Financial Accounts of the United States - Z.1
F89.2.t Direct investment intercompany debt 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. direct investment abroad: Intercompany Debt | |||||||||||
| Line 1 | U.S. parents' claims | FA263192313 | 103.4 | -46.7 | 10.3 | 111.3 | -144.7 | -16.0 | 90.6 | -222.1 | -81.3 |
| Line 2 | Less: U.S. parents' liabilities | FA263092313 | 51.9 | -34.9 | 19.2 | 6.6 | 75.1 | 16.7 | -21.4 | -204.0 | -108.5 |
| Line 3 | Equals: Rest of the world liabilities(1) | FA263192305 | 51.5 | -11.8 | -8.9 | 104.8 | -219.8 | -32.7 | 111.9 | -18.1 | 27.3 |
| Line 4 | Nonfinancial corporate business (assets) | FA103092305 | 44.1 | -10.5 | -17.2 | 43.9 | -178.4 | -28.6 | 94.4 | -16.6 | 18.2 |
| Line 5 | U.S.-chartered depository institutions (assets) | FA763092305 | 2.1 | -0.3 | 1.9 | 15.0 | -9.8 | 0.2 | 2.1 | 1.2 | 0.8 |
| Line 6 | Property-casualty insurance companies (assets) | FA513092305 | 0.7 | -0.1 | 1.6 | 12.0 | -8.0 | -1.5 | 4.1 | -0.7 | 0.2 |
| Line 7 | Life insurance companies (assets) | FA543092375 | 0.1 | -0.0 | 0.3 | 1.4 | -0.7 | 0.0 | 0.4 | -0.1 | 0.1 |
| Line 8 | Finance companies (assets) | FA613092305 | 2.2 | -0.4 | 2.2 | 15.8 | -10.7 | -1.5 | 5.2 | -0.9 | 3.0 |
| Line 9 | Brokers and dealers (assets) | FA663092305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 10 | Holding companies (assets) | FA733092305 | 2.2 | -0.5 | 2.2 | 16.6 | -12.1 | -1.4 | 5.8 | -1.0 | 4.9 |
| Foreign direct investment in U.S.: Intercompany debt | |||||||||||
| Line 11 | U.S. affiliates' liabilities | FA263092323 | -18.8 | -6.3 | -4.8 | -23.3 | -2.9 | 5.9 | 1.3 | 42.1 | 20.2 |
| Line 12 | Less: U.S. affiliates' claims | FA263192323 | 10.3 | 2.9 | 29.1 | 23.3 | 17.9 | 59.9 | 15.2 | 34.1 | 2.8 |
| Line 13 | Equals: Rest of the world assets(1) | FA263092305 | -29.1 | -9.2 | -33.8 | -46.6 | -20.8 | -54.1 | -13.9 | 8.0 | 17.4 |
| Line 14 | Nonfinancial corporate business (liabilities) | FA103192305 | -29.1 | 10.4 | -42.6 | -41.6 | -32.7 | -60.4 | -36.0 | 27.6 | 16.3 |
| Line 15 | Nonfinancial noncorporate business (liabilities) | FA115114305 | 0.7 | -0.4 | -0.6 | -0.6 | -0.5 | -0.9 | -0.3 | -0.1 | 0.4 |
| Line 16 | Foreign banking offices in U.S. (liabilities) | FA753192305 | -1.2 | 0.1 | -0.7 | -2.1 | 0.5 | -1.6 | 0.2 | 0.3 | 0.9 |
| Line 17 | Property-casualty insurance companies (liabilities) | FA513192305 | 0.0 | 0.7 | -0.5 | -0.9 | 0.5 | -1.3 | -0.3 | 1.9 | 1.0 |
| Line 18 | Life insurance companies (liabilities) | FA543192375 | -1.4 | -1.0 | -0.3 | -0.3 | -0.3 | -0.8 | 0.3 | -0.1 | -0.3 |
| Line 19 | Finance companies (liabilities) | FA613192305 | -0.8 | -0.3 | -0.2 | -0.3 | 0.0 | -0.8 | 0.2 | 0.1 | 0.4 |
| Line 20 | Brokers and dealers (liabilities) | FA663192305 | 0.9 | 1.5 | -0.5 | -1.6 | -0.8 | -0.2 | 0.6 | 19.0 | 0.1 |
| Line 21 | Holding companies (liabilities) | FA733192305 | 1.8 | -20.3 | 11.6 | 0.8 | 12.4 | 11.9 | 21.4 | -40.6 | -1.5 |
| Line 22 | Other financial business (liabilities) | FA503192305 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Memo: | |||||||||||
| Line 23 | Total U.S. direct investment abroad(1), (2) | FA263192005 | 297.0 | 250.9 | 341.3 | 493.8 | -75.6 | 280.8 | 666.0 | 565.3 | 602.4 |
| Line 24 | Total Foreign direct investment in U.S.(1), (2) | FA263092001 | 287.5 | 280.6 | 258.7 | 147.9 | 319.2 | 327.4 | 240.2 | 368.7 | 304.2 |
Notes:
- Direct investment is presented on a directional basis and reported at market value.
- Memo totals are the sum of direct investment equity (tables F519.1.t and F519.1.s) and intercompany debt (tables F89.2.t and F89.2.s).
Last Update: September 11, 2026