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 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 22481.9 | 23310.7 | 25354.1 | 23723.7 | 24164.6 | 24716.8 | 25354.1 | 25620.2 | 25504.4 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 131.0 | 133.8 | 152.3 | 159.4 | 188.7 | 155.9 | 152.3 | 176.0 | 156.7 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1308.3 | 1742.2 | 1872.7 | 1646.2 | 1613.4 | 1822.4 | 1872.7 | 1756.4 | 1654.8 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 201.5 | 280.7 | 267.6 | 269.2 | 273.5 | 297.6 | 267.6 | 249.2 | 233.9 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 589.9 | 712.1 | 813.1 | 747.0 | 761.1 | 769.3 | 813.1 | 784.6 | 776.2 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 13.4 | 36.7 | 24.7 | 25.0 | 32.8 | 26.5 | 24.7 | 27.2 | 22.4 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 326.6 | 361.4 | 386.7 | 328.7 | 371.3 | 372.2 | 386.7 | 353.7 | 384.9 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 217.6 | 247.9 | 253.5 | 229.6 | 265.9 | 250.3 | 253.5 | 220.2 | 246.1 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 63.6 | 72.9 | 87.6 | 62.2 | 66.7 | 79.2 | 87.6 | 88.7 | 93.0 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 21.2 | 24.3 | 29.2 | 20.7 | 22.2 | 26.4 | 29.2 | 29.6 | 31.0 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 16.3 | 16.4 | 16.2 | 16.5 | 16.3 | 16.4 | 15.3 | 14.8 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 72.2 | 80.3 | 87.0 | 80.7 | 82.4 | 84.4 | 87.0 | 87.6 | 89.6 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 36.4 | 44.4 | 51.1 | 46.0 | 47.7 | 49.4 | 51.1 | 52.9 | 54.8 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 34.7 | 34.7 | 35.0 | 35.8 | 34.7 | 34.8 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2317.7 | 2543.2 | 3123.8 | 2675.3 | 2868.1 | 2849.0 | 3123.8 | 2943.3 | 2433.3 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 326.4 | 376.4 | 433.9 | 390.8 | 415.3 | 415.1 | 433.9 | 409.0 | 358.9 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4053.2 | 3917.0 | 4516.0 | 4042.4 | 4185.8 | 4304.0 | 4516.0 | 4725.4 | 4907.3 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6329.3 | 6782.8 | 8058.4 | 7185.7 | 7749.6 | 7688.2 | 8058.4 | 7572.5 | 6490.7 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 6812.4 | 6344.2 | 5618.1 | 6173.3 | 5622.5 | 5932.1 | 5618.1 | 6535.1 | 7995.7 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 392.0 | 414.0 | 448.2 | 424.0 | 432.0 | 449.2 | 448.2 | 451.7 | 463.8 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.3 | 1.4 | 1.5 | 1.5 | 1.5 | 1.4 | 1.5 | 1.9 | 1.7 | 21 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 112.5 | 109.5 | 94.6 | 109.4 | 99.6 | 93.8 | 94.6 | 92.4 | 94.3 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 244.4 | 72.7 | 201.4 | 162.0 | 118.1 | 72.7 | 46.1 | 21.3 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 6306.5 | 5574.9 | 5001.1 | 5437.0 | 4927.4 | 5269.7 | 5001.1 | 5943.1 | 7414.5 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 22974.3 | 23013.7 | 23852.9 | 23142.0 | 23101.2 | 23404.8 | 23852.9 | 24358.5 | 24715.0 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6622.0 | 7276.1 | 7492.1 | 7411.9 | 7442.1 | 7512.0 | 7492.1 | 7587.3 | 7541.8 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 194.5 | 132.2 | 138.2 | 144.0 | 132.0 | 122.4 | 138.2 | 188.7 | 188.0 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 599.3 | 604.2 | 615.0 | 605.7 | 610.5 | 612.8 | 615.0 | 618.7 | 622.2 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5828.1 | 6539.7 | 6738.9 | 6662.2 | 6699.6 | 6776.8 | 6738.9 | 6779.8 | 6731.5 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3705.0 | 4121.0 | 4503.6 | 4200.1 | 4183.6 | 4277.2 | 4503.6 | 4794.3 | 5018.5 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1029.8 | 1182.8 | 1144.3 | 1191.0 | 1102.0 | 1062.0 | 1144.3 | 1288.8 | 1407.1 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1837.6 | 2025.7 | 2330.1 | 2081.2 | 2124.2 | 2218.7 | 2330.1 | 2441.2 | 2492.2 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 837.6 | 912.6 | 1029.2 | 927.9 | 957.4 | 996.5 | 1029.2 | 1064.3 | 1119.3 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2920.5 | 2762.9 | 3261.8 | 2793.2 | 2925.9 | 3045.6 | 3261.8 | 3359.0 | 3518.9 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 259.9 | 270.5 | 248.3 | 272.0 | 248.6 | 247.6 | 248.3 | 301.9 | 258.9 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 392.2 | 325.1 | 329.8 | 332.4 | 305.0 | 316.7 | 329.8 | 334.7 | 327.0 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 9074.8 | 8258.1 | 8017.3 | 8132.6 | 7996.0 | 8005.8 | 8017.3 | 7981.3 | 8049.9 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 80.1 | 77.7 | 74.7 | 77.0 | 76.3 | 75.5 | 74.7 | 74.0 | 73.4 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 404.8 | 164.5 | -36.6 | 155.3 | 24.5 | 71.2 | -36.6 | 190.5 | 581.3 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8589.9 | 8015.9 | 7979.1 | 7900.2 | 7895.2 | 7859.1 | 7979.1 | 7716.8 | 7395.1 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 33680.5 | 42498.0 | 51407.7 | 44980.2 | 48275.9 | 48154.5 | 51407.7 | 48028.8 | 39312.5 | 41 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 7496.1 | 8670.3 | 11194.7 | 9215.4 | 10018.8 | 10080.8 | 11194.7 | 10604.0 | 8758.9 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 5214.8 | 6186.3 | 7074.8 | 6241.6 | 6524.3 | 6708.1 | 7074.8 | 6699.5 | 6021.1 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 6242.3 | 6374.0 | 7122.8 | 6481.4 | 6532.6 | 6696.3 | 7122.8 | 7579.7 | 7865.1 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 83.54 | 97.06 | 99.33 | 96.30 | 99.87 | 100.18 | 99.33 | 88.39 | 76.55 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 29.65 | 29.31 | 30.12 | 29.42 | 28.89 | 28.87 | 30.12 | 31.65 | 32.54 | 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 9, 2022