Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: March 6, 2014
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F.105.c Consolidated Statement for Federal, State, and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2009
2010
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2012
Q3
2012
Q4
2013
Q1
2013
Q2
2013
Q3
2013
Q4

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Consolidated governments; current receipts, NIPA basis 3691.2 3885.0 4074.1 4259.2 4695.2 4248.5 4320.3 4547.3 4832.0 4623.3 4778.2 1
Consolidated governments; personal current taxes 1144.9 1191.5 1404.0 1498.0 1659.3 1496.4 1552.8 1629.0 1668.8 1657.6 1681.9 2
Consolidated governments; taxes on production and imports, receivable (IMA) 1026.1 1057.1 1097.1 1122.9 1147.7 1118.8 1126.3 1140.7 1138.8 1149.0 1162.2 3
Consolidated governments; taxes on corporate income (accrual basis) 246.0 346.3 345.0 402.4 381.4 407.2 399.2 375.4 384.7 383.2 382.0 4
Federal government; taxes from the rest of the world 14.8 15.7 16.3 17.8 20.0 17.1 19.9 19.2 19.4 20.0 21.5 5
Consolidated governments; contributions for government social insurance received 969.4 989.0 922.6 955.3 1111.4 952.0 972.6 1099.0 1108.6 1114.3 1123.9 6
Consolidated governments; property income (received) 136.3 137.2 137.4 131.4 246.0 130.5 132.6 154.3 380.6 175.3 273.9 7
Consolidated governments; other current transfers received 174.3 171.1 175.4 159.1 169.0 155.0 148.7 165.1 170.0 165.3 175.7 8
Consolidated governments; operating surplus, net -20.6 -22.9 -23.8 -27.7 -39.7 -28.5 -31.8 -35.5 -39.0 -41.4 -43.0 9
Consolidated governments; current expenditures 5213.0 5451.8 5535.4 5621.6 5669.3 5627.9 5653.0 5630.1 5682.7 5699.3 5665.0 10
Consolidated governments; consumption expenditures 2442.1 2522.2 2526.1 2548.0 2519.0 2572.9 2538.1 2525.3 2517.5 2523.2 2510.0 11
Consolidated governments; social contributions paid 2117.5 2250.5 2277.4 2334.8 2418.5 2341.9 2366.1 2400.4 2404.9 2431.8 2436.8 12
Consolidated governments; other current transfers paid 52.7 50.6 56.5 49.9 49.0 52.3 40.9 47.6 52.4 53.5 42.4 13
Consolidated governments; interest paid 542.4 572.7 615.5 631.6 624.5 604.8 650.2 598.8 649.0 631.7 618.3 14
Consolidated governments; subsidies paid 58.3 55.9 60.0 57.3 58.4 56.0 57.7 58.0 58.9 59.1 57.5 15
Consolidated governments; net saving including net capital transfers paid -1521.7 -1566.8 -1461.3 -1362.3 -974.1 -1379.4 -1332.7 -1082.9 -850.7 -1075.9 -886.8 16
Consolidated governments; consumption of fixed capital, equipment, software, and structures, current cost basis 442.7 458.1 478.1 493.6 505.2 495.3 497.4 500.5 503.4 506.1 510.6 17
Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability 0.5 -1.7 -0.4 -1.4 -1.2 -1.6 -1.6 -1.9 -0.4 -2.6 -0.0 18
Households and nonprofit organizations; adjustment to contributions for government social insurance paid for U.S. affiliated areas 5.0 4.9 4.4 4.6 5.3 4.6 4.7 5.3 5.3 5.3 5.4 19
Consolidated governments; net capital transfers paid excluding payments under the financial stabilization program -3.4 8.1 7.5 5.8 -12.2 0.8 23.0 -5.4 -10.3 -13.4 -19.6 20
Consolidated governments; gross saving less net capital transfers paid -1081.1 -1120.1 -994.7 -877.7 -460.9 -887.8 -861.4 -580.4 -342.0 -559.1 -362.0 21
Consolidated governments; gross investment -1082.1 -1066.5 -1043.0 -759.7 -369.9 -416.1 -778.5 -779.2 177.9 -458.5 -419.9 22
Consolidated governments; gross fixed investment 647.0 651.8 632.6 619.0 605.9 620.6 612.5 598.8 604.4 614.4 606.2 23
Consolidated governments; acquisition of nonproduced nonfinancial assets (net) 3.4 9.6 9.2 8.9 8.8 8.8 8.7 9.2 8.8 8.2 8.9 24
Consolidated governments; net lending (+) or borrowing (-) (financial account) -1732.5 -1727.9 -1684.9 -1387.6 -984.6 -1045.5 -1399.7 -1387.2 -435.3 -1081.0 -1034.9 25
Consolidated governments; total financial assets 265.1 339.6 -166.8 51.7 226.1 75.5 -0.6 192.5 321.3 -45.3 436.0 26
Federal government; U.S. official reserve assets 51.9 1.6 16.2 4.3 -1.5 3.1 -3.7 3.3 -1.0 -4.2 -4.3 27
Consolidated governments; checkable deposits and currency; asset -155.1 154.5 -241.0 -2.3 76.9 -35.7 66.5 5.1 120.2 -160.3 342.7 28
Consolidated governments; total time and savings deposits; asset 9.6 -6.8 14.2 20.5 20.5 37.0 4.0 11.9 54.1 14.0 2.0 29
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 9.8 13.7 -0.1 -8.8 1.2 -6.7 -18.7 2.0 6.4 -2.6 -1.2 30
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset -4.2 -1.4 -6.5 -6.9 0.9 -5.3 -14.7 1.6 5.1 -2.0 -0.9 31
Consolidated governments; credit market instruments; asset 288.2 136.8 -13.6 47.9 130.6 72.2 -26.1 176.8 166.5 88.1 91.1 32
State and local governments, excluding employee retirement funds; commercial paper; asset -39.0 13.0 -10.8 -5.4 0.7 -4.1 -11.3 1.2 3.9 -1.6 -0.7 33
Consolidated governments; agency- and GSE-backed securities; asset 151.7 -24.8 -130.8 -60.5 3.9 -22.3 -62.3 6.7 21.4 -8.6 -3.9 34
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 1.0 1.4 0.1 -0.8 0.1 -0.6 -1.6 0.2 0.6 -0.2 -0.1 35
Consolidated governments; corporate and foreign bonds; asset 3.9 7.7 -4.1 -9.6 1.2 -7.5 -20.1 2.0 6.8 -2.8 -1.3 36
Consolidated governments; total mortgages; asset 17.5 3.8 -0.4 -10.0 5.5 -6.9 -29.0 9.8 8.0 0.3 3.9 37
Federal government; consumer credit, student loans; asset 87.9 133.1 128.5 132.1 113.1 121.1 101.3 148.2 117.2 97.7 89.2 38
Consolidated governments; other loans and advances; asset 65.2 2.7 4.0 2.1 6.2 -7.6 -3.1 8.8 8.7 3.4 4.1 39
Consolidated governments; corporate equities; asset -1.7 23.8 36.0 -18.2 -4.2 -13.7 -15.6 -4.0 0.9 -11.8 -1.8 40
State and local governments, excluding employee retirement funds; mutual fund shares; asset 1.7 2.8 -0.7 -2.6 0.3 -2.0 -5.5 0.6 1.9 -0.8 -0.3 41
Consolidated governments; trade receivables; asset -25.7 12.4 7.1 10.9 9.7 13.5 4.4 -5.2 23.1 9.8 11.0 42
Consolidated governments; taxes receivable; asset 30.1 28.2 22.9 13.5 -16.7 16.9 19.9 -3.6 -48.2 10.7 -25.5 43
Consolidated governments; total miscellaneous assets 60.6 -25.9 -1.3 -6.5 8.3 -4.0 -11.1 4.0 -7.7 13.7 23.3 44
Consolidated governments; total liabilities 1997.6 2067.5 1518.1 1439.3 1210.7 1121.0 1399.1 1579.7 756.6 1035.7 1470.9 45
Federal government; special drawing rights (SDRs) allocations; liability 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46
Monetary authority; SDR certificates issued by federal government; asset 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47
Federal government; Treasury currency; liability -0.4 -0.3 0.0 0.0 -0.4 0.0 0.0 0.0 0.0 -1.4 0.0 48
Consolidated governments; credit market instruments; liability 1573.5 1642.1 1059.8 1147.2 758.6 787.7 1114.0 1251.8 332.5 161.8 1288.2 49
Federal government; U.S. savings securities; liability -2.8 -3.3 -2.7 -2.8 -3.3 -2.5 -5.0 -2.5 -3.7 -3.3 -3.6 50
Federal government; Treasury securities, excluding U.S. savings securities and Treasury securities held by state and local governments; liability 1463.9 1576.1 1115.0 1156.0 801.7 796.6 1233.1 1183.7 301.8 281.5 1439.7 51
Federal government; budget agency securities; liability 0.1 0.7 1.1 -0.4 -0.4 -0.3 1.9 -1.0 1.3 0.5 -2.4 52
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 112.2 68.7 -53.6 -5.7 -39.4 -6.1 -116.0 71.7 33.0 -116.9 -145.4 53
Federal government; multifamily residential mortgages; liability 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54
Consolidated governments; trade payables; liability -17.3 44.7 47.8 47.1 63.1 56.2 49.4 41.0 70.3 64.6 76.3 55
Federal government; life insurance reserves; liability 1.1 0.9 1.3 0.3 0.3 -0.2 -0.5 0.2 0.8 -0.5 0.5 56
Consolidated governments; total miscellaneous liabilities 390.0 380.0 409.1 244.7 389.2 277.3 236.2 286.6 353.0 811.1 105.8 57
Consolidated governments; sector discrepancy 1.0 -53.6 48.3 -118.0 -91.0 -471.8 -82.9 198.9 -519.9 -100.6 57.9 58
Consolidated governments; net government saving less fixed investment -2168.7 -2218.6 -2093.9 -1981.3 -1580.0 -2000.0 -1945.3 -1681.7 -1455.1 -1690.3 -1493.0 59
Consolidated governments; adjustment between NIPA and FOF 436.2 490.7 409.1 593.7 595.4 954.5 545.5 294.5 1019.8 609.3 458.1 60
Consolidated governments; items to be financed -1732.5 -1727.9 -1684.9 -1387.6 -984.6 -1045.5 -1399.7 -1387.2 -435.3 -1081.0 -1034.9 61


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