Financial Accounts of the United States - Z.1
L.103 Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
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| Description | Series code | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 28504.8 | 30440.0 | 31456.0 | 29442.6 | 30440.0 | 30986.0 | 31128.0 | 31733.6 | 31456.0 | 1 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 1996.8 | 2012.9 | 1880.3 | 2075.1 | 2012.9 | 1974.7 | 1921.5 | 1894.0 | 1880.3 | 2 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 301.0 | 412.4 | 384.2 | 418.8 | 412.4 | 410.8 | 407.0 | 379.7 | 384.2 | 3 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 201.0 | 245.2 | 209.2 | 235.5 | 245.2 | 244.1 | 224.1 | 215.9 | 209.2 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 738.0 | 894.8 | 1036.1 | 867.4 | 894.8 | 905.2 | 922.0 | 971.0 | 1036.1 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 30.1 | 27.3 | 41.3 | 29.6 | 27.3 | 34.7 | 28.4 | 45.9 | 41.3 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 382.2 | 378.3 | 398.8 | 432.0 | 378.3 | 391.8 | 373.8 | 391.7 | 398.8 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 216.9 | 196.2 | 202.6 | 241.7 | 196.2 | 210.1 | 217.5 | 200.9 | 202.6 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 89.0 | 102.1 | 114.0 | 108.8 | 102.1 | 102.2 | 84.7 | 110.2 | 114.0 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 29.7 | 34.0 | 38.7 | 36.3 | 34.0 | 34.1 | 28.2 | 36.7 | 38.7 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 28.2 | 29.1 | 30.0 | 27.4 | 29.1 | 29.0 | 29.2 | 30.0 | 30.0 | 11 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 18.5 | 16.8 | 13.6 | 17.9 | 16.8 | 16.4 | 14.2 | 13.8 | 13.6 | 12 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 154.4 | 162.5 | 162.4 | 160.3 | 162.5 | 160.8 | 162.9 | 162.4 | 162.4 | 13 |
| Nonfinancial corporate business; total mortgages; asset | FL103065005 | 118.6 | 126.7 | 126.6 | 125.3 | 126.7 | 126.1 | 127.9 | 127.3 | 126.6 | 14 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 35.8 | 35.1 | 35.8 | 34.7 | 35.0 | 35.1 | 35.8 | 15 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | -74.9 | -57.4 | -89.4 | -58.6 | -57.4 | -46.9 | -75.7 | -89.0 | -89.4 | 16 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 2397.6 | 3089.6 | 3889.1 | 2759.2 | 3089.6 | 3422.2 | 3575.3 | 3791.8 | 3889.1 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 6658.8 | 7702.5 | 8090.7 | 6984.2 | 7702.5 | 8260.3 | 8287.7 | 8762.6 | 8090.7 | 18 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.7 | 1.9 | 2.1 | 1.9 | 1.9 | 2.0 | 2.0 | 2.0 | 2.1 | 19 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 323.5 | 330.6 | 326.4 | 311.1 | 330.6 | 340.9 | 334.6 | 342.2 | 326.4 | 20 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4876.8 | 4889.8 | 5003.8 | 4950.5 | 4889.8 | 4813.4 | 4923.9 | 4928.1 | 5003.8 | 21 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 10517.8 | 10349.6 | 10120.9 | 10275.6 | 10349.6 | 10072.0 | 10040.4 | 9935.4 | 10120.9 | 22 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 483.5 | 520.0 | 580.0 | 516.4 | 520.0 | 530.6 | 544.0 | 559.8 | 580.0 | 23 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 145.1 | 153.4 | 144.2 | 177.9 | 153.4 | 144.4 | 144.1 | 144.8 | 144.2 | 24 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 25 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 9889.3 | 9676.3 | 9396.7 | 9581.2 | 9676.3 | 9397.0 | 9352.4 | 9230.8 | 9396.7 | 26 |
| Nonfinancial corporate business; total liabilities and equity | FL104194005 | 79047.2 | 91224.9 | 105146.5 | 85720.5 | 91224.9 | 96875.5 | 98876.3 | 103230.4 | 105146.5 | 27 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 28203.6 | 28654.0 | 28861.0 | 28737.6 | 28654.0 | 28585.5 | 28664.3 | 28728.2 | 28861.0 | 28 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 8010.6 | 8236.2 | 8501.9 | 8211.6 | 8236.2 | 8365.3 | 8421.4 | 8522.9 | 8501.9 | 29 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 197.6 | 218.0 | 196.6 | 203.2 | 218.0 | 232.4 | 211.9 | 192.0 | 196.6 | 30 |
| Nonfinancial corporate business; municipal securities; liability (1) | FL103162000 | 621.0 | 619.7 | 632.7 | 620.9 | 619.7 | 624.6 | 631.4 | 633.8 | 632.7 | 31 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 7192.0 | 7398.6 | 7672.6 | 7387.6 | 7398.6 | 7508.3 | 7578.1 | 7697.0 | 7672.6 | 32 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 5170.1 | 5190.9 | 5239.2 | 5185.2 | 5190.9 | 5231.0 | 5302.8 | 5317.8 | 5239.2 | 33 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1255.6 | 1245.0 | 1158.3 | 1239.2 | 1245.0 | 1257.1 | 1273.6 | 1259.1 | 1158.3 | 34 |
| Nonfinancial corporate business; other loans and advances; liability (2) | FL103169005 | 2608.4 | 2586.7 | 2673.1 | 2606.9 | 2586.7 | 2605.8 | 2654.6 | 2670.6 | 2673.1 | 35 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 1306.1 | 1359.2 | 1407.8 | 1339.1 | 1359.2 | 1368.1 | 1374.5 | 1388.1 | 1407.8 | 36 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 345.8 | 324.1 | 395.7 | 330.1 | 324.1 | 331.7 | 367.2 | 384.5 | 395.7 | 37 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 3595.3 | 3549.7 | 3604.5 | 3608.2 | 3549.7 | 3455.4 | 3526.9 | 3578.5 | 3604.5 | 38 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 265.6 | 238.1 | 203.4 | 254.4 | 238.1 | 265.3 | 205.8 | 209.1 | 203.4 | 39 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 10816.1 | 11115.0 | 10916.3 | 11148.0 | 11115.0 | 10936.8 | 10840.2 | 10715.4 | 10916.3 | 40 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 73.2 | 73.2 | 73.8 | 73.3 | 73.2 | 73.3 | 73.7 | 73.7 | 73.8 | 41 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 335.8 | 180.5 | -51.4 | 361.0 | 180.5 | 50.4 | 20.3 | -89.4 | -51.4 | 42 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 10407.1 | 10861.4 | 10893.9 | 10713.7 | 10861.4 | 10813.2 | 10746.2 | 10731.1 | 10893.9 | 43 |
| Nonfinancial corporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | LM103181105 | 50843.6 | 62570.8 | 76285.5 | 56982.9 | 62570.8 | 68290.1 | 70212.0 | 74502.2 | 76285.5 | 44 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 41700.6 | 51240.9 | 62312.8 | 46762.5 | 51240.9 | 55887.2 | 57325.0 | 60927.8 | 62312.8 | 45 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 9143.0 | 11329.9 | 13972.6 | 10220.4 | 11329.9 | 12402.9 | 12887.0 | 13574.4 | 13972.6 | 46 |
| Nonfinancial corporate business; liquid assets (broad measure) (3) | FL104001005 | 6370.2 | 7391.1 | 8165.4 | 7128.7 | 7391.1 | 7724.3 | 7786.7 | 8032.1 | 8165.4 | 47 |
| Nonfinancial corporate business; total short-term liabilities (4) | FL104150005 | 7922.5 | 7837.4 | 7835.9 | 7911.9 | 7837.4 | 7815.9 | 7872.8 | 7909.4 | 7835.9 | 48 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilities | FL104001006 | 80.41 | 94.31 | 104.21 | 90.10 | 94.31 | 98.83 | 98.91 | 101.55 | 104.21 | 49 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (5) | FL104140006 | 30.81 | 30.16 | 29.31 | 30.23 | 30.16 | 30.12 | 30.17 | 29.78 | 29.31 | 50 |
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.
- Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216.
- Sum of lines 2 through 7 and lines 17 and 20.
- Sum of lines 30, 34, 35, 38, and 39. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
- Short-term debt is the sum of lines 30, 34, and 35. Total debt is the sum of lines 29 and 33.
Last Update: March 13, 2025