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 | 2016 | 2017 | 2018 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2421.9 | 2484.2 | 2592.1 | 2501.0 | 2529.0 | 2564.0 | 2580.8 | 2616.3 | 2607.4 | 1 |
| State and local governments; personal current taxes | FA206210001 | 408.6 | 421.2 | 436.1 | 422.6 | 437.6 | 446.1 | 436.1 | 439.6 | 422.6 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1166.1 | 1215.7 | 1268.2 | 1221.5 | 1236.1 | 1248.4 | 1261.4 | 1276.3 | 1286.8 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 53.9 | 52.9 | 64.2 | 53.9 | 56.0 | 49.7 | 63.6 | 68.0 | 75.5 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 20.0 | 20.6 | 21.7 | 20.6 | 21.0 | 21.3 | 21.6 | 21.9 | 22.1 | 5 |
| State and local governments; property income (received) | FA206150105 | 85.0 | 86.0 | 87.4 | 86.2 | 86.8 | 86.6 | 87.2 | 87.5 | 88.2 | 6 |
| State and local governments; other current transfer received | FA206403105 | 689.0 | 690.7 | 718.3 | 699.4 | 695.1 | 715.2 | 714.5 | 726.9 | 716.5 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -0.6 | -2.9 | -3.7 | -3.2 | -3.6 | -3.3 | -3.6 | -3.8 | -4.2 | 8 |
| State and local governments; current expenditures | FA206900005 | 2667.8 | 2743.3 | 2830.5 | 2755.7 | 2773.9 | 2794.4 | 2823.3 | 2847.8 | 2856.6 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1691.9 | 1744.5 | 1811.4 | 1747.5 | 1768.0 | 1784.4 | 1803.1 | 1822.8 | 1835.4 | 10 |
| State and local governments; social contributions paid | FA206404001 | 693.3 | 712.3 | 739.1 | 721.3 | 718.7 | 726.5 | 739.6 | 746.5 | 744.0 | 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 | 281.9 | 286.0 | 279.4 | 286.3 | 286.7 | 283.0 | 280.0 | 277.9 | 276.8 | 13 |
| State and local governments; subsidies paid | FA206402001 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 14 |
| State and local governments; net saving including net capital transfers paid | FA206006005 | -245.8 | -259.1 | -238.4 | -254.7 | -244.9 | -230.4 | -242.4 | -231.5 | -249.3 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA206300001 | 256.4 | 265.6 | 278.3 | 267.1 | 269.2 | 272.5 | 277.3 | 280.1 | 283.2 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -72.3 | -72.8 | -71.8 | -77.0 | -69.5 | -69.6 | -69.4 | -76.9 | -71.3 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 82.8 | 79.2 | 111.7 | 89.4 | 93.8 | 111.7 | 104.3 | 125.4 | 105.2 | 18 |
| State and local governments; gross investment | FA205090005 | 143.1 | 97.3 | 140.7 | 106.9 | 147.8 | 173.8 | 162.6 | 137.1 | 89.3 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA205019001 | 366.8 | 364.8 | 391.2 | 361.1 | 370.5 | 377.6 | 390.5 | 398.2 | 398.3 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 13.0 | 13.5 | 14.5 | 13.6 | 13.8 | 14.0 | 14.3 | 14.6 | 14.9 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -236.8 | -281.0 | -264.9 | -267.8 | -236.5 | -217.9 | -242.2 | -275.7 | -324.0 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | 83.4 | 7.4 | 28.8 | 1.3 | 204.1 | -182.3 | 156.6 | 189.0 | -47.9 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | 4.2 | 10.6 | -3.2 | -14.0 | 16.5 | -0.0 | -10.1 | -13.9 | 11.2 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 6.7 | 14.5 | 9.8 | 22.7 | 40.1 | -2.7 | 0.6 | 27.2 | 13.9 | 25 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 5.4 | 1.8 | 1.3 | 4.5 | 4.0 | -1.8 | 0.9 | 1.5 | 4.6 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 1.3 | -3.3 | -1.4 | -3.6 | 5.0 | -16.3 | 6.7 | 10.6 | -6.5 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | 34.0 | -31.6 | -1.2 | -35.2 | 78.2 | -103.1 | 107.4 | 85.5 | -94.6 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -2.4 | -1.6 | -0.7 | -1.7 | 2.4 | -7.7 | 3.2 | 5.0 | -3.1 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 37.6 | -30.2 | 0.8 | -37.1 | 53.3 | -42.0 | 74.2 | 32.8 | -61.9 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -3.0 | 4.7 | 0.6 | 8.6 | 15.7 | -31.1 | 21.0 | 33.2 | -20.6 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.1 | -0.3 | -0.1 | -0.4 | 0.5 | -1.7 | 0.7 | 1.1 | -0.7 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | 1.6 | -4.2 | -1.8 | -4.6 | 6.3 | -20.6 | 8.4 | 13.4 | -8.3 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | 2.4 | -4.8 | -1.9 | -5.3 | 8.2 | -25.3 | 10.8 | 16.9 | -10.0 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | 0.9 | -2.2 | -0.9 | -2.5 | 3.4 | -11.0 | 4.5 | 7.1 | -4.4 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 0.4 | -1.1 | -0.5 | -1.3 | 1.7 | -5.6 | 2.3 | 3.7 | -2.3 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 19.3 | 20.1 | 22.8 | 31.8 | 31.3 | -4.2 | 30.1 | 33.4 | 31.8 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 7.7 | 6.4 | 8.0 | 7.6 | 11.0 | 2.5 | 7.4 | 7.4 | 14.5 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 1.2 | -3.0 | -3.8 | -3.3 | 4.6 | -14.8 | -3.9 | 9.6 | -6.0 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 320.2 | 288.3 | 293.8 | 269.1 | 440.6 | 35.5 | 398.8 | 464.8 | 276.1 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 31.5 | -2.9 | -54.0 | -20.4 | 107.8 | -91.4 | -12.6 | -42.1 | -69.9 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -2.7 | 4.8 | 2.4 | 12.9 | 4.1 | 8.0 | -0.1 | 4.7 | -3.2 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | 34.2 | -7.7 | -56.3 | -33.2 | 103.7 | -99.4 | -12.5 | -46.8 | -66.7 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.9 | 0.4 | 0.9 | 0.4 | 0.7 | 0.9 | 0.9 | 1.2 | 0.7 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 42.8 | 43.8 | 46.8 | 43.6 | 44.6 | 45.5 | 46.5 | 47.3 | 47.7 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 245.0 | 247.0 | 300.1 | 245.5 | 287.4 | 80.6 | 363.9 | 458.4 | 297.6 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | -60.3 | -18.1 | -29.0 | -17.5 | -54.0 | -62.0 | -58.3 | -11.7 | 15.9 | 47 |
NOTES
- Data for state and local government employee retirement funds are shown on table F.120.
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: March 7, 2019