L.223 Direct Investment Intercompany Debt
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
Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability (1) LM263192305 40.7 -36.2 -72.2 -37.4 -25.4 -76.9 -54.1 -37.4 -13.2 1
Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability LM263192313 699.9 723.6 731.9 817.5 763.3 763 790.1 817.5 847.8 2
Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset LM263092313 659.1 759.9 804.2 854.9 788.7 839.9 844.2 854.9 860.9 3
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 4
U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) LM763092305 1.7 -1.5 -3 -1.6 -1 -3.2 -2.2 -1.6 -0.9 5
Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) LM513092305 1.2 -1.1 -2.1 27.2 -0.7 -2.2 -1.5 27.2 27.9 6
Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) LM543092375 0.5 -0.3 -0.2 -0.2 -0.1 -0.3 -0.3 -0.2 -0.1 7
Finance companies; U.S. direct investment abroad: intercompany debt (market value) LM613092305 1.8 -1.7 -3.7 -1.9 -1.3 -3.9 -2.8 -1.9 -0.5 8
Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) LM663092305 0 0 0 0 0 0 0 0 0 9
Holding companies; U.S. direct investment abroad: intercompany debt (market value) LM733092305 2 -1.9 -3.4 -1.8 -1.2 -3.7 -2.6 -1.8 -0.5 10
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 11
Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) LM115114305 5.7 5.3 5.5 6.1 5.3 5.2 5.3 6.1 7 12
Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) LM753192305 20 17.1 16.9 17.6 16.8 17.2 17.7 17.6 18.3 13
Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) LM513192305 11.3 10.3 10.5 10.3 10.1 10.2 10.5 10.3 10.6 14
Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) LM543192375 12.6 11.4 6.6 5.3 6.3 5.9 5.7 5.3 4.1 15
Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) LM613192305 7.1 7.3 7.3 6.5 6.9 6.7 6.8 6.5 6.8 16
Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) LM663192305 14.3 15.6 14.5 16.3 14.6 15.3 15.6 16.3 19.2 17
Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) LM733192305 105.7 105.8 70.2 70.7 70.7 71.2 76.5 70.7 71.7 18
Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) LM503192305 0 0 0 0 0 0 0 0 0 19
Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) LM263092305 497.8 484.6 513.2 498.9 504.2 499.6 510.4 498.9 506 20
Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset LM263092323 953.6 959.7 981.2 986.3 974 985.2 996.8 986.3 990.6 21
Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability LM263192323 455.8 475.1 468.1 487.5 469.8 485.6 486.4 487.5 484.6 22
Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) LM263192005 8234.5 9690.6 8004.8 9458.5 8747.6 8967.9 8540.2 9458.5 10078.1 23
Rest of the world; foreign direct investment in U.S.; asset (market value) LM263092001 10760.7 13647.7 10990.5 13526.3 11762.9 12686.6 12227.3 13526.3 14893.9 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