Financial Accounts of the United States - Z.1
F.105 General government1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Current receipts, NIPA basis | FA366010115 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Personal current taxes | FA366210005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Taxes on production and imports | FA366240005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Taxes on corporate income | FA366231005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Taxes from the rest of the world | FA316231061 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Contributions for govt. social insurance | FA366601005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Income receipts on assets | FA366150105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Current transfer receipts | FA366403105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Current surplus of government enterprises | FA366402105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Current expenditures, NIPA basis | FA366900015 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Consumption expenditures | FA366901005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Government social benefits | FA366404005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Other current transfer payments | FA366403005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Interest payments | FA366130005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Subsidies | FA366402005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Net saving, NIPA basis | FA366006005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | + Consumption of fixed capital | FA366300005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | - Insurance and pension fund reserves2 | FA313154015 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | - Net capital transfers3 | FA365440095 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | = Gross saving less net capital transfers | FA366000105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Gross investment | FA365090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Fixed investment | FA365019005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Nonproduced nonfinancial assets | FA365420005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Net lending (+) or net borrowing (-) | FA365000005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Net acquisition of financial assets | FA364090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Monetary gold and SDRs | FA313011105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Checkable deposits and currency | FA363020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Time and savings deposits | FA363030005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Other deposits | FA313030505 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Money market fund shares | FA213034003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Security repurchase agreements | FA362051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Debt securities | FA364022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Open market paper | FA213069103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Treasury securities | FA213061103 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Agency- and GSE-backed securities | FA363061705 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Municipal securities | FA213062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Corporate and foreign bonds | FA363063005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Loans | FA364023005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Mortgages | FA363065005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Consumer credit | FA313066220 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Other loans and advances | FA363069005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Corporate equities | FA363064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Miscellaneous other equity | FA313081115 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Mutual fund shares | FA213064203 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Trade receivables | FA363070005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Taxes receivable | FA363078005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Miscellaneous assets | FA213093003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Net increase in liabilities | FA364190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | SDR allocations | FA313111303 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Treasury currency | FA313125003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Other deposits (Postal Savings System deposits) | FA313131003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Debt securities | FA364122005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Treasury securities | FA313161105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Budget agency securities | FA313161705 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Municipal securities | FA213162005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Loans | FA364123005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Depository institution loans n.e.c. | FA213168003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Other loans and advances | FA363169005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Multifamily residential mortgages | FA313165403 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Insurance reserves | FA313140003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Trade payables | FA363170005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Miscellaneous liabilities | FA363190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Discrepancy | FA367005005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 64 | Net acquisition of financial assets (consolidated)4 | FA374090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Net increase in liabilities (consolidated)4 | FA374190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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.
- Table F.5, line 63 less line 12.
- Excludes Treasury securities and municipal securities held by state and local governments (lines 34 and 36) and federal government loans to state and local governments (line 58).
Last Update: March 9, 2026