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Date  | Highlights  | Count |
| 2012q2 | Seasonal factors for quarterly flows have been recalculated for the period 2002:Q1 forward. The seasonal factors were generated using the X-12-ARIMA/88 seasonal adjustment program from Statistics Canada. | 1 |
| 2012q2 | The statistics in this publication reflect the annual revisions to the national income and product accounts (NIPAs) from 2009 forward released by the Bureau of Economic Analysis (BEA) of the Department of Commerce on July 27, 2012, and subsequent information for 2012:Q2 released on August 29, 2012. The August 2012 issue of the Survey of Current Business provides details on the major features of this annual revision. | 2 |
| 2012q2 | Data for investment and depreciation flows of all sectors, and capital stocks for the household, nonfarm nonfinancial corporate business, and nonfarm noncorporate business sectors have been revised to reflect updated annual estimates of fixed assets from the BEA. | 3 |
| 2012q2 | Revisions to the rest of the world sector (tables F.106 and L.106) reflect new estimates of the balance of payments and the international investment position from the BEA for 2008 through 2011. The new estimates are detailed in the July 2012 issue of the Survey of Current Business. | 4 |
| 2012q2 | Asset holdings of state and local governments (tables F.104 and L.104) were revised from 2003:Q3 forward based on information from the 2011 Comprehensive Annual Financial Reports of a few large states and a sample of local entities. | 5 |
| 2012q2 | The finance company sector (tables F.125 and L.125) has been revised from 2010:Q4 forward to incorporate the Federal Reserve 2010 Census of Finance Companies (CFC) and Survey of Finance Companies (SFC). The CFC and SFC are conducted every five years. Due to the enlarged universe of companies reporting in the 2010 survey, there are sizable discontinuities in 2010:Q4 for most series. | 6 |
| 2012q2 | The holding companies sector (tables F.128 and L.128) has been expanded beginning in 2012:Q1 to include top-tier savings and loan holding companies (SLHC) required to file the Quarterly Savings and Loan Holding Company Report (FR 2320), which covers SLHCs for whom the savings and loan institution is not their primary business. Mutual stock companies that file this form are excluded because they have no assets or liabilities at the holding company level. Also, a new asset, net transactions with property-casualty insurance company subsidiaries, has been added to the table. | 7 |
| 2012q2 | The Treasury securities instrument table (tables F.209 and L.209) has been modified to show additional detail on the composition of Treasury securities held by the monetary authority and rest of the world sectors. Treasury bills, considered short- term, are now shown separately from other Treasury securities. Data begin in 1945:Q4 for the monetary authority sector and in 1971:Q1 for the rest of the world sector. | 8 |
| 2012q1 | The Flow of Funds Accounts have been restructured to reflect regulatory filing changes for U.S.-chartered depository institutions. In particular, savings institutions now file the same regulatory report as the U.S.-chartered commercial banks, and savings and loan holding companies now file the same report as bank holding companies. Most of the sector tables have been renumbered due to the deletion, addition, and reordering of tables. Specific changes resulting from this restructuring are detailed below. | 9 |
| 2012q1 | The U.S.-chartered commercial banks sector (previously shown on tables F.110 and L.110) and the savings institution sector (previously shown on tables F.114 and L.114) have been combined into a new sector called U.S.-chartered depository institutions (new tables F.110 and L.110). Most of the previously published series for U.S.-chartered commercial banks and savings institutions are still available as separate series in the online Federal Reserve Data Download Program (DDP). | 10 |
| 2012q1 | A new sector, called private depository institutions (tables F.109 and L.109), presents the combined total of U.S.-chartered depository institutions (tables F.110 and L.110), foreign banking offices in U.S. (tables F.111 and L.111), banks in U.S.-affiliated areas (tables F.112 and L.112), and credit unions (tables F.113 and L.113). | 11 |
| 2012q1 | The bank holding companies sector (previously shown on tables F.112 and L.112) has been renamed holding companies and relocated in the publication (tables F.128 and L.128). The sector now includes parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form Y-9LP or the Y-9SP. | 12 |
| 2012q1 | The instrument category net interbank transactions (tables F.203 and L.203) now measures transactions between private depository institutions, their foreign affiliates, and the monetary authority. Specifically, holding companies are no longer included in this instrument category, and some assets of savings institutions, banks in U.S.-affiliated areas, and credit unions, which were previously classified as checkable deposits (tables F.204 and L.204) and time and savings deposits (F.205 and L.205) are now included in the instrument category net interbank transactions. Time and savings deposits held by holding companies, which previously had been included in net interbank transactions, are now reported on the time and savings deposits table. | 13 |
| 2012q1 | The instrument category bank loans n.e.c has been renamed depository institution loans n.e.c. (tables F.215 and L.215), and now includes savings institutions and credit unions loans to business (which have been removed from the other loans and advances instrument category; tables F.216 and L.216). At the same time, holding company loans have been moved from the bank loans n.e.c. table to the other loans and advances table. In addition, holding company loans to the rest of the world sector have been added to the other loans and advances table. | 14 |
| 2012q1 | The Integrated Macroeconomic Accounts (IMA) quarterly tables, jointly produced with the Bureau of Economic Analysis (BEA), will now include data back to 1960:Q1. Additionally, instrument category titles on the IMA tables have been changed to be consistent with 2008 System of National Accounts (SNA); and descriptions of some instruments on the Series Structure page of the Flow of Funds Guide now include corresponding 2008 SNA instrument identifiers in parentheses. | 15 |
| 2012q1 | The market value of both residential and nonresidential real estate (tables B.102 and B.103) has been revised from 1996:Q2 forward due to improved source data. Commercial repeat-sales price indexes from CoStar, including one on apartments, are now being used in the calculation of the market value of real estate. Previously for this time period, price indexes from National Real Estate Investor (NREI) and the National Council of Real Estate Investment Fiduciaries (NCREIF) were used. The CoStar indexes offer much broader coverage of these markets than either the NREI of the NCREIF indexes. For the period from the most recent benchmark in 1989:Q4 through 1996:Q1 the calculations will continue to incorporate price indexes from the NREI. | 16 |
| 2012q1 | Assets of the nonfarm nonfinancial corporate business sector (tables F.102, L.102, B.102, and R.102) have been revised from 2010:Q1 forward, to reflect new advance data from the Internal Revenue Service (IRS) Statistics of Income (SOI) for 2010, new data on mutual fund holdings from the Investment Company Institute (ICI) for 2011, and changes to judgmental factors used to create estimates for the most recent quarters. | 17 |
| 2011q4 | Tables in the Z.1 for the farm sector (tables F.104 and L.104) have been discontinued, but no tables in the release have been renumbered. Corporate farms are now included with the nonfinancial corporate sector (tables F.102, L.102, B.102, and R.102), and noncorporate farms are included with the nonfinancial noncorporate sector (tables F.103, L.103, B.103, and R.103). These changes make the tables for the nonfinancial business sectors consistent in concept with the tables shown in the Integrated Macroeconomic Accounts (IMA). The IMAs are a joint publication of the Bureau of Economic Analysis and the Federal Reserve Board that presents a full sequence of accounts as described in the System of National Accounts (SNA). In addition, farm land is now included on tables S.4.a, S.4.q, S.5.a, and S.5.q in the IMA. The underlying farm series are still available as unpublished series from the online Federal Reserve Data Download Program (DDP). | 18 |
| 2011q4 | Starting with 2006:Q1, the U.S. chartered commercial banks sector (tables F.110 and L.110) and the bank holding companies sector (tables F.112 and L.112) have been modified to show bank-owned life insurance (BOLI) reserves as a separate line item. These reserves were formerly included in miscellaneous assets. Life insurance reserves of the household sector (tables F.100 and L.100) have been reduced by the amount of the BOLI assets, leaving total life insurance reserve liabilities in the life insurance sector (tables F.117 and L.117) unchanged. The instrument table for life insurance and pension fund reserves (F.225 and L.225) has been modified to show the BOLI assets of banks and bank holding companies. | 19 |
| 2011q4 | For the real estate investment trust (REITS) sector (tables F.128 and L.128), separate data for equity REITS and mortgage REITS are now available through the Federal Reserve Data Download Program (DDP). Detail on the calculations can be found in the Flow of Funds Guide. | 20 |
| 2011q4 | In the Flow of Funds Guide, descriptions of some sectors on the Series Structure page now include Corresponding 2008 SNA sector identifiers in parentheses. | 21 |
| 2011q3 | In the nonfarm noncorporate business sector (tables F.103, L.103, B.103, and R.103), data have been revised from 2009:Q1 forward, owing to benchmark statistics available from the IRS/SOI for 2009. | 22 |
| 2011q3 | The federal government sector (tables F.106 and L.106) has been modified to show additional detail on the composition of Treasury debt. Treasury bills, considered short-term debt, are now shown separately from other Treasury debt. This new detail is also shown on the instrument table for the Treasury securities (tables F.209 and L.209). | 23 |
| 2011q3 | The instrument tables on municipal securities and loans (tables F.211 and L.211) have been revised from 2004:Q1 forward to reflect a change in data sources. Data on debt outstanding and net issuance for state and local governments, nonprofit organizations, and nonfinancial corporate business (industrial revenue bonds) are now based on data from Mergent, a private data vendor. The new data indicate that municipal securities and loans outstanding in 2004:Q1 is $740 billion greater than previously estimated in the flow of funds accounts. The estimate of household holdings of municipal securities and loans is revised up by about $840 billion, on average, from 2004 forward. | 24 |
| 2011q2 | The web-based guide to the Flow of Funds Accounts has been expanded to include two new features. The "Release Highlights" page lists major data revisions and other changes to the accounts in a searchable format for all Z.1 releases beginning with 2004:Q1. The "Code Changes" page lists changes to flow of funds mnemonics in a sortable and searchable format beginning with 2009:Q4. The guide is located at: http://www.federalreserve.gov/apps/fof/ | 25 |
| 2011q2 | Seasonal factors for quarterly flows have been recalculated for the period 2001:Q1 forward. The seasonal factors were generated using the X-12- ARIMA/88 seasonal adjustment program from Statistics Canada. The seasonals of several series received special treatment due to the recent financial crisis: seasonal factors for money market mutual fund assets and those for federal government deposits at the Federal Reserve and commercial banks were not revised. | 26 |
| 2011q2 | The statistics in this publication reflect the annual revisions to the national income and product accounts (NIPAs) from 2003 forward released by the Bureau of Economic Analysis (BEA) of the Department of Commerce on July 29, 2011, and subsequent information for 2011:Q2 released on August 26, 2011. The August 2011 issue of the Survey of Current Business provides details on the major features of this annual revision. | 27 |
| 2011q2 | Data for investment and depreciation flows of all sectors, and capital stocks for the household, nonfarm nonfinancial corporate business, and nonfarm noncorporate business sectors have been revised to reflect updated annual estimates of fixed assets from the BEA. | 28 |
| 2011q2 | Revisions to the rest of the world sector (tables F.107 and L.107) reflect new estimates of the balance of payments and the international investment position from the BEA for 2007 through 2010. The new estimates are detailed in the July 2011 issue of the Survey of Current Business. | 29 |
| 2011q2 | A new table for the financial business sector (tables F.108 and L.108) has been added to the Flow of Funds Accounts (Z.1). The total commercial banking sector, which aggregated the U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas, has been deleted from the accounts. The monetary authority sector, previously shown on tables F.108 and L.108, has been renumbered and is now shown on tables F.109 and L.109. | 30 |
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