Financial Accounts of the United States - Z.1
F.105 General Government (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2015 | 2016 | 2017 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 5792.1 | 5868.3 | 6071 | 5924.9 | 5937.6 | 6054.5 | 6002.5 | 6121 | 6106.1 | 1 |
| General government; personal current taxes | FA366210005 | 1937.9 | 1960.1 | 2048.8 | 1983.8 | 1977.2 | 2018.8 | 2007.9 | 2058.1 | 2110.3 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1255.8 | 1288 | 1328.2 | 1296.6 | 1304.1 | 1309.2 | 1321.3 | 1331.4 | 1351 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 496.3 | 459.4 | 449.1 | 475 | 457.3 | 454.9 | 468.8 | 463.7 | 409.1 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 21 | 21.4 | 22.3 | 20.9 | 21.8 | 21.7 | 22.1 | 22.4 | 22.9 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1213.2 | 1250.5 | 1307.8 | 1263.4 | 1255.5 | 1289.6 | 1299.3 | 1314 | 1328.2 | 6 |
| General government; property income (received) | FA366150105 | 125.1 | 125.1 | 137.9 | 126.1 | 134.8 | 155.2 | 139 | 139 | 118.4 | 7 |
| General government; other current transfers received | FA366403105 | 757 | 774 | 787.6 | 769.3 | 797.3 | 816.1 | 754.7 | 803 | 776.5 | 8 |
| General government; operating surplus, net | FA366402105 | -14.3 | -10.1 | -10.7 | -10.1 | -10.2 | -11 | -10.7 | -10.6 | -10.4 | 9 |
| General government; current expenditures | FA366900015 | 6525.1 | 6733 | 6923.5 | 6766.2 | 6813.5 | 6887.1 | 6849.6 | 6912.9 | 7044.5 | 10 |
| General government; consumption expenditures | FA366901005 | 2610.8 | 2658.1 | 2732.2 | 2672.6 | 2678.1 | 2701.3 | 2714.5 | 2740.9 | 2771.9 | 11 |
| General government; social contributions paid | FA366404005 | 2651.5 | 2731.9 | 2813.9 | 2741 | 2758.9 | 2794.9 | 2799.4 | 2820.4 | 2840.7 | 12 |
| General government; other current transfers paid | FA366403005 | 585.4 | 609.2 | 612.8 | 619.6 | 618.5 | 618.2 | 595.2 | 617.1 | 620.7 | 13 |
| General government; interest paid | FA366130005 | 620.2 | 672.1 | 703.1 | 670 | 696.3 | 711.7 | 680.3 | 673.1 | 747.3 | 14 |
| General government; subsidies paid | FA366402005 | 57.3 | 61.8 | 61.6 | 63 | 61.6 | 61 | 60.1 | 61.4 | 63.9 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -733 | -864.7 | -852.5 | -841.3 | -875.9 | -832.6 | -847.1 | -791.8 | -938.4 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 521.9 | 526.2 | 538.3 | 526.9 | 528.8 | 533.6 | 536.7 | 540 | 542.9 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.4 | -1.9 | -2 | -2.1 | -0.6 | -2.2 | -2.6 | -2.5 | -0.8 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -17.6 | -18.8 | -1.9 | -19.7 | -16.2 | -18 | -19.2 | 49.7 | -20.2 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -191.1 | -317.8 | -310.2 | -292.5 | -330.2 | -278.8 | -288.5 | -299.1 | -374.4 | 20 |
| General government; gross investment | FA365090005 | -118 | -219.2 | -233.2 | -293.6 | -116.2 | -543.2 | -259 | -85.3 | -45.3 | 21 |
| General government; gross fixed investment | FA365019005 | 608.1 | 609.7 | 621.3 | 602 | 608.7 | 618.9 | 617.5 | 615.6 | 633.1 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | -20.5 | 1.9 | 10.4 | 9 | 10.4 | 10.3 | 10.2 | 10.7 | 10.4 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -705.6 | -830.8 | -864.9 | -904.6 | -735.3 | -1172.4 | -886.8 | -711.6 | -688.8 | 24 |
| General government; total financial assets | FA364090005 | 264.1 | 352.8 | 83.3 | 437.4 | 191.7 | -817.9 | 379.1 | 360.4 | 411.6 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | -6.4 | 2.2 | -0.6 | 6.6 | 5.8 | -1.1 | 0.5 | -0.3 | -1.6 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 97.6 | 60.6 | -172.6 | 55.3 | -97.8 | -1013.9 | 347.5 | -26.4 | 2.3 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 14.5 | 6.4 | 13.2 | -28.5 | 29.8 | -33.4 | 14 | 13.9 | 58.1 | 28 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 6.3 | 8.9 | 6.9 | 15.1 | 9.9 | 5.4 | -3.6 | 10.2 | 15.6 | 29 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 5.5 | 7.1 | 5.5 | 12.1 | 7.9 | 4.3 | -2.9 | 8.2 | 12.5 | 30 |
| General government; debt securities; asset | FA364022005 | -10.5 | 85.5 | 43.9 | 171 | 56.7 | 17.8 | -59.5 | 81.9 | 135.2 | 31 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -4.9 | 0 | 2.3 | 5.1 | 3.4 | 1.8 | -1.2 | 3.5 | 5.3 | 32 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 26 | 61 | 4.6 | 112.4 | 18.4 | -3.1 | -85.4 | 22.4 | 84.6 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -35.9 | 14.8 | 31.9 | 37 | 24.1 | 13.2 | 31.1 | 44.9 | 38.3 | 34 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.3 | 0.7 | 0.6 | 1.2 | 0.8 | 0.4 | -0.3 | 0.8 | 1.3 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 4 | 9 | 4.5 | 15.3 | 9.9 | 5.4 | -3.6 | 10.3 | 5.8 | 36 |
| General government; loans; asset | FA364023005 | 110.6 | 114.5 | 114.7 | 116.6 | 123.9 | 91.1 | 96.1 | 134.4 | 137.2 | 37 |
| General government; total mortgages; asset | FA363065005 | 5.1 | 14.7 | 10.6 | 19.9 | 21.3 | 3 | -3.6 | 20.9 | 22.1 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 103.4 | 99.6 | 97.6 | 99 | 99.7 | 90.1 | 98.5 | 100.2 | 101.6 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 2.1 | 0.2 | 6.5 | -2.3 | 2.9 | -2.1 | 1.3 | 13.3 | 13.6 | 40 |
| General government; corporate equities; asset | FA363064105 | 2.1 | 4.7 | 2.3 | 8.1 | 5.3 | 2.9 | -2.5 | 5.4 | 3.4 | 41 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 1.1 | 2.5 | 1.9 | 4.2 | 2.7 | 1.5 | -1 | 2.8 | 4.3 | 42 |
| General government; trade receivables; asset | FA363070005 | 17.9 | 13.9 | 11.2 | 31.9 | -0.7 | -2.6 | 26.8 | 31 | -10.3 | 43 |
| General government; taxes receivable; asset | FA363078005 | 3.5 | 26.9 | 43.8 | 25.1 | 30.9 | 90.6 | -27.9 | 82.7 | 29.6 | 44 |
| General government; total miscellaneous assets | FA363090005 | 21.8 | 19.4 | 13.2 | 19.8 | 17.4 | 19.6 | -8.5 | 16.7 | 25.1 | 45 |
| General government; total liabilities | FA364190005 | 969.7 | 1183.6 | 948.2 | 1342 | 927 | 354.5 | 1265.9 | 1072 | 1100.5 | 46 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 |
| Monetary authority; SDR certificates issued by federal government; asset | FA713014003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48 |
| Federal government; Treasury currency; liability | FA313112003 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49 |
| General government; debt securities; liability | FA364122005 | 733.4 | 872.6 | 442.7 | 1015.1 | 575.1 | -517.2 | 539.9 | 1651.3 | 96.9 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 724.4 | 842.8 | 447 | 991 | 566.8 | -412.7 | 577.1 | 1655.8 | -32 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | 0.2 | -0.1 | -0.1 | -0.8 | 0.4 | -0.9 | 0.7 | -0.1 | 0.1 | 52 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 8.9 | 30 | -4.3 | 24.9 | 8 | -103.5 | -37.9 | -4.5 | 128.8 | 53 |
| General government; loans; liability | FA364123005 | 0.3 | 0.9 | 0.4 | -0.9 | 3.6 | 0.2 | 0.5 | 0.4 | 0.7 | 54 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.3 | 0.9 | 0.4 | -0.9 | 3.6 | 0.2 | 0.5 | 0.4 | 0.7 | 56 |
| General government; trade payables; liability | FA363170005 | 56.3 | 56.4 | 65.8 | 51.1 | 72.5 | 58 | 49.8 | 78.5 | 77.1 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | -0.1 | 0.1 | -0.2 | 0.1 | 0 | -1.1 | -0.5 | 0.6 | 0.3 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 179.8 | 253.5 | 439.4 | 276.6 | 275.8 | 814.7 | 676.1 | -658.7 | 925.5 | 59 |
| General government; sector discrepancy | FA367005005 | -73.1 | -98.6 | -77 | 1.1 | -214 | 264.4 | -29.5 | -213.8 | -329.2 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 237.5 | 290.1 | 77.7 | 324.6 | 168.9 | -815.4 | 464.3 | 336.8 | 325.1 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 943.1 | 1120.9 | 942.6 | 1229.2 | 904.2 | 357 | 1351.1 | 1048.4 | 1013.9 | 62 |
NOTES
- Sum of the federal government and state and local governments sectors.
- Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector. Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.
- Table F.5, line 60 less line 12.
- Excludes Treasury securities and municipal securities held by state and local governments (lines 33 and 35) and federal government loans to state and local governments (line 55).
Last Update: March 8, 2018