F.106 Federal Government
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
Federal government; current receipts, NIPA basis FA316010105 3775.2 4388.6 4976.3 4720.1 4651.1 4680.6 4736.3 4812.3 5023.4 1
Federal government; personal current taxes FA316210001 1753.5 2149.3 2505.4 2186.1 2181 2175.1 2188.7 2199.8 2365.3 2
Federal government; taxes on production and imports, receivable (IMA) FA316240001 155.3 178.6 194.2 173.4 177 175.4 171.6 169.6 171.4 3
Federal government; taxes on corporate income (accrual basis) FA316231001 221.8 279.9 368.9 409.9 388.6 403.3 418 429.4 457 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
Federal government; contributions for government social insurance received FA316601001 1434.6 1541.1 1685 1786.9 1758.5 1778.7 1801.4 1808.9 1845.7 6
Federal government; property income (received) FA316150105 118.6 139.9 114.8 48.9 43 41.9 47.3 63.5 64.2 7
Federal government; other current transfers received FA316403105 58.5 60.4 66.7 72.3 60.6 63.3 67.1 98.2 75.8 8
Federal government; operating surplus, net FA316402101 5.3 8.4 7.6 7.8 7.8 8 7.8 7.6 8.1 9
Federal government; current expenditures FA316900005 6669.6 7128.6 6038.5 6384.3 6324.8 6346.3 6400.4 6465.6 6597.5 10
Federal government; consumption expenditures FA316901001 1158.6 1216.4 1229 1329.1 1303 1307.2 1346.3 1360.1 1376 11
Federal government; social contributions paid FA316404001 3401.1 3686 2919.4 2966.8 2977 2961.5 2962.4 2966.3 3074.7 12
Federal government; other current transfers paid (IMA) FA316403001 932.3 1172 1037.7 1040.3 1070.3 1068.8 1008.1 1014.2 991 13
Federal government; interest paid (IMA) FA316130001 521.4 574.6 725.7 947.6 873.8 909.6 981.3 1025.8 1059.2 14
Federal government; subsidies paid FA316402001 656.2 479.6 126.8 100.4 100.7 99.2 102.4 99.3 96.5 15
Federal government; net saving including net capital transfers paid, insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (NIPA) FA316006005 -2894.4 -2739.9 -1062.2 -1664.2 -1673.7 -1665.7 -1664.1 -1653.3 -1574 16
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 309.4 326 350.8 370.5 364.3 368 372.5 377.1 381.6 17
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (1) FA313154015 -3.6 -1.2 -2.6 -1.3 -0.7 -1.4 -2.6 -0.6 -2.2 18
Federal government; net capital transfers paid excluding payments under the financial stabilization program (2) FA315440095 73.4 121.2 183.8 213.8 85.3 102.3 532.2 135.6 130.5 19
Federal government; gross saving less net capital transfers paid (other than for financial stabilization program) FA316000105 -2654.8 -2533.9 -892.6 -1506.2 -1393.9 -1398.6 -1821.2 -1411.2 -1320.7 20
Federal government; gross investment FA315090005 -2934.3 -2319.7 -914.1 -1869 -1613.5 -2103.8 -2012.9 -1745.7 -921.3 21
Federal government; gross fixed investment (NIPA basis) FA315019001 364.8 378 406.5 442.6 427.7 437.2 445.7 459.9 461.2 22
Federal government; acquisition of nonproduced nonfinancial assets (net) FA315420003 -2.8 -9 -108.1 -0.7 0.2 0.3 -3.5 0.1 0 23
Federal government; net lending (+) or borrowing (-) (financial account) FA315000005 -3296.3 -2688.7 -1212.5 -2310.9 -2041.4 -2541.2 -2455.1 -2205.7 -1382.5 24
Federal government; total financial assets FA314090005 1722.8 -1242.7 123.2 199.4 -792.3 693.5 686.7 209.9 389.7 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
Federal government; checkable deposits and currency; asset FA313020005 1326.3 -1323.6 42.6 321.2 -897.7 974.5 853.1 354.9 203.7 27
Federal government; total time and savings deposits; asset FA313030003 -1.3 1.1 -1 0.1 1 -0.6 0.1 0.1 0.6 28
Federal government; debt securities; asset FA314022005 0 0 0 0 0 0 0 0 0 29
Federal government; agency- and GSE-backed securities; asset FA313061703 0 0 0 0 0 0 0 0 0 30
Federal government; corporate bonds issued by commercial banking under TARP; asset FA313063763 0 0 0 0 0 0 0 0 0 31
Federal government; loans; asset FA314023005 254.1 177.9 155 -85.3 25.7 -121.8 -178.2 -66.9 73.6 32
Federal government; other loans and advances; asset FA313069005 189 116.6 90.7 -68.3 0.1 -149 -40.5 -83.7 -14.2 33
Federal government; total mortgages; asset FA313065005 3.4 6 13.4 8.1 6.8 4.3 11.7 9.5 8.9 34
Federal government; consumer credit, student loans; asset (3) FA313066220 61.7 55.4 51 -25.1 18.8 22.9 -149.4 7.2 78.9 35
Federal government; corporate equities; asset (4) FA313064105 0 -0 0 0 0 0 0 0 0 36
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 37
Federal government; trade receivables; asset FA313070000 11.3 10.6 -0.1 7.9 19.3 -2.7 5.5 9.6 17.7 38
Federal government; total taxes receivable; asset FA313078000 7.6 -131.3 -75.5 -38.2 55.2 -155.1 1.9 -55 102.2 39
Federal government; nonofficial foreign currencies; asset FA313091105 0 -0 0 0 -0 0 0 0 -0 40
Federal government; total liabilities FA314190005 5019 1445.9 1335.8 2510.3 1249.1 3234.7 3141.8 2415.6 1772.2 41
Federal government; special drawing rights (SDRs) allocations; liability FA313111303 0 112.8 0 0 0 0 0 0 0 42
Monetary authority; SDR certificates issued by federal government; asset FA713014003 0 0 0 0 0 0 0 0 0 43
Federal government; Treasury currency; liability FA313112003 -0 -0.1 -0.4 0 0 0 0 0 0 44
Federal government; debt securities; liability FA314122005 4316.2 1611 1287.5 2382 1166 3148.9 2923.9 2289.1 1688.4 45
Federal government; Treasury securities; liability (5) FA313161105 4317.3 1611.4 1287.4 2381.6 1166.2 3156 2917.6 2286.6 1689.4 46
Federal government; budget agency securities; liability FA313161705 -1 -0.4 0 0.4 -0.2 -7 6.3 2.4 -0.9 47
Federal government; loans; liability FA314123005 264.9 72.5 259.4 238.5 29.4 291.4 44.4 588.7 139.5 48
Federal government; multifamily residential mortgages; liability FA313165403 0 0 0 0 0 0 0 0 0 49
Federal government; other loans and advances; liability FA313169005 264.9 72.5 259.4 238.5 29.4 291.4 44.4 588.7 139.5 50
Federal government; total nonmarketable Treasury securities; liability (6) FA313169205 264.9 72.5 259.4 238.5 -1061.9 1382.7 44.4 588.7 139.5 51
Federal government; life insurance reserves; liability FA313140003 0.2 0.3 0.4 1.3 2 -0.2 2.9 0.5 3.7 52
Federal government; trade payables; liability FA313170005 35 57.8 -11.4 13.4 -11.5 17.2 55.6 -7.8 -14.7 53
Federal government; total miscellaneous liabilities FA313190005 402.7 -408.3 -199.7 -124.9 63.2 -222.7 115 -454.9 -44.7 54
Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset FA343073045 -34.5 -94.8 -163.3 -177.5 68.9 -258.5 32.2 -552.7 -92 55
Federal government; Paycheck Protection Program payables; liability FA313172003 432.7 -332.6 -97.1 -3 -6.7 -3.2 -2 0 0 56
Federal government; miscellaneous liabilities, excluding claims of pension funds FA313190015 4.4 19.2 60.8 55.7 1.1 39 84.7 97.8 47.4 57
Federal government; sector discrepancy FA317005005 279.5 -214.2 21.5 362.8 219.6 705.2 191.7 334.5 -399.4 58
Federal government; change in cash balance; asset (7) FA314000105 1324.3 -1321.5 39.7 326.1 -1062.6 1170.5 687.4 509.1 -18 59

NOTES

  1. Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.
  2. Table F.5, line 64 less line 12.
  3. Includes loans originated by the Department of Education under the Federal Direct Loan Program, as well as Federal Family Education Loan Program loans that the government purchased from depository institutions and finance companies.
  4. Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at issuance price.
  5. Marketable Treasury securities (net of premiums and discounts) issued by the federal government.
  6. Nonmarketable Treasury securities are classified as other loans and advances because they are not negotiable and are therefore not considered debt securities.
  7. Time and savings deposits (line 28) plus checkable deposits and currency at the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
Last Update: June 7, 2024