Financial Accounts of the United States - Z.1
F.223 Direct Investment Intercompany Debt
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability (1) | FA263192305 | -64 | -41.4 | 35.3 | -147.1 | 21.6 | 150 | -101.9 | 35.6 | 57.6 | 1 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | FA263192313 | 20.6 | -11.3 | 73.9 | -129.9 | 10 | 140.5 | -1.1 | 71.3 | 85 | 2 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | FA263092313 | 84.7 | 30.1 | 38.6 | 17.2 | -11.6 | -9.5 | 100.7 | 35.8 | 27.4 | 3 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -52.7 | -26.6 | 36.8 | -102.5 | 19 | 123.8 | -82.7 | 27.8 | 78.3 | 4 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | FA763092305 | -2.6 | -3.6 | 0.4 | -9.4 | -0.7 | 7 | -4.9 | 3.4 | -3.7 | 5 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | FA513092305 | -2 | -2.5 | -0.4 | -8 | 0.8 | 4.4 | -3.2 | 1 | -3.8 | 6 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.7 | -0.2 | -0.2 | -1.1 | 0.5 | 0.4 | -0.4 | -0 | -0.6 | 7 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | FA613092305 | -2.9 | -4.4 | -0.6 | -13.2 | 0.6 | 7.5 | -5.4 | 1.7 | -6.1 | 8 |
| Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) | FA663092305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Holding companies; U.S. direct investment abroad: intercompany debt (market value) | FA733092305 | -3.2 | -4.1 | -0.8 | -12.9 | 1.5 | 6.9 | -5.3 | 1.6 | -6.4 | 10 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA103192305 | -1.1 | 69.5 | 1.8 | 120.4 | 66.2 | -27.2 | 9.1 | -11.2 | 36.5 | 11 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | FA115114305 | -0.2 | 0.2 | -0.2 | 0.8 | 0.1 | -0.6 | 0 | -0.2 | 0.1 | 12 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA753192305 | -2.4 | -0.2 | 1.1 | 1.7 | 0.4 | -0.6 | 2.3 | 0.1 | 2.7 | 13 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA513192305 | -0.7 | 0.2 | 0.4 | 2 | -0.4 | -1.2 | 1.1 | 0.6 | 1.3 | 14 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -0.8 | -4.7 | 1 | -3.6 | -3.8 | 0.2 | 0.6 | 0.4 | 2.7 | 15 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA613192305 | 0.4 | -0 | -0.5 | 1.1 | -0.9 | -1.7 | -0.4 | -0.1 | 0.3 | 16 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192305 | 1.6 | -1 | 0.3 | -1.3 | 2 | -0.4 | 3 | -1.7 | 0.5 | 17 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA733192305 | 2.9 | -35.4 | 3.6 | -35.2 | -54.7 | 3.2 | 7.5 | 16.4 | -12.6 | 18 |
| Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA503192305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) | FA263092305 | -0.5 | 28.6 | 7.7 | 85.9 | 8.9 | -28.4 | 23.3 | 4.3 | 31.5 | 20 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | FA263092323 | -2.8 | 22.5 | 26.1 | 91 | -16.9 | -9.3 | 50.4 | 5.1 | 58.4 | 21 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | FA263192323 | -2.3 | -6.1 | 18.5 | 5.1 | -25.9 | 19.1 | 27.1 | 0.7 | 26.9 | 22 |
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | FA263192005 | 311.8 | 402.2 | 349 | 276.8 | 460.5 | 425.4 | 218.2 | 369.9 | 382.4 | 23 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) | FA263092001 | 410.8 | 364 | 323.6 | 463.4 | 304.9 | 438.8 | 318.3 | 286.8 | 250.6 | 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: March 7, 2024