Financial Accounts of the United States - Z.1
F.5 Net Capital Transfers (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; capital transfers paid | FA895410005 | 132.3 | 210.5 | 336.8 | 282.7 | 154.3 | 173.2 | 599.7 | 203.7 | 219.6 | 1 |
| Domestic business; capital transfers paid | FA825410005 | 14.5 | 23.7 | 68.7 | 0 | 0 | 0 | 0 | 0 | 24 | 2 |
| Domestic financial sectors; capital transfers paid | FA795410005 | 0 | 23.7 | 29.2 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Property-casualty insurance companies; capital transfers paid, disaster-related insurance benefits | FA515410073 | 0 | 23.7 | 25.5 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Domestic financial sectors; capital transfers paid, other than for disasters | FA795410003 | 0 | 0 | 3.7 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Nonfinancial corporate business; capital transfers paid (includes disaster-related payments by BP to state and local governments) | FA105410003 | 14.5 | 0 | 39.5 | 0 | 0 | 0 | 0 | 0 | 24 | 6 |
| Nonfinancial noncorporate business; capital transfers paid | FA115410003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| General government; capital transfers paid | FA365410005 | 92.5 | 148.6 | 219.2 | 243.8 | 115.5 | 133.3 | 561.3 | 165.1 | 158.5 | 8 |
| Federal government; capital transfers paid | FA315410005 | 92.5 | 148.6 | 216.7 | 243.8 | 115.5 | 133.3 | 561.3 | 165.1 | 158.5 | 9 |
| State and local governments; capital transfers received, investment grants from federal government | FA215400033 | 76.6 | 72.7 | 182.4 | 86.6 | 80.5 | 86.8 | 90.5 | 88.6 | 90.1 | 10 |
| Federal government; capital transfers paid, disaster-related insurance benefits | FA315410073 | 0 | 4 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| Federal government; capital transfers paid to financial corporations under the financial stabilization program (2) | FA315410093 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Federal government; other capital transfers paid to business | FA315410043 | 0.9 | 0.5 | 1.7 | 0.6 | 0.5 | 0.6 | 0.5 | 0.8 | 1 | 13 |
| Federal government; other capital transfers paid to households | FA315410053 | 8.8 | 64.1 | 9.4 | 143.1 | 10.6 | 34.6 | 461.5 | 65.6 | 58 | 14 |
| Federal government; capital transfers paid to the rest of the world | FA315410063 | 6.3 | 7.3 | 13.2 | 13.5 | 23.9 | 11.3 | 8.9 | 10 | 9.4 | 15 |
| State and local governments; capital transfers paid, disaster-related insurance benefits | FA215410073 | 0 | 0 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 | 16 |
| State and local governments; capital transfers paid, disaster-related insurance benefits | FA215410073 | 0 | 0 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 | 17 |
| Households and nonprofit organizations; capital transfers paid; estate and gift taxes | FA155410035 | 25.3 | 34.4 | 40.6 | 38.9 | 38.7 | 39.9 | 38.3 | 38.6 | 37 | 18 |
| Federal government; capital transfers received, estate and gift taxes paid by persons | FA315400053 | 19.1 | 27.3 | 32.8 | 30 | 30.2 | 31 | 29.1 | 29.5 | 28 | 19 |
| State and local governments; capital transfers received, estate and gift taxes paid by persons | FA215400053 | 6.2 | 7.1 | 7.8 | 8.9 | 8.5 | 8.9 | 9.2 | 9.1 | 9 | 20 |
| Rest of the world; capital transfers paid | FA265410005 | 0 | 3.8 | 8.3 | 0 | 0 | 0 | 0 | 0 | 0 | 21 |
| Rest of the world; capital transfers paid, disaster-related insurance benefits | FA265410073 | 0 | 3.8 | 8.3 | 0 | 0 | 0 | 0 | 0 | 0 | 22 |
| Rest of the world; capital transfers paid, other than for disasters | FA265410003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23 |
| All sectors; capital transfers received | FA895400005 | 132.3 | 210.5 | 336.8 | 282.7 | 154.3 | 173.2 | 599.7 | 203.7 | 219.6 | 24 |
| Domestic business; capital transfers received | FA825400005 | 0.9 | 16 | 20.3 | 0.6 | 0.5 | 0.6 | 0.5 | 0.8 | 1 | 25 |
| Domestic financial sectors; capital transfers received | FA795400005 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 26 |
| Property-casualty insurance companies; capital transfers received, disaster-related insurance benefits | FA515400073 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 27 |
| Domestic financial sectors; capital transfers received, other | FA795400003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 |
| Nonfinancial corporate business; capital transfers received | FA105400005 | 0.9 | 9.8 | 9.3 | 0.6 | 0.5 | 0.6 | 0.5 | 0.8 | 1 | 29 |
| Nonfinancial corporate business; capital transfers received, disaster-related insurance benefits | FA105400073 | 0 | 9.4 | 8.7 | 0 | 0 | 0 | 0 | 0 | 0 | 30 |
| Nonfinancial corporate business; capital transfers received, other | FA105400003 | 0.9 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.8 | 1 | 31 |
| Nonfinancial noncorporate business; capital transfers received | FA115400005 | 0 | 5.2 | 10.1 | 0 | 0 | 0 | 0 | 0 | 0 | 32 |
| Nonfinancial noncorporate business; capital transfers received, disaster-related insurance benefits | FA115400075 | 0 | 5.2 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 33 |
| Nonfinancial noncorporate business; capital transfers received, other | FA115400003 | 0 | 0 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 | 34 |
| General government; capital transfers received | FA365400005 | 102.9 | 110.3 | 265.1 | 125.5 | 119.3 | 126.7 | 128.8 | 127.2 | 127.1 | 35 |
| Federal government; capital transfers received, total | FA315400005 | 19.1 | 27.3 | 32.8 | 30 | 30.2 | 31 | 29.1 | 29.5 | 28 | 36 |
| Federal government; capital transfers received, estate and gift taxes paid by persons | FA315400053 | 19.1 | 27.3 | 32.8 | 30 | 30.2 | 31 | 29.1 | 29.5 | 28 | 37 |
| Federal government; capital transfers received, other | FA315400003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38 |
| State and local governments; capital transfers received | FA215400005 | 83.8 | 82.9 | 232.3 | 95.5 | 89 | 95.7 | 99.7 | 97.7 | 99.1 | 39 |
| State and local governments; capital transfers received, disaster-related insurance benefits | FA215400073 | 0 | 3.2 | 2.7 | 0 | 0 | 0 | 0 | 0 | 0 | 40 |
| State and local governments; capital transfers received, estate and gift taxes paid by persons | FA215400053 | 6.2 | 7.1 | 7.8 | 8.9 | 8.5 | 8.9 | 9.2 | 9.1 | 9 | 41 |
| State and local governments; capital transfers received, investment grants from federal government | FA215400033 | 76.6 | 72.7 | 182.4 | 86.6 | 80.5 | 86.8 | 90.5 | 88.6 | 90.1 | 42 |
| State and local governments; capital transfers received, other (includes disaster-related payments by BP to state and local governments for the 2010 Gulf oil spill) | FA215400003 | 1 | 0 | 39.3 | 0 | 0 | 0 | 0 | 0 | 0 | 43 |
| Households and nonprofit organizations; capital transfers received | FA155400005 | 22.3 | 76.8 | 38 | 143.1 | 10.6 | 34.6 | 461.5 | 65.6 | 82.1 | 44 |
| Households and nonprofit organizations; capital transfers received, disaster-related insurance benefits | FA155400073 | 0 | 12.7 | 24.9 | 0 | 0 | 0 | 0 | 0 | 0 | 45 |
| Households and nonprofit organizations; capital transfers received, other | FA155400003 | 22.3 | 64.1 | 13.1 | 143.1 | 10.6 | 34.6 | 461.5 | 65.6 | 82.1 | 46 |
| Rest of the world; capital transfers received | FA265400005 | 6.3 | 7.3 | 13.4 | 13.5 | 23.9 | 11.3 | 8.9 | 10 | 9.4 | 47 |
| Rest of the world; capital transfers received from U.S. government | FA265400033 | 6.3 | 7.3 | 13.2 | 13.5 | 23.9 | 11.3 | 8.9 | 10 | 9.4 | 48 |
| Rest of the world; capital transfers received, disaster-related insurance benefits | FA265400073 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49 |
| Rest of the world; capital transfers received, other | FA265400003 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 50 |
| Domestic business; net capital transfers paid | FA825440005 | 13.6 | 7.7 | 48.4 | -0.6 | -0.5 | -0.6 | -0.5 | -0.8 | 23 | 51 |
| Domestic financial sectors; net capital transfers paid | FA795440005 | 0 | 22.7 | 28.2 | 0 | 0 | 0 | 0 | 0 | 0 | 52 |
| Property-casualty insurance companies; net capital transfers paid | FA515440005 | 0 | 22.7 | 24.5 | 0 | 0 | 0 | 0 | 0 | 0 | 53 |
| Life insurance companies; capital transfers paid, tax on foreign earnings retained abroad | FA545410003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54 |
| U.S.-chartered depository institutions; net capital transfers paid | FA765440005 | 0 | 0 | 3.7 | 0 | 0 | 0 | 0 | 0 | 0 | 55 |
| Government-sponsored enterprises; capital transfers received from the federal government | FA405400033 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56 |
| Finance companies; capital transfers paid, tax on foreign earnings retained abroad | FA615410003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57 |
| Holding companies; capital transfers paid, tax on foreign earnings retained abroad | FA735410003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58 |
| Holding companies; capital transfers received by GMAC from the federal government under the financial stabilization program | FA735400033 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59 |
| Other financial business; capital transfers received by AIG from the federal government under the financial stabilization program | FA505400033 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60 |
| Nonfinancial corporate business; net capital transfers paid | FA105440005 | 13.6 | -9.8 | 30.3 | -0.6 | -0.5 | -0.6 | -0.5 | -0.8 | 23 | 61 |
| Nonfinancial noncorporate business; net capital transfers paid | FA115440005 | 0 | -5.2 | -10.1 | 0 | 0 | 0 | 0 | 0 | 0 | 62 |
| General government; net capital transfers paid | FA365440005 | -10.3 | 38.3 | -45.9 | 118.3 | -3.8 | 6.6 | 432.5 | 37.9 | 31.4 | 63 |
| Federal government; net capital transfers paid | FA315440005 | 73.4 | 121.2 | 183.8 | 213.8 | 85.3 | 102.3 | 532.2 | 135.6 | 130.5 | 64 |
| State and local governments; net capital transfers paid | FA215440005 | -83.8 | -82.9 | -229.8 | -95.5 | -89 | -95.7 | -99.7 | -97.7 | -99.1 | 65 |
| Households and nonprofit organizations; net capital transfers paid | FA155440005 | 3 | -42.4 | 2.7 | -104.2 | 28.1 | 5.3 | -423.2 | -27 | -45.1 | 66 |
| Rest of the world; net capital transfers paid | FA265440005 | -6.3 | -3.5 | -5.1 | -13.5 | -23.9 | -11.3 | -8.9 | -10 | -9.4 | 67 |
NOTES
- This table is based on NIPA table 5.11 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).
- Series treated as capital losses in the financial corporations sectors rather than as capital transfers in the Financial Accounts of the United States.
Last Update: June 7, 2024