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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 24970.8 | 27993 | 26755.2 | 27863.7 | 26508.6 | 25799.4 | 26755.2 | 27489.7 | 28029.7 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 135 | 166.3 | 183.4 | 185.6 | 160.6 | 157.7 | 183.4 | 179.4 | 192.5 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1740.9 | 2007.1 | 2003.2 | 1956.5 | 1840 | 1877.7 | 2003.2 | 1966.7 | 1964.4 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 278.1 | 283.7 | 285 | 284.6 | 264.4 | 285.7 | 285 | 263.2 | 367 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 712.1 | 813.1 | 739.5 | 766.5 | 740.1 | 726.5 | 739.5 | 810.1 | 843.6 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 37 | 26.7 | 24.7 | 30 | 24.6 | 21.2 | 24.7 | 26.2 | 24.8 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 364.3 | 389.7 | 350.7 | 354.6 | 380.9 | 339.9 | 350.7 | 354.7 | 369.3 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 250.9 | 256.3 | 206.8 | 229.1 | 248.3 | 210.7 | 206.8 | 209.6 | 205.9 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 72.9 | 79.7 | 90.1 | 75.1 | 81.2 | 79.4 | 90.1 | 90.7 | 104.4 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 24.3 | 26.6 | 30 | 25 | 27.1 | 26.5 | 30 | 30.2 | 34.8 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 27.3 | 23.8 | 25.4 | 24.4 | 23.3 | 23.8 | 24.2 | 24.2 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 80.3 | 89.4 | 101.8 | 91.2 | 94.4 | 97.7 | 101.8 | 104.3 | 108.2 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 44.4 | 53.6 | 66 | 56.5 | 59.5 | 62.7 | 66 | 69.6 | 73.3 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 34.7 | 34.9 | 35 | 35.8 | 34.7 | 34.9 | 14 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | 33.6 | -29.7 | -59.9 | -63.9 | -39.9 | -65 | -59.9 | -53.1 | -57.2 | 15 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2543.2 | 3144.9 | 2396.5 | 2949.4 | 2430.5 | 2270.1 | 2396.5 | 2529.6 | 2704.4 | 16 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 6763.2 | 7980 | 6693.8 | 7529.7 | 6373.4 | 5868.2 | 6693.8 | 7260.1 | 7435.3 | 17 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.4 | 1.5 | 1.6 | 1.9 | 1.7 | 1.7 | 1.6 | 2 | 1.9 | 18 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 375.7 | 444.4 | 358.5 | 415.1 | 360.7 | 339.7 | 358.5 | 375.3 | 389.7 | 19 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 3916.2 | 4414.3 | 4589.6 | 4592.4 | 4762.1 | 4651.6 | 4589.6 | 4556.6 | 4576.6 | 20 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 7989.9 | 8261.6 | 9086.9 | 8770.1 | 9115 | 9226.8 | 9086.9 | 9114.6 | 9109.2 | 21 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 414 | 450 | 485.6 | 454.1 | 466.9 | 482.6 | 485.6 | 496.9 | 506.5 | 22 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 109.5 | 150.6 | 144.4 | 147 | 156.4 | 153.6 | 144.4 | 163.9 | 148.5 | 23 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 244.6 | 74.4 | 8.1 | 47.9 | 23.5 | 11.6 | 8.1 | 6.6 | 6 | 24 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 7221.8 | 7586.6 | 8448.8 | 8121 | 8468.2 | 8579 | 8448.8 | 8447.2 | 8448.2 | 25 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 23367.3 | 24142 | 25718.9 | 24872.7 | 25414.3 | 25644.8 | 25718.9 | 25803 | 25927.6 | 26 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7279.8 | 7497.8 | 7552.7 | 7595.5 | 7549.5 | 7557.8 | 7552.7 | 7707.2 | 7719.6 | 27 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 132.2 | 138.2 | 197.6 | 188.7 | 188.1 | 198.8 | 197.6 | 206.2 | 192.2 | 28 |
| Nonfinancial corporate business; municipal securities; liability (1) | FL103162000 | 606.8 | 617.9 | 618.9 | 622.2 | 625.4 | 619.7 | 618.9 | 619 | 621.9 | 29 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163003 | 6540.9 | 6741.6 | 6736.2 | 6784.6 | 6736 | 6739.2 | 6736.2 | 6882 | 6905.6 | 30 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3967.7 | 4517.6 | 5228.4 | 4815.5 | 5049.7 | 5113.1 | 5228.4 | 5261.8 | 5283.1 | 31 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1180 | 1142.9 | 1494 | 1288.2 | 1408.4 | 1438.1 | 1494 | 1515.5 | 1510.7 | 32 |
| Nonfinancial corporate business; other loans and advances; liability (2) | FL103169005 | 2025.7 | 2491 | 2692.3 | 2608.7 | 2665.4 | 2668 | 2692.3 | 2682.6 | 2692.5 | 33 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 762 | 883.6 | 1042.1 | 918.6 | 975.9 | 1007 | 1042.1 | 1063.6 | 1079.9 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 321.1 | 311.9 | 381.7 | 320.5 | 331.1 | 362.4 | 381.7 | 360.9 | 373.3 | 35 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2764.6 | 3194.4 | 3428.1 | 3281.9 | 3430.6 | 3418.8 | 3428.1 | 3321.5 | 3344.2 | 36 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 275.4 | 249.8 | 277.6 | 306 | 277.4 | 280.2 | 277.6 | 309.3 | 268.9 | 37 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8758.6 | 8370.6 | 8850.4 | 8553.3 | 8775.9 | 8912.4 | 8850.4 | 8842.3 | 8938.5 | 38 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 77.4 | 70.9 | 70.5 | 70.6 | 70.6 | 70.5 | 70.5 | 68.6 | 68 | 39 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 118.9 | 44 | 605.8 | 243.3 | 590.8 | 715.8 | 605.8 | 484.9 | 392.8 | 40 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8562.3 | 8255.7 | 8174.1 | 8239.4 | 8114.6 | 8126 | 8174.1 | 8288.8 | 8477.7 | 41 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 42497.6 | 51341.2 | 39850 | 48744 | 40117.2 | 38424.4 | 39850 | 43093.7 | 46837.7 | 42 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 8718.2 | 11258.2 | 9129.8 | 10712.5 | 8974.7 | 8502.1 | 9129.8 | 9822.5 | 10744.3 | 43 |
| Nonfinancial corporate business; liquid assets (broad measure) (3) | FL104001005 | 6186.3 | 7275.9 | 6341.4 | 6942.3 | 6201.7 | 6018.4 | 6341.4 | 6505.3 | 6855.8 | 44 |
| Nonfinancial corporate business; total short-term liabilities (4) | FL104150005 | 6377.9 | 7216.4 | 8089.5 | 7673.6 | 7969.9 | 8004 | 8089.5 | 8035.1 | 8008.6 | 45 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilities | FL104001006 | 97 | 100.8 | 78.4 | 90.5 | 77.8 | 75.2 | 78.4 | 81 | 85.6 | 46 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (5) | FL104140006 | 29.7 | 31.4 | 34.3 | 32.9 | 33.8 | 34 | 34.3 | 34 | 33.8 | 47 |
NOTES
- 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 16 and 19.
- Sum of lines 28, 32, 33, 36, and 37. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
- Short-term debt is the sum of lines 28, 32, and 33. Total debt is the sum of lines 27 and 31.
Last Update: September 11, 2023