B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2018 2019 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 Line
Nonfinancial corporate business; total assets FL102000005 42475.9 45686.4 43625.7 44669.5 45448.7 45686.4 46017.7 46764.7 47181.4 1
Nonfinancial corporate business; nonfinancial assets LM102010005 23347.8 24843.6 23864.7 24602.9 25054.1 24843.6 24968.5 25015.0 24989.6 2
Nonfinancial corporate business; real estate at market value LM105035005 13065.0 14163.5 13431.5 14085.0 14464.0 14163.5 14262.9 14341.4 14206.5 3
Nonfinancial corporate business; equipment, current cost basis LM105015205 5108.3 5288.7 5172.5 5216.0 5248.4 5288.7 5325.7 5330.7 5351.2 4
Nonfinancial corporate business; nonresidential intellectual property products, current cost basis LM105013765 2604.2 2771.0 2662.6 2711.4 2749.5 2771.0 2816.0 2868.9 2903.9 5
Nonfinancial corporate business; inventories excluding IVA, current cost basis LM105020015 2570.3 2620.4 2598.2 2590.5 2592.1 2620.4 2563.8 2474.1 2528.0 6
Nonfinancial corporate business; total financial assets FL104090005 19128.1 20842.7 19760.9 20066.6 20394.6 20842.7 21049.2 21749.7 22191.9 7
Nonfinancial corporate business; private foreign deposits; asset FL103091003 106.3 116.6 107.7 119.8 102.2 116.6 99.2 130.0 137.4 8
Nonfinancial corporate business; checkable deposits and currency; asset FL103020000 1189.7 1270.7 1067.8 1182.3 1398.8 1270.7 1469.7 1830.4 1741.6 9
Nonfinancial corporate business; total time and savings deposits; asset FL103030003 187.2 196.0 201.2 203.8 184.8 196.0 286.2 303.5 265.0 10
Nonfinancial corporate business; money market fund shares; asset FL103034000 466.1 558.3 472.6 492.2 528.7 558.3 916.4 962.2 927.2 11
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 14.6 12.2 12.1 10.3 10.2 12.2 24.4 29.7 28.5 12
Nonfinancial corporate business; debt securities; asset LM104022005 253.2 328.3 254.1 278.8 322.0 328.3 364.5 380.1 388.6 13
Nonfinancial corporate business; commercial paper; asset FL103069100 162.1 244.9 159.2 192.9 241.6 244.9 253.6 249.5 272.5 14
Nonfinancial corporate business; Treasury securities; asset LM103061103 54.4 48.0 57.0 50.1 45.9 48.0 68.9 83.3 72.3 15
Nonfinancial corporate business; agency- and GSE-backed securities; asset LM103061703 18.1 16.0 19.0 16.7 15.3 16.0 23.0 27.8 24.1 16
Nonfinancial corporate business; municipal securities; asset LM103062003 18.5 19.3 18.9 19.1 19.2 19.3 19.0 19.4 19.7 17
Nonfinancial corporate business; loans; asset FL104023005 73.8 76.3 73.3 74.1 75.0 76.3 75.8 76.7 77.6 18
Nonfinancial corporate business; total mortgages; asset FL103065003 34.2 36.7 34.8 35.4 36.1 36.7 37.4 38.0 38.7 19
Nonfinancial corporate business; consumer credit; asset FL103066005 39.6 39.6 38.5 38.7 38.9 39.6 38.5 38.7 38.9 20
Nonfinancial corporate business; corporate equities; asset LM103064103 1791.5 2313.0 2026.5 2104.2 2130.1 2313.0 1851.3 2221.7 2410.9 21
Nonfinancial corporate business; mutual fund shares; asset LM103064203 270.9 327.3 298.4 308.2 309.8 327.3 276.2 319.4 339.1 22
Nonfinancial corporate business; trade receivables, including Paycheck Protection Program subsidies receivable; asset FL103070005 3509.6 3593.4 3553.0 3623.8 3624.2 3593.4 3524.7 3454.8 3786.8 23
Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) LM103092005 5438.6 6514.5 5943.1 6178.3 6070.9 6514.5 4979.3 5818.9 6106.0 24
Nonfinancial corporate business; total miscellaneous assets FL103090005 5826.7 5536.1 5751.2 5490.8 5637.9 5536.1 7181.5 6222.3 5983.4 25
Nonfinancial corporate business; total liabilities FL104190005 26072.4 29696.2 27738.0 28283.5 28662.8 29696.2 28824.4 30366.1 31235.6 26
Nonfinancial corporate business; debt securities; liability FL104122005 6297.0 6557.3 6434.9 6513.4 6588.0 6557.3 6783.2 7132.1 7169.8 27
Nonfinancial corporate business; commercial paper; liability FL103169100 196.5 194.5 241.1 236.6 216.3 194.5 243.1 166.1 122.2 28
Nonfinancial corporate business; municipal securities; liability (2) FL103162000 563.1 577.2 565.7 569.3 569.8 577.2 579.9 581.0 582.3 29
Nonfinancial corporate business; corporate bonds; liability (1) FL103163003 5537.4 5785.6 5628.1 5707.5 5801.9 5785.6 5960.2 6385.1 6465.3 30
Nonfinancial corporate business; loans; liability FL104123005 3302.4 3491.5 3377.7 3420.9 3452.8 3491.5 3922.2 3921.4 3733.2 31
Nonfinancial corporate business; depository institution loans n.e.c.; liability FL103168005 990.3 1009.8 1001.5 1010.9 1005.6 1009.8 1339.8 1334.3 1140.1 32
Nonfinancial corporate business; other loans and advances; liability FL103169005 1726.9 1855.7 1776.8 1800.1 1826.8 1855.7 1945.6 1936.0 1929.9 33
Nonfinancial corporate business; total mortgages; liability FL103165005 585.2 626.0 599.4 609.9 620.5 626.0 636.8 651.1 663.2 34
Nonfinancial corporate business; trade payables; liability FL103170005 2690.4 2771.2 2678.8 2724.7 2758.9 2771.2 2678.3 2571.3 2772.6 35
Nonfinancial corporate business; total taxes payable; liability FL103178005 266.7 251.4 276.9 245.3 255.9 251.4 274.3 297.9 258.6 36
Nonfinancial corporate business; foreign direct investment in U.S. (market value); liability LM103192005 6215.8 8145.2 7022.1 7307.6 7402.7 8145.2 6590.9 7768.8 8484.0 37
Nonfinancial corporate business; total miscellaneous liabilities FL103190005 7300.1 8479.5 7947.5 8071.6 8204.4 8479.5 8575.5 8674.6 8817.4 38
Nonfinancial corporate business; net worth FL102090005 16403.6 15990.2 15887.7 16386.0 16785.9 15990.2 17193.2 16398.6 15945.9 39
Nonfinancial corporate business; residential structures, current cost basis LM105012665 242.8 248.7 244.1 245.2 247.1 248.7 251.0 252.2 258.8 40
Nonfinancial corporate business; nonresidential structures, current cost basis LM105013665 9620.1 9945.9 9723.0 9839.0 9901.3 9945.9 10011.5 10001.0 10028.6 41
Nonfinancial corporate business; corporate equities; liability LM103164103 26826.8 34068.9 30780.4 31570.6 31670.2 34068.9 27286.6 34032.9 37389.1 42
Nonfinancial corporate business; debt as a percentage of net worth (market value) (3) FL104104006 43.43 42.61 43.83 42.89 42.45 42.61 45.71 46.32 45.22 43
Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (3) FL104104016 35.78 29.50 31.88 31.47 31.70 29.50 39.23 32.48 29.16 44
Nonfinancial corporate business; corporate equities as a percentage of net worth (3) FL103164106 121.37 144.45 137.49 136.31 133.89 144.45 116.51 142.61 155.06 45
Nonfinancial corporate business; total assets at historical cost FL102000115 34893.2 37287.3 35757.5 36218.8 36755.4 37287.3 37630.3 38417.1 38936.8 46
Nonfinancial corporate business; nonfinancial assets at historical cost FL102010115 15765.1 16444.6 15996.5 16152.2 16360.8 16444.6 16581.0 16667.3 16745.0 47
Nonfinancial corporate business; real estate, historical cost basis FL105035045 6247.3 6500.9 6304.4 6366.7 6433.7 6500.9 6561.4 6614.2 6650.5 48
Nonfinancial corporate business; nonresidential equipment, historical cost basis FL105013213 4894.1 5079.1 4946.1 4993.3 5037.4 5079.1 5110.6 5119.5 5151.8 49
Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis FL105013715 2415.2 2571.0 2453.8 2492.9 2532.4 2571.0 2609.3 2642.0 2676.8 50
Nonfinancial corporate business; inventories, historical cost basis (SOI) FL105020000 2208.4 2293.6 2292.2 2299.3 2357.3 2293.6 2299.7 2291.7 2265.8 51
Nonfinancial corporate business; net worth at historical cost FL102090115 8820.8 7591.2 8019.5 7935.3 8092.6 7591.2 8805.8 8050.9 7701.2 52
Nonfinancial corporate business; residential structures, historical cost basis FL105012613 110.0 115.6 111.3 112.7 114.1 115.6 117.1 118.4 120.1 53
Nonfinancial corporate business; nonresidential structures, historical cost basis FL105013613 5519.0 5759.8 5578.3 5638.6 5699.9 5759.8 5818.5 5865.9 5909.1 54

NOTES

  1. Through 1992, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.
  2. 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.
  3. Adjusted net worth is calculated as net worth at market value (line 39) less the equity portion of foreign direct investment in the United States at market value (part of line 37). Debt is calculated as the sum of debt securities (line 27) and loans (line 31). Equities are shown on line 42.
Last Update: December 10, 2020