Financial Accounts of the United States - Z.1
F.223 Direct Investment Intercompany Debt
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability (1) | FA263192305 | -52.3 | -46.6 | 34 | 148.7 | -77.1 | 59.4 | 5.2 | 13.4 | 22.9 | 1 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | FA263192313 | 20.1 | 1.9 | 91.3 | 137.8 | 2.3 | 88.6 | 136.6 | 51.2 | 130.2 | 2 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | FA263092313 | 72.4 | 48.4 | 57.3 | -10.8 | 79.4 | 29.3 | 131.4 | 37.9 | 107.3 | 3 |
| 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 | 4 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | FA763092305 | -2.1 | -3.7 | 1.4 | 6.8 | -3.9 | 4.3 | -1.7 | 1.8 | -0.1 | 5 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | FA513092305 | -1.6 | -2.4 | 0.5 | 3.7 | -2.5 | 1.5 | -0.7 | 0.5 | 0.5 | 6 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.5 | -0.2 | -0 | 0.2 | -0.4 | 0.1 | 0.1 | 0 | 0.2 | 7 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | FA613092305 | -2.3 | -4.2 | 1.5 | 6.6 | -3.8 | 2.7 | 0.4 | 0.6 | 1.3 | 8 |
| Security brokers and dealers; U.S. direct investment abroad: intercompany debt (market value) | FA663092305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Holding companies; U.S. direct investment abroad: intercompany debt (market value) | FA733092305 | -2.7 | -4.1 | 1.4 | 6.6 | -3.6 | 2.7 | 0.1 | 0.2 | 0.9 | 10 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA103192305 | -3.9 | 54.3 | -18.2 | -4.6 | 8.8 | -39.4 | -37.5 | 32 | 13.9 | 11 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | FA115114305 | -1.1 | 0 | 0.6 | -0.3 | -0.1 | 0.5 | 2.3 | 0.2 | 2.4 | 12 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA753192305 | -2.6 | -0.5 | 0.5 | 0.9 | 2.1 | -0.2 | -1 | 1.9 | 0.1 | 13 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA513192305 | -1.4 | -0.3 | 0.1 | -0.1 | 1.4 | 0.1 | -0.8 | 1.2 | -0.2 | 14 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -1.6 | -5.2 | -0.8 | -0.1 | -0.7 | -0.9 | -1.4 | 0.6 | -0.1 | 15 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA613192305 | -0 | -0.2 | -0.7 | -1 | -0.3 | -0.2 | -1.2 | -0.2 | -1.2 | 16 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | FA663192305 | 1.3 | 0.4 | -0.3 | -1.1 | 2.1 | -2.2 | 0.3 | 2.6 | -2.3 | 17 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA733192305 | 2.4 | -29.1 | 1.1 | 0.9 | 5.7 | 24.2 | -26.3 | -0.6 | -37.5 | 18 |
| Other financial business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA503192305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt; asset (1) | FA263092305 | -6.9 | 19.4 | -17.6 | -5.4 | 19 | -18.1 | -65.8 | 37.6 | -25 | 20 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | FA263092323 | -6.8 | 27.1 | -14.8 | -40.1 | 42.2 | -32.2 | -29.1 | 21.1 | -10.8 | 21 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | FA263192323 | 0.1 | 7.7 | 2.8 | -34.7 | 23.2 | -14 | 36.7 | -16.5 | 14.2 | 22 |
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | FA263192005 | 269.5 | 332.4 | 394 | 402.3 | 212.1 | 464.3 | 497.3 | 452 | 427 | 23 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) | FA263092001 | 403.4 | 352.9 | 288.7 | 418.4 | 253 | 251.7 | 231.7 | 303.5 | 279 | 24 |
NOTES
- Direct investment is presented on a directional basis and reported at market value.
- 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: September 12, 2024