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 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2368.6 | 2421.9 | 2484.2 | 2588.4 | 2564.0 | 2580.8 | 2616.3 | 2592.7 | 2640.8 | 1 |
| State and local governments; personal current taxes | FA206210001 | 406.9 | 408.6 | 421.2 | 436.1 | 446.1 | 436.1 | 439.6 | 422.8 | 442.1 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1129.5 | 1166.1 | 1215.7 | 1268.6 | 1248.4 | 1261.4 | 1276.3 | 1288.3 | 1303.9 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 56.3 | 53.9 | 52.9 | 60.2 | 49.7 | 63.6 | 68.0 | 59.5 | 67.2 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 19.2 | 20.0 | 20.6 | 21.7 | 21.3 | 21.6 | 21.9 | 22.1 | 22.3 | 5 |
| State and local governments; property income (received) | FA206150105 | 85.2 | 85.0 | 86.0 | 87.3 | 86.6 | 87.2 | 87.5 | 87.7 | 88.5 | 6 |
| State and local governments; other current transfer received | FA206403105 | 673.7 | 689.0 | 690.7 | 718.3 | 715.2 | 714.5 | 726.9 | 716.5 | 721.4 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -2.2 | -0.6 | -2.9 | -3.7 | -3.3 | -3.6 | -3.8 | -4.2 | -4.5 | 8 |
| State and local governments; current expenditures | FA206900005 | 2592.2 | 2667.8 | 2743.3 | 2830.3 | 2794.4 | 2823.3 | 2847.8 | 2855.8 | 2862.0 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1656.9 | 1691.9 | 1744.5 | 1811.2 | 1784.4 | 1803.1 | 1822.8 | 1834.8 | 1831.9 | 10 |
| State and local governments; social contributions paid | FA206404001 | 665.6 | 693.3 | 712.3 | 739.1 | 726.5 | 739.6 | 746.5 | 743.7 | 754.9 | 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 | 269.2 | 281.9 | 286.0 | 279.4 | 283.0 | 280.0 | 277.9 | 276.7 | 274.7 | 13 |
| State and local governments; subsidies paid | FA206402001 | 0.5 | 0.5 | 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 | -223.6 | -245.8 | -259.1 | -241.8 | -230.4 | -242.4 | -231.5 | -263.1 | -221.2 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA206300001 | 251.3 | 256.4 | 265.6 | 278.3 | 272.5 | 277.3 | 280.1 | 283.2 | 285.0 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -69.0 | -72.3 | -72.8 | -71.8 | -69.6 | -69.4 | -76.9 | -71.3 | -74.2 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 96.7 | 82.8 | 79.2 | 108.2 | 111.7 | 104.3 | 125.4 | 91.4 | 138.0 | 18 |
| State and local governments; gross investment | FA205090005 | 159.6 | 143.5 | 97.3 | 137.2 | 173.8 | 162.5 | 137.1 | 75.4 | 193.4 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA205019001 | 356.5 | 366.8 | 364.8 | 389.8 | 377.6 | 390.5 | 398.2 | 392.8 | 413.5 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 11.9 | 13.0 | 13.5 | 14.5 | 14.0 | 14.3 | 14.6 | 14.9 | 15.3 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -208.8 | -236.3 | -281.0 | -267.0 | -217.9 | -242.2 | -275.7 | -332.3 | -235.4 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | 14.8 | 84.0 | 8.2 | -88.1 | -182.8 | 157.6 | 129.9 | -457.0 | -145.6 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | -11.4 | 4.1 | 10.6 | -4.1 | 0.3 | -10.5 | -17.1 | 10.8 | -5.0 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 14.9 | 7.7 | 14.5 | 8.2 | -6.7 | 1.0 | 27.1 | 11.5 | 25.0 | 25 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | -0.2 | 5.4 | 0.3 | -2.1 | -5.0 | -2.5 | -2.0 | 1.2 | 1.1 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 4.8 | 1.2 | -2.5 | -9.3 | -15.8 | 7.0 | 6.7 | -35.1 | -18.3 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -16.0 | 33.1 | -24.5 | -71.7 | -99.3 | 110.0 | 51.3 | -348.6 | -109.1 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -4.9 | -2.4 | -1.2 | -4.4 | -7.5 | 3.3 | 3.2 | -16.6 | -14.0 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 22.9 | 37.2 | -27.1 | -30.3 | -40.3 | 75.3 | 17.8 | -173.8 | -57.5 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -37.5 | -3.3 | 7.2 | -24.3 | -29.8 | 21.9 | 21.1 | -110.2 | -26.2 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.3 | 0.1 | -0.3 | -0.9 | -1.6 | 0.7 | 0.7 | -3.6 | -0.8 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | 3.2 | 1.5 | -3.1 | -11.8 | -20.0 | 8.8 | 8.5 | -44.4 | -10.6 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | 4.8 | 2.2 | -3.5 | -14.4 | -24.6 | 11.2 | 10.8 | -54.8 | -12.9 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | 1.7 | 0.8 | -1.7 | -6.3 | -10.7 | 4.7 | 4.5 | -23.6 | -5.6 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 0.9 | 0.4 | -0.9 | -3.2 | -5.5 | 2.4 | 2.3 | -12.2 | -2.9 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 0.5 | 17.5 | 10.7 | 16.7 | -4.1 | 28.9 | 32.1 | 10.0 | -3.5 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 5.8 | 10.5 | 7.3 | 9.0 | 3.1 | 9.2 | 8.0 | 15.8 | 3.2 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 9.1 | 1.1 | -2.3 | -11.0 | -14.4 | -3.7 | 6.1 | -31.9 | -17.6 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 223.6 | 320.3 | 289.2 | 179.0 | 35.1 | 399.9 | 405.6 | -124.7 | 89.8 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 9.5 | 31.6 | -2.0 | -53.4 | -91.8 | -11.4 | -42.9 | -67.6 | -24.5 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -5.9 | -2.7 | 4.8 | 3.0 | 7.6 | 1.1 | 4.7 | -1.2 | 7.4 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | 15.4 | 34.4 | -6.8 | -56.5 | -99.4 | -12.5 | -47.6 | -66.4 | -31.9 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.3 | 0.9 | 0.4 | 1.1 | 0.9 | 0.9 | 1.2 | 1.4 | 1.1 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 41.3 | 42.8 | 43.8 | 46.7 | 45.5 | 46.5 | 47.3 | 47.5 | 48.1 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 172.5 | 245.0 | 247.0 | 184.6 | 80.6 | 363.9 | 400.1 | -106.0 | 65.2 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | -62.9 | -60.7 | -18.0 | -29.0 | -62.0 | -58.2 | -11.7 | 16.0 | -55.3 | 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: June 6, 2019