Financial Accounts of the United States - Z.1
F.5 Net Capital Transfers (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; capital transfers paid | FA895410005 | 116.7 | 132.2 | 210.7 | 334.8 | 127.1 | 602.8 | 398.5 | 210.7 | 148.5 | 1 |
| Domestic business; capital transfers paid | FA825410005 | 0.0 | 14.5 | 23.7 | 68.0 | 0.0 | 104.0 | 105.8 | 62.1 | 0.0 | 2 |
| Domestic financial sectors; capital transfers paid | FA795410005 | 0.0 | 0.0 | 23.7 | 28.4 | 0.0 | 0.0 | 105.8 | 8.0 | 0.0 | 3 |
| Property-casualty insurance companies; capital transfers paid, disaster-related insurance benefits | FA515410073 | 0.0 | 0.0 | 23.7 | 24.7 | 0.0 | 0.0 | 98.9 | 0.0 | 0.0 | 4 |
| Domestic financial sectors; capital transfers paid, other than for disasters | FA795410003 | 0.0 | 0.0 | 0.0 | 3.7 | 0.0 | 0.0 | 6.8 | 8.0 | 0.0 | 5 |
| Nonfinancial corporate business; capital transfers paid (includes disaster-related payments by BP to state and local governments) | FA105410003 | 0.0 | 14.5 | 0.0 | 39.5 | 0.0 | 104.0 | 0.0 | 54.1 | 0.0 | 6 |
| Nonfinancial noncorporate business; capital transfers paid | FA115410003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7 |
| General government; capital transfers paid | FA365410005 | 95.2 | 92.4 | 148.5 | 219.0 | 89.1 | 460.7 | 216.4 | 109.9 | 110.6 | 8 |
| Federal government; capital transfers paid | FA315410005 | 95.2 | 92.4 | 148.5 | 216.5 | 89.1 | 460.7 | 206.4 | 109.9 | 110.6 | 9 |
| State and local governments; capital transfers received, investment grants from federal government | FA215400033 | 69.6 | 76.6 | 72.6 | 181.5 | 72.5 | 436.4 | 140.3 | 76.9 | 75.8 | 10 |
| Federal government; capital transfers paid, disaster-related insurance benefits | FA315410073 | 0.0 | 0.0 | 4.0 | 10.0 | 0.0 | 0.0 | 40.0 | 0.0 | 0.0 | 11 |
| Federal government; capital transfers paid to financial corporations under the financial stabilization program (2) | FA315410093 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| Federal government; other capital transfers paid to business | FA315410043 | 12.4 | 0.9 | 0.5 | 1.6 | 0.4 | 0.3 | 0.3 | 5.5 | 0.2 | 13 |
| Federal government; other capital transfers paid to households | FA315410053 | 6.3 | 8.8 | 64.1 | 9.4 | 8.5 | 8.5 | 10.0 | 10.7 | 10.7 | 14 |
| Federal government; capital transfers paid to the rest of the world | FA315410063 | 6.8 | 6.2 | 7.3 | 14.0 | 7.7 | 15.5 | 15.8 | 16.9 | 23.9 | 15 |
| State and local governments; capital transfers paid, disaster-related insurance benefits | FA215410073 | 0.0 | 0.0 | 0.0 | 2.5 | 0.0 | 0.0 | 10.0 | 0.0 | 0.0 | 16 |
| State and local governments; capital transfers paid, disaster-related insurance benefits | FA215410073 | 0.0 | 0.0 | 0.0 | 2.5 | 0.0 | 0.0 | 10.0 | 0.0 | 0.0 | 17 |
| Households and nonprofit organizations; capital transfers paid; estate and gift taxes | FA155410035 | 21.5 | 25.3 | 34.7 | 38.7 | 38.0 | 38.1 | 40.1 | 38.7 | 38.0 | 18 |
| Federal government; capital transfers received, estate and gift taxes paid by persons | FA315400053 | 16.2 | 19.1 | 27.5 | 31.2 | 30.8 | 30.9 | 32.4 | 30.8 | 29.8 | 19 |
| State and local governments; capital transfers received, estate and gift taxes paid by persons | FA215400053 | 5.3 | 6.1 | 7.2 | 7.5 | 7.1 | 7.2 | 7.7 | 7.9 | 8.1 | 20 |
| Rest of the world; capital transfers paid | FA265410005 | 0.0 | 0.0 | 3.8 | 9.1 | 0.0 | 0.0 | 36.3 | 0.0 | 0.0 | 21 |
| Rest of the world; capital transfers paid, disaster-related insurance benefits | FA265410073 | 0.0 | 0.0 | 3.8 | 9.1 | 0.0 | 0.0 | 36.3 | 0.0 | 0.0 | 22 |
| Rest of the world; capital transfers paid, other than for disasters | FA265410003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 23 |
| All sectors; capital transfers received | FA895400005 | 116.7 | 132.2 | 210.7 | 334.8 | 127.1 | 602.8 | 398.5 | 210.7 | 148.5 | 24 |
| Domestic business; capital transfers received | FA825400005 | 12.4 | 0.9 | 16.0 | 20.3 | 0.4 | 0.3 | 75.0 | 5.5 | 0.2 | 25 |
| Domestic financial sectors; capital transfers received | FA795400005 | 0.0 | 0.0 | 1.0 | 1.0 | 0.0 | 0.0 | 3.9 | 0.0 | 0.0 | 26 |
| Property-casualty insurance companies; capital transfers received, disaster-related insurance benefits | FA515400073 | 0.0 | 0.0 | 1.0 | 1.0 | 0.0 | 0.0 | 3.9 | 0.0 | 0.0 | 27 |
| Domestic financial sectors; capital transfers received, other | FA795400003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 28 |
| Nonfinancial corporate business; capital transfers received | FA105400005 | 12.4 | 0.9 | 9.8 | 9.2 | 0.4 | 0.3 | 35.2 | 1.0 | 0.2 | 29 |
| Nonfinancial corporate business; capital transfers received, disaster-related insurance benefits | FA105400073 | 0.0 | 0.0 | 9.4 | 8.7 | 0.0 | 0.0 | 34.9 | 0.0 | 0.0 | 30 |
| Nonfinancial corporate business; capital transfers received, other | FA105400003 | 12.4 | 0.9 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 | 1.0 | 0.2 | 31 |
| Nonfinancial noncorporate business; capital transfers received | FA115400005 | 0.0 | 0.0 | 5.2 | 10.1 | 0.0 | 0.0 | 36.0 | 4.4 | 0.0 | 32 |
| Nonfinancial noncorporate business; capital transfers received, disaster-related insurance benefits | FA115400075 | 0.0 | 0.0 | 5.2 | 9.0 | 0.0 | 0.0 | 36.0 | 0.0 | 0.0 | 33 |
| Nonfinancial noncorporate business; capital transfers received, other | FA115400003 | 0.0 | 0.0 | 0.0 | 1.1 | 0.0 | 0.0 | 0.0 | 4.4 | 0.0 | 34 |
| General government; capital transfers received | FA365400005 | 91.1 | 102.8 | 110.6 | 262.3 | 110.5 | 578.0 | 191.3 | 169.3 | 113.7 | 35 |
| Federal government; capital transfers received, total | FA315400005 | 16.2 | 19.1 | 27.5 | 31.2 | 30.8 | 30.9 | 32.4 | 30.8 | 29.8 | 36 |
| Federal government; capital transfers received, estate and gift taxes paid by persons | FA315400053 | 16.2 | 19.1 | 27.5 | 31.2 | 30.8 | 30.9 | 32.4 | 30.8 | 29.8 | 37 |
| Federal government; capital transfers received, other | FA315400003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 38 |
| State and local governments; capital transfers received | FA215400005 | 74.9 | 83.7 | 83.1 | 231.0 | 79.7 | 547.1 | 158.9 | 138.5 | 83.9 | 39 |
| State and local governments; capital transfers received, disaster-related insurance benefits | FA215400073 | 0.0 | 0.0 | 3.2 | 2.7 | 0.0 | 0.0 | 10.9 | 0.0 | 0.0 | 40 |
| State and local governments; capital transfers received, estate and gift taxes paid by persons | FA215400053 | 5.3 | 6.1 | 7.2 | 7.5 | 7.1 | 7.2 | 7.7 | 7.9 | 8.1 | 41 |
| State and local governments; capital transfers received, investment grants from federal government | FA215400033 | 69.6 | 76.6 | 72.6 | 181.5 | 72.5 | 436.4 | 140.3 | 76.9 | 75.8 | 42 |
| State and local governments; capital transfers received, other (includes disaster-related payments by BP to state and local governments for the 2010 Gulf oil spill) | FA215400003 | 0.0 | 1.0 | 0.0 | 39.3 | 0.0 | 103.5 | 0.0 | 53.6 | 0.0 | 43 |
| Households and nonprofit organizations; capital transfers received | FA155400005 | 6.3 | 22.3 | 76.8 | 38.0 | 8.5 | 8.5 | 116.4 | 18.7 | 10.7 | 44 |
| Households and nonprofit organizations; capital transfers received, disaster-related insurance benefits | FA155400073 | 0.0 | 0.0 | 12.7 | 24.9 | 0.0 | 0.0 | 99.6 | 0.0 | 0.0 | 45 |
| Households and nonprofit organizations; capital transfers received, other | FA155400003 | 6.3 | 22.3 | 64.1 | 13.1 | 8.5 | 8.5 | 16.8 | 18.7 | 10.7 | 46 |
| Rest of the world; capital transfers received | FA265400005 | 6.8 | 6.2 | 7.3 | 14.2 | 7.7 | 16.0 | 15.8 | 17.3 | 23.9 | 47 |
| Rest of the world; capital transfers received from U.S. government | FA265400033 | 6.8 | 6.2 | 7.3 | 14.0 | 7.7 | 15.5 | 15.8 | 16.9 | 23.9 | 48 |
| Rest of the world; capital transfers received, disaster-related insurance benefits | FA265400073 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 49 |
| Rest of the world; capital transfers received, other | FA265400003 | 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | 0.5 | 0.0 | 0.4 | 0.0 | 50 |
| Domestic business; net capital transfers paid | FA825440005 | -12.4 | 13.6 | 7.7 | 47.7 | -0.4 | 103.7 | 30.7 | 56.6 | -0.2 | 51 |
| Domestic financial sectors; net capital transfers paid | FA795440005 | 0.0 | 0.0 | 22.7 | 27.5 | 0.0 | 0.0 | 101.9 | 8.0 | 0.0 | 52 |
| Property-casualty insurance companies; net capital transfers paid | FA515440005 | 0.0 | 0.0 | 22.7 | 23.8 | 0.0 | 0.0 | 95.1 | 0.0 | 0.0 | 53 |
| Life insurance companies; capital transfers paid, tax on foreign earnings retained abroad | FA545410003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 54 |
| U.S.-chartered depository institutions; net capital transfers paid | FA765440005 | 0.0 | 0.0 | 0.0 | 3.7 | 0.0 | 0.0 | 6.8 | 8.0 | 0.0 | 55 |
| Government-sponsored enterprises; capital transfers received from the federal government | FA405400033 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 56 |
| Finance companies; capital transfers paid, tax on foreign earnings retained abroad | FA615410003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 57 |
| Holding companies; capital transfers paid, tax on foreign earnings retained abroad | FA735410003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 58 |
| Holding companies; capital transfers received by GMAC from the federal government under the financial stabilization program | FA735400033 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 59 |
| Other financial business; capital transfers received by AIG from the federal government under the financial stabilization program | FA505400033 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 60 |
| Nonfinancial corporate business; net capital transfers paid | FA105440005 | -12.4 | 13.6 | -9.8 | 30.3 | -0.4 | 103.7 | -35.2 | 53.1 | -0.2 | 61 |
| Nonfinancial noncorporate business; net capital transfers paid | FA115440005 | 0.0 | 0.0 | -5.2 | -10.1 | 0.0 | 0.0 | -36.0 | -4.4 | 0.0 | 62 |
| General government; net capital transfers paid | FA365440005 | 4.1 | -10.4 | 37.9 | -43.2 | -21.4 | -117.3 | 25.1 | -59.4 | -3.1 | 63 |
| Federal government; net capital transfers paid | FA315440005 | 79.0 | 73.3 | 121.0 | 185.3 | 58.3 | 429.8 | 174.0 | 79.0 | 80.7 | 64 |
| State and local governments; net capital transfers paid | FA215440005 | -74.9 | -83.7 | -83.1 | -228.5 | -79.7 | -547.1 | -148.9 | -138.5 | -83.9 | 65 |
| Households and nonprofit organizations; net capital transfers paid | FA155440005 | 15.1 | 3.0 | -42.1 | 0.7 | 29.5 | 29.6 | -76.3 | 20.1 | 27.3 | 66 |
| Rest of the world; net capital transfers paid | FA265440005 | -6.8 | -6.2 | -3.5 | -5.2 | -7.7 | -16.0 | 20.4 | -17.3 | -23.9 | 67 |
NOTES
- This table is based on NIPA table 5.11 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).
- Series treated as capital losses in the financial corporations sectors rather than as capital transfers in the Financial Accounts of the United States.
Last Update: June 8, 2023