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 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 22481.9 | 24315.8 | 26381.4 | 23881.8 | 24315.8 | 24767.1 | 25239.3 | 25767.1 | 26381.4 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 131.0 | 142.6 | 156.3 | 159.6 | 142.6 | 141.8 | 176.8 | 168.8 | 156.3 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1339.9 | 2005.2 | 2014.3 | 2104.4 | 2005.2 | 1986.2 | 1963.4 | 2104.9 | 2014.3 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 201.5 | 308.7 | 331.4 | 333.5 | 308.7 | 299.2 | 305.8 | 344.2 | 331.4 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 558.3 | 677.9 | 694.3 | 686.8 | 677.9 | 628.6 | 609.7 | 660.5 | 694.3 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 13.4 | 39.8 | 35.2 | 30.3 | 39.8 | 27.1 | 36.8 | 30.8 | 35.2 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 326.6 | 381.3 | 394.2 | 391.7 | 381.3 | 346.1 | 372.9 | 388.6 | 394.2 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 217.6 | 255.9 | 271.3 | 238.7 | 255.9 | 235.6 | 268.2 | 274.3 | 271.3 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 63.6 | 75.2 | 71.2 | 96.2 | 75.2 | 64.1 | 59.5 | 66.9 | 71.2 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 21.2 | 25.1 | 26.5 | 32.1 | 25.1 | 21.4 | 19.8 | 22.3 | 26.5 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 25.1 | 25.3 | 24.7 | 25.1 | 25.0 | 25.4 | 25.1 | 25.3 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 72.2 | 74.6 | 77.1 | 73.2 | 74.6 | 74.1 | 74.8 | 75.7 | 77.1 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 36.4 | 38.8 | 41.3 | 38.2 | 38.8 | 39.4 | 40.0 | 40.6 | 41.3 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 35.1 | 35.8 | 34.7 | 34.8 | 35.1 | 35.8 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2317.7 | 2543.3 | 3077.0 | 2312.8 | 2543.3 | 2656.0 | 2839.0 | 2811.6 | 3077.0 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 326.4 | 376.4 | 433.8 | 342.8 | 376.4 | 390.7 | 415.3 | 415.2 | 433.8 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4053.2 | 4088.0 | 4767.0 | 3948.9 | 4088.0 | 4243.4 | 4434.8 | 4600.7 | 4767.0 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6365.2 | 6885.4 | 8000.3 | 6040.0 | 6885.4 | 7279.3 | 7800.3 | 7752.1 | 8000.3 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 6776.4 | 6792.7 | 6400.4 | 7457.7 | 6792.7 | 6694.4 | 6209.6 | 6413.9 | 6400.4 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 392.0 | 414.0 | 466.9 | 414.0 | 414.0 | 424.0 | 432.0 | 449.1 | 466.9 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.3 | 1.4 | 1.5 | 1.3 | 1.4 | 1.5 | 1.5 | 1.4 | 1.5 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 112.5 | 109.5 | 94.2 | 103.8 | 109.5 | 109.4 | 99.6 | 93.8 | 94.2 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 210.0 | 19.9 | 223.9 | 210.0 | 163.9 | 115.6 | 67.2 | 19.9 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 6270.6 | 6057.8 | 5817.8 | 6714.8 | 6057.8 | 5995.7 | 5560.9 | 5802.3 | 5817.8 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 22974.3 | 24335.6 | 25573.5 | 24041.2 | 24335.6 | 24691.8 | 24857.3 | 25212.2 | 25573.5 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6596.7 | 7213.4 | 7390.4 | 7205.9 | 7213.4 | 7339.2 | 7350.0 | 7411.2 | 7390.4 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 194.5 | 132.2 | 138.2 | 122.2 | 132.2 | 144.0 | 132.0 | 122.4 | 138.2 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 586.4 | 590.2 | 599.9 | 591.0 | 590.2 | 590.9 | 595.7 | 597.7 | 599.9 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5815.7 | 6490.9 | 6652.2 | 6492.7 | 6490.9 | 6604.3 | 6622.3 | 6691.0 | 6652.2 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3550.3 | 3861.6 | 4260.1 | 3864.7 | 3861.6 | 3940.2 | 3923.3 | 4016.1 | 4260.1 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1034.0 | 1111.8 | 1066.6 | 1164.1 | 1111.8 | 1120.0 | 1031.3 | 991.0 | 1066.6 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1837.7 | 2025.8 | 2334.2 | 1993.3 | 2025.8 | 2081.4 | 2124.0 | 2218.9 | 2334.2 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 678.6 | 724.0 | 859.3 | 707.3 | 724.0 | 738.9 | 767.9 | 806.2 | 859.3 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2920.5 | 3055.3 | 3599.0 | 2909.9 | 3055.3 | 3146.3 | 3309.6 | 3472.6 | 3599.0 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 259.9 | 273.7 | 204.2 | 268.1 | 273.7 | 274.7 | 227.4 | 204.3 | 204.2 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 410.7 | 366.9 | 329.6 | 383.9 | 366.9 | 347.4 | 313.9 | 322.5 | 329.6 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 9236.2 | 9564.7 | 9790.3 | 9408.7 | 9564.7 | 9644.0 | 9733.1 | 9785.5 | 9790.3 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 80.1 | 69.7 | 57.0 | 73.4 | 69.7 | 67.3 | 63.6 | 60.4 | 57.0 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 404.8 | 218.1 | 7.4 | 403.9 | 218.1 | 204.9 | 75.0 | 124.9 | 7.4 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8751.3 | 9276.9 | 9725.9 | 8931.3 | 9276.9 | 9371.7 | 9594.5 | 9600.3 | 9725.9 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 33680.5 | 42438.6 | 51949.0 | 36930.1 | 42438.6 | 45343.4 | 48791.6 | 48368.3 | 51949.0 | 41 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 7498.2 | 8712.1 | 11138.7 | 7830.7 | 8712.1 | 9237.5 | 10010.7 | 10066.2 | 11138.7 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 5214.8 | 6475.2 | 7136.5 | 6361.9 | 6475.2 | 6475.9 | 6719.7 | 6924.7 | 7136.5 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 6246.6 | 6598.7 | 7342.1 | 6457.7 | 6598.7 | 6766.4 | 6824.4 | 7009.3 | 7342.1 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 83.48 | 98.13 | 97.20 | 98.52 | 98.13 | 95.71 | 98.47 | 98.79 | 97.20 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 30.22 | 29.52 | 30.38 | 29.63 | 29.52 | 29.66 | 29.16 | 29.16 | 30.38 | 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: March 10, 2022