| For immediate release |
|
The Board of Governors of the Federal Reserve System today announced that it will include in future issues of the Flow of Funds Accounts of the United States (Z.1 release) supplementary tables that combine the assets and liabilities of all government entities in the United States. The title of the new tables is Consolidated Statement for Federal, State, and Local Governments and they will be numbered F.106.c for financial flows and L.106.c for outstanding amounts of financial assets and liabilities at the end of the periods shown. Copies of the new tables as they would have appeared in the most recent release of the Flow of Funds Accounts, dated December 11, 1998, are attached. The release will continue to show separately the assets and liabilities of the federal government and state and local governments.
The inclusion of table F.106.c and table L.106.c is motivated by the IMF's Special Data Dissemination Standards (SDDS), which were established in 1996 to provide guidance on the dissemination of economic and financial data for countries that have, or might seek, access to international capital markets. The United States is a subscriber to the IMF's SDDS. The Flow of Funds Accounts of the United States is updated after about ten weeks following the end of a quarter. The publication is available from the Board's Publications Services as well as on the Board's web site.
F.106.c Consolidated Statement for Federal, State, and Local Governments (10 KB PDF) |