Financial Accounts of the United States - Z.1
L.4.s Net Stocks of Fixed Assets, current cost
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All domestic sectors; gross fixed investment, current cost basis | FL885019865 | 68258.6 | 77441.2 | 85943.2 | 88472.7 | 86754.7 | 87008.9 | 87643.9 | 88472.7 | 88937.4 | 1 |
| All domestic sectors; gross fixed investment, structures, current cost basis | FL885019665 | 54321.2 | 62437.6 | 69726.7 | 71388.6 | 70194 | 70321.7 | 70759 | 71388.6 | 71622.7 | 2 |
| All domestic sectors; gross fixed investment, equipment, current cost basis | FL885019265 | 8640.8 | 9303.9 | 9984.3 | 10228.3 | 10158.3 | 10137.5 | 10190.9 | 10228.3 | 10318.5 | 3 |
| All domestic sectors; nonresidential intellectual property products, current cost basis | FL885013765 | 5296.6 | 5699.7 | 6232.2 | 6855.9 | 6402.4 | 6549.7 | 6693.9 | 6855.9 | 6996.3 | 4 |
| All domestic sectors; nonresidential software, current cost basis | FL885013365 | 988.5 | 1078.1 | 1214.6 | 1382.6 | 1271.6 | 1301.7 | 1339.1 | 1382.6 | 1421.4 | 5 |
| All domestic sectors; nonresidential research and development, current cost basis | FL885013465 | 3742.2 | 4023.5 | 4376.8 | 4796.7 | 4477.8 | 4582.9 | 4690.4 | 4796.7 | 4882.5 | 6 |
| Private domestic sectors; nonresidential entertainment, literary, and artistic originals, current cost basis | FL835013565 | 565.9 | 598 | 640.8 | 676.6 | 653 | 665.1 | 664.5 | 676.6 | 692.4 | 7 |
| All domestic sectors; gross fixed investment, current cost basis | FL885019865 | 68258.6 | 77441.2 | 85943.2 | 88472.7 | 86754.7 | 87008.9 | 87643.9 | 88472.7 | 88937.4 | 8 |
| Households and nonprofit organizations; structures, equipment, and intellectual property products, current cost basis (Fixed assets basis) | FL155015015 | 23269.5 | 27299.3 | 30694.5 | 31516.6 | 30673.2 | 30719.5 | 31123.8 | 31516.6 | 31623 | 9 |
| Nonfinancial corporate business; structures, equipment, and intellectual property products, current cost basis (includes used car premium and REITs residential structures) | FL105015085 | 18875.3 | 20919.4 | 23086.2 | 24106.3 | 23585.8 | 23748.6 | 23854.6 | 24106.3 | 24294.2 | 10 |
| Nonfinancial noncorporate business; structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FL115015005 | 7800.7 | 8822.6 | 9796.3 | 9739.1 | 9780.7 | 9720.2 | 9717.2 | 9739.1 | 9694.6 | 11 |
| Federal government; nonfinancial assets (does not include land) | FL315015005 | 3779.2 | 4098.2 | 4412.6 | 4611.3 | 4476.3 | 4514 | 4556.7 | 4611.3 | 4656.8 | 12 |
| State and local governments; net fixed investment (NIPA basis) | FL215015005 | 12546.6 | 14063.2 | 15427.1 | 15896.3 | 15662.3 | 15723.6 | 15806.3 | 15896.3 | 16054 | 13 |
| Domestic financial sectors; nonfinancial assets (does not include land) (1) | FL795013865 | 1987.2 | 2238.4 | 2526.4 | 2603.2 | 2576.5 | 2583 | 2585.4 | 2603.2 | 2614.7 | 14 |
| Monetary authority; nonresidential structures, equipment, and intellectual property products, current cost basis | FL715013865 | 11.2 | 12.8 | 14.7 | 15.2 | 15 | 15.1 | 15 | 15.2 | 15.2 | 15 |
| Private depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL705013865 | 526.5 | 599.3 | 688.5 | 714.4 | 703.4 | 706.8 | 708 | 714.4 | 718.3 | 16 |
| U.S.-chartered depository institutions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL765013865 | 391.7 | 440.5 | 497.7 | 517.2 | 508.7 | 511.3 | 512.4 | 517.2 | 520.3 | 17 |
| Foreign banking offices in the U.S.; nonresidential structures, equipment, and intellectual property products, current cost basis | FL755013865 | 64.7 | 76.8 | 92.4 | 95.5 | 94.4 | 94.7 | 94.8 | 95.5 | 96 | 18 |
| Banks in U.S.-affiliated areas; nonresidential structures, equipment, and intellectual property products, current cost basis | FL745013865 | 1.7 | 1.9 | 2 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 19 |
| Credit unions; nonresidential structures, equipment, and intellectual property products, current cost basis | FL475013865 | 68.5 | 80.2 | 96.3 | 99.5 | 98.3 | 98.7 | 98.8 | 99.5 | 100 | 20 |
| Property-casualty insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL515013865 | 179.7 | 205.8 | 237.2 | 248.6 | 242.9 | 244.6 | 245.8 | 248.6 | 250.7 | 21 |
| Life insurance companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL545013865 | 154.5 | 178.7 | 207.5 | 221 | 213 | 215.6 | 217.6 | 221 | 223.6 | 22 |
| Private pension funds; nonresidential structures, equipment, and intellectual property products, current cost basis | FL575013865 | 2.1 | 3.5 | 4.7 | 5.9 | 5 | 5.3 | 5.6 | 5.9 | 6.2 | 23 |
| State and local government employee retirement funds; nonresidential structures, equipment, and intellectual property products, current cost basis | FL225013865 | 6.2 | 9.2 | 12.2 | 14 | 12.8 | 13.2 | 13.5 | 14 | 14.4 | 24 |
| Government-sponsored enterprises; nonresidential structures, equipment, and intellectual property products, current cost basis | FL405013865 | 3.5 | 3.8 | 4.4 | 4.3 | 4.4 | 4.4 | 4.3 | 4.3 | 4.3 | 25 |
| Issuers of asset-backed securities; consumer leases | FL675013263 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 |
| Finance companies; nonresidential structures, equipment, and intellectual property products excluding securitized equipment, current cost basis | FL615013865 | 480.6 | 514.8 | 542.5 | 538.8 | 548.5 | 543.5 | 541.1 | 538.8 | 538.1 | 27 |
| Security brokers and dealers; nonresidential structures, equipment, and intellectual property products, current cost basis | FL665013865 | 221.9 | 257 | 297.7 | 315.8 | 305.7 | 308.8 | 311.2 | 315.8 | 319.1 | 28 |
| Holding companies; nonresidential structures, equipment, and intellectual property products, current cost basis | FL735013865 | 401 | 453.6 | 517.2 | 525.3 | 525.7 | 525.8 | 523.2 | 525.3 | 524.9 | 29 |
| Households and nonprofit organizations; consumer durable goods, current cost basis (2) | FL155111005 | 6026.2 | 6998.1 | 7645.6 | 7878.2 | 7735.3 | 7839 | 7850.1 | 7878.2 | 7959.3 | 30 |
| Nonfinancial business; inventories (3) | FL145020005 | 2913.2 | 3445.9 | 3800.6 | 3789.7 | 3789 | 3752.8 | 3792.6 | 3789.7 | 3828.1 | 31 |
NOTES
- Domestic financial subsector detail are based on FRB staff estimates.
- 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).
- Not included above.
Last Update: June 7, 2024