Financial Accounts of the United States - Z.1
L.223 Direct Investment Intercompany Debt
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability (1) | LM263192305 | -36.2 | -72.2 | -77.7 | -48.3 | -78.6 | -72.2 | -25.4 | -68.7 | -38.9 | 1 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | LM263192313 | 723.6 | 731.9 | 740.6 | 753.3 | 728.5 | 731.9 | 763.3 | 764.2 | 807 | 2 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | LM263092313 | 759.9 | 804.2 | 818.3 | 801.6 | 807.1 | 804.2 | 788.7 | 832.9 | 845.9 | 3 |
| 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 | 4 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | LM763092305 | -1.5 | -3 | -3.2 | -1.9 | -3.3 | -3 | -1 | -2.8 | -1.5 | 5 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | LM513092305 | -1.1 | -2.1 | -2.4 | -1.5 | -2.3 | -2.1 | -0.7 | -2 | -0.9 | 6 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | -0.3 | -0.2 | -0.6 | -0.3 | -0.3 | -0.2 | -0.1 | -0.3 | -0.2 | 7 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | LM613092305 | -1.7 | -3.7 | -3.7 | -2.3 | -3.9 | -3.7 | -1.3 | -3.5 | -1.5 | 8 |
| Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) | LM663092305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Holding companies; U.S. direct investment abroad: intercompany debt (market value) | LM733092305 | -1.9 | -3.4 | -4 | -2.4 | -3.8 | -3.4 | -1.2 | -3.4 | 1 | 10 |
| 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 | 11 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | LM115114305 | 5.3 | 5.5 | 5.4 | 5.3 | 5.5 | 5.5 | 5.4 | 5.2 | 5 | 12 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM753192305 | 17.1 | 16.9 | 16.6 | 16.2 | 16.7 | 16.9 | 16.6 | 16.5 | 16.8 | 13 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM513192305 | 10.3 | 10.5 | 10.2 | 10 | 10.5 | 10.5 | 10.2 | 10.2 | 9.9 | 14 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 11.4 | 6.6 | 10.1 | 8.4 | 7.5 | 6.6 | 6.6 | 6.6 | 7.7 | 15 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM613192305 | 7.3 | 7.3 | 7.3 | 7.1 | 7.4 | 7.3 | 6.9 | 6.6 | 6.4 | 16 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | LM663192305 | 15.6 | 14.5 | 15.2 | 14.2 | 13.9 | 14.5 | 14.3 | 14.5 | 14.5 | 17 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM733192305 | 105.8 | 70.2 | 101.7 | 91.7 | 83.2 | 70.2 | 70.7 | 71.2 | 76.5 | 18 |
| Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM503192305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) | LM263092305 | 484.6 | 513.2 | 487 | 483.9 | 507.2 | 513.2 | 504.2 | 494 | 487.2 | 20 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | LM263092323 | 959.7 | 981.2 | 961.2 | 962 | 983.1 | 981.2 | 974 | 976 | 975.6 | 21 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | LM263192323 | 475.1 | 468.1 | 474.2 | 478.1 | 475.9 | 468.1 | 469.8 | 482 | 488.4 | 22 |
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | LM263192005 | 9690.6 | 8004.8 | 9079.6 | 7673.7 | 7018.4 | 8004.8 | 8747.6 | 8989.7 | 8751.9 | 23 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) | LM263092001 | 13647.7 | 10990.5 | 12941.4 | 10851.9 | 10287.4 | 10990.5 | 11762.9 | 12686.8 | 12319.6 | 24 |
NOTES
- Direct investment is presented on a directional basis and reported at market value.
- Memo totals are the sum of direct investment equity (tables F.225.a and L.225.a) and intercompany debt (tables F.223 and L.223).
Last Update: December 7, 2023