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: March 11, 2010
Release dates | Coded tables | Historical data
Current release | Screen reader | PDF (450 KB)

F.106.c Consolidated Statement for Federal, State, and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2005
2006
2007
2008
2009
2008
Q3
2008
Q4
2009
Q1
2009
Q2
2009
Q3
2009
Q4

Line
Consolidated federal, state and local governments current receipts (NIPA) 3659.3 3995.2 4209.2 4057.6 3744.3 4087.0 3996.8 3775.0 3728.4 3708.5 3765.5 1
Consolidated federal, state and local governments personal current taxes 1208.6 1352.4 1490.9 1432.4 1101.4 1437.3 1434.3 1187.3 1082.6 1071.0 1064.7 2
Consolidated federal, state and local governments national income, taxes on production and imports (NIPA) 930.2 986.8 1028.7 1047.3 1023.1 1058.5 1037.3 1018.8 1019.6 1023.1 1031.0 3
Consolidated federal, state and local governments profit tax accruals 395.9 454.2 426.7 263.3 290.8 275.7 194.2 244.2 281.2 296.7 341.2 4
Federal government taxes from the rest of the world (NIPA) 12.1 14.0 14.2 15.0 11.8 14.7 15.9 13.5 12.1 10.8 10.8 5
Consolidated federal, state and local governments contributions for govt. social insurance 877.4 926.4 964.2 995.6 972.0 999.9 998.4 974.8 976.0 967.6 969.8 6
Consolidated federal, state and local governments income receipts on assets 111.9 129.6 143.3 144.2 164.3 143.2 144.6 156.5 166.5 165.7 168.7 7
Consolidated federal, state and local governments current transfer receipts 126.7 136.0 147.7 166.7 189.0 164.5 181.0 190.7 199.3 180.0 186.0 8
Consolidated federal, state and local governments national income, current surplus of government enterprises (NIPA) -3.5 -4.2 -6.6 -6.9 -8.1 -6.9 -8.9 -10.7 -8.8 -6.3 -6.5 9
Consolidated federal, state and local governments current expenditures (NIPA) 3916.4 4147.9 4424.0 4740.3 5003.7 4811.7 4726.9 4780.6 5021.9 5077.0 5135.3 10
Consolidated federal, state and local governments consumption expenditures (NIPA) 1977.9 2093.3 2214.9 2386.9 2416.9 2436.4 2397.1 2378.6 2409.0 2431.0 2448.8 11
Consolidated federal, state and local governments current expenditure on government social benefits 1494.0 1596.1 1701.1 1859.2 2091.8 1855.7 1879.4 1969.7 2123.5 2120.8 2153.1 12
Consolidated federal, state and local governments other current transfer payments 40.9 34.9 42.2 44.8 46.5 43.0 45.9 39.5 51.7 53.7 41.2 13
Consolidated federal, state and local governments interest payments 342.7 372.2 411.0 395.9 388.9 423.8 349.3 337.3 382.8 403.8 431.9 14
Consolidated federal, state and local governments national income, subsidies (a subtracted item; NIPA) 60.9 51.4 54.8 53.5 59.6 52.9 55.2 55.5 54.9 67.7 60.3 15
Consolidated federal, state and local 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 federal, state and local governments net government saving (NIPA) -257.1 -152.7 -214.8 -682.7 -1259.4 -724.8 -730.2 -1005.7 -1293.5 -1368.5 -1369.8 17
Consolidated federal, state and local governments consumption of fixed capital (NIPA) 250.6 269.3 290.4 310.9 325.2 313.8 318.4 322.3 323.5 325.2 330.0 18
Federal government insurance and pension reserves 0.7 0.1 0.1 -0.6 0.5 -1.6 1.4 0.8 -0.2 -1.5 2.8 19
Households and nonprofit organizations employer social insurance contributions adjustment for U.S. affiliated areas (NIPA) 4.7 4.6 4.8 5.0 5.1 5.1 5.1 5.1 5.1 5.0 5.0 20
Consolidated federal, state and local governments net capital transfers paid (NIPA) 10.0 -14.7 -2.7 4.0 13.3 13.3 2.9 6.9 10.1 13.8 22.5 21
Consolidated federal, state and local governments gross saving -21.9 126.6 73.4 -380.2 -953.0 -427.7 -421.1 -696.1 -985.0 -1060.7 -1070.2 22
Consolidated federal, state and local governments gross investment 28.6 234.0 146.1 -327.2 -802.5 -547.8 -651.2 -595.3 -984.7 -854.1 -776.1 23
Consolidated federal, state and local governments fixed gross investment, total (NIPA) 392.0 425.1 461.6 496.3 514.2 505.0 508.9 500.4 520.4 524.3 511.6 24
Consolidated federal, state and local governments nonproduced nonfinancial assets 9.8 -2.2 11.8 -6.2 6.3 6.3 -25.5 -13.9 10.6 15.3 13.3 25
Consolidated federal, state and local governments net financial investment -373.2 -188.8 -327.3 -817.3 -1323.1 -1059.1 -1134.5 -1081.8 -1515.7 -1393.7 -1301.1 26
Consolidated federal, state and local governments total financial assets 148.5 214.2 229.2 632.8 354.3 1198.4 1233.3 399.4 538.2 500.4 -20.8 27
Federal government gold, SDRs, and official foreign exchange asset -14.4 -2.7 -0.4 4.2 50.4 -0.3 12.3 3.5 14.3 195.3 -11.6 28
Consolidated federal, state and local governments checkable deposits and currency asset 21.7 1.7 22.7 321.6 -160.5 1267.5 60.3 -354.5 220.6 -229.2 -279.1 29
Consolidated federal, state and local governments total time and savings deposits asset 11.8 26.4 37.3 17.9 16.3 9.1 52.1 63.7 -25.2 12.3 14.6 30
State and local governments, excluding employee retirement funds money market fund shares asset 5.1 6.8 4.9 0.7 8.2 -1.4 -6.1 13.0 7.6 7.8 4.3 31
State and local governments, excluding employee retirement funds federal funds transactions and loans made under security repurchase agreements asset 10.0 13.5 9.7 1.5 18.7 -2.7 -12.0 16.2 15.0 15.3 28.4 32
Consolidated federal, state and local governments credit market instruments, excluding corporate equities asset 60.1 88.5 32.9 -1.1 243.6 -50.0 164.6 262.2 287.8 255.8 168.6 33
State and local governments, excluding employee retirement funds commercial paper asset 13.1 17.6 -7.3 -62.3 -45.6 -64.5 -63.8 -33.1 -52.4 -57.9 -39.0 34
Consolidated federal, state and local governments U.S. government agency securities asset 28.4 38.3 14.6 34.1 129.1 -14.4 180.2 194.4 160.8 87.6 73.5 35
State and local governments, excluding employee retirement funds municipal securities and loans asset 0.4 0.5 0.3 0.1 0.2 -0.1 -0.4 -0.5 0.5 0.5 0.3 36
Consolidated federal, state and local governments corporate and foreign bonds asset 9.0 12.1 8.8 1.3 18.7 17.6 -10.8 17.5 15.0 24.5 17.7 37
Consolidated federal, state and local governments total mortgages asset 13.1 18.2 12.5 7.9 2.8 6.5 14.9 -11.3 11.9 23.0 -12.6 38
Federal government consumer credit (student loans) asset 3.7 1.9 6.7 12.6 75.0 4.2 25.5 36.7 56.8 84.5 121.9 39
Federal government other loans and advances excluding loans for state and local governments asset -7.7 -0.0 -2.9 5.2 63.5 0.6 19.1 58.4 95.2 93.5 6.8 40
Consolidated federal, state and local governments corporate equities asset 2.5 -4.4 7.1 274.0 12.2 10.8 1017.0 360.9 -117.2 76.1 -270.8 41
State and local governments, excluding employee retirement funds mutual fund share holdings asset 0.8 -1.3 2.2 8.6 11.2 12.5 1.1 8.4 15.9 17.7 3.0 42
Consolidated federal, state and local governments trade receivables 19.4 2.3 11.2 5.2 -0.7 11.6 -26.4 -7.7 0.5 19.1 -14.6 43
Consolidated federal, state and local governments taxes receivable by governments asset 40.9 5.1 -28.4 -89.5 70.2 -76.7 -71.8 6.2 111.9 70.0 92.8 44
Consolidated federal, state and local governments total miscellaneous financial claims asset -9.2 78.3 130.0 89.7 84.6 18.1 42.3 27.5 7.1 60.2 243.7 45
Consolidated federal, state and local governments total financial liabilities 521.7 403.1 556.5 1450.1 1677.4 2257.4 2367.8 1481.2 2053.9 1894.0 1280.3 46
Monetary authority SDR certificates issued by federal government asset 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 12.0 0.0 47
Federal government treasury currency liability 0.8 0.6 -0.7 -0.8 -0.4 -1.2 -0.8 -0.0 -0.0 -1.0 -0.4 48
Consolidated federal, state and local governments credit  market instruments liability 385.9 301.0 412.9 1332.2 1512.3 2185.5 2194.4 1501.9 1956.6 1571.2 1019.4 49
Federal government U.S. savings bonds liability 0.7 -2.7 -6.0 -2.4 -2.8 -1.3 -3.0 -0.3 -1.0 -2.8 -6.9 50
Federal government total Treasury securities, excluding U.S. savings bonds and U.S. Treasury securities held by state and local governments liability 214.3 150.9 228.9 1281.0 1407.1 2103.7 2192.6 1400.3 1867.1 1443.3 917.7 51
Federal government budget agency securities liability -0.4 -0.3 -0.4 0.2 0.1 -1.7 1.0 -3.2 -1.1 3.7 1.2 52
State and local governments, excluding employee retirement funds municipal securities and loans (total) liability 171.3 153.1 190.4 53.4 107.8 84.8 3.8 105.2 91.6 127.0 107.5 53
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 54
Consolidated federal, state and local governments trade payables liability 65.8 40.6 66.5 28.2 79.9 6.5 -45.7 17.9 32.7 270.8 -1.9 55
Federal government life insurance reserves liability 1.1 1.5 1.2 1.0 1.1 -0.4 2.8 -0.2 2.1 0.2 2.4 56
Federal government total miscellaneous liabilities (including nonmarketable government securities held by pension funds) 68.0 59.4 76.6 89.5 81.4 67.0 217.2 -38.4 62.6 40.8 260.7 57
Consolidated federal, state and local governments sector discrepancy -50.5 -107.4 -72.7 -53.0 -150.4 120.1 230.1 -100.8 -0.4 -206.7 -294.0 58
Consolidated federal, state and local governments net government saving less fixed investment -649.1 -577.8 -676.4 -1179.1 -1773.6 -1229.8 -1239.0 -1506.0 -1813.9 -1892.9 -1881.4 59
Consolidated federal, state and local governments adjustment between NIPA and FOF 275.9 389.0 349.1 361.7 450.5 170.7 104.5 424.2 298.2 499.2 580.3 60
Consolidated federal, state and local governments items to be financed -373.2 -188.8 -327.3 -817.3 -1323.1 -1059.1 -1134.5 -1081.8 -1515.7 -1393.7 -1301.1 61



Release dates | Coded tables | Historical data
Current release | Screen reader | PDF (450 KB)

Statistical releases