S1311.i.q Federal government 🕮 PDF
Line Description Series 2024:Q3 2024:Q4 2025:Q1 2025:Q2 2025:Q3 2025:Q4 2026:Q1 2026:Q2
Current account
Line 1 Gross value added FA316902505 1079.8 1092.4 1108.3 1115.5 1127.4 1119.2 1128.0 1136.3
Line 2 Less: Consumption of fixed capital FA316300001 395.9 402.3 408.3 412.8 420.7 428.6 435.7 443.8
Line 3 Equals: Net value added FA316902605 683.9 690.0 699.9 702.7 706.6 690.6 692.3 692.5
Line 4 Compensation of employees (paid) FA316025001 684.6 691.5 700.9 704.4 707.3 692.2 694.8 697.8
Line 5 Operating surplus, net FA316402101 -0.7 -1.5 -1.0 -1.7 -0.6 -1.7 -2.5 -5.2
Line 6 Net national income/Balance of primary incomes, net FA316140005 -974.1 -983.0 -967.2 -824.4 -800.2 -766.7 -813.2 -847.1
Line 7 Operating surplus, net FA316402101 -0.7 -1.5 -1.0 -1.7 -0.6 -1.7 -2.5 -5.2
Line 8 Taxes on production and imports, receivable FA316240001 189.1 189.9 198.6 370.6 434.2 467.3 449.9 429.3
Line 9 Subsidies (paid) FA316402015 -92.1 -94.0 -107.0 -119.2 -123.4 -95.9 -133.9 -127.6
Line 10 Property income received, net FA316150175 -1070.3 -1077.4 -1057.8 -1074.1 -1110.3 -1136.5 -1126.8 -1143.6
Line 11 Net national income/Balance of primary incomes, net FA316140005 -974.1 -983.0 -967.2 -824.4 -800.2 -766.7 -813.2 -847.1
Line 12 Plus: Current taxes on income, wealth, etc. (received) FA316220001 2952.0 3012.2 3047.5 3084.4 3178.4 3238.7 3195.6 3307.5
Line 13 Plus: Social benefits (received) FA316601001 1914.2 1937.6 1974.0 1982.9 2008.5 2020.5 2055.9 2074.4
Line 14 Less: Social contributions (paid) FA316404001 3371.0 3428.2 3563.7 3695.3 3690.6 3724.5 3769.1 3804.3
Line 15 Plus: Other current transfers (received) FA316403105 79.7 96.7 87.3 80.7 84.3 82.6 81.5 71.2
Line 16 Less: Other current transfers (paid) FA316403001 1099.6 1084.0 1016.9 1033.3 1050.3 1037.9 1045.3 1077.0
Line 17 Equals: Disposable income, net FA316012005 -498.7 -448.7 -439.0 -405.0 -270.0 -187.3 -294.6 -275.4
Line 18 Less: Final consumption expenditures FA316901001 1456.8 1485.8 1481.9 1487.6 1516.7 1497.9 1512.5 1509.0
Line 19 Equals: Net saving FA316006085 -1955.5 -1934.5 -1920.9 -1892.6 -1786.6 -1685.2 -1807.2 -1784.4
 
Capital account
Line 20 Net saving less capital transfers FA316006385 -2143.9 -2160.3 -2048.7 -1988.4 -1882.2 -1784.8 -2570.9 -1874.8
Line 21 Net saving FA316006085 -1955.5 -1934.5 -1920.9 -1892.6 -1786.6 -1685.2 -1807.2 -1784.4
Line 22 Less: Capital transfers paid (net) FA315440005 188.3 225.9 127.8 95.8 95.6 99.6 763.7 90.4
Line 23 Capital formation, net FA315050905 64.8 61.9 59.3 56.0 52.1 45.2 38.1 34.4
Line 24 Gross fixed capital formation (acquisition of produced nonfinancial assets) FA315019001 461.0 464.2 467.9 468.8 473.1 474.0 474.3 479.7
Line 25 Less: Consumption of fixed capital FA316300001 395.9 402.3 408.3 412.8 420.7 428.6 435.7 443.8
Line 26 Acquisition of nonproduced nonfinancial assets FA315420003 -0.3 0.0 -0.2 -0.0 -0.3 -0.1 -0.4 -1.6
Line 27 Net lending (+) or borrowing (-), capital account (lines 20-23) FA315000995 -2208.6 -2222.2 -2108.0 -2044.4 -1934.3 -1830.1 -2609.0 -1909.1
 
Financial account
Line 28 Net lending (+) or borrowing (-) (line 27) FA315000995 -2208.6 -2222.2 -2108.0 -2044.4 -1934.3 -1830.1 -2609.0 -1909.1
Line 29 Net acquisition of financial assets FA314090005 479.0 -315.4 -1026.9 25.7 2020.4 432.4 462.0 278.0
Line 30 Monetary gold and SDRs FA313011105 5.9 2.7 1.4 -5.5 1.0 -2.4 -2.2 0.3
Line 31 Monetary gold FA313011203 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 32 SDR holdings FA313011303 5.9 2.7 1.4 -5.5 1.0 -2.4 -2.2 0.3
Line 33 Currency and deposits FA314000005 435.4 -661.7 -1248.3 219.9 1755.4 -89.9 87.9 125.4
Line 34 Currency and transferable deposits FA313020005 424.5 -662.4 -1266.9 204.3 1732.7 -78.6 73.7 113.1
Line 35 Time and savings deposits FA313030003 1.7 -1.4 -0.4 0.3 -0.2 -0.4 0.7 0.9
Line 36 Other deposits FA313030505 9.2 2.1 18.9 15.3 22.9 -10.8 13.5 11.5
Line 37 Debt securities FA314022005 0.0 0.0 0.0 -3.5 -12.5 21.3 -0.0 0.3
Line 38 Agency- and GSE-backed securities FA313061703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 39 Corporate and foreign bonds FA313063005 0.0 0.0 0.0 -3.5 -12.5 21.3 -0.0 0.3
Line 40 Loans FA314035005 103.5 156.8 153.7 89.0 99.8 107.9 138.1 16.8
Line 41 Short-term FA314041005 98.7 147.4 143.9 85.2 84.5 106.5 136.9 10.8
Line 42 Repurchase agreements (official reserves) FA313011545 0.1 7.4 0.0 0.6 1.8 8.1 0.0 0.0
Line 43 Consumer credit FA313066220 82.2 14.6 63.0 86.5 71.6 19.2 95.1 58.5
Line 44 Other loans and advances FA313069005 16.3 125.4 80.9 -1.8 11.1 79.2 41.7 -47.7
Line 45 Long-term (mortgages) FA313065005 4.8 9.4 9.8 3.8 15.4 1.4 1.3 6.0
Line 46 Equity and investment fund shares FA313081105 1.8 -6.2 0.5 0.5 40.9 -3.4 6.5 24.1
Line 47 Corporate equities FA313064105 0.0 0.0 0.1 0.3 37.3 4.1 6.1 18.4
Line 48 Equity in international organizations FA313092803 1.8 0.0 0.4 5.9 0.8 0.0 0.4 3.0
Line 49 Equity in government-sponsored enterprises(2) FA313092403 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 50 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 51 Equity investment in Federal Reserve facilities FA313094205 0.0 -6.2 0.0 -5.7 2.7 -7.5 0.0 2.7
Line 52 Other accounts receivable FA313096005 -67.6 193.0 65.9 -274.8 135.8 398.9 231.6 111.1
Line 53 Trade receivables FA313070000 21.0 -5.6 -3.2 22.8 -17.6 20.0 -19.8 14.3
Line 54 Taxes receivable FA313078000 -88.5 198.7 69.1 -297.5 153.4 378.8 251.4 96.8
Line 55 Net incurrence of liabilities FA314190005 2812.2 2247.4 1272.0 1107.9 4190.5 2031.0 3076.9 1684.4
Line 56 SDR allocations FA313111303 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 57 Currency and deposits FA314100005 0.2 0.1 0.2 0.1 0.5 0.7 0.7 0.7
Line 58 Debt securities FA314122005 2524.1 1967.4 1057.2 923.6 3992.4 1753.2 2126.7 1576.0
Line 59 Treasury securities FA313161105 2523.9 1966.6 1056.2 921.8 3988.7 1753.9 2126.0 1579.4
Line 60 Federal agency securities FA313161705 0.2 0.8 1.0 1.8 3.7 -0.7 0.7 -3.5
Line 61 Loans FA314135005 312.4 405.8 -0.4 -452.4 966.8 928.6 129.1 230.5
Line 62 Insurance, pension and standardized guarantee schemes FA313152005 -155.8 -364.5 135.3 552.8 -869.2 -716.8 8.9 119.9
Line 63 Insurance reserves FA313140003 4.2 0.8 4.5 0.3 4.9 0.5 4.1 1.5
Line 64 Retiree Health Care Funds FA313195105 11.0 47.4 17.8 16.4 24.2 82.5 16.1 227.2
Line 65 Claims of pension fund on sponsor FA343073045 -171.0 -412.6 113.0 536.1 -898.3 -799.9 -11.3 -108.8
Line 66 Other accounts payable FA313196005 131.2 238.6 79.7 83.8 99.9 65.3 811.5 -242.6
Line 67 Gold certificates FA713011203 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 68 SDR certificates FA713014003 0.0 20.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 69 Trade payables FA313170005 163.2 192.7 57.4 59.5 69.5 45.4 120.7 149.3
Line 70 PPP subsidies payable FA313172003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 71 Tariff refund payable FA313190605 0.0 0.0 0.0 0.0 0.0 0.0 664.9 -400.0
Line 72 Other (miscellaneous liabilities) FA313193005 -32.0 25.9 22.3 24.3 30.4 19.8 25.9 8.0
 
Addendum:
Line 73 Net lending (+) or borrowing (-), financial account (lines 29-55) FA315000005 -2333.1 -2562.8 -2298.9 -1082.2 -2170.1 -1598.6 -2614.9 -1406.4
 
Other changes in volume account
Line 74 Total other volume changes FV318090185 50.2 -179.6 -71.8 361.1 -68.3 -18.3 -30.6 222.9
Line 75 Disaster losses FV312010095 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 76 Other volume changes FV318090085 49.1 9.9 0.0 0.0 -33.4 44.3 0.1 0.4
Line 77 Less: Statistical discrepancy(3) FU317005045 -1.1 189.5 71.9 -361.1 34.9 62.6 30.7 -222.5
 
Revaluation account
Line 78 Nonfinancial assets FR312010095 15.4 20.5 54.9 38.5 35.6 51.4 77.4 59.0
Line 79 Structures FR315015605 4.3 -0.2 34.9 16.1 16.1 27.1 38.3 32.6
Line 80 Equipment FR315013265 1.1 8.6 7.6 11.3 5.0 7.7 42.9 13.9
Line 81 Intellectual property products FR315013765 10.1 12.1 12.4 11.1 14.4 16.6 -3.7 12.4
Line 82 Financial assets FR314090005 102.3 4.0 153.2 69.9 163.0 165.2 88.6 -99.5
Line 83 Monetary gold and SDRs FR313011105 83.4 -12.1 135.5 51.8 140.3 141.7 61.2 -163.4
Line 84 Currency and deposits FR314000005 0.7 -0.7 0.1 0.7 0.0 0.2 -0.0 -0.6
Line 85 Repurchase agreements (official reserves) FR313011545 0.1 -0.0 0.0 -0.4 -0.0 0.0 -0.0 -0.0
Line 86 Debt securities (foreign bonds) FR313063005 0.2 -0.4 0.3 0.7 -0.1 -0.2 -0.2 -0.1
Line 87 Loans (other loans and advances) FR313069005 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 88 Corporate equities FR313064105 18.0 17.2 17.2 17.2 22.8 23.6 27.7 64.7
Line 89 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 90 Liabilities FR314190005 12.7 -12.5 -2.8 -0.9 -8.0 -5.1 -8.0 -2.0
Line 91 SDR allocations FR313111303 4.7 -6.0 2.8 5.2 -0.3 -0.2 -1.5 -0.0
Line 92 Other accounts payable FR313190015 8.0 -6.5 -5.6 -6.1 -7.6 -5.0 -6.5 -2.0
Line 93 Changes in net worth due to nominal holding gains/losses FR312090095 105.0 37.0 210.8 109.3 206.5 221.8 174.0 -38.4
 
Changes in balance sheet account
Line 94 Change in net worth(4) FC312090095 -437.9 -685.5 -339.0 -24.4 -383.6 -228.0 -440.0 -240.4
 
Balance sheet account (end of period)
Line 95 Total assets FL312000095 9668.3 9593.6 9613.6 9705.2 10407.7 10752.3 11113.4 11133.6
Line 96 Nonfinancial assets(5) LM312010095 4672.6 4710.1 4778.9 4831.0 4880.0 4943.8 5029.6 5098.1
Line 97 Structures LM315015605 2195.5 2196.4 2229.6 2245.4 2261.8 2289.8 2326.9 2360.4
Line 98 Equipment LM315013265 1010.2 1023.6 1036.3 1050.9 1058.9 1068.7 1112.1 1126.4
Line 99 Intellectual property products LM315013765 1466.9 1490.1 1513.0 1534.8 1559.3 1585.3 1590.5 1611.3
Line 100 Financial assets FL314090005 4995.7 4883.6 4834.7 4874.1 5527.7 5808.5 6083.8 6035.5
Line 101 Monetary gold and SDRs FL313011105 860.6 849.2 985.0 1035.4 1175.9 1317.0 1377.7 1214.4
Line 102 Monetary gold LM313011203 687.7 682.3 814.6 859.7 1000.3 1142.2 1205.1 1043.1
Line 103 SDR holdings LM313011303 172.9 166.9 170.4 175.7 175.6 174.8 172.6 171.3
Line 104 Currency and deposits FL314000005 999.5 831.8 518.0 573.2 1012.1 989.7 1011.7 1042.4
Line 105 Currency and transferable deposits FL313020005 890.6 724.8 407.2 456.5 889.5 868.3 887.1 915.1
Line 106 Time and savings deposits FL313030003 1.8 1.5 1.4 1.5 1.4 1.3 1.5 1.7
Line 107 Other deposits FL313030505 107.0 105.6 109.4 115.2 121.2 120.1 123.1 125.6
Line 108 Debt securities FL314022005 3.2 6.5 8.7 8.5 5.3 10.4 10.2 10.1
Line 109 Agency- and GSE-backed securities FL313061703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 110 Corporate and foreign bonds FL313063005 3.2 6.5 8.7 8.5 5.3 10.4 10.2 10.1
Line 111 Loans FL314035005 2220.1 2255.8 2300.0 2306.5 2341.6 2412.8 2452.1 2440.1
Line 112 Short-term FL314041005 2038.5 2071.9 2113.7 2119.2 2150.4 2221.3 2260.3 2246.8
Line 113 Repurchase agreements (official reserves) LM313011545 2.1 1.8 1.9 2.1 2.5 4.6 4.5 4.5
Line 114 Consumer credit FL313066220 1515.7 1518.0 1539.5 1545.3 1573.3 1578.0 1606.7 1605.1
Line 115 Other loans and advances FL313069005 520.7 552.1 572.3 571.8 574.6 638.7 649.1 637.2
Line 116 Long-term (mortgages) FL313065005 181.6 183.9 186.4 187.3 191.1 191.5 191.8 193.3
Line 117 Equity and investment fund shares FL313081105 387.8 403.4 420.7 438.0 471.0 493.7 523.0 593.8
Line 118 Corporate equities LM313064105 305.8 323.0 340.2 357.4 389.6 414.2 443.4 512.7
Line 119 Equity in international organizations FL313092803 77.0 77.0 77.1 78.5 78.7 78.7 78.8 79.6
Line 120 Equity in government-sponsored enterprises(2) FL313092403 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 121 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 122 Equity investment in Federal Reserves facilities FL313094205 5.0 3.5 3.5 2.0 2.7 0.8 0.8 1.5
Line 123 Other accounts receivable FL313096005 524.6 536.9 602.3 512.6 521.9 584.9 709.1 734.7
Line 124 Trade receivables FL313070000 120.4 115.8 114.6 122.6 120.0 121.4 115.9 122.1
Line 125 Taxes receivable FL313078000 404.2 421.1 487.7 389.9 401.9 463.5 593.2 612.6
Line 126 Total liabilities and net worth FL312000095 9668.3 9593.6 9613.6 9705.2 10407.7 10752.3 11113.4 11133.6
Line 127 Liabilities FL314190005 33443.8 34054.7 34413.6 34529.6 35615.7 36188.3 36989.4 37250.0
Line 128 SDR allocations FL313111303 155.8 149.8 152.6 157.8 157.5 157.3 155.8 155.8
Line 129 Currency and deposits FL314100005 52.5 52.5 52.5 52.6 52.7 52.9 53.1 53.2
Line 130 Debt securities FL314122005 27606.7 28159.9 28468.0 28539.5 29593.7 30091.5 30663.6 30899.5
Line 131 Treasury securities FL313161105 27586.4 28139.5 28447.3 28518.3 29571.6 30069.6 30641.5 30878.3
Line 132 Federal agency securities FL313161705 20.3 20.5 20.7 21.1 22.1 21.9 22.1 21.2
Line 133 Loans FL314135005 3290.7 3456.8 3426.7 3294.9 3520.1 3817.4 3818.5 3857.4
Line 134 Insurance, pension and standardized guarantee schemes FL313152005 1611.1 1457.6 1515.6 1669.9 1465.0 1233.1 1260.5 1306.5
Line 135 Insurance reserves FL313140003 56.3 56.5 57.6 57.7 58.9 59.1 60.1 60.5
Line 136 Retiree Health Care Funds FL313195105 415.0 439.1 437.6 438.9 441.0 474.3 472.2 526.1
Line 137 Claims of pension fund on sponsor FL343073045 1139.8 962.0 1020.4 1173.2 965.0 699.7 728.3 719.9
Line 138 Other accounts payable FL313196005 727.1 778.1 798.2 814.9 826.8 836.0 1037.9 977.6
Line 139 Gold certificates FL713011203 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0
Line 140 SDR certificates FL713014003 10.2 15.2 15.2 15.2 15.2 15.2 15.2 15.2
Line 141 Trade payables FL313170005 705.9 751.8 771.9 788.7 800.5 809.8 845.5 885.1
Line 142 PPP subsidies payable FL313172003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 143 Tariff refund payable FL313190605 0.0 0.0 0.0 0.0 0.0 0.0 166.2 66.2
Line 144 Other (miscellaneous liabilities) FL313193013 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 145 Net worth FL312090095 -23775.6 -24461.0 -24800.0 -24824.4 -25208.0 -25436.0 -25876.0 -26116.4

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 and reflects differences in source data, timing of recorded transactions, and other statistical differences. The statistical discrepancy shown here is calculated based on non-seasonally adjusted quarterly rate measures of net lending or net borrowing and therefore cannot be calculated from the capital account and financial account measures, which are both presented at seasonally adjusted annual rates.
  4. The change in net worth is equal to the sum of the non-seasonally adjusted quarterly rate measure of net lending or borrowing from the capital account (not presented, see footnote 3), total other volume changes, and changes in net worth due to nominal holding gains or losses.
  5. Excludes land and nonproduced nonfinancial assets.
Last Update: September 11, 2026