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 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2236.7 | 2350.7 | 2416.3 | 2490.4 | 2465.2 | 2446.1 | 2502.6 | 2547.6 | 2593.3 | 1 |
| State and local governments; personal current taxes | FA206210001 | 382.6 | 409.4 | 419.6 | 444.8 | 444.8 | 421.4 | 444.4 | 468.5 | 481.4 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1086.2 | 1115.6 | 1151 | 1197.8 | 1180.4 | 1189.7 | 1198.6 | 1222.5 | 1237.9 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 57.8 | 59.2 | 58.1 | 54.3 | 46.1 | 58.4 | 55.9 | 56.7 | 52.8 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 19.6 | 19.8 | 20.3 | 20.6 | 20.4 | 20.4 | 20.6 | 20.8 | 21 | 5 |
| State and local governments; property income (received) | FA206150105 | 75.3 | 76.3 | 78.2 | 79.4 | 78.7 | 79.1 | 79.6 | 80.1 | 80.2 | 6 |
| State and local governments; other current transfer received | FA206403105 | 625 | 680 | 695.6 | 700.4 | 702.6 | 684 | 710.1 | 704.8 | 725.2 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -9.9 | -9.6 | -6.6 | -6.8 | -7.7 | -6.9 | -6.6 | -5.9 | -5.4 | 8 |
| State and local governments; current expenditures | FA206900005 | 2405.6 | 2497 | 2583.7 | 2669.2 | 2645.1 | 2651.3 | 2677.4 | 2703.2 | 2727.6 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1608.2 | 1650.8 | 1693.6 | 1754.4 | 1733.4 | 1743.7 | 1759.8 | 1780.8 | 1796 | 10 |
| State and local governments; social contributions paid | FA206404001 | 616.9 | 664 | 692.6 | 716.1 | 712.2 | 709 | 719.2 | 724 | 732.5 | 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 | 180 | 181.7 | 197 | 198.2 | 199 | 198 | 197.8 | 197.9 | 198.5 | 13 |
| State and local governments; subsidies paid | FA206402001 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 14 |
| State and local governments; net saving including net capital transfers paid | FA206006005 | -168.9 | -146.4 | -167.4 | -178.8 | -179.8 | -205.2 | -174.8 | -155.6 | -134.3 | 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 | 264.5 | 260.8 | 263.2 | 266.1 | 268 | 271.2 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -70.7 | -69 | -72.4 | -74 | -72.2 | -73.8 | -78.6 | -71.2 | -71.7 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 147.7 | 173.2 | 159.9 | 159.6 | 153.1 | 131.8 | 169.9 | 183.6 | 208.6 | 18 |
| State and local governments; gross investment | FA205090005 | 195.8 | 184.4 | 202.9 | 177.7 | 153.2 | 118.4 | 200.3 | 238.8 | 210.1 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA205019001 | 330.7 | 344.1 | 342.7 | 338.8 | 342.5 | 332.5 | 333.1 | 346.9 | 350.3 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 9.5 | 10.2 | 10.5 | 10.9 | 10.7 | 10.8 | 10.9 | 11.1 | 11.3 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -144.3 | -170 | -150.4 | -172 | -200 | -224.9 | -143.8 | -119.2 | -151.5 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | 41.5 | 29.6 | 152.3 | 133.1 | 40.7 | -46.9 | 138.3 | 400.4 | 28.9 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | 14.3 | -12.3 | -5.3 | 3.6 | 14 | 0.5 | -30.9 | 30.9 | 9.9 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 12.8 | 14.5 | 6.6 | 14.5 | -32.2 | 13.4 | 13.2 | 63.7 | -36 | 25 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 2.1 | 6.3 | 9.3 | 8.3 | 5.3 | -4.3 | 11 | 21 | 4.3 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 2.2 | 5.5 | 7.4 | 6.6 | 4.3 | -3.4 | 8.8 | 16.9 | 3.4 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -14.7 | -10.5 | 88.2 | 56.1 | 17.4 | -64.2 | 87.7 | 183.4 | 11.6 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -9.3 | -4.9 | 0.2 | 2.8 | 1.8 | -1.5 | 3.7 | 7.2 | 1.5 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 23 | 26 | 62.2 | 9 | -3.3 | -87.6 | 25 | 101.8 | -25.1 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -28.2 | -35.9 | 15.7 | 35.2 | 13.1 | 29.5 | 46.9 | 51.5 | 30.5 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | -0 | 0.3 | 0.8 | 0.7 | 0.4 | -0.3 | 0.9 | 1.7 | 0.4 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | -0.2 | 4 | 9.4 | 8.3 | 5.4 | -4.3 | 11.1 | 21.2 | 4.3 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | 0.6 | 5.8 | 12 | 10.7 | 7 | -4.9 | 14.1 | 26.6 | 5.6 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | -0.1 | 2.1 | 5 | 4.4 | 2.9 | -2.3 | 5.9 | 11.3 | 2.3 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | -0.1 | 1.1 | 2.6 | 2.3 | 1.5 | -1.2 | 3 | 5.8 | 1.2 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 11.1 | 5.2 | 16.8 | 17.7 | 11.9 | 12.3 | 19.4 | 27.2 | 17.2 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 8.8 | 4.4 | 3.3 | 3.1 | 5 | 10.2 | -1.8 | -1.1 | 6.3 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 4.5 | 7.4 | 6.5 | 5.8 | 3.7 | -3 | 7.7 | 14.7 | 3 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 185.8 | 199.6 | 302.7 | 305.1 | 240.8 | 178 | 282 | 519.6 | 180.3 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | -39 | 8.9 | 30.7 | -4.1 | -103.7 | -37.7 | -5.3 | 130.3 | -131.1 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -6.4 | -5.9 | -2.8 | 4.8 | 0.2 | 3 | 15.1 | 1 | 5.4 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | -32.6 | 14.8 | 33.5 | -8.9 | -103.9 | -40.7 | -20.4 | 129.3 | -136.5 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.4 | 0.3 | 0.9 | 0.4 | 0.2 | 0.5 | 0.4 | 0.7 | 0.9 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 39.4 | 40.5 | 41.2 | 42.5 | 42.1 | 42 | 42.4 | 43.7 | 44.3 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 185.1 | 149.9 | 229.9 | 266.2 | 302.1 | 173.2 | 244.6 | 345 | 266.2 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | -48.2 | -11.2 | -43 | -18.1 | -0.1 | 13.4 | -30.4 | -55.2 | -1.5 | 47 |
NOTES
- Data for state and local government employee retirement funds are shown on table F.120.
- Table F.5, line 64.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: June 7, 2018