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 10, 2016
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S.7.a Federal Government

Billions of dollars

Description 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Line
Federal government; gross value added (IMA) 552.7 577.6 605.4 637.6 668.8 704.5 720.9 723.7 715.1 723.9 1
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) 189.4 200.7 212.8 226.3 234.5 245.3 257.4 264.3 267.7 270.7 2
Federal government; net value added (IMA) 363.3 376.9 392.6 411.3 434.3 459.1 463.5 459.4 447.3 453.2 3
Federal government; compensation of employees paid (IMA) 362.4 375.1 390.5 410.4 433.5 462.2 470.6 468.3 458.7 462.9 4
Federal government; wages and salaries paid (IMA) 263.5 271.7 283.3 296.7 312.2 328.5 331.7 327.7 320.4 324.0 5
Federal government; employers' social contributions paid (IMA) 98.9 103.5 107.3 113.7 121.3 133.7 138.9 140.7 138.2 138.8 6
Federal government; operating surplus, net 0.9 1.8 2.0 0.8 0.8 -3.1 -7.1 -8.9 -11.3 -9.7 7
Federal government; net national income/balance of primary incomes, net (IMA) -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -327.3 -321.6 -197.2 -294.6 8
Federal government; operating surplus, net 0.9 1.8 2.0 0.8 0.8 -3.1 -7.1 -8.9 -11.3 -9.7 9
Federal government; taxes on production and imports, receivable (IMA) 99.4 99.2 94.6 94.0 91.4 96.8 108.6 115.1 125.8 137.8 10
Federal government; subsidies paid (with negative sign) (IMA) -60.5 -51.1 -47.5 -49.6 -56.9 -54.3 -59.5 -57.6 -58.9 -57.4 11
Federal government; property income (received) (IMA Q4) 27.3 29.0 33.4 33.9 48.5 54.6 56.4 52.6 163.2 74.8 12
Federal government; interest received (IMA) 17.3 18.8 22.1 19.5 22.8 29.5 27.7 21.3 22.8 23.4 13
Federal government; dividends received (IMA) 0.2 0.3 0.2 0.6 18.7 17.0 18.8 21.1 131.3 40.7 14
Federal government; rents on land and natural resources received (IMA) 9.7 9.9 11.1 13.8 7.0 8.0 9.9 10.2 9.1 10.6 15
Federal government; interest paid (IMA Q4) 344.4 372.3 408.2 388.0 353.6 380.6 425.7 422.9 416.1 440.1 16
Federal government; net national income/balance of primary incomes, net (IMA) -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -327.3 -321.6 -197.2 -294.6 17
Federal government; current taxes on income, wealth, etc. received (IMA) 1289.9 1464.2 1547.8 1426.7 1079.7 1256.0 1445.2 1546.0 1699.1 1836.5 18
Federal government; contributions for government social insurance received 853.4 905.7 947.2 974.4 950.8 970.9 904.0 938.1 1093.4 1145.2 19
Federal government; social contributions paid 1095.6 1201.6 1277.5 1480.0 1632.2 1774.4 1796.9 1801.5 1842.0 1896.8 20
Federal government; other current transfers received 32.7 37.9 42.0 49.7 67.2 68.1 67.1 56.1 71.1 80.6 21
Federal government; other current transfers paid (IMA) 384.2 375.8 401.3 416.1 510.7 558.8 530.1 499.3 504.0 547.2 22
Federal government; disposable income, net (IMA) 418.7 536.9 532.7 245.8 -315.1 -324.8 -238.1 -82.2 320.3 323.8 23
Federal government; consumption expenditures 723.4 763.9 798.4 879.8 933.7 1003.9 1006.1 1007.8 961.3 955.3 24
Federal government; net saving including net capital transfers paid, insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA) -304.7 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -640.9 -631.5 25
Federal government; net saving less net capital transfers paid and including insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA) -365.1 -270.2 -318.6 -751.6 -1435.1 -1455.0 -1358.0 -1175.0 -699.1 -690.3 26
Federal government; net saving including net capital transfers paid, insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA) -304.7 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -640.9 -631.5 27
Federal government; net capital transfers paid 60.3 43.2 53.0 117.6 186.3 126.3 113.9 85.0 58.1 58.8 28
Federal government; capital formation, net (IMA) 31.5 22.9 35.3 29.1 40.6 53.7 39.1 18.4 -0.8 -8.9 29
Federal government; gross fixed investment 222.9 238.0 251.4 275.8 284.0 300.0 297.4 284.7 269.4 264.6 30
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) 189.4 200.7 212.8 226.3 234.5 245.3 257.4 264.3 267.7 270.7 31
Federal government; acquisition of nonproduced nonfinancial assets (net) -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -2.0 -2.4 -2.7 32
Federal government; net lending (+) or borrowing (-) (capital account) (IMA) -396.6 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -698.3 -681.4 33
Federal government; net lending (+) or borrowing (-) (capital account) (IMA) -396.6 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -698.3 -681.4 34
Federal government; total financial assets 30.8 -14.4 0.6 579.8 237.8 281.9 -150.7 126.5 221.5 155.3 35
Federal government; monetary gold and SDRs; asset -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 36
Federal government; monetary gold; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37
Federal government; special drawing rights (SDRs) holdings; asset -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 38
Federal government; total currency and deposits; asset 1.3 -5.4 25.8 316.0 -170.2 150.5 -239.9 11.1 65.8 57.2 39
Federal government; other reserves; asset 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 0.2 0.1 40
Federal government; reserve position in IMF (net); asset -10.2 -3.3 -1.0 3.5 3.4 1.3 18.2 4.0 -3.4 -3.9 41
Federal government; checkable deposits and currency; asset 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 69.6 60.8 42
Federal government; total time and savings deposits; asset -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 -0.5 0.2 43
Federal government; nonofficial foreign currencies; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 44
Federal government; debt securities; asset 0.0 0.0 0.0 54.4 142.5 -46.9 -118.2 -31.3 -0.1 -0.0 45
Federal government; agency- and GSE-backed securities; asset 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 0.0 0.0 46
Federal government; corporate bonds issued by commercial banking under TARP; asset 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 -0.1 -0.0 47
Federal government; loans; asset -3.1 5.9 6.8 39.0 166.7 131.4 136.5 136.2 124.2 115.3 48
Federal government; short-term loans; asset -5.5 2.2 4.7 25.5 154.1 136.8 133.2 134.5 120.3 113.6 49
Federal government; consumer credit, student loans; asset 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 113.1 111.1 50
Federal government; other loans and advances; asset -9.2 0.5 -2.3 6.1 66.2 3.6 4.8 2.4 7.2 2.5 51
Federal government; total mortgages; asset 2.4 3.7 2.1 13.5 12.6 -5.4 3.3 1.6 4.0 1.7 52
Federal government; other equity; asset (IMA) 1.3 2.0 1.7 257.7 3.4 30.4 43.5 -10.7 -2.6 0.7 53
Federal government; corporate equities; asset 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 -4.8 -1.6 54
Federal government; U.S. equity in IBRD, etc.; asset 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 2.2 2.3 55
Federal government; equity in government-sponsored enterprises (GSEs); asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56
Federal government; equity investment in funding corporations under PPIP; asset 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 0.0 0.0 57
Federal government; other accounts receivable; asset (IMA) 35.8 -17.1 -33.7 -87.4 47.1 16.5 29.1 21.2 34.1 -17.8 58
Federal government; trade receivables; asset 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 3.3 -8.1 59
Federal government; taxes receivable; asset 26.0 -6.5 -35.3 -62.2 35.9 27.1 25.6 22.0 27.2 -19.9 60
Federal government; unidentified miscellaneous assets 0.6 1.0 0.4 -29.4 32.3 -9.8 -1.3 -3.5 3.7 10.2 61
Federal government; total liabilities 453.6 296.0 371.5 1369.0 1536.0 1696.7 1201.7 1249.7 880.0 790.0 62
Federal government; special drawing rights (SDRs) allocations; liability 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 63
Federal government; total currency and deposits; liability 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 -0.4 -0.3 64
Federal government; debt securities; liability 346.9 219.1 270.4 1302.5 1505.8 1645.9 1138.7 1180.6 857.3 735.9 65
Federal government; Treasury securities; liability 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 66
Federal government; budget agency securities; liability -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 -0.4 -0.1 67
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 68
Federal government; insurance, pension and standardized guarantee schemes; liability (IMA) 67.2 64.5 73.0 45.1 33.2 43.5 40.6 64.0 3.1 33.9 69
Federal government; life insurance reserves; liability 1.1 1.5 1.6 1.0 1.1 0.9 1.3 0.3 0.2 0.8 70
Federal government; retiree health care funds; liability 23.0 18.1 23.8 26.5 16.6 22.5 18.5 13.3 12.2 10.4 71
Federal government retirement funds; claims of pension fund on sponsor; asset 43.1 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.3 22.8 72
Federal government; other accounts payable; liability (IMA) 38.7 11.8 28.7 22.2 -50.3 7.6 22.4 5.1 20.0 20.4 73
Monetary authority; SDR certificates issued by federal government; asset 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 74
Federal government; trade payables; liability 33.7 6.2 29.3 22.6 -56.2 5.2 8.8 13.4 18.8 17.3 75
Federal government; unidentified miscellaneous liabilities, including liability due to FICO 5.0 5.6 -0.6 -0.3 2.9 2.4 13.6 -8.3 1.3 3.0 76
Federal government; net lending (+) or borrowing (-) (financial account) -422.8 -310.4 -370.8 -789.1 -1298.2 -1414.9 -1352.4 -1123.2 -658.5 -634.6 77
Federal government; total other volume changes (IMA) -47.0 30.2 9.3 86.7 121.5 -29.0 48.5 50.5 26.2 83.0 78
Federal government; nonfinancial assets (does not include land) -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 79
Federal government; other volume changes (IMA) -20.3 47.4 26.3 95.2 -56.0 -122.8 3.8 -19.8 -13.6 36.2 80
Federal government; statistical discrepancy (IMA) 26.2 17.2 17.0 8.5 -177.5 -93.8 -44.7 -70.2 -39.8 -46.8 81
Federal government; nonfinancial assets (does not include land) 116.8 116.4 93.0 69.0 -36.0 61.3 69.3 50.0 67.5 58.4 82
Federal government; total residential and nonresidential structures 94.1 95.2 60.7 44.0 -48.4 18.1 49.4 36.2 49.1 37.1 83
Federal government; nonresidential equipment, current cost basis 7.3 10.4 7.6 11.8 8.6 5.0 12.2 2.0 1.9 7.1 84
Federal government; nonresidential intellectual property products, current cost basis 15.4 10.8 24.8 13.2 3.8 38.2 7.7 11.9 16.5 14.2 85
Federal government; financial assets with revaluations (IMA) -2.1 0.8 0.7 -67.9 -121.6 -43.7 -33.2 -4.7 0.1 -5.0 86
Federal government; monetary gold and SDRs; asset -0.9 0.4 0.5 -0.2 0.2 -1.0 -0.1 0.1 0.1 -3.3 87
Federal government; total currency and deposits; asset -1.2 0.3 0.2 -0.0 0.3 -0.2 -0.5 0.0 0.0 -1.7 88
Federal government; corporate equities; asset 0.0 0.0 0.0 -67.7 -121.9 -41.5 -32.4 -4.7 0.0 0.0 89
Federal government; equity investment in funding corporations under PPIP; asset 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 0.0 0.0 90
Federal government; special drawing rights (SDRs) allocations; liability -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 0.1 -3.2 91
Federal government; special drawing rights (SDRs) allocations; liability -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 0.1 -3.2 92
Federal government; changes in net worth due to nominal holding gains/losses (IMA) 115.3 116.8 93.3 1.2 -157.9 18.5 36.4 45.3 67.6 56.6 93
Federal government; net worth (IMA) -296.8 -123.3 -216.0 -663.6 -1471.5 -1465.5 -1273.2 -1079.3 -605.4 -550.6 94
Federal government; total assets (does not include land) 3070.2 3238.1 3415.1 4121.6 4229.2 4569.7 4478.1 4654.0 4924.9 5154.6 95
Federal government; nonfinancial assets (does not include land) 2426.5 2579.8 2711.3 2829.2 2842.1 2957.5 3066.8 3137.2 3206.4 3258.6 96
Federal government; total residential and nonresidential structures 1176.5 1266.6 1325.4 1369.8 1326.1 1352.5 1406.9 1439.8 1480.6 1507.9 97
Federal government; nonresidential equipment, current cost basis 520.7 550.7 576.7 616.2 649.8 680.9 711.0 726.6 732.7 742.0 98
Federal government; nonresidential intellectual property products, current cost basis 729.3 762.4 809.3 843.2 866.2 924.1 948.9 970.8 993.1 1008.7 99
Federal government; total financial assets 643.7 658.3 703.8 1292.3 1387.1 1612.2 1411.3 1516.8 1718.5 1896.0 100
Federal government; monetary gold and SDRs; asset 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 51.9 101
Federal government; monetary gold; asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 102
Federal government; special drawing rights (SDRs) holdings; asset 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 51.9 103
Federal government; total currency and deposits; asset 68.0 62.8 88.9 404.8 234.9 385.2 144.8 155.9 221.8 277.2 104
Federal government; other reserves; asset 18.7 20.2 22.5 23.4 25.0 25.7 25.6 24.7 23.6 20.7 105
Federal government; reserve position in IMF (net); asset 8.1 5.2 4.4 7.8 11.5 12.6 30.3 34.4 31.0 25.3 106
Federal government; checkable deposits and currency; asset 37.0 33.2 56.5 369.4 193.9 342.3 84.6 92.2 163.0 226.8 107
Federal government; total time and savings deposits; asset 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 1.5 1.7 108
Federal government; nonofficial foreign currencies; asset 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 109
Federal government; debt securities; asset 0.0 0.0 0.0 54.4 197.0 150.1 31.9 0.6 0.6 0.5 110
Federal government; agency- and GSE-backed securities; asset 0.0 0.0 0.0 54.4 196.4 149.2 31.1 0.0 0.0 0.0 111
Federal government; corporate bonds issued by commercial banking under TARP; asset 0.0 0.0 0.0 0.0 0.6 0.9 0.8 0.6 0.6 0.5 112
Federal government; loans; asset 271.2 294.3 301.1 340.1 506.8 641.7 778.3 914.4 1038.7 1154.0 113
Federal government; short-term loans; asset 194.6 214.0 218.7 244.3 398.4 535.2 668.4 802.9 923.2 1036.8 114
Federal government; consumer credit, student loans; asset 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 729.8 840.9 115
Federal government; other loans and advances; asset 104.8 105.3 103.1 109.1 175.3 179.0 183.7 186.2 193.4 195.9 116
Federal government; total mortgages; asset 76.6 80.3 82.4 95.8 108.4 106.6 109.9 111.5 115.5 117.2 117
Federal government; other equity; asset (IMA) 43.8 45.8 47.5 237.5 118.7 106.6 117.6 102.1 99.5 100.2 118
Federal government; corporate equities; asset 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 35.1 33.4 119
Federal government; U.S. equity in IBRD, etc.; asset 43.8 45.8 47.5 48.8 50.5 52.8 55.4 57.8 60.0 62.4 120
Federal government; equity in government-sponsored enterprises (GSEs); asset 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 121
Federal government; equity investment in funding corporations under PPIP; asset 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 4.4 4.4 122
Federal government; other accounts receivable; asset (IMA) 252.5 246.5 257.0 246.2 271.8 271.7 283.7 288.7 302.8 312.1 123
Federal government; trade receivables; asset 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 53.6 45.5 124
Federal government; taxes receivable; asset 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.6 165.8 173.0 125
Federal government; unidentified miscellaneous assets 89.9 91.0 91.4 62.0 94.3 84.5 83.2 79.8 83.4 93.6 126
Federal government; total assets (does not include land) 3070.2 3238.1 3415.1 4121.6 4229.2 4569.7 4478.1 4654.0 4924.9 5154.6 127
Federal government; total liabilities 7370.3 7661.5 8054.5 9424.6 11003.7 12809.7 13991.3 15246.5 16122.7 16903.1 128
Federal government; special drawing rights (SDRs) allocations; liability 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 129
Federal government; total currency and deposits; liability 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 25.6 25.3 130
Federal government; debt securities; liability 5584.8 5803.9 6074.3 7376.8 8882.6 10528.6 11667.3 12847.8 13705.1 14441.1 131
Federal government; Treasury securities; liability 5560.9 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 132
Federal government; budget agency securities; liability 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 24.5 24.4 133
Federal government; multifamily residential mortgages; liability 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 134
Federal government; insurance, pension and standardized guarantee schemes; liability (IMA) 1540.9 1606.0 1699.9 1746.4 1825.8 1982.4 2017.0 2078.6 2079.5 2110.6 135
Federal government; life insurance reserves; liability 42.7 44.2 45.8 46.7 47.8 48.7 50.0 50.3 50.5 51.3 136
Federal government; retiree health care funds; liability 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 246.9 257.3 137
Federal government retirement funds; claims of pension fund on sponsor; asset 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1793.6 1782.1 1802.0 138
Federal government; other accounts payable; liability (IMA) 210.2 216.1 245.2 267.2 213.7 218.5 226.9 239.8 258.1 274.9 139
Monetary authority; SDR certificates issued by federal government; asset 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 140
Federal government; trade payables; liability 202.6 208.8 238.2 260.7 204.5 209.7 218.5 231.9 250.6 268.0 141
Federal government; liability due to FICO 5.4 5.1 4.9 4.3 4.0 3.6 3.2 2.8 2.3 1.8 142
Federal government; net worth (IMA) -4300.1 -4423.4 -4639.4 -5303.0 -6774.5 -8240.0 -9513.2 -10592.5 -11197.8 -11748.5 143

NOTES

  1. Note. The Federal government accounts exclude Federal employee retirement funds.
  2. 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 fourth quarter of 2004.
  3. 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 flows, and other statistical differences between the capital and financial accounts.
  4. Excludes land and nonproduced nonfinancial assets.
  5. IMF International Monetary Fund
  6. SDRs Special Drawing Rights
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