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 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6039.5 | 6210.8 | 6454.1 | 6707.1 | 6538.0 | 6923.5 | 6592.6 | 6774.3 | 6955.4 | 1 |
| General government; personal current taxes | FA366210005 | 2046.7 | 2085.3 | 2202.9 | 2202.7 | 2252.4 | 2096.5 | 2191.6 | 2270.2 | 2312.7 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1364.0 | 1444.8 | 1491.4 | 1481.6 | 1530.0 | 1395.8 | 1489.2 | 1511.6 | 1546.0 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 299.6 | 271.0 | 286.8 | 274.7 | 243.2 | 225.8 | 297.2 | 332.7 | 347.5 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 24.5 | 26.3 | 27.7 | 28.0 | 29.1 | 26.6 | 27.3 | 29.0 | 30.4 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1303.7 | 1365.6 | 1424.0 | 1446.3 | 1456.8 | 1393.3 | 1446.9 | 1488.4 | 1528.1 | 6 |
| General government; property income (received) | FA366150105 | 229.9 | 217.3 | 208.1 | 212.7 | 210.6 | 205.4 | 225.6 | 209.1 | 203.0 | 7 |
| General government; other current transfers received | FA366403105 | 776.4 | 806.4 | 820.9 | 1079.4 | 828.7 | 1601.6 | 934.3 | 952.9 | 999.0 | 8 |
| General government; operating surplus, net | FA366402105 | -5.3 | -5.8 | -7.6 | -18.3 | -12.8 | -21.4 | -19.5 | -19.7 | -11.4 | 9 |
| General government; current expenditures | FA366900015 | 7000.8 | 7356.1 | 7708.8 | 9799.1 | 7891.5 | 12091.5 | 10197.9 | 9015.6 | 11224.8 | 10 |
| General government; consumption expenditures | FA366901005 | 2742.7 | 2891.3 | 2995.1 | 3036.9 | 3046.0 | 3053.1 | 3022.1 | 3026.5 | 3142.1 | 11 |
| General government; social contributions paid | FA366404005 | 2828.0 | 2945.7 | 3102.0 | 4250.3 | 3214.5 | 5661.5 | 4351.5 | 3773.9 | 6031.5 | 12 |
| General government; other current transfers paid | FA366403005 | 605.8 | 634.0 | 658.5 | 924.4 | 682.3 | 1444.6 | 782.3 | 788.5 | 841.3 | 13 |
| General government; interest paid | FA366130005 | 764.4 | 821.8 | 879.4 | 841.1 | 873.7 | 845.8 | 828.5 | 816.3 | 804.6 | 14 |
| General government; subsidies paid | FA366402005 | 59.9 | 63.3 | 73.9 | 746.4 | 75.1 | 1086.5 | 1213.5 | 610.4 | 405.3 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -961.3 | -1145.4 | -1254.7 | -3092.0 | -1353.5 | -5168.0 | -3605.3 | -2241.4 | -4269.4 | 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 | 608.2 | 600.3 | 604.1 | 610.8 | 617.4 | 626.6 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.1 | -2.0 | -2.2 | -4.0 | -4.2 | -5.0 | -3.6 | -3.2 | -1.9 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -253.9 | -12.7 | -7.7 | -9.1 | -2.5 | -14.4 | -9.2 | -10.2 | 199.4 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -162.0 | -564.6 | -656.5 | -2470.8 | -746.6 | -4544.4 | -2981.6 | -1610.6 | -3840.4 | 20 |
| General government; gross investment | FA365090005 | 29.3 | -408.6 | -618.9 | -2486.6 | -817.9 | -4817.0 | -2302.7 | -2008.9 | -3329.7 | 21 |
| General government; gross fixed investment | FA365019005 | 664.3 | 703.9 | 752.8 | 794.4 | 788.1 | 786.2 | 794.5 | 808.6 | 804.5 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 11.9 | 15.4 | 14.1 | 20.0 | 17.9 | 24.1 | 13.4 | 24.7 | 7.0 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -646.9 | -1127.9 | -1385.9 | -3301.0 | -1623.9 | -5627.3 | -3110.6 | -2842.2 | -4141.2 | 24 |
| General government; total financial assets | FA364090005 | 241.2 | 390.8 | 115.5 | 2051.1 | 759.0 | 6889.2 | 391.7 | 164.4 | -2009.0 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | -1.7 | 5.0 | 4.6 | 8.9 | -1.0 | 19.8 | 7.2 | 9.8 | -10.1 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | -172.6 | 165.9 | 7.2 | 1367.1 | 658.2 | 4912.7 | 200.2 | -302.6 | -2194.8 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 14.5 | 8.0 | 20.0 | 39.1 | 53.0 | 58.9 | 30.6 | 13.9 | 34.5 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 0.3 | -2.1 | 6.8 | 7.9 | 23.3 | 11.9 | -4.0 | 0.5 | 5.2 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 8.9 | 1.1 | -1.3 | 19.3 | -8.7 | 51.5 | 18.5 | 15.9 | 25.0 | 30 |
| General government; debt securities; asset | FA364022005 | 56.1 | 8.9 | 48.2 | 217.3 | 80.9 | 521.4 | 49.8 | 217.3 | 186.9 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | 4.2 | 0.5 | -0.6 | 9.2 | -4.1 | 24.4 | 8.8 | 7.5 | 15.7 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 17.7 | -12.4 | 51.4 | 271.3 | 41.7 | 668.8 | 118.7 | 256.1 | 227.3 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 26.0 | 5.6 | 2.4 | -71.4 | 12.3 | -199.8 | -48.7 | -49.4 | -94.6 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 0.5 | 0.5 | -0.9 | 1.5 | 0.1 | 3.9 | 1.4 | 0.5 | 4.1 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 7.7 | 14.6 | -4.1 | 6.8 | 30.9 | 24.0 | -30.3 | 2.5 | 34.3 | 36 |
| General government; loans; asset | FA364023005 | 110.2 | 101.2 | 91.6 | 259.3 | 62.2 | 552.0 | 325.2 | 98.0 | 116.2 | 37 |
| General government; total mortgages; asset | FA363065005 | 14.5 | 5.4 | -1.3 | 8.7 | -7.5 | 18.4 | 9.0 | 14.6 | 12.0 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 96.3 | 90.7 | 83.0 | 63.4 | 83.7 | 78.4 | 52.2 | 39.4 | 75.8 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | -0.7 | 5.0 | 10.0 | 187.3 | -14.0 | 455.2 | 263.9 | 43.9 | 28.4 | 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 | 33.2 | 17.2 | 21.5 | -26.9 | -18.9 | 68.4 | 63.3 | 65.6 | 43 |
| General government; taxes receivable; asset | FA363078005 | 225.6 | 34.5 | -12.5 | -0.8 | -35.3 | 323.5 | -321.3 | 29.8 | -48.7 | 44 |
| General government; total miscellaneous assets | FA363090005 | -4.1 | 33.3 | -64.2 | 113.6 | -44.4 | 458.7 | 19.3 | 20.8 | -186.4 | 45 |
| General government; total liabilities | FA364190005 | 888.1 | 1518.7 | 1501.3 | 5352.1 | 2383.0 | 12516.5 | 3502.3 | 3006.6 | 2132.2 | 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 | -0.2 | -0.3 | -0.5 | -0.0 | 0.0 | 0.0 | -0.2 | 0.0 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 446.6 | 1358.8 | 1184.3 | 4669.3 | 2194.6 | 11704.6 | 2216.9 | 2561.2 | 1663.8 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 447.0 | 1411.2 | 1176.6 | 4582.2 | 2168.3 | 11598.7 | 2048.9 | 2512.7 | 1544.4 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -0.1 | -1.5 | -1.7 | -1.0 | -0.1 | -0.7 | -3.5 | 0.2 | -1.5 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -0.3 | -50.9 | 9.4 | 88.2 | 26.4 | 106.6 | 171.5 | 48.2 | 121.0 | 53 |
| General government; loans; liability | FA364123005 | 152.1 | -150.6 | 1.0 | 1.0 | 0.4 | 0.7 | 1.8 | 1.1 | 0.7 | 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 | 152.1 | -150.6 | 1.0 | 1.0 | 0.4 | 0.7 | 1.8 | 1.1 | 0.7 | 56 |
| General government; trade payables; liability | FA363170005 | 62.9 | 122.1 | 85.4 | 67.3 | 31.3 | -1.9 | 116.2 | 123.4 | 109.3 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | -0.2 | 0.2 | 0.9 | 0.2 | -0.6 | -0.0 | 1.4 | 0.0 | 1.1 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 226.9 | 188.4 | 230.2 | 614.4 | 157.2 | 813.1 | 1166.2 | 320.8 | 357.3 | 59 |
| General government; sector discrepancy | FA367005005 | -191.3 | -156.0 | -37.6 | 15.8 | 71.3 | 272.6 | -678.9 | 398.2 | -510.7 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 222.5 | 401.6 | 63.9 | 1777.3 | 716.8 | 6215.8 | 269.9 | -93.3 | -2241.1 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 869.4 | 1529.5 | 1449.8 | 5078.3 | 2340.7 | 11843.1 | 3380.5 | 2748.8 | 1900.1 | 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 10, 2021