Financial Accounts of the United States - Z.1
B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total assets | FL102000005 | 47296.2 | 50184.0 | 47649.2 | 48351.0 | 49049.0 | 50184.0 | 50940.8 | 52037.6 | 53481.6 | 1 |
| Nonfinancial corporate business; nonfinancial assets | LM102010005 | 24814.3 | 25868.2 | 24989.9 | 25112.4 | 25167.2 | 25868.2 | 26171.2 | 26795.8 | 27680.8 | 2 |
| Nonfinancial corporate business; real estate at market value | LM105035005 | 14126.0 | 14833.5 | 14244.5 | 14336.8 | 14284.1 | 14833.5 | 14914.2 | 15373.1 | 16048.4 | 3 |
| Nonfinancial corporate business; equipment, current cost basis | LM105015205 | 5254.9 | 5355.7 | 5304.7 | 5323.5 | 5337.9 | 5355.7 | 5421.4 | 5414.9 | 5509.1 | 4 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis | LM105013765 | 2790.1 | 3013.0 | 2842.0 | 2908.3 | 2952.7 | 3013.0 | 3051.3 | 3105.8 | 3159.7 | 5 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis | LM105020015 | 2643.2 | 2666.1 | 2598.7 | 2543.8 | 2592.5 | 2666.1 | 2784.2 | 2901.9 | 2963.5 | 6 |
| Nonfinancial corporate business; total financial assets | FL104090005 | 22481.9 | 24315.8 | 22659.3 | 23238.5 | 23881.8 | 24315.8 | 24769.7 | 25241.8 | 25800.8 | 7 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 131.0 | 142.6 | 111.3 | 145.3 | 159.6 | 142.6 | 141.8 | 176.8 | 168.8 | 8 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1339.9 | 2005.2 | 1559.9 | 2014.0 | 2104.4 | 2005.2 | 1986.2 | 1963.4 | 2104.9 | 9 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 201.5 | 308.7 | 298.9 | 329.8 | 333.5 | 308.7 | 299.2 | 305.8 | 344.2 | 10 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 558.3 | 677.9 | 919.6 | 868.9 | 686.8 | 677.9 | 628.6 | 609.7 | 644.8 | 11 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 13.4 | 39.8 | 27.4 | 32.4 | 30.3 | 39.8 | 27.1 | 36.8 | 30.8 | 12 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 326.6 | 381.3 | 374.5 | 394.9 | 391.7 | 381.3 | 346.1 | 372.9 | 388.6 | 13 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 217.6 | 255.9 | 227.8 | 219.9 | 238.7 | 255.9 | 235.6 | 268.2 | 274.3 | 14 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 63.6 | 75.2 | 92.2 | 112.9 | 96.2 | 75.2 | 64.1 | 59.5 | 66.9 | 15 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 21.2 | 25.1 | 30.7 | 37.6 | 32.1 | 25.1 | 21.4 | 19.8 | 22.3 | 16 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 25.1 | 23.8 | 24.4 | 24.7 | 25.1 | 25.0 | 25.4 | 25.1 | 17 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 72.2 | 74.6 | 71.7 | 72.4 | 73.2 | 74.6 | 74.1 | 74.8 | 75.7 | 18 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 36.4 | 38.8 | 37.0 | 37.6 | 38.2 | 38.8 | 39.4 | 40.0 | 40.6 | 19 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 34.7 | 34.8 | 35.1 | 35.8 | 34.7 | 34.8 | 35.1 | 20 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2317.7 | 2553.7 | 1834.2 | 2169.4 | 2319.8 | 2553.7 | 2669.4 | 2855.7 | 2830.6 | 21 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 326.4 | 376.4 | 276.9 | 321.6 | 342.8 | 376.4 | 390.7 | 415.3 | 415.2 | 22 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4053.2 | 4088.0 | 3957.3 | 3740.8 | 3948.9 | 4088.0 | 4243.4 | 4434.8 | 4600.7 | 23 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6365.2 | 6885.4 | 4851.1 | 5743.6 | 6040.0 | 6885.4 | 7279.3 | 7816.9 | 7792.4 | 24 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 6776.4 | 6782.2 | 8376.5 | 7405.5 | 7450.7 | 6782.2 | 6683.7 | 6178.9 | 6404.0 | 25 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 22974.3 | 24335.6 | 23586.9 | 23882.3 | 24041.2 | 24335.6 | 24691.8 | 24857.3 | 25212.2 | 26 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6582.9 | 7200.1 | 6816.9 | 7178.1 | 7195.5 | 7200.1 | 7319.3 | 7330.8 | 7400.4 | 27 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 194.5 | 132.2 | 243.1 | 166.1 | 122.2 | 132.2 | 144.0 | 132.0 | 122.4 | 28 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 586.6 | 590.6 | 589.2 | 590.4 | 591.3 | 590.6 | 591.0 | 596.0 | 598.1 | 29 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5801.8 | 6477.3 | 5984.6 | 6421.6 | 6482.1 | 6477.3 | 6584.3 | 6602.9 | 6679.9 | 30 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3550.7 | 3862.7 | 3979.2 | 4018.3 | 3865.7 | 3862.7 | 3939.3 | 3922.2 | 3987.2 | 31 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1034.0 | 1111.6 | 1368.0 | 1361.6 | 1164.0 | 1111.6 | 1119.3 | 1030.7 | 989.0 | 32 |
| Nonfinancial corporate business; other loans and advances; liability | FL103169005 | 1837.7 | 2025.8 | 1924.2 | 1958.1 | 1993.3 | 2025.8 | 2081.3 | 2124.0 | 2192.9 | 33 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 679.0 | 725.4 | 687.1 | 698.6 | 708.3 | 725.4 | 738.7 | 767.6 | 805.3 | 34 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2920.5 | 3055.3 | 2821.1 | 2694.0 | 2909.9 | 3055.3 | 3146.3 | 3309.6 | 3472.6 | 35 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 259.9 | 273.7 | 285.3 | 314.1 | 268.1 | 273.7 | 274.7 | 239.4 | 231.3 | 36 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 410.7 | 366.9 | 396.3 | 383.4 | 383.9 | 366.9 | 347.4 | 336.1 | 358.7 | 37 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 9249.6 | 9576.9 | 9288.0 | 9294.4 | 9418.1 | 9576.9 | 9664.8 | 9719.1 | 9762.0 | 38 |
| Nonfinancial corporate business; net worth | FL102090005 | 24321.9 | 25848.4 | 24062.3 | 24468.7 | 25007.7 | 25848.4 | 26249.0 | 27180.3 | 28269.5 | 39 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 33680.5 | 41962.3 | 27002.7 | 33391.1 | 36930.1 | 41962.3 | 44805.8 | 48359.0 | 47944.8 | 40 |
| Nonfinancial corporate business; public corporate equities; liability (equal to total before 1996q4) | LM103164113 | 27633.9 | 35190.1 | 22367.7 | 27794.1 | 30773.8 | 35190.1 | 37141.4 | 40272.0 | 40120.3 | 41 |
| Nonfinancial corporate business; closely held corporate equities; liability | LM103164123 | 6046.6 | 6772.2 | 4635.0 | 5596.9 | 6156.4 | 6772.2 | 7664.4 | 8087.1 | 7824.4 | 42 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 7498.2 | 8712.1 | 5993.6 | 7192.3 | 7830.7 | 8712.1 | 9237.5 | 10036.6 | 10105.8 | 43 |
| Nonfinancial corporate business; corporate equities as a percentage of net worth (3) | FL103164106 | 169.31 | 196.04 | 137.13 | 165.86 | 178.99 | 196.04 | 205.89 | 214.85 | 205.35 | 44 |
| Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (3) | FL104104016 | 24.61 | 21.83 | 32.72 | 27.59 | 24.71 | 21.83 | 20.83 | 19.27 | 19.62 | 45 |
| Nonfinancial corporate business; debt as a percentage of net worth (market value) (3) | FL104104006 | 41.66 | 42.80 | 44.87 | 45.76 | 44.23 | 42.80 | 42.89 | 41.40 | 40.28 | 46 |
| Nonfinancial corporate business; total assets at historical cost | FL102000115 | 39080.4 | 41328.3 | 39383.7 | 40036.5 | 40744.2 | 41328.3 | 42015.5 | 42673.7 | 43452.3 | 47 |
| Nonfinancial corporate business; nonfinancial assets at historical cost | FL102010115 | 16598.5 | 17012.5 | 16724.4 | 16797.9 | 16862.4 | 17012.5 | 17245.8 | 17431.9 | 17651.5 | 48 |
| Nonfinancial corporate business; real estate, historical cost basis | FL105035045 | 6597.2 | 6785.4 | 6660.8 | 6710.0 | 6740.6 | 6785.4 | 6821.8 | 6855.9 | 6892.6 | 49 |
| Nonfinancial corporate business; nonresidential equipment, historical cost basis | FL105013213 | 5058.9 | 5145.8 | 5085.5 | 5089.9 | 5113.3 | 5145.8 | 5184.5 | 5224.1 | 5260.3 | 50 |
| Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis | FL105013715 | 2592.9 | 2743.9 | 2632.3 | 2666.1 | 2702.9 | 2743.9 | 2789.1 | 2838.1 | 2888.1 | 51 |
| Nonfinancial corporate business; inventories, historical cost basis (SOI) | FL105020000 | 2349.6 | 2337.4 | 2345.8 | 2331.9 | 2305.5 | 2337.4 | 2450.3 | 2513.8 | 2610.5 | 52 |
| Nonfinancial corporate business; net worth at historical cost | FL102090115 | 16106.1 | 16992.7 | 15796.8 | 16154.2 | 16703.0 | 16992.7 | 17323.6 | 17816.4 | 18240.2 | 53 |
| Nonfinancial corporate business; residential structures, historical cost basis | FL105012613 | 115.7 | 122.0 | 117.3 | 118.5 | 120.1 | 122.0 | 123.9 | 125.9 | 127.9 | 54 |
| Nonfinancial corporate business; nonresidential structures, historical cost basis | FL105013613 | 5782.2 | 5962.3 | 5844.1 | 5887.9 | 5926.8 | 5962.3 | 5999.2 | 6036.3 | 6073.2 | 55 |
NOTES
- 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.
- 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.
- 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: December 9, 2021