Financial Accounts of the United States - Z.1
S13.t General government 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Current receipts, NIPA basis | FA366010115 | 8466.2 | 8969.8 | 9619.5 | 9264.5 | 9527.3 | 9762.8 | 9923.4 | 9940.7 | 10159.9 |
| Line 2 | Personal current taxes | FA366210005 | 2835.7 | 2988.2 | 3233.8 | 3154.0 | 3200.9 | 3268.4 | 3311.7 | 3219.8 | 3263.5 |
| Line 3 | Taxes on production and imports | FA366240005 | 1861.0 | 1954.7 | 2213.8 | 2014.4 | 2203.1 | 2289.6 | 2348.0 | 2357.1 | 2372.4 |
| Line 4 | Taxes on corporate income | FA366231005 | 597.8 | 663.7 | 677.4 | 653.6 | 652.7 | 675.2 | 728.0 | 784.0 | 886.7 |
| Line 5 | Taxes from the rest of the world | FA316231061 | 36.0 | 38.9 | 41.5 | 40.0 | 42.8 | 40.2 | 42.9 | 42.8 | 45.0 |
| Line 6 | Contributions for govt. social insurance | FA366601005 | 1807.1 | 1929.6 | 2025.8 | 2002.6 | 2011.8 | 2038.0 | 2050.8 | 2087.0 | 2106.1 |
| Line 7 | Income receipts on assets | FA366150105 | 168.3 | 196.3 | 218.4 | 213.6 | 215.0 | 219.9 | 225.4 | 229.9 | 240.7 |
| Line 8 | Current transfer receipts | FA366403105 | 1207.1 | 1245.9 | 1261.5 | 1234.7 | 1253.4 | 1284.4 | 1273.3 | 1279.9 | 1310.5 |
| Line 9 | Current surplus of government enterprises | FA366402105 | -46.9 | -47.5 | -52.5 | -48.3 | -52.4 | -52.8 | -56.6 | -59.8 | -65.0 |
| Line 10 | Current expenditures, NIPA basis | FA366900015 | 10310.7 | 11022.9 | 11648.5 | 11369.9 | 11608.5 | 11791.6 | 11824.1 | 11968.1 | 12198.2 |
| Line 11 | Consumption expenditures | FA366901005 | 3765.9 | 3991.8 | 4165.3 | 4104.9 | 4132.0 | 4208.5 | 4215.9 | 4274.8 | 4384.9 |
| Line 12 | Government social benefits | FA366404005 | 4182.5 | 4490.0 | 4883.3 | 4722.2 | 4890.3 | 4940.3 | 4980.6 | 5033.3 | 5102.3 |
| Line 13 | Other current transfer payments | FA366403005 | 1041.6 | 1049.2 | 1034.6 | 1016.9 | 1033.3 | 1050.3 | 1037.9 | 1045.3 | 1077.0 |
| Line 14 | Interest payments | FA366130005 | 1218.5 | 1397.6 | 1453.2 | 1418.3 | 1433.0 | 1468.4 | 1493.0 | 1480.2 | 1505.6 |
| Line 15 | Subsidies | FA366402005 | 102.3 | 94.2 | 112.1 | 107.7 | 120.0 | 124.2 | 96.6 | 134.6 | 128.4 |
| Line 16 | Net saving, NIPA basis | FA366006005 | -1844.5 | -2053.2 | -2029.0 | -2105.4 | -2081.2 | -2028.8 | -1900.6 | -2027.4 | -2038.3 |
| Line 17 | + Consumption of fixed capital | FA366300005 | 770.3 | 803.8 | 849.3 | 830.8 | 840.6 | 855.3 | 870.4 | 881.9 | 899.3 |
| Line 18 | - Insurance and pension fund reserves(2) | FA313154015 | -1.4 | -0.8 | -0.5 | -0.9 | -0.7 | 0.5 | -1.0 | -0.3 | -0.4 |
| Line 19 | - Net capital transfers | FA365440095 | 154.4 | 47.2 | -18.4 | 6.5 | -17.5 | -20.2 | -42.4 | 644.3 | -34.1 |
| Line 20 | = Gross saving less net capital transfers | FA366000105 | -1227.2 | -1295.7 | -1160.8 | -1280.3 | -1222.3 | -1153.9 | -986.9 | -1789.5 | -1104.5 |
| Line 21 | Gross investment | FA365090005 | -1556.6 | -1343.3 | -1032.1 | -1566.3 | -258.4 | -1446.9 | -856.8 | -1814.8 | -630.7 |
| Line 22 | Fixed investment | FA365019005 | 975.3 | 1049.3 | 1109.8 | 1090.6 | 1105.0 | 1115.9 | 1127.6 | 1141.9 | 1158.9 |
| Line 23 | Nonproduced nonfinancial assets | FA365420005 | 18.8 | 20.5 | 22.4 | 21.7 | 22.2 | 22.5 | 23.1 | 23.4 | 22.4 |
| Line 24 | Net lending (+) or net borrowing (-) | FA365000005 | -2550.7 | -2413.1 | -2164.3 | -2678.7 | -1385.6 | -2585.3 | -2007.5 | -2980.1 | -1811.9 |
| Line 25 | Net acquisition of financial assets | FA364090005 | 387.7 | 228.2 | 496.1 | -916.3 | 360.5 | 2153.1 | 387.4 | 673.3 | 567.8 |
| Line 26 | Monetary gold and SDRs | FA313011105 | 4.6 | 5.1 | -1.4 | 1.4 | -5.5 | 1.0 | -2.4 | -2.2 | 0.3 |
| Line 27 | Checkable deposits and currency | FA363020005 | 336.5 | -36.0 | 188.7 | -1236.3 | 200.1 | 1741.6 | 49.5 | 39.3 | 151.9 |
| Line 28 | Time and savings deposits | FA363030005 | 3.9 | 0.0 | -20.4 | 10.1 | -4.6 | -47.8 | -39.5 | 41.3 | -31.1 |
| Line 29 | Other deposits | FA313030505 | 3.8 | 10.8 | 11.6 | 18.9 | 15.3 | 22.9 | -10.8 | 13.5 | 11.5 |
| Line 30 | Debt securities | FA364022005 | 92.6 | 116.7 | 88.8 | 4.6 | 286.9 | 121.3 | -57.6 | 108.5 | 307.7 |
| Line 31 | Open market paper | FA213069103 | 3.4 | -1.8 | 32.4 | 93.3 | 55.8 | -30.2 | 10.5 | 56.8 | 24.5 |
| Line 32 | Treasury securities | FA213061103 | 77.0 | 93.7 | 31.8 | -84.5 | 160.2 | 110.1 | -58.6 | 26.8 | 220.2 |
| Line 33 | Agency- and GSE-backed securities | FA363061705 | 9.9 | 13.8 | 14.3 | -4.5 | 42.9 | 39.0 | -20.3 | 7.1 | 62.4 |
| Line 34 | Municipal securities | FA213062003 | 2.0 | 2.7 | 2.3 | 4.4 | 7.1 | 0.8 | -3.2 | 1.7 | -2.1 |
| Line 35 | Corporate and foreign bonds | FA363063005 | 0.1 | 8.3 | 8.1 | -4.1 | 20.9 | 1.5 | 14.0 | 16.1 | 2.6 |
| Line 36 | Loans | FA364035005 | -66.3 | 127.6 | 124.0 | 135.2 | 178.0 | 128.0 | 54.7 | 138.0 | 99.0 |
| Line 37 | Security repurchase agreements | FA362051005 | 12.7 | 11.9 | 15.7 | 9.8 | 26.5 | 27.2 | -0.5 | -1.7 | 5.3 |
| Line 38 | Consumer credit | FA313066220 | -25.1 | 55.8 | 60.1 | 63.0 | 86.5 | 71.6 | 19.2 | 95.1 | 58.5 |
| Line 39 | Mortgages | FA363065005 | -22.8 | 13.2 | 22.1 | 24.0 | 18.1 | 30.0 | 16.2 | 1.4 | 6.2 |
| Line 40 | Other loans and advances | FA363069005 | -31.1 | 46.6 | 26.1 | 38.4 | 46.9 | -0.7 | 19.8 | 43.2 | 29.1 |
| Line 41 | Corporate equities | FA363064105 | -18.9 | -22.0 | -4.0 | 35.3 | -44.7 | 6.9 | -13.5 | 30.6 | -69.8 |
| Line 42 | Miscellaneous other equity | FA313081115 | -6.2 | -1.7 | -0.9 | 0.4 | 0.2 | 3.5 | -7.5 | 0.4 | 5.7 |
| Line 43 | Money market fund shares | FA213034003 | 6.8 | 9.9 | -1.0 | -4.5 | -8.3 | 2.2 | 6.6 | 1.2 | 5.2 |
| Line 44 | Mutual fund shares | FA213064203 | -4.0 | -4.2 | -4.8 | 7.6 | -13.6 | -7.0 | -6.1 | 5.9 | -28.5 |
| Line 45 | Hedge fund shares | FA213064703 | 13.8 | -3.1 | 8.3 | 19.9 | 14.2 | 28.7 | -29.4 | 21.2 | 5.6 |
| Line 46 | Private debt fund shares | FA213064500 | 5.9 | 4.6 | 2.6 | 6.6 | 4.0 | -4.5 | 4.4 | -0.5 | 4.2 |
| Line 47 | Trade receivables | FA363070005 | 30.3 | 12.5 | 35.3 | 34.0 | 51.2 | 14.9 | 41.0 | 33.1 | 34.2 |
| Line 48 | Taxes receivable | FA363078005 | -0.9 | 11.4 | 89.2 | 73.8 | -289.1 | 170.9 | 401.2 | 265.3 | 103.0 |
| Line 49 | Miscellaneous assets | FA213093005 | -14.3 | -3.5 | -19.8 | -23.2 | -23.6 | -29.5 | -3.1 | -22.5 | -31.0 |
| Line 50 | Net increase in liabilities | FA364190005 | 2938.4 | 2641.3 | 2660.4 | 1762.3 | 1746.1 | 4738.4 | 2394.9 | 3653.3 | 2379.7 |
| Line 51 | SDR allocations | FA313111303 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 52 | Treasury currency | FA313125003 | 0.3 | 0.1 | 0.4 | 0.2 | 0.1 | 0.5 | 0.7 | 0.7 | 0.7 |
| Line 53 | Other deposits (Postal Savings System deposits) | FA313131003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 54 | Debt securities | FA364122005 | 2405.5 | 2012.9 | 2089.1 | 1201.9 | 1207.6 | 4184.5 | 1762.3 | 2353.2 | 1923.2 |
| Line 55 | Treasury securities | FA313161105 | 2381.6 | 1912.9 | 1930.2 | 1056.2 | 921.8 | 3988.7 | 1753.9 | 2126.0 | 1579.4 |
| Line 56 | Budget agency securities | FA313161705 | 0.4 | 0.3 | 1.4 | 1.0 | 1.8 | 3.7 | -0.7 | 0.7 | -3.5 |
| Line 57 | Municipal securities | FA213162005 | 23.6 | 99.7 | 157.5 | 144.7 | 284.0 | 192.1 | 9.1 | 226.5 | 347.2 |
| Line 58 | Loans | FA364135005 | 234.5 | 227.7 | 364.3 | -2.4 | -446.3 | 973.0 | 932.7 | 126.3 | 221.6 |
| Line 59 | Depository institution loans n.e.c. | FA213168003 | -5.0 | -5.2 | 2.9 | -3.3 | 5.3 | 6.2 | 3.3 | -3.2 | -9.7 |
| Line 60 | Multifamily residential mortgages | FA313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 61 | Other loans and advances | FA363169005 | 239.4 | 232.9 | 361.4 | 0.9 | -451.6 | 966.8 | 929.4 | 129.5 | 231.2 |
| Line 62 | Insurance reserves | FA313140003 | 1.3 | 2.2 | 2.6 | 4.5 | 0.3 | 4.9 | 0.5 | 4.1 | 1.5 |
| Line 63 | Trade payables | FA363170005 | 155.7 | 239.7 | 134.4 | 132.4 | 135.0 | 146.5 | 123.6 | 200.8 | 233.8 |
| Line 64 | Miscellaneous liabilities | FA363190005 | 141.0 | 158.7 | 69.8 | 425.8 | 849.4 | -571.1 | -425.0 | 968.2 | -1.0 |
| Line 65 | Discrepancy | FA367005005 | 329.4 | 47.6 | -128.7 | 286.1 | -963.9 | 293.0 | -130.0 | 25.2 | -473.8 |
| Memo: | |||||||||||
| Line 66 | Net acquisition of financial assets (consolidated)(3) | FA374090005 | 316.1 | 123.5 | 477.6 | -795.1 | 143.7 | 2053.9 | 507.7 | 642.9 | 272.1 |
| Line 67 | Net increase in liabilities (consolidated)(3) | FA374190005 | 2866.7 | 2536.6 | 2641.9 | 1883.6 | 1529.4 | 4639.2 | 2515.3 | 3623.0 | 2084.1 |
Notes:
- Sum of the federal government and state and local governments sectors.
- Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector. Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee pension funds.
- Excludes Treasury securities and municipal securities held by state and local governments and other loans and advances made by the federal government to state and local governments.
Last Update: September 11, 2026