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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 23277.9 | 25394.6 | 23716.9 | 24193.0 | 24555.4 | 25394.6 | 25515.1 | 25354.9 | 25252.4 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 135.0 | 158.8 | 161.0 | 193.6 | 160.4 | 158.8 | 184.4 | 156.1 | 152.8 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1740.9 | 1882.2 | 1706.7 | 1693.5 | 1835.3 | 1882.2 | 1830.4 | 1706.0 | 1520.9 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 278.1 | 276.8 | 275.0 | 281.3 | 307.3 | 276.8 | 270.4 | 266.1 | 281.0 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 712.1 | 813.1 | 747.0 | 761.1 | 769.3 | 813.1 | 784.6 | 776.2 | 781.3 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 37.0 | 25.1 | 22.3 | 36.2 | 27.0 | 25.1 | 27.8 | 22.8 | 20.5 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 364.3 | 384.0 | 334.5 | 362.5 | 370.3 | 384.0 | 360.7 | 384.1 | 344.8 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 250.9 | 253.0 | 235.5 | 269.1 | 250.1 | 253.0 | 229.0 | 245.4 | 210.0 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 72.9 | 85.9 | 62.1 | 57.7 | 77.9 | 85.9 | 87.3 | 92.9 | 90.5 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 24.3 | 28.6 | 20.7 | 19.2 | 26.0 | 28.6 | 29.1 | 31.0 | 30.2 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 16.4 | 16.2 | 16.5 | 16.3 | 16.4 | 15.3 | 14.7 | 14.1 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 80.3 | 87.0 | 80.7 | 82.4 | 84.4 | 87.0 | 87.6 | 89.6 | 91.8 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 44.4 | 51.1 | 46.0 | 47.7 | 49.4 | 51.1 | 52.9 | 54.8 | 56.8 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 34.7 | 34.7 | 35.0 | 35.8 | 34.7 | 34.8 | 35.0 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2543.2 | 3124.4 | 2675.0 | 2868.1 | 2849.3 | 3124.4 | 2944.1 | 2434.3 | 2280.1 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 376.7 | 446.6 | 394.2 | 422.1 | 425.0 | 446.6 | 424.1 | 375.4 | 360.3 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 3916.2 | 4468.3 | 4068.5 | 4213.1 | 4300.5 | 4468.3 | 4669.1 | 4862.5 | 4819.9 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6782.8 | 8058.4 | 7185.7 | 7749.6 | 7688.2 | 8058.4 | 7545.5 | 6411.6 | 5819.1 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 6311.3 | 5670.0 | 6066.2 | 5529.4 | 5738.4 | 5670.0 | 6386.5 | 7870.5 | 8780.0 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 414.0 | 450.0 | 424.5 | 433.0 | 450.6 | 450.0 | 454.1 | 466.9 | 482.9 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.4 | 1.5 | 1.5 | 1.5 | 1.4 | 1.5 | 1.9 | 1.7 | 1.7 | 21 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 109.5 | 94.6 | 109.4 | 99.6 | 93.8 | 94.6 | 92.4 | 94.4 | 91.2 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 244.4 | 72.7 | 201.4 | 162.0 | 118.1 | 72.7 | 46.1 | 21.3 | 9.2 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 5542.0 | 5051.2 | 5329.4 | 4833.4 | 5074.6 | 5051.2 | 5792.0 | 7286.1 | 8195.1 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 22998.5 | 24089.3 | 23192.5 | 23342.1 | 23631.8 | 24089.3 | 24617.1 | 25081.9 | 25188.2 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7277.3 | 7492.7 | 7412.2 | 7442.1 | 7512.9 | 7492.7 | 7587.9 | 7542.7 | 7551.2 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 132.2 | 138.2 | 144.0 | 132.0 | 122.4 | 138.2 | 188.7 | 188.1 | 199.1 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 604.5 | 615.0 | 605.9 | 610.7 | 612.9 | 615.0 | 618.8 | 622.2 | 616.7 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 6540.6 | 6739.4 | 6662.3 | 6699.4 | 6777.6 | 6739.4 | 6780.3 | 6732.4 | 6735.5 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 4121.1 | 4513.2 | 4201.7 | 4187.4 | 4283.1 | 4513.2 | 4803.7 | 5028.5 | 5139.6 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1182.8 | 1144.4 | 1191.0 | 1102.1 | 1062.1 | 1144.4 | 1288.9 | 1404.5 | 1459.2 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 2025.7 | 2330.2 | 2081.3 | 2124.3 | 2218.8 | 2330.2 | 2441.3 | 2493.0 | 2512.4 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 912.6 | 1038.6 | 929.4 | 961.1 | 1002.2 | 1038.6 | 1073.5 | 1131.1 | 1168.1 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2764.6 | 3216.5 | 2817.2 | 2927.4 | 3031.5 | 3216.5 | 3351.6 | 3520.0 | 3509.7 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 275.4 | 251.5 | 277.3 | 253.6 | 252.8 | 251.5 | 305.0 | 265.9 | 261.8 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 325.1 | 329.8 | 332.4 | 305.0 | 316.7 | 329.8 | 313.7 | 315.4 | 324.6 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8235.1 | 8285.7 | 8151.6 | 8226.6 | 8234.9 | 8285.7 | 8255.2 | 8409.4 | 8401.2 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 77.7 | 74.9 | 77.1 | 76.5 | 75.7 | 74.9 | 74.2 | 73.5 | 72.7 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 118.9 | -76.2 | 112.2 | -16.6 | 31.4 | -76.2 | 151.0 | 542.0 | 703.2 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8038.4 | 8287.0 | 7962.3 | 8166.7 | 8127.8 | 8287.0 | 8030.0 | 7793.9 | 7625.3 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 42498.0 | 51408.0 | 44980.3 | 48277.7 | 48151.5 | 51408.0 | 48188.9 | 39427.4 | 37736.5 | 41 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 8670.3 | 11194.7 | 9215.4 | 10018.8 | 10080.8 | 11194.7 | 10619.5 | 8857.6 | 8468.8 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 6187.3 | 7110.9 | 6315.8 | 6618.5 | 6743.9 | 7110.9 | 6826.5 | 6120.8 | 5741.6 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 6380.7 | 7080.8 | 6510.9 | 6539.3 | 6687.6 | 7080.8 | 7575.5 | 7871.5 | 7942.1 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 96.97 | 100.43 | 97.00 | 101.21 | 100.84 | 100.43 | 90.11 | 77.76 | 72.29 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 29.31 | 30.09 | 29.42 | 28.88 | 28.85 | 30.09 | 31.63 | 32.50 | 32.86 | 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, 2022