Financial Accounts of the United States

RFor use at 12:00 noon, eastern time March 11, 2021

F EDERAL R ESERVE S TATISTICAL R ELEASE

Z.1 Financial Accounts of the United States

Flow of Funds, Balance Sheets, and Integrated Macroeconomic Accounts

Fourth Quarter 2020

B OARD OF G OVERNORS OF THE F EDERAL R ESERVE S YSTEM

Recent Developments in Household Net Worth and Domestic Nonfinancial Debt

The net worth of households and nonprofits rose to an annual rate of 2.3 percent, while mortgage debt $130.4 trillion during the fourth quarter of 2020. The (excluding charge-offs) grew at an annual rate of 5.2 value of directly and indirectly held corporate equities percent. increased $4.9 trillion and the value of real estate increased $0.9 trillion. Nonfinancial business debt rose at an annual rate of 0.8 percent in the fourth quarter of 2020, up from a 0.5 Domestic nonfinancial debt outstanding was $61.2 percent annual rate in the previous quarter. trillion at the end of the fourth quarter of 2020, of which household debt was $16.6 trillion, nonfinancial business Federal government debt increased 10.9 percent at an debt was $17.7 trillion, and total government debt was annual rate in the fourth quarter of 2020, up from a 9.1 $26.8 trillion. percent annual rate in the previous quarter.

Domestic nonfinancial debt expanded 6.3 percent at an State and local government debt expanded at an annual rate in the fourth quarter of 2020, up from an annual rate of 1.7 percent in the fourth quarter of 2020, annual rate of 5.5 percent in the previous quarter. after expanding at an annual rate of 5.6 percent in the previous quarter. Household debt increased 6.5 percent at an annual rate in the fourth quarter of 2020. Consumer credit grew at

Household Net Worth and Growth of Domestic Nonfinancial Debt Growth of domestic nonfinancial debt2 Household Federal State and Year net worth1 Total Households Businesses government local gov’ts 2011 67,859 3.7 0.1 2.5 10.8 -1.0 2012 73,079 4.7 0.5 5.6 10.1 -0.3 2013 81,791 4.1 2.3 4.4 6.7 -0.2 2014 87,895 3.8 1.2 6.6 5.4 -2.5 2015 90,899 4.4 2.2 7.0 5.0 0.4 2016 96,061 4.4 3.1 5.4 5.6 1.1 2017 104,869 4.3 3.9 6.3 3.7 0.0 2018 105,518 4.7 3.3 4.2 7.6 -1.6 2019 118,220 4.7 3.3 4.8 6.7 0.3 2020 130,365 12.5 4.1 9.1 24.0 2.9

2018: Q4 105,518 3.4 2.7 4.6 4.1 -2.7 2019: Q1 111,449 5.9 2.2 6.6 9.6 -0.7 Q2 113,811 3.5 4.1 4.3 3.1 -1.8 Q3 114,629 5.8 3.4 5.8 8.9 0.9 Q4 118,220 3.4 3.4 2.3 4.5 2.9 2020: Q1 111,446 10.8 3.8 19.0 11.4 0.8 Q2 119,589 25.5 0.1 15.1 58.9 3.5 Q3 123,229 5.5 5.7 0.5 9.1 5.6 Q4 130,365 6.3 6.5 0.8 10.9 1.7 1. Shown on table B.101, which includes nonprofit organizations. Billions of dollars; amounts outstanding end of perio d, not seasonally adjusted. 2. Percentage changes calculated as transactions at a seasonally adjusted annual rate divided by previous quarter’s seasonally adjusted level, shown at an annual rate.

iii

Release Highlights Fourth Quarter 2020

Topic Description Government-sponsored enterprises Debt securities held by GSEs (tables F.125 and L.125) are now (GSEs) sector reported at market value beginning 2008:Q2. Where appropriate, transactions have been revised to remove holding gains and losses. Real estate investment trusts Transactions of debt securities held by REITs (tables F.129 and (REITs) sector L.129) have been revised beginning 1984:Q1 to remove holding gains and losses. Nonfinancial noncorporate business Nonfinancial noncorporate business sector data (tables F.104, sector L.104, B.104, and R.104) have been revised beginning 2002:Q4 due to improved methodology and to reflect new benchmark data from the Internal Revenue Service Statistics of Income for 2018. Nonfinancial corporate business The market value of equity issued by nonfinancial corporations sector (tables L.103 and B.103) has been revised beginning 2012:Q1 to reflect new benchmark data for S-Corporations from the Internal Revenue Service Statistics of Income. Paycheck Protection Program loan Paycheck Protection Program loan forgiveness payables and forgiveness payables and receivables have been reclassified as identified miscellaneous receivables assets and liabilities (tables F.233 and L.233). They were previously included in trade credit (tables F.225 and L.225). State and Local Government State and Local Government Employee Retirement Funds (tables Employee Retirement Funds F.120.b and L.120b) have been revised 2019:Q1 forward to reflect revised Census Quarterly Survey of Public Pensions data and improved methodology used to estimate total transactions of funded assets.

Explanatory Notes

Financial Accounts of the United States Concepts of Levels and Transactions in the SNA and the Financial Accounts The Statistical Release Z.1, Financial Accounts of the United States, or Financial Accounts, is organized into The level of an asset or liability (also referred to as the the following sections: “stock” or “outstanding”) measures the value of the asset or liability in existence at a point in time. In the ■ Matrices summarizing transactions and levels Financial Accounts, the levels are reported as of the end across sectors and tables on debt growth, net of each calendar quarter. In the SNA2008, the change in national wealth, gross domestic product (GDP), the level from one period to the next is called the national income, saving, and so on economic flow, and can be decomposed into three broad ■ Transactions of financial assets and liabilities, elements: transactions, which measure the exchange of by sector and by financial instrument assets; revaluations, which measure holding gains and ■ Levels of financial assets and liabilities, by losses; and other changes in volume, which measure sector and by financial instrument discontinuities or breaks in time series due to disaster ■ Balance sheets, including nonfinancial assets, losses or a change in source data or definition. In and changes in net worth for households and practice, other volume changes are relatively rare, and nonprofit organizations, nonfinancial corporate revaluations occur mainly for series carried at market businesses, and nonfinancial noncorporate value (such as corporate equities, real estate, and some businesses debt securities), so for many series the change in the ■ Supplementary tables including balance sheets level is equal to the transactions element. for the household sector, nonprofit organization sector, the household and nonprofit Growth Rates organization sector with additional equity and Growth rates calculated from levels include revaluations debt detail, and domestic hedge funds, as well and other changes in volume. In order to isolate the as tables detailing stocks and flows of fixed effect of transactions on the growth of a given asset or assets liability, users should calculate the ratio of transactions ■ Integrated Macroeconomic Accounts (IMA) in a given period to the level in the preceding period.

The IMA relate production, income, saving, and capital Growth rates in table D.1 are calculated by dividing formation from the Bureau of Economic Analysis’s transactions at a seasonally adjusted annual rate from (BEA) national income and product accounts (NIPA) to table D.2 by seasonally adjusted levels at the end of the changes in net worth from the Financial Accounts on a previous period from table D.3. Growth rates calculated sector-by-sector basis. The IMA are published jointly by from changes in unadjusted levels may differ from those the Federal Reserve Board and BEA and are based on in table D.1. international guidelines and terminology as defined in the System of National Accounts (SNA2008). Seasonal Adjustment

Federal Reserve Board staff have taken many steps over Seasonal factors are recalculated and updated every the past several years to conform the Financial Accounts September with the release of second-quarter data. with the SNA2008 guidelines. Nonetheless, a few Series that exhibit significant seasonal patterns are important differences remain, in particular, the adjusted. The seasonal factors are generated using the X- following in the Financial Accounts: 13-ARIMA seasonal adjustment program from the U.S. Census Bureau, estimated using the most recent 10 years ■ The purchase of consumer durables is treated as of transaction data. Because the effects of the recent investment rather than as consumption. financial crisis resulted in distortions in the estimated ■ Nonfinancial noncorporate businesses (which seasonal factors for some series, seasonal factors for are often small businesses) are shown in a these series have been extrapolated using pre-crisis data. separate sector rather than being included in the Seasonally adjusted levels shown in table D.3 are household sector. derived by carrying forward year-end levels by ■ Some debt securities are recorded at book value seasonally adjusted transactions. rather than market value.

vi Data Revisions breakdown of what the letters and numbers represent in the series mnemonics. Some data submissions to Data shown for the most recent quarters are based on international organizations are also available in the preliminary and potentially incomplete information. A guide. The guide is updated with the quarterly release summary list of the most recent data available for each and is available online: sector is provided in a table following these notes. Nonetheless, when source data are revised or estimation www.federalreserve.gov/apps/fof methods are improved, all data are subject to revision. There is no specific revision schedule; rather, data are Enhanced Financial Accounts and Data revised on an ongoing basis. In each release of the Financial Accounts, major revisions are highlighted at Visualization the beginning of the publication. Additional supplementary information is available online in the Enhanced Financial Accounts, which Discrepancies augment the Financial Accounts with finer detail, additional types of activities, higher-frequency data, and The data in the Financial Accounts come from a large more-disaggregated data. Links to the Enhanced variety of sources and are subject to limitations and Financial Accounts are available from both the uncertainty due to measurement errors, missing Financial Accounts Guide page and the main release information, and incompatibilities among data sources. page. In addition, interactive online data visualizations The size of this uncertainty cannot be quantified, but its are available for selected components of the Financial existence is acknowledged by the inclusion of Accounts and Enhanced Financial Accounts. Links are “statistical discrepancies” for various sectors and available also on the same pages. financial instruments.

The discrepancy for a given sector is defined as the Production Schedule difference between the aggregate value of the sector’s The Financial Accounts are published four times per sources of funds and the value of its uses of funds. year, about 10 weeks following the end of each calendar Sources of funds are gross savings less net capital quarter. The publication is available online: transfers paid and net increase in liabilities; uses of funds are capital expenditures and the net acquisition of www.federalreserve.gov/releases/Z1 financial assets. If a sector’s sources of funds are greater than its uses of funds, the sector is a net lender of funds This website also provides CSV files of quarterly data in the accounts. In the reverse case, the sector would be for transactions at a seasonally adjusted annual rate, a net borrower of funds. Most of the data for deriving unadjusted transactions, levels outstanding, balance gross savings come from the BEA’s NIPA. For a sheets, debt tables, supplementary tables, and the IMA. financial instrument category, the discrepancy is defined as the difference between the measurement of funds In addition, the data are available as customizable raised through the financial instrument and funds datasets through the Federal Reserve Board’s Data disbursed through that instrument. The relative size of Download Program online: the statistical discrepancy is one indication of the quality of the underlying source data. Note that differences in www.federalreserve.gov/datadownload/default.htm seasonal adjustment procedures sometimes result in quarterly discrepancies that partially or completely Print Subscription Information offset each other in the annual data. The Federal Reserve Board charges a fee for Financial Accounts Guide subscriptions to print versions of statistical releases. Inquiries regarding print versions should be directed to Substantially more detail on the construction of the the following office: Financial Accounts is available in the Financial Accounts Guide, which provides interactive, online Publications Services, Stop 127 documentation for each data series. The tools and Board of Governors of the Federal Reserve System descriptions in the guide are designed to help users 20th Street and Constitution Avenue, N.W. understand the structure and content of the Financial Washington, DC 20551 Accounts. (202) 452-3245

Each input and calculated series in the Z.1 is identified according to a unique string of patterned numbers and letters. The series structure page of the guide provides a

vii Description of Most Recent Data Available

Sector Table Available at time of publication National income and product Second estimate, seasonally adjusted, for 2020:Q4. Corporate accounts (NIPA) profits through 2020:Q3. Government receipts and expenditures (various tables) unadjusted transactions from 1952:Q1 forward. GDP and income unadjusted transactions from 2002:Q1 forward. Many BEA series are downloaded via Haver Analytics. Households and nonprofit Estimates are largely residual, derived from other sectors’ data. organizations sector Data for consumer credit, which are estimated directly, are (tables F.101 and L.101) available through 2020:Q4. Internal Revenue Service Statistics of Income (IRS/SOI) data for Section 501(c)(3-9) nonprofit organizations are available through 2017; private foundations and Section 4947(a)(1) Nonexempt Charitable Trusts are available through 2016 (table B.101.n). Data on hedge funds from SEC forms PF and ADV through 2020:Q3 (table B.101.f). Nonfinancial corporate business Quarterly Financial Report (QFR) of the Census Bureau through (tables F.103 and L.103) 2020:Q3; IRS/SOI data through 2018. Securities offerings, mortgages, bank loans, commercial paper, and other loans through 2020:Q4. Corporate farm data through 2019; USDA forecast through 2020:Q4. Nonfinancial noncorporate business IRS/SOI data through 2017; bank and finance company loans, (tables F.104 and L.104) and mortgage borrowing through 2020:Q4. Noncorporate farm data through 2019; USDA forecast through 2020:Q4. Federal government Data from the Monthly Treasury Statement of Receipts and (tables F.106 and L.106) Outlays and Monthly Statement of the Public Debt through 2020:Q4. Data on loan programs through 2020:Q4. State and local governments Gross offerings and retirements of municipal securities, deposits (tables F.107 and L.107) at banks, and nonmarketable U.S. government security issues through 2020:Q4. Data for total financial assets from Census Bureau through 2018:Q2. Additional financial asset detail from comprehensive annual financial reports of state and local governments through 2011:Q2. Monetary authority Market value level of debt securities through 2020:Q3. All other (tables F.109 and L.109) data through 2020:Q4. U.S.-chartered depository All data through 2020:Q4. institutions (tables F.111 and L.111) Foreign banking offices in U.S. All data through 2020:Q4. (tables F.112 and L.112) Banks in U.S.-affiliated areas All data through 2020:Q4. (tables F.113 and L.113) Credit unions All data through 2020:Q4. (tables F.114 and L.114) Property-casualty insurance All data through 2020:Q3. companies (tables F.115 and L.115)

viii Sector Table Available at time of publication Life insurance companies All data through 2020:Q3. (tables F.116 and L.116) Private pension funds Internal Revenue Service/Department of Labor Form 5500 data (tables F.118 and L.118) through 2018. Investment Company Institute data through 2020:Q3. BEA annual actuarial liability data through 2019:Q4. Federal government retirement Data from the Monthly Treasury Statement of Receipts and funds Outlays, the Thrift Savings Plan, and the National Railroad (tables F.119 and L.119) Retirement Investment Trust through 2020:Q4. BEA annual actuarial liability data through 2019:Q4. State and local government Detailed annual survey data through 2019:Q2 and quarterly employee retirement funds survey data through 2020:Q3 from the Census Bureau. (tables F.120 and L.120) Investment Company Institute data through 2020:Q3. BEA annual actuarial liability data through 2019:Q4. Money market funds All data through 2020:Q4. (tables F.121 and L.121) Mutual funds All data through 2020:Q4. (tables F.122 and L.122) Closed-end funds All data through 2020:Q4. (tables F.123 and L.123) Exchange-traded funds All data through 2020:Q4. (tables F.124 and L.124) Government-sponsored enterprises Data for Fannie Mae, Freddie Mac, REFCORP, Farmer Mac, (GSEs) FCS through 2020:Q4. FHLB through 2020:Q3. FICO was (tables F.125 and L.125) dissolved in 2020:Q2. Agency- and GSE-backed Data for Freddie Mac, Fannie Mae, Farmer Mac, and Ginnie mortgage pools Mae through 2020:Q4. (tables F.126 and L.126) Issuers of asset-backed securities All data for private mortgage pools, consumer credit, business (ABS) loans, student loans, consumer leases, and trade credit (tables F.127 and L.127) securitization through 2020:Q4. Finance companies All data through 2020:Q4. (tables F.128 and L.128) Real estate investment trusts All data through 2020:Q3 and preliminary data for 2020:Q4. (REITs) (tables F.129 and L.129) Security brokers and dealers FOCUS and FOGS reports through 2020:Q4. (tables F.130 and L.130) Holding companies All data through 2020:Q4. (table F.131 and L.131) Other financial business Estimates are largely residual, derived from other sectors’ data. (tables F.132 and L.132) Rest of the world NIPA estimates, depository institutions’ Call Reports, and (tables F.133 and L.133) Treasury International Capital System through 2020:Q4. International transaction accounts and international investment position through 2020:Q3.

List of Data Tables

Title Table Page

Summaries Financial Accounts Matrix—Transactions 1 Financial Accounts Matrix—Levels 3 Debt Growth by Sector D.1 5 Borrowing by Sector D.2 6 Debt Outstanding by Sector D.3 7 Derivation of U.S. Net Wealth B.1 8 Distribution of Gross Domestic Product F.2 9 Distribution of National Income F.3 10 Saving and Investment F.4 11 Net Capital Transfers F.5 12 Derivation of Measures of Personal Saving F.6 13 Assets and Liabilities of the Personal Sector L.6 14

Transactions Levels Title Table Page Table Page

Sectors Domestic Nonfinancial F.100 15 L.100 77 Households and Nonprofit Organizations F.101 16 L.101 78 Nonfinancial Business F.102 17 L.102 79 Nonfinancial Corporate Business F.103 18 L.103 80 Nonfinancial Noncorporate Business F.104 19 L.104 81 General Government F.105 20 L.105 82 Federal Government F.106 21 L.106 83 State and Local Governments F.107 22 L.107 84 Domestic Financial F.108 23 L.108 85 Monetary Authority F.109 24 L.109 86 Private Depository Institutions F.110 25 L.110 87 U.S.-Chartered Depository Institutions F.111 26 L.111 88 Foreign Banking Offices in U.S. F.112 27 L.112 89 Banks in U.S.-Affiliated Areas F.113 28 L.113 90 Credit Unions F.114 29 L.114 90

x Sectors

Property-Casualty Insurance Companies F.115 29 L.115 91 Life Insurance Companies F.116 30 L.116 92 Life Insurance Companies: General Accounts F.116.g 31 L.116.g 93 Life Insurance Companies: Separate Accounts F.116.s 31 L.116.s 93 Private and Public Pension Funds F.117 32 L.117 94 Private Pension Funds F.118 33 L.118 95 Private Pension Funds: Defined Benefit Plans F.118.b 34 L.118.b 96 Private Pension Funds: Defined Contribution Plans F.118.c 34 L.118.c 96 Federal Government Employee Retirement Funds F.119 35 L.119 97 Federal Government Employee Retirement Funds: Defined Benefit Plans F.119.b 36 L.119.b 98 Federal Government Employee Retirement Funds: Defined Contribution Plans F.119.c 37 L.119.c 98 State and Local Government Employee Retirement Funds F.120 37 L.120 99 State and Local Government Employee Retirement Funds: Defined Benefit Plans F.120.b 38 L.120.b 100 State and Local Government Employee Retirement Funds: Defined Contribution Plans F.120.c 38 L.120.c 100 Money Market Funds F.121 39 L.121 101 Mutual Funds F.122 39 L.122 101 Closed-End Funds F.123 40 L.123 102 Exchange-Traded Funds F.124 40 L.124 102 Government-Sponsored Enterprises F.125 41 L.125 103 Agency- and GSE-Backed Mortgage Pools F.126 41 L.126 103 Issuers of Asset-Backed Securities F.127 42 L.127 104 Finance Companies F.128 43 L.128 105 Real Estate Investment Trusts (REITs) F.129 44 L.129 106 Equity Real Estate Investment Trusts F.129.e 45 L.129.e 107 Mortgage Real Estate Investment Trusts F.129.m 45 L.129.m 107 Security Brokers and Dealers F.130 46 L.130 108 Holding Companies F.131 47 L.131 109 Other Financial Business F.132 48 L.132 110 Rest of the World F.133 49 L.133 111

Instruments

U.S. Official Reserve Assets and SDR Allocations F.200 50 L.200 112 Special Drawing Rights (SDRs) Certificates and Treasury Currency F.201 50 L.201 112 U.S. Deposits in Foreign Countries F.202 50 L.202 112 Net Interbank Transactions F.203 51 L.203 113 Checkable Deposits and Currency F.204 52 L.204 114 Time and Savings Deposits F.205 53 L.205 115 Money Market Fund Shares F.206 53 L.206 115

Federal Funds and Security Repurchase Agreements F.207 54 L.207 116 Debt Securities F.208 55 L.208 117 Open Market Paper F.209 56 L.209 118 Treasury Securities F.210 57 L.210 119 Agency- and GSE-Backed Securities F.211 58 L.211 120 Municipal Securities F.212 59 L.212 121 Corporate and Foreign Bonds F.213 60 L.213 122 Loans F.214 61 L.214 123 Depository Institution Loans Not Elsewhere Classified F.215 62 L.215 124 Other Loans and Advances F.216 63 L.216 125 Total Mortgages F.217 64 L.217 126 One-to-four-family Residential Mortgages F.218 65 L.218 127 Multifamily Residential Mortgages F.219 65 L.219 127 Commercial Mortgages F.220 66 L.220 128 Farm Mortgages F.221 66 L.221 128 Consumer Credit F.222 67 L.222 129 Corporate Equities F.223 68 L.223 130 Mutual Fund Shares F.224 68 L.224 130 Trade Credit F.225 69 L.225 131 Life Insurance Reserves F.226 69 L.226 131 Pension Entitlements F.227 70 L.227 132 Taxes Payable by Businesses F.228 70 L.228 132 Proprietors' Equity in Noncorporate Business F.229 70 L.229 132 Direct Investment F.230 71 L.230 133

xii Instruments

Total Miscellaneous Financial Claims F.231 72 L.231 134 Identified Miscellaneous Financial Claims—Part I F.232 73 L.232 135 Identified Miscellaneous Financial Claims—Part II F.233 74 L.233 136 Unidentified Miscellaneous Financial Claims F.234 75 L.234 137 Sector Discrepancies F.7 76 Instrument Discrepancies F.8 76

Balance Sheet Change in Net Worth Title Table Page Table Page

Balance Sheet and Change in Net Worth

Households and Nonprofit Organizations B.101 138 R.101 141 Nonfinancial Corporate Business B.103 139 R.103 142 Nonfinancial Noncorporate Business B.104 140 R.104 143

Title Table Page

Supplementary Tables

Balance Sheet of Households B.101.h 144 Balance Sheet of Nonprofit Organizations B.101.n 145 Balance Sheet of Households and Nonprofit Organizations with Debt and Equity Holdings Detail B.101.e 146 Balance Sheet of Domestic Hedge Funds B.101.f 147 Gross Fixed Investment F.4.g 148 Consumption of Fixed Capital F.4.c 149 Net Fixed Investment F.4.f 150 Net Stocks of Fixed Assets, current cost L.4.s 151

xiii

Title Table Page

Integrated Macroeconomic Accounts for the United States

Total Economy—Current Account S.1.a 152 Selected Aggregates for Total Economy and Sectors S.2.a 153 Households and Nonprofit Institutions Serving Households S.3.a 155 Nonfinancial Noncorporate Business S.4.a 158 Nonfinancial Corporate Business S.5.a 161 Financial Business S.6.a 164 Central Bank S.61.a 167 Private Depository Institutions S.62.a 169 Insurance Companies S.63.a 172 Pension Funds S.64.a 175 Other Financial Business S.65.a 178 Federal Government S.7.a 181 State and Local Governments S.8.a 184 Rest of the World S.9.a 187

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Z.1, March 11, 2021 Financial Accounts Matrix--Transactions for 2020 (Billions of dollars; seasonally adjusted)

Households State Domestic Domestic Instrument and Nonprofit Nonfinancial Federal and Local Nonfinancial Financial Rest of All Discrep- Organziations Business Government Governments Sectors Sectors the World Sectors ancy

USUSUSUSUSUSUSUS (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Gross saving less net cap. transfers -- 4972.9 -- 2380.2 -- -2922.2 -- 416.7 -- 4847.5 -- 391.6 -- 642.4 -- 5881.4 -- 2 Capital consumption -- 1800.9 -- 2062.7 -- 305.0 -- 303.1 -- 4471.7 -- 259.4 ------4731.1 -- 3 Net saving (1 less 2) -- 3172.0 -- 317.5 -- -3227.3 -- 113.5 -- 375.8 -- 132.2 -- 642.4 -- 1150.4 --

4 Gross investment (5 plus 11) 5074.1 -- 2582.6 -- -2874.7 -- 422.1 -- 5204.1 -- 326.6 -- 851.8 -- 6382.5 -- -501.1 5 Capital expenditures 2435.3 -- 2380.0 -- 339.0 -- 474.8 -- 5629.0 -- 273.8 -- 0.3 -- 5903.2 -- -21.8 6 Consumer durables 1507.1 ------1507.1 ------1507.1 -- -- 7 Residential 736.1 -- 147.7 -- -0.3 -- 5.5 -- 889.0 -- 1.3 ------890.3 -- -- 8 Nonresidential 210.7 -- 2310.4 -- 342.2 -- 446.2 -- 3309.6 -- 272.6 ------3582.2 -- -- 9 Inventory change -- -- -76.3 ------76.3 ------76.3 -- -- 10 Nonproduced nonfinancial assets -18.6 -- -1.8 -- -3.0 -- 23.0 -- -0.3 ------0.3 ------

11 Net lending (+) or net borrowing (-) 2638.9 -- 202.6 -- -3213.7 -- -52.7 -- -424.9 -- 52.7 -- 851.5 -- 479.3 -- -479.3 12 Net acquisition of financial assets 3298.4 -- 1986.5 -- 1697.5 -- 351.8 -- 7334.3 -- 9438.3 -- 1392.3 -- 18164.9 -- -- 13 Net increase in liabilities and equity -- 659.6 -- 1783.9 -- 4911.2 -- 404.5 -- 7759.2 -- 9385.5 -- 540.8 -- 17685.6 --

14 U.S. official reserve assets ------9.4 0.0 -- -- 9.4 0.0 0.1 -- 0.0 9.5 9.5 9.5 -- 15 SDR certificates ------0.0 ------0.0 0.0 ------0.0 0.0 -- 16 Treasury currency ------0.0 ------0.0 0.4 ------0.4 -0.0 -0.4 17 Foreign deposits 1.6 -- 30.8 ------32.4 -- -6.7 -- -- 1.1 25.7 1.1 -24.6 18 Interbank claims ------1506.5 1546.2 29.3 -- 1535.8 1546.2 10.4 19 Checkable dep. and currency 634.7 -- 522.8 -- 1326.3 -- 40.8 -- 2524.6 -- 191.1 2870.6 155.4 -- 2871.0 2870.6 -0.5 20 Time and savings deposits 1991.9 -- 190.9 -- -1.3 -- 40.4 -- 2221.9 -- -119.7 2212.2 110.1 -- 2212.2 2212.2 -- 21 Money market fund shares 211.2 -- 366.7 ------5.1 -- 583.1 -- 116.6 701.7 2.0 -- 701.7 701.7 -- 22 Fed. funds and security repos -- -- 14.4 ------19.3 -- 33.7 -- -303.8 -248.1 24.6 71.0 -245.4 -177.1 68.3

23 Debt securities -408.7 -9.8 72.2 684.9 0.0 4581.2 224.8 89.2 -111.6 5345.5 6314.3 936.4 87.5 8.3 6290.2 6290.2 -- 24 Open market paper -- -- 42.4 -62.4 -- -- 9.2 -- 51.6 -62.4 -83.3 -15.7 -26.6 19.7 -58.4 -58.4 -- 25 Treasury securities 138.2 -- 22.2 -- -- 4582.2 203.8 -- 364.2 4582.2 4296.1 -- -78.2 -- 4582.2 4582.2 -- 26 Agency- and GSE-backed sec. -443.2 -- 7.4 -- 0.0 -1.0 3.6 -- -432.2 -1.0 1160.6 685.9 -43.6 -- 684.8 684.8 -- 27 Municipal securities -47.1 -9.8 0.2 5.8 -- -- 1.5 89.2 -45.4 85.2 118.4 -- 12.2 -- 85.2 85.2 -- 28 Corporate and fgn. bonds -56.6 -- -- 741.5 0.0 -- 6.8 -- -49.8 741.5 822.5 266.2 223.7 -11.4 996.3 996.3 --

29 Loans 109.8 662.2 5.3 789.2 253.9 -15.8 5.3 1.0 374.3 1436.5 1022.7 -29.6 76.8 66.9 1473.8 1473.8 -- 30 Depository inst. loans n.e.c. -- 20.3 -- 242.9 ------263.2 404.4 72.7 -- 68.5 404.4 404.4 -- 31 Other loans and advances 116.9 171.0 -- 274.9 186.9 -15.8 -- 1.0 303.7 431.0 -54.0 -103.0 76.8 -1.6 326.5 326.5 -- 32 Mortgages -4.7 474.5 5.3 271.4 3.3 0.0 5.3 -- 9.2 745.9 737.2 0.6 -- -- 746.4 746.4 -- 33 Consumer credit -2.4 -3.5 0.0 -- 63.7 ------61.4 -3.5 -64.9 ------3.5 -3.5 --

34 Corporate equities 210.9 -- 4.0 -191.5 0.0 -- -3.4 -- 211.6 -191.5 -319.7 504.4 697.5 276.5 589.4 589.4 -- 35 Mutual fund shares 20.0 -- 5.0 ------1.2 -- 26.2 -- -251.1 -229.3 -4.5 -- -229.3 -229.3 -- 36 Trade credit 7.9 8.2 11.9 41.2 13.1 9.5 8.3 49.4 41.2 108.3 32.0 36.0 27.0 6.3 100.2 150.6 50.4

37 Life insurance reserves 36.1 ------0.2 -- -- 36.1 0.2 19.4 53.2 0.4 2.5 55.9 55.9 -- 38 Pension entitlements 393.1 ------393.1 -- 11.0 400.5 0.9 4.5 405.0 405.0 -- 39 Taxes payable ------17.1 -25.3 -- 6.3 -- -19.0 17.1 -- -14.5 -- -- -19.0 2.6 21.6 40 Equity in noncorp. business 35.5 -- -- 28.7 ------35.5 28.7 -- 6.9 -- -- 35.5 35.5 -- 41 U.S. direct investment abroad -- -- 98.2 ------98.2 -- 0.2 -- -- 98.4 98.4 98.4 -- 42 Foreign direct investment in U.S. ------174.5 ------174.5 -- 6.5 181.0 -- 181.0 181.0 -- 43 Miscellaneous 54.3 -0.9 664.2 239.8 121.4 336.3 3.6 264.8 843.5 840.0 1225.1 632.4 4.3 -4.1 2072.8 1468.3 -604.5

44 Sector discrepancies (1 less 4) -101.2 -- -202.4 -- -47.5 -- -5.4 -- -356.6 -- 65.0 -- -209.4 -- -501.1 -- -501.1

General Notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. 1 Summary Z.1, March 11, 2021 Financial Accounts Matrix--Transactions Summary

Households State Domestic Domestic Instrument 2 and Nonprofit Nonfinancial Federal and Local Nonfinancial Financial Rest of All Discrep- Organziations Business Government Governments Sectors Sectors the World Sectors ancy

USUSUSUSUSUSUSUS (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Gross saving less net cap. transfers -- 156000105 -- 146000105 -- 316000105 -- 216000105 -- 386000105 -- 796000105 -- 266000105 -- 896000105 -- 2 Capital consumption -- 156300005 -- 146300005 -- 316300001 -- 216300001 -- 386300005 -- 796300005 ------886300005 -- 3 Net saving (1 less 2) -- 156006305 -- 146006305 -- 316006305 -- 216006305 -- 386006305 -- 796006305 -- 266000105 -- 896006305 --

4 Gross investment (5 plus 11) 155090005 -- 145090005 -- 315090005 -- 215090005 -- 385090005 -- 795090005 -- 265090005 -- 895090005 -- 907005005 5 Capital expenditures 155050005 -- 145050005 -- 315050005 -- 215050005 -- 385050005 -- 795019005 -- 265420005 -- 895050005 -- 906000105 6 Consumer durables 155111003 ------155111003 ------155111003 -- -- 7 Residential 155012005 -- 145012005 -- 315012065 -- 215012063 -- 385012005 -- 125012063 ------885012005 -- -- 8 Nonresidential 165013005 -- 145013005 -- 315013005 -- 215013005 -- 385013005 -- 795013005 ------885013005 -- -- 9 Inventory change -- -- 145020005 ------145020005 ------145020005 -- -- 10 Nonproduced nonfinancial assets 155420003 -- 105420005 -- 315420003 -- 215420003 -- 385420005 ------265420005 ------

11 Net lending (+) or net borrowing (-) 155000005 -- 145000005 -- 315000005 -- 215000005 -- 385000005 -- 795000005 -- 265000005 -- 895000005 -- 905000005 12 Net acquisition of financial assets 154090005 -- 144090005 -- 314090005 -- 214090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- -- 13 Net increase in liabilities and equity -- 154190005 -- 144194005 -- 314190005 -- 214190005 -- 384190005 -- 794190005 -- 264190005 -- 894190005 --

14 U.S. official reserve assets ------313011005 313111303 -- -- 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 -- 15 SDR certificates ------713014003 ------713014003 713014003 ------713014003 713014003 -- 16 Treasury currency ------313112003 ------313112003 713012003 ------713012003 313112003 903012005 17 Foreign deposits 153091003 -- 103091003 ------383091005 -- 633091003 -- -- 263191005 893091005 263191005 903091005 18 Interbank claims ------794010005 794110005 264016005 -- 894010005 794110005 904010005 19 Checkable dep. and currency 153020005 -- 143020005 -- 313020005 -- 213020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 903020005 20 Time and savings deposits 153030005 -- 143030005 -- 313030003 -- 213030000 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 21 Money market fund shares 153034005 -- 143034005 ------213034003 -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 22 Fed. funds and security repos -- -- 102051003 ------212051003 -- 382051005 -- 792050005 792150005 262051005 262151003 892050005 892150005 902050005

23 Debt securities 154022005 163162003 144022005 104122005 314022005 314122005 214022005 213162005 384022005 384122005 794022005 794122005 264022005 264122005 894122005 894122005 -- 24 Open market paper -- -- 103069100 103169100 -- -- 213069103 -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 25 Treasury securities 153061105 -- 143061105 -- -- 313161105 213061105 -- 383061105 313161105 793061105 -- 263061105 -- 313161105 313161105 -- 26 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 313061703 313161705 213061703 -- 383061705 313161705 793061705 423161705 263061705 -- 893161705 893161705 -- 27 Municipal securities 153062005 163162003 143062005 103162000 -- -- 213062003 213162005 383062005 383162005 793062005 -- 263062003 -- 383162005 383162005 -- 28 Corporate and fgn. bonds 153063005 -- -- 103163003 313063763 -- 213063003 -- 383063005 103163003 793063005 793163005 263063005 263163005 893063005 893163005 --

29 Loans 154023005 154123005 144023005 144123005 314023005 314123005 213065005 213169203 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 30 Depository inst. loans n.e.c. -- 153168005 -- 143168005 ------383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 31 Other loans and advances 153069005 153169005 -- 143169005 313069005 313169003 -- 213169203 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 32 Mortgages 153065005 153165005 143065005 143165005 313065005 313165403 213065005 -- 383065005 383165005 793065005 123165005 -- -- 893065005 893065005 -- 33 Consumer credit 163066223 153166000 143066005 -- 313066220 ------383066005 153166000 793066005 ------153166000 153166000 --

34 Corporate equities 153064105 -- 103064103 103164103 313064105 -- 213064103 -- 383064105 103164103 793064105 793164105 263064105 263164100 893064105 893064105 -- 35 Mutual fund shares 153064205 -- 103064203 ------213064203 -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 36 Trade credit 163070005 163170005 143070005 143170005 313070000 313170005 213070003 213170003 383070005 383170005 793070005 793170005 263070005 263170005 893070005 893170005 903070005

37 Life insurance reserves 153040005 ------313140003 -- -- 153040005 313140003 793040005 543140005 543141905 263140005 893140005 893140005 -- 38 Pension entitlements 153050005 ------153050005 -- 543050005 583150005 543151905 263150005 893150005 893150005 -- 39 Taxes payable ------143178005 313078000 -- 213078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 903078005 40 Equity in noncorp. business 152090205 -- -- 112090205 ------152090205 112090205 -- 662090003 -- -- 152090205 152090205 -- 41 U.S. direct investment abroad -- -- 103092005 ------103092005 -- 793092005 -- -- 263192005 263192005 263192005 -- 42 Foreign direct investment in U.S. ------143192005 ------143192005 -- 793192005 263092001 -- 263092001 263092001 -- 43 Miscellaneous 153090005 543077073 143090005 143190005 313090005 313190005 213093003 223073045 383090005 383190005 793090005 793190005 263076005 263190005 893090005 893190005 903090005

44 Sector discrepancies (1 less 4) 157005005 -- 107005005 -- 317005005 -- 217005005 -- 387005005 -- 797005005 -- 267005005 -- 897005005 -- 907005005

General Notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Z.1, March 11, 2021 Financial Accounts Matrix--Levels for 2020 (Billions of dollars; amounts outstanding end of period, not seasonally adjusted)

Households State Domestic Domestic Instrument and Nonprofit Nonfinancial Federal and Local Nonfinancial Financial Rest of All Discrep- Organizations Business Government Governments Sectors Sectors the World Sectors ancy

ALALALALALALALAL (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Total financial assets 104767.3 -- 29445.5 -- 4581.6 -- 3869.0 -- 142663.4 -- 122077.4 -- 40352.0 -- 305092.8 -- -4595.0 2 Total liabilities and equity -- 17056.9 -- 96645.2 -- 26401.1 -- 8329.7 -- 148432.9 -- 125825.8 -- 26239.0 -- 300497.7 -- 3 Total liabilities -- 17056.9 -- 41950.5 -- 26401.1 -- 8329.7 -- 93738.2 -- 113299.1 -- 15726.0 -- 222763.3 --

4 U.S. official reserve assets ------111.7 50.0 -- -- 111.7 50.0 33.1 -- 50.0 133.7 194.8 183.7 -11.0 5 SDR certificates ------5.2 ------5.2 5.2 ------5.2 5.2 -- 6 Treasury currency ------23.1 ------23.1 50.5 ------50.5 23.1 -27.3 7 Foreign deposits 42.6 -- 147.4 ------190.0 -- 0.7 -- -- 753.3 190.7 753.3 562.6 8 Interbank claims ------3138.2 3257.9 152.9 -- 3291.1 3257.9 -33.2

9 Checkable dep. and currency 3241.1 -- 2132.1 -- 1732.0 -- 229.9 -- 7335.0 -- 650.5 9129.6 1141.2 -- 9126.7 9129.6 2.9 10 Time and savings deposits 10827.7 -- 1495.6 -- 1.0 -- 413.6 -- 12737.9 -- 237.0 13682.2 707.3 -- 13682.2 13682.2 -- 11 Money market fund shares 2419.1 -- 1035.7 ------31.7 -- 3486.5 -- 722.4 4336.0 127.1 -- 4336.0 4336.0 -- 12 Fed. Funds and security repos -- -- 26.6 ------183.5 -- 210.1 -- 3579.0 2957.6 1080.0 1292.2 4869.1 4249.8 -619.4

13 Debt securities 5077.1 202.3 485.7 7256.8 0.5 23621.1 1973.1 3164.6 7536.4 34244.7 35872.9 15647.0 12954.5 4027.8 56363.9 53919.5 -2444.4 14 Open market paper -- -- 287.4 132.1 -- -- 87.0 -- 374.4 132.1 508.8 382.3 103.7 472.5 986.9 986.9 -- 15 Treasury securities 1767.3 -- 149.2 -- -- 23600.9 1085.3 -- 3001.8 23600.9 14432.0 -- 7071.5 -- 24505.3 23600.9 -904.4 16 Agency- and GSE-backed sec. 213.2 -- 23.0 -- 0.0 20.2 536.9 -- 773.1 20.2 8418.1 10094.1 1198.5 -- 10389.7 10114.3 -275.4 17 Municipal securities 1909.3 202.3 26.2 583.1 -- -- 18.7 3164.6 1954.2 3949.9 2224.4 -- 115.9 -- 4294.5 3949.9 -344.6 18 Corporate and fgn. bonds 1187.3 -- -- 6541.6 0.5 -- 245.2 -- 1433.0 6541.6 10289.7 5170.6 4464.9 3555.3 16187.5 15267.5 -920.0

19 Loans 1024.7 16437.8 129.6 10462.4 1928.0 0.0 262.8 22.1 3345.1 26922.3 25351.7 1925.1 907.5 756.9 29604.3 29604.3 -- 20 Depository inst. loans n.e.c. -- 370.1 -- 2769.8 ------3139.9 4223.1 382.4 -- 700.8 4223.1 4223.1 -- 21 Other loans and advances 922.0 666.9 -- 2356.9 417.8 0.0 -- 22.1 1339.8 3045.8 2172.4 1317.8 907.5 56.2 4419.7 4419.7 -- 22 Mortgages 77.4 11222.8 93.8 5335.7 127.2 0.0 262.8 -- 561.1 16558.5 16222.2 224.9 -- -- 16783.4 16783.4 -- 23 Consumer credit 25.3 4178.1 35.8 -- 1383.0 ------1444.1 4178.1 2734.0 ------4178.1 4178.1 --

24 Corporate equities 24719.1 -- 2694.7 41553.2 33.2 -- 201.4 -- 27648.4 41553.2 26250.6 12436.4 10603.6 10513.1 64502.6 64502.6 -- 25 Mutual fund shares 11274.9 -- 374.4 ------104.4 -- 11753.8 -- 6794.7 19562.6 1014.1 -- 19562.6 19562.6 -- 26 Trade credit 277.6 381.3 4511.1 3455.7 87.2 409.3 247.4 1100.5 5123.2 5346.7 367.2 331.2 373.3 88.0 5863.7 5766.0 -97.7

27 Life insurance reserves 1817.5 ------52.4 -- -- 1817.5 52.4 520.3 2225.7 11.1 70.8 2348.9 2348.9 -- 28 Pension entitlements 29472.8 ------29472.8 -- 211.0 29615.3 16.9 85.4 29700.7 29700.7 -- 29 Taxes payable ------432.9 350.9 -- 185.0 -- 536.0 432.9 -- 158.0 -- -- 536.0 590.8 54.9 30 Equity in noncorp. business 13231.9 -- -- 13141.6 ------13231.9 13141.6 -- 90.3 -- -- 13231.9 13231.9 -- 31 U.S. direct investment abroad -- -- 7044.9 ------7044.9 -- 1200.9 -- -- 8245.8 8245.8 8245.8 -- 32 Foreign direct investment in U.S. ------9703.4 ------9703.4 -- 1443.6 11146.9 -- 11146.9 11146.9 -- 33 Miscellaneous 1341.2 35.6 9367.7 10639.4 337.1 2240.1 36.2 4042.5 11082.2 16957.5 17091.6 9027.5 65.5 272.0 28239.3 26257.0 -1982.3

ALALALALALALALAL (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

1 Total financial assets 154090005 -- 144090005 -- 314090005 -- 214090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- 907005015 2 Total liabilities and equity -- 154190005 -- 144194005 -- 314190005 -- 214190005 -- 384194005 -- 794194005 -- 264194005 -- 894194005 -- 3 Total liabilities -- 154190005 -- 144190005 -- 314190005 -- 214190005 -- 384190005 -- 794190005 -- 264190005 -- 894190005 --

4 U.S. official reserve assets ------313011005 313111303 -- -- 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 903011005 5 SDR certificates ------713014003 ------713014003 713014003 ------713014003 713014003 -- 6 Treasury currency ------313112003 ------313112003 713012003 ------713012003 313112003 903012005 7 Foreign deposits 153091003 -- 103091003 ------383091005 -- 633091003 -- -- 263191005 893091005 263191005 903091005 8 Interbank claims ------794010005 794110005 264016005 -- 894010005 794110005 904010005

9 Checkable dep. and currency 153020005 -- 143020005 -- 313020005 -- 213020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 903020005 10 Time and savings deposits 153030005 -- 143030005 -- 313030003 -- 213030000 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 11 Money market fund shares 153034005 -- 143034005 ------213034003 -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 12 Fed. Funds and security repos -- -- 102051003 ------212051003 -- 382051005 -- 792050005 792150005 262051005 262151003 892050005 892150005 902050005

13 Debt securities 154022005 163162003 144022005 104122005 314022005 314122005 214022005 213162005 384022005 384122005 794022005 794122005 264022005 264122005 894022005 894122005 904022005 14 Open market paper -- -- 103069100 103169100 -- -- 213069103 -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 15 Treasury securities 153061105 -- 143061105 -- -- 313161105 213061105 -- 383061105 313161105 793061105 -- 263061105 -- 893061105 313161105 903061103 16 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 313061703 313161705 213061703 -- 383061705 313161705 793061705 423161705 263061705 -- 893061705 893161705 903061703 17 Municipal securities 153062005 163162003 143062005 103162000 -- -- 213062003 213162005 383062005 383162005 793062005 -- 263062003 -- 893062005 383162005 903062003 18 Corporate and fgn. bonds 153063005 -- -- 103163003 313063763 -- 213063003 -- 383063005 103163003 793063005 793163005 263063005 263163005 893063005 893163005 903063003

19 Loans 154023005 154123005 144023005 144123005 314023005 314123005 213065005 213169203 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 20 Depository inst. loans n.e.c. -- 153168005 -- 143168005 ------383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 21 Other loans and advances 153069005 153169005 -- 143169005 313069005 313169003 -- 213169203 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 22 Mortgages 153065005 153165005 143065005 143165005 313065005 313165403 213065005 -- 383065005 383165005 793065005 123165005 -- -- 893065005 893065005 -- 23 Consumer credit 163066223 153166000 143066005 -- 313066220 ------383066005 153166000 793066005 ------153166000 153166000 --

24 Corporate equities 153064105 -- 103064103 103164103 313064105 -- 213064103 -- 383064105 103164103 793064105 793164105 263064105 263164100 893064105 893064105 -- 25 Mutual fund shares 153064205 -- 103064203 ------213064203 -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 26 Trade credit 163070005 163170005 143070005 143170005 313070000 313170005 213070003 213170003 383070005 383170005 793070005 793170005 263070005 263170005 893070005 893170005 903070005

27 Life insurance reserves 153040005 ------313140003 -- -- 153040005 313140003 793040005 543140005 543141905 263140005 893140005 893140005 -- 28 Pension entitlements 153050005 ------153050005 -- 543050005 583150005 543151905 263150005 893150005 893150005 -- 29 Taxes payable ------143178005 313078000 -- 213078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 903078005 30 Equity in noncorp. business 152090205 -- -- 112090205 ------152090205 112090205 -- 662090003 -- -- 152090205 152090205 -- 31 U.S. direct investment abroad -- -- 103092005 ------103092005 -- 793092005 -- -- 263192005 263192005 263192005 -- 32 Foreign direct investment in U.S. ------143192005 ------143192005 -- 793192005 263092001 -- 263092001 263092001 -- 33 Miscellaneous 153090005 543077073 143090005 143190005 313090005 313190005 213093003 223073045 383090005 383190005 793090005 793190005 263076005 263190005 893090005 893190005 903090005

General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of corporate equities (line 24) and equity in noncorporate business (line 30). The matrix shows a discrepancy in column 17 for monetary gold (line 4) because by international accounting convention, monetary gold is a financial asset without a corresponding liability. F34005F14005F13615F13600F14005F14005F34005F24005F74005FG264104005 FG794104005 FG214104005 FG314104005 FG104104005 FG144104005 FG153166000 FG153165105 FG154104005 FG384104005 Q .665 .822 .617 09 .664 7.57 3.04 4.73 6.40 9.75 -8.59 -0.64 6.98 10.16 -3.16 -7.85 1.66 24.12 1.00 5.55 0.19 3.29 5.61 2.61 4.30 2.15 3.49 0.84 10.93 2.91 10.07 9.10 2.69 0.89 15.80 2.07 -1.80 2.11 12.05 -0.66 58.86 1.70 7.92 11.38 1.74 4.49 9.45 -2.15 -2.66 8.86 0.12 -1.18 3.15 3.15 0.24 15.36 8.13 9.56 -1.15 24.43 0.76 2.41 2.02 -2.77 0.65 2.70 0.54 4.10 -4.58 6.22 3.18 4.44 1.67 4.38 6.31 15.13 -0.45 6.66 -0.51 7.77 19.03 3.66 5.09 2.29 -0.49 14.36 3.47 2.27 -2.21 2.03 12.07 5.41 4.14 1.19 5.75 2.00 4.36 5.44 0.98 4.34 -5.58 2.28 5.03 -0.51 0.99 2.09 6.63 0.96 5.15 2.17 3.01 5.18 2.40 2.11 2.58 4.10 8.64 5.71 1.35 4.56 3.03 4.86 9.49 3.19 4.71 3.05 2.91 1.23 4.36 0.33 1.87 4.54 3.56 3.24 8.43 4.59 5.16 5.97 -1.58 3.80 6.53 7.23 6.70 0.00 4.31 2.42 1.91 5.72 8.08 5.18 1.05 3.25 1.37 5.31 9.53 5.48 0.07 23.96 0.38 3.21 6.67 -1.16 6.12 3.78 4.19 -0.63 2.50 5.32 7.58 14.53 7.07 3.89 6.26 -10.39 -2.57 1.80 3.74 6.06 3.42 -2.51 5.45 1. Debtsecuritiesandloans. Datashownareonanend-of-periodbasis. 9.07 2.41 15.44 5.56 3.38 -0.23 6.65 10.06 -4.08 3.27 25.47 7.82 5.02 4.14 2.26 21.42 4.83 3.55 -0.27 10.83 3.28 Q4 -9.62 2.25 4.54 6.25 3.52 5.11 2.76 -0.97 Q3 4.12 5.37 4.61 7.99 5.27 3.42 13.65 Q2 8.68 2.75 6.67 3.79 1.73 9.08 5.85 2.86 2020 --Q1 3.18 3.56 10.42 7.51 9.01 7.85 3.51 6.02 4.83 10.12 2.74 4.71 3.61 -1.26 5.90 1.44 6.69 4.19 10.82 2.80 Q4 3.20 7.36 6.67 6.23 6.54 6.30 9.46 3.41 Q3 7.09 3.42 5.47 5.43 11.16 -0.08 Q2 18.53 4.40 5.19 2.77 3.91 8.63 6.66 6.33 7.04 2019 --Q1 2.41 4.55 2.46 11.05 20.41 4.34 5.11 4.93 21.44 2.46 10.36 4.77 4.04 6.76 11.71 2.18 Q4 4.66 6.65 5.24 11.65 3.60 14.19 8.32 1.16 4.44 -0.89 Q3 4.43 6.79 3.92 4.01 16.71 15.90 Q2 11.09 6.61 5.65 7.09 2.54 8.80 -4.93 2.87 4.21 4.11 2018 --Q1 12.07 2.51 19.54 4.03 2.96 5.00 1.43 -2.99 8.31 15.67 3.55 13.03 11.74 7.15 3.06 3.58 Q4 -0.75 4.50 9.50 2.17 4.08 6.10 2.06 3.26 11.86 7.69 6.81 Q3 5.35 -3.94 5.76 1.27 2.74 2.03 1.35 5.06 3.34 4.95 Q2 6.20 5.80 4.13 4.84 13.52 3.32 -6.30 2017 --Q1 11.32 -1.96 12.57 3.17 4.70 -0.05 3.87 -1.10 8.11 0.13 -0.28 5.95 12.47 -5.49 -0.12 3.10 -0.68 Q4 10.04 -0.09 -3.58 0.36 8.07 -1.09 2.24 6.78 3.28 Q3 8.58 4.75 1.46 -0.26 1.31 3.52 -3.95 -0.59 5.29 8.02 Q2 4.70 6.11 4.60 5.73 1.22 2016 --Q1 -1.50 4.27 10.14 1.53 4.38 1.14 2.29 9.40 5.18 4.45 2.15 0.87 3.18 0.55 12.88 2020 4.52 4.36 9.23 4.82 5.00 11.02 8.62 5.11 0.74 0.14 15.63 1.74 8.40 8.92 7.20 5.27 2019 5.57 -0.58 3.76 5.31 10.92 2018 6.58 5.30 4.06 3.84 10.33 11.19 18.24 11.46 5.56 5.98 0.45 2017 24.93 4.71 11.65 13.76 11.18 8.65 10.99 12.03 24.34 8.50 12.47 2016 7.10 -0.03 3.67 21.08 5.23 11.36 7.14 5.47 2015 4.37 13.44 7.63 0.60 7.80 10.55 13.42 5.86 14.49 17.69 13.05 10.94 13.26 2014 8.61 3.67 7.22 10.82 -2.10 5.38 8.68 17.21 15.26 10.55 2013 5.78 5.52 31.85 5.40 8.65 3.06 2012 8.17 9.05 11.56 7.30 2011 8.53 -0.31 11.21 12.33 11.39 11.44 9.35 14.39 13.93 9.73 2010 8.78 10.99 -2.13 8.08 8.02 6.90 8.60 3.63 8.81 17.75 6.11 15.23 8.82 2009 9.10 7.44 6.18 2008 19.10 7.83 16.84 1.13 6.27 18.48 4.86 13.81 9.36 2007 6.64 9.96 -1.07 8.09 11.76 2006 12.64 11.89 5.76 1.87 7.76 5.56 6.55 2005 4.75 5.51 7.05 9.17 16.61 8.36 6.49 11.41 6.30 6.93 2004 6.67 7.01 6.67 13.59 10.98 8.16 2003 6.74 8.85 4.85 7.49 2002 5.56 6.07 16.07 2001 5.22 9.23 9.14 9.17 5.19 10.94 2000 4.87 12.87 5.64 15.95 11.79 9.88 6.81 13.44 1999 5.18 18.37 1998 5.76 4.98 13.75 9.37 12.14 1997 4.67 5.54 14.61 9.78 1996 4.74 0.97 9.68 1995 6.56 11.43 11.36 10.20 4.75 1994 7.49 16.75 7.23 1993 9.20 10.91 1992 8.98 12.62 1991 11.96 11.37 1990 5.62 16.09 7.16 8.77 1989 14.75 1988 12.13 1987 10.17 1986 10.23 1985 9.62 1984 1983 1982 1981 1980 In percent;quarterlyfiguresareseasonallyadjustedannualrates D.1 DebtGrowthbySector oa oa e.mrggscei oa oprt oenetgvrmnsscosworld sectors governments government Corporate Total credit res.mortgages Total Total Households 1 n-ofu-aiyConsumer One-to-four-family Domestic nonfinancialsectors Business eea oa iaca ofthe financial local Federal tt n oetcRest Domestic Stateand Z.1, March11,2021 5

Summary Summary F34005F14005F13615F13600F14005F14005F34005F24005F74005FA264104005 FA794104005 FA214104005 FA314104005 FA104104005 FA144104005 FA153166000 FA153165105 FA154104005 FA384104005 Q 70217. 5. 5014719121. 2610. 348.4 136.9 -386.2 426.8 1106.2 202.0 -111.4 297.4 412.9 4020.4 52.6 166.0 -1388.1 173.7 -126.5 7.8 542.0 427.8 220.9 26.2 170.6 108.4 89.3 2512.9 351.4 2045.4 391.7 435.3 27.4 584.2 -55.4 333.8 2167.7 338.5 189.1 11535.3 429.0 -239.6 846.1 -20.4 272.8 278.7 -82.5 313.0 19.8 1634.0 -36.7 575.3 1650.8 2473.7 273.6 7.5 134.7 96.2 499.1 65.5 1707.4 -38.6 379.3 -86.9 619.6 66.5 422.8 725.1 2574.6 98.9 3091.1 75.3 431.4 777.0 -80.6 95.0 -148.1 -13.9 750.3 83.7 1144.9 569.5 366.8 252.6 -15.4 2385.4 915.8 -69.4 395.3 -234.1 399.7 197.7 41.2 536.2 684.3 412.6 330.3 38.3 906.8 -16.1 825.0 189.9 821.4 559.1 32.2 1026.6 607.8 169.4 30.1 371.8 271.0 829.2 321.9 198.4 698.3 330.3 413.8 346.6 74.7 256.8 373.2 176.2 713.2 283.1 90.2 268.3 462.5 41.8 297.7 183.5 476.1 398.3 1070.0 188.5 208.3 924.4 252.7 10.3 552.7 516.1 811.8 10.8 335.9 204.2 0.0 365.8 162.5 -49.6 286.9 604.1 1036.5 329.4 212.9 758.5 187.7 204.4 32.6 4565.3 -99.1 3770.2 255.4 161.2 1224.6 861.5 11.6 -94.6 3239.7 543.3 148.1 (1) Debtsecuritiesandloans. -203.6 978.8 447.4 1190.7 532.4 227.0 244.8 821.7 -399.7 14229.1 150.8 -79.6 1258.1 5889.0 644.7 598.6 329.5 249.2 1018.5 -675.7 Q4 -7.4 741.9 304.4 348.5 842.7 328.0 251.7 132.0 Q3 786.3 -8.6 1845.6 466.7 274.4 724.6 187.3 830.6 Q2 283.9 -31.3 3109.6 317.2 -1733.1 422.9 190.8 98.9 541.7 2020 --Q1 735.9 1474.1 89.2 1849.0 390.8 543.1 313.4 16.3 1117.9 91.4 214.9 3062.1 857.3 310.2 545.5 2064.8 268.2 62.3 Q4 42.3 748.4 480.3 596.7 272.2 140.6 234.8 1180.6 Q3 1431.0 -10.5 610.1 1763.9 1138.7 328.9 -3.5 230.3 57.2 466.9 Q2 1139.4 855.1 1996.6 769.7 240.4 1645.9 2019 --Q1 172.4 231.4 370.8 698.7 1175.0 2174.1 362.4 1091.1 836.5 181.9 3331.5 22.3 404.2 848.1 116.6 589.1 1505.8 1302.5 235.1 71.4 37.6 310.1 Q4 181.6 958.5 520.8 165.5 207.0 751.6 Q3 465.5 -55.2 909.1 189.8 1957.4 110.4 120.5 85.5 Q2 270.4 182.8 365.2 480.3 230.1 2031.4 2018 --Q1 75.3 -324.3 260.2 144.6 293.3 580.2 234.9 219.1 2381.7 574.0 1112.3 251.8 601.8 294.2 1088.0 105.5 1686.9 346.9 502.5 220.8 Q4 652.3 16.9 295.7 -14.5 62.0 -75.9 16.9 305.0 420.7 664.5 Q3 402.8 951.3 177.6 196.0 574.6 -421.2 10.1 Q2 585.8 282.1 517.2 37.3 158.7 119.5 467.4 403.8 2246.5 66.8 109.4 2017 --Q1 50.8 498.0 55.2 17.9 266.9 2155.4 -4.9 6782.0 560.5 468.4 -28.2 2689.4 -275.0 351.8 231.8 6.1 1127.8 152.6 Q4 -11.8 436.7 -1.0 -20.5 -94.6 1.1 34.3 -4.5 Q3 2466.6 -107.0 312.2 181.5 -60.8 818.1 -30.1 -58.6 Q2 2316.5 -11.4 608.7 10.6 63.4 153.0 211.3 9.2 2016 --Q1 2014.3 345.8 168.2 -45.5 150.2 -156.2 57.9 16.5 407.3 2010.6 311.0 191.1 92.5 80.0 224.1 5.0 74.9 2020 1896.5 91.2 120.1 174.2 79.1 147.4 367.7 252.3 19.3 388.2 100.4 30.4 316.5 47.1 263.1 40.6 279.6 10.3 -81.6 2019 538.2 1576.1 193.5 715.5 333.7 117.2 293.2 343.8 2018 1641.3 163.0 19.4 42.8 47.4 63.5 105.9 2017 1827.0 1000.3 190.2 105.2 316.6 232.8 561.5 50.4 -4.2 2016 567.2 1378.5 1081.3 150.6 90.4 164.7 381.5 280.2 176.5 97.1 2015 1577.6 191.0 951.4 107.5 74.2 929.4 133.2 15.2 233.4 82.1 1269.8 874.1 106.7 180.9 2014 1288.7 235.5 706.2 -54.2 163.6 112.4 1174.9 187.9 97.1 2013 1926.5 508.2 52.5 70.3 132.0 383.5 174.2 2012 205.5 2522.0 47.3 41.7 1122.4 112.6 245.5 105.7 2011 2423.7 -11.3 1063.7 27.6 165.3 22.2 147.0 2010 2295.9 765.2 265.6 379.4 -80.4 225.5 622.5 303.2 132.3 585.8 164.3 215.7 216.1 135.0 2009 2115.4 199.8 61.4 173.4 226.4 205.2 2008 1684.9 9.2 213.7 154.0 95.5 2007 1339.2 184.3 568.8 86.3 -8.8 309.6 2006 1099.7 454.9 15.1 865.9 222.3 207.1 345.5 166.8 2005 94.5 95.3 293.6 346.7 156.5 47.0 318.7 173.0 2004 254.7 1137.5 125.0 69.5 46.6 174.5 2003 1077.4 32.3 320.8 841.2 320.6 200.0 2002 55.8 750.7 165.8 244.8 153.1 2001 667.6 199.1 224.9 84.0 2000 189.7 204.5 132.7 215.6 81.7 674.0 229.3 221.6 1999 48.2 708.5 18.8 199.4 1998 548.1 288.9 1997 19.8 181.7 531.9 3.4 273.9 1996 688.9 250.8 127.6 1995 264.6 105.2 47.4 730.9 1994 331.4 67.0 821.8 1993 90.2 737.8 222.0 1992 877.9 181.7 1991 85.8 1990 1015.2 101.6 811.0 113.7 1989 594.6 1988 454.0 1987 414.4 1986 354.9 1985 1984 1983 1982 1981 1980 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates D.2 BorrowingbySector 6

Z.1, March11,2021 oa oa e.mrggscei oa oprt oenetgvrmnsscosworld sectors governments government Corporate Total credit res.mortgages Total Total Households 1 n-ofu-aiyConsumer One-to-four-family Domestic nonfinancialsectors Business eea oa iaca ofthe financial local Federal tt n oetcRest Domestic Stateand

L34005L14005L13615L13600L14005L14005L34005L24005L74005LA264104005 LA794104005 LA214104005 LA314104005 LA104104005 LA144104005 LA153166000 LA153165105 LA154104005 LA384104005 Q 16. 64. 03. 18117921152261138. 77. 4784.7 4604.4 4507.1 4273.7 17572.0 17296.4 4494.5 17325.7 4378.3 17674.3 3186.7 4261.6 4064.3 3173.5 16671.3 3130.1 3103.0 16632.4 4002.2 23621.1 16499.1 3987.4 16391.7 22992.8 3096.4 3939.4 22481.5 3963.4 3074.1 19597.7 16310.3 11145.2 3067.2 3081.1 16204.4 11098.0 3887.7 19055.7 16124.3 11157.9 3697.8 16046.6 10745.2 18844.2 3086.2 17719.2 3560.5 18435.7 3445.0 3106.8 17684.0 18291.9 15979.0 10126.7 3116.0 17657.9 3114.1 15977.2 17014.4 10110.4 3311.7 4178.1 17865.0 15856.2 9955.5 3363.6 4154.3 15765.3 9847.6 17683.7 3135.8 16241.8 3355.6 4133.4 17489.5 3111.1 3287.5 17203.3 4191.9 16150.3 4784.7 15685.2 9658.2 10935.4 3114.6 15921.6 3118.4 15709.5 9559.3 10798.7 15750.8 16606.9 4176.9 4494.5 15572.6 9456.2 10651.0 4002.2 9082.2 16524.4 4134.6 15445.9 10572.5 3887.7 3135.8 16640.1 17572.0 15492.5 16319.0 4085.0 3311.7 3139.8 16375.6 16111.7 4040.9 15318.2 9014.5 10481.8 3231.4 3132.3 16148.8 16671.3 15140.3 8870.7 16310.3 3113.6 14695.1 16148.1 10422.2 61167.0 3186.7 15979.0 16008.3 3995.1 8771.1 10341.6 3284.8 60226.0 (1) Debtsecuritiesandloans. Dataareshownonanend-of-periodbasis. 8642.1 15685.2 15933.9 3944.0 10263.0 2973.5 14557.1 15995.0 59418.3 3096.4 15245.4 15730.9 3883.2 3086.2 2827.9 3846.9 55863.1 14294.8 15862.7 15471.8 3135.8 Q4 8485.8 23621.1 10204.4 2469.8 14079.9 15733.0 15287.4 Q3 3135.8 8515.2 13835.6 15575.6 10147.8 2247.7 3809.9 54389.0 15020.1 Q2 3103.2 8403.3 19055.7 10070.9 3747.6 53931.3 17865.0 8365.6 14871.6 9993.8 2020 --Q1 11145.2 1968.9 16606.9 13565.8 15493.7 3714.5 53157.6 15043.6 3091.5 1562.1 3667.7 16008.3 52699.4 13494.7 15392.5 15522.1 3171.2 Q4 9928.8 10126.7 1959.7 15165.6 13287.5 15254.7 1630.2 9658.2 Q3 3178.5 9855.9 13152.5 15127.2 17719.2 9014.5 3620.0 51937.4 1325.7 16556.4 Q2 3187.2 9794.9 14441.1 8485.8 3566.3 51501.3 18007.3 9734.4 2019 --Q1 3218.4 16241.8 13705.1 15010.7 8180.1 3507.6 51000.4 1265.4 17301.8 15126.4 1144.4 15492.5 3450.0 12847.8 50139.7 4178.1 14823.8 944.5 3123.2 Q4 14557.1 9658.8 13727.6 829.5 11667.3 14739.2 7605.4 Q3 2982.6 13565.8 9606.8 837.1 14599.5 10528.6 4176.9 7138.0 49310.6 Q2 2940.3 12873.6 9555.5 12642.7 2767.8 3995.1 6778.6 48754.1 11536.7 9511.4 2018 --Q1 10935.4 3809.9 2651.3 776.7 8882.6 14476.0 6382.5 48252.7 10526.4 12052.2 3620.0 9689.9 806.0 7376.8 47665.3 14390.5 6072.4 10481.8 Q4 11303.0 3389.9 2485.8 8675.5 763.6 6074.3 14254.5 5803.9 1568.4 10204.4 Q3 10839.0 16640.1 689.1 14136.5 9928.8 47185.8 5584.8 1447.9 6175.9 Q2 10271.6 3311.3 7765.4 602.5 9658.8 46958.8 1303.4 6584.5 2017 --Q1 10027.1 15995.0 3090.5 6655.4 9492.9 46405.1 5250.9 1197.9 6329.3 15493.7 2912.9 61167.0 5658.3 4848.0 5567.4 473.4 45874.4 484.8 Q4 15010.7 2756.2 5253.5 4427.3 4985.7 10161.4 9387.3 1181.0 395.5 Q3 14476.0 2646.8 54389.0 4145.2 4411.1 10678.6 9437.1 1143.8 Q2 375.5 14069.3 51937.4 4986.6 4090.0 10104.4 368.7 9537.1 8971.7 4809.9 1076.9 2016 --Q1 49310.6 3940.8 2555.0 9785.5 8151.5 4789.7 1026.2 3464.3 13914.0 47185.8 4365.0 2643.8 354.8 9992.3 4794.2 1046.7 3107.2 2020 13790.8 45211.7 351.9 4395.1 2609.5 7542.8 4658.2 2859.8 13568.0 2456.7 310.4 7111.4 4406.5 2678.3 1107.5 10441.1 2019 13633.6 2320.6 43498.8 300.2 7017.3 4343.1 1153.0 4312.3 2018 10577.3 13762.4 41970.1 290.1 6869.9 4152.0 1095.1 2463.8 3910.2 2017 10625.0 2211.2 2220.1 40433.3 6570.4 1078.6 9940.3 2102.9 3522.1 987.4 2016 13950.0 1958.9 38759.6 287.3 3977.8 8940.4 1997.0 265.0 3244.6 3784.3 2015 1683.4 14109.4 37536.5 6032.2 1891.8 267.2 3094.0 3491.1 222.5 940.4 1338.2 14240.3 5436.2 175.8 893.0 7859.1 1741.3 3147.4 2014 13317.1 36117.3 6914.9 4869.1 842.6 2888.0 2830.8 2013 1104.5 12031.8 35147.4 6031.1 4489.6 2690.7 752.1 931.1 1553.6 2012 33359.3 5324.9 4268.7 2545.0 677.9 823.4 1441.3 723.6 2550.5 2011 10856.9 30860.6 4816.8 2526.6 620.2 2369.6 9709.2 1344.2 2010 28419.3 4017.3 2585.4 2181.7 513.6 8627.4 1273.9 3805.5 4434.5 2007.5 461.1 7862.2 1168.2 3680.5 2009 26136.4 4057.4 2455.2 1762.0 413.8 7239.7 372.1 3688.6 2265.2 2008 23237.2 3754.2 344.4 1021.2 3775.9 2051.5 2007 21519.9 3538.1 886.2 1496.5 6644.0 1864.5 2006 20180.7 3319.9 824.8 1280.8 6077.6 3645.4 1638.9 2005 19098.0 815.6 3407.1 1081.0 907.7 5622.7 812.2 3165.9 824.4 3109.8 5277.2 1458.0 2004 18222.2 2999.2 2864.7 4917.7 1247.2 2003 17052.6 2840.4 809.3 2572.0 745.2 1129.9 2002 15975.2 2667.4 1038.7 4599.0 698.6 2001 919.6 15136.1 2489.3 2320.6 4278.4 666.4 2000 14385.1 1996.2 4031.2 610.6 2260.1 1807.6 3832.1 2054.8 1658.5 1999 13701.7 3624.0 1828.6 526.6 1474.7 1998 13021.3 1649.0 444.9 1997 12298.0 3365.6 1450.2 396.7 1996 11746.7 3084.2 377.9 1995 11218.1 2802.0 358.0 1243.3 2592.3 1116.4 1994 10501.9 2329.8 9753.9 1031.2 1993 998.3 8936.1 1992 1977.7 926.5 8216.7 1991 1759.6 7341.7 1990 1597.9 1526.6 6308.4 1989 1420.2 5497.7 1988 4900.3 1987 4464.7 1986 4051.5 1985 1984 1983 1982 1981 1980 Billions ofdollars;quarterlyfiguresareseasonallyadjusted D.3 DebtOutstandingbySector oa oa e.mrggscei oa oprt oenetgvrmnsscosworld sectors governments government Corporate Total credit res.mortgages Total Total Households n-ofu-aiyConsumer One-to-four-family 1 Domestic nonfinancialsectors Business eea oa iaca ofthe financial local Federal tt n oetcRest Domestic Stateand Z.1, March11,2021 7

Summary Summary 6 P12905 ecn hnei oshl e ot .21.41.707 .3-.373 .457 36 5.79 33 3.04 7.14 7.31 4.00 35 7135.6 -5.73 7.68 3640.4 32 8143.5 7629.3 3.13 -9.31 -6774.2 4107.3 3590.9 0.72 3.41 7330.2 34 817.5 -9802.1 130365.0 123229.4 10.27 0.53 119589.1 3470.7 12145.2 111445.5 118219.8 31 12701.7 114628.9 536.7 12.04 130365.0 114501.5 648.9 8.80 118219.8 106872.2 105518.1 102764.9 9264.8 95434.6 0.62 30 105236.7 12.34 11562.8 101766.0 29748.4 114501.5 -1677.7 105236.7 27965.7 93673.9 -1.76 23 27192.6 29 153.8 27 25514.8 10603.6 15726.0 26568.6 9069.6 28 151.1 14429.4 25828.0 40352.0 8188.9 14219.7 29748.4 37035.3 149.6 13393.3 26 26568.6 6723.9 35381.4 14785.0 10513.1 23337.8 32238.7 8199.0 147.1 14295.8 9124.8 36PC152090005Percentchangeinhouseholdnetworth 34767.6 15726.0 7619.8 8552.7 35FC152090005Changeinhouseholdnetworth 33447.9 145.9 14785.0 40352.0 34FL152090005B.Householdnetworth(5) 10603.6 12802.1 7370.8 25 34767.6 19 8199.0 144.9 26239.0 9459.1 29967.3 1184.6 23554.1 33PC892090005PercentchangeinU.S.netwealth 6629.5 153.8 8720.9 22772.4 1168.2 32FC892090005ChangeinU.S.netwealth 20764.2 10513.1 1154.4 31FL892090005A.U.S.netwealth(line1) 145.9 24244.1 9459.1 23016.7 1139.7 7899.6 139.3 26239.0 Memo: 24 1130.1 24244.1 -14113.0 15 -13481.2 20701.6 1124.0 30FL264090035Otherforeignfinancialclaims -12609.1 12436.4 -11474.6 16 1184.6 10 29LM263064105ForeignholdingsofU.S.corporateequities 10574.2 -10523.5 3707.5 289.8 -10431.1 10020.8 28FL264090005Less:ForeignfinancialclaimsonU.S. 1130.1 -14113.0 20 12 14 8654.8 3669.6 -10523.5 12398.4 90.3 -9265.7 1093.8 41553.2 289.9 12323.9 11488.5 3639.5 27FL264190005OtherU.S.financialclaims 36712.0 12153.5 10725.2 33391.3 292.2 26LM263164100U.S.holdingsofforeigncorporateequities 87.1 3624.4 12175.7 12436.4 27003.0 25FL264194005U.S.financialclaimsontherestofworld 12078.0 11488.5 3604.2 33676.5 290.6 12013.6 9272.1 88.5 31324.0 3587.1 6 12398.4 24FL882090265NetU.S.financialclaimsontherestofworld 13 41553.2 289.9 12078.0 6181.2 3707.5 53989.5 33676.5 84.8 11606.1 47286.2 26543.9 286.4 23LM215013765Intellectualpropertyproducts 6064.0 3604.2 43412.1 5 22LM215013265Equipment 5818.2 3522.1 83.5 35657.8 289.8 203.7 21LM215015605Structures 45165.0 5798.2 20LM212010095Stateandlocalgovernmentsnonfinancialassets(4) 42049.2 289.9 80.6 200.5 5750.1 53989.5 45165.0 273.9 19LM315013765Intellectualpropertyproducts 5710.9 198.0 35816.1 90.3 18LM315013265Equipment 6181.2 195.0 17LM315015605Structures 5750.1 83.5 16LM315015005Federalgovernmentnonfinancialassets(4) 192.5 5521.7 7 78.2 15LM793164105Financialcorporateequity 192.0 15774.2 14LM103164103Nonfinancialcorporateequity 15382.3 203.7 13LM883164105Marketvalueofdomesticcorporations(3) 15168.3 14977.6 192.5 14907.4 12LM662090003Fin.noncorporatebusinessesnonfinancialassets(2) 2 14845.9 184.1 15774.2 42654.6 11LM115020005Inventories 14907.4 41604.2 14079.3 10LM115013765Intellectualpropertyproducts 40912.1 9LM115015205Equipment 40388.9 39922.1 8LM115035005Realestate 39620.7 7LM112010005Nonfin.noncorporatebusinessesnonfinancialassets 42654.6 39922.1 6LM155111005Consumerdurablegoods 37837.8 5LM165013765Intellectualpropertyproducts(nonprofits) 4LM165015205Equipment(nonprofits) 3LM155035005Realestate 2LM152010005Households’directholdingsofnonfinancialassets 1FL892090005U.S.netwealth(1) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.1 DerivationofU.S.NetWealth 8 (5) Householdnetworthiscalculatedasthedifferencebetweentotalassetsandliabilitiesofhousehold andnonprofitorganizationssector.SeetableB.101. (4) Excludeslandandnonproducednonfinancialassets. becauseofdifferencesinthevaluationassets. (3) ThismeasuredoesnotequalthenetworthofnonfinancialcorporatebusinessandfinancialsectorsreportedinIntegratedMacroeconomicAccounts(tablesS.2.aS.2.q) (2) Assumedtobeequalproprietors’equityinnoncorporatebrokersanddealers. marketvalueofdomesticnonfinancialandfinancialcorporations,netU.S.obligationstotherestworld(sumlines2+7+12+13+16+20+24). (1) U.S.netwealthmeasuresthevalueoftangibleassetscontrolledbyhouseholdandnonprofitorganizations,noncorporatebusiness,governmentsectorseconomy

Z.1, March11,2021 10. 16. 16. 19. 16. 15. 13. 19. 16. 21 11968.1 11897.0 11730.5 11757.8 11661.5 11598.6 11968.1 11661.5 11201.9 8 14327.7 13951.4 13742.3 13549.5 13474.6 13429.5 3 14327.7 13474.6 35801.9 12679.9 34874.0 34433.0 33934.2 33522.4 33264.9 1 35801.9 33522.4 114501.5 106872.2 31693.5 102764.9 95434.6 105236.7 101766.0 114501.5 105236.7 93673.9 0821 002019 2020 2019 2018 68116. 64116. 62516. 65218. 64117 1694.1 1683.1 1665.2 1669.1 1662.5 1660.8 1694.1 1662.5 1638.1 6. 7. 7. 7. 7. 7. 7. 7. 7. 22 276.5 275.8 273.4 18 270.8 828.8 270.6 818.3 270.1 819.9 276.5 815.6 270.6 811.6 264.9 802.3 11 828.8 246.0 9 811.6 235.7 910.7 790.2 236.9 905.3 244.4 896.8 258.7 4 893.0 467.7 249.2 884.2 465.7 246.0 880.8 462.8 258.7 910.7 461.6 262.0 884.2 457.0 863.5 453.0 467.7 457.0 438.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

8 F25203 tt n oa oenet 621. 301. 721. 422. 4938 24.9 36 -4.6 24.5 5.1 24.2 18.4 -4.5 17.2 -3.1 16.9 -2.4 23.0 -1.4 16.8 -1.8 16.2 -0.4 34 21609.1 31 -2.1 121.2 21381.6 19672.0 211.3 21804.3 22028.5 21820.1 151.9 21116.8 21702.9 243.2 20896.6 281.1 279.8 39FA265420005Restoftheworld 25 181.9 38FA215420003Stateandlocalgovernments 3026.6 37FA315420003Federalgovernment 3022.1 269.6 36FA105420005Nonfinancialcorporatebusiness 3053.1 35FA155420003Householdsector 20 284.7 9.8 3046.0 Acquisitionofnonproducednonfinancialassets(net) 18 19 3032.5 46.1 36.3 34FA086902105GDP+netU.S.incomereceipts 15 1.8 3009.2 13.9 Grossnationalproduct(GNP)= -0.8 -2.6 3036.9 -44.0 2995.1 7.7 33FA266904101-U.S.incomepayments 21 -298.4 -254.4 -804.2 2891.3 32FA266904001U.S.incomereceipts -9.7 -52.1 -42.4 31FA266904005NetU.S.incomereceiptsfromrestofworld -736.1 9.4 3.4 -545.2 -5.7 9.1 Memo: 16 4.5 -494.3 144.0 -2.5 41.3 30FA215019001Stateandlocal 43.9 -549.8 129.0 29FA315019001Federal 2.8 -631.8 -10.5 -76.3 28FA365019005Grossinvestment(5) -65.8 141.5 9 -644.9 2.5 -1.5 49.1 140.9 50.5 27FA216901001Stateandlocal 218.4 11 -610.5 288.3 26FA316901001Federal 131.7 -609.5 57.7 214.4 4.4 25FA366901005Consumptionexpenditures(5) 53.4 8.9 275.1 129.2 201.2 10 24FA366902005grossinvestment 285.4 2085.2 3.3 138.8 Governmentconsumptionexpendituresand 209.0 2018.0 303.7 128.3 209.6 1919.1 6.6 23FA266903001-Imports 305.2 22FA266903011Exports 124.9 2066.9 209.8 305.9 2097.0 6 210.7 21FA266903005NetU.S.exportsofgoodsandservices 2102.5 3917.1 288.1 209.6 2022.3 3688.2 20FA115020005Nonfinancialnoncorporatebusiness 303.1 19FA105020005Nonfinancialcorporatebusiness 2094.2 3128.6 203.3 18FA145020005Changeinprivateinventories 290.5 2010.3 3675.9 3732.6 17FA125012063REITs 3759.8 16FA115012005Nonfinancialnoncorporatebusiness 15FA105012005Nonfinancialcorporatebusiness 3602.4 14FA155012005Householdsector 3751.2 1 13FA835012001Residential 3632.9 21487.9 2 21170.3 12FA795013005Financialinstitutions 14542.4 19520.1 14401.5 11FA115013005Nonfinancialnoncorporatebusiness 21561.1 13097.3 21747.4 10FA105013005Nonfinancialcorporatebusiness 14545.5 21540.3 9FA165013005Nonprofitorganizations(4) 14759.2 20934.9 8FA835013001Nonresidential 14645.3 21433.2 14146.7 20611.9 14544.6 7FA835019005Fixedinvestment(3) 13993.3 6FA835019905Grossprivatedomesticinvestment 5FA156901041Services 4FA156901035Nondurablegoods 3FA155011001Durablegoods 2FA156901001Personalconsumptionexpenditures(2) 1FA086902005Grossdomesticproduct(GDP) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.2 DistributionofGrossDomesticProduct(1) (5) Governmentinventoryinvestmentisincludedinconsumptionexpenditures. (4) Includedinthehouseholdsandnonprofitorganizationssector(tableF.101). (3) Structures,equipment,andintellectualpropertyproducts. (2) Componentofpersonaloutlays,foundontableF.101,line4. (1) ThistableisbasedonNIPA1.1.5intheSurveyofCurrentBusiness,BureauEconomic Analysis(www.bea.gov). 0821 002019 2020 2019 2018 12916. 1. 11216. 04686093076532 776.5 973.0 866.0 1054.6 1165.9 1181.2 917.5 27 1169.8 1883.6 26 1142.9 1143.0 1881.2 1141.0 1885.0 24 1168.1 1928.0 3832.6 1118.0 1918.8 3816.6 1113.7 1904.6 23 3839.3 3012.1 1104.6 22 1894.4 3834.1 2208.0 2807.7 1142.5 1897.8 3805.3 2071.6 2333.3 1097.3 1847.8 3767.1 1788.2 2933.0 1043.5 3830.7 2438.7 3065.4 3747.9 2515.7 3137.1 3595.2 2505.2 2771.5 2126.6 3125.2 2514.8 3138.2 2528.7 8 2881.3 7 2787.4 3871.0 2646.8 3689.0 2859.3 3427.0 2902.3 3728.0 4 5 2908.0 3 3729.2 3108.3 9683.5 2793.7 1750.6 3718.5 3115.4 9533.2 2895.0 1753.0 3678.8 2883.2 8735.8 2776.7 1478.3 3702.1 3056.5 9992.5 1496.4 3575.1 3008.2 10196.8 1554.1 10091.7 3000.8 9486.3 1552.8 3040.8 10032.4 1619.6 2977.9 9621.4 1534.4 2890.3 1481.6 5. 0. 3. 0. 8. 1. 1. 6. 5. 33 655.3 761.7 714.2 811.4 30 455.5 29 884.8 350.5 28 448.4 806.0 901.4 346.1 449.6 794.5 735.6 336.7 453.6 786.2 900.2 334.6 438.5 788.1 858.2 334.3 433.2 772.8 324.7 451.8 757.9 342.0 431.0 793.7 321.9 407.9 752.8 295.9 703.9 14 834.7 13 989.7 762.3 12 901.6 289.5 629.9 780.2 279.9 717.3 868.7 241.2 684.5 827.0 279.8 670.8 810.5 290.4 736.1 885.0 289.8 668.4 807.1 272.6 663.5 798.5 288.0 272.6 1. 1. 1. 1. 1. 1. 1. 1. 2. 35 -20.1 -19.8 -19.6 -14.9 -13.9 -13.7 -18.6 -13.6 -13.2 01-. . 01-. . . . . 39 0.0 1.3 37 -0.2 0.0 -11.1 0.0 -0.1 -0.0 -0.5 -0.1 -0.9 0.3 -1.8 -3.0 -0.1 -2.7 -0.1 -0.8 ...... 0727-. 17 -3.0 2.7 -0.7 5.9 8.0 8.0 1.3 7.1 3.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 9

Summary Summary 2 F06005 rs oetcpout()26192432294925032774251115012103247942 41 21487.9 121.2 21170.3 19520.1 211.3 21561.1 39 21747.4 151.9 617.5 21540.3 20934.9 243.2 610.8 21433.2 38 20611.9 3003.0 281.1 604.2 2961.5 279.8 600.3 2930.2 181.9 595.6 2908.7 2878.9 269.6 591.4 37 2851.9 36 18165.8 284.7 608.2 -19.7 2950.9 17442.1 16151.0 588.3 2832.7 18405.5 -19.5 2699.0 18527.8 566.1 18301.8 -21.4 17541.1 42FA086902005Grossdomesticproduct(2) 18269.1 -12.8 Equals: 17689.6 32 -7.9 171.8 41FA266904005NetU.S.incomereceiptsfromrestofworld Less: 169.3 -8.0 160.4 40FA087005005Statisticaldiscrepancy 30 -18.3 39FA366300005Governmentconsumptionoffixedcapital 156.8 1504.1 29 38FA836300005Privateconsumptionoffixedcapital 648.9 -7.6 1489.2 Plus: 152.0 26 1395.8 617.2 -19.3 25 168.1 -5.8 37FA086010005NationalIncome,fromline1above 1530.0 -142.0 619.3 22 -16.3 164.6 1509.6 -84.1 457.7 fromNationalincome: 588.9 1501.6 -18.1 158.0 Calculationofgrossdomesticproduct 559.0 50.4 1479.8 586.0 -18.5 156.6 42.5 1491.4 Memo: 58.9 571.0 18 1444.8 16.3 284.8 703.9 36FA366402105Currentsurplusofgovernmententerprises 618.6 -18.1 14.7 430.1 724.4 573.4 35FA266403101Torestoftheworld(net) 28.4 34FA366403145Togovernment(net) 353.8 736.1 -18.1 619.1 33FA156403101Topersons(net) -29.2 336.0 14 607.2 32FA146403005Businesscurrenttransferpayments(net) 18.5 176.0 -5.3 412.4 661.8 13 31FA366402005Less:Subsidies 111.0 224.5 270.9 799.7 672.8 -54.7 160.6 30FA366240005Taxesonproductionandimports 307.2 692.9 184.8 236.8 29FA086130003Netinterestandmiscellaneouspayments 636.6 221.7 255.6 28FA796310003Domesticfinancial 259.8 195.6 27FA106310005Domesticnonfinancial 10 312.3 1337.6 26FA096310003Capitalconsumptionadjustment(CCAdj) 186.5 283.0 1507.9 25FA105020601Inventoryvaluationadjustment(IVA) 212.4 939.2 267.6 8 196.4 24FA266006403Restoftheworld 2220.3 1076.8 298.7 23FA796006403Domesticfinancial 2342.0 1313.5 282.9 22FA106006405Domesticnonfinancial 1844.3 1222.2 21FA096006401Undistributedprofits 6 2053.5 1215.4 804.9 2294.9 1261.3 20FA266121073Restoftheworld 7 804.4 19FA796121073Domesticfinancial 2231.7 1255.9 2201.0 18FA106121075Domesticnonfinancial 2115.0 796.1 2325.7 17FA096121073Netdividends 4 2232.0 16FA096060015Profitsaftertax 1826.1 802.3 5 2158.4 2132.0 Equals: 2035.0 1757.4 2122.9 795.5 2311.3 1803.0 2040.7 2 15FA796231003Domesticfinancial 789.7 2246.5 1511.9 14FA106231005Domesticnonfinancial 11707.8 2148.3 11466.2 13FA096231001Taxesoncorporateincome 2097.0 801.9 1706.0 2142.4 10949.5 Less: 2250.5 1697.7 11674.4 2126.6 787.1 11564.8 2243.0 1677.0 2117.6 12FA266060005Restoftheworld 11438.0 759.3 1694.6 11449.5 11FA796060005Domesticfinancial 2123.1 11432.4 10FA106060005Domesticnonfinancial 1657.7 2055.9 10950.1 9FA096060005Profitsbeforetax 1585.9 8FA096060025CorporateprofitswithIVA 7FA096060035CorporateprofitswithIVAandCCAdj 6FA116112101RentalincomeofpersonswithCCAdj 5FA146111105Proprietors’incomewithIVAandCCAdj 4FA156401101Supplementstowagesandsalaries 3FA156020101Wagesandsalaries 2FA156025105Compensationofemployees 1FA086010005Nationalincome Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.3 DistributionofNationalIncome(1) 10 (2) TherelationshipofNationalincome(line37) toGrossdomesticproduct(line42)isshownonNIPAtable1.7.5intheSurveyofCurrentBusiness, BureauofEconomicAnalysis. (1) ThistablecorrespondstoNIPA1.12in the SurveyofCurrentBusiness,BureauEconomicAnalysis(www.bea.gov).

Z.1, March11,2021 78. 86. 74. 80. 82. 80. 65. 74. 86. 1 18165.8 17442.1 16151.0 18405.5 18527.8 18301.8 17541.1 18269.1 17689.6 0821 002019 2020 2019 2018 30116. 36014. 36317. 34514. 35117 1375.1 16 2091.4 1345.0 2118.9 1364.5 1557.1 1379.5 1739.1 1356.3 2000.7 1348.5 1920.3 1366.0 1876.6 1360.8 1938.6 1390.1 1903.8 9 2362.3 2426.1 1793.8 1994.7 2313.1 2203.4 2144.2 2237.3 3 2186.7 9549.4 9343.3 8908.8 9526.1 9422.5 9311.3 9331.9 9309.3 8894.2 4354. 346. 2. 9. 519. 2524 92.5 99.3 35.1 -93.4 129.1 61.8 33.4 40.4 -403.5 0. 919. 0. 358. 669. 7534 97.5 91.4 86.6 85.4 83.5 27 -4.6 102.1 90.2 -2.7 89.1 -4.8 101.0 -5.0 25.8 23 166.1 24.7 21 115.5 716.3 114.9 -4.3 20 773.8 437.5 19 168.2 233.8 27.0 192.6 335.6 85.3 285.1 359.6 105.1 348.5 156.4 280.0 644.5 566.5 141.2 205.8 571.9 387.5 124.9 307.0 510.6 452.8 117.5 222.9 577.7 422.0 251.2 513.7 12 465.1 530.0 11 259.2 494.8 916.0 434.9 214.2 483.4 383.6 471.1 473.1 444.7 516.6 482.9 514.5 466.7 455.4 473.5 505.4 470.5 512.5 418.2 5. 281. 502. 102-34372-7. 40 -177.2 367.2 -13.4 -110.2 26.2 75.0 16.6 12.8 -58.0 744. 724. 654. 064. 6233 46.2 45.9 50.6 31 610.4 45.9 1213.5 46.5 1086.5 75.1 47.1 81.1 47.2 82.0 47.2 746.4 47.4 73.9 63.3 15 94.9 82.7 76.2 70.7 90.7 87.4 81.1 86.3 86.4 . 172. 892. 562. 202. 35 28.0 32.0 23.2 25.6 22.1 18.9 28 -14.8 27.2 -13.5 21.7 -13.4 8.2 -13.5 -9.5 -9.9 -13.8 -8.5 5.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F15003 oshlsadisiuin 97000000000000000056 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52 -177.2 0.0 367.2 -13.4 48 29.7 1848.9 -110.2 46 2437.0 -85.7 45 26.2 4616.5 38 -105.7 -62.0 -3.5 1282.2 591.0 75.0 918.3 -13.4 -5.2 333.7 36 16.6 901.7 0.0 -72.6 -36.0 35 -57.5 2546.1 12.8 -5.3 -76.7 0.0 59FA215404003Stateandlocal 950.5 60.7 0.9 32 58FA315404003Federal -58.0 -80.5 4.3 5.8 948.2 57FA365404005Government 46.4 0.0 42 0.3 56FA155404003Householdsandinstitutions -58.5 -858.1 55FA825404003Domesticbusiness 52.5 3.2 195.8 0.0 -80.2 -703.5 54FA835404005Private 1.2 -33.5 53FA895404005Disasterlosses -4.0 -570.9 4.7 -80.4 Addenda: 0.0 -59.8 -435.7 -16.3 -3.3 -444.2 29 12.3 52FA087005005Statisticaldiscrepancy(line21lessline1) 1.8 806.0 0.0 28 -511.5 -2.7 1053.1 8.5 51FA215000905Stateandlocal 794.5 -642.1 976.7 -3.7 50FA315000905Federal 0.0 11.9 786.2 -509.5 49FA365000905Government 3.8 831.1 48FA155000905Householdsandinstitutions -472.4 788.1 0.0 -1.5 26 47FA795000905Financialbusiness 926.3 454.8 6.5 46FA115000905Nonfinancialnoncorporatebusiness 772.8 -8.3 894.1 45FA105000995Nonfinancialcorporatebusiness(3) 425.9 -3.0 757.9 44FA825000905Domesticbusiness 25 6.7 880.6 372.9 22 2119.7 43FA835000905Private 4723.1 793.7 42FA885000905Netlending(+)ornetborrowing(-),NIPAs(3) 23 2005.6 946.8 429.7 4482.7 4.6 3917.1 752.8 1683.4 878.0 41FA215430005Stateandlocal 3914.9 430.5 3688.2 2040.1 703.9 40FA315430005Federal 4464.0 3128.6 866.8 432.1 17 2117.6 39FA365430005Government 648.3 4505.4 3675.9 21 38FA155430005Householdsandinstitutions 2157.3 420.8 3870.8 4517.7 3732.6 37FA795440005Financialbusiness 633.8 1962.2 3782.4 4396.2 430.0 36FA115440005Nonfinancialnoncorporatebusiness 3759.8 2155.2 619.2 3348.7 35FA105430005Nonfinancialcorporatebusiness 4504.0 3602.4 419.7 2073.8 15 34FA825430005Domesticbusiness 4040.6 4336.8 614.1 3751.2 369.1 33FA835430005Private 4069.8 3632.9 32FA265430003Capitalaccounttransactions(net)(2) 608.9 363.9 4009.9 14 603.0 3760.6 359.5 31FA215019001Stateandlocal 1724.1 11 30FA315019001Federal 4001.2 1706.5 628.8 3620.5 357.1 29FA365019005Grossgovernmentinvestment 3869.0 1696.6 3572.3 28FA155019005Householdsandinstitutions 599.0 353.8 1684.8 3534.4 27FA795013005Financialbusiness 574.0 351.5 26FA115050085Nonfinancialnoncorporatebusiness 7 1666.6 5 3509.0 25FA105019985Nonfinancialcorporatebusiness 2250.2 1650.4 461.8 3474.4 362.4 24FA825019905Domesticbusiness 2774.8 1703.0 3443.3 527.3 23FA835019905Grossprivatedomesticinvestment 349.8 4770.8 1639.2 3559.0 22FA885019905Grossdomesticinvestment 386.5 336.3 1595.3 1557.1 3420.9 21FA885090015transactions,andnetlending,NIPAs 1203.8 425.5 3265.0 Grossdomesticinvestment,capitalaccount 1180.6 482.1 2847.8 20FA216300001Stateandlocal 475.6 1231.2 19FA316300001Federal 1237.3 18FA366300005Government 450.3 17FA156300003Householdsandinstitutions 468.0 16FA796300081Financialbusiness 15FA116300001Nonfinancialnoncorporatebusiness 506.5 14FA106300003Nonfinancialcorporatebusiness 13FA826300003Domesticbusiness 12FA836300005Private 11FA886300095Consumptionoffixedcapital 10FA216006005Stateandlocal 9FA316006005Federal 8FA366006005Netgovernmentsaving 7FA156006005Householdsandinstitutions 6FA796012005Financialbusiness 5FA106012005Nonfinancialcorporatebusiness 4FA826006005Domesticbusiness 3FA836006005Netprivatesaving 2FA896006005Netsaving 1FA886000115Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.4 SavingandInvestmentbySector(1) (3) Differsfromnetlendingorborrowing(capital account)intheIntegratedMacroeconomicAccountsofUnitedStatesbystatisticaldiscrepancy (line52). (2) Consistsofnetcapitaltransfersshownontable F.5andtheacquisitionofnonproducednonfinancialassets(net)shownontableF.2. UnitedStatesjointlycompiledbytheFederal ReserveBoardandtheBureauofEconomicAnalysis. (1) ThistableisbasedonNIPA5.1intheSurveyofCurrentBusiness,BureauEconomic Analysis(www.bea.gov).ItisconsistentwiththeIntegratedMacroeconomicAccountsof 10. 13. 36. 17. 16. 16. 53. 32. 23. 50 -2431.2 49 -3627.8 -2580.8 -5739.1 -3793.1 -1260.0 -5359.8 -1160.5 -1556.8 -1175.8 -1466.1 -3264.5 -1475.6 -1137.4 -3322.6 -1000.6 -1425.7 -1285.9 8 -2377.6 -3605.3 -5168.0 -1353.5 -1277.3 -1303.9 -3126.1 -1254.7 -1145.4 0821 002019 2020 2019 2018 76127. 65627. 88524. 27521. 84024 2864.0 2711.5 2297.5 2749.5 2838.5 2879.2 2655.6 2873.2 2766.1 13 2354.7 12 3003.0 2327.7 2961.5 2311.0 2930.2 2294.7 2908.7 2269.9 2878.9 2248.9 2851.9 2322.0 2950.9 2233.6 2832.7 3 2125.0 2699.0 2805.2 3448.2 1 4995.7 4048.0 1995.3 3415.3 1846.4 3362.1 1795.5 4150.8 3311.1 4043.6 1822.2 3934.9 1807.3 3744.0 3988.4 3927.0 253-8. 5. 299-0. 269393-6. 19651 -149.6 -165.2 379.3 -296.9 44 -126.2 -305.6 652.6 -299.9 172.4 -58.1 -161.1 -288.3 103.6 -285.3 62.4 134.4 -34.2 -134.7 10 -55.9 -76.7 470.3 9 -202.7 -2321.7 -222.4 -3528.6 -219.8 -5638.3 -1150.8 33.7 -1054.9 -1084.1 -207.7 -3159.8 -213.7 -1047.0 -931.7 1. 1. 60694112. 11148. 09612. 43 1722.7 3089.6 4788.9 1121.1 1021.9 964.1 2680.6 916.2 813.5 31 455.5 30 350.5 448.4 346.1 27 449.6 289.5 336.7 453.6 279.9 334.6 438.5 241.2 334.3 433.2 279.8 324.7 451.8 290.4 342.0 431.0 289.8 321.9 407.9 20 272.6 307.4 295.9 19 310.1 18 288.0 304.9 617.5 305.9 272.6 16 300.6 610.8 261.5 303.6 299.7 604.2 257.3 300.5 297.3 600.3 254.9 298.3 295.6 595.6 252.8 295.8 303.1 591.4 249.5 305.0 293.5 608.2 247.0 294.8 280.3 588.3 256.7 285.8 566.1 244.6 4 555.0 231.5 2 673.4 427.6 224.9 -157.1 400.0 -172.3 642.7 641.8 615.0 569.1 463.3 491.6 591.0 185.0 570.0 567.5 661.9 5. 5. 5. 5. 5. 5. 5. 5. 5. 41 -54.4 -55.0 -58.0 -59.7 -58.1 -57.5 -56.8 -56.9 -56.0 13000000000000000055 0.0 54 0.0 53 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21.3 51.0 37 40 51.2 0.0 69.1 59.2 0.0 67.7 0.0 75.1 0.0 69.6 0.0 62.8 0.0 67.8 63.4 0.0 58.7 0.0 16.9 6 93.2 146.2 -161.6 -25.5 160.6 139.4 13.1 122.9 63.4 ...... 59 0.0 58 0.0 57 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47 0.2 65.2 0.0 0.2 123.6 -147.9 39 -52.5 14.7 119.6 4.1 96.6 9.7 34 -2.9 33 -5.3 -8.9 15.5 79.5 4.3 -0.9 11.5 5.5 52.5 -5.0 5.3 -4.0 -3.1 11.0 -3.3 -3.0 6.4 -2.7 -1.5 2.7 11.9 -4.5 -1.5 0.3 5.5 1.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 11

Summary Summary 7 F25405 yters ftewrd(ie 14)-. 66-. 37-. 1. 47-. 5867 -5.8 63 62 65 -10.0 0.0 60 59 -4.6 -79.3 0.0 0.0 -9.2 0.0 -79.6 -4.7 0.0 61 0.0 -14.4 -82.2 54 -0.7 0.0 -12.3 0.0 56 -2.5 0.0 -78.1 0.0 0.0 -0.8 -8.5 55 0.0 0.0 -75.3 -4.7 0.0 0.0 0.0 0.0 57.0 -3.7 52 -74.4 0.0 0.0 -9.8 0.0 53 0.0 0.0 -0.9 0.0 0.0 -6.9 0.0 51 -79.8 -0.7 -9.0 0.0 0.0 0.0 0.0 -73.8 -0.9 0.0 -6.6 0.0 0.0 0.0 -0.8 -7.7 49 0.0 0.0 -72.2 0.0 -1.3 0.0 0.0 -4.5 0.0 0.0 0.0 0.0 57.0 -12.7 0.0 0.0 0.0 13.6 0.0 0.0 0.0 0.0 -0.9 0.0 48 0.0 5.8 -1.1 -3.0 0.0 0.0 45 0.0 0.0 0.0 -0.9 0.0 0.0 0.0 0.0 -6.2 4.6 0.0 0.0 -1.3 0.0 0.0 0.0 0.0 0.0 4.7 0.0 0.0 13.6 67FA265440005Bytherestof world (lines21-47) 0.0 0.0 41 0.0 0.0 0.0 40 66FA155440005Bypersons(lines18-44) 5.7 12.3 0.0 -1.1 0.0 65FA215440005Stateandlocal(lines 16-39) 0.0 0.0 64FA315440005Federal(lines9-36) 0.0 0.0 8.5 5.7 63FA365440005Bygovernment(lines 8-35) 0.0 7.7 16.9 62FA115440005Noncorporatebusiness (lines7-32) 0.0 0.0 16.9 61FA105440005Nonfinancialcorporations (lines6-29) 3.7 5.7 42 0.0 60FA505400033Otherfinancialbusiness (AIG) 73.6 0.0 0.0 59FA735400033Holdingcompanies(GMAC) 37 6.9 5.8 33 17.7 58FA665410003Brokersanddealers 0.0 73.8 0.0 57FA615410003Financecompanies 0.0 0.0 56FA405400033Government-sponsoredenterprises 17.6 6.6 5.5 72.5 0.0 30 55FA765440005U.S.-chartereddepositoryinstitutions 0.0 0.0 0.0 54FA545410003Lifeinsurancecompanies 17.3 72.2 7.8 5.5 0.0 53FA515440005Property-casualtyinsurancecompanies 0.0 27 52FA795440005Financialcorporations(lines3-26) 0.0 16.8 69.8 12.0 0.0 51FA825440005Byprivatebusiness(lines2-25) 5.7 0.0 0.0 15.6 68.9 0.0 Addenda:Netcapitaltransferspaidbysector 0.0 5.5 0.0 15.4 0.0 73.0 0.0 50FA265400003Other 0.0 49FA265400073Disaster-relatedinsurancebenefits 5.6 17.4 0.8 22 68.2 0.0 48FA265400033CapitaltransferspaidbyU.S.government 0.0 0.0 0.0 47FA265400005Bytherestofworld 16.2 65.8 0.0 0.0 0.0 20 46FA155400003Other 0.0 22.7 5.7 45FA155400073Disaster-relatedinsurancebenefits 24 0.0 44FA155400005Bypersons 110.5 19 0.0 0.0 0.0 17.7 5.7 17 111.3 43FA215400003Other 3.0 0.0 0.0 0.0 42FA215400033Investmentgrantspaidbyfederalgovernment 17.6 0.0 166.0 5.7 41FA215400053Estateandgifttaxespaidbypersons 0.0 40FA215400073Disaster-relatedinsurancebenefits 115.0 17.3 0.0 5.0 14 0.0 39FA215400005Stateandlocal 5.8 6.9 107.2 15 38FA315400003Other 13 16.8 12 0.0 5.8 0.0 11 0.7 0.0 37FA315400053Estateandgifttaxespaidbypersons 0.6 101.0 0.0 5.5 36FA315400005Federal 8.7 15.6 0.0 35FA365400005Bygovernment 125.7 4.6 0.0 0.8 0.0 0.0 5.5 15.4 6.9 104.0 34FA115400003Other 0.0 4.7 0.0 1.0 0.0 33FA115400075Disaster-relatedinsurancebenefits 131.1 17.4 0.0 5.7 32FA115400005Noncorporatebusiness 6.9 0.0 10 31FA105400003Other 12.3 3.2 0.9 0.0 16.2 73.6 4 0.0 30FA105400073Disaster-relatedinsurancebenefits 5.5 6.9 0.0 29FA105400005Nonfinancialcorporations 8.5 0.0 22.7 73.8 0.9 0.0 28FA795400003Other 0.0 5.6 27FA515400073Disaster-relatedinsurancebenefits 6.1 0.0 3.7 72.5 0.0 26FA795400005Financialcorporations 1.3 0.0 0.0 25FA825400005Byprivatebusiness 7.3 0.0 72.2 6.9 0.0 0.9 0.0 24FA895400005Capitaltransfersreceived,bysector 0.0 69.8 6.3 0.0 6.6 23FA265410003Other 1.1 0.0 1 0.0 22FA265410073Disaster-relatedinsurancebenefits 68.9 6.8 110.5 0.0 21FA265410005Bytherestofworld 7.8 1.2 0.0 73.0 111.3 0.7 20FA215400053Estateandgifttaxes,statelocal 0.0 19FA315400053Estateandgifttaxes,federal 166.0 68.2 18FA155410035Bypersons 115.0 0.0 65.8 17FA215410073Disaster-relatedinsurancebenefits 107.2 16FA215410073Stateandlocal 0.0 101.0 15FA315410063Capitaltransferspaidtorestofworld(net) 14FA315410053Othercapitaltransferspaidtopersons 125.7 17.5 13FA315410043Othercapitaltransferspaidtobusiness 12FA315410093Financialstabilizationpayments(2) 104.0 11FA315410073Disaster-relatedinsurancebenefits 131.1 10FA215400033Investmentgrantstostateandlocalgovts. 9FA315410005Federal 8FA365410005Bygovernment 7FA115410003Noncorporatebusiness 6FA105410003Nonfinancialcorporations 5FA795410003Other 4FA515410073Disaster-relatedinsurancebenefits 3FA795410005Financialcorporations 2FA825410005Byprivatebusiness 1FA895410005Capitaltransferspaid,bysector Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.5 NetCapitalTransfers(1) 12 (2) Seriestreatedascapital lossesinthefinancialcorporationssectorsrather thanascapitaltransfersintheFinancialAccounts oftheUnitedStates. (1) Thistableisbasedon NIPAtable5.11intheSurveyofCurrentBusiness, BureauofEconomicAnalysis(www.bea.gov).

Z.1, March11,2021 0821 002019 2020 2019 2018 956. 086. 067. 787. 9364 69.3 70.3 67.8 75.6 70.6 64.6 70.8 66.1 59.5 44 6.9 8.7 60.9 6.9 39 79.3 6.9 79.6 36 17.7 35 6.1 97.0 82.2 17.6 20.8 97.2 78.1 17.3 6.3 99.5 75.3 16.8 94.9 74.4 18.7 15.6 90.9 79.8 15.4 89.9 73.8 17.4 97.1 72.2 16.2 89.9 22.7 94.9 18 23.5 23.3 22.9 22.6 21.1 9 8 87.0 21.0 87.0 87.9 23.1 3 87.9 0.0 85.1 2 21.7 85.1 0.0 0.0 92.4 28.3 92.4 0.0 86.1 0.0 86.1 80.0 58.0 0.0 80.0 88.1 0.0 88.1 0.0 82.3 0.0 82.3 0.0 82.2 0.0 82.2 0.0 14.5 0.0 0.0 17.5 17.5 . 54231. 421. 3. 471. 66 16.6 14.7 58 -37.9 0.0 57 0.0 15.7 0.0 14.2 0.0 0.0 14.9 0.0 2.3 0.0 0.0 15.4 0.0 50 0.0 0.0 9.5 0.0 0.0 0.0 47 5.8 0.0 0.0 0.0 46 6.9 4.6 0.0 0.0 0.0 43 8.7 4.7 0.0 0.0 0.0 0.0 60.9 12.3 0.0 0.0 6.9 8.5 38 4.0 0.0 0.0 6.9 3.7 0.0 0.0 0.0 6.1 6.9 34 0.0 0.0 0.0 0.0 32 20.8 6.6 0.0 31 0.0 0.0 0.0 0.7 6.3 7.8 29 0.0 1.0 0.0 0.0 0.7 28 0.8 6.8 0.0 0.0 26 0.0 0.0 0.0 0.8 1.0 0.0 25 0.0 0.7 0.0 0.0 0.0 0.0 1.0 0.9 0.0 0.0 0.8 0.0 23 0.0 0.0 0.9 0.9 0.0 0.0 0.0 1.0 21 0.0 0.0 0.0 0.9 0.0 1.3 0.0 0.0 0.0 0.9 0.0 0.0 1.3 0.0 0.9 0.0 0.0 0.0 0.9 0.0 0.0 0.9 0.0 1.1 0.0 0.0 0.0 16 1.3 3.0 0.0 1.1 0.0 1.2 0.0 0.0 0.0 0.9 0.0 6.2 0.0 0.0 0.0 0.0 1.1 0.0 0.0 0.6 0.0 9.8 0.0 0.0 0.0 7 0.0 0.0 0.0 6 5 0.0 0.0 0.0 0.0 0.0 3.2 0.0 0.0 0.0 0.0 58.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 F16006 IAcnet(IAdt)(ie4)78 .31.872 .895 59 57 30 51 13.03 50 10.05 15.71 49 12.41 8.93 25.98 11.53 9.55 32.00 33.12 15.62 7.28 17.01 11.99 7.20 13.57 6.30 7.97 16.28 48 17268.3 16.85 44 17661.9 7.53 18.72 5.3 18360.8 11.53 16698.6 13.14 7.85 16539.6 40 8.87 5.2 16400.5 16.6 10.53 17497.4 46 43 16348.6 2250.2 14.7 5.0 -2.5 42 15766.5 2774.8 415.6 4770.8 -37.9 45 -2.9 5.3 467.0 1735.6 1595.3 15.7 215.4 1576.9 1203.8 -4.4 5.2 5875.6 1180.6 241.9 14.2 41 52FA176007086Difference(line47) -3.6 2607.9 2143.5 2847.8 5.1 268.1 51FA156007016NIPAconcept(NIPAdata)(line46) 1983.8 14.9 2035.8 1231.2 50FA176007006NIPAconcept(FOFdata)(line45) -2.1 279.7 1034.0 6081.7 1237.3 49FA176007026FOFconcept(FOFdata)(line41) 5.2 2.3 2949.0 2841.0 Personalsavingasapercentageofdisposablepersonalincome: 335.0 -2.1 35 1884.9 2244.5 584.8 270.6 5.2 32 15.4 48FA156012005Disposablepersonalincome 1397.8 1306.5 -20.1 30 -3.3 Memo: 629.5 61.9 269.2 3275.5 6.5 5.2 -19.8 29 2148.2 339.6 -2.1 47FA176007085Difference 406.2 56.5 1659.8 -19.6 392.0 326.6 -2.0 46FA156007015Personalsaving,NIPAconcept(NIPA) 66.5 -14.9 267.0 212.7 45FA176007005=Personalsaving,NIPAconcept(FOF)(6) 96.1 -13.9 359.8 303.6 25 26 28 44FA156600075+Contr.forgovt.soc.insur.,U.S.-affiliatedareas 572.6 444.8 486.5 -13.7 101.0 873.4 267.2 43FA313154015-Governmentinsuranceandpensionfundreserves(5) 564.7 433.0 307.7 42FA155111005-Netinvestmentinconsumerdurables 105.0 -18.6 832.1 256.3 558.7 420.0 320.6 22 70.3 431.0 24 -13.6 41FA176007025Personalsaving,FOFconcept(FOF) 312.3 -20.1 2230.7 554.6 416.5 617.1 256.6 -13.2 104.0 2161.8 40FA175440005Netcapitaltransferspaid(4) -19.8 19 20 548.9 413.9 978.8 2138.9 616.7 506.7 268.5 103.3 -19.6 39FA173199005Otherliabilities 543.8 2121.7 410.7 891.3 624.8 489.5 38FA173169005Otherloansandadvances 2140.9 -14.9 37FA153166000Consumercredit 562.6 428.6 17 771.4 688.4 486.5 2119.7 36FA173165205Othermortgages -126.7 -13.9 540.1 408.7 35FA173165105One-to-four-familyresidentialmortgages 2163.3 858.2 616.2 512.7 625.5 2106.0 519.9 -13.7 390.4 816.1 632.2 514.8 34FA174190005Netincreaseinliabilities 574.1 18 2018.1 3104.1 -18.6 800.1 515.7 237.0 33FA115020005Inventories 2993.9 -13.6 32FA155420003Nonproducednonfinancialassets 874.9 10 498.8 349.3 2569.9 -262.7 31FA155111005Consumerdurables 796.7 -13.2 2738.8 512.7 30FA175013865Nonresidentialfixedinvestment 313.0 -888.0 29FA175012865Residentialfixedinvestment 2757.6 788.4 493.8 427.1 327.5 2744.5 28FA172010005Netinvestmentinnonfinancialassets(3) 497.2 298.6 2851.7 2722.1 71.8 27FA156300103Consumerdurables 8 303.7 5 26FA176330005Nonresidentialfixedinvestment 2650.3 -328.3 -327.3 4 25FA176320005Residentialfixedinvestment 5.0 -275.9 -695.0 24FA176300005Consumptionoffixedcapital 1279.1 3 -1313.5 845.0 600.2 -56.6 644.2 144.8 23FA115020005Inventories 1058.0 22FA155420003Nonproducednonfinancialassets 4981.7 55.9 1415.9 240.6 21FA155111003Consumerdurables 384.7 1574.2 265.4 20FA175013005Nonresidentialfixedinvestment 63.6 75.7 532.1 562.3 19FA175012005Residentialfixedinvestment 636.4 18FA175050005Grossinvestmentinnonfinancialassets 654.0 -443.2 220.2 1 547.4 111.5 2108.8 2312.2 17FA173099005Miscellaneousandotherassets 415.0 -197.7 597.3 2566.5 170.9 185.9 740.5 16FA153050005Pensionentitlements 6628.4 475.9 15FA153040005Lifeinsurancereserves 3585.9 44.3 14FA163070005Tradereceivables 2599.7 -74.8 1664.9 13FA153064205Mutualfundshares 12FA153064105Corporateequities(2) 3773.2 11FA174023005Loans 2459.9 10FA153063005Corporateandforeignbonds 1961.5 9FA173062005Municipalsecurities 8FA153061705Agency-andGSE-backedsecurities 7FA173061105Treasurysecurities 6FA174022005Debtsecurities 5FA173034005Moneymarketfundshares 4FA173030005Timeandsavingsdeposits 3FA173020005Checkabledepositsandcurrency 2FA153091003Foreigndeposits 1FA174090005Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.6 DerivationofMeasuresPersonalSaving(1) plusnetcapitaltransfers paid(line40).Personalsavings,NIPAconcept (NIPA)(line46)isdisposablepersonalincome (line48)lesspersonaloutlays(tableF.101,line 4). includingcontributionsforgovernmentsocial insurancetoU.S.-affiliatedareas,plusnetinvestmentinnonfinancialassetsofconsumerdurables (line28lessline42)netincreaseinliabilities34) (6) Lines45and46areconceptuallyequivalentbut measuresavingusingdifferentdata.Line45isnetacquisitionoffinancialassetsgovernment insuranceandpensionfundreserves(line1lessline43) (5) RailroadRetirementBoard,theNational RetirementInvestmentTrust,andfederalgovernmentlifeinsurancereserves. (4) TableF.5,line62plus66. (3) Line18lessline24. (2) Directlyheld,andthoseinclosed-endexchange-traded funds.Otherequitiesareincludedinmutualfundshares(line13),lifeinsurancereserves (line15),andpensionentitlements16). (1) Consolidatedstatementforhouseholdsandnonprofit organizationsandnonfinancialnoncorporatebusiness. 0821 002019 2020 2019 2018 17815. 12116. 18115. 10216. 23327 1213.3 1164.2 1160.2 1150.5 1178.1 1165.2 21 1629.0 1172.1 1631.2 1157.1 1375.6 1107.8 1392.5 1446.1 1444.9 1507.1 1427.7 1377.0 156-09209-0. 30-75323664-5. 12 -157.5 686.4 382.3 -67.5 83.0 -205.6 210.9 -90.9 -115.6 6. 5. 0. 16570011. 148-178-1. 47 -514.6 -1197.8 1104.8 1012.6 780.0 -146.5 101.2 653.6 39 160.5 37 -275.2 95.0 76.8 36 83.7 191.0 522.5 -234.1 191.1 637.7 41.2 209.4 211.7 34 1058.7 236.0 169.4 122.3 1377.4 31 253.9 198.4 240.4 415.6 939.8 317.5 -3.5 177.2 467.0 1377.7 206.9 986.1 264.8 215.4 181.9 243.7 998.0 241.9 181.6 189.9 1188.4 268.1 943.3 279.7 940.4 335.0 270.6 269.2 16 376.6 393.1 258.4 544.2 339.5 470.5 7 393.1 6 738.4 419.4 35.0 341.2 286.0 -835.7 162.7 -773.6 -678.7 -48.7 -678.7 -346.6 -136.1 -140.3 140.9 -405.7 232.5 348.4 596.3 832.5 1. 28281018. 0812436343038 463.0 396.3 102.4 70.8 84.1 0.1 258.1 32.8 -16.5 11 103.7 9 -112.3 -135.1 -12.9 -96.7 -49.9 577.7 -12.1 -34.8 19.7 130.6 112.4 -72.8 20.0 -46.8 -13.0 -51.4 -10.4 .240 .8-.947 .660 67 29 52 -2.98 -6.78 6.02 6.06 4.72 -0.89 0.58 4.00 1.02 15 47.5 47.0 -49.2 13 433.5 99.2 457.8 -13.4 258.9 57.2 -1070.3 745.8 36.1 13.8 16.7 20.0 49.4 384.4 21.9 . 15-05-. 57-. 4. . . 33 9.8 1.8 -44.0 -9.7 -5.7 -2.5 23 9.8 -10.5 -1.5 1.8 4.4 -44.0 -9.7 14 7.9 -5.7 7.9 -2.5 -10.5 7.9 -1.5 7.9 4.4 7.6 7.6 7.9 2 -4.0 7.6 -1.6 6.7 -25.7 37.8 5.1 -0.5 1.6 -1.0 2.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 13

Summary Summary 3 F13905 iclaeu n te ses57. 82860. 75157. 97266. 21160. 23 6200.2 6221.1 20 6068.4 25 3799.0 11649.2 5927.2 3565.3 11492.4 11324.0 5872.8 3467.6 11237.6 5775.1 3279.6 11171.4 11100.0 6200.2 3486.2 11649.2 5872.8 3411.1 11171.4 12 10880.6 5574.1 922.0 3799.0 3486.2 894.7 29FL173199005Otherliabilities 3174.2 928.2 28FL173169005Otherloansandadvances 950.8 27FL153166000Consumercredit 26FL173165205Othermortgages 805.1 10 25FL173165105One-to-four-familyresidentialmortgages 1187.3 813.3 8 1230.2 24FL174190005Totalliabilities 213.2 922.0 1444.5 305.2 23FL173099005Miscellaneousandotherassets 1294.7 805.1 1186.2 394.4 781.8 5 22FL363150005Governments 1115.9 21FL574190005Privatepensionfunds 724.9 2538.7 1187.3 20FL543150005Lifeinsurancecompanies 2587.7 700.8 1186.2 19FL583150005Pensionentitlements 2740.4 3 1046.1 649.6 4 2540.0 18FL153040005Lifeinsurancereserves 3685.4 12053.4 213.2 17FL163070005Tradereceivables 2318.5 2543.5 12551.7 2185.3 12415.4 700.8 2235.7 16LM153064205Mutualfundshares 11730.3 2538.7 1800.2 15LM153064105Corporateequities(2) 11308.8 593.1 2318.5 11132.0 1581.0 12053.4 14FL173066005Consumercredit 1903.5 1338.8 11308.8 13FL173065005Mortgages 10709.3 3685.4 12FL153069005Otherloansandadvances 1581.0 11FL174023005Loans 1526.2 10LM153063005Corporateandforeignbonds 9FL173062005Municipalsecurities 8LM153061705Agency-andGSE-backedsecurities 7FL173061105Treasurysecurities 6FL174022005Debtsecurities 5FL173034005Moneymarketfundshares 4FL173030005Timeandsavingsdeposits 3FL173020005Checkabledepositsandcurrency 2LM153091003Foreigndeposits 1FL174090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.6 AssetsandLiabilitiesofthePersonalSector(1) 14 (2) Directlyheldandthoseinclosed-endexchange-tradedfunds.Otherequitiesareincludedmutualfundshares(line16),lifeinsurancereserves18),pensionentitlements19) . (1) Combinedstatementforhouseholdsandnonprofitorganizationsnonfinancialnoncorporatebusiness.

Z.1, March11,2021 40. 50. 68. 45. 50. 55. 50. 69. 68. 24 26388.8 26092.0 25704.9 25455.3 22 25200.6 13951.1 24953.9 13767.0 26388.8 13626.6 25200.6 19 13438.1 24300.3 29615.3 13476.1 28495.2 13339.2 27869.1 13951.1 26638.6 13476.1 27879.1 12977.4 27299.7 29615.3 15 27879.1 24719.1 25872.3 21668.9 19953.3 16169.8 20868.3 19433.4 24719.1 20868.3 16300.0 1 98325.1 92334.9 89213.6 81534.3 88590.9 85116.2 98325.1 88590.9 77901.2 0821 002019 2020 2019 2018 91754. 37051. 12859. 41155. 37029 5387.0 5457.8 27 5431.1 4178.1 26 5293.2 4194.2 4133.6 5142.8 4146.4 4085.9 5117.8 4098.6 4136.3 5387.0 4046.3 4176.9 5142.8 3987.3 4113.8 4991.7 3923.8 4178.1 4194.2 4176.9 3987.3 3995.1 3743.5 21 11865.2 18 11162.9 1817.5 10774.9 1764.1 9920.9 1736.1 10916.8 10549.5 1709.2 11865.2 16 1731.3 10916.8 11274.9 9720.7 10160.3 1718.8 9520.2 1817.5 8199.8 1731.3 10041.7 1659.1 9376.9 9 11274.9 1915.7 10041.7 8006.0 1911.8 7 1907.3 1847.5 1886.5 6 1663.7 1910.3 5163.7 1664.0 1907.6 5110.9 1620.5 1915.7 5410.1 2049.6 1910.3 5526.5 2034.1 1871.8 5846.9 1847.5 5707.2 2049.6 5163.7 1718.1 5846.9 5229.1 8. 2. 8. 9. 2. 4. 6. 6. 8. 28 980.3 861.8 765.3 741.9 722.2 698.5 980.3 722.2 689.4 17 277.6 275.6 273.6 271.7 13 131.8 269.7 133.0 267.8 133.1 11 277.6 1079.1 133.7 1053.2 269.7 1087.0 133.9 262.1 1111.1 133.7 966.7 131.8 975.4 133.9 1079.1 133.6 966.7 946.7 132. 532. 772. 572. 5314 25.3 25.5 25.7 26.5 27.7 28.4 25.3 27.7 2 42.6 31.3 43.6 44.0 50.4 41.0 39.7 42.6 41.0 42.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F12925 qiyi ocroaebsns 4. . 8720599. 01-02-7655 57 -47.6 243.8 -20.2 1592.8 56 951.8 282.9 90.1 571.6 169.1 92.4 1951.3 88.4 463.2 5.9 157.6 840.0 275.1 2.0 1257.7 171.2 1023.1 28.7 48 174.5 576.7 7.2 253.3 566.4 47 205.6 43 -508.7 -41.9 175.2 45 0.2 37 107.6 -778.5 0.0 405.8 520.9 346.1 -3.5 154.0 0.0 1819.0 1758.5 -633.9 -0.7 31.7 753.7 58FA387005005Discrepancy 431.0 0.0 -2.4 -0.1 -16.4 57FA383190005Miscellaneousliabilities 178.4 0.0 263.2 367.5 -1.0 -162.8 56FA143192005Foreigndirectinvestment inU.S. 55FA112090205Equityinnoncorporate business 57.5 741.5 0.0 -2.2 257.0 54FA143178005Taxespayable 212.3 53FA313140003Lifeinsurancereserves -1.0 36 0.0 148.1 34 33 4259.9 64.1 -34.6 52FA383170005Tradepayables 5692.3 -1.7 0.0 14829.1 -25.6 183.5 51FA103164103Corporateequities 6255.6 -1.5 0.0 104.7 275.8 3791.3 50FA153166000Consumercredit 3481.9 97.8 -130.4 49FA383165005Mortgages 0.0 7759.2 48FA383169005Otherloansandadvances 287.1 17.4 47FA383168005Depositoryinstitutionloansn.e.c. 3726.4 -61.1 46FA384123005Loans 3420.1 10.8 98.2 45FA103163003Corporateandforeignbonds 24 44FA383162005Municipalsecurities 152.5 35.5 77.5 43FA313161705Agency-andGSE-backedsecurities 128.9 42FA313161105Treasurysecurities 12.5 -157.6 41FA103169100Openmarketpaper 22 364.6 -260.2 40FA384122005Debtsecurities -32.4 568.9 -918.3 39FA313112003Treasurycurrency 451.1 -18.1 38FA713014003SDRcertificates 16 37FA313111303U.S.officialreserveassets 528.1 134.4 8.6 74.7 36FA384190005Netincreaseinliabilities 303.7 11 20 11.7 -261.1 13.6 33.3 2.5 35FA383090005Miscellaneousassets -257.7 15 7.2 72.5 -423.4 0.6 -1332.8 34FA103092005U.S.directinvestmentabroad 14 -49.8 122.8 1313.1 33FA152090205Equityinnoncorporatebusiness -869.7 40.2 19.8 32FA383078005Taxespayable 52.7 476.7 265.2 1060.8 13 11.8 -1.0 8 195.4 2564.6 5110.0 31FA153050005Pensionentitlements 76.0 90.3 0.0 460.6 30FA153040005Lifeinsurancereserves 1987.7 1057.1 2.1 0.8 29FA383070005Tradereceivables -432.2 586.9 6499.1 687.9 -1.3 113.1 2346.5 33.7 593.0 28FA383064205Mutualfundshares 7.4 583.1 27FA383064105Corporateequities 40.0 171.1 -0.0 2221.9 -3.1 513.9 9.4 10 626.3 26FA383066005Consumercredit 891.0 9 5 150.4 2149.3 -0.0 25FA383065005Mortgages -23.8 -2110.6 997.9 489.8 2524.6 4615.9 24FA383069005Otherloansandadvances 4.6 -1076.4 0.0 23FA384023005Loans 132.5 15163.4 904.1 334.3 7408.5 6 329.0 5.0 786.1 1152.9 22FA383063005Corporateandforeignbonds 3658.8 0.1 3392.6 21FA383062005Municipalsecurities -132.5 3489.2 868.1 3296.8 20FA383061705Agency-andGSE-backedsecurities 7.3 7334.3 -0.3 3186.6 19FA383061105Treasurysecurities 824.1 3339.0 18FA383069105Openmarketpaper 3362.3 807.7 0.1 17FA384022005Debtsecurities -424.9 3181.1 3379.6 889.0 -387.4 3371.0 16FA382051005Securityrepurchaseagreements 0.1 -239.0 3309.6 15FA383034005Moneymarketfundshares 805.1 14FA383030005Timeandsavingsdeposits 3354.7 800.0 1 13FA383020005Checkabledepositsandcurrency 3203.0 5238.6 12FA383091005Foreigndeposits 4659.2 11FA313011005U.S.officialreserveassets 4363.0 5129.2 10FA384090005Netacqisitionoffinancialassets 5128.6 9FA385000005Netlending(+)ornetborrowing(-) 4964.9 4847.5 8FA385420005Nonproducednonfinancialassets 5034.1 7FA145020005Inventorychange 5012.3 6FA385013005Fixednonresidentialinvestment 5FA385012005Fixedresidentialinvestment 4FA155111003Consumerdurables 3FA385050005Capitalexpenditures 2FA385090005Grossinvestment 1FA386000105Grosssavinglessnetcapitaltransferspaid Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.100 DomesticNonfinancialSectors(1) (1) Sumofdomesticnonfinancial sectorsshownontablesF.101through F.107. 0821 002019 2020 2019 2018 41217. 52221. 7. 183158724. 52742 2512.7 2048.9 40 2766.5 11598.7 2503.9 2168.3 13182.0 876.1 2929.5 2410.8 955.7 4582.2 2804.5 1176.6 5345.5 1411.2 1450.1 1490.4 4 3 1629.0 6065.5 1631.2 2 5830.0 1375.6 3955.0 5049.9 1392.5 4753.6 5570.7 1446.1 5384.2 5653.2 1444.9 6723.6 5664.9 1507.1 5520.7 5629.0 1427.7 5672.2 5636.7 1377.0 5204.1 5437.8 5249.4 5198.8 165-1. 366-0. 321-544-013-4418. 58 1283.7 -94.4 -1021.3 -1594.4 -392.1 -707.4 -356.6 -215.3 51 -340.1 -186.5 32.4 -74.4 -384.0 -494.9 -448.2 -191.5 -452.7 -548.3 27 -156.9 687.1 383.0 -66.9 83.9 -205.0 211.6 -90.3 -153.2 12 36.0 27.8 97.4 -31.7 62.7 -71.0 32.4 9.3 -107.4 5. 0. 0. 4. 0. 196-7. 1. 2. 52 327.6 50 918.2 95.0 -672.9 49 83.7 840.7 -139.6 -234.1 208.2 864.2 41.2 145.0 585.0 46 108.3 693.5 169.4 1003.7 735.9 200.5 534.7 198.4 1047.1 457.3 757.0 -3.5 2959.4 745.9 889.9 181.9 598.7 305.1 181.6 595.1 1436.5 1016.5 826.2 35 -534.0 2120.8 1182.2 604.9 31 376.6 968.4 29 393.1 285.1 797.6 258.4 854.6 843.5 544.2 -725.6 504.2 -249.2 339.5 861.2 112.9 470.5 42.5 393.1 41.2 419.4 286.0 149.0 19 485.9 866.4 17 309.9 488.4 -611.4 731.5 -205.2 -629.3 60.4 -545.8 -127.2 -160.3 364.2 60.2 277.6 -111.6 568.3 473.5 860.6 5. 028. 881652. 671293. 44 32.4 182.9 96.7 41 113.6 29.0 -70.6 106.5 -271.2 -21.4 38.8 -23.5 85.2 -10.4 20.2 -62.4 -57.3 -1.9 -10.2 45-21-90-663. 2. 7. 382-0332 -20.3 30 47.5 -398.2 47.0 372.3 -29.9 -49.2 26 28 65.5 34.8 439.8 99.2 464.0 48.0 -46.6 -13.4 265.1 -19.0 59.3 57.2 23 -1064.1 -12.1 230.6 752.1 72.8 36.1 34.5 188.2 20.1 80.9 16.7 18 442.3 77.4 26.2 79.9 49.4 636.2 87.3 390.7 61.4 73.5 -9.3 13.3 78.7 232.8 51.0 374.3 87.1 24.7 114.5 90.4 182.3 51.6 82.4 7 39.0 46.1 -0.8 -298.4 -52.1 3.4 41.3 -76.3 49.1 57.7 03-. 00-. . . . 020039 0.0 -0.2 0.0 0.0 0.0 -2.2 -0.0 -0.5 -0.3 21 -112.6 -11.2 -45.7 -12.2 21.0 -73.4 -45.4 -52.3 -8.2 . . . . . 06-. . . 53 0.0 54 1.4 23.0 -241.0 -0.0 217.1 -0.6 69.2 0.3 -0.4 1.6 39.7 17.1 0.2 -6.5 0.9 7.9 38 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25 12.6 11.4 18.4 -5.6 10.6 18.6 9.2 2.5 2.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 15

Transactions Transactions 9 F53703 eerdadupi ieisrnepeim . . 0935-. 02-. 17-. 49 -8.4 46 396.0 -1.7 288.4 -3.8 45 -57.3 24.0 56.8 10.2 -58.9 41 64.7 -0.5 -13.1 -19.8 40 -5.6 -1.2 3.5 1069.7 135.6 930.9 43 51.6 -8.9 171.0 559.1 38 -0.9 -34.6 15.2 37 24.9 607.8 376.6 -8.5 -11.7 1.5 -25.6 622.5 321.9 393.1 -24.9 -4.5 20.3 104.7 550.8 373.2 258.4 1.9 32 97.8 -1.5 10.8 543.9 252.7 544.2 -0.6 659.6 17.4 335.9 39.9 -9.8 339.5 -0.9 526.8 465.5 470.5 50FA157005005Discrepancy 10.8 -3.1 30 -3.4 509.0 293.3 393.1 109.1 49FA543077073Deferredandunpaidlifeinsurancepremiums 35.5 -2.5 28 48FA163170005Tradepayables 294.2 419.4 -4.5 -133.8 -262.7 12.5 -90.6 286.0 47FA163165505Commercialmortgages -888.0 -3.1 46FA153169005Otherloansandadvances -32.4 582.9 427.1 45FA153168005Depositoryinstitutionloansn.e.c.(9) -3.6 44FA153166000Consumercredit -32.7 497.2 43FA153165105One-to-four-familyresidentialmortgages(8) -2.4 71.8 133.7 42FA154123005Loans 26 23 -328.3 -327.1 116.9 5.0 -3.6 41FA163162003Debtsecurities(municipalsecurities) 22 -275.9 -690.1 1281.2 23.3 21 -1313.5 40FA154190005Netincreaseinliabilities 832.2 639.0 -3.9 659.3 -56.6 144.8 -4.4 1030.0 1471.9 4752.2 39FA153090005Miscellaneousassets 55.9 240.6 378.4 38FA152090205Equityinnoncorporatebusiness 22.6 1274.7 37FA153050005Pensionentitlements(7) 63.6 75.7 469.1 16 555.6 36FA153040005Lifeinsurancereserves 17 405.2 218.4 -20.1 587.1 35FA163070005Tradereceivables -443.2 211.2 525.7 19 214.4 111.5 1991.9 -19.8 2396.3 408.9 34FA153064205Mutualfundshares -220.5 201.2 536.6 18 2161.9 33FA153064105Corporateequities(6) 170.9 -19.6 181.1 1326.6 634.7 5727.1 10 209.0 14 428.2 1231.0 16.6 32FA163066223Consumercredit(studentloans) 1629.0 -14.9 2908.4 23.2 209.6 31FA153065005Mortgages 5711.9 1631.2 2241.8 14.7 -13.9 30FA153069005Otherloansandadvances(5) 2285.9 -86.3 209.8 1375.6 1291.9 29FA154023005Loans 1691.0 -13.7 1392.5 -37.9 3298.4 210.7 748.0 7 28FA153063005Corporateandforeignbonds 1446.1 2123.7 -18.6 209.6 15.7 27FA153062005Municipalsecurities 5.3 1444.9 2638.9 1610.5 26FA153061705Agency-andGSE-backedsecurities -13.6 203.3 1507.1 1596.9 14.2 25FA153061105Treasurysecurities 8 9 5.2 6 1427.7 1101.5 24FA154022005Debtsecurities -13.2 415.6 1861.6 -2.5 14.9 1377.0 1797.9 467.0 23FA153034005Moneymarketfundshares 11 5.0 4503.1 1779.4 -2.9 22FA153030005Timeandsavingsdeposits 2.3 215.4 5 21FA153020005Checkabledepositsandcurrency 5016.9 1764.6 5.3 2250.2 20FA153091003Foreigndeposits -4.4 241.9 6794.2 1787.0 15.4 2774.8 3577.3 1768.2 268.1 19FA154090005Netacquisitionoffinancialassets 5.2 4770.8 -3.6 9.5 3237.3 1800.9 279.7 1595.3 3206.4 18FA155000005Netlending(+)ornetborrowing(-) 1756.2 5.1 3 -2.1 1203.8 335.0 4972.9 1681.7 17268.3 17FA155420003Nonproducednonfinancialassets 1180.6 3235.4 17661.9 -2.1 270.6 5.2 16FA165013005Nonprofitnonresidential 2847.8 18360.8 3171.5 15FA155012005Residential 16698.6 269.2 1231.2 14FA155111003Consumerdurablegoods -3.3 16539.6 5.2 1237.3 16400.5 13FA155050005Capitalexpenditures 17497.4 -2.1 16348.6 5.2 12FA155090005Grossinvestment 15766.5 -2.0 11FA156000105=Grosssavinglessnetcapitaltransferspaid 10FA155440005-Netcapitaltransferspaid(4) 9FA156300005+Consumptionoffixedcapital 8FA155111005+Netinvestmentinconsumerdurables 7FA156600075-Contr.forgovt.soc.insur.,U.S.-affiliatedareas 6FA313154015+Governmentinsuranceandpensionreserves(3) 5FA156007015=Personalsaving,NIPA(2) 4FA156900005-Personaloutlays 3FA156012005=Disposablepersonalincome 2FA156210005-Personalcurrenttaxes 1FA156010001Personalincome Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.101 HouseholdsandNonprofitOrganizations(1) 16 (9) IncludesloansextendedbytheFederalReserve tofinancialinstitutionssuchasdomestichedgefundsthroughtheTermAsset-BackedSecurities LoanFacility(TALFI). (8) Includesloansmadeunderhomeequitylines ofcreditandhomeequityloanssecuredbyjuniorliens(tableF.218,line24). (7) Includespublicandprivatedefinedbenefit definedcontributionpensionplansandannuities,includingthoseinIRAs,atlifeinsurancecompanies. Excludessocialsecurity. (6) Directlyheldcorporateequities,includingclosed-end fund,exchange-tradedandrealestateinvestmenttrustshares. (5) Includescashaccountsatbrokersanddealers andsyndicatedloanstononfinancialcorporatebusinessbynonprofitsdomestichedgefunds. (4) TableF.5,line66. (3) RailroadRetirementBoard,theNationalInvestmentTrust,andfederalgovernment lifeinsurancereserves. (2) SeetableF.6forderivationofalternativemeasurespersonalsaving. (1) Sectorincludesdomestichedgefunds,privateequityandpersonaltrusts.Supplementary tableB.101.nshowsestimatesofannualyear-endoutstandingsnonprofitorganizations.

Z.1, March11,2021 42. 51. 44. 51. 53. 50. 39. 48. 51. 4 15018.1 14887.1 13590.0 1 15103.3 19504.4 15335.8 19853.5 15219.9 20457.3 14649.6 18951.0 15117.4 18760.8 14529.2 18597.6 19691.6 18551.5 17851.8 0821 002019 2020 2019 2018 20629. 45321. 36320. 17128. 62013 2662.0 2588.1 12 3988.6 2187.1 3819.1 2303.9 7899.0 2326.3 4589.9 2311.9 4017.3 2435.3 3059.9 2292.2 5074.1 2230.6 3889.0 3332.0 2 2236.1 2191.6 2096.5 2252.4 2221.2 2197.1 2194.2 2202.9 2085.3 105-5. 112165-8. 11. 10. 17854650 514.6 1197.8 -1104.8 -1012.6 -780.0 146.5 -101.2 -653.6 -160.5 33 -157.5 686.4 382.3 -67.5 83.0 -205.6 210.9 -90.9 -115.6 8. 8. 351841944. 2418. 5044 95.0 83.7 42 1083.1 -234.1 930.0 41.2 19.8 169.4 615.8 198.4 547.8 -3.5 533.9 181.9 662.2 181.6 520.3 500.4 25 732.6 24 29.6 341.7 -834.7 151.5 -785.0 -672.8 -44.7 -687.7 -355.9 -135.4 -139.8 138.2 -408.7 231.4 347.3 594.1 15 834.7 830.5 762.3 629.9 717.3 684.5 670.8 736.1 668.4 663.5 1. 71198174-78542-0. 18613829 103.8 27 -138.6 -111.9 -100.1 -12.5 574.2 -50.0 -37.8 -13.9 127.4 19.3 109.8 -72.9 17.1 -47.1 -14.1 -51.5 -10.2 214. 432. 722. 791910439 0.4 129.1 36 47.5 67.9 47.0 20.0 -49.2 77.2 34 433.5 99.2 28.2 457.8 -13.4 54.3 258.9 57.2 -1070.3 41.8 745.8 36.1 52.1 13.8 16.7 20.0 49.4 384.4 21.9 58-. 47-. 20-. 61-. 4731 -4.7 -3.9 -6.1 -4.2 -2.0 -2.7 -4.7 -2.6 -5.8 ...... 48 8.2 47 9.0 8.2 9.0 8.2 9.0 8.2 9.0 8.1 9.4 8.1 9.4 8.2 35 9.0 7.9 8.1 9.4 7.9 9.1 9.7 7.9 7.9 7.6 7.6 7.9 7.6 6.7 20 -4.0 -1.6 -25.7 37.8 5.1 -0.5 1.6 -1.0 2.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

4 F12925 rpitr’ntivsmn 4. . 8720599. 01-02-7644 -47.6 -20.2 90.1 43 12.7 92.4 408.9 5.9 42 129.7 282.9 2.0 408.0 169.1 1657.3 28.7 88.4 616.9 7.2 37 157.6 239.8 179.6 275.1 1027.3 -41.9 276.3 832.7 171.2 36 294.7 -532.7 174.5 349.1 -719.6 253.3 117.2 540.6 205.6 140.8 1683.4 -19.9 274.9 -7.9 136.6 28 45FA107005005Discrepancy 64.1 12.7 242.9 44FA112090205Proprietors’netinvestment 183.5 46.7 30 43FA143190005Miscellaneousliabilities 308.0 275.8 172.4 1238.7 -130.4 42FA143192005ForeigndirectinvestmentinU.S. 2340.1 287.1 41FA143178005Taxespayable 3248.9 -61.1 40FA143170005Tradepayables 20 1922.1 -3.4 98.2 1375.1 39FA103164103Corporateequities 1783.9 -13.1 77.5 16 38FA143165005Mortgages 1702.5 -7.3 37FA143169005Otherloansandadvances 20.5 1392.2 -157.6 36FA143168005Depositoryinstitutionloansn.e.c. -4.9 35FA144123005Loans 25.7 15 -94.2 14 18.0 34FA103163003Corporatebonds 21.0 3.1 -172.9 33FA103162000Municipalsecurities -213.2 32FA103169100Commercialpaper 48.9 220.0 -6.3 31FA104122005Debtsecurities 298.9 1514.1 8.2 9 660.0 7.4 73.9 30FA144194005Netincreaseinliabilitiesandequity 13 -4.6 -140.8 107.8 -0.6 29FA143090005Miscellaneousassets 122.9 -2.8 -615.0 28FA103092005U.S.directinvestmentabroad 5.1 -8.9 366.7 1563.8 14.4 -5.5 27FA143070005Tradereceivables 1283.2 190.9 98.2 -4.5 10 11 -2.4 26FA103064203Mutualfundshares -444.1 -640.5 -332.5 69.6 25FA103064103Corporateequities -28.6 678.1 -3.1 767.9 2006.6 -25.0 24FA143066005Consumercredit 53.6 2479.3 522.8 139.2 -2.4 23FA143065005Mortgages 3792.5 102.1 22FA144023005Loans 543.6 1231.3 -1.4 249.4 -690.8 1679.6 21FA143062005Municipalsecurities 20FA103061703Agency-andGSE-backedsecurities 1986.5 304.4 -1.8 19FA143061105Treasurysecurities 1100.7 202.6 18FA103069100Commercialpaper 1179.6 -0.4 17FA144022005Debtsecurities -601.8 -2.1 -212.6 16FA102051003Securityrepurchaseagreements 15FA143034005Moneymarketfundshares 14FA143030005Timeandsavingsdeposits 2 13FA143020005Checkabledepositsandcurrency 12FA103091003Foreigndeposits 2483.2 2624.5 11FA144090005Netacquisitionoffinancialassets 2113.8 2299.2 10FA145000005Netlending(+)ornetborrowing(-) 2566.2 9FA105420005Nonproducednonfinancialassets 2459.1 8FA145020005Changeininventories 2380.2 2455.4 7FA145013005Nonresidential 2405.3 6FA145012005Residential 5FA145019005Fixedinvestment 4FA145050005Capitalexpenditures 3FA145090005Grossinvestment 2FA146000105Grosssavinglessnetcapitaltransferspaid 1FA146110005Incomebeforetaxes Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.102 NonfinancialBusiness(1) (1) Combinedstatementfornonfinancialcorporatebusinessandnoncorporatebusiness. 0821 002019 2020 2019 2018 30829. 30420. 42227. 24429. 3357 2373.5 5 2293.1 2531.4 2204.4 4 2429.7 2370.5 2572.9 2355.3 3 2402.2 2434.0 2515.9 1932.4 2408.4 2052.5 2536.7 3201.9 2310.4 2460.7 2540.1 2191.7 2397.4 1 2537.8 2458.1 3004.4 2300.8 3324.0 2580.0 2529.0 1847.0 3539.7 2380.0 2432.3 2884.5 2677.6 2577.6 2582.6 3011.1 2487.9 1975.9 3237.6 2275.4 3123.8 3138.1 3143.0 3059.7 583-5. 115-4. 449-8. 7. 24-4. 39 -340.1 32.4 -74.4 -384.0 -494.9 -448.2 -191.5 -452.7 -548.3 12 40.0 29.4 123.1 -69.5 57.6 -70.5 30.8 10.3 -110.3 3. 7. 224-2. 1. 752-79-7. 5. 45 550.8 -577.4 -77.9 -705.2 719.2 40 242.5 -425.4 -202.4 793.2 479.5 -685.4 38 272.6 130.0 -185.4 247.4 112.1 35 254.1 77.8 -80.5 34 107.6 311.3 41.2 -195.9 346.1 272.7 31 1089.4 125.5 215.2 1758.5 411.8 2343.8 326.1 753.7 292.0 370.0 271.4 -2.4 1485.2 544.7 296.0 29 747.3 -552.7 789.2 291.2 367.5 27 -3.2 1972.5 479.3 240.5 741.5 655.6 476.3 371.0 791.9 257.0 581.3 684.9 -736.8 148.1 952.9 -248.1 269.1 830.7 106.1 133.8 664.2 25.1 525.4 11.9 775.8 134.0 445.9 6 157.9 136.6 150.9 145.4 134.5 131.7 147.7 131.6 131.5 1. 19-24-04-35-14-7. 7. 1. 32 113.6 -70.6 -271.2 25 4.0 -21.4 -23.5 4.0 -10.4 4.0 -62.4 4.0 -1.9 -10.2 4.3 19 -2.3 4.0 -42.0 4.0 71.2 4.0 61.8 20.4 -38.2 -21.1 22.2 -7.7 -13.4 848. 241102. 52-377. 9918 69.9 17 62.9 78.5 23.4 -33.7 58.4 55.2 144.3 23.0 47.7 181.0 153.5 42.4 72.2 82.8 8 72.3 46.1 38.4 21.0 -0.8 -298.4 -52.1 3.4 41.3 -76.3 49.1 57.7 411. . 392. 50-. 65-. 33 -6.0 16.5 -2.1 15.0 26 5.0 22.8 5.0 13.9 5.0 5.8 5.0 14.1 -4.1 5.0 5.0 5.0 5.0 -9.8 . 651. 97-. 92271-4. 3041 23.0 -241.0 217.1 69.2 -0.4 39.7 17.1 -6.5 7.9 23 2.7 24 22 25.4 28.0 6.2 21 -3.4 -1.2 2.8 6.1 -15.6 -0.1 -9.6 6.1 -6.3 0.4 -0.2 19.2 5.5 1.6 24.7 -4.4 5.6 1.1 1.3 0.0 5.3 -0.1 5.3 -0.7 5.3 0.2 4.7 0.2 3.0 0.0 3.3 1.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 17

Transactions Transactions 0 F53705 Cam fpninfn nsosr8. 1. . 3838-572. 432. 50 24.8 48 49 15.4 44.3 -14.0 328.9 28.3 -11.7 47 32.6 281.4 -16.0 -65.7 171.2 297.9 12.5 3.8 85.1 1572.5 -9.1 527.0 23.8 157.3 42 112.5 168.7 -10.3 7.9 276.6 41 168.4 945.6 -7.3 -203.5 173.1 -13.8 135.0 739.1 -743.6 173.7 -0.9 80.1 335.1 -5.4 253.6 -34.6 97.8 1325.9 184.5 -43.0 139.5 53FA105005305Financinggap(7) 34 Memo: 91.5 187.7 29.3 555.1 52FA107005005Discrepancy 128.8 93.3 390.7 32 4.2 51FA103193005Other 35 64.1 21.6 50FA573073005Claimsofpensionfundonsponsor 366.8 0.0 49FA573074005Pensionfundcontributionspayable 183.5 94.5 812.3 48FA103190005Miscellaneousliabilities 0.0 47FA103192005ForeigndirectinvestmentinU.S. 275.8 1325.4 2401.2 -130.4 46FA103178005Taxespayable 0.0 1480.9 45FA103170005Tradepayables 287.1 919.1 24 259.3 -3.4 -61.1 44FA103164103Corporateequities 1226.4 0.0 98.2 1278.8 43FA103165005Mortgages -13.1 20 42FA103169005Otherloansandadvances(6) 1002.7 -7.3 77.5 20.5 0.0 41FA103168005Depositoryinstitutionloansn.e.c. 18 20.0 40FA104123005Loans -4.9 -157.6 25.7 19 -94.0 -154.1 39FA103163003Corporatebonds(4) 21.0 3.1 38FA103162000Municipalsecurities(5) 69.4 -168.0 37FA103169100Commercialpaper 48.9 207.1 36FA104122005Debtsecurities 360.5 -6.3 1486.1 17 8.2 35FA104194005Netincreaseinliabilitiesandequity 44.8 13 -146.1 7.4 67.6 -4.6 -558.9 34FA103072005Ofwhich:PPPsubsidiesreceivable -75.8 -0.6 116.3 33FA103090005Miscellaneousassets 5.1 -2.8 1321.1 74.0 32FA103092005U.S.directinvestmentabroad(4) 15 1051.9 357.8 14.4 -200.7 -5.5 -4.5 14 -465.8 8.9 31FA103070005Tradereceivables 92.2 -567.4 1622.2 -2.4 30FA103064203Mutualfundshares 655.3 7 1487.9 -3.1 809.8 29FA103064103Corporateequities -33.4 5.8 -0.7 417.0 3022.6 -25.0 162.5 -2.4 28FA103066005Consumercredit 867.5 81.0 -0.8 27FA103065003Mortgages 621.4 1304.6 26FA104023005Loans -1.4 6 238.0 -613.4 1483.0 57.0 79.1 25FA103062003Municipalsecurities 385.5 757.2 -1.8 24FA103061703Agency-andGSE-backedsecurities -0.9 84.8 256.6 870.5 23FA103061103Treasurysecurities 4 -0.4 2 22FA103069100Commercialpaper -0.9 -521.5 -142.0 30.0 176.0 21FA104022005Debtsecurities -2.1 -132.2 -84.1 224.5 -1.3 -79.4 8 20FA102051003Securityrepurchaseagreements 5 50.4 19FA103034000Moneymarketfundshares 2114.1 160.6 1718.6 110.0 13.6 18FA103030003Timeandsavingsdeposits 2260.6 1700.2 58.9 184.8 17FA103020000Checkabledepositsandcurrency 52.5 1754.3 1688.4 -1.1 16FA103091003Foreigndeposits 221.7 -18.1 1942.1 1676.9 28.6 15FA104090005Netacquisitionoffinancialassets -6.2 2212.3 195.6 1689.5 28.4 34.4 2107.5 1671.6 186.5 14FA105000005Netlending(+)ornetborrowing(-) 2017.8 -29.2 1696.0 -344.3 212.4 2105.7 1663.0 13FA105420005Nonproducednonfinancialassets -5.3 12FA105020005Inventorychange+IVA 2066.0 196.4 1659.0 11FA105019005Fixedinvestment(3) -54.7 10FA105050005Capitalexpenditures 9FA105090005Grossinvestment 8FA106000105=Grosssavingslessnetcapitaltransferspaid 7FA105440005-Netcapitaltransferspaid(2) 6FA106006065+Foreignearningsretainedabroad 5FA106300015+Capitalconsumptionallowance(1) 4FA105020601+Inventoryvaluationadjustment(IVA) 3FA106121075-Netdividends 2FA106231005-Taxesoncorporateincome 1FA106060005Profitsbeforetax Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.103 NonfinancialCorporateBusiness 18 (7) Thefinancinggapisthedifferencebetweencapital expenditures(line10)andgrosssavingslessnetcapitaltransferspaidforeignearnings retainedabroad(line8minusline6). (6) Loansfromrestoftheworld,U.S.government, andnonbankfinancialinstitutions.DetailcanbefoundontableF.216. (5) Industrialrevenuebondsissuedbystateandlocal governmentstofinanceprivateinvestmentandsecuredininterestprincipalbytheindustrial userofthefunds. (4) Through1992:Q4,corporatebondsincludenet issuesbyNetherlandsAntilleanfinancialsubsidiaries,andU.S.directinvestmentabroadexcludes netinflowsfromthosebondissues. (3) Nonresidentialfixedinvestmentplusresidential fixedinvestment,shownintableF.2,lines10and15respectively. (2) TableF.5,line61. (1) Consumptionoffixedcapitalplusthe consumptionadjustment.

Z.1, March11,2021 0821 002019 2020 2019 2018 07029. 01220. 09827. 98522. 09011 2099.0 10 2130.7 2025.7 9 2028.2 1928.5 1563.3 1669.6 2071.4 2838.0 2025.9 2099.8 1832.2 2106.6 2105.0 2647.3 2147.4 2031.2 1493.1 1963.6 2097.5 2533.0 2147.7 2017.0 2220.2 2068.2 1 1626.1 1337.6 1936.0 1507.9 939.2 1076.8 1313.5 1222.2 1215.4 1261.3 1255.9 3217. 2. 244244-47-4. 5753 95.7 -147.7 -54.7 4.4 4.2 92.4 -25.6 76.4 -342.1 44 -340.1 32.4 -74.4 -384.0 -494.9 -448.2 -191.5 -452.7 -548.3 16 40.0 29.4 123.1 -69.5 57.6 -70.5 30.8 10.3 -110.3 3. 7. 224-2. 1. 752-79-7. 5. 52 51 550.8 4.6 -577.4 296.3 -77.9 20.4 -705.2 45 719.2 351.1 197.7 -425.4 1577.9 690.6 -202.4 513.5 -515.2 479.5 168.1 -188.4 130.0 960.2 70.5 693.6 40 17.4 -26.1 39 107.6 -531.6 46.2 165.6 346.1 36 80.9 215.2 1726.4 1758.5 68.7 320.7 753.7 292.0 -2.4 1485.2 248.6 747.3 333.6 33 367.5 -370.2 -3.2 197.6 31 741.5 1533.1 198.1 183.4 371.0 218.0 257.0 729.3 684.9 413.0 148.1 -790.8 269.1 743.6 -291.5 133.8 609.0 54.9 448.5 -29.2 323.2 -38.7 583.3 84.5 396.3 3 703.9 724.4 736.1 607.2 661.8 672.8 692.9 636.6 259.8 1. 1. 083. 944. 4. 1112. 46 23.3 -171.1 146.5 44.6 -9.4 30.1 10.8 37 113.6 -15.3 -70.6 -10.6 -271.2 29 -21.4 4.0 -23.5 4.0 -10.4 -62.4 4.0 -1.9 4.0 -10.2 4.3 23 -8.1 4.0 -41.4 4.0 60.0 4.0 67.6 11.4 -38.2 -20.4 19.5 -8.8 -15.6 464. 257. 396. 604. 4943 64.9 43.7 36.0 65.4 13.9 79.7 52.5 47.3 84.6 22 69.9 21 57.5 78.5 24.4 -33.7 47.0 55.2 148.3 23.0 38.3 181.0 154.1 42.4 69.3 12 82.8 36.3 71.1 38.4 -2.6 19.1 -254.4 -42.4 9.1 43.9 -65.8 50.5 53.4 411. . 392. 50-. 65-. 38 -6.0 16.5 -2.1 15.0 30 5.0 22.8 13.9 5.0 5.8 5.0 14.1 5.0 -4.1 5.0 5.0 5.0 5.0 -9.8 ...... 27 2.8 28 25.4 2.7 26 28.1 25 -3.4 -0.8 2.7 -0.7 -15.6 0.4 2.6 -13.0 -6.3 0.2 -3.7 19.2 2.6 -0.2 21.8 -4.4 2.5 -1.9 0.8 0.0 2.7 2.7 -0.3 -0.7 2.5 1.8 -0.1 0.2 2.0 -0.1 2.2 1.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F12925 rpitr’ntivsmn 4. . 8720599. 01-02-7633 -47.6 -20.2 31 1.6 90.1 92.4 -2.0 5.9 3.3 27 67.0 2.0 0.2 107.9 159.7 28.7 -1.5 14.0 26 22 7.2 21 -2.0 -329.2 -187.2 0.0 24 19.4 24.1 -58.7 306.2 -41.9 0.8 0.7 1.3 215.6 426.4 546.0 -0.3 0.0 1014.7 357.5 0.7 87.2 847.7 23.1 21.0 0.0 7.8 441.2 -0.5 -37.2 456.0 0.0 8.4 -0.0 149.6 557.5 25.1 83.6 0.7 423.7 77.9 33FA112090205Proprietors’netinvestment 389.4 0.0 0.2 32FA113193003Miscellaneousliabilities 10 0.0 -2.0 0.3 31FA115114005ForeigndirectinvestmentinU.S. 9 30FA113178003Taxespayable -59.1 0.2 5.2 29FA113170005Tradepayables 229.5 28FA113165005Mortgages -56.0 299.5 27FA113169005Otherloansandadvances 8 26FA113168005Depositoryinstitutionloansn.e.c. 242.7 63.0 7 25FA114123005Loans -131.8 231.3 -73.1 66.8 384.4 24FA114190005Netincreaseinliabilities 21.7 -41.9 991.4 117.0 23FA113093005Other 22.8 -23.3 769.9 60.8 22FA113072003PPPsubsidiesreceivable 21FA113092405EquityinvestmentinGSEs(3) -77.8 363.8 105.8 20FA113076005Insurancereceivables 47.8 19FA113090005Miscellaneousassets 374.9 21.1 -77.4 18FA113070003Tradereceivables 503.5 -81.1 11.5 17FA113066003Consumercredit 343.5 -54.0 16FA113065005Mortgages 2 15FA114023005Loans 309.1 369.1 1 -80.2 369.1 14FA113062003Municipalsecurities 363.9 -80.4 13FA113061003Treasurysecurities 363.9 359.5 12FA114022005Debtsecurities 359.5 357.1 11FA113034003Moneymarketfunds 357.1 10FA113030003Timeandsavingsdeposits 353.8 9FA113020005Checkabledepositsandcurrency 353.8 351.5 8FA114090005Netacquisitionoffinancialassets 351.5 362.4 362.4 7FA115000005Netlending(+)ornetborrowing(-) 349.8 349.8 339.4 6FA115020005Changeininventories 336.3 5FA115019005Fixedinvestment(2) 4FA115050005Capitalexpenditures 3FA116000105Grossinvestment 2FA116000105Grosssavinglessnetcapitaltransferspaid(1) 1FA116300005Grosssaving=consumptionoffixedcapital Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.104 NonfinancialNoncorporateBusiness (3) EquityintheFarmCreditSystem. (2) Nonresidentialfixedinvestmentplusresidentialinvestment,shownintableF.2,lines11and16respectively. (1) NetcapitaltransferspaidfromtableF.5,line62. 0821 002019 2020 2019 2018 0. 4. 1. 3. 5. 4. 1. 0. 0. 28 207.8 203.8 25 -54.4 218.1 335.8 245.9 23 923.8 258.8 -18.2 617.4 332.1 110.2 301.3 218.9 202.2 19 296.1 -182.4 248.7 155.8 439.4 455.6 206.6 197.7 437.6 281.7 211.5 168.3 292.9 112.5 209.3 191.9 221.7 193.6 215.7 202.2 192.4 5 4 432.3 442.1 404.1 3 405.8 369.1 426.8 382.8 363.9 444.5 434.9 359.5 436.9 431.2 357.1 435.1 432.6 353.8 426.9 416.4 351.5 431.4 430.0 362.4 415.3 419.7 349.8 339.4 368. 118. 471019. 00-. 32 -2.7 30 -0.3 80.0 -69.8 97.1 70.6 110.1 24.5 84.7 9.1 89.9 9.6 71.1 81.7 6.3 93.6 8.8 18 42.3 18.5 62.6 54.0 43.4 51.3 54.4 50.6 49.4 49.6 131. 93951. 301. 222. 20 22.9 22.2 19.1 14 -0.4 13.0 -0.5 11.7 0.2 9.5 1.9 19.3 10.0 0.4 -1.3 0.1 0.3 0.1 -0.3 . 46-. 044. . 1021264. 29 44.8 102.6 -170.2 3.0 41.6 60.4 17 -4.9 0.0 16 -0.1 15 44.6 -0.1 0.0 3.5 5.4 3.5 0.0 13 3.4 5.8 12 3.4 5.4 0.0 3.5 11 -0.5 -0.2 3.5 -1.0 0.0 2.9 11.2 -4.9 2.9 11.4 0.0 -5.9 3.1 12.8 -4.0 3.1 0.0 9.0 28.0 2.6 9.3 2.6 6 0.0 -0.7 6.3 2.8 9.8 -0.5 2.8 0.0 2.7 6.7 1.0 2.9 1.8 1.0 1.1 8.9 1.1 -44.0 2.2 -9.7 6.1 1.9 -5.7 4.8 -2.5 -10.5 -1.5 4.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 19

Transactions Transactions 9 F33905 iclaeu iblte 8. 2. 0. 17224513485918. 3. 59 55 239.5 0.0 56 1.1 1185.5 61 52 62 -52.3 0.2 825.9 2744.3 0.0 3330.9 1.8 255.6 153.4 -3.5 11960.4 0.0 6443.6 2402.0 294.5 -62.2 725.3 -0.7 1195.3 -157.2 0.0 -0.1 1532.9 62.6 601.1 -0.1 5109.4 0.0 -27.9 228.9 487.8 1443.0 -1.0 1529.6 -773.5 188.4 1843.1 0.0 -14.8 60.5 -2.2 0.0 16.9 401.7 -1.0 -150.6 0.0 -1.7 46 62FA374190005Netincreaseinliabilities (consolidated)(4) 2882.1 40 0.0 -1.5 61FA374090005Netacquisitionoffinancial assets(consolidated)(4) 3522.7 43.4 Memo: 12473.8 2384.3 262.7 36 60FA367005005Discrepancy 2.5 1318.3 455.2 1562.8 59FA363190005Miscellaneousliabilities -14.0 -30.3 5315.7 58FA313140003Insurancereserves 57FA363170005Tradepayables 1497.1 14.6 34 24.0 29 1518.9 70.6 56FA363169005Otherloansandadvances -2.2 0.7 30.9 55FA313165403Multifamilyresidentialmortgages 30 31.3 15.9 54FA364123005Loans 26 -6.6 28 2.9 11.7 53FA213162005Municipalsecurities 186.9 13.9 -39.8 18.5 52FA313161705Budgetagencysecurities 8.7 10.0 7.2 51FA313161105Treasurysecurities 30.6 -2.4 -47.7 51.5 50FA364122005Debtsecurities 5.0 20.6 21.4 58.9 19.8 6.8 -8.7 49FA313112003Treasurycurrency 48FA713014003SDRcertificates 8.3 18.7 53.0 -1.0 27 47FA313111303SDRallocations -3.3 3.6 -302.7 3.6 10.0 9.3 0.8 200.2 46FA364190005Netincreaseinliabilities 23 14.6 2.7 24.7 14.8 25 4912.7 4.4 45FA363090005Miscellaneousassets 5.1 7.4 85.4 658.2 13.4 44FA363078005Taxesreceivable 19.3 39.1 43FA363070005Tradereceivables 5.7 447.4 -41.6 6.8 9.4 42FA213064203Mutualfundshares 24.1 -0.7 20.0 6957.0 41FA363064105Corporateequities 433.3 -2.1 17.9 4.6 707.6 1.2 8.0 1367.1 40FA313069005Otherloansandadvances 18 185.7 39FA313066220Consumercredit 7.2 16.3 -2.5 5.0 24 38FA363065005Mortgages 517.7 -2796.6 17 37FA364023005Loans 15.1 -2.9 -3075.3 617.5 165.9 36FA363063005Corporateandforeignbonds 2049.4 -5516.8 35FA213062003Municipalsecurities 610.8 20.0 114.7 -1676.7 -4.4 34FA363061705Agency-andGSE-backedsecurities -1132.7 20 604.2 33FA213061105Treasurysecurities 391.0 -1045.1 14.1 -1747.7 -3.6 32FA213069103Openmarketpaper -3266.4 -2982.3 600.3 13 31FA364022005Debtsecurities -1382.5 -4545.1 15.4 788.5 -2.1 -1127.9 595.6 -747.2 30FA212051003Securityrepurchaseagreements 782.3 -674.8 12 591.4 29FA213034003Moneymarketfundshares -2.1 3776.7 11 1444.6 28FA363030005Timeandsavingsdeposits -700.6 3026.6 5 608.2 9 4351.5 27FA363020005Checkabledepositsandcurrency 682.3 -2505.6 -3.3 3022.1 29.2 -19.7 26FA313011005U.S.officialreserveassets 5661.5 588.3 -656.7 3053.1 667.7 3214.5 4 -19.5 -2.1 27.3 -564.6 566.1 25FA364090005Netacquisitionoffinancialassets 3046.0 10 3133.1 660.8 260.8 9018.4 3032.5 -21.4 3119.1 26.6 -2.0 24FA365000005Netlending(+)ornetborrowing(-) 924.4 10197.9 297.2 3009.2 4251.0 12091.5 -12.8 3036.9 658.5 7891.5 29.1 225.8 23FA365420005Nonproducednonfinancialassets 3102.0 -7.9 2995.1 22FA365019005Fixedinvestment 7796.9 6 2945.7 634.0 243.2 27.9 21FA365090005Grossinvestment 2891.3 3 7755.2 1468.2 1 -8.0 300.8 1504.1 9799.8 1446.9 27.9 20FA366000105=Grosssavinglessnetcapitaltransfers 6640.8 1489.2 7708.8 271.4 1393.3 -18.3 6592.6 1395.8 19FA365440095-Netcapitaltransfers(3) 7356.1 28.0 1456.8 256.7 6923.5 18FA313154015-Insuranceandpensionfundreserves(2) 1530.0 -7.6 1438.1 17FA366300005+Consumptionoffixedcapital 6538.0 27.7 286.8 1509.6 1424.1 16FA366006005Netsaving,NIPAbasis 6519.6 -5.8 1501.6 271.0 1441.3 26.3 6451.3 1479.8 15FA366402005Subsidies 1424.0 6673.7 14FA366130005Interestpayments 1491.4 1365.6 6454.1 13FA366403005Othercurrenttransferpayments 1444.8 12FA366404005Governmentsocialbenefits 6210.8 11FA366901005Consumptionexpenditures 10FA366900015Currentexpenditures,NIPAbasis 9FA366402105Currentsurplusofgovernmententerprises 8FA366403105Currenttransferreceipts 7FA366150105Incomereceiptsonassets 6FA366601005Contributionsforgovt.socialinsurance 5FA316231061Taxesfromtherestofworld 4FA366231005Taxesoncorporateincome 3FA366240005Taxesonproductionandimports 2FA366210005Personalcurrenttaxes 1FA366010115Currentreceipts,NIPAbasis Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.105 GeneralGovernment(1) 20 (4) ExcludesTreasurysecurities andmunicipalsecuritiesheldbystate localgovernments(lines33and35)federal governmentloanstostateandlocalgovernments (line56). (3) TableF.5,line63less line12. IncludesvalueofTreasury andagency-GSE-backedsecuritiesheld bystateandlocalgovernmentemployeeretirement funds. (2) RailroadRetirement Board, theNationalRailroadRetirementInvestment Trust,andfederalgovernmentlifeinsurance reserves.Savingtransferredtothehouseholds and nonprofitorganizationssector. (1) Sumofthefederalgovernmentandstate local governmentssectors.

Z.1, March11,2021 14. 15. 32. 10. 17. 15. 56. 30. 27. 16 -2377.6 -3605.3 -5168.0 -1353.5 -1277.3 -1303.9 -3126.1 -1254.7 -1145.4 0821 002019 2020 2019 2018 41217. 52221. 7. 183158724. 52751 2512.7 50 2564.4 2048.9 2217.4 11598.7 2168.3 11705.8 2193.9 876.1 963.4 2410.8 2435.0 4582.2 4670.4 1176.6 1184.1 1411.2 1359.0 2 2236.1 2191.6 2096.5 2252.4 2221.2 2197.1 2194.2 2202.9 2085.3 160-12-29-2. 312134114-1. 1. 60 218.3 -714.9 161.4 54 1.1 123.4 -331.2 1.8 -428.5 -52.9 -62.2 -41.2 -0.1 -156.0 -27.9 -773.5 -14.8 16.9 -150.6 21 -1966.0 -2267.4 -4706.5 -870.6 -343.6 -272.1 -2452.6 -615.6 -408.6 2. 695. 918. 76431687. 57 77.0 116.8 4.3 37.6 88.0 59.1 58.9 66.9 122.1 37 98.8 324.0 552.0 62.2 86.5 104.1 259.3 92.6 101.2 22 806.0 794.5 786.2 788.1 772.8 757.9 793.7 14 816.3 752.8 828.5 703.9 845.8 873.7 882.4 8 7 953.4 208.7 884.1 934.3 225.6 841.1 1601.6 205.4 879.4 828.7 210.6 821.8 821.1 208.8 838.8 198.4 1079.5 212.6 820.9 208.1 806.4 217.3 5. . 922. 822. 0. 7. 1553 51.5 172.0 107.7 25.7 88.2 26.4 89.2 9.2 -50.7 33 136.1 188.7 508.8 -18.3 121.5 29.3 203.8 53.9 -12.4 19 -10.0 -9.2 -14.4 -2.5 -4.7 -9.8 -9.0 -7.7 -12.7 32742. . 09-. . 483. 43 36.8 45 18.3 54.8 44 19.3 -20.3 3.3 -398.2 458.7 39 372.3 40.7 3.6 -9.1 -29.9 52.2 -0.9 -61.7 34.8 78.4 -61.3 9.8 -46.6 125.0 83.7 -19.0 21.5 -62.9 64.8 -12.1 7.4 33.3 87.9 34.5 33.2 63.7 83.0 90.7 15 610.4 1213.5 1086.5 75.1 81.1 82.0 746.4 73.9 63.3 03-. 00-. . . . 020049 0.0 -0.2 0.0 0.0 0.0 -2.2 -0.0 -0.5 -0.3 . . . . . 06-. . . 58 0.0 1.4 -0.0 -0.6 0.3 48 0.0 47 1.6 0.0 0.0 0.2 0.0 0.0 0.9 0.0 42 0.0 0.2 1.2 0.0 0.0 41 1.2 0.0 -3.4 0.0 1.2 0.0 -3.4 38 14.6 0.0 1.2 -3.4 35 0.0 0.5 9.0 0.0 -3.4 1.2 0.0 1.4 32 18.4 0.0 7.5 -3.4 1.2 0.0 -7.5 3.9 -3.4 8.8 1.2 7.1 0.1 -3.4 31 24.4 1.2 217.3 15.6 0.5 -3.4 -4.1 199.8 1.2 8.7 0.6 -0.4 521.4 1.7 -0.3 -39.1 1.5 1.3 147.9 5.4 -0.8 46.4 9.2 0.5 224.8 -0.3 53.9 0.6 9.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

9 F34015 hnei ahblne()1321812. 6. 1. 5. 9906. 25559 -265.5 66.0 4939.0 557.7 -12.0 54 -67.8 362.9 55 50 26.0 1324.3 903.4 0.0 51 48 1.8 0.0 0.2 557.7 5.5 0.0 -48.2 173.2 0.0 -3.5 -68.4 0.0 35.9 -0.7 -47.8 -62.8 -431.3 0.0 -0.7 -0.6 -0.1 336.3 -403.6 0.0 -16.7 -29.0 -1.0 -21.2 45 -36.4 -774.6 2512.7 0.0 -2.2 -35.0 -15.8 2048.9 -1.0 11598.7 -51.9 0.0 15.8 2168.3 876.1 -1.7 -151.7 59FA314000105Changeincashbalance (6) 0.0 Memo: 2410.8 40 -1.5 31 4582.2 2471.8 0.0 0.0 58FA317005005Discrepancy 33 1176.6 3017.7 43.4 1411.2 57FA313190015Other 12049.3 28 0.0 30 2106.1 56FA313172003PPPsubsidiespayable -2.7 262.7 0.0 55FA343073045Claimsofpensionfundonsponsor 920.4 26 0.0 11.7 54FA313190005Miscellaneousliabilities 455.2 -1.7 1211.8 0.0 53FA313140003Insurancereserves -14.0 4911.2 7.2 52FA313170005Tradepayables 0.0 0.6 1191.8 0.0 14.6 51FA313169003Otherloansandadvances 1295.6 19.8 0.0 50FA313165403Multifamilyresidentialmortgages -1.6 0.7 0.0 49FA314123005Loans -1.0 27 48FA313161705Budgetagencysecurities -1.3 0.0 -341.6 47FA313161305Nonmarketable 186.9 23 0.0 0.8 164.0 46FA313161205Marketable -0.2 1.3 10.0 0.0 45FA313161105Treasurysecurities(5) 25 4840.1 0.0 44FA314122005Debtsecurities -235.6 7.4 -11.1 5.0 642.6 -1.3 0.0 158.7 43FA313112003Treasurycurrency -0.1 0.0 -57.0 9.4 19 42FA713014003SDRcertificates 0.3 6190.0 69.3 0.0 41FA313111303SDRallocations 423.0 -0.5 677.2 18 0.0 4.6 -2.5 0.1 70.3 1326.3 40FA314190005Netincreaseinliabilities 42.4 -0.9 24 1.0 0.0 -2707.5 -2.9 5.0 67.8 39FA313090005Miscellaneousassets 474.6 -2859.0 -1.8 17 38FA313078000Taxesreceivable -5859.3 310.1 173.5 1697.5 -4.4 75.6 37FA313070000Tradereceivables -1429.0 -3.0 36FA313064105Corporateequities(4) 84.2 -878.0 305.9 70.6 35FA313066220Consumercredit(3) -3.6 -737.3 303.6 34FA313065005Mortgages 323.0 -2.7 -3213.7 33FA313069005Otherloansandadvances 64.6 -2.1 20 300.5 -1107.7 32FA314023005Loans -2078.5 -0.8 -972.6 13 31FA313063763Corporateandforeignbonds 70.8 -3290.0 298.3 -2.1 788.5 30FA313061703Agency-andGSE-backedsecurities -5398.2 295.8 29FA314022005Debtsecurities -922.3 66.1 9 782.3 -3.3 12 28FA313030003Timeandsavingsdeposits -0.0 -825.0 2947.0 305.0 11 1444.6 27FA313020005Checkabledepositsandcurrency 59.5 1143.0 5 3523.0 -850.8 -2.1 26FA313011005U.S.officialreserveassets 294.8 682.3 1141.0 29.2 0.3 4849.4 -2922.2 1168.1 285.8 667.7 25FA314090005Netacquisitionoffinancialassets -2.0 -816.2 2447.4 10 4 27.3 1118.0 -0.4 6026.7 2372.1 660.8 -703.4 184.5 24FA315000005Netlending(+)ornetborrowing(-) 1113.7 7205.6 2355.7 26.6 924.4 -1.0 207.0 3 1104.6 9107.1 3441.7 23FA315420003Nonproducednonfinancialassets 150.9 1142.5 658.5 4903.9 29.1 171.5 22FA315019001Fixedinvestment 2347.5 -2.0 1097.3 21FA315090005Grossinvestment 4818.6 144.7 6 2218.5 634.0 180.5 27.9 1043.5 4786.4 1446.3 -2.1 131.4 20FA316000105=Grosssavinglessnetcapitaltransferspaid 1 229.7 6810.8 1426.6 27.9 3705.0 183.8 4758.1 201.6 -0.3 19FA315440095-Netcapitaltransferspaid(2) 1374.2 3677.1 18FA313154015-Insuranceandpensionreserves(1) 4499.3 28.0 179.2 1436.4 185.9 3468.8 17FA316300001+Consumptionoffixedcapital -1.9 1416.9 175.1 3753.1 27.7 217.3 1402.3 16FA316006005Netsaving,NIPAbasis 3763.7 -0.6 152.7 210.6 1420.9 26.3 3702.4 15FA316402001Subsidies 173.7 1402.2 3651.0 14FA316130001Interestpayments 1344.6 162.8 3711.2 13FA316403001Othercurrenttransferpayments 12FA316404001Governmentsocialbenefits 3567.6 11FA316901001Consumptionexpenditures 10FA316900005Currentexpenditures,NIPAbasis 9FA316402101Currentsurplusofgovernmententerprises 8FA316403105Currenttransferreceipts 7FA316150105Incomereceiptsonassets 6FA316601001Contributionsforgovt.socialinsurance 5FA316231061Taxesfromtherestofworld 4FA316231001Taxesoncorporateincome 3FA316240001Taxesonproductionandimports 2FA316210001Personalcurrenttaxes 1FA316010105Currentreceipts,NIPAbasis Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.106 FederalGovernment (6) Timeandsavingsdeposits (line28)pluscheckabledepositsandcurrency atthemonetaryauthorityandU.S.-chartered depositoryinstitutionssectors(tableF.204,lines 3and8). (5) Includesmarketable and nonmarketableTreasurysecuritiesheldbythe publicandTreasurysecuritiesheldbyfederal governmentemployeeretirementfunds. (4) Corporateequitiespurchasedfromfinancialbusinesses undertheTroubledAssetReliefProgram(TARP)andfromGSEsatissuanceprice. thegovernmentpurchasedfromdepositoryinstitutions andfinancecompanies. (3) IncludesloansoriginatedbytheDepartment of EducationundertheFederalDirectLoanProgram,aswellFamily Program loansthat (2) TableF.5,line64less12. (1) RailroadRetirementBoard,theNational RetirementInvestmentTrust,andfederalgovernmentlifeinsurancereserves. 0821 002019 2020 2019 2018 11616. 37311. 9. 977104819. 43946 2423.9 1892.6 44 2512.9 11004.8 2045.4 1947.7 11598.1 690.6 2168.2 1111.5 875.2 4317.3 2408.6 1062.7 4581.2 1131.6 1174.9 1409.8 2 1717.8 1685.0 1600.1 1756.6 1740.2 1713.2 1689.9 1713.0 1617.5 1171. 1. 746-90-. 6. . . 49 0.0 0.0 -62.8 -0.6 -29.0 -774.6 -15.8 15.8 -151.7 21 -2357.2 -2524.1 -5522.8 -1094.8 -544.7 -414.3 -2874.7 -788.5 16 -677.5 -2321.7 -3528.6 -5638.3 -1150.8 -1054.9 -1084.1 -3159.8 -1047.0 -931.7 7. 1. 6. 2931562065391638. 47 88.8 156.3 593.9 220.6 185.6 1299.3 264.9 113.9 279.6 22 350.5 346.1 336.7 334.6 334.3 324.7 342.0 14 321.9 538.5 295.9 546.5 559.1 581.7 584.5 7 110.3 583.9 127.7 556.4 107.4 581.6 112.8 540.5 111.2 101.6 114.6 111.3 122.7 2. 2. 4. 465-8. 7. 2. 75928758 278.7 -765.9 124.6 172.5 -280.3 -436.5 -47.5 -27.7 -25.9 551. . 2. 65-. 23531. 57 15.1 5.3 -2.3 52 26.7 -0.4 67.7 36.5 -43.6 -27.7 -12.7 4.4 38.1 18.3 9.6 15.5 9.5 17.5 39 4.8 74.0 37 24.9 8.4 38 0.5 35 -22.8 460.4 40.7 -330.8 25.7 11.9 52.2 304.3 1.3 2.1 32 78.4 89.9 -51.8 -6.5 5.8 23.5 83.7 311.0 539.2 -4.5 -58.2 64.8 121.4 75.8 -25.3 7.0 13.1 87.9 80.7 -20.9 -1.4 63.7 15.0 15.9 99.7 83.0 10.4 253.9 90.7 93.6 99.1 15 609.8 1212.9 1085.9 74.5 8 66.0 80.5 58.5 81.4 57.9 745.8 54.8 73.3 60.5 62.7 82.9 59.3 67.8 83.9 03-. 00-. . . . 020043 0.0 -0.2 0.0 0.0 0.0 -2.2 -0.0 -0.5 -0.3 . . . . . 06-. . . 53 56 0.0 -108.9 892.6 1.4 628.4 0.0 -0.0 -0.6 0.0 0.3 0.0 42 1.6 353.0 0.0 41 0.0 0.0 0.2 0.0 0.0 0.0 0.9 0.0 0.0 0.2 36 0.0 0.0 0.0 34 0.0 0.0 5.7 0.0 0.0 0.0 -4.0 0.0 29 0.0 0.0 5.6 0.0 0.0 0.0 0.0 6.1 0.0 0.0 0.0 0.0 1.3 0.0 0.0 0.0 11.2 0.0 3.3 0.0 0.0 0.6 0.0 4.0 3.4 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 21

Transactions Transactions 4 F23623 on US oenetlas ...... 44 1.1 1.8 0.7 46 307.3 0.4 282.1 41 1.1 268.2 51.5 40 410.3 201.7 1.0 172.0 505.0 258.6 107.7 424.5 1.0 274.1 25.7 278.2 264.8 1.0 88.2 397.9 33 245.6 2.5 351.0 1.1 26.4 224.9 404.5 -30.3 89.2 305.3 24.0 31 26 9.2 70.6 223.3 -2.2 30.9 27 31.3 15.9 -50.7 47FA217005005Discrepancy -6.6 2.9 25 -39.8 18.5 46FA223073045Claimsofpensionfundonsponsor(3) 16.6 8.7 45FA213170003Tradepayables -2.4 -47.7 51.5 32.3 24 44FA213169203Loans(U.S.governmentloans) 20.6 38.9 21.4 6.8 -8.7 58.2 43FA213162200Long-term 8.3 36.2 18.7 -3.3 42FA213162400Short-term(2) 3.6 54.6 41FA213162005Debtsecurities(municipalsecurities) 72.6 3.6 23 9.3 21 14.6 321.1 11.4 2.7 24.9 40FA214190005Netincreaseinliabilities 15.6 4.4 288.7 5.1 13.5 24.5 39FA213093003Miscellaneousassets 19.3 15.3 767.0 38FA213078005Taxesreceivable 5.7 40.4 6.8 22 37FA213070003Tradereceivables 24.2 30.4 -0.7 10.3 -89.2 19.8 36FA213064203Mutualfundshares -2.1 18.4 143.3 1.2 -216.3 40.8 35FA213064103Corporateequities 17 7.9 342.5 43.2 -79.3 17.2 6.2 12 34FA213065005Loans(mortgages) -247.7 -79.6 0.0 16 351.8 16.9 307.4 -254.7 33FA213063003Corporateandforeignbonds -7.6 -82.2 30.5 32FA213062003Municipalsecurities 0.0 -307.8 304.9 18 23.0 31FA213061703Agency-andGSE-backedsecurities 330.8 -78.1 -52.7 68.0 300.6 30FA213061105Treasurysecurities 16.8 0.0 307.7 29FA213069103Openmarketpaper -75.3 -274.8 299.7 28FA214022005Debtsecurities 853.1 16.2 -155.3 -74.4 0.0 297.3 27FA212051003Securityrepurchaseagreements 175.1 -79.8 295.6 26FA213034003Moneymarketfundshares 150.1 0.0 11 -73.8 303.1 10 4 25FA213030000Timeandsavingsdeposits 829.6 1883.6 150.2 76.2 24FA213020005Checkabledepositsandcurrency 293.5 0.0 -72.2 1881.2 8 828.5 416.7 -19.7 1885.0 280.3 5 23FA214090005Netacquisitionoffinancialassets 90.2 812.2 159.5 0.0 9 1928.0 21.8 -19.8 22FA215000005Netlending(+)ornetborrowing(-) 54.2 2991.6 767.1 1918.8 138.8 20.2 0.0 2992.3 -20.9 1904.6 761.0 21FA215420003Nonproducednonfinancialassets 62.7 2984.4 1894.4 20FA215019001Fixedinvestment -11.8 19.1 763.4 0.0 2987.7 1897.8 71.0 -5.9 19FA215090005Grossinvestment 2978.3 809.3 1847.8 3 20.4 69.8 2968.8 1353.2 754.6 18FA216000105=Grosssavinglessnetcapitaltransferspaid 1 -5.9 21.1 2989.0 1344.5 2935.7 70.8 727.2 2950.7 1264.3 17FA215440005-Netcapitaltransferspaid(1) -18.1 21.8 2915.5 16FA216300001+Consumptionoffixedcapital 2856.8 1346.2 69.5 3454.7 -5.7 1330.4 20.4 15FA216006005Netsaving,NIPAbasis 2785.0 60.5 1326.5 2755.9 -5.2 21.7 1327.1 14FA216402001Subsidies 2748.9 13FA216130001Interestpayments 1317.7 21.0 3022.7 12FA216403001Othercurrenttransferpayments 1282.0 2742.9 11FA216404001Govt.socialbenefitpaymentstopersons 10FA216901001Consumptionexpenditures 2643.2 9FA216900005Currentexpenditures,NIPAbasis 8FA216402101Currentsurplusofgovernmententerprises 7FA216403105Currenttransferreceipts 6FA216150105Incomereceiptsonassets 5FA216601001Contributionsforgovt.socialinsurance 4FA216231001Taxesoncorporateincome 3FA216240001Taxesonproductionandimports 2FA216210001Personalcurrenttaxes 1FA216010105Currentreceipts,NIPAbasis Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.107 StateandLocalGovernments 22 (3) Includedinmiscellaneousliabilities. (2) Debtwithoriginalmaturityof13monthsorless. (1) TableF.5,line65.

Z.1, March11,2021 0821 002019 2020 2019 2018 101-35-. . 5. 4. 685. 6. 47 -60.4 51.0 36.8 -49.1 -51.0 8.0 -5.4 -13.5 -130.1 15 -55.9 -76.7 470.3 -202.7 -222.4 -219.8 33.7 -207.7 -213.7 0. 3. 5. 3. 3. 5. 4. 4. 5. 20 455.5 19 448.4 391.2 449.6 256.7 453.6 816.3 438.5 224.2 433.2 201.1 451.8 142.2 13 431.0 422.1 277.8 407.9 173.0 282.0 268.9 286.7 292.0 297.9 7 300.2 887.4 284.6 875.8 297.7 2 1543.7 518.3 281.3 773.8 506.6 760.6 496.4 756.0 495.8 1020.2 753.0 480.9 722.5 483.9 504.3 489.9 467.8 5. . 732. 583. 901725. 43 51.1 167.2 99.0 31.7 75.8 25.3 87.3 2.4 -53.6 30 136.1 188.7 508.8 -18.3 121.5 29.3 203.8 53.9 -12.4 814. 944. 005. 794. 0345 50.3 49.1 47.9 50.3 50.0 38 39 2.5 13.5 49.5 37 11.9 10.9 49.4 -67.4 54.2 -1.7 68.0 49.4 -22.4 21.9 -8.2 48.1 -10.4 11.3 -63.8 5.6 -67.1 11.6 14.3 3.6 6.3 8.3 -69.9 8.8 8.8 18.3 18.6 22.8 6 98.4 98.0 97.9 97.8 97.6 96.8 98.0 96.8 94.6 34-. 34-. 34-. 34-. 3435 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 -3.4 . . . . 25-. . . . 42 0.4 4.7 8.7 -6.0 36 1.2 12.5 1.2 1.1 34 8.9 1.2 32 2.0 0.5 13.0 1.2 6.8 1.4 29 12.9 1.2 7.5 2.9 -13.6 3.9 1.2 8.8 5.8 0.1 1.2 28 24.4 217.3 4.4 0.5 -4.1 199.8 1.2 5.3 521.4 -0.4 1.7 1.2 -39.1 -0.9 1.5 1.3 147.9 2.1 -0.8 46.4 9.2 0.5 224.8 -0.3 53.9 0.6 9.0 14 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F62903 qiyi ocroaebsns . . . . 15531. 551. 55 56 57 13.0 -2.9 749.7 -5.5 401.5 7.5 537.2 14.6 9.0 841.3 5.3 -81.0 12.5 11.5 -6.0 33.9 8.8 632.4 32.9 202.0 6.9 6.5 -96.5 46 47 5.2 142.5 28.7 -124.0 -22.1 -409.8 37.9 9.5 44 -1231.0 132.9 -270.5 1353.1 441.0 -193.8 -125.5 440.2 1.7 26.9 43 685.5 923.3 -103.0 13.1 1.1 58FA797005005Discrepancy -69.5 536.3 39 40 38 -533.6 72.7 218.1 -221.8 1309.6 57FA793190005Miscellaneousliabilities -4.7 234.9 -1054.3 36 56FA793192005Foreigndirectinvestment inU.S. 252.3 124.8 -1.3 1505.6 1300.9 654.9 266.2 37 55FA662090003Equityinnoncorporate business 275.1 876.1 33 3093.7 4966.4 -2419.2 54FA793178005Taxespayable -431.8 9.8 -43.1 155.4 1083.9 510.4 2320.6 350.9 778.0 196.7 53FA583150005Pensionentitlements -376.8 76.4 649.0 -4.7 793.3 685.9 52FA543140005Lifeinsurancereserves 6037.1 35 5765.2 455.7 547.0 5639.6 51FA793170005Tradepayables 3791.0 701.7 318.6 518.1 -6.8 -248.1 974.4 298.1 2212.2 596.0 50FA653164205Mutualfundshares 246.9 150.0 224.8 55.4 683.5 10177.2 49FA793164105Corporateequities 854.3 189.9 20750.9 1546.2 15.4 530.0 2618.0 32.6 2870.6 48FA123165005Mortgages -99.3 4318.5 47FA793169005Otherloansandadvances 261.3 -354.0 55.0 9385.5 46FA793168005Depositoryinstitutionloansn.e.c. 315.4 45FA794123005Loans 3176.1 0.2 1506.2 25 44FA793163005Corporateandforeignbonds 270.8 43FA423161705Agency-andGSE-backedsecurities 41.4 42FA793169175Openmarketpaper -51.1 24 41FA794122005Debtsecurities -11.7 -297.7 -1478.4 22 464.6 1042.8 40FA792150005Federalfundsandsecurityrepos -806.4 39FA634090005Moneymarketfundshares -71.8 127.6 1123.6 38FA703130005Timeandsavingsdeposits 1317.7 -778.5 37FA793120005Checkabledepositsandcurrency 2594.0 384.0 80.8 -54.0 15 20 36FA794110005Netinterbankliabilities -101.4 14 1146.5 59.6 8 -142.4 -14.7 123.3 977.6 -158.2 35FA794190005Netincreaseinliabilities 0.1 -177.5 534.2 -197.4 218.4 404.4 1411.5 16 -78.2 34FA793090005Miscellaneousassets 383.7 822.5 1107.1 0.1 507.4 143.0 13 33FA793092005U.S.directinvestmentabroad -80.9 -17.4 457.8 -38.5 281.0 32FA543050005Pensionentitlements 28.2 280.3 31FA793040005Lifeinsurancereserves 0.1 87.3 -314.7 218.6 335.5 -3024.4 30FA793070005Tradereceivables 4 83.8 1463.9 -616.6 1160.6 -28.0 -3.0 0.1 -101.7 29FA793064205Mutualfundshares 1237.7 147.7 116.6 28FA793064105Corporateequities -119.7 1189.7 151.2 2.7 -21.4 -0.0 67.7 -303.8 62.2 27FA793066005Consumercredit -52.2 579.7 26FA793065005Mortgages 22.2 -0.7 0.1 3.6 6 191.1 25FA793069005Otherloansandadvances 434.6 5 -120.4 24FA793068005Depositoryinstitutionloansn.e.c. 5.9 71.0 0.1 289.5 7 23FA794023005Loans 492.8 5519.3 279.9 -92.6 8.0 -135.1 22FA793063005Corporateandforeignbonds 0.1 1467.2 21FA793062005Municipalsecurities 241.2 -26.4 10042.1 20FA793061705Agency-andGSE-backedsecurities 20724.5 8.0 279.8 0.0 19FA793061105Treasurysecurities 24.5 2642.5 18FA793069175Openmarketpaper 290.4 4496.4 1.3 17FA794022005Debtsecurities 177.9 9438.3 289.8 1 3340.3 52.7 16FA792050005Federalfundsandsecurityrepos 7.1 427.3 272.6 15FA793034005Moneymarketfundshares 1679.1 164.3 14FA793030005Timeandsavingsdeposits 377.5 288.0 3.5 13FA793020005Checkabledepositsandcurrency 172.9 365.1 272.6 12FA794010005Netinterbankassets 396.4 11FA633091003Foreigndeposits 347.4 10FA713012003Treasurycurrency 9FA713014003SDRcertificates 406.1 8FA713011005U.S.officialreserveassets 391.6 7FA794090005Netacqisitionoffinancialassets 370.3 6FA795000005Netlending(+)ornetborrowing(-) 281.9 5FA795013005Fixednonresidentialinvestment 4FA125012063Fixedresidentialinvestment 3FA795019005Capitalexpenditures 2FA795090005Grossinvestment 1FA796000105Grosssavinglessnetcapitaltransferspaid Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.108 DomesticFinancialSectors(1) (1) SumoffinancialsectorsshownontablesF.109 throughF.132. 0821 002019 2020 2019 2018 170-916. 6. 44171296-9. 6. 58 261.1 -397.9 259.6 137.1 24.4 -69.5 65.0 -89.1 -167.0 29 -235.8 28 -453.0 -349.7 -428.2 -91.6 -569.3 -327.2 171.5 -326.8 -415.2 122.2 -83.0 -251.1 -319.7 -129.6 -138.7 -105.4 -136.2 12 920.6 -243.2 1246.5 4102.3 500.7 27.5 1506.5 -5.6 -388.1 3. 2. 0. 7. 4. 6. 5. 9. 8. 53 381.3 398.4 254.7 49 567.7 644.1 342.7 465.4 478.7 627.3 400.5 280.8 424.6 173.5 338.5 205.1 504.4 41 1088.8 209.7 312.6 198.5 121.8 2222.5 273.6 32 7.0 499.8 936.4 7.8 34 440.8 481.6 -5.5 357.3 -542.6 34.8 1190.8 3770.5 4.7 386.0 36.0 12.2 26 827.1 1225.1 11.0 785.9 860.8 7.7 120.3 558.3 23 829.8 702.7 100.1 39.1 540.2 -1085.9 740.6 4307.8 737.2 637.7 19 1417.8 598.0 204.0 1392.3 17 576.6 1022.7 3363.7 10428.7 829.5 3945.8 3671.0 1492.4 754.0 12860.3 5362.4 2240.7 1633.3 4296.1 2891.1 673.4 6314.3 722.6 1131.8 989.7 3 286.5 2 282.6 166.2 240.5 775.4 285.7 105.4 298.4 259.3 297.7 323.0 273.8 475.6 295.1 326.6 276.0 459.4 448.9 1. . . . 6237-. . 1048 -1.0 8.0 50 138.8 -8.4 106.2 61.4 3.7 45 -1223.8 17.5 16.2 350.4 114.5 -424.0 2.2 -1509.9 -229.3 1797.8 0.6 208.0 -107.6 -63.4 42.2 1.9 -29.6 -15.8 -69.0 -10.7 31 24.5 21.5 3.4 28.1 14.1 22.4 19.4 21 17.4 112.8 -28.3 191.2 125.3 44.5 80.9 107.4 118.4 68.6 -47.6 333. 327. 02133-446. 9252 69.2 64.8 -44.4 123.3 -0.2 75.1 53.2 42 32.6 31.7 -29.9 43.3 -96.7 31.4 -2.7 -86.0 -15.7 -33.2 30 26.7 33.9 -10.6 7.1 104.8 27 29.5 -3.6 35.8 8.3 -293.4 32.0 -31.7 88.5 13.8 118.5 18.5 -64.9 103.2 94.5 071. 1. 362. 4. 48-62-5854 -15.8 -26.2 51 30.8 24.8 4.8 -40.7 -1.1 22.8 109.7 33.6 -0.4 -14.5 33.6 12.9 36.0 -0.7 15.0 -4.2 11 -0.7 -4.9 -6.6 -14.5 13.8 7.1 -6.7 5.8 -2.2 . 3. 8. 2991. 190-2. 1. 2. 18 222.1 -13.6 10 9 0.3 -422.8 0.0 -119.0 0.5 17.8 0.0 -209.9 0.3 0.0 -83.3 0.4 -38.7 0.0 0.6 0.3 0.0 0.3 0.0 0.4 0.0 0.3 0.0 0.4 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 23

Transactions Transactions 7 F73603 eea eev aksok09-. . . 32110215-. 47 -0.1 46 0.0 1.5 0.0 0.2 6.0 1.1 0.0 -3.2 0.0 0.4 42 43.3 0.0 0.7 -110.9 43 1.5 -0.6 39 -1344.5 35.2 48.3 929.7 0.9 38 0.0 -0.4 48.9 93.1 87.1 37 34 0.0 36 -264.3 -107.1 -88.0 -1135.8 0.0 -65.8 -264.3 883.3 32 65.7 392.4 65.8 -120.6 0.0 -1.0 -312.2 228.1 -17.0 32.6 4937.5 33 434.4 4938.5 45.9 1.7 -149.0 0.0 559.5 50.1 558.9 16.1 -259.9 -54.4 -9.6 333.1 -31.5 -9.6 0.0 31 95.6 3.3 22.2 49FA717005005Discrepancy 1006.7 30 4914.8 25 360.2 94.2 1214.3 -175.2 360.2 -1.1 82.8 1659.6 0.0 -277.7 48FA713193005Other 35.9 194.8 24 1324.6 28 1251.0 92.1 14.1 1324.7 47FA713164003FederalReserveBankstock 4.5 -24.0 19.3 -3.3 1.7 4644.8 3701.7 46FA313094213TreasurycontributionstoMMLF 2.1 1.7 0.0 513.3 45FA713190005Miscellaneousliabilities 4.0 6279.0 -812.0 486.4 18.5 60.6 173.2 845.3 -523.2 1738.4 -6.8 173.2 0.0 23.2 44FA712151115Other(12) 15.8 14.8 0.0 89.6 1415.8 538.7 43FA712151103Reverserepurchaseagreementoperations(11) 1446.1 42FA712151003Securityrepurchaseagreements 11.0 0.0 3083.2 1.4 0.0 259.5 21 -7.1 0.0 82.1 116.4 41FA713125005Currencyoutsidebanks 3.8 0.0 20 4.9 0.0 -393.1 -386.6 0.0 0.0 3.0 40FA713122605Duetorestoftheworld 14.2 39FA713129005Duetootherfinancialbusiness(10) 0.0 38FA713124005Duetogovernment-sponsoredenterprises 40.7 -0.0 -111.1 19 -0.5 37FA713123043Treasurytemporarysupplementaryfinancingaccount 237.1 17 234.9 36FA713123030Treasurygeneraldepositaccount 995.2 9.4 0.0 -0.0 303.8 -7.9 35FA713123023Treasurycashholdings 0.0 999.3 18 34FA713123005Duetofederalgovernment 1909.0 -0.0 237.1 0.0 0.0 10 4134.5 -7.6 203.7 0.0 33FA713120005Checkabledepositsandcurrency 12 303.8 3452.4 -0.0 0.0 0.0 -243.2 -31.4 209.0 1909.0 32FA703025005Vaultcashofdepositoryinstitutions 52.2 -270.8 31FA713113003Depositoryinstitutionreserves -0.0 203.7 -231.8 -17.5 -63.2 663.4 0.0 -243.2 -819.1 30FA714190005Netincreaseinliabilities -0.0 2395.4 110.2 -236.5 -270.8 28.4 -69.3 0.0 29FA713093005Other 0.0 -134.2 -0.1 663.4 2 28FA713091103Nonofficialforeigncurrencies(9) 212.5 -243.3 27FA713090005Miscellaneousassets 0.7 -236.6 0.0 -2.0 810.0 26FA713064103Corporateequities(8) -136.2 -255.6 0.7 2.0 25FA713068505Otherfinancialbusiness(7) 255.6 24FA713068863Financecompanies(PPPLF)(4) 23FA713068665Brokersanddealers(6) 0.7 0.0 0.0 22FA713068813Households(TALFI)(5) 3 21FA713068005Loans(depositoryinstitutionloansn.e.c.) 0.7 0.0 1214.2 20FA713061703Otheragency-andGSE-bakedsecurities 194.9 19FA713061903Mortgage-backedsecurities 0.7 4644.8 18FA713061705Agency-andGSE-backedsecurities 17FA713061125OtherTreasurysecurities 6279.0 0.7 16FA713061113Treasurybills 845.3 15FA713061103Treasurysecurities 14FA713069603Openmarketpaper 538.7 0.7 13FA714022005Debtsecurities 3083.2 0.7 116.4 12FA712051000Securityrepurchaseagreements -389.8 0.6 11FA713068725PPPLFloans(4) 10FA763069143AMLFandMMLFloans(3) 9FA713068703Discountwindow(2) 8FA713068705Interbankloans 7FA713022003FederalReservefloat 6FA713012003Treasurycurrency 5FA713014003SDRcertificates 4FA713011005U.S.officialreserveassets 3FA714090005Netacquisitionoffinancialassets 2FA715013005Fixednonresidentialinvestment 1FA716000105Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.109 MonetaryAuthority(1) 24 (12) Includesreverserepurchase agreementsconductedthroughtheFederal Reserve’sForeignRepoPool. (11) Reverserepurchaseagreements(RRPs)conducted aspartoftheFederalReserve’sOvernightRRPOperationalExercise(beginning2013:Q3) andtermRRPoperations(beginning2014:Q4). (10) Depositsofdesignatedfinancialmarketutilities (DFMU)anddepositsofFederalReservefacilityLLC’sspecialpurposevehicles. (9) Reciprocalcurrencyarrangements(swaplines) withforeigncentralbanks. CompanyLtd(AIA)andAmericanLifeInsurance Company(ALICO),twolifeinsurancesubsidiariesofAIG.Seriesiszeroafter2010:Q4. (8) PreferredinterestsinAIAAuroraLLCandALICO HoldingsLLC,twolimitedliabilitycompaniescreatedtoholdalltheoutstandingcommon stockofAmericanInternationalAssuance (7) LoansextendedtoFederalReservefunding,credit, andliquidityfacilityspecialpurposevehiclescreatedinresponsetothe2008FinancialCrisis andCOVID-19pandemic. (6) LoansextendedthroughtheFederalReserve’s PrimaryDealerCreditFacility(PDCF),AMLF(2008-2010),andMMLF(2020). (5) Loansextendedtofinancialinstitutionssuch as domestichedgefundsthroughthe2008TermAsset-BackedSecuritiesLoanFacility(TALFI). (4) Loansextendedtodepositoryinstitutions(line11)andfinancecompanies24)throughthe PaycheckProtectionProgramLiquidityFacility(PPPLF). 2020MoneyMarketMutualFundLiquidityFacility(MMLF).TheAMLFwasdissolvedin2010:Q1. (3) FederalReserveloansextendedtoU.S.-chartereddepositoryinstitutionsthroughthe2008-2010 Asset-BackedCommercialPaperMoneyMarketMutualFundLiquidityFacility(AMLF)andthe (2) FederalReserveloansextendedtoU.S.-chartereddepositoryinstitutionsthroughtermauction credit,primarysecondaryandseasonalcredit. (1) AssetsandliabilitiesofFederalReserveBanksTreasurymonetaryaccountsthatsupplyor absorbbankreserves.ExcludestheaccountsofFederalReserveBoard.

Z.1, March11,2021 0821 002019 2020 2019 2018 2339. 5326389047. 17310. 9. 15 996.9 1000.5 4137.3 13 4077.9 1234.0 859.0 1304.3 6046.3 6.3 4281.5 615.8 2553.2 99.1 -264.5 3216.5 -243.3 -137.5 -379.5 1. 222. 751. 473-9. 814-7127 -17.1 -811.4 -498.7 1427.3 16.6 -7.5 25.0 -2.2 -10.8 781. 6. 10-3. 64-0. 1058144 8.1 -110.5 -208.7 41 163.2 46.4 273.5 -135.0 401.3 61.0 224.5 -66.2 102.7 10.4 100.0 17.8 265.6 87.0 96.4 00-. 67-. 004. 471. 1740 11.7 10.8 -4.7 48.9 -0.0 -0.2 16.7 29 6.9 -0.1 0.5 -0.0 24.4 11.5 5.6 -11.3 10.9 -1.7 -3.0 9 8 -7.5 -88.2 -14.9 -67.3 -167.6 27.3 196.2 306.4 -0.3 -0.3 -0.0 -0.0 1.6 44.5 -0.0 -0.0 -0.1 -0.1 . 31-. 35-39-. 34-. 3349 -3.3 -3.4 48 -3.4 119.4 144.7 -3.3 45 119.3 -151.2 -13.9 -107.4 146.2 162.7 -3.5 -145.0 85.8 -106.4 -3.3 159.6 1.4 -3.1 86.2 35 0.5 0.0 5.0 3.5 1.1 -0.2 -0.1 -1.0 2.0 0.6 -0.0 26 0.0 -0.0 -0.1 0.0 22 -0.0 0.0 0.0 23 0.0 -5.2 0.0 0.0 -34.7 0.0 0.0 -186.4 234.9 0.0 0.0 14 0.0 0.0 0.0 0.0 16 1.7 0.0 0.0 0.0 0.0 1.2 2.1 0.0 0.0 0.0 2.8 11 0.0 0.0 -73.1 0.0 7 625.5 -21.1 3.0 6 0.0 0.0 5 650.0 0.0 0.3 258.1 0.0 4 -2.4 0.0 23.8 0.0 0.1 0.5 0.0 -0.3 157.8 0.0 0.0 0.1 0.3 168.5 -0.0 0.0 0.0 0.0 0.0 0.1 0.4 0.4 0.0 0.0 41.0 1 0.1 0.3 0.3 -2.7 0.0 0.0 -0.0 0.3 -2.7 0.1 0.0 0.0 0.1 0.4 -2.7 0.1 0.0 0.1 -2.7 0.3 0.2 0.0 0.1 -13.2 0.4 0.0 -2.8 0.0 -2.7 -2.4 2.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 F73633 osmrlae o nlddaoe()120803170209-. . 0141 -0.1 0.9 -0.4 0.9 35 0.2 3.2 37 38 1.7 4.5 183.1 -36.3 63.9 -41.7 0.3 0.1 -43.7 502.4 0.8 -2.4 61.0 11.4 4.5 1.2 117.7 3.2 32 -41.1 -2.5 -231.6 -14.5 202.6 -279.0 1.4 28 -27.6 -1144.1 -71.9 103.0 709.5 -3.5 1.7 4.8 125.4 27 42FA703139105Uninsureddeposits(3) -101.3 1309.6 -405.7 43.4 -112.9 7.1 252.3 41FA763066303Consumerleasesnotincludedabove(2) 347.5 22 -236.3 -11.1 4966.4 -8.1 24 Memo: -97.8 2320.6 1679.1 -13.6 -6.3 649.0 11.3 167.4 40FA707005005Discrepancy 11.0 547.0 -1.2 3641.2 39FA703193005Other 38FA753194503Investmentbyotherfinancialbusinesses 3.1 2212.2 7876.9 70.3 37FA763194735Investmentbyholdingcompanies 683.5 831.3 36FA703190005Miscellaneousliabilities 20.5 -76.2 530.0 830.6 35FA753192003ForeigndirectinvestmentinU.S. 24.0 3302.2 34FA763178003Taxespayable(net) 831.1 33FA763164103Corporateequityissues -2.7 559.5 32FA703169005Loans(otherloansandadvances) 9.6 13 -134.8 31FA763163005Corporatebonds 15 30FA703169175Openmarketpaper -379.8 116.5 1.4 29FA704122005Debtsecurities -809.4 43.4 28FA702150005Federalfundsandsecurityrepos 238.7 35.9 11 2359.1 27FA703130005Timeandsavingsdeposits 1155.2 80.8 26FA703127005Checkabledeposits -69.0 759.0 7 20.9 123.3 374.3 25FA704110005Netinterbankliabilities 109.8 6 352.2 482.8 -112.7 1006.7 15.2 24FA704190005Netincreaseinliabilities -175.2 816.0 143.0 28.9 2 23FA703090005Miscellaneousassets 23.8 1251.0 -316.4 55.6 280.3 22FA763092000U.S.directinvestmentabroad 164.3 3701.7 4 9.1 -38.2 486.4 53.9 692.8 3 21FA763040005Lifeinsurancereserves 1644.7 -34.5 570.4 23.2 -91.0 115.1 20FA703064205Mutualfundshares 29.0 1 559.1 19FA703064105Corporateequities 3366.4 52.4 124.2 66.9 1446.1 52.3 7329.7 -274.8 -7.1 36.3 18FA703066005Consumercredit 68.5 721.8 17FA703065005Mortgages -547.2 60.1 -393.1 16FA703069005Otherloansandadvances 211.3 864.4 -109.5 31.5 15FA703068005Depositoryinstitutionloansn.e.c. 59.4 33.8 3227.8 14FA704023005Loans -0.1 761.0 47.7 -74.4 13FA703063005Corporateandforeignbonds 417.5 25.5 12FA703062005Municipalsecurities 58.6 -70.1 11FA703061705Agency-andGSE-backedsecurities 15.3 10FA703061105Treasurysecurities -142.0 55.3 9FA703069175Openmarketpaper 41.7 8FA704022005Debtsecurities -7.1 7FA702050005Federalfundsandsecurityrepos 6FA713113003ReservesatFederalReserve 5FA703025005Vaultcash 31.8 4FA704090005Netacquisitionoffinancialassets 3FA705000005Netlending(+)ornetborrowing(-) 2FA705013005Fixednonresidentialinvestment 1FA706000105Grosssavinglessnetcapitaltransferspaid Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.110 PrivateDepositoryInstitutions(1) (3) Includescheckabledeposits(line26)andtimesavings27)notinsuredbythe FederalDepositInsuranceCorporationortheNationalCreditUnionShareFund. Theleasedautomobileisanonfinancialasset;depreciationincludedinline1,andfixedinvestment isincludedinline2. (2) Receivablesfromoperatingleases,suchasconsumerautomobilearebookedcurrent incomewhenpaymentsarereceivedandnotincludedinfinancialassets(orhouseholdliabilities). (1) U.S.-chartereddepositoryinstitutions(F.111),foreignbankingoffices(F.112),banksinU.S.-affiliated areas(F.113),andcreditunions(F.114). 0821 002019 2020 2019 2018 0. 1. 72972984929. 31725218. 42 1480.9 255.2 40 45.7 2361.7 2993.9 -544.5 814.9 277.3 712.9 494.8 1772.9 74.9 518.3 -77.9 201.3 68.3 4.4 118.5 18 21.4 17 -100.2 -6.3 108.2 -314.4 14 83.8 -458.6 -10.2 -707.4 256.9 84.0 8.1 258.3 10 94.5 119.3 204.2 2605.8 -77.4 340.6 87.2 423.0 102.2 850.1 446.7 214.9 113.3 -69.5 362.0 170.3 60.8 460.1 563.9 264.8 303.9 126.7 124.3 6. 99-0. 166-64219-5. 335-. 39 -3.6 36 -323.5 143.2 -352.7 -301.3 261.9 106.1 -76.4 334.3 -146.6 44.5 -104.5 -202.2 19.9 70.6 -60.6 119.4 -12.4 23 -166.9 331.6 51.2 538.8 -248.3 8.5 188.7 18.0 12 50.0 -70.5 53.6 53.9 131.3 -11.5 -3.8 72.2 -29.1 -40.0 23-872. 4. . 651. 662. 31 21.9 30 29 14.9 36.9 16.6 -8.5 8.1 19.3 -13.3 46.5 6.0 96.9 1.1 143.4 -6.3 -5.2 26 -41.2 830.2 -36.4 25 26.1 -77.6 -350.9 445.0 22.5 -258.3 48.6 -18.7 1122.3 -21.4 -1022.8 2131.4 12.3 1969.2 -40.0 205.9 14.7 17.6 27.0 341.0 122.8 1132.2 84.3 171.7 55.9 -93.6 34.1 8 1157.5 1236.7 1256.6 692.5 10.4 446.2 1085.8 237.0 98.7 5214196939-. . . . 33 9.1 4.9 3.0 -9.5 3.9 6.9 1.9 1.4 -5.2 20 1.3 0.1 -2.7 1.8 -2.3 -0.4 0.1 -1.8 -5.5 . 45-154. 05-7098971334 1.3 9.7 9.8 -67.0 20.5 40.8 -11.5 14.5 5.4 21 8.2 7.1 19 -1.3 5.3 2.3 16 0.0 3.6 1.4 0.0 7.3 4.6 0.0 5.8 1.5 0.0 6.1 -2.7 9 0.0 6.7 -7.5 1.7 0.0 -33.0 3.9 0.8 5 -65.1 0.0 -1.0 2.5 112.0 0.0 1.7 1.1 0.0 -31.5 0.0 94.2 1.6 14.1 0.5 4.0 0.2 15.8 1.4 4.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 25

Transactions Transactions 5 F73633 osmrlae o nlddaoe()120803170209-. . 0155 -0.1 0.9 -0.4 0.9 0.2 52 183.1 1.7 63.9 0.3 502.4 61.0 0.8 48 -213.6 117.7 1.2 44 -267.8 -41.1 -32.5 -1094.8 202.6 667.1 -45.8 43 103.0 -93.6 1227.9 -2.5 225.8 4.8 -124.1 96.4 4357.4 -227.3 56FA763139105Uninsureddeposits(2) 2470.9 -53.1 -92.3 348.2 55FA763066303Consumerleasesnot includedabove(1) 105.6 -9.2 582.4 Memo: 3.9 36 2070.5 -87.8 510.9 54FA767005005Discrepancy 31 23.9 -67.3 -11.1 491.9 53FA763193005Other 25.3 -27.3 -13.6 52FA763194735Investmentbyholdingcompanies 51FA763190005Miscellaneousliabilities 11.0 306.4 50FA763178003Taxespayable(net) 49FA763164103Corporateequityissues -0.3 3.1 48FA763169305Loans(otherloansandadvances) -0.0 20.5 47FA763163005Corporatebonds 44.1 46FA763169175Openmarketpaper 24.0 45FA764122005Debtsecurities -0.0 -2.7 44FA762150005Federalfundsandsecurityrepos -0.1 43FA763130005Timeandsavingsdeposits 9.6 24 -279.1 42FA763122605Restoftheworld -579.5 1.4 41FA763129205Privatedomestic 40FA763123005Federalgovernment 464.0 39FA763127005Checkabledeposits 17 21 -122.6 1734.5 20 -1.2 19 -3.0 0.1 38FA764116005Toforeignbanks 51.0 130.8 18 37FA764112005Todomesticbanking -6.8 -2.0 134.4 -0.2 36FA713068715BorrowingfromFederalReservebanks 117.1 0.5 35FA713022003FederalReservefloat -134.5 -2.0 335.0 -1.8 34FA764110005Netinterbankliabilities 9.1 -6.5 0.2 14 98.8 8.4 13 33FA764190005Netincreaseinliabilities -0.4 49.4 13.0 199.8 20.6 12 0.0 253.4 32FA763090005Miscellaneousassets 75.9 70.1 1.2 -0.0 90.5 -0.6 10 31FA763092000U.S.directinvestmentabroad 2.1 11 1050.3 1.4 30FA763040005Lifeinsurancereserves 40.1 39.9 682.0 116.0 1.4 3.5 652.6 1.1 44.1 415.0 29FA763064203Mutualfundshares 47.0 45.8 58.2 1.4 243.1 -0.4 6 28FA763064105Corporateequities 3.3 4.7 -37.9 5 52.6 160.8 1.2 466.5 25.4 26.6 2 1087.0 0.2 27FA763066000Consumercredit 2.3 -0.7 377.8 -248.7 12.7 42.0 1.9 26FA763065005Mortgages -196.3 18.6 32.9 17.0 25FA763069703Otherloansandadvances 916.1 0.6 3.1 1962.5 3.3 1.6 138.2 40.7 24FA763068005Depositoryinstitutionloansn.e.c. 21.7 -6.3 54.4 3 2276.5 113.4 -108.9 23FA764023005Loans 603.1 1 1712.4 -1.0 110.2 276.7 16.3 104.6 1.8 -1.3 46.8 20.3 44.6 562.0 22FA763063095Other 102.7 381.9 125.8 -176.2 21FA763063693PrivatecommercialCMOsandotherstructuredMBS 38.8 20.9 4280.3 15.3 7.5 45.9 66.8 20FA763063663PrivateresidentialCMOsandotherstructuredMBS 90.8 1282.4 179.8 5155.3 19FA763063653Privatecommercialmortgagepass-throughsecurities 46.5 18.9 20.6 -24.3 8.9 18FA763063673Privateresidentialmortgagepass-throughsecurities 603.3 31.2 17FA763063005Corporateandforeignbonds 45.8 -273.5 160.3 804.6 16FA763062000Municipalsecurities -24.6 15FA763061795Other 34.4 2927.5 14FA763061403CommercialCMOsandotherstructuredMBS 1.8 633.9 13FA763061603ResidentialCMOsandotherstructuredMBS 45.0 12FA763061503Commercialmortgagepass-throughsecurities 349.2 -8.8 11FA763061803Residentialmortgagepass-throughsecurities 41.3 10FA763061705Agency-andGSE-backedsecurities 18.7 9FA763061100Treasurysecurities 8FA763069175Openmarketpaper -31.2 7FA764022005Debtsecurities 8.4 6FA762050005Federalfundsandsecurityrepos 5FA763013005ReservesatFederalReserve 4FA763025000Vaultcash 3FA764090005Netacquisitionoffinancialassets 2FA765013005Fixednonresidentialinvestment 1FA766000105Grosssavinglessnetcapitaltransferspaid Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.111 U.S.-CharteredDepositoryInstitutions 26 (2) Includescheckabledeposits(line39)andtime andsavingsdeposits(line43)notinsuredbytheFederalDepositInsuranceCorporation. Theleasedautomobileisanonfinancialasset; depreciationisincludedinline1,andfixedinvestment2. (1) Receivablesfromoperatingleases,suchasconsumer automobileleases,arebookedascurrentincomewhenpaymentsreceivedandnot includedinfinancialassets(orhouseholdliabilities).

Z.1, March11,2021 0821 002019 2020 2019 2018 9. 9. 79776169327. 04635815. 56 1559.7 305.8 2034.6 2978.5 619.3 786.1 1719.7 399.2 199.3 33 1669.6 80.3 4315.4 5701.7 592.4 26 707.6 -109.5 2941.8 65.8 694.7 31.1 448.5 23 -383.8 177.8 -524.1 203.8 171.7 157.9 1881.0 41.3 333.5 373.1 171.8 286.2 122.2 359.6 438.1 4. 72-1. 1412. 71-2. 2106. 53 61.4 51 -271.0 244.4 -325.0 -207.1 57.1 177.4 28.7 118.1 -104.1 146.4 -119.4 -145.3 47.2 83.2 -43.3 150.2 -38.5 38 -252.3 -86.3 34 -350.5 164.3 -32.6 -12.5 -92.9 54.0 32 481.0 -226.0 -97.7 360.4 21.8 -46.7 65.6 26.8 -13.1 421.1 1.3 -21.9 -217.2 -13.8 29.0 -31.1 155.3 20.4 22 -116.5 -59.0 139.1 127.6 16 48.4 -157.0 -10.7 49.5 13.4 50.2 -1.7 127.7 37.8 -15.4 -2.2 -32.7 68.9 -29.5 -39.8 64-54-. 116-574312. 464-0254 -40.2 -476.4 27.7 483.1 47 -55.7 21.9 46 -151.6 22.0 45 16.6 44.0 -1.5 20.2 19.3 36.8 -15.4 18.0 46.5 37.2 66.4 42 46.5 -25.8 1.1 93.0 -36.6 -1.3 -0.1 -41.2 41 -88.9 725.0 -41.0 26.1 -82.2 39 53.3 354.7 26.7 739.5 52.7 -18.7 936.1 -0.5 356.3 -19.1 12.3 1783.1 -37.8 920.7 -9.2 12.0 184.7 24.2 1851.7 294.2 -24.5 198.4 949.7 10.2 296.7 121.6 967.1 15.0 31.1 137.8 38.3 27 4.8 -10.4 -323.4 -31.2 78.6 98.1 -90.1 89.0 62.5 9 111.2 372.1 7 816.7 1079.6 10.2 1173.5 1181.2 73.5 580.0 265.4 64.2 327.5 421.9 125.6 1003.6 87.3 242.8 76.4 5214196939-. . . . 49 9.1 4.9 3.0 -9.5 3.9 6.9 40 1.5 1.9 2.0 1.4 0.9 -5.2 -0.2 37 -13.5 -1.1 123.5 -282.2 1.4 187.2 1.1 -32.4 29 -0.1 124.2 -0.1 -0.2 3.8 -0.1 -2.9 -0.9 0.1 -9.2 -1.9 -0.2 -0.8 -2.1 15 -5.9 43.2 36.9 -11.3 -42.0 -36.8 -43.6 6.7 -31.1 -7.8 . 45-154. 05-7098971350 1.3 9.7 9.8 -67.0 20.5 40.8 -11.5 14.5 5.4 35 3.0 -2.4 -0.3 30 8.2 -0.0 7.1 28 0.4 -1.3 5.3 0.3 2.3 25 0.0 3.6 0.1 1.4 0.0 7.3 0.1 4.6 0.0 5.8 0.2 1.5 0.0 6.1 -2.7 0.0 6.7 1.7 0.0 3.9 0.8 0.0 2.5 0.0 8 0.0 -7.6 -31.4 4 -63.2 -1.0 110.2 1.7 0.0 -31.5 0.0 94.2 2.0 14.1 0.0 4.0 0.0 15.8 1.4 4.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F73903 oeg ietivsmn nUS . . . 2545-. . . . 27 3.2 4.5 29 -36.3 26 0.1 -7.1 -41.7 -28.6 -43.7 -2.4 25 -39.4 -31.2 11.4 4.5 171.2 50.5 3.2 -2.5 -403.2 -5.1 251.1 -14.5 1.4 4.6 45.0 -27.6 1.7 -3.5 61.8 -4.1 7.1 -5.1 43.4 -2.3 32FA753139105Uninsureddeposits(2) 46.4 2.7 Memo: -48.9 14 31FA757005005Discrepancy -70.7 12 -17.4 -239.9 30FA753193005Other 10 20.5 29FA753194503Investmentbyotherfinancialbusinesses -15.9 -247.5 28FA753190005Miscellaneousliabilities 627.5 -10.7 -85.4 27FA753192003ForeigndirectinvestmentinU.S. 6.1 4.6 145.9 26FA753169175Debtsecurities(openmarketpaper) -62.6 -8.5 6 17.3 -49.9 2 25FA752150005Federalfundsandsecurityrepos -13.1 17.4 5 6.4 5.6 135.8 6.8 24FA753130005Timeandsavingsdeposits -188.5 23FA753127005Checkabledeposits 25.5 -99.9 19.8 6.2 24.3 -29.1 22FA754112005Todomesticbanks 32.1 -207.4 -916.8 3 7.9 21FA754116005Toforeignbanks 6.0 -0.6 -95.5 -353.6 1278.9 20FA754110005Netinterbankliabilities 193.9 8.9 -162.5 85.0 6.4 19FA754190005Netincreaseinliabilities -1417.8 -72.6 -55.4 1917.3 -2.5 18FA753093005Miscellaneousassets 6.4 48.3 -14.7 17FA753064103Corporateequities 60.0 6.4 -9.3 -44.5 16FA753065005Mortgages 50.9 15FA753069703Otherloansandadvances -111.4 -4.2 14FA753068005Depositoryinstitutionloansn.e.c. 6.3 13FA754023005Loans 17.2 6.4 12FA753063005Corporateandforeignbonds 11FA753062003Municipalsecurities -14.5 5.6 10FA753061703Agency-andGSE-backedsecurities 9FA753061103Treasurysecurities 8FA753069603Openmarketpaper 7FA754022005Debtsecurities 6FA752050005Federalfundsandsecurityrepos 5FA753013003ReservesatFederalReserve 4FA753025003Vaultcash 3FA754090005Netacquisitionoffinancialassets 2FA755013005Fixednonresidentialinvestment 1FA756330005Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.112 ForeignBankingOfficesinU.S.(1) (2) Allcheckabledeposits(line23)andtimesavings24)areconsidereduninsuredaccordingtotheFederalDepositInsuranceAct. (1) Branchesandagenciesofforeignbanks,EdgeActAgreementcorporations,NewYorkinvestmentcompanies(through1996:Q2),AmericanExpressBank2008:Q4). 0821 002019 2020 2019 2018 1. 2. . 2. 117137-61-49-6030 -66.0 -34.9 -36.1 173.7 -101.7 -23.2 9.2 -28.2 -16.4 18 -16.8 -21.2 -75.9 105.1 -24.9 -36.2 -2.2 3.4 -20.4 341. 346. 3. 90231-699. 31 96.7 -56.9 263.1 28 -9.0 -102.2 -76.6 132.4 -79.8 68.4 185.1 73.4 -98.5 16.5 -37.7 53.4 -18.4 21 20 -31.7 -23.4 0.3 27.0 -177.1 -198.9 -907.1 19 -255.9 -905.1 1411.7 -218.5 1.6 1421.6 -1153.9 -2.4 1909.5 152.8 13 119.1 133.7 -72.9 76.0 60.4 79.5 -241.9 -70.2 9 70.3 -250.6 -78.8 -28.5 70.8 636.2 35.1 61.5 -28.4 5.4 7 40.3 6.3 -25.4 1.6 -55.0 -58.7 17.7 -74.6 -36.5 104.5 28.4 1.6 -93.5 40.1 -27.4 12.9 -9.9 -12.6 29.4 -30.1 26.4 929. 71-9615537253-00-1. 32 -110.7 -90.0 265.3 3.7 175.5 -99.6 17.1 99.7 -9.2 23 22 -7.1 23.7 24 -103.6 47.1 -21.8 -137.1 2.0 32.6 232.7 -198.1 201.8 9.9 197.1 -21.6 -4.0 -86.1 -13.4 -51.5 -19.1 68.6 89.0 3.4 10.7 -2.0 -8.6 -7.2 -9.3 ...... 17 0.0 15 0.0 16 0.0 -2.2 0.0 0.0 -2.0 11 0.0 -3.1 0.0 0.0 8 0.0 8.7 0.0 0.0 0.0 0.0 -0.7 0.0 0.0 0.0 10.1 0.0 0.0 0.0 0.0 4 0.4 -0.0 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 1 8.1 0.0 0.0 0.0 5.3 0.0 0.0 0.0 5.2 0.0 0.0 0.0 5.2 0.0 0.0 5.2 0.0 0.0 5.1 0.0 5.1 0.0 5.2 5.0 4.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 27

Transactions Transactions 1 F73605 eoioyisiuinlasnec . . . 181. . . 62-. 11 9 -6.1 5.4 12 -0.9 -6.2 -0.2 1.4 7 6.6 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 11.4 -4.0 F.114 CreditUnions 4 1.5 7.7 13.2 -5.2 13.9 2 -0.7 10.7 3 8.0 (2) Includescheckabledeposits(line17)andtimesavings18)notinsuredbytheFederalDepositInsuranceCorporation. 10.5 -0.9 0.2 (1) CommercialbanksandbranchesofU.S.-chartereddepositoryinstitutionslocatedinPuertoRico,theU.S.VirginIslands,AmericanSamoa,Guam,otherU.S.-affiliatedinsularareas. -2.5 -0.8 -1.8 21.4 -4.3 12.9 0.2 21FA743139105Uninsureddeposits(2) 12.6 -1.0 0.5 14.5 3.8 0.9 Memo: 35.9 0.2 0.3 -11.6 5.0 7.7 -2.5 20FA747005005Discrepancy 1.7 0.2 8.9 -0.9 0.5 19FA743193005Miscellaneousliabilities 7.1 -0.1 -9.6 18FA743130003Timeandsavingsdeposits 0.2 10.3 -1.2 17FA743127003Checkabledeposits -0.3 19.2 16FA744110005Netinterbankliabilities -1.7 0.2 -0.1 11.9 15FA744190005Netincreaseinliabilities -1.7 0.2 3.5 14FA743093005Miscellaneousassets 0.2 13FA743065505Commercialmortgages 3.5 12FA743065103One-to-four-familyresidentialmortgages 11FA743068005Depositoryinstitutionloansn.e.c. 0.2 10FA744023003Loans 9FA743063005Corporateandforeignbonds 8FA743062003Municipalsecurities 7FA743061703Agency-andGSE-backedsecurities 6FA743061103Treasurysecurities 5FA744022003Debtsecurities 4FA743013003ReservesatFederalReserve 3FA744090005Netacquisitionoffinancialassets 2FA745013005Fixednonresidentialinvestment 1FA746330005Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.113 BanksinU.S.-AffiliatedAreas(1) 28 2 F42503 eea ud n euiyrps-. 00-. . 000000-. . 22 0.0 23 -17.9 -0.0 -11.2 0.0 -49.2 42.4 0.0 -7.7 -0.0 11 11.1 -0.2 0.0 -9.0 13 1.7 -0.0 -23.8 14 -5.5 12.1 16.2 -1.7 -0.0 9 44.0 2.9 15.6 73.0 5 10.6 -0.0 -1.1 53.8 -10.6 (1) Includescheckable deposits (line20)andtimesavings (line21)notinsuredbytheNationalCreditUnion ShareInsuranceFund. 104.0 1.0 0.2 70.8 118.7 12.9 4 26FA473139103Uninsureddeposits(1) 2 0.5 113.5 7.0 3.3 56.2 16.5 -0.1 Memo: -9.2 2.6 38.4 6.8 9.7 -0.6 -0.1 25FA477005005Discrepancy 184.0 3 45.2 1.1 13.7 24FA473193005Miscellaneousliabilities 6.5 4.3 0.1 288.4 131.9 23FA473169333Loans(otherloansandadvances) 41.7 158.4 -5.7 0.4 22FA472150053Federalfundsandsecurityrepos 27.4 7.0 74.7 0.2 21FA473130005Timeandsavingsdeposits 468.0 41.8 20FA473127003Checkabledeposits -38.9 3.9 19FA474110005Netinterbankliabilities 7.0 -0.3 255.4 105.0 142.7 18FA474190005Netincreaseinliabilities -11.8 0.6 7.0 20.1 50.0 17FA473090005Miscellaneousassets -6.4 0.0 16FA473064205Mutualfundshares 6.8 292.5 15FA473066000Consumercredit 14FA473065100One-to-four-familyresidentialmortgages 106.4 7.0 13FA473068005Depositoryinstitutionloansn.e.c. 79.3 12FA474023000Loans 8.2 11FA473063005Corporateandforeignbonds 10FA473062005Municipalsecurities 9FA473061705Agency-andGSE-backedsecurities 8FA473061105Treasurysecurities 7FA473069153Openmarketpaper 6FA474022005Debtsecurities 5FA472050053Federalfundsandsecurityrepos 4FA473013005ReservesatFederalReserve 3FA474090005Netacquisitionoffinancialassets 2FA475013005Fixednonresidentialinvestment 1FA476000105Grosssaving

Z.1, March11,2021 0821 002019 2020 2019 2018 131. 574. 327. 3. 339. 20 21 96.6 187.3 33.3 160.6 371.5 137.6 18 15 269.2 16.7 41.7 75.2 134.2 4.1 105.3 33.2 441.9 12 5.0 43.6 9.0 44.2 258.0 190.3 64.3 127.1 85.7 21.0 82.2 42.1 78.4 18.4 5.4 39.8 275.8 81.2 21.3 21.2 95.6 74.5 12.7 68.0 76.2 13.2 57.2 50.8 1 68.5 16.8 86.9 17.2 17.2 19.1 18.4 18.9 17.6 18.9 19.0 0821231323601926-. 20 -1.4 19 2.6 -3.6 1.9 2.3 16 0.7 6.0 1.8 1.8 2.3 0.4 13 -0.1 0.3 1.3 -1.0 -1.3 10 -0.9 0.0 -6.7 2.3 -0.6 8 0.4 -5.7 0.2 2.1 -3.7 -0.2 8.5 0.3 -0.3 -0.6 -0.8 0.3 7.3 -0.2 -0.9 -0.1 -0.3 -1.3 9.6 0.1 -0.3 0.0 -4.1 0.0 -0.6 0.8 -0.3 -0.5 3.5 -1.1 -0.1 -1.2 -0.1 0412-. . 421. 1. 1. 9425 -9.4 24 4.6 -13.8 -19.9 -15.4 6.7 14.7 -4.2 30.7 4.0 -2.4 -19.3 -6.0 5.5 1.2 10 5.3 1.2 -0.4 4.8 -0.0 3.8 6 3.6 94.3 115.2 4.0 133.9 -1.3 11.5 4.4 28.5 3.9 0.4 88.7 -0.1 11.1 -9.1 . . 041. 41252. 401121 1.1 14.0 23.9 18 -2.1 2.5 17 1.1 2.8 -4.1 8.3 4.8 15 10.9 -3.8 31.4 6.0 10.4 14 15.3 0.5 2.6 -1.6 4.3 37.8 4.8 -4.1 7.1 7.8 3.9 -10.1 13.6 2.9 -7.2 -16.6 10.8 5 6 20.5 1.4 9.0 -18.8 -4.2 4.8 14.3 6.9 -9.4 0.4 3.0 3.5 5.6 -5.3 12.2 16.1 1 2.7 0.2 -11.5 -13.2 -3.5 1.4 11.2 0.2 11.1 -2.6 7.5 0.2 -3.6 6.1 0.2 5.9 13.2 0.2 5.3 5.1 0.2 0.2 0.2 0.1 . 512. 542. . 792. 0826 30.8 25.3 37.9 9.2 24.1 19 15.4 -1.4 25.8 16 -28.6 1.3 17 15.1 75.4 -24.6 0.3 7.3 -12.5 67.9 0.2 71.6 -1.3 29.2 1.8 8 -37.5 7 16.0 12.6 0.2 3.3 -0.4 6.3 8.7 -1.5 -0.6 -0.1 15.0 40.9 -1.9 4.0 0.9 -7.7 5.7 1.8 0.3 12.7 7.4 1.1 0.4 0.3 0.0 7.4 -0.4 5.1 0.5 2.2 0.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

8 F23705 enue rmnnUS enues91204310351747743338 3.3 37 8.9 7.4 20.1 4.7 12.8 1.7 4.7 3.5 9.6 1.0 2.7 30 -0.2 4.3 11.6 28 2.2 4.4 2.0 5.5 1.3 -19.3 25 9.1 1.8 -5.0 -0.6 -0.9 19.8 0.7 4.0 23 0.3 1.2 -0.6 -9.1 1.0 9.8 -3.9 9.0 -0.4 0.7 0.8 1.7 38FA263076005Reinsuredfromnon-U.S.reinsurers 0.7 0.1 37FA263176005Reinsuredtonon-U.S.reinsurers 1.2 0.4 17 36FA513176025ReinsuredtoU.S.reinsurers 26.4 0.0 35FA513176015Directreserve 6.4 8.6 18.6 34FA513200003Securitieslending(3) -0.1 0.2 13 21.9 Memo: 1.3 0.4 0.5 20.7 33FA517005005Discrepancy -0.4 -0.0 3.3 12 32FA513193005Other 63.0 0.5 -0.2 31FA513176005Policypayables 30FA513194733Investmentbyparentcompanies -0.3 57.2 29FA513190005Miscellaneousliabilities 10 3.2 6.5 6 21.9 59.4 28FA513192003ForeigndirectinvestmentinU.S. 0.1 8.0 27FA513178005Taxespayable 39.8 3.6 66.4 26FA513170005Tradepayables 1.2 -0.3 -11.7 9.3 -2.9 25FA513169333Loans(otherloansandadvances) 4 -7.5 1.2 -1.8 -4.2 24FA513164103Corporateequityissues 54.2 17.9 1.8 2.4 23FA512151003Securityrepurchaseagreements -28.1 61.5 7.6 2 50.0 22FA514190005Netincreaseinliabilities 1.0 34.7 2.7 29.0 3 6.8 -2.5 21FA513093005Other 75.5 56.6 -0.4 28.3 20FA513076005Policypayables(2) 19FA513092403EquityinFHLB 8.5 134.1 6.2 0.3 18FA513090005Miscellaneousassets 27.4 141.1 17.8 20.2 17FA513092003U.S.directinvestmentabroad 28.5 0.6 321.4 16FA513070005Tradereceivables 3.8 -20.1 28.3 -0.0 1 15FA513064205Mutualfundshares 103.1 14FA513064105Corporateequities 115.3 17.4 28.2 168.0 125.3 13FA513065505Loans(commercialmortgages) -1.7 28.3 66.5 123.6 12FA513063005Corporateandforeignbonds 28.0 11FA513062005Municipalsecurities 130.6 119.8 10FA513061705Agency-andGSE-backedsecurities 26.2 150.2 9FA513061105Treasurysecurities 8FA513069105Openmarketpaper 126.3 7FA514022005Debtsecurities 123.7 6FA512051005Securityrepurchaseagreements 132.7 5FA513034005Moneymarketfundshares 99.0 4FA513020005Checkabledepositsandcurrency 3FA514090005Netacquisitionoffinancialassets 2FA515013005Fixednonresidentialinvestment 1FA516000105Grosssavinglessnetcapitaltransferspaid(1) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.115 Property-CasualtyInsuranceCompanies (3) Liabilityforsecuritieslendingcollateral,includedinline32. (2) Policypayablesduefromreinsurers. (1) NetcapitaltransferspaidfromtableF.5,line53. 0821 002019 2020 2019 2018 3. 4766-. 050440991. 11 12.2 9.9 4.0 0.4 -0.5 -2.7 6.6 -4.7 -38.9 803. 851. 463. 641586. 35 60.1 135.8 86.4 31.7 64.6 31 71.5 18.0 161.5 29 78.5 111.3 102.7 226.4 37.0 37.7 192.1 28.0 76.9 13.1 21.5 74.4 93.4 74.6 44.0 135.7 22 104.9 21 81.4 44.1 -57.0 242.3 7.0 41.4 18 201.7 -40.2 16 7.3 26.3 -33.6 47.0 60.0 207.4 3.7 -8.9 -59.2 74.2 14 20.8 216.9 -25.0 32.8 143.8 -40.9 28.1 -26.2 30.9 76.5 38.0 -3.6 -62.1 -5.0 48.2 53.7 -5.8 -9.5 17.6 5.5 7 -16.9 15.0 105.2 25.4 26.4 6.6 129.5 -29.8 92.3 17.8 -1.8 69.9 20.1 30.7 28.1 99.2 29.7 43.7 393. 635. 31-401876. 9932 39.9 60.5 27 108.7 -2.2 -24.0 -14.5 -3.1 1.1 24 53.8 -5.8 10.6 46.3 -1.2 3.9 36.6 2.4 -3.6 -3.9 -14.1 -1.3 -14.5 -0.3 -7.2 15 5.6 -0.7 -4.7 5.8 -7.9 1.6 -9.7 1.2 8 -5.8 3.2 2.7 2.5 3.6 -2.5 0.1 -11.6 2.8 -1.1 -4.7 -2.1 0.5 -2.2 . . 062487431. 838136 8.1 34 0.8 18.3 11.7 0.1 4.3 0.5 8.7 -0.3 33 2.4 115.8 -0.4 205.1 10.6 26 0.5 4.3 156.8 5.0 0.2 -192.9 9.6 202.0 6.9 0.1 6.1 69.2 0.9 71.2 2.2 114.6 4.6 1.3 19 -0.2 1.3 20 17.0 1.5 5.5 38.5 0.3 2.6 24.5 0.5 9.0 8.4 0.0 18.3 5.1 0.0 22.2 0.5 9 10.5 0.0 20.3 8.8 20.2 0.0 5 43.1 -1.1 22.2 -17.0 13.3 26.8 -26.2 -12.1 26.4 -4.5 -7.0 1.6 7.9 -0.9 2.5 2.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 29

Transactions Transactions 7 F53705 enue rmnnUS enues030913150537-. . . 47 1.1 1.1 46 18.5 -0.7 18.3 3.7 -10.5 57.3 0.5 9.5 1.5 40 25.0 16.1 1.3 37 20.9 0.0 22.8 0.9 15.3 38 28.6 0.0 13.2 35 0.3 81.2 -8.6 -17.7 21.7 0.0 4.6 -10.4 17.7 -23.7 4.6 2.1 23.4 0.1 30 -2.3 1.3 8.2 12.5 1.0 11.5 -18.4 14.4 4.2 28 -5.9 14.5 -2.7 47FA543176035Reinsuredfromnon-U.S.reinsurers 2.2 -3.9 46FA543076035Reinsuredtonon-U.S.reinsurers 19.0 1.1 -4.2 45FA543176025ReinsuredtoU.S.reinsurers 16.5 76.0 44FA543176015Directreserve 6.2 -11.0 10.9 -4.8 10.2 43FA543200073Securitieslending(6) 3.1 8.3 38.4 15.7 24 Memo: -8.4 21 -13.0 15.3 -7.0 42FA547005005Discrepancy -1.7 -9.6 7.5 -5.5 41FA543193005Other -3.8 40FA593095005Unallocatedinsurancecontracts 11.8 39FA543195005Otherreserves(5) -4.4 6.4 38FA673090543Fundingagreementsbackingsecurities(4) 10.2 -6.5 37FA543194733Investmentbyparentcompanies 3.7 36FA543190005Miscellaneousliabilities -0.5 2.7 -8.2 35FA543192073ForeigndirectinvestmentinU.S. 3.5 34FA543178075Taxespayable -0.9 -0.9 33FA543150005Pensionentitlements(3) 32FA543140005Lifeinsurancereserves -3.3 31FA543170005Tradepayables 1.5 12 -2.8 10 30FA543169373Loans(otherloansandadvances) 180.6 1.9 6 17.5 -11.0 -0.6 287.8 29FA543164173Corporateequityissues 27.3 232.2 3.7 28FA542151073Securityrepurchaseagreements -40.7 316.2 27FA544190005Netincreaseinliabilities -9.6 22.0 23.4 4 26FA543093005Other -18.3 13.9 -21.7 186.5 25FA543095105Otherreserves 24FA543077073Deferredandunpaidlifeins.premiums 1.7 254.2 -42.0 2.6 2 23FA543092473EquityinFHLB 22.3 22FA543090005Miscellaneousassets 137.6 -19.2 3 6.5 4.0 28.5 123.7 21.8 21FA543092073U.S.directinvestmentabroad 1 190.8 20FA543050005Pensionentitlements -1.3 7.3 1.9 -44.3 83.7 19FA543040005Lifeinsurancereserves 21.0 18FA543070005Tradereceivables 1.6 38.2 7.6 -59.4 21.8 4.1 17FA543064205Mutualfundshares 27.0 1174.9 16FA543064105Corporateequities 21.7 9.2 0.2 -170.7 4.0 15FA543065005Mortgages 21.6 368.5 6.6 14FA543069005Otherloansandadvances 306.9 13FA544023005Loans -0.4 21.7 -1.2 135.3 12FA543063005Corporateandforeignbonds 21.5 11FA543062005Municipalsecurities 126.3 8.5 10FA543061705Agency-andGSE-backedsecurities 19.8 9FA543061105Treasurysecurities 7.7 8FA543069105Openmarketpaper 7FA544022005Debtsecurities 7.6 6FA542051075Securityrepurchaseagreements 6.6 5FA543034005Moneymarketfundshares 4FA543020005Checkabledepositsandcurrency 3FA544090005Netacquisitionoffinancialassets 2FA545013005Fixednonresidentialinvestment 1FA546000105Grosssavinglessnetcapitaltransferspaid(2) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.116 LifeInsuranceCompanies(1) 30 (6) Liabilityforsecuritieslendingcollateral,included inline41. (5) Includesreservesforaccidentandhealthpolicies, policydividendaccumulation,andcontractclaims. (4) Equaltofundingagreement-backedsecurities (FABS)issuedbydomesticissuersofasset-backedsecurities. (3) Annuityreservesheldbylifeinsurancecompanies, excludingunallocatedcontractsheldbypensionfunds,whichareshownonline40. (2) NetcapitaltransferspaidfromtableF.5,line54. (1) Additionaldetailonthefinancialassetsandliabilitiesheldinlifeinsurer’sgeneralseparate accountsisavailableontablesF.116.gandF.116.s.

Z.1, March11,2021 0821 002019 2020 2019 2018 0. 3. 2. 4. 7. 2. 8. 71-0227 -30.2 87.1 -82.8 20 7.0 925.7 7.8 -73.2 349.8 -5.5 224.9 34.8 131.9 4.7 101.4 12.2 11.0 7.7 100.1 3. 1. 9. 3. 45-6. 3. 1. 7. 42 -73.8 41 -153.3 -10.8 -39.8 -35.2 24.4 -264.4 74.5 421.4 -62.6 -31.9 132.2 -96.1 63.2 -17.3 40.0 -38.2 29 -3.5 -17.7 -8.3 1.6 -22.5 -10.7 -17.1 19 -8.2 12.2 10.4 -17.0 -11.9 -5.8 16 -2.0 17 20.5 -84.4 -30.3 2.8 -97.6 -13.0 -61.1 -7.0 12.6 9 -153.6 9.3 -6.7 12.1 -88.5 51.6 7.8 6.7 -90.8 0.6 -99.2 -13.1 -36.2 -86.7 1.3 45.8 -87.1 8.2 -44.4 7.4 27.5 -6.4 -28.8 881. 513. 245. 1. 662. 45 28.2 26.6 44 102.6 -12.7 118.2 58.4 -115.5 12.4 366.2 39 -6.7 33.0 28.1 180.3 25.1 26.1 117.9 19.6 19.5 74.5 68.8 3.5 69.9 33 27.9 31 32 3.2 19.3 69.2 11.5 -0.5 26.8 64.8 19.3 -139.0 2.1 -44.4 17.9 205.7 123.3 90.0 -46.7 26.3 -0.2 -6.1 90.4 75.1 30.5 24.2 26 53.2 -87.0 27.7 11.8 31.7 -67.9 13.4 43.6 22 43.3 -125.0 -91.3 15.2 413.4 -64.9 -56.4 -122.8 84.6 426.7 33.4 -50.4 15 11.4 13 92.0 13.4 1.8 11.3 36.9 41.6 8.3 11.9 18.7 1.3 43.0 48.5 65.5 49.8 36.4 7 59.0 219.2 66.5 19.4 375.7 19.2 51.1 180.5 377.7 47.5 61.4 3.1 61.5 185.9 288.3 124.6 89.1 64212010-. . . 10-. 43 -0.1 -1.0 2.7 6.5 -2.8 1.0 2.0 36 34 -95.8 -12.5 2.1 30.8 -14.3 -6.4 4.9 90.2 407.0 10.1 -21.8 3.6 151.1 -0.8 108.0 79.6 -2.9 -3.2 0.4 -2.9 18 11.0 -3.1 -7.8 67.1 11 -8.3 -2.0 19.4 0.7 8 11.1 16.8 -0.6 8.2 6.5 0.6 -11.0 -0.7 -0.8 -6.9 -0.5 -9.4 -0.3 -9.2 -1.0 0.4 -2.5 -4.4 -4.9 . . . . . 0122352825 2.8 23 1.3 3.5 1.2 2.2 3.9 -0.1 3.2 5.9 0.7 2.8 1.2 2.1 14 2.4 -9.6 3.3 -3.0 0.6 4.5 -10.6 0.5 22.5 -13.5 7.5 5 -0.2 -15.7 -78.8 -3.6 8.1 0.0 134.6 -13.8 21.7 12.1 3.6 6.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

9 F53903 oeg ietivsmn nUS . 09-. 451. 2346-04-. 29 -8.6 -10.4 4.6 24 1.3 -2.3 -18.4 11.5 22 -2.7 2.2 14.5 16.5 76.0 -4.2 19 -7.0 -4.8 10.2 10.9 -5.5 38.4 15.7 8.3 -4.4 -13.0 15.3 -9.6 3.7 7.5 11.8 -8.2 6.4 -6.5 -0.9 2.7 30FA543190075Miscellaneousliabilities -3.3 8 29FA543192073ForeigndirectinvestmentinU.S. 10 -2.8 7.3 28FA543178075Taxespayable 168.9 4 27FA543150075Pensionentitlements(1) -11.0 -0.6 231.2 26FA543140075Lifeinsurancereserves 1.1 25FA543170075Tradepayables 203.0 3.7 -50.3 24FA543169373Loans(otherloansandadvances) 201.1 -9.6 8.9 53.8 23FA543164173Corporateequityissues 2 13.9 -23.2 137.5 22FA542151073Securityrepurchaseagreements -3.8 201.0 -47.3 2.6 21FA544190075Netincreaseinliabilities -12.4 118.8 -14.5 1 20FA543090075Miscellaneousassets -8.2 4.0 97.0 116.9 19FA543092073U.S.directinvestmentabroad 181.9 18FA543050075Pensionentitlements -6.9 1.9 131.1 -32.3 17FA543040075Lifeinsurancereserves 16FA543070075Tradereceivables 4.4 -13.4 40.2 4.1 15FA543064275Mutualfundshares 1281.9 24.2 14FA543064175Corporateequities -63.5 0.2 8.2 13FA543065075Mortgages 413.5 12FA543069075Otherloansandadvances 374.2 11FA544023075Loans -3.7 209.2 10FA543063075Corporateandforeignbonds 9FA543062075Municipalsecurities 253.5 8FA543061775Agency-andGSE-backedsecurities 7FA543061175Treasurysecurities 6FA543069175Openmarketpaper 5FA544022075Debtsecurities 4FA542051075Securityrepurchaseagreements 3FA543034075Moneymarketfundshares 2FA543020075Checkabledepositsandcurrency 1FA544090075Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.116.g LifeInsuranceCompanies:GeneralAccounts 9 F54905 e nraei iblte 140-32-56-43-1. 135-60-30-9719 -59.7 -43.0 -46.0 -113.5 -111.6 -44.3 -65.6 9 -73.2 11.7 -124.0 56.7 7 10.1 29.2 2 26.2 115.1 1.5 9.6 (1) Annuityreservesheld bylifeinsurancecompanies,excludingunallocated contractsheldbypensionfundswhich areincludedinmiscellaneousliabilities(line23). -30.4 5.2 49.0 23FA543190085Miscellaneousliabilities 13.2 22FA543150085Pensionentitlements (1) -4.8 53.2 21FA543140085Lifeinsurancereserves -14.5 20FA543170085Tradepayables 9.0 1 18.8 14.1 19FA544190085Netincreaseinliabilities -68.5 6.8 14.8 -12.0 -47.4 18FA543090085Miscellaneousassets 17FA543050085Pensionentitlements -2.0 5.5 -46.0 16FA543040085Lifeinsurancereserves 15FA543070085Tradereceivables 2.7 -107.1 -2.8 -107.2 14FA543064385Mutualfundshares -4.2 13FA543064185Corporateequities -45.0 -67.2 3.3 12FA543065083Mortgages 11FA543069483Otherloansandadvances -73.9 10FA544023085Loans -127.2 9FA543063085Corporateandforeignbonds 8FA543062083Municipalsecurities 7FA543061783Agency-andGSE-backedsecurities 6FA543061183Treasurysecurities 5FA543069183Openmarketpaper 4FA544022085Debtsecurities 3FA543034385Moneymarketfundshares 2FA543020083Checkabledepositsandcurrency 1FA544090085Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.116.s LifeInsuranceCompanies:SeparateAccounts (1) Annuityreservesheldbylifeinsurancecompanies,excludingunallocatedcontractspensionfunds,whichareincludedinmiscellaneousliabilities(line30). 0821 002019 2020 2019 2018 107-82-49-. 5. 7. 1. 1. 2. 22 -29.0 -18.8 -16.0 -76.0 -57.9 -3.1 -34.9 -28.2 -110.7 5. 005. 361. 8. 1304. 2127 32.1 45.6 -123.0 281.7 11.2 93.6 21 59.1 29.5 40.0 130.1 -36.8 154.2 1039.2 38.4 394.1 290.5 205.1 225.4 1. 1. 82-71-07-2516-. 3523 -3.5 -8.3 1.6 17 -22.5 12.2 -10.7 10.4 -17.1 -5.8 -8.2 20.5 -17.0 2.8 -11.9 12.6 7 9.3 8.5 6.7 39.8 -4.2 -36.2 51.2 16.9 5.4 23.8 -5.5 -24.7 1. 3. 2. 3. 3. 2. 2. 1. 1. 23 -17.0 -18.7 -25.0 -21.5 -34.5 -31.0 13 -20.6 -3.7 14 -85.1 -31.0 -34.0 -96.0 -15.8 -4.6 -61.5 -21.5 -153.0 -13.4 -84.2 2.7 -90.5 -98.9 -16.0 -85.5 -0.2 -87.6 -53.9 261061861211. 2. 1. 96-8930 -78.9 49.6 25 26 19.3 83.0 115.2 -0.4 70.3 428.5 12.7 2.2 -39.6 182.1 139.2 90.1 128.6 18.9 -6.0 110.6 85.2 18 7.1 30.6 12.6 63.2 20 27.8 7.9 -82.4 45.7 13.5 -41.4 -5.5 41.9 -114.5 14.1 35.0 13 533.8 7.5 11 -119.9 4.8 -2.1 4.5 118.9 12.2 1.5 73.9 18.1 11.1 25.3 7.5 38.4 7.8 48.7 60.9 52.9 97.2 44.7 49.4 5 190.6 61.7 17.1 277.6 16.9 45.0 132.9 46.1 55.6 253.5 60.4 55.8 118.2 213.7 100.3 92.2 2904-. 08361. . 1. 1. 28 -12.5 -14.3 4.9 10.1 3.6 -0.8 -2.9 0.4 16 11.0 -2.9 -3.1 -7.8 67.2 9 -8.3 -3.4 19.4 6 -1.4 9.3 16.8 -3.0 6.8 6.5 -4.8 -12.6 -0.8 -0.8 -2.9 -3.8 -5.7 -3.1 -8.5 -3.2 0.1 -2.2 -3.0 -2.2 01-. 3. 2. 95-0. 83-35-. 18 -8.9 -23.5 -8.3 11 0.0 -107.2 8 69.5 0.0 1.4 -26.8 0.0 6 2.0 -37.0 5 3.6 1.8 0.0 -6.5 2.4 11.8 1.4 -5.2 4 -0.1 5.4 4.8 28.5 -4.8 1.6 0.1 98.2 -5.4 0.0 -4.0 47.6 3.3 -8.7 -4.6 -3.8 124.2 2.0 2.8 -0.2 -57.3 -0.7 3.7 2.2 67.7 0.2 -0.9 74.6 -0.3 -1.4 24.3 -4.0 -2.7 -3.1 . 12-. 03-. 0604-. . 15 14 0.7 1.7 -1.6 3.7 12 0.4 -9.6 -8.3 -3.0 -0.6 14.5 6.7 -10.6 -4.4 22.5 -0.3 5.2 -8.3 -0.3 2.9 12.3 -1.2 3 1.5 -0.2 -10.9 0.4 9.5 -74.7 1.1 16.2 0.2 97.7 -12.4 22.4 7.1 6.8 1.1 . 01-. 01-. 01-. 01-. 20 -0.0 21 -13.8 -0.1 16 -5.5 0.0 17 -0.1 15 -0.1 0.0 -4.8 0.0 -0.1 -0.0 -15.9 0.0 0.0 -0.1 -0.0 -19.2 12 0.0 3.9 -0.1 0.0 -10.1 10 -0.1 3.9 -0.0 6.8 -10.0 -0.1 0.0 -0.1 6.8 -14.0 0.0 -6.2 -0.1 -0.0 0.0 1.4 -6.2 -0.0 4.6 1.1 -0.1 0.0 4.6 0.0 -3.1 -0.1 0.0 3 -8.3 0.0 9.6 2.9 -4.8 0.0 4.8 0.0 2.3 -4.1 2.3 6.1 -8.1 1.4 37.0 5.8 -1.5 5.7 -0.7 5.0 -3.2 5.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 31

Transactions Transactions 7 F54905 eie otiuinpas1. 3. 1. 1. 2. 8911718014427 114.4 29 28 ND 108.0 ND 25 ND 131.7 -17.3 74.5 98.9 428.7 -191.8 226.2 428.0 261.9 125.3 -57.3 566.6 -70.1 112.8 319.3 20 638.6 66.8 113.3 16.1 461.6 916.7 139.1 ND 22.8 ND 22 24 ND 19.8 358.1 378.2 28.6 -18.2 290.4 15 332.0 685.0 371.6 0.0 43.9 -17.7 412.6 228.1 751.5 393.7 4.6 0.0 88.1 362.0 13 -1.2 389.4 261.7 2.1 -62.8 388.3 21.1 -105.7 -0.6 11 12.5 7 251.6 376.4 12.0 237.1 -9.1 29FA543150015Annuitiesatlifeinsurancecompanies(8) -29.0 196.9 14.4 412.8 28FA893131573Individualretirementplans(IRAs)(7) 98.0 62.3 -774.6 -7.7 27FA594090055Definedcontributionplans 253.0 294.9 -3.9 26FA594190045Definedbenefitplans -28.4 4 54.9 -15.8 25FA153050015Householdretirementassets(6) -7.5 -4.8 104.2 2 15.8 33.2 Memo: 0.7 -2.1 88.8 7.7 -151.7 -17.3 24FA594190005Netincreaseinpensionentitlements(liabilities) -7.1 -62.5 0.7 -22.3 130.7 23FA593093005Other 41.2 8.7 40.6 8.3 22FA593073005Claimsofpensionfundonsponsor(5) 0.7 21FA573074005Contributionsreceivable 3 38.1 20FA593095005Unallocatedinsurancecontracts(4) -6.6 378.2 -30.0 0.7 19FA593090005Miscellaneousassets 25.5 371.6 8.1 0.4 18FA593064205Mutualfundshares 0.7 393.7 17FA593064105Corporateequities -2.8 -0.7 362.0 0.7 16FA593065005Mortgages 2.0 389.4 15FA313169003Otherloansandadvances 14FA594023005Loans 0.7 388.2 -6.9 13FA593063005Corporateandforeignbonds 376.4 0.7 12FA593062045Municipalsecurities 412.8 11FA593061705Agency-andGSE-backedsecurities 0.7 10FA593061105Treasurysecurities(3) 295.0 9FA593069105Openmarketpaper 8FA594022005Debtsecurities 7FA592051005Securityrepurchaseagreements 6FA593034005Moneymarketfundshares 5FA593030005Timeandsavingsdeposits 4FA593020005Checkabledepositsandcurrency 3FA594090005Netacquisitionoffinancialassets(2) 2FA595013005Fixednonresidentialinvestment 1FA596330005Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.117 PrivateandPublicPensionFunds(1) 32 (8) AnnuitiesheldinIRAsareexcluded.Theyincludedline28. (7) IRAassetsarenotincludedabove.SeememoitemontableF.227forasectoraldistributionofaccounts. (6) Households’retirementassetsintax-deferredaccounts,includingemployersponsoredpensionplans,IRAs,Rothandannuities. (5) Unfundeddefinedbenefitpensionentitlements. (4) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts;seriesbegins1985:Q4. (3) Includesbothmarketableandnonmarketablegovernmentsecurities. (2) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). (1) Privatepensionfunds,stateandlocalgovernmentemployeeretirementfederalfundsdefinedbenefitplanscontributionplans.

Z.1, March11,2021 0821 002019 2020 2019 2018 139-53-90-40-3. 9. 3588. 17917 -157.9 14 1.7 80.1 1.4 -395.8 197.6 -59.8 -236.7 3.6 -54.0 -69.0 -30.6 -65.3 -774.1 -183.9 -13.3 16.2 -149.1 7. 7. 6. 7. 6. 6. 6. 6. 6. 26 263.7 263.6 261.9 263.1 264.1 275.5 263.1 19 450.7 273.8 347.6 275.1 673.0 104.6 776.8 -366.9 394.0 10 406.1 252.1 8 206.8 122.7 260.6 -10.2 223.0 36.2 247.3 180.2 182.7 131.9 1139.4 100.2 1349.1 227.8 120.5 89.6 388.3 448.5 3. 09-. 1. 911. 1. 1. 1. 21 -14.0 -11.7 -16.0 12.5 18 -9.1 -158.3 -257.9 -10.3 -29.5 -7.3 -176.6 -0.9 -230.2 210.8 -34.6 -155.6 -41.3 -11.7 77157172-5. 1. 16423459. 23 90.5 4.5 432.3 21.6 519.7 -253.0 137.2 195.7 9 -7.7 -2.3 6 16.9 -3.6 5 -0.9 -34.5 -19.4 12.8 -3.1 -6.1 -5.2 -5.6 47.0 -25.2 5.8 -0.5 -1.8 9.5 6.4 -6.6 0.2 4.5 -7.2 -2.6 0.8 4.3 -2.8 -5.4 . . . . 164230141716 1.7 1.4 12 3.0 0.0 4.2 0.0 -1.6 0.0 0.4 -0.0 2.6 0.0 0.4 -0.0 1 2.6 -0.0 0.8 0.0 0.8 0.7 0.8 0.8 0.7 0.7 0.8 0.7 0.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F54905 eie otiuinpas()4. 0. 979. 431419. 418. 23 85.7 64.1 94.8 114.1 94.3 99.5 17 19 21 -0.3 24.8 40.4 89.7 -4.7 44.3 18.8 108.4 28.3 13.4 43.1 49.5 -65.7 -12.6 12 68.8 113.6 3.8 -6.6 49.0 67.5 11 4.2 36.9 23.8 67.3 7 142.9 -0.1 31.9 7.9 -1.1 7.3 44.4 -0.1 -55.3 1.0 77.6 -13.8 4 82.6 -0.3 14.9 -0.1 80.1 23FA574090055Definedcontributionplans(6) 16.5 2 94.9 0.8 22FA574090045Definedbenefitplans(5) 0.3 27.8 -0.2 0.0 Netacquisitionoffinancialassets 82.8 32.1 3 -0.4 0.3 Memo: -0.1 39.6 40.4 7.1 0.9 21FA574190005Netincreaseinpensionentitlements(liabilities) 0.3 -0.1 48.6 18.9 16.6 20FA573093005Other -0.1 -0.1 0.3 49.5 19FA573073005Claimsofpensionfundonsponsor(4) 12.9 18FA573074005Contributionsreceivable -0.1 -0.0 68.8 17FA573095005Unallocatedinsurancecontracts(3) 0.3 16FA573090005Miscellaneousassets -0.0 49.0 -0.5 0.3 15FA573064205Mutualfundshares 0.2 67.3 14FA573064105Corporateequities 0.3 44.4 13FA573065005Loans(mortgages) -5.0 0.3 77.6 12FA573063005Corporateandforeignbonds 11FA573061705Agency-andGSE-backedsecurities 0.3 10FA573061105Treasurysecurities 16.6 9FA573069105Openmarketpaper 8FA574022005Debtsecurities 7FA572051005Securityrepurchaseagreements 6FA573034005Moneymarketfundshares 5FA573030005Timeandsavingsdeposits 4FA573020005Checkabledepositsandcurrency 3FA574090005Netacquisitionoffinancialassets(2) 2FA575013005Fixednonresidentialinvestment 1FA576330005Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.118 PrivatePensionFunds(1) (6) AdditionaldetailondefinedcontributionplansisavailabletableF.118.c. (5) AdditionaldetailondefinedbenefitplansisavailabletableF.118.b. (4) Unfundeddefinedbenefitpensionentitlements. (3) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts;seriesbegins1985:Q4. (2) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). (1) Privatedefinedbenefitplansandcontribution(including401(k)typeplans). 0821 002019 2020 2019 2018 2. 3. 4. 3. 4. 4. 4. 4. 4. 22 -45.3 -45.3 -45.3 -45.3 18 -45.3 -14.0 -32.2 -11.7 -45.3 -16.0 -30.7 12.5 14 -26.5 -121.2 -9.1 -101.6 -10.3 -77.9 -7.3 104.8 -79.5 -0.9 -89.8 -34.6 -49.0 -8.6 -80.0 693. 467. 953. 108. 1016 71.0 82.0 71.0 34.6 10 39.5 71.6 78.1 62.0 8 64.6 67.0 220.6 36.7 160.3 31.3 36.9 153.1 54.1 54.2 62.5 163.5 58.0 188.4 32.9 147.1 88.9 26.2 82.3 945. 516. 151044. 416. 20 60.4 54.1 45.2 13 1.6 100.4 1.5 51.5 15 -125.5 60.4 1.2 9 -122.2 65.1 -1.4 -95.7 2.6 6 50.4 -1.2 -139.9 1.4 -4.4 -75.2 -9.4 -1.5 5 0.3 -111.1 1.6 -1.3 0.7 -120.8 -0.1 1.7 -42.1 -1.1 -0.9 -8.9 11.2 -1.4 1.3 -1.1 0.5 0.5 -2.8 -0.8 1.4 -0.9 -0.2 1.7 -1.1 -5.3 1.5 -0.8 -0.3 -0.4 -5.0 ...... 1 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 33

Transactions Transactions 5 F53945 nloae nuac otat 2 . . . . . 1140333815 3.8 17 24.8 3.3 44.3 19 4.0 -45.3 28.3 -45.3 -1.1 -65.7 -45.3 10 93.8 2.7 3.8 9 -45.3 49.8 24.4 3.1 -45.3 23.8 5 98.5 20.8 -32.2 -0.1 2.5 7.9 -27.4 -34.4 -45.3 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates -0.1 0.9 -13.8 F.118.c PrivatePensionFunds:DefinedContributionPlans(1) 65.7 2 -7.1 -30.8 -0.6 -0.1 80.1 -26.6 75.0 2.7 17.1 -0.5 0.0 (3) Unfundeddefinedbenefitpensionentitlements. 53.7 19.5 (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts;seriesbegins1985:Q4. -0.7 (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). -0.1 22.7 0.9 1 0.2 19FA574190043Netincreaseinpensionentitlements(liabilities) -0.1 47.0 -45.3 5.9 18FA573093043Other -0.5 -0.1 -45.3 17FA573073005Claimsofpensionfundonsponsor(3) 7.0 16FA573074043Contributionsreceivable -45.3 -0.5 -0.0 15FA573095405Unallocatedinsurancecontracts(2) 14FA573090045Miscellaneousassets -45.3 -0.4 -0.5 13FA573064243Mutualfundshares -45.3 12FA573064143Corporateequities -0.2 -32.2 11FA573065043Loans(mortgages) -0.9 -45.3 10FA573063043Corporateandforeignbonds -30.7 9FA573061743Agency-andGSE-backedsecurities 8FA573061143Treasurysecurities -26.5 7FA573069143Openmarketpaper 6FA574022045Debtsecurities 5FA572051043Securityrepurchaseagreements 4FA573034043Moneymarketfundshares 3FA573030043Timeandsavingsdeposits 2FA573020043Checkabledepositsandcurrency 1FA574090045Netacquisitionoffinancialassets(1) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.118.b PrivatePensionFunds:DefinedBenefitPlans 34 5 F53955 nloae nuac otat 2 1900-. . 93-1594-. 4115 -4.1 18 -8.0 85.7 9.4 64.1 10 94.8 -11.5 19.7 -9.3 114.1 17.7 5 9 0.0 12.5 94.3 1.1 44.4 11.2 99.5 0.0 34.7 -3.6 2 -20.9 89.7 0.4 0.0 16.9 0.0 22.0 108.4 19.9 0.3 0.0 -1.9 10.7 43.1 29.1 0.3 0.0 12.6 1 (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteed investmentcontracts;seriesbegins1985:Q4. 16.9 85.7 0.7 (1) Includes401(k)and403(b)typeplans. 6.2 0.0 1.5 64.1 18FA574090055Netincreaseinpensionentitlements(liabilities) 0.3 10.7 0.0 94.8 17FA573093055Other 5.8 0.4 16FA573074033Contributionsreceivable 0.0 114.1 15FA573095505Unallocatedinsurancecontracts(2) 94.3 14FA573090055Miscellaneousassets 0.4 0.0 13FA573064255Mutualfundshares 99.5 0.3 12FA573064133Corporateequities 89.7 11FA573065033Loans(mortgages) -4.1 108.4 10FA573063033Corporateandforeignbonds 43.1 9FA573061733Agency-andGSE-backedsecurities 8FA573061133Treasurysecurities 7FA573069133Openmarketpaper 6FA574022035Debtsecurities 5FA572051033Securityrepurchaseagreements 4FA573034055Moneymarketfundshares 3FA573030033Timeandsavingsdeposits 2FA573020033Checkabledepositsandcurrency 1FA574090055Netacquisitionoffinancialassets

Z.1, March11,2021 0821 002019 2020 2019 2018 3. 44-18-45-2753-90-54-8116 -18.1 -15.4 -19.0 13 -62.3 5.3 -53.0 12 -12.7 -155.0 -65.4 -131.9 -14.5 18.2 -102.7 -11.8 45.3 -43.6 -4.4 -49.8 -108.5 -36.5 -123.9 -40.7 -86.1 -15.1 -37.6 -39.0 -75.8 00-66021. 45-231. 431. 14 13.0 34.3 15.9 -62.3 -4.5 8 46.1 14.4 39.3 6 0.2 162.8 48.4 -16.6 108.5 -13.5 40.0 110.9 32.3 -47.5 36.9 114.0 30.1 130.1 83.7 11.2 39.4 14.3 62.7 00-70-02-13-16-5. 3. 6. 6. 13 -63.2 -69.1 8 -30.3 25.4 -158.1 6 22.8 -31.6 57.8 18.6 -61.3 51.8 -80.2 44.7 42.2 -27.0 21.8 101.7 30.0 49.5 25.6 58.3 27.9 63.4 21.7 49.5 12.0 19.7 6306162017-. . . . 18 2.5 2.1 2.6 -0.7 11 0.1 1.7 0.1 2.0 0.1 7 1.6 -1.5 -0.0 0.6 -1.3 4 0.1 -6.3 -1.7 -1.6 3 0.1 -1.4 -1.4 0.4 0.1 -1.2 -1.8 -1.1 -1.5 0.0 0.5 -1.2 0.4 -1.5 -1.2 -1.0 -1.0 -1.3 -0.4 -1.1 -1.1 -5.7 -0.9 -0.4 -0.3 -6.2 -5.2 314. 355. 981114. 205. 17 58.0 14 52.0 58.0 11 42.7 1.5 47.7 12 33.9 101.1 55.1 1.3 30.3 49.8 96.9 1.1 24.7 58.4 44.0 2.7 59.6 63.5 63.7 29.0 49.8 1.3 64.4 34.1 -3.1 1.5 53.3 37.1 -3.1 1.7 29.0 1.3 -4.2 -1.3 ...... 16 4.1 3.7 3.0 7.2 3.5 7 0.2 4.1 0.1 4.5 4 -2.7 3 0.1 3.5 0.1 1.7 0.3 2.0 0.1 1.7 0.1 0.1 10.7 0.2 0.1 1.7 0.2 0.1 2.7 0.1 0.1 2.8 0.4 0.1 1.9 0.1 5.8 0.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F34905 eie otbto ln 6 191. 421. . . 102. 4213 14.2 23.1 11.0 8.3 8.2 7 15.4 2.2 11 14.2 9 93.2 3.5 0.0 5 12.9 102.0 1.4 3.1 0.0 11.9 10 88.2 26.0 2.9 -4.5 -62.8 2 86.7 5.5 -0.2 1.2 3.1 -0.6 87.6 -68.4 (6) AdditionaldetailondefinedcontributionplansisavailabletableF.119.c. -0.2 -29.0 1.6 (5) AdditionaldetailondefinedbenefitplansisavailabletableF.119.b -2.9 92.3 -47.8 (4) Unfundeddefinedbenefitpensionentitlements. 1 -0.2 -774.6 (3) SuspendedinvestmentsintheThriftSavingsPlanGFundbyTreasury. 92.5 0.6 93.2 1.1 -0.7 -15.8 (2) ComprisedprimarilyofnonmarketableTreasurysecurities. -0.2 (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). 88.5 102.0 -403.6 1.5 15.8 1.3 -0.2 88.2 -21.2 83.9 13FA344090055Definedcontibutionplans(6) -151.7 1.1 12FA344090045Definedbenefitplans(5) 0.2 -35.0 -0.2 86.7 Netacquisitionoffinancialassets -51.9 1.1 87.6 -0.2 Memo: -0.1 92.3 11FA344090005Netincreaseinpensionentitlements(liabilities) -0.2 92.5 10FA343073045Claimsofpensionfundonsponsor(misc.assets)(4) -0.2 88.5 9FA313169003Loans(otherloansandadvances)(3) 8FA343064105Corporateequities 83.9 7FA343063005Corporateandforeignbonds 6FA343062033Municipalsecurities 5FA343061705Agency-andGSE-backedsecurities 4FA343061105Treasurysecurities(2) 3FA344022005Debtsecurities 2FA343020033Checkabledepositsandcurrency 1FA344090005Netacquisitionoffinancialassets(1) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.119 FederalGovernmentEmployeeRetirementFunds 0821 002019 2020 2019 2018 0. 1. 4. 2211171081361498. 4 3 81.7 85.3 114.9 121.4 193.6 199.8 190.8 183.3 111.7 113.5 1282.1 1285.1 145.3 147.5 110.4 112.9 309.3 309.3 2. 51-78-4439-811. 2. 1. 8 -18.0 -24.7 19.7 -48.1 3.9 -14.4 -17.8 -5.1 -21.6 207. 847. 937. 727. 9012 79.0 78.9 77.2 78.4 79.3 76.9 78.4 75.5 72.0 0000-. 0000-. . . . 6 0.0 0.0 0.0 -0.0 0.0 -0.0 -0.0 0.0 -0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 35

Transactions Transactions A4032 Croaeadfrinbns0411131505-. . . . 5 1.2 8 7 3.0 4 14.2 0.0 1.1 3.1 23.1 0.0 2.7 11.0 -2.4 1 -62.8 2.8 14.2 8.3 0.5 -0.6 23.1 -2.1 8.2 -29.0 1.5 11.0 0.4 -774.6 15.4 1.3 -15.8 8.3 1.3 14.2 15.8 1.1 8.2 12.9 1.1 -151.7 0.4 15.4 11.9 1.0 14.2 -0.2 12.9 7 11.9 1.0 8FA344090055Netincreaseinpensionentitlements(liabilities) 7FA313169003Loans(otherloansandadvances)(3) 10 5 0.5 79.0 0.3 6FA343064125Corporateequities -0.1 78.9 0.2 5FA343063023Corporateandforeignbonds 9 -2.2 4FA343061723Agency-andGSE-backedsecurities 2 77.2 26.0 3FA343061155Treasurysecurities(2) -0.2 0.4 2FA344022025Debtsecurities 78.4 0.7 5.5 -0.2 -0.9 1FA344090055Netacquisitionoffinancialassets 79.3 0.1 1 -68.4 -0.2 79.0 0.2 76.9 -47.8 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates -0.2 -0.2 78.9 78.4 F.119.c FederalGovernmentEmployeeRetirementFunds:DefinedContributionPlans(1) 0.1 -0.7 0.2 -0.2 77.2 75.5 -403.6 0.0 -0.2 -21.2 -0.2 78.4 (4) Unfundeddefinedbenefitpensionentitlements. 72.0 (3) ComprisedprimarilyofnonmarketableTreasurysecurities. 0.1 -35.0 79.3 (2) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). -0.2 DisabilityFund,andtheNationalRailroadInvestmentTrust. -51.9 0.1 76.9 (1) IncludesCivilServiceRetirementandDisabilityFund,RailroadBoard,judicialretirementfund,MilitaryForeign -0.2 78.4 10FA344190045Netincreaseinpensionentitlements(liabilities) -0.2 75.5 9FA343073045Claimsofpensionfundonsponsor(misc.assets)(4) 8FA343064135Corporateequities 72.0 7FA343063033Corporateandforeignbonds 6FA343062033Municipalsecurities 5FA343061733Agency-andGSE-backedsecurities 4FA343061165Treasurysecurities(3) 3FA344022045Debtsecurities 2FA343020033Checkabledepositsandcurrency 1FA344090045Netacquisitionoffinancialassets(2) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.119.b FederalGovernmentEmployeeRetirementFunds:DefinedBenefitPlans(1) 36 (3) SuspendedinvestmentsintheThriftSavingsPlanGFundbyTreasury. (2) IncludesnonmarketableTreasurysecuritiesheldintheGfundandmarketableFfund. (1) ThriftSavingsPlan.

Z.1, March11,2021 0821 002019 2020 2019 2018 8. 144. 0. 016. 623. 383 2 23.8 26.1 39.1 44.8 46.2 52.1 64.1 59.7 30.1 31.0 800.9 803.7 43.3 45.7 -1.4 0.8 184.5 184.7 4 3 57.8 59.2 75.9 76.6 147.4 147.7 126.7 123.6 81.6 82.5 481.2 481.4 102.0 101.8 111.8 112.1 124.7 124.6 2. 37-57-3762-082. 2. 1. 6 -12.0 -21.7 21.7 -50.8 6.2 -13.7 -15.7 -3.7 -21.2 04-. 21-. 2327-. 31-. 8 -6.0 6 0.0 -3.1 0.0 -2.0 2.7 0.0 -2.3 -0.0 -0.7 0.0 -2.1 -0.0 -1.4 -0.0 -0.4 0.0 -0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F24905 eie otbto ln 5 3. 7894-. 27-352. 071. 23 14.6 20.7 25.9 -23.5 22.7 -2.2 18 16.4 9.4 27.6 17.8 19 21 15.2 307.3 244.6 -35.1 282.1 250.7 -5.0 13 268.2 -117.0 256.0 11.2 -49.9 201.7 206.5 -2.0 91.2 258.6 7 11 252.8 -26.4 -9.0 274.1 228.6 13.5 95.3 27.5 264.8 -7.6 239.5 13.5 -112.2 4 107.1 245.6 246.8 7.8 -7.3 -4.4 -4.8 21.3 23FA224090055Definedcontibutionplans(5) 2 224.9 194.5 22FA224090045Definedbenefitplans(4) 0.4 -2.2 4.9 8.0 Netacquisitionoffinancialassets -45.6 -7.0 0.4 97.2 -103.4 Memo: -21.7 -7.5 8.8 32.4 7.6 21FA224190005Netincreaseinpensionentitlements(liabilities) 0.4 3 20.4 20FA223093005Other -6.5 244.6 -29.7 0.4 19FA223073045Claimsofpensionfundonsponsor(3) 12.7 250.7 18FA223095505Unallocatedinsurancecontracts(2) 8.4 0.5 17FA223090005Miscellaneousassets 0.4 256.0 -2.6 -0.2 16FA223064205Mutualfundshares 206.5 0.4 15FA223064145Corporateequities 2.0 252.8 14FA223065043Loans(mortgages) 0.4 228.6 -1.7 13FA223063045Corporateandforeignbonds 239.5 0.4 12FA223062043Municipalsecurities 246.8 11FA223061743Agency-andGSE-backedsecurities 0.4 10FA223061143Treasurysecurities 194.6 9FA223069143Openmarketpaper 8FA224022045Debtsecurities 7FA222051043Securityrepurchaseagreements 6FA223034005Moneymarketfundshares 5FA223030043Timeandsavingsdeposits 4FA223020043Checkabledepositsandcurrency 3FA224090005Netacquisitionoffinancialassets(1) 2FA225013005Fixednonresidentialinvestment 1FA226330005Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.120 StateandLocalGovernmentEmployeeRetirementFunds (5) AdditionaldetailondefinedcontributionplansisavailabletableF.120.c. (4) AdditionaldetailondefinedbenefitplansisavailabletableF.120.b. (3) Unfundeddefinedbenefitpensionentitlements. (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts. (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). 0821 002019 2020 2019 2018 2. 2. 3. 3. 3. 3. 3. 3. 3. 22 230.1 230.1 230.1 230.0 230.0 230.8 17 230.1 353.8 229.0 260.0 229.7 670.4 117.8 738.0 -41.3 350.5 404.4 221.8 8. 5. 235. 111108-3. 0. 1. 15 -18.8 206.4 -337.6 140.8 -161.1 50.2 -2.3 -51.6 -82.3 28-28-0. 2521. 159-7. 5. 8810 98.8 8 -54.3 -45.4 -270.8 -58.7 -185.9 -105.6 17.0 -57.3 -205.2 -145.1 -103.0 -124.4 -22.8 -66.7 52.8 -112.2 56.9 2708-47319-5. 3. 63-3. 3. 16 -32.8 -135.7 66.3 -36.7 9 -0.9 -155.0 6 321.9 18.0 0.8 5 -34.7 0.4 -33.0 -19.7 0.8 12.1 -6.0 -2.0 -2.7 -4.3 35.8 -4.2 -24.2 5.2 -1.1 -1.0 10.4 5.0 -6.3 1.2 2.7 -1.9 -1.7 -0.7 4.6 -2.4 -0.4 . 4. 22-1. 6. 7. 8. 4. 0020 30.0 -49.7 14 0.0 387.1 12 0.0 -78.8 -0.1 468.2 0.0 1.7 -313.3 0.0 72.2 1.6 145.3 0.0 -2.9 1.7 0.0 -1.2 0.8 0.0 -0.9 1 0.0 0.4 5.4 0.0 0.4 0.7 0.4 0.4 0.4 0.4 0.4 0.4 0.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 37

Transactions Transactions 6 F23705 liso eso udo pno 2 2. 4. 6. 7. 5. 0. 6. 8. 0. 16 18 307.3 230.0 11 282.1 230.0 -117.0 268.2 230.0 -49.9 201.7 230.0 9 91.2 5 -26.4 258.6 230.0 -9.0 95.3 27.5 274.1 230.8 -7.6 -112.2 264.8 230.0 2 107.1 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 7.8 -7.3 -4.4 245.6 229.0 21.3 F.120.c StateandLocalGovernmentEmployeeRetirementFunds:DefinedContributionPlans(1) 224.9 229.7 -2.2 4.9 8.0 -45.6 -7.0 97.2 (2) Unfundeddefinedbenefitpensionentitlements. -103.4 -21.7 (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). -7.5 8.8 32.4 7.6 18FA224190043Netincreaseinpensionentitlements(liabilities) 1 20.4 -6.5 230.1 -29.7 17FA223093043Other 230.1 12.7 16FA223073045Claimsofpensionfundonsponsor(2) 8.4 0.5 15FA223090045Miscellaneousassets 230.1 -2.6 -0.2 14FA223064243Mutualfundshares 230.0 13FA223064145Corporateequities 2.0 230.0 12FA223065043Loans(mortgages) 230.8 -1.7 11FA223063045Corporateandforeignbonds 230.1 10FA223062043Municipalsecurities 229.0 9FA223061743Agency-andGSE-backedsecurities 8FA223061143Treasurysecurities 229.7 7FA223069143Openmarketpaper 6FA224022045Debtsecurities 5FA222051043Securityrepurchaseagreements 4FA223034043Moneymarketfundshares 3FA223030043Timeandsavingsdeposits 2FA223020043Checkabledepositsandcurrency 1FA224090045Netacquisitionoffinancialassets(1) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.120.b StateandLocalGovernmentEmployeeRetirementFunds:DefinedBenefitPlans 38 A2005 Ntices npninetteet laiiis 3. 7894-. 27-352. 071. 7 14.6 5 20.7 16.4 1 25.9 14.6 27.6 -23.5 20.7 15.2 22.7 25.9 -5.0 -2.2 -23.5 11.2 9.4 22.7 -2.0 17.8 -2.2 13.5 -35.1 9.4 13.5 (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts. 17.8 -4.8 (1) Includes403(b)and457typeplans. -35.1 7FA224090055Netincreaseinpensionentitlements(liabilities) 6FA223093053Other 5FA223095505Unallocatedinsurancecontracts(misc.assets)(2) 4FA223090055Miscellaneousassets 3FA223064255Mutualfundshares 2FA223034055Moneymarketfundshares 1FA224090055Netacquisitionoffinancialassets

Z.1, March11,2021 0821 002019 2020 2019 2018 2. 9. 3. 3. 2. 2. 5. 3. 3. 15 337.1 232.2 655.1 122.7 726.6 -39.5 336.8 390.7 227.9 8. 5. 235. 111108-3. 0. 1. 13 -18.8 206.4 -337.6 140.8 -161.1 50.2 -2.3 -51.6 -82.3 2. . 44-. 13-001. 71-. 3 -1.1 -7.1 10.5 -20.0 11.3 -0.4 -4.4 4.1 -28.7 60-. 3. 2. 163-675. 187-1714 -31.7 -128.7 55.7 -16.7 -166.3 8 322.3 98.8 -30.3 6 -54.3 -45.4 -3.3 -270.8 -58.7 26.0 -185.9 -105.6 17.0 -57.3 -205.2 -145.1 -103.0 -124.4 -22.8 -66.7 52.8 -112.2 56.9 19-. 10-42-. 21-301. 097 -0.9 4 18.0 1.8 3 0.4 -33.0 -19.7 12.1 -6.0 -2.0 -4.3 34.6 -4.2 -24.2 5.3 -1.1 -1.0 10.4 4.9 -6.3 1.2 2.7 -1.9 -1.7 -0.8 4.6 -2.0 -0.4 1302020202020202026 0.2 0.2 4 0.2 16.6 2 -1.0 27.8 0.2 -0.0 15.4 0.2 0.0 -4.8 0.2 11.4 1.3 0.2 -1.8 -0.0 0.2 13.8 0.1 13.7 -1.3 0.1 -6.1 0.0 -0.4 . 4. 19-1. 6. 7. 8. 4. 9817 29.8 12 -49.9 0.0 10 386.9 0.0 -0.1 -79.0 0.0 1.7 468.0 -313.6 0.0 1.6 71.9 0.0 -2.9 145.1 3.0 0.0 -1.2 0.8 0.0 -0.9 0.0 5.4 0.0 0.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F63625 e hr sus(iblte)-34280-2. 1. 5. 12. 1416218813 138.8 15 -100.5 106.2 -115.7 10 61.4 3.3 -75.1 9 -1223.8 226.3 -173.7 -10.2 350.4 407.7 -104.3 7 -12.6 114.5 -110.5 480.7 130.3 -229.3 -14.2 -116.2 3 -82.3 476.9 208.0 -104.2 43.4 -9.4 65.0 -481.6 20FA654091203Municipalbondfunds -63.4 -104.6 -29.8 19FA654091303Taxablebondfunds -13.0 70.4 4.5 18FA654091403Hybridfunds -12.8 17FA654092603Worldequityfunds -8.4 96.9 16FA654091600Domesticequityfunds 258.1 2 17.9 Netacquisitionoffinancialassetsbyinvestmentobjective: -19.2 74.4 138.8 64.0 1.7 -10.5 15FA654090500Variableannuitymutualfundsincludedabove 106.2 49.0 115.2 61.4 Memo: -18.6 31.0 4.7 -1223.8 14FA657005005Discrepancy 5.6 350.4 13FA653164205Netshareissues(liabilities) 21.2 114.5 12FA653093005Miscellaneousassets -229.3 -16.4 11FA653064100Corporateequities 208.0 14 10FA653069803Loans(otherloansandadvances) -63.4 -10.5 11 9FA653063005Corporateandforeignbonds -4.3 -14.8 13 8FA653062003Municipalsecurities -533.6 14.4 7FA653061703Agency-andGSE-backedsecurities -7.9 -1054.3 6FA653061105Treasurysecurities 1300.9 5FA653069100Openmarketpaper -4.2 45.2 3093.7 4FA654022005Debtsecurities 510.4 -19.0 -1.6 3FA652051003Securityrepurchaseagreements 793.3 9.6 9 0.0 2FA654090000Netacquisitionoffinancialassets -360.3 701.7 17.6 -538.3 1FA656006403Grosssaving 596.0 5 5.6 -421.0 -25.1 -5.9 189.9 3 820.7 -3.0 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 377.4 363.9 11.0 152.6 F.122 MutualFunds(1) -169.7 -2551.4 6.1 43.2 -1.1 1537.2 -137.2 -75.3 1 -104.8 -124.7 (1) Open-endinvestmentcompaniesincludingvariableannuitymoneymarketfunds. -533.6 151.2 222.4 110.2 -1054.3 14FA634090503Variableannuitymoneymarketfundsincludedabove -168.8 -185.1 -37.4 1300.9 155.7 3093.7 -8.6 Memo: 510.4 63.0 44.9 13FA634090005Netshareissues(liabilities) 793.3 -65.8 701.7 12FA633093005Miscellaneousassets 596.0 11FA633063005Corporateandforeignbonds 10FA633062000Municipalsecurities 189.9 9FA633061700Agency-andGSE-backedsecurities 8FA633061105Treasurysecurities 7FA633069175Openmarketpaper 6FA634022005Debtsecurities 5FA632051000Securityrepurchaseagreements 4FA633030000Timeandsavingsdeposits 3FA633020000Checkabledepositsandcurrency 2FA633091003Foreigndeposits 1FA634090005Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.121 MoneyMarketFunds(1) arenotseasonallyadjustedandthereforemaysumtototalnetacquisitionoffinancialassets (line2). (1) Open-endinvestmentcompaniesincludingvariableannuitymutualfunds.Quarterlyfiguresfor netacquisitionoffinancialassetsbyinvestmentobjective(lines16through20) 0821 002019 2020 2019 2018 117-0. 327-4. 219-7. 264-8. 38216 -308.2 -483.0 -266.4 -473.2 -241.9 12 -9.2 -242.4 -382.7 -422.1 -205.4 -31.4 -161.7 11 288.3 -566.5 -667.2 92.8 -330.7 5.8 -361.8 -251.8 -43.6 -202.4 83.4 -481.5 -219.4 -112.2 -120.6 9. 4. 9. 4. 1. 15. 4. 2566784 667.8 1235.6 448.9 -1154.0 517.2 342.7 299.5 342.0 196.2 8 -75.2 -298.4 6 4327.9 -494.0 925.0 -1046.6 3876.3 75.2 1680.6 580.9 238.2 1219.8 673.7 163.0 1004.0 170.6 319.0 181.7 5. 1. 5. 3. 10-8. 75-44-3818 -23.8 -24.4 17.5 -187.5 11.0 14 -34.6 -65.0 -54.5 -55.0 -15.2 -40.0 -58.7 -50.0 -38.8 -54.3 5 38.8 -52.5 -19.7 -48.4 -9.0 -78.7 8.6 -0.5 1 -65.0 -10.8 -55.0 4.7 -40.0 21.2 -50.0 -38.8 -16.4 -54.3 -52.5 -48.4 -78.7 961975. 0. 1. 6. 8710510820 100.8 19 120.5 607.5 17 68.7 -209.5 690.9 -218.4 -68.4 448.2 -186.6 115.5 -566.6 44.5 430.7 103.0 47.6 290.5 55.4 -29.4 295.0 109.7 325.0 -142.5 19.6 -6.0 96.4 40.9 8 93.4 147.8 6 52.8 179.0 -88.0 222.9 107.8 406.0 98.6 -1062.7 248.1 51.5 176.0 105.8 -63.7 22.1 120.0 69.7 7 20.1 -180.1 -42.8 4 -52.2 -108.6 -121.0 15.2 -115.4 39.6 -128.1 72.9 -63.8 43.5 7.2 41.1 -118.3 68.2 11.7 2258-. . 38-45-. 49-. 2 -0.7 -4.9 -6.6 -14.5 13.8 7.1 -6.7 5.8 -2.2 . . 001913. 2. 3. 7. 22512 -282.5 10 -76.1 -63.8 235.2 -44.1 123.3 16.4 38.5 6.0 139.1 -14.4 -0.0 -7.6 2.4 -21.4 1.4 -8.9 8.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 39

Transactions Transactions A6000 Ntsaeise laiiis 1. 2. 0. 4. 3. 7. 1. 5. 6. 8 561.3 454.2 616.7 5 371.4 172.6 336.8 194.8 349.6 295.1 500.9 -42.4 322.6 1 111.9 561.3 311.0 95.5 454.2 155.0 14FA564091203Municipalbondfunds 10 616.7 13FA564091303Taxablebondfunds -2.0 93.7 12FA564091403Hybridfunds 371.4 11FA563093003Commodityfunds(1) -0.2 33.6 336.8 10FA564092603Worldequityfunds 9FA564091600Domesticequityfunds 349.6 -0.5 Netacquisitionoffinancialassetsbyinvestmentobjective: 500.9 -0.2 Memo: 322.6 -0.4 8FA564090005Netshareissues(liabilities) 311.0 5 -3.2 0.0 7FA563093003Miscellaneousassets(1) -0.6 6FA563064100Corporateequities -0.7 -1.3 5FA563063003Corporateandforeignbonds 1.3 4FA563062003Municipalsecurities 1 3FA563061103Treasurysecurities 6.1 -4.6 2FA564022005Debtsecurities 0.3 -0.2 0.7 1FA564090005Netacquisitionoffinancialassets -0.7 1.9 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 11.3 F.124 Exchange-TradedFunds 0.2 4.6 2.0 6.4 12FA554092303Worldbondfunds 0.5 11FA554091203Municipalbondfunds 1.5 10FA554091303Domestictaxablebondfunds 9FA554092603Worldequityfunds 8FA554091603Domesticequityfunds 5.9 Netacquisitionoffinancialassetsbyinvestmentobjective: 1.9 Memo: 7FA554090005Netshareissues(liabilities) 6FA553064103Corporateequities 5FA553063003Corporateandforeignbonds 4FA553062003Municipalsecurities 3FA553061103Treasurysecurities 2FA554022005Debtsecurities 1FA554090005Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.123 Closed-EndFunds 40 (1) Investmentsprimarilyincommodities,currencies,andfutures.

Z.1, March11,2021 0821 002019 2020 2019 2018 3. 3. 8. 4. 2. 0. 8. . 5. 9 255.7 9.8 186.7 304.3 120.8 6 147.2 381.4 189.1 172.9 132.7 180.8 139.1 282.0 185.7 166.1 254.3 165.9 210.4 171581721141853. 2. 0. 7. 13 177.1 10 219.6 208.7 89.9 324.4 38.5 -58.3 -1.0 138.5 131.4 141.3 187.2 -48.7 135.8 62.5 3 91.7 7.4 29.8 15.6 70.3 2 202.1 29.9 225.4 81.8 340.9 28.6 43.2 38.7 156.2 33.7 146.1 202.9 44.1 148.3 58.7 99.0 0003061100330000-. 12 -0.9 0.0 8 9 0.1 -0.3 0.0 0.0 -0.0 3.3 0.0 0.0 0.0 6 -0.0 7.7 -0.2 1.1 1.6 3.1 0.0 0.6 3 -0.1 0.1 0.0 0.3 0.3 -0.1 2.0 7.7 0.5 -0.0 1.8 0.8 4.7 0.8 -0.1 -0.4 -0.0 -3.0 1.9 -1.1 -0.8 2.6 -0.4 -0.4 -0.5 -0.2 ...... 12 8.0 14 22.0 4.6 15.0 11 -22.2 1.6 15.9 55.9 3.8 2.4 94.9 15.6 5.3 46.2 11.9 7 -5.1 7.5 -22.2 14.2 37.3 4.2 55.9 10.4 43.7 4 94.9 5.5 6.6 22.0 8.4 46.2 1.7 15.0 1.7 -5.1 15.9 37.3 3.8 43.7 15.7 8.4 11.9 11 1.7 -1.5 14.2 -0.0 10.5 6.6 -0.2 0.5 7 -4.6 0.3 -0.2 5.4 4 -0.7 -1.5 -0.3 2 11.3 -0.0 -4.4 1.7 4.6 -0.2 -0.2 2.0 6.4 0.5 -0.7 1.5 3.6 0.3 5.9 -0.1 5.4 6.4 1.9 -0.3 -0.4 1.7 3.2 2.0 2.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F43623 on US oenetlas ...... 33 0.0 0.0 0.0 29 0.0 0.0 0.0 0.0 30 0.0 937.8 0.0 505.6 0.0 0.0 -177.4 0.0 1388.3 0.0 138.4 0.0 252.1 0.0 663.6 0.0 204.9 0.0 20 81.1 806.4 0.0 36FA407005005Discrepancy 638.2 19 878.9 451.3 35FA403190005Miscellaneousliabilities 681.2 225.2 34FA403164105Corporateequities 12 498.6 167.2 -2.2 33FA403169283Loans(U.S.governmentloans) 246.0 174.6 -2.9 32FA403161785Other 138.8 530.3 31FA403161795Consolidatedtrusts(2) 0.1 183.9 30FA403161705Debtsecurities(GSEissues)(3) 154.2 10 576.2 164.0 29FA402150005Federalfundsandsecurityrepos -46.5 -4.5 135.2 -37.7 28FA404190005Netincreaseinliabilities -2.9 113.4 6 -0.5 2 27FA403093005Miscellaneousassets -3.0 4 73.9 0.9 74.8 -16.6 26FA403066005Consumercredit -72.4 -2.3 -27.8 0.9 -53.7 25FA403065605Farm 284.4 24FA403065485Other -2.7 40.2 -283.7 23FA403065495Consolidatedtrusts(2) 0.8 -165.0 3 22FA403065405Multifamilyresidential 429.4 -6.0 -25.3 32.4 836.5 21FA403065185Other 0.9 1.3 20FA403065195Consolidatedtrusts(2) 3.8 418.5 -87.1 19FA403065105One-to-four-familyresidential 18FA403065005Mortgages -232.2 0.9 -8.4 30.2 -5.1 1404.7 17FA403069330FHLBloans 41.7 24.6 0.9 163.0 16FA403069345FarmCreditSystem 15FA403069385SallieMae 210.7 -2.2 -25.0 14FA403069305Otherloansandadvances 0.9 606.8 -12.6 13FA404023005Loans 0.9 199.7 12FA403063005Corporateandforeignbonds 112.6 0.9 11FA403062005Municipalsecurities 10FA403061705Agency-andGSE-backedsecurities 9FA403061105Treasurysecurities 8FA403069105Openmarketpaper 7FA404022005Debtsecurities 6FA402050005Federalfundsandsecurityrepos 5FA403030005Timeandsavingsdeposits 4FA403020005Checkabledepositsandcurrency 3FA404090005Netacquisitionoffinancialassets 2FA405013005Fixednonresidentialinvestment 1FA406000105Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.125 Government-SponsoredEnterprises(1) A1050 Mliaiyrsdnilmrggs4. 813. 694. 151. 305. 3 58.0 6 -14.5 73.0 30.7 1 10.5 2 -14.5 -72.4 -44.4 11.5 30.7 -42.1 117.3 49.9 -54.8 -44.4 136.8 46.9 106.0 117.3 98.8 88.2 38.3 136.8 22.3 98.8 52.0 38.1 113.8 22.3 -15.8 43.0 165.8 76.0 113.8 (2) Suchissuesareclassifiedasagency-andGSE-backed securities. CMOsandprivatelyissuedCMOs.Excludes FederalFinancingBankholdingsofpoolsecurities,whichareincludedwithfederalgovernment mortgagesandotherloansadvances. 165.8 123.0 onFannieMae’sandFreddieMac’sbalance sheets (tableF.125).Alsoincludesagency-andGSE-backedmortgagepoolsecuritiesthatareused ascollateralforagency-andGSE-backed (1) GinnieMae,FannieFreddieMac,Farmer Mac,andFarmersHomeAdministrationpools.Beginning2010:Q1,almostallFannieMae FreddieMacmortgagepools(F.126)areconsolidated 6FA413065005Netincreaseinpool securities(liabilities)(2) 5FA413065605Farmmortgages 4FA413065505Commercialmortgages 3FA413065405Multifamilyresidentialmortgages 2FA413065105One-to-four-familyresidentialmortgages 1FA413065005Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.126 Agency-andGSE-BackedMortgagePools(1) (3) Suchissuesareclassifiedasagency-andGSE-backedsecurities. (2) ConsolidatedtrustsreferstotheunpaidbalanceofsecuritizedmortgagesFannieMaeandFreddie Macmovedontotheirbalancesheetsatthebeginningof2010inresponsenewaccountingrules. FannieMae’sandFreddieMac’sbalancesheets(F.125). Association(SallieMae)wasincludeduntilitfullyprivatizedin2004:Q4.Beginning2010:Q1, almostallFannieMaeandFreddieMacmortgagepools(F.126)areconsolidatedon (1) FederalHomeLoanBanks,FannieMae,FreddieMac,FarmerFarmCreditSystem,theFinancingCorporation,andResolutionFundingCorporation.TheStudentMarketing 0821 002019 2020 2019 2018 1401. 204. 7. 110-8. 1425. 32 54.9 -174.2 -683.5 1131.0 -71.4 42.9 82.0 13.3 -114.0 9. 9. 8. 0. 0. 5. 0. 7. 8. 31 882.8 679.8 506.1 257.4 209.8 209.1 581.5 191.5 195.1 18 989.2 707.5 588.2 271.4 13 167.2 773.4 250.1 439.9 639.1 -552.6 1056.3 180.0 95.0 145.1 156.2 429.3 96.7 149.3 2. . 14122-753. 5. 3. 2. 36 123.1 134.0 -50.4 39.0 -27.5 112.2 61.4 8.2 27 13.4 -20.5 65.8 79.5 91.3 21 72.5 -32.1 42.9 79.4 47.3 62.5 20.8 32.1 -28.3 -15.7 9.3 45.9 -19.0 -50.7 6923162737611713. 28157094628 954.6 547.0 23 -288.1 76.4 22 1437.2 102.9 131.7 41.6 19.2 317.6 54.8 81.3 662.7 32.1 203.1 18.3 42.6 86.9 14.5 34.5 52.9 51.2 55.4 37.3 31.2 9 31.1 25.8 -49.9 103.9 5 255.1 -4.0 8.9 -19.0 78.1 -11.0 47.7 0.7 79.5 18.3 52.0 -13.3 15.2 -8.3 -4.4 12.7 53-. . 84-81-382. 2. 6524 26.5 -22.4 26.5 -13.8 -28.1 18.4 17 4.2 -236.4 -282.6 11 -6.2 -0.8 -1153.8 779.6 -5.3 -0.2 -89.4 -0.7 -96.5 -223.3 -0.2 -90.6 -0.1 -2.6 -1.0 -0.5 -0.6 -0.7 02-. 02-. 13-. 01-. 025 -0.2 -0.3 -0.1 -0.2 -1.3 -0.0 -0.2 -0.4 -0.2 . . . 10-. 14-255. 0935 20.9 34 51.7 -4.1 -72.5 -10.2 21.4 -38.2 -2.2 27.6 71.0 -4.4 5.3 26 -5.5 0.0 2.4 -6.2 25 0.0 7.3 -4.2 1.4 0.0 7.1 4.5 0.0 8.3 0.0 7.1 15 0.0 0.0 13.9 16 20.6 0.0 13.3 0.0 15.0 7.5 0.0 0.0 13.0 13.6 0.0 5.3 0.0 14 8 -215.8 5.9 4.4 17.2 0.0 -267.6 -1140.8 2.5 -5.2 0.0 784.9 7 -95.0 -72.2 -2.8 13.5 0.0 57.9 -93.9 7.4 4.2 0.0 -209.8 251.2 1 6.8 0.8 -83.2 -8.1 0.0 5.8 4.2 0.1 48.1 6.3 83.9 0.2 6.3 51.5 0.3 7.3 52.8 0.5 4.0 4.7 6.2 6.4 5.6 6.1 ...... 4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 41

Transactions Transactions 5 F63953 iclaeu ses(udn gemns 3 . . 9042822. 772. 3215 13.2 21.7 10 -77.7 17.7 -45.7 6 23.4 0.0 -44.7 8.2 2 38.8 0.0 0.0 4.2 -61.6 3 0.0 21FA643065045REITassets(6) 0.0 20FA675013263Consumerleases(5) -5.0 22.1 19.0 Securitizedassetsnotincludedabove 0.0 -32.3 6.2 8.0 0.0 Memo: 0.0 -5.7 3.1 -40.3 0.0 19FA677005005Discrepancy 4.8 0.0 180.1 18FA673163005Corporatebonds(net)(4) 0.0 56.0 17FA673169105Commercialpaper 0.0 0.0 16FA674122005Netincreaseinliabilities 147.1 0.0 35.7 15FA673090543Miscellaneousassets(fundingagreements)(3) 0.0 14FA673070003Tradecredit 0.0 67.8 0.0 13FA673066000Consumercredit 12.2 12FA673065505Commercial 0.0 11FA673065405Multifamilyresidential 10FA673065105One-to-four-familyresidential 9FA673065005Mortgages(2) 8FA673069005Otherloansandadvances 7FA674023005Loans 6FA673061703Agency-andGSE-backedsecurities(1) 5FA673061103Treasurysecurities 4FA674022005Debtsecurities 3FA674090005Netacquisitionoffinancialassets 2FA675013025Fixednonresidentialinvestment 1FA676330023Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.127 IssuersofAsset-BackedSecurities(ABS) 42 (6) IncludedintableF.129. Theleasedautomobileisanonfinancialasset;depreciationincludedinline1,andfixedinvestment2. (5) Receivablesfromoperatingleases,suchasconsumerautomobilearebookedcurrentincomewhenpaymentsreceivedandnotincludedinfinancialassets(orhouseholdliabilities). (4) Netissuancelessnetacquisitionofcorporatebondsheldasassets. (3) Fundingagreementswithlifeinsurancecompanies. (2) MortgagesbackingprivatelyissuedpoolsecuritiesandCMOs. (1) Agency-andGSE-backedmortgagepoolsecuritiesbackingprivatelyissuedCMOs.

Z.1, March11,2021 0821 002019 2020 2019 2018 1. 24-. 4623-. 18-. . 13 2.2 -3.2 -1.8 -2.2 2.3 -4.6 -1.2 -2.4 -11.9 222. 1. 665. 8. 371. . 21 1.5 14.2 23.7 17 -80.7 7.8 55.1 26.5 16.6 16 -5.0 -0.8 -10.3 8.0 9.9 29.2 -40.3 12.2 12 -9.2 10.1 180.1 4.5 18.6 56.0 9 10.9 -18.9 147.1 -71.2 52.3 -5.0 35.7 -30.4 17.6 -62.5 67.8 15.9 115.3 61.3 12.2 -29.6 15.5 89.1 17.4 -12.2 12.2 14.2 17.4 377. 481266. 7. 3. 1. 1. 18 -12.8 -18.5 -39.6 170.2 65.2 142.6 8 24.8 39.1 7 72.8 -29.8 35.3 -3.7 1.7 18.0 38.2 -46.3 151.2 51.0 23.7 49.8 134.3 32.7 19.2 36.5 48.3 -6.0 -0.4 ...... 20 0.0 0.0 19 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14 8.5 0.0 0.0 -11.3 0.0 0.0 11 -3.6 -5.9 0.0 0.0 -3.3 9.5 0.0 1.0 8.3 0.0 5 24.2 -1.6 4 3.1 3.1 14.3 0.2 -4.1 5.7 1 -4.1 0.6 0.0 -5.8 4.6 -5.8 1.4 -4.0 0.0 -4.0 2.5 15.8 0.0 15.8 0.5 10.3 0.0 10.3 -2.7 -2.7 0.0 12.6 12.6 0.0 8.1 8.1 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F63633 osmrlae o nlddaoe()06-. 9406-. 1. 2. 62-. 26 -0.2 -6.2 -21.3 21 0.4 -10.0 -1.3 6.0 0.6 0.1 18 11.6 -9.4 -0.7 32.1 -2.4 13.8 27.3 0.6 6.8 27.9 1.4 2.0 11 -14.2 5.3 12.8 3.9 8.5 24.7 -21.1 26FA613066303Consumerleasesnotincludedabove(3) 5.6 9.9 Memo: 5 2.3 -12.1 -26.4 4 6 25FA617005005Discrepancy 27.7 -35.7 -8.8 2.0 24FA613193005Other 51.2 -5.4 23FA613194003Investmentbyparent -11.9 9.8 22FA613190005Miscellaneousliabilities 3 2 50.8 17.1 12.5 -53.2 91.7 21FA613192003ForeigndirectinvestmentinU.S. 16.4 -6.6 20FA613178005Taxespayable 16.9 -8.6 -64.1 87.3 7.4 19FA613169005Otherloansandadvances -8.5 -34.0 -2.2 18FA613168005Depositoryinstitutionloansn.e.c. 77.7 12.5 161.7 17FA614123005Loans 10.0 -2.8 86.0 -64.8 10.4 16FA613163005Corporatebonds -6.0 3.3 15FA613169100Openmarketpaper 89.0 10.9 8.9 1 14FA614122005Debtsecurities -13.0 -2.0 123.9 89.3 2.6 13FA614190005Netincreaseinliabilities -0.5 128.2 -4.3 85.7 -3.5 12FA613090005Miscellaneousassets -4.5 125.1 11FA613092003U.S.directinvestmentabroad 89.6 114.4 -10.4 10FA613066005Consumercredit 85.0 115.5 9FA613065000Mortgages 8FA613069500Otherloansandadvances 117.9 7FA614023005Loans 122.9 6FA613063003Debtsecurities(corporateandforeignbonds) 111.6 5FA613030003Timeandsavingsdeposits 86.1 4FA613020003Checkabledepositsandcurrency 3FA614090005Netacquisitionoffinancialassets 2FA615013005Fixednonresidentialinvestment 1FA616000105Grosssavinglessnetcapitaltransferspaid(2) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.128 FinanceCompanies(1) (3) Seefootnote(5),tableF.127. (2) NetcapitaltransferspaidfromtableF.5,line57. (1) Includesretailcaptivefinancecompaniesandmortgagecompanies. 0821 002019 2020 2019 2018 1. 55-. 38-. 84-50-523923 3.9 24 -80.1 22 -15.2 -24.2 -76.2 -15.0 26.8 -39.4 -8.4 81.0 11.8 -5.5 -143.6 72.6 -34.5 -3.8 -149.0 0.9 -38.3 -8.7 -7.8 -13.8 -5.5 13 -51.7 -19.3 -64.0 -10.9 -62.6 -132.7 -8.6 200.7 -198.5 10.0 -1.2 -52.2 -13.4 16-27274. 7. 0. . 1191. 16 17.4 -111.9 14 2.9 2.3 12 -6.5 -129.4 103.1 -47.7 -46.9 -73.6 17.5 100.8 43.0 -67.1 60.6 2.7 29.3 -22.7 -42.7 -18.2 1.1 51.6 -43.8 6.0 44.1 -2.9 26.1 19-673. 77-0. 747. 2. 1325 21.3 -27.7 20 -1.8 72.9 19 -0.9 67.4 -2.5 0.5 -107.2 17 0.6 10.7 27.7 -1.4 0.3 32.6 33.5 -0.2 15 25.9 1.4 -14.5 -26.7 0.4 27.7 -17.6 -1.9 -1.7 -49.2 1.1 2.4 -0.9 10 -2.4 5.9 -0.5 13.9 -0.4 9 6.5 13.1 24.2 0.4 45.2 -3.0 -13.6 7 -14.6 5.9 22.8 -2.7 0.6 -20.9 -10.9 -19.3 -0.4 -1.1 -16.2 17.4 2.2 -1.9 -115.1 -7.5 3.8 16.0 1.2 -33.6 13.7 -7.1 -17.1 3.4 2.5 -20.3 -6.9 -4.5 -8.9 -6.0 . 1. 2. 2. 3. 15-2. 1. 1. 8 -18.4 -13.2 -127.0 51.5 -34.0 -22.1 -26.8 -10.4 9.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 43

Transactions Transactions 9 F63643 utfml eieta otae . . 393159-900727-. 29 -0.0 27 0.0 2.7 28 0.0 1.0 26 0.7 1.5 0.0 3.3 -19.0 14.2 0.0 0.8 5.9 23.7 0.0 -66.2 3.1 -80.7 23.9 55.1 0.0 -3.9 9.0 16.6 5.0 0.0 20 -10.3 -15.3 -5.3 1.6 0.0 29.2 9.6 -48.4 0.0 12.2 5.2 -114.4 155.0 15 -3.9 5.3 -9.2 -38.4 30FA643065543Commercialmortgages -3.2 -121.9 29FA643065443Multifamilyresidentialmortgages 10 28FA643065163One-to-four-familyresidentialmortgages -476.2 -9.2 -4.8 27FA643061743Agency-andGSE-backedsecurities 26.1 26FA643065045Securitizedassetsincludedabove 8 3.3 16.2 1.3 16.8 Memo: -19.9 7 -157.8 -15.9 25FA647005005Discrepancy -85.4 13.5 71.8 -29.0 5 24FA643193005Miscellaneousliabilities -30.4 3 -0.9 -21.1 43.3 -54.9 -3.0 23FA643164103Corporateequityissues 17.5 -45.8 9.3 12.7 4 2 2.7 22FA123165005Mortgages -23.5 -22.1 30.0 12.2 21FA643169373Otherloansandadvances -6.3 -541.5 20FA643168005Depositoryinstitutionloansn.e.c. 3.3 160.2 -0.7 -25.7 3.0 12.0 19FA644123005Loans -24.6 -12.4 -88.9 5.9 7.7 18FA643163005Corporatebonds 12.0 -3.4 16.3 29.5 17FA643169173Openmarketpaper -471.9 8.0 16FA644122005Debtsecurities 13.3 11.4 -129.9 -26.8 17.8 50.3 15FA642151073Securityrepurchaseagreements 13.5 80.5 8.0 8.9 19.4 14FA644190005Netincreaseinliabilities 13.6 -139.1 1.3 -4.8 77.4 13FA643090005Miscellaneousassets 12.4 7.1 67.2 12FA643065505Commercial 13.5 11FA643065405Multifamilyresidential 3.5 10FA643065105One-to-four-familyresidential 13.3 9FA643065005Loans(mortgages) 8FA643063005Corporateandforeignbonds 7FA643061773Agency-andGSE-backedsecurities 6FA644022005Debtsecurities 5FA643020005Checkabledepositsandcurrency 4FA644090005Netacquisitionoffinancialassets 3FA125012063Multifamilyresidentialinvestment 2FA125013005Fixednonresidentialinvestment 1FA646000105Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.129 RealEstateInvestmentTrusts(REITs)(1) 44 (1) AdditionaldetailonfinancialassetsandliabilitiesforequitymortgageREITsisavailabletablesF.129.eF.129.m.

Z.1, March11,2021 0821 002019 2020 2019 2018 3. 462. 291068. . 491. 25 19.4 -4.9 22 -1.0 1.3 8.0 86.6 -8.4 100.6 19 -6.4 32.9 3.7 25.6 -46.0 16.2 -134.4 34.6 2.2 143.1 -39.6 12.9 0.6 -7.5 1.9 -10.9 -15.8 -8.2 -12.9 1 -21.2 -8.7 -4.0 -14.6 -54.9 -12.1 -12.1 -29.9 -54.7 61-. 252. . 33962. 7524 17.5 26.1 23 17.7 9.6 18.6 -3.3 26.7 9.7 24.6 18 45.9 28.5 29.6 16 45.9 32.5 12.5 33.7 32.5 147.7 -7.2 21.9 -39.8 147.7 13 36.7 16.1 14 40.0 71.8 80.0 -39.8 12 21.5 -2.0 -10.2 71.8 75.6 -7.1 -36.0 27.8 75.6 46.6 -72.3 9 56.5 -3.7 10.5 -351.5 46.6 69.3 16.8 150.1 12.4 47.1 69.3 31.0 147.0 2.8 6 -26.8 -11.3 31.0 14.8 -87.7 15.7 12.6 -92.3 162.3 -16.8 -46.9 12.2 2.6 99.0 -19.6 38.2 8.3 21.0 -596.4 -15.0 15.7 11.1 18.9 10.0 20.2 -154.5 46.9 30.8 04-. 82-. . 1. 1. 55-. 21 -0.2 -5.5 -11.7 -15.6 0.6 -0.5 -8.2 -0.9 -0.4 . 4789452. . 22820630 0.6 8.2 22.2 4.5 25.3 4.5 8.9 14.7 17 5.3 0.0 0.0 0.0 0.0 0.0 11 3.0 0.0 3.2 0.0 -1.8 0.0 -19.3 0.0 10.3 5.0 -3.7 7.4 1.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F63643 utfml eieta otae . . 393159-900727-. 23 -0.0 21 0.0 2.7 22 0.0 1.0 20 0.7 1.5 0.0 3.3 -19.0 14.2 0.0 0.8 5.9 23.7 17 1.1 0.0 -66.2 3.1 -80.7 -1.5 23.9 55.1 0.0 -3.9 -2.2 9.0 16.6 5.0 0.0 4.0 -10.3 -15.3 1.6 0.0 29.2 9.6 -0.5 12 5.3 0.0 12.2 5.2 -3.8 -38.4 0.4 -121.9 7 -476.2 -3.4 -4.8 26.1 5 0.2 16.1 24FA643065543Commercialmortgages -1.0 16.8 23FA643065443Multifamilyresidentialmortgages 2 -19.9 22FA643065163One-to-four-familyresidentialmortgages -16.5 -1.3 4 -157.8 21FA643061743Agency-andGSE-backedsecurities -85.4 13.5 20FA643065045Securitizedassetsincludedabove 71.8 -30.9 3.0 -30.1 -0.9 -55.4 Memo: 43.3 17.5 -12.1 1 11.1 19FA643193075Miscellaneousliabilities 9.3 18.7 32.6 -23.5 -6.2 18FA643169373Otherloansandadvances -541.5 2.2 17FA643168073Depositoryinstitutionloansn.e.c. 3.4 1.3 3.0 -25.9 16FA644123075Loans -81.5 7.8 1.9 -3.4 15FA643163075Corporatebonds 16.3 14FA643169173Openmarketpaper -631.5 8.2 13FA644122075Debtsecurities 5.6 -129.9 -24.7 50.3 12FA642151073Securityrepurchaseagreements 44.6 2.4 19.4 11FA644190075Netincreaseinliabilities -173.0 0.7 12 69.0 10FA643090075Miscellaneousassets -6.3 75.3 9FA643065573Commercial 10 -46.9 45.3 8FA643065473Multifamilyresidential 7FA643065173One-to-four-familyresidential -112.1 10.9 6FA643065075Loans(mortgages) 151.0 5 113.3 5FA643063073Corporateandforeignbonds -3.4 -0.0 4FA643061773Agency-andGSE-backedsecurities 22.8 3FA644022075Debtsecurities -5.4 0.1 11.3 2FA643020073Checkabledepositsandcurrency -3.6 0.0 56.1 3 1FA644090075Netacquisitionoffinancialassets -5.8 2.3 0.0 48.1 2 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 3.1 -19.8 1 0.6 36.0 -0.3 F.129.m MortgageRealEstateInvestmentTrusts 11.3 -48.8 17.2 1.9 -0.0 -27.9 -10.0 0.5 -7.4 0.0 127.5 16FA123193005Miscellaneousliabilities -13.7 159.5 1.5 -0.1 15FA123165503Commercial 27.6 -2.1 14FA123165403Multifamilyresidential -0.0 -0.1 13FA123165005Mortgages 12.2 12FA123168003Depositoryinstitutionloansn.e.c. 36.0 11FA124123005Loans 1.3 6.5 33.9 10FA123163003Debtsecurities(corporatebonds) 0.0 8.3 -5.4 9FA124190005Netincreaseinliabilities 3.2 -8.2 8FA123093005Miscellaneousassets 7FA123065503Commercial 6FA123065403Multifamilyresidential 5FA123065103One-to-four-familyresidential 4FA123065005Loans(mortgages) 3FA123063003Debtsecurities(corporateandforeignbonds) 2FA123020003Checkabledepositsandcurrency 1FA124090005Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.129.e EquityRealEstateInvestmentTrusts 0821 002019 2020 2019 2018 1. . 09441. . 981. 6115 -6.1 13 -1.0 11.2 8.0 -9.8 11 -8.4 1.2 -7.3 3.7 -38.9 12.5 -120.5 16.2 4.4 154.7 2.2 -0.9 12.8 0.6 -3.2 3.0 1.9 -3.0 -11.4 -4.0 -15.8 -12.7 51-09527937-18701. . 19 8.2 17.3 7.0 15 -11.8 0.7 13 3.7 0.7 21.7 7.9 21.7 34.4 34.4 5.2 -62.7 11 10 9 15.0 12.3 60.5 -62.7 -1.8 -10.9 -6.5 -12.6 60.5 19.5 15.1 10.2 -35.9 -94.4 19.5 -1.5 9.8 6 28.1 -562.1 -4.8 -1.5 33.3 90.4 8.6 11.1 29.3 33.3 13.8 39.9 -0.1 -30.0 3 -12.0 13.8 12.5 -162.0 10.7 -2.0 -95.4 89.9 -17.4 6.7 -51.2 4.5 71.9 -21.6 32.7 4.9 21.2 -596.9 -20.7 14.2 16.4 15.2 10.1 25.9 -155.8 46.9 27.6 04-. 82-. . 1. 1. 55-. 18 -0.2 16 0.9 -5.5 -7.0 -11.7 -15.6 -13.9 0.6 -11.5 0.1 -0.5 -4.3 -8.2 -7.9 -0.9 -4.3 -0.4 -0.3 14 5.1 -3.3 1.4 2.5 8 3.6 7 27.7 6 -0.2 1.3 2.4 -2.2 4 17.6 1.1 0.2 1.4 -0.1 0.6 17.8 0.1 28.4 -1.1 3.8 0.7 5.7 -0.8 -4.4 3.1 3.1 1.5 2.9 5.1 4.4 0.5 14.6 5.5 5.6 -1.9 0.2 3.3 -0.2 5.7 0.5 -5.4 3.7 -0.3 -5.7 . 4789452. . 22820624 0.6 8.2 22.2 4.5 25.3 4.5 14 0.0 8.9 0.0 14.7 5.3 0.0 0.0 0.0 8 1.8 0.0 3.0 0.0 -1.9 0.0 -18.5 0.0 8.8 4.4 -3.9 6.9 16 9.4 1.8 8.8 2.7 8.5 6.0 9 20.6 47.4 7.3 -19.2 3.7 -4.6 1.0 186.0 30.1 73.4 52.4 35.8 5.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 45

Transactions Transactions 7 F63905 netetb aetcmais1. 379. 975. 3. 4. 9418827 188.8 99.4 25 -14.2 142.6 44.4 -36.6 118.5 58.5 -155.4 79.7 20 53.3 -11.5 98.6 42.8 -25.1 63.7 18 -244.0 -1.7 73.8 258.1 14.5 30.7 -57.2 3.6 17 244.1 14 -7.1 -308.7 -37.2 131.2 9.5 331.7 -8.1 -542.1 -37.4 30FA667005005Discrepancy 10.6 243.8 -14.2 -90.1 29FA662090003Proprietors’netinvestment 2.3 -474.9 11 18.1 12 9.9 -47.1 369.1 399.0 28FA663193005Other 4.2 29.1 61.8 27FA663194005Investmentbyparentcompanies 19.3 258.0 -10.0 26FA663190005Miscellaneousliabilities 4.5 9 -32.0 -87.0 56.6 -1.7 25FA663192005ForeigndirectinvestmentinU.S. -8.8 34.2 85.2 -10.4 305.9 24FA663178005Taxespayable -107.7 4 -56.6 74.0 23FA663170003Tradepayables 18.6 26.8 18.0 36.0 5 22FA663164103Corporateequityissues 12.4 -2.9 58.1 -20.1 172.3 2 4.2 21FA153067005Otherloansandadvances 163.8 -92.1 -12.6 -19.2 35.6 20FA663168005Depositoryinstitutionloansn.e.c. 35.1 19FA664123005Loans 3 -22.0 147.0 -803.2 16.7 34.7 674.9 -23.8 348.1 0.5 18FA663163003Debtsecurities(corporatebonds) 24.9 -7.9 3.0 33.7 -282.2 17FA662151003Securityrepurchaseagreements 1 0.4 28.9 413.2 35.7 -973.5 37.5 16FA664190005Netincreaseinliabilities -73.8 13.2 1125.6 18.3 35.7 37.9 -619.9 15FA663090005Miscellaneousassets 80.8 -1.0 14FA663092003U.S.directinvestmentabroad 35.7 424.9 35.3 206.2 207.5 7.3 13FA663064103Corporateequities 34.9 30.2 109.7 12FA663069005Loans(otherloansandadvances) 35.4 29.5 261.8 11FA663063005Corporateandforeignbonds 33.2 35.6 10FA663062003Municipalsecurities 9FA663061703Agency-andGSE-backedsecurities 35.2 8FA663061105Treasurysecurities 7FA663069103Openmarketpaper 28.3 6FA664022005Debtsecurities 8.7 5FA662051003Securityrepurchaseagreements 4FA663020003Checkabledepositsandcurrency 3FA664090005Netacquisitionoffinancialassets 2FA665013005Fixednonresidentialinvestment 1FA666000105Grosssavinglessnetcapitaltransferspaid(1) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.130 SecurityBrokersandDealers 46 (1) NetcapitaltransferspaidfromtableF.5,line58.

Z.1, March11,2021 0821 002019 2020 2019 2018 5. 2. 7. 4. 69215. 12. 5. 3. 16 736.1 -55.3 -1026.4 1052.1 -689.2 447.1 8 176.6 -57.4 129.6 6 -183.0 -139.7 259.9 4.9 -230.1 -52.2 -77.8 53.2 -89.2 -201.5 -66.0 1.2 -78.3 -73.1 -92.2 139.1 -74.3 154.7 2. 27-052. 7. 7. 5. 5. 3130 63.1 -55.1 -51.2 26 28 -78.9 195.1 6.3 23 -75.6 7.3 -7.8 -107.2 22.1 35.1 -4.3 -107.5 -30.5 -222.5 -259.1 -9.3 -210.1 12.7 -151.5 -99.5 17.4 -19.8 -26.3 -107.7 -9.2 1.2 -59.8 4.0 1.8 -33.9 -19.4 2.8 -1.0 15 344.7 -27.8 13 -82.1 -21.8 37.7 56.9 18.2 419.8 -169.2 54.3 16.4 -94.9 199.9 -23.2 73.3 7.0 -59.8 -22.8 -19.9 232. 56261. 15-17075. 22 51.9 0.7 -21.7 21 112.4 31.5 -127.3 12.5 -77.2 573.5 2.6 -36.1 15.6 123.4 22.1 120.3 21.1 -2.3 -2.0 10 -15.2 6.7 -21.1 -10.0 -15.6 7.3 -9.9 -5.2 -5.3 . . . . 15531. 551. 29 13.0 -5.5 14.6 5.3 24 -0.5 11.5 -4.6 8.8 8.5 6.9 5.3 5.2 -6.6 9.5 19 -1.1 165.7 2.2 -152.3 -321.2 -1.4 831.6 -32.5 0.6 132.9 130.9 23.4 2.1 7 -11.3 -7.9 -30.8 48.7 -20.9 7.2 -0.3 -2.9 2.1 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F73903 oeg ietivsmn nUS 2 24-0479-782. 6. 133-831. 26 14.0 21 -38.3 -0.1 -113.3 0.1 169.2 24.7 0.0 20 -37.8 293.4 -0.0 7.9 -83.8 18 0.0 -83.5 322.9 -20.4 16 -65.8 0.0 131.3 -4.3 12.4 69.1 15 17 -332.6 0.0 228.7 0.8 -0.0 -292.6 14 -46.3 9 23.4 -0.2 166.0 -0.0 0.0 -1.0 30FA737005005Discrepancy 2.6 -126.1 -189.5 -158.1 4.4 10 12.5 13 -0.0 29FA733193015Other 17.6 -3.4 0.0 264.0 -239.0 -26.1 183.1 28FA733164005Equity,etc. 8 -31.6 -19.3 27FA733193005Miscellaneousliabilities -7.6 -57.7 -7.0 63.9 11.3 -9.9 -23.7 5 -1.2 -0.6 -38.7 26FA733192003ForeigndirectinvestmentinU.S.(2) 19.1 -28.7 502.4 -0.6 -1.8 0.1 -7.0 24.9 44.3 0.7 61.0 25FA733164103Corporateequityissues 81.7 59.7 -4.0 -2.0 -7.5 1.0 -32.8 24FA733163003Corporatebonds 117.7 21.5 -0.6 80.5 8.3 -4.8 23FA733169103Commercialpaper -18.3 -5.9 51.9 -41.1 2 22FA734122005Debtsecurities -23.2 -3.9 -0.0 40.7 3 9.1 -13.3 -3.2 202.6 -8.7 1.1 21FA732151003Securityrepurchaseagreements 396.7 0.8 3.7 39.7 103.0 -5.8 5.0 -18.4 13.4 20FA734190005Netincreaseinliabilities -11.0 4.8 38.2 1.2 -0.4 433.0 -10.7 -18.8 4.5 19FA733093005Other 18FA263194735Nettrans.withforeignaffiliates 39.8 226.5 39.8 1.9 17FA663194735Nettrans.withbrokeranddealeraffiliates -78.4 16FA613194733Nettrans.withfinancecompanyaffiliates 39.7 0.4 14.2 15FA543194733Nettrans.withlifeinsurancecompanyaffiliates -1.4 14FA513194733Nettrans.withproperty-casualtyins.co.affiliates 39.6 -4.0 13FA763194735Nettrans.withdepositoryinstitutionaffiliates 259.5 12FA733090005Miscellaneousassets 39.6 142.5 11FA733040005Lifeinsurancereserves 39.2 -16.3 10FA733069005Loans(otherloansandadvances) 37.5 9FA733063003Corporateandforeignbonds 8FA733061703Agency-andGSE-backedsecurities 7FA733061103Treasurysecurities 6FA734022605Debtsecurities 5FA732051003Securityrepurchaseagreements 4FA733030003Timeandsavingsdeposits 3FA734090005Netacquisitionoffinancialassets 2FA735013005Fixednonresidentialinvestment 1FA736000105Grosssaving Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.131 HoldingCompanies(1) (2) InvestmentinU.S.IntermediateHoldingCompanies. (1) Parent-onlybankholdingcompanies,savingsandloancompaniessecuritythatfileFederalReserveBoardformFRY-9LP,Y-9SP,or2320. 0821 002019 2020 2019 2018 113-4. 1. 142-8. 1943. . 2225 22.2 6.9 37.5 -139.4 -184.2 -164.2 -18.2 -149.8 -111.3 7. 7. 2. 6. 2. 7. 996. 5. 1 158.8 69.4 79.9 173.9 129.3 164.7 120.5 171.6 173.7 8. 182-26-6. 1463. 6. 3. 4730 14.7 -35.7 28 27 220.8 224.2 -68.4 127.3 99.1 38.9 77.0 123.8 -164.6 -224.5 24 -268.4 -166.0 26.8 -71.3 -84.0 -12.6 22 -102.0 33.1 -146.2 -61.7 -168.2 50.2 276.9 -86.6 -151.5 44.7 371.8 -35.3 274.8 19 -28.8 7.6 -97.2 -98.2 370.0 -93.2 -18.7 -89.1 -18.7 132.3 -28.9 12.5 41.0 131.6 -15.1 12 40.9 -48.4 -42.1 331.3 -46.9 -49.5 8.0 -3.4 374.3 -24.8 235.9 -10.0 -64.4 -108.2 237.4 95.6 -26.7 282. . 231. 3. . 063. 7 34.4 6 -0.6 27.1 6.6 -33.7 10.3 -35.0 -53.9 12.9 17.9 62.3 64.8 1.4 -12.5 22.1 29.0 12.8 31.5 2401-. 1. 67-. . . 244 -2.4 1.3 2.7 -3.8 -6.7 -13.6 -0.6 0.1 -2.4 . . 554. 1. 4. 68-823529 3.5 -28.2 46.8 -43.9 23 6.3 -12.7 40.3 -5.3 -5.5 -2.1 6.5 -1.8 5.0 8.1 -10.2 11 -0.7 4.0 -0.1 4.0 1.5 4.0 4.0 4.0 4.0 4.0 4.0 4.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 47

Transactions Transactions 7 F53925 qiyi eea eev aiiis()0000125000000400000027 0.0 23 0.0 0.0 0.0 450.0 0.0 20 0.0 82.8 0.0 0.0 19.3 0.0 60.6 0.0 0.0 0.0 112.5 0.0 0.0 0.0 0.0 0.0 0.0 14 -39.9 13 0.0 40.7 -36.3 10 76.0 55.6 0.0 8 -41.7 332.2 19.5 7.3 -43.7 7 0.0 -300.6 0.1 4 -2.0 28FA503193005Other(net) 11.4 66.2 -17.0 0.0 27FA503194205EquityinFederalReservefacilities(2) 8.5 0.1 26FA503194305EquityinterestunderPPIP 3.2 31.0 108.3 25FA663097005Securitiesloaned(net) 0.0 16.9 24FA503190005Miscellaneousliabilities -5.9 23.4 382.5 -14.5 0.0 23FA503192003ForeigndirectinvestmentinU.S. 42.3 0.0 -27.6 3.5 -12.4 2 22FA503164105Corporateequities 48.3 37.7 -3.5 0.0 3.5 0.0 19.2 21FA503169205Otherloansandadvances 20FA713068505Depositoryinstitutionloansn.e.c. 48.9 1 43.4 0.0 12.4 0.8 19FA504123005Loans 0.0 150.9 -107.1 0.2 254.7 18FA503163005Corporatebonds 0.0 -0.7 392.4 95.7 17FA503169105Openmarketpaper 557.6 16FA504122005Debtsecurities -17.0 -1.9 0.0 0.0 260.9 50.1 15FA504190005Netincreaseinliabilities 108.8 0.0 0.0 95.6 14FA663194505Investmentinbrokersanddealers -1.8 13FA753194503Investmentinforeignbankingoffices 0.0 12FA503094505Miscellaneousassets -1.1 306.0 11FA503064105Corporateequities -3.3 8.6 10FA503069005Loans(otherloansandadvances) 78.0 9FA503062003Municipalsecurities 8FA503063005Corporateandforeignbonds 7FA503061303NonmarketableTreasurysecurities 6FA503069105Openmarketpaper 5FA504022005Debtsecurities 4FA502051003Securityrepurchaseagreements 3FA503034005Moneymarketfundshares 2FA713129005Checkabledepositsandcurrency 1FA504090005Netacquisitionoffinancialassets Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.132 OtherFinancialBusiness(1) 48 (2) U.S.TreasuryExchangeStabilizationFundEconomicRecoveryProgramsequityinvestmentinFederalReserveSPVs. designatedfinancialmarketutilities(DFMU). credit,andliquidityfacilityspecialpurposevehicles(SPV)createdinresponsetothe2008FinancialCrisisCOVID-19pandemic,depositsatFederalReservebanksof SPVsand (1) Includesfundingsubsidiaries,custodialaccountsforreinvestedcollateralofsecuritieslendingoperations,fundsassociatedwiththePublic-PrivateInvestmentProgram(PPIP),FederalReserve funding,

Z.1, March11,2021 0821 002019 2020 2019 2018 1. . 813. 1432411. 13919525 149.5 -123.9 12.8 234.1 -124.3 35.4 68.1 1.7 -18.9 6 5 165.5 203.6 204.8 204.7 -224.3 171.6 -234.5 -211.1 34.0 21.6 -206.9 -203.4 -22.1 92.2 -90.8 -90.6 -12.7 -14.6 23-118. 107137360-7. 9. 5. 28 -59.3 293.6 24 90.2 -276.9 396.0 169.7 163.7 185.9 -130.7 630.1 88.4 39.4 18 -31.1 -40.1 -95.3 16 -22.2 52.3 90.8 269.0 65.7 15 342.4 -29.4 150.9 311.1 -298.0 33.4 254.7 71.1 -369.3 12 557.6 -76.2 69.4 123.8 260.9 34.3 93.5 23.8 108.8 288.5 -1.8 -3.7 43.7 -289.3 306.0 38.0 69.3 35.3 8.6 44.7 93.8 78.0 -10.7 3 38.7 -81.0 81.0 -43.1 189.6 337.9 40.7 54.1 100.9 60.8 15.6 ...... 26 0.0 0.0 22 0.0 0.0 21 0.0 0.0 0.0 0.0 19 0.0 0.0 82.8 0.0 0.0 0.0 19.3 0.0 60.6 0.0 0.0 17 17.9 0.0 0.0 0.0 0.0 -25.1 0.0 0.0 0.0 0.0 -31.3 11 0.6 0.0 0.0 -71.3 0.0 -1.7 2.6 9 40.7 0.0 0.0 18.5 -30.3 0.0 31.9 0.0 1.8 -27.4 0.0 0.0 -5.7 4.8 0.0 9.3 0.0 0.0 0.0 8.8 0.0 0.0 6.3 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

9 F26005 e ..icm eeps()24729611929821123211921311259 121.2 211.3 62 52 58 -852.3 -1.2 -804.2 151.9 55 -700.3 60 -736.1 61 0.7 0.9 243.2 311.4 142.1 -566.2 -545.2 281.1 -423.4 320.6 145.1 0.8 -494.3 0.0 53 -435.6 279.8 312.1 139.2 -549.8 -24.0 54 -507.8 0.5 5.2 181.9 -631.8 316.7 -83.5 144.4 -812.0 -635.5 -644.9 269.6 309.9 -523.2 142.9 -65.8 -0.0 -502.8 0.0 45 -610.5 50 1415.8 284.7 310.8 24.2 155.1 -467.8 21.0 69.1 -609.5 1.4 11.0 0.1 315.2 142.7 -19.1 178.7 -46.3 3.8 309.1 0.7 147.2 -32.4 269.0 1.2 46 -126.1 41.3 293.2 150.2 44 37 12.5 -75.0 14.2 21.0 0.5 68.5 11.8 1.4 381.3 319.7 -31.6 -0.5 2.1 -5.8 7.3 0.8 -390.1 1.3 -6.2 62FA266000005=Balanceoncurrent account,NIPAs -1.2 1073.5 -7.9 0.2 61FA266400201+Curr.taxesandtrans. paymentsfromrestofworld -122.8 19.8 -1.5 -247.6 60FA266400101-Curr.taxesandtrans. paymentstorestofworld 98.4 24.9 333.9 39 59FA266904005+NetU.S.incomereceipts (7) -208.7 -1.6 341.6 -1.0 58FA266903005NetU.S.exports,NIPAbasis 118.9 47.3 276.5 Memo: 35 -103.5 36 7.1 -169.4 0.8 3.3 126.6 -191.3 504.4 -345.2 57FA267005005Discrepancy(FOFbasis) 171.3 68.5 -292.4 391.0 -5.8 7.5 7.4 56FA263176005Policypayables -1164.6 -280.7 86.8 55FA263195105Accidentandhealthinsurancereserves 3116.0 34 9.5 4.7 502.8 54FA263194735Netinvestmentbyholdingcompanies 280.0 317.8 58.2 53FA263191103Nonofficialforeigncurrencies 71.0 28 176.6 52FA313092803U.S.equityinIBRD,etc. 731.3 4.7 1.7 53.5 51FA263190005Miscellaneousliabilities 27 109.1 97.4 540.8 171.6 50FA263192005U.S.directinvestmentabroad(4,5) 59.7 5.0 3.5 49FA263150005Pensionentitlements 116.4 369.1 17.4 170.0 48FA263140005Lifeinsurancereserves 25.7 47FA263170005Tradepayables 436.0 1.0 309.0 20 781.9 46FA263164100Foreigncorporateequities(6) -8.7 25 168.2 204.0 38.1 -76.1 4.3 45FA263169005Otherloansandadvances 120.5 -26.5 181.0 44FA263168005Depositoryinstitutionloansn.e.c. 201.8 21 -187.1 43FA264123005Loans 37.3 167.1 2.0 282.1 21.6 -301.1 80.1 42FA263163005Bonds -89.0 243.4 41FA263169105Commercialpaper 275.7 76.8 21.6 9.1 223.7 40FA264122005Debtsecurities 18 -475.9 26.4 143.9 39FA262151003Securityrepurchaseagreements 97.5 21.6 153.1 496.4 38FA263191005U.S.privatedeposits 132.1 54.2 37FA263111005U.S.officialreserveassets -62.2 23.5 12 21.6 -161.6 0.0 55.0 -43.6 28.1 36FA264190005Netincreaseinliabilities 2.0 290.7 1.3 56.1 24.6 35FA263076005Miscellaneousassets(insurancereceivables) 9 14 65.5 34FA263092001ForeigndirectinvestmentinU.S.(5) 14.4 1851.5 -5.8 13 95.7 33FA543151905Pensionentitlements 0.0 11.6 498.3 1347.1 74.9 32FA543141905Lifeinsurancereserves 17.3 -4.6 790.7 31FA263070005Tradereceivables 187.1 -30.8 0.0 30FA263064203Mutualfundshares 155.4 1351.7 3032.4 -4.7 29FA263064105U.S.corporateequities -83.5 57.8 226.7 -0.0 28FA263069500LoanstoU.S.corporatebusiness -12.3 -91.1 746.8 79.5 27FA263063005U.S.corporatebonds(4) -0.1 -8.5 10 26FA263062003Municipalsecurities 15.5 1392.3 858.1 25FA263061705Agency-andGSE-backedsecurities 0.3 582.4 -3.7 24FA263061105Treasurysecurities 851.5 704.8 7 23FA263069103Openmarketpaper 745.0 8 213.3 570.9 -0.1 776.5 22FA264022005Debtsecurities -6.9 142.1 21FA262051005Securityrepurchaseagreements 3 309.0 435.8 973.0 20FA263034003Moneymarketfundshares 145.1 -0.1 -6.6 655.3 1 19FA263030005U.S.timedeposits 444.1 866.0 4 139.2 18FA263020005U.S.checkabledepositsandcurrency 761.7 3978.8 311.4 -4.5 511.5 1054.6 17FA264016005Netinterbankassets 144.4 3890.0 714.2 16FA313111303SDRallocations 320.6 1165.9 642.4 3359.6 15FA263011205Monetarygold(3) 142.9 1181.2 811.4 312.1 4061.1 509.4 917.5 155.1 14FA264090005Netacquisitionoffinancialassets 884.8 4260.1 316.7 472.3 1169.8 142.7 4349.3 901.4 13FA265000005Netlending(+)ornetborrowing(-) 309.9 1142.9 3822.4 147.2 735.6 310.8 4334.5 12FA265420005Nonproducednonfinancialassets 150.2 11FA265090005Grossinvestment 900.2 4289.5 315.2 858.2 10FA266000105Grosssavinglessnetcapitaltransferspaid(2) 309.1 9FA265440005-Netcapitaltransferspaid(1) 293.2 8FA266400201Curr.taxesandtrans.paymentsfromrestofworld 7FA266904001U.S.incomereceiptsfromrestofworld 6FA266903011U.S.exports 5FA266900005ForeignoutlaystoU.S. 4FA266400101Curr.taxesandtrans.paymentstorestofworld 3FA266904101U.S.incomepaymentstorestofworld 2FA266903001U.S.imports 1FA266905005ForeignincomefromU.S. Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.133 RestoftheWorld (7) Consistsofnetreceipts fromforeignersofinterest,corporateprofits, and employeecompensation.Equalsdifference between GNPandGDP. (6) IncludesAmericanDepositary Receipts(ADRs). (5) Directinvestmentis valued onamarketvaluebasis.Excludescapital gainsandlosses. (4) Through1992:Q4,corporatebondsincludenet issuesbyNetherlandsAntilleanfinancialsubsidiaries;U.S.directinvestmentabroadexcludes netinflowsfromthosebondissues. (3) U.S.netsales,signreversed. (2) Line1minusline59.Alsoequal toline62withthesignreversedminus9. (1) TableF.5,line67. 0821 002019 2020 2019 2018 58721. 16620. 55723. 78227. 2806 5 2208.0 3126.5 2071.6 3189.7 1788.2 2793.4 2438.7 2 3637.7 2515.7 3012.1 3824.5 2505.2 2807.7 3841.5 2126.6 2333.3 3186.9 2514.8 2933.0 3831.8 2528.7 3065.4 3821.7 3137.1 2771.5 3125.2 3138.2 6. 9. 294461553593-8. 8. 49057 -489.0 -87.2 -780.8 519.3 535.3 496.1 -209.4 296.2 163.4 42 135.3 70.4 40 255.6 351.9 161.7 -603.2 357.1 337.4 -741.2 14.5 377.4 -11.4 170.6 8.3 74.3 139.0 158.8 29 145.3 955.1 620.2 349.0 24 865.7 228.6 -237.7 22 168.2 437.3 -163.7 438.6 697.5 -81.4 -1148.2 -205.4 1005.9 -70.4 110.9 -1011.9 297.2 133.7 -78.2 523.7 87.5 225.7 120.2 444.3 142.6 11 1347.1 792.1 1351.7 -83.5 -91.1 15.4 851.8 213.3 309.0 3...... 16283348 3.3 2.8 -1.6 5.5 0.7 3.3 2.5 1.8 -31.6 87314549191. 22322849 2.8 3.2 51 -99.2 -2.2 -856.0 -440.7 14.1 1379.4 -104.1 1.9 19.7 43 92.7 4.9 -4.1 -24.8 4.5 5.9 -155.1 38 355.0 3.1 -202.3 18.7 33 -43.9 49.4 0.6 58.7 -474.8 126.8 0.6 725.3 66.9 31 203.9 20.8 -0.4 93.9 89.5 16.7 2.8 30 52.4 -65.1 1.1 24.7 0.4 -8.1 62.2 45.8 -112.1 1.0 66.3 16.1 167.5 0.9 9.0 -74.8 -27.8 0.6 27.0 -4.5 19 18.6 11.0 139.0 -53.0 33.4 -47.0 17 28.7 -275.7 -65.4 -263.5 413.8 -742.8 -25.2 1399.2 55.6 -18.0 55.1 110.1 -5.0 29.3 36.7 -83.3 48.9 930304050109-. . . 32 0.5 0.4 -0.2 0.9 26 32.1 0.1 2.9 0.5 17.1 23 -33.1 0.4 -3.3 -82.9 4.7 0.3 69.4 4.8 -9.3 -60.0 -28.8 12.2 87.4 4.0 -26.6 -1.6 5.5 -9.5 . . 162796471. 018956 8.9 20.1 12.8 4.7 47 9.6 35.7 2.7 0.8 11.6 -0.7 5.5 -10.6 -3.8 41 1.8 120.3 20.8 91.3 6.3 5.2 2.0 -138.0 40.0 2.7 156.1 19.7 84.4 6.3 16 0.0 15 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 49

Transactions Transactions A1110 Fdrlgvrmn:SRalctos0000000000000000002 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 0.0 F.201 SpecialDrawingRights(SDRs)CertificatesandTreasuryCurrency 0.0 andthecounterpartsarerecordedasdecreases(increases)inassetsofrestworld. 0.0 (2) Byinternationalaccountingstandards,transactionsinmonetarygoldarerecordedthefinancialaccountofdomesticsectorsasincreases(decreases)assets, (1) IncludesfederalgovernmentliabilitytoIMFforspecialdrawingrights(SDRs)allocationsandaccruedinterest. 0.0 19FA713011505Otherreserves 18FA713011405ReservepositioninIMF 0.0 17FA713011203Monetarygold(2) 16FA713011005Monetaryauthority 0.0 15FA313111303SDRallocations 14FA263011205Monetarygold(2) 0.0 13FA263011005Restoftheworld 12FA313011505Otherreserves 0.0 11FA313011405ReservepositioninIMF 10FA313011303SDRholdings 0.0 9FA313011205Monetarygold(2) 8FA313011005Federalgovernment 7FA893011005Netchangeinassets 6FA263111503Otherreserves 5FA263111403ReservepositioninIMF 4FA313011303SDRholdings 3FA263111005Restoftheworld 2FA313111303Federalgovernment:SDRallocations 1FA893111005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.200 U.S.OfficialReserveAssetsandSDRAllocations(1) 50 A0010 Dsrpny-nloae ses1594. 2. 5. 2. 7. 556-68-3. 5 -237.6 3 -66.8 40.0 -565.6 29.4 771.5 1 123.1 -202.3 127.4 -43.9 -69.5 153.4 -474.8 57.6 -24.6 725.3 -70.5 47.1 203.9 30.8 175.9 89.5 10.3 1.1 -110.3 62.2 66.3 5FA903091005Discrepancy--unallocatedassets 4FA633091003Moneymarketfunds 3FA103091003Nonfinancialcorporatebusiness 2FA153091003Householdsector Heldby: 1FA263191005Totalrestoftheworldliability Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.202 U.S.DepositsinForeignCountries 5FA903012005Discrepancy(seigniorage) 4FA713012003Asset:Monetaryauthority 3FA313112003Liab:Federalgovernment Treasurycurrency: 2FA713014003Asset:Monetaryauthority 1FA713014003Liab:Federalgovernment SDRcertificates:

Z.1, March11,2021 0821 002019 2020 2019 2018 2258-. . 38-45-. 49-. 4 -0.7 -4.9 -6.6 -14.5 13.8 7.1 -6.7 5 -0.3 5.8 3 0.0 -0.6 -2.2 -0.2 -0.3 0.0 -0.4 -0.3 0.0 -2.4 0.0 -0.4 -2.2 -0.8 -0.0 -0.6 -0.5 -0.3 . . . . 000101010119 0.1 18 17 0.0 0.0 16 0.1 0.1 15 -0.0 0.0 0.0 14 0.1 0.1 0.0 13 0.0 0.0 0.0 0.0 0.1 0.1 0.0 12 -0.0 0.1 0.0 0.0 0.0 -0.0 10 11 0.1 9 0.0 0.0 11.7 0.0 0.1 0.0 0.0 0.0 0.1 0.0 8 7.1 -0.0 0.0 0.0 0.0 11.7 0.1 0.0 0.0 0.0 0.1 7 0.0 0.1 19.6 0.0 0.1 6 11.8 7.2 -0.0 0.1 0.0 0.0 0.0 0.1 0.1 0.0 -1.3 4 0.1 5 7.3 0.0 0.0 0.2 19.8 0.0 11.7 -0.0 0.0 0.0 0.0 0.1 0.0 0.0 3 0.6 0.1 19.8 -1.0 0.0 0.0 0.2 11.8 7.1 0.1 0.0 0.0 0.0 0.0 0.2 0.0 7.0 -1.0 0.0 0.8 7.3 0.0 0.3 19.6 0.1 1 0.1 0.0 0.0 0.1 0.0 9.3 0.8 11.8 7.4 19.8 -1.3 0.0 0.1 0.1 0.2 0.0 0.0 7.3 -0.0 4.3 7.5 -1.0 9.4 0.6 0.2 0.0 0.2 0.0 0.3 19.8 4.8 9.5 0.8 4.6 7.0 0.2 0.3 -1.0 0.0 0.1 4.7 7.5 5.0 9.3 0.1 0.8 0.2 5.0 9.5 4.3 0.2 7.5 0.0 4.7 4.8 0.2 9.5 5.0 4.7 5.0 . 1016-. . 78-57-. 402 -4.0 -1.6 -25.7 37.8 5.1 -0.5 4 0.3 1.6 0.5 -1.0 2 1 0.3 0.0 2.9 0.0 0.4 0.0 0.0 0.3 0.0 0.0 0.3 0.0 0.0 0.4 0.0 0.0 0.3 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F73205 ak nUS-fiitdaes0303-. . . . . 18-. 47 -0.7 -1.8 46 49 -10.5 13.3 0.1 4.6 -17.2 1.3 -8.1 -10.1 0.6 4.8 14.6 44 -13.5 42 0.2 -7.6 -6.0 -3.6 40 123.5 -10.1 -21.2 6.8 -0.3 -282.2 -2.1 19.1 187.2 41 0.6 0.3 -2.8 -4.2 3.6 18.8 37 -32.4 -6.5 39 -9.0 -6.3 -0.4 12.3 0.3 124.2 0.7 1.8 34 -40.7 38 13.5 36 -11.5 3.8 15.2 -0.2 -15.2 -2.2 3.7 -7.2 -3.8 -49.3 35 12.7 -25.8 -1.2 -25.4 9.8 -0.9 -4.1 9.3 12.8 1.5 -8.1 -7.7 -23.5 -3.5 -9.2 3.4 32 11.2 7.1 33 -10.5 50FA904010005Unallocated(2) 1.6 -39.0 4.0 4.2 8.8 -18.9 11.2 29 -0.2 -6.4 2.8 -320.8 49FA754112205-Duefrom:ForeignbankingofficesinU.S. 3.8 30 -41.0 -130.9 1.2 7.0 -4.1 -5.4 197.5 5.6 -796.4 150.6 -25.1 2.3 -0.2 48FA474012205Creditunions 15.2 31 120.4 -0.8 1318.0 47FA743020005BanksinU.S.-affiliatedareas -13.8 -0.6 5.6 -20.1 -77.4 3.9 2.6 -2.3 195.2 46FA754012205ForeignbankingofficesinU.S. 31.9 -96.5 -7.7 -1.3 -2.3 -189.8 183.2 45FA764112205Dueto(3): 27 6.8 116.0 -11.3 -3.1 167.5 44FA764112005U.S.-chartereddepositoryinstitutions(net) -0.2 175.3 -946.9 -88.2 6.9 -1.0 -29.9 TransactionsbetweenU.S.depositoryinstitutions(net): -3.2 40.5 -0.0 24.3 1395.4 28 81.0 -3.5 -67.3 -19.2 -238.5 -0.8 11.9 7.8 43FA264016005Asset:Restoftheworld(1) 0.0 14.2 0.1 23 27.3 -120.7 -83.9 2.3 74.5 -84.7 145.8 -1.1 42FA284135125ForeignbankingofficesinU.S. 128.4 21 -2.6 41.5 97.2 -34.6 306.4 41FA274135123U.S.-chartereddepositoryinstitutions -5.2 -101.6 -69.7 59.6 7.9 40FA264035125Plus:Loansfromforeignbanks -0.3 3.4 22.7 41.0 25.0 10.5 -74.5 39FA754035125ForeignbankingofficesinU.S. 17 56.7 -0.0 -37.8 -19.5 38FA764035125U.S.-chartereddepositoryinstitutions -0.0 306.3 67.0 21.4 37FA264135125Loanstoforeignbanks -98.1 20 0.1 44.5 0.0 -188.5 14.5 36FA754016205ForeignbankingofficesinU.S. -55.7 19.8 -0.0 35FA764016205U.S.-chartereddepositoryinstitutions 16 0.3 -11.6 0.0 -18.3 -1.0 34FA264116205Less:Depositsatforeignbanks -916.8 -0.1 19 8.9 -18.2 44.2 1087.0 33FA753092605-Duefromforeignaffiliates 1278.9 1.7 0.0 32FA753192605Duetoforeignaffiliates -196.3 193.9 0.1 10.3 31FA754116205ForeignbankingofficesinU.S.(net) 1962.5 -31.5 0.0 -72.6 11 2276.5 -1.7 30FA763092605-Duefromforeignaffiliates 0.1 94.2 -5.2 48.3 29FA763192605Duetoforeignaffiliates 276.7 0.0 28FA764116205Liab.:U.S.-chartereddepositoryinstitutions(net) -1.7 14.1 125.8 10.5 -44.5 Transactionswithbanksinforeigncountries(net): 0.0 1282.4 4.0 -111.4 21.4 27FA713068705Loanstodepositoryinstitutions 18.9 5 10 26FA713022003FederalReservefloat 0.0 -188.5 14.5 0.7 15.8 25FA714010005Asset:Monetaryauthority -273.5 19.8 24FA713068743Creditunions 0.0 -11.6 23FA714010075Liab:U.S.-chartereddepositoryinstitutions 1.4 1.8 Othertransactionswiththemonetaryauthority -916.8 9 8.9 1086.0 1278.9 4.9 4 -0.1 22FA473013005Creditunions -194.6 193.9 0.3 21FA743013003BanksinU.S.-affiliatedareas 10.3 1930.9 20FA753013003ForeignbankingofficesinU.S. -1.3 -72.6 3 19FA763013005Asset:U.S.-chartereddepositoryinstitutions 2370.7 -1.7 -350.5 -198.9 18FA713113003Liab.:Monetaryauthority 48.3 -0.6 290.8 -32.6 -905.1 Depositoryinstitutionreserves: -1.7 129.8 -44.5 1421.6 -0.2 -92.9 17FA753025003ForeignbankingofficesinU.S. -2.4 1298.3 -111.4 16FA763025000Asset:U.S.-chartereddepositoryinstitutions 481.0 0.3 20.3 15FA703025005Liab.:Monetaryauthority 133.7 21.8 Vaultcash: -268.6 -0.3 79.5 26.8 Memo: -0.3 -78.8 1.3 14FA904010005Discrepancy 61.5 13FA264016005Restoftheworld -13.8 12FA473013005Creditunions 11FA743013003BanksinU.S.-affiliatedareas -31.1 10FA753020005ForeignbankingofficesinU.S. 9FA763020005U.S.-chartereddepositoryinstitutions 8FA714010005Monetaryauthority 7FA894010005Netchangeinassets 6FA474110005Creditunions 5FA744110005BanksinU.S.-affiliatedareas 4FA754110005ForeignbankingofficesinU.S. 3FA764110005U.S.-chartereddepositoryinstitutions 2FA714110005Monetaryauthority 1FA794110005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.203 NetInterbankTransactions (3) Sumoflines46,47,48,and50. insourcedata,appearsonline14asthediscrepancy betweenliabilitiesandassets. (2) InterbanktransactionsbetweenU.S.banksshould nettozeroandthusarenotshowninlines1through13above.However,theunallocatedamount (line50),whichisduetoinconsistencies (1) Sumoflines28and31lessline3437 plusline40. 0821 002019 2020 2019 2018 331-. 4612. 8. 71715. 15210. 18 1006.7 -175.2 1251.0 3701.7 486.4 23.2 1446.1 -7.1 -393.1 7 644.8 -506.7 503.7 5501.5 2 556.3 1005.7 1 82.6 -173.5 654.9 1219.5 1535.8 -431.8 3796.0 -88.9 196.7 500.5 -339.2 5765.2 27.2 518.1 1461.9 150.0 -5.7 1546.2 -388.2 -99.3 -354.0 1. 1. 046. 3. 6. 3707. 0050 10.0 74.9 -307.0 263.6 45 -0.2 -38.2 67.4 106.3 -290.3 10.4 201.8 -10.4 -40.0 -14.8 103.0 4.4 -9.9 -20.7 14 10.0 74.9 -307.0 263.6 -38.2 67.4 10.4 -10.4 -14.8 89-332. 515. 392-4. 235-7. 43 -275.7 -263.5 -742.8 1399.2 55.6 55.1 29.3 -83.3 48.9 13 -275.7 -263.5 -742.8 1399.2 55.6 55.1 29.3 -83.3 48.9 4006-. 7513-792. 861048 1.0 28.6 26.6 -67.9 1.3 37.5 -2.9 0.6 -4.0 22 113.5 -9.2 184.0 131.9 27.4 -38.9 105.0 20.1 -6.4 12 113.5 -9.2 184.0 131.9 27.4 -38.9 105.0 20.1 -6.4 . . . . . 00-. 243026 3.0 24 -0.4 25 -2.4 -85.2 0.0 -0.3 -69.7 2.0 27.0 -0.0 0.0 306.3 0.4 0.1 0.0 0.3 0.3 0.0 0.1 44.6 15 0.4 -1.0 0.1 0.1 0.0 1.7 0.2 0.1 0.0 -31.5 94.2 14.1 4.0 8 -85.2 15.8 -69.7 1.4 6 27.0 -1.4 4.9 306.3 -28.6 0.1 -24.6 0.3 67.9 -1.3 44.6 0.1 -37.5 3.3 0.1 -0.6 4.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 51

Transactions Transactions 2 F43205 oenetsosrdetrrss-26-. 17-. . 2. 237-377. 32 74.8 30 -4.4 29 -53.7 -0.2 8.0 -283.7 -0.2 429.4 -21.7 26 1.3 -0.2 24 -4.2 7.6 38.9 25 -0.2 -8.4 -28.1 457.8 36.2 -29.7 -0.2 50.0 -314.7 41.7 72.6 8.4 -616.6 -2.5 -0.2 -2.2 15.6 1237.7 -2.6 40FA903020005Mailfloat 151.2 8.5 -0.2 -12.6 15.3 2.0 39FA263025003Currency -52.2 -0.2 38FA263027003Checkabledeposits 10.3 17.8 16 191.1 37FA263020005Restoftheworld -1.7 1.1 -0.2 40.8 3.8 71.0 36FA713129005Otherfinancialbusiness 8.3 35FA663020003Brokersanddealers 6.2 -92.6 17.4 34FA643020005REITs 33FA613020003Financecompanies 31.4 -7.6 -1.7 32FA403020005Government-sponsoredenterprises 13 2.6 31FA633020000Moneymarketfunds -7.1 9 1.5 30FA223020043Stateandlocalgovt.retirementfunds -4.1 47.1 29FA343020033Federalgovernmentretirementfunds 2.0 10 28FA573020005Privatepensionfunds 13.6 32.6 38.9 27FA543020005Lifeinsurancecompanies 0.9 10.8 201.8 36.2 26FA513020005Property-casualtyinsurancecompanies -21.6 4.8 -0.2 72.6 25FA793020005Domesticfinancialsectors 5 -13.4 8 48.3 3.5 -1.1 15.6 24FA213020005Stateandlocalgovernments 739.5 68.6 23FA313020005Federalgovernment 48.9 356.3 15.3 1.4 4 10.7 22FA113020005Noncorporate 920.7 87.1 -107.1 21FA103020000Corporate 10.3 1.1 -7.2 3 20FA143020005Nonfinancialbusiness 1851.7 392.4 -65.8 -264.3 40.8 198.4 -17.0 19FA153020005Householdsector -0.1 65.7 -312.2 296.7 6.2 50.1 434.4 18FA793120005Netchangeinassets -0.1 4937.5 967.1 16.1 -7.6 95.6 559.5 17FA473127003Creditunions 137.8 -9.6 3.3 -1.1 38.3 16FA743127003BanksinU.S.-affiliatedareas 360.2 -3.3 15FA753129205Privatedomesticdeposits 35.9 14FA753122603Depositsduetoforeign 1324.6 13FA753127005ForeignbankingofficesinU.S. 2.1 1.7 12FA763129205Privatedomesticdeposits -6.8 173.2 11FA763122605Depositsduetoforeign 10FA763128000Stateandlocalgovernmentdeposits 9FA763123005Federalgovernmentdeposits 8FA763127005U.S.-chartereddepositoryinstitutions 7FA713125005Currencyoutsidebanks 6FA713122605Depositsduetoforeign 5FA713129005Duetootherfinancialbusiness 4FA713124005Duetogovernment-sponsoredenterprises 3FA713123005Federalgovernmentcashanddeposits 2FA713120005Monetaryauthority 1FA793120005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.204 CheckableDepositsandCurrency 52

Z.1, March11,2021 0821 002019 2020 2019 2018 7. . 363430-7062644. 6. 31623 -341.6 164.0 4840.1 21 -146.1 642.6 20 -558.9 -140.8 -57.0 1321.1 -615.0 423.0 1051.9 1563.8 18 876.1 -465.8 1326.3 1283.2 1.0 655.3 -444.1 778.0 678.1 417.0 6037.1 173.5 3791.0 522.8 81.0 298.1 102.1 238.0 854.3 249.4 2870.6 261.3 315.4 2 45.9 1 333.1 876.1 4914.8 778.0 1659.6 92.1 6037.1 3791.0 513.3 298.1 1738.4 854.3 89.6 2870.6 259.5 261.3 315.4 6. 49-. 151224-0. 172-6. 7. 31 377.4 -169.7 -137.2 -104.8 222.4 -185.1 -8.6 44.9 -65.8 19 639.0 1471.9 22.6 405.2 525.7 -220.5 634.7 23.2 -86.3 42653. 15-. 8. 6. 1. 7738 27.7 39 116.2 37 -15.4 143.9 147.4 -62.6 132.1 117.6 186.6 55.0 104.1 -4.8 70.3 290.7 65.5 76.4 -1.5 74.9 121.3 34.1 51.3 155.4 6.5 57.8 65.3 14.2 79.5 22 5.2 -56.0 242.7 231.3 17 96.6 21.7 33.3 22.8 137.6 105.8 75.2 21.1 33.2 11.5 11 -25.8 44.2 12 -36.6 725.0 85.7 354.7 -88.9 18.4 936.1 53.3 7 21.3 1783.1 163.2 -0.5 184.7 273.5 -9.2 294.2 401.3 949.7 -24.5 224.5 121.6 10.2 102.7 31.1 100.0 15.0 265.6 87.0 96.4 06-. 05-944. 8. 96-657. 40 78.9 -96.5 99.6 -83.9 36 48.3 33 41.4 -8.8 34 -21.1 48.9 -59.4 -11.9 -45.8 -107.1 -0.5 17.1 -22.1 392.4 28 -0.0 -0.3 16.9 -17.0 160.2 -12.4 50.1 -2.2 -0.6 -0.2 29.5 95.6 27 -2.8 -0.4 -21.7 17.8 -1.1 3.3 -42.0 0.9 8.9 -3.3 -19.2 -2.0 -0.1 190.8 -4.8 -4.3 -0.1 -44.3 -0.0 38.2 27.0 0.2 4.0 -5.0 -0.4 14 15 41.9 -48.9 10.4 36.6 30.9 1.7 84.5 117.3 -4.3 -17.3 6 11.7 -21.4 7.9 26.7 10.8 41.9 14.3 -4.7 -3.6 -6.5 48.9 -0.7 -0.0 -0.2 16.7 -0.1 -0.0 . 101. . 49170-21-011. 35 18.0 -20.1 -92.1 147.0 24.9 0.4 13.2 -1.0 7.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F43305 oenetsosrdetrrss1. 44-. 1. 8307-10-90-. 17 -4.0 15 0.4 -19.0 -11.0 -2.0 0.7 -4.2 18.3 -1.1 -13.3 10.4 -8.3 1.2 4 -4.4 -2.1 -1.7 12.7 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 2.8 4.6 F.206 MoneyMarketFundShares 4.8 -0.4 3 6.0 -103.6 20FA263030005Restoftheworld -137.1 -1.6 19FA733030003Holdingcompanies 232.7 18FA613030003Financecompanies 7.1 2 17FA403030005Government-sponsoredenterprises -198.1 1227.9 197.1 2.9 16FA633030000Moneymarketfunds 225.8 15FA223030043Stateandlocalgovt.retirementfunds -86.1 4357.4 14FA573030005Privatepensionfunds 1.4 2470.9 -51.5 13FA793030005Domesticfinancialsectors 348.2 89.0 0.4 582.4 12FA213030000Stateandlocalgovernments -2.0 11FA313030003Federalgovernment 2070.5 510.9 10FA113030003Noncorporate 9FA103030003Corporate 491.9 8FA143030005Nonfinancialbusiness 7FA153030005Householdsector 6FA703130005Netchangeinassets 5FA473130005Creditunions 4FA743130003BanksinU.S.-affiliatedareas 3FA753130005ForeignbankingofficesinU.S. 2FA763130005U.S.-chartereddepositoryinstitutions 1FA703130005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.205 TimeandSavingsDeposits 0 F23305 tt n oa ot eieetfns-. 072750523. 60-970810 0.8 6 -2.2 -19.7 7 -6.0 -6.6 -1.1 5 35.8 8.7 -0.2 -17.0 5.2 20.6 -4.9 26.8 5.0 8.3 4 -12.1 12.8 -94.0 -4.5 28.0 2.7 9.3 -168.0 1.6 6.3 207.1 -0.7 5.1 1486.1 -0.9 6.7 -2.4 67.6 6.8 2.5 8.9 116.3 -2.1 357.8 2.7 6.1 92.2 12FA263034003Restoftheworld 4.8 -33.4 11FA503034005Otherfinancialbusiness 10FA223034005Stateandlocalgovt.retirementfunds 9FA573034005Privatepensionfunds 8FA543034005Lifeinsurancecompanies 7FA513034005Property-casualtyinsurancecompanies 6FA213034003Stateandlocalgovernments 5FA113034003Nonfinancialnoncorporatebusiness 4FA103034000Nonfinancialcorporatebusiness 3FA153034005Householdsector 2FA634090005Netpurchases 1FA634090005Netissues 0821 002019 2020 2019 2018 2. 3. 91957149117. 72269318. 7 1281.2 6 659.3 1309.6 4752.2 252.3 1274.7 4966.4 469.1 2320.6 587.1 649.0 1 1991.9 1309.6 547.0 536.6 252.3 2212.2 428.2 4966.4 683.5 2320.6 530.0 649.0 547.0 2212.2 683.5 530.0 8. 0. 1. 5. 7. 000822-9. 3713 -327.1 -690.1 2 832.2 -533.6 1 -1054.3 1030.0 -533.6 1300.9 378.4 -1054.3 3093.7 1300.9 555.6 510.4 3093.7 211.2 793.3 510.4 408.9 701.7 793.3 181.1 596.0 701.7 189.9 596.0 189.9 1. 601. 85-. 085. 3. 2. 18 -26.4 -35.7 51.2 50.8 -6.6 -8.5 10.0 -6.0 -13.0 67-. 1. 1. 2. 1. 6. 4. 3. 20 139.0 -47.0 -65.4 413.8 16 -108.6 -25.2 -121.0 -18.0 -115.4 110.1 -128.1 -5.0 72.9 10 -2.0 36.7 7.2 8 -59.1 -118.3 18.0 229.5 68.2 -213.2 299.5 11.7 298.9 63.0 5 660.0 187.3 66.8 107.8 160.6 -8.9 117.0 371.5 60.8 190.9 41.7 69.6 47.8 105.3 53.6 43.6 190.3 82.2 39.8 731. . 162. 162. 2. 8712 -8.7 -26.5 11 21.6 -81.0 -43.1 21.6 189.6 21.6 337.9 21.6 40.7 2.0 54.1 14.4 100.9 60.8 17.3 15.6 2401-. 1. 67-. . . 2419 -2.4 1.3 2.7 14 -1.3 -3.8 -1.1 -6.7 -1.4 -13.6 0.5 -0.6 -0.9 0.1 -1.1 -2.4 -0.8 -0.3 -5.0 04151714051. 0103-. 9 -4.4 0.3 -0.1 11.2 0.5 1.4 1.7 1.5 -0.4 . . 1313-. 1606-. 2711 -2.7 12 16.6 13 -142.4 -1.7 32.3 -177.5 0.6 -78.2 9 58.2 20.0 -80.9 -1.6 54.6 -154.1 87.3 -1.3 11.4 69.4 -28.0 13.5 1.3 360.5 -119.7 44.8 40.4 62.2 -1.3 -75.8 19.8 3.6 0.3 74.0 7.9 0.1 8.9 5.8 . . 212. 1. 3. . 7. 1. 8 -15.7 -78.8 8.1 134.6 -13.8 21.7 12.1 3.6 6.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 53

Transactions Transactions 5 F72515 te iaca ntttos()-931. 1. 286. 6. 00000045 0.0 44 35.2 43 0.0 35.2 -0.4 -0.0 -0.4 -1135.8 -68.8 -1135.8 952.0 883.3 68.8 159.3 228.1 -146.2 -2.8 -149.0 -37.2 -54.4 -17.2 7.2 22.2 15.0 37 1.9 -248.5 -277.7 -29.3 36 73.9 -36.5 33 -72.4 -9.0 -82.8 30 284.4 92.0 -7.6 0.1 29 -0.8 -165.0 -18.3 -7.3 32.4 1.2 -0.0 -75.5 45FA792051115Otherfinancialinstitutions(6) -2.2 -87.1 44FA632051103Asset:Moneymarketfunds(5) -1.8 -6.4 0.6 43FA712151103Liability:Monetaryauthority(4) 30.2 -7.0 1.8 -2.9 -0.3 FederalReserve’sreverserepurchaseagreementoperations: 24.6 8.8 26 -46.3 -11.3 1.0 24 0.6 Memo: -25.0 -49.9 -6.5 135.2 42FA902050005Discrepancy -0.4 135.8 -0.2 -101.9 0.5 23 41FA262051005Restoftheworld -99.9 -208.5 0.3 138.6 -0.1 -88.3 -0.2 -207.4 40FA502051003Otherfinancialbusiness 18 -200.2 0.5 0.6 -7.3 39FA732051003Holdingcompanies -95.5 78.1 873.3 38FA662051003Brokersanddealers 21 160.8 85.0 -4.9 -97.5 -0.1 -0.0 -55.4 37FA402052033Ofwhich:FHLBfederalfunds(3) -248.7 93.2 36FA402050005Government-sponsoredenterprises -55.4 21.0 60.9 916.1 60.0 12 35FA652051003Mutualfunds -185.5 48.9 50.6 -108.9 0.0 34FA632051000Moneymarketfunds 178.5 104.6 50.9 8.2 33FA222051043Stateandlocalgovt.retirementfunds -28.2 0.0 -176.2 32FA572051005Privatepensionfunds 164.5 179.8 -0.6 31FA542051075Lifeinsurancecompanies 10 0.0 30FA512051005Property-casualtyinsurancecompanies 0.3 -24.3 14.4 29FA472051053Securityrepurchaseagreements 0.0 160.3 1.0 28FA472052053Federalfunds -2.4 27FA472050053Creditunions 0.0 -0.4 8 -25.0 26FA752051005Securityrepurchaseagreements -16.3 25FA752052005Federalfunds(2) 6 0.0 0.7 24FA752050005ForeignbankingofficesinU.S. 186.5 -39.4 5 0.0 -36.6 0.0 -388.1 23FA762051005Securityrepurchaseagreements 171.2 22FA762052005Federalfunds(2) 225.2 9.9 -403.2 21FA762050005U.S.-chartereddepositoryinstitutions 0.0 3 -0.1 45.6 251.1 -32.5 55.9 20FA712051000Monetaryauthority 0.0 0.4 45.0 68.0 -45.8 19FA212051003Stateandlocalgovernments 54.8 61.8 -2.5 18FA102051003Nonfinancialcorporatebusiness -0.0 1.8 -29.6 -5.1 17FA892050005Netchangeinassets 96.4 -0.2 45.1 109.9 16FA262151003Restoftheworld 46.4 -53.1 21.0 -38.9 15FA732151003Holdingcompanies 105.6 -48.9 25.6 14FA662151003Brokersanddealers 3.9 13FA642151073REITs -21.5 12FA402150005Government-sponsoredenterprises 23.9 11FA542151073Lifeinsurancecompanies 10FA512151003Property-casualtyinsurancecompanies -27.3 9FA472150053Creditunions 8FA752151005Securityrepurchaseagreements 7FA752152005Federalfunds(2) 6FA752150005ForeignbankingofficesinU.S. 5FA762151005Securityrepurchaseagreements 4FA762152005Federalfunds(2) 3FA762150005U.S.-chartereddepositoryinstitutions 2FA712151003Monetaryauthority 1FA892150005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.207 FederalFundsandSecurityRepurchaseAgreements(1) 54 (6) Includesbanks(consolidated),government-sponsored enterprises,andprimarydealers. (5) Includedinline34. (4) Includedinline2. (3) Includestermfederalfunds. (2) Excludestermfederalfunds. 1997:Q1forcreditunions,and2000:Q1FHLB. (1) Detaileddataonfederalfundsandsecurityrepurchaseagreementsareavailablebeginning2012:Q1 forU.S.-chartereddespositoryinstitutions,2003:Q1foreignbankingofficesinU.S.,

Z.1, March11,2021 0821 002019 2020 2019 2018 281-5. 83-6. 459-2. 6. 3. . 42 0.4 135.1 663.2 -525.6 -405.9 -261.4 68.3 -254.3 -248.1 2 43.3 -110.9 -1344.5 929.7 93.1 -88.0 -120.6 32.6 -259.9 0. 08-38432-8. 4. 832-2612338 172.3 -12.6 -803.2 348.1 -282.2 413.2 -73.8 80.8 206.2 17 16 559.3 341.6 14 -113.8 -103.5 244.1 -3427.7 -345.2 2000.5 131.2 391.0 -251.5 -542.1 -280.7 1219.9 243.8 502.8 -245.4 -474.9 71.0 588.2 369.1 380.0 109.1 19.3 116.4 56.6 305.9 1 559.8 21.3 -2764.5 1474.9 -657.4 958.5 -177.1 333.9 131.8 3. 162. 81-6. 9. 459-9017141 167.1 -89.0 -475.9 496.4 35 -161.6 43.4 28.1 -29.8 24.6 -12.8 11.6 17.9 -30.8 1.7 -18.6 4.7 21.2 -16.4 7 -23.1 -15.3 -15.0 25.9 -0.6 -6.2 -6.9 1.3 -10.0 30157-6. 5. 7. 572-514339-5134 -25.1 363.9 -2551.4 1537.2 -75.3 151.2 -168.8 155.7 63.0 13 5.3 -38.4 -121.9 -476.2 26.1 16.8 -157.8 71.8 43.3 40043. 0437-. 055. 9139 19.1 59.7 80.5 -0.0 3.7 32 -0.1 -0.4 -0.1 39.8 -0.1 0.4 0.0 -4.0 -0.1 -0.1 22 -0.1 22.3 -0.0 -48.5 42.8 -0.5 -11.4 11.4 15 9.3 -0.1 1.3 0.1 3.9 0.0 -4.1 9 -0.0 0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 4 -0.0 4.1 -0.0 -0.0 0.0 -55.8 -58.4 -0.0 41.6 -0.0 -23.5 -0.0 -4.3 -17.1 -1.7 -5.8 ...... 40 0.0 0.0 0.0 0.0 0.0 31 0.0 -0.6 0.0 3.7 28 -0.3 27 0.0 -9.6 -1.1 0.2 0.0 13.9 25 0.2 -3.6 -0.7 2.6 -0.1 0.6 0.2 4.0 -0.1 2.0 -0.5 1.9 0.1 1.2 0.4 4.1 0.2 19 -7.2 -0.1 15.9 0.2 -0.3 20 6.9 0.0 18.5 0.1 0.6 0.0 51.5 -231.8 0.1 0.0 -819.1 -8.7 -0.9 28.4 3.6 0.3 212.5 2.7 810.0 11 -255.6 -2.7 19.3 255.6 16.5 -0.7 0.0 -4.8 1.2 38.4 -13.0 -9.6 11.8 -6.5 2.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F44205 oenetsosrdetrrss405. 158. 81-. 5. 79-5047 -95.0 57.9 251.2 -8.1 48.1 83.9 36 9.0 42 41 -45.4 51.5 85.3 3.0 38 -58.7 52.8 105.2 121.4 -105.6 129.5 16.1 4.0 35 199.8 -57.3 -25.4 92.3 183.3 -3.5 54FA264022005Restoftheworld -145.1 -55.0 113.5 69.9 -124.4 53FA504022005Otherfinancialbusiness 11.1 -74.6 31 52FA734022605Holdingcompanies 1285.1 -66.7 34 30.7 217.3 51FA664022005Brokersanddealers 29 7.5 104.5 147.5 1079.6 5.4 -112.2 199.8 32 1173.5 28.1 -93.5 112.9 50FA644022005REITs 3363.7 56.9 6.1 1181.2 521.4 49FA613063003Financecompanies 28 -1.0 3671.0 309.3 12.9 99.2 57.5 48FA674022005ABSissuers 580.0 -39.1 12860.3 47FA404022005Government-sponsoredenterprises 13.2 11.4 5362.4 64.2 -12.6 29.7 24.4 147.9 1633.3 46FA564022005Exchange-tradedfunds 5.1 -4.0 -30.1 421.9 43.7 2891.1 45FA554022005Closed-endfunds 47.0 46.4 26 309.9 44FA654022005Mutualfunds 6314.3 26.4 1003.6 9.3 43FA634022005Moneymarketfunds 148.3 224.8 1131.8 -611.4 242.8 989.7 38.3 53.9 42FA224022045Stateandlocalgovt.retirementfunds -205.2 -0.5 76.4 41FA344022005Federalgovernmentretirementfunds 60.4 154.1 9.0 40FA574022005Privatepensionfunds 2.9 69.3 -160.3 39FA544022005Lifeinsurancecompanies 60.2 1.1 38FA514022005Property-casualtyinsurancecompanies 71.1 -111.6 37FA474022005Creditunions 15 1.9 19.1 -7.1 36FA744022003BanksinU.S.-affiliatedareas 473.5 35FA754022005ForeignbankingofficesinU.S. 860.6 34FA764022005U.S.-chartereddepositoryinstitutions -28.6 33FA714022005Monetaryauthority 14 17 -31.2 16 44.0 -14.5 12 937.8 32FA794022005Domesticfinancialsectors 51.5 13 50.5 36.8 1088.8 30.7 505.6 9 31FA214022005Stateandlocalgovernments 172.0 312.6 -5.1 30FA314022005Federalgovernment -13.1 -177.4 37.2 -44.4 107.7 121.8 1388.3 -5.6 29FA114022005Nonfinancialnoncorporatebusiness 4.6 117.3 93.0 25.7 2222.5 138.4 28FA104022005Nonfinancialcorporatebusiness 10 136.8 27FA154022005Householdsector -8.9 273.6 -0.1 -4.1 252.1 215.2 88.2 98.8 499.8 26FA384022005Domesticnonfinancialsectors 663.6 -11.7 292.0 -82.2 -2.3 26.4 936.4 22.3 204.9 1485.2 25FA894122005Netpurchases -4.5 52.7 2.7 89.2 440.8 747.3 8 81.1 113.8 24FA264122005Restoftheworld -1.5 2766.5 -37.8 357.3 -3.2 9.2 165.8 6 2503.9 23FA504122005Otherfinancialbusiness 24.2 -9.8 375.9 13182.0 22FA734122005Holdingcompanies 371.0 -50.7 2929.5 21FA663163003Brokersanddealers 222.7 -3.1 684.9 955.7 20FA644122005REITs 2550.7 4 269.1 2804.5 -2.5 19FA614122005Financecompanies 836.0 923.5 5345.5 133.8 18FA674122005ABSissuers 336.0 17FA413065005Agency-andGSE-backedmortgagepools 1450.1 532.8 16FA403161705Government-sponsoredenterprises 1490.4 616.9 -222.5 15FA753169175ForeignbankingofficesinU.S. 14FA764122005U.S.-chartereddepositoryinstitutions 1505.5 996.3 274.2 486.7 13FA794122005Domesticfinancialsectors 348.7 363.6 12FA213162005Stateandlocalgovernments 684.8 11FA314122005Federalgovernment 316.9 10FA104122005Nonfinancialcorporatebusiness 245.4 9FA163162003Nonprofitorganizations(2) 8FA384122005Domesticnonfinancialsectors 7FA894122005Netissues Bysector 6FA893163005Corporateandforeignbonds 5FA383162005Municipalsecurities 4FA893161705Agency-andGSE-backedsecurities 3FA313161105Treasurysecurities 2FA893169175Openmarketpaper 1FA894122005Netissues Byinstrument Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.208 DebtSecurities(1) (2) Liabilityofthehouseholds andnonprofitorganizationssector(tableF.101). (1) Sumofopenmarket paper, Treasurysecurities,agency-andGSE-backed securities,municipalandcorporate andforeignbonds. 0821 002019 2020 2019 2018 92924. 20237. 66741. 36. 98241. 25 4110.9 2978.2 13660.9 4410.9 1606.7 3475.0 6290.2 2049.6 1992.9 11 2512.9 2045.4 11598.1 2168.2 875.2 2408.6 7 4581.2 4110.9 1174.9 2978.2 1409.8 13660.9 4410.9 1606.7 3 3475.0 2512.7 6290.2 2048.9 2049.6 1 11598.7 1992.9 2168.3 4110.9 876.1 2978.2 13660.9 2410.8 4410.9 4582.2 1606.7 1176.6 3475.0 1411.2 6290.2 2049.6 1992.9 395-3. 265-6. 1. 21564. 34313. 33 1234.0 1304.3 6046.3 4281.5 615.8 -264.5 3216.5 -137.5 -379.5 4. 4. 75537137-01910. 8. 3. 54 437.3 -81.4 51 -139.7 1005.9 -230.1 -1011.9 -52.2 133.7 53.2 523.7 87.5 -201.5 1.2 444.3 142.6 44 -92.2 667.8 -74.3 43 1235.6 -494.0 448.9 154.7 -1046.6 3876.3 -1154.0 517.2 1680.6 238.2 342.7 673.7 299.5 1004.0 342.0 319.0 196.2 181.7 27 29.6 -834.7 -785.0 24 255.6 -44.7 161.7 -355.9 357.1 -139.8 -408.7 -741.2 347.3 377.4 830.5 170.6 8.3 158.8 145.3 1. 9. 22-0. 16-1. 7. 0. 0. 53 203.6 204.7 171.6 -211.1 21.6 -203.4 92.2 -90.6 -14.6 22 33.1 -151.5 274.8 370.0 -89.1 -28.9 131.6 40.9 -46.9 5 32.4 182.9 96.7 29.0 106.5 38.8 85.2 20.2 -57.3 152. 1. 481. 5. 03-372. 52 27.1 -33.7 50 10.3 14.8 -53.9 -16.8 17.9 -19.6 46 -596.4 64.8 202.1 15.7 225.4 -12.5 10.0 340.9 29.0 43.2 -154.5 31.5 40 46.9 220.6 156.2 39 160.3 219.2 30.8 146.1 153.1 375.7 202.9 54.2 180.5 148.3 377.7 163.5 99.0 3.1 188.4 147.1 185.9 88.9 288.3 82.3 124.6 89.1 23 -22.2 20 65.7 45.9 311.1 32.5 18 19 -5.0 -369.3 2.9 147.7 69.4 8.0 -129.4 -39.8 93.5 -46.9 -40.3 71.8 -3.7 100.8 180.1 75.6 -67.1 38.0 56.0 46.6 29.3 44.7 147.1 69.3 -18.2 35.7 31.0 -43.8 67.8 44.1 12.2 2 266.4 -9.2 -362.7 -128.0 13.8 59.8 -58.4 49.3 30.0 45-. . 041. . 64982049 2.0 9.8 16.4 7.4 12.5 10.4 8.9 -0.5 37 94.3 -4.5 115.2 133.9 11.5 28.5 3.9 88.7 11.1 -9.1 21 73.8 -57.2 -308.7 331.7 -37.4 -90.1 9.9 -10.0 -1.7 . 26-. 031. 40-. 413148 3.1 45 -4.1 -4.4 -5.8 -0.2 -4.0 -0.7 15.8 3.6 10.3 -0.1 -2.7 6.4 12.6 -0.4 8.1 3.2 30 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 55

Transactions Transactions 1 F43615 oenetsosrdetrrss050302010842-. 524431 4.4 -5.2 -2.8 4.2 28 -0.9 0.8 23 25 18.0 0.0 3.2 0.1 -33.0 0.0 2.5 0.2 12.1 22 0.0 -2.5 0.3 -7.6 -4.3 -11.6 0.0 -31.4 -24.2 0.5 17 19 2.8 0.0 -63.2 69.9 -1.0 0.0 110.2 16 78.5 -4.7 0.0 -6.3 0.0 0.0 0.0 -33.7 -2.1 -1.9 0.0 0.0 0.0 34FA263069103Restoftheworld 0.0 55.2 0.5 0.0 33FA503069105Otherfinancialbusiness 0.0 0.0 23.0 2.0 32FA663069103Brokersanddealers -2.2 0.0 31FA403069105Government-sponsoredenterprises 181.0 0.0 0.0 0.0 9 30FA653069100Mutualfunds 42.4 -7.1 0.0 0.0 29FA633069175Moneymarketfunds 7 0.0 82.8 32.6 -28.6 0.0 28FA223069143Stateandlocalgovt.retirementfunds 8 0.0 27FA573069105Privatepensionfunds 38.4 -31.2 -29.9 22.0 0.0 0.0 26FA543069105Lifeinsurancecompanies 50.5 -96.7 20.2 25FA513069105Property-casualtyinsurancecompanies 0.0 31.4 -5.1 0.0 18.0 24FA473069153Creditunions 23FA753069603ForeignbankingofficesinU.S.(1) -2.7 4.6 3 46.5 0.0 22FA763069175U.S.-chartereddepositoryinstitutions(1) 113.6 21FA713069603Monetaryauthority -86.0 -1.3 -4.1 -70.6 20FA213069103Stateandlocalgovernments -15.7 -41.0 -271.2 -2.3 -33.2 19FA103069100Nonfinancialcorporatebusiness -21.4 26.7 2.7 33.9 18FA893169175Netpurchases -23.5 -19.1 17FA753169603ForeignbankingofficesinU.S. -10.4 12.0 16FA763169603U.S.-chartereddepositoryinstitutions -62.4 15FA703169605Bankers’acceptances(1) -1.9 14FA503169105Otherfinancialbusiness 13FA733169103Holdingcompanies -10.2 12FA643169173REITs 11FA613169100Financecompanies 10FA673169105ABSissuers 9FA753169103ForeignbankingofficesinU.S. 8FA763169103U.S.-chartereddepositoryinstitutions 7FA793169100Domesticfinancialsectors 6FA263169123Financial 5FA263169110Nonfinancial 4FA263169105ForeignissuesinU.S. 3FA103169100Nonfinancialcorporatebusiness 2FA893169105Commercialpaper 1FA893169175Netissues Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.209 OpenMarketPaper 56 (1) Excludesbanks’holdingsofownacceptances.

Z.1, March11,2021 0821 002019 2020 2019 2018 1. 1247-08-. . 90-973. 30 33 38.8 165.5 204.8 -19.7 -224.3 -9.0 -234.5 8.6 34.0 -206.9 -0.5 -22.1 -10.8 -90.8 4.7 -12.7 21.2 -16.4 114. 6. 961. 5. 4. 1012. 29 20.1 -180.1 -42.8 -52.2 15.2 39.6 -63.8 43.5 41.1 18 266.4 -9.2 -362.7 -128.0 10 7.8 13.8 59.8 26.5 -58.4 -0.8 49.3 9.9 30.0 -9.2 4.5 2 10.9 266.4 1 -5.0 -9.2 266.4 15.9 -9.2 -362.7 -128.0 -362.7 13.8 -128.0 13.8 59.8 59.8 -58.4 49.3 -58.4 49.3 30.0 30.0 9555-668. 2. 6. 94-29-3134 -33.1 -82.9 69.4 -60.0 27 -28.8 -1.4 26 87.4 -1.2 11.1 -26.6 8.2 -1.5 5.5 0.7 -11.0 -9.5 -6.9 -0.9 -9.4 -1.1 -9.2 -0.8 0.4 -0.2 -4.4 -5.3 -4.9 11 -14.5 -17.6 -49.2 -2.4 6 115.7 6.5 118.5 -13.6 21.8 -20.9 -141.3 -1.1 24.2 -7.5 195.7 28.7 78.2 -0.1 . 29-. . 2. 87-08-. 1. 32 -11.3 -7.9 -30.8 48.7 -20.9 24 0.2 7.2 21 0.0 -1.5 -0.3 20 0.0 -1.9 -2.9 7.5 1.8 2.1 0.0 8.8 1.1 0.0 24.4 15 0.0 0.0 -4.1 0.0 -0.4 1.7 0.0 0.0 12 0.0 13 0.5 1.3 0.0 0.0 6.3 14 17.9 0.0 0.2 9.2 0.0 0.0 -5.3 -25.1 0.0 -0.3 -2.1 0.0 0.0 -31.3 0.0 0.6 -1.8 -71.3 0.0 5 -1.7 0.0 8.1 4.5 0.0 -30.3 4 0.0 -10.2 -27.1 0.0 120.3 -27.4 -0.7 0.0 -16.6 91.3 -5.7 0.0 -0.1 3.3 5.2 0.0 9.3 1.5 15.8 -138.0 0.0 40.0 -39.6 156.1 -9.0 19.7 6.3 84.4 6.4 6.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

0 F43615 oenetsosrdetrrss1. 207. 777. . 5. 0. 4. 50 -49.9 103.9 255.1 8.9 78.1 47.7 40 79.5 23.8 52.0 39.1 37 41 25.4 98.8 15.2 46.2 34 22.8 9.5 -54.3 57FA263061120OtherTreasurysecurities 64.1 56FA263061110Treasurybills 18.6 -270.8 16.7 55FA263061105Restoftheworld 30.1 38 -185.9 81.7 44.7 54FA503061303Otherfinancialbusiness 7.7 800.9 17.0 53FA733061103Holdingcompanies 114.9 21.8 43.3 52FA663061105Brokersanddealers -205.2 -14.7 193.6 25.6 -103.0 -1.4 51FA673061103ABSissuers 10.6 190.8 27 50FA403061105Government-sponsoredenterprises -22.8 -4.2 27.9 29 49FA563061103Exchange-tradedfunds 184.5 111.7 7.8 20.3 52.8 48FA553061103Closed-endfunds 21.7 -9.4 1282.1 26 20.2 -28.5 4.8 47FA653061125OtherTreasurysecurities 145.3 12.0 46FA653061113Treasurybills 12.2 -28.4 110.4 43.1 45FA653061105Mutualfunds -7.0 -13.2 6.3 309.3 22.2 44FA633061120OtherTreasurysecurities 25 -24.4 111.2 11.2 24 43FA633061110Treasurybills 995.2 -58.7 13.3 42FA633061105Moneymarketfunds 372.1 -2.6 999.3 -36.5 -26.2 41FA223061143Stateandlocalgovt.retirementfunds 816.7 18 4134.5 -3.6 19 5.8 1.6 26.4 10.2 136.1 40FA343061155Definedcontributionplans 3452.4 39FA343061165Definedbenefitplans 5.9 17 209.0 188.7 -7.0 -0.5 73.5 -27.4 38FA343061105Federalgovernmentretirementfunds(3) -8.1 15 -17.5 -6.3 508.8 -9.9 5.3 265.4 37FA573061133Definedcontributionplans 7.9 11.2 -41.4 -18.3 2395.4 36FA573061143Definedbenefitplans -4.7 16 327.5 29.4 35FA573061105Privatepensionfunds -5.9 -69.3 60.0 738.9 121.5 125.6 -1.3 -243.3 346.4 34FA543061125OtherTreasurysecurities 67.6 9.0 29.3 87.3 12 33FA543061115Treasurybills 152.7 9.6 -5.0 32FA543061105Lifeinsurancecompanies 11.4 203.8 -0.7 9 -667.8 31FA513061125OtherTreasurysecurities -4.1 53.9 11 22.5 -27.2 -20.4 -683.5 0.1 30FA513061115Treasurybills 2.7 -23.1 29FA513061105Property-casualtyinsurancecompanies -131.1 -12.4 19.5 35.8 -4.3 0.1 142.5 1.1 0.7 8 28FA473061105Creditunions -8.8 42.9 -4.3 27FA743061103BanksinU.S.-affiliatedareas 235.8 5.7 10 382.5 2.2 26FA753061103ForeignbankingofficesinU.S. 57.2 13.0 66.7 -15.6 -4.4 598.8 5 25FA763061100U.S.-chartereddepositoryinstitutions 6 0.0 76.7 0.0 75.6 88.8 -11.8 29.6 -4.7 24FA713061125OtherTreasurysecurities 39.7 0.0 23FA713061113Treasurybills -10.0 153.1 156.3 0.0 799.3 22FA713061103Monetaryauthority 30.0 -4.0 128.3 593.9 42.0 0.0 -6.2 21FA213061103OtherTreasurysecurities 4 81.2 220.6 65.9 20FA213061120SLGS(line8) -0.3 -2.6 2 2684.2 95.7 19FA213061105Stateandlocalgovernments 0.0 185.6 481.8 2423.9 34.2 2095.4 184.6 1892.6 1299.3 0.0 18FA113061003Nonfinancialnoncorporatebusiness 1324.0 103.6 0.0 38.0 17FA103061103Nonfinancialcorporatebusiness 11004.8 264.9 985.0 1947.7 113.4 0.0 113.9 16FA153061185OtherTreasurysecurities 11.6 808.4 0.0 690.6 126.3 15FA313161400U.S.savingssecurities(line7) 279.6 742.2 1111.5 14FA153061105Householdsector -26.3 -1.5 4317.3 1772.2 13FA893061105Netpurchases 1062.7 987.2 -1.5 1131.6 12FA313161375Othernonmarketablesecurities 745.9 -1.1 11FA503061303HeldbyFederalReservecreditfacilityLLCs 10FA343061145Federalgovt.definedbenefitpensionplans 9FA343061123ThriftSavingsPlanGFund 8FA213061120Stateandlocalgovernmentseries(SLGS) 7FA313161400U.S.savingssecurities 6FA313161305NonmarketableTreasurysecurities 5FA313161283HeldintheCivilServiceRetirementFund(2) 4FA313161275OtherTreasurynotes,bonds,andTIPS 3FA313161110Treasurybills 2FA313161205MarketableTreasurysecurities 1FA313161105Netissues Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.210 TreasurySecurities(1) (3) Comprisedprimarily ofnonmarketableTreasurysecurities. (2) Long-termmarketablesecuritiesissuedtothe CivilServiceRetirementFundbytheFederalFinancingBank.Thesesecuritiesarenotcurrently tradedinthemarket. opposedtointragovernmentalholdingsasreported ontheMonthlyStatementofPublicDebt. IntheFinancialAccounts,nonmarketablegovernment securitiesheldbyfederalgovernmentemployeedefinedbenefitretirementfundsareconsidered partofthefinancialbusinesssectoras (1) IncludesmarketableandnonmarketableTreasury securitiesheldbythepublic(netofpremiumsanddiscounts)Treasury federalgovernmentemployeeretirementfunds. 0821 002019 2020 2019 2018 41217. 52221. 7. 183158724. 52713 2512.7 2048.9 11598.7 2168.3 876.1 2410.8 4582.2 1176.6 1411.2 1 2512.7 2048.9 11598.7 2168.3 876.1 2410.8 4582.2 1176.6 1411.2 2339. 5326389047. 17310. 9. 22 996.9 1000.5 4137.3 4077.9 859.0 6.3 2553.2 99.1 -243.3 2. 2. 7. 9. 7. 14. 3. 6. 2. 55 228.6 52 168.2 -57.4 438.6 -183.0 -1148.2 4.9 -70.4 297.2 -77.8 -78.2 -89.2 225.7 -66.0 120.2 -78.3 -73.1 43 42 -93.2 139.1 -75.2 -112.1 -298.4 39 4223.8 4327.9 57.8 781.2 925.0 75.9 -139.0 75.2 405.1 147.4 580.9 1199.9 126.7 31.1 1219.8 81.6 163.0 129.5 170.6 481.2 102.0 111.8 124.7 14 732.6 341.7 151.5 -672.8 -687.7 -135.4 138.2 231.4 594.1 3 -260.3 -202.8 9687.0 962.7 -117.8 369.2 2546.6 77.0 386.9 2. 642. . . 58065. 2132 12.1 51.6 30 5.4 0.6 23.4 45.8 83.1 8.2 56.6 7.4 2.0 27.5 -30.4 -6.4 20 42.1 5.7 -28.8 -8.8 76.7 -12.6 39.7 30.0 65.9 34.2 38.0 11.6 -26.3 35-04313182-9. 3814. 9. 0156 57 53 40.1 188.5 34.4 262.5 -94.2 -0.6 -806.8 1245.4 6.6 49 -1202.0 53.8 7.4 121.6 -35.0 -192.0 99.1 15.6 198.2 12.9 -389.5 311.3 29.9 266.1 62.3 -40.4 47 81.8 76.7 173.3 1.4 43.5 45 28.6 224.2 179.0 44 22.1 17.9 386.6 38.7 222.9 12.8 -1040.6 -186.3 406.0 33.7 291.1 104.1 -1062.7 172.8 44.1 248.1 143.8 -64.1 176.0 214.2 58.7 36 167.9 -63.7 175.7 35 46.1 71.6 62.7 19.9 120.0 39.3 62.0 69.7 131.9 48.4 67.0 41.1 31 -13.5 14.9 31.3 32.3 -3.2 54.1 36.9 -40.0 62.5 30.1 -34.4 58.0 11.2 11.3 32.9 14.3 4.2 26.2 -15.7 21 1.8 130.4 112.0 20.5 469.1 -48.3 55.6 -5.0 165.8 42.4 13.9 02-. 04-. 11-. . . . 48 0.3 0.5 0.8 -3.0 -1.1 -0.8 -0.4 -0.5 -0.2 33 2.6 35.0 -7.1 60.5 -2.3 -0.4 22.7 0.6 -4.3 7 -6.3 -4.7 -1.3 -5.0 -4.1 -4.3 -4.3 -4.4 -4.7 . . 57000000325010154 0.1 0.1 51 382.5 3.1 0.0 -4.1 0.0 -5.8 46 5.7 0.0 -4.0 -1.3 95.7 15.8 0.0 19.4 10.3 -22.2 -2.7 0.0 -43.0 12.6 3.3 8.1 0.4 -47.9 7.1 28 16.0 6.3 15.0 -7.7 23 1.7 12.7 1.2 0.3 2.8 7.4 625.5 5.1 650.0 2.2 23.8 157.8 168.5 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 57

Transactions Transactions 2 F43675 oenetsosrdetrrss-. . 2. 02-78-66-. 3. 4. 22 -46.5 18 -37.7 1.4 -0.5 2.9 19 -26.4 -16.6 3.1 27.5 13 15 -27.8 11.4 6.5 12 107.1 -2.9 40.2 20.5 13.2 21.3 39.8 -25.3 0.6 -10.7 8.0 -45.6 -11.7 3.8 4.6 1.5 -4.3 97.2 -7.5 -5.1 17.3 1.1 0.9 32.4 11 17.9 7 1050.3 5.6 -3.4 20.4 652.6 7.6 27FA263061705Restoftheworld 1.1 -2.5 243.1 -13.1 24.3 12.7 26FA733061703Holdingcompanies 7.1 6.8 -0.1 25FA663061703Brokersanddealers 466.5 20.5 7.9 12.7 -0.3 6.2 24FA643061773REITs 25.7 23FA673061703ABSissuers 8.9 138.2 -0.1 20.2 3.1 22FA403061705Government-sponsoredenterprises 603.1 -2.5 21FA653061703Mutualfunds 4 20FA633061700Moneymarketfunds -6.3 102.7 3 -14.5 937.8 66.8 19FA223061743Stateandlocalgovt.retirementfunds 7.4 30.7 18FA343061705Federalgovernmentretirementfunds 505.6 17FA573061705Privatepensionfunds -2.8 -177.4 -44.4 16FA543061705Lifeinsurancecompanies 1388.3 117.3 15FA513061705Property-casualtyinsurancecompanies -5.5 138.4 136.8 14FA473061705Creditunions 252.1 13FA743061703BanksinU.S.-affiliatedareas 98.8 663.6 12FA753061703ForeignbankingofficesinU.S. 11FA763061705U.S.-chartereddepositoryinstitutions 22.3 204.9 10FA713061705Monetaryauthority 81.1 113.8 165.8 9FA213061703Stateandlocalgovernments 8FA313061703Federalgovernment 7FA103061703Nonfinancialcorporatebusiness 6FA153061705Householdsector 5FA893061705Netpurchases 4FA413065005Agency-andGSE-backedmortgagepools 3FA403161705Government-sponsoredenterprises 2FA313161705Budgetagencies 1FA893161705Netissues Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.211 Agency-andGSE-BackedSecurities(1) 58 consideredofficiallytobepartofthetotalborrowingfederalgovernment,whichisshownintableF.106,line48. andagency-GSE-backedmortgagepoolsecuritiesissuedbyGinnieMae,FannieFreddieMac,theFarmersHomeAdministration(line4).Onlybudgetagencyissuesare (1) Agency-andGSE-backedsecuritiesinclude:issuesoffederalbudgetagencies(line2)suchasthosefortheTVA;government-sponsoredenterprises3)FannieMae FHLB;

Z.1, March11,2021 0821 002019 2020 2019 2018 162-3. 6. 208-4. 0. 99033827110 237.1 303.8 1909.0 203.7 -243.2 -270.8 663.4 -236.6 -136.2 7. 1. 4326. 4. 4. 11. 259-2. 6 -328.3 5 -275.9 923.5 -1313.5 532.8 144.8 -222.5 240.6 1505.5 1 63.6 274.2 923.5 -443.2 348.7 532.8 111.5 684.8 -222.5 170.9 1505.5 316.9 274.2 245.4 348.7 684.8 316.9 245.4 3. 1. 1474. 5. 2. 410-3. 30320 -360.3 -538.3 -421.0 14 820.7 73.0 152.6 104.0 43.2 118.7 -124.7 3.3 110.2 9.7 -37.4 4.3 74.7 3.9 -11.8 4219-07-. . 1. 75-. 9926 -9.9 27 38.1 25 -7.0 -8.8 -187.1 24 13.5 -301.1 -7.5 -107.7 275.7 26.8 -0.9 -18.3 26.4 58.1 9.1 9.3 54.2 -19.2 -5.8 -541.5 -43.6 17 16.7 3.0 36.9 -10.7 56.1 -7.9 31.9 16.3 1.9 95.7 28.9 -55.3 -129.9 14.2 50.3 18.3 14.9 19.4 27.8 32.1 7.1 16.6 12.9 15-. 10-. 10-. 07-. . 2 0.2 -3.5 -0.7 -0.1 -1.0 -2.2 -1.0 -1.7 -1.5 ...... 23 0.0 0.0 0.0 21 0.0 130.3 476.9 0.0 -481.6 16 0.0 70.4 17.5 96.9 0.0 27.3 74.4 -40.7 0.0 49.0 22.0 8 0.0 31.0 -18.3 0.0 9 1.7 5.6 70.6 0.0 31.3 6.5 0.0 -39.8 -1.3 0.0 -47.7 1.6 21.4 0.0 18.7 0.0 3.6 0.0 4.4 0.0 5.7 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

4 F43605 oenetsosrdetrrss-. 06-. 10-. 02-. 02-. 24 -0.8 -0.2 -0.7 19 0.0 18 -0.2 0.0 0.0 -0.1 0.0 0.0 13 14 -1.0 16 0.0 -3.7 12.2 0.0 0.0 -0.5 -0.6 0.0 9.9 -0.0 0.0 -0.6 -0.1 0.0 4.0 0.0 -0.7 0.0 9 10 0.1 12 -0.4 0.0 0.4 -0.8 48.4 -0.0 0.0 0.0 -0.5 0.4 49.5 0.0 -0.5 -0.0 0.0 0.2 -0.3 50.2 -2.7 0.2 0.0 0.0 27FA263062003Restoftheworld 0.7 5 6 127.7 -1.1 1.9 6.6 -0.2 0.0 -0.0 -13.1 -6.0 26FA503062003Otherfinancialbusiness -15.4 -0.1 25FA663062003Brokersanddealers 0.4 -5.6 -4.7 0.8 24FA403062005Government-sponsoredenterprises 0.0 16.5 -2.2 -0.1 -8.9 -38.9 0.1 2 23FA563062003Exchange-tradedfunds -0.3 -2.1 68.9 0.0 22FA553062003Closed-endfunds 51.5 -11.7 21FA653062003Mutualfunds 0.3 -0.1 15.0 -29.5 20FA633062000Moneymarketfunds 172.0 -4.5 -39.8 22.8 -0.1 0.1 107.7 19FA223062043Stateandlocalgovt.retirementfunds -1.5 18FA343062033Federalgovernmentretirementfunds 25.7 13.9 1.7 -0.3 17FA543062005Lifeinsurancecompanies -9.8 88.2 5.8 16FA513062005Property-casualtyinsurancecompanies -3.1 26.4 15FA473062005Creditunions 14.1 14FA743062003BanksinU.S.-affiliatedareas -2.5 89.2 13FA753062003ForeignbankingofficesinU.S. -4.1 12FA763062000U.S.-chartereddepositoryinstitutions 9.2 11FA213062003Stateandlocalgovernments -50.7 10FA113062003Nonfinancialnoncorporatebusiness 9FA103062003Nonfinancialcorporatebusiness 8FA153062005Householdsector 7FA893062005Netpurchases (industrialrevenuebonds) 6FA103162000Nonfinancialcorporatebusiness 5FA163162003Nonprofitorganizations(2) 4FA213162200Long-term 3FA213162400Short-term(1) 2FA213162005Stateandlocalgovernments 1FA383162005Netissues Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.212 MunicipalSecurities (2) Liabilityofthehouseholdsandnonprofitorganizationssector(tableF.101). (1) Debtwithoriginalmaturityof13monthsorless. 0821 002019 2020 2019 2018 1. 5. 4. 7. 93-39-00-25-1. 8 7 -111.9 32.4 -12.5 182.9 -50.0 96.7 4 -13.9 51.1 29.0 19.3 167.2 106.5 -72.9 1 99.0 38.8 32.4 -47.1 31.7 85.2 -51.5 182.9 75.8 20.2 -10.2 96.7 25.3 -57.3 29.0 87.3 106.5 2.4 38.8 85.2 -53.6 20.2 -57.3 211585. 86178-805. 4. 3421 93.4 147.8 52.8 -88.0 107.8 98.6 51.5 105.8 22.1 16401. . . 331. . 2127 32.1 2.9 25 17.1 -15.2 6.7 -3.3 4.7 -21.1 -10.0 4.8 -15.6 17 12.2 -2.0 7.3 15 5.3 4.0 0.7 -9.9 4.8 -1.6 -0.6 -5.2 3.8 0.6 -5.3 3.6 -0.8 4.0 -0.5 -0.3 -1.3 -1.0 4.4 -2.5 0.4 -0.1 ...... 8526 18.5 1.8 4.8 22 -1.5 23 22.0 0.0 -0.0 15.0 0.0 20 -0.2 -63.8 15.9 0.0 -44.1 0.5 3.8 16.4 6.3 0.3 15.7 6.0 0.0 11.9 5.4 -14.4 14.2 11 0.0 -0.3 0.5 -7.6 10.5 1.7 -21.4 1.4 6.6 -8.9 2.0 3.9 8.4 0.1 0.5 3 -0.4 0.4 1.5 4.7 -0.8 8.7 0.5 -6.0 12.5 1.1 2.0 6.8 2.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 59

Transactions Transactions 7 F43605 oenetsosrdetrrss-. 27-. 30-. 4501-. 2237 -2.2 -2.9 0.1 31 2.2 -4.5 -2.9 3.5 32 -117.0 -3.0 3.1 -49.9 -2.3 91.2 -4.5 -2.7 95.3 47FA263063095Other 1.2 46FA263063603MBSandotherABS -6.0 45FA263063005Restoftheworld(4) -112.2 1.6 24 7.8 63.0 44FA503063005Otherfinancialbusiness 20 5.4 43FA733063003Holdingcompanies 1.1 57.2 4.9 42FA663063005Brokersanddealers -0.2 1.3 59.4 41FA643063005REITs -103.4 40FA613063003Financecompanies 19 -4.0 -7.5 -17.4 66.4 0.2 39FA403063095Other 15 -15.9 13.9 38FA403063605MBSandotherABS 2.5 -2.9 37FA403063005Government-sponsoredenterprises -85.4 -0.9 54.2 -30.3 36FA563063003Exchange-tradedfunds 145.9 16 35FA553063003Closed-endfunds 12.9 24.0 61.5 -122.6 -62.6 34FA653063005Mutualfunds 130.8 33FA633063005Moneymarketfunds 3.8 30.9 34.7 -13.1 134.4 32FA223063045Stateandlocalgovt.retirementfunds 2.9 56.6 6.8 7.7 -134.5 31FA343063005Federalgovernmentretirementfunds 30FA573063005Privatepensionfunds -6.5 -2.4 -29.1 -0.1 29FA543063095Other 20.6 -0.6 28FA543063675MBSandotherABS 6.8 27FA543063005Lifeinsurancecompanies 2.1 -3.3 26FA513063095Other 25FA513063605MBSandotherABS 44.1 14.6 24FA513063005Property-casualtyinsurancecompanies -37.9 4 23FA473063095Other 21.9 22FA473063605MBSandotherABS 21FA473063005Creditunions 16.6 20FA743063005BanksinU.S.-affiliatedareas 19FA753063005ForeignbankingofficesinU.S. 2 19.3 107.6 18FA763063095Other 46.5 346.1 17FA763063605MBSandotherABS 16FA763063005U.S.-chartereddepositoryinstitutions 1.1 1758.5 753.7 15FA213063003Stateandlocalgovernments -41.2 14FA313063763Federalgovernment -2.4 26.1 13FA153063005Householdsector 367.5 -18.7 12FA893063005Netpurchases(3) 741.5 12.3 257.0 11FA263163005Restoftheworld(2) 148.1 10FA503163005Otherfinancialbusiness 9FA733163003Holdingcompanies 8FA663163003Brokersanddealers 7FA643163005REITs 6FA613163005Financecompanies 5FA673163005ABSissuers(net)(1) 4FA763163005U.S.-chartereddepositoryinstitutions 3FA793163005Domesticfinancialsectors 2FA103163003Nonfinancialcorporatebusiness 1FA893163005Netissues Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.213 CorporateandForeignBonds 60 (4) NetpurchasesofU.S.issuesbyforeignresidents. issuedasset-backedbonds. (3) Forsomesectors,purchasesofMBSandotherABSareshownseparately. includeprivatelyissuedmortgage-backedsecuritiesandother (2) NetpurchasesofforeignissuesbyU.S.residents. (1) Netissuancelessnetacquisitionofcorporatebondsheldasassets.

Z.1, March11,2021 0821 002019 2020 2019 2018 1. 40281456. 8. 8. 0. 2. 34 226.3 407.7 480.7 -82.3 65.0 29 128.9 4.5 27 244.4 180.6 258.1 194.7 287.8 64.0 274.0 232.2 14.5 115.2 316.2 23.4 157.9 210.5 186.5 114.2 254.2 100.5 137.6 123.7 12 11 375.9 135.3 222.7 70.4 2550.7 351.9 836.0 -603.2 336.0 337.4 616.9 14.5 996.3 -11.4 486.7 74.3 363.6 139.0 1 375.9 222.7 2550.7 836.0 336.0 616.9 996.3 486.7 363.6 5. 5. 9. 23139-34739-705. 47 57.6 45 -37.0 171.6 17.4 793.9 -43.4 781.9 193.9 -76.1 92.3 201.8 80.1 192.8 154.9 223.7 -59.6 153.1 -62.2 18 -116.5 139.1 127.6 -157.0 -10.7 13.4 -1.7 37.8 9 26.8 -32.7 -146.2 276.9 371.8 -97.2 -18.7 132.3 41.0 -48.4 14-. 2. 631. 5. 2. 1. . 41 1.3 -15.9 -29.0 -54.9 12.7 36 172.6 -6.3 194.8 -24.6 295.1 30 -42.4 -3.4 113.6 28 67.5 111.9 11.4 51.7 95.5 142.9 43.4 26 25 7.3 155.0 44.8 18.2 37.6 93.7 43.9 82.6 13.4 42.2 33.6 45.5 94.9 13.9 8.9 50.9 82.8 15.5 28.6 -2.2 39.6 -0.7 43.7 41.7 48.6 12.5 23.4 46.3 15.2 23.1 26.7 8.0 43.7 12.9 13 -262.7 -888.0 427.1 497.2 10 -40.1 71.8 7 90.8 5.0 6 45.9 342.4 17.4 -56.6 32.5 -298.0 -111.9 55.9 71.1 147.7 2.3 -39.8 75.7 3 123.8 103.1 132.9 71.8 23.8 -73.6 -193.8 75.6 43.7 440.2 43.0 46.6 685.5 35.3 2.7 1.1 69.3 -42.7 31.0 234.9 51.6 266.2 155.4 76.4 27-. 09-2279-27-205. 1. 46 114.0 44 19.5 54.4 -2.0 -12.0 40 8.5 2.0 -32.7 7.9 39 23.4 9.8 38 -0.0 -2.2 -12.2 -12.4 -0.3 16.4 -2.6 30.9 3.5 7.4 -0.3 0.5 -1.9 12.4 -0.3 12.5 33 -4.1 -2.7 -14.8 0.2 -0.4 10.4 14.4 -2.5 -1.9 8.9 -0.4 -4.2 -2.6 -0.2 -0.5 -19.0 -2.1 -0.4 -4.5 9.6 -2.3 -0.4 17.6 -5.6 -5.9 11.0 -1.1 17 -6.0 -8.3 6.9 22.6 4.3 7.1 3.8 6.3 8 73.8 -5.2 -57.2 5 -308.7 -12.8 331.7 -18.5 -37.4 -39.6 -90.1 170.2 9.9 65.2 -10.0 142.6 24.8 -1.7 72.8 -3.7 . . 3283-. 061. 2. . 43 2.6 42 -26.1 -47.1 11.3 61.8 -0.6 -32.0 -4.0 34.2 35 -3.2 8.3 -56.6 -0.6 36.0 -3.2 -1.3 4.2 5.0 6.1 -22.0 4.5 0.5 0.7 1.9 0.2 23 22 -0.2 2.0 0.0 21 -0.2 0.2 0.5 1.5 1.7 -0.1 -1.5 -1.7 0.4 10.2 10.6 -0.1 1.2 14 1.0 0.0 0.1 0.4 0.5 0.0 0.1 2.5 2.6 0.0 -0.0 1.2 1.1 0.0 0.2 0.2 0.4 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F23603 tt n oa ot eieetfns54-. . 12-. . . 010045 0.0 47 48 773.4 -14.5 -0.1 41 39 44 1.3 439.9 30.7 -6.7 1.7 0.0 -552.6 -44.4 -0.4 -5.7 1056.3 1.6 0.0 117.3 95.0 0.5 8.5 38 -2.9 136.8 -62.8 -72.9 156.2 34 3.2 7.3 98.8 -0.6 8.9 -241.9 -1.2 429.3 -250.6 22.3 96.7 8.0 9.6 -29.0 0.8 13.0 636.2 35 32 829.8 113.8 -774.6 37 -0.1 149.3 55FA263069500Restoftheworld 5.4 -0.3 12.9 -4.1 -383.8 -0.9 31 -15.8 39.1 165.8 28.1 -524.1 3.5 54FA503069005Otherfinancialbusiness -13.6 1.2 0.8 1.6 15.8 5.4 53FA733069005Holdingcompanies 171.7 -1085.9 -0.7 52FA663069005Brokersanddealers 5.8 4307.8 3.4 -151.7 1881.0 2.4 51FA643065005REITs 3.5 17.7 637.7 -13.0 333.5 4.4 3.5 50FA614023005Financecompanies 29 204.0 28.4 2.7 -1.2 -3.7 373.1 230.6 49FA674023005ABSissuers 1022.7 48FA413065005Agency-andGSE-backedmortgagepools 5.3 40.1 286.2 2.9 188.2 21.8 47FA404023005Government-sponsoredenterprises 829.5 46FA653069803Mutualfunds 359.6 442.3 -0.9 754.0 3.1 -1.9 22 438.1 636.2 45FA223065043Stateandlocalgovt.retirementfunds 0.0 2.1 44FA313169003Federalgovernmentretirementfunds 2.7 2.6 73.5 43FA573065005Privatepensionfunds 0.0 42FA544023005Lifeinsurancecompanies 232.8 1.8 2.8 41FA513065505Property-casualtyinsurancecompanies 20 0.0 374.3 -5.0 40FA474023000Creditunions 2.2 16 1.0 114.5 1.1 39FA744023003BanksinU.S.-affiliatedareas 19.8 0.0 38FA754023005ForeignbankingofficesinU.S. 90.4 37FA764023005U.S.-chartereddepositoryinstitutions 1.8 1.2 36FA713068005Monetaryauthority 0.0 17 17.5 0.7 35FA794023005Domesticfinancialsectors 9.8 0.0 18 -424.0 34FA213065005Stateandlocalgovernments 0.4 -213.6 0.7 33FA314023005Federalgovernment 0.0 -1509.9 -267.8 1797.8 1.1 32FA114023005Nonfinancialnoncorporatebusiness 0.1 -1094.8 -107.6 0.0 31FA104023005Nonfinancialcorporatebusiness 667.1 42.2 30FA154023005Householdsector 14 13 1.0 6.4 -93.6 -54.4 -26.1 0.0 -29.6 29FA384023005Domesticnonfinancialsectors -124.1 335.8 -531.6 1.0 0.2 -69.0 28FA894123005Netchangeinassets 11 -227.3 165.6 923.8 1003.7 1.0 -92.3 0.5 -10.7 1726.4 617.4 27FA264123005Restoftheworld 735.9 68.7 -9.2 301.3 1047.1 1.1 26FA504123005Otherfinancialbusiness 2959.4 25FA664123005Brokersanddealers 248.6 296.1 24FA644123005REITs 889.9 333.6 455.6 23FA614123005Financecompanies 305.1 22FA403169283Government-sponsoredenterprises 197.6 281.7 5 1436.5 183.4 21FA543169373Lifeinsurancecompanies 583.9 292.9 1016.5 20FA513169333Property-casualtyinsurancecompanies 3 628.0 826.2 19FA473169333Creditunions 476.9 18FA763169305U.S.-chartereddepositoryinstitutions 338.7 2 137.5 17FA794123005Domesticfinancialsectors 393.3 -297.7 -1088.2 266.5 -806.4 1779.9 16FA213169203Stateandlocalgovernments 15FA314123005Federalgovernment 30.6 127.6 360.3 2594.0 14FA114123005Nonfinancialnoncorporatebusiness 486.0 -606.8 13FA104123005Nonfinancialcorporatebusiness 80.8 326.5 307.8 12FA154123005Householdsector 123.3 116.0 321.6 11FA384123005Domesticnonfinancialsectors 404.4 -173.3 10FA894123005Netchangeinliabilities 143.0 Bysector 280.3 9FA153166000Consumercredit 8FA893065603Farm 7FA893065505Commercial 6FA893065405Multifamilyresidential 5FA893065105One-to-four-familyresidential 4FA893065005Mortgages 3FA893169005Otherloansandadvances 2FA793068005Depositoryinstitutionloansn.e.c. 1FA894123005Netchangeintotalloans Byinstrument Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.214 Loans(1) (1) Sumofdepositoryinstitution loansnotelsewhereclassified,other loans andadvances,totalmortgages,consumer credit. 0821 002019 2020 2019 2018 1171. 1. 746-90-. 6. . . 15 0.0 0.0 -62.8 -0.6 -29.0 -774.6 -15.8 15.8 -151.7 6. 01417. 7. 3. 122-1. 8. 13928 1113.9 287.1 -617.9 5112.2 831.7 474.1 1473.8 1041.4 867.9 12 1083.1 930.0 19.8 615.8 10 9 1113.9 95.0 547.8 287.1 533.9 83.7 -617.9 7 662.2 5112.2 73.7 6 -234.1 831.7 520.3 170.1 41.2 106.8 4 474.1 500.4 125.4 87.8 839.7 169.4 1473.8 138.3 872.2 198.4 1041.4 203.2 88.8 867.9 576.7 -3.5 113.8 149.3 697.2 193.0 181.9 1 184.6 550.9 117.9 1113.9 181.6 130.7 287.1 759.2 136.1 135.5 -617.9 746.4 123.0 5112.2 125.2 600.5 831.7 579.3 474.1 1473.8 1041.4 867.9 1. 34-. 19-284. 3. 5. 7653 17.6 52 399.0 -57.7 258.0 -38.7 -87.0 44.3 85.2 46 -32.8 3.3 74.0 51.9 -10.2 12.4 -8.7 -12.6 163.8 13.4 -14.2 35.1 -18.8 -9.4 -23.8 -13.0 -8.4 -19.2 -10.5 30 103.8 -138.6 -100.1 574.2 -37.8 24 127.4 -6.4 109.8 -46.0 17.1 -134.4 -14.1 143.1 12.9 -7.5 -10.9 -8.2 -12.9 359. 683. 2. 6. 575. 3555 53.5 59.7 25.7 51 -3.7 168.2 47.1 120.5 -11.3 37.3 -92.3 76.8 -46.9 42 97.5 1.8 38.2 23.5 8.3 -15.0 40 5.0 18.9 1.3 64.3 20.2 65.5 78.4 36.4 81.2 66.5 74.5 19.2 33 89.9 76.2 47.5 311.0 57.2 61.5 539.2 68.5 75.8 86.9 80.7 99.7 27 92.7 253.9 -24.8 93.6 -155.1 99.1 355.0 49.4 126.8 66.9 93.9 52.4 07081. . 593. 1. . 5654 55.6 7.3 -17.0 50 31.0 0.6 49 -29.8 -5.9 17.4 1.7 43 3.5 1.6 -115.1 -46.3 16.0 19.2 1.5 151.2 -33.6 0.8 1.2 23.7 -17.1 -0.7 134.3 2.6 -20.3 19.2 -4.5 1.4 48.3 -6.0 1.6 -0.4 1.7 1.3 -2.8 23 10.7 32.6 25.9 27.7 2.4 13.9 24.2 5.9 -0.4 . . 220000249-1. . 2136 82.1 3.0 -111.1 234.9 0.0 0.0 52.2 0.0 26 82.8 0.0 19.3 60.6 25 21 165.7 0.0 1.3 -152.3 0.0 -321.2 -18.4 19 -17.9 831.6 2.2 0.0 -11.2 -32.5 76.0 40.7 -49.2 132.9 42.4 130.9 10.2 0.0 23.4 -7.7 15.7 0.0 2.1 15.3 11.1 7.5 -9.0 -5.5 6.4 2.9 8 12.0 12.0 11.8 11.8 21.3 21.3 11.9 21.1 9.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 61

Transactions Transactions 8 F73605 ak nUS-fiitdaes055005-. 077766-. 6118 -6.1 -6.2 6.6 17 -70.7 7.7 -239.9 -247.5 11 10.7 0.8 627.5 16 -279.1 -1.8 9 6.1 -1.3 -579.5 82.8 12 0.5 -65.0 464.0 -1.7 -8.5 19.3 1734.5 -84.0 13 5.0 -1.3 17.4 51.0 132.8 60.6 -25.2 79.5 0.5 25.5 117.1 1.5 0.0 135.5 335.0 -95.9 -2.1 32.1 -2.7 0.0 98.8 199.8 -18.7 -0.9 47.9 0.0 253.4 -9.7 -0.9 148.0 3 (3) LoansfromFederalReservebankstothehousehold,brokeranddealer,financecompanies,otherfinancialbusinesssectors. 4 40.7 -5.0 (2) LoansfromFederalReservebankstofunding,credit,andliquidityfacilityspecialpurposevehicles. -203.5 -329.2 79.0 0.1 (1) Excludesdepositoryinstitutionlendingintheformofopenmarketpaper,mortgages,andconsumercreditwhichareshownonotherinstrumenttables. 0.0 -743.6 24.1 0.6 92.7 -5.4 19FA473068005Creditunions 546.0 0.0 18FA743068005BanksinU.S.-affiliatedareas 57.4 1325.9 17FA753068005ForeignbankingofficesinU.S. 357.5 16FA763068005U.S.-chartereddepositoryinstitutions -43.0 23.1 29.3 15FA713068005Monetaryauthority(3) -37.2 14FA793068005Netchangeinassets 93.3 149.6 13FA263168495Foreignnondepositoryfinancialinstitutions 21.6 25.1 12FA263168485Foreignnonfinancialcorporations 11FA263168465Foreignofficialinstitutions 94.5 77.9 10FA263168005Restoftheworld 9FA713068505Otherfinancialbusiness(2) 8FA663168005Brokersanddealers 7FA643168005REITs 6FA613168005Financecompanies 5FA793168005Domesticfinancialsectors 4FA113168005Nonfinancialnoncorporatebusiness 3FA103168005Nonfinancialcorporatebusiness 2FA153168005Householdsector 1FA793068005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.215 DepositoryInstitutionLoansNotElsewhereClassified(1) 62

Z.1, March11,2021 0821 002019 2020 2019 2018 8. 4. 0. 2. 0829. 2. 864-9. 14 -297.7 -806.4 127.6 2594.0 80.8 123.3 404.4 143.0 280.3 1 -297.7 -806.4 127.6 2594.0 80.8 123.3 404.4 143.0 280.3 828. 851664. 3. 128-. 8510 68.5 -5.8 -122.8 333.9 47.3 126.6 2 68.5 24.0 86.8 -58.9 58.2 -19.8 135.6 51.6 -8.5 20.3 10.8 39.9 571. 061. 29-061. 62-3819 -23.8 16.2 15.6 -10.6 12.9 16.5 -0.6 13.7 -5.7 . . 220000249-1. . 2115 82.1 3.0 -111.1 234.9 0.0 0.0 8 6 53.3 7 52.2 11.6 -5.3 -25.1 0.0 32.1 -48.4 -244.0 5 142.5 27.3 258.1 0.0 -114.4 -22.1 3.6 155.0 27.9 -270.5 -3.9 2.0 9.5 441.0 -9.2 1.7 12.8 10.6 -3.2 24.7 2.3 13.1 -9.2 5.6 72.7 4.2 3.3 -1.3 2.3 9.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F53603 opoi raiain ML)00000000000000000257 0.2 54 1.5 0.0 53 58.7 11.7 55 0.0 56 20.6 52 20.5 36.4 -3.2 1.0 3.2 0.0 1.0 5.5 -13.1 0.0 48 0.0 0.0 -7.7 -18.0 0.0 0.0 0.0 31.0 0.0 -5.2 0.0 0.0 0.0 0.0 -5.9 -7.6 0.0 0.0 0.0 0.0 3.5 3.6 18.2 0.0 0.0 20.1 0.0 46 -0.8 -7.4 0.0 38.1 6.0 0.0 0.0 10.5 44 0.8 6.0 -4.1 0.0 112.4 0.0 0.0 0.0 41 -127.3 -47.6 -0.7 -0.6 -1.8 42 38 389.3 -77.2 0.0 0.0 0.0 37 119.5 40 -0.7 -1.3 0.0 262.2 39 -16.6 573.5 41.2 -18.4 0.0 33 -72.9 -11.9 -0.1 -12.7 0.0 -36.1 0.0 -13.2 36 75.4 48.3 0.0 0.0 -114.3 5.2 123.4 57FA503069033Nonprofitorganizations (MSLF) -127.0 0.0 0.0 26.4 34 56FA503069023Nonfinancialnoncorporatebusiness(MSLF) 46.4 120.3 66.6 4.6 51.5 0.0 55FA503069013Nonfinancialcorporatebusiness(MSLF) 0.0 -3.4 32 35 0.0 54FA503069003Liab.:Householdsector(TALFII) 31.8 20.6 -30.6 21.1 0.0 16.0 -6.3 -34.0 53FA503069075Otherfinancialbusinessloans(4) 31 1.7 29 0.0 -2.2 -2.1 -0.2 -19.9 -12.5 1.3 15.0 -2.0 0.0 13.3 -22.1 156.7 -2.1 52FA503069805Otherfinancialbusiness -2.7 -0.3 -24.1 -0.1 0.0 -5.5 51FA663069803Brokersanddealers 13.0 23.3 -26.8 -18.4 13.3 0.0 50FA673069803ABSissuers -0.1 28 -9.3 -1.0 1.3 -5.0 49FA653069803Mutualfunds 0.0 24 -11.7 -10.4 5.3 2.2 0.0 -31.0 4.0 -1.9 48FA543069873Lifeinsurancecompanies 0.0 0.0 8.9 -15.6 47FA153069803Asset:Householdsector 9.8 1.0 19.8 2.9 -0.4 17.2 22 76.0 0.0 46FA103169803Loanstononfinancialcorporatebusiness(3) 2.3 14.3 -1.9 -0.4 0.6 0.0 1.2 0.1 2.5 -1.7 10.2 45FA153067005Asset:Householdsector 4.2 0.0 -3.0 2.3 0.1 44FA153067005Cashaccountsatbrokersanddealers -0.5 0.0 9.8 15.7 1.8 13.5 11.7 4.3 0.0 43FA663067003Liab.:Householdsector 25 26 -3.0 -8.2 0.0 -236.4 42FA663067003Marginaccountsatbrokersanddealers -213.6 15.3 0.7 7.4 1.1 20 6.3 17 -6.1 -282.6 0.0 -267.8 4.3 -8.1 -0.9 0.0 16 41FA113169535Nonfinancialnoncorporatebusiness 7.5 0.1 0.0 -1153.8 -1094.8 6.8 40FA103169535Liab.:Nonfinancialcorporatebusiness 1.1 5.7 1.5 779.6 667.1 -41.1 -0.4 -6.1 39FA613069500Financecompanyloanstobusiness 0.0 6.4 15 6.4 0.0 -89.4 -93.6 -9.3 0.0 0.4 38FA673069505Liab.:Nonfinancialcorporatebusiness 1.5 0.0 37FA673069505SecuritizedloansheldbyABSissuers -96.5 -124.1 0.2 0.0 19.7 0.0 -2.8 -227.3 0.4 -223.3 36FA763169383U.S.-chartereddepositoryinst.(SLMA) 0.0 -40.0 -92.3 35FA113169305Nonfinancialnoncorporatebusiness(FCS) 12 0.5 9 0.0 -90.6 0.1 0.0 14 0.0 34FA183169305Nonfinancialcorporatebusiness(FCS) -2.9 0.0 53.5 49.1 -9.2 0.0 33FA153169305Liab.:Householdsector(SLMA) -2.6 0.0 13 32FA403069395Govt.-sponsoredenterprisesloans(2) 0.0 0.0 0.1 59.7 53.5 -9.7 0.0 0.0 6 31FA643169373Realestateinvestmenttrusts 0.0 25.7 0.0 1.1 7 59.7 -62.8 4.2 30FA613169333Financecompanies 0.0 0.0 0.0 29FA543169373Lifeinsurancecompanies -0.6 0.0 168.2 11 25.7 28FA513169333Property-casualtyinsurancecompanies 0.0 1.8 -16.7 0.0 0.0 27FA473169333Creditunions 0.0 120.5 0.0 -29.0 168.2 26FA763169335Liab.:U.S.-chartereddepositoryinstitutions 0.0 5 0.0 0.7 25FA403069330FederalHomeLoanBanksadvances(1) 37.3 0.0 0.0 120.5 -774.6 16.4 0.0 0.0 4 0.0 -15.8 24FA543069405Lifeinsurancecompanies 76.8 0.0 0.4 37.3 20.5 -62.8 90.4 0.0 23FA313069403Asset:Federalgovernment 0.0 15.8 22FA153169405Policyloans(Householdliability) 97.5 76.8 160.8 -0.6 0.0 1.1 159.1 0.0 -151.7 0.0 280.8 21FA733069023Restoftheworld 23.5 97.5 4.9 -29.0 20FA733069013Liab.:Nonfinancialcorporatebusiness 1.0 -20.0 0.0 19FA733069005Holdingcompanyloans -774.6 0.0 23.5 8.5 6.0 1.0 -15.8 18FA263169705Restoftheworld 0.0 0.0 17FA103169705Liab.:Nonfinancialcorporatebusiness -0.7 15.8 -0.7 16FA753069703ForeignbankingofficesinU.S. 1.0 1 15FA763069703Asset:U.S.-chartereddepositoryinstitutions 0.0 476.9 -151.7 67.7 Customers’liabilityonacceptancesoutstanding 110.5 1.1 137.5 2.6 4.0 0.0 14FA263069500Liab.:Nonfinancialcorporatebusiness -1088.2 13FA263069500ForeignloanstoU.S.corporatebusiness 1779.9 1.7 -0.0 30.6 12FA313169003Liab.:Federalgovernment 11FA313169003Federalgovernmentretirementfunds’loans -606.8 10FA263169203Restoftheworld 326.5 9FA503169205Otherfinancialbusiness 116.0 8FA313069223Financecompanies 7FA403169283Government-sponsoredenterprises -173.3 6FA213169203Stateandlocalgovernments 5FA113169205Nonfinancialnoncorporatebusiness 4FA103169205Nonfinancialcorporatebusiness 3FA153169203Liab.:Householdsector 2FA313069205U.S.governmentloans 1FA893169005Netchangeintotalotherloansandadvances Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.216 OtherLoansandAdvances (4) 2020TermAsset-BackedSecuritiesLoanFacility (TALFII)loanstodomestichedgefundsandprivateequityMainStreetLending Facility(MSLF)loanstononfinancialbusinesses. (3) Syndicatedloansfromdomesticentities,excluding depositoryinstitutionsandfinancecompanieswhichareincludedelsewhere. (2) TheStudentLoanMarketingAssociation(Sallie Mae)wasincludeduntilitfullyprivatizedin2004:Q4.FederalHomeLoanBankadvances areshownseparatelyonline25. affiliatedcaptiveinsurancecompanies. (1) TheFederalHomeLoanBanksareincluded in thegovernment-sponsoredenterprisessector.Financecompaniesandrealestateinvestmenttrusts receiveadvancesthrough 0821 002019 2020 2019 2018 1. 1. 84-30-. 1. 1. 1. . 49 3.3 -10.2 -12.6 -14.2 -9.4 43 389.3 -13.0 262.2 -8.4 -72.9 48.3 -19.2 -10.5 66.6 -6.3 156.7 23.3 -31.0 19 17.6 -57.7 -38.7 44.3 -32.8 51.9 -8.7 13.4 -18.8 613. 274. 313. 803. 9150 39.1 47 -3.3 35.3 -6.6 18.0 -13.4 38.2 9.4 45 53.1 112.4 3.4 49.9 -127.3 -77.2 32.7 10.3 573.5 37.0 -3.5 -36.1 -6.1 2.2 123.4 120.3 -2.3 21.1 -2.0 30 -0.9 0.5 -1.4 -0.2 23 -0.0 0.4 -0.0 21 1.1 25.7 -0.0 -0.5 -16.6 0.0 -29.4 0.4 24.6 -0.0 -2.7 7.3 -0.0 2.8 -0.0 -0.0 1.0 -0.0 9.2 10 -1.5 -2.1 -2.4 -3.0 -3.5 -5.1 -2.6 -2.6 -2.1 -3.7 . 18711. . 69-41-. . 51 9.7 -4.2 -14.1 36.9 7.4 18.7 7.1 11.8 7.2 27 -17.9 -11.2 -49.2 42.4 -7.7 18 0.0 11.1 0.0 -9.0 0.0 -5.5 0.0 2.9 0.0 0.0 8 0.0 0.0 0.0 0.0 0.0 3 0.0 6.9 0.0 12.2 2 0.0 43.5 17.6 0.0 262.8 4.2 455.2 0.0 4.2 -14.0 0.0 14.6 3.6 0.7 0.0 10.2 186.9 4.5 10.0 5.9 5.1 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 63

Transactions Transactions 4 F43605 amr oeAmnsrto FH)()00000000000000000044 0.0 0.0 0.0 0.0 39 0.0 -14.5 30.7 32 0.0 0.0 -44.4 0.0 -0.1 33 117.3 29 989.2 1.3 27 0.0 1.7 136.8 707.5 -0.6 26 98.8 -0.4 588.2 -2.2 0.0 1.6 0.4 22.3 271.4 0.5 -2.0 -2.9 1.9 167.2 113.8 3.2 -3.1 47FA643065005REITs 250.1 -1.2 165.8 46FA613065000Financecompanies -0.4 24 45FA673065005ABSissuers -100.2 639.1 8.7 8.0 0.8 25 -1.1 108.2 -109.5 180.0 20 44FA413065035FarmersHomeAdministration(FmHA)(2) -0.7 21 2.3 -0.3 65.8 43FA413065653FarmerMac 83.8 -0.9 145.1 -0.0 -2.2 42FA413065045FannieMae 10.1 19 41FA413065025FreddieMac 31.1 15 1.2 256.9 1.8 5.4 16 0.0 3.7 0.3 2.8 40FA413065015GinnieMae -0.1 258.3 0.4 39FA413065005Agency-andGSE-backedmortgagepools 177.8 2.4 0.4 -0.1 -5.5 -1.5 2.7 204.2 3.5 203.8 38FA403065653FarmerMac 3.0 37FA403065035FHLB 2.7 87.2 0.0 0.0 157.9 5.4 -1.7 2.7 36FA403065045FarmCreditSystem 3.4 8.1 35FA403065025FreddieMac 41.3 214.9 0.8 -0.1 6.3 34FA403065015FannieMae 2.6 3.5 170.3 33FA403065005Government-sponsoredenterprises 171.8 -0.1 0.9 0.9 122.2 2.6 32FA223065043Stateandlocalgovt.retirementfunds 2.9 31FA573065005Privatepensionfunds -0.0 1.1 10.7 2.5 3.1 30FA543065005Lifeinsurancecompanies -0.0 2.5 29FA513065505Property-casualtyinsurancecompanies 0.9 2.7 2.6 -0.1 28FA473065100Creditunions 0.1 0.6 27FA743065003BanksinU.S.-affiliatedareas 2.5 2.8 26FA753065005ForeignbankingofficesinU.S. 3.2 25FA763065005U.S.-chartereddepositoryinstitutions 2.0 1.0 24FA703065005Privatedepositoryinstitutions 23FA213065005Stateandlocalgovernments 22FA313065095Other(3) 2 21FA313065065FederalDepositInsuranceCorporation 583.9 20FA313065035FederalHousingAdministration(FHA) 19FA313065075FarmersHomeAdministration(FmHA)(2) 628.0 18FA313065015GinnieMae 17FA313065005Federalgovernment 338.7 393.3 16FA113065005Nonfinancialnoncorporatebusiness 15FA103065003Nonfinancialcorporatebusiness 266.5 14FA153065005Householdsector 360.3 13FA893065005Netchangeinassets 486.0 12FA123165005REITs 307.8 11FA313165403Federalgovernment 321.6 10FA113165005Noncorporate 9FA103165005Corporate 8FA143165005Nonfinancialbusiness 7FA153165005Householdsector 6FA893065005Netborrowing 5FA893065603Farm 4FA893065505Commercial 3FA893065405Multifamilyresidential 2FA893065105One-to-four-familyresidential 1FA893065005Netchangeinmortgages Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.217 TotalMortgages(1) 64 (3) OtherincludesDepartmentofVeteransAffairs,FederalFinancingBank,PublicHousingAdministration, andResolutionTrustCorporation. theFarmersHomeAdministration. (2) FmHA-guaranteedsecuritiessoldtotheFederalFinancingBankwerereallocatedfromFmHA mortgagepoolstoFmHAholdingsin1986:Q4becauseofaccountingchangesby (1) Sumofone-to-four-familyresidentialmortgages(tableL.218),multifamily (tableL.219),commercialmortgagesL.220),andfarmL.221).

Z.1, March11,2021 0821 002019 2020 2019 2018 2. 53-424. 79172-85-39-1540 -71.5 -43.9 -48.5 107.2 87.9 49.0 -14.2 75.3 128.8 13 839.7 872.2 576.7 10 697.2 207.8 8 550.9 203.8 272.6 7 759.2 218.1 247.4 568.1 6 746.4 245.9 254.1 616.8 839.7 600.5 258.8 311.3 4 330.9 872.2 73.7 579.3 332.1 3 272.7 382.2 576.7 170.1 218.9 411.8 106.8 262.1 697.2 125.4 248.7 1 271.4 87.8 345.2 550.9 138.3 839.7 206.6 296.0 474.5 203.2 759.2 88.8 872.2 291.2 302.7 113.8 746.4 576.7 149.3 303.9 193.0 600.5 697.2 184.6 117.9 579.3 550.9 130.7 136.1 759.2 135.5 123.0 746.4 125.2 600.5 579.3 1. . . . 6237-. . 1012 -1.0 8.0 -8.4 3.7 16.2 2.2 0.6 1.9 -15.8 021. 1. 82-69-23-134. 3747 -3.7 45 47.1 -71.2 -11.3 -30.4 41 57.7 -92.3 -62.5 74.6 -46.9 115.3 38.2 5.9 -29.6 89.1 -15.0 12.7 18.9 -12.2 51.0 35 14.2 581.4 20.2 34 49.7 381.4 438.4 17.4 273.7 37.7 203.9 30 372.5 11.4 117.7 39.9 133.9 11.3 67.7 28 40.9 12.1 74.6 11.9 113.6 44.0 118.3 335.3 43.0 290.4 53.8 85.1 49.8 77.5 70.8 59.1 59.0 70.3 56.2 19.4 38.4 51.1 45.2 61.4 41.7 41.8 9 64.9 43.7 36.0 65.4 13.9 79.7 52.5 47.3 84.6 8925-. . 19-62-09-461. 46 13.1 -14.6 43 42 -0.2 -0.5 -10.9 -0.3 -16.2 0.4 -1.9 -0.1 -1.8 1.2 -0.2 -2.4 -1.3 -7.1 -0.7 31 -0.0 2.5 0.2 1.6 -0.2 -8.9 -1.1 1.5 -0.4 -1.1 1.2 -0.2 -3.7 2.6 1.4 1.6 1.7 1.3 18 -0.3 -2.8 -0.2 14 -0.2 -4.7 -0.2 -3.9 -0.3 -6.1 -0.3 -4.2 -0.2 -2.0 -0.3 -2.7 -0.4 -4.7 -2.6 -5.8 ...... 38 1.7 1.5 37 36 3.0 21.7 2.7 -21.6 15.5 1.6 -6.7 15.8 1.6 11.4 6.8 11.2 1.0 12.1 10.0 7.3 1.9 -3.4 14.9 1.4 9.9 6.0 0.1 23 22 8.9 8.7 0.0 6.9 13.0 0.0 12.9 17 0.0 5.7 -13.6 0.0 -4.0 5.8 0.0 5.6 4.4 0.0 6.1 5.3 11 0.0 0.0 1.3 -0.9 0.0 0.0 11.2 2.1 0.0 0.0 3.3 0.0 0.6 0.0 3.4 5 0.0 12.0 0.0 12.0 0.0 11.8 11.8 0.0 21.3 21.3 11.9 21.1 9.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F73623 oeg akn fie nUS 0001-. 0105-. . 03-. 26 -0.5 -0.3 0.1 25 -0.2 -60.6 24 -74.5 0.5 -52.4 -60.8 -61.2 -0.1 -76.9 -18.0 -22.4 -0.2 -34.8 17 0.0 -31.6 0.1 -35.2 -35.3 13 19 -0.0 18 -48.0 -0.9 -0.0 -72.4 878.9 -58.7 12 -0.3 -35.2 0.6 -42.1 1.4 681.2 -30.5 -36.3 -54.8 -0.6 498.6 0.6 -32.6 1.5 246.0 106.0 7 0.4 8 -1.1 -0.7 1.7 138.8 88.2 11 -0.0 -171.5 -0.3 183.9 -0.4 29FA613065123Financecompanies 52.0 -0.8 -21.0 1.6 1.3 28FA673065123ABSissuers 576.2 -0.5 0.3 27FA473065125Creditunions -15.8 -86.7 -1.0 135.2 1.6 26FA753065203ForeignbankingofficesinU.S. 1.2 0.1 76.0 34.9 25FA763065125U.S.-chartereddepositoryinstitutions 3 -0.3 0.3 113.4 24FA893065125Homeequityloansincludedabove(3) -0.9 1.6 1.3 123.0 67.9 -0.2 2.0 4 -0.9 23FV893065153Charge-offs(2) -1.5 1.5 25.7 Memo: 37.3 1.1 -0.2 -1.2 -0.9 21.6 22FA643065105REITs -61.1 1.5 0.5 1.1 21FA613065105Financecompanies 54.4 1.3 20FA673065105ABSissuers 17.7 1.6 0.9 32.1 19FA413065105Agency-andGSE-backedmortgagepools 18.8 -0.4 18FA403065105Government-sponsoredenterprises 1.5 1.0 14.3 0.5 17FA223065143Stateandlocalgovt.retirementfunds 1.2 0.4 16FA573065103Privatepensionfunds 23.9 15FA543065105Lifeinsurancecompanies -0.5 21.0 14FA473065100Creditunions 0.2 13FA743065103BanksinU.S.-affiliatedareas 14.3 12FA753065103ForeignbankingofficesinU.S. 1.0 11FA763065105U.S.-chartereddepositoryinstitutions 26.4 10FA213065103Stateandlocalgovernments 9FA313065105Federalgovernment 8FA113065103Nonfinancialnoncorporatebusiness 7FA103065105Nonfinancialcorporatebusiness 6FA153065103Householdsector 5FA893065105Netchangeinassets 4FA113165105Nonfinancialnoncorporatebusiness 3FA103165105Nonfinancialcorporatebusiness 2FA153165105Householdsector 1FA893065105Netborrowing Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.218 One-to-four-familyResidentialMortgages(1) 6 F23643 tt n oa ot eieetfns16-. . 04-. . . 000016 17 0.0 13 102.9 18 2.3 58.0 19.2 -0.0 73.0 2.0 81.3 0.5 10.5 1.2 18.3 12 8 0.5 6.0 11.5 9 14.5 0.0 4.8 -0.0 49.9 -0.9 22.0 52.9 0.0 3.1 1.2 46.9 28.6 -0.4 55.4 0.0 0.8 1.2 38.3 44.4 0.2 31.2 2 0.0 38.1 2.6 1.2 27.9 8.2 25.8 -0.3 43.0 29.7 0.0 1.9 1.0 6.4 1.6 25.3 0.0 3.5 1.1 6.8 29.7 21FA643065405 REITs 3 0.0 20FA613065403Financecompanies 0.9 156.7 4.3 27.6 19FA673065405ABSissuers 122.2 0.0 1.0 7.3 18FA413065405Agency-andGSE-backed mortgagepools 130.1 17FA403065405Government-sponsored enterprises 0.0 0.4 82.0 9.3 16FA223065443Stateandlocalgovt. retirementfunds 15FA573065403Privatepensionfunds 138.4 6.5 14FA543065405Lifeinsurancecompanies 177.5 13FA753065403ForeignbankingofficesinU.S. 6.8 122.8 12FA763065403U.S.-chartereddepositoryinstitutions 129.8 6.5 11FA213065403Stateandlocalgovernments 123.2 10FA313065405Federalgovernment 9FA113065403Nonfinancialnoncorporatebusiness 8FA103065403Nonfinancialcorporatebusiness 7FA153065403Householdsector 6FA893065405Netchangeinassets 5FA123165403REITs 4FA313165403Federalgovernment 3FA113165405Nonfinancialnoncorporatebusiness 2FA103165405Nonfinancialcorporatebusiness 1FA893065405Netborrowing Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.219 MultifamilyResidentialMortgages heldbyU.S.-chartereddepositoryinstitutionsexcludecharge-offs. (3) Loansmadeunderhomeequitylinesofcreditandloanssecuredbyjuniorliens.Excludesheldindividuals.Home (2) Charge-offsareexcludedfromtransactions(line1)andaccountedforasotherchangesinvolume.Quarterlyfiguresshownatanunadjustedquarterlyrate.Databegin2007:Q1. (1) Mortgageson1-4familypropertiesincludingmortgagesfarmhouses. 0821 002019 2020 2019 2018 2. 0. 8. 6. 6. 9. 3. 2. 8. 5 583.9 628.0 2 338.7 559.1 1 393.3 607.8 583.9 266.5 321.9 628.0 360.3 373.2 338.7 486.0 252.7 393.3 307.8 335.9 266.5 321.6 465.5 360.3 293.3 486.0 294.2 307.8 321.6 2. 3. 3. 8. 4. 881831541016 170.1 125.4 138.3 88.8 1 170.1 149.3 125.4 184.6 138.3 130.7 88.8 135.5 125.2 149.3 184.6 130.7 135.5 125.2 981...... 23 1.6 2.3 2.1 2.7 3.7 3.6 8.7 14 12.1 15.7 44.0 19.8 53.8 70.8 56.2 38.4 45.2 41.7 41.8 192. . 802. 011. . 2014 -2.0 3.6 10.1 10.1 27.1 28.0 5.4 25.2 21.9 16-. 17-. 12-. 36-. . 29 28 1.4 -1.8 -3.0 -1.4 -3.6 -1.4 -1.4 -1.5 -1.2 1.6 -0.0 21 1.5 11.5 -1.7 -1.5 -14.0 -0.3 -14.9 1.5 16 -1.6 -15.6 -0.1 -0.0 -1.4 -0.1 0.2 -0.1 -8.2 -0.1 -1.7 -0.1 -8.1 -0.1 6 -3.5 -0.1 -3.5 -0.1 -3.5 -0.1 -3.5 -3.5 -3.5 -3.5 -3.5 -3.5 07-. 02-. 01-. 02-. 0220 -0.2 -0.3 -0.2 15 -0.2 -0.3 -0.1 -0.3 -0.2 -0.3 10 -0.2 -0.3 -0.3 -0.2 -0.3 -0.6 -0.7 -0.3 -0.2 5 -0.3 -0.9 5.1 -0.3 0.0 -3.3 -0.3 13.7 1.4 -0.5 2.5 -0.3 3.6 -0.3 -2.2 1.4 -1.1 -4.4 . . 72-. . 13-08-. 1. 27 -13.0 -3.8 -10.8 -1.3 2.3 22 -4.8 -1.4 20 16.2 -77.7 -7.2 -19.9 15 -45.7 4.4 3.5 -85.4 -44.7 0.6 -30.4 5.3 38.8 17.5 1.6 -61.6 -23.5 10 22.1 9 4.9 4.8 1.7 3.3 -32.3 8.9 7.0 1.9 -5.7 7.7 8.0 3.7 4.8 0.2 2.9 -6.9 1.0 3.1 7.4 0.1 2.4 6.3 0.8 2.1 1.2 -0.4 0.0 1.2 0.1 . . 37501. 1. 18323021 3.0 19 -3.6 3.2 -3.3 -1.8 1.0 -19.3 24.2 10.3 14.3 5.0 11 5.7 4.0 -3.7 4.6 5.6 7.4 7 0.0 2.5 6.3 1.4 0.0 0.5 -5.5 4 0.0 0.0 2.3 0.0 0.0 1.7 0.0 0.0 2.6 0.0 0.0 -0.4 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 65

Transactions Transactions 9 F43655 gny n S-akdmrgg ol ...... 19 0.0 18 0.0 0.0 -0.0 14 15 0.0 0.3 1.3 13 0.6 -4.3 0.0 -0.9 -0.4 0.5 -3.0 0.4 0.0 0.5 -1.0 -4.6 8 12 9 0.3 0.0 51.6 1.1 3.2 -0.0 -0.4 4.2 60.4 -0.2 0.0 1.0 8.0 0.9 0.3 -3.3 84.8 -1.3 0.0 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 1.0 -0.3 0.9 -0.3 9.2 F.221 FarmMortgages(1) 94.1 0.0 0.0 1.2 1.0 1.8 0.9 -1.9 102.9 -0.6 3 2.4 85.7 1.0 (1) Liabilityofthehouseholdsandnonprofitorganizationssector(tableF.101). 1.2 0.8 53.6 4 -0.5 17.3 72.7 22FA643065505REITs 2.7 34.7 1.0 3.9 0.9 21FA613065503Financecompanies 51.9 82.6 26.1 1.0 20FA673065505ABSissuers 0.7 62.5 58.1 19FA413065505Agency-andGSE-backedmortgagepools 55.8 1.0 0.8 137.2 18FA223065545Stateandlocalgovt.retirementfunds 0.6 17FA573065505Privatepensionfunds 91.3 0.8 0.3 63.9 16FA543065505Lifeinsurancecompanies 115.3 15FA513065505Property-casualtyinsurancecompanies 42.6 67.2 14FA743065505BanksinU.S.-affiliatedareas 13FA753065503ForeignbankingofficesinU.S. 34.5 89.2 12FA763065503U.S.-chartereddepositoryinstitutions 74.5 50.2 11FA213065503Stateandlocalgovernments 10FA313065505Federalgovernment 9FA113065503Nonfinancialnoncorporatebusiness 8FA103065503Nonfinancialcorporatebusiness 7FA153065505Householdsector 6FA893065505Netchangeinassets 5FA123165503REITs 4FA113165505Nonfinancialnoncorporatebusiness 3FA103165505Nonfinancialcorporatebusiness 2FA163165505Nonprofitorganizations(1) 1FA893065505Netborrowing Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.220 CommercialMortgages 66 3 F43665 oenetsosrdetrrss591. . 331. . . . . 13 7.3 12 0.0 14 7.1 10 -0.2 0.1 0.0 9 -0.3 8.3 4.4 -0.4 0.0 -0.1 7.1 4.4 -0.1 6 0.0 -0.2 13.9 0.0 0.1 4.3 -1.3 0.0 13.3 0.1 0.0 4.3 2 -0.0 0.0 7.5 3.9 0.1 3 0.0 5.1 -0.2 8.0 0.0 13.6 4.0 0.1 -0.1 5.1 -0.4 5.9 8.0 0.0 4.0 0.0 0.1 -0.2 4.4 7.9 0.0 4.0 0.1 0.1 5.1 7.9 6.4 0.1 4.4 14.9 (1) Excludesmortgagesonfarmhouses. 6.0 0.1 15.3 14FA413065605Agency-andGSE-backedmortgagepools 4.0 0.0 13FA403065605Government-sponsoredenterprises 7.9 12FA223065643Stateandlocalgovt.retirementfunds 5.8 15.3 11FA543065633Lifeinsurancecompanies 2.7 6.8 10FA753065603ForeignbankingofficesinU.S. 9FA763065633U.S.-chartereddepositoryinstitutions 8FA213065603Stateandlocalgovernments 7FA313065605Federalgovernment 6FA113065603Nonfinancialnoncorporatebusiness 5FA153065605Householdsector 4FA893065603Netchangeinassets 3FA233165605Nonfinancialnoncorporatebusiness 2FA183165605Nonfinancialcorporatebusiness 1FA893065603Netborrowing

Z.1, March11,2021 0821 002019 2020 2019 2018 2. 3. 1. 9. 1. 0. 781687. 6 73.7 106.8 87.8 203.2 1 73.7 113.8 106.8 193.0 87.8 117.9 136.1 203.2 123.0 113.8 193.0 117.9 136.1 123.0 1. . 09441. . 981. 615 -6.1 11.2 -9.8 1.2 12.5 4.4 -0.9 3.0 -11.4 11831. 57-681. 052. 2022 -2.0 27.8 20 10.1 10.5 18.6 12.4 16 -18.9 8.9 -26.8 52.3 15.7 7.1 17.6 12.2 0.2 61.3 8.3 28.0 15.5 11.1 13.1 17.4 22.2 12.2 11.1 17.6 32.3 02431312-. 0442-. . 21 1.8 -0.3 17 4.2 2.0 -0.4 1.9 -0.4 1.6 1.2 3.0 1.3 1.8 4.3 2.0 -0.2 2.1 1.7 -2.4 2409-. . . 08-. 04-. 5 -1.2 -0.4 -2.6 -0.8 1.5 0.8 -1.3 0.9 -2.4 . 01040305-. . . 0011 -0.0 10 2.9 0.3 7 -6.6 0.0 2.5 4.0 0.0 -1.1 4.8 0.0 0.5 2 -0.1 9.0 0.1 0.3 -4.6 9.0 0.1 0.4 1.3 9.0 0.1 -0.1 -0.1 9.0 0.1 0.0 2.8 9.4 0.1 9.4 0.0 9.0 9.4 9.7 ...... 11 0.0 0.0 8 7 0.0 0.1 1.4 0.0 0.1 1.3 0.8 0.4 1.6 0.8 -0.1 4 1.2 12.0 0.0 0.0 1.3 12.0 0.8 0.0 1 1.3 11.8 12.0 0.9 0.2 11.8 1.4 12.0 21.3 -0.0 1.0 11.8 21.3 0.0 11.8 0.8 11.9 21.3 21.1 21.3 9.5 11.9 21.1 9.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

A0060 Gvrmn-pnoe nepie ...... 9 0.0 0.0 0.0 5 0.0 3 0.0 4 7 -0.6 25.4 4.8 0.0 0.0 -0.9 -3.4 -10.4 0.0 0.0 -3.4 -15.6 -323.4 (5) Includesstudentloansbefore2006:Q1. 0.0 -31.2 -4.5 -6.3 financecompanies(partofline11).Databeginin2006:Q1. 0.0 (4) Includesstudentloansheldbynonprofitorganizations(line3),thefederalgovernment6),depositoryinstitutions(partoflines7and8), 78.6 0.0 -3.1 (3) Revolvingcreditthatalsoincludesoverdraftplansoncheckingaccountsandotherloanswithoutafixedrepaymentschedule. 19.2 0.0 loansthatthegovernmentpurchasedfromdepositoryinstitutions,financecompanies,andnonprofiteducationalindefault. 1 98.1 0.0 (2) IncludesloansoriginatedbytheDepartmentofEducationunderFederalDirectLoanProgramandPerkinsLoans,aswellFamily -4.4 -3.6 95.0 0.0 (1) StudentloansoriginatedundertheFederalFamilyEducationLoanProgram.Assetsofhouseholdsandnonprofitorganizationssector(tableF.101). -90.1 83.7 0.0 0.0 -2.4 89.0 15FA153166205Otherconsumercredit(5) 14FA153166220Studentloans(4) -234.1 -3.6 0.0 -0.7 13FA153166400Autoloans 62.5 41.2 12FA153166100Creditcardloans(3) -3.9 0.2 0.0 169.4 Memo: 198.4 11FA613066005Financecompanies -3.5 10FA673066000ABSissuers 9FA403066005Government-sponsoredenterprises 181.9 8FA473066000Creditunions 181.6 7FA763066000U.S.-chartereddepositoryinstitutions 6FA313066220Federalgovernment(2) 5FA113066003Nonfinancialnoncorporatebusiness 4FA103066005Nonfinancialcorporatebusiness 3FA163066223Nonprofitorganizations(1) 2FA153166000Netchangeinassets 1FA153166000Netchangeinliabilities(Households) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.222 ConsumerCredit 0821 002019 2020 2019 2018 8. 8. 351841944. 2418. 502 95.0 83.7 -234.1 41.2 169.4 198.4 -3.5 181.9 181.6 1. 24-. 4623-. 18-. . 10 2.2 -3.2 -1.8 -2.2 2.3 -4.6 -1.2 -2.4 -11.9 862. 001. 634. 3. 044. 15 14 42.8 56.6 13 29.9 20.4 51.6 51.4 -30.0 12 81.7 -34.4 47.1 47.0 -39.7 53.9 25.2 26.3 8 -332.8 68.0 16.7 -84.9 38.4 15.3 84.6 4.1 6 36.7 52.5 20.0 40.7 61.0 45.9 9.0 38.4 22.6 52.2 75.8 -123.0 44.4 28.6 21.0 78.4 39.1 81.6 34.2 5.4 83.7 37.2 64.8 21.2 87.9 12.7 63.7 13.2 83.0 50.8 90.7 69341. . . 1. 284. . 11 5.9 45.2 22.8 -19.3 2.2 3.8 13.7 3.4 -6.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 67

Transactions Transactions 2 F73613 oeg akn fie nUS ...... 22 0.0 26 -18.0 27 0.0 -18.8 21 -24.7 -1.3 206.4 19 23 0.0 19.7 -3.4 -25.0 2.3 -337.6 17 -26.2 -48.1 0.0 140.8 -3.4 4.0 1.4 -62.1 -161.1 3.9 -3.4 0.0 4.0 50.2 4.6 -5.8 -14.4 -3.4 0.0 -2.3 4.0 -16.9 1.5 -17.8 -3.4 -51.6 25.4 0.0 -5.1 4.0 -2.7 -3.4 -82.3 -29.8 33FA263064105Restoftheworld(3) 0.0 -21.6 4.3 1.7 -1.8 -3.4 32FA503064105Otherfinancialbusiness 0.0 4.0 31FA663064103Brokersanddealers 0.8 20.1 -3.4 10 -4.1 30FA563064100Exchange-tradedfunds 4.0 2.5 -3.4 29FA553064103Closed-endfunds 6 -10.2 28FA653064100Mutualfunds -3.5 4.0 -38.2 4 27FA223064145Stateandlocalgovt.retirementfunds 9.1 -8.3 26FA343064105Federalgovernmentretirementfunds 27.6 -38.2 5 25FA573064105Privatepensionfunds -5.8 1.6 24FA543064105Lifeinsurancecompanies 4.9 -4.4 23FA513064105Property-casualtyinsurancecompanies 3 -1.2 -22.5 -5.5 644.1 3.0 22FA753064103ForeignbankingofficesinU.S. 21FA763064105U.S.-chartereddepositoryinstitutions 2.4 -10.7 465.4 -6.2 20FA713064103Monetaryauthority -9.5 627.3 -17.1 -14.1 2 -4.2 19FA213064103Stateandlocalgovernments 3.9 280.8 -8.2 -340.1 18FA313064105Federalgovernment -14.5 4.5 173.5 32.4 6.9 -17.0 17FA103064103Nonfinancialcorporatebusiness -7.2 205.1 16FA153064105Householdsector -74.4 -11.9 1.9 -4.7 504.4 -384.0 15FA893064105Netpurchases 209.7 -494.9 -7.9 1.4 14FA263164100Restoftheworld(2) 198.5 -448.2 -9.7 13FA503164105Otherfinancialbusiness -191.5 -5.2 12FA733164103Holdingcompanies -452.7 11FA663164103Brokersanddealers -548.3 10FA403164105Government-sponsoredenterprises 9FA643164103REITs 8FA564090005Exchange-tradedfunds 7FA554090005Closed-endfunds 6FA543164173Lifeinsurancecompanies 5FA513164103Property-casualtyinsurancecompanies 4FA763164103U.S.-chartereddepositoryinstitutions 3FA793164105Domesticfinancialsectors 2FA103164103Nonfinancialcorporatebusiness 1FA893064105Netissues Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.223 CorporateEquities(1) 68 A1040 Poet-aulyisrnecmais-. . . . 58121658568 11 5.6 -32.8 5.8 -135.7 6 4 66.3 -0.1 5.0 1.6 -36.7 -0.2 5.0 1.2 -155.0 -2.9 321.9 5.0 -5.8 0.1 -34.7 5.0 2.7 0.8 -1.9 5.0 3.6 -2.7 -0.2 5.0 0.1 -0.8 5.0 -1.1 -2.1 (1) Sharesofopen-endinvestmentcompanies; excludes sharesofmoneymarketfundsandexchange-tradedfunds. 5.0 -5.9 12FA263064203Restoftheworld -9.8 11FA223064205Stateandlocalgovt. retirementfunds 10FA573064205Privatepensionfunds 9FA543064205Lifeinsurancecompanies 8FA513064205Property-casualtyinsurancecompanies 7FA473064205Creditunions 6FA763064203U.S.-chartereddepositoryinstitutions 5FA213064203Stateandlocalgovernments 4FA103064203Nonfinancialcorporatebusiness 3FA153064205Householdsector 2FA653164205Netpurchases 1FA653164205Netissues Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.224 MutualFundShares(1) (3) NetpurchasesofU.S.issuesbyforeignresidents. (2) NetpurchasesofforeigncorporateequitiesandinvestmentfundsharesbyU.S.residents;includesAmericanDepositaryReceipts(ADRs). (1) Includessharesofexchange-tradedfunds,closed-endandrealestateinvestmenttrusts.ExcludesmutualfundshownontableL.224.

Z.1, March11,2021 0821 002019 2020 2019 2018 106-1. 415-0. 218-6. 307-6. 56528 -566.5 -667.2 -330.7 -361.8 -251.8 -202.4 -481.5 -219.4 -120.6 16 -157.5 686.4 15 345.3 382.3 879.1 -67.5 12 162.8 22.2 83.0 970.3 6.9 -205.6 -569.0 210.9 -451.7 37.5 -90.9 589.4 -139.4 -115.6 -434.4 -184.2 -178.5 -164.2 -18.2 -149.8 -111.3 1 345.3 879.1 162.8 970.3 -569.0 -451.7 589.4 -434.4 -178.5 1. 254675-6. 27785739060295133 955.1 620.2 349.0 30 381.4 865.7 172.9 -237.7 180.8 -163.7 282.0 697.5 185.7 -205.4 110.9 166.1 254.3 165.9 210.4 14 41.3 381.3 -390.1 1073.5 8 -247.6 561.3 -208.7 454.2 276.5 616.7 -191.3 371.4 171.3 336.8 349.6 500.9 322.6 311.0 1. 2. . 2. 9. 431. 77-2131 -82.1 37.7 18.2 54.3 24 -2.0 -94.9 25 -23.2 -121.2 -30.3 -101.6 7.0 -13.0 -77.9 -7.0 -22.8 104.8 -19.9 -6.7 -79.5 -89.8 7.8 -49.0 -13.1 -8.6 1.3 -80.0 -44.4 8. 8. 9. 9. 8. 136-11-76-449 -84.4 -97.6 -61.1 -153.6 -88.5 -90.8 -99.2 2 -86.7 138.8 1 106.2 -87.1 138.8 61.4 106.2 61.4 -1223.8 350.4 -1223.8 114.5 350.4 -229.3 114.5 208.0 -229.3 -63.4 208.0 -63.4 153. 193. 962. 671. 779 17.7 18.6 26.7 24.6 29.6 33.7 21.9 36.7 21.5 87-30-. 2. 7. 6. 121-. 6. 12 -65.1 -8.1 -112.1 167.5 -74.8 -27.8 -4.5 -53.0 3 28.7 433.5 457.8 258.9 -1070.3 745.8 13.8 20.0 384.4 21.9 042619-. . . . . 0229 -0.2 0.0 0.0 7.7 4.7 -0.0 1.9 2.6 -0.4 11 51.9 0.7 -21.7 31.5 12.5 2.6 15.6 22.1 -2.3 89-21-2. 111-52-3. 9. 122-2. 10 -125.5 -122.2 -95.7 -139.9 -75.2 -111.1 -120.8 -42.1 -8.9 ...... 19260632 0.6 2.6 31.9 0.0 0.0 0.0 20 8.8 0.0 18 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7 0.0 0.0 -4.6 0.0 0.0 -0.2 4.0 0.0 -0.7 11.3 0.0 4.6 0.0 6.4 0.0 1.5 5.9 1.9 . . . 01-. . . . . 7 1.3 5 1.2 0.3 1.2 0.2 1.2 1.8 1.2 -0.4 -0.1 1.2 0.9 1.2 0.3 1.2 0.4 1.2 1.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F23703 tt n oa oenet 2888831. . 1. 2. 421. 16 11.9 17 7.3 54.2 3.7 -22.4 14 20.8 -10.4 42.3 5.6 28.1 62.6 13 198.1 -3.6 14.3 54.0 729.3 -9.5 8.3 43.4 -790.8 11 7 332.7 -291.5 15.0 51.3 4.3 8.8 860.7 54.9 6 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 6.6 54.4 50.3 -693.8 9.6 22.8 -29.2 F.226 LifeInsuranceReserves -98.7 50.6 49.1 17.8 -38.7 6.1 125.4 49.4 47.9 84.5 4 (1) Includedinthehouseholdsandnonprofitorganizationssector(tableF.101). 59.9 2.2 44.8 49.6 50.3 396.3 21FA903070005Discrepancy 3 100.2 102.6 4.6 197.7 50.0 181.3 20FA263070005Restoftheworld -170.2 690.6 19FA673070003ABSissuers 537.8 1.3 49.5 18FA543070005Lifeinsurancecompanies 3.0 1 -515.2 17FA513070005Property-casualtyinsurancecompanies 394.1 49.4 -188.4 5.5 41.6 16FA213070003Stateandlocalgovernments 923.8 70.5 49.4 15FA313070000Federalgovernment 2.6 60.4 -674.8 17.4 48.1 14FA113070003Nonfinancialnoncorporatebusiness -40.5 -4.9 13FA103070005Nonfinancialcorporatebusiness 8.4 46.2 204.1 44.6 12FA163070005Nonprofitorganizations(1) 80.9 199.4 5.4 11FA893070005Netchangeintradereceivables 150.6 320.7 10FA263170005Restoftheworld 217.5 455.8 9FA663170003Brokersanddealers 8FA543170005Lifeinsurancecompanies 7FA513170005Property-casualtyinsurancecompanies 6FA213170003Stateandlocalgovernments 5FA313170005Federalgovernment 4FA113170005Nonfinancialnoncorporatebusiness 3FA103170005Nonfinancialcorporatebusiness 2FA163170005Nonprofitorganizations(1) 1FA893170005Netchangeintradepayables Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.225 TradeCredit A6000 US-hree eoioyisiuin ...... 7 8.2 7.1 5.3 3.6 7.3 5.8 6.1 6.7 3.9 10FA543141905Restoftheworld 9FA733040005Holdingcompanies 8FA543040005Lifeinsurancecompanies 7FA763040005U.S.-chartereddepositoryinstitutions 6FA153040005Householdsector 5FA893140005Netchangeinassets 4FA263140005Restoftheworld 3FA543140005Lifeinsurancecompanies 2FA313140003Federalgovernment 1FA893140005Netchangeinliabilities 0821 002019 2020 2019 2018 8. 625. 3. 875. 906. 1421 61.4 63.0 19.0 58.1 78.7 139.5 50.4 36.2 9 -82.0 7.3 -4.3 -9.3 17.4 1.2 1.8 2.8 -1.0 -27.8 3. . . 26282. 581. 228 12.2 10.4 4 -5.8 3.3 20.5 2.8 2.8 -1.6 12.6 5.5 9.3 0.7 6.7 3.3 -36.2 2.5 1.8 -31.6 341. 70901. 582. 672. 20 20.8 16.7 24.7 15 24.9 45.8 0.5 16.1 25.7 9.0 1.3 27.0 -6.5 18.6 -4.5 8 33.4 19.3 13.1 -0.5 -1.4 5 2.1 26.7 10.4 67.7 90.0 -43.6 -6.1 -12.7 30.5 38.1 27.7 9.6 13.4 9.5 15.2 17.5 74.0 941. 615. 1. 92-924. 756 47.5 5 72.5 47.0 68.9 3 -49.2 69.2 -46.0 99.2 1 64.8 128.2 72.5 -13.4 -44.4 0.8 57.2 68.9 123.3 80.1 36.1 -46.0 -0.2 128.2 55.9 16.7 75.1 0.8 34.4 49.4 53.2 80.1 11.9 31.7 55.9 43.3 34.4 11.9 07651. 94-. 71-. 311. 18 11.0 -3.1 -7.8 67.1 -8.3 19.4 16.8 6.5 -0.7 930304050109-. . . 10 0.5 0.4 -0.2 0.9 0.1 0.5 0.4 0.3 -9.3 . . . 168395-. 1. . 19 8.5 -11.3 -5.9 9.5 12 7.9 8.3 7.9 -1.6 0.2 7.9 10 35.7 0.6 7.9 0.8 1.4 7.6 -0.7 7.6 -10.6 -3.8 2 7.9 8.2 20.8 7.6 8.2 6.3 6.7 8.2 2.0 8.2 2.7 8.1 8.1 8.2 8.1 9.1 ...... 9 4.0 4.0 4.0 4.0 2 0.0 4.0 1.4 4.0 -0.0 4.0 -0.6 4.0 0.3 4.0 1.6 0.2 0.9 0.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 69

Transactions Transactions 7 F13355 te efdrce cons332115N 7. 8. 8. 147-. D17 ND -6.8 -134.7 -82.6 12 -82.3 ND 471.4 11 -42.5 ND ND 141.9 74.5 141.5 190.6 373.2 226.2 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates 155.8 F.228 TaxesPayablebyBusinesses -57.3 -108.0 2 319.3 ND 3.2 4 461.6 inthelifeinsurancesector(line14)andexcludedfrommoneymarketfundmutualsectors(lines1516). 93.2 5 -13.7 (5) Assetofthehouseholdandnonprofitorganizationssector(tableF.101).Figuresfordepositories(lines1213)includeKeoghaccounts.VariableannuitiesinIRAsareincluded ND 26.8 244.6 (4) Excludesallindividualretirementaccounts(IRAs),exceptthoseatlifeinsurancecompanies. 21.0 102.0 (3) IncludestheThriftSavingsPlan,NationalRailroadRetirementInvestmentTrust,andotherfederalgovernmentretirementfunds. 250.7 -139.0 290.4 88.2 (2) Includesunallocatedinsurancecompanycontractsbeginning1985:Q4. 256.0 205.7 (1) Annuities,includingthoseinIRAs. 412.6 86.7 206.5 -46.7 17FA153131575Otherself-directedaccounts 252.8 87.6 16FA653131573Mutualfunds 90.4 15FA633131573Moneymarketfunds 228.6 92.3 14FA543131503Lifeinsurancecompanies 24.2 13FA473131573Creditunions 239.5 92.5 12FA763131573U.S.-chartereddepositoryinstitutions 11.8 246.8 11FA893131573IndividualRetirementAccounts(IRAs):(5) 88.5 43.6 194.5 Memo: 83.9 10FA543151905Restoftheworld 9FA543050005Lifeinsurancecompanies 8FA153050005Households(4) 7FA893150005Netchangeinassets 6FA263150005Restoftheworld 5FA224190005Stateandlocalgovt.retirementfunds 4FA344090005Federalgovernmentretirementfunds(3) 3FA574190005Privatepensionfunds(2) 2FA543150005Lifeinsurancecompanies(1) 1FA893150005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.227 PensionEntitlements 70 A1000 Nniaca ocroaebsns 4. . 8720599. 01-02-762 1 -47.6 -34.6 -20.2 -25.6 90.1 104.7 92.4 97.8 5.9 17.4 11 2.0 2.5 10.8 35.5 28.7 -67.4 68.0 12.5 7.2 21.9 -32.4 -41.9 11.3 9 11.6 -20.3 5 -398.2 -2.2 6.3 4 372.3 3 1.3 -14.5 -0.3 8.8 -29.9 3FA662090003Brokersanddealers 1.1 9.7 2 34.8 -69.8 2FA112090205Nonfinancialnoncorporatebusiness 18.6 23.3 1 10.6 9.8 70.6 -46.6 1FA152090205Totalhouseholdinvestment 7.3 -171.1 3.9 -19.0 24.5 146.5 -67.0 -267.2 Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates -12.1 44.6 9.1 20.5 -3.6 241.9 F.229 Proprietors’EquityinNoncorporateBusiness 34.5 -9.4 40.8 28.5 -1.3 9.6 30.1 -11.5 22.5 -0.3 6.3 12FA903078005Discrepancy 14.5 10.8 73.4 -0.7 8.8 11FA213078005Stateandlocalgovernments 5.4 -15.3 2.6 10FA313078000Federalgovernment 18.5 -10.6 9FA893078005Netchangeinbusinesstaxesreceivable 6.4 8FA663178005Brokersanddealers 7.2 7FA613178005Financecompanies 6FA543178075Lifeinsurancecompanies 5FA513178005Property-casualtyinsurancecompanies 4FA763178003U.S.-chartereddepositoryinstitutions 3FA113178003Nonfinancialnoncorporatebusiness 2FA103178005Nonfinancialcorporatebusiness businesses 1FA893178005Netchangeintaxespayablebyall

Z.1, March11,2021 0821 002019 2020 2019 2018 0. . 101. . 48-. . . 9 7.0 7.8 8 -5.5 376.6 7 34.8 393.1 384.2 4.7 258.4 401.6 544.2 252.5 12.2 339.5 581.9 11.0 470.5 344.6 1 7.7 393.1 384.2 483.6 419.4 401.6 405.0 100.1 286.0 252.5 427.8 581.9 397.2 344.6 483.6 405.0 427.8 397.2 2. 852. 2. 1. 84-3. 3. 7512 27.5 131.0 -130.3 58.4 -12.3 120.0 21.6 18.5 -27.3 504. D8. 602004. 20N 15 ND 52.0 10 40.0 0.6 220.0 0.6 56.0 -0.4 84.0 6 2.8 ND 2.8 3.2 49.0 0.4 3 -2.2 25.0 40.4 1.0 14.1 18.8 0.9 1.9 49.5 0.6 4.9 68.8 11.0 49.0 4.5 67.3 3.1 44.4 58.7 77.6 16.5 59-09-53-822. 5. 0. 308-2810 -22.8 -330.8 304.3 -51.8 23.5 -58.2 -25.3 -20.9 15.9 0235N . . . . . D13 ND 16 14 ND ND 3.5 24.1 44.2 3.2 122.9 52.8 3.9 -333.1 -56.2 164.5 1.9 23.4 -13.6 23.6 ND 4.2 ND 80.2 ND 30.0 -6.0 3.5 -0.4 -0.2 30-. 09-. . . . 25-. 7 -1.8 6 -2.5 -12.5 0.6 -14.3 4.9 0.3 10.1 1.4 3.6 -1.7 -0.8 -0.9 -2.9 -0.4 0.4 -3.0 -2.9 . . . . 15531. 551. 3 13.0 -5.5 14.6 5.3 11.5 8.8 6.9 5.2 8 9.5 -0.5 -4.6 8.5 5.3 -6.6 -1.1 2.2 -1.4 0.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 F23933 ..aflae’laiiis(ie3)-69-. 6117243. 065. 2641 42.6 40 -12.1 55.3 75.9 10.6 36 33.5 -131.0 35 35.8 -7.1 -5.9 29.6 2.4 25.6 31.0 -90.5 1.7 -65.8 98.1 44.6 37 301.4 -143.4 36.1 -18.3 7.5 282.1 8.1 29 69.7 9.1 -8.3 30 31 -2.6 10.3 42.6 33.5 -91.6 32 -5.8 -76.9 25.7 42.4 34.7 208.8 55.3 29.6 -47.7 23 -20.4 27 226.0 284.3 -0.1 0.0 15.0 10.6 31.0 73.9 312.5 -8.8 169.0 28 23.9 42.9 35.8 44.6 108.9 0.0 20.8 197.4 -36.3 24 -5.1 280.0 36.7 2.4 7.5 351.6 20.8 236.7 0.0 176.6 -8.6 68.7 261.5 102.3 19 20.8 1.7 10.3 97.4 -8.6 26 0.0 41FA263092323U.S.affiliates’liabilities(line32) 1.4 197.0 114.9 128.6 17 40FA263092313U.S.parents’liabilities(line8) 20.8 3.2 34.7 36.1 170.0 -10.4 39FA263092345Intercompanydebt 42.1 18 188.5 141.3 0.0 -8.3 2.2 38FA263092101Equity(line27) 20.7 309.0 -0.1 4.6 -8.3 -151.3 4.5 72.1 37FA263092035NetU.S.incurrenceofdirectinvestmentliabilities 16 81.2 0.0 1.6 -100.8 204.0 20.7 1.3 23.9 -76.9 147.3 36FA263192323U.S.affiliates’claims(line33) -2.3 110.2 0.1 181.0 35FA263192313U.S.parents’claims(line7) 0.0 20.8 -2.0 145.2 185.5 -0.9 34FA263192345Intercompanydebt 282.1 11.5 12 -2.4 33FA263192101Equity(line2) 15 20.6 71.3 3.3 -7.0 0.0 32FA263192035NetU.S.acquisitionofdirectinvestmentassets 243.4 281.4 4.0 14.5 4.5 20.0 107.6 171.2 -5.5 Directinvestment,asset/liabilitypresentation: 0.2 0.0 -4.2 -9.1 143.0 85.1 -2.5 -4.4 Memo: 11 -1.5 10.9 9.0 26.4 199.1 10 157.3 7 1.4 -11.1 31FA263192323Less:U.S.affiliates’claims 3.7 -2.0 -7.1 8.3 18.6 276.6 30FA263092323U.S.affiliates’liabilities 1.7 -13.6 6 9 8 29FA263092303Intercompanydebt 1.7 173.1 -8.2 5.0 64.1 -12.1 0.8 25.6 21.9 4 28FA263092193Ofwhich:Current-costadjustment 11.0 0.4 27FA263092125Reinvestedearnings 1.0 173.7 75.9 7.1 183.5 -0.9 -65.8 20.7 26FA263092113Equity(otherthanreinvestedearnings) -50.2 -0.3 3.1 5 253.6 25FA263092101Equity 8.6 1 275.8 235.2 -131.0 -143.4 25.0 3.3 65.2 24FA263092001Asset:Restoftheworld(1) -3.3 21.0 21.0 184.5 20.5 -5.9 8.1 -130.4 98.8 3 25.1 23FA503192003Otherfinancialbusiness -137.5 -2.8 178.7 287.1 -0.3 24.0 22FA733192003Holdingcompanies 15.0 -90.5 5.2 98.5 -91.6 21FA663192005Brokersanddealers 25.2 269.0 -61.1 -11.0 21.9 -2.7 20FA613192003Financecompanies 98.1 -6.3 -47.7 -189.7 -75.0 226.2 98.2 19FA543192073Lifeinsurancecompanies 25.2 3.6 -29.4 18FA513192003Property-casualtyinsurancecompanies -18.3 15.0 9.6 105.0 171.5 319.7 77.5 17FA753192003ForeignbankingofficesinU.S. 25.5 -54.6 69.7 57.3 16FA115114005Nonfinancialnoncorporatebusiness 85.1 -6.2 42.9 9.3 1.4 15FA103192005Liab.:Nonfinancialcorporatebusiness -157.6 25.4 48.8 -5.8 -5.0 156.1 98.4 ForeigndirectinvestmentinU.S.: 25.1 -290.1 12.1 118.9 14FA663092003Brokersanddealers 25.3 -169.4 13FA613092003Financecompanies 42.7 12FA543092073Lifeinsurancecompanies 25.1 11FA513092003Property-casualtyinsurancecompanies 17.4 10FA763092000U.S.-chartereddepositoryinstitutions 9FA103092005Asset:Nonfinancialcorporatebusiness 72.0 8FA263092313Less:U.S.parents’liabilities 7FA263192313U.S.parents’claims 6FA263192305Intercompanydebt(2) 5FA263192193Ofwhich:Current-costadjustment 4FA263192125Reinvestedearnings 3FA263192113Equity(otherthanreinvestedearnings) 2FA263192101Equity 1FA263192005Liab.:Restoftheworld(1) U.S.directinvestmentabroad: Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.230 DirectInvestment (2) Through1992:Q4,U.S.directinvestmentabroadexcludesnetinflowsfromcorporatebondsissued byNetherlandsAntilleanfinancialsubsidiaries. (1) Directinvestmentispresentedonadirectionalbasis. 0821 002019 2020 2019 2018 2811351781352126. 0. 2. 6033 16.0 229.0 203.8 62.5 221.2 183.5 127.8 173.5 -218.1 2 16.0 229.0 203.8 62.5 221.2 183.5 127.8 173.5 -218.1 4. 9. 7. 1. 1. 7. 1. 5. 7. 38 270.9 151.0 117.8 178.9 314.1 212.6 179.6 290.3 344.3 25 270.9 151.0 117.8 178.9 314.1 212.6 179.6 290.3 344.3 8. 131. 98-812. 1041123. 39 30.5 131.2 -120.4 29.9 -88.1 99.8 17.8 61.3 -82.8 681. 1. 8. 55-87-485. 6434 26.4 55.3 -34.8 -98.7 15.5 -81.2 -12.9 14.9 66.8 22 14.0 -38.3 -113.3 169.2 24.7 -37.8 7.9 -20.4 12.4 713. 174. 1. 1541854. 1. 21 -14.2 44.4 118.5 -155.4 -11.5 14 13 42.8 -37.2 -14.2 -8.1 -1.7 3.9 -14.2 30.7 -21.1 18.1 -7.1 9.9 29.1 -12.1 4.5 27.7 -10.4 -5.4 18.6 12.5 -2.9 -8.6 . . . . 38-. . . . 20 0.4 6.0 0.1 -0.7 13.8 6.8 1.4 5.3 8.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 71

Transactions Transactions 0 F43905 oenetsosrdetrrss-573. 257. 3. 137. 581. 40 13.4 65.8 79.5 91.3 35 -32.1 26.0 36 353.8 79.4 30 5.5 0.5 32 260.0 62.5 -40.2 670.4 -68.4 4.8 47.0 29 32.1 -16.8 117.8 -47.8 -10.1 48FA903090005Discrepancy -8.9 -15.7 738.0 25 -21.2 -0.7 13.5 -16.6 47FA263076005Restoftheworld -41.3 216.9 -75.9 28 -403.6 -226.0 10.9 -18.8 46FA503094505Otherfinancialbusiness 350.5 -40.9 105.1 -21.2 360.4 45FA733090005Holdingcompanies 6.9 -1.7 404.4 38.0 -24.9 44FA663090005Brokersanddealers -35.0 65.6 221.8 -36.2 -8.2 -5.3 53.7 43FA643090005REITs -51.9 421.1 42FA613090005Financecompanies 24 23 -2.2 -182.4 5.5 41FA673090543ABSissuers -63.8 -11.5 -217.2 -370.2 40FA403093005Government-sponsoredenterprises 439.4 29.0 1533.1 3.4 -67.1 1.4 26.4 218.0 437.6 39FA563093003Exchange-tradedfunds 155.3 3.6 38FA653093005Mutualfunds -20.4 413.0 168.3 37FA633093005Moneymarketfunds 20.4 743.6 -69.9 209.3 36FA223090005Stateandlocalgovt.retirementfunds -59.0 609.0 14 18.3 221.7 35FA343073045Federalgovernmentretirementfunds 20.9 34FA573090005Privatepensionfunds 448.5 215.7 10 51.7 323.2 33FA543090005Lifeinsurancecompanies -3.6 202.2 32FA513090005Property-casualtyinsurancecompanies -72.5 583.3 192.4 2.3 31FA473090005Creditunions 21.4 12 30FA743093005BanksinU.S.-affiliatedareas 111.3 1.8 29FA753093005ForeignbankingofficesinU.S. -2.2 9 28FA763090005U.S.-chartereddepositoryinstitutions 226.4 27FA713090005Monetaryauthority -102.2 0.4 71.0 192.1 -76.6 26FA313090005Federalgovernment 13.1 5.3 -1.0 6 8 25FA213093003Stateandlocalgovernments -79.8 307.3 244.4 74.4 0.0 4 24FA113090005Nonfinancialnoncorporatebusiness 185.1 2.4 282.1 -207.1 23FA103090005Nonfinancialcorporatebusiness -2.7 74.6 -98.5 22FA153090005Householdsector 177.4 268.2 0.2 1.4 3 80.0 -37.7 135.7 118.1 15.4 201.7 21FA893090005Netchangeinassets -0.3 -18.4 81.4 97.1 146.4 258.6 20FA263190005Restoftheworld 328.9 -145.3 -0.9 -31.7 274.1 41.4 110.1 32.6 19FA503190005Otherfinancialbusiness 83.2 27.0 264.8 18FA733193005Holdingcompanies 84.7 297.9 17FA663190005Brokersanddealers 150.2 245.6 89.9 1572.5 16FA643193005REITs -38.5 224.9 527.0 15FA613190005Financecompanies 71.1 14FA403190005Government-sponsoredenterprises 168.7 81.7 945.6 13FA543190005Lifeinsurancecompanies 12FA513190005Property-casualtyinsurancecompanies 93.6 739.1 11FA473193005Creditunions 10FA743193005BanksinU.S.-affiliatedareas 9FA753190005ForeignbankingofficesinU.S. 8FA763190005U.S.-chartereddepositoryinstitutions 7FA713190005Monetaryauthority 6FA223073045Stateandlocalgovernments 5FA313190005Federalgovernment 4FA113193003Nonfinancialnoncorporatebusiness 3FA103190005Nonfinancialcorporatebusiness 2FA543077073Householdsector 1FA893190005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.231 TotalMiscellaneousFinancialClaims 72

Z.1, March11,2021 0821 002019 2020 2019 2018 1228. 4. . 28283-14-2. 9238 -9.2 -422.1 -31.4 288.3 92.8 5.8 -43.6 83.4 -112.2 9. 22127. 3. 37947. 37818. 4. 21 -49.1 1585.6 2377.8 4377.1 1357.9 834.6 2072.8 1292.1 990.6 1 894.3 1138.3 1048.3 2792.3 1766.2 476.9 1468.3 1465.6 945.3 4. 7. 645-5. 0. 18. 12. 47393548 943.5 45 -447.3 331.3 44 344.7 -1329.5 8.0 -1584.7 -21.8 408.3 374.3 56.9 -357.7 235.9 -604.5 419.8 -64.4 173.5 -169.2 -108.2 -45.3 16.4 237.4 199.9 95.6 73.3 -26.7 -59.8 27 -17.1 -811.4 -498.7 1427.3 16.6 -7.5 25.0 -2.2 18 17 224.2 195.1 -10.8 99.1 -7.8 15 -76.2 123.8 35.1 -39.4 -268.4 -259.1 -84.0 11.8 -151.5 -61.7 -19.8 72.6 44.7 -9.2 -149.0 -28.8 -38.3 4.0 -93.2 -7.8 -19.4 5 -19.3 -67.8 -62.6 903.4 557.7 -48.2 35.9 -431.3 336.3 -16.7 -36.4 103. 1. 386. 2932853. 7. 46 -76.2 43 34.3 42 40.0 -6.5 288.5 -10.2 -47.7 -289.3 -36.0 17.5 69.3 56.5 60.6 93.8 16.8 -22.7 -10.7 2.8 34 1.1 38.7 71.0 12.6 81.0 6.0 82.0 2.6 33 -91.3 71.0 -2.9 21.0 -64.9 34.6 26.1 -122.8 39.5 426.7 26 4.8 78.1 -50.4 8.4 92.0 64.6 36.9 36.7 460.4 22 0.4 11.9 18.7 36.9 2.1 129.1 48.5 67.9 5.8 20 20.0 -99.2 121.4 19 16 90.2 77.2 -856.0 17.5 7.0 -440.7 169.7 28.2 26.1 1379.4 15.0 185.9 54.3 -104.1 9.6 630.1 19.7 41.8 39.4 -3.3 -4.1 52.1 -95.3 9.7 5.9 269.0 28.5 18.7 -29.4 12.5 33.4 -7.2 16.1 001255-93-. 0767-994611 13 4.6 -95.8 30.8 -19.9 90.2 6.7 407.0 30.7 -21.8 -2.4 151.1 -19.3 108.0 79.6 5.5 -3.2 1.2 -0.0 ...... 47 3.3 7.4 4.7 1.7 41 3.5 13.2 21.7 1.0 39 -22.2 17.7 4.3 55.9 23.4 37 2.0 94.9 -282.5 8.2 -76.1 9.1 46.2 4.2 235.2 -5.1 123.3 19.0 31 37.3 38.5 75.4 6.2 43.7 139.1 -12.5 3.1 -0.0 8.4 71.6 2.4 29.2 1.7 12.6 1.4 8.7 40.9 5.7 7.4 7 119.3 146.2 2 -145.0 -8.4 -106.4 -1.7 159.6 86.2 -3.8 3.5 10.2 -0.5 -0.1 3.5 2.0 -0.9 1.5 1.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 F53925 te iaca uies0000125000000400000031 0.0 0.0 27 450.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 112.5 26 -76.2 0.0 0.0 34.3 24 0.0 0.0 -36.3 288.5 23 0.0 -41.7 -289.3 8.2 69.3 -43.7 0.0 -15.9 11.4 93.8 -14.0 0.0 3.2 -10.7 17 -5.0 0.0 38.7 -14.5 1.5 0.0 81.0 32FA313094205Asset:Federalgovernment -27.6 31FA503194205Otherfinancialbusiness -2.1 16 0.0 -3.5 30FA313094213Liab.:Monetaryauthority -0.2 -6.7 EquityinvestmentinFederalReservefacilities: 43.4 -23.7 4.4 10 12 -0.1 15 -0.6 0.1 1.3 29FA313094303Federalgovernment 14 183.1 -0.0 28FA153094305Asset:Households(1) -19.3 0.2 2.5 27FA503194305Liab.:Otherfinancialbusiness 63.9 1.0 1.2 -0.6 -0.3 EquityinvestmentunderPublic-PrivateInv.Program: -1.5 7 502.4 -5.9 3.9 11 0.7 -0.6 0.0 -0.2 61.0 26FA503094505Asset:Otherfinancialbusiness 1.4 25FA663194505Brokersanddealers 1.1 3.2 -0.6 -1.0 0.7 1.5 117.7 24FA753194503Liab.:ForeignbankingofficesinU.S. 5 0.4 9 -11.0 -41.1 -3.9 0.0 -4.3 0.7 Otherfinancialbusinesses’investmentinaffiliates: -5.6 0.7 0.3 6 -0.1 202.6 4 0.8 -9.0 0.4 23FA103094105Asset:Nonfinancialcorporatebusiness 0.0 -12.2 1.2 -0.5 0.5 -0.1 103.0 22FA103094105Liab.:Financecompanies 0.0 -37.9 -35.4 1.2 -0.0 -0.5 4.8 2.4 -0.0 NFCinvestmentinfinancecompanyaffiliates: 1.5 0.0 -0.0 22.1 25.9 -0.3 -0.0 0.7 21FA733094705Asset:Holdingcompanies 0.6 0.2 0.0 -4.0 -0.1 -2.6 20FA263194735Restoftheworld 0.3 -0.0 19FA663194735Brokersanddealers 0.2 0.5 1.1 -7.1 18FA613194733Financecompanies -5.4 0.5 17FA543194733Lifeinsurancecompanies 0.3 0.3 16FA513194733Property-casualtyinsurancecompanies -8.4 -5.7 -3.2 0.0 15FA763194735Liab.:U.S.-chartereddepositoryinstitutions -0.3 -4.5 0.2 -3.7 0.4 Holdingcompanynettransactionswithaffiliates: 0.0 0.1 0.6 1.1 0.7 14FA643092473Realestateinvestmenttrusts(FHLB) 13FA613092403Financecompanies 0.1 12FA543092473Lifeinsurancecompanies(FHLB) -0.6 11FA513092403Property-casualtyinsurancecompanies(FHLB) 0.1 10FA473092403Creditunions(FHLB) 0.9 9FA763092405U.S.-chartereddepositoryinstitutions(FHLB) 8FA313092403Federalgovernment 7FA113092405Nonfinancialnoncorporate(FCS) 6FA103092405Asset:Nonfin.corporatebusiness(FannieMaeandFCS) 5FA403192405Liab.:Government-sponsoredenterprises Equityingovt.-sponsoredenterprises: 4FA713164003Asset:U.S.-chartereddepositoryinstitutions 3FA713164003Liab.:Monetaryauthority FederalReserveBankstock: 2FA313092803Asset:Federalgovernment 1FA313092803Liab.:Restoftheworld FederalgovernmentequityinIBRD,etc.: Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.232 IdentifiedMiscellaneousFinancialClaims-PartI (1) FundsinvestedbyfinancialinstitutionssuchasdomestichedgefundsthroughthePublic-Private InvestmentProgram(PPIP). 0821 002019 2020 2019 2018 1. 48-. 18-. 34-. . 4318 -4.3 21 323.8 19 228.7 0.8 26.7 23.4 -1.0 361.7 -189.5 251.0 -3.4 264.0 -22.3 -7.6 -7.0 -58.7 -28.7 -1.8 240.8 81.7 120.4 -2.0 21.5 -16.6 -4.8 -23.2 -13.3 774. 691836. 3063227. 3. 25 -39.9 76.0 332.2 -300.6 66.2 108.3 20 16.9 -83.5 42.3 -65.8 69.1 37.7 -46.3 -126.1 12.5 -31.6 -1.2 24.9 0200-. . . 00-. . 0113 -0.1 0.0 -0.1 -0.0 0.0 0.1 -0.0 0.0 -0.2 . . 1. . . . 5. . . 32 30 0.0 0.0 0.0 0.0 29 0.0 28 456.0 6.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 114.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0 22 0.0 8.2 0.0 0.0 0.0 -15.9 0.0 0.0 -14.0 0.0 -5.0 1.5 -2.1 -6.7 -0.6 8 2.5 0.0 0.0 0.0 0.0 3 -0.1 0.0 1.5 2 1 0.0 -1.2 -1.2 0.2 0.9 0.0 0.9 1.1 0.0 0.0 0.0 -3.2 5.2 0.0 5.2 0.4 0.0 0.0 0.7 0.1 0.1 -0.6 1.2 0.9 1.2 1.4 1.4 1.3 1.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 73

Transactions Transactions 0 F53705 se: rvt eso ud 01-38792. . 6. 834. 4840 24.8 44.3 38 28.3 26.0 41 26.0 -65.7 5.5 42 37 35 307.3 24.8 39 8.3 3.8 5.5 307.3 -68.4 282.1 44.3 282.1 15.1 23.8 -68.4 268.2 -47.8 28.3 268.2 201.7 -47.8 -0.7 -2.7 7.9 201.7 -65.7 258.6 -0.7 33 -403.6 12.3 258.6 -13.8 149.5 3.8 274.1 32 -21.2 -403.6 274.1 -14.0 25.0 80.1 -123.9 264.8 -21.2 -35.0 23.8 264.8 12.8 -11.7 19.2 245.6 -35.0 -51.9 245.6 7.9 -16.0 31 234.1 224.9 8.2 -14.0 -51.9 28 224.9 12.5 -124.3 16.1 -13.8 -11.7 14.4 35.4 -9.1 22.8 80.1 -16.0 13.9 68.1 30 -10.3 12.5 28.6 16.4 1.7 -7.3 42FA223073045Stateandlocalgovt.retirementfunds -9.1 -17.7 27.6 41FA343073045Federalgovernmentretirementfunds 26 -18.9 24 40FA573073005Asset:Privatepensionfunds 25 -0.9 4.6 17.0 -10.3 57.1 15.2 22.9 20 39FA223073045Stateandlocalgovernments -7.3 38.5 -34.6 2.1 2.8 49.9 -5.0 22.2 38FA343073045Federalgovernment 37FA573073005Liab.:Nonfinancialcorporatebusiness 24.5 -0.9 33.6 19.1 Claimsofpensionfundonsponsor: 12.5 3.5 11.2 9.0 -34.6 14.6 13.0 14.4 36FA313195105Asset:Householdsector -2.0 21 2.2 35FA313195105Liab.:Federalgovernment(3) 71.5 17 18.3 24.2 11.7 Retireehealthcarefunds: -3.9 13.5 28.1 -0.1 161.5 16 5.1 9.0 9.5 -8.4 34FA663097005Asset:Brokersanddealers 13.5 26.1 102.7 33FA663097005Liab.:Otherfinancialbusiness 5.9 Securitiesborrowed(net): -1.7 22.2 -4.8 37.7 38.8 19.5 19.3 2.8 32FA573074005Asset:Privatepensionfunds 10.5 76.9 -3.8 15.0 3.5 10.0 31FA573074005Liab.:Nonfinancialcorporatebusiness 13 2.1 Pensionfundcontributionspayable: 8.8 13.2 21.5 11.4 -1.3 10.2 27.9 30FA223095505Stateandlocalgovernmentretirementfunds 21.7 3.3 93.4 -0.5 9 11.5 29FA573095005Asset:Privatepensionfunds -13.9 28FA593095005Liab.:Lifeinsurancecompanies 17.7 44.0 3.5 4.5 19.3 Unallocatedinsurancecompanycontracts: 27.0 10 23.4 44.1 11 17.9 91.5 27FA263076005Restoftheworld -0.9 -187.2 19.1 26FA513076005Property-casualtyinsurancecompanies 8.2 306.2 25FA113076005Nonfinancialnoncorporatebusiness 26.3 555.1 1.5 0.0 24FA103076005Nonfinancialcorporatebusiness 215.6 390.7 4.2 23FA153076005Asset:Householdsector 7 6 1.9 0.0 0.0 0.0 -1.7 -1.7 22FA263176005Restoftheworld 19.0 21FA513176005Liab.:Property-casualtyinsurancecompanies 0.0 0.0 -3.5 0.0 -3.5 Policypayables: 6.2 3.0 20FA543095105Lifeinsurancecompanies 3.0 0.0 8.1 0.0 3.1 19FA153095105Asset:Householdsector 3 18.6 18.6 83.6 0.0 259.3 -24.0 18FA263195105Restoftheworld 17FA543195005Liab.:Lifeinsurancecompanies 0.0 -1.5 -1.5 0.0 -812.0 Lifeinsurancecompanyreserves: 0.0 -523.2 7.3 7.3 0.0 16FA543077073Asset:Lifeinsurancecompanies 0.0 1415.8 15FA543077073Liab.:Householdsector 11.0 Deferredandunpaidlifeinsurancepremiums: 4.1 4.1 3.8 14FA673090543Asset:ABSissuers 2.8 2.8 13FA673090543Liab.:Lifeinsurancecompanies(2) Fundingagreementsbackingsecurities: 14.2 -0.2 -0.2 12FA613072003Financecompanies -0.5 11FA113072003Nonfinancialnoncorporatebusiness 10FA103072005Nonfinancialcorporatebusiness -7.9 9FA163072003Asset:Nonprofitorganizations 8FA313172003Liab.:Federalgovernment PaycheckProtectionProgramsubsidiespayable: 7FA403197033Asset:U.S.-chartereddepositoryinstitutions 6FA403197033Liab.:Government-sponsoredenterprises DepositsatFederalHomeLoanBanks: 5FA313131003Asset:Householdsector 4FA313131003Liab.:Federalgovernment PostalSavingsSystemdeposits: 3FA713091103Monetaryauthority(1) 2FA313091105Asset:Federalgovernment 1FA263191103Liab.:Restoftheworld Nonofficialforeigncurrencies: Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.233 IdentifiedMiscellaneousFinancialClaims-PartII 74 (3) IncludesUniformServicesRetireeHealthCare FundandPostalServiceRetireeHealthBenefitsFund. areincludedinforeigndirectinvestmentthe U.S.SeetablesF.133andF.230. (2) Equaltofundingagreement-backedsecurities (FABS)issuedbydomesticissuersofasset-backedsecurities.Fundingagreement-backedsecurities issuedbyforeignentities (1) Reciprocalcurrencyarrangements(swaplines) withforeigncentralbanks.

Z.1, March11,2021 0821 002019 2020 2019 2018 1. . 813. 1432411. 13919534 149.5 -123.9 12.8 234.1 -124.3 35.4 68.1 1.7 -18.9 391. . 922. 23-. 518336 8.3 15.1 -2.7 12.3 25.0 19.2 8.2 14.4 13.9 23 -19.9 63.6 33.7 19 4.1 25.9 28.7 23.4 -0.4 17.8 20.4 3.6 12.0 23.4 17.9 9.4 17.7 15.4 20.3 1508050714-. . . . 18 0.7 0.8 0.5 -0.0 1.4 0.7 0.5 0.8 -1.5 1 -24.0 -812.0 -523.2 1415.8 11.0 3.8 14.2 -0.5 -7.9 . . 1142-. 1. 34-. 0329 -0.3 27 3.3 -4.7 7.4 13.4 -12.6 4.7 -6.6 22 8.9 1.7 4.2 20.1 3.5 -1.1 12.8 1.0 1.0 4.7 4.3 0.8 9.6 2.0 2.7 15 9.1 -8.4 11.6 -1.7 14 13.2 5.5 -3.8 12 0.7 21.7 1.8 10.2 17.7 4.3 -0.5 23.4 3.0 3.5 8.2 8 0.0 -108.9 -0.9 4.2 892.6 0.0 5 1.5 628.4 4 0.0 19.0 0.0 0.0 0.0 1.9 6.2 0.0 0.0 0.0 2.0 2 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 353.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F43905 oenetsosrdetrrss-573. 257. 3. 137. 581. 35 13.4 65.8 79.5 91.3 31 -32.1 30.0 26 0.5 79.4 -49.7 28 -57.0 62.5 387.1 4.8 25 7.0 -16.8 -78.8 32.1 22 -10.1 13.5 -21.2 468.2 -33.6 -15.7 -16.6 -313.3 10.9 -75.9 207.4 24 -18.8 -218.6 72.2 105.1 -59.2 -1.7 40FA903090005Discrepancy 374.6 6.9 145.3 -24.9 32.8 100.2 -8.2 39FA733093005Holdingcompanies 1.7 -36.2 -5.3 38FA663093005Brokersanddealers 30.9 379.4 20 -63.8 19 -18.2 -2.2 -527.4 37FA643093005REITs -11.5 -208.5 -5.0 -67.1 36FA613093005Financecompanies 110.2 944.0 28.4 3.4 1.4 35FA403093005Government-sponsoredenterprises 17.6 3.6 202.2 -192.0 158.9 34FA563093003Exchange-tradedfunds -20.4 403.1 155.8 12 33FA653093005Mutualfunds -69.9 22.8 26.9 717.5 32FA633093005Moneymarketfunds 197.7 18.3 8 -60.3 64.1 602.4 211.5 31FA223093005Stateandlocalgovt.retirementfunds -3.6 30FA573093005Privatepensionfunds 156.9 112.5 -40.1 2.3 10 308.8 29FA543093005Lifeinsurancecompanies 191.9 -23.2 39.9 28FA513093005Property-casualtyinsurancecompanies 569.4 1.8 193.6 1.8 60.5 7 27FA473093005Creditunions -66.0 26FA743093005BanksinU.S.-affiliatedareas 0.4 108.7 69.1 25FA753093005ForeignbankingofficesinU.S. -34.9 24FA763093005U.S.-chartereddepositoryinstitutions -24.0 6 6.9 -1.0 23FA713093005Monetaryauthority -36.1 61.4 -3.1 3 0.0 22FA213093003Stateandlocalgovernments 173.7 3.2 -2.7 -271.0 21FA313093003Federalgovernment 53.8 2 -101.7 -325.0 80.0 0.2 4.6 0.6 20FA113093005Nonfinancialnoncorporatebusiness -23.2 46.3 57.1 19FA103093005Nonfinancialcorporatebusiness 97.1 -0.3 9.2 296.3 36.6 28.7 18FA893093005Netchangeinassets 110.1 20.4 -0.9 -3.9 -104.1 -28.2 17FA503193005Otherfinancialbusiness 84.7 351.1 -119.4 16FA733193005Holdingcompanies -16.4 15FA663193005Brokersanddealers 47.2 89.9 1577.9 513.5 14FA643193005REITs -43.3 71.1 13FA613193005Financecompanies 168.1 12FA403193005Government-sponsoredenterprises 81.7 960.2 11FA543193005Lifeinsurancecompanies 93.6 693.6 10FA513193005Property-casualtyinsurancecompanies 9FA473193005Creditunions 8FA743193005BanksinU.S.-affiliatedareas 7FA753193005ForeignbankingofficesinU.S. 6FA763193005U.S.-chartereddepositoryinstitutions 5FA713193005Monetaryauthority 4FA313193005Federalgovernment 3FA113193003Nonfinancialnoncorporatebusiness 2FA103193005Nonfinancialcorporatebusiness 1FA893193005Netchangeinliabilities Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.234 UnidentifiedMiscellaneousFinancialClaims 0821 002019 2020 2019 2018 1228. 4. . 28283-14-2. 9233 -9.2 -422.1 -31.4 288.3 92.8 5.8 -43.6 83.4 -112.2 4. 3. 9. 1. 04224. 1. 072-9. 18 -796.9 1007.2 812.3 2544.9 1024.2 810.6 891.9 831.9 643.2 1 146.6 559.9 -517.2 960.2 1432.5 452.9 287.4 1005.4 597.9 1. 2. 34-95-21-511. 1. . 39 7.6 38 40 195.2 -18.7 943.5 102.0 12.5 -447.3 44.1 -1329.5 -15.1 -1584.7 408.3 185.7 -42.1 -357.7 -44.9 -49.5 -604.5 -19.0 -3.4 173.5 131.7 -45.3 -24.8 71.6 -10.0 -40.9 16 224.2 15 99.1 6.3 13 -80.1 123.8 -107.2 -24.2 -268.4 11 -107.5 26.8 -153.3 -84.0 -222.5 -39.8 -61.7 81.0 -210.1 24.4 -99.5 44.7 -143.6 421.4 -107.7 -34.5 -28.8 -59.8 -62.6 0.9 -93.2 -33.9 132.2 -13.8 63.2 -51.7 40.0 -17.7 10261. . 685. 3. 994. 37 40.0 36 -7.1 -9.9 -52.0 -35.4 14.5 57.5 60.7 16.8 -22.8 2.8 1.0 13.1 29 4.0 -87.0 2.6 -67.9 -2.9 21.0 -125.0 21 26.2 6.0 413.4 -56.4 7.6 84.6 4.4 33.4 6.7 13.4 41.6 2.1 5.7 14 17 17.5 -59.3 6.1 26.1 293.6 -276.9 9.6 5.6 396.0 -3.3 13.7 163.7 -130.7 9.7 88.4 28.5 -31.1 12.5 52.3 -7.2 16.1 945. 516. 151044. 416. 30 60.4 54.1 45.2 100.4 23 6.9 51.5 60.4 0.5 65.1 24.4 50.4 11.5 -9.4 5.6 -11.3 10.9 -1.7 -3.0 9 4.6 -19.9 6.7 30.7 -2.4 -19.3 5.5 1.2 -0.0 . . 373. 514. 495. 2. 34 -22.2 55.9 32 94.9 -282.5 -76.1 46.2 235.2 -5.1 123.3 27 75.5 37.3 38.5 -12.6 43.7 139.1 73.1 -0.0 8.4 27.8 2.4 1.7 12.2 1.4 8.8 40.9 5.7 7.6 4 5 6.8 119.4 144.7 -9.8 -151.2 0.4 -107.4 162.7 -12.7 85.8 11.5 1.4 -46.9 -3.8 0.5 3.9 1.1 1.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 75

Transactions Transactions 6 F67005 sur fastbce euiis00000000000000000016 0.0 0.0 0.0 15 0.0 10 123.1 13 -1.4 -73.8 134.0 0.0 2.6 -10.8 -50.4 0.0 -35.2 1.9 39.0 9 12 115.8 -264.4 96.7 0.0 -27.5 6.0 74.5 205.1 -56.9 112.2 0.0 156.8 8 -31.9 2.3 263.1 6 61.4 -40.2 5 -192.9 261.1 -96.1 -9.0 0.0 -60.4 202.0 -476.4 1.3 8.2 -397.9 -17.3 51.0 27.7 132.4 69.2 259.6 2.3 -38.2 -20.5 68.4 36.8 483.1 137.1 71.2 21FA267005005Restoftheworld 2.1 -55.7 24.4 73.4 -49.1 114.6 20FA737005005Holdingcompanies 3 -151.6 19FA667005005Brokersanddealers -51.0 -69.5 550.8 16.5 1.3 -0.8 -1.5 18FA647005005REITs -577.4 8.0 65.0 53.4 17FA617005005Financecompanies -77.9 -15.4 16FA677005005Issuersofasset-backedsecurities -89.1 -5.4 -705.2 66.4 -167.0 15FA407005005Government-sponsoredenterprises 719.2 -13.5 14FA657005005Mutualfunds -425.4 -130.1 13FA547005005Lifeinsurancecompanies -202.4 12FA517005005Property-casualtyinsurancecompanies 479.5 11FA477005005Creditunions 130.0 10FA747005005BanksinU.S.-affiliatedareas 9FA757005005ForeignbankingofficedinU.S. 8FA767005005U.S.-chartereddepositoryinstitutions 7FA717005005Monetaryauthority 6FA797005005Domesticfinancialsectors 5FA217005005Stateandlocalgovernments 4FA317005005Federalgovernment 3FA107005005Nonfinancialcorporatebusiness 2FA157005005Householdsector 1FA897005005Allsectors Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.7 SectorDiscrepancies 76 5 F16005 ot.frgv.sc nu. ..aflae ra ...... 15 5.3 14 -177.2 5.2 367.2 -13.4 8 5.0 0.0 -110.2 5.3 26.2 0.0 75.0 5.2 0.0 16.6 5.1 0.0 12.8 4 5.2 10.0 0.0 -58.0 5 74.9 5.2 0.4 0.0 -307.0 5.2 135.1 0.0 263.6 663.2 -38.2 0.0 -525.6 67.4 -405.9 0.0 10.4 -261.4 15FA156600075Contr.forgovt.soc.insur.,U.S.affiliatedareas 14FA087005005Statisticaldiscrepancy(NIPA) 68.3 -10.4 Nonfinancialcomponents(signreversed): -254.3 -14.8 13FA906000105Nonfinancial -248.1 12FA903090005Miscellaneous 11FA903078005Taxespayable 10FA903070005Tradecredit 9FA903029200Privatedomestic 8FA903028003Stateandlocalgovernments 7FA903023005Federalgovernment 6FA903020005Mailfloats 5FA902050005Securityrepurchaseagreements 4FA904010005Netinterbanktransactions 3FA903091005Foreigndeposits 2FA903012005Treasurycurrency 1FA907005005Alltypes Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.8 InstrumentDiscrepancies

Z.1, March11,2021 0821 002019 2020 2019 2018 105-5. 112165-8. 11. 10. 1785462 1 514.6 1055.8 1197.8 -579.6 -1104.8 -1542.4 -1012.6 -938.1 -780.0 167.6 146.5 -280.8 -101.2 -501.1 -653.6 -8.2 -160.5 -190.1 101-. 511-8. 6. 981-524-7. 0581 1055.8 -579.6 -1542.4 -938.1 167.6 -280.8 -501.1 -8.2 -190.1 6. 9. 294461553593-8. 8. 49021 -489.0 -87.2 -780.8 519.3 535.3 496.1 -209.4 296.2 163.4 7. 71-46134174715-6. 6. 2763 -237.6 -66.8 -565.6 771.5 127.4 153.4 -24.6 47.1 175.9 2. 27-052. 7. 7. 5. 5. 3119 18 20 63.1 19.4 14.7 -55.1 -4.9 -35.7 -51.2 -68.4 1.3 -78.9 38.9 14 86.6 -75.6 -65.0 -164.6 22.1 100.6 -55.0 -166.0 32.9 -12.6 -30.5 -40.0 -168.2 25.6 12.7 -50.0 -86.6 -38.8 34.6 -26.3 -54.3 -39.6 -52.5 -48.4 -78.7 4 278.7 -765.9 124.6 172.5 -280.3 -436.5 -47.5 -27.7 -25.9 8. 625. 3. 875. 906. 1410 11 61.4 27.5 12 63.0 943.5 131.0 -447.3 -130.3 19.0 -1329.5 58.4 -1584.7 58.1 408.3 -12.3 78.7 -357.7 120.0 -604.5 139.5 21.6 173.5 50.4 18.5 -45.3 36.2 -27.3 -82.0 28-80-18-01-1414985-7. 7. 13 171.9 -372.4 8.5 104.9 -31.4 -80.1 -21.8 -18.0 52.8 19-673. 77-0. 747. 2. 1317 21.3 -27.7 72.9 67.4 11 -9.4 -107.2 -13.8 27.7 -15.4 33.5 14.7 -26.7 -4.2 -1.9 4.0 -6.0 1.2 -0.4 02-. . . 48-. . 02039 0.3 -0.2 7 78.7 6 1.3 78.9 -96.3 -0.6 -96.5 98.3 2 -4.8 99.6 -0.3 -83.3 2.0 -83.9 46.3 -0.6 41.4 0.2 -61.4 -0.3 -59.4 -0.7 -0.5 -0.4 -0.5 0.5 -0.2 -0.3 -0.0 -0.5 -2.4 -0.6 -0.4 -0.8 -0.6 . 31-. 35-39-. 34-. 337 -3.3 -3.4 -3.4 -3.3 -13.9 -3.5 -3.3 -3.1 5.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F33905 iclaeu iblte 55. 67. 65. 66. 67. 70. 73. 78. 65. 46 16957.5 45 17382.5 9703.4 17131.9 17101.7 8430.1 16379.9 7775.0 16268.1 16957.5 6617.0 16379.9 8177.3 39 15450.4 3045.8 7460.1 2894.0 34 9703.4 20.2 2764.1 8177.3 38 2724.6 3139.9 20.2 6274.3 36 2614.8 3252.0 6541.6 2569.3 21.0 3457.3 6514.7 3045.8 3327.3 6428.2 21.2 2614.8 2876.8 5988.5 2436.4 2854.0 5800.1 21.2 3139.9 5800.7 2876.8 21.5 6541.6 46FL383190005Miscellaneousliabilities 2819.2 5800.1 20.2 45LM143192005ForeigndirectinvestmentinU.S. 5543.2 44FL143178005Taxespayable 21.2 43FL313140003Lifeinsurancereserves 22.9 42FL383170005Tradepayables 25 7044.9 41FL153166000Consumercredit 6105.9 40FL383165005Mortgages 5809.9 39FL383169005Otherloansandadvances 4979.3 38FL383168005Depositoryinstitutionloansn.e.c. 37FL384123005Loans 24 6514.5 13231.9 6070.9 12870.6 36FL103163003Corporateandforeignbonds 12681.2 7044.9 35FL383162005Municipalsecurities 12475.5 6514.5 34FL313161705Agency-andGSE-backedsecurities 12387.1 12316.3 33FL313161105Treasurysecurities 5438.6 13231.9 32FL103169100Openmarketpaper 15 12387.1 31FL384122005Debtsecurities 1339.8 11596.5 1301.7 30FL313112003Treasurycurrency 1269.4 29FL713014003SDRcertificates 13 1178.3 28LM313111303U.S.officialreserveassets 1433.0 1036.1 1470.8 27FL384190005Totalliabilities 11 1040.6 1691.8 7 773.1 1339.8 1517.7 26FL383090005Miscellaneousassets 210.1 853.7 1036.1 1412.0 208.0 25LM103092005U.S.directinvestmentabroad 6 1002.8 947.0 1340.5 24LM152090205Equityinnoncorporatebusiness 3486.5 204.6 1433.0 23FL383078005Taxespayable 1289.7 3547.4 1412.0 186.4 1253.0 3736.4 22FL153050005Pensionentitlements 4 1255.3 1198.2 5 176.4 3488.1 21FL153040005Lifeinsurancereserves 7335.0 773.1 12737.9 20FL383070005Tradereceivables 2903.4 173.5 6248.1 13252.4 2738.5 1253.0 13150.7 5958.8 19LM383064205Mutualfundshares 210.1 12448.7 3486.5 1124.6 3931.2 18LM383064105Corporateequities 11930.3 176.4 2903.4 11729.7 3397.9 12737.9 17FL383066005Consumercredit 2389.4 179.5 3252.2 11930.3 16FL383065005Mortgages 11301.9 7335.0 15FL383069005Otherloansandadvances 3397.9 14FL384023005Loans 3254.7 13FL383063005Corporateandforeignbonds 12FL383062005Municipalsecurities 11FL383061705Agency-andGSE-backedsecurities 10FL383061105Treasurysecurities 9FL383069105Openmarketpaper 8FL384022005Debtsecurities 7FL382051005Securityrepurchaseagreements 6FL383034005Moneymarketfundshares 5FL383030005Timeandsavingsdeposits 4FL383020005Checkabledepositsandcurrency 3FL383091005Foreigndeposits 2FL313011005U.S.officialreserveassets 1FL384090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.100 DomesticNonfinancialSectors(1) (1) SumofdomesticnonfinancialsectorsshownontablesL.101throughL.107. 1413185. 4634136. 2020117. 3822150. 46341 142663.4 135907.9 131872.2 121474.8 128052.0 123968.5 142663.4 128052.0 114471.3 53. 52. 65. 57. 52. 55. 60. 63. 65. 40 16558.5 16331.2 16105.2 37 15956.4 26922.3 15821.3 26610.8 15677.1 26412.5 16558.5 26144.4 15821.3 25489.8 15237.6 25214.3 33 26922.3 23600.9 25489.8 22900.4 31 24488.3 22370.7 34244.7 19518.4 33482.2 19018.7 32876.2 18571.7 29641.5 23600.9 28899.2 19018.7 28434.6 17842.1 34244.7 27 28899.2 93738.2 27449.1 91742.0 26 89827.4 11082.2 85239.3 12015.9 84729.7 11843.4 83122.4 12359.6 93738.2 10670.9 84729.7 10706.3 79251.7 11082.2 22 10670.9 29472.8 10780.8 28354.2 27729.4 26498.3 27744.4 27165.9 18 29472.8 27648.4 27744.4 24290.8 25743.1 22372.6 18190.2 23388.3 21757.7 27648.4 23388.3 18262.8 0821 002019 2020 2019 2018 08053. 36759. 28456. 06957. 36742 5346.7 41 5276.8 4178.1 5016.9 4133.6 5161.4 4085.9 5238.4 4136.3 5198.7 4176.9 5346.7 4113.8 35 5238.4 3949.9 4178.1 5038.0 3924.7 4176.9 3890.2 3995.1 3870.2 3864.7 3824.4 3949.9 3864.7 3844.5 21 1817.5 20 5123.2 1764.1 5098.0 1736.1 4872.9 1709.2 19 5023.3 1731.3 11753.8 17 10594.0 5082.0 1444.1 1718.8 9928.8 5098.8 1439.9 1817.5 8553.2 14 5123.2 1416.3 1731.3 3345.1 10460.5 5082.0 1411.8 1659.1 9773.4 3299.6 4933.0 1382.7 11753.8 12 3240.8 1954.2 10460.5 1374.6 3140.7 8352.9 10 1949.8 1444.1 2970.8 3001.8 1944.5 1382.7 8 2964.6 2792.5 1922.0 1304.0 7536.4 3345.1 2764.4 1946.4 7424.5 2970.8 2589.5 1943.4 7680.1 2856.5 2949.7 1954.2 7649.3 2904.6 1946.4 7883.8 3001.8 1907.1 7705.8 2949.7 7536.4 2543.2 7883.8 7070.6 2. 1. 3. 1. 1. 4. 8. 2. 3. 44 432.9 429.3 486.0 444.8 415.8 418.0 432.9 415.8 422.3 32 132.1 122.2 166.1 243.1 194.5 216.3 132.1 194.5 23 536.0 196.5 546.8 650.3 595.9 555.0 558.0 16 536.0 561.1 555.0 558.0 409.8 555.1 550.6 552.0 9 374.4 549.3 357.7 561.1 332.5 552.0 330.4 549.7 322.8 3 190.0 319.0 181.0 374.4 174.0 322.8 149.7 240.3 157.6 141.9 190.0 157.6 148.3 135. 245. 225. 205. 2443 52.4 52.4 52.0 52.0 52.2 52.1 52.4 52.2 30 51.3 23.1 28 50.0 23.1 49.7 23.2 48.6 23.2 48.2 23.2 48.8 23.2 48.1 23.1 50.0 23.2 48.8 23.7 49.1 2 111.7 106.5 102.2 96.4 97.8 96.2 111.7 97.8 93.9 ...... 29 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 77

Levels Levels 3 F53703 eerdadupi ieisrnepeim 503. 563. 653. 813. 5633 35.6 30 666.9 37.7 567.9 38.1 495.8 29 39.0 370.1 510.1 364.1 495.9 36.5 378.8 479.7 25 36.6 202.3 383.8 666.9 35.6 205.5 349.8 495.9 206.9 36.5 337.0 471.0 209.2 370.1 35.0 212.1 27 349.8 10935.4 213.2 10786.5 339.0 10625.6 10543.5 202.3 22 14 20 10481.8 13231.9 25.3 21 5753.1 19 10413.8 212.1 12870.6 23719.8 29472.8 10935.4 12681.2 6291.4 22062.8 25.5 28354.2 33FL543077073Deferredandunpaidlifeinsurancepremiums 10481.8 215.2 12475.5 21216.1 27729.4 6513.3 10204.4 32FL163170005Tradepayables 12387.1 19569.8 26498.3 12316.3 12 25.7 6928.5 21783.3 27744.4 922.0 13231.9 31FL163165505Commercialmortgages 20910.9 27165.9 5961.1 12387.1 23719.8 30FL153169005Otherloansandadvances 29472.8 26.5 894.7 11596.5 6255.0 21783.3 27744.4 29FL153168005Depositoryinstitutionloansn.e.c.(6) 19039.4 25743.1 5753.1 928.2 28FL153166000Consumercredit 27.7 27FL153165105One-to-four-familyresidentialmortgages(5) 5961.1 950.8 26FL154123005Loans 28.4 6703.7 10 8 805.1 1187.3 25FL163162003Debtsecurities(municipalsecurities) 213.2 25.3 1230.2 813.3 305.2 1444.5 24FL154190005Totalliabilities 27.7 922.0 5 1294.7 394.4 23FL153090005Miscellaneousassets 2419.1 805.1 1186.2 31.3 22LM152090205Equityinnoncorporatebusiness 724.9 2468.1 1115.9 781.8 2619.6 700.8 1187.3 21FL153050025Fundedpensionentitlements 3 4 2422.3 1186.2 20FL593073005Claimsofpensionfundonsponsor 3241.1 649.6 10827.7 19FL153050005Pensionentitlements(4) 2207.9 1046.1 11325.6 2100.5 213.2 18FL153040005Lifeinsurancereserves 11174.5 2076.3 1778.7 10546.7 17FL163070005Tradereceivables 2419.1 700.8 10200.2 1403.8 10039.1 2207.9 16LM153064205Mutualfundshares 1242.4 593.1 10827.7 15LM153064105Corporateequities(3) 1799.0 10200.2 1005.6 9661.4 3241.1 14FL163066223Consumercredit(studentloans) 1242.4 13FL153065005Mortgages 12FL153069005Otherloansandadvances(2) 1208.7 11FL154023005Loans 10LM153063005Corporateandforeignbonds 9LM153062005Municipalsecurities 8LM153061705Agency-andGSE-backedsecurities 7LM153061105Treasurysecurities 6LM154022005Debtsecurities 5FL153034005Moneymarketfundshares 4FL153030005Timeandsavingsdeposits 3FL153020005Checkabledepositsandcurrency 2LM153091003Foreigndeposits 1FL154090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.101 HouseholdsandNonprofitOrganizations(1) 78 (6) IncludesloansextendedbytheFederalReservetofinancialinstitutionssuchasdomestichedgefundsthroughTermAsset-BackedSecuritiesLoanFacility(TALFI). (5) Includesloansmadeunderhomeequitylinesofcreditandsecuredbyjuniorliens(tableL.218,line23). (4) Includespublicandprivatedefinedbenefitcontributionpensionplansannuities,includingthoseinIRAsatlifeinsurancecompanies.Excludessocialsecurity. (3) Directlyheldcorporateequities,includingclosed-endfund,exchange-tradedandrealestateinvestmenttrustshares. (2) Includescashaccountsatbrokersanddealerssyndicatedloanstononfinancialcorporatebusinessbynonprofitsdomestichedgefunds. (1) Sectorincludesdomestichedgefunds,privateequityandpersonaltrusts.SupplementarybalancesheettableB.101.nshowsestimatesofannualyear-endoutstandingsnonprofitorganization s.

Z.1, March11,2021 57. 58. 63. 52. 58. 55. 56. 63. 63. 26 16437.8 16137.2 15869.0 15854.2 24 15782.9 17056.9 15620.3 16759.6 16437.8 16491.2 15782.9 16477.6 15278.5 16404.6 16241.3 17056.9 16404.6 15893.7 15 24719.1 21668.9 19953.3 16169.8 20868.3 19433.4 24719.1 20868.3 16300.0 1 104767.3 98384.8 95168.1 87534.2 94702.3 91249.5 104767.3 94702.3 83574.0 0821 002019 2020 2019 2018 95147. 18141. 16943. 05943. 18128 4178.1 4133.6 4085.9 4136.3 4176.9 4113.8 23 4178.1 1341.2 4176.9 1330.3 3995.1 1301.8 1287.1 1286.9 18 1817.5 1257.3 1764.1 1341.2 1736.1 1286.9 1709.2 1245.1 16 1731.3 11274.9 10160.3 1718.8 9520.2 1817.5 8199.8 1731.3 10041.7 1659.1 9376.9 9 11274.9 1909.3 10041.7 7 8006.0 1905.4 6 1767.3 1900.8 5077.1 1583.4 1880.2 5024.2 1582.9 1904.3 5322.5 1541.5 1901.7 5441.2 1975.3 1909.3 5766.7 1960.9 1904.3 5628.1 1767.3 1866.1 5077.1 1975.3 5766.7 1647.9 5153.3 6. 7. 8. 7. 7. 7. 7. 7. 8. 32 381.3 31 379.2 287.4 377.2 285.2 375.1 282.9 373.1 280.7 371.1 278.4 381.3 276.1 373.1 287.4 365.0 278.4 269.1 17 277.6 275.6 273.6 271.7 269.7 267.8 11 1024.7 277.6 998.7 269.7 1033.4 262.1 1058.4 914.9 924.3 1024.7 914.9 897.7 468. 748. 218. 957. 7413 77.4 78.5 79.5 81.0 82.1 82.6 2 77.4 42.6 82.1 43.6 84.6 44.0 50.4 41.0 39.7 42.6 41.0 42.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 L13905 Frindrc neteti ..67. 17390. 40187. 67077. 40190. 31 9703.4 8430.1 7775.0 27 6617.0 2356.9 8177.3 2304.3 7460.1 2247.0 26 9703.4 2177.6 2769.8 8177.3 2082.0 2887.9 6274.3 2045.6 3078.5 2356.9 2943.5 2082.0 2526.9 1945.3 2517.1 2769.8 18 2526.9 7044.9 2480.2 6105.9 5809.9 32FL143190005Miscellaneousliabilities 4979.3 31LM143192005ForeigndirectinvestmentinU.S. 6514.5 10 30FL143178005Taxespayable 23.0 6070.9 29FL143170005Tradepayables 7044.9 6 24.1 6514.5 28FL143165005Mortgages 26.6 27FL143169005Otherloansandadvances 5438.6 27.8 26FL143168005Depositoryinstitutionloansn.e.c. 28.5 25FL144123005Loans 23.0 5 29.7 24FL103163003Corporatebonds 1035.7 16.0 23FL103162000Municipalsecurities 24.4 1047.1 4 22FL103169100Commercialpaper 15.3 1083.0 21FL104122005Debtsecurities 1495.6 12.2 1034.0 1491.1 23.0 20FL144190005Totalliabilities 3 668.9 1544.4 10.2 2132.1 16.0 1469.7 19FL143090005Miscellaneousassets 637.7 2184.7 26.6 18LM103092005U.S.directinvestmentabroad 1304.7 2287.4 1035.7 18.1 1277.7 12.2 1866.1 668.9 17FL143070005Tradereceivables 1495.6 16LM103064203Mutualfundshares 1609.3 570.7 1304.7 14.6 15LM103064103Corporateequities 1731.9 1235.1 2132.1 14FL143066005Consumercredit 1609.3 13FL143065005Mortgages 12FL144023005Loans 1507.2 11LM143062005Municipalsecurities 10LM103061703Agency-andGSE-backedsecurities 9LM143061105Treasurysecurities 8FL103069100Commercialpaper 7LM144022005Debtsecurities 6FL102051003Securityrepurchaseagreements 5FL143034005Moneymarketfundshares 4FL143030005Timeandsavingsdeposits 3FL143020005Checkabledepositsandcurrency 2FL103091003Foreigndeposits 1FL144090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.102 NonfinancialBusiness(1) (1) Combinedstatementfornonfinancialcorporatebusinessandnoncorporatebusiness. 47. 89. 15. 77. 89. 70. 97. 06. 15. 20 41950.5 40568.0 39579.9 37802.2 38492.2 37375.5 41950.5 38492.2 34479.0 1 29445.5 29161.7 28485.6 27440.1 27035.0 26497.1 29445.5 27035.0 24973.7 0821 002019 2020 2019 2018 0091228169496. 04. 05. 04. 03. 03. 32 10639.4 29 10635.5 3455.7 10447.9 28 3402.3 10351.8 5335.7 10242.8 3173.4 9966.1 5259.6 3323.7 10639.4 5196.7 3414.5 10242.8 5132.2 9000.9 3394.3 24 25 5061.0 6541.6 10462.4 3455.7 10451.8 4987.3 6514.7 3414.5 10522.1 21 5335.7 6428.2 10253.3 3289.0 7256.8 9669.9 5061.0 5988.5 7219.1 9550.0 4764.2 5800.1 7175.4 10462.4 5800.7 9669.9 6811.6 6541.6 19 9189.7 6571.9 9367.7 5800.1 6586.9 17 10316.9 5543.2 4511.1 10177.7 7256.8 10823.3 4495.8 15 6571.9 9135.7 2694.7 4287.4 6302.8 9185.3 2411.8 4441.3 9367.7 2222.5 4499.2 9135.7 1852.0 4517.1 9224.5 2313.7 4511.1 2130.8 4499.2 2694.7 4365.3 2313.7 1791.9 2. 1. 3. 1. 1. 4. 8. 2. 3. 30 432.9 429.3 486.0 444.8 415.8 23 418.0 583.1 22 432.9 132.1 582.2 415.8 122.2 581.1 422.3 166.1 579.9 243.1 577.2 194.5 569.9 16 216.3 583.1 374.4 132.1 577.2 339.1 194.5 563.1 319.4 196.5 12 276.2 129.6 327.3 128.2 9 309.8 126.4 8 149.2 7 374.4 124.8 287.4 152.6 485.7 327.3 124.4 272.5 164.5 475.3 270.9 122.4 249.5 147.9 467.7 129.6 253.6 2 122.3 449.7 124.4 147.4 244.9 119.1 408.5 119.7 137.4 241.6 149.2 401.0 130.0 287.4 122.3 485.7 99.2 244.9 124.6 408.5 162.1 116.6 329.0 102.2 147.4 116.6 106.3 653. 583. 583. 483. 5814 35.8 13 93.8 35.1 93.2 11 26.2 34.8 91.6 26.1 34.7 90.1 25.9 35.8 88.6 25.3 35.2 87.2 25.3 35.8 93.8 25.0 35.8 88.6 26.2 36.5 83.2 25.3 24.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 79

Levels Levels 5 F14406 Sottr etttldb pret 6 04 04 96 04 04 29 13 97 96 45 29.66 29.74 43 31.31 44 6385.1 102.05 6328.9 32.94 98.59 6375.3 30.48 38 96.90 6509.5 76.5 41 30.45 6109.4 41553.2 81.24 36712.0 39 80.0 6090.1 29.66 33391.3 147.1 83.86 6385.1 27003.0 30.48 83.0 33676.5 273.0 81.89 6109.4 31324.0 30.42 5895.4 41553.2 335.2 102.05 87.0 33676.5 83.86 26543.9 531.1 83.8 36 72.60 175.7 9666.7 86.1 8395.0 288.2 7744.1 76.5 147.1 6590.9 32 175.7 8145.2 2043.4 83.8 45FL104140006Short-termdebt/totaldebt(percent)(6) 7402.7 2010.4 590.0 31 84.7 9666.7 1977.4 44FL104001006Liquidassets/short-termliabilities(percent) 1129.9 43FL104150005Totalshort-termliabilities(5) 8145.2 1945.7 1165.1 42FL104001005Totalliquidassets(4) 6215.8 1855.7 1362.5 1826.8 1368.1 41LM103164103Marketvalueofequities 2043.4 1036.6 Memo: 1855.7 1032.1 1726.9 1129.9 40FL103193005Other 1036.6 39FL573073005Claimsofpensionfundonsponsor 22 1015.0 38FL573074005Pensionfundcontributionspayable 105.8 37FL103190005Miscellaneousliabilities 103.8 36LM103192005ForeigndirectinvestmentinU.S. 107.8 35FL103178005Taxespayable 111.3 18 34FL103170005Tradepayables 7044.9 112.5 6105.9 33FL103165005Mortgages 112.1 5809.9 32FL103169005Otherloansandadvances(3) 31FL103168005Depositoryinstitutionloansn.e.c. 4979.3 105.8 10 30FL104123005Loans 23.0 6514.5 112.5 6070.9 29FL103163003Corporatebonds(1) 6 24.1 113.2 7044.9 28FL103162000Municipalsecurities(2) 26.6 27FL103169100Commercialpaper 6514.5 27.8 26FL104122005Debtsecurities 5 5438.6 28.5 4 916.1 23.0 25FL104190005Totalliabilities 270.0 29.7 927.5 16.0 265.0 24FL103093005Other 24.4 962.2 23FL103072005PPPsubsidiesreceivable 15.3 303.5 22FL103094105Investmentinfinancecompanyaffiliates 916.4 12.2 21FL103092405EquityinGSEs 286.2 23.0 20FL103076005Insurancereceivables 558.3 3 10.2 196.0 19FL103090005Miscellaneousassets 1687.7 528.7 16.0 1741.6 184.8 26.6 18LM103092005U.S.directinvestmentabroad(1) 916.1 1830.4 18.1 270.0 12.2 1469.7 558.3 17FL103070005Tradereceivables 196.0 16LM103064203Mutualfundshares 1270.7 466.1 14.6 15LM103064103Corporateequities 1398.8 187.2 1687.7 14FL103066005Consumercredit 1270.7 13FL103065003Mortgages 12FL104023005Loans 1189.7 11LM103062003Municipalsecurities 10LM103061703Agency-andGSE-backedsecurities 9LM103061103Treasurysecurities 8FL103069100Commercialpaper 7LM104022005Debtsecurities 6FL102051003Securityrepurchaseagreements 5FL103034000Moneymarketfundshares 4FL103030003Timeandsavingsdeposits 3FL103020000Checkabledepositsandcurrency 2FL103091003Foreigndeposits 1FL104090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.103 NonfinancialCorporateBusiness 80 (6) Short-termdebtisthesumoflines27,31,and32.Total2630. (5) Sumoflines27,31,32,34,and35.Includesloansdueinmorethanoneyearexcludescurrent maturitiesofbondsandmortgages. (4) Sumoflines2through7and1516. (3) Loansfromrestoftheworld,U.S.government,andnonbankfinancialinstitutions.Detailcan befoundontableL.216. (2) Industrialrevenuebonds.Issuedbystateandlocalgovernmentstofinanceprivateinvestment andsecuredininterestprincipalbytheindustrialuseroffunds. (1) Through1992:Q4,corporatebondsincludenetissuesbyNetherlandsAntilleanfinancialsubsidiaries, andU.S.directinvestmentabroadexcludesnetinflowsfromthosebondissues.

Z.1, March11,2021 67. 99. 21. 86. 99. 82. 06. 13. 21. 25 32618.6 31235.6 30366.1 28824.4 29696.2 28662.8 32618.6 29696.2 26072.4 1 22746.2 22428.0 21847.4 21049.2 20842.7 20394.6 22746.2 20842.7 19128.1 0821 002019 2020 2019 2018 29952. 56048. 13258. 17863. 56042 6516.0 6239.4 6177.8 5288.6 5123.2 40 8503.3 4987.2 8369.4 6516.0 37 8136.7 5123.2 8727.0 7865.0 4279.9 8722.4 8142.0 8554.9 7771.8 8483.1 34 8503.3 8401.6 2817.4 8142.0 8146.1 2772.6 6566.7 8727.0 2571.3 8401.6 2678.3 30 7241.4 2771.2 3888.4 2758.9 29 3867.9 6541.6 2817.4 4022.5 6514.7 2771.2 3986.3 26 6428.2 2690.4 3554.9 7256.8 5988.5 3512.3 7219.1 5800.1 3888.4 7175.4 5800.7 24 3554.9 6811.6 4754.2 6541.6 3355.4 6571.9 5697.1 5800.1 6586.9 5815.0 5543.2 7256.8 6672.5 19 6571.9 5029.5 5551.6 6302.8 5138.0 6455.2 4754.2 6425.8 17 5029.5 7180.8 3558.5 5334.9 5535.3 3553.8 15 2694.7 5637.3 3361.0 2411.8 5551.6 3528.5 2222.5 5535.3 3597.2 1852.0 5826.3 3627.9 2313.7 3558.5 2130.8 3597.2 2694.7 3512.7 2313.7 1791.9 6. 5. 6. 5. 5. 7. 9. 5. 6. 35 262.3 258.6 33 715.1 297.9 692.4 274.3 682.6 251.4 672.5 28 255.9 583.1 27 662.6 262.3 132.1 582.2 653.3 251.4 122.2 581.1 715.1 266.7 166.1 579.9 662.6 243.1 577.2 613.5 194.5 569.9 20 216.3 583.1 430.8 132.1 577.2 416.5 194.5 563.1 404.0 196.5 395.6 16 374.4 392.0 339.1 385.9 319.4 430.8 276.2 392.0 327.3 377.0 309.8 8 7 374.4 287.4 399.1 327.3 272.5 388.6 270.9 249.5 380.1 253.6 2 364.5 147.4 244.9 328.3 137.4 241.6 322.0 130.0 287.4 399.1 99.2 244.9 328.3 162.1 116.6 253.2 102.2 147.4 116.6 106.3 653. 583. 583. 483. 5814 35.8 13 39.4 12 75.2 35.1 38.7 11 19.8 73.8 34.8 9 38.0 68.9 19.7 72.8 34.7 37.4 72.3 19.4 72.1 35.8 36.7 83.3 19.0 72.5 35.2 36.1 68.9 19.3 71.3 35.8 39.4 48.0 19.2 75.2 35.8 36.7 45.9 19.8 72.5 36.5 34.2 68.9 19.3 70.7 48.0 18.5 54.4 ...... 21 1.4 23 259.3 1.3 236.4 97.7 1.3 0.0 1.4 0.0 1.3 0.0 1.2 259.3 1.4 0.0 1.3 0.0 1.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

4 L15105 Frindrc neteti ..5. 213. 743. 613. 513. 24 36.7 35.1 30.9 26.1 20 313.4 32.1 294.0 57.4 269.5 36.7 231.9 14 13.0 226.3 19 32.1 1639.9 13.0 218.8 1722.8 58.5 313.4 1715.9 12.8 1575.4 226.3 12.6 1490.3 218.4 1485.0 12.8 1639.9 1490.3 12.8 1465.2 13.0 25FL113193003Miscellaneousliabilities 4 12.8 24LM115114005ForeigndirectinvestmentinU.S. 119.5 12.5 23FL113178003Taxespayable 119.6 22FL113170005Tradepayables 2 120.8 3 444.4 21FL113165005Mortgages 1225.6 117.6 20FL113169005Otherloansandadvances 443.1 1226.1 19FL113168005Depositoryinstitutionloansn.e.c. 110.6 1240.9 457.1 18FL114123005Loans 109.0 1183.5 396.4 17FL114190005Totalliabilities 1108.7 119.5 338.6 1092.9 110.6 16FL113093005Other 1225.6 333.1 15FL113072003PPPsubsidiesreceivable 104.6 1108.7 14FL113092405EquityinvestmentinGSEs(1) 444.4 1047.9 13FL113076005Insurancereceivables 12FL113090005Miscellaneousassets 338.6 11FL113070003Tradereceivables 317.5 10FL113066003Consumercredit 9FL113065005Mortgages 8FL114023005Loans 7LM113062003Municipalsecurities 6LM113061003Treasurysecurities 5LM114022005Debtsecurities 4FL113034003Moneymarketfundshares 3FL113030003Timeandsavingsdeposits 2FL113020005Checkabledepositsandcurrency 1FL114090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.104 NonfinancialNoncorporateBusiness (1) EquityintheFarmCreditSystem. 0821 002019 2020 2019 2018 79514. 92312. 81216. 83011. 92325 1912.3 1913.0 1893.0 1868.7 1841.2 21 4620.6 1820.0 4567.1 1912.3 18 4514.1 1841.2 6574.0 4459.7 1759.5 17 6583.9 4398.5 9331.9 6499.6 4334.0 9332.4 16 6267.0 3571.1 4620.6 9213.7 6115.1 3575.6 4398.5 8977.7 6037.7 3548.1 4150.7 8796.0 12 6574.0 3497.5 3816.1 8712.7 6115.1 3458.6 3861.7 9331.9 5834.4 3409.2 3751.8 8796.0 3571.1 3642.4 8406.6 3458.6 3600.4 3266.7 3548.0 3816.1 3600.4 3398.2 1 6699.3 6733.6 6638.2 6390.8 6192.3 6102.5 6699.3 6192.3 5845.6 5. 6. 7. 6. 6. 7. 8. 7. 7. 23 170.6 22 638.3 170.7 629.8 188.1 602.0 170.5 645.4 164.4 643.2 162.1 635.4 170.6 638.3 164.4 13 643.2 148.3 155.6 598.6 11 142.6 952.6 137.0 942.0 132.3 926.4 129.0 912.9 126.1 902.0 148.3 889.2 129.0 952.6 119.0 902.0 852.6 905. 445. 185. 365. 449 8 54.4 54.4 54.4 6 54.4 5 80.3 53.6 86.7 53.6 80.3 52.7 86.7 52.7 81.1 51.8 87.6 51.8 79.0 51.1 85.3 51.1 74.3 54.4 80.2 54.4 73.2 51.8 79.1 51.8 80.3 49.0 86.7 49.0 74.3 80.2 70.2 75.8 . . 360000005. 3. 3615 83.6 130.5 10 53.9 0.0 0.0 0.0 7 6.4 0.0 0.0 6.4 0.0 0.0 6.5 83.6 0.0 0.0 6.3 0.0 0.0 5.9 0.0 5.9 0.0 6.4 0.0 5.9 5.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 81

Levels Levels 1 F33643 utfml eieta otae ...... 31 0.0 0.0 36 7324.4 37 33604.6 7264.8 0.0 33317.8 32700.1 7162.3 30021.7 5562.7 0.0 28943.1 28643.6 5424.8 33604.6 5359.8 0.0 28943.1 28071.4 7324.4 5424.8 0.0 5116.1 0.0 0.0 0.0 37FL374190005Totalliabilities(consolidated)(2) 36FL374090005Totalfinancialassets(consolidated)(2) Memo: 16 417.8 35FL363190005Miscellaneousliabilities 34FL313140003Insurancereserves 406.9 33FL363170005Tradepayables 341.3 32FL363169005Otherloansandadvances 227.5 12 31FL313165403Multifamilyresidentialmortgages 245.7 30FL364123005Loans 231.0 240.7 227.3 29FL213162005Municipalsecurities 247.3 28FL313161705Budgetagencysecurities 10 417.8 536.9 27FL313161105Treasurysecurities 223.0 26FL364122005Debtsecurities 231.0 524.4 6 225.8 4 221.0 25FL313112003Treasurycurrency 183.5 524.8 414.6 224.6 24FL713014003SDRcertificates 179.5 541.8 435.7 23LM313111303SDRallocations 245.7 174.9 536.2 431.8 22FL364190005Totalliabilities 3 225.8 162.0 1961.9 533.4 432.3 209.1 21FL363090005Miscellaneousassets 1963.0 164.2 536.9 425.5 20FL363078005Taxesreceivable 1892.7 19FL363070005Tradereceivables 163.3 536.2 412.8 661.3 18LM213064203Mutualfundshares 183.5 513.4 414.6 546.3 17LM363064105Corporateequities 164.2 425.5 514.6 16FL313069005Otherloansandadvances 164.9 405.4 1961.9 15FL313066220Consumercredit 14FL363065005Mortgages 546.3 13FL364023005Loans 538.8 12FL363063005Corporateandforeignbonds 11FL213062003Municipalsecurities 10FL363061705Agency-andGSE-backedsecurities 9FL213061105Treasurysecurities 8FL213069103Openmarketpaper 7FL364022005Debtsecurities 6FL212051003Securityrepurchaseagreements 5FL213034003Moneymarketfundshares 4FL363030005Timeandsavingsdeposits 3FL363020005Checkabledepositsandcurrency 2FL313011005U.S.officialreserveassets 1FL364090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.105 GeneralGovernment(1) 82 (2) ExcludesTreasurysecuritiesandmunicipalheldbystatelocalgovernments(lines911)federalgovernmentloansto(line32). (1) Sumofthefederalgovernmentandstatelocalgovernmentssectors.

Z.1, March11,2021 74. 91. 30. 87. 91. 91. 27. 20. 30. 27 23600.9 26 22900.4 26785.6 22370.7 26057.6 19518.4 25493.9 19018.7 22620.7 18571.7 22115.2 23600.9 21634.4 19018.7 26785.6 22 17842.1 22115.2 34730.8 20931.2 34414.4 33756.4 30959.6 29833.0 29505.7 34730.8 29833.0 28879.0 0821 002019 2020 2019 2018 44660. 22666. 10661. 65960. 22635 6282.6 33 6709.4 1509.8 6645.9 1495.3 6710.8 1466.3 6100.6 1462.6 6265.4 1450.9 29 6282.6 3164.6 1433.3 6100.6 3137.0 1509.8 6414.6 3102.2 1450.9 3081.1 1384.0 3075.3 3041.3 3164.6 3075.3 3066.1 15 1383.0 13 1379.4 2190.8 1355.8 2172.6 1350.6 2081.1 1319.2 1957.5 1311.0 1931.5 1383.0 7 1917.9 1319.2 1973.6 2190.8 1236.3 1925.1 1931.5 1890.0 1839.1 1758.4 1708.7 1676.7 1 1973.6 8450.6 1708.7 8361.5 1588.3 8218.6 6500.6 6314.7 6221.9 8450.6 6314.7 5923.6 1. 4. 7. 6. 4. 4. 6. 6. 7. 21 373.3 20 536.0 19 368.7 334.5 546.8 363.9 326.6 17 650.3 249.2 234.6 311.9 595.9 248.3 210.1 310.3 555.0 14 263.7 196.8 313.1 389.9 558.0 373.3 168.5 314.0 386.3 536.0 248.3 206.3 334.5 384.0 555.0 311.2 193.5 313.1 379.4 409.8 234.6 305.6 9 381.3 206.3 1085.3 379.6 1056.6 170.9 389.9 1017.1 900.2 381.3 852.1 381.8 824.6 1085.3 852.1 770.7 135. 245. 225. 205. 2434 52.4 52.4 32 22.1 52.0 30 22.1 21.8 52.0 21.8 21.4 28 20.2 52.2 21.4 36.9 20.2 52.1 36.9 25 36.9 23.1 21.0 52.4 23 36.9 43.9 50.0 23.1 21.2 52.2 43.9 22.1 49.7 23.2 21.2 51.3 22.1 36.9 48.6 23.2 21.5 36.9 20.1 48.2 23.2 20.2 20.1 18 48.8 23.2 21.2 104.4 48.1 23.1 94.6 22.9 50.0 23.2 89.2 48.8 23.7 77.2 11 49.1 91.5 18.7 86.6 8 18.3 87.0 104.4 17.8 85.2 91.5 5 16.5 31.7 83.0 75.9 16.7 32.2 76.9 16.6 2 33.9 77.9 111.7 18.7 31.7 106.5 77.5 16.7 102.2 26.5 87.0 16.8 96.4 24.5 77.9 97.8 31.7 78.2 96.2 26.5 111.7 19.8 97.8 93.9 ...... 24 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F33643 utfml eieta otae ...... 26 0.0 0.0 31 1563.4 0.0 1629.7 1646.2 0.0 1616.1 1585.8 0.0 1661.9 1563.4 0.0 1585.8 1622.1 0.0 21 23600.9 0.0 22900.4 22370.7 19518.4 0.0 19018.7 18571.7 23600.9 33FL313190015Other 19018.7 7 32FL313172003PPPsubsidiespayable 17842.1 31FL343073045Claimsofpensionfundonsponsor 0.5 30FL313190005Miscellaneousliabilities 9 6 0.5 29FL313140003Insurancereserves 417.8 0.0 28FL313170005Tradepayables 0.5 406.9 27FL313169003Otherloansandadvances 0.0 341.3 26FL313165403Multifamilyresidentialmortgages 0.5 25FL314123005Loans 227.5 0.0 0.5 24FL313161705Budgetagencysecurities 231.0 0.0 23FL313161305Nonmarketable 227.3 22FL313161205Marketable 0.5 21FL313161105Treasurysecurities(3) 417.8 0.0 20FL314122005Debtsecurities 3 0.5 231.0 1732.0 0.0 19FL313112003Treasurycurrency 1784.9 221.0 18FL713014003SDRcertificates 0.5 1725.4 17LM313111303SDRallocations 0.0 518.9 0.5 16FL314190005Totalliabilities 407.2 0.0 15FL313090005Miscellaneousassets 386.0 14FL313078000Taxesreceivable 0.0 1732.0 13FL313070000Tradereceivables 407.2 12LM313064105Corporateequities(2) 405.9 11FL313066220Consumercredit(1) 10FL313065005Mortgages 9FL313069005Otherloansandadvances 8FL314023005Loans 7FL313063763Corporateandforeignbonds 6FL313061703Agency-andGSE-backedsecurities 5FL314022005Debtsecurities 4FL313030003Timeandsavingsdeposits 3FL313020005Checkabledepositsandcurrency 2FL313011005U.S.officialreserveassets 1FL314090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.106 FederalGovernment (3) IncludesmarketableandnonmarketableTreasurysecuritiesheldbythepublicfederalgovernmentemployeeretirementfunds. (2) CorporateequitiespurchasedfromfinancialbusinessesundertheTroubledAssetReliefProgram(TARP)andGSEsatmarketprice. thegovernmentpurchasedfromdepositoryinstitutionsandfinancecompanies. (1) IncludesloansoriginatedbytheDepartmentofEducationunderFederalDirectLoanProgram,aswellFamilyProgramthat 56. 62. 04. 60. 62. 71. 96. 04. 04. 22 20946.2 20340.2 20 19867.0 23621.1 17115.8 22920.6 16628.9 22391.7 16303.7 19539.6 20946.2 19039.9 16628.9 18593.1 15566.2 23621.1 16 19039.9 26401.1 17865.0 25779.0 25025.3 22012.4 21485.9 21100.1 26401.1 21485.9 20299.5 0821 002019 2020 2019 2018 92910. 20116. 91012. 14022. 20130 2240.1 2320.7 2114.0 1929.6 1901.0 1960.5 2240.1 1901.0 23 1922.9 2654.7 2560.2 2503.6 2402.6 2389.8 2268.0 2654.7 2389.8 2275.9 11 1383.0 1379.4 8 1355.8 1928.0 1350.6 1912.1 1319.2 1823.8 1311.0 1703.4 1383.0 1674.0 1319.2 1661.8 1236.3 1928.0 1674.0 1 1580.5 4581.6 4618.6 4549.7 3057.9 2881.0 2853.4 4581.6 2881.0 2640.0 0. 1. 2. 9. 1. 1. 1. 1. 2. 33 323.6 310.8 310.7 313.4 28 409.3 315.2 407.3 298.6 390.6 323.6 398.9 315.2 399.8 300.9 394.7 409.3 399.8 382.3 15 337.1 14 350.9 335.9 361.7 333.8 447.8 218.7 411.0 10 215.7 127.2 376.2 215.2 125.7 381.5 337.1 126.7 350.9 215.7 125.3 376.2 208.7 123.8 239.8 123.5 127.2 123.8 123.2 135. 245. 225. 205. 2429 52.4 52.4 52.0 52.0 24 20.2 52.2 20.2 52.1 21.0 19 52.4 23.1 21.2 17 52.2 50.0 23.1 21.2 51.3 49.7 23.2 21.5 48.6 23.2 20.2 13 87.2 48.2 23.2 21.2 12 33.2 82.2 48.8 23.2 22.9 33.2 81.1 48.1 23.1 33.2 73.9 50.0 23.2 33.2 74.1 48.8 23.7 33.2 76.4 49.1 33.2 87.2 33.2 74.1 2 33.2 75.4 111.7 106.5 33.2 102.2 96.4 97.8 96.2 111.7 97.8 93.9 . . 5. . . . 5. 8. 5. 32 353.0 380.3 157.1 27 0.0 0.0 25 0.0 0.0 0.0 0.0 0.0 0.0 0.0 353.0 15.7 18 0.0 5.2 15.7 15.8 0.0 15.8 23.1 5.2 23.1 0.0 5.2 0.0 15.8 5.2 15.8 0.0 5.2 0.0 5.2 5.2 5 5.2 0.5 4 5.2 1.0 0.5 1.6 0.5 2.1 0.5 1.9 0.5 2.3 0.5 2.6 0.5 1.0 0.5 2.3 0.5 2.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 83

Levels Levels 2 F23623 on US oenetlas 012. 212. 112. 142. 2122 22.1 21.8 21.4 24 21.2 4042.5 4388.7 21.1 4531.8 20.8 4781.2 4199.5 22.1 19 4304.8 3164.6 4042.5 21.1 3137.0 4199.5 3102.2 20.1 4491.6 3081.1 3075.3 11 3041.3 245.2 3164.6 240.2 3075.3 3066.1 9 246.8 536.9 222.5 24FL223073045Claimsofpensionfundonsponsor(2) 524.4 5 23FL213170003Tradepayables 225.3 183.5 3 524.8 224.1 22FL213169203Loans(U.S.governmentloans) 413.6 179.5 541.8 245.2 434.1 21FL213162200Long-term 2 174.9 536.2 20FL213162400Short-term(1) 225.3 229.9 429.7 19FL213162005Debtsecurities(municipalsecurities) 162.0 533.4 208.6 178.1 430.3 164.2 536.9 18FL214190005Totalliabilities 167.3 423.2 163.3 536.2 17FL213093003Miscellaneousassets 142.3 410.2 16FL213078005Taxesreceivable 183.5 513.4 15FL213070003Tradereceivables 139.1 413.6 164.2 128.6 423.2 14LM213064203Mutualfundshares 164.9 13LM213064103Corporateequities 229.9 403.4 12FL213065005Loans(mortgages) 139.1 132.9 11LM213063003Corporateandforeignbonds 10LM213062003Municipalsecurities 9LM213061703Agency-andGSE-backedsecurities 8LM213061105Treasurysecurities 7FL213069103Openmarketpaper 6LM214022005Debtsecurities 5FL212051003Securityrepurchaseagreements 4FL213034003Moneymarketfundshares 3FL213030000Timeandsavingsdeposits 2FL213020005Checkabledepositsandcurrency 1FL214090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.107 StateandLocalGovernments 84 (2) Includedinmiscellaneousliabilities. (1) Debtwithoriginalmaturityof13monthsorless.

Z.1, March11,2021 0821 002019 2020 2019 2018 01715. 10513. 01116. 05718. 10523 1100.5 1087.9 1075.7 21 1063.7 3117.8 1051.1 3092.2 1038.6 3061.1 18 1100.5 3038.1 8329.7 1051.1 3030.5 8635.5 1001.7 3001.2 8731.1 3117.8 8947.2 3030.5 8347.1 3028.1 8405.6 8329.7 8347.1 8579.5 6 1973.1 1924.6 1889.5 1757.9 1708.2 1676.2 1 1973.1 3869.0 1708.2 3742.9 1587.8 3668.8 3442.8 3433.7 3368.4 3869.0 3433.7 3283.7 0. 263. 853. 053. 283. 17 36.2 32.8 16 30.1 185.0 15 247.4 185.1 30.5 244.4 13 202.6 32.6 201.4 230.8 184.9 12 176.9 236.4 262.8 48.5 178.8 163.6 239.0 260.6 36.2 176.5 135.4 237.6 257.3 185.0 32.6 173.2 247.4 254.1 8 178.8 102.5 160.4 239.0 257.5 1085.3 170.0 1056.6 201.4 230.2 256.1 1017.1 173.2 262.8 900.2 137.7 257.5 852.1 258.6 824.6 1085.3 852.1 770.7 804. 684. 484. 114. 6820 46.8 44.8 41.1 43.0 44.8 14 104.4 40.1 94.6 46.8 89.2 10 44.8 18.7 77.2 38.0 7 18.3 91.5 87.0 17.8 86.6 85.2 4 16.5 104.4 31.7 83.0 16.7 91.5 32.2 76.9 16.6 75.9 33.9 77.9 18.7 31.7 77.5 16.7 26.5 87.0 16.8 24.5 77.9 31.7 78.2 26.5 19.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 L62903 qiyi ocroaebsns 828. 038. 358. 858. 0351 90.3 87.1 88.5 84.8 83.5 80.6 50 12436.4 90.3 10574.2 10020.8 48 83.5 8654.8 1443.6 11488.5 1263.3 78.2 10725.2 1184.1 12436.4 11488.5 997.0 9272.1 1221.1 1229.3 40 41 1443.6 382.4 1317.8 1221.1 1344.5 346.8 1059.1 1453.5 352.3 1722.3 38 419.9 1420.7 5170.6 51LM662090003Equityinnoncorporatebusiness 1445.7 5131.1 309.7 50LM793164105Marketvalueofcorporateequities 1317.8 5176.4 309.2 37 1420.7 Memo: 5072.5 33 10094.1 382.4 1490.2 4336.0 4910.4 34 9846.0 49FL793190005Miscellaneousliabilities 2957.6 4410.1 4907.7 9722.7 309.7 2889.2 4635.9 5170.6 9747.9 48LM793192005ForeigndirectinvestmentinU.S. 311.0 31 2858.0 4338.0 4910.4 47FL793178005Taxespayable 32 9408.3 9129.6 3461.0 13682.2 3634.3 4762.1 9321.8 7919.7 14210.1 46FL583150005Pensionentitlements 3205.7 3442.5 14169.2 10094.1 7662.1 45FL543140005Lifeinsurancereserves 3287.6 13498.2 9408.3 4336.0 5759.1 44FL793170005Tradepayables 12884.0 2957.6 9089.6 3634.3 12682.8 4845.1 27 13682.2 3205.7 43LM653164205Mutualfundshares 3038.3 4670.4 1200.9 12884.0 2980.9 12200.5 9129.6 1051.0 42FL123165005Mortgages 4845.1 1004.1 41FL793169005Otherloansandadvances 40FL793168005Depositoryinstitutionloansn.e.c. 4583.7 876.3 39FL794123005Loans 1135.5 38FL793163005Corporateandforeignbonds 1065.4 37FL423161705Agency-andGSE-backedsecurities 1200.9 36FL793169175Openmarketpaper 19 1135.5 35FL794122005Debtsecurities 2172.4 937.1 2096.8 34FL792150005Federalfundsandsecurityrepos 2121.0 33FL634090005Moneymarketfundshares 18 2453.7 4223.1 32FL703130005Timeandsavingsdeposits 31FL793120005Checkabledepositsandcurrency 2226.4 4282.4 16 10289.7 2233.8 4494.7 9987.7 30FL794110005Netinterbankliabilities 9 2172.4 4463.0 9660.1 8 722.4 2226.4 3818.7 14 29FL794190005Totalliabilities 237.0 8622.2 8418.1 733.4 2241.1 3783.7 9007.5 8155.9 285.1 28FL793090005Miscellaneousassets 7 4223.1 763.6 8973.1 7957.8 10 650.5 3818.7 334.4 27LM793092005U.S.directinvestmentabroad 10289.7 3579.0 719.5 7620.3 3675.7 9007.5 26FL543050005Pensionentitlements 563.8 349.1 3467.8 7207.7 25FL793040005Lifeinsurancereserves 605.9 7875.4 3477.2 629.0 7204.0 356.7 24FL793070005Tradereceivables 584.4 4157.8 8418.1 768.0 350.1 23LM793064205Mutualfundshares 3882.8 722.4 7207.7 22LM793064105Corporateequities 459.4 237.0 3889.8 6831.9 605.9 3579.0 445.7 356.7 21FL793066005Consumercredit 538.2 3882.8 20FL793065005Mortgages 650.5 296.7 3301.2 19FL793069005Otherloansandadvances 18FL793068005Depositoryinstitutionloansn.e.c. 459.4 17FL794023005Loans 398.9 16FL793063005Corporateandforeignbonds 15FL793062005Municipalsecurities 14FL793061705Agency-andGSE-backedsecurities 13FL793061105Treasurysecurities 12FL793069175Openmarketpaper 11FL794022005Debtsecurities 10FL792050005Federalfundsandsecurityrepos 9FL793034005Moneymarketfundshares 8FL793030005Timeandsavingsdeposits 7FL793020005Checkabledepositsandcurrency 6FL794010005Netinterbankassets 5FL633091003Foreigndeposits 4FL713012003Treasurycurrency 3FL713014003SDRcertificates 2FL713011005U.S.officialreserveassets 1FL794090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.108 DomesticFinancialSectors(1) (1) SumoffinancialsectorsshownontablesL.109 throughL.132. 57. 77. 91. 79. 77. 63. 76. 89. 91. 46 29615.3 28495.2 27869.1 26638.6 43 27879.1 19562.6 27299.7 17749.3 29615.3 16776.1 27879.1 14543.1 25872.3 17659.5 16694.7 19562.6 17659.5 14669.8 35 15647.0 15355.9 15302.2 15242.4 14716.6 14631.9 15647.0 14716.6 14282.8 28 17091.6 29 17432.5 113299.1 108862.1 17953.9 107201.4 101183.7 18335.3 100712.9 98411.8 16345.3 113299.1 16573.5 100712.9 92883.7 17091.6 16345.3 16242.6 22 26250.6 23050.6 21403.4 20 18114.5 16222.2 23036.7 15998.3 21392.6 15773.2 26250.6 17 15631.0 23036.7 25351.7 15493.6 18823.3 25071.2 15348.1 25058.5 16222.2 25272.2 15493.6 24332.9 14914.2 24104.8 25351.7 24332.9 11 23522.0 35872.9 34965.0 34028.0 30139.3 28694.6 28191.1 35872.9 28694.6 26184.0 1 122077.4 116910.0 114741.8 107744.5 107914.4 105268.9 122077.4 107914.4 98483.9 0821 002019 2020 2019 2018 83081. 07586. 41288. 81882. 07549 9027.5 8923.6 8881.8 8686.5 8411.2 45 2225.7 8368.6 2166.9 9027.5 2134.4 8411.2 2106.3 7883.0 2122.4 2106.6 39 2225.7 1925.1 2122.4 1916.4 2035.2 2029.0 2367.5 1954.7 1975.2 1925.1 1954.7 2027.4 30 3257.9 3076.9 3208.8 3061.1 1711.6 1560.4 3257.9 1711.6 1810.9 23 6794.7 6218.9 21 5960.0 2734.0 5195.4 2693.7 6302.9 2669.6 6052.5 2724.4 6794.7 2794.2 6302.9 2739.2 15 5518.0 2224.4 2734.0 2170.2 2794.2 2124.1 2691.0 13 2057.4 14432.0 14163.9 2105.7 13744.2 2074.5 11196.0 9781.6 2224.4 9320.8 2105.7 14432.0 6 1977.8 9781.6 3138.2 8867.9 2898.6 2961.7 2649.3 1631.7 1496.9 3138.2 1631.7 1637.3 5. 7. 5. 6. 7. 6. 6. 6. 5. 47 158.0 161.9 44 168.5 331.2 162.3 323.5 172.4 42 322.3 224.9 166.7 322.4 225.1 158.0 295.2 223.1 172.4 295.2 225.2 159.5 331.2 36 224.3 382.3 295.2 220.3 378.7 280.0 224.9 403.1 224.3 422.0 226.2 397.9 402.4 382.3 397.9 431.2 26 211.0 25 520.3 24 208.9 367.2 514.2 206.8 360.5 508.8 207.8 363.2 508.0 199.5 361.4 500.9 198.2 335.2 497.4 211.0 336.1 520.3 199.5 367.2 500.9 191.4 335.2 483.5 321.5 12 508.8 487.3 541.7 643.4 592.1 618.8 508.8 592.1 630.9 985. 055. 015. 035. 054 50.5 2 33.1 50.4 32.3 50.3 31.6 50.2 31.4 50.1 31.6 50.0 31.3 50.5 33.1 50.1 31.6 49.8 31.8 ...... 5 0.7 3 5.2 0.9 5.2 2.1 5.2 3.8 5.2 7.4 5.2 3.9 5.2 0.7 5.2 7.4 5.2 1.5 5.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 85

Levels Levels 4 F33923 rauycnrbtost MF00001500000015151544 1.5 45 32.4 1.5 49 32.4 47 2115.6 7076.2 2053.8 1.5 32.0 6759.3 1977.8 6433.2 32.0 1500.6 0.0 4921.6 1449.6 3851.3 31.7 41 1510.4 0.0 3697.3 9.7 40 2115.6 32.5 216.1 7076.2 1449.6 0.0 3851.3 0.9 205.2 32.4 1686.3 3988.7 39 233.0 1.5 1989.9 1.0 31.7 37 1942.5 569.1 156.9 36 0.0 1878.1 32.3 48.4 284.9 336.6 144.8 35 1779.7 0.0 64.1 26.6 313.4 0.0 132.6 1724.2 1692.1 32 216.1 159.3 7.1 0.0 43.1 34 1728.6 1989.9 1728.6 30 336.6 61.2 1781.7 99.3 49FL713061765Agency-andGSE-backedsecurities 1724.2 121.1 1781.7 9.7 0.0 48FL713061163Treasurysecurities 1722.1 304.0 1637.2 1722.0 65.5 47FL714022065Amortizedcostofdebtsecurities 90.0 12.5 515.6 515.3 64.1 0.0 31 404.0 Memo: 156.9 92.0 8.5 26 3945.6 403.9 23 17.9 41.8 40.7 22 3914.6 382.7 61.2 0.0 29 46FL713193005Other 99.0 382.5 9.4 48.4 2994.9 3792.1 45FL713164003FederalReserveBankstock 23.9 1728.6 20.0 62.3 1728.6 2743.2 2593.2 44FL313094213TreasurycontributionstoMMLF 83.4 0.0 404.0 12.5 8.3 403.9 2787.0 43FL713190005Miscellaneousliabilities 226.9 2207.3 15.1 402.4 70.3 2474.3 2154.0 402.1 10.5 0.0 357.7 42FL712151115Other(13) 3.7 1548.8 0.0 3945.6 41FL712151103Reverserepurchaseagreementoperations(12) 99.3 3.7 1427.3 2207.3 40FL712151003Securityrepurchaseagreements 0.0 19 0.0 2994.9 52.2 0.0 2117.6 18 83.4 1.0 39FL713125005Currencyoutsidebanks 3.6 1548.8 0.0 31.7 0.0 1556.0 82.0 0.0 38FL713122605Duetorestoftheworld 17.9 3.6 37FL713129005Duetootherfinancialbusiness(11) 30.9 0.0 36FL713124005Duetogovernment-sponsoredenterprises 40.7 3.7 35FL713123043Treasurytemporarysupplementaryfinancingaccount 3.6 58.7 34FL713123030Treasurygeneraldepositaccount 9.4 0.0 8 17 4.2 33FL713123023Treasurycashholdings 0.0 3.6 10 2144.2 2.0 32FL713123005Duetofederalgovernment 15 0.0 0.0 0.0 4891.5 2104.2 0.0 3.3 31FL713120005Checkabledepositsandcurrency 4730.0 2036.2 16 3.9 0.0 0.0 2147.8 4481.9 1551.9 30FL703025005Vaultcashofdepositoryinstitutions 52.2 2107.8 3.4 3431.5 1467.8 11.8 29FL713113003Depositoryinstitutionreserves 58.0 2039.9 2372.3 1528.1 0.0 1555.5 27.5 3.6 2360.5 28FL714190005Totalliabilities 2144.2 262.7 1471.1 4891.5 1467.8 0.0 0.0 27FL713093005Other 255.6 1531.5 3.3 2372.3 1641.4 26FL713091103Nonofficialforeigncurrencies(10) 2147.8 2338.0 202.5 25FL713090005Miscellaneousassets 0.0 1471.1 3.2 24FL713064103Corporateequities(9) 0.0 1644.6 2.0 23FL713068505Otherfinancialbusiness(8) 255.6 22FL713068863Financecompanies(PPPLF)(4) 21FL713068665Brokersanddealers(7) 0.0 0.0 20FL713068813Households(TALFI)(6) 19FL713068005Loans(depositoryinstitutionloansn.e.c.) 0.0 18LM713061703Otheragency-andGSE-backedsecurities 17LM713061903Mortgage-backedsecurities 16LM713061705Agency-andGSE-backedsecurities 15LM713061125OtherTreasurysecurities 14LM713061113Treasurybills 13LM713061103Treasurysecurities 12FL713069603Openmarketpaper 11LM714022005Debtsecurities(5) 10FL712051000Securityrepurchaseagreements 9FL713068725PPPLFloans(4) 8FL763069143AMLFandMMLFloans(3) 7FL713068703Discountwindow(2) 6FL713068705Interbankloans 5FL713022003FederalReservefloat 4FL713012003Treasurycurrency 3FL713014003SDRcertificates 2FL713011005U.S.officialreserveassets 1FL714090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.109 MonetaryAuthority(1) 86 (13) Includesreverserepurchase agreementsconductedthroughtheFederal Reserve’sForeignRepoPool. (12) Reverserepurchase agreements(RRPs)conductedaspartoftheFederal Reserve’sOvernightRRPOperationalExercise (beginning2013:Q3)andtermRRPoperations (beginning2014:Q4). (11) Depositsofdesignatedfinancialmarketutilities (DFMU)anddepositsofFederalReservefacilityLLC’sspecialpurposevehicles. (10) Reciprocalcurrencyarrangements(swaplines) withforeigncentralbanks. CompanyLtd(AIA)andAmericanLifeInsurance Company(ALICO),twolifeinsurancesubsidiariesofAIG.Seriesiszeroafter2010:Q4. (9) PreferredinterestsinAIAAuroraLLCandALICO HoldingsLLC,twolimitedliabilitycompaniescreatedtoholdalltheoutstandingcommon stockofAmericanInternationalAssuance (8) LoansextendedtoFederalReservefunding,credit, andliquidity,facilityspecialpurposevehiclescreatedinresponsetothe2008FinancialCrisis andCOVID-19pandemic. (7) LoansextendedthroughtheFederalReserve’s PrimaryDealerCreditFacility(PDCF),AMLF(2008-2010),andMMLF(2020). (6) Loansextendedtofinancialinstitutionssuch as domestichedgefundsthroughthe2008TermAsset-BackedSecuritiesLoanFacility(TALFI). (5) Shownatestimatedfairvalue. (4) Loansextendedtodepositoryinstitutions(line9)andfinancecompanies22)throughthe PaycheckProtectionProgramLiquidityFacility(PPPLF). MoneyMarketMutualFundLiquidityFacility(MMLF).TheAMLFwasdissolvedin2010:Q1. (3) LoansextendedtoU.S.-chartereddepositoryinstitutionsthroughtheAsset-BackedCommercial PaperMoneyMarketMutualFundLiquidityFacility(AMLF)andthe (2) LoansextendedtoU.S.-chartereddepositoryinstitutionsthroughtermauctioncredit,primary credit,secondaryandseasonalcredit. (1) AssetsandliabilitiesofFederalReserveBanksTreasurymonetaryaccountsthatsupplyor absorbbankreserves.ExcludestheaccountsofFederalReserveBoard.

Z.1, March11,2021 0821 002019 2020 2019 2018 32520. 90528. 41632. 45440. 90548 4960.5 4705.5 4455.4 3421.1 2401.6 2186.9 4960.5 2401.6 2302.5 28 7299.8 6996.3 6947.5 5786.3 4216.6 4005.3 7299.8 4216.6 4100.2 13 5217.9 5056.0 11 7365.6 4807.9 7163.7 3757.4 6847.7 2540.7 5312.9 2366.5 4011.9 5217.9 3897.9 2540.7 7365.6 2338.0 4011.9 3982.6 1 7599.5 7402.6 7364.0 6179.5 4379.1 4207.8 7599.5 4379.1 4095.9 6. 7. 0. 0. 7. 8. 3. 0. 0. 42 206.4 204.4 232.0 284.2 272.6 306.3 206.4 272.6 262.2 064. 404. 045. 354. 4043 44.0 43.2 43.5 50.8 40.4 40.3 44.0 40.4 40.6 27 31.1 25 30.1 49.0 30.6 54.0 24.7 257.5 21.7 382.4 25.4 20.6 21.6 31.1 49.0 21.7 25.4 23.1 27.3 4 50.5 2 33.1 50.4 32.3 50.3 31.6 50.2 31.4 50.1 31.6 50.0 31.3 50.5 33.1 50.1 31.6 49.8 31.8 08-. 06-. 06-. 07-. 065 -0.6 -1.3 -0.7 -0.7 -0.6 -0.7 -0.6 -0.6 -0.8 . . 0178871. 00931. 46 10.1 9.3 10.0 18.8 8.7 38 7.8 21.9 18.9 33 10.1 0.0 16.3 8.7 0.0 17.4 8.2 0.1 5.2 0.3 5.2 0.2 21.9 24 5.2 0.2 0.0 5.3 0.0 0.0 21 20 0.2 2.1 0.0 0.0 0.2 3.4 0.0 0.0 12.1 0.0 0.0 58.7 0.0 0.0 12 0.0 0.0 0.0 0.0 0.0 0.0 14 0.0 0.0 326.4 2.1 0.0 9 326.0 0.0 0.0 7 41.0 325.9 0.0 1.6 0.0 0.0 59.3 325.9 6 0.0 3.5 0.0 44.6 168.5 64.5 3 0.0 5.2 6.0 66.6 7.2 0.0 0.0 83.5 5.2 326.4 49.1 0.0 0.0 168.5 76.6 0.0 5.2 0.0 0.0 0.0 0.0 0.1 5.2 0.0 41.0 0.1 1.6 5.2 0.0 44.6 0.0 5.2 0.0 0.0 0.1 5.2 0.1 5.2 5.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F73633 osmrlae o nlddaoe()1. 311. 311. 341. 351. 36 13.5 13.5 13.3 13.4 34 13.1 92.0 31 13.1 101.0 449.1 33 2806.1 13.5 111.5 392.1 29 2760.3 300.9 122.4 368.1 13.1 2744.3 354.5 119.5 2618.7 310.5 12.4 2603.5 430.8 118.7 382.3 2574.1 25 677.9 92.0 355.3 2806.1 715.9 537.2 2603.5 449.1 119.5 719.9 2500.5 556.1 382.3 123.1 688.7 300.9 37FL703139105Uninsureddeposits(3) 317.5 788.3 537.2 36FL763066303Consumerleasesnotincludedabove(2) 717.1 24 13682.2 635.0 706.8 14210.1 19 Memo: 14169.2 313.6 715.9 13498.2 35FL703193005Other 12884.0 276.0 717.1 12682.8 34FL753194503Investmentbyotherfinancialbusinesses 13682.2 262.8 33FL763194735Investmentbyholdingcompanies 12884.0 646.7 32FL703190005Miscellaneousliabilities 12200.5 228.5 31LM753192003ForeigndirectinvestmentinU.S. 297.5 30FL763178003Taxespayable(net) 276.1 29FL703169005Loans(otherloansandadvances) 313.6 28FL763163005Corporatebonds 297.5 10 27FL703169175Openmarketpaper 686.4 250.3 26FL704122005Debtsecurities 12 715.0 4170.9 25FL702150005Federalfundsandsecurityrepos 682.2 4250.7 24FL703130005Timeandsavingsdeposits 4463.7 643.2 23FL703127005Checkabledeposits 4404.3 654.6 4 8 3818.7 22FL704110005Netinterbankliabilities 862.5 672.4 3374.6 3783.7 21FL704190005Totalliabilities 835.0 3095.6 4170.9 686.4 3 2920.8 3818.7 863.2 2994.9 20FL703090005Miscellaneousassets 654.6 2823.8 3675.7 2743.2 19LM763092000U.S.directinvestmentabroad 659.2 2634.4 611.8 2787.0 738.3 18FL763040005Lifeinsurancereserves 2635.6 2474.3 3374.6 736.0 1548.8 17LM703064205Mutualfundshares 2634.4 1427.3 16LM703064105Corporateequities 862.5 2445.5 2994.9 738.3 15FL703066005Consumercredit 1548.8 14FL703065005Mortgages 1556.0 702.0 13FL703069005Otherloansandadvances 12FL703068005Depositoryinstitutionloansn.e.c. 11FL704023005Loans 10LM703063005Corporateandforeignbonds 9LM703062005Municipalsecurities 8LM703061705Agency-andGSE-backedsecurities 7LM703061105Treasurysecurities 6FL703069175Openmarketpaper 5LM704022005Debtsecurities 4FL702050005Federalfundsandsecurityrepos 3FL713113003ReservesatFederalReserve 2FL703025005Vaultcash 1FL704090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.110 PrivateDepositoryInstitutions(1) (3) Includescheckabledeposits(line23)andtimesavings24)notinsuredbythe FederalDepositInsuranceCorporationortheNationalCreditUnionShareFund. Theleasedautomobileisanonfinancialasset. (2) Receivablesfromoperatingleases,suchasconsumerautomobilearebookedcurrent incomewhenpaymentsarereceivedandnotincludedinfinancialassets(orhouseholdliabilities). (1) U.S.-chartereddepositoryinstitutions(L.111),foreignbankingoffices(L.112),banksinU.S.-affiliated areas(L.113),andcreditunions(L.114). 05. 10. 47. 07. 10. 28. 35. 39. 47. 21 24473.9 23891.9 23856.5 22883.9 21108.2 20772.0 24473.9 21108.2 20153.7 11 12092.2 12160.1 12333.1 12301.7 11727.1 11576.4 12092.2 11727.1 11269.4 1 23453.7 22900.1 22775.0 21922.4 20051.8 19755.6 23453.7 20051.8 19194.8 0821 002019 2020 2019 2018 10160. 41360. 78475. 09181. 41337 8481.3 8111.8 8049.1 7456.8 6708.4 6505.5 8481.3 32 6708.4 3568.6 6190.1 3566.5 3604.5 3563.7 3498.1 3523.1 3568.6 3498.1 3317.0 23 5184.0 4005.2 3870.0 3166.0 2637.8 2516.4 5184.0 2637.8 2466.1 15 2180.7 14 5740.6 2142.8 5766.6 2130.7 5738.6 2193.1 5704.3 2253.4 5655.0 2199.5 5593.1 2180.7 5740.6 2253.4 5655.0 5 2151.2 5442.4 5790.4 5516.2 5229.0 4881.5 4647.3 4640.8 5790.4 4647.3 4299.9 9. 7. 7. 3. 7. 2. 4. 0. 7. 35 670.6 705.2 748.7 822.6 30 112.7 775.1 112.3 830.3 28 109.9 670.6 167.4 27 107.5 129.4 26 775.1 161.9 296.8 124.2 125.7 693.4 157.8 287.6 119.1 127.8 152.9 285.6 112.7 131.1 141.3 284.1 22 124.2 106.9 163.7 141.0 248.2 109.7 108.5 243.6 167.4 249.5 129.4 329.8 141.3 296.8 20 106.9 487.8 888.8 160.0 248.2 128.3 79.4 904.4 288.2 18 184.8 850.6 62.8 182.8 16 953.8 163.7 158.9 181.0 618.0 79.4 133.0 179.7 656.6 120.6 172.9 178.8 888.8 95.9 176.9 618.0 147.7 184.8 699.4 9 133.9 178.8 522.8 158.9 172.1 514.5 7 147.7 510.0 1204.3 109.1 1186.9 491.4 1103.5 478.3 894.3 476.6 879.3 522.8 855.8 478.3 1204.3 505.8 879.3 736.7 476. 816. 494. 575. 8117 68.1 59.5 55.7 48.8 64.9 61.2 68.1 64.9 54.7 2 99.3 90.0 92.0 99.0 83.4 70.3 99.3 83.4 82.0 ...... 13 0.0 0.0 0.0 0.0 6 2.3 0.0 4.2 0.0 12.4 0.0 28.7 0.0 0.7 0.0 0.4 2.3 0.7 0.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 87

Levels Levels 1 F73633 osmrlae o nlddaoe()1. 311. 311. 341. 351. 51 13.5 13.5 13.3 13.4 13.1 13.1 49 46 2806.1 257.7 13.5 2760.3 306.8 2744.3 13.1 2618.7 380.3 2603.5 12.4 42 615.1 2574.1 170.9 484.9 2806.1 179.0 2603.5 502.0 190.5 2500.5 257.7 191.1 41 484.9 11461.3 52FL763139105Uninsureddeposits(2) 34 167.0 12002.3 44.2 577.3 11958.3 180.3 51FL763066303Consumerleasesnotincludedabove(1) 11428.8 66.1 10804.8 170.9 10671.8 Memo: 11461.3 83.0 167.0 10804.8 50FL763193005Other 10293.9 143.1 76.6 49FL763194735Investmentbyholdingcompanies 48FL763190005Miscellaneousliabilities 0.0 29 47FL763178003Taxespayable(net) 313.6 0.1 46FL763169305Loans(otherloansandadvances) 276.0 262.8 44.2 45FL763163005Corporatebonds 44FL763169175Openmarketpaper 228.5 43FL764122005Debtsecurities 0.0 297.5 42FL762150005Federalfundsandsecurityrepos 0.1 276.1 41FL763130005Timeandsavingsdeposits 313.6 40FL763122605Restoftheworld 39FL763129205Privatedomestic 297.5 38FL763123005Federalgovernment 250.3 37FL763127005Checkabledeposits 22 3361.6 17 16 2.9 36FL764116005Toforeignbanks 3426.5 4.6 15 19 35FL764112005Todomesticbanks 3575.9 18 504.7 42.6 34FL713068715BorrowingfromFederalReservebanks 39.0 2.9 3459.0 5.1 33FL713022003FederalReservefloat 533.8 42.7 3026.7 32FL764110005Netinterbankliabilities 39.9 498.2 2.7 3008.8 5.6 44.0 31FL764190005Totalliabilities 3361.6 39.9 453.3 2.6 3026.7 43.1 5.7 30FL763090005Miscellaneousassets 499.5 36.5 2927.8 502.0 2.7 42.3 29LM763092000U.S.directinvestmentabroad 12 5.3 34.6 11 238.9 28FL763040005Lifeinsurancereserves 547.8 504.7 10 42.6 2.3 227.8 34.9 201.9 4.4 27LM763064203Mutualfundshares 499.8 499.5 4 8 26LM763064105Corporateequities 42.6 210.4 538.3 184.2 39.0 478.1 451.6 2.9 3061.0 3 4.6 197.0 9 25FL763066000Consumercredit 498.1 2189.8 2804.6 174.0 42.3 448.8 34.6 24FL763065005Mortgages 1943.3 1918.0 2.7 2650.3 178.1 560.3 161.1 5.3 23FL763069703Otherloansandadvances 427.9 39.0 1774.0 1967.1 2582.8 32.5 22FL763068005Depositoryinstitutionloansn.e.c. 173.1 331.3 149.1 1678.3 429.2 1476.5 2408.2 2.0 21FL764023005Loans 3.6 238.9 1663.8 907.3 358.5 2411.1 146.3 547.8 20LM763063095Other 1532.2 3061.0 178.1 838.2 332.3 201.9 19LM763063693Priv.commercialCMOsandotherstructuredMBS 427.9 1531.9 2408.2 18LM763063663Priv.residentialCMOsandotherstructuredMBS 153.5 2189.8 538.3 149.1 1943.3 417.6 2239.3 17LM763063653Priv.commercialmortgagepass-throughsecurities 907.3 1532.2 358.5 123.7 16LM763063673Priv.residentialmortgagepass-throughsecurities 15LM763063005Corporateandforeignbonds 1394.9 888.4 382.8 14LM763062000Municipalsecurities 13LM763061795Other 12LM763061403CommercialCMOsandotherstructuredMBS 11LM763061603ResidentialCMOsandotherstructuredMBS 10LM763061503Commercialmortgagepass-throughsecurities 9LM763061803Residentialmortgagepass-throughsecurities 8LM763061705Agency-andGSE-backedsecurities 7LM763061100Treasurysecurities 6FL763069175Openmarketpaper 5LM764022005Debtsecurities 4FL762050005Federalfundsandsecurityrepos 3FL763013005ReservesatFederalReserve 2FL763025000Vaultcash 1FL764090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.111 U.S.-CharteredDepositoryInstitutions 88 (2) Includescheckabledeposits(line37)andtime andsavingsdeposits(line41)notinsuredbytheFederalDepositInsuranceCorporation. Theleasedautomobileisanonfinancialasset. (1) Receivablesfromoperatingleases,suchasconsumer automobileleases,arebookedascurrentincomewhenpaymentsreceivedandnot includedinfinancialassets(orhouseholdliabilities).

Z.1, March11,2021 62. 75. 09. 71. 75. 87. 95. 98. 09. 31 20199.7 19686.2 19657.2 18579.2 17259.9 17017.4 20199.7 17259.9 16524.3 1 19413.6 18843.5 18715.1 17646.8 16332.4 16063.7 19413.6 16332.4 15633.1 0821 002019 2020 2019 2018 04758. 23552. 43862. 78961. 23552 7203.5 6814.2 6738.9 6228.4 5483.8 5329.8 48 7203.5 3353.2 5483.8 3326.2 5084.7 3344.9 3288.7 3270.0 3270.1 3353.2 3270.0 3077.7 39 4279.9 37 3169.4 4572.5 3058.6 3416.4 2407.9 3303.4 1966.2 2649.7 1856.7 2191.5 4279.9 2072.0 1966.2 4572.5 1844.7 2191.5 2053.7 25 1685.6 24 5027.1 1649.1 5056.9 1644.3 5040.3 1709.8 5020.5 1770.9 21 4987.3 10074.3 1715.9 10132.5 4939.8 1685.6 10260.6 5027.1 10189.2 1770.9 9784.9 4987.3 1682.0 9664.5 4817.7 10074.3 9784.9 9427.5 5 5124.5 4866.6 4588.3 4272.1 4083.5 4058.5 5124.5 4083.5 3760.5 7. 6. 4. 9. 6. 7. 0. 6. 4. 50 547.2 565.9 47 600.6 112.7 670.0 112.3 666.5 45 109.9 167.4 696.0 107.5 43 161.9 547.2 262.4 124.2 157.8 666.5 251.4 119.1 152.9 577.2 242.3 112.7 141.3 232.9 124.2 141.0 209.7 109.7 167.4 209.7 141.3 262.4 160.0 209.7 247.5 30 666.7 691.1 28 184.8 630.5 182.8 26 729.1 158.9 181.0 429.2 133.0 179.7 455.0 120.6 178.8 666.7 95.9 176.9 429.2 147.7 184.8 508.1 20 415.6 133.9 178.8 443.2 158.9 172.1 405.9 147.7 365.5 109.1 14 512.6 13 414.6 129.2 504.9 417.7 118.8 501.5 415.6 109.6 484.0 414.6 112.1 471.7 7 374.5 121.0 470.9 1044.1 130.6 1019.5 512.6 926.6 129.2 471.7 724.4 121.0 499.8 704.1 149.6 674.5 1044.1 704.1 569.8 756. 506. 848. 458. 5044 95.0 89.5 84.5 40 60.0 80.0 66.5 68.4 75.6 68.7 36 -31.4 97.8 95.0 32 31.7 9.0 84.5 68.4 53.3 91.7 84.7 87.5 12.2 127.7 60.0 15.3 65.4 84.5 1.8 7.7 74.4 27 -31.4 63.4 -7.6 15.3 55.4 9.0 28.4 51.9 7.7 45.6 21.5 61.6 58.0 63.4 61.6 52.1 2 99.3 90.0 91.9 99.0 83.4 70.3 99.3 83.4 82.0 61-. 32-. 70-28-. 48-. 35 -3.2 33 -0.6 -4.8 -1.3 -7.8 -0.7 -22.8 -0.7 -7.0 -0.6 -8.8 -0.7 -3.2 -0.6 -7.0 -0.6 -6.1 -0.8 ...... 38 2.7 2.4 1.9 1.7 1.6 2.0 2.7 1.6 1.8 23 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6 2.0 0.0 3.9 11.8 27.5 0.0 0.0 2.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F73953 netetb te iaca uiess1311959. 1. 1. 2. 1. 0. 2027 24 92.0 34.4 25 449.1 101.0 36.2 392.1 111.5 23 22 43.3 368.1 545.0 857.3 122.4 310.5 51.1 540.9 883.2 119.5 382.3 498.2 917.5 38.5 118.7 355.3 597.2 859.3 92.0 39.8 449.1 550.0 908.8 119.5 34.4 382.3 526.5 859.5 123.1 317.5 38.5 545.0 857.3 550.0 908.8 40.8 29FL753139105Uninsureddeposits(2) 503.6 819.8 Memo: 28FL753193005Other 12 27FL753194503Investmentbyotherfinancialbusinesses 704.7 10 26FL753190005Miscellaneousliabilities 8 153.0 716.3 60.7 25LM753192003ForeigndirectinvestmentinU.S. 154.4 777.8 56.1 157.7 24FL753169175Debtsecurities(openmarketpaper) 843.6 59.7 164.4 687.3 23FL752150005Federalfundsandsecurityrepos 3 134.7 4 680.0 59.4 602.5 22FL753130005Timeandsavingsdeposits 323.7 150.0 21FL753127005Checkabledeposits 704.7 53.2 649.6 336.1 153.0 687.3 20FL754112005Todomesticbanks 644.6 52.1 302.2 19FL754116005Toforeignbanks 134.7 661.9 873.8 18FL754110005Netinterbankliabilities 327.2 60.7 149.7 554.1 379.0 17FL754190005Totalliabilities 53.2 505.7 402.9 16FL753093005Miscellaneousassets 602.5 42.9 323.7 15FL753064103Corporateequities 554.1 379.0 14FL753065005Mortgages 598.6 319.0 13FL753069703Otherloansandadvances 12FL753068005Depositoryinstitutionloansn.e.c. 11FL754023005Loans 10LM753063005Corporateandforeignbonds 9LM753062003Municipalsecurities 8LM753061703Agency-andGSE-backedsecurities 7LM753061103Treasurysecurities 6FL753069603Openmarketpaper 5LM754022005Debtsecurities 4FL752050005Federalfundsandsecurityrepos 3FL753013003ReservesatFederalReserve 2FL753025003Vaultcash 1FL754090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.112 ForeignBankingOfficesinU.S.(1) (2) Allcheckabledeposits(line21)andtimesavings22)areconsidereduninsuredaccordingtotheFederalDepositInsuranceAct. (1) Branchesandagenciesofforeignbanks,EdgeActAgreementcorporations,NewYorkinvestmentcompanies(through1996:Q2),AmericanExpressBank2008:Q4). 0821 002019 2020 2019 2018 28428. 51821. 36127. 57521. 51817 2521.8 2515.7 2547.5 2776.7 2386.1 2318.1 2521.8 2386.1 2268.4 1 2102.7 2184.6 2228.0 2573.5 2089.7 2089.6 2102.7 2089.7 2051.5 9. 07311. 03419. 08216. 12011. 29 1114.4 1142.0 26 1164.5 187.3 1098.2 212.8 1097.3 232.0 1053.4 1114.4 251.9 1097.3 205.7 997.5 21 230.3 257.1 187.3 258.8 19 205.7 184.3 18 247.1 191.8 217.9 190.1 238.9 191.7 234.4 188.5 241.5 461.2 193.9 467.7 108.3 257.1 112.3 107.9 188.5 112.9 184.3 177.8 191.8 11 108.3 785.6 112.3 178.5 797.8 191.1 7 859.8 99.8 926.4 5 109.0 767.9 313.5 117.1 760.7 319.4 116.4 785.6 334.4 121.1 767.9 340.2 132.3 739.5 309.0 99.8 334.4 121.1 313.5 125.6 309.0 318.1 488. 531158. 2. 2. 1. 5328 95.3 111.8 120.5 129.5 86.1 20 7.5 111.5 1.6 95.3 86.1 7.0 94.8 6.5 16 77.5 4.1 81.7 5.1 14 80.9 87.0 7.5 81.5 105.9 4.1 82.0 79.7 82.7 85.9 12.7 80.6 77.5 80.7 79.7 80.9 76.2 80.6 77.6 ...... 15 0.0 13 0.0 0.0 0.0 0.0 9 0.0 0.0 0.0 6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 89

Levels Levels M4030 oprt n oeg od . . 2580781. 091. 257 9 12.5 18.6 10 13.5 10.9 20.1 5 15.0 13.7 10.9 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 21.7 L.114 CreditUnions 12.2 13.4 10.9 20.0 9.1 13.0 7.8 18.1 (2) Includescheckabledeposits(line15)andtimesavings16)notinsuredbytheFederalDepositInsuranceCorporation. 13.2 7.2 15.4 (1) CommercialbanksandbranchesofU.S.-chartereddepositoryinstitutionslocatedinPuertoRico,theU.S.VirginIslands,AmericanSamoa,Guam,otherU.S.-affiliatedinsularareas. 8.0 13.4 18.6 8.0 18FL743139105Uninsureddeposits(2) 12.5 13.5 18.1 Memo: 7.8 7.8 13.2 13.1 17FL743193005Miscellaneousliabilities 15.0 0.1 16FL743130003Timeandsavingsdeposits 14.1 15FL743127003Checkabledeposits 8.0 14FL744110005Netinterbankliabilities 13FL744190005Totalliabilities 8.0 12FL743093005Miscellaneousassets 11FL743065505Commercialmortgages 10FL743065103One-to-four-familyresidentialmortgages 9FL743068005Depositoryinstitutionloansn.e.c. 8FL744023003Loans 7LM743063005Corporateandforeignbonds 6LM743062003Municipalsecurities 5LM743061703Agency-andGSE-backedsecurities 4LM743061103Treasurysecurities 3LM744022003Debtsecurities 2FL743013003ReservesatFederalReserve 1FL744090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.113 BanksinU.S.-AffiliatedAreas(1) 90 0 F42503 eea ud n euiyrps00000000000000000020 0.0 21 0.0 43.3 0.0 47.7 50.5 0.0 62.9 19 0.0 1320.9 52.3 1281.3 0.0 1250.9 54.2 1168.7 0.0 1130.6 43.3 11 1111.3 86.0 9 0.0 52.3 1320.9 16.2 87.8 1130.6 57.7 0.0 16.0 1048.3 88.3 3 12 609.7 0.5 15.5 81.7 605.2 (1) Includescheckabledeposits(line18)andtimesavings19)notinsuredby theNationalCreditUnionShareInsuranceFund. 14.6 0.8 86.6 7 593.4 23FL473139103Uninsureddeposits(1) 237.8 2 12.6 578.7 79.5 0.8 188.0 222.7 Memo: 12.3 564.5 86.0 159.7 0.8 201.8 22FL473193005Miscellaneousliabilities 549.8 16.2 162.0 86.6 21FL473169333Loans(otherloansandadvances) 174.4 609.7 0.8 20FL472150053Federalfundsandsecurityrepos 116.0 12.6 165.0 73.0 19FL473130005Timeandsavingsdeposits 564.5 83.0 18FL473127003Checkabledeposits 0.8 164.7 10.4 523.0 17FL474110005Netinterbankliabilities 76.1 237.8 0.5 16FL474190005Totalliabilities 165.0 188.0 15FL473090005Miscellaneousassets 0.8 155.3 83.0 14LM473064205Mutualfundshares 62.9 0.2 13FL473066000Consumercredit 12FL473065100One-to-four-familyresidentialmortgages 11FL473068005Depositoryinstitutionloansn.e.c. 10FL474023000Loans 9LM473063005Corporateandforeignbonds 8LM473062005Municipalsecurities 7LM473061705Agency-andGSE-backedsecurities 6LM473061105Treasurysecurities 5FL473069153Openmarketpaper 4LM474022005Debtsecurities 3FL472050053Federalfundsandsecurityrepos 2FL473013005ReservesatFederalReserve 1FL474090005Totalfinancialassets

Z.1, March11,2021 0821 002019 2020 2019 2018 29717. 61214. 35413. 53518. 61216 1651.2 1587.9 1553.5 1439.2 1375.4 1347.8 10 1651.2 1190.8 1375.4 1186.6 1279.7 1168.1 1143.6 1133.6 1112.9 1190.8 1133.6 1065.2 1 1828.3 1762.2 1724.8 1604.8 1534.2 1504.0 1828.3 1534.2 1419.1 9. 1. 9. 0. 1. 3. 6. 7. 9. 18 297.8 273.7 265.4 231.0 212.1 13 495.1 203.8 493.6 297.8 486.4 212.1 483.3 193.8 482.4 483.6 4 495.1 311.0 482.4 290.9 469.2 267.5 235.2 221.3 216.8 311.0 221.3 201.8 3. 3. 3. 4. 3. 4. 3. 3. 3. 17 -35.7 -38.2 -37.4 -43.3 -39.1 -41.0 -35.7 -39.1 -38.4 933. 403. 363. 024. 4018 44.0 43.7 40.2 16 42.7 15 56.6 34.2 43.2 56.3 33.6 11 42.5 13 9.4 54.2 12 101.1 34.6 11.6 41.3 102.1 9.4 46.4 44.0 11.5 39.8 98.3 45.7 33.6 9.6 8 10.3 40.2 88.8 41.5 46.7 29.3 9.5 12.8 42.7 86.9 43.2 56.6 17.0 39.8 9.4 88.7 4 44.6 45.7 3 13.8 21.7 38.5 101.1 41.3 9.5 42.5 40.9 15.1 11.6 86.9 39.3 40.7 9.4 17.6 17.0 81.2 38.8 38.3 1 9.4 14.7 28.5 109.1 34.0 41.5 16.6 109.9 10.0 33.6 40.7 107.0 14.0 31.1 37.1 97.3 13.8 41.3 95.6 16.6 33.6 98.2 10.2 19.5 109.1 95.6 91.2 869. 1. 779. 6015511819523 119.5 22 111.8 24.9 105.5 23.3 96.0 24.1 93.7 19.9 87.7 19.4 119.5 15 19.5 93.7 133.1 24.9 78.6 120.1 122.8 19.4 106.0 18.3 92.2 6 94.1 46.6 133.1 43.4 92.2 42.2 86.5 38.7 37.5 34.9 46.6 37.5 31.1 13-. 14-. 16-. 20-. 1414 -1.4 -1.5 -2.0 -2.0 -1.6 -1.5 -1.4 -1.6 -1.3 ...... 17 3.2 4.1 3.5 3.1 3.0 3.2 6 3.2 0.1 3.0 1.0 3.2 1.2 2 14.7 1.2 16.0 1.2 13.4 1.2 8.0 0.1 4.4 1.2 7.3 1.2 14.7 4.4 6.0 ...... 14 4.8 4.0 3.8 3.2 8 10.1 5 3.3 8.6 0.3 3.2 7.4 0.3 4.8 6.3 0.7 3.3 5.5 1.2 2.5 4.5 0.7 10.1 0.4 5.5 0.3 4.8 0.7 0.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F23705 enue rmnnUS enues5. 136. 046. 176. 476. 36 65.5 64.7 34 35 162.6 178.2 62.9 160.6 176.0 61.7 156.0 32 170.9 31.0 31 153.1 61.3 21.8 167.7 27 29.2 152.0 2.9 60.4 166.6 21.0 149.8 28.7 164.2 65.5 3.0 21.1 162.6 178.2 27.1 61.3 20.8 152.0 1.9 166.6 27.2 147.0 59.2 21 21.8 161.1 0.6 22 6.7 26.7 10.0 22.7 25 0.5 6.8 31.0 11.2 229.5 21.8 27.2 200.3 6.3 0.3 6.7 21.8 186.4 25.5 6.0 0.3 2.9 23.5 157.2 193.5 3.5 0.2 6.8 36FL263076005Reinsuredfromnon-U.S.reinsurers 35FL263176005Reinsuredtonon-U.S.reinsurers 202.4 34FL513176025ReinsuredtoU.S.reinsurers 3.4 0.2 6.0 229.5 33FL513176015Directreserve 193.5 10.0 0.6 15 32FL514090033Mortgageguarantyinsurers’totalassets(3) 192.2 31FL514090023Financialguarantyinsurers’totalassets(3) 171.9 3.5 0.2 160.7 11 30FL513200003Securitieslending(2) 24.0 143.7 3.3 0.2 Memo: 23.7 125.0 29FL513193005Other 162.6 23.8 4 10 28FL513176005Policypayables 693.8 2.3 153.5 27FL513194733Investmentbyparentcompanies 23.6 26FL513190005Miscellaneousliabilities 665.1 192.2 2.3 22.9 648.1 8 25LM513192003ForeigndirectinvestmentinU.S. 162.6 24FL513178005Taxespayable 155.9 581.4 20.9 2 2.0 140.5 23FL513170005Tradepayables 155.7 51.4 594.8 24.0 22FL513169333Loans(otherloansandadvances) 2.4 147.9 601.0 52.5 21FL512151003Securityrepurchaseagreements 22.9 153.0 693.8 2.0 59.5 20FL514190005Totalliabilities 149.7 20.5 594.8 47.0 19FL513093005Other 1.7 142.8 534.0 18FL513076005Policypayables(1) 155.9 17FL513092403EquityinFHLB 47.6 2.3 16FL513090005Miscellaneousassets 149.7 45.5 15LM513092003U.S.directinvestmentabroad 2.0 127.0 14FL513070005Tradereceivables 51.4 1.3 13LM513064205Mutualfundshares 47.6 12LM513064105Corporateequities 30.2 11FL513065505Loans(commercialmortgages) 10LM513063005Corporateandforeignbonds 9LM513062005Municipalsecurities 8LM513061705Agency-andGSE-backedsecurities 7LM513061105Treasurysecurities 6FL513069105Openmarketpaper 5LM514022005Debtsecurities 4FL512051005Securityrepurchaseagreements 3FL513034005Moneymarketfundshares 2FL513020005Checkabledepositsandcurrency 1FL514090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.115 Property-CasualtyInsuranceCompanies carryingvalue. (3) Totalnonfinancialandfinancialassetsofguarantyinsurersmortgage asreportedinstatutoryfinancialstatements,withsecuritiesatbook/adjusted (2) Liabilityforsecuritieslendingcollateral,includedinline29. (1) Policypayablesduefromreinsurers. 0821 002019 2020 2019 2018 08012. 23410. 14913. 14518. 23433 1203.4 1188.4 1154.5 1132.9 1124.9 1108.8 1203.4 1124.9 28 1088.0 1431.6 26 1413.7 1735.5 1373.3 1707.6 1347.7 1651.0 1338.2 1603.0 1319.0 1599.7 1431.6 1581.1 1338.2 1735.5 1294.2 20 1599.7 2072.1 1518.3 2015.8 1941.3 1862.1 1889.3 1877.3 2072.1 1889.3 1783.8 5 1342.5 1302.4 1268.3 1190.8 1 1192.8 2941.4 1194.3 2813.1 1342.5 2724.2 1192.8 2567.7 1118.6 2650.0 2613.7 2941.4 2650.0 2412.5 1. 5. 0. 5. 5. 4. 7. 9. 0. 29 300.9 290.9 275.8 248.7 254.6 255.4 300.9 254.6 218.1 19 197.3 18 340.8 211.5 16 336.6 538.8 209.7 326.9 548.8 218.2 14 320.8 207.6 537.1 166.3 318.6 205.8 539.3 12 181.1 523.5 314.0 204.9 485.1 197.3 463.4 340.8 199.7 495.3 166.3 430.2 318.6 192.7 9 538.8 171.3 396.1 299.7 308.1 193.6 485.1 7 493.9 292.3 207.6 185.7 479.7 457.2 287.7 192.7 182.5 523.5 281.1 186.1 178.4 493.9 285.2 168.6 392.1 289.4 153.4 299.7 152.2 285.2 185.7 291.6 153.4 156.8 321. 171. 291. 591. 1724 11.7 23 85.0 12.2 83.9 15.9 81.5 15.6 80.0 12.9 79.5 11.9 78.3 11.7 85.0 12.9 13 79.5 35.0 13.2 76.8 29.4 26.4 22.0 25.8 25.8 3 35.0 23.9 25.8 24.2 21.3 28.4 21.7 24.7 25.9 23.9 24.7 22.3 ...... 30 6.3 6.1 6.0 5.9 6.0 6.1 6.3 6.0 17 5.9 0.7 0.8 0.4 0.3 0.2 0.2 6 0.7 7.5 0.2 6.7 0.2 6.1 6.8 9.7 9.0 7.5 9.7 9.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 91

Levels Levels 3 F53705 enue rmnnUS enues2. 702. 682. 792. 802. 43 28.3 28.0 41 42 766.8 482.3 27.7 753.0 477.0 27.9 743.7 472.2 740.5 27.0 34 474.2 0.0 733.6 26.8 460.6 727.9 0.0 457.9 28.3 37 766.8 877.9 482.3 0.0 27.0 733.6 849.2 460.6 35 705.1 0.0 26.0 833.4 111.3 444.4 805.8 108.0 32 5.9 210.0 843.3 102.5 185.6 5.9 830.9 98.1 26 176.0 29.3 877.9 92.3 0.0 27 148.5 103.9 843.3 30.0 90.2 182.8 5.9 103.6 789.2 25.9 43FL543176035Reinsuredfromnon-U.S.reinsurers 178.9 111.3 108.2 42FL543076035Reinsuredtonon-U.S.reinsurers 4.8 27.1 210.0 92.3 41FL543176025ReinsuredtoU.S.reinsurers 107.7 40FL543176015Directreserve 182.8 22 88.7 17.5 86.0 19 35.6 88.7 39FL543200073Securitieslending(5) 152.3 86.1 20.8 37.7 78.3 Memo: 103.9 29.3 38.1 77.2 38FL543193005Other 88.7 17.5 37FL593095005Unallocatedinsurancecontracts 39.0 67.1 36FL543195005Otherreserves(4) 81.1 24.1 35FL673090543Fundingagreementsbackingsecurities(3) 36.5 34FL543194733Investmentbyparentcompanies 87.4 33FL543190005Miscellaneousliabilities 36.6 78.9 12 32LM543192073ForeigndirectinvestmentinU.S. 165.3 35.6 31FL543178075Taxespayable 88.7 167.7 36.5 30FL543150005Pensionentitlements(2) 87.4 4 168.5 29FL543140005Lifeinsurancereserves 8.2 35.0 28FL543170005Tradepayables 65.3 171.1 27FL543169373Loans(otherloansandadvances) 165.5 8.3 10 8 26FL542151073Securityrepurchaseagreements 3626.1 168.9 393.0 3512.3 7.4 25FL544190005Totalliabilities 165.3 392.2 3425.9 24FL543093005Other 3088.8 165.5 2 9.8 391.3 23FL543095105Otherreserves 3171.4 121.6 169.1 22FL543077073Deferredandunpaidlifeins.premiums 407.1 3147.3 6.3 127.1 21FL543092473EquityinFHLB 388.4 3626.1 20FL543090005Miscellaneousassets 137.6 3171.4 5.7 391.4 19LM543092073U.S.directinvestmentabroad 2710.9 142.4 393.0 18FL543050005Pensionentitlements 8.2 94.7 17FL543040005Lifeinsurancereserves 388.4 16FL543070005Tradereceivables 105.8 6.3 364.9 15LM543064205Mutualfundshares 121.6 14LM543064105Corporateequities 2.2 94.7 13FL543065005Mortgages 12FL543069005Otherloansandadvances 90.7 11FL544023005Loans 10LM543063005Corporateandforeignbonds 9LM543062005Municipalsecurities 8LM543061705Agency-andGSE-backedsecurities 7LM543061105Treasurysecurities 6FL543069105Openmarketpaper 5LM544022005Debtsecurities 4FL542051075Securityrepurchaseagreements 3FL543034005Moneymarketfundshares 2FL543020005Checkabledepositsandcurrency 1FL544090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.116 LifeInsuranceCompanies(1) 92 (5) Liabilityforsecuritieslendingcollateral,includedinline38. (4) Includesreservesforaccidentandhealthpolicies,policydividendaccumulation,contract claims. (3) Equaltofundingagreement-backedsecurities(FABS)issuedbydomesticissuersofasset-backed securities. (2) Annuityreservesheldbylifeinsurancecompanies,excludingunallocatedcontractspension funds,whichareshownonline37. (1) Additionaldetailonthefinancialassetsandliabilitiesheldinlifeinsurer’sgeneralseparate accountsisavailableontablesL.116.gandL.116.s.

Z.1, March11,2021 0821 002019 2020 2019 2018 14968. 03067. 54463. 51663. 03040 7063.0 6738.4 6591.6 6338.3 6584.4 6472.3 7063.0 6584.4 6114.9 33 1861.9 1851.8 1830.4 1777.3 30 1718.6 3799.0 29 2225.7 1709.3 3565.3 2166.9 1861.9 3467.6 2134.4 1718.6 3279.6 2106.3 1586.9 3486.2 2122.4 3411.1 25 8462.8 2106.6 3799.0 8134.4 2225.7 3486.2 7977.2 2122.4 3174.2 7679.4 2035.2 7824.1 7721.4 8462.8 7824.1 7247.9 15 1703.5 1552.3 1487.6 1300.6 1599.0 1533.4 1703.5 1599.0 1402.5 5 4521.0 4403.2 4300.7 3979.3 1 4018.9 9337.1 3995.9 8984.9 4521.0 8826.4 4018.9 8290.3 3502.6 8507.2 8387.4 9337.1 8507.2 7566.4 9. 5. 2. 6. 5. 4. 6. 5. 2. 38 426.8 36 455.8 445.9 462.1 438.8 445.9 432.3 350.5 427.5 362.7 426.6 426.8 419.6 28 350.5 445.9 227.7 298.2 426.6 222.9 408.7 222.9 222.3 24 199.9 562.5 201.4 577.9 227.7 20 594.3 685.4 199.9 628.9 701.8 186.3 18 529.2 211.0 17 717.6 266.5 16 538.0 208.9 751.6 124.8 263.4 562.5 206.8 648.5 122.1 14 260.8 529.2 207.8 731.8 655.8 122.8 262.3 515.8 13 199.5 642.7 685.4 124.8 638.6 257.1 11 198.2 614.0 648.5 108.0 634.5 803.9 256.4 211.0 552.6 629.8 110.1 631.2 802.2 9 266.5 199.5 644.6 124.8 628.7 220.6 799.7 257.1 7 191.4 610.9 108.0 619.2 217.9 799.8 252.2 250.4 731.8 101.5 605.4 216.1 784.7 253.3 644.6 638.6 212.0 774.2 242.2 538.0 619.2 215.0 803.9 243.9 568.1 210.7 784.7 215.3 220.6 737.2 214.3 215.0 252.2 190.0 215.3 203.7 264. 674. 474. 704. 6739 46.7 46.8 47.0 46.4 44.7 45.4 46.7 44.7 42.6 23 79.7 79.0 78.1 77.6 77.6 76.2 79.7 77.6 74.3 6 29.1 27.5 3 70.6 25.2 74.6 27.5 94.3 28.8 92.2 32.2 58.6 29.1 62.0 28.8 70.6 33.1 58.6 55.0 . . . . . 061. . . 31 5.1 8.3 11.8 10.6 8.1 7.2 21 7.6 5.1 7.3 8.1 7.0 7.7 6.0 5.2 5.0 7.6 5.2 4.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

8 L53903 Frindrc neteti ..12312820018912818516015620028 210.0 185.6 22 29.3 176.0 23 103.9 30.0 148.5 103.6 19 182.8 25.9 88.7 108.2 178.9 27.1 78.3 107.7 210.0 88.7 17.5 77.2 182.8 86.1 20.8 152.3 67.1 103.9 29.3 87.4 88.7 17.5 78.9 12 81.1 165.3 24.1 88.7 167.7 87.4 4 168.5 29FL543190075Miscellaneousliabilities 8.2 65.3 171.1 28LM543192073ForeigndirectinvestmentinU.S. 27FL543178075Taxespayable 165.5 8.3 10 8 26FL543150075Pensionentitlements(1) 3267.2 167.6 25FL543140075Lifeinsurancereserves 280.4 3163.1 7.4 24FL543170075Tradepayables 165.3 2 281.2 3092.2 91.9 23FL543169373Loans(otherloansandadvances) 2789.2 165.5 9.8 285.2 22FL542151073Securityrepurchaseagreements 2886.2 97.7 164.4 301.9 2855.1 6.3 21FL544190075Totalliabilities 289.8 3267.2 109.5 2886.2 20FL543090075Miscellaneousassets 5.7 288.7 113.1 19LM543092073U.S.directinvestmentabroad 2468.8 280.4 18FL543050075Pensionentitlements 67.6 8.2 17FL543040075Lifeinsurancereserves 289.8 16FL543070075Tradereceivables 75.7 6.3 275.2 15LM543064275Mutualfundshares 91.9 14LM543064175Corporateequities 2.2 67.6 13FL543065075Mortgages 12FL543069075Otherloansandadvances 59.4 11FL544023075Loans 10LM543063075Corporateandforeignbonds 9LM543062075Municipalsecurities 8LM543061775Agency-andGSE-backedsecurities 7LM543061175Treasurysecurities 6FL543069175Openmarketpaper 5LM544022075Debtsecurities 4FL542051075Securityrepurchaseagreements 3FL543034075Moneymarketfundshares 2FL543020075Checkabledepositsandcurrency 1FL544090075Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.116.g LifeInsuranceCompanies:GeneralAccounts M4038 oprt n oeg od 4. 8. 5. 9. 8. 9. 3. 4. 5. 9 358.9 349.2 7 112.6 333.7 2 (1) Annuityreservesheldbylifeinsurancecompanies, excludingunallocatedcontractsheldbyprivatepensionfundswhichareincludedin miscellaneous liabilities(line23). 111.1 299.6 29.8 23FL543190085Miscellaneousliabilities 106.1 285.3 29.4 22LM543150085Pensionentitlements (1) 105.2 292.3 21LM543140085Lifeinsurancereserves 28.1 20FL543170085Tradepayables 98.5 358.9 29.3 19FL544190085Totalliabilities 285.3 102.7 242.0 18FL543090085Miscellaneousassets 27.1 112.6 17FL543050085Pensionentitlements 98.5 16FL543040085Lifeinsurancereserves 30.1 15FL543070085Tradereceivables 89.7 29.8 14LM543064385Mutualfundshares 13LM543064185Corporateequities 27.1 12FL543065083Mortgages 31.3 11FL543069483Otherloansandadvances 10FL544023085Loans 9LM543063085Corporateandforeignbonds 8LM543062083Municipalsecurities 7LM543061783Agency-andGSE-backedsecurities 6LM543061183Treasurysecurities 5FL543069183Openmarketpaper 4LM544022085Debtsecurities 3FL543034385Moneymarketfundshares 2FL543020083Checkabledepositsandcurrency 1FL544090085Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.116.s LifeInsuranceCompanies:SeparateAccounts (1) Annuityreservesheldbylifeinsurancecompanies,excludingunallocatedcontractsprivatepensionfundswhichareincludedinmiscellaneousliabilities(line29). 0821 002019 2020 2019 2018 20518. 59717. 31118. 57112. 59729 1509.7 1529.5 1517.1 26 1488.3 1464.7 25 1381.1 1807.5 1456.7 1378.0 1786.8 1445.3 1509.7 1769.2 1476.0 1381.1 1779.1 1405.6 1270.5 1744.3 1402.8 21 5357.0 1739.6 1464.7 5322.1 1807.5 1405.6 5275.3 1744.3 1365.6 5258.6 1698.6 5026.9 5013.6 5357.0 5026.9 4785.2 5 3970.9 3865.1 3786.6 3502.1 1 3565.8 6308.1 3527.7 6187.5 3970.9 6138.3 3565.8 5883.2 3104.0 5725.3 5696.1 6308.1 5725.3 5118.4 88628. 34320. 00610. 02320. 34322 2334.3 2108.7 2022.3 19 1803.6 3105.8 2080.6 2812.3 2008.3 2701.9 2334.3 2420.8 2080.6 2797.3 1808.6 2707.8 14 1694.3 3105.8 1544.4 2797.3 1479.7 2462.6 1293.9 1590.9 1525.0 1694.3 1590.9 1395.8 1 3029.0 2797.4 2688.1 2407.1 2781.9 2691.3 3029.0 2781.9 2447.9 8. 9. 2. 0. 9. 2. 2. 2. 2. 24 226.6 221.8 221.9 221.3 20 198.8 618.8 18 200.3 630.3 207.4 17 226.6 266.5 16 639.4 205.6 124.8 198.8 263.4 670.2 203.7 122.0 185.3 260.8 544.9 205.0 122.8 262.3 13 566.6 196.3 124.7 599.4 257.1 618.8 11 195.1 108.0 596.2 764.7 256.4 544.9 207.4 110.0 594.7 764.0 9 266.5 519.7 196.3 124.8 590.6 206.5 763.2 257.1 7 188.5 108.0 582.2 204.3 761.7 196.2 250.4 101.4 567.7 203.1 747.7 197.1 599.4 199.9 735.2 188.6 582.2 204.1 764.7 191.0 537.2 199.7 747.7 165.3 206.5 701.7 161.2 204.1 196.2 181.7 165.3 154.8 1. 3. 5. 3. 3. 8. 1. 2. 5. 23 352.2 21 322.4 418.2 313.3 380.1 18 66.6 289.0 365.2 71.5 337.5 327.2 331.3 378.1 78.1 352.2 367.0 81.4 337.5 418.2 13 103.6 615.1 316.3 378.1 89.2 541.0 336.6 515.9 66.6 449.9 103.6 541.8 110.1 511.0 4 615.1 550.1 541.8 538.1 445.4 514.1 477.1 453.1 468.2 550.1 453.1 398.6 261281679. 0. 0. 8011716714 116.7 101.7 98.0 102.7 6 102.8 20.6 99.9 19.4 3 116.7 40.4 17.5 102.8 43.1 20.1 92.6 61.8 20.4 57.8 22.9 33.3 20.6 36.4 20.4 40.4 23.5 33.3 26.6 093. 923. 693. 653. 9212 39.2 10 39.2 38.2 38.2 36.5 6 36.5 38.1 56.0 38.1 36.9 56.1 3 36.9 37.7 30.3 53.6 39.0 39.2 31.4 52.9 39.2 36.9 32.5 50.0 36.9 30.9 34.5 53.1 35.5 25.2 56.0 25.6 50.0 30.3 48.8 25.2 28.4 . . . . . 061. . . 27 5.1 8.3 11.8 10.6 8.1 7.2 5.1 15 9.2 8.1 7.9 7.7 7.9 6.6 8.0 8.4 9.2 8.0 6.8 ...... 20 1.1 1.1 17 1.1 3.6 16 0.0 15 0.0 1.0 3.3 0.0 0.0 1.1 3.1 0.0 0.0 11 1.1 2.8 0.0 0.0 0.0 1.1 3.2 0.0 0.0 0.0 1.1 3.1 0.0 0.0 5 8 0.0 1.1 3.6 8.5 14.1 0.0 0.0 0.0 3.2 13.6 8.1 0.0 0.0 0.0 13.0 2.8 7.7 1.3 0.0 12.1 0.0 7.3 0.0 11.0 8.3 0.0 11.0 9.3 14.1 4.6 11.0 8.5 8.3 8.3 9.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 93

Levels Levels 8 F54905 eie otiuinpas77. 52098. 04881. 35185. 71298. 28 9589.1 30 ND 8791.2 29 8350.0 ND 26 2865.3 7395.1 ND 2787.6 8512.0 11343.0 2634.6 10796.0 8094.8 39138.2 9511.0 2801.2 37985.1 9589.1 35504.6 11025.0 2741.1 8512.0 38219.1 10475.0 ND 37104.7 ND 7174.8 ND 2801.2 11025.0 38219.1 9250.0 2551.2 34499.3 18 877.9 849.2 22 20 25816.3 5753.1 24929.9 833.4 6291.4 24401.5 23359.0 805.8 30FL543150015Annuitiesatlifeinsurancecompanies(10) 6513.3 24392.9 29LM893131573Individualretirementplans(IRAs)(9) 6928.5 23888.6 843.3 28FL594090055Definedcontributionplans 5 25816.3 5961.1 27FL594190045Definedbenefitplans 24392.9 830.9 2.8 6255.0 22698.1 26FL153050015Householdretirementassets(8) 877.9 5753.1 5.1 11 25FL593073045Unfunded(line18) 9 5961.1 1531.9 843.3 24FL592000075Fundedbyassets(7) 444.3 6703.7 1503.1 23FL594190045Pensionentitlements 789.2 7.0 4 445.4 1491.6 Fundedstatusofdefinedbenefitplans: 185.2 2 1334.0 436.4 8.9 34.9 Memo: 186.1 1379.0 428.6 1383.2 191.0 36.1 9.4 22FL594190005Pensionentitlements(liabilities)(6) 406.4 1531.9 192.5 34.2 1379.0 21FL593093005Other 412.8 14.2 20FL593073005Claimsofpensionfundonsponsor(5) 180.7 1224.8 444.3 39.7 19FL573074005Contributionsreceivable 2.8 179.3 18FL593095005Unallocatedinsurancecontracts(4) 406.4 17FL593090005Miscellaneousassets 37.7 185.2 9.4 1 356.0 180.7 16LM593064205Mutualfundshares 45.2 25666.3 15LM593064105Corporateequities 24777.4 7.0 218.2 24253.3 34.9 23213.4 14FL593065005Mortgages 24233.4 13FL313169003Otherloansandadvances 37.7 23722.6 12FL594023005Loans 25666.3 24233.4 46.1 22592.3 11LM593063005Corporateandforeignbonds 10LM593062045Municipalsecurities 9LM593061705Agency-andGSE-backedsecurities 8LM593061105Treasurysecurities(3) 7FL593069105Openmarketpaper 6LM594022005Debtsecurities 5FL592051005Securityrepurchaseagreements 4FL593034005Moneymarketfundshares 3FL593030005Timeandsavingsdeposits 2FL593020005Checkabledepositsandcurrency 1FL594090005Totalfinancialassets(2) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.117 PrivateandPublicPensionFunds(1) 94 (10) AnnuitiesheldinIRAsareexcluded.Theyincludedline29. (9) IRAassetsarenotincludedabove.SeememoitemsontableL.227forasectoraldistributionofaccounts. (8) Households’retirementassetsintax-deferredaccounts,includingemployersponsoredpensionplans,IRAs,Rothandannuities. (7) Totaldefinedbenefitfinancialassetsplusnonfinanciallessclaimsofpensionfundonsponsor. (6) Actuarialvalueofaccruedpensionentitlementsindefinedbenefitplansandassetscontributionplans.Theseliabilitiesarethehouseholdsector. (5) Unfundeddefinedbenefitpensionentitlements.Negativevaluesindicateoverfunding. (4) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts;seriesbegins1985:Q4. (3) Includesbothmarketableandnonmarketablegovernmentsecurities. (2) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). (1) Privatepensionfunds,stateandlocalgovernmentemployeeretirementfederalfundsdefinedbenefitplanscontributionplans.

Z.1, March11,2021 52. 58. 62. 59. 58. 56. 65. 63. 62. 27 16227.2 16138.7 16051.5 15963.9 15881.0 15793.8 23 16227.2 16227.2 15881.0 16138.7 15523.3 16051.5 15963.9 15881.0 15793.8 16227.2 15881.0 15523.3 0821 002019 2020 2019 2018 73756. 73165. 91162. 53369. 73125 5753.1 24 6291.4 10474.2 6513.3 9847.3 6928.5 9538.2 5961.1 9035.4 6255.0 9919.9 5753.1 9538.9 5961.1 10474.2 9919.9 6703.7 8819.6 17 8365.2 16 8801.8 4988.0 15 9158.5 6864.4 4577.7 9378.2 6092.0 4390.3 8505.2 5544.9 3824.0 8624.4 4926.6 4613.3 8365.2 6055.9 4432.0 8505.2 5687.8 4988.0 8541.1 6864.4 4613.3 8 6055.9 4039.5 3135.5 6 5218.6 3015.6 5158.1 2888.7 5011.0 2945.3 4859.4 2914.0 4759.2 2805.4 4747.6 3135.5 4650.9 2914.0 5158.1 2779.0 4747.6 4453.5 6. 67015. 42511. 56912. 51215. 21 1657.7 1581.2 1728.9 1556.9 1617.0 1452.5 1657.7 1617.0 963.5 478. 658. 388. 308. 6519 76.5 80.0 83.0 87.0 14 36.1 12 83.8 36.1 35.7 86.1 35.7 35.3 76.5 35.3 34.6 7 83.8 46.4 50.3 33.5 84.7 46.9 49.4 33.9 42.7 57.0 36.1 3 31.6 51.3 36.1 33.5 31.9 48.1 49.4 36.1 32.6 49.4 36.1 34.0 46.4 34.2 48.1 31.8 89.7 31.6 34.2 32.1 . 58002. 581. . . . 13 0.0 10 0.1 0.0 0.0 0.0 0.0 15.7 15.8 0.0 23.1 0.1 0.0 0.0 15.8 0.1 0.0 0.1 4.1 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F54905 eie eei ln 7 44039. 47739. 48239. 48039. 47723 24 3497.7 8330.9 3497.9 7628.6 3498.0 7240.4 3498.1 6386.3 3498.2 7382.1 3498.3 7014.7 3497.7 8330.9 3498.2 7382.1 3484.0 6200.1 17 147.1 15 604.3 273.0 19 11865.2 584.7 335.2 11162.9 10774.9 577.8 5 531.1 9920.9 2.3 558.9 10916.8 175.7 10 10549.5 589.6 1037.7 11865.2 24FL574090055Definedcontributionplans(8) 288.2 2.4 10916.8 990.2 23FL574090045Definedbenefitplans(7) 9 581.9 9720.7 147.1 Totalfinancialassets 235.2 969.3 2.4 604.3 4 175.7 228.1 22FL573073005Unfunded(line17) 876.1 589.6 161.7 2 21FL572000075Fundedbyassets(6) 590.0 2.4 223.4 920.7 16.9 20FL574190043Pensionentitlements 555.8 162.9 Fundedstatusofdefinedbenefitplans: 240.6 898.2 2.4 162.8 17.0 229.1 1037.7 Memo: 162.8 17.1 2.4 920.7 223.2 19FL574190005Pensionentitlements(liabilities)(5) 160.0 801.5 235.2 17.2 2.3 159.9 18FL573093005Other 229.1 17FL573073005Claimsofpensionfundonsponsor(4) 16.9 1 161.7 16FL573074005Contributionsreceivable 2.4 205.0 11828.7 160.0 15FL573095005Unallocatedinsurancecontracts(3) 17.0 11126.4 14FL573090005Miscellaneousassets 10738.4 2.5 158.5 9884.4 16.9 13LM573064205Mutualfundshares 10880.3 12LM573064105Corporateequities 10512.9 16.9 11828.7 10880.3 11FL573065005Loans(mortgages) 16.8 9684.1 10LM573063005Corporateandforeignbonds 9LM573061705Agency-andGSE-backedsecurities 8LM573061105Treasurysecurities 7FL573069105Openmarketpaper 6LM574022005Debtsecurities 5FL572051005Securityrepurchaseagreements 4FL573034005Moneymarketfundshares 3FL573030005Timeandsavingsdeposits 2FL573020005Checkabledepositsandcurrency 1FL574090005Totalfinancialassets(2) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.118 PrivatePensionFunds(1) (8) AdditionaldetailondefinedcontributionplansisavailabletableL.118.c. (7) AdditionaldetailondefinedbenefitplansisavailabletablesL.118.b. (6) Totaldefinedbenefitfinancialassetsplusnonfinanciallessclaimsofpensionfundonsponsor. (5) Actuarialvalueofaccruedpensionentitlementsindefinedbenefitplansandassetscontributionplans.Theseliabilitiesarethehouseholdsector. (4) Unfundeddefinedbenefitpensionentitlements.Negativevaluesindicateoverfunding. (3) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts;seriesbegins1985:Q4. (2) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). (1) Privatedefinedbenefitplansandcontribution(including401(k)typeplans). 0821 002019 2020 2019 2018 90635. 37134. 39030. 19336. 37121 3387.1 20 3534.3 3261.4 3534.4 3199.3 3534.5 3003.5 3534.6 3359.0 3534.7 3246.6 3534.8 3387.1 3534.3 3359.0 3534.7 2930.6 3520.6 14 1706.9 13 1801.6 4603.2 12 1846.3 3475.6 4221.5 2016.0 3122.5 4022.3 1663.1 2925.7 3520.0 1757.2 2492.7 4239.5 1706.9 3135.8 4041.0 1663.1 2907.9 4603.2 6 1994.0 3475.6 4239.5 1806.2 3135.8 3594.6 1743.0 2448.0 1706.3 1617.7 1607.8 1572.9 1806.2 1607.8 1416.1 9. 7. 4. 8. 7. 3. 3. 7. 4. 22 147.1 273.0 335.2 531.1 175.7 288.2 18 878.9 147.1 863.8 175.7 850.3 590.0 839.0 813.9 801.0 878.9 813.9 8 496.7 763.5 487.9 476.4 463.5 420.7 413.9 496.7 420.7 371.9 478. 658. 388. 308. 6516 76.5 80.0 83.0 87.0 11 26.9 83.8 26.4 86.1 7 26.1 36.5 76.5 25.8 36.9 83.8 25.1 37.2 84.7 3 24.8 28.9 37.5 26.9 29.2 37.4 25.1 29.5 37.6 23.8 29.8 36.5 29.7 37.4 29.9 37.6 28.9 29.7 30.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 95

Levels Levels 5 F53945 nloae nuac otat 2 287. 566. 076. 887. 5615 75.6 19 17 71.4 3534.3 147.1 3534.4 68.8 273.0 3534.5 335.2 3534.6 64.4 3534.7 5 531.1 70.7 2.3 3534.8 10 175.7 778.0 3534.3 68.0 288.2 3534.7 2.4 740.2 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 2 9 3520.6 75.6 147.1 724.8 L.118.c PrivatePensionFunds:DefinedContributionPlans(1) 8.3 137.6 2.4 175.7 70.7 661.8 132.8 8.5 590.0 2.4 704.1 129.5 62.8 (4) Actuarialvalueofaccrueddefinedbenefitpensionentitlements. (3) Unfundeddefinedbenefitpensionentitlements.Negativevaluesindicateoverfunding. 686.3 8.6 140.1 2.4 (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts;seriesbegins1985:Q4. 778.0 137.2 (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). 8.8 2.4 704.1 133.6 19FL574190043Pensionentitlements(liabilities)(4) 1 620.0 8.7 137.6 2.3 3497.7 18FL573093043Other 137.2 3497.9 17FL573073005Claimsofpensionfundonsponsor(3) 8.9 16FL573074043Contributionsreceivable 2.4 3498.0 126.7 15FL573095405Unallocatedinsurancecontracts(2) 3498.1 8.3 14FL573090045Miscellaneousassets 2.5 3498.2 3498.3 13LM573064243Mutualfundshares 8.7 3497.7 12LM573064143Corporateequities 3498.2 8.9 11FL573065043Loans(mortgages) 3484.0 10LM573063043Corporateandforeignbonds 9LM573061743Agency-andGSE-backedsecurities 8LM573061143Treasurysecurities 7FL573069143Openmarketpaper 6LM574022045Debtsecurities 5FL572051043Securityrepurchaseagreements 4FL573034043Moneymarketfundshares 3FL573030043Timeandsavingsdeposits 2FL573020043Checkabledepositsandcurrency 1FL574090045Totalfinancialassets(1) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.118.b PrivatePensionFunds:DefinedBenefitPlans 96 8 F54905 eso nilmns(iblte)60. 32183. 04778. 36374. 68683. 18 8330.9 15 7628.6 528.7 7240.4 513.3 6386.3 509.1 7382.1 5 7014.7 9 0.0 494.5 10 259.7 8330.9 97.6 519.0 7382.1 0.0 249.9 95.3 2 513.9 6200.1 244.5 8.6 0.0 528.7 93.9 4 214.3 519.0 132.2 8.5 100.5 0.0 216.5 493.0 132.8 91.9 211.9 8.4 0.0 132.4 259.7 89.7 (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteed investmentcontracts;seriesbegins1985:Q4. 132.0 8.4 (1) Includes401(k)and403(b)typeplans. 0.0 216.5 97.6 129.3 181.5 8.2 18FL574090055Pensionentitlements(liabilities) 0.0 128.9 91.9 17FL573093055Other 132.2 8.1 78.4 16FL573074033Contributionsreceivable 0.0 129.3 15FL573095505Unallocatedinsurancecontracts(2) 8.6 14FL573090055Miscellaneousassets 0.0 127.4 13LM573064255Mutualfundshares 8.2 12LM573064133Corporateequities 7.9 11FL573065033Loans(mortgages) 10LM573063033Corporateandforeignbonds 9LM573061733Agency-andGSE-backedsecurities 8LM573061133Treasurysecurities 7FL573069133Openmarketpaper 6LM574022035Debtsecurities 5FL572051033Securityrepurchaseagreements 4FL573034055Moneymarketfundshares 3FL573030033Timeandsavingsdeposits 2FL573020033Checkabledepositsandcurrency 1FL574090055Totalfinancialassets

Z.1, March11,2021 0821 002019 2020 2019 2018 00450256372750290474861956314 556.3 681.9 744.8 940.4 12 1268.4 590.2 1199.2 702.7 1162.4 556.3 1046.8 1316.4 590.2 1238.1 6 1000.4 1268.4 1229.6 1316.4 1181.0 1055.5 1155.1 1093.1 1115.4 1090.0 1229.6 1115.4 1000.4 29734. 29235. 85138. 67836. 29213 4239.2 12 2207.2 3866.1 1923.3 3667.8 1763.3 3184.4 1445.9 3845.1 1819.3 3656.0 1669.8 4239.2 2207.2 3845.1 1819.3 3249.7 1392.5 1 8330.9 7628.6 7240.4 6386.3 7382.1 7014.7 8330.9 7382.1 6200.1 0. 0. 0. 0. 0. 0. 0. 0. 0. 18 303.0 302.3 301.8 301.2 13 364.0 301.4 355.5 300.9 354.5 303.0 335.6 301.4 8 394.4 287.0 300.8 385.0 280.6 364.0 273.1 394.4 263.2 344.9 246.1 242.0 287.0 246.1 225.4 6. 1. 7. 0. 1. 3. 4. 6. 7. 17 576.0 561.5 548.5 537.8 14 1150.6 512.5 1119.7 500.1 1101.5 576.0 1075.5 8 1072.9 512.5 209.8 1054.5 6 462.8 207.2 1150.6 576.6 1072.9 203.3 562.0 993.6 200.3 551.2 174.6 524.6 171.9 492.4 209.8 482.8 174.6 576.6 146.6 492.4 415.6 684. 064. 244. 903. 0616 30.6 35.2 39.0 43.8 11 14.4 42.4 14.4 45.6 7 14.3 27.0 30.6 14.3 27.3 42.4 4 14.3 29.6 27.7 46.8 3 14.3 24.8 30.0 28.1 14.4 25.1 30.4 28.0 14.3 25.4 30.8 28.2 14.3 25.8 30.7 27.0 25.7 31.0 28.0 25.9 29.6 28.3 24.8 30.7 25.7 31.1 26.0 794. 594. 144. 404. 5916 45.9 44.9 44.0 43.2 41.4 40.5 45.9 41.4 37.9 . 081. 051. 151. 211. 11 12.5 7 9.6 12.1 11.8 9.5 11.5 3 9.5 4.1 10.8 9.5 4.1 10.5 9.4 12.5 4.1 9.4 10.8 4.1 9.5 9.6 4.0 9.4 4.0 9.3 4.1 4.0 4.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F34905 eie otiuinpas()58964378963664359761464778916 738.9 674.7 15 3575.1 641.4 3553.2 579.7 3532.7 654.3 3511.7 3495.4 623.6 3475.0 738.9 3575.1 654.3 3495.4 8 3417.9 558.9 0.0 7 18.0 (8) AdditionaldetailondefinedcontributionplansisavailabletableL.119.c. 0.0 11 (7) AdditionaldetailondefinedbenefitplansisavailabletableL.119.b. 4314.0 17.1 2 (6) Totaldefinedbenefitfinancialassetslessclaimsofpensionfundonsponsor. 5 4227.9 0.0 0.5 (5) Actuarialvalueofprojectedpensionentitlementsindefinedbenefitplansandassetscontributionplans.Theseliabilitiesarethehouseholdsector. 11.7 16.2 4174.0 (4) Unfundeddefinedbenefitpensionentitlements.Negativevaluesindicateoverfunding. 4091.4 15.7 0.5 (3) SuspendedinvestmentsintheThriftSavingsPlanGFundbyTreasury. 11.5 14.2 4149.8 (2) ComprisedprimarilyofnonmarketableTreasurysecurities. 15.8 (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). 4098.5 10.9 16.1 0.5 10 1563.4 4314.0 23.1 16FL344090055Definedcontributionplans(8) 10.3 15.8 1629.7 4149.8 0.6 15FL344090045Definedbenefitplans(7) 1646.2 3976.8 0.0 Totalfinancialassets 10.7 18.0 1 1616.1 0.6 4314.0 1585.8 14FL343073045Unfunded(line10) 10.6 16.1 15.8 4227.9 13FL342000075Fundedbyassets(6) 1661.9 0.7 12FL344090045Pensionentitlements 4174.0 11.7 13.4 1563.4 0.0 Fundedstatusofdefinedbenefitplans: 4091.4 1585.8 0.5 10.7 4149.8 1622.1 Memo: 4098.5 9.2 0.6 4314.0 11FL344090005Pensionentitlements(liabilities)(5) 4149.8 0.8 10FL343073045Claimsofpensionfundonsponsor(misc.assets)(4) 3976.8 9LM343064105Corporateequities 8FL313169003Loans(otherloansandadvances)(3) 7LM343063005Corporateandforeignbonds 6LM343062033Municipalsecurities 5LM343061705Agency-andGSE-backedsecurities 4LM343061105Treasurysecurities(2) 3LM344022005Debtsecurities 2FL343020033Checkabledepositsandcurrency 1FL344090005Totalfinancialassets(1) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.119 FederalGovernmentEmployeeRetirementFunds 0821 002019 2020 2019 2018 62118. 53416. 55811. 66212. 53414 1563.4 13 2011.7 12 1629.7 3575.1 1923.5 1646.2 3553.2 1886.4 1616.1 3532.7 1895.5 1585.8 3511.7 1909.6 1661.9 3495.4 1813.0 1563.4 3475.0 2011.7 1585.8 3575.1 1909.6 1622.1 3495.4 1795.8 3417.9 4 3 2296.0 2325.8 2203.6 2232.3 2157.5 2184.6 2156.6 2181.1 2150.2 2177.0 2047.1 2073.4 2296.0 2325.8 2150.2 2177.0 2039.2 2061.9 9. 7. 2. 3. 7. 7. 4. 6. 2. 9 424.3 365.4 342.6 277.9 370.5 339.4 424.3 370.5 292.1 ...... 6 0.1 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 97

Levels Levels L1190 Las(te on n dacs 3 . 58002. 581. . . . 6 8 0.0 5 738.9 13.3 4 674.7 0.0 10.6 12.7 641.4 10.5 0.0 579.7 11.9 9.9 654.3 15.7 10.2 623.6 9.4 15.8 11.4 738.9 23.1 11.3 9.6 654.3 0.0 558.9 13.3 9.5 11.4 15.8 10.6 9.3 0.0 9.6 8.3 7 4.7 8FL344090055Pensionentitlements(liabilities) 7LM343064125Corporateequities 4.4 5 6FL313169003Loans(otherloansandadvances)(3) 1.1 4.3 2 5LM343063023Corporateandforeignbonds 10 0.5 1.0 4LM343061723Agency-andGSE-backedsecurities 3575.1 3.9 3LM343061155Treasurysecurities(2) 3553.2 2LM344022025Debtsecurities 0.5 1.0 3532.7 4.7 3511.7 1FL344090055Totalfinancialassets 0.5 0.9 3495.4 4.5 9 3475.0 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 0.6 1.1 1563.4 3575.1 4.7 L.119.c FederalGovernmentEmployeeRetirementFunds:DefinedContributionPlans(1) 1629.7 3495.4 1 0.6 1.0 1646.2 3417.9 4.7 3575.1 1616.1 3553.2 0.7 1.1 (5) Actuarialvalueofaccruedpensionentitlementsindefinedbenefitplans.Theseliabilitiesareassetsthehouseholdsector. 1585.8 4.1 3532.7 (4) Unfundeddefinedbenefitpensionentitlements.Negativevaluesindicateoverfunding. 1661.9 3511.7 (3) ComprisedprimarilyofnonmarketableTreasurysecurities. 0.5 1.1 1563.4 3495.4 (2) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). 1585.8 3475.0 DisabilityFund,andtheNationalRailroadInvestmentTrust. 0.6 0.9 1622.1 (1) IncludesCivilServiceRetirementandDisabilityFund,RailroadBoard,judicialretirementfund,MilitaryForeign 3575.1 3495.4 0.8 10FL344190045Pensionentitlements(liabilities)(5) 3417.9 9FL343073045Claimsofpensionfundonsponsor(misc.assets)(4) 8LM343064135Corporateequities 7LM343063033Corporateandforeignbonds 6LM343062033Municipalsecurities 5LM343061733Agency-andGSE-backedsecurities 4LM343061165Treasurysecurities(3) 3LM344022045Debtsecurities 2FL343020033Checkabledepositsandcurrency 1FL344090045Totalfinancialassets(2) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.119.b FederalGovernmentEmployeeRetirementFunds:DefinedBenefitPlans(1) 98 (3) SuspendedinvestmentsintheThriftSavingsPlanGFundbyTreasury. (2) IncludesnonmarketableTreasurysecuritiesheldintheGfundandmarketableFfund. (1) ThriftSavingsPlan.

Z.1, March11,2021 0821 002019 2020 2019 2018 75818. 99719. 87717. 86510. 9974 3 1989.7 1995.6 1903.0 1908.5 1866.5 1871.8 1877.1 1882.0 1887.7 1893.5 1791.9 1797.5 1989.7 1995.6 1887.7 1893.5 1775.8 1780.9 7. 5. 0. 2. 5. 6. 2. 5. 0. 7 408.7 350.9 328.5 3 264.9 2 306.3 355.0 330.3 300.6 1 324.6 323.8 738.9 291.0 408.7 312.8 674.7 279.5 355.0 299.1 641.4 262.5 277.9 283.5 579.7 255.1 275.9 654.3 306.3 330.3 623.6 262.5 283.5 738.9 263.4 281.0 654.3 558.9 411. 561. 551. 411. 568 15.6 14.5 14.1 12.9 15.5 14.9 15.6 15.5 14.1 ...... 6 0.1 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

4 F24905 eie otiuinpas()45845559246545549148247959224 519.2 487.9 23 9004.5 468.2 8935.1 429.1 8872.7 475.5 8808.5 8727.9 456.5 8654.6 519.2 9004.5 475.5 8727.9 8515.6 415.8 19 16 9637.1 273.6 9539.1 264.5 9452.6 17 255.6 9346.7 4042.5 9326.4 246.9 4388.7 11 5 476.1 9240.6 4531.8 0.5 253.7 9637.1 4781.2 495.8 24FL224090055Definedcontributionplans(7) 249.0 9326.4 4199.5 2.7 23FL224090045Definedbenefitplans(6) 9 506.1 9000.6 273.6 4304.8 Totalfinancialassets 197.4 443.7 4042.5 4.6 253.7 205.8 22FL223073045Unfunded(line17) 4199.5 442.2 2 21FL222000075Fundedbyassets(5) 233.4 202.0 4491.6 6.4 17.5 20FL224190043Pensionentitlements 469.3 Fundedstatusofdefinedbenefitplans: 177.7 476.1 18.6 7.0 166.7 Memo: 442.2 16.6 179.0 11.7 409.8 19FL224190005Pensionentitlements(liabilities)(4) 1 197.4 22.0 0.5 9523.7 18FL223093005Other 166.7 9423.1 17FL223073045Claimsofpensionfundonsponsor(3) 20.1 16FL223095505Unallocatedinsurancecontracts(2) 7.0 9340.9 141.8 15FL223090005Miscellaneousassets 27.5 9237.6 4.5 9203.4 14LM223064205Mutualfundshares 17.5 9111.1 13LM223064145Corporateequities 9523.7 20.1 12FL223065043Loans(mortgages) 9203.4 28.6 8931.3 11LM223063045Corporateandforeignbonds 10LM223062043Municipalsecurities 9LM223061743Agency-andGSE-backedsecurities 8LM223061143Treasurysecurities 7FL223069143Openmarketpaper 6LM224022045Debtsecurities 5FL222051043Securityrepurchaseagreements 4FL223034005Moneymarketfundshares 3FL223030043Timeandsavingsdeposits 2FL223020043Checkabledepositsandcurrency 1FL224090005Totalfinancialassets(1) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.120 StateandLocalGovernmentEmployeeRetirementFunds (7) AdditionaldetailondefinedcontributionplansisavailabletableL.120.c. (6) AdditionaldetailondefinedbenefitplansisavailabletableL.120.b. (5) Totaldefinedbenefitfinancialassetsplusnonfinanciallessclaimsofpensionfundonsponsor. (4) Actuarialvalueofprojectedpensionentitlements.Theseliabilitiesareassetsthehouseholdsector. (3) Unfundeddefinedbenefitpensionentitlements.Negativevaluesindicateoverfunding. (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts. (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). 0821 002019 2020 2019 2018 41649. 02540. 19548. 51848. 02522 4042.5 21 5075.4 20 4388.7 9117.9 4662.4 4531.8 9051.1 4452.5 4781.2 8984.4 4136.4 4199.5 8917.6 4651.3 4304.8 8850.8 4479.2 4042.5 8784.1 5075.4 4199.5 9117.9 4651.3 4491.6 8850.8 4093.2 15 8584.8 5094.9 5370.6 13 5666.0 2964.5 5746.1 2604.2 5256.4 2276.6 5205.3 2156.0 5094.9 2549.7 5256.4 2440.5 4925.0 2964.5 2549.7 2478.6 0. 0. 7. 5. 0. 1. 7. 1. 7. 18 778.8 717.4 878.6 14 717.9 384.7 803.1 356.2 651.5 368.1 778.8 304.0 803.1 373.8 8 342.8 200.0 391.0 324.1 384.7 6 254.8 373.8 1026.1 1035.7 325.2 444.9 968.5 343.2 960.4 344.5 962.9 342.8 1004.6 343.2 1026.1 367.9 962.9 975.6 23849292848892929212 9.2 9.2 9.2 7 8.8 9.8 8.4 10.1 4 9.2 5.5 23.5 9.2 13.8 23.3 10.8 8.4 28.2 11.9 29.7 12.3 9.8 20.7 19.4 10.8 23.5 52.1 20.7 59.7 ...... 10 0.0 0.0 0.0 0.0 3 2.8 0.0 2.7 0.0 3.2 0.0 4.2 0.0 4.5 4.0 1.9 2.8 4.5 2.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 99

Levels Levels 8 F24903 eso nilmns(iblte)()88. 80891. 74185. 97688. 01191. 18 9117.9 9051.1 8984.4 16 8917.6 4042.5 11 5 8850.8 476.1 4388.7 0.5 8784.1 4531.8 495.8 9117.9 4781.2 2.7 9 506.1 8850.8 4199.5 197.4 8584.8 443.7 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 4304.8 4.6 205.8 L.120.c StateandLocalGovernmentEmployeeRetirementFunds:DefinedContributionPlans(1) 4042.5 442.2 2 4199.5 202.0 6.4 17.5 469.3 4491.6 177.7 476.1 (3) Actuarialvalueofaccrueddefinedbenefitpensionentitlements.Theseliabilitiesareassetsthehouseholdsector. 18.6 7.0 166.7 (2) Unfundeddefinedbenefitpensionentitlements.Negativevaluesindicateoverfunding. 442.2 (1) Includesclaimsonsponsor(i.e.,unfundedpensionentitlements). 16.6 179.0 11.7 409.8 1 197.4 22.0 18FL224190043Pensionentitlements(liabilities)(3) 0.5 9004.5 166.7 8935.1 17LM223093043Other 20.1 16FL223073045Claimsofpensionfundonsponsor(2) 7.0 8872.7 141.8 15FL223090045Miscellaneousassets 27.5 8808.5 4.5 8727.9 14LM223064243Mutualfundshares 17.5 8654.6 13LM223064145Corporateequities 9004.5 20.1 12FL223065043Loans(mortgages) 8727.9 28.6 8515.6 11LM223063045Corporateandforeignbonds 10LM223062043Municipalsecurities 9LM223061743Agency-andGSE-backedsecurities 8LM223061143Treasurysecurities 7FL223069143Openmarketpaper 6LM224022045Debtsecurities 5FL222051043Securityrepurchaseagreements 4FL223034043Moneymarketfundshares 3FL223030043Timeandsavingsdeposits 2FL223020043Checkabledepositsandcurrency 1FL224090045Totalfinancialassets(1) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.120.b StateandLocalGovernmentEmployeeRetirementFunds:DefinedBenefitPlans 100 L2005 Pninetteet laiiis 1. 7. 1. 5. 7. 2. 6. 8. 1. 7 519.2 487.9 468.2 429.1 475.5 5 456.5 273.6 519.2 264.5 475.5 255.6 415.8 246.9 253.7 249.0 273.6 253.7 (2) Includesproductssoldbylifeinsurancecompanies,suchasvariableannuitiesandguaranteedinvestmentcontracts. 233.4 (1) Includes403(b)and457typeplans. 7FL224090055Pensionentitlements(liabilities) 6FL223093053Other 5FL223095505Unallocatedinsurancecontracts(misc.assets)(2) 4FL223090055Miscellaneousassets 3LM223064255Mutualfundshares 2FL223034055Moneymarketfundshares 1FL224090055Totalfinancialassets

Z.1, March11,2021 0821 002019 2020 2019 2018 66149. 85445. 97059. 44650. 85415 4815.4 5100.2 13 5404.6 2964.5 5493.4 2604.2 4997.0 2276.6 4950.7 2156.0 4815.4 2549.7 4997.0 2440.5 4686.1 2964.5 2549.7 2478.6 9. 9. 7. 4. 9. 1. 7. 1. 7. 17 772.8 711.5 14 872.8 147.7 712.2 141.4 797.4 164.2 645.8 130.4 772.8 160.2 8 797.4 342.8 191.7 194.5 324.1 147.7 6 254.8 160.2 1026.1 1035.7 325.2 270.5 968.5 343.2 960.4 344.5 962.9 342.8 1004.6 343.2 1026.1 367.9 962.9 975.6 3. 5. 7. 5. 5. 5. 6. 7. 7. 4 279.5 3 270.3 237.0 261.4 214.7 1 252.7 203.9 519.2 259.4 173.6 487.9 254.6 213.6 468.2 279.5 199.3 429.1 259.4 237.0 475.5 238.9 213.6 456.5 174.4 519.2 475.5 415.8 23849292848892929212 9.2 9.2 9.2 7 8.8 9.8 8.4 10.1 4 9.2 5.5 20.8 9.2 13.8 20.4 10.8 8.4 25.3 11.9 26.8 12.3 9.8 18.2 16.9 10.8 20.8 52.1 18.2 57.2 ...... 10 0.0 0.0 0.0 0.0 3 2.8 0.0 2.7 0.0 3.2 0.0 4.2 0.0 4.5 4.0 1.9 2.8 4.5 2.2 ...... 6 5.9 5.9 2 5.8 2.6 5.8 2.9 5.7 2.9 5.6 2.9 5.9 2.6 5.7 2.6 5.5 2.6 2.6 2.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 L64950 aibeaniymta ud nlddaoe19. 85914. 78211. 42319. 77914. 13 1942.9 9 1767.9 135.7 1690.4 1472.3 134.8 12 1815.9 19562.6 137.4 8 17749.3 1738.2 6 2644.9 16776.1 140.5 1942.9 689.8 14543.1 2538.5 17659.5 2 1815.9 144.1 663.0 2426.3 18LM654091203Municipalbondfunds 16694.7 107.5 1590.5 19562.6 17LM654091303Taxablebondfunds 146.4 2114.6 553.4 17659.5 16LM654091403Hybridfunds 96.7 2287.6 14669.8 135.7 15LM654092603Worldequityfunds 682.8 2266.5 14LM654091600Domesticequityfunds 104.1 144.1 654.0 2644.9 Totalfinancialassetsbyinvestmentobjective: 107.3 163.3 2287.6 632.7 13LM654090500Variableannuitymutualfundsincludedabove 2016.6 102.8 689.8 Memo: 102.4 654.0 107.5 12LM654090000Totalsharesoutstanding(liabilities) 603.6 102.8 11FL653093005Miscellaneousassets 81.7 10LM653064100Corporateequities 14 11 40.9 12.6 9FL653069803Loans(otherloansandadvances) 43.5 16.3 8LM653063005Corporateandforeignbonds 44.6 7LM653062003Municipalsecurities 12.7 6LM653061703Agency-andGSE-backedsecurities 13 46.6 5LM653061105Treasurysecurities 13.8 4336.0 4FL653069100Openmarketpaper 9 4410.1 3LM654022005Debtsecurities 35.3 18.5 630.3 4635.9 3 4 2FL652051003Securityrepurchaseagreements 4338.0 35.7 699.8 16.1 -7.4 140.6 3634.3 826.2 1LM654090000Totalfinancialassets 40.9 12.6 3442.5 180.2 -74.0 5 931.1 4336.0 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 215.4 35.3 18.5 1006.3 -45.1 3634.3 755.1 L.122 MutualFunds(1) 997.2 239.4 3038.3 38.3 -25.8 7.5 696.0 906.1 258.8 1.2 630.3 1468.4 255.8 (1) Open-endinvestmentcompaniesincludingvariableannuitymoneymarketfunds. 755.1 1175.1 -30.3 140.6 14FL634090503Variableannuitymoneymarketfundsincludedabove 1172.5 644.9 -7.4 258.8 1006.3 Memo: 1175.1 190.6 1.2 1019.5 13FL634090005Totalsharesoutstanding(liabilities) -43.7 12FL633093005Miscellaneousassets 11FL633063005Corporateandforeignbonds 10FL633062000Municipalsecurities 9FL633061700Agency-andGSE-backedsecurities 8FL633061105Treasurysecurities 7FL633069175Openmarketpaper 6FL634022005Debtsecurities 5FL632051000Securityrepurchaseagreements 4FL633030000Timeandsavingsdeposits 3FL633020000Checkabledepositsandcurrency 2FL633091003Foreigndeposits 1FL634090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.121 MoneyMarketFunds(1) (1) Open-endinvestmentcompaniesincludingvariableannuitymutualfunds. 46. 75. 96. 69. 75. 44. 67. 74. 96. 1 19562.6 17749.3 16776.1 14543.1 17659.5 16694.7 19562.6 17659.5 14669.8 0821 002019 2020 2019 2018 35639. 37539. 80234. 91842. 37517 4337.5 16 1620.0 15 4126.3 3204.5 14 1503.7 3911.8 9523.9 2811.2 1449.9 3644.0 8466.0 2663.5 1305.0 3890.2 7944.7 2257.3 1579.1 3791.6 6563.1 2936.8 1516.7 4337.5 8438.8 2713.3 1620.0 3890.2 7887.6 3204.5 1579.1 3385.6 9523.9 2936.8 1384.0 8438.8 2427.5 6800.1 10 13410.0 11843.4 11129.4 9203.8 5 11934.5 1276.4 11073.5 3 1253.7 13410.0 5611.7 11934.5 1206.8 9657.5 5409.3 1114.1 5105.3 1310.9 4805.1 1268.2 5186.3 1276.4 5075.1 1310.9 5611.7 1146.4 5186.3 4541.8 6 3185.3 3290.6 3544.2 2568.7 2181.3 1 2029.8 4336.0 3185.3 4410.1 2181.3 4635.9 1862.3 4338.0 3634.3 3442.5 4336.0 3634.3 3038.3 7. 1. 7. 8. 1. 7. 0. 4. 7. 18 876.6 841.6 805.7 773.3 814.1 785.8 876.6 814.1 11 297.7 675.5 265.1 299.9 286.4 7 291.8 893.1 297.3 857.5 297.7 814.7 291.8 786.2 225.7 831.0 805.2 893.1 831.0 693.6 10 112.6 121.4 7 173.4 136.5 8 177.9 2256.4 130.7 2275.2 219.0 134.0 2349.8 225.4 130.3 1267.8 237.2 1036.5 112.6 945.6 241.9 134.0 2256.4 173.4 142.8 1036.5 237.2 873.5 193.7 171281751241281731419. 0. 4 107.5 96.7 104.1 107.3 102.8 102.4 107.5 102.8 81.7 . 051. 071. 351. 521. 12 10.5 15.2 13.2 83.5 2 10.5 0.7 10.7 0.9 10.5 2.1 10.5 3.8 8.1 7.4 3.9 0.7 7.4 1.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 101

Levels Levels M6030 Croaeadfrinbns4055407525755405836856257525 8 725.2 5449.4 4725.2 672.5 4355.7 618.5 3639.7 518.3 4396.2 4024.3 544.0 5449.4 517.5 4396.2 14LM564091203Municipalbondfunds 725.2 13LM564091303Taxablebondfunds 3371.2 12LM564091403Hybridfunds 544.0 10 11LM563093003Commodityfunds(1) 56.0 10LM564092603Worldequityfunds 420.5 9LM564091600Domesticequityfunds 53.1 Totalfinancialassetsbyinvestmentobjective: 50.9 Memo: 45.1 8LM564090005Totalsharesoutstanding(liabilities) 57.2 7LM563093003Miscellaneousassets(1) 5 57.0 6LM563064100Corporateequities 74.5 56.0 7 5LM563063003Corporateandforeignbonds 70.3 278.7 4LM563062003Municipalsecurities 57.2 3LM563061103Treasurysecurities 262.1 67.6 2LM564022005Debtsecurities 53.0 254.4 59.5 1LM564090005Totalfinancialassets 231.4 75.1 278.7 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 74.3 274.2 L.124 Exchange-TradedFunds 278.7 74.5 278.7 75.1 252.2 12LM554092303Worldbondfunds 69.2 11LM554091203Municipalbondfunds 10LM554091303Domestictaxablebondfunds 9LM554092603Worldequityfunds 8LM554091603Domesticequityfunds Totalfinancialassetsbyinvestmentobjective: Memo: 7LM554090005Totalsharesoutstanding(liabilities) 6LM553064103Corporateequities 5LM553063003Corporateandforeignbonds 4LM553062003Municipalsecurities 3LM553061103Treasurysecurities 2LM554022005Debtsecurities 1LM554090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.123 Closed-EndFunds 102 (1) Investmentsprimarilyincommodities,currencies,andfutures.

Z.1, March11,2021 0821 002019 2020 2019 2018 98628. 12624. 53523. 52520. 1269 3182.6 2709.3 2502.5 2035.7 2583.5 2346.3 3182.6 6 2583.5 4232.8 1938.6 3566.3 3283.8 2715.2 3486.2 1 3150.6 5449.4 4232.8 4725.2 3486.2 4355.7 2669.2 3639.7 4396.2 4024.3 5449.4 4396.2 3371.2 9. 6. 8. 3. 6. 7. 7. 3. 8. 13 989.1 937.6 10 879.3 1028.7 771.5 837.9 764.8 764.1 733.4 664.2 989.1 883.9 764.8 787.0 595.7 1028.7 883.9 3 725.4 276.6 2 276.3 1066.3 271.3 1007.1 944.1 262.9 830.5 231.8 825.0 226.8 789.6 276.6 1066.3 231.8 825.0 178.7 636.1 2 172.6 1 166.4 278.7 162.2 262.1 151.8 254.4 171.5 231.4 171.2 278.7 172.6 274.2 171.5 278.7 161.0 278.7 252.2 694. 424. 904. 415. 4214 64.2 58.1 11 54.1 150.3 49.1 151.9 127.8 49.0 94.0 45.2 84.9 64.2 7 84.1 150.3 49.0 151.9 150.3 4 36.9 127.8 64.5 84.9 94.0 58.3 65.9 84.9 54.3 84.1 49.3 150.3 49.3 84.9 45.4 65.9 64.5 12 21.4 11 95.2 49.3 9 20.1 8 29.3 93.2 37.0 76.8 19.5 26.0 91.8 69.7 17.1 24.5 89.6 67.7 21.1 20.7 93.2 58.9 20.8 27.9 93.4 6 79.3 21.4 4 106.1 26.0 95.2 95.2 77.1 21.1 95.7 29.3 93.2 93.2 76.8 19.6 92.2 27.9 88.4 91.8 79.3 79.7 23.3 89.6 67.9 107.2 93.2 103.1 106.1 93.4 107.2 95.2 91.2 93.2 88.4 . 013. 833. 522. 043. 12 34.5 30.4 27.9 25.2 30.1 28.3 34.5 30.1 8.7 3 3.0 2.9 2.8 2.7 3.2 3.5 3.0 3.2 3.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 F43623 on US oenetlas ...... 31 0.0 0.0 0.0 27 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28 0.0 7665.8 0.0 7417.7 0.0 7305.1 0.0 7318.1 0.0 7002.2 21 0.0 6952.7 383.9 7665.8 364.8 0.0 7002.2 354.4 6797.3 0.0 340.7 18 332.7 5301.2 5076.6 322.0 32FL403190005Miscellaneousliabilities 17 4907.9 12 5591.2 383.9 568.8 4809.9 31FL403169283Loans(U.S.governmentloans) 10 5361.3 13.8 332.7 4771.9 615.3 5182.4 30FL403161785Other 4710.9 295.3 691.6 14.3 5066.1 29FL403161795Consolidatedtrusts(2) 5301.2 28FL403161705Debtsecurities(GSEissues)(3) 5016.1 941.1 4771.9 14.9 4973.0 27FL402150005Federalfundsandsecurityrepos 4620.8 778.6 5591.2 14.5 787.3 5016.1 8 26FL404190005Totalliabilities 245.0 16.5 4883.9 568.8 25FL403093005Miscellaneousassets 2 254.5 778.6 17.4 4 76.3 24FL403066005Consumercredit 225.4 265.4 861.9 13.8 57.6 23FL403065605Farm 206.9 263.8 22FL403065485Other 16.5 71.1 225.0 265.1 21FL403065495Consolidatedtrusts(2) 20FL403065405Multifamilyresidential 153.9 273.6 19.5 142.0 19FL403065185Other 195.2 245.0 18FL403065195Consolidatedtrusts(2) 34.6 17FL403065105One-to-four-familyresidential 187.1 265.1 16FL403065005Mortgages 34.3 225.4 258.0 15FL403069330FHLB 76.3 195.2 14FL403069345FarmCreditSystem 13FL403069385SallieMae 34.6 170.6 12FL403069305Otherloansandadvances 36.8 11FL404023005Loans 10LM403063005Corporateandforeignbonds 9LM403062005Municipalsecurities 8LM403061705Agency-andGSE-backedsecurities 7LM403061105Treasurysecurities 6FL403069105Openmarketpaper 5LM404022005Debtsecurities 4FL402050005Federalfundsandsecurityrepos 3FL403030005Timeandsavingsdeposits 2FL403020005Checkabledepositsandcurrency 1FL404090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.125 Government-SponsoredEnterprises(GSEs)(1) L1050 Mliaiyrsdnilmrggs3213024843773023303574394843 6 418.4 2428.3 2428.4 403.9 2417.6 385.7 2429.8 383.0 2406.0 2 2369.1 380.2 2009.0 2428.3 367.7 2023.5 2406.0 2030.9 418.4 2292.3 2045.7 380.2 2024.8 342.1 1999.9 2009.0 (2) Suchissuesareclassifiedasagency-andGSE-backedsecurities. 2024.8 CMOsandprivatelyissuedCMOs.ExcludesFederalFinancingBankholdingsofpoolsecurities, whichareincludedwithfederalgovernmentmortgagesandotherloansadvances. onFannieMae’sandFreddieMac’sbalancesheets(tableF.125).Alsoincludesagency- GSE-backed mortgagepoolsecuritiesthatareusedascollateralforagency-and 1948.7 (1) GinnieMae,FannieFreddieMac,FarmerandFarmersHomeAdministrationpools. Beginning2010:Q1,almostallFannieMaeandFreddieMacmortgagepools(F.126)areconsolidated 6FL413065005Totalpoolsecurities(liabilities)(2) 5FL413065605Farmmortgages 4FL413065505Commercialmortgages 3FL413065405Multifamilyresidentialmortgages 2FL413065105One-to-four-familyresidentialmortgages 1FL413065005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.126 Agency-andGSE-BackedMortgagePools(1) (3) Suchissuesareclassifiedasagency-andGSE-backedsecurities. (2) ConsolidatedtrustsreferstotheunpaidbalanceofsecuritizedmortgagesFannieMaeandFreddieMacmovedontheirsheetsatbeginning2010inresponsenewaccounting rules. FreddieMac’sbalancesheets(L.125). (SallieMae)wasincludeduntilitfullyprivatizedin2004:Q4.Beginning2010:Q1,almostallFannieMaeandFreddieMacmortgagepools(L.126)areconsolidatedonMae’s (1) FederalHomeLoanBanks,FannieMae,FreddieMac,FarmerFarmCreditSystem,theFinancingCorporation,andResolutionFundingCorporation.TheStudentMarketingAssociation 0821 002019 2020 2019 2018 81219. 90711. 87626. 02817. 90730 1980.7 29 5685.1 1976.3 5441.4 2042.8 5262.3 2167.5 5150.6 1897.6 26 5104.6 7785.4 1919.8 5032.9 7534.0 1980.7 5685.1 7423.8 1897.6 5104.6 7446.8 1881.2 4916.1 7116.5 7070.3 7785.4 7116.5 6909.2 16 6148.7 5891.3 5705.8 5567.1 5510.7 5460.5 11 6717.5 6148.7 6506.5 5510.7 6397.4 5333.8 6508.2 6289.3 6247.8 6717.5 6289.3 6195.6 1 7745.2 7523.1 7424.7 7454.5 7130.0 7076.3 7745.2 7130.0 6926.9 22320. 48326. 46022. 47622. 4831 2428.3 2428.4 2417.6 2429.8 2406.0 2369.1 2428.3 2406.0 2292.3 1. 1. 1. 1. 1. 2. 1. 1. 1. 32 119.6 116.3 118.6 128.7 114.3 117.6 119.6 114.3 111.9 23 138.0 136.2 20 419.4 19 134.4 290.0 393.7 132.4 284.7 388.9 130.6 274.5 368.6 15 127.1 256.2 415.6 14 364.0 138.0 153.2 244.1 470.4 360.4 130.6 144.8 262.1 547.7 419.4 117.0 144.0 290.0 797.2 364.0 143.9 244.1 638.9 332.9 139.7 263.1 654.9 7 132.4 415.6 259.8 5 153.2 638.9 279.1 528.7 139.7 729.5 257.0 557.0 132.4 194.5 547.9 175.8 484.2 159.3 467.7 259.8 460.5 175.8 528.7 120.0 467.7 408.3 5317319815317310210016519825 189.8 22 186.5 35.5 170.0 28.9 150.2 34.5 127.3 27.9 135.3 189.8 31.4 127.3 38.4 95.3 35.5 31.4 37.5 3 7.5 8.5 13.3 16.0 15.8 11.3 7.5 15.8 20.2 ...... 24 0.0 0.0 0.0 0.0 0.0 13 0.0 0.0 0.0 0.0 0.0 9 0.0 2.8 0.0 0.0 6 3.0 7.3 0.0 3.0 6.2 0.0 3.2 7.5 0.0 3.3 8.2 0.0 3.3 7.1 0.0 2.8 6.9 3.3 7.3 3.9 7.1 6.9 ...... 5 4 0.9 0.0 1.0 0.0 1.0 0.0 1.1 0.0 1.1 0.0 1.4 0.0 0.9 0.0 1.1 0.0 1.5 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 103

Levels Levels 7 F63605 oprt od nt 5 08013. 19511. 10716. 17914. 19517 1149.5 1146.4 1147.9 1163.9 (8) IncludedontableL.111line44. 1130.7 (7) IncludedontableL.129. 13 1112.0 Theleasedautomobileisanonfinancialasset. 111.3 (6) Receivablesfromoperatingleases,suchasconsumerautomobilearebookedcurrentincomewhenpaymentsreceivedandnotincludedinfinancialassets(orhouseholdliabilities). 1149.5 (5) Liabilitiesnetofassets. 108.0 1130.7 8 (4) Fundingagreementswithlifeinsurancecompanies. 4 1068.0 102.5 6 413.5 (3) MortgagesbackingprivatelyissuedpoolsecuritiesandCMOs. 0.0 (2) Includesloansbackingdomestically-issuedcollateralizedloanobligation(CLO)securities;U.S.CLOsecuritiesissuedoutsidetheareshowninline15oftableL.133. 221.0 98.1 433.8 (1) Agency-andGSE-backedmortgagepoolsecuritiesbackingprivatelyissuedCMOs. 0.0 211.2 446.7 92.3 20FL763169103Commercialpaper(8) 202.4 459.5 0.0 Securitizedliabilitiesnotincludedabove 90.2 197.9 19FL643065045REITassets(7) 451.8 18FL675013263Consumerleases(6) 111.3 0.0 188.3 469.7 Securitizedassetsnotincludedabove 92.3 175.6 413.5 0.0 Memo: 221.0 86.0 451.8 17FL673163005Corporatebonds(net)(5) 0.0 188.3 467.6 16FL673169105Commercialpaper 151.8 15FL674122005Debtsecurities 0.0 14FL674122005Totalliabilities 0.0 13FL673090543Miscellaneousassets(fundingagreements)(4) 12FL673070003Tradecredit 0.0 11FL673066000Consumercredit 10FL673065505Commercial 9FL673065405Multifamilyresidential 8FL673065105One-to-four-familyresidential 7FL673065005Mortgages(3) 6FL673069005Otherloansandadvances(2) 5FL674023005Loans 4FL673061703Agency-andGSE-backedsecurities(1) 3FL673061103Treasurysecurities 2FL674022005Debtsecurities 1FL674090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.127 IssuersofAsset-BackedSecurities(ABS) 104

Z.1, March11,2021 0821 002019 2020 2019 2018 18910. 26319. 26614. 24613. 26315 1236.3 14 1234.2 1236.3 1234.6 1234.2 1244.6 1234.6 1206.6 1244.6 1191.7 1206.6 1236.3 1191.7 1206.6 1236.3 1148.9 1206.6 5 1148.9 1059.9 1064.0 1066.0 1077.5 1 1046.7 1236.3 1039.9 1234.2 1059.9 1234.6 1046.7 1244.6 1008.5 1206.6 1191.7 1236.3 1206.6 1148.9 2. 5. 4. 3. 5. 3. 3. 4. 4. 19 141.7 141.3 137.7 131.8 152.0 138.2 141.7 152.0 122.8 10 372.7 365.0 7 837.0 361.8 850.6 365.0 861.1 357.2 876.8 348.3 855.3 372.7 860.8 357.2 837.0 339.8 855.3 851.2 756. 506. 848. 458. 5020 95.0 89.5 84.5 80.0 68.4 16 86.8 68.7 87.8 95.0 86.7 68.4 12 34.8 80.7 87.5 32.6 75.9 9 50.9 35.5 79.7 51.8 36.9 86.8 52.6 34.6 75.9 3 52.4 32.5 80.9 2 30.3 30.3 46.3 34.8 29.5 29.5 42.7 34.6 30.6 30.6 50.9 33.9 32.0 32.0 46.3 33.0 33.0 43.8 29.1 29.1 30.3 30.3 33.0 33.0 20.4 20.4 ...... 18 0.0 0.0 0.0 0.0 0.0 0.0 11 1.9 0.0 2.2 0.0 2.5 0.0 2.8 3.1 3.5 1.9 3.1 5.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F63633 osmrlae o nlddaoe()13911512111811519013712112123 182.1 182.1 183.7 19 189.0 116.1 191.5 101.5 191.8 98.4 182.1 83.1 16 191.5 177.4 102.2 193.9 174.5 126.2 166.5 116.1 159.6 102.2 152.7 100.6 9 152.1 313.4 177.4 23FL613066303Consumerleasesnotincludedabove(2) 274.4 6 152.7 359.9 266.8 Memo: 147.1 364.1 232.0 22FL613193005Other 2 369.4 21FL613194003Investmentbyparent 302.0 4 15.6 20FL613190005Miscellaneousliabilities 400.0 300.2 72.8 17.8 19LM613192003ForeigndirectinvestmentinU.S. 386.7 313.4 70.9 394.0 20.7 18FL613178005Taxespayable 302.0 68.2 359.9 259.4 16.5 17FL613169005Otherloansandadvances 16FL613168005Depositoryinstitutionloansn.e.c. 386.7 58.8 15FL614123005Loans 12.2 397.1 60.0 14FL613163005Corporatebonds 12.8 13FL613169100Openmarketpaper 56.7 12FL614122005Debtsecurities 15.6 72.8 11FL614190005Totalliabilities 12.2 60.0 10FL613090005Miscellaneousassets 14.3 55.3 9LM613092003U.S.directinvestmentabroad 8FL613066005Consumercredit 7FL613065000Mortgages 6FL613069500Otherloansandadvances 5FL614023005Loans 4LM613063003Debtsecurities(corporateandforeignbonds) 3FL613030003Timeandsavingsdeposits 2FL613020003Checkabledepositsandcurrency 1FL614090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.128 FinanceCompanies(1) (2) Seefootnote(5),tableL.127. (1) Includesretailcaptivefinancecompaniesandmortgagecompanies. 0821 002019 2020 2019 2018 41618. 37711. 31710. 44818. 37711 1397.7 1388.4 1414.8 1401.9 1381.7 1413.3 1397.7 5 1381.7 1021.4 1411.6 1020.7 1017.5 1043.8 1041.6 1 1049.0 1527.3 1021.4 1485.9 1041.6 1495.5 1046.2 1458.7 1504.1 1504.1 1527.3 1504.1 1472.3 4. 5. 5. 4. 5. 6. 6. 7. 5. 22 158.4 21 114.0 20 170.3 272.4 113.1 168.3 283.3 116.8 163.3 285.1 120.6 152.9 283.9 122.7 145.4 275.5 15 124.1 158.4 177.9 269.4 114.0 14 152.9 175.2 272.4 774.6 122.7 140.7 12 167.1 275.5 770.2 817.2 128.2 160.6 268.9 798.2 813.9 153.6 797.6 849.0 153.0 771.8 859.4 177.9 790.2 835.4 8 153.6 7 774.6 551.4 850.0 110.0 147.7 771.8 548.6 817.2 107.9 814.6 536.4 835.4 111.8 528.5 879.2 115.3 537.7 117.2 536.1 118.9 551.4 110.0 537.7 117.2 534.4 114.8 531. 411. 491. 521. 4118 14.1 14.5 15.2 15.0 13 42.6 14.9 43.7 14.6 50.8 10 57.5 14.1 61.7 48.9 14.9 63.5 60.0 15.3 59.8 58.2 42.6 51.5 63.5 3 46.9 46.7 64.6 57.5 53.3 51.5 62.2 54.4 49.5 36.7 38.4 46.7 36.7 42.8 ...... 17 0.5 0.7 0.6 0.9 1.0 0.9 0.5 1.0 0.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 105

Levels Levels 4 F63643 utfml eieta otae ...... 24 5.9 22 5.9 0.0 5.2 0.0 23 29.4 5.0 0.0 21 29.1 141.7 9.8 0.0 28.3 141.3 8.3 0.0 137.7 28.1 17 131.8 5.9 0.0 27.1 44.6 152.0 28.4 9.8 38.7 0.0 138.2 40.5 29.4 141.7 4.8 0.0 69.1 152.0 44.6 0.0 122.8 30.4 35.1 12 221.5 31.4 220.2 27.1 7 229.8 52.6 30.4 260.3 5 25FL643065543Commercialmortgages 53.7 379.3 28.8 24FL643065443Multifamilyresidentialmortgages 39.6 23FL643065163One-to-four-familyresidentialmortgages 372.8 49.7 27.9 22FL643061743Agency-andGSE-backedsecurities 21FL643065045Securitizedassetsincludedabove 221.5 54.7 2 31.8 379.3 62.8 Memo: 76.0 4 35.8 307.6 68.0 20FL643193005Miscellaneousliabilities 208.0 83.6 52.2 206.6 79.5 19FL123165005Mortgages 52.6 18FL643169373Otherloansandadvances 48.9 209.9 85.0 17FL643168005Depositoryinstitutionloansn.e.c. 76.0 16FL644123005Loans 210.5 28.8 44.9 334.5 72.8 15FL643163005Corporatebonds 52.2 14FL643169173Openmarketpaper 48.0 335.4 13FL644122005Debtsecurities 50.8 208.0 62.8 12FL642151073Securityrepurchaseagreements 334.5 44.9 11FL644190005Totalliabilities 273.7 36.0 10FL643090005Miscellaneousassets 9FL643065505Commercial 8FL643065405Multifamilyresidential 7FL643065105One-to-four-familyresidential 6FL643065005Loans(mortgages) 5LM643063005Corporateandforeignbonds 4LM643061773Agency-andGSE-backedsecurities 3LM644022005Debtsecurities 2FL643020005Checkabledepositsandcurrency 1FL644090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.129 RealEstateInvestmentTrusts(REITs)(1) 106 (1) AdditionaldetailonfinancialassetsandliabilitiesforequitymortgageREITsisavailabletablesL.129.eL.129.m.

Z.1, March11,2021 0821 002019 2020 2019 2018 10412. 29919. 39513. 20710. 29911 1219.9 1204.3 1210.7 1235.5 1329.5 1299.4 1219.9 1329.5 1170.4 1. 4. 6. 4. 4. 4. 4. 5. 6. 20 160.1 19 155.8 224.9 149.2 225.1 16 146.8 252.3 223.1 15 147.6 253.9 225.2 585.9 13 145.2 265.4 224.3 574.4 585.9 160.1 299.0 220.3 566.3 574.4 147.6 263.2 224.9 529.4 566.3 117.6 260.0 224.3 539.3 529.4 10 252.3 200.5 226.2 521.4 539.3 9 263.2 189.2 585.9 194.9 521.4 275.2 188.7 539.3 195.4 6 585.9 198.0 258.8 470.0 188.5 539.3 192.6 259.7 185.9 470.0 3 186.9 248.0 182.8 236.8 200.5 250.8 189.5 234.5 192.6 273.9 1 194.9 241.7 758.9 205.3 285.6 182.8 246.3 751.4 258.8 174.5 386.7 757.9 273.9 384.3 780.1 255.0 236.8 898.1 386.7 904.8 324.5 758.9 898.1 820.8 299. 0. 129. 8714216316425 106.4 106.3 104.2 98.7 97.6 91.2 106.4 97.6 82.9 ...... 18 0.3 0.3 14 1.7 0.0 4.6 0.0 8.5 0.0 8.4 0.0 0.3 0.0 8 8.5 0.0 11.3 9.4 0.0 10.6 9.8 0.0 10.2 0.0 15.0 12.5 11.3 15.0 7.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

3 F63643 utfml eieta otae ...... 23 5.9 21 5.9 0.0 5.2 0.0 22 29.4 5.0 0.0 20 29.1 17 141.7 9.8 0.0 2.2 28.3 141.3 8.3 0.0 2.0 137.7 28.1 131.8 5.9 0.0 2.3 44.6 152.0 9.8 38.7 0.0 2.9 138.2 29.4 141.7 4.8 0.0 1.9 152.0 44.6 0.0 2.0 12 122.8 35.1 221.5 2.2 220.2 7 229.8 1.9 52.3 260.3 5 53.5 5.3 379.3 15.8 24FL643065543Commercialmortgages 23FL643065443Multifamilyresidentialmortgages 372.8 49.5 15.7 22FL643065163One-to-four-familyresidentialmortgages 21FL643061743Agency-andGSE-backedsecurities 221.5 2 54.5 20FL643065045Securitizedassetsincludedabove 19.8 17.6 379.3 75.9 4 Memo: 25.3 307.6 17.9 208.0 83.4 19FL643193075Miscellaneousliabilities 41.2 17.2 206.6 52.3 18FL643169373Otherloansandadvances 38.3 209.9 20.2 17FL643168073Depositoryinstitutionloansn.e.c. 75.9 16FL644123075Loans 210.5 15.8 12.0 334.5 72.5 15FL643163075Corporatebonds 41.2 11.7 14FL643169173Openmarketpaper 335.4 13FL644122075Debtsecurities 40.8 17.6 208.0 12FL642151073Securityrepurchaseagreements 334.5 12.0 11FL644190075Totalliabilities 273.7 9.6 12 24.9 10FL643090075Miscellaneousassets 26.5 9FL643065573Commercial 8FL643065473Multifamilyresidential 7FL643065173One-to-four-familyresidential 38.2 5 6FL643065075Loans(mortgages) 10 0.2 406.9 66.2 5LM643063073Corporateandforeignbonds 395.6 4LM643061773Agency-andGSE-backedsecurities 28.5 0.2 3LM644022075Debtsecurities 392.9 29.3 0.2 364.5 2FL643020073Checkabledepositsandcurrency 24.9 358.8 1FL644090075Totalfinancialassets 0.2 2 356.0 28.5 45.2 0.2 406.9 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 3 34.3 50.1 13.0 L.129.m MortgageRealEstateInvestmentTrusts 358.8 0.3 322.8 62.3 12.2 0.2 64.8 12.0 16FL123193005Miscellaneousliabilities 0.2 32.9 10.6 15FL123165503Commercial 14FL123165403Multifamilyresidential 36.3 11.0 0.3 13FL123165005Mortgages 12FL123168003Depositoryinstitutionloansn.e.c. 45.2 10.6 11FL124123005Loans 32.9 13.0 10FL123163003Debtsecurities(corporatebonds) 26.4 11.0 9FL124190005Totalliabilities 10.0 8FL123093005Miscellaneousassets 7FL123065503Commercial 6FL123065403Multifamilyresidential 5FL123065103One-to-four-familyresidential 4FL123065005Loans(mortgages) 3LM123063003Debtsecurities(corporateandforeignbonds) 2FL123020003Checkabledepositsandcurrency 1FL124090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.129.e EquityRealEstateInvestmentTrusts 0821 002019 2020 2019 2018 4. 8. 7. 6. 8. 6. 7. 7. 7. 15 179.0 13 178.8 179.0 173.4 178.8 164.8 11 173.4 429.6 180.5 164.8 425.9 165.4 180.5 9 427.5 179.0 159.5 165.4 451.1 180.5 159.9 6 179.0 591.6 222.1 147.2 157.4 180.5 569.0 223.3 154.9 147.2 3 429.6 216.0 152.8 223.8 591.6 219.0 160.3 222.3 501.7 242.8 1 159.5 229.7 508.4 255.6 152.8 235.8 503.7 222.1 147.8 375.7 503.2 242.8 373.7 523.5 227.7 223.8 681.4 375.7 687.6 314.5 508.4 15 200.7 681.4 13 202.2 612.4 224.9 11 199.4 225.1 249.8 201.8 223.1 251.6 201.6 9 225.2 261.3 790.3 198.4 224.3 8 291.5 778.4 200.7 155.7 220.3 252.8 783.3 201.6 149.0 224.9 249.6 784.4 202.3 148.4 224.3 249.8 737.9 149.4 226.2 252.8 730.4 141.8 260.6 790.3 140.3 737.9 1 155.7 250.6 668.7 141.8 247.7 144.6 254.7 256.6 216.7 217.2 250.6 216.7 208.3 299. 0. 129. 8714216316424 106.4 106.3 104.2 98.7 19 26.6 97.6 16 2.5 24.5 91.2 20.2 2.3 106.4 18.5 97.6 4.1 21.4 82.9 7.5 20.5 10.4 26.6 10 10.4 44.9 21.4 2.5 40.2 32.3 40.3 10.4 48.6 14.7 50.9 46.5 44.9 50.9 60.7 14 16 24.2 133.6 131.2 22.9 129.0 23.8 128.4 23.4 126.3 22.8 124.8 7 133.6 21.9 35.5 126.3 24.2 4 35.5 85.3 36.7 22.8 31.1 36.4 24.0 30.9 32.0 30.0 31.8 29.2 31.0 35.5 29.9 30.0 36.7 26.7 31.0 27.3 ...... 18 0.3 0.3 14 1.7 0.0 4.6 0.0 8.5 0.0 8.4 0.0 0.3 0.0 8 10.3 8.5 0.0 9.9 9.4 0.0 9.1 0.0 9.6 0.0 14.2 12.0 10.3 14.2 7.3 6 1.0 0.7 0.7 0.7 0.8 0.5 1.0 0.8 0.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 107

Levels Levels 2 L63905 Frindrc neteti ..16913226110913218215520926122 226.1 24 1831.7 200.9 19 1784.5 899.8 1759.7 175.5 871.7 1724.0 118.2 18 1733.2 903.5 137.2 183.2 1718.5 922.8 123.9 16 1831.7 190.9 183.9 779.4 1733.2 130.2 226.1 165.4 1660.2 788.5 191.2 183.2 179.7 899.8 126.6 136.9 15 256.9 1774.2 779.4 125.7 12 1713.2 174.0 293.0 758.4 137.2 1680.4 9 183.3 261.7 1815.9 126.6 68.4 183.9 1755.0 253.6 124.3 77.0 10 25FL663193005Other 1873.7 174.0 223.7 574.4 24FL663194005Investmentbyparentcompanies 1774.2 184.0 60.9 23FL663190005Miscellaneousliabilities 286.0 474.7 1755.0 7 1698.4 256.7 410.2 22LM663192005ForeigndirectinvestmentinU.S. 55.5 95.2 293.0 431.9 21FL663178005Taxespayable 54.0 98.3 20FL663170003Tradepayables 286.0 410.6 67.8 127.2 221.6 392.1 19FL153067005Otherloansandadvances 2 18FL663168005Depositoryinstitutionloansn.e.c. 122.2 68.4 138.4 574.4 17FL664123005Loans 3 104.1 133.9 410.6 54.0 1322.1 16FL663163003Debtsecurities(corporatebonds) 109.4 139.0 375.5 1279.0 63.0 15FL662151003Securityrepurchaseagreements 95.2 1282.2 162.0 1483.0 14FL664190005Totalliabilities 125.2 104.1 1396.0 119.0 72.3 13FL663090005Miscellaneousassets 1466.5 1322.1 138.4 12LM663092003U.S.directinvestmentabroad 1396.0 125.2 1315.2 11LM663064103Corporateequities 126.2 10FL663069005Loans(otherloansandadvances) 9LM663063005Corporateandforeignbonds 8LM663062003Municipalsecurities 7LM663061703Agency-andGSE-backedsecurities 6LM663061105Treasurysecurities 5FL663069103Openmarketpaper 4LM664022005Debtsecurities 3FL662051003Securityrepurchaseagreements 2FL663020003Checkabledepositsandcurrency 1FL664090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.130 SecurityBrokersandDealers 108

Z.1, March11,2021 13. 18. 19. 18. 18. 14. 16. 19. 19. 25 -1490.1 -1491.7 -1465.7 -1447.8 -1380.3 -1380.1 -1490.1 -1380.3 -1330.9 0821 002019 2020 2019 2018 21739. 55833. 39231. 36839. 55814 3595.8 3399.2 3396.8 3614.9 3399.2 3530.0 3595.8 3399.2 3261.7 1 3676.1 3507.4 3506.7 3750.0 3468.6 3588.4 3676.1 3468.6 3358.9 2. 5. 4. 3. 5. 7. 9. 9. 4. 23 341.6 292.8 293.9 276.2 352.9 338.5 341.6 17 1037.0 352.9 995.6 329.3 1033.7 1114.0 906.1 13 779.4 914.2 753.3 1037.0 11 777.4 906.1 214.3 834.4 882.7 205.4 671.6 180.4 729.0 144.7 6 779.4 166.7 175.9 671.6 4 175.5 202.6 354.5 728.8 214.3 254.2 399.4 166.7 258.3 464.0 147.7 229.5 470.4 238.3 412.6 175.9 449.7 229.5 354.5 276.4 412.6 443.9 361. 441. 221. 571. 4421 14.4 20 18.5 14.5 16.7 15.7 17.8 13.6 20.1 12.2 15.8 13.9 15.5 14.4 18.5 12.2 15.8 13.6 16.8 8 6.8 5 10.4 8.2 8.7 11.0 13.7 13.0 16.4 20.7 20.4 8.5 6.8 13.8 16.4 8.2 20.7 8.5 11.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

9 F72503 euiyrprhs gemns00000000000000000019 0.0 0.0 23 212.8 183.1 0.0 179.7 0.0 16 179.6 -14.5 177.1 0.0 6.4 175.6 14 0.0 8.2 13 212.8 22.8 0.0 12 177.1 0.0 9.3 5.6 2.9 0.0 180.0 0.0 9.1 17.1 3.0 15 0.0 7 1065.0 48.7 0.0 9.3 27.3 1.9 1007.8 0.0 8 -14.5 1001.9 11 26.2 10.2 3 6 2806.1 6.7 109.0 1049.3 41.9 34.3 17.1 5.9 2760.3 32.5 24FL733193005Miscellaneousliabilities 983.3 11.9 104.6 2744.3 6.8 37.1 37.1 18.3 985.2 5.9 119.0 23LM733192003ForeigndirectinvestmentinU.S.(2) 27.3 2618.7 8.2 1065.0 2603.5 22.2 39.4 6.7 128.7 22FL733163003Corporatebonds 28.9 0.0 983.3 2574.1 10.2 21FL733169103Commercialpaper 117.7 2.1 41.9 2806.1 20FL734122005Debtsecurities 2.9 29.9 952.6 15.0 5.9 125.9 2603.5 44.9 19FL732151003Securityrepurchaseagreements 2.1 27.3 2500.5 6.8 109.0 4.8 42.9 18FL734190005Totalliabilities 117.7 28.9 1.2 6.0 34.3 104.3 17FL733093005Other 21.0 41.9 16FL263194735Nettrans.withforeignaffiliates 44.9 15FL663194735Nettrans.withbrokeranddealeraffiliates 14FL613194733Nettrans.withfinancecompanyaffiliates 2.1 41.5 13FL543194733Nettrans.withlifeinsurancecompanyaffiliates 12FL513194733Nettrans.withproperty-casualtyins.co.affiliates 1.7 11FL763194735Nettrans.withdepositoryaffiliates 10FL733090005Miscellaneousassets 9FL733040005Lifeinsurancereserves 8FL733069005Loans(otherloansandadvances) 7LM733063003Corporateandforeignbonds 6LM733061703Agency-andGSE-backedsecurities 5LM733061103Treasurysecurities 4LM734022605Debtsecurities 3FL732051003Securityrepurchaseagreements 2FL733030003Timeandsavingsdeposits 1FL734090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.131 HoldingCompanies(1) (2) InvestmentinU.S.IntermediateHoldingCompanies. (1) Parent-onlybankholdingcompanies,savingsandloancompaniessecuritythatfileFederalReserveBoardformFRY-9LP,Y-9SP,or2320. 0821 002019 2020 2019 2018 35813. 52216. 49913. 62116. 52222 1572.2 20 1565.5 1577.3 1602.1 1569.1 1532.8 1606.9 1439.9 18 1538.2 1794.9 1464.2 1445.7 1756.0 1572.2 1468.0 1797.5 1439.9 1577.3 1717.9 1395.8 1445.7 1636.8 1401.7 1644.3 1794.9 10 1636.8 3908.6 1568.0 3825.8 3823.8 3730.2 3671.2 3687.3 3908.6 3671.2 3565.4 1 4263.1 4164.8 4170.3 4060.6 3999.1 4019.7 4263.1 3999.1 3840.7 1. 4048071. . 09394824 4.8 3.9 10.9 0.1 14.0 0.7 4.8 14.0 -13.7 814. 105. 444. 373. 1017 41.0 39.1 43.7 40.6 9 44.4 69.0 54.9 68.0 41.0 67.0 5 44.4 62.4 66.0 68.1 54.8 65.0 2 4 10.5 55.5 124.0 64.0 118.1 11.2 54.3 69.0 127.4 10.8 58.2 65.0 123.4 10.2 55.9 61.0 132.0 11.1 62.4 128.6 124.0 12.8 58.2 132.0 10.5 34.8 97.4 11.1 11.0 ...... 21 5.2 3.6 4.9 5.4 5.9 3.8 5.2 5.9 5.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 109

Levels Levels 2 F53903 oeg ietivsmn nUS ...... 22 26 0.0 112.5 112.5 0.0 112.5 20 0.0 40.7 0.0 20.0 0.0 0.0 15.1 0.0 0.0 0.0 0.0 112.5 0.0 0.0 0.0 0.0 0.0 0.0 40.7 14 0.0 766.8 13 0.0 10 92.0 776.7 38.3 8 757.7 0.0 7 101.0 83.3 24.4 4 95.7 674.7 111.5 0.0 78.4 27FL503193005Other(net) 22.5 749.8 95.7 26FL503194205EquityinFederalReservefacilities(2) 122.4 78.9 25LM503194305EquityinterestunderPPIP 0.0 26.8 733.3 119.5 95.6 24FL663097005Securitiesloaned(net) 76.8 23FL503190005Miscellaneousliabilities 766.8 19.0 118.7 0.0 0.0 3 749.8 92.0 22FL503192003ForeigndirectinvestmentinU.S. 70.9 20.5 442.7 2 0.0 707.6 0.0 156.9 21FL503169205Otherloansandadvances 119.5 448.6 74.0 38.3 20FL713068505Depositoryinstitutionloansn.e.c. 144.8 0.0 123.1 450.0 0.0 19FL504123005Loans 83.3 19.0 132.6 413.0 18FL503163005Corporatebonds 0.0 70.9 95.7 18.3 159.3 17FL503169105Openmarketpaper 341.8 16FL504122005Debtsecurities 70.7 61.2 0.0 0.0 317.2 15FL504190005Totalliabilities 442.7 65.5 0.0 0.0 341.8 14FL663194505Investmentinbrokersanddealers 156.9 13FL753194503Investmentinforeignbankingoffices 0.0 242.8 12FL503094505Miscellaneousassets 61.2 11FL503064105Corporateequities 62.3 10FL503069005Loans(otherloansandadvances) 9FL503062003Municipalsecurities 8FL503063005Corporateandforeignbonds 7FL503061303NonmarketableTreasurysecurities 6FL503069105Openmarketpaper 5FL504022005Debtsecurities 4FL502051003Securityrepurchaseagreements 3FL503034005Moneymarketfundshares 2FL713129005Checkabledepositsandcurrency 1FL504090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.132 OtherFinancialBusiness(1) 110 (2) U.S.TreasuryExchangeStabilizationFundEconomicRecoveryProgramsequityinvestmentinFederalReserveSPVs. designatedfinancialmarketutilities(DFMU). credit,andliquidityfacilityspecialpurposevehicles(SPV)createdinresponsetothe2008FinancialCrisisCOVID-19pandemic,depositsatFederalReservebanksof SPVsand (1) Includesfundingsubsidiaries,custodialaccountsforreinvestedcollateralofsecuritieslendingoperations,fundsassociatedwiththePublic-PrivateInvestmentProgram(PPIP),FederalReserve funding,

Z.1, March11,2021 0821 002019 2020 2019 2018 49811. 87519. 51514. 79518. 87515 1817.5 1789.9 1769.5 1640.4 1511.5 1492.0 1817.5 1511.5 1429.8 1 1817.5 1789.9 1769.5 1640.4 1511.5 1492.0 1817.5 1511.5 1429.8 8. 8. 5. 1. 8. 4. 4. 1. 5. 24 753.6 23 919.0 716.3 902.3 747.2 894.6 744.0 856.1 685.5 650.0 18 716.6 737.2 17 643.4 753.6 118.3 16 747.2 919.0 855.5 685.5 118.0 724.5 650.0 865.3 683.8 132.9 638.9 606.3 857.4 143.1 713.4 782.0 12 145.7 858.7 695.6 859.1 150.6 877.8 737.2 846.2 118.3 869.2 713.4 855.5 145.7 797.1 669.7 859.1 151.4 869.4 821.2 6 852.0 5 127.0 858.7 312.2 110.1 869.4 285.8 111.6 830.7 287.3 167.5 244.2 149.1 220.0 162.7 236.7 127.0 312.2 149.1 220.0 205.0 275.7 7. 3. 29-32-551213. 365. 27 52.9 73.6 34.9 112.1 -35.5 -73.2 52.9 -35.5 -77.5 ...... 25 0.0 0.0 0.0 21 2.4 0.0 2.4 19 43.0 0.0 2.4 22.3 0.0 2.4 17.5 0.0 2.4 2.4 0.0 2.4 2.4 11 0.0 8.8 2.4 2.4 8.6 9 43.0 2.4 6.3 8.0 2.4 2.4 1.7 0.0 2.4 1.2 0.0 0.0 0.0 0.0 8.8 0.0 0.0 6.3 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F23903 rs eaiefi au 49619. D27. 70429. 70824. D46 ND 2545.2 2750.8 2996.1 1790.4 44 2078.3 40 10513.1 20.5 9124.8 ND 42 41 8552.7 19.1 26.5 -14.5 1790.4 7370.8 1449.6 19.0 9459.1 6.4 229.5 8720.9 360.3 18.7 10513.1 22.8 9459.1 6.4 18.6 7899.6 5.6 3.6 18.6 17.1 18.3 20.5 37 48.7 8245.8 19.1 6.4 7156.9 -14.5 6814.0 18.6 17.1 6.8 32 46FL263198013Grossnegativefairvalue 5855.6 700.8 17.8 45FL263098013Grosspositivefairvalue 7650.0 18.3 30 Financialderivatives(6) 683.6 520.3 7136.3 8245.8 685.1 44LM263164100heldbyU.S.residents(5) 506.6 7650.0 Marketvalueofforeignequities 715.8 493.5 6375.7 632.3 Memo: 484.1 620.5 479.1 24 43FL263176005Policypayables 133.7 26 42FL263195105Accidentandhealthinsurancereserves 700.8 462.0 1292.2 41FL263194735Netinvestmentbyholdingcompanies 127.8 1206.8 632.3 40FL263191103Nonofficialforeigncurrencies 520.3 122.7 1232.6 39FL313092803U.S.equityinIBRD,etc. 545.5 479.1 22 38FL263190005Miscellaneousliabilities 1318.9 116.7 65.5 1221.2 416.8 37LM263192005U.S.directinvestmentabroad(1,3) 118.3 1291.3 64.7 1292.2 116.5 36FL263150005Pensionentitlements 62.9 35FL263140005Lifeinsurancereserves 1221.2 133.7 989.0 21 61.7 34LM263170005Tradepayables 118.3 11146.9 9693.4 114.6 61.3 33FL263169005Otherloansandadvances 8959.1 15 14 32FL263168005Depositoryinstitutionloansn.e.c. 566.0 907.5 7614.0 31FL264123005Loans 60.4 9398.4 561.2 890.1 30LM263163063Ofwhich:CLOsecurities(2) 65.5 13 8689.4 557.2 882.0 4464.9 29LM263163005Bonds 11146.9 28FL263169105Commercialpaper 61.3 4294.1 9398.4 532.6 877.8 27LM264122005Debtsecurities 6 4202.4 7333.5 522.6 830.8 59.2 127.1 3740.5 26FL262151003Securityrepurchaseagreements 502.7 797.8 3964.0 11 129.3 1198.5 25LM263191005U.S.privatedeposits 3910.4 566.0 7 907.5 135.9 24LM263111005U.S.officialreserveassets(4) 1183.4 4464.9 1080.0 522.6 830.8 1232.6 130.5 3964.0 1038.2 23FL264190005Totalliabilities 1283.6 459.1 733.3 3604.4 1060.5 125.1 1182.1 4 22FL263076005Miscellaneousassets(insurancereceivables) 1179.4 119.7 21LM263092001ForeigndirectinvestmentinU.S.(3) 1171.2 1141.2 1055.3 20FL543151905Pensionentitlements 1198.5 1105.3 127.1 1095.7 19FL543141905Lifeinsurancereserves 1182.1 1072.2 1080.0 125.1 18LM263070005Tradereceivables 1087.0 1058.5 1055.3 110.7 17LM263064203Mutualfundshares 985.8 971.7 16LM263064105U.S.corporateequities 969.5 15FL263069563Ofwhich:loansheldbyCLOs(2) 1141.2 14FL263069500LoanstoU.S.corporatebusiness 985.8 13LM263063005U.S.corporatebonds(1) 928.0 12FL263062003Municipalsecurities 11LM263061705Agency-andGSE-backedsecurities 10LM263061105Treasurysecurities 9LM263069103Openmarketpaper 8LM264022005Debtsecurities 7FL262051005Securityrepurchaseagreements 6FL263034003Moneymarketfundshares 5FL263030005U.S.timedeposits 4FL263020005U.S.checkabledepositsandcurrency 3FL264016005Netinterbankassets 2LM313111303SDRallocations 1FL264090005Totalfinancialassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.133 RestoftheWorld (6) Financialderivativesarenotincludedabove. (5) IncludesAmericanDepositaryReceipts(ADRs). (4) Doesnotincludemonetarygold. (3) Directinvestmentisvaluedonamarketvaluebasis. (2) Collateralizedloanobligations. (1) Through1992:Q4,corporatebondsincludenetissuesbyNetherlandsAntilleanfinancialsubsidiaries; U.S.directinvestmentabroadexcludesnetinflowsfromthosebondissues. 20. 48. 52. 49. 48. 39. 41. 42. 52. 23 15726.0 14429.4 14219.7 13393.3 14785.0 14295.8 15726.0 14785.0 12802.1 8 12954.5 12768.4 12721.2 12191.5 12070.9 12094.6 12954.5 12070.9 11186.0 1 40352.0 37035.3 35381.4 32238.7 34767.6 33447.9 40352.0 34767.6 29967.3 0821 002019 2020 2019 2018 47517. D24. 70326. 78621. D45 ND 2518.2 2728.6 2962.4 1770.3 2047.9 ND 1770.3 1407.5 29 3555.3 27 3413.8 4027.8 3315.7 3869.8 3068.5 3753.1 3351.7 3492.1 3247.0 3804.5 3555.3 3703.2 3351.7 4027.8 3037.7 3804.5 3406.1 16 10603.6 9069.6 8188.9 6723.9 8199.0 7619.8 10 10603.6 7071.5 8199.0 7071.0 6629.5 7046.6 6949.5 6690.8 6773.4 7071.5 6690.8 6270.1 6. 6. 7. 6. 6. 6. 7. 7. 7. 43 178.2 176.0 170.9 38 167.7 272.0 166.6 296.8 164.2 510.8 178.2 621.0 166.6 276.1 161.1 302.2 272.0 31 756.9 276.1 733.7 270.2 28 739.9 472.5 778.7 456.0 690.0 437.4 25 677.6 423.6 753.3 756.9 452.8 803.8 690.0 456.2 814.7 596.1 472.5 977.6 452.8 794.4 368.3 18 838.1 373.3 753.3 368.1 17 794.4 1014.1 363.7 936.4 826.9 357.3 887.3 348.9 794.6 344.6 896.1 373.3 868.9 9 348.9 103.7 1014.1 332.7 896.1 112.0 799.0 132.4 5 115.0 707.3 130.3 672.6 3 152.9 137.1 684.1 221.8 103.7 700.3 287.7 130.3 596.9 473.4 124.7 603.1 123.6 707.3 109.7 596.9 152.9 601.9 123.6 206.8 616. 876. 756. 886. 8739 68.7 69.0 68.8 36 85.4 35 70.8 68.8 84.6 34 88.0 70.0 67.5 83.8 33 56.2 79.1 69.3 67.5 84.2 50.1 78.7 69.7 68.7 80.8 54.9 78.8 68.3 67.5 80.3 63.0 81.4 68.2 66.1 85.4 57.7 82.2 70.8 80.8 57.2 88.0 68.3 77.5 56.2 81.4 66.6 57.7 79.4 50.6 20 16.9 19 11.1 16.8 11.0 16.6 10.9 16.7 10.9 16.0 10.7 15.9 10.7 16.9 11.1 12 115.9 16.0 10.7 107.9 15.4 10.4 107.2 102.9 103.7 2 102.5 50.0 115.9 49.7 103.7 48.6 99.7 48.2 48.8 48.1 50.0 48.8 49.1 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 111

Levels Levels 8 F93105 iceac:mntr od-10-10-10-10-10-10-10-10-1018 -11.0 -11.0 -11.0 -11.0 13 50.0 -11.0 49.7 -11.0 48.6 -11.0 -11.0 48.2 -11.0 48.8 48.1 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 50.0 L.201 SpecialDrawingRights(SDRs)CertificatesandTreasuryCurrency 48.8 2 50.0 49.1 (2) Byinternationalaccountingstandards,monetarygoldisafinancialassetforwhichtherenocorrespondingliability. 49.7 (1) IncludesfederalgovernmentliabilitytoIMFforspecialdrawingrights(SDRs)allocationsandaccruedinterest. 48.6 18FL903011005Discrepancy:monetarygold 48.2 17LM713011505Otherreserves 16FL713011405ReservepositioninIMF 48.8 15FL713011203Monetarygold(2) 14FL713011005Monetaryauthority 48.1 13LM313111303Restoftheworld:SDRallocations 50.0 12LM313011505Otherreserves 11LM313011405ReservepositioninIMF 48.8 10LM313011303SDRholdings 9FL313011205Monetarygold(2) 49.1 8FL313011005Federalgovernment 7FL893011005Totalassets 6LM263111503Otherreserves 5LM263111403ReservepositioninIMF 4LM313011303SDRholdings 3LM263111005Restoftheworld 2LM313111303Federalgovernment:SDRallocations 1LM893111005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.200 U.S.OfficialReserveAssetsandSDRAllocations(1) 112 L0010 Dsrpny-nloae ses6706945266226948426866205265 562.6 622.0 3 147.4 638.6 137.4 824.2 130.0 1 629.4 753.3 99.2 692.2 803.8 562.6 116.6 814.7 629.4 102.2 977.6 677.0 147.4 794.4 116.6 838.1 106.3 753.3 794.4 826.9 5FL903091005Discrepancy--unallocatedassets 4FL633091003Moneymarketfunds 3FL103091003Nonfinancialcorporatebusiness 2LM153091003Householdsector Heldby: 1LM263191005Totalrestoftheworldliability Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.202 U.S.DepositsinForeignCountries 5FL903012005Discrepancy(seigniorage) 4FL713012003Asset:Monetaryauthority 3FL313112003Liab:Federalgovernment Treasurycurrency: 2FL713014003Asset:Monetaryauthority 1FL713014003Liab:Federalgovernment SDRcertificates:

Z.1, March11,2021 0821 002019 2020 2019 2018 7. 7. 9. 7. 7. 7. 8. 8. 9. 7 194.8 188.6 182.4 3 176.0 133.7 178.2 127.8 1 175.6 122.7 183.7 194.8 116.7 177.5 178.2 118.3 171.3 174.8 116.5 164.9 133.7 167.1 118.3 164.6 114.6 183.7 167.1 163.7 2. 2. 2. 2. 2. 2. 2. 2. 2. 5 -27.3 -27.2 -27.1 -27.0 -26.9 -26.8 -27.3 -26.9 -26.1 102. 232. 082. 092. 2317 22.3 15 11.0 21.6 14 33.1 11.0 20.9 32.3 11.0 20.6 12 22.1 31.6 11 36.6 11.0 10 20.8 52.9 21.4 31.4 33.4 11.0 20.5 51.7 20.7 31.6 8 30.9 11.0 22.3 111.7 50.6 20.5 31.3 6 25.8 106.5 11.0 20.8 5 44.4 50.1 20.6 33.1 4 102.2 36.4 26.4 11.0 21.0 52.9 42.9 50.7 20.3 31.6 96.4 33.1 25.9 11.0 51.7 41.5 50.0 22.1 31.8 97.8 30.6 36.6 50.6 41.1 52.9 20.6 96.2 25.5 26.4 50.1 41.4 50.7 20.8 111.7 26.2 22.3 50.7 40.8 97.8 50.8 25.6 50.0 44.4 93.9 36.4 52.9 41.4 26.2 50.7 41.8 22.0 50.8 204. 263. 105. 404. 262 42.6 43.6 44.0 50.4 41.0 39.7 42.6 4 3 41.0 50.5 23.1 42.0 50.4 23.1 50.3 23.2 50.2 23.2 50.1 23.2 50.0 23.2 50.5 23.1 50.1 23.2 49.8 23.7 03-. 03-. 03-. 03-. 0316 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 ...... 9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 ...... 4 0.7 0.9 2.1 3.8 7.4 3.9 0.7 7.4 1.5 2 1 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F73205 ak nUS-fiitdaes13161415162020151447 1.4 1.5 49 46 31.1 2.0 23.6 27.8 2.0 26.2 44 32.1 -3.2 25.1 1.6 34.1 43 -4.8 27.6 152.9 1.5 30.5 221.8 42 -7.8 26.4 11.0 40 1.4 287.7 32.4 28.4 -22.8 27.3 12.5 473.4 31.1 1.6 31.0 -7.0 41 37 23.6 10.8 123.6 17.4 44.6 39 30.5 26.2 -8.8 27.0 1.3 26.4 109.7 9.9 18.4 46.2 39.5 21.5 152.9 28.5 -3.2 26.8 38 36 34 15.3 56.4 17.6 9.5 10.6 123.6 33.7 21.3 32.3 -7.0 11.5 68.7 17.7 206.8 9.7 10.4 30.3 23.1 38.8 35 -6.1 11.8 23.0 69.7 24.0 33 50FL904010005Unallocated(2) 11.0 27.1 7.4 28.4 811.7 40.8 12.7 20.6 66.9 29.9 32 49FL754112205-Duefrom:ForeignbankingofficesinU.S. 9.5 29.0 816.5 21.3 10.0 1022.6 39.8 26 17.4 19.7 44.6 28.9 29 30 1032.3 48FL474012205Creditunions 849.2 -0.6 26.8 17.5 8.3 411.3 419.5 31 11.6 27.0 47FL743020005BanksinU.S.-affiliatedareas 1112.5 27 210.9 11.8 811.6 19.0 69.7 27.2 46FL754012205ForeignbankingofficesinU.S. 44.6 421.6 -1.3 28.2 370.1 1311.6 28 11.0 40.8 45FL764112205Dueto(3): 215.9 830.9 -8.2 9.2 982.1 15.2 72.0 17.6 421.6 44FL764112005U.S.-chartereddepositoryinstitutions(net) 340.0 66.6 33.7 -0.7 263.3 10.6 785.1 TransactionsbetweenU.S.depositoryinstitutions(net): 43.1 933.3 413.7 364.1 51.5 17.1 28.9 83.5 26.8 500.1 811.7 -0.7 1022.6 11.6 43FL264016005Asset:Restoftheworld(1) 369.8 322.2 23 81.6 21 23.0 28.9 151.2 982.1 830.9 76.6 30.3 43.6 14.7 349.6 -0.6 316.2 12.4 42FL284135125ForeignbankingofficesinU.S. 148.2 982.1 756.4 49.6 15.2 41FL274135123U.S.-chartereddepositoryinstitutions 0.0 411.3 419.5 64.8 16.0 40FL264035125Plus:Loansfromforeignbanks -0.7 210.9 47.6 17.8 369.8 322.2 82.2 13.4 0.1 17 39FL754035125ForeignbankingofficesinU.S. 151.2 -0.6 0.0 347.1 281.2 33.4 38FL764035125U.S.-chartereddepositoryinstitutions 225.7 76.0 8.0 37FL264135125Loanstoforeignbanks 44.6 20 -0.6 -8.2 602.5 0.0 -0.6 36FL754016205ForeignbankingofficesinU.S. 4.4 0.0 -0.8 649.6 35FL764016205U.S.-chartereddepositoryinstitutions 47.6 0.0 34FL264116205Less:Depositsatforeignbanks -0.6 644.6 16 7.3 0.1 65.9 19 99.3 33FL753092605-Duefromforeignaffiliates 873.8 0.0 2189.8 43.6 32FL753192605Duetoforeignaffiliates 14.7 1918.0 90.0 554.1 31FL754116205ForeignbankingofficesinU.S.(net) 11 -0.6 0.0 1967.1 14.7 4.4 505.7 91.9 1476.5 30FL763092605-Duefromforeignaffiliates -0.7 602.5 29FL763192605Duetoforeignaffiliates 16.0 0.0 907.3 99.0 6.0 28FL764116205Liab.:U.S.-chartereddepositoryinstitutions(net) 554.1 838.2 Transactionswithbanksinforeigncountries(net): 13.4 0.0 83.4 598.6 2189.8 27FL713068705Loanstodepositoryinstitutions 8.0 907.3 10 70.3 0.0 26FL713022003FederalReservefloat 602.5 5 25FL714010005Asset:Monetaryauthority 888.4 4.4 -1.4 99.3 24FL713068743Creditunions 649.6 0.0 23FL714010075Liab:U.S.-chartereddepositoryinstitutions 644.6 83.4 -1.5 Othertransactionswiththemonetaryauthority 7.3 9 3 873.8 2289.0 82.0 22FL473013005Creditunions -2.0 9.0 14.7 2008.0 554.1 21FL743013003BanksinU.S.-affiliatedareas 4 2059.0 20FL753013003ForeignbankingofficesinU.S. -2.0 191.8 4.4 505.7 91.7 19FL763013005Asset:U.S.-chartereddepositoryinstitutions 1575.5 191.7 18FL713113003Liab.:Monetaryauthority 602.5 990.8 -1.6 127.7 Depositoryinstitutionreserves: 6.0 241.5 554.1 908.5 65.4 -1.5 17FL753025003ForeignbankingofficesinU.S. 467.7 598.6 2289.0 16FL763025000Asset:U.S.-chartereddepositoryinstitutions 7.7 990.8 -1.4 112.3 15FL703025005Liab.:Monetaryauthority Vaultcash: 970.5 112.9 -7.6 -1.6 Memo: 191.8 9.0 -1.3 112.3 14FL904010005Discrepancy 191.1 7.7 13FL264016005Restoftheworld 12FL473013005Creditunions 21.5 11FL743013003BanksinU.S.-affiliatedareas 10FL753020005ForeignbankingofficesinU.S. 9FL763020005U.S.-chartereddepositoryinstitutions 8FL714010005Monetaryauthority 7FL894010005Totalassets 6FL474110005Creditunions 5FL744110005BanksinU.S.-affiliatedareas 4FL754110005ForeignbankingofficesinU.S. 3FL764110005U.S.-chartereddepositoryinstitutions 2FL714110005Monetaryauthority 1FL794110005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.203 NetInterbankTransactions (3) Sumoflines46,47,48,and50. insourcedata,appearsonline14asthediscrepancy betweenliabilitiesandassets. (2) InterbanktransactionsbetweenU.S.banksshould nettozeroandthusarenotshowninlines1through13above.However,theunallocatedamount (line50),whichisduetoinconsistencies (1) Sumoflines28and31lessline3437 plusline40. 0821 002019 2020 2019 2018 56014. 94912. 58827. 77024. 94918 2994.9 2743.2 2787.0 2474.3 1548.8 1427.3 2994.9 1548.8 1556.0 7 3291.1 3120.4 3249.4 3122.7 2 1755.3 3094.2 1606.6 1 2833.3 3291.1 3257.9 2879.0 1755.3 3076.9 2573.3 1844.1 3208.8 1632.3 3061.1 1497.6 1711.6 3094.2 1560.4 1632.3 3257.9 1638.0 1711.6 1810.9 0. 2. 5. 0. 2. 7. 8. 2. 5. 13 152.9 221.8 287.7 473.4 123.6 109.7 152.9 123.6 206.8 3. 4. 3. 4. 4. 6. 4. 4. 3. 50 -33.2 -43.5 -40.6 -61.5 -43.6 -46.2 -33.2 -43.6 -33.2 14 -33.2 -43.5 -40.6 -61.5 -43.6 -46.2 6 -33.2 -35.7 -43.6 -38.2 -33.2 -37.4 -43.3 -39.1 -41.0 -35.7 -39.1 -38.4 843. 614. 914. 793. 6148 36.1 38.7 45 27.9 37.9 23.0 43.3 24.3 39.1 11.4 41.0 23.5 36.1 23.6 39.1 27.9 38.4 23.5 33.3 22 188.0 159.7 162.0 116.0 15 83.0 99.3 76.1 90.0 188.0 92.0 83.0 99.0 62.9 83.4 12 188.0 70.3 159.7 99.3 162.0 83.4 116.0 82.0 83.0 76.1 188.0 83.0 62.9 07-. 40-. 067. 276. 4025 44.0 65.3 82.7 76.0 -0.6 -0.6 44.0 -0.6 -0.7 8 44.0 65.3 82.7 76.0 -0.6 -0.6 44.0 -0.6 -0.7 ...... 24 0.4 0.5 0.5 0.0 0.0 0.0 0.4 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 113

Levels Levels 2 F43205 oenetsosrdetrrss3. 467. 433. 4. 115. 6332 29 76.3 0.5 57.6 30 0.5 17.5 71.1 18.6 0.5 142.0 16.6 34.6 0.6 26 51.4 25 22.0 34.3 650.5 0.6 52.5 20.1 563.8 24 76.3 229.9 0.7 59.5 629.0 27.5 34.6 178.1 768.0 47.0 0.5 40FL903020005Mailfloat 17.5 167.3 36.8 459.4 47.6 142.3 39FL263025003Currency 20.1 0.6 445.7 38FL263027003Checkabledeposits 139.1 45.5 37FL263020005Restoftheworld 28.6 650.5 0.8 128.6 51.4 16 459.4 36FL713129005Otherfinancialbusiness 56.6 229.9 35FL663020003Brokersanddealers 398.9 47.6 34FL643020005REITs 139.1 56.3 33FL613020003Financecompanies 30.2 132.9 15 54.2 9 32FL403020005Government-sponsoredenterprises 144.3 31FL633020000Moneymarketfunds 2.7 46.4 156.5 30FL223020043Stateandlocalgovt.retirementfunds 13 2.4 147.4 45.7 29FL343020033Federalgovernmentretirementfunds 257.1 28FL573020005Privatepensionfunds 146.9 258.8 46.7 1.9 27FL543020005Lifeinsurancecompanies 117.6 247.1 12 26FL513020005Property-casualtyinsurancecompanies 56.6 4279.9 1.7 121.9 238.9 10 3169.4 229.9 25FL793020005Domesticfinancialsectors 45.7 144.3 188.5 3058.6 1.6 5 178.1 2407.9 24FL213020005Stateandlocalgovernments 117.6 40.9 193.9 7 156.9 23FL313020005Federalgovernment 1966.2 167.3 2.0 1989.9 103.3 257.1 4 144.8 1856.7 8 1942.5 142.3 22FL113020005Noncorporate 48.4 188.5 4279.9 4572.5 132.6 2.7 21FL103020000Corporate 1878.1 139.1 1966.2 20FL143020005Nonfinancialbusiness 3416.4 26.6 177.8 1779.7 159.3 1844.7 128.6 3303.4 1.6 1724.2 19FL153020005Householdsector 3 61.2 43.1 2649.7 1692.1 229.9 1728.6 2191.5 1.8 1989.9 18FL793120005Totalassets 65.5 121.1 139.1 1781.7 2072.0 1724.2 1722.1 12.5 17FL473127003Creditunions 132.9 4572.5 156.9 1637.2 515.6 2191.5 61.2 16FL743127003BanksinU.S.-affiliatedareas 8.5 2053.7 404.0 15FL753129205Privatedomesticdeposits 62.3 382.7 48.4 14FL753122603Depositsduetoforeign 13FL753127005ForeignbankingofficesinU.S. 1728.6 12.5 404.0 12FL763129205Privatedomesticdeposits 10.5 402.4 11FL763122605Depositsduetoforeign 10FL763128000Stateandlocalgovernmentdeposits 9FL763123005Federalgovernmentdeposits 8FL763127005U.S.-chartereddepositoryinstitutions 7FL713125005Currencyoutsidebanks 6FL713122605Depositsduetoforeign 5FL713129005Duetootherfinancialbusiness 4FL713124005Duetogovernment-sponsoredenterprises 3FL713123005Federalgovernmentcashanddeposits 2FL713120005Monetaryauthority 1FL793120005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.204 CheckableDepositsandCurrency 114

Z.1, March11,2021 0821 002019 2020 2019 2018 19717. 67719. 20716. 80414. 67721 1687.7 20 2132.1 1741.6 19 2184.7 1830.4 3241.1 2287.4 1469.7 2100.5 18 1866.1 1270.7 9129.6 1778.7 1609.3 1398.8 7919.7 1403.8 1731.9 1687.7 7662.1 1242.4 2132.1 1270.7 5759.1 1005.6 1609.3 1189.7 4845.1 3241.1 1507.2 4670.4 1242.4 9129.6 1208.7 4845.1 4583.7 2 3945.6 1 3914.6 9129.6 3792.1 7919.7 2593.2 7662.1 2207.3 5759.1 2154.0 4845.1 3945.6 4670.4 2207.3 9129.6 2117.6 4845.1 4583.7 7. 2. 4. 0. 2. 5. 8. 1. 4. 39 946.5 38 194.7 917.5 187.8 880.6 37 1141.2 35 191.6 851.2 138.4 1105.3 207.3 1072.2 825.2 133.9 160.6 1058.5 807.6 139.0 985.8 161.8 946.5 162.0 969.5 194.7 825.2 125.2 1141.2 160.6 773.9 119.0 985.8 154.1 138.4 928.0 125.2 126.2 23 22 1732.0 444.4 1784.9 443.1 1725.4 457.1 518.9 396.4 407.2 338.6 386.0 17 297.8 333.1 1732.0 407.2 273.7 444.4 405.9 265.4 338.6 231.0 317.5 212.1 203.8 297.8 212.1 193.8 4. . 74-0312-58-51-40-. 31 -7.4 -74.0 -45.1 -25.8 1.2 -30.3 -7.4 1.2 -43.7 604. 284. 498. 956. 2834 36 62.8 156.9 33 15.6 144.8 68.0 17.8 132.6 79.5 159.3 20.7 85.0 61.2 16.5 28 16.9 44.9 65.5 12.2 17.0 48.0 156.9 12.8 27 17.1 62.8 61.2 121.6 15.6 127.1 17.2 44.9 62.3 12.2 137.6 16.9 36.0 142.4 14.3 17.0 94.7 16.9 105.8 16.9 121.6 94.7 16.8 90.7 14 112.8 102.3 11 60.0 99.7 66.5 92.0 75.6 70.9 97.8 71.9 84.5 112.8 84.7 70.9 60.0 74.4 84.5 74.4 ...... 40 2.9 2.6 2.1 1.4 1.9 3.0 2.9 1.9 2.2 6 21.9 18.9 16.3 17.4 5.2 5.2 21.9 5.2 5.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F43305 oenetsosrdetrrss2. 58751. 581. 33857517 7.5 15 2.8 8.5 2.7 13.3 3.2 13 16.0 237.0 4.2 15.8 285.1 12 413.6 334.4 11.3 4.5 434.1 349.1 7.5 429.7 1.9 356.7 430.3 15.8 350.1 2.8 423.2 237.0 20.2 4 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 410.2 4.5 42.7 356.7 L.206 MoneyMarketFundShares 413.6 296.7 43.2 2.2 423.2 42.5 3 403.4 20FL263030005Restoftheworld 857.3 41.3 883.2 19FL733030003Holdingcompanies 39.8 18FL613030003Financecompanies 917.5 17FL403030005Government-sponsoredenterprises 40.2 859.3 16FL633030000Moneymarketfunds 908.8 15FL223030043Stateandlocalgovt.retirementfunds 42.7 14FL573030005Privatepensionfunds 859.5 39.8 2 857.3 13FL793030005Domesticfinancialsectors 11461.3 38.5 12002.3 908.8 12FL213030000Stateandlocalgovernments 11958.3 11428.8 11FL313030003Federalgovernment 819.8 10804.8 10671.8 10FL113030003Noncorporate 11461.3 9FL103030003Corporate 10804.8 8FL143030005Nonfinancialbusiness 10293.9 7FL153030005Householdsector 6FL703130005Totalassets 5FL473130005Creditunions 4FL743130003BanksinU.S.-affiliatedareas 3FL753130005ForeignbankingofficesinU.S. 2FL763130005U.S.-chartereddepositoryinstitutions 1FL703130005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.205 TimeandSavingsDeposits L2040 Saeadlclgv.rtrmn ud 972. 351. 072. 822. 359 23.5 5 31.7 23.3 6 32.2 28.2 23.9 33.9 29.7 24.2 31.7 20.7 28.4 3 4 916.1 26.5 119.5 19.4 21.7 927.5 119.6 24.5 23.5 24.7 962.2 120.8 31.7 20.7 25.9 916.4 117.6 26.5 59.7 558.3 110.6 23.9 528.7 19.8 109.0 24.7 916.1 119.5 22.3 558.3 110.6 11FL263034003Restoftheworld 466.1 104.6 10FL503034005Otherfinancialbusiness 9FL223034005Stateandlocalgovt.retirementfunds 8FL573034005Privatepensionfunds 7FL543034005Lifeinsurancecompanies 6FL513034005Property-casualtyinsurancecompanies 5FL213034003Stateandlocalgovernments 4FL113034003Nonfinancialnoncorporatebusiness 3FL103034000Nonfinancialcorporatebusiness 2FL153034005Householdsector 1FL634090005Totalassets 20. 28. 38. 28. 28. 39. 46. 41. 38. 6 13682.2 14210.1 14169.2 13498.2 12884.0 12682.8 13682.2 12884.0 1 12200.5 13682.2 14210.1 14169.2 13498.2 12884.0 12682.8 13682.2 12884.0 12200.5 0821 002019 2020 2019 2018 07910. 25619. 18718. 20912. 25610 1225.6 8 1226.1 1495.6 1240.9 1491.1 1183.5 1544.4 1108.7 1469.7 7 1092.9 5 1304.7 10827.7 1225.6 1320.9 11325.6 1277.7 1108.7 11174.5 1281.3 1495.6 10546.7 1047.9 1250.9 10200.2 1304.7 10039.1 1168.7 1235.1 10827.7 1130.6 10200.2 9661.4 1111.3 1320.9 1130.6 1048.3 79020. 49127. 27922. 69626. 4912 2419.1 1 2468.1 4336.0 2619.6 4410.1 2422.3 4635.9 2207.9 4338.0 2076.3 3634.3 2419.1 3442.5 2207.9 4336.0 1799.0 3634.3 3038.3 0. 9. 0. 0. 9. 0. 8. 7. 0. 20 707.3 672.6 684.1 700.3 16 140.6 596.9 180.2 603.1 215.4 707.3 239.4 596.9 258.8 601.9 255.8 9 140.6 270.0 258.8 265.0 190.6 303.5 286.2 196.0 184.8 270.0 196.0 187.2 1. 2. 2. 1. 2. 3. 3. 2. 2. 11 127.1 10 129.3 442.7 135.9 448.6 8 130.5 161.7 450.0 125.1 162.9 413.0 119.7 162.8 341.8 127.1 162.8 317.2 125.1 160.0 442.7 110.7 159.9 341.8 161.7 242.8 160.0 158.5 101. 051. 111. 081. 0519 10.5 18 46.7 11.2 53.3 10.8 62.2 14 28.9 10.2 49.5 29.2 11.1 36.7 29.5 12.8 38.4 29.8 10.5 46.7 29.7 11.1 36.7 29.9 11.0 42.8 28.9 29.7 30.0 505. 066. 869. 437. 067 70.6 74.6 94.3 92.2 58.6 62.0 70.6 58.6 55.0 ...... 11 1.0 1.6 2.1 1.9 2.3 2.6 1.0 2.3 2.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 115

Levels Levels 6 F72515 te iaca ntttos()221. . . 720000000046 45 0.0 44 9.7 9.7 0.0 0.9 0.9 0.0 1.0 1.0 0.0 284.9 284.9 43 0.09 46.9 64.1 17.2 0.09 7.1 7.1 0.0 0.08 9.7 9.7 0.0 0.65 46.9 64.1 17.2 1.55 39.7 41.8 2.2 37 2.04 45.0 0.09 44.5 33 0.5 1.55 36 53.7 225.4 29 2.27 30 2.7 206.9 74.4 0.4 2.3 225.0 4.6 51.4 0.6 2.3 46FL792051115Otherfinancialinstitutions(7) 153.9 45FL632051103Asset:Moneymarketfunds(6) 55.9 6.4 195.2 44FL712151103Liability:Monetaryauthority(5) 0.6 2.0 45.0 187.1 FederalReserve’sreverserepurchaseagreementoperations: 7.0 0.5 2.4 225.4 51.4 43FL072052006Effectivefederalfundsrate(percent)(4) 11.7 195.2 0.6 2.0 54.2 26 Memo: 170.6 0.5 323.3 24 0.4 1.7 42FL902050005Discrepancy 323.7 334.9 7.0 336.1 23 301.1 0.4 2.3 41FL262051005Restoftheworld 512.8 302.2 4.5 326.6 40FL502051003Otherfinancialbusiness 478.2 0.6 2.0 18 327.2 39FL732051003Holdingcompanies 378.7 21 26.6 528.2 38FL662051003Brokersanddealers 538.3 19 379.0 400.8 0.0 183.5 1.3 309.9 28.5 498.1 37FL402052033Ofwhich:FHLBfederalfunds(3) 402.9 323.3 179.5 36FL402050005Government-sponsoredenterprises 334.3 560.3 29.7 323.7 378.7 174.9 311.0 12 331.3 35FL652051003Mutualfunds 379.0 0.0 24.4 317.8 162.0 34FL632051000Moneymarketfunds 512.8 358.5 319.0 164.2 12.2 33FL222051043Stateandlocalgovt.retirementfunds 334.3 0.0 332.3 32FL572051005Privatepensionfunds 163.3 10 362.5 10.2 538.3 31FL542051075Lifeinsurancecompanies 0.6 0.0 183.5 30FL512051005Property-casualtyinsurancecompanies 358.5 26.6 164.2 0.5 29FL472051053Securityrepurchaseagreements 0.0 382.8 12.2 28FL472052053Federalfunds 164.9 27FL472050053Creditunions 0.3 0.0 14.6 26FL752051005Securityrepurchaseagreements 0.3 25FL752052005Federalfunds(2) 0.0 8 24FL752050005ForeignbankingofficesinU.S. 532.6 6 0.2 0.0 23FL762051005Securityrepurchaseagreements 545.0 522.8 22FL762052005Federalfunds(2) 5 0.2 540.9 476.2 21FL762050005U.S.-chartereddepositoryinstitutions 0.0 149.4 498.2 571.5 0.6 20FL712051000Monetaryauthority 158.5 0.0 3 597.2 530.8 156.0 19FL212051003Stateandlocalgovernments 170.9 0.2 550.0 507.1 18FL102051003Nonfinancialcorporatebusiness 142.1 179.0 526.5 532.6 0.2 17FL892050005Totalassets 128.4 190.5 545.0 530.8 135.7 191.1 16FL262151003Restoftheworld 550.0 485.7 149.4 167.0 15FL732151003Holdingcompanies 503.6 14FL662151003Brokersanddealers 128.4 180.3 13FL642151073REITs 102.8 170.9 12FL402150005Government-sponsoredenterprises 167.0 11FL542151073Lifeinsurancecompanies 10FL512151003Property-casualtyinsurancecompanies 143.1 9FL472150053Creditunions 8FL752151005Securityrepurchaseagreements 7FL752152005Federalfunds(2) 6FL752150005ForeignbankingofficesinU.S. 5FL762151005Securityrepurchaseagreements 4FL762152005Federalfunds(2) 3FL762150005U.S.-chartereddepositoryinstitutions 2FL712151003Monetaryauthority 1FL892150005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.207 FederalFundsandSecurityRepurchaseAgreements(1) 116 (7) Includesbanks(consolidated), government-sponsoredenterprises,and primarydealers. (6) Includedinline34. (5) Includedinline2. (4) Theeffectivefederalfundsrateisaweighted averageofratesonbrokeredtrades.Annualizedusinga360-dayyear. (3) Includestermfederalfunds. (2) Excludestermfederalfunds. 1997:Q1forcreditunions,and2000:Q1FHLB. (1) Detaileddataonfederalfundsandsecurityrepurchase agreementsareavailablebeginning2012:Q1forU.S.-chartereddespositoryinstitutions, 2003:Q1forforeignbankingofficesinU.S.,

Z.1, March11,2021 0821 002019 2020 2019 2018 35219. 32116. 36018. 22217. 32138 1322.1 1279.0 1282.2 1483.0 34 1396.0 1006.3 1466.5 997.2 1322.1 906.1 1396.0 1468.4 1315.2 1175.1 1172.5 1006.3 1175.1 1019.5 17 4869.1 4714.0 4742.3 5523.7 14 5114.6 1774.2 5159.0 1713.2 4869.1 1680.4 5114.6 1815.9 4452.4 1755.0 1873.7 1774.2 1755.0 1698.4 1 4249.8 4095.9 4090.7 4780.0 4426.9 4579.0 4249.8 4426.9 3970.0 424-8. 694-8. 677-4. 616-1. 69442 -619.4 -618.0 -651.6 -743.7 -687.7 -580.0 -619.4 -687.7 -482.4 7. 05318. 05715. 19416. 08218. 41 1080.0 1038.2 1060.5 1179.4 1055.3 1095.7 1080.0 1055.3 971.7 16 13 1292.2 221.5 1206.8 220.2 1232.6 1318.9 229.8 1221.2 260.3 1291.3 379.3 1292.2 1221.2 372.8 989.0 221.5 379.3 307.6 2 216.1 205.2 233.0 569.1 336.6 313.4 216.1 336.6 304.0 171281751241281731419. 0. 35 107.5 96.7 104.1 107.3 102.8 102.4 107.5 102.8 22 81.7 25.5 19.9 32.1 21.3 24.2 21.4 25.5 24.2 11 20.3 29.3 30.0 25.9 7 12.3 27.1 18.1 17.5 4 21.5 21.9 20.8 20.5 25.7 29.3 34.5 19.2 17.5 49.1 19.4 24.1 38.7 12.3 44.5 19.2 21.5 17.9 38.7 40.3 ...... 40 0.0 39 0.0 41.9 37.1 0.0 22.2 0.0 2.1 0.0 32 2.3 31 2.1 8.2 0.0 2.4 1.2 8.3 0.0 28 2.4 0.1 27 41.9 7.4 0.5 0.0 2.1 2.4 0.2 25 9.8 0.8 0.0 0.3 1.7 2.4 0.1 6.3 0.8 1.3 2.4 0.3 5.7 0.8 1.1 2.3 0.3 8.2 0.8 0.6 2.4 0.4 6.3 0.8 0.3 20 0.0 2.5 0.1 2.2 0.5 2.1 0.0 0.3 0.8 0.3 15 58.0 0.1 0.0 0.2 0.3 262.7 0.0 255.6 1.2 0.0 202.5 0.0 9 0.0 0.0 255.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 L44205 Gvrmn-pnoe nepie 0. 6. 2. 6. 6. 8. 4. 5. 2. 47 528.7 557.0 547.9 484.2 467.7 36 460.5 41.3 42 1026.1 39 528.7 39.3 4521.0 1035.7 467.7 41 4403.2 968.5 55LM904022005Discrepancy(3) 2325.8 38.8 35 4300.7 408.3 960.4 2232.3 313.5 54LM264022005Restoftheworld 3979.3 34.0 2184.6 962.9 38 319.4 4018.9 1342.5 2181.1 53FL504022005Otherfinancialbusiness 33.6 3995.9 1004.6 334.4 52LM734022605Holdingcompanies 1302.4 2177.0 4521.0 1026.1 51LM664022005Brokersanddealers 1268.3 2073.4 31.1 29 340.2 4018.9 962.9 86.7 34 1190.8 2325.8 50LM644022005REITs 309.0 3502.6 5124.5 41.3 975.6 1192.8 2177.0 49LM613063003Financecompanies 86.7 31 4866.6 334.4 1194.3 28 2061.9 48FL674022005ABSissuers 32 1973.1 33.6 4588.3 399.1 35872.9 47LM404022005Government-sponsoredenterprises 1342.5 87.6 1924.6 313.5 34965.0 4272.1 388.6 1192.8 34028.0 19.5 1889.5 46LM564022005Exchange-tradedfunds 309.0 4083.5 30139.3 85.3 1118.6 1757.9 45LM554022005Closed-endfunds 380.1 28694.6 4058.5 318.1 28191.1 44LM654022005Mutualfunds 1708.2 80.2 26 5124.5 364.5 35872.9 43FL634022005Moneymarketfunds 1676.2 7536.4 28694.6 4083.5 328.3 26184.0 79.1 1973.1 7424.5 42LM224022045Stateandlocalgovt.retirementfunds 3760.5 1708.2 7680.1 41LM344022005Federalgovernmentretirementfunds 322.0 86.7 40LM574022005Privatepensionfunds 1587.8 7649.3 399.1 39LM544022005Lifeinsurancecompanies 7883.8 80.2 38LM514022005Property-casualtyinsurancecompanies 328.3 7705.8 7536.4 75.8 15 253.2 37LM474022005Creditunions 34.4 7883.8 36LM744022003BanksinU.S.-affiliatedareas 35LM754022005ForeignbankingofficesinU.S. 7070.6 36.2 34LM764022005U.S.-chartereddepositoryinstitutions 33LM714022005Monetaryauthority 43.3 32FL794022005Domesticfinancialsectors 14 51.1 262.4 16 31LM214022005Stateandlocalgovernments 7665.8 38.5 30FL314022005Federalgovernment 17 251.4 7417.7 2428.3 29LM114022005Nonfinancialnoncorporatebusiness 242.3 7305.1 9 2428.4 28LM104022005Nonfinancialcorporatebusiness 39.8 12 27LM154022005Householdsector 7318.1 13 3164.6 202.3 2417.6 232.9 15647.0 34.4 7002.2 3137.0 2429.8 15355.9 205.5 26FL384022005Domesticnonfinancialsectors 209.7 6952.7 15302.2 3102.2 2406.0 38.5 15242.4 206.9 10 209.7 7665.8 3081.1 2369.1 25FL894022005Totalassets 14716.6 7256.8 14631.9 7002.2 3075.3 209.2 2428.3 40.8 262.4 7219.1 15647.0 24LM264122005Restoftheworld 6797.3 3041.3 2406.0 14716.6 212.1 7175.4 209.7 14282.8 3164.6 2292.3 23FL504122005Otherfinancialbusiness 6811.6 213.2 247.5 3075.3 8 22FL734122005Holdingcompanies 6571.9 3066.1 21FL663163003Brokersanddealers 202.3 34244.7 6586.9 33482.2 20FL644122005REITs 212.1 32876.2 7256.8 29641.5 19FL614122005Financecompanies 6571.9 215.2 28899.2 18FL674122005ABSissuers 28434.6 6302.8 6 17FL413065005Agency-andGSE-backedmortgagepools 34244.7 15267.5 28899.2 16FL403161705Government-sponsoredenterprises 4 15059.6 27449.1 15FL753169175ForeignbankingofficesinU.S. 10114.3 14920.2 14FL764122005U.S.-chartereddepositoryinstitutions 9866.2 14129.5 14062.2 9743.7 13955.5 13FL794122005Domesticfinancialsectors 9769.1 15267.5 14062.2 9429.5 12FL213162005Stateandlocalgovernments 13343.0 11FL314122005Federalgovernment 9343.2 10114.3 10FL104122005Nonfinancialcorporatebusiness 9429.5 9FL163162003Nonprofitorganizations(2) 9112.6 8FL384122005Domesticnonfinancialsectors 7FL894122005Totalliabilities Bysector 6FL893163005Corporateandforeignbonds 5FL383162005Municipalsecurities 4FL893161705Agency-andGSE-backedsecurities 3FL313161105Treasurysecurities 2FL893169175Openmarketpaper 1FL894122005Totaldebtsecurities Byinstrument Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.208 DebtSecurities(1) (3) Theaccumulatedvaluation differencebetweenissuanceandholdings. (2) Liabilityofthehouseholds andnonprofitorganizationssector(tables L.101andB.101). (1) Sumofopenmarket paper, Treasurysecurities,agency-andGSE-backed securities,municipalandcorporate andforeignbonds. 18. 27. 25. 29. 27. 29. 22. 26. 25. 54 12954.5 12768.4 12721.2 12191.5 12070.9 12094.6 12954.5 12070.9 11186.0 25 56363.9 55157.9 54429.3 49980.1 48649.3 47991.6 56363.9 48649.3 44440.6 11 23621.1 22920.6 22391.7 19539.6 19039.9 18593.1 23621.1 19039.9 7 17865.0 53919.5 52707.9 51931.5 48376.0 47420.3 46769.7 53919.5 47420.3 3 45138.1 23600.9 22900.4 22370.7 1 19518.4 53919.5 19018.7 52707.9 18571.7 51931.5 23600.9 48376.0 19018.7 47420.3 17842.1 46769.7 53919.5 47420.3 45138.1 0821 002019 2020 2019 2018 51858. 61757. 16340. 15350. 61744 5611.7 43 3185.3 5409.3 3290.6 5105.3 3544.2 4805.1 40 2568.7 5186.3 1806.2 2181.3 5075.1 1743.0 2029.8 5611.7 1706.3 3185.3 5186.3 1617.7 2181.3 4541.8 1607.8 1862.3 1572.9 33 1806.2 7365.6 1607.8 7163.7 1416.1 6847.7 5312.9 4011.9 3897.9 27 7365.6 5077.1 4011.9 5024.2 3982.6 5322.5 5441.2 5766.7 24 4027.8 5628.1 3869.8 5077.1 22 3753.1 5766.7 1577.3 3492.1 5153.3 1569.1 3804.5 1606.9 3703.2 1538.2 18 4027.8 1445.7 1236.3 3804.5 1468.0 1234.2 3406.1 1577.3 1234.6 1445.7 1244.6 1401.7 1206.6 1191.7 1236.3 1206.6 1148.9 5 3949.9 3924.7 3890.2 3870.2 3864.7 3824.4 3949.9 3864.7 3844.5 7. 2. 1. 3. 2. 4. 8. 8. 1. 53 312.2 55 51 -2444.4 285.8 354.5 -2450.0 50 287.3 -2497.9 399.4 236.8 -1604.1 244.2 464.0 -1229.0 234.5 -1221.9 220.0 470.4 241.7 -2444.4 236.7 -1229.0 412.6 246.3 697.5 45 46 312.2 172.6 1066.3 449.7 386.7 1007.1 220.0 166.4 354.5 384.3 944.1 275.7 162.2 412.6 236.8 830.5 151.8 443.9 386.7 825.0 171.5 324.5 789.6 171.2 37 1066.3 172.6 311.0 825.0 171.5 290.9 636.1 161.0 267.5 235.2 221.3 216.8 311.0 221.3 201.8 23 855.5 21 865.3 183.9 20 585.9 857.4 165.4 19 574.4 782.0 817.2 179.7 566.3 859.1 813.9 256.9 529.4 846.2 849.0 174.0 539.3 855.5 859.4 183.3 521.4 859.1 835.4 183.9 585.9 821.2 850.0 174.0 539.3 817.2 184.0 470.0 835.4 879.2 2 986.9 956.9 1006.6 1088.8 1045.2 1074.9 986.9 1045.2 996.0 7412014018612013417418114052 49 124.0 72.8 48 118.1 30.3 70.9 127.4 29.5 68.2 123.4 30.6 132.0 58.8 32.0 128.6 60.0 124.0 33.0 56.7 132.0 29.1 72.8 97.4 30.3 60.0 33.0 55.3 20.4 ...... 30 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 117

Levels Levels 1 F43615 oenetsosrdetrrss69717369718275627331 7.3 6.2 7.5 8.2 28 9.8 25 7.1 7.5 10.1 23 0.0 6.9 6.7 5.5 0.0 7.3 22 6.1 13.8 2.0 20 0.0 7.1 10.8 87.0 6.8 3.9 0.0 11.9 85.2 6.9 9.7 17 11.8 0.0 9.8 83.0 0.0 9.0 27.5 16 76.9 0.0 19 10.8 0.0 0.0 287.4 0.0 7.5 77.9 52.1 272.5 0.0 0.0 0.0 34LM263069103Restoftheworld 0.0 9.7 77.5 249.5 0.0 0.0 33FL503069105Otherfinancialbusiness 0.0 253.6 2.0 87.0 9.2 32FL663069103Brokersanddealers 14 244.9 0.0 31FL403069105Government-sponsoredenterprises 0.0 118.3 0.0 77.9 0.0 241.6 30FL653069100Mutualfunds 118.0 0.0 78.2 0.0 9 29FL633069175Moneymarketfunds 287.4 0.0 132.9 34.4 244.9 0.0 28FL223069143Stateandlocalgovt.retirementfunds 0.0 143.1 8 27FL573069105Privatepensionfunds 36.2 162.1 145.7 95.0 0.0 0.0 26FL543069105Lifeinsurancecompanies 43.3 150.6 25FL513069105Property-casualtyinsurancecompanies 89.5 0.0 118.3 51.1 0.0 24FL473069153Creditunions 84.5 145.7 23FL753069603ForeignbankingofficesinU.S.(1) 38.5 0.0 22FL763069175U.S.-chartereddepositoryinstitutions(1) 80.0 151.4 21FL713069603Monetaryauthority 39.8 3 68.4 132.1 20FL213069103Stateandlocalgovernments 34.4 122.2 68.7 19FL103069100Nonfinancialcorporatebusiness 38.5 166.1 95.0 18FL893169175Totalassets 243.1 40.8 68.4 17FL753169603ForeignbankingofficesinU.S. 194.5 16FL763169603U.S.-chartereddepositoryinstitutions 87.5 216.3 15FL703169605Bankers’acceptances(1) 132.1 14FL503169105Otherfinancialbusiness 194.5 13FL733169103Holdingcompanies 196.5 12FL643169173REITs 11FL613169100Financecompanies 10FL673169105ABSissuers 9FL753169103ForeignbankingofficesinU.S. 8FL763169103U.S.-chartereddepositoryinstitutions 7FL793169100Financialbusiness 6FL263169123Financial 5FL263169110Nonfinancial 4FL263169105ForeignissuesinU.S. 3FL103169100Nonfinancialcorporatebusiness 2FL893169105Commercialpaper 1FL893169175Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.209 OpenMarketPaper 118 (1) Excludesbanks’holdingsofownacceptances.

Z.1, March11,2021 0821 002019 2020 2019 2018 2. 3. 0. 3. 3. 1. 3. 1. 0. 34 103.7 33 112.0 127.0 132.4 110.1 115.0 111.6 29 130.3 167.5 173.4 137.1 149.1 177.9 103.7 162.7 219.0 130.3 127.0 225.4 124.7 149.1 237.2 205.0 241.9 173.4 237.2 193.7 18 986.9 956.9 1006.6 1088.8 1045.2 1074.9 986.9 1045.2 7 996.0 382.3 6 378.7 423.7 4 403.1 394.8 472.5 422.0 365.2 456.0 397.9 359.7 437.4 402.4 395.0 2 423.6 382.3 986.9 389.0 452.8 1 397.9 956.9 423.7 986.9 456.2 431.2 1006.6 395.0 956.9 472.5 1088.8 316.8 1006.6 452.8 1045.2 1088.8 1074.9 368.3 1045.2 986.9 1074.9 1045.2 986.9 996.0 1045.2 996.0 1485821. . 071. 108232 8.2 11.0 13.0 20.7 30 107.5 27 8.5 36.5 96.7 26 29.1 36.9 13.8 104.1 27.5 37.2 107.3 8.2 102.8 25.2 37.5 8.5 102.4 27.5 37.4 107.5 11.4 28.8 37.6 102.8 32.2 36.5 81.7 29.1 37.4 28.8 37.6 33.1 11 42.6 10 86.8 43.7 87.8 50.8 86.7 5 61.7 48.8 80.7 63.5 61.2 75.9 59.8 72.2 79.7 42.6 63.9 86.8 63.5 57.8 75.9 64.6 67.2 80.9 48.8 57.8 51.5 ...... 24 0.3 21 0.3 0.0 0.7 0.0 1.2 0.0 0.7 0.0 0.4 0.0 15 0.0 0.3 0.0 13 0.0 5.2 12 0.7 0.0 0.0 0.0 3.6 0.2 0.0 0.0 0.0 4.9 0.0 0.0 0.0 5.4 0.0 0.0 5.9 0.0 0.0 3.8 0.0 0.0 5.2 0.0 0.0 5.9 0.0 5.9 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 L23610 OhrTesr euiis52. 94664. 03358. 20060. 03764. 57 6044.2 6053.7 6005.7 6220.0 5984.6 6023.3 50 6044.2 259.8 5984.6 279.1 5523.5 257.0 47 44 1230.7 194.5 434.4 1209.4 175.8 429.9 1162.2 159.3 476.5 1074.4 1265.6 259.8 450.5 40 1212.2 175.8 306.3 414.5 41 1230.7 58LM903061103Discrepancy(4) 342.8 120.0 300.6 331.3 1265.6 324.1 57LM263061120OtherTreasurysecurities 1053.1 37 291.0 434.4 209.8 56LM263061110Treasurybills 254.8 279.5 414.5 55LM263061105Restoftheworld 207.2 325.2 262.5 282.6 34 54FL503061303Otherfinancialbusiness 203.3 220.1 343.2 53LM733061103Holdingcompanies 255.1 200.3 52LM663061105Brokersanddealers 221.8 38 344.5 31 306.3 2296.0 106.2 174.6 219.5 51FL673061103ABSissuers 342.8 2203.6 262.5 27 50LM403061105Government-sponsoredenterprises 104.4 171.9 2157.5 219.4 343.2 13.8 49LM563061103Exchange-tradedfunds 263.4 2156.6 106.1 209.8 48LM553061103Closed-endfunds 206.0 367.9 15.1 2150.2 117.1 174.6 204.4 29 47LM653061125OtherTreasurysecurities 2047.1 26 185.7 17.6 46LM653061113Treasurybills 116.0 146.6 99.8 2296.0 220.1 45LM653061105Mutualfunds 182.5 2150.2 115.3 14.7 206.0 109.0 2039.2 178.4 44FL633061120OtherTreasurysecurities 106.2 195.0 16.6 43FL633061110Treasurybills 117.1 25 168.6 116.0 42FL633061105Moneymarketfunds 1044.1 24 116.4 21 14.0 4891.5 153.4 969.6 1019.5 110.6 41LM223061143Stateandlocalgovt.retirementfunds 121.1 4730.0 926.6 152.2 950.0 13.8 4481.9 17 132.3 40LM343061155Definedcontributionplans 18 724.4 185.7 68.9 927.8 80.3 3431.5 19 39LM343061165Definedbenefitplans 16.6 99.8 1085.3 38LM343061105Federalgovernmentretirementfunds(3) 2372.3 704.1 153.4 815.8 72.3 80.3 1056.6 10.2 2360.5 121.1 674.5 156.8 37LM573061133Definedcontributionplans 774.3 1017.1 4891.5 83.3 81.1 36LM573061143Definedbenefitplans 125.6 900.2 1044.1 770.8 2372.3 35LM573061105Privatepensionfunds 15 704.1 68.9 79.0 2338.0 852.1 147.0 969.6 16 12 34LM543061125OtherTreasurysecurities 1620.2 569.8 22.7 824.6 148.6 48.0 774.3 33LM543061115Treasurybills 74.3 1434.8 32LM543061105Lifeinsurancecompanies 1085.3 149.7 704.5 1433.2 28.1 45.9 31LM513061125OtherTreasurysecurities 73.2 11 852.1 1391.5 30LM513061115Treasurybills 150.0 95.7 33.1 9 68.9 29LM513061105Property-casualtyinsurancecompanies 1824.0 770.7 80.3 151.3 292.7 95.7 1808.5 33.8 28LM473061105Creditunions 48.0 74.3 152.4 1620.2 287.1 27LM743061103BanksinU.S.-affiliatedareas 8 95.6 1824.0 32.7 5 26LM753061103ForeignbankingofficesinU.S. 147.0 54.4 70.2 278.2 115.8 25LM763061100U.S.-chartereddepositoryinstitutions 1492.1 7.3 0.0 151.3 36.9 267.4 106.6 24LM713061125OtherTreasurysecurities 155.8 7.3 250.8 89.2 0.0 23LM713061113Treasurybills 22.7 10 6 22LM713061103Monetaryauthority 1980.8 243.4 84.4 2654.7 32.7 7.3 1894.2 0.0 21LM213061103OtherTreasurysecurities 292.7 2560.2 1857.8 77.8 20FL213061120SLGS(line8) 36.6 2503.6 8.8 250.8 1867.0 95.7 19LM213061105Stateandlocalgovernments 2402.6 53.8 1877.2 253.4 0.0 2389.8 18LM113061003Nonfinancialnoncorporatebusiness 8.8 1781.5 17LM103061103Nonfinancialcorporatebusiness 115.8 2268.0 2 1980.8 4 2654.7 20946.2 0.0 8.8 77.8 1877.2 16LM153061185OtherTreasurysecurities 20340.2 15975.8 2389.8 1763.9 19867.0 15FL313161400U.S.savingssecurities(line7) 15304.8 66.2 17115.8 2275.9 14LM153061105Householdsector 7.3 14780.9 16628.9 14449.9 16303.7 14203.7 13FL893061105Totalassets 20946.2 13918.5 8.8 16628.9 15975.8 15566.2 12FL313161375Othernonmarketablesecurities 14203.7 13216.5 11FL503061303HeldbyFederalReservecreditfacilityLLCs 10.3 10FL343061145Federalgovt.definedbenefitpensionplans 9FL343061123ThriftSavingsPlanGFund 8FL213061120Stateandlocalgovernmentseries(SLGS) 7FL313161400U.S.savingssecurities 6FL313161305NonmarketableTreasurysecurities 5FL313161283HeldintheCivilServiceRetirementFund(2) 4FL313161275OtherTreasurynotes,bonds,andTIPS 3FL313161110Treasurybills 2FL313161205MarketableTreasurysecurities 1FL313161105Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.210 TreasurySecurities(1) (4) Theaccumulatedvaluation differencebetweenissuanceandholdings. (3) Comprisedprimarily ofnonmarketableTreasurysecurities. (2) Long-termmarketable securitiesissuedtotheCivilServiceRetirement FundbytheFederalFinancingBank.Thesesecurities arenotcurrentlytradedinthemarket. holdingsasreportedontheMonthlyStatement ofthePublicDebt. Accounts,nonmarketablegovernmentsecurities heldbyfederalgovernmentemployeedefinedbenefitretirementfundsareconsideredpartof thefinancialbusinesssectorasopposedtointragovernmental (1) IncludesmarketableandnonmarketableTreasury securitiesheldbythepublic(netofpremiumsanddiscounts)Treasury federalgovernmentemployeeretirementfunds.IntheFinancial 78. 92. 40. 89. 92. 03. 35. 42. 40. 13 24505.3 24027.4 23555.2 20735.0 19422.1 18998.7 24505.3 19422.1 17681.3 1 23600.9 22900.4 22370.7 19518.4 19018.7 18571.7 23600.9 19018.7 17842.1 0821 002019 2020 2019 2018 20169. 01567. 60864. 06677. 01555 7071.5 7071.0 7046.6 6949.5 6690.8 6773.4 7071.5 6690.8 6270.1 45 1276.4 1253.7 1206.8 1114.1 1310.9 1268.2 1276.4 39 1310.9 1989.7 1146.4 1903.0 1866.5 1877.1 1887.7 1791.9 1989.7 1887.7 1775.8 22 5217.9 5056.0 4807.9 3757.4 2540.7 2366.5 5217.9 2540.7 2338.0 14 1767.3 1583.4 1582.9 1541.5 1975.3 1960.9 1767.3 1975.3 1647.9 3 4963.1 5028.1 5078.8 2657.1 2416.4 2376.4 4963.1 2416.4 2339.4 6. 434-0. 470-0. 11. 18. 12. 94458 -904.4 56 1027.3 -1127.0 -1184.5 1017.3 -1216.6 1040.9 52 -403.4 175.9 729.5 -427.0 202.6 706.2 -904.4 49 254.2 750.1 -403.4 276.6 258.3 160.8 1027.3 276.3 706.2 229.5 271.3 746.7 238.3 262.9 175.9 231.8 229.5 226.8 43 276.4 1821.9 276.6 1845.2 42 231.8 2256.4 1873.2 2275.2 178.7 817.3 2349.8 622.0 1267.8 614.3 1036.5 36 287.0 945.6 35 1821.9 496.7 622.0 280.6 2256.4 487.9 1036.5 590.9 273.1 873.5 32 476.4 263.2 252.2 463.5 246.1 253.3 420.7 242.0 242.2 413.9 287.0 243.9 496.7 246.1 215.3 420.7 225.4 214.3 371.9 252.2 215.3 203.7 7 147.0 148.6 149.7 150.0 151.3 152.4 147.0 151.3 155.8 485. 245. 825. 555. 2453 62.4 54.8 51 30.3 55.5 29.5 54.3 30.6 46 58.2 45.7 32.0 55.9 44.3 33.0 62.4 44.6 29.1 58.2 39.8 30.3 34.8 45.3 33.0 56.1 20.4 45.7 45.3 93.2 30 79.5 78.1 28 46.6 72.3 43.4 51.5 42.2 37.4 38.7 36.9 37.5 79.5 34.9 20 115.8 37.4 46.6 106.6 46.2 37.5 89.2 31.1 84.4 77.8 53.8 115.8 77.8 66.2 . . 570000009. 579. 54 95.7 95.7 95.6 48 3.0 0.0 2.9 0.0 2.8 0.0 2.7 95.7 3.2 0.0 3.5 0.0 3.0 3.2 3.5 33 32.1 31.4 22.7 24.5 9.3 9.9 32.1 23 9.3 326.4 326.0 8.7 325.9 325.9 168.5 6.0 326.4 168.5 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 119

Levels Levels 2 L43675 Gvrmn-pnoe nepie 5. 6. 4. 7. 6. 6. 6. 5. 4. 22 245.0 18 11.7 254.5 13 265.4 11.5 15.0 19 197.4 263.8 10.9 12.2 205.8 265.1 12 10.3 9.1 60.7 202.0 273.6 15 177.7 10.7 245.0 56.1 155.9 7.2 166.7 265.1 10.6 155.7 59.7 8.0 179.0 258.0 147.9 28LM903061703Discrepancy(2) 11.7 59.4 9 197.4 7 153.0 7.8 27LM263061705Restoftheworld 536.9 10.7 23.0 53.2 166.7 149.7 524.4 26LM733061703Holdingcompanies 11 15.0 141.8 9.2 24.1 52.1 3061.0 142.8 25LM663061703Brokersanddealers 524.8 2804.6 8.0 155.9 27.8 60.7 541.8 24LM643061773REITs 2650.3 23FL673061703ABSissuers 149.7 2582.8 536.2 23.0 8.0 53.2 2408.2 127.0 22LM403061705Government-sponsoredenterprises 533.4 16.0 42.9 2411.1 21LM653061703Mutualfunds 536.9 20FL633061700Moneymarketfunds 3061.0 15.3 2408.2 536.2 19LM223061743Stateandlocalgovt.retirementfunds 2239.3 18LM343061705Federalgovernmentretirementfunds 23.0 513.4 3 17LM573061705Privatepensionfunds 7665.8 16.0 4 16LM543061705Lifeinsurancecompanies 7417.7 2428.3 15LM513061705Property-casualtyinsurancecompanies 18.1 7305.1 2428.4 7318.1 2417.6 14LM473061705Creditunions 7002.2 13LM743061703BanksinU.S.-affiliatedareas 2429.8 12LM753061703ForeignbankingofficesinU.S. 6952.7 2406.0 11LM763061705U.S.-chartereddepositoryinstitutions 7665.8 2369.1 7002.2 2428.3 10LM713061705Monetaryauthority 6797.3 2406.0 9LM213061703Stateandlocalgovernments 2292.3 8FL313061703Federalgovernment 7LM103061703Nonfinancialcorporatebusiness 6LM153061705Householdsector 5FL893061705Totalassets 4FL413065005Agency-andGSE-backedmortgagepools 3FL403161705Government-sponsoredenterprises 2FL313161705Budgetagencies 1FL893161705Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.211 Agency-andGSE-BackedSecurities(1) 120 (2) Theaccumulatedvaluationdifferencebetweenissuanceandholdings. consideredofficiallytobepartofthetotaldebtfederalgovernment,whichisshownontableL.106,line20. andagency-GSE-backedmortgagepoolsecuritiesissuedbyGinnieMae,FannieFreddieMac,theFarmersHomeAdministration(line4).Onlybudgetagencyissuesare (1) Agency-andGSE-backedsecuritiesinclude:issuesoffederalbudgetagencies(line2)suchasthosefortheTVA;governmentsponsoredenterprises3)FannieMae FHLB;

Z.1, March11,2021 0821 002019 2020 2019 2018 07018. 18517. 12118. 22618. 18527 1198.5 1183.4 1232.6 1283.6 1182.1 1171.2 1198.5 1182.1 1087.0 10 2147.8 2107.8 2039.9 1555.5 1471.1 1531.5 2147.8 1471.1 5 1644.6 10389.7 10192.9 10137.4 10193.6 9642.8 1 9573.4 10114.3 9866.2 10389.7 9642.8 9743.7 9043.5 9769.1 9429.5 9343.2 10114.3 9429.5 9112.6 7. 3. 0. 3. 3. 1. 0. 0. 0. 24 208.0 206.6 21 209.9 689.8 20 210.5 630.3 663.0 334.5 699.8 553.4 17 335.4 826.2 682.8 235.2 208.0 931.1 16 654.0 228.1 393.0 334.5 755.1 632.7 223.4 392.2 273.7 14 696.0 689.8 240.6 237.8 391.3 630.3 654.0 229.1 222.7 407.1 755.1 603.6 223.2 201.8 388.4 644.9 235.2 174.4 391.4 229.1 165.0 393.0 205.0 164.7 388.4 6 237.8 364.9 213.2 165.0 305.2 155.3 394.4 724.9 700.8 649.6 213.2 700.8 593.1 154. 434. 494. 943. 4326 34.3 28 -275.4 37.1 25 -326.8 95.2 39.4 -393.7 98.3 -424.5 41.9 -213.4 127.2 44.9 -230.2 122.2 -275.4 42.9 104.1 -213.4 109.4 34.3 69.0 95.2 44.9 104.1 41.5 72.3 2 20.2 20.2 21.0 21.2 21.2 21.5 20.2 21.2 22.9 ...... 23 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

4 L43605 Gvrmn-pnoe nepie ...... 24 2.8 3.0 3.0 19 3.2 0.0 18 0.1 3.3 0.0 0.0 14 0.1 3.3 0.0 13 0.0 0.0 1.0 2.8 0.0 0.0 0.0 1.2 3.3 0.0 0.1 11 0.0 16 18.7 10 1.2 3.9 299.7 0.0 6.4 0.0 0.0 292.3 18.3 1.2 9 0.0 6.4 287.7 12 0.1 17.8 0.0 19.8 512.6 1.2 281.1 0.0 28LM903062003Discrepancy(3) 6.5 16.5 19.7 504.9 0.1 0.0 285.2 0.1 27FL263062003Restoftheworld 501.5 4.0 6.3 16.7 19.4 289.4 0.0 0.0 26FL503062003Otherfinancialbusiness 484.0 1.2 299.7 16.6 19.0 25LM663062003Brokersanddealers 5.9 471.7 0.0 24LM403062005Government-sponsoredenterprises 285.2 5 18.7 1.2 19.3 6 470.9 5.9 202.3 291.6 23LM563062003Exchange-tradedfunds 583.1 0.0 16.7 19.2 512.6 22LM553062003Closed-endfunds 205.5 6.4 582.2 21LM653062003Mutualfunds 471.7 16.8 19.8 20FL633062000Moneymarketfunds 206.9 581.1 499.8 5.9 209.2 19LM223062043Stateandlocalgovt.retirementfunds 19.3 579.9 18LM343062033Federalgovernmentretirementfunds 212.1 2 577.2 5.6 18.5 3164.6 17LM543062005Lifeinsurancecompanies 213.2 569.9 16LM513062005Property-casualtyinsurancecompanies 3137.0 202.3 3102.2 583.1 15LM473062005Creditunions 212.1 3081.1 577.2 14LM743062003BanksinU.S.-affiliatedareas 3075.3 215.2 13LM753062003ForeignbankingofficesinU.S. 563.1 3041.3 12LM763062000U.S.-chartereddepositoryinstitutions 3164.6 11LM213062003Stateandlocalgovernments 3075.3 3066.1 10LM113062003Nonfinancialnoncorporatebusiness 9LM103062003Nonfinancialcorporatebusiness 8LM153062005Householdsector 7FL893062005Totalassets (industrialrevenuebonds) 6FL103162000Nonfinancialcorporatebusiness 5FL163162003Nonprofitorganizations(2) 4FL213162200Long-term 3FL213162400Short-term(1) 2FL213162005Stateandlocalgovernments 1FL383162005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.212 MunicipalSecurities (3) Theaccumulatedvaluationdifferencebetweenissuanceandholdings. (2) Liabilityofthehouseholdsandnonprofitorganizationssector(tablesL.101B.101). (1) Debtwithoriginalmaturityof13monthsorless. 0821 002019 2020 2019 2018 86110. 99310. 94318. 90810. 9938 1909.3 7 1905.4 4294.5 1900.8 4227.9 1880.2 4175.8 1904.3 4082.3 1901.7 4 4155.7 1909.3 3117.8 4120.5 1904.3 3092.2 4294.5 1866.1 3061.1 4155.7 1 3038.1 3984.7 3949.9 3030.5 3924.7 3001.2 3890.2 3117.8 3870.2 3030.5 3864.7 3028.1 3824.4 3949.9 3864.7 3844.5 102-9. 346-9. 211-1. 256-0. 34628 -344.6 -303.2 -285.6 -212.1 -291.1 -296.1 -344.6 -291.1 -140.2 9. 3. 9. 0. 3. 8. 1. 5. 9. 21 893.1 20 112.6 857.5 121.4 814.7 136.5 786.2 17 130.7 220.6 831.0 134.0 217.9 805.2 130.3 216.1 893.1 112.6 212.0 831.0 134.0 215.0 693.6 142.8 210.7 220.6 215.0 190.0 071. . 041. 37871. . 25 6.8 27 115.9 10.4 107.9 23 64.5 22 8.7 107.2 95.2 58.3 102.9 13.7 93.2 103.7 54.3 16.4 91.8 102.5 49.3 20.4 89.6 115.9 49.3 103.7 6.8 93.2 45.4 99.7 93.4 16.4 64.5 95.2 20.7 49.3 93.2 37.0 88.4 3 46.8 44.8 41.1 43.0 44.8 40.1 46.8 44.8 38.0 ...... 26 6.3 1.7 1.2 0.0 0.0 0.0 6.3 15 10.1 0.0 8.6 0.0 7.4 6.3 5.5 4.5 10.1 5.5 4.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 121

Levels Levels 7 L43605 Gvrmn-pnoe nepie 951. 381. 651. 491. 3837 13.8 14.3 14.9 14.5 31 16.5 18.0 17.4 17.1 32 476.1 13.8 16.2 495.8 48LM903063003Discrepancy(5) 16.5 506.1 14.2 47LM263063095Other 46LM263063603MBSandotherABS 19.5 443.7 27 16.1 3626.1 45LM263063005Restoftheworld(4) 442.2 3512.3 20 15.8 44FL503063005Otherfinancialbusiness 12.5 469.3 3425.9 43LM733063003Holdingcompanies 3088.8 18.0 24 476.1 42LM663063005Brokersanddealers 10.9 693.8 3171.4 442.2 16.1 41LM643063005REITs 3147.3 10.9 665.1 40LM613063003Financecompanies 409.8 3626.1 13.4 648.1 39LM403063095Other 10.9 19 3171.4 38LM403063605MBSandotherABS 153.0 581.4 2710.9 37LM403063005Government-sponsoredenterprises 7.8 154.4 594.8 36LM563063003Exchange-tradedfunds 157.7 8.0 601.0 35LM553063003Closed-endfunds 15 34LM653063005Mutualfunds 245.2 164.4 16 693.8 33FL633063005Moneymarketfunds 504.7 12.5 240.2 134.7 594.8 533.8 32LM223063045Stateandlocalgovt.retirementfunds 246.8 7.8 150.0 534.0 31LM343063005Federalgovernmentretirementfunds 498.2 222.5 30LM573063005Privatepensionfunds 153.0 0.1 453.3 225.3 134.7 29LM543063095Other 499.5 28LM543063675MBSandotherABS 224.1 149.7 27LM543063005Lifeinsurancecompanies 502.0 245.2 26LM513063095Other 504.7 225.3 25LM513063605MBSandotherABS 499.5 24LM513063005Property-casualtyinsurancecompanies 208.6 451.6 23LM473063095Other 22LM473063605MBSandotherABS 21LM473063005Creditunions 4 20LM743063005BanksinU.S.-affiliatedareas 167.4 3 19LM753063005ForeignbankingofficesinU.S. 161.9 5170.6 18LM763063095Other 5131.1 157.8 17LM763063605MBSandotherABS 5176.4 2 16LM763063005U.S.-chartereddepositoryinstitutions 152.9 5072.5 6541.6 15LM213063003Stateandlocalgovernments 141.3 4910.4 6514.7 14FL313063763Federalgovernment 4907.7 6428.2 141.0 5170.6 5988.5 13LM153063005Householdsector 167.4 4910.4 5800.1 141.3 12FL893063005Totalassets(3) 4762.1 5800.7 6541.6 160.0 11LM263163005Restoftheworld(2) 5800.1 5543.2 10FL503163005Otherfinancialbusiness 9FL733163003Holdingcompanies 8FL663163003Brokersanddealers 7FL643163005REITs 6FL613163005Financecompanies 5FL673163005ABSissuers(net)(1) 4FL763163005U.S.-chartereddepositoryinstitutions 3FL793163005Domesticfinancialsectors 2FL103163003Nonfinancialcorporatebusiness 1FL893163005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.213 CorporateandForeignBonds 122 (5) Theaccumulatedvaluationdifferencebetween issuanceandholdings. (4) HoldingsofU.S.issuesbyforeignresidents. (3) Forsomesectors,holdingsofMBSandotherABSareshownseparately. includeprivatelyissuedmortgage-backedsecuritiesandotherasset-backedbonds. (2) HoldingsofforeignissuesbyU.S.residents. (1) Liabilitiesnetofassets.

Z.1, March11,2021 23. 48. 68. 42. 48. 38. 55. 55. 68. 12 16187.5 15752.7 15554.3 13880.4 14383.5 14224.0 16187.5 14383.5 12735.0 1 15267.5 15059.6 14920.2 14129.5 14062.2 13955.5 15267.5 14062.2 13343.0 0821 002019 2020 2019 2018 23432. 01737. 66432. 84735. 01747 4091.7 45 3950.6 4464.9 3874.7 4294.1 3420.0 4202.4 3626.4 3740.5 3573.6 3964.0 4091.7 3910.4 3626.4 4464.9 3253.4 3964.0 3604.4 34 2644.9 2538.5 2426.3 2114.6 2287.6 2266.5 29 2986.5 2644.9 2897.5 2287.6 2824.5 2016.6 2545.3 2610.1 2586.0 2986.5 2610.1 2212.1 13 1187.3 1230.2 1444.5 11 1294.7 3555.3 1186.2 3413.8 9 1115.9 3315.7 1572.2 1187.3 3068.5 1565.5 1186.2 3351.7 1602.1 1046.1 3247.0 1532.8 5 3555.3 1439.9 1149.5 3351.7 1464.2 1146.4 3037.7 1572.2 1147.9 1439.9 1163.9 1395.8 1130.7 1112.0 1149.5 1130.7 1068.0 0. 312-2. 286-2. 4. 641-9. 90048 -920.0 46 373.2 -693.1 343.5 -634.1 249.1 327.7 -321.2 320.5 -268.6 337.6 -920.0 336.8 -321.2 373.2 607.9 337.6 36 725.2 351.0 672.5 618.5 518.3 544.0 30 1037.7 517.5 990.2 28 725.2 639.6 969.3 544.0 614.8 26 876.1 531.1 420.5 25 601.4 162.7 920.7 509.9 543.5 155.2 898.2 496.9 561.3 151.3 1037.7 445.7 561.4 920.7 135.7 456.0 639.6 801.5 138.8 461.2 561.3 139.8 531.1 498.8 18 162.7 415.6 456.0 138.8 443.2 411.3 122.8 405.9 365.5 414.6 417.7 415.6 414.6 10 737.2 374.5 8 747.2 183.9 7 724.5 165.4 6 585.9 638.9 774.6 179.7 574.4 713.4 770.2 256.9 566.3 695.6 798.2 174.0 529.4 737.2 797.6 183.3 539.3 713.4 771.8 183.9 521.4 669.7 790.2 174.0 585.9 774.6 184.0 539.3 771.8 470.0 814.6 077. 337. 097. 897. 3344 83.3 43 27.3 42 68.4 78.4 26.2 41 28.8 77.0 78.9 40 72.8 32.5 27.9 60.9 76.8 38 10.4 70.9 27.3 31.8 55.5 70.9 11.0 68.2 28.9 35.8 35 54.0 74.0 74.5 11.6 58.8 29.9 52.2 67.8 83.3 70.3 11.1 60.0 27.3 48.9 68.4 70.9 67.6 12.9 56.7 28.9 28.8 54.0 70.7 59.5 13.7 72.8 21.0 52.2 63.0 75.1 10.4 60.0 50.8 74.3 12.9 55.3 74.5 15.5 75.1 69.2 21 16.2 16.0 15.5 17 89.1 14.6 90.6 12.6 92.2 12.3 87.8 16.2 84.9 12.6 84.3 10.4 89.1 84.9 77.1 ...... 39 3.3 3.3 3.4 3.4 33 3.6 12.6 16.3 3.7 12.7 3.3 13.8 3.6 18.5 4.1 23 16.1 0.6 12.6 0.6 22 18.5 15.7 0.5 7.5 15.4 0.5 14.9 0.5 14.1 14 0.5 0.5 12.1 0.5 11.8 0.6 15.7 0.5 0.5 12.1 0.5 0.5 9.9 0.5 0.5 0.5 0.5 0.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F23603 tt n oa ot eieetfns1...... 45 9.2 44 0.0 9.2 0.0 9.2 42 803.9 47 39 6717.5 0.0 41 8.8 48 41.5 802.2 24.0 6506.5 2428.3 6397.4 799.7 15.7 2428.4 43.2 8.4 23.7 6508.2 2417.6 799.8 15.8 44.6 6289.3 23.8 2429.8 38 9.2 784.7 785.6 6247.8 2406.0 23.1 42.5 23.6 6717.5 774.2 2369.1 797.8 9.2 6289.3 0.0 2428.3 40.7 803.9 22.9 859.8 55FL263069500Restoftheworld 6195.6 2406.0 34 8.4 784.7 38.3 262.8 926.4 20.9 15.8 2292.3 54FL503069005Otherfinancialbusiness 31 32 737.2 75.2 53FL733069005Holdingcompanies 260.6 767.9 54.4 12.3 41.5 24.0 0.0 52FL663069005Brokersanddealers 37 257.3 760.7 51FL643065005REITs 73.8 35 54.4 10074.3 40.7 22.9 25351.7 10132.5 254.1 785.6 25071.2 10260.6 50FL614023005Financecompanies 72.8 53.6 25058.5 37.1 10189.2 20.5 257.5 49FL674023005ABSissuers 767.9 25272.2 9784.9 48FL413065005Agency-andGSE-backedmortgagepools 24332.9 72.1 52.7 256.1 739.5 9664.5 24104.8 47FL404023005Government-sponsoredenterprises 25351.7 46FL653069803Mutualfunds 10074.3 72.5 262.8 51.8 24332.9 29 9784.9 22 3345.1 23522.0 257.5 45FL223065043Stateandlocalgovt.retirementfunds 9427.5 0.0 71.3 51.1 3299.6 44FL313169003Federalgovernmentretirementfunds 258.6 3240.8 43FL573065005Privatepensionfunds 75.2 0.0 54.4 42FL544023005Lifeinsurancecompanies 3140.7 41FL513065505Property-casualtyinsurancecompanies 2970.8 72.5 51.8 20 0.0 2964.6 10.0 40FL474023000Creditunions 70.7 49.0 3345.1 39FL744023003BanksinU.S.-affiliatedareas 0.0 11.2 2970.8 38FL754023005ForeignbankingofficesinU.S. 37FL764023005U.S.-chartereddepositoryinstitutions 2856.5 16 6.3 36FL713068005Monetaryauthority 0.0 22.1 35FL794023005Domesticfinancialsectors 6.0 0.0 18 21.8 257.7 34FL213065005Stateandlocalgovernments 17 21.4 3.5 0.0 33FL314023005Federalgovernment 306.8 1925.1 1916.4 380.3 21.2 32FL114023005Nonfinancialnoncorporatebusiness 3.4 0.0 2029.0 31FL104023005Nonfinancialcorporatebusiness 615.1 2367.5 21.1 30FL154023005Householdsector 10.0 0.0 484.9 1954.7 20.8 29FL384023005Domesticnonfinancialsectors 1975.2 502.0 3.5 1925.1 13 14 28FL894123005Totalassets 22.1 257.7 3888.4 6574.0 1954.7 3.3 3867.9 6583.9 484.9 27FL264123005Restoftheworld 2027.4 21.1 4022.5 6499.6 577.3 26FL504123005Otherfinancialbusiness 3986.3 20.1 6267.0 25FL664123005Brokersanddealers 11 3554.9 6115.1 24FL644123005REITs 26922.3 3512.3 6037.7 26610.8 23FL614123005Financecompanies 26412.5 3888.4 22FL403169283Government-sponsoredenterprises 6574.0 26144.4 3554.9 6115.1 25489.8 6 21FL543169373Lifeinsurancecompanies 25214.3 3355.4 5834.4 1753.7 20FL513169333Property-casualtyinsurancecompanies 26922.3 25489.8 1711.1 19FL473169333Creditunions 24488.3 18FL763169305U.S.-chartereddepositoryinstitutions 1679.8 3 1645.2 17FL794123005Domesticfinancialsectors 4419.7 1623.0 4288.6 5 1585.7 16FL213169203Stateandlocalgovernments 2 4272.5 11666.0 15FL314123005Federalgovernment 1753.7 11509.3 4223.1 4509.8 11341.3 1623.0 4282.4 14FL114123005Nonfinancialnoncorporatebusiness 4093.2 11255.1 1488.4 11188.7 13FL104123005Nonfinancialcorporatebusiness 4494.7 4072.2 11117.4 12FL154123005Householdsector 4463.0 4419.7 11666.0 11188.7 3818.7 4093.2 11FL384123005Domesticnonfinancialsectors 10897.7 3783.7 3977.2 10FL894123005Totalliabilities 4223.1 3818.7 Bysector 3675.7 9FL153166000Consumercredit 8FL893065603Farm 7FL893065505Commercial 6FL893065405Multifamilyresidential 5FL893065105One-to-four-familyresidential 4FL893065005Mortgages 3FL893169005Otherloansandadvances 2FL793068005Depositoryinstitutionloansn.e.c. 1FL894123005Totalloans Byinstrument Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.214 Loans(1) (1) Sumofdepositoryinstitution loansnotelsewhereclassified,other loans andadvances,totalmortgages,consumer credit. 71. 83. 90. 76. 83. 99. 98. 96. 90. 28 29604.3 29260.9 29181.4 29290.7 28134.5 27867.1 29604.3 28134.5 27111.9 12 16437.8 16137.2 15869.0 15854.2 10 15782.9 29604.3 15620.3 29260.9 16437.8 29181.4 15782.9 29290.7 15278.5 28134.5 27867.1 29604.3 28134.5 27111.9 4 16783.4 16556.3 16328.4 16181.6 16045.6 1 15897.4 16783.4 29604.3 16045.6 29260.9 15463.9 29181.4 29290.7 28134.5 27867.1 29604.3 28134.5 27111.9 0821 002019 2020 2019 2018 06214. 01414. 01614. 07512. 01450 1021.4 49 1059.9 1020.7 1064.0 1017.5 1066.0 1043.8 1077.5 1041.6 1046.7 1049.0 1039.9 1021.4 1059.9 1041.6 1046.7 1046.2 1008.5 40 1190.8 1186.6 1168.1 1143.6 1133.6 1112.9 1190.8 33 1133.6 1928.0 1065.2 1912.1 1823.8 1703.4 1674.0 1661.8 1928.0 1674.0 1580.5 9 4178.1 4133.6 7 4085.9 3085.0 4136.3 3060.1 4176.9 3034.5 4113.8 3011.5 4178.1 2967.1 4176.9 2932.9 3995.1 3085.0 2967.1 2832.0 3. 3. 0. 9. 3. 7. 8. 9. 0. 55 907.5 890.1 53 109.0 52 882.0 574.4 51 104.6 877.8 258.8 474.7 119.0 830.8 259.7 410.2 128.7 797.8 248.0 431.9 117.7 907.5 250.8 46 410.6 135.7 125.9 830.8 273.9 392.1 134.8 109.0 733.3 285.6 574.4 137.4 117.7 258.8 410.6 140.5 104.3 273.9 375.5 144.1 255.0 146.4 135.7 144.1 163.3 30 1024.7 998.7 1033.4 27 1058.4 756.9 914.9 733.7 924.3 24 739.9 25 252.3 23 1024.7 1037.0 778.7 177.9 914.9 253.9 995.6 690.0 175.2 897.7 265.4 1033.7 677.6 167.1 1114.0 299.0 756.9 160.6 906.1 263.2 690.0 153.6 914.2 260.0 596.1 153.0 1037.0 252.3 906.1 177.9 263.2 882.7 153.6 275.2 147.7 8 278.7 275.7 272.7 269.8 266.8 261.5 278.7 266.8 245.7 831. 832. 902. 252. 8354 38.3 24.4 22.5 26.8 19.0 20.5 43 38.3 26.9 19.0 26.4 18.3 26.1 25.8 25.1 24.8 26.9 25.1 23.8 19 21 43.3 103.9 103.6 47.7 108.2 50.5 107.7 62.9 88.7 52.3 86.1 54.2 103.9 43.3 88.7 52.3 81.1 57.7 . . 2200005. 093. 2236 52.2 31.7 30.9 58.7 0.0 0.0 52.2 0.0 26 43.0 0.0 22.3 17.5 2.4 2.4 2.4 15 43.0 0.0 2.4 0.0 2.4 0.0 15.7 15.8 23.1 0.0 15.8 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 123

Levels Levels 8 F73605 ak nUS-fiitdaes1. 811. 541. 002. 011. 18 18.6 20.1 21.7 17 11 704.7 2.5 20.0 716.3 2.3 18.1 777.8 9 40.7 15.4 843.6 2.7 16 687.3 3361.6 20.0 18.6 3.1 3426.5 12 680.0 185.4 15.1 18.1 3575.9 704.7 3.4 13 3459.0 201.7 0.0 512.8 13.1 687.3 3026.7 222.7 3.0 479.6 3008.8 661.9 0.0 229.0 3361.6 459.7 5 2.5 3026.7 195.1 382.4 483.7 0.0 2927.8 195.6 3.4 346.8 433.8 (3) LoansfromFederalReservebankstothehousehold,brokeranddealer,financecompanies,otherfinancialbusinesssectors. 40.7 185.4 352.3 421.8 (2) LoansfromFederalReservebankstofunding,credit,andliquidityfacilityspecialpurposevehicles. 4.3 195.1 (1) Excludesdepositoryinstitutionlendingintheformofopenmarketpaper,mortgages,andconsumercreditwhichareshownonotherinstrumenttables. 0.0 419.9 512.8 200.2 309.7 19FL473068005Creditunions 433.8 0.0 3 18FL743068005BanksinU.S.-affiliatedareas 4 309.2 341.1 17FL753068005ForeignbankingofficesinU.S. 1129.9 1639.9 16FL763068005U.S.-chartereddepositoryinstitutions 1165.1 382.4 1722.8 1362.5 1715.9 309.7 15FL713068005Monetaryauthority(3) 1368.1 1575.4 311.0 1036.6 14FL793068005Totalassets 1490.3 1032.1 1485.0 13FL263168495Foreignnondepositoryfinancialinstitutions 1129.9 1639.9 12FL263168485Foreignnonfinancialcorporations 1036.6 1490.3 11FL263168465Foreignofficialinstitutions 1015.0 10FL263168005Restoftheworld 1465.2 9FL713068505Otherfinancialbusiness(2) 8FL663168005Brokersanddealers 7FL643168005REITs 6FL613168005Financecompanies 5FL793168005Domesticfinancialsectors 4FL113168005Nonfinancialnoncorporatebusiness 3FL103168005Nonfinancialcorporatebusiness 2FL153168005Householdsector 1FL793068005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.215 DepositoryInstitutionLoansNotElsewhereClassified(1) 124

Z.1, March11,2021 0821 002019 2020 2019 2018 65731. 23138. 88746. 44748. 23114 4223.1 4282.4 4494.7 4463.0 3818.7 3783.7 4223.1 3818.7 3675.7 1 4223.1 4282.4 4494.7 4463.0 3818.7 3783.7 4223.1 3818.7 3675.7 4. 3. 0. 2. 3. 1. 8. 8. 0. 10 700.8 683.6 8 685.1 137.2 6 715.8 123.9 177.4 632.3 130.2 174.5 620.5 191.2 166.5 700.8 126.6 2 159.6 632.3 370.1 125.7 152.7 545.5 364.1 137.2 152.1 378.8 126.6 177.4 383.8 124.3 152.7 349.8 147.1 337.0 370.1 349.8 339.0 308. 607. 668. 838. 6019 86.0 87.8 88.3 81.7 86.6 79.5 86.0 86.6 7 73.0 27.1 28.4 40.5 69.1 30.4 31.4 27.1 30.4 39.6 . . 2200005. 093. 2215 52.2 31.7 30.9 58.7 0.0 0.0 52.2 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

7 F53603 opoi raiain ML)00000000000000000057 0.0 54 3.6 0.0 53 20.1 3.2 55 6.0 0.0 56 5.4 10.5 52 0.3 18.2 0.8 0.0 0.3 1.4 0.0 19.0 0.0 0.0 0.0 0.0 48 22.3 0.0 33.8 0.0 0.0 0.0 0.0 26.8 35.7 0.0 0.0 0.0 19.0 0.0 0.0 37.0 3.6 0.0 20.5 0.0 38.9 20.1 0.0 0.0 18.2 6.0 34.4 0.0 0.0 10.5 46 0.0 19.0 44 36.2 522.9 0.0 0.0 0.0 899.8 38 18.3 513.4 0.0 33.8 41 871.7 37 0.0 36.0 0.0 0.0 514.4 42 903.5 34.4 0.0 482.4 526.3 36.4 33 40 922.8 0.0 39 0.0 35.1 385.0 323.9 496.5 359.9 36 0.0 36.9 779.4 0.0 319.5 327.7 0.0 57FL503069033Nonprofitorganizations (MSLF) 486.2 364.1 0.0 788.5 31 56FL503069023Nonfinancialnoncorporatebusiness(MSLF) 40.0 0.0 337.7 332.4 0.3 522.9 0.0 369.4 55FL503069013Nonfinancialcorporatebusiness(MSLF) 899.8 0.0 0.0 325.7 54FL503069003Liab.:Householdsector(TALFII) 38.7 360.0 496.5 400.0 0.0 53FL503069075Otherfinancialbusinessloans(4) 34 779.4 0.3 0.0 309.0 14.8 348.0 0.0 464.6 39.4 386.7 0.0 758.4 52FL503069805Otherfinancialbusiness 0.5 482.4 354.6 1.7 0.0 394.0 13.2 51FL663069803Brokersanddealers 36.0 0.5 29 0.0 325.7 50FL673069803ABSissuers 35 323.9 359.9 103.9 0.0 28 138.4 13.3 49FL653069803Mutualfunds 4.6 0.0 38.7 10.0 302.3 348.0 0.0 48FL543069873Lifeinsurancecompanies 386.7 103.6 0.0 131.7 47FL153069803Asset:Householdsector 14.2 0.0 39.7 357.3 11.2 8.5 0.0 397.1 108.2 46FL103169803Loanstononfinancialcorporatebusiness(3) 130.7 32 0.0 0.0 153.2 13.0 107.7 6.3 0.4 129.7 45FL153067005Asset:Householdsector 8.4 0.0 144.8 0.4 44FL153067005Cashaccountsatbrokersanddealers 88.7 11.8 0.0 24 126.7 6.0 131.6 26 144.0 0.3 25 0.0 257.7 43FL663067003Liab.:Householdsector 120.7 86.1 14.8 415.6 0.0 132.0 42FL663067003Marginaccountsatbrokersanddealers 143.9 22 3.5 306.8 20 138.4 131.7 17 8.5 470.4 103.9 0.0 13.0 131.5 79.4 139.7 0.0 16 41FL113169535Nonfinancialnoncorporatebusiness 380.3 126.7 132.2 0.0 547.7 88.7 40FL103169535Liab.:Nonfinancialcorporatebusiness 3.4 132.2 132.4 11.9 9.4 81.4 615.1 39FL613069500Financecompanyloanstobusiness 120.4 0.0 131.7 797.2 131.1 15 81.1 153.2 0.0 10.0 484.9 0.0 91.7 132.4 638.9 38FL673069505Liab.:Nonfinancialcorporatebusiness 132.6 139.7 0.0 37FL673069505SecuritizedloansheldbyABSissuers 502.0 131.3 3.5 0.0 654.9 94.0 131.6 0.0 132.4 257.7 36FL763169383U.S.-chartereddepositoryinst.(SLMA) 132.8 0.0 415.6 131.1 89.1 35FL113169305Nonfinancialnoncorporatebusiness(FCS) 3.3 9 0.0 484.9 0.0 131.7 638.9 34FL183169305Nonfinancialcorporatebusiness(FCS) 2.4 134.0 0.0 99.1 33FL153169305Liab.:Householdsector(SLMA) 577.3 131.3 0.0 729.5 32FL403069395Government-sponsoredenterprise(GSE)loans(2) 0.0 14 2.4 79.4 134.2 11 0.0 907.5 0.0 31FL643169373Realestateinvestmenttrusts 0.0 0.0 7 13 890.1 89.1 30FL613169333Financecompanies 2.4 907.5 0.0 0.0 29FL543169373Lifeinsurancecompanies 0.0 0.0 882.0 28FL513169333Property-casualtyinsurancecompanies 84.9 0.0 6 890.1 2.4 27FL473169333Creditunions 0.0 877.8 0.0 22.1 882.0 0.0 26FL763169335Liab.:U.S.-chartereddepositoryinstitutions 0.0 0.0 830.8 25FL403069330FederalHomeLoanBanksadvances(1) 2.4 21.8 877.8 0.0 0.0 15.7 0.0 797.8 0.0 24FL543069405Lifeinsurancecompanies 830.8 4 5 21.4 2.4 23FL313069403Asset:Federalgovernment 907.5 0.0 188.9 15.8 128.6 797.8 22FL153169405Policyloans(Householdliability) 0.0 21.2 830.8 183.8 2.4 124.5 907.5 23.1 0.0 21FL733069023Restoftheworld 733.3 21.1 143.6 101.9 20FL733069013Liab.:Nonfinancialcorporatebusiness 830.8 0.0 2.4 19FL733069005Holdingcompanyloans 0.0 73.4 62.1 20.8 733.3 1 18FL263169705Restoftheworld 15.8 2.4 78.4 60.9 0.0 22.1 17FL103169705Liab.:Nonfinancialcorporatebusiness 4419.7 16FL753069703ForeignbankingofficesinU.S. 0.0 4288.6 76.9 58.8 21.1 15FL763069703Asset:U.S.-chartereddepositoryinstitutions 0.0 4272.5 Customers’liabilityonacceptancesoutstanding 188.9 128.6 4509.8 20.1 0.0 4093.2 14FL263069500Liab.:Nonfinancialcorporatebusiness 78.4 60.9 13FL263069500ForeignloanstoU.S.corporatebusiness 4072.2 74.4 58.3 4419.7 12FL313169003Liab.:Federalgovernment 4093.2 11FL313169003Federalgovernmentretirementfundsloans 3977.2 10FL263169203Restoftheworld 9FL503169205Otherfinancialbusiness 8FL313069223Financecompanies 7FL403169283Government-sponsoredenterprises 6FL213169203Stateandlocalgovernments 5FL113169205Nonfinancialnoncorporatebusiness 4FL103169205Nonfinancialcorporatebusiness 3FL153169203Liab.:Householdsector 2FL313069205U.S.governmentloans 1FL893169005Totalotherloansandadvances Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.216 OtherLoansandAdvances (4) 2020TermAsset-BackedSecuritiesLoanFacility (TALFII)loanstodomestichedgefundsandprivateequityMainStreetLending Facility(MSLF)loanstononfinancialbusinesses. (3) Syndicatedloansfromdomesticentities,excluding depositoryinstitutionsandfinancecompanieswhichareincludedelsewhere. (2) TheStudentLoanMarketingAssociation(Sallie Mae)wasincludeduntilitfullyprivatizedin2004:Q4.FederalHomeLoanBankadvances areshownseparatelyonline25. affiliatedcaptiveinsurancecompanies. (1) TheFederalHomeLoanBanksareincluded in thegovernmnet-sponsoredenterprisessector.Financecompaniesandrealestateinvestmenttrusts receiveadvancesthrough 0821 002019 2020 2019 2018 5. 8. 2. 7. 8. 9. 0. 1. 2. 50 221.0 49 135.7 211.2 134.8 202.4 137.4 197.9 45 140.5 899.8 188.3 144.1 871.7 43 175.1 482.4 146.4 903.5 221.0 385.0 135.7 922.8 188.3 319.5 144.1 779.4 151.4 337.7 163.3 788.5 325.7 899.8 309.0 779.4 482.4 758.4 325.7 302.3 19 109.0 104.6 119.0 128.7 117.7 125.9 109.0 117.7 104.3 2 417.6 406.8 341.1 227.3 230.8 227.1 417.6 230.8 220.8 328. 208. 509. 078. 2051 92.0 89.6 47 22.2 90.7 23.0 94.2 24.7 85.0 28.0 83.1 25.7 92.0 24.8 85.0 22.2 73.2 25.7 23.4 27 43.3 47.7 50.5 62.9 21 29.6 52.3 23.2 54.2 27.4 43.3 34.7 52.3 28.6 57.7 26.8 29.6 28.6 10 26.5 19.4 26.9 27.5 3 28.3 49.1 29.1 47.4 30.4 44.4 26.5 40.0 29.1 38.9 31.2 37.9 49.1 38.9 34.5 ...... 30 0.5 0.7 0.6 23 0.9 0.2 1.0 0.2 0.9 0.2 18 0.5 0.0 0.2 1.0 0.0 0.2 0.6 0.0 0.2 0.0 0.2 0.0 12 0.2 0.0 0.0 0.2 8 0.0 0.0 0.0 0.0 0.0 0.0 15.7 0.0 0.0 15.8 0.0 23.1 0.0 0.0 0.0 15.8 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 125

Levels Levels 4 F43605 amr oeAmnsrto FH)()00000000000000000044 0.0 0.0 0.0 0.0 0.0 32 9.2 0.0 9.2 39 0.0 2428.3 2428.4 9.2 0.0 2417.6 2429.8 29 33 27 8.8 0.0 24.0 6148.7 22.9 2406.0 26 5891.3 2369.1 80.9 8.4 23.7 23.1 5705.8 2428.3 5567.1 81.5 23.8 2406.0 47FL643065005REITs 23.0 9.2 5510.7 46FL613065000Financecompanies 2292.3 82.0 45FL673065005ABSissuers 23.6 5460.5 22.5 21 9.2 23 6148.7 0.0 82.7 262.8 44FL413065035FarmersHomeAdministration(FmHA)(2) 22.9 22.6 5510.7 43FL413065653FarmerMac 8.4 24 260.6 5333.8 0.0 80.6 42FL413065045FannieMae 20.9 5740.6 22.8 41FL413065025FreddieMac 257.3 25 5766.6 20 12.3 40FL413065015GinnieMae 80.7 5027.1 24.0 0.0 16.6 22.9 5738.6 254.1 39FL413065005Agency-andGSE-backedmortgagepools 5056.9 5704.3 80.9 22.9 16.0 22.6 257.5 5040.3 15 0.0 38FL403065653FarmerMac 16 5655.0 39.4 54.4 5020.5 37FL403065035FHLB 80.6 256.1 20.5 5593.1 15.6 24.1 36FL403065045FarmCreditSystem 4987.3 0.0 38.7 19 5740.6 54.4 262.8 35FL403065025FreddieMac 77.6 4939.8 108.3 15.5 5655.0 34FL403065015FannieMae 257.5 5027.1 38.0 0.0 53.6 33FL403065005Government-sponsoredenterprises 107.3 5442.4 15.5 4987.3 258.6 37.4 108.7 52.7 32FL223065043Stateandlocalgovt.retirementfunds 4817.7 0.0 15.3 31FL573065005Privatepensionfunds 107.4 36.7 51.8 16.6 0.0 30FL543065005Lifeinsurancecompanies 105.8 36.1 29FL513065505Property-casualtyinsurancecompanies 51.1 105.6 15.5 0.1 39.4 28FL473065100Creditunions 54.4 108.3 14.6 27FL743065003BanksinU.S.-affiliatedareas 36.7 105.8 26FL753065005ForeignbankingofficesinU.S. 51.8 25FL763065005U.S.-chartereddepositoryinstitutions 105.7 24FL703065005Privatedepositoryinstitutions 34.2 49.0 23FL213065005Stateandlocalgovernments 22FL313065095Other(3) 21FL313065065FederalDepositInsuranceCorporation 20FL313065035FederalHousingAdministration(FHA) 19FL313065075FarmersHomeAdministration(FmHA)(2) 18FL313065015GinnieMae 17FL313065005Federalgovernment 16FL113065005Nonfinancialnoncorporatebusiness 2 15FL103065003Nonfinancialcorporatebusiness 14FL153065005Householdsector 11666.0 11509.3 11341.3 13FL893065005Totalassets 11255.1 11188.7 12FL123165005REITs 11117.4 11FL313165403Federalgovernment 11666.0 11188.7 10897.7 10FL113165005Noncorporate 9FL103165005Corporate 8FL143165005Nonfinancialbusiness 7FL153165005Householdsector 6FL893065005Totalliabilities 5FL893065603Farm 4FL893065505Commercial 3FL893065405Multifamilyresidential 2FL893065105One-to-four-familyresidential 1FL893065005Totalmortgages Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.217 TotalMortgages(1) 126 (3) OtherincludesDepartmentofVeteransAffairs,FederalFinancingBank,PublicHousingAdministration, andResolutionTrustCorporation. theFarmersHomeAdministration. (2) FmHA-guaranteedsecuritiessoldtotheFederalFinancingBankwerereallocatedfromFmHA mortgagepoolstoFmHAholdingsin1986:Q4becauseofaccountingchangesby (1) Sumofone-to-four-familyresidentialmortgages(tableL.218),multifamily (tableL.219),commercialmortgagesL.220),andfarmL.221).

Z.1, March11,2021 56. 64. 68. 59. 64. 68. 62. 65. 68. 13 16783.4 16556.3 16328.4 16181.6 16045.6 15897.4 16783.4 16045.6 15463.9 7 11222.8 6 11071.6 10908.5 16783.4 10824.1 16556.3 10760.3 16328.4 10689.8 16181.6 11222.8 16045.6 10760.3 15897.4 10473.4 16783.4 16045.6 1 15463.9 16783.4 16556.3 16328.4 16181.6 16045.6 15897.4 16783.4 16045.6 15463.9 0821 002019 2020 2019 2018 02221. 13429. 17623. 15621. 13440 2103.4 2117.7 2125.6 2138.8 2117.6 35 2328.0 2092.8 34 3589.9 2173.7 2103.4 3493.7 2063.4 2117.6 3417.8 2014.8 2042.2 3330.7 1993.3 3300.0 1969.3 3280.2 2328.0 3589.9 1993.3 3300.0 1909.8 3223.8 10 4620.6 8 4567.1 5335.7 4514.1 5259.6 4459.7 5196.7 4398.5 5132.2 4334.0 5061.0 4620.6 4 4987.3 4398.5 3 3085.0 5335.7 4150.7 1753.7 3060.1 5061.0 1711.1 3034.5 4764.2 1679.8 3011.5 1645.2 2967.1 1623.0 2932.9 1585.7 3085.0 1753.7 2967.1 1623.0 2832.0 1488.4 5. 7. 5. 8. 7. 5. 4. 5. 5. 47 258.8 46 110.0 45 259.7 837.0 107.9 248.0 850.6 111.8 250.8 861.1 115.3 41 273.9 876.8 318.7 117.2 285.6 855.3 304.3 118.9 258.8 860.8 285.6 110.0 273.9 837.0 284.2 36 117.2 154.6 255.0 855.3 281.0 114.8 149.1 851.2 268.2 145.3 318.7 141.3 281.0 139.6 30 241.0 638.6 136.6 634.5 154.6 28 609.7 631.2 139.6 605.2 628.7 133.6 593.4 619.2 578.7 605.4 564.5 638.6 549.8 619.2 609.7 568.1 564.5 17 127.2 523.0 125.7 126.7 125.3 123.8 12 224.9 123.5 225.1 127.2 9 223.1 123.8 715.1 225.2 123.2 692.4 224.3 682.6 220.3 672.5 5 224.9 662.6 278.7 224.3 653.3 275.7 226.2 715.1 272.7 662.6 269.8 613.5 266.8 261.5 278.7 266.8 245.7 257. 906. 247. 296. 9037 69.0 67.9 72.9 74.5 31 26.9 72.4 26.4 69.4 26.1 69.0 25.8 72.4 25.1 62.5 24.8 26.9 25.1 23.8 14 77.4 78.5 79.5 81.0 82.1 82.6 77.4 82.1 84.6 ...... 43 0.9 42 5.3 1.0 5.4 1.0 38 5.3 7.3 1.1 5.8 6.8 1.1 6.4 6.5 1.4 6.6 5.8 0.9 5.3 5.4 1.1 6.4 5.0 1.5 7.5 7.3 5.4 4.0 22 0.0 0.0 18 2.3 0.0 2.3 0.0 2.4 0.0 2.4 0.0 11 2.5 0.0 0.0 2.6 0.0 0.0 2.3 0.0 0.0 2.5 0.0 2.8 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F73623 oeg akn fie nUS ...... 25 0.1 0.2 0.3 0.3 24 0.3 334.5 23 441.5 349.8 0.2 460.3 17 363.1 3.3 475.8 0.1 378.7 495.3 3.3 383.6 12 0.3 501.3 1.2 392.6 3.3 13 509.5 0.2 13.5 334.5 1.3 441.5 3.2 18 383.6 13.7 5591.2 501.3 1.5 19 420.2 5361.3 2009.0 3.0 13.4 533.3 5182.4 2023.5 1.4 5066.1 2030.9 13.0 3.3 10 5016.1 134.7 2045.7 7 1.5 8 13.2 4973.0 2024.8 3.3 23.6 133.5 19.8 28FL613065123Financecompanies 5591.2 1999.9 27FL673065123ABSissuers 1.6 13.4 131.8 5016.1 23.2 2009.0 19.8 3.0 26FL473065125Creditunions 11 2575.7 4883.9 130.9 25FL753065203ForeignbankingofficesinU.S. 2024.8 13.5 1.2 22.8 19.5 24FL763065125U.S.-chartereddepositoryinstitutions 2621.0 1948.7 3 4.4 132.6 23FL893065125Homeequityloansincludedabove(2) 13.2 2626.0 16.7 22.4 1.5 Memo: 19.2 131.9 2635.6 14.1 17.0 2638.2 22.0 134.7 22FL643065105REITs 18.9 4 1.6 2624.6 21FL613065105Financecompanies 132.6 713.9 17.3 21.6 20FL673065105ABSissuers 18.6 2575.7 133.2 705.9 2638.2 17.6 23.6 19FL413065105Agency-andGSE-backedmortgagepools 19.8 2586.0 698.4 18FL403065105Government-sponsoredenterprises 17.2 22.0 18.9 694.1 17FL223065143Stateandlocalgovt.retirementfunds 17.4 16FL573065103Privatepensionfunds 20.5 689.6 17.9 15FL543065105Lifeinsurancecompanies 686.3 16.7 14FL473065100Creditunions 713.9 17.2 13FL743065103BanksinU.S.-affiliatedareas 12FL753065103ForeignbankingofficesinU.S. 689.6 11FL763065105U.S.-chartereddepositoryinstitutions 17.1 676.3 10FL213065103Stateandlocalgovernments 9FL313065105Federalgovernment 8FL113065103Nonfinancialnoncorporatebusiness 7FL103065105Nonfinancialcorporatebusiness 6FL153065103Householdsector 5FL893065105Totalassets 4FL113165105Nonfinancialnoncorporatebusiness 3FL103165105Nonfinancialcorporatebusiness 2FL153165105Householdsector 1FL893065105Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.218 One-to-four-familyResidentialMortgages(1) 6 F23643 tt n oa ot eieetfns37252827252628282816 2.8 2.8 17 13 419.4 2.8 18 14.0 418.4 393.7 13.5 2.6 403.9 388.9 8 0.6 385.7 13.0 368.6 2.5 11 383.0 364.0 105.6 12.6 12 0.6 9 2.7 527.1 380.2 360.4 104.6 18.6 11.5 525.6 0.6 367.7 419.4 103.2 2.8 18.6 10.7 520.1 418.4 364.0 101.6 0.6 18.3 2.5 513.0 380.2 14.0 332.9 103.0 501.9 0.6 342.1 18.0 102.4 11.5 3.7 494.9 2 105.6 17.7 0.5 9.5 86.5 527.1 103.0 21FL643065405REITs 17.5 501.9 84.4 0.6 20FL613065403Financecompanies 103.4 19FL673065405ABSissuers 18.6 472.2 82.8 0.6 18FL413065405Agency-andGSE-backed mortgagepools 17.7 81.1 17FL403065405Government-sponsored enterprises 3 0.5 1643.0 16.8 80.0 16FL223065443Stateandlocalgovt.retirementfunds 1603.8 15FL573065403Privatepensionfunds 1573.2 78.2 14FL543065405Lifeinsurancecompanies 1540.7 86.5 13FL753065403ForeignbankingofficesinU.S. 1520.2 12FL763065403U.S.-chartereddepositoryinstitutions 1485.6 80.0 1643.0 11FL213065403Stateandlocalgovernments 1520.2 10FL313065405Federalgovernment 73.2 1391.2 9FL113065403Nonfinancialnoncorporatebusiness 8FL103065403Nonfinancialcorporatebusiness 7FL153065403Householdsector 6FL893065405Totalassets 5FL123165403REITs 4FL313165403Federalgovernment 3FL113165405Nonfinancialnoncorporatebusiness 2FL103165405Nonfinancialcorporatebusiness 1FL893065405Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.219 MultifamilyResidentialMortgages (2) Loansmadeunderhomeequitylinesofcreditandloanssecuredbyjuniorliens.Excludesheldindividuals. (1) Mortgageson1-4familypropertiesincludingmortgagesfarmhouses. 09. 18. 16. 11. 18. 15. 14. 10. 16. 5 11666.0 11509.3 11341.3 11255.1 2 11188.7 10935.4 11117.4 1 10786.5 11666.0 10625.6 11188.7 11666.0 10543.5 10897.7 11509.3 10481.8 11341.3 10413.8 11255.1 10935.4 11188.7 10481.8 11117.4 10204.4 11666.0 11188.7 10897.7 0821 002019 2020 2019 2018 48412. 73718. 63014. 69811. 7376 1753.7 1711.1 1679.8 1645.2 1623.0 1585.7 1 1753.7 1753.7 1623.0 1711.1 1488.4 1679.8 1645.2 1623.0 1585.7 1753.7 1623.0 1488.4 6. 5. 1. 6. 5. 5. 4. 3. 1. 20 413.5 433.8 446.7 459.5 451.8 14 469.7 609.7 413.5 605.2 451.8 593.4 467.6 578.7 564.5 549.8 609.7 564.5 523.0 3. 6. 6. 5. 6. 6. 6. 6. 6. 14 167.6 168.1 167.2 164.7 162.1 155.4 167.6 162.1 136.9 741. 541. 711. 581. 5428 15.4 26 85.7 15.1 89.0 15.8 89.9 16.7 22 52.6 92.6 17.1 21 77.1 53.7 93.0 17.4 75.4 49.7 92.4 15.4 79.1 54.7 85.7 17.1 83.6 15 76.0 93.0 17.4 41.8 85.4 83.6 89.5 40.7 86.9 52.6 40.6 77.1 76.0 40.2 85.4 9 72.8 30.4 39.0 87.1 30.0 36.7 6 68.3 29.5 41.8 69.2 29.5 39.0 70.1 29.2 31.5 70.9 29.2 71.8 30.4 72.7 29.2 68.3 29.2 71.8 75.3 384. 094. 635. 265. 0919 50.9 51.8 52.6 52.4 46.3 42.7 10 50.9 11.1 46.3 11.2 43.8 11.3 11.4 5 24.2 11.6 22.9 11.6 23.8 11.1 23.4 11.6 22.8 11.9 21.9 24.2 22.8 24.0 ...... 27 5.8 6.3 6.6 7.0 7.3 7.0 16 5.8 0.5 7.3 0.6 6.0 0.6 0.6 0.7 0.7 0.5 0.7 0.8 ...... 20 5.5 21 11.3 5.5 10.6 5.6 9.8 15 0.6 5.7 10.2 0.6 5.7 15.0 0.7 5.8 12.5 0.8 11.3 5.5 15.0 7 0.8 5.7 0.0 7.7 0.9 5.9 0.0 4 0.6 0.0 0.0 0.8 0.0 0.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 127

Levels Levels 9 F43655 gny n S-akdmrgg ol ...... 19 18 0.0 3.1 0.0 3.1 14 9.4 0.0 3.1 9.4 0.0 3.0 15 13 24.0 9.6 65.5 0.0 11 2.9 23.7 21.0 66.6 9.5 0.0 23.8 3.1 21.0 67.3 9.4 0.0 23.6 8 20.9 3.1 68.5 9 15.2 9.5 14.9 22.9 20.3 0.0 67.4 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 2.9 14.9 14.9 L.221 FarmMortgages(1) 12 20.9 9.4 20.6 68.3 1822.1 0.0 4.2 14.6 14.6 1809.2 24.0 20.5 9.4 65.5 1794.1 14.4 (1) Liabilityofthehouseholdsandnonprofitorganizationssector(tablesL.101B.101). 14.4 22.9 1772.9 21.0 67.4 10.0 1749.3 14.1 22FL643065505REITs 14.2 20.5 2 20.6 66.3 1723.6 21FL613065503Financecompanies 3 287.4 13.9 14.0 1822.1 538.5 20.7 20FL673065505ABSissuers 285.2 1749.3 15.2 518.7 19FL413065505Agency-andGSE-backedmortgagepools 14.9 1666.8 282.9 4 511.1 14.1 18FL223065545Stateandlocalgovt.retirementfunds 14.2 2058.4 280.7 17FL573065505Privatepensionfunds 503.5 2054.1 13.2 278.4 13.4 2041.1 496.0 16FL543065505Lifeinsurancecompanies 276.1 2025.5 15FL513065505Property-casualtyinsurancecompanies 490.0 1991.2 287.4 14FL743065505BanksinU.S.-affiliatedareas 538.5 1968.4 13FL753065503ForeignbankingofficesinU.S. 278.4 2058.4 496.0 12FL763065503U.S.-chartereddepositoryinstitutions 269.1 1991.2 459.6 11FL213065503Stateandlocalgovernments 1901.2 10FL313065505Federalgovernment 9FL113065503Nonfinancialnoncorporatebusiness 8FL103065503Nonfinancialcorporatebusiness 7FL153065505Householdsector 6FL893065505Totalassets 5FL123165503REITs 4FL113165505Nonfinancialnoncorporatebusiness 3FL103165505Nonfinancialcorporatebusiness 2FL163165505Nonprofitorganizations(1) 1FL893065505Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.220 CommercialMortgages 128 4 F43665 gny n S-akdmrgg ol ...... 14 0.9 12 0.0 10 0.1 1.0 0.0 0.1 1.0 13 138.0 0.0 0.2 1.1 136.2 6 0.0 134.4 9 0.2 1.1 1.1 102.3 132.4 0.0 0.2 1.1 1.4 101.2 130.6 0.0 100.1 127.1 0.2 1.1 0.9 99.0 138.0 0.0 2 0.1 1.1 1.1 130.6 97.9 73.3 0.0 117.0 0.2 1.0 1.5 96.6 72.4 3 0.0 102.3 0.2 1.0 205.4 71.4 97.9 203.4 70.4 1.1 92.8 201.4 69.4 (1) Excludesmortgagesonfarmhouses. 1.0 199.4 67.8 14FL413065605Agency-andGSE-backedmortgagepools 197.4 1.0 13FL403065605Government-sponsoredenterprises 193.7 73.3 12FL223065643Stateandlocalgovt.retirementfunds 205.4 69.4 11FL543065633Lifeinsurancecompanies 197.4 10FL753065603ForeignbankingofficesinU.S. 63.6 182.1 9FL763065633U.S.-chartereddepositoryinstitutions 8FL213065603Stateandlocalgovernments 7FL313065605Federalgovernment 6FL113065603Nonfinancialnoncorporatebusiness 5FL153065605Householdsector 4FL893065603Totalassets 3FL233165605Nonfinancialnoncorporatebusiness 2FL183165605Nonfinancialcorporatebusiness 1FL893065603Totalliabilities

Z.1, March11,2021 0821 002019 2020 2019 2018 82026. 05023. 97131. 04536. 0506 3085.0 3060.1 3034.5 3011.5 2967.1 1 2932.9 3085.0 3085.0 3060.1 2967.1 3034.5 2832.0 3011.5 2967.1 2932.9 3085.0 2967.1 2832.0 7. 8. 9. 8. 8. 8. 8. 9. 9. 22 194.9 195.4 20 372.7 188.5 365.0 185.9 361.8 182.8 365.0 16 189.5 412.4 357.2 194.9 408.9 348.3 182.8 406.8 372.7 174.5 407.1 357.2 401.4 339.8 396.8 412.4 401.4 383.8 5 200.7 202.2 199.4 201.8 201.6 198.4 200.7 201.6 202.3 4. 6. 7. 6. 6. 6. 7. 7. 7. 4 278.7 275.7 272.7 1 269.8 278.7 266.8 275.7 261.5 272.7 278.7 269.8 266.8 266.8 245.7 261.5 278.7 266.8 245.7 182. 742. 612. 712. 7421 27.4 27.0 27.1 17 25.8 26.0 25.2 26.1 24.8 26.2 24.4 27.4 23.6 26.1 10 75.4 23.2 21.8 74.6 25.8 76.3 23.6 75.3 21.9 74.1 74.1 75.4 74.1 74.2 591. 671. 671. 671. 6711 16.7 16.7 16.7 16.7 16.7 16.5 16.7 16.7 15.9 ...... 7 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 ...... 8 1.4 7 10.3 1.4 5 9.9 7.8 1.4 9.6 8.1 1.3 9.2 8.2 1.3 8.9 8.9 1.3 8.6 9.1 1.4 10.3 8.7 1.3 8.9 7.8 1.3 7.9 9.1 8.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

L0060 Gvrmn-pnoe nepie ...... 9 0.0 0.0 0.0 5 0.0 0.0 3 4 0.0 25.3 35.8 0.0 0.0 25.5 35.1 0.0 25.7 0.0 (5) Includesstudentloansbefore2006:Q1. 7 34.8 0.0 financecompanies(partofline11).Databeginin2006:Q1. 1685.6 26.5 (4) Includesstudentloansheldbynonprofitorganizations(line3),thefederalgovernment6),depositoryinstitutions(partoflines7and8), 34.7 0.0 1649.1 (3) Revolvingcreditthatalsoincludesoverdraftplansoncheckingaccountsandotherloanswithoutafixedrepaymentschedule. 0.0 27.7 1644.3 loansthatthegovernmentpurchasedfromdepositoryinstitutions,financecompanies,andnonprofiteducationalindefault. 35.8 0.0 1709.8 (2) IncludesloansoriginatedbytheDepartmentofEducationunderFederalDirectLoanProgramandPerkinsLoans,aswellFamily 28.4 0.0 1770.9 (1) StudentloansoriginatedundertheFederalFamilyEducationLoanProgram.Assetofhouseholdsandnonprofitorganizationssector(tablesL.101B.101). 35.2 1 0.0 1715.9 4178.1 25.3 35.8 15FL153166205Otherconsumercredit(5) 1685.6 4133.6 14FL153166220Studentloans(4) 0.0 27.7 1770.9 4085.9 13FL153166400Autoloans 35.8 1682.0 4136.3 12FL153166100Creditcardloans(3) 31.3 0.0 36.5 4176.9 Memo: 4113.8 4178.1 11FL613066005Financecompanies 4176.9 10FL673066000ABSissuers 9FL403066005Government-sponsoredenterprises 3995.1 8FL473066000Creditunions 7FL763066000U.S.-chartereddepositoryinstitutions 6FL313066220Federalgovernment(2) 5FL113066003Nonfinancialnoncorporatebusiness 4FL103066005Nonfinancialcorporatebusiness 3FL163066223Nonprofitorganizations(1) 2FL153166000Totalassets 1FL153166000Totalliabilities(Households) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.222 ConsumerCredit 0821 002019 2020 2019 2018 50514. 77314. 66417. 60310. 77314 12 1707.3 13 974.9 1225.1 1704.9 943.7 1220.7 1680.3 1202.4 952.3 1674.7 1186.8 1646.4 1021.4 1186.7 1641.1 1093.2 1180.2 1707.3 1044.2 1225.1 1646.4 974.9 1186.7 1570.5 1093.2 1142.3 6 1054.1 1383.0 1379.4 1355.8 1350.6 2 1319.2 4178.1 1311.0 4133.6 1383.0 4085.9 1319.2 4136.3 1236.3 4176.9 4113.8 4178.1 4176.9 3995.1 2. 5. 7. 4. 5. 5. 5. 6. 7. 15 270.7 264.3 250.8 253.4 11 250.7 551.4 248.4 548.6 8 270.7 536.4 495.1 250.7 528.5 493.6 228.1 537.7 486.4 536.1 483.3 551.4 482.4 537.7 483.6 534.4 495.1 482.4 469.2 ...... 10 1.9 2.2 2.5 2.8 3.1 3.5 1.9 3.1 5.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 129

Levels Levels 3 P03603 ecn hnei o oe ..TtlMre ne 70 84 87 .585 2.42.286 43 33 14.32 8.64 30 21.52 7067.2 6576.6 -21.34 6199.6 8.52 5134.7 17 29 0.65 6694.5 0.0 46922.3 6375.9 40709.6 18.72 19 37212.5 7067.2 0.0 731.8 30523.1 6694.5 28.42 38470.6 21 642.7 424.3 35673.2 5360.6 0.0 -7.04 46922.3 614.0 38470.6 365.4 22 30455.5 2964.5 18 0.0 552.6 342.6 523.5 2604.2 33PC073164013PercentchangeinDowJonesU.S.TotalMarketIndex 644.6 16 277.9 14 463.4 2276.6 0.0 158.9 201.4 610.9 2156.0 370.5 32LM883164135Ccorporations 430.2 133.0 176.9 31LM883164133Scorporations 2549.7 0.0 731.8 339.4 396.1 30LM883164125Closelyheldequityatmarketvalue(7) 120.6 2440.5 163.6 644.6 29LM883164115Publiclytradedequityatmarketvalue(6) 424.3 493.9 2964.5 0.0 95.9 135.4 538.0 2549.7 370.5 Memo: 457.2 12 173.2 147.7 2478.6 0.0 2694.7 292.1 523.5 28LM263064105Restoftheworld(5) 160.4 2411.8 133.9 493.9 0.0 2222.5 27FL503064105Otherfinancialbusiness 201.4 158.9 1852.0 26LM663064103Brokersanddealers 392.1 10 173.2 147.7 64502.6 25LM563064100Exchange-tradedfunds 2313.7 56411.0 24LM553064103Closed-endfunds 137.7 2130.8 109.1 51964.8 23LM653064100Mutualfunds 43028.6 2694.7 54624.1 2313.7 22LM223064145Stateandlocalgovt.retirementfunds 50770.1 64502.6 21LM343064105Federalgovernmentretirementfunds 1791.9 54624.1 20LM573064105Privatepensionfunds 43715.6 19LM543064105Lifeinsurancecompanies 18LM513064105Property-casualtyinsurancecompanies 17FL753064103ForeignbankingofficesinU.S. 16LM763064105U.S.-chartereddepositoryinstitutions 3 1 15FL713064103Monetaryauthority 41553.2 64502.6 36712.0 56411.0 14LM213064103Stateandlocalgovernments 33391.3 51964.8 27003.0 13LM313064105Federalgovernment 43028.6 33676.5 12LM103064103Nonfinancialcorporatebusiness 54624.1 31324.0 11LM153064105Householdsector 50770.1 41553.2 64502.6 33676.5 54624.1 10LM893064105Holdingsatmarketvalue 26543.9 43715.6 9LM263164100Restoftheworld(4) 8LM793164123Closelyheld 7LM793164115Publiclytraded(3) 6LM793164105Financialcorporations 5LM103164123Closelyheld 4LM103164113Publiclytraded(2) 3LM103164103Nonfinancialcorporatebusiness 2LM883164105Domesticsectors 1LM893064105Issuesatmarketvalue Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.223 CorporateEquities(1) 130 M1040 Poet-aulyisrnecmais2. 583. 582. 202. 943. 8 11 35.0 384.7 9 5 6 356.2 1703.5 29.4 104.4 63.4 1552.3 368.1 94.6 26.4 1487.6 55.4 304.0 1300.6 89.2 22.0 4 51.9 373.8 1599.0 374.4 77.2 1533.4 25.8 391.0 45.6 339.1 1703.5 91.5 384.7 25.8 1599.0 61.6 319.4 373.8 1402.5 86.6 276.2 35.0 58.0 444.9 327.3 104.4 25.8 2 63.4 309.8 91.5 19562.6 1 21.3 17749.3 61.6 19562.6 374.4 16776.1 17749.3 75.9 14543.1 16776.1 (1) Sharesofopen-end investment companies;excludessharesofmoney marketfundsandexchange-tradedfunds. 327.3 52.1 17659.5 14543.1 16694.7 17659.5 270.9 19562.6 12LM263064203Restoftheworld 16694.7 17659.5 19562.6 14669.8 17659.5 11LM223064205Stateandlocalgovt. retirementfunds 14669.8 10LM573064205Privatepensionfunds 9LM543064205Lifeinsurancecompanies 8LM513064205Property-casualtyinsurance companies 7LM473064205Creditunions 6LM763064203U.S.-chartereddepositoryinstitutions 5LM213064203Stateandlocalgovernments 4LM103064203Nonfinancialcorporatebusiness 3LM153064205Householdsector 2LM653164205Holdingsatmarketvalue 1LM653164205Sharesatmarketvalue Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.224 MutualFundShares(1) (7) Equaltothesumoflines5and8. (6) Equaltothesumoflines4and7. (5) HoldingsofU.S.issuesbyforeignresidents. (4) HoldingsofforeigncorporateequitiesandinvestmentfundsharesbyU.S.residents;includesAmericanDepositaryReceipts(ADRs). (3) Includescorporateequitiesissuedbyfinancialcorporationsunderthefederalstabilizationprograms. (2) Excludesintercorporateholdings. (1) Includessharesofexchange-tradedfunds,closed-endandrealestateinvestmenttrusts.ExcludesmutualfundshownontableL.224.

Z.1, March11,2021 60. 06. 41. 93. 06. 66. 95. 16. 41. 11 24719.1 21668.9 19953.3 16169.8 20868.3 19433.4 24719.1 20868.3 16300.0 4 35171.4 30774.0 27794.4 2 22368.0 53989.5 27634.2 47286.2 25597.9 43412.1 35171.4 35657.8 27634.2 45165.0 21729.2 42049.2 53989.5 45165.0 35816.1 0821 002019 2020 2019 2018 74617. 8. 81017. 73616. 98281832 881.8 31 1948.2 6185.4 1862.5 4628.4 1733.6 4337.1 1870.4 3401.1 1811.0 4824.1 881.8 28 4565.0 10603.6 6185.4 1870.4 9069.6 4824.1 1704.6 8188.9 25 3656.0 4232.8 6723.9 3566.3 8199.0 3283.8 7619.8 2715.2 10603.6 23 8199.0 13410.0 3486.2 20 11843.4 6629.5 3475.6 3150.6 11129.4 3122.5 9203.8 4232.8 2925.7 11934.5 3486.2 11073.5 2492.7 2669.2 13410.0 3135.8 11934.5 9657.5 2907.9 3475.6 3135.8 2448.0 9 10513.1 9124.8 8552.7 7 7370.8 5 11750.9 9459.1 6 9935.6 6381.7 8720.9 12436.4 9418.2 5938.0 10574.2 10513.1 8155.1 5596.9 10020.8 9459.1 8654.8 10836.4 4635.0 7899.6 10075.3 11488.5 6042.3 11750.9 10725.2 10836.4 5726.1 12436.4 8726.3 11488.5 6381.7 9272.1 6042.3 4814.7 54643. 63244. 29532. 02342. 63210 4603.2 4221.5 4022.3 3520.0 4239.5 4041.0 4603.2 4239.5 3594.6 3 11274.9 10160.3 9520.2 8199.8 10041.7 9376.9 11274.9 10041.7 8006.0 4. 6. 1. 7. 6. 4. 8. 0. 1. 26 214.3 205.4 180.4 144.7 166.7 175.5 214.3 166.7 147.7 8 685.4 638.6 602.7 499.7 652.1 649.8 685.4 652.1 545.8 9. 9. 04188986174687396411. 12 1014.1 936.4 887.3 794.6 896.1 868.9 1014.1 896.1 799.0 121721611311727. 229. 0. 24 106.1 95.7 92.2 79.7 107.2 103.1 106.1 13 33.2 107.2 33.2 91.2 33.2 33.2 33.2 33.2 33.2 33.2 33.2 ...... 27 8.8 8.6 8.0 0.0 0.0 0.0 15 0.0 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 ...... 7 4.8 4.0 3.8 3.2 3.3 3.2 4.8 3.3 2.5 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

6 F23703 tt n oa oenet 3. 3. 4. 3. 3. 3. 3. 4. 4. 16 247.4 17 207.6 244.4 205.8 230.8 14 204.9 236.4 12 952.6 277.6 199.7 239.0 942.0 275.6 192.7 237.6 13 926.4 273.6 3558.5 193.6 247.4 3553.8 912.9 271.7 3361.0 207.6 239.0 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 902.0 269.7 7 3528.5 L.226 LifeInsuranceReserves 192.7 230.2 889.2 85.0 3597.2 267.8 186.1 3627.9 952.6 277.6 83.9 3558.5 (1) Includedinthehouseholdsandnonprofitorganizationssector(tablesL.101B.101). 902.0 269.7 3597.2 81.5 6 852.6 3512.7 262.1 21FL903070005Discrepancy 1100.5 80.0 4 2 1087.9 20LM263070005Restoftheworld 638.3 381.3 19FL673070003ABSissuers 79.5 1075.7 18FL543070005Lifeinsurancecompanies 629.8 379.2 1063.7 3 17FL513070005Property-casualtyinsurancecompanies 78.3 1051.1 602.0 377.2 2817.4 1038.6 16FL213070003Stateandlocalgovernments 85.0 2772.6 645.4 375.1 15FL313070000Federalgovernment 1100.5 2571.3 643.2 79.5 373.1 1051.1 2678.3 14FL113070003Nonfinancialnoncorporatebusiness 1001.7 635.4 371.1 2771.2 13FL103070005Nonfinancialcorporatebusiness 76.8 2758.9 638.3 381.3 12FL163070005Nonprofitorganizations(1) 2817.4 643.2 373.1 2771.2 11FL893070005Totaltradereceivables 598.6 365.0 2690.4 10LM263170005Restoftheworld 9FL663170003Brokersanddealers 8FL543170005Lifeinsurancecompanies 7FL513170005Property-casualtyinsurancecompanies 6FL213170003Stateandlocalgovernments 5FL313170005Federalgovernment 4FL113170005Nonfinancialnoncorporatebusiness 3FL103170005Nonfinancialcorporatebusiness 2FL163170005Nonprofitorganizations(1) 1FL893170005Totaltradepayables Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.225 TradeCredit L6000 US-hree eoioyisiuin 7. 7. 8. 7. 7. 7. 8. 8. 8. 7 184.8 182.8 181.0 3 179.7 2225.7 178.8 2166.9 176.9 2134.4 2106.3 184.8 2122.4 178.8 2106.6 172.1 2225.7 2122.4 2035.2 10FL543141905Restoftheworld 9FL733040005Holdingcompanies 8FL543040005Lifeinsurancecompanies 7FL763040005U.S.-chartereddepositoryinstitutions 6FL153040005Householdsector 5FL893140005Totalassets 4FL263140005Restoftheworld 3FL543140005Lifeinsurancecompanies 2FL313140003Federalgovernment 1FL893140005Totalliabilities 0821 002019 2020 2019 2018 57256. 83757. 76154. 59852. 83711 5863.7 5826.6 5599.8 5742.0 5766.1 5779.5 5863.7 5766.1 5587.2 1 5766.0 5679.5 5417.8 5562.6 5615.0 5576.1 5766.0 5615.0 5397.3 69113. 87511. 71310. 76116. 8756 1817.5 5 1764.1 2348.9 1736.1 2289.3 1709.2 2255.8 1731.3 2228.1 1718.8 1 2242.9 1817.5 2348.9 2226.8 1731.3 2289.3 2348.9 1659.1 2255.8 2242.9 2228.1 2153.1 2242.9 2226.8 2348.9 2242.9 2153.1 198-5. 9. 234-5. 194-8. 171-7721 -97.7 -147.1 -181.9 -179.4 -151.0 -203.4 -97.7 -151.0 -189.8 3. 4. 7. 4. 4. 5. 6. 6. 7. 20 373.3 18 368.1 124.8 363.7 122.1 357.3 122.8 348.9 124.8 344.6 108.0 373.3 110.1 348.9 124.8 332.7 108.0 101.5 8 227.7 222.9 5 222.9 409.3 222.3 407.3 199.9 390.6 201.4 398.9 227.7 399.8 199.9 394.7 186.3 409.3 399.8 382.3 5. 5. 6. 5. 5. 6. 6. 6. 6. 8 266.5 263.4 260.8 262.3 257.1 256.4 266.5 257.1 250.4 393. 483. 463. 553. 4819 34.8 32.6 35.5 15 87.2 36.9 82.2 34.6 81.1 32.5 73.9 34.8 10 74.1 88.0 34.6 9 76.4 18.5 79.1 33.9 87.2 16.7 78.7 74.1 17.8 78.8 75.4 20.1 81.4 15.8 82.2 15.5 88.0 18.5 81.4 15.8 79.4 16.8 041. 111. 071. 091. 1110 9 11.1 69.0 11.0 68.0 10.9 67.0 10.9 4 66.0 70.8 10.7 2 65.0 52.4 70.0 10.7 64.0 52.4 69.3 11.1 69.0 52.0 69.7 10.7 65.0 52.0 68.3 10.4 61.0 52.2 68.2 52.1 70.8 52.4 68.3 52.2 66.6 51.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 131

Levels Levels 4 L53353 ieisrnecmais630650N 7. 8. 4. 8. 0. D14 17 ND ND 700.0 5295.7 680.0 5012.9 12 4374.2 645.0 ND 5182.8 685.0 4955.2 549.0 670.0 ND 559.6 ND 524.1 5182.8 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 4259.5 11 685.0 476.5 ND L.228 TaxesPayablebyBusinesses 623.0 437.5 11343.0 ND 10796.0 9511.0 inthelifeinsurancesector(line14)andexcludedfrommoneymarketfundmutualsectors(lines1516). (5) Assetofthehouseholdandnonprofitorganizationssector(tablesL.101B.101).Figuresfordepositories(lines1213)includeKeoghaccounts.VariableannuitiesinIRAsareincluded 476.5 11025.0 10475.0 (4) Excludesallindividualretirementaccounts(IRAs),exceptthoseatlifeinsurancecompanies. 490.2 ND (3) IncludestheThriftSavingsPlan,NationalRailroadRetirementInvestmentTrust,andotherfederalgovernmentretirementfunds. 5 (2) Includesunallocatedinsurancecompanycontractsbeginning1985:Q4. 11025.0 9637.1 (1) Annuities,includingthoseinIRAs. 2 3 9250.0 4 9539.1 3799.0 11865.2 4314.0 17LM153131575Otherself-directedaccounts 9452.6 3565.3 11162.9 16LM653131573Mutualfunds 4227.9 10774.9 9346.7 3467.6 15FL633131573Moneymarketfunds 9920.9 4174.0 9326.4 3279.6 14LM543131503Lifeinsurancecompanies 10916.8 4091.4 13FL473131573Creditunions 9240.6 3486.2 10549.5 4149.8 12FL763131573U.S.-chartereddepositoryinstitutions 11865.2 9637.1 3411.1 10916.8 11LM893131573IndividualRetirementAccounts(IRAs):(5) 4098.5 9326.4 3799.0 9720.7 4314.0 9000.6 3486.2 Memo: 4149.8 3174.2 3976.8 10FL543151905Restoftheworld 9FL543050005Lifeinsurancecompanies 8FL153050005Households(4) 7FL893150005Totalassets 6FL263150005Restoftheworld 5FL224190005Stateandlocalgovt.retirementfunds 4FL344090005Federalgovernmentretirementfunds(3) 3FL574190005Privatepensionfunds(2) 2FL543150005Lifeinsurancecompanies(1) 1FL893150005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.227 PensionEntitlements 132 M5000 Ttlhueodeut 19. 28. 33. 21. 28. 27. 28. 27. 33. 1 13231.9 12870.6 2 12681.2 13141.6 12475.5 12783.5 12387.1 12592.7 12316.3 11 12390.7 13231.9 185.0 12303.7 12387.1 12235.7 11596.5 185.1 13141.6 12303.7 9 202.6 11518.3 536.0 184.9 546.8 178.8 650.3 5 176.5 11.7 595.9 185.0 555.0 12.2 178.8 3LM662090003Brokersanddealers 558.0 2LM112090205Nonfinancialnoncorporatebusiness 4 15.9 170.0 536.0 112.7 2 3 1LM152090205Totalhouseholdequity 15.6 262.3 170.6 555.0 112.3 258.6 12.9 170.7 409.8 109.9 Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted 1 297.9 188.1 107.5 L.229 Proprietors’EquityinNoncorporateBusiness 590.8 11.9 274.3 170.5 124.2 591.2 11.7 251.4 164.4 119.1 654.5 12.9 255.9 162.1 112.7 12FL903078005Discrepancy 607.0 262.3 13.2 170.6 124.2 588.2 11FL213078005Stateandlocalgovernments 251.4 10FL313078000Federalgovernment 164.4 109.7 584.7 266.7 155.6 9FL893078005Totalbusinesstaxesreceivable 590.8 588.2 8FL663178005Brokersanddealers 7FL613178005Financecompanies 581.8 6FL543178075Lifeinsurancecompanies 5FL513178005Property-casualtyinsurancecompanies 4FL763178003U.S.-chartereddepositoryinstitutions 3FL113178003Nonfinancialnoncorporatebusiness 2FL103178005Nonfinancialcorporatebusiness 1FL893178005Totaltaxespayablebyallbusinesses

Z.1, March11,2021 54. 74. 97. 76. 74. 69. 72. 85. 97. 8 29472.8 28354.2 7 27729.4 29700.7 26498.3 28579.9 27744.4 27952.8 27165.9 26722.8 29472.8 27959.9 27744.4 27380.0 25743.1 29700.7 27959.9 25949.8 1 29700.7 28579.9 27952.8 26722.8 27959.9 27380.0 29700.7 27959.9 25949.8 0821 002019 2020 2019 2018 54048. D43. 25031. 01042. D16 ND 4322.0 4081.0 3516.0 4285.0 4031.0 ND 4285.0 3534.0 6. 1. D300340390390320N 15 ND 392.0 379.0 369.0 314.0 300.0 9 211.0 ND 208.9 314.0 206.8 265.0 207.8 199.5 198.2 211.0 199.5 191.4 7. 325. 673. 11424. 4912 54.9 44.4 4.2 10 11.1 350.9 361.7 33.2 447.8 26.7 411.0 54.9 376.2 33.2 381.5 350.9 171.9 376.2 239.8 838. D8. 178. 358. D13 ND 84.4 83.5 10 82.7 16.9 81.7 16.8 81.3 16.6 6 85.4 ND 16.7 84.6 16.0 81.7 83.8 15.9 78.3 84.2 16.9 80.8 16.0 80.3 15.4 85.4 80.8 77.5 828. 038. 358. 858. 033 90.3 87.1 88.5 84.8 83.5 80.6 90.3 83.5 78.2 8 7 14.4 14.1 14.5 14.5 15.7 15.2 13.6 15.0 12.2 14.9 13.9 14.6 14.4 14.1 12.2 14.9 13.6 15.3 . . . . . 061. . . 6 5.1 8.3 11.8 10.6 8.1 7.2 5.1 8.1 7.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

4 L23933 ..prns iblte ln )65471177373771177369870477334 707.3 47FL263092303Intercompanydebt 710.4 46FL263092151Equity 35 45FL263092055Historicalcost 1020.5 689.8 30 29 1009.9 44LM263092303Intercompanydebt 707.3 457.0 831.7 999.0 43LM263092161Equity 31 711.1 448.6 833.5 42LM263092061Currentcost 12311.2 1055.9 10852.4 733.7 441.2 818.7 1071.8 ForeigndirectinvestmentinU.S.: 26 10090.1 9410.1 8762.1 1062.6 707.3 440.9 834.2 41FL263192305Intercompanydebt 8315.8 10547.1 1020.5 711.1 437.6 876.0 20 9858.2 40FL263192151Equity 7945.0 1071.8 0.0 39FL263192055Historicalcost 12311.2 635.4 435.2 874.0 7003.7 1040.8 10547.1 23 8798.7 8401.7 563.5 38LM263192305Intercompanydebt 457.0 831.7 0.0 25 37LM263192161Equity 8305.2 457.0 561.3 437.6 876.0 36LM263192065Currentcost 9410.1 0.0 448.6 557.8 432.8 861.7 8798.7 24 19 U.S.directinvestmentabroad: 1020.5 441.2 7443.9 212.8 615.0 17 18 0.0 116.1 1009.9 226.1 21 Alternativevaluationsofdirectinvestmentassets: 440.9 183.1 634.2 11146.9 999.0 101.5 200.9 9693.4 0.0 437.6 179.7 627.5 35LM263092323U.S.affiliates’liabilities(line24) 1055.9 8959.1 16 98.4 175.5 34LM263092313U.S.parents’liabilities(line5) 435.2 179.6 210.0 563.5 1071.8 7614.0 0.0 33LM263092345Intercompanydebt 118.2 32LM263092101Equity(line22) 1062.6 83.1 457.0 9398.4 177.1 185.6 634.2 13 31LM263092035Directinvestmentliabilities 1020.5 183.2 36.7 8689.4 0.0 437.6 14 175.6 176.0 608.0 102.2 1071.8 449.1 11146.9 190.9 30LM263192323U.S.affiliates’claims(line25) 432.8 15 35.1 9398.4 212.8 148.5 1040.8 126.2 9 0.0 11 29LM263192313U.S.parents’claims(line4) 229.5 392.1 226.1 7333.5 293.0 10 88.7 28LM263192345Intercompanydebt 177.1 182.8 116.1 30.9 313.4 200.3 368.1 27LM263192101Equity(line2) 183.2 261.7 0.0 180.0 178.9 26LM263192035Directinvestmentassets 102.2 78.3 274.4 186.4 310.5 26.1 12 136.9 253.6 9666.7 210.0 100.6 266.8 Directinvestment,asset/liabilitypresentation: 157.2 77.2 382.3 32.1 8395.0 223.7 182.8 232.0 193.5 355.3 7744.1 Memo: 67.1 286.0 57.4 152.3 6590.9 302.0 202.4 449.1 4 256.7 8 25LM263192323Less:U.S.affiliates’claims 87.4 8145.2 7 36.7 831.7 300.2 3 229.5 382.3 24LM263092323U.S.affiliates’liabilities 192.2 5 7402.7 313.6 293.0 124.4 23LM263092303Intercompanydebt 78.9 833.5 313.4 707.3 193.5 317.5 32.1 9666.7 160.7 22LM263092101Equity 276.0 286.0 6 123.1 818.7 8145.2 302.0 21LM263092001Asset:Restoftheworld(1) 710.4 171.9 88.7 143.7 7044.9 58.5 262.8 221.6 6215.8 128.9 1 834.2 259.4 6105.9 689.8 125.0 20FL503192003Otherfinancialbusiness 87.4 228.5 8245.8 126.9 5809.9 19LM733192003Holdingcompanies 876.0 707.3 162.6 7156.9 18LM663192005Brokersanddealers 297.5 4979.3 65.3 164.9 874.0 17LM613192003Financecompanies 6814.0 711.1 153.5 6514.5 276.1 16LM543192073Lifeinsurancecompanies 140.3 5855.6 831.7 6070.9 733.7 192.2 15LM513192003Property-casualtyinsurancecompanies 313.6 7650.0 124.4 7044.9 14LM753192003ForeignbankingofficesinU.S. 876.0 707.3 162.6 7136.3 13LM115114005Nonfinancialnoncorporatebusiness 297.5 6514.5 164.9 861.7 8245.8 12LM103192005Liab.:Nonfinancialcorporatebusiness 711.1 140.5 5438.6 250.3 226.3 7650.0 635.4 ForeigndirectinvestmentinU.S.: 6375.7 11LM663092003Brokersanddealers 10LM613092003Financecompanies 9LM543092073Lifeinsurancecompanies 8LM513092003Property-casualtyinsurancecompanies 7LM763092000U.S.-chartereddepositoryinstitutions 6LM103092005Asset:Nonfinancialcorporatebusiness 5LM263092313Less:U.S.parents’liabilities 4LM263192313U.S.parents’claims 3LM263192305Intercompanydebt(2) 2LM263192101Equity 1LM263192005Liab.:Restoftheworld(1) U.S.directinvestmentabroad: Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.230 DirectInvestment (2) Through1992:Q4,U.S.directinvestmentabroad excludesnetinflowsfromcorporatebondsissuedbyNetherlandsAntilleanfinancialsubsidiaries. (1) Directinvestmentisvaluedonamarketvalue basisandpresentedonadirectionalbasis. 0821 002019 2020 2019 2018 59232. 87535. 84132. 86138. 87546 3887.5 45 4451.0 3887.5 4448.8 3846.1 43 4403.9 3827.0 5371.6 42 4442.0 3824.1 5935.3 4619.3 4458.4 3754.0 5180.6 4579.1 4381.5 3887.5 5136.9 4559.9 4451.0 3824.1 5174.9 4554.8 40 4458.4 3519.2 5189.0 5956.1 4477.7 39 4127.2 6080.5 5105.2 5956.1 5371.6 6079.2 5935.3 5884.1 4554.8 37 6013.1 5189.0 5807.4 4213.0 7728.1 36 5934.3 4820.9 5794.7 7858.4 6638.1 5959.6 5750.3 6761.2 6566.8 5890.6 5956.1 6695.8 6489.7 6080.5 5794.7 6616.7 6475.9 5959.6 5574.8 6640.9 6425.7 5801.0 6566.0 7728.1 7858.4 33 6475.9 1727.8 6640.9 6243.9 32 1720.2 6470.1 10583.4 1688.8 9132.2 1763.1 8401.3 1782.9 6999.0 28 1288.7 1796.3 27 8764.2 8121.4 1282.1 1727.8 8061.9 7033.8 1259.9 1782.9 10583.4 6685.1 8764.2 1275.0 1676.2 5728.7 6725.5 1313.6 7485.0 1309.1 6996.0 1288.7 8121.4 1313.6 7485.0 1294.5 6149.4 22 10583.4 9132.2 8401.3 6999.0 8764.2 8061.9 10583.4 8764.2 6725.5 2 8121.4 7033.8 6685.1 5728.7 7485.0 6996.0 8121.4 7485.0 6149.4 0. 3. 6. 2. 3. 1. 5. 6. 6. 47 563.5 561.3 44 557.8 563.5 615.0 561.3 634.2 557.8 627.5 615.0 41 563.5 124.4 634.2 634.2 123.1 627.5 608.0 38 128.9 563.5 124.4 126.9 634.2 123.1 164.9 608.0 128.9 140.3 126.9 124.4 164.9 164.9 140.3 226.3 124.4 164.9 226.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 133

Levels Levels 0 F43905 oenetsosrdetrrss9. 2. 8. 3. 2. 5. 7. 8. 8. 40 189.8 186.5 170.0 150.2 127.3 30 135.3 11.6 189.8 29 36 11.5 77.5 5094.9 35 127.3 1563.4 32 5370.6 538.8 10.3 81.7 26 1629.7 95.3 48FL903090005Discrepancy 5666.0 36.2 1646.2 548.8 5746.1 12.8 87.0 47FL263076005Restoftheworld 1616.1 32.8 5256.4 537.1 28 1585.8 17.0 105.9 5205.3 46FL503094505Otherfinancialbusiness 666.7 539.3 30.1 1661.9 45FL733090005Holdingcompanies 5094.9 79.7 691.1 21.7 44FL663090005Brokersanddealers 1563.4 485.1 5256.4 30.5 1585.8 630.5 85.9 4925.0 495.3 43FL643090005REITs 11.6 1622.1 32.6 729.1 42FL613090005Financecompanies 538.8 77.5 41FL673090543ABSissuers 17.0 429.2 48.5 40FL403093005Government-sponsoredenterprises 485.1 79.7 28.5 23 455.0 24 479.7 39LM563093003Exchange-tradedfunds 36.2 5551.6 3816.1 76.2 666.7 38FL653093005Mutualfunds 6455.2 3861.7 37FL633093005Moneymarketfunds 32.6 6425.8 429.2 3751.8 7180.8 3642.4 36FL223090005Stateandlocalgovt.retirementfunds 102.5 508.1 5535.3 35FL343073045Federalgovernmentretirementfunds 3600.4 34FL573090005Privatepensionfunds 10 5637.3 3548.0 3.2 5551.6 3816.1 33FL543090005Lifeinsurancecompanies 5535.3 3600.4 32FL513090005Property-casualtyinsurancecompanies 4.1 14 5826.3 3398.2 119.6 31FL473090005Creditunions 116.3 3.5 30FL743093005BanksinU.S.-affiliatedareas 13 1861.9 29FL753093005ForeignbankingofficesinU.S. 118.6 28FL763090005U.S.-chartereddepositoryinstitutions 1851.8 3.1 9 27FL713090005Monetaryauthority 128.7 1830.4 187.3 1777.3 114.3 3.0 26FL213093003Stateandlocalgovernments 12 212.8 1718.6 25FL313090005Federalgovernment 1735.5 117.6 1709.3 3.2 232.0 1707.6 24FL113090005Nonfinancialnoncorporatebusiness 119.6 1861.9 1651.0 251.9 23FL103090005Nonfinancialcorporatebusiness 1718.6 6 8 114.3 3.2 22FL153090005Householdsector 1603.0 205.7 4042.5 1586.9 3353.2 1599.7 111.9 4388.7 3326.2 21FL893090005Totalassets 3.0 230.3 1581.1 4531.8 3344.9 1735.5 187.3 20FL263190005Restoftheworld 4781.2 3288.7 3.2 3 1599.7 4 205.7 4199.5 3270.0 19FL503190005Otherfinancialbusiness 8727.0 1518.3 1912.3 4304.8 3270.1 18FL733193005Holdingcompanies 217.9 8722.4 1913.0 17FL663190005Brokersanddealers 4042.5 3353.2 8554.9 1893.0 4199.5 3270.0 8483.1 1868.7 16FL643193005REITs 4491.6 3077.7 8401.6 15FL613190005Financecompanies 1841.2 14FL403190005Government-sponsoredenterprises 8146.1 1820.0 8727.0 1912.3 13FL543190005Lifeinsurancecompanies 8401.6 1841.2 12FL513190005Property-casualtyinsurancecompanies 7241.4 1759.5 11FL473193005Creditunions 10FL743193005BanksinU.S.-affiliatedareas 9FL753190005ForeignbankingofficesinU.S. 8FL763190005U.S.-chartereddepositoryinstitutions 7FL713190005Monetaryauthority 6FL223073045Stateandlocalgovernments 5FL313190005Federalgovernment 4FL113193003Nonfinancialnoncorporatebusiness 3FL103190005Nonfinancialcorporatebusiness 2FL543077073Householdsector 1FL893190005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.231 TotalMiscellaneousFinancialClaims 134

Z.1, March11,2021 78. 77. 83. 74. 77. 05. 96. 91. 83. 21 28239.3 29513.1 29860.1 30756.6 27077.5 27340.2 28239.3 27077.5 27082.7 1 26257.0 26602.9 26524.5 26409.2 25067.1 24938.9 26257.0 25067.1 23603.6 37. 21. 18. 20. 21. 44. 33. 21. 18. 48 -1982.3 -2910.2 -3335.6 -4347.4 -2010.4 -2401.4 -1982.3 -2010.4 -3479.0 0821 002019 2020 2019 2018 55437. 98638. 61233. 83832. 98645 3908.6 3825.8 3823.8 3730.2 3671.2 3687.3 3908.6 3671.2 3565.4 34 1706.9 1801.6 1846.3 2016.0 1663.1 1757.2 1706.9 1663.1 1994.0 22 1341.2 1330.3 1301.8 1287.1 1286.9 1257.3 1341.2 1286.9 1245.1 5 2240.1 2320.7 2114.0 1929.6 1901.0 1960.5 2240.1 1901.0 1922.9 3. 6. 5. 5. 6. 9. 6. 7. 5. 46 858.7 44 877.8 779.4 43 869.2 753.3 200.5 797.1 777.4 189.2 869.4 834.4 188.7 852.0 671.6 198.0 38 858.7 297.7 729.0 192.6 869.4 265.1 779.4 186.9 830.7 299.9 671.6 200.5 286.4 728.8 192.6 33 291.8 685.4 205.3 297.3 701.8 297.7 717.6 291.8 751.6 225.7 648.5 655.8 25 685.4 337.1 648.5 335.9 629.8 333.8 218.7 215.7 20 272.0 215.2 19 296.8 337.1 919.0 17 510.8 215.7 902.3 341.6 621.0 16 208.7 894.6 292.8 160.1 15 276.1 856.1 272.4 293.9 155.8 302.2 650.0 283.3 276.2 149.2 272.0 643.4 285.1 352.9 146.8 276.1 919.0 283.9 338.5 147.6 270.2 650.0 275.5 341.6 145.2 606.3 269.4 352.9 160.1 272.4 329.3 147.6 275.5 117.6 268.9 1. 4048071. . 09394818 4.8 3.9 10.9 0.1 14.0 0.7 4.8 14.0 -13.7 926. 556. 136. 296. 5547 65.5 64.7 62.9 61.7 42 57.5 61.3 41 48.9 111.3 60.4 60.0 108.0 39 65.5 150.3 102.5 58.2 151.9 61.3 98.1 51.5 127.8 59.2 92.3 46.9 94.0 90.2 57.5 84.9 111.3 51.5 84.1 92.3 31 54.4 150.3 133.1 86.0 84.9 120.1 27 49.0 122.8 65.9 54.0 106.0 92.2 257.5 382.4 94.1 25.4 133.1 21.6 92.2 49.0 86.5 25.4 27.3 11 24.9 23.3 7 44.0 24.1 43.2 19.9 43.5 19.4 2 50.8 19.5 35.6 40.4 24.9 37.7 40.3 19.4 38.1 44.0 18.3 39.0 40.4 36.5 40.6 36.6 35.6 36.5 35.0 . 051. 071. 351. 521. 37 10.5 15.2 13.2 83.5 10.5 10.7 10.5 10.5 8.1 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 F53925 te iaca uies000012500000012512512531 112.5 112.5 27 112.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 112.5 0.0 0.0 26 25 858.7 766.8 0.0 0.0 877.8 776.7 869.2 0.0 24 757.7 92.0 797.1 674.7 0.0 101.0 869.4 749.8 111.5 852.0 0.0 733.3 23 17 105.8 122.4 858.7 0.0 766.8 103.8 119.5 869.4 749.8 0.0 107.8 32FL313094205Asset:Federalgovernment 118.7 830.7 21 707.6 31FL503194205Otherfinancialbusiness 3867.7 111.3 92.0 16 19 0.0 30FL313094213Liab.:Monetaryauthority 3786.7 2.9 1065.0 112.5 3780.1 119.5 1007.8 EquityinvestmentinFederalReservefacilities: 0.0 112.1 3689.6 3.0 1001.9 123.1 29LM313094303Federalgovernment 3626.9 14 1049.3 105.8 0.0 5.9 28LM153094305Asset:Households(1) 12 3632.4 1.9 983.3 7.6 27LM503194305Liab.:Otherfinancialbusiness 112.5 3867.7 985.2 0.0 5.9 113.2 3626.9 6.7 EquityinvestmentunderPublic-PrivateInv.Program: 7.3 1065.0 3497.3 0.1 0.0 983.3 26FL503094505Asset:Otherfinancialbusiness 6.8 11 7.0 15 0.7 952.6 2806.1 25FL663194505Brokersanddealers 0.3 5.9 6.7 24FL753194503Liab.:ForeignbankingofficesinU.S. 7 2760.3 6.0 0.8 13.0 2744.3 0.5 4.8 Otherfinancialbusinesses’investmentinaffiliates: 2.9 9 2618.7 5.2 6 0.4 13.0 5 16.2 2603.5 23FL103094105Asset:Nonfinancialcorporatebusiness 1.4 0.5 42.9 6.8 22FL103094105Liab.:Financecompanies 2574.1 5.0 12.8 17.6 0.3 2806.1 1.3 0.0 43.9 NFCinvestmentinfinancecompanyaffiliates: 6.0 12.6 2603.5 20.6 7.6 0.2 4 46.2 2500.5 1.3 0.5 21FL733094705Asset:Holdingcompanies 12.8 30.1 32.4 5.2 0.2 55.0 20FL263194735Restoftheworld 1.4 0.5 12.8 24.6 32.4 19FL663194735Brokersanddealers 4.7 48.6 18FL613194733Financecompanies 0.7 13.0 25.6 32.0 1.3 17FL543194733Lifeinsurancecompanies 49.2 16FL513194733Property-casualtyinsurancecompanies 0.2 12.8 16.2 32.0 15FL763194735Liab.:U.S.-chartereddepositoryinstitutions 1.2 42.9 12.5 24.6 31.7 Holdingcompanynettransactionswithaffiliates: 0.2 1.4 48.6 29.1 32.5 14FL643092473Realestateinvestmenttrusts(FHLB) 52.2 13FL613092403Financecompanies 1.3 32.4 12FL543092473Lifeinsurancecompanies(FHLB) 11FL513092403Property-casualtyinsurancecompanies(FHLB) 1.2 31.7 10FL473092403Creditunions(FHLB) 9FL763092405U.S.-chartereddepositoryinstitutions(FHLB) 8FL313092403Federalgovernment 32.3 7FL113092405Nonfinancialnoncorporate(FCS) 6FL103092405Asset:Nonfin.corporatebusiness(FannieMaeandFCS) 5FL403192405Liab.:Government-sponsoredenterprises Equityingovernment-sponsoredenterprises: 4FL713164003Asset:U.S.-chartereddepositoryinstitutions 3FL713164003Liab.:Monetaryauthority FederalReserveBankstock: 2FL313092803Asset:Federalgovernment 1FL313092803Liab.:Restoftheworld FederalgovernmentequityinIBRD,etc.: Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.232 IdentifiedMiscellaneousFinancialClaims-PartI (1) FundsinvestedbyfinancialinstitutionssuchasdomestichedgefundsthroughthePublic-Private InvestmentProgram(PPIP). 0821 002019 2020 2019 2018 1. 1. 0. 1. 1. 1. 0. 0. 0. 22 105.8 103.8 107.8 111.3 112.5 112.1 105.8 112.5 113.2 831. 1. 871. . 2864-4520 18 -14.5 8.2 6.4 9.3 22.8 9.1 5.6 9.3 17.1 10.2 48.7 11.9 -14.5 8.2 17.1 10.2 18.3 15.0 3 32.4 32.4 2 1 68.7 32.0 68.7 69.0 32.0 69.0 68.8 31.7 68.8 68.8 32.5 68.8 67.5 32.4 67.5 67.5 31.7 67.5 68.7 32.3 68.7 67.5 67.5 66.1 66.1 ...... 30 1.5 32 114.0 1.5 114.0 29 0.0 28 114.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 114.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13 0.0 10 0.1 3.9 8 0.0 0.0 4.0 0.1 0.0 3.9 0.1 0.0 4.3 0.1 0.0 3.9 0.0 0.0 3.8 0.1 0.0 3.9 0.0 0.0 3.9 0.0 4.0 0.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 135

Levels Levels 0 F53705 se: rvt eso ud 9. 7. 4. 8. 7. 3. 3. 7. 4. 40 147.1 273.0 335.2 531.1 38 1563.4 42 175.7 37 4042.5 41 39 147.1 1629.7 35 1563.4 4042.5 288.2 4388.7 323.6 1646.2 273.0 1629.7 4388.7 4531.8 34 147.1 1616.1 310.8 1646.2 4531.8 753.6 335.2 32 4781.2 1585.8 76.5 175.7 1616.1 4781.2 310.7 4199.5 33 716.3 531.1 1661.9 1585.8 753.6 4199.5 590.0 4304.8 313.6 80.0 1563.4 747.2 175.7 1661.9 4304.8 4042.5 716.3 1585.8 31 315.4 1563.4 4042.5 744.0 83.0 288.2 4199.5 76.5 1622.1 747.2 1585.8 4199.5 298.8 4491.6 685.5 147.1 87.0 1622.1 4491.6 744.0 80.0 323.6 716.6 175.7 685.5 29 83.8 83.0 315.4 604.3 753.6 590.0 716.6 28 301.0 86.1 584.7 87.0 685.5 877.9 753.6 577.8 683.8 76.5 83.8 42FL223073045Stateandlocalgovt.retirementfunds 849.2 685.5 41FL343073045Federalgovernmentretirementfunds 558.9 833.4 83.8 683.8 30 40FL573073005Asset:Privatepensionfunds 86.1 273.6 589.6 805.8 84.7 39FL223073045Stateandlocalgovernments 76.5 264.5 581.9 843.3 38FL343073045Federalgovernment 37FL573073005Liab.:Nonfinancialcorporatebusiness 24 255.6 604.3 83.8 25 26 830.9 430.8 Claimsofpensionfundonsponsor: 148.3 340.8 20 246.9 589.6 79.7 84.7 877.9 416.5 142.6 336.6 36FL313195105Asset:Householdsector 253.7 555.8 843.3 79.0 35FL313195105Liab.:Federalgovernment(3) 404.0 137.0 326.9 249.0 Retireehealthcarefunds: 789.2 395.6 132.3 320.8 78.1 273.6 34FL663097005Asset:Brokersanddealers 392.0 129.0 318.6 77.6 33FL663097005Liab.:Otherfinancialbusiness 16 253.7 17 35.6 385.9 Securitiesborrowed(net): 126.1 314.0 445.9 233.4 21 77.6 430.8 1431.6 148.3 340.8 37.7 438.8 32FL573074005Asset:Privatepensionfunds 1413.7 31FL573074005Liab.:Nonfinancialcorporatebusiness 76.2 392.0 129.0 318.6 432.3 38.1 1373.3 Pensionfundcontributionspayable: 377.0 119.0 308.1 79.7 1347.7 427.5 9 39.0 30FL223095505Stateandlocalgovernmentretirementfunds 1338.2 13 8.1 426.6 29FL573095005Asset:Privatepensionfunds 77.6 111.3 1319.0 36.5 28FL593095005Liab.:Lifeinsurancecompanies 419.6 1431.6 Unallocatedinsurancecompanycontracts: 108.0 74.3 11.5 11 1338.2 36.6 445.9 10 83.6 102.5 259.3 27FL263076005Restoftheworld 1294.2 4.8 426.6 26FL513076005Property-casualtyinsurancecompanies 35.6 98.1 130.5 236.4 25FL113076005Nonfinancialnoncorporatebusiness 408.7 0.0 24FL103076005Nonfinancialcorporatebusiness 53.9 36.5 97.7 92.3 23FL153076005Asset:Householdsector 0.0 35.0 0.0 0.0 90.2 22FL263176005Restoftheworld 7 6 21FL513176005Liab.:Property-casualtyinsurancecompanies 14.5 14.5 111.3 0.0 0.0 0.0 Policypayables: 3 92.3 14.9 14.9 0.0 20FL543095105Lifeinsurancecompanies 8.1 0.0 17.9 19FL153095105Asset:Householdsector 86.0 15.8 15.8 23.9 83.6 0.0 259.3 18FL263195105Restoftheworld 15.1 15.1 17FL543195005Liab.:Lifeinsurancecompanies 0.0 226.9 0.0 0.0 Lifeinsurancecompanyreserves: 10.4 10.4 357.7 0.0 0.0 16FL543077073Asset:Lifeinsurancecompanies 3.7 10.8 10.8 15FL543077073Liab.:Householdsector Deferredandunpaidlifeinsurancepremiums: 14.5 14.5 1.0 14FL673090543Asset:ABSissuers 10.4 10.4 13FL673090543Liab.:Lifeinsurancecompanies(2) 17.9 Fundingagreementsbackingsecurities: 7.6 7.6 3.7 12FL613072003Financecompanies 11FL113072003Nonfinancialnoncorporatebusiness 4.2 10FL103072005Nonfinancialcorporatebusiness 9FL163072003Asset:Nonprofitorganizations 8FL313172003Liab.:Federalgovernment PaycheckProtectionProgramsubsidiespayable: 7FL403197033Asset:U.S.-chartereddepositoryinstitutions 6FL403197033Liab.:Government-sponsoredenterprises DepositsatFederalHomeLoanBanks: 5FL313131003Asset:Householdsector 4FL313131003Liab.:Federalgovernment PostalSavingsSystemdeposits: 3FL713091103Monetaryauthority(1) 2FL313091105Asset:Federalgovernment 1FL263191103Liab.:Restoftheworld Nonofficialforeigncurrencies: Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.233 IdentifiedMiscellaneousFinancialClaims-PartII 136 (3) IncludesUniformServicesRetireeHealthCare FundandPostalServiceRetireeHealthBenefitsFund. areincludedinforeigndirectinvestmentthe U.S.SeetablesL.133andL.230. (2) Equaltofundingagreement-backedsecurities (FABS)issuedbydomesticissuersofasset-backedsecurities.Fundingagreement-backedsecurities issuedbyforeignentities (1) Reciprocalcurrencyarrangements(swaplines) withforeigncentralbanks.

Z.1, March11,2021 0821 002019 2020 2019 2018 0. 1. 2. 9. 1. 1. 1. 1. 2. 36 323.6 310.8 310.7 313.6 315.4 298.8 323.6 315.4 301.0 23 624.3 22 629.3 178.2 613.4 176.0 605.0 170.9 19 603.9 167.7 385.3 596.8 166.6 378.8 624.3 164.2 372.9 603.9 178.2 368.5 591.9 166.6 367.6 161.1 361.7 385.3 367.6 352.2 926. 556. 136. 296. 5527 65.5 64.7 62.9 61.7 61.3 60.4 18 65.5 19.1 61.3 19.0 59.2 18.7 15 35.6 18.6 37.7 18.6 14 38.1 111.3 18.3 39.0 108.0 19.1 102.5 36.5 18.6 98.1 36.6 17.8 92.3 35.6 90.2 36.5 111.3 35.0 92.3 86.0 ...... 12 2.0 1.8 0.8 8 353.0 0.0 380.3 0.0 5 157.1 4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 2 0.0 2.6 0.0 0.0 0.0 0.0 2.6 1 0.0 353.0 0.0 20.5 0.0 2.6 0.0 0.0 26.5 0.0 2.6 0.0 229.5 0.0 360.3 0.0 2.6 0.0 6.4 0.0 2.6 0.0 3.6 0.0 2.6 0.0 20.5 2.6 6.4 2.6 6.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F43905 oenetsosrdetrrss9. 2. 8. 3. 2. 5. 7. 8. 8. 35 189.8 186.5 170.0 150.2 29 562.5 31 127.3 26 778.8 11.6 577.9 135.3 717.4 25 594.3 189.8 11.5 77.5 878.6 28 628.9 127.3 197.3 10.3 81.7 22 717.9 36.2 529.2 95.3 211.5 803.1 12.8 87.0 538.0 32.8 209.7 24 651.5 17.0 105.9 562.5 603.6 218.2 40FL903090005Discrepancy 30.1 778.8 79.7 529.2 626.2 21.7 166.3 803.1 39FL733093005Holdingcompanies 30.5 515.8 562.1 38FL663093005Brokersanddealers 85.9 181.1 11.6 200.0 32.6 652.0 197.3 37FL643093005REITs 77.5 17.0 36FL613093005Financecompanies 362.5 48.5 166.3 35FL403093005Government-sponsoredenterprises 79.7 28.5 19 386.1 20 171.3 36.2 4754.2 3571.1 34LM563093003Exchange-tradedfunds 76.2 603.6 5697.1 3575.6 33FL653093005Mutualfunds 32.6 5815.0 362.5 32FL633093005Moneymarketfunds 12 8 3548.1 62.2 6672.5 3.2 3497.5 102.5 439.1 31FL223093005Stateandlocalgovt.retirementfunds 5029.5 3458.6 11 57.5 30FL573093005Privatepensionfunds 426.8 5138.0 4.1 3409.2 4754.2 56.7 29FL543093005Lifeinsurancecompanies 3571.1 455.8 28FL513093005Property-casualtyinsurancecompanies 5029.5 3.5 3458.6 462.1 58.6 7 5334.9 3266.7 27FL473093005Creditunions 10 95.3 445.9 3.1 26FL743093005BanksinU.S.-affiliatedareas 300.9 55.3 25FL753093005ForeignbankingofficesinU.S. 350.5 111.8 290.9 24FL763093005U.S.-chartereddepositoryinstitutions 57.6 3.0 362.7 23FL713093005Monetaryauthority 120.5 6 275.8 62.2 426.8 547.2 3.2 129.5 248.7 22FL213093003Stateandlocalgovernments 21FL313093003Federalgovernment 350.5 565.9 55.3 86.1 254.6 3.2 298.2 600.6 20FL113093005Nonfinancialnoncorporatebusiness 255.4 52.1 111.5 19FL103093005Nonfinancialcorporatebusiness 670.0 3.0 300.9 95.3 18FL893093005Totalassets 666.5 2 3 254.6 3.2 86.1 8503.3 1912.3 696.0 17FL503193005Otherfinancialbusiness 218.1 8369.4 1913.0 16FL733193005Holdingcompanies 94.8 547.2 8136.7 15FL663193005Brokersanddealers 1893.0 666.5 7865.0 1868.7 14FL643193005REITs 8142.0 1841.2 577.2 13FL613193005Financecompanies 7771.8 1820.0 12FL403193005Government-sponsoredenterprises 8503.3 1912.3 11FL543193005Lifeinsurancecompanies 8142.0 1841.2 10FL513193005Property-casualtyinsurancecompanies 6566.7 1759.5 9FL473193005Creditunions 8FL743193005BanksinU.S.-affiliatedareas 7FL753193005ForeignbankingofficesinU.S. 6FL763193005U.S.-chartereddepositoryinstitutions 5FL713193005Monetaryauthority 4FL313193013Federalgovernment 3FL113193003Nonfinancialnoncorporatebusiness 2FL103193005Nonfinancialcorporatebusiness 1FL893193005Totalliabilities Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.234 UnidentifiedMiscellaneousFinancialClaims 11. 23. 25. 24. 23. 45. 31. 32. 25. 18 12754.7 13623.1 13816.1 14650.0 12336.4 12344.9 12754.7 12336.4 11911.3 37. 21. 18. 20. 21. 44. 33. 21. 18. 40 -1982.3 -2910.2 -3335.6 -4347.4 -2010.4 -2401.4 -1982.3 -2010.4 -3479.0 15 -1490.1 -1491.7 -1465.7 -1447.8 -1380.3 -1380.1 -1490.1 -1380.3 -1330.9 0821 002019 2020 2019 2018 4221360172494. 02. 00. 08. 01. 07. 1 10772.4 10712.9 10480.5 10302.6 10326.0 9943.5 10772.4 10326.0 8432.2 0. 9. 0. 8. 9. 9. 8. 8. 0. 37 200.5 189.2 188.6 33 197.7 297.7 192.1 265.1 30 186.4 299.9 878.9 200.5 286.4 863.8 192.1 291.8 850.3 204.8 297.3 839.0 297.7 813.9 291.8 801.0 225.7 878.9 21 813.9 151.8 763.5 150.3 148.4 147.3 145.7 145.1 151.8 14 160.1 13 145.7 158.4 155.8 140.0 170.3 149.2 168.3 146.8 163.3 147.6 152.9 145.2 145.4 160.1 158.4 147.6 152.9 117.6 140.7 1. 4048071. . 09394816 4.8 17 52.9 3.9 73.6 10.9 34.9 0.1 112.1 14.0 -35.5 0.7 -73.2 52.9 4.8 -35.5 14.0 -77.5 -13.7 814. 105. 444. 373. 1039 41.0 38 25.8 39.1 36 37.1 55.4 43.7 30.1 47.0 40.6 90.4 34 59.2 44.4 150.3 -13.9 58.1 151.9 54.9 12.4 127.8 51.4 41.0 94.0 25.8 46.8 44.4 84.9 -13.9 55.4 68.1 45.0 84.1 27 51.4 129.1 150.3 23 54.3 116.2 31.1 84.9 118.9 30.1 65.9 101.7 30.6 88.2 24.7 90.2 21.7 129.1 20.6 88.2 31.1 82.5 21.7 23.1 9 24.9 23.3 24.1 19.9 19.4 19.5 24.9 19.4 18.3 02-. . 02-. 020000004 0.0 0.0 0.0 -0.2 -0.2 -0.2 0.0 -0.2 -0.2 . 051. 071. 351. 521. 32 10.5 15.2 13.2 83.5 10.5 10.7 10.5 10.5 8.1 5 10.1 9.3 10.0 18.8 8.7 7.8 10.1 8.7 8.2 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 137

Levels Balance Sheets 2 F15306 wes qiyra sae(ecn)(ie5/ie4 40 49 58 48 49 52 54 54 58 52 65.87 48 2014.9 50 65.47 754.94 2012.3 65.49 697.71 2007.6 651.33 65.23 2010.0 667.40 1997.9 64.98 51 42 49 714.77 21103.1 1984.8 425.3 17268.3 64.83 20448.7 698.94 17661.9 2014.9 20161.0 387.4 18360.8 745.05 65.87 19777.9 1997.9 16698.6 19446.6 723.12 373.5 16539.6 1916.0 64.98 19199.0 16400.5 669.25 21103.1 329.7 17497.4 64.05 19446.6 16348.6 39 18176.8 371.4 15766.5 35.6 37 36 287.4 350.8 666.9 37.7 285.2 425.3 567.9 52FL155035066Owners’equity/realestate(percent)(line51/line4) 38.1 282.9 35 371.4 495.8 51FL155035065Owners’equityinrealestate(line4lessline33) 370.1 50FL152090006Networth/DPI(percent)(line40/line49) 280.7 39.0 311.3 510.1 49FA156012005Disposablepersonalincome(DPI)(SAAR) 364.1 278.4 495.9 36.5 378.8 48LM165013665Nonresidential(nonprofits) 276.1 479.7 47LM165012665Nonprofitorganizations 383.8 36.6 31 287.4 46LM155012665Households 202.3 666.9 349.8 45LM155012605Residential 35.6 278.4 205.5 Replacement-costvalueofstructures: 495.9 337.0 269.1 36.5 206.9 471.0 44FL154023213Prepaidtuitionplans 370.1 43LM154023223Collegesavingsplans 209.2 35.0 349.8 42FL154023205Assetsheldin529collegeplans(9) 33 22 212.1 41FL893131573AssetsheldinIRAs(9) 339.0 10935.4 25.3 27 10786.5 213.2 29472.8 Memo: 10625.6 28354.2 25.5 10543.5 202.3 27729.4 20 28 10481.8 40FL152090005Networth 26498.3 922.0 13231.9 10413.8 25.7 212.1 27744.4 12870.6 10935.4 27165.9 894.7 39FL543077073Deferredandunpaidlifeinsurancepremiums 12681.2 10481.8 215.2 29472.8 26.5 12475.5 10204.4 38FL163170005Tradepayables(5) 27744.4 928.2 12387.1 25743.1 12316.3 27.7 37FL163165505Commercialmortgages(5) 950.8 13231.9 18 36FL153169005Otherloansandadvances 12387.1 805.1 16 1187.3 28.4 11596.5 35FL153168005Depositoryinstitutionloansn.e.c. 213.2 1230.2 34FL153166000Consumercredit 813.3 25.3 33FL153165105One-to-four-familyresidentialmortgages(8) 305.2 1444.5 922.0 32FL154123005Loans 1294.7 394.4 13 27.7 31FL163162003Debtsecurities(municipalsecurities)(5) 2419.1 805.1 1186.2 724.9 2468.1 1115.9 30FL154190005Liabilities 31.3 781.8 2619.6 700.8 1187.3 11 29FL153090005Miscellaneousassets 12 2422.3 1186.2 3241.1 649.6 10827.7 6 28LM152090205Equityinnoncorporatebusiness(7) 2207.9 1046.1 11325.6 2100.5 27FL153050005Pensionentitlements(6) 467.7 213.2 11174.5 2076.3 26FL153040005Lifeinsurancereserves 8 1778.7 10546.7 465.7 25FL163070005Tradereceivables(5) 2419.1 700.8 10200.2 6181.2 1403.8 10039.1 5 24LM153064205Mutualfundshares 2207.9 462.8 6064.0 1242.4 593.1 10827.7 23LM153064105Corporateequities 7 3763.4 1799.0 10200.2 5818.2 1005.6 461.6 203.7 9661.4 3638.9 5798.2 22FL163066223Consumercredit(studentloans)(5) 3241.1 3646.5 457.0 200.5 21FL153065005Mortgages 5750.1 1242.4 3612.8 20FL153069005Otherloansandadvances(4) 453.0 5710.9 198.0 1208.7 19FL154023005Loans 3594.0 6181.2 467.7 195.0 3652.1 5750.1 18LM153063005Corporateandforeignbonds 3763.4 457.0 192.5 17LM153062005Municipalsecurities 5521.7 3594.0 16LM153061705Agency-andGSE-backedsecurities 438.6 192.0 15LM153061105Treasurysecurities 3312.3 14LM154022005Debtsecurities 203.7 192.5 13FL153034005Moneymarketfundshares 12FL153030005Timeandsavingsdeposits 184.1 11FL153020005Checkabledepositsandcurrency 10LM153091003Foreigndeposits 9FL154090005Financialassets 8LM155111005Consumerdurablegoods(3) 7LM165013765Intellectualpropertyproducts(nonprofits)(3) 6LM165015205Equipment(nonprofits)(3) 5LM165035005Nonprofitorganizations 4LM155035015Households(2) 3LM155035005Realestate 2LM152010005Nonfinancialassets 1FL152000005Assets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.101 BalanceSheetofHouseholdsandNonprofitOrganizations(1) 138 (9) Includedinassetsshown onthehouseholdbalancesheet. (8) Includesloansmadeunderhomeequitylines ofcreditandhomeequityloanssecuredbyjuniorliens(tableL.218,line23). (7) Networthofnonfinancialnoncorporatebusiness (tableB.104,line35)andowners’equityinunincorporatedsecuritybrokersdealers. (6) Includespublicandprivatedefinedbenefit definedcontributionpensionplansandannuities,includingthoseinIRAsatlifeinsurance companies.Excludessocialsecurity. (5) Studentloansandtradereceivablesarefinancial assetsofnonprofitorganizations;municipalsecurities,commercialmortgages,andtradepayables areliabilities. (4) Includescashaccountsatbrokersanddealers andsyndicatedloanstononfinancialcorporatebusinessbynonprofitsdomestichedgefunds. (3) Atreplacement(current)cost. (2) Alltypesofowner-occupiedhousingincluding farmhousesandmobilehomes,aswellsecondhomesthatarenotrented,vacantfor sale,andvacantland.Atmarketvalue. householdsandnonprofitorganizations,respectively. Detailonthesector’sindirectholdingsofdebtsecuritiesandequityisshowntableB.101.e. (1) Sectorincludesdomestichedgefunds,privateequityandpersonaltrusts.Supplementary balancesheettablesB.101.handB.101.nshowestimatesofannualyear-endoutstandings

Z.1, March11,2021 0581181. 3350142. 1298114. 1591132. 335040 130365.0 123229.4 119589.1 111445.5 118219.8 114628.9 130365.0 118219.8 105518.1 1 147421.9 139989.0 136080.2 127923.1 134624.4 130870.2 147421.9 134624.4 121411.8 79. 85. 91. 88. 85. 82. 81. 90. 91. 46 19712.2 45 19305.5 20034.5 18814.1 19621.4 18726.6 19122.2 18551.3 19033.6 18381.4 18855.7 19712.2 18683.7 18551.3 20034.5 17898.9 18855.7 18195.5 32 16437.8 16137.2 15869.0 30 15854.2 17056.9 15782.9 16759.6 15620.3 16491.2 16437.8 16477.6 15782.9 16404.6 15278.5 16241.3 17056.9 16404.6 15893.7 23 24719.1 21668.9 19953.3 16169.8 20868.3 19433.4 24719.1 20868.3 16300.0 9 104767.3 98384.8 95168.1 87534.2 94702.3 91249.5 4 104767.3 94702.3 3 32038.5 83574.0 31235.1 35801.9 30786.6 2 34874.0 30321.4 34433.0 42654.6 29928.4 33934.2 41604.2 29612.8 33522.4 40912.1 32038.5 33264.9 40388.9 29928.4 35801.9 39922.1 28381.2 33522.4 39620.7 31693.5 42654.6 39922.1 37837.8 0821 002019 2020 2019 2018 2001050N 07. 12. 51017601330N 41 ND 11343.0 10796.0 9511.0 11025.0 10475.0 ND 11025.0 9250.0 34 4178.1 4133.6 4085.9 4136.3 4176.9 4113.8 29 1341.2 4178.1 1330.3 4176.9 26 1301.8 3995.1 1817.5 1287.1 1764.1 1286.9 1736.1 1257.3 24 1709.2 11274.9 1341.2 10160.3 1731.3 1286.9 9520.2 1718.8 1245.1 8199.8 1817.5 10041.7 1731.3 9376.9 1659.1 11274.9 17 1909.3 10041.7 8006.0 1905.4 15 1767.3 14 1900.8 5077.1 1583.4 1880.2 5024.2 1582.9 1904.3 5322.5 1541.5 1901.7 5441.2 1975.3 1909.3 5766.7 1960.9 1904.3 5628.1 1767.3 1866.1 5077.1 1975.3 5766.7 1647.9 5153.3 9. 0. 2. 0. 0. 0. 0. 1. 2. 47 322.2 315.9 308.1 306.9 43 398.6 304.3 361.7 302.3 348.2 322.2 306.0 304.3 346.3 296.6 326.3 38 381.3 398.6 379.2 346.3 377.2 288.8 375.1 373.1 371.1 381.3 373.1 365.0 25 277.6 275.6 273.6 271.7 269.7 19 267.8 1024.7 277.6 998.7 269.7 1033.4 1058.4 262.1 914.9 924.3 1024.7 914.9 897.7 252. 672. 512. 532. 6744 26.7 25.8 25.3 23.8 25.1 24.6 26.7 25.1 22.5 21 77.4 78.5 79.5 81.0 82.1 82.6 10 77.4 42.6 82.1 43.6 84.6 44.0 50.4 41.0 39.7 42.6 41.0 42.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

0 F15175 nelculpoet rdcs21. 51021. 52427. 69324. 67921. 50 2717.7 2677.9 52 2642.0 6914.5 44 2609.3 26.82 7938.5 2571.0 8148.6 30.20 2532.4 8805.8 46 33.54 2717.7 39533.1 43 7591.2 39174.1 44.42 2571.0 39.99 8092.6 38514.7 2415.2 37630.3 45.54 6914.5 30.07 45 37287.3 165.60 7591.2 36755.4 46.78 32.24 39533.1 150.79 8820.8 37287.3 54FL105013613Nonresidential 46.21 139.48 26.82 34893.2 53FL105012613Residential 115.56 42.96 Historical-costvalue ofstructures: 30.07 42 142.87 Memo: 42.74 41553.2 36.39 132.58 36712.0 44.42 52FL102090115Networth(historicalcost)(line46lessline26) 33391.3 39 165.60 27003.0 15721.0 142.87 42.96 33676.5 16179.5 37 51FL105020000Inventories 31324.0 16473.5 9666.7 120.29 50FL105013715Intellectualpropertyproducts 43.77 41553.2 17140.3 8395.0 49FL105013213Equipment 33676.5 15975.1 33 26543.9 48FL105035045Realestate 16759.0 7744.1 2043.4 15721.0 47FL102010115Nonfinancialassets 6590.9 2010.4 15975.1 46FL102000115Assets(sumoflines7and47) 16365.6 8145.2 1977.4 32 7402.7 Withnonfinancialassetsstatedathistoricalcost: 1945.7 1129.9 9666.7 1855.7 1165.1 45FL103164106Equities/adjustednetworth(percent)(3) 8145.2 1826.8 1362.5 44FL104104016Debt/equities(percent)(3) 6215.8 2043.4 1368.1 43FL104104006Debt/adjustednetworth(percent)(3) 42LM103164103Marketvalueofequitiesoutstanding 1855.7 1036.6 41LM105013665Nonresidential 1726.9 1032.1 40LM105012665Residential 1129.9 Replacement-costvalueofstructures: 1036.6 Memo: 1015.0 24 7044.9 39FL102090005Networth(marketvalue) 6105.9 38FL103190005Miscellaneousliabilities 5809.9 16 37LM103192005ForeigndirectinvestmentinU.S. 4979.3 23.0 36FL103178005Taxespayable 6514.5 35FL103170005Tradepayables 24.1 12 6070.9 26.6 34FL103165005Mortgages 7044.9 27.8 33FL103169005Otherloansandadvances 6514.5 28.5 32FL103168005Depositoryinstitutionloansn.e.c. 11 5438.6 916.1 23.0 10 31FL104123005Loans 270.0 29.7 927.5 30FL103163003Corporatebonds(1) 16.0 265.0 29FL103162000Municipalsecurities(2) 24.4 962.2 28FL103169100Commercialpaper 303.5 15.3 916.4 27FL104122005Debtsecurities 12.2 286.2 23.0 558.3 9 26FL104190005Liabilities 10.2 196.0 1687.7 528.7 16.0 1741.6 25FL103090005Miscellaneousassets 184.8 26.6 916.1 24LM103092005U.S.directinvestmentabroad(1) 1830.4 18.1 270.0 6 23FL103070005Tradereceivables 12.2 1469.7 558.3 2581.1 22LM103064203Mutualfundshares 196.0 1270.7 4 21LM103064103Corporateequities 466.1 2526.0 14.6 5363.0 1398.8 187.2 2474.1 20FL103066005Consumercredit 5351.6 1687.7 2563.8 19FL103065003Mortgages 3 5330.7 1270.7 2620.4 18FL104023005Loans 14687.9 5325.7 1189.7 5 14204.3 2592.1 5288.7 14318.6 17LM103062003Municipalsecurities 2961.4 2581.1 14210.0 5248.4 16LM103061703Agency-andGSE-backedsecurities 2905.1 14148.3 2620.4 15LM103061103Treasurysecurities 5363.0 14437.1 2868.9 2570.3 14FL103069100Commercialpaper 14687.9 5288.7 2816.0 14148.3 13LM104022005Debtsecurities 5108.3 13027.1 2771.0 12FL102051003Securityrepurchaseagreements 2749.5 11FL103034000Moneymarketfundshares 2961.4 10FL103030003Timeandsavingsdeposits 2771.0 9FL103020000Checkabledepositsandcurrency 2604.2 8FL103091003Foreigndeposits 7FL104090005Financialassets 6LM105020015Inventories(replacementcost) 5LM105013765Intellectualpropertyproducts(replacementcost) 4LM105015205Equipment(replacementcost) 3LM105035005Realestate(marketvalue) 2LM102010005Nonfinancialassets 1FL102000005Assets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.103 BalanceSheetofNonfinancialCorporateBusiness asthesumofdebtsecurities (line27)andloans31).Equitiesare shownonline42. (3) Adjustednetworthiscalculatedas atmarketvalue(line39)lesstheequityportionofforeigndirectinvestmentinUnitedStates atmarketvalue(partofline37).Debtiscalculated (2) Industrialrevenuebonds.Issuedbystateand localgovernmentstofinanceprivateinvestmentandsecuredininterestprincipalbytheindustrial userofthefunds. (1) Through1992,corporatebondsincludenetissues byNetherlandsAntilleanfinancialsubsidiaries,andU.S.directinvestmentabroadexcludes netinflowsfromthosebondissues. 56. 64. 68. 66. 64. 68. 66. 64. 68. 47 16786.9 16746.1 16667.3 16581.0 16444.6 16360.8 16786.9 16444.6 15765.1 26 32618.6 31235.6 30366.1 28824.4 29696.2 28662.8 32618.6 29696.2 26072.4 7 22746.2 22428.0 21847.4 21049.2 20842.7 20394.6 2 22746.2 20842.7 25593.4 19128.1 1 24987.0 24992.2 48339.5 24915.5 47415.0 24828.5 46839.6 25027.2 45964.8 25593.4 45671.3 24828.5 45421.8 23309.9 48339.5 45671.3 42438.0 0821 002019 2020 2019 2018 59055. 91059. 79851. 85950. 91054 5951.0 5908.6 5865.9 5818.5 5759.8 5699.9 51 2186.6 5951.0 2265.8 49 5759.8 5194.4 48 2291.7 5519.0 6688.2 5152.3 2299.7 6650.0 5119.5 2293.6 6614.2 5110.6 2357.3 6561.4 5079.1 2186.6 6500.9 5037.4 2293.6 6433.7 5194.4 2208.4 6688.2 5079.1 6500.9 4894.1 6247.3 41 10039.2 10025.3 10001.0 10011.5 9945.9 38 9901.3 8727.0 10039.2 8722.4 9945.9 35 8554.9 9620.1 2817.4 8483.1 2772.6 8401.6 2571.3 8146.1 2678.3 31 8727.0 2771.2 3888.4 8401.6 2758.9 30 3867.9 7241.4 6541.6 2817.4 4022.5 6514.7 2771.2 3986.3 27 6428.2 2690.4 3554.9 7256.8 5988.5 3512.3 7219.1 5800.1 3888.4 7175.4 5800.7 25 3554.9 6811.6 5551.6 6541.6 3355.4 6571.9 6455.2 23 5800.1 3558.5 6586.9 6425.8 5543.2 21 3553.8 7256.8 7180.8 2694.7 3361.0 6571.9 5535.3 2411.8 3528.5 6302.8 5637.3 2222.5 3597.2 5551.6 1852.0 3627.9 5535.3 2313.7 3558.5 5826.3 2130.8 3597.2 2694.7 3512.7 2313.7 1791.9 1. 1. 2. 1. 1. 1. 1. 2. 2. 53 122.0 120.1 118.4 117.1 115.6 114.1 122.0 115.6 110.0 40 264.3 258.8 252.2 251.0 248.7 36 262.3 247.1 258.6 264.3 34 715.1 297.9 248.7 692.4 274.3 242.8 682.6 251.4 672.5 29 255.9 583.1 28 662.6 262.3 132.1 582.2 653.3 251.4 122.2 581.1 715.1 266.7 166.1 579.9 662.6 243.1 577.2 613.5 194.5 22 569.9 374.4 216.3 583.1 339.1 132.1 577.2 319.4 194.5 563.1 276.2 196.5 327.3 309.8 14 374.4 287.4 13 399.1 327.3 272.5 388.6 270.9 249.5 380.1 253.6 8 364.5 147.4 244.9 328.3 137.4 241.6 322.0 130.0 287.4 399.1 99.2 244.9 328.3 162.1 116.6 253.2 102.2 147.4 116.6 106.3 653. 583. 583. 483. 5820 35.8 19 39.4 18 75.2 35.1 38.7 17 19.8 73.8 34.8 38.0 15 68.9 19.7 72.8 34.7 37.4 72.3 19.4 72.1 35.8 36.7 83.3 19.0 72.5 35.2 36.1 68.9 19.3 71.3 35.8 39.4 48.0 19.2 75.2 35.8 36.7 45.9 19.8 72.5 36.5 34.2 68.9 19.3 70.7 48.0 18.5 54.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 139

Balance Sheets Balance Sheets 9 F14006 etntwrh(ecn)(ie2/ie3)5.54.05.24.54.05.85.15.05.239 50.02 51.50 51.61 34 50.58 36.7 49.70 35.1 49.35 30.9 50.02 26.1 49.70 30 313.4 50.65 32.1 294.0 57.4 269.5 36.7 231.9 24 13.0 226.3 29 32.1 1639.9 218.8 13.0 1722.8 58.5 39FL114104006Debt/networth(percent)(line27/line35) 313.4 1715.9 12.8 1575.4 38FL115013665Nonresidential 226.3 37FL115012665Residential 1490.3 12.6 218.4 Replacement-costvalueofstructures: 1485.0 12.8 1639.9 Memo: 1490.3 12.8 1465.2 36LM112090205Networth(5) 13.0 35FL113193003Miscellaneousliabilities 34LM115114005ForeigndirectinvestmentinU.S. 14 12.8 119.5 33FL113178003Taxespayable 12.5 119.6 32FL113170005Tradepayables 12 120.8 13 444.4 31FL113165005Mortgages 1225.6 30FL113169005Otherloansandadvances 117.6 443.1 1226.1 29FL113168005Depositoryinstitutionloansn.e.c. 110.6 1240.9 28FL114123005Loans 457.1 9 1183.5 109.0 396.4 27FL114190005Liabilities 289.8 1108.7 119.5 338.6 1092.9 289.9 26FL113093005Other 110.6 1225.6 25FL113072003PPPsubsidiesreceivable 333.1 292.2 24FL113092405EquityinvestmentinGSEs(4) 1108.7 104.6 444.4 23FL113076005Insurancereceivables 290.6 1047.9 22FL113090005Miscellaneousassets 338.6 289.9 21FL113070003Tradereceivables 317.5 286.4 20FL113066003Consumercredit 289.8 19FL113065005Mortgages 18FL114023005Loans 289.9 17LM113062003Municipalsecurities 273.9 16LM113061003Treasurysecurities 15LM114022005Debtsecurities 14FL113034003Moneymarketfundshares 13FL113030003Timeandsavingsdeposits 12FL113020005Checkabledepositsandcurrency 11FL114090005Financialassets 10LM115020005Inventories(2) 9LM115013765Intellectualpropertyproducts(2) 8LM115013265Nonresidential 7LM115012265Residential(3) 6LM115015205Equipment(2) 5LM115035035Nonresidential 4LM115035023Residential 3LM115035005Realestate(1) 2LM112010005Nonfinancialassets 1FL112000005Assets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.104 BalanceSheetofNonfinancialNoncorporateBusiness 140 (5) IncludedintableB.101,line28. (4) EquityintheFarmCreditSystem. (3) Durablegoodsinrentalproperties. (2) Atreplacement(current)cost. (1) Atmarketvalue.

Z.1, March11,2021 11. 20. 34. 23. 20. 29. 29. 28. 34. 36 13141.6 12783.5 12592.7 12390.7 12303.7 12235.7 13141.6 12303.7 11518.3 3 14327.7 2 13951.4 13742.3 15774.2 13549.5 1 15382.3 13474.6 15168.3 22473.5 13429.5 14977.6 22115.9 14327.7 14907.4 21806.4 13474.6 14845.9 21368.4 12679.9 15774.2 21099.6 14907.4 20948.4 14079.3 22473.5 21099.6 19924.9 0821 002019 2020 2019 2018 26224. 21623. 38324. 37720. 21638 2281.6 37 4154.2 2301.0 4073.4 2317.7 3975.3 2342.1 3963.4 2348.3 3933.7 2334.7 3912.1 2281.6 35 1912.3 4154.2 2348.3 1913.0 3933.7 2256.2 1893.0 3852.3 1868.7 1841.2 31 4620.6 1820.0 4567.1 1912.3 28 4514.1 1841.2 6574.0 4459.7 1759.5 27 6583.9 4398.5 9331.9 6499.6 4334.0 9332.4 26 6267.0 3571.1 4620.6 9213.7 6115.1 3575.6 4398.5 8977.7 6037.7 3548.1 4150.7 8796.0 22 6574.0 3497.5 3816.1 8712.7 6115.1 3458.6 3861.7 9331.9 5834.4 3409.2 3751.8 8796.0 3571.1 3642.4 8406.6 3458.6 3600.4 3266.7 3548.0 3816.1 3600.4 3398.2 11 6699.3 6733.6 6638.2 6390.8 6192.3 6102.5 6699.3 5 6192.3 4 5957.4 5845.6 8370.2 5808.6 8142.8 5831.8 7910.5 5795.0 7754.5 5782.7 7691.8 5860.0 7569.5 5957.4 8370.2 5782.7 7691.8 5423.6 7256.4 5. 6. 7. 6. 6. 7. 8. 7. 7. 33 170.6 32 638.3 170.7 629.8 188.1 602.0 170.5 645.4 164.4 643.2 162.1 635.4 170.6 638.3 164.4 23 643.2 148.3 155.6 598.6 21 142.6 952.6 137.0 942.0 132.3 926.4 129.0 912.9 126.1 902.0 148.3 889.2 129.0 952.6 119.0 902.0 852.6 10 246.0 235.7 8 844.6 236.9 6 841.8 244.4 910.7 837.4 258.7 905.3 835.3 249.2 896.8 827.5 246.0 893.0 823.2 258.7 884.2 844.6 262.0 880.8 827.5 910.7 807.0 884.2 863.5 905. 445. 185. 365. 4419 54.4 18 54.4 54.4 54.4 16 80.3 53.6 15 86.7 53.6 80.3 52.7 86.7 52.7 81.1 51.8 87.6 51.8 79.0 51.1 85.3 51.1 74.3 54.4 80.2 54.4 73.2 51.8 79.1 51.8 7 80.3 49.0 66.1 86.7 49.0 74.3 63.4 80.2 70.2 59.5 75.8 57.6 56.7 57.6 66.1 56.7 56.5 . . 360000005. 3. 3625 83.6 130.5 20 53.9 0.0 0.0 0.0 17 6.4 0.0 0.0 6.4 0.0 0.0 6.5 83.6 0.0 0.0 6.3 0.0 0.0 5.9 0.0 5.9 0.0 6.4 0.0 5.9 5.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

9 F13935 qiyivsmn ne PP00000000000000000029 0.0 31 29.5 0.0 -142.6 33 0.0 17268.3 4.2 17661.9 18360.8 0.0 16698.6 -404.6 28 32 16539.6 355.1 130365.0 233.2 16400.5 123229.4 119589.1 0.0 17497.4 111445.5 177.7 118219.8 -94.7 16348.6 114628.9 130365.0 20 15766.5 118219.8 159.4 105518.1 0.9 0.0 -513.5 120.3 508.5 21 0.1 0.0 13.3 50.8 -5.5 0.8 129.0 0.0 189.7 -33.8 812.5 0.7 0.0 777.2 -12.4 -1.1 485.0 -27.8 15 33FA156012005Disposablepersonalincome 300.4 -14.0 0.4 32FL152090005Networthoutstanding(4) 272.7 96.1 2.5 Memo: 11 15.5 44.0 -42.1 31FV158090005Othervolumechanges(3) 2.0 71.0 14 43.0 12 -49.7 835.4 303.3 13 30FR153030005Otherfinancialassets 166.9 535.1 3.3 42.1 29FR153094305EquityinvestmentunderPPIP 475.7 291.0 28FR152090205Equityinnoncorporatebusiness 178.2 8 202.9 6 1264.2 290.0 41.7 27FR153050005Pensionentitlements 9 -5.0 659.6 54.6 723.2 26FR153040005Lifeinsurancereserves 1248.6 465.4 287.6 25FR153064205Mutualfundshares 41.4 652.2 526.8 7 829.2 -5.0 53.6 24FR153064105Corporateequities 449.5 294.5 407.2 662.4 23FR154022005Debtsecurities 509.0 41.0 328.9 -4.9 444.8 291.3 50.3 407.8 150.7 3298.4 22FR154090005Financialassets 170.9 441.2 1172.1 343.9 -3.7 52.3 2123.7 2638.9 1157.1 162.8 21FR155111005Consumerdurablegoods(2) 446.8 1610.5 1596.9 348.1 20FR165013765Intellectualpropertyproducts(2) 1107.8 52.4 -3.5 154.6 1101.5 442.0 19FR165015205Equipment(2) 361.5 18FR155035005Realestate 52.5 -3.4 1800.9 361.2 1756.2 17FR152010085Nonfinancialassets 210.7 1507.1 -18.6 1681.7 1427.7 209.6 16FR158000005Netholdinggains -13.6 1377.0 203.3 15FU154190005-Netincreaseinliabilities -13.2 14FU154090005Netacquisitionoffinancialassets 13FU155000005Netlending(+)ornetborrowing(-) 12FU156300103Consumerdurablegoods 11FU166330005Nonprofitnonresidential 10FU156320005Residential 9FU156300005-Consumptionoffixedcapital 8FU155420003Nonproducednonfinancialassets 7FU155111003Consumerdurablegoods 6FU165013005Nonprofitnonresidential 5FU155012005Residential 4FU155050005Capitalexpenditures 3FU155061005Netphysicalinvestment 2FU155060005Netinvestment 1FC152090005Changeinnetworth(1) Billions ofdollars;notseasonallyadjusted R.101 ChangeinNetWorthofHouseholdsandNonprofitOrganizations (4) TableB.101,line40. (3) Consistsofstatisticaldiscontinuitiesanddisaster-relatedlossestofixedassets.AlsoincludesthedifferencebetweenseriesforconsumptioncapitalpublishedbyBEA. (2) Valuedatcurrentcost. (1) Sumofnetinvestment(line2),holdinggains16),andothervolumechanges31). 15. 32730. 8710. 46. 62414. 02824 3092.8 1643.8 3642.4 22 5522.4 -4669.2 1405.7 2889.7 28.7 6368.1 -7488.9 3709.8 2392.9 4392.7 344.6 -1559.2 7291.2 8509.0 -2387.3 0821 002019 2020 2019 2018 48819. 02226017233544836088018 838.0 17 366.0 848.5 454.8 492.8 343.5 420.7 197.2 332.3 296.0 167.6 2002.2 280.9 1594.2 2094.2 1438.8 1551.3 1391.4 4 665.5 647.0 2 546.8 735.2 576.0 400.5 581.6 1350.6 578.0 787.0 2435.3 797.2 2292.2 286.6 2230.6 3273.3 2132.8 1650.3 52410. 2483. 7. 10. 16356410. 27 23 1004.6 20.0 25 506.4 1008.6 0.8 545.0 1146.3 -1402.5 1250.7 130.5 473.7 -1591.0 100.1 482.4 36.3 -35.4 7.1 1254.8 80.9 1501.2 1213.3 -502.4 251.3 1504.2 -670.8 276.9 -124.0 16 6370.9 3382.4 6788.7 -7156.6 2560.5 625.5 9385.5 10060.3 -995.8 1. 3. 5. 0. 1. 1. 1. 1. 1. 10 118.0 115.4 112.7 111.8 5 110.9 208.7 109.8 190.6 3 458.0 157.5 200.1 436.3 179.3 197.5 419.4 171.1 101.9 167.7 134.8 736.1 134.8 1 668.4 7135.6 135.9 663.5 3640.4 634.4 8143.5 536.0 -6774.2 3590.9 548.8 817.5 12145.2 12701.7 648.9 1. 555. . 59-693. 634. 26 41.5 16.3 39.2 -46.9 15.9 1.9 50.1 55.5 -16.9 09-. 65-. 0705-. 22-. 19 -3.6 -2.2 -1.1 0.5 -0.7 -1.5 -6.5 -2.8 -0.9 . . 0601-. . 05-. 0230 -0.2 -0.3 -0.5 0.3 -0.2 0.1 -0.6 1.4 0.9 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 141

Balance Sheets Balance Sheets 1 F12905 e ot usadn 5 66. 57. 52. 65. 57. 74. 67. 67. 52. 31 15721.0 30 16179.5 -1107.6 16473.5 -425.2 17140.3 29 15975.1 -1036.4 -143.3 16759.0 1843.3 28 15721.0 -84.5 26 -409.6 1206.3 15975.1 947.5 16365.6 -214.2 606.0 71.3 250.7 360.6 1130.5 -725.9 754.2 -1595.1 -124.6 20 -1315.4 25.0 677.3 -1520.3 -26.8 1737.9 401.9 49.1 8.7 -81.4 -93.7 1347.7 -445.4 28.7 432.2 1675.8 152.1 -508.6 998.4 15.0 -1126.5 -8.9 31FL102090005Networthoutstanding(5) 15 -85.0 6.6 Memo: 8.1 30FV108090005Othervolumechanges(4) 77.4 11 -18.6 13 -35.5 29FR573073005Claimsofpensionfundonsponsor 42.2 3.5 14 28FR103192005ForeigndirectinvestmentinU.S. 12 -96.0 91.7 -21.0 -88.2 49.7 375.0 27FR108100005Less:liabilities -123.7 12.6 203.1 171.9 387.3 7 -112.1 26FR103092005Directinvestmentabroad 331.3 6 14.7 56.0 -1.1 -191.5 25FR103064203Mutualfundshares 717.2 -20.6 600.3 24FR103064103Corporateequities -452.7 -4.5 8 116.9 266.5 1.3 23FR104022005Debtsecurities 24.8 370.2 430.8 -548.3 -103.8 301.4 7.1 22FR108080095Financialassets 229.8 425.7 -80.2 -1.1 71.6 1483.0 1226.4 423.3 21FR105020015Inventories(2,3) -29.2 10.3 757.2 256.6 -0.8 1278.8 20FR105013765Intellectualpropertyproducts(2) 420.5 -5.3 870.5 19FR105015205Equipment(2) -35.0 1002.7 -521.5 -0.6 18FR105035005Realestate 415.9 -132.2 38.2 -54.7 411.7 -0.4 17FR102010005Nonfinancialassets -65.8 1700.3 16FR108000005Netholdinggains -1.8 1636.0 50.5 1554.0 15FU103164103Netcorporateequityissues -0.4 53.4 14FU104194005-Netincreaseinliabilitiesandequity -2.1 13FU104090005Netacquisitionoffinancialassets 12FU105000005Netlending(+)ornetborrowing(-) 11FU105020601-Inventoryvaluationadjustment 10FU106330005Nonresidential 9FU106320005Residential 8FU106300005-Consumptionoffixedcapital 7FU105420005Nonproducednonfinancialassets 6FU105020005Inventorychange+IVA 5FU105019005Fixedinvestment 4FU105050005Capitalexpenditures 3FU105061005Netphysicalinvestment 2FU105060005Netinvestment 1FC102090005Changeinnetworth(1) Billions ofdollars;notseasonallyadjusted R.103 ChangeinNetWorthofNonfinancialCorporateBusiness 142 (5) TableB.103,line39. (4) Consistsofstatisticaldiscontinuitiesanddisaster-relatedlossestofixedassets. (3) Beforeinventoryvaluationadjustment. (2) Valuedatcurrentcost. (1) Sumofnetinvestment(line2),holdinggains16),andothervolumechanges30).

Z.1, March11,2021 16. 515827-71592-01216. 5. 22222 1262.2 456.4 1165.2 -2031.2 599.2 -67.1 852.7 1571.5 -1269.5 0821 002019 2020 2019 2018 50113. 65540844849342344849110 429.1 424.8 422.3 419.3 5 414.8 524.8 4 410.8 506.4 503.0 1695.5 482.1 532.5 1632.0 517.8 400.8 1550.1 525.0 527.3 526.3 489.4 2031.2 564.1 2097.5 1963.6 2017.0 2147.7 2068.2 36513. 2642. 5. 13. 1. 2. 03027 1063.0 521.6 24 281.9 916.3 188.3 -1234.5 552.7 369.5 22.3 -462.8 181.8 1266.4 25.0 1230.4 -356.5 377.0 517.8 16 -118.9 714.6 -176.6 367.3 -791.1 -224.9 212.7 114.2 1382.2 -672.2 2 -65.5 307.8 2.2 113.1 -149.5 104.8 357.6 -457.4 -111.7 0. 9. 8. 3. 3343. 70-1. 7. 18 477.3 17 -118.0 515.4 87.0 -111.5 33.7 118.5 5.6 -323.4 333.3 -271.4 480.0 302.1 996.0 528.0 107.8 1041.1 240.7 3 107.7 127.8 -35.1 92.1 1 -458.5 78.0 -294.0 145.2 -666.8 292.5 1165.2 -783.9 516.9 388.8 568.9 -254.1 -390.6 954.1 2. 144. . 63-244. 843. 25 34.1 18.4 42.0 -52.4 16.3 0.3 42.0 51.4 -22.2 51-. 27-955. 5. . . 0221 40.2 19 -27.0 6.1 -8.4 3.1 -0.3 -52.1 9.0 58.8 2.1 -29.5 -8.3 -2.7 -26.8 -5.8 8.6 25.1 58.2 19391512-. . 05-. 1323 -1.3 -1.0 -0.5 4.2 -0.8 1.2 1.5 3.9 -1.9 ...... 9 1.7 1.0 1.0 1.1 1.1 1.0 4.8 4.1 3.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

5 F18905 te ouecags()-. . 3302020201-. 1525 -1.5 -2.1 0.1 23 0.2 -1.4 26 13141.6 19 0.2 -0.6 12783.5 1.7 12592.7 21 12390.7 20 -3.0 -0.5 0.2 12303.7 -11.5 2.9 12235.7 -5.0 13141.6 6.1 12.7 -3.3 12303.7 1.1 18 11518.3 141.0 -5.0 3.9 -1.2 1.0 0.3 -33.9 -4.4 1.3 28.9 -9.2 26.7 -1.6 -0.8 -9.1 3.5 14 11.0 4.5 -0.7 0.4 4.9 -91.8 3.3 6.0 15.2 13 -17.5 102.6 33.9 1.2 -1.2 42.4 -2.5 4.0 144.8 21.9 127.2 12 26LM112090205Networthoutstanding(5) -33.5 312.6 -32.9 3.3 11 4.3 33.9 274.6 -34.2 16.9 53.4 Memo: 96.1 8 154.5 -31.0 20.8 92.3 25FV118090005Othervolumechanges(4) 247.9 125.3 -26.7 28.7 192.5 91.0 24FR115114005investmentinU.S.) 134.6 37.9 Less:liabilities(foreigndirect 91.0 557.5 7.2 89.9 -34.3 23FR114022005Financialassets(debtsecurities) 423.7 93.7 89.3 -41.9 -40.9 22FR115020005Inventories(3) 389.4 503.5 21FR115013765Intellectualpropertyproducts(3) 88.5 -54.0 20FR115013265Nonresidentialequipment(3) 343.5 19FR115012265Residentialequipment(3) 87.9 -80.2 309.1 18FR115035035Nonresidentialrealestate 17FR115035023Residentialrealestate -80.4 362.4 349.8 16FR112010005Nonfinancialassets 336.3 15FR118000005Netholdinggains 14FU112090205Proprietor’snetinvestment(2) 13FU114190005-Netincreaseinliabilities 12FU114090005Netacquisitionoffinancialassets 11FU115000005Netlending(+)ornetborrowing(-) 10FU116330005Nonresidential 9FU116320005Residential 8FU116300005-Consumptionoffixedcapital 7FU115020005Changeininventories 6FU115019005Fixedinvestment 5FU115050005Capitalexpenditures 4FU115061005Netphysicalinvestment 3FU115060005Netinvestment 2FU115440005Netcapitaltransferspaid 1FC112090205Changeinnetworth(1) Billions ofdollars;notseasonallyadjusted R.104 ChangeinNetWorthofNonfinancialNoncorporateBusiness (5) TableB.104,line35. (4) Consistsofstatisticaldiscontinuitiesanddisaster-relatedlossestofixedassets. (3) Valuedatcurrentcost. (2) ShownontableF.104,line32. (1) Sumofnetcapitaltransferspaid(line2),investment3),holdinggains15),andothervolumechanges24). 0821 002019 2020 2019 2018 9. 1. 4. 161958. 3. 0. 2. 17 221.6 16 208.1 357.7 133.8 15 183.0 355.1 84.2 164.0 177.7 119.5 108.1 159.4 91.6 27.1 120.3 10 9 67.2 647.7 50.8 190.6 25.1 65.2 413.6 812.8 189.7 25.8 396.6 747.8 62.9 812.5 26.9 489.5 777.2 62.4 6 26.8 482.0 124.0 62.1 5 26.4 121.6 126.5 61.7 26.2 127.6 122.0 257.7 53.8 116.6 104.7 245.9 51.3 103.8 124.2 235.9 1 100.5 129.4 122.8 358.1 426.9 128.8 190.8 431.4 416.4 202.0 415.3 430.0 87.0 419.7 67.9 210.7 837.9 785.4 430.9 3. . 872. 69-354. 52453 4.5 15.2 42.4 -33.5 16.9 20.8 28.7 7.2 -38.9 348. 404. 43-792. 103. 4 34.2 31.0 26.7 -37.9 34.3 40.9 54.0 80.2 83.4 21-. 21-. 09-1835-. . 22 7.9 -1.7 3.5 -11.8 10.9 -8.3 -2.1 -1.8 -2.1 2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -3.0 . 2. . . 2. 6140461224 1.2 4.6 4.0 -6.1 -24.9 2.2 3.8 -26.1 6.3 7 2.5 0.4 -11.0 -2.4 -1.4 -0.6 -10.5 -1.5 4.4 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 143

Balance Sheets Supplements 6 F14905 opoi iblte B11n ie2)18. 69612. 88613. 94819. 01823. 36 37 2134.1 1176.2 2061.8 1115.8 33 1993.0 35 1066.1 136.2 31 16099.0 1924.8 32 1018.5 10637.0 15458.7 127.6 1833.3 2278.3 9973.6 14966.8 946.9 1808.6 125.1 2128.1 14493.4 9178.3 34 945.9 13970.3 1723.3 1978.3 17056.9 118.2 8831.6 30 25 26 13579.5 882.2 1609.6 16404.6 139183.3 666.8 1839.4 8078.1 35.6 111.5 13424.8 126906.5 1589.3 15893.7 803.9 1654.9 114336.9 7580.2 13309.2 495.9 24 15399.7 115.4 113394.9 36.5 13076.7 283.1 771.4 1536.1 29 7299.8 104606.5 14856.7 28 471.0 99412.8 106.9 147421.9 14442.2 1488.3 130365.0 35.0 6881.1 267.5 134624.4 96456.4 118219.8 495.9 14266.0 6131.5 121411.8 107.3 1410.5 105518.1 90542.7 261.4 33.1 120268.8 14114.9 37 FL163193005Less:Nonprofitmisc.liabilities(B.101.n,line27) 104869.1 1276.7 82221.6 436.7 103.1 110918.2 13894.6 36 FL164190005Nonprofitliabilities(B.101.n,line20) 96061.5 225.8 105341.5 35 FL194190005Householdliabilities(B.101.h,line20) 31.3 90899.3 447.9 34 FL154190005Less:Householdandnonprofitliabilities(B.101,line30) 102160.9 95906.0 87894.9 223.4 22 16 33 FL164041085Less:Nonprofitothernotesandloansreceivable(9) 523.9 86973.3 31.6 81791.1 10935.4 32 FL163093005Less:Nonprofitmisc.assets(B.101.n,line19) 1817.5 217.2 73078.7 31 FL162000005Nonprofittotalassets(B.101.n,line1) 10481.8 591.6 29.9 17 30 FL192000005Householdtotalassets(B.101.h,line1) 1731.3 18 13 10204.4 172.4 29 FL152000005Householdandnonprofittotalassets(B.101,line1) 451.9 29472.8 13231.9 899.8 1659.1 9928.8 28.7 27744.4 28 FL152090005Householdandnonprofitnetworth(B.101,line40) 12387.1 161.4 1626.6 9658.8 779.4 25743.1 11596.5 149.2 25.7 nonprofitorganizationsectornetworth:(8) 11 1568.1 25898.9 9492.9 11156.1 Reconciliationwithhouseholdand 938.7 758.4 24304.2 10275.1 1510.9 9387.3 Memo: 23430.8 954.9 760.4 9930.4 15 1472.1 8 9437.1 23102.8 27 FL192090005Networth 33514.8 9231.4 833.6 9537.1 815.3 1407.8 2283.1 22275.0 28699.0 6 26 FL543077073Deferredandunpaidlifeinsurancepremiums 10 8552.8 19730.2 1352.6 2093.8 849.6 22371.3 819.2 3038.3 3762.3 7506.4 25 FL193169005Otherloansandadvances 24747.0 1702.3 24 FL193168005Depositoryinstitutionloansn.e.c. 921.0 870.3 1050.9 4457.9 7 23 FL153166000Consumercredit 20846.2 4 1530.8 22 FL153165105One-to-four-familyresidentialmortgages(7) 1028.4 19212.2 3989.1 10595.1 1082.6 818.2 6181.2 21 FL194123005Loans 1472.6 19452.9 9961.4 1126.0 3310.8 1636.8 758.1 5750.1 20 FL194190005Liabilities 17287.6 1476.5 9423.6 959.6 3259.5 1523.5 13727.6 5521.7 19 FL193090005Miscellaneousassets 1498.8 8998.9 2161.6 18 LM152090205Equityinnoncorporatebusiness(6) 3300.7 1060.8 5302.1 1533.4 8851.5 2854.3 17 FL153050005Pensionentitlements(5) 964.7 5154.1 1534.8 16 FL153040005Lifeinsurancereserves 8183.7 2792.5 5007.0 983.0 15 LM193064005Corporateequitiesandmutualfundshares 3350.7 7670.5 4859.3 799.9 14 FL193065005Mortgages 7119.4 4779.6 13 FL153067005Otherloansandadvances(4) 6928.9 12 FL194023005Loans 4727.5 11 LM193063005Corporateandforeignbonds 10 LM193061005U.S.governmentandmunicipalsecurities 9LM194022005Debtsecurities 8FL193034005Moneymarketfundshares 7FL193030205Timedepositsandshort-terminvestments 6FL193020005Checkabledepositsandcurrency 5FL194090005Financialassets 4LM155111005Consumerdurablegoods(3) 3LM155035015Realestate(2) 2LM192010005Nonfinancialassets 1FL192000005Assets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.101.h BalanceSheetofHouseholds(1) 144 (9) Loans,otherthansyndicatedloans,thatarenotincludedinhouseholdandnonprofitorganizations’ otherloansandadvances(tableB.101,line20). (tableB.101.n)withthehouseholdandnonprofitorganizationsector’sB.101)incore FinancialAccounts. organizationsector(tableB.101).Therefore,someadjustmentsarenecessarytoreconcilethe combinedassetsandliabilitiesofthehouseholdsector(tableB.101.h)nonprofitorganizationsector (8) Somefinancialassetandliabilityitemsshownonthesupplementalbalancesheetofnonprofit organizations(tableB.101.n)arenotincludedonthebalancesheetofhouseholdandnonprofit (7) Includesloansmadeunderhomeequitylinesofcreditandsecuredbyjunior liens(tableL.218,line23). (6) Networthofnonfinancialnoncorporatebusiness(tableB.104,line35)andowners’equityin unincorporated securitybrokersanddealers. (5) Includespublicandprivatedefinedbenefitcontributionpensionplansannuities, includingthoseinIRAsandatlifeinsurancecompanies.Excludessocialsecurity. (4) Cashaccountsatbrokersanddealers. (3) Atreplacement(current)cost. (2) Alltypesofowner-occupiedhousingincludingfarmhousesandmobilehomes,aswellsecond homesthatarenotrented,vacantforsale,andland,atmarketvalue. (1) TableisbasedontableB.101BalanceSheetofHouseholdsandNonprofitOrganizations,with adjustmentstoremovetheassetsandliabilitiesofnonprofitorganizations,shownontableB.101.n.

Z.1, March11,2021 94. 73. 33. 53. 03. 80. 97. 1478138. 27 123084.3 111447.8 99370.1 98901.5 90636.2 21 85833.3 16063.4 20 83031.5 15422.2 16099.0 77233.4 14931.8 69144.9 15458.7 14460.3 14966.8 13939.0 14493.4 13547.9 13970.3 13394.9 13579.5 13280.5 13424.8 13051.0 13309.2 13076.7 5 100963.6 3 91227.9 80434.1 32038.5 2 81287.4 29928.4 38219.7 74504.1 28381.2 35678.6 1 71187.8 26805.4 33902.8 69909.9 24948.2 139183.3 32107.5 126906.5 65439.0 23218.1 30102.4 114336.9 58946.4 21687.1 113394.9 28225.1 20324.1 104606.5 26546.5 18547.7 99412.8 25103.7 96456.4 23275.2 90542.7 82221.6 92939. 31338. 60030. 95147. 18123 4178.1 4176.9 3995.1 3809.9 3620.0 3389.9 3311.3 3090.5 2912.9 9 4701.0 5412.8 4822.8 4160.4 4180.4 4383.3 4491.2 4316.0 5512.3 0221 0421 0621 0821 2020 2019 2018 2017 2016 2015 2014 2013 2012 7. 04914. 02113. 13014. 26913. 19 1333.2 14 1286.9 76.1 1245.1 80.9 12 1193.0 975.9 1138.8 83.5 860.3 1082.1 89.3 1042.8 841.9 92.3 1024.9 849.8 971.5 97.9 907.5 917.1 112.4 982.7 120.9 124.1 939.1 882.1

1 F14905 Ttlfnnilast fpiaefudtos68173174976280788290595616. 31 1066.3 29 32 1176.2 995.6 26 5143.8 1115.8 87.0 920.5 4734.5 1066.1 898.2 82.3 4322.8 1018.5 4108.5 840.7 77.6 946.9 3692.5 23 786.2 945.9 73.4 3442.1 202.3 784.9 882.2 3420.6 212.1 67.9 743.1 3253.6 18 803.9 215.2 277.6 63.4 2929.2 658.1 771.4 217.7 269.7 63.3 216.2 262.1 54.6 16 32 FL164090025Totalfinancialassetsof501(c)organizations 219.2 255.4 158.5 31 FL164090015Totalfinancialassetsofprivatefoundations 9 56.6 12 227.4 17 244.2 153.3 Memo: 136.1 248.6 2479.2 234.0 30 FL162090005Networth 241.0 148.6 114.0 231.4 2211.0 247.6 29 FL163193005Miscellaneousliabilities(8) 240.7 144.0 11 96.7 212.5 1934.7 127.5 28 FL163170005Tradepayables 213.2 1882.7 136.1 203.6 7 87.0 27 FL163169005Otherloansandadvances 122.5 207.6 1663.3 8 26 FL163168005Depositoryinstitutionloansn.e.c. 137.4 202.8 188.0 5 25 FL163165505Commercialmortgages 85.8 275.2 1513.8 118.0 24 FL164123005Loans 203.7 131.2 191.5 173.3 1552.6 279.7 115.4 74.6 23 FL163162003Debtsecurities(municipalsecurities) 192.5 133.2 180.3 171.3 1494.7 279.8 22 FL164190005Liabilities 107.6 124.0 69.2 1230.5 184.1 169.0 168.5 21 FL163093005Other(7) 274.1 109.0 20 FL163072003PPPsubsidiesreceivable 174.9 175.7 58.5 157.9 19 FL163090005Miscellaneousassets 253.0 110.9 165.9 55.1 146.4 18 FL163070005Grantsandtradereceivables 251.0 86.2 157.5 134.9 17 LM163064005Corporateequitiesandmutualfundshares 257.5 92.9 152.4 16 FL164041005Othernotesandloansreceivable(6) 121.8 15 FL163066223Consumercredit 257.5 111.0 14 FL163065013Mortgages 145.4 13 FL164023005Loans 254.8 134.0 12 LM163063005Corporateandforeignbonds 11 LM163061005U.S.governmentandmunicipalsecurities(5) 10 LM164022005Debtsecurities 9FL163034003Moneymarketfundshares 8FL163030205Otherdepositsandshort-terminvestments(4) 7FL163020005Cashandnon-interest-bearingdeposits 6FL164090005Financialassets 5FL165013765Intellectualpropertyproducts(3) 4FL165015205Equipment(3) 3FL165035005Realestate(2) 2FL162010005Nonfinancialassets 1FL162000005Totalassets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.101.n BalanceSheetofNonprofitOrganizations(1) (8) NotincludedontableB.101. (7) Includespledgesreceivable,receivablesfromofficersanddisqualifiedpersons,prepaidexpenses anddeferredcharges,otherinvestments,financialassets.NotincludedontableB.101. (6) Includessomeloansthatarenotincludedinhouseholdandnonprofitorganizations’holdings ofotherloansandadvances(tableB.101,line20). (5) Excludestheshort-termdebtsecuritiesincludedinline16. inoneyearorless. (4) Includesinterest-bearingcheckingandsavingsaccounts,depositsintransit,commercialpaper, certificatesofdeposit,andU.S.Treasurybillsorothergovernmentalobligationsthatmature (3) Atreplacement(current)cost. (2) Residentialandnonresidentialrealestateatmarketvalue. bystaff. organizationsorwithlessthan$25,000ingrossannualreceipts.Mostfinancialassetandliabilityinformationfromtaxdataavailablealag;recentvaluesestimated (1) Includesprivatefoundations,includingcharitabletrusts,andorganizationsthataretax-exemptunderSections501(c)(3)through501(c)(9)oftheInternalRevenueCode.Doesnotincludereligious

52257. 56557. 24860. 15371. 52930 8502.9 7911.8 7185.3 6906.7 6244.8 5771.6 5576.5 22 2134.1 5271.5 21 4542.2 2061.8 2278.3 19 1993.0 2128.1 2270.2 1924.8 1978.3 2128.1 1833.3 1839.4 1978.3 1808.6 1654.9 1839.4 1723.3 1536.1 1654.9 1609.6 1488.3 1536.1 1589.3 1410.5 1488.3 1276.7 1410.5 1276.7 6 6202.1 5730.1 3 5243.3 3763.4 2 5006.8 3594.0 4434.9 1 4533.3 3312.3 4243.5 10637.0 4228.3 3232.5 3935.0 9973.6 4205.5 2977.0 3824.8 9178.3 3996.7 2810.6 3544.8 8831.6 3587.3 2577.8 3351.9 8078.1 2392.8 3094.3 7580.2 2083.2 2884.4 7299.8 2544.2 6881.1 6131.5 0221 0421 0621 0821 2020 2019 2018 2017 2016 2015 2014 2013 2012 0. 9. 2. 4. 4. 5. 6. 7. 8. 28 381.3 373.1 25 24 287.4 365.0 374.4 278.4 355.9 360.8 269.1 349.5 346.7 259.4 341.3 332.8 252.9 322.1 320.8 238.8 295.4 302.2 228.3 301.0 291.7 221.7 13 276.2 212.8 185.0 269.3 182.1 10 376.1 181.0 353.9 180.2 330.5 178.6 319.0 4 183.1 467.7 295.5 179.9 457.0 282.4 185.8 438.6 282.2 183.1 417.5 254.6 268.6 402.0 383.8 364.1 346.1 326.9 805. 764. 133. 132. 5315 25.3 27.7 31.3 35.2 41.3 44.9 47.6 51.8 58.0 ...... 27 0.0 0.0 0.0 20 0.0 8.1 0.0 0.0 0.0 0.0 14 0.0 1.2 0.0 0.0 1.2 0.0 0.0 1.1 0.0 1.1 0.0 1.2 0.0 0.0 0.8 1.1 0.8 1.1 Z.1, March11,2021 145

Supplements Supplements 9 L33615 eea ot eieetfns()27935048734635024938530948719 408.7 20 18 162.5 17 5113.1 350.9 1639.5 143.3 4502.9 328.5 1444.8 4196.5 135.3 1374.6 264.9 3461.2 109.8 1158.2 28 FL153064486Financialassets(line3) 355.0 4417.9 27 FL153064476Totalassets(line1) 11 1485.8 144.3 Equityshares(line14)asapercentof 4094.8 324.6 8 14 68.0 1396.0 10 132.2 26 FL154022386Financialassets(line3) 39771.7 5113.1 486.0 408.7 330.3 25 FL154022376Totalassets(line1) 9 1639.5 65.4 34890.3 Debtsecurities(line5)asapercentof 4417.9 162.5 470.7 1792.7 32303.9 355.0 1485.8 323.8 3531.8 62.1 Memo: 26353.3 144.3 1740.2 450.3 1243.1 277.9 312.8 34057.6 24 FL152090005Networth 1667.4 114.8 57.3 427.5 31600.7 299.1 23 FL154190005Liabilities 1576.7 39771.7 467.2 62.7 283.5 22 FL153099475Other 34057.6 1621.7 26738.1 463.6 21 LM653064155Mutualfunds 60.6 1594.2 5 275.9 20 LM223064213Stateandlocalgovt.retirementfunds(2) 486.0 10988.3 1792.7 19 LM343064125Federalgovt.retirementfunds(2) 330.3 68.0 18 LM573064175Privatepensionfunds(2) 10720.8 1621.7 17 LM543064153Lifeinsurancecompanies 467.2 10712.2 283.5 62.7 1421.7 16 LM153064175Indirectlyheld 10511.1 432.1 281.0 11150.8 15 LM153064105Directlyheld 54.0 10873.0 14 LM153064475Equitysharesatmarketvalue 10988.3 13 FL154023005Loans 11150.8 9820.8 12 LM654022055Mutualfunds 11 LM223064223Stateandlocalgovt.retirementfunds(2) 10 LM344022025Federalgovt.retirementfunds(2) 9LM574022075Privatepensionfunds(2) 8LM544022053Lifeinsurancecompanies 7LM154022075Indirectlyheld 6LM154022005Directlyheld 5LM154022375Debtsecuritiesatmarketvalue 4FL154000025Deposits(1) 3FL154090005Financialassets 2FL152010005Nonfinancialassets 1FL152000005Assets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.101.e BalanceSheetofHouseholdsandNonprofitOrganizationswithDebtEquityHoldingsDetail 146 (2) Definedcontributionplans.Assetsheldbydefinedbenefitpensionfundsarenotconsideredassetsofthehouseholdsector.entitlementsincludedinline22. (1) Includesforeigndeposits,checkabledepositsandcurrency,timesavingsmoneymarketfundshares.

Z.1, March11,2021 0581181. 3350142. 1298114. 1591132. 335024 130365.0 123229.4 119589.1 111445.5 118219.8 114628.9 130365.0 118219.8 105518.1 1 147421.9 139989.0 136080.2 127923.1 134624.4 130870.2 147421.9 134624.4 121411.8 59. 60. 75. 64. 60. 67. 69. 65. 75. 23 17056.9 22 16759.6 36452.2 16491.2 35837.1 16477.6 35501.8 16404.6 35188.0 16241.3 34887.6 16 17056.9 34690.8 15052.6 16404.6 15 36452.2 13221.4 15893.7 24719.1 34887.6 12350.7 21668.9 33406.3 10183.5 19953.3 13189.3 16169.8 12167.3 20868.3 15052.6 19433.4 13189.3 24719.1 10438.1 20868.3 16300.0 4 16530.5 3 15937.8 2 104767.3 15616.8 98384.8 42654.6 14423.3 95168.1 41604.2 13691.4 87534.2 40912.1 13160.7 94702.3 40388.9 16530.5 91249.5 39922.1 13691.4 104767.3 39620.7 12711.0 94702.3 42654.6 83574.0 39922.1 37837.8 0821 002019 2020 2019 2018 20568. 78961. 76358. 35767. 78921 7728.9 6779.6 6315.7 5189.3 6786.3 6219.7 7728.9 12 6786.3 3234.3 5270.5 3096.5 2897.2 7 2709.2 5911.2 6 2949.1 5696.6 5077.1 2850.5 5389.7 5024.2 3234.3 5069.9 5322.5 2949.1 5384.2 5441.2 2478.7 5244.9 5766.7 5911.2 5628.1 5384.2 5077.1 4667.5 5766.7 5153.3 19 59 79 46 59 01 39 54 79 28 27 37.96 26.98 35.46 26 24.92 10.49 33.94 23.74 10.90 30.11 20.60 11.26 35.96 25.30 12.01 34.63 24.15 11.77 37.96 26.98 11.92 35.96 25.30 10.49 31.99 22.02 11.77 11.75 13 1024.7 998.7 1033.4 1058.4 914.9 924.3 1024.7 914.9 897.7 .982 .583 .882 .776 .525 7.45 7.66 7.87 8.22 8.28 8.31 7.45 8.28 8.09 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

2 F63905 iclaeu iblte 5. 3. D281255214227174N 32 ND 30 ND 29 187.4 ND 27 32.9 212.7 ND 59.8 33.9 251.4 44.6 26 59.3 235.5 31.0 ND 39.5 64.7 238.1 28.7 304.0 21 25 31.7 58.4 ND ND ND 296.7 35.1 44.7 57.5 235.5 233.4 95.0 348.6 ND 41.0 256.7 ND 306.7 336.3 83.8 28.7 ND 289.0 265.1 58.4 99.9 32.3 ND 351.3 44.7 50.4 85.2 330.0 306.7 39.9 34 FL623098003Derivatives(2) 98.6 33 FL622000003Totalnetassets 13 ND 261.1 ND 11 Memo: ND ND 351.3 8 7 32 FL623193005Miscellaneousliabilities 514.3 ND 85.2 301.0 ND 31 FL623168023Unsecuredborrowing 14.1 500.9 6 30 FL623169513Fromforeigninstitutions 69.3 99.3 83.4 14.5 29 FL623168013Fromdomesticinstitutions 472.4 ND 28 FL624123015Othersecuredborowing 93.3 91.4 469.1 16.9 27 FL623169533Fromforeigninstitutions 2 84.9 26 FL623167003Fromdomesticinstitutions 93.1 459.3 ND 25 FL624123035Securedborrowingviaprimebrokerage 96.3 13.5 93.7 24 FL624123005Loans ND 87.4 86.1 87.9 16.2 23 FL622151063Foreigninstitutions 104.7 22 FL622151013Domesticinstitutions 469.1 98.9 80.5 87.2 ND 21 FL622151005Securityrepurchaseagreements 104.3 474.0 ND 20 FL624190005Liabilities ND 87.5 98.5 13.5 19 FL623093005Miscellaneousassets 87.4 92.2 86.1 ND 14.1 18 LM623064203Mutualfundshares 17 LM623064103Corporateequities 92.6 91.3 80.2 104.3 16 FL623069003Otherloans 15 FL623069503Leveragedloans ND 87.6 14 FL623069005Loans 13 LM623063003Corporateandforeignbonds 92.2 12 LM623062003Municipalsecurities 11 LM623061703Agency-andGSE-backedsecurities 10 LM623061103Treasurysecurities 81.6 9LM624022005Debtsecurities 8FL622051003Securityrepurchaseagreements 7FL623034003Moneymarketfundshares 6FL623039013Othercashandequivalents 5FL623039003Deposits 4FL623091003Foreigncurrency 3FL624090005Financialassets 2FL625035003Nonfinancialassets(realestate) 1FL622000623Assets Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted B.101.f BalanceSheetofDomesticHedgeFunds(1) (2) Longexposureofderivatives. (1) Databegin2012:Q4.IncludesonlyhedgefundsdomiciledintheUnitedStatesasreportedonSECformsADVandPF. 0821 002019 2020 2019 2018 29714. D18. 22117. 06213. D34 33 ND ND 1130.0 1698.6 1006.2 1636.8 1070.7 1499.4 1242.1 1658.8 1186.0 1624.5 ND ND 1242.1 1658.8 1229.7 1547.3 3 ND 1 2341.8 ND 2283.7 2135.3 2429.7 2336.6 2370.9 2301.8 2222.8 ND 2428.7 2393.1 2336.6 ND 2182.2 2428.7 2263.8 9. 4. D419492321476486N 24 ND 448.6 20 437.6 ND 19 372.1 ND 731.0 17 449.2 203.4 ND 734.2 431.9 216.8 723.3 14 911.7 ND ND 224.3 770.0 850.4 449.2 201.2 148.0 768.6 705.0 10 9 390.4 ND 219.8 140.1 ND 929.3 ND ND 123.9 196.3 847.9 770.0 738.1 126.3 189.5 201.2 ND 716.5 719.3 126.5 212.5 233.7 929.3 715.8 ND 234.8 767.8 730.5 257.8 126.3 745.6 ND 116.5 ND 234.8 730.5 213.0 715.6 278. D9. 729. 329. D28 ND 92.7 93.2 23 22 ND 95.7 ND 42.1 87.2 52.9 35.8 92.7 18 48.0 ND 34.1 ND 65.8 16 16.3 ND 15 28.8 87.2 56.4 ND 17.9 36.8 47.1 82.7 12 61.8 100.8 8.1 ND ND 47.6 ND 92.6 13.3 11.0 38.9 28.8 85.0 56.4 14.4 24.8 40.9 17.3 85.3 52.0 5 4 14.0 ND 44.4 ND 82.1 ND 13.2 11.0 ND 36.2 ND 20.6 12.2 27.2 40.9 38.1 85.3 22.7 ND 44.1 44.3 72.4 19.9 13.2 39.3 21.2 14.5 38.1 21.2 ND ND 39.3 21.2 40.4 20.5 . 07N . 071. . . D31 ND 7.4 8.2 11.2 10.7 9.2 ND 10.7 6.7 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 147

Supplements Supplements 2 F15103 ET eieta tutrs()357113808059-. . 3032 -3.0 2.7 -0.7 30 33 35.6 26 1629.0 5.9 0.9 34.7 1631.2 8.0 1375.6 33.7 0.9 23 1392.5 22.3 8.0 20 35.7 1446.1 0.8 0.2 19 25 21.8 1444.9 1.3 6.4 35.7 0.4 22 0.9 0.2 1507.1 21.0 29.0 35.7 7.1 6.2 17 0.4 1427.7 0.9 21.8 28.3 0.2 55.6 18 1377.0 34.9 3.5 6.0 0.4 42.0 21.7 27.4 0.9 53.9 0.2 35.4 6.4 40.7 0.4 21.6 28.5 29.0 0.9 15 0.2 33.2 16.3 289.5 14 6.4 21.7 28.3 0.4 52.3 0.9 455.5 0.2 279.9 38.8 21.5 28.2 6.4 60.1 448.4 0.4 34 FA145020005Inventories(6) 0.9 241.2 0.2 33 FA155111003Consumerdurablegoods(5) 46.5 12 8 19.8 28.3 449.6 32 FA125012063REITsresidentialstructures(3) 59.4 6.3 279.8 0.4 445.0 47.1 0.2 45.8 Memo: 453.6 28.0 47.7 290.4 424.2 10 6.4 0.4 47.1 31 FA735013005Holdingcompanies 11 438.5 1053.1 34.4 0.2 30 FA665013005Securitybrokersanddealers 26.2 289.8 417.0 6 58.6 2083.4 29 FA125013005REITs(3) 7 976.7 9 5.6 47.1 433.2 0.4 28 FA615013005Financecompanies 721.2 45.0 2008.3 272.6 439.4 27 FA675013025ABSissuers 55.3 82.9 4677.0 831.1 451.8 26 FA405013005Government-sponsoredenterprises 1937.7 47.1 703.9 288.0 436.2 41.3 4483.5 81.3 926.3 25 FA225013005Stateandlocalgovernmentemployeeretirementfunds 2082.5 431.0 4 672.0 4213.2 47.1 24 FA575013005Privatepensionfunds 272.6 434.6 2108.5 23 FA545013005Lifeinsurancecompanies 894.1 1305.1 407.9 85.2 4516.1 687.6 22 FA515013005Property-casualtyinsurancecompanies 431.4 47.1 2113.5 1276.6 880.6 4502.0 21 FA475013005Creditunions 681.8 90.6 2028.0 431.4 1 20 FA745013005BanksinU.S.-affiliatedareas 1239.0 47.1 4476.3 946.8 19 FA755013005ForeignbankingofficesinU.S. 2104.6 675.7 4677.0 91.7 18 FA765013005U.S.-chartereddepositoryinstitutions 415.3 1267.3 4472.5 17 FA705013005Privatedepositoryinstitutions 878.0 47.1 2020.4 4483.5 696.2 1254.5 4454.9 91.1 16 FA715013005Monetaryauthority 4213.2 866.8 1244.1 46.7 669.1 4279.0 15 FA795013005Domesticfinancialsectors(4) 4516.1 85.0 1272.0 617.6 14 FA215019001Stateandlocalgovernments 4502.0 1231.5 13 FA315019001Federalgovernment 90.7 4476.3 1145.4 12 FA115019085Nonfinancialnoncorporatebusiness 87.8 4472.5 11 FA105019085Nonfinancialcorporatebusiness(3) 10 FA155019005Householdsandnonprofitorganizations 4454.9 9FA885019005Grossfixedinvestment(bysector) 4279.0 8FA105013893Miscellaneousadjustments(2) 7FA835013051Entertainment,literary,andartisticoriginals 6FA885013045Researchanddevelopment 5FA885013035Software 4FA885013075IntellectualPropertyProducts 3FA885019025Equipment 2FA885019065Structures 1FA885019005Grossfixedinvestment(bytype) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.4.g GrossFixedInvestment(1) 148 (6) Inventoriesarenotincludedabovebutpartofnonfinancialbusinessgrossinvestment(table F.4,lines25and26). sectorfixedinvestment(tableF.101,line14). (5) Consumerdurablegoodsarenotincludedabove,consistentwiththeirtreatmentintheNIPAs. InFinancialAccounts,however,consumerdurablesareincludedinhousehold (4) Domesticfinancialsubsectordetail,includingREITs,arebasedonFRBstaffestimates. FinancialAccounts,equityREITinvestmentinresidentialstructuresisincludedwiththefinancial businesssector. (3) EquityREITgrossinvestmentinresidentialstructuresisincludedwiththenonfinancialcorporatebusinesssector,consistenttheirtreatmentNIPAs.In BEAFAAwebpagehttps://apps.bea.gov/iTable/index_FA.cfm. stocksoffixedassetsforbalancesheets.Fortheminordefinitionaldifferencesbetweentwoestimatesgrossinvestment,see (2) CalculatedasthedifferencebetweengrossfixedinvestmentinBEA’sNIPAandassetsaccounts(FAA);latterareusedtoestimate isfromBEA,NIPAtable5.6.5.Governmentgrossfixedinvestment3.9.5. (1) PrivategrossfixedinvestmentisfromBEA,NIPAtable5.2.5.Structures5.4.5.Equipment5.5.5.IntellectualPropertyProducts

Z.1, March11,2021 0821 002019 2020 2019 2018 33017. 31916. 35311. 10513. 4773 2 1407.7 1917.0 1338.1 1821.7 1190.5 1736.6 1311.5 1890.1 1365.3 1835.1 1365.5 1819.6 1311.9 1841.3 1371.0 1805.3 1333.0 1753.8 9. 2. 4. 2. 3. 3. 3. 4. 5. 13 350.5 346.1 336.7 334.6 334.3 5 324.7 501.1 342.0 491.4 321.9 481.8 295.9 489.1 481.0 477.3 490.8 471.6 440.0 774. 7. 1334-21-9. 084. 34 46.1 -0.8 31 40.7 -298.4 29 28 12.2 -52.1 39.7 91.7 3.4 12.0 38.2 87.3 12.0 41.3 39.8 77.7 13.3 -76.3 39.7 86.0 13.5 49.1 39.6 89.0 13.6 57.7 39.6 89.3 12.4 39.2 85.7 13.5 37.5 89.6 13.3 85.0 ...... 27 0.0 24 0.0 0.3 0.0 21 0.3 7.0 0.0 0.3 6.8 0.0 16 0.3 0.7 6.5 0.0 0.3 0.7 7.0 0.0 0.3 0.7 7.0 0.0 0.3 0.7 7.0 0.0 0.3 0.7 6.8 0.3 0.7 7.0 0.7 8.2 0.7 0.6 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

9 F66305 euiyboesaddaes2. 552. 582. 632. 672. 29 27.2 31 25 1213.3 0.8 26.7 1164.2 26.5 0.8 22 1160.2 20.3 19 1150.5 26.3 0.8 0.2 18 1178.1 24 20.0 5.3 26.0 0.4 21 1165.2 0.8 0.2 19.8 26.8 1172.1 25.8 5.2 16 0.4 0.8 1157.1 19.7 0.2 26.4 50.6 17 26.7 5.2 1107.8 0.4 39.3 19.4 26.2 0.8 49.7 0.2 25.5 5.2 38.5 0.4 19.2 26.0 49.1 0.8 14 0.2 23.8 13 38.0 261.5 5.1 19.9 25.6 0.4 48.6 307.4 0.8 0.2 257.3 37.6 19.1 25.4 5.1 47.8 304.9 0.4 0.8 254.9 0.2 37.0 11 18.0 26.4 300.6 31 FA156300103Consumerdurablegoods(3) 47.0 5.2 0.4 252.8 369.1 0.2 36.2 Memo: 299.7 9 25.2 49.5 249.5 363.9 6 5.0 0.4 10 30 FA736330005Holdingcompanies 648.3 297.3 7 38.4 0.1 29 FA666330005Securitybrokersanddealers 592.6 23.9 247.0 359.5 46.4 1724.1 28 FA126330005REITs(1) 84.9 633.8 4.3 295.6 0.4 27 FA616330005Financecompanies 1706.5 35.8 584.6 256.7 357.1 26 FA676330023ABSissuers 42.3 8 619.2 83.8 303.1 25 FA406330005Government-sponsoredenterprises 1696.6 4 578.7 244.6 353.8 31.7 3620.5 614.1 24 FA226330005Stateandlocalgovernmentemployeeretirementfunds 1684.8 1113.8 293.5 82.9 574.2 23 FA576330005Privatepensionfunds 231.5 351.5 3572.3 1666.6 1098.8 22 FA546330005Lifeinsurancecompanies 608.9 280.3 21 FA516330005Property-casualtyinsurancecompanies 3534.4 568.7 82.3 362.4 1650.4 1087.5 603.0 20 FA476330005Creditunions 3509.0 563.8 1703.0 1079.2 349.8 1 81.4 19 FA746330005BanksinU.S.-affiliatedareas 628.8 3474.4 18 FA756330005ForeignbankingofficesinU.S. 1639.2 1068.7 3620.5 582.5 17 FA766330005U.S.-chartereddepositoryinstitutions 336.3 80.7 3443.3 16 FA706330005Privatedepositoryinstitutions 599.0 1557.1 1058.7 3572.3 560.6 3559.0 15 FA716330005Monetaryauthority 1094.8 574.0 83.5 3534.4 529.1 3420.9 14 FA796300081Domesticfinancialsectors(2) 1052.0 3509.0 80.1 3265.0 13 FA216300001Stateandlocalgovernments 985.7 3474.4 12 FA316300001Federalgovernment 77.3 3443.3 11 FA116300001Nonfinancialnoncorporatebusiness 10 FA106300003Nonfinancialcorporatebusiness(1) 3559.0 9FA156300003Householdsandnonprofitorganizations 3420.9 8FA886300095Consumptionoffixedcapital(bysector) 3265.0 7FA836330053Entertainment,literary,andartisticoriginals 6FA886330045Researchanddevelopment 5FA886330035Software 4FA886330075IntellectualPropertyProducts 3FA886300025Equipment 2FA886300065Structures 1FA886300095Consumptionoffixedcapital(bytype) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.4.c ConsumptionofFixedCapital sectorcapitalexpenditures. (3) Consumerdurablegoodsarenotincludedabove,consistentwiththeirtreatmentintheNIPAs.InFinancialAccounts,consumerdurableshousehold (2) Domesticfinancialsubsectordetail,includingREITs,arebasedonFRBstaffestimates. FinancialAccounts,equityREITresidentialstructureconsumptionoffixedcapitalisincludedwiththefinancialbusinesssector. (1) EquityREITresidentialstructureconsumptionoffixedcapitalisincludedwiththenonfinancialcorporatebusinesssector,consistenttheirtreatmentinNIPAs.In 0821 002019 2020 2019 2018 00513. 19514. 11116. 11318. 2013 2 1200.1 1306.5 1183.8 1289.7 1171.3 1275.4 1162.7 1266.9 1151.1 1254.5 1140.9 1243.6 1179.5 1284.6 1133.6 1235.2 1090.5 1188.9 8. 9. 0. 9. 9. 0. 0. 0. 1. 12 310.1 305.9 303.6 300.5 5 298.3 436.3 295.8 430.4 305.0 425.9 294.8 422.8 285.8 418.6 414.3 428.9 411.3 379.3 833. 154. 044. 134. 2330 42.3 27 41.6 84.1 41.3 82.8 40.9 82.1 40.4 81.5 40.1 80.4 41.5 79.8 39.7 82.6 38.3 79.1 76.0 ...... 28 7.8 26 0.0 7.7 23 0.0 0.3 7.6 0.0 20 0.3 7.6 5.8 0.0 0.3 7.5 5.7 0.0 15 0.3 7.4 0.8 5.7 0.0 0.3 7.7 0.8 5.6 0.0 0.3 7.3 0.8 5.6 0.0 0.3 6.8 0.8 5.5 0.0 0.3 0.8 5.7 0.3 0.8 5.5 0.8 6.2 0.8 0.8 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 149

Supplements Supplements 2 F15165 ET eieta tutrs()0339-. . . . 41-. 3932 -3.9 30 -0.9 33 8.4 415.6 -4.1 467.0 8.0 26 3.1 215.4 0.1 7.2 241.9 5.0 0.0 9.4 268.1 22 20 4.5 0.0 279.7 2.2 0.0 9.8 19 1.1 -1.5 25 335.0 0.1 1.9 0.0 10.0 -0.0 17 18 270.6 3.9 1.0 5.0 2.7 0.1 8.2 1.2 -0.0 0.0 269.2 0.3 0.8 4.2 2.1 15 0.1 -0.0 9.9 2.5 0.0 28.0 1.2 -20.1 -21.7 0.0 0.1 9.4 2.7 0.0 22.6 14 3.8 1.3 1.2 0.0 0.1 148.1 2.8 0.0 12 -13.7 75.9 12.3 1.4 9.5 143.5 0.0 26.9 0.1 1.9 0.0 33 FA155111005Consumerdurablegoods(4) 8 60.3 149.0 12.5 32 FA125012665REITsresidentialstructures(2) 11 1.0 9.5 41.0 47.1 -0.0 2.8 359.3 0.0 Memo: 153.8 57.4 -1.8 10 1.4 42.8 -3.9 47.1 301.8 31 FA735013865Holdingcompanies 0.0 404.8 9 141.3 6 2.3 7 0.0 30 FA665013865Securitybrokersanddealers 82.3 12.2 29 FA125013865REITs(2) 1056.5 15.9 241.1 128.6 343.0 9.3 1.4 47.1 137.5 -2.1 28 FA615013865Financecompanies -0.0 82.3 4 27 FA675013263ABSissuers 911.2 13.0 397.8 119.3 211.9 148.6 43.4 26 FA405013865Government-sponsoredenterprises 47.1 -2.4 9.6 191.3 678.8 83.1 441.9 93.3 312.3 25 FA225013865Stateandlocalgovernmentemployeeretirementfunds 137.5 41.1 177.9 47.1 24 FA575013865Privatepensionfunds 2.3 1007.1 23 FA545013865Lifeinsurancecompanies 463.1 69.0 285.1 127.6 113.4 22 FA515013865Property-casualtyinsurancecompanies 151.5 1027.6 1 47.1 325.0 8.3 277.6 113.0 81.7 21 FA475013865Creditunions 1033.0 1056.5 188.1 20 FA745013865BanksinU.S.-affiliatedareas 47.1 465.4 318.0 19 FA755013865ForeignbankingofficesinU.S. 111.9 913.4 911.2 10.3 79.0 185.7 18 FA765013865U.S.-chartereddepositoryinstitutions 463.3 17 FA705013865Privatedepositoryinstitutions 279.0 47.1 113.7 1034.0 678.8 185.4 10.5 16 FA715013865Monetaryauthority 1014.0 292.8 108.6 46.7 1007.1 177.2 1.5 15 FA795015085Domesticfinancialsectors(3) 1027.6 88.5 179.5 14 FA215015005Stateandlocalgovernments 1033.0 13 FA315015005Federalgovernment 10.6 159.7 913.4 12 FA115015005Nonfinancialnoncorporatebusiness 10.5 11 FA105015085Nonfinancialcorporatebusiness(2) 1034.0 10 FA155015005Householdsandnonprofitorganizations 1014.0 9FA885015005Netfixedinvestment(bysector) 8FA105013893Miscellaneousadjustments(1) 7FA835013565Entertainment,literary,andartisticoriginals 6FA885013465Researchanddevelopment 5FA885013365Software 4FA885013765IntellectualPropertyProducts 3FA885019265Equipment 2FA885019665Structures 1FA885015005Netfixedinvestment(bytype) Billions ofdollars;quarterlyfiguresareseasonallyadjustedannualrates F.4.f NetFixedInvestment 150 capitalexpenditures. (4) Consumerdurablegoodsarenotincludedabove,consistentwiththeirtreatmentintheNIPAs.InFinancialAccounts,consumerdurableshouseholdsector (3) Domesticfinancialsubsectordetail,includingREITs,arebasedonFRBstaffestimates. FinancialAccounts,equityREITinvestmentinresidentialstructuresisincludedwiththefinancialbusinesssector. (2) EquityREITnetinvestmentinresidentialstructuresisincludedwiththenonfinancialcorporatebusinesssector,consistenttheirtreatmentNIPAs.In (1) Includedinnonfinancialcorporatebusinesssectorgrossfixedinvestment,line11.

Z.1, March11,2021 0821 002019 2020 2019 2018 4. 3. 3. 2. 1. 4. 911432763 2 207.6 610.6 154.3 532.0 19.1 461.2 148.8 623.1 214.1 580.6 224.6 576.0 132.5 556.7 237.4 570.0 242.5 564.9 022. 692. 593. 314. 0513 40.5 40.1 33.1 34.0 5 35.9 64.7 28.9 61.0 36.9 55.9 27.0 66.4 10.2 62.4 63.1 62.0 60.3 60.7 08-. 19-. 07-. 31-. 1631 -1.6 -2.0 -3.1 24 -0.0 -1.1 -0.0 -0.7 -0.0 -0.5 -0.0 16 -1.9 -0.1 -0.0 -0.5 -0.2 -0.0 -0.8 -0.2 -0.0 -0.1 -0.0 -0.1 -0.0 -0.1 -0.1 -0.1 -0.2 ...... 29 4.4 28 27 7.6 0.0 4.4 4.5 0.0 23 4.4 2.0 -4.4 0.0 21 5.8 1.2 1.8 4.5 0.0 6.0 1.1 1.2 8.6 0.0 6.2 0.9 2.2 9.6 0.0 4.7 1.3 2.3 3.1 0.0 6.1 1.5 2.4 10.6 0.0 6.5 1.5 1.8 9.0 0.0 1.1 2.4 1.5 1.8 2.0 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 2020

1 F15165 ET eieta tutrs()20923923422423925426325223431 203.4 32 25 6181.2 205.2 29 5.0 6064.0 219.3 206.3 5818.2 5.0 217.2 205.4 5798.2 19 215.1 203.9 5750.1 5.0 1.7 22 24 5710.9 213.6 202.4 136.9 6.5 5.0 1.7 6181.2 210.7 203.4 18 136.2 6.5 5750.1 55.8 5.0 21 208.3 1.7 203.9 135.6 5521.7 164.8 55.5 6.5 219.3 200.9 135.4 16 5.1 1.7 164.2 477.9 210.7 17 55.2 134.5 6.5 163.8 5.0 359.6 1.7 475.7 197.4 133.9 55.1 163.7 357.9 6.5 473.3 5.0 136.9 1.7 14 54.7 162.8 356.0 472.3 6.3 2124.2 134.5 33 FL145020005Inventories(4) 5.3 1.7 162.1 53.4 355.3 32 FL155111005Consumerdurablegoods(3) 468.3 2118.0 31 FL125012665REITsresidentialstructures(1) 129.5 6.5 164.8 13 352.3 2110.9 55.8 464.8 1.7 Memo: 12398.4 11 2110.3 162.8 347.0 6.5 477.9 12323.9 30 FL735013865Holdingcompanies 54.7 7636.3 1.7 2096.7 29 FL665013865Securitybrokersanddealers 157.2 12153.5 359.6 28 FL125013865REITs(1) 468.3 7569.6 5.5 2084.3 48.8 12175.7 6 27 FL615013865Financecompanies 10 7 352.3 26 FL675013263ABSissuers 7482.0 12078.0 447.5 2124.2 3575.5 25 FL405013865Government-sponsoredenterprises 18831.3 4 9 550.7 12013.6 7489.1 325.9 18746.0 2096.7 3511.7 24 FL225013865Stateandlocalgovernmentemployeeretirementfunds 12398.4 5042.2 22720.8 7456.0 18659.1 23 FL575013865Privatepensionfunds 548.8 2018.0 3458.6 12078.0 22300.0 22 FL545013865Lifeinsurancecompanies 4958.4 18609.7 7414.0 21 FL515013865Property-casualtyinsurancecompanies 11606.1 3401.9 21790.7 558.5 18458.3 4902.5 7636.3 21700.2 20 FL475013865Creditunions 3356.3 18348.8 550.5 4823.4 19 FL745013865BanksinU.S.-affiliatedareas 21503.1 7456.0 18831.3 18 FL755013865ForeignbankingofficesinU.S. 3331.0 21313.4 4760.7 545.8 17 FL765013865U.S.-chartereddepositoryinstitutions 18458.3 7245.9 16 FL705013865Privatedepositoryinstitutions 3575.5 22720.8 17776.3 4726.0 542.3 21503.1 3356.3 15 FL715013865Monetaryauthority 5042.2 20734.1 550.7 3178.9 14 FL795013865Domesticfinancialsectors(2) 4760.7 545.8 13 FL215015005Stateandlocalgovernments 4510.3 12 FL315015005Federalgovernment 527.7 11 FL115015005Nonfinancialnoncorporatebusiness 10 FL105015085Nonfinancialcorporatebusiness(1) 9FL155015015Householdsandnonprofitorganizations 8FL885019865Netstocks(bysector) 7FL835013565Entertainment,literary,andartisticoriginals 6FL885013465Researchanddevelopment 5FL885013365Software 4FL885013765IntellectualPropertyProducts 3FL885019265Equipment 2FL885019665Structures 1FL885019865Netstocks(bytype) Billions ofdollars;amountsoutstandingendperiod,notseasonallyadjusted L.4.s NetStocksofFixedAssets,currentcost (4) Notincludedabove. (tableB.101,line8). (3) Consumerdurablegoodsarenotincludedabove,consistentwiththeirtreatmentintheNIPAs.InFinancialAccounts,consumerdurableshouseholdsectorfixedinvestment (2) Domesticfinancialsubsectordetail,includingREITs,arebasedonFRBstaffestimates. residentialstructuresareincludedwiththefinancialbusinesssector. (1) EquityREITresidentialstructuresareincludedwiththenonfinancialcorporatebusinesssector,consistenttheirtreatmentinNIPAs.InFinancialAccounts,equity 20. 59. 71. 46. 59. 50. 53. 62. 71. 8 67418.4 66727.1 65835.7 65709.3 2 65196.4 53865.5 1 64761.2 53288.3 67418.4 67418.4 52486.9 65196.4 66727.1 52455.3 62902.5 65835.7 52063.1 65709.3 51723.3 65196.4 53865.5 64761.2 52063.1 67418.4 50282.3 65196.4 62902.5 0821 002019 2020 2019 2018 82327. 87124. 89120. 71026. 87133 2827.1 2761.7 2711.0 2808.3 2879.1 2841.3 2827.1 2879.1 2832.3 12 3707.5 3669.6 3639.5 3624.4 3604.2 3587.1 3 3707.5 8510.8 3604.2 8480.5 3522.1 8446.3 8430.6 8372.6 8311.9 8510.8 8372.6 8109.8 9. 0. 0. 0. 0. 0. 0. 0. 0. 30 405.7 28 27 187.8 406.1 507.2 186.7 406.4 507.2 185.4 407.9 506.7 184.7 407.2 507.9 182.7 406.8 505.8 180.3 405.7 503.3 187.8 407.2 507.2 182.7 398.6 505.8 170.8 492.2 5 915.9 897.8 885.4 871.0 858.6 852.7 915.9 858.6 803.7 125. 096. 976. 036. 0920 60.9 60.6 15 60.3 10.6 60.2 10.6 59.7 10.6 62.8 10.7 60.9 10.7 59.7 10.7 71.2 10.6 10.7 10.6 ...... 26 0.0 23 0.0 2.5 0.0 2.5 0.0 2.5 0.0 2.5 0.0 2.5 0.0 2.7 0.0 2.5 0.0 2.5 3.3 3Q 1Q 3Q4 Q3 Q2 Q1 Q4 Q3 Z.1, March11,2021 2020 151

Supplements Integrated Accounts 6 F07006 ttsia iceac sapretg fGP-.8-.4-.4-.0-.9-.7-.800 46 43 0.06 12.8 -0.28 -58.0 -0.67 -131.4 -0.49 -92.2 -1.30 44 -237.3 21433.2 38 -1.64 -286.6 20611.9 1026.9 19543.0 37 -156.9 -0.94 18745.1 993.6 868.1 40 18238.3 -239.8 39 -1.48 36 17527.3 949.7 17539.7 853.8 18107.1 16784.9 31 16884.6 4520.8 17546.5 16197.0 954.5 16083.1 20.3 825.2 4306.2 16725.6 15430.8 15955.7 915.5 4126.5 14905.1 829.8 15667.1 19.3 14388.2 3977.1 15140.9 840.9 13849.2 801.9 14390.9 3860.3 13522.8 17.3 13988.1 763.1 746.6 3671.7 34 30 24 745.9 46 FA087005086StatisticaldiscrepancyasapercentageofGDP 15.8 2501.6 3509.1 147.5 668.6 20.3 45 FA086902203AverageofGDPandGDI 33 2368.2 3291.1 44 FA086902005Equals:GDP(NIPA,expenditureapproach) 145.4 17.9 646.6 2517.4 19.3 2358.0 27 43 FA087005005Plusstatisticaldiscrepancy(NIPA) 2382.6 102.4 42 FA896902505Grossvalueadded(line1) 2334.0 3307.1 22.9 17.3 Addendum: 2370.8 25 2336.2 3900.7 78.5 29 2347.2 21.9 7956.0 32 2191.6 3387.6 1868.6 41 FA896006001Equals:Netsaving 15.8 2347.5 85.6 8272.7 18269.1 2039.0 3191.4 1791.2 22.7 17689.6 2201.1 40 FA896901001Less:Finalconsumptionexpenditures 7384.1 17.9 1844.1 3204.2 1707.4 16853.9 94.6 20 23 2046.8 6902.1 16082.7 3116.0 1617.7 39 FA896012005Equals:Disposableincome,net 3772.1 22.9 187.9 15784.6 1851.6 6794.7 87.8 2949.4 1613.6 15239.9 4816.8 22 6591.0 -258.1 38 FA896403005Less:Othercurrenttransfers(paid) 14491.3 2737.5 1628.3 21.9 3604.2 15 14093.1 1868.6 91.8 37 FA896403105Plus:Othercurrenttransfers(received) 6333.7 382.9 1563.9 3377.1 36 FA896404005Less:Socialcontributions(paid) 2123.1 1791.2 6297.3 22.7 1502.7 35 FA896404105Plus:Socialbenefits(received) 312.7 3367.0 2055.9 1707.4 16 34 FA896220005Less:Currenttaxesonincome,wealth,etc.(paid) 3277.6 1951.1 1617.7 318.0 1491.4 33 FA896220001Plus:Currenttaxesonincome,wealth,etc.(received) 3087.8 1874.7 32 FA896140001Netnationalincome/Balanceofprimaryincomes,net 1613.6 13 1444.8 337.9 2917.4 1839.9 11432.4 1628.3 1364.0 31 FA896112001Rentsonlandandnaturalresources 10950.1 348.2 1773.9 1563.9 10 1311.8 30 FA893192201Reinvestedearningsonforeigndirectinvestment 10422.5 1721.0 317.2 1502.7 900.2 9963.9 29 FA896122001Withdrawalsfromincomeofquasi-corporations 1275.2 9 28 FA896121001Dividends 1639.2 9699.4 1240.8 6 858.2 27 FA896120005Distributedincomeofcorporations 9249.1 1169.8 1188.7 26 FA896130001Interest 2123.1 740.4 1142.9 8834.2 1136.1 25 FA896150005Less:Usesofpropertyincome(paid) 2055.9 24 FA896112101Rentsonlandandnaturalresources 661.5 8566.7 7 1032.7 4 1951.1 23 FA893092201ReinvestedearningsonU.S.directinvestmentabroad 893.5 640.4 1417.5 1874.7 11444.5 22 FA156122101Withdrawalsfromincomeofquasi-corporations 2 10960.6 21 FA896121101Dividends 1381.5 860.8 1839.9 612.5 11 10433.1 20 FA896120105Distributedincomeofcorporations 3420.9 1304.1 1773.9 9974.8 18269.1 853.5 19 FA896130101Interest 592.7 3265.0 1250.0 17689.6 1721.0 9709.5 18 FA896150105Propertyincome(received) 823.4 16853.9 3112.9 567.4 1218.0 17 FA366402015Subsidiespaid 1639.2 9259.7 16082.7 2986.6 16 FA896240001Taxesonproductionandimports,receivable 1182.7 799.7 15784.6 8843.6 15 FA156401101Employers’socialcontributions 2911.4 15239.9 1128.9 8575.4 14 FA156020101Wagesandsalaries 14491.3 2815.0 1078.1 14093.1 13 FA156025105Compensationofemployees(received) 2681.2 12 FA896402101Operatingsurplus,net 11 FA896140001Equals:Netnationalincome/Balanceofprimaryincomes,net 2576.0 10 FA266904101Less:Incomepaymentstotherestofworld 9FA266904001Plus:Incomereceiptsfromtherestofworld 8FA896402101Operatingsurplus,net 7FA896240101Taxesonproductionandimportslesssubsidies 6FA896401001Employers’socialcontributions 5FA896020001Wagesandsalaries 4FA896025001Compensationofemployees(paid) 3FA896902601Equals:Netvalueadded 2FA886300091Less:Consumptionoffixedcapital (incomeapproach) 1FA896902505Grossvalueadded Billions ofdollars S.1.a TotalEconomy-CurrentAccount 152

Z.1, March11,2021 61. 66. 77. 85. 89. 90. 04. 12. 45 21426.8 20640.9 19608.7 42 18791.2 21420.4 18357.0 20669.9 17670.6 19674.4 16863.3 18837.3 16316.9 18475.6 17813.9 16941.8 16436.8 3 17999.5 17404.8 16561.6 15850.7 1 15564.2 14998.9 21420.4 14260.6 20669.9 13860.8 19674.4 18837.3 18475.6 17813.9 16941.8 16436.8 27739. 67434. 91740. 28540. 35 4502.0 4288.5 4109.9 3961.7 3845.2 3657.4 28 3495.4 1438.4 26 3277.7 2109.6 4481.2 1680.2 4207.3 1573.6 3876.9 1590.6 21 3616.5 1487.7 1903.5 3487.1 1385.5 19 3025.6 3357.4 18 1234.9 4257.4 1896.9 3274.6 8237.7 3990.0 1759.3 3445.2 8567.8 3682.5 1753.4 7687.0 14 3439.6 1649.3 7145.2 9309.3 3322.4 1523.9 12 7025.2 8894.2 3204.2 1414.8 5137.4 6842.6 8471.5 3115.9 5062.8 6573.8 8089.1 3280.8 4824.4 6538.2 7859.5 4625.8 8 7475.2 4636.7 7113.2 5137.4 4556.5 6927.5 5062.8 5 4288.0 4824.4 9321.4 4207.4 4625.8 8904.7 4636.7 8482.0 4556.5 8100.1 4288.0 7869.6 4207.4 7485.8 7122.6 6936.1 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 6. 4. 5. 6. 2. 4. 6. 6. 41 567.5 661.9 642.5 524.9 762.0 752.8 541.7 465.3 5. 5. 5. 5. 6. 5. 6. 7. 17 -73.9 -63.3 -59.9 -61.7 -57.2 -58.1 -59.7 -58.0

7 F28005 tt n oa oenet574757318-3831882720898367 908.3 270.8 842.7 63 60 381.8 747.8 80.1 64 -23.8 -6203.1 489.5 93.7 983.4 331.8 806.0 86.2 785.7 -2598.0 56 551.3 8.2 -1456.0 527.4 58.7 840.5 563.0 57 -54.1 -1789.2 -2314.0 15.7 606.7 62 -3467.1 1661.9 10059.0 67.7 903.0 -61.6 -1146.8 -996.8 -892.2 53 659.9 -217.1 -274.8 -710.1 7438.3 -173.2 50 132.8 -155.3 113.8 4099.6 221.7 55 49 -521.5 1426.9 -80.2 1464.8 67.2 -167.9 -306.6 -132.2 68 FR265000005 Restoftheworld 4292.5 417.9 -149.6 -80.4 -1153.0 146.6 67 FR218200005 Stateandlocalgovernment 282.4 6659.2 66 FR318200005Federalgovernment -148.6 -1106.7 45 283.3 8.2 -61.1 65 FR798200005Financialbusiness 3772.0 75.8 12.8 -217.6 64 FR108200005Nonfinancialcorporate business 102.2 44 63 FR112010005Nonfinancialnoncorporate business -65.4 41 -242.7 -86.5 -288.3 -58.0 62 FR158200095Householdsandnonprofit institutionsservinghouseholds 522.3 -46.4 Holdinggains/losses -268.7 -80.5 -311.2 -285.3 47 -131.4 40 849.7 48 -1.8 61 FV268090185Restoftheworld 37 -223.1 36 -72.1 -80.2 55.0 -300.5 1596.9 60 FV218090185Stateandlocalgovernment -92.2 1273.5 50.5 -1.5 -66.1 59 FV318090185Federalgovernment -88.3 -293.0 1101.5 -64.2 -80.4 -391.3 336.8 58 FV798090185Financialbusiness -237.3 53.4 57 FV108090105Nonfinancialcorporatebusiness -262.4 805.5 4.4 636.6 -15.2 61.1 -286.6 -61.1 56 FV118090105Nonfinancialnoncorporatebusiness 34 -270.3 55 FV158090185Householdsandnonprofitinstitutionsservinghouseholds 418.6 -366.4 17.1 -156.9 293.5 Totalothervolumechanges -1.8 -0.7 -65.4 -296.0 424.8 1087.4 -239.8 280.3 39 27.8 54 FA265000005Restoftheworld -321.1 -80.5 115.3 1210.0 0.5 32 Addendum: -196.2 950.5 38 266.2 53 FA215000005Stateandlocalgovernment 244.6 116.9 643.3 -72.1 236.4 -522.3 25.4 52 FA315000005Federalgovernment 30 948.2 19.9 256.5 51 FA795000005Financialbusiness 231.5 31 74.3 27 1223.0 349.8 206.7 -414.4 -64.2 50 FA105000005Nonfinancialcorporatebusiness -660.4 814.0 1639.2 431.0 251.4 9.6 49 FA115000005Nonfinancialnoncorporatebusiness 220.7 -276.1 28 336.3 -15.2 83.1 48 FA155000005Householdsandnonprofitinstitutionsservinghouseholds 1557.1 712.5 407.9 3420.9 246.3 47 FA885000005Netlending(+)ornetborrowing(-)(financialaccount) -322.3 210.3 321.8 25 21.4 1489.3 73.5 3265.0 806.5 385.6 238.8 -194.7 288.0 46 FA265000905Restoftheworld 199.2 1429.3 309.9 45 FA087005005Statisticaldiscrepancy(NIPA) 3112.9 23 -2.3 29 804.9 -85.8 232.0 370.4 Addendum: 272.6 19 1401.7 24 190.3 431.4 599.0 302.2 2986.6 44 FA215000905Stateandlocalgovernment 634.8 -73.8 2104.6 -210.5 1349.2 356.0 43 FA315000905Federalgovernment 16 255.6 2911.4 181.8 415.3 21 15 574.0 291.6 42 FA795000905Financialbusiness 2020.4 1279.7 1007.8 -1.1 -201.0 -72.2 4454.9 0.0 338.8 2815.0 41 FA105000905Nonfinancialcorporatebusiness 172.5 257.8 393.0 277.2 537.8 1864.3 1230.6 40 FA115000905Nonfinancialnoncorporatebusiness 4279.0 2681.2 330.8 -71.9 -6.2 39 FA155000905Householdsandnonprofitinstitutionsservinghouseholds 241.5 1759.7 267.3 -3.0 374.8 508.9 2576.0 38 FA885000985Netlending(+)ornetborrowing(-)(capitalaccount) 3999.1 22 333.7 1789.5 -72.6 218.7 878.0 191.5 362.8 3798.4 485.4 37 FA105020005Nonfinancialcorporatebusiness -9.4 1753.8 36 FA115020005Nonfinancialnoncorporatebusiness -69.8 203.0 3723.0 866.8 354.1 2.6 467.3 35 FA145020005Changeininventories 1606.5 13 3562.8 0.0 14 193.2 -70.6 320.0 -207.7 821.8 1542.8 437.8 34 FA216300001Stateandlocalgovernment 15.4 3321.9 -3.2 10 33 FA316300001Federalgovernment -71.6 -213.7 289.8 412.0 0.0 767.7 32 FA796300081Financialbusiness(nonresidential) 468.0 3171.6 31 FA106300003Nonfinancialcorporatebusiness 9.5 -6.7 -238.8 -74.4 706.6 30 FA116300001Nonfinancialnoncorporatebusiness 506.5 0.0 29 FA156300003Householdsandnonprofitinstitutionsservinghouseholds -239.2 -5.7 633.6 -15.0 28 FA886300095Consumptionoffixedcapital 7 495.4 -215.8 -0.0 1846.8 592.0 27 FA215019001Stateandlocalgovernment -17.0 14.7 429.3 -237.9 26 FA315019001Federalgovernment 1780.4 524.8 25 FA795013005Financialbusiness(nonresidential) -4.9 -265.3 529.1 21.5 24 FA105019085Nonfinancialcorporatebusiness 1705.2 4 9 23 FA115019085Nonfinancialnoncorporatebusiness -282.8 589.1 1661.3 22 FA155019005Householdsandnonprofitinstitutionsservinghouseholds 3 9.3 10458.2 1231.2 21 FA885019005Grossfixedcapitalformation 641.9 1626.7 10100.8 3891.9 1237.3 9635.8 20.0 20 FA265440005Restoftheworld 1573.5 3729.4 575.8 19 FA215440005Stateandlocalgovernment 1071.0 9222.7 1526.1 18 FA315440005Federalgovernment 3546.4 -4.8 975.0 17 FA795440005Financialbusiness 9129.2 1463.0 3364.5 16 FA105440005Nonfinancialcorporatebusiness 8787.3 1038.7 15 FA115440005Nonfinancialnoncorporatebusiness 2 3338.1 14 FA155440005Householdsandnonprofitinstitutionsservinghouseholds 8374.5 971.0 2686.3 3255.2 Netcapitaltransfers 8059.5 799.7 3085.5 2569.5 13 FA216006005Stateandlocalgovernment 12 FA316006085Federalgovernment 2977.1 2447.3 1106.6 11 FA796012005Financialbusiness 2349.4 10 FA106012005Nonfinancialcorpora

63. 64. 71. 87. 83. 97. 06. 12. 1 21420.4 20669.9 19674.4 18837.3 18475.6 17813.9 16941.8 16436.8 16. 584-3. 588-7. 491-7. 10. 52 -1107.7 -972.6 -479.1 -676.1 -518.8 -732.8 43 -508.4 -1137.4 -1169.7 -1000.6 -540.0 -717.0 -584.4 -653.2 -697.3 -1187.3 12 -1047.0 -931.7 -722.4 -669.1 -560.2 -597.4 -631.8 -1072.7 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 19916. 36218. 49817. 63611. 5 1717.1 1693.6 1570.9 1489.8 1388.4 1316.2 1169.7 1199.9 45731011. 2. 1. 84612. 06068 1066.0 65 1227.5 -263.5 -854.6 165.1 415.0 -586.7 128.2 -707.0 1415.1 -331.1 361.0 2.3 -455.7 -1701.1 -517.3 9. 2. 233287254-03232-0. 58 -401.0 273.2 -60.3 54 213.3 205.4 309.0 278.7 329.3 -233.3 122.7 404.6 294.4 331.7 46 509.5 240.6 472.4 342.6 42 79.5 468.7 407.5 5.5 414.5 432.0 -100.2 372.5 -20.5 367.4 -72.0 440.8 33 -10.4 294.8 -24.0 285.8 108.1 277.0 271.8 26 321.9 271.5 295.9 270.2 278.7 265.9 261.6 268.1 266.6 263.8 269.6 287.3 11 122.9 63.4 8 37.4 567.5 6 28.9 661.9 820.0 -29.8 642.5 796.2 28.0 524.9 768.8 762.0 -2.9 749.5 752.8 138.4 737.3 541.7 723.1 465.3 711.0 719.0 3. 4. 7. 7. 0326912914351 164.3 172.9 256.9 30.3 171.8 -72.5 142.4 -38.4 507. 85606. 021115. 66 54.9 101.1 90.2 67.9 61 6.0 -317.7 213.7 48.5 -93.8 74.2 -85.3 35.0 -90.1 -193.3 40.6 39.3 35 49.1 57.7 16.3 28.4 136.8 84.0 104.5 71.2 18 66.1 59.5 -181.9 60.5 59.9 64.9 64.3 90.9 06106-141258. 1025. 9. 59 195.0 54.2 -120.2 80.3 122.5 -51.4 180.6 -0.6 . 70-. 84-. 1. 45-. 20 -6.6 17 0.0 -4.5 16.9 -16.0 -7.0 102.7 1.8 -8.4 -6.9 0.0 -7.0 10.0 0.6 0.0 9.6 Z.1, March11,2021 153

Integrated Accounts Integrated Accounts 1 F22905 tt n oa oenet52. 12550. 01352. 07361. 14781 7164.7 6310.3 6087.3 74 5325.3 854.4 5051.3 77 78 5205.4 223.0 12303.7 -17701.4 5102.5 11518.3 -10178.3 762.1 -13336.3 11087.4 5220.7 70 -10149.9 10207.4 273.9 -8947.3 785.4 9879.9 71 -10541.7 -154.1 -8516.9 430.9 9186.3 -7523.1 -4544.4 102.9 8512.0 3158.0 880.0 7468.5 76 -118.1 -3186.4 327.4 118219.8 -1202.6 432.7 105518.1 1594.4 104869.1 693.6 96061.5 -2024.9 69 82 FL262090095Restoftheworld 90899.3 674.3 -3972.4 12701.7 81 FL212090095Stateandlocalgovernment 87894.9 80 FL312090095Federalgovernment 1043.5 -1660.7 648.9 81791.1 79 FL792090095Financialbusiness 73078.7 672.4 78 FL102090095Nonfinancialcorporatebusiness 8807.6 77 LM112090205Nonfinancialnoncorporatebusiness 76 FL152090005Householdsandnonprofitinstitutionsservinghouseholds 5162.2 Networth 3004.4 75 FC262090095Restoftheworld 6103.8 74 FC212090095Stateandlocalgovernment 8712.4 73 FC312090095Federalgovernment 72 FC792090095Financialbusiness 5220.2 71 FC102090095Nonfinancialcorporatebusiness 70 FC112090205Nonfinancialnoncorporatebusiness 69 FC152090005Householdsandnonprofitinstitutionsservinghouseholds Changeinnetworth Billions ofdollars S.2.a SelectedAggregatesforTotalEconomyandSectors 154

Z.1, March11,2021 1515-09. 1679-24. 1711-30. 1175-50. 80 -15000.7 -14137.5 -13301.6 -12731.1 -12149.6 -11657.9 -10992.7 -10551.5 12. 412-6. 417-8. 505-3. 83273 -863.2 -835.9 -570.5 -581.5 -491.7 -665.2 -441.2 -1129.2 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 35558. 68774. 82975. 257153582 10523.5 9265.7 7352.0 7892.9 7148.8 6678.7 5084.5 4315.5 4. 751-4. 13. 10. 21. 13. 27. 79 -2273.7 -1732.2 -2217.1 -1504.8 -1030.3 -948.1 -735.1 846.2 9. 18. 231-21-7. 723449-4. 72 -541.6 484.9 -712.3 -474.5 -82.1 -213.1 -1581.2 -94.1 4479019. 7. 4. 50911. 27875 1257.8 1913.6 -540.9 744.1 470.1 1594.2 769.0 24.4

9 F13935 qiyivsmn ne ulcPiaeIv rga 3 34-...... 59 0.0 0.0 0.0 0.0 0.0 0.0 -1.8 -3.4 39 59 FA153094305 EquityinvestmentunderPublic-PrivateInv. Program(3) 950.5 58 FA152090205 Equityinnoncorporatebusiness 57 FA153034005 Moneymarketfundshares 948.2 56 FA153064205Mutualfundshares 814.0 55 FA153064105Corporateequities 54 FA153081005Equityandinvestment fundshares 712.5 37 -13.6 53 FA153065005Longterm(mortgages) 806.5 52 FA154041005Shortterm -13.2 804.9 51 FA154023005Loans -12.0 634.8 50 FA153063005Corporateandforeign bonds 1007.8 49 FA153062005Municipalsecurities -11.0 38 950.5 48 FA153061705Agency-andGSE-backedsecurities(2) -10.4 47 FA153061105Treasurysecurities 948.2 46 FA154022005Debtsecurities -9.5 814.0 33 45 FA313131003Postalsavingssystemdeposits 878.0 712.5 -9.3 44 FA153091003Foreigndeposits 866.8 43 FA153030005Timeandsavingsdeposits 806.5 -9.1 42 FA153020005Currencyandtransferabledeposits 821.8 41 FA154000005Currencyanddeposits 804.9 767.7 634.8 40 FA154090005Netacquisitionoffinancialassets 706.6 1007.8 39 FA155000905Netlending(+)orborrowing(-)(line38) 633.6 Financialaccount 592.0 524.8 38 FA155000905Netlending(+)orborrowing(-),capitalaccount(lines29-32) 37 FA155420003Acquisitionofnonproducednonfinancialassets 36 FA156300003Less:Consumptionoffixedcapital 35 FA165013005Nonresidential(nonprofitorganizations) 19 34 FA155012005Residential 665.6 21 33 FA155019005Grossfixedcapitalformation,excludingconsumerdurables 2202.9 623.3 32 FA155050905Capitalformation,net 2085.3 579.1 31 FA155440005Less:Capitaltransferspaid(net) 2046.7 30 FA156006005Netsaving 555.9 1957.9 29 FA156006315Netsavinglesscapitaltransfers 1939.9 18 547.6 1868.6 20 1784.6 Capitalaccount 16487.8 525.6 1791.2 1676.4 15905.7 1509.5 15096.1 1707.4 518.9 14352.6 28 FA156006005Equals:Netsaving 1617.7 554.1 13985.6 13369.1 1613.6 7 27 FA156901001Less:Finalconsumptionexpenditures 12645.2 12374.7 1628.3 196.9 1563.9 26 FA156012095Equals:Disposableincome,net 191.5 1502.7 4 25 FA156403001Less:Othercurrenttransfers(paid) 185.1 1007.4 24 FA156403101Plus:Othercurrenttransfers(received) 964.3 178.3 23 FA156600001Less:Socialcontributions(paid) 9 22 FA156404105Plus:Socialbenefits(received) 919.0 16487.8 171.3 21 FA156220001Less:Currenttaxesonincome,wealth,etc.(paid) 15905.7 888.5 15096.1 20 FA156140005Netnationalincome/Balanceofprimaryincomes,net 165.7 14352.6 852.7 13985.6 159.0 19 FA156130001Less:Usesofpropertyincome(interestpaid) 13369.1 155.2 18 FA156122101Withdrawalsfromincomeofquasi-corporations(1) 812.2 12645.2 12374.7 17 FA156121101Dividends 780.0 16 FA156120105Distributedincomeofcorporations 758.8 15 FA156130101Interest 14 FA156150105Propertyincome(received) 13 FA156401101Employers’socialcontributions 12 FA156020101Wagesandsalaries 11 FA156025105Compensationofemployees(received) 10 FA156402101Operatingsurplus,net 9FA156140005Netnationalincome/Balanceofprimaryincomes,net 8FA156402101Operatingsurplus,net 7FA156240101Taxesonproductionandimportslesssubsidies 6FA156401001Employers’socialcontributions 5FA156020001Wagesandsalaries 4FA156025005CompensationpaidbyhouseholdsandNPISHs 3FA156902605Equals:Netvalueadded 2FA156300003Less:Consumptionoffixedcapital 1FA156902505Grossvalueadded Currentaccount Billions ofdollars S.3.a HouseholdsandNonprofitInstitutionsServing

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Integrated Accounts Integrated Accounts 6 F12905 hnei e ot lns3+87+5 20281. 13830. 12280. 4. 20. 96 12701.7 648.9 93 108 FL313131003Postalsavingssystem deposits 0.0 8807.6 107 FL153030005Timeandsavings deposits 5162.2 106 LM153091003Foreigndeposits 0.0 3004.4 105 FL153020005Currencyandtransferable deposits 104 FL154000005Currencyanddeposits 6103.8 0.0 8712.4 103 FL154090005Financialassets 5220.2 94 0.0 1556.7 102 LM165013765Intellectualpropertyproducts 95 -519.3 10059.0 101 LM165015205Equipment -996.8 100 LM155111005Consumerdurablegoods 0.0 1048.4 99 LM155035005Realestate 7438.3 464.5 98 LM152010005Nonfinancialassets 4099.6 0.0 -157.5 1464.8 97 FL152000005Totalassets 386.9 4292.5 0.0 Balancesheetaccount(endofperiod) 6659.2 956.2 3772.0 -0.0 543.5 82 96 FC152090005Changeinnetworth(lines32+38+78+95) -646.4 -153.3 79 Changesinbalancesheetaccount 270.6 8.5 269.2 95 FR158200095Changesinnetworthduetonominalholdinggains/losses 293.9 245.0 94 FR153052045Insurance,pensionandstandardizedguaranteeschemes -280.9 222.0 93 FR153094305EquityinvestmentunderPublic-PrivateInv.Program -405.1 92 FR152090205Equityinnoncorporatebusiness 209.9 -8.6 91 FR153064205Mutualfundshares 180.4 90 FR153064105Corporateequities -215.2 89 FR154022005Debtsecurities 75 147.0 88 FR158080095Financialassets 1.5 127.0 87 FR155111005Consumerdurablegoods 1.9 86 FR165013765Intellectualpropertyproducts 77 85 FR165015205Equipment 1596.9 84 FR155035005Realestate 1.8 1101.5 83 FR152010085Nonfinancialassets 805.5 -0.3 Revaluationaccount 418.6 1.7 1087.4 82 FU157005045Less:Statisticaldiscrepancy(lines38-77)(5) 1210.0 81 FV158090085Othervolumechanges 1.2 643.3 80 FV152010005Disasterlosses 1223.0 79 FU155111005Netinvestmentinconsumerdurablegoods 3.0 78 FV158090185Totalothervolumechanges 64 0.6 Otherchangesinvolumeaccount 15.4 20.3 77 FA155000005Netlending(+)orborrowing(-),financialaccount(lines40-67) 13.1 Addendum: 12.8 76 FA163170005Otheraccountspayable(tradedebt) 61 75 FA543077073Insurance,pensionandstandardizedguaranteeschemes 5.6 60 12.0 477.9 74 FA153165005Longterm(mortgages) 11.9 17.9 387.6 73 FA153169005Otherloansandadvances 72 FA153168005Depositoryinstitutionloansn.e.c. 552.9 10.7 31.6 71 FA153166000Consumercredit 70 FA154141005Shortterm 419.3 4.6 31.1 69 FA154123005Loans 493.6 26.3 68 FA163162003Debtsecurities(municipals) 405.7 -4.3 600.9 67 FA154190005Netincurrenceofliabilities 515.4 66 FA163096005Otheraccountsreceivable 32.3 -7.7 65 FA313195105RetireeHealthCareFunds 64 FA153095105Non-lifeinsurancereservesatlifecompanies 63 FA153050005Pensionentitlements(4) 62 FA153040005Lifeinsurancereserves 61 FA153076005Insurancereceivablesduefromproperty-casualtyinsurancecompanies 60 FA153052005Insurance,pensionandstandardizedguaranteeschemes Billions ofdollars S.3.a HouseholdsandNonprofitInstitutionsServing 156

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3 L4077 Isrne eso n tnadzdgaateshms2. 872. 163. 313. 65139 36.5 35.0 33.1 31.3 31.6 29.9 28.7 25.7 141 FL152090005Networth 140 FL163170005Otheraccountspayable(tradedebt) 122 127 0.0 367.6 139 FL543077073Insurance,pensionandstandardizedguaranteeschemes 352.2 0.0 331.8 138 FL153165005Longterm(mortgages) 137 FL153169005Otherloansandadvances 0.0 318.8 136 FL153168005Depositoryinstitutionloansn.e.c. 135 FL153166000Consumercredit 306.0 0.0 134 FL154141005Shortterm 124 603.9 300.4 133 FL154123005Loans 0.0 591.9 288.6 132 FL163162003Debtsecurities(municipals) 277.9 574.0 123 30762.6 0.0 131 FL154190005Liabilities 28647.3 542.4 111 28718.4 700.8 130 FL152100005Totalliabilitiesandnetworth 27011.1 0.0 511.4 26023.8 593.1 25617.8 129 FL163096005Otheraccountsreceivable 485.1 24707.6 1.8 436.2 22052.5 489.4 128 FL313195105RetireeHealthCareFunds 396.8 457.1 127 FL153095105Non-lifeinsurancereservesatlifecompanies 126 FL153050005Pensionentitlements(4) 491.2 125 FL153040005Lifeinsurancereserves 307.7 124 FL153076005Insurancereceivablesduefromproperty-casualtyinsurancecompanies 123 FL153052005Insurance,pensionandstandardizedguaranteeschemes 196.9 339.9 122 LM153094305EquityinvestmentunderPublic-PrivateInv.Program(3) 121 LM152090205Equityinnoncorporatebusiness 120 FL153034005Moneymarketfundshares 119 LM153064205Mutualfundshares 118 LM153064105Corporateequities 117 FL153081005Equityandinvestmentfundshares 116 FL153065005Longterm(mortgages) 115 FL154041005Shortterm 114 FL154023005Loans 113 LM153063005Corporateandforeignbonds 112 LM153062005Municipalsecurities 111 LM153061705Agency-andGSE-backedsecurities(2) 110 LM153061105Treasurysecurities 109 LM154022005Debtsecurities Billions ofdollars S.3.a HouseholdsandNonprofitInstitutionsServing reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatisticalbetweenthecapitalfinancialaccounts. (5) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedincapitalaccountandsameconceptfinancialaccount. (4) Includesvariableannuities,includingthoseinIRAs,atlifeinsurancecompanies. (3) FundsinvestedbyfinancialinstitutionssuchasdomestichedgefundsthroughthePublic-PrivateInvestmentProgram(PPIP). theFinancingCorporation,andResolutionFundingtheyincludedStudentLoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae,FreddieMac,AgriculturalMortgageCorporation,FarmCreditSystem, theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancialrecords. (1) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporationsareunincorporatedenterprisesthatfunctionasiftheywerecorporations;

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Integrated Accounts Integrated Accounts 4 F13945 qiyi oenetsosrdetrrss()020607050726020344 0.3 0.2 2.6 45 10.0 0.7 -1.3 0.5 4.1 0.7 -3.0 55 FA113165005 Longterm(mortgages) 54 FA113169005 Otherloansandadvances 0.6 -10.2 53 FA113168005Depositoryinstitution loansn.e.c. 52 FA114141005Shortterm 12.7 0.2 51 FA114123005Loans -26.2 50 FA114190005Netincurrenceofliabilities 15.7 49 FA113093005Other(miscellaneous assets) 31 48 FA113072003PPPsubsidiesreceivable -80.2 47 FA113070003Tradereceivables -80.4 46 FA113096005Otheraccountsreceivable -61.1 45 FA113076005Insurance,pensionandstandardizedguaranteeschemes(4) -65.4 44 FA113092405Equityingovernment-sponsoredenterprises(3) -80.5 43 FA113034003Moneymarketfundshares -72.1 42 FA113081005Equityandinvestmentfundshares -64.2 41 FA113065005Longterm(mortgages) -15.2 40 FA113066003Shortterm(consumercredit) 30 39 FA114023005Loans -80.2 38 FA113062003Municipalsecurities -80.4 37 FA113061003Treasurysecurities -61.1 36 FA114022005Debtsecurities -65.4 35 FA113030003Timeandsavingsdeposits -80.5 34 FA113020005Currencyandtransferabledeposits 33 FA114000005Currencyanddeposits -72.1 -64.2 32 FA114090005Netacquisitionoffinancialassets -15.2 31 FA115000905Netlending(+)orborrowing(-)(line30) 15 Financialaccount 0.9 17 21.3 0.8 30 FA115000905Netlending(+)orborrowing(-),capitalaccount(lines21-24) 24.8 0.3 29 FA115020005Changeinprivateinventories 28 FA116300001Less:Consumptionoffixedcapital 27.3 27 FA115012005Residential 0.3 19.0 26 FA115013085Nonresidential 25 FA115019085Grossfixedcapitalformation 0.2 23.0 24 FA115050985Capitalformation,net 9 14 26.1 21.3 0.2 23 FA115440005Less:Capitaltransferspaid(net) 1827.8 22 FA116012005Netsaving 24.4 1750.4 24.8 7 0.2 21 FA116006305Netsavinglesscapitaltransfers 1648.2 27.3 237.2 24.4 1570.6 0.2 Capitalaccount 1599.6 234.5 19.0 1605.4 224.3 1509.6 23.0 1431.9 20 FA116012005Equals:Netsaving 209.8 26.1 206.8 19 FA116012005Equals:Disposableincome,net 186.0 24.4 18 FA116403001Less:Othercurrenttransfers(paid) 170.7 24.4 17 FA116140001Netnationalincome/Balanceofprimaryincomes,net 171.2 16 FA116112001Rentsonlandandnaturalresources 15 FA113192281Reinvestedearningsonforeigndirectinvestment 14 FA116122001Withdrawalsfromincomeofquasi-corporations(2) 13 FA116130001Interest 12 FA116150005Less:Usesofpropertyincome(paid) 11 FA116130101Propertyincome(interestreceived) 10 FA116402105Operatingsurplus,net 9FA116140001Netnationalincome/Balanceofprimaryincomes,net 8FA116402105Operatingsurplus,net 7FA116240101Taxesonproductionandimportslesssubsidies 6FA116401005Employers’socialcontributions 5FA116020001Wagesandsalaries 4FA116025001Compensationofemployees(paid) 3FA116902605Equals:Netvalueadded 2FA116300001Less:Consumptionoffixedcapital 1FA116902505Grossvalueadded Currentaccount Billions ofdollars S.4.a NonfinancialNoncorporateBusiness(1) 158

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0 L1020 Eut ngvrmn-pnoe nepie 3 . . . . . 231. 28102 12.8 12.5 12.3 9.8 9.0 103 129.0 119.0 8.5 120.4 7.8 116.3 119.3 7.2 129.4 116.7 142.9 107 FL113093005 Other(miscellaneousassets) 106 FL113072003 PPPsubsidiesreceivable 105 FL113070003 Tradereceivables 104 FL113096005 Otheraccountsreceivable 103 FL113076005Insurance,pension andstandardizedguaranteeschemes(4) 102 FL113092405Equityingovernment-sponsored enterprises(3) 101 FL113034003Moneymarketfund shares 100 FL113081005Equityandinvestment fundshares 99 FL113065005Longterm(mortgages) 98 FL113066003Shortterm(consumercredit) 97 FL114023005Loans 96 LM113062003Municipalsecurities 95 LM113061003Treasurysecurities 94 LM114022005Debtsecurities 79 785.4 77 93 FL113030003Timeandsavingsdeposits -26.1 430.9 92 FL113020005Currencyandtransferabledeposits 880.0 6.3 91 FL114000005Currencyanddeposits 327.4 3.1 90 FL114090005Financialassets 693.6 674.3 89 LM115020005Inventories 5.8 88 LM115013765Intellectualpropertyproducts 1043.5 87 LM115013265Nonresidential 672.4 1.1 78 86 LM115012265Residential 777.2 85 LM115015205Equipment 1.8 482.0 84 LM115035035Nonresidential 83 LM115035023Residential(5) 802.9 2.3 82 LM115035005Realestate 544.5 81 LM112010005Nonfinancialassets 560.8 -0.0 80 FL112000005Totalassets 607.1 896.9 Balancesheetaccount(endofperiod) 659.3 79 FC112090205Changeinnetworth(lines24+30+63+77) Changesinbalancesheetaccount 78 FR118200005Changesinnetworthduetonominalholdinggains/losses 77 FR115114005Liabilities(directinvestmentintheU.S.) 76 FR114022005Financialassets(debtsecurities) 75 FR115020005Inventories 58 74 FR115013765Intellectualpropertyproducts -0.3 73 FR115013265Nonresidential 63 72 FR115012265Residential 21.0 -80.2 71 FR115015205Equipment -80.4 70 FR115035035Nonresidential 2.4 69 FR115035023Residential -61.1 68 FR115035005Realestate 2.7 -65.4 67 FR112010005Nonfinancialassets -80.5 1.9 Revaluationaccount -72.1 1.8 -64.2 66 FV118090085Othervolumechanges 0.4 -15.2 65 FV112010005Disasterlosses 64 FV118090105Totalothervolumechanges 0.8 Otherchangesinvolumeaccount 63 FA115000005Netlending(+)orborrowing(-),financialaccount(lines32-50) Addendum: 62 FA113193003Other(miscellaneousliabilities) 61 FA113178003Taxespayable 60 FA113170005Tradepayables 59 FA113196005Otheraccountspayable 58 FA115114005ForeigndirectinvestmentintheUnitedStates 57 FA112090205Equityinnoncorporatebusiness 56 FA113181005Equityandinvestmentfundshares Billions ofdollars S.4.a NonfinancialNoncorporateBusiness(1)

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Integrated Accounts Integrated Accounts 1 M1140 qiyadivsmn udsae drc neteti h .. . 061. 722. 125. 21115 32.1 (5) Farmhousesareincludedinthehouseholdsector. 58.5 (4) Netequityinreservesofproperty-casualtyinsurancecompanies. theFinancingCorporation,andResolutionFundingtheyincludedStudentLoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. 31.2 (3) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae,FreddieMac,AgriculturalMortgageCorporation,FarmCreditSystem, theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancialrecords. 25.6 (2) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporationsareunincorporatedenterprisesthatfunctionasiftheywerecorporations; 17.2 (1) Estimatesfor2000andearlierperiodsarebasedonthe1987StandardIndustrialClassificationSystem;laterestimatesNorthAmericanSystem. 14.2 120 LM112090205Networth 10.6 119 FL113193003Other(miscellaneousliabilities) 118 FL113178003Taxespayable 7.9 117 FL113170005Tradepayables 116 FL113196005Otheraccountspayable 115 LM115114005Equityandinvestmentfundshares(directintheU.S.) 114 FL113165005Longterm(mortgages) 113 FL113169005Otherloansandadvances 112 FL113168005Depositoryinstitutionloansn.e.c. 111 FL114141005Shortterm 110 FL114123005Loans 109 FL114190005Liabilities 108 FL112100005Totalliabilitiesandnetworth Billions ofdollars S.4.a NonfinancialNoncorporateBusiness(1) 160

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4 F13915 neteti iac opn usdais391. 5822-311. . 0654 53 -0.6 0.1 2.5 0.1 12.5 0.3 48 -13.1 178.2 0.1 43 2.2 -236.5 46 -2.8 0.1 -3.0 276.8 15.8 -5.5 193.3 0.1 -24.7 14.1 250.5 10.0 -52.7 0.0 3.9 416.5 26.8 37 1.3 0.0 354.7 81.0 13.6 278.7 -1.3 238.0 27.4 35 0.6 -16.2 757.2 -1.7 34 154.1 870.5 0.3 -46.4 -5.4 54 FA103094105Investmentinfinance companysubsidiaries 49.4 547.8 53 FA103092405Equityingovernment-sponsored enterprises(2) -1.8 -1.3 52 FA103092005U.S.directinvestment abroad 116.8 951.8 51 FA103064203Mutualfundshares -88.3 31 50 FA103064103Corporateequities 42.1 1140.0 49 FA103034000Moneymarketfund shares -0.4 61.1 673.6 48 FA103081005Equityandinvestment fundshares 39.8 -2.1 707.9 47 FA103065003Longterm(mortgages) -1.8 46 FA104041005Shortterm(securityreposandconsumercredit) 307.2 30 45 FA104035005Loans 33 0.1 115.3 1639.2 -46.4 44 FA103062003Municipalsecurities 236.4 1557.1 7.3 43 FA103061703Agency-andGSE-backedsecurities(2) -1.8 42 FA103061103Treasurysecurities 1489.3 206.7 41 FA103069100Openmarketpaper 1429.3 29.5 40 FA104022005Debtsecurities -88.3 1401.7 1.6 39 FA103091003Foreigndeposits 61.1 1349.2 38 FA103030003Timeandsavingsdeposits 37 FA103020000Currencyandtransferabledeposits 1279.7 -1.8 1.4 36 FA104000005Currencyanddeposits 1230.6 115.3 35 FA104090005Netacquisitionoffinancialassets 0.2 236.4 34 FA105000905Netlending(+)orborrowing(-)(line33) 206.7 Financialaccount 21 212.4 18 33 FA105000905Netlending(+)orborrowing(-),capitalaccount(lines25-28) 196.4 20 126.0 32 FA105020005Changeinprivateinventories 757.5 31 FA105420095Acquisitionofnonproducednonfinancialassets 224.2 123.2 17 30 FA106300003Less:Consumptionoffixedcapital 15 786.4 593.6 29 FA105019085producednonfinancialassets) 261.9 86.4 1205.1 Grossfixedcapitalformation(acquisitionof 805.6 1170.9 13 283.2 28 FA105050985Capitalformation,net 1763.0 65.0 -43.0 822.8 14 759.8 290.7 1407.9 27 FA105440005Less:Capitaltransferspaid(net) 159.9 71.6 793.1 911.1 26 FA106012005Netsaving 1339.2 907.8 263.5 25 FA106006385Netsavinglesscapitaltransfers -220.3 1298.6 766.0 102.0 960.2 78.9 245.4 9 7 Capitalaccount 1222.4 327.3 700.5 102.4 989.7 757.5 72.1 914.7 1137.1 266.7 4 632.5 903.3 124.9 1155.2 24 FA106012005Equals:Netsaving 786.4 75.0 873.6 6300.9 267.4 624.8 102.9 23 FA106012005Equals:Disposableincome,net 805.6 6018.3 2 825.3 286.4 100.6 5703.9 22 FA106403001Less:Othercurrenttransfers(paid) 1639.2 759.8 787.3 289.2 21 FA106220001Less:Currenttaxesonincome,wealth,etc.(paid) 106.9 5429.6 1557.1 20 FA106140005Netnationalincome/Balanceofprimaryincomes,net 907.8 262.0 772.8 5292.6 1489.3 960.2 19 FA106112001Rent 767.6 5026.2 1429.3 18 FA103192201Reinvestedearningsonforeigndirectinvestment 989.7 4768.1 17 FA106121001Distributedincomeofcorporations(dividends) 742.0 1401.7 16 FA106130001Interest 4608.3 903.3 1349.2 695.1 15 FA106150005Less:Usesofpropertyincome(paid) 14 FA103092201ReinvestedearningsonU.S.directinvestmentabroad 1279.7 13 FA106121101Distributedincomeofcorporations(dividends) 1230.6 12 FA106130101Interest 11 FA106150105Propertyincome(received) 10 FA106402101Operatingsurplus,net 9FA106140005Netnationalincome/Balanceofprimaryincomes,net 8FA106402101Operatingsurplus,net 7FA106240101Taxesonproductionandimportslesssubsidies 6FA106401001Employers’socialcontributions 5FA106020001Wagesandsalaries 4FA106025005Compensationofemployees(paid) 3FA106902605Equals:Netvalueadded 2FA106300003Less:Consumptionoffixedcapital 1FA106902501Grossvalueadded Currentaccount Billions ofdollars S.5.a NonfinancialCorporateBusiness(1)

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Integrated Accounts Integrated Accounts 0 C0009 Cag nntwrh(ie 83+110 5 16. 37. 22. 544-226-16435. 72. 101 -7523.1 3158.0 98 -3186.4 1675.8 -1202.6 99 -508.6 1594.4 107 LM105020015 Inventories -445.4 -2024.9 785.2 106 LM105013765 Intellectualpropertyproducts 100 152.1 105 LM105015205 Equipment -3972.4 -6203.1 276.8 104 LM105035005Realestate -1660.7 983.4 -270.1 103 LM102010005Nonfinancialassets (6) -175.9 -142.3 -2598.0 102 FL102000005Totalassets 237.9 -1456.0 43.6 Balancesheet account(endofperiod) 85 731.5 840.5 -5.3 -152.9 165.0 -2314.0 -326.1 101 FC102090095Changeinnetworth(lines28+33+81+100)(5) -3467.1 -54.7 -1146.8 -179.9 Changesinbalancesheetaccount -52.7 84 475.2 -0.7 100 FR108200005Changesinnetworthduetonominalholdinggains/losses 130.4 99 FR103152025Insurance,pensionandstandardizedguaranteeschemes 56.3 98 FR103192005ForeigndirectinvestmentintheUnitedStates -370.7 97 FR103164103Corporateequity 2.1 96 FR104190085Liabilities -14.7 95 FR103092005Directinvestmentabroad 14.4 84.6 94 FR103064203Mutualfundshares 93 FR103064103Corporateequities -11.4 74 426.4 92 FR104022005Debtsecurities -0.9 91 FR108080095Financialassets 181.3 80 90 FR105020015Inventories -34.6 598.0 89 FR105013765Intellectualpropertyproducts -521.5 88 FR105015205Equipment 19.2 -132.2 87 FR105035005Realestate 86 FR102010005Nonfinancialassets 282.4 8.8 70 Revaluationaccount 67 73 75.8 72 -199.2 21.6 15.2 -14.6 253.6 -363.8 -86.5 85 FU105020601Less:Inventoryvaluationadjustment -2.9 45.5 184.5 94.5 84 FU107005045Less:Statisticaldiscrepancy(lines33-80)(4) -44.1 -311.2 83 FV108090085Othervolumechanges 281.5 82 FV102010005Disasterlosses -47.8 -2.5 -47.7 55.0 -84.9 81 FV108090105Totalothervolumechanges 411.0 64.8 1.2 -12.3 -391.3 -37.8 Otherchangesinvolumeaccount 415.7 -116.5 74.6 101.6 185.4 80 FA105000005Netlending(+)orborrowing(-),financialaccount(lines35-60) -89.6 39.4 98.4 Addendum: 187.7 -110.2 60 189.8 123.4 53.6 79 FA103193005Miscellaneousliabilities 1278.8 78 FA103178005Taxespayable -1.5 1002.7 77 FA103170005Tradepayables 101.0 76 FA103196005Otheraccountspayable 265.4 75 FA573073005Claimofpensionfundonsponsor 876.0 74 FA573074005Pensionfundcontributionspayable 73 FA103152025Insurance,pensionandstandardizedguaranteeschemes 1226.5 55 984.7 72 FA103192005ForeigndirectinvestmentintheUnitedStates 15.0 71 FA103164103Corporateequities 652.9 70 FA103181005Equityandinvestmentfundshares 11.4 698.5 69 FA103165005Longterm(mortgages) 68 FA103169005Otherloansandadvances 13.9 67 FA103168005Depositoryinstitutionloansn.e.c. 66 FA104141005Shortterm 6.6 65 FA104123005Loans 64 FA103163003Corporatebonds 2.3 63 FA103162000Municipalsecurities 62 FA103169100Openmarketpaper 10.2 61 FA104122005Debtsecurities 60 FA104194005Netincurrenceofliabilitiesandequity -5.9 59 FA103093005Other(miscellaneousassets) 7.8 58 FA103072005PPPsubsidiesreceivable 57 FA103070005Tradereceivables 56 FA103096005Otheraccountsreceivable 55 FA103076005Insurance,pensionandstandardizedguaranteeschemes(3) Billions ofdollars S.5.a NonfinancialCorporateBusiness(1) 162

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5 L7040 Pninfn otiuin aal 147. 619. 0. 1. 478. 150 83.8 151 175.7 84.7 590.0 119.3 326.7 100.1 582.3 91.3 609.0 149 504.1 76.1 259.6 143 148 1036.6 8145.2 592.0 79.0 674.7 146 1015.0 6215.8 377.9 41821.7 446.0 920.5 81.4 6539.9 32759.7 35287.8 5473.3 682.4 968.2 30126.2 4785.5 27899.1 700.3 967.0 156 FL102090095Networth 28515.7 4545.7 580.2 863.7 25637.7 4122.4 155 FL103193005Miscellaneousliabilities 19725.6 154 FL103178005Taxespayable 3203.2 671.0 765.5 153 FL103170005Tradepayables 459.3 711.9 152 FL103196005Otheraccountspayable 135 45671.3 151 FL573073005Claimofpensionfundonsponsor 150 FL573074005Pensionfundcontributionspayable 42438.0 149 FL103152025Insurance,pensionandstandardizedguaranteeschemes 40520.3 128 1.3 38218.5 148 LM103192005ForeigndirectinvestmentintheUnitedStates 36227.8 147 LM103164103Corporateequity 33988.0 129 1.2 146 FL103181005Equityandinvestmentfundshares 112.5 32016.4 127 29394.0 145 FL103165005Longterm(mortgages) 6514.5 113.2 1.2 144 FL103169005Otherloansandadvances 5438.6 143 FL103168005Depositoryinstitutionloansn.e.c. 110.7 130 142 FL104141005Shortterm 6722.7 0.9 392.0 141 FL104123005Loans 98.2 5446.6 123 377.0 140 FL103163003Corporatebonds 9827.7 0.8 5180.8 111.3 139 FL103162000Municipalsecurities 365.6 5290.4 8081.9 138 FL103169100Openmarketpaper 108.8 0.7 116 137 FL104122005Debtsecurities 5279.9 9586.0 351.7 16.0 93.0 4322.7 7980.3 136 FL104194005Liabilities 345.1 0.6 18.1 78.9 7617.2 135 FL102100085Totalliabilitiesandnetworth 342.8 7753.2 0.6 23.8 134 FL103093005Other(miscellaneousassets) 332.6 7478.3 133 FL103072005PPPsubsidiesreceivable 6126.2 132 FL103070005Tradereceivables 13.7 338.5 131 FL103096005Otheraccountsreceivable 110 1270.7 12.5 130 FL103076005Insurance,pensionandstandardizedguaranteeschemes(3) 1189.7 13.9 129 FL103094105Investmentinfinancecompanysubsidiaries 951.7 128 FL103092405Equityingovernment-sponsoredenterprises(2) 12.9 127 LM103092005U.S.directinvestmentabroad 967.9 126 LM103064203Mutualfundshares 125 LM103064103Corporateequities 13.1 813.8 124 FL103034000Moneymarketfundshares 123 FL103081005Equityandinvestmentfundshares 764.4 122 FL103065003Longterm(mortgages) 647.7 121 FL103066005Consumercredit 605.6 120 FL102051003Securityrepurchases 119 FL104041005Shortterm 118 FL104035005Loans 117 LM103062003Municipalsecurities 116 LM103061703Agency-andGSE-backedsecurities(2) 115 LM103061103Treasurysecurities 114 FL103069100Openmarketpaper 113 LM104022005Debtsecurities 112 FL103091003Foreigndeposits 111 FL103030003Timeandsavingsdeposits 110 FL103020000Currencyandtransferabledeposits 109 FL104000005Currencyanddeposits 108 FL104090005Financialassets Billions ofdollars S.5.a NonfinancialCorporateBusiness(1) (6) Excludesnonproducednonfinancialassets. (5) Includeschangesinthemarketvalueofshares andotherequitythatareexcludedfromtherelatedmeasuresfornonfinancialcorporatebusiness sectorintheFinancialAccountsofUnitedStates. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatistical betweenthecapitalandfinancialaccounts. (4) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedin capitalaccountandthesameconceptderivedinfinancialaccount.Thediscrepancy (3) Netequityinreservesofproperty-casualtyinsurancecompanies. theFinancingCorporation,andResolutionFundingtheyincludedStudent LoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae, FreddieMac,FederalAgriculturalMortgageCorporation,FarmCreditSystem, (1) Estimatesfor2000andearlierperiodsarebasedonthe1987StandardIndustrialClassification System;laterestimatesarebasedontheNorthAmericanClassificationSystem.

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Integrated Accounts Integrated Accounts 1 F73945 qiyi oenetsosrdetrrss()-. 020307191408-. 51 -4.0 0.8 55 47 250.8 -4.7 1.4 301.6 -165.0 1.9 269.3 31.1 400.3 0.7 215.7 288.4 41 0.3 353.9 147.7 268.9 246.6 490.5 -0.2 -21.4 172.1 297.4 -2.0 253.4 534.5 56 FA793096005 Otheraccountsreceivable 341.5 55 FA793052005Insurance,pension andstandardizedguaranteeschemes 20.2 34 54 FA793094005Investmentinsubsidiaries 35 86.1 53 FA713164003StockinFederalReserve Banks 79.5 3340.3 52 FA793092005U.S.directinvestment abroad 456.4 51 FA793092405Equityingovernment-sponsored enterprises(3) 1679.1 5.5 50 FA793034005Moneymarketfund shares 193.9 2901.1 49 FA793064205Mutualfundshares 48 FA793064105Corporateequities 32 2303.4 -100.2 47 FA793081005Equityandinvestmentfundshares 244.6 1414.6 -20.5 46 FA793065005Longterm(mortgages) 2603.4 27 231.5 45 FA794041005Shortterm -72.0 2979.9 122.9 31 44 FA794035005Loans 2222.0 220.7 288.0 -10.4 33 46.6 43 FA793063005Corporateandforeignbonds 79.5 210.3 -24.0 42 FA793062005Municipalsecurities 272.6 41 FA793061705Agency-andGSE-backedsecurities(3) -65.3 199.2 108.1 25 40 FA793061105Treasurysecurities 5.5 255.6 39 FA793069175Openmarketpaper 190.3 122.9 27.1 38 FA794022005Debtsecurities 24 257.8 181.8 -100.2 21 63.4 54.6 -29.8 37 FA794000005Currencyanddeposits 241.5 0.0 172.5 -20.5 18.0 218.7 37.4 51.7 36 FA713011203Monetarygold -72.0 0.0 203.0 -2.9 35 FA794090005Netacquisitionoffinancialassets 28.9 35.9 -10.4 23 193.2 128.8 86.3 34 FA795000905Netlending(+)orborrowing(-)(line33) -24.0 0.0 -29.8 74.4 Financialaccount 20 108.1 28.0 86.4 29.0 20.6 0.0 22 17 19 -2.9 263.9 885.7 87.1 33 FA795000905Netlending(+)orborrowing(-),capitalaccount(lines27-30) 14.8 40.8 21.4 0.0 138.4 201.6 979.4 32 FA796300081Less:Consumptionoffixedcapital -15.4 114.3 31 FA795013005Grossfixedcapitalformation(nonresidential) 40.8 15.7 0.0 30 FA795015085Capitalformation,net 160.4 -18.8 916.6 113.1 15 14 3097.4 59.2 13.2 116.3 0.0 27.9 29 FA795440005Less:Capitaltransferspaid(net) 217.6 827.6 13 28 FA796012005Netsaving 3050.5 99.1 585.7 112.3 13.7 838.6 27 FA796006385Netsavinglesscapitaltransfers 47.1 0.0 -37.8 2725.0 7 159.1 810.1 89.2 724.4 Capitalaccount 15.6 14.0 2459.7 55.6 68.8 80.8 807.2 4 2421.0 524.4 9 15.6 22.9 680.7 2314.1 26 FA796012005Equals:Netsaving 46.0 208.8 850.5 81.8 263.9 467.5 16.6 2264.9 54.2 2 25 FA796012005Equals:Disposableincome,net 50.6 818.4 2225.5 463.5 201.6 69.4 70.7 244.6 24 FA796403005Less:Othercurrenttransfers(paid) 51.4 450.3 787.5 160.4 23 FA796220001Less:Currenttaxesonincome,wealth,etc.(paid) 74.7 231.5 22 FA796140005Netnationalincome/Balanceofprimaryincomes,net 414.3 59.1 734.2 217.6 67.2 220.7 359.2 21 FA796112001Rentsonlandandnaturalresources 715.7 55.2 112.3 20 FA793192281Reinvestedearningsonforeigndirectinvestment 63.3 210.3 19 FA796122001Withdrawalsfromincomeofquasi-corporations(2) 681.1 159.1 18 FA796121001Dividends 199.2 641.3 57.2 17 FA796120005Distributedincomeofcorporations 80.8 16 FA796130001Interest 190.3 630.1 15 FA796150005Less:Usesofpropertyincome(paid) 56.6 208.8 14 FA793092281ReinvestedearningsonU.S.directinvestmentabroad 181.8 13 FA796121101Distributedincomeofcorporations(dividends) 172.5 12 FA796130101Interest 11 FA796150105Propertyincome(received) 10 FA796402101Operatingsurplus,net 9FA796140005Netnationalincome/Balanceofprimaryincomes,net 8FA796402101Operatingsurplus,net 7FA796240101Taxesonproductionandimportslesssubsidies 6FA796401001Employers’socialcontributions 5FA796020001Wagesandsalaries 4FA796025005Compensationofemployees(paid) 3FA796902605Equals:Netvalueadded 2FA796300081Less:Consumptionoffixedcapital 1FA796902505Grossvalueadded Currentaccount Billions ofdollars S.6.a FinancialBusiness(1) 164

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0 M9036 Itleta rprypout 4. 5. 6. 7. 8. 9. 1. 3. 106 231.2 214.9 199.8 187.3 173.2 164.7 158.7 149.8 101 -541.6 484.9 -712.3 -474.5 96 108 FL713011203 Monetarygold -82.1 133.2 107 FL794090005 Financialassets -213.1 100 -164.4 99 -263.5 -1581.2 106 LM795013765Intellectualproperty products 1596.7 150.7 -94.1 105 LM795013265Equipment 165.1 -531.6 104 LM795013665Structures(nonresidential) 8.8 103 LM795013865Nonfinancialassets (5) -586.7 1077.6 102 FL792000095Totalassets -34.6 -707.0 476.6 -331.1 Balancesheetaccount(endofperiod) 56.8 -163.5 92 2.3 398.8 -926.2 81.5 101 FC792090095Changeinnetworth(lines30+33+80+101) 989.9 357.3 -1701.1 40.6 -517.3 562.7 Changesinbalancesheetaccount -704.0 -282.8 100 FR798200005Changesinnetworthduetonominalholdinggains/losses 147.5 99 FR583152005Insurance,pensionandstandardizedguaranteeschemes 82 -298.8 98 FR793194005Investmentbyparent -84.8 -791.2 97 FR662090003Equityinnoncorporatebusiness 96 FR793192005ForeigndirectinvestmentintheUnitedStates -440.7 -167.4 95 FR653164205Mutualfundshares 94 FR793164105Corporateequityissues -357.1 93 FR794190085Liabilities -50.7 92 FR593052025Insurance,pension,andstandardizedguaranteeschemes 72 91 FR793092005U.S.directinvestmentabroad -243.8 75 5.2 90 FR793064205Mutualfundshares 0.0 62.1 89 FR793064105Corporateequities 88 FR794022005Debtsecurities 9.5 -166.4 78 87 FR794090085Financialassets 0.0 146.5 164.3 70 86 FR795013765Intellectualpropertyproducts 1.0 85 FR795013265Equipment 71 -3.7 0.0 172.9 84 FR795013665Structures(nonresidential) 28.7 76 83 FR795013865Nonfinancialassets 17.3 256.9 1.1 532.7 0.0 37.9 Revaluationaccount 5.3 30.3 448.2 0.0 4.2 66 31.1 171.8 4.3 82 FU797005045Less:Statisticaldiscrepancy(lines33-78)(4) 1203.0 628.9 81 FV798090085Othervolumechanges 0.0 -72.5 2.7 416.3 66.4 80 FV795013865Disasterlosses 2.9 500.2 79 FV798090185Totalothervolumechanges 142.4 0.0 497.8 830.9 66.3 1.3 10.4 -38.4 Otherchangesinvolumeaccount 431.8 742.9 24.7 0.0 1.2 60 586.4 532.1 78 FA795000005Netlending(+)orborrowing(-),financialaccount(lines35-57) 29.1 318.6 570.4 Addendum: 0.5 814.2 20.8 246.9 706.1 77 FA793196005Otheraccountspayable -1.8 346.6 1171.2 76 FA583152005Insurance,pensionandstandardizedguaranteeschemes 351.7 75 FA503194205EquityinvestmentinFederalReservefacilities 74 FA713164005EquityinFederalReserveBanks 220.4 73 FA793194005Investmentbyparent 150.3 72 FA662090003Equityinnoncorporatebusiness 71 FA793192005ForeigndirectinvestmentintheUnitedStates 238.3 70 FA403192405Equityingovernment-sponsoredenterprises(3) 69 FA653164205Mutualfundshares -23.8 68 FA793164105Corporateequityissues 67 FA634090005Moneymarketfundshares 66 FA793181005Equityandinvestmentfundshares 65 FA123165005Longterm(mortgages) 64 FA794141005Shortterm 63 FA794135005Loans 62 FA793169175Commercialpaper 61 FA793163005Corporatebonds 60 FA423161705Agency-andGSE-backedsecurities(3) 59 FA794122005Debtsecurities 58 FA794100005Currencyanddeposits 57 FA794190005Netincurrenceofliabilities Billions ofdollars S.6.a FinancialBusiness(1)

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Integrated Accounts Integrated Accounts 4 L1140 Eut nFdrlRsreBns2. 752. 953. 143. 17147 148 31.7 0.0 145 83.5 32.3 0.0 78.2 31.4 0.0 68.7 30.4 143 48.6 0.0 67.7 29.5 52.2 50.4 144 0.0 28.6 1221.1 45.1 27.5 51.1 1059.1 0.0 149 32609.6 40.8 1185.6 27.4 46.9 0.0 30399.6 1003.9 37.9 30422.4 139 44.2 928.7 38758.8 0.0 28609.8 32625.0 27529.6 897.0 42.9 27125.4 151 FL792090095Networth 34519.4 26177.3 815.5 41.7 30353.2 23502.9 150 FL793196005Otheraccountspayable 28180.6 704.8 133 28389.4 9408.3 41.2 26363.5 149 FL583152005Insurance,pensionandstandardizedguaranteeschemes 22702.2 9089.6 148 FL503194205EquityinvestmentinFederalReservefacilities 8842.7 147 FL713164005EquityinFederalReserveBanks 125 146 FL793194005Investmentbyparent 31.7 8496.1 145 LM662090003Equityinnoncorporatebusiness 8144.4 144 LM793192005ForeigndirectinvestmentintheUnitedStates 129 32.3 7924.0 143 FL403192405Equityingovernment-sponsoredenterprises(3) 110011.1 100501.9 142 LM653164205Mutualfundshares 124 7773.7 101199.1 1135.5 141 LM793164105Corporateequityissues 31.4 7535.4 94415.5 140 FL634090005Moneymarketfundshares 123 90690.2 937.1 139 FL793181005Equityandinvestmentfundshares 34.5 90472.1 30.4 86320.0 1142.3 138 FL123165005Longterm(mortgages) 80158.9 29.5 38.5 137 FL794141005Shortterm 948.8 136 FL794135005Loans 127 28.6 878.5 37.7 8021.4 135 FL793169175Commercialpaper 1029.7 134 FL793163005Corporatebonds 27.5 8669.9 36.3 133 FL423161705Agency-andGSE-backedsecurities(3) 974.3 132 FL794122005Debtsecurities 27.4 7950.6 119 115 900.2 34.4 35643.5 9007.5 8279.3 131 FL794100005Currencyanddeposits 30215.4 8075.8 33.7 7875.4 130 FL794194005Liabilities 32815.0 7569.9 8023.3 33.4 28497.7 7482.2 129 FL792100005Totalliabilitiesandnetworth 26770.6 113 7564.6 6684.8 27285.9 7207.7 33.5 25807.0 128 FL793096005Otheraccountsreceivable 7305.6 21626.3 6831.9 7481.7 127 FL793052005Insurance,pensionandstandardizedguaranteeschemes 7133.1 6937.7 7084.7 126 FL793094005Investmentinsubsidiaries 6670.5 125 FL713164003StockinFederalReserveBanks 6389.2 124 LM793092005U.S.directinvestmentabroad 123 FL793092405Equityingovernment-sponsoredenterprises(3) 6481.4 122 FL793034005Moneymarketfundshares 6206.6 121 LM793064205Mutualfundshares 5996.6 120 LM793064105Corporateequities 119 FL793081005Equityandinvestmentfundshares 118 FL793065005Longterm(mortgages) 117 FL794041005Shortterm 116 FL794035005Loans 115 FL793063005Corporateandforeignbonds 114 FL793062005Municipalsecurities 113 FL793061705Agency-andGSE-backedsecurities(3) 112 FL793061105Treasurysecurities 111 FL793069175Openmarketpaper 110 FL794022005Debtsecurities 109 FL794000005Currencyanddeposits Billions ofdollars S.6.a FinancialBusiness(1) 166 (5) Excludesland.Includescorporateandnoncorporatefinancialbusiness. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatistical betweenthecapitalandfinancialaccounts. (4) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedin capitalaccountandthesameconceptderivedinfinancialaccount.Thediscrepancy theFinancingCorporation,andResolutionFundingtheyincludedStudent LoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (3) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae, FreddieMac,FederalAgriculturalMortgageCorporation,FarmCreditSystem, theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancial records. (2) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporations areunincorporatedenterprisesthatfunctionasiftheywerecorporations; Estimatesfor2000andearlierperiodsarebasedonthe1987StandardIndustrialClassification System;laterestimatesarebasedontheNorthAmericanClassificationSystem. (1) Financialbusinessincludesdepositoryinstitutions,insurancecompanies,pensionfunds,monetary authority,andotherfinancialinstitutions.

Z.1, March11,2021 06. 23. 35. 29. 31. 59. 46. 75. 142 17659.5 14669.8 15899.0 13615.6 12897.2 13150.6 12333.0 10363.5 132 14716.6 131 14282.8 19543.3 13940.9 18688.7 13633.6 130 18194.4 13267.1 112284.9 13353.3 17401.5 102234.1 13259.4 16941.8 103416.2 13287.0 16704.7 95920.3 15766.2 91720.4 13980.5 91420.2 87055.1 79312.7 120 23036.7 18823.3 118 20792.3 15493.6 17305.9 116 14914.2 16290.0 28219.5 14364.6 16521.5 26827.5 15544.0 13808.2 12299.1 25670.2 13342.7 12970.1 24262.1 12818.2 23364.2 12820.4 22724.3 110 21975.7 28694.6 22043.1 26184.0 25880.0 24818.6 23670.1 23623.4 22099.3 21713.4 85031. 10344. 48648. 42849. 146 4591.6 4422.8 4380.8 141 4488.6 140 11488.5 3634.3 4147.0 9272.1 3038.3 4120.3 10054.2 3914.0 137 2848.4 4936.2 8368.7 136 3845.0 5160.5 2731.3 7341.3 4782.2 2742.4 7355.8 5008.5 134 4761.7 2749.1 4910.4 6457.6 5003.8 2733.4 4721.0 4989.2 4762.1 4957.4 2693.2 4670.0 4905.5 4700.9 4656.3 4887.7 4491.0 4703.4 4705.2 4717.2 4689.4 4911.6 4955.5 4944.2 128 4695.9 5129.0 4077.6 126 3978.0 4496.2 4009.0 4328.0 3873.2 4263.6 3835.5 121 6302.9 3735.4 4385.6 3703.0 4112.1 5518.0 4094.8 6031.7 3918.9 5287.2 3877.3 117 5023.1 12725.9 5161.1 114 11913.3 2105.7 4909.8 11305.6 112 4086.8 1977.8 10453.9 9781.6 10021.5 2093.5 9754.2 8867.9 9157.5 2016.3 109 8196.4 2628.4 9222.8 2023.3 8029.0 1978.1 2498.5 7327.1 1875.7 2974.9 7067.7 1981.9 6227.1 2682.9 6003.6 3131.2 3683.2 3522.0 2739.5 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 2. 8. 5. 9. 6. 35312. 461150 151 1496.1 -2273.7 1229.5 -1732.2 1335.3 -2217.1 -1504.8 964.7 -1030.3 895.9 -948.1 959.7 -735.1 846.2 783.5 928.6 138 224.3 226.2 135 397.9 242.0 431.2 236.5 235.4 397.2 231.4 434.0 214.3 433.2 194.4 473.7 541.4 622.6 122 605.9 538.2 516.1 503.4 403.0 416.5 399.1 111 592.1 401.9 630.9 629.1 538.1 624.9 614.6 656.8 646.5

0 F75005 e edn + rbroig() iaca con lns3-5 . . . 1. . 00-. . 50 0.0 -3.2 -0.0 0.0 -18.5 1.1 41 -236.6 0.2 -136.2 10.8 0.3 -22.5 5.1 35 34 50 FA715000005Netlending(+)orborrowing (-),financialaccount(lines35-45) 116.4 0.4 236.1 Addendum: -389.8 563.2 32 -2.6 -2.4 49 FA713193005Otheraccountspayable 73.7 0.8 48 FA713164005Equityshares -31.1 -2.3 47 FA712151003Loans 0.8 -11.4 46 FA714100005Currencyanddeposits 0.6 31 475.6 0.8 45 FA714190005Netincurrenceofliabilities 0.7 1108.0 -17.2 10.5 27 0.8 44 FA713096105Otheraccountsreceivable 0.6 5.8 0.2 43 FA713064103Equityshares 0.8 33 42 FA714041005Loans(shortterm) 0.7 -0.6 -2.6 0.4 41 FA713061705Agency-andGSE-backedsecurities(2) 0.8 -17.5 0.6 -2.4 40 FA713061103Treasurysecurities -2.4 39 FA713069603Openmarketpaper 0.8 0.6 0.5 25 24 38 FA714022005Debtsecurities -2.3 0.2 2.2 0.8 0.6 -17.4 37 FA714000005Currencyanddeposits 0.6 -2.6 36 FA713011203Monetarygold 5.6 2.0 0.5 -17.2 -2.4 21 35 FA714090005Netacquisitionoffinancialassets -0.9 2.0 5.8 23 0.7 0.0 0.5 34 FA715000995Netlending(+)orborrowing(-)(line33) 0.0 -17.6 2.0 -0.6 0.0 -17.4 Financialaccount 0.0 -17.5 1.9 5.6 0.0 20 22 0.0 0.0 1.9 33 FA715000995Netlending(+)orborrowing(-),capitalaccount(lines27-30) -0.9 2.4 17 0.0 19 0.0 55.6 0.0 1.8 0.0 -17.6 32 FA716330085Less:Consumptionoffixedcapital -0.6 0.0 31 FA715013085Grossfixedcapitalformation(nonresidential) 66.3 0.0 0.0 1.6 0.0 30 FA715015085Capitalformation,net -0.3 13 0.0 15 81.3 0.0 14 0.0 0.0 2.5 117.0 29 FA715440083Less:Capitaltransferspaid(net) 0.0 92.2 0.0 28 FA716012005Netsaving 0.0 6 129.8 0.0 0.0 0.0 27 FA716006385Netsavinglesscapitaltransfers -15.5 0.0 118.8 125.0 0.4 0.0 0.0 7.5 98.6 0.0 4 112.6 Capitalaccount 0.0 0.0 0.0 7 0.3 130.2 0.0 81.3 3.0 0.9 0.0 0.0 109.5 0.0 0.0 9 0.3 2 90.1 26 FA716012005Equals:Netsaving 0.0 2.8 89.9 -16.0 2.4 0.0 0.0 0.0 0.0 0.8 0.3 25 FA716012005Equals:Disposableincome,net 96.8 0.0 2.7 -0.6 0.0 0.0 0.0 0.8 24 FA716403001Less:Othercurrenttransfers(paid) 0.3 0.0 2.5 -0.3 23 FA716220001Less:Currenttaxesonincome,wealth,etc.(paid) 0.0 0.0 0.8 22 FA716140005Netnationalincome/Balanceofprimaryincomes,net 0.3 0.0 2.3 2.5 0.0 0.0 0.8 21 FA716112001Rentsonlandandnaturalresources 0.3 0.0 2.3 -15.5 20 FA713192281Reinvestedearningsonforeigndirectinvestment 0.0 19 FA716122001Withdrawalsfromincomeofquasi-corporations(1) 0.8 7.5 0.2 2.2 18 FA716121001Dividends 0.0 17 FA716120005Distributedincomeofcorporations 0.8 0.9 16 FA716130001Interest 2.0 15 FA716150005Less:Usesofpropertyincome(paid) 0.0 0.8 -16.0 14 FA713092281ReinvestedearningsonU.S.directinvestmentabroad 13 FA716121101Distributedincomeofcorporations(dividends) 0.8 12 FA716130101Interest 11 FA716150105Propertyincome(received) 10 FA716402101Operatingsurplus,net 9FA716140005Netnationalincome/Balanceofprimaryincomes,net 8FA716402101Operatingsurplus,net 7FA716240101Taxesonproductionandimportslesssubsidies 6FA716401001Employers’socialcontributions 5FA716020001Wagesandsalaries 4FA716025005Compensationofemployees(paid) 3FA716902605Equals:Netvalueadded 2FA716330085Less:Consumptionoffixedcapital 1FA716902505Grossvalueadded Currentaccount Billions ofdollars S.61.a CentralBank

110-. . 064566-. 5. 42 255.1 -7.9 6.6 4.5 -0.6 1.2 -9.1 -121.0 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 3. 134429-04-58-09-7. 17538 -137.5 -379.5 -10.9 -35.8 -10.4 472.9 1113.4 132.6 1. 0956-7405-. 260228 0.2 -2.6 -2.4 26 0.5 0.2 -17.4 -2.6 5.6 -2.4 -0.9 0.5 -17.6 -17.4 5.6 -0.9 -17.6 0210. 7. . 3. 26-8. 1. 45 116.4 -386.6 -2.6 -31.1 7.1 40 99.1 474.5 1107.8 -243.3 10.2 -21.7 -13.3 -15.6 236.8 550.2 58.9 18 55.6 66.3 81.3 92.2 118.8 12 11 98.6 102.7 102.7 112.3 81.3 112.3 113.6 90.1 113.6 111.1 111.1 113.6 113.6 115.9 115.9 90.5 90.5 80.9 80.9 203200-. . . 30-. 44 46 -1.7 83.9 -3.0 -128.7 0.9 157.7 -45.6 0.1 -197.9 283.2 -2.3 900.1 0.0 -2.0 3.2 -2.0 30 -0.1 -0.2 -0.1 -0.1 -0.2 -0.2 -0.3 -0.1 10 16.7 8 17.0 16.7 11.0 17.0 4.1 11.0 1.0 4.1 1.1 1.0 0.3 1.1 -0.2 0.3 -0.2 . 12-. . . 00110549 48 0.5 -0.6 1.1 0.9 -0.0 0.9 47 43 0.6 1.0 32.6 0.0 1.5 -259.9 0.9 0.0 -161.3 -3.7 12.8 1.1 39 0.0 -1.2 202.6 0.0 0.1 193.9 0.0 37 4.5 0.0 208.7 36 0.5 0.5 0.0 7.3 0.0 0.0 0.5 0.0 0.0 0.0 0.8 0.0 0.0 0.0 0.1 0.0 0.0 0.0 1.9 0.0 0.0 1.4 0.0 0.0 0.4 0.0 0.9 29 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16 61.4 63.5 43.6 20.5 11.3 5 11.0 2.6 8.6 3 2.5 6.7 19.7 2.4 19.8 1 2.2 13.7 20.5 6.6 2.1 20.6 3.4 2.0 14.5 7.4 3.3 1.9 4.1 2.5 1.8 4.1 1.8 3.2 2.6 Z.1, March11,2021 167

Integrated Accounts Integrated Accounts 7 F72005 oa iblte n e ot 18041. 71244. 51248. 16548. 77 4389.8 4106.5 4582.3 4571.2 4642.2 4721.2 4018.4 3178.0 73 1471.1 83 FL712090095Networth 1644.6 1815.3 82 FL713193005Otheraccountspayable 1804.9 81 FL713164005Equityshares 1845.4 1863.0 80 FL712151003Loans 1557.8 79 FL714100005Currencyanddeposits 1079.0 78 FL714190005Liabilities 77 FL712100005Totalliabilitiesandnetworth 76 FL713096105Otheraccountsreceivable 75 FL713064103Equityshares 74 FL714041005Loans(shortterm) 61 73 LM713061705Agency-andGSE-backedsecurities(2) 72 LM713061103Treasurysecurities 166.9 71 FL713069603Openmarketpaper -89.2 70 LM714022005Debtsecurities 59 13.7 166.8 69 FL714000005Currencyanddeposits -39.9 -86.3 68 FL713011203Monetarygold -86.2 13.6 67 FL714090005Financialassets 228.4 -39.9 -267.5 66 LM715013765Intellectualpropertyproducts 60 -67.6 212.2 65 LM715013265Equipment 167.0 227.3 64 LM715013665Structures(nonresidential) -85.8 63 LM712010095Nonfinancialassets(4) -267.6 54 -5.6 13.8 0.3 62 FL712000095Totalassets -39.8 0.7 Balancesheetaccount(endofperiod) -67.4 227.5 -2.3 -267.4 61 FC712090095Changeinnetworth(lines30+33+51+60) 0.6 -5.5 Changesinbalancesheetaccount 1.3 4.7 60 FR718200005Changesinnetworthduetonominalholdinggains/losses -0.8 59 FR714022005Financialassets(debtsecurities) -17.8 58 FR715013765Intellectualpropertyproducts 57 FR715013265Equipment 56 FR715013665Structures(nonresidential) 55 FR712010095Nonfinancialassets Revaluationaccount 54 FU717005045Less:Statisticaldiscrepancy(lines33-50)(3) 53 FV718090085Othervolumechanges 52 FV712010095Disasterlosses 51 FV718090185Totalothervolumechanges Otherchangesinvolumeaccount Billions ofdollars S.61.a CentralBank 168 (4) Excludesland. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatistical betweenthecapitalandfinancialaccounts. (3) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedin capitalaccountandthesameconceptderivedinfinancialaccount.Thediscrepancy theFinancingCorporation,andResolutionFundingtheyincludedStudent LoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae, FreddieMac,FederalAgriculturalMortgageCorporation,FarmCreditSystem, theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancial records. (1) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporations areunincorporatedenterprisesthatfunctionasiftheywerecorporations;

Z.1, March11,2021 76738. 90037. 76638. 75633. 79 3839.5 78 3755.6 3884.3 4216.6 3726.6 4100.2 3772.2 4486.8 3970.0 4489.4 3686.8 4520.5 2786.7 4513.4 4038.9 2931.1 72 2540.7 70 2338.0 2633.0 4011.9 2640.7 3982.6 2675.9 4448.3 2736.3 4445.6 2341.3 4521.3 67 1974.3 4599.3 4379.1 3899.1 4095.9 3053.3 4572.0 4561.0 4632.0 4711.0 4008.1 62 3167.7 4389.8 4106.5 4582.3 4571.2 4642.2 4721.2 4018.4 3178.0 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 4. 2. 0. 2. 189. . 7. 83 173.2 6.3 95.5 80 81.8 336.6 121.6 304.0 207.8 564.0 -20.6 725.2 246.9 712.4 509.8 315.9 107.2 53 0.0 0.0 51 -0.3 0.0 -0.7 0.0 2.3 0.0 -0.6 0.0 -1.3 0.0 -4.7 0.8 217.5 235.4 742. 862. 043. 233. 81 31.7 32.3 31.4 30.4 76 29.5 26.9 28.6 28.3 27.5 30.9 27.4 31.7 31.5 69 32.3 68 70.0 11.0 29.4 69.7 11.0 24.9 69.6 11.0 67.1 11.0 63 67.0 11.0 10.7 66.7 11.0 10.6 68.1 11.0 10.3 69.0 11.0 10.2 10.2 10.2 10.2 10.3 0000-. 00-. . . . 58 0.0 0.0 0.0 -0.0 52 -0.0 0.0 -0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 ...... 82 8.7 8.2 7.1 7.2 6.5 75 0.0 5.0 74 0.0 259.4 8.7 4.3 71 0.0 9.8 0.0 12.2 0.0 0.0 5.6 0.0 0.0 1.1 0.0 0.0 1.7 66 0.0 65 1.0 0.0 0.4 64 1.1 0.0 8.6 1.0 0.0 9.5 1.2 8.4 0.9 0.0 1.3 8.1 0.9 0.0 1.3 8.0 0.8 1.4 8.0 0.8 1.5 7.9 0.8 1.6 7.9 0.8 1.7 7.8 56 57 55 0.3 -0.0 0.3 0.4 0.0 0.4 0.2 0.0 0.2 0.1 -0.0 0.1 -0.0 0.2 0.1 -0.0 0.2 0.2 -0.0 0.2 0.2 0.0 0.1 0.1

5 F73405 nuac,pninadsadrie urne cee ...... 55 6.7 49 52 3.5 -4.6 3.9 0.5 -0.2 6.4 12.7 1.4 5.6 -8.0 2.0 6.6 -8.4 -0.9 43 5.7 3.1 115.1 39 -0.0 52.4 2.8 5.8 -2.9 -1.1 168.1 -0.2 38 7.4 -14.6 -2.1 144.4 -7.1 -0.3 140.5 56 FA703093005 Otheraccountsreceivable -393.1 35 -0.4 5.7 194.8 55 FA763040005Insurance,pension andstandardizedguaranteeschemes 761.0 34 -211.0 -0.5 61.6 417.5 54 FA713164003StockinFederalReserve Banks 44.0 -387.6 53 FA763092000U.S.directinvestment abroad 866.7 -1.5 49.5 52 FA703092405Equityingovernment-sponsored enterprises(2) 148.9 81.8 51 FA703064205Mutualfundshares 32 731.9 730.9 -3.2 50 FA703064105Corporateequities 45.2 137.5 49 FA703081005Equityandinvestment fundshares 521.7 -69.7 1.2 94.9 41.6 949.0 48 FA703065005Longterm(mortgages) 31 47 FA704041005Shortterm 78.4 969.2 38.3 54.9 46 FA704035005Loans 472.6 79.0 36.2 45 FA703063005Corporateandforeignbonds 51.7 33 44 FA703062005Municipalsecurities 107.0 44.0 34.3 43 FA703061705Agency-andGSE-backedsecurities(2) 44.1 42 FA703061105Treasurysecurities 84.8 81.8 33.4 41 FA703069175Openmarketpaper 40.5 40 FA704022005Debtsecurities 137.5 33.5 36.5 39 FA403197033DepositsatFederalHomeLoanBanks 94.9 38 FA713113003ReservesattheFederalReserve 33.0 29.0 21 37 FA703025005Vaultcash 0.0 78.4 36 FA704000005Currencyanddeposits 28.1 79.0 35 FA704090005Netacquisitionoffinancialassets 0.0 23 30.5 27.2 34 FA705000995Netlending(+)orborrowing(-)(line33) 20 107.0 0.0 6.3 84.8 Financialaccount 25.6 19 0.0 0.1 17 6.6 22.8 22 181.8 33 FA705000995Netlending(+)orborrowing(-),capitalaccount(lines27-30) 0.0 0.1 90.3 34.9 5.0 13 164.3 32 FA706300081Less:Consumptionoffixedcapital 15 2.4 31 FA705013081Grossfixedcapitalformation(nonresidential) 126.6 121.5 36.0 0.0 517.1 0.1 4.1 30 FA705015085Capitalformation,net 184.5 2.7 102.7 459.1 37.4 14 0.0 29 FA705440083Less:Capitaltransferspaid(net) 0.1 4.4 142.2 104.4 348.9 7.4 28 FA706012005Netsaving 2.1 24.8 27 FA706006385Netsavinglesscapitaltransfers 123.9 0.0 89.9 296.6 0.1 5.7 -10.0 29.5 Capitalaccount 118.7 2.0 274.0 7 84.0 0.1 14.4 5.9 132.7 241.5 12.0 3.0 96.2 2 4 26 FA706012005Equals:Netsaving 12.2 117.3 9 233.4 0.1 5.7 11.6 45.2 211.0 90.3 2.7 25 FA706012005Equals:Disposableincome,net 266.0 13.9 0.2 11.4 208.3 41.6 24 FA706403001Less:Othercurrenttransfers(paid) 126.6 15.3 2.4 183.1 23 FA706220001Less:Currenttaxesonincome,wealth,etc.(paid) 10.8 184.5 38.3 22 FA706140005Netnationalincome/Balanceofprimaryincomes,net 18.9 181.8 2.2 10.1 142.2 36.2 21 FA706112001Rentsonlandandnaturalresources 180.3 17.6 20 FA703192281Reinvestedearningsonforeigndirectinvestment 123.9 10.2 34.3 19 FA706122001Withdrawalsfromincomeofquasi-corporations(1) 169.6 118.7 18 FA706121001Dividends 10.1 170.8 17 FA706120005Distributedincomeofcorporations 33.4 132.7 16 FA706130001Interest 167.5 9.2 15 FA706150005Less:Usesofpropertyincome(paid) 33.5 117.3 14 FA703092281ReinvestedearningsonU.S.directinvestmentabroad 13 FA706121101Distributedincomeofcorporations(dividends) 33.0 12 FA706130101Interest 11 FA706150105Propertyincome(received) 10 FA706402101Operatingsurplus,net 9FA706140005Netnationalincome/Balanceofprimaryincomes,net 8FA706402101Operatingsurplus,net 7FA706240101Taxesonproductionandimportslesssubsidies 6FA706401001Employers’socialcontributions 5FA706020001Wagesandsalaries 4FA706025005Compensationofemployees(paid) 3FA706902605Equals:Netvalueadded 2FA706300081Less:Consumptionoffixedcapital 1FA706902505Grossvalueadded Currentaccount Billions ofdollars S.62.a PrivateDepositoryInstitutions

0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 7. 4. 4. 4. 9. 0. 0. 8. 47 46 281.5 496.4 604.9 775.2 306.8 522.8 293.2 40 590.7 447.8 237.0 703.0 446.4 98.7 596.3 144.2 133.7 136.4 374.0 293.6 392.3 203.0 181.5 91.8 183.9 16 329.0 288.2 12 222.4 11 366.0 375.8 189.8 337.9 330.6 165.2 290.7 307.2 145.9 265.3 279.5 143.5 5 258.1 275.0 164.1 180.9 3 247.6 265.6 176.9 454.6 260.3 281.6 155.9 475.0 291.5 1 311.3 155.1 420.7 499.8 153.9 351.9 516.6 144.7 313.3 459.0 145.9 274.4 388.1 143.1 265.4 347.6 248.7 307.8 298.9 281.7 3. . 29725. 47-172. 56 20.3 -71.7 -4.7 50 59.7 0.8 7.2 2.5 12.9 -2.0 7.9 -6.9 45 -35.0 2.0 23.8 0.7 -38.2 -17.5 -1.5 -19.9 -10.5 -20.7 -49.3 36 3.1 -2.9 -21.5 -388.4 195.7 -209.7 -389.6 149.5 730.3 -61.5 84-. 4. 5. 9. 1. 7. 1. 48 214.9 170.3 44 -29.1 216.0 -40.0 297.5 42 255.2 126.7 20.4 149.9 124.3 47.2 -7.8 -37.3 45.3 121.9 18.4 32.7 37.9 54.7 192.4 68.4 -27.6 87.6 28 27 53.7 53.7 91.9 91.9 153.1 26 143.3 99.2 53.7 25 99.2 80.6 53.7 91.9 80.6 74.6 91.9 153.1 74.6 99.2 101.6 153.1 101.6 82.3 99.2 80.6 82.3 80.6 74.6 18 74.6 181.7 101.6 164.2 82.3 101.6 121.4 82.3 102.6 10 104.3 231.6 89.8 6 8 255.1 83.9 30.1 231.6 226.2 255.1 96.0 31.4 159.3 226.2 122.9 27.2 159.3 94.6 26.7 122.9 84.5 26.4 94.6 72.0 24.9 84.5 24.9 72.0 24.4 160422-. 221. . . 53 9.6 51 1.4 -1.8 -5.5 12.2 -2.2 0.2 -9.3 -1.9 2.2 -1.0 0.4 -0.8 -0.8 -1.6 -0.9 30 9.6 10.2 5.7 4.3 2.2 -4.4 -5.3 -2.5 ...... 0654 -0.6 0.9 0.9 1.0 0.9 1.1 41 0.1 0.5 0.5 0.2 37 1.4 -0.0 0.0 4.9 0.0 1.2 0.0 1.8 0.0 -1.5 2.1 0.0 29 2.5 0.0 7.1 0.0 9.8 0.0 24 0.0 9.4 0.0 9.1 0.0 8.6 0.0 8.1 7.3 6.7 6.3 5.5 Z.1, March11,2021 169

Integrated Accounts Integrated Accounts 0 M0030 oprt n oeg od 9. 7. 3. 9. 8. 7. 1. 5. 105 654.6 611.8 99 670.8 10.4 682.5 7.6 695.7 103 733.8 2634.4 7.8 779.5 2445.5 98 2422.6 8.1 797.1 1548.8 2253.0 1556.0 2127.8 8.5 1949.0 2031.1 1754.2 9.1 1970.8 1965.2 1961.0 2352.8 10.6 2203.9 1473.0 13.7 105 LM703063005 Corporateandforeignbonds 104 LM703062005Municipalsecurities 89 103 LM703061705Agency-andGSE-backed securities(2) -455.2 102 LM703061105Treasurysecurities 101 FL703069175Openmarketpaper 128.3 100 LM704022005Debtsecurities -194.7 99 FL403197033DepositsatFederal HomeLoanBanks -302.4 98 FL713113003ReservesattheFederal Reserve 86 3.9 97 FL703025005Vaultcash 63.0 96 FL704000005Currencyanddeposits -85.7 -60.8 95 FL704090005Financialassets 88 -304.6 42.7 94 LM705013765Intellectualpropertyproducts -233.8 -328.8 93 LM705013265Equipment 27.7 183.7 92 LM705013665Structures(nonresidential) 91 LM702010095Nonfinancialassets(4) -141.0 -22.3 -238.1 90 FL702000095Totalassets -19.8 -77.0 Balancesheetaccount(endofperiod) 56.2 -12.8 50.9 -281.1 89 FC702090095Changeinnetworth(lines30+33+71+88) -150.4 Changesinbalancesheetaccount 74 114.2 88 FR708200005Changesinnetworthduetonominalholdinggains/losses 223.8 87 FR703194005Investmentbyparent 38.3 86 FR753192003ForeigndirectinvestmentintheUnitedStates 85 FR763164103Corporateequityissues 141.1 84 FR703181105Liabilities 49.4 83 FR763092000U.S.directinvestmentabroad 67 82 FR703064205Mutualfundshares 182.3 81 FR703064105Corporateequities 1.7 80 FR704022005Debtsecurities -10.1 65 79 FR704090085Financialassets 7.1 182.8 102.5 70 78 FR705013765Intellectualpropertyproducts -70.1 50.1 77 FR705013265Equipment 7.6 76 FR705013665Structures(nonresidential) -142.0 17.2 75 FR702010095Nonfinancialassets 10.9 99.2 182.8 Revaluationaccount 0.4 -46.2 48.3 29.0 74 FU707005045Less:Statisticaldiscrepancy(lines33-70)(3) 3.7 192.4 73 FV708090085Othervolumechanges -103.4 72 FV702010095Disasterlosses 87.6 8.8 71 FV708090185Totalothervolumechanges 117.0 110.9 -97.9 Otherchangesinvolumeaccount -2.3 70 FA705000005Netlending(+)orborrowing(-),financialaccount(lines35-57) Addendum: 69 FA703196005Otheraccountspayable 68 FA703194005Investmentbyparent 67 FA753192003ForeigndirectinvestmentintheUnitedStates 66 FA763164103Corporateequityissues 65 FA703181105Equityandinvestmentfundshares 64 FA704141005Loans(shortterm) 63 FA703169175Commercialpaper 62 FA763163005Corporatebonds 61 FA704122005Debtsecurities 60 FA703130205Otherdeposits 59 FA703127005Checkabledeposits 58 FA704100005Currencyanddeposits 57 FA704190005Netincurrenceofliabilities Billions ofdollars S.62.a PrivateDepositoryInstitutions 170

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2 M5120 oeg ietivsmn nteUie tts253302341223309312375323128 382.3 126 317.5 4568.3 4025.6 371.2 4281.7 320.9 3950.7 282.3 3534.4 3513.4 304.1 3257.1 320.2 2901.4 255.3 114 31.7 131 FL702090095Networth 117 32.3 130 FL703196005Otheraccountspayable 20520.1 113 19642.3 297.5 31.4 19253.0 129 FL703194005Investmentbyparent 18366.5 250.3 128 LM753192003ForeigndirectinvestmentintheUnitedStates 17657.4 30.4 112 127 LM763164103Corporateequityissues 17188.1 299.3 28.5 126 FL703181105Equityandinvestmentfundshares 16157.5 29.5 241.9 15341.8 109 33.1 115 125 FL704141005Loans(shortterm) 570.3 178.8 242.4 28.6 479.5 32.6 124 FL703169175Commercialpaper 172.1 280.5 123 FL763163005Corporatebonds 27.5 558.0 31.3 122 FL704122005Debtsecurities 168.2 317.2 27.4 465.4 161.8 282.3 121 FL703130205Otherdeposits 29.2 453.7 120 FL703127005Checkabledeposits 156.2 119 FL704100005Currencyanddeposits 30.2 505.1 149.6 118 FL704194005Liabilities 30.2 532.0 143.8 117 FL702100005Totalliabilitiesandnetworth 460.5 31.3 138.1 116 FL703093005Otheraccountsreceivable 115 FL763040005Insurance,pensionandstandardizedguaranteeschemes 114 FL713164003StockinFederalReserveBanks 113 LM763092000U.S.directinvestmentabroad 112 FL703092405Equityingovernment-sponsoredenterprises(2) 111 LM703064205Mutualfundshares 110 LM703064105Corporateequities 109 FL703081005Equityandinvestmentfundshares 108 FL703065005Longterm(mortgages) 107 FL704041005Shortterm 106 FL704035005Loans Billions ofdollars S.62.a PrivateDepositoryInstitutions (4) Excludesland. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatisticalbetweenthecapitalfinancialaccounts. (3) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedincapitalaccountandsameconceptfinancialaccount. theFinancingCorporation,andResolutionFundingtheyincludedStudentLoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae,FreddieMac,AgriculturalMortgageCorporation,FarmCreditSystem, theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancialrecords. (1) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporationsareunincorporatedenterprisesthatfunctionasiftheywerecorporations;

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Integrated Accounts Integrated Accounts 5 F63953 urnyaddpst fnigareet)-. 907629671. . . 55 6.2 3.1 12.0 50 6.7 0.6 2.9 52 0.5 46 29.7 7.6 -79.7 0.4 79.2 -9.0 -104.3 -0.7 0.4 84.9 -58.5 -91.9 0.5 55.2 40 3.3 30.8 0.1 4.9 -42.3 1.8 56 FA524141005 Loans(shortterm) 0.9 21.8 -26.7 27.9 55 FA673090543 Currencyanddeposits(fundingagreements) 0.1 7.3 12.3 30.3 54 FA524190005Netincurrenceofliabilities 35 15.7 34 53 FA523096005Otheraccountsreceivable 201.8 88.4 -8.6 52 FA523052005Insurance,pension andstandardizedguaranteeschemes 246.1 57.2 -13.2 51 FA523092005U.S.directinvestment abroad 180.8 32 50 FA523092405Equityingovernment-sponsored enterprises(2) -12.7 9.3 216.0 49 FA523034005Moneymarketfund shares 29 39.0 -25.1 48 FA523064205Mutualfundshares 239.1 0.0 47 FA523064105Corporateequities 28.1 36.7 175.3 46 FA523081005Equityandinvestmentfundshares 31 27 122.7 16.9 36.3 43.9 35.2 45 FA523065005Longterm(mortgages) 93.4 123.4 44 FA524041005Shortterm 59.8 33 60.2 43 FA524035005Loans 33.8 40.8 88.4 61.3 39.0 0.0 42 FA523063005Corporateandforeignbonds 32.1 38.6 37.3 57.2 41 FA523062005Municipalsecurities 12.7 31.0 40 FA523061705Agency-andGSE-backedsecurities(2) 0.0 25 38.9 39 FA523061105Treasurysecurities 9.3 33.2 93.4 29.3 38 FA523069105Openmarketpaper 0.0 38.0 37 FA524022005Debtsecurities 42.2 27.2 24 28.1 78.2 21 31.7 0.0 36 FA523020005Currencyanddeposits 60.5 42.5 36.3 0.0 72.8 33.3 14.3 43.0 35 FA524090005Netacquisitionoffinancialassets 16.9 59.8 27.8 33.2 0.0 23 38.0 34 FA525000995Netlending(+)orborrowing(-)(line33) 39.0 -1.0 25.0 42.2 20 Financialaccount 0.0 37.3 17 9.0 29.3 60.5 19 28.5 22 15.1 3.3 0.0 43.0 -12.3 160.8 33 FA525000995Netlending(+)orborrowing(-),capitalaccount(lines27-30) 10.2 26.9 28.2 -42.6 52.3 123.6 32 FA526300081Less:Consumptionoffixedcapital 0.0 3.8 0.3 38.3 -70.2 15 31 FA525013081Grossfixedcapitalformation(nonresidential) 32.5 98.7 30 FA525015085Capitalformation,net 0.0 374.4 -69.3 42.2 3.7 14 6.6 13 22.9 100.8 29 FA525440083Less:Capitaltransferspaid(net) 390.4 38.5 0.5 0.0 13.3 28 FA526012005Netsaving 72.1 4.3 8.1 18.8 6 27 FA526006385Netsavinglesscapitaltransfers 376.6 33.1 0.0 46.7 -4.0 56.4 20.1 24.2 2.3 4.5 372.1 Capitalaccount 28.5 5.9 23.4 18.2 385.4 7 5.6 2.2 24.0 5.0 9 357.9 22.8 26 FA526012005Equals:Netsaving 32.2 11.5 17.9 2 4 160.8 -2.1 326.0 5.1 2.9 23.1 25 FA526012005Equals:Disposableincome,net 18.9 39.0 163.1 46.0 340.4 123.6 4.1 22.2 3.7 24 FA526403001Less:Othercurrenttransfers(paid) 17.2 155.5 98.7 36.7 31.7 23 FA526220001Less:Currenttaxesonincome,wealth,etc.(paid) 21.9 11.0 22 FA526140005Netnationalincome/Balanceofprimaryincomes,net 16.2 150.4 100.8 35.2 40.3 21.0 12.6 15.5 21 FA526112001Rentsonlandandnaturalresources 143.4 72.1 38.6 20.6 20 FA523192281Reinvestedearningsonforeigndirectinvestment 10.8 33.8 143.7 19 FA526122001Withdrawalsfromincomeofquasi-corporations(1) 56.4 33.9 20.1 138.4 18 FA526121001Dividends 32.1 5.9 17 FA526120005Distributedincomeofcorporations 133.9 23.9 16 FA526130001Interest 31.0 132.1 15 FA526150005Less:Usesofpropertyincome(paid) 11.5 22.9 29.3 14 FA523092281ReinvestedearningsonU.S.directinvestmentabroad 13 FA526121101Distributedincomeofcorporations(dividends) 27.2 12 FA526130101Interest 11 FA526150105Propertyincome(received) 10 FA526402101Operatingsurplus,net 9FA526140005Netnationalincome/Balanceofprimaryincomes,net 8FA526402101Operatingsurplus,net 7FA526240101Taxesonproductionandimportslesssubsidies 6FA526401001Employers’socialcontributions 5FA526020001Wagesandsalaries 4FA526025005Compensationofemployees(paid) 3FA526902605Equals:Netvalueadded 2FA526300081Less:Consumptionoffixedcapital 1FA526902505Grossvalueadded Currentaccount Billions ofdollars S.63.a InsuranceCompanies 172

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Integrated Accounts Integrated Accounts 1 L2110 Eut n netetfn hrs63270671776280299384010. 112 114 1007.6 376.3 834.0 110 324.2 969.3 92.3 (4) Excludesland. 116 365.4 850.2 reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatisticalbetweenthecapitalfinancialaccounts. 8216.7 86.0 (3) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedincapitalaccountandsameconceptfinancialaccount. 309.1 786.2 7701.5 theFinancingCorporation,andResolutionFundingtheyincludedStudentLoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. 287.8 771.7 83.0 (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae,FreddieMac,AgriculturalMortgageCorporation,FarmCreditSystem, 7668.3 108 230.0 theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancialrecords. 710.6 11454.5 7236.6 (1) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporationsareunincorporatedenterprisesthatfunctionasiftheywerecorporations; 10265.6 71.0 197.0 6939.2 623.2 10409.4 6826.2 202.6 64.3 118 FL522090095Networth 9738.0 6592.3 9297.7 6193.2 61.5 117 FL523196005Otheraccountspayable 9315.7 8863.4 53.8 116 FL523152005Insurance,pensionandstandardizedguaranteeschemes 8548.4 62.8 115 FL523194735Investmentbyparent 114 LM523192005ForeigndirectinvestmentintheUnitedStates 113 LM523164105Corporateequityissues 112 FL523181105Equityandinvestmentfundshares 111 FL524141005Loans(shortterm) 110 FL673090543Currencyanddeposits(fundingagreements) 109 FL524194005Liabilities 108 FL522100005Totalliabilitiesandnetworth Billions ofdollars S.63.a InsuranceCompanies 174

Z.1, March11,2021 58087. 47584. 95092. 5051320109 10332.0 9530.5 9625.4 8985.0 8545.3 8427.5 8076.4 7558.0 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 9. 8. 8. 5. 5. 8. 3. 125118 1122.5 117 735.1 905.6 784.1 800.3 753.0 805.4 113 752.4 734.1 618.5 888.2 672.3 498.9 787.0 691.1 990.4 583.3 645.1 612.9 523.5 481.9 524.9 497.6 392.2 841. 681. 762. 081. 115 12.8 10.8 20.6 111 109.9 17.6 108.7 16.5 99.4 16.8 93.2 15.9 83.3 28.4 77.0 74.6 65.9

4 F53675 gny n S-akdscrte 2 1. 542. 1. 093. 553. 54 38.1 25.5 34.2 10.9 46 -0.0 47 -11.7 412.8 20.0 0.0 295.0 -5.4 0.0 484.8 -11.6 332.8 0.0 325.1 0.0 319.1 470.3 -0.0 463.6 43 0.0 42 44 1377.5 56 FA593063005 Corporateandforeignbonds 41 8.8 149.8 1306.8 55 FA593062045 Municipalsecurities 38 0.0 45 690.4 54 FA593061705 Agency-andGSE-backedsecurities(2) 1247.4 159.3 -113.9 34 150.9 53 FA593061105Treasurysecurities 7.4 1176.5 678.2 -0.0 -107.2 52 FA593069105Openmarketpaper 155.0 164.6 40 1160.5 51 FA594022005Debtsecurities 653.0 -161.7 7.5 171.5 33.4 1107.6 167.9 0.0 -114.6 636.2 50 FA593030005Timeandsavingsdeposits 1049.5 173.6 166.8 49 FA593020005Currencyandtransferable deposits 31.8 -90.0 6.8 943.6 626.4 0.0 48 FA594000005Currencyanddeposits 195.3 141.3 31 -64.3 31.4 608.8 6.5 201.7 47 FA594090005Netacquisitionoffinancial assets 0.0 0.0 121.0 -65.2 595.5 29.1 212.7 127.1 46 FA595000995Netlending(+)orborrowing(-)(line33) 6.1 33 0.0 -99.2 0.0 579.0 26.5 146.7 -0.0 Financialaccount 5.7 0.0 -0.0 24.8 0.0 45 FA596403053Less:netchangeinassetsfromcurrenttransactionforDCplans 5.1 0.0 0.0 23.1 44 FA596403043Less:netchangeinbenefitentitlementsfromDBplans 0.0 43 FA596403033Less:benefitpaymentsandwithdrawals 21.7 0.0 0.0 0.0 42 FA596403023Less:pensionservicechargefordefinedcontribution(DC)plans 24 41 FA596403163Householdpensioncontributionsupplements 0.0 -0.0 0.0 21 40 FA596403013Less:pensionservicechargesfordefinedbenefit(DB)plans 23 39 FA596403153Actualhouseholdcontributions 0.0 0.0 0.0 -0.0 0.0 38 FA596403143Imputedemployercontributions 37 FA596403133Actualemployercontributions 0.0 0.0 0.0 22 36 FA596403125Claimstopensionbenefits 0.0 0.0 35 FA596403115Contributionsreceived 0.0 20 0.0 0.0 0.0 0.0 0.0 34 FA596403105Othercurrenttransfersreceived,net(line24) 19 0.0 Addenda: 0.0 0.0 0.0 0.0 0.0 17 0.0 33 FA595000995Netlending(+)orborrowing(-),capitalaccount(lines27-30) -0.0 0.0 0.0 193.5 0.0 0.0 15 14 0.0 32 FA596300081Less:Consumptionoffixedcapital 187.4 0.0 0.0 690.4 0.0 0.0 0.0 31 FA595013081Grossfixedcapitalformation(nonresidential) 0.0 177.9 30 FA595015085Capitalformation,net 0.0 678.2 0.0 0.0 0.0 0.0 166.8 0.0 0.0 29 FA595440083Less:Capitaltransfers(net) 653.0 9 7 0.0 28 FA596012005Netsaving 13 160.5 0.0 636.2 0.0 0.0 27 FA596006385Netsavinglesscapitaltransfers 0.0 0.0 0.0 193.5 0.0 153.2 0.0 626.4 Capitalaccount 187.4 0.0 0.0 0.0 142.1 0.0 0.0 608.8 177.9 0.0 128.7 595.5 0.0 0.0 0.0 0.0 26 FA596012005Equals:Netsaving 0.0 166.8 579.0 160.5 25 FA596012005Equals:Disposableincome,net 0.0 0.0 0.0 0.0 153.2 24 FA596403105Plus:Othercurrenttransfersreceived,net 0.0 23 FA596220001Less:Currenttaxesonincome,wealth,etc.(paid) 0.0 0.0 142.1 22 FA596140005Netnationalincome/Balanceofprimaryincomes,net 128.7 0.0 0.0 0.0 21 FA596112001Rentsonlandandnaturalresources 20 FA593192281Reinvestedearningsonforeigndirectinvestment 19 FA596122001Withdrawalsfromincomeofquasi-corporations(1) 0.0 0.0 18 FA596121001Dividends 17 FA596120005Distributedincomeofcorporations 0.0 0.0 16 FA596130001Interest 15 FA596150005Less:Usesofpropertyincome(paid) 14 FA593092281ReinvestedearningsonU.S.directinvestmentabroad 13 FA596121101Distributedincomeofcorporations(dividends) 12 FA596130101Interest 11 FA596150105Propertyincome(received) 10 FA596402101Operatingsurplus,net 9FA596140005Netnationalincome/Balanceofprimaryincomes,net 8FA596402101Operatingsurplus,net 7FA596240101Taxesonproductionandimportslesssubsidies 6FA596401001Employers’socialcontributions 5FA596020001Wagesandsalaries 4FA596025005Compensationofemployees(paid) 3FA596902605Equals:Netvalueadded 2FA596300081Less:Consumptionoffixedcapital 1FA596902505Grossvalueadded Currentaccount Billions ofdollars S.64.a PensionFunds

33017. 43817. 54917. 60717. 35 1678.2 1630.7 1570.2 1514.9 1475.4 1423.8 1378.3 1303.0 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 1. 1. 0. 43-624. 12-2556 -62.5 41.2 53 120.5 45.0 51 388.3 89.6 -36.2 33.5 448.5 44.3 170.0 115.0 103.4 56.3 156.2 110.7 85.4 113.4 117.5 122.9 237.1 148.4 239.3 252.6 39 468.6 37 445.8 36 675.3 996.7 428.7 653.2 959.9 400.6 689.3 924.8 380.2 628.7 885.6 352.8 591.9 855.6 329.8 557.5 821.2 311.1 547.1 788.5 538.9 729.1 18 193.5 16 187.4 496.8 177.9 490.8 12 166.8 475.1 11 496.8 160.5 690.4 469.4 490.8 153.2 678.2 465.8 475.1 142.1 653.0 455.6 469.4 128.7 636.2 453.4 465.8 626.4 450.3 455.6 608.8 453.4 595.5 450.3 579.0 171. . 361. . 72-. 52 -6.6 50 4.3 -7.2 1.6 -5.4 3.3 11.2 -3.6 -0.2 0.5 -4.1 10.2 1.2 -1.7 6.1 -2.3 . . 02010207070055 0.0 0.7 0.7 49 2.0 0.2 48 6.3 -6.9 0.1 -12.3 -5.6 -0.2 -2.3 -0.8 0.9 -1.0 3.6 0.1 -0.5 5.8 6.9 3.7 9.8 3.9 1.7 32 0.0 30 0.0 0.0 29 0.0 28 0.0 0.0 27 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26 0.0 0.0 -0.0 0.0 25 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 0.0 0.0 10 0.0 0.0 0.0 8 0.0 0.0 6 5 0.0 0.0 4 0.0 0.0 3 0.0 0.0 0.0 0.0 0.0 2 0.0 0.0 0.0 0.0 0.0 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Z.1, March11,2021 175

Integrated Accounts Integrated Accounts 0 L9010 Eut n netetfn hrs70. 36984. 40380. 03. 4631800102 10850.0 9476.3 106 6888.2 10333.0 8905.5 7577.6 96 8470.3 91 6945.2 406.4 37.7 7369.2 8642.2 356.0 8336.9 7230.6 46.1 312.4 7009.6 6766.1 6691.0 277.2 53.0 5932.4 268.0 58.6 289.6 59.4 106 FL593052025 Insurance,pensionandstandardizedguarantee schemes 263.7 55.8 105 FL593034005 Moneymarketfundshares 285.4 104 LM593064205Mutualfundshares 50.0 103 LM593064105Corporateequities 102 FL593081005Equityandinvestment fundshares 46.3 101 FL593065005Longterm(mortgages) 100 FL594041005Shortterm 83 99 FL594035005Loans -53.4 98 LM593063005Corporateandforeignbonds 16.0 97 LM593062045Municipalsecurities 96 LM593061705Agency-andGSE-backedsecurities(2) 26.1 95 LM593061105Treasurysecurities 94 FL593069105Openmarketpaper 30.3 81 93 LM594022005Debtsecurities 1201.4 14.8 92 FL593030005Timeandsavingsdeposits -411.5 82 91 FL593020005Currencyandtransferabledeposits -10.1 789.8 90 FL594000005Currencyanddeposits -26.2 363.9 -21.1 16.0 89 FL594090005Financialassets -103.7 -13.2 88 LM595013765Intellectualpropertyproducts 26.1 277.8 87 LM595013265Equipment 80 86 LM595013665Structures(nonresidential) 30.3 707.2 85 LM592010095Nonfinancialassets(4) -926.2 392.6 14.8 357.3 71 84 FL592000095Totalassets 0.0 -704.0 -10.1 Balancesheetaccount(endofperiod) -282.8 -21.1 -0.1 147.5 -13.2 83 FC592090095Changeinnetworth(lines30+33+68+82) -298.8 0.1 Changesinbalancesheetaccount -791.2 0.1 -440.7 82 FR598200005Changesinnetworthduetonominalholdinggains/losses -0.1 81 FR594190005Liabilities(pensionentitlements) -0.2 67 80 FR593052025Insurance,pension,andstandardizedguaranteeschemes -0.0 79 FR593064205Mutualfundshares -0.3 78 FR593064105Corporateequities 77 FR594022005Debtsecurities 0.1 0.6 76 FR594090085Financialassets 66 -0.1 412.8 75 FR595013765Intellectualpropertyproducts 74 FR595013265Equipment 294.9 -0.1 73 FR595013665Structures(nonresidential) 60 72 FR592010095Nonfinancialassets 485.0 0.1 -105.8 332.9 Revaluationaccount 64 -198.4 210.4 325.0 0.2 -68.6 71 FU597005045Less:Statisticaldiscrepancy(lines33-67)(3) 214.6 318.9 -229.2 70 FV598090085Othervolumechanges 0.3 173.9 470.0 69 FV592010095Disasterlosses 7.8 68 FV598090185Totalothervolumechanges 335.4 464.1 -0.6 -213.5 Otherchangesinvolumeaccount 246.9 -256.7 256.4 -73.1 67 FA595000005Netlending(+)orborrowing(-),financialaccount(lines47-66) 451.8 Addendum: 252.4 66 FA594190005Netincurrenceofliabilities(pensionentitlements) 65 FA593093005Otheraccountsreceivable 64 FA593052025Insurance,pensionandstandardizedguaranteeschemes 63 FA593034005Moneymarketfundshares 62 FA593064205Mutualfundshares 61 FA593064105Corporateequities 60 FA593081005Equityandinvestmentfundshares 59 FA593065005Longterm(mortgages) 58 FA594041005Shortterm 57 FA594035005Loans Billions ofdollars S.64.a PensionFunds 176

Z.1, March11,2021 74. 90. 00. 01. 12. 23. 29. 43. 89 24233.4 22592.3 22632.6 21226.0 20413.0 20106.9 19402.6 84 17148.5 24242.4 22601.1 22641.1 21234.1 20421.0 20114.9 19410.7 17156.6 89331. 63535. 79846. 09541. 104 4613.3 103 6055.9 4039.5 5218.6 4368.0 5744.0 3769.8 4912.2 3551.7 4710.8 3623.5 98 4808.0 3417.1 1379.0 4707.5 2809.3 1224.8 95 4006.4 1316.7 2914.0 93 1248.7 2779.0 4747.6 1261.7 2370.4 4453.5 1256.7 2337.3 4099.9 1127.4 2176.1 3961.2 1075.2 2127.5 3792.3 1998.5 3763.8 1907.5 3479.2 3346.8 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 9. 1. 1. 0. 2. 2. 1. 8. 105 180.7 218.2 221.0 223.4 207.9 210.7 212.3 193.8 79 762.1 78 -316.8 1169.1 76 -341.5 555.8 1175.0 940.3 -395.9 250.3 815.8 414.1 -89.0 394.1 -90.6 146.8 -89.0 372.0 458.4 267.6 1125.6 295.8 498.3 685.8 379.3 1. 85-. 281. 24-. . 63 0.8 62 -2.8 -41.3 -2.4 -11.7 61 -65.3 42.3 15.5 -183.9 -32.1 -2.8 -108.5 17.2 -212.6 -1.6 -6.6 59.6 18.5 -271.5 149.4 -14.2 -424.5 -18.7 -40.2 352. 223. 683. 613. 101 33.5 99 36.1 58.8 33.6 43.1 36.8 192.8 94 48.1 44.2 30.0 92 89.7 36.5 32.2 34.2 90 96.9 39.0 28.8 71.8 32.1 95.3 35.6 33.5 78.2 37.5 84.0 39.4 90.5 34.3 87.7 92.8 34.5 87.2 93.9 38.6 77.0 94.3 37.4 87.4 31.4 77.7 77 170.0 -94.9 23.7 12.6 -56.9 47.6 -107.0 25.9 65 195.7 -7.7 118.2 63.7 -12.0 28.8 30.0 31.2 0000-. 00-. 0000-. 75 74 -0.0 -0.0 0.0 0.0 -0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 -0.0 59 0.4 58 2.6 16.3 57 16.7 -152.3 -3.2 -149.8 151.8 6.8 148.6 0.9 7.7 -2.2 -0.3 -2.5 3.4 0.1 3.4 -4.7 0.8 -3.9 -1.1 -0.1 -1.1 . . . . . 5. . 52100 25.2 97 7.0 0.1 159.3 4.1 7.5 3.4 6.5 2.7 6.8 2.5 88 6.8 87 1.1 2.4 86 0.4 85 6.0 7.5 1.1 9.0 2.4 0.5 7.2 1.2 8.8 1.7 0.5 6.8 1.1 8.5 0.4 6.7 0.9 8.2 0.4 6.7 0.8 8.0 0.4 6.7 0.9 8.0 0.5 6.7 1.0 8.1 0.5 6.7 8.2 73 72 0.2 0.2 0.3 0.3 0.2 0.2 69 0.1 70 0.0 0.1 -27.3 68 0.1 -27.3 0.0 -0.1 0.1 0.0 0.2 0.1 0.0 0.1 -0.0 0.2 0.1 0.0 0.2 -0.0 0.1 -0.1 0.0 0.1 0.0 -0.2 0.0 0.0 -0.3 0.0 -0.0 0.6 0.0 0.0

0 L9100 Laiiis(eso nilmns 70. 98. 09. 09. 17. 25. 29. 49. 109 24392.9 22698.1 22754.1 21373.3 20590.4 20299.2 19584.9 17309.7 (4) Excludesland. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatisticalbetweenthecapitalfinancialaccounts. (3) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedincapitalaccountandsameconceptfinancialaccount. theFinancingCorporation,andResolutionFundingtheyincludedStudentLoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae,FreddieMac,AgriculturalMortgageCorporation,FarmCreditSystem, theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancialrecords. (1) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporationsareunincorporatedenterprisesthatfunctionasiftheywerecorporations; 110 FL592090095Networth 109 FL594190005Liabilities(pensionentitlements) 108 FL592000095Totalliabilitiesandnetworth 107 FL593093005Otheraccountsreceivable Billions ofdollars S.64.a PensionFunds

75. 91. 01. 02. 13. 24. 20. 44. 108 24242.4 22601.1 22641.1 21234.1 20421.0 20114.9 19410.7 17156.6 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 131-7. 143-6. 192-1. 9. 105110 -150.5 -97.1 -113.0 -139.2 -169.5 -184.3 -174.2 -153.1 4. 7. 0. 8. 5. 7. 6. 670107 1617.0 963.5 971.2 853.1 789.4 801.4 772.6 742.6 Z.1, March11,2021 177

Integrated Accounts Integrated Accounts 2 F73405 nuac,pninadsadrie urne cee ...... 52 4.0 49 -0.0 4.0 -0.2 46 4.0 -0.4 177.3 4.0 137.8 -0.5 145.5 4.1 1.2 544.9 5.0 351.3 0.3 40 499.3 5.1 226.1 0.1 458.4 55 FA403197033 Currencyanddeposits 15.1 7.3 614.9 0.0 54 FA854190005Netincurrenceofliabilities 28.0 53 FA853096005Otheraccountsreceivable 35 193.0 1848.3 52 FA733040005Insurance,pension andstandardizedguaranteeschemes -105.1 1110.3 34 -162.4 1371.4 51 FA793094005Investmentinsubsidiaries -53.3 -150.2 50 FA803092005U.S.directinvestment abroad 1053.8 49 FA813092405Equityingovernment-sponsored enterprises(3) 107.4 -131.1 340.2 48 FA503034005Moneymarketfundshares 32 -244.8 47 FA813064105Corporateequities 684.4 159.7 46 FA813081005Equityandinvestmentfundshares -144.1 309.7 152.4 -169.5 45 FA813065005Longterm(mortgages) 1151.8 44 FA854041005Shortterm 31 146.4 -154.9 43 FA854035005Loans 188.6 -169.4 139.6 179.4 3.5 42 FA853063005Corporateandforeignbonds 132.1 33 41 FA853062005Municipalsecurities 172.3 40 FA853061705Agency-andGSE-backedsecurities(3) -53.3 125.2 39 FA853061105Treasurysecurities 177.8 24 -131.1 118.3 38 FA853069175Openmarketpaper 0.6 37 FA854022005Debtsecurities 166.4 -244.8 21 111.6 -144.1 157.4 0.0 36 FA854000005Currencyanddeposits 23.6 -169.5 141.1 35 FA854090005Netacquisitionoffinancialassets 0.0 26.2 -154.9 23 134.2 -169.4 34.2 34 FA855000995Netlending(+)orborrowing(-)(line33) 20 35.0 0.0 3.5 5.3 Financialaccount 32.4 32.1 0.0 22 37.5 4.6 48.8 17 33 FA855000995Netlending(+)orborrowing(-),capitalaccount(lines27-30) 19 10.4 0.0 439.7 41.1 37.4 10.4 46.7 32 FA856300085Less:Consumptionoffixedcapital -48.0 533.1 31 FA855013085Grossfixedcapitalformation(nonresidential) 34.9 0.0 36.9 2.5 43.5 30 FA855015085Capitalformation,net -122.4 503.5 15 40.5 55.4 -28.0 0.0 1398.5 29 FA855440085Less:Capitaltransferspaid(net) 14 443.0 1.2 28 FA856012005Netsaving 1393.0 20.1 -68.2 41.2 42.7 13 435.9 27 FA856006385Netsavinglesscapitaltransfers 0.0 1221.6 7.6 376.5 -23.5 -23.8 448.3 31.1 1042.2 9.4 Capitalaccount 7 487.5 1005.1 -58.7 35.6 7.5 476.4 996.4 17.8 24.7 326.3 9 96.1 4 343.0 26 FA856012005Equals:Netsaving 35.9 8.0 1020.1 280.8 10.4 49.1 24.3 473.4 25 FA856012005Equals:Disposableincome,net 943.2 32.6 281.1 2 -48.0 451.8 66.8 26.3 24 FA856403005Less:Othercurrenttransfers(paid) 25.1 277.2 159.7 451.3 23 FA856220005Less:Currenttaxesonincome,wealth,etc.(paid) -122.4 23.6 22 FA856140005Netnationalincome/Balanceofprimaryincomes,net 253.6 -28.0 152.4 27.6 406.5 18.5 212.8 21 FA856112005Rentsonlandandnaturalresources 146.4 -68.2 389.4 26.9 20 FA853192285Reinvestedearningsonforeigndirectinvestment 19.3 139.6 19 FA856122005Withdrawalsfromincomeofquasi-corporations(2) 370.8 -23.5 18 FA856121005Dividends 132.1 334.5 23.2 -58.7 17 FA856120005Distributedincomeofcorporations 16 FA856130005Interest 125.2 328.5 96.1 15 FA856150005Less:Usesofpropertyincome(paid) 24.5 14 FA853092285ReinvestedearningsonU.S.directinvestmentabroad 118.3 13 FA856121105Distributedincomeofcorporations(dividends) 111.6 12 FA856130105Interest 11 FA856150105Propertyincome(received) 10 FA856402105Operatingsurplus,net 9FA856140005Netnationalincome/Balanceofprimaryincomes,net 8FA856402105Operatingsurplus,net 7FA856240105Taxesonproductionandimportslesssubsidies 6FA856401005Employers’socialcontributions 5FA856020005Wagesandsalaries 4FA856025005Compensationofemployees(paid) 3FA856902605Equals:Netvalueadded 2FA856300085Less:Consumptionoffixedcapital 1FA856902505Grossvalueadded Currentaccount Billions ofdollars S.65.a OtherFinancialBusiness(1) 178

Z.1, March11,2021 03820661227593918. 8. 67454 1607.4 888.9 1188.3 953.9 247.5 691.2 280.6 1083.8 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 1994. 4. 199-4. 09-4. 7. 53 175.2 -145.9 10.9 -142.5 -139.9 148.6 45 329.3 41.0 339.6 -149.9 327.0 159.9 84.3 13.1 80.3 -100.1 0. 74159190342-506. 5. 51 159.1 64.4 -75.0 314.2 129.0 44 43 256.5 175.9 42 585.9 159.4 147.3 47.4 499.0 301.4 152.2 506.4 39 628.4 131.3 195.0 340.4 291.2 -4.5 76.3 474.1 37 79.8 788.5 141.1 146.2 37.3 154.2 689.2 -187.5 460.9 47.8 -107.2 265.8 507.2 264.0 165.7 199.1 589.7 48.9 222.1 199.3 -92.7 -117.3 119.4 -146.0 485.9 18 402.2 16 496.3 953.5 448.1 855.3 12 400.3 707.8 10 952.0 60.4 426.5 11 596.7 789.1 8 1348.5 430.5 568.0 92.1 664.4 1252.9 60.4 427.3 540.4 1026.3 72.9 590.5 92.1 276.2 907.1 536.2 5 521.2 107.1 835.0 592.2 404.5 72.9 3 508.4 101.9 810.7 382.2 558.4 107.1 522.9 162.2 804.1 382.9 568.2 101.9 617.6 157.3 1 857.2 347.0 550.5 162.2 182.0 718.1 333.5 537.1 157.3 720.6 318.0 509.8 182.0 696.9 284.3 552.3 676.7 279.8 515.0 641.9 535.0 677.4 633.3 646.5 58991. 355. 64-153. 50 31.1 -11.5 47 26.4 -73.6 54.5 69.4 23.5 187.1 18.2 71.5 41 9.9 103.3 214.5 33.1 288.3 15.8 408.4 29.6 36 89.8 -28.9 117.6 -16.1 -73.7 -16.6 75.4 -90.7 -233.5 46.9 -154.3 -5.4 30 58.5 28.9 27.9 27.0 25.9 28 38.3 27 -24.4 -24.4 34.3 -104.1 -104.1 32.2 -186.1 -218.9 -104.0 26 22.8 -105.8 -135.2 -24.4 25 -135.2 22.7 -112.7 -104.1 -24.4 -122.7 -146.6 -186.1 -146.6 -104.1 21.4 -104.0 26.2 -186.1 -135.2 -104.0 -112.7 -135.2 -146.6 -112.7 21.4 -146.6 21.4 6 68.9 69.6 68.4 59.5 55.9 52.8 50.1 48.6 98-16-511. 1171841. 2. 38 -28.7 14.6 108.4 -111.7 19.2 -35.1 -11.6 -9.8 29 0.0 0.0 32.8 1.8 0.0 10.0 0.0 -4.7 . 32-. 05-. 03-. . 55 2.8 -0.2 -0.3 -0.4 -0.5 48 -1.5 60.8 -3.2 15.6 1.2 7.4 105.2 -16.8 16.6 -7.4 2.8

0 L5030 Croaeadfrinbns25. 40028. 47227. 88529. 277106 3207.7 2793.9 2818.5 2579.8 104 2467.2 2157.6 2581.5 1894.0 2490.0 1885.7 2458.8 1854.6 1670.6 1793.4 1928.9 2148.2 93 106 FL853063005 Corporateandforeignbonds -587.3 105 FL853062005Municipalsecurities 478.8 104 FL853061705Agency-andGSE-backed securities(3) 103 FL853061105Treasurysecurities -588.5 102 FL853069175Openmarketpaper 101 FL854022005Debtsecurities -163.1 89 121.1 29.4 100 FL854000005Currencyanddeposits -446.8 -45.6 99 FL854090005Financialassets -784.7 92 52.3 -571.4 98 LM815013765Intellectualpropertyproducts -10.4 97 LM815013265Equipment 204.2 -7.1 96 LM815013665Structures(nonresidential) 95 LM812010095Nonfinancialassets(5) -541.3 -30.8 -477.5 94 FL852000095Totalassets 45.9 9.2 Balancesheetaccount(endofperiod) 42.9 -266.8 -933.1 4.7 93 FC852090095Changeinnetworth(lines30+33+74+92) -421.8 Changesinbalancesheetaccount 92 FR858200005Changesinnetworthduetonominalholdinggains/losses 77 91 FR803194005Investmentbyparent -294.2 90 FR662090003Equityinnoncorporatebusiness 89 FR803192005ForeigndirectinvestmentintheUnitedStates -352.5 88 FR653164205Mutualfundshares 69 -427.9 87 FR813164105Corporateequityissues 5.2 86 FR813181085Liabilities -243.9 71 -262.2 0.0 85 FR803092005U.S.directinvestmentabroad 9.5 84 FR813064105Corporateequities -148.1 83 FR854022005Debtsecurities 0.0 -198.4 1.0 73 82 FR854090085Financialassets 67 -64.5 241.0 68 -3.7 0.0 81 FR815013765Intellectualpropertyproducts 17.3 15.7 221.5 80 FR815013265Equipment 1.1 79 FR815013665Structures(nonresidential) 0.0 5.3 183.1 13.9 78 FR812010095Nonfinancialassets 99.8 4.2 22.9 0.0 4.3 Revaluationaccount 63 92.7 1112.8 22.4 2.7 0.0 2.9 379.8 77 FU857005045Less:Statisticaldiscrepancy(lines33-73)(4) -6.8 26.6 76 FV858090085Othervolumechanges 1.3 838.1 0.0 10.4 75 FV812010095Disasterlosses 29.1 18.7 74 FV858090185Totalothervolumechanges 550.1 1.2 0.0 68.0 476.0 8.4 Otherchangesinvolumeaccount 57 0.5 649.4 318.6 13.2 73 FA855000005Netlending(+)orborrowing(-),financialaccount(lines35-54) 630.8 246.9 -1.8 Addendum: 1062.5 346.6 72 FA813196005Otheraccountspayable 351.7 71 FA503194205EquityinvestmentinFederalReservefacilities 220.4 70 FA803194005Investmentbyparent 150.3 69 FA662090003Equityinnoncorporatebusiness 68 FA803192005ForeigndirectinvestmentintheUnitedStates 238.3 67 FA403192405Equityingovernment-sponsoredenterprises(3) 66 FA653164205Mutualfundshares -23.8 65 FA813164105Corporateequityissues 64 FA634090005Moneymarketfundshares 63 FA853181005Equityandinvestmentfundshares 62 FA123165005Longterm(mortgages) 61 FA814141005Shortterm 60 FA814135005Loans 59 FA813169105Commercialpaper 58 FA813163005Corporatebonds 57 FA423161705Agency-andGSE-backedsecurities(3) 56 FA814122005Debtsecurities Billions ofdollars S.65.a OtherFinancialBusiness(1)

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Integrated Accounts Integrated Accounts 3 L0140 Eut neteti eea eev aiiis0000000000000000136 134 0.0 83.5 0.0 78.2 68.7 0.0 132 67.7 0.0 48.6 133 50.4 462.5 52.2 0.0 45.1 417.4 51.1 0.0 449.1 40.8 46.9 373.9 0.0 37.9 44.2 358.6 128 0.0 33151.2 362.9 42.9 27733.1 29237.0 298.2 41.7 25521.9 23830.6 246.9 138 FL852090095Networth 24075.7 41.2 122 22368.3 9408.3 19150.1 137 FL813196005Otheraccountspayable 9089.6 136 FL503194205EquityinvestmentinFederalReservefacilities 8842.7 135 FL803194005Investmentbyparent 8496.1 134 LM662090003Equityinnoncorporatebusiness 8144.4 133 LM803192005ForeigndirectinvestmentintheUnitedStates 118 7924.0 132 FL403192405Equityingovernment-sponsoredenterprises(3) 49404.2 114 113 43886.4 588.0 131 LM653164205Mutualfundshares 0.6 7773.7 44313.2 130 LM813164105Corporateequityissues 7535.4 40505.7 481.0 129 FL634090005Moneymarketfundshares 116 38671.9 0.6 128 FL853181005Equityandinvestmentfundshares 65.0 39132.1 591.5 37870.0 127 FL123165005Longterm(mortgages) 509.5 35934.0 0.7 61.0 126 FL814141005Shortterm 451.4 125 FL814135005Loans 57.0 1.1 527.9 124 FL813169105Commercialpaper 53.0 123 FL813163005Corporatebonds 450.0 1.6 122 FL423161705Agency-andGSE-backedsecurities(3) 49.0 447.1 110 121 FL814122005Debtsecurities 21121.3 0.5 17617.9 45.0 120 FL403197033Currencyanddeposits 18970.2 16496.5 0.2 119 FL854194005Liabilities 39.9 15281.3 15481.1 14362.1 118 FL852100005Totalliabilitiesandnetworth 0.1 34.9 11945.1 117 FL853096005Otheraccountsreceivable 116 FL733040005Insurance,pensionandstandardizedguaranteeschemes 115 FL793094005Investmentinsubsidiaries 114 LM803092005U.S.directinvestmentabroad 113 FL813092405Equityingovernment-sponsoredenterprises(3) 112 FL503034005Moneymarketfundshares 111 LM813064105Corporateequities 110 FL813081005Equityandinvestmentfundshares 109 FL813065005Longterm(mortgages) 108 FL854041005Shortterm 107 FL854035005Loans Billions ofdollars S.65.a OtherFinancialBusiness(1) 180 (5) Excludesland.Includescorporateandnoncorporatefinancialbusiness. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatisticalbetweenthecapitalfinancialaccounts. (4) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedincapitalaccountandsameconceptfinancialaccount. theFinancingCorporation,andResolutionFundingtheyincludedStudentLoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (3) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae,FreddieMac,AgriculturalMortgageCorporation,FarmCreditSystem, theyprimarilycovertheiroperatingcoststhroughsales,andkeepacompletesetoffinancialrecords. (2) Consistsofrentalincometenant-occupiedhousingandproprietors’income.Quasi-corporationsareunincorporatedenterprisesthatfunctionasiftheywerecorporations; HoldingCompanies;OtherFinancialBusiness. Government-SponsoredEnterprises;Agency-andGSE-BackedMortgagePools;IssuersofAsset-BackedSecurities;FinanceCompanies;REITs;SecurityBrokersDealers; (1) IncludesthefollowingsectorsasdefinedinFinancialAccountsofUnitedStates:MoneyMarketFunds;MutualClosed-EndExchange-Traded

Z.1, March11,2021 06. 23. 35. 29. 31. 59. 46. 75. 131 17659.5 14669.8 15899.0 13615.6 12897.2 13150.6 12333.0 10363.5 121 14468.4 13994.6 13679.6 13306.9 119 12922.8 50772.1 12993.6 44667.0 12852.1 45572.6 12741.0 41176.5 39179.7 39761.0 38052.0 35331.3 107 14620.1 14047.6 13569.0 12882.9 12622.5 12718.4 12591.8 12782.8 84010. 84411. 94018. 78415. 135 1855.8 1788.4 1784.8 1974.0 130 9407.0 1810.4 129 3634.3 7688.7 1824.4 3038.3 8135.8 1807.2 2848.4 6712.4 1804.0 126 2731.3 3235.3 5927.5 125 3459.6 2742.4 3087.7 5900.7 3313.9 2749.1 2734.0 5113.9 123 2976.1 2733.4 2653.5 3963.4 4769.1 2890.0 2693.2 2727.5 4602.1 2962.9 2958.3 4553.2 3189.7 3081.4 4520.7 3295.6 3507.6 4490.7 3702.0 4747.3 4716.7 4827.1 117 1508.6 1484.8 1491.7 115 1524.4 4496.2 1554.4 4328.0 1599.2 4263.6 1665.4 4385.6 1543.8 4112.1 111 109 4094.8 15694.6 9163.1 108 12565.5 3918.9 5457.1 13887.2 8847.0 3877.3 11380.5 5200.5 8523.9 10601.6 5045.2 10726.5 8219.9 9878.2 4663.0 8090.9 7498.4 4531.7 8008.5 4709.9 8023.0 4568.8 8015.0 4767.7 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 255-7. 571-4. 503-2. 322-1. 137 -317.5 -382.2 -327.9 -550.3 -545.2 -507.1 -474.6 -275.5 0. 120-2. 578-7. 15. 706-379138 -1367.9 -780.6 -1259.4 -670.9 -507.8 -628.8 -182.0 602.7 127 224.3 226.2 124 242.0 291.0 236.5 302.9 235.4 283.6 231.4 290.1 214.3 287.6 194.4 322.3 361.7 378.5 112 341.8 242.8 227.2 219.8 114.6 131.4 114.9 122.2 371...... 04120 10.4 7.6 7.8 8.1 8.5 9.1 10.6 13.7

5 F33983 qiyi nentoa raiain ...... 55 58 1.4 0.0 56 53 0.0 1.4 1.3 57 0.0 0.0 0.0 5.3 1.5 0.0 0.0 0.0 1.4 1.7 0.0 0.0 46 0.0 1.7 2.1 0.0 0.0 0.0 0.0 2.1 2.1 0.0 0.0 0.0 0.0 0.4 2.0 0.0 0.0 42 0.0 1.0 0.0 -4.6 2.2 0.0 0.0 -1.8 173.5 -14.4 0.0 0.0 -3.4 -170.2 0.0 65.7 35 110.4 0.0 84.2 58 FA313094205 EquityinvestmentinFederalReservefacilities 60.3 57 FA313094303 EquityinvestmentunderPublic-PrivateInv. Program -31.1 56 FA313092403 Equityingovernment-sponsoredenterprises (2) 323.0 55 FA313092803Equityininternational organizations 69.6 54 FA313064105Corporateequities 155.5 53 FA313081105Equityandinvestment fundshares 6.7 206.3 52 FA313065005Longterm(mortgages) 34 51 FA313069005Otherloansandadvances 236.9 50 FA313066220Consumercredit -1137.4 32 49 FA314041005Shortterm 32.0 31 -1000.6 -2.7 48 FA314023005Loans 294.8 -540.0 364.6 47 FA313063763Corporateandforeignbonds -0.8 -717.0 285.8 46 FA313061703Agency-andGSE-backedsecurities 75.4 45 FA314022005Debtsecurities -584.4 277.0 -2.2 -653.2 44 FA313091105Nonofficialforeigncurrencies 271.8 43 FA313030003Timeandsavingsdeposits -8.9 -697.3 42 FA313020005Currencyandtransferabledeposits 271.5 26 41 FA313011405ReservepositioninIMF(net) -1187.3 33 -1113.1 -30.9 40 FA313011505Officialforeigncurrencies 270.2 -1137.4 -991.2 39 FA314000005Currencyanddeposits -1000.6 -2.6 265.9 -540.5 38 FA313011303SDRholdings -540.0 37 FA313011205Monetarygold 261.6 -729.6 -2.5 -717.0 24 21 36 FA313011105MonetarygoldandSDRs 22 1097.3 -620.2 67.8 -584.4 -2.0 35 FA314090005Netacquisitionoffinancialassets 658.5 1043.5 -662.2 -653.2 83.9 34 FA315000905Netlending(+)orborrowing(-)(line33) 15 985.1 634.0 -696.0 -697.3 8.5 Financialaccount 85.2 966.6 -1163.6 605.8 -1187.3 954.2 605.0 7.8 79.7 33 FA315000905Netlending(+)orborrowing(-),capitalaccount(lines26-29) 951.2 577.9 76.2 6.1 32 FA315420003Acquisitionofnonproducednonfinancialassets 16 956.9 31 FA316300001Less:Consumptionoffixedcapital 540.9 581.6 30 FA315019001producednonfinancialassets) 87.3 4.8 14 999.3 Grossfixedcapitalformation(acquisitionof 497.9 18 540.5 29 FA315050905Capitalformation,net 63.8 17 69.3 1958.0 493.8 -371.8 6.7 475.9 28 FA315440005Less:Capitaltransferspaid(net) 1854.3 10 79.0 56.1 27 FA316006085Netsaving -318.5 6 173.7 1884.6 454.1 26 FA316006385Netsavinglesscapitaltransfers 10.3 161.6 103.7 -264.3 1883.9 162.8 429.3 4 Capitalaccount -240.1 9.3 153.9 106.3 1883.8 527.0 130.9 439.1 -188.7 1763.8 146.7 126.4 2 25 FA316006085Equals:Netsaving 511.1 10.2 136.4 416.3 8 1619.4 -195.8 294.8 142.8 137.6 24 FA316901001Less:Finalconsumptionexpenditures 490.9 -371.8 1457.8 140.3 422.6 -117.0 23 FA316012005Equals:Disposableincome,net 285.8 138.6 210.9 -318.5 479.2 -231.7 136.3 22 FA316403001Less:Othercurrenttransfers(paid) 277.0 135.9 109.5 -264.3 21 FA316403105Plus:Othercurrenttransfers(received) 469.0 125.5 20 FA316404001Less:Socialcontributions(paid) -240.1 271.8 134.7 19 FA316601001Plus:Socialbenefits(received) 460.0 115.2 18 FA316220001Plus:Currenttaxesonincome,wealth,etc.(received) -188.7 271.5 137.5 17 FA316140005Netnationalincome/Balanceofprimaryincomes,net 455.1 -195.8 270.2 16 FA316130001Less:Usesofpropertyincome(interestpaid) 465.2 -117.0 15 FA316112101Rentsonlandandnaturalresources 265.9 14 FA316121105Distributedincomeofcorporations(dividends) -231.7 13 FA316130101Interest 261.6 12 FA316150105Propertyincome(received) 11 FA316402015Subsidies(paid) 10 FA316240001Taxesonproductionandimports,receivable 9FA316402101Operatingsurplus,net 8FA316140005Netnationalincome/Balanceofprimaryincomes,net 7FA316402101Operatingsurplus,net 6FA316401005Employers’socialcontributions 5FA316020001Wagesandsalaries 4FA316025001Compensationofemployees(paid) 3FA316902605Equals:Netvalueadded 2FA316300001Less:Consumptionoffixedcapital 1FA316902505Grossvalueadded Currentaccount Billions ofdollars S.7.a FederalGovernment(1)

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Integrated Accounts Integrated Accounts 5 F32905 hnei e ot lns2+38+4 12. 412-6. 417-8. 505-3. 83295 -863.2 -835.9 92 -570.5 0.0 94 54.9 -581.5 104 FL313011303SDRholdings 103 FL313011205Monetarygold 0.0 -491.7 101.1 102 FL313011105Monetarygoldand SDRs -665.2 0.0 90.2 101 FL314090005Financialassets -441.2 100 LM315013765Intellectualproperty products 67.9 -1129.2 0.0 99 LM315013265Equipment 98 LM315015605Structures 6.0 97 LM312010095Nonfinancialassets(4) 0.0 96 FL312000095Totalassets 48.5 0.0 Balancesheetaccount(endofperiod) 83 74.2 0.0 -29.7 95 FC312090095Changeinnetworth(lines29+33+80+94) 35.0 -28.0 -0.0 Changesinbalancesheetaccount -60.8 94 FR318200005Changesinnetworthduetonominalholdinggains/losses -40.9 93 FR313111303Liabilities(SDRallocations) -65.6 92 FR313094303EquityinvestmentunderPublic-PrivateInv.Program 73 79.6 91 FR313064105Corporateequities -35.0 90 FR314000005Currencyanddeposits -188.9 89 FR313011105MonetarygoldandSDRs -51.9 88 FR318080005Financialassets -17.5 6.2 87 FR315013765Intellectualpropertyproducts 79 86 FR315013265Equipment -1107.7 85 FR315015605Structures -7.8 84 FR312010095Nonfinancialassets -972.6 -479.1 Revaluationaccount 70 6.4 -19.7 -676.1 18.1 83 FU317005045Less:Statisticaldiscrepancy(lines33-79)(3) -518.8 -37.8 82 FV318090085Othervolumechanges -732.8 81 FV312010095Disasterlosses -11.7 15.5 80 FV318090185Totalothervolumechanges -508.4 46.4 5.2 Otherchangesinvolumeaccount -1169.7 13.6 79 FA315000005Netlending(+)orborrowing(-),financialaccount(lines35-63) Addendum: 29.2 78 FA313193005Other(miscellaneousliabilities) 77 FA313172003PPPsubsidiespayable 0.7 76 FA313170005Tradepayables 75 FA713014003SDRcertificates 74 FA313196005Otheraccountspayable 60.0 73 FA343073045Claimsofpensionfundonsponsor 72 FA313195105RetireeHealthCareFunds 71 FA313140003Insurancereserves 70 FA313152005Insurance,pensionandstandardizedguaranteeschemes 69 FA314123005Loans 68 FA313161705Federalagencysecurities 67 FA313161105Treasurysecurities 66 FA314122005Debtsecurities 65 FA314100005Currencyanddeposits 64 FA313111303SDRallocations 63 FA314190005Netincurrenceofliabilities 62 FA313093003Other(miscellaneousassets) 61 FA313078000Taxesreceivable 60 FA313070000Tradereceivables 59 FA313096005Otheraccountsreceivable Billions ofdollars S.7.a FederalGovernment(1) 182

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4 L1131 Ohr(iclaeu iblte)282318120601-. 02145 -0.2 -0.2 0.1 0.6 1.2 1.8 140 2.3 1585.8 1622.1 2.8 1676.8 1696.6 1732.3 1727.8 1751.2 137 1764.9 1953.4 1974.4 129 2015.0 146 FL312090095Networth 6485.2 2025.5 145 FL313193013Other(miscellaneousliabilities) 6162.0 144 FL313172003PPPsubsidiespayable 2048.1 124 5708.1 0.0 143 FL313170005Tradepayables 2036.4 142 FL713014003SDRcertificates 5670.9 122 121 0.0 141 FL313196005Otheraccountspayable 123 2048.6 67.5 5405.6 0.0 0.0 2049.9 140 FL343073045Claimsofpensionfundonsponsor 119 5149.8 0.0 100.6 66.1 139 FL313195105RetireeHealthCareFunds 0.0 0.0 5098.3 138 FL313140003Insurancereserves 99.3 137 FL313152005Insurance,pensionandstandardizedguaranteeschemes 64.8 4670.2 0.0 0.0 0.0 136 FL314123005Loans 98.0 112 63.3 0.0 0.0 135 FL313161705Federalagencysecurities 0.0 0.0 96.6 134 FL313161105Treasurysecurities 61.5 0.0 133 FL314122005Debtsecurities 0.0 94.9 0.0 0.0 59.4 132 FL314100005Currencyanddeposits 0.0 0.0 92.8 0.0 0.0 131 FL313111303SDRallocations 57.4 0.0 92.4 0.0 130 FL314190005Liabilities 55.3 0.0 0.0 108 407.2 129 FL312000095Totalliabilitiesandnetworth 97.0 0.0 0.0 1.8 405.9 128 FL313093003Other(miscellaneousassets) 127 FL313078000Taxesreceivable 0.0 232.0 126 FL313070000Tradereceivables 125 FL313096005Otheraccountsreceivable 404.0 0.0 124 FL313094205EquityinvestmentinFederalReservesfacilities 338.1 123 LM313094303EquityinvestmentunderPublic-PrivateInv.Program 0.0 122 FL313092403Equityingovernment-sponsoredenterprises(2) 226.3 121 FL313092803Equityininternationalorganizations 120 LM313064105Corporateequities 163.0 119 FL313081105Equityandinvestmentfundshares 92.2 118 FL313065005Longterm(mortgages) 117 FL313069005Otherloansandadvances 116 FL313066220Consumercredit 115 FL314041005Shortterm 114 FL314023005Loans 113 FL313063763Corporateandforeignbonds 112 FL313061703Agency-andGSE-backedsecurities 111 FL314022005Debtsecurities 110 FL313091105Nonofficialforeigncurrencies 109 FL313030003Timeandsavingsdeposits 108 FL313020005Currencyandtransferabledeposits 107 FL313011405ReservepositioninIMF(net) 106 FL313011505Officialforeigncurrencies 105 FL314000005Currencyanddeposits Billions ofdollars S.7.a FederalGovernment(1) (4) Excludeslandandnonproducednonfinancialassets. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatistical betweenthecapitalandfinancialaccounts. (3) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedin capitalaccountandthesameconceptderivedinfinancialaccount.Thediscrepancy theFinancingCorporation,andResolutionFundingtheyincludedStudent LoanMarketingAssociationuntilitwasfullyprivatizedinthe2004:Q4. (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae, FreddieMac,FederalAgriculturalMortgageCorporation,FarmCreditSystem, (1) Thefederalgovernmentsectorexcludesemployeeretirementfunds.

1515-09. 1679-24. 1711-30. 1175-50. 146 -15000.7 -14137.5 -13301.6 -12731.1 -12149.6 -11657.9 -10992.7 -10551.5 22. 38. 41. 54. 58. 63. 74. 91. 134 19018.7 133 19039.9 17842.1 17865.0 16430.9 16455.3 15983.8 16008.3 15141.1 15165.6 14416.7 130 14441.1 13680.6 21485.9 13705.1 12822.9 20299.5 12847.8 19009.7 18401.9 17555.2 16807.7 16091.1 15221.7 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 3. 4. 4. 6. 9. 0. 8. 9. 143 399.8 141 382.3 404.8 387.3 308.2 139 315.4 290.7 313.5 301.0 296.5 261.4 287.1 246.8 267.7 277.6 253.8 249.9 264.7 235.8 257.4 257.3 243.8 246.9 234.8 127 376.2 125 239.8 595.9 203.0 455.3 195.5 394.4 175.1 377.4 154.8 342.1 118 123.8 117 178.5 296.9 231.0 123.2 116 168.5 315.5 221.0 1319.2 119.8 298.6 216.0 115 1236.3 1550.2 119.7 114 1145.6 1674.0 216.6 1457.3 116.5 1049.3 1580.5 221.6 1361.5 117.2 949.7 1481.4 1265.9 218.2 1385.6 846.2 115.5 1171.2 357.1 1287.7 1064.5 111.5 735.5 105 1181.6 202.5 459.2 1092.6 622.2 1208.1 824.8 453.7 936.3 275.6 446.1 379.7 277.2 221.8 155.9 035. 135. 135. 135. 138 52.2 51.3 135 51.1 21.2 51.3 22.9 132 23.2 51.1 24.4 131 48.8 23.7 51.3 24.5 49.1 24.0 50.5 24.6 50.3 24.2 50.3 24.4 126 47.5 128 24.8 74.1 145.7 24.5 48.9 25.3 140.0 75.4 24.9 51.2 126.4 25.6 65.0 117.0 120 54.4 25.9 33.2 64.9 105.8 54.3 33.2 61.2 93.6 33.2 48.4 83.4 33.3 53.6 79.8 33.4 50.3 33.4 35.1 107 26.4 106 39.9 20.6 22.3 20.8 17.9 21.2 18.7 19.3 17.7 19.5 25.3 20.7 31.0 23.6 34.4 24.7 ...... 144 0.0 142 5.2 0.0 5.2 0.0 5.2 0.0 136 5.2 15.8 0.0 5.2 0.0 0.0 5.2 151.7 0.0 0.0 5.2 0.0 0.0 5.2 0.0 0.0 0.0 113 0.5 111 0.5 0.5 110 2.6 109 0.5 2.3 0.5 2.6 0.5 2.0 0.5 2.6 0.5 1.9 0.5 2.6 0.5 1.5 0.5 2.6 0.5 1.8 0.6 2.6 0.6 2.2 0.6 2.6 0.6 1.5 2.6 2.0 Z.1, March11,2021 183

Integrated Accounts Integrated Accounts 8 F23805 qiyadivsmn udsae 44-. 39-. . 19-. . 48 4.6 -4.3 -1.9 3.2 42 -2.4 4.4 -3.9 37 5.7 6.2 -3.0 26.0 -7.6 -4.4 25.8 35 -2.5 30.5 -4.0 5.9 55 FA213093003 Other(miscellaneousassets) 68.0 54 FA213078005Taxesreceivable -49.3 53 FA213070003Tradereceivables -8.6 85.5 52 FA213096005Otheraccountsreceivable 23.3 16.8 170.9 51 FA213064203Mutualfundshares -45.2 34 50 FA213064103Corporateequities 76.9 6.9 49 FA213034003Moneymarketfund shares -288.3 48 FA213081005Equityandinvestment fundshares -46.6 -285.3 -9.0 32 31 -300.5 47 FA213065005Longterm(mortgages) 134.1 16.8 293.5 46 FA212051003Shortterm -293.0 45 FA214035005Loans -33.2 280.3 28 16.2 -262.4 -73.8 44 FA213063003Corporateandforeignbonds 266.2 -270.3 14.2 43 FA213062003Municipalsecurities -296.0 -72.2 256.5 42 FA213061703Agency-andGSE-backedsecurities(2) 12.6 41 FA213061105Treasurysecurities -321.1 251.4 -71.9 26 40 FA213069103Openmarketpaper 33 39 FA214022005Debtsecurities 11.9 -134.0 246.3 -72.6 -288.3 -141.5 -285.3 238.8 38 FA213030000Timeandsavingsdeposits 10.6 -69.8 -166.9 37 FA213020005Currencyandtransferabledeposits -300.5 232.0 36 FA214000005Currencyanddeposits -70.6 10.4 -166.6 -293.0 -146.0 -71.6 35 FA214090005Netacquisitionoffinancialassets -262.4 10.9 -167.3 -270.3 -74.4 34 FA215000905Netlending(+)orborrowing(-)(line33) 24 -193.7 23 -296.0 1897.8 Financialaccount -208.5 1690.0 -321.1 21 1847.8 1634.1 753.0 1757.6 1518.7 33 FA215000905Netlending(+)orborrowing(-),capitalaccount(lines26-29) 722.5 1694.2 15 1455.0 1653.5 32 FA215420003Acquisitionofnonproducednonfinancialassets 11.8 691.2 1437.7 14 31 FA216300001Less:Consumptionoffixedcapital 1614.2 6.6 1376.3 690.4 30 FA215019001producednonfinancialassets) 11.5 1575.1 1309.8 Grossfixedcapitalformation(acquisitionof 18 675.5 1516.7 16 6.0 29 FA215050905Capitalformation,net 1233.9 11.2 559.4 297.7 616.5 28 FA215440005Less:Capitaltransferspaid(net) 528.2 11.0 17 5.8 281.3 560.9 27 FA216006005Netsaving 1110.5 486.3 26 FA216006305Netsavinglesscapitaltransfers 11.2 288.4 550.1 1089.6 5.7 463.3 Capitalaccount 283.4 1028.7 6 12.7 463.6 5.4 973.8 269.7 473.8 12.5 10 437.4 25 FA216006005Equals:Netsaving 944.6 263.2 460.0 5.3 1317.7 427.4 12.5 921.3 24 FA216901001Less:Finalconsumptionexpenditures 271.1 1282.0 441.6 8 2 4 393.8 4.7 868.2 1233.0 281.1 23 FA216012005Equals:Disposableincome,net 435.8 1110.5 293.5 1559.1 1175.3 813.6 432.0 1089.6 22 FA216403001Less:Othercurrenttransfers(paid) 4.1 1505.3 1134.8 280.3 21 FA216403105Plus:Othercurrenttransfers(received) 1028.7 1445.2 418.1 1104.5 20 FA216404001Less:Socialcontributions(paid) 266.2 973.8 1407.7 1063.2 19 FA216601001Plus:Socialbenefits(received) 405.6 256.5 1377.3 18 FA216220005Plus:Currenttaxesonincome,wealth,etc.(received) 1021.0 944.6 368.0 17 FA216140005Netnationalincome/Balanceofprimaryincomes,net 1331.0 251.4 921.3 1293.2 16 FA216130001Less:Usesofpropertyincome(interestpaid) 246.3 868.2 1238.7 15 FA216112101Rentsonlandandnaturalresources 14 FA216121101Distributedincomeofcorporations(dividends) 238.8 813.6 13 FA216130101Interest 232.0 12 FA216150105Propertyincome(received) 11 FA216402015Subsidies(paid) 10 FA216240001Taxesonproductionandimports,receivable 9FA216402101Operatingsurplus,net 8FA216140005Netnationalincome/Balanceofprimaryincomes,net 7FA216402101Operatingsurplus,net 6FA216401005Employers’socialcontributions 5FA216020001Wagesandsalaries 4FA216025001Compensationofemployees(paid) 3FA216902605Equals:Netvalueadded 2FA216300001Less:Consumptionoffixedcapital 1FA216902505Grossvalueadded Currentaccount Billions ofdollars S.8.a StateandLocalGovernments(1) 184

Z.1, March11,2021 21018. 37117. 44813. 50115. 3 1553.4 1500.1 1 1439.1 1404.8 1846.8 1375.3 1780.4 1327.1 1705.2 1287.4 1661.3 1231.0 1626.7 1573.5 1526.1 1463.0 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 228-6. 279-1. 292-3. 237-0. 27 -207.7 -213.7 -238.8 -239.2 25 -215.8 -207.7 -237.9 -213.7 -265.3 -238.8 -282.8 -239.2 -215.8 -237.9 -265.3 -282.8 3. 3. 3. 5. 7. 8. 0. 3. 30 431.0 29 407.9 154.3 385.6 143.9 370.4 133.6 356.0 126.5 338.8 116.4 330.8 103.0 333.7 102.4 112.7 20 754.6 727.2 707.5 692.6 665.3 617.5 564.4 540.8 5 1085.4 1045.3 1003.6 971.8 945.3 912.9 887.6 870.7 1. 1. 1. 3406-501. 6. 55 -69.9 18.3 -15.0 0.6 23.4 -11.2 44 -3.3 -13.3 -14.1 14.6 40 -0.3 7.7 39 0.6 53.9 6.1 4.2 9.0 16.8 0.5 56.0 -7.7 105.6 -3.3 22.4 26.9 -10.8 -10.8 -73.5 -3.9 86.7 -11.0 -34.3 364. 431. 231. 1. 3941 53.9 38 -12.4 19.8 17.7 7.9 72.3 14.1 16.9 8.2 -4.3 14.2 43.1 11.6 33.6 20.4 19.0 19 21.7 21.0 20.0 13 20.0 12 78.4 96.8 19.2 77.1 94.6 18.7 73.8 90.8 17.7 68.6 85.3 17.2 65.4 82.0 66.4 84.3 65.2 82.4 65.3 81.8 10-. . 952. 355. 5. 52 -52.4 50 49 59.8 -3.4 6.8 -3.5 -3.4 46 47 -2.1 -0.7 28.7 -0.9 -3.4 0.3 45 1.2 29.5 2.1 -1.6 43 -3.4 5.4 -0.8 6.9 8.9 3.3 14.4 -3.4 0.5 -0.2 -0.5 11.9 7.3 23.3 -3.4 -1.7 0.5 -1.0 9.6 19.2 7.8 -3.4 -0.8 1.0 17.4 -3.9 -3.4 -0.7 -2.2 -4.6 0.5 13.8 9.8 23.7 -2.6 -1.5 -0.9 -3.5 1.8 -0.8 11 -0.6 9 -5.7 -0.6 7 -5.2 -0.6 -5.7 -6.2 -0.5 -5.2 -2.9 -0.5 -6.2 -2.0 -0.5 -2.9 -3.9 -0.5 -2.0 -5.9 -0.5 -3.9 -7.6 -5.9 -7.6 . . . . 07521. . 54 8.8 53 8.8 51 18.6 1.2 22.8 5.2 1.2 6.2 10.7 1.2 17.5 5.6 0.6 1.2 7.1 11.0 1.2 3.3 9.4 1.2 7.5 5.6 1.2 1.2 36 25.9 0.3 11.7 14.1 5.5 28.4 27.3 9.9 22 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

4 F23805 qiyadivsmn udsae 6. 9. 0. 0. 2. 5. 3. 9. 94 291.2 233.4 254.0 221.5 202.5 88 208.5 536.2 197.8 513.4 164.3 83 504.7 139.1 461.7 132.9 101 FL213093003 Other(miscellaneousassets) 445.6 100 FL213078005Taxesreceivable 140.6 99 FL213070003Tradereceivables 473.0 98 FL213096005Otheraccountsreceivable 143.0 510.4 137.1 97 LM213064203Mutualfundshares 508.4 96 LM213064103Corporateequities 145.7 95 FL213034003Moneymarketfund shares 94 FL213081005Equityandinvestment fundshares 128.9 93 FL213065005Longterm(mortgages) 122.1 92 FL212051003Shortterm 91 FL214035005Loans 90 FL213063003Corporateandforeignbonds 75 89 FL213062003Municipalsecurities 854.4 88 FL213061703Agency-andGSE-backedsecurities(2) 87 FL213061105Treasurysecurities 223.0 86 FL213069103Openmarketpaper 85 FL214022005Debtsecurities 762.1 273.9 84 FL213030000Timeandsavingsdeposits 83 FL213020005Currencyandtransferabledeposits -154.1 82 FL214000005Currencyanddeposits 72 102.9 73 74 81 FL214090005Financialassets 53.3 -118.1 -520.5 908.3 80 LM215013765Intellectualpropertyproducts 432.7 217.4 -16.4 270.8 79 LM215013265Equipment -463.1 78 LM215015605Structures 34.4 842.7 77 LM212010095Nonfinancialassets(4) -152.6 381.8 15.8 109.9 76 FL212000095Totalassets -23.8 -3.6 -157.7 Balancesheetaccount(endofperiod) 331.8 67 -498.8 14.6 -13.5 785.7 -279.9 75 FC212090095Changeinnetworth(lines29+33+64+74) 36.5 -130.1 527.4 Changesinbalancesheetaccount -132.6 17.1 -143.4 62 -113.9 74 FR218200005Changesinnetworthduetonominalholdinggains/losses 49.4 -52.7 73 FR223073045Liabilities(claimofpensionfundsonsponsor) 48.1 -53.3 72 FR213081005Financialassets(equityandinvestmentfundshares) 45.4 -52.5 71 FR215013765Intellectualpropertyproducts 43.1 70 FR215013265Equipment 69 FR215015605Structures 63 41.2 68 FR212010095Nonfinancialassets -274.8 -155.3 39.8 Revaluationaccount 61 -167.9 245.6 38.8 -149.6 224.9 67 FU217005045Less:Statisticaldiscrepancy(lines33-63)(3) -148.6 66 FV218090085Othervolumechanges 38.3 207.9 65 FV212010095Disasterlosses -217.6 64 FV218090185Totalothervolumechanges 244.8 -242.7 Otherchangesinvolumeaccount 172.7 -268.7 210.8 63 FA215000005Netlending(+)orborrowing(-),financialaccount(lines35-56) 345.4 Addendum: 205.8 62 FA213170003Otheraccountspayable(tradepayables) (claimofpensionfundsonsponsor) 61 FA223073045Insurance,pensionandstandardizedguaranteeschemes 60 FA213169203Loans(shortterm) 59 FA213162200Other 58 FA213162400Shortterm 57 FA213162005Debtsecurities(municipals) 56 FA214190005Netincurrenceofliabilities Billions ofdollars S.8.a StateandLocalGovernments(1)

24. 29. 24. 39. 39. 49. 48. 51. 76 15511.7 14889.8 14193.9 13591.0 13095.0 12843.6 12591.2 12145.6 49012. 39710. 49216. 57810. 85 1708.2 1587.8 1566.2 1489.2 81 1401.1 3433.7 1389.7 3283.7 1429.8 3219.7 1409.0 3079.3 78 2910.4 11661.5 77 2853.4 11201.9 12078.0 10588.2 2852.8 11606.1 10139.0 10974.1 2749.5 9819.5 10511.7 9626.6 10184.5 9990.2 9380.1 9738.4 9043.9 9396.0 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 1. 2. 2. 3. 4. 5. 7. 7. 100 99 178.8 98 239.0 170.0 450.4 230.2 151.4 502.7 207.4 146.2 443.0 201.2 135.5 446.5 93 183.7 129.9 92 417.8 257.5 183.1 91 164.2 122.8 388.3 258.6 421.7 172.1 164.9 90 119.5 381.3 256.8 423.5 162.6 225.3 163.7 381.9 242.8 420.5 208.6 87 154.8 231.3 852.1 397.7 207.2 147.5 222.6 770.7 378.8 195.9 139.7 84 227.2 759.9 362.2 186.6 423.2 140.3 82 214.8 742.3 367.6 179.6 403.4 130.5 562.2 680.9 345.3 183.3 395.5 536.3 646.4 80 173.3 381.3 536.0 79 145.9 634.3 373.2 270.6 524.4 139.3 622.3 359.0 264.9 510.2 131.9 347.4 254.0 504.7 125.2 327.0 247.5 476.3 119.8 245.2 449.0 118.1 245.6 114.6 243.7 109.7 242.4 69 68 331.5 334.5 496.2 504.5 340.6 345.2 211.2 213.4 64 91.1 80.1 89.8 156.1 93.7 159.4 246.7 250.4 86.2 227.0 230.5 58.7 15.7 -61.6 -710.1 113.8 56 305.3 223.3 253.4 320.5 225.5 171.0 376.8 235.5 1. 47-30010305111060 1.0 1.1 0.5 0.3 0.1 -43.0 44.7 -12.2 988. 539. 928. 0. 26101 32.6 102.5 97 84.2 91.5 95 99.2 26.5 75.9 96 98.6 173.2 19.8 80.7 137.7 75.3 21.9 69.5 151.5 86.5 21.6 64.8 89 130.5 99.8 16.7 16.2 65.3 121.5 86 16.8 126.9 16.4 61.6 77.9 118.2 16.7 18.1 52.3 78.2 93.2 15.8 18.9 77.7 15.0 73.4 14.5 73.0 14.8 76.3 14.0 87.0 90.9 66 66.6 -36.2 -44.3 -84.7 -98.2 -114.3 -763.4 68.7 7400000000-. 020065 0.0 -0.2 -2.1 0.0 0.0 0.0 0.0 -7.4 59 2.4 -53.6 -5.2 35.1 17.4 -30.2 -40.9 -0.5 . . . 201525272471 70 2.4 0.6 2.7 5.6 2.5 2.1 1.5 0.7 -2.0 0.6 0.3 3.1 1.9 1.8 1.3 2.1 58 6.8 57 2.9 9.2 4.8 -50.7 -0.4 -2.7 32.4 -5.9 11.5 -6.4 -36.6 -11.2 -52.1 4.0 3.6 Z.1, March11,2021 185

Integrated Accounts Integrated Accounts 0 L1100 Ohracut aal taepybe)75474284085198293610. 011109 1051.1 1001.7 953.6 908.2 865.1 104 3075.3 824.0 3066.1 784.2 3116.9 108 (4) Excludeslandandnonproducednonfinancialassets. 3117.3 745.4 4199.5 reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatisticalbetweenthecapitalfinancialaccounts. 3084.9 4491.6 (3) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedincapitalaccountandsameconceptfinancialaccount. 102 3073.5 4017.1 theFinancingCorporation,andResolutionFundingtheyincludedStudentLoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. 15511.7 3110.1 (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae,FreddieMac,AgriculturalMortgageCorporation,FarmCreditSystem, 4221.7 14889.8 (1) Thestateandlocalgovernmentsectorexcludesemployeeretirementfunds. 14193.9 3162.2 4075.3 13591.0 3722.7 13095.0 110 FL212090095Networth 12843.6 3533.4 12591.2 109 FL213170003Otheraccountspayable(tradepayables) 3001.0 12145.6 (claimofpensionfundsonsponsor) 108 FL223073045Insurance,pensionandstandardizedguaranteeschemes 107 FL213169203Loans(shortterm) 106 FL213162200Other 105 FL213162400Shortterm 104 FL213162005Debtsecurities(municipals) 103 FL214190005Liabilities 102 FL212100005Totalliabilitiesandnetworth Billions ofdollars S.8.a StateandLocalGovernments(1) 186

Z.1, March11,2021 20750. 25455. 35368. 30376. 110 7164.7 6310.3 6087.3 5325.3 5051.3 5205.4 5102.5 106 5220.7 3030.5 3028.1 3081.7 103 3086.9 8347.1 3051.8 8579.5 3034.4 8106.5 3064.6 8265.7 3105.5 8043.6 7638.2 7488.7 6924.9 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 646. 811. 851. 012. 107 21.1 20.1 105 44.8 18.9 38.0 18.5 35.2 18.2 30.4 18.1 33.1 61.1 39.1 16.4 45.5 56.6

8 F23505 nuac,pninadsadrie urne cee . 1391-. 341. 092938 2.9 39 37 2.0 282.1 10.9 243.4 9.1 13.5 52 FA263163005Bonds 315.0 51 FA263169105Commercialpaper 13.4 10.4 50 FA264122005Debtsecurities 480.0 -3.8 1.2 49 FA313091105Nonofficialforeign currencies 483.8 48 FA263191005U.S.privatedeposits 212.0 47 FA263111403Reservepositionin IMF(net) 9.1 2.9 46 FA263111503Officialforeigncurrencies 217.3 45 FA264100005Currencyanddeposits -1.3 -0.4 211.5 44 FA313011303SDRholdings 4.0 23 3.7 43 FA264190005Netincurrenceofliabilities -83.3 1.5 42 FA263070005Otheraccountsreceivable 48.9 41 FA543151905Pensionentitlements 104.0 40 FA543141905Lifeinsurancereserves 39 FA263076005Insurancereceivablesduefromproperty-casualtyinsurancecompanies -144.0 38 FA263052005Insurance,pensionandstandardizedguaranteeschemes -59.6 37 FA263092001ForeigndirectinvestmentintheUnitedStates -34.6 36 FA263064203Mutualfundshares 35 FA263064105Corporateequities 268.7 14 34 FA263034003Moneymarketfundshares 509.5 -136.2 33 FA263081005Equityandinvestmentfundshares 472.4 32 FA263069500LoanstoU.S.corporatebusiness 31 FA262051005Securityrepurchases 407.5 30 FA264041005Loans(shortterm) 414.5 12 29 FA263063005Corporatebonds -0.1 432.0 28 FA263062003Municipalsecurities 27 FA263061705Agency-andGSE-backedsecurities(2) 372.5 -0.1 26 FA263061105Treasurysecurities 367.4 25 FA263069103Openmarketpaper -0.0 24 FA264022005Debtsecurities 440.8 13 23 FA264016005NetinterbankitemsduefromU.S.banks 0.0 509.5 22 FA263030005Timedeposits 472.4 21 FA263027003Transferabledeposits 0.0 20 FA263025003Currency 9 407.5 19 FA264000005Currencyanddeposits 502.8 -0.0 414.5 18 FA313111303SDRallocations 467.8 17 FA263011205Monetarygold 432.0 -0.0 8 16 FA263011005MonetarygoldandSDRs 391.5 372.5 147.2 -0.1 407.4 15 FA264090005NetacquisitionofU.S.financialassets 367.4 150.2 4 423.7 14 FA265000905Netlending(+)orborrowing(-)(line13) 440.8 162.3 309.1 365.6 Financialaccount 145.2 293.2 360.5 136.8 290.6 441.3 13 FA265000905Netlending(+)orborrowing(-),capitalaccount(lines10-11-12) 146.2 272.2 12 FA265420095Less:Acquisitionofnonproducednonfinancialassets 131.1 254.3 116.7 245.2 11 FA265440005Less:Netcapitaltransfers 231.5 10 FA266000095Netsaving 221.8 Capitalaccount 9FA266000095Equals:Netsaving(currentexternalbalance) 8FA266400201Currenttaxesandtrans.receiptsfromrestofworld(1) 7FA266904001U.S.incomereceiptsfromrestofworld 6FA266903011U.S.exportsofgoodsandservices 5FA266900005Less:ForeignoutlaystoU.S. 4FA266400101Currenttaxesandtrans.paymentstorestofworld 3FA266904101U.S.incomepaymentstorestofworld 2FA266903001U.S.importsofgoodsandservices 1FA266905005ForeignincomefromU.S. Currentaccount Billions ofdollars S.9.a RestoftheWorld

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Integrated Accounts Integrated Accounts 4 F23505 nuac,pninadsadrie urne cee 000000000000-. . 94 0.2 96 -0.0 1066.0 1227.5 0.0 -854.6 0.0 415.0 128.2 99 FL313111303 SDRallocations 0.0 1415.1 98 FL264090005 Totalfinancialassets(4) 361.0 0.0 Financialbalance sheetaccount(endofperiod) -455.7 0.0 97 FC262090095Changeinnetworth (lines13+66+96) -0.0 Changesinbalance sheetaccount 96 FR265000005Changesinnetworthduetonominalholdinggains/losses 95 FR263170005Otheraccountspayable 80 1782.9 94 FR263152005Insurance,pensionandstandardizedguaranteeschemes -666.7 93 FR263192005U.S.directinvestmentabroad 939.0 92 FR263164100Corporateequities 91 FR263181105Equityandinvestmentfundshares 291.4 -209.4 90 FR263169203Loans(otherloansandadvances) 296.5 89 FR263163005Debtsecurities(corporatebonds) 815.3 88 FR263191103Nonofficialforeigncurrencies 205.6 87 FR263191005U.S.privatedeposits 86 FR263111403ReservepositioninIMF(net) 85 FR263111503Officialforeigncurrencies 84 FR264100005Currencyanddeposits 68 83 FR313011303SDRholdings 296.2 163.4 82 FR264194005Liabilities 78.3 81 FR263070005Otheraccountsreceivable 9.8 80 FR263092001ForeigndirectinvestmentintheUnitedStates 79 FR263064203Mutualfundshares 78 FR263064105Corporateequities 100.3 77 FR263081005Equityandinvestmentfundshares 131.8 76 FR263063005Corporatebonds 24.8 75 FR263061705Agency-andGSE-backedsecurities 74 FR263061105Treasurysecurities 63 65 -27.8 73 FR263069103Openmarketpaper 11.2 213.3 72 FR264022005Debtsecurities 309.0 27.5 71 FR264000005Currencyanddeposits 329.3 47.4 70 FR263011005MonetarygoldandSDRs 404.6 69 FR264090005Financialassets 21.9 331.7 Revaluationaccount 9.9 240.6 342.6 -5.8 68 FU267005005Less:Statisticaldiscrepancy(lines13-65)(3) 468.7 67 FV268090085Othervolumechanges -1.0 66 FV268090185Totalothervolumechanges Otherchangesinvolumeaccount 4.9 65 FA265000005Netlending(+)orborrowing(-),financialaccount(lines15-43) Addendum: 64 FA263170005Otheraccountspayable 63 FA263152005Insurance,pensionandstandardizedguaranteeschemes 62 FA263194735Investmentbyholdingcompanies 61 FA263192005U.S.directinvestmentabroad 60 FA313092803U.S.governmentequityinIBRD,etc. 59 FA263164100Corporateequities 58 FA263181105Equityandinvestmentfundshares 57 FA713091103Nonoff.foreigncurrencies(swaplines) 56 FA263168005Depositoryinstitutionloansn.e.c. 55 FA263169005Otherloansandadvances 54 FA262151003Securityrepurchases 53 FA264141005Loans(shortterm) Billions ofdollars S.9.a RestoftheWorld 188

Z.1, March11,2021 02. 31. 53. 51. 64. 01. 96. 46. 98 34767.6 29967.3 30413.7 26642.2 25116.7 25138.2 23012.4 20025.7 06617. 456-4. 5. 981-79920. 91 2906.2 -2709.9 2948.1 257.5 -746.7 -415.6 1572.9 1086.6 82 3145.9 -2812.8 3084.5 305.4 -855.5 -411.6 1455.7 1231.5 0221 0421 0621 082019 2018 2017 2016 2015 2014 2013 2012 7. 0. 217-3. 0711. 12. 15493 1155.4 92 -1320.0 1750.8 1116.2 89 -1389.9 30.7 1831.9 240.5 226.8 -98.3 -535.3 -211.4 -281.7 135.3 -133.9 709.4 49.5 863.6 370.2 716.4 -102.6 17.1 -114.7 139.1 78 1774.9 76 77 -500.8 295.9 3708.0 1119.8 -1225.9 -288.4 2160.7 72 468.1 88.1 792.2 507.9 -228.2 -24.2 -455.5 -356.9 600.9 920.1 67.6 -206.7 1307.3 2197.2 -12.9 419.0 -69.5 670.0 -154.4 -268.0 69 129.5 87.9 4211.9 -1585.2 -382.2 2229.9 105.6 720.4 -727.4 1003.4 1816.7 775.8 61 118.9 59 58 -191.3 -169.4 -72.3 171.3 353.4 28.2 139.9 305.4 493.0 21.7 274.5 247.7 347.7 196.9 466.6 321.9 431.6 766.8 338.4 287.4 594.5 104.0 393.0 2. 2589. 5. 4. 2. 6. 9. 74 198.6 -61.5 -21.7 -43.0 -56.2 94.0 -215.8 -22.6 62 -1.2 24.9 57 -0.5 -1.8 -7.9 -81.2 6.5 -6.9 -14.6 4.6 -16.9 -0.5 -51.5 1.3 -8.6 -90.9 435. 124. 755. 914. 99 48.8 49.1 50.3 47.5 48.9 97 1257.8 51.2 1913.6 54.4 -540.9 744.1 54.3 470.1 1594.2 769.0 24.4 79 150.1 -58.4 101.9 32.8 -17.9 22.7 74.6 45.4 67 -21.5 66 377.1 -317.7 -15.6 213.7 -93.8 -75.5 -85.3 10.2 -90.1 -61.5 -193.3 65.4 40.6 11.4 39.3 56 86.8 58.2 54 109.1 12.7 116.4 34.1 -32.8 62.9 115.9 91.1 80.8 60.5 16.5 40.4 -108.6 36.0 01-. 05-. 0307-. . 95 0.0 -0.3 0.7 -0.3 -0.6 -0.5 85 -0.1 -0.5 -0.1 -0.8 3.7 -0.3 -2.8 -5.9 -2.6 75 73 13.4 -2.3 0.1 -7.9 71 0.8 -0.4 -1.4 1.5 -1.8 -0.9 -0.4 -3.7 -1.6 -1.4 8.0 -0.6 -1.1 -1.4 -11.4 -0.6 -1.3 -1.1 -0.0 1.5 -0.0 53 202.5 161.0 -10.7 153.1 143.8 111.6 -54.9 -7.5 ...... 90 0.0 0.0 88 0.0 87 0.0 -0.1 86 0.0 -0.1 0.0 -1.8 84 0.0 -0.8 -0.4 83 0.0 -7.2 -0.3 0.0 1.1 -3.0 0.0 1.0 -1.2 81 0.0 -2.5 -0.6 0.0 -2.4 0.6 2.9 0.1 0.0 -1.1 -0.3 0.0 -1.8 -1.5 -1.7 -3.3 0.0 0.4 0.1 -2.3 -9.4 0.0 0.0 -0.2 8.1 -3.3 -2.5 0.0 -0.3 0.1 5.8 -0.2 0.1 70 0.1 -0.3 0.2 -1.2 2.8 -1.5 -2.2 -3.2 0.1 64 2.0 0.1 2.7 60 7.4 1.4 2.7 1.3 1.4 1.5 55 7.1 -4.9 1.7 -5.8 9.5 2.1 2.8 3.3 2.1 -1.5 2.0 0.7 2.2 2.8 1.7 7.0

4 L6120 Isrne eso n tnadzdgaateshms232222264263282256330343145 334.3 323.0 295.6 140 17193.7 248.2 14359.7 17041.3 226.3 13600.2 216.4 12953.3 13233.5 222.2 12882.3 10714.8 223.2 147 FL262090095Networth(externalaccount) 146 LM263170005Otheraccountspayable 145 FL263152005Insurance,pensionandstandardizedguaranteeschemes 144 FL263194735Investmentbyholdingcompanies 143 LM263192005U.S.directinvestmentabroad 142 FL313092803U.S.governmentequityinIBRD,etc. 141 LM263164100Corporateequities 140 FL263181105Equityandinvestmentfundshares 139 FL713091103Nonoff.foreigncurrencies(swaplines) 138 FL263168005Depositoryinstitutionloansn.e.c. 137 FL263169005Otherloansandadvances 136 FL262151003Securityrepurchases 119 135 FL264141005Loans(shortterm) 88.0 134 LM263163005Bonds 85.0 120 133 FL263169105Commercialpaper 61.3 132 FL264122005Debtsecurities 118 74.2 9398.4 59.2 131 FL313091105Nonofficialforeigncurrencies 7333.5 130 LM263191005U.S.privatedeposits 60.6 7756.7 50.1 129 FL263111403ReservepositioninIMF(net) 128 FL263111503Officialforeigncurrencies 6502.8 47.2 127 FL264100005Currencyanddeposits 39.8 5731.4 51.0 5456.9 126 FL313011303SDRholdings 38.6 108 4948.4 41.9 1182.1 125 FL264194005Totalliabilities 3915.8 35.7 1087.0 104 43.1 124 FL262100005Totalliabilitiesandnetworth 1012.2 123.6 36.1 991.6 206.8 123 LM263070005Otheraccountsreceivable 32.3 916.5 158.0 122 FL543151905Pensionentitlements 899.6 121 FL543141905Lifeinsurancereserves 54.0 120 FL263076005Insurancereceivablesduefromproperty-casualtyinsurancecompanies 883.8 119 FL263052005Insurance,pensionandstandardizedguaranteeschemes 198.0 1001.2 118 LM263092001ForeigndirectinvestmentintheUnitedStates 257.6 117 LM263064203Mutualfundshares 292.2 116 LM263064105Corporateequities 115 FL263034003Moneymarketfundshares 23.5 114 FL263081005Equityandinvestmentfundshares 113 FL263069500LoanstoU.S.corporatebusiness 112 FL262051005Securityrepurchases 111 FL264041005Loans(shortterm) 110 LM263063005Corporatebonds 109 FL263062003Municipalsecurities 108 LM263061705Agency-andGSE-backedsecurities(2) 107 LM263061105Treasurysecurities 106 LM263069103Openmarketpaper 105 FL264022005Debtsecurities 104 FL264016005NetinterbankitemsduefromU.S.banks 103 FL263030005Timedeposits 102 FL263027003Transferabledeposits 101 FL263025003Currency 100 FL264000005Currencyanddeposits Billions ofdollars S.9.a RestoftheWorld (4) Nonfinancialassets,includingnonproducednonfinancialarenotincludedonthebalance sheet. reflectsdifferencesinsourcedata,timingofrecordedtransactions,andotherstatistical betweenthecapitalandfinancialaccounts. (3) Thestatisticaldiscrepancyisthedifferencebetweennetlendingorborrowingderivedin capitalaccountandthesameconceptderivedinfinancialaccount.Thediscrepancy theFinancingCorporation,andResolutionFundingtheyincludedStudent LoanMarketingAssociationuntilitwasfullyprivatizedin2004:Q4. (2) Government-sponsoredenterprises(GSEs)consistofFederalHomeLoanBanks,FannieMae, FreddieMac,FederalAgriculturalMortgageCorporation,FarmCreditSystem, currenttaxesandtransferpaymentstotherestofworldnettaxes,contributions forgovernmentsocialinsurance,andtransferreceiptsfromtherestofworld. (1) Priorto1999,currenttaxes,contributionsforgovernmentsocialinsurance,andtransferreceipts fromtherestofworld(line8)arenotseparatelydisplayed,andline4includes

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Integrated Accounts