Financial Accounts of the United States - Z.1
S11.1.s Nonfinancial corporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets | FL104090005 | 31436.7 | 32693.3 | 36674.2 | 32693.3 | 33061.9 | 34519.0 | 35369.7 | 36674.2 | 37734.2 |
| Line 2 | Checkable deposits and currency | FL103020005 | 1917.2 | 2217.8 | 2484.7 | 2217.8 | 2195.5 | 2223.9 | 2274.3 | 2484.7 | 2433.9 |
| Line 3 | Time and savings deposits | FL103030003 | 434.0 | 413.3 | 424.1 | 413.3 | 381.0 | 363.3 | 387.6 | 424.1 | 452.4 |
| Line 4 | Other deposits (foreign deposits) | FL103091003 | 245.8 | 205.1 | 213.9 | 205.1 | 214.6 | 210.9 | 195.1 | 213.9 | 211.4 |
| Line 5 | Debt securities | LM104022005 | 400.1 | 389.3 | 434.8 | 389.3 | 400.0 | 396.3 | 410.9 | 434.8 | 432.1 |
| Line 6 | Commercial paper | FL103069100 | 209.8 | 190.3 | 207.3 | 190.3 | 191.2 | 184.8 | 191.8 | 207.3 | 217.0 |
| Line 7 | Treasury securities | LM103061103 | 111.4 | 120.2 | 141.8 | 120.2 | 128.3 | 130.5 | 135.8 | 141.8 | 132.4 |
| Line 8 | Agency- and GSE-backed securities | LM103061703 | 37.1 | 40.1 | 46.0 | 40.1 | 41.5 | 42.2 | 44.0 | 46.0 | 42.9 |
| Line 9 | Municipal securities | LM103062003 | 24.9 | 25.3 | 25.8 | 25.3 | 25.3 | 25.5 | 26.3 | 25.8 | 25.7 |
| Line 10 | Corporate bonds (held by equity REITs) | LM123063003 | 16.8 | 13.4 | 13.8 | 13.4 | 13.7 | 13.3 | 13.0 | 13.8 | 14.1 |
| Line 11 | Loans | FL104035005 | 168.2 | 190.8 | 218.7 | 190.8 | 199.5 | 197.4 | 222.5 | 218.7 | 230.3 |
| Line 12 | Security repurchase agreements | FL102051003 | 27.0 | 45.7 | 75.2 | 45.7 | 54.3 | 52.3 | 77.2 | 75.2 | 87.7 |
| 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 | 145.1 | 143.5 | 145.1 | 145.2 | 145.1 | 145.4 | 143.5 | 142.6 |
| Line 15 | Corporate equities | LM103064103 | 2913.8 | 3260.5 | 3585.9 | 3260.5 | 3070.9 | 3347.1 | 3555.7 | 3585.9 | 3370.4 |
| Line 16 | U.S. direct investment abroad: equity | LM103092105 | 7627.6 | 8105.3 | 10353.9 | 8105.3 | 8460.7 | 9283.8 | 9838.1 | 10353.9 | 10718.1 |
| Line 17 | Equity in GSEs | FL103092405 | 1.9 | 2.1 | 2.2 | 2.1 | 2.2 | 2.1 | 2.1 | 2.2 | 2.3 |
| Line 18 | Money market fund shares | FL103034000 | 873.7 | 962.2 | 1098.1 | 962.2 | 982.1 | 991.4 | 1035.9 | 1098.1 | 1102.1 |
| Line 19 | Mutual fund shares | LM103064203 | 325.2 | 405.4 | 432.2 | 405.4 | 392.2 | 416.6 | 432.1 | 432.2 | 416.4 |
| Line 20 | Trade receivables | FL103070005 | 5244.7 | 5386.8 | 5800.8 | 5386.8 | 5550.9 | 5659.5 | 5724.7 | 5800.8 | 6044.5 |
| Line 21 | U.S. direct investment abroad: intercompany debt | LM103092305 | -56.4 | -62.5 | -72.7 | -62.5 | -36.7 | -83.4 | -102.6 | -72.7 | -54.6 |
| Line 22 | Miscellaneous assets | FL103090005 | 11340.7 | 11217.3 | 11697.8 | 11217.3 | 11249.0 | 11510.1 | 11393.3 | 11697.8 | 12374.9 |
| Line 23 | Insurance receivables | FL103076005 | 520.0 | 561.7 | 593.6 | 561.7 | 575.0 | 583.3 | 591.6 | 593.6 | 593.3 |
| Line 24 | Investment in finance company affiliates | FL103094705 | 153.4 | 143.0 | 172.5 | 143.0 | 155.4 | 150.0 | 164.2 | 172.5 | 160.3 |
| 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 | 0.0 | 141.5 |
| Line 27 | Other | FL103093005 | 10667.3 | 10512.7 | 10931.7 | 10512.7 | 10518.6 | 10776.8 | 10637.5 | 10931.7 | 11479.8 |
| Line 28 | Total liabilities and equity | FL104194005 | 92801.8 | 106619.7 | 119157.9 | 106619.7 | 102919.5 | 110385.7 | 116678.5 | 119157.9 | 117876.2 |
| Line 29 | Total liabilities | FL104190005 | 29646.0 | 29929.5 | 31173.3 | 29929.5 | 30230.5 | 30430.1 | 30606.0 | 31173.3 | 31907.4 |
| Line 30 | Debt securities | FL104122005 | 8254.2 | 8518.1 | 8788.0 | 8518.1 | 8684.5 | 8682.2 | 8749.8 | 8788.0 | 8982.9 |
| Line 31 | Commercial paper | FL103169100 | 218.0 | 196.3 | 217.2 | 196.3 | 235.9 | 253.9 | 229.9 | 217.2 | 291.3 |
| Line 32 | Municipal securities(1) | FL103162000 | 624.2 | 637.2 | 652.6 | 637.2 | 643.6 | 653.6 | 649.4 | 652.6 | 655.0 |
| Line 33 | Corporate bonds | FL103163005 | 7412.1 | 7684.6 | 7918.2 | 7684.6 | 7805.0 | 7774.7 | 7870.5 | 7918.2 | 8036.6 |
| Line 34 | Loans | FL104135005 | 5102.9 | 5161.2 | 5353.5 | 5161.2 | 5140.4 | 5220.4 | 5287.8 | 5353.5 | 5510.8 |
| Line 35 | Depository institution loans n.e.c. | FL103168005 | 1223.5 | 1135.8 | 1102.5 | 1135.8 | 1061.7 | 1075.6 | 1074.3 | 1102.5 | 1184.8 |
| Line 36 | Mortgages | FL103165005 | 1351.2 | 1386.9 | 1454.2 | 1386.9 | 1392.3 | 1411.1 | 1434.3 | 1454.2 | 1475.6 |
| Line 37 | Other loans and advances(2) | FL103169005 | 2528.1 | 2638.5 | 2796.9 | 2638.5 | 2686.4 | 2733.7 | 2779.2 | 2796.9 | 2850.4 |
| Line 38 | Trade payables | FL103170005 | 3852.2 | 3934.0 | 4341.8 | 3934.0 | 4063.5 | 4158.4 | 4268.3 | 4341.8 | 4523.2 |
| Line 39 | Taxes payable | FL103178005 | 249.7 | 241.9 | 184.2 | 241.9 | 341.7 | 223.9 | 196.7 | 184.2 | 193.6 |
| Line 40 | Foreign direct investment: intercompany debt | LM103192305 | 315.1 | 353.7 | 315.9 | 353.7 | 363.5 | 345.7 | 318.9 | 315.9 | 313.4 |
| Line 41 | Miscellaneous liabilities | FL103190005 | 11871.9 | 11720.5 | 12189.9 | 11720.5 | 11636.9 | 11799.5 | 11784.5 | 12189.9 | 12383.6 |
| Line 42 | Pension fund contributions payable | FL573074005 | 77.3 | 81.2 | 84.6 | 81.2 | 81.9 | 82.4 | 83.9 | 84.6 | 85.7 |
| Line 43 | Claims of pension fund on sponsor | FL573073005 | 293.9 | 192.0 | 94.0 | 192.0 | 278.1 | 168.3 | 82.3 | 94.0 | 196.0 |
| Line 44 | Other | FL103193005 | 11500.7 | 11447.3 | 12011.3 | 11447.3 | 11276.9 | 11548.8 | 11618.2 | 12011.3 | 12101.9 |
| Line 45 | Total equity | LM103181105 | 63155.7 | 76690.2 | 87984.6 | 76690.2 | 72689.0 | 79955.6 | 86072.6 | 87984.6 | 85968.8 |
| Line 46 | Corporate equities (market value) | LM103164105 | 51744.1 | 62708.8 | 71863.1 | 62708.8 | 59379.9 | 65268.9 | 70266.2 | 71863.1 | 69511.6 |
| Line 47 | Foreign direct investment: equity | LM103192105 | 11411.6 | 13981.4 | 16121.5 | 13981.4 | 13309.1 | 14686.7 | 15806.4 | 16121.5 | 16457.2 |
| Memo: | |||||||||||
| Line 48 | Total liquid assets(3) | FL104001005 | 7136.8 | 7899.3 | 8748.7 | 7899.3 | 7690.5 | 8001.7 | 8368.7 | 8748.7 | 8506.4 |
| Line 49 | Total short-term liabilities(4) | FL104150005 | 8071.5 | 8146.6 | 8642.6 | 8146.6 | 8389.2 | 8445.4 | 8548.3 | 8642.6 | 9043.2 |
| Line 50 | Liquid assets/short-term liabilities (percent) | FL104001006 | 88.4 | 97.0 | 101.2 | 97.0 | 91.7 | 94.7 | 97.9 | 101.2 | 94.1 |
| Line 51 | Short-term debt/total debt (percent)(5) | FL104140006 | 29.7 | 29.0 | 29.1 | 29.0 | 28.8 | 29.2 | 29.1 | 29.1 | 29.9 |
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 2 through 5 and lines 12, 15, 18, and 19.
- 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: June 11, 2026