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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 7966.6 | 8638.7 | 8609.2 | 8704.8 | 8635.6 | 8605.4 | 8321.4 | 8264.9 | 8321.7 | 1 |
| General government; personal current taxes | FA366210005 | 2743.3 | 3138.3 | 3162.8 | 3157.8 | 3137 | 3095.7 | 2763.7 | 2703.8 | 2778.1 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1671.9 | 1810.2 | 1784 | 1812.3 | 1824 | 1820.6 | 1831.1 | 1821.6 | 1833.7 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 390.8 | 527.5 | 513.9 | 532.3 | 529.8 | 534.1 | 561.1 | 554.1 | 552.7 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 31.1 | 33.8 | 34.1 | 34.2 | 33.4 | 33.3 | 34.5 | 34.9 | 34.5 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1563.3 | 1707.4 | 1668.8 | 1690.4 | 1731.9 | 1738.6 | 1779.9 | 1800.1 | 1820.9 | 6 |
| General government; property income (received) | FA366150105 | 233.7 | 212.4 | 266.6 | 246.1 | 180.9 | 156 | 142.8 | 142.4 | 147.1 | 7 |
| General government; other current transfers received | FA366403105 | 1337.4 | 1204.6 | 1171 | 1224.1 | 1194 | 1229.5 | 1215.4 | 1218.1 | 1165.9 | 8 |
| General government; operating surplus, net | FA366402105 | -5 | 4.4 | 8 | 7.6 | 4.5 | -2.3 | -7.1 | -10 | -11.2 | 9 |
| General government; current expenditures | FA366900015 | 10463.1 | 9640.6 | 9406.1 | 9571.3 | 9687.9 | 9897 | 10058.5 | 10115.3 | 10204.2 | 10 |
| General government; consumption expenditures | FA366901005 | 3366.3 | 3570.1 | 3473.2 | 3557.1 | 3595.5 | 3654.4 | 3702.1 | 3695.5 | 3790.5 | 11 |
| General government; social contributions paid | FA366404005 | 4586.7 | 3931.7 | 3891.9 | 3919 | 3912.1 | 4003.9 | 4032.7 | 4049 | 4021.6 | 12 |
| General government; other current transfers paid | FA366403005 | 1172 | 1037.7 | 1003.8 | 1039 | 1063.9 | 1043.9 | 1070.3 | 1068.8 | 1008.6 | 13 |
| General government; interest paid | FA366130005 | 855.5 | 973.7 | 885.2 | 926 | 998 | 1085.5 | 1152 | 1202.1 | 1279.9 | 14 |
| General government; subsidies paid | FA366402005 | 482.7 | 127.4 | 152 | 130.1 | 118.4 | 109.2 | 101.4 | 99.9 | 103.7 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -2496.6 | -1001.9 | -797 | -866.5 | -1052.3 | -1291.6 | -1737.1 | -1850.4 | -1882.5 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 659 | 722.3 | 698 | 717.4 | 731.8 | 742.1 | 754.1 | 759.7 | 766.9 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -1.2 | -2.7 | -2.5 | -3.9 | -3 | -1.5 | -0.9 | -0.8 | -2 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | 38.3 | -45.9 | -22.7 | -122 | 24.4 | -63.6 | -3.8 | 6.6 | 432.5 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -1874.6 | -230.9 | -73.8 | -23.2 | -342 | -484.5 | -978.3 | -1096.6 | -1546.1 | 20 |
| General government; gross investment | FA365090005 | -1643.8 | -340.1 | -244.3 | 571 | -1044.9 | -642.2 | -1217.1 | -1772.7 | -1565.1 | 21 |
| General government; gross fixed investment | FA365019005 | 826.8 | 876.8 | 848.2 | 858.5 | 882.3 | 918 | 941.8 | 974.4 | 1001.9 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 9.2 | -89.1 | -305.5 | 1.8 | -71.4 | 18.9 | 19.7 | 19.9 | 16.3 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -2479.8 | -1127.8 | -787 | -289.3 | -1855.8 | -1579 | -2178.6 | -2767 | -2583.4 | 24 |
| General government; total financial assets | FA364090005 | -654.1 | 521.8 | 1788 | 1328.3 | -470 | -559.2 | -584.3 | 865.2 | 868.1 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 114.1 | 5.8 | 3.7 | 4.6 | 3.3 | 11.6 | 3.1 | 0.9 | -2.1 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | -1207.8 | 57.2 | 1193.3 | 633 | -738.6 | -858.8 | -897.3 | 962.9 | 860.4 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | -29.6 | -13.4 | 5.6 | -72.7 | -12.4 | 26 | 4.9 | 45.1 | -28.5 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 15.3 | 9.8 | 2.6 | 7.1 | 10.4 | 19.1 | 24.8 | 11.8 | 13.3 | 29 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 30 |
| General government; debt securities; asset | FA364022005 | 332.4 | 336.3 | 270.1 | 734.1 | 241.2 | 99.9 | 218.6 | 159.1 | 146.8 | 31 |
| State and local governments; commercial paper; asset | FA213069103 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 32 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 383.9 | 300.1 | 244.7 | 681.5 | 190.3 | 83.8 | 189.4 | 134.2 | 124.5 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -39.8 | 36.3 | 41.8 | 48.7 | 47.3 | 7.2 | 13.7 | 6.3 | -2.9 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 3.8 | 6.4 | 5.5 | 6 | 6.7 | 7.4 | 8.1 | 8.8 | 9.5 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -19.5 | -10.5 | -26 | -6.1 | -7.2 | -2.6 | 3.5 | 5.8 | 11.8 | 36 |
| General government; loans; asset | FA364023005 | 185.6 | 162.7 | 244.2 | 220.1 | 93.9 | 92.5 | 33.5 | -119.4 | -111.7 | 37 |
| General government; total mortgages; asset | FA363065005 | 13.7 | 21 | 14.9 | 20.7 | 27.2 | 21.4 | 14.6 | 12.1 | 19.8 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 55.4 | 51 | 40.1 | 68.5 | 46.5 | 48.7 | 18.8 | 22.9 | -132 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 116.6 | 90.7 | 189.2 | 130.8 | 20.1 | 22.5 | 0.1 | -154.5 | 0.5 | 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 |
| Federal government; other equity; asset (IMA) | FA313081115 | -91.5 | -3.5 | 1.2 | -7 | 1.3 | -9.5 | 1.1 | -1.7 | 8.7 | 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 | 56.6 | 22.2 | 37.6 | 28.5 | 4.6 | 18.2 | -11.9 | 3.9 | 39.6 | 44 |
| General government; taxes receivable; asset | FA363078005 | -101.9 | -64.1 | 23.4 | -236.2 | -103.4 | 59.9 | 57.5 | -147.9 | -1.7 | 45 |
| General government; total miscellaneous assets | FA363090005 | 65.1 | 0.9 | -1.5 | 9 | 22 | -26 | -26.3 | -57.4 | -64.6 | 46 |
| General government; total liabilities | FA364190005 | 1825.8 | 1649.5 | 2575 | 1617.6 | 1385.7 | 1019.8 | 1594.4 | 3632.2 | 3451.5 | 47 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 112.8 | 0 | 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 | -0.1 | -0.4 | 0 | 0 | -1.7 | 0 | 0 | 0 | 0 | 50 |
| General government; debt securities; liability | FA364122005 | 1752.5 | 1494.5 | 2508.2 | 1495.8 | 1084.5 | 889.5 | 142.1 | 4620.7 | 2956.9 | 51 |
| Federal government; Treasury securities; liability | FA313161105 | 1683.8 | 1546.9 | 2587.8 | 1441.8 | 1102.6 | 1055.2 | 104.2 | 4538.7 | 2962 | 52 |
| Federal government; budget agency securities; liability | FA313161705 | -0.4 | 0 | -1.6 | 1.3 | -1.5 | 1.8 | -0.2 | -7 | 6.3 | 53 |
| State and local governments; municipal securities; liability | FA213162005 | 69.1 | -52.4 | -78.1 | 52.7 | -16.6 | -167.5 | 38 | 89 | -11.4 | 54 |
| General government; loans; liability | FA364123005 | 0.5 | 0.7 | 0.5 | 0.4 | 0.6 | 1.5 | 1092.4 | -1090.5 | 0 | 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 | 0.5 | 0.7 | 0.5 | 0.4 | 0.6 | 1.5 | 1092.4 | -1090.5 | 0 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.3 | 0.4 | 0.9 | -0.3 | 1 | -0.1 | 2 | -0.2 | 2.9 | 58 |
| General government; trade payables; liability | FA363170005 | 115.3 | 112 | 133.2 | 151.5 | 84.4 | 79 | 53.5 | 83.8 | 135.5 | 59 |
| General government; total miscellaneous liabilities | FA363190005 | -155.5 | 42.3 | -67.7 | -29.8 | 217 | 49.9 | 304.4 | 18.4 | 356.2 | 60 |
| General government; sector discrepancy | FA367005005 | -230.9 | 109.2 | 170.5 | -594.2 | 702.9 | 157.7 | 238.7 | 676.2 | 19 | 61 |
| General government (consolidated); total financial assets (4) | FA374090005 | -1042.2 | 214.5 | 1537.3 | 640.4 | -667.6 | -652 | -782.8 | 721.3 | 734.1 | 62 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1437.6 | 1342.3 | 2324.3 | 929.7 | 1188.1 | 927.1 | 1395.9 | 3488.4 | 3317.5 | 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: December 7, 2023