Financial Accounts of the United States - Z.1
F.107 State and Local Governments (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2013 | 2014 | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2136.8 | 2227.7 | 2331.5 | 2372.9 | 2354.1 | 2342.9 | 2385.7 | 2408.9 | 2410.6 | 1 |
| State and local governments; personal current taxes | FA206210001 | 375.9 | 384.6 | 406.1 | 412.5 | 412.0 | 407.8 | 415.5 | 414.6 | 428.7 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1050.1 | 1075.7 | 1098.3 | 1118.2 | 1111.7 | 1109.9 | 1123.3 | 1128.0 | 1136.6 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 55.5 | 58.6 | 60.3 | 60.0 | 62.4 | 59.7 | 59.2 | 58.9 | 51.3 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 18.5 | 19.1 | 19.0 | 19.3 | 19.1 | 19.2 | 19.4 | 19.5 | 19.7 | 5 |
| State and local governments; property income (received) | FA206150105 | 75.4 | 77.2 | 79.6 | 82.4 | 81.6 | 81.9 | 82.6 | 83.3 | 84.0 | 6 |
| State and local governments; other current transfer received | FA206403105 | 571.3 | 624.5 | 679.6 | 691.9 | 678.1 | 675.6 | 697.3 | 716.7 | 703.3 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -9.8 | -11.9 | -11.4 | -11.4 | -10.9 | -11.2 | -11.6 | -12.1 | -13.0 | 8 |
| State and local governments; current expenditures | FA206900005 | 2327.3 | 2397.6 | 2492.8 | 2565.1 | 2527.7 | 2548.2 | 2580.8 | 2603.7 | 2627.7 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1562.7 | 1601.6 | 1641.2 | 1677.1 | 1654.0 | 1669.2 | 1687.4 | 1697.9 | 1717.6 | 10 |
| State and local governments; social contributions paid | FA206404001 | 563.4 | 612.9 | 666.0 | 695.2 | 683.0 | 686.7 | 699.9 | 711.0 | 714.6 | 11 |
| State and local governments; other current transfer payments to the rest of the world | FA206403001 | 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) | FA206130001 | 200.7 | 182.6 | 185.2 | 192.3 | 190.1 | 191.8 | 192.9 | 194.3 | 195.0 | 13 |
| State and local governments; subsidies paid | FA206402001 | 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 | FA206006005 | -190.5 | -169.8 | -161.3 | -192.2 | -173.6 | -205.3 | -195.0 | -194.8 | -217.1 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA206300003 | 238.5 | 246.1 | 251.0 | 255.4 | 252.6 | 255.3 | 256.0 | 257.8 | 260.3 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -71.6 | -70.9 | -69.3 | -73.7 | -73.4 | -73.7 | -75.3 | -72.4 | -73.3 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 119.6 | 147.2 | 159.0 | 136.9 | 152.4 | 123.6 | 136.3 | 135.4 | 116.5 | 18 |
| State and local governments; gross investment | FA205090005 | 82.7 | 159.3 | 150.6 | 180.0 | 164.4 | 202.8 | 228.7 | 124.3 | 138.1 | 19 |
| State and local governments; gross fixed investment | FA205019001 | 323.9 | 331.6 | 352.2 | 355.1 | 366.5 | 353.9 | 346.7 | 353.2 | 350.1 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 9.0 | 8.9 | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -250.2 | -181.2 | -210.8 | -184.2 | -211.4 | -160.3 | -127.2 | -238.1 | -221.2 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | -22.3 | 83.3 | 94.8 | 127.6 | 69.7 | 151.4 | 196.8 | 92.6 | -35.8 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | 7.1 | 16.0 | -8.8 | 5.2 | 25.9 | 0.7 | 11.7 | -17.7 | 21.3 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 18.1 | 8.9 | 13.6 | -0.4 | 5.3 | 14.9 | -36.8 | 14.9 | -41.4 | 25 |
| State and local governments, excluding employee retirement funds; money market mutual fund shares; asset | FA213034003 | 0.5 | 5.9 | 11.9 | 7.3 | 3.3 | 4.9 | 11.3 | 9.7 | -2.0 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 0.8 | 5.1 | 10.0 | 5.8 | 2.6 | 3.9 | 9.1 | 7.8 | -1.6 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -64.3 | 13.0 | 29.1 | 74.1 | 14.5 | 93.1 | 151.7 | 36.9 | -18.8 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -9.9 | -7.5 | -2.9 | -0.5 | -10.9 | 1.7 | 3.8 | 3.3 | -0.7 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | -20.1 | 33.8 | 43.6 | 55.8 | 61.8 | 54.3 | 107.9 | -0.8 | -11.3 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -32.3 | -17.3 | -22.0 | 10.8 | -40.0 | 31.9 | 27.7 | 23.8 | -4.8 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | -0.1 | 0.3 | 0.8 | 0.6 | 0.3 | 0.4 | 0.9 | 0.8 | -0.2 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | -1.9 | 3.7 | 9.7 | 7.3 | 3.3 | 4.9 | 11.4 | 9.8 | -2.0 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | -0.9 | 5.4 | 12.8 | 9.5 | 4.6 | 6.5 | 14.5 | 12.4 | -2.0 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | -1.0 | 2.0 | 5.1 | 3.9 | 1.8 | 2.6 | 6.1 | 5.2 | -1.0 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | -0.5 | 1.0 | 2.6 | 2.0 | 0.9 | 1.3 | 3.1 | 2.7 | -0.5 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 9.4 | 11.1 | 3.8 | 11.8 | 4.5 | 16.0 | 13.5 | 13.1 | 8.1 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 5.1 | 7.8 | 3.4 | 3.4 | 4.0 | 4.1 | 4.8 | 0.8 | 3.7 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 3.3 | 6.9 | 11.3 | 5.1 | 2.3 | 3.4 | 7.9 | 6.8 | -1.4 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 227.9 | 264.5 | 305.6 | 311.8 | 281.1 | 311.7 | 324.0 | 330.6 | 185.4 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | -55.7 | -35.9 | 9.2 | 27.9 | 21.5 | 66.8 | 23.0 | 0.1 | -108.3 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -10.9 | -6.4 | -6.1 | -2.6 | -0.7 | 10.7 | -15.2 | -5.3 | -0.5 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | -44.8 | -29.5 | 15.3 | 30.5 | 22.2 | 56.1 | 38.2 | 5.4 | -107.7 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.5 | 0.4 | 0.3 | 0.9 | 0.8 | 0.2 | -0.9 | 3.6 | 0.2 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 38.2 | 38.9 | 40.1 | 40.8 | 40.7 | 40.6 | 40.6 | 41.2 | 41.5 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 244.9 | 261.1 | 256.0 | 242.3 | 218.1 | 204.0 | 261.2 | 285.7 | 251.9 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | 36.8 | -12.1 | 8.5 | -43.1 | -12.0 | -79.2 | -92.4 | 11.1 | -21.6 | 47 |
NOTES
- Data for state and local government employee retirement funds are shown on table F.120.
- Table F.5, line 62.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: June 8, 2017