Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: June 6, 2013
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F.105.c Consolidated Statement for Federal, State, and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2007
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Q1
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2013
Q1

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Consolidated governments; current receipts, NIPA basis 4197.0 4051.6 3705.3 3906.8 4086.1 4284.9 4260.1 4259.3 4272.0 4348.3 4586.7 1
Consolidated governments; personal current taxes 1488.7 1435.7 1144.6 1194.8 1398.0 1480.4 1450.8 1465.2 1476.5 1529.1 1604.4 2
Consolidated governments; taxes on production and imports, receivable (IMA) 1027.2 1038.6 1023.2 1055.0 1097.9 1130.0 1128.5 1130.9 1128.4 1132.2 1144.9 3
Consolidated governments; taxes on corporate income (accrual basis) 420.6 281.0 245.9 349.5 351.8 420.5 425.9 414.4 423.9 417.8 405.6 4
Federal government; taxes from the rest of the world 14.7 18.8 14.8 15.1 15.9 17.3 15.4 16.9 17.1 19.9 19.1 5
Consolidated governments; contributions for government social insurance received 964.2 992.1 968.1 988.2 923.8 956.1 947.1 949.0 953.3 974.8 1106.4 6
Consolidated governments; property income (received) 144.2 137.5 143.1 141.8 141.7 138.8 140.3 139.0 138.0 137.7 158.1 7
Consolidated governments; other current transfers received 149.2 163.9 181.2 181.9 183.7 176.0 184.2 178.1 170.4 171.3 188.0 8
Consolidated governments; operating surplus, net -11.8 -16.0 -15.6 -19.5 -26.5 -34.0 -32.0 -34.1 -35.5 -34.5 -39.8 9
Consolidated governments; current expenditures 4430.0 4737.3 5047.9 5304.4 5425.5 5488.2 5446.5 5498.3 5499.2 5508.7 5485.2 10
Consolidated governments; consumption expenditures 2217.8 2381.0 2460.3 2552.0 2579.5 2590.5 2586.9 2580.3 2618.7 2575.9 2567.1 11
Consolidated governments; social contributions paid 1701.2 1857.9 2116.5 2253.4 2291.4 2347.0 2320.4 2337.1 2359.9 2370.5 2401.4 12
Consolidated governments; other current transfers paid 42.2 45.3 53.5 54.7 58.7 58.4 59.7 58.4 59.3 56.0 59.4 13
Consolidated governments; interest paid 414.3 400.2 357.9 387.4 434.2 431.5 418.6 461.5 400.7 445.4 396.3 14
Consolidated governments; subsidies paid 54.6 52.9 59.7 57.0 61.6 60.8 60.8 61.0 60.6 60.9 60.9 15
Consolidated governments; wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16
Consolidated governments; net saving including net capital transfers paid -233.0 -685.7 -1342.6 -1397.7 -1339.4 -1203.2 -1186.4 -1239.0 -1227.2 -1160.4 -898.5 17
Consolidated governments; consumption of fixed capital, equipment, software, and structures, current cost basis 291.3 311.2 323.5 333.5 349.4 363.9 359.0 362.8 365.6 368.4 371.7 18
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability 0.1 -0.6 0.5 -1.7 -0.4 -1.4 -2.7 -0.1 -1.3 -1.7 -2.2 19
Households and nonprofit organizations; adjustment to contributions for government social insurance paid for U.S. affiliated areas 4.7 4.8 5.0 4.9 4.4 4.6 4.6 4.6 4.6 4.7 5.3 20
Consolidated governments; net capital transfers paid excluding payments under the financial stabilization program -2.6 3.0 14.9 28.1 28.3 21.8 14.5 11.8 13.9 47.2 16.4 21
Consolidated governments; gross saving less net capital transfers paid 56.1 -381.7 -1039.3 -1095.4 -1022.3 -864.3 -843.8 -892.6 -878.8 -842.2 -546.4 22
Consolidated governments; gross investment 53.2 -449.1 -971.9 -998.7 -983.3 -733.3 -1198.4 -710.5 -311.6 -712.9 -868.3 23
Consolidated governments; gross fixed investment 456.5 497.2 506.9 505.5 480.2 472.3 467.6 473.4 474.5 473.7 456.5 24
Consolidated governments; acquisition of nonproduced nonfinancial assets (net) 12.5 -5.1 5.6 11.8 11.4 11.6 10.7 10.8 12.8 12.2 12.1 25
Consolidated governments; net lending (+) or borrowing (-) (financial account) -415.8 -941.2 -1484.4 -1516.0 -1474.9 -1217.3 -1676.7 -1194.8 -798.9 -1198.8 -1336.9 26
Consolidated governments; total financial assets 74.3 527.9 166.9 278.2 -253.9 20.6 -146.2 195.4 20.7 12.5 141.1 27
Federal government; U.S. official reserve assets -0.4 4.2 51.9 1.6 16.2 4.3 4.6 13.0 3.1 -3.7 -3.0 28
Consolidated governments; checkable deposits and currency; asset 24.9 321.6 -155.1 154.5 -240.9 -2.1 -130.5 88.5 -34.0 67.6 4.7 29
Consolidated governments; total time and savings deposits; asset 34.4 17.6 9.6 -6.8 15.0 22.1 3.5 36.3 41.7 7.1 4.6 30
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 17.3 -3.3 8.9 7.9 -3.3 -7.0 -3.9 -4.5 -6.3 -13.3 1.3 31
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset 6.4 -15.7 -3.8 -5.1 -8.3 -5.5 -3.1 -3.6 -5.0 -10.5 1.1 32
Consolidated governments; credit market instruments; asset 66.3 -58.4 198.8 127.5 -38.7 37.8 -22.9 72.3 104.8 -3.1 168.0 33
State and local governments, excluding employee retirement funds; commercial paper; asset -15.8 -81.9 -73.2 60.2 23.9 -6.0 -3.4 -3.9 -5.4 -11.3 1.1 34
Consolidated governments; agency- and GSE-backed securities; asset 43.9 18.3 110.9 -62.5 -165.1 -53.9 -161.7 -20.9 -5.0 -28.3 20.5 35
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 1.6 -0.1 0.9 0.8 -0.2 -0.6 -0.3 -0.4 -0.5 -1.1 0.1 36
Consolidated governments; corporate and foreign bonds; asset 14.2 -11.4 3.6 2.0 -7.0 -7.6 -4.3 -4.9 -7.1 -14.3 1.3 37
Consolidated governments; total mortgages; asset 19.3 0.1 17.0 -6.0 -2.8 -5.5 -0.7 -4.1 -5.1 -12.2 9.3 38
Federal government; consumer credit, student loans; asset 6.0 11.3 74.3 130.2 108.7 109.4 135.8 99.0 135.5 67.2 131.9 39
Consolidated governments; other loans and advances; asset -2.9 5.2 65.2 2.7 4.0 2.1 11.6 7.4 -7.6 -3.1 3.8 40
Consolidated governments; corporate equities; asset -1.9 263.9 11.0 8.5 33.7 -27.2 -57.7 -10.3 -29.4 -11.4 -26.0 41
State and local governments, excluding employee retirement funds; mutual fund shares; asset 1.2 15.6 -7.9 -4.9 -2.0 -7.2 -19.5 4.0 -10.1 -3.3 9.6 42
Consolidated governments; trade receivables; asset -11.3 -18.1 -39.7 -20.1 -4.9 2.4 -5.2 6.9 6.0 1.9 -13.0 43
Consolidated governments; taxes receivable; asset -32.7 -59.8 29.2 29.9 36.6 52.6 81.5 25.4 48.4 55.1 51.1 44
Consolidated governments; total miscellaneous assets -30.0 60.3 64.1 -14.8 -57.3 -49.5 7.2 -32.8 -98.4 -74.0 -57.2 45
Consolidated governments; total liabilities 490.1 1469.2 1651.3 1794.2 1221.0 1237.9 1530.6 1390.1 819.6 1211.3 1478.1 46
Federal government; special drawing rights (SDRs) allocations; liability 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47
Monetary authority; SDR certificates issued by federal government; asset 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48
Federal government; Treasury currency; liability -0.7 -0.8 -0.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49
Consolidated governments; credit market instruments; liability 346.7 1317.8 1535.0 1656.9 1067.8 1142.4 1437.4 1249.1 694.3 1188.9 1269.6 50
Federal government; U.S. savings bonds; liability -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 -1.5 -2.4 -2.2 -4.9 -2.7 51
Federal government; Treasury securities, excluding U.S. savings bonds and Treasury securities held by state and local governments; liability 207.0 1302.9 1425.5 1590.8 1123.0 1151.2 1443.9 1159.3 699.2 1302.6 1219.4 52
Federal government; budget agency securities; liability -0.4 0.2 0.1 0.7 1.1 -0.4 -3.3 0.1 -0.3 1.9 -1.0 53
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 146.0 17.1 112.2 68.7 -53.6 -5.7 -1.6 92.0 -2.4 -110.7 53.9 54
Federal government; multifamily residential mortgages; liability 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55
Consolidated governments; trade payables; liability 66.4 61.8 -16.5 46.2 49.0 49.7 55.9 21.6 62.1 59.3 29.5 56
Federal government; life insurance reserves; liability 1.2 1.0 1.1 0.9 1.3 0.3 0.5 1.5 -0.2 -0.5 0.2 57
Federal government; total miscellaneous liabilities, including nonmarketable government securities held by federal government retirement funds 76.6 89.5 81.4 90.6 102.9 45.5 36.8 118.0 63.4 -36.4 178.8 58
Consolidated governments; sector discrepancy 2.9 67.4 -67.4 -96.8 -39.0 -131.0 354.6 -182.1 -567.2 -129.3 321.9 59
Consolidated governments; net government saving less fixed investment -689.5 -1182.9 -1849.5 -1903.2 -1819.6 -1675.6 -1654.0 -1712.5 -1701.7 -1634.1 -1355.0 60
Consolidated governments; adjustment between NIPA and FOF 273.6 241.7 365.1 387.2 344.7 458.3 -22.7 517.7 902.9 435.3 18.1 61
Consolidated governments; items to be financed -415.8 -941.2 -1484.4 -1516.0 -1474.9 -1217.3 -1676.7 -1194.8 -798.9 -1198.8 -1336.9 62


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