Corporate America Has Amassed a Record Amount of Cash

(Bloomberg) -- Corporate America has never been in better shape to put its cash hoard to use on everything from investment to acquisitions, share buybacks and dividends. Or just hold on to it.

Non-financial companies’ liquid assets, which include foreign deposits, currency as well as money-market and mutual fund shares, reached a record of almost $2.3 trillion in the second quarter, according to Federal Reserve data released Thursday. That’s up nearly 60 percent since the recession ended in mid-2009.

--With assistance from Christopher Condon

To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net.

To contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Randall Woods, Vince Golle