Financial Accounts of the United States - Z.1
L.103 Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2016 | 2017 | 2018 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 20406.0 | 21738.6 | 21877.6 | 21303.4 | 21738.6 | 21858.0 | 21866.6 | 22116.1 | 21877.6 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 90.7 | 235.8 | 95.8 | 238.3 | 235.8 | 218.7 | 222.0 | 125.8 | 95.8 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 998.3 | 1094.9 | 1073.7 | 1060.6 | 1094.9 | 1073.5 | 963.0 | 1042.1 | 1073.7 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 163.5 | 167.0 | 154.9 | 165.5 | 167.0 | 164.0 | 161.8 | 165.5 | 154.9 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 463.9 | 475.5 | 501.9 | 461.3 | 475.5 | 466.3 | 470.9 | 478.6 | 501.9 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 84.9 | 49.1 | 29.5 | 43.0 | 49.1 | 26.8 | 21.0 | 20.6 | 29.5 | 6 |
| Nonfinancial corporate business; debt securities; asset | FL104022005 | 199.4 | 232.3 | 219.3 | 221.7 | 232.3 | 227.9 | 241.4 | 234.7 | 219.3 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 124.6 | 147.2 | 145.7 | 137.6 | 147.2 | 151.6 | 164.6 | 157.1 | 145.7 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | FL103061103 | 41.3 | 42.1 | 37.1 | 41.0 | 42.1 | 37.5 | 37.0 | 41.4 | 37.1 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FL103061703 | 13.8 | 14.0 | 12.2 | 13.7 | 14.0 | 12.5 | 12.3 | 13.8 | 12.2 | 10 |
| Nonfinancial corporate business; municipal securities; asset | FL103062003 | 19.7 | 28.9 | 24.4 | 29.4 | 28.9 | 26.3 | 27.6 | 22.4 | 24.4 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 73.0 | 70.3 | 67.9 | 71.0 | 70.3 | 68.7 | 68.5 | 67.8 | 67.9 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 30.3 | 28.4 | 26.1 | 28.9 | 28.4 | 28.0 | 27.5 | 26.6 | 26.1 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 42.8 | 41.8 | 41.8 | 42.1 | 41.8 | 40.7 | 41.0 | 41.2 | 41.8 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1711.4 | 1933.0 | 1716.0 | 1847.6 | 1933.0 | 1883.5 | 1912.9 | 2024.8 | 1716.0 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 236.9 | 276.5 | 261.6 | 267.0 | 276.5 | 276.1 | 280.5 | 290.1 | 261.6 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 2973.6 | 3246.8 | 3532.2 | 3184.7 | 3246.8 | 3274.4 | 3377.5 | 3470.8 | 3532.2 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset (1) | LM103092005 | 5334.1 | 5725.4 | 5561.0 | 5674.5 | 5725.4 | 5608.5 | 5538.0 | 5593.6 | 5561.0 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8076.3 | 8232.0 | 8663.7 | 8068.4 | 8232.0 | 8569.6 | 8609.2 | 8601.8 | 8663.7 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 351.6 | 365.8 | 388.3 | 372.7 | 365.8 | 367.6 | 371.1 | 377.7 | 388.3 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 0.9 | 1.2 | 1.2 | 1.1 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 98.2 | 110.7 | 112.6 | 99.9 | 110.7 | 115.5 | 113.2 | 118.7 | 112.6 | 22 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 7625.6 | 7754.3 | 8161.6 | 7594.7 | 7754.3 | 8085.2 | 8123.7 | 8104.2 | 8161.6 | 23 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 19123.8 | 20149.8 | 20500.5 | 19712.0 | 20149.8 | 20197.3 | 20171.3 | 20371.2 | 20500.5 | 24 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 5848.4 | 6153.3 | 6240.1 | 6126.8 | 6153.3 | 6221.8 | 6221.6 | 6238.7 | 6240.1 | 25 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 180.8 | 206.7 | 181.2 | 206.1 | 206.7 | 222.3 | 220.2 | 200.7 | 181.2 | 26 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 552.6 | 566.1 | 562.1 | 555.1 | 566.1 | 563.3 | 566.1 | 560.3 | 562.1 | 27 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5115.0 | 5380.6 | 5496.7 | 5365.7 | 5380.6 | 5436.2 | 5435.3 | 5477.7 | 5496.7 | 28 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 2642.5 | 3011.3 | 3518.6 | 2875.0 | 3011.3 | 3002.7 | 3350.6 | 3395.4 | 3518.6 | 29 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1025.4 | 1065.4 | 1191.6 | 1047.8 | 1065.4 | 1072.4 | 1092.2 | 1090.2 | 1191.6 | 30 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1102.1 | 1387.5 | 1721.4 | 1294.7 | 1387.5 | 1370.5 | 1681.1 | 1720.3 | 1721.4 | 31 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 515.0 | 558.4 | 605.6 | 532.5 | 558.4 | 559.8 | 577.3 | 584.8 | 605.6 | 32 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2305.2 | 2516.4 | 2752.1 | 2430.3 | 2516.4 | 2484.2 | 2565.3 | 2672.0 | 2752.1 | 33 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 33.5 | 246.1 | 223.9 | 39.9 | 246.1 | 250.1 | 223.2 | 229.4 | 223.9 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | LM103192005 | 3642.8 | 3893.3 | 4125.2 | 3861.2 | 3893.3 | 3923.4 | 4008.1 | 4107.5 | 4125.2 | 35 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 4651.5 | 4329.2 | 3640.6 | 4378.7 | 4329.2 | 4315.1 | 3802.6 | 3728.2 | 3640.6 | 36 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 95.2 | 101.0 | 110.8 | 100.5 | 101.0 | 103.8 | 106.4 | 108.4 | 110.8 | 37 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 568.6 | 340.4 | 553.8 | 427.8 | 340.4 | 392.3 | 373.6 | 309.3 | 553.8 | 38 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 3987.8 | 3887.9 | 2976.0 | 3850.4 | 3887.9 | 3819.0 | 3322.5 | 3310.5 | 2976.0 | 39 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 24274.0 | 28389.7 | 25803.0 | 26933.1 | 28389.7 | 28084.1 | 29228.1 | 30967.9 | 25803.0 | 40 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 3949.0 | 4464.2 | 4052.8 | 4304.9 | 4464.2 | 4336.8 | 4273.5 | 4382.3 | 4052.8 | 41 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 4646.9 | 5422.2 | 6070.2 | 5018.8 | 5422.2 | 5399.5 | 5781.9 | 5912.7 | 6070.2 | 42 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 84.98 | 82.33 | 66.76 | 85.78 | 82.33 | 80.32 | 73.91 | 74.12 | 66.76 | 43 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 27.19 | 29.02 | 31.71 | 28.31 | 29.02 | 28.89 | 31.27 | 31.26 | 31.71 | 44 |
NOTES
- 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.
- 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.
- Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216.
- Sum of lines 2 through 7 and lines 15 and 16.
- Sum of lines 26, 30, 31, 33, and 34. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
- Short-term debt is the sum of lines 26, 30, and 31. Total debt is the sum of lines 25 and 29.
Last Update: March 7, 2019