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 | 2019 | 2020 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6506.7 | 6781.1 | 7768.6 | 6669.7 | 6815.3 | 7083.3 | 8209.2 | 7836.5 | 7945.6 | 1 |
| General government; personal current taxes | FA366210005 | 2205.1 | 2195.6 | 2582.5 | 2181.8 | 2259.8 | 2412.1 | 2532.5 | 2641.1 | 2744.4 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1532.3 | 1534.7 | 1641.5 | 1544.0 | 1557.0 | 1580.1 | 1636.3 | 1654.7 | 1694.7 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 289.9 | 263.8 | 389.1 | 288.5 | 304.0 | 331.9 | 366.9 | 381.2 | 476.3 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 27.2 | 27.4 | 30.2 | 26.6 | 28.3 | 29.4 | 29.3 | 30.3 | 31.6 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1426.6 | 1464.5 | 1596.6 | 1463.7 | 1506.5 | 1539.2 | 1577.7 | 1616.9 | 1652.8 | 6 |
| General government; property income (received) | FA366150105 | 206.7 | 216.2 | 233.9 | 228.5 | 213.5 | 207.3 | 237.0 | 248.7 | 242.7 | 7 |
| General government; other current transfers received | FA366403105 | 832.1 | 1096.4 | 1307.5 | 954.3 | 964.3 | 1002.6 | 1844.8 | 1269.4 | 1113.1 | 8 |
| General government; operating surplus, net | FA366402105 | -13.3 | -17.5 | -12.6 | -17.7 | -18.1 | -19.3 | -15.4 | -5.8 | -10.1 | 9 |
| General government; current expenditures | FA366900015 | 7703.2 | 9814.9 | 10262.7 | 10252.3 | 9003.6 | 11184.0 | 10693.2 | 9866.5 | 9307.3 | 10 |
| General government; consumption expenditures | FA366901005 | 2973.9 | 3078.0 | 3250.7 | 3079.4 | 3088.7 | 3186.5 | 3223.4 | 3276.7 | 3316.3 | 11 |
| General government; social contributions paid | FA366404005 | 3107.1 | 4214.4 | 4561.8 | 4345.5 | 3698.4 | 5957.4 | 4287.2 | 4097.9 | 3904.7 | 12 |
| General government; other current transfers paid | FA366403005 | 659.5 | 931.9 | 1150.6 | 792.1 | 793.5 | 837.9 | 1679.9 | 1133.5 | 951.0 | 13 |
| General government; interest paid | FA366130005 | 889.7 | 829.2 | 806.6 | 814.2 | 803.6 | 795.9 | 797.1 | 803.2 | 830.1 | 14 |
| General government; subsidies paid | FA366402005 | 73.0 | 761.4 | 493.0 | 1221.2 | 619.2 | 406.3 | 705.6 | 555.1 | 305.2 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -1196.5 | -3033.9 | -2494.1 | -3582.6 | -2188.3 | -4100.6 | -2484.0 | -2030.0 | -1361.7 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 586.9 | 606.4 | 645.6 | 609.6 | 616.1 | 624.7 | 637.8 | 651.5 | 668.5 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.2 | -4.0 | -2.3 | -3.6 | -3.2 | -1.9 | -5.7 | -0.1 | -1.6 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | 3.8 | -10.0 | 37.7 | -12.1 | -12.0 | 196.0 | -15.2 | -15.0 | -15.0 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -611.2 | -2413.5 | -1883.8 | -2957.3 | -1557.0 | -3670.0 | -1825.3 | -1363.4 | -676.6 | 20 |
| General government; gross investment | FA365090005 | -575.2 | -2480.1 | -1699.1 | -1642.4 | -1405.2 | -3517.1 | -1695.5 | -1290.8 | -292.9 | 21 |
| General government; gross fixed investment | FA365019005 | 740.0 | 781.5 | 802.3 | 782.3 | 796.5 | 790.8 | 792.5 | 808.1 | 817.7 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 14.2 | 14.4 | 9.2 | 6.3 | 17.5 | -0.4 | 17.9 | 0.3 | 18.8 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -1329.4 | -3276.0 | -2510.6 | -2431.0 | -2219.2 | -4307.6 | -2505.9 | -2099.2 | -1129.5 | 24 |
| General government; total financial assets | FA364090005 | 117.2 | 2068.4 | -669.3 | 422.2 | 113.1 | -2098.1 | -113.6 | -1675.1 | 1209.8 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 4.6 | 8.9 | 111.3 | 7.2 | 9.8 | -8.5 | 1.8 | 450.9 | 0.8 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 7.2 | 1417.1 | -1208.1 | 220.2 | -162.5 | -2195.5 | -807.2 | -2553.4 | 723.8 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 20.0 | -10.9 | -29.8 | 10.6 | -126.0 | 35.6 | -72.5 | -33.7 | -48.7 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 6.8 | 7.9 | 3.4 | -4.0 | 0.5 | 5.2 | 1.2 | 0.2 | 6.9 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | -1.3 | 15.7 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 30 |
| General government; debt securities; asset | FA364022005 | 35.7 | 219.8 | 356.6 | 45.1 | 193.7 | 135.2 | 808.5 | 298.0 | 184.7 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | -0.6 | -0.4 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 51.4 | 291.3 | 393.0 | 138.7 | 248.1 | 227.3 | 830.6 | 320.7 | 193.5 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 2.4 | -71.4 | -32.7 | -48.7 | -49.4 | -64.6 | -2.8 | -44.7 | -18.8 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | -0.9 | 1.5 | 3.8 | 1.4 | 0.5 | 4.1 | 2.1 | 4.8 | 4.3 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -16.6 | -1.2 | -11.5 | -50.3 | -9.5 | -35.7 | -25.4 | 13.2 | 1.8 | 36 |
| General government; loans; asset | FA364023005 | 91.6 | 258.5 | 181.3 | 325.3 | 91.7 | 120.3 | 121.4 | 264.6 | 219.0 | 37 |
| General government; total mortgages; asset | FA363065005 | -1.3 | 8.7 | 9.3 | 9.0 | 14.6 | 12.0 | 9.1 | 10.3 | 5.9 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 83.0 | 61.7 | 56.1 | 52.2 | 32.7 | 78.5 | 74.0 | 48.0 | 23.9 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 9.9 | 188.1 | 115.9 | 264.1 | 44.4 | 29.8 | 38.3 | 206.3 | 189.3 | 40 |
| General government; corporate equities; asset | FA363064105 | -3.4 | -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 | 17.2 | 18.9 | 53.7 | 66.1 | 57.1 | 62.7 | 49.2 | 57.3 | 45.8 | 43 |
| General government; taxes receivable; asset | FA363078005 | -10.7 | -5.5 | -105.4 | -315.3 | 20.2 | -39.2 | -265.8 | -155.2 | 38.4 | 44 |
| General government; total miscellaneous assets | FA363090005 | -51.7 | 140.1 | -40.0 | 59.3 | 20.8 | -221.7 | 41.9 | -11.6 | 31.3 | 45 |
| General government; total liabilities | FA364190005 | 1446.6 | 5344.5 | 1841.3 | 2853.2 | 2332.3 | 2209.5 | 2392.3 | 424.1 | 2339.2 | 46 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0.0 | 0.0 | 112.8 | 0.0 | 0.0 | 0.0 | 0.0 | 451.3 | 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 | -0.5 | -0.0 | -0.1 | -0.2 | 0.0 | 0.0 | 0.0 | -0.5 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 1172.6 | 4671.5 | 1743.9 | 1548.7 | 1995.9 | 2231.3 | 2417.8 | -988.6 | 3315.2 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 1176.6 | 4582.2 | 1683.8 | 1378.2 | 1947.6 | 2123.8 | 2314.9 | -1048.1 | 3344.8 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -1.7 | -1.0 | -0.4 | -3.5 | 0.2 | -1.5 | -0.0 | -1.3 | 1.1 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -2.3 | 90.3 | 60.5 | 173.9 | 48.1 | 109.0 | 103.0 | 60.8 | -30.7 | 53 |
| General government; loans; liability | FA364123005 | 1.0 | 1.0 | 10.3 | 1.8 | 1.1 | 0.7 | 0.0 | 722.0 | -681.3 | 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 | 1.0 | 1.0 | 10.3 | 1.8 | 1.1 | 0.7 | 0.0 | 722.0 | -681.3 | 56 |
| General government; trade payables; liability | FA363170005 | 84.6 | 65.6 | 120.6 | 131.0 | 112.0 | 90.3 | 121.3 | 128.0 | 142.7 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.9 | 0.2 | 0.3 | 1.4 | 0.0 | 1.1 | -3.4 | 3.7 | -0.4 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 188.0 | 606.2 | -146.5 | 1170.5 | 223.3 | -113.9 | -143.4 | 108.2 | -437.0 | 59 |
| General government; sector discrepancy | FA367005005 | -36.0 | 66.6 | -184.7 | -1314.9 | -151.9 | -152.9 | -129.7 | -72.6 | -383.6 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 65.6 | 1774.6 | -1066.6 | 280.4 | -136.7 | -2330.2 | -946.3 | -2000.3 | 1010.6 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1395.0 | 5050.6 | 1444.0 | 2711.4 | 2082.6 | 1977.3 | 1559.6 | 98.9 | 2140.0 | 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: March 10, 2022