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: March 6, 2014
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S.7.a Federal Government
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Line
Federal government; gross value added (IMA) 498.1 525.8 552.7 577.6 605.4 637.6 668.8 704.5 719.7 716.7 1
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) 170.3 178.6 189.4 200.7 212.8 226.3 234.5 245.3 256.5 262.3 2
Federal government; net value added (IMA) 327.8 347.2 363.3 376.9 392.6 411.3 434.3 459.1 463.2 454.5 3
Federal government; compensation of employees paid (IMA) 321.1 342.3 362.4 375.1 390.5 410.4 433.5 462.2 470.5 467.9 4
Federal government; wages and salaries paid (IMA) 234.8 249.9 263.5 271.7 283.3 296.7 312.2 328.5 331.7 328.0 5
Federal government; employers' social contributions paid (IMA) 86.3 92.4 98.9 103.5 107.3 113.7 121.3 133.7 138.9 139.9 6
Federal government; operating surplus, net 6.7 4.9 0.9 1.8 2.0 0.8 0.7 -3.1 -7.3 -13.4 7
Federal government; net national income/balance of primary incomes, net (IMA) -221.2 -226.6 -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -323.2 -320.0 8
Federal government; operating surplus, net 6.7 4.9 0.9 1.8 2.0 0.8 0.7 -3.1 -7.3 -13.4 9
Federal government; taxes on production and imports, receivable (IMA) 90.2 95.2 99.4 99.2 94.6 94.0 91.4 96.8 108.6 118.0 10
Federal government; subsidies paid (with negative sign) (IMA) -49.0 -46.0 -60.5 -51.1 -47.5 -49.6 -56.9 -54.3 -59.4 -56.8 11
Federal government; property income (received) (IMA Q4) 23.5 25.3 27.2 29.0 33.4 33.9 48.5 54.6 57.4 52.9 12
Federal government; interest received (IMA) 16.5 16.6 17.3 18.8 22.1 19.5 22.8 29.5 28.5 22.2 13
Federal government; dividends received (IMA) 0.0 0.1 0.2 0.3 0.2 0.6 18.7 17.0 18.8 21.1 14
Federal government; rents on land and natural resources received (IMA) 7.0 8.7 9.7 9.9 11.1 13.8 7.0 8.0 10.1 9.6 15
Federal government; interest paid (IMA Q4) 292.6 306.1 344.4 372.3 408.2 388.0 353.6 380.6 422.6 420.6 16
Federal government; net national income/balance of primary incomes, net (IMA) -221.2 -226.6 -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -323.2 -320.0 17
Federal government; current taxes on income, wealth, etc. received (IMA) 980.8 1058.8 1285.2 1459.2 1542.5 1354.1 1072.4 1208.2 1387.5 1518.0 18
Federal government; contributions for government social insurance received 763.2 808.9 853.4 905.7 947.2 974.4 950.8 970.9 904.3 937.8 19
Federal government; social contributions paid 973.1 1025.5 1090.9 1196.7 1272.2 1407.4 1624.9 1726.6 1745.3 1790.5 20
Federal government; other current transfers received 25.5 29.0 32.0 36.8 41.0 48.6 66.2 64.4 66.1 49.7 21
Federal government; other current transfers paid (IMA) 350.3 363.0 384.2 375.8 401.3 416.0 510.7 555.9 529.0 493.1 22
Federal government; disposable income, net (IMA) 224.9 281.6 418.0 535.8 531.6 244.7 -316.1 -325.6 -239.6 -98.0 23
Federal government; consumption expenditures 628.5 681.4 723.4 763.9 798.4 879.8 933.7 1003.9 1008.7 1011.7 24
Federal government; net saving including net capital transfers paid, insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA) -403.5 -399.8 -305.4 -228.1 -266.7 -635.1 -1249.8 -1329.5 -1248.3 -1109.7 25
Federal government; net saving less net capital transfers paid and including insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA) -444.6 -439.1 -365.8 -271.3 -319.7 -752.7 -1436.1 -1455.9 -1362.0 -1194.3 26
Federal government; net saving including net capital transfers paid, insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA) -403.5 -399.8 -305.4 -228.1 -266.7 -635.1 -1249.8 -1329.5 -1248.3 -1109.7 27
Federal government; net capital transfers paid 41.1 39.3 60.3 43.2 53.0 117.6 186.3 126.3 113.8 84.7 28
Federal government; capital formation, net (IMA) 25.1 31.6 31.5 22.9 35.3 29.1 40.6 53.7 38.0 20.4 29
Federal government; gross fixed investment 196.4 211.0 222.9 238.0 251.4 275.8 284.0 300.0 295.4 284.0 30
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) 170.3 178.6 189.4 200.7 212.8 226.3 234.5 245.3 256.5 262.3 31
Federal government; acquisition of nonproduced nonfinancial assets (net) -0.9 -0.8 -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -1.4 32
Federal government; net lending (+) or borrowing (-) (capital account) (IMA) -469.8 -470.7 -397.3 -294.2 -354.9 -781.8 -1476.7 -1509.5 -1400.1 -1214.8 33
Federal government; net lending (+) or borrowing (-) (capital account) (IMA) -469.8 -470.7 -397.3 -294.2 -354.9 -781.8 -1476.7 -1509.5 -1400.1 -1214.8 34
Federal government; total financial assets 35.1 5.3 30.8 -14.4 0.6 580.0 237.8 281.1 -154.8 116.4 35
Federal government; monetary gold and SDRs; asset -0.6 0.4 -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 36
Federal government; monetary gold; asset 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37
Federal government; special drawing rights (SDRs) holdings; asset -0.6 0.4 -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 38
Federal government; total currency and deposits; asset -16.9 -34.6 -0.9 -5.5 25.7 316.0 -170.0 150.6 -240.0 11.0 39
Federal government; official foreign currency holdings; asset 0.3 0.3 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 40
Federal government; reserve position in IMF (net); asset -1.5 -3.8 -10.2 -3.3 -1.0 3.5 3.4 1.3 18.2 4.0 41
Federal government; checkable deposits and currency; asset 9.3 -31.0 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 42
Federal government; total time and savings deposits; asset -25.2 -0.0 -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 43
Federal government; nonofficial foreign currencies; asset 0.2 -0.0 -2.2 -0.0 -0.1 0.0 0.2 0.1 -0.1 -0.1 44
Federal government; debt securities; asset 0.0 0.0 0.0 0.0 0.0 54.4 142.5 -46.9 -118.2 -31.3 45
Federal government; agency- and GSE-backed securities; asset 0.0 0.0 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 46
Federal government; corporate bonds issued by commercial banking under TARP; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 47
Federal government; total loans; asset -2.6 2.3 -0.9 5.9 6.9 39.0 166.5 130.5 137.4 136.2 48
Federal government; short-term loans; asset -0.1 0.7 -3.3 2.2 4.8 25.5 154.0 136.7 133.3 134.6 49
Federal government; consumer credit, student loans; asset 1.9 3.7 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 50
Federal government; other loans and advances; asset -2.0 -3.0 -7.0 0.6 -2.2 6.0 66.0 3.5 4.8 2.5 51
Federal government; total mortgages; asset -2.5 1.6 2.4 3.7 2.1 13.5 12.6 -6.2 4.1 1.6 52
Federal government; other equity; asset (IMA) 1.4 2.0 1.3 2.0 1.7 257.7 3.4 30.4 43.5 -10.7 53
Federal government; corporate equities; asset 0.0 0.0 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 54
Federal government; U.S. equity in IBRD, etc.; asset 1.4 2.0 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 55
Federal government; equity in government-sponsored enterprises (GSEs); asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56
Federal government; equity investment in funding corporations under PPIP; asset 0.0 0.0 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 57
Federal government; other accounts receivable; asset (IMA) 53.8 35.1 35.8 -17.1 -33.8 -87.2 47.1 16.5 24.2 11.1 58
Federal government; trade receivables; asset 19.1 10.5 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 59
Federal government; taxes receivable; asset 34.4 23.3 26.0 -6.5 -35.4 -62.0 35.9 27.1 20.8 11.9 60
Federal government; unidentified miscellaneous assets 0.4 1.4 0.6 1.0 0.4 -29.4 32.3 -9.8 -1.3 -3.5 61
Federal government; total liabilities 566.0 479.4 453.6 296.0 391.2 1369.0 1536.1 1697.8 1200.7 1242.2 62
Federal government; special drawing rights (SDRs) allocations; liability 0.0 0.0 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 63
Federal government; total currency and deposits; liability 0.6 0.7 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 64
Federal government; debt securities; liability 420.7 402.8 346.9 219.1 270.4 1302.5 1508.8 1645.9 1138.7 1180.6 65
Monetary authority; SDR certificates issued by federal government; asset 0.0 0.0 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 66
Federal government; Treasury securities, including U.S. savings securities; liability 398.4 362.5 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 1140.6 67
Federal government; budget agency securities; liability -2.4 -0.6 -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 68
Federal government retirement funds; nonmarketable Treasury securities; asset 24.7 40.9 40.0 35.8 33.3 63.3 61.9 65.7 70.8 40.4 69
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 70
Federal government; insurance technical reserve; liability (IMA) 75.6 59.5 67.2 64.5 92.7 45.1 33.3 43.5 39.1 61.9 71
Federal government; life insurance reserves; liability 1.1 1.1 1.1 1.5 1.2 1.0 1.1 0.9 1.3 0.3 72
Federal government; retiree health care funds; liability 19.6 17.4 23.0 18.1 43.9 26.5 16.6 22.5 18.5 13.3 73
Federal government retirement funds; claims of pension fund on sponsor; asset 54.9 41.0 43.1 44.9 47.7 17.6 15.6 20.2 19.2 48.2 74
Federal government; other accounts payable; liability (IMA) 69.1 16.4 38.7 11.8 28.7 22.2 -53.2 8.7 23.0 -0.3 75
Federal government; trade payables; liability 71.7 15.4 33.7 6.2 29.3 22.6 -56.2 6.3 9.4 8.0 76
Federal government; unidentified miscellaneous liabilities, including liability due to FICO -2.6 1.0 5.0 5.6 -0.6 -0.3 2.9 2.4 13.6 -8.3 77
Federal government; net lending (+) or borrowing (-) (financial account) -530.9 -474.1 -422.8 -310.4 -390.6 -789.0 -1298.3 -1416.7 -1355.5 -1125.7 78
Federal government; total other volume changes (IMA) -94.4 -27.7 -46.3 31.3 10.8 87.8 122.4 -21.5 47.0 75.1 79
Federal government; nonfinancial assets (does not include land) 0.0 0.0 -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 80
Federal government; other volume changes (IMA) -33.3 -24.2 -20.3 47.4 46.5 95.0 -55.9 -114.3 2.5 -13.9 81
Federal government; statistical discrepancy (IMA) 61.1 3.5 25.5 16.1 35.7 7.2 -178.4 -92.8 -44.6 -89.0 82
Federal government; nonfinancial assets (does not include land) 45.2 114.8 116.8 116.4 93.0 69.0 -36.0 61.3 63.3 41.2 83
Federal government; total residential and nonresidential structures 25.3 91.6 94.1 95.2 60.7 44.0 -48.4 18.1 46.6 34.7 84
Federal government; nonresidential equipment, current cost basis 4.0 10.9 7.3 10.4 7.6 11.8 8.6 5.0 11.0 5.5 85
Federal government; nonresidential intellectual property products, current cost basis 16.0 12.2 15.4 10.8 24.8 13.2 3.8 38.2 5.7 0.9 86
Federal government; financial assets with revaluations (IMA) 3.1 1.3 -2.1 0.8 0.7 -67.9 -121.6 -43.7 -40.5 -9.0 87
Federal government; monetary gold and SDRs; asset 1.1 0.5 -0.9 0.4 0.5 -0.2 0.2 -1.0 -0.1 0.1 88
Federal government; total currency and deposits; asset 2.1 0.8 -1.2 0.3 0.2 -0.0 0.3 -0.2 -7.8 -4.3 89
Federal government; corporate equities; asset 0.0 0.0 0.0 0.0 0.0 -67.7 -121.9 -41.5 -32.4 -4.7 90
Federal government; equity investment in funding corporations under PPIP; asset 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 91
Federal government; special drawing rights (SDRs) allocations; liability 0.6 0.3 -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 92
Federal government; special drawing rights (SDRs) allocations; liability 0.6 0.3 -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 93
Federal government; changes in net worth due to nominal holding gains/losses (IMA) 47.7 115.7 115.3 116.8 93.3 1.2 -157.9 18.5 23.0 32.1 94
Federal government; net worth (IMA) -491.3 -351.1 -296.8 -123.3 -215.6 -663.6 -1471.6 -1458.8 -1292.0 -1087.1 95
Federal government; total assets (does not include land) 2790.1 2917.7 3070.2 3238.1 3415.2 4121.6 4229.2 4569.0 4463.3 4626.5 96
Federal government; nonfinancial assets (does not include land) 2130.4 2277.1 2426.5 2579.8 2711.3 2829.2 2842.1 2957.5 3059.2 3121.6 97
Federal government; total residential and nonresidential structures 999.1 1088.2 1176.5 1266.6 1325.4 1369.8 1326.1 1352.5 1404.1 1435.6 98
Federal government; nonresidential equipment, current cost basis 474.9 498.3 520.7 550.7 576.7 616.2 649.8 680.9 709.6 730.5 99
Federal government; nonresidential intellectual property products, current cost basis 656.3 690.6 729.3 762.4 809.3 843.2 866.2 924.1 945.5 955.5 100
Federal government; total financial assets 659.7 640.6 643.7 658.3 703.9 1292.4 1387.1 1611.5 1404.0 1504.8 101
Federal government; monetary gold and SDRs; asset 12.6 13.6 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 102
Federal government; monetary gold; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103
Federal government; special drawing rights (SDRs) holdings; asset 12.6 13.6 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 104
Federal government; total currency and deposits; asset 101.8 68.0 65.9 60.8 86.7 402.7 233.0 383.4 135.6 142.4 105
Federal government; official foreign currency holdings; asset 19.9 21.4 18.9 20.5 22.5 24.8 25.2 26.0 25.8 24.9 106
Federal government; reserve position in IMF (net); asset 22.7 19.6 8.1 5.2 4.4 7.8 11.5 12.6 23.0 22.8 107
Federal government; checkable deposits and currency; asset 54.1 21.9 36.8 32.9 56.5 368.0 193.6 342.1 84.3 92.0 108
Federal government; total time and savings deposits; asset 2.4 2.4 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 109
Federal government; nonofficial foreign currencies; asset 2.8 2.8 0.6 0.6 0.5 0.5 0.7 0.8 0.7 0.7 110
Federal government; debt securities; asset 0.0 0.0 0.0 0.0 0.0 54.4 197.0 150.1 31.9 0.6 111
Federal government; agency- and GSE-backed securities; asset 0.0 0.0 0.0 0.0 0.0 54.4 196.4 149.2 31.1 0.0 112
Federal government; corporate bonds issued by commercial banking under TARP; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.9 0.8 0.6 113
Federal government; total loans; asset 272.4 274.7 273.8 296.9 303.8 342.8 509.3 643.4 780.8 917.0 114
Federal government; short-term loans; asset 199.8 200.5 197.2 216.6 221.4 247.0 400.9 537.6 670.9 805.5 115
Federal government; consumer credit, student loans; asset 82.4 86.1 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 116
Federal government; other loans and advances; asset 117.5 114.4 107.4 108.0 105.8 111.8 177.9 181.4 186.3 188.7 117
Federal government; total mortgages; asset 72.6 74.2 76.6 80.3 82.4 95.8 108.4 105.8 109.9 111.5 118
Federal government; other equity; asset (IMA) 40.0 42.0 43.2 45.3 46.9 237.0 118.2 106.1 117.0 101.5 119
Federal government; corporate equities; asset 0.0 0.0 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 120
Federal government; U.S. equity in IBRD, etc.; asset 40.0 42.0 43.2 45.3 46.9 48.3 50.0 52.3 54.9 57.3 121
Federal government; equity in government-sponsored enterprises (GSEs); asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 122
Federal government; equity investment in funding corporations under PPIP; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 123
Federal government; other accounts receivable; asset (IMA) 232.8 242.3 252.5 246.5 257.0 246.2 271.8 271.7 283.7 288.2 124
Federal government; trade receivables; asset 51.3 61.8 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 125
Federal government; taxes receivable; asset 93.7 91.2 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.1 126
Federal government; unidentified miscellaneous assets 87.9 89.3 89.9 91.0 91.4 62.0 94.3 84.5 83.2 79.8 127
Federal government; total assets (does not include land) 2790.1 2917.7 3070.2 3238.1 3415.2 4121.6 4229.2 4569.0 4463.3 4626.5 128
Federal government; total liabilities 6442.4 6921.2 7370.4 7661.6 8054.2 9424.3 11003.5 12802.1 13988.3 15238.7 129
Federal government; special drawing rights (SDRs) allocations; liability 7.3 7.6 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 130
Federal government; total currency and deposits; liability 26.0 26.7 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 131
Federal government; debt securities; liability 4850.2 5253.1 5587.0 5806.1 6076.5 7379.0 8887.8 10533.8 11672.5 12853.0 132
Monetary authority; SDR certificates issued by federal government; asset 2.2 2.2 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 133
Federal government; Treasury securities, including U.S. savings securities; liability 4008.2 4370.7 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 11568.9 134
Federal government; budget agency securities; liability 24.9 24.3 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 135
Federal government retirement funds; nonmarketable Treasury securities; asset 815.0 855.9 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 136
Federal government; multifamily residential mortgages; liability 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 137
Federal government; insurance technical reserve; liability (IMA) 1399.4 1459.1 1540.9 1606.0 1699.5 1746.1 1825.5 1973.5 2012.2 2074.4 138
Federal government; life insurance reserves; liability 40.5 41.6 42.7 44.2 45.4 46.4 47.5 48.4 49.7 50.0 139
Federal government; retiree health care funds; liability 35.0 52.4 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 140
Federal government retirement funds; claims of pension fund on sponsor; asset 1324.0 1365.2 1422.8 1468.3 1516.8 1535.8 1597.6 1722.2 1741.1 1789.6 141
Federal government; other accounts payable; liability (IMA) 159.5 174.6 208.1 214.0 243.1 265.1 208.6 214.5 223.5 231.0 142
Federal government; trade payables; liability 153.6 169.0 202.7 208.9 238.2 260.8 204.6 210.9 220.3 228.3 143
Federal government; liability due to FICO 5.8 5.6 5.4 5.1 4.9 4.3 4.0 3.6 3.2 2.8 144
Federal government; net worth (IMA) -3652.3 -4003.4 -4300.2 -4423.5 -4639.0 -5302.7 -6774.2 -8233.1 -9525.1 -10612.2 145

  FOOTNOTES

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