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 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6039.5 | 6210.8 | 6454.1 | 6368.7 | 6476.8 | 6451.3 | 6519.6 | 6538.0 | 6957.7 | 1 |
| General government; personal current taxes | FA366210005 | 2046.7 | 2085.3 | 2202.9 | 2170.7 | 2222.5 | 2197.1 | 2221.2 | 2252.4 | 2095.3 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1364.0 | 1444.8 | 1491.4 | 1473.8 | 1480.7 | 1501.6 | 1509.6 | 1530.0 | 1432.5 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 299.6 | 271.0 | 286.8 | 282.3 | 292.9 | 271.4 | 300.8 | 243.2 | 227.8 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 24.5 | 26.3 | 27.7 | 27.1 | 27.8 | 27.9 | 27.9 | 29.1 | 26.7 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1303.7 | 1365.6 | 1424.0 | 1413.9 | 1419.9 | 1424.1 | 1438.1 | 1456.8 | 1385.3 | 6 |
| General government; property income (received) | FA366150105 | 229.9 | 217.3 | 208.1 | 206.5 | 218.6 | 198.4 | 208.8 | 210.6 | 211.4 | 7 |
| General government; other current transfers received | FA366403105 | 776.4 | 806.4 | 820.9 | 801.4 | 822.1 | 838.8 | 821.1 | 828.7 | 1601.6 | 8 |
| General government; operating surplus, net | FA366402105 | -5.3 | -5.8 | -7.6 | -6.9 | -7.7 | -8.0 | -7.9 | -12.8 | -22.8 | 9 |
| General government; current expenditures | FA366900015 | 7000.8 | 7356.1 | 7708.8 | 7598.2 | 7685.0 | 7755.2 | 7796.9 | 7891.5 | 12100.3 | 10 |
| General government; consumption expenditures | FA366901005 | 2742.7 | 2891.3 | 2995.1 | 2950.8 | 2987.7 | 3009.2 | 3032.5 | 3046.0 | 3052.1 | 11 |
| General government; social contributions paid | FA366404005 | 2828.0 | 2945.7 | 3102.0 | 3061.1 | 3094.8 | 3119.1 | 3133.1 | 3214.5 | 5670.6 | 12 |
| General government; other current transfers paid | FA366403005 | 605.8 | 634.0 | 658.5 | 646.5 | 658.9 | 660.8 | 667.7 | 682.3 | 1445.0 | 13 |
| General government; interest paid | FA366130005 | 764.4 | 821.8 | 879.4 | 868.4 | 882.5 | 884.1 | 882.4 | 873.7 | 845.8 | 14 |
| General government; subsidies paid | FA366402005 | 59.9 | 63.3 | 73.9 | 71.3 | 61.1 | 82.0 | 81.1 | 75.1 | 1086.8 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -961.3 | -1145.4 | -1254.7 | -1229.5 | -1208.2 | -1303.9 | -1277.3 | -1353.5 | -5142.6 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 543.2 | 566.1 | 588.3 | 580.3 | 585.8 | 591.4 | 595.6 | 600.3 | 604.2 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.1 | -2.0 | -2.1 | -3.1 | -1.0 | -2.1 | -2.1 | -3.6 | -4.4 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -253.9 | -12.7 | -7.7 | -5.8 | -10.3 | -9.8 | -4.7 | -2.5 | -15.0 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -162.0 | -564.6 | -656.7 | -640.3 | -611.1 | -700.6 | -674.8 | -747.2 | -4519.0 | 20 |
| General government; gross investment | FA365090005 | -68.9 | -490.1 | -648.9 | -1380.1 | -589.2 | -290.0 | -336.2 | -897.2 | -4682.1 | 21 |
| General government; gross fixed investment | FA365019005 | 664.3 | 703.9 | 752.8 | 730.7 | 749.9 | 757.9 | 772.8 | 788.1 | 790.3 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 11.9 | 15.4 | 14.1 | 10.2 | 14.8 | 15.1 | 16.3 | 17.9 | 24.1 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -745.1 | -1209.4 | -1415.8 | -2121.0 | -1354.0 | -1063.0 | -1125.3 | -1703.2 | -5496.5 | 24 |
| General government; total financial assets | FA364090005 | 143.1 | 292.6 | 136.1 | 41.4 | -577.0 | 672.4 | 407.7 | 345.8 | 7003.9 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | -1.7 | 5.0 | 4.6 | 0.8 | 9.3 | 7.4 | 0.8 | -1.0 | 19.8 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | -172.6 | 165.9 | 7.2 | -80.8 | -282.1 | 433.3 | -41.6 | 658.2 | 4953.1 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 14.5 | 8.0 | 20.0 | 28.2 | 27.1 | 14.8 | 10.0 | 53.0 | 18.4 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 0.3 | -2.1 | 6.8 | 3.5 | 5.9 | 9.3 | 8.3 | 20.6 | 8.7 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 1.6 | -5.5 | 3.2 | 2.7 | -24.2 | 13.7 | 20.6 | -32.4 | 3.3 | 30 |
| General government; debt securities; asset | FA364022005 | -8.9 | -51.7 | -20.3 | -86.4 | -373.3 | 83.3 | 295.2 | -285.4 | 611.5 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | 0.8 | -2.6 | 1.5 | 1.3 | -11.5 | 6.5 | 9.8 | -15.4 | 5.3 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -11.0 | -39.0 | -0.8 | -41.2 | -193.8 | 47.3 | 184.6 | -198.1 | 417.7 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 3.1 | -15.3 | -6.6 | -17.5 | -108.5 | 25.4 | 74.0 | -67.8 | 92.9 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | -0.2 | -0.2 | -0.4 | -1.0 | -3.4 | 0.8 | 2.2 | -2.4 | 4.2 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -1.6 | 5.4 | -14.1 | -27.9 | -56.1 | 3.2 | 24.5 | -1.6 | 91.4 | 36 |
| General government; loans; asset | FA364023005 | 98.7 | 90.6 | 98.8 | 113.8 | 46.8 | 121.4 | 113.2 | 25.0 | 550.9 | 37 |
| General government; total mortgages; asset | FA363065005 | 3.1 | -5.1 | 5.8 | 7.4 | -50.7 | 32.9 | 33.8 | -44.6 | 19.2 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 96.3 | 90.7 | 83.0 | 87.8 | 91.5 | 87.9 | 64.8 | 83.7 | 76.9 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | -0.7 | 5.0 | 10.0 | 18.6 | 6.0 | 0.7 | 14.6 | -14.0 | 454.8 | 40 |
| General government; corporate equities; asset | FA363064105 | -3.5 | 0.6 | -3.4 | -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 | 6.3 | 38.0 | 8.8 | 3.9 | 19.0 | 11.3 | 0.8 | -18.4 | -35.1 | 43 |
| General government; taxes receivable; asset | FA363078005 | 225.5 | 22.3 | -15.4 | -3.8 | -39.1 | -50.0 | 31.3 | -29.6 | 373.5 | 44 |
| General government; total miscellaneous assets | FA363090005 | -18.2 | 20.3 | 24.7 | 61.7 | 35.7 | 30.0 | -28.8 | -42.1 | 502.1 | 45 |
| General government; total liabilities | FA364190005 | 888.3 | 1502.0 | 1551.9 | 2162.4 | 776.9 | 1735.4 | 1533.0 | 2049.0 | 12500.4 | 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 | 446.5 | 1359.0 | 1183.8 | 825.2 | 512.3 | 2434.6 | 962.9 | 2194.1 | 11705.0 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 447.0 | 1411.2 | 1176.6 | 849.1 | 570.4 | 2410.8 | 876.1 | 2168.3 | 11598.7 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -0.1 | -1.5 | -1.7 | -3.0 | -0.8 | -2.2 | -1.0 | -0.1 | -0.7 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -0.4 | -50.8 | 8.9 | -20.9 | -57.3 | 26.0 | 87.8 | 25.9 | 106.9 | 53 |
| General government; loans; liability | FA364123005 | 152.1 | -150.6 | 16.9 | 862.2 | 6.7 | -773.5 | -27.9 | -0.1 | -62.2 | 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 | 16.9 | 862.2 | 6.7 | -773.5 | -27.9 | -0.1 | -62.2 | 56 |
| General government; trade payables; liability | FA363170005 | 62.9 | 105.0 | 66.5 | 65.8 | 52.6 | 59.2 | 88.2 | 44.2 | 639.1 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | -0.2 | 0.2 | 0.9 | 2.0 | -0.4 | 1.6 | 0.3 | -0.6 | -0.0 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 226.9 | 188.4 | 283.9 | 407.1 | 205.7 | 13.5 | 509.4 | -188.6 | 218.5 | 59 |
| General government; sector discrepancy | FA367005005 | -93.1 | -74.5 | -7.8 | 739.8 | -21.9 | -410.6 | -338.6 | 149.9 | 163.1 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 153.9 | 330.7 | 136.2 | 82.6 | -380.8 | 623.2 | 219.8 | 545.8 | 6581.4 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 899.0 | 1540.1 | 1552.0 | 2203.6 | 973.1 | 1686.2 | 1345.1 | 2249.0 | 12077.8 | 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 21, 2020