Financial Accounts of the United States - Z.1
S1311.i.q Federal government 🕮 PDF
Billions of dollars
| 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 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA316300001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA316902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation of employees (paid) | FA316025001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Operating surplus, net | FA316402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Net national income/Balance of primary incomes, net | FA316140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Operating surplus, net | FA316402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Taxes on production and imports, receivable | FA316240001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Subsidies (paid) | FA316402015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Property income received, net | FA316150175 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Net national income/Balance of primary incomes, net | FA316140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Plus: Current taxes on income, wealth, etc. (received) | FA316220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Plus: Social benefits (received) | FA316601001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Less: Social contributions (paid) | FA316404001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Plus: Other current transfers (received) | FA316403105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Less: Other current transfers (paid) | FA316403001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Equals: Disposable income, net | FA316012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Less: Final consumption expenditures | FA316901001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Equals: Net saving | FA316006085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 20 | Net saving less capital transfers | FA316006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Net saving | FA316006085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Less: Capital transfers paid (net) | FA315440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Capital formation, net | FA315050905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Gross fixed capital formation (acquisition of produced nonfinancial assets) | FA315019001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Less: Consumption of fixed capital | FA316300001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Acquisition of nonproduced nonfinancial assets | FA315420003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Net lending (+) or borrowing (-), capital account (lines 20-23) | FA315000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 28 | Net lending (+) or borrowing (-) (line 27) | FA315000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Net acquisition of financial assets | FA314090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Monetary gold and SDRs | FA313011105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Monetary gold | FA313011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | SDR holdings | FA313011303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Currency and deposits | FA314000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Currency and transferable deposits | FA313020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Time and savings deposits | FA313030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Other deposits | FA313030505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Debt securities | FA314022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Agency- and GSE-backed securities | FA313061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Corporate and foreign bonds | FA313063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Loans | FA314035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Short-term | FA314041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Repurchase agreements (official reserves) | FA313011545 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Consumer credit | FA313066220 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Other loans and advances | FA313069005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Long-term (mortgages) | FA313065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Equity and investment fund shares | FA313081105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Corporate equities | FA313064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Equity in international organizations | FA313092803 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Equity in government-sponsored enterprises | FA313092403 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Equity investment under Public-Private Inv. Program | FA313094303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Equity investment in Federal Reserve facilities | FA313094205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Other accounts receivable | FA313096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Trade receivables | FA313070000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Taxes receivable | FA313078000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Net incurrence of liabilities | FA314190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | SDR allocations | FA313111303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Currency and deposits | FA314100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Debt securities | FA314122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Treasury securities | FA313161105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Federal agency securities | FA313161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Loans | FA314135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Insurance, pension and standardized guarantee schemes | FA313152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Insurance reserves | FA313140003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Retiree Health Care Funds | FA313195105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Claims of pension fund on sponsor | FA343073045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Other accounts payable | FA313196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Gold certificates | FA713011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | SDR certificates | FA713014003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Trade payables | FA313170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | PPP subsidies payable | FA313172003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Tariff refund payable | FA313190603 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Other (miscellaneous liabilities) | FA313193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 72 | Net lending (+) or borrowing (-), financial account (lines 29-55) | FA315000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 73 | Total other volume changes | FV318090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Disaster losses | FV312010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Other volume changes | FV318090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | Less: Statistical discrepancy | FU317005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 77 | Nonfinancial assets | FR312010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Structures | FR315015605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Equipment | FR315013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Intellectual property products | FR315013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Financial assets | FR314090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Monetary gold and SDRs | FR313011105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Currency and deposits | FR314000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Repurchase agreements (official reserves) | FR313011545 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Debt securities (foreign bonds) | FR313063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Loans (other loans and advances) | FR313069005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Corporate equities | FR313064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Equity investment under Public-Private Inv. Program | FR313094303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Liabilities | FR314190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | SDR allocations | FR313111303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Other accounts payable | FR313190015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Changes in net worth due to nominal holding gains/losses | FR312090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 93 | Change in net worth | FC312090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 94 | Total assets | FL312000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Nonfinancial assets | LM312010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | Structures | LM315015605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Equipment | LM315013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Intellectual property products | LM315013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Financial assets | FL314090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Monetary gold and SDRs | FL313011105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Monetary gold | LM313011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | SDR holdings | LM313011303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Currency and deposits | FL314000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Currency and transferable deposits | FL313020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Time and savings deposits | FL313030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Other deposits | FL313030505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Debt securities | FL314022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Agency- and GSE-backed securities | FL313061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Corporate and foreign bonds | FL313063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Loans | FL314035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Short-term | FL314041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Repurchase agreements (official reserves) | LM313011545 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Consumer credit | FL313066220 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Other loans and advances | FL313069005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Long-term (mortgages) | FL313065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Equity and investment fund shares | FL313081105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Corporate equities | LM313064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Equity in international organizations | FL313092803 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Equity in government-sponsored enterprises | FL313092403 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Equity investment under Public-Private Inv. Program | LM313094303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Equity investment in Federal Reserves facilities | FL313094205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Other accounts receivable | FL313096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Trade receivables | FL313070000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Taxes receivable | FL313078000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Total liabilities and net worth | FL312000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Liabilities | FL314190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | SDR allocations | FL313111303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Currency and deposits | FL314100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Debt securities | FL314122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Treasury securities | FL313161105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Federal agency securities | FL313161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Loans | FL314135005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Insurance, pension and standardized guarantee schemes | FL313152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Insurance reserves | FL313140003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Retiree Health Care Funds | FL313195105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Claims of pension fund on sponsor | FL343073045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Other accounts payable | FL313196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Gold certificates | FL713011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | SDR certificates | FL713014003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Trade payables | FL313170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | PPP subsidies payable | FL313172003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Tariff refund payable | FL313190603 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Other (miscellaneous liabilities) | FL313193013 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 144 | Net worth | FL312090095 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- The federal government sector excludes federal government employee pension funds.
- 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.
- 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.
- 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.
- Excludes land and nonproduced nonfinancial assets.
Last Update: 2026-05-22