Net lending by sector / Methodology
Net Lending by Sector Methodology
The page reads the nine quarterly series in row 11 of the Z.1 transactions matrix. Their common history contains 303 quarters from 1946:Q4 through 2026:Q1. No annual mnemonic is included.
Reconciliation
At 2026:Q1, all-sector net lending equals the sum of households and nonprofits, nonfinancial business, federal government, state and local governments, domestic financial sectors, and the rest of the world. The all-sectors-minus-six-sectors residual measured during this build is -1 million dollars. Instrument discrepancies remain a separate ninth series and equal the negative of the all-sectors value at this quarter.
Series register
| Mnemonic | Federal Reserve label | Table ID | Position | Unit |
|---|---|---|---|---|
| FA155000005.Q | Households and nonprofit organizations; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 1 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA145000005.Q | Nonfinancial business; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 3 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA315000005.Q | Federal government; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 5 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA215000005.Q | State and local governments; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 7 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA385000005.Q | Domestic nonfinancial sectors; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 9 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA795000005.Q | Domestic financial sectors; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 11 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA265000005.Q | Rest of the world; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 13 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA895000005.Q | All sectors; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 15 | Millions of dollars; transactions at a seasonally adjusted annual rate |
| FA905000005.Q | Instrument discrepancies; net lending (+) or borrowing (-) (financial account) | M3t_Q | Row 11; Column 17 | Millions of dollars; transactions at a seasonally adjusted annual rate |