Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: June 11, 2009
Release dates | Coded tables | Historical data
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F.106.c Consolidated Statement for Federal, State, and Local Governments1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2003
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2008
Q1
2008
Q2
2008
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2008
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2009
Q1

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Consolidated federal, state and local governments current receipts (NIPA) 3035.6 3254.1 3620.4 3963.8 4177.8 4116.2 4215.6 4049.9 4154.1 4045.3 3870.8 1
Consolidated federal, state and local governments personal current taxes 1001.1 1046.3 1207.8 1353.2 1492.8 1457.3 1535.0 1346.1 1470.7 1477.4 1276.7 2
Consolidated federal, state and local governments national income, taxes on production and imports (NIPA) 807.2 863.8 928.2 976.2 1015.5 1033.8 1025.8 1039.4 1044.1 1026.1 1014.8 3
Consolidated federal, state and local governments profit tax accruals 233.1 293.3 397.2 449.7 426.3 338.7 375.8 378.9 365.2 235.0 268.9 4
Federal government taxes from the rest of the world (NIPA) 8.9 10.0 12.1 13.4 14.0 15.5 15.3 14.8 15.2 16.5 14.0 5
Consolidated federal, state and local governments contributions for govt. social insurance 778.6 828.8 874.3 925.5 965.1 995.7 992.2 995.4 1000.0 995.2 993.9 6
Consolidated federal, state and local governments income receipts on assets 95.8 99.1 109.8 120.4 129.5 135.5 132.7 135.6 135.7 138.1 139.9 7
Consolidated federal, state and local governments current transfer receipts 109.2 117.0 104.3 134.2 142.6 147.8 145.9 147.4 131.2 166.6 174.2 8
Consolidated federal, state and local governments national income, current surplus of government enterprises (NIPA) 1.7 -4.2 -13.4 -8.6 -7.9 -8.1 -7.1 -7.7 -8.0 -9.6 -11.6 9
Consolidated federal, state and local governments current expenditures (NIPA) 3428.1 3623.2 3882.6 4118.8 4396.7 4721.3 4598.7 4766.3 4801.7 4718.4 4775.4 10
Consolidated federal, state and local governments consumption expenditures (NIPA) 1736.5 1844.0 1957.5 2081.5 2212.0 2386.4 2324.3 2380.9 2439.8 2400.5 2388.0 11
Consolidated federal, state and local governments current expenditure on government social benefits 1319.5 1399.1 1485.0 1581.4 1685.0 1838.1 1749.5 1897.6 1834.9 1870.3 1959.1 12
Consolidated federal, state and local governments other current transfer payments 23.6 26.2 35.5 29.6 36.3 35.9 44.0 32.6 31.9 35.0 26.8 13
Consolidated federal, state and local governments interest payments 300.6 309.3 345.3 376.5 411.1 410.2 430.3 404.4 444.8 361.3 351.0 14
Consolidated federal, state and local governments national income, subsidies (a subtracted item; NIPA) 47.9 44.6 59.3 49.7 52.3 50.7 50.6 50.8 50.3 51.2 50.5 15
Consolidated federal, state and local governments wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16
Consolidated federal, state and local governments net government saving (NIPA) -392.5 -369.1 -262.2 -155.0 -218.9 -605.1 -383.1 -716.4 -647.6 -673.1 -904.6 17
Consolidated federal, state and local governments consumption of fixed capital (NIPA) 218.2 230.2 252.3 268.0 289.4 309.2 300.5 305.7 312.1 318.4 322.8 18
Federal government insurance and pension reserves -0.6 0.0 0.7 0.1 0.1 -0.6 -2.7 0.5 -1.6 1.4 0.8 19
Consolidated federal, state and local governments net capital transfers received (NIPA)s 11.2 13.6 12.0 14.8 2.7 -1.0 -0.3 0.4 -1.5 -2.5 -4.0 20
Consolidated federal, state and local governments gross saving -162.5 -125.3 1.4 127.7 73.0 -296.2 -80.2 -410.8 -335.4 -358.5 -586.6 21
Consolidated federal, state and local governments gross investment -179.9 -85.8 39.1 168.5 75.0 -292.9 -104.3 -213.8 -392.2 -461.3 -674.0 22
Consolidated federal, state and local governments fixed gross investment, total (NIPA) 356.0 372.8 397.8 426.7 462.8 496.0 473.9 492.8 506.3 510.9 495.4 23
Consolidated federal, state and local governments nonproduced nonfinancial assets 10.7 10.6 9.0 -3.7 9.7 -16.0 3.3 -81.6 4.4 10.1 10.4 24
Consolidated federal, state and local governments net financial investment -546.6 -469.2 -367.6 -254.4 -397.5 -772.9 -581.5 -625.0 -902.8 -982.3 -1179.8 25
Consolidated federal, state and local governments total financial assets 103.5 89.4 147.8 148.8 157.4 661.0 67.2 -70.7 1288.0 1359.5 397.4 26
Federal government gold, SDRs, and official foreign exchange asset -1.8 -3.1 -14.4 -2.7 -0.4 4.2 0.4 4.5 -0.3 12.3 3.6 27
Consolidated federal, state and local governments checkable deposits and currency asset 16.2 -37.2 22.5 2.5 23.5 322.4 -6.8 -32.8 1268.3 61.1 -352.8 28
Consolidated federal, state and local governments total time and savings deposits asset -4.9 11.6 11.8 26.4 37.3 17.9 17.1 -6.8 9.1 52.1 62.0 29
State and local governments, excluding employee retirement funds money market fund shares asset 4.0 3.9 5.1 6.8 4.9 2.1 -1.1 -1.2 1.1 9.7 -13.0 30
State and local governments, excluding employee retirement funds federal funds transactions and loans made under security repurchase agreements asset 7.9 7.7 10.0 13.5 9.7 -15.4 -2.2 -21.3 -87.9 49.6 -40.0 31
Consolidated federal, state and local governments credit market instruments, excluding corporate equities asset 46.0 49.5 60.1 88.5 32.6 -12.9 -66.9 -21.4 -12.3 49.2 253.5 32
State and local governments, excluding employee retirement funds commercial paper asset 10.3 10.1 13.1 17.6 -7.3 -71.4 -66.9 -17.8 -77.2 -123.6 -24.7 33
Consolidated federal, state and local governments U.S. government agency securities asset 22.5 21.9 28.4 38.3 14.6 44.0 -6.3 -11.9 59.2 134.9 180.6 34
State and local governments, excluding employee retirement funds municipal securities and loans asset 0.3 0.3 0.4 0.5 0.3 -0.1 -0.1 0.0 0.1 -0.4 0.1 35
State and local governments, excluding employee retirement funds corporate and foreign bonds asset 7.1 6.9 9.0 12.1 8.8 -3.6 -2.0 -5.0 1.9 -9.4 3.6 36
Consolidated federal, state and local governments total mortgages asset 6.0 9.9 13.1 18.2 12.3 -0.4 -0.3 0.2 -1.1 -0.4 6.0 37
Federal government consumer credit (student loans) asset 1.9 3.7 3.7 1.9 6.7 12.6 10.6 10.1 4.2 25.5 31.2 38
Federal government other loans and advances excluding loans for state and local governments asset -2.1 -3.3 -7.7 -0.0 -2.9 6.1 -1.9 3.0 0.6 22.5 56.6 39
Consolidated federal, state and local governments corporate equities asset -17.0 -4.2 2.5 -4.4 2.4 273.1 43.7 -2.6 -8.4 1059.7 365.9 40
State and local governments, excluding employee retirement funds mutual fund share holdings asset -5.2 -1.3 0.8 -1.3 0.7 8.0 13.4 12.1 -6.1 12.7 27.7 41
Consolidated federal, state and local governments trade receivables 27.2 18.4 19.4 14.2 10.2 -4.3 -0.2 -11.3 5.6 -11.3 8.5 42
Consolidated federal, state and local governments taxes receivable by governments asset 41.6 48.7 67.2 34.6 19.1 32.1 51.4 17.0 61.5 -1.5 74.3 43
Consolidated federal, state and local governments total miscellaneous financial claims asset -10.6 -4.6 -37.0 -29.3 17.3 33.7 18.6 -6.9 57.4 65.9 7.7 44
Consolidated federal, state and local governments total financial liabilities 650.0 558.6 515.5 403.2 555.0 1433.9 648.7 554.3 2190.8 2341.7 1577.2 45
Monetary authority SDR certificates issued by federal government asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46
Federal government treasury currency liability 0.6 0.7 0.8 0.6 0.7 -0.8 -0.9 -0.5 -1.2 -0.8 -0.0 47
Consolidated federal, state and local governments credit  market instruments liability 506.5 452.1 385.7 298.5 407.8 1287.5 526.5 358.9 2065.8 2198.8 1539.5 48
Federal government U.S. savings bonds liability 8.9 0.6 0.7 -2.7 -6.0 -2.4 -4.2 -1.1 -1.3 -3.0 -0.3 49
Federal government total Treasury securities, excluding U.S. savings bonds and U.S. Treasury securities held by state and local governments liability 380.0 337.0 214.3 150.9 228.9 1250.1 452.4 340.1 1998.4 2209.7 1435.2 50
Federal government budget agency securities liability -2.4 -0.6 -0.4 -0.3 -0.4 0.2 1.3 0.3 -1.7 1.0 -3.2 51
State and local governments, excluding employee retirement funds municipal securities and loans (total) liability 120.0 115.1 171.1 150.6 185.3 39.6 77.1 19.7 70.5 -8.9 107.8 52
Federal government multifamily residential mortgages liability 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53
Consolidated federal, state and local governments trade payables liability 101.6 45.5 65.1 40.6 67.1 34.5 70.8 90.4 21.2 -44.5 34.2 54
Federal government life insurance reserves liability 1.1 1.1 1.1 1.5 1.2 1.0 -0.3 2.0 -0.4 2.8 -0.2 55
Federal government total miscellaneous liabilities (including nonmarketable government securities held by pension funds) 40.3 59.2 62.8 62.1 78.2 111.7 52.6 103.5 105.4 185.5 3.7 56
Consolidated federal, state and local governments sector discrepancy 17.5 -39.5 -37.7 -40.8 -1.9 -3.4 24.1 -197.1 56.8 102.7 87.4 57
Consolidated federal, state and local governments net government saving less fixed investment -748.4 -741.9 -660.0 -581.6 -681.8 -1101.0 -857.0 -1209.3 -1153.9 -1184.0 -1400.0 58
Consolidated federal, state and local governments adjustment between NIPA and FOF 212.1 272.2 291.5 326.1 283.0 326.8 273.7 583.0 249.8 200.6 218.2 59
Consolidated federal, state and local governments items to be financed -536.3 -469.7 -368.5 -255.5 -398.8 -774.3 -583.3 -626.3 -904.2 -983.4 -1181.8 60

  FOOTNOTES
  1.  This table is consistent with NIPA table 3.1 in the Survey of Current Business, Department of Commerce. Return to text


Release dates | Coded tables | Historical data
Current release | Screen reader | PDF (450 KB)

Statistical releases