F.106 Federal Government
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description Series code 2021 2022 2023 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 Line
Federal government; current receipts, NIPA basis FA316010105 4388.6 4976.3 4720.1 4651.1 4680.6 4736.3 4812.3 5019.7 5083.6 1
Federal government; personal current taxes FA316210001 2149.3 2505.4 2186.1 2181 2175.1 2188.7 2199.8 2364.7 2402 2
Federal government; taxes on production and imports, receivable (IMA) FA316240001 178.6 194.2 173.4 177 175.4 171.6 169.6 171.5 166.7 3
Federal government; taxes on corporate income (accrual basis) FA316231001 279.9 368.9 409.9 388.6 403.3 418 429.4 453.8 470.1 4
Federal government; taxes from the rest of the world FA316231061 31.1 33.8 34.8 34.5 34.9 34.4 35.2 36.1 37.1 5
Federal government; contributions for government social insurance received FA316601001 1541.1 1685 1786.9 1758.5 1778.7 1801.4 1808.9 1845.3 1864.7 6
Federal government; property income (received) FA316150105 139.9 114.8 48.9 43 41.9 47.3 63.5 64.5 69.3 7
Federal government; other current transfers received FA316403105 60.4 66.7 72.3 60.6 63.3 67.1 98.2 75.7 66.9 8
Federal government; operating surplus, net FA316402101 8.4 7.6 7.8 7.8 8 7.8 7.6 8.1 6.9 9
Federal government; current expenditures FA316900005 7128.6 6038.5 6384.3 6324.8 6346.3 6400.4 6465.6 6599.2 6684 10
Federal government; consumption expenditures FA316901001 1216.4 1229 1329.1 1303 1307.2 1346.3 1360.1 1375.8 1389.7 11
Federal government; social contributions paid FA316404001 3686 2919.4 2966.8 2977 2961.5 2962.4 2966.3 3073.6 3115.2 12
Federal government; other current transfers paid (IMA) FA316403001 1172 1037.7 1040.3 1070.3 1068.8 1008.1 1014.2 994 995.9 13
Federal government; interest paid (IMA) FA316130001 574.6 725.7 947.6 873.8 909.6 981.3 1025.8 1059.2 1089.1 14
Federal government; subsidies paid FA316402001 479.6 126.8 100.4 100.7 99.2 102.4 99.3 96.5 94 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 -2739.9 -1062.2 -1664.2 -1673.7 -1665.7 -1664.1 -1653.3 -1579.5 -1600.4 16
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 326 350.8 370.5 364.3 368 372.5 377.1 381.8 386.5 17
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (1) FA313154015 -1.2 -2.6 -1.3 -0.7 -1.4 -2.6 -0.6 -2.2 -1.2 18
Federal government; net capital transfers paid excluding payments under the financial stabilization program (2) FA315440095 121.2 183.8 213.8 85.3 102.3 532.2 135.6 131.5 139.2 19
Federal government; gross saving less net capital transfers paid (other than for financial stabilization program) FA316000105 -2533.9 -892.6 -1506.2 -1393.9 -1398.6 -1821.2 -1411.2 -1327 -1351.9 20
Federal government; gross investment FA315090005 -2319.7 -913.5 -1866.9 -1612.9 -2098.7 -2014.5 -1741.7 -878.3 -1493.1 21
Federal government; gross fixed investment (NIPA basis) FA315019001 378 406.5 442.6 427.7 437.2 445.7 459.9 461.6 475.8 22
Federal government; acquisition of nonproduced nonfinancial assets (net) FA315420003 -9 -108.1 -0.7 0.2 0.3 -3.5 0.1 0 -1 23
Federal government; net lending (+) or borrowing (-) (financial account) FA315000005 -2688.7 -1211.9 -2308.8 -2040.8 -2536.1 -2456.6 -2201.7 -1339.9 -1968 24
Federal government; total financial assets FA314090005 -1242.7 123.9 201.7 -791.3 697.6 686.4 214.2 430.9 -98.9 25
Federal government; U.S. official reserve assets FA313011005 114.1 5.8 -0.1 3.1 0.9 1.3 -5.7 10.4 2.9 26
Federal government; checkable deposits and currency; asset FA313020005 -1323.6 42.6 321.2 -897.7 974.5 853.1 354.9 204.1 99.7 27
Federal government; total time and savings deposits; asset FA313030003 1.1 -1 0.1 1 -0.6 0.1 0.1 0.6 0.1 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 177.9 155.6 -84.1 26.3 -121.5 -178.6 -62.5 76 74.5 32
Federal government; other loans and advances; asset FA313069005 116.6 91.3 -67 0.6 -148.7 -40.9 -79.2 -11.8 18.7 33
Federal government; total mortgages; asset FA313065005 6 13.4 8.1 6.8 4.3 11.7 9.5 8.9 8.4 34
Federal government; consumer credit, student loans; asset (3) FA313066220 55.4 51 -25.1 18.8 22.9 -149.4 7.2 78.9 47.4 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 -91.5 -3.5 -6.2 1.1 -1.7 2.9 -26.9 0 -12 37
Federal government; trade receivables; asset FA313070000 10.6 -0.1 9 19.8 1.1 5.6 9.5 40.7 -5.7 38
Federal government; total taxes receivable; asset FA313078000 -131.3 -75.5 -38.2 55.2 -155.1 1.9 -55 99.1 -258.5 39
Federal government; nonofficial foreign currencies; asset FA313091105 -0 0 0 -0 0 0 0 0 -0 40
Federal government; total liabilities FA314190005 1445.9 1335.8 2510.5 1249.5 3233.7 3143 2416 1770.7 1869.1 41
Federal government; special drawing rights (SDRs) allocations; liability FA313111303 112.8 0 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 20 43
Federal government; Treasury currency; liability FA313112003 -0.1 -0.4 0 0 0 0 0 0 0 44
Federal government; debt securities; liability FA314122005 1611 1287.5 2382 1166 3148.9 2923.9 2289.1 1688.4 1640.8 45
Federal government; Treasury securities; liability (5) FA313161105 1611.4 1287.4 2381.6 1166.2 3156 2917.6 2286.6 1689.4 1639.7 46
Federal government; budget agency securities; liability FA313161705 -0.4 0 0.4 -0.2 -7 6.3 2.4 -0.9 1.1 47
Federal government; loans; liability FA314123005 72.5 259.4 238.5 29.4 291.4 44.4 588.7 139.5 247 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 72.5 259.4 238.5 29.4 291.4 44.4 588.7 139.5 247 50
Federal government; total nonmarketable Treasury securities; liability (6) FA313169205 72.5 259.4 238.5 -1061.9 1382.7 44.4 588.7 139.5 247 51
Federal government; life insurance reserves; liability FA313140003 0.3 0.4 1.3 2 -0.2 2.9 0.5 3.7 0 52
Federal government; trade payables; liability FA313170005 57.8 -11.4 13.6 -10.7 16.3 56.8 -7.8 -16.5 55.7 53
Federal government; total miscellaneous liabilities FA313190005 -408.3 -199.7 -124.9 62.9 -222.8 115.1 -454.6 -44.3 -94.5 54
Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset FA343073045 -94.8 -163.3 -177.5 68.5 -258.6 32.3 -552.4 -91.7 -157.9 55
Federal government; Paycheck Protection Program payables; liability FA313172003 -332.6 -97.1 -3 -6.7 -3.2 -2 0 0 0 56
Federal government; miscellaneous liabilities, excluding claims of pension funds FA313190015 19.2 60.8 55.7 1.1 39 84.7 97.8 47.4 63.5 57
Federal government; sector discrepancy FA317005005 -214.2 20.9 360.7 219 700.1 193.3 330.5 -448.8 141.3 58
Federal government; change in cash balance; asset (7) FA314000105 -1321.5 39.7 326.1 -1062.6 1170.5 687.4 509.1 -18 335.4 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: September 12, 2024