S.7.a Federal Government (1)
Billions of dollars
Description Series code 2015 2016 2017 2018 2019 2020 2021 2022 Line
Federal government; gross value added (IMA) FA316902505 737.3 749.0 766.3 794.1 816.3 856.5 896.6 929.6 1
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 271.5 270.7 275.9 285.0 293.9 304.7 322.7 347.6 2
Federal government; net value added (IMA) FA316902605 465.8 478.3 490.5 509.1 522.4 551.8 573.9 582.0 3
Federal government; compensation of employees paid (IMA) FA316025001 469.0 479.7 489.5 509.7 525.0 550.6 572.4 585.1 4
Federal government; wages and salaries paid (IMA) FA316020001 330.5 336.4 344.1 357.3 365.5 381.9 393.2 ND 5
Federal government; employers' social contributions paid (IMA) FA316401005 138.6 143.4 145.4 152.4 159.5 168.7 179.3 ND 6
Federal government; operating surplus, net FA316402101 -3.2 -1.4 0.9 -0.6 -2.6 1.1 1.5 -3.1 7
Federal government; net national income/balance of primary incomes, net (IMA) FA316140005 -187.8 -239.7 -264.0 -317.9 -372.5 -912.4 -747.0 -517.9 8
Federal government; operating surplus, net FA316402101 -3.2 -1.4 0.9 -0.6 -2.6 1.1 1.5 -3.1 9
Federal government; taxes on production and imports, receivable (IMA) FA316240001 140.3 136.5 131.5 163.8 174.8 155.8 174.6 201.8 10
Federal government; subsidies paid (with negative sign) (IMA) FA316402015 -56.7 -61.2 -59.3 -62.7 -72.4 -656.7 -478.8 -123.0 11
Federal government; property income (received) FA316150195 161.1 140.8 139.6 123.3 109.9 115.9 135.3 116.7 12
Federal government; interest received (IMA) FA316130101 28.0 29.7 29.8 36.4 37.7 23.0 18.0 21.4 13
Federal government; dividends received (IMA) FA316121185 126.4 106.3 103.7 79.0 63.8 87.0 109.3 81.7 14
Federal government; rents on land and natural resources received (IMA) FA316112101 6.7 4.8 6.1 7.8 8.4 5.9 8.0 13.7 15
Federal government; interest paid (IMA) FA316130095 429.3 454.3 476.7 541.6 582.3 528.6 579.5 710.3 16
Federal government; net national income/balance of primary incomes, net (IMA) FA316140005 -187.8 -239.7 -264.0 -317.9 -372.5 -912.4 -747.0 -517.9 17
Federal government; current taxes on income, wealth, etc. received (IMA) FA316220001 1883.8 1883.9 1868.4 1865.6 1938.8 1959.6 2417.1 2979.2 18
Federal government; contributions for government social insurance received FA316601001 1190.8 1224.4 1284.3 1346.5 1409.2 1434.4 1523.4 1654.2 19
Federal government; social contributions paid FA316404001 1990.3 2045.2 2119.6 2217.7 2349.7 3403.9 3674.8 2886.9 20
Federal government; other current transfers received FA316403105 76.2 79.7 85.5 88.2 76.2 67.2 67.2 70.2 21
Federal government; other current transfers paid (IMA) FA316403001 577.9 605.0 606.4 634.1 659.3 932.7 1174.5 1040.8 22
Federal government; disposable income, net (IMA) FA316012005 394.9 298.1 248.1 130.7 42.5 -1787.8 -1588.5 258.0 23
Federal government; consumption expenditures FA316901001 955.1 965.7 982.5 1038.0 1094.8 1169.6 1246.8 1269.0 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 -560.2 -667.6 -734.4 -907.3 -1052.2 -2957.4 -2835.3 -1011.0 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 -620.2 -728.1 -569.9 -967.9 -1131.3 -3030.7 -2956.4 -1196.3 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) FA316006085 -560.2 -667.6 -734.4 -907.3 -1052.2 -2957.4 -2835.3 -1011.0 27
Federal government; net capital transfers paid FA315440005 59.9 60.5 -164.5 60.6 79.0 73.3 121.0 185.3 28
Federal government; capital formation, net (IMA) FA315050905 -35.8 -10.8 1.8 14.2 24.1 43.3 30.7 -78.0 29
Federal government; gross fixed investment (NIPA basis) FA315019001 266.6 268.8 279.9 300.0 320.6 351.0 362.4 377.7 30
Federal government; consumption of fixed capital, structures, equipment, and intellectual property products, current cost basis (NIPA basis) FA316300001 271.5 270.7 275.9 285.0 293.9 304.7 322.7 347.6 31
Federal government; acquisition of nonproduced nonfinancial assets (net) FA315420003 -30.9 -8.9 -2.2 -0.8 -2.6 -2.9 -9.0 -108.1 32
Federal government; net lending (+) or borrowing (-) (capital account) FA315000995 -584.4 -717.3 -571.6 -982.1 -1155.4 -3074.0 -2987.1 -1118.2 33
Federal government; net lending (+) or borrowing (-) (capital account) FA315000995 -584.4 -717.3 -571.6 -982.1 -1155.4 -3074.0 -2987.1 -1118.2 34
Federal government; total financial assets FA314090005 236.9 206.2 124.1 338.4 77.7 1709.1 -1242.7 109.6 35
Federal government; monetary gold and SDRs; asset FA313011105 0.0 0.7 0.1 0.2 0.2 0.1 113.7 5.0 36
Federal government; monetary gold; asset FA313011205 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 0.0 0.7 0.1 0.2 0.2 0.1 113.7 5.0 38
Federal government; total currency and deposits; asset FA314000005 103.5 67.0 -171.6 178.5 5.7 1333.8 -1322.1 42.4 39
Federal government; other reserves; asset FA313011505 0.1 0.0 0.0 0.0 0.1 0.0 -0.1 0.0 40
Federal government; reserve position in IMF (net); asset FA313011405 -6.5 1.5 -1.8 4.8 4.3 8.8 0.5 0.8 41
Federal government; checkable deposits and currency; asset FA313020005 110.4 65.7 -170.2 173.5 1.0 1326.3 -1323.6 42.6 42
Federal government; total time and savings deposits; asset FA313030003 -0.5 -0.2 0.4 0.1 0.3 -1.3 1.1 -1.0 43
Federal government; nonofficial foreign currencies; asset FA313091105 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 44
Federal government; debt securities; asset FA314022005 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45
Federal government; agency- and GSE-backed securities; asset FA313061703 0.0 0.0 0.0 0.0 0.0 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 0.0 0.0 0.0 0.0 0.0 47
Federal government; loans; asset FA314023005 106.1 97.9 95.8 99.1 93.5 254.1 176.4 152.5 48
Federal government; loans, excluding mortgages; asset FA314041005 106.8 94.7 95.6 95.7 92.9 250.7 170.4 139.1 49
Federal government; consumer credit, student loans; asset FA313066220 103.4 99.6 96.3 90.7 83.0 61.7 55.4 51.0 50
Federal government; other loans and advances; asset FA313069005 3.4 -4.9 -0.7 5.0 9.9 189.0 115.0 88.1 51
Federal government; total mortgages; asset FA313065005 -0.7 3.2 0.2 3.4 0.6 3.3 6.0 13.4 52
Federal government; equity and investment fund shares excluding mutual fund shares and money market fund shares; asset (IMA) FA313081105 2.1 1.7 1.4 5.3 1.4 115.8 -91.6 -5.4 53
Federal government; corporate equities; asset FA313064105 -0.0 -0.1 -0.1 4.0 0.0 0.0 -0.0 0.0 54
Federal government; U.S. equity in IBRD, etc.; asset FA313092803 2.1 1.7 1.5 1.3 1.4 1.8 1.2 0.5 55
Federal government; equity in government-sponsored enterprises (GSEs); asset (2) FA313092403 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 0.0 0.0 0.0 0.0 0.0 57
Federal government; Total Exchange Stabilization Fund Economic Recovery Programs investments in Federal Reserve credit facilities; asset FA313094205 0.0 0.0 0.0 0.0 0.0 114.0 -92.7 -5.9 58
Federal government; other accounts receivable; asset (IMA) FA313096005 25.3 38.9 198.5 55.4 -23.0 5.2 -119.1 -84.9 59
Federal government; trade receivables; asset FA313070000 12.7 3.8 0.1 10.4 -1.9 11.3 10.6 0.1 60
Federal government; total taxes receivable; asset FA313078000 0.4 23.9 189.0 31.3 -26.8 -12.2 -137.2 -94.7 61
Federal government; unidentified miscellaneous assets FA313093003 12.2 11.2 9.4 13.7 5.6 6.1 7.5 9.6 62
Federal government; total liabilities FA314190005 755.7 883.2 634.5 1295.4 1190.7 5008.9 1476.3 1402.0 63
Federal government; special drawing rights (SDRs) allocations; liability FA313111303 0.0 0.0 0.0 0.0 0.0 0.0 112.8 0.0 64
Federal government; total currency and deposits; liability FA314100005 -0.6 -0.6 -0.2 -0.3 -0.5 -0.0 -0.1 -0.4 65
Federal government; debt securities; liability FA314122005 724.6 842.7 447.0 1409.8 1174.9 4581.2 1683.4 1546.9 66
Federal government; Treasury securities; liability FA313161105 724.4 842.8 447.0 1411.2 1176.6 4582.2 1683.8 1546.9 67
Federal government; budget agency securities; liability FA313161705 0.2 -0.1 -0.1 -1.5 -1.7 -1.0 -0.4 0.0 68
Federal government; loans; liability FA314123005 0.0 0.0 151.7 -151.7 0.0 0.0 0.0 0.0 69
Federal government; insurance, pension and standardized guarantee schemes; liability (IMA) FA313152005 13.6 6.0 15.3 -38.0 -20.8 -18.9 -68.3 -118.0 70
Federal government; life insurance reserves; liability FA313140003 -0.1 0.1 -0.2 0.2 0.9 0.2 0.3 0.4 71
Federal government; retiree health care funds; liability FA313195105 7.4 12.9 9.6 13.9 14.4 8.2 21.4 38.5 72
Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset FA343073045 6.4 -7.0 6.0 -52.1 -36.1 -27.3 -90.1 -156.8 73
Federal government; other accounts payable; liability (IMA) FA313196005 18.1 35.2 20.7 75.6 37.2 446.7 -251.5 -26.5 74
Monetary authority; SDR certificates issued by federal government; asset FA713014003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 75
Federal government; trade payables; liability FA313170005 14.5 29.4 17.5 74.0 33.3 35.0 57.5 47.6 76
Federal government; Paycheck Protection Program payables; liability FA313172003 0.0 0.0 0.0 0.0 0.0 415.4 -306.8 -96.4 77
Federal government; unidentified miscellaneous liabilities, including liability due to FICO FA313193005 3.5 5.8 3.2 1.6 3.9 -3.8 -2.3 22.3 78
Federal government; net lending (+) or borrowing (-) (financial account) FA315000005 -518.8 -677.0 -510.3 -957.0 -1113.0 -3299.9 -2719.0 -1292.4 79
Federal government; total other volume changes (IMA) FV318090185 122.5 64.9 138.0 8.3 -38.1 -175.3 450.7 34.6 80
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 81
Federal government; other volume changes (IMA) FV318090085 56.9 24.6 76.7 -16.7 -80.6 50.6 182.6 208.8 82
Federal government; statistical discrepancy (IMA) (3) FU317005045 -65.6 -40.3 -61.3 -25.0 -42.4 225.8 -268.1 174.2 83
Federal government; nonfinancial assets (does not include land) FR312010095 7.1 56.1 85.8 110.6 60.6 102.5 237.9 322.1 84
Federal government; total residential and nonresidential structures FR315015605 11.7 47.7 55.6 66.2 38.5 53.8 166.5 208.5 85
Federal government; nonresidential equipment, current cost basis FR315013265 -2.9 0.8 5.8 14.0 8.2 4.9 30.1 50.3 86
Federal government; nonresidential intellectual property products, current cost basis FR315013765 -1.7 7.6 24.4 30.4 13.9 43.8 41.4 63.2 87
Federal government; financial assets with revaluations (IMA) FR318080005 -3.3 -2.1 4.0 -5.7 -0.4 3.5 -4.0 -9.7 88
Federal government; monetary gold and SDRs; asset FR313011105 -2.3 -1.5 2.9 -1.2 -0.3 2.1 -3.0 -8.1 89
Federal government; total currency and deposits; asset FR314000005 -1.1 -0.6 1.1 -0.4 -0.1 1.4 -1.0 -1.7 90
Federal government; corporate equities; asset FR313064105 0.0 0.0 0.0 -4.0 0.0 0.0 0.0 0.0 91
Federal government; equity investment in funding corporations under PPIP; asset FR313094303 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92
Federal government; special drawing rights (SDRs) allocations; liability FR313111303 -2.2 -1.5 2.8 -1.2 -0.3 2.0 -2.9 -7.9 93
Federal government; changes in net worth due to nominal holding gains/losses (IMA) FR318200005 6.0 55.5 87.0 106.1 60.5 104.0 236.9 320.3 94
Federal government; net worth (IMA) FC312090095 -491.7 -607.8 -344.9 -853.5 -1108.9 -3101.9 -2268.8 -841.4 95
Federal government; total assets (does not include land) FL312000095 5405.6 5658.1 5925.7 6384.5 6488.4 8420.9 7627.4 8157.4 96
Federal government; nonfinancial assets (does not include land) (4) LM312010095 3251.0 3305.2 3395.0 3520.5 3608.0 3756.8 4034.8 4387.3 97
Federal government; total residential and nonresidential structures LM315015605 1506.8 1544.2 1587.3 1642.7 1674.1 1724.4 1882.7 2083.3 98
Federal government; nonresidential equipment, current cost basis LM315013265 745.5 748.3 760.8 787.0 815.9 844.3 892.4 950.2 99
Federal government; nonresidential intellectual property products, current cost basis LM315013765 998.8 1012.8 1046.9 1090.7 1118.0 1188.1 1259.6 1353.7 100
Federal government; total financial assets FL314090005 2154.6 2352.9 2530.7 2864.0 2880.4 4664.1 3592.6 3770.1 101
Federal government; monetary gold and SDRs; asset FL313011105 49.7 48.9 51.9 50.8 50.8 52.9 163.6 160.5 102
Federal government; monetary gold; asset FL313011205 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103
Federal government; special drawing rights (SDRs) holdings; asset FL313011303 49.7 48.9 51.9 50.8 50.7 52.9 163.6 160.5 104
Federal government; total currency and deposits; asset FL314000005 379.7 446.1 275.6 453.7 459.2 1794.4 471.3 512.1 105
Federal government; other reserves; asset FL313011505 19.5 19.2 21.2 20.8 20.6 22.1 20.2 18.4 106
Federal government; reserve position in IMF (net); asset FL313011405 17.7 18.7 17.9 22.3 26.4 36.6 36.1 35.2 107
Federal government; checkable deposits and currency; asset FL313020005 338.1 404.0 232.0 405.9 407.2 1732.1 410.3 454.7 108
Federal government; total time and savings deposits; asset FL313030003 1.8 1.5 1.9 2.0 2.3 1.0 2.1 1.1 109
Federal government; nonofficial foreign currencies; asset FL313091105 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 110
Federal government; debt securities; asset FL314022005 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 111
Federal government; agency- and GSE-backed securities; asset FL313061703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 112
Federal government; corporate bonds issued by commercial banking under TARP; asset FL313063763 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 113
Federal government; loans; asset FL314023005 1287.7 1385.6 1481.4 1580.5 1674.0 1928.0 2104.4 2278.3 114
Federal government; loans, excluding mortgages; asset FL314041005 1171.2 1265.9 1361.5 1457.3 1550.1 1800.9 1971.2 2110.3 115
Federal government; consumer credit, student loans; asset FL313066220 949.7 1049.3 1145.6 1236.3 1319.2 1381.0 1436.4 1487.3 116
Federal government; other loans and advances; asset FL313069005 221.6 216.6 216.0 221.0 230.9 419.9 534.9 623.0 117
Federal government; total mortgages; asset FL313065005 116.5 119.7 119.8 123.2 123.8 127.2 133.1 168.0 118
Federal government; equity and investment fund shares excluding mutual fund shares and money market fund shares; asset (IMA) FL313081105 94.9 96.6 98.0 99.3 100.6 216.5 124.9 119.6 119
Federal government; corporate equities; asset LM313064105 33.4 33.3 33.2 33.2 33.2 33.2 33.2 33.2 120
Federal government; U.S. equity in IBRD, etc.; asset FL313092803 61.5 63.3 64.8 66.1 67.5 69.3 70.5 71.0 121
Federal government; equity in government-sponsored enterprises (GSEs); asset (2) FL313092403 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 122
Federal government; equity investment in funding corporations under PPIP; asset LM313094303 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 123
Federal government; Total Exchange Stabilization Fund Economic Recovery Programs investments in Federal Reserve credit facilities; asset FL313094205 0.0 0.0 0.0 0.0 0.0 114.0 21.3 15.4 124
Federal government; other accounts receivable; asset (IMA) FL313096005 342.1 375.2 623.4 679.3 595.4 671.7 727.9 699.2 125
Federal government; trade receivables; asset FL313070000 61.2 64.9 65.0 75.4 73.5 84.9 95.5 95.6 126
Federal government; total taxes receivable; asset FL313078000 175.1 193.2 432.0 463.9 376.2 435.1 473.1 434.7 127
Federal government; unidentified miscellaneous assets FL313093003 105.8 117.0 126.4 140.0 145.7 151.8 159.3 168.9 128
Federal government; total assets (does not include land) FL312000095 5405.6 5658.1 5925.7 6384.5 6488.4 8420.9 7627.4 8157.4 129
Federal government; total liabilities FL314190005 17555.2 18415.5 19028.0 20340.2 21553.1 26587.5 28062.8 29434.3 130
Federal government; special drawing rights (SDRs) allocations; liability FL313111303 48.9 47.5 50.3 49.1 48.8 50.9 160.8 152.9 131
Federal government; total currency and deposits; liability FL314100005 24.8 24.2 24.0 23.7 23.2 23.1 23.0 22.6 132
Federal government; debt securities; liability FL314122005 15165.6 16008.3 16455.3 17865.0 19039.9 23621.1 25304.5 26851.4 133
Federal government; Treasury securities; liability FL313161105 15141.1 15983.8 16430.9 17842.1 19018.7 23600.9 25284.7 26831.6 134
Federal government; budget agency securities; liability FL313161705 24.6 24.5 24.4 22.9 21.2 20.2 19.8 19.8 135
Federal government; loans; liability FL314123005 0.0 0.0 151.7 0.0 0.0 0.0 0.0 0.0 136
Federal government; insurance, pension and standardized guarantee schemes; liability (IMA) FL313152005 2048.1 2039.0 2033.2 2015.1 2020.7 2021.2 1952.6 1834.3 137
Federal government; life insurance reserves; liability FL313140003 51.1 51.3 51.1 51.3 52.2 52.4 52.6 53.0 138
Federal government; retiree health care funds; liability FL313195105 264.7 277.6 287.1 301.0 315.4 323.6 345.1 383.6 139
Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset FL343073045 1732.3 1710.1 1695.0 1662.8 1653.1 1645.2 1554.8 1397.7 140
Federal government; other accounts payable; liability (IMA) FL313196005 267.7 296.5 313.5 387.3 420.5 871.2 622.0 573.2 141
Monetary authority; SDR certificates issued by federal government; asset FL713014003 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 142
Federal government; trade payables; liability FL313170005 261.4 290.7 308.2 382.3 415.5 450.6 508.1 555.7 143
Federal government; Paycheck Protection Program payables; liability FL313172003 0.0 0.0 0.0 0.0 0.0 415.4 108.7 12.3 144
Federal government; liability due to FICO FL313193013 1.2 0.6 0.1 -0.2 -0.2 0.0 0.0 0.0 145
Federal government; net worth (IMA) FL312090095 -12149.6 -12757.3 -13102.3 -13955.7 -15064.7 -18166.6 -20435.4 -21276.8 146

NOTES

  1. The federal government sector excludes federal government 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 2004:Q4.
  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 transactions, and other statistical differences between the capital and financial accounts.
  4. Excludes land and nonproduced nonfinancial assets.
Last Update: June 8, 2023