| �F.106 Federal Government������������ |
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| �Billions of dollars; quarterly figures are
seasonally adjusted annual rates������������ |
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�stock price direction� |
DOWN |
DOWN |
DOWN |
UP |
UP |
UP |
DOWN |
UP |
UP |
UP |
DOWN |
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�bond price direction |
UP |
UP |
UP |
UP |
DOWN |
DOWN |
UP |
DOWN |
DOWN |
DOWN |
DOWN |
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2001 |
2002 |
2003 |
2004 |
2005 |
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2005 |
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2006 |
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Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
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| 1 |
Current receipts, NIPA basis |
2016.2 |
1853.2 |
1879.9 |
2001.0 |
2246.7 |
2214.5 |
2240.3 |
2182.4 |
2349.8 |
2490.9 |
2559.4 |
1 |
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| 2 |
Personal current taxes |
994.5 |
830.5 |
774.5 |
801.4 |
927.9 |
891.2 |
910.9 |
941.0 |
968.4 |
1039.2 |
1067.2 |
2 |
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| 3 |
Taxes on production and imports |
85.8 |
87.3 |
89.7 |
94.6 |
101.1 |
97.9 |
102.7 |
102.4 |
101.6 |
101.1 |
102.4 |
3 |
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| 4 |
Taxes on corporate income |
164.7 |
150.5 |
197.8 |
244.5 |
326.4 |
327.6 |
321.4 |
309.5 |
347.1 |
374.3 |
395.4 |
4 |
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| 5 |
Taxes from the rest of the world |
7.1 |
7.3 |
8.9 |
9.7 |
10.8 |
11.3 |
9.3 |
11.4 |
11.4 |
10.4 |
11.0 |
5 |
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| 6 |
Contributions for govt. social insurance |
717.5 |
734.3 |
758.9 |
802.2 |
855.3 |
838.3 |
846.1 |
863.2 |
873.8 |
911.9 |
928.1 |
6 |
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| 7 |
Income receipts on assets |
24.9 |
20.2 |
22.9 |
22.1 |
22.9 |
22.8 |
23.8 |
22.8 |
22.3 |
23.3 |
23.9 |
7 |
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| 8 |
Current transfer receipts |
27.1 |
24.8 |
25.0 |
27.7 |
7.1 |
29.1 |
30.5 |
-61.7 |
30.6 |
32.2 |
32.8 |
8 |
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| 9 |
Current surplus of government enterprises |
-5.5 |
-1.6 |
2.3 |
-1.2 |
-4.9 |
-3.7 |
-4.5 |
-6.0 |
-5.4 |
-1.4 |
-1.3 |
9 |
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| 10 |
Current expenditures, NIPA basis |
1969.5 |
2101.1 |
2252.1 |
2383.0 |
2555.9 |
2502.0 |
2529.9 |
2578.5 |
2613.3 |
2637.9 |
2686.6 |
10 |
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| 11 |
Consumption expenditures |
531.9 |
591.5 |
662.7 |
724.5 |
768.6 |
758.0 |
760.8 |
784.3 |
771.1 |
803.6 |
802.6 |
11 |
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| 12 |
Government social benefits |
841.4 |
919.6 |
966.5 |
1018.4 |
1081.7 |
1065.9 |
1076.4 |
1087.8 |
1096.7 |
1148.8 |
1166.4 |
12 |
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| 13 |
Other current transfer payments |
290.0 |
323.4 |
362.2 |
374.9 |
395.0 |
395.2 |
385.4 |
393.5 |
405.7 |
373.3 |
379.8 |
13 |
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| 14 |
Interest payments |
258.6 |
229.1 |
212.9 |
220.9 |
253.8 |
230.9 |
252.1 |
255.2 |
277.1 |
257.5 |
285.4 |
14 |
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| 15 |
Subsidies |
47.6 |
37.5 |
47.8 |
44.3 |
56.9 |
51.9 |
55.2 |
57.7 |
62.7 |
54.7 |
52.3 |
15 |
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| 16 |
- Wage accruals less disbursements |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
16 |
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| 17 |
Net federal government saving, NIPA basis |
46.7 |
-247.9 |
-372.1 |
-382.0 |
-309.2 |
-287.6 |
-289.6 |
-396.0 |
-263.6 |
-147.0 |
-127.2 |
17 |
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| 18 |
+ Consumption of fixed capital |
88.2 |
88.9 |
90.4 |
94.1 |
99.0 |
97.5 |
98.2 |
99.8 |
100.7 |
102.4 |
103.7 |
18 |
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| 19 |
- Insurance and pension reserves (1) |
3.3 |
-1.7 |
-0.6 |
0.0 |
0.7 |
4.5 |
0.0 |
-3.7 |
1.9 |
4.0 |
-1.7 |
19 |
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| 20 |
+ Net capital transfers (2) |
-12.9 |
-23.1 |
-40.4 |
-38.4 |
-42.0 |
-47.7 |
-41.4 |
-40.4 |
-38.5 |
-43.2 |
-44.2 |
20 |
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| 21 |
= Gross saving and net capital transfers |
118.8 |
-180.5 |
-321.5 |
-326.4 |
-252.8 |
-242.3 |
-232.7 |
-333.0 |
-203.4 |
-91.7 |
-66.0 |
21 |
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| 22 |
Gross investment |
82.1 |
-173.8 |
-373.6 |
-330.3 |
-238.6 |
-434.3 |
-28.7 |
-269.4 |
-222.0 |
-446.7 |
233.8 |
22 |
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| 23 |
Fixed investment |
81.0 |
88.1 |
93.7 |
101.4 |
109.8 |
104.8 |
107.6 |
111.5 |
115.1 |
118.2 |
117.3 |
23 |
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| 24 |
Nonproduced nonfinancial assets |
-0.7 |
0.3 |
-0.2 |
0.0 |
-0.6 |
0.3 |
-0.6 |
-2.3 |
0.0 |
0.2 |
-2.3 |
24 |
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| 25 |
Net financial investment |
1.8 |
-262.2 |
-467.1 |
-431.7 |
-347.7 |
-539.4 |
-135.7 |
-378.6 |
-337.1 |
-565.1 |
118.9 |
25 |
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| 26 |
Net acq. of financial assets |
55.2 |
24.8 |
33.9 |
-2.9 |
15.4 |
92.2 |
-33.6 |
-50.2 |
53.3 |
-3.5 |
61.3 |
26 |
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| 27 |
Gold, SDRs, and official foreign exchange |
4.6 |
3.4 |
-1.8 |
-3.1 |
-14.4 |
-21.6 |
2.9 |
-19.4 |
-19.5 |
-2.3 |
1.9 |
27 |
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| 28 |
Checkable deposits and currency |
41.1 |
-17.1 |
9.2 |
-31.0 |
12.6 |
39.9 |
-31.1 |
-8.6 |
50.2 |
-67.3 |
75.6 |
28 |
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| 29 |
Time and savings deposits |
4.2 |
17.1 |
-25.2 |
0.0 |
-1.0 |
-0.1 |
-2.8 |
1.5 |
-2.5 |
0.4 |
0.2 |
29 |
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| 30 |
Credit market instruments |
6.0 |
9.5 |
-2.7 |
3.3 |
-2.7 |
0.9 |
-6.2 |
-6.3 |
0.8 |
7.3 |
9.4 |
30 |
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| 31 |
Agency- and GSE-backed securities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
31 |
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| 32 |
Other loans and advances |
-6.0 |
-3.7 |
-1.5 |
-2.6 |
-8.8 |
-10.2 |
-9.3 |
-10.4 |
-5.3 |
-5.2 |
-0.8 |
32 |
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| 33 |
Mortgages |
-1.1 |
0.5 |
-2.5 |
1.6 |
2.4 |
1.1 |
0.6 |
3.8 |
4.0 |
1.8 |
6.9 |
33 |
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| 34 |
Consumer credit (3) |
13.1 |
12.7 |
1.3 |
4.3 |
3.8 |
10.0 |
2.6 |
0.3 |
2.1 |
10.7 |
3.3 |
34 |
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| 35 |
Trade receivables |
7.3 |
-3.3 |
19.1 |
10.5 |
9.1 |
-6.4 |
16.2 |
18.8 |
7.8 |
-15.5 |
6.3 |
35 |
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| 36 |
Taxes receivable |
-9.3 |
15.2 |
33.9 |
16.9 |
13.2 |
83.6 |
-11.4 |
-34.7 |
15.3 |
69.2 |
-33.0 |
36 |
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| 37 |
Miscellaneous assets |
1.3 |
0.0 |
1.4 |
0.6 |
-1.4 |
-4.1 |
-1.2 |
-1.5 |
1.2 |
4.7 |
0.9 |
37 |
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| 38 |
Net increase in liabilities |
53.4 |
286.9 |
501.0 |
428.8 |
363.2 |
631.7 |
102.2 |
328.4 |
390.4 |
561.5 |
-57.6 |
38 |
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| 39 |
SDR certificates |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
39 |
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| 40 |
Treasury currency |
1.3 |
1.0 |
0.6 |
0.7 |
0.8 |
0.8 |
1.1 |
0.9 |
0.3 |
0.6 |
0.8 |
40 |
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| 41 |
Credit market instruments |
-5.6 |
257.6 |
396.0 |
361.9 |
306.9 |
569.7 |
25.1 |
263.9 |
368.9 |
531.5 |
-116.1 |
41 |
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| 42 |
Savings bonds |
5.6 |
4.5 |
8.9 |
0.6 |
0.7 |
-0.2 |
0.3 |
-1.1 |
3.8 |
3.8 |
-2.7 |
42 |
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| 43 |
Other Treasury securities |
-10.7 |
252.5 |
389.5 |
361.9 |
306.6 |
570.6 |
26.2 |
265.3 |
364.3 |
528.7 |
-113.7 |
43 |
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| 44 |
Budget agency securities |
-0.5 |
0.5 |
-2.4 |
-0.6 |
-0.4 |
-0.7 |
-1.4 |
-0.4 |
0.8 |
-1.0 |
0.2 |
44 |
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| 45 |
Multifamily residential mortgages |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
45 |
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| 46 |
Trade payables |
3.4 |
0.8 |
72.6 |
14.8 |
12.4 |
15.1 |
15.4 |
15.4 |
3.9 |
7.9 |
20.2 |
46 |
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| 47 |
Insurance reserves |
1.4 |
1.6 |
1.1 |
1.1 |
1.1 |
0.0 |
1.7 |
0.3 |
2.6 |
0.3 |
2.2 |
47 |
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| 48 |
Miscellaneous liabilities (4) |
53.0 |
26.0 |
30.7 |
50.3 |
41.9 |
46.1 |
58.9 |
48.0 |
14.7 |
21.2 |
35.4 |
48 |
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| 49 |
Nonmarketable securities held by pension plans |
60.8 |
24.5 |
24.7 |
40.9 |
40.0 |
42.1 |
33.8 |
40.9 |
43.1 |
32.5 |
18.7 |
49 |
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| 50 |
Other |
-7.8 |
1.5 |
6.0 |
9.3 |
1.9 |
4.0 |
25.1 |
7.1 |
-28.4 |
-11.3 |
16.7 |
50 |
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| 51 |
Discrepancy |
36.7 |
-6.7 |
52.1 |
3.9 |
-14.2 |
192.0 |
-204.0 |
-63.6 |
18.6 |
355.0 |
-299.9 |
51 |
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| Memo: |
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| 52 |
Change in cash balance (5) |
50.9 |
-1.6 |
-24.8 |
-3.1 |
4.6 |
21.0 |
-45.8 |
14.8 |
28.3 |
-59.4 |
62.2 |
52 |
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| �-1�
Railroad Retirement Board, the National Railroad Retirement Investment
Trust, and federal government life insurance reserves.������������������� |
| �-2 Table F.9, line 2.�������������������� |
| �-3 Student loans.�������������������� |
| �-4���
Includes nonmarketable government securities held by the civil service
retirement and disability fund, Railroad Retirement Board, judicial
retirement fund, military retirement fund, and foreign service
retirement����������������� |
| � and disability fund.�������������������� |
| �-5��
Time and savings deposits (line 29) plus checkable deposit and
currency liabilities of the monetary authority and commercial banking sectors
(table F.204, lines 3 and 7).������������������ |
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