F.223 Direct Investment Intercompany Debt
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description Series code 2020 2021 2022 2023 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 Line
Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability (1) FA263192305 -40.1 -64 -41.4 44.9 150 -101.9 64.6 66.9 97 1
Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability FA263192313 -56.7 20.6 -11.3 84.4 140.5 -1.1 88.7 109.5 121.2 2
Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset FA263092313 -16.6 84.7 30.1 39.5 -9.5 100.7 24.1 42.6 24.2 3
Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) FA103092305 -33.7 -52.7 -26.6 9 123.7 -83.3 51.4 -55.8 79.2 4
U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) FA763092305 -1.5 -2.6 -3.6 1.8 7 -5 4.5 0.9 3.8 5
Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) FA513092305 -1 -2 -2.5 29.6 4.4 -3 2 114.8 2.9 6
Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) FA543092375 -0.4 -0.7 -0.2 0.1 0.4 -0.4 0.1 0.4 0.4 7
Finance companies; U.S. direct investment abroad: intercompany debt (market value) FA613092305 -1.8 -2.9 -4.4 2.3 7.6 -5.2 3.3 3.6 5.4 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 -1.6 -3.2 -4.1 2.1 7 -4.9 3.1 3.2 5.4 10
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) FA103192305 -65.4 -1.1 69.5 2.8 -27.3 9 6.4 23 8.9 11
Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) FA115114305 -1.2 -0.2 0.2 0.8 -0.8 -0.2 0.2 4 3.6 12
Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) FA753192305 -2.9 -2.4 -0.2 1.4 0 3 1.5 1.3 2.9 13
Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) FA513192305 -1.3 -0.7 0.2 0.2 -1.3 1 0.9 0.4 1.1 14
Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) FA543192375 -0 -0.8 -4.7 -1.1 -1.3 -0.8 -1 -1.2 -4.7 15
Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) FA613192305 -1.3 0.4 -0 -0.5 -1.5 -0.2 0.4 -0.6 0.9 16
Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) FA663192305 0.5 1.6 -1 -3.6 0.4 3.8 0.9 -19.5 11.8 17
Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) FA733192305 9.9 2.9 -35.4 6.1 3.3 7.6 19 -5.4 4 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 -61.8 -0.5 28.6 6.3 -28.4 23.3 28.3 1.9 28.4 20
Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset FA263092323 -20 -2.8 22.5 19.5 -9.3 50.4 24.1 13 17.1 21
Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability FA263192323 41.8 -2.3 -6.1 13.3 19.1 27.1 -4.2 11 -11.4 22
Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) FA263192005 261.5 311.8 402.2 441.6 453 240.2 527.6 545.4 579 23
Rest of the world; foreign direct investment in U.S.; asset (market value) FA263092001 113.2 410.8 364 341.4 439.3 318.6 307.8 300 247.6 24

NOTES

  1. Direct investment is presented on a directional basis and reported at market value.
  2. 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: June 7, 2024