The Federal Debt-Limit Standoff of 2013 in the Financial Accounts of the United States, Financial Accounts Tables
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F.105 Federal Government
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Descriptions: | 2009 | 2010 | 2011 | 2012 | 2013 | 2012q3 | 2012q4 | 2013q1 | 2013q2 | 2013q3 | 2013q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Current receipts, NIPA basis | 2230.1 | 2391.7 | 2516.7 | 2663.0 | 3037.9 | 2656.6 | 2709.0 | 2900.1 | 3166.9 | 2975.8 | 3108.7 |
| 2 | Personal current taxes | 857.2 | 893.8 | 1077.0 | 1149.2 | 1282.8 | 1147.2 | 1194.0 | 1252.0 | 1275.7 | 1292.0 | 1311.5 |
| 3 | Taxes on production and imports | 91.4 | 96.8 | 108.6 | 118.0 | 120.3 | 118.2 | 118.0 | 118.8 | 118.6 | 119.3 | 124.5 |
| 4 | Taxes on corporate income | 200.4 | 298.7 | 294.2 | 351.0 | 326.1 | 356.1 | 347.9 | 321.0 | 328.7 | 329.3 | 325.5 |
| 5 | Taxes from the rest of the world | 14.8 | 15.7 | 16.3 | 17.8 | 20.0 | 17.1 | 19.9 | 19.2 | 19.4 | 20.0 | 21.5 |
| 6 | Contributions for government social insurance | 950.8 | 970.9 | 904.3 | 937.8 | 1093.9 | 934.6 | 955.3 | 1081.7 | 1091.2 | 1096.7 | 1106.0 |
| 7 | Income receipts on assets | 48.5 | 54.6 | 57.4 | 52.9 | 164.6 | 52.2 | 53.3 | 74.1 | 299.6 | 93.4 | 191.3 |
| 8 | Current transfer receipts | 66.2 | 64.4 | 66.1 | 49.7 | 54.5 | 45.6 | 38.4 | 53.9 | 57.4 | 51.0 | 55.5 |
| 9 | Current surplus of government enterprises | 0.7 | -3.1 | -7.3 | -13.4 | -24.4 | -14.4 | -17.8 | -20.6 | -23.8 | -25.9 | -27.2 |
| 10 | Current expenditures, NIPA basis | 3479.9 | 3721.3 | 3764.9 | 3772.7 | 3792.8 | 3775.8 | 3787.5 | 3753.2 | 3820.1 | 3825.7 | 3772.4 |
| 11 | Consumption expenditures | 933.7 | 1003.9 | 1008.7 | 1011.7 | 970.8 | 1036.1 | 993.9 | 982.3 | 976.0 | 972.4 | 952.6 |
| 12 | Government social benefits | 1624.9 | 1726.6 | 1745.3 | 1790.5 | 1856.8 | 1793.1 | 1812.3 | 1848.1 | 1849.0 | 1862.8 | 1867.2 |
| 13 | Other current transfer payments | 510.7 | 555.9 | 529.0 | 493.1 | 492.9 | 500.0 | 489.3 | 479.2 | 498.1 | 509.2 | 485.3 |
| 14 | Interest payments | 353.6 | 380.6 | 422.6 | 420.6 | 414.4 | 391.1 | 434.7 | 386.1 | 438.4 | 422.7 | 410.1 |
| 15 | Subsidies | 56.9 | 54.3 | 59.4 | 56.8 | 57.9 | 55.6 | 57.3 | 57.5 | 58.5 | 58.6 | 57.1 |
| 16 | Net saving, NIPA basis | -1249.8 | -1329.5 | -1248.3 | -1109.7 | -754.9 | -1119.3 | -1078.5 | -853.1 | -653.1 | -850.0 | -663.7 |
| 17 | + Consumption of fixed capital | 234.5 | 245.3 | 256.5 | 262.3 | 267.6 | 262.9 | 263.7 | 265.6 | 266.8 | 267.8 | 270.0 |
| 18 | - Insurance and pension reserves1 | 0.5 | -1.7 | -0.4 | -1.4 | -1.2 | -1.6 | -1.6 | -1.9 | -0.4 | -2.6 | 0.0 |
| 19 | - Contr. for govt. soc. insur., U.S.-affiliated areas | 5.0 | 4.9 | 4.4 | 4.6 | 5.3 | 4.6 | 4.7 | 5.3 | 5.3 | 5.3 | 5.4 |
| 20 | - Net capital transfers paid2 | 64.4 | 84.8 | 81.4 | 79.9 | 58.8 | 74.0 | 103.5 | 65.8 | 58.4 | 61.5 | 49.5 |
| 21 | = Gross saving less net capital transfers paid | -1085.1 | -1172.2 | -1077.2 | -930.5 | -550.3 | -933.3 | -921.4 | -656.7 | -449.6 | -646.3 | -448.6 |
| 22 | Gross investment | -1023.2 | -1117.8 | -1061.0 | -843.1 | -435.7 | -493.1 | -853.9 | -858.8 | 66.8 | -467.3 | -483.3 |
| 23 | Fixed investment | 284.0 | 300.0 | 295.4 | 284.0 | 275.1 | 286.0 | 281.4 | 272.7 | 276.6 | 278.8 | 272.2 |
| 24 | Nonproduced nonfinancial assets | -8.9 | -1.0 | -0.9 | -1.4 | -0.7 | -1.4 | -1.4 | -0.6 | -0.8 | -1.1 | -0.3 |
| 25 | Net lending (+) or borrowing (-) | -1298.3 | -1416.7 | -1355.5 | -1125.7 | -710.0 | -777.8 | -1133.9 | -1130.9 | -209.0 | -745.0 | -755.2 |
| 26 | Net acq. of financial assets | 237.8 | 281.1 | -154.8 | 116.4 | 174.4 | 94.0 | 175.0 | 139.9 | 208.7 | -85.6 | 434.8 |
| 27 | U.S. official reserve assets | 51.9 | 1.6 | 16.2 | 4.3 | -1.5 | 3.1 | -3.7 | 3.3 | -1.0 | -4.2 | -4.3 |
| 28 | Checkable deposits and currency | -174.2 | 148.9 | -257.6 | 6.7 | 69.6 | -28.1 | 79.4 | -8.6 | 130.6 | -189.0 | 345.4 |
| 29 | Time and savings deposits | 0.3 | 0.1 | -0.3 | 0.2 | -0.5 | -0.4 | -0.4 | -1.3 | 0.5 | 0.3 | -1.4 |
| 30 | Credit market instruments | 309.1 | 83.6 | 19.1 | 105.0 | 123.7 | 114.7 | 94.4 | 165.3 | 125.1 | 105.2 | 99.3 |
| 31 | Agency- and GSE-backed securities | 142.0 | -47.2 | -118.1 | -31.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 32 | Corporate and foreign bonds | 0.6 | 0.3 | -0.1 | -0.2 | -0.1 | -0.4 | -0.1 | -0.2 | -0.1 | -0.1 | 0.0 |
| 33 | Other loans and advances | 66.0 | 3.5 | 4.8 | 2.5 | 6.8 | -8.0 | -2.6 | 10.1 | 8.5 | 3.8 | 4.6 |
| 34 | Mortgages | 12.6 | -6.2 | 4.1 | 1.6 | 4.0 | 2.0 | -4.2 | 7.2 | -0.5 | 3.7 | 5.5 |
| 35 | Consumer credit3 | 87.9 | 133.1 | 128.5 | 132.1 | 113.1 | 121.1 | 101.3 | 148.2 | 117.2 | 97.7 | 89.2 |
| 36 | Corporate equities4 | 0.6 | 24.1 | 40.3 | -13.2 | -4.8 | -9.9 | -5.0 | -5.2 | -2.8 | -10.3 | -1.1 |
| 37 | Trade receivables | -21.1 | -0.7 | 4.8 | 2.6 | 0.1 | 6.2 | -0.3 | -14.1 | 14.4 | -4.5 | 4.6 |
| 38 | Taxes receivable | 35.9 | 27.1 | 20.8 | 11.9 | -19.7 | 8.1 | 10.1 | -2.4 | -46.5 | 1.7 | -31.7 |
| 39 | Miscellaneous assets | 35.4 | -3.5 | 1.9 | -1.0 | 7.6 | 0.1 | 0.5 | 2.7 | -11.6 | 15.3 | 24.0 |
| 40 | Net increase in liabilities | 1536.1 | 1697.8 | 1200.7 | 1242.2 | 884.4 | 871.7 | 1308.9 | 1270.8 | 417.7 | 659.4 | 1189.9 |
| 41 | SDR allocations | 47.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 42 | SDR certificates | 3.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 43 | Treasury currency | -0.4 | -0.3 | 0.0 | 0.0 | -0.4 | 0.0 | 0.0 | 0.0 | 0.0 | -1.4 | 0.0 |
| 44 | Credit market instruments | 1443.9 | 1580.2 | 1067.9 | 1140.2 | 759.1 | 787.7 | 1176.1 | 1168.7 | 299.9 | 174.1 | 1393.6 |
| 45 | U.S. savings securities | -2.8 | -3.3 | -2.7 | -2.8 | -3.3 | -2.5 | -5.0 | -2.5 | -3.7 | -3.3 | -3.6 |
| 46 | Treasury bills | -73.3 | -19.0 | -249.5 | 107.0 | -35.9 | 74.4 | 53.8 | 646.7 | -880.3 | -160.7 | 250.6 |
| 47 | Other Treasury securities | 1519.8 | 1601.8 | 1319.0 | 1036.3 | 798.7 | 716.2 | 1125.3 | 525.5 | 1182.6 | 337.5 | 1149.1 |
| 48 | Budget agency securities | 0.1 | 0.7 | 1.1 | -0.4 | -0.4 | -0.3 | 1.9 | -1.0 | 1.3 | 0.5 | -2.4 |
| 49 | Multifamily residential mortgages | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 50 | Trade payables | -56.2 | 6.3 | 9.4 | 8.0 | 23.5 | 17.0 | 10.2 | 1.8 | 31.1 | 24.8 | 36.4 |
| 51 | Insurance reserves | 1.1 | 0.9 | 1.3 | 0.3 | 0.3 | -0.2 | -0.5 | 0.2 | 0.8 | -0.5 | 0.5 |
| 52 | Miscellaneous liabilities | 97.0 | 110.7 | 122.1 | 93.7 | 102.0 | 67.2 | 123.1 | 100.1 | 86.1 | 462.3 | -240.6 |
| 53 | Nonmarketable securities held by pension plans5 | 61.9 | 65.7 | 70.8 | 40.4 | 98.2 | 45.8 | -86.5 | 229.9 | -272.6 | -110.3 | 545.9 |
| 54 | Claims of pension fund on sponsor | 15.6 | 20.2 | 19.2 | 48.2 | -9.7 | 43.0 | 175.1 | -141.3 | 361.1 | 605.7 | -864.1 |
| 55 | Other | 19.5 | 24.9 | 32.1 | 5.0 | 13.4 | -21.6 | 34.5 | 11.5 | -2.5 | -33.0 | 77.7 |
| 56 | Discrepancy | -61.9 | -54.5 | -16.2 | -87.5 | -114.6 | -440.2 | -67.6 | 202.1 | -516.4 | -179.0 | 34.7 |
| Memo: | ||||||||||||
| 57 | Change in cash balance6 | -173.2 | 148.9 | -258.0 | 7.5 | 69.6 | -24.6 | 24.8 | -54.2 | 227.3 | -185.1 | 290.3 |
1. Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Return to text.
2. Table F.9, line 61 less line 12. Return to text.
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. Return to text.
4. Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at issuance price. Return to text.
5. Nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military
retirement fund, and foreign service retirement and disability fund. Return to text.
6. Time and savings deposits (line 29) plus checkable deposit and currency liabilities of the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8). Return to text.