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 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 5892.3 | 6041.6 | 6120.6 | 6054.1 | 6091.8 | 6175.4 | 6161.2 | 6264.3 | 6384.2 | 1 |
| General government; personal current taxes | FA366210005 | 1956.1 | 2045.8 | 2077.6 | 2074.9 | 2071.7 | 2086.5 | 2077.4 | 2156.9 | 2210.4 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1312.8 | 1364.5 | 1441.8 | 1415.8 | 1433.9 | 1442.3 | 1475.2 | 1472.3 | 1480.1 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 365.4 | 306.0 | 205.8 | 194.0 | 209.0 | 216.3 | 203.9 | 200.9 | 214.6 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 24.6 | 25.9 | 27.7 | 26.9 | 27.7 | 27.2 | 28.9 | 28.0 | 28.8 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1245.0 | 1304.6 | 1361.6 | 1349.1 | 1356.0 | 1367.5 | 1373.9 | 1413.0 | 1427.8 | 6 |
| General government; property income (received) | FA366150105 | 224.0 | 227.1 | 210.0 | 206.0 | 200.3 | 216.3 | 217.5 | 199.9 | 214.2 | 7 |
| General government; other current transfers received | FA366403105 | 767.0 | 770.3 | 802.6 | 791.0 | 798.4 | 826.5 | 794.4 | 804.9 | 821.2 | 8 |
| General government; operating surplus, net | FA366402105 | -2.6 | -2.5 | -6.5 | -3.5 | -5.2 | -7.3 | -9.9 | -11.5 | -12.9 | 9 |
| General government; current expenditures | FA366900015 | 6816.1 | 7014.4 | 7369.5 | 7246.8 | 7338.9 | 7406.8 | 7485.6 | 7599.0 | 7737.3 | 10 |
| General government; consumption expenditures | FA366901005 | 2671.4 | 2757.2 | 2904.3 | 2848.7 | 2890.4 | 2928.7 | 2949.4 | 2968.0 | 3008.4 | 11 |
| General government; social contributions paid | FA366404005 | 2735.5 | 2821.8 | 2940.8 | 2906.9 | 2932.5 | 2952.1 | 2971.6 | 3082.1 | 3129.0 | 12 |
| General government; other current transfers paid | FA366403005 | 611.6 | 612.4 | 641.8 | 629.3 | 647.9 | 641.9 | 648.2 | 662.3 | 663.6 | 13 |
| General government; interest paid | FA366130005 | 735.8 | 761.8 | 818.2 | 802.5 | 809.4 | 825.7 | 835.2 | 814.1 | 874.8 | 14 |
| General government; subsidies paid | FA366402005 | 61.8 | 61.1 | 64.4 | 59.3 | 58.6 | 58.4 | 81.3 | 72.5 | 61.6 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -923.8 | -972.8 | -1248.9 | -1192.6 | -1247.1 | -1231.5 | -1324.5 | -1334.7 | -1353.1 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 528.4 | 543.2 | 565.7 | 556.1 | 563.7 | 569.1 | 573.9 | 579.5 | 584.9 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.0 | -2.1 | -2.1 | -2.4 | -1.5 | -2.4 | -2.1 | -3.5 | -0.9 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -18.6 | -260.4 | -20.6 | -21.2 | -19.9 | -20.5 | -20.8 | -19.9 | -18.3 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -374.9 | -167.0 | -660.5 | -613.0 | -662.1 | -639.5 | -727.6 | -731.7 | -749.0 | 20 |
| General government; gross investment | FA365090005 | -257.0 | -56.2 | -540.1 | -1310.1 | -219.4 | -193.2 | -437.8 | -1419.6 | -504.9 | 21 |
| General government; gross fixed investment | FA365019005 | 635.2 | 654.8 | 687.2 | 672.6 | 686.7 | 693.9 | 695.4 | 715.1 | 731.5 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 4.7 | 11.6 | 13.6 | 13.8 | 13.9 | 14.2 | 12.5 | 8.4 | 13.1 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -897.0 | -722.5 | -1240.9 | -1996.5 | -920.0 | -901.3 | -1145.6 | -2143.1 | -1249.5 | 24 |
| General government; total financial assets | FA364090005 | 309.9 | 170.5 | 149.3 | 196.3 | 363.0 | 456.4 | -418.5 | 71.1 | -381.4 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 2.2 | -1.7 | 5.0 | -0.1 | 12.5 | -0.9 | 8.4 | 0.8 | 9.3 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 69.8 | -162.2 | 167.2 | 425.8 | 66.0 | 259.9 | -82.9 | -101.9 | -367.7 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 7.5 | 14.9 | 8.4 | -0.9 | 5.3 | 19.4 | 9.7 | 32.3 | 33.5 | 28 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 5.4 | 0.3 | -2.1 | -5.0 | -2.5 | -2.0 | 1.2 | 1.1 | 3.3 | 29 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 1.1 | -5.1 | -11.6 | -27.1 | 2.4 | 2.2 | -23.9 | 3.1 | -6.0 | 30 |
| General government; debt securities; asset | FA364022005 | 32.2 | -47.6 | -92.1 | -206.2 | 75.2 | 2.7 | -240.2 | -4.8 | -101.1 | 31 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -2.5 | -2.4 | -5.5 | -12.9 | 1.1 | 1.0 | -11.3 | 1.4 | -2.9 | 32 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 36.9 | -37.3 | -39.3 | -91.1 | 63.3 | -8.3 | -121.1 | -20.1 | -71.0 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -3.6 | -1.0 | -31.5 | -65.2 | 7.5 | 7.0 | -75.1 | 9.6 | -18.9 | 34 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.1 | -0.5 | -1.2 | -2.8 | 0.2 | 0.2 | -2.4 | 0.3 | -0.6 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 1.4 | -6.4 | -14.7 | -34.3 | 3.0 | 2.8 | -30.2 | 3.9 | -7.6 | 36 |
| General government; loans; asset | FA364023005 | 105.1 | 93.0 | 78.9 | 52.2 | 116.4 | 94.7 | 52.3 | 112.5 | 86.3 | 37 |
| General government; total mortgages; asset | FA363065005 | 5.2 | -6.1 | -14.7 | -36.8 | 6.0 | 6.5 | -34.4 | 6.6 | -21.0 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 99.6 | 96.3 | 90.7 | 93.1 | 95.9 | 88.2 | 85.4 | 83.4 | 93.3 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 0.2 | 2.8 | 2.8 | -4.2 | 14.4 | -0.1 | 1.3 | 22.5 | 14.0 | 40 |
| General government; corporate equities; asset | FA363064105 | 0.7 | -3.6 | -3.9 | -2.3 | 1.6 | 1.4 | -16.1 | 2.1 | -4.1 | 41 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 0.4 | -1.8 | -4.0 | -9.4 | 0.8 | 0.8 | -8.3 | 1.1 | -2.1 | 42 |
| General government; trade receivables; asset | FA363070005 | 21.3 | 10.8 | 25.8 | 9.7 | 32.6 | 46.2 | 14.7 | 7.4 | 30.2 | 43 |
| General government; taxes receivable; asset | FA363078005 | 50.1 | 267.3 | -24.1 | -25.2 | 37.0 | 16.5 | -124.6 | 6.8 | -64.4 | 44 |
| General government; total miscellaneous assets | FA363090005 | 14.2 | 6.2 | 1.9 | -15.1 | 15.9 | 15.6 | -8.7 | 10.8 | 1.2 | 45 |
| General government; total liabilities | FA364190005 | 1206.8 | 893.0 | 1390.2 | 2192.9 | 1283.0 | 1357.7 | 727.1 | 2214.2 | 868.1 | 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 | 874.8 | 444.9 | 1357.3 | 2878.9 | 962.0 | 990.2 | 597.9 | 852.7 | 298.0 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 842.8 | 447.0 | 1411.2 | 2978.5 | 978.8 | 1040.3 | 647.4 | 892.4 | 376.6 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -0.1 | -0.1 | -1.5 | 1.1 | -4.6 | -2.8 | 0.5 | -3.0 | -0.8 | 52 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 32.1 | -2.1 | -52.5 | -100.6 | -12.2 | -47.3 | -49.9 | -36.8 | -77.8 | 53 |
| General government; loans; liability | FA364123005 | 0.9 | 152.1 | -150.6 | -605.9 | 0.9 | 1.2 | 1.4 | 862.3 | 6.7 | 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 | -150.6 | -605.9 | 0.9 | 1.2 | 1.4 | 862.3 | 6.7 | 56 |
| General government; trade payables; liability | FA363170005 | 71.3 | 64.6 | 68.1 | 67.5 | 60.2 | 70.2 | 74.3 | 76.8 | 49.0 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.1 | -0.2 | 0.2 | 0.4 | -0.6 | 0.7 | 0.3 | 2.0 | -0.4 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 259.7 | 231.5 | 115.2 | -148.2 | 260.5 | 295.4 | 53.2 | 420.3 | 514.7 | 59 |
| General government; sector discrepancy | FA367005005 | -117.8 | -110.8 | -120.4 | 697.1 | -442.7 | -446.3 | -289.9 | 687.9 | -244.1 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 272.0 | 207.8 | 188.7 | 289.3 | 298.6 | 463.4 | -296.4 | 89.7 | -310.8 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1168.9 | 930.4 | 1429.6 | 2285.8 | 1218.6 | 1364.7 | 849.2 | 2232.8 | 938.7 | 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: September 20, 2019