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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 28235.3 | 27000.8 | 28109.9 | 26765.9 | 26056.8 | 27000.8 | 27734.5 | 28337.6 | 28403.2 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 166.3 | 190.6 | 185.6 | 160.6 | 163.3 | 190.6 | 186.8 | 209.1 | 217.2 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 2049.8 | 2010.3 | 2001 | 1877.6 | 1894 | 2010.3 | 1969.6 | 1937.5 | 2060.6 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 283.7 | 297.1 | 284.6 | 264.4 | 295.6 | 297.1 | 274.9 | 391.7 | 415.4 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 813.1 | 739.5 | 766.5 | 740.1 | 726.5 | 739.5 | 810.1 | 843.6 | 881.5 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 26.7 | 28.5 | 30 | 24.6 | 24.7 | 28.5 | 30.7 | 30.1 | 29.7 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 409.6 | 369.1 | 378 | 400 | 358.2 | 369.1 | 370.1 | 380.8 | 417.3 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 256.3 | 204.8 | 229.1 | 248.3 | 209.2 | 204.8 | 205 | 197.1 | 228.2 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 79.7 | 91.7 | 75.1 | 81.2 | 80.6 | 91.7 | 92.3 | 106.6 | 111.2 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 26.6 | 30.6 | 25 | 27.1 | 26.9 | 30.6 | 30.8 | 35.5 | 37.1 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 27.3 | 23.8 | 25.4 | 24.4 | 23.3 | 23.8 | 24.2 | 24.2 | 23.1 | 11 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 19.8 | 18.3 | 23.3 | 19.1 | 18.2 | 18.3 | 17.8 | 17.4 | 17.7 | 12 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 149 | 184.9 | 157.9 | 177.3 | 180.1 | 184.9 | 194.2 | 199.1 | 203.4 | 13 |
| Nonfinancial corporate business; total mortgages; asset | FL103065005 | 113.2 | 149.1 | 123.2 | 142.3 | 145.1 | 149.1 | 159.5 | 164.2 | 168.4 | 14 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 34.7 | 34.9 | 35 | 35.8 | 34.7 | 34.9 | 35 | 15 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | -29.7 | -59.9 | -63.9 | -39.9 | -65 | -59.9 | -21 | -56.7 | -35.8 | 16 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 3144.9 | 2396 | 2945.7 | 2428.2 | 2268.8 | 2396 | 2530 | 2705.6 | 2572.6 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 7980 | 6693.8 | 7529.7 | 6373.4 | 5868.2 | 6693.8 | 7258.2 | 7479.5 | 7235.6 | 18 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.6 | 1.7 | 1.9 | 1.8 | 1.7 | 1.7 | 2.1 | 1.9 | 1.9 | 19 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 444.4 | 358.5 | 415.1 | 360.7 | 339.7 | 358.5 | 375.3 | 389.8 | 375.2 | 20 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4414.3 | 4595.3 | 4592.4 | 4762.1 | 4664.4 | 4595.3 | 4564.1 | 4575.5 | 4669.1 | 21 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8381.7 | 9195.4 | 8885.3 | 9235 | 9336.9 | 9195.4 | 9189.3 | 9249.9 | 9359.5 | 22 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 450.2 | 483.3 | 453.8 | 465.9 | 481 | 483.3 | 495 | 504.9 | 515.7 | 23 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 150.6 | 144.4 | 147 | 156.4 | 153.6 | 144.4 | 163.9 | 148.5 | 177.6 | 24 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 43.3 | 0 | 16.7 | 2.2 | 0 | 0 | 0 | 0 | 0 | 25 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 7737.5 | 8567.7 | 8267.8 | 8610.5 | 8702.3 | 8567.7 | 8530.4 | 8596.5 | 8666.2 | 26 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 25012.9 | 26729.2 | 25775.6 | 26365.8 | 26611.5 | 26729.2 | 26821.5 | 26968.4 | 27270.4 | 27 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7932.7 | 8013 | 8033.8 | 7998.1 | 8008.9 | 8013 | 8181.1 | 8200.7 | 8219.4 | 28 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 138.2 | 197.6 | 188.7 | 188.1 | 198.8 | 197.6 | 206.2 | 192.7 | 203.1 | 29 |
| Nonfinancial corporate business; municipal securities; liability (1) | FL103162000 | 618 | 618.8 | 622.2 | 625.4 | 619.7 | 618.8 | 618.9 | 621.7 | 618.8 | 30 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 7176.5 | 7196.6 | 7222.8 | 7184.6 | 7190.4 | 7196.6 | 7356 | 7386.3 | 7397.4 | 31 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 4708.4 | 5433.9 | 5014.1 | 5251.8 | 5319.8 | 5433.9 | 5461.8 | 5478.6 | 5487.1 | 32 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1123 | 1475.4 | 1270.9 | 1392.9 | 1417.1 | 1475.4 | 1492.3 | 1488.1 | 1475 | 33 |
| Nonfinancial corporate business; other loans and advances; liability (2) | FL103169005 | 2491.3 | 2692.8 | 2609.1 | 2665.8 | 2670.2 | 2692.8 | 2683.1 | 2693.1 | 2700.5 | 34 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 1094.2 | 1265.7 | 1134.1 | 1193.2 | 1232.5 | 1265.7 | 1286.3 | 1297.4 | 1311.6 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 311.9 | 381.7 | 320.5 | 331.1 | 362.4 | 381.7 | 373.7 | 363.2 | 350.5 | 36 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 3194.4 | 3442.7 | 3281.9 | 3430.6 | 3436.7 | 3442.7 | 3324.7 | 3346.8 | 3465.8 | 37 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 249.8 | 277.5 | 306 | 277.4 | 280.3 | 277.5 | 309 | 268.6 | 274.1 | 38 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8615.7 | 9180.5 | 8819.4 | 9076.7 | 9203.3 | 9180.5 | 9171.2 | 9310.6 | 9473.6 | 39 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 70.9 | 69.5 | 70.3 | 69.8 | 69.6 | 69.5 | 68.3 | 67.1 | 66.7 | 40 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 55.4 | 720 | 280.1 | 657.8 | 806.2 | 720 | 614.3 | 537.3 | 647.9 | 41 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8489.4 | 8390.9 | 8469 | 8349.1 | 8327.6 | 8390.9 | 8488.6 | 8706.2 | 8758.9 | 42 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 53257.4 | 41472.9 | 50602.7 | 41876.4 | 39946.8 | 41472.9 | 44667 | 48266.4 | 46205.4 | 43 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 11258.2 | 9129.8 | 10712.5 | 8974.7 | 8502.1 | 9129.8 | 9824.4 | 10627.1 | 10320.3 | 44 |
| Nonfinancial corporate business; liquid assets (broad measure) (3) | FL104001005 | 7338.5 | 6389.5 | 7006.5 | 6256.2 | 6070.7 | 6389.5 | 6547.5 | 6888.3 | 6969.5 | 45 |
| Nonfinancial corporate business; total short-term liabilities (4) | FL104150005 | 7196.7 | 8085.9 | 7656.7 | 7954.8 | 8003.2 | 8085.9 | 8015.4 | 7989.3 | 8118.5 | 46 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilities | FL104001006 | 102 | 79 | 91.5 | 78.6 | 75.9 | 79 | 81.7 | 86.2 | 85.8 | 47 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (5) | FL104140006 | 29.7 | 32.5 | 31.2 | 32.1 | 32.2 | 32.5 | 32.1 | 32 | 31.9 | 48 |
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: December 7, 2023