March 10, 2005

Flow of Funds Accounts 

of the United States 

Coded Tables for the Z.1 release 

Board of Governors of the Federal Reserve System, Washington D.C. 20551
Table of Contents

Flows Levels

Title Table Page Table Page

Summaries

Debt Growth by Sector D.1 1 

Borrowing by Sector D.2 2 

Debt Outstanding by Sector D.3 3 

Total Net Borrowing and Lending in Credit Markets F.1 4 L.1 53 

Credit Market Borrowing by Nonfinancial Sectors F.2 5 L.2 54 

Credit Market Borrowing by Financial Sectors F.3 5 L.3 54 

Credit Market Borrowing, All Sectors, by Instrument F.4 6 L.4 55 

Total Liabilities and Its Relation to Total Financial Assets F.5 6 L.5 55 

Distribution of Gross Domestic Product F.6 7 

Distribution of National Income F.7 8 

Saving and Investment F.8 9 

Net Capital Transfers F.9 9 

Derivation of Measures of Personal Saving F.10 10 L.10 56 

Sectors

Households and Nonprofit Organizations F.100 11 L.100 57 

Nonfinancial Business F.101 12 L.101 58 

Nonfarm Nonfinancial Corporate Business F.102 13 L.102 59 

Nonfarm Noncorporate Business F.103 14 L.103 60 

Farm Business F.104 14 L.104 60 
Flows Levels

Title Table Page Table Page

State and Local Governments F.105 15 L.105 61 

Federal Government F.106 16 L.106 61 

Rest of the World F.107 17 L.107 62 

Monetary Authority F.108 18 L.108 63 

Commercial Banking F.109 19 L.109 64 

U.S.-Chartered Commercial Banks F.110 20 L.110 65 

Foreign Banking Offices in U.S. F.111 21 L.111 66 

Bank Holding Companies F.112 22 L.112 67 

Banks in U.S.-Affiliated Areas F.113 22 L.113 67 

Savings Institutions F.114 23 L.114 68 

Credit Unions F.115 24 L.115 69 

Bank Personal Trusts and Estates F.116 24 L.116 69 

Life Insurance Companies F.117 25 L.117 70 

Other Insurance Companies F.118 25 L.118 70 

Private Pension Funds F.119 26 L.119 71 

State and Local Government Employee Retirement Funds F.120 26 L.120 71 

Federal Government Retirement Funds F.121 26 L.121 71 

Money Market Mutual Funds F.122 27 L.122 72 

Mutual Funds F.123 27 L.123 72 

Closed-End and Exchange-Traded Funds F.124 27 L.124 72 

Government-Sponsored Enterprises F.125 28 L.125 73 

Agency- and GSE-backed Mortgage Pools F.126 28 L.126 73 

Issuers of Asset-Backed Securities F.127 29 L.127 74 

Finance Companies F.128 29 L.128 74 

Mortgage Companies F.129 30 L.129 75 

Real Estate Investment Trusts F.130 30 L.130 75 
 Flows Levels

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Security Brokers and Dealers F.131 31 L.131 76 

Funding Corporations F.132 31 L.132 76 

Instruments 

Gold and Official Foreign Exchange Holdings F.200 32 L.200 77 

SDR Certificates and Treasury Currency F.201 32 L.201 77 

U.S. Deposits in Foreign Countries F.202 32 L.202 77 

Net Interbank Transactions F.203 33 L.203 78 

Checkable Deposits and Currency F.204 34 L.204 79 

Time and Savings Deposits F.205 35 L.205 80 

Money Market Mutual Fund Shares F.206 35 L.206 80 

Federal Funds and Security Repurchase Agreements F.207 36 L.207 81 

Open Market Paper F.208 36 L.208 81 

Treasury Securities F.209 37 L.209 82 

Agency- and GSE-backed Securities F.210 38 L.210 83 

Municipal Securities and Loans F.211 39 L.211 84 

Corporate and Foreign Bonds F.212 39 L.212 84 

Corporate Equities F.213 40 L.213 85 

Mutual Fund Shares F.214 40 L.214 85 

Bank Loans Not Elsewhere Classified F.215 41 L.215 86 

Other Loans and Advances F.216 42 L.216 87 

Total Mortgages F.217 43 L.217 88 

Home Mortgages F.218 44 L.218 89 

Multifamily Residential Mortgages F.219 44 L.219 89 

Commercial Mortgages F.220 45 L.220 90 

Farm Mortgages F.221 45 L.221 90 
Flows Levels

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Consumer Credit F.222 46 L.222 91 

Trade Credit F.223 46 L.223 91 

Security Credit F.224 46 L.224 91 

Life Insurance and Pension Fund Reserves F.225 47 L.225 92 

Taxes Payable by Businesses F.226 47 L.226 92 

Investment in Bank Personal Trusts F.227 47 L.227 92 

Proprietors' Equity in Noncorporate Business F.228 47 L.228 92 

Total Miscellaneous Financial Claims F.229 48 L.229 93 

Identified Miscellaneous Financial Claims - Part I F.230 49 L.230 94 

Identified Miscellaneous Financial Claims - Part II F.231 50 L.231 95 

Unidentified Miscellaneous Financial Claims F.232 51 L.232 96 

Sector Discrepancies F.11 52 

Instrument Discrepancies F.12 52 

Balance Reconciliation

Sheet

Title Table Page Table Page

Balance Sheet and ReconciliationTables

Households and Nonprofit Organizations B.100 97 R.100 100 

Nonfarm Nonfinancial Corporate Business B.102 98 R.102 101 

Nonfarm Noncorporate Business B.103 99 R.103 102 
Flows Levels

Title Table Page Table Page

Supplementary Tables

Nonprofit Organizations F.100.a 103 L.100.a 104 

Consolidated Statement for Federal, State, and Local Governments F.106.c 105 L.106.c 106 

Private Pension Funds: Defined Benefit Plans F.119.b 107 L.119.b 108 

Private Pension Funds: Defined Contribution Plans F.119.c 107 L.119.c 108 

Individual Retirement Accounts (IRAs) F.225.i 107 L.225.i 108 

Flow of Funds Matrix 109 110 

Balance Sheet of Households and Nonprofit Organizations 

 with Equity Detail B.100.e 111