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 | 2016 | 2017 | 2018 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 5897.4 | 6043.0 | 6089.8 | 6091.3 | 6062.6 | 5992.3 | 6037.0 | 6163.8 | 6165.8 | 1 |
| General government; personal current taxes | FA366210005 | 1954.3 | 2034.6 | 2050.4 | 2048.5 | 2070.9 | 2030.0 | 2035.3 | 2064.9 | 2071.3 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1303.7 | 1347.2 | 1428.5 | 1353.7 | 1370.0 | 1397.9 | 1413.4 | 1435.2 | 1467.4 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 381.0 | 337.6 | 217.6 | 349.9 | 320.4 | 198.7 | 221.6 | 230.7 | 219.4 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 24.0 | 25.4 | 27.3 | 25.6 | 26.4 | 26.3 | 27.3 | 27.0 | 28.4 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1245.0 | 1303.8 | 1366.5 | 1311.1 | 1322.5 | 1348.9 | 1357.8 | 1372.8 | 1386.6 | 6 |
| General government; property income (received) | FA366150105 | 223.0 | 221.4 | 209.0 | 215.3 | 195.9 | 209.0 | 200.0 | 214.1 | 213.0 | 7 |
| General government; other current transfers received | FA366403105 | 768.7 | 778.0 | 802.5 | 792.5 | 764.6 | 792.3 | 794.5 | 832.1 | 790.9 | 8 |
| General government; operating surplus, net | FA366402105 | -2.3 | -4.9 | -12.0 | -5.4 | -8.2 | -10.8 | -12.9 | -13.0 | -11.2 | 9 |
| General government; current expenditures | FA366900015 | 6808.3 | 6997.5 | 7312.8 | 7006.6 | 7111.1 | 7192.6 | 7273.1 | 7355.9 | 7429.8 | 10 |
| General government; consumption expenditures | FA366901005 | 2659.5 | 2731.3 | 2843.8 | 2732.1 | 2765.9 | 2797.0 | 2831.0 | 2864.0 | 2883.2 | 11 |
| General government; social contributions paid | FA366404005 | 2738.3 | 2825.8 | 2943.1 | 2842.2 | 2854.1 | 2898.6 | 2928.4 | 2958.6 | 2987.0 | 12 |
| General government; other current transfers paid | FA366403005 | 611.7 | 611.7 | 635.2 | 615.8 | 619.1 | 627.9 | 640.0 | 641.0 | 631.8 | 13 |
| General government; interest paid | FA366130005 | 736.9 | 767.5 | 824.5 | 753.3 | 807.8 | 808.5 | 814.6 | 832.2 | 842.5 | 14 |
| General government; subsidies paid | FA366402005 | 61.8 | 61.3 | 66.3 | 63.0 | 64.2 | 60.5 | 59.2 | 60.0 | 85.3 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -910.9 | -954.5 | -1223.1 | -915.3 | -1048.5 | -1200.2 | -1236.1 | -1192.1 | -1264.0 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 527.0 | 541.5 | 561.3 | 543.8 | 547.5 | 552.3 | 559.3 | 564.3 | 569.2 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.0 | -2.1 | -2.0 | -2.4 | -1.1 | -2.4 | -1.5 | -2.5 | -1.7 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -18.6 | -252.6 | -16.4 | 49.0 | -1021.0 | -21.5 | -20.0 | -3.2 | -21.0 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -363.4 | -158.2 | -643.3 | -418.0 | 521.2 | -624.0 | -655.3 | -622.0 | -672.0 | 20 |
| General government; gross investment | FA365090005 | -259.7 | -75.5 | -561.2 | -223.0 | 1218.1 | -1195.5 | -511.7 | -294.3 | -243.1 | 21 |
| General government; gross fixed investment | FA365019005 | 631.5 | 643.2 | 678.7 | 640.2 | 653.2 | 659.8 | 675.6 | 686.5 | 692.8 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 4.4 | 11.3 | 13.8 | 6.3 | 13.2 | 13.5 | 13.6 | 14.0 | 14.1 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -895.5 | -730.0 | -1253.6 | -869.4 | 551.8 | -1868.8 | -1200.9 | -994.7 | -950.0 | 24 |
| General government; total financial assets | FA364090005 | 311.2 | 205.6 | 296.7 | 159.2 | 1349.2 | 319.7 | 461.7 | 609.3 | -203.8 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 2.2 | -1.7 | 6.0 | -0.3 | -6.1 | -0.1 | 12.5 | -0.9 | 12.6 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 69.9 | -159.5 | 170.3 | -9.7 | 16.5 | 449.3 | 172.7 | 273.1 | -213.6 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 6.4 | 14.9 | 9.9 | 23.3 | 41.8 | -3.0 | 0.9 | 27.8 | 13.9 | 28 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 5.4 | 1.8 | 1.3 | 4.5 | 4.0 | -1.8 | 0.9 | 1.5 | 4.6 | 29 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 1.3 | -3.3 | -1.4 | -3.6 | 5.0 | -16.3 | 6.7 | 10.6 | -6.5 | 30 |
| General government; debt securities; asset | FA364022005 | 34.0 | -31.6 | -1.2 | -35.2 | 78.2 | -103.1 | 107.4 | 85.5 | -94.6 | 31 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -2.4 | -1.6 | -0.7 | -1.7 | 2.4 | -7.7 | 3.2 | 5.0 | -3.1 | 32 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 37.6 | -30.2 | 0.8 | -37.1 | 53.3 | -42.0 | 74.2 | 32.8 | -61.9 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -3.0 | 4.7 | 0.6 | 8.6 | 15.7 | -31.1 | 21.0 | 33.2 | -20.6 | 34 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.1 | -0.3 | -0.1 | -0.4 | 0.5 | -1.7 | 0.7 | 1.1 | -0.7 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 1.6 | -4.2 | -1.8 | -4.6 | 6.3 | -20.6 | 8.4 | 13.4 | -8.3 | 36 |
| General government; loans; asset | FA364023005 | 105.3 | 94.4 | 102.5 | 106.6 | 96.8 | 68.1 | 126.0 | 115.3 | 100.8 | 37 |
| General government; total mortgages; asset | FA363065005 | 5.6 | -3.2 | 1.4 | 2.5 | 10.4 | -19.7 | 12.8 | 19.7 | -7.1 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 99.6 | 96.3 | 91.5 | 98.3 | 86.4 | 92.0 | 99.1 | 89.2 | 85.6 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 0.2 | 1.3 | 9.7 | 5.9 | 0.0 | -4.2 | 14.2 | 6.4 | 22.3 | 40 |
| General government; corporate equities; asset | FA363064105 | 0.8 | -2.4 | 3.0 | -2.5 | 3.4 | 5.0 | 4.5 | 7.0 | -4.4 | 41 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 0.4 | -1.1 | -0.5 | -1.3 | 1.7 | -5.6 | 2.3 | 3.7 | -2.3 | 42 |
| General government; trade receivables; asset | FA363070005 | 23.1 | 20.1 | 26.6 | 37.0 | 20.7 | 8.0 | 36.4 | 48.5 | 13.3 | 43 |
| General government; taxes receivable; asset | FA363078005 | 47.9 | 266.2 | -31.1 | 32.0 | 1063.2 | -75.5 | -28.4 | 14.0 | -34.6 | 44 |
| General government; total miscellaneous assets | FA363090005 | 14.4 | 7.9 | 11.2 | 8.3 | 23.7 | -5.3 | 19.8 | 23.2 | 7.1 | 45 |
| General government; total liabilities | FA364190005 | 1206.8 | 935.6 | 1550.3 | 1028.6 | 797.4 | 2188.5 | 1662.6 | 1604.0 | 746.3 | 46 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 48 |
| Federal government; Treasury currency; liability | FA313112003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 874.1 | 444.0 | 1355.8 | 1615.6 | -231.9 | 2737.0 | 1173.5 | 1138.4 | 374.4 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 842.8 | 447.0 | 1411.2 | 1636.1 | -339.8 | 2827.3 | 1190.6 | 1183.2 | 443.8 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -0.1 | -0.1 | -1.5 | -0.1 | 0.1 | 1.1 | -4.6 | -2.8 | 0.5 | 52 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 31.5 | -2.9 | -54.0 | -20.4 | 107.8 | -91.4 | -12.6 | -42.1 | -69.9 | 53 |
| General government; loans; liability | FA364123005 | 0.9 | 152.1 | -150.8 | -517.2 | 559.2 | -605.9 | 0.9 | 1.2 | 0.7 | 54 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 55 |
| General government; other loans and advances; liability | FA363169005 | 0.9 | 152.1 | -150.8 | -517.2 | 559.2 | -605.9 | 0.9 | 1.2 | 0.7 | 56 |
| General government; trade payables; liability | FA363170005 | 72.4 | 68.0 | 71.5 | 76.7 | 83.8 | 65.7 | 59.9 | 76.1 | 84.2 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.1 | -0.2 | 0.2 | 0.6 | 0.3 | 0.4 | -0.6 | 0.7 | 0.3 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 259.1 | 271.6 | 273.7 | -147.1 | 386.0 | -8.7 | 428.9 | 387.6 | 286.8 | 59 |
| General government; sector discrepancy | FA367005005 | -103.7 | -82.7 | -82.2 | -195.0 | -696.9 | 571.5 | -143.6 | -327.7 | -428.9 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 272.5 | 235.7 | 295.2 | 196.3 | 1294.7 | 362.5 | 386.0 | 574.2 | -141.9 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1168.1 | 965.7 | 1548.8 | 1065.8 | 742.9 | 2231.3 | 1586.9 | 1568.9 | 808.2 | 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 63 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 56).
Last Update: March 7, 2019