Financial Accounts of the United States - Z.1
B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total assets | FL102000005 | 51025.4 | 57579.3 | 59077.8 | 60669.5 | 59972.8 | 61039.9 | 60668.9 | 60669.5 | 61689.1 | 1 |
| Nonfinancial corporate business; nonfinancial assets | LM102010005 | 25815.2 | 29343.3 | 30554.6 | 30012 | 30705.5 | 31176.7 | 30978 | 30012 | 30142.9 | 2 |
| Nonfinancial corporate business; real estate at market value | LM105035005 | 14631.3 | 16995.8 | 17093.4 | 15956.8 | 17017.6 | 17433.3 | 17061.2 | 15956.8 | 15889.7 | 3 |
| Nonfinancial corporate business; equipment, current cost basis | LM105015205 | 5403.7 | 5827.3 | 6282.6 | 6540.9 | 6429.5 | 6437.5 | 6497.1 | 6540.9 | 6626.5 | 4 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis | LM105013765 | 3107 | 3359.4 | 3686.9 | 4043.8 | 3784.3 | 3871.5 | 3950.9 | 4043.8 | 4120.1 | 5 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis | LM105020015 | 2673.1 | 3160.8 | 3491.6 | 3470.5 | 3474.1 | 3434.4 | 3468.8 | 3470.5 | 3506.6 | 6 |
| Nonfinancial corporate business; total financial assets | FL104090005 | 25210.2 | 28236 | 28523.2 | 30657.5 | 29267.4 | 29863.2 | 29691 | 30657.5 | 31546.2 | 7 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 135 | 166.3 | 201 | 236.5 | 197.5 | 224.3 | 233 | 236.5 | 254.2 | 8 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 1785.5 | 2049.8 | 1995.3 | 2036.8 | 1953.3 | 1910.6 | 2066.2 | 2036.8 | 2126.2 | 9 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 278.1 | 283.7 | 301 | 411.4 | 282.4 | 398.9 | 422.5 | 411.4 | 414.4 | 10 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 711.2 | 811.5 | 738 | 894.8 | 805.3 | 834.8 | 867.4 | 894.8 | 905.2 | 11 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 37 | 26.7 | 30.1 | 29.1 | 32.6 | 32.4 | 32.1 | 29.1 | 28.7 | 12 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 377.2 | 409.6 | 382.2 | 384.4 | 383.5 | 394.2 | 434.2 | 384.4 | 385.6 | 13 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 250.9 | 256.3 | 216.9 | 202.8 | 216.9 | 210.1 | 244.7 | 202.8 | 196.1 | 14 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 72.9 | 79.7 | 89 | 101.8 | 89.9 | 103.4 | 108.2 | 101.8 | 108.2 | 15 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 24.3 | 26.6 | 29.7 | 33.9 | 30 | 34.5 | 36.1 | 33.9 | 36.1 | 16 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 27.3 | 28.2 | 29.2 | 28.7 | 28.7 | 27.4 | 29.2 | 28.9 | 17 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 12.9 | 19.8 | 18.5 | 16.7 | 18 | 17.5 | 17.8 | 16.7 | 16.2 | 18 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 117.6 | 149 | 154.4 | 162.5 | 159.7 | 160.4 | 160.4 | 162.5 | 160.9 | 19 |
| Nonfinancial corporate business; total mortgages; asset | FL103065005 | 81.8 | 113.2 | 118.6 | 126.8 | 125 | 125.4 | 125.3 | 126.8 | 126.2 | 20 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 35.8 | 34.7 | 35 | 35.1 | 35.8 | 34.7 | 21 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | 33.6 | -29.7 | -59.9 | -59.2 | -21 | -63.6 | -44.8 | -59.2 | -39.1 | 22 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2543.2 | 3144.9 | 2397.6 | 3064.7 | 2601.1 | 2831.1 | 2741.5 | 3064.7 | 3390.1 | 23 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 6763.2 | 7980 | 6693.8 | 7863.4 | 7259.5 | 7474.6 | 7106.6 | 7863.4 | 8383.3 | 24 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.4 | 1.6 | 1.7 | 1.9 | 2.1 | 1.9 | 1.9 | 1.9 | 2 | 25 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 375.7 | 444.4 | 358.5 | 407.4 | 375.3 | 389.8 | 375.2 | 407.4 | 431.6 | 26 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 3916.2 | 4414.3 | 4876.8 | 4893.4 | 4847.3 | 4864.1 | 4947.1 | 4893.4 | 4846.5 | 27 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8135.3 | 8384 | 10452.7 | 10330.4 | 10388.9 | 10409.6 | 10347.6 | 10330.4 | 10256.6 | 28 |
| Nonfinancial corporate business; total liabilities and equity | FL104194005 | 76807 | 89824.6 | 79399.4 | 91738.1 | 83788.2 | 88227.3 | 86160.8 | 91738.1 | 97769.7 | 29 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 24168 | 25012.9 | 28604.7 | 29132.9 | 28712.5 | 28873.5 | 29212.3 | 29132.9 | 29435.6 | 30 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7682.7 | 7931.2 | 8009.4 | 8238.6 | 8176.2 | 8195.4 | 8213.7 | 8238.6 | 8369.5 | 31 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 132.2 | 138.2 | 197.6 | 218 | 206.2 | 192.7 | 203.2 | 218 | 232.2 | 32 |
| Nonfinancial corporate business; municipal securities; liability (1) | FL103162000 | 607.1 | 618.6 | 619.4 | 618 | 619.6 | 622.3 | 619.2 | 618 | 622.9 | 33 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 6943.4 | 7174.3 | 7192.5 | 7402.7 | 7350.4 | 7380.4 | 7391.4 | 7402.7 | 7514.4 | 34 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 4220.4 | 4702.9 | 5330.1 | 5348.2 | 5352 | 5350 | 5347.7 | 5348.2 | 5379.7 | 35 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1207.5 | 1122.8 | 1474.7 | 1482.6 | 1491.4 | 1485.4 | 1472.6 | 1482.6 | 1492.5 | 36 |
| Nonfinancial corporate business; other loans and advances; liability | FL103169005 | 2025.9 | 2491.3 | 2608.4 | 2586.5 | 2600.6 | 2604.1 | 2606.8 | 2586.5 | 2607.1 | 37 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 987 | 1088.9 | 1247.1 | 1279.1 | 1259.9 | 1260.5 | 1268.3 | 1279.1 | 1280.1 | 38 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 321.1 | 311.9 | 381.7 | 366 | 373.5 | 368 | 372.3 | 366 | 368.3 | 39 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2764.6 | 3194.4 | 3595.3 | 3559 | 3476.6 | 3492.3 | 3615 | 3559 | 3503.3 | 40 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 275.4 | 249.8 | 265.6 | 235.7 | 298.8 | 246.7 | 249.9 | 235.7 | 262 | 41 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8903.9 | 8622.7 | 11022.7 | 11385.5 | 11035.4 | 11221.1 | 11413.6 | 11385.5 | 11552.9 | 42 |
| Nonfinancial corporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | LM103181105 | 52639 | 64811.7 | 50794.7 | 62605.2 | 55075.8 | 59353.8 | 56948.5 | 62605.2 | 68334.1 | 43 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 43920.8 | 53553.5 | 41664.9 | 51282.7 | 45255.7 | 48733.7 | 46733.4 | 51282.7 | 55812.8 | 44 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 8718.2 | 11258.2 | 9129.8 | 11322.5 | 9820.1 | 10620 | 10215.1 | 11322.5 | 12521.3 | 45 |
| Nonfinancial corporate business; net worth | FL102090005 | 26857.3 | 32566.4 | 30473.1 | 31536.6 | 31260.4 | 32166.4 | 31456.7 | 31536.6 | 32253.5 | 46 |
| Nonfinancial corporate business; corporate equities as a percentage of net worth (2) | FL103164106 | 196 | 199 | 166.7 | 198.5 | 176.2 | 184.5 | 181 | 198.5 | 211.9 | 47 |
| Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (2) | FL104104016 | 22.6 | 19.5 | 26.3 | 21.7 | 24.6 | 22.8 | 23.8 | 21.7 | 20.1 | 48 |
| Nonfinancial corporate business; debt as a percentage of net worth (market value) (2) | FL104104006 | 44.3 | 38.8 | 43.8 | 43.1 | 43.3 | 42.1 | 43.1 | 43.1 | 42.6 | 49 |
| Nonfinancial corporate business; total assets at historical cost | FL102000115 | 42121.9 | 46030.6 | 47492.5 | 50304.9 | 48505.6 | 49229.8 | 49265 | 50304.9 | 51335.4 | 50 |
| Nonfinancial corporate business; nonfinancial assets at historical cost | FL102010115 | 16911.7 | 17794.6 | 18969.3 | 19647.3 | 19238.3 | 19366.6 | 19574 | 19647.3 | 19789.2 | 51 |
| Nonfinancial corporate business; real estate, historical cost basis | FL105035045 | 6754.4 | 6973.5 | 7259.4 | 7623.9 | 7345.3 | 7424.5 | 7534.1 | 7623.9 | 7724.6 | 52 |
| Nonfinancial corporate business; nonresidential equipment, historical cost basis | FL105013213 | 5185.2 | 5300.1 | 5496.2 | 5696.6 | 5547.9 | 5600.7 | 5649.9 | 5696.6 | 5743.5 | 53 |
| Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis | FL105013715 | 2811.9 | 3031.5 | 3288.5 | 3553.6 | 3354.8 | 3420.9 | 3486.7 | 3553.6 | 3623.8 | 54 |
| Nonfinancial corporate business; inventories, historical cost basis (SOI) | FL105020000 | 2160.3 | 2489.6 | 2925.2 | 2773.2 | 2990.2 | 2920.6 | 2903.3 | 2773.2 | 2697.3 | 55 |
| Nonfinancial corporate business; net worth at historical cost | FL102090115 | 17953.9 | 21017.7 | 18887.7 | 21172 | 19793.1 | 20356.3 | 20052.7 | 21172 | 21899.8 | 56 |
| Nonfinancial corporate business; residential structures, historical cost basis | FL105012613 | 125.3 | 134.4 | 143.5 | 151.1 | 145.4 | 147.2 | 149.2 | 151.1 | 153.2 | 57 |
| Nonfinancial corporate business; nonresidential structures, historical cost basis | FL105013613 | 6008.2 | 6201.1 | 6449.6 | 6785.7 | 6528.1 | 6611.3 | 6696.7 | 6785.7 | 6874 | 58 |
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.
- Debt is calculated as the sum of debt securities (line 31) and loans (line 35). Equity is total equity (line 43).
Last Update: June 7, 2024