Financial Accounts of the United States - Z.1
S.63.a Insurance Companies
Billions of dollars| Description | Series code | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Line |
|---|---|---|---|---|---|---|---|---|---|---|
| Insurance companies; gross value added (IMA) | FA526902505 | 269.1 | 234.3 | 326.8 | 394.8 | 417.7 | 400.5 | 435.9 | 478.7 | 1 |
| Insurance companies; consumption of fixed capital, structures, equipment, and intellectual property products, including noncorporate financial, current cost basis (IMA) | FA526300081 | 27.2 | 29.3 | 31.0 | 32.1 | 33.8 | 35.2 | 36.7 | 39.0 | 2 |
| Insurance companies; net value added (IMA) | FA526902605 | 241.9 | 205.0 | 295.9 | 362.7 | 383.9 | 365.3 | 399.2 | 439.8 | 3 |
| Insurance companies; compensation of employees paid (IMA) | FA526025005 | 132.1 | 133.9 | 138.4 | 143.7 | 143.4 | 150.4 | 155.5 | 163.1 | 4 |
| Insurance companies; wages and salaries paid (IMA) | FA526020001 | 112.1 | 113.3 | 117.4 | 121.8 | 121.2 | 127.3 | 131.5 | 138.9 | 5 |
| Insurance companies; employers' social contributions paid (IMA) | FA526401001 | 20.1 | 20.6 | 21.0 | 21.9 | 22.2 | 23.1 | 24.0 | 24.2 | 6 |
| Insurance companies; taxes on production and imports less subsidies, payable (IMA) | FA526240101 | 22.9 | 23.9 | 33.9 | 38.6 | 40.3 | 31.7 | 46.0 | 32.2 | 7 |
| Insurance companies; operating surplus, net (IMA) | FA526402101 | 86.9 | 47.2 | 123.6 | 180.4 | 200.2 | 183.1 | 197.7 | 244.5 | 8 |
| Insurance companies; net national income/balance of primary incomes, net (IMA) | FA526140005 | 11.5 | 5.9 | 56.4 | 72.1 | 100.8 | 98.7 | 123.6 | 160.8 | 9 |
| Insurance companies; operating surplus, net (IMA) | FA526402101 | 86.9 | 47.2 | 123.6 | 180.4 | 200.2 | 183.1 | 197.7 | 244.5 | 10 |
| Insurance companies; property income (received) (IMA) | FA526150105 | 265.0 | 284.7 | 290.7 | 277.0 | 272.8 | 292.2 | 316.2 | 290.8 | 11 |
| Insurance companies; interest received (IMA) | FA526130101 | 238.7 | 255.9 | 262.5 | 254.0 | 256.9 | 268.3 | 273.5 | 277.0 | 12 |
| Insurance companies; dividends received (IMA) | FA526121101 | 15.5 | 16.2 | 17.2 | 18.9 | 17.9 | 18.2 | 46.7 | 13.3 | 13 |
| Insurance companies; reinvested earnings on U.S. direct investment abroad; received (IMA) | FA523092281 | 10.8 | 12.6 | 11.0 | 4.1 | -2.1 | 5.6 | -4.0 | 0.5 | 14 |
| Insurance companies; uses of property income (paid) (IMA) | FA526150005 | 340.4 | 326.0 | 357.9 | 385.4 | 372.1 | 376.6 | 390.4 | 374.4 | 15 |
| Insurance companies; interest paid (IMA) | FA526130001 | 314.8 | 300.4 | 335.6 | 358.4 | 342.6 | 343.8 | 352.0 | 350.3 | 16 |
| Insurance companies; distributed income of corporations, paid (IMA) | FA526120005 | 22.8 | 23.4 | 20.1 | 18.8 | 22.9 | 32.5 | 28.2 | 15.1 | 17 |
| Insurance companies; dividends paid (IMA) | FA526121001 | 19.1 | 18.4 | 15.1 | 14.4 | 18.6 | 28.7 | 24.5 | 11.8 | 18 |
| Insurance companies; withdrawals from income of quasi-corporations, paid (IMA) (1) | FA526122001 | 3.7 | 5.1 | 5.0 | 4.5 | 4.3 | 3.7 | 3.8 | 3.3 | 19 |
| Insurance companies; reinvested earnings on foreign direct investment in U.S.; paid (IMA) | FA523192281 | 2.9 | 2.2 | 2.3 | 8.1 | 6.6 | 0.3 | 10.2 | 9.0 | 20 |
| Insurance companies; rents on land and natural resources paid (IMA) | FA526112001 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 21 |
| Insurance companies; net national income/balance of primary incomes, net (IMA) | FA526140005 | 11.5 | 5.9 | 56.4 | 72.1 | 100.8 | 98.7 | 123.6 | 160.8 | 22 |
| Insurance companies; current taxes on income, wealth, etc. paid (IMA) | FA526220001 | 28.5 | 33.1 | 38.5 | 42.2 | 38.3 | 26.9 | 28.5 | 25.0 | 23 |
| Insurance companies; other current transfers paid (IMA) | FA526403001 | -69.3 | -70.2 | -42.6 | -12.3 | 29.3 | -1.0 | 16.9 | 42.5 | 24 |
| Insurance companies; disposable income, net; net saving including foreign earnings retained abroad and CCAdj (IMA) | FA526012005 | 52.3 | 43.0 | 60.5 | 42.2 | 33.2 | 72.8 | 78.2 | 93.4 | 25 |
| Insurance companies; disposable income, net; net saving including foreign earnings retained abroad and CCAdj (IMA) | FA526012005 | 52.3 | 43.0 | 60.5 | 42.2 | 33.2 | 72.8 | 78.2 | 93.4 | 26 |
| Insurance companies; net saving including foreign earnings retained abroad and CCAdj less net capital transfers paid | FA526006385 | 38.0 | 43.0 | 60.5 | 42.2 | 33.2 | 12.7 | 61.3 | 93.4 | 27 |
| Insurance companies; disposable income, net; net saving including foreign earnings retained abroad and CCAdj (IMA) | FA526012005 | 52.3 | 43.0 | 60.5 | 42.2 | 33.2 | 72.8 | 78.2 | 93.4 | 28 |
| Insurance companies; net capital transfers paid, including financial stabilization payments (IMA) | FA525440083 | 14.3 | 0.0 | 0.0 | 0.0 | 0.0 | 60.2 | 16.9 | 0.0 | 29 |
| Insurance companies; capital formation, net (IMA) | FA525015085 | 0.7 | 4.0 | 0.7 | 5.9 | 5.1 | 3.3 | 4.1 | 5.0 | 30 |
| Insurance companies; gross fixed capital formation (IMA) | FA525013081 | 27.8 | 33.3 | 31.7 | 38.0 | 38.9 | 38.6 | 40.8 | 43.9 | 31 |
| Insurance companies; consumption of fixed capital, structures, equipment, and intellectual property products, including noncorporate financial, current cost basis (IMA) | FA526300081 | 27.2 | 29.3 | 31.0 | 32.1 | 33.8 | 35.2 | 36.7 | 39.0 | 32 |
| Insurance companies; net lending (+) or borrowing (-) (capital account) (IMA) | FA525000995 | 37.3 | 39.0 | 59.8 | 36.3 | 28.1 | 9.3 | 57.2 | 88.4 | 33 |
| Insurance companies; net lending (+) or borrowing (-) (capital account) (IMA) | FA525000995 | 37.3 | 39.0 | 59.8 | 36.3 | 28.1 | 9.3 | 57.2 | 88.4 | 34 |
| Insurance companies; total financial assets | FA524090005 | 123.4 | 122.7 | 175.3 | 239.1 | 216.0 | 180.8 | 246.1 | 201.9 | 35 |
| Insurance companies; checkable deposits and currency; asset | FA523020005 | 14.0 | -15.2 | 11.6 | 7.1 | -15.0 | 21.9 | -2.1 | 21.4 | 36 |
| Insurance companies; debt securities; asset | FA524022005 | 44.7 | 132.4 | 93.9 | 120.8 | 181.1 | 110.1 | 132.8 | 154.3 | 37 |
| Insurance companies; commercial paper; asset | FA523069105 | 17.0 | 11.0 | -8.7 | -6.7 | 13.3 | -17.5 | -7.1 | -3.9 | 38 |
| Insurance companies; Treasury securities; asset | FA523061105 | -2.3 | -7.7 | 20.6 | 5.8 | 31.9 | 33.2 | -20.8 | -13.4 | 39 |
| Insurance companies; agency- and GSE-backed securities; asset (2) | FA523061705 | -25.1 | -12.7 | -13.2 | -8.6 | 15.7 | 12.3 | 21.8 | 4.9 | 40 |
| Insurance companies; municipal securities; asset | FA523062005 | 1.1 | 8.1 | -8.2 | 18.4 | 10.7 | -3.8 | -41.4 | -5.7 | 41 |
| Insurance companies; corporate and foreign bonds; asset | FA523063005 | 53.9 | 133.6 | 103.4 | 111.7 | 109.6 | 85.8 | 180.3 | 172.4 | 42 |
| Insurance companies; total loans including security repurchase agreements; asset | FA524035005 | 16.3 | 19.5 | 32.0 | 43.7 | 39.9 | 47.8 | 64.3 | 54.6 | 43 |
| Insurance companies; loans including security repurchase agreements, excluding mortgages; asset | FA524041005 | 3.3 | -2.2 | 8.0 | -1.3 | 2.4 | 4.3 | 0.1 | 1.2 | 44 |
| Insurance companies; total mortgages; asset | FA523065005 | 13.1 | 21.7 | 24.0 | 45.0 | 37.5 | 43.6 | 64.1 | 53.4 | 45 |
| Insurance companies; equity and investment fund shares; asset (IMA) | FA523081005 | 7.3 | -26.7 | -42.3 | 3.3 | -91.9 | -58.5 | -104.2 | -79.7 | 46 |
| Insurance companies; corporate equities; asset | FA523064105 | 3.3 | -8.8 | -21.9 | 25.5 | -21.6 | 3.9 | -24.4 | -0.7 | 47 |
| Insurance companies; mutual fund shares; asset | FA523064205 | 1.7 | -19.6 | -32.8 | -30.1 | -48.1 | -74.6 | -88.1 | -86.4 | 48 |
| Insurance companies; money market fund shares; asset | FA523034005 | -4.0 | -13.9 | 2.4 | 6.2 | -20.3 | 7.6 | 9.4 | 6.1 | 49 |
| Insurance companies; equity in FHLB; asset (2) | FA523092405 | 0.1 | 0.9 | 0.1 | 0.5 | 0.4 | 0.4 | 0.5 | 0.6 | 50 |
| Insurance companies; U.S. direct investment abroad; asset | FA523092005 | 6.3 | 14.8 | 9.9 | 1.2 | -2.2 | 4.3 | -1.7 | 0.7 | 51 |
| Insurance companies; insurance, pension and standardized guarantee schemes; asset (IMA) | FA523052005 | 30.3 | 27.9 | 1.8 | 30.8 | 55.2 | 84.9 | 79.2 | 29.7 | 52 |
| Insurance companies; other accounts receivable; asset (IMA) | FA523096005 | 10.8 | -15.1 | 78.2 | 33.4 | 46.8 | -25.4 | 76.2 | 21.5 | 53 |
| Insurance companies; total liabilities | FA524190005 | 131.6 | 126.9 | 138.9 | 170.6 | 239.4 | 216.0 | 148.8 | 207.5 | 54 |
| Issuers of asset-backed securities; funding agreements backing securities; asset | FA673090543 | -0.4 | -8.5 | 6.0 | 2.4 | 6.4 | 7.7 | 4.5 | 5.0 | 55 |
| Insurance companies; short-term loans including security repurchase agreements; liability | FA524141005 | 4.9 | 8.7 | 2.5 | 6.2 | 9.9 | 6.2 | 9.3 | 1.2 | 56 |
| Insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA523181105 | -2.6 | -12.4 | -28.7 | 6.9 | 9.0 | -25.3 | -14.5 | -11.7 | 57 |
| Insurance companies; corporate equities; liability | FA523164105 | -24.5 | -16.8 | -31.8 | -32.0 | -25.2 | -28.9 | -21.6 | -24.9 | 58 |
| Insurance companies; foreign direct investment in U.S.; liability | FA523192005 | 9.9 | 12.0 | 2.3 | 39.3 | 33.1 | 0.6 | 16.9 | 11.3 | 59 |
| Insurance companies; net transactions due to holding companies; liability | FA523194735 | 12.0 | -7.6 | 0.9 | -0.3 | 1.1 | 3.1 | -9.8 | 2.0 | 60 |
| Insurance companies; insurance, pension and standardized guarantee schemes; liability (IMA) | FA523152005 | 106.0 | 115.8 | 112.6 | 172.8 | 167.0 | 144.8 | 152.7 | 119.6 | 61 |
| Insurance companies; other accounts payable; liability | FA523196005 | 23.7 | 23.3 | 46.5 | -17.9 | 47.1 | 82.6 | -3.3 | 93.4 | 62 |
| Insurance companies; net lending (+) or borrowing (-) (financial account) | FA525000005 | -8.2 | -4.2 | 36.4 | 68.5 | -23.4 | -35.1 | 97.3 | -5.6 | 63 |
| Insurance companies; total other volume changes (IMA) | FV528090185 | -65.6 | -47.9 | -23.8 | 32.7 | -50.7 | -47.1 | 43.4 | -106.0 | 64 |
| Insurance companies; nonfinancial assets (does not include land) | FV522010095 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 65 |
| Insurance companies; other volume changes (IMA) | FV528090085 | -19.9 | -4.7 | -0.4 | 0.6 | 0.8 | -2.6 | 3.3 | -11.9 | 66 |
| Insurance companies; statistical discrepancy (IMA) (3) | FU527005045 | 45.5 | 43.2 | 23.4 | -32.2 | 51.4 | 44.5 | -40.1 | 94.0 | 67 |
| Insurance companies; nonfinancial assets (does not include land) | FR522010095 | 1.5 | 4.2 | 2.8 | 1.2 | 1.4 | 4.6 | 8.6 | 5.4 | 68 |
| Insurance companies; nonresidential structures, current cost basis | FR525013665 | 2.2 | 4.6 | 3.4 | 2.8 | 2.3 | 4.9 | 8.3 | 5.9 | 69 |
| Insurance companies; nonresidential equipment, current cost basis | FR525013265 | -0.0 | -0.3 | -0.1 | -0.7 | -0.5 | 0.1 | 0.3 | -0.4 | 70 |
| Insurance companies; nonresidential intellectual property products, current cost basis | FR525013765 | -0.6 | -0.1 | -0.5 | -0.9 | -0.5 | -0.4 | -0.1 | -0.1 | 71 |
| Insurance companies; revaluation on debt securities and equity and investment fund shares; asset (IMA) | FR524090085 | 306.7 | 184.7 | 272.4 | -264.3 | 184.2 | 483.3 | -402.4 | 976.2 | 72 |
| Insurance companies; debt securities; asset | FR524022005 | 81.9 | -206.8 | 148.4 | -168.7 | 27.2 | 101.4 | -194.6 | 436.2 | 73 |
| Insurance companies; corporate equities; asset | FR523064105 | 69.5 | 145.2 | 43.4 | -26.5 | 50.9 | 120.4 | -79.1 | 208.9 | 74 |
| Insurance companies; mutual fund shares; asset | FR523064205 | 128.5 | 224.8 | 76.2 | -31.4 | 91.1 | 211.8 | -84.6 | 287.6 | 75 |
| Insurance companies; U.S. direct investment abroad; asset | FR523092005 | 26.8 | 21.5 | 4.3 | -37.8 | 15.0 | 49.8 | -44.1 | 43.5 | 76 |
| Insurance companies; revaluation of equity and investment fund shares and insurance, pension and standardized guarantee schemes; liability (IMA) | FR524190085 | 234.6 | 387.4 | 210.7 | -52.3 | 167.6 | 432.3 | -240.9 | 580.6 | 77 |
| Insurance companies; corporate equities; liability | FR523164105 | 79.5 | 122.2 | 59.1 | -11.0 | 66.8 | 88.8 | -62.9 | 144.5 | 78 |
| Insurance companies; foreign direct investment in U.S.; liability | FR523192005 | -14.9 | -17.5 | 30.7 | 18.5 | -11.9 | 55.7 | -58.0 | 40.8 | 79 |
| Insurance companies; net transactions due to holding companies; liability | FR523194735 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 80 |
| Insurance companies; insurance, pension and standardized guarantee schemes; liability (IMA) | FR523152005 | 170.1 | 282.7 | 121.0 | -59.8 | 112.6 | 287.8 | -120.1 | 395.3 | 81 |
| Insurance companies; changes in net worth due to nominal holding gains/losses (IMA) | FR528200005 | 73.6 | -198.5 | 64.5 | -210.8 | 18.1 | 55.6 | -152.9 | 401.0 | 82 |
| Insurance companies; net worth (IMA) | FC522090095 | 46.0 | -203.4 | 101.2 | -135.8 | 0.6 | 21.2 | -48.2 | 388.4 | 83 |
| Insurance companies and pension funds; total assets (does not include land) | FL522000095 | 8548.4 | 8863.4 | 9315.7 | 9297.7 | 9738.0 | 10409.4 | 10265.6 | 11454.6 | 84 |
| Insurance companies; nonfinancial assets (does not include land) (4) | LM522010095 | 240.9 | 248.6 | 253.2 | 260.4 | 266.9 | 274.2 | 286.8 | 297.3 | 85 |
| Insurance companies; nonresidential structures, current cost basis | LM525013665 | 151.8 | 154.5 | 157.3 | 161.8 | 164.2 | 169.1 | 177.0 | 182.6 | 86 |
| Insurance companies; nonresidential equipment, current cost basis | LM525013265 | 45.3 | 45.8 | 45.8 | 45.7 | 45.7 | 45.8 | 46.6 | 46.6 | 87 |
| Insurance companies; nonresidential intellectual property products, current cost basis | LM525013765 | 43.8 | 48.2 | 50.1 | 53.0 | 57.0 | 59.3 | 63.2 | 68.0 | 88 |
| Insurance companies; total financial assets | FL524090005 | 8307.5 | 8614.9 | 9062.5 | 9037.3 | 9471.1 | 10135.3 | 9978.8 | 11157.3 | 89 |
| Insurance companies; checkable deposits and currency; asset | FL523020005 | 101.7 | 86.5 | 98.1 | 105.2 | 101.1 | 123.0 | 120.9 | 142.3 | 90 |
| Insurance companies; debt securities; asset | LM524022005 | 4136.9 | 4062.5 | 4304.8 | 4256.9 | 4471.5 | 4682.9 | 4621.1 | 5211.7 | 91 |
| Insurance companies; commercial paper; asset | FL523069105 | 58.0 | 69.0 | 60.3 | 53.6 | 66.9 | 49.4 | 42.3 | 38.4 | 92 |
| Insurance companies; Treasury securities; asset | LM523061105 | 298.0 | 274.5 | 310.5 | 310.1 | 334.2 | 377.9 | 360.5 | 368.7 | 93 |
| Insurance companies; agency- and GSE-backed securities; asset (2) | LM523061705 | 523.0 | 485.4 | 504.2 | 477.4 | 480.8 | 501.7 | 491.8 | 538.1 | 94 |
| Insurance companies; municipal securities; asset | LM523062005 | 504.4 | 497.4 | 520.2 | 534.8 | 535.9 | 536.7 | 481.6 | 500.2 | 95 |
| Insurance companies; corporate and foreign bonds; asset | LM523063005 | 2753.5 | 2736.1 | 2909.7 | 2880.9 | 3053.6 | 3217.3 | 3244.9 | 3766.2 | 96 |
| Insurance companies; total loans including security repurchase agreements; asset | FL524035005 | 514.1 | 533.5 | 565.5 | 609.2 | 649.1 | 697.0 | 761.2 | 815.8 | 97 |
| Insurance companies; loans including security repurchase agreements, excluding mortgages; asset | FL524041005 | 161.3 | 159.1 | 167.1 | 165.8 | 168.2 | 172.5 | 172.6 | 173.8 | 98 |
| Insurance companies; total mortgages; asset | FL523065005 | 352.8 | 374.5 | 398.4 | 443.4 | 480.9 | 524.5 | 588.6 | 642.0 | 99 |
| Insurance companies; equity and investment fund shares; asset (IMA) | FL523081005 | 2211.1 | 2575.9 | 2657.6 | 2565.2 | 2630.3 | 2953.8 | 2641.7 | 3102.0 | 100 |
| Insurance companies; corporate equities; asset | LM523064105 | 722.9 | 859.3 | 880.9 | 879.9 | 909.2 | 1033.4 | 929.9 | 1138.1 | 101 |
| Insurance companies; mutual fund shares; asset | LM523064205 | 1229.4 | 1434.6 | 1477.9 | 1416.5 | 1459.5 | 1596.7 | 1424.0 | 1625.2 | 102 |
| Insurance companies; money market fund shares; asset | FL523034005 | 85.9 | 71.9 | 74.4 | 80.5 | 60.2 | 67.8 | 77.2 | 83.3 | 103 |
| Insurance companies; equity in FHLB; asset (2) | FL523092405 | 2.1 | 3.0 | 3.1 | 3.5 | 3.9 | 4.3 | 4.8 | 5.4 | 104 |
| Insurance companies; U.S. direct investment abroad; asset | LM523092005 | 170.8 | 207.1 | 221.3 | 184.7 | 197.5 | 251.5 | 205.7 | 250.0 | 105 |
| Insurance companies; insurance, pension and standardized guarantee schemes; asset (IMA) | FL523052005 | 579.5 | 607.4 | 609.2 | 640.1 | 695.3 | 780.2 | 859.2 | 889.4 | 106 |
| Insurance companies; other accounts receivable; asset (IMA) | FL523096005 | 764.2 | 749.1 | 827.3 | 860.7 | 923.8 | 898.4 | 974.6 | 996.2 | 107 |
| Insurance companies; total liabilities and net worth (IMA) | FL522100005 | 8548.4 | 8863.4 | 9315.7 | 9297.7 | 9738.0 | 10409.4 | 10265.6 | 11454.6 | 108 |
| Insurance companies; total liabilities and equity | FL524194005 | 7558.0 | 8076.4 | 8427.5 | 8545.3 | 8985.0 | 9635.2 | 9539.6 | 10340.2 | 109 |
| Issuers of asset-backed securities; funding agreements backing securities; asset | FL673090543 | 55.6 | 47.1 | 53.1 | 55.5 | 61.9 | 69.6 | 74.1 | 79.1 | 110 |
| Insurance companies; short-term loans including security repurchase agreements; liability | FL524141005 | 65.9 | 74.6 | 77.0 | 83.3 | 93.2 | 99.4 | 108.7 | 109.9 | 111 |
| Insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FL523181105 | 623.2 | 710.6 | 771.7 | 786.2 | 850.2 | 969.3 | 833.9 | 1007.5 | 112 |
| Insurance companies; corporate equities; liability | LM523164105 | 392.2 | 497.6 | 524.9 | 481.9 | 523.5 | 583.3 | 498.9 | 618.5 | 113 |
| Insurance companies; foreign direct investment in U.S.; liability | LM523192005 | 202.6 | 197.0 | 230.0 | 287.8 | 309.1 | 365.4 | 324.2 | 376.3 | 114 |
| Insurance companies; net transactions due to holding companies; liability | FL523194735 | 28.4 | 15.9 | 16.8 | 16.5 | 17.6 | 20.6 | 10.8 | 12.8 | 115 |
| Insurance companies; insurance, pension and standardized guarantee schemes; liability (IMA) | FL523152005 | 6194.6 | 6593.2 | 6826.8 | 6939.9 | 7237.0 | 7669.6 | 7702.2 | 8217.2 | 116 |
| Insurance companies; other accounts payable; liability | FL523196005 | 618.6 | 650.9 | 698.8 | 680.4 | 742.8 | 827.3 | 820.6 | 926.5 | 117 |
| Insurance companies; net worth (IMA) | FL522090095 | 990.4 | 787.0 | 888.2 | 752.4 | 753.0 | 774.3 | 726.1 | 1114.4 | 118 |
NOTES
- 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.
- 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.
- 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.
- Excludes land.
Last Update: September 21, 2020