Financial Accounts of the United States - Z.1
F.102 Nonfinancial Business (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial business; income before taxes | FA146110005 | 4172.7 | 4453.4 | 4572.9 | 4428.5 | 4477 | 4625.2 | 4760.8 | 4802.2 | 4852.4 | 1 |
| Nonfinancial business; gross saving less net capital transfers paid | FA146000105 | 2875.6 | 3112.5 | 3467.7 | 3299.9 | 3396.7 | 3533.2 | 3641 | 3497.3 | 3557.3 | 2 |
| Nonfinancial business; gross investment | FA145090005 | 2658 | 3028 | 3301.8 | 2396.1 | 2964.6 | 4350.5 | 3496 | 2371.6 | 2609.4 | 3 |
| Nonfinancial business; total capital expenditures | FA145050005 | 2722.6 | 3278.5 | 3288.3 | 3191.1 | 3235.6 | 3353.9 | 3372.8 | 3383.7 | 3493.1 | 4 |
| Nonfinancial business; gross fixed investment | FA145019005 | 2705.1 | 3016.4 | 3237.6 | 3171.1 | 3220.8 | 3252 | 3306.3 | 3351.3 | 3404.9 | 5 |
| Nonfinancial business; gross fixed investment, residential equipment and structures | FA145012005 | 188.6 | 195.6 | 180.5 | 172 | 170.5 | 182.8 | 196.6 | 194 | 197.2 | 6 |
| Nonfinancial business; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA145013005 | 2516.5 | 2820.8 | 3057.1 | 2999.1 | 3050.3 | 3069.3 | 3109.7 | 3157.3 | 3207.7 | 7 |
| Nonfinancial business; inventories | FA145020005 | 11.7 | 157.3 | 53.6 | 23.7 | 18.6 | 102 | 70.1 | 36 | 91.1 | 8 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | 5.8 | 104.8 | -2.8 | -3.7 | -3.8 | -0.2 | -3.6 | -3.7 | -3 | 9 |
| Nonfinancial business; net lending (+) or borrowing (-) (financial account) | FA145000005 | -64.6 | -250.4 | 13.4 | -795.1 | -271 | 996.6 | 123.2 | -1012.1 | -883.7 | 10 |
| Nonfinancial business; total financial assets | FA144090005 | 2039.8 | 3037.4 | 681.7 | 405.7 | 500.5 | 2027.9 | -207.1 | -793.9 | -432 | 11 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | 31.3 | 34.7 | 44.7 | -11.2 | 114.5 | 37.5 | 37.8 | -4 | -85 | 12 |
| Nonfinancial business; checkable deposits and currency; asset | FA143020005 | 343.7 | -12.1 | 23.1 | 123.6 | -307.6 | 455.1 | -178.6 | 166.8 | -393.3 | 13 |
| Nonfinancial business; total time and savings deposits; asset | FA143030005 | 101 | 88.6 | 150.2 | 24.8 | 493.6 | 102.6 | -20.4 | 18.2 | 15.6 | 14 |
| Nonfinancial business; money market fund shares; asset | FA143034005 | 102.6 | -67.1 | 159.1 | 321.1 | 141.8 | 103.3 | 70.3 | 91.2 | 87.8 | 15 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -10.3 | 3.4 | -1.5 | 8.7 | -1.1 | -1.4 | -12.2 | 29.2 | -27.9 | 16 |
| Nonfinancial business; debt securities; asset | FA144022005 | 40.2 | 7.4 | -4.5 | 17.3 | 55.7 | 195.9 | -286.9 | 91 | -71.2 | 17 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | 5.4 | -39.4 | -14.4 | 36 | -30.2 | 133.9 | -197.3 | 83.6 | 17.6 | 18 |
| Nonfinancial business; Treasury securities; asset | FA143061105 | 12.9 | 33.1 | 9.4 | -13.4 | 67 | 49.1 | -65 | 7.5 | -60.5 | 19 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | 2.9 | 5.8 | 3.2 | -0.9 | 18.5 | 8.1 | -13 | -0.4 | -21.5 | 20 |
| Nonfinancial business; municipal securities; asset | FA143062005 | 11.3 | 5.2 | -0.1 | -0.3 | 0.9 | 1.1 | -2 | 1.1 | 1.5 | 21 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | FA123063003 | 7.7 | 2.7 | -2.6 | -4 | -0.6 | 3.7 | -9.6 | -0.8 | -8.4 | 22 |
| Nonfinancial business; loans; asset | FA144023005 | 12.6 | -5.5 | 9 | 15.3 | -23 | 11.4 | 32.3 | -16 | -18.5 | 23 |
| Nonfinancial business; total mortgages; asset | FA143065005 | 12.7 | -5.5 | 9 | 26.6 | 3.3 | 0.2 | 5.9 | -1.5 | 8.4 | 24 |
| Nonfinancial business; consumer credit; asset | FA143066005 | -0 | -0 | -0 | -11.4 | -26.3 | 11.2 | 26.4 | -14.4 | -26.9 | 25 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -43.1 | -31.9 | 29.2 | 124.7 | -63 | 48.1 | 6.9 | 10.3 | 20.1 | 26 |
| Nonfinancial corporate business; corporate equities; asset | FA103064103 | -101.4 | -136.2 | 71.5 | 66.7 | 72.2 | 69.6 | 77.4 | 71.5 | 71.5 | 27 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | 256.4 | 298.6 | 272.8 | 146.3 | 208.9 | 347.9 | 388.1 | 290.6 | 336.5 | 28 |
| Nonfinancial business; equity in government-sponsored enterprises (GSEs); asset | FA143092405 | 1.4 | 1 | 3.4 | 8.8 | 2.1 | 0.9 | 1.7 | -0.4 | 2.6 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | 17.3 | -19.7 | -40.9 | -40.9 | -40.9 | -40.9 | -40.9 | -40.9 | -40.9 | 30 |
| Nonfinancial business; trade receivables; asset | FA143070005 | 578.1 | 513.3 | 37.9 | -120.2 | 132.2 | 351.5 | -211.9 | -372.6 | 520.6 | 31 |
| Nonfinancial business; total miscellaneous assets | FA143090005 | 709.8 | 2362.9 | -72.1 | -279.4 | -285 | 346.6 | -70.7 | -1128.7 | -849.9 | 32 |
| Nonfinancial business; total liabilities and equity | FA144194005 | 2104.3 | 3287.8 | 668.3 | 1200.8 | 771.5 | 1031.3 | -330.3 | 218.2 | 451.7 | 33 |
| Nonfinancial business; total liabilities | FA144190005 | 1969.9 | 3679.7 | 1035.4 | 1268.1 | 935.6 | 1198.5 | 739.5 | 649.9 | 823.3 | 34 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 252 | 78.2 | 225.3 | 553.9 | 150.2 | 102.4 | 95 | 541.2 | 278.9 | 35 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | 6 | 59.3 | 20.4 | -71.8 | 21.2 | 59.4 | 72.8 | 69.2 | -32 | 36 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 11.5 | 0.7 | -1.4 | 7.4 | 10.3 | -0.9 | -22.3 | 26.7 | 28.7 | 37 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163005 | 234.4 | 18.2 | 206.3 | 618.2 | 118.7 | 43.8 | 44.5 | 445.3 | 282.2 | 38 |
| Nonfinancial business; loans; liability | FA144123005 | 652.1 | 1021.9 | 186.7 | 381 | 160.2 | 159 | 46.4 | 293.1 | 526.9 | 39 |
| Nonfinancial business; depository institution loans n.e.c.; liability | FA143168005 | -113.8 | 341.8 | -4.8 | 117.5 | -18.2 | -111.2 | -7.1 | 36.9 | 149.5 | 40 |
| Nonfinancial business; other loans and advances; liability | FA143169005 | 355.1 | 235.7 | -24.3 | -69.1 | -7.1 | 77.1 | -98 | 30.6 | 247.1 | 41 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 410.9 | 444.5 | 215.7 | 332.7 | 185.5 | 193.1 | 151.5 | 225.6 | 130.4 | 42 |
| Nonfinancial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA143192305 | -5 | 54.3 | -17.6 | -4.9 | 8.7 | -38.9 | -35.3 | 32.1 | 16.3 | 43 |
| Nonfinancial business; trade payables; liability | FA143170005 | 498.1 | 443.9 | -25.9 | -300.2 | 18.5 | 337.6 | -159.5 | -210.9 | 221.9 | 44 |
| Nonfinancial business; taxes payable; liability | FA143178005 | 6.8 | 27.2 | -21.6 | 100.3 | -141.7 | 8 | -53 | 77 | -191.2 | 45 |
| Nonfinancial business; total miscellaneous liabilities | FA143190005 | 565.9 | 2054.3 | 688.5 | 538 | 739.8 | 630.5 | 845.8 | -82.6 | -29.5 | 46 |
| Nonfinancial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA143181105 | 134.4 | -391.9 | -367.1 | -67.4 | -164.1 | -167.2 | -1069.8 | -431.7 | -371.6 | 47 |
| Nonfinancial corporate business; corporate equities; liability | FA103164105 | -121.8 | -554.3 | -628 | -409.1 | -416.7 | -460.4 | -1225.6 | -638.1 | -496.6 | 48 |
| Nonfinancial business; foreign direct investment in U.S.; liability (market value) | FA143192105 | 383.9 | 257.6 | 285.3 | 402.2 | 216.2 | 267.2 | 255.8 | 232.1 | 210 | 49 |
| Nonfinancial noncorporate business; proprietors' equity in noncorporate business | FA112090205 | -127.7 | -95.3 | -24.5 | -60.5 | 36.4 | 26 | -99.9 | -25.7 | -85 | 50 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | 217.6 | 84.5 | 165.9 | 903.9 | 432.2 | -817.4 | 145 | 1125.7 | 947.9 | 51 |
NOTES
- Sum of nonfinancial corporate business (table F.103) and nonfinancial noncorporate business (table F.104).
Last Update: September 12, 2024