F100. Households and Non-profit Organizations

Federal Reserve definition for F100 flow of funds table

This sector includes individual investors (households, including farm households) and nonprofit organizations, such as private foundations, schools, churches, labor unions, and hospitals.

Nonprofits account for about 6% of this sector's financial assets, but they own a larger share of some of the individual financial instruments held by the sector. Non-profits are included because data for them are not available separately, except for the years 1987 to 1996. (Supplementary tables F.100a and L.100a present the latest available data for nonprofits.)

This sector accounts for about 40% of financial assets of all sectors combined (1997). For most categories of financial assets, the values for the household sector are calculated as residuals. Amounts held or owed by other sectors are subtracted from known totals, and the remainders are assumed to be the amounts owed or held by the household sector.

For a few series, such as consumer credit, data for the sector are available directly and are not calculated as residuals. When microeconomic data are available, such as the Federal Reserve Board's Survey of Consumer Finances, asset and liability totals for the sector are reviewed in light of that data, and the flow of funds series are sometimes adjusted to take into account the additional information.

The U.S. flow of funds accounts for the household sector does not include the transactions of unincorporated business; those are shown separately in the tables for the nonfarm noncorporate and farm business sectors. The household sector includes individual investors and non-profit organizations.

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