Financial Accounts of the United States - Z.1
S.7.a Federal government1
Billions of dollars
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | Wages and salaries | FA316020001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA316401005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Operating surplus, net | FA316402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Net national income/Balance of primary incomes, net | FA316140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Operating surplus, net | FA316402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Taxes on production and imports, receivable | FA316240001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Subsidies (paid) | FA316402015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Property income (received) | FA316150195 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Interest | FA316130101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Distributed income of corporations (dividends) | FA316121185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Rents on land and natural resources | FA316112101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Less: Uses of property income (interest paid) | FA316130095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Net national income/Balance of primary incomes, net | FA316140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Plus: Current taxes on income, wealth, etc. (received) | FA316220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Plus: Social benefits (received) | FA316601001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Less: Social contributions (paid) | FA316404001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Plus: Other current transfers (received) | FA316403105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Less: Other current transfers (paid) | FA316403001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Equals: Disposable income, net | FA316012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Less: Final consumption expenditures | FA316901001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Equals: Net saving | FA316006085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 26 | Net saving less capital transfers | FA316006385 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Net saving | FA316006085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Less: Capital transfers paid (net) | FA315440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Capital formation, net | FA315050905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross fixed capital formation (acquisition of | ||||||||||
| Line 30 | produced nonfinancial assets) | FA315019001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Less: Consumption of fixed capital | FA316300001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Acquisition of nonproduced nonfinancial assets | FA315420003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 26-29) | FA315000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA315000995 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Net acquisition of financial assets | FA314090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Monetary gold and SDRs | FA313011105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Monetary gold | FA313011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | SDR holdings | FA313011303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Currency and deposits | FA314000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Currency and transferable deposits | FA313020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Time and savings deposits | FA313030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Other deposits | FA313030505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Debt securities | FA314022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Agency- and GSE-backed securities | FA313061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Corporate and foreign bonds | FA313063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Loans | FA314035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Short term | FA314041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Repurchase agreements (official reserves) | FA313011545 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Consumer credit | FA313066220 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Other loans and advances | FA313069005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Long term (mortgages) | FA313065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Equity and investment fund shares | FA313081105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Corporate equities | FA313064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Equity in international organizations | FA313092803 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Equity in government-sponsored enterprises2 | FA313092403 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Equity investment under Public-Private Inv. Program | FA313094303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Equity investment in Federal Reserve facilities | FA313094205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Other accounts receivable | FA313096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Trade receivables | FA313070000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Taxes receivable | FA313078000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Net incurrence of liabilities | FA314190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | SDR allocations | FA313111303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Currency and deposits | FA314100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Debt securities | FA314122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Treasury securities | FA313161105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Federal agency securities | FA313161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Loans | FA314123005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Insurance, pension and standardized guarantee schemes | FA313152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Insurance reserves | FA313140003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Retiree Health Care Funds | FA313195105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Claims of pension fund on sponsor | FA343073045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Other accounts payable | FA313196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Gold certificates | FA713011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | SDR certificates | FA713014003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Trade payables | FA313170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 76 | PPP subsidies payable | FA313172003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 77 | Other (miscellaneous liabilities) | FA313193005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 78 | Net lending (+) or borrowing (-), financial account (lines 35-61) | FA315000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 79 | Total other volume changes | FV318090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Disaster losses | FV312010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Other volume changes | FV318090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 82 | Less: Statistical discrepancy (lines 33-78)3 | FU317005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 83 | Nonfinancial assets | FR312010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Structures | FR315015605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Equipment | FR315013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Intellectual property products | FR315013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Financial assets | FR314090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Monetary gold and SDRs | FR313011105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Currency and deposits | FR314000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Repurchase agreements (official reserves) | FR313011545 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Debt securities (foreign bonds) | FR313063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Loans (other loans and advances) | FR313069005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Corporate equities | FR313064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Equity investment under Public-Private Inv. Program | FR313094303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Liabilities | FR314190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 96 | SDR allocations | FR313111303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 97 | Other accounts payable | FR313190015 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Changes in net worth due to nominal holding gains/losses | FR312090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 99 | Change in net worth (lines 29+33+79+98) | FC312090095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 100 | Total assets | FL312000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Nonfinancial assets4 | LM312010095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Structures | LM315015605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Equipment | LM315013265 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Intellectual property products | LM315013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Financial assets | FL314090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Monetary gold and SDRs | FL313011105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Monetary gold | LM313011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | SDR holdings | LM313011303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Currency and deposits | FL314000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Currency and transferable deposits | FL313020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Time and savings deposits | FL313030003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Other deposits | FL313030505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Debt securities | FL314022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Agency- and GSE-backed securities | FL313061703 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Corporate and foreign bonds | FL313063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Loans | FL314035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Short term | FL314041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Repurchase agreements (official reserves) | LM313011545 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Consumer credit | FL313066220 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Other loans and advances | FL313069005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Long term (mortgages) | FL313065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Equity and investment fund shares | FL313081105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Corporate equities | LM313064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Equity in international organizations | FL313092803 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Equity in government-sponsored enterprises2 | FL313092403 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Equity investment under Public-Private Inv. Program | LM313094303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Equity investment in Federal Reserves facilities | FL313094205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Other accounts receivable | FL313096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Trade receivables | FL313070000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Taxes receivable | FL313078000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Total liabilities and net worth | FL312000095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Liabilities | FL314190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | SDR allocations | FL313111303 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Currency and deposits | FL314100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Debt securities | FL314122005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Treasury securities | FL313161105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Federal agency securities | FL313161705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Loans | FL314123005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Insurance, pension and standardized guarantee schemes | FL313152005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Insurance reserves | FL313140003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 141 | Retiree Health Care Funds | FL313195105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 142 | Claims of pension fund on sponsor | FL343073045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 143 | Other accounts payable | FL313196005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 144 | Gold certificates | FL713011203 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 145 | SDR certificates | FL713014003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 146 | Trade payables | FL313170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 147 | PPP subsidies payable | FL313172003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 148 | Other (miscellaneous liabilities) | FL313193013 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 149 | 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. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
- Excludes land and nonproduced nonfinancial assets.
Last Update: March 9, 2026