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 9, 2016
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F.107 State and Local Governments 1

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description
2010
2011
2012
2013
2014
2015
2015
Q1
2015
Q2
2015
Q3
2015
Q4
2016
Q1

Line
State and local governments; current receipts, NIPA basis 1998.5 2030.5 2057.2 2136.5 2225.0 2324.7 2282.0 2295.8 2320.3 2400.8 2342.5 1
State and local governments; personal current taxes 297.6 324.1 346.7 372.2 383.3 409.5 399.1 411.4 410.2 417.2 419.0 2
State and local governments; taxes on production and imports, receivable (IMA) 960.4 994.0 1016.9 1052.2 1075.9 1093.3 1086.3 1088.9 1098.1 1100.2 1104.1 3
State and local governments; taxes on corporate income (accrual basis) 47.7 50.2 52.5 55.5 58.3 59.4 61.1 61.2 58.8 56.4 58.5 4
State and local governments; contributions for government social insurance received 18.1 18.2 18.0 18.6 18.9 18.8 18.8 18.8 18.8 18.9 19.0 5
State and local governments; property income (received) 82.6 79.2 75.4 74.3 75.7 78.0 77.1 77.7 78.4 78.8 79.7 6
State and local governments; other current transfer received 612.0 582.1 558.0 571.2 621.5 673.8 648.2 646.0 664.1 737.0 669.6 7
State and local governments; operating surplus, net -19.8 -17.4 -10.4 -7.5 -8.6 -8.1 -8.5 -8.1 -8.0 -7.7 -7.4 8
State and local governments; current expenditures 2235.8 2246.4 2277.9 2323.6 2392.7 2460.1 2432.4 2450.3 2475.0 2482.9 2488.5 9
State and local governments; consumption expenditures 1518.3 1524.8 1536.3 1560.7 1601.0 1611.4 1599.5 1608.4 1618.9 1618.6 1618.6 10
State and local governments; social contributions paid 523.8 530.4 540.0 562.3 609.9 659.9 647.7 653.7 665.8 672.3 676.9 11
State and local governments; other current transfer payments to the rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12
State and local governments; interest paid (IMA) 192.1 190.7 201.2 200.1 181.4 188.4 184.7 187.7 189.7 191.5 192.6 13
State and local governments; subsidies paid 1.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 14
State and local governments; net saving including net capital transfers paid -237.3 -215.9 -220.8 -187.1 -167.7 -135.4 -150.4 -154.5 -154.6 -82.1 -146.0 15
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) 212.7 222.2 231.9 238.5 246.1 249.5 248.8 249.0 249.9 250.2 249.7 16
State and local governments; net capital transfers paid -76.7 -73.8 -74.2 -71.4 -71.0 -70.7 -69.0 -68.7 -72.4 -73.0 -72.6 17
State and local governments; gross saving less net capital transfers paid 52.2 80.1 85.3 122.8 149.4 184.8 167.3 163.2 167.6 241.1 176.4 18
State and local governments; gross investment 85.2 18.7 58.8 75.8 165.9 150.4 201.0 88.0 232.3 80.4 278.6 19
State and local governments; gross fixed investment 351.9 340.5 329.7 322.9 331.3 347.4 331.8 350.0 357.8 350.0 359.0 20
State and local governments; acquisition of nonproduced nonfinancial assets (net) 10.6 9.2 9.1 9.6 9.9 9.8 9.8 9.8 9.7 9.8 9.8 21
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) -277.2 -331.0 -280.1 -256.7 -175.3 -206.8 -140.6 -271.8 -135.2 -279.5 -90.2 22
State and local governments, excluding employee retirement funds; total financial assets 80.0 -29.0 64.9 -13.2 86.9 168.4 204.4 68.7 278.4 122.0 273.2 23
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset 5.7 16.8 -8.8 7.1 15.8 -9.2 -24.3 17.6 -0.5 -29.5 22.1 24
State and local governments, excluding employee retirement funds; total time and savings deposits; asset -6.0 15.8 21.7 18.2 7.4 10.1 30.6 -0.1 -5.7 15.5 5.0 25
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 14.6 2.1 4.3 1.3 6.8 18.3 16.4 14.3 22.3 20.2 21.4 26
State and local governments, excluding employee retirement funds; security repurchase agreements; asset -0.8 -4.7 3.8 1.5 5.9 15.1 13.6 11.9 18.4 16.6 17.1 27
State and local governments, excluding employee retirement funds; debt securities; asset 57.1 -62.3 17.0 -57.8 19.7 74.4 104.8 -19.9 164.1 48.7 141.0 28
State and local governments, excluding employee retirement funds; commercial paper; asset 13.4 -12.1 -7.8 -9.4 -7.1 -0.7 -3.6 -4.9 13.5 -7.9 -4.7 29
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset 8.9 -34.4 42.8 -17.8 36.5 64.1 83.2 -30.5 107.8 95.7 118.1 30
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset 25.1 -13.9 -20.4 -29.6 -14.7 -6.3 9.6 2.4 21.0 -58.3 4.3 31
State and local governments, excluding employee retirement funds; municipal securities; asset 1.4 0.2 0.2 -0.1 0.4 1.3 1.2 1.0 1.6 1.4 1.7 32
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset 8.2 -2.2 2.1 -1.0 4.6 16.1 14.4 12.1 20.1 17.8 21.6 33
State and local governments, excluding employee retirement funds; total mortgages; asset 14.1 -0.1 4.6 -0.1 6.4 20.6 19.1 15.6 25.3 22.6 27.1 34
State and local governments, excluding employee retirement funds; corporate equities; asset 0.2 -3.4 1.1 -0.5 2.5 8.6 7.7 6.5 10.7 9.5 11.5 35
State and local governments, excluding employee retirement funds; mutual fund shares; asset 3.0 -0.2 0.6 -0.3 1.3 4.4 4.0 3.3 5.5 4.9 5.9 36
State and local governments, excluding employee retirement funds; trade receivables; asset 13.1 5.6 5.3 9.5 10.0 1.7 0.4 10.0 -3.7 0.0 -2.1 37
State and local governments, excluding employee retirement funds; taxes receivable; asset 1.0 2.4 9.5 4.1 3.7 8.6 18.0 -3.3 11.4 8.2 9.2 38
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets -22.0 -1.1 5.7 3.9 7.6 15.8 14.2 12.9 30.7 5.3 15.0 39
State and local governments, excluding employee retirement funds; total liabilities 357.1 302.0 345.0 243.5 262.2 375.2 345.0 340.5 413.6 401.5 363.4 40
State and local governments, excluding employee retirement funds; municipal securities; liability 68.7 -53.6 -5.7 -39.4 -14.0 55.7 126.5 29.1 51.8 15.5 65.4 41
State and local governments, excluding employee retirement funds; short-term municipal securities; liability -0.7 -10.6 3.8 -10.9 -6.7 -5.8 0.6 12.6 -33.3 -3.2 0.8 42
State and local governments, excluding employee retirement funds; long-term municipal securities; liability 69.3 -42.9 -9.4 -28.6 -7.4 61.6 125.9 16.5 85.2 18.7 64.6 43
State and local governments, excluding employee retirement funds; U.S. government loans; liability 0.9 0.9 0.4 0.5 0.4 0.3 0.4 0.1 -0.3 0.8 0.8 44
State and local governments, excluding employee retirement funds; trade payables; liability 38.5 38.4 38.1 38.0 38.8 39.0 38.1 39.1 39.5 39.1 39.3 45
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset 249.1 316.3 312.2 244.4 237.1 280.2 180.0 272.2 322.5 346.1 257.9 46
State and local governments, excluding employee retirement funds; sector discrepancy -33.1 61.4 26.5 47.0 -16.5 34.4 -33.7 75.3 -64.6 160.7 -102.3 47

NOTES

  1. Data for state and local government employee retirement funds are shown on table F.120.
  2. Table F.5, line 62.
  3. Debt with original maturity of 13 months or less.
  4. Included in miscellaneous liabilities.
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