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 5, 2014
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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
2008
2009
2010
2011
2012
2013
2013
Q1
2013
Q2
2013
Q3
2013
Q4
2014
Q1

Line
Consolidated governments; current receipts, NIPA basis 4043.8 3691.2 3885.0 4074.1 4259.2 4695.8 4547.3 4832.0 4623.3 4780.6 4761.4 1
Consolidated governments; personal current taxes 1435.2 1144.9 1191.5 1404.0 1498.0 1658.5 1629.0 1668.8 1657.6 1678.5 1698.3 2
Consolidated governments; taxes on production and imports, receivable (IMA) 1041.9 1026.1 1057.1 1097.1 1122.9 1146.7 1140.7 1138.8 1149.0 1158.3 1172.6 3
Consolidated governments; taxes on corporate income (accrual basis) 281.1 246.0 346.3 345.0 402.4 384.3 375.4 384.7 383.2 393.6 419.6 4
Federal government; taxes from the rest of the world 18.8 14.8 15.7 16.3 17.8 19.9 19.2 19.4 20.0 20.8 21.7 5
Consolidated governments; contributions for government social insurance received 993.1 969.4 989.0 922.6 955.3 1111.3 1099.0 1108.6 1114.3 1123.5 1139.4 6
Consolidated governments; property income (received) 139.6 136.3 137.2 137.4 131.4 246.0 154.3 380.6 175.3 273.7 187.7 7
Consolidated governments; other current transfers received 155.4 174.3 171.1 175.4 159.1 169.2 165.1 170.0 165.3 176.5 167.6 8
Consolidated governments; operating surplus, net -21.2 -20.6 -22.9 -23.8 -27.7 -40.1 -35.5 -39.0 -41.4 -44.3 -45.5 9
Consolidated governments; current expenditures 4844.0 5213.0 5451.8 5535.4 5621.6 5669.0 5630.1 5682.7 5699.3 5664.0 5727.6 10
Consolidated governments; consumption expenditures 2368.6 2442.1 2522.2 2526.1 2548.0 2519.2 2525.3 2517.5 2523.2 2510.8 2527.5 11
Consolidated governments; social contributions paid 1862.8 2117.5 2250.5 2277.4 2334.8 2418.1 2400.4 2404.9 2431.8 2435.4 2476.1 12
Consolidated governments; other current transfers paid 45.0 52.7 50.6 56.5 49.9 48.6 47.6 52.4 53.5 40.8 41.9 13
Consolidated governments; interest paid 515.0 542.4 572.7 615.5 631.6 624.5 598.8 649.0 631.7 618.3 625.4 14
Consolidated governments; subsidies paid 52.6 58.3 55.9 60.0 57.3 58.7 58.0 58.9 59.1 58.7 56.8 15
Consolidated governments; net saving including net capital transfers paid -800.2 -1521.7 -1566.8 -1461.3 -1362.3 -973.2 -1082.9 -850.7 -1075.9 -883.4 -966.2 16
Consolidated governments; consumption of fixed capital, equipment, software, and structures, current cost basis 426.5 442.7 458.1 478.1 493.6 505.1 500.5 503.4 506.1 510.5 513.2 17
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability -0.6 0.5 -1.7 -0.4 -1.4 -1.2 -1.9 -0.4 -2.7 -0.0 -2.0 18
Households and nonprofit organizations; adjustment to contributions for government social insurance paid for U.S. affiliated areas 4.8 5.0 4.9 4.4 4.6 5.3 5.3 5.3 5.3 5.4 5.5 19
Consolidated governments; net capital transfers paid excluding payments under the financial stabilization program -13.3 -3.4 8.1 7.5 5.8 -12.2 -5.4 -10.3 -13.4 -19.6 -13.1 20
Consolidated governments; gross saving less net capital transfers paid -364.6 -1081.1 -1120.1 -994.7 -877.7 -460.0 -580.4 -342.0 -559.1 -358.6 -443.5 21
Consolidated governments; gross investment -483.4 -1089.1 -1068.7 -1026.9 -765.1 -366.3 -778.9 178.5 -453.5 -411.1 -556.1 22
Consolidated governments; gross fixed investment 634.6 647.0 651.8 632.6 619.0 606.3 598.8 604.4 614.4 607.6 588.8 23
Consolidated governments; acquisition of nonproduced nonfinancial assets (net) -6.6 3.4 9.6 9.2 8.9 8.5 9.2 8.8 8.2 7.8 7.7 24
Consolidated governments; net lending (+) or borrowing (-) (financial account) -1111.5 -1739.5 -1730.1 -1668.8 -1392.9 -981.1 -1386.9 -434.8 -1076.1 -1026.6 -1152.7 25
Consolidated governments; total financial assets 522.8 268.8 343.5 -139.8 145.8 208.2 271.3 253.8 -78.9 386.7 139.2 26
Federal government; U.S. official reserve assets 4.2 51.9 1.6 16.2 4.3 -3.3 3.3 -1.0 -4.2 -11.2 -14.4 27
Consolidated governments; checkable deposits and currency; asset 321.6 -155.0 154.5 -240.8 -2.3 76.1 4.9 118.4 -160.1 341.0 -24.3 28
Consolidated governments; total time and savings deposits; asset 17.2 10.0 -6.3 15.0 19.4 12.2 14.6 -6.3 30.5 10.1 20.4 29
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 2.6 9.8 13.7 3.4 5.4 4.9 14.5 10.1 -3.6 -1.6 7.7 30
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset -12.1 -4.3 -1.4 -3.6 4.7 4.3 12.0 8.5 -2.4 -0.8 6.6 31
Consolidated governments; credit market instruments; asset 42.6 291.6 140.0 0.6 97.0 111.9 210.4 143.5 44.1 49.4 151.4 32
State and local governments, excluding employee retirement funds; commercial paper; asset -22.0 -39.1 13.0 -11.2 -7.2 -7.8 -2.6 -5.3 -12.2 -11.1 -6.6 33
Consolidated governments; agency- and GSE-backed securities; asset 36.0 151.6 -24.7 -126.0 -41.1 -12.6 17.9 3.2 -38.9 -32.5 -4.5 34
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 0.4 1.0 1.4 0.3 0.3 0.2 1.0 0.7 -0.5 -0.3 0.5 35
Consolidated governments; corporate and foreign bonds; asset -5.7 3.9 7.7 -0.9 3.2 2.6 12.7 8.1 -6.3 -4.1 5.6 36
Consolidated governments; total mortgages; asset 9.2 21.0 6.8 5.9 7.7 8.4 24.4 10.9 -3.0 1.3 9.6 37
Federal government; consumer credit, student loans; asset 19.5 87.9 133.1 128.5 132.1 113.1 148.2 117.2 97.7 89.2 140.5 38
Consolidated governments; other loans and advances; asset 5.2 65.2 2.7 4.0 2.1 7.9 8.8 8.7 7.3 6.9 6.4 39
Consolidated governments; corporate equities; asset 248.5 -1.8 23.8 37.7 -11.4 -3.4 1.7 1.6 -13.6 -3.3 2.4 40
State and local governments, excluding employee retirement funds; mutual fund shares; asset -0.7 1.7 2.8 0.2 0.9 0.7 3.5 2.3 -1.7 -1.1 1.5 41
Consolidated governments; trade receivables; asset -11.2 -25.7 12.4 7.1 8.4 7.3 -5.4 25.6 4.8 4.1 -0.6 42
Consolidated governments; taxes receivable; asset -56.8 30.1 28.2 22.9 14.0 -14.3 -3.6 -47.0 11.3 -18.0 -28.0 43
Consolidated governments; total miscellaneous assets -33.2 60.6 -25.9 1.7 5.4 11.8 15.2 -1.9 16.1 18.1 16.4 44
Consolidated governments; total liabilities 1634.2 2008.4 2073.6 1529.0 1538.7 1189.3 1658.2 688.6 997.2 1413.2 1291.8 45
Federal government; special drawing rights (SDRs) allocations; liability 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46
Monetary authority; SDR certificates issued by federal government; asset 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47
Federal government; Treasury currency; liability -0.8 -0.4 -0.3 0.0 0.0 -0.4 0.0 0.0 -1.4 0.0 0.0 48
Consolidated governments; credit market instruments; liability 1302.8 1573.5 1642.1 1047.0 1095.3 734.0 1203.0 306.8 150.7 1275.4 861.5 49
Federal government; U.S. savings securities; liability -2.4 -2.8 -3.3 -2.7 -2.8 -3.3 -2.5 -3.7 -3.3 -3.6 -2.9 50
Federal government; Treasury securities, excluding U.S. savings securities and Treasury securities held by state and local governments; liability 1287.9 1464.0 1576.0 1102.2 1104.2 777.1 1134.9 276.2 270.4 1426.9 886.8 51
Federal government; budget agency securities; liability 0.2 0.1 0.7 1.1 -0.4 -0.4 -1.0 1.3 0.5 -2.4 -1.9 52
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 17.1 112.2 68.7 -53.6 -5.7 -39.4 71.7 33.0 -116.9 -145.4 -20.5 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 governments; trade payables; liability 61.2 -17.3 44.7 47.8 54.3 57.9 42.0 71.0 65.3 53.3 35.9 55
Federal government; life insurance reserves; liability 1.0 1.1 0.9 1.3 0.3 0.3 0.2 0.8 -0.5 0.5 -0.0 56
Consolidated governments; total miscellaneous liabilities 270.1 400.7 386.2 432.8 388.7 397.5 412.9 310.1 783.0 84.0 394.5 57
Consolidated governments; sector discrepancy 118.8 8.0 -51.4 32.2 -112.6 -93.8 198.6 -520.5 -105.6 52.5 112.6 58
Consolidated governments; net government saving less fixed investment -1434.8 -2168.7 -2218.6 -2093.9 -1981.3 -1579.5 -1681.7 -1455.1 -1690.3 -1491.0 -1555.0 59
Consolidated governments; adjustment between NIPA and FOF 323.3 429.2 488.6 425.2 588.4 598.4 294.8 1020.4 614.2 464.4 402.3 60
Consolidated governments; items to be financed -1111.5 -1739.5 -1730.1 -1668.8 -1392.9 -981.1 -1386.9 -434.8 -1076.1 -1026.6 -1152.7 61


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