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 | 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
- 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: June 7, 2024