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: June 6, 2013
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S.8.a State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Line
State and local governments; gross value added (IMA) 949.3 1001.8 1043.7 1098.8 1156.4 1223.2 1289.4 1321.6 1337.1 1353.3 1
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) 121.8 127.3 137.1 150.1 162.7 178.7 191.2 198.8 203.3 212.4 2
State and local governments; net value added (IMA) 827.5 874.5 906.7 948.7 993.7 1044.6 1098.2 1122.8 1133.8 1140.9 3
State and local governments; compensation of employees paid (IMA) 821.4 871.2 905.7 948.6 995.0 1053.6 1110.5 1133.9 1146.3 1154.8 4
State and local governments; wages and salaries paid (IMA) 655.7 678.4 702.7 728.1 763.4 805.7 847.4 862.9 862.6 863.1 5
State and local governments; employers' social contributions paid (IMA) 165.7 192.8 203.0 220.5 231.6 248.0 263.1 270.9 283.7 291.6 6
State and local governments; operating surplus, net 6.1 3.3 1.0 0.1 -1.3 -9.1 -12.3 -11.1 -12.5 -13.8 7
State and local governments; net national income/balance of primary incomes, net (IMA) 677.4 709.5 761.2 832.0 896.2 929.9 928.0 909.6 928.2 953.2 8
State and local governments; operating surplus, net 6.1 3.3 1.0 0.1 -1.3 -9.1 -12.3 -11.1 -12.5 -13.8 9
State and local governments; taxes on production and imports, receivable (IMA) 676.0 717.5 769.1 831.4 887.4 932.7 944.6 931.8 959.5 990.4 10
State and local governments; subsidies paid (with negative sign) (IMA) -0.9 -0.1 -0.4 -0.4 -0.4 -7.1 -3.0 -1.4 -1.6 -0.5 11
State and local governments; property income (received) (IMA) 79.6 74.0 77.1 88.3 103.5 114.5 106.8 95.0 88.8 86.4 12
State and local governments; interest received (IMA) 71.5 64.6 66.7 76.4 90.9 100.6 91.9 81.8 75.7 73.0 13
State and local governments; dividends received (IMA) 1.6 1.7 2.0 2.1 2.3 2.4 2.9 2.1 2.2 2.2 14
State and local governments; rents on land and natural resources received (IMA) 6.6 7.6 8.5 9.8 10.3 11.5 12.0 11.1 10.9 11.2 15
State and local governments; net national income/Balance of primary incomes, less uses of property income (interest paid) 83.5 85.1 85.6 87.3 93.0 101.1 108.1 104.8 106.0 109.2 16
State and local governments; net national income/balance of primary incomes, net (IMA) 677.4 709.5 761.2 832.0 896.2 929.9 928.0 909.6 928.2 953.2 17
State and local governments; current taxes on income, wealth, etc. received (IMA) 252.7 260.2 290.3 331.7 361.6 380.9 381.7 333.1 345.1 370.4 18
State and local governments; contributions for government social insurance received 15.9 20.1 24.1 24.8 21.8 18.9 19.0 19.0 18.4 18.3 19
State and local governments; social contributions paid 333.0 353.4 384.3 404.8 402.9 433.7 456.7 495.1 528.3 538.5 20
State and local governments; other current transfer received 382.3 421.3 439.4 454.3 456.7 485.1 505.0 593.6 643.2 612.7 21
State and local governments; disposable income, net (IMA) 995.3 1057.7 1130.7 1238.0 1333.4 1381.1 1377.0 1360.1 1406.6 1416.0 22
State and local governments; consumption expenditures 1049.4 1096.5 1139.1 1212.0 1282.3 1368.9 1449.2 1473.3 1496.2 1518.0 23
State and local governments; net saving including net capital transfers paid (IMA) -54.1 -38.8 -8.4 25.9 51.0 12.2 -72.2 -113.2 -89.7 -102.0 24
State and local governments; net saving less net capital transfers paid (IMA) -1.7 12.6 39.2 75.7 108.4 71.2 -9.4 -46.7 -14.1 -29.5 25
State and local governments; net saving including net capital transfers paid (IMA) -54.1 -38.8 -8.4 25.9 51.0 12.2 -72.2 -113.2 -89.7 -102.0 26
State and local governments; net capital transfers paid -52.4 -51.5 -47.5 -49.8 -57.4 -58.9 -62.8 -66.5 -75.6 -72.5 27
State and local governments; capital formation, net (IMA) 142.7 143.7 143.4 141.7 152.8 164.2 171.7 164.2 146.5 118.8 28
State and local governments; gross fixed investment 253.3 259.6 269.1 281.6 304.4 329.0 348.8 350.3 338.2 319.7 29
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) 121.8 127.3 137.1 150.1 162.7 178.7 191.2 198.8 203.3 212.4 30
State and local governments; acquisition of nonproduced nonfinancial assets (net) 11.2 11.4 11.4 10.3 11.1 13.8 14.1 12.7 11.5 11.5 31
State and local governments; net lending (+) or borrowing (-) (capital account) (IMA) -144.4 -131.1 -104.2 -66.0 -44.3 -93.1 -181.1 -210.9 -160.5 -148.2 32
State and local governments; net lending (+) or borrowing (-) (capital account) (IMA) -144.4 -131.1 -104.2 -66.0 -44.3 -93.1 -181.1 -210.9 -160.5 -148.2 33
State and local governments, excluding employee retirement funds; total financial assets 76.6 44.8 132.7 123.4 108.4 111.9 -104.6 -35.4 -16.5 -140.8 34
State and local governments, excluding employee retirement funds; total currency and deposits; asset 14.0 27.3 4.2 19.0 22.3 33.0 27.3 28.4 -1.3 32.0 35
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset 5.2 7.0 -3.5 15.8 5.4 -0.2 8.5 19.2 5.6 16.7 36
State and local governments, excluding employee retirement funds; total time and savings deposits; asset 8.8 20.3 7.7 3.2 16.9 33.3 18.8 9.3 -6.9 15.3 37
State and local governments, excluding employee retirement funds; debt securities; asset 91.5 35.8 110.8 111.8 72.0 80.2 -190.9 -79.3 39.5 -83.7 38
State and local governments, excluding employee retirement funds; commercial paper; asset 14.3 2.9 8.0 -4.2 -2.8 -15.8 -81.9 -73.2 60.2 23.9 39
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset 26.2 10.2 46.7 94.3 45.8 36.4 -61.5 21.0 -7.9 -53.4 40
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities;; asset 41.7 16.7 41.6 15.6 21.0 43.9 -36.1 -31.1 -15.3 -47.0 41
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 0.1 0.5 1.2 0.9 1.1 1.6 -0.1 0.9 0.8 -0.2 42
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset 9.1 5.4 13.4 5.1 6.9 14.2 -11.4 3.0 1.7 -6.9 43
State and local governments, excluding employee retirement funds; total loans including security repurchase agreements; asset -21.7 9.9 25.1 6.0 9.5 23.6 -29.0 0.6 -9.2 -15.1 44
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset -16.3 3.2 8.3 -0.9 0.4 6.4 -15.7 -3.8 -5.1 -8.3 45
State and local governments, excluding employee retirement funds; total mortgages; asset -5.3 6.8 16.8 7.0 9.1 17.3 -13.3 4.5 -4.1 -6.8 46
State and local governments, excluding employee retirement funds; equity and investment fund shares; asset (IMA) 14.0 -19.0 8.6 5.8 -0.4 16.6 19.9 11.4 -12.5 -11.9 47
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 1.6 5.9 14.0 9.5 11.1 17.3 -3.3 8.9 7.9 -3.3 48
State and local governments, excluding employee retirement funds; corporate equities; asset 10.3 -19.6 -5.4 -4.2 -10.0 -1.9 7.6 10.4 -15.5 -6.6 49
State and local governments, excluding employee retirement funds; mutual fund shares; asset 2.1 -5.2 0.0 0.5 -1.6 1.2 15.6 -7.9 -4.9 -2.0 50
State and local governments, excluding employee retirement funds; other accounts receivable; asset (IMA) -21.2 -9.2 -16.0 -19.3 5.0 -41.6 68.2 3.4 -32.9 -62.0 51
State and local governments, excluding employee retirement funds; trade receivables; asset 2.6 -2.5 -4.7 -14.4 -14.4 -12.5 -22.3 -18.6 -19.3 -9.7 52
State and local governments, excluding employee retirement funds; taxes receivable; asset 2.5 0.9 11.3 15.4 11.4 2.7 2.2 -6.7 -2.2 6.9 53
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets -26.2 -7.6 -22.6 -20.3 8.0 -31.9 88.3 28.7 -11.4 -59.2 54
State and local governments, excluding employee retirement funds; total liabilities 172.8 149.5 209.0 173.8 135.4 183.7 57.1 152.7 109.6 -12.5 55
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 143.9 120.5 178.5 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 56
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability 25.2 10.4 22.2 -1.7 -8.2 16.8 4.6 7.8 -0.7 -10.6 57
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability 118.7 110.1 156.3 142.8 108.5 129.2 12.5 104.4 69.3 -42.9 58
State and local governments, excluding employee retirement funds; U.S. government loans; liability 0.6 0.1 0.3 0.6 0.6 0.7 0.8 0.8 0.9 0.9 59
State and local governments, excluding employee retirement funds; trade payables; liability 28.3 29.0 30.2 32.1 34.4 37.0 39.2 39.6 40.0 40.2 60
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) -96.2 -104.7 -76.3 -50.4 -27.0 -71.8 -161.7 -188.1 -126.0 -128.3 61
State and local governments, excluding employee retirement funds; total other volume changes (IMA) 37.5 11.4 -641.8 -1.8 -13.1 108.0 9.6 19.2 8.4 8.6 62
State and local governments, excluding employee retirement funds; disaster losses 0.0 0.0 0.0 10.7 0.0 0.0 0.0 0.0 0.0 0.0 63
State and local governments, excluding employee retirement funds; other volume changes (IMA) -10.7 -14.9 -669.8 -28.1 -30.4 86.8 -9.8 -3.7 -26.1 -11.3 64
State and local governments, excluding employee retirement funds; statistical discrepancy (IMA) -48.2 -26.3 -28.0 -15.5 -17.3 -21.2 -19.4 -22.8 -34.5 -20.0 65
State and local governments, excluding employee retirement funds; revaluation of nonfinancial assets adjusted to exclude disaster-related losses (IMA) 112.5 92.6 498.1 444.6 575.3 488.0 460.0 -134.1 188.9 414.5 66
State and local governments, excluding employee retirement funds; total residenital and nonresidential structures excluding disaster-related losses on structures 113.8 93.4 494.6 442.0 573.3 485.9 450.8 -134.2 188.6 408.5 67
State and local governments, excluding employee retirement funds; nonresidential equipment and software, current cost basis -1.3 -0.8 3.5 2.6 2.0 2.1 9.1 0.1 0.2 6.0 68
State and local governments, excluding employee retirement funds; equity and investment fund shares; asset (IMA) -25.0 28.8 15.4 5.5 14.8 11.1 -59.5 19.4 18.7 1.4 69
State and local governments, excluding employee retirement funds; changes in net worth due to nominal holding gains/losses, excluding-disaster related losses on structures (IMA) 87.5 121.3 513.5 450.1 590.1 499.1 400.5 -114.7 207.5 415.9 70
State and local governments, excluding employee retirement funds; net worth (IMA) 123.3 145.4 -89.1 524.1 685.5 678.2 400.7 -142.3 201.9 395.1 71
State and local governments, excluding employee retirement funds; total assets (does not include land) 6555.6 6850.5 7671.3 8369.2 9190.0 10051.9 10509.7 10520.1 10831.6 11214.2 72
State and local governments, excluding employee retirement funds; nonfinancial assets (does not include land) 4755.7 4981.3 5606.0 6174.9 6894.6 7535.2 8152.9 8170.3 8494.1 9016.0 73
State and local governments, excluding employee retirement funds; total residenital and nonresidential structures 4545.4 4765.2 5387.4 5945.3 6653.3 7278.7 7874.9 7883.2 8199.6 8708.8 74
State and local governments, excluding employee retirement funds; nonresidential equipment and software, current cost basis 210.3 216.1 218.6 229.6 241.3 256.5 278.0 287.0 294.5 307.1 75
State and local governments, excluding employee retirement funds; total financial assets 1799.9 1869.3 2065.3 2194.3 2295.4 2516.7 2356.8 2349.8 2337.5 2198.2 76
State and local governments, excluding employee retirement funds; total currency and deposits; asset 185.5 212.8 217.0 236.1 258.4 291.4 318.8 347.2 345.9 377.9 77
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset 46.8 53.8 50.4 66.2 71.6 71.4 79.9 99.1 104.6 121.4 78
State and local governments, excluding employee retirement funds; total time and savings deposits; asset 138.7 159.0 166.7 169.9 186.8 220.0 238.9 248.1 241.3 256.5 79
State and local governments, excluding employee retirement funds; debt securities; asset 943.0 978.7 1089.5 1201.4 1273.4 1353.6 1162.7 1083.4 1122.9 1039.2 80
State and local governments, excluding employee retirement funds; commercial paper; asset 151.3 154.2 162.1 157.9 155.1 139.3 57.4 -15.8 44.4 68.3 81
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset 354.7 364.9 411.6 505.9 551.7 588.1 526.7 547.7 539.8 486.3 82
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities;; asset 328.8 345.5 387.1 402.7 423.7 467.6 431.4 400.3 385.0 338.1 83
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 4.1 4.6 5.9 6.8 7.9 9.5 9.4 10.3 11.1 10.9 84
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset 104.2 109.6 122.9 128.1 135.0 149.1 137.8 140.8 142.5 135.6 85
State and local governments, excluding employee retirement funds; total loans including security repurchase agreements; asset 239.9 249.9 274.9 281.0 290.4 314.1 285.1 285.7 276.5 261.3 86
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset 115.6 118.7 127.0 126.1 126.5 132.8 117.2 113.3 108.3 100.0 87
State and local governments, excluding employee retirement funds; total mortgages; asset 124.4 131.1 147.9 154.9 164.0 181.2 167.9 172.4 168.2 161.4 88
State and local governments, excluding employee retirement funds; equity and investment fund shares; asset (IMA) 162.2 172.0 196.0 207.4 221.7 249.4 209.8 240.6 246.7 236.2 89
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 58.7 64.5 78.6 88.1 99.3 116.6 113.3 122.2 130.1 126.8 90
State and local governments, excluding employee retirement funds; corporate equities; asset 79.3 81.6 87.8 87.6 88.4 94.5 60.5 80.9 77.9 72.3 91
State and local governments, excluding employee retirement funds; mutual fund shares; asset 24.3 25.8 29.7 31.6 34.0 38.4 36.1 37.6 38.8 37.2 92
State and local governments, excluding employee retirement funds; other accounts receivable; asset (IMA) 269.3 255.9 287.7 268.5 251.4 308.2 380.5 392.9 345.5 283.5 93
State and local governments, excluding employee retirement funds; trade receivables; asset 118.4 115.9 111.2 96.8 82.4 69.9 47.6 29.0 9.7 0.0 94
State and local governments, excluding employee retirement funds; taxes receivable; asset 74.0 74.9 86.2 101.6 112.9 115.7 117.9 111.1 104.7 110.0 95
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets 76.9 65.0 90.3 70.2 56.1 122.6 215.1 252.7 231.1 173.5 96
State and local governments, excluding employee retirement funds; total liabilities and net worth (IMA) 6555.6 6850.5 7671.3 8369.2 9190.0 10051.9 10509.7 10520.1 10831.6 11214.2 97
State and local governments, excluding employee retirement funds; total liabilities 1838.6 1988.1 2898.0 3071.9 3207.2 3390.9 3448.1 3600.7 3710.3 3697.8 98
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 1438.3 1558.8 2438.2 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 99
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability 95.7 106.1 44.2 42.5 34.3 51.2 55.8 63.6 63.0 52.3 100
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability 1342.6 1452.7 2393.9 2536.7 2645.2 2774.4 2786.9 2891.3 2960.6 2917.6 101
State and local governments, excluding employee retirement funds; U.S. government loans; liability 9.6 9.7 10.0 10.6 11.2 11.9 12.7 13.5 14.4 15.3 102
State and local governments, excluding employee retirement funds; trade payables; liability 390.7 419.7 449.9 482.0 516.4 553.5 592.7 632.3 672.3 712.5 103
State and local governments, excluding employee retirement funds; net worth (IMA) 4717.0 4862.4 4773.2 5297.3 5982.8 6661.0 7061.7 6919.4 7121.3 7516.4 104

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