美国金融账户-资金流、资产负债表和综合宏观经济账户（英）-2021.9-205页_1mb

Summary of FEDERAL RESERVE STATISTICAL RELEASE Z.1: Second Quarter 2021

Core Content

The Federal Reserve's Statistical Release Z.1 provides a comprehensive overview of the financial accounts of the United States for the second quarter of 2021. It includes detailed data on balance sheets, flow of funds, and integrated macroeconomic accounts (IMA), offering insights into the financial health and structure of various sectors.

Key Highlights

Household Net Worth and Domestic Nonfinancial Debt

• Household and nonprofit organizations net worth: Increased to $141.7 trillion in Q2 2021.
• Corporate equities: Rose by $3.5 trillion.
• Real estate: Increased by $1.2 trillion.
• Total domestic nonfinancial debt: Reached $63.3 trillion at the end of Q2 2021.
  • Household debt: $17.3 trillion, up 7.9% annually.
  • Consumer credit: Grew at an annual rate of 8.6%.
  • Mortgage debt: Increased at an annual rate of 8% (excluding charge-offs).
  • Nonfinancial business debt: $18.0 trillion, up 1.4% annually.
  • Federal government debt: $28.0 trillion, up 9.6% annually.
  • State and local government debt: $28.0 trillion, up 3.1% annually.

Growth Rates

• Domestic nonfinancial debt growth: 6.4% annually in Q2 2021, down from 6.7% in Q1 2021.
• Household net worth growth: 6.4% in Q2 2021.
• Nonfinancial business debt growth: 1.4% in Q2 2021.
• Federal government debt growth: 9.6% in Q2 2021.
• State and local government debt growth: 3.1% in Q2 2021.

Data Revisions and Methodology

• Derivation of U.S. Net Wealth: Revised to reflect improved estimates of domestic corporations’ nonfinancial assets.
• Nonprofit loans and advances receivable: Moved from supplementary tables to instrument tables.
• Debt security short sales: Revised for the security brokers and dealers sector to reflect improved methodologies.
• Investment banks to bank holding companies: Transition reflected in the other financial business sector.
• Seasonal adjustment: Recalculated from 2010:Q1 to 2019:Q4. For 2020:Q1 onward, extrapolated due to the impact of the pandemic.
• Statistical discrepancies: Acknowledged due to measurement errors and data incompatibilities. They indicate the quality of underlying data.

Data Sources and Availability

• Data revisions: Ongoing due to improved estimation methods and updated source data.
• Most recent data available:
  • NIPA: Second estimate, seasonally adjusted, for 2021:Q2.
  • Household and nonprofit sector: Estimates derived from other sectors' data.
  • Nonfinancial corporate business: Quarterly Financial Report (QFR) through 2021:Q2.
  • Private pension funds: Form 5500 data through 2019, with Investment Company Institute data through 2021:Q1.
  • Government-sponsored enterprises (GSEs): Data through 2021:Q2, with FICO dissolved in 2020:Q2.
  • All other sectors: Data through 2021:Q2.

Data Tables and Structure

• Summaries:
  • Financial Accounts Matrix—Transactions: Page 1
  • Financial Accounts Matrix—Levels: Page 3
  • Debt Growth by Sector: Table D.1, Page 5
  • Borrowing by Sector: Table D.2, Page 6
  • Debt Outstanding by Sector: Table D.3, Page 7
  • Derivation of U.S. Net Wealth: Table B.1, Page 8
• Sectors:
  • Domestic Nonfinancial: Tables F.100 and L.100, Pages 15 and 77
  • Households and Nonprofit Organizations: Tables F.101 and L.101, Pages 16 and 78
  • Nonfinancial Business: Tables F.102 and L.102, Pages 17 and 79
  • Nonfinancial Corporate Business: Tables F.103 and L.103, Pages 18 and 80
  • Nonfinancial Noncorporate Business: Tables F.104 and L.104, Pages 19 and 81
  • General Government: Tables F.105 and L.105, Pages 20 and 82
  • Federal Government: Tables F.106 and L.106, Pages 21 and 83
  • State and Local Governments: Tables F.107 and L.107, Pages 22 and 84
  • Domestic Financial: Tables F.108 and L.108, Pages 23 and 85
• Instruments:
  • Debt Securities: Table F.208, Page 55
  • Corporate and Foreign Bonds: Table F.213, Page 60
  • Loans: Table F.214, Page 61
  • Other Loans and Advances: Table F.216, Page 63
  • Total Mortgages: Table F.217, Page 64

Additional Information

• Integrated Macroeconomic Accounts (IMA): Published jointly by the Federal Reserve Board and BEA, aligning with SNA2008 guidelines.
• Data Visualization: Enhanced Financial Accounts provide more detailed and visual data.
• Data Access:
  • Online: Available at www.federalreserve.gov/releases/Z1
  • CSV files: Offer quarterly data at seasonally adjusted annual rates, unadjusted transactions, and levels.
  • Customizable datasets: Available via the Federal Reserve Board's Data Download Program at www.federalreserve.gov/datadownload/default.htm

Notes

• Seasonal adjustment: Generated using the X-13-ARIMA program.
• Data accuracy: Subject to revisions due to updated source data and methodologies.
• Statistical discrepancies: Acknowledged and included to reflect data limitations.