Financial Accounts of the United States - Z.1
S13.t General government 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Current receipts, NIPA basis | FA366010115 | 8466.2 | 8969.8 | 9619.5 | 9172.1 | 9264.5 | 9527.3 | 9762.8 | 9923.4 | 9940.2 |
| Line 2 | Personal current taxes | FA366210005 | 2835.7 | 2988.2 | 3233.8 | 3072.9 | 3154.0 | 3200.9 | 3268.4 | 3311.7 | 3220.1 |
| Line 3 | Taxes on production and imports | FA366240005 | 1861.0 | 1954.7 | 2213.8 | 1988.0 | 2014.4 | 2203.1 | 2289.6 | 2348.0 | 2356.6 |
| Line 4 | Taxes on corporate income | FA366231005 | 597.8 | 663.7 | 677.4 | 682.8 | 653.6 | 652.7 | 675.2 | 728.0 | 784.0 |
| Line 5 | Taxes from the rest of the world | FA316231061 | 36.0 | 38.9 | 41.5 | 40.9 | 40.0 | 42.8 | 40.2 | 42.9 | 43.1 |
| Line 6 | Contributions for govt. social insurance | FA366601005 | 1807.1 | 1929.6 | 2025.8 | 1965.9 | 2002.6 | 2011.8 | 2038.0 | 2050.8 | 2086.7 |
| Line 7 | Income receipts on assets | FA366150105 | 168.3 | 196.3 | 218.4 | 202.7 | 213.6 | 215.0 | 219.9 | 225.4 | 229.4 |
| Line 8 | Current transfer receipts | FA366403105 | 1207.1 | 1245.9 | 1261.5 | 1267.1 | 1234.7 | 1253.4 | 1284.4 | 1273.3 | 1280.0 |
| Line 9 | Current surplus of government enterprises | FA366402105 | -46.9 | -47.5 | -52.5 | -48.2 | -48.3 | -52.4 | -52.8 | -56.6 | -59.8 |
| Line 10 | Current expenditures, NIPA basis | FA366900015 | 10310.7 | 11022.9 | 11648.5 | 11273.7 | 11369.9 | 11608.5 | 11791.6 | 11824.1 | 11957.0 |
| Line 11 | Consumption expenditures | FA366901005 | 3765.9 | 3991.8 | 4165.3 | 4071.4 | 4104.9 | 4132.0 | 4208.5 | 4215.9 | 4277.6 |
| Line 12 | Government social benefits | FA366404005 | 4182.5 | 4490.0 | 4883.3 | 4593.2 | 4722.2 | 4890.3 | 4940.3 | 4980.6 | 5021.4 |
| Line 13 | Other current transfer payments | FA366403005 | 1041.6 | 1049.2 | 1034.6 | 1084.0 | 1016.9 | 1033.3 | 1050.3 | 1037.9 | 1043.4 |
| Line 14 | Interest payments | FA366130005 | 1218.5 | 1397.6 | 1453.2 | 1430.4 | 1418.3 | 1433.0 | 1468.4 | 1493.0 | 1480.0 |
| Line 15 | Subsidies | FA366402005 | 102.3 | 94.2 | 112.1 | 94.7 | 107.7 | 120.0 | 124.2 | 96.6 | 134.6 |
| Line 16 | Net saving, NIPA basis | FA366006005 | -1844.5 | -2053.2 | -2029.0 | -2101.6 | -2105.4 | -2081.2 | -2028.8 | -1900.6 | -2016.8 |
| Line 17 | + Consumption of fixed capital | FA366300005 | 770.3 | 803.8 | 849.3 | 819.7 | 830.8 | 840.6 | 855.3 | 870.4 | 881.9 |
| Line 18 | - Insurance and pension fund reserves(2) | FA313154015 | -1.4 | -0.8 | -0.5 | 1.2 | -0.9 | -0.7 | 0.5 | -1.0 | -0.3 |
| Line 19 | - Net capital transfers | FA365440095 | 154.4 | 47.2 | -18.4 | 31.7 | 6.5 | -17.5 | -20.2 | -42.4 | 643.8 |
| Line 20 | = Gross saving less net capital transfers | FA366000105 | -1227.2 | -1295.7 | -1160.8 | -1314.9 | -1280.3 | -1222.3 | -1153.9 | -986.9 | -1778.4 |
| Line 21 | Gross investment | FA365090005 | -1548.8 | -1198.1 | -992.7 | -1649.9 | -1513.2 | -223.8 | -1414.7 | -819.2 | -1842.6 |
| Line 22 | Fixed investment | FA365019005 | 975.3 | 1049.3 | 1109.8 | 1079.3 | 1090.6 | 1105.0 | 1115.9 | 1127.6 | 1138.8 |
| Line 23 | Nonproduced nonfinancial assets | FA365420005 | 18.8 | 20.5 | 22.4 | 21.5 | 21.7 | 22.2 | 22.5 | 23.1 | 23.4 |
| Line 24 | Net lending (+) or net borrowing (-) | FA365000005 | -2542.8 | -2267.9 | -2124.9 | -2750.7 | -2625.5 | -1351.1 | -2553.1 | -1969.9 | -3004.7 |
| Line 25 | Net acquisition of financial assets | FA364090005 | 378.5 | 230.5 | 513.8 | -305.2 | -894.5 | 383.7 | 2165.3 | 400.5 | 621.2 |
| Line 26 | Monetary gold and SDRs | FA313011105 | 4.6 | 5.1 | -1.2 | 2.7 | 1.4 | -5.2 | 1.1 | -2.2 | 0.8 |
| Line 27 | Checkable deposits and currency | FA363020005 | 336.3 | -34.0 | 191.3 | -595.9 | -1236.3 | 200.6 | 1743.0 | 57.9 | 38.8 |
| Line 28 | Time and savings deposits | FA363030005 | 3.9 | 0.0 | -20.4 | -21.3 | 10.1 | -4.6 | -47.8 | -39.5 | 41.3 |
| Line 29 | Other deposits | FA313030505 | 3.8 | 10.8 | 12.6 | 2.1 | 18.9 | 11.1 | 10.7 | 9.9 | 10.5 |
| Line 30 | Debt securities | FA364022005 | 76.9 | 106.0 | 86.6 | 71.7 | 19.3 | 287.0 | 122.0 | -81.9 | 123.6 |
| Line 31 | Open market paper | FA213069103 | 3.4 | -0.2 | 32.1 | -20.3 | 92.9 | 55.8 | -30.2 | 10.0 | 56.8 |
| Line 32 | Treasury securities | FA213061103 | 66.5 | 85.2 | 31.4 | 85.0 | -73.9 | 157.6 | 102.2 | -60.3 | 36.6 |
| Line 33 | Agency- and GSE-backed securities | FA363061705 | 7.1 | 11.7 | 14.0 | -9.8 | -2.0 | 42.3 | 36.6 | -20.7 | 10.0 |
| Line 34 | Municipal securities | FA213062003 | 1.7 | 2.4 | 2.2 | -1.3 | 4.6 | 6.9 | 0.6 | -3.3 | 2.0 |
| Line 35 | Corporate and foreign bonds | FA363063005 | -1.8 | 6.9 | 6.8 | 18.1 | -2.3 | 24.3 | 12.8 | -7.5 | 18.2 |
| Line 36 | Loans | FA364035005 | -68.0 | 124.6 | 121.2 | 47.4 | 137.6 | 178.4 | 125.7 | 43.0 | 96.9 |
| Line 37 | Security repurchase agreements | FA362051005 | 11.1 | 8.9 | 12.8 | -22.3 | 10.8 | 25.5 | 24.0 | -8.9 | -0.0 |
| Line 38 | Consumer credit | FA313066220 | -25.1 | 55.8 | 60.1 | 14.6 | 63.0 | 86.5 | 71.6 | 19.2 | 85.4 |
| Line 39 | Mortgages | FA363065005 | -22.8 | 13.2 | 22.1 | 14.8 | 24.0 | 18.1 | 30.0 | 16.2 | 1.3 |
| Line 40 | Other loans and advances | FA363069005 | -31.1 | 46.6 | 26.2 | 40.2 | 39.8 | 48.3 | 0.2 | 16.5 | 10.3 |
| Line 41 | Corporate equities | FA363064105 | -19.4 | -22.0 | -4.2 | -27.1 | 35.1 | -43.8 | 7.0 | -15.0 | 53.0 |
| Line 42 | Miscellaneous other equity | FA313081115 | -6.2 | -1.7 | -0.9 | -6.2 | 0.4 | 0.2 | 3.5 | -7.5 | 6.3 |
| Line 43 | Money market fund shares | FA213034003 | 6.8 | 9.9 | -1.0 | 19.2 | -4.5 | -8.3 | 2.2 | 6.6 | 1.2 |
| Line 44 | Mutual fund shares | FA213064203 | -4.3 | -4.4 | -4.7 | -2.8 | 7.8 | -13.2 | -7.1 | -6.1 | 6.2 |
| Line 45 | Trade receivables | FA363070005 | 30.3 | 14.7 | 35.6 | 9.2 | 34.4 | 51.2 | 15.4 | 41.6 | 30.2 |
| Line 46 | Taxes receivable | FA363078005 | -0.9 | 11.0 | 88.3 | 214.0 | 72.6 | -290.4 | 170.0 | 400.9 | 212.4 |
| Line 47 | Miscellaneous assets | FA213093003 | 14.5 | 10.6 | 10.4 | -18.1 | 8.8 | 20.7 | 19.5 | -7.2 | -0.0 |
| Line 48 | Net increase in liabilities | FA364190005 | 2921.3 | 2498.4 | 2638.7 | 2445.5 | 1731.0 | 1734.8 | 4718.4 | 2370.4 | 3625.9 |
| Line 49 | SDR allocations | FA313111303 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 50 | Treasury currency | FA313125003 | 0.3 | 0.1 | 0.4 | 0.1 | 0.2 | 0.1 | 0.5 | 0.7 | 0.7 |
| Line 51 | 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 52 | Debt securities | FA364122005 | 2405.3 | 2012.0 | 2088.8 | 1921.4 | 1202.2 | 1208.3 | 4183.9 | 1760.8 | 2352.4 |
| Line 53 | Treasury securities | FA313161105 | 2381.6 | 1912.9 | 1930.2 | 1966.6 | 1056.2 | 921.8 | 3988.7 | 1753.9 | 2126.0 |
| Line 54 | Budget agency securities | FA313161705 | 0.4 | 0.3 | 1.4 | 0.8 | 1.0 | 1.8 | 3.7 | -0.7 | 0.7 |
| Line 55 | Municipal securities | FA213162005 | 23.4 | 98.8 | 157.2 | -45.9 | 145.0 | 284.7 | 191.5 | 7.5 | 225.7 |
| Line 56 | Loans | FA364135005 | 234.5 | 227.7 | 364.3 | 414.5 | -2.4 | -446.3 | 973.0 | 932.7 | 123.8 |
| Line 57 | Depository institution loans n.e.c. | FA213168003 | -5.0 | -5.2 | 2.9 | 6.8 | -3.3 | 5.3 | 6.2 | 3.3 | -5.7 |
| Line 58 | Multifamily residential mortgages | FA313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 59 | Other loans and advances | FA363169005 | 239.4 | 232.9 | 361.4 | 407.7 | 0.9 | -451.6 | 966.8 | 929.4 | 129.5 |
| Line 60 | Insurance reserves | FA313140003 | 1.3 | 2.2 | 2.6 | 0.8 | 4.5 | 0.3 | 4.9 | 0.5 | 4.1 |
| Line 61 | Trade payables | FA363170005 | 155.7 | 108.8 | 127.0 | 158.5 | 115.9 | 136.7 | 140.8 | 114.4 | 190.3 |
| Line 62 | Miscellaneous liabilities | FA363190005 | 124.1 | 147.6 | 55.7 | -49.9 | 410.6 | 835.7 | -584.8 | -438.7 | 954.6 |
| Line 63 | Discrepancy | FA367005005 | 321.6 | -97.6 | -168.1 | 335.0 | 232.9 | -998.5 | 260.8 | -167.7 | 64.2 |
| Memo: | |||||||||||
| Line 64 | Net acquisition of financial assets (consolidated)(3) | FA374090005 | 317.6 | 134.5 | 495.6 | -305.7 | -784.0 | 169.6 | 2074.2 | 522.7 | 580.7 |
| Line 65 | Net increase in liabilities (consolidated)(3) | FA374190005 | 2860.5 | 2402.4 | 2620.5 | 2444.9 | 1841.5 | 1520.7 | 4627.3 | 2492.6 | 3585.4 |
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 (lines 32 and 34) and federal government loans to state and local governments (line 59).
Last Update: June 11, 2026