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F.9 Net Capital Transfers1
   Billions of dollars; quarterly figures are seasonally adjusted annual rates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Description
1998
1999
2000
2001
2002
2003
2003   Q1
2003   Q2
2003   Q3
2003   Q4
2004   Q1
LineConsolidated federal, state and local government net capital transfers received by government (NIPA)s
	32.4
	32.5
	35.6
	35.6
	32.9
	29.1
	30.5
	25.9
	28.7
	31.2
	31.0
	1Federal government capital transfers received by federal government (NIPA)
	-3.6
	-7.4
	-8.1
	-12.9
	-18.7
	-22.8
	-13.8
	-28.4
	-29.6
	-19.5
	-19.2
	2Federal government capital transfers, estate and gift taxes paid by persons (NIPA)
	25.2
	28.8
	28.1
	27.9
	25.6
	22.1
	23.5
	18.7
	21.7
	24.6
	24.2
	3Rest of the world net capital transfers paid by U.S. federal government (NIPA)
	0.0
	4.2
	0.0
	0.0
	0.2
	0.1
	0.4
	0.1
	0.1
	0.0
	0.0
	4State and local governments capital transfers, investment grants paid by U.S. federal government (NIPA)
	28.8
	31.9
	36.2
	40.8
	44.1
	44.7
	36.9
	46.9
	51.2
	43.7
	43.4
	5Nonfarm nonfinancial corporate business net capital transfers, investment grants paid by U.S. federal government (NIPA)
	0.0
	0.0
	0.0
	0.0
	0.0
	0.1
	0.0
	0.0
	0.0
	0.4
	0.0
	6State and local governments capital transfers received by state and local governments (NIPA)
	36.0
	39.9
	43.7
	48.5
	51.7
	51.9
	44.2
	54.2
	58.3
	50.7
	50.1
	7State and local governments capital transfers, estate and gift taxes paid by persons (NIPA)
	7.2
	7.9
	7.5
	7.7
	7.6
	7.2
	7.4
	7.3
	7.1
	7.0
	6.7
	8State and local governments capital transfers, investment grants paid by U.S. federal government (NIPA)
	28.8
	31.9
	36.2
	40.8
	44.1
	44.7
	36.9
	46.9
	51.2
	43.7
	43.4
	9Rest of the world
	0.7
	4.9
	0.8
	1.1
	1.3
	1.2
	1.5
	1.2
	1.2
	1.1
	1.1
	10Rest of the world net capital transfers paid by U.S. federal government (NIPA)
	0.0
	4.2
	0.0
	0.0
	0.2
	0.1
	0.4
	0.1
	0.1
	0.0
	0.0
	11Households and nonprofit capital transfers, migrants' transfers received by persons from rest of world (net; NIPA)
	-0.7
	-0.7
	-0.8
	-1.1
	-1.1
	-1.1
	-1.1
	-1.1
	-1.1
	-1.1
	-1.1
	12Nonfinancialcorporatebusiness
	-1.9
	-7.7
	-8.5
	-8.0
	-8.8
	-8.1
	-5.8
	-7.5
	-10.0
	-9.0
	-8.0
	13Stateandlocalgovernments
	7.6
	8.6
	8.8
	8.6
	8.6
	8.6
	8.6
	8.6
	8.6
	8.6
	8.6
	14Federalgovernments
	-5.7
	-1.0
	-0.3
	-0.7
	0.2
	-0.3
	-2.7
	-1.0
	3.4
	-0.7
	0.0
	15Rest of the world capital transfers, acquisition of nonproduced nonfin. assets (net; NIPA)
	-0.0
	0.0
	0.0
	0.1
	0.0
	-0.3
	-0.1
	-0.1
	-2.0
	1.1
	-0.6
	16
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|Consolidated federal, state and local government net capital transfers received by government (NIPA)s                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Federal government capital transfers received by federal government (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Federal government capital transfers, estate and gift taxes paid by persons (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Rest of the world net capital transfers paid by U.S. federal government (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|State and local governments capital transfers, investment grants paid by U.S. federal government (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Nonfarm nonfinancial corporate business net capital transfers, investment grants paid by U.S. federal government (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|State and local governments capital transfers received by state and local governments (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|State and local governments capital transfers, estate and gift taxes paid by persons (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|State and local governments capital transfers, investment grants paid by U.S. federal government (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Rest of the world                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Rest of the world net capital transfers paid by U.S. federal government (NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|Households and nonprofit capital transfers, migrants' transfers received by persons from rest of world (net; NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Nonfinancialcorporatebusiness                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Stateandlocalgovernments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Federalgovernments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Rest of the world capital transfers, acquisition of nonproduced nonfin. assets (net; NIPA)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|FOOTNOTES    

1.  This table is based on NIPA table 5.10 in the Survey of Current Business, Department of Commerce. Return to text
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