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 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 28235.3 | 27001.3 | 29531.7 | 26057.3 | 27001.3 | 27733.3 | 28324.6 | 28202.5 | 29531.7 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 166.3 | 190.6 | 212.4 | 163.3 | 190.6 | 186.8 | 209.1 | 217.2 | 212.4 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 2049.8 | 2010.3 | 1998.4 | 1894 | 2010.3 | 1969.7 | 1937.6 | 2060.7 | 1998.4 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 283.7 | 297.1 | 396.1 | 295.6 | 297.1 | 274.9 | 391.7 | 415.4 | 396.1 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 813.1 | 739.5 | 915.5 | 726.5 | 739.5 | 810.1 | 843.6 | 881.5 | 915.5 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 26.7 | 28.5 | 29.1 | 24.7 | 28.5 | 30.7 | 30.1 | 29.7 | 29.1 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 409.6 | 369.1 | 446.1 | 358.2 | 369.1 | 370.1 | 380.8 | 417.3 | 446.1 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 256.3 | 204.8 | 233.3 | 209.2 | 204.8 | 205 | 197.1 | 228.2 | 233.3 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 79.7 | 91.7 | 132 | 80.6 | 91.7 | 92.3 | 106.6 | 111.2 | 132 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 26.6 | 30.6 | 38.3 | 26.9 | 30.6 | 30.8 | 35.5 | 37.1 | 38.3 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 27.3 | 23.8 | 24.6 | 23.3 | 23.8 | 24.2 | 24.2 | 23.1 | 24.6 | 11 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 19.8 | 18.3 | 18 | 18.2 | 18.3 | 17.9 | 17.4 | 17.7 | 18 | 12 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 149 | 184.9 | 206.3 | 180.1 | 184.9 | 194.3 | 199.2 | 203.6 | 206.3 | 13 |
| Nonfinancial corporate business; total mortgages; asset | FL103065005 | 113.2 | 149.1 | 170.5 | 145.1 | 149.1 | 159.6 | 164.3 | 168.6 | 170.5 | 14 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 35 | 35.8 | 34.7 | 34.9 | 35 | 35.8 | 15 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | -29.7 | -59.9 | -40.1 | -65 | -59.9 | -21 | -63.3 | -59.2 | -40.1 | 16 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 3144.9 | 2397.6 | 2830.7 | 2270.1 | 2397.6 | 2532.1 | 2708.2 | 2575.4 | 2830.7 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 7980 | 6693.8 | 7779.9 | 5868.2 | 6693.8 | 7245.2 | 7445.2 | 7049.2 | 7779.9 | 18 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.6 | 1.7 | 1.9 | 1.7 | 1.7 | 2.1 | 1.9 | 1.9 | 1.9 | 19 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 444.4 | 358.5 | 407.2 | 339.7 | 358.5 | 375.3 | 389.8 | 375.2 | 407.2 | 20 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4414.3 | 4595.3 | 4796.9 | 4664.4 | 4595.3 | 4564.1 | 4575.5 | 4669.1 | 4796.9 | 21 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8381.7 | 9194.2 | 9551.2 | 9336 | 9194.2 | 9198.8 | 9275 | 9365.5 | 9551.2 | 22 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 450.2 | 483.3 | 528.4 | 481 | 483.3 | 495 | 505 | 515.8 | 528.4 | 23 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 150.6 | 144.4 | 151.5 | 153.6 | 144.4 | 163.9 | 148.5 | 177.6 | 151.5 | 24 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 43.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 7737.5 | 8566.5 | 8871.3 | 8701.4 | 8566.5 | 8539.9 | 8621.6 | 8672.2 | 8871.3 | 26 |
| Nonfinancial corporate business; total liabilities and equity | FL104194005 | 89773.2 | 77478.4 | 90402.4 | 75232.9 | 77478.4 | 81506.3 | 85979.3 | 83793.7 | 90402.4 | 27 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 25012.2 | 26730.8 | 27320.3 | 26613.1 | 26730.8 | 26824.7 | 26977.1 | 27287.2 | 27320.3 | 28 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7933 | 8011.9 | 8248.5 | 8007.9 | 8011.9 | 8179.8 | 8198.7 | 8217.4 | 8248.5 | 29 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 138.2 | 197.6 | 217.8 | 198.8 | 197.6 | 206.2 | 192.7 | 203.2 | 217.8 | 30 |
| Nonfinancial corporate business; municipal securities; liability (1) | FL103162000 | 618.3 | 619 | 617.6 | 620 | 619 | 619.2 | 621.9 | 618.8 | 617.6 | 31 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 7176.4 | 7195.3 | 7413.1 | 7189.2 | 7195.3 | 7354.4 | 7384.1 | 7395.4 | 7413.1 | 32 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 4703.2 | 5427.5 | 5388.4 | 5314.6 | 5427.5 | 5453.7 | 5469.4 | 5471.7 | 5388.4 | 33 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1123 | 1474.9 | 1484 | 1417.1 | 1474.9 | 1492.3 | 1488.6 | 1475.8 | 1484 | 34 |
| Nonfinancial corporate business; other loans and advances; liability (2) | FL103169005 | 2491.3 | 2693.5 | 2587.1 | 2671 | 2693.5 | 2683.9 | 2693.9 | 2694.5 | 2587.1 | 35 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 1088.9 | 1259 | 1317.2 | 1226.5 | 1259 | 1277.6 | 1286.9 | 1301.4 | 1317.2 | 36 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 311.9 | 381.7 | 375.8 | 362.4 | 381.7 | 373.5 | 368 | 371.2 | 375.8 | 37 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 3194.4 | 3442.7 | 3555 | 3436.7 | 3442.7 | 3324.7 | 3346.8 | 3465.8 | 3555 | 38 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 249.8 | 277.5 | 271.3 | 280.3 | 277.5 | 309 | 268.6 | 274.1 | 271.3 | 39 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8620 | 9189.7 | 9481.4 | 9211.1 | 9189.7 | 9184 | 9325.7 | 9487.1 | 9481.4 | 40 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 70.9 | 68.9 | 66 | 69.1 | 68.9 | 67.8 | 66.9 | 66.5 | 66 | 41 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 53.4 | 720.1 | 458 | 806.4 | 720.1 | 616.3 | 541.8 | 654.8 | 458 | 42 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 8495.6 | 8400.7 | 8957.3 | 8335.6 | 8400.7 | 8499.9 | 8717.1 | 8765.8 | 8957.3 | 43 |
| Nonfinancial corporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | LM103181105 | 64761 | 50747.6 | 63082 | 48619.8 | 50747.6 | 54681.6 | 59002.2 | 56506.5 | 63082 | 44 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 53502.8 | 41617.8 | 51547.2 | 40117.7 | 41617.8 | 44861.8 | 48382.9 | 46278.8 | 51547.2 | 45 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 11258.2 | 9129.8 | 11534.9 | 8502.1 | 9129.8 | 9819.8 | 10619.3 | 10227.6 | 11534.9 | 46 |
| Nonfinancial corporate business; liquid assets (broad measure) (3) | FL104001005 | 7338.5 | 6391.2 | 7235.5 | 6072 | 6391.2 | 6549.7 | 6891.1 | 6972.4 | 7235.5 | 47 |
| Nonfinancial corporate business; total short-term liabilities (4) | FL104150005 | 7196.7 | 8086.1 | 8115.2 | 8004 | 8086.1 | 8016.1 | 7990.5 | 8113.3 | 8115.2 | 48 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilities | FL104001006 | 102 | 79 | 89.2 | 75.9 | 79 | 81.7 | 86.2 | 85.9 | 89.2 | 49 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (5) | FL104140006 | 29.7 | 32.5 | 31.5 | 32.2 | 32.5 | 32.1 | 32 | 31.9 | 31.5 | 50 |
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 17 and 20.
- Sum of lines 30, 34, 35, 38, and 39. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
- Short-term debt is the sum of lines 30, 34, and 35. Total debt is the sum of lines 29 and 33.
Last Update: March 7, 2024