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 | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6041.6 | 6120.6 | 6339.2 | 6175.4 | 6161.2 | 6264.3 | 6364.1 | 6352.4 | 6375.8 | 1 |
| General government; personal current taxes | FA366210005 | 2045.8 | 2077.6 | 2181.5 | 2086.5 | 2077.4 | 2156.9 | 2200.1 | 2175.3 | 2193.8 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1364.5 | 1441.8 | 1494.4 | 1442.3 | 1475.2 | 1472.3 | 1479.3 | 1507.6 | 1518.4 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 306.0 | 205.8 | 200.2 | 216.3 | 203.9 | 200.9 | 212.6 | 196.7 | 190.7 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 25.9 | 27.7 | 28.6 | 27.2 | 28.9 | 28.0 | 28.6 | 28.5 | 29.3 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1304.6 | 1361.6 | 1424.9 | 1367.5 | 1373.9 | 1413.0 | 1421.7 | 1426.7 | 1438.1 | 6 |
| General government; property income (received) | FA366150105 | 227.1 | 210.0 | 201.2 | 216.3 | 217.5 | 199.9 | 213.5 | 191.9 | 199.4 | 7 |
| General government; other current transfers received | FA366403105 | 770.3 | 802.6 | 820.4 | 826.5 | 794.4 | 804.9 | 821.2 | 838.4 | 817.3 | 8 |
| General government; operating surplus, net | FA366402105 | -2.5 | -6.5 | -12.0 | -7.3 | -9.9 | -11.5 | -12.9 | -12.6 | -11.0 | 9 |
| General government; current expenditures | FA366900015 | 7014.4 | 7369.5 | 7750.5 | 7406.8 | 7485.6 | 7599.0 | 7737.1 | 7805.0 | 7860.8 | 10 |
| General government; consumption expenditures | FA366901005 | 2757.2 | 2904.3 | 3018.5 | 2928.7 | 2949.4 | 2968.0 | 3008.4 | 3034.2 | 3063.6 | 11 |
| General government; social contributions paid | FA366404005 | 2821.8 | 2940.8 | 3141.0 | 2952.1 | 2971.6 | 3082.1 | 3127.9 | 3165.3 | 3188.8 | 12 |
| General government; other current transfers paid | FA366403005 | 612.4 | 641.8 | 668.0 | 641.9 | 648.2 | 662.3 | 663.5 | 668.3 | 677.8 | 13 |
| General government; interest paid | FA366130005 | 761.8 | 818.2 | 848.2 | 825.7 | 835.2 | 814.1 | 875.4 | 854.5 | 848.7 | 14 |
| General government; subsidies paid | FA366402005 | 61.1 | 64.4 | 74.7 | 58.4 | 81.3 | 72.5 | 61.9 | 82.6 | 82.0 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -972.8 | -1248.9 | -1411.3 | -1231.5 | -1324.5 | -1334.7 | -1373.0 | -1452.6 | -1485.0 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 543.2 | 565.7 | 586.9 | 569.1 | 573.9 | 579.5 | 584.6 | 589.8 | 593.6 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.1 | -2.1 | -2.3 | -2.4 | -2.1 | -3.5 | -0.9 | -2.3 | -2.7 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -260.4 | -20.6 | -17.4 | -20.5 | -20.8 | -19.9 | -18.1 | -16.6 | -15.0 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -167.0 | -660.5 | -804.7 | -639.5 | -727.6 | -731.7 | -769.4 | -843.8 | -873.8 | 20 |
| General government; gross investment | FA365090005 | -61.9 | -554.9 | -749.8 | -228.8 | -289.0 | -1554.4 | -624.1 | -479.2 | -341.4 | 21 |
| General government; gross fixed investment | FA365019005 | 654.8 | 687.2 | 734.9 | 693.9 | 695.4 | 715.1 | 733.9 | 738.5 | 752.1 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 11.6 | 13.6 | 12.1 | 14.2 | 12.5 | 8.4 | 13.1 | 13.0 | 13.8 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -728.2 | -1255.6 | -1496.8 | -936.9 | -996.8 | -2278.0 | -1371.1 | -1230.7 | -1107.2 | 24 |
| General government; total financial assets | FA364090005 | 164.9 | 135.7 | -26.6 | 422.8 | -267.8 | -85.2 | -511.1 | 483.8 | 6.0 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | -1.7 | 5.0 | 7.2 | -0.9 | 8.4 | 0.8 | 9.3 | 7.4 | 11.2 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | -172.6 | 165.9 | 7.2 | 259.6 | -88.2 | -94.3 | -367.9 | 541.3 | -50.2 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 14.5 | 8.0 | 20.8 | 19.4 | 9.4 | 33.4 | 30.5 | 14.8 | 4.4 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 0.3 | -2.1 | 4.7 | -2.0 | 1.2 | 1.1 | 3.3 | 6.2 | 8.3 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 2.2 | -11.4 | -2.0 | 2.4 | -23.5 | 1.0 | -6.7 | -4.6 | 2.2 | 30 |
| General government; debt securities; asset | FA364022005 | -4.1 | -104.2 | -89.3 | 40.1 | -303.4 | -114.8 | -218.8 | -80.3 | 56.5 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | 1.0 | -5.4 | -1.0 | 1.1 | -11.2 | 0.5 | -3.2 | -2.2 | 1.1 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -8.9 | -62.0 | -45.3 | 21.8 | -167.2 | -64.2 | -129.4 | -25.9 | 38.1 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 4.8 | -33.8 | -22.4 | 13.1 | -100.7 | -21.5 | -51.9 | -31.7 | 15.6 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | -0.2 | -0.8 | -0.9 | 0.9 | -2.7 | -1.1 | -1.6 | -1.0 | 0.3 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -0.8 | -2.3 | -19.8 | 3.2 | -21.7 | -28.4 | -32.6 | -19.6 | 1.3 | 36 |
| General government; loans; asset | FA364023005 | 103.0 | 79.2 | 99.1 | 95.3 | 55.0 | 110.6 | 77.6 | 123.3 | 84.7 | 37 |
| General government; total mortgages; asset | FA363065005 | 3.9 | -14.3 | -2.4 | 7.1 | -31.8 | 4.7 | -23.4 | 4.1 | 4.9 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 96.3 | 90.7 | 83.3 | 88.2 | 85.4 | 83.4 | 92.4 | 88.9 | 68.3 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 2.8 | 2.8 | 18.2 | -0.1 | 1.3 | 22.5 | 8.6 | 30.4 | 11.5 | 40 |
| General government; corporate equities; asset | FA363064105 | -3.5 | 0.6 | -3.4 | -3.5 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | 41 |
| State and local governments; mutual fund shares; asset | FA213064203 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 42 |
| General government; trade receivables; asset | FA363070005 | 10.9 | 26.0 | 10.5 | 45.3 | 16.5 | 5.7 | 21.8 | 10.0 | 4.6 | 43 |
| General government; taxes receivable; asset | FA363078005 | 232.0 | -41.4 | -97.0 | -4.2 | -41.8 | -84.8 | -127.2 | -126.6 | -49.1 | 44 |
| General government; total miscellaneous assets | FA363090005 | -17.2 | 9.0 | 14.5 | -29.9 | 100.9 | 58.4 | 69.2 | -5.5 | -64.3 | 45 |
| General government; total liabilities | FA364190005 | 893.1 | 1391.3 | 1470.1 | 1359.8 | 729.0 | 2192.8 | 860.0 | 1714.5 | 1113.2 | 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 | 445.0 | 1358.3 | 1183.3 | 991.8 | 599.9 | 849.5 | 298.1 | 2709.9 | 875.6 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 447.0 | 1411.2 | 1176.6 | 1040.3 | 647.4 | 892.4 | 376.6 | 2695.3 | 742.1 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -0.1 | -1.5 | -1.7 | -2.8 | 0.5 | -3.0 | -0.8 | -2.2 | -1.0 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -2.0 | -51.5 | 8.4 | -45.7 | -48.0 | -40.0 | -77.7 | 16.7 | 134.6 | 53 |
| General government; loans; liability | FA364123005 | 152.1 | -150.6 | 17.6 | 1.2 | 1.4 | 862.3 | 6.7 | -770.7 | -27.9 | 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 | 152.1 | -150.6 | 17.6 | 1.2 | 1.4 | 862.3 | 6.7 | -770.7 | -27.9 | 56 |
| General government; trade payables; liability | FA363170005 | 64.7 | 68.2 | 58.1 | 70.6 | 74.3 | 76.8 | 49.2 | 52.3 | 53.8 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | -0.2 | 0.2 | 0.9 | 0.7 | 0.3 | 2.0 | -0.4 | 1.6 | 0.3 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 231.5 | 115.2 | 210.3 | 295.4 | 53.2 | 402.1 | 506.4 | -278.7 | 211.4 | 59 |
| General government; sector discrepancy | FA367005005 | -105.1 | -105.7 | -54.9 | -410.7 | -438.7 | 822.8 | -145.3 | -364.6 | -532.4 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 173.5 | 197.4 | 17.8 | 399.0 | -99.3 | -21.0 | -381.1 | 506.8 | -33.6 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 901.7 | 1453.0 | 1514.5 | 1335.9 | 897.5 | 2257.0 | 990.0 | 1737.5 | 1073.7 | 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: March 12, 2020