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 7, 2012
Release dates | Announcements | Coded tables | Historical data
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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
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Q1

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Consolidated governments; current receipts, NIPA basis 3995.2 4197.0 4051.6 3703.7 3962.8 4156.5 4106.0 4154.4 4175.0 4190.7 4320.4 1
Consolidated governments; personal current taxes 1352.4 1488.7 1435.7 1141.4 1193.9 1397.7 1365.9 1396.2 1409.1 1419.4 1448.0 2
Consolidated governments; taxes on production and imports, receivable (IMA) 986.8 1027.2 1038.6 1017.9 1054.0 1097.9 1087.4 1101.1 1100.0 1103.3 1113.0 3
Consolidated governments; taxes on corporate income (accrual basis) 454.2 420.6 281.0 249.1 387.4 389.7 397.2 394.4 384.3 382.8 459.1 4
Federal government; taxes from the rest of the world 14.0 14.7 18.8 14.7 13.3 15.7 14.3 15.3 17.0 16.3 14.5 5
Consolidated governments; contributions for government social insurance received 926.4 964.2 992.1 969.0 991.7 928.9 915.9 921.9 936.8 940.9 954.0 6
Consolidated governments; property income (received) 129.6 144.2 137.5 141.4 144.0 145.0 145.2 144.0 145.1 145.6 149.9 7
Consolidated governments; other current transfers received 136.0 149.2 163.9 185.2 194.1 197.0 195.7 196.1 197.1 199.2 200.7 8
Consolidated governments; operating surplus, net -4.2 -11.8 -16.0 -14.9 -15.7 -15.3 -15.6 -14.6 -14.5 -16.7 -18.7 9
Consolidated governments; current expenditures 4147.9 4430.0 4737.3 4999.7 5261.8 5409.9 5364.3 5470.0 5418.9 5386.3 5407.0 10
Consolidated governments; consumption expenditures 2093.3 2217.8 2381.0 2412.2 2497.5 2547.3 2530.7 2560.4 2561.0 2537.0 2545.6 11
Consolidated governments; social contributions paid 1596.1 1701.2 1857.9 2116.0 2259.5 2313.5 2305.0 2324.7 2314.2 2310.3 2321.6 12
Consolidated governments; other current transfers paid 34.9 42.2 45.3 53.3 57.3 57.8 56.8 64.9 55.8 53.7 61.1 13
Consolidated governments; interest paid 372.2 414.3 400.2 358.6 390.2 428.4 411.7 457.4 423.7 420.9 416.5 14
Consolidated governments; subsidies paid 51.4 54.6 52.9 59.7 57.3 62.8 60.0 62.7 64.2 64.4 62.3 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 -152.7 -233.0 -685.7 -1296.0 -1299.0 -1253.3 -1258.3 -1315.6 -1243.9 -1195.5 -1086.6 17
Consolidated governments; consumption of fixed capital, equipment, software, and structures, current cost basis 269.3 291.3 311.2 323.7 334.0 352.2 343.8 349.4 355.2 360.5 366.0 18
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability 0.1 0.1 -0.6 0.5 -1.7 -0.4 -2.1 -0.1 0.5 -0.0 -2.1 19
Households and nonprofit organizations; adjustment to contributions for government social insurance paid for U.S. affiliated areas 4.6 4.7 4.8 4.9 4.9 4.5 4.4 4.4 4.5 4.6 4.6 20
Consolidated governments; net capital transfers paid excluding payments under the financial stabilization program -14.7 -2.6 3.0 14.9 29.8 37.8 40.4 41.4 43.0 26.4 24.9 21
Consolidated governments; gross saving less net capital transfers paid 126.6 56.1 -381.7 -992.5 -997.8 -942.9 -957.2 -1012.0 -936.6 -866.0 -748.0 22
Consolidated governments; gross investment 133.2 52.7 -448.6 -920.8 -906.4 -924.5 -1046.7 -42.8 -1651.7 -957.0 -993.1 23
Consolidated governments; gross fixed investment 425.1 456.5 497.2 505.4 505.3 483.3 483.6 478.2 486.3 484.9 472.6 24
Consolidated governments; acquisition of nonproduced nonfinancial assets (net) -2.2 12.5 -5.1 7.3 14.8 15.5 15.5 15.3 15.0 16.0 15.4 25
Consolidated governments; net lending (+) or borrowing (-) (financial account) -289.6 -416.3 -940.7 -1433.4 -1426.5 -1423.3 -1545.9 -536.3 -2153.0 -1457.9 -1481.1 26
Consolidated governments; total financial assets 61.8 92.1 519.1 216.7 347.5 -190.3 -701.4 -17.5 -201.9 159.7 -101.8 27
Federal government; U.S. official reserve assets -2.7 -0.4 4.2 51.9 1.6 16.2 16.3 24.8 16.0 7.9 5.1 28
Consolidated governments; checkable deposits and currency; asset 2.7 20.4 321.6 -155.0 155.5 -241.7 -831.9 13.0 -315.6 167.5 -133.5 29
Consolidated governments; total time and savings deposits; asset 26.4 37.6 17.9 11.2 -0.4 17.7 3.7 20.9 13.6 32.7 4.9 30
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 2.8 6.6 -1.8 4.1 5.4 -2.4 -2.4 -2.4 -4.6 -0.1 -2.2 31
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset 5.6 13.0 -3.5 8.0 10.6 -4.6 -4.7 -4.7 -9.0 -0.2 -4.2 32
Consolidated governments; credit market instruments; asset 39.6 64.9 2.6 239.2 115.3 -28.5 125.2 -103.3 -41.4 -94.5 -10.1 33
State and local governments, excluding employee retirement funds; commercial paper; asset 7.3 -3.0 -64.6 -54.5 7.0 20.8 41.3 13.8 8.2 19.8 14.5 34
Consolidated governments; agency- and GSE-backed securities; asset 15.8 37.0 44.5 124.9 -37.2 -156.4 -76.5 -172.5 -177.9 -198.5 -160.6 35
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 0.2 0.5 -0.1 0.3 0.4 -0.2 -0.2 -0.2 -0.3 -0.0 -0.1 36
Consolidated governments; corporate and foreign bonds; asset 5.0 11.7 -3.1 7.8 9.8 -4.3 -4.2 -4.2 -8.4 -0.3 -3.9 37
Consolidated governments; total mortgages; asset 9.7 15.4 9.5 21.1 2.4 0.4 5.1 1.2 -9.7 5.0 -0.0 38
Federal government; consumer credit, student loans; asset 1.6 6.0 11.3 74.3 130.2 108.7 151.5 71.1 141.4 70.7 138.0 39
Consolidated governments; other loans and advances; asset -0.0 -2.9 5.2 65.2 2.7 2.4 8.2 -12.5 5.3 8.8 2.2 40
Consolidated governments; corporate equities; asset -7.9 0.7 275.3 16.5 -4.9 36.1 5.4 56.9 72.1 9.8 -86.1 41
State and local governments, excluding employee retirement funds; mutual fund shares; asset -2.4 -0.1 13.1 -7.7 -8.5 -1.2 -7.9 -0.4 17.3 -13.7 -35.6 42
Consolidated governments; trade receivables; asset -5.9 14.5 0.6 -12.9 10.1 -0.3 -11.2 4.4 -5.4 10.8 -24.4 43
Consolidated governments; taxes receivable; asset 5.0 -32.7 -59.8 38.2 69.5 73.6 87.0 40.9 128.2 38.3 128.7 44
Consolidated governments; total miscellaneous assets -1.4 -32.4 -51.2 23.1 -6.7 -55.1 -80.8 -67.6 -73.1 1.0 55.5 45
Consolidated governments; total liabilities 351.4 508.5 1459.7 1650.1 1774.0 1233.0 844.5 518.8 1951.2 1617.6 1379.2 46
Federal government; special drawing rights (SDRs) allocations; liability 0.0 0.0 0.0 47.6 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 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48
Federal government; Treasury currency; liability 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 49
Consolidated governments; credit market instruments; liability 249.3 365.0 1308.3 1535.7 1635.9 1067.4 702.4 796.2 1430.6 1340.3 1290.0 50
Federal government; U.S. savings bonds; liability -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -4.6 -3.9 -2.8 0.3 -1.8 51
Federal government; Treasury securities, excluding U.S. savings bonds and Treasury securities held by state and local governments; liability 154.7 225.2 1291.4 1427.7 1573.2 1128.5 806.1 907.2 1431.6 1369.2 1349.2 52
Federal government; budget agency securities; liability -0.3 -0.4 0.2 0.1 0.7 1.1 1.2 0.2 1.9 1.1 -3.3 53
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 97.7 146.2 19.2 110.7 65.3 -59.5 -100.3 -107.3 -0.0 -30.3 -54.1 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 40.6 66.4 61.8 -18.4 46.9 61.4 84.5 27.4 56.3 77.5 47.3 56
Federal government; life insurance reserves; liability 1.5 1.2 1.0 1.1 0.9 1.3 0.3 1.7 1.2 1.9 0.5 57
Federal government; total miscellaneous liabilities, including nonmarketable government securities held by federal government retirement funds 59.4 76.6 89.5 81.4 90.6 102.9 57.2 -306.5 463.0 197.9 41.4 58
Consolidated governments; sector discrepancy -6.7 3.4 66.8 -71.7 -91.4 -18.4 89.5 -969.2 715.0 91.0 245.1 59
Consolidated governments; net government saving less fixed investment -577.8 -689.5 -1182.9 -1801.4 -1804.3 -1736.6 -1741.9 -1793.8 -1730.2 -1680.5 -1559.2 60
Consolidated governments; adjustment between NIPA and FOF 288.2 273.1 242.2 367.9 377.8 313.3 196.1 1257.5 -422.8 222.5 78.1 61
Consolidated governments; items to be financed -289.6 -416.3 -940.7 -1433.4 -1426.5 -1423.3 -1545.9 -536.3 -2153.0 -1457.9 -1481.1 62


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