L.223 Direct Investment Intercompany Debt
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2020 2021 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 Line
Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability (1) LM263192305 40.7 -36.2 -72.2 -77.7 -48.3 -78.6 -72.2 -64.1 -61.6 1
Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability LM263192313 699.9 723.6 731.9 740.6 753.3 728.5 731.9 748.3 752 2
Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset LM263092313 659.1 759.9 804.2 818.3 801.6 807.1 804.2 812.5 813.6 3
Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) LM103092305 33.6 -29.7 -59.9 -63.9 -39.9 -65 -59.9 -53.1 -57.2 4
U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) LM763092305 1.7 -1.5 -3 -3.2 -1.9 -3.3 -3 -2.6 -1.1 5
Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) LM513092305 1.2 -1.1 -2.1 -2.4 -1.5 -2.3 -2.1 -1.9 -0.7 6
Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) LM543092375 0.5 -0.3 -0.2 -0.6 -0.3 -0.3 -0.2 -0.3 -0.1 7
Finance companies; U.S. direct investment abroad: intercompany debt (market value) LM613092305 1.8 -1.7 -3.7 -3.7 -2.3 -3.9 -3.7 -3.3 -1.5 8
Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) LM663092305 0 0 0 0 0 0 0 0 0 9
Holding companies; U.S. direct investment abroad: intercompany debt (market value) LM733092305 2 -1.9 -3.4 -4 -2.4 -3.8 -3.4 -3 -1 10
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) LM103192305 321.1 311.9 381.7 320.5 331.1 362.4 381.7 360.9 373.3 11
Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) LM115114305 5.7 5.3 5.5 5.4 5.3 5.5 5.5 5.2 5.1 12
Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) LM753192305 20 17.1 16.9 16.6 16.2 16.7 16.9 16.2 16.4 13
Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) LM513192305 11.3 10.3 10.5 10.2 10 10.5 10.5 9.9 9.7 14
Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) LM543192375 12.6 11.4 6.6 10.1 8.4 7.5 6.6 6.4 6.8 15
Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) LM613192305 7.1 7.3 7.3 7.3 7.1 7.4 7.3 6.8 6.4 16
Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) LM663192305 14.3 15.6 14.5 15.2 14.2 13.9 14.5 13.7 12.1 17
Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) LM733192305 105.7 105.8 70.2 101.7 91.7 83.2 70.2 70.7 61.2 18
Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) LM503192305 0 0 0 0 0 0 0 0 0 19
Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) LM263092305 497.8 484.6 513.2 487 483.9 507.2 513.2 489.9 490.9 20
Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset LM263092323 953.6 959.7 981.2 961.2 962 983.1 981.2 962 957.9 21
Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability LM263192323 455.8 475.1 468.1 474.2 478.1 475.9 468.1 472.1 467 22
Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) LM263192005 8234.5 9690.6 8004.8 9079.6 7673.7 7018.4 8004.8 8709.2 8932.9 23
Rest of the world; foreign direct investment in U.S.; asset (market value) LM263092001 10760.7 13647.7 10990.5 12941.4 10851.9 10287.4 10990.5 11749.7 12806.9 24

NOTES

  1. Direct investment is presented on a directional basis and reported at market value.
  2. Memo totals are the sum of direct investment equity (tables F.225.a and L.225.a) and intercompany debt (tables F.223 and L.223).
Last Update: September 11, 2023