Financial Accounts of the United States - Z.1
S11.1.s Nonfinancial corporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets | FL104090005 | 31429.4 | 32355.0 | 35968.4 | 32598.7 | 33919.7 | 34727.5 | 35968.4 | 36435.3 | 38029.5 |
| Line 2 | Checkable deposits and currency | FL103020005 | 1917.2 | 2336.1 | 2604.2 | 2309.4 | 2334.7 | 2401.8 | 2604.2 | 2542.7 | 2785.8 |
| Line 3 | Time and savings deposits | FL103030003 | 434.0 | 429.5 | 447.0 | 394.6 | 382.3 | 406.0 | 447.0 | 471.2 | 504.0 |
| Line 4 | Other deposits (foreign deposits) | FL103091003 | 245.8 | 215.1 | 229.0 | 225.0 | 226.3 | 208.3 | 229.0 | 227.8 | 228.9 |
| Line 5 | Debt securities | LM104022005 | 400.1 | 542.5 | 597.7 | 554.7 | 560.6 | 572.9 | 597.7 | 597.7 | 631.4 |
| Line 6 | Commercial paper | FL103069100 | 209.8 | 216.9 | 244.5 | 217.9 | 222.2 | 227.5 | 244.5 | 258.8 | 300.8 |
| Line 7 | Treasury securities | LM103061103 | 111.4 | 215.9 | 236.3 | 225.3 | 226.5 | 231.4 | 236.3 | 225.2 | 218.6 |
| Line 8 | Agency- and GSE-backed securities | LM103061703 | 37.1 | 72.0 | 77.5 | 73.5 | 74.1 | 75.7 | 77.5 | 73.9 | 71.7 |
| Line 9 | Municipal securities | LM103062003 | 24.9 | 24.3 | 25.5 | 24.2 | 24.5 | 25.2 | 25.5 | 25.6 | 26.3 |
| Line 10 | Corporate bonds (held by equity REITs) | LM123063003 | 16.8 | 13.4 | 13.8 | 13.7 | 13.3 | 13.0 | 13.8 | 14.1 | 14.0 |
| Line 11 | Loans | FL104035005 | 168.2 | 193.6 | 238.9 | 205.9 | 212.0 | 241.6 | 238.9 | 259.5 | 288.5 |
| Line 12 | Security repurchase agreements | FL102051003 | 27.0 | 50.4 | 89.8 | 60.9 | 65.1 | 92.6 | 89.8 | 109.3 | 137.5 |
| Line 13 | Consumer credit | FL103066003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 14 | Mortgages | FL103065005 | 141.2 | 143.2 | 149.1 | 145.1 | 146.9 | 149.0 | 149.1 | 150.2 | 151.0 |
| Line 15 | Corporate equities | LM103064103 | 2913.8 | 3260.5 | 3614.2 | 3077.3 | 3360.4 | 3576.8 | 3614.2 | 3403.8 | 3866.9 |
| Line 16 | U.S. direct investment abroad: equity | LM103092105 | 7583.1 | 8028.1 | 10194.6 | 8347.9 | 9167.3 | 9728.4 | 10194.6 | 10124.3 | 11072.2 |
| Line 17 | Equity in GSEs | FL103092405 | 1.9 | 2.1 | 2.2 | 2.2 | 2.1 | 2.1 | 2.2 | 2.3 | 2.2 |
| Line 18 | Money market fund shares | FL103034000 | 873.7 | 962.2 | 1098.1 | 982.1 | 991.4 | 1035.9 | 1098.1 | 1102.1 | 1119.8 |
| Line 19 | Mutual fund shares | LM103064203 | 325.2 | 405.4 | 432.2 | 392.2 | 416.6 | 432.1 | 432.2 | 416.4 | 454.3 |
| Line 20 | Trade receivables | FL103070005 | 5244.7 | 5580.4 | 5931.5 | 5744.5 | 5788.2 | 5850.3 | 5931.5 | 6198.3 | 6452.5 |
| Line 21 | U.S. direct investment abroad: intercompany debt | LM103092305 | -49.8 | -56.6 | -53.9 | -34.6 | -80.1 | -86.8 | -53.9 | -57.6 | -53.2 |
| Line 22 | Miscellaneous assets | FL103090005 | 11371.4 | 10456.3 | 10632.6 | 10397.4 | 10557.9 | 10358.2 | 10632.6 | 11146.8 | 10676.2 |
| Line 23 | Insurance receivables | FL103076005 | 520.0 | 561.7 | 589.6 | 574.1 | 581.4 | 588.7 | 589.6 | 589.4 | 603.1 |
| Line 24 | Investment in finance company affiliates | FL103094705 | 153.4 | 143.0 | 172.5 | 155.4 | 150.0 | 164.2 | 172.5 | 160.3 | 178.3 |
| Line 25 | PPP subsidies receivable | FL103072005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 26 | Tariff refund receivable | FL103090603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 141.5 | 56.4 |
| Line 27 | Other | FL103093005 | 10698.0 | 9751.7 | 9870.4 | 9668.0 | 9826.5 | 9605.3 | 9870.4 | 10255.6 | 9838.4 |
| Line 28 | Total liabilities and equity | FL104194005 | 89834.6 | 101844.4 | 113476.4 | 99160.4 | 105671.9 | 111257.4 | 113476.4 | 112224.8 | 126430.9 |
| Line 29 | Total liabilities | FL104190005 | 29653.7 | 29269.2 | 30460.9 | 29876.2 | 29967.8 | 30038.5 | 30460.9 | 31157.5 | 31695.0 |
| Line 30 | Debt securities | FL104122005 | 8355.7 | 8639.4 | 8939.3 | 8808.5 | 8824.6 | 8898.6 | 8939.3 | 9136.2 | 9190.0 |
| Line 31 | Commercial paper | FL103169100 | 218.0 | 196.3 | 210.9 | 235.9 | 253.9 | 227.7 | 210.9 | 284.4 | 256.5 |
| Line 32 | Municipal securities(1) | FL103162000 | 624.8 | 637.8 | 653.1 | 644.2 | 654.2 | 650.0 | 653.1 | 655.6 | 655.5 |
| Line 33 | Corporate bonds | FL103163005 | 7513.0 | 7805.3 | 8075.3 | 7928.4 | 7916.5 | 8020.9 | 8075.3 | 8196.2 | 8278.0 |
| Line 34 | Loans | FL104135005 | 5721.1 | 5908.8 | 6230.0 | 5912.7 | 6027.6 | 6117.5 | 6230.0 | 6382.8 | 6517.8 |
| Line 35 | Depository institution loans n.e.c. | FL103168005 | 1377.6 | 1290.6 | 1256.4 | 1215.3 | 1229.8 | 1228.2 | 1256.4 | 1332.4 | 1372.3 |
| Line 36 | Private credit loans | FL103167205 | 764.5 | 916.9 | 1087.9 | 948.7 | 990.1 | 1031.1 | 1087.9 | 1105.0 | 1120.8 |
| Line 37 | Mortgages | FL103165005 | 1351.3 | 1385.8 | 1449.3 | 1390.3 | 1407.2 | 1429.7 | 1449.3 | 1464.9 | 1479.6 |
| Line 38 | Other loans and advances(2) | FL103169005 | 2227.8 | 2315.5 | 2436.4 | 2358.5 | 2400.5 | 2428.5 | 2436.4 | 2480.6 | 2545.1 |
| Line 39 | Trade payables | FL103170005 | 3852.2 | 3901.3 | 4312.9 | 4030.8 | 4118.1 | 4238.9 | 4312.9 | 4506.4 | 4692.5 |
| Line 40 | Taxes payable | FL103178005 | 249.7 | 266.5 | 200.4 | 370.1 | 244.7 | 214.3 | 200.4 | 215.7 | 218.1 |
| Line 41 | Foreign direct investment: intercompany debt | LM103192305 | 325.8 | 340.5 | 295.8 | 333.2 | 317.7 | 304.8 | 295.8 | 309.7 | 313.7 |
| Line 42 | Miscellaneous liabilities | FL103190005 | 11149.1 | 10212.6 | 10482.4 | 10420.9 | 10435.0 | 10264.3 | 10482.4 | 10606.8 | 10762.8 |
| Line 43 | Pension fund contributions payable | FL573074005 | 77.3 | 79.5 | 82.6 | 80.0 | 80.0 | 82.1 | 82.6 | 84.8 | 88.1 |
| Line 44 | Claims of pension fund on sponsor | FL573073005 | 293.9 | -208.6 | -132.4 | 252.5 | 85.1 | -62.5 | -132.4 | -89.5 | -347.3 |
| Line 45 | Other | FL103193005 | 10777.9 | 10341.7 | 10532.2 | 10088.4 | 10269.9 | 10244.8 | 10532.2 | 10611.4 | 11022.0 |
| Line 46 | Total equity | LM103181105 | 60180.9 | 72575.2 | 83015.5 | 69284.2 | 75704.1 | 81218.9 | 83015.5 | 81067.2 | 94736.0 |
| Line 47 | Corporate equities (market value) | LM103164105 | 51751.5 | 62768.0 | 71994.9 | 59428.5 | 65333.3 | 70397.2 | 71994.9 | 70018.4 | 83050.8 |
| Line 48 | Foreign direct investment: equity | LM103192105 | 8429.4 | 9807.2 | 11020.6 | 9855.6 | 10370.7 | 10821.6 | 11020.6 | 11048.9 | 11685.1 |
| Memo: | |||||||||||
| Line 49 | Total liquid assets(3) | FL104001005 | 7136.8 | 8201.6 | 9112.2 | 7996.2 | 8337.4 | 8726.3 | 9112.2 | 8871.0 | 9728.5 |
| Line 50 | Total short-term liabilities(4) | FL104150005 | 8689.8 | 8887.1 | 9504.9 | 9159.3 | 9237.1 | 9368.7 | 9504.9 | 9924.4 | 10205.3 |
| Line 51 | Liquid assets/short-term liabilities (percent) | FL104001006 | 82.1 | 92.3 | 95.9 | 87.3 | 90.3 | 93.1 | 95.9 | 89.4 | 95.3 |
| Line 52 | Short-term debt/total debt (percent)(5) | FL104140006 | 32.6 | 32.4 | 32.9 | 32.3 | 32.8 | 32.7 | 32.9 | 33.5 | 33.7 |
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 the other loans and advances table (F4.6.s).
- Sum of lines checkable deposits and currency, time and savings deposits, other deposits (foreign deposits), debt securities, security repurchase agreements, corporate equities, money market fund shares, mutual fund shares.
- Sum of lines 30, 34, 36, 37, and 38. 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 36. Total debt is the sum of lines 29 and 33.
Last Update: September 11, 2026