The U.S. Internal Revenue Service estimates that as of 2009, U.S. nonfinancial companies had $4.8 trillion in liquid assets, a figure that dwarfs the $1.7 trillion in such assets shown in the Federal Reserve's flow of funds as of March of this year, according to Reuters. The article argues that the IRS data are more accurate before they reflect companies' worldwide holdings, while the Fed tracks only the domestic economy. It calculates that companies are holding 11.3% of their assets in cash.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
