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 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 7966.6 | 8638.7 | 8323.3 | 8635.6 | 8605.4 | 8321.4 | 8264.9 | 8323.9 | 8383.1 | 1 |
| General government; personal current taxes | FA366210005 | 2743.3 | 3138.3 | 2753.8 | 3137 | 3095.7 | 2763.7 | 2703.8 | 2765.3 | 2782.3 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1671.9 | 1810.2 | 1829.9 | 1824 | 1820.6 | 1831.1 | 1821.6 | 1830.7 | 1836 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 390.8 | 527.5 | 556.1 | 529.8 | 534.1 | 561.1 | 554.1 | 566.7 | 542.4 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 31.1 | 33.8 | 34.8 | 33.4 | 33.3 | 34.5 | 34.9 | 34.4 | 35.6 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1563.3 | 1707.4 | 1811.3 | 1731.9 | 1738.6 | 1779.9 | 1800.1 | 1823.3 | 1841.7 | 6 |
| General government; property income (received) | FA366150105 | 233.7 | 212.4 | 149 | 180.9 | 156 | 142.8 | 142.4 | 147.3 | 163.4 | 7 |
| General government; other current transfers received | FA366403105 | 1337.4 | 1204.6 | 1198.2 | 1194 | 1229.5 | 1215.4 | 1218.1 | 1167.3 | 1192.1 | 8 |
| General government; operating surplus, net | FA366402105 | -5 | 4.4 | -9.7 | 4.5 | -2.3 | -7.1 | -10 | -11.2 | -10.4 | 9 |
| General government; current expenditures | FA366900015 | 10463.1 | 9640.6 | 10149.8 | 9687.9 | 9897 | 10058.5 | 10115.3 | 10201.3 | 10223.9 | 10 |
| General government; consumption expenditures | FA366901005 | 3366.3 | 3570.1 | 3752.2 | 3595.5 | 3654.4 | 3702.1 | 3695.5 | 3790.2 | 3821 | 11 |
| General government; social contributions paid | FA366404005 | 4586.7 | 3931.7 | 4024.8 | 3912.1 | 4003.9 | 4032.7 | 4049 | 4020 | 3997.2 | 12 |
| General government; other current transfers paid | FA366403005 | 1172 | 1037.7 | 1032.6 | 1063.9 | 1043.9 | 1070.3 | 1068.8 | 1008.1 | 983.1 | 13 |
| General government; interest paid | FA366130005 | 855.5 | 973.7 | 1239.1 | 998 | 1085.5 | 1152 | 1202.1 | 1279.9 | 1322.4 | 14 |
| General government; subsidies paid | FA366402005 | 482.7 | 127.4 | 101.1 | 118.4 | 109.2 | 101.4 | 99.9 | 103.1 | 100.2 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -2496.6 | -1001.9 | -1826.4 | -1052.3 | -1291.6 | -1737.1 | -1850.4 | -1877.3 | -1840.8 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 659 | 722.3 | 763.7 | 731.8 | 742.1 | 754.1 | 759.7 | 766.9 | 774.1 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -1.2 | -2.7 | -0.9 | -3 | -1.5 | -0.9 | -0.8 | -2 | 0 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | 38.3 | -45.9 | 118.1 | 24.4 | -63.6 | -3.8 | 6.6 | 432.5 | 37.2 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -1874.6 | -230.9 | -1179.9 | -342 | -484.5 | -978.3 | -1096.6 | -1540.9 | -1103.9 | 20 |
| General government; gross investment | FA365090005 | -1640.5 | -332.3 | -1518.8 | -1037 | -634.7 | -1210.1 | -1761.2 | -1642.4 | -1461.5 | 21 |
| General government; gross fixed investment | FA365019005 | 826.8 | 876.8 | 991.6 | 882.3 | 918 | 941.8 | 974.4 | 1004.7 | 1045.5 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 9.2 | -89.1 | 19 | -71.4 | 18.9 | 19.7 | 19.9 | 16.3 | 20.1 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -2476.6 | -1120 | -2529.4 | -1847.9 | -1571.5 | -2171.7 | -2755.4 | -2663.4 | -2527.2 | 24 |
| General government; total financial assets | FA364090005 | -654.1 | 521.9 | 325.5 | -470 | -558.9 | -583.8 | 870.8 | 779.4 | 235.6 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 114.1 | 5.8 | 0.4 | 3.3 | 11.6 | 3.1 | 0.9 | 1.3 | -3.6 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | -1207.8 | 57.3 | 335.8 | -738.6 | -858.5 | -897.2 | 963 | 859.8 | 417.7 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | -29.6 | -13.4 | 3.9 | -12.4 | 26.2 | 5.2 | 45.1 | -28.6 | -6.2 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 15.3 | 9.8 | 15.5 | 10.4 | 19.1 | 24.8 | 11.8 | 13.3 | 12 | 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 | 338.4 | 346.1 | 99 | 236.3 | 170.7 | 212.5 | 137.9 | 48.5 | -2.9 | 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, excluding SLGS; asset | FA213061103 | 390 | 309.9 | 94.3 | 185.4 | 154.6 | 183.2 | 113 | 64.2 | 16.8 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -39.8 | 36.3 | 3 | 47.3 | 7.2 | 13.7 | 6.3 | -2.9 | -4.9 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 3.8 | 6.4 | -0.4 | 6.7 | 7.4 | 8.1 | 8.8 | -8.5 | -9.8 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -19.5 | -10.5 | -2 | -7.2 | -2.6 | 3.5 | 5.8 | -8.2 | -9 | 36 |
| General government; loans; asset | FA364023005 | 179.5 | 152.9 | -88.1 | 98.8 | 21.7 | 31.6 | -112.7 | -162 | -109.3 | 37 |
| General government; total mortgages; asset | FA363065005 | 13.7 | 21 | 16.1 | 27.2 | 21.4 | 14.6 | 12.1 | 19.8 | 17.8 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 55.4 | 51 | -27.2 | 46.5 | 48.7 | 18.8 | 22.9 | -149.4 | -1.2 | 39 |
| General government; other loans and advances; asset | FA363069005 | 110.5 | 80.9 | -76.9 | 25.1 | -48.3 | -1.8 | -147.7 | -32.3 | -125.9 | 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 | -4.9 | 1.3 | -9.5 | 1.1 | -1.7 | 2.9 | -22.1 | 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 | 16.9 | 4.6 | 18.2 | -11.9 | 3.9 | 39.6 | 35.7 | 44 |
| General government; taxes receivable; asset | FA363078005 | -101.9 | -64.1 | -38.3 | -103.4 | 59.9 | 57.5 | -147.9 | 12.4 | -75.2 | 45 |
| General government; total miscellaneous assets | FA363090005 | 65.1 | 0.9 | -22.5 | 22 | -26 | -18.3 | -37.4 | -15.8 | -18.4 | 46 |
| General government; total liabilities | FA364190005 | 1822.5 | 1641.8 | 2854.9 | 1377.9 | 1012.7 | 1587.9 | 3626.2 | 3442.8 | 2762.7 | 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 | -1.7 | 0 | 0 | 0 | 0 | 0 | 50 |
| General government; debt securities; liability | FA364122005 | 1680 | 1235.1 | 2402.2 | 974.2 | 605.1 | 1204.4 | 3238.9 | 2913.2 | 2252.2 | 51 |
| Federal government; Treasury securities; liability | FA313161105 | 1611.4 | 1287.4 | 2381.6 | 992.7 | 771.1 | 1166.2 | 3156 | 2917.6 | 2286.6 | 52 |
| Federal government; budget agency securities; liability | FA313161705 | -0.4 | 0 | 0.4 | -1.5 | 1.8 | -0.2 | -7 | 6.3 | 2.4 | 53 |
| State and local governments; municipal securities; liability | FA213162005 | 69.1 | -52.4 | 20.2 | -17 | -167.7 | 38.4 | 89.9 | -10.7 | -36.8 | 54 |
| General government; loans; liability | FA364123005 | 72.9 | 260.2 | 239.5 | 110.5 | 285.6 | 30.4 | 292.2 | 44.9 | 590.3 | 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 | 72.9 | 260.2 | 239.5 | 110.5 | 285.6 | 30.4 | 292.2 | 44.9 | 590.3 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.3 | 0.4 | 1.3 | 1 | -0.1 | 2 | -0.2 | 2.9 | 0.5 | 58 |
| General government; trade payables; liability | FA363170005 | 115.3 | 112 | 102.5 | 84.4 | 79 | 53.5 | 83.8 | 132.5 | 140.3 | 59 |
| General government; total miscellaneous liabilities | FA363190005 | -158.7 | 34.6 | 109.4 | 209.5 | 43 | 297.5 | 11.6 | 349.3 | -220.6 | 60 |
| General government; sector discrepancy | FA367005005 | -234.1 | 101.4 | 338.9 | 695 | 150.2 | 231.8 | 664.6 | 101.5 | 357.6 | 61 |
| General government (consolidated); total financial assets (4) | FA374090005 | -1042.2 | 214.6 | 238.9 | -667.6 | -651.6 | -774.4 | 747 | 710.8 | 272.2 | 62 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1434.3 | 1334.6 | 2768.3 | 1180.3 | 919.9 | 1397.3 | 3502.4 | 3374.3 | 2799.4 | 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: March 7, 2024