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 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6506.7 | 6781.1 | 7757.0 | 7083.3 | 8209.2 | 7836.5 | 7899.1 | 8381.2 | 8496.5 | 1 |
| General government; personal current taxes | FA366210005 | 2205.1 | 2195.6 | 2585.2 | 2412.1 | 2532.5 | 2641.1 | 2754.9 | 3060.9 | 3127.0 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1532.3 | 1534.7 | 1641.1 | 1580.1 | 1636.3 | 1654.7 | 1693.4 | 1738.2 | 1773.9 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 289.9 | 263.8 | 369.1 | 331.9 | 366.9 | 381.2 | 396.6 | 456.4 | 413.6 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 27.2 | 27.4 | 30.1 | 29.4 | 29.3 | 30.3 | 31.4 | 33.2 | 34.6 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1426.6 | 1464.5 | 1598.9 | 1539.2 | 1577.7 | 1616.9 | 1661.8 | 1704.8 | 1734.4 | 6 |
| General government; property income (received) | FA366150105 | 206.7 | 216.2 | 236.5 | 207.3 | 237.0 | 248.7 | 252.8 | 270.9 | 254.0 | 7 |
| General government; other current transfers received | FA366403105 | 832.1 | 1096.4 | 1309.1 | 1002.6 | 1844.8 | 1269.4 | 1119.4 | 1130.8 | 1178.0 | 8 |
| General government; operating surplus, net | FA366402105 | -13.3 | -17.5 | -12.9 | -19.3 | -15.4 | -5.8 | -11.2 | -14.0 | -18.9 | 9 |
| General government; current expenditures | FA366900015 | 7703.2 | 9814.9 | 10263.7 | 11184.0 | 10693.2 | 9866.5 | 9311.3 | 9210.4 | 9390.9 | 10 |
| General government; consumption expenditures | FA366901005 | 2973.9 | 3078.0 | 3250.4 | 3186.5 | 3223.4 | 3276.7 | 3315.0 | 3376.6 | 3473.1 | 11 |
| General government; social contributions paid | FA366404005 | 3107.1 | 4214.4 | 4561.4 | 5957.4 | 4287.2 | 4097.9 | 3903.2 | 3857.9 | 3870.1 | 12 |
| General government; other current transfers paid | FA366403005 | 659.5 | 931.9 | 1152.2 | 837.9 | 1679.9 | 1133.5 | 957.7 | 980.4 | 1009.0 | 13 |
| General government; interest paid | FA366130005 | 889.7 | 829.2 | 806.6 | 795.9 | 797.1 | 803.2 | 830.1 | 845.5 | 880.2 | 14 |
| General government; subsidies paid | FA366402005 | 73.0 | 761.4 | 493.1 | 406.3 | 705.6 | 555.1 | 305.3 | 150.1 | 158.4 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -1196.5 | -3033.9 | -2506.7 | -4100.6 | -2484.0 | -2030.0 | -1412.2 | -829.3 | -894.4 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 586.9 | 606.4 | 645.5 | 624.7 | 637.8 | 651.5 | 668.1 | 687.3 | 708.1 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.2 | -3.6 | -0.8 | -0.4 | -4.1 | 1.4 | -0.1 | -1.0 | -2.3 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | 3.8 | -10.0 | 37.6 | 196.0 | -15.2 | -15.0 | -15.3 | -15.2 | -112.2 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -611.2 | -2413.9 | -1898.0 | -3671.5 | -1826.8 | -1364.9 | -728.7 | -125.8 | -71.8 | 20 |
| General government; gross investment | FA365090005 | -573.5 | -2556.3 | -1740.0 | -2502.8 | -2135.6 | -1654.3 | -667.4 | -228.8 | 462.4 | 21 |
| General government; gross fixed investment | FA365019005 | 740.0 | 781.5 | 802.3 | 790.8 | 792.5 | 808.1 | 817.9 | 822.9 | 831.1 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 14.2 | 14.4 | 9.2 | -0.4 | 17.9 | 0.3 | 18.8 | -305.4 | 1.8 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -1327.7 | -3352.3 | -2551.6 | -3293.3 | -2946.0 | -2462.8 | -1504.1 | -746.3 | -370.5 | 24 |
| General government; total financial assets | FA364090005 | 115.5 | 2054.3 | -694.3 | -2120.3 | -149.9 | -1634.8 | 1127.9 | 1826.3 | 1257.8 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 4.6 | 8.9 | 114.1 | -8.5 | 1.8 | 450.9 | 12.0 | 3.7 | 8.9 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 7.2 | 1417.1 | -1208.2 | -2195.4 | -807.2 | -2553.4 | 723.4 | 1193.4 | 634.4 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 20.0 | -10.9 | -29.9 | 35.5 | -72.5 | -33.7 | -48.7 | 5.4 | -73.4 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 6.8 | 13.5 | 15.3 | 16.3 | 12.2 | 11.3 | 21.4 | -7.7 | -2.3 | 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 | 332.4 | 33.2 | 808.5 | 339.8 | 148.0 | 414.1 | 734.1 | 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 | 383.9 | 177.3 | 838.2 | 351.9 | 168.2 | 376.7 | 681.5 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 2.4 | -71.4 | -39.8 | -84.6 | -10.4 | -34.0 | -30.2 | 41.8 | 48.7 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | -0.9 | 1.5 | 3.8 | 4.1 | 2.1 | 4.8 | 4.3 | 5.5 | 6.0 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -16.6 | -1.2 | -19.5 | -67.7 | -25.4 | 13.2 | 1.8 | -14.0 | -6.1 | 36 |
| General government; loans; asset | FA364023005 | 91.6 | 259.4 | 179.7 | 119.3 | 120.9 | 264.2 | 214.4 | 226.1 | 209.2 | 37 |
| General government; total mortgages; asset | FA363065005 | -1.3 | 8.7 | 9.3 | 12.0 | 9.1 | 10.3 | 5.9 | 4.2 | 7.6 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 83.0 | 61.7 | 55.4 | 78.5 | 74.0 | 48.0 | 21.0 | 40.1 | 76.0 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 9.9 | 189.0 | 115.0 | 28.8 | 37.8 | 205.9 | 187.5 | 181.8 | 125.6 | 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 | -1.6 | 42.1 | 50.4 | 2.5 | 45.1 | 70.5 | 41.7 | 30.3 | 43 |
| General government; taxes receivable; asset | FA363078005 | -12.3 | -5.5 | -128.6 | -39.2 | -265.8 | -155.2 | -54.3 | -24.4 | -406.0 | 44 |
| General government; total miscellaneous assets | FA363090005 | -51.7 | 140.1 | -19.0 | -139.7 | 41.9 | -11.6 | 33.4 | -33.8 | 114.7 | 45 |
| General government; total liabilities | FA364190005 | 1443.2 | 5406.6 | 1857.3 | 1173.0 | 2796.2 | 828.0 | 2632.0 | 2572.6 | 1628.3 | 46 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0.0 | 0.0 | 112.8 | 0.0 | 0.0 | 451.3 | 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 | -0.5 | -0.0 | -0.1 | 0.0 | 0.0 | -0.5 | 0.0 | 0.0 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 1171.7 | 4670.7 | 1750.9 | 1183.2 | 2781.4 | -610.7 | 3649.5 | 2486.7 | 1494.5 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 1176.6 | 4582.2 | 1683.8 | 1077.1 | 2677.5 | -702.0 | 3682.7 | 2587.8 | 1441.8 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -1.7 | -1.0 | -0.4 | -1.5 | -0.0 | -1.3 | 1.1 | -1.6 | 1.3 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -3.2 | 89.5 | 67.4 | 107.6 | 104.0 | 92.6 | -34.4 | -99.5 | 51.4 | 53 |
| General government; loans; liability | FA364123005 | 1.0 | 1.0 | 0.5 | 0.7 | 0.0 | 722.0 | -720.8 | 0.5 | 0.4 | 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 | 0.5 | 0.7 | 0.0 | 722.0 | -720.8 | 0.5 | 0.4 | 56 |
| General government; trade payables; liability | FA363170005 | 81.8 | 81.3 | 116.8 | 86.6 | 117.0 | 129.5 | 134.2 | 135.9 | 146.5 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.9 | 0.2 | 0.3 | 1.1 | -3.4 | 3.7 | -0.4 | 0.9 | -0.3 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 188.3 | 653.5 | -123.8 | -98.7 | -98.9 | 132.6 | -430.4 | -51.4 | -12.7 | 59 |
| General government; sector discrepancy | FA367005005 | -37.7 | 142.5 | -158.0 | -1168.7 | 308.8 | 289.4 | -61.3 | 103.0 | -534.2 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 64.0 | 1760.5 | -1082.4 | -2302.5 | -990.2 | -1991.1 | 954.0 | 1443.6 | 569.9 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1391.7 | 5112.8 | 1469.1 | 990.8 | 1955.9 | 471.7 | 2458.1 | 2189.9 | 940.5 | 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 9, 2022