Board of Governors of the Federal Reserve System

Annual third quarter stocks outstanding from US Government Accountability Office, Financial Report of the United States Government, Notes to the Financial Statements. Note 3, Accounts and Taxes Receivables, Gross taxes receivable. Seasonally adjusted and unadjusted transactions are calculated as the sum of the differences between NIPA taxes on an accrual basis and Monthly Treasury Statement tax receipts for income taxes (FOF series FU316231001 less FOF series FU316233130), unemployment insurance (FOF series FU316231011 less FOF series FU316233110) and excise taxes (FOF series FU316231021 less FOF series FU316233120). First, second, and fourth quarter stocks outstanding are equal to the previous stocks outstanding plus the quarter's unadjusted transactions. The stocks outstanding for the period 2017:Q4 through 2019:Q2 reflects the capital transfer received by the federal government in 2017:Q4 and payments made by corporations in 2018:Q2 and 2019:Q2 for the one-time repatriation tax incurred by the Tax Cut and Jobs Act of 2017 on businesses' foreign earnings accumulated after 1986 (FOF series FU315400003). Beginning 2019:Q3, Note 3, Accounts and Taxes Receivables, Gross taxes receivable includes taxes receivable from the 2017 repatriation tax.