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 9, 2011
Release dates | Announcements | Coded tables | Historical data
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F.106.c Consolidated Statement for Federal, State, and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2005
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2011
Q1

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Consolidated governments; current receipts, NIPA basis 3659.3 3995.2 4197.0 4074.0 3726.9 3983.8 3904.0 3947.8 4020.8 4062.5 4111.8 1
Consolidated governments; personal current taxes 1208.6 1352.4 1488.7 1438.2 1140.0 1166.3 1134.7 1149.1 1178.2 1203.2 1302.3 2
Consolidated governments; taxes on production and imports, receivable (IMA) 930.2 986.8 1027.2 1045.1 1024.7 1058.5 1045.9 1054.6 1060.8 1072.7 1075.5 3
Consolidated governments; taxes on corporate income (accrual basis) 395.9 454.2 420.6 280.2 231.4 391.8 379.2 381.3 404.8 402.1 435.0 4
Federal government; taxes from the rest of the world 12.1 14.0 14.7 16.8 13.2 12.6 12.6 12.8 12.1 13.0 13.5 5
Consolidated governments; contributions for government social insurance received 877.4 926.4 964.2 992.1 975.1 1008.7 992.9 1007.1 1015.4 1019.4 929.0 6
Consolidated governments; property income (received) 111.9 129.6 144.2 146.9 162.2 163.4 159.3 162.2 165.6 166.5 167.9 7
Consolidated governments; other current transfers received 126.7 136.0 149.2 171.4 193.5 195.6 191.4 193.9 198.0 199.2 201.6 8
Consolidated governments; operating surplus, net -3.5 -4.2 -11.8 -16.7 -13.2 -13.3 -12.1 -13.1 -14.2 -13.7 -13.1 9
Consolidated governments; current expenditures 3916.4 4147.9 4430.0 4737.7 4998.8 5284.3 5189.6 5268.6 5316.4 5362.6 5394.3 10
Consolidated governments; consumption expenditures 1977.9 2093.3 2217.8 2382.8 2411.5 2490.6 2464.7 2485.2 2502.9 2509.7 2530.2 11
Consolidated governments; social contributions paid 1494.0 1596.1 1701.2 1857.8 2112.3 2275.2 2224.6 2265.2 2295.7 2315.1 2317.3 12
Consolidated governments; other current transfers paid 40.9 34.9 42.2 44.8 52.7 58.2 62.5 53.8 57.1 59.2 56.9 13
Consolidated governments; interest paid 342.7 372.2 414.3 399.4 362.0 401.3 380.3 405.9 402.1 416.9 427.3 14
Consolidated governments; subsidies paid 60.9 51.4 54.6 52.8 60.3 59.0 57.4 58.5 58.6 61.6 62.6 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 -257.1 -152.7 -233.0 -663.6 -1271.9 -1300.5 -1285.7 -1320.8 -1295.6 -1300.1 -1282.5 17
Consolidated governments; consumption of fixed capital, equipment, software, and structures, current cost basis 250.6 269.3 291.3 312.3 325.3 334.9 329.6 333.0 336.4 340.5 346.3 18
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability 0.7 0.1 0.1 -0.6 0.5 -1.7 -4.0 -0.8 -2.0 -0.2 -2.8 19
Households and nonprofit organizations; adjustment to contributions for government social insurance paid for U.S. affiliated areas 4.7 4.6 4.7 4.9 4.8 5.2 5.1 5.2 5.2 5.2 4.7 20
Consolidated governments; net capital transfers paid excluding payments under the financial stabilization program 10.0 -14.7 -2.6 3.0 14.5 29.1 17.7 36.4 26.7 35.5 39.9 21
Consolidated governments; gross saving less net capital transfers paid -21.9 126.6 56.1 -358.6 -966.4 -998.2 -974.9 -1028.6 -989.1 -1000.1 -978.0 22
Consolidated governments; gross investment 28.8 165.7 51.7 -424.6 -890.9 -906.0 -972.6 -1375.0 -618.0 -658.2 -940.5 23
Consolidated governments; gross fixed investment 392.0 425.1 456.5 495.5 503.4 509.6 491.0 505.6 519.3 522.6 500.7 24
Consolidated governments; acquisition of nonproduced nonfinancial assets (net) 9.8 -2.2 12.5 -5.3 6.3 14.6 13.7 13.4 16.3 14.8 15.0 25
Consolidated governments; net lending (+) or borrowing (-) (financial account) -373.0 -257.1 -417.3 -914.9 -1400.6 -1430.1 -1477.3 -1894.1 -1153.6 -1195.6 -1456.1 26
Consolidated governments; total financial assets 148.6 136.0 146.5 575.1 250.9 397.0 344.9 172.8 470.0 600.4 -651.7 27
Federal government; U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 2.7 0.5 4.1 -1.0 1.6 28
Consolidated governments; checkable deposits and currency; asset 21.7 2.7 20.4 321.6 -155.0 155.5 154.0 210.9 79.7 177.6 -833.9 29
Consolidated governments; total time and savings deposits; asset 11.8 26.4 37.6 17.9 11.2 -0.4 37.3 -36.8 11.3 -13.3 25.2 30
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 5.1 6.8 3.4 -1.4 4.5 5.8 7.2 -2.9 8.3 10.5 0.5 31
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset 10.0 13.5 6.6 -2.7 8.8 11.4 14.1 -5.7 16.4 20.7 1.0 32
Consolidated governments; credit market instruments; asset 60.1 88.5 26.0 8.9 244.4 87.5 80.2 -78.9 210.8 137.9 65.5 33
State and local governments, excluding employee retirement funds; commercial paper; asset 13.1 17.6 -11.3 -63.5 -53.5 -25.1 -21.5 -47.5 -18.5 -13.0 -38.7 34
Consolidated governments; agency- and GSE-backed securities; asset 28.4 38.3 18.8 46.8 127.0 -34.8 -19.8 -80.6 -17.0 -21.9 -60.3 35
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 0.4 0.5 0.2 -0.1 0.3 0.4 0.5 -0.2 0.6 0.7 0.0 36
Consolidated governments; corporate and foreign bonds; asset 9.0 12.1 6.0 -2.4 8.5 10.6 12.8 -4.9 15.2 19.1 0.9 37
Consolidated governments; total mortgages; asset 13.1 18.2 8.5 10.3 21.9 3.3 9.8 -0.9 -0.9 5.2 11.1 38
Federal government; consumer credit, student loans; asset 3.7 1.9 6.7 12.6 75.0 130.4 84.6 57.2 228.2 151.7 144.1 39
Consolidated governments; other loans and advances; asset -7.7 -0.0 -2.9 5.2 65.2 2.7 13.8 -2.0 3.2 -4.0 8.5 40
Consolidated governments; corporate equities; asset 2.5 -4.4 2.7 279.2 18.2 -10.2 -63.0 86.2 -26.5 -37.7 43.5 41
State and local governments, excluding employee retirement funds; mutual fund shares; asset 0.8 -1.3 0.5 14.3 -7.2 -7.4 -5.1 -4.6 -10.2 -9.8 -7.1 42
Consolidated governments; trade receivables; asset 19.5 2.2 8.0 1.4 -12.1 11.4 19.0 -28.7 12.9 42.4 2.6 43
Consolidated governments; taxes receivable; asset 40.9 5.1 -34.7 -64.9 4.1 49.5 9.2 46.8 40.0 101.9 52.5 44
Consolidated governments; total miscellaneous assets -9.2 -0.9 76.4 -3.4 82.2 92.5 89.3 -14.0 123.0 171.5 -3.1 45
Consolidated governments; total liabilities 521.7 393.1 563.8 1490.1 1651.5 1827.2 1822.2 2066.9 1623.5 1796.0 804.4 46
Federal government; special drawing rights (SDRs) allocations; liability 0.0 0.0 0.0 0.0 47.6 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 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 48
Federal government; Treasury currency; liability 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 -0.0 -1.1 0.0 0.0 49
Consolidated governments; credit market instruments; liability 385.9 291.0 420.3 1338.4 1532.1 1673.2 1742.6 1961.6 1508.1 1480.6 716.6 50
Federal government; U.S. savings bonds; liability 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -3.8 -2.8 -2.4 -4.2 -4.4 51
Federal government; Treasury securities, excluding U.S. savings bonds and Treasury securities held by state and local governments; liability 214.3 140.9 236.3 1290.0 1426.4 1571.8 1613.1 1997.6 1381.4 1294.9 791.8 52
Federal government; budget agency securities; liability -0.4 -0.3 -0.4 0.2 0.1 0.7 0.3 1.1 0.5 0.8 1.2 53
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 171.3 153.1 190.4 50.6 108.3 104.1 133.0 -34.4 128.6 189.1 -72.0 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 65.8 40.6 66.4 62.0 -13.4 62.8 58.8 32.0 43.4 116.8 42.1 56
Federal government; life insurance reserves; liability 1.1 1.5 1.2 1.0 1.1 0.9 -0.3 0.7 0.7 2.5 0.3 57
Federal government; total miscellaneous liabilities, including nonmarketable government securities held by federal government retirement funds 68.0 59.4 76.6 89.5 81.4 90.6 21.1 72.5 72.5 196.2 45.5 58
Consolidated governments; sector discrepancy -50.6 -39.2 4.3 66.0 -75.5 -92.2 -2.2 346.4 -371.2 -342.0 -37.5 59
Consolidated governments; net government saving less fixed investment -649.1 -577.8 -689.5 -1159.2 -1775.2 -1810.2 -1776.6 -1826.4 -1814.9 -1822.7 -1783.1 60
Consolidated governments; adjustment between NIPA and FOF 276.1 320.7 272.2 244.3 374.7 380.0 299.3 -67.7 661.3 627.1 327.0 61
Consolidated governments; items to be financed -373.0 -257.1 -417.3 -914.9 -1400.6 -1430.1 -1477.3 -1894.1 -1153.6 -1195.6 -1456.1 62


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