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 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 23869.6 | 24993.5 | 27843.7 | 25870.2 | 27260.7 | 25611.7 | 24689.8 | 25870.2 | 26571.2 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 131.0 | 135.0 | 166.3 | 184.1 | 185.6 | 160.6 | 157.7 | 184.1 | 188.3 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1308.3 | 1740.8 | 2007.1 | 2006.1 | 1956.5 | 1839.9 | 1880.7 | 2006.1 | 1975.8 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 201.5 | 278.1 | 283.7 | 283.1 | 284.6 | 262.3 | 283.6 | 283.1 | 263.8 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 589.9 | 712.1 | 813.1 | 739.5 | 766.5 | 740.1 | 726.5 | 739.5 | 810.1 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 13.4 | 37.0 | 26.7 | 24.7 | 30.0 | 24.6 | 21.2 | 24.7 | 26.1 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 326.6 | 364.3 | 389.7 | 352.0 | 354.6 | 381.2 | 341.8 | 352.0 | 356.0 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 217.6 | 250.9 | 256.3 | 208.1 | 229.1 | 248.6 | 212.6 | 208.1 | 211.0 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 63.6 | 72.9 | 79.7 | 90.1 | 75.1 | 81.2 | 79.4 | 90.1 | 90.7 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 21.2 | 24.3 | 26.6 | 30.0 | 25.0 | 27.1 | 26.5 | 30.0 | 30.2 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 16.3 | 27.3 | 23.8 | 25.4 | 24.4 | 23.3 | 23.8 | 24.2 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 72.2 | 80.3 | 89.4 | 101.8 | 91.2 | 94.4 | 97.7 | 101.8 | 104.3 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 36.4 | 44.4 | 53.6 | 66.0 | 56.5 | 59.5 | 62.7 | 66.0 | 69.6 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 35.8 | 34.7 | 34.9 | 35.0 | 35.8 | 34.7 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2317.7 | 2543.2 | 3144.9 | 2376.2 | 2942.9 | 2420.2 | 2255.8 | 2376.2 | 2502.8 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 326.4 | 375.7 | 444.4 | 358.5 | 415.1 | 360.7 | 339.7 | 358.5 | 375.3 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4053.2 | 3916.2 | 4259.3 | 4446.2 | 4437.4 | 4618.4 | 4509.8 | 4446.2 | 4420.8 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 6329.3 | 6782.8 | 8058.4 | 6700.4 | 7562.7 | 6425.2 | 5851.9 | 6700.4 | 7245.9 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8200.1 | 8027.9 | 8160.7 | 8297.7 | 8233.5 | 8284.0 | 8223.5 | 8297.7 | 8302.0 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 392.0 | 414.0 | 450.0 | 485.6 | 454.1 | 466.9 | 482.6 | 485.6 | 496.9 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.3 | 1.4 | 1.5 | 1.6 | 1.9 | 1.7 | 1.7 | 1.6 | 2.0 | 21 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 112.5 | 109.5 | 94.6 | 81.9 | 92.4 | 98.8 | 96.1 | 81.9 | 97.8 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 244.7 | 74.7 | 8.5 | 48.2 | 23.9 | 12.0 | 8.5 | 7.0 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 7694.2 | 7258.4 | 7539.9 | 7720.1 | 7636.9 | 7692.7 | 7631.1 | 7720.1 | 7698.3 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 23644.4 | 23369.7 | 24167.4 | 25681.3 | 24787.0 | 25460.1 | 25581.5 | 25681.3 | 25760.5 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6621.4 | 7275.4 | 7489.4 | 7542.7 | 7585.4 | 7539.4 | 7546.2 | 7542.7 | 7696.6 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 194.5 | 132.2 | 138.2 | 197.6 | 188.7 | 188.1 | 198.8 | 197.6 | 206.0 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 600.6 | 606.0 | 616.8 | 617.7 | 620.9 | 624.1 | 618.5 | 617.7 | 617.8 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5826.3 | 6537.3 | 6734.4 | 6727.4 | 6775.8 | 6727.2 | 6728.9 | 6727.4 | 6872.7 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3608.9 | 3967.8 | 4344.7 | 5031.3 | 4637.0 | 4865.3 | 4927.7 | 5031.3 | 5057.9 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1030.5 | 1180.0 | 1142.9 | 1492.0 | 1288.2 | 1408.4 | 1438.2 | 1492.0 | 1509.5 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1837.6 | 2025.7 | 2330.1 | 2511.6 | 2444.1 | 2495.8 | 2495.5 | 2511.6 | 2502.1 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 740.7 | 762.1 | 871.7 | 1027.6 | 904.7 | 961.1 | 994.1 | 1027.6 | 1046.2 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2920.5 | 2764.6 | 3154.4 | 3400.4 | 3241.9 | 3398.6 | 3388.5 | 3400.4 | 3291.3 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 267.7 | 275.4 | 249.8 | 279.2 | 306.0 | 277.7 | 280.7 | 279.2 | 308.7 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 392.2 | 325.1 | 329.8 | 364.8 | 314.9 | 318.8 | 337.5 | 364.8 | 384.0 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 9833.7 | 8761.5 | 8599.2 | 9063.0 | 8701.6 | 9060.3 | 9100.8 | 9063.0 | 9022.1 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 80.1 | 77.7 | 74.7 | 70.7 | 74.0 | 73.4 | 72.2 | 70.7 | 69.5 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 414.5 | 118.9 | -76.2 | 623.5 | 151.0 | 542.0 | 703.1 | 623.5 | 533.5 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 9339.1 | 8564.8 | 8600.7 | 8368.8 | 8476.6 | 8445.0 | 8325.6 | 8368.8 | 8419.2 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 33680.5 | 42498.0 | 51341.2 | 39851.8 | 48745.4 | 40117.1 | 38425.2 | 39851.8 | 43118.7 | 41 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 7496.1 | 8670.3 | 11194.7 | 9042.0 | 10652.2 | 8910.6 | 8430.0 | 9042.0 | 9751.8 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 5214.8 | 6186.3 | 7275.9 | 6324.2 | 6935.9 | 6189.6 | 6007.0 | 6324.2 | 6498.2 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 6250.9 | 6377.9 | 7015.5 | 7880.8 | 7469.0 | 7768.6 | 7801.7 | 7880.8 | 7817.6 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 83.42 | 97.00 | 103.71 | 80.25 | 92.86 | 79.68 | 77.00 | 80.25 | 83.12 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 29.94 | 29.69 | 30.52 | 33.41 | 32.08 | 32.99 | 33.13 | 33.41 | 33.07 | 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: June 8, 2023