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 2022 2023 2024 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 Line
Nonfinancial business; income before taxes FA146110005 4533.7 4749.1 5078.8 4809.1 4940.6 4958.6 5090.1 5127.0 5139.4 1
Nonfinancial business; gross saving less net capital transfers paid FA146000105 3092.2 3464.5 3627.6 3533.6 3650.8 3491.6 3609.0 3694.8 3714.9 2
Nonfinancial business; gross investment FA145090005 3151.7 3390.3 3256.3 4450.3 3684.5 2627.1 3431.7 3058.7 3907.8 3
Nonfinancial business; total capital expenditures FA145050005 3370.3 3444.3 3631.5 3515.2 3531.9 3534.0 3669.4 3702.9 3619.6 4
Nonfinancial business; gross fixed investment FA145019005 3114.2 3403.6 3580.3 3424.3 3477.0 3513.9 3573.0 3628.3 3605.9 5
Nonfinancial business; gross fixed investment, residential equipment and structures FA145012005 207.4 207.9 215.2 211.8 216.2 215.3 216.7 215.9 213.0 6
Nonfinancial business; gross fixed investment, nonresidential structures, equipment, and intellectual property products FA145013005 2906.8 3195.7 3365.1 3212.5 3260.9 3298.6 3356.2 3412.4 3393.0 7
Nonfinancial business; inventories FA145020005 149.6 41.7 52.4 89.2 56.7 21.4 96.8 76.0 15.5 8
Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) FA105420005 106.5 -1.0 -1.2 1.7 -1.9 -1.3 -0.4 -1.4 -1.8 9
Nonfinancial business; net lending (+) or borrowing (-) (financial account) FA145000005 -218.6 -53.9 -375.1 935.2 152.6 -906.9 -237.7 -644.2 288.2 10
Nonfinancial business; total financial assets FA144090005 3740.7 672.9 336.9 1784.8 -113.8 -649.7 301.1 375.5 1320.9 11
Nonfinancial business; checkable deposits and currency; asset FA143020005 -40.2 28.1 -107.9 437.3 -151.4 171.9 -376.3 -289.7 62.4 12
Nonfinancial business; total time and savings deposits; asset FA143030005 63.4 146.4 8.3 123.9 2.4 24.2 15.3 -70.0 63.7 13
Nonfinancial corporate business; private foreign deposits; asset FA103091003 34.7 44.2 -36.0 34.7 38.8 -4.5 -79.8 -33.1 -26.7 14
Nonfinancial business; money market fund shares; asset FA143034005 -68.8 160.1 144.7 103.5 72.5 91.9 88.2 171.6 227.3 15
Nonfinancial corporate business; security repurchase agreements; asset FA102051003 3.4 -2.7 13.9 -9.4 -9.2 29.3 -25.2 70.0 -18.3 16
Nonfinancial business; debt securities; asset FA144022005 16.1 -9.2 26.4 171.7 -282.6 95.5 -79.2 31.3 57.9 17
Nonfinancial corporate business; commercial paper; asset FA103069100 -39.4 -20.6 6.3 103.5 -191.9 82.0 17.8 -70.0 -4.4 18
Nonfinancial business; Treasury securities; asset FA143061105 43.6 10.6 17.1 54.0 -66.3 12.4 -66.4 74.1 48.1 19
Nonfinancial corporate business; agency- and GSE-backed securities; asset FA103061703 5.8 3.5 4.7 9.8 -13.4 0.9 -23.7 30.6 10.8 20
Nonfinancial business; municipal securities; asset FA143062005 3.4 -0.0 1.3 0.8 -1.4 1.0 1.5 0.6 2.1 21
Equity real estate investment trusts; corporate and foreign bonds; asset FA123063003 2.7 -2.6 -3.0 3.7 -9.6 -0.8 -8.4 -4.1 1.3 22
Nonfinancial business; loans; asset FA144023005 -7.1 9.4 1.3 11.5 33.2 -15.7 -18.4 7.6 31.8 23
Nonfinancial business; total mortgages; asset FA143065005 -7.0 9.4 1.3 0.2 6.8 -1.2 8.5 -0.9 -1.2 24
Nonfinancial business; consumer credit; asset FA143066005 -0.0 -0.0 -0.0 11.2 26.4 -14.4 -26.9 8.4 32.9 25
Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) FA103092305 -31.9 29.2 -41.8 48.1 6.9 -5.6 -104.3 -56.4 -1.0 26
Nonfinancial corporate business; corporate equities; asset FA103064103 -136.2 75.3 75.3 73.3 81.5 75.3 75.3 75.3 75.3 27
Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) FA103092105 298.6 272.8 243.1 347.9 388.1 309.2 247.0 289.0 127.5 28
Nonfinancial business; equity in government-sponsored enterprises (GSEs); asset FA143092405 1.0 3.4 1.0 0.9 1.7 -0.4 2.6 -0.5 2.3 29
Nonfinancial corporate business; mutual fund shares; asset FA103064203 -19.7 -40.9 -40.9 -40.9 -40.9 -40.9 -40.9 -40.9 -40.9 30
Nonfinancial business; trade receivables; asset FA143070005 605.8 41.6 143.7 352.5 -221.5 -331.3 553.5 40.7 312.1 31
Nonfinancial business; total miscellaneous assets FA143090005 3021.7 -84.7 -94.2 129.8 -33.4 -1048.6 43.5 180.6 447.5 32
Nonfinancial business; total liabilities and equity FA144194005 3959.3 726.9 712.1 849.7 -266.4 257.2 538.8 1019.7 1032.7 33
Nonfinancial business; total liabilities FA144190005 4382.6 1102.1 906.7 994.7 734.6 513.9 820.3 1242.6 1050.1 34
Nonfinancial corporate business; debt securities; liability FA104122005 78.6 225.6 266.6 106.4 94.4 548.7 293.3 331.1 -106.8 35
Nonfinancial corporate business; commercial paper; liability FA103169100 59.3 20.4 -21.3 59.4 72.8 83.0 -18.2 -166.0 15.9 36
Nonfinancial corporate business; municipal securities; liability FA103162000 0.8 -1.4 13.0 -0.9 -22.3 26.7 28.6 21.5 -24.8 37
Nonfinancial corporate business; corporate bonds; liability FA103163005 18.5 206.6 274.9 47.9 44.0 439.0 282.9 475.6 -97.8 38
Nonfinancial business; loans; liability FA144123005 1001.7 199.5 376.2 167.1 64.1 306.2 557.9 324.3 316.5 39
Nonfinancial business; depository institution loans n.e.c.; liability FA143168005 294.4 -21.1 43.6 -133.1 -17.3 28.2 137.9 -48.0 56.2 40
Nonfinancial business; other loans and advances; liability FA143169005 236.2 -23.7 109.4 77.7 -97.4 25.2 256.0 148.0 8.4 41
Nonfinancial business; total mortgages; liability FA143165005 471.2 244.2 223.3 222.5 178.8 252.8 164.0 224.3 251.9 42
Nonfinancial business; foreign direct investment in U.S.: intercompany debt; liability (market value) FA143192305 54.3 -17.5 54.3 -38.9 -35.3 1.7 121.9 49.2 44.5 43
Nonfinancial business; trade payables; liability FA143170005 490.9 -22.5 72.6 330.9 -185.3 -182.3 236.3 69.8 166.5 44
Nonfinancial business; taxes payable; liability FA143178005 43.2 -17.9 -24.6 9.8 -48.4 69.4 -180.4 13.2 -0.6 45
Nonfinancial business; total miscellaneous liabilities FA143190005 2713.9 735.0 161.6 419.4 845.0 -229.7 -208.6 454.9 629.8 46
Nonfinancial business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) FA143181105 -423.3 -375.3 -194.6 -145.0 -1001.1 -256.8 -281.5 -222.9 -17.4 47
Nonfinancial corporate business; corporate equities; liability FA103164105 -560.1 -625.5 -404.2 -462.0 -1209.6 -582.9 -524.0 -353.1 -156.9 48
Nonfinancial business; foreign direct investment in U.S.; liability (market value) FA143192105 257.6 285.3 223.1 267.2 255.8 208.1 232.9 183.4 268.1 49
Nonfinancial noncorporate business; proprietors' equity in noncorporate business FA112090205 -120.8 -35.1 -13.6 49.8 -47.3 118.0 9.5 -53.2 -128.6 50
Nonfinancial corporate business; sector discrepancy FA107005005 -59.5 74.1 371.3 -916.8 -33.7 864.5 177.3 636.1 -192.9 51

NOTES

  1. Sum of nonfinancial corporate business and nonfinancial noncorporate business.
Last Update: March 13, 2025