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 | 2014 | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2236.7 | 2350.7 | 2416.3 | 2379.3 | 2388.9 | 2438.6 | 2458.2 | 2465.2 | 2448.1 | 1 |
| State and local governments; personal current taxes | FA206210001 | 382.6 | 409.4 | 419.6 | 414.6 | 412.8 | 425.9 | 425.2 | 444.8 | 423.5 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1086.2 | 1115.6 | 1151.0 | 1137.4 | 1141.0 | 1159.8 | 1165.6 | 1180.4 | 1189.7 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 57.8 | 59.2 | 58.1 | 58.9 | 58.3 | 58.9 | 56.5 | 46.1 | 58.1 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 19.6 | 19.8 | 20.3 | 20.1 | 20.2 | 20.3 | 20.4 | 20.4 | 20.4 | 5 |
| State and local governments; property income (received) | FA206150105 | 75.3 | 76.3 | 78.2 | 77.7 | 78.0 | 78.5 | 78.8 | 78.7 | 79.2 | 6 |
| State and local governments; other current transfer received | FA206403105 | 625.0 | 680.0 | 695.6 | 677.6 | 685.0 | 701.5 | 718.4 | 702.6 | 684.0 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -9.9 | -9.6 | -6.6 | -6.9 | -6.4 | -6.3 | -6.7 | -7.7 | -6.9 | 8 |
| State and local governments; current expenditures | FA206900005 | 2405.6 | 2497.0 | 2583.7 | 2539.9 | 2573.8 | 2600.9 | 2620.1 | 2645.1 | 2652.9 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1608.2 | 1650.8 | 1693.6 | 1668.3 | 1689.4 | 1704.4 | 1712.2 | 1733.4 | 1744.7 | 10 |
| State and local governments; social contributions paid | FA206404001 | 616.9 | 664.0 | 692.6 | 678.2 | 687.1 | 697.1 | 708.1 | 712.2 | 709.8 | 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 | 180.0 | 181.7 | 197.0 | 192.9 | 196.8 | 198.9 | 199.3 | 199.0 | 197.9 | 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 | -168.9 | -146.4 | -167.4 | -160.6 | -184.9 | -162.2 | -161.9 | -179.8 | -204.8 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA206300003 | 245.9 | 250.6 | 254.9 | 252.0 | 254.7 | 255.6 | 257.2 | 260.8 | 263.1 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -70.7 | -69.0 | -72.4 | -72.4 | -72.2 | -73.9 | -71.1 | -72.2 | -73.9 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 147.7 | 173.2 | 159.9 | 163.8 | 142.0 | 167.3 | 166.3 | 153.1 | 132.1 | 18 |
| State and local governments; gross investment | FA205090005 | 188.4 | 192.5 | 212.4 | 157.1 | 239.2 | 275.8 | 177.4 | 122.6 | 172.7 | 19 |
| State and local governments; gross fixed investment | FA205019001 | 330.7 | 344.1 | 342.7 | 352.1 | 343.9 | 335.6 | 339.2 | 342.5 | 330.4 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 9.5 | 10.2 | 10.5 | 10.4 | 10.5 | 10.5 | 10.6 | 10.7 | 10.8 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -151.7 | -161.9 | -140.8 | -205.5 | -115.2 | -70.3 | -172.4 | -230.6 | -168.5 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | 37.5 | 38.4 | 150.8 | 55.3 | 186.1 | 244.8 | 116.8 | -10.1 | 84.7 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | 14.3 | -12.3 | -5.4 | 19.2 | -7.9 | -3.6 | -29.4 | 8.9 | -13.7 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 12.8 | 14.5 | 6.6 | 2.6 | 21.0 | -28.1 | 31.0 | -32.5 | 11.9 | 25 |
| State and local governments, excluding employee retirement funds; money market mutual fund shares; asset | FA213034003 | 1.9 | 7.2 | 9.7 | 4.1 | 8.2 | 16.6 | 10.0 | 2.1 | 3.8 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 1.9 | 6.2 | 7.8 | 3.3 | 6.5 | 13.3 | 8.0 | 1.7 | 3.0 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -16.5 | -3.7 | 91.1 | 6.8 | 118.8 | 181.5 | 57.3 | -5.6 | 52.6 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -9.3 | -4.5 | 0.3 | -10.6 | 2.8 | 5.7 | 3.4 | 0.7 | 1.3 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 22.1 | 28.8 | 63.5 | 50.9 | 67.2 | 117.1 | 18.7 | -13.6 | -2.0 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -28.7 | -33.4 | 16.7 | -38.0 | 40.0 | 40.7 | 24.3 | 5.1 | 49.2 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | -0.0 | 0.4 | 0.8 | 0.3 | 0.7 | 1.3 | 0.8 | 0.2 | 0.3 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | -0.5 | 5.0 | 9.8 | 4.1 | 8.2 | 16.8 | 10.0 | 2.1 | 3.8 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | 0.2 | 7.0 | 12.5 | 5.7 | 10.6 | 21.1 | 12.7 | 3.0 | 5.3 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | -0.2 | 2.7 | 5.2 | 2.2 | 4.4 | 8.9 | 5.3 | 1.1 | 2.0 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | -0.1 | 1.4 | 2.7 | 1.1 | 2.3 | 4.6 | 2.8 | 0.6 | 1.0 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 11.1 | 3.9 | 10.3 | 4.0 | 13.8 | 13.3 | 10.0 | 6.6 | 13.3 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 7.8 | 3.5 | 3.5 | 3.4 | 2.8 | 5.5 | 2.2 | 2.5 | 2.9 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 4.3 | 8.0 | 6.8 | 2.9 | 5.7 | 11.6 | 7.0 | 1.5 | 2.6 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 189.2 | 200.3 | 291.6 | 260.7 | 301.3 | 315.2 | 289.2 | 220.5 | 253.2 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | -35.6 | 9.5 | 29.7 | 21.0 | 66.3 | 23.6 | 7.9 | -105.1 | -31.2 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -6.4 | -5.9 | -2.8 | -1.0 | 7.8 | -11.3 | -6.7 | 0.1 | 9.0 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | -29.2 | 15.5 | 32.5 | 22.0 | 58.5 | 34.9 | 14.6 | -105.2 | -40.2 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.4 | 0.3 | 0.9 | 0.8 | 0.2 | -0.9 | 3.6 | 0.2 | 0.5 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 39.4 | 40.5 | 41.2 | 41.0 | 41.1 | 41.1 | 41.5 | 42.1 | 41.9 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 185.1 | 149.9 | 219.8 | 197.9 | 193.6 | 251.3 | 236.2 | 283.2 | 241.9 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | -40.8 | -19.3 | -52.5 | 6.7 | -97.2 | -108.5 | -11.0 | 30.5 | -40.6 | 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: September 21, 2017