# Flow of funds Canonical: https://web4.xpay.bi/en/wiki/wp-en-8797754/ Language: en Published: 2026-10-24T20:30:25.855Z Updated: 2026-10-24T20:30:25.855Z Flow of funds accounts are a system of interrelated balance sheets for a nation, calculated periodically. There are two types of balance sheets: those showing ## Key facts ## Overview Flow of funds accounts are a system of interrelated balance sheets for a nation, calculated periodically. There are two types of balance sheets: those showing The aggregate assets and liabilities for financial and nonfinancial sectors, and What sectors issue and hold financial assets (instruments) of a given type. The sectors and instruments are listed below. These balance sheets measure levels of assets and liabilities. From each balance sheet a corresponding flows statement can be derived by subtracting the levels data for the preceding period from the data for the current period. (In the statistical analysis of time series, this operation is known as "first differencing.") The change in a level item between two adjacent periods is known as a "fund flow"; hence the name for these accounts. ## Main topics covered in the FF accounts Total debt broken down by issuer and holder Connection to national accounts, and derivation of measures of aggregate saving Fund flows originating in each sector Levels: Assets and liabilities for broad sectors and for specific financial sectors Sectors issuing and holding instruments of a given class Miscellaneous aggregate financial data ## Organization of the flow of funds accounts of the US The flow of funds (FOF) accounts of the United States are prepared by the Flow of Funds section of the Board of Governors of the Federal Reserve System and are published quarterly in a publication called the Z.1 Statistical Release. Current and historical releases available in PDF, CSV, or XML format. Data frequency is annual from yearend 1945 and quarterly beginning in 1952Q1. Detailed interactive documentation is also available. The flow of funds accounts follow naturally from double-entry bookkeeping; every financial asset is also a liability of some domestic or foreign human entity. A fundamental fact about any economic sector is its balance sheet, a breakdown of its physical and financial assets, and of its liabilities. The only physical assets noted in the FF accounts are those of private nonfinancial sectors. ## Broad structure of the US economy Nonfinancial sectors: Households and nonprofit organizations Nonfinancial firms Corporations, farms excepted Unincorporated firms, farms excepted Farms Government Federal State & local Rest of the world (foreign sector) Financial sector: Firms Instruments ## Organisation of the flow of funds accounts of the UK The UK flow of funds accounts are prepared by the Office for National Statistics in a series of matrices. The first tables will be published in Blue Book 2014, to be released in September 2014. They contain the sectors and instruments shown below: ## Sectors Public Corporations Private non-Financial Corporations Monetary Financial Institutions Other Financial Institutions Insurance Corporations and Pension Funds Central Government Local Government Households and NPISH UK total economy Rest of the World ## Financial Instruments Monetary Gold and Special Drawing Rights Currency and Deposits Currency Transferable Deposits With UK MFIs With Rest of the World MFIs Other deposits Debt securities Short term debt securities issued by UK Central Government by UK Local Government by UK MFIs MMIs by other UK residents MMIs by rest of the world Long term debt securities issued by UK Central Government by UK Local Government Medium term bonds by UK MFIs Medium and long-term bonds by other UK residents Long term bonds by rest of the world Loans Short-term loans by UK MFIs by ROW MFIs Long-term loans Direct Investment loans Secured on dwellings Finance leasing Other long-term loans by UK residents Other long-term loans by rest of the world Equity and investment fund shares/units Shares and other equity, excluding mutual funds shares Listed UK shares Unlisted UK shares Other UK equity UK shares and bonds issued by other UK residents Shares and other equity issued by the rest of the world Investment fund shares/units UK investment funds' shares Rest of the world mutual funds' shares Insurance technical reserves Non-life insurance technical reserves Life insurance and annuity entitlements Pension schemes Provisions for calls under standardised guarantees Financial derivates and employee stock options of which; Financial Derivatives Other accounts payable / receivable ## See also National accounts ## External links Z.1 Release—Flow of Funds Accounts of the United States: Current, 1996 - present, All historical Archived 2012-06-10 at the Wayback Machine Federal Reserve Board: Data Download Program Federal Reserve Board: Flow of Funds Guide Federal Reserve Bank of St. Louis FRASER: Z.1 ## Sources - Flow of funds · Wikipedia: https://en.wikipedia.org/?curid=8797754 Source: Wikipedia contributors — https://en.wikipedia.org/?curid=8797754&oldid=1300516418 Licence: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation notice: Reformatted for XPay; the source may be abridged, restructured or translated. Consult the cited revision for the original.