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 | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 |
| 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 | 2 |
| 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 | 3 |
| 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 | 4 |
| 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 | 5 |
| 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 | 6 |
| 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 | 7 |
| 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 | 8 |
| 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 | 9 |
| 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 | 10 |
| 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 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 70.8 | 72.1 | 73.5 | 71.2 | 72.1 | 71.4 | 72.0 | 72.5 | 73.5 | 12 |
| 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 | 13 |
| 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 | 14 |
| 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 | 15 |
| 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 | 16 |
| 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 | 17 |
| 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 | 18 |
| 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 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 365.6 | 377.1 | 391.7 | 377.6 | 377.1 | 378.7 | 383.9 | 386.2 | 391.7 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 110.7 | 113.2 | 111.4 | 118.9 | 113.2 | 114.7 | 112.7 | 112.1 | 111.4 | 22 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 3275.9 | 5182.2 | 5224.2 | 3850.5 | 5182.2 | 5103.4 | 4890.0 | 5023.4 | 5224.2 | 23 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 25309.1 | 25546.4 | 28217.0 | 26281.6 | 25546.4 | 27187.0 | 27713.6 | 28057.8 | 28217.0 | 24 |
| 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 | 25 |
| 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 | 26 |
| 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 | 27 |
| 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 | 28 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 2891.6 | 3355.4 | 3558.9 | 3284.1 | 3355.4 | 3432.1 | 3476.7 | 3513.7 | 3558.9 | 29 |
| 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 | 30 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1387.6 | 1725.8 | 1855.1 | 1717.1 | 1725.8 | 1775.8 | 1799.4 | 1826.8 | 1855.1 | 31 |
| 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 | 32 |
| 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 | 33 |
| 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 | 34 |
| 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 | 35 |
| 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 | 36 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 119.3 | 131.5 | 146.8 | 129.4 | 131.5 | 135.0 | 137.6 | 141.8 | 146.8 | 37 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 294.6 | 465.3 | 45.8 | 238.8 | 465.3 | 262.5 | 183.0 | 158.4 | 45.8 | 38 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6645.0 | 6222.8 | 7581.3 | 6402.2 | 6222.8 | 7028.5 | 7207.0 | 7361.3 | 7581.3 | 39 |
| 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 | 40 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 4376.0 | 4068.2 | 4948.9 | 4388.9 | 4068.2 | 4215.8 | 4442.1 | 4691.2 | 4948.9 | 41 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 5245.7 | 5773.7 | 5975.9 | 5750.9 | 5773.7 | 5880.0 | 5920.9 | 5954.8 | 5975.9 | 42 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 83.42 | 70.46 | 82.82 | 76.32 | 70.46 | 71.70 | 75.02 | 78.78 | 82.82 | 43 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 28.71 | 31.11 | 31.16 | 31.03 | 31.11 | 31.52 | 31.43 | 31.11 | 31.16 | 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 12, 2020