Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: March 7, 2013
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F.104 State and Local Governments 1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
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State and local governments; current receipts, NIPA basis 1944.8 1961.4 2042.4 2064.4 2067.5 2045.2 2040.5 2050.4 2066.7 2069.2 2083.8 1
State and local governments; personal current taxes 334.4 287.6 300.6 322.8 334.7 321.7 321.4 325.9 334.2 335.0 343.8 2
State and local governments; taxes on production and imports, receivable (IMA) 944.6 931.8 959.5 990.4 1014.3 990.1 998.8 1015.2 1015.7 1012.3 1014.2 3
State and local governments; taxes on corporate income (accrual basis) 47.4 45.5 44.5 47.6 47.0 47.1 49.3 50.1 46.2 48.4 43.2 4
State and local governments; contributions for government social insurance received 19.0 19.0 18.4 18.3 17.5 18.3 18.1 17.8 17.5 17.3 17.2 5
State and local governments; property income (received) 106.8 95.0 88.8 86.4 85.3 86.6 86.0 85.7 85.8 85.0 84.8 6
State and local governments; other current transfer received 505.0 593.6 643.2 612.7 584.9 595.4 581.6 571.1 583.4 587.8 597.5 7
State and local governments; operating surplus, net -12.3 -11.1 -12.5 -13.8 -16.3 -14.1 -14.7 -15.4 -16.1 -16.7 -17.0 8
State and local governments; current expenditures 2017.0 2074.6 2132.1 2166.3 2198.8 2163.2 2157.0 2178.1 2190.3 2209.2 2217.6 9
State and local governments; consumption expenditures 1449.2 1473.3 1496.2 1518.0 1530.9 1522.0 1518.4 1531.4 1525.5 1532.4 1534.4 10
State and local governments; social contributions paid 456.7 495.1 528.3 538.5 554.6 531.4 527.9 534.4 551.6 563.7 568.8 11
State and local governments; interest paid (IMA) 108.1 104.8 106.0 109.2 112.8 109.3 110.3 111.9 112.8 112.6 113.9 12
State and local governments; subsidies paid 3.0 1.4 1.6 0.5 0.5 0.4 0.4 0.5 0.5 0.5 0.5 13
State and local governments; 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 14
State and local governments; net saving including net capital transfers paid -72.2 -113.2 -89.7 -102.0 -131.3 -118.0 -116.5 -127.6 -123.7 -140.0 -133.8 15
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) 191.2 198.8 203.3 212.4 222.4 213.9 216.8 219.2 221.7 223.6 225.0 16
State and local governments; net capital transfers paid -62.8 -66.5 -75.6 -72.5 -70.6 -72.9 -74.1 -68.5 -70.4 -71.6 -71.9 17
State and local governments; gross saving less net capital transfers paid 181.8 152.0 189.2 182.9 161.8 168.8 174.4 160.1 168.5 155.3 163.2 18
State and local governments; gross investment 201.2 174.0 220.4 203.0 179.8 188.7 194.3 180.1 188.4 171.2 179.5 19
State and local governments; gross fixed investment 348.8 350.3 338.2 319.7 317.7 318.3 321.3 315.5 317.5 319.5 318.1 20
State and local governments; acquisition of nonproduced nonfinancial assets (net) 14.1 12.7 11.5 11.5 10.9 11.5 11.4 11.2 11.0 10.8 10.6 21
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) -161.7 -189.0 -129.4 -128.2 -148.8 -141.0 -138.3 -146.7 -140.1 -159.1 -149.3 22
State and local governments, excluding employee retirement funds; total financial assets -104.6 -36.3 -19.8 -140.7 -113.8 -105.3 -135.3 -107.3 -6.8 -121.4 -219.8 23
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset 8.5 19.2 5.6 16.7 -8.7 11.9 16.7 -8.8 -8.0 -6.6 -11.6 24
State and local governments, excluding employee retirement funds; total time and savings deposits; asset 18.8 9.3 -6.9 15.3 21.9 16.6 34.2 3.0 34.9 42.7 6.9 25
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset -3.3 8.7 7.7 -3.3 -7.2 -9.3 -4.4 -3.9 -4.5 -6.3 -13.9 26
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset -15.7 -4.0 -5.2 -8.3 -5.6 -7.4 -3.5 -3.1 -3.6 -5.0 -11.0 27
State and local governments, excluding employee retirement funds; credit market instruments; asset -204.3 -76.7 33.5 -90.5 -41.6 -140.3 -79.4 -67.2 -4.2 -4.3 -90.5 28
State and local governments, excluding employee retirement funds; commercial paper; asset -81.9 -73.4 60.1 23.9 -6.1 -8.0 16.2 -3.4 -3.9 -5.4 -11.9 29
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset -61.5 20.5 -8.5 -53.5 -8.4 -58.3 -29.9 -10.9 25.8 -6.5 -41.9 30
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities;; asset -36.1 -31.7 -16.0 -47.0 -11.4 -51.1 -54.8 -43.2 -15.0 19.0 -6.4 31
State and local governments, excluding employee retirement funds; municipal securities and loans; asset -0.1 0.9 0.8 -0.2 -0.6 -0.8 -0.4 -0.3 -0.4 -0.5 -1.2 32
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset -11.4 2.8 1.5 -6.9 -7.7 -10.0 -4.7 -4.2 -4.8 -6.7 -14.9 33
State and local governments, excluding employee retirement funds; total mortgages; asset -13.3 4.2 -4.4 -6.8 -7.4 -12.2 -5.8 -5.2 -5.9 -4.3 -14.3 34
State and local governments, excluding employee retirement funds; corporate equities; asset 7.6 10.4 -15.6 -6.6 -14.1 41.2 -35.9 -37.8 7.7 -19.5 -6.8 35
State and local governments, excluding employee retirement funds; mutual fund shares; asset 15.6 -8.0 -5.0 -2.0 -7.3 21.2 -18.5 -19.5 4.0 -10.1 -3.5 36
State and local governments, excluding employee retirement funds; trade receivables; asset -22.3 -18.6 -19.3 -9.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37
State and local governments, excluding employee retirement funds; taxes receivable; asset 2.2 -6.7 -2.2 6.9 8.9 7.5 7.0 12.4 5.4 10.2 7.8 38
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets 88.3 30.1 -12.3 -59.2 -60.2 -46.6 -51.4 17.8 -38.6 -122.6 -97.2 39
State and local governments, excluding employee retirement funds; total liabilities 57.1 152.7 109.6 -12.5 35.0 35.7 3.0 39.4 133.3 37.7 -70.6 40
State and local governments, excluding employee retirement funds; credit market instruments; liability 17.9 113.0 69.5 -52.7 -5.5 -4.5 -37.4 -1.0 93.0 -2.8 -111.1 41
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 17.1 112.2 68.7 -53.6 -5.7 -5.6 -38.6 -1.6 92.0 -2.4 -110.7 42
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability 4.6 7.8 -0.7 -10.6 3.8 13.9 -18.8 -3.4 36.3 15.2 -32.9 43
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability 12.5 104.4 69.3 -42.9 -9.4 -19.5 -19.8 1.9 55.7 -17.6 -77.8 44
State and local governments, excluding employee retirement funds; U.S. government loans; liability 0.8 0.8 0.9 0.9 0.2 1.1 1.2 0.5 1.1 -0.4 -0.4 45
State and local governments, excluding employee retirement funds; trade payables; liability 39.2 39.6 40.0 40.2 40.4 40.3 40.4 40.4 40.3 40.5 40.5 46
State and local governments, excluding employee retirement funds; sector discrepancy -19.4 -21.9 -31.2 -20.0 -18.0 -19.9 -19.9 -19.9 -19.9 -15.9 -16.3 47


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