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 | 2020 | 2021 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6829.7 | 7844.0 | 8549.3 | 7887.0 | 7968.7 | 8481.0 | 8578.6 | 8565.0 | 8572.7 | 1 |
| General government; personal current taxes | FA366210005 | 2236.4 | 2661.7 | 3200.7 | 2693.2 | 2806.1 | 3145.5 | 3188.5 | 3236.5 | 3232.5 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1526.3 | 1663.4 | 1774.0 | 1680.0 | 1713.2 | 1750.1 | 1775.5 | 1785.1 | 1785.5 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 276.1 | 374.4 | 460.8 | 372.9 | 415.3 | 479.7 | 463.0 | 441.3 | 459.2 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 27.7 | 30.6 | 34.7 | 30.8 | 31.7 | 33.6 | 35.3 | 34.9 | 35.2 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1455.0 | 1546.2 | 1682.5 | 1559.5 | 1601.5 | 1640.6 | 1660.3 | 1701.6 | 1727.7 | 6 |
| General government; property income (received) | FA366150105 | 220.5 | 242.0 | 225.6 | 253.2 | 258.5 | 277.8 | 259.4 | 202.3 | 163.0 | 7 |
| General government; other current transfers received | FA366403105 | 1088.0 | 1323.6 | 1174.2 | 1294.1 | 1136.7 | 1152.0 | 1199.6 | 1169.8 | 1175.6 | 8 |
| General government; operating surplus, net | FA366402105 | -0.1 | 2.1 | -3.4 | 3.3 | 5.8 | 1.8 | -3.0 | -6.4 | -6.0 | 9 |
| General government; current expenditures | FA366900015 | 9773.8 | 10454.4 | 9594.3 | 10056.7 | 9457.8 | 9342.7 | 9496.3 | 9660.7 | 9877.3 | 10 |
| General government; consumption expenditures | FA366901005 | 3138.4 | 3353.7 | 3590.7 | 3373.1 | 3423.8 | 3482.1 | 3573.9 | 3624.2 | 3682.5 | 11 |
| General government; social contributions paid | FA366404005 | 4220.9 | 4577.6 | 3867.7 | 4092.9 | 3879.5 | 3825.9 | 3837.7 | 3852.4 | 3955.0 | 12 |
| General government; other current transfers paid | FA366403005 | 932.7 | 1174.5 | 1031.6 | 1165.2 | 983.0 | 1009.1 | 1040.5 | 1065.2 | 1011.6 | 13 |
| General government; interest paid | FA366130005 | 824.5 | 866.7 | 980.6 | 879.1 | 882.5 | 880.5 | 920.7 | 1004.4 | 1116.8 | 14 |
| General government; subsidies paid | FA366402005 | 657.3 | 481.9 | 123.7 | 546.3 | 289.0 | 145.2 | 123.5 | 114.5 | 111.5 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -2944.1 | -2610.5 | -1044.9 | -2169.7 | -1489.1 | -861.6 | -917.8 | -1095.7 | -1304.7 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 605.9 | 647.1 | 716.5 | 653.2 | 669.7 | 691.2 | 711.2 | 726.3 | 737.3 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -3.6 | -0.8 | -1.2 | 1.4 | -0.1 | -1.0 | -2.3 | -1.4 | 0.1 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -10.4 | 37.9 | -43.3 | -19.7 | -21.0 | -21.4 | -117.3 | 25.1 | -59.5 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -2324.1 | -2000.5 | -284.0 | -1498.2 | -798.4 | -148.1 | -87.0 | -393.1 | -508.0 | 20 |
| General government; gross investment | FA365090005 | -2534.9 | -1730.0 | -404.0 | -1658.2 | -639.7 | -269.3 | 508.5 | -1127.5 | -727.5 | 21 |
| General government; gross fixed investment | FA365019005 | 790.5 | 807.0 | 856.8 | 810.1 | 822.9 | 829.3 | 838.9 | 868.8 | 890.0 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 13.7 | 8.0 | -90.6 | -0.9 | 17.2 | -306.9 | 0.3 | -72.9 | 17.2 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -3339.1 | -2545.0 | -1170.2 | -2467.4 | -1479.8 | -791.7 | -330.7 | -1923.5 | -1634.7 | 24 |
| General government; total financial assets | FA364090005 | 2064.0 | -687.9 | 498.8 | -1652.7 | 1156.1 | 1788.0 | 1305.0 | -524.0 | -573.7 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 8.9 | 114.1 | 1.9 | 450.9 | 12.0 | 3.7 | 4.6 | 3.3 | -3.9 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 1417.1 | -1208.1 | 57.1 | -2553.3 | 723.5 | 1193.3 | 633.2 | -738.8 | -859.1 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | -10.9 | -29.8 | -13.0 | -33.8 | -48.6 | 5.5 | -72.4 | -11.0 | 26.1 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 13.5 | 15.3 | 0.3 | 11.3 | 21.4 | -7.7 | -2.3 | 1.4 | 9.6 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 15.7 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 30 |
| General government; debt securities; asset | FA364022005 | 219.8 | 332.4 | 322.3 | 339.8 | 148.0 | 270.1 | 734.1 | 241.2 | 43.9 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | -0.4 | 4.0 | 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 | 291.3 | 383.9 | 286.1 | 351.9 | 168.2 | 244.7 | 681.5 | 190.3 | 27.8 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -71.4 | -39.8 | 36.3 | -34.0 | -30.2 | 41.8 | 48.7 | 47.3 | 7.2 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 1.5 | 3.8 | 6.4 | 4.8 | 4.3 | 5.5 | 6.0 | 6.7 | 7.4 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -1.2 | -19.5 | -10.5 | 13.2 | 1.8 | -26.0 | -6.1 | -7.2 | -2.6 | 36 |
| General government; loans; asset | FA364023005 | 259.1 | 184.0 | 174.9 | 269.7 | 222.7 | 237.7 | 218.3 | 71.2 | 172.6 | 37 |
| General government; total mortgages; asset | FA363065005 | 8.3 | 13.7 | 42.5 | 15.9 | 14.2 | 14.9 | 20.7 | 27.2 | 107.2 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 61.7 | 55.4 | 44.6 | 48.0 | 21.0 | 40.1 | 68.5 | 46.5 | 23.4 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 189.0 | 115.0 | 87.8 | 205.9 | 187.5 | 182.8 | 129.1 | -2.6 | 42.0 | 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 | -1.5 | 46.3 | 21.1 | 40.6 | 58.7 | 52.8 | 33.6 | -1.2 | -1.0 | 43 |
| General government; taxes receivable; asset | FA363078005 | 4.5 | -130.9 | -78.3 | -174.1 | -22.8 | 18.7 | -257.8 | -130.7 | 56.6 | 44 |
| General government; total miscellaneous assets | FA363090005 | 140.1 | -19.0 | 4.7 | -11.6 | 33.4 | 6.2 | 5.8 | 32.8 | -26.2 | 45 |
| General government; total liabilities | FA364190005 | 5403.1 | 1857.1 | 1669.0 | 814.7 | 2635.9 | 2579.8 | 1635.7 | 1399.5 | 1061.1 | 46 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0.0 | 112.8 | 0.0 | 451.3 | 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 | -0.0 | -0.1 | -0.4 | -0.5 | 0.0 | 0.0 | 0.0 | -1.7 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 4671.7 | 1751.5 | 1489.0 | -605.8 | 3648.5 | 2493.3 | 1492.9 | 1082.6 | 887.3 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 4582.2 | 1683.8 | 1546.9 | -702.0 | 3682.7 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -1.0 | -0.4 | 0.0 | -1.3 | 1.1 | -1.6 | 1.3 | -1.5 | 1.8 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | 90.5 | 68.1 | -57.9 | 97.4 | -35.4 | -93.0 | 49.8 | -18.6 | -169.8 | 53 |
| General government; loans; liability | FA364123005 | 1.0 | 0.5 | 0.7 | 722.0 | -720.8 | 0.5 | 0.4 | 0.0 | 2.0 | 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 | 1.0 | 0.5 | 0.7 | 722.0 | -720.8 | 0.5 | 0.4 | 0.0 | 2.0 | 56 |
| General government; trade payables; liability | FA363170005 | 82.9 | 118.8 | 119.2 | 113.1 | 137.8 | 135.3 | 154.2 | 83.2 | 104.3 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.2 | 0.3 | 0.4 | 3.7 | -0.4 | 0.9 | -0.3 | 1.0 | -0.1 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 647.4 | -126.7 | 60.1 | 130.8 | -429.2 | -50.2 | -11.5 | 234.4 | 67.6 | 59 |
| General government; sector discrepancy | FA367005005 | 210.8 | -270.5 | 119.9 | 159.9 | -158.6 | 121.2 | -595.5 | 734.4 | 219.5 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 1770.2 | -1076.1 | 205.6 | -2009.0 | 982.2 | 1537.3 | 617.1 | -721.0 | -611.0 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 5109.3 | 1468.9 | 1375.8 | 458.3 | 2462.0 | 2329.0 | 947.8 | 1202.4 | 1023.8 | 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 9, 2023