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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6829.7 | 7844 | 8545.7 | 8481 | 8578.6 | 8565 | 8558.3 | 8292 | 8212.3 | 1 |
| General government; personal current taxes | FA366210005 | 2236.4 | 2661.7 | 3196.6 | 3145.5 | 3188.5 | 3236.5 | 3216.2 | 2906.2 | 2853.8 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1526.3 | 1663.4 | 1772.4 | 1750.1 | 1775.5 | 1785.1 | 1779 | 1793.4 | 1795 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 276.1 | 374.4 | 458.3 | 479.7 | 463 | 441.3 | 449.3 | 472.4 | 423.5 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 27.7 | 30.6 | 34.6 | 33.6 | 35.3 | 34.9 | 34.9 | 35.8 | 36 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1455 | 1546.2 | 1678.1 | 1640.6 | 1660.3 | 1701.6 | 1709.8 | 1737 | 1756 | 6 |
| General government; property income (received) | FA366150105 | 220.5 | 242 | 225.8 | 277.8 | 259.4 | 202.3 | 163.6 | 154.6 | 155.1 | 7 |
| General government; other current transfers received | FA366403105 | 1088 | 1323.6 | 1183.3 | 1152 | 1199.6 | 1169.8 | 1211.7 | 1197 | 1199.8 | 8 |
| General government; operating surplus, net | FA366402105 | -0.1 | 2.1 | -3.4 | 1.8 | -3 | -6.4 | -6.1 | -4.4 | -7 | 9 |
| General government; current expenditures | FA366900015 | 9773.8 | 10454.4 | 9604.5 | 9342.7 | 9496.3 | 9660.7 | 9918.4 | 10124.6 | 10187.8 | 10 |
| General government; consumption expenditures | FA366901005 | 3138.4 | 3353.7 | 3591 | 3482.1 | 3573.9 | 3624.2 | 3684 | 3737.2 | 3744.2 | 11 |
| General government; social contributions paid | FA366404005 | 4220.9 | 4577.6 | 3868.5 | 3825.9 | 3837.7 | 3852.4 | 3957.9 | 4017.7 | 4038.9 | 12 |
| General government; other current transfers paid | FA366403005 | 932.7 | 1174.5 | 1040.8 | 1009.1 | 1040.5 | 1065.3 | 1048.2 | 1073.7 | 1072.2 | 13 |
| General government; interest paid | FA366130005 | 824.5 | 866.7 | 980.6 | 880.5 | 920.7 | 1004.4 | 1116.7 | 1190.4 | 1229.5 | 14 |
| General government; subsidies paid | FA366402005 | 657.3 | 481.9 | 123.7 | 145.2 | 123.5 | 114.5 | 111.5 | 105.5 | 103.1 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -2944.1 | -2610.5 | -1058.8 | -861.6 | -917.8 | -1095.7 | -1360.1 | -1832.6 | -1975.5 | 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 | 691.2 | 711.2 | 726.3 | 737.1 | 748.9 | 755.9 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -3.6 | -1.2 | -2.7 | -2.5 | -3.9 | -3 | -1.5 | -0.9 | -0.8 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -10.4 | 37.9 | -43.2 | -21.4 | -117.3 | 25.1 | -59.4 | -0.3 | 10.1 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -2324.1 | -2000.1 | -296.4 | -146.6 | -85.4 | -391.5 | -562 | -1082.4 | -1228.9 | 20 |
| General government; gross investment | FA365090005 | -2559.7 | -1721.3 | -352 | -220.3 | 549.2 | -1086.7 | -650.1 | -1260 | -1844.4 | 21 |
| General government; gross fixed investment | FA365019005 | 790.5 | 807 | 857.1 | 829.3 | 838.9 | 868.8 | 891.3 | 912.6 | 942.1 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 13.7 | 8 | -90.6 | -306.9 | 0.3 | -72.9 | 17.3 | 17 | 17.2 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -3363.9 | -2536.2 | -1118.5 | -742.7 | -290 | -1882.6 | -1558.7 | -2189.7 | -2803.7 | 24 |
| General government; total financial assets | FA364090005 | 2052.4 | -693.3 | 508 | 1809.9 | 1306.4 | -523.4 | -560.9 | -617.6 | 817.6 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 8.9 | 114.1 | 5.8 | 3.7 | 4.6 | 3.3 | 11.6 | 3.1 | 9.8 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 1417.1 | -1207.8 | 57.2 | 1193.3 | 633 | -738.6 | -858.8 | -897.7 | 962.3 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | -10.9 | -29.6 | -13.4 | 5.6 | -72.7 | -12.4 | 26 | 5 | 45 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 13.5 | 15.3 | 9.8 | 2.6 | 7.1 | 10.4 | 19.1 | 24.8 | 11.8 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 15.7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 30 |
| General government; debt securities; asset | FA364022005 | 219.8 | 332.4 | 336.3 | 270.1 | 734.1 | 241.2 | 99.9 | 218.6 | 159.1 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | -0.4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 291.3 | 383.9 | 300.1 | 244.7 | 681.5 | 190.3 | 83.8 | 189.4 | 134.2 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -71.4 | -39.8 | 36.3 | 41.8 | 48.7 | 47.3 | 7.2 | 13.7 | 6.3 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 1.5 | 3.8 | 6.4 | 5.5 | 6 | 6.7 | 7.4 | 8.1 | 8.8 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -1.2 | -19.5 | -10.5 | -26 | -6.1 | -7.2 | -2.6 | 3.5 | 5.8 | 36 |
| General government; loans; asset | FA364023005 | 259.1 | 185.6 | 162.7 | 244.2 | 220.1 | 72.3 | 114.1 | 30.5 | -109.3 | 37 |
| General government; total mortgages; asset | FA363065005 | 8.4 | 13.7 | 21 | 14.9 | 20.7 | 27.2 | 21.4 | 14.6 | 12.1 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 61.7 | 55.4 | 51 | 40.1 | 68.5 | 46.5 | 48.7 | 18.8 | 30.9 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 189 | 116.6 | 90.7 | 189.2 | 130.8 | -1.5 | 44.1 | -2.9 | -152.3 | 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 |
| Federal government; other equity; asset (IMA) | FA313081115 | 115.8 | -91.5 | -3.5 | 1.2 | -7 | 1.3 | -9.5 | 1.1 | -9.3 | 42 |
| 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 | 43 |
| General government; trade receivables; asset | FA363070005 | -1.5 | 46.3 | 27.6 | 64.3 | 28.2 | -0.9 | 18.9 | -8.7 | 3.6 | 44 |
| General government; taxes receivable; asset | FA363078005 | -1 | -130.9 | -83.2 | 18.7 | -257.8 | -129.8 | 36 | 24.2 | -205.8 | 45 |
| General government; total miscellaneous assets | FA363090005 | 18.1 | 65.1 | 0.9 | -1.5 | 9 | 22 | -26 | -26.3 | -57.4 | 46 |
| General government; total liabilities | FA364190005 | 5416.3 | 1843 | 1626.5 | 2552.7 | 1596.4 | 1359.2 | 997.8 | 1572.1 | 3621.3 | 47 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0 | 112.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48 |
| Monetary authority; SDR certificates issued by federal government; asset | FA713014003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49 |
| Federal government; Treasury currency; liability | FA313112003 | -0 | -0.1 | -0.4 | 0 | 0 | -1.7 | 0 | 0 | 0 | 50 |
| General government; debt securities; liability | FA364122005 | 4671.8 | 1752.6 | 1493.6 | 2507.9 | 1495.6 | 1084.3 | 886.8 | 141.9 | 4620 | 51 |
| Federal government; Treasury securities; liability | FA313161105 | 4582.2 | 1683.8 | 1546.9 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 104.2 | 4538.7 | 52 |
| Federal government; budget agency securities; liability | FA313161705 | -1 | -0.4 | 0 | -1.6 | 1.3 | -1.5 | 1.8 | -0.2 | -7 | 53 |
| State and local governments; municipal securities; liability | FA213162005 | 90.7 | 69.2 | -53.3 | -78.4 | 52.5 | -16.9 | -170.2 | 37.9 | 88.3 | 54 |
| General government; loans; liability | FA364123005 | 1 | 0.5 | 0.7 | 0.5 | 0.4 | 0 | 2 | 1092.4 | -1090.5 | 55 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56 |
| General government; other loans and advances; liability | FA363169005 | 1 | 0.5 | 0.7 | 0.5 | 0.4 | 0 | 2 | 1092.4 | -1090.5 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.2 | 0.3 | 0.4 | 0.9 | -0.3 | 1 | -0.1 | 2 | -0.2 | 58 |
| General government; trade payables; liability | FA363170005 | 85 | 111.9 | 108.5 | 130.1 | 148.4 | 77.4 | 78.2 | 50.2 | 92.5 | 59 |
| General government; total miscellaneous liabilities | FA363190005 | 658.4 | -135 | 23.7 | -86.7 | -47.6 | 198.2 | 30.8 | 285.5 | -0.4 | 60 |
| General government; sector discrepancy | FA367005005 | 235.6 | -278.9 | 55.6 | 73.8 | -634.6 | 695.1 | 88.1 | 177.6 | 615.5 | 61 |
| General government (consolidated); total financial assets (4) | FA374090005 | 1758.6 | -1081.4 | 200.8 | 1559.2 | 618.6 | -720.5 | -654.2 | -816.1 | 673.7 | 62 |
| General government (consolidated); total liabilities (4) | FA374190005 | 5122.5 | 1454.8 | 1319.3 | 2302 | 908.6 | 1162.1 | 904.5 | 1373.6 | 3477.5 | 63 |
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 57).
Last Update: September 11, 2023