L.103 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 financial assets FL104090005 25210.2 28236 28523.2 30657.5 29267.4 29863.2 29691 30657.5 31546.2 1
Nonfinancial corporate business; private foreign deposits; asset FL103091003 135 166.3 201 236.5 197.5 224.3 233 236.5 254.2 2
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 3
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 4
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 5
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 6
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 7
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 8
Nonfinancial corporate business; Treasury securities; asset LM103061103 72.9 79.7 89 101.8 89.9 103.4 108.2 101.8 108.2 9
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 10
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 11
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 12
Nonfinancial corporate business; loans; asset FL104023005 117.6 149 154.4 162.5 159.7 160.4 160.4 162.5 160.9 13
Nonfinancial corporate business; total mortgages; asset FL103065005 81.8 113.2 118.6 126.8 125 125.4 125.3 126.8 126.2 14
Nonfinancial corporate business; consumer credit; asset FL103066005 35.8 35.8 35.8 35.8 34.7 35 35.1 35.8 34.7 15
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 16
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 17
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 18
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 19
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 20
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 21
Nonfinancial corporate business; total miscellaneous assets FL103090005 8135.3 8384 10452.7 10330.4 10388.9 10409.6 10347.6 10330.4 10256.6 22
Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset FL103076005 414.1 450.2 483.3 519.2 495 505 515.8 519.2 529.3 23
Nonfinancial corporate business; other investment in finance company subsidiaries; asset FL103094705 109.5 150.6 144.4 151.5 163.9 148.5 177.6 151.5 140.7 24
Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset FL103072005 249.8 43.3 0 0 0 0 0 0 0 25
Nonfinancial corporate business; unidentified miscellaneous assets FL103093005 7361.9 7739.8 9825 9659.8 9730 9756.2 9654.2 9659.8 9586.6 26
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 27
Nonfinancial corporate business; total liabilities FL104190005 24168 25012.9 28604.7 29132.9 28712.5 28873.5 29212.3 29132.9 29435.6 28
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 29
Nonfinancial corporate business; commercial paper; liability FL103169100 132.2 138.2 197.6 218 206.2 192.7 203.2 218 232.2 30
Nonfinancial corporate business; municipal securities; liability (1) FL103162000 607.1 618.6 619.4 618 619.6 622.3 619.2 618 622.9 31
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 32
Nonfinancial corporate business; loans; liability FL104123005 4220.4 4702.9 5330.1 5348.2 5352 5350 5347.7 5348.2 5379.7 33
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 34
Nonfinancial corporate business; other loans and advances; liability (2) FL103169005 2025.9 2491.3 2608.4 2586.5 2600.6 2604.1 2606.8 2586.5 2607.1 35
Nonfinancial corporate business; total mortgages; liability FL103165005 987 1088.9 1247.1 1279.1 1259.9 1260.5 1268.3 1279.1 1280.1 36
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 37
Nonfinancial corporate business; trade payables; liability FL103170005 2764.6 3194.4 3595.3 3559 3476.6 3492.3 3615 3559 3503.3 38
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 39
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 40
Private pension funds; pension fund contributions receivable; asset FL573074005 77.4 70.9 69 65.6 67.8 67 66.6 65.6 65.1 41
Private defined benefit pension funds; claims of pension fund on sponsor; asset FL573073005 127.7 53.4 720.1 458 616.3 541.8 654.8 458 359.9 42
Nonfinancial corporate business; unidentified miscellaneous liabilities FL103193005 8698.8 8498.4 10233.6 10861.8 10351.3 10612.3 10692.2 10861.8 11127.9 43
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 44
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 45
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 46
Nonfinancial corporate business; liquid assets (broad measure) (3) FL104001005 6242.9 7336.9 6403.7 7465.1 6630.9 7016.1 7172.2 7465.1 7936 47
Nonfinancial corporate business; total short-term liabilities (4) FL104150005 6405.6 7196.5 8141.5 8081.7 8073.6 8021.2 8147.5 8081.7 8097.1 48
Nonfinancial corporate business; liquid assets as a percentage of short-term liabilities FL104001006 97.5 102 78.7 92.4 82.1 87.5 88 92.4 98 49
Nonfinancial corporate business; short-term debt as a percentage of total debt (5) FL104140006 28.3 29.7 32.1 31.6 31.8 31.6 31.6 31.6 31.5 50

NOTES

  1. 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.
  2. Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216.
  3. Sum of lines 2 through 7 and lines 17 and 20.
  4. 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.
  5. Short-term debt is the sum of lines 30, 34, and 35. Total debt is the sum of lines 29 and 33.
Last Update: June 7, 2024