The Federal Reserve Board has commenced its 2025 Census of Finance Companies and Other Lenders, as announced on Friday. This regular census aims to gather data on the types and volumes of financing provided by nonbank financial institutions to households and businesses in the United States.

Since 1955, the Federal Reserve has surveyed the assets and liabilities of finance companies approximately every five years. The data collected serve as a benchmark for a monthly report on the outstanding accounts receivable of finance companies and offer a comprehensive update on these companies' sources of funds. This information contributes significantly to the Federal Reserve's estimates of total consumer credit and the Financial Accounts of the United States, which is an integrated set of sector-level balance sheets tracking financial flows across various sectors of the economy.

An attached letter from Chair Jerome H. Powell was sent to about 13,000 companies encouraging their participation in this census. It assures that individual responses will be kept confidential. Further details about the census can be found at www.federalreserve.gov/financecocensus.