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: March 7, 2013
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F.105.c Consolidated Statement for Federal, State, and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2008
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2011
Q4
2012
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Consolidated governments; current receipts, NIPA basis 4051.6 3705.3 3906.8 4086.1 4268.1 4076.4 4109.2 4260.1 4259.3 4272.0 4280.9 1
Consolidated governments; personal current taxes 1435.7 1144.6 1194.8 1398.0 1474.7 1403.8 1419.1 1450.8 1465.2 1476.5 1506.2 2
Consolidated governments; taxes on production and imports, receivable (IMA) 1038.6 1023.2 1055.0 1097.9 1130.4 1098.2 1109.8 1128.5 1130.9 1128.4 1133.7 3
Consolidated governments; taxes on corporate income (accrual basis) 281.0 245.9 349.5 351.8 411.9 334.2 341.8 425.9 414.4 423.9 383.6 4
Federal government; taxes from the rest of the world 18.8 14.8 15.1 15.9 17.4 17.0 17.4 15.4 16.9 17.1 20.3 5
Consolidated governments; contributions for government social insurance received 992.1 968.1 988.2 923.8 952.9 925.3 927.3 947.1 949.0 953.3 962.3 6
Consolidated governments; property income (received) 137.5 143.1 141.8 141.7 138.7 142.1 140.5 140.3 139.0 138.0 137.5 7
Consolidated governments; other current transfers received 163.9 181.2 181.9 183.7 176.1 183.4 184.4 184.2 178.1 170.4 171.7 8
Consolidated governments; operating surplus, net -16.0 -15.6 -19.5 -26.5 -34.0 -27.5 -31.1 -32.0 -34.1 -35.5 -34.4 9
Consolidated governments; current expenditures 4737.3 5047.9 5304.4 5425.5 5488.6 5426.4 5408.3 5446.5 5498.3 5499.2 5510.4 10
Consolidated governments; consumption expenditures 2381.0 2460.3 2552.0 2579.5 2590.4 2591.0 2570.4 2586.9 2580.3 2618.7 2575.6 11
Consolidated governments; social contributions paid 1857.9 2116.5 2253.4 2291.4 2347.6 2287.6 2293.4 2320.4 2337.1 2359.9 2372.7 12
Consolidated governments; other current transfers paid 45.3 53.5 54.7 58.7 58.5 56.0 57.5 59.7 58.4 59.3 56.5 13
Consolidated governments; interest paid 400.2 357.9 387.4 434.2 431.3 429.5 424.4 418.6 461.5 400.7 444.5 14
Consolidated governments; subsidies paid 52.9 59.7 57.0 61.6 60.9 62.4 62.7 60.8 61.0 60.6 61.0 15
Consolidated 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 governments; net saving including net capital transfers paid -685.7 -1342.6 -1397.7 -1339.4 -1220.5 -1350.0 -1299.1 -1186.4 -1239.0 -1227.2 -1229.5 17
Consolidated governments; consumption of fixed capital, equipment, software, and structures, current cost basis 311.2 323.5 333.5 349.4 363.9 352.4 355.5 359.0 362.8 365.6 368.4 18
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability -0.6 0.5 -1.7 -0.4 -1.4 0.5 0.6 -2.7 -0.1 -1.3 -1.7 19
Households and nonprofit organizations; adjustment to contributions for government social insurance paid for U.S. affiliated areas 4.8 5.0 4.9 4.4 4.6 4.5 4.5 4.6 4.6 4.6 4.7 20
Consolidated governments; net capital transfers paid excluding payments under the financial stabilization program 3.0 14.9 28.1 28.3 21.9 31.9 22.6 14.5 11.8 13.9 47.5 21
Consolidated governments; gross saving less net capital transfers paid -381.7 -1039.3 -1095.4 -1022.3 -881.7 -1034.5 -971.2 -843.8 -892.6 -878.8 -911.7 22
Consolidated governments; gross investment -449.1 -972.8 -1002.0 -996.8 -742.4 -1721.7 -997.1 -1200.8 -711.0 -306.9 -750.7 23
Consolidated governments; gross fixed investment 497.2 506.9 505.5 480.2 472.5 476.8 480.5 467.6 473.4 474.5 474.3 24
Consolidated governments; acquisition of nonproduced nonfinancial assets (net) -5.1 5.6 11.8 11.4 11.6 10.8 11.6 10.7 10.8 12.8 12.2 25
Consolidated governments; net lending (+) or borrowing (-) (financial account) -941.2 -1485.3 -1519.3 -1488.4 -1226.5 -2209.3 -1489.2 -1679.2 -1195.3 -794.2 -1237.3 26
Consolidated governments; total financial assets 527.9 166.5 275.4 -253.8 17.4 -287.6 37.2 -146.1 195.3 25.2 -4.8 27
Federal government; U.S. official reserve assets 4.2 51.9 1.6 16.2 5.7 16.0 7.9 4.6 13.0 3.1 2.2 28
Consolidated governments; checkable deposits and currency; asset 321.6 -155.1 154.5 -240.9 -2.1 -309.3 168.9 -130.5 88.5 -34.0 67.4 29
Consolidated governments; total time and savings deposits; asset 17.6 9.6 -6.8 15.0 22.1 16.3 34.0 3.5 36.3 41.7 6.9 30
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset -3.3 8.7 7.7 -3.3 -7.2 -9.3 -4.4 -3.9 -4.5 -6.3 -13.9 31
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset -15.7 -4.0 -5.2 -8.3 -5.6 -7.4 -3.5 -3.1 -3.6 -5.0 -11.0 32
Consolidated governments; credit market instruments; asset -58.4 197.4 126.1 -38.6 50.6 -81.3 -113.9 -23.0 72.3 133.1 19.9 33
State and local governments, excluding employee retirement funds; commercial paper; asset -81.9 -73.4 60.1 23.9 -6.1 -8.0 16.2 -3.4 -3.9 -5.4 -11.9 34
Consolidated governments; agency- and GSE-backed securities; asset 18.3 110.2 -63.2 -165.1 -42.5 -183.5 -212.8 -161.7 -20.9 19.0 -6.4 35
State and local governments, excluding employee retirement funds; municipal securities and loans; asset -0.1 0.9 0.8 -0.2 -0.6 -0.8 -0.4 -0.3 -0.4 -0.5 -1.2 36
Consolidated governments; corporate and foreign bonds; asset -11.4 3.4 1.8 -7.0 -7.8 -10.2 -4.8 -4.3 -4.9 -7.1 -15.0 37
Consolidated governments; total mortgages; asset 0.1 16.8 -6.2 -2.8 -5.8 -12.4 -0.6 -0.7 -4.2 -5.0 -13.4 38
Federal government; consumer credit, student loans; asset 11.3 74.3 130.2 108.7 109.4 127.5 74.4 135.8 99.0 135.5 67.2 39
Consolidated governments; other loans and advances; asset 5.2 65.2 2.7 4.0 4.1 6.0 14.1 11.6 7.4 -3.3 0.6 40
Consolidated governments; corporate equities; asset 263.9 11.0 8.4 33.7 -27.3 42.1 13.3 -57.6 -10.3 -29.4 -11.8 41
State and local governments, excluding employee retirement funds; mutual fund shares; asset 15.6 -8.0 -5.0 -2.0 -7.3 21.2 -18.5 -19.5 4.0 -10.1 -3.5 42
Consolidated governments; trade receivables; asset -18.1 -39.7 -20.0 -4.9 1.9 6.2 6.8 -5.2 6.9 6.1 -0.2 43
Consolidated governments; taxes receivable; asset -59.8 29.2 29.9 36.5 47.6 62.7 -2.1 81.5 25.4 48.4 35.2 44
Consolidated governments; total miscellaneous assets 60.3 65.5 -15.7 -57.3 -61.0 -44.8 -51.3 7.1 -32.8 -122.5 -96.0 45
Consolidated governments; total liabilities 1469.2 1651.8 1794.8 1234.6 1243.9 1921.7 1526.4 1533.1 1390.5 819.4 1232.5 46
Federal government; special drawing rights (SDRs) allocations; liability 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47
Monetary authority; SDR certificates issued by federal government; asset 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48
Federal government; Treasury currency; liability -0.8 -0.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49
Consolidated governments; credit market instruments; liability 1317.8 1535.6 1657.4 1067.8 1142.9 1391.7 1281.2 1437.5 1249.1 694.3 1190.6 50
Federal government; U.S. savings bonds; liability -2.4 -2.8 -3.3 -2.7 -2.8 -2.7 -0.1 -1.5 -2.4 -2.2 -4.9 51
Federal government; Treasury securities, excluding U.S. savings bonds and Treasury securities held by state and local governments; liability 1302.9 1426.0 1591.4 1123.0 1151.7 1398.0 1318.8 1443.9 1159.3 699.2 1304.3 52
Federal government; budget agency securities; liability 0.2 0.1 0.7 1.1 -0.4 1.9 1.1 -3.3 0.1 -0.3 1.9 53
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 17.1 112.2 68.7 -53.6 -5.7 -5.6 -38.6 -1.6 92.0 -2.4 -110.7 54
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 55
Consolidated governments; trade payables; liability 61.8 -16.5 46.2 62.6 55.2 59.6 67.6 58.3 22.0 61.9 78.7 56
Federal government; life insurance reserves; liability 1.0 1.1 0.9 1.3 0.3 1.2 1.9 0.5 1.5 -0.2 -0.5 57
Federal government; total miscellaneous liabilities, including nonmarketable government securities held by federal government retirement funds 89.5 81.4 90.6 102.9 45.5 469.2 175.6 36.8 118.0 63.4 -36.4 58
Consolidated governments; sector discrepancy 67.4 -66.5 -93.4 -25.5 -139.3 687.1 25.9 357.0 -181.6 -571.9 -161.0 59
Consolidated governments; net government saving less fixed investment -1182.9 -1849.5 -1903.2 -1819.6 -1693.0 -1826.8 -1779.6 -1654.0 -1712.5 -1701.7 -1703.8 60
Consolidated governments; adjustment between NIPA and FOF 241.7 364.2 383.9 331.2 466.5 -382.4 290.4 -25.2 517.2 907.6 466.6 61
Consolidated governments; items to be financed -941.2 -1485.3 -1519.3 -1488.4 -1226.5 -2209.3 -1489.2 -1679.2 -1195.3 -794.2 -1237.3 62


Release dates | Announcements | Coded tables | Historical data | Technical Q&As
Current release | Screen reader | PDF (450 KB) | Data Download Program (DDP)

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