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 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6497.9 | 6829.7 | 7844.0 | 8545.7 | 8481.0 | 8578.6 | 8565.0 | 8558.3 | 8284.3 | 1 |
| General government; personal current taxes | FA366210005 | 2198.4 | 2236.4 | 2661.7 | 3196.6 | 3145.5 | 3188.5 | 3236.5 | 3216.2 | 2905.9 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1530.0 | 1526.3 | 1663.4 | 1772.4 | 1750.1 | 1775.5 | 1785.1 | 1779.0 | 1792.3 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 283.9 | 276.1 | 374.4 | 458.3 | 479.7 | 463.0 | 441.3 | 449.3 | 465.2 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 26.5 | 27.7 | 30.6 | 34.6 | 33.6 | 35.3 | 34.9 | 34.9 | 35.7 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1430.0 | 1455.0 | 1546.2 | 1678.1 | 1640.6 | 1660.3 | 1701.6 | 1709.8 | 1736.9 | 6 |
| General government; property income (received) | FA366150105 | 211.6 | 220.5 | 242.0 | 225.8 | 277.8 | 259.4 | 202.3 | 163.6 | 155.1 | 7 |
| General government; other current transfers received | FA366403105 | 831.7 | 1088.0 | 1323.6 | 1183.3 | 1152.0 | 1199.6 | 1169.8 | 1211.7 | 1197.6 | 8 |
| General government; operating surplus, net | FA366402105 | -14.2 | -0.1 | 2.1 | -3.4 | 1.8 | -3.0 | -6.4 | -6.1 | -4.5 | 9 |
| General government; current expenditures | FA366900015 | 7743.5 | 9773.8 | 10454.4 | 9604.5 | 9342.7 | 9496.3 | 9660.7 | 9918.4 | 10113.3 | 10 |
| General government; consumption expenditures | FA366901005 | 3008.8 | 3138.4 | 3353.7 | 3591.0 | 3482.1 | 3573.9 | 3624.2 | 3684.0 | 3740.5 | 11 |
| General government; social contributions paid | FA366404005 | 3113.7 | 4220.9 | 4577.6 | 3868.5 | 3825.9 | 3837.7 | 3852.4 | 3957.9 | 4009.4 | 12 |
| General government; other current transfers paid | FA366403005 | 659.3 | 932.7 | 1174.5 | 1040.8 | 1009.1 | 1040.5 | 1065.2 | 1048.2 | 1067.8 | 13 |
| General government; interest paid | FA366130005 | 888.7 | 824.5 | 866.7 | 980.6 | 880.5 | 920.7 | 1004.4 | 1116.7 | 1190.1 | 14 |
| General government; subsidies paid | FA366402005 | 73.0 | 657.3 | 481.9 | 123.7 | 145.2 | 123.5 | 114.5 | 111.5 | 105.5 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -1245.6 | -2944.1 | -2610.5 | -1058.8 | -861.6 | -917.8 | -1095.7 | -1360.1 | -1829.0 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 586.5 | 605.9 | 647.1 | 716.5 | 691.2 | 711.2 | 726.3 | 737.1 | 749.0 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.2 | -3.6 | -1.2 | -2.7 | -2.5 | -3.9 | -3.0 | -1.5 | -0.9 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | 4.1 | -10.4 | 37.9 | -43.2 | -21.4 | -117.3 | 25.1 | -59.4 | -3.1 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -661.0 | -2324.1 | -2000.1 | -296.4 | -146.6 | -85.4 | -391.5 | -562.0 | -1075.9 | 20 |
| General government; gross investment | FA365090005 | -573.4 | -2542.4 | -1724.6 | -384.7 | -257.5 | 514.9 | -1112.2 | -683.8 | -1386.1 | 21 |
| General government; gross fixed investment | FA365019005 | 751.1 | 790.5 | 807.0 | 857.1 | 829.3 | 838.9 | 868.8 | 891.3 | 914.3 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 14.1 | 13.7 | 8.0 | -90.6 | -306.9 | 0.3 | -72.9 | 17.3 | 17.0 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -1338.7 | -3346.7 | -2539.6 | -1151.2 | -779.9 | -324.3 | -1908.2 | -1592.3 | -2317.5 | 24 |
| General government; total financial assets | FA364090005 | 102.6 | 2058.5 | -687.3 | 512.4 | 1810.0 | 1310.7 | -512.8 | -558.2 | -706.2 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 4.6 | 8.9 | 114.1 | 5.8 | 3.7 | 4.6 | 3.3 | 11.6 | 9.8 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 7.2 | 1417.1 | -1207.8 | 57.3 | 1193.3 | 633.0 | -738.6 | -858.7 | -898.1 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 20.0 | -10.9 | -29.6 | -13.4 | 5.6 | -72.7 | -12.4 | 26.0 | 5.3 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 6.8 | 13.5 | 15.3 | 9.8 | 2.6 | 7.1 | 10.4 | 19.1 | 24.8 | 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 | 336.3 | 270.1 | 734.1 | 241.2 | 99.9 | 218.6 | 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 | 300.1 | 244.7 | 681.5 | 190.3 | 83.8 | 189.4 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 2.4 | -71.4 | -39.8 | 36.3 | 41.8 | 48.7 | 47.3 | 7.2 | 13.7 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | -0.9 | 1.5 | 3.8 | 6.4 | 5.5 | 6.0 | 6.7 | 7.4 | 8.1 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -16.6 | -1.2 | -19.5 | -10.5 | -26.0 | -6.1 | -7.2 | -2.6 | 3.5 | 36 |
| General government; loans; asset | FA364023005 | 91.6 | 259.1 | 184.0 | 160.1 | 237.7 | 218.3 | 71.6 | 112.9 | 36.6 | 37 |
| General government; total mortgages; asset | FA363065005 | -1.3 | 8.3 | 13.7 | 21.0 | 14.9 | 20.7 | 27.2 | 21.4 | 14.6 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 83.0 | 61.7 | 55.4 | 51.0 | 40.1 | 68.5 | 46.5 | 48.7 | 25.5 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 9.9 | 189.0 | 115.0 | 88.1 | 182.8 | 129.1 | -2.1 | 42.8 | -3.5 | 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 | 10.2 | -1.5 | 46.3 | 26.8 | 64.3 | 30.5 | -0.4 | 12.8 | -2.6 | 43 |
| General government; taxes receivable; asset | FA363078005 | -18.3 | -1.0 | -130.9 | -83.2 | 18.7 | -257.8 | -129.8 | 36.0 | 21.8 | 44 |
| General government; total miscellaneous assets | FA363090005 | -51.7 | 140.1 | -19.0 | 5.2 | 6.2 | 5.8 | 34.1 | -25.5 | -130.4 | 45 |
| General government; total liabilities | FA364190005 | 1441.3 | 5405.2 | 1852.3 | 1663.6 | 2590.0 | 1635.0 | 1395.4 | 1034.2 | 1611.2 | 46 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0.0 | 0.0 | 112.8 | 0.0 | 0.0 | 0.0 | 0.0 | 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 | -0.4 | 0.0 | 0.0 | -1.7 | 0.0 | 0.0 | 49 |
| General government; debt securities; liability | FA364122005 | 1172.6 | 4671.4 | 1751.5 | 1492.9 | 2508.1 | 1493.7 | 1083.0 | 886.8 | 142.5 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 1176.6 | 4582.2 | 1683.8 | 1546.9 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 104.2 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -1.7 | -1.0 | -0.4 | 0.0 | -1.6 | 1.3 | -1.5 | 1.8 | -0.2 | 52 |
| State and local governments; municipal securities; liability | FA213162005 | -2.3 | 90.3 | 68.1 | -54.0 | -78.2 | 50.6 | -18.2 | -170.2 | 38.5 | 53 |
| General government; loans; liability | FA364123005 | 1.0 | 1.0 | 0.5 | 0.7 | 0.5 | 0.4 | 0.0 | 2.0 | 1092.4 | 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 | 0.5 | 0.4 | 0.0 | 2.0 | 1092.4 | 56 |
| General government; trade payables; liability | FA363170005 | 83.8 | 85.0 | 111.8 | 109.4 | 130.1 | 151.8 | 78.0 | 77.7 | 52.0 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.9 | 0.2 | 0.3 | 0.4 | 0.9 | -0.3 | 1.0 | -0.1 | 2.0 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 183.5 | 647.7 | -124.6 | 60.6 | -49.6 | -10.6 | 235.1 | 67.7 | 322.3 | 59 |
| General government; sector discrepancy | FA367005005 | -87.5 | 218.3 | -275.5 | 88.3 | 111.0 | -600.3 | 720.7 | 121.7 | 310.2 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 51.0 | 1764.7 | -1075.5 | 205.2 | 1559.3 | 622.8 | -709.9 | -651.5 | -904.7 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1389.7 | 5111.4 | 1464.1 | 1356.4 | 2339.2 | 947.2 | 1198.3 | 940.9 | 1412.7 | 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 8, 2023