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 | 2015 | 2016 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 18822.1 | 20161.9 | 21157.6 | 21309.1 | 21322.0 | 21341.0 | 21561.9 | 21309.1 | 21735.6 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 87.1 | 90.3 | 217.7 | 89.4 | 202.1 | 203.6 | 116.8 | 89.4 | 67.3 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 838.1 | 991.8 | 986.2 | 906.6 | 953.4 | 885.9 | 969.9 | 906.6 | 927.0 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 144.3 | 162.9 | 157.1 | 156.3 | 154.1 | 152.6 | 156.4 | 156.3 | 156.6 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 576.6 | 464.0 | 475.7 | 466.3 | 457.0 | 452.0 | 449.7 | 466.3 | 472.6 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 61.9 | 84.6 | 39.8 | 20.7 | 20.7 | 16.4 | 17.4 | 20.7 | 16.5 | 6 |
| Nonfinancial corporate business; debt securities; asset | FL104022005 | 205.9 | 198.3 | 236.8 | 239.0 | 230.6 | 230.9 | 217.6 | 239.0 | 237.1 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 133.7 | 124.2 | 124.5 | 148.8 | 126.8 | 132.9 | 133.2 | 148.8 | 148.4 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | FL103061103 | 37.4 | 41.2 | 71.3 | 56.8 | 66.2 | 61.8 | 53.7 | 56.8 | 55.5 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FL103061703 | 12.5 | 13.7 | 23.8 | 18.9 | 22.1 | 20.6 | 17.9 | 18.9 | 18.5 | 10 |
| Nonfinancial corporate business; municipal securities; asset | FL103062003 | 22.3 | 19.3 | 17.2 | 14.6 | 15.5 | 15.6 | 12.8 | 14.6 | 14.8 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 69.9 | 71.0 | 94.3 | 118.2 | 99.4 | 105.7 | 111.5 | 118.2 | 123.3 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 31.4 | 31.3 | 55.7 | 79.6 | 61.8 | 67.9 | 73.5 | 79.6 | 85.7 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 38.5 | 39.7 | 38.6 | 38.6 | 37.6 | 37.8 | 38.0 | 38.6 | 37.6 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1498.3 | 1715.5 | 1942.2 | 1749.1 | 1899.4 | 1935.7 | 2054.0 | 1749.1 | 1958.3 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 248.2 | 258.2 | 303.1 | 271.0 | 298.6 | 299.4 | 305.8 | 271.0 | 294.7 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 2752.8 | 2951.5 | 3114.0 | 3253.3 | 3142.7 | 3243.1 | 3329.1 | 3253.3 | 3305.0 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset (1) | LM103092005 | 5067.8 | 5334.1 | 5725.4 | 5653.0 | 5608.5 | 5538.0 | 5606.9 | 5653.0 | 5740.1 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 7271.2 | 7839.6 | 7865.5 | 8386.2 | 8255.4 | 8277.7 | 8226.9 | 8386.2 | 8437.1 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 345.1 | 351.6 | 365.8 | 377.4 | 367.7 | 371.2 | 377.9 | 377.4 | 378.5 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 0.8 | 0.9 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | 1.3 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 111.3 | 98.2 | 110.7 | 113.2 | 115.5 | 113.2 | 118.7 | 113.2 | 116.1 | 22 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 6814.0 | 7388.9 | 7387.8 | 7894.3 | 7771.0 | 7792.1 | 7729.1 | 7894.3 | 7941.2 | 23 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 17885.9 | 18909.9 | 19451.5 | 19730.0 | 19489.0 | 19465.4 | 19643.5 | 19730.0 | 19880.7 | 24 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 5571.0 | 5860.3 | 6174.7 | 6283.9 | 6263.1 | 6268.3 | 6288.0 | 6283.9 | 6407.1 | 25 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 179.0 | 180.8 | 206.7 | 196.5 | 242.0 | 240.8 | 223.6 | 196.5 | 241.1 | 26 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 536.7 | 553.1 | 566.9 | 562.6 | 564.1 | 566.7 | 560.8 | 562.6 | 565.4 | 27 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 4855.3 | 5126.4 | 5401.2 | 5524.8 | 5456.9 | 5460.7 | 5503.6 | 5524.8 | 5600.6 | 28 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 2523.3 | 2533.9 | 2908.1 | 3440.8 | 2914.8 | 3262.5 | 3312.8 | 3440.8 | 3518.6 | 29 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 964.5 | 968.7 | 1004.4 | 1130.1 | 1013.7 | 1033.2 | 1031.3 | 1130.1 | 1142.1 | 30 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1089.8 | 1102.1 | 1387.5 | 1725.7 | 1370.5 | 1677.9 | 1717.0 | 1725.7 | 1775.8 | 31 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 468.9 | 463.1 | 516.2 | 585.0 | 530.6 | 551.4 | 564.5 | 585.0 | 600.7 | 32 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2110.5 | 2294.3 | 2376.4 | 2517.0 | 2350.6 | 2427.5 | 2530.9 | 2517.0 | 2517.7 | 33 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 42.2 | 33.5 | 246.1 | 229.5 | 250.0 | 224.9 | 229.7 | 229.5 | 237.2 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | LM103192005 | 3271.2 | 3642.8 | 3893.3 | 4208.2 | 3923.4 | 4008.1 | 4107.5 | 4208.2 | 4300.7 | 35 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 4367.7 | 4545.2 | 3852.9 | 3050.6 | 3787.1 | 3274.2 | 3174.6 | 3050.6 | 2899.5 | 36 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 91.3 | 95.2 | 101.2 | 110.2 | 104.0 | 106.5 | 108.5 | 110.2 | 111.5 | 37 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 609.0 | 568.6 | 340.4 | 544.5 | 392.3 | 373.6 | 309.3 | 544.5 | 334.9 | 38 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 3667.5 | 3881.5 | 3411.3 | 2395.8 | 3290.9 | 2794.0 | 2756.8 | 2395.8 | 2453.1 | 39 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 22610.5 | 24421.1 | 28385.8 | 25808.6 | 28091.4 | 29213.9 | 30991.6 | 25808.6 | 29422.7 | 40 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 3660.4 | 3965.7 | 4358.4 | 3898.5 | 4216.0 | 4176.5 | 4287.6 | 3898.5 | 4130.1 | 41 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 4386.2 | 4579.3 | 5221.1 | 5798.8 | 5226.8 | 5604.3 | 5732.6 | 5798.8 | 5913.8 | 42 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 83.45 | 86.60 | 83.48 | 67.23 | 80.66 | 74.52 | 74.79 | 67.23 | 69.84 | 43 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 27.59 | 26.82 | 28.61 | 31.39 | 28.61 | 30.97 | 30.95 | 31.39 | 31.83 | 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: June 6, 2019