Z.1 Financial Accounts of the United States. Flow of Funds, Balance Sheets, and Integrated Macroeconomic Accounts First Quarter 2014. Board of Governors of the Federal Reserve, June 5, 2014.
“The net worth of households and nonprofits was $81.8 trillion at end of the first quarter this year, about $1.5 trillion more than at end of 2013. In the first quarter, the value of directly and indirectly held corporate equities increased $361 billion and the value of real estate expanded $751 billion. Domestic nonfinancial debt outstanding was $42.6 trillion at the end of the first quarter of 2014, of which household debt was $13.2 trillion, nonfinancial business debt was $13.9 trillion, and total government debt was $15.5 trillion. Domestic nonfinancial debt growth was 5 percent at a seasonally adjusted annual rate in the first quarter of 2014, about ¼ percentage point less than in the fourth quarter of 2013. Household debt edged up at an annual rate of 2 percent in the first quarter (excluding charge-offs of home mortgages). Net originations of home mortgages continued to be weak, while consumer credit continued to grow at the pace of the previous two years. Nonfinancial business debt rose at an annual rate of 7.3 percent in the first quarter, after a 6.6 percent increase in the fourth quarter. As in recent years, corporate bonds accounted for most of the increase. State and local government debt declined at an annual
rate of 0.7 percent in the first quarter, after declining at a 4.9 percent rate in the fourth quarter. Federal government debt rose at an annual rate of 7.1 percent in the first quarter, a bit slower than the pace of growth in the fourth quarter.”