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 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 5892.3 | 6041.6 | 6120.6 | 6346.7 | 6264.3 | 6364.1 | 6352.4 | 6405.8 | 6420.6 | 1 |
| General government; personal current taxes | FA366210005 | 1956.1 | 2045.8 | 2077.6 | 2183.2 | 2156.9 | 2200.1 | 2175.3 | 2200.3 | 2214.1 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1312.8 | 1364.5 | 1441.8 | 1494.8 | 1472.3 | 1479.3 | 1507.6 | 1520.0 | 1536.8 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 365.4 | 306.0 | 205.8 | 205.1 | 200.9 | 212.6 | 196.7 | 210.3 | 183.3 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 24.6 | 25.9 | 27.7 | 28.4 | 28.0 | 28.6 | 28.5 | 28.7 | 29.7 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1245.0 | 1304.6 | 1361.6 | 1425.8 | 1413.0 | 1421.7 | 1426.7 | 1441.8 | 1454.9 | 6 |
| General government; property income (received) | FA366150105 | 224.0 | 227.1 | 210.0 | 201.1 | 199.9 | 213.5 | 191.9 | 199.2 | 195.0 | 7 |
| General government; other current transfers received | FA366403105 | 767.0 | 770.3 | 802.6 | 820.4 | 804.9 | 821.2 | 838.4 | 817.2 | 825.3 | 8 |
| General government; operating surplus, net | FA366402105 | -2.6 | -2.5 | -6.5 | -12.2 | -11.5 | -12.9 | -12.6 | -11.7 | -18.6 | 9 |
| General government; current expenditures | FA366900015 | 6816.1 | 7014.4 | 7369.5 | 7750.7 | 7599.0 | 7737.1 | 7805.0 | 7861.6 | 7985.0 | 10 |
| General government; consumption expenditures | FA366901005 | 2671.4 | 2757.2 | 2904.3 | 3018.4 | 2968.0 | 3008.4 | 3034.2 | 3063.2 | 3095.4 | 11 |
| General government; social contributions paid | FA366404005 | 2735.5 | 2821.8 | 2940.8 | 3141.2 | 3082.1 | 3127.9 | 3165.3 | 3189.6 | 3267.4 | 12 |
| General government; other current transfers paid | FA366403005 | 611.6 | 612.4 | 641.8 | 668.0 | 662.3 | 663.5 | 668.3 | 677.8 | 695.0 | 13 |
| General government; interest paid | FA366130005 | 735.8 | 761.8 | 818.2 | 848.3 | 814.1 | 875.4 | 854.5 | 849.0 | 851.2 | 14 |
| General government; subsidies paid | FA366402005 | 61.8 | 61.1 | 64.4 | 74.7 | 72.5 | 61.9 | 82.6 | 82.0 | 75.9 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -923.8 | -972.8 | -1248.9 | -1404.0 | -1334.7 | -1373.0 | -1452.6 | -1455.8 | -1564.5 | 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 | 586.8 | 579.5 | 584.6 | 589.8 | 593.4 | 597.7 | 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 | -2.1 | -3.2 | -0.6 | -2.0 | -2.4 | -3.7 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -18.6 | -260.4 | -20.6 | -17.4 | -19.9 | -18.1 | -16.6 | -15.1 | -16.4 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -374.9 | -167.0 | -660.6 | -797.7 | -732.0 | -769.7 | -844.1 | -844.9 | -946.7 | 20 |
| General government; gross investment | FA365090005 | -186.5 | -73.8 | -591.3 | -738.1 | -1554.0 | -611.6 | -470.9 | -315.8 | -1707.7 | 21 |
| General government; gross fixed investment | FA365019005 | 635.2 | 654.8 | 687.2 | 734.5 | 715.1 | 733.9 | 738.5 | 750.5 | 755.3 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 4.7 | 11.6 | 13.6 | 12.1 | 8.4 | 13.1 | 13.0 | 13.8 | 13.1 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -826.4 | -740.1 | -1292.1 | -1484.6 | -2277.5 | -1358.6 | -1222.4 | -1080.1 | -2476.0 | 24 |
| General government; total financial assets | FA364090005 | 382.9 | 152.6 | 136.5 | 43.3 | -83.2 | -496.4 | 642.3 | 110.3 | 652.9 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 2.2 | -1.7 | 5.0 | 4.6 | 0.8 | 9.3 | 7.4 | 0.8 | 3.4 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 71.6 | -172.6 | 165.9 | 7.2 | -94.3 | -367.9 | 541.3 | -50.3 | 644.9 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 8.0 | 14.5 | 8.0 | 20.0 | 33.4 | 30.5 | 14.8 | 1.3 | 59.5 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 5.4 | 0.3 | -2.1 | 0.2 | -2.0 | -0.1 | 2.2 | 0.8 | 15.5 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 7.4 | 1.8 | -12.1 | 2.2 | 1.4 | -6.4 | 7.5 | 6.3 | 6.3 | 30 |
| General government; debt securities; asset | FA364022005 | 105.9 | -7.3 | -109.7 | -27.3 | -111.9 | -217.7 | 26.3 | 194.2 | -106.3 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | 0.5 | 0.9 | -5.7 | 1.0 | 0.7 | -3.1 | 3.6 | 3.0 | -3.0 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 72.4 | -10.2 | -64.4 | -3.9 | -62.8 | -129.0 | 21.0 | 155.4 | -157.1 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 25.9 | 3.6 | -35.8 | -9.3 | -20.4 | -51.4 | 6.0 | 28.7 | 6.9 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 1.0 | -0.2 | -0.8 | -0.4 | -1.1 | -1.6 | 0.2 | 0.7 | 1.5 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 6.1 | -1.3 | -2.9 | -14.7 | -28.2 | -32.6 | -4.5 | 6.4 | 45.4 | 36 |
| General government; loans; asset | FA364023005 | 115.0 | 102.4 | 78.2 | 103.6 | 111.4 | 78.1 | 141.0 | 84.1 | 75.0 | 37 |
| General government; total mortgages; asset | FA363065005 | 15.1 | 3.4 | -15.4 | 4.2 | 5.4 | -22.9 | 23.1 | 11.3 | 16.0 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 99.6 | 96.3 | 90.7 | 83.1 | 83.4 | 92.4 | 88.9 | 67.8 | 77.4 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 0.2 | 2.8 | 2.8 | 16.3 | 22.5 | 8.6 | 29.1 | 5.0 | -18.4 | 40 |
| General government; corporate equities; asset | FA363064105 | -3.5 | -3.5 | 0.6 | -3.4 | -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 | 21.3 | 6.3 | 38.2 | 9.3 | 4.8 | 22.5 | 9.7 | 0.1 | -13.6 | 43 |
| General government; taxes receivable; asset | FA363078005 | 34.5 | 229.0 | -44.3 | -97.0 | -83.8 | -112.3 | -123.5 | -68.4 | -107.0 | 44 |
| General government; total miscellaneous assets | FA363090005 | 13.8 | -17.9 | 7.7 | 22.6 | 59.3 | 69.7 | 17.8 | -56.5 | 77.4 | 45 |
| General government; total liabilities | FA364190005 | 1209.4 | 892.8 | 1428.6 | 1527.9 | 2194.4 | 862.2 | 1864.7 | 1190.4 | 3128.9 | 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 | 876.0 | 446.5 | 1358.7 | 1183.7 | 849.5 | 297.5 | 2708.7 | 878.9 | 2737.3 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 842.8 | 447.0 | 1411.2 | 1176.6 | 892.4 | 376.6 | 2695.3 | 742.1 | 2734.7 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -0.1 | -0.1 | -1.5 | -1.7 | -3.0 | -0.8 | -2.2 | -1.0 | -0.1 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | 33.3 | -0.4 | -51.0 | 8.8 | -40.0 | -78.3 | 15.6 | 137.8 | 2.7 | 53 |
| General government; loans; liability | FA364123005 | 0.9 | 152.1 | -150.6 | 17.6 | 862.3 | 6.7 | -770.7 | -27.9 | -0.1 | 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 | 17.6 | 862.3 | 6.7 | -770.7 | -27.9 | -0.1 | 56 |
| General government; trade payables; liability | FA363170005 | 72.6 | 62.8 | 105.0 | 67.2 | 78.4 | 52.0 | 50.8 | 87.6 | 65.5 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.1 | -0.2 | 0.2 | 0.9 | 2.0 | -0.4 | 1.6 | 0.3 | -0.6 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 259.7 | 231.5 | 115.3 | 258.5 | 402.1 | 506.4 | -125.7 | 251.4 | 326.8 | 59 |
| General government; sector discrepancy | FA367005005 | -188.3 | -93.2 | -69.3 | -59.6 | 822.1 | -158.1 | -373.2 | -529.1 | 761.0 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 308.6 | 162.6 | 200.7 | 45.8 | -20.3 | -366.8 | 617.3 | -46.9 | 808.0 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1135.0 | 902.8 | 1492.8 | 1530.5 | 2257.2 | 991.8 | 1839.7 | 1033.2 | 3284.0 | 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 11, 2020