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: September 16, 2004
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
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Consolidated federal, state and local governments 2895.0 3126.0 3113.2 2954.8 3032.0 3012.0 3042.1 2984.9 3089.3 3119.9 3175.3 1
Consolidated federal, state and local governments 1107.5 1235.7 1237.3 1051.2 1001.9 1025.7 1030.7 941.7 1009.4 1006.6 1029.4 2
Consolidated federal, state and local governments national income, taxes on production and imports (NIPA) 674.0 708.9 728.6 762.6 798.1 783.5 792.9 802.0 813.9 823.3 833.3 3
Consolidated federal, state and local governments profit tax accruals 248.7 255.0 195.0 174.6 225.8 215.0 216.1 229.7 242.5 246.4 258.7 4
Federal government taxes from the rest of the world (NIPA) 5.9 7.3 7.2 7.1 8.1 6.7 9.9 7.8 7.9 8.6 8.3 5
Consolidated federal, state and local governments 661.4 702.7 731.2 748.3 773.3 762.4 768.9 776.7 785.0 803.9 812.6 6
Consolidated federal, state and local governments 106.8 117.5 113.7 102.0 104.0 100.3 103.4 104.9 107.3 105.1 105.3 7
Consolidated federal, state and local governments 80.6 93.7 101.8 106.3 111.5 108.1 110.4 112.7 114.6 118.0 120.3 8
Consolidated federal, state and local governments national income, current surplus of government enterprises (NIPA) 10.1 5.3 -1.4 2.8 9.5 10.3 9.8 9.3 8.7 8.1 7.5 9
Consolidated federal, state and local governments 2741.0 2886.6 3061.6 3234.2 3399.7 3342.4 3412.0 3411.4 3433.0 3499.2 3541.9 10
Consolidated federal, state and local governments consumption expenditures (NIPA) 1334.0 1417.1 1501.6 1609.2 1717.1 1689.1 1717.5 1724.0 1737.6 1770.9 1791.5 11
Consolidated federal, state and local governments 990.4 1044.1 1146.6 1251.6 1309.2 1285.0 1306.9 1320.2 1324.8 1352.5 1373.7 12
Consolidated federal, state and local governments 15.1 18.3 14.0 18.8 23.7 25.1 25.2 23.6 20.8 33.7 22.8 13
Consolidated federal, state and local governments 357.3 362.8 344.1 316.4 303.0 301.8 305.8 299.0 305.4 303.1 313.0 14
Consolidated federal, state and local governments national income, subsidies (a subtracted item; NIPA) 44.2 44.3 55.3 38.2 46.7 42.8 55.2 44.5 44.4 40.4 39.4 15
Consolidated federal, state and local governments 0.0 0.0 0.0 0.0 0.0 1.4 -1.4 0.0 0.0 1.5 -1.5 16
Consolidated federal, state and local governments net government saving (NIPA) 154.1 239.4 51.6 -279.5 -367.7 -330.4 -369.9 -426.5 -343.8 -379.2 -366.6 17
Consolidated federal, state and local governments consumption of fixed capital (NIPA) 187.0 197.0 206.0 211.2 218.1 215.7 217.3 219.0 220.4 222.6 226.8 18
Federal government insurance and pension reserves 3.8 1.8 3.3 -1.7 -0.6 -3.0 -5.3 -2.7 8.5 1.3 -7.0 19
Consolidated federal, state and local government net capital transfers received by government (NIPA)s 32.5 35.6 35.7 28.8 11.6 15.0 7.1 11.8 12.3 13.8 12.5 20
Consolidated federal, state and local governments gross saving 369.7 470.3 290.0 -37.7 -137.4 -96.8 -140.2 -193.0 -119.6 -144.1 -120.3 21
Consolidated federal, state and local governments gross investment 442.2 565.6 289.5 -28.9 -124.9 61.5 -509.9 10.3 -61.6 -271.6 -186.7 22
Consolidated federal, state and local governments fixed gross investment, total (NIPA) 286.8 304.6 324.0 347.5 358.5 352.3 356.7 362.5 362.4 368.6 383.2 23
Nonproducednonfinancialassets 7.7 8.5 8.6 10.0 9.7 7.2 8.9 13.4 9.3 10.0 9.3 24
Consolidated federal, state and local governments net financial investment 147.7 252.5 -43.0 -386.4 -493.1 -298.0 -875.5 -365.6 -433.3 -650.2 -579.2 25
Consolidated federal, state and local governments total financial assets 158.2 33.7 99.0 56.7 73.7 20.4 96.5 69.2 108.8 32.7 -11.3 26
Federal government gold, SDRs, and official foreign exchange asset -7.1 -0.6 4.6 8.8 -0.8 0.1 0.5 5.6 -9.5 -2.5 -6.0 27
Consolidated federal, state and local governments checkable deposits and currency asset 70.1 -64.1 46.2 -10.2 16.7 -25.2 0.2 34.3 57.5 -49.0 -16.0 28
Consolidated federal, state and local governments total time and savings deposits asset 14.0 14.0 15.4 24.8 -15.6 -32.0 51.2 -63.4 -18.1 6.3 52.8 29
State and local governments, excluding employee retirement funds money market fund shares asset 5.1 6.5 19.7 2.3 -9.4 -6.8 -11.1 -18.5 -1.1 -3.6 -9.0 30
State and local governments, excluding employee retirement funds federal funds transactions and loans made under security repurchase agreements asset -2.6 8.2 -22.2 -4.9 8.0 3.0 11.6 6.3 11.3 16.0 -18.0 31
Consolidated federal, state and local governments credit market instruments, excluding corporate equities asset 83.9 31.0 71.5 19.7 46.7 -0.1 63.5 58.6 65.1 31.4 16.2 32
State and local governments, excluding employee retirement funds commercial paper asset 17.3 17.8 -13.5 5.7 10.5 3.9 15.2 8.2 14.7 7.8 7.9 33
Consolidated federal, state and local governments u.s. government agency securities asset 43.7 1.7 55.4 3.0 22.9 8.4 33.1 17.8 32.0 7.0 9.1 34
State and local governments, excluding employee retirement funds municipal securities and loans asset 0.3 0.3 0.2 0.1 0.3 0.1 0.4 0.2 0.4 0.2 0.2 35
State and local governments, excluding employee retirement funds corporate and foreign bonds asset 11.5 -3.3 25.6 8.2 7.2 2.7 10.5 5.7 10.2 5.4 5.4 36
Consolidated federal, state and local governments total mortgages asset 4.3 1.0 -3.1 -5.9 6.2 -6.2 12.8 5.2 12.9 14.4 0.1 37
Federal government consumer credit (student loans) asset 13.6 16.1 13.1 12.7 1.3 -8.6 -5.9 24.8 -5.0 -0.9 -5.0 38
Federal government commercial paper asset -6.8 -2.6 -6.2 -4.1 -1.6 -0.4 -2.6 -3.4 -0.2 -2.5 -1.5 39
State and local governments, excluding employee retirement funds corporate equities asset 3.5 -1.2 22.8 7.9 -6.2 -7.7 -6.5 -3.6 -6.9 -3.6 -5.4 40
State and local governments, excluding employee retirement funds mutual fund share holdings asset -0.7 3.7 7.7 8.9 -12.7 13.6 -26.3 -10.2 -27.8 -20.1 -23.1 41
Federal government trade receivables asset 4.6 5.3 7.3 -3.3 3.7 -10.3 4.3 8.3 12.5 3.1 -6.5 42
Consolidated federal, state and local governments taxes receivable by governments asset 12.1 -6.7 -7.0 1.0 44.3 69.0 34.8 33.6 39.8 31.5 -5.9 43
Consolidated federal, state and local governments total miscellaneous financial claims asset -33.2 30.1 -72.0 0.1 -9.3 13.9 -37.7 12.0 -25.5 17.1 3.5 44
Consolidated federal, state and local governments total financial liabilities 10.5 -218.9 142.0 443.1 566.8 318.4 972.0 434.8 542.0 682.9 567.9 45
Monetary authority SDR certificates issued by federal government asset -3.0 -4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46
Federal government treasury currency liability 1.0 2.4 1.3 1.0 0.6 0.6 1.6 0.1 -0.0 0.8 1.2 47
Consolidated federal, state and local governments credit  market instruments liability -55.8 -273.4 57.8 388.8 506.3 290.3 906.3 371.7 456.7 608.5 500.8 48
Federal government u.s. savings bonds liability -0.2 -1.7 5.6 4.5 8.9 9.1 10.0 9.8 6.8 3.5 1.7 49
Federal government total treasury securities, excluding u.s. savings bonds liability -94.3 -287.2 -52.8 240.4 382.2 183.6 730.0 253.0 362.3 455.4 428.7 50
Federal government u.s. government agency securities liability -0.2 -1.0 -0.5 0.5 -2.4 -1.6 0.5 0.1 -8.6 1.1 -3.6 51
State and local governments, excluding employee retirement funds municipal securities and loans (total) liability 38.9 16.5 105.5 143.4 117.5 99.1 165.8 108.9 96.3 148.5 74.1 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 28.7 31.8 28.6 25.8 28.2 33.6 23.0 26.0 30.2 32.1 34.8 54
Federal government life insurance reserves liability 1.4 1.4 1.4 1.6 1.1 0.1 1.7 0.5 2.2 -0.0 1.9 55
Federal government total miscellaneous liabilities (including nonmarketable government securities held by pension funds) 38.2 22.9 53.0 26.0 30.7 -6.0 39.4 36.5 52.9 41.5 29.2 56
Consolidated federal, state and local governments sector discrepancy -72.5 -95.3 0.5 -8.8 -12.5 -158.3 369.7 -203.3 -58.1 127.5 66.4 57
Consolidated federal, state and local governments financing gap -132.7 -65.1 -272.4 -626.9 -726.1 -682.7 -726.6 -789.0 -706.2 -747.8 -749.8 58
Consolidated federal, state and local governments financing gap 280.4 317.7 229.3 250.2 243.3 422.7 -148.4 427.8 270.9 97.4 169.7 59
Consolidated federal, state and local governments financing gap 147.7 252.5 -43.0 -376.7 -482.9 -260.0 -875.0 -361.2 -435.2 -650.4 -580.1 60

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


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Current release | Screen reader | PDF (450 KB)

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