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 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| General government; total financial assets | FL364090005 | 8844.8 | 9319.5 | 9804.6 | 9532.8 | 9965.9 | 9804.6 | 9828.0 | 9974.1 | 10755.5 | 1 |
| Federal government; monetary gold and SDRs; asset | FL313011105 | 634.8 | 710.0 | 849.2 | 775.7 | 860.6 | 849.2 | 985.0 | 1034.5 | 1177.0 | 2 |
| General government; checkable deposits and currency; asset | FL363020005 | 815.2 | 1151.6 | 1119.1 | 1154.0 | 1257.8 | 1119.1 | 808.0 | 852.8 | 1278.5 | 3 |
| General government; total time and savings deposits; asset | FL363030005 | 371.6 | 375.5 | 375.6 | 372.5 | 370.3 | 375.6 | 366.6 | 362.9 | 354.4 | 4 |
| State and local governments; money market fund shares; asset | FL213034003 | 65.3 | 72.0 | 81.9 | 73.6 | 77.1 | 81.9 | 83.4 | 84.0 | 87.5 | 5 |
| General government; security repurchase agreements; asset | FL362051005 | 199.5 | 211.7 | 220.5 | 216.4 | 228.3 | 220.5 | 223.7 | 230.2 | 237.8 | 6 |
| General government; debt securities; asset | FL364022005 | 2275.1 | 2415.6 | 2506.3 | 2461.5 | 2565.7 | 2506.3 | 2563.7 | 2643.5 | 2694.2 | 7 |
| State and local governments; commercial paper; asset | FL213069103 | 261.1 | 264.6 | 264.4 | 264.1 | 269.5 | 264.4 | 287.6 | 301.7 | 290.5 | 8 |
| State and local governments; Treasury securities, excluding SLGS; asset | FL213061103 | 1296.0 | 1398.4 | 1466.5 | 1439.2 | 1504.3 | 1466.5 | 1487.5 | 1530.7 | 1572.3 | 9 |
| General government; agency- and GSE-backed securities; asset | FL363061705 | 391.9 | 410.3 | 424.8 | 416.9 | 435.8 | 424.8 | 430.9 | 443.4 | 455.5 | 10 |
| State and local governments; municipal securities; asset | FL213062003 | 40.6 | 43.9 | 45.8 | 44.9 | 47.0 | 45.8 | 46.4 | 47.8 | 49.1 | 11 |
| General government; corporate and foreign bonds; asset | FL363063005 | 285.4 | 298.5 | 304.8 | 296.3 | 309.2 | 304.8 | 311.3 | 319.9 | 326.7 | 12 |
| General government; loans; asset | FL364023005 | 2594.1 | 2470.6 | 2586.2 | 2511.2 | 2561.2 | 2586.2 | 2618.7 | 2627.8 | 2656.3 | 13 |
| General government; total mortgages; asset | FL363065005 | 427.4 | 404.4 | 417.6 | 411.4 | 413.9 | 417.6 | 420.0 | 422.4 | 424.8 | 14 |
| Federal government; consumer credit, student loans; asset | FL313066220 | 1487.3 | 1462.2 | 1518.0 | 1484.9 | 1515.7 | 1518.0 | 1539.5 | 1545.3 | 1573.2 | 15 |
| General government; other loans and advances; asset | FL363069005 | 679.4 | 604.0 | 650.7 | 614.9 | 631.7 | 650.7 | 659.1 | 660.1 | 658.2 | 16 |
| General government; corporate equities; asset | LM363064105 | 348.6 | 385.9 | 453.9 | 421.6 | 445.6 | 453.9 | 468.0 | 484.7 | 518.1 | 17 |
| Federal government; other equity; asset (IMA) | FL313081115 | 88.3 | 82.1 | 80.4 | 81.5 | 82.0 | 80.4 | 80.5 | 80.6 | 82.4 | 18 |
| State and local governments; mutual fund shares; asset | LM213064203 | 58.1 | 62.7 | 65.4 | 64.2 | 67.1 | 65.4 | 66.4 | 68.3 | 70.2 | 19 |
| General government; trade receivables; asset | FL363070005 | 405.3 | 437.7 | 455.9 | 441.1 | 453.6 | 455.9 | 466.7 | 481.5 | 487.9 | 20 |
| General government; taxes receivable; asset | FL363078005 | 742.7 | 677.7 | 725.9 | 679.5 | 705.8 | 725.9 | 805.1 | 719.0 | 797.5 | 21 |
| State and local governments; unidentified miscellaneous assets | FL213093003 | 153.1 | 168.4 | 178.9 | 175.6 | 183.6 | 178.9 | 181.5 | 186.8 | 191.9 | 22 |
| General government; total liabilities | FL364190005 | 37259.0 | 39857.9 | 41873.8 | 40513.7 | 41124.9 | 41873.8 | 42418.5 | 42319.7 | 43291.1 | 23 |
| Federal government; special drawing rights (SDRs) allocations; liability | LM313111303 | 152.9 | 154.1 | 149.8 | 151.1 | 155.8 | 149.8 | 152.6 | 157.8 | 157.5 | 24 |
| Federal government; Treasury currency; liability | FL313125003 | 51.4 | 52.6 | 53.1 | 53.0 | 53.1 | 53.1 | 53.0 | 53.2 | 52.7 | 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 | 27104.1 | 29509.4 | 31520.8 | 30240.0 | 30954.3 | 31520.8 | 31856.0 | 31982.9 | 33082.4 | 27 |
| Federal government; total marketable Treasury securities; liability | FL313161105 | 23845.0 | 26226.6 | 28139.5 | 26903.1 | 27586.4 | 28139.5 | 28447.3 | 28518.3 | 29571.6 | 28 |
| Federal government; budget agency securities; liability | FL313161705 | 19.8 | 20.2 | 20.5 | 20.2 | 20.3 | 20.5 | 20.7 | 21.1 | 22.1 | 29 |
| State and local governments; municipal securities; liability | FL213162005 | 3239.3 | 3262.6 | 3360.8 | 3316.7 | 3347.6 | 3360.8 | 3388.0 | 3443.4 | 3488.7 | 30 |
| General government; loans; liability | FL364123005 | 3135.0 | 3366.9 | 3594.0 | 3366.0 | 3425.4 | 3594.0 | 3564.2 | 3436.4 | 3663.2 | 31 |
| State and local governments; depository institution loans n.e.c.; liability | FL213168003 | 125.1 | 117.5 | 111.7 | 111.3 | 109.6 | 111.7 | 111.7 | 115.4 | 116.9 | 32 |
| General government; other loans and advances; liability | FL363169005 | 3009.9 | 3249.3 | 3482.3 | 3254.7 | 3315.7 | 3482.3 | 3452.5 | 3320.9 | 3546.3 | 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 | 55.3 | 56.3 | 56.5 | 57.6 | 57.7 | 58.9 | 35 |
| General government; trade payables; liability | FL363170005 | 1728.7 | 1883.0 | 1987.3 | 1932.0 | 1954.0 | 1987.3 | 2021.7 | 2057.3 | 2088.0 | 36 |
| General government; total miscellaneous liabilities | FL363190005 | 5033.9 | 4837.6 | 4512.4 | 4716.4 | 4526.0 | 4512.4 | 4713.3 | 4574.4 | 4188.2 | 37 |
| General government (consolidated); total financial assets (2) | FL374090005 | 7385.0 | 7761.4 | 8168.2 | 7925.6 | 8278.7 | 8168.2 | 8181.8 | 8281.0 | 9019.9 | 38 |
| General government (consolidated); total liabilities (2) | FL374190005 | 35799.2 | 38299.9 | 40237.4 | 38906.4 | 39437.7 | 40237.4 | 40772.3 | 40626.6 | 41555.5 | 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: January 9, 2026