S1311.i.a Federal government 🕮 PDF
Line Description Series 2017 2018 2019 2020 2021 2022 2023 2024
Current account
Line 1 Gross value added FA316902505 772.8 803.1 823.8 867.5 911.1 957.5 1010.0 1071.7
Line 2 Less: Consumption of fixed capital FA316300001 280.2 290.1 298.9 309.9 327.9 357.0 375.2 393.4
Line 3 Equals: Net value added FA316902605 492.6 513.0 525.0 557.6 583.1 600.5 634.9 678.4
Line 4 Compensation of employees (paid) FA316025001 489.5 509.6 523.6 552.3 575.7 596.3 637.7 680.2
Line 5 Wages and salaries FA316020001 344.1 357.3 365.5 381.7 392.9 404.7 432.0 456.9
Line 6 Employers' social contributions FA316401005 145.4 152.4 158.1 170.6 182.9 191.6 205.6 223.3
Line 7 Operating surplus, net FA316402101 3.1 3.3 1.4 5.3 7.4 4.1 -2.8 -1.8
Line 8 Net national income/Balance of primary incomes, net FA316140005 -262.6 -314.9 -363.2 -939.6 -868.4 -547.4 -820.5 -956.7
Line 9 Operating surplus, net FA316402101 3.1 3.3 1.4 5.3 7.4 4.1 -2.8 -1.8
Line 10 Taxes on production and imports, receivable FA316240001 131.4 163.5 174.9 155.3 180.6 201.7 177.0 185.1
Line 11 Subsidies (paid) FA316402015 -59.3 -62.7 -72.4 -697.9 -623.0 -127.3 -101.6 -93.5
Line 12 Property income (received) FA316150195 138.9 121.7 110.0 118.6 140.1 98.3 45.3 72.7
Line 13 Interest FA316130101 29.2 34.8 37.8 26.1 21.9 21.9 30.4 58.9
Line 14 Distributed income of corporations (dividends) FA316121185 103.7 79.0 63.8 87.0 109.2 59.6 0.1 0.1
Line 15 Rents on land and natural resources FA316112101 6.1 7.9 8.3 5.4 9.1 16.8 14.8 13.6
Line 16 Less: Uses of property income (interest paid) FA316130095 476.7 540.6 577.2 520.9 573.6 724.2 938.4 1119.1
Line 17 Net national income/Balance of primary incomes, net FA316140005 -262.6 -314.9 -363.2 -939.6 -868.4 -547.4 -820.5 -956.7
Line 18 Plus: Current taxes on income, wealth, etc. (received) FA316220001 1868.4 1865.0 1938.1 1993.9 2494.5 3051.2 2741.1 2933.8
Line 19 Plus: Social benefits (received) FA316601001 1284.3 1346.6 1409.5 1434.9 1542.8 1687.2 1785.0 1902.7
Line 20 Less: Social contributions (paid) FA316404001 2119.6 2217.6 2352.0 3405.8 3691.5 3021.8 3116.7 3350.0
Line 21 Plus: Other current transfers (received) FA316403105 77.6 83.0 70.5 58.7 63.6 72.9 75.3 86.4
Line 22 Less: Other current transfers (paid) FA316403001 606.4 634.1 659.4 931.9 1172.4 1041.1 1041.6 1049.2
Line 23 Equals: Disposable income, net FA316012005 241.7 128.0 43.5 -1789.7 -1631.3 201.2 -377.4 -433.0
Line 24 Less: Final consumption expenditures FA316901001 978.5 1034.4 1087.2 1158.7 1223.6 1230.5 1339.7 1441.5
Line 25 Equals: Net saving FA316006085 -736.8 -906.4 -1043.8 -2948.4 -2855.0 -1029.4 -1717.1 -1874.5
 
Capital account
Line 26 Net saving less capital transfers FA316006385 -572.3 -967.0 -1122.8 -3021.9 -2971.1 -1216.4 -1967.6 -2049.1
Line 27 Net saving FA316006085 -736.8 -906.4 -1043.8 -2948.4 -2855.0 -1029.4 -1717.1 -1874.5
Line 28 Less: Capital transfers paid (net) FA315440005 -164.5 60.6 79.0 73.4 116.1 187.0 250.5 174.6
Line 29 Capital formation, net FA315050905 5.1 20.1 31.5 53.1 43.8 -55.2 50.1 57.1
Line 30 Gross fixed capital formation (acquisition of produced nonfinancial assets) FA315019001 287.6 311.9 332.3 365.9 380.8 410.0 426.0 450.9
Line 31 Less: Consumption of fixed capital FA316300001 280.2 290.1 298.9 309.9 327.9 357.0 375.2 393.4
Line 32 Acquisition of nonproduced nonfinancial assets FA315420003 -2.2 -1.6 -1.9 -2.9 -9.0 -108.2 -0.8 -0.4
Line 33 Net lending (+) or borrowing (-), capital account (lines 26-29) FA315000995 -577.4 -987.2 -1154.3 -3075.0 -3014.9 -1161.2 -2017.7 -2106.2
 
Financial account
Line 34 Net lending (+) or borrowing (-) (line 33) FA315000995 -577.4 -987.2 -1154.3 -3075.0 -3014.9 -1161.2 -2017.7 -2106.2
Line 35 Net acquisition of financial assets FA314090005 114.7 324.4 72.3 1726.2 -1184.9 176.7 269.8 74.8
Line 36 Monetary gold and SDRs FA313011105 0.1 0.2 0.2 0.1 113.7 5.0 4.6 5.1
Line 37 Monetary gold FA313011203 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 38 SDR holdings FA313011303 0.1 0.2 0.2 0.1 113.7 5.0 4.6 5.1
Line 39 Currency and deposits FA314000005 -171.6 178.5 5.6 1333.8 -1321.7 45.0 325.2 -39.9
Line 40 Currency and transferable deposits FA313020005 -170.2 173.5 1.0 1326.3 -1323.6 42.6 321.2 -50.9
Line 41 Time and savings deposits FA313030003 0.4 0.1 0.3 -1.3 1.1 -1.0 0.1 0.3
Line 42 Other deposits FA313030505 -1.8 4.8 4.3 8.8 0.8 3.3 3.8 10.8
Line 43 Debt securities FA314022005 0.0 0.0 0.1 0.1 -0.0 0.0 -0.0 -0.1
Line 44 Agency- and GSE-backed securities FA313061703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 45 Corporate and foreign bonds FA313063005 0.0 0.0 0.1 0.1 -0.0 0.0 -0.0 -0.1
Line 46 Loans FA314035005 95.7 99.2 93.6 254.1 177.9 155.5 -39.8 105.1
Line 47 Short-term FA314041005 95.6 95.7 93.0 250.7 171.9 142.1 -47.9 97.2
Line 48 Repurchase agreements (official reserves) FA313011545 0.0 0.0 0.0 -0.0 0.0 0.0 -0.0 1.9
Line 49 Consumer credit FA313066220 96.3 90.7 83.0 61.7 55.4 51.0 -25.1 55.8
Line 50 Other loans and advances FA313069005 -0.7 5.0 10.0 189.0 116.6 91.2 -22.8 39.6
Line 51 Long-term (mortgages) FA313065005 0.1 3.4 0.7 3.4 6.0 13.4 8.1 7.9
Line 52 Equity and investment fund shares FA313081105 1.4 5.3 1.4 115.8 -91.5 -3.5 -6.2 -1.7
Line 53 Corporate equities FA313064105 -0.1 4.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 54 Equity in international organizations FA313092803 1.5 1.3 1.4 1.8 1.2 2.4 1.8 2.2
Line 55 Equity in government-sponsored enterprises(2) FA313092403 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 56 Equity investment under Public-Private Inv. Program FA313094303 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 57 Equity investment in Federal Reserve facilities FA313094205 0.0 0.0 0.0 114.0 -92.7 -5.9 -8.0 -3.9
Line 58 Other accounts receivable FA313096005 189.0 41.3 -28.6 22.4 -63.2 -25.3 -14.0 6.2
Line 59 Trade receivables FA313070000 0.1 10.4 -1.9 11.3 10.6 -0.1 12.8 7.6
Line 60 Taxes receivable FA313078000 188.9 30.9 -26.7 11.1 -73.8 -25.2 -26.9 -1.5
Line 61 Net incurrence of liabilities FA314190005 635.6 1295.0 1185.0 5022.0 1450.2 1342.1 2576.9 2200.0
Line 62 SDR allocations FA313111303 0.0 0.0 0.0 0.0 112.8 0.0 0.0 0.0
Line 63 Currency and deposits FA314100005 0.8 0.4 0.3 0.4 0.4 1.2 0.3 0.1
Line 64 Debt securities FA314122005 554.3 1130.2 1061.0 4316.2 1611.0 1287.5 2382.0 1913.2
Line 65 Treasury securities FA313161105 554.4 1131.6 1062.7 4317.3 1611.4 1287.4 2381.6 1912.9
Line 66 Federal agency securities FA313161705 -0.1 -1.5 -1.7 -1.0 -0.4 0.0 0.4 0.3
Line 67 Loans FA314135005 44.3 127.9 113.9 264.9 72.5 259.4 238.5 231.7
Line 68 Insurance, pension and standardized guarantee schemes FA313152005 15.3 -39.1 -27.3 -23.4 -69.4 -121.5 -153.1 -136.9
Line 69 Insurance reserves FA313140003 -0.2 0.2 0.9 0.2 0.3 0.4 1.3 2.2
Line 70 Retiree Health Care Funds FA313195105 9.6 13.9 14.4 8.2 21.4 38.5 29.8 25.8
Line 71 Claims of pension fund on sponsor FA343073045 6.0 -53.2 -42.6 -31.9 -91.1 -160.3 -184.2 -164.8
Line 72 Other accounts payable FA313196005 20.7 75.6 37.2 463.9 -277.1 -84.5 109.2 191.9
Line 73 Gold certificates FA713011203 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 74 SDR certificates FA713014003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.0
Line 75 Trade payables FA313170005 17.5 74.0 33.3 35.0 57.8 -9.7 86.3 166.8
Line 76 PPP subsidies payable FA313172003 0.0 0.0 0.0 432.7 -332.6 -97.1 -3.0 0.0
Line 77 Tariff refund payable FA313190605 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 78 Other (miscellaneous liabilities) FA313193005 3.2 1.6 3.9 -3.8 -2.3 22.3 25.9 15.0
 
Addendum:
Line 79 Net lending (+) or borrowing (-), financial account (lines 35-61) FA315000005 -520.9 -970.6 -1112.7 -3295.8 -2635.1 -1165.5 -2307.0 -2125.2
 
Other changes in volume account
Line 80 Total other volume changes FV318090185 129.3 -0.2 -47.9 -162.6 553.1 121.9 -371.1 57.9
Line 81 Disaster losses FV312010095 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 82 Other volume changes FV318090085 72.8 -16.8 -89.4 58.3 173.3 126.2 -81.8 76.9
Line 83 Less: Statistical discrepancy (lines 33-79)(3) FU317005045 -56.5 -16.6 -41.6 220.9 -379.8 4.3 289.4 19.0
 
Revaluation account
Line 84 Nonfinancial assets FR312010095 90.1 102.8 46.1 83.9 287.8 282.1 77.3 82.3
Line 85 Structures FR315015605 57.0 68.4 39.0 53.0 203.9 196.9 42.2 30.7
Line 86 Equipment FR315013265 7.5 12.5 7.2 5.8 41.8 40.3 26.7 18.2
Line 87 Intellectual property products FR315013765 25.6 21.9 -0.1 25.1 42.1 44.8 8.4 33.3
Line 88 Financial assets FR314090005 34.8 6.5 60.3 118.4 67.9 -1.6 98.4 201.0
Line 89 Monetary gold and SDRs FR313011105 40.8 -4.4 61.4 99.6 -24.4 -6.0 70.5 134.0
Line 90 Currency and deposits FR314000005 3.2 0.8 1.1 0.4 -0.1 0.1 0.0 -0.5
Line 91 Debt securities (foreign bonds) FR313063005 -2.1 -1.3 -1.2 1.0 -0.9 -1.8 0.2 -0.3
Line 92 Loans (short-term) FR314041005 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1
Line 93 Corporate equities FR313064105 -7.1 11.3 -0.9 17.4 93.3 6.1 27.6 67.8
Line 94 Equity investment under Public-Private Inv. Program FR313094303 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 95 Liabilities FR314190005 -0.9 -3.0 -4.2 6.1 -0.7 -30.2 -24.6 -19.3
Line 96 SDR allocations FR313111303 2.8 -1.2 -0.3 2.0 -2.9 -7.9 1.2 -4.3
Line 97 Other accounts payable FR313190015 -3.7 -1.8 -3.9 4.0 2.3 -22.3 -25.9 -15.0
Line 98 Changes in net worth due to nominal holding gains/losses FR312090095 125.8 112.3 110.6 196.2 356.3 310.7 200.3 302.6
 
Changes in balance sheet account
Line 99 Change in net worth (lines 29+33+80+98) FC312090095 -317.2 -854.9 -1060.1 -2988.2 -2061.6 -783.8 -2138.4 -1688.5
 
Balance sheet account (end of period)
Line 100 Total assets FL312000095 6179.0 6633.0 6790.0 8825.5 8213.5 8734.1 9138.4 9593.6
Line 101 Nonfinancial assets(4) LM312010095 3422.7 3547.2 3626.7 3766.5 4107.1 4442.1 4570.2 4710.1
Line 102 Structures LM315015605 1603.3 1663.1 1696.3 1746.8 1942.6 2131.0 2168.8 2196.4
Line 103 Equipment LM315013265 765.9 790.3 817.8 846.6 904.9 952.6 990.5 1023.6
Line 104 Intellectual property products LM315013765 1053.5 1093.8 1112.6 1173.1 1259.6 1358.5 1410.9 1490.1
Line 105 Financial assets FL314090005 2756.3 3085.8 3163.3 5059.0 4106.4 4291.9 4568.2 4883.6
Line 106 Monetary gold and SDRs FL313011105 389.5 385.3 446.9 546.5 635.9 634.8 710.0 849.2
Line 107 Monetary gold LM313011203 337.6 334.5 396.1 493.6 472.2 474.3 543.5 682.3
Line 108 SDR holdings LM313011303 51.9 50.8 50.7 52.9 163.6 160.5 166.5 166.9
Line 109 Currency and deposits FL314000005 267.1 446.4 453.1 1787.3 504.0 549.1 875.1 831.8
Line 110 Currency and transferable deposits FL313020005 232.0 405.9 407.2 1732.1 410.3 454.7 776.0 724.8
Line 111 Time and savings deposits FL313030003 1.9 2.0 2.3 1.0 2.1 1.1 1.2 1.5
Line 112 Other deposits FL313030505 33.3 38.5 43.6 54.2 91.6 93.3 97.8 105.6
Line 113 Debt securities FL314022005 8.5 7.2 6.1 7.2 6.2 4.4 3.9 6.5
Line 114 Agency- and GSE-backed securities FL313061703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 115 Corporate and foreign bonds FL313063005 8.5 7.2 6.1 7.2 6.2 4.4 3.9 6.5
Line 116 Loans FL314035005 1433.1 1532.3 1625.9 1879.9 2057.9 2234.8 2150.7 2255.8
Line 117 Short-term FL314041005 1313.4 1409.1 1502.1 1752.8 1924.7 2066.9 1974.7 2071.9
Line 118 Repurchase agreements (official reserves) LM313011545 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8
Line 119 Consumer credit FL313066220 1145.6 1236.3 1319.2 1381.0 1436.4 1487.3 1462.2 1518.0
Line 120 Other loans and advances FL313069005 167.8 172.9 182.8 371.8 488.4 579.5 512.5 552.1
Line 121 Long-term (mortgages) FL313065005 119.7 123.1 123.8 127.1 133.1 167.9 176.0 183.9
Line 122 Equity and investment fund shares FL313081105 161.2 177.8 178.2 311.5 313.2 315.8 337.3 403.4
Line 123 Corporate equities LM313064105 96.4 111.7 110.8 128.2 221.5 227.6 255.2 323.0
Line 124 Equity in international organizations FL313092803 64.8 66.1 67.5 69.3 70.5 72.9 74.7 77.0
Line 125 Equity in government-sponsored enterprises(2) FL313092403 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 126 Equity investment under Public-Private Inv. Program LM313094303 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 127 Equity investment in Federal Reserves facilities FL313094205 0.0 0.0 0.0 114.0 21.3 15.4 7.4 3.5
Line 128 Other accounts receivable FL313096005 496.9 536.8 453.2 526.6 589.3 553.0 491.2 536.9
Line 129 Trade receivables FL313070000 65.0 75.4 73.5 84.9 95.5 95.4 108.2 115.8
Line 130 Taxes receivable FL313078000 431.9 461.4 379.7 441.8 493.8 457.6 383.0 421.1
Line 131 Total liabilities and net worth FL312000095 6179.0 6633.0 6790.0 8825.5 8213.5 8734.1 9138.4 9593.6
Line 132 Liabilities FL314190005 19064.4 20373.4 21590.5 26614.2 28063.8 29368.1 31910.9 34054.7
Line 133 SDR allocations FL313111303 50.3 49.1 48.8 50.9 160.8 152.9 154.1 149.8
Line 134 Currency and deposits FL314100005 49.4 49.8 50.1 50.5 50.8 52.0 52.4 52.5
Line 135 Debt securities FL314122005 14459.0 15589.2 16650.1 20966.4 22577.3 23864.8 26246.7 28159.9
Line 136 Treasury securities FL313161105 14434.6 15566.2 16628.9 20946.2 22557.5 23845.0 26226.6 28139.5
Line 137 Federal agency securities FL313161705 24.4 22.9 21.2 20.2 19.8 19.8 20.2 20.5
Line 138 Loans FL314135005 2148.0 2275.9 2389.8 2654.7 2727.2 2986.6 3225.1 3456.8
Line 139 Insurance, pension and standardized guarantee schemes FL313152005 2033.2 2011.1 2020.1 1992.3 1923.0 1793.9 1631.4 1457.6
Line 140 Insurance reserves FL313140003 51.1 51.3 52.2 52.4 52.6 53.0 54.3 56.5
Line 141 Retiree Health Care Funds FL313195105 287.1 301.0 315.4 323.6 345.1 383.6 413.4 439.1
Line 142 Claims of pension fund on sponsor FL343073045 1695.0 1658.8 1652.5 1616.3 1525.3 1357.3 1163.7 962.0
Line 143 Other accounts payable FL313196005 324.6 398.3 431.6 899.6 624.8 517.9 601.2 778.1
Line 144 Gold certificates FL713011203 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0
Line 145 SDR certificates FL713014003 5.2 5.2 5.2 5.2 5.2 5.2 5.2 15.2
Line 146 Trade payables FL313170005 308.2 382.3 415.5 450.6 508.4 498.7 585.0 751.8
Line 147 PPP subsidies payable FL313172003 0.0 0.0 0.0 432.7 100.1 3.0 0.0 0.0
Line 148 Tariff refund payable FL313190605 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 149 Other (miscellaneous liabilities) FL313193013 0.1 -0.2 -0.2 0.0 0.0 0.0 0.0 0.0
Line 150 Net worth FL312090095 -12885.5 -13740.4 -14800.4 -17788.7 -19850.3 -20634.1 -22772.5 -24461.0

Notes:

  1. The federal government sector excludes federal government employee pension funds.
  2. Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.
  3. The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
  4. Excludes land and nonproduced nonfinancial assets.
Last Update: September 11, 2026