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 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total assets | FL102000005 | 57501.2 | 58997.6 | 60522.9 | 59876.1 | 60838.4 | 60505.8 | 60522.9 | 61085.9 | 61195.9 | 1 |
| Nonfinancial corporate business; nonfinancial assets | LM102010005 | 29269.1 | 30498.2 | 30004.5 | 30678.5 | 31170.9 | 30996.8 | 30004.5 | 30030.7 | 30255.7 | 2 |
| Nonfinancial corporate business; real estate at market value | LM105035005 | 16921.6 | 17037 | 15949.3 | 16990.7 | 17427.5 | 17080 | 15949.3 | 15770.1 | 15861.4 | 3 |
| Nonfinancial corporate business; equipment, current cost basis | LM105015205 | 5827.3 | 6282.6 | 6540.9 | 6429.5 | 6437.5 | 6497.1 | 6540.9 | 6627.9 | 6680 | 4 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis | LM105013765 | 3359.4 | 3686.9 | 4043.8 | 3784.3 | 3871.5 | 3950.9 | 4043.8 | 4122.8 | 4204.4 | 5 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis | LM105020015 | 3160.8 | 3491.6 | 3470.5 | 3474.1 | 3434.4 | 3468.8 | 3470.5 | 3509.9 | 3509.9 | 6 |
| Nonfinancial corporate business; total financial assets | FL104090005 | 28232.1 | 28499.3 | 30518.4 | 29197.6 | 29667.5 | 29509 | 30518.4 | 31055.2 | 30940.2 | 7 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 166.3 | 201 | 245.7 | 198.2 | 226.8 | 236.2 | 245.7 | 244.7 | 223.4 | 8 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 2051.4 | 1996.8 | 2012.9 | 1957.5 | 1917.6 | 2079.9 | 2012.9 | 1974.7 | 1918.2 | 9 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 283.7 | 301 | 407.5 | 280.2 | 392 | 413.9 | 407.5 | 406.2 | 403.5 | 10 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 811.5 | 738 | 894.8 | 805.3 | 834.8 | 867.4 | 894.8 | 905.2 | 922 | 11 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 26.7 | 30.1 | 28.6 | 32.3 | 32 | 31.6 | 28.6 | 35.9 | 28.9 | 12 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 409.6 | 382.2 | 383.1 | 386.4 | 398 | 437.9 | 383.1 | 395.8 | 379.8 | 13 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 256.3 | 216.9 | 202.5 | 220 | 214.7 | 249.3 | 202.5 | 216.7 | 224.1 | 14 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 79.7 | 89 | 101.1 | 89.8 | 102.8 | 107.5 | 101.1 | 100.2 | 84.3 | 15 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 26.6 | 29.7 | 33.7 | 29.9 | 34.3 | 35.8 | 33.7 | 33.4 | 28.1 | 16 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 27.3 | 28.2 | 29.1 | 28.7 | 28.7 | 27.4 | 29.1 | 29 | 29.2 | 17 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 19.8 | 18.5 | 16.8 | 18 | 17.6 | 17.9 | 16.8 | 16.4 | 14.2 | 18 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 149 | 154.4 | 162.5 | 159.7 | 160.4 | 160.3 | 162.5 | 160.8 | 162.9 | 19 |
| Nonfinancial corporate business; total mortgages; asset | FL103065005 | 113.2 | 118.6 | 126.7 | 125 | 125.4 | 125.3 | 126.7 | 126.1 | 127.9 | 20 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 34.7 | 35 | 35.1 | 35.8 | 34.7 | 35 | 21 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | -31.8 | -74.9 | -57.4 | -50.5 | -69.8 | -58.6 | -57.4 | -45.7 | -40.8 | 22 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 3144.9 | 2397.6 | 3085.1 | 2607.8 | 2842.3 | 2756.1 | 3085.1 | 3416.3 | 3568.2 | 23 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 7969.7 | 6658.8 | 7702.5 | 7186.1 | 7379.6 | 6984.2 | 7702.5 | 8258.6 | 8214.5 | 24 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.6 | 1.7 | 1.9 | 2.1 | 1.9 | 1.9 | 1.9 | 2 | 2 | 25 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 420.3 | 323.5 | 330.6 | 329.4 | 332.9 | 311.1 | 330.6 | 340.9 | 334.7 | 26 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4414.3 | 4876.8 | 4897.3 | 4850.3 | 4863.4 | 4950.9 | 4897.3 | 4812.6 | 4915.4 | 27 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8414.9 | 10512.3 | 10423.4 | 10452.7 | 10355.6 | 10336.3 | 10423.4 | 10147.2 | 9907.4 | 28 |
| Nonfinancial corporate business; total liabilities and equity | FL104194005 | 89873.1 | 79027.4 | 91209.3 | 83402.9 | 87765.3 | 85706.3 | 91209.3 | 96753.2 | 98662.9 | 29 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 25014.3 | 28203.3 | 28658.1 | 28314.5 | 28388.5 | 28735 | 28658.1 | 28619.8 | 28701.7 | 30 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7930.3 | 8008.5 | 8233.8 | 8172 | 8190.8 | 8209.1 | 8233.8 | 8364.5 | 8419.9 | 31 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 138.2 | 197.6 | 218 | 206.2 | 192.7 | 203.2 | 218 | 232.4 | 211.3 | 32 |
| Nonfinancial corporate business; municipal securities; liability (1) | FL103162000 | 618.6 | 619.3 | 618 | 619.6 | 622.3 | 619.2 | 618 | 622.9 | 629.7 | 33 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 7173.4 | 7191.6 | 7397.9 | 7346.2 | 7375.8 | 7386.8 | 7397.9 | 7509.2 | 7578.9 | 34 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 4677.2 | 5291.6 | 5309.1 | 5317 | 5312.6 | 5307.2 | 5309.1 | 5348.8 | 5415.4 | 35 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1122.8 | 1473 | 1478.6 | 1488.9 | 1482.8 | 1470.2 | 1478.6 | 1492.9 | 1512.3 | 36 |
| Nonfinancial corporate business; other loans and advances; liability | FL103169005 | 2491.3 | 2608.4 | 2586.5 | 2600.6 | 2604.1 | 2606.8 | 2586.5 | 2607 | 2654 | 37 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 1063.1 | 1210.2 | 1244 | 1227.4 | 1225.6 | 1230.2 | 1244 | 1248.9 | 1249.2 | 38 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 309.5 | 345.8 | 324.1 | 346.3 | 343.6 | 330 | 324.1 | 337.3 | 340.8 | 39 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 3194.4 | 3595.3 | 3565.2 | 3473.8 | 3489.5 | 3612.2 | 3565.2 | 3466.1 | 3535.4 | 40 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 249.8 | 265.6 | 238 | 301.3 | 250.6 | 254 | 238 | 267.6 | 205.2 | 41 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8653.1 | 10696.4 | 10987.9 | 10704.2 | 10801.3 | 11022.5 | 10987.9 | 10835.6 | 10784.9 | 42 |
| Nonfinancial corporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | LM103181105 | 64858.8 | 50824.1 | 62551.2 | 55088.5 | 59376.8 | 56971.3 | 62551.2 | 68133.4 | 69961.2 | 43 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 53564.9 | 41681 | 51221.2 | 45261.2 | 48751.2 | 46750.9 | 51221.2 | 55717 | 57122.6 | 44 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 11293.9 | 9143 | 11330 | 9827.2 | 10625.6 | 10220.4 | 11330 | 12416.4 | 12838.6 | 45 |
| Nonfinancial corporate business; net worth | FL102090005 | 32486.9 | 30794.3 | 31864.8 | 31561.6 | 32449.9 | 31770.7 | 31864.8 | 32466.1 | 32494.2 | 46 |
| Nonfinancial corporate business; corporate equities as a percentage of net worth (2) | FL103164106 | 199.6 | 165 | 196.3 | 174.5 | 183 | 179.3 | 196.3 | 209.9 | 215.3 | 47 |
| Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (2) | FL104104016 | 19.4 | 26.2 | 21.7 | 24.5 | 22.7 | 23.7 | 21.7 | 20.1 | 19.8 | 48 |
| Nonfinancial corporate business; debt as a percentage of net worth (market value) (2) | FL104104006 | 38.8 | 43.2 | 42.5 | 42.7 | 41.6 | 42.5 | 42.5 | 42.2 | 42.6 | 49 |
| Nonfinancial corporate business; total assets at historical cost | FL102000115 | 46026.7 | 47468.6 | 50172.1 | 48437.1 | 49051.8 | 49100.2 | 50172.1 | 50913.5 | 51209.8 | 50 |
| Nonfinancial corporate business; nonfinancial assets at historical cost | FL102010115 | 17794.6 | 18969.3 | 19653.7 | 19239.6 | 19384.3 | 19591.3 | 19653.7 | 19858.3 | 20269.6 | 51 |
| Nonfinancial corporate business; real estate, historical cost basis | FL105035045 | 6973.5 | 7259.4 | 7629.1 | 7347.4 | 7430.2 | 7539.9 | 7629.1 | 7729 | 8024.5 | 52 |
| Nonfinancial corporate business; nonresidential equipment, historical cost basis | FL105013213 | 5300.1 | 5496.2 | 5696.6 | 5547.9 | 5600.7 | 5649.9 | 5696.6 | 5744.2 | 5796.3 | 53 |
| Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis | FL105013715 | 3031.5 | 3288.5 | 3553.6 | 3354.8 | 3420.9 | 3486.7 | 3553.6 | 3623.8 | 3695.2 | 54 |
| Nonfinancial corporate business; inventories, historical cost basis (SOI) | FL105020000 | 2489.6 | 2925.2 | 2774.4 | 2989.5 | 2932.6 | 2914.8 | 2774.4 | 2761.4 | 2753.5 | 55 |
| Nonfinancial corporate business; net worth at historical cost | FL102090115 | 21012.4 | 19265.3 | 21513.9 | 20122.6 | 20663.3 | 20365.2 | 21513.9 | 22293.7 | 22508.1 | 56 |
| Nonfinancial corporate business; residential structures, historical cost basis | FL105012613 | 134.4 | 143.5 | 151.1 | 145.4 | 147.2 | 149.2 | 151.1 | 153.2 | 155.3 | 57 |
| Nonfinancial corporate business; nonresidential structures, historical cost basis | FL105013613 | 6201.1 | 6449.6 | 6785.7 | 6528.1 | 6611.3 | 6696.7 | 6785.7 | 6875 | 6963.2 | 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: September 12, 2024