Financial Accounts of the United States - Z.1
F.105 General Government (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
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| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 8810.9 | 8534.8 | 8458.9 | 8479.3 | 8533 | 8667.8 | 8833.2 | 8879.2 | 9011.1 | 1 |
| General government; personal current taxes | FA366210005 | 3244.9 | 2855.7 | 2834.2 | 2828.4 | 2866 | 2894.3 | 2965.6 | 3005.4 | 3058.4 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1850.2 | 1893.1 | 1877.4 | 1885.2 | 1896.2 | 1913.6 | 1938 | 1954.7 | 1979.1 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 563.9 | 608.6 | 592.9 | 591.9 | 617.8 | 631.7 | 630.3 | 657.4 | 647.9 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 34.3 | 35.4 | 34.8 | 35.7 | 35.3 | 35.9 | 36.7 | 37.6 | 37.8 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1710.7 | 1822.7 | 1781.9 | 1810.5 | 1839.3 | 1858.9 | 1889 | 1896.1 | 1911.2 | 6 |
| General government; property income (received) | FA366150105 | 207.7 | 144.7 | 137 | 139 | 143.2 | 159.5 | 160.2 | 164.5 | 163.3 | 7 |
| General government; other current transfers received | FA366403105 | 1207 | 1207.4 | 1225.9 | 1220.2 | 1171.2 | 1212.1 | 1253.9 | 1205.3 | 1255.5 | 8 |
| General government; operating surplus, net | FA366402105 | -7.9 | -32.8 | -25.3 | -31.6 | -35.9 | -38.2 | -40.5 | -41.8 | -42.1 | 9 |
| General government; current expenditures | FA366900015 | 9742.9 | 10262.7 | 10141.4 | 10208.6 | 10303 | 10397.9 | 10633.2 | 10764.4 | 10980.2 | 10 |
| General government; consumption expenditures | FA366901005 | 3566.5 | 3724 | 3680.8 | 3674.3 | 3758.9 | 3781.7 | 3840.1 | 3882.1 | 3947.2 | 11 |
| General government; social contributions paid | FA366404005 | 4042.6 | 4178.4 | 4152.9 | 4192.1 | 4179.8 | 4188.9 | 4347.5 | 4413.8 | 4459.1 | 12 |
| General government; other current transfers paid | FA366403005 | 1041.8 | 1041 | 1074.9 | 1065.7 | 1008.1 | 1015.2 | 1007.9 | 1010.9 | 1103.7 | 13 |
| General government; interest paid | FA366130005 | 964 | 1216.6 | 1128.2 | 1174 | 1251.5 | 1312.5 | 1340.8 | 1363.2 | 1377.4 | 14 |
| General government; subsidies paid | FA366402005 | 128 | 102.8 | 104.5 | 102.5 | 104.7 | 99.6 | 96.8 | 94.4 | 92.8 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -932 | -1728 | -1682.5 | -1729.3 | -1770 | -1730.1 | -1799.9 | -1885.1 | -1969.1 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 733.6 | 776.8 | 766.5 | 772.6 | 780.4 | 787.9 | 796.1 | 804.1 | 815.1 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.6 | -1.3 | -0.7 | -1.4 | -2.6 | -0.6 | -2.2 | -1.2 | -0.5 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -43.1 | 153.6 | 123.1 | 251.7 | 207.8 | 31.9 | 27.5 | 33.1 | 48.9 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -152.6 | -1103.4 | -1038.3 | -1206.9 | -1194.8 | -973.6 | -1029.1 | -1112.9 | -1202.4 | 20 |
| General government; gross investment | FA365090005 | -152.8 | -1352.3 | -1069.6 | -1586.3 | -1510.3 | -1243 | -368.8 | -926.9 | -1059.8 | 21 |
| General government; gross fixed investment | FA365019005 | 887.2 | 986.6 | 943.7 | 971.6 | 997.5 | 1033.4 | 1040.9 | 1060.9 | 1085.4 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | -93.2 | 14.8 | 15.5 | 15.8 | 12.1 | 15.8 | 15.4 | 14.3 | 15.1 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -946.8 | -2353.7 | -2028.9 | -2573.8 | -2520 | -2292.3 | -1425 | -2002.1 | -2160.3 | 24 |
| General government; total financial assets | FA364090005 | 657.1 | 498.8 | -416.6 | 1071.1 | 936.6 | 404.1 | 766.5 | 374.6 | 637.1 | 25 |
| Federal government; monetary gold and SDRs; asset | FA313011105 | 5 | 4.6 | 3.9 | 3.2 | 6.9 | 4.5 | 7.9 | 4.2 | 6.2 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 57.3 | 336.3 | -897.1 | 964 | 860.1 | 418.3 | 221.8 | 69.1 | 245.4 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | -13.4 | 3.9 | 5.2 | 45.1 | -28.6 | -6 | 38.8 | 4.7 | -20.9 | 28 |
| Federal government; other deposits; asset | FA313030505 | 0.8 | -4.7 | -0.8 | -2.4 | -5.6 | -10.2 | 2.8 | -2.4 | 6.3 | 29 |
| State and local governments; money market fund shares; asset | FA213034003 | 9.8 | 6.8 | 17.2 | 3.4 | 4.2 | 2.3 | 3.3 | 5.4 | 15.8 | 30 |
| General government; security repurchase agreements; asset | FA362051005 | 4.9 | 22.7 | 38.9 | 15 | -9.5 | 46.5 | 17.4 | 24.5 | 53.5 | 31 |
| General government; debt securities; asset | FA364022005 | 356 | 215.1 | 251.5 | 323.4 | 204.5 | 80.8 | 319.8 | 302.3 | 197.8 | 32 |
| State and local governments; commercial paper; asset | FA213069103 | 5.2 | 23.9 | 41 | 15.7 | -10 | 48.9 | 18.3 | 25.6 | 56.3 | 33 |
| State and local governments; Treasury securities, excluding SLGS; asset | FA213061103 | 254 | 161.8 | 160.3 | 235.7 | 200.7 | 50.6 | 235.6 | 181.7 | 74.9 | 34 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 39.2 | 19.6 | 35 | 33.7 | -10.7 | 20.3 | 28.1 | 43.4 | 48 | 35 |
| State and local governments; municipal securities; asset | FA213062003 | 6.4 | 3.4 | 5 | 4.7 | 6.6 | -2.9 | 5.8 | 6.1 | 7.3 | 36 |
| General government; corporate and foreign bonds; asset | FA363063005 | 51.1 | 6.4 | 10.2 | 33.5 | 17.9 | -36.2 | 31.9 | 45.5 | 11.3 | 37 |
| General government; loans; asset | FA364023005 | 146.5 | -80.1 | 46.6 | -117.8 | -176 | -73.3 | 88.6 | 162.2 | 173.4 | 38 |
| General government; total mortgages; asset | FA363065005 | 14.1 | 20.4 | 29 | 6.7 | 2 | 43.9 | 12.5 | 33 | 31.8 | 39 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 51 | -25.1 | 18.8 | 22.9 | -149.4 | 7.2 | 78.9 | 47.4 | 81.3 | 40 |
| General government; other loans and advances; asset | FA363069005 | 81.5 | -75.4 | -1.2 | -147.4 | -28.5 | -124.4 | -2.8 | 81.8 | 60.3 | 41 |
| General government; corporate equities; asset | FA363064105 | 32.5 | -18 | -11.8 | -37.5 | 15.8 | -38.3 | -49.6 | -1.7 | -1.3 | 42 |
| Federal government; other equity; asset (IMA) | FA313081115 | -3.5 | -6.2 | 1.1 | -1.7 | 2.9 | -26.9 | 0 | -2.5 | 1.3 | 43 |
| State and local governments; mutual fund shares; asset | FA213064203 | 16.6 | -3.2 | -0.8 | -8.2 | 8.3 | -12 | -15.5 | 5.4 | 1.2 | 44 |
| General government; trade receivables; asset | FA363070005 | 34.3 | 6.9 | -11 | 7.6 | 37.7 | -6.6 | 14.7 | 18.6 | 16.5 | 45 |
| General government; taxes receivable; asset | FA363078005 | 5.8 | -0.8 | 108.5 | -131.4 | 36.4 | -16.6 | 103.6 | -237 | -105.9 | 46 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 4.5 | 15.4 | 32 | 8.4 | -20.6 | 41.8 | 12.8 | 21.8 | 47.9 | 47 |
| General government; total liabilities | FA364190005 | 1604 | 2852.5 | 1612.3 | 3644.8 | 3456.6 | 2696.4 | 2191.6 | 2376.7 | 2797.4 | 48 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49 |
| Federal government; Treasury currency; liability | FA313125003 | 0.5 | 1.2 | 0.7 | 0.7 | 2.8 | 0.7 | 0.7 | 0.7 | 0.4 | 50 |
| Federal government; postal savings system deposits; liability | FA313131003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51 |
| General government; debt securities; liability | FA364122005 | 1236.3 | 2403.4 | 1205.1 | 3240.1 | 2916.1 | 2252.3 | 1787.3 | 1837.1 | 2299.9 | 52 |
| Federal government; Treasury securities; liability | FA313161105 | 1287.4 | 2381.6 | 1166.2 | 3156 | 2917.6 | 2286.6 | 1689.4 | 1639.7 | 2164.8 | 53 |
| Federal government; budget agency securities; liability | FA313161705 | 0 | 0.4 | -0.2 | -7 | 6.3 | 2.4 | -0.9 | 1.1 | 0.2 | 54 |
| State and local governments; municipal securities; liability | FA213162005 | -51.1 | 21.4 | 39.2 | 91.1 | -7.8 | -36.7 | 98.8 | 196.3 | 134.9 | 55 |
| General government; loans; liability | FA364123005 | 260.2 | 239.5 | 30.4 | 292.2 | 44.9 | 590.3 | 140.7 | 248.1 | 96.6 | 56 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57 |
| General government; other loans and advances; liability | FA363169005 | 260.2 | 239.5 | 30.4 | 292.2 | 44.9 | 590.3 | 140.7 | 248.1 | 96.6 | 58 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.4 | 1.3 | 2 | -0.2 | 2.9 | 0.5 | 3.7 | 0 | 4.2 | 59 |
| General government; trade payables; liability | FA363170005 | 56 | 81.7 | 57.1 | 83.3 | 125.6 | 60.7 | 56.9 | 118.6 | 126 | 60 |
| General government; total miscellaneous liabilities | FA363190005 | 50.6 | 125.4 | 316.9 | 28.7 | 364.3 | -208.2 | 202.3 | 172.2 | 270.2 | 61 |
| General government; sector discrepancy | FA367005005 | 0.1 | 248.9 | 31.3 | 379.4 | 315.5 | 269.5 | -660.3 | -186 | -142.6 | 62 |
| General government (consolidated); total financial assets (4) | FA374090005 | 405.8 | 341 | -581.1 | 828.6 | 716.4 | 400.1 | 518.7 | 122.3 | 509.3 | 63 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1352.6 | 2694.7 | 1447.7 | 3402.3 | 3236.3 | 2692.4 | 1943.8 | 2124.4 | 2669.6 | 64 |
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 34 and 36) and federal government loans to state and local governments (line 58).
Last Update: December 12, 2024