Financial Accounts of the United States - Z.1
F.102 Nonfinancial Business (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial business; income before taxes | FA146110005 | 4172.7 | 4453.4 | 4357.9 | 4599.7 | 4479 | 4377 | 4428.5 | 4477 | 4614.1 | 1 |
| Nonfinancial business; gross saving less net capital transfers paid | FA146000105 | 2875.3 | 3111.4 | 2765.9 | 2999.5 | 3370.1 | 3310.2 | 3299.4 | 3396 | 3527.7 | 2 |
| Nonfinancial business; gross investment | FA145090005 | 2698.6 | 3500.7 | 4204.9 | 4191.5 | 3361.9 | 2244.7 | 2504 | 3159.6 | 4443.1 | 3 |
| Nonfinancial business; total capital expenditures | FA145050005 | 2722.6 | 3278.5 | 3462.6 | 3140.3 | 3240.8 | 3270.2 | 3191.1 | 3235.6 | 3361.7 | 4 |
| Nonfinancial business; gross fixed investment | FA145019005 | 2705.1 | 3016.4 | 2892.5 | 3006.1 | 3071.3 | 3095.6 | 3171.1 | 3220.8 | 3251.3 | 5 |
| Nonfinancial business; gross fixed investment, residential equipment and structures | FA145012005 | 188.6 | 195.6 | 202.6 | 203 | 194.1 | 182.6 | 172 | 170.5 | 182.2 | 6 |
| Nonfinancial business; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA145013005 | 2516.5 | 2820.8 | 2689.9 | 2803.1 | 2877.3 | 2913 | 2999.1 | 3050.3 | 3069 | 7 |
| Nonfinancial business; inventories | FA145020005 | 11.7 | 157.3 | 249 | 120.2 | 82.3 | 177.7 | 23.7 | 18.6 | 110.7 | 8 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | 5.8 | 104.8 | 321.1 | 14 | 87.2 | -3.1 | -3.7 | -3.8 | -0.2 | 9 |
| Nonfinancial business; net lending (+) or borrowing (-) (financial account) | FA145000005 | -24 | 222.3 | 742.3 | 1051.3 | 121.1 | -1025.5 | -687.1 | -76 | 1081.4 | 10 |
| Nonfinancial business; total financial assets | FA144090005 | 2037.6 | 1520.7 | 3237.3 | 1986 | 637.8 | 221.5 | 535.3 | 1076 | 2139.7 | 11 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | 31.3 | 24.4 | 77.2 | -100.1 | 10.8 | 109.5 | -15.4 | 89.2 | 32.2 | 12 |
| Nonfinancial business; checkable deposits and currency; asset | FA143020005 | 343 | 3 | 211.9 | -596.8 | -164.4 | 561.3 | 118.3 | -276.6 | 298.1 | 13 |
| Nonfinancial business; total time and savings deposits; asset | FA143030005 | 101 | 84.7 | 178 | -82.5 | 121.6 | 121.6 | 19.6 | 513.4 | 109.9 | 14 |
| Nonfinancial business; money market fund shares; asset | FA143034005 | 103.3 | -67.2 | -133 | -74.9 | -76.8 | 15.8 | 334 | 158.4 | 124.4 | 15 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -10.3 | 1.7 | 12.9 | -21.5 | 0.3 | 15.3 | 8.9 | -2.5 | -1.4 | 16 |
| Nonfinancial business; debt securities; asset | FA144022005 | 40.2 | -5.7 | -62.1 | 129.5 | -121.4 | 31.4 | 4.7 | 52 | 181.8 | 17 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | 5.4 | -51.5 | -88 | 70.4 | -161.6 | -26.8 | 24.6 | -40.8 | 120.1 | 18 |
| Nonfinancial business; Treasury securities; asset | FA143061105 | 12.9 | 35.9 | 4.5 | 57.1 | 35.5 | 46.6 | -14.6 | 72.7 | 48.9 | 19 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | 2.9 | 6.7 | -1.1 | 10.4 | 3 | 14.3 | -1.2 | 20.4 | 7.9 | 20 |
| Nonfinancial business; municipal securities; asset | FA143062005 | 11.3 | 0.7 | 1.9 | 1.3 | 0.8 | -1.2 | -0.3 | 0.8 | 1.1 | 21 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | FA123063003 | 7.7 | 2.6 | 20.7 | -9.6 | 0.8 | -1.5 | -3.8 | -1.1 | 3.7 | 22 |
| Nonfinancial business; loans; asset | FA144023005 | 12.6 | 25 | 46 | -69.4 | 40 | 83.4 | 41.9 | -72.3 | 40.7 | 23 |
| Nonfinancial business; total mortgages; asset | FA143065005 | 12.7 | 25 | 44.5 | 22.5 | 13.8 | 19.3 | 42.9 | 20.4 | 17.4 | 24 |
| Nonfinancial business; consumer credit; asset | FA143066005 | -0 | -0 | 1.5 | -91.9 | 26.2 | 64.1 | -1 | -92.7 | 23.3 | 25 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -52.7 | -26.6 | -132.5 | 109.6 | -102.5 | 19 | 123.7 | -54.8 | 81.9 | 26 |
| Nonfinancial corporate business; corporate equities; asset | FA103064103 | -101.4 | -137.3 | -158.1 | -132.1 | -125.1 | -134 | -137.3 | -137.3 | -137.3 | 27 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 293.1 | 357.7 | 445.2 | 295.4 | 324.6 | 365.7 | 167.4 | 208.5 | 119.8 | 28 |
| Nonfinancial business; equity in government-sponsored enterprises (GSEs); asset | FA143092405 | 1.4 | 1 | 1.6 | -0.4 | 3.3 | -0.5 | 8.8 | 2.1 | 0.9 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | 22 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | -4.4 | 30 |
| Nonfinancial business; trade receivables; asset | FA143070005 | 578.1 | 231.9 | 725.7 | 821.2 | -371.5 | -247.8 | -149.7 | 191.7 | 363.7 | 31 |
| Nonfinancial business; total miscellaneous assets | FA143090005 | 675.9 | 1032.5 | 2028.8 | 1712.5 | 1103.4 | -714.8 | 14.7 | 408.5 | 929.6 | 32 |
| Nonfinancial business; total liabilities and equity | FA144194005 | 2061.6 | 1298.4 | 2494.9 | 934.8 | 516.8 | 1247 | 1222.4 | 1152 | 1058.3 | 33 |
| Nonfinancial business; total liabilities | FA144190005 | 1970.7 | 1644.2 | 2848 | 1535.3 | 796.1 | 1397.4 | 1222.7 | 1226.5 | 1012.7 | 34 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 252.6 | 80.3 | 187.8 | -2.6 | 181.2 | -45.4 | 562.1 | 142.5 | 93.8 | 35 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | 6 | 59.3 | -19.9 | 140.2 | 169 | -52.1 | -82.2 | 10.8 | 49.1 | 36 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 11.3 | 0.8 | 22.2 | 10.2 | -10.9 | -18.3 | 6.8 | 10.4 | 0.2 | 37 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163005 | 235.3 | 20.2 | 185.5 | -153 | 23.1 | 25 | 637.4 | 121.4 | 44.5 | 38 |
| Nonfinancial business; loans; liability | FA144123005 | 659.5 | 1057.6 | 1358.6 | 1436.1 | 664.8 | 770.8 | 391.1 | 245 | 228.8 | 39 |
| Nonfinancial business; depository institution loans n.e.c.; liability | FA143168005 | -113.6 | 344 | 329.1 | 611.3 | 157.8 | 277.9 | 121.4 | -10.7 | -113.2 | 40 |
| Nonfinancial business; other loans and advances; liability | FA143169005 | 355 | 244.6 | 515.8 | 275.3 | 82 | 105.4 | -76.7 | 18.7 | 110.2 | 41 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 418.1 | 468.9 | 513.6 | 549.5 | 425.1 | 387.5 | 346.4 | 236.9 | 231.7 | 42 |
| Nonfinancial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA143192305 | -1.3 | 69.7 | 43 | 48.5 | 121.1 | 66.3 | -27.2 | -0.4 | -51.3 | 43 |
| Nonfinancial business; trade payables; liability | FA143170005 | 498.1 | 291.2 | 580 | 561.8 | -98.6 | 121.8 | -286.1 | 44 | 318.9 | 44 |
| Nonfinancial business; taxes payable; liability | FA143178005 | 6.8 | 39.1 | 186.2 | -50 | 11.4 | 8.7 | 83.8 | -100.7 | 16.4 | 45 |
| Nonfinancial business; total miscellaneous liabilities | FA143190005 | 555 | 106.3 | 492.4 | -458.5 | -83.9 | 475.2 | 498.9 | 896.1 | 406.3 | 46 |
| Nonfinancial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA143181105 | 90.9 | -345.8 | -353.1 | -600.6 | -279.3 | -150.4 | -0.3 | -74.5 | 45.6 | 47 |
| Nonfinancial corporate business; corporate equities; liability | FA103164105 | -166.3 | -515.7 | -531.8 | -732.4 | -527.2 | -271.6 | -385.9 | -356.9 | -378.6 | 48 |
| Nonfinancial business; foreign direct investment in U.S.; liability (market value) | FA143192105 | 386.7 | 265.1 | 266.8 | 292.4 | 293.9 | 207.4 | 445.7 | 248.2 | 396 | 49 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business | FA112090205 | -129.5 | -95.2 | -88.1 | -160.6 | -45.9 | -86.2 | -60.1 | 34.2 | 28.2 | 50 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | 176.7 | -389.3 | -1439 | -1192 | 8.2 | 1065.5 | 795.4 | 236.4 | -915.4 | 51 |
NOTES
- Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
Last Update: December 7, 2023