Z1: 2024:Q3 preview now available for the Financial Accounts of the United States
The Federal Reserve Board (FRB) today released a preview of the Z1 account for the third quarter of 2024, providing a snapshot of the financial assets and liabilities of U.S. households, businesses, and governments.
The Z1 account is a quarterly report that presents a comprehensive view of the U.S. financial system. It includes data on the stock of financial assets and liabilities, as well as flows of funds between different sectors of the economy.
The preview of the Z1 account for the third quarter of 2024 shows that total financial assets held by U.S. residents increased by $2.3 trillion, or 1.5%, to $155.3 trillion. This increase was driven by a rise in both debt and equity securities.
Total financial liabilities held by U.S. residents also increased by $2.3 trillion, or 1.5%, to $152.6 trillion. This increase was driven by a rise in both short-term and long-term debt.
The net worth of U.S. households and businesses increased by $1.1 trillion, or 0.8%, to $141.7 trillion. This increase was driven by a rise in the value of their financial assets, which outpaced the increase in their financial liabilities.
The FRB will release the full Z1 account for the third quarter of 2024 on December 15, 2024.
Additional information:
- The Z1 account is available on the FRB’s website at: https://www.federalreserve.gov/releases/z1/
- The Z1 account is used by economists, policymakers, and financial market participants to track the health of the U.S. financial system.
- The Z1 account is a key input into the FRB’s Flow of Funds Accounts, which provide a comprehensive overview of the flow of funds in the U.S. economy.
Z1: 2024:Q3 preview now available for the Financial Accounts of the United States
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