'Cash Is Still King': Nonfinancial Firms Still Hoarding Record Levels Of Dough

'Cash Is Still King': Nonfinancial Firms Hold Record Amounts Of It

U.S. companies are holding more cash in the bank than at any point on record, underscoring persistent worries about financial markets and about the sustainability of the economic recovery.

The Federal Reserve reported Thursday that nonfinancial companies had socked away $1.84 trillion in cash and other liquid assets as of the end of March, up 26% from a year earlier and the largest-ever increase in records going back to 1952. Cash made up about 7% of all company assets, including factories and financial investments, the highest level since 1963.

Popular in the Community

Close

What's Hot