Financial Accounts of the United States - Z.1
L.105 General Government (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; total financial assets | FL364090005 | 8653.8 | 9164.3 | 9647.6 | 9351.1 | 9375.3 | 9809.9 | 9647.6 | 9677.6 | 9840.3 | 1 |
| Federal government; monetary gold and SDRs; asset | FL313011105 | 634.8 | 710.0 | 849.2 | 745.3 | 775.7 | 860.6 | 849.2 | 985.0 | 1034.2 | 2 |
| General government; checkable deposits and currency; asset | FL363020005 | 815.1 | 1151.6 | 1119.1 | 1162.1 | 1154.0 | 1257.8 | 1119.1 | 805.1 | 849.9 | 3 |
| General government; total time and savings deposits; asset | FL363030005 | 371.6 | 375.5 | 375.6 | 374.5 | 372.5 | 370.3 | 375.6 | 369.2 | 365.4 | 4 |
| State and local governments; money market fund shares; asset | FL213034003 | 65.3 | 72.0 | 81.9 | 72.5 | 73.6 | 77.1 | 81.9 | 83.4 | 84.0 | 5 |
| General government; security repurchase agreements; asset | FL362051005 | 199.8 | 217.0 | 233.2 | 219.5 | 225.1 | 239.3 | 233.2 | 238.4 | 248.1 | 6 |
| General government; debt securities; asset | FL364022005 | 2278.9 | 2470.6 | 2633.1 | 2496.3 | 2549.7 | 2677.6 | 2633.1 | 2712.0 | 2808.6 | 7 |
| State and local governments; commercial paper; asset | FL213069103 | 261.1 | 264.6 | 262.8 | 267.6 | 264.1 | 269.5 | 262.8 | 286.1 | 301.5 | 8 |
| State and local governments; Treasury securities, excluding SLGS; asset | FL213061103 | 1298.1 | 1433.9 | 1550.4 | 1459.4 | 1496.7 | 1577.4 | 1550.4 | 1585.5 | 1639.9 | 9 |
| General government; agency- and GSE-backed securities; asset | FL363061705 | 392.6 | 420.7 | 449.1 | 422.8 | 433.6 | 457.0 | 449.1 | 459.3 | 475.1 | 10 |
| State and local governments; municipal securities; asset | FL213062003 | 40.7 | 45.0 | 48.4 | 45.6 | 46.7 | 49.2 | 48.4 | 49.5 | 51.2 | 11 |
| General government; corporate and foreign bonds; asset | FL363063005 | 286.4 | 306.5 | 322.3 | 300.9 | 308.5 | 324.5 | 322.3 | 331.7 | 341.0 | 12 |
| General government; loans; asset | FL364023005 | 2642.2 | 2518.7 | 2634.3 | 2546.6 | 2559.3 | 2609.3 | 2634.3 | 2665.7 | 2672.3 | 13 |
| General government; total mortgages; asset | FL363065005 | 427.4 | 404.4 | 417.6 | 408.0 | 411.4 | 413.9 | 417.6 | 420.0 | 421.0 | 14 |
| Federal government; consumer credit, student loans; asset | FL313066220 | 1487.3 | 1462.2 | 1518.0 | 1488.6 | 1484.9 | 1515.7 | 1518.0 | 1539.5 | 1545.3 | 15 |
| General government; other loans and advances; asset | FL363069005 | 727.5 | 652.1 | 698.7 | 650.0 | 663.0 | 679.7 | 698.7 | 706.1 | 706.0 | 16 |
| General government; corporate equities; asset | LM363064105 | 154.4 | 167.2 | 177.3 | 168.8 | 172.3 | 179.8 | 177.3 | 180.6 | 185.6 | 17 |
| Federal government; other equity; asset (IMA) | FL313081115 | 88.3 | 82.1 | 80.4 | 82.1 | 81.5 | 82.0 | 80.4 | 80.5 | 80.5 | 18 |
| State and local governments; mutual fund shares; asset | LM213064203 | 58.2 | 64.3 | 69.2 | 65.1 | 66.8 | 70.4 | 69.2 | 70.7 | 73.2 | 19 |
| General government; trade receivables; asset | FL363070005 | 405.3 | 437.7 | 450.8 | 432.3 | 441.1 | 448.1 | 450.8 | 453.1 | 468.9 | 20 |
| General government; taxes receivable; asset | FL363078005 | 734.8 | 677.0 | 714.8 | 760.2 | 674.6 | 699.8 | 714.8 | 799.3 | 723.9 | 21 |
| State and local governments; unidentified miscellaneous assets | FL213093003 | 153.3 | 172.6 | 189.2 | 178.1 | 182.6 | 192.5 | 189.2 | 193.5 | 200.1 | 22 |
| General government; total liabilities | FL364190005 | 37300.7 | 39827.5 | 41773.9 | 40270.0 | 40448.7 | 41042.9 | 41773.9 | 42307.7 | 42130.7 | 23 |
| Federal government; special drawing rights (SDRs) allocations; liability | LM313111303 | 152.9 | 154.1 | 149.8 | 152.1 | 151.1 | 155.8 | 149.8 | 152.6 | 157.8 | 24 |
| Federal government; Treasury currency; liability | FL313125003 | 51.4 | 52.6 | 53.1 | 52.8 | 53.0 | 53.1 | 53.1 | 53.0 | 53.2 | 25 |
| Federal government; postal savings system deposits; liability | FL313131003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26 |
| General government; debt securities; liability | FL364122005 | 27096.0 | 29500.5 | 31511.1 | 30100.0 | 30230.6 | 30944.9 | 31511.1 | 31846.3 | 31973.1 | 27 |
| Federal government; total marketable Treasury securities; liability | FL313161105 | 23845.0 | 26226.6 | 28139.5 | 26808.6 | 26903.1 | 27586.4 | 28139.5 | 28447.3 | 28518.3 | 28 |
| Federal government; budget agency securities; liability | FL313161705 | 19.8 | 20.2 | 20.5 | 19.9 | 20.2 | 20.3 | 20.5 | 20.7 | 21.1 | 29 |
| State and local governments; municipal securities; liability | FL213162005 | 3231.2 | 3253.8 | 3351.2 | 3271.4 | 3307.3 | 3338.2 | 3351.2 | 3378.3 | 3433.6 | 30 |
| General government; loans; liability | FL364123005 | 3135.0 | 3366.9 | 3594.0 | 3346.5 | 3366.0 | 3425.4 | 3594.0 | 3564.2 | 3433.6 | 31 |
| State and local governments; depository institution loans n.e.c.; liability | FL213168003 | 125.1 | 117.5 | 111.7 | 111.3 | 111.3 | 109.6 | 111.7 | 111.7 | 112.6 | 32 |
| General government; other loans and advances; liability | FL363169005 | 3009.9 | 3249.3 | 3482.3 | 3235.2 | 3254.7 | 3315.7 | 3482.3 | 3452.5 | 3320.9 | 33 |
| 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 | 34 |
| Federal government; life insurance reserves; liability | FL313140003 | 53.0 | 54.3 | 56.5 | 55.2 | 55.3 | 56.3 | 56.5 | 57.6 | 57.7 | 35 |
| General government; trade payables; liability | FL363170005 | 1727.7 | 1880.9 | 1984.2 | 1897.9 | 1929.4 | 1951.4 | 1984.2 | 2018.4 | 2056.7 | 36 |
| General government; total miscellaneous liabilities | FL363190005 | 5084.8 | 4818.2 | 4425.2 | 4665.4 | 4663.4 | 4456.0 | 4425.2 | 4615.6 | 4398.6 | 37 |
| General government (consolidated); total financial assets (2) | FL374090005 | 7191.8 | 7569.7 | 7924.7 | 7730.1 | 7708.7 | 8047.3 | 7924.7 | 7930.4 | 8034.5 | 38 |
| General government (consolidated); total liabilities (2) | FL374190005 | 35838.7 | 38232.9 | 40051.0 | 38649.0 | 38782.1 | 39280.3 | 40051.0 | 40560.4 | 40324.9 | 39 |
NOTES
- Sum of the federal government and state and local governments sectors.
- Excludes Treasury securities and municipal securities held by state and local governments (lines 9 and 11) and federal government loans to state and local governments (line 33).
Last Update: September 11, 2025