B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2019 2020 2021 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 Line
Nonfinancial corporate business; total assets FL102000005 47083.6 49002.0 53934.6 49706.7 50758.8 52265.2 53934.6 54754.9 54777.4 1
Nonfinancial corporate business; nonfinancial assets LM102010005 24601.6 25691.3 28580.4 25983.0 26594.1 27548.4 28580.4 29134.8 29273.0 2
Nonfinancial corporate business; real estate at market value LM105035005 13913.4 14656.6 16621.0 14726.0 15171.5 15916.0 16621.0 16749.7 16478.5 3
Nonfinancial corporate business; equipment, current cost basis LM105015205 5254.9 5355.7 5635.4 5421.4 5414.9 5509.6 5635.4 5772.0 5926.5 4
Nonfinancial corporate business; nonresidential intellectual property products, current cost basis LM105013765 2790.1 3013.0 3219.9 3051.3 3105.8 3159.8 3219.9 3295.1 3387.3 5
Nonfinancial corporate business; inventories excluding IVA, current cost basis LM105020015 2643.2 2666.1 3104.2 2784.2 2901.9 2963.0 3104.2 3318.0 3480.7 6
Nonfinancial corporate business; total financial assets FL104090005 22481.9 23310.7 25354.1 23723.7 24164.6 24716.8 25354.1 25620.2 25504.4 7
Nonfinancial corporate business; private foreign deposits; asset FL103091003 131.0 133.8 152.3 159.4 188.7 155.9 152.3 176.0 156.7 8
Nonfinancial corporate business; checkable deposits and currency; asset FL103020000 1308.3 1742.2 1872.7 1646.2 1613.4 1822.4 1872.7 1756.4 1654.8 9
Nonfinancial corporate business; total time and savings deposits; asset FL103030003 201.5 280.7 267.6 269.2 273.5 297.6 267.6 249.2 233.9 10
Nonfinancial corporate business; money market fund shares; asset FL103034000 589.9 712.1 813.1 747.0 761.1 769.3 813.1 784.6 776.2 11
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 13.4 36.7 24.7 25.0 32.8 26.5 24.7 27.2 22.4 12
Nonfinancial corporate business; debt securities; asset LM104022005 326.6 361.4 386.7 328.7 371.3 372.2 386.7 353.7 384.9 13
Nonfinancial corporate business; commercial paper; asset FL103069100 217.6 247.9 253.5 229.6 265.9 250.3 253.5 220.2 246.1 14
Nonfinancial corporate business; Treasury securities; asset LM103061103 63.6 72.9 87.6 62.2 66.7 79.2 87.6 88.7 93.0 15
Nonfinancial corporate business; agency- and GSE-backed securities; asset LM103061703 21.2 24.3 29.2 20.7 22.2 26.4 29.2 29.6 31.0 16
Nonfinancial corporate business; municipal securities; asset LM103062003 24.2 16.3 16.4 16.2 16.5 16.3 16.4 15.3 14.8 17
Nonfinancial corporate business; loans; asset FL104023005 72.2 80.3 87.0 80.7 82.4 84.4 87.0 87.6 89.6 18
Nonfinancial corporate business; total mortgages; asset FL103065003 36.4 44.4 51.1 46.0 47.7 49.4 51.1 52.9 54.8 19
Nonfinancial corporate business; consumer credit; asset FL103066005 35.8 35.8 35.8 34.7 34.7 35.0 35.8 34.7 34.8 20
Nonfinancial corporate business; corporate equities; asset LM103064103 2317.7 2543.2 3123.8 2675.3 2868.1 2849.0 3123.8 2943.3 2433.3 21
Nonfinancial corporate business; mutual fund shares; asset LM103064203 326.4 376.4 433.9 390.8 415.3 415.1 433.9 409.0 358.9 22
Nonfinancial corporate business; trade receivables; asset FL103070005 4053.2 3917.0 4516.0 4042.4 4185.8 4304.0 4516.0 4725.4 4907.3 23
Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) LM103092005 6329.3 6782.8 8058.4 7185.7 7749.6 7688.2 8058.4 7572.5 6490.7 24
Nonfinancial corporate business; total miscellaneous assets FL103090005 6812.4 6344.2 5618.1 6173.3 5622.5 5932.1 5618.1 6535.1 7995.7 25
Nonfinancial corporate business; total liabilities FL104190005 22974.3 23013.7 23852.9 23142.0 23101.2 23404.8 23852.9 24358.5 24715.0 26
Nonfinancial corporate business; debt securities; liability FL104122005 6622.0 7276.1 7492.1 7411.9 7442.1 7512.0 7492.1 7587.3 7541.8 27
Nonfinancial corporate business; commercial paper; liability FL103169100 194.5 132.2 138.2 144.0 132.0 122.4 138.2 188.7 188.0 28
Nonfinancial corporate business; municipal securities; liability (2) FL103162000 599.3 604.2 615.0 605.7 610.5 612.8 615.0 618.7 622.2 29
Nonfinancial corporate business; corporate bonds; liability (1) FL103163003 5828.1 6539.7 6738.9 6662.2 6699.6 6776.8 6738.9 6779.8 6731.5 30
Nonfinancial corporate business; loans; liability FL104123005 3705.0 4121.0 4503.6 4200.1 4183.6 4277.2 4503.6 4794.3 5018.5 31
Nonfinancial corporate business; depository institution loans n.e.c.; liability FL103168005 1029.8 1182.8 1144.3 1191.0 1102.0 1062.0 1144.3 1288.8 1407.1 32
Nonfinancial corporate business; other loans and advances; liability FL103169005 1837.6 2025.7 2330.1 2081.2 2124.2 2218.7 2330.1 2441.2 2492.2 33
Nonfinancial corporate business; total mortgages; liability FL103165005 837.6 912.6 1029.2 927.9 957.4 996.5 1029.2 1064.3 1119.3 34
Nonfinancial corporate business; trade payables; liability FL103170005 2920.5 2762.9 3261.8 2793.2 2925.9 3045.6 3261.8 3359.0 3518.9 35
Nonfinancial corporate business; total taxes payable; liability FL103178005 259.9 270.5 248.3 272.0 248.6 247.6 248.3 301.9 258.9 36
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) LM103192305 392.2 325.1 329.8 332.4 305.0 316.7 329.8 334.7 327.0 37
Nonfinancial corporate business; total miscellaneous liabilities FL103190005 9074.8 8258.1 8017.3 8132.6 7996.0 8005.8 8017.3 7981.3 8049.9 38
Nonfinancial corporate business; net worth FL102090005 24109.2 25988.3 30081.7 26564.7 27657.6 28860.3 30081.7 30396.4 30062.4 39
Nonfinancial corporate business; corporate equities; liability LM103164103 33680.5 42498.0 51407.7 44980.2 48275.9 48154.5 51407.7 48028.8 39312.5 40
Nonfinancial corporate business; public corporate equities; liability (equal to total before 1996q4) LM103164113 27633.9 35190.0 43527.8 37141.3 40271.8 40119.1 43527.8 40660.3 33145.8 41
Nonfinancial corporate business; closely held corporate equities; liability LM103164123 6046.6 7308.0 7879.9 7838.9 8004.1 8035.5 7879.9 7368.6 6166.7 42
Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) LM103192105 7496.1 8670.3 11194.7 9215.4 10018.8 10080.8 11194.7 10604.0 8758.9 43
Nonfinancial corporate business; corporate equities as a percentage of net worth (3) FL103164106 170.79 196.89 208.11 204.01 210.77 201.78 208.11 192.89 159.91 44
Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (3) FL104104016 25.08 22.27 19.16 21.43 19.94 20.24 19.16 21.12 26.13 45
Nonfinancial corporate business; debt as a percentage of net worth (market value) (3) FL104104006 42.83 43.85 39.88 43.71 42.03 40.85 39.88 40.73 41.78 46
Nonfinancial corporate business; total assets at historical cost FL102000115 39080.4 40069.6 42923.2 40706.6 41315.6 42080.7 42923.2 43528.1 43653.8 47
Nonfinancial corporate business; nonfinancial assets at historical cost FL102010115 16598.5 16758.9 17569.1 16982.8 17151.0 17364.0 17569.1 17907.9 18149.4 48
Nonfinancial corporate business; real estate, historical cost basis FL105035045 6597.2 6704.9 6848.4 6747.1 6772.0 6808.2 6848.4 6892.2 6914.4 49
Nonfinancial corporate business; nonresidential equipment, historical cost basis FL105013213 5058.9 5145.8 5296.4 5184.5 5224.1 5260.3 5296.4 5338.2 5377.3 50
Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis FL105013715 2592.9 2743.9 2939.3 2789.1 2838.1 2888.1 2939.3 2992.0 3047.9 51
Nonfinancial corporate business; inventories, historical cost basis (SOI) FL105020000 2349.6 2164.3 2485.0 2262.1 2316.8 2407.2 2485.0 2685.5 2809.8 52
Nonfinancial corporate business; net worth at historical cost FL102090115 16106.1 17055.9 19070.4 17564.5 18214.4 18675.9 19070.4 19169.6 18938.8 53
Nonfinancial corporate business; residential structures, historical cost basis FL105012613 115.7 122.0 130.0 123.9 125.9 127.9 130.0 132.1 134.2 54
Nonfinancial corporate business; nonresidential structures, historical cost basis FL105013613 5782.2 5962.3 6112.1 5999.2 6036.3 6073.5 6112.1 6152.8 6192.0 55

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. Debt is calculated as the sum of debt securities (line 27) and loans (line 31). The ratios on line 44 and 45 use the sum of corporate equities (line 40) and foreign direct investment: equity (line 43).
Last Update: September 9, 2022