Financial Accounts of the United States - Z.1
L.103 Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2016 | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 17085.6 | 17998.3 | 19132.2 | 20838.9 | 19766.6 | 20072.5 | 20400.0 | 20838.9 | 21167.0 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 97.6 | 216.6 | 106.3 | 116.7 | 107.7 | 119.8 | 102.2 | 116.7 | 97.8 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 967.9 | 951.7 | 1189.7 | 1269.6 | 1067.8 | 1182.3 | 1398.8 | 1269.6 | 1490.4 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 189.0 | 181.3 | 187.2 | 199.9 | 201.2 | 203.8 | 184.8 | 199.9 | 275.2 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 463.9 | 499.5 | 466.1 | 558.3 | 472.6 | 492.2 | 528.7 | 558.3 | 666.4 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 90.3 | 39.6 | 14.6 | 11.8 | 12.1 | 10.3 | 10.2 | 11.8 | 23.6 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 206.7 | 236.0 | 253.2 | 326.0 | 254.1 | 278.8 | 322.0 | 326.0 | 362.4 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 132.5 | 123.7 | 162.1 | 246.0 | 159.2 | 192.9 | 241.6 | 246.0 | 255.0 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 41.2 | 71.3 | 54.4 | 45.4 | 57.0 | 50.1 | 45.9 | 45.4 | 66.3 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 13.7 | 23.8 | 18.1 | 15.1 | 19.0 | 16.7 | 15.3 | 15.1 | 22.1 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 19.3 | 17.2 | 18.5 | 19.3 | 18.9 | 19.1 | 19.2 | 19.3 | 19.0 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 68.8 | 71.6 | 73.8 | 73.8 | 72.9 | 73.4 | 73.9 | 73.8 | 77.2 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 29.8 | 32.2 | 34.2 | 34.2 | 34.5 | 34.7 | 35.0 | 34.2 | 38.7 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 38.9 | 39.4 | 39.6 | 39.6 | 38.5 | 38.7 | 38.9 | 39.6 | 38.5 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1711.5 | 1948.3 | 1791.2 | 2290.8 | 2021.3 | 2093.9 | 2114.7 | 2290.8 | 1828.5 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 258.1 | 303.0 | 270.9 | 327.3 | 298.4 | 308.2 | 309.8 | 327.3 | 276.2 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 2952.3 | 3113.2 | 3509.6 | 3588.9 | 3553.0 | 3623.8 | 3624.2 | 3588.9 | 3534.2 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 5467.9 | 6684.0 | 5503.4 | 6539.1 | 6004.8 | 6219.4 | 6101.5 | 6539.1 | 5015.8 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 4611.7 | 3753.5 | 5766.2 | 5536.8 | 5700.6 | 5466.6 | 5629.2 | 5536.8 | 7519.2 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 351.7 | 365.6 | 377.1 | 392.3 | 378.7 | 383.9 | 386.2 | 392.3 | 394.6 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 0.9 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.4 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 98.2 | 110.7 | 113.2 | 112.5 | 114.7 | 112.7 | 112.1 | 112.5 | 111.3 | 22 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 4160.9 | 3276.0 | 5274.7 | 5030.6 | 5205.9 | 4968.8 | 5129.6 | 5030.6 | 7011.9 | 23 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 23694.2 | 25309.1 | 26326.6 | 29725.4 | 27997.8 | 28534.9 | 28886.7 | 29725.4 | 28754.3 | 24 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 5837.8 | 6158.3 | 6298.6 | 6559.5 | 6437.4 | 6514.8 | 6589.7 | 6559.5 | 6781.6 | 25 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 180.8 | 206.7 | 196.5 | 195.3 | 241.1 | 236.6 | 216.6 | 195.3 | 244.1 | 26 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 553.4 | 566.9 | 562.6 | 577.0 | 565.4 | 569.0 | 569.4 | 577.0 | 579.8 | 27 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5103.6 | 5384.7 | 5539.5 | 5787.2 | 5630.9 | 5709.2 | 5803.6 | 5787.2 | 5957.7 | 28 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 2532.2 | 2695.4 | 3145.0 | 3332.5 | 3230.6 | 3268.3 | 3303.1 | 3332.5 | 3765.9 | 29 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 966.4 | 918.8 | 988.8 | 1011.5 | 1000.0 | 1009.4 | 1005.6 | 1011.5 | 1337.9 | 30 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1102.1 | 1387.6 | 1725.8 | 1854.1 | 1775.8 | 1799.4 | 1826.8 | 1854.1 | 1946.0 | 31 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 463.7 | 389.0 | 430.3 | 466.9 | 454.7 | 459.4 | 470.6 | 466.9 | 482.1 | 32 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2288.3 | 2369.7 | 2690.4 | 2774.4 | 2678.8 | 2724.7 | 2758.9 | 2774.4 | 2693.0 | 33 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 66.1 | 277.2 | 266.7 | 251.9 | 276.9 | 245.3 | 255.9 | 251.9 | 273.3 | 34 |
| Nonfinancial corporate business; foreign direct investment in U.S. (market value); liability | LM103192005 | 5493.4 | 6552.9 | 6302.2 | 7978.6 | 7121.6 | 7414.3 | 7469.1 | 7978.6 | 6289.8 | 35 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 7476.4 | 7255.5 | 7623.8 | 8828.5 | 8252.5 | 8367.5 | 8510.1 | 8828.5 | 8950.8 | 36 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 100.1 | 119.3 | 131.5 | 142.1 | 135.0 | 137.1 | 140.0 | 142.1 | 150.1 | 37 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 582.3 | 294.6 | 465.3 | 48.7 | 262.5 | 181.0 | 156.4 | 48.7 | 401.3 | 38 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6794.0 | 6841.7 | 7027.1 | 8637.7 | 7855.0 | 8049.4 | 8213.6 | 8637.7 | 8399.3 | 39 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 24702.4 | 28902.1 | 26666.3 | 33623.0 | 30511.8 | 31302.9 | 31393.2 | 33623.0 | 26587.6 | 40 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 3985.0 | 4375.9 | 4279.1 | 5100.4 | 4435.2 | 4689.2 | 4971.1 | 5100.4 | 5020.6 | 41 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 4603.8 | 5160.0 | 5868.2 | 6087.2 | 5972.7 | 6015.4 | 6063.9 | 6087.2 | 6494.1 | 42 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 86.56 | 84.80 | 72.92 | 83.79 | 74.26 | 77.95 | 81.98 | 83.79 | 77.31 | 43 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 26.87 | 28.38 | 30.83 | 30.94 | 31.21 | 31.13 | 30.82 | 30.94 | 33.45 | 44 |
NOTES
- Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.
- 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 15 and 16.
- Sum of lines 26, 30, 31, 33, and 34. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
- Short-term debt is the sum of lines 26, 30, and 31. Total debt is the sum of lines 25 and 29.
Last Update: June 11, 2020