (1) 355.9 365.0 373.1 381.3 375.1 377.2 379.2 381.3 383.3 2

 3 FL103170005 Nonfinancial corporate business 2369.7 2690.4 2920.5 3061.9 2821.1 2705.6 2913.6 3061.9 3120.6 3

 4 FL113170005 Nonfinancial noncorporate business 593.3 598.6 641.5 636.3 643.2 600.2 627.5 636.3 650.3 4

 5 FL313170005 Federal government 308.2 382.3 418.3 436.1 415.8 406.0 422.6 436.1 451.8 5

 6 FL213170003 State and local governments 953.6 1001.7 1051.1 1100.6 1063.7 1075.7 1087.9 1100.6 1113.6 6

 7 FL513170005 Property-casualty insurance companies 68.4 76.8 79.5 90.5 80.8 87.1 97.4 90.5 92.7 7

 8 FL543170005 Life insurance companies 171.2 186.3 199.9 288.1 219.3 247.6 266.1 288.1 299.2 8

 9 FL663170003 Brokers and dealers 44.6 16.8 15.8 18.5 20.1 17.8 16.7 18.5 19.7 9

 10 LM263170005 Rest of the world 77.1 79.4 81.4 81.5 77.9 81.8 80.9 81.5 84.4 10

 11 FL893070005 Total trade receivables 5049.6 5587.2 6230.1 6479.9 6172.0 6029.3 6293.3 6479.9 6722.9 11

 12 FL163070005 Nonprofit organizations (1) 255.4 262.1 269.7 277.6 271.7 273.6 275.6 277.6 279.5 12

 13 FL103070005 Nonfinancial corporate business 3116.4 3512.7 4053.2 4105.2 3957.3 3758.6 3960.4 4105.2 4296.2 13

 14 FL113070003 Nonfinancial noncorporate business 802.9 852.6 900.3 947.3 911.7 925.3 936.6 947.3 961.1 14

 15 FL313070000 Federal government 65.0 75.4 73.5 84.9 73.4 80.6 81.6 84.9 91.9 15

 16 FL213070003 State and local governments 207.4 230.2 249.3 259.5 242.3 231.1 248.1 259.5 268.4 16

 17 FL513070005 Property-casualty insurance companies 168.2 186.1 192.7 210.7 201.0 212.8 224.9 210.7 218.2 17

 18 FL543070005 Life insurance companies 102.2 101.5 108.0 130.4 112.9 120.1 124.8 130.4 134.1 18

 19 FL673070003 ABS issuers 32.5 33.9 34.6 34.8 36.9 35.5 32.6 34.8 33.5 19

 20 LM263070005 Rest of the world 299.6 332.7 348.9 429.5 364.8 391.7 408.6 429.5 439.9 20

 21 FL903070005 Discrepancy -107.7 -189.8 -449.0 -385.1 -454.8 -430.5 -401.5 -385.1 -507.3 21

(1) Included in the households and nonprofit organizations sector (tables L.101 and B.101).

L.226 Life Insurance Reserves

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL893140005 Total liabilities 2158.0 2153.1 2242.9 2385.1 2246.4 2290.1 2327.9 2385.1 2373.4 1

 2 FL313140003 Federal government 51.1 51.3 52.2 52.4 52.0 52.0 52.4 52.4 52.7 2

 3 FL543140005 Life insurance companies 2008.8 2035.2 2122.4 2248.9 2122.6 2161.3 2195.6 2248.9 2237.6 3

 4 FL263140005 Rest of the world 98.1 66.6 68.3 83.8 71.8 76.7 80.0 83.8 83.2 4

 5 FL893140005 Total assets 2158.0 2153.1 2242.9 2385.1 2246.4 2290.1 2327.9 2385.1 2373.4 5

 6 FL153040005 Household sector 1626.6 1659.1 1731.3 1867.0 1733.7 1776.1 1811.9 1867.0 1854.2 6

 7 FL763040005 U.S.-chartered depository institutions 168.2 172.1 178.8 184.8 179.7 181.0 182.8 184.8 186.9 7

 8 FL543040005 Life insurance companies 286.6 250.4 257.1 262.7 258.4 260.2 261.3 262.7 260.6 8

 9 FL733040005 Holding companies 57.0 61.0 65.0 69.0 66.0 67.0 68.0 69.0 70.0 9

 10 FL543141905 Rest of the world 19.7 10.4 10.7 1.6 8.7 5.8 3.9 1.6 1.6 10
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L.227 Pension Entitlements

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893150005 Total liabilities 25994.5 25951.7 27944.8 29759.8 26702.0 27994.8 28643.2 29759.8 30170.6 1

 2 FL543150005 Life insurance companies (1) 3221.6 3175.0 3485.9 3809.4 3265.8 3481.0 3589.7 3809.4 3822.9 2

 3 FL574190005 Private pension funds (2) 10056.7 9720.7 10915.8 11871.4 9920.1 10779.3 11168.4 11871.4 12146.1 3

 4 FL344090005 Federal government retirement funds (3) 3907.2 3976.6 4134.6 4309.2 4076.4 4174.5 4228.5 4309.2 4357.9 4

 5 FL224190005 State and local govt. retirement funds 8790.1 9001.9 9327.7 9642.1 9348.5 9453.8 9540.5 9642.1 9715.5 5

 6 FL263150005 Rest of the world 18.9 77.5 80.8 127.8 91.1 106.2 116.1 127.8 128.3 6

 7 FL893150005 Total assets 25994.5 25951.7 27944.8 29759.8 26702.0 27994.8 28643.2 29759.8 30170.6 7

 8 FL153050005 Households (4) 25898.8 25745.0 27729.3 29466.2 26469.3 27737.1 28369.1 29466.2 29875.9 8

 9 FL543050005 Life insurance companies 91.4 191.4 199.5 291.3 219.7 249.1 268.3 291.3 292.3 9

 10 FL543151905 Rest of the world 4.3 15.4 16.0 2.4 13.0 8.6 5.8 2.4 2.4 10

 Memo:

 11 LM893131573 Individual Retirement Accounts (IRAs): (5) 9439.0 9135.0 10850.0 12210.0 9365.0 10640.0 11190.0 12210.0 ND 11

 12 FL763131573 U.S.-chartered depository institutions 469.2 490.2 476.5 600.7 524.1 559.6 549.0 600.7 ND 12

 13 FL473131573 Credit unions 78.4 78.3 81.7 84.6 82.7 83.5 84.4 84.6 ND 13

 14 LM543131503 Life insurance companies 647.0 624.0 685.0 746.0 645.0 681.0 700.0 746.0 ND 14

 15 FL633131573 Money market funds 240.0 265.0 314.0 391.0 369.0 378.0 392.0 391.0 ND 15

 16 LM653131573 Mutual funds 3824.0 3535.0 4286.0 4833.0 3520.0 4091.0 4340.0 4833.0 ND 16

 17 LM153131575 Other self-directed accounts 4180.3 4142.5 5006.8 5554.7 4224.2 4846.9 5124.7 5554.7 ND 17

(1) Annuities, including those in IRAs.

(2) Includes unallocated insurance company contracts beginning 1985:Q4.

(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(4) Excludes all individual retirement accounts (IRAs), except those at life insurance companies.

(5) Asset of the household and nonprofit organizations sector (tables L.101 and B.101). Figures for depositories (lines 12 and 13) include Keogh accounts. Variable annuities in IRAs are included

 in the life insurance sector (line 14) and excluded from the money market fund and mutual fund sectors (lines 15 and 16).

L.228 Taxes Payable by Businesses

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 FL893178005 Total taxes payable by all businesses 574.6 581.8 596.4 612.6 616.4 656.9 606.3 612.6 605.5 1

 2 FL103178005 Nonfinancial corporate business 277.2 266.7 259.9 273.1 285.3 314.1 268.4 273.1 275.2 2

 3 FL113178003 Nonfinancial noncorporate business 137.2 155.6 164.0 175.2 168.8 174.3 176.0 175.2 179.0 3

 4 FL763178003 U.S.-chartered depository institutions 104.3 109.7 124.2 113.0 107.6 109.9 112.3 113.0 96.2 4

 5 FL513178005 Property-casualty insurance companies 14.0 13.2 12.9 13.4 15.6 15.9 12.2 13.4 15.0 5

 6 FL543178075 Life insurance companies 10.6 7.7 8.1 9.0 10.6 11.8 8.3 9.0 10.2 6

 7 FL613178005 Finance companies 18.3 15.3 14.9 14.4 15.0 15.2 14.4 14.4 14.7 7

 8 FL663178005 Brokers and dealers 13.1 13.6 12.2 14.4 13.6 15.7 14.5 14.4 15.2 8

 9 FL893078005 Total business taxes receivable 354.4 409.8 556.8 626.8 598.8 643.5 632.3 626.8 660.6 9

 10 FL313078000 Federal government 203.0 239.8 378.4 437.1 415.6 454.8 441.9 437.1 467.2 10

 11 FL213078005 State and local governments 151.4 170.0 178.5 189.7 183.2 188.7 190.4 189.7 193.4 11

 12 FL903078005 Discrepancy 220.2 171.9 39.5 -14.2 17.6 13.4 -26.1 -14.2 -55.1 12

L.229 Proprietors’ Equity in Noncorporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 LM152090205 Total household equity 10860.6 11332.9 12116.2 12908.1 12216.4 12408.4 12603.7 12908.1 13113.9 1

 2 LM112090205 Nonfinancial noncorporate business 10791.9 11254.7 12032.7 12817.8 12131.6 12320.0 12516.6 12817.8 13020.1 2

 3 LM662090003 Brokers and dealers 68.7 78.2 83.5 90.3 84.8 88.5 87.1 90.3 93.8 3
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L.230 Direct Investment

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 LM263192005 U.S. direct investment abroad (1, 2) 7865.0 6375.7 7650.0 8128.5 5855.6 6814.0 7178.4 8128.5 8480.9 1

 Equity:

 2 LM263192101 Liab.: Rest of the world (1) 7683.8 6149.4 7485.0 8026.6 5728.7 6685.1 7059.0 8026.6 8391.2 2

 3 LM103092105 Asset: Nonfinancial corporate business 6567.8 5245.6 6374.0 6771.6 4871.3 5700.0 6019.7 6771.6 7104.0 3

 4 LM763092100 U.S.-chartered depository institutions 292.4 241.4 291.1 325.0 223.6 257.8 272.9 325.0 325.9 4

 5 LM513092103 Property-casualty insurance companies 159.9 135.5 159.1 191.7 122.2 141.0 158.9 191.7 198.7 5

 6 LM543092173 Life insurance companies 85.9 62.9 85.5 86.3 65.7 75.7 77.4 86.3 87.9 6

 7 LM613092103 Finance companies 296.8 250.2 295.5 335.6 227.0 261.8 271.3 335.6 348.1 7

 8 LM663092103 Brokers and dealers 281.1 213.7 279.8 316.5 218.9 248.8 258.8 316.5 326.6 8

 Intercompany debt:

 9 LM263192305 Liab.: Rest of the world (1, 2) 181.2 226.3 164.9 101.8 126.9 128.9 119.3 101.8 89.8 9

 10 LM263192313 U.S. parents’ claims 820.1 861.7 876.0 823.3 834.2 818.7 844.0 823.3 848.0 10

 11 LM263092313 Less: U.S. parents’ liabilities 638.9 635.4 711.1 721.4 707.3 689.8 724.6 721.4 758.2 11

 12 LM103092305 Asset: Nonfinancial corporate business 154.9 193.0 140.4 85.9 107.9 109.9 101.8 85.9 76.1 12

 13 LM763092305 U.S.-chartered depository institutions 6.9 8.9 6.4 4.1 5.0 5.0 4.6 4.1 3.5 13

 14 LM513092305 Property-casualty insurance companies 3.8 5.0 3.5 2.4 2.7 2.7 2.7 2.4 2.1 14

 15 LM543092375 Life insurance companies 2.0 2.3 1.9 1.1 1.5 1.5 1.3 1.1 0.9 15

 16 LM613092305 Finance companies 7.0 9.2 6.5 4.3 5.0 5.0 4.6 4.3 3.7 16

 17 LM663092305 Brokers and dealers 6.6 7.9 6.2 4.0 4.8 4.8 4.4 4.0 3.5 17

 18 LM263092001 Foreign direct investment in U.S. (1) 7756.7 7333.5 9398.4 10802.6 7614.0 8959.1 9685.7 10802.6 11540.3 18

 Equity:

 19 LM103192105 Liab.: Nonfinancial corporate business 6080.1 5801.4 7681.0 8758.6 6142.8 7349.3 7993.7 8758.6 9394.4 19

 20 LM115114103 Nonfinancial noncorporate business 28.5 53.7 30.0 75.5 24.0 29.0 33.2 75.5 75.3 20

 21 LM753192103 Foreign banking offices in U.S. 338.6 291.2 356.5 427.5 285.5 345.2 370.9 427.5 458.8 21

 22 LM513192103 Property-casualty insurance companies 171.4 157.6 180.5 244.4 144.5 174.8 189.4 244.4 260.7 22

 23 LM543192173 Life insurance companies 161.9 139.7 170.4 237.2 136.5 165.0 175.5 237.2 253.4 23

 24 LM613192103 Finance companies 90.6 92.2 95.3 159.7 76.3 92.3 96.0 159.7 172.3 24

 25 LM663192103 Brokers and dealers 145.9 125.5 170.9 283.3 108.6 164.6 190.6 283.3 293.7 25

 26 LM733192103 Holding companies 58.9 64.2 79.7 80.9 80.8 81.1 83.0 80.9 101.3 26

 27 LM503192103 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 LM263092101 Asset: Rest of the world (1) 7075.8 6725.5 8764.2 10267.0 6999.0 8401.3 9132.3 10267.0 11009.9 28

 Intercompany debt:

 29 LM103192305 Liab.: Nonfinancial corporate business 459.8 414.5 464.2 355.5 448.1 394.8 389.3 355.5 350.6 29

 30 LM115114305 Nonfinancial noncorporate business 2.7 4.9 2.2 3.9 2.1 1.9 2.0 3.9 3.8 30

 31 LM753192305 Foreign banking offices in U.S. 32.6 26.3 25.8 22.3 25.1 22.9 22.5 22.3 22.2 31

 32 LM513192305 Property-casualty insurance companies 16.5 14.2 13.1 12.7 12.7 11.6 11.5 12.7 12.5 32

 33 LM543192375 Life insurance companies 15.6 12.6 12.3 12.4 12.0 11.0 10.6 12.4 12.2 33

 34 LM613192305 Finance companies 8.7 8.3 6.9 8.3 6.7 6.1 5.8 8.3 8.4 34

 35 LM663192305 Brokers and dealers 14.0 11.3 12.4 14.8 9.5 10.9 11.5 14.8 14.1 35

 36 LM733192305 Holding companies 130.9 115.8 97.4 105.7 98.8 98.6 100.1 105.7 106.7 36

 37 LM503192305 Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 LM263092303 Asset: Rest of the world (1) 680.9 608.0 634.2 535.6 615.0 557.8 553.4 535.6 530.4 38

 39 LM263092323 U.S. affiliates’ liabilities 1100.1 1040.8 1071.8 981.3 1055.9 999.0 990.5 981.3 976.9 39

 40 LM263192323 Less: U.S. affiliates’ claims 419.1 432.8 437.6 445.7 440.9 441.2 437.1 445.7 446.4 40

(1) Direct investment is presented on a directional basis and reported at market value.

(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
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L.231 Total Miscellaneous Financial Claims

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893190005 Total liabilities 22869.0 23720.6 25865.7 27106.9 27162.1 27271.9 27286.5 27106.9 27611.6 1

 2 FL543077073 Household sector 33.1 35.0 36.5 36.6 39.0 38.1 37.7 36.6 38.7 2

 3 FL103190005 Nonfinancial corporate business 7065.5 7370.4 9223.6 9503.3 9256.6 9301.6 9387.4 9503.3 9693.0 3

 4 FL113193003 Nonfinancial noncorporate business 1665.9 1759.5 1838.2 1900.8 1866.2 1890.9 1909.4 1900.8 1898.2 4

 5 FL313190005 Federal government 1964.0 1922.9 1901.0 2240.1 1929.6 2114.0 2320.7 2240.1 2295.0 5

 6 FL223073045 State and local governments 4017.1 4491.6 4184.0 4031.8 4766.2 4512.4 4385.7 4031.8 4045.6 6

 7 FL713190005 Monetary authority 38.5 40.6 40.4 44.4 50.8 43.5 43.2 44.4 44.7 7

 8 FL763190005 U.S.-chartered depository institutions 3108.6 3077.7 3270.0 3347.7 3288.6 3344.7 3326.1 3347.7 3312.2 8

 9 FL753190005 Foreign banking offices in U.S. 190.8 217.9 194.4 187.3 239.0 220.8 203.3 187.3 233.3 9

 10 FL743193005 Banks in U.S.-affiliated areas 4.1 3.2 3.0 3.2 3.1 3.5 4.1 3.2 2.7 10

 11 FL473193005 Credit unions 18.3 18.3 19.4 23.3 19.9 24.1 23.3 23.3 22.6 11

 12 FL513190005 Property-casualty insurance companies 1476.9 1518.3 1599.7 1675.3 1599.8 1636.7 1675.9 1675.3 1729.1 12

 13 FL543190005 Life insurance companies 1605.7 1586.1 1718.9 1892.7 1787.9 1822.9 1832.1 1892.7 1896.4 13

 14 FL403190005 Government-sponsored enterprises 110.5 111.9 114.3 120.2 128.7 118.6 116.3 120.2 120.7 14

 15 FL613190005 Finance companies 334.2 268.9 275.5 281.5 283.9 285.1 281.5 281.5 274.6 15

 16 FL643193005 REITs 101.5 117.6 147.6 159.7 146.4 149.0 155.4 159.7 163.4 16

 17 FL663190005 Brokers and dealers 344.8 329.3 352.9 389.9 274.6 323.6 351.8 389.9 444.8 17

 18 FL733193005 Holding companies -22.7 -13.7 14.0 4.7 0.1 10.9 3.9 4.7 1.6 18

 19 FL503190005 Other financial business 560.7 595.0 656.1 1001.6 860.9 924.2 942.6 1001.6 1126.2 19

 20 FL263190005 Rest of the world 251.4 270.2 276.1 263.0 620.7 507.2 286.1 263.0 268.7 20

 21 FL893090005 Total assets 23897.7 27085.0 28166.0 29602.3 31818.0 30711.4 30434.3 29602.3 29884.9 21

 22 FL153090005 Household sector 1193.0 1245.1 1286.9 1328.2 1286.6 1296.8 1317.5 1328.2 1346.8 22

 23 FL103090005 Nonfinancial corporate business 3718.2 5829.3 6634.9 6862.3 8262.6 7395.2 7385.9 6862.3 6974.8 23

 24 FL113090005 Nonfinancial noncorporate business 3205.8 3398.2 3593.5 3829.2 3635.4 3745.6 3855.8 3829.2 3830.0 24

 25 FL313090005 Federal government 193.8 208.7 215.7 337.7 218.7 333.8 335.9 337.7 277.6 25

 26 FL213093003 State and local governments 84.2 102.5 31.3 22.9 17.3 16.8 19.5 22.9 36.4 26

 27 FL713090005 Monetary authority 37.7 27.3 25.4 49.0 382.4 257.5 54.0 49.0 33.4 27

 28 FL763090005 U.S.-chartered depository institutions 454.9 508.1 429.2 649.1 729.0 630.5 689.5 649.1 635.1 28

 29 FL753093005 Foreign banking offices in U.S. 96.6 76.2 79.7 77.5 105.9 87.0 81.7 77.5 83.0 29

 30 FL743093005 Banks in U.S.-affiliated areas 27.1 28.5 17.0 11.9 13.1 10.5 11.8 11.9 19.4 30

 31 FL473090005 Credit unions 79.0 86.5 92.2 124.8 106.0 122.8 120.1 124.8 116.2 31

 32 FL513090005 Property-casualty insurance companies 453.3 479.7 485.1 499.6 536.7 524.6 518.4 499.6 495.9 32

 33 FL543090005 Life insurance companies 581.3 629.8 648.5 760.6 780.7 743.0 727.9 760.6 769.5 33

 34 FL573090005 Private pension funds 1784.0 1994.0 1663.1 1688.4 1996.0 1828.1 1783.4 1688.4 1691.6 34

 35 FL343073045 Federal government retirement funds 1676.8 1622.1 1585.8 1563.4 1616.1 1646.2 1629.7 1563.4 1590.0 35

 36 FL223090005 State and local govt. retirement funds 4455.6 4924.3 5253.5 5199.9 5740.6 5580.1 5420.5 5199.9 5261.1 36

 37 FL633093005 Money market funds 6.6 8.1 10.5 10.5 83.5 13.2 15.2 10.5 76.9 37

 38 FL653093005 Mutual funds 293.1 225.7 291.8 296.4 286.4 299.9 265.1 296.4 318.0 38

 39 LM563093003 Exchange-traded funds 68.9 65.9 84.9 150.3 94.0 127.8 151.9 150.3 132.8 39

 40 FL403093005 Government-sponsored enterprises 111.0 95.3 127.3 189.7 150.2 170.0 186.5 189.7 199.3 40

 41 FL673090543 ABS issuers 83.0 86.0 92.3 111.3 98.1 102.5 108.0 111.3 119.2 41

 42 FL613090005 Finance companies 28.3 54.4 51.5 61.1 58.2 60.0 53.7 61.1 45.9 42

 43 FL643090005 REITs 180.5 205.3 192.6 199.5 197.8 189.3 189.0 199.5 215.4 43

 44 FL663090005 Brokers and dealers 693.4 728.8 671.6 751.8 834.4 777.4 751.9 751.8 772.9 44

 45 FL733090005 Holding companies 3592.0 3565.4 3671.2 3908.9 3730.2 3823.7 3825.7 3908.9 3870.8 45

 46 FL503094505 Other financial business 749.6 830.7 869.4 859.4 797.1 869.2 878.1 859.4 912.2 46

 47 FL263076005 Rest of the world 50.1 59.2 61.3 59.1 61.0 59.8 57.8 59.1 60.6 47

 48 FL903090005 Discrepancy -1028.7 -3364.4 -2300.3 -2495.4 -4655.8 -3439.5 -3147.8 -2495.4 -2273.3 48
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L.232 Identified Miscellaneous Financial Claims - Part I

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 Federal government equity in IBRD, etc.:

 1 FL313092803 Liab.: Rest of the world 64.8 66.1 67.5 69.3 68.8 68.8 69.0 69.3 69.3 1

 2 FL313092803 Asset: Federal government 64.8 66.1 67.5 69.3 68.8 68.8 69.0 69.3 69.3 2

 Federal Reserve Bank stock:

 3 FL713164003 Liab.: Monetary authority 31.4 32.3 31.7 32.4 32.0 32.0 32.4 32.4 32.5 3

 4 FL713164003 Asset: U.S.-chartered depository institutions 31.4 32.3 31.7 32.4 32.0 32.0 32.4 32.4 32.5 4

 Equity in government-sponsored enterprises:

 5 FL403192405 Liab.: Government-sponsored enterprises 51.1 52.2 48.6 41.8 55.0 46.2 43.9 41.8 41.2 5

 6 FL103092405 Asset: Nonfin. corporate business (Fannie Mae and FCS) 1.2 1.2 1.3 1.4 1.4 1.3 1.3 1.4 1.5 6

 7 FL113092405 Nonfinancial noncorporate (FCS) 12.3 12.5 12.8 13.0 12.6 12.8 13.0 13.0 13.0 7

 8 FL313092403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FL763092405 U.S.-chartered depository institutions (FHLB) 28.5 29.1 24.6 14.7 30.1 20.6 17.6 14.7 13.6 9

 10 FL473092403 Credit unions (FHLB) 4.1 4.0 3.9 3.9 4.3 3.9 4.0 3.9 3.8 10

 11 FL513092403 Property-casualty insurance companies (FHLB) 0.2 0.2 0.2 0.8 0.3 0.4 0.8 0.8 0.7 11

 12 FL543092473 Life insurance companies (FHLB) 4.2 4.7 5.2 8.0 6.0 7.0 7.3 8.0 8.5 12

 13 FL613092403 Finance companies 0.2 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.0 13

 14 FL643092473 Real estate investment trusts (FHLB) 0.5 0.5 0.5 0.0 0.3 0.1 0.0 0.0 0.0 14

 Holding company net transactions with affiliates:

 15 FL763194735 Liab.: U.S.-chartered depository institutions 2495.7 2500.5 2603.5 2806.5 2618.7 2744.2 2760.2 2806.5 2747.3 15

 16 FL513194733 Property-casualty insurance companies 4.8 6.0 6.8 2.9 6.7 1.9 3.0 2.9 3.7 16

 17 FL543194733 Life insurance companies 15.8 4.8 5.9 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FL613194733 Finance companies 28.4 15.0 10.2 8.3 9.3 9.1 9.3 8.3 7.8 18

 19 FL663194735 Brokers and dealers 975.9 952.6 983.3 1064.7 1049.3 1001.9 1007.8 1064.7 1066.5 19

 20 FL263194735 Rest of the world -6.6 18.3 17.1 -14.5 5.6 22.8 6.4 -14.5 3.0 20

 21 FL733094705 Asset: Holding companies 3513.9 3497.3 3626.9 3868.0 3689.6 3779.9 3786.6 3868.0 3828.2 21

 NFC investment in finance company affiliates:

 22 FL103094105 Liab.: Finance companies 110.7 113.2 112.5 109.4 111.3 107.8 103.8 109.4 109.2 22

 23 FL103094105 Asset: Nonfinancial corporate business 110.7 113.2 112.5 109.4 111.3 107.8 103.8 109.4 109.2 23

 Other financial businesses’ investment in affiliates:

 24 FL753194503 Liab.: Foreign banking offices in U.S. 79.7 123.1 119.5 92.0 122.4 111.5 101.0 92.0 134.2 24

 25 FL663194505 Brokers and dealers 669.9 707.6 749.8 767.4 674.7 757.7 777.0 767.4 777.9 25

 26 FL503094505 Asset: Other financial business 749.6 830.7 869.4 859.4 797.1 869.2 878.1 859.4 912.2 26

 Equity investment under Public-Private Inv. Program:

 27 LM503194305 Liab.: Other financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 LM153094305 Asset: Households (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 LM313094303 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 Federal gov’t investment in Federal Reserve facilities:

 30 FL313094213 Liab.: Monetary authority 0.0 0.0 0.0 1.5 0.0 1.5 1.5 1.5 1.5 30

 31 FL503194205 Other financial business 0.0 0.0 0.0 112.5 0.0 112.5 112.5 112.5 50.3 31

 32 FL313094205 Asset: Federal government 0.0 0.0 0.0 114.0 0.0 114.0 114.0 114.0 51.8 32

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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L.233 Identified Miscellaneous Financial Claims - Part II

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 Nonofficial foreign currencies:

 1 FL263191103 Liab.: Rest of the world 14.7 6.8 6.4 20.5 360.3 229.5 26.5 20.5 5.1 1

 2 FL313091105 Asset: Federal government 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2

 3 FL713091103 Monetary authority (1) 12.1 4.2 3.7 17.9 357.7 226.9 23.9 17.9 2.5 3

 Postal Savings System deposits:

 4 FL313131003 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL313131003 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 FL403197033 Liab.: Government-sponsored enterprises 7.8 7.6 10.4 15.3 15.1 15.8 14.9 15.3 17.6 6

 7 FL403197033 Asset: U.S.-chartered depository institutions 7.8 7.6 10.4 15.3 15.1 15.8 14.9 15.3 17.6 7

 Paycheck Protection Program subsidies payable:

 8 FL313172003 Liab.: Federal government 0.0 0.0 0.0 353.0 0.0 157.1 380.3 353.0 382.9 8

 9 FL163072003 Asset: Nonprofit organizations 0.0 0.0 0.0 8.1 0.0 4.8 11.5 8.1 8.1 9

 10 FL103072005 Nonfinancial corporate business 0.0 0.0 0.0 259.3 0.0 97.7 236.4 259.3 298.2 10

 11 FL113072003 Nonfinancial noncorporate business 0.0 0.0 0.0 83.6 0.0 53.9 130.5 83.6 74.4 11

 12 FL613072003 Finance companies 0.0 0.0 0.0 2.0 0.0 0.8 1.8 2.0 2.2 12

 Funding agreements backing securities:

 13 FL673090543 Liab.: Life insurance companies (2) 83.0 86.0 92.3 111.3 98.1 102.5 108.0 111.3 119.2 13

 14 FL673090543 Asset: ABS issuers 83.0 86.0 92.3 111.3 98.1 102.5 108.0 111.3 119.2 14

 Deferred and unpaid life insurance premiums:

 15 FL543077073 Liab.: Household sector 33.1 35.0 36.5 36.6 39.0 38.1 37.7 36.6 38.7 15

 16 FL543077073 Asset: Life insurance companies 33.1 35.0 36.5 36.6 39.0 38.1 37.7 36.6 38.7 16

 Life insurance company reserves:

 17 FL543195005 Liab.: Life insurance companies 382.4 408.7 426.6 445.8 429.2 435.2 442.1 445.8 448.1 17

 18 FL263195105 Rest of the world 19.3 17.8 18.6 24.4 19.9 21.8 23.0 24.4 24.0 18

 19 FL153095105 Asset: Household sector 331.8 352.2 367.6 383.8 369.6 374.6 380.8 383.8 386.2 19

 20 FL543095105 Life insurance companies 69.8 74.3 77.6 86.4 79.6 82.4 84.2 86.4 85.9 20

 Policy payables:

 21 FL513176005 Liab.: Property-casualty insurance companies 1250.2 1294.2 1338.2 1393.5 1345.2 1364.5 1394.8 1393.5 1427.0 21

 22 FL263176005 Rest of the world 159.3 161.1 166.6 163.3 166.1 164.3 161.3 163.3 167.2 22

 23 FL153076005 Asset: Household sector 574.0 591.9 603.9 612.7 603.4 606.7 614.4 612.7 630.3 23

 24 FL103076005 Nonfinancial corporate business 365.6 377.0 392.0 417.3 395.6 404.0 416.5 417.3 426.7 24

 25 FL113076005 Nonfinancial noncorporate business 120.4 119.0 129.0 145.1 132.3 137.0 142.6 145.1 146.5 25

 26 FL513076005 Property-casualty insurance companies 299.4 308.1 318.6 322.4 319.1 321.2 324.8 322.4 330.2 26

 27 FL263076005 Rest of the world 50.1 59.2 61.3 59.1 61.0 59.8 57.8 59.1 60.6 27

 Unallocated insurance company contracts:

 28 FL593095005 Liab.: Life insurance companies 805.3 788.4 843.6 877.8 806.7 833.2 848.8 877.8 877.2 28

 29 FL573095005 Asset: Private pension funds 565.1 555.8 589.6 603.2 558.9 577.3 584.1 603.2 604.1 29

 30 FL223095505 State and local government retirement funds 240.2 232.6 254.0 274.7 247.8 255.8 264.7 274.7 273.1 30

 Pension fund contributions payable:

 31 FL573074005 Liab.: Nonfinancial corporate business 119.3 84.7 83.8 76.7 87.0 83.1 80.2 76.7 75.1 31

 32 FL573074005 Asset: Private pension funds 119.3 84.7 83.8 76.7 87.0 83.1 80.2 76.7 75.1 32

 Securities borrowed (net):

 33 FL663097005 Liab.: Other financial business 702.7 683.8 685.5 753.6 744.0 747.2 716.3 753.6 762.3 33

 34 FL663097005 Asset: Brokers and dealers 702.7 683.8 685.5 753.6 744.0 747.2 716.3 753.6 762.3 34

 Retiree health care funds:

 35 FL313195105 Liab.: Federal government (3) 287.1 301.0 315.4 323.6 313.6 310.7 310.8 323.6 322.2 35

 36 FL313195105 Asset: Household sector 287.1 301.0 315.4 323.6 313.6 310.7 310.8 323.6 322.2 36

 Claims of pension fund on sponsor:

 37 FL573073005 Liab.: Nonfinancial corporate business 326.7 590.0 175.7 147.1 531.1 335.2 273.0 147.1 140.3 37

 38 FL343073045 Federal government 1676.8 1622.1 1585.8 1563.4 1616.1 1646.2 1629.7 1563.4 1590.0 38

 39 FL223073045 State and local governments 4017.1 4491.6 4184.0 4031.8 4766.2 4512.4 4385.7 4031.8 4045.6 39

 40 FL573073005 Asset: Private pension funds 326.7 590.0 175.7 147.1 531.1 335.2 273.0 147.1 140.3 40

 41 FL343073045 Federal government retirement funds 1676.8 1622.1 1585.8 1563.4 1616.1 1646.2 1629.7 1563.4 1590.0 41

 42 FL223073045 State and local govt. retirement funds 4017.1 4491.6 4184.0 4031.8 4766.2 4512.4 4385.7 4031.8 4045.6 42

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities. Funding agreement-backed securities issued by foreign entities

 are included in foreign direct investment in the U.S. See tables L.133 and L.230.

(3) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
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L.234 Unidentified Miscellaneous Financial Claims

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL893193005 Total liabilities 8462.9 8549.9 11139.9 11674.9 11070.6 11257.2 11425.9 11674.9 12124.7 1

 2 FL103193005 Nonfinancial corporate business 6619.6 6695.6 8964.0 9279.4 8638.5 8883.3 9034.2 9279.4 9477.6 2

 3 FL113193003 Nonfinancial noncorporate business 1665.9 1759.5 1838.2 1900.8 1866.2 1890.9 1909.4 1900.8 1898.2 3

 4 FL313193013 Federal government 0.1 -0.2 -0.2 0.0 -0.2 0.0 0.0 0.0 0.0 4

 5 FL713193005 Monetary authority 7.1 8.2 8.7 10.5 18.8 10.0 9.3 10.5 10.7 5

 6 FL763193005 U.S.-chartered depository institutions 612.9 577.2 666.5 541.2 669.9 600.5 565.9 541.2 565.0 6

 7 FL753193005 Foreign banking offices in U.S. 111.1 94.8 74.8 95.3 116.7 109.3 102.3 95.3 99.0 7

 8 FL743193005 Banks in U.S.-affiliated areas 4.1 3.2 3.0 3.2 3.1 3.5 4.1 3.2 2.7 8

 9 FL473193005 Credit unions 18.3 18.3 19.4 23.3 19.9 24.1 23.3 23.3 22.6 9

 10 FL513193005 Property-casualty insurance companies 221.9 218.1 254.6 279.0 248.0 270.4 278.0 279.0 298.5 10

 11 FL543193005 Life insurance companies 319.3 298.2 350.5 457.8 453.8 452.0 433.3 457.8 451.9 11

 12 FL403193005 Government-sponsored enterprises 51.5 52.1 55.3 63.1 58.6 56.7 57.5 63.1 61.9 12

 13 FL613193005 Finance companies 195.2 140.7 152.9 163.8 163.3 168.3 168.4 163.8 157.6 13

 14 FL643193005 REITs 101.5 117.6 147.6 159.7 146.4 149.0 155.4 159.7 163.4 14

 15 FL663193005 Brokers and dealers -1301.0 -1330.9 -1380.3 -1442.2 -1449.4 -1436.0 -1433.0 -1442.2 -1399.6 15

 16 FL733193005 Holding companies -22.7 -13.7 14.0 4.7 0.1 10.9 3.9 4.7 1.6 16

 17 FL503193005 Other financial business -142.0 -88.8 -29.4 135.4 116.9 64.5 113.8 135.4 313.6 17

 18 FL893093005 Total assets 9491.6 11914.4 13440.1 14170.2 15726.4 14696.7 14573.6 14170.2 14397.9 18

 19 FL103093005 Nonfinancial corporate business 3240.7 5337.9 6129.1 6074.9 7754.3 6784.4 6627.8 6074.9 6139.2 19

 20 FL113093005 Nonfinancial noncorporate business 3073.1 3266.7 3451.7 3587.4 3490.5 3541.9 3569.7 3587.4 3596.2 20

 21 FL313093003 Federal government 126.4 140.0 145.7 151.8 147.3 148.4 150.3 151.8 153.9 21

 22 FL213093003 State and local governments 84.2 102.5 31.3 22.9 17.3 16.8 19.5 22.9 36.4 22

 23 FL713093005 Monetary authority 25.7 23.1 21.7 31.1 24.7 30.6 30.1 31.1 30.9 23

 24 FL763093005 U.S.-chartered depository institutions 387.2 439.1 362.5 586.6 651.9 562.0 624.6 586.6 571.5 24

 25 FL753093005 Foreign banking offices in U.S. 96.6 76.2 79.7 77.5 105.9 87.0 81.7 77.5 83.0 25

 26 FL743093005 Banks in U.S.-affiliated areas 27.1 28.5 17.0 11.9 13.1 10.5 11.8 11.9 19.4 26

 27 FL473093005 Credit unions 75.0 82.5 88.2 120.9 101.7 118.9 116.2 120.9 112.4 27

 28 FL513093005 Property-casualty insurance companies 153.8 171.3 166.3 176.4 217.3 203.0 192.9 176.4 165.0 28

 29 FL543093005 Life insurance companies 474.2 515.8 529.2 629.6 656.1 615.6 598.7 629.6 636.3 29

 30 FL573093005 Private pension funds 772.9 763.5 813.9 861.3 819.0 832.4 846.0 861.3 872.0 30

 31 FL223093005 State and local govt. retirement funds 198.3 200.1 815.5 893.4 726.6 811.9 770.1 893.4 942.4 31

 32 FL633093005 Money market funds 6.6 8.1 10.5 10.5 83.5 13.2 15.2 10.5 76.9 32

 33 FL653093005 Mutual funds 293.1 225.7 291.8 296.4 286.4 299.9 265.1 296.4 318.0 33

 34 LM563093003 Exchange-traded funds 68.9 65.9 84.9 150.3 94.0 127.8 151.9 150.3 132.8 34

 35 FL403093005 Government-sponsored enterprises 111.0 95.3 127.3 189.7 150.2 170.0 186.5 189.7 199.3 35

 36 FL613093005 Finance companies 28.1 54.3 51.4 59.0 58.1 59.2 51.8 59.0 43.7 36

 37 FL643093005 REITs 180.0 204.8 192.1 199.5 197.6 189.2 189.0 199.5 215.4 37

 38 FL663093005 Brokers and dealers -9.3 45.0 -13.9 -1.8 90.4 30.1 35.6 -1.8 10.6 38

 39 FL733093005 Holding companies 78.1 68.1 44.4 40.9 40.6 43.7 39.1 40.9 42.6 39

 40 FL903090005 Discrepancy -1028.7 -3364.4 -2300.3 -2495.4 -4655.8 -3439.5 -3147.8 -2495.4 -2273.3 40
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B.101 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL152000005 Assets 119974.0 121255.6 134298.9 148976.3 127844.8 136129.5 140624.6 148976.3 154160.7 1

 2 LM152010005 Nonfinancial assets 35938.6 37937.2 39962.9 43440.9 40677.2 41375.6 42302.9 43440.9 44598.5 2

 3 LM155035005 Real estate 30044.1 31792.9 33563.2 36589.3 34222.4 34896.6 35572.7 36589.3 37557.7 3

 4 LM155035015 Households (2) 26842.2 28507.9 29993.7 32838.8 30624.3 31272.9 31953.1 32838.8 33776.6 4

 5 LM165035005 Nonprofit organizations 3201.9 3285.0 3569.5 3750.5 3598.1 3623.7 3619.6 3750.5 3781.1 5

 6 LM165015205 Equipment (nonprofits) (3) 417.5 438.6 457.0 467.9 461.6 462.8 465.7 467.9 473.9 6

 7 LM165013765 Intellectual property products (nonprofits) (3) 174.9 184.1 192.5 203.8 195.0 198.0 200.5 203.8 205.0 7

 8 LM155111005 Consumer durable goods (3) 5302.1 5521.7 5750.1 6179.9 5798.2 5818.2 6064.0 6179.9 6361.9 8

 9 FL154090005 Financial assets 84035.4 83318.4 94336.1 105535.4 87167.6 94753.9 98321.7 105535.4 109562.2 9

 10 LM153091003 Foreign deposits 39.1 42.0 41.0 46.6 50.4 44.0 47.9 46.6 47.7 10

 11 FL153020005 Checkable deposits and currency 1295.0 1208.7 1180.3 2886.9 1325.5 1601.6 1744.8 2886.9 3355.3 11

 12 FL153030005 Time and savings deposits 9233.8 9661.4 10194.2 10807.7 10533.4 11161.3 11267.0 10807.7 11187.6 12

 13 FL153034005 Money market fund shares 1617.9 1799.0 2219.4 2595.1 2417.8 2689.9 2665.0 2595.1 2783.2 13

 14 LM154022005 Debt securities 4391.1 5079.5 5653.1 5116.9 5286.7 5166.4 4976.7 5116.9 4639.7 14

 15 LM153061105 Treasury securities 1094.2 1647.6 1963.3 1677.7 1500.1 1450.4 1522.6 1677.7 1539.5 15

 16 LM153061705 Agency- and GSE-backed securities 436.3 593.5 698.5 290.5 710.4 434.8 366.6 290.5 100.7 16

 17 LM153062005 Municipal securities 1897.8 1868.0 1901.4 1920.5 1878.8 1900.7 1906.8 1920.5 1888.3 17

 18 LM153063005 Corporate and foreign bonds 962.8 970.5 1089.9 1228.1 1197.4 1380.5 1180.6 1228.1 1111.2 18

 19 FL154023005 Loans 993.3 976.9 1010.1 1120.9 1165.4 1137.2 1098.9 1120.9 1132.6 19

 20 FL153069005 Other loans and advances (4) 867.7 861.0 900.4 1019.0 1058.1 1032.4 995.4 1019.0 1031.8 20

 21 FL153065005 Mortgages 90.4 84.6 82.1 76.6 80.8 79.1 78.0 76.6 75.7 21

 22 FL163066223 Consumer credit (student loans) (5) 35.2 31.3 27.7 25.3 26.5 25.7 25.5 25.3 25.0 22

 23 LM153064105 Corporate equities 17974.1 16301.7 20860.6 25890.9 16210.9 19940.6 22014.6 25890.9 28284.8 23

 24 LM153064205 Mutual fund shares 8656.9 8005.0 10044.1 11223.4 8199.9 9520.8 10129.1 11223.4 11661.1 24

 25 FL163070005 Trade receivables (5) 255.4 262.1 269.7 277.6 271.7 273.6 275.6 277.6 279.5 25

 26 FL153040005 Life insurance reserves 1626.6 1659.1 1731.3 1867.0 1733.7 1776.1 1811.9 1867.0 1854.2 26

 27 FL153050005 Pension entitlements (6) 25898.8 25745.0 27729.3 29466.2 26469.3 27737.1 28369.1 29466.2 29875.9 27

 28 LM152090205 Equity in noncorporate business (7) 10860.6 11332.9 12116.2 12908.1 12216.4 12408.4 12603.7 12908.1 13113.9 28

 29 FL153090005 Miscellaneous assets 1193.0 1245.1 1286.9 1328.2 1286.6 1296.8 1317.5 1328.2 1346.8 29

 30 FL154190005 Liabilities 15420.5 15905.6 16420.7 17056.0 16489.6 16503.1 16768.0 17056.0 17243.6 30

 31 FL163162003 Debt securities (municipal securities) (5) 217.5 215.1 211.8 202.1 208.9 206.6 205.3 202.1 202.1 31

 32 FL154123005 Loans 14814.0 15290.5 15799.3 16436.1 15866.5 15881.2 16145.8 16436.1 16619.5 32

 33 FL153165105 One-to-four-family residential mortgages (8) 9928.8 10204.4 10482.4 10924.7 10543.7 10626.1 10784.6 10924.7 11041.5 33

 34 FL153166000 Consumer credit 3830.8 4007.0 4192.6 4187.8 4148.2 4097.9 4143.9 4187.8 4163.2 34

 35 FL153168005 Depository institution loans n.e.c. 299.1 339.0 350.0 370.3 383.9 378.5 364.4 370.3 369.0 35

 36 FL153169005 Other loans and advances 495.9 471.0 495.9 665.9 510.1 495.8 567.9 665.9 756.1 36

 37 FL163165505 Commercial mortgages (5) 259.4 269.1 278.4 287.4 280.7 282.9 285.2 287.4 289.7 37

 38 FL163170005 Trade payables (5) 355.9 365.0 373.1 381.3 375.1 377.2 379.2 381.3 383.3 38

 39 FL543077073 Deferred and unpaid life insurance premiums 33.1 35.0 36.5 36.6 39.0 38.1 37.7 36.6 38.7 39

 40 FL152090005 Net worth 104553.5 105350.0 117878.2 131920.3 111355.2 119626.4 123856.6 131920.3 136917.1 40

 Memo:

 41 FL893131573 Assets held in IRAs (9) 9439.0 9135.0 10850.0 12210.0 9365.0 10640.0 11190.0 12210.0 ND 41

 42 FL154023205 Assets held in 529 college plans (9) 319.0 311.3 371.4 425.3 329.9 373.5 387.4 425.3 438.4 42

 43 LM154023223 College savings plans 294.4 288.8 346.3 398.6 306.2 348.2 361.7 398.6 412.3 43

 44 FL154023213 Prepaid tuition plans 24.6 22.5 25.1 26.7 23.7 25.3 25.8 26.7 26.0 44

 Replacement-cost value of structures:

 45 LM155012605 Residential 17202.3 18195.5 18855.7 20017.5 19033.6 19122.2 19621.4 20017.5 20693.0 45

 46 LM155012665 Households 16921.6 17898.9 18551.3 19695.6 18726.6 18814.1 19305.5 19695.6 20360.5 46

 47 LM165012665 Nonprofit organizations 280.8 296.6 304.3 322.0 306.9 308.1 315.9 322.0 332.5 47

 48 LM165013665 Nonresidential (nonprofits) 1801.7 1916.0 1997.9 2014.7 2010.0 2007.6 2012.3 2014.7 2036.2 48

 49 FA156012005 Disposable personal income (DPI) (SAAR) 14901.9 15766.5 16348.6 17525.3 16698.6 18360.8 17661.9 17379.7 19777.3 49

 50 FL152090006 Net worth/DPI (percent) (line 40/line 49) 701.61 668.19 721.03 752.74 666.85 651.53 701.26 759.05 692.29 50

 51 FL155035065 Owners’ equity in real estate (line 4 less line 33) 16913.4 18303.5 19511.3 21914.1 20080.6 20646.8 21168.5 21914.1 22735.1 51

 52 FL155035066 Owners’ equity/real estate (percent) (line 51/line 4) 63.01 64.21 65.05 66.73 65.57 66.02 66.25 66.73 67.31 52

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary balance sheet tables B.101.h and B.101.n show estimates of annual year-end outstandings of

 households and nonprofit organizations, respectively. Detail on the sector’s indirect holdings of debt securities and equity is shown on table B.101.e.

(2) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land. At market value.

(3) At replacement (current) cost.

(4) Includes cash accounts at brokers and dealers and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(5) Student loans and trade receivables are financial assets of nonprofit organizations; municipal securities, commercial mortgages, and trade payables are liabilities.

(6) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs and at life insurance companies. Excludes social security.

(7) Net worth of nonfinancial noncorporate business (table B.104, line 35) and owners’ equity in unincorporated security brokers and dealers.

(8) Includes loans made under home equity lines of credit and home equity loans secured by junior liens (table L.218, line 23).

(9) Included in assets shown on the household balance sheet.
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B.103 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL102000005 Assets 40449.2 42374.3 47343.8 50040.4 47647.8 48313.6 48901.3 50040.4 50856.3 1

 2 LM102010005 Nonfinancial assets 22448.5 23246.2 24854.1 25691.9 24982.3 25024.3 25030.3 25691.9 25973.6 2

 3 LM105035005 Real estate (market value) 12704.8 12963.4 14173.9 14777.9 14276.8 14350.6 14247.7 14777.9 14858.5 3

 4 LM105015205 Equipment (replacement cost) 4866.3 5108.3 5288.7 5365.3 5325.7 5330.7 5351.6 5365.3 5425.6 4

 5 LM105013765 Intellectual property products (replacement cost) 2440.2 2604.2 2771.0 2962.0 2816.0 2868.9 2905.1 2962.0 3002.1 5

 6 LM105020015 Inventories (replacement cost) 2437.2 2570.3 2620.4 2586.7 2563.8 2474.1 2526.0 2586.7 2687.3 6

 7 FL104090005 Financial assets 18000.6 19128.1 22489.7 24348.5 22665.5 23289.3 23871.0 24348.5 24882.8 7

 8 FL103091003 Foreign deposits 216.6 106.3 131.0 140.4 111.3 144.3 158.5 140.4 139.0 8

 9 FL103020000 Checkable deposits and currency 951.7 1189.7 1339.9 2012.6 1559.9 2017.3 2102.2 2012.6 1909.9 9

 10 FL103030003 Time and savings deposits 181.3 187.2 201.5 288.3 298.9 316.9 314.8 288.3 277.1 10

 11 FL103034000 Money market fund shares 499.5 466.1 558.3 677.9 919.6 868.9 686.8 677.9 628.5 11

 12 FL102051003 Security repurchase agreements 39.6 14.6 13.4 35.8 27.4 32.4 30.3 35.8 23.7 12

 13 LM104022005 Debt securities 236.0 253.2 326.6 386.5 374.5 395.3 391.9 386.5 346.5 13

 14 FL103069100 Commercial paper 123.7 162.1 217.6 261.1 227.8 220.4 238.9 261.1 236.1 14

 15 LM103061103 Treasury securities 71.3 54.4 63.6 75.2 92.2 112.9 96.2 75.2 64.0 15

 16 LM103061703 Agency- and GSE-backed securities 23.8 18.1 21.2 25.1 30.7 37.6 32.1 25.1 21.3 16

 17 LM103062003 Municipal securities 17.2 18.5 24.2 25.1 23.8 24.4 24.7 25.1 25.0 17

 18 FL104023005 Loans 68.5 70.7 72.2 74.6 71.7 72.4 73.2 74.6 74.1 18

 19 FL103065003 Mortgages 32.2 34.2 36.4 38.8 37.0 37.6 38.2 38.8 39.4 19

 20 FL103066005 Consumer credit 36.2 36.5 35.8 35.8 34.7 34.8 35.1 35.8 34.7 20

 21 LM103064103 Corporate equities 1949.3 1789.9 2317.7 2531.0 1826.0 2156.6 2302.7 2531.0 2642.2 21

 22 LM103064203 Mutual fund shares 301.0 269.9 326.4 376.4 276.9 321.6 342.8 376.4 390.7 22

 23 FL103070005 Trade receivables 3116.4 3512.7 4053.2 4105.2 3957.3 3758.6 3960.4 4105.2 4296.2 23

 24 LM103092005 U.S. direct investment abroad (1) 6722.7 5438.6 6514.5 6857.5 4979.3 5809.9 6121.4 6857.5 7180.0 24

 25 FL103090005 Miscellaneous assets 3718.2 5829.3 6634.9 6862.3 8262.6 7395.2 7385.9 6862.3 6974.8 25

 26 FL104190005 Liabilities 19142.9 20371.9 22974.3 24313.3 23586.9 23891.8 24023.5 24313.3 24675.6 26

 27 FL104122005 Debt securities 6169.9 6303.8 6573.5 7257.4 6814.5 7176.3 7219.6 7257.4 7387.4 27

 28 FL103169100 Commercial paper 206.7 196.5 194.5 132.2 243.1 166.1 122.2 132.2 144.0 28

 29 FL103162000 Municipal securities (2) 567.8 563.5 577.6 582.8 580.2 581.3 582.2 582.8 582.1 29

 30 FL103163003 Corporate bonds (1) 5395.4 5543.8 5801.4 6542.4 5991.2 6428.9 6515.1 6542.4 6661.3 30

 31 FL104123005 Loans 2800.7 3326.2 3532.7 3862.1 3961.3 3999.5 3845.2 3862.1 3848.8 31

 32 FL103168005 Depository institution loans n.e.c. 899.6 1003.0 1033.8 1132.2 1368.0 1361.7 1164.3 1132.2 1056.2 32

 33 FL103169005 Other loans and advances 1364.8 1709.7 1837.7 2025.9 1924.2 1957.6 1992.0 2025.9 2076.5 33

 34 FL103165005 Mortgages 536.4 613.5 661.2 704.0 669.1 680.2 688.9 704.0 716.2 34

 35 FL103170005 Trade payables 2369.7 2690.4 2920.5 3061.9 2821.1 2705.6 2913.6 3061.9 3120.6 35

 36 FL103178005 Taxes payable 277.2 266.7 259.9 273.1 285.3 314.1 268.4 273.1 275.2 36

 37 LM103192305 Foreign direct investment: intercompany debt 459.8 414.5 464.2 355.5 448.1 394.8 389.3 355.5 350.6 37

 38 FL103190005 Miscellaneous liabilities 7065.5 7370.4 9223.6 9503.3 9256.6 9301.6 9387.4 9503.3 9693.0 38

 39 FL102090005 Net worth 21306.2 22002.4 24369.4 25727.1 24060.9 24421.8 24877.8 25727.1 26180.7 39

 Memo:

 40 LM103164103 Corporate equities (market value) 28747.5 26543.6 33680.3 42213.4 27002.7 33391.1 36934.5 42213.4 45115.2 40

 41 LM103164113 Public issues 23548.0 21728.9 27633.7 35187.6 22367.7 27794.1 30773.8 35187.6 37111.0 41

 42 LM103164123 Private issues 5199.5 4814.7 6046.6 7025.9 4635.0 5596.9 6160.7 7025.9 8004.1 42

 43 LM103192105 Foreign direct investment: equity 6080.1 5801.4 7681.0 8758.6 6142.8 7349.3 7993.7 8758.6 9394.4 43

 44 FL103164106 Equities/net worth (percent) (3) 104.97 95.47 105.09 122.41 137.76 166.82 180.60 198.13 208.21 44

 45 FL104104016 Debt/equities (percent) (3) 31.21 36.28 30.01 26.34 32.51 27.43 24.63 21.82 20.61 45

 46 FL104104006 Debt/net worth (percent) (3) 32.76 34.64 31.53 32.24 44.79 45.76 44.48 43.22 42.92 46

 With nonfinancial assets stated at historical cost:

 47 FL102000115 Assets (sum of lines 7 and 48) 33044.6 34893.2 39064.0 41357.1 39366.3 40070.2 40723.1 41357.1 42144.0 47

 48 FL102010115 Nonfinancial assets 15044.0 15765.1 16574.3 17008.6 16700.8 16780.9 16852.1 17008.6 17261.2 48

 49 FL105035045 Real estate 5979.1 6247.3 6574.6 6772.7 6635.1 6687.9 6722.8 6772.7 6812.2 49

 50 FL105013213 Equipment 4699.9 4894.1 5079.1 5194.4 5110.6 5119.5 5152.3 5194.4 5242.1 50

 51 FL105013715 Intellectual property products 2275.2 2415.2 2571.0 2718.5 2609.3 2642.0 2677.9 2718.5 2763.7 51

 52 FL105020000 Inventories 2089.8 2208.4 2349.6 2323.0 2345.8 2331.5 2299.1 2323.0 2443.2 52

 53 FL102090115 Net worth (historical cost) (line 47 less line 26) 13901.7 14521.3 16089.6 17043.8 15779.4 16178.4 16699.6 17043.8 17468.3 53

 Memo:

 Historical-cost value of structures:

 54 FL105012613 Residential 104.5 110.0 115.6 122.0 117.1 118.4 120.1 122.0 124.0 54

 55 FL105013613 Nonresidential 5286.9 5519.0 5759.8 5949.2 5818.5 5865.9 5908.6 5949.2 5988.9 55

(1) Through 1992, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.

(3) Debt is calculated as the sum of debt securities (line 27) and loans (line 31). The ratios on line 44 and 45 use the sum of corporate equities (line 40) and foreign direct investment: equity (line 43).
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140 Z.1, June 10, 2021

B.104 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL112000005 Assets 18762.0 19661.3 20814.3 22195.9 21096.7 21509.7 21845.0 22195.9 22555.1 1

 2 LM112010005 Nonfinancial assets 13224.4 13815.8 14633.9 15487.2 14722.6 14896.0 15112.4 15487.2 15709.9 2

 3 LM115035005 Real estate (1) 11877.7 12416.4 13201.1 14039.8 13294.5 13470.0 13681.6 14039.8 14243.1 3

 4 LM115035023 Residential 6573.5 7009.2 7430.1 8078.6 7499.5 7648.5 7879.5 8078.6 8258.6 4

 5 LM115035035 Nonresidential 5304.2 5407.2 5771.0 5961.2 5795.1 5821.6 5802.1 5961.2 5984.4 5

 6 LM115015205 Equipment (2) 827.8 863.5 884.2 911.1 893.0 896.8 905.3 911.1 922.0 6

 7 LM115012265 Residential (3) 50.3 56.5 56.7 66.1 57.6 59.5 63.4 66.1 67.3 7

 8 LM115013265 Nonresidential 777.5 807.0 827.5 845.0 835.3 837.4 841.8 845.0 854.7 8

 9 LM115013765 Intellectual property products (2) 259.1 273.9 289.9 289.9 290.6 292.2 289.9 289.9 287.6 9

 10 LM115020005 Inventories (2) 259.7 262.0 258.7 246.4 244.4 236.9 235.7 246.4 257.2 10

 11 FL114090005 Financial assets 5537.6 5845.6 6180.4 6708.7 6374.0 6613.7 6732.6 6708.7 6845.2 11

 12 FL113020005 Checkable deposits and currency 306.0 317.5 338.0 442.0 395.9 444.3 442.4 442.0 501.7 12

 13 FL113030003 Time and savings deposits 1000.1 1047.9 1106.5 1229.0 1181.2 1238.9 1235.2 1229.0 1300.3 13

 14 FL113034003 Money market fund shares 99.8 104.6 110.4 119.1 113.9 118.3 119.7 119.1 114.1 14

 15 LM114022005 Debt securities 75.1 75.8 80.0 86.3 82.6 85.8 86.8 86.3 82.1 15

 16 LM113061003 Treasury securities 69.0 70.2 74.1 79.9 76.5 79.4 80.4 79.9 76.1 16

 17 LM113062003 Municipal securities 6.0 5.6 5.9 6.4 6.1 6.4 6.4 6.4 6.0 17

 18 FL114023005 Loans 48.0 49.0 51.7 55.8 53.4 55.5 56.1 55.8 55.9 18

 19 FL113065005 Mortgages 48.0 49.0 51.7 55.8 53.4 55.5 56.1 55.8 55.9 19

 20 FL113066003 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FL113070003 Trade receivables 802.9 852.6 900.3 947.3 911.7 925.3 936.6 947.3 961.1 21

 22 FL113090005 Miscellaneous assets 3205.8 3398.2 3593.5 3829.2 3635.4 3745.6 3855.8 3829.2 3830.0 22

 23 FL113076005 Insurance receivables 120.4 119.0 129.0 145.1 132.3 137.0 142.6 145.1 146.5 23

 24 FL113092405 Equity investment in GSEs (4) 12.3 12.5 12.8 13.0 12.6 12.8 13.0 13.0 13.0 24

 25 FL113072003 PPP subsidies receivable 0.0 0.0 0.0 83.6 0.0 53.9 130.5 83.6 74.4 25

 26 FL113093005 Other 3073.1 3266.7 3451.7 3587.4 3490.5 3541.9 3569.7 3587.4 3596.2 26

 27 FL114190005 Liabilities 7941.7 8352.9 8751.6 9302.6 8941.0 9160.7 9295.2 9302.6 9459.7 27

 28 FL114123005 Loans 5542.7 5834.4 6105.7 6586.4 6260.7 6493.5 6580.3 6586.4 6728.4 28

 29 FL113168005 Depository institution loans n.e.c. 1387.3 1465.2 1481.2 1634.1 1569.1 1709.4 1716.8 1634.1 1720.9 29

 30 FL113169005 Other loans and advances 210.0 218.4 226.3 313.5 231.9 269.5 294.0 313.5 316.7 30

 31 FL113165005 Mortgages 3945.3 4150.7 4398.2 4638.8 4459.7 4514.6 4569.6 4638.8 4690.8 31

 32 FL113170005 Trade payables 593.3 598.6 641.5 636.3 643.2 600.2 627.5 636.3 650.3 32

 33 FL113178003 Taxes payable 137.2 155.6 164.0 175.2 168.8 174.3 176.0 175.2 179.0 33

 34 LM115114305 Foreign direct investment: intercompany debt 2.7 4.9 2.2 3.9 2.1 1.9 2.0 3.9 3.8 34

 35 FL113193003 Miscellaneous liabilities 1665.9 1759.5 1838.2 1900.8 1866.2 1890.9 1909.4 1900.8 1898.2 35

 36 FL112090005 Net worth 10820.3 11308.4 12062.6 12893.2 12155.6 12349.0 12549.8 12893.2 13095.4 36

 Memo:

 37 LM112090205 Proprietors’ net investment (5) 10791.9 11254.7 12032.7 12817.8 12131.6 12320.0 12516.6 12817.8 13020.1 37

 38 LM115114103 Foreign direct investment: equity 28.5 53.7 30.0 75.5 24.0 29.0 33.2 75.5 75.3 38

 Replacement-cost value of structures:

 39 FL115012665 Residential 3678.8 3852.3 3933.7 4150.6 3963.4 3975.3 4073.4 4150.6 4287.2 39

 40 FL115013665 Nonresidential 2139.8 2256.2 2348.3 2281.2 2342.1 2317.7 2301.0 2281.2 2282.6 40

 41 FL114104006 Debt/net worth (percent) (line 27/line 36) 51.36 51.84 50.74 51.38 51.50 52.58 52.43 51.08 51.38 41

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Included in table B.101, line 28.
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R.101 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars; not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FC152090005 Change in net worth (1) 8754.0 796.6 12528.2 14042.0 -6523.1 8271.3 4230.2 8063.7 4996.8 1

 2 FU155060005 Net investment 1293.1 1598.7 2031.8 3451.3 747.8 1386.5 380.3 936.8 900.1 2

 3 FU155061005 Net physical investment 517.0 548.8 536.0 633.7 134.8 101.9 197.5 199.4 242.9 3

 4 FU155050005 Capital expenditures 2121.2 2230.6 2292.2 2434.5 576.0 546.8 647.0 664.7 718.9 4

 5 FU155012005 Residential 631.4 663.5 668.4 735.8 179.3 157.5 190.6 208.4 217.4 5

 6 FU165013005 Nonprofit nonresidential 190.5 203.3 209.6 210.8 52.3 50.3 53.6 54.7 55.7 6

 7 FU155111003 Consumer durable goods 1311.4 1377.0 1427.7 1506.5 348.1 343.9 407.8 406.7 451.0 7

 8 FU155420003 Nonproduced nonfinancial assets -12.0 -13.2 -13.6 -18.6 -3.7 -4.9 -5.0 -5.0 -5.1 8

 9 FU156300005 - Consumption of fixed capital 1604.2 1681.7 1756.2 1800.8 441.2 444.8 449.5 465.3 476.0 9

 10 FU156320005 Residential 390.4 419.4 436.3 457.9 111.8 112.7 115.4 118.0 121.5 10

 11 FU166330005 Nonprofit nonresidential 147.4 154.6 162.8 170.8 41.7 42.1 43.0 44.0 45.3 11

 12 FU156300103 Consumer durable goods 1066.4 1107.8 1157.1 1172.1 287.6 290.0 291.0 303.3 309.1 12

 13 FU155000005 Net lending (+) or net borrowing (-) 776.1 1049.9 1495.8 2817.7 612.9 1284.5 182.8 737.4 657.2 13

 14 FU154090005 Net acquisition of financial assets 1349.3 1549.9 2026.8 3456.6 679.9 1299.9 449.8 1027.0 845.9 14

 15 FU154190005 - Net increase in liabilities 573.1 500.1 530.9 638.9 67.0 15.3 267.1 289.5 188.7 15

 16 FR158000005 Net holding gains 7415.7 -796.6 9980.3 10914.5 -6866.0 6910.1 3823.6 7046.8 3869.2 16

 17 FR152010085 Nonfinancial assets 1821.4 1484.6 1500.1 2841.8 579.7 596.0 727.8 938.3 913.3 17

 18 FR155035005 Real estate 1916.5 1531.9 1543.0 2750.5 591.0 630.1 601.0 928.5 874.4 18

 19 FR165015205 Equipment (2) -1.3 -0.9 -2.8 -6.4 0.5 -1.1 -2.2 -3.6 0.1 19

 20 FR165013765 Intellectual property products (2) 3.2 3.3 2.0 2.4 0.7 0.8 0.1 0.8 -1.4 20

 21 FR155111005 Consumer durable goods (2) -97.0 -49.7 -42.1 95.4 -12.4 -33.8 129.0 12.6 40.2 21

 22 FR154090005 Financial assets 5594.3 -2281.2 8480.2 8072.7 -7445.7 6314.1 3095.8 6108.5 2955.9 22

 23 FR154022005 Debt securities 68.3 -118.8 268.3 246.9 103.9 122.3 1.0 19.6 -190.5 23

 24 FR153064105 Corporate equities 2642.2 -1490.1 4381.4 4613.4 -4648.8 3609.0 1847.1 3806.0 2221.7 24

 25 FR153064205 Mutual fund shares 1039.5 -670.9 1504.9 1214.5 -1590.8 1251.3 545.6 1008.3 336.7 25

 26 FR153040005 Life insurance reserves 39.4 -16.9 55.5 41.5 -46.9 39.8 16.3 32.4 7.6 26

 27 FR153050005 Pension entitlements 1008.9 -502.4 1501.5 1201.6 -1402.3 1150.0 506.5 947.5 316.2 27

 28 FR152090205 Equity in noncorporate business 794.4 517.0 767.3 755.9 138.8 142.2 179.6 295.2 263.8 28

 29 FR153094305 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 FR153030005 Other financial assets 1.6 0.9 1.4 -1.0 0.3 -0.5 -0.3 -0.5 0.3 30

 31 FV158090005 Other volume changes (3) 45.2 -5.5 516.1 -323.8 -404.9 -25.3 26.2 80.1 227.5 31

 Memo:

 32 FL152090005 Net worth outstanding (4) 104553.5 105350.0 117878.2 131920.3 111355.2 119626.4 123856.6 131920.3 136917.1 32

 33 FA156012005 Disposable personal income 14901.9 15766.5 16348.6 17525.3 16698.6 18360.8 17661.9 17379.7 19777.3 33

(1) Sum of net investment (line 2), net holding gains (line 16), and other volume changes (line 31).

(2) Valued at current cost.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.101, line 40.
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142 Z.1, June 10, 2021

R.103 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars; not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FC102090005 Change in net worth (1) 1919.7 696.2 2367.0 1357.7 -308.6 361.0 456.0 849.3 453.6 1

 2 FU105060005 Net investment 667.6 210.1 703.1 411.8 165.7 -121.7 378.0 -10.1 179.7 2

 3 FU105061005 Net physical investment 448.7 568.9 516.9 285.8 92.3 -35.0 127.9 100.6 160.6 3

 4 FU105050005 Capital expenditures 1883.2 2068.2 2147.7 1964.0 527.5 400.9 532.6 503.0 540.0 4

 5 FU105019005 Fixed investment 1866.0 2017.0 2097.5 2028.6 517.8 482.1 506.4 522.2 536.3 5

 6 FU105020005 Inventory change + IVA 17.1 53.4 50.5 -62.8 10.4 -80.1 24.9 -18.1 0.3 6

 7 FU105420005 Nonproduced nonfinancial assets 0.1 -2.1 -0.4 -1.8 -0.8 -1.1 1.3 -1.1 3.3 7

 8 FU106300005 - Consumption of fixed capital 1487.1 1554.0 1636.0 1699.9 420.5 423.3 425.7 430.4 435.3 8

 9 FU106320005 Residential 4.3 3.8 4.1 4.2 1.1 1.0 1.0 1.1 1.2 9

 10 FU106330005 Nonresidential 1482.9 1550.1 1632.0 1695.7 419.3 422.3 424.8 429.3 434.1 10

 11 FU105020601 - Inventory valuation adjustment -52.7 -54.7 -5.3 -21.7 14.7 12.6 -21.0 -28.0 -55.9 11

 12 FU105000005 Net lending (+) or net borrowing (-) 263.4 9.6 412.6 79.1 125.6 -110.2 195.6 -131.9 -10.2 12

 13 FU104090005 Net acquisition of financial assets 547.8 870.2 2388.6 1464.9 686.0 218.1 381.8 179.0 381.5 13

 14 FU104194005 - Net increase in liabilities and equity 284.4 860.7 1976.0 1385.8 560.4 328.3 186.1 310.9 391.7 14

 15 FU103164103 Net corporate equity issues -325.6 -617.5 -454.0 -168.5 -96.5 -14.5 10.6 -68.1 -48.3 15

 16 FU103192105 Foreign direct investment: equity 281.1 249.2 227.6 215.3 44.4 37.9 43.8 89.2 77.6 16

 17 FR108000005 Net holding gains 1318.5 105.5 1629.6 989.1 -463.4 489.2 100.5 862.7 291.1 17

 18 FR102010005 Nonfinancial assets 954.8 248.2 1056.6 595.2 46.7 83.5 -99.4 564.3 138.4 18

 19 FR105035005 Real estate 821.2 115.2 1011.6 535.0 75.0 52.2 -105.7 513.4 74.0 19

 20 FR105015205 Equipment (2) 33.9 58.2 8.6 -24.5 9.0 -0.3 -8.4 -24.7 16.3 20

 21 FR105013765 Intellectual property products (2) 56.1 49.7 42.2 77.2 15.0 28.7 8.7 24.8 3.6 21

 22 FR105020015 Inventories (2,3) 43.7 25.1 -5.8 7.4 -52.3 3.0 6.0 50.8 44.4 22

 23 FR108080095 Financial assets 363.7 -142.7 573.0 393.9 -510.2 405.7 199.9 298.5 152.7 23

 24 FR104022005 Debt securities 0.5 -1.9 4.1 1.9 5.7 -0.7 -1.3 -1.7 -5.0 24

 25 FR103064103 Corporate equities 326.2 -118.7 517.7 352.7 -463.6 364.3 182.7 269.1 146.1 25

 26 FR103064203 Mutual fund shares 36.9 -22.1 51.2 39.4 -52.2 42.1 18.5 31.0 11.7 26

 27 FR103092005 Direct investment abroad 965.6 -1126.5 998.4 228.2 -1520.3 754.2 258.1 736.1 233.0 27

 28 FR103090005 Miscellaneous assets -965.6 1126.5 -998.4 -228.2 1520.3 -754.2 -258.1 -736.1 -233.0 28

 29 FR108100005 Less: liabilities -0.0 0.0 -0.0 -0.0 -0.0 0.0 0.0 -0.0 -0.0 29

 30 FR103192305 Foreign direct investment: intercompany debt -7.8 19.3 23.7 -51.7 -12.5 -38.1 -1.4 0.2 -0.0 30

 31 FR573073005 Claims of pension fund on sponsor -270.1 152.1 -445.4 -81.4 360.6 -214.2 -84.5 -143.3 -25.6 31

 32 FR103193005 Miscellaneous liabilities 277.9 -171.4 421.7 133.1 -348.1 252.3 85.9 143.1 25.6 32

 33 FV108090005 Other volume changes (4) -66.4 380.6 34.3 -43.2 -10.8 -6.5 -22.5 -3.3 -17.3 33

 Memo:

 34 FL102090005 Net worth outstanding (5) 21306.2 22002.4 24369.4 25727.1 24060.9 24421.8 24877.8 25727.1 26180.7 34

(1) Sum of net investment (line 2), net holding gains (line 17), and other volume changes (line 33).

(2) Valued at current cost.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 36.
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R.104 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars; not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FC112090005 Change in net worth (1) 867.6 488.1 754.2 830.6 93.0 193.4 200.8 343.4 202.2 1

 2 FU115440005 Net capital transfers paid -9.4 -3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FU115060005 Net investment 103.0 -19.9 12.4 27.2 -40.0 46.9 15.9 4.4 -62.1 3

 4 FU115061005 Net physical investment 70.5 83.4 80.2 54.2 -38.0 26.7 31.0 34.5 -46.1 4

 5 FU115050005 Capital expenditures 392.3 419.7 430.0 416.6 51.3 116.6 122.0 126.7 47.9 5

 6 FU115019005 Fixed investment 393.0 415.3 431.4 426.6 53.7 127.6 121.5 123.7 50.9 6

 7 FU115020005 Change in inventories -0.7 4.4 -1.5 -10.0 -2.4 -11.0 0.4 3.0 -3.0 7

 8 FU116300005 - Consumption of fixed capital 321.8 336.3 349.8 362.4 89.3 89.9 91.0 92.3 94.0 8

 9 FU116320005 Residential 93.8 100.5 103.8 104.7 26.8 26.9 25.8 25.2 23.9 9

 10 FU116330005 Nonresidential 228.0 235.9 245.9 257.6 62.4 62.9 65.2 67.1 70.0 10

 11 FU115000005 Net lending (+) or net borrowing (-) -61.1 -80.4 -80.2 -54.2 38.0 -26.7 -31.0 -34.5 46.1 11

 12 FU114090005 Net acquisition of financial assets 613.7 309.1 331.6 524.7 187.6 240.2 119.5 -22.5 141.1 12

 13 FU114194005 - Net increase in liabilities and equity 674.8 389.4 411.8 578.9 149.6 266.9 150.5 12.0 95.0 13

 14 FU112090205 Proprietor’s net investment (2) 91.3 -42.0 9.7 28.7 -40.1 46.1 16.9 5.8 -61.5 14

 15 FU115114103 Foreign direct investment: equity 2.3 19.0 2.7 -1.6 0.1 0.8 -1.0 -1.4 -0.6 15

 16 FR118000005 Net holding gains 788.2 520.1 740.9 802.9 132.8 146.4 184.8 338.9 264.2 16

 17 FR112010005 Nonfinancial assets 788.0 521.4 737.9 799.1 126.7 146.7 185.5 340.3 268.7 17

 18 FR115035023 Residential real estate 455.2 426.9 399.0 617.4 90.9 126.9 206.8 192.8 198.0 18

 19 FR115035035 Nonresidential real estate 281.4 55.2 317.3 160.9 23.0 16.5 -30.0 151.3 27.6 19

 20 FR115012265 Residential equipment (3) -1.4 3.3 -2.5 6.0 0.3 1.1 2.9 1.7 -0.2 20

 21 FR115013265 Nonresidential equipment (3) 37.3 33.9 21.9 34.5 28.7 3.8 12.5 -10.5 34.6 21

 22 FR115013765 Intellectual property products (3) 5.2 4.3 4.0 -17.3 -4.4 -5.0 -5.0 -2.8 -5.1 22

 23 FR115020005 Inventories (3) 10.3 -2.1 -1.8 -2.3 -11.8 3.5 -1.7 7.7 13.8 23

 24 FR114022005 Financial assets (debt securities) 0.1 -1.2 3.2 3.5 6.1 -0.5 -0.6 -1.4 -4.5 24

 Less: liabilities (foreign direct

 25 FR115114305 investment: intercompany debt) -0.1 0.1 0.2 -0.2 -0.1 -0.2 -0.0 0.0 0.0 25

 26 FV118090005 Other volume changes (4) -14.2 -9.2 1.0 0.5 0.2 0.1 0.1 0.1 0.1 26

 Memo:

 27 LM112090005 Net worth outstanding (5) 10820.3 11308.4 12062.6 12893.2 12155.6 12349.0 12549.8 12893.2 13095.4 27

(1) Sum of net capital transfers paid (line 2), net investment (line 3), net holding gains (line 16), and other volume changes (line 26).

(2) Shown on table F.104, line 35.

(3) Valued at current cost.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.104, line 36.
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B.101.h Balance Sheet of Households (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2012 2013 2014 2015 2016 2017 2018 2019 2020

 

 1 FL192000005 Assets 82018.4 90304.4 96184.6 99126.1 104290.0 113049.1 114128.9 126514.6 140658.3 1

 2 LM192010005 Nonfinancial assets 23309.8 25129.3 26569.3 28248.6 30131.6 32144.3 34029.5 35743.8 39018.7 2

 3 LM155035015 Real estate (2) 18582.3 20349.7 21710.0 23241.6 24977.4 26842.2 28507.9 29993.7 32838.8 3

 4 LM155111005 Consumer durable goods (3) 4727.5 4779.6 4859.3 5007.0 5154.1 5302.1 5521.7 5750.1 6179.9 4

 5 FL194090005 Financial assets 58708.6 65175.1 69615.3 70877.5 74158.5 80904.7 80099.3 90770.8 101639.6 5

 6 FL193020005 Checkable deposits and currency 799.9 983.0 964.7 1060.8 959.6 1126.0 1028.4 988.8 2684.1 6

 7 FL193030205 Time deposits and short-term investments 6928.9 7119.4 7670.5 8183.7 8851.5 8998.9 9423.6 9955.5 10583.9 7

 8 FL193034005 Money market fund shares 1534.8 1533.4 1498.8 1476.5 1472.6 1530.8 1702.3 2105.3 2454.3 8

 9 LM194022005 Debt securities 5435.8 4280.5 4449.8 4347.6 4110.6 4072.2 4749.0 5299.2 4740.8 9

10 LM193061005 U.S. government and municipal securities 3350.9 2793.0 2855.7 3302.9 3261.6 3312.9 3991.0 4440.7 3761.3 10

11 LM193063005 Corporate and foreign bonds 2084.9 1487.5 1594.1 1044.6 849.1 759.2 758.0 858.5 979.5 11

12 FL194023005 Loans 882.1 939.1 982.7 917.1 907.5 849.8 841.9 864.7 980.0 12

13 FL153067005 Other loans and advances (4) 758.1 818.2 870.3 819.2 815.3 760.4 758.4 783.8 904.7 13

14 FL193065005 Mortgages 124.1 120.9 112.4 97.9 92.3 89.3 83.5 80.9 75.4 14

15 LM193064005 Corporate equities and mutual fund shares 13727.4 17287.5 19452.7 19212.0 20848.0 24748.2 22372.0 28693.7 34635.0 15

16 FL153040005 Life insurance reserves 1352.6 1407.8 1472.1 1510.9 1568.1 1626.6 1659.1 1731.3 1867.0 16

17 FL153050005 Pension entitlements (5) 19730.3 22275.0 23102.8 23430.8 24304.2 25898.8 25745.0 27729.3 29466.2 17

18 LM152090205 Equity in noncorporate business (6) 7345.3 8324.6 8978.4 9656.0 9997.5 10860.6 11332.9 12116.2 12908.1 18

19 FL193090005 Miscellaneous assets 971.5 1024.9 1042.8 1082.1 1138.8 1193.0 1245.1 1286.9 1320.1 19

20 FL194190005 Liabilities 13076.7 13309.2 13423.1 13589.8 13986.7 14514.3 14978.8 15475.0 16098.3 20

21 FL194123005 Loans 13051.0 13280.5 13393.2 13558.2 13955.4 14481.2 14943.8 15438.5 16061.7 21

22 FL153165105 One-to-four-family residential mortgages (7) 9537.1 9437.0 9387.3 9492.8 9658.8 9928.8 10204.4 10482.4 10924.7 22

23 FL153166000 Consumer credit 2912.9 3090.5 3309.5 3400.2 3636.4 3830.8 4007.0 4192.6 4187.8 23

24 FL193168005 Depository institution loans n.e.c. 149.2 161.4 172.4 217.2 223.4 225.8 261.4 267.6 283.4 24

25 FL193169005 Other loans and advances 451.9 591.6 523.9 447.9 436.7 495.9 471.0 495.9 665.9 25

26 FL543077073 Deferred and unpaid life insurance premiums 25.7 28.7 29.9 31.6 31.3 33.1 35.0 36.5 36.6 26

27 FL192090005 Net worth 68941.7 76995.1 82761.5 85536.3 90303.3 98534.8 99150.1 111039.6 124560.0 27

 Memo:

 Reconciliation with household and

 nonprofit organization sector net worth: (8)

28 FL152090005 Household and nonprofit net worth (B.101, line 40) 72925.1 81604.5 87698.5 90666.7 95799.5 104553.5 105350.0 117878.2 131920.3 28

29 FL152000005 Household and nonprofit total assets (B.101, line 1) 86819.7 95719.4 101962.7 105119.2 110672.6 119974.0 121255.6 134298.9 148976.3 29

30 FL192000005 Household total assets (B.101.h, line 1) 82018.4 90304.4 96184.6 99126.1 104290.0 113049.1 114128.9 126514.6 140658.3 30

31 FL162000005 Nonprofit total assets (B.101.n, line 1) 6126.3 6867.5 7284.4 7560.5 8059.9 8801.0 9151.0 9949.1 10624.3 31

32 FL163093005 Less: Nonprofit misc. assets (B.101.n, line 19) 1276.7 1410.5 1488.3 1536.1 1654.9 1839.4 1978.3 2128.1 2278.3 32

33 FL164041085 Less: Nonprofit other notes and loans receivable (9) 48.4 42.0 18.0 31.3 22.5 36.7 45.9 36.7 44.1 33

34 FL154190005 Less: Household and nonprofit liabilities (B.101, line 30) 13894.6 14114.9 14264.2 14452.5 14873.1 15420.5 15905.6 16420.7 17056.0 34

35 FL194190005 Household liabilities (B.101.h, line 20) 13076.7 13309.2 13423.1 13589.8 13986.7 14514.3 14978.8 15475.0 16098.3 35

36 FL164190005 Nonprofit liabilities (B.101.n, line 20) 1589.3 1609.6 1723.3 1808.6 1833.3 1924.8 1993.0 2061.8 2134.1 36

37 FL163193005 Less: Nonprofit misc. liabilities (B.101.n, line 27) 771.4 803.9 882.2 945.9 946.9 1018.6 1066.2 1116.1 1176.4 37

(1) Table is based on table B.101 Balance Sheet of Households and Nonprofit Organizations, with adjustments to remove the assets and liabilities of nonprofit organizations, shown on table B.101.n.

(2) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land, at market value.

(3) At replacement (current) cost.

(4) Cash accounts at brokers and dealers.

(5) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs and at life insurance companies. Excludes social security.

(6) Net worth of nonfinancial noncorporate business (table B.104, line 35) and owners’ equity in unincorporated security brokers and dealers.

(7) Includes loans made under home equity lines of credit and home equity loans secured by junior liens (table L.218, line 23).

(8) Some financial asset and liability items shown on the supplemental balance sheet of nonprofit organizations (table B.101.n) are not included on the balance sheet of the household and nonprofit

 organization sector (table B.101). Therefore, some adjustments are necessary to reconcile the combined assets and liabilities of the household sector (table B.101.h) and nonprofit organization sector

 (table B.101.n) with the household and nonprofit organization sector’s (table B.101) in the core Financial Accounts.

(9) Loans, other than syndicated loans, that are not included in household and nonprofit organizations’ other loans and advances (table B.101, line 20).
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B.101.n Balance Sheet of Nonprofit Organizations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2012 2013 2014 2015 2016 2017 2018 2019 2020

 

 1 FL162000005 Total assets 6126.3 6867.5 7284.4 7560.5 8059.9 8801.0 9151.0 9949.1 10624.3 1

 2 FL162010005 Nonfinancial assets 2539.0 2870.8 3078.9 3332.2 3526.7 3794.2 3907.7 4219.1 4422.2 2

 3 FL165035005 Real estate (2) 2078.0 2379.3 2562.4 2790.9 2958.8 3201.9 3285.0 3569.5 3750.5 3

 4 FL165015205 Equipment (3) 326.9 346.1 364.1 383.8 402.0 417.5 438.6 457.0 467.9 4

 5 FL165013765 Intellectual property products (3) 134.0 145.4 152.4 157.5 165.9 174.9 184.1 192.5 203.8 5

 6 FL164090005 Financial assets 3587.3 3996.7 4205.5 4228.3 4533.3 5006.8 5243.3 5730.1 6202.1 6

 7 FL163020005 Cash and non-interest-bearing deposits 111.0 121.8 134.9 146.4 157.9 169.0 180.3 191.5 202.8 7

 8 FL163030205 Other deposits and short-term investments (4) 254.8 257.5 257.5 251.0 253.0 274.1 279.7 279.7 270.4 8

 9 FL163034003 Money market fund shares 55.1 58.5 69.2 74.6 85.8 87.0 96.7 114.1 140.9 9

10 LM164022005 Debt securities 268.6 254.6 282.2 282.4 295.5 319.0 330.5 353.9 376.1 10

11 LM163061005 U.S. government and municipal securities (5) 92.9 86.2 110.9 109.0 107.6 115.4 118.0 122.5 127.5 11

12 LM163063005 Corporate and foreign bonds 175.7 168.5 171.3 173.3 188.0 203.6 212.5 231.4 248.6 12

13 FL164023005 Loans 183.1 185.8 179.9 183.1 178.6 180.2 181.0 182.1 185.0 13

14 FL163065013 Mortgages 1.1 0.8 1.1 0.8 1.2 1.1 1.1 1.2 1.2 14

15 FL163066223 Consumer credit 58.0 51.8 47.6 44.9 41.3 35.2 31.3 27.7 25.3 15

16 FL164041005 Other notes and loans receivable (6) 124.0 133.2 131.2 137.4 136.1 144.0 148.6 153.3 158.5 16

17 LM163064005 Corporate equities and mutual fund shares 1230.5 1494.7 1552.6 1513.8 1663.3 1882.7 1934.7 2211.0 2479.2 17

18 FL163070005 Grants and trade receivables 207.6 213.2 240.7 241.0 244.2 255.4 262.1 269.7 277.6 18

19 FL163090005 Miscellaneous assets 1276.7 1410.5 1488.3 1536.1 1654.9 1839.4 1978.3 2128.1 2270.2 19

20 FL163072003 PPP subsidies receivable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.1 20

21 FL163093005 Other (7) 1276.7 1410.5 1488.3 1536.1 1654.9 1839.4 1978.3 2128.1 2278.3 21

22 FL164190005 Liabilities 1589.3 1609.6 1723.3 1808.6 1833.3 1924.8 1993.0 2061.8 2134.1 22

23 FL163162003 Debt securities (municipal securities) 247.5 234.0 227.4 219.2 216.1 217.5 215.1 211.8 202.1 23

24 FL164123005 Loans 269.3 276.2 291.7 302.2 320.8 332.8 346.7 360.8 374.4 24

25 FL163165505 Commercial mortgages 212.8 221.7 228.3 238.8 252.9 259.4 269.1 278.4 287.4 25

26 FL163168005 Depository institution loans n.e.c. 56.6 54.6 63.3 63.4 67.9 73.4 77.6 82.3 87.0 26

27 FL163169005 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 FL163170005 Trade payables 301.0 295.4 322.1 341.3 349.5 355.9 365.0 373.1 381.3 28

29 FL163193005 Miscellaneous liabilities (8) 771.4 803.9 882.2 945.9 946.9 1018.6 1066.2 1116.1 1176.4 29

30 FL162090005 Net worth 4537.0 5258.0 5561.1 5752.0 6226.6 6876.2 7158.0 7887.4 8490.2 30

 Memo:

31 FL164090015 Total financial assets of private foundations 658.1 743.1 784.9 786.2 840.7 898.2 920.5 995.6 1066.3 31

32 FL164090025 Total financial assets of 501(c) organizations 2929.2 3253.6 3420.6 3442.1 3692.5 4108.5 4322.8 4734.5 5143.8 32

(1) Includes private foundations, including charitable trusts, and organizations that are tax-exempt under Sections 501(c)(3) through 501(c)(9) of the Internal Revenue Code. Does not include religious

 organizations or organizations with less than $25,000 in gross annual receipts. Most financial asset and liability information from annual tax data available with a lag; recent values estimated

 by staff.

(2) Residential and nonresidential real estate at market value.

(3) At replacement (current) cost.

(4) Includes interest-bearing checking and savings accounts, deposits in transit, commercial paper, certificates of deposit, and U.S. Treasury bills or other governmental obligations that mature

 in one year or less.

(5) Excludes the short-term debt securities included in line 16.

(6) Includes some loans that are not included in household and nonprofit organizations’ holdings of other loans and advances (table B.101, line 20).

(7) Includes pledges receivable, receivables from officers and disqualified persons, prepaid expenses and deferred charges, other investments, and other financial assets. Not included on table B.101.

(8) Not included on table B.101.
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B.101.e Balance Sheet of Households and Nonprofit Organizations with Debt and Equity Holdings Detail

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL152000005 Assets 119974.0 121255.6 134298.9 148976.3 127844.8 136129.5 140624.6 148976.3 154160.7 1

 2 FL152010005 Nonfinancial assets 35938.6 37937.2 39962.9 43440.9 40677.2 41375.6 42302.9 43440.9 44598.5 2

 3 FL154090005 Financial assets 84035.4 83318.4 94336.1 105535.4 87167.6 94753.9 98321.7 105535.4 109562.2 3

 4 FL154000025 Deposits (1) 12185.8 12711.0 13634.8 16336.3 14327.1 15496.8 15724.7 16336.3 17373.7 4

 5 LM154022375 Debt securities at market value 8866.6 9760.6 11065.0 11100.9 10427.1 10626.3 10732.4 11100.9 10538.4 5

 6 LM154022005 Directly held 4391.1 5079.5 5653.1 5116.9 5286.7 5166.4 4976.7 5116.9 4639.7 6

 7 LM154022075 Indirectly held 4475.5 4681.1 5411.9 5984.0 5140.4 5459.8 5755.8 5984.0 5898.7 7

 8 LM544022053 Life insurance companies 447.0 433.6 469.9 492.1 432.5 455.0 475.1 492.1 477.5 8

 9 LM574022075 Private pension funds (2) 1398.8 1425.1 1627.9 1830.4 1608.8 1700.9 1773.6 1830.4 1793.8 9

10 LM344022025 Federal govt. retirement funds (2) 96.9 280.8 283.9 331.8 299.7 313.3 324.3 331.8 329.5 10

11 LM223064223 State and local govt. retirement funds (2) 60.2 54.8 63.4 69.9 58.3 63.0 66.4 69.9 69.0 11

12 LM654022055 Mutual funds 2472.6 2486.8 2966.8 3259.7 2741.1 2927.6 3116.3 3259.7 3229.0 12

13 FL154023005 Loans 993.3 976.9 1010.1 1120.9 1165.4 1137.2 1098.9 1120.9 1132.6 13

14 LM153064475 Equity shares at market value 29649.1 26740.5 34051.8 40883.2 26395.6 32296.9 35224.4 40883.2 44099.2 14

15 LM153064105 Directly held 17974.1 16301.7 20860.6 25890.9 16210.9 19940.6 22014.6 25890.9 28284.8 15

16 LM153064175 Indirectly held 11675.1 10438.8 13191.3 14992.3 10184.7 12356.3 13209.8 14992.3 15814.4 16

17 LM543064153 Life insurance companies 1460.3 1243.1 1485.8 1630.9 1159.1 1378.2 1451.6 1630.9 1680.7 17

18 LM573064175 Private pension funds (2) 3870.7 3531.8 4417.3 5111.1 3460.7 4197.1 4504.3 5111.1 5402.4 18

19 LM343064125 Federal govt. retirement funds (2) 308.7 277.9 355.3 402.8 265.2 328.9 351.2 402.8 432.7 19

20 LM223064213 State and local govt. retirement funds (2) 144.2 116.1 145.0 164.9 110.4 135.9 144.1 164.9 173.6 20

21 LM653064155 Mutual funds 5891.2 5269.9 6787.9 7682.7 5189.4 6316.2 6758.7 7682.7 8125.0 21

22 FL153099475 Other 32340.6 33129.4 34574.2 36094.1 34852.4 35196.8 35541.3 36094.1 36418.3 22

23 FL154190005 Liabilities 15420.5 15905.6 16420.7 17056.0 16489.6 16503.1 16768.0 17056.0 17243.6 23

24 FL152090005 Net worth 104553.5 105350.0 117878.2 131920.3 111355.2 119626.4 123856.6 131920.3 136917.1 24

 Memo:

 Debt securities (line 5) as a percent of

25 FL154022376 Total assets (line 1) 7.39 8.05 8.24 7.45 8.16 7.81 7.63 7.45 6.84 25

26 FL154022386 Financial assets (line 3) 10.55 11.71 11.73 10.52 11.96 11.21 10.92 10.52 9.62 26

 Equity shares (line 14) as a percent of

27 FL153064476 Total assets (line 1) 24.71 22.05 25.36 27.44 20.65 23.73 25.05 27.44 28.61 27

28 FL153064486 Financial assets (line 3) 35.28 32.09 36.10 38.74 30.28 34.09 35.83 38.74 40.25 28

(1) Includes foreign deposits, checkable deposits and currency, time and savings deposits, and money market fund shares.

(2) Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 22.
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B.101.f Balance Sheet of Domestic Hedge Funds (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL622000623 Assets 2319.1 2263.8 2428.7 2410.3 2225.3 2373.5 2433.0 2410.3 ND 1

 2 FL625035003 Nonfinancial assets (real estate) 79.4 81.6 92.2 95.3 87.5 87.3 87.9 95.3 ND 2

 3 FL624090005 Financial assets 2239.8 2182.2 2336.6 2315.0 2137.8 2286.3 2345.1 2315.0 ND 3

 4 FL623091003 Foreign currency 20.7 20.5 21.2 21.7 20.0 22.7 20.7 21.7 ND 4

 5 FL623039003 Deposits 44.6 40.4 39.3 36.4 44.3 38.1 36.3 36.4 ND 5

 6 FL623039013 Other cash and cash equivalents 95.4 87.6 104.3 91.5 104.8 93.8 85.1 91.5 ND 6

 7 FL623034003 Money market fund shares 82.0 80.2 86.1 80.4 96.4 91.5 83.5 80.4 ND 7

 8 FL622051003 Security repurchase agreements 94.2 92.6 87.4 72.0 93.4 93.6 99.6 72.0 ND 8

 9 LM624022005 Debt securities 690.9 715.6 730.5 618.9 716.8 720.2 739.3 618.9 ND 9

10 LM623061103 Treasury securities 198.6 213.0 234.8 150.1 212.9 189.8 196.7 150.1 ND 10

11 LM623061703 Agency- and GSE-backed securities 15.2 14.1 13.5 12.0 16.9 14.5 14.2 12.0 ND 11

12 LM623062003 Municipal securities 9.3 14.5 13.2 13.3 14.0 14.4 13.3 13.3 ND 12

13 LM623063003 Corporate and foreign bonds 467.8 474.0 469.1 443.4 473.0 501.5 515.0 443.4 ND 13

14 FL623069005 Loans 89.9 116.5 126.3 143.9 124.0 140.2 148.1 143.9 ND 14

15 FL623069503 Leveraged loans 63.4 72.4 85.3 100.7 85.1 92.6 100.9 100.7 ND 15

16 FL623069003 Other loans 26.5 44.1 40.9 43.2 38.9 47.6 47.2 43.2 ND 16

17 LM623064103 Corporate equities 844.3 767.8 929.3 1018.4 705.6 851.1 912.6 1018.4 ND 17

18 LM623064203 Mutual fund shares 36.0 27.2 11.0 13.0 8.1 17.9 16.3 13.0 ND 18

19 FL623093005 Miscellaneous assets 241.7 233.7 201.2 218.9 224.5 217.0 203.6 218.9 ND 19

20 FL624190005 Liabilities 684.0 716.5 770.0 702.7 724.2 735.0 732.0 702.7 ND 20

21 FL622151005 Security repurchase agreements 71.8 69.3 85.2 71.9 100.0 83.9 95.2 71.9 ND 21

22 FL622151013 Domestic institutions 50.0 52.0 56.4 46.6 65.9 48.2 53.1 46.6 ND 22

23 FL622151063 Foreign institutions 21.7 17.3 28.8 25.3 34.1 35.8 42.1 25.3 ND 23

24 FL624123005 Loans 428.6 390.4 449.2 479.5 372.2 437.8 448.9 479.5 ND 24

25 FL624123035 Secured borrowing via prime brokerage 348.2 301.0 351.3 388.7 265.2 336.3 348.7 388.7 ND 25

26 FL623167003 From domestic institutions 297.4 261.1 306.7 344.4 233.5 296.8 304.1 344.4 ND 26

27 FL623169533 From foreign institutions 50.8 39.9 44.7 44.4 31.7 39.5 44.6 44.4 ND 27

28 FL624123015 Other secured borowing 73.3 82.7 87.2 83.2 95.8 93.2 92.8 83.2 ND 28

29 FL623168013 From domestic institutions 46.6 50.4 58.4 64.2 64.8 59.3 59.9 64.2 ND 29

30 FL623169513 From foreign institutions 26.7 32.3 28.7 19.0 31.0 33.9 32.9 19.0 ND 30

31 FL623168023 Unsecured borrowing 7.1 6.7 10.7 7.6 11.2 8.2 7.4 7.6 ND 31

32 FL623193005 Miscellaneous liabilities 183.6 256.7 235.5 151.3 251.9 213.3 187.9 151.3 ND 32

 Memo:

33 FL622000003 Total net assets 1635.2 1547.3 1658.8 1707.6 1501.1 1638.5 1701.0 1707.6 ND 33

34 FL623098003 Derivatives (2) 1586.0 1229.7 1242.1 956.1 1073.0 1008.2 1133.1 956.1 ND 34

(1) Data begin 2012:Q4. Includes only hedge funds domiciled in the United States as reported on SEC forms ADV and PF.

(2) Long exposure of derivatives.
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F.4.g Gross Fixed Investment (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA885019005 Gross fixed investment (by type) 3999.1 4279.0 4454.9 4471.9 4516.1 4213.2 4483.5 4674.9 4808.1 1

 2 FA885019065 Structures 1664.1 1753.8 1805.3 1839.5 1890.1 1736.6 1821.7 1909.6 1958.1 2

 3 FA885019025 Equipment 1219.2 1333.0 1371.0 1311.9 1311.5 1190.5 1338.1 1407.5 1454.5 3

 4 FA885013075 Intellectual Property Products 1057.5 1145.4 1231.5 1273.4 1267.3 1239.0 1276.6 1310.5 1348.3 4

 5 FA885013035 Software 401.4 440.0 471.6 491.6 489.1 481.8 491.4 504.1 528.9 5

 6 FA885013045 Research and development 572.1 617.6 669.1 696.6 687.6 672.0 703.9 722.9 734.9 6

 7 FA835013051 Entertainment, literary, and artistic originals 84.0 87.8 90.7 85.1 90.6 85.2 81.3 83.5 84.5 7

 8 FA105013893 Miscellaneous adjustments (2) 58.3 46.7 47.1 47.1 47.1 47.1 47.1 47.1 47.1 8

 9 FA885019005 Gross fixed investment (by sector) 3999.1 4279.0 4454.9 4471.9 4516.1 4213.2 4483.5 4674.9 4808.1 9

10 FA155019005 Households and nonprofit organizations 821.8 866.8 878.0 946.6 926.3 831.1 976.7 1052.3 1092.1 10

11 FA105019085 Nonfinancial corporate business (3) 1864.3 2020.4 2104.6 2025.9 2082.5 1937.7 2008.3 2075.1 2137.1 11

12 FA115019085 Nonfinancial noncorporate business 393.0 415.3 431.4 432.2 439.4 417.0 424.2 448.4 475.7 12

13 FA315019001 Federal government 278.7 295.9 321.9 342.0 334.6 336.7 346.1 350.5 350.8 13

14 FA215019001 State and local governments 385.6 407.9 431.0 452.4 453.6 449.6 448.4 458.1 453.7 14

15 FA795013005 Domestic financial sectors (4) 255.6 272.6 288.0 272.8 279.8 241.2 279.9 290.5 298.7 15

16 FA715013005 Monetary authority 0.7 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 16

17 FA705013005 Private depository institutions 46.8 55.3 58.6 47.9 52.3 29.0 53.9 56.5 56.1 17

18 FA765013005 U.S.-chartered depository institutions 35.2 41.3 45.0 34.7 38.8 16.3 40.7 42.9 42.1 18

19 FA755013005 Foreign banking offices in U.S. 5.0 5.6 6.4 6.3 6.4 6.0 6.2 6.4 6.6 19

20 FA745013005 Banks in U.S.-affiliated areas 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 20

21 FA475013005 Credit unions 6.5 8.2 7.0 6.8 7.0 6.5 6.8 7.0 7.2 21

22 FA515013005 Property-casualty insurance companies 24.5 26.2 28.0 28.3 28.5 27.4 28.3 29.1 30.3 22

23 FA545013005 Life insurance companies 18.6 19.8 21.5 21.8 21.8 21.0 21.8 22.4 23.3 23

24 FA575013005 Private pension funds 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 24

25 FA225013005 State and local government employee retirement funds 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 25

26 FA405013005 Government-sponsored enterprises 1.1 0.9 0.9 0.9 0.9 0.8 0.9 0.9 0.9 26

27 FA675013025 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 FA615013005 Finance companies 81.7 85.0 89.6 85.7 86.0 77.7 87.3 91.8 95.0 28

29 FA125013005 REITs (3) 13.7 13.3 13.5 12.4 13.3 12.0 12.0 12.1 12.2 29

30 FA665013005 Security brokers and dealers 30.0 33.2 35.4 34.9 35.7 33.7 34.7 35.5 36.7 30

31 FA735013005 Holding companies 37.7 37.5 39.2 39.6 39.8 38.2 39.7 40.8 42.6 31

 Memo:

32 FA125012063 REITs residential structures (3) -1.7 3.5 7.1 2.9 5.9 -0.7 2.7 3.8 1.2 32

33 FA155111003 Consumer durable goods (5) 1311.4 1377.0 1427.7 1506.5 1392.5 1375.6 1631.2 1626.6 1803.9 33

34 FA145020005 Inventories (6) 16.3 57.7 49.1 -72.8 -52.1 -298.4 -0.8 60.1 -96.8 34

(1) Private gross fixed investment is from BEA, NIPA table 5.2.5. Structures is from BEA, NIPA table 5.4.5. Equipment is from BEA, NIPA table 5.5.5. Intellectual Property Products

 is from BEA, NIPA table 5.6.5. Government gross fixed investment is from BEA, NIPA table 3.9.5.

(2) Calculated as the difference between gross fixed investment in BEA’s NIPA and gross fixed investment in BEA’s fixed assets accounts (FAA); the latter are used to to estimate

 stocks of fixed assets for balance sheets. For the minor definitional differences between the two estimates of gross fixed investment, see the

 BEA FAA web page https://apps.bea.gov/iTable/index_FA.cfm.

(3) Equity REIT gross investment in residential structures is included with the nonfinancial corporate business sector, consistent with their treatment in the NIPAs. In the

 Financial Accounts, equity REIT investment in residential structures is included with the financial business sector.

(4) Domestic financial subsector detail, including REITs, are based on FRB staff estimates.

(5) Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, however, consumer durables are included in household

 sector fixed investment (table F.101, line 14).

(6) Inventories are not included above but are part of nonfinancial business gross investment (table F.4, lines 25 and 26).
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F.4.c Consumption of Fixed Capital

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA886300095 Consumption of fixed capital (by type) 3112.9 3265.0 3420.9 3559.1 3509.0 3534.4 3572.3 3620.7 3678.0 1

 2 FA886300065 Structures 1136.8 1188.9 1235.2 1284.6 1266.9 1275.4 1289.7 1306.5 1327.9 2

 3 FA886300025 Equipment 1050.4 1090.5 1133.6 1179.5 1162.7 1171.3 1183.8 1200.2 1219.1 3

 4 FA886330075 Intellectual Property Products 925.7 985.7 1052.0 1094.9 1079.2 1087.5 1098.8 1113.9 1131.0 4

 5 FA886330035 Software 354.6 379.3 411.3 428.9 422.8 425.9 430.4 436.4 443.2 5

 6 FA886330045 Research and development 496.6 529.1 560.6 582.5 574.2 578.7 584.6 592.6 601.5 6

 7 FA836330053 Entertainment, literary, and artistic originals 74.4 77.3 80.1 83.5 82.3 82.9 83.8 84.9 86.3 7

 8 FA886300095 Consumption of fixed capital (by sector) 3112.9 3265.0 3420.9 3559.1 3509.0 3534.4 3572.3 3620.7 3678.0 8

 9 FA156300003 Households and nonprofit organizations 537.8 574.0 599.0 628.8 614.1 619.2 633.8 648.0 667.5 9

10 FA106300003 Nonfinancial corporate business (1) 1489.3 1557.1 1639.2 1703.1 1684.8 1696.6 1706.5 1724.7 1744.2 10

11 FA116300001 Nonfinancial noncorporate business 321.8 336.3 349.8 362.4 357.1 359.5 363.9 369.1 375.8 11

12 FA316300001 Federal government 277.0 285.8 294.8 305.0 300.5 303.6 305.9 310.0 313.5 12

13 FA216300001 State and local governments 266.2 280.3 293.5 303.1 299.7 300.6 304.9 307.4 313.1 13

14 FA796300081 Domestic financial sectors (2) 220.7 231.5 244.6 256.7 252.8 254.9 257.3 261.6 264.0 14

15 FA716330005 Monetary authority 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 15

16 FA706330005 Private depository institutions 38.6 42.3 46.4 49.5 48.6 49.1 49.7 50.7 51.4 16

17 FA766330005 U.S.-chartered depository institutions 29.0 31.7 35.8 38.4 37.6 38.0 38.5 39.3 40.0 17

18 FA756330005 Foreign banking offices in U.S. 4.1 4.3 5.0 5.2 5.2 5.2 5.2 5.3 5.4 18

19 FA746330005 Banks in U.S.-affiliated areas 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 19

20 FA476330005 Credit unions 5.4 6.2 5.5 5.7 5.6 5.7 5.7 5.8 5.9 20

21 FA516330005 Property-casualty insurance companies 23.1 23.9 25.2 26.4 26.0 26.2 26.4 26.8 27.1 21

22 FA546330005 Life insurance companies 17.3 18.0 19.1 19.9 19.7 19.8 20.0 20.3 20.5 22

23 FA576330005 Private pension funds 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 23

24 FA226330005 State and local government employee retirement funds 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 24

25 FA406330005 Government-sponsored enterprises 1.0 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 25

26 FA676330023 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 FA616330005 Finance companies 73.8 76.0 79.1 82.6 81.5 82.1 82.8 84.1 84.8 27

28 FA126330005 REITs (1) 6.4 6.8 7.3 7.7 7.6 7.6 7.7 7.8 7.9 28

29 FA666330005 Security brokers and dealers 22.0 23.8 25.5 26.7 26.3 26.5 26.7 27.2 27.4 29

30 FA736330005 Holding companies 36.9 38.3 39.7 41.5 40.9 41.3 41.6 42.3 42.6 30

 Memo:

31 FA156300103 Consumer durable goods (3) 1066.4 1107.8 1157.1 1172.1 1150.5 1160.2 1164.2 1213.3 1236.5 31

(1) Equity REIT residential structure consumption of fixed capital is included with the nonfinancial corporate business sector, consistent with their treatment in the NIPAs. In the

 Financial Accounts, equity REIT residential structure consumption of fixed capital is included with the financial business sector.

(2) Domestic financial subsector detail, including REITs, are based on FRB staff estimates.

(3) Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household

 sector capital expenditures.
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F.4.f Net Fixed Investment

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FA885015005 Net fixed investment (by type) 886.3 1014.0 1034.0 912.8 1007.1 678.8 911.2 1054.2 1130.0 1

 2 FA885019665 Structures 527.3 564.9 570.0 554.8 623.1 461.2 532.0 603.1 630.2 2

 3 FA885019265 Equipment 168.8 242.5 237.4 132.4 148.8 19.1 154.3 207.4 235.5 3

 4 FA885013765 Intellectual Property Products 131.8 159.7 179.5 178.5 188.1 151.5 177.9 196.6 217.3 4

 5 FA885013365 Software 46.8 60.7 60.3 62.7 66.4 55.9 61.0 67.8 85.7 5

 6 FA885013465 Research and development 75.5 88.5 108.6 114.1 113.4 93.3 119.3 130.3 133.4 6

 7 FA835013565 Entertainment, literary, and artistic originals 9.5 10.5 10.6 1.7 8.3 2.3 -2.4 -1.4 -1.8 7

 8 FA105013893 Miscellaneous adjustments (1) 58.3 46.7 47.1 47.1 47.1 47.1 47.1 47.1 47.1 8

 9 FA885015005 Net fixed investment (by sector) 886.3 1014.0 1034.0 912.8 1007.1 678.8 911.2 1054.2 1130.0 9

10 FA155015005 Households and nonprofit organizations 284.0 292.8 279.0 317.9 312.3 211.9 343.0 404.3 424.6 10

11 FA105015085 Nonfinancial corporate business (2) 375.0 463.3 465.4 322.8 397.8 241.1 301.8 350.4 392.9 11

12 FA115015005 Nonfinancial noncorporate business 71.2 79.0 81.7 69.8 82.3 57.4 60.3 79.3 99.9 12

13 FA315015005 Federal government 1.7 10.2 27.0 36.9 34.0 33.1 40.1 40.5 37.4 13

14 FA215015005 State and local governments 119.4 127.6 137.5 149.3 153.8 149.0 143.5 150.8 140.6 14

15 FA795015085 Domestic financial sectors (3) 34.9 41.1 43.4 16.2 26.9 -13.7 22.6 28.9 34.7 15

16 FA715013865 Monetary authority -0.1 -0.2 -0.1 -0.1 -0.1 -0.2 -0.2 -0.1 -0.1 16

17 FA705013865 Private depository institutions 8.2 13.0 12.2 -1.5 3.8 -20.1 4.2 5.9 4.8 17

18 FA765013865 U.S.-chartered depository institutions 6.2 9.6 9.3 -3.7 1.2 -21.7 2.1 3.6 2.1 18

19 FA755013865 Foreign banking offices in U.S. 0.8 1.4 1.4 1.0 1.2 0.8 1.0 1.1 1.3 19

20 FA745013865 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 FA475013865 Credit unions 1.1 2.0 1.5 1.1 1.3 0.9 1.1 1.2 1.4 21

22 FA515013865 Property-casualty insurance companies 1.4 2.3 2.8 1.9 2.5 1.2 1.9 2.3 3.3 22

23 FA545013865 Life insurance companies 1.3 1.8 2.4 1.8 2.2 1.2 1.8 2.1 2.8 23

24 FA575013865 Private pension funds 0.1 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 24

25 FA225013865 State and local government employee retirement funds 0.1 -0.0 0.0 -0.0 0.0 -0.0 -0.0 -0.0 -0.0 25

26 FA405013865 Government-sponsored enterprises 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.1 0.1 26

27 FA675013263 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 FA615013865 Finance companies 7.9 9.0 10.6 3.1 4.5 -4.4 4.5 7.6 10.2 28

29 FA125013865 REITs (2) 7.3 6.5 6.1 4.7 5.8 4.4 4.4 4.3 4.4 29

30 FA665013865 Security brokers and dealers 8.0 9.4 9.9 8.2 9.4 7.2 8.0 8.4 9.3 30

31 FA735013865 Holding companies 0.8 -0.8 -0.5 -1.9 -1.1 -3.1 -2.0 -1.5 -0.1 31

 Memo:

32 FA125012665 REITs residential structures (2) -3.9 0.3 3.9 -0.3 3.1 -4.1 -0.9 0.6 -1.7 32

33 FA155111005 Consumer durable goods (4) 245.0 269.2 270.6 334.4 241.9 215.4 467.0 413.3 567.3 33

(1) Included in nonfinancial corporate business sector gross fixed investment, line 11.

(2) Equity REIT net investment in residential structures is included with the nonfinancial corporate business sector, consistent with their treatment in the NIPAs. In the

 Financial Accounts, equity REIT investment in residential structures is included with the financial business sector.

(3) Domestic financial subsector detail, including REITs, are based on FRB staff estimates.

(4) Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector

 capital expenditures.
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L.4.s Net Stocks of Fixed Assets, current cost

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2017 2018 2019 2020 2020 2021

 Q1 Q2 Q3 Q4 Q1

 1 FL885019865 Net stocks (by type) 59747.2 62902.5 65196.4 67397.9 65709.3 65835.7 66727.1 67397.9 68788.2 1

 2 FL885019665 Structures 47729.4 50282.3 52063.1 53840.9 52455.3 52486.9 53288.3 53840.9 55080.5 2

 3 FL885019265 Equipment 7751.5 8109.8 8372.6 8513.8 8430.6 8446.3 8480.5 8513.8 8608.4 3

 4 FL885013765 Intellectual Property Products 4266.4 4510.3 4760.7 5043.2 4823.4 4902.5 4958.4 5043.2 5099.3 4

 5 FL885013365 Software 746.9 803.7 858.6 916.7 871.0 885.4 897.8 916.7 921.7 5

 6 FL885013465 Research and development 3006.7 3178.9 3356.3 3575.6 3401.9 3458.6 3511.7 3575.6 3621.0 6

 7 FL835013565 Entertainment, literary, and artistic originals 512.9 527.7 545.8 550.9 550.5 558.5 548.8 550.9 556.6 7

 8 FL885019865 Net stocks (by sector) 59747.2 62902.5 65196.4 67397.9 65709.3 65835.7 66727.1 67397.9 68788.2 8

 9 FL155015015 Households and nonprofit organizations 19596.4 20734.1 21503.1 22704.0 21700.2 21790.7 22300.0 22704.0 23408.1 9

10 FL105015085 Nonfinancial corporate business (1) 16945.5 17776.3 18458.3 18832.4 18609.7 18659.1 18746.0 18832.4 19049.5 10

11 FL115015005 Nonfinancial noncorporate business 6905.5 7245.9 7456.0 7632.8 7489.1 7482.0 7569.6 7632.8 7779.5 11

12 FL315015005 Federal government 3406.5 3522.1 3604.2 3706.9 3624.4 3639.5 3669.6 3706.9 3756.8 12

13 FL215015005 State and local governments 10974.1 11606.1 12078.0 12397.4 12175.7 12153.5 12323.9 12397.4 12648.9 13

14 FL795013865 Domestic financial sectors (2) 1919.3 2018.0 2096.7 2124.5 2110.3 2110.9 2118.0 2124.5 2145.4 14

15 FL715013865 Monetary authority 10.3 10.6 10.7 10.6 10.7 10.6 10.6 10.6 10.6 15

16 FL705013865 Private depository institutions 419.5 447.5 468.3 478.0 472.3 473.3 475.7 478.0 483.6 16

17 FL765013865 U.S.-chartered depository institutions 306.4 325.9 352.3 359.7 355.3 356.1 357.9 359.7 363.9 17

18 FL755013865 Foreign banking offices in U.S. 48.4 48.8 54.7 55.8 55.1 55.2 55.5 55.8 56.4 18

19 FL745013865 Banks in U.S.-affiliated areas 1.5 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 19

20 FL475013865 Credit unions 63.1 71.2 59.7 60.9 60.2 60.3 60.6 60.9 61.6 20

21 FL515013865 Property-casualty insurance companies 150.4 157.2 162.8 164.8 163.7 163.8 164.2 164.8 166.1 21

22 FL545013865 Life insurance companies 123.8 129.5 134.5 136.9 135.4 135.6 136.2 136.9 138.1 22

23 FL575013865 Private pension funds 2.9 3.3 2.5 2.5 2.5 2.5 2.5 2.5 2.5 23

24 FL225013865 State and local government employee retirement funds 5.6 5.5 6.5 6.5 6.5 6.5 6.5 6.5 6.6 24

25 FL405013865 Government-sponsored enterprises 6.3 5.3 5.0 5.0 5.0 5.0 5.0 5.0 5.1 25

26 FL675013263 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 FL615013865 Finance companies 476.0 492.2 505.8 507.4 507.9 506.7 507.2 507.4 511.7 27

28 FL125013865 REITs (1) 157.1 170.8 182.7 187.7 184.7 185.4 186.7 187.7 190.6 28

29 FL665013865 Security brokers and dealers 182.4 197.4 210.7 219.4 213.6 215.1 217.2 219.4 222.7 29

30 FL735013865 Holding companies 385.0 398.6 407.2 405.7 407.9 406.4 406.1 405.7 407.8 30

 Memo:

31 FL125012665 REITs residential structures (1) 199.2 200.9 203.9 203.4 205.4 206.3 205.2 203.4 202.4 31

32 FL155111005 Consumer durable goods (3) 5302.1 5521.7 5750.1 6179.9 5798.2 5818.2 6064.0 6179.9 6361.9 32

33 FL145020005 Inventories (4) 2696.9 2832.3 2879.1 2833.1 2808.3 2711.0 2761.7 2833.1 2944.5 33

(1) Equity REIT residential structures are included with the nonfinancial corporate business sector, consistent with their treatment in the NIPAs. In the Financial Accounts, equity REIT

 residential structures are included with the financial business sector.

(2) Domestic financial subsector detail, including REITs, are based on FRB staff estimates.

(3) Consumer durable goods are not included above, consistent with their treatment in the NIPAs. In Financial Accounts, consumer durables are included in household sector fixed investment

 (table B.101, line 8).

(4) Not included above.
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S.1.a Total Economy - Current Account

Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 1 FA896902505 Gross value added 16436.8 16941.8 17813.9 18475.6 18837.3 19674.4 20669.9 21420.4 1

 (income approach)

 2 FA886300091 Less: Consumption of fixed capital 2576.0 2681.2 2815.0 2911.4 2986.6 3112.9 3265.0 3420.9 2

 3 FA896902601 Equals: Net value added 13860.8 14260.6 14998.9 15564.2 15850.7 16561.6 17404.8 17999.5 3

 4 FA896025001 Compensation of employees (paid) 8575.4 8843.6 9259.7 9709.5 9974.8 10433.1 10960.6 11444.5 4

 5 FA896020001 Wages and salaries 6936.1 7122.6 7485.8 7869.6 8100.1 8482.0 8904.7 9321.4 5

 6 FA896401001 Employers’ social contributions 1639.2 1721.0 1773.9 1839.9 1874.7 1951.1 2055.9 2123.1 6

 7 FA896240101 Taxes on production and imports less subsidies 1078.1 1128.9 1182.7 1218.0 1250.0 1304.1 1381.5 1417.5 7

 8 FA896402101 Operating surplus, net 4207.4 4288.0 4556.5 4636.7 4625.8 4824.4 5062.8 5137.4 8

 9 FA266904095 Plus: Income receipts from the rest of the world 799.7 823.4 853.5 860.8 893.5 1032.7 1142.9 1169.8 9

10 FA266904195 Less: Income payments to the rest of the world 567.4 592.7 612.5 640.4 661.5 740.4 858.2 900.2 10

11 FA896140001 Equals: Net national income/Balance of primary incomes, net 14093.1 14491.3 15239.9 15784.6 16082.7 16853.9 17689.6 18269.1 11

12 FA896402101 Operating surplus, net 4207.4 4288.0 4556.5 4636.7 4625.8 4824.4 5062.8 5137.4 12

13 FA156025105 Compensation of employees (received) 8566.7 8834.2 9249.1 9699.4 9963.9 10422.5 10950.1 11432.4 13

14 FA156020101 Wages and salaries 6927.5 7113.2 7475.2 7859.5 8089.1 8471.5 8894.2 9309.3 14

15 FA156401101 Employers’ social contributions 1639.2 1721.0 1773.9 1839.9 1874.7 1951.1 2055.9 2123.1 15

16 FA896240001 Taxes on production and imports, receivable 1136.1 1188.7 1240.8 1275.2 1311.8 1364.0 1444.8 1491.4 16

17 FA366402015 Subsidies paid -58.0 -59.7 -58.1 -57.2 -61.7 -59.9 -63.3 -73.9 17

18 FA896150105 Property income (received) 6538.2 6573.8 6842.6 7025.2 7145.2 7687.0 8567.8 8237.7 18

19 FA896130101 Interest 3280.8 3115.9 3204.2 3322.4 3439.6 3682.5 3990.0 4257.4 19

20 FA896120105 Distributed income of corporations 2917.4 3087.8 3277.6 3367.0 3377.1 3604.2 4816.8 3772.1 20

21 FA896121101 Dividends 1414.8 1523.9 1649.3 1753.4 1759.3 1896.9 3025.6 1903.5 21

22 FA156122101 Withdrawals from income of quasi-corporations 1502.7 1563.9 1628.3 1613.6 1617.7 1707.4 1791.2 1868.6 22

23 FA893092201 Reinvested earnings on U.S. direct investment abroad 317.2 348.2 337.9 318.0 312.7 382.9 -258.1 187.9 23

24 FA896112101 Rents on land and natural resources 22.7 21.9 22.9 17.9 15.8 17.3 19.3 20.3 24

25 FA896150005 Less: Uses of property income (paid) 6297.3 6333.7 6591.0 6794.7 6902.1 7384.1 8272.7 7956.0 25

26 FA896130001 Interest 3445.2 3274.6 3357.4 3487.1 3616.5 3876.9 4207.3 4481.2 26

27 FA896120005 Distributed income of corporations 2737.5 2949.4 3116.0 3204.2 3191.4 3387.6 3900.7 3307.1 27

28 FA896121001 Dividends 1234.9 1385.5 1487.7 1590.6 1573.6 1680.2 2109.6 1438.4 28

29 FA896122001 Withdrawals from income of quasi-corporations 1502.7 1563.9 1628.3 1613.6 1617.7 1707.4 1791.2 1868.6 29

30 FA893192201 Reinvested earnings on foreign direct investment 91.8 87.8 94.6 85.6 78.5 102.4 145.4 147.5 30

31 FA896112001 Rents on land and natural resources 22.7 21.9 22.9 17.9 15.8 17.3 19.3 20.3 31

32 FA896140001 Net national income/Balance of primary incomes, net 14093.1 14491.3 15239.9 15784.6 16082.7 16853.9 17689.6 18269.1 32

33 FA896220001 Plus: Current taxes on income, wealth, etc. (received) 1851.6 2046.8 2201.1 2347.5 2347.2 2370.8 2382.6 2517.4 33

34 FA896220005 Less: Current taxes on income, wealth, etc. (paid) 1844.1 2039.0 2191.6 2336.2 2334.0 2358.0 2368.2 2501.6 34

35 FA896404105 Plus: Social benefits (received) 3277.7 3495.4 3657.4 3845.2 3961.7 4109.9 4288.5 4502.0 35

36 FA896404005 Less: Social contributions (paid) 3291.1 3509.1 3671.7 3860.3 3977.1 4126.5 4306.2 4520.8 36

37 FA896403105 Plus: Other current transfers (received) 646.6 668.6 746.6 801.9 829.8 825.2 853.8 868.1 37

38 FA896403005 Less: Other current transfers (paid) 745.9 763.1 840.9 915.5 954.5 949.7 993.6 1026.9 38

39 FA896012005 Equals: Disposable income, net 13988.1 14390.9 15140.9 15667.1 15955.7 16725.6 17546.5 18107.1 39

40 FA896901001 Less: Final consumption expenditures 13522.8 13849.2 14388.2 14905.1 15430.8 16083.1 16884.6 17539.7 40

41 FA896006001 Equals: Net saving 465.3 541.7 752.8 762.0 524.9 642.5 661.9 567.5 41

 Addendum:

42 FA896902505 Gross value added (line 1) 16436.8 16941.8 17813.9 18475.6 18837.3 19674.4 20669.9 21420.4 42

43 FA087005995 Plus statistical discrepancy (NIPA) -239.8 -156.9 -286.6 -237.3 -92.2 -131.4 -58.0 12.8 43

44 FA086902005 Equals: GDP (NIPA, expenditure approach) 16197.0 16784.9 17527.3 18238.3 18745.1 19543.0 20611.9 21433.2 44

45 FA086902203 Average of GDP and GDI 16316.9 16863.3 17670.6 18357.0 18791.2 19608.7 20640.9 21426.8 45

46 FA087005086 Statistical discrepancy as a percentage of GDP -1.48 -0.94 -1.64 -1.30 -0.49 -0.67 -0.28 0.06 46
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 1 FA896902505 Gross value added 16436.8 16941.8 17813.9 18475.6 18837.3 19674.4 20669.9 21420.4 1

 2 FA156902505 Households and nonprofit institutions serving households 2018.4 2075.0 2158.8 2255.9 2349.4 2447.3 2569.5 2686.3 2

 3 FA116902505 Nonfinancial noncorporate business 2977.1 3085.5 3255.2 3338.1 3364.5 3546.4 3729.4 3891.9 3

 4 FA106902501 Nonfinancial corporate business 8059.5 8374.5 8787.3 9129.2 9222.7 9635.8 10100.8 10458.2 4

 5 FA796902505 Financial business 1199.9 1169.7 1316.2 1388.4 1489.8 1570.9 1693.6 1717.1 5

 6 FA316902505 Federal government 719.0 711.0 723.1 737.3 749.5 768.8 796.2 820.0 6

 7 FA216902505 State and local government 1463.0 1526.1 1573.5 1626.7 1661.3 1705.2 1780.4 1846.8 7

 8 FA896006001 Net saving 465.3 541.7 752.8 762.0 524.9 642.5 661.9 567.5 8

 9 FA156006005 Households and nonprofit institutions serving households 1106.6 799.7 971.0 1038.7 975.0 1071.0 1237.3 1231.2 9

10 FA106012095 Nonfinancial corporate business 575.8 641.9 589.1 529.1 429.3 495.4 506.5 468.0 10

11 FA796012095 Financial business 138.4 -2.9 28.0 -29.8 28.9 37.4 63.4 122.9 11

12 FA316006085 Federal government -1072.7 -631.8 -597.4 -560.2 -669.1 -722.4 -931.7 -1047.0 12

13 FA216006095 State and local government -282.8 -265.3 -237.9 -215.8 -239.2 -238.8 -213.7 -207.7 13

 Net capital transfers

14 FA155440005 Households and nonprofit institutions serving households -4.8 20.0 9.3 21.5 14.7 -15.0 9.5 15.4 14

15 FA115440005 Nonfinancial noncorporate business -4.9 -0.0 0.0 0.0 0.0 -9.4 -3.0 0.0 15

16 FA105440005 Nonfinancial corporate business -17.0 -5.7 -6.7 -3.2 2.6 191.5 -6.2 -1.1 16

17 FA795440005 Financial business 9.6 0.0 10.0 0.0 1.8 102.7 16.9 0.0 17

18 FA315440005 Federal government 90.9 64.3 64.9 59.9 60.5 -181.9 59.5 66.1 18

19 FA215440005 State and local government -74.4 -71.6 -70.6 -69.8 -72.6 -71.9 -72.2 -73.8 19

20 FA265440005 Rest of the world 0.6 -7.0 -6.9 -8.4 -7.0 -16.0 -4.5 -6.6 20

21 FA885019005 Gross fixed capital formation 3171.6 3321.9 3562.8 3723.0 3798.4 3999.1 4279.0 4454.9 21

22 FA155019005 Households and nonprofit institutions serving households 524.8 592.0 633.6 706.6 767.7 821.8 866.8 878.0 22

23 FA115019085 Nonfinancial noncorporate business 289.8 320.0 354.1 362.8 374.8 393.0 415.3 431.4 23

24 FA105019085 Nonfinancial corporate business 1542.8 1606.5 1753.8 1789.5 1759.7 1864.3 2020.4 2104.6 24

25 FA795013005 Financial business (nonresidential) 193.2 203.0 218.7 241.5 257.8 255.6 272.6 288.0 25

26 FA315019001 Federal government 287.3 269.6 263.8 266.6 268.1 278.7 295.9 321.9 26

27 FA215019001 State and local government 333.7 330.8 338.8 356.0 370.4 385.6 407.9 431.0 27

28 FA886300095 Consumption of fixed capital 2576.0 2681.2 2815.0 2911.4 2986.6 3112.9 3265.0 3420.9 28

29 FA156300003 Households and nonprofit institutions serving households 412.0 437.8 467.3 485.4 508.9 537.8 574.0 599.0 29

30 FA116300001 Nonfinancial noncorporate business 267.3 277.2 291.6 302.2 309.9 321.8 336.3 349.8 30

31 FA106300003 Nonfinancial corporate business 1230.6 1279.7 1349.2 1401.7 1429.3 1489.3 1557.1 1639.2 31

32 FA796300081 Financial business (nonresidential) 172.5 181.8 190.3 199.2 210.3 220.7 231.5 244.6 32

33 FA316300001 Federal government 261.6 265.9 270.2 271.5 271.8 277.0 285.8 294.8 33

34 FA216300001 State and local government 232.0 238.8 246.3 251.4 256.5 266.2 280.3 293.5 34

35 FA145020005 Change in inventories 71.2 104.5 84.0 136.8 28.4 16.3 57.7 49.1 35

36 FA115020005 Nonfinancial noncorporate business -2.3 21.4 9.6 19.9 0.5 -0.7 4.4 -1.5 36

37 FA105020005 Nonfinancial corporate business 73.5 83.1 74.3 116.9 27.8 17.1 53.4 50.5 37

38 FA885000985 Net lending (+) or net borrowing (-) (capital account) -201.0 -210.5 -85.8 -194.7 -322.3 -276.1 -414.4 -522.3 38

39 FA155000905 Households and nonprofit institutions serving households 1007.8 634.8 804.9 806.5 712.5 814.0 948.2 950.5 39

40 FA115000905 Nonfinancial noncorporate business -15.2 -64.2 -72.1 -80.5 -65.4 -61.1 -80.4 -80.2 40

41 FA105000905 Nonfinancial corporate business 206.7 236.4 115.3 -1.8 61.1 -88.3 -1.8 -46.4 41

42 FA795000995 Financial business 108.1 -24.0 -10.4 -72.0 -20.5 -100.2 5.5 79.5 42

43 FA315000995 Federal government -1187.3 -697.3 -653.2 -584.4 -717.0 -540.0 -1000.6 -1137.4 43

44 FA215000995 State and local government -321.1 -296.0 -270.3 -262.4 -293.0 -300.5 -285.3 -288.3 44

 Addendum:

45 FA087005995 Statistical discrepancy (NIPA) -239.8 -156.9 -286.6 -237.3 -92.2 -131.4 -58.0 12.8 45

46 FA265000905 Rest of the world 440.8 367.4 372.5 432.0 414.5 407.5 472.4 509.5 46

47 FA885000005 Net lending (+) or net borrowing (-) (financial account) -671.2 125.2 -158.5 398.2 -344.0 587.8 5.3 492.1 47

48 FA155000005 Households and nonprofit institutions serving households 1223.8 691.1 1230.5 1087.5 385.6 776.1 1049.9 1495.8 48

49 FA115000005 Nonfinancial noncorporate business -15.2 -64.2 -72.1 -80.5 -65.4 -61.1 -80.4 -80.2 49

50 FA105000005 Nonfinancial corporate business -393.9 114.6 -320.0 -95.1 155.1 263.4 9.6 412.6 50

51 FA795000005 Financial business -47.3 135.0 -45.7 154.4 6.3 256.3 154.1 49.8 51

52 FA315000005 Federal government -1169.7 -508.4 -732.8 -518.8 -676.1 -479.1 -972.6 -1110.9 52

53 FA215000005 State and local government -268.9 -243.0 -218.3 -149.2 -149.5 -167.8 -155.2 -275.0 53

 Addendum:

54 FA265000005 Rest of the world 468.7 342.6 240.6 331.7 404.6 329.3 309.0 216.8 54

 Total other volume changes

55 FV158090185 Households and nonprofit institutions serving households 315.2 1321.2 870.1 508.9 69.2 253.9 366.3 1333.4 55

56 FV118090105 Nonfinancial noncorporate business -0.0 -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 56

57 FV108090105 Nonfinancial corporate business -608.8 -166.5 -451.9 -201.6 -75.7 341.9 446.3 494.7 57

58 FV798090185 Financial business 294.4 122.7 -233.3 278.7 205.4 -60.3 273.2 -397.0 58

59 FV318090185 Federal government -0.6 180.6 -51.4 122.5 80.3 -120.2 54.2 194.0 59

60 FV218090185 State and local government 113.6 -710.4 -62.4 15.0 58.9 86.3 93.7 79.9 60

61 FV268090185 Rest of the world 39.3 40.6 -193.3 -90.1 -85.3 -93.8 213.7 -314.2 61

 Holding gains/losses

62 FR158200095 Households and nonprofit institutions serving households 3598.9 6578.5 4262.2 1442.0 4103.3 7414.1 -797.5 9979.0 62

63 FR118200005 Nonfinancial noncorporate business -4.9 -0.0 0.0 0.0 0.0 -9.4 -3.0 -0.0 63

64 FR108200005 Nonfinancial corporate business -1628.6 -4475.8 -2171.2 1239.5 -1638.5 -3894.6 2219.7 -7613.3 64

65 FR798200005 Financial business -517.3 -1701.1 2.3 -331.1 -707.0 -586.7 165.1 -263.3 65

66 FR318200005 Federal government 35.0 74.2 48.5 6.0 67.9 90.2 101.1 54.9 66

67 FR218200005 State and local government 527.4 785.7 331.8 -23.8 381.8 842.7 270.8 925.1 67

68 FR265000005 Rest of the world -455.7 361.0 1415.1 128.2 415.0 -854.6 1227.5 1066.0 68
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 Change in net worth

69 FC152090005 Households and nonprofit institutions serving households 5025.5 8679.4 6094.0 2968.2 5132.8 8754.0 796.6 12528.2 69

70 FC112090095 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 70

71 FC102090095 Nonfinancial corporate business -1644.6 -3994.6 -2027.3 1570.2 -1287.5 -3248.8 3178.8 -6649.4 71

72 FC792090095 Financial business -94.1 -1581.2 -213.1 -82.1 -474.5 -712.3 484.9 -537.4 72

73 FC312090095 Federal government -1129.2 -441.2 -665.2 -491.7 -581.5 -570.5 -835.9 -864.2 73

74 FC212090095 State and local government 432.5 -118.4 102.1 -154.8 274.1 762.1 223.0 871.0 74

75 FC262090095 Rest of the world 24.4 769.0 1594.2 470.1 744.1 -540.9 1913.6 1261.3 75

 Net worth

76 FL152090005 Households and nonprofit institutions serving households 72925.1 81604.5 87698.5 90666.7 95799.5 104553.5 105350.0 117878.2 76

77 FL112090095 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 77

78 FL102090095 Nonfinancial corporate business -4533.1 -8527.8 -10555.1 -8984.9 -10272.5 -13521.3 -10342.5 -16991.9 78

79 FL792090095 Financial business 846.2 -735.1 -948.1 -1030.3 -1504.8 -2217.1 -1732.2 -2269.5 79

80 FL312090095 Federal government -10551.5 -10992.7 -11657.9 -12149.6 -12731.1 -13301.6 -14137.5 -15001.7 80

81 FL212090095 State and local government 5220.5 5102.1 5204.3 5049.5 5323.6 6085.7 6308.7 7179.7 81

82 FL262090095 Rest of the world 4315.5 5084.5 6678.7 7148.8 7892.9 7352.0 9265.7 10527.0 82
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 Current account

 1 FA156902505 Gross value added 2018.4 2075.0 2158.8 2255.9 2349.4 2447.3 2569.5 2686.3 1

 2 FA156300003 Less: Consumption of fixed capital 412.0 437.8 467.3 485.4 508.9 537.8 574.0 599.0 2

 3 FA156902605 Equals: Net value added 1606.4 1637.2 1691.5 1770.5 1840.5 1909.5 1995.5 2087.3 3

 4 FA156025005 Compensation paid by households and NPISHs 758.8 780.0 812.2 852.7 888.5 919.0 964.3 1007.4 4

 5 FA156020001 Wages and salaries 624.5 641.7 669.4 704.9 730.6 760.6 796.0 832.2 5

 6 FA156401001 Employers’ social contributions 134.3 138.3 142.8 147.8 157.9 158.4 168.3 175.2 6

 7 FA156240101 Taxes on production and imports less subsidies 155.2 159.0 165.7 171.3 178.3 185.1 191.5 196.9 7

 8 FA156402101 Operating surplus, net 692.4 698.2 713.5 746.5 773.8 805.4 839.7 883.0 8

 9 FA156140005 Net national income/Balance of primary incomes, net 12374.7 12645.2 13369.1 13985.6 14352.6 15096.1 15905.7 16487.8 9

10 FA156402101 Operating surplus, net 692.4 698.2 713.5 746.5 773.8 805.4 839.7 883.0 10

11 FA156025105 Compensation of employees (received) 8566.7 8834.2 9249.1 9699.4 9963.9 10422.5 10950.1 11432.4 11

12 FA156020101 Wages and salaries 6927.5 7113.2 7475.2 7859.5 8089.1 8471.5 8894.2 9309.3 12

13 FA156401101 Employers’ social contributions 1639.2 1721.0 1773.9 1839.9 1874.7 1951.1 2055.9 2123.1 13

14 FA156150105 Property income (received) 3669.7 3631.6 3932.0 4087.2 4170.9 4447.2 4739.2 4838.0 14

15 FA156130101 Interest 1331.9 1274.4 1350.6 1440.6 1475.7 1579.0 1643.0 1678.9 15

16 FA156120105 Distributed income of corporations 2337.8 2357.2 2581.5 2646.6 2695.2 2868.2 3096.2 3159.1 16

17 FA156121101 Dividends 835.1 793.3 953.2 1033.1 1077.4 1160.8 1305.1 1290.4 17

18 FA156122101 Withdrawals from income of quasi-corporations (1) 1502.7 1563.9 1628.3 1613.6 1617.7 1707.4 1791.2 1868.6 18

19 FA156130001 Less: Uses of property income (interest paid) 554.1 518.9 525.6 547.6 555.9 579.1 623.3 665.6 19

20 FA156140005 Net national income/Balance of primary incomes, net 12374.7 12645.2 13369.1 13985.6 14352.6 15096.1 15905.7 16487.8 20

21 FA156220001 Less: Current taxes on income, wealth, etc. (paid) 1509.5 1676.4 1784.6 1939.9 1957.9 2046.7 2085.3 2202.9 21

22 FA156404105 Plus: Social benefits (received) 2322.6 2385.9 2498.6 2635.1 2717.1 2806.2 2922.9 3078.0 22

23 FA156600001 Less: Social contributions (paid) 950.5 1104.3 1153.6 1204.7 1239.1 1298.4 1360.4 1418.8 23

24 FA156403101 Plus: Other current transfers (received) 40.4 38.4 42.9 50.3 59.7 48.8 47.4 47.2 24

25 FA156403001 Less: Other current transfers (paid) 164.3 172.0 178.8 190.1 187.4 194.7 199.7 215.5 25

26 FA156012095 Equals: Disposable income, net 12113.4 12116.9 12793.7 13336.2 13745.0 14411.3 15230.6 15775.8 26

27 FA156901001 Less: Final consumption expenditures 11006.8 11317.2 11822.8 12297.5 12770.0 13340.4 13993.3 14544.6 27

28 FA156006005 Equals: Net saving 1106.6 799.7 971.0 1038.7 975.0 1071.0 1237.3 1231.2 28

 Capital account

29 FA156006315 Net saving less capital transfers 1111.4 779.7 961.6 1017.2 960.4 1086.0 1227.8 1215.8 29

30 FA156006005 Net saving 1106.6 799.7 971.0 1038.7 975.0 1071.0 1237.3 1231.2 30

31 FA155440005 Less: Capital transfers paid (net) -4.8 20.0 9.3 21.5 14.7 -15.0 9.5 15.4 31

32 FA155050905 Capital formation, net 103.6 144.9 156.7 210.8 247.9 272.0 279.6 265.4 32

33 FA155019005 Gross fixed capital formation, excluding consumer durables 524.8 592.0 633.6 706.6 767.7 821.8 866.8 878.0 33

34 FA155012005 Residential 358.0 423.9 463.9 523.8 577.6 631.4 663.5 668.4 34

35 FA165013005 Nonresidential (nonprofit organizations) 166.7 168.0 169.7 182.8 190.1 190.5 203.3 209.6 35

36 FA156300003 Less: Consumption of fixed capital 412.0 437.8 467.3 485.4 508.9 537.8 574.0 599.0 36

37 FA155420003 Acquisition of nonproduced nonfinancial assets -9.1 -9.3 -9.5 -10.4 -11.0 -12.0 -13.2 -13.6 37

38 FA155000905 Net lending (+) or borrowing (-), capital account (lines 29-32) 1007.8 634.8 804.9 806.5 712.5 814.0 948.2 950.5 38

 Financial account

39 FA155000905 Net lending (+) or borrowing (-) (line 38) 1007.8 634.8 804.9 806.5 712.5 814.0 948.2 950.5 39

40 FA154090005 Net acquisition of financial assets 1306.5 999.6 1424.8 1419.2 836.2 1349.3 1549.9 2026.8 40

41 FA154000005 Currency and deposits 489.2 387.0 483.2 598.8 590.9 381.3 344.7 490.7 41

42 FA153020005 Currency and transferable deposits 125.6 193.9 -5.2 105.9 -78.7 177.4 -86.3 -38.9 42

43 FA153030005 Time and savings deposits 371.4 190.5 494.8 506.7 675.1 191.0 428.2 530.6 43

44 FA153091003 Foreign deposits -7.9 2.6 -6.4 -13.8 -5.6 12.9 2.9 -1.0 44

45 FA313131003 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 FA154022005 Debt securities 57.9 -736.7 -54.4 215.3 -105.8 -115.3 839.8 346.1 46

47 FA153061105 Treasury securities 143.6 -161.2 -187.9 314.5 100.8 -69.2 594.0 219.8 47

48 FA153061705 Agency- and GSE-backed securities (2) -66.9 -158.4 120.7 181.0 -96.1 35.3 171.1 108.7 48

49 FA153062005 Municipal securities -112.8 -42.2 -51.0 -39.3 11.4 -38.4 -10.5 -56.3 49

50 FA153063005 Corporate and foreign bonds 94.0 -374.9 63.7 -240.9 -121.9 -43.0 85.3 73.9 50

51 FA154023005 Loans 18.6 66.0 61.7 -75.7 -5.3 -70.3 -16.3 33.2 51

52 FA154041005 Short term 31.5 69.5 69.9 -60.9 -0.1 -67.3 -10.5 35.7 52

53 FA153065005 Long term (mortgages) -12.9 -3.5 -8.2 -14.8 -5.2 -3.1 -5.8 -2.5 53

54 FA153081005 Equity and investment fund shares 216.4 676.9 501.1 187.0 -66.1 589.6 -14.5 688.4 54

55 FA153064105 Corporate equities -134.9 300.5 236.9 -26.9 73.9 129.3 -182.3 -134.1 55

56 FA153064205 Mutual fund shares 329.5 231.4 219.4 97.5 54.3 308.7 19.1 387.1 56

57 FA153034005 Money market fund shares 5.1 2.0 -23.9 -16.9 7.3 59.4 181.1 420.4 57

58 FA152090205 Equity in noncorporate business 20.2 144.7 68.7 133.2 -201.6 92.2 -32.4 14.9 58

59 FA153094305 Equity investment under Public-Private Inv. Program (3) -3.4 -1.8 0.0 0.0 0.0 0.0 0.0 0.0 59
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

60 FA153052005 Insurance, pension and standardized guarantee schemes 515.5 600.8 405.7 493.6 419.3 552.8 389.6 460.7 60

61 FA153076005 Insurance receivables due from property-casualty insurance companies -7.7 32.3 -4.3 26.3 31.1 31.6 17.9 12.0 61

62 FA153040005 Life insurance reserves -14.4 20.9 49.8 47.2 41.8 19.0 49.4 16.7 62

63 FA153050005 Pension entitlements (4) 519.5 524.7 338.0 407.1 320.8 479.6 288.0 402.2 63

64 FA153095105 Non-life insurance reserves at life insurance companies 4.6 10.7 11.9 5.6 12.8 13.1 20.3 15.4 64

65 FA313195105 Retiree Health Care Funds 13.3 12.2 10.4 7.4 12.9 9.6 13.9 14.4 65

66 FA163096005 Other accounts receivable 9.0 5.6 27.5 0.2 3.2 11.2 6.7 7.6 66

67 FA154190005 Net incurrence of liabilities 82.7 308.5 194.3 331.7 450.6 573.1 500.1 530.9 67

68 FA163162003 Debt securities (municipals) -14.1 -13.6 -6.6 -8.2 -3.1 1.4 -2.5 -3.3 68

69 FA154123005 Loans 89.0 324.6 173.0 319.0 445.8 563.5 491.5 524.7 69

70 FA154141005 Short term 187.2 327.5 171.2 189.0 235.7 261.4 187.6 221.4 70

71 FA153166000 Consumer credit 158.7 177.6 219.1 233.5 236.2 194.3 172.7 185.5 71

72 FA153168005 Depository institution loans n.e.c. -6.7 10.2 19.8 31.5 10.6 7.9 39.9 10.9 72

73 FA153169005 Other loans and advances 35.2 139.7 -67.7 -76.0 -11.2 59.2 -24.9 24.9 73

74 FA153165005 Long term (mortgages) -98.3 -2.9 1.8 129.9 210.1 302.2 303.8 303.2 74

75 FA543077073 Insurance, pension and standardized guarantee schemes 0.6 3.0 1.2 1.7 -0.3 1.8 1.9 1.5 75

76 FA163170005 Other accounts payable (trade debt) 7.2 -5.6 26.7 19.2 8.2 6.4 9.1 8.1 76

 Addendum:

77 FA155000005 Net lending (+) or borrowing (-), financial account (lines 40-67) 1223.8 691.1 1230.5 1087.5 385.6 776.1 1049.9 1495.8 77

 Other changes in volume account

78 FV158090185 Total other volume changes 315.2 1321.2 870.1 508.9 69.2 253.9 366.3 1333.4 78

79 FU155111005 Net investment in consumer durable goods 127.0 147.0 180.4 209.9 222.0 245.0 269.2 270.6 79

80 FV152010005 Disaster losses -20.9 0.0 0.0 0.0 0.0 -55.2 -29.7 0.0 80

81 FV158090085 Other volume changes -6.9 1117.9 264.2 18.0 174.1 102.1 25.1 517.5 81

82 FU157005045 Less: Statistical discrepancy (lines 38-77) (5) -216.0 -56.3 -425.6 -281.0 326.9 37.9 -101.7 -545.4 82

 Revaluation account

83 FR152010085 Nonfinancial assets 426.5 1861.0 1313.4 1514.4 1611.4 1821.4 1484.6 1500.1 83

84 FR155035005 Real estate 473.7 1956.7 1415.9 1581.2 1687.4 1916.5 1531.9 1543.0 84

85 FR165015205 Equipment -3.8 -3.7 -2.7 -2.7 -2.7 -1.3 -0.9 -2.8 85

86 FR165013765 Intellectual property products 0.8 3.0 0.8 -1.9 1.6 3.2 3.3 2.0 86

87 FR155111005 Consumer durable goods -44.2 -94.9 -100.6 -62.2 -74.9 -97.0 -49.7 -42.1 87

88 FR158080095 Financial assets 3172.4 4717.5 2948.8 -72.4 2491.8 5592.7 -2282.1 8478.9 88

89 FR154022005 Debt securities 142.9 -360.9 212.9 -104.2 -29.7 68.3 -118.8 268.3 89

90 FR153064105 Corporate equities 1419.4 2474.7 1520.0 -148.2 1221.9 2642.2 -1490.1 4381.4 90

91 FR153064205 Mutual fund shares 535.8 817.8 246.9 -202.1 293.8 1039.5 -670.9 1504.9 91

92 FR152090205 Equity in noncorporate business 530.8 829.9 582.2 539.6 541.3 794.4 517.0 767.3 92

93 FR153094305 Equity investment under Public-Private Inv. Program -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 93

94 FR153052045 Insurance, pension and standardized guarantee schemes 543.5 956.2 386.9 -157.5 464.5 1048.4 -519.3 1557.0 94

95 FR158200095 Changes in net worth due to nominal holding gains/losses 3598.9 6578.5 4262.2 1442.0 4103.3 7414.1 -797.5 9979.0 95

 Changes in balance sheet account

96 FC152090005 Change in net worth (lines 32+38+78+95) 5025.5 8679.4 6094.0 2968.2 5132.8 8754.0 796.6 12528.2 96

 Balance sheet account (end of period)

97 FL152000005 Total assets 86819.7 95719.4 101962.7 105119.2 110672.6 119974.0 121255.6 134298.9 97

98 LM152010005 Nonfinancial assets 25848.8 28000.1 29648.2 31580.8 33658.3 35938.6 37937.2 39962.9 98

99 LM155035005 Real estate 20660.4 22729.0 24272.4 26032.5 27936.3 30044.1 31792.9 33563.2 99

100 LM155111005 Consumer durable goods 4727.5 4779.6 4859.3 5007.0 5154.1 5302.1 5521.7 5750.1 100

101 LM165015205 Equipment 326.9 346.1 364.1 383.8 402.0 417.5 438.6 457.0 101

102 LM165013765 Intellectual property products 134.0 145.4 152.4 157.5 165.9 174.9 184.1 192.5 102

103 FL154090005 Financial assets 60970.9 67719.3 72314.5 73538.4 77014.3 84035.4 83318.4 94336.1 103

104 FL154000005 Currency and deposits 8094.6 8481.6 9027.7 9641.8 10222.0 10567.9 10912.0 11415.5 104

105 FL153020005 Currency and transferable deposits 910.9 1104.8 1099.6 1207.1 1117.5 1295.0 1208.7 1180.3 105

106 LM153091003 Foreign deposits 49.5 52.1 45.7 31.9 26.3 39.1 42.0 41.0 106

107 FL153030005 Time and savings deposits 7134.2 7324.8 7882.4 8402.8 9078.2 9233.8 9661.4 10194.2 107

108 FL313131003 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 108
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

109 LM154022005 Debt securities 5704.5 4535.1 4732.0 4629.9 4406.2 4391.1 5079.5 5653.1 109

110 LM153061105 Treasury securities 1077.7 833.4 710.9 1009.0 1084.4 1094.2 1647.6 1963.3 110

111 LM153061705 Agency- and GSE-backed securities (2) 339.9 196.9 307.7 491.2 396.8 436.3 593.5 698.5 111

112 LM153062005 Municipal securities 2026.2 1848.9 1948.1 1911.7 1887.9 1897.8 1868.0 1901.4 112

113 LM153063005 Corporate and foreign bonds 2260.7 1656.0 1765.4 1218.0 1037.0 962.8 970.5 1089.9 113

114 FL154023005 Loans 1016.9 1082.9 1144.6 1068.9 1063.6 993.3 976.9 1010.1 114

115 FL154041005 Short term 891.7 961.2 1031.1 970.2 970.1 902.8 892.3 928.1 115

116 FL153065005 Long term (mortgages) 125.2 121.7 113.5 98.7 93.5 90.4 84.6 82.1 116

117 FL153081005 Equity and investment fund shares 23894.8 28698.7 31551.7 31932.9 34067.3 39109.4 37438.7 45240.2 117

118 LM153064105 Corporate equities 9408.2 12183.4 13940.3 13765.2 15202.6 17974.1 16301.7 20860.6 118

119 LM153064205 Mutual fund shares 5549.7 6598.8 7065.1 6960.6 7308.6 8656.9 8005.0 10044.1 119

120 FL153034005 Money market fund shares 1589.9 1591.9 1568.0 1551.1 1558.5 1617.9 1799.0 2219.4 120

121 LM152090205 Equity in noncorporate business 7345.3 8324.6 8978.4 9656.0 9997.5 10860.6 11332.9 12116.2 121

122 LM153094305 Equity investment under Public-Private Inv. Program (3) 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 122

123 FL153052005 Insurance, pension and standardized guarantee schemes 22052.6 24707.6 25617.8 26023.8 27011.1 28718.3 28649.2 30747.5 123

124 FL153076005 Insurance receivables due from property-casualty insurance companies 457.1 489.4 485.1 511.4 542.4 574.0 591.9 603.9 124

125 FL153040005 Life insurance reserves 1352.6 1407.8 1472.1 1510.9 1568.1 1626.6 1659.1 1731.3 125

126 FL153050005 Pension entitlements (4) 19730.3 22275.0 23102.8 23430.8 24304.2 25898.8 25745.0 27729.3 126

127 FL153095105 Non-life insurance reserves at life insurance companies 277.9 288.6 300.4 306.0 318.8 331.8 352.2 367.6 127

128 FL313195105 Retiree Health Care Funds 234.8 246.9 257.3 264.7 277.6 287.1 301.0 315.4 128

129 FL163096005 Other accounts receivable 207.6 213.2 240.7 241.0 244.2 255.4 262.1 269.7 129

130 FL152100005 Total liabilities and net worth 86819.7 95719.4 101962.7 105119.2 110672.6 119974.0 121255.6 134298.9 130

131 FL154190005 Liabilities 13894.6 14114.9 14264.2 14452.5 14873.1 15420.5 15905.6 16420.7 131

132 FL163162003 Debt securities (municipals) 247.5 234.0 227.4 219.2 216.1 217.5 215.1 211.8 132

133 FL154123005 Loans 13320.3 13556.8 13684.8 13860.4 14276.2 14814.0 15290.5 15799.3 133

134 FL154141005 Short term 3570.5 3898.1 4069.2 4128.7 4364.4 4625.8 4817.0 5038.5 134

135 FL153166000 Consumer credit 2912.9 3090.5 3309.5 3400.2 3636.4 3830.8 4007.0 4192.6 135

136 FL153168005 Depository institution loans n.e.c. 205.7 216.0 235.8 280.6 291.3 299.1 339.0 350.0 136

137 FL153169005 Other loans and advances 451.9 591.6 523.9 447.9 436.7 495.9 471.0 495.9 137

138 FL153165005 Long term (mortgages) 9749.8 9658.7 9615.6 9731.6 9911.8 10188.2 10473.4 10760.8 138

139 FL543077073 Insurance, pension and standardized guarantee schemes 25.7 28.7 29.9 31.6 31.3 33.1 35.0 36.5 139

140 FL163170005 Other accounts payable (trade debt) 301.0 295.4 322.1 341.3 349.5 355.9 365.0 373.1 140

141 FL152090005 Net worth 72925.1 81604.5 87698.5 90666.7 95799.5 104553.5 105350.0 117878.2 141

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.

(3) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).

(4) Includes variable annuities, including those in IRAs, at life insurance companies.

(5) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
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2012 2013 2014 2015 2016 2017 2018 2019

 

 Current account

 1 FA116902505 Gross value added 2977.1 3085.5 3255.2 3338.1 3364.5 3546.4 3729.4 3891.9 1

 2 FA116300001 Less: Consumption of fixed capital 267.3 277.2 291.6 302.2 309.9 321.8 336.3 349.8 2

 3 FA116902605 Equals: Net value added 2709.8 2808.3 2963.6 3035.9 3054.6 3224.7 3393.0 3542.1 3

 4 FA116025001 Compensation of employees (paid) 874.4 905.9 949.3 1002.2 1035.7 1086.7 1143.2 1199.5 4

 5 FA116020001 Wages and salaries 737.3 758.9 800.2 847.2 877.0 920.3 967.0 1016.6 5

 6 FA116401005 Employers’ social contributions 137.1 147.0 149.0 155.0 158.7 166.4 176.2 183.0 6

 7 FA116240101 Taxes on production and imports less subsidies 171.2 170.7 186.0 206.8 209.8 224.3 234.5 237.2 7

 8 FA116402105 Operating surplus, net 1664.2 1731.7 1828.2 1827.0 1809.1 1913.7 2015.3 2105.4 8

 9 FA116140001 Net national income/Balance of primary incomes, net 24.4 24.4 26.1 23.0 19.0 27.3 24.8 21.3 9

10 FA116402105 Operating surplus, net 1664.2 1731.7 1828.2 1827.0 1809.1 1913.7 2015.3 2105.4 10

11 FA116130101 Property income (interest received) 19.0 18.1 24.4 24.6 19.7 21.4 23.6 24.4 11

12 FA116150005 Less: Uses of property income (paid) 1658.7 1725.4 1826.6 1828.5 1809.8 1907.7 2014.0 2108.6 12

13 FA116130001 Interest 226.6 215.6 221.0 228.7 238.9 259.3 262.8 279.9 13

14 FA116122001 Withdrawals from income of quasi-corporations (2) 1431.9 1509.6 1605.4 1599.6 1570.6 1648.2 1750.4 1827.8 14

15 FA113192281 Reinvested earnings on foreign direct investment 0.2 0.2 0.2 0.2 0.3 0.3 0.8 0.9 15

16 FA116112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 FA116140001 Net national income/Balance of primary incomes, net 24.4 24.4 26.1 23.0 19.0 27.3 24.8 21.3 17

18 FA116403001 Less: Other current transfers (paid) 24.4 24.4 26.1 23.0 19.0 27.3 24.8 21.3 18

19 FA116012005 Equals: Disposable income, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 FA116012005 Equals: Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Capital account

21 FA116006305 Net saving less capital transfers 4.9 0.0 -0.0 0.0 0.0 9.4 3.0 0.0 21

22 FA116012005 Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 FA115440005 Less: Capital transfers paid (net) -4.9 -0.0 0.0 0.0 0.0 -9.4 -3.0 0.0 23

24 FA115050985 Capital formation, net 20.2 64.2 72.1 80.5 65.4 70.5 83.4 80.2 24

25 FA115019085 Gross fixed capital formation 289.8 320.0 354.1 362.8 374.8 393.0 415.3 431.4 25

26 FA115013085 Nonresidential 221.2 240.3 265.1 261.0 262.1 273.7 290.5 303.1 26

27 FA115012005 Residential 68.5 79.7 89.0 101.8 112.7 119.3 124.9 128.3 27

28 FA116300001 Less: Consumption of fixed capital 267.3 277.2 291.6 302.2 309.9 321.8 336.3 349.8 28

29 FA115020005 Change in private inventories -2.3 21.4 9.6 19.9 0.5 -0.7 4.4 -1.5 29

30 FA115000905 Net lending (+) or borrowing (-), capital account (lines 21-24) -15.2 -64.2 -72.1 -80.5 -65.4 -61.1 -80.4 -80.2 30

 Financial account

31 FA115000905 Net lending (+) or borrowing (-) (line 30) -15.2 -64.2 -72.1 -80.5 -65.4 -61.1 -80.4 -80.2 31

32 FA114090005 Net acquisition of financial assets 244.4 266.8 372.5 310.6 383.9 613.7 309.1 331.6 32

33 FA114000005 Currency and deposits 69.5 23.4 85.1 18.6 73.0 117.9 59.3 79.1 33

34 FA113020005 Currency and transferable deposits 19.4 -8.1 69.4 7.4 24.8 26.8 11.5 20.5 34

35 FA113030003 Time and savings deposits 50.1 31.5 15.7 11.3 48.2 91.1 47.8 58.6 35

36 FA114022005 Debt securities 4.8 4.4 -0.4 6.0 2.8 6.9 1.9 1.0 36

37 FA113061003 Treasury securities 4.8 5.7 0.2 5.7 2.0 6.1 2.2 0.9 37

38 FA113062003 Municipal securities -0.0 -1.4 -0.7 0.3 0.9 0.8 -0.3 0.1 38

39 FA114023005 Loans -2.4 1.0 -0.4 7.1 -2.0 8.4 1.0 2.7 39

40 FA113066003 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 FA113065005 Long term (mortgages) -2.4 1.0 -0.4 7.1 -2.0 8.4 1.0 2.7 41

42 FA113081005 Equity and investment fund shares 3.2 2.6 3.7 3.0 3.3 11.7 4.9 6.1 42

43 FA113034003 Money market fund shares 3.0 2.0 2.9 2.5 2.6 9.1 4.8 5.8 43

44 FA113092405 Equity in government-sponsored enterprises (3) 0.2 0.6 0.7 0.5 0.7 2.6 0.2 0.3 44

45 FA113076005 Insurance, pension and standardized guarantee schemes (4) 15.7 -26.2 12.7 -10.2 -3.0 4.1 -1.3 10.0 45

46 FA113096005 Other accounts receivable 153.7 261.5 271.9 286.1 309.7 464.8 243.2 232.7 46

47 FA113070003 Trade receivables 6.5 47.3 21.4 -3.6 76.7 55.0 49.6 47.7 47

48 FA113072003 PPP subsidies receivable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

49 FA113093005 Other (miscellaneous assets) 147.2 214.3 250.5 289.6 232.9 409.7 193.6 185.0 49

50 FA114194005 Net incurrence of liabilities 259.6 331.0 444.7 391.1 449.3 674.8 389.4 411.8 50

51 FA114135005 Loans 175.9 109.5 285.1 251.9 389.4 464.4 294.9 269.4 51

52 FA114141005 Short term 73.9 28.0 96.4 70.3 119.1 132.6 86.3 23.9 52

53 FA113168005 Depository institution loans n.e.c. 63.5 21.6 86.2 64.1 119.1 128.9 77.9 16.0 53

54 FA113169005 Other loans and advances 10.4 6.5 10.2 6.2 -0.0 3.7 8.4 7.8 54

55 FA114142005 Long term 102.0 81.5 188.6 181.5 270.3 331.8 208.7 245.5 55

56 FA113165005 Mortgages 102.0 81.4 188.2 181.1 269.3 331.7 206.7 248.4 56

57 FA115114305 Foreign direct investment in the U.S.: debt -0.0 0.1 0.4 0.4 1.0 0.1 2.0 -2.9 57
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58 FA113181005 Equity and investment fund shares 10.6 142.1 65.8 129.4 -217.2 93.6 -22.9 12.4 58

59 FA112090205 Equity in noncorporate business 9.8 141.8 64.4 127.9 -218.9 91.3 -42.0 9.7 59

60 FA115114103 Foreign direct investment in the U.S.: equity 0.8 0.3 1.4 1.5 1.7 2.3 19.0 2.7 60

61 FA113196005 Other accounts payable 73.2 79.3 93.8 9.8 277.1 116.8 117.4 130.1 61

62 FA113170005 Trade payables 13.8 34.3 9.0 -16.0 65.8 7.8 5.4 42.9 62

63 FA113178003 Taxes payable 7.6 3.2 6.8 5.2 10.0 4.6 18.5 8.4 63

64 FA113193003 Other (miscellaneous liabilities) 51.8 41.8 77.9 20.7 201.4 104.4 93.6 78.7 64

 Addendum:

65 FA115000005 Net lending (+) or borrowing (-), financial account (lines 32-50) -15.2 -64.2 -72.1 -80.5 -65.4 -61.1 -80.4 -80.2 65

 Other changes in volume account

66 FV118090105 Total other volume changes -0.0 -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 66

67 FV112010005 Disaster losses -8.6 0.0 0.0 0.0 0.0 -25.2 -13.4 0.0 67

68 FV118090085 Other volume changes 8.6 -0.0 0.0 -0.0 0.0 25.2 13.4 0.0 68

 Revaluation account

69 FR112010005 Nonfinancial assets 526.4 836.0 581.8 541.7 548.0 788.0 521.4 737.9 69

70 FR115035005 Real estate 505.7 834.9 562.1 579.7 537.2 736.6 482.0 716.3 70

71 FR115035023 Residential 217.6 401.0 311.3 360.3 368.7 455.2 426.9 399.0 71

72 FR115035035 Nonresidential 288.2 433.9 250.8 219.4 168.5 281.4 55.2 317.3 72

73 FR115015205 Equipment 20.4 11.7 13.9 12.0 19.3 35.9 37.2 19.4 73

74 FR115012265 Residential -0.3 -2.2 -2.9 -1.9 -2.5 -1.4 3.3 -2.5 74

75 FR115013265 Nonresidential 20.7 13.9 16.8 13.9 21.8 37.3 33.9 21.9 75

76 FR115013765 Intellectual property products 0.9 4.7 1.8 -0.1 2.8 5.2 4.3 4.0 76

77 FR115020005 Inventories -0.5 -15.2 4.0 -49.9 -11.2 10.3 -2.1 -1.8 77

78 FR114022005 Financial assets (debt securities) -0.6 -3.8 2.1 -1.0 -1.0 0.1 -1.2 3.2 78

79 FR114190085 Liabilities 530.7 832.2 584.0 540.7 547.1 797.5 523.3 741.2 79

80 FR115114305 Direct investment in the U.S.: debt -0.1 0.0 -0.0 0.0 -0.1 -0.1 0.1 0.2 80

81 FR112090205 Equity in noncorporate business 530.8 829.9 582.2 539.6 541.3 794.4 517.0 767.3 81

82 FR115114103 Direct investment in the U.S.: equity 0.0 2.3 1.8 1.1 5.9 3.2 6.2 -26.4 82

83 FR118200005 Changes in net worth due to nominal holding gains/losses -4.9 -0.0 0.0 0.0 0.0 -9.4 -3.0 -0.0 83

 Changes in balance sheet account

84 FC112090095 Change in net worth (lines 24+30+66+83) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 84

 Balance sheet account (end of period)

85 FL112000005 Total assets 13195.1 14358.2 15386.8 16318.6 17314.9 18762.0 19661.3 20814.3 85

86 LM112010005 Nonfinancial assets 9601.3 10501.5 11155.5 11777.7 12391.1 13224.4 13815.8 14633.9 86

87 LM115035005 Real estate 8396.8 9253.3 9852.2 10483.9 11084.8 11877.7 12416.4 13201.1 87

88 LM115035023 Residential (5) 4639.6 5040.0 5355.8 5729.6 6118.8 6573.5 7009.2 7430.1 88

89 LM115035035 Nonresidential 3757.3 4213.2 4496.4 4754.4 4966.0 5304.2 5407.2 5771.0 89

90 LM115015205 Equipment 731.8 757.1 788.2 799.7 809.5 827.8 863.5 884.2 90

91 LM115012265 Residential 47.4 47.4 47.0 47.9 48.5 50.3 56.5 56.7 91

92 LM115013265 Nonresidential 684.4 709.7 741.2 751.8 761.0 777.5 807.0 827.5 92

93 LM115013765 Intellectual property products 201.7 214.0 224.4 233.3 246.7 259.1 273.9 289.9 93

94 LM115020005 Inventories 270.9 277.1 290.7 260.8 250.1 259.7 262.0 258.7 94

95 FL114090005 Financial assets 3593.8 3856.7 4231.4 4540.9 4923.9 5537.6 5845.6 6180.4 95

96 FL114000005 Currency and deposits 988.1 1011.5 1096.6 1115.2 1188.3 1306.1 1365.4 1444.5 96

97 FL113020005 Currency and transferable deposits 185.8 177.7 247.1 254.5 279.3 306.0 317.5 338.0 97

98 FL113030003 Time and savings deposits 802.3 833.8 849.5 860.8 909.0 1000.1 1047.9 1106.5 98

99 LM114022005 Debt securities 59.0 59.5 61.2 66.2 68.1 75.1 75.8 80.0 99

100 LM113061003 Treasury securities 52.9 55.2 57.2 61.9 63.0 69.0 70.2 74.1 100

101 LM113062003 Municipal securities 6.1 4.4 4.0 4.3 5.1 6.0 5.6 5.9 101

102 FL114023005 Loans 33.9 34.8 34.5 41.5 39.5 48.0 49.0 51.7 102

103 FL113066003 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103

104 FL113065005 Long term (mortgages) 33.9 34.8 34.5 41.5 39.5 48.0 49.0 51.7 104

105 FL113081005 Equity and investment fund shares 87.8 90.5 94.1 97.1 100.5 112.1 117.0 123.2 105

106 FL113034003 Money market fund shares 80.7 82.7 85.6 88.1 90.7 99.8 104.6 110.4 106

107 FL113092405 Equity in government-sponsored enterprises (3) 7.2 7.8 8.5 9.0 9.8 12.3 12.5 12.8 107

108 FL113076005 Insurance, pension and standardized guarantee schemes (4) 142.9 116.7 129.4 119.3 116.3 120.4 119.0 129.0 108
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2012 2013 2014 2015 2016 2017 2018 2019

 

109 FL113096005 Other accounts receivable 2282.1 2543.6 2815.5 3101.6 3411.3 3876.0 4119.3 4351.9 109

110 FL113070003 Trade receivables 606.1 653.4 674.7 671.2 747.9 802.9 852.6 900.3 110

111 FL113072003 PPP subsidies receivable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 111

112 FL113093005 Other (miscellaneous assets) 1676.0 1890.3 2140.8 2430.4 2663.3 3073.1 3266.7 3451.7 112

113 FL112100005 Total liabilities and net worth 13195.1 14358.2 15386.8 16318.6 17314.9 18762.0 19661.3 20814.3 113

114 FL114194005 Liabilities 13195.1 14358.2 15386.8 16318.6 17314.9 18762.0 19661.3 20814.3 114

115 FL114135005 Loans 4061.4 4166.1 4448.3 4695.3 5082.7 5545.4 5839.2 6107.9 115

116 FL114141005 Short term 1152.9 1180.9 1277.4 1345.7 1464.8 1597.4 1683.6 1707.5 116

117 FL113168005 Depository institution loans n.e.c. 967.4 989.0 1075.2 1139.3 1258.4 1387.3 1465.2 1481.2 117

118 FL113169005 Other loans and advances 185.5 191.9 202.2 206.4 206.3 210.0 218.4 226.3 118

119 FL114142005 Long term 2908.5 2985.2 3170.9 3349.6 3617.9 3948.0 4155.6 4400.4 119

120 FL113165005 Mortgages 2907.5 2984.1 3169.4 3347.8 3615.2 3945.3 4150.7 4398.2 120

121 FL115114305 Foreign direct investment in the U.S.: debt 1.0 1.1 1.5 1.9 2.7 2.7 4.9 2.2 121

122 LM113181005 Equity and investment fund shares 7314.2 8293.3 8946.0 9620.9 9952.7 10820.3 11308.4 12062.6 122

123 LM112090205 Equity in noncorporate business 7307.4 8283.8 8933.3 9605.6 9929.8 10791.9 11254.7 12032.7 123

124 LM115114103 Foreign direct investment in the U.S.: equity 6.8 9.5 12.7 15.3 22.9 28.5 53.7 30.0 124

125 FL113196005 Other accounts payable 1819.5 1898.8 1992.6 2002.4 2279.5 2396.3 2513.7 2643.8 125

126 FL113170005 Trade payables 492.4 526.8 535.7 519.7 585.5 593.3 598.6 641.5 126

127 FL113178003 Taxes payable 107.4 110.5 117.4 122.5 132.5 137.2 155.6 164.0 127

128 FL113193003 Other (miscellaneous liabilities) 1219.7 1261.5 1339.4 1360.1 1561.5 1665.9 1759.5 1838.2 128

129 FL112090095 Net worth 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 129

(1) Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(2) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(3) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(4) Net equity in reserves of property-casualty insurance companies.

(5) Farm houses are included in the household sector.
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2012 2013 2014 2015 2016 2017 2018 2019

 

 Current account

 1 FA106902501 Gross value added 8059.5 8374.5 8787.3 9129.2 9222.7 9635.8 10100.8 10458.2 1

 2 FA106300003 Less: Consumption of fixed capital 1230.6 1279.7 1349.2 1401.7 1429.3 1489.3 1557.1 1639.2 2

 3 FA106902605 Equals: Net value added 6828.9 7094.8 7438.0 7727.5 7793.4 8146.5 8543.6 8819.0 3

 4 FA106025005 Compensation of employees (paid) 4608.3 4768.1 5026.2 5292.6 5429.6 5703.9 6018.3 6300.9 4

 5 FA106020001 Wages and salaries 3839.2 3968.6 4197.2 4430.6 4558.8 4784.9 5046.1 5294.9 5

 6 FA106401001 Employers’ social contributions 769.1 799.5 829.0 862.0 870.8 919.0 972.2 1006.0 6

 7 FA106240101 Taxes on production and imports less subsidies 695.1 742.0 767.6 772.8 787.3 825.3 873.6 914.7 7

 8 FA106402101 Operating surplus, net 1525.5 1584.7 1644.2 1662.2 1576.6 1617.3 1651.8 1603.5 8

 9 FA106140005 Net national income/Balance of primary incomes, net 903.3 989.7 960.2 907.8 759.8 805.6 786.4 757.5 9

10 FA106402101 Operating surplus, net 1525.5 1584.7 1644.2 1662.2 1576.6 1617.3 1651.8 1603.5 10

11 FA106150105 Property income (received) 533.1 542.2 538.4 544.2 522.4 596.3 897.6 359.1 11

12 FA106130101 Interest 164.2 152.4 149.0 152.0 153.2 166.9 206.8 242.2 12

13 FA106121101 Distributed income of corporations (dividends) 106.9 100.6 102.9 124.9 102.4 102.0 911.1 -43.0 13

14 FA103092201 Reinvested earnings on U.S. direct investment abroad 262.0 289.2 286.4 267.4 266.7 327.3 -220.3 159.9 14

15 FA106150005 Less: Uses of property income (paid) 1155.2 1137.1 1222.4 1298.6 1339.2 1407.9 1763.0 1205.1 15

16 FA106130001 Interest 432.7 410.7 420.1 443.1 465.3 481.4 449.6 465.2 16

17 FA106121001 Distributed income of corporations (dividends) 624.8 632.5 700.5 766.0 793.1 822.8 1170.9 593.6 17

18 FA103192201 Reinvested earnings on foreign direct investment 75.0 72.1 78.9 71.6 65.0 86.4 123.2 126.0 18

19 FA106112001 Rent 22.7 21.9 22.9 17.9 15.8 17.3 19.3 20.3 19

20 FA106140005 Net national income/Balance of primary incomes, net 903.3 989.7 960.2 907.8 759.8 805.6 786.4 757.5 20

21 FA106220001 Less: Current taxes on income, wealth, etc. (paid) 245.4 263.5 290.7 283.2 261.9 224.2 196.4 212.4 21

22 FA106403001 Less: Other current transfers (paid) 82.1 84.3 80.4 95.5 68.6 86.1 83.4 77.1 22

23 FA106012095 Equals: Disposable income, net 575.8 641.9 589.1 529.1 429.3 495.4 506.5 468.0 23

24 FA106012095 Equals: Net saving 575.8 641.9 589.1 529.1 429.3 495.4 506.5 468.0 24

 Capital account

25 FA106006385 Net saving less capital transfers 592.8 647.6 595.8 532.3 426.6 303.9 512.7 469.2 25

26 FA106012095 Net saving 575.8 641.9 589.1 529.1 429.3 495.4 506.5 468.0 26

27 FA105440005 Less: Capital transfers paid (net) -17.0 -5.7 -6.7 -3.2 2.6 191.5 -6.2 -1.1 27

28 FA105050985 Capital formation, net 386.0 411.3 480.5 534.2 365.5 392.2 514.5 515.5 28

 Gross fixed capital formation (acquisition of

29 FA105019085 produced nonfinancial assets) 1542.8 1606.5 1753.8 1789.5 1759.7 1864.3 2020.4 2104.6 29

30 FA106300003 Less: Consumption of fixed capital 1230.6 1279.7 1349.2 1401.7 1429.3 1489.3 1557.1 1639.2 30

31 FA105420095 Acquisition of nonproduced nonfinancial assets 0.2 1.4 1.6 29.5 7.3 0.1 -2.1 -0.4 31

32 FA105020005 Change in private inventories 73.5 83.1 74.3 116.9 27.8 17.1 53.4 50.5 32

33 FA105000905 Net lending (+) or borrowing (-), capital account (lines 25-28) 206.7 236.4 115.3 -1.8 61.1 -88.3 -1.8 -46.4 33

 Financial account

34 FA105000905 Net lending (+) or borrowing (-) (line 33) 206.7 236.4 115.3 -1.8 61.1 -88.3 -1.8 -46.4 34

35 FA104090005 Net acquisition of financial assets 307.0 707.7 673.4 1140.0 951.7 547.8 870.2 2388.6 35

36 FA104000005 Currency and deposits 54.6 149.8 19.9 41.3 175.3 95.1 133.6 189.2 36

37 FA103020000 Currency and transferable deposits 39.8 42.1 116.8 49.4 154.1 -16.2 238.0 150.2 37

38 FA103030003 Time and savings deposits 13.7 39.2 -87.6 10.9 17.5 -7.7 5.8 14.3 38

39 FA103091003 Foreign deposits 1.1 68.6 -9.3 -19.0 3.7 119.0 -110.3 24.7 39

40 FA104022005 Debt securities -15.8 -3.9 25.7 3.7 -4.1 28.8 19.1 69.3 40

41 FA103069100 Open market paper -11.5 -5.6 25.1 7.8 -6.9 -8.8 38.4 55.4 41

42 FA103061103 Treasury securities -2.8 1.7 1.6 -3.8 4.2 30.1 -15.6 6.7 42

43 FA103061703 Agency- and GSE-backed securities (2) -1.3 0.3 0.6 -1.3 1.3 10.0 -5.5 2.4 43

44 FA103062003 Municipal securities -0.2 -0.2 -1.6 1.0 -2.7 -2.5 1.7 4.8 44

45 FA104035005 Loans 7.4 -6.2 29.9 26.3 -13.4 -83.0 18.6 -46.5 45

46 FA104041005 Short term -5.4 -1.7 27.4 13.6 26.8 -52.7 -24.7 -1.9 46

47 FA104042005 Long term 12.8 -4.4 2.5 12.7 -40.2 -30.3 43.3 -44.6 47

48 FA103081005 Equity and investment fund shares 264.1 360.7 415.9 261.4 208.7 309.8 -279.5 231.5 48

49 FA103034000 Money market fund shares -10.9 30.6 21.9 19.0 -112.5 35.6 -33.4 92.2 49

50 FA103064103 Corporate equities -26.3 10.7 37.3 -42.1 66.9 -89.9 -40.7 10.2 50

51 FA103064203 Mutual fund shares -5.8 2.5 24.0 12.2 -5.4 8.0 -9.0 5.3 51

52 FA103092105 U.S. direct investment abroad: equity 303.2 302.8 316.8 270.0 272.7 343.2 -199.0 124.3 52

53 FA103092405 Equity in government-sponsored enterprises (2) 0.0 0.0 0.1 0.1 0.1 0.3 0.1 0.1 53

54 FA103094105 Investment in finance company subsidiaries 3.9 14.1 15.8 2.2 -13.1 12.5 2.5 -0.6 54

55 FA103076005 Insurance, pension and standardized guarantee schemes (3) 7.8 -5.9 10.2 2.3 6.6 13.9 11.4 15.0 55
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56 FA103096005 Other accounts receivable -11.0 213.3 171.9 805.0 578.7 183.2 967.0 1930.1 56

57 FA103070005 Trade receivables 55.4 271.8 104.1 33.4 198.8 163.4 396.3 540.5 57

58 FA103072005 PPP subsidies receivable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

59 FA103093005 Other (miscellaneous assets) -66.4 -58.5 67.8 771.6 379.9 19.8 570.7 1389.6 59

60 FA104194005 Net incurrence of liabilities 700.9 593.1 993.4 1235.1 796.6 284.4 860.7 1976.0 60

61 FA104122005 Debt securities 380.4 271.6 321.2 410.3 291.1 324.5 133.9 269.7 61

62 FA103169100 Open market paper 14.0 14.2 37.5 -3.0 1.8 25.9 -10.2 -1.9 62

63 FA103162000 Municipal securities 12.1 1.1 -0.5 13.1 17.8 13.3 -4.3 14.1 63

64 FA103163003 Corporate bonds 354.3 256.3 284.2 400.2 271.5 285.3 148.4 257.6 64

65 FA104135005 Loans 27.2 160.3 220.1 227.3 117.2 32.2 134.4 230.6 65

66 FA104141005 Short term 120.9 140.5 182.5 95.4 -27.1 65.5 114.4 158.7 66

67 FA103168005 Depository institution loans n.e.c. 101.0 53.6 100.1 103.0 -4.9 -52.2 103.4 30.8 67

68 FA103169005 Other loans and advances 19.9 86.9 82.4 -7.5 -22.2 117.7 10.9 128.0 68

69 FA104142005 Long term -93.7 19.8 37.5 131.9 144.3 -33.4 20.0 71.9 69

70 FA103165005 Mortgages -96.6 7.9 -17.7 91.8 6.2 -33.7 84.6 45.9 70

71 FA103192305 Foreign direct investment in the U.S.: debt 2.8 12.0 55.2 40.1 138.1 0.4 -64.6 26.0 71

72 FA103181005 Equity and investment fund shares -113.0 -101.5 -171.7 -77.9 -223.0 -44.5 -368.3 -226.5 72

73 FA103164103 Corporate equities -300.0 -277.3 -301.9 -453.5 -495.9 -325.6 -617.5 -454.0 73

74 FA103192105 Foreign direct investment in the U.S.: equity 187.0 175.8 130.2 375.6 272.8 281.1 249.2 227.6 74

75 FA103152025 Insurance, pension and standardized guarantee schemes -1.5 123.4 39.4 74.6 64.8 -47.8 45.5 -14.6 75

76 FA573074005 Pension fund contributions payable -12.3 -2.5 -2.9 15.2 8.8 19.2 -34.6 -0.9 76

77 FA573073005 Claim of pension fund on sponsor 10.8 125.9 42.2 59.5 55.9 -67.0 80.1 -13.8 77

78 FA103196005 Other accounts payable 407.8 139.3 584.5 600.7 546.5 20.0 915.2 1716.8 78

79 FA103170005 Trade payables 68.1 100.5 148.5 24.3 184.2 81.3 320.7 230.1 79

80 FA103178005 Taxes payable 1.4 -9.9 12.2 -21.2 -8.1 211.1 -10.6 -6.8 80

81 FA103193005 Miscellaneous liabilities 338.4 48.7 423.7 597.6 370.4 -272.4 605.1 1493.4 81

 Addendum:

82 FA105000005 Net lending (+) or borrowing (-), financial account (lines 35-60) -393.9 114.6 -320.0 -95.1 155.1 263.4 9.6 412.6 82

 Other changes in volume account

83 FV108090105 Total other volume changes -608.8 -166.5 -451.9 -201.6 -75.7 341.9 446.3 494.7 83

84 FV102010005 Disaster losses -6.9 0.0 0.0 0.0 0.0 -19.7 -5.5 0.0 84

85 FV108090085 Other volume changes -12.7 -30.4 -14.6 -52.1 -170.3 -42.9 385.8 30.4 85

86 FU107005045 Less: Statistical discrepancy (lines 33-82) (4) 600.6 121.7 435.2 93.3 -94.0 -351.7 -11.3 -459.0 86

87 FU105020601 Less: Inventory valuation adjustment -11.4 14.4 2.1 56.3 -0.7 -52.7 -54.7 -5.3 87

 Revaluation account

88 FR102010005 Nonfinancial assets 460.9 1193.3 663.0 677.6 553.6 954.8 248.2 1056.6 88

89 FR105035005 Real estate 414.4 1166.3 668.7 788.8 507.2 821.2 115.2 1011.6 89

90 FR105015205 Equipment 19.3 -23.5 -13.3 -60.7 -23.9 33.9 58.2 8.6 90

91 FR105013765 Intellectual property products 13.9 44.4 20.2 -10.2 28.9 56.1 49.7 42.2 91

92 FR105020015 Inventories 13.5 6.0 -12.7 -40.2 41.4 43.7 25.1 -5.8 92

93 FR108080095 Financial assets 145.3 332.8 168.5 -18.8 158.6 363.7 -142.7 573.0 93

94 FR104022005 Debt securities 0.2 -4.3 3.3 -0.6 -0.8 0.5 -1.9 4.1 94

95 FR103092305 Direct investment abroad: debt 23.3 -23.0 48.7 3.9 -15.2 9.1 -3.2 -5.7 95

96 FR103064103 Corporate equities 125.9 309.0 156.7 -11.7 146.1 326.2 -118.7 517.7 96

97 FR103064203 Mutual fund shares 19.2 28.1 8.6 -6.5 13.3 36.9 -22.1 51.2 97

98 FR103092105 Direct investment abroad: equity 268.7 683.4 -355.5 -372.6 25.7 956.5 -1123.3 1004.1 98

99 FR103093005 Other accounts receivable (miscellaneous assets) -292.0 -660.3 306.8 368.7 -10.5 -965.6 1126.5 -998.4 99

100 FR104190085 Liabilities 2234.9 6001.8 3002.8 -580.7 2350.7 5213.1 -2114.3 9242.8 100

101 FR103192305 Foreign direct investment in the U.S.: debt -24.8 -0.2 -8.3 1.9 -38.8 -7.8 19.3 23.7 101

102 FR103164103 Corporate equity 2044.5 5270.1 2756.6 -402.9 2035.2 4420.1 -1586.4 7590.8 102

103 FR103192105 Foreign direct investment in the U.S.: equity 189.8 731.7 246.2 -177.8 315.5 793.0 -527.9 1652.1 103

104 FR103152025 Insurance, pension and standardized guarantee schemes -179.9 -326.1 -152.9 43.6 -142.3 -270.1 152.1 -445.4 104

105 FR103193005 Other accounts payable (miscellaneous liabilities) 205.2 326.4 161.2 -45.5 181.1 277.9 -171.4 421.7 105

106 FR108200005 Changes in net worth due to nominal holding gains/losses -1628.6 -4475.8 -2171.2 1239.5 -1638.5 -3894.6 2219.7 -7613.3 106

 Changes in balance sheet account

107 FC102090095 Change in net worth (lines 28+33+83+106) (5) -1644.6 -3994.6 -2027.3 1570.2 -1287.5 -3248.8 3178.8 -6649.4 107

 Balance sheet account (end of period)

108 FL102000005 Total assets 29407.1 32007.4 33976.2 36200.8 38200.6 40449.2 42374.3 47343.8 108

109 LM102010005 Nonfinancial assets (6) 16431.9 17991.7 19118.5 20221.9 21111.4 22448.5 23246.2 24854.1 109

110 LM105035005 Real estate 8236.0 9478.8 10287.2 11199.9 11800.2 12704.8 12963.4 14173.9 110

111 LM105015205 Equipment 4191.5 4322.6 4486.1 4594.8 4696.0 4866.3 5108.3 5288.7 111
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112 LM105013765 Intellectual property products 1905.1 2016.3 2111.8 2173.4 2291.5 2440.2 2604.2 2771.0 112

113 LM105020015 Inventories 2099.3 2174.0 2233.5 2253.8 2323.7 2437.2 2570.3 2620.4 113

114 FL104090005 Financial assets 12975.2 14015.7 14857.7 15978.9 17089.1 18000.6 19128.1 22489.7 114

115 FL104000005 Currency and deposits 868.3 1018.1 1038.0 1079.2 1254.5 1349.6 1483.1 1672.3 115

116 FL103020000 Currency and transferable deposits 605.6 647.7 764.4 813.8 967.9 951.7 1189.7 1339.9 116

117 FL103030003 Time and savings deposits 209.1 248.2 160.7 171.6 189.0 181.3 187.2 201.5 117

118 FL103091003 Foreign deposits 53.6 122.2 112.9 93.9 97.6 216.6 106.3 131.0 118

119 LM104022005 Debt securities 187.6 179.4 208.4 211.6 206.7 236.0 253.2 326.6 119

120 FL103069100 Open market paper 112.1 106.5 131.6 139.4 132.5 123.7 162.1 217.6 120

121 LM103061103 Treasury securities 39.4 38.8 41.7 37.4 41.2 71.3 54.4 63.6 121

122 LM103061703 Agency- and GSE-backed securities (2) 13.1 12.9 13.9 12.5 13.7 23.8 18.1 21.2 122

123 LM103062003 Municipal securities 22.9 21.2 21.2 22.3 19.3 17.2 18.5 24.2 123

124 FL104035005 Loans 285.8 256.6 335.2 365.4 336.8 262.9 278.3 226.1 124

125 FL104041005 Short term 62.5 60.8 88.1 101.7 128.5 75.8 51.1 49.2 125

126 FL102051003 Security repurchases 18.3 22.6 50.4 64.6 90.3 39.6 14.6 13.4 126

127 FL103066005 Consumer credit 44.2 38.1 37.7 37.1 38.2 36.2 36.5 35.8 127

128 FL104042005 Long term 223.3 195.9 247.1 263.7 208.3 187.1 227.2 176.9 128

129 FL103065003 Mortgages 25.5 27.1 29.0 52.6 29.8 32.2 34.2 36.4 129

130 FL103092305 U.S. direct investment abroad: debt 197.8 168.8 218.1 211.1 178.5 154.9 193.0 140.4 130

131 FL103081005 Equity and investment fund shares 5928.6 7309.7 7535.3 7406.3 7800.0 9429.4 7885.9 9690.3 131

132 FL103034000 Money market fund shares 504.9 535.5 557.4 576.4 463.8 499.5 466.1 558.3 132

133 LM103064103 Corporate equities 1040.1 1359.8 1553.8 1499.9 1712.9 1949.3 1789.9 2317.7 133

134 LM103064203 Mutual fund shares 179.3 209.8 242.4 248.2 256.0 301.0 269.9 326.4 134

135 LM103092105 U.S. direct investment abroad: equity 4124.9 5111.1 5072.3 4969.7 5268.1 6567.8 5245.6 6374.0 135

136 FL103092405 Equity in government-sponsored enterprises (2) 0.6 0.6 0.7 0.8 0.9 1.2 1.2 1.3 136

137 FL103094105 Investment in finance company subsidiaries 78.9 93.0 108.8 111.3 98.2 110.7 113.2 112.5 137

138 FL103076005 Insurance, pension and standardized guarantee schemes (3) 338.5 332.6 342.8 345.1 351.7 365.6 377.0 392.0 138

139 FL103096005 Other accounts receivable 5366.3 4919.2 5397.9 6571.3 7139.5 6357.1 8850.6 10182.3 139

140 FL103070005 Trade receivables 2344.8 2616.6 2720.8 2754.2 2953.0 3116.4 3512.7 4053.2 140

141 FL103072005 PPP subsidies receivable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 141

142 FL103093005 Other (miscellaneous assets) 3021.4 2302.6 2677.1 3817.1 4186.4 3240.7 5337.9 6129.1 142

143 FL102100085 Total liabilities and net worth 29407.1 32007.4 33976.2 36200.8 38200.6 40449.2 42374.3 47343.8 143

144 FL104194005 Liabilities 33940.2 40535.2 44531.3 45185.7 48473.0 53970.5 52716.8 64335.7 144

145 FL104122005 Debt securities 4551.3 4822.9 5144.1 5554.3 5845.4 6169.9 6303.8 6573.5 145

146 FL103169100 Open market paper 130.3 144.5 182.0 179.0 180.8 206.7 196.5 194.5 146

147 FL103162000 Municipal securities 523.0 524.1 523.6 536.7 554.5 567.8 563.5 577.6 147

148 FL103163003 Corporate bonds 3897.9 4154.2 4438.4 4838.6 5110.1 5395.4 5543.8 5801.4 148

149 FL104135005 Loans 2609.7 2758.4 2970.6 3164.5 3098.4 3260.6 3740.7 3996.9 149

150 FL104141005 Short term 1722.9 1851.9 2034.4 2088.1 2061.0 2264.4 2712.8 2871.5 150

151 FL103168005 Depository institution loans n.e.c. 711.9 765.5 865.5 956.7 951.8 899.6 1003.0 1033.8 151

152 FL103169005 Other loans and advances 1011.0 1086.5 1168.9 1131.5 1109.3 1364.8 1709.7 1837.7 152

153 FL104142005 Long term 886.8 906.4 936.3 1076.3 1037.3 996.2 1027.9 1125.4 153

154 FL103165005 Mortgages 479.6 487.5 470.4 568.5 570.1 536.4 613.5 661.2 154

155 LM103192305 Foreign direct investment in the U.S.: debt 407.2 419.0 465.9 507.9 467.2 459.8 414.5 464.2 155

156 FL103181005 Equity and investment fund shares 19318.4 25218.8 28049.8 27391.3 29659.0 34827.5 32345.0 41361.3 156

157 LM103164103 Corporate equity 16522.5 21515.3 23970.0 23113.6 24653.0 28747.5 26543.6 33680.3 157

158 FL103192105 Foreign direct investment in the U.S.: equity 2795.9 3703.4 4079.8 4277.7 5006.0 6080.1 5801.4 7681.0 158

159 FL103152025 Insurance, pension and standardized guarantee schemes 459.3 671.0 580.2 700.3 682.4 446.0 674.7 259.6 159

160 FL573074005 Pension fund contributions payable 81.4 79.0 76.1 91.3 100.1 119.3 84.7 83.8 160

161 FL573073005 Claim of pension fund on sponsor 377.9 592.0 504.1 609.0 582.3 326.7 590.0 175.7 161

162 FL103196005 Other accounts payable 7001.5 7064.2 7786.6 8375.4 9187.8 9266.5 9652.7 12144.4 162

163 FL103170005 Trade payables 1830.7 1931.2 2079.8 2104.1 2288.3 2369.7 2690.4 2920.5 163

164 FL103178005 Taxes payable 93.1 83.2 95.4 74.2 66.1 277.2 266.7 259.9 164

165 FL103193005 Miscellaneous liabilities 5077.7 5049.8 5611.5 6197.1 6833.4 6619.6 6695.6 8964.0 165

166 FL102090095 Net worth -4533.1 -8527.8 -10555.1 -8984.9 -10272.5 -13521.3 -10342.5 -16991.9 166

(1) Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(3) Net equity in reserves of property-casualty insurance companies.

(4) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(5) Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Financial Accounts of the United States.

(6) Excludes nonproduced nonfinancial assets.
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 Current account

 1 FA796902505 Gross value added 1199.9 1169.7 1316.2 1388.4 1489.8 1570.9 1693.6 1717.1 1

 2 FA796300081 Less: Consumption of fixed capital 172.5 181.8 190.3 199.2 210.3 220.7 231.5 244.6 2

 3 FA796902605 Equals: Net value added 1027.4 987.9 1125.9 1189.2 1279.5 1350.2 1462.1 1472.5 3

 4 FA796025005 Compensation of employees (paid) 630.1 641.3 681.1 715.7 734.2 787.5 818.4 850.5 4

 5 FA796020001 Wages and salaries 536.8 545.4 582.1 611.2 625.5 668.5 693.0 726.9 5

 6 FA796401001 Employers’ social contributions 93.3 95.9 99.0 104.5 108.7 119.0 125.4 123.6 6

 7 FA796240101 Taxes on production and imports less subsidies 56.6 57.2 63.3 67.2 74.7 69.4 81.8 68.8 7

 8 FA796402101 Operating surplus, net 340.8 289.4 381.5 406.3 470.6 493.3 561.9 553.2 8

 9 FA796140005 Net national income/Balance of primary incomes, net 208.8 80.8 159.1 112.3 217.6 160.4 201.6 263.9 9

10 FA796402101 Operating surplus, net 340.8 289.4 381.5 406.3 470.6 493.3 561.9 553.2 10

11 FA796150105 Property income (received) 2093.6 2056.4 2091.7 2127.0 2206.7 2392.2 2690.2 2808.1 11

12 FA796130101 Interest 1679.1 1583.0 1590.0 1612.8 1693.2 1812.1 2003.6 2194.6 12

13 FA796121101 Distributed income of corporations (dividends) 359.2 414.3 450.3 463.5 467.5 524.4 724.4 585.7 13

14 FA793092281 Reinvested earnings on U.S. direct investment abroad 55.2 59.1 51.4 50.6 46.0 55.6 -37.8 27.9 14

15 FA796150005 Less: Uses of property income (paid) 2225.5 2264.9 2314.1 2421.0 2459.7 2725.0 3050.5 3097.4 15

16 FA796130001 Interest 1528.1 1442.1 1488.4 1568.8 1618.9 1792.7 2049.8 2191.1 16

17 FA796120005 Distributed income of corporations 680.7 807.2 810.1 838.6 827.6 916.6 979.4 885.7 17

18 FA796121001 Dividends 610.0 753.0 787.2 824.6 780.5 857.5 938.6 844.9 18

19 FA796122001 Withdrawals from income of quasi-corporations (2) 70.7 54.2 22.9 14.0 47.1 59.2 40.8 40.8 19

20 FA793192281 Reinvested earnings on foreign direct investment 16.6 15.6 15.6 13.7 13.2 15.7 21.4 20.6 20

21 FA796112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA796140005 Net national income/Balance of primary incomes, net 208.8 80.8 159.1 112.3 217.6 160.4 201.6 263.9 22

23 FA796220001 Less: Current taxes on income, wealth, etc. (paid) 89.2 99.1 116.3 113.1 114.3 87.1 86.4 86.3 23

24 FA796403005 Less: Other current transfers (paid) -18.8 -15.4 14.8 29.0 74.4 35.9 51.7 54.6 24

25 FA796012095 Equals: Disposable income, net 138.4 -2.9 28.0 -29.8 28.9 37.4 63.4 122.9 25

26 FA796012095 Equals: Net saving 138.4 -2.9 28.0 -29.8 28.9 37.4 63.4 122.9 26

 Capital account

27 FA796006385 Net saving less capital transfers 128.8 -2.9 18.0 -29.8 27.1 -65.3 46.6 122.9 27

28 FA796012095 Net saving 138.4 -2.9 28.0 -29.8 28.9 37.4 63.4 122.9 28

29 FA795440005 Less: Capital transfers paid (net) 9.6 0.0 10.0 0.0 1.8 102.7 16.9 0.0 29

30 FA795015085 Capital formation, net 20.7 21.2 28.4 42.3 47.5 34.9 41.1 43.4 30

31 FA795013005 Gross fixed capital formation (nonresidential) 193.2 203.0 218.7 241.5 257.8 255.6 272.6 288.0 31

32 FA796300081 Less: Consumption of fixed capital 172.5 181.8 190.3 199.2 210.3 220.7 231.5 244.6 32

33 FA795000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 108.1 -24.0 -10.4 -72.0 -20.5 -100.2 5.5 79.5 33

 Financial account

34 FA795000995 Net lending (+) or borrowing (-) (line 33) 108.1 -24.0 -10.4 -72.0 -20.5 -100.2 5.5 79.5 34

35 FA794090005 Net acquisition of financial assets 2222.1 2993.3 2623.7 1431.0 2283.4 2891.7 1682.2 3343.3 35

36 FA713011203 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 FA794000005 Currency and deposits -17.0 783.8 164.0 -535.4 -459.2 291.4 -476.0 145.7 37

38 FA794022005 Debt securities 1099.7 1405.8 894.7 611.2 1203.0 868.2 982.5 1143.1 38

39 FA793069175 Open market paper 5.4 9.7 -43.3 9.0 -87.2 92.5 0.6 -11.0 39

40 FA793061105 Treasury securities 412.0 545.2 612.1 348.5 771.4 154.1 722.8 672.1 40

41 FA793061705 Agency- and GSE-backed securities (3) 193.9 456.4 86.1 20.2 341.5 253.2 -21.5 147.3 41

42 FA793062005 Municipal securities 116.5 -26.9 7.7 47.8 29.2 46.9 -47.6 68.6 42

43 FA793063005 Corporate and foreign bonds 371.9 421.4 232.1 185.8 147.9 321.5 328.2 266.2 43

44 FA794035005 Loans 454.6 67.4 783.1 819.3 893.0 1325.6 1197.1 1375.6 44

45 FA794041005 Short term 522.0 -15.3 590.5 444.2 394.3 748.3 613.1 785.2 45

46 FA794042005 Long term -67.3 82.7 192.6 375.1 498.7 577.3 584.1 590.5 46

47 FA793081005 Equity and investment fund shares 532.1 178.9 244.4 361.1 218.6 37.3 -170.4 24.5 47

48 FA793064105 Corporate equities 42.4 -26.4 -4.4 235.3 -169.7 80.5 -136.2 -103.0 48

49 FA793064205 Mutual fund shares -17.9 128.9 25.9 -13.9 -82.2 -32.1 -103.4 -132.6 49

50 FA793034005 Money market fund shares -15.3 -2.8 17.4 -13.4 100.4 12.6 22.2 56.4 50

51 FA793092405 Equity in government-sponsored enterprises (3) -2.0 -0.2 0.3 0.7 1.9 1.4 0.8 -4.0 51

52 FA793092105 U.S. direct investment abroad: equity 18.0 31.9 28.1 22.5 53.0 48.9 -19.2 49.2 52

53 FA713164003 Stock in Federal Reserve Banks 0.5 0.1 1.1 0.9 1.0 0.9 0.9 -0.6 53

54 FA793094005 Investment in subsidiaries 506.4 47.4 175.9 129.0 314.2 -75.0 64.4 159.1 54

55 FA793052005 Insurance, pension and standardized guarantee schemes 297.4 490.5 268.9 288.4 400.3 269.3 301.0 253.1 55

56 FA793096005 Other accounts receivable -144.7 67.0 268.6 -113.6 27.8 100.0 -152.0 401.2 56
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57 FA794194005 Net incurrence of liabilities 2269.4 2858.3 2669.4 1276.6 2277.1 2635.4 1528.2 3293.4 57

58 FA794100005 Currency and deposits 595.0 1785.8 938.5 237.1 459.7 792.8 494.3 865.9 58

59 FA794122005 Debt securities -134.6 40.2 142.2 162.1 374.4 339.9 359.3 442.6 59

60 FA423161705 Agency- and GSE-backed securities (3) -23.8 238.3 150.3 220.4 351.7 346.6 246.9 318.6 60

61 FA793163005 Corporate bonds -31.6 -116.9 59.6 -17.8 22.0 30.1 78.5 157.2 61

62 FA793169175 Commercial paper -79.2 -81.2 -67.7 -40.5 0.8 -36.8 33.9 -33.2 62

63 FA794135005 Loans 246.7 -212.9 184.9 31.9 18.7 58.8 -33.5 124.4 63

64 FA794141005 Short term 244.6 -226.3 165.3 10.8 50.9 40.8 20.5 153.9 64

65 FA794142005 Long term 2.1 13.3 19.6 21.1 -32.3 18.0 -54.0 -29.5 65

66 FA793181005 Equity and investment fund shares 1174.0 712.6 803.8 515.0 776.2 818.5 454.5 1234.3 66

67 FA634090005 Money market fund shares 2.2 40.2 15.7 -6.7 -11.1 117.2 189.9 596.0 67

68 FA793164105 Corporate equity issues 197.5 211.5 249.4 228.1 255.5 418.9 198.5 209.7 68

69 FA653164205 Mutual fund shares 386.6 346.9 311.5 98.9 28.8 318.4 -63.4 208.0 69

70 FA403192405 Equity in government-sponsored enterprises (3) -1.8 0.5 1.2 1.3 2.7 4.2 1.1 -3.7 70

71 FA793192105 Foreign direct investment in the U.S.: equity 23.6 35.6 14.4 49.2 99.7 18.7 76.1 60.1 71

72 FA662090003 Equity in noncorporate business 10.4 2.9 4.3 5.3 17.3 1.0 9.5 5.2 72

73 FA793194005 Investment by parent 555.0 74.8 206.3 138.1 382.3 -60.7 41.9 159.6 73

74 FA713164005 Equity in Federal Reserve Banks 0.5 0.1 1.1 0.9 1.0 0.9 0.9 -0.6 74

75 FA503194205 Equity investment in Federal Reserve facilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 75

76 FA583152005 Insurance, pension and standardized guarantee schemes 570.5 586.4 431.8 497.8 500.2 628.8 449.6 516.5 76

77 FA793196005 Other accounts payable -182.2 -53.7 168.2 -167.4 147.9 -3.5 -196.0 109.7 77

 Addendum:

78 FA795000005 Net lending (+) or borrowing (-), financial account (lines 35-57) -47.3 135.0 -45.7 154.4 6.3 256.3 154.1 49.8 78

 Other changes in volume account

79 FV798090185 Total other volume changes 294.4 122.7 -233.3 278.7 205.4 -60.3 273.2 -397.0 79

80 FV795013865 Disaster losses -2.0 0.0 0.0 0.0 0.0 -1.8 -2.4 0.0 80

81 FV798090085 Other volume changes 451.8 -36.3 -198.0 52.3 178.7 -415.0 127.1 -367.3 81

82 FU797005045 Less: Statistical discrepancy (lines 33-78) (4) 155.4 -159.1 35.3 -226.4 -26.7 -356.6 -148.6 29.7 82

 Revaluation account

83 FR795013865 Nonfinancial assets 16.6 28.6 23.0 12.9 13.3 31.3 60.1 35.3 83

84 FR795013665 Structures (nonresidential) 15.5 30.3 23.6 19.5 17.8 33.1 56.5 38.5 84

85 FR795013265 Equipment 2.7 -1.4 0.7 -3.8 -3.2 -0.4 3.9 -2.7 85

86 FR795013765 Intellectual property products -1.6 -0.2 -1.4 -2.8 -1.3 -1.4 -0.3 -0.6 86

87 FR794090085 Financial assets 1842.3 2221.2 1589.8 -1137.1 1226.6 3841.9 -2737.3 6217.0 87

88 FR794022005 Debt securities 247.9 -1001.9 656.2 -527.0 -42.6 212.7 -659.8 1309.6 88

89 FR793092305 U.S. direct investment abroad: debt 4.2 -3.2 9.1 0.5 -1.8 1.3 -0.5 -1.0 89

90 FR793064105 Corporate equities 1527.1 3271.4 981.8 -466.8 1185.5 3405.9 -1832.8 4632.4 90

91 FR793064205 Mutual fund shares 429.7 694.0 225.5 -124.2 346.3 776.6 -408.3 1061.0 91

92 FR793092105 U.S. direct investment abroad: equity 73.9 52.3 16.0 -167.1 22.1 149.3 -193.0 158.0 92

93 FR593052025 Insurance, pension, and standardized guarantee schemes -440.7 -791.2 -298.8 147.5 -282.8 -704.0 357.2 -943.0 93

94 FR794190085 Liabilities 2376.2 3950.9 1610.5 -793.1 1946.9 4459.9 -2842.4 6515.5 94

95 FR793192305 Foreign direct investment in the U.S.: debt -5.6 -0.1 -1.7 0.4 -8.5 -3.5 8.5 10.6 95

96 FR793164105 Corporate equity issues 737.5 1256.9 648.8 -242.6 771.9 1266.6 -980.6 2003.6 96

97 FR653164205 Mutual fund shares 1035.5 1622.6 506.1 -352.3 689.6 1965.0 -1165.7 2781.7 97

98 FR793192105 Foreign direct investment in the U.S.: equity 46.2 81.6 58.5 -35.0 17.3 154.2 -172.9 122.7 98

99 FR662090003 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 99

100 FR793194005 Investment by parent -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100

101 FR583152005 Insurance, pension and standardized guarantee schemes 562.7 989.9 398.8 -163.5 476.6 1077.6 -531.7 1597.0 101

102 FR798200005 Changes in net worth due to nominal holding gains/losses -517.3 -1701.1 2.3 -331.1 -707.0 -586.7 165.1 -263.3 102

 Changes in balance sheet account

103 FC792090095 Change in net worth (lines 30+33+79+102) -94.1 -1581.2 -213.1 -82.1 -474.5 -712.3 484.9 -537.4 103

 Balance sheet account (end of period)

104 FL792000095 Total assets 80096.9 86271.5 90443.9 90678.3 94383.7 101157.9 100463.7 109977.3 104

105 LM795013865 Nonfinancial assets (5) 1637.7 1687.5 1738.8 1794.1 1854.9 1919.3 2018.0 2096.7 105

106 LM795013665 Structures (nonresidential) 985.9 1004.8 1021.4 1038.9 1059.6 1096.4 1158.6 1205.1 106

107 LM795013265 Equipment 502.0 524.0 552.7 582.0 608.0 623.0 644.4 660.5 107

108 LM795013765 Intellectual property products 149.8 158.7 164.7 173.2 187.3 199.8 214.9 231.2 108
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109 FL794090005 Financial assets 78459.2 84584.0 88705.1 88884.3 92528.8 99238.6 98445.7 107880.6 109

110 FL713011203 Monetary gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 110

111 FL794000005 Currency and deposits 2739.5 3522.0 3683.2 3131.2 2682.9 2974.9 2498.5 2631.2 111

112 FL794022005 Debt securities 21731.3 22092.2 23643.1 23702.9 24869.6 25944.1 26240.8 28793.8 112

113 FL793069175 Open market paper 646.5 656.8 614.6 624.9 538.2 629.1 630.9 619.8 113

114 FL793061105 Treasury securities 6003.6 6227.1 7067.7 7327.1 8029.0 8196.6 8868.3 9780.6 114

115 FL793061705 Agency- and GSE-backed securities (3) 5996.6 6206.6 6481.4 6389.2 6670.5 6937.5 6831.6 7206.9 115

116 FL793062005 Municipal securities 1981.9 1875.7 1978.1 2023.3 2016.3 2093.5 1977.8 2105.7 116

117 FL793063005 Corporate and foreign bonds 7102.6 7126.0 7501.3 7338.5 7615.6 8087.4 7932.2 9080.8 117

118 FL794035005 Loans 22004.4 21965.4 22718.9 23355.4 24210.4 25591.2 26764.4 28119.5 118

119 FL794041005 Short term 9142.8 9116.0 9706.4 9976.8 10371.1 11200.2 11816.9 12601.1 119

120 FL794042005 Long term 12861.6 12849.4 13012.5 13378.5 13839.3 14391.0 14947.5 15518.4 120

121 FL793081005 Equity and investment fund shares 21585.1 25775.8 27243.5 26734.7 28466.6 32788.7 30184.1 35610.7 121

122 LM793064105 Corporate equities 12299.1 15544.1 16521.5 16290.0 17305.9 20792.3 18823.3 23041.2 122

123 LM793064205 Mutual fund shares 4086.8 4909.8 5161.1 5023.1 5287.2 6031.7 5520.0 6301.4 123

124 FL793034005 Money market fund shares 401.9 399.1 416.5 403.0 503.4 516.1 538.2 594.6 124

125 FL793092405 Equity in government-sponsored enterprises (3) 33.5 33.4 33.7 34.4 36.3 37.7 38.5 34.5 125

126 LM793092105 U.S. direct investment abroad: equity 859.0 943.2 987.3 842.7 917.7 1116.0 903.8 1111.0 126

127 FL713164003 Stock in Federal Reserve Banks 27.4 27.5 28.6 29.5 30.4 31.4 32.3 31.7 127

128 FL793094005 Investment in subsidiaries 3877.3 3918.9 4094.8 4112.1 4385.6 4263.6 4328.0 4496.2 128

129 FL793052005 Insurance, pension and standardized guarantee schemes 6684.9 7482.2 7569.9 8075.8 8279.3 7950.6 8669.2 8006.2 129

130 FL793096005 Other accounts receivable 3703.0 3735.4 3835.5 3873.2 4009.0 3978.0 4077.7 4708.3 130

131 FL792100005 Total liabilities and net worth 80096.9 86271.5 90443.9 90678.3 94383.7 101157.9 100463.7 109977.3 131

132 FL794194005 Liabilities 79250.7 87006.6 91392.0 91708.6 95888.5 103374.9 102195.9 112246.9 132

133 FL794100005 Currency and deposits 13980.5 15766.2 16704.7 16941.8 17401.5 18194.4 18688.7 19554.6 133

134 FL794122005 Debt securities 13227.8 13212.1 13326.9 13255.7 13607.3 13910.8 14254.8 14690.3 134

135 FL423161705 Agency- and GSE-backed securities (3) 7535.4 7773.7 7924.0 8144.4 8496.1 8842.7 9089.6 9408.3 135

136 FL793163005 Corporate bonds 5069.8 4897.0 4929.1 4678.0 4677.1 4670.8 4734.0 4884.2 136

137 FL793169175 Commercial paper 622.6 541.4 473.7 433.2 434.0 397.2 431.2 397.9 137

138 FL794135005 Loans 5003.4 4790.4 4981.5 5016.7 5166.9 5222.1 5197.1 5328.3 138

139 FL794141005 Short term 4717.2 4491.0 4656.3 4670.0 4721.0 4761.7 4782.2 4936.2 139

140 FL794142005 Long term 286.1 299.4 325.2 346.7 445.9 460.4 414.9 392.2 140

141 FL793181005 Equity and investment fund shares 22610.4 26278.3 28295.6 28069.3 30143.7 34301.0 32436.4 38587.9 141

142 FL634090005 Money market fund shares 2693.2 2733.4 2749.1 2742.4 2731.3 2848.4 3038.3 3634.3 142

143 LM793164105 Corporate equity issues 4989.2 6457.6 7355.8 7341.3 8368.7 10054.2 9272.1 11485.5 143

144 LM653164205 Mutual fund shares 10363.5 12333.0 13150.6 12897.2 13615.6 15899.0 14669.8 17659.5 144

145 FL403192405 Equity in government-sponsored enterprises (3) 41.2 41.7 42.9 44.2 46.9 51.1 52.2 48.6 145

146 LM793192105 Foreign direct investment in the U.S.: equity 613.0 730.3 803.2 817.4 794.4 967.3 870.5 1053.2 146

147 LM662090003 Equity in noncorporate business 37.9 40.8 45.1 50.4 67.7 68.7 78.2 83.5 147

148 FL793194005 Investment by parent 3845.0 3914.0 4120.3 4147.0 4488.6 4380.8 4422.8 4591.6 148

149 FL713164005 Equity in Federal Reserve Banks 27.4 27.5 28.6 29.5 30.4 31.4 32.3 31.7 149

150 FL503194205 Equity investment in Federal Reserve facilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 150

151 FL583152005 Insurance, pension and standardized guarantee schemes 23503.0 26177.3 27125.4 27529.6 28609.8 30422.3 30400.7 32594.8 151

152 FL793196005 Other accounts payable 925.7 782.2 958.0 895.5 959.2 1324.3 1218.2 1490.9 152

153 FL792090095 Net worth 846.2 -735.1 -948.1 -1030.3 -1504.8 -2217.1 -1732.2 -2269.5 153

(1) Financial business includes depository institutions, insurance companies, pension funds, monetary authority, and other financial institutions.

 Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(2) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(3) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(4) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(5) Excludes land. Includes corporate and noncorporate financial business.
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 Current account

 1 FA716902505 Gross value added 2.6 3.2 4.1 4.1 7.4 14.5 20.6 20.5 1

 2 FA716330085 Less: Consumption of fixed capital 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 2

 3 FA716902605 Equals: Net value added 1.8 2.5 3.3 3.4 6.6 13.7 19.8 19.7 3

 4 FA716025005 Compensation of employees (paid) 2.0 2.2 2.3 2.3 2.5 2.7 2.8 3.0 4

 5 FA716020001 Wages and salaries 1.8 1.9 2.0 2.1 2.2 2.4 2.5 2.6 5

 6 FA716401001 Employers’ social contributions 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.4 6

 7 FA716240101 Taxes on production and imports less subsidies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA716402101 Operating surplus, net -0.2 0.3 1.1 1.0 4.1 11.0 17.0 16.7 8

 9 FA716140005 Net national income/Balance of primary incomes, net -16.0 0.9 7.5 -15.5 2.5 -0.3 -0.6 2.4 9

10 FA716402101 Operating surplus, net -0.2 0.3 1.1 1.0 4.1 11.0 17.0 16.7 10

11 FA716150105 Property income (received) 80.9 90.5 115.9 113.6 111.1 113.6 112.3 102.7 11

12 FA716130101 Interest 80.9 90.5 115.9 113.6 111.1 113.6 112.3 102.7 12

13 FA716121101 Distributed income of corporations (dividends) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 FA713092281 Reinvested earnings on U.S. direct investment abroad 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 FA716150005 Less: Uses of property income (paid) 96.8 89.9 109.5 130.2 112.6 125.0 129.8 117.0 15

16 FA716130001 Interest 6.7 8.6 11.0 11.3 20.5 43.6 63.5 61.4 16

17 FA716120005 Distributed income of corporations 90.1 81.3 98.6 118.8 92.2 81.3 66.3 55.6 17

18 FA716121001 Dividends 90.1 81.3 98.6 118.8 92.2 81.3 66.3 55.6 18

19 FA716122001 Withdrawals from income of quasi-corporations (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 FA713192281 Reinvested earnings on foreign direct investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 FA716112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA716140005 Net national income/Balance of primary incomes, net -16.0 0.9 7.5 -15.5 2.5 -0.3 -0.6 2.4 22

23 FA716220001 Less: Current taxes on income, wealth, etc. (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 FA716403001 Less: Other current transfers (paid) 1.6 1.8 1.9 1.9 2.0 2.0 2.0 2.2 24

25 FA716012005 Equals: Disposable income, net -17.6 -0.9 5.6 -17.4 0.5 -2.4 -2.6 0.2 25

26 FA716012005 Equals: Net saving -17.6 -0.9 5.6 -17.4 0.5 -2.4 -2.6 0.2 26

 Capital account

27 FA716006385 Net saving less capital transfers -17.6 -0.9 5.6 -17.4 0.5 -2.4 -2.6 0.2 27

28 FA716012005 Net saving -17.6 -0.9 5.6 -17.4 0.5 -2.4 -2.6 0.2 28

29 FA715440083 Less: Capital transfers paid (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 FA715015085 Capital formation, net -0.1 -0.3 -0.2 -0.2 -0.1 -0.1 -0.2 -0.1 30

31 FA715013085 Gross fixed capital formation (nonresidential) 0.7 0.5 0.6 0.6 0.6 0.7 0.6 0.7 31

32 FA716330085 Less: Consumption of fixed capital 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 32

33 FA715000995 Net lending (+) or borrowing (-), capital account (lines 27-30) -17.5 -0.6 5.8 -17.2 0.6 -2.3 -2.4 0.4 33

 Financial account

34 FA715000995 Net lending (+) or borrowing (-) (line 33) -17.5 -0.6 5.8 -17.2 0.6 -2.3 -2.4 0.4 34

35 FA714090005 Net acquisition of financial assets 10.5 1108.0 475.6 -11.4 -31.1 -2.6 -389.8 116.4 35

36 FA713011203 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 FA714000005 Currency and deposits 0.9 0.4 1.4 1.9 0.1 0.8 0.5 0.5 37

38 FA714022005 Debt securities 132.6 1113.4 472.9 -10.4 -35.8 -10.9 -379.5 -137.5 38

39 FA713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 FA713061103 Treasury securities 58.9 550.2 236.8 -15.6 -13.3 -21.7 -243.3 99.1 40

41 FA713061705 Agency- and GSE-backed securities (2) 73.7 563.2 236.1 5.1 -22.5 10.8 -136.2 -236.6 41

42 FA714041005 Loans (short term) -121.0 -9.1 1.2 -0.6 4.5 6.6 -7.9 255.1 42

43 FA713064103 Equity shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 FA713096105 Other accounts receivable -2.0 3.2 0.0 -2.3 0.1 0.9 -3.0 -1.7 44

45 FA714190005 Net incurrence of liabilities 10.2 1107.8 474.5 7.1 -31.1 -2.6 -386.6 116.4 45

46 FA714100005 Currency and deposits -2.0 900.1 283.2 -197.9 -45.6 157.7 -128.7 83.9 46

47 FA712151003 Loans 7.3 208.7 193.9 202.6 12.8 -161.3 -259.9 32.6 47

48 FA713164005 Equity shares 0.5 0.1 1.1 0.9 1.0 0.9 0.9 -0.6 48

49 FA713193005 Other accounts payable 4.5 -1.2 -3.7 1.5 0.6 -0.0 1.1 0.5 49

 Addendum:

50 FA715000005 Net lending (+) or borrowing (-), financial account (lines 35-45) 0.3 0.2 1.1 -18.5 0.0 -0.0 -3.2 0.0 50
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 Other changes in volume account

51 FV718090185 Total other volume changes 235.4 0.8 -4.7 -1.3 -0.6 2.3 -0.7 -0.3 51

52 FV712010095 Disaster losses -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 FV718090085 Other volume changes 217.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

54 FU717005045 Less: Statistical discrepancy (lines 33-50) (3) -17.8 -0.8 4.7 1.3 0.6 -2.3 0.7 0.3 54

 Revaluation account

55 FR712010095 Nonfinancial assets 0.1 0.2 0.2 0.1 0.1 0.2 0.4 0.3 55

56 FR715013665 Structures (nonresidential) 0.1 0.2 0.2 0.2 0.1 0.2 0.4 0.3 56

57 FR715013265 Equipment 0.0 -0.0 -0.0 -0.0 -0.0 0.0 0.0 -0.0 57

58 FR715013765 Intellectual property products -0.0 0.0 -0.0 -0.0 -0.0 0.0 0.0 0.0 58

59 FR714022005 Financial assets (debt securities) -5.6 -267.6 227.3 -67.6 -39.9 13.6 -86.3 166.8 59

60 FR718200005 Changes in net worth due to nominal holding gains/losses -5.5 -267.4 227.5 -67.4 -39.8 13.8 -85.8 167.0 60

 Changes in balance sheet account

61 FC712090095 Change in net worth (lines 30+33+51+60) 212.2 -267.5 228.4 -86.2 -39.9 13.7 -89.2 166.9 61

 Balance sheet account (end of period)

62 FL712000095 Total assets 3178.0 4018.4 4721.2 4642.2 4571.2 4582.3 4106.5 4389.8 62

63 LM712010095 Nonfinancial assets (4) 10.3 10.2 10.2 10.2 10.2 10.3 10.6 10.7 63

64 LM715013665 Structures (nonresidential) 7.8 7.9 7.9 8.0 8.0 8.1 8.4 8.6 64

65 LM715013265 Equipment 1.7 1.6 1.5 1.4 1.3 1.3 1.2 1.1 65

66 LM715013765 Intellectual property products 0.8 0.8 0.8 0.8 0.9 0.9 1.0 1.0 66

67 FL714090005 Financial assets 3167.7 4008.1 4711.0 4632.0 4561.0 4572.0 4095.9 4379.1 67

68 FL713011203 Monetary gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 68

69 FL714000005 Currency and deposits 69.0 68.1 66.7 67.0 67.1 69.6 69.7 70.0 69

70 LM714022005 Debt securities 3053.3 3899.1 4599.3 4521.3 4445.6 4448.3 3982.6 4011.9 70

71 FL713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 71

72 LM713061103 Treasury securities 1974.3 2341.3 2736.3 2675.9 2640.7 2633.0 2338.0 2540.7 72

73 LM713061705 Agency- and GSE-backed securities (2) 1079.0 1557.8 1863.0 1845.4 1804.9 1815.3 1644.6 1471.1 73

74 FL714041005 Loans (short term) 9.5 0.4 1.7 1.1 5.6 12.2 4.3 259.4 74

75 FL713064103 Equity shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 75

76 FL713096105 Other accounts receivable 24.9 29.4 32.3 31.5 31.7 30.9 28.3 26.9 76

77 FL712100005 Total liabilities and net worth 3178.0 4018.4 4721.2 4642.2 4571.2 4582.3 4106.5 4389.8 77

78 FL714190005 Liabilities 2931.1 4038.9 4513.4 4520.5 4489.4 4486.8 4100.2 4216.6 78

79 FL714100005 Currency and deposits 2786.7 3686.8 3970.0 3772.2 3726.6 3884.3 3755.6 3839.5 79

80 FL712151003 Loans 107.2 315.9 509.8 712.4 725.2 564.0 304.0 336.6 80

81 FL713164005 Equity shares 27.4 27.5 28.6 29.5 30.4 31.4 32.3 31.7 81

82 FL713193005 Other accounts payable 9.8 8.7 5.0 6.5 7.2 7.1 8.2 8.7 82

83 FL712090095 Net worth 246.9 -20.6 207.8 121.6 81.8 95.5 6.3 173.2 83

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 Current account

 1 FA706902505 Gross value added 281.7 298.9 307.8 347.6 388.1 459.0 516.6 499.8 1

 2 FA706300081 Less: Consumption of fixed capital 33.0 33.5 33.4 34.3 36.2 38.3 41.6 45.2 2

 3 FA706902605 Equals: Net value added 248.7 265.4 274.4 313.3 351.9 420.7 475.0 454.6 3

 4 FA706025005 Compensation of employees (paid) 167.5 170.8 169.6 180.3 181.8 183.1 208.3 211.0 4

 5 FA706020001 Wages and salaries 143.1 145.9 144.7 153.9 155.1 155.9 176.9 180.9 5

 6 FA706401001 Employers’ social contributions 24.4 24.9 24.9 26.4 26.7 27.2 31.4 30.1 6

 7 FA706240101 Taxes on production and imports less subsidies 9.2 10.1 10.2 10.1 10.8 11.4 11.6 12.0 7

 8 FA706402101 Operating surplus, net 72.0 84.5 94.6 122.9 159.3 226.2 255.1 231.6 8

 9 FA706140005 Net national income/Balance of primary incomes, net 117.3 132.7 118.7 123.9 142.2 184.5 126.6 90.3 9

10 FA706402101 Operating surplus, net 72.0 84.5 94.6 122.9 159.3 226.2 255.1 231.6 10

11 FA706150105 Property income (received) 311.3 281.6 265.6 275.0 279.5 307.2 330.6 375.8 11

12 FA706130101 Interest 291.5 260.3 247.6 258.1 265.3 290.7 337.9 366.0 12

13 FA706121101 Distributed income of corporations (dividends) 2.2 2.4 2.7 3.0 2.0 2.1 2.7 2.4 13

14 FA703092281 Reinvested earnings on U.S. direct investment abroad 17.6 18.9 15.3 13.9 12.2 14.4 -10.0 7.4 14

15 FA706150005 Less: Uses of property income (paid) 266.0 233.4 241.5 274.0 296.6 348.9 459.1 517.1 15

16 FA706130001 Interest 164.1 143.5 145.9 165.2 189.8 222.4 288.2 329.0 16

17 FA706120005 Distributed income of corporations 96.2 84.0 89.9 104.4 102.7 121.5 164.3 181.8 17

18 FA706121001 Dividends 96.0 83.9 89.8 104.3 102.6 121.4 164.2 181.7 18

19 FA706122001 Withdrawals from income of quasi-corporations (1) 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 19

20 FA703192281 Reinvested earnings on foreign direct investment 5.7 5.9 5.7 4.4 4.1 5.0 6.6 6.3 20

21 FA706112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA706140005 Net national income/Balance of primary incomes, net 117.3 132.7 118.7 123.9 142.2 184.5 126.6 90.3 22

23 FA706220001 Less: Current taxes on income, wealth, etc. (paid) 29.5 24.8 37.4 36.0 34.9 22.8 25.6 27.2 23

24 FA706403001 Less: Other current transfers (paid) 5.5 6.3 6.7 7.3 8.1 8.6 9.1 9.4 24

25 FA706012005 Equals: Disposable income, net 82.3 101.6 74.6 80.6 99.2 153.1 91.9 53.7 25

26 FA706012005 Equals: Net saving 82.3 101.6 74.6 80.6 99.2 153.1 91.9 53.7 26

 Capital account

27 FA706006385 Net saving less capital transfers 82.3 101.6 74.6 80.6 99.2 143.3 91.9 53.7 27

28 FA706012005 Net saving 82.3 101.6 74.6 80.6 99.2 153.1 91.9 53.7 28

29 FA705440083 Less: Capital transfers paid (net) 0.0 0.0 0.0 0.0 0.0 9.8 0.0 0.0 29

30 FA705015085 Capital formation, net -2.5 -5.3 -4.4 2.2 4.3 5.7 10.2 9.6 30

31 FA705013081 Gross fixed capital formation (nonresidential) 30.5 28.1 29.0 36.5 40.5 44.1 51.7 54.9 31

32 FA706300081 Less: Consumption of fixed capital 33.0 33.5 33.4 34.3 36.2 38.3 41.6 45.2 32

33 FA705000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 84.8 107.0 79.0 78.4 94.9 137.5 81.8 44.0 33

 Financial account

34 FA705000995 Net lending (+) or borrowing (-) (line 33) 84.8 107.0 79.0 78.4 94.9 137.5 81.8 44.0 34

35 FA704090005 Net acquisition of financial assets 472.6 969.2 949.0 521.7 731.9 866.7 417.5 760.9 35

36 FA704000005 Currency and deposits -61.5 730.3 149.5 -389.6 -209.7 195.7 -388.4 -2.9 36

37 FA703025005 Vault cash 7.1 2.5 2.1 -1.5 1.8 1.2 4.9 1.4 37

38 FA713113003 Reserves at the Federal Reserve -69.7 730.9 148.9 -387.6 -211.0 194.8 -393.1 -7.1 38

39 FA403197033 Deposits at Federal Home Loan Banks 1.2 -3.2 -1.5 -0.5 -0.4 -0.3 -0.2 2.8 39

40 FA704022005 Debt securities 183.9 91.8 181.5 203.0 293.6 133.7 98.7 237.0 40

41 FA703069175 Open market paper 0.0 0.0 0.0 0.0 0.0 -0.0 0.2 0.5 41

42 FA703061105 Treasury securities 87.6 -27.6 192.4 37.9 121.9 -37.3 124.3 126.7 42

43 FA703061705 Agency- and GSE-backed securities (2) 49.5 61.6 5.7 140.5 144.4 168.1 52.4 115.1 43

44 FA703062005 Municipal securities 68.4 54.7 32.7 45.3 47.2 20.4 -40.0 -29.1 44

45 FA703063005 Corporate and foreign bonds -21.5 3.1 -49.3 -20.7 -19.9 -17.5 -38.2 23.8 45

46 FA704035005 Loans 392.3 134.8 594.1 701.1 589.3 521.3 777.3 494.2 46

47 FA704041005 Short term 374.0 144.2 446.4 447.8 293.2 306.8 604.9 281.4 47

48 FA704042005 Long term 18.4 -9.4 147.7 253.4 296.2 214.6 172.4 212.7 48

49 FA703081005 Equity and investment fund shares -14.6 -1.4 5.3 -6.6 -6.7 14.1 -2.3 5.6 49

50 FA703064105 Corporate equities -10.5 -1.5 0.7 2.0 -6.9 -2.0 2.5 0.8 50

51 FA703064205 Mutual fund shares -0.9 -0.8 -0.8 -1.0 -1.9 0.2 -5.5 -1.8 51

52 FA703092405 Equity in government-sponsored enterprises (2) -2.1 -1.1 -0.0 -0.9 2.0 1.4 0.5 -4.6 52

53 FA763092100 U.S. direct investment abroad: equity -1.6 2.0 4.4 -7.5 -0.8 13.6 -0.7 11.8 53

54 FA713164003 Stock in Federal Reserve Banks 0.5 0.1 1.1 0.9 1.0 0.9 0.9 -0.6 54

55 FA763040005 Insurance, pension and standardized guarantee schemes 7.4 5.8 5.7 6.6 5.6 6.4 3.9 6.7 55

56 FA703093005 Other accounts receivable -35.0 7.9 12.9 7.2 59.7 -4.7 -71.7 20.3 56

57 FA704190005 Net incurrence of liabilities 573.9 843.0 1047.5 484.6 777.3 756.6 557.7 868.2 57
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2012 2013 2014 2015 2016 2017 2018 2019

 

58 FA704100005 Currency and deposits 596.5 897.8 649.1 432.6 499.0 623.4 620.2 772.9 58

59 FA703127005 Checkable deposits 206.4 188.7 198.8 102.5 106.6 183.6 55.9 182.2 59

60 FA703130205 Other deposits 390.1 709.1 450.4 330.1 392.5 439.8 564.3 590.8 60

61 FA704122005 Debt securities -75.8 -138.7 -47.6 -15.4 -17.6 -65.4 27.0 -40.0 61

62 FA763163005 Corporate bonds -50.1 -74.4 -19.4 -9.5 -16.0 -35.0 12.3 -18.7 62

63 FA703169175 Commercial paper -25.7 -64.4 -28.2 -5.9 -1.6 -30.3 14.7 -21.4 63

64 FA704135005 Loans -23.8 -17.4 91.3 34.9 107.5 114.9 -90.0 -29.5 64

65 FA704141005 Short term -26.7 -17.5 92.0 35.7 102.2 115.3 -82.6 -27.5 65

66 FA753192305 Long term (foreign direct investment in the U.S.: debt) 3.0 0.1 -0.8 -0.8 5.2 -0.4 -7.5 -2.0 66

67 FA703181105 Equity and investment fund shares 107.9 87.4 193.1 49.1 177.6 17.6 57.6 104.5 67

68 FA763164103 Corporate equity issues 1.9 0.6 0.4 6.8 -5.0 2.8 -5.2 1.4 68

69 FA753192103 Foreign direct investment in the U.S.: equity -5.2 8.6 4.5 1.2 5.7 8.0 14.6 3.7 69

70 FA703194005 Investment by parent 111.3 78.2 188.3 41.1 176.9 6.8 48.2 99.4 70

71 FA703196005 Other accounts payable -34.3 23.0 166.4 -8.6 11.6 76.9 -47.6 65.4 71

 Addendum:

72 FA705000005 Net lending (+) or borrowing (-), financial account (lines 35-57) -97.9 117.0 -103.4 29.0 -46.2 99.2 -149.6 -112.4 72

 Other changes in volume account

73 FV708090185 Total other volume changes -258.9 -125.1 -146.9 0.1 -161.3 -196.4 -148.5 -276.5 73

74 FV702010095 Disaster losses -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 74

75 FV708090085 Other volume changes -75.6 -135.2 35.5 49.5 -20.2 -158.1 82.9 -120.1 75

76 FU707005045 Less: Statistical discrepancy (lines 33-72) (3) 182.8 -10.1 182.3 49.4 141.1 38.3 231.4 156.4 76

 Revaluation account

77 FR702010095 Nonfinancial assets 3.4 7.2 5.6 3.1 2.9 8.0 15.0 8.6 77

78 FR705013665 Structures (nonresidential) 3.9 7.8 6.1 5.1 4.3 8.1 14.9 10.0 78

79 FR705013265 Equipment -0.0 -0.5 -0.3 -1.5 -1.0 0.3 0.4 -1.1 79

80 FR705013765 Intellectual property products -0.4 -0.1 -0.3 -0.5 -0.3 -0.4 -0.2 -0.2 80

81 FR704090085 Financial assets 54.6 -20.1 45.5 -107.4 -7.5 93.2 -137.5 197.7 81

82 FR704022005 Debt securities 10.7 -94.6 75.6 -64.4 -27.2 13.3 -59.1 110.4 82

83 FR763092305 U.S. direct investment abroad: debt 1.7 -1.2 3.6 0.2 -0.6 0.4 -0.2 -0.3 83

84 FR703064105 Corporate equities 14.4 29.1 6.5 -10.4 13.2 25.6 -21.1 37.8 84

85 FR703064205 Mutual fund shares 5.5 10.8 2.5 -3.8 4.9 9.1 -6.9 12.0 85

86 FR763092100 U.S. direct investment abroad: equity 22.3 35.7 -42.6 -29.0 2.3 44.8 -50.2 37.8 86

87 FR704190085 Liabilities 208.5 268.1 63.9 -27.3 233.5 242.2 -306.1 440.2 87

88 FR753192305 Foreign direct investment in the U.S.: debt -1.7 -0.0 -0.6 0.1 -2.3 -0.5 1.2 1.5 88

89 FR763164103 Corporate equity issues 157.6 211.9 83.8 -5.0 205.8 199.5 -245.3 377.1 89

90 FR753192103 Foreign direct investment in the U.S.: equity 52.6 56.2 -19.2 -22.4 30.0 43.2 -62.0 61.6 90

91 FR703194005 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 91

92 FR708200005 Changes in net worth due to nominal holding gains/losses -152.1 -281.1 -13.5 -76.9 -240.4 -141.5 184.9 -232.4 92

 Changes in balance sheet account

93 FC702090095 Change in net worth (lines 30+33+73+92) -328.8 -304.6 -85.7 3.9 -302.4 -194.7 128.3 -455.2 93

 Balance sheet account (end of period)

94 FL702000095 Total assets 15341.8 16157.5 17188.1 17657.4 18366.5 19253.0 19642.3 20520.1 94

95 LM702010095 Nonfinancial assets (4) 378.5 381.0 384.6 392.6 403.4 419.5 447.5 468.3 95

96 LM705013665 Structures (nonresidential) 267.0 271.9 276.8 280.2 285.5 294.8 312.2 325.3 96

97 LM705013265 Equipment 88.0 85.0 82.6 83.2 84.5 87.6 92.8 95.7 97

98 LM705013765 Intellectual property products 23.5 24.1 25.2 29.1 33.4 37.1 42.6 47.3 98

99 FL704090005 Financial assets 14963.3 15776.6 16803.5 17264.8 17963.1 18833.5 19194.8 20051.8 99

100 FL704000005 Currency and deposits 1557.8 2288.1 2437.5 2047.9 1838.3 2034.0 1645.6 1642.7 100

101 FL703025005 Vault cash 71.1 73.6 75.7 74.2 76.0 77.2 82.0 83.4 101

102 FL713113003 Reserves at the Federal Reserve 1473.0 2203.9 2352.8 1965.2 1754.2 1949.0 1556.0 1548.8 102

103 FL403197033 Deposits at Federal Home Loan Banks 13.7 10.6 9.1 8.5 8.1 7.8 7.6 10.4 103

104 LM704022005 Debt securities 3482.1 3479.3 3736.3 3874.9 4141.3 4288.3 4299.9 4647.3 104

105 FL703069175 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.7 105

106 LM703061105 Treasury securities 342.3 305.4 502.9 537.2 654.1 616.0 736.7 879.3 106

107 LM703061705 Agency- and GSE-backed securities (2) 1961.0 1970.8 2031.1 2127.8 2253.0 2422.6 2445.5 2634.4 107

108 LM703062005 Municipal securities 381.7 423.7 468.5 514.2 551.7 578.9 505.8 478.3 108

109 LM703063005 Corporate and foreign bonds 797.1 779.5 733.8 695.7 682.5 670.8 611.8 654.6 109
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

110 FL704035005 Loans 8710.3 8824.5 9411.2 10104.8 10688.2 11206.0 11980.2 12471.8 110

111 FL704041005 Short term 4278.3 4422.4 4868.7 5316.5 5609.6 5916.4 6528.9 6810.3 111

112 FL704042005 Long term 4432.0 4402.1 4542.6 4788.3 5078.5 5289.6 5451.3 5661.5 112

113 FL703065005 Mortgages 4419.1 4392.0 4531.0 4778.4 5070.6 5282.7 5442.4 5655.0 113

114 FL763092305 U.S. direct investment abroad: debt 12.9 10.1 11.6 9.9 7.9 6.9 8.9 6.4 114

115 FL703081005 Equity and investment fund shares 447.6 521.9 493.5 443.8 457.5 551.1 470.6 563.9 115

116 LM703064105 Corporate equities 71.4 99.0 106.1 97.7 104.0 127.6 109.1 147.7 116

117 LM703064205 Mutual fund shares 48.1 58.1 59.7 54.9 57.9 67.1 54.7 64.9 117

118 FL703092405 Equity in government-sponsored enterprises (2) 31.3 30.2 30.2 29.2 31.3 32.6 33.1 28.5 118

119 LM763092100 U.S. direct investment abroad: equity 269.4 307.1 269.0 232.5 233.9 292.4 241.4 291.1 119

120 FL713164003 Stock in Federal Reserve Banks 27.4 27.5 28.6 29.5 30.4 31.4 32.3 31.7 120

121 FL763040005 Insurance, pension and standardized guarantee schemes 138.1 143.8 149.6 156.2 161.8 168.2 172.1 178.8 121

122 FL703093005 Other accounts receivable 627.5 519.0 575.3 637.2 676.1 585.9 626.4 547.4 122

123 FL702100005 Total liabilities and net worth 15341.8 16157.5 17188.1 17657.4 18366.5 19253.0 19642.3 20520.1 123

124 FL704194005 Liabilities 16182.5 17302.8 18419.1 18884.5 19896.0 20977.3 21238.2 22571.2 124

125 FL704100005 Currency and deposits 11117.2 12015.1 12664.2 13096.8 13595.9 14219.3 14839.4 15612.4 125

126 FL703127005 Checkable deposits 1630.0 1818.7 2017.5 2120.0 2226.6 2410.2 2466.1 2648.3 126

127 FL703130205 Other deposits 9487.2 10196.3 10646.7 10976.8 11369.3 11809.1 12373.3 12964.1 127

128 FL704122005 Debt securities 546.0 407.3 359.7 344.3 326.7 261.3 288.2 248.2 128

129 FL763163005 Corporate bonds 301.9 227.6 208.2 198.7 182.7 147.7 160.0 141.3 129

130 FL703169175 Commercial paper 244.1 179.7 151.5 145.6 143.9 113.6 128.3 106.9 130

131 FL704135005 Loans 1069.2 1051.8 1142.4 1177.4 1282.6 1396.9 1308.1 1280.1 131

132 FL704141005 Short term 1036.6 1019.1 1111.1 1146.8 1249.0 1364.4 1281.8 1254.3 132

133 FA753192305 Long term (foreign direct investment in the U.S.: debt) 3.0 0.1 -0.8 -0.8 5.2 -0.4 -7.5 -2.0 133

134 FL703181105 Equity and investment fund shares 2868.8 3224.4 3482.1 3503.8 3917.2 4249.1 3999.3 4542.5 134

135 LM763164103 Corporate equity issues 633.6 846.1 930.2 932.0 1132.8 1335.1 1084.5 1463.0 135

136 LM753192103 Foreign direct investment in the U.S.: equity 222.7 287.5 272.8 251.7 287.4 338.6 291.2 356.5 136

137 FL703194005 Investment by parent 2012.6 2090.8 2279.1 2320.1 2497.0 2575.4 2623.6 2723.0 137

138 FL703196005 Other accounts payable 581.3 604.3 770.8 762.2 773.8 850.7 803.1 888.0 138

139 FL702090095 Net worth -840.7 -1145.3 -1231.0 -1227.1 -1529.5 -1724.2 -1595.9 -2051.1 139

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 Current account

 1 FA526902505 Gross value added 269.1 234.3 326.8 394.8 417.7 400.5 435.9 478.7 1

 2 FA526300081 Less: Consumption of fixed capital 27.2 29.3 31.0 32.1 33.8 35.2 36.7 39.0 2

 3 FA526902605 Equals: Net value added 241.9 205.0 295.9 362.7 383.9 365.3 399.2 439.8 3

 4 FA526025005 Compensation of employees (paid) 132.1 133.9 138.4 143.7 143.4 150.4 155.5 163.1 4

 5 FA526020001 Wages and salaries 112.1 113.3 117.4 121.8 121.2 127.3 131.5 138.9 5

 6 FA526401001 Employers’ social contributions 20.1 20.6 21.0 21.9 22.2 23.1 24.0 24.2 6

 7 FA526240101 Taxes on production and imports less subsidies 22.9 23.9 33.9 38.6 40.3 31.7 46.0 32.2 7

 8 FA526402101 Operating surplus, net 86.9 47.2 123.6 180.4 200.2 183.1 197.7 244.5 8

 9 FA526140005 Net national income/Balance of primary incomes, net 11.5 5.9 56.4 72.1 100.8 98.7 123.6 160.8 9

10 FA526402101 Operating surplus, net 86.9 47.2 123.6 180.4 200.2 183.1 197.7 244.5 10

11 FA526150105 Property income (received) 265.0 284.7 290.7 277.0 272.8 292.2 316.2 290.8 11

12 FA526130101 Interest 238.7 255.9 262.5 254.0 256.9 268.3 273.5 277.0 12

13 FA526121101 Distributed income of corporations (dividends) 15.5 16.2 17.2 18.9 17.9 18.2 46.7 13.3 13

14 FA523092281 Reinvested earnings on U.S. direct investment abroad 10.8 12.6 11.0 4.1 -2.1 5.6 -4.0 0.5 14

15 FA526150005 Less: Uses of property income (paid) 340.4 326.0 357.9 385.4 372.1 376.6 390.4 374.4 15

16 FA526130001 Interest 314.8 300.4 335.6 358.4 342.6 343.8 352.0 350.3 16

17 FA526120005 Distributed income of corporations 22.8 23.4 20.1 18.8 22.9 32.5 28.2 15.1 17

18 FA526121001 Dividends 19.1 18.4 15.1 14.4 18.6 28.7 24.5 11.8 18

19 FA526122001 Withdrawals from income of quasi-corporations (1) 3.7 5.1 5.0 4.5 4.3 3.7 3.8 3.3 19

20 FA523192281 Reinvested earnings on foreign direct investment 2.9 2.2 2.3 8.1 6.6 0.3 10.2 9.0 20

21 FA526112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA526140005 Net national income/Balance of primary incomes, net 11.5 5.9 56.4 72.1 100.8 98.7 123.6 160.8 22

23 FA526220001 Less: Current taxes on income, wealth, etc. (paid) 28.5 33.1 38.5 42.2 38.3 26.9 28.5 25.0 23

24 FA526403001 Less: Other current transfers (paid) -69.3 -70.2 -42.6 -12.3 29.3 -1.0 16.9 42.5 24

25 FA526012005 Equals: Disposable income, net 52.3 43.0 60.5 42.2 33.2 72.8 78.2 93.4 25

26 FA526012005 Equals: Net saving 52.3 43.0 60.5 42.2 33.2 72.8 78.2 93.4 26

 Capital account

27 FA526006385 Net saving less capital transfers 38.0 43.0 60.5 42.2 33.2 12.7 61.3 93.4 27

28 FA526012005 Net saving 52.3 43.0 60.5 42.2 33.2 72.8 78.2 93.4 28

29 FA525440083 Less: Capital transfers paid (net) 14.3 0.0 0.0 0.0 0.0 60.2 16.9 0.0 29

30 FA525015085 Capital formation, net 0.7 4.0 0.7 5.9 5.1 3.3 4.1 5.0 30

31 FA525013081 Gross fixed capital formation (nonresidential) 27.8 33.3 31.7 38.0 38.9 38.6 40.8 43.9 31

32 FA526300081 Less: Consumption of fixed capital 27.2 29.3 31.0 32.1 33.8 35.2 36.7 39.0 32

33 FA525000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 37.3 39.0 59.8 36.3 28.1 9.3 57.2 88.4 33

 Financial account

34 FA525000995 Net lending (+) or borrowing (-) (line 33) 37.3 39.0 59.8 36.3 28.1 9.3 57.2 88.4 34

35 FA524090005 Net acquisition of financial assets 123.4 122.7 175.3 239.1 216.0 180.8 246.1 201.8 35

36 FA523020005 Currency and deposits 14.0 -15.2 11.6 7.1 -15.0 21.9 -2.1 21.4 36

37 FA524022005 Debt securities 44.7 134.6 89.5 119.9 187.0 113.7 134.0 151.8 37

38 FA523069105 Open market paper 17.0 11.0 -8.7 -6.7 13.3 -17.5 -7.1 -3.9 38

39 FA523061105 Treasury securities -2.3 -7.7 20.6 5.8 31.9 33.2 -20.8 -13.4 39

40 FA523061705 Agency- and GSE-backed securities (2) -25.1 -12.7 -13.2 -8.6 15.7 12.3 21.8 4.9 40

41 FA523062005 Municipal securities 1.1 8.1 -8.2 18.4 10.7 -3.8 -41.4 -5.7 41

42 FA523063005 Corporate and foreign bonds 53.9 135.8 99.1 110.8 115.5 89.5 181.5 169.8 42

43 FA524035005 Loans 17.3 16.8 36.5 42.9 33.4 43.2 64.7 55.5 43

44 FA524041005 Short term 3.3 -4.5 12.4 -0.4 -3.5 0.6 -1.1 3.7 44

45 FA524042005 Long term 14.1 21.3 24.1 43.3 36.9 42.5 65.8 51.8 45

46 FA523081005 Equity and investment fund shares 6.3 -26.3 -42.4 5.0 -91.3 -57.4 -105.9 -78.0 46

47 FA523064105 Corporate equities 3.3 -8.8 -21.9 25.5 -21.6 3.9 -24.3 -0.5 47

48 FA523064205 Mutual fund shares 1.7 -19.6 -32.8 -30.1 -48.1 -74.7 -88.2 -86.6 48

49 FA523034005 Money market fund shares -4.0 -13.9 2.4 6.2 -20.3 7.6 9.4 6.1 49

50 FA523092405 Equity in government-sponsored enterprises (2) 0.1 0.9 0.1 0.5 0.4 0.4 0.5 0.6 50

51 FA523092105 U.S. direct investment abroad: equity 5.3 15.2 9.8 3.0 -1.7 5.3 -3.3 2.4 51

52 FA523052005 Insurance, pension and standardized guarantee schemes 30.3 27.9 1.8 30.8 55.2 84.9 79.2 29.7 52

53 FA523096005 Other accounts receivable 10.8 -15.1 78.2 33.4 46.8 -25.4 76.2 21.5 53

54 FA524194005 Net incurrence of liabilities 131.6 126.9 138.9 170.6 239.4 206.2 149.6 208.3 54

55 FA673090543 Currency and deposits (funding agreements) -0.7 -9.0 7.6 2.9 6.7 12.0 3.1 6.2 55

56 FA524135005 Loans 1.1 3.0 6.4 13.7 13.3 6.5 2.8 -1.8 56

57 FA524141005 Short term 4.9 8.7 2.5 6.2 9.9 6.2 9.3 1.2 57

58 FA523192305 Long term (foreign direct investment in the U.S.: debt) -3.8 -5.7 3.9 7.4 3.4 0.3 -6.5 -3.0 58
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59 FA523181105 Equity and investment fund shares 1.2 -6.7 -32.6 -0.5 5.6 -25.6 -8.0 -8.6 59

60 FA523164105 Corporate equity issues -24.5 -16.8 -31.8 -32.0 -25.2 -28.9 -21.6 -24.9 60

61 FA523192105 Foreign direct investment in the U.S.: equity 13.7 17.7 -1.7 31.9 29.7 0.2 23.3 14.3 61

62 FA523194735 Investment by parent 12.0 -7.6 0.9 -0.3 1.1 3.1 -9.8 2.0 62

63 FA523152005 Insurance, pension and standardized guarantee schemes 106.3 116.4 112.9 172.8 167.3 144.0 153.3 119.8 63

64 FA523196005 Other accounts payable 23.7 23.2 44.6 -18.3 46.5 69.3 -1.6 92.7 64

 Addendum:

65 FA525000005 Net lending (+) or borrowing (-), financial account (lines 35-54) -8.2 -4.2 36.4 68.5 -23.4 -25.3 96.5 -6.5 65

 Other changes in volume account

66 FV528090185 Total other volume changes -65.6 -47.9 -23.8 32.7 -50.7 -37.2 42.6 -106.9 66

67 FV522010095 Disaster losses -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 67

68 FV528090085 Other volume changes -19.9 -4.7 -0.4 0.6 0.8 -2.6 3.3 -11.9 68

69 FU527005045 Less: Statistical discrepancy (lines 33-65) (3) 45.5 43.2 23.4 -32.2 51.4 34.7 -39.3 94.9 69

 Revaluation account

70 FR522010095 Nonfinancial assets 1.5 4.2 2.8 1.2 1.4 4.6 8.6 5.4 70

71 FR525013665 Structures (nonresidential) 2.2 4.6 3.4 2.8 2.3 4.9 8.3 5.9 71

72 FR525013265 Equipment -0.0 -0.3 -0.1 -0.7 -0.5 0.2 0.3 -0.4 72

73 FR525013765 Intellectual property products -0.6 -0.1 -0.5 -0.9 -0.5 -0.4 -0.1 -0.1 73

74 FR524090085 Financial assets 306.7 184.7 272.4 -264.3 184.2 483.3 -402.4 976.2 74

75 FR524022005 Debt securities 81.9 -206.8 148.4 -168.7 27.2 101.4 -194.6 436.2 75

76 FR523092305 U.S. direct investment abroad: debt 0.9 -0.8 2.4 0.1 -0.5 0.4 -0.1 -0.3 76

77 FR523064105 Corporate equities 69.5 145.2 43.4 -26.5 50.9 120.4 -79.2 208.9 77

78 FR523064205 Mutual fund shares 128.5 224.8 76.2 -31.4 91.1 211.8 -84.6 287.5 78

79 FR523092105 U.S. direct investment abroad: equity 25.9 22.3 1.9 -38.0 15.5 49.4 -44.0 43.8 79

80 FR524190085 Liabilities 234.6 387.4 210.7 -52.3 167.6 432.3 -240.9 580.6 80

81 FR523192305 Foreign direct investment in the U.S.: debt -1.8 -0.0 -0.4 0.1 -2.3 -0.6 1.3 1.5 81

82 FR523164105 Corporate equity issues 79.5 122.2 59.1 -11.0 66.8 88.8 -62.9 144.5 82

83 FR523192105 Foreign direct investment in the U.S.: equity -13.1 -17.5 31.1 18.4 -9.5 56.3 -59.3 39.2 83

84 FR523194735 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 84

85 FR523152005 Insurance, pension and standardized guarantee schemes 170.1 282.7 121.0 -59.8 112.6 287.8 -120.1 395.3 85

86 FR528200005 Changes in net worth due to nominal holding gains/losses 73.6 -198.5 64.5 -210.8 18.1 55.6 -152.9 401.0 86

 Changes in balance sheet account

87 FC522090095 Change in net worth (lines 30+33+66+86) 46.0 -203.4 101.2 -135.8 0.6 31.1 -49.0 387.5 87

 Balance sheet account (end of period)

88 FL522000095 Total assets 8548.4 8863.4 9315.7 9297.7 9738.0 10409.4 10265.6 11454.5 88

89 LM522010095 Nonfinancial assets (4) 240.9 248.6 253.2 260.4 266.9 274.2 286.8 297.3 89

90 LM525013665 Structures (nonresidential) 151.8 154.5 157.3 161.8 164.2 169.1 177.0 182.6 90

91 LM525013265 Equipment 45.3 45.8 45.8 45.7 45.7 45.8 46.6 46.6 91

92 LM525013765 Intellectual property products 43.8 48.2 50.1 53.0 57.0 59.3 63.2 68.0 92

93 FL524090005 Financial assets 8307.5 8614.9 9062.5 9037.3 9471.1 10135.3 9978.8 11157.3 93

94 FL523020005 Currency and deposits 101.7 86.5 98.1 105.2 101.1 123.0 120.9 142.3 94

95 LM524022005 Debt securities 4135.9 4063.6 4301.6 4252.8 4473.3 4688.4 4627.8 5215.8 95

96 FL523069105 Open market paper 58.0 69.0 60.3 53.6 66.9 49.4 42.3 38.4 96

97 LM523061105 Treasury securities 298.0 274.5 310.5 310.1 334.2 377.9 360.5 368.7 97

98 LM523061705 Agency- and GSE-backed securities (2) 523.0 485.4 504.2 477.4 480.8 501.7 491.8 538.1 98

99 LM523062005 Municipal securities 504.4 497.4 520.2 534.8 535.9 536.7 481.6 500.2 99

100 LM523063005 Corporate and foreign bonds 2752.4 2737.3 2906.5 2876.8 3055.4 3222.7 3251.5 3770.3 100

101 FL524035005 Loans 523.0 539.0 577.9 620.9 653.8 697.3 761.9 817.1 101

102 FL524041005 Short term 162.4 157.9 170.3 169.9 166.4 167.0 166.0 169.7 102

103 FL524042005 Long term 360.6 381.1 407.6 451.0 487.4 530.3 595.9 647.4 103

104 FL523065005 Mortgages 352.8 374.5 398.4 443.4 480.9 524.5 588.6 642.0 104

105 FL523092305 U.S. direct investment abroad: debt 7.8 6.6 9.1 7.5 6.5 5.8 7.3 5.4 105

106 FL523081005 Equity and investment fund shares 2203.3 2569.3 2648.4 2557.7 2623.8 2948.0 2634.4 3096.6 106

107 LM523064105 Corporate equities 722.9 859.3 880.9 879.9 909.2 1033.5 930.1 1138.5 107

108 LM523064205 Mutual fund shares 1229.4 1434.6 1477.9 1416.5 1459.5 1596.6 1423.8 1624.8 108

109 FL523034005 Money market fund shares 85.9 71.9 74.4 80.5 60.2 67.8 77.2 83.3 109

110 FL523092405 Equity in government-sponsored enterprises (2) 2.1 3.0 3.1 3.5 3.9 4.3 4.8 5.4 110

111 FL523092105 U.S. direct investment abroad: equity 163.0 200.5 212.2 177.2 191.0 245.7 198.4 244.6 111
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112 FL523052005 Insurance, pension and standardized guarantee schemes 579.5 607.4 609.2 640.1 695.3 780.2 859.3 889.4 112

113 FL523096005 Other accounts receivable 764.2 749.1 827.3 860.7 923.8 898.4 974.7 996.1 113

114 FL522100005 Total liabilities and net worth 8548.4 8863.4 9315.7 9297.7 9738.0 10409.4 10265.6 11454.5 114

115 FL524194005 Liabilities 7558.0 8076.4 8427.5 8545.3 8985.0 9625.4 9530.5 10332.0 115

116 FL673090543 Currency and deposits (funding agreements) 62.8 53.8 61.5 64.3 71.0 83.0 86.0 92.3 116

117 FL524135005 Loans 91.7 94.7 100.7 114.5 125.5 131.5 135.6 135.3 117

118 FL524141005 Short term 65.9 74.6 77.0 83.3 93.2 99.4 108.7 109.9 118

119 FL523192305 Long term (foreign direct investment in the U.S.: debt) 25.9 20.1 23.7 31.2 32.3 32.1 26.9 25.4 119

120 FL523181105 Equity and investment fund shares 597.4 690.5 748.1 755.0 817.9 937.3 807.1 982.2 120

121 LM523164105 Corporate equity issues 392.2 497.6 524.9 481.9 523.5 583.3 498.9 618.5 121

122 FL523192105 Foreign direct investment in the U.S.: equity 176.7 176.9 206.3 256.6 276.8 333.3 297.3 350.9 122

123 FL523194735 Investment by parent 28.4 15.9 16.8 16.5 17.6 20.6 10.8 12.8 123

124 FL523152005 Insurance, pension and standardized guarantee schemes 6193.2 6592.3 6826.2 6939.2 7236.6 7668.3 7701.5 8216.7 124

125 FL523196005 Other accounts payable 612.9 645.1 691.1 672.3 734.1 805.4 800.3 905.6 125

126 FL522090095 Net worth 990.4 787.0 888.2 752.4 753.0 784.1 735.1 1122.6 126

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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 Current account

 1 FA596902505 Gross value added 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 FA596300081 Less: Consumption of fixed capital 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA596902605 Equals: Net value added 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 FA596025005 Compensation of employees (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA596020001 Wages and salaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA596401001 Employers’ social contributions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FA596240101 Taxes on production and imports less subsidies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA596402101 Operating surplus, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA596140005 Net national income/Balance of primary incomes, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 FA596402101 Operating surplus, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 FA596150105 Property income (received) 579.0 595.5 608.8 626.4 636.2 653.0 678.2 690.4 11

12 FA596130101 Interest 450.3 453.4 455.6 465.8 469.4 475.1 490.8 496.8 12

13 FA596121101 Distributed income of corporations (dividends) 128.7 142.1 153.2 160.5 166.8 177.9 187.4 193.5 13

14 FA593092281 Reinvested earnings on U.S. direct investment abroad 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 FA596150005 Less: Uses of property income (paid) 579.0 595.5 608.8 626.4 636.2 653.0 678.2 690.4 15

16 FA596130001 Interest 450.3 453.4 455.6 465.8 469.4 475.1 490.8 496.8 16

17 FA596120005 Distributed income of corporations 128.7 142.1 153.2 160.5 166.8 177.9 187.4 193.5 17

18 FA596121001 Dividends 128.7 142.1 153.2 160.5 166.8 177.9 187.4 193.5 18

19 FA596122001 Withdrawals from income of quasi-corporations (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 FA593192281 Reinvested earnings on foreign direct investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 FA596112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA596140005 Net national income/Balance of primary incomes, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 FA596220001 Less: Current taxes on income, wealth, etc. (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 FA596403105 Plus: Other current transfers received, net 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 24

25 FA596012005 Equals: Disposable income, net 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 25

26 FA596012005 Equals: Net saving 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 26

 Capital account

27 FA596006385 Net saving less capital transfers 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 27

28 FA596012005 Net saving 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 28

29 FA595440083 Less: Capital transfers (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 FA595015085 Capital formation, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 FA595013081 Gross fixed capital formation (nonresidential) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 FA596300081 Less: Consumption of fixed capital 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 FA595000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 33

 Addenda:

34 FA596403105 Other current transfers received, net (line 24) 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 34

35 FA596403115 Contributions received 1303.0 1378.3 1423.8 1475.4 1514.9 1570.2 1630.7 1678.2 35

36 FA596403125 Claims to pension benefits 729.1 788.5 821.2 855.6 885.6 924.8 959.9 996.7 36

37 FA596403133 Actual employer contributions 538.9 547.1 557.5 591.9 628.7 689.3 653.2 675.3 37

38 FA596403143 Imputed employer contributions -99.2 -65.2 -64.3 -90.0 -114.6 -161.7 -107.2 -113.9 38

39 FA596403153 Actual household contributions 311.1 329.8 352.8 380.2 400.6 428.7 445.8 468.6 39

40 FA596403013 Less: pension service charges for defined benefit (DB) plans 21.7 23.1 24.8 26.5 29.1 31.4 31.8 33.4 40

41 FA596403163 Household pension contribution supplements 579.0 595.5 608.8 626.4 636.2 653.0 678.2 690.4 41

42 FA596403023 Less: pension service charge for defined contribution (DC) plans 5.1 5.7 6.1 6.5 6.8 7.5 7.4 8.8 42

43 FA596403033 Less: benefit payments and withdrawals 943.6 1049.5 1107.6 1160.5 1176.5 1247.4 1306.8 1377.5 43

44 FA596403043 Less: net change in benefit entitlements from DB plans 212.7 201.7 195.3 173.6 171.5 155.0 159.3 149.8 44

45 FA596403053 Less: net change in assets from current transaction for DC plans 146.7 127.1 121.0 141.3 166.8 167.9 164.6 150.9 45

 Financial account

46 FA595000995 Net lending (+) or borrowing (-) (line 33) 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 46

47 FA594090005 Net acquisition of financial assets 463.7 470.2 319.1 325.1 332.8 484.7 296.4 396.7 47

48 FA594000005 Currency and deposits 1.7 9.8 6.9 -0.5 -1.0 -2.3 -12.3 9.1 48

49 FA593020005 Currency and transferable deposits 3.9 3.7 5.8 3.6 -0.8 -5.6 -6.9 4.8 49

50 FA593030005 Time and savings deposits -2.3 6.1 1.2 -4.1 -0.2 3.3 -5.4 4.3 50

51 FA594022005 Debt securities 252.6 239.3 237.1 85.4 156.2 114.9 448.4 58.5 51

52 FA593069105 Open market paper -1.7 10.2 0.5 -3.6 11.2 1.6 -7.2 -6.7 52

53 FA593061105 Treasury securities 148.4 122.9 113.4 56.3 170.0 33.7 388.5 119.3 53

54 FA593061705 Agency- and GSE-backed securities (2) -11.6 -5.4 20.0 -11.7 10.9 34.0 25.3 37.7 54

55 FA593062045 Municipal securities 0.1 0.9 -0.2 0.1 0.2 0.7 0.7 0.0 55

56 FA593063005 Corporate and foreign bonds 117.5 110.7 103.4 44.3 -36.2 44.9 41.1 -91.8 56
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57 FA594035005 Loans -1.1 -3.9 3.4 -2.5 7.7 148.6 -149.8 3.7 57

58 FA594041005 Short term -0.1 0.8 0.1 -0.3 0.9 151.8 -152.3 3.4 58

59 FA593065005 Long term (mortgages) -1.1 -4.7 3.4 -2.2 6.8 -3.2 2.6 0.3 59

60 FA593081005 Equity and investment fund shares -73.1 -256.7 -213.5 7.8 -229.2 -68.6 -196.4 -73.3 60

61 FA593064105 Corporate equities -40.2 -424.5 -271.5 -6.6 -212.6 -108.5 -183.9 -29.6 61

62 FA593064205 Mutual fund shares -18.7 149.4 59.6 17.2 -32.1 42.3 -9.7 -44.3 62

63 FA593034005 Money market fund shares -14.2 18.5 -1.6 -2.8 15.5 -2.4 -2.8 0.6 63

64 FA593052025 Insurance, pension and standardized guarantee schemes 252.4 451.8 256.4 246.9 335.4 173.9 213.9 212.8 64

65 FA593093005 Other accounts receivable 31.3 29.9 28.8 -12.0 63.7 118.2 -7.6 185.9 65

66 FA594190005 Net incurrence of liabilities (pension entitlements) 464.2 469.9 318.9 325.0 332.9 484.9 296.3 396.7 66

 Addendum:

67 FA595000005 Net lending (+) or borrowing (-), financial account (lines 47-66) -0.6 0.3 0.2 0.1 -0.1 -0.1 0.1 -0.0 67

 Other changes in volume account

68 FV598090185 Total other volume changes 0.0 -0.0 0.0 0.0 -0.0 -0.0 0.0 -23.2 68

69 FV592010095 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 69

70 FV598090085 Other volume changes 0.6 -0.3 -0.2 -0.1 0.1 0.1 -0.1 -23.2 70

71 FU597005045 Less: Statistical discrepancy (lines 33-67) (3) 0.6 -0.3 -0.2 -0.1 0.1 0.1 -0.1 0.0 71

 Revaluation account

72 FR592010095 Nonfinancial assets 0.1 0.2 0.1 0.1 0.1 0.2 0.3 0.2 72

73 FR595013665 Structures (nonresidential) 0.1 0.2 0.2 0.1 0.1 0.2 0.3 0.2 73

74 FR595013265 Equipment -0.0 -0.0 -0.0 -0.0 -0.0 0.0 0.0 -0.0 74

75 FR595013765 Intellectual property products -0.0 0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 75

76 FR594090085 Financial assets 379.3 685.8 267.6 -89.0 394.1 815.8 -396.1 1172.4 76

77 FR594022005 Debt securities 25.9 -107.0 47.6 -56.9 12.6 23.7 -94.9 171.0 77

78 FR593064105 Corporate equities 498.3 1125.6 372.0 -90.6 414.1 940.3 -341.5 1182.9 78

79 FR593064205 Mutual fund shares 295.8 458.4 146.8 -89.0 250.3 555.8 -316.8 761.5 79

80 FR593052025 Insurance, pension, and standardized guarantee schemes -440.7 -791.2 -298.8 147.5 -282.8 -704.0 357.2 -943.0 80

81 FR594190005 Liabilities (pension entitlements) 392.6 707.2 277.8 -103.7 363.9 789.8 -411.7 1201.6 81

82 FR598200005 Changes in net worth due to nominal holding gains/losses -13.2 -21.1 -10.1 14.8 30.3 26.1 16.0 -29.0 82

 Changes in balance sheet account

83 FC592090095 Change in net worth (lines 30+33+68+82) -13.2 -21.1 -10.1 14.8 30.3 26.1 16.0 -52.2 83

 Balance sheet account (end of period)

84 FL592000095 Total assets 17156.7 19410.7 20114.9 20421.0 21234.1 22641.0 22602.2 24228.9 84

85 LM592010095 Nonfinancial assets (4) 8.2 8.1 8.0 8.0 8.2 8.5 8.8 9.0 85

86 LM595013665 Structures (nonresidential) 6.7 6.7 6.7 6.7 6.7 6.8 7.2 7.5 86

87 LM595013265 Equipment 0.5 0.5 0.4 0.4 0.4 0.5 0.5 0.4 87

88 LM595013765 Intellectual property products 1.0 0.9 0.8 0.9 1.1 1.2 1.1 1.1 88

89 FL594090005 Financial assets 17148.5 19402.6 20106.9 20413.0 21226.0 22632.5 22593.4 24219.9 89

90 FL594000005 Currency and deposits 77.7 87.4 94.3 93.9 92.8 90.5 78.2 74.6 90

91 FL593020005 Currency and transferable deposits 46.3 50.0 55.8 59.4 58.6 53.0 46.1 40.5 91

92 FL593030005 Time and savings deposits 31.4 37.4 38.6 34.5 34.3 37.5 32.1 34.1 92

93 LM594022005 Debt securities 3346.8 3479.2 3763.8 3792.3 3961.2 4099.8 4453.3 4747.4 93

94 FL593069105 Open market paper 77.0 87.2 87.7 84.0 95.3 96.9 89.7 48.0 94

95 LM593061105 Treasury securities 1907.5 1998.5 2127.5 2176.1 2337.3 2370.6 2779.3 2913.1 95

96 LM593061705 Agency- and GSE-backed securities (2) 285.4 263.7 289.6 268.0 277.2 312.3 355.7 405.7 96

97 LM593062045 Municipal securities 1.7 2.4 2.4 2.5 2.7 3.4 4.1 0.1 97

98 LM593063005 Corporate and foreign bonds 1075.2 1127.4 1256.7 1261.7 1248.7 1316.6 1224.5 1380.6 98

99 FL594035005 Loans 39.4 35.6 39.0 36.5 44.2 192.8 43.1 42.8 99

100 FL594041005 Short term 6.0 6.8 6.8 6.5 7.5 159.3 7.0 9.3 100

101 FL593065005 Long term (mortgages) 33.5 28.8 32.2 30.0 36.8 33.6 36.1 33.5 101

102 FL593081005 Equity and investment fund shares 7009.6 8336.9 8642.2 8470.3 8905.5 10333.0 9478.3 10852.7 102

103 LM593064105 Corporate equities 4006.4 4707.5 4808.0 4710.8 4912.2 5744.0 5218.6 6060.4 103

104 LM593064205 Mutual fund shares 2809.3 3417.1 3623.5 3551.7 3769.8 4368.0 4041.5 4611.7 104

105 FL593034005 Money market fund shares 193.8 212.3 210.7 207.9 223.4 221.0 218.2 180.6 105

106 FL593052025 Insurance, pension and standardized guarantee schemes 5932.4 6691.0 6766.1 7230.6 7369.2 6945.2 7576.8 6873.0 106
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S.64.a Pension Funds

Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

107 FL593093005 Other accounts receivable 742.7 772.6 801.4 789.4 853.1 971.2 963.6 1629.4 107

108 FL592000095 Total liabilities and net worth 17156.7 19410.7 20114.9 20421.0 21234.1 22641.0 22602.2 24228.9 108

109 FL594190005 Liabilities (pension entitlements) 17309.8 19584.9 20299.2 20590.4 21373.3 22754.0 22699.2 24378.2 109

110 FL592090095 Net worth -153.1 -174.2 -184.3 -169.5 -139.2 -113.0 -97.1 -149.3 110

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 Current account

 1 FA856902505 Gross value added 646.5 633.3 677.4 641.9 676.7 696.9 720.6 718.1 1

 2 FA856300085 Less: Consumption of fixed capital 111.6 118.3 125.2 132.1 139.6 146.4 152.4 159.7 2

 3 FA856902605 Equals: Net value added 535.0 515.0 552.3 509.8 537.1 550.5 568.2 558.4 3

 4 FA856025005 Compensation of employees (paid) 328.5 334.5 370.8 389.4 406.5 451.3 451.8 473.4 4

 5 FA856020005 Wages and salaries 279.8 284.3 318.0 333.5 347.0 382.9 382.2 404.5 5

 6 FA856401005 Employers’ social contributions 48.6 50.1 52.8 55.9 59.5 68.4 69.6 68.9 6

 7 FA856240105 Taxes on production and imports less subsidies 24.5 23.2 19.3 18.5 23.6 26.3 24.3 24.7 7

 8 FA856402105 Operating surplus, net 182.0 157.3 162.2 101.9 107.1 72.9 92.1 60.4 8

 9 FA856140005 Net national income/Balance of primary incomes, net 96.1 -58.7 -23.5 -68.2 -28.0 -122.4 -48.0 10.4 9

10 FA856402105 Operating surplus, net 182.0 157.3 162.2 101.9 107.1 72.9 92.1 60.4 10

11 FA856150105 Property income (received) 857.2 804.1 810.7 835.0 907.1 1026.3 1252.9 1348.5 11

12 FA856130105 Interest 617.6 522.9 508.4 521.2 590.5 664.4 789.1 952.0 12

13 FA856121105 Distributed income of corporations (dividends) 212.8 253.6 277.2 281.1 280.8 326.3 487.5 376.5 13

14 FA853092285 Reinvested earnings on U.S. direct investment abroad 26.9 27.6 25.1 32.6 35.9 35.6 -23.8 20.1 14

15 FA856150005 Less: Uses of property income (paid) 943.2 1020.1 996.4 1005.1 1042.2 1221.6 1393.0 1398.5 15

16 FA856130005 Interest 592.2 536.2 540.4 568.0 596.7 707.8 855.3 953.5 16

17 FA856120005 Distributed income of corporations 343.0 476.4 448.3 435.9 443.0 503.5 533.1 439.7 17

18 FA856121005 Dividends 276.2 427.3 430.5 426.5 400.3 448.1 496.3 402.2 18

19 FA856122005 Withdrawals from income of quasi-corporations (2) 66.8 49.1 17.8 9.4 42.7 55.4 36.9 37.4 19

20 FA853192285 Reinvested earnings on foreign direct investment 8.0 7.5 7.6 1.2 2.5 10.4 4.6 5.3 20

21 FA856112005 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA856140005 Net national income/Balance of primary incomes, net 96.1 -58.7 -23.5 -68.2 -28.0 -122.4 -48.0 10.4 22

23 FA856220005 Less: Current taxes on income, wealth, etc. (paid) 31.1 41.2 40.5 34.9 41.1 37.5 32.4 34.2 23

24 FA856403005 Less: Other current transfers (paid) 43.5 46.7 48.8 32.1 35.0 26.2 23.6 0.6 24

25 FA856012005 Equals: Disposable income, net 21.4 -146.6 -112.7 -135.2 -104.0 -186.1 -104.1 -24.4 25

26 FA856012005 Equals: Net saving 21.4 -146.6 -112.7 -135.2 -104.0 -186.1 -104.1 -24.4 26

 Capital account

27 FA856006385 Net saving less capital transfers 26.2 -146.6 -122.7 -135.2 -105.8 -218.9 -104.1 -24.4 27

28 FA856012005 Net saving 21.4 -146.6 -112.7 -135.2 -104.0 -186.1 -104.1 -24.4 28

29 FA855440085 Less: Capital transfers paid (net) -4.7 0.0 10.0 0.0 1.8 32.8 0.0 0.0 29

30 FA855015085 Capital formation, net 22.7 22.8 32.2 34.3 38.3 25.9 27.0 28.9 30

31 FA855013085 Gross fixed capital formation (nonresidential) 134.2 141.1 157.4 166.4 177.8 172.3 179.4 188.6 31

32 FA856300085 Less: Consumption of fixed capital 111.6 118.3 125.2 132.1 139.6 146.4 152.4 159.7 32

33 FA855000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 3.5 -169.4 -154.9 -169.5 -144.1 -244.8 -131.1 -53.3 33

 Financial account

34 FA855000995 Net lending (+) or borrowing (-) (line 33) 3.5 -169.4 -154.9 -169.5 -144.1 -244.8 -131.1 -53.3 34

35 FA854090005 Net acquisition of financial assets 1151.8 323.2 704.7 356.5 1033.8 1362.1 1112.1 1867.5 35

36 FA854000005 Currency and deposits 27.9 58.5 -5.4 -154.3 -233.5 75.4 -73.7 117.6 36

37 FA854022005 Debt securities 485.9 -173.2 -86.3 213.4 601.9 516.7 680.8 833.4 37

38 FA853069175 Open market paper -9.8 -11.6 -35.1 19.3 -111.7 108.4 14.7 -1.0 38

39 FA853061105 Treasury securities 119.4 -92.7 48.9 264.0 460.9 146.2 474.1 340.4 39

40 FA853061705 Agency- and GSE-backed securities (3) 107.4 -150.2 -162.4 -105.1 193.0 28.0 15.1 226.1 40

41 FA853062005 Municipal securities 46.9 -90.7 -16.6 -16.1 -28.9 29.6 33.1 103.3 41

42 FA853063005 Corporate and foreign bonds 222.1 171.9 78.9 51.4 88.5 204.6 143.8 164.4 42

43 FA854035005 Loans 167.1 -71.3 147.8 78.4 258.0 605.9 512.8 567.2 43

44 FA854041005 Short term 265.8 -146.8 130.4 -2.3 99.1 282.5 169.5 241.5 44

45 FA814042005 Long term -98.7 75.5 17.4 80.7 158.9 323.4 343.3 325.7 45

46 FA813081005 Equity and investment fund shares 613.4 463.2 495.0 354.9 545.8 149.2 134.2 170.2 46

47 FA813064105 Corporate equities 89.8 408.4 288.3 214.5 71.5 187.1 69.4 -73.6 47

48 FA503034005 Money market fund shares 2.8 -7.4 16.6 -16.8 105.2 7.4 15.6 49.7 48

49 FA813092405 Equity in government-sponsored enterprises (3) 0.0 0.1 0.3 1.2 -0.5 -0.4 -0.2 -0.0 49

50 FA603092105 U.S. direct investment aboard: equity 14.3 14.7 13.9 27.0 55.5 30.0 -15.1 35.1 50

51 FA793094005 Investment in subsidiaries 506.4 47.4 175.9 129.0 314.2 -75.0 64.4 159.1 51

52 FA733040005 Insurance, pension and standardized guarantee schemes 7.3 5.1 5.0 4.1 4.0 4.0 4.0 4.0 52

53 FA853096005 Other accounts receivable -149.9 41.0 148.6 -139.9 -142.5 10.9 -145.9 175.2 53

54 FA854194005 Net incurrence of liabilities 1092.7 301.5 684.7 281.2 957.9 1179.5 901.9 1698.7 54

55 FA403197033 Currency and deposits 1.2 -3.2 -1.5 -0.5 -0.4 -0.3 -0.2 2.8 55
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

56 FA814122005 Debt securities -58.8 179.0 189.8 177.5 392.1 405.3 332.4 482.6 56

57 FA423161705 Agency- and GSE-backed securities (3) -23.8 238.3 150.3 220.4 351.7 346.6 246.9 318.6 57

58 FA813163005 Corporate bonds 18.5 -42.6 79.0 -8.3 37.9 65.1 66.3 175.8 58

59 FA813169105 Commercial paper -53.5 -16.8 -39.4 -34.6 2.4 -6.4 19.2 -11.8 59

60 FA814135005 Loans 262.1 -407.2 -106.7 -219.2 -114.9 98.6 313.6 123.1 60

61 FA814141005 Short term 259.2 -426.2 -123.1 -233.7 -74.0 80.5 353.7 147.6 61

62 FA814142005 Long term 2.9 19.0 16.4 14.5 -40.9 18.1 -40.1 -24.5 62

63 FA123165005 Mortgages 4.8 19.9 9.3 4.0 1.0 5.6 -15.8 1.9 63

64 FA803192305 Foreign direct investment in the U.S.: debt -1.9 -0.9 7.2 10.5 -42.0 12.5 -24.2 -26.4 64

65 FA853181005 Equity and investment fund shares 1064.4 631.7 642.2 465.5 592.1 825.6 404.0 1139.1 65

66 FA634090005 Money market fund shares 2.2 40.2 15.7 -6.7 -11.1 117.2 189.9 596.0 66

67 FA813164105 Corporate equity issues 220.0 227.7 280.8 253.3 285.6 445.0 225.3 233.2 67

68 FA653164205 Mutual fund shares 386.6 346.9 311.5 98.9 28.8 318.4 -63.4 208.0 68

69 FA403192405 Equity in government-sponsored enterprises (3) -1.8 0.5 1.2 1.3 2.7 4.2 1.1 -3.7 69

70 FA803192105 Foreign direct investment in the U.S.: equity 15.2 9.3 11.6 16.1 64.3 10.4 38.1 42.1 70

71 FA662090003 Equity in noncorporate business 10.4 2.9 4.3 5.3 17.3 1.0 9.5 5.2 71

72 FA803194005 Investment by parent 431.8 4.1 17.1 97.4 204.3 -70.5 3.6 58.2 72

73 FA503194205 Equity investment in Federal Reserve facilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 73

74 FA813196005 Other accounts payable -176.1 -98.8 -39.2 -142.0 89.2 -149.7 -147.9 -48.9 74

 Addendum:

75 FA855000005 Net lending (+) or borrowing (-), financial account (lines 35-54) 732.7 265.4 342.2 459.1 608.2 585.1 463.6 477.5 75

 Other changes in volume account

76 FV858090185 Total other volume changes 383.3 294.0 -50.2 257.5 378.3 184.2 354.4 -17.9 76

77 FV812010095 Disaster losses -1.3 0.0 0.0 0.0 0.0 -1.8 -2.4 0.0 77

78 FV858090085 Other volume changes -344.6 -140.7 -547.4 -371.1 -374.1 -643.9 -237.9 -548.6 78

79 FU857005045 Less: Statistical discrepancy (lines 33-75) (4) -729.2 -434.7 -497.1 -628.6 -752.3 -829.9 -594.7 -530.7 79

 Revaluation account

80 FR812010095 Nonfinancial assets 11.5 16.8 14.2 8.3 8.8 18.3 35.7 20.8 80

81 FR815013665 Structures (nonresidential) 9.3 17.4 13.7 11.3 10.9 19.8 32.5 22.2 81

82 FR815013265 Equipment 2.7 -0.6 1.1 -1.6 -1.7 -0.8 3.2 -1.1 82

83 FR815013765 Intellectual property products -0.5 0.0 -0.5 -1.4 -0.5 -0.6 -0.0 -0.3 83

84 FR854090085 Financial assets 1107.3 1638.4 777.0 -608.8 695.6 2436.0 -1715.2 3703.9 84

85 FR854022005 Debt securities 135.1 -326.0 157.3 -169.5 -15.3 60.8 -225.0 425.2 85

86 FR603092305 U.S. direct investment aboard: debt 1.6 -1.3 3.1 0.2 -0.7 0.6 -0.2 -0.4 86

87 FR813064105 Corporate equities 944.9 1971.4 560.0 -339.4 707.4 2319.6 -1391.1 3202.8 87

88 FR603092105 U.S. direct investment aboard: equity 25.7 -5.7 56.7 -100.2 4.3 55.1 -98.8 76.3 88

89 FR814190085 Liabilities 1538.6 2587.4 1065.2 -599.3 1139.9 3008.1 -1907.9 4266.8 89

90 FR803192305 Foreign direct investment in the U.S.: debt -2.1 -0.0 -0.6 0.2 -3.9 -2.4 6.0 7.6 90

91 FR813164105 Corporate equity issues 500.5 922.8 506.0 -226.5 499.3 978.4 -672.4 1482.0 91

92 FR653164205 Mutual fund shares 1035.5 1622.6 506.1 -352.3 689.6 1965.0 -1165.7 2781.7 92

93 FR803192105 Foreign direct investment in the U.S.: equity 6.8 42.9 46.6 -31.0 -3.2 54.7 -51.6 21.8 93

94 FR662090003 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 94

95 FR803194005 Investment by parent -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 95

96 FR858200005 Changes in net worth due to nominal holding gains/losses -419.8 -932.2 -273.9 -1.2 -435.5 -553.8 228.5 -542.1 96

 Changes in balance sheet account

97 FC852090095 Change in net worth (lines 30+33+76+96) -10.4 -784.7 -446.8 121.1 -163.1 -588.5 478.8 -584.3 97

 Balance sheet account (end of period)

98 FL852000095 Total assets 35872.0 37821.5 39104.0 38660.1 40473.8 44272.0 43847.1 49384.0 98

99 LM812010095 Nonfinancial assets (5) 999.8 1039.7 1082.9 1122.9 1166.3 1206.8 1264.4 1311.4 99

100 LM815013665 Structures (nonresidential) 552.6 563.7 572.7 582.2 595.3 617.6 653.9 681.1 100

101 LM815013265 Equipment 366.5 391.2 422.4 451.3 476.0 487.9 503.4 516.5 101

102 LM815013765 Intellectual property products 80.7 84.7 87.8 89.4 95.0 101.3 107.1 113.7 102

103 FL854090005 Financial assets 34872.2 36781.8 38021.1 37537.2 39307.6 43065.2 42582.7 48072.6 103

104 FL854000005 Currency and deposits 933.4 991.9 986.5 817.2 583.6 657.9 584.1 701.7 104
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

105 FL854022005 Debt securities 7713.2 7170.9 7242.0 7261.6 7848.2 8419.3 8877.1 10171.4 105

106 FL853069175 Open market paper 511.6 500.6 466.6 487.2 376.0 482.8 498.7 532.6 106

107 FL853061105 Treasury securities 1481.4 1307.4 1390.5 1627.8 2062.7 2199.1 2653.8 3078.8 107

108 FL853061705 Agency- and GSE-backed securities (3) 2148.2 1928.9 1793.4 1670.6 1854.6 1885.7 1894.0 2157.6 108

109 FL853062005 Municipal securities 1094.2 952.2 987.1 971.7 926.0 974.5 986.4 1127.1 109

110 FL853063005 Corporate and foreign bonds 2477.8 2481.8 2604.4 2504.2 2628.9 2877.3 2844.3 3275.2 110

111 FL854035005 Loans 12722.2 12565.9 12689.1 12592.1 12818.6 13482.8 13974.9 14528.4 111

112 FL854041005 Short term 4686.7 4528.5 4658.9 4482.8 4582.0 4945.3 5110.8 5352.3 112

113 FL814042005 Long term 8035.5 8037.4 8030.2 8109.3 8236.6 8537.5 8864.1 9176.1 113

114 FL813065005 Mortgages 8015.0 8023.0 8008.5 8090.9 8219.9 8523.9 8847.0 9163.4 114

115 FL603092305 U.S. direct investment abroad: debt 20.5 14.4 21.8 18.4 16.7 13.6 17.1 12.7 115

116 FL813081005 Equity and investment fund shares 11924.7 14347.7 15459.4 15262.9 16479.8 18956.6 17600.8 21097.5 116

117 LM813064105 Corporate equities 7498.4 9878.2 10726.5 10601.6 11380.5 13887.2 12565.5 15694.6 117

118 FL503034005 Money market fund shares 122.2 114.9 131.4 114.6 219.8 227.2 242.8 330.8 118

119 FL813092405 Equity in government-sponsored enterprises (3) 0.1 0.2 0.5 1.6 1.1 0.7 0.6 0.6 119

120 FL603092105 U.S. direct investment aboard: equity 426.6 435.6 506.1 433.0 492.8 577.9 464.0 575.3 120

121 FL793094005 Investment in subsidiaries 3877.3 3918.9 4094.8 4112.1 4385.6 4263.6 4328.0 4496.2 121

122 FL733040005 Insurance, pension and standardized guarantee schemes 34.9 39.9 45.0 49.0 53.0 57.0 61.0 65.0 122

123 FL853096005 Other accounts receivable 1543.8 1665.4 1599.2 1554.4 1524.4 1491.7 1484.8 1508.6 123

124 FL852100005 Total liabilities and net worth 35872.0 37821.5 39104.0 38660.1 40473.8 44272.0 43847.1 49384.0 124

125 FL854194005 Liabilities 35269.3 38003.5 39732.8 39167.9 41144.7 45531.4 44627.7 50748.9 125

126 FL403197033 Currency and deposits 13.7 10.6 9.1 8.5 8.1 7.8 7.6 10.4 126

127 FL814122005 Debt securities 12681.8 12804.8 12967.2 12911.4 13280.6 13649.5 13966.6 14442.1 127

128 FL423161705 Agency- and GSE-backed securities (3) 7535.4 7773.7 7924.0 8144.4 8496.1 8842.7 9089.6 9408.3 128

129 FL813163005 Corporate bonds 4767.9 4669.4 4720.9 4479.3 4494.4 4523.1 4574.1 4742.8 129

130 FL813169105 Commercial paper 378.5 361.7 322.3 287.6 290.1 283.6 302.9 291.0 130

131 FL814135005 Loans 3735.2 3328.0 3228.6 3012.4 3033.7 3129.8 3449.4 3576.3 131

132 FL814141005 Short term 3507.6 3081.4 2958.3 2727.5 2653.5 2734.0 3087.7 3235.3 132

133 FL814142005 Long term 227.7 246.6 270.3 284.9 380.1 395.7 361.7 341.0 133

134 FL123165005 Mortgages 194.4 214.3 231.4 235.4 236.5 242.0 226.2 224.3 134

135 FL803192305 Foreign direct investment in the U.S.: debt 33.3 32.4 38.9 49.5 143.7 153.7 135.4 116.7 135

136 FL853181005 Equity and investment fund shares 19116.9 22336.0 24036.9 23781.1 25378.2 29083.3 27597.6 33031.5 136

137 FL634090005 Money market fund shares 2693.2 2733.4 2749.1 2742.4 2731.3 2848.4 3038.3 3634.3 137

138 LM813164105 Corporate equity issues 3963.4 5113.9 5900.7 5927.5 6712.4 8135.8 7688.7 9403.9 138

139 LM653164205 Mutual fund shares 10363.5 12333.0 13150.6 12897.2 13615.6 15899.0 14669.8 17659.5 139

140 FL403192405 Equity in government-sponsored enterprises (3) 41.2 41.7 42.9 44.2 46.9 51.1 52.2 48.6 140

141 FL803192105 Foreign direct investment in the U.S.: equity 213.7 265.9 324.0 309.1 230.2 295.4 281.9 345.8 141

142 LM662090003 Equity in noncorporate business 37.9 40.8 45.1 50.4 67.7 68.7 78.2 83.5 142

143 FL803194005 Investment by parent 1804.0 1807.2 1824.4 1810.4 1974.0 1784.8 1788.4 1855.8 143

144 FL503194205 Equity investment in Federal Reserve facilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 144

145 FL813196005 Other accounts payable -278.3 -475.9 -508.9 -545.6 -555.9 -338.9 -393.4 -311.5 145

146 FL852090095 Net worth 602.7 -182.0 -628.8 -507.8 -670.9 -1259.4 -780.6 -1364.9 146

(1) Includes the following sectors as defined in the Financial Accounts of the United States: Money Market Funds; Mutual Funds; Closed-End Funds; Exchange-Traded Funds;

 Government-Sponsored Enterprises; Agency- and GSE-Backed Mortgage Pools; Issuers of Asset-Backed Securities; Finance Companies; REITs; Security Brokers and Dealers;

 Holding Companies; Other Financial Business.

(2) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(3) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.

(4) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(5) Excludes land. Includes corporate and noncorporate financial business.
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Billions of dollars

2012 2013 2014 2015 2016 2017 2018 2019

 

 Current account

 1 FA316902505 Gross value added 719.0 711.0 723.1 737.3 749.5 768.8 796.2 820.0 1

 2 FA316300001 Less: Consumption of fixed capital 261.6 265.9 270.2 271.5 271.8 277.0 285.8 294.8 2

 3 FA316902605 Equals: Net value added 457.4 445.1 452.9 465.8 477.8 491.8 510.4 525.1 3

 4 FA316025001 Compensation of employees (paid) 465.2 455.1 460.0 469.0 479.2 490.9 511.1 527.0 4

 5 FA316020001 Wages and salaries 327.6 320.4 324.0 330.5 336.4 344.1 357.2 365.4 5

 6 FA316401005 Employers’ social contributions 137.5 134.7 135.9 138.6 142.8 146.7 153.9 161.6 6

 7 FA316402101 Operating surplus, net -7.8 -10.1 -7.1 -3.2 -1.4 0.9 -0.6 -1.9 7

 8 FA316140005 Net national income/Balance of primary incomes, net -231.7 -117.0 -195.8 -188.7 -240.1 -264.3 -318.5 -371.8 8

 9 FA316402101 Operating surplus, net -7.8 -10.1 -7.1 -3.2 -1.4 0.9 -0.6 -1.9 9

10 FA316240001 Taxes on production and imports, receivable 115.2 125.5 136.3 140.3 136.4 130.9 162.8 173.7 10

11 FA316402015 Subsidies (paid) -57.6 -59.2 -57.6 -56.7 -61.2 -59.3 -62.7 -73.3 11

12 FA316150195 Property income (received) 141.1 243.1 171.7 160.2 140.2 139.1 122.7 111.3 12

13 FA316130101 Interest 21.4 22.9 23.8 27.1 29.1 29.3 35.8 39.0 13

14 FA316121105 Distributed income of corporations (dividends) 109.5 210.9 137.6 126.4 106.3 103.7 79.0 63.8 14

15 FA316112101 Rents on land and natural resources 10.2 9.3 10.3 6.7 4.8 6.1 7.8 8.5 15

16 FA316130095 Less: Uses of property income (interest paid) 422.6 416.3 439.1 429.3 454.1 475.9 540.5 581.6 16

17 FA316140005 Net national income/Balance of primary incomes, net -231.7 -117.0 -195.8 -188.7 -240.1 -264.3 -318.5 -371.8 17

18 FA316220001 Plus: Current taxes on income, wealth, etc. (received) 1457.8 1619.4 1763.8 1883.8 1883.9 1884.6 1854.3 1958.0 18

19 FA316601001 Plus: Social benefits (received) 938.0 1091.8 1140.1 1190.8 1224.6 1283.7 1344.6 1402.2 19

20 FA316404001 Less: Social contributions (paid) 1799.8 1840.4 1900.6 1990.3 2045.5 2120.6 2218.5 2347.5 20

21 FA316403105 Plus: Other current transfers (received) 56.1 69.3 87.3 76.2 79.7 85.2 83.9 67.8 21

22 FA316403001 Less: Other current transfers (paid) 493.8 497.9 540.9 577.9 605.0 605.8 634.0 658.5 22

23 FA316012005 Equals: Disposable income, net -73.4 325.2 353.9 394.0 297.5 262.7 111.8 50.3 23

24 FA316901001 Less: Final consumption expenditures 999.3 956.9 951.2 954.2 966.6 985.1 1043.5 1097.3 24

25 FA316006085 Equals: Net saving -1072.7 -631.8 -597.4 -560.2 -669.1 -722.4 -931.7 -1047.0 25

 Capital account

26 FA316006385 Net saving less capital transfers -1163.6 -696.0 -662.2 -620.2 -729.6 -540.5 -991.2 -1113.1 26

27 FA316006085 Net saving -1072.7 -631.8 -597.4 -560.2 -669.1 -722.4 -931.7 -1047.0 27

28 FA315440005 Less: Capital transfers paid (net) 90.9 64.3 64.9 59.9 60.5 -181.9 59.5 66.1 28

29 FA315050905 Capital formation, net 23.7 1.3 -9.0 -35.8 -12.6 -0.6 9.4 24.3 29

 Gross fixed capital formation (acquisition of

30 FA315019001 produced nonfinancial assets) 287.3 269.6 263.8 266.6 268.1 278.7 295.9 321.9 30

31 FA316300001 Less: Consumption of fixed capital 261.6 265.9 270.2 271.5 271.8 277.0 285.8 294.8 31

32 FA315420003 Acquisition of nonproduced nonfinancial assets -2.0 -2.5 -2.6 -30.9 -8.9 -2.2 -0.8 -2.7 32

33 FA315000995 Net lending (+) or borrowing (-), capital account (lines 26-29) -1187.3 -697.3 -653.2 -584.4 -717.0 -540.0 -1000.6 -1137.4 33

 Financial account

34 FA315000995 Net lending (+) or borrowing (-) (line 33) -1187.3 -697.3 -653.2 -584.4 -717.0 -540.0 -1000.6 -1137.4 34

35 FA314090005 Net acquisition of financial assets 75.4 364.6 32.0 236.9 206.3 155.5 323.0 83.7 35

36 FA313011105 Monetary gold and SDRs 0.0 0.0 0.0 0.0 0.7 0.1 0.2 0.2 36

37 FA313011205 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 FA313011303 SDR holdings 0.0 0.0 0.0 0.0 0.7 0.1 0.2 0.2 38

39 FA314000005 Currency and deposits 11.1 65.8 57.2 103.5 67.0 -171.6 178.5 5.7 39

40 FA313011505 Official foreign currencies 0.2 0.2 0.1 0.1 0.0 0.0 0.0 0.1 40

41 FA313011405 Reserve position in IMF (net) 4.0 -3.4 -3.9 -6.5 1.5 -1.8 4.8 4.3 41

42 FA313020005 Currency and transferable deposits 6.7 69.6 60.3 110.4 65.7 -170.2 173.5 1.0 42

43 FA313030003 Time and savings deposits 0.2 -0.5 0.7 -0.5 -0.2 0.4 0.1 0.3 43

44 FA313091105 Nonofficial foreign currencies 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 FA314022005 Debt securities -31.3 -0.1 -0.0 -0.0 0.0 0.0 0.0 0.0 45

46 FA313061703 Agency- and GSE-backed securities -31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 FA313063763 Corporate and foreign bonds -0.2 -0.1 -0.0 -0.0 0.0 0.0 0.0 0.0 47

48 FA314023005 Loans 90.0 271.8 -26.4 106.1 97.9 95.8 99.1 93.6 48

49 FA314041005 Short term 88.4 267.8 -28.2 106.8 94.7 95.6 95.7 92.9 49

50 FA313066220 Consumer credit 127.5 113.3 110.7 103.4 99.6 96.3 90.7 83.0 50

51 FA313069005 Other loans and advances -39.1 154.6 -138.9 3.4 -4.9 -0.7 5.0 10.0 51

52 FA313065005 Long term (mortgages) 1.6 4.0 1.7 -0.7 3.2 0.2 3.4 0.6 52

53 FA313081105 Equity and investment fund shares -14.4 -4.6 0.4 2.1 1.7 1.4 5.3 1.4 53

54 FA313064105 Corporate equities -13.2 -4.8 -1.6 -0.0 -0.1 -0.1 4.0 0.0 54

55 FA313092803 Equity in international organizations 2.2 2.0 2.1 2.1 1.7 1.5 1.3 1.4 55

56 FA313092403 Equity in government-sponsored enterprises (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 FA313094303 Equity investment under Public-Private Inv. Program -3.4 -1.8 0.0 0.0 0.0 0.0 0.0 0.0 57

58 FA313094205 Equity investment in Federal Reserve facilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58
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59 FA313096005 Other accounts receivable 20.0 31.6 0.9 25.3 39.1 229.9 40.0 -17.2 59

60 FA313070000 Trade receivables 2.6 3.3 -5.2 12.7 3.8 0.1 10.4 -1.9 60

61 FA313078000 Taxes receivable 20.8 24.7 -4.1 0.4 24.1 220.4 15.9 -20.9 61

62 FA313093003 Other (miscellaneous assets) -3.5 3.7 10.2 12.2 11.2 9.4 13.7 5.6 62

63 FA314190005 Net incurrence of liabilities 1245.1 873.0 764.8 755.7 882.5 634.7 1295.6 1194.5 63

64 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 64

65 FA314100005 Currency and deposits 0.0 -0.4 -0.3 -0.6 -0.6 -0.3 -0.3 -0.5 65

66 FA314122005 Debt securities 1180.6 857.3 735.9 724.6 842.7 447.0 1409.8 1174.9 66

67 FA313161105 Treasury securities 1181.0 857.7 736.0 724.4 842.8 447.0 1411.2 1176.6 67

68 FA313161705 Federal agency securities -0.4 -0.4 -0.1 0.2 -0.1 -0.1 -1.5 -1.7 68

69 FA314123005 Loans 0.0 0.0 0.0 0.0 0.0 151.7 -151.7 0.0 69

70 FA313152005 Insurance, pension and standardized guarantee schemes 60.0 0.7 29.2 13.6 5.2 15.5 -37.8 -19.7 70

71 FA313140003 Insurance reserves 0.3 0.2 0.8 -0.1 0.1 -0.2 0.2 0.9 71

72 FA313195105 Retiree Health Care Funds 13.3 12.2 10.4 7.4 12.9 9.6 13.9 14.4 72

73 FA343073045 Claims of pension fund on sponsor 46.4 -11.7 18.1 6.4 -7.8 6.2 -51.9 -35.0 73

74 FA313196005 Other accounts payable 4.5 15.4 -0.1 18.1 35.2 20.7 75.6 39.9 74

75 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 75

76 FA313170005 Trade payables 12.8 14.1 -3.1 14.5 29.4 17.5 74.0 36.0 76

77 FA313172003 PPP subsidies payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 77

78 FA313193005 Other (miscellaneous liabilities) -8.3 1.3 3.0 3.5 5.8 3.2 1.6 3.9 78

 Addendum:

79 FA315000005 Net lending (+) or borrowing (-), financial account (lines 35-63) -1169.7 -508.4 -732.8 -518.8 -676.1 -479.1 -972.6 -1110.9 79

 Other changes in volume account

80 FV318090185 Total other volume changes -0.6 180.6 -51.4 122.5 80.3 -120.2 54.2 194.0 80

81 FV312010095 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 81

82 FV318090085 Other volume changes -18.2 -8.3 28.2 56.9 39.4 -181.0 26.3 167.5 82

83 FU317005045 Less: Statistical discrepancy (lines 33-79) (3) -17.5 -188.9 79.6 -65.6 -40.9 -60.8 -28.0 -26.5 83

 Revaluation account

84 FR312010095 Nonfinancial assets 39.7 74.2 50.3 7.1 68.5 89.0 105.6 55.0 84

85 FR315015605 Structures 34.9 45.7 31.2 11.7 43.1 55.9 65.8 31.9 85

86 FR315013265 Equipment 0.2 5.6 9.0 -2.9 6.5 3.2 15.3 2.2 86

87 FR315013765 Intellectual property products 4.7 23.0 10.1 -1.7 18.8 30.0 24.5 20.8 87

88 FR318080005 Financial assets -4.7 0.1 -5.0 -3.3 -2.1 4.0 -5.7 -0.4 88

89 FR313011105 Monetary gold and SDRs 0.1 0.1 -3.3 -2.3 -1.5 2.9 -1.2 -0.3 89

90 FR314000005 Currency and deposits 0.0 0.0 -1.7 -1.1 -0.6 1.1 -0.4 -0.1 90

91 FR313064105 Corporate equities -4.7 0.0 0.0 0.0 0.0 0.0 -4.0 0.0 91

92 FR313094303 Equity investment under Public-Private Inv. Program -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92

93 FR313111303 Liabilities (SDR allocations) 0.1 0.1 -3.2 -2.2 -1.5 2.8 -1.2 -0.3 93

94 FR318200005 Changes in net worth due to nominal holding gains/losses 35.0 74.2 48.5 6.0 67.9 90.2 101.1 54.9 94

 Changes in balance sheet account

95 FC312090095 Change in net worth (lines 29+33+80+94) -1129.2 -441.2 -665.2 -491.7 -581.5 -570.5 -835.9 -864.2 95

 Balance sheet account (end of period)

96 FL312000095 Total assets 4670.2 5098.3 5149.8 5405.6 5670.9 5708.1 6162.0 6486.9 96

97 LM312010095 Nonfinancial assets (4) 3126.7 3204.8 3248.7 3251.0 3315.8 3406.5 3522.1 3604.2 97

98 LM315015605 Structures 1445.7 1483.1 1504.7 1506.8 1539.7 1583.2 1638.1 1662.5 98

99 LM315013265 Equipment 726.6 736.2 746.8 745.5 753.6 762.8 790.2 811.6 99

100 LM315013765 Intellectual property products 954.4 985.4 997.2 998.8 1022.5 1060.4 1093.8 1130.1 100

101 FL314090005 Financial assets 1543.5 1893.6 1901.1 2154.6 2355.1 2301.7 2640.0 2882.7 101

102 FL313011105 Monetary gold and SDRs 55.1 55.2 51.9 49.7 48.9 51.9 50.8 50.8 102

103 FL313011205 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103

104 FL313011303 SDR holdings 55.1 55.2 51.9 49.7 48.9 51.9 50.8 50.7 104
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105 FL314000005 Currency and deposits 155.9 221.8 277.2 379.7 446.1 275.6 453.7 459.2 105

106 FL313011505 Official foreign currencies 24.7 23.6 20.7 19.5 19.3 21.2 20.8 20.6 106

107 FL313011405 Reserve position in IMF (net) 34.4 31.0 25.3 17.7 18.7 17.9 22.3 26.4 107

108 FL313020005 Currency and transferable deposits 92.2 163.0 226.3 338.1 404.0 232.0 405.9 407.2 108

109 FL313030003 Time and savings deposits 2.0 1.5 2.2 1.8 1.5 1.9 2.0 2.3 109

110 FL313091105 Nonofficial foreign currencies 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 110

111 FL314022005 Debt securities 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 111

112 FL313061703 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 112

113 FL313063763 Corporate and foreign bonds 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 113

114 FL314023005 Loans 936.3 1208.1 1181.6 1287.7 1385.6 1481.4 1580.5 1674.0 114

115 FL314041005 Short term 824.8 1092.6 1064.5 1171.2 1265.9 1361.5 1457.3 1550.2 115

116 FL313066220 Consumer credit 622.2 735.5 846.2 949.7 1049.3 1145.6 1236.3 1319.2 116

117 FL313069005 Other loans and advances 202.5 357.1 218.2 221.6 216.6 216.0 221.0 231.0 117

118 FL313065005 Long term (mortgages) 111.5 115.5 117.2 116.5 119.7 119.8 123.2 123.8 118

119 FL313081105 Equity and investment fund shares 97.0 92.4 92.8 94.9 96.6 98.0 99.3 100.6 119

120 LM313064105 Corporate equities 39.9 35.1 33.4 33.4 33.3 33.2 33.2 33.2 120

121 FL313092803 Equity in international organizations 55.3 57.4 59.4 61.5 63.3 64.8 66.1 67.5 121

122 FL313092403 Equity in government-sponsored enterprises (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 122

123 LM313094303 Equity investment under Public-Private Inv. Program 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 123

124 FL313094205 Equity investment in Federal Reserves facilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 124

125 FL313096005 Other accounts receivable 298.6 315.5 296.9 342.1 377.4 394.4 455.3 597.6 125

126 FL313070000 Trade receivables 50.3 53.6 48.4 61.2 64.9 65.0 75.4 73.5 126

127 FL313078000 Taxes receivable 168.5 178.5 154.8 175.1 195.5 203.0 239.8 378.4 127

128 FL313093003 Other (miscellaneous assets) 79.8 83.4 93.6 105.8 117.0 126.4 140.0 145.7 128

129 FL312000095 Total liabilities and net worth 4670.2 5098.3 5149.8 5405.6 5670.9 5708.1 6162.0 6486.9 129

130 FL314190005 Liabilities 15221.7 16091.1 16807.7 17555.2 18401.9 19009.7 20299.5 21488.6 130

131 FL313111303 SDR allocations 54.3 54.4 51.2 48.9 47.5 50.3 49.1 48.8 131

132 FL314100005 Currency and deposits 25.9 25.6 25.3 24.8 24.2 24.0 23.7 23.2 132

133 FL314122005 Debt securities 12847.8 13705.1 14441.1 15165.6 16008.3 16455.3 17865.0 19039.9 133

134 FL313161105 Treasury securities 12822.9 13680.6 14416.7 15141.1 15983.8 16430.9 17842.1 19018.7 134

135 FL313161705 Federal agency securities 24.9 24.5 24.4 24.6 24.5 24.4 22.9 21.2 135

136 FL314123005 Loans 0.0 0.0 0.0 0.0 0.0 151.7 0.0 0.0 136

137 FL313152005 Insurance, pension and standardized guarantee schemes 2049.9 2048.6 2036.4 2048.1 2025.5 2015.0 1974.4 1953.4 137

138 FL313140003 Insurance reserves 50.3 50.5 51.3 51.1 51.3 51.1 51.3 52.2 138

139 FL313195105 Retiree Health Care Funds 234.8 246.9 257.3 264.7 277.6 287.1 301.0 315.4 139

140 FL343073045 Claims of pension fund on sponsor 1764.9 1751.2 1727.8 1732.3 1696.6 1676.8 1622.1 1585.8 140

141 FL313196005 Other accounts payable 243.8 257.4 253.8 267.7 296.5 313.5 387.3 423.3 141

142 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 142

143 FL313170005 Trade payables 235.8 249.9 246.8 261.4 290.7 308.2 382.3 418.3 143

144 FL313172003 PPP subsidies payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 144

145 FL313193013 Other (miscellaneous liabilities) 2.8 2.3 1.8 1.2 0.6 0.1 -0.2 -0.2 145

146 FL312090095 Net worth -10551.5 -10992.7 -11657.9 -12149.6 -12731.1 -13301.6 -14137.5 -15001.7 146

(1) The federal government sector excludes federal government employee retirement funds.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(4) Excludes land and nonproduced nonfinancial assets.
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 Current account

 1 FA216902505 Gross value added 1463.0 1526.1 1573.5 1626.7 1661.3 1705.2 1780.4 1846.8 1

 2 FA216300001 Less: Consumption of fixed capital 232.0 238.8 246.3 251.4 256.5 266.2 280.3 293.5 2

 3 FA216902605 Equals: Net value added 1231.0 1287.4 1327.1 1375.3 1404.8 1439.1 1500.1 1553.4 3

 4 FA216025001 Compensation of employees (paid) 1238.7 1293.2 1331.0 1377.3 1407.7 1445.2 1505.3 1559.1 4

 5 FA216020001 Wages and salaries 870.7 887.6 912.9 945.3 971.8 1003.6 1045.3 1085.4 5

 6 FA216401005 Employers’ social contributions 368.0 405.6 418.1 432.0 435.8 441.6 460.0 473.8 6

 7 FA216402101 Operating surplus, net -7.6 -5.9 -3.9 -2.0 -2.9 -6.2 -5.2 -5.7 7

 8 FA216140005 Net national income/Balance of primary incomes, net 813.6 868.2 921.3 944.6 973.8 1028.7 1089.6 1110.5 8

 9 FA216402101 Operating surplus, net -7.6 -5.9 -3.9 -2.0 -2.9 -6.2 -5.2 -5.7 9

10 FA216240001 Taxes on production and imports, receivable 1021.0 1063.2 1104.5 1134.8 1175.3 1233.0 1282.0 1317.7 10

11 FA216402015 Subsidies (paid) -0.5 -0.5 -0.5 -0.5 -0.5 -0.6 -0.6 -0.6 11

12 FA216150195 Property income (received) 81.8 82.4 84.3 82.0 85.3 90.8 94.6 96.8 12

13 FA216130101 Interest 65.3 65.2 66.4 65.4 68.6 73.8 77.1 78.4 13

14 FA216121101 Distributed income of corporations (dividends) 4.1 4.7 5.3 5.4 5.7 5.8 6.0 6.6 14

15 FA216112101 Rents on land and natural resources 12.5 12.5 12.7 11.2 11.0 11.2 11.5 11.8 15

16 FA216130095 Less: Uses of property income (interest paid) 281.1 271.1 263.2 269.7 283.4 288.4 281.3 297.7 16

17 FA216140005 Net national income/Balance of primary incomes, net 813.6 868.2 921.3 944.6 973.8 1028.7 1089.6 1110.5 17

18 FA216220005 Plus: Current taxes on income, wealth, etc. (received) 393.8 427.4 437.4 463.6 463.3 486.3 528.2 559.4 18

19 FA216601001 Plus: Social benefits (received) 17.2 17.7 18.7 19.2 20.0 20.0 21.0 21.7 19

20 FA216404001 Less: Social contributions (paid) 540.8 564.4 617.5 665.3 692.6 707.5 727.2 754.6 20

21 FA216403105 Plus: Other current transfers (received) 550.1 560.9 616.5 675.5 690.4 691.2 722.5 753.0 21

22 FA216403001 Less: Other current transfers (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 FA216012005 Equals: Disposable income, net 1233.9 1309.8 1376.3 1437.7 1455.0 1518.7 1634.1 1690.0 23

24 FA216901001 Less: Final consumption expenditures 1516.7 1575.1 1614.2 1653.5 1694.2 1757.6 1847.8 1897.8 24

25 FA216006095 Equals: Net saving -282.8 -265.3 -237.9 -215.8 -239.2 -238.8 -213.7 -207.7 25

 Capital account

26 FA216006395 Net saving less capital transfers -208.5 -193.7 -167.3 -146.0 -166.6 -166.9 -141.5 -134.0 26

27 FA216006095 Net saving -282.8 -265.3 -237.9 -215.8 -239.2 -238.8 -213.7 -207.7 27

28 FA215440005 Less: Capital transfers paid (net) -74.4 -71.6 -70.6 -69.8 -72.6 -71.9 -72.2 -73.8 28

29 FA215050905 Capital formation, net 112.7 102.4 103.0 116.4 126.5 133.6 143.9 154.3 29

 Gross fixed capital formation (acquisition of

30 FA215019001 produced nonfinancial assets) 333.7 330.8 338.8 356.0 370.4 385.6 407.9 431.0 30

31 FA216300001 Less: Consumption of fixed capital 232.0 238.8 246.3 251.4 256.5 266.2 280.3 293.5 31

32 FA215420003 Acquisition of nonproduced nonfinancial assets 10.9 10.4 10.6 11.9 12.6 14.2 16.2 16.8 32

33 FA215000995 Net lending (+) or borrowing (-), capital account (lines 26-29) -321.1 -296.0 -270.3 -262.4 -293.0 -300.5 -285.3 -288.3 33

 Financial account

34 FA215000995 Net lending (+) or borrowing (-) (line 33) -321.1 -296.0 -270.3 -262.4 -293.0 -300.5 -285.3 -288.3 34

35 FA214090005 Net acquisition of financial assets -32.9 133.9 -46.3 76.7 171.0 85.7 67.9 31.8 35

36 FA214000005 Currency and deposits 9.9 27.3 28.4 5.5 14.1 11.7 0.3 25.9 36

37 FA213020005 Currency and transferable deposits -9.0 6.9 16.8 -8.6 5.9 -2.5 -7.6 6.2 37

38 FA213030000 Time and savings deposits 19.0 20.4 11.6 14.2 8.2 14.1 7.9 19.8 38

39 FA214022005 Debt securities -34.1 86.6 -73.3 26.7 105.7 56.1 8.9 48.2 39

40 FA213069103 Open market paper -11.0 -3.9 -10.7 -3.3 0.5 4.2 0.5 -0.6 40

41 FA213061105 Treasury securities 33.7 43.1 -4.2 16.8 72.3 17.7 -12.4 51.4 41

42 FA213061703 Agency- and GSE-backed securities (2) -45.2 23.3 -49.2 -4.0 25.8 26.0 5.6 2.4 42

43 FA213062003 Municipal securities -0.8 1.8 -1.5 0.5 1.0 0.5 0.5 -0.9 43

44 FA213063003 Corporate and foreign bonds -10.7 22.3 -7.7 16.7 6.1 7.7 14.6 -4.1 44

45 FA214035005 Loans -3.4 23.6 -4.5 17.4 19.3 23.3 3.2 -3.3 45

46 FA212051003 Short term -0.9 9.8 -0.6 7.8 7.4 8.9 1.1 -1.3 46

47 FA213065005 Long term (mortgages) -2.5 13.8 -3.9 9.6 11.9 14.4 2.1 -1.9 47

48 FA213081005 Equity and investment fund shares -4.4 -3.0 -3.9 -2.4 3.2 -1.9 -4.3 4.6 48

49 FA213034003 Money market fund shares -2.2 -0.8 -1.7 -0.2 5.4 0.3 -2.1 6.8 49

50 FA213064103 Corporate equities -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 50

51 FA213064203 Mutual fund shares 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 51

52 FA213096005 Other accounts receivable -1.0 -0.6 7.0 29.5 28.8 -3.5 59.7 -43.6 52

53 FA213070003 Trade receivables 5.6 9.4 11.0 0.6 17.5 6.2 22.8 19.1 53

54 FA213078005 Taxes receivable 7.5 3.3 7.1 5.6 10.7 5.2 18.6 8.4 54

55 FA213093003 Other (miscellaneous assets) -14.0 -13.3 -11.2 23.3 0.6 -15.0 18.3 -71.2 55
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56 FA214190005 Net incurrence of liabilities 236.0 376.9 172.0 225.9 320.4 253.5 223.1 306.8 56

57 FA213162005 Debt securities (municipals) 4.1 -52.0 -35.6 11.9 32.3 -0.3 -50.9 9.4 57

58 FA213162400 Short term 4.0 -11.2 -6.4 -5.9 -2.7 4.8 2.9 6.8 58

59 FA213162200 Other 0.0 -40.8 -29.2 17.9 35.0 -5.1 -53.8 2.6 59

60 FA213169203 Loans (short term) -12.2 44.7 -43.0 0.1 0.3 0.5 1.1 1.0 60

61 FA223073045 Insurance, pension and standardized guarantee schemes 205.8 345.4 210.8 172.7 244.8 207.9 224.9 246.9 61

 (claim of pension funds on sponsor)

62 FA213170003 Other accounts payable (trade payables) 38.3 38.8 39.8 41.2 43.1 45.4 48.1 49.4 62

 Addendum:

63 FA215000005 Net lending (+) or borrowing (-), financial account (lines 35-56) -268.9 -243.0 -218.3 -149.2 -149.5 -167.8 -155.2 -275.0 63

 Other changes in volume account

64 FV218090185 Total other volume changes 113.6 -710.4 -62.4 15.0 58.9 86.3 93.7 79.9 64

65 FV212010095 Disaster losses -7.4 0.0 0.0 0.0 0.0 -2.1 -0.2 0.0 65

66 FV218090085 Other volume changes 68.7 -763.4 -114.3 -98.2 -84.7 -44.3 -36.2 66.6 66

67 FU217005045 Less: Statistical discrepancy (lines 33-63) (3) -52.3 -53.1 -51.9 -113.2 -143.6 -132.7 -130.1 -13.3 67

 Revaluation account

68 FR212010095 Nonfinancial assets 230.5 250.4 159.4 89.8 213.4 345.2 504.5 334.5 68

69 FR215015605 Structures 227.0 246.7 156.1 91.1 211.2 340.6 496.2 331.5 69

70 FR215013265 Equipment 2.1 1.8 3.1 0.6 0.7 2.1 5.6 0.6 70

71 FR215013765 Intellectual property products 1.3 1.9 0.3 -2.0 1.5 2.5 2.7 2.4 71

72 FR213081005 Financial assets (equity and investment fund shares) 17.1 36.5 14.6 -3.6 15.8 34.4 -16.4 53.3 72

73 FR223073045 Liabilities (claim of pension funds on sponsor) -279.9 -498.8 -157.7 109.9 -152.6 -463.1 217.4 -537.4 73

74 FR218200005 Changes in net worth due to nominal holding gains/losses 527.4 785.7 331.8 -23.8 381.8 842.7 270.8 925.1 74

 Changes in balance sheet account

75 FC212090095 Change in net worth (lines 29+33+64+74) 432.5 -118.4 102.1 -154.8 274.1 762.1 223.0 871.0 75

 Balance sheet account (end of period)

76 FL212000095 Total assets 12145.6 12591.1 12843.7 13094.8 13591.0 14194.0 14889.7 15513.0 76

77 LM212010095 Nonfinancial assets (4) 9396.0 9738.4 9990.2 10184.5 10511.7 10974.1 11606.1 12078.0 77

78 LM215015605 Structures 9043.9 9380.1 9626.6 9819.5 10139.0 10588.2 11201.9 11661.5 78

79 LM215013265 Equipment 242.4 243.7 245.6 245.2 247.5 254.0 264.9 270.6 79

80 LM215013765 Intellectual property products 109.7 114.6 118.1 119.8 125.2 131.9 139.3 145.9 80

81 FL214090005 Financial assets 2749.5 2852.7 2853.5 2910.3 3079.2 3219.8 3283.6 3435.0 81

82 FL214000005 Currency and deposits 449.0 476.3 504.7 510.2 524.4 536.0 536.3 562.2 82

83 FL213020005 Currency and transferable deposits 122.1 128.9 145.7 137.1 143.0 140.6 132.9 139.1 83

84 FL213030000 Time and savings deposits 327.0 347.4 359.0 373.2 381.3 395.5 403.4 423.2 84

85 FL214022005 Debt securities 1409.0 1429.7 1389.7 1401.1 1489.2 1566.2 1587.7 1702.4 85

86 FL213069103 Open market paper 90.9 87.0 76.3 73.0 73.4 77.7 78.2 77.6 86

87 FL213061105 Treasury securities 622.3 634.3 646.5 680.8 742.3 760.0 770.7 849.6 87

88 FL213061703 Agency- and GSE-backed securities (2) 508.4 510.3 473.0 445.6 461.7 504.7 513.4 534.2 88

89 FL213062003 Municipal securities 14.0 14.8 14.5 15.0 15.8 16.7 16.8 16.7 89

90 FL213063003 Corporate and foreign bonds 173.3 183.3 179.6 186.6 195.9 207.2 208.6 224.4 90

91 FL214035005 Loans 345.3 367.5 362.2 378.8 397.7 420.5 423.5 420.1 91

92 FL212051003 Short term 130.5 140.3 139.7 147.5 154.8 163.7 164.9 163.6 92

93 FL213065005 Long term (mortgages) 214.8 227.2 222.6 231.3 242.8 256.8 258.6 256.5 93

94 FL213081005 Equity and investment fund shares 164.3 197.8 208.5 202.5 221.5 254.0 233.4 291.2 94

95 FL213034003 Money market fund shares 18.9 18.1 16.4 16.2 21.6 21.9 19.8 26.5 95

96 LM213064103 Corporate equities 93.2 118.2 126.9 121.5 130.5 151.5 137.7 173.2 96

97 LM213064203 Mutual fund shares 52.3 61.6 65.3 64.8 69.5 80.7 75.9 91.5 97

98 FL213096005 Other accounts receivable 381.9 381.3 388.3 417.8 446.5 443.0 502.7 459.1 98

99 FL213070003 Trade receivables 162.6 172.1 183.1 183.7 201.2 207.4 230.2 249.3 99

100 FL213078005 Taxes receivable 119.5 122.8 129.9 135.5 146.2 151.4 170.0 178.5 100

101 FL213093003 Other (miscellaneous assets) 99.8 86.4 75.3 98.6 99.2 84.2 102.5 31.3 101
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102 FL212100005 Total liabilities and net worth 12145.6 12591.1 12843.7 13094.8 13591.0 14194.0 14889.7 15513.0 102

103 FL214190005 Liabilities 6925.1 7488.9 7639.5 8045.3 8267.4 8108.3 8581.0 8333.3 103

104 FL213162005 Debt securities (municipals) 3162.3 3110.3 3074.7 3086.6 3119.0 3118.6 3067.7 3077.1 104

105 FL213162400 Short term 56.6 45.5 39.1 33.1 30.4 35.2 38.0 44.8 105

106 FL213162200 Other 3105.7 3064.9 3035.7 3053.5 3088.5 3083.4 3029.6 3032.3 106

107 FL213169203 Loans (short term) 16.4 61.1 18.1 18.2 18.5 18.9 20.1 21.1 107

108 FL223073045 Insurance, pension and standardized guarantee schemes 3001.0 3533.4 3722.7 4075.3 4221.7 4017.1 4491.6 4184.0 108

 (claim of pension funds on sponsor)

109 FL213170003 Other accounts payable (trade payables) 745.4 784.2 824.0 865.1 908.2 953.6 1001.7 1051.1 109

110 FL212090095 Net worth 5220.5 5102.1 5204.3 5049.5 5323.6 6085.7 6308.7 7179.7 110

(1) The state and local government sector excludes state and local government employee retirement funds.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(4) Excludes land and nonproduced nonfinancial assets.
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 Current account

 1 FA266905095 Foreign income from U.S. 3549.0 3588.4 3737.0 3687.1 3673.4 3961.2 4289.5 4334.5 1

 2 FA266903001 U.S. imports of goods and services 2759.9 2764.2 2879.4 2792.4 2739.7 2930.1 3138.2 3125.2 2

 3 FA266904195 U.S. income payments to rest of world 567.4 592.7 612.5 640.4 661.5 740.4 858.2 900.2 3

 4 FA266400101 Current taxes and trans. payments to rest of world 221.8 231.5 245.2 254.3 272.2 290.6 293.2 309.1 4

 5 FA266900095 Less: Foreign outlays to U.S. 3107.7 3228.0 3371.4 3263.4 3265.9 3569.6 3821.7 3831.8 5

 6 FA266903011 U.S. exports of goods and services 2191.3 2273.4 2371.7 2265.9 2227.2 2374.6 2528.7 2514.8 6

 7 FA266904095 U.S. income receipts from rest of world 799.7 823.4 853.5 860.8 893.5 1032.7 1142.9 1169.8 7

 8 FA266400201 Current taxes and trans. receipts from rest of world (1) 116.7 131.1 146.2 136.8 145.2 162.3 150.2 147.2 8

 9 FA266000095 Equals: Net saving (current external balance) 441.3 360.5 365.6 423.7 407.4 391.5 467.8 502.8 9

 Capital account

10 FA266000095 Net saving 441.3 360.5 365.6 423.7 407.4 391.5 467.8 502.8 10

11 FA265440005 Less: Net capital transfers 0.6 -7.0 -6.9 -8.4 -7.0 -16.0 -4.5 -6.6 11

12 FA265420095 Less: Acquisition of nonproduced nonfinancial assets -0.1 -0.0 -0.0 0.0 0.0 -0.0 -0.1 -0.1 12

13 FA265000905 Net lending (+) or borrowing (-), capital account (lines 10-11-12) 440.8 367.4 372.5 432.0 414.5 407.5 472.4 509.5 13

 Financial account

14 FA265000905 Net lending (+) or borrowing (-) (line 13) 440.8 367.4 372.5 432.0 414.5 407.5 472.4 509.5 14

15 FA264090005 Net acquisition of U.S. financial assets 880.2 1124.7 1149.9 680.1 753.1 1508.7 745.0 586.4 15

16 FA263011005 Monetary gold and SDRs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 FA263011205 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 FA264000005 Currency and deposits -29.9 370.9 102.5 -45.6 -13.1 202.4 165.1 -26.5 19

20 FA263025003 Currency 57.1 37.7 66.3 38.4 42.3 69.7 65.3 51.3 20

21 FA263027003 Transferable deposits 11.1 13.0 16.6 -5.7 17.8 11.9 14.2 7.7 21

22 FA263030005 Time deposits 38.0 51.5 54.2 -18.6 70.8 16.9 36.7 -2.2 22

23 FA264016005 Net interbank items due from U.S. banks -136.2 268.7 -34.6 -59.6 -144.0 104.0 48.9 -83.3 23

24 FA264022005 Debt securities 495.9 553.6 527.8 406.5 341.6 652.0 142.6 444.3 24

25 FA263069103 Open market paper 0.1 -0.9 7.7 -2.3 36.9 -6.8 -9.5 5.5 25

26 FA263061105 Treasury securities 589.7 423.2 314.2 42.7 -107.9 308.2 120.2 225.7 26

27 FA263061705 Agency- and GSE-backed securities (2) -73.6 -83.6 -8.1 24.8 79.1 22.0 95.7 56.1 27

28 FA263062003 Municipal securities -0.6 4.5 4.3 6.5 7.2 7.1 -1.6 4.0 28

29 FA263063005 Corporate bonds -19.7 210.4 209.6 334.9 326.3 321.5 -62.2 153.1 29

30 FA264035005 Loans -52.1 46.4 197.3 73.2 170.2 143.5 -108.2 100.8 30

31 FA264041005 Short term -52.2 40.9 131.4 15.7 64.4 130.6 -7.4 109.1 31

32 FA262051005 Security repurchases 0.1 45.1 100.4 -21.2 68.7 31.0 -30.8 11.6 32

33 FA263069500 Loans to U.S. corporate business -52.2 -4.2 31.0 36.9 -4.3 99.5 23.5 97.5 33

34 FA263092303 Long term (U.S. direct investment abroad: debt) 0.1 5.5 65.9 57.5 105.8 12.9 -100.8 -8.3 34

35 FA263081005 Equity and investment fund shares 450.5 149.1 300.4 239.0 234.5 451.7 501.2 46.2 35

36 FA263034003 Money market fund shares 22.6 9.2 -0.9 2.3 -14.3 0.1 17.3 14.4 36

37 FA263064105 Corporate equities 136.9 -54.9 114.3 -191.4 -186.3 116.9 110.9 -205.4 37

38 FA263064203 Mutual fund shares 79.6 -17.0 40.9 1.8 60.9 32.6 28.7 -53.0 38

39 FA263092101 Foreign direct investment in the U.S.: equity 211.4 211.8 146.1 426.3 374.2 302.0 344.3 290.3 39

40 FA263052005 Insurance, pension and standardized guarantee schemes 4.0 -1.3 9.1 -3.8 13.4 13.5 10.9 2.9 40

41 FA263076005 Insurance receivables due from property-casualty insurance companies 1.5 3.7 -0.4 2.9 1.2 10.4 9.1 2.0 41

42 FA543141905 Life insurance reserves 1.5 -4.1 6.7 -4.6 11.0 2.7 -9.3 0.3 42

43 FA543151905 Pension entitlements 1.0 -0.8 2.8 -2.0 1.2 0.4 11.0 0.6 43

44 FA263070005 Other accounts receivable 11.7 5.9 12.8 10.8 6.4 45.6 33.4 18.6 44

45 FA264190005 Net incurrence of liabilities -13.7 160.0 132.7 -141.0 1.0 647.3 482.8 387.4 45

46 FA313011303 SDR holdings 0.0 0.0 0.0 0.0 0.7 0.1 0.2 0.2 46

47 FA264100005 Currency and deposits -143.0 28.0 -121.4 -242.1 -83.4 258.0 71.2 66.7 47

48 FA263111503 Official foreign currencies 0.4 0.3 0.2 0.2 0.1 0.0 0.0 0.2 48

49 FA263111403 Reserve position in IMF (net) 4.0 -3.4 -3.8 -6.5 1.3 -1.8 4.8 4.3 49

50 FA263191005 U.S. private deposits -147.4 31.1 -117.8 -235.8 -84.8 259.8 66.3 62.2 50

51 FA313091105 Nonofficial foreign currencies 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 51

52 FA264122005 Debt securities 160.8 206.1 162.8 -31.3 5.8 384.2 145.3 158.8 52

53 FA263169105 Commercial paper 48.2 66.3 8.9 54.6 -59.2 91.9 6.3 84.4 53

54 FA263163005 Bonds 112.6 139.8 153.9 -85.9 65.0 292.3 139.0 74.3 54
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55 FA264135005 Loans 9.6 -67.7 114.4 125.9 132.8 -49.5 209.7 148.3 55

56 FA264141005 Short term -7.5 -54.9 111.6 143.8 153.1 -10.7 161.0 203.0 56

57 FA262151003 Security repurchases 36.0 -108.6 16.5 80.8 115.9 -32.8 116.4 109.1 57

58 FA263169005 Other loans and advances 7.0 1.7 2.8 0.7 -1.5 2.8 -5.8 7.1 58

59 FA263168005 Depository institution loans n.e.c. 40.4 60.5 91.1 62.9 34.1 12.7 58.2 87.2 59

60 FA713091103 Nonoff. foreign currencies (swap lines) -90.9 -8.6 1.3 -0.5 4.6 6.5 -7.9 -0.5 60

61 FA263192305 Long term (foreign direct investment in the U.S.: debt) 17.1 -12.8 2.7 -18.0 -20.3 -38.8 48.8 -54.6 61

62 FA263181105 Equity and investment fund shares 375.8 607.3 764.0 484.6 268.0 531.8 -20.6 -17.6 62

63 FA263164100 Corporate equities 104.0 287.4 431.6 196.9 21.7 139.9 171.3 -191.3 63

64 FA313092803 U.S. government equity in IBRD, etc. 2.2 2.0 2.1 2.1 1.7 1.5 1.3 1.4 64

65 FA263192101 U.S. direct investment abroad: equity 321.2 334.7 344.9 292.5 325.7 392.2 -218.1 173.5 65

66 FA263194735 Investment by holding companies -51.5 -16.9 -14.6 -6.9 -81.2 -1.8 24.9 -1.2 66

67 FA263152005 Insurance, pension and standardized guarantee schemes 4.9 -1.0 -5.8 9.9 21.9 47.4 27.5 11.2 67

68 FA263170005 Other accounts payable 3.3 9.5 -4.9 1.4 2.7 7.4 2.7 2.0 68

 Addendum:

69 FA265000005 Net lending (+) or borrowing (-), financial account (lines 15-45) 468.7 342.6 240.6 331.7 404.6 329.3 309.0 216.8 69

 Other changes in volume account

70 FV268090185 Total other volume changes 39.3 40.6 -193.3 -90.1 -85.3 -93.8 213.7 -314.2 70

71 FV268090085 Other volume changes 11.4 65.4 -61.5 10.2 -75.5 -15.6 377.1 -21.5 71

72 FU267005005 Less: Statistical discrepancy (lines 13-69) (3) -27.8 24.8 131.8 100.3 9.8 78.3 163.4 292.7 72

 Revaluation account

73 FR264090005 Financial assets 775.8 1816.7 1003.4 -727.4 720.4 2229.9 -1585.2 4211.8 73

74 FR263011005 Monetary gold and SDRs 0.1 0.1 -3.2 -2.2 -1.5 2.8 -1.2 -0.3 74

75 FR264000005 Currency and deposits -0.0 1.5 -1.1 -1.4 -0.6 -1.6 -0.9 -1.4 75

76 FR264022005 Debt securities 105.6 -382.2 87.9 -268.0 -69.5 67.6 -356.9 507.9 76

77 FR263069103 Open market paper -0.0 -0.6 -1.1 -1.4 -0.4 1.5 0.8 0.1 77

78 FR263061105 Treasury securities -22.6 -215.8 94.0 -56.2 -43.0 -21.7 -61.5 198.6 78

79 FR263061705 Agency- and GSE-backed securities -1.3 -11.4 8.0 -3.7 -1.8 -0.4 -7.9 13.4 79

80 FR263063005 Corporate bonds 129.5 -154.4 -12.9 -206.7 -24.2 88.1 -288.4 295.9 80

81 FR263092303 Foreign direct investment in the U.S.: debt -30.5 -0.3 -10.0 2.3 -47.4 -11.4 27.9 34.5 81

82 FR263081005 Equity and investment fund shares 700.5 2197.5 930.1 -457.8 839.6 2172.1 -1253.8 3673.4 82

83 FR263064105 Corporate equities 419.0 1307.3 600.9 -228.2 468.1 1119.8 -500.8 1774.9 83

84 FR263064203 Mutual fund shares 45.4 74.6 22.7 -17.9 32.8 101.9 -58.4 150.1 84

85 FR263092101 Foreign direct investment in the U.S.: equity 236.1 815.6 306.5 -211.7 338.7 950.4 -694.6 1748.4 85

86 FR263070005 Other accounts receivable 0.2 0.1 -0.2 -0.3 -0.2 0.4 -0.3 -2.4 86

87 FR264194005 Liabilities 1231.5 1455.7 -411.6 -855.5 305.4 3084.5 -2812.8 3145.8 87

88 FR313011303 SDR holdings 0.1 0.1 -3.3 -2.3 -1.5 2.9 -1.2 -0.3 88

89 FR264100005 Currency and deposits 5.8 -2.5 -9.4 -3.3 0.1 -2.5 -3.0 -0.8 89

90 FR263111503 Official foreign currencies -2.3 -2.6 -5.9 -2.8 -0.3 3.7 -0.8 -0.5 90

91 FR263111403 Reserve position in IMF (net) 0.0 0.0 -1.7 -1.1 -0.6 1.1 -0.4 -0.1 91

92 FR263191005 U.S. private deposits 8.1 0.1 -1.8 0.6 1.0 -7.2 -1.8 -0.1 92

93 FR263191103 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 93

94 FR263163005 Debt securities (corporate bonds) 139.1 -114.7 17.1 -102.6 49.5 135.3 -98.3 240.5 94

95 FR264135005 Loans 27.6 -26.3 57.9 4.4 -17.0 10.4 -3.7 -6.7 95

96 FR263169203 Short term (other loans and advances) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 96

97 FR263192101 Long term (U.S. direct investment abroad: debt) 342.6 735.6 -339.6 -539.7 47.7 1105.8 -1316.3 1162.1 97

98 FR263181105 Equity and investment fund shares 1059.1 1599.2 -473.4 -751.1 274.6 2937.7 -2706.2 2912.9 98

99 FR263164100 Corporate equities 716.4 863.6 -133.9 -211.4 226.8 1831.9 -1389.9 1750.8 99

100 FR263192101 U.S. direct investment abroad: equity 342.6 735.6 -339.6 -539.7 47.7 1105.8 -1316.3 1162.1 100

101 FR263152005 Insurance, pension and standardized guarantee schemes -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.2 101

102 FR263170005 Other accounts payable -0.1 -0.1 -0.5 -0.6 -0.3 0.7 -0.3 0.0 102

103 FR265000005 Changes in net worth due to nominal holding gains/losses -455.7 361.0 1415.1 128.2 415.0 -854.6 1227.5 1066.0 103

 Changes in balance sheet account

104 FC262090095 Change in net worth (lines 13+70+103) 24.4 769.0 1594.2 470.1 744.1 -540.9 1913.6 1261.3 104
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 Financial balance sheet account (end of period)

105 FL264090005 Total financial assets (4) 20025.7 23012.4 25138.2 25116.7 26642.2 30413.7 29967.3 34771.5 105

106 FL313111303 SDR allocations 54.3 54.4 51.2 48.9 47.5 50.3 49.1 48.8 106

107 FL264000005 Currency and deposits 957.8 1328.7 1431.0 1385.0 1371.6 1571.0 1736.7 1710.3 107

108 FL263025003 Currency 454.2 491.9 558.2 596.6 638.9 708.6 773.9 825.2 108

109 FL263027003 Transferable deposits 86.3 99.4 116.0 110.2 128.0 139.9 154.1 161.8 109

110 FL263030005 Time deposits 393.7 445.1 499.2 480.2 550.8 564.6 601.9 599.7 110

111 FL264016005 Net interbank items due from U.S. banks 23.5 292.2 257.6 198.0 54.0 158.0 206.8 123.6 111

112 FL264022005 Debt securities 9364.8 9586.9 10174.2 10337.3 10661.1 11341.9 11186.0 12070.9 112

113 LM263069103 Open market paper 102.8 101.3 108.0 104.3 140.8 135.4 124.7 130.3 113

114 LM263061105 Treasury securities 5571.5 5792.6 6158.0 6146.2 6002.8 6211.3 6270.1 6690.8 114

115 LM263061705 Agency- and GSE-backed securities (2) 1001.2 883.8 899.6 916.5 991.6 1012.2 1087.0 1182.1 115

116 FL263062003 Municipal securities 71.8 76.2 80.6 87.0 94.2 101.3 99.7 103.7 116

117 LM263063005 Corporate bonds 2617.6 2732.9 2928.0 3083.3 3431.7 3881.7 3604.4 3964.0 117

118 FL264035005 Loans 1422.3 1468.5 1655.8 1731.4 1854.2 2059.3 2313.0 2520.3 118

119 FL264041005 Short term 922.4 963.3 1094.7 1110.4 1174.8 1378.4 1705.0 1886.1 119

120 FL262051005 Security repurchases 778.5 823.6 924.0 902.8 971.5 1002.6 971.7 1055.3 120

121 FL263069500 Loans to U.S. corporate business 143.9 139.7 170.6 207.5 203.3 375.8 733.3 830.8 121

122 FL263092303 Long term (U.S. direct investment abroad: debt) 500.0 505.2 561.1 621.0 679.4 680.9 608.0 634.2 122

123 FL263081005 Equity and investment fund shares 7961.2 10307.8 11538.3 11319.5 12393.6 15017.4 14264.7 17984.4 123

124 FL263034003 Money market fund shares 96.9 106.2 105.3 107.6 93.3 93.4 110.7 125.1 124

125 LM263064105 Corporate equities 3953.0 5205.4 5920.6 5500.9 5782.7 7019.4 6629.5 8199.0 125

126 LM263064203 Mutual fund shares 495.4 553.1 616.6 600.6 694.2 828.7 799.0 896.1 126

127 LM263092101 Foreign direct investment in the U.S.: equity 3415.8 4443.2 4895.8 5110.4 5823.4 7075.8 6725.5 8764.2 127

128 FL263052005 Insurance, pension and standardized guarantee schemes 43.1 41.9 51.0 47.2 60.6 74.2 85.0 88.0 128

129 FL263076005 Insurance receivables due from property-casualty insurance companies 32.3 36.1 35.7 38.6 39.8 50.1 59.2 61.3 129

130 FL543141905 Life insurance reserves 8.0 3.9 10.6 5.9 17.0 19.7 10.4 10.7 130

131 FL543151905 Pension entitlements 2.8 2.0 4.7 2.7 3.9 4.3 15.4 16.0 131

132 LM263070005 Other accounts receivable 222.2 224.3 236.8 247.4 253.5 299.6 332.7 348.9 132

133 FL262100005 Total liabilities and net worth 20025.7 23012.4 25138.2 25116.7 26642.2 30413.7 29967.3 34771.5 133

134 FL264194005 Total liabilities 15710.2 17927.9 18459.5 17967.9 18749.3 23061.6 20701.6 24244.6 134

135 FL313011303 SDR holdings 55.1 55.2 51.9 49.7 48.9 51.9 50.8 50.7 135

136 FL264100005 Currency and deposits 1006.0 1031.4 897.1 650.3 560.4 823.4 893.3 864.5 136

137 FL263111503 Official foreign currencies 49.7 47.4 41.8 39.1 38.9 42.6 41.8 41.4 137

138 FL263111403 Reserve position in IMF (net) 34.2 30.8 25.2 17.6 18.4 17.6 22.0 26.2 138

139 LM263191005 U.S. private deposits 919.5 950.6 827.6 590.9 500.6 760.5 826.9 794.4 139

140 FL313091105 Nonofficial foreign currencies 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 140

141 FL264122005 Debt securities 2566.1 2649.5 2866.9 2753.4 2801.2 3344.0 3406.1 3804.5 141

142 FL263169105 Commercial paper 199.4 265.7 274.6 329.3 270.1 362.0 368.3 452.8 142

143 LM263163005 Bonds 2366.7 2383.8 2592.3 2424.1 2531.1 2982.0 3037.7 3351.7 143

144 FL264135005 Loans 1310.4 1216.4 1388.6 1515.4 1631.1 1609.6 1815.6 2080.3 144

145 FL264141005 Short term 1071.4 1016.4 1128.1 1268.5 1421.5 1428.4 1589.4 1915.3 145

146 FL262151003 Security repurchases 800.7 692.2 708.6 789.5 905.4 872.6 989.0 1221.2 146

147 FL263169005 Other loans and advances 32.8 34.6 37.4 37.5 36.0 56.4 50.6 57.7 147

148 FL263168005 Depository institution loans n.e.c. 228.9 289.4 380.5 440.5 474.6 487.3 545.5 632.7 148

149 FL713091103 Nonoff. foreign currencies (swap lines) 8.9 0.3 1.5 1.0 5.6 12.1 4.2 3.7 149

150 FL263192305 Long term (foreign direct investment in the U.S.: debt) 239.0 199.9 260.5 246.9 209.6 181.2 226.3 164.9 150

151 FL263181105 Equity and investment fund shares 10475.8 12682.3 12972.9 12706.4 13390.6 16860.1 14133.4 17028.7 151

152 LM263164100 Corporate equities 5321.9 6472.9 6770.6 6756.2 7146.3 9118.1 7899.6 9459.1 152

153 FL313092803 U.S. government equity in IBRD, etc. 55.3 57.4 59.4 61.5 63.3 64.8 66.1 67.5 153

154 LM263192101 U.S. direct investment abroad: equity 4983.9 6054.2 6059.6 5812.3 6185.8 7683.8 6149.4 7485.0 154

155 FL263194735 Investment by holding companies 114.7 97.9 83.3 76.4 -4.8 -6.6 18.3 17.1 155

156 FL263152005 Insurance, pension and standardized guarantee schemes 223.2 222.2 216.4 226.3 248.2 295.6 323.0 334.3 156

157 LM263170005 Other accounts payable 73.7 71.0 65.6 66.5 69.0 77.1 79.4 81.4 157

158 FL262090095 Net worth (external account) 4315.5 5084.5 6678.7 7148.8 7892.9 7352.0 9265.7 10527.0 158

(1) Prior to 1999, current taxes, contributions for government social insurance, and transfer receipts from the rest of the world (line 8) are not separately displayed, and line 4 includes

 current taxes and transfer payments to the rest of the world net of current taxes, contributions for government social insurance, and transfer receipts from the rest of the world.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.

(4) Nonfinancial assets, including nonproduced nonfinancial assets, are not included on the balance sheet.