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 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 5814.9 | 5897.4 | 6043.0 | 6084.5 | 5992.3 | 6037.0 | 6163.8 | 6144.8 | 6204.5 | 1 |
| General government; personal current taxes | FA366210005 | 1935.2 | 1954.3 | 2034.6 | 2047.8 | 2030.0 | 2035.3 | 2064.9 | 2060.9 | 2102.9 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1269.9 | 1303.7 | 1347.2 | 1428.9 | 1397.9 | 1413.4 | 1435.2 | 1469.0 | 1471.5 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 385.9 | 381.0 | 337.6 | 217.8 | 198.7 | 221.6 | 230.7 | 220.4 | 229.2 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 23.0 | 24.0 | 25.4 | 27.4 | 26.3 | 27.3 | 27.0 | 29.1 | 28.3 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1210.6 | 1245.0 | 1303.8 | 1364.7 | 1348.9 | 1357.8 | 1372.8 | 1379.4 | 1399.6 | 6 |
| General government; property income (received) | FA366150105 | 244.8 | 223.0 | 221.4 | 209.3 | 209.0 | 200.0 | 214.1 | 214.2 | 193.2 | 7 |
| General government; other current transfers received | FA366403105 | 751.4 | 768.7 | 778.0 | 801.1 | 792.3 | 794.5 | 832.1 | 785.5 | 792.0 | 8 |
| General government; operating surplus, net | FA366402105 | -5.8 | -2.3 | -4.9 | -12.6 | -10.8 | -12.9 | -13.0 | -13.6 | -12.1 | 9 |
| General government; current expenditures | FA366900015 | 6607.4 | 6808.3 | 6997.5 | 7312.2 | 7192.6 | 7273.1 | 7355.9 | 7427.4 | 7521.0 | 10 |
| General government; consumption expenditures | FA366901005 | 2612.7 | 2659.5 | 2731.3 | 2843.2 | 2797.0 | 2831.0 | 2864.0 | 2880.9 | 2888.4 | 11 |
| General government; social contributions paid | FA366404005 | 2652.9 | 2738.3 | 2825.8 | 2942.9 | 2898.6 | 2928.4 | 2958.6 | 2986.0 | 3097.1 | 12 |
| General government; other current transfers paid | FA366403005 | 586.1 | 611.7 | 611.7 | 635.2 | 627.9 | 640.0 | 641.0 | 631.8 | 639.4 | 13 |
| General government; interest paid | FA366130005 | 698.5 | 736.9 | 767.5 | 824.7 | 808.5 | 814.6 | 832.2 | 843.4 | 821.7 | 14 |
| General government; subsidies paid | FA366402005 | 57.3 | 61.8 | 61.3 | 66.3 | 60.5 | 59.2 | 60.0 | 85.3 | 74.5 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -792.5 | -910.9 | -954.5 | -1227.7 | -1200.2 | -1236.1 | -1192.1 | -1282.6 | -1316.4 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 522.2 | 527.0 | 541.5 | 561.3 | 552.3 | 559.3 | 564.3 | 569.2 | 573.4 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.4 | -2.0 | -2.1 | -2.0 | -2.4 | -1.5 | -2.5 | -1.7 | -3.5 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -17.6 | -18.6 | -252.6 | -16.4 | -21.5 | -20.0 | -3.2 | -21.0 | -19.8 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -250.3 | -363.4 | -158.2 | -648.0 | -624.0 | -655.3 | -622.0 | -690.6 | -719.8 | 20 |
| General government; gross investment | FA365090005 | -129.2 | -257.7 | -69.2 | -554.8 | -1195.7 | -511.1 | -293.4 | -219.0 | -1176.8 | 21 |
| General government; gross fixed investment | FA365019005 | 621.5 | 631.5 | 643.2 | 677.6 | 659.8 | 675.6 | 686.5 | 688.5 | 712.4 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | -18.8 | 4.4 | 11.3 | 13.2 | 13.5 | 13.6 | 14.0 | 11.6 | 8.4 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -731.9 | -893.6 | -723.7 | -1245.6 | -1869.0 | -1200.3 | -993.9 | -919.1 | -1897.6 | 24 |
| General government; total financial assets | FA364090005 | 251.1 | 311.8 | 206.4 | 184.7 | 319.2 | 462.8 | 549.5 | -592.6 | -135.3 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | -6.4 | 2.2 | -1.7 | 5.0 | -0.1 | 12.5 | -0.9 | 8.4 | 2.0 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 99.1 | 69.8 | -159.5 | 169.4 | 449.7 | 172.3 | 269.8 | -214.1 | -63.0 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 14.4 | 7.5 | 14.9 | 8.4 | -7.0 | 1.3 | 27.7 | 11.5 | 25.2 | 28 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | -0.2 | 5.4 | 0.3 | -2.1 | -5.0 | -2.5 | -2.0 | 1.2 | 1.1 | 29 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 4.8 | 1.2 | -2.5 | -9.3 | -15.8 | 7.0 | 6.7 | -35.1 | -18.3 | 30 |
| General government; debt securities; asset | FA364022005 | -16.1 | 33.1 | -24.5 | -71.7 | -99.3 | 110.0 | 51.3 | -348.6 | -109.1 | 31 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -4.9 | -2.4 | -1.2 | -4.4 | -7.5 | 3.3 | 3.2 | -16.6 | -14.0 | 32 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 22.9 | 37.2 | -27.1 | -30.3 | -40.3 | 75.3 | 17.8 | -173.8 | -57.5 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -37.5 | -3.3 | 7.2 | -24.3 | -29.8 | 21.9 | 21.1 | -110.2 | -26.2 | 34 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.3 | 0.1 | -0.3 | -0.9 | -1.6 | 0.7 | 0.7 | -3.6 | -0.8 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 3.1 | 1.5 | -3.1 | -11.8 | -20.0 | 8.8 | 8.5 | -44.4 | -10.6 | 36 |
| General government; loans; asset | FA364023005 | 109.5 | 105.2 | 95.6 | 83.8 | 68.7 | 126.5 | 108.4 | 31.7 | 83.1 | 37 |
| General government; total mortgages; asset | FA363065005 | 4.0 | 5.4 | -2.0 | -11.0 | -19.1 | 13.2 | 13.6 | -51.9 | -11.3 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 103.4 | 99.6 | 96.3 | 90.7 | 92.0 | 99.1 | 89.2 | 82.4 | 80.4 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 2.1 | 0.2 | 1.3 | 4.2 | -4.2 | 14.2 | 5.5 | 1.1 | 14.0 | 40 |
| General government; corporate equities; asset | FA363064105 | 1.7 | 0.7 | -1.8 | -2.3 | 5.3 | 4.7 | 4.5 | -23.6 | -5.6 | 41 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 0.9 | 0.4 | -0.9 | -3.2 | -5.5 | 2.4 | 2.3 | -12.2 | -2.9 | 42 |
| General government; trade receivables; asset | FA363070005 | 13.2 | 21.3 | 10.8 | 27.1 | 8.1 | 35.3 | 47.4 | 17.7 | 20.8 | 43 |
| General government; taxes receivable; asset | FA363078005 | 6.7 | 50.8 | 267.2 | -24.4 | -74.9 | -26.5 | 14.6 | -10.6 | -58.8 | 44 |
| General government; total miscellaneous assets | FA363090005 | 23.5 | 14.3 | 8.6 | 4.0 | -4.9 | 20.1 | 19.7 | -18.9 | -9.6 | 45 |
| General government; total liabilities | FA364190005 | 982.9 | 1205.4 | 930.1 | 1430.3 | 2188.2 | 1663.0 | 1543.4 | 326.5 | 1762.3 | 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 | 734.0 | 874.3 | 444.9 | 1356.3 | 2736.5 | 1174.6 | 1137.5 | 376.7 | 677.2 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 724.4 | 842.8 | 447.0 | 1411.2 | 2827.3 | 1190.6 | 1183.2 | 443.8 | 704.7 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | 0.2 | -0.1 | -0.1 | -1.5 | 1.1 | -4.6 | -2.8 | 0.5 | -3.0 | 52 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 9.5 | 31.6 | -2.0 | -53.4 | -91.8 | -11.4 | -42.9 | -67.6 | -24.5 | 53 |
| General government; loans; liability | FA364123005 | 0.3 | 0.9 | 152.1 | -150.6 | -605.9 | 0.9 | 1.2 | 1.4 | 830.3 | 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 | 0.3 | 0.9 | 152.1 | -150.6 | -605.9 | 0.9 | 1.2 | 1.4 | 830.3 | 56 |
| General government; trade payables; liability | FA363170005 | 56.9 | 71.0 | 61.7 | 66.2 | 65.8 | 59.3 | 74.7 | 64.9 | 75.1 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | -0.1 | 0.1 | -0.2 | 0.2 | 0.4 | -0.6 | 0.7 | 0.3 | 2.0 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 191.9 | 259.1 | 271.6 | 158.2 | -8.7 | 428.9 | 329.3 | -116.8 | 177.7 | 59 |
| General government; sector discrepancy | FA367005005 | -121.0 | -105.7 | -89.0 | -93.2 | 571.7 | -144.2 | -328.6 | -471.6 | 457.0 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 227.6 | 273.5 | 233.3 | 214.8 | 360.3 | 385.9 | 529.9 | -416.7 | -78.1 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 959.5 | 1167.1 | 957.0 | 1460.4 | 2229.3 | 1586.2 | 1523.8 | 502.4 | 1819.6 | 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: June 6, 2019