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 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 19128.1 | 20842.7 | 19760.9 | 20066.6 | 20394.6 | 20842.7 | 21049.2 | 21749.7 | 22191.9 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 106.3 | 116.6 | 107.7 | 119.8 | 102.2 | 116.6 | 99.2 | 130.0 | 137.4 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1189.7 | 1270.7 | 1067.8 | 1182.3 | 1398.8 | 1270.7 | 1469.7 | 1830.4 | 1741.6 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 187.2 | 196.0 | 201.2 | 203.8 | 184.8 | 196.0 | 286.2 | 303.5 | 265.0 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 466.1 | 558.3 | 472.6 | 492.2 | 528.7 | 558.3 | 916.4 | 962.2 | 927.2 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 14.6 | 12.2 | 12.1 | 10.3 | 10.2 | 12.2 | 24.4 | 29.7 | 28.5 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 253.2 | 328.3 | 254.1 | 278.8 | 322.0 | 328.3 | 364.5 | 380.1 | 388.6 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 162.1 | 244.9 | 159.2 | 192.9 | 241.6 | 244.9 | 253.6 | 249.5 | 272.5 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 54.4 | 48.0 | 57.0 | 50.1 | 45.9 | 48.0 | 68.9 | 83.3 | 72.3 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 18.1 | 16.0 | 19.0 | 16.7 | 15.3 | 16.0 | 23.0 | 27.8 | 24.1 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 18.5 | 19.3 | 18.9 | 19.1 | 19.2 | 19.3 | 19.0 | 19.4 | 19.7 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 73.8 | 76.3 | 73.3 | 74.1 | 75.0 | 76.3 | 75.8 | 76.7 | 77.6 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 34.2 | 36.7 | 34.8 | 35.4 | 36.1 | 36.7 | 37.4 | 38.0 | 38.7 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 39.6 | 39.6 | 38.5 | 38.7 | 38.9 | 39.6 | 38.5 | 38.7 | 38.9 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1791.5 | 2313.0 | 2026.5 | 2104.2 | 2130.1 | 2313.0 | 1851.3 | 2221.7 | 2410.9 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 270.9 | 327.3 | 298.4 | 308.2 | 309.8 | 327.3 | 276.2 | 319.4 | 339.1 | 16 |
| Nonfinancial corporate business; trade receivables, including Paycheck Protection Program subsidies receivable; asset | FL103070005 | 3509.6 | 3593.4 | 3553.0 | 3623.8 | 3624.2 | 3593.4 | 3524.7 | 3454.8 | 3786.8 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 5438.6 | 6514.5 | 5943.1 | 6178.3 | 6070.9 | 6514.5 | 4979.3 | 5818.9 | 6106.0 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 5826.7 | 5536.1 | 5751.2 | 5490.8 | 5637.9 | 5536.1 | 7181.5 | 6222.3 | 5983.4 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 377.0 | 392.0 | 378.6 | 383.7 | 385.9 | 392.0 | 394.9 | 402.5 | 414.2 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.2 | 1.3 | 1.3 | 1.3 | 1.2 | 1.3 | 1.4 | 1.3 | 1.3 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 113.2 | 112.5 | 114.7 | 112.7 | 112.1 | 112.5 | 111.3 | 107.8 | 103.8 | 22 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 5335.3 | 5030.3 | 5256.6 | 4993.2 | 5138.6 | 5030.3 | 6674.0 | 5710.8 | 5464.1 | 23 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 26072.4 | 29696.2 | 27738.0 | 28283.5 | 28662.8 | 29696.2 | 28824.4 | 30366.1 | 31235.6 | 24 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6297.0 | 6557.3 | 6434.9 | 6513.4 | 6588.0 | 6557.3 | 6783.2 | 7132.1 | 7169.8 | 25 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 196.5 | 194.5 | 241.1 | 236.6 | 216.3 | 194.5 | 243.1 | 166.1 | 122.2 | 26 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 563.1 | 577.2 | 565.7 | 569.3 | 569.8 | 577.2 | 579.9 | 581.0 | 582.3 | 27 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5537.4 | 5785.6 | 5628.1 | 5707.5 | 5801.9 | 5785.6 | 5960.2 | 6385.1 | 6465.3 | 28 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3302.4 | 3491.5 | 3377.7 | 3420.9 | 3452.8 | 3491.5 | 3922.2 | 3921.4 | 3733.2 | 29 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 990.3 | 1009.8 | 1001.5 | 1010.9 | 1005.6 | 1009.8 | 1339.8 | 1334.3 | 1140.1 | 30 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1726.9 | 1855.7 | 1776.8 | 1800.1 | 1826.8 | 1855.7 | 1945.6 | 1936.0 | 1929.9 | 31 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 585.2 | 626.0 | 599.4 | 609.9 | 620.5 | 626.0 | 636.8 | 651.1 | 663.2 | 32 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2690.4 | 2771.2 | 2678.8 | 2724.7 | 2758.9 | 2771.2 | 2678.3 | 2571.3 | 2772.6 | 33 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 266.7 | 251.4 | 276.9 | 245.3 | 255.9 | 251.4 | 274.3 | 297.9 | 258.6 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S. (market value); liability | LM103192005 | 6215.8 | 8145.2 | 7022.1 | 7307.6 | 7402.7 | 8145.2 | 6590.9 | 7768.8 | 8484.0 | 35 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 7300.1 | 8479.5 | 7947.5 | 8071.6 | 8204.4 | 8479.5 | 8575.5 | 8674.6 | 8817.4 | 36 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 83.8 | 83.2 | 88.7 | 86.1 | 83.8 | 87.0 | 84.3 | 82.5 | 37 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 590.0 | 175.7 | 394.8 | 297.8 | 288.2 | 175.7 | 531.1 | 249.2 | 151.6 | 38 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6625.4 | 8219.9 | 7469.5 | 7685.1 | 7830.1 | 8219.9 | 7957.4 | 8341.1 | 8583.3 | 39 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 26826.8 | 34068.9 | 30780.4 | 31570.6 | 31670.2 | 34068.9 | 27286.6 | 34032.9 | 37389.1 | 40 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 4279.5 | 5122.4 | 4440.4 | 4699.5 | 4986.6 | 5122.4 | 5287.9 | 6176.9 | 6238.1 | 41 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 5870.7 | 6082.7 | 5975.1 | 6017.5 | 6063.5 | 6082.7 | 6481.2 | 6305.6 | 6223.4 | 42 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 72.90 | 84.21 | 74.31 | 78.10 | 82.24 | 84.21 | 81.59 | 97.96 | 100.24 | 43 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 30.35 | 30.45 | 30.77 | 30.68 | 30.36 | 30.45 | 32.96 | 31.09 | 29.28 | 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: December 10, 2020