B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2020 2021 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 Line
Nonfinancial corporate business; total assets FL102000005 49147.1 54528.3 49960.4 51035.7 52717.2 54528.3 54742.0 54988.8 55499.5 1
Nonfinancial corporate business; nonfinancial assets LM102010005 25869.2 29133.7 26243.5 26842.7 28161.8 29133.7 29226.9 29633.9 30247.1 2
Nonfinancial corporate business; real estate at market value LM105035005 14787.3 16936.4 14878.7 15281.8 16340.3 16936.4 16604.8 16598.2 17035.2 3
Nonfinancial corporate business; equipment, current cost basis LM105015205 5344.8 5785.0 5470.1 5490.8 5619.0 5785.0 5924.2 6085.5 6201.0 4
Nonfinancial corporate business; nonresidential intellectual property products, current cost basis LM105013765 3066.8 3302.3 3105.9 3162.0 3233.5 3302.3 3381.6 3474.2 3562.3 5
Nonfinancial corporate business; inventories excluding IVA, current cost basis LM105020015 2670.4 3110.0 2788.8 2908.2 2969.0 3110.0 3316.3 3476.0 3448.6 6
Nonfinancial corporate business; total financial assets FL104090005 23277.9 25394.6 23716.9 24193.0 24555.4 25394.6 25515.1 25354.9 25252.4 7
Nonfinancial corporate business; private foreign deposits; asset FL103091003 135.0 158.8 161.0 193.6 160.4 158.8 184.4 156.1 152.8 8
Nonfinancial corporate business; checkable deposits and currency; asset FL103020000 1740.9 1882.2 1706.7 1693.5 1835.3 1882.2 1830.4 1706.0 1520.9 9
Nonfinancial corporate business; total time and savings deposits; asset FL103030003 278.1 276.8 275.0 281.3 307.3 276.8 270.4 266.1 281.0 10
Nonfinancial corporate business; money market fund shares; asset FL103034000 712.1 813.1 747.0 761.1 769.3 813.1 784.6 776.2 781.3 11
Nonfinancial corporate business; security repurchase agreements; asset FL102051003 37.0 25.1 22.3 36.2 27.0 25.1 27.8 22.8 20.5 12
Nonfinancial corporate business; debt securities; asset LM104022005 364.3 384.0 334.5 362.5 370.3 384.0 360.7 384.1 344.8 13
Nonfinancial corporate business; commercial paper; asset FL103069100 250.9 253.0 235.5 269.1 250.1 253.0 229.0 245.4 210.0 14
Nonfinancial corporate business; Treasury securities; asset LM103061103 72.9 85.9 62.1 57.7 77.9 85.9 87.3 92.9 90.5 15
Nonfinancial corporate business; agency- and GSE-backed securities; asset LM103061703 24.3 28.6 20.7 19.2 26.0 28.6 29.1 31.0 30.2 16
Nonfinancial corporate business; municipal securities; asset LM103062003 16.3 16.4 16.2 16.5 16.3 16.4 15.3 14.7 14.1 17
Nonfinancial corporate business; loans; asset FL104023005 80.3 87.0 80.7 82.4 84.4 87.0 87.6 89.6 91.8 18
Nonfinancial corporate business; total mortgages; asset FL103065003 44.4 51.1 46.0 47.7 49.4 51.1 52.9 54.8 56.8 19
Nonfinancial corporate business; consumer credit; asset FL103066005 35.8 35.8 34.7 34.7 35.0 35.8 34.7 34.8 35.0 20
Nonfinancial corporate business; corporate equities; asset LM103064103 2543.2 3124.4 2675.0 2868.1 2849.3 3124.4 2944.1 2434.3 2280.1 21
Nonfinancial corporate business; mutual fund shares; asset LM103064203 376.7 446.6 394.2 422.1 425.0 446.6 424.1 375.4 360.3 22
Nonfinancial corporate business; trade receivables; asset FL103070005 3916.2 4468.3 4068.5 4213.1 4300.5 4468.3 4669.1 4862.5 4819.9 23
Nonfinancial corporate business; U.S. direct investment abroad (market value); asset (1) LM103092005 6782.8 8058.4 7185.7 7749.6 7688.2 8058.4 7545.5 6411.6 5819.1 24
Nonfinancial corporate business; total miscellaneous assets FL103090005 6311.3 5670.0 6066.2 5529.4 5738.4 5670.0 6386.5 7870.5 8780.0 25
Nonfinancial corporate business; total liabilities FL104190005 22998.5 24089.3 23192.5 23342.1 23631.8 24089.3 24617.1 25081.9 25188.2 26
Nonfinancial corporate business; debt securities; liability FL104122005 7277.3 7492.7 7412.2 7442.1 7512.9 7492.7 7587.9 7542.7 7551.2 27
Nonfinancial corporate business; commercial paper; liability FL103169100 132.2 138.2 144.0 132.0 122.4 138.2 188.7 188.1 199.1 28
Nonfinancial corporate business; municipal securities; liability (2) FL103162000 604.5 615.0 605.9 610.7 612.9 615.0 618.8 622.2 616.7 29
Nonfinancial corporate business; corporate bonds; liability (1) FL103163003 6540.6 6739.4 6662.3 6699.4 6777.6 6739.4 6780.3 6732.4 6735.5 30
Nonfinancial corporate business; loans; liability FL104123005 4121.1 4513.2 4201.7 4187.4 4283.1 4513.2 4803.7 5028.5 5139.6 31
Nonfinancial corporate business; depository institution loans n.e.c.; liability FL103168005 1182.8 1144.4 1191.0 1102.1 1062.1 1144.4 1288.9 1404.5 1459.2 32
Nonfinancial corporate business; other loans and advances; liability FL103169005 2025.7 2330.2 2081.3 2124.3 2218.8 2330.2 2441.3 2493.0 2512.4 33
Nonfinancial corporate business; total mortgages; liability FL103165005 912.6 1038.6 929.4 961.1 1002.2 1038.6 1073.5 1131.1 1168.1 34
Nonfinancial corporate business; trade payables; liability FL103170005 2764.6 3216.5 2817.2 2927.4 3031.5 3216.5 3351.6 3520.0 3509.7 35
Nonfinancial corporate business; total taxes payable; liability FL103178005 275.4 251.5 277.3 253.6 252.8 251.5 305.0 265.9 261.8 36
Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) LM103192305 325.1 329.8 332.4 305.0 316.7 329.8 313.7 315.4 324.6 37
Nonfinancial corporate business; total miscellaneous liabilities FL103190005 8235.1 8285.7 8151.6 8226.6 8234.9 8285.7 8255.2 8409.4 8401.2 38
Nonfinancial corporate business; net worth FL102090005 26148.6 30439.0 26768.0 27693.6 29085.4 30439.0 30124.9 29906.9 30311.3 39
Nonfinancial corporate business; corporate equities; liability LM103164103 42498.0 51408.0 44980.3 48277.7 48151.5 51408.0 48188.9 39427.4 37736.5 40
Nonfinancial corporate business; public corporate equities; liability (equal to total before 1996q4) LM103164113 35190.0 43527.7 37141.3 40271.8 40119.1 43527.7 40660.4 33128.8 31510.6 41
Nonfinancial corporate business; closely held corporate equities; liability LM103164123 7308.0 7880.2 7839.0 8005.9 8032.5 7880.2 7528.5 6298.7 6225.9 42
Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) LM103192105 8670.3 11194.7 9215.4 10018.8 10080.8 11194.7 10619.5 8857.6 8468.8 43
Nonfinancial corporate business; corporate equities as a percentage of net worth (3) FL103164106 195.68 205.67 202.46 210.51 200.21 205.67 195.22 161.45 152.44 44
Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (3) FL104104016 22.28 19.18 21.43 19.95 20.26 19.18 21.07 26.04 27.47 45
Nonfinancial corporate business; debt as a percentage of net worth (market value) (3) FL104104006 43.59 39.44 43.39 41.99 40.56 39.44 41.13 42.03 41.87 46
Nonfinancial corporate business; total assets at historical cost FL102000115 40019.8 42966.5 40687.1 41351.6 41913.9 42966.5 43437.8 43526.5 43661.1 47
Nonfinancial corporate business; nonfinancial assets at historical cost FL102010115 16741.9 17571.9 16970.2 17158.6 17358.5 17571.9 17922.8 18171.6 18408.7 48
Nonfinancial corporate business; real estate, historical cost basis FL105035045 6717.3 6865.1 6758.0 6798.0 6819.5 6865.1 6917.1 6945.4 7001.1 49
Nonfinancial corporate business; nonresidential equipment, historical cost basis FL105013213 5101.4 5233.0 5130.7 5164.1 5197.4 5233.0 5275.4 5315.7 5359.9 50
Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis FL105013715 2763.0 2978.2 2813.9 2868.2 2923.0 2978.2 3035.2 3094.3 3153.1 51
Nonfinancial corporate business; inventories, historical cost basis (SOI) FL105020000 2160.3 2495.6 2267.5 2328.4 2418.6 2495.6 2695.1 2816.1 2894.6 52
Nonfinancial corporate business; net worth at historical cost FL102090115 17021.3 18877.2 17494.6 18009.5 18282.1 18877.2 18820.8 18444.5 18472.9 53
Nonfinancial corporate business; residential structures, historical cost basis FL105012613 122.2 130.1 124.2 126.2 128.1 130.1 132.2 134.2 135.9 54
Nonfinancial corporate business; nonresidential structures, historical cost basis FL105013613 5974.3 6144.9 6015.3 6057.6 6100.6 6144.9 6192.9 6239.8 6288.0 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: December 9, 2022