FRB: Z.1 Release--F.104--State and Local Governments--September 18, 2014

F.104 State and Local Governments 1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description	2009	2010	2011	2012	2013	2013 Q1	2013 Q2	2013 Q3	2013 Q4	2014 Q1	2014 Q2	Line
State and local governments; current receipts, NIPA basis	1919.2	1998.5	2030.5	2061.2	2125.6	2111.1	2121.2	2134.2	2135.9	2157.0	2192.1	1
State and local governments; personal current taxes	287.8	297.6	324.1	354.7	375.0	383.3	381.7	366.0	368.8	371.5	359.6	2
State and local governments; taxes on production and imports, receivable (IMA)	934.8	960.4	994.0	1017.0	1041.6	1035.6	1032.3	1046.2	1052.2	1052.5	1061.3	3
State and local governments; taxes on corporate income (accrual basis)	45.6	47.7	50.2	53.2	55.3	55.5	54.1	55.4	56.1	55.9	57.9	4
State and local governments; contributions for government social insurance received	18.6	18.1	18.2	17.7	17.7	17.7	17.7	17.7	17.7	17.7	17.7	5
State and local governments; property income (received)	87.8	82.6	79.2	78.6	79.7	79.1	79.5	80.0	80.3	80.5	80.9	6
State and local governments; other current transfer received	566.1	612.0	582.1	556.2	570.8	554.7	570.4	583.2	574.9	593.1	629.1	7
State and local governments; operating surplus, net	-21.4	-19.8	-17.4	-16.2	-14.3	-14.8	-14.4	-14.1	-14.1	-14.1	-14.3	8
State and local governments; current expenditures	2191.2	2235.8	2246.4	2293.8	2350.7	2329.1	2342.3	2364.1	2367.5	2397.9	2419.6	9
State and local governments; consumption expenditures	1508.4	1518.3	1524.8	1546.1	1584.5	1573.3	1579.7	1590.2	1594.9	1607.4	1617.1	10
State and local governments; social contributions paid	492.6	523.8	530.4	540.6	565.4	552.1	561.9	574.5	573.3	592.5	605.9	11
State and local governments; interest paid (IMA)	188.8	192.1	190.7	206.6	200.3	203.2	200.3	198.8	198.8	197.5	196.1	12
State and local governments; subsidies paid	1.4	1.6	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	13
State and local governments; net saving including net capital transfers paid	-271.9	-237.3	-215.9	-232.6	-225.1	-218.0	-221.1	-229.9	-231.6	-240.9	-227.5	14
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis)	208.2	212.7	222.2	231.8	238.4	235.6	237.3	239.3	241.4	243.1	244.7	15
State and local governments; net capital transfers paid	-67.7	-76.7	-73.8	-74.2	-71.6	-72.1	-69.1	-75.2	-70.0	-70.3	-72.2	16
State and local governments; gross saving less net capital transfers paid	4.0	52.2	80.1	73.5	84.9	89.7	85.3	84.6	79.8	72.5	89.4	17
State and local governments; gross investment	-63.2	53.8	34.5	106.0	64.0	92.1	91.2	7.1	65.5	46.2	114.1	18
State and local governments; gross fixed investment	363.0	351.9	340.5	331.6	327.8	320.7	328.5	330.5	331.6	323.6	333.5	19
State and local governments; acquisition of nonproduced nonfinancial assets (net)	12.3	10.6	9.2	8.7	9.0	9.0	9.0	9.0	8.9	8.6	8.4	20
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account)	-438.5	-308.6	-315.2	-234.4	-272.8	-237.6	-246.3	-332.4	-275.0	-286.0	-227.7	21
State and local governments, excluding employee retirement funds; total financial assets	17.3	74.9	-13.0	99.3	18.0	164.9	6.6	-85.7	-14.0	123.6	187.5	22
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset	19.6	5.7	16.6	-9.4	6.7	8.8	-8.1	24.1	1.9	9.9	0.4	23
State and local governments, excluding employee retirement funds; total time and savings deposits; asset	10.0	-5.9	15.6	19.6	12.4	16.1	-7.2	29.1	11.5	47.9	-28.3	24
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset	10.0	14.1	3.7	7.9	4.7	15.0	3.2	-2.0	2.5	11.8	16.5	25
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset	-4.1	-1.1	-3.4	6.7	4.2	12.3	3.0	-1.1	2.5	9.9	13.7	26
State and local governments, excluding employee retirement funds; credit market instruments; asset	-32.4	67.4	-47.6	53.8	-29.6	84.8	-16.2	-144.6	-42.6	26.5	122.7	27
State and local governments, excluding employee retirement funds; commercial paper; asset	-39.0	13.2	-11.1	-5.9	-8.1	-2.6	-9.0	-11.6	-9.4	-5.0	-3.4	28
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset	-16.9	7.8	-31.8	46.2	-14.5	36.7	8.1	-89.3	-13.6	1.0	71.9	29
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset	10.3	23.7	-6.8	-2.3	-13.8	18.6	-18.6	-34.3	-20.8	6.9	19.3	30
State and local governments, excluding employee retirement funds; municipal securities and loans; asset	1.0	1.4	0.4	0.5	0.2	1.1	0.1	-0.4	0.0	0.8	1.2	31
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset	3.5	7.8	-0.5	6.0	2.5	13.3	0.9	-4.5	0.1	9.8	14.6	32
State and local governments, excluding employee retirement funds; total mortgages; asset	8.6	13.5	2.2	9.4	4.2	17.9	2.3	-4.6	1.0	12.9	19.1	33
State and local governments, excluding employee retirement funds; corporate equities; asset	-2.2	-0.0	-2.5	3.2	1.3	7.1	0.5	-2.4	0.1	5.2	7.8	34
State and local governments, excluding employee retirement funds; mutual fund shares; asset	1.7	2.9	0.3	1.6	0.7	3.6	0.2	-1.2	0.0	2.7	4.0	35
State and local governments, excluding employee retirement funds; trade receivables; asset	-4.6	13.1	2.3	5.7	8.4	7.0	12.1	9.6	5.0	1.9	12.8	36
State and local governments, excluding employee retirement funds; taxes receivable; asset	-5.8	1.0	2.0	2.0	3.1	-2.6	13.8	0.8	0.3	-3.2	23.7	37
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets	25.3	-22.2	-0.1	8.1	6.2	12.8	5.2	1.9	4.8	11.0	14.3	38
State and local governments, excluding employee retirement funds; total liabilities	455.9	383.5	302.2	333.7	290.8	402.5	253.0	246.7	261.0	409.6	415.2	39
State and local governments, excluding employee retirement funds; credit market instruments; liability	113.0	69.5	-52.7	-5.3	-38.9	57.3	-4.9	-109.4	-98.5	-38.8	35.7	40
State and local governments, excluding employee retirement funds; municipal securities and loans; liability	112.2	68.7	-53.6	-5.7	-39.4	56.0	-4.8	-109.9	-99.1	-39.0	35.2	41
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability	7.8	-0.7	-10.6	3.8	-10.9	-2.9	-4.6	-17.8	-18.1	-5.0	16.0	42
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability	104.4	69.3	-42.9	-9.4	-28.6	58.9	-0.1	-92.0	-80.9	-34.0	19.2	43
State and local governments, excluding employee retirement funds; U.S. government loans; liability	0.8	0.9	0.9	0.4	0.5	1.3	-0.2	0.5	0.6	0.2	0.5	44
State and local governments, excluding employee retirement funds; trade payables; liability	38.9	38.5	38.4	38.8	39.6	39.1	39.5	39.9	40.0	40.0	40.6	45
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset	303.9	275.5	316.5	300.2	290.0	306.0	218.4	316.3	319.4	408.3	338.9	46
State and local governments, excluding employee retirement funds; sector discrepancy	67.2	-1.7	45.6	-32.5	20.9	-2.4	-6.0	77.5	14.3	26.3	-24.7	47

Statistical releases