Financial Accounts of the United States - Z.1
F.105 General Government (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2014 | 2015 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; current receipts, NIPA basis | FA366010115 | 5527.9 | 5792.1 | 5868.3 | 6078.4 | 6054.5 | 6002.5 | 6121 | 6135.8 | 6071.6 | 1 |
| General government; personal current taxes | FA366210005 | 1785.6 | 1937.9 | 1960.1 | 2048.6 | 2018.8 | 2007.9 | 2058.1 | 2109.7 | 2076.5 | 2 |
| General government; taxes on production and imports, receivable (IMA) | FA366240005 | 1221.6 | 1255.8 | 1288 | 1330.1 | 1309.2 | 1321.3 | 1331.4 | 1358.4 | 1388 | 3 |
| General government; taxes on corporate income (accrual basis) | FA366231005 | 494.4 | 496.3 | 459.4 | 455.5 | 454.9 | 468.8 | 463.7 | 434.7 | 317 | 4 |
| Federal government; taxes from the rest of the world | FA316231061 | 20.5 | 21 | 21.4 | 22.4 | 21.7 | 22.1 | 22.4 | 23.3 | 23.2 | 5 |
| General government; contributions for government social insurance received | FA366601005 | 1160.5 | 1213.2 | 1250.5 | 1308.1 | 1289.6 | 1299.3 | 1314 | 1329.5 | 1361.7 | 6 |
| General government; property income (received) | FA366150105 | 150.4 | 125.1 | 125.1 | 137.9 | 155.2 | 139 | 139 | 118.4 | 116.9 | 7 |
| General government; other current transfers received | FA366403105 | 712.8 | 757 | 774 | 786.8 | 816.1 | 754.7 | 803 | 773.6 | 802.5 | 8 |
| General government; operating surplus, net | FA366402105 | -17.9 | -14.3 | -10.1 | -11 | -11 | -10.7 | -10.6 | -11.7 | -14.3 | 9 |
| General government; current expenditures | FA366900015 | 6307 | 6525.1 | 6733 | 6921.7 | 6887.1 | 6849.6 | 6912.9 | 7037.3 | 7115.9 | 10 |
| General government; consumption expenditures | FA366901005 | 2562.7 | 2610.8 | 2658.1 | 2732.2 | 2701.3 | 2714.5 | 2740.9 | 2772.2 | 2801.3 | 11 |
| General government; social contributions paid | FA366404005 | 2518.1 | 2651.5 | 2731.9 | 2812.5 | 2794.9 | 2799.4 | 2820.4 | 2835.2 | 2870.1 | 12 |
| General government; other current transfers paid | FA366403005 | 547.6 | 585.4 | 609.2 | 612.6 | 618.2 | 595.2 | 617.1 | 619.8 | 629.4 | 13 |
| General government; interest paid | FA366130005 | 620.5 | 620.2 | 672.1 | 703.1 | 711.7 | 680.3 | 673.1 | 747.4 | 756.2 | 14 |
| General government; subsidies paid | FA366402005 | 58.1 | 57.3 | 61.8 | 61.3 | 61 | 60.1 | 61.4 | 62.7 | 58.9 | 15 |
| General government; net saving including net capital transfers paid | FA366006005 | -779.1 | -733 | -864.7 | -843.3 | -832.6 | -847.1 | -791.8 | -901.6 | -1044.3 | 16 |
| General government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) | FA366300005 | 516.9 | 521.9 | 526.2 | 538.3 | 533.6 | 536.7 | 540 | 542.9 | 547.8 | 17 |
| Federal government; life insurance and pension fund reserves, adjustment to convert NIPA to FOF savings; liability (2) | FA313154015 | -1.9 | -2.4 | -2 | -2.1 | -2.3 | -2.7 | -2.6 | -0.9 | -2.1 | 18 |
| General government; net capital transfers paid excluding payments under the financial stabilization program (3) | FA365440095 | -12.3 | -17.6 | -18.8 | -252 | -18 | -19.2 | 49.7 | -1020.6 | -20.4 | 19 |
| General government; gross saving less net capital transfers paid | FA366000105 | -248 | -191.1 | -317.8 | -50.8 | -278.7 | -288.4 | -299 | 662.8 | -473.9 | 20 |
| General government; gross investment | FA365090005 | -139.8 | -118.1 | -235 | 21.8 | -545.2 | -261.2 | -91.1 | 984.8 | -838.7 | 21 |
| General government; gross fixed investment | FA365019005 | 594.4 | 608.1 | 609.7 | 621.6 | 618.9 | 617.5 | 615.6 | 634.3 | 642.2 | 22 |
| General government; acquisition of nonproduced nonfinancial assets (net) | FA365420005 | 6.9 | -20.5 | 1.9 | 10.4 | 10.3 | 10.2 | 10.7 | 10.4 | 10.7 | 23 |
| General government; net lending (+) or borrowing (-) (financial account) | FA365000005 | -741 | -705.7 | -846.7 | -610.2 | -1174.4 | -889 | -717.3 | 340.1 | -1491.7 | 24 |
| General government; total financial assets | FA364090005 | 215.1 | 264 | 363.4 | 368.5 | -813 | 365.5 | 372.3 | 1549.2 | 554.8 | 25 |
| Federal government; U.S. official reserve assets | FA313011005 | -3.8 | -6.4 | 2.2 | -1.7 | -1.1 | 0.5 | -0.3 | -6.1 | -5.4 | 26 |
| General government; checkable deposits and currency; asset | FA363020005 | 75.1 | 97.6 | 60.4 | -166.5 | -1014.2 | 343.7 | -26.5 | 31 | 459.2 | 27 |
| General government; total time and savings deposits; asset | FA363030005 | 13 | 14.5 | 6.4 | 14.9 | -33.4 | 13.8 | 13.9 | 65.4 | -36.1 | 28 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 2.1 | 6.3 | 9.3 | 8.3 | 5.3 | -4.3 | 11 | 21 | 4.3 | 29 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 2.2 | 5.5 | 7.4 | 6.6 | 4.3 | -3.4 | 8.8 | 16.9 | 3.4 | 30 |
| General government; debt securities; asset | FA364022005 | -14.7 | -10.5 | 88.2 | 56.1 | 17.4 | -64.2 | 87.7 | 183.4 | 11.6 | 31 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -9.3 | -4.9 | 0.2 | 2.8 | 1.8 | -1.5 | 3.7 | 7.2 | 1.5 | 32 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 23 | 26 | 62.2 | 9 | -3.3 | -87.6 | 25 | 101.8 | -25.1 | 33 |
| General government; agency- and GSE-backed securities; asset | FA363061705 | -28.2 | -35.9 | 15.7 | 35.2 | 13.1 | 29.5 | 46.9 | 51.5 | 30.5 | 34 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | -0 | 0.3 | 0.8 | 0.7 | 0.4 | -0.3 | 0.9 | 1.7 | 0.4 | 35 |
| General government; corporate and foreign bonds; asset | FA363063005 | -0.2 | 4 | 9.4 | 8.3 | 5.4 | -4.3 | 11.1 | 21.2 | 4.3 | 36 |
| General government; loans; asset | FA364023005 | 115 | 110.6 | 114.9 | 111 | 90.9 | 95.2 | 127.6 | 130.2 | 82.2 | 37 |
| General government; total mortgages; asset | FA363065005 | 2.3 | 5.1 | 15.2 | 12.3 | 2.9 | -4.5 | 21.9 | 28.8 | 0.1 | 38 |
| Federal government; consumer credit, student loans; asset | FA313066220 | 110.7 | 103.4 | 99.6 | 96.3 | 90.1 | 98.5 | 100.2 | 96.4 | 72.6 | 39 |
| Federal government; other loans and advances; asset | FA313069005 | 2 | 2.1 | 0.2 | 2.4 | -2.1 | 1.3 | 5.5 | 5 | 9.5 | 40 |
| General government; corporate equities; asset | FA363064105 | -1.7 | 2.1 | 4.9 | 4.3 | 2.9 | -2.8 | 5.9 | 11.3 | 18.3 | 41 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | -0.1 | 1.1 | 2.6 | 2.3 | 1.5 | -1.2 | 3 | 5.8 | 1.2 | 42 |
| General government; trade receivables; asset | FA363070005 | 6 | 17.9 | 20.6 | 16.8 | 3.3 | 25.1 | 39.3 | -0.8 | 23.6 | 43 |
| General government; taxes receivable; asset | FA363078005 | 5 | 3.5 | 26.8 | 300.6 | 90.5 | -27.9 | 82.6 | 1057.2 | -20.1 | 44 |
| General government; total miscellaneous assets | FA363090005 | 17 | 21.8 | 19.7 | 16 | 19.6 | -9 | 19.3 | 33.9 | 12.5 | 45 |
| General government; total liabilities | FA364190005 | 956.1 | 969.7 | 1210 | 978.6 | 361.4 | 1254.4 | 1089.6 | 1209.1 | 2046.5 | 46 |
| Federal government; special drawing rights (SDRs) allocations; liability | FA313111303 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 |
| Monetary authority; SDR certificates issued by federal government; asset | FA713014003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48 |
| Federal government; Treasury currency; liability | FA313112003 | -0.3 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49 |
| General government; debt securities; liability | FA364122005 | 697 | 733.5 | 873.4 | 442.9 | -517.4 | 540 | 1650.4 | 98.4 | 2387.5 | 50 |
| Federal government; Treasury securities; liability | FA313161105 | 736 | 724.4 | 842.8 | 447 | -412.7 | 577.1 | 1655.8 | -32 | 2517.6 | 51 |
| Federal government; budget agency securities; liability | FA313161705 | -0.1 | 0.2 | -0.1 | -0.1 | -0.9 | 0.7 | -0.1 | 0.1 | 1.1 | 52 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | -39 | 8.9 | 30.7 | -4.1 | -103.7 | -37.7 | -5.3 | 130.3 | -131.1 | 53 |
| General government; loans; liability | FA364123005 | 0.4 | 0.3 | 0.9 | 0.4 | 0.2 | 0.5 | 0.4 | 0.7 | 0.9 | 54 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.4 | 0.3 | 0.9 | 0.4 | 0.2 | 0.5 | 0.4 | 0.7 | 0.9 | 56 |
| General government; trade payables; liability | FA363170005 | 38.2 | 56.3 | 72.3 | 66.6 | 60 | 52.1 | 78.3 | 76 | 66.5 | 57 |
| Federal government; life insurance reserves; liability | FA313140003 | 0.8 | -0.1 | 0.1 | -0.2 | -1.1 | -0.5 | 0.6 | 0.3 | 0.4 | 58 |
| General government; total miscellaneous liabilities | FA363190005 | 220.1 | 179.8 | 263.4 | 468.9 | 819.7 | 662.3 | -640.1 | 1033.7 | -408.9 | 59 |
| General government; sector discrepancy | FA367005005 | -108.2 | -73 | -82.7 | -72.6 | 266.6 | -27.2 | -207.9 | -322 | 364.8 | 60 |
| General government (consolidated); total financial assets (4) | FA374090005 | 191.8 | 237.5 | 299.5 | 358.4 | -810.3 | 452.8 | 346 | 1445 | 578.6 | 61 |
| General government (consolidated); total liabilities (4) | FA374190005 | 932.8 | 943.2 | 1146.2 | 968.5 | 364.1 | 1341.8 | 1063.3 | 1104.9 | 2070.3 | 62 |
NOTES
- Sum of the federal government and state and local governments sectors.
- Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector. Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.
- Table F.5, line 62 less line 12.
- Excludes Treasury securities and municipal securities held by state and local governments (lines 33 and 35) and federal government loans to state and local governments (line 55).
Last Update: June 7, 2018