The Federal Debt-Limit Standoff of 2013 in the Financial Accounts of the United States, Financial Accounts Tables
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F.104 State and Local Governments1
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Descriptions: | 2009 | 2010 | 2011 | 2012 | 2013 | 2012q3 | 2012q4 | 2013q1 | 2013q2 | 2013q3 | 2013q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Current receipts, NIPA basis | 1919.2 | 1998.5 | 2029.9 | 2039.4 | 2101.3 | 2039.6 | 2059.7 | 2078.7 | 2110.8 | 2103.2 | 2112.4 |
| 2 | Personal current taxes | 287.8 | 297.6 | 327.0 | 348.8 | 376.6 | 349.2 | 358.8 | 377.1 | 393.1 | 365.6 | 370.4 |
| 3 | Taxes on production and imports | 934.8 | 960.4 | 988.5 | 1004.9 | 1027.4 | 1000.6 | 1008.3 | 1021.9 | 1020.2 | 1029.7 | 1037.7 |
| 4 | Taxes on corporate income | 45.6 | 47.7 | 50.7 | 51.4 | 55.2 | 51.1 | 51.3 | 54.5 | 56.0 | 54.0 | 56.6 |
| 5 | Contributions for government social insurance | 18.6 | 18.1 | 18.3 | 17.5 | 17.5 | 17.4 | 17.3 | 17.3 | 17.4 | 17.6 | 17.9 |
| 6 | Income receipts on assets | 87.8 | 82.6 | 80.0 | 78.5 | 81.4 | 78.4 | 79.3 | 80.2 | 80.9 | 81.9 | 82.6 |
| 7 | Current transfer receipts | 566.1 | 612.0 | 581.8 | 552.6 | 558.5 | 557.0 | 558.7 | 542.7 | 558.4 | 569.9 | 563.1 |
| 8 | Current surplus of government enterprises | -21.4 | -19.8 | -16.5 | -14.3 | -15.4 | -14.1 | -14.0 | -14.9 | -15.2 | -15.5 | -15.9 |
| 9 | Current expenditures, NIPA basis | 2191.2 | 2235.8 | 2243.0 | 2292.1 | 2320.4 | 2299.7 | 2313.9 | 2308.5 | 2308.4 | 2329.2 | 2335.6 |
| 10 | Consumption expenditures | 1508.4 | 1518.3 | 1517.4 | 1536.4 | 1548.2 | 1536.8 | 1544.3 | 1543.0 | 1541.4 | 1550.8 | 1557.4 |
| 11 | Govt. social benefit payments to persons | 492.6 | 523.8 | 532.0 | 544.3 | 561.7 | 548.8 | 553.7 | 552.3 | 555.9 | 568.9 | 569.5 |
| 12 | Interest payments | 188.8 | 192.1 | 192.9 | 211.0 | 210.1 | 213.7 | 215.5 | 212.7 | 210.6 | 209.0 | 208.1 |
| 13 | Subsidies | 1.4 | 1.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| 14 | Net saving, NIPA basis | -271.9 | -237.3 | -213.1 | -252.7 | -219.1 | -260.1 | -254.2 | -229.8 | -197.6 | -226.0 | -223.1 |
| 15 | + Consumption of fixed capital | 208.2 | 212.7 | 221.7 | 231.4 | 237.6 | 232.4 | 233.7 | 234.9 | 236.6 | 238.3 | 240.6 |
| 16 | - Net capital transfers paid2 | -67.7 | -76.7 | -73.9 | -74.1 | -71.0 | -73.2 | -80.5 | -71.3 | -68.6 | -74.9 | -69.1 |
| 17 | Gross saving less net capital transfers paid | 4.0 | 52.2 | 82.5 | 52.8 | 89.4 | 45.5 | 60.0 | 76.4 | 107.6 | 87.2 | 86.6 |
| 18 | Gross investment | -58.9 | 51.3 | 18.0 | 83.3 | 65.8 | 77.0 | 75.3 | 79.6 | 111.1 | 8.8 | 63.5 |
| 19 | Fixed investment | 363.0 | 351.9 | 337.2 | 334.9 | 330.9 | 334.6 | 331.2 | 326.1 | 327.8 | 335.6 | 334.0 |
| 20 | Nonproduced nonfinancial assets | 12.3 | 10.6 | 10.1 | 10.2 | 9.5 | 10.2 | 10.1 | 9.8 | 9.6 | 9.4 | 9.2 |
| 21 | Net lending (+) or borrowing (-) | -434.2 | -311.2 | -329.4 | -261.8 | -274.6 | -267.8 | -265.9 | -256.3 | -226.3 | -336.1 | -279.7 |
| 22 | Net acq. of financial assets | 10.8 | 66.1 | -56.6 | -77.0 | 13.3 | -25.0 | -229.1 | 42.5 | 112.8 | -63.9 | -38.2 |
| 23 | Checkable deposits and currency | 19.2 | 5.6 | 16.6 | -8.9 | 7.4 | -7.6 | -12.9 | 13.8 | -10.4 | 28.8 | -2.7 |
| 24 | Time and savings deposits | 9.3 | -6.9 | 14.4 | 20.3 | 21.0 | 37.4 | 4.5 | 13.2 | 53.6 | 13.7 | 3.4 |
| 25 | Money market fund shares | 9.8 | 13.7 | -0.1 | -8.8 | 1.2 | -6.7 | -18.7 | 2.0 | 6.4 | -2.6 | -1.2 |
| 26 | Security repurchase agreements | -4.2 | -1.4 | -6.5 | -6.9 | 0.9 | -5.3 | -14.7 | 1.6 | 5.1 | -2.0 | -0.9 |
| 27 | Credit market instruments | -37.4 | 60.8 | -77.3 | -69.3 | -31.5 | -49.0 | -174.0 | 1.4 | 41.6 | -121.2 | -47.6 |
| 28 | Open market paper | -39.0 | 13.0 | -10.8 | -5.4 | 0.7 | -4.1 | -11.3 | 1.2 | 3.9 | -1.6 | -0.7 |
| 29 | Treasury securities | -17.4 | 6.8 | -45.5 | -12.7 | -38.9 | -6.1 | -54.0 | -11.5 | 0.4 | -104.6 | -40.0 |
| 30 | Agency- and GSE-backed securities | 9.7 | 22.4 | -12.7 | -29.4 | 3.9 | -22.3 | -62.3 | 6.7 | 21.4 | -8.6 | -3.9 |
| 31 | Municipal securities | 1.0 | 1.4 | 0.1 | -0.8 | 0.1 | -0.6 | -1.6 | 0.2 | 0.6 | -0.2 | -0.1 |
| 32 | Corporate and foreign bonds | 3.3 | 7.4 | -4.0 | -9.4 | 1.2 | -7.1 | -20.0 | 2.1 | 6.9 | -2.8 | -1.3 |
| 33 | Mortgages | 4.9 | 10.0 | -4.5 | -11.7 | 1.5 | -8.9 | -24.8 | 2.7 | 8.5 | -3.4 | -1.6 |
| 34 | Corporate equities | -2.3 | -0.3 | -4.3 | -5.0 | 0.7 | -3.8 | -10.6 | 1.1 | 3.7 | -1.5 | -0.7 |
| 35 | Mutual fund shares | 1.7 | 2.8 | -0.7 | -2.6 | 0.3 | -2.0 | -5.5 | 0.6 | 1.9 | -0.8 | -0.3 |
| 36 | Trade receivables | -4.6 | 13.1 | 2.3 | 8.2 | 9.6 | 7.2 | 4.7 | 8.8 | 8.7 | 14.3 | 6.4 |
| 37 | Taxes receivable | -5.8 | 1.1 | 2.2 | 1.5 | 3.1 | 8.8 | 9.8 | -1.3 | -1.7 | 9.1 | 6.1 |
| 38 | Miscellaneous assets | 25.2 | -22.5 | -3.2 | -5.5 | 0.7 | -4.1 | -11.6 | 1.2 | 4.0 | -1.6 | -0.7 |
| 39 | Net increase in liabilities | 445.0 | 377.3 | 272.7 | 184.8 | 287.9 | 242.7 | 36.8 | 298.8 | 339.1 | 272.2 | 241.5 |
| 40 | Credit market instruments | 113.0 | 69.5 | -52.7 | -5.3 | -38.9 | -6.5 | -115.5 | 73.0 | 32.8 | -116.5 | -144.8 |
| 41 | Municipal securities | 112.2 | 68.7 | -53.6 | -5.7 | -39.4 | -6.1 | -116.0 | 71.7 | 33.0 | -116.9 | -145.4 |
| 42 | Short-term3 | 7.8 | -0.7 | -10.6 | 3.8 | -10.9 | 10.0 | -27.2 | -4.4 | 8.6 | -19.4 | -28.3 |
| 43 | Long-term4 | 104.4 | 69.3 | -42.9 | -9.4 | -28.6 | -16.1 | -88.8 | 76.0 | 24.4 | -97.5 | -117.2 |
| 44 | U.S. government loans | 0.8 | 0.9 | 0.9 | 0.4 | 0.5 | -0.4 | 0.5 | 1.3 | -0.2 | 0.5 | 0.6 |
| 45 | Trade payables | 38.9 | 38.5 | 38.4 | 39.1 | 39.6 | 39.2 | 39.2 | 39.2 | 39.3 | 39.9 | 40.0 |
| 46 | Claims of pension fund on sponsor | 293.0 | 269.3 | 287.0 | 151.0 | 287.2 | 210.1 | 113.1 | 186.5 | 267.0 | 348.8 | 346.4 |
| 47 | Discrepancy | 62.9 | 0.9 | 64.5 | -30.5 | 23.7 | -31.5 | -15.3 | -3.3 | -3.5 | 78.4 | 23.1 |
1. Data for employee retirement funds are shown in table F.118. Return to text.
2. Table F.9, line 62. Return to text.
3. Debt with original maturity of 13 months or less. Return to text.
4. Included in miscellaneous liabilities. Return to text.