Financial Accounts of the United States - Z.1
F.105 General Government (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 8810.9 | 8534.8 | 8958.3 | 8533.0 | 8667.8 | 8833.2 | 8879.2 | 9006.5 | 9114.3 | 1 |
| General government; personal current taxes | FA366210005 | 3244.9 | 2855.7 | 3031.0 | 2866.0 | 2894.3 | 2965.6 | 3005.4 | 3054.2 | 3098.8 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1850.2 | 1893.1 | 1968.9 | 1896.2 | 1913.6 | 1938.0 | 1954.7 | 1975.9 | 2007.2 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 563.9 | 608.6 | 647.5 | 617.8 | 631.7 | 630.2 | 657.4 | 655.7 | 646.6 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 34.3 | 35.4 | 37.5 | 35.3 | 35.9 | 36.7 | 37.6 | 37.8 | 38.0 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1710.7 | 1822.7 | 1903.5 | 1839.3 | 1858.9 | 1889.0 | 1896.1 | 1903.9 | 1925.0 | 6 |
| General government; property income (received) | FA366150105 | 207.7 | 144.7 | 162.6 | 143.2 | 159.5 | 160.2 | 164.5 | 163.8 | 161.9 | 7 |
| General government; other current transfers received | FA366403105 | 1207.0 | 1207.4 | 1247.8 | 1171.2 | 1212.1 | 1253.9 | 1205.3 | 1255.5 | 1276.4 | 8 |
| General government; operating surplus, net | FA366402105 | -7.9 | -32.8 | -40.5 | -35.9 | -38.2 | -40.5 | -41.8 | -40.2 | -39.6 | 9 |
| General government; current expenditures | FA366900015 | 9742.9 | 10262.7 | 10870.3 | 10303.0 | 10397.9 | 10633.2 | 10764.4 | 10992.2 | 11091.7 | 10 |
| General government; consumption expenditures | FA366901005 | 3566.5 | 3724.0 | 3916.7 | 3758.9 | 3781.7 | 3840.1 | 3882.1 | 3947.7 | 3997.0 | 11 |
| General government; social contributions paid | FA366404005 | 4042.6 | 4178.4 | 4443.3 | 4179.8 | 4188.9 | 4347.5 | 4413.8 | 4472.0 | 4539.9 | 12 |
| General government; other current transfers paid | FA366403005 | 1041.8 | 1041.0 | 1050.4 | 1008.1 | 1015.2 | 1007.9 | 1010.9 | 1102.4 | 1080.3 | 13 |
| General government; interest paid | FA366130005 | 964.0 | 1216.6 | 1365.4 | 1251.5 | 1312.5 | 1340.8 | 1363.2 | 1377.3 | 1380.3 | 14 |
| General government; subsidies paid | FA366402005 | 128.0 | 102.8 | 94.6 | 104.7 | 99.6 | 96.8 | 94.4 | 92.8 | 94.2 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -932.0 | -1728.0 | -1912.0 | -1770.0 | -1730.1 | -1799.9 | -1885.1 | -1985.7 | -1977.4 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 733.6 | 776.8 | 810.1 | 780.4 | 787.9 | 796.1 | 804.1 | 815.1 | 825.2 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -2.6 | -1.3 | -0.9 | -2.6 | -0.6 | -2.2 | -1.2 | -0.5 | 0.3 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -43.1 | 153.6 | 35.4 | 207.8 | 31.9 | 27.5 | 33.1 | 48.9 | 32.0 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -152.6 | -1103.4 | -1136.4 | -1194.8 | -973.6 | -1029.1 | -1112.9 | -1219.0 | -1184.5 | 20 |
| General government; gross investment | FA365090005 | -210.0 | -1425.7 | -1126.3 | -1583.8 | -1314.3 | -444.7 | -994.9 | -1150.1 | -1915.6 | 21 |
| General government; gross fixed investment | FA365019005 | 887.2 | 986.6 | 1072.5 | 997.5 | 1033.4 | 1040.9 | 1060.9 | 1087.4 | 1101.0 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | -93.2 | 14.8 | 15.0 | 12.1 | 15.8 | 15.4 | 14.3 | 15.1 | 15.3 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -1004.1 | -2427.1 | -2213.9 | -2593.4 | -2363.6 | -1500.9 | -2070.1 | -2252.5 | -3031.9 | 24 |
| General government; total financial assets | FA364090005 | 599.9 | 425.8 | 274.2 | 863.8 | 333.3 | 691.8 | 306.1 | 533.1 | -434.3 | 25 |
| Federal government; monetary gold and SDRs; asset | FA313011105 | 5.0 | 4.6 | 5.5 | 6.9 | 4.5 | 7.9 | 4.2 | 5.9 | 4.1 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 57.3 | 336.3 | -34.2 | 860.1 | 418.2 | 221.8 | 70.2 | 245.1 | -673.9 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | -13.4 | 3.9 | 0.0 | -28.6 | -6.0 | 38.8 | 4.7 | -21.1 | -22.2 | 28 |
| Federal government; other deposits; asset | FA313030505 | 0.8 | -4.7 | -2.6 | -5.6 | -10.2 | 2.8 | -2.4 | -6.4 | -4.6 | 29 |
| State and local governments; money market fund shares; asset | FA213034003 | 9.8 | 6.8 | 11.4 | 4.2 | 2.3 | 3.3 | 5.4 | 15.8 | 21.0 | 30 |
| General government; security repurchase agreements; asset | FA362051005 | 1.4 | 17.7 | 15.3 | -13.5 | 40.5 | 12.6 | 19.5 | 45.3 | -16.0 | 31 |
| General government; debt securities; asset | FA364022005 | 313.6 | 160.3 | 190.9 | 148.7 | 29.8 | 259.9 | 244.6 | 124.2 | 135.1 | 32 |
| State and local governments; commercial paper; asset | FA213069103 | 1.4 | 18.6 | 16.1 | -14.2 | 42.6 | 13.3 | 20.4 | 47.5 | -16.9 | 33 |
| State and local governments; Treasury securities, excluding SLGS; asset | FA213061103 | 229.0 | 128.5 | 129.4 | 165.1 | 20.2 | 198.0 | 147.2 | 33.6 | 138.7 | 34 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | 31.8 | 10.5 | 22.9 | -18.9 | 11.3 | 19.0 | 33.9 | 34.8 | 3.7 | 35 |
| State and local governments; municipal securities; asset | FA213062003 | 5.6 | 2.3 | 3.9 | 5.5 | -3.7 | 4.7 | 5.0 | 5.7 | 0.2 | 36 |
| General government; corporate and foreign bonds; asset | FA363063005 | 45.7 | 0.3 | 18.8 | 11.3 | -40.6 | 24.9 | 38.1 | 2.6 | 9.3 | 37 |
| General government; loans; asset | FA364023005 | 142.8 | -85.0 | 86.9 | -180.1 | -79.0 | 84.3 | 164.3 | 168.1 | -68.9 | 38 |
| General government; total mortgages; asset | FA363065005 | 10.3 | 15.5 | 14.3 | -2.2 | 38.2 | 8.3 | 28.0 | 27.5 | -6.7 | 39 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 51.0 | -25.1 | 56.8 | -149.4 | 7.2 | 78.9 | 47.4 | 82.2 | 18.5 | 40 |
| General government; other loans and advances; asset | FA363069005 | 81.5 | -75.4 | 15.9 | -28.5 | -124.4 | -2.8 | 88.8 | 58.3 | -80.8 | 41 |
| General government; corporate equities; asset | FA363064105 | 29.8 | -20.4 | -10.7 | 12.2 | -39.8 | -50.3 | -4.3 | -5.1 | 16.9 | 42 |
| Federal government; other equity; asset (IMA) | FA313081115 | -3.5 | -6.2 | 0.2 | 2.9 | -26.9 | 0.0 | -2.5 | 1.8 | 1.6 | 43 |
| State and local governments; mutual fund shares; asset | FA213064203 | 15.1 | -4.8 | -3.5 | 6.3 | -13.2 | -16.4 | 3.6 | -1.1 | -0.2 | 44 |
| General government; trade receivables; asset | FA363070005 | 34.3 | 6.9 | 9.5 | 37.7 | -6.6 | 14.7 | 18.7 | 16.4 | -11.7 | 45 |
| General government; taxes receivable; asset | FA363078005 | 5.8 | -0.8 | -12.6 | 36.4 | -16.6 | 103.6 | -237.0 | -96.1 | 179.0 | 46 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 1.3 | 11.0 | 18.0 | -23.8 | 36.4 | 8.6 | 17.3 | 40.4 | 5.6 | 47 |
| General government; total liabilities | FA364190005 | 1604.0 | 2853.0 | 2488.0 | 3457.2 | 2696.9 | 2192.7 | 2376.3 | 2785.6 | 2597.7 | 48 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 49 |
| Federal government; Treasury currency; liability | FA313125003 | 0.5 | 1.2 | 0.5 | 2.8 | 0.7 | 0.7 | 0.7 | 0.4 | 0.1 | 50 |
| Federal government; postal savings system deposits; liability | FA313131003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 51 |
| General government; debt securities; liability | FA364122005 | 1236.4 | 2403.8 | 2010.2 | 2916.7 | 2252.9 | 1788.4 | 1836.7 | 2303.3 | 2112.5 | 52 |
| Federal government; Treasury securities; liability | FA313161105 | 1287.4 | 2381.6 | 1912.9 | 2917.6 | 2286.6 | 1689.4 | 1639.7 | 2164.8 | 2157.7 | 53 |
| Federal government; budget agency securities; liability | FA313161705 | 0.0 | 0.4 | 0.3 | 6.3 | 2.4 | -0.9 | 1.1 | 0.2 | 0.8 | 54 |
| State and local governments; municipal securities; liability | FA213162005 | -51.1 | 21.9 | 97.0 | -7.2 | -36.2 | 99.9 | 195.8 | 138.4 | -46.0 | 55 |
| General government; loans; liability | FA364123005 | 260.2 | 239.4 | 232.5 | 44.9 | 590.2 | 140.7 | 248.1 | 96.6 | 444.4 | 56 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 57 |
| General government; other loans and advances; liability | FA363169005 | 260.2 | 239.4 | 232.5 | 44.9 | 590.2 | 140.7 | 248.1 | 96.6 | 444.4 | 58 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.4 | 1.3 | 2.2 | 2.9 | 0.5 | 3.7 | 0.0 | 4.2 | 0.8 | 59 |
| General government; trade payables; liability | FA363170005 | 56.0 | 81.7 | 110.7 | 125.6 | 60.7 | 56.9 | 118.6 | 110.8 | 156.6 | 60 |
| General government; total miscellaneous liabilities | FA363190005 | 50.6 | 125.4 | 132.0 | 364.3 | -208.2 | 202.3 | 172.2 | 270.2 | -116.6 | 61 |
| General government; sector discrepancy | FA367005005 | 57.4 | 322.3 | -10.1 | 389.0 | 340.8 | -584.4 | -118.0 | -69.0 | 731.1 | 62 |
| General government (consolidated); total financial assets (4) | FA374090005 | 374.4 | 302.3 | 133.1 | 680.4 | 360.5 | 482.7 | 89.5 | 448.2 | -488.0 | 63 |
| General government (consolidated); total liabilities (4) | FA374190005 | 1378.5 | 2729.4 | 2347.0 | 3273.7 | 2724.0 | 1983.6 | 2159.6 | 2700.7 | 2543.9 | 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: March 13, 2025