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 | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 19128.1 | 20842.7 | 22746.2 | 20394.6 | 20842.7 | 21049.2 | 21847.4 | 22428.0 | 22746.2 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 106.3 | 116.6 | 147.4 | 102.2 | 116.6 | 99.2 | 130.0 | 137.4 | 147.4 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1189.7 | 1270.7 | 1687.7 | 1398.8 | 1270.7 | 1469.7 | 1830.4 | 1741.6 | 1687.7 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 187.2 | 196.0 | 270.0 | 184.8 | 196.0 | 286.2 | 303.5 | 265.0 | 270.0 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 466.1 | 558.3 | 916.1 | 528.7 | 558.3 | 916.4 | 962.2 | 927.5 | 916.1 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 14.6 | 12.2 | 26.6 | 10.2 | 12.2 | 24.4 | 29.7 | 28.5 | 26.6 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 253.2 | 328.3 | 399.1 | 322.0 | 328.3 | 364.5 | 380.1 | 388.6 | 399.1 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 162.1 | 244.9 | 287.4 | 241.6 | 244.9 | 253.6 | 249.5 | 272.5 | 287.4 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 54.4 | 48.0 | 68.9 | 45.9 | 48.0 | 68.9 | 83.3 | 72.3 | 68.9 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 18.1 | 16.0 | 23.0 | 15.3 | 16.0 | 23.0 | 27.8 | 24.1 | 23.0 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 18.5 | 19.3 | 19.8 | 19.2 | 19.3 | 19.0 | 19.4 | 19.7 | 19.8 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 70.7 | 72.5 | 75.2 | 71.3 | 72.5 | 72.1 | 72.8 | 73.8 | 75.2 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 34.2 | 36.7 | 39.4 | 36.1 | 36.7 | 37.4 | 38.0 | 38.7 | 39.4 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 36.5 | 35.8 | 35.8 | 35.2 | 35.8 | 34.7 | 34.8 | 35.1 | 35.8 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1791.9 | 2313.7 | 2694.7 | 2130.8 | 2313.7 | 1852.0 | 2222.5 | 2411.8 | 2694.7 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 270.9 | 327.3 | 374.4 | 309.8 | 327.3 | 276.2 | 319.4 | 339.1 | 374.4 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 3512.7 | 3597.2 | 3558.5 | 3627.9 | 3597.2 | 3528.5 | 3361.0 | 3553.8 | 3558.5 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 5438.6 | 6514.5 | 7044.9 | 6070.9 | 6514.5 | 4979.3 | 5809.9 | 6105.9 | 7044.9 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 5826.3 | 5535.3 | 5551.6 | 5637.3 | 5535.3 | 7180.8 | 6425.8 | 6455.2 | 5551.6 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 377.0 | 392.0 | 430.8 | 385.9 | 392.0 | 395.6 | 404.0 | 416.5 | 430.8 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.2 | 1.3 | 1.4 | 1.2 | 1.3 | 1.4 | 1.3 | 1.3 | 1.4 | 21 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FL103094105 | 113.2 | 112.5 | 105.8 | 112.1 | 112.5 | 111.3 | 107.8 | 103.8 | 105.8 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 0.0 | 259.3 | 0.0 | 0.0 | 0.0 | 97.7 | 236.4 | 259.3 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 5334.9 | 5029.5 | 4754.2 | 5138.0 | 5029.5 | 6672.5 | 5815.0 | 5697.1 | 4754.2 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 26072.4 | 29696.2 | 32618.6 | 28662.8 | 29696.2 | 28824.4 | 30366.1 | 31235.6 | 32618.6 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6302.8 | 6571.9 | 7256.8 | 6586.9 | 6571.9 | 6811.6 | 7175.4 | 7219.1 | 7256.8 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 196.5 | 194.5 | 132.1 | 216.3 | 194.5 | 243.1 | 166.1 | 122.2 | 132.1 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 563.1 | 577.2 | 583.1 | 569.9 | 577.2 | 579.9 | 581.1 | 582.2 | 583.1 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5543.2 | 5800.1 | 6541.6 | 5800.7 | 5800.1 | 5988.5 | 6428.2 | 6514.7 | 6541.6 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3355.4 | 3554.9 | 3888.4 | 3512.3 | 3554.9 | 3986.3 | 4022.5 | 3867.9 | 3888.4 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1015.0 | 1036.6 | 1129.9 | 1032.1 | 1036.6 | 1368.1 | 1362.5 | 1165.1 | 1129.9 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1726.9 | 1855.7 | 2043.4 | 1826.8 | 1855.7 | 1945.7 | 1977.4 | 2010.4 | 2043.4 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 613.5 | 662.6 | 715.1 | 653.3 | 662.6 | 672.5 | 682.6 | 692.4 | 715.1 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2690.4 | 2771.2 | 2817.4 | 2758.9 | 2771.2 | 2678.3 | 2571.3 | 2772.6 | 2817.4 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 266.7 | 251.4 | 262.2 | 255.9 | 251.4 | 274.3 | 297.9 | 258.6 | 262.2 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S. (market value); liability | LM103192005 | 6215.8 | 8145.2 | 9666.7 | 7402.7 | 8145.2 | 6590.9 | 7744.1 | 8395.0 | 9666.7 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 7241.4 | 8401.6 | 8727.0 | 8146.1 | 8401.6 | 8483.1 | 8554.9 | 8722.4 | 8727.0 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 83.8 | 76.5 | 86.1 | 83.8 | 87.0 | 83.0 | 80.0 | 76.5 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 590.0 | 175.7 | 147.1 | 288.2 | 175.7 | 531.1 | 335.2 | 273.0 | 147.1 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6566.7 | 8142.0 | 8503.3 | 7771.8 | 8142.0 | 7865.0 | 8136.7 | 8369.4 | 8503.3 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 26543.9 | 33676.5 | 41553.2 | 31324.0 | 33676.5 | 27003.0 | 33391.3 | 36712.0 | 41553.2 | 41 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 4279.9 | 5123.2 | 6516.0 | 4987.2 | 5123.2 | 5288.6 | 6177.8 | 6239.4 | 6516.0 | 42 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 5895.4 | 6109.4 | 6385.1 | 6090.1 | 6109.4 | 6509.5 | 6375.3 | 6328.9 | 6385.1 | 43 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 72.60 | 83.86 | 102.05 | 81.89 | 83.86 | 81.24 | 96.90 | 98.59 | 102.05 | 44 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 30.42 | 30.48 | 29.66 | 30.45 | 30.48 | 32.94 | 31.31 | 29.74 | 29.66 | 45 |
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 27, 31, 32, 34, and 35. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.
- Short-term debt is the sum of lines 27, 31, and 32. Total debt is the sum of lines 26 and 30.
Last Update: April 1, 2021