S.7.a Federal Government (1)
Billions of dollars
Description Series code 2016 2017 2018 2019 2020 2021 2022 2023 Line
Federal government; gross value added (IMA) FA316902505 754.1 772.8 803.1 825.5 865.8 907.2 951.4 1005.4 1
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 273.7 280.2 290.2 299.2 309.4 326 350.8 370.5 2
Federal government; net value added (IMA) FA316902605 480.4 492.6 513 526.3 556.3 581.2 600.5 634.9 3
Federal government; compensation of employees paid (IMA) FA316025001 479.7 489.5 509.6 525 551.1 572.8 592.9 627.1 4
Federal government; wages and salaries paid (IMA) FA316020001 336.4 344.1 357.3 365.5 381.8 393 404.4 ND 5
Federal government; employers' social contributions paid (IMA) FA316401005 143.4 145.4 152.4 159.5 169.2 179.8 188.5 ND 6
Federal government; operating surplus, net FA316402101 0.7 3.1 3.3 1.3 5.3 8.4 7.6 7.8 7
Federal government; net national income/balance of primary incomes, net (IMA) FA316140005 -236.9 -262.6 -314.9 -363.6 -898.4 -727.3 -535.9 -817.9 8
Federal government; operating surplus, net FA316402101 0.7 3.1 3.3 1.3 5.3 8.4 7.6 7.8 9
Federal government; taxes on production and imports, receivable (IMA) FA316240001 137.3 131.4 163.5 174.9 155.3 178.6 194.2 173.4 10
Federal government; subsidies paid (with negative sign) (IMA) FA316402015 -61.2 -59.3 -62.7 -72.4 -656.2 -479.6 -126.8 -100.4 11
Federal government; property income (received) FA316150195 140.7 138.9 121.7 110 118.6 139.9 114.8 48.9 12
Federal government; interest received (IMA) FA316130101 29.6 29.2 34.8 37.8 26.1 21.6 21.8 31.8 13
Federal government; dividends received (IMA) FA316121185 106.3 103.7 79 63.8 87 109.2 76.1 1.3 14
Federal government; rents on land and natural resources received (IMA) FA316112101 4.8 6.1 7.9 8.3 5.4 9.1 16.8 15.8 15
Federal government; interest paid (IMA) FA316130095 454.3 476.7 540.6 577.4 521.4 574.6 725.7 947.6 16
Federal government; net national income/balance of primary incomes, net (IMA) FA316140005 -236.9 -262.6 -314.9 -363.6 -898.4 -727.3 -535.9 -817.9 17
Federal government; current taxes on income, wealth, etc. received (IMA) FA316220001 1883.9 1868.4 1865 1938.3 2002.9 2460.3 2908.1 2630.8 18
Federal government; contributions for government social insurance received FA316601001 1224.4 1284.3 1346.6 1409.3 1434.6 1541.1 1685 1786.9 19
Federal government; social contributions paid FA316404001 2045.2 2119.6 2217.6 2349.8 3401.1 3686 2919.4 2966.8 20
Federal government; other current transfers received FA316403105 73.8 77.6 83 70.4 58.5 60.4 66.7 72.3 21
Federal government; other current transfers paid (IMA) FA316403001 605 606.4 634.1 659.3 932.3 1172 1037.7 1040.3 22
Federal government; disposable income, net (IMA) FA316012005 295 241.7 128 45.3 -1735.8 -1523.6 166.8 -335.1 23
Federal government; consumption expenditures FA316901001 962.3 978.5 1034.4 1089.7 1158.6 1216.4 1229 1329.1 24
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 (IMA) FA316006085 -667.3 -736.8 -906.4 -1044.4 -2894.4 -2739.9 -1062.2 -1664.2 25
Federal government; net saving less net capital transfers paid and including insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA) FA316006385 -727.8 -572.3 -967 -1123.4 -2967.9 -2861.1 -1246 -1878.1 26
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 (IMA) FA316006085 -667.3 -736.8 -906.4 -1044.4 -2894.4 -2739.9 -1062.2 -1664.2 27
Federal government; net capital transfers paid FA315440005 60.5 -164.5 60.6 79 73.4 121.2 183.8 213.8 28
Federal government; capital formation, net (IMA) FA315050905 -7.6 5.1 20.1 31.4 52.5 42.9 -52.4 71.4 29
Federal government; gross fixed investment (NIPA basis) FA315019001 275 287.6 311.9 332.5 364.8 378 406.5 442.6 30
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 273.7 280.2 290.2 299.2 309.4 326 350.8 370.5 31
Federal government; acquisition of nonproduced nonfinancial assets (net) FA315420003 -8.9 -2.2 -1.6 -1.9 -2.8 -9 -108.1 -0.7 32
Federal government; net lending (+) or borrowing (-) (capital account) FA315000995 -720.3 -577.4 -987.2 -1154.7 -3020.4 -2904 -1193.6 -1949.4 33
Federal government; net lending (+) or borrowing (-) (capital account) FA315000995 -720.3 -577.4 -987.2 -1154.7 -3020.4 -2904 -1193.6 -1949.4 34
Federal government; total financial assets FA314090005 195.9 114.6 324.4 72.2 1722.8 -1242.7 123.2 199.4 35
Federal government; monetary gold and SDRs; asset FA313011105 0.7 0.1 0.2 0.2 0.1 113.7 5 4.6 36
Federal government; monetary gold; asset FA313011205 0 0 0 0 0 0 0 0 37
Federal government; special drawing rights (SDRs) holdings; asset FA313011303 0.7 0.1 0.2 0.2 0.1 113.7 5 4.6 38
Federal government; total currency and deposits; asset FA314000005 67 -171.6 178.5 5.7 1333.8 -1322.1 42.4 316.6 39
Federal government; other reserves; asset FA313011505 0 0 0 0.1 0 -0.1 0 0.2 40
Federal government; reserve position in IMF (net); asset FA313011405 1.5 -1.8 4.8 4.3 8.8 0.5 0.8 -4.9 41
Federal government; checkable deposits and currency; asset FA313020005 65.7 -170.2 173.5 1 1326.3 -1323.6 42.6 321.2 42
Federal government; total time and savings deposits; asset FA313030003 -0.2 0.4 0.1 0.3 -1.3 1.1 -1 0.1 43
Federal government; nonofficial foreign currencies; asset FA313091105 0 0 0 0 0 -0 0 0 44
Federal government; debt securities; asset FA314022005 0 0 0 0 0 0 0 0 45
Federal government; agency- and GSE-backed securities; asset FA313061703 0 0 0 0 0 0 0 0 46
Federal government; corporate bonds issued by commercial banking under TARP; asset FA313063763 0 0 0 0 0 0 0 0 47
Federal government; loans; asset FA314023005 98 95.7 99.2 93.5 254.1 177.9 155 -85.3 48
Federal government; loans, excluding mortgages; asset FA314041005 94.7 95.6 95.7 92.9 250.7 171.9 141.6 -93.4 49
Federal government; consumer credit, student loans; asset FA313066220 99.6 96.3 90.7 83 61.7 55.4 51 -25.1 50
Federal government; other loans and advances; asset FA313069005 -4.9 -0.7 5 9.9 189 116.6 90.7 -68.3 51
Federal government; total mortgages; asset FA313065005 3.3 0.1 3.4 0.7 3.4 6 13.4 8.1 52
Federal government; equity and investment fund shares excluding mutual fund shares and money market fund shares; asset (IMA) FA313081105 1.7 1.4 5.3 1.4 115.8 -91.6 -3.5 -6.2 53
Federal government; corporate equities; asset FA313064105 -0.1 -0.1 4 0 0 -0 0 0 54
Federal government; U.S. equity in IBRD, etc.; asset FA313092803 1.7 1.5 1.3 1.4 1.8 1.2 2.4 1.8 55
Federal government; equity in government-sponsored enterprises (GSEs); asset (2) FA313092403 0 0 0 0 0 0 0 0 56
Federal government; equity investment in funding corporations under PPIP; asset FA313094303 0 0 0 0 0 0 0 0 57
Federal government; Total Exchange Stabilization Fund Economic Recovery Programs investments in Federal Reserve credit facilities; asset FA313094205 0 0 0 0 114 -92.7 -5.9 -8 58
Federal government; other accounts receivable; asset (IMA) FA313096005 28.5 189 41.3 -28.6 18.9 -120.7 -75.6 -30.3 59
Federal government; trade receivables; asset FA313070000 3.8 0.1 10.4 -1.9 11.3 10.6 -0.1 7.9 60
Federal government; total taxes receivable; asset FA313078000 24.7 188.9 30.9 -26.7 7.6 -131.3 -75.5 -38.2 61
Federal government; total liabilities FA314190005 883.2 634.5 1294.4 1185.8 5019 1445.9 1335.8 2510.3 62
Federal government; special drawing rights (SDRs) allocations; liability FA313111303 0 0 0 0 0 112.8 0 0 63
Federal government; total currency and deposits; liability FA314100005 -0.6 -0.3 -0.3 -0.5 -0 -0.1 -0.4 0 64
Federal government; debt securities; liability FA314122005 711.1 554.3 1130.2 1061 4316.2 1611 1287.5 2382 65
Federal government; Treasury securities; liability FA313161105 711.2 554.4 1131.6 1062.7 4317.3 1611.4 1287.4 2381.6 66
Federal government; budget agency securities; liability FA313161705 -0.1 -0.1 -1.5 -1.7 -1 -0.4 0 0.4 67
Federal government; loans; liability FA314123005 131.5 44.3 127.9 113.9 264.9 72.5 259.4 238.5 68
Federal government; insurance, pension and standardized guarantee schemes; liability (IMA) FA313152005 6 15.3 -39.1 -25.7 -26.1 -73.1 -124.5 -146.4 69
Federal government; life insurance reserves; liability FA313140003 0.1 -0.2 0.2 0.9 0.2 0.3 0.4 1.3 70
Federal government; retiree health care funds; liability FA313195105 12.9 9.6 13.9 14.4 8.2 21.4 38.5 29.8 71
Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset FA343073045 -7 6 -53.2 -41 -34.5 -94.8 -163.3 -177.5 72
Federal government; other accounts payable; liability (IMA) FA313196005 35.2 20.7 75.6 37.2 463.9 -277.1 -86.2 36.3 73
Monetary authority; SDR certificates issued by federal government; asset FA713014003 0 0 0 0 0 0 0 0 74
Federal government; trade payables; liability FA313170005 29.4 17.5 74 33.3 35 57.8 -11.4 13.4 75
Federal government; Paycheck Protection Program payables; liability FA313172003 0 0 0 0 432.7 -332.6 -97.1 -3 76
Federal government; unidentified miscellaneous liabilities, including liability due to FICO FA313193005 5.8 3.2 1.6 3.9 -3.8 -2.3 22.3 25.9 77
Federal government; net lending (+) or borrowing (-) (financial account) FA315000005 -687.4 -519.9 -969.9 -1113.6 -3296.3 -2688.7 -1212.5 -2310.9 78
Federal government; total other volume changes (IMA) FV318090185 56.6 134 2.2 -37.8 -246.3 379.6 176.2 -364 79
Federal government; nonfinancial assets (does not include land) FV312010095 0 0 0 0 0 0 0 0 80
Federal government; other volume changes (IMA) FV318090085 23.7 76.4 -15 -79 29.6 164.3 195.1 -2.6 81
Federal government; statistical discrepancy (IMA) (3) FU317005045 -32.9 -57.6 -17.2 -41.2 275.9 -215.4 18.9 361.4 82
Federal government; nonfinancial assets (does not include land) FR312010095 68.2 90.1 102.9 51 92.2 266.8 258.8 126.6 83
Federal government; total residential and nonresidential structures FR315015605 47.1 57 68.5 39.9 55.6 206.6 187.6 50.4 84
Federal government; nonresidential equipment, current cost basis FR315013265 5.8 7.5 12.5 5.8 6.9 37.8 41.4 25.9 85
Federal government; nonresidential intellectual property products, current cost basis FR315013765 15.2 25.6 21.9 5.3 29.7 22.3 29.8 50.2 86
Federal government; financial assets with revaluations (IMA) FR318080005 -2.1 4 -5.7 -0.4 3.5 -4 -9.7 1.6 87
Federal government; monetary gold and SDRs; asset FR313011105 -1.5 2.9 -1.2 -0.3 2.1 -3 -8.1 1.3 88
Federal government; total currency and deposits; asset FR314000005 -0.6 1.1 -0.4 -0.1 1.4 -1 -1.7 0.3 89
Federal government; corporate equities; asset FR313064105 0 0 -4 0 0 0 0 0 90
Federal government; equity investment in funding corporations under PPIP; asset FR313094303 0 0 0 0 0 0 0 0 91
Federal government; special drawing rights (SDRs) allocations; liability FR313111303 -1.5 2.8 -1.2 -0.3 2 -2.9 -7.9 1.2 92
Federal government; changes in net worth due to nominal holding gains/losses (IMA) FR318200005 67.6 91.3 98.4 50.9 93.7 265.7 256.9 126.9 93
Federal government; net worth (IMA) FC312090095 -603.6 -347 -866.4 -1110.3 -3120.5 -2215.8 -812.9 -2115.2 94
Federal government; total assets (does not include land) FL312000095 5561.3 5826.8 6268.7 6369.1 8298.4 7536.4 8032 8402.5 95
Federal government; nonfinancial assets (does not include land) (4) LM312010095 3325.2 3422.7 3547.2 3631.6 3779.2 4098.2 4412.6 4611.3 96
Federal government; total residential and nonresidential structures LM315015605 1556.6 1603.3 1663.1 1697.4 1750.5 1949.2 2128.3 2172.2 97
Federal government; nonresidential equipment, current cost basis LM315013265 752.4 765.9 790.3 816.7 846 901.2 950.6 982.8 98
Federal government; nonresidential intellectual property products, current cost basis LM315013765 1016.3 1053.5 1093.8 1117.5 1182.7 1247.7 1333.8 1456.2 99
Federal government; total financial assets FL314090005 2236.1 2404.1 2721.4 2737.5 4519.2 3438.2 3619.4 3791.3 100
Federal government; monetary gold and SDRs; asset FL313011105 48.9 51.9 50.8 50.8 52.9 163.6 160.5 166.5 101
Federal government; monetary gold; asset FL313011205 0 0 0 0 0 0 0 0 102
Federal government; special drawing rights (SDRs) holdings; asset FL313011303 48.9 51.9 50.8 50.7 52.9 163.6 160.5 166.5 103
Federal government; total currency and deposits; asset FL314000005 446.1 275.6 453.7 459.2 1794.4 471.3 512.1 828.9 104
Federal government; other reserves; asset FL313011505 19.3 21.2 20.8 20.6 22.1 20.2 18.4 18.5 105
Federal government; reserve position in IMF (net); asset FL313011405 18.7 17.9 22.3 26.4 36.6 36.1 35.2 30.6 106
Federal government; checkable deposits and currency; asset FL313020005 404 232 405.9 407.2 1732.1 410.3 454.7 776 107
Federal government; total time and savings deposits; asset FL313030003 1.5 1.9 2 2.3 1 2.1 1.1 1.2 108
Federal government; nonofficial foreign currencies; asset FL313091105 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 109
Federal government; debt securities; asset FL314022005 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 110
Federal government; agency- and GSE-backed securities; asset FL313061703 0 0 0 0 0 0 0 0 111
Federal government; corporate bonds issued by commercial banking under TARP; asset FL313063763 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 112
Federal government; loans; asset FL314023005 1385.5 1481.2 1580.4 1673.9 1928 2105.9 2282.4 2197.1 113
Federal government; loans, excluding mortgages; asset FL314041005 1265.9 1361.5 1457.3 1550.1 1800.9 1972.8 2114.4 2021 114
Federal government; consumer credit, student loans; asset FL313066220 1049.3 1145.6 1236.3 1319.2 1381 1436.4 1487.3 1462.2 115
Federal government; other loans and advances; asset FL313069005 216.6 216 221 230.9 419.9 536.4 627.1 558.8 116
Federal government; total mortgages; asset FL313065005 119.6 119.7 123.1 123.8 127.1 133.1 168 176 117
Federal government; equity and investment fund shares excluding mutual fund shares and money market fund shares; asset (IMA) FL313081105 96.6 98 99.3 100.6 216.5 124.9 121.4 115.3 118
Federal government; corporate equities; asset LM313064105 33.3 33.2 33.2 33.2 33.2 33.2 33.2 33.2 119
Federal government; U.S. equity in IBRD, etc.; asset FL313092803 63.3 64.8 66.1 67.5 69.3 70.5 72.9 74.7 120
Federal government; equity in government-sponsored enterprises (GSEs); asset (2) FL313092403 0 0 0 0 0 0 0 0 121
Federal government; equity investment in funding corporations under PPIP; asset LM313094303 0 0 0 0 0 0 0 0 122
Federal government; Total Exchange Stabilization Fund Economic Recovery Programs investments in Federal Reserve credit facilities; asset FL313094205 0 0 0 0 114 21.3 15.4 7.4 123
Federal government; other accounts receivable; asset (IMA) FL313096005 258.5 496.9 536.8 452.5 526.9 571.9 542.5 483.1 124
Federal government; trade receivables; asset FL313070000 64.9 65 75.4 73.5 84.9 95.5 95.4 103.3 125
Federal government; total taxes receivable; asset FL313078000 193.5 431.9 461.4 379 442 476.5 447.1 379.7 126
Federal government; total assets (does not include land) FL312000095 5561.3 5826.8 6268.7 6369.1 8298.4 7536.4 8032 8402.5 127
Federal government; total liabilities FL314190005 18415.4 19027.9 20336.2 21547 26596.7 28050.5 29359.1 31844.8 128
Federal government; special drawing rights (SDRs) allocations; liability FL313111303 47.5 50.3 49.1 48.8 50.9 160.8 152.9 154.1 129
Federal government; total currency and deposits; liability FL314100005 24.2 24 23.7 23.2 23.1 23 22.6 22.6 130
Federal government; debt securities; liability FL314122005 13904.7 14459 15589.2 16650.1 20966.4 22577.3 23864.8 26246.7 131
Federal government; Treasury securities; liability FL313161105 13880.2 14434.6 15566.2 16628.9 20946.2 22557.5 23845 26226.6 132
Federal government; budget agency securities; liability FL313161705 24.5 24.4 22.9 21.2 20.2 19.8 19.8 20.2 133
Federal government; loans; liability FL314123005 2103.6 2148 2275.9 2389.8 2654.7 2727.2 2986.6 3225.1 134
Federal government; insurance, pension and standardized guarantee schemes; liability (IMA) FL313152005 2038.9 2033.2 2011.1 2014.5 2013.2 1948.6 1827.1 1680.7 135
Federal government; life insurance reserves; liability FL313140003 51.3 51.1 51.3 52.2 52.4 52.6 53 54.3 136
Federal government; retiree health care funds; liability FL313195105 277.6 287.1 301 315.4 323.6 345.1 383.6 413.4 137
Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset FL343073045 1710.1 1695 1658.8 1646.9 1637.2 1550.8 1390.5 1213 138
Federal government; other accounts payable; liability (IMA) FL313196005 296.5 313.5 387.3 420.5 888.5 613.7 505.2 515.6 139
Monetary authority; SDR certificates issued by federal government; asset FL713014003 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 140
Federal government; trade payables; liability FL313170005 290.7 308.2 382.3 415.5 450.6 508.4 497 510.4 141
Federal government; Paycheck Protection Program payables; liability FL313172003 0 0 0 0 432.7 100.1 3 0 142
Federal government; liability due to FICO FL313193013 0.6 0.1 -0.2 -0.2 0 0 0 0 143
Federal government; net worth (IMA) FL312090095 -12854.1 -13201.1 -14067.5 -15177.8 -18298.3 -20514.1 -21327 -23442.2 144

NOTES

  1. The federal government sector excludes federal government employee retirement funds.
  2. Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.
  3. The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
  4. Excludes land and nonproduced nonfinancial assets.
Last Update: June 7, 2024