Financial Accounts of the United States - Z.1
F.103 Nonfinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj | FA106060005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1 |
| Nonfinancial corporate business; taxes on corporate income | FA106231005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2 |
| Nonfinancial corporate business; net dividends paid | FA106121075 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | FA105020601 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4 |
| Nonfinancial corporate business; capital consumption allowance (1) | FA106300015 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5 |
| Nonfinancial corporate business; foreign earnings retained abroad | FA106006065 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 6 |
| Nonfinancial corporate business; net capital transfers paid (2) | FA105440005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 7 |
| Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid | FA106000105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 8 |
| Nonfinancial corporate business; gross investment | FA105090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9 |
| Nonfinancial corporate business; total capital expenditures | FA105050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10 |
| Nonfinancial corporate business; gross fixed investment (3) | FA105019005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 11 |
| Nonfinancial corporate business; inventories including IVA | FA105020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 13 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | FA105000005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 14 |
| Nonfinancial corporate business; total financial assets | FA104090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 16 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FA103020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 17 |
| Nonfinancial corporate business; total time and savings deposits; asset | FA103030003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 18 |
| Nonfinancial corporate business; money market fund shares; asset | FA103034000 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 19 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 20 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 21 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 22 |
| Nonfinancial corporate business; Treasury securities; asset | FA103061103 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 23 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 24 |
| Nonfinancial corporate business; municipal securities; asset | FA103062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 25 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | FA123063003 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 26 |
| Nonfinancial corporate business; loans; asset | FA104023005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 27 |
| Nonfinancial corporate business; total mortgages; asset | FA103065005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 28 |
| Nonfinancial corporate business; consumer credit; asset | FA103066005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 29 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FA103092305 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 30 |
| Nonfinancial corporate business; corporate equities; asset | FA103064103 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 31 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FA103092105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 32 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FA103092405 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 33 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 34 |
| Nonfinancial corporate business; trade receivables; asset | FA103070005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 35 |
| Nonfinancial corporate business; total miscellaneous assets | FA103090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 36 |
| Nonfinancial corporate business; total liabilities and equity | FA104194005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 37 |
| Nonfinancial corporate business; total liabilities | FA104190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 38 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 39 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 40 |
| Nonfinancial corporate business; municipal securities; liability (4) | FA103162000 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 41 |
| Nonfinancial corporate business; corporate bonds; liability | FA103163005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 42 |
| Nonfinancial corporate business; loans; liability | FA104123005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 43 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FA103168005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 44 |
| Nonfinancial corporate business; other loans and advances; liability (5) | FA103169005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 45 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 46 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA103192305 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 47 |
| Nonfinancial corporate business; trade payables; liability | FA103170005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 48 |
| Nonfinancial corporate business; total taxes payable; liability | FA103178005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 49 |
| Nonfinancial corporate business; total miscellaneous liabilities | FA103190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 50 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 51 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FA573073005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 52 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FA103193005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 53 |
| Nonfinancial corporate business; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability | FA103181105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 54 |
| Nonfinancial corporate business; corporate equities; liability | FA103164105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 55 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FA103192105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 56 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 57 |
| Nonfinancial corporate business; difference between capital expenditures and gross savings less net capital transfers paid, excluding foreign earnings retained abroad (financing gap) (6) | FA105005305 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 58 |
NOTES
- Consumption of fixed capital plus the capital consumption adjustment.
- Table F.5, line 61.
- Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 10 and 15 respectively.
- 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 F.216.
- The financing gap is the difference between capital expenditures (line 10) and gross savings less net capital transfers paid less foreign earnings retained abroad (line 8 minus line 6).
Last Update: February 23, 2024