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 | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6210.8 | 6454.1 | 6673.7 | 6451.3 | 6519.6 | 6538.0 | 6923.5 | 6592.6 | 6640.8 | 1 |
| General government; personal current taxes | FA366210005 | 2085.3 | 2202.9 | 2194.2 | 2197.1 | 2221.2 | 2252.4 | 2096.5 | 2191.6 | 2236.1 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1444.8 | 1491.4 | 1479.8 | 1501.6 | 1509.6 | 1530.0 | 1395.8 | 1489.2 | 1504.1 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 271.0 | 286.8 | 256.7 | 271.4 | 300.8 | 243.2 | 225.8 | 297.2 | 260.8 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 26.3 | 27.7 | 28.0 | 27.9 | 27.9 | 29.1 | 26.6 | 27.3 | 29.2 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1365.6 | 1424.0 | 1441.3 | 1424.1 | 1438.1 | 1456.8 | 1393.3 | 1446.9 | 1468.2 | 6 |
| General government; property income (received) | FA366150105 | 217.3 | 208.1 | 212.6 | 198.4 | 208.8 | 210.6 | 205.4 | 225.6 | 208.7 | 7 |
| General government; other current transfers received | FA366403105 | 806.4 | 820.9 | 1079.5 | 838.8 | 821.1 | 828.7 | 1601.6 | 934.3 | 953.4 | 8 |
| General government; operating surplus, net | FA366402105 | -5.8 | -7.6 | -18.3 | -8.0 | -7.9 | -12.8 | -21.4 | -19.5 | -19.7 | 9 |
| General government; current expenditures | FA366900015 | 7356.1 | 7708.8 | 9799.8 | 7755.2 | 7796.9 | 7891.5 | 12091.5 | 10197.9 | 9018.4 | 10 |
| General government; consumption expenditures | FA366901005 | 2891.3 | 2995.1 | 3036.9 | 3009.2 | 3032.5 | 3046.0 | 3053.1 | 3022.1 | 3026.6 | 11 |
| General government; social contributions paid | FA366404005 | 2945.7 | 3102.0 | 4251.0 | 3119.1 | 3133.1 | 3214.5 | 5661.5 | 4351.5 | 3776.7 | 12 |
| General government; other current transfers paid | FA366403005 | 634.0 | 658.5 | 924.4 | 660.8 | 667.7 | 682.3 | 1444.6 | 782.3 | 788.5 | 13 |
| General government; interest paid | FA366130005 | 821.8 | 879.4 | 841.1 | 884.1 | 882.4 | 873.7 | 845.8 | 828.5 | 816.3 | 14 |
| General government; subsidies paid | FA366402005 | 63.3 | 73.9 | 746.4 | 82.0 | 81.1 | 75.1 | 1086.5 | 1213.5 | 610.4 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -1145.4 | -1254.7 | -3126.1 | -1303.9 | -1277.3 | -1353.5 | -5168.0 | -3605.3 | -2377.6 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 566.1 | 588.3 | 608.2 | 591.4 | 595.6 | 600.3 | 604.1 | 610.8 | 617.5 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.0 | -2.1 | -3.3 | -2.1 | -2.1 | -3.6 | -4.4 | -2.9 | -2.5 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -12.7 | -7.7 | -9.0 | -9.8 | -4.7 | -2.5 | -14.4 | -9.2 | -10.0 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -564.6 | -656.7 | -2505.6 | -700.6 | -674.8 | -747.2 | -4545.1 | -2982.3 | -1747.7 | 20 |
| General government; gross investment | FA365090005 | -408.6 | -615.6 | -2452.6 | -272.1 | -343.6 | -870.6 | -4706.5 | -2267.4 | -1966.0 | 21 |
| General government; gross fixed investment | FA365019005 | 703.9 | 752.8 | 793.7 | 757.9 | 772.8 | 788.1 | 786.2 | 794.5 | 806.0 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 15.4 | 14.1 | 20.0 | 15.1 | 16.3 | 17.9 | 24.1 | 13.4 | 24.7 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -1127.9 | -1382.5 | -3266.4 | -1045.1 | -1132.7 | -1676.7 | -5516.8 | -3075.3 | -2796.6 | 24 |
| General government; total financial assets | FA364090005 | 391.0 | 114.7 | 2049.4 | 517.7 | 185.7 | 707.6 | 6957.0 | 447.4 | 85.4 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 5.0 | 4.6 | 9.4 | 7.4 | 0.8 | -1.0 | 19.8 | 7.2 | 11.7 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 165.9 | 7.2 | 1367.1 | 433.3 | -41.6 | 658.2 | 4912.7 | 200.2 | -302.7 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 8.0 | 20.0 | 39.1 | 14.8 | 10.0 | 53.0 | 58.9 | 30.6 | 13.9 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | -2.1 | 6.8 | 5.1 | 9.3 | 8.3 | 20.6 | 8.7 | -6.6 | -2.2 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 1.2 | -0.7 | 19.3 | 2.7 | 3.6 | -8.7 | 51.5 | 18.5 | 15.9 | 30 |
| General government; debt securities; asset | FA364022005 | 9.0 | 53.9 | 224.8 | 46.4 | 147.9 | -39.1 | 521.4 | 199.8 | 217.3 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | 0.6 | -0.3 | 9.2 | 1.3 | 1.7 | -4.1 | 24.4 | 8.8 | 7.5 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -12.4 | 53.9 | 203.8 | 29.3 | 121.5 | -18.3 | 508.8 | 188.7 | 136.1 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 5.7 | 4.4 | 3.6 | 18.7 | 21.4 | -47.7 | -39.8 | 31.3 | 70.6 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 0.5 | -0.8 | 1.5 | -0.4 | 0.5 | 0.1 | 3.9 | 1.4 | 0.5 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 14.6 | -3.3 | 6.8 | -2.4 | 2.9 | 30.9 | 24.0 | -30.3 | 2.5 | 36 |
| General government; loans; asset | FA364023005 | 101.2 | 92.6 | 259.3 | 104.1 | 86.5 | 62.2 | 552.0 | 324.0 | 98.8 | 37 |
| General government; total mortgages; asset | FA363065005 | 5.4 | -0.3 | 8.7 | 15.6 | 7.1 | -7.5 | 18.4 | 9.0 | 14.6 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 90.7 | 83.0 | 63.7 | 87.9 | 64.8 | 83.7 | 78.4 | 52.2 | 40.7 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 5.0 | 10.0 | 186.9 | 0.7 | 14.6 | -14.0 | 455.2 | 262.7 | 43.4 | 40 |
| General government; corporate equities; asset | FA363064105 | 0.6 | -3.4 | -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 | 33.2 | 7.4 | 21.5 | 9.8 | -0.9 | -9.1 | 3.3 | 54.8 | 36.8 | 43 |
| General government; taxes receivable; asset | FA363078005 | 34.5 | -12.1 | -19.0 | -46.6 | 34.8 | -29.9 | 372.3 | -398.2 | -20.3 | 44 |
| General government; total miscellaneous assets | FA363090005 | 33.3 | -62.9 | 125.0 | -61.3 | -61.7 | 3.6 | 458.7 | 19.3 | 18.3 | 45 |
| General government; total liabilities | FA364190005 | 1518.9 | 1497.1 | 5315.7 | 1562.8 | 1318.3 | 2384.3 | 12473.8 | 3522.7 | 2882.1 | 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 | -0.3 | -0.5 | -0.0 | -2.2 | 0.0 | 0.0 | 0.0 | -0.2 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 1359.0 | 1184.1 | 4670.4 | 2435.0 | 963.4 | 2193.9 | 11705.8 | 2217.4 | 2564.4 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 1411.2 | 1176.6 | 4582.2 | 2410.8 | 876.1 | 2168.3 | 11598.7 | 2048.9 | 2512.7 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -1.5 | -1.7 | -1.0 | -2.2 | -1.0 | -0.1 | -0.7 | -3.5 | 0.2 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -50.7 | 9.2 | 89.2 | 26.4 | 88.2 | 25.7 | 107.7 | 172.0 | 51.5 | 53 |
| General government; loans; liability | FA364123005 | -150.6 | 16.9 | -14.8 | -773.5 | -27.9 | -0.1 | -62.2 | 1.8 | 1.1 | 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 | -150.6 | 16.9 | -14.8 | -773.5 | -27.9 | -0.1 | -62.2 | 1.8 | 1.1 | 56 |
| General government; trade payables; liability | FA363170005 | 122.1 | 66.9 | 58.9 | 59.1 | 88.0 | 37.6 | 4.3 | 116.8 | 77.0 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.2 | 0.9 | 0.2 | 1.6 | 0.3 | -0.6 | -0.0 | 1.4 | 0.0 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 188.4 | 228.9 | 601.1 | -157.2 | 294.5 | 153.4 | 825.9 | 1185.5 | 239.5 | 59 |
| General government; sector discrepancy | FA367005005 | -156.0 | -41.2 | -52.9 | -428.5 | -331.2 | 123.4 | 161.4 | -714.9 | 218.3 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 401.7 | 60.5 | 1843.1 | 487.8 | 62.6 | 725.3 | 6443.6 | 255.6 | -52.3 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1529.6 | 1443.0 | 5109.4 | 1532.9 | 1195.3 | 2402.0 | 11960.4 | 3330.9 | 2744.3 | 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 11, 2021