Financial Accounts of the United States - Z.1
L.223 Direct Investment Intercompany Debt
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest of the world; U.S. direct investment abroad: intercompany debt, including Netherlands Antillean Financial subsidiaries; liability (1) | LM263192305 | -38.5 | -89.4 | -69.3 | -60.4 | -83.8 | -70.6 | -69.3 | -55.3 | -49.5 | 1 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. parents' claims; liability | LM263192313 | 709.9 | 726.4 | 822.5 | 761.2 | 766.2 | 788.3 | 822.5 | 846 | 878.5 | 2 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. parents' liabilities; asset | LM263092313 | 748.4 | 815.8 | 891.7 | 821.7 | 850 | 858.9 | 891.7 | 901.2 | 928 | 3 |
| 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 | 4 |
| U.S.-chartered depository institutions; U.S. direct investment abroad: intercompany debt (market value) | LM763092305 | -1.6 | -3.6 | -2.8 | -2.4 | -3.4 | -2.8 | -2.8 | -2.2 | -2 | 5 |
| Property-casualty insurance companies; U.S. direct investment abroad: intercompany debt (market value) | LM513092305 | -1.2 | -2.4 | -2.3 | -1.7 | -2.5 | -2.1 | -2.3 | -1.8 | -1.7 | 6 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | -0.3 | -0.3 | -0.3 | -0.2 | -0.3 | -0.3 | -0.3 | -0.3 | -0.2 | 7 |
| Finance companies; U.S. direct investment abroad: intercompany debt (market value) | LM613092305 | -1.7 | -4.1 | -3.3 | -2.8 | -4 | -3.4 | -3.3 | -2.6 | -2.3 | 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 | -4.1 | -3.2 | -2.8 | -3.9 | -3.3 | -3.2 | -2.7 | -2.5 | 10 |
| 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 | 11 |
| Nonfinancial noncorporate business; foreign direct investment in U.S. real estate business: intercompany debt; liability (market value) | LM115114305 | 4.6 | 4.3 | 4.9 | 4.2 | 4.2 | 4.2 | 4.9 | 5 | 5.6 | 12 |
| Foreign banking offices in the U.S.; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM753192305 | 17.2 | 15.7 | 16 | 16 | 16.3 | 16.1 | 16 | 16.7 | 16.7 | 13 |
| Property-casualty insurance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM513192305 | 9.8 | 8.9 | 9 | 9 | 9.2 | 9.1 | 9 | 9.4 | 9.4 | 14 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 10.8 | 5 | 4.1 | 4.9 | 4.7 | 4.4 | 4.1 | 4.3 | 4.3 | 15 |
| Finance companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM613192305 | 7 | 6.4 | 5.6 | 6.1 | 6 | 5.9 | 5.6 | 5.6 | 5.3 | 16 |
| Security brokers and dealers; foreign direct investment in U.S.: intercompany debt, adjusted for U.S. Intermediate Holding Companies; liability (market value) | LM663192305 | 15.6 | 15 | 14.6 | 14.8 | 15.1 | 14.4 | 14.6 | 15.5 | 15 | 17 |
| Holding companies; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM733192305 | 105.8 | 70.2 | 70.7 | 70.7 | 71.2 | 76.5 | 70.7 | 71.7 | 62.3 | 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 | 480.4 | 471.3 | 449 | 472.2 | 470.3 | 460.6 | 449 | 465.7 | 459.4 | 20 |
| Rest of the world; foreign direct investment in U.S.: intercompany debt, U.S. affiliates' liabilities; asset | LM263092323 | 953.7 | 952.5 | 938.4 | 951.8 | 953.9 | 945.4 | 938.4 | 952.1 | 949.4 | 21 |
| Rest of the world; U.S. direct investment abroad: intercompany debt, U.S. affiliates' claims; liability | LM263192323 | 473.3 | 481.1 | 489.4 | 479.6 | 483.7 | 484.8 | 489.4 | 486.4 | 490 | 22 |
| Rest of the world; U.S. direct investment abroad, including Netherlands Antillean Financial subsidiaries; liability (market value) | LM263192005 | 9626.1 | 7853.3 | 9225.6 | 8545.6 | 8778.4 | 8333.5 | 9225.6 | 9932.2 | 9880.9 | 23 |
| Rest of the world; foreign direct investment in U.S.; asset (market value) | LM263092001 | 13644.2 | 10938.2 | 13427.9 | 11710.1 | 12621.9 | 12141.5 | 13427.9 | 14694.4 | 15191.7 | 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