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 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 18000.6 | 19128.1 | 20850.8 | 19760.9 | 20066.6 | 20394.6 | 20850.8 | 21134.7 | 21462.9 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 216.6 | 106.3 | 116.6 | 107.7 | 119.8 | 102.2 | 116.6 | 122.3 | 153.6 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 951.7 | 1189.7 | 1272.3 | 1067.8 | 1182.3 | 1398.8 | 1272.3 | 1493.0 | 1757.2 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 181.3 | 187.2 | 196.1 | 201.2 | 203.8 | 184.8 | 196.1 | 271.4 | 291.7 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 499.5 | 466.1 | 558.3 | 472.6 | 492.2 | 528.7 | 558.3 | 916.4 | 962.2 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 39.6 | 14.6 | 12.2 | 12.1 | 10.3 | 10.2 | 12.2 | 24.4 | 29.3 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 236.0 | 253.2 | 328.7 | 254.1 | 278.8 | 322.0 | 328.7 | 365.8 | 380.1 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 123.7 | 162.1 | 245.2 | 159.2 | 192.9 | 241.6 | 245.2 | 254.7 | 249.5 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 71.3 | 54.4 | 48.1 | 57.0 | 50.1 | 45.9 | 48.1 | 69.0 | 88.4 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 23.8 | 18.1 | 16.0 | 19.0 | 16.7 | 15.3 | 16.0 | 23.0 | 22.8 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 17.2 | 18.5 | 19.3 | 18.9 | 19.1 | 19.2 | 19.3 | 19.1 | 19.4 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 71.6 | 73.8 | 74.0 | 72.9 | 73.4 | 73.9 | 74.0 | 76.7 | 77.2 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 32.2 | 34.2 | 34.3 | 34.5 | 34.7 | 35.0 | 34.3 | 38.3 | 38.5 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 39.4 | 39.6 | 39.6 | 38.5 | 38.7 | 38.9 | 39.6 | 38.5 | 38.7 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1948.3 | 1791.2 | 2308.7 | 2025.3 | 2102.0 | 2127.1 | 2308.7 | 1847.0 | 2215.5 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 303.0 | 270.9 | 327.3 | 298.4 | 308.2 | 309.8 | 327.3 | 276.2 | 319.4 | 16 |
| Nonfinancial corporate business; trade receivables, including Paycheck Protection Program subsidies receivable; asset | FL103070005 | 3113.2 | 3509.6 | 3590.8 | 3553.0 | 3623.8 | 3624.2 | 3590.8 | 3524.7 | 3455.2 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6722.7 | 5438.6 | 6514.5 | 5943.1 | 6178.3 | 6070.9 | 6514.5 | 4968.1 | 5770.6 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 3717.2 | 5827.0 | 5551.4 | 5752.8 | 5493.7 | 5642.1 | 5551.4 | 7248.6 | 6050.9 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 365.6 | 377.0 | 392.0 | 378.6 | 383.7 | 385.9 | 392.0 | 394.9 | 402.5 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.2 | 1.3 | 1.4 | 1.3 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 110.7 | 113.2 | 112.5 | 114.7 | 112.7 | 112.1 | 112.5 | 111.3 | 108.4 | 22 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 3239.7 | 5335.6 | 5045.6 | 5258.2 | 4996.0 | 5142.8 | 5045.6 | 6741.1 | 5538.8 | 23 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 25316.2 | 26263.3 | 29875.1 | 27928.9 | 28457.8 | 28837.1 | 29875.1 | 28918.3 | 30696.8 | 24 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6156.1 | 6294.9 | 6554.6 | 6432.7 | 6510.5 | 6585.1 | 6554.6 | 6777.0 | 7125.5 | 25 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 206.7 | 196.5 | 194.5 | 241.1 | 236.6 | 216.3 | 194.5 | 243.1 | 166.1 | 26 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 566.8 | 562.7 | 576.9 | 565.3 | 568.9 | 569.3 | 576.9 | 579.5 | 580.5 | 27 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5382.6 | 5535.8 | 5783.2 | 5626.4 | 5705.0 | 5799.5 | 5783.2 | 5954.3 | 6379.0 | 28 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 2840.0 | 3300.4 | 3498.5 | 3377.5 | 3414.9 | 3454.7 | 3498.5 | 3923.8 | 3915.0 | 29 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 920.5 | 990.4 | 1011.1 | 1001.8 | 1011.0 | 1007.0 | 1011.1 | 1337.5 | 1331.0 | 30 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1388.7 | 1726.9 | 1855.7 | 1776.8 | 1800.1 | 1826.8 | 1855.7 | 1945.6 | 1934.1 | 31 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 530.9 | 583.1 | 631.7 | 599.0 | 603.8 | 620.8 | 631.7 | 640.7 | 649.9 | 32 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2369.7 | 2690.4 | 2773.3 | 2678.8 | 2724.7 | 2758.9 | 2773.3 | 2688.3 | 2589.4 | 33 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 277.2 | 266.7 | 251.2 | 276.9 | 245.3 | 255.9 | 251.2 | 273.7 | 297.1 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S. (market value); liability | LM103192005 | 6539.9 | 6215.8 | 8145.2 | 7022.1 | 7307.6 | 7402.7 | 8145.2 | 6609.7 | 8080.0 | 35 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 7133.3 | 7495.1 | 8652.3 | 8140.8 | 8254.9 | 8379.8 | 8652.3 | 8645.7 | 8689.8 | 36 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 119.3 | 84.7 | 83.8 | 83.2 | 88.7 | 86.1 | 83.8 | 91.2 | 93.2 | 37 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 326.7 | 590.0 | 175.7 | 394.8 | 297.8 | 288.2 | 175.7 | 514.5 | 168.3 | 38 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6687.4 | 6820.4 | 8392.8 | 7662.8 | 7868.4 | 8005.5 | 8392.8 | 8039.9 | 8428.3 | 39 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 29075.4 | 26826.8 | 34066.5 | 30769.7 | 31561.6 | 31659.4 | 34066.5 | 26883.4 | 33506.7 | 40 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 4375.9 | 4279.1 | 5120.2 | 4439.2 | 4697.4 | 4983.5 | 5120.2 | 5316.6 | 6109.0 | 41 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 5162.7 | 5870.8 | 6085.8 | 5975.4 | 6017.6 | 6064.9 | 6085.8 | 6488.3 | 6317.7 | 42 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 84.76 | 72.89 | 84.13 | 74.29 | 78.06 | 82.17 | 84.13 | 81.94 | 96.70 | 43 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 27.97 | 30.37 | 30.45 | 30.78 | 30.71 | 30.38 | 30.45 | 32.95 | 31.08 | 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 21, 2020