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 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6219.6 | 6506.7 | 6781.1 | 6607.5 | 7031.8 | 6669.7 | 6815.3 | 7083.3 | 8201.8 | 1 |
| General government; personal current taxes | FA366210005 | 2076.3 | 2205.1 | 2195.6 | 2241.6 | 2099.0 | 2181.8 | 2259.8 | 2412.1 | 2550.4 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1461.7 | 1532.3 | 1534.7 | 1577.1 | 1460.5 | 1544.0 | 1557.0 | 1580.1 | 1640.2 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 269.3 | 289.9 | 263.8 | 233.3 | 229.3 | 288.5 | 304.0 | 331.9 | 351.7 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 25.7 | 27.2 | 27.4 | 28.6 | 26.1 | 26.6 | 28.3 | 29.4 | 29.3 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1365.9 | 1426.6 | 1464.5 | 1477.2 | 1410.8 | 1463.7 | 1506.5 | 1539.2 | 1564.0 | 6 |
| General government; property income (received) | FA366150105 | 217.6 | 206.7 | 216.2 | 212.4 | 210.4 | 228.5 | 213.5 | 207.3 | 236.7 | 7 |
| General government; other current transfers received | FA366403105 | 811.7 | 832.1 | 1096.4 | 851.8 | 1615.2 | 954.3 | 964.3 | 1002.6 | 1844.8 | 8 |
| General government; operating surplus, net | FA366402105 | -8.6 | -13.3 | -17.5 | -14.6 | -19.5 | -17.7 | -18.1 | -19.3 | -15.3 | 9 |
| General government; current expenditures | FA366900015 | 7343.5 | 7703.2 | 9814.9 | 7900.0 | 12103.9 | 10252.3 | 9003.6 | 11184.0 | 10680.0 | 10 |
| General government; consumption expenditures | FA366901005 | 2869.4 | 2973.9 | 3078.0 | 3058.9 | 3084.9 | 3079.4 | 3088.7 | 3186.5 | 3223.3 | 11 |
| General government; social contributions paid | FA366404005 | 2948.9 | 3107.1 | 4214.4 | 3198.9 | 5614.7 | 4345.5 | 3698.4 | 5957.4 | 4287.3 | 12 |
| General government; other current transfers paid | FA366403005 | 634.0 | 659.5 | 931.9 | 694.8 | 1447.3 | 792.1 | 793.5 | 837.9 | 1680.1 | 13 |
| General government; interest paid | FA366130005 | 827.9 | 889.7 | 829.2 | 866.5 | 832.7 | 814.2 | 803.6 | 795.9 | 797.2 | 14 |
| General government; subsidies paid | FA366402005 | 63.3 | 73.0 | 761.4 | 80.9 | 1124.3 | 1221.2 | 619.2 | 406.3 | 692.2 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -1123.8 | -1196.5 | -3033.9 | -1292.5 | -5072.0 | -3582.6 | -2188.3 | -4100.6 | -2478.2 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 565.4 | 586.9 | 606.4 | 597.8 | 601.9 | 609.6 | 616.1 | 624.7 | 637.5 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.0 | -2.2 | -4.0 | -4.2 | -5.0 | -3.6 | -3.2 | -1.9 | -5.7 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -12.7 | 3.8 | -10.0 | -3.8 | -12.3 | -12.1 | -12.0 | 196.0 | -15.1 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -543.8 | -611.2 | -2413.5 | -686.7 | -4452.8 | -2957.3 | -1557.0 | -3670.0 | -1819.8 | 20 |
| General government; gross investment | FA365090005 | -419.9 | -619.1 | -2461.5 | -1336.2 | -5469.7 | -1630.4 | -1409.7 | -3851.1 | -2354.2 | 21 |
| General government; gross fixed investment | FA365019005 | 702.6 | 740.0 | 781.5 | 772.7 | 774.7 | 782.3 | 796.5 | 790.8 | 792.7 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 15.3 | 14.2 | 14.4 | 16.7 | 17.1 | 6.3 | 17.5 | -0.4 | 17.9 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -1137.9 | -1373.3 | -3257.5 | -2125.6 | -6261.5 | -2419.0 | -2223.7 | -4641.5 | -3164.9 | 24 |
| General government; total financial assets | FA364090005 | 391.0 | 117.2 | 2079.8 | 752.2 | 6990.2 | 434.0 | 142.9 | -2081.9 | -90.7 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 5.0 | 4.6 | 8.9 | -1.0 | 19.8 | 7.2 | 9.8 | -8.5 | 1.8 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 165.9 | 7.2 | 1417.1 | 658.2 | 4952.7 | 220.2 | -162.6 | -2196.8 | -806.2 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 8.0 | 20.0 | -10.9 | 53.0 | 18.9 | 10.6 | -126.1 | 36.4 | -73.4 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | -2.1 | 6.8 | 7.9 | 23.3 | 11.9 | -4.0 | 0.5 | 5.2 | 1.2 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 1.1 | -1.3 | 19.3 | -8.7 | 51.5 | 18.5 | 15.9 | 25.0 | 25.5 | 30 |
| General government; debt securities; asset | FA364022005 | 8.9 | 48.2 | 224.8 | 80.9 | 551.4 | 49.8 | 217.3 | 146.9 | 858.3 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | 0.5 | -0.6 | 1.7 | -4.1 | -5.6 | 8.8 | 7.5 | 15.7 | 23.8 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -12.4 | 51.4 | 291.3 | 41.7 | 728.8 | 138.7 | 256.1 | 227.3 | 830.6 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 5.6 | 2.4 | -71.4 | 12.3 | -199.8 | -48.7 | -49.4 | -94.6 | -32.8 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 0.5 | -0.9 | 1.5 | 0.1 | 3.9 | 1.4 | 0.5 | 4.1 | 2.1 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | 14.6 | -4.1 | 1.8 | 30.9 | 24.0 | -50.3 | 2.5 | -5.7 | 34.6 | 36 |
| General government; loans; asset | FA364023005 | 101.2 | 91.6 | 258.5 | 62.4 | 554.7 | 325.3 | 91.7 | 120.3 | 117.2 | 37 |
| General government; total mortgages; asset | FA363065005 | 5.4 | -1.3 | 8.7 | -7.5 | 18.4 | 9.0 | 14.6 | 12.0 | 9.1 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 90.7 | 83.0 | 61.7 | 83.7 | 78.4 | 52.2 | 32.7 | 78.5 | 73.5 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 5.0 | 9.9 | 188.1 | -13.8 | 457.9 | 264.1 | 44.4 | 29.8 | 34.7 | 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 | 17.2 | 25.7 | -19.3 | -0.2 | 64.6 | 57.5 | 52.7 | 39.6 | 43 |
| General government; taxes receivable; asset | FA363078005 | 34.7 | -10.7 | -5.5 | -50.1 | 323.2 | -315.3 | 20.2 | -39.2 | -270.4 | 44 |
| General government; total miscellaneous assets | FA363090005 | 33.3 | -64.2 | 136.1 | -44.4 | 508.7 | 59.3 | 20.8 | -221.7 | 17.9 | 45 |
| General government; total liabilities | FA364190005 | 1528.9 | 1490.5 | 5337.3 | 2877.8 | 13251.7 | 2853.0 | 2366.6 | 2559.6 | 3074.2 | 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 | -0.3 | -0.5 | -0.0 | 0.0 | 0.0 | -0.2 | 0.0 | 0.0 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 1369.2 | 1171.9 | 4669.8 | 2710.1 | 12426.7 | 1546.2 | 1996.2 | 2234.4 | 2415.9 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 1411.2 | 1176.6 | 4582.2 | 2682.7 | 12320.2 | 1378.2 | 1947.6 | 2123.8 | 2314.9 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -1.5 | -1.7 | -1.0 | -0.1 | -0.7 | -3.5 | 0.2 | -1.5 | -0.0 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -40.5 | -2.9 | 88.6 | 27.5 | 107.2 | 171.4 | 48.4 | 112.1 | 101.0 | 53 |
| General government; loans; liability | FA364123005 | -150.6 | 1.0 | 1.0 | 0.4 | 0.7 | 1.8 | 1.1 | 0.7 | 0.0 | 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 | 1.0 | 1.0 | 0.4 | 0.7 | 1.8 | 1.1 | 0.7 | 0.0 | 56 |
| General government; trade payables; liability | FA363170005 | 121.3 | 84.6 | 65.2 | 12.7 | 6.7 | 129.7 | 111.9 | 91.6 | 122.7 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.2 | 0.9 | 0.2 | -0.6 | -0.0 | 1.4 | 0.0 | 1.1 | -3.4 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 189.0 | 232.6 | 601.1 | 155.1 | 817.7 | 1174.2 | 257.3 | 231.8 | 539.0 | 59 |
| General government; sector discrepancy | FA367005005 | -123.8 | 8.0 | 48.0 | 649.5 | 1016.9 | -1326.9 | -147.3 | 181.1 | 534.4 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 401.8 | 65.6 | 1786.0 | 709.9 | 6256.8 | 292.2 | -114.9 | -2314.1 | -923.4 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1539.6 | 1439.0 | 5043.5 | 2835.5 | 12518.3 | 2711.2 | 2108.9 | 2327.5 | 2241.5 | 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 23, 2021