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 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 24993.2 | 28069.0 | 26824.7 | 26911.2 | 28069.0 | 27600.2 | 26172.6 | 25471.0 | 26824.7 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 135.0 | 158.8 | 146.1 | 160.4 | 158.8 | 184.4 | 156.1 | 152.8 | 146.1 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1740.9 | 1882.2 | 1552.1 | 1835.3 | 1882.2 | 1830.4 | 1706.0 | 1570.9 | 1552.1 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 278.1 | 276.8 | 291.6 | 307.3 | 276.8 | 270.4 | 266.1 | 281.0 | 291.6 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 712.1 | 813.1 | 819.2 | 769.3 | 813.1 | 784.6 | 776.2 | 781.5 | 819.2 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 37.0 | 25.1 | 13.8 | 27.0 | 25.1 | 27.8 | 22.8 | 20.5 | 13.8 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 364.3 | 384.0 | 387.6 | 370.3 | 384.0 | 360.7 | 384.1 | 344.8 | 387.6 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 250.9 | 253.0 | 209.9 | 250.1 | 253.0 | 229.0 | 245.4 | 210.0 | 209.9 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 72.9 | 85.9 | 117.7 | 77.9 | 85.9 | 87.3 | 92.9 | 90.5 | 117.7 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 24.3 | 28.6 | 43.4 | 26.0 | 28.6 | 29.1 | 31.0 | 30.2 | 43.4 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 16.4 | 16.7 | 16.3 | 16.4 | 15.3 | 14.7 | 14.1 | 16.7 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 80.3 | 87.0 | 94.6 | 84.4 | 87.0 | 87.6 | 89.6 | 91.8 | 94.6 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 44.4 | 51.1 | 58.8 | 49.4 | 51.1 | 52.9 | 54.8 | 56.8 | 58.8 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 35.0 | 35.8 | 34.7 | 34.8 | 35.0 | 35.8 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2543.2 | 3124.4 | 2499.7 | 2849.3 | 3124.4 | 2945.9 | 2435.7 | 2308.9 | 2499.7 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 376.7 | 446.6 | 388.6 | 425.0 | 446.6 | 424.1 | 375.4 | 360.3 | 388.6 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 3916.2 | 4468.3 | 4894.8 | 4300.5 | 4468.3 | 4669.1 | 4862.5 | 4819.9 | 4894.8 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6782.8 | 8058.4 | 6808.5 | 7688.2 | 8058.4 | 7533.5 | 6376.4 | 5820.8 | 6808.5 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8026.7 | 8344.5 | 8927.9 | 8094.3 | 8344.5 | 8481.7 | 8721.9 | 8917.9 | 8927.9 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 414.0 | 450.0 | 506.5 | 450.6 | 450.0 | 454.1 | 466.9 | 482.6 | 506.5 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.4 | 1.5 | 1.6 | 1.4 | 1.5 | 1.9 | 1.7 | 1.7 | 1.6 | 21 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 109.5 | 94.6 | 87.8 | 93.8 | 94.6 | 92.4 | 94.4 | 91.2 | 87.8 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 244.4 | 72.7 | 5.7 | 118.1 | 72.7 | 46.1 | 21.3 | 9.2 | 5.7 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 7257.4 | 7725.6 | 8326.3 | 7430.5 | 7725.6 | 7887.3 | 8137.5 | 8333.3 | 8326.3 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 23369.7 | 24250.5 | 26082.6 | 23901.0 | 24250.5 | 24989.3 | 25839.0 | 26107.1 | 26082.6 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7276.4 | 7490.9 | 7545.4 | 7511.8 | 7490.9 | 7586.3 | 7540.7 | 7548.5 | 7545.4 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 132.2 | 138.2 | 197.5 | 122.4 | 138.2 | 188.7 | 188.1 | 198.8 | 197.5 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 605.6 | 616.4 | 617.4 | 614.2 | 616.4 | 620.4 | 623.7 | 618.0 | 617.4 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 6538.6 | 6736.2 | 6730.5 | 6775.2 | 6736.2 | 6777.1 | 6728.9 | 6731.7 | 6730.5 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 4121.1 | 4513.2 | 5219.9 | 4284.0 | 4513.2 | 4808.2 | 5037.7 | 5103.9 | 5219.9 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1182.8 | 1145.7 | 1500.3 | 1063.8 | 1145.7 | 1291.0 | 1411.4 | 1441.0 | 1500.3 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 2025.7 | 2330.1 | 2511.8 | 2218.7 | 2330.1 | 2444.1 | 2495.8 | 2495.0 | 2511.8 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 912.7 | 1037.4 | 1207.7 | 1001.6 | 1037.4 | 1073.1 | 1130.5 | 1167.9 | 1207.7 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2764.6 | 3216.5 | 3575.5 | 3031.5 | 3216.5 | 3351.6 | 3520.0 | 3509.7 | 3575.5 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 275.4 | 251.5 | 255.0 | 252.8 | 251.5 | 305.0 | 265.9 | 261.8 | 255.0 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 325.1 | 329.8 | 341.1 | 316.7 | 329.8 | 313.3 | 315.6 | 324.1 | 341.1 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8607.1 | 8448.6 | 9145.7 | 8504.2 | 8448.6 | 8624.9 | 9159.1 | 9359.1 | 9145.7 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 77.7 | 74.7 | 71.3 | 75.5 | 74.7 | 74.0 | 73.3 | 72.4 | 71.3 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 118.9 | -76.2 | 623.5 | 31.4 | -76.2 | 151.0 | 542.0 | 703.1 | 623.5 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8410.5 | 8450.2 | 8450.9 | 8397.3 | 8450.2 | 8399.8 | 8543.9 | 8583.6 | 8450.9 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 42498.0 | 51407.9 | 39674.6 | 48151.5 | 51407.9 | 48189.6 | 39460.4 | 37765.1 | 39674.6 | 41 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 8670.3 | 11194.7 | 9011.6 | 10080.8 | 11194.7 | 10610.7 | 8841.9 | 8368.3 | 9011.6 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 6187.3 | 7110.9 | 6098.8 | 6743.9 | 7110.9 | 6828.3 | 6122.3 | 5820.7 | 6098.8 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 6380.7 | 7082.0 | 8040.2 | 6689.1 | 7082.0 | 7580.4 | 7881.2 | 7906.3 | 8040.2 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 96.97 | 100.41 | 75.85 | 100.82 | 100.41 | 90.08 | 77.68 | 73.62 | 75.85 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 29.31 | 30.11 | 32.98 | 28.86 | 30.11 | 31.66 | 32.56 | 32.68 | 32.98 | 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 9, 2023