S1311.i.q Federal government 🕮 PDF
Line Description Series 2024:Q2 2024:Q3 2024:Q4 2025:Q1 2025:Q2 2025:Q3 2025:Q4 2026:Q1
Current account
Line 1 Gross value added FA316902505 1064.1 1079.8 1092.4 1108.3 1115.5 1127.4 1119.2 1128.1
Line 2 Less: Consumption of fixed capital FA316300001 390.1 395.9 402.3 408.3 412.8 420.7 428.6 435.8
Line 3 Equals: Net value added FA316902605 674.0 683.9 690.0 699.9 702.7 706.6 690.6 692.3
Line 4 Compensation of employees (paid) FA316025001 676.5 684.6 691.5 700.9 704.4 707.3 692.2 694.8
Line 5 Operating surplus, net FA316402101 -2.4 -0.7 -1.5 -1.0 -1.7 -0.6 -1.7 -2.5
Line 6 Net national income/Balance of primary incomes, net FA316140005 -947.8 -974.1 -983.0 -967.2 -824.4 -800.2 -766.7 -813.8
Line 7 Operating surplus, net FA316402101 -2.4 -0.7 -1.5 -1.0 -1.7 -0.6 -1.7 -2.5
Line 8 Taxes on production and imports, receivable FA316240001 180.0 189.1 189.9 198.6 370.6 434.2 467.3 449.9
Line 9 Subsidies (paid) FA316402015 -93.0 -92.1 -94.0 -107.0 -119.2 -123.4 -95.9 -133.9
Line 10 Property income received, net FA316150175 -1032.3 -1070.3 -1077.4 -1057.8 -1074.1 -1110.3 -1136.5 -1127.5
Line 11 Net national income/Balance of primary incomes, net FA316140005 -947.8 -974.1 -983.0 -967.2 -824.4 -800.2 -766.7 -813.8
Line 12 Plus: Current taxes on income, wealth, etc. (received) FA316220001 2918.6 2952.0 3012.2 3047.5 3084.4 3178.4 3238.7 3196.2
Line 13 Plus: Social benefits (received) FA316601001 1892.8 1914.2 1937.6 1974.0 1982.9 2008.5 2020.5 2055.6
Line 14 Less: Social contributions (paid) FA316404001 3325.2 3371.0 3428.2 3563.7 3695.3 3690.6 3724.5 3769.2
Line 15 Plus: Other current transfers (received) FA316403105 86.3 79.7 96.7 87.3 80.7 84.3 82.6 82.2
Line 16 Less: Other current transfers (paid) FA316403001 1009.9 1099.6 1084.0 1016.9 1033.3 1050.3 1037.9 1043.4
Line 17 Equals: Disposable income, net FA316012005 -385.1 -498.7 -448.7 -439.0 -405.0 -270.0 -187.3 -292.5
Line 18 Less: Final consumption expenditures FA316901001 1422.4 1456.8 1485.8 1481.9 1487.6 1516.7 1497.9 1513.5
Line 19 Equals: Net saving FA316006085 -1807.5 -1955.5 -1934.5 -1920.9 -1892.6 -1786.6 -1685.2 -1806.0
 
Capital account
Line 20 Net saving less capital transfers FA316006385 -1947.5 -2143.9 -2160.3 -2048.7 -1988.4 -1882.2 -1784.8 -2569.3
Line 21 Net saving FA316006085 -1807.5 -1955.5 -1934.5 -1920.9 -1892.6 -1786.6 -1685.2 -1806.0
Line 22 Less: Capital transfers paid (net) FA315440005 140.0 188.3 225.9 127.8 95.8 95.6 99.6 763.2
Line 23 Capital formation, net FA315050905 53.8 64.8 61.9 59.3 56.0 52.1 45.2 37.4
Line 24 Gross fixed capital formation (acquisition of produced nonfinancial assets) FA315019001 445.1 461.0 464.2 467.9 468.8 473.1 474.0 473.6
Line 25 Less: Consumption of fixed capital FA316300001 390.1 395.9 402.3 408.3 412.8 420.7 428.6 435.8
Line 26 Acquisition of nonproduced nonfinancial assets FA315420003 -1.2 -0.3 0.0 -0.2 -0.0 -0.3 -0.1 -0.4
Line 27 Net lending (+) or borrowing (-), capital account (lines 20-23) FA315000995 -2001.3 -2208.6 -2222.2 -2108.0 -2044.4 -1934.3 -1830.1 -2606.6
 
Financial account
Line 28 Net lending (+) or borrowing (-) (line 27) FA315000995 -2001.3 -2208.6 -2222.2 -2108.0 -2044.4 -1934.3 -1830.1 -2606.6
Line 29 Net acquisition of financial assets FA314090005 -123.5 479.0 -315.4 -1025.6 26.0 2021.1 427.9 396.0
Line 30 Monetary gold and SDRs FA313011105 4.2 5.9 2.7 1.4 -5.2 1.1 -2.2 0.8
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 4.2 5.9 2.7 1.4 -5.2 1.1 -2.2 0.8
Line 33 Currency and deposits FA314000005 23.1 435.4 -654.3 -1248.3 216.2 1744.5 -60.6 84.5
Line 34 Currency and transferable deposits FA313020005 9.8 424.5 -655.0 -1266.9 204.8 1734.0 -70.2 73.2
Line 35 Time and savings deposits FA313030003 0.1 1.7 -1.4 -0.4 0.3 -0.2 -0.4 0.8
Line 36 Other deposits FA313030505 13.2 9.2 2.1 18.9 11.1 10.7 9.9 10.5
Line 37 Debt securities FA314022005 0.1 0.0 0.0 0.0 0.2 0.2 0.2 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 0.1 0.0 0.0 0.0 0.2 0.2 0.2 0.3
Line 40 Loans FA314035005 80.4 103.5 149.4 155.1 89.8 98.9 96.5 95.5
Line 41 Short-term FA314041005 72.0 98.7 140.0 145.3 86.1 83.6 95.1 94.2
Line 42 Repurchase agreements (official reserves) FA313011545 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0
Line 43 Consumer credit FA313066220 47.4 82.2 14.6 63.0 86.5 71.6 19.2 85.4
Line 44 Other loans and advances FA313069005 24.5 16.3 125.4 82.3 -0.4 12.0 75.9 8.8
Line 45 Long-term (mortgages) FA313065005 8.4 4.8 9.4 9.8 3.8 15.4 1.4 1.3
Line 46 Equity and investment fund shares FA313081105 -2.5 1.8 -6.2 0.4 0.2 40.7 -5.0 34.5
Line 47 Corporate equities FA313064105 0.0 0.0 0.0 0.0 0.0 37.2 2.5 28.2
Line 48 Equity in international organizations FA313092803 7.1 1.8 0.0 0.4 5.9 0.8 0.0 6.3
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 -9.6 0.0 -6.2 0.0 -5.7 2.7 -7.5 0.0
Line 52 Other accounts receivable FA313096005 -228.8 -67.6 193.0 65.9 -275.3 135.6 399.1 180.3
Line 53 Trade receivables FA313070000 3.5 21.0 -5.6 -3.2 22.2 -17.8 20.0 -22.7
Line 54 Taxes receivable FA313078000 -232.2 -88.5 198.7 69.1 -297.5 153.4 379.1 203.1
Line 55 Net incurrence of liabilities FA314190005 1242.9 2684.8 2139.5 1255.5 1109.6 4184.8 2021.8 3066.5
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 0.5 0.2 0.1 0.2 0.1 0.5 0.7 0.7
Line 58 Debt securities FA314122005 1021.6 2524.1 1967.4 1057.2 923.6 3992.4 1753.2 2126.7
Line 59 Treasury securities FA313161105 1020.5 2523.9 1966.6 1056.2 921.8 3988.7 1753.9 2126.0
Line 60 Federal agency securities FA313161705 1.1 0.2 0.8 1.0 1.8 3.7 -0.7 0.7
Line 61 Loans FA314135005 151.1 312.4 405.8 -0.4 -452.4 966.8 928.6 129.1
Line 62 Insurance, pension and standardized guarantee schemes FA313152005 -34.4 -155.8 -364.5 135.3 552.8 -869.2 -716.8 8.9
Line 63 Insurance reserves FA313140003 0.0 4.2 0.8 4.5 0.3 4.9 0.5 4.1
Line 64 Retiree Health Care Funds FA313195105 28.6 11.0 47.4 17.8 16.4 24.2 82.5 16.1
Line 65 Claims of pension fund on sponsor FA343073045 -63.0 -171.0 -412.6 113.0 536.1 -898.3 -799.9 -11.3
Line 66 Other accounts payable FA313196005 104.0 3.9 130.7 63.2 85.5 94.2 56.1 801.1
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 20.0 0.0 20.0 0.0 0.0 0.0 0.0 0.0
Line 69 Trade payables FA313170005 49.1 35.9 84.8 40.9 61.2 63.8 36.3 110.3
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 0.0 664.9
Line 72 Other (miscellaneous liabilities) FA313193005 34.9 -32.0 25.9 22.3 24.3 30.4 19.8 25.9
 
Addendum:
Line 73 Net lending (+) or borrowing (-), financial account (lines 29-55) FA315000005 -1366.4 -2205.8 -2454.8 -2281.1 -1083.7 -2163.7 -1593.9 -2670.5
 
Other changes in volume account
Line 74 Total other volume changes FV318090185 279.1 82.1 -152.6 -67.4 360.8 -66.7 -17.1 -38.2
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 9.3 49.1 9.9 0.0 0.0 -33.4 44.3 0.1
Line 77 Less: Statistical discrepancy(3) FU317005045 -269.8 -33.0 162.5 67.4 -360.8 33.3 61.5 38.3
 
Revaluation account
Line 78 Nonfinancial assets FR312010095 24.7 15.4 20.5 54.9 38.5 35.6 51.4 76.8
Line 79 Structures FR315015605 13.4 4.3 -0.2 34.9 16.1 16.1 27.1 37.5
Line 80 Equipment FR315013265 4.2 1.1 8.6 7.6 11.3 5.0 7.7 42.9
Line 81 Intellectual property products FR315013765 7.1 10.1 12.1 12.4 11.1 14.4 16.6 -3.6
Line 82 Financial assets FR314090005 46.0 102.3 4.0 153.2 69.0 164.5 164.3 109.3
Line 83 Monetary gold and SDRs FR313011105 29.4 83.4 -12.1 135.5 50.8 140.3 141.7 82.7
Line 84 Currency and deposits FR314000005 -0.2 0.7 -0.7 0.2 0.3 0.1 0.1 0.9
Line 85 Repurchase agreements (official reserves) FR313011545 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0
Line 86 Debt securities (foreign bonds) FR313063005 -0.1 0.2 -0.4 0.3 0.7 -0.2 -0.2 -0.4
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 16.9 18.0 17.2 17.2 17.2 24.3 22.7 26.1
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 -9.7 12.7 -12.5 -2.8 -0.9 -8.0 -5.1 -8.0
Line 91 SDR allocations FR313111303 -1.0 4.7 -6.0 2.8 5.2 -0.3 -0.2 -1.5
Line 92 Other accounts payable FR313190015 -8.7 8.0 -6.5 -5.6 -6.1 -7.6 -5.0 -6.5
Line 93 Changes in net worth due to nominal holding gains/losses FR312090095 80.4 105.0 37.0 210.8 108.3 208.0 220.9 194.1
 
Changes in balance sheet account
Line 94 Change in net worth(4) FC312090095 -119.2 -406.1 -658.5 -334.5 -25.7 -380.6 -227.7 -438.8
 
Balance sheet account (end of period)
Line 95 Total assets FL312000095 9356.8 9668.3 9593.6 9614.0 9704.6 10408.8 10751.4 11111.2
Line 96 Nonfinancial assets(5) LM312010095 4640.5 4672.6 4710.1 4778.9 4831.0 4880.0 4943.8 5028.8
Line 97 Structures LM315015605 2191.6 2195.5 2196.4 2229.6 2245.4 2261.8 2289.8 2326.0
Line 98 Equipment LM315013265 1003.9 1010.2 1023.6 1036.3 1050.9 1058.9 1068.7 1112.2
Line 99 Intellectual property products LM315013765 1445.1 1466.9 1490.1 1513.0 1534.8 1559.3 1585.3 1590.6
Line 100 Financial assets FL314090005 4716.2 4995.7 4883.6 4835.0 4873.6 5528.8 5807.6 6082.4
Line 101 Monetary gold and SDRs FL313011105 775.7 860.6 849.2 985.0 1034.5 1175.0 1316.2 1399.0
Line 102 Monetary gold LM313011203 609.5 687.7 682.3 814.6 859.7 1000.3 1142.2 1227.2
Line 103 SDR holdings LM313011303 166.2 172.9 166.9 170.4 174.8 174.7 174.0 171.8
Line 104 Currency and deposits FL314000005 891.4 999.5 833.6 519.8 575.1 1014.4 994.2 1016.2
Line 105 Currency and transferable deposits FL313020005 785.7 890.6 728.4 410.9 460.8 894.4 877.5 896.1
Line 106 Time and savings deposits FL313030003 1.4 1.8 1.5 1.4 1.5 1.4 1.3 1.5
Line 107 Other deposits FL313030505 104.3 107.0 103.7 107.5 112.8 118.5 115.3 118.6
Line 108 Debt securities FL314022005 3.6 3.2 6.5 8.7 8.6 5.4 10.4 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 3.6 3.2 6.5 8.7 8.6 5.4 10.4 10.1
Line 111 Loans FL314035005 2181.9 2220.1 2254.0 2298.5 2305.1 2340.0 2408.3 2437.1
Line 112 Short-term FL314041005 2001.5 2038.5 2070.0 2112.2 2117.8 2148.8 2216.8 2245.3
Line 113 Repurchase agreements (official reserves) LM313011545 -0.0 2.1 -0.0 0.0 0.0 0.0 0.0 0.0
Line 114 Consumer credit FL313066220 1484.9 1515.7 1518.0 1539.5 1545.3 1573.3 1578.0 1604.2
Line 115 Other loans and advances FL313069005 516.6 520.7 552.1 572.6 572.5 575.5 638.8 641.0
Line 116 Long-term (mortgages) FL313065005 180.4 181.6 183.9 186.4 187.3 191.1 191.5 191.8
Line 117 Equity and investment fund shares FL313081105 369.4 387.8 403.4 420.7 437.9 472.3 493.8 528.5
Line 118 Corporate equities LM313064105 287.8 305.8 323.0 340.1 357.3 390.9 414.2 447.4
Line 119 Equity in international organizations FL313092803 76.5 77.0 77.0 77.1 78.5 78.7 78.7 80.3
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 5.0 3.5 3.5 2.0 2.7 0.8 0.8
Line 123 Other accounts receivable FL313096005 494.2 524.6 536.9 602.3 512.4 521.7 584.8 691.5
Line 124 Trade receivables FL313070000 113.6 120.4 115.8 114.6 122.5 119.8 121.2 115.0
Line 125 Taxes receivable FL313078000 380.6 404.2 421.1 487.7 389.9 401.9 463.6 576.5
Line 126 Total liabilities and net worth FL312000095 9356.8 9668.3 9593.6 9614.0 9704.6 10408.8 10751.4 11111.2
Line 127 Liabilities FL314190005 32622.3 33339.9 33923.8 34278.6 34395.0 35479.7 36050.0 36848.5
Line 128 SDR allocations FL313111303 151.1 155.8 149.8 152.6 157.8 157.5 157.3 155.8
Line 129 Currency and deposits FL314100005 52.4 52.5 52.5 52.5 52.6 52.7 52.9 53.1
Line 130 Debt securities FL314122005 26923.4 27606.7 28159.9 28468.0 28539.5 29593.7 30091.5 30663.6
Line 131 Treasury securities FL313161105 26903.1 27586.4 28139.5 28447.3 28518.3 29571.6 30069.6 30641.5
Line 132 Federal agency securities FL313161705 20.2 20.3 20.5 20.7 21.1 22.1 21.9 22.1
Line 133 Loans FL314135005 3229.8 3290.7 3456.8 3426.7 3294.9 3520.1 3817.4 3818.5
Line 134 Insurance, pension and standardized guarantee schemes FL313152005 1646.3 1611.1 1457.6 1515.6 1669.9 1465.0 1233.1 1260.5
Line 135 Insurance reserves FL313140003 55.3 56.3 56.5 57.6 57.7 58.9 59.1 60.1
Line 136 Retiree Health Care Funds FL313195105 416.1 415.0 439.1 437.6 438.9 441.0 474.3 472.2
Line 137 Claims of pension fund on sponsor FL343073045 1174.9 1139.8 962.0 1020.4 1173.2 965.0 699.7 728.3
Line 138 Other accounts payable FL313196005 619.4 623.2 647.2 663.1 680.3 690.7 697.7 897.0
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 10.2 15.2 15.2 15.2 15.2 15.2 15.2
Line 141 Trade payables FL313170005 598.1 602.0 620.9 636.9 654.1 664.5 671.5 704.5
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 0.0 166.2
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 -23265.6 -23671.6 -24330.1 -24664.6 -24690.3 -25070.9 -25298.6 -25737.4

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: June 11, 2026