Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

F.103 Nonfinancial Corporate Business

2016:Q2 Release Date: September 16, 2016

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description		 Series code 2010
2011
2012
2013
2014
2015
2015
Q2		 2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2
Line
Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj FA106060005 1039.2 1009.0 1241.4 1314.8 1371.6 1258.6 1321.2 1277.2 1130.1 1229.3 1284.0 1
Nonfinancial corporate business; taxes on corporate income FA106231005 220.6 228.8 266.7 283.6 313.7 308.1 322.1 306.1 277.6 312.7 319.1 2
Nonfinancial corporate business; net dividends paid FA106121075 375.5 441.0 517.9 531.9 579.6 608.0 594.2 617.9 625.5 626.8 609.5 3
Nonfinancial corporate business; capital consumption allowance FA106300015 1077.3 1236.1 1107.0 1138.7 1203.6 1266.1 1255.4 1276.8 1289.3 1290.2 1301.2 4
Nonfinancial corporate business; U.S. internal funds, book FA106000135 1520.4 1575.2 1563.8 1638.0 1682.0 1608.5 1660.4 1630.0 1516.2 1580.1 1656.7 5
Nonfinancial corporate business; foreign earnings retained abroad FA106006065 218.2 215.1 189.8 226.2 228.1 216.2 205.8 199.0 230.6 208.1 200.5 6
Nonfinancial corporate business; inventory valuation adjustment (IVA) FA105020601 -41.0 -68.3 -14.2 3.3 3.0 54.8 6.8 59.7 71.4 61.2 -51.2 7
Nonfinancial corporate business; net capital transfers paid FA105440005 20.9 -6.4 -17.0 -5.7 -6.7 -3.2 -4.4 -3.7 -1.9 -1.7 -1.6 8
Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid FA106000105 1676.7 1728.5 1756.4 1873.2 1919.8 1882.8 1877.4 1892.3 1820.1 1851.0 1807.5 9
Nonfinancial corporate business; gross investment FA105090005 1380.6 934.4 1022.1 1627.9 1173.9 1797.0 2027.7 1753.2 1595.5 1724.6 1996.4 10
Nonfinancial corporate business; total capital expenditures FA105050005 1235.4 1331.9 1501.2 1565.0 1677.4 1765.7 1854.5 1752.8 1710.0 1678.0 1648.5 11
Nonfinancial corporate business; gross fixed investment FA105019005 1178.6 1297.4 1434.7 1490.0 1617.7 1654.6 1642.7 1686.4 1653.9 1637.8 1624.4 12
Nonfinancial corporate business; inventories including IVA FA105020005 57.9 34.9 65.8 73.6 57.9 81.2 91.3 66.6 56.5 40.8 -8.0 13
Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) FA105420005 -1.1 -0.5 0.8 1.4 1.8 29.9 120.5 -0.2 -0.3 -0.6 32.0 14
Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) FA105000005 145.2 -397.5 -479.0 62.9 -503.5 31.3 173.2 0.4 -114.5 46.6 347.9 15
Nonfinancial corporate business; total financial assets FA104090005 632.7 496.8 506.3 989.6 790.2 918.5 1077.4 841.3 818.9 990.9 1019.0 16
Nonfinancial corporate business; private foreign deposits; asset FA103091003 9.1 -5.8 0.6 42.1 -8.9 -20.6 23.3 -32.4 -4.0 -41.6 42.2 17
Nonfinancial corporate business; checkable deposits and currency; asset FA103020005 79.6 30.8 -45.5 63.5 39.1 -13.3 204.0 -11.6 -93.7 -16.5 90.5 18
Nonfinancial corporate business; total time and savings deposits; asset FA103030003 59.9 13.2 33.3 35.8 -21.5 -30.6 -134.4 15.7 -55.4 -10.1 64.1 19
Nonfinancial corporate business; money market mutual fund shares; asset FA103034003 -157.7 -35.4 57.1 39.7 -0.9 18.6 3.8 50.2 72.2 -8.8 9.6 20
Nonfinancial corporate business; security repurchase agreements; asset FA102051003 4.3 0.4 -2.9 -1.0 12.9 4.4 6.5 5.7 2.9 -12.6 -5.0 21
Nonfinancial corporate business; debt securities; asset FA104022005 15.6 -8.5 -12.5 -13.2 9.3 -6.9 -13.1 -17.6 25.4 32.1 -9.0 22
Nonfinancial corporate business; commercial paper; asset FA103069100 12.0 -0.1 -8.4 -6.6 3.5 -1.7 5.5 -7.4 -9.8 0.2 27.8 23
Nonfinancial corporate business; Treasury securities; asset FA103061103 5.1 -5.1 -3.5 -0.6 2.5 -5.9 -11.3 -3.9 21.4 33.1 -30.6 24
Nonfinancial corporate business; agency- and GSE-backed securities; asset FA103061703 1.7 -1.7 -1.2 -4.2 4.8 -2.0 -3.8 -1.3 7.1 11.0 -10.2 25
Nonfinancial corporate business; municipal securities; asset FA103062003 -3.2 -1.6 0.6 -1.7 -1.5 2.6 -3.6 -5.1 6.7 -12.3 4.0 26
Nonfinancial corporate business; loans; asset FA104023005 -4.1 1.7 -0.9 -3.1 5.8 4.1 5.0 8.4 -8.7 5.4 4.7 27
Nonfinancial corporate business; total mortgages; asset FA103065003 -1.6 -0.6 -1.9 1.6 4.9 4.9 4.9 4.9 4.9 4.9 4.9 28
Nonfinancial corporate business; consumer credit; asset FA103066005 -2.5 2.3 1.0 -4.6 0.9 -0.8 0.2 3.5 -13.6 0.6 -0.1 29
Nonfinancial corporate business; mutual fund shares; asset FA103064203 11.1 -12.8 -1.7 1.2 15.1 7.4 7.4 7.4 7.4 7.4 7.4 30
Nonfinancial corporate business; trade receivables; asset FA103070005 96.9 83.4 52.6 261.6 70.8 -15.6 -5.3 -24.6 -47.7 -42.7 169.3 31
Nonfinancial corporate business; U.S. direct investment abroad; asset FA103092005 303.3 403.9 318.9 298.7 293.1 296.7 299.4 171.2 384.0 270.6 280.1 32
Nonfinancial corporate business; total miscellaneous assets FA103090005 214.8 25.8 107.5 264.2 375.3 674.3 680.7 668.8 536.5 807.8 365.1 33
Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset FA103076005 11.7 12.3 8.0 -6.0 10.4 2.4 8.7 11.9 -5.7 9.8 5.8 34
Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset FA103092405 0.1 -0.0 0.0 0.0 0.1 0.1 -0.1 0.0 0.1 0.4 0.1 35
Nonfinancial corporate business; equity investment in finance company subsidiaries; asset FA103094105 26.7 8.4 2.6 14.7 14.1 -4.1 -16.1 -1.6 8.8 -23.0 0.6 36
Nonfinancial corporate business; unidentified miscellaneous assets FA103093005 176.3 5.2 96.8 255.4 350.7 676.0 688.3 658.4 533.2 820.7 358.6 37
Nonfinancial corporate business; total liabilities FA104190005 487.6 894.3 985.4 926.7 1293.7 887.1 904.2 840.9 933.4 944.3 671.1 38
Nonfinancial corporate business; debt securities; liability FA104122005 235.4 203.9 352.5 293.3 307.3 408.6 584.7 410.1 228.5 576.2 335.4 39
Nonfinancial corporate business; commercial paper; liability FA103169100 24.5 33.4 14.0 14.2 37.5 -5.4 -53.2 70.3 22.5 33.9 12.3 40
Nonfinancial corporate business; municipal securities; liability FA103162000 32.7 8.2 12.9 3.1 -0.0 13.4 24.1 15.6 -7.2 12.5 29.8 41
Nonfinancial corporate business; corporate bonds; liability FA103163003 178.1 162.3 325.5 276.0 269.9 400.6 613.9 324.3 213.2 529.7 293.3 42
Nonfinancial corporate business; loans; liability FA104123005 -288.5 132.0 -47.1 104.0 177.5 63.8 59.9 -73.0 39.7 325.6 -91.2 43
Nonfinancial corporate business; depository institution loans n.e.c.; liability FA103168005 -87.0 152.1 101.5 63.8 93.0 77.1 48.9 97.3 39.9 155.6 27.1 44
Nonfinancial corporate business; other loans and advances; liability FA103169005 -90.4 60.2 -33.5 41.7 63.0 -31.1 -37.4 -100.9 -65.6 137.9 -164.8 45
Nonfinancial corporate business; total mortgages; liability FA103165005 -111.0 -80.3 -115.1 -1.5 21.5 17.8 48.5 -69.3 65.3 32.1 46.5 46
Nonfinancial corporate business; corporate equities; liability FA103164103 -250.7 -454.6 -344.9 -352.9 -392.2 -563.1 -489.5 -628.4 -543.0 -626.1 -682.4 47
Nonfinancial corporate business; trade payables; liability FA103170005 156.3 25.2 65.4 101.3 108.8 -33.1 51.2 -88.1 -111.9 -46.5 164.0 48
Nonfinancial corporate business; taxes payable; liability FA103178000 7.2 8.8 2.3 -9.1 -1.4 -1.8 16.0 -10.5 -36.0 -39.8 -1.6 49
Nonfinancial corporate business; foreign direct investment in U.S.; liability FA103192005 157.0 192.7 181.9 176.0 152.2 320.1 288.1 162.7 65.8 179.0 578.8 50
Nonfinancial corporate business; total miscellaneous liabilities FA103190005 470.9 786.4 775.3 614.1 941.6 692.7 393.8 1068.1 1290.4 575.9 368.0 51
Private pension funds; pension fund contributions receivable; asset FA573074005 15.4 3.0 -12.3 -2.5 -2.9 -4.3 -3.9 -4.4 -3.5 -7.6 -7.2 52
Private defined benefit pension funds; claims of pension fund on sponsor; asset FA573073005 -25.0 -16.2 -2.6 108.6 85.4 66.9 70.0 68.9 59.2 57.5 57.1 53
Nonfinancial corporate business; unidentified miscellaneous liabilities FA103193005 480.4 799.6 790.3 508.0 859.1 630.1 327.6 1003.5 1234.7 525.9 318.0 54
Nonfinancial corporate business; sector discrepancy FA107005005 296.1 794.2 734.3 245.3 745.9 85.7 -150.3 139.2 224.6 126.4 -188.9 55
Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) FA105005305 -244.0 -175.1 -48.4 -76.4 -7.6 102.3 187.3 63.1 122.4 36.7 43.1 56

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NOTES

  1. Consumption of fixed capital plus the capital consumption adjustment.
  2. Table F.5, line 58.
  3. Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 10 and 15 respectively.
  4. Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.
  5. Industrial revenue bonds issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.
  6. Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table F.216.
  7. Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
Last update: September 16, 2016