Sector flow of funds
Quarterly sector balance sheets from the Fed's Z.1
A fixed quarterly cut through the Federal Reserve's Financial Accounts: net lending or borrowing for four major sectors, plus selected balance-sheet positions. In 2026:Q1, the financial balances were +$2.2T for households and nonprofits, +$1.0T for nonfinancial corporates, +$1.1T for the rest of the world, and -$2.7T for the federal government. This page keeps a sourced 20-series subset rather than presenting the full Z.1 series estate.
Data as of 2026:Q1, release vintage June 11, 2026 (2026:Q1 Z.1 release); selected quarterly series span 1952-03-31 to 2026-03-31
Net lending or borrowing
Latest sector financial balances at a glance
Quarterly net lending (+) or net borrowing (-), shown in trillions of dollars at seasonally adjusted annual rates. In 2026:Q1, households and nonprofits supplied $2.2T, the rest of the world supplied $1.1T, nonfinancial corporates supplied $1.0T, and the federal government absorbed $2.7T. The direction is derived from each latest value's sign; this is the financial balance, not gross issuance.
Source: Federal Reserve Board, Financial Accounts of the United States (Z.1) table S1M.t, line 18 (Net lending (+) or net borrowing (-)); table S11.1.t, line 14 (Net lending (+) or net borrowing (-)); table S1311.t, line 24 (Net lending (+) or net borrowing (-)); table S2.t, line 13 (Net lending (+) or net borrowing (-)). Methodology
Households and nonprofits
Selected household positions put assets, liabilities, net worth, and real estate side by side
This curated household-and-nonprofit subset shows four lines from the broader official balance sheet. At 2026:Q1, assets stood at $204.5T, liabilities at $21.6T, and net worth at $183.0T. Real estate accounted for $53.0T.
Source: Federal Reserve Board, Financial Accounts of the United States (Z.1) table S1M.b, line 1 (Assets); table S1M.b, line 30 (Liabilities); table S1M.b, line 40 (Net worth (assets minus liabilities)); table S1M.b, line 3 (Real estate). Methodology
Nonfinancial corporates
Selected corporate positions compare assets, liabilities, net worth, and debt securities
This curated nonfinancial-corporate subset shows four lines from the broader official balance sheet, including nonfinancial assets and market-value net worth. At 2026:Q1, assets were $70.1T, liabilities $31.9T, net worth $38.2T, and debt securities outstanding $9.0T.
Source: Federal Reserve Board, Financial Accounts of the United States (Z.1) table S11.1.b, line 1 (Assets); table S11.1.b, line 30 (Liabilities); table S11.1.b, line 46 (Net worth (assets minus liabilities)); table S11.1.b, line 31 (Debt securities). Methodology
Federal government
Selected federal positions compare financial assets, liabilities, Treasury securities, and consumer credit
Federal government tables in the Z.1 are financial balance sheets rather than a household-style full net-worth statement. At 2026:Q1, total financial assets were $6.1T, total liabilities $36.8T, Treasury securities $30.6T, and consumer-credit assets $1.6T.
Source: Federal Reserve Board, Financial Accounts of the United States (Z.1) table S1311.s, line 1 (Total financial assets); table S1311.s, line 18 (Total liabilities); table S1311.s, line 23 (Treasury securities); table S1311.s, line 11 (Consumer credit). Methodology
Rest of world
Selected foreign positions compare total financial assets with Treasuries and U.S. equities
The rest-of-world sector is the foreign side of the U.S. financial accounts. At 2026:Q1, total financial assets were $65.2T, total liabilities $12.1T, Treasury securities $9.3T, and U.S. corporate equities $19.4T.
Source: Federal Reserve Board, Financial Accounts of the United States (Z.1) table S2.s, line 1 (Total financial assets); table S2.s, line 28 (Total liabilities); table S2.s, line 8 (Treasury securities); table S2.s, line 16 (U.S. corporate equities). Methodology