B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2018 2019 2020 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 Line
Nonfinancial corporate business; total assets FL102000005 42376.1 47374.2 50121.7 47701.7 48383.0 49001.8 50121.7 50934.8 52091.9 1
Nonfinancial corporate business; nonfinancial assets LM102010005 23263.5 24892.2 25863.0 25042.4 25144.4 25176.5 25863.0 26166.7 26743.6 2
Nonfinancial corporate business; real estate at market value LM105035005 12991.7 14204.0 14828.3 14297.1 14368.8 14293.4 14828.3 14909.8 15322.6 3
Nonfinancial corporate business; equipment, current cost basis LM105015205 5074.2 5254.9 5355.7 5304.7 5323.5 5337.9 5355.7 5421.4 5414.6 4
Nonfinancial corporate business; nonresidential intellectual property products, current cost basis LM105013765 2626.1 2790.1 3013.0 2842.0 2908.3 2952.7 3013.0 3051.3 3107.4 5
Nonfinancial corporate business; inventories excluding IVA, current cost basis LM105020015 2571.5 2643.2 2666.1 2598.7 2543.8 2592.5 2666.1 2784.2 2899.0 6
Nonfinancial corporate business; total financial assets FL104090005 19112.5 22481.9 24258.7 22659.3 23238.5 23825.3 24258.7 24768.0 25348.3 7
Nonfinancial corporate business; private foreign deposits; asset FL103091003 106.3 131.0 142.8 111.3 145.3 159.8 142.8 142.3 176.8 8
Nonfinancial corporate business; checkable deposits and currency; asset FL103020000 1189.7 1339.9 1999.4 1559.9 2014.0 2094.2 1999.4 1974.5 1994.4 9
Nonfinancial corporate business; total time and savings deposits; asset FL103030003 187.2 201.5 305.0 298.9 329.8 330.2 305.0 295.0 301.7 10
Nonfinancial corporate business; money market fund shares; asset FL103034000 466.1 558.3 677.9 919.6 868.9 686.8 677.9 628.6 609.7 11
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 14.6 13.4 39.8 27.4 32.4 30.3 39.8 23.9 39.0 12
Nonfinancial corporate business; debt securities; asset LM104022005 253.2 326.6 381.0 374.5 394.9 391.4 381.0 349.5 380.0 13
Nonfinancial corporate business; commercial paper; asset FL103069100 162.1 217.6 255.7 227.8 219.9 238.4 255.7 239.1 275.3 14
Nonfinancial corporate business; Treasury securities; asset LM103061103 54.4 63.6 75.2 92.2 112.9 96.2 75.2 64.0 59.5 15
Nonfinancial corporate business; agency- and GSE-backed securities; asset LM103061703 18.1 21.2 25.1 30.7 37.6 32.1 25.1 21.3 19.8 16
Nonfinancial corporate business; municipal securities; asset LM103062003 18.5 24.2 25.1 23.8 24.4 24.7 25.1 25.0 25.3 17
Nonfinancial corporate business; loans; asset FL104023005 70.7 72.2 74.6 71.7 72.4 73.2 74.6 74.1 74.8 18
Nonfinancial corporate business; total mortgages; asset FL103065003 34.2 36.4 38.8 37.0 37.6 38.2 38.8 39.4 40.0 19
Nonfinancial corporate business; consumer credit; asset FL103066005 36.5 35.8 35.8 34.7 34.8 35.1 35.8 34.7 34.8 20
Nonfinancial corporate business; corporate equities; asset LM103064103 1789.9 2317.7 2552.1 1833.4 2168.3 2318.6 2552.1 2667.6 2853.7 21
Nonfinancial corporate business; mutual fund shares; asset LM103064203 269.9 326.4 376.4 276.9 321.6 342.8 376.4 390.7 415.3 22
Nonfinancial corporate business; trade receivables; asset FL103070005 3512.7 4053.2 4082.9 3957.3 3740.8 3944.1 4082.9 4243.2 4439.7 23
Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) LM103092005 5411.8 6365.2 6885.4 4851.1 5743.6 6040.0 6885.4 7284.2 7756.8 24
Nonfinancial corporate business; total miscellaneous assets FL103090005 5840.5 6776.4 6741.3 8377.3 7406.6 7413.9 6741.3 6694.3 6314.6 25
Nonfinancial corporate business; total liabilities FL104190005 20371.9 22974.3 24289.3 23586.9 23882.3 24015.3 24289.3 24646.5 24807.7 26
Nonfinancial corporate business; debt securities; liability FL104122005 6310.2 6580.5 7198.2 6814.7 7175.9 7191.5 7198.2 7315.3 7327.9 27
Nonfinancial corporate business; commercial paper; liability FL103169100 196.5 194.5 132.2 243.1 166.1 122.2 132.2 144.1 133.9 28
Nonfinancial corporate business; municipal securities; liability (2) FL103162000 571.3 586.5 591.2 589.1 590.2 591.1 591.2 591.6 596.8 29
Nonfinancial corporate business; corporate bonds; liability (1) FL103163003 5542.4 5799.5 6474.9 5982.4 6419.6 6478.2 6474.9 6579.5 6597.1 30
Nonfinancial corporate business; loans; liability FL104123005 3339.3 3550.4 3862.0 3978.2 4017.3 3863.9 3862.0 3938.9 3910.6 31
Nonfinancial corporate business; depository institution loans n.e.c.; liability FL103168005 1003.0 1034.0 1111.6 1368.0 1361.6 1164.0 1111.6 1119.8 1023.2 32
Nonfinancial corporate business; other loans and advances; liability FL103169005 1709.8 1837.7 2027.3 1924.2 1958.1 1993.3 2027.3 2082.2 2123.0 33
Nonfinancial corporate business; total mortgages; liability FL103165005 626.5 678.7 723.1 686.0 697.6 706.6 723.1 737.0 764.4 34
Nonfinancial corporate business; trade payables; liability FL103170005 2690.4 2920.5 3051.2 2821.1 2694.0 2904.5 3051.2 3146.7 3305.8 35
Nonfinancial corporate business; total taxes payable; liability FL103178005 266.7 259.9 273.7 285.3 314.1 267.9 273.7 275.7 227.4 36
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) LM103192305 408.2 410.7 366.9 396.3 383.4 383.9 366.9 353.8 351.1 37
Nonfinancial corporate business; total miscellaneous liabilities FL103190005 7357.1 9252.3 9537.4 9291.3 9297.6 9403.5 9537.4 9616.1 9684.9 38
Nonfinancial corporate business; net worth FL102090005 22004.2 24399.8 25832.3 24114.8 24500.7 24986.6 25832.3 26288.3 27284.2 39
Nonfinancial corporate business; corporate equities; liability LM103164103 26543.6 33680.3 41960.8 27002.7 33391.0 36930.1 41960.8 44859.4 48489.5 40
Nonfinancial corporate business; public corporate equities; liability (equal to total before 1996q4) LM103164113 21728.9 27633.7 35190.0 22367.7 27794.1 30773.7 35190.0 37141.1 40346.4 41
Nonfinancial corporate business; closely held corporate equities; liability LM103164123 4814.7 6046.6 6770.8 4635.0 5596.9 6156.4 6770.8 7718.3 8143.1 42
Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) LM103192105 5813.2 7498.2 8712.1 5993.6 7192.3 7830.7 8712.1 9235.9 10090.8 43
Nonfinancial corporate business; corporate equities as a percentage of net worth (3) FL103164106 147.05 168.77 196.16 136.83 165.64 179.14 196.16 205.78 214.70 44
Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (3) FL104104016 29.82 24.60 21.83 32.71 27.58 24.70 21.83 20.80 19.18 45
Nonfinancial corporate business; debt as a percentage of net worth (market value) (3) FL104104006 43.85 41.52 42.82 44.76 45.68 44.25 42.82 42.81 41.19 46
Nonfinancial corporate business; total assets at historical cost FL102000115 34888.6 39080.4 41257.4 39383.7 40036.5 40681.8 41257.4 42002.5 42771.1 47
Nonfinancial corporate business; nonfinancial assets at historical cost FL102010115 15776.1 16598.5 16998.7 16724.4 16797.9 16856.4 16998.7 17234.5 17422.8 48
Nonfinancial corporate business; real estate, historical cost basis FL105035045 6256.9 6597.2 6785.8 6660.8 6710.0 6740.9 6785.8 6822.2 6855.7 49
Nonfinancial corporate business; nonresidential equipment, historical cost basis FL105013213 4875.4 5058.9 5145.8 5085.5 5089.9 5113.3 5145.8 5184.5 5223.9 50
Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis FL105013715 2435.4 2592.9 2743.9 2632.3 2666.1 2702.9 2743.9 2789.1 2839.1 51
Nonfinancial corporate business; inventories, historical cost basis (SOI) FL105020000 2208.4 2349.6 2323.2 2345.8 2331.9 2299.3 2323.2 2438.6 2504.1 52
Nonfinancial corporate business; net worth at historical cost FL102090115 14516.7 16106.1 16968.0 15796.8 16154.2 16666.5 16968.0 17356.0 17963.4 53
Nonfinancial corporate business; residential structures, historical cost basis FL105012613 110.0 115.7 122.0 117.3 118.5 120.1 122.0 123.9 125.9 54
Nonfinancial corporate business; nonresidential structures, historical cost basis FL105013613 5528.6 5782.2 5962.3 5844.1 5887.9 5926.8 5962.3 5999.2 6035.7 55

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. Debt is calculated as the sum of debt securities (line 27) and loans (line 31). The ratios on line 44 and 45 use the sum of corporate equities (line 40) and foreign direct investment: equity (line 43).
Last Update: September 23, 2021