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 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 17096.6 | 18008.0 | 18609.6 | 18145.7 | 18263.7 | 18462.5 | 18609.6 | 19217.0 | 19516.7 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 97.6 | 216.6 | 89.1 | 201.1 | 202.6 | 116.2 | 89.1 | 90.2 | 100.0 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 967.7 | 975.5 | 1052.0 | 927.8 | 929.9 | 1047.5 | 1052.0 | 950.1 | 1050.8 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 189.0 | 181.3 | 174.0 | 175.4 | 170.4 | 173.8 | 174.0 | 181.2 | 184.9 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 464.0 | 475.7 | 466.3 | 457.0 | 452.0 | 449.7 | 466.3 | 472.6 | 492.0 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 90.3 | 39.6 | 21.7 | 30.7 | 16.1 | 18.0 | 21.7 | 17.1 | 10.0 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 206.7 | 236.0 | 239.8 | 231.1 | 225.7 | 220.2 | 239.8 | 240.8 | 265.1 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 132.5 | 123.7 | 155.9 | 126.4 | 131.1 | 137.4 | 155.9 | 153.5 | 186.1 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 41.2 | 71.3 | 50.4 | 65.8 | 58.3 | 49.6 | 50.4 | 52.8 | 46.4 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 13.7 | 23.8 | 16.8 | 21.9 | 19.4 | 16.5 | 16.8 | 17.6 | 15.5 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 19.3 | 17.2 | 16.6 | 16.9 | 16.9 | 16.6 | 16.6 | 16.9 | 17.1 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 69.5 | 70.8 | 72.1 | 70.1 | 70.7 | 71.2 | 72.1 | 71.4 | 72.0 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 29.8 | 32.2 | 33.5 | 32.5 | 32.9 | 33.2 | 33.5 | 33.9 | 34.2 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 39.7 | 38.6 | 38.6 | 37.6 | 37.8 | 38.0 | 38.6 | 37.6 | 37.8 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1711.5 | 1947.3 | 1781.2 | 1911.7 | 1955.7 | 2083.5 | 1781.2 | 2002.0 | 2065.8 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 258.2 | 303.1 | 271.0 | 298.6 | 299.4 | 305.8 | 271.0 | 294.7 | 300.8 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 2951.5 | 3114.0 | 3256.7 | 3142.7 | 3236.2 | 3325.8 | 3256.7 | 3297.0 | 3359.8 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 5467.9 | 6684.0 | 5503.4 | 6404.6 | 6253.9 | 6299.3 | 5503.4 | 6069.9 | 6150.9 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 4622.6 | 3764.1 | 5682.2 | 4294.8 | 4451.1 | 4351.6 | 5682.2 | 5529.9 | 5464.6 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 351.7 | 365.9 | 377.1 | 367.7 | 371.1 | 377.7 | 377.1 | 378.5 | 383.4 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 0.9 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 98.2 | 110.7 | 113.8 | 115.5 | 113.2 | 118.9 | 113.8 | 115.1 | 114.3 | 22 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 4171.9 | 3286.3 | 5190.0 | 3810.3 | 3965.6 | 3853.9 | 5190.0 | 5034.9 | 4965.6 | 23 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 23694.2 | 25309.1 | 25576.1 | 25340.6 | 25576.8 | 26302.8 | 25576.1 | 27205.1 | 27434.2 | 24 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 5854.8 | 6172.5 | 6294.4 | 6263.5 | 6272.5 | 6291.6 | 6294.4 | 6425.9 | 6498.6 | 25 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 180.8 | 206.7 | 196.5 | 242.0 | 240.8 | 223.6 | 196.5 | 241.1 | 236.6 | 26 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 552.8 | 566.7 | 562.3 | 563.6 | 566.2 | 560.5 | 562.3 | 565.1 | 568.9 | 27 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5121.2 | 5399.2 | 5535.5 | 5457.8 | 5465.5 | 5507.5 | 5535.5 | 5619.7 | 5693.1 | 28 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 2533.3 | 2898.2 | 3364.8 | 2900.9 | 3245.3 | 3292.6 | 3364.8 | 3435.6 | 3474.7 | 29 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 968.7 | 1004.5 | 1079.8 | 1013.9 | 1033.4 | 1031.5 | 1079.8 | 1091.2 | 1099.5 | 30 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1102.1 | 1387.6 | 1725.8 | 1370.6 | 1678.0 | 1717.1 | 1725.8 | 1775.8 | 1801.7 | 31 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 462.4 | 506.1 | 559.2 | 516.4 | 534.0 | 544.0 | 559.2 | 568.6 | 573.5 | 32 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2288.3 | 2369.7 | 2505.6 | 2344.0 | 2414.9 | 2518.8 | 2505.6 | 2500.5 | 2542.0 | 33 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 66.1 | 277.2 | 263.3 | 283.9 | 256.2 | 264.1 | 263.3 | 272.7 | 242.4 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S. (market value); liability | LM103192005 | 5493.4 | 6552.9 | 6302.2 | 6484.6 | 6639.3 | 7156.0 | 6302.2 | 7102.9 | 7152.8 | 35 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 7458.4 | 7038.5 | 6845.8 | 7063.7 | 6748.6 | 6779.8 | 6845.8 | 7467.5 | 7523.8 | 36 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 100.1 | 119.3 | 131.5 | 122.5 | 126.8 | 129.4 | 131.5 | 135.0 | 138.1 | 37 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 582.3 | 294.6 | 465.3 | 331.1 | 300.2 | 238.8 | 465.3 | 262.5 | 183.0 | 38 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6776.0 | 6624.6 | 6249.1 | 6610.1 | 6321.6 | 6411.5 | 6249.1 | 7070.0 | 7202.7 | 39 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 24421.1 | 28383.2 | 25802.7 | 28088.4 | 29209.7 | 30986.8 | 25802.7 | 29423.5 | 30333.6 | 40 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 3985.1 | 4375.0 | 4095.1 | 4233.4 | 4251.9 | 4414.6 | 4095.1 | 4248.8 | 4469.3 | 41 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 4606.1 | 5245.7 | 5771.0 | 5254.4 | 5623.3 | 5755.0 | 5771.0 | 5881.3 | 5922.1 | 42 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 86.52 | 83.40 | 70.96 | 80.57 | 75.61 | 76.71 | 70.96 | 72.24 | 75.47 | 43 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 26.84 | 28.65 | 31.08 | 28.66 | 31.02 | 31.01 | 31.08 | 31.52 | 31.46 | 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: September 20, 2019