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Nonfinancial Corporate Business; Capital Formation, Net (Includes Equity REIT Residential Structures) (IMA), Transactions (NCBFNEQ027S)

Observations

Q2 2025: 667,227
Updated: Sep 11, 2025 3:50 PM CDT
Q2 2025:  667,227  
Q1 2025:  865,681  
Q4 2024:  646,368  
Q3 2024:  753,284  
Q2 2024:  756,433  

Units:

Millions of Dollars,
Seasonally Adjusted Annual Rate

Frequency:

Quarterly

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Notes

Title Release Dates
Nonfinancial corporate business; capital formation, net (includes equity REITs) (IMA), Flow 2013-06-06 2019-03-06
Nonfinancial corporate business; capital formation, net (includes equity REIT residential structures) (IMA), Flow 2019-03-07 2020-03-11
Nonfinancial Corporate Business; Capital Formation, Net (Includes Equity REIT Residential Structures) (IMA), Transactions 2020-03-12 2025-09-11
 
Source    
Board of Governors of the Federal Reserve System (US) 2013-06-06 2025-09-11
 
Release    
Z.1 Financial Accounts of the United States 2013-06-06 2025-09-11
 
Units    
Millions of Dollars 2013-06-06 2025-09-11
 
Frequency    
Quarterly 2013-06-06 2025-09-11
 
Seasonal Adjustment    
Seasonally Adjusted Annual Rate 2013-06-06 2025-09-11
 
Notes    
The source ID is FA105050985.Q

This data appear in Table S.5.q of the 'Integrated Macroeconomic Accounts for the United States.'

These tables present a sequence of accounts that relate production, income and spending, capital formation, financial transactions, and asset revaluations to changes in net worth between balance sheets for the major sectors of the U.S. economy. They are part of an interagency effort to further harmonize the BEA National Income and Product Accounts (NIPAs) and the Federal Reserve Board Flow of Funds Accounts (FFAs). The structure of these tables is based on the internationally accepted set of guidelines for the compilation of national accounts that are offered in the System of National Accounts 1993 (SNA).

Cautionary note on the use of the integrated macroeconomic accounts (IMA) - The estimates that are provided on this page are based on a unique set of accounting standards that are founded on the SNA. Accordingly, some of the estimates in in the IMA tables will differ from the official estimates that are published in the NIPAs and FFAs due to conceptual differences. There will also be some statistical differences between the estimates in these tables and those in the related accounts. For further information on the conceptual differences, see the paper at https://www.bea.gov/data/special-topics/integrated-macroeconomic-accounts.

2013-06-06 2019-03-06
Source ID: FA105050985.Q

For more information about the Flow of Funds tables, see: https://www.federalreserve.gov/apps/fof/Default.aspx

For a detailed description, including how this series is constructed, see: https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FA105050985&t=

2019-03-07 2019-12-11
Source ID: FA105050985.Q

For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx).

With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx).

In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FA105050985&t=) provided by the source.

2019-12-12 2025-09-10
Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx).##With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx).##In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FA105050985&t=) provided by the source.



 2025-09-11 2025-09-11

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Equity Real Estate Investment Trust Integrated Macroeconomic Accounts Equity Nonfinancial Capital Transactions Buildings Corporate Net Business Z.1 US Financial Accounts Board of Governors Quarterly Seasonally Adjusted Nation Public Domain: Citation Requested United States of America