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 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total financial assets | FL104090005 | 19112.5 | 22481.9 | 23310.7 | 25357.1 | 23723.7 | 24173.8 | 24703.6 | 25357.1 | 25491.2 | 1 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 106.3 | 131.0 | 133.8 | 153.3 | 159.4 | 192.6 | 157.1 | 153.3 | 169.6 | 2 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020000 | 1174.3 | 1308.3 | 1742.2 | 1887.3 | 1696.2 | 1636.0 | 1839.2 | 1887.3 | 1841.7 | 3 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 187.2 | 201.5 | 280.7 | 276.0 | 277.2 | 281.5 | 305.7 | 276.0 | 265.5 | 4 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 481.5 | 589.9 | 712.1 | 813.1 | 747.0 | 761.1 | 769.3 | 813.1 | 784.6 | 5 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 14.6 | 13.4 | 36.7 | 29.4 | 25.0 | 33.8 | 28.4 | 29.4 | 32.3 | 6 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 253.2 | 326.6 | 361.4 | 356.9 | 328.7 | 367.6 | 346.2 | 356.9 | 324.1 | 7 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 162.1 | 217.6 | 247.9 | 244.9 | 229.6 | 261.0 | 243.2 | 244.9 | 216.0 | 8 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 54.4 | 63.6 | 72.9 | 71.7 | 62.2 | 67.6 | 64.9 | 71.7 | 69.6 | 9 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 18.1 | 21.2 | 24.3 | 23.9 | 20.7 | 22.5 | 21.6 | 23.9 | 23.2 | 10 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 18.5 | 24.2 | 16.3 | 16.4 | 16.2 | 16.5 | 16.3 | 16.4 | 15.3 | 11 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 70.7 | 72.2 | 80.3 | 87.0 | 80.7 | 82.4 | 84.4 | 87.0 | 87.6 | 12 |
| Nonfinancial corporate business; total mortgages; asset | FL103065003 | 34.2 | 36.4 | 44.4 | 51.1 | 46.0 | 47.7 | 49.4 | 51.1 | 52.9 | 13 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 36.5 | 35.8 | 35.8 | 35.8 | 34.7 | 34.8 | 35.0 | 35.8 | 34.7 | 14 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 1789.9 | 2317.7 | 2543.2 | 3100.6 | 2664.2 | 2853.2 | 2831.0 | 3100.6 | 2918.2 | 15 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 269.9 | 326.4 | 376.4 | 433.9 | 390.8 | 415.3 | 415.1 | 433.9 | 409.0 | 16 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 3512.7 | 4053.2 | 3917.0 | 4505.2 | 4042.4 | 4208.4 | 4329.6 | 4505.2 | 4706.7 | 17 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) | LM103092005 | 5411.8 | 6365.2 | 6885.4 | 8145.0 | 7279.3 | 7800.3 | 7739.8 | 8145.0 | 7805.8 | 18 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 5840.5 | 6776.4 | 6241.7 | 5569.6 | 6032.7 | 5541.6 | 5857.9 | 5569.6 | 6146.1 | 19 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FL103076005 | 377.0 | 392.0 | 414.0 | 448.2 | 424.0 | 432.0 | 449.2 | 448.2 | 451.7 | 20 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.2 | 1.3 | 1.4 | 1.5 | 1.5 | 1.5 | 1.4 | 1.5 | 1.9 | 21 |
| Nonfinancial corporate business; other investment in finance company subsidiaries; asset | FL103094705 | 113.2 | 112.5 | 109.5 | 94.6 | 109.4 | 99.6 | 93.8 | 94.6 | 92.8 | 22 |
| Nonfinancial corporate business; Paycheck Protection Program receivables due from federal government; asset | FL103072005 | 0.0 | 0.0 | 244.4 | 72.6 | 201.4 | 162.0 | 118.1 | 72.6 | 45.9 | 23 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FL103093005 | 5349.1 | 6270.6 | 5472.4 | 4952.7 | 5296.4 | 4846.5 | 5195.5 | 4952.7 | 5553.9 | 24 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 20371.9 | 22974.3 | 23013.7 | 24083.9 | 23142.0 | 23288.2 | 23598.8 | 24083.9 | 24583.4 | 25 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6333.0 | 6602.6 | 7232.0 | 7427.8 | 7366.0 | 7381.1 | 7447.4 | 7427.8 | 7520.8 | 26 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 196.5 | 194.5 | 132.2 | 138.2 | 144.0 | 132.0 | 122.4 | 138.2 | 188.5 | 27 |
| Nonfinancial corporate business; municipal securities; liability (2) | FL103162000 | 579.4 | 595.5 | 600.8 | 611.7 | 602.2 | 607.1 | 609.4 | 611.7 | 615.6 | 28 |
| Nonfinancial corporate business; corporate bonds; liability (1) | FL103163003 | 5557.1 | 5812.6 | 6499.0 | 6677.8 | 6619.8 | 6642.0 | 6715.5 | 6677.8 | 6716.6 | 29 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 3336.5 | 3705.1 | 4114.8 | 4492.0 | 4193.4 | 4176.1 | 4268.9 | 4492.0 | 4705.4 | 30 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1000.2 | 1029.8 | 1182.8 | 1144.3 | 1191.0 | 1102.0 | 1062.0 | 1144.3 | 1206.3 | 31 |
| Nonfinancial corporate business; other loans and advances; liability (3) | FL103169005 | 1709.8 | 1837.7 | 2025.8 | 2330.0 | 2081.3 | 2124.3 | 2218.8 | 2330.0 | 2440.4 | 32 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 626.5 | 837.6 | 906.3 | 1017.6 | 921.1 | 949.8 | 988.1 | 1017.6 | 1058.8 | 33 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 2690.4 | 2920.5 | 2762.9 | 3252.9 | 2793.2 | 2906.8 | 3026.1 | 3252.9 | 3348.8 | 34 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 266.7 | 259.9 | 270.5 | 242.2 | 272.0 | 247.8 | 246.8 | 242.2 | 300.3 | 35 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 408.2 | 410.7 | 366.9 | 328.1 | 347.4 | 313.8 | 323.8 | 328.1 | 367.5 | 36 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 7337.2 | 9075.5 | 8266.6 | 8341.0 | 8170.0 | 8262.5 | 8285.7 | 8341.0 | 8340.5 | 37 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 80.1 | 69.8 | 58.1 | 67.3 | 64.0 | 61.2 | 58.1 | 56.8 | 38 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 601.7 | 404.8 | 218.9 | 12.8 | 206.6 | 77.8 | 127.6 | 12.8 | 237.0 | 39 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FL103193005 | 6650.8 | 8590.6 | 7977.9 | 8270.2 | 7896.1 | 8120.7 | 8096.9 | 8270.2 | 8046.7 | 40 |
| Nonfinancial corporate business; corporate equities; liability | LM103164103 | 26543.6 | 33680.5 | 42498.0 | 51470.2 | 44982.3 | 48282.7 | 48161.2 | 51470.2 | 48113.1 | 41 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 5813.2 | 7498.2 | 8712.1 | 11191.5 | 9237.5 | 10010.2 | 10052.7 | 11191.5 | 10559.9 | 42 |
| Nonfinancial corporate business; liquid assets (broad measure) (4) | FL104001005 | 4276.8 | 5214.8 | 6186.3 | 7050.3 | 6288.6 | 6541.1 | 6692.0 | 7050.3 | 6744.9 | 43 |
| Nonfinancial corporate business; total short-term liabilities (5) | FL104150005 | 5863.5 | 6242.4 | 6374.1 | 7107.6 | 6481.5 | 6512.9 | 6676.2 | 7107.6 | 7484.3 | 44 |
| Nonfinancial corporate business; liquid assets as a percentage of short-term liabilties | FL104001006 | 72.94 | 83.54 | 97.05 | 99.19 | 97.02 | 100.43 | 100.24 | 99.19 | 90.12 | 45 |
| Nonfinancial corporate business; short-term debt as a percentage of total debt (6) | FL104140006 | 30.06 | 29.71 | 29.44 | 30.31 | 29.55 | 29.06 | 29.05 | 30.31 | 31.37 | 46 |
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: June 9, 2022