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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 |
| 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 | 2 |
| 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 | 3 |
| 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 | 4 |
| 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 | 5 |
| 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 | 6 |
| 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 | 7 |
| 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 | 8 |
| 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 | 9 |
| 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 | 10 |
| 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 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 72.2 | 74.6 | 71.7 | 72.4 | 73.2 | 74.6 | 74.1 | 74.8 | 75.7 | 12 |
| 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 | 13 |
| 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 | 14 |
| 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 | 15 |
| 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 | 16 |
| 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 | 17 |
| 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 | 18 |
| 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 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 392.0 | 414.0 | 394.8 | 402.4 | 414.0 | 414.0 | 423.9 | 431.8 | 448.9 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.3 | 1.4 | 1.4 | 1.3 | 1.3 | 1.4 | 1.5 | 1.5 | 1.4 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 112.5 | 109.5 | 111.3 | 107.8 | 103.8 | 109.5 | 109.4 | 99.6 | 83.5 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 210.0 | 0.0 | 92.5 | 223.9 | 210.0 | 166.4 | 118.1 | 101.2 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 6270.6 | 6047.3 | 7869.0 | 6801.6 | 6707.8 | 6047.3 | 5982.4 | 5527.8 | 5769.0 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 22974.3 | 24335.6 | 23586.9 | 23882.3 | 24041.2 | 24335.6 | 24691.8 | 24857.3 | 25212.2 | 25 |
| 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 | 26 |
| 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 | 27 |
| 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 | 28 |
| 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 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3550.7 | 3862.7 | 3979.2 | 4018.3 | 3865.7 | 3862.7 | 3939.3 | 3922.2 | 3987.2 | 30 |
| 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 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1837.7 | 2025.8 | 1924.2 | 1958.1 | 1993.3 | 2025.8 | 2081.3 | 2124.0 | 2192.9 | 32 |
| 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 | 33 |
| 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 | 34 |
| 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 | 35 |
| 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 | 36 |
| 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 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 80.1 | 70.2 | 79.4 | 76.6 | 73.7 | 70.2 | 67.9 | 64.3 | 61.0 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 404.8 | 218.9 | 760.1 | 488.7 | 403.9 | 218.9 | 206.5 | 77.8 | 127.6 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8764.7 | 9287.8 | 8448.5 | 8729.1 | 8940.5 | 9287.8 | 9390.3 | 9577.0 | 9573.3 | 40 |
| 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 | 41 |
| 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 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 5214.8 | 6485.6 | 5402.8 | 6276.2 | 6368.9 | 6485.6 | 6489.2 | 6736.4 | 6928.0 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 6246.6 | 6598.5 | 6641.7 | 6493.9 | 6457.5 | 6598.5 | 6765.7 | 6835.6 | 7008.3 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 83.48 | 98.29 | 81.35 | 96.65 | 98.63 | 98.29 | 95.91 | 98.55 | 98.86 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 30.26 | 29.55 | 32.75 | 31.13 | 29.65 | 29.55 | 29.71 | 29.21 | 29.02 | 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: December 9, 2021