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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 6853.2 | 7966.6 | 8638.7 | 8347.2 | 8321.4 | 8264.9 | 8323.9 | 8478.5 | 8703.5 | 1 |
| General government; personal current taxes | FA366210005 | 2256.5 | 2743.3 | 3138.3 | 2756.3 | 2763.7 | 2703.8 | 2765.3 | 2792.5 | 2930.2 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1520.5 | 1671.9 | 1810.2 | 1832.6 | 1831.1 | 1821.6 | 1830.7 | 1847.2 | 1855.2 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 294.6 | 390.8 | 527.5 | 569.3 | 561.1 | 554.1 | 566.7 | 595.1 | 621.9 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 27.7 | 31.1 | 33.8 | 34.8 | 34.5 | 34.9 | 34.4 | 35.2 | 35.9 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1454.6 | 1563.3 | 1707.4 | 1808.8 | 1779.9 | 1800.1 | 1823.3 | 1831.7 | 1870 | 6 |
| General government; property income (received) | FA366150105 | 213.4 | 233.7 | 212.4 | 149.2 | 142.8 | 142.4 | 147.3 | 164.1 | 164.3 | 7 |
| General government; other current transfers received | FA366403105 | 1087.8 | 1337.4 | 1204.6 | 1205.9 | 1215.4 | 1218.1 | 1167.3 | 1222.9 | 1235.9 | 8 |
| General government; operating surplus, net | FA366402105 | -1.8 | -5 | 4.4 | -9.7 | -7.1 | -10 | -11.2 | -10.3 | -9.9 | 9 |
| General government; current expenditures | FA366900015 | 9799.5 | 10463.1 | 9640.6 | 10161.5 | 10058.5 | 10115.3 | 10201.3 | 10270.8 | 10486.2 | 10 |
| General government; consumption expenditures | FA366901005 | 3178.3 | 3366.3 | 3570.1 | 3752.6 | 3702.1 | 3695.5 | 3790.2 | 3822.7 | 3877.1 | 11 |
| General government; social contributions paid | FA366404005 | 4216.8 | 4586.7 | 3931.7 | 4028.3 | 4032.7 | 4049 | 4020 | 4011.5 | 4175 | 12 |
| General government; other current transfers paid | FA366403005 | 932.3 | 1172 | 1037.7 | 1040.3 | 1070.3 | 1068.8 | 1008.1 | 1014.2 | 991 | 13 |
| General government; interest paid | FA366130005 | 815.3 | 855.5 | 973.7 | 1239.2 | 1152 | 1202.1 | 1279.9 | 1322.5 | 1345.9 | 14 |
| General government; subsidies paid | FA366402005 | 656.9 | 482.7 | 127.4 | 101.1 | 101.4 | 99.9 | 103.1 | 100 | 97.2 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -2946.3 | -2496.6 | -1001.9 | -1814.3 | -1737.1 | -1850.4 | -1877.3 | -1792.4 | -1782.7 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 617.8 | 659 | 722.3 | 763.7 | 754.1 | 759.7 | 766.9 | 774.2 | 782.5 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -3.6 | -1.2 | -2.6 | -1.3 | -0.7 | -1.4 | -2.6 | -0.6 | -2.2 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -10.3 | 38.3 | -45.9 | 118.3 | -3.8 | 6.6 | 432.5 | 37.9 | 31.4 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -2314.5 | -1874.6 | -231 | -1167.6 | -978.5 | -1096 | -1540.3 | -1055.4 | -1029.4 | 20 |
| General government; gross investment | FA365090005 | -2526.2 | -1638.6 | -264.8 | -1504.2 | -1220.4 | -1769.5 | -1640.5 | -1386.5 | -593.9 | 21 |
| General government; gross fixed investment | FA365019005 | 816.5 | 826.8 | 876.8 | 992.5 | 941.8 | 974.4 | 1004.7 | 1049.2 | 1060.3 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 14.6 | 9.2 | -89.1 | 19 | 19.7 | 19.9 | 16.3 | 20.1 | 20.2 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -3357.2 | -2474.6 | -1052.5 | -2515.8 | -2181.9 | -2763.8 | -2661.5 | -2455.8 | -1674.4 | 24 |
| General government; total financial assets | FA364090005 | 2070.7 | -654.1 | 530.5 | 317.8 | -592.8 | 862.8 | 773.2 | 228.2 | 501.5 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | 8.9 | 114.1 | 5.8 | -0.1 | 3.1 | 0.9 | 1.3 | -5.7 | -5.2 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 1417.1 | -1207.8 | 57.3 | 336.3 | -897.2 | 964.2 | 860.1 | 418.2 | 219.2 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | -10.9 | -29.6 | -13.4 | 3.9 | 5.2 | 45.1 | -28.6 | -6 | 39.5 | 28 |
| State and local governments; money market fund shares; asset | FA213034003 | 13.7 | 15.3 | 9.8 | 6.8 | 17.2 | 3.4 | 4.2 | 2.3 | 3.3 | 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 | 181.7 | 338.4 | 346.1 | 99 | 212.5 | 137.9 | 48.5 | -2.9 | 26.5 | 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, excluding SLGS; asset | FA213061103 | 253.3 | 390 | 309.9 | 94.3 | 183.2 | 113 | 64.2 | 16.8 | 19.8 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -71.4 | -39.8 | 36.3 | 3 | 13.7 | 6.3 | -2.9 | -4.9 | -2.4 | 34 |
| State and local governments; municipal securities; asset | FA213062003 | 1.5 | 3.8 | 6.4 | -0.4 | 8.1 | 8.8 | -8.5 | -9.8 | 7.6 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -1.2 | -19.5 | -10.5 | -2 | 3.5 | 5.8 | -8.2 | -9 | -2.5 | 36 |
| General government; loans; asset | FA364023005 | 297.1 | 179.5 | 152.9 | -85.7 | 31.6 | -112.7 | -157.7 | -103.9 | 87.2 | 37 |
| General government; total mortgages; asset | FA363065005 | 8.4 | 13.7 | 21 | 16.1 | 14.6 | 12.2 | 19.8 | 17.8 | 17.4 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 61.7 | 55.4 | 51 | -25.1 | 18.8 | 22.9 | -149.4 | 7.2 | 78.9 | 39 |
| General government; other loans and advances; asset | FA363069005 | 227 | 110.5 | 80.9 | -76.6 | -1.8 | -147.7 | -28.1 | -128.9 | -9.1 | 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 | -6.2 | 1.1 | -1.7 | 2.9 | -26.9 | -2.8 | 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 | 56.6 | 31 | 5.7 | -13.2 | 3.1 | 40.2 | -7.4 | 3 | 44 |
| General government; taxes receivable; asset | FA363078005 | 17 | -101.9 | -64.1 | -32.3 | 57.5 | -147.9 | 10.3 | -49 | 103.9 | 45 |
| General government; total miscellaneous assets | FA363090005 | 18.1 | 65.1 | 0.9 | -17.5 | -18.3 | -37.4 | -15.8 | 1.6 | 19 | 46 |
| General government; total liabilities | FA364190005 | 5427.9 | 1820.6 | 1583.1 | 2833.6 | 1589.2 | 3626.6 | 3434.7 | 2684 | 2175.9 | 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 | 0 | 0 | 0 | 0 | 50 |
| General government; debt securities; liability | FA364122005 | 4409.1 | 1679.4 | 1236 | 2402.6 | 1204.7 | 3239.6 | 2913.9 | 2252.3 | 1786.2 | 51 |
| Federal government; Treasury securities; liability | FA313161105 | 4317.3 | 1611.4 | 1287.4 | 2381.6 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1689.4 | 52 |
| Federal government; budget agency securities; liability | FA313161705 | -1 | -0.4 | 0 | 0.4 | -0.2 | -7 | 6.3 | 2.4 | -0.9 | 53 |
| State and local governments; municipal securities; liability | FA213162005 | 92.9 | 68.5 | -51.4 | 20.7 | 38.7 | 90.7 | -10 | -36.8 | 97.8 | 54 |
| General government; loans; liability | FA364123005 | 265.9 | 72.9 | 260.2 | 239.5 | 30.4 | 292.2 | 44.9 | 590.3 | 140.7 | 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 | 265.9 | 72.9 | 260.2 | 239.5 | 30.4 | 292.2 | 44.9 | 590.3 | 140.7 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.2 | 0.3 | 0.4 | 1.3 | 2 | -0.2 | 2.9 | 0.5 | 3.7 | 58 |
| General government; trade payables; liability | FA363170005 | 88.4 | 115.3 | 53.5 | 81.9 | 55.6 | 84.5 | 124.9 | 62.7 | 56.8 | 59 |
| General government; total miscellaneous liabilities | FA363190005 | 664.3 | -160.1 | 33.5 | 108.3 | 296.3 | 10.4 | 348.1 | -221.8 | 188.4 | 60 |
| General government; sector discrepancy | FA367005005 | 211.7 | -236 | 33.9 | 336.6 | 241.8 | 673.6 | 100.2 | 331 | -435.5 | 61 |
| General government (consolidated); total financial assets (4) | FA374090005 | 1776.9 | -1042.2 | 223.3 | 231.3 | -783.3 | 739 | 704.7 | 264.9 | 467.7 | 62 |
| General government (consolidated); total liabilities (4) | FA374190005 | 5134.1 | 1432.4 | 1275.9 | 2747.1 | 1398.7 | 3502.8 | 3366.2 | 2720.6 | 2142.2 | 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: June 7, 2024