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 | 2015 | 2016 | 2017 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2350.7 | 2416.3 | 2491 | 2438.6 | 2458.2 | 2465.2 | 2446.1 | 2502.6 | 2550.2 | 1 |
| State and local governments; personal current taxes | FA206210001 | 409.4 | 419.6 | 445.3 | 425.9 | 425.2 | 444.8 | 421.4 | 444.4 | 470.5 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1115.6 | 1151 | 1196.1 | 1159.8 | 1165.6 | 1180.4 | 1189.7 | 1198.6 | 1215.6 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 59.2 | 58.1 | 55.5 | 58.9 | 56.5 | 46.1 | 58.4 | 55.9 | 61.6 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 19.8 | 20.3 | 20.5 | 20.3 | 20.4 | 20.4 | 20.4 | 20.6 | 20.8 | 5 |
| State and local governments; property income (received) | FA206150105 | 76.3 | 78.2 | 79.4 | 78.5 | 78.8 | 78.7 | 79.1 | 79.6 | 80.3 | 6 |
| State and local governments; other current transfer received | FA206403105 | 680 | 695.6 | 701.1 | 701.5 | 718.4 | 702.6 | 684 | 710.1 | 707.7 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -9.6 | -6.6 | -6.9 | -6.3 | -6.7 | -7.7 | -6.9 | -6.6 | -6.3 | 8 |
| State and local governments; current expenditures | FA206900005 | 2497 | 2583.7 | 2670.3 | 2600.9 | 2620.1 | 2645.1 | 2651.3 | 2677.4 | 2707.3 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1650.8 | 1693.6 | 1754.3 | 1704.4 | 1712.2 | 1733.4 | 1743.7 | 1759.8 | 1780.4 | 10 |
| State and local governments; social contributions paid | FA206404001 | 664 | 692.6 | 717.2 | 697.1 | 708.1 | 712.2 | 709 | 719.2 | 728.6 | 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 | 12 |
| State and local governments; interest paid (IMA) | FA206130001 | 181.7 | 197 | 198.2 | 198.9 | 199.3 | 199 | 198 | 197.8 | 197.8 | 13 |
| State and local governments; subsidies paid | FA206402001 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 14 |
| State and local governments; net saving including net capital transfers paid | FA206006005 | -146.4 | -167.4 | -179.2 | -162.2 | -161.9 | -179.8 | -205.2 | -174.8 | -157 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA206300003 | 250.6 | 254.9 | 264.5 | 255.6 | 257.2 | 260.8 | 263.2 | 266.1 | 268 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -69 | -72.4 | -73.9 | -73.9 | -71.1 | -72.2 | -73.8 | -78.6 | -70.8 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 173.2 | 159.9 | 159.2 | 167.3 | 166.3 | 153.1 | 131.8 | 169.9 | 181.8 | 18 |
| State and local governments; gross investment | FA205090005 | 184.5 | 202.9 | 170.8 | 251.9 | 173.8 | 153.2 | 118.5 | 200.3 | 211.2 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA205019001 | 344.1 | 342.7 | 338.5 | 335.6 | 339.2 | 342.5 | 332.5 | 333.1 | 345.8 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 10.2 | 10.5 | 10.9 | 10.5 | 10.6 | 10.7 | 10.8 | 10.9 | 11.1 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -169.9 | -150.3 | -178.6 | -94.3 | -176 | -200 | -224.8 | -143.7 | -145.7 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | 29.7 | 141.7 | 96.9 | 222 | 114.2 | 35.9 | -33.1 | 120.5 | 264.2 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | -12.3 | -5.1 | -2.5 | -3.8 | -27.9 | 14.3 | 4.3 | -30.8 | 2.3 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 14.5 | 6.6 | 12.8 | -28.1 | 31.1 | -32.2 | 13.6 | 13.3 | 56.4 | 25 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 6.3 | 8.9 | 6.9 | 15.1 | 9.9 | 5.4 | -3.6 | 10.2 | 15.6 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 5.5 | 7.1 | 5.5 | 12.1 | 7.9 | 4.3 | -2.9 | 8.2 | 12.5 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -10.4 | 85.5 | 43.9 | 171 | 56.7 | 17.8 | -59.5 | 81.9 | 135.2 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -4.9 | 0 | 2.3 | 5.1 | 3.4 | 1.8 | -1.2 | 3.5 | 5.3 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 26 | 61 | 4.6 | 112.4 | 18.4 | -3.1 | -85.4 | 22.4 | 84.6 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -35.9 | 14.8 | 31.9 | 37 | 24.1 | 13.2 | 31.1 | 44.9 | 38.3 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.3 | 0.7 | 0.6 | 1.2 | 0.8 | 0.4 | -0.3 | 0.8 | 1.3 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | 4 | 9 | 4.5 | 15.3 | 9.9 | 5.4 | -3.6 | 10.3 | 5.8 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | 5.8 | 11.5 | 9.1 | 19.3 | 12.6 | 7.2 | -4 | 13.1 | 19.9 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | 2.1 | 4.8 | 2.5 | 8.1 | 5.3 | 2.9 | -1.9 | 5.5 | 3.4 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 1.1 | 2.5 | 1.9 | 4.2 | 2.7 | 1.5 | -1 | 2.8 | 4.3 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 5.2 | 10.1 | 10.4 | 12.3 | 10.1 | 5.9 | 14.1 | 11 | 10.4 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 4.4 | 3.5 | 2.9 | 1.1 | -1 | 5 | 10.3 | -1.7 | -1.9 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 7.4 | 6.2 | 3.6 | 10.6 | 6.9 | 3.8 | -2.5 | 7.1 | 6 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 199.5 | 292 | 275.4 | 316.3 | 290.2 | 235.9 | 191.7 | 264.2 | 409.9 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 8.9 | 30 | -4.3 | 24.9 | 8 | -103.5 | -37.9 | -4.5 | 128.8 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -5.9 | -2.8 | 4.8 | -11.3 | -6.7 | 0.2 | 3.2 | 15.1 | 1 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | 14.8 | 32.7 | -9.1 | 36.2 | 14.7 | -103.7 | -41 | -19.5 | 127.8 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.3 | 0.9 | 0.4 | -0.9 | 3.6 | 0.2 | 0.5 | 0.4 | 0.7 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 40.5 | 41.2 | 42.5 | 41.1 | 41.5 | 42.1 | 42 | 42.4 | 43.6 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 149.9 | 220 | 236.7 | 251.2 | 237.2 | 297.1 | 187.1 | 225.9 | 236.8 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | -11.3 | -43 | -11.6 | -84.5 | -7.4 | -0.1 | 13.3 | -30.4 | -29.3 | 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: March 8, 2018