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 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 |
| 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 | 2 |
| 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 | 3 |
| 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 | 4 |
| 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 | 5 |
| 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 | 6 |
| 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 | 7 |
| 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 | 8 |
| 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 | 9 |
| 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 | 10 |
| 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 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 70.7 | 72.2 | 74.6 | 71.7 | 72.4 | 73.2 | 74.6 | 74.1 | 74.8 | 12 |
| 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 | 13 |
| 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 | 14 |
| 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 | 15 |
| 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 | 16 |
| 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 | 17 |
| 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 | 18 |
| 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 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 377.0 | 392.0 | 417.3 | 395.6 | 404.0 | 416.4 | 417.3 | 426.6 | 434.0 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.2 | 1.3 | 1.4 | 1.4 | 1.3 | 1.3 | 1.4 | 1.5 | 1.5 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 113.2 | 112.5 | 109.5 | 111.3 | 107.8 | 103.8 | 109.5 | 109.4 | 99.8 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 0.0 | 210.0 | 0.0 | 92.5 | 223.9 | 210.0 | 217.2 | 266.5 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 5349.1 | 6270.6 | 6003.1 | 7869.0 | 6801.1 | 6668.6 | 6003.1 | 5939.6 | 5512.8 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 20371.9 | 22974.3 | 24289.3 | 23586.9 | 23882.3 | 24015.3 | 24289.3 | 24646.5 | 24807.7 | 25 |
| 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 | 26 |
| 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 | 27 |
| 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 | 28 |
| 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 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3339.3 | 3550.4 | 3862.0 | 3978.2 | 4017.3 | 3863.9 | 3862.0 | 3938.9 | 3910.6 | 30 |
| 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 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1709.8 | 1837.7 | 2027.3 | 1924.2 | 1958.1 | 1993.3 | 2027.3 | 2082.2 | 2123.0 | 32 |
| 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 | 33 |
| 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 | 34 |
| 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 | 35 |
| 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 | 36 |
| 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 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 80.1 | 70.2 | 79.4 | 76.6 | 73.7 | 70.2 | 67.9 | 64.3 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 601.7 | 404.8 | 218.9 | 760.1 | 488.7 | 403.9 | 218.9 | 206.5 | 77.8 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6670.8 | 8767.4 | 9248.3 | 8451.8 | 8732.3 | 8925.9 | 9248.3 | 9341.6 | 9542.8 | 40 |
| 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 | 41 |
| 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 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 4276.8 | 5214.8 | 6474.5 | 5402.0 | 6275.2 | 6354.0 | 6474.5 | 6472.2 | 6770.6 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 5866.3 | 6246.6 | 6596.0 | 6641.7 | 6493.9 | 6452.0 | 6596.0 | 6768.5 | 6813.3 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 72.90 | 83.48 | 98.16 | 81.33 | 96.63 | 98.48 | 98.16 | 95.62 | 99.37 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 30.15 | 30.27 | 29.58 | 32.76 | 31.14 | 29.66 | 29.58 | 29.73 | 29.19 | 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: September 23, 2021