Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

S.7.a Federal Government

2016:Q2 Release Date: September 16, 2016

Billions of dollars

Description Series code 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Line
Federal government; gross value added (IMA) FA316902505 577.6 605.4 637.6 668.8 704.5 720.9 723.7 715.2 725.7 735.1 1
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300003 200.7 212.8 226.3 234.5 245.3 257.4 264.3 268.0 271.3 271.5 2
Federal government; net value added (IMA) FA316902605 376.9 392.6 411.3 434.3 459.1 463.5 459.4 447.2 454.4 463.6 3
Federal government; compensation of employees paid (IMA) FA316025001 375.1 390.5 410.4 433.5 462.2 470.6 468.3 458.3 462.7 471.1 4
Federal government; wages and salaries paid (IMA) FA316020001 271.7 283.3 296.7 312.2 328.5 331.7 327.7 320.4 324.0 329.7 5
Federal government; employers' social contributions paid (IMA) FA316401005 103.5 107.3 113.7 121.3 133.7 138.9 140.7 137.9 138.7 141.4 6
Federal government; operating surplus, net FA316402101 1.8 2.0 0.8 0.8 -3.1 -7.1 -8.9 -11.1 -8.3 -7.4 7
Federal government; net national income/balance of primary incomes, net (IMA) FA316140005 -293.5 -325.6 -308.9 -269.9 -286.6 -327.3 -321.6 -198.0 -295.7 -313.2 8
Federal government; operating surplus, net FA316402101 1.8 2.0 0.8 0.8 -3.1 -7.1 -8.9 -11.1 -8.3 -7.4 9
Federal government; taxes on production and imports, receivable (IMA) FA316240001 99.2 94.6 94.0 91.4 96.8 108.6 115.1 124.8 134.6 139.4 10
Federal government; subsidies paid (with negative sign) (IMA) FA316402015 -51.1 -47.5 -49.6 -56.9 -54.3 -59.5 -57.6 -58.8 -56.2 -56.1 11
Federal government; property income (received) (IMA Q4) FA316150195 29.0 33.4 33.9 48.5 54.6 56.4 52.6 163.3 74.8 49.2 12
Federal government; interest received (IMA) FA316130101 18.8 22.1 19.5 22.8 29.5 27.7 21.3 22.8 23.5 26.9 13
Federal government; dividends received (IMA) FA316121101 0.3 0.2 0.6 18.7 17.0 18.8 21.1 131.3 40.7 16.1 14
Federal government; rents on land and natural resources received (IMA) FA316112101 9.9 11.1 13.8 7.0 8.0 9.9 10.2 9.2 10.6 6.2 15
Federal government; interest paid (IMA Q4) FA316130095 372.3 408.2 388.0 353.6 380.6 425.7 422.9 416.2 440.5 438.2 16
Federal government; net national income/balance of primary incomes, net (IMA) FA316140005 -293.5 -325.6 -308.9 -269.9 -286.6 -327.3 -321.6 -198.0 -295.7 -313.2 17
Federal government; current taxes on income, wealth, etc. received (IMA) FA316220001 1464.2 1547.8 1426.7 1079.7 1256.0 1445.2 1546.0 1699.4 1860.4 2009.9 18
Federal government; contributions for government social insurance received FA316601001 905.7 947.2 974.4 950.8 970.9 904.0 938.1 1091.3 1140.9 1189.5 19
Federal government; social contributions paid FA316404001 1201.6 1277.5 1480.0 1632.2 1774.4 1796.9 1801.5 1842.4 1901.5 1981.7 20
Federal government; other current transfers received FA316403105 37.9 42.0 49.7 67.2 68.1 67.1 56.1 70.7 86.1 72.7 21
Federal government; other current transfers paid (IMA) FA316403001 375.8 401.3 416.1 510.7 558.8 530.1 499.3 503.9 547.1 583.2 22
Federal government; disposable income, net (IMA) FA316012005 536.9 532.7 245.8 -315.1 -324.8 -238.1 -82.2 317.2 343.1 394.1 23
Federal government; consumption expenditures FA316901001 763.9 798.4 879.8 933.7 1003.9 1006.1 1007.8 961.0 955.9 963.7 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) FA316006085 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -643.8 -612.9 -569.7 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) FA316006385 -270.2 -318.6 -751.6 -1435.1 -1455.0 -1358.0 -1175.0 -702.0 -671.3 -621.2 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) FA316006085 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -643.8 -612.9 -569.7 27
Federal government; net capital transfers paid FA315440005 43.2 53.0 117.6 186.3 126.3 113.9 85.0 58.2 58.4 51.5 28
Federal government; capital formation, net (IMA) FA315050905 22.9 35.3 29.1 40.6 53.7 39.1 18.4 -2.0 -11.1 -41.1 29
Federal government; gross fixed investment FA315019001 238.0 251.4 275.8 284.0 300.0 297.4 284.7 268.4 262.9 261.2 30
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300003 200.7 212.8 226.3 234.5 245.3 257.4 264.3 268.0 271.3 271.5 31
Federal government; acquisition of nonproduced nonfinancial assets (net) FA315420003 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -2.0 -2.4 -2.7 -30.9 32
Federal government; net lending (+) or borrowing (-) (capital account) (IMA) FA315000995 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -700.0 -660.3 -580.1 33
Federal government; net lending (+) or borrowing (-) (capital account) (IMA) FA315000995 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -700.0 -660.3 -580.1 34
Federal government; total financial assets FA314090005 -14.4 0.6 579.8 247.4 279.9 -148.4 118.5 217.7 172.8 252.4 35
Federal government; monetary gold and SDRs; asset FA313011105 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 0.0 36
Federal government; monetary gold; asset FA313011205 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 FA313011303 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 0.0 38
Federal government; total currency and deposits; asset FA314000005 -5.4 25.8 316.0 -170.2 150.5 -239.9 11.1 65.8 57.2 103.5 39
Federal government; other reserves; asset FA313011505 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 0.2 0.1 0.1 40
Federal government; reserve position in IMF (net); asset FA313011405 -3.3 -1.0 3.5 3.4 1.3 18.2 4.0 -3.4 -3.9 -6.5 41
Federal government; checkable deposits and currency; asset FA313020005 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 69.6 60.8 109.9 42
Federal government; total time and savings deposits; asset FA313030003 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 -0.5 0.2 0.0 43
Federal government; nonofficial foreign currencies; asset FA313091105 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 FA314022005 0.0 0.0 54.4 142.5 -46.9 -118.2 -31.3 -0.1 -0.0 -0.0 45
Federal government; agency- and GSE-backed securities; asset FA313061703 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 0.0 0.0 0.0 46
Federal government; corporate bonds issued by commercial banking under TARP; asset FA313063763 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 -0.1 -0.0 -0.0 47
Federal government; loans; asset FA314023005 5.9 6.8 39.0 176.3 129.3 139.0 131.6 124.4 114.5 105.6 48
Federal government; loans, excluding mortgages; asset FA314041005 2.2 4.7 25.6 163.7 134.8 135.7 129.9 120.5 112.7 106.3 49
Federal government; consumer credit, student loans; asset FA313066220 1.6 7.0 19.5 97.5 131.1 131.0 127.5 113.3 110.7 103.4 50
Federal government; other loans and advances; asset FA313069005 0.5 -2.3 6.1 66.2 3.6 4.8 2.4 7.2 2.0 2.9 51
Federal government; total mortgages; asset FA313065005 3.7 2.1 13.5 12.6 -5.4 3.3 1.6 4.0 1.7 -0.7 52
Federal government; other equity; asset (IMA) FA313081115 2.0 1.7 257.7 3.4 30.4 43.4 -14.2 -4.4 0.7 2.2 53
Federal government; corporate equities; asset FA313064105 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 -4.8 -1.6 -0.0 54
Federal government; U.S. equity in IBRD, etc.; asset FA313092803 2.0 1.7 1.4 1.7 2.3 2.6 2.4 2.2 2.3 2.2 55
Federal government; equity in government-sponsored enterprises (GSEs); asset FA313092403 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 FA313094303 0.0 0.0 0.0 1.2 4.0 0.5 -3.4 -1.8 0.0 0.0 57
Federal government; other accounts receivable; asset (IMA) FA313096005 -17.1 -33.7 -87.4 47.1 16.5 29.1 21.2 31.8 0.5 41.1 58
Federal government; trade receivables; asset FA313070000 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 3.3 -5.2 12.7 59
Federal government; taxes receivable; asset FA313078005 -6.5 -35.3 -62.2 35.9 27.1 25.6 22.0 24.9 -4.5 16.2 60
Federal government; unidentified miscellaneous assets FA313093003 1.0 0.4 -29.4 32.3 -9.8 -1.3 -3.5 3.7 10.2 12.2 61
Federal government; total liabilities FA314190005 296.0 371.5 1369.0 1536.0 1696.7 1201.7 1249.7 878.9 771.2 766.9 62
Federal government; special drawing rights (SDRs) allocations; liability FA313111303 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 63
Federal government; total currency and deposits; liability FA314100005 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 -0.4 -0.3 -0.0 64
Federal government; debt securities; liability FA314122005 219.1 270.4 1302.5 1505.8 1645.9 1138.7 1180.6 857.3 735.9 724.6 65
Federal government; Treasury securities; liability FA313161105 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 724.4 66
Federal government; budget agency securities; liability FA313161705 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 -0.4 -0.1 0.2 67
Federal government; multifamily residential mortgages; liability FA313165403 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) FA313152005 64.5 73.0 45.1 33.2 43.5 40.6 64.0 2.7 33.3 26.0 69
Federal government; life insurance reserves; liability FA313140003 1.5 1.6 1.0 1.1 0.9 1.3 0.3 0.2 0.8 -0.1 70
Federal government; retiree health care funds; liability FA313195105 18.1 23.8 26.5 16.6 22.5 18.5 13.3 12.2 10.4 7.4 71
Federal government retirement funds; claims of pension fund on sponsor; asset FA343073005 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.7 22.1 18.7 72
Federal government; other accounts payable; liability (IMA) FA313196005 11.8 28.7 22.2 -50.3 7.6 22.4 5.1 19.2 2.3 16.4 73
Monetary authority; SDR certificates issued by federal government; asset FA713014003 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 74
Federal government; trade payables; liability FA313170005 6.2 29.3 22.6 -56.2 5.2 8.8 13.4 17.9 -0.7 12.8 75
Federal government; unidentified miscellaneous liabilities, including liability due to FICO FA313193005 5.6 -0.6 -0.3 2.9 2.4 13.6 -8.3 1.3 3.0 3.5 76
Federal government; net lending (+) or borrowing (-) (financial account) FA315000005 -310.4 -370.8 -789.1 -1288.6 -1416.9 -1350.0 -1131.2 -661.2 -598.4 -514.6 77
Federal government; total other volume changes (IMA) FV318090185 30.2 9.3 86.7 131.1 -31.0 48.2 41.3 24.9 76.3 103.3 78
Federal government; nonfinancial assets (does not include land) FV312010095 0.0 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) FV318090085 47.4 26.3 95.2 -56.0 -122.8 1.2 -20.9 -13.9 14.5 37.8 80
Federal government; statistical discrepancy (IMA) FU317005045 17.2 17.0 8.5 -187.1 -91.8 -47.1 -62.2 -38.8 -61.8 -65.5 81
Federal government; nonfinancial assets (does not include land) FR312010095 116.4 93.0 69.0 -36.0 61.3 69.3 50.0 79.4 60.7 8.8 82
Federal government; total residential and nonresidential structures FR315014665 95.2 60.7 44.0 -48.4 18.1 49.4 36.2 50.0 40.0 7.0 83
Federal government; nonresidential equipment, current cost basis FR315013265 10.4 7.6 11.8 8.6 5.0 12.2 2.0 3.7 9.1 -3.5 84
Federal government; nonresidential intellectual property products, current cost basis FR315013765 10.8 24.8 13.2 3.8 38.2 7.7 11.9 25.8 11.5 5.4 85
Federal government; financial assets with revaluations (IMA) FR318080005 0.8 0.7 -67.9 -121.6 -43.7 -32.1 -4.7 0.1 -5.0 -3.3 86
Federal government; monetary gold and SDRs; asset FR313011105 0.4 0.5 -0.2 0.2 -1.0 -0.1 0.1 0.1 -3.3 -2.3 87
Federal government; total currency and deposits; asset FR314000005 0.3 0.2 -0.0 0.3 -0.2 -0.5 0.0 0.0 -1.7 -1.1 88
Federal government; corporate equities; asset FR313064105 0.0 0.0 -67.7 -121.9 -41.5 -32.4 -4.7 0.0 0.0 0.0 89
Federal government; equity investment in funding corporations under PPIP; asset FR313094303 0.0 0.0 0.0 -0.3 -1.0 0.9 -0.0 0.0 0.0 0.0 90
Federal government; special drawing rights (SDRs) allocations; liability FR313111303 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 0.1 -3.2 -2.2 91
Federal government; special drawing rights (SDRs) allocations; liability FR313111303 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 0.1 -3.2 -2.2 92
Federal government; changes in net worth due to nominal holding gains/losses (IMA) FR318200005 116.8 93.3 1.2 -157.9 18.5 37.4 45.3 79.4 58.9 7.7 93
Federal government; net worth (IMA) FC312090095 -123.3 -216.0 -663.6 -1461.9 -1467.5 -1272.4 -1088.5 -597.6 -536.1 -510.2 94
Federal government; total assets (does not include land) FL312000095 3238.1 3415.1 4121.6 4238.8 4577.3 4489.0 4656.9 4934.5 5161.3 5408.5 95
Federal government; nonfinancial assets (does not include land) FL312010095 2579.8 2711.3 2829.2 2842.1 2957.5 3066.8 3137.2 3217.1 3269.3 3268.0 96
Federal government; total residential and nonresidential structures FL315014665 1266.6 1325.4 1369.8 1326.1 1352.5 1406.9 1439.8 1481.4 1511.6 1508.2 97
Federal government; nonresidential equipment, current cost basis FL315013265 550.7 576.7 616.2 649.8 680.9 711.0 726.6 734.4 745.7 743.3 98
Federal government; nonresidential intellectual property products, current cost basis FL315013765 762.4 809.3 843.2 866.2 924.1 948.9 970.8 1001.3 1012.0 1016.4 99
Federal government; total financial assets FL314090005 658.3 703.8 1292.4 1396.7 1619.8 1422.2 1519.7 1717.5 1892.0 2140.5 100
Federal government; monetary gold and SDRs; asset FL313011105 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 51.9 49.7 101
Federal government; monetary gold; asset FL313011205 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 FL313011303 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 51.9 49.7 103
Federal government; total currency and deposits; asset FL314000005 62.8 88.9 404.8 234.9 385.2 144.8 155.9 221.8 277.2 379.7 104
Federal government; other reserves; asset FL313011505 20.2 22.5 23.4 25.0 25.7 25.6 24.7 23.6 20.7 19.5 105
Federal government; reserve position in IMF (net); asset FL313011405 5.2 4.4 7.8 11.5 12.6 30.3 34.4 31.0 25.3 17.7 106
Federal government; checkable deposits and currency; asset FL313020005 33.2 56.5 369.4 193.9 342.3 84.6 92.2 163.0 226.8 338.1 107
Federal government; total time and savings deposits; asset FL313030003 1.7 2.8 1.6 1.9 2.0 1.7 2.0 1.5 1.7 1.8 108
Federal government; nonofficial foreign currencies; asset FL313091105 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 FL314022005 0.0 0.0 54.4 197.0 150.1 31.9 0.6 0.6 0.5 0.5 110
Federal government; agency- and GSE-backed securities; asset FL313061703 0.0 0.0 54.4 196.4 149.2 31.1 0.0 0.0 0.0 0.0 111
Federal government; corporate bonds issued by commercial banking under TARP; asset FL313063763 0.0 0.0 0.0 0.6 0.9 0.8 0.6 0.6 0.5 0.5 112
Federal government; loans; asset FL314023005 294.3 301.1 340.1 516.4 649.3 788.4 919.9 1044.3 1158.8 1264.4 113
Federal government; loans, excluding mortgages; asset FL314041005 214.0 218.7 244.3 408.0 542.7 678.5 808.4 928.9 1041.6 1147.9 114
Federal government; consumer credit, student loans; asset FL313066220 108.7 115.7 135.2 232.7 363.8 494.8 622.2 735.5 846.2 949.7 115
Federal government; other loans and advances; asset FL313069005 105.3 103.1 109.1 175.3 179.0 183.7 186.2 193.4 195.4 198.2 116
Federal government; total mortgages; asset FL313065005 80.3 82.4 95.8 108.4 106.6 109.9 111.5 115.5 117.2 116.5 117
Federal government; other equity; asset (IMA) FL313081115 45.8 47.5 237.5 118.7 106.6 118.4 99.5 95.1 95.8 98.0 118
Federal government; corporate equities; asset LM313064105 0.0 0.0 188.7 67.4 49.9 57.8 39.9 35.1 33.4 33.4 119
Federal government; U.S. equity in IBRD, etc.; asset FL313092803 45.8 47.5 48.8 50.5 52.8 55.4 57.8 60.0 62.4 64.6 120
Federal government; equity in government-sponsored enterprises (GSEs); asset FL313092403 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 FL313094303 0.0 0.0 0.0 0.9 3.8 5.2 1.8 0.0 0.0 0.0 122
Federal government; other accounts receivable; asset (IMA) FL313096005 246.5 257.0 246.2 271.8 271.7 283.7 288.7 300.5 307.7 348.3 123
Federal government; trade receivables; asset FL313070000 59.4 60.6 64.7 43.6 42.9 47.7 50.3 53.6 48.4 61.2 124
Federal government; taxes receivable; asset FL313078005 96.1 105.0 119.4 133.9 144.3 152.8 158.6 163.4 165.6 181.3 125
Federal government; unidentified miscellaneous assets FL313093003 91.0 91.4 62.0 94.3 84.5 83.2 79.8 83.4 93.6 105.8 126
Federal government; total assets (does not include land) FL312000095 3238.1 3415.1 4121.6 4238.8 4577.3 4489.0 4656.9 4934.5 5161.3 5408.5 127
Federal government; total liabilities FL314190005 7661.5 8054.5 9424.6 11003.7 12809.7 13993.9 15250.2 16125.5 16888.4 17645.7 128
Federal government; special drawing rights (SDRs) allocations; liability FL313111303 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 48.9 129
Federal government; total currency and deposits; liability FL314100005 28.1 27.4 26.6 26.2 25.9 25.9 25.9 25.6 25.3 25.3 130
Federal government; debt securities; liability FL314122005 5803.9 6074.3 7376.8 8882.6 10528.6 11667.3 12847.8 13705.1 14441.1 15165.6 131
Federal government; Treasury securities; liability FL313161105 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 15141.1 132
Federal government; budget agency securities; liability FL313161705 23.5 23.1 23.3 23.5 24.2 25.3 24.9 24.5 24.4 24.6 133
Federal government; multifamily residential mortgages; liability FL313165403 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) FL313152005 1606.0 1699.9 1746.4 1825.8 1982.4 2019.6 2082.4 2083.1 2114.8 2137.5 135
Federal government; life insurance reserves; liability FL313140003 44.2 45.8 46.7 47.8 48.7 50.0 50.3 50.5 51.3 51.1 136
Federal government; retiree health care funds; liability FL313195105 93.5 137.3 163.8 180.4 202.9 221.4 234.8 246.9 257.3 264.7 137
Federal government retirement funds; claims of pension fund on sponsor; asset FL343073005 1468.3 1516.8 1535.8 1597.6 1730.8 1748.2 1797.3 1785.7 1806.2 1821.7 138
Federal government; other accounts payable; liability (IMA) FL313196005 216.1 245.2 267.2 213.7 218.5 226.9 239.8 257.3 256.0 268.3 139
Monetary authority; SDR certificates issued by federal government; asset FL713014003 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 140
Federal government; trade payables; liability FL313170005 208.8 238.2 260.7 204.5 209.7 218.5 231.9 249.8 249.1 261.9 141
Federal government; liability due to FICO FL313193013 5.1 4.9 4.3 4.0 3.6 3.2 2.8 2.3 1.8 1.2 142
Federal government; net worth (IMA) FL312090095 -4423.4 -4639.4 -5303.0 -6764.9 -8232.5 -9504.9 -10593.3 -11190.9 -11727.1 -12237.2 143

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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
Last update: September 16, 2016