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 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 18000.6 | 19128.1 | 22489.7 | 24348.5 | 22665.5 | 23289.3 | 23871.0 | 24348.5 | 24882.8 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 216.6 | 106.3 | 131.0 | 140.4 | 111.3 | 144.3 | 158.5 | 140.4 | 139.0 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 951.7 | 1189.7 | 1339.9 | 2012.6 | 1559.9 | 2017.3 | 2102.2 | 2012.6 | 1909.9 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 181.3 | 187.2 | 201.5 | 288.3 | 298.9 | 316.9 | 314.8 | 288.3 | 277.1 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 499.5 | 466.1 | 558.3 | 677.9 | 919.6 | 868.9 | 686.8 | 677.9 | 628.5 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 39.6 | 14.6 | 13.4 | 35.8 | 27.4 | 32.4 | 30.3 | 35.8 | 23.7 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 236.0 | 253.2 | 326.6 | 386.5 | 374.5 | 395.3 | 391.9 | 386.5 | 346.5 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 123.7 | 162.1 | 217.6 | 261.1 | 227.8 | 220.4 | 238.9 | 261.1 | 236.1 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 71.3 | 54.4 | 63.6 | 75.2 | 92.2 | 112.9 | 96.2 | 75.2 | 64.0 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 23.8 | 18.1 | 21.2 | 25.1 | 30.7 | 37.6 | 32.1 | 25.1 | 21.3 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 17.2 | 18.5 | 24.2 | 25.1 | 23.8 | 24.4 | 24.7 | 25.1 | 25.0 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 68.5 | 70.7 | 72.2 | 74.6 | 71.7 | 72.4 | 73.2 | 74.6 | 74.1 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 32.2 | 34.2 | 36.4 | 38.8 | 37.0 | 37.6 | 38.2 | 38.8 | 39.4 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 36.2 | 36.5 | 35.8 | 35.8 | 34.7 | 34.8 | 35.1 | 35.8 | 34.7 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1949.3 | 1789.9 | 2317.7 | 2531.0 | 1826.0 | 2156.6 | 2302.7 | 2531.0 | 2642.2 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 301.0 | 269.9 | 326.4 | 376.4 | 276.9 | 321.6 | 342.8 | 376.4 | 390.7 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 3116.4 | 3512.7 | 4053.2 | 4105.2 | 3957.3 | 3758.6 | 3960.4 | 4105.2 | 4296.2 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6722.7 | 5438.6 | 6514.5 | 6857.5 | 4979.3 | 5809.9 | 6121.4 | 6857.5 | 7180.0 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 3718.2 | 5829.3 | 6634.9 | 6862.3 | 8262.6 | 7395.2 | 7385.9 | 6862.3 | 6974.8 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 365.6 | 377.0 | 392.0 | 417.3 | 395.6 | 404.0 | 416.5 | 417.3 | 426.7 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.2 | 1.2 | 1.3 | 1.4 | 1.4 | 1.3 | 1.3 | 1.4 | 1.5 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 110.7 | 113.2 | 112.5 | 109.4 | 111.3 | 107.8 | 103.8 | 109.4 | 109.2 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 0.0 | 0.0 | 259.3 | 0.0 | 97.7 | 236.4 | 259.3 | 298.2 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 3240.7 | 5337.9 | 6129.1 | 6074.9 | 7754.3 | 6784.4 | 6627.8 | 6074.9 | 6139.2 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 19142.9 | 20371.9 | 22974.3 | 24313.3 | 23586.9 | 23891.8 | 24023.5 | 24313.3 | 24675.6 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6169.9 | 6303.8 | 6573.5 | 7257.4 | 6814.5 | 7176.3 | 7219.6 | 7257.4 | 7387.4 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 206.7 | 196.5 | 194.5 | 132.2 | 243.1 | 166.1 | 122.2 | 132.2 | 144.0 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 567.8 | 563.5 | 577.6 | 582.8 | 580.2 | 581.3 | 582.2 | 582.8 | 582.1 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5395.4 | 5543.8 | 5801.4 | 6542.4 | 5991.2 | 6428.9 | 6515.1 | 6542.4 | 6661.3 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 2800.7 | 3326.2 | 3532.7 | 3862.1 | 3961.3 | 3999.5 | 3845.2 | 3862.1 | 3848.8 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 899.6 | 1003.0 | 1033.8 | 1132.2 | 1368.0 | 1361.7 | 1164.3 | 1132.2 | 1056.2 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1364.8 | 1709.7 | 1837.7 | 2025.9 | 1924.2 | 1957.6 | 1992.0 | 2025.9 | 2076.5 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 536.4 | 613.5 | 661.2 | 704.0 | 669.1 | 680.2 | 688.9 | 704.0 | 716.2 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2369.7 | 2690.4 | 2920.5 | 3061.9 | 2821.1 | 2705.6 | 2913.6 | 3061.9 | 3120.6 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 277.2 | 266.7 | 259.9 | 273.1 | 285.3 | 314.1 | 268.4 | 273.1 | 275.2 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 459.8 | 414.5 | 464.2 | 355.5 | 448.1 | 394.8 | 389.3 | 355.5 | 350.6 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 7065.5 | 7370.4 | 9223.6 | 9503.3 | 9256.6 | 9301.6 | 9387.4 | 9503.3 | 9693.0 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 119.3 | 84.7 | 83.8 | 76.7 | 87.0 | 83.1 | 80.2 | 76.7 | 75.1 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 326.7 | 590.0 | 175.7 | 147.1 | 531.1 | 335.2 | 273.0 | 147.1 | 140.3 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6619.6 | 6695.6 | 8964.0 | 9279.4 | 8638.5 | 8883.3 | 9034.2 | 9279.4 | 9477.6 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 28747.5 | 26543.6 | 33680.3 | 42213.4 | 27002.7 | 33391.1 | 36934.5 | 42213.4 | 45115.2 | 41 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 6080.1 | 5801.4 | 7681.0 | 8758.6 | 6142.8 | 7349.3 | 7993.7 | 8758.6 | 9394.4 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 4374.9 | 4276.8 | 5214.8 | 6448.9 | 5394.6 | 6253.3 | 6330.1 | 6448.9 | 6357.6 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 5117.9 | 5866.3 | 6246.4 | 6625.3 | 6641.7 | 6505.1 | 6460.5 | 6625.3 | 6672.5 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 85.48 | 72.91 | 83.49 | 97.34 | 81.22 | 96.13 | 97.98 | 97.34 | 95.28 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 27.55 | 30.21 | 30.34 | 29.59 | 32.81 | 31.19 | 29.63 | 29.59 | 29.16 | 46 |
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 27, 31, 32, 34, and 35. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
- Short-term debt is the sum of lines 27, 31, and 32. Total debt is the sum of lines 26 and 30.
Last Update: June 10, 2021