B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2017 2018 2019 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 Line
Nonfinancial corporate business; total assets FL102000005 40734.1 42042.4 45119.7 41698.3 42042.4 43189.8 44180.5 44917.5 45119.7 1
Nonfinancial corporate business; nonfinancial assets LM102010005 22735.8 23467.8 24873.5 23263.6 23467.8 24002.2 24695.9 25117.0 24873.5 2
Nonfinancial corporate business; real estate at market value LM105035005 12840.4 13083.1 14069.0 12966.4 13083.1 13487.8 14070.5 14414.1 14069.0 3
Nonfinancial corporate business; equipment, current cost basis LM105015205 4872.4 5104.0 5273.3 5062.6 5104.0 5161.8 5210.6 5235.0 5273.3 4
Nonfinancial corporate business; nonresidential intellectual property products, current cost basis LM105013765 2600.0 2732.9 2934.7 2722.6 2732.9 2778.9 2833.1 2884.2 2934.7 5
Nonfinancial corporate business; inventories excluding IVA, current cost basis LM105020015 2423.0 2547.8 2596.5 2512.0 2547.8 2573.6 2581.8 2583.7 2596.5 6
Nonfinancial corporate business; total financial assets FL104090005 17998.3 18574.6 20246.3 18434.7 18574.6 19187.6 19484.6 19800.4 20246.3 7
Nonfinancial corporate business; private foreign deposits; asset FL103091003 216.6 89.0 91.3 116.1 89.0 90.2 100.4 85.6 91.3 8
Nonfinancial corporate business; checkable deposits and currency; asset FL103020000 975.5 1030.1 1231.5 1024.2 1030.1 919.5 1021.2 1213.6 1231.5 9
Nonfinancial corporate business; total time and savings deposits; asset FL103030003 181.3 174.7 179.4 174.3 174.7 181.9 184.2 182.0 179.4 10
Nonfinancial corporate business; money market fund shares; asset FL103034000 475.7 466.3 577.0 449.7 466.3 472.6 492.0 528.4 577.0 11
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 39.6 14.0 8.5 12.7 14.0 11.6 9.9 9.7 8.5 12
Nonfinancial corporate business; debt securities; asset LM104022005 236.0 239.2 300.3 220.0 239.2 239.9 263.9 290.5 300.3 13
Nonfinancial corporate business; commercial paper; asset FL103069100 123.7 155.4 242.3 137.3 155.4 152.6 184.9 216.5 242.3 14
Nonfinancial corporate business; Treasury securities; asset LM103061103 71.3 50.4 30.5 49.6 50.4 52.8 46.4 42.5 30.5 15
Nonfinancial corporate business; agency- and GSE-backed securities; asset LM103061703 23.8 16.8 10.5 16.5 16.8 17.6 15.5 14.2 10.5 16
Nonfinancial corporate business; municipal securities; asset LM103062003 17.2 16.6 17.0 16.6 16.6 16.9 17.1 17.2 17.0 17
Nonfinancial corporate business; loans; asset FL104023005 70.8 72.1 73.5 71.2 72.1 71.4 72.0 72.5 73.5 18
Nonfinancial corporate business; total mortgages; asset FL103065003 32.2 33.5 34.9 33.2 33.5 33.9 34.2 34.5 34.9 19
Nonfinancial corporate business; consumer credit; asset FL103066005 38.6 38.6 38.6 38.0 38.6 37.6 37.8 38.0 38.6 20
Nonfinancial corporate business; corporate equities; asset LM103064103 1948.3 1783.8 2249.1 2086.0 1783.8 2005.4 2069.8 2082.9 2249.1 21
Nonfinancial corporate business; mutual fund shares; asset LM103064203 303.1 271.0 311.9 305.8 271.0 294.7 300.7 298.6 311.9 22
Nonfinancial corporate business; trade receivables; asset FL103070005 3114.0 3257.2 3330.4 3327.2 3257.2 3297.4 3363.2 3363.6 3330.4 23
Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) LM103092005 6684.0 5503.4 6164.8 6299.3 5503.4 6004.8 6219.4 6150.1 6164.8 24
Nonfinancial corporate business; total miscellaneous assets FL103090005 3753.4 5673.7 5728.6 4348.2 5673.7 5598.1 5387.9 5523.0 5728.6 25
Nonfinancial corporate business; total liabilities FL104190005 25309.1 25546.4 28217.0 26281.6 25546.4 27187.0 27713.6 28057.8 28217.0 26
Nonfinancial corporate business; debt securities; liability FL104122005 6158.7 6298.8 6557.6 6291.9 6298.8 6437.9 6513.8 6588.8 6557.6 27
Nonfinancial corporate business; commercial paper; liability FL103169100 206.7 196.5 194.9 223.6 196.5 241.1 236.6 216.6 194.9 28
Nonfinancial corporate business; municipal securities; liability (2) FL103162000 567.4 563.2 577.6 561.5 563.2 565.9 569.5 569.9 577.6 29
Nonfinancial corporate business; corporate bonds; liability (1) FL103163003 5384.6 5539.2 5785.0 5506.8 5539.2 5630.9 5707.7 5802.2 5785.0 30
Nonfinancial corporate business; loans; liability FL104123005 2891.6 3355.4 3558.9 3284.1 3355.4 3432.1 3476.7 3513.7 3558.9 31
Nonfinancial corporate business; depository institution loans n.e.c.; liability FL103168005 1004.5 1081.0 1102.7 1031.0 1081.0 1093.7 1103.7 1099.5 1102.7 32
Nonfinancial corporate business; other loans and advances; liability FL103169005 1387.6 1725.8 1855.1 1717.1 1725.8 1775.8 1799.4 1826.8 1855.1 33
Nonfinancial corporate business; total mortgages; liability FL103165005 499.5 548.6 601.1 536.1 548.6 562.6 573.6 587.4 601.1 34
Nonfinancial corporate business; trade payables; liability FL103170005 2369.7 2507.3 2586.5 2515.4 2507.3 2496.6 2539.3 2571.1 2586.5 35
Nonfinancial corporate business; total taxes payable; liability FL103178005 277.2 263.1 236.7 263.9 263.1 272.8 241.9 240.7 236.7 36
Nonfinancial corporate business; foreign direct investment in U.S. (market value); liability LM103192005 6552.9 6302.2 7503.3 7156.0 6302.2 7121.6 7414.3 7482.1 7503.3 37
Nonfinancial corporate business; total miscellaneous liabilities FL103190005 7058.9 6819.5 7774.0 6770.4 6819.5 7426.0 7527.6 7661.5 7774.0 38
Nonfinancial corporate business; net worth FL102090005 15425.0 16496.1 16902.7 15416.7 16496.1 16002.9 16466.8 16859.6 16902.7 39
Nonfinancial corporate business; residential structures, current cost basis LM105012665 229.2 243.3 252.1 241.5 243.3 245.4 247.0 249.8 252.1 40
Nonfinancial corporate business; nonresidential structures, current cost basis LM105013665 9283.8 9712.9 10027.2 9573.3 9712.9 9805.2 9924.1 9982.1 10027.2 41
Nonfinancial corporate business; corporate equities; liability LM103164103 28901.7 26668.1 33889.3 31399.8 26668.1 30424.1 31266.6 31206.9 33889.3 42
Nonfinancial corporate business; debt as a percentage of net worth (market value) (3) FL104104006 42.32 43.37 42.51 43.51 43.37 43.73 42.84 42.48 42.51 43
Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (3) FL104104016 31.31 36.20 29.85 30.50 36.20 32.44 31.95 32.37 29.85 44
Nonfinancial corporate business; corporate equities as a percentage of net worth (3) FL103164106 135.16 119.80 142.39 142.66 119.80 134.79 134.08 131.23 142.39 45
Nonfinancial corporate business; total assets at historical cost FL102000115 33036.9 34306.4 36700.3 34039.7 34306.4 35147.9 35597.1 36113.3 36700.3 46
Nonfinancial corporate business; nonfinancial assets at historical cost FL102010115 15038.6 15731.7 16454.0 15604.9 15731.7 15960.3 16112.5 16312.9 16454.0 47
Nonfinancial corporate business; real estate, historical cost basis FL105035045 5962.8 6218.9 6452.6 6152.0 6218.9 6276.9 6336.2 6396.2 6452.6 48
Nonfinancial corporate business; nonresidential equipment, historical cost basis FL105013213 4713.7 4906.3 5082.4 4856.2 4906.3 4954.9 5001.7 5044.1 5082.4 49
Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis FL105013715 2272.3 2405.8 2564.6 2370.6 2405.8 2444.0 2483.1 2523.4 2564.6 50
Nonfinancial corporate business; inventories, historical cost basis (SOI) FL105020000 2089.8 2200.8 2354.4 2226.1 2200.8 2284.4 2291.5 2349.2 2354.4 51
Nonfinancial corporate business; net worth at historical cost FL102090115 7727.8 8760.0 8483.3 7758.0 8760.0 7960.9 7883.4 8055.5 8483.3 52
Nonfinancial corporate business; residential structures, historical cost basis FL105012613 104.4 109.6 114.7 108.3 109.6 110.9 112.1 113.4 114.7 53
Nonfinancial corporate business; nonresidential structures, historical cost basis FL105013613 5270.8 5505.9 5730.2 5447.2 5505.9 5566.2 5623.6 5678.1 5730.2 54

NOTES

  1. Through 1992, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.
  2. 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.
  3. Adjusted net worth is calculated as net worth at market value (line 39) less the equity portion of foreign direct investment in the United States at market value (part of line 37). Debt is calculated as the sum of debt securities (line 27) and loans (line 31). Equities are shown on line 42.
Last Update: March 12, 2020