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 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2431.9 | 2515.1 | 2623.0 | 2607.3 | 2622.4 | 2629.9 | 2632.2 | 2687.7 | 2761.5 | 1 |
| State and local governments; personal current taxes | FA206210001 | 409.5 | 432.7 | 457.4 | 469.6 | 458.3 | 458.2 | 443.6 | 468.9 | 511.1 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1176.3 | 1235.8 | 1281.0 | 1265.6 | 1280.8 | 1282.6 | 1294.8 | 1306.2 | 1318.4 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 53.5 | 54.5 | 58.4 | 54.8 | 59.8 | 60.1 | 59.0 | 64.3 | 67.1 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 20.1 | 20.8 | 22.2 | 21.8 | 22.1 | 22.4 | 22.5 | 22.5 | 22.6 | 5 |
| State and local governments; property income (received) | FA206150105 | 86.1 | 89.3 | 91.4 | 90.3 | 91.0 | 91.6 | 92.5 | 93.5 | 93.9 | 6 |
| State and local governments; other current transfer received | FA206403105 | 687.4 | 685.6 | 716.6 | 708.8 | 714.4 | 719.0 | 724.1 | 736.4 | 753.0 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -1.0 | -3.4 | -4.0 | -3.6 | -3.9 | -4.0 | -4.3 | -4.3 | -4.6 | 8 |
| State and local governments; current expenditures | FA206900005 | 2678.7 | 2763.2 | 2862.1 | 2823.6 | 2855.8 | 2880.1 | 2889.1 | 2899.4 | 2943.8 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1702.8 | 1764.6 | 1847.4 | 1814.9 | 1837.9 | 1860.6 | 1876.3 | 1876.4 | 1898.0 | 10 |
| State and local governments; social contributions paid | FA206404001 | 693.6 | 712.2 | 736.6 | 726.7 | 738.5 | 742.7 | 738.5 | 751.7 | 774.8 | 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 | 281.7 | 285.8 | 277.5 | 281.5 | 278.8 | 276.2 | 273.7 | 270.7 | 270.4 | 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 | -246.8 | -248.1 | -239.2 | -216.3 | -233.3 | -250.1 | -256.8 | -211.7 | -182.3 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA206300001 | 256.6 | 266.1 | 279.6 | 273.4 | 278.5 | 281.5 | 284.9 | 287.7 | 292.0 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -72.4 | -72.2 | -73.3 | -71.0 | -71.1 | -77.6 | -73.3 | -76.1 | -74.6 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 82.2 | 90.2 | 113.7 | 128.1 | 116.3 | 109.0 | 101.4 | 152.0 | 184.3 | 18 |
| State and local governments; gross investment | FA205090005 | 142.1 | 108.3 | 142.7 | 183.6 | 180.5 | 112.2 | 94.3 | 140.1 | 157.1 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA205019001 | 369.7 | 378.0 | 396.8 | 388.3 | 398.8 | 403.3 | 396.7 | 412.0 | 426.7 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 13.3 | 13.7 | 14.5 | 14.1 | 14.3 | 14.6 | 14.9 | 15.3 | 15.4 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -240.9 | -283.5 | -268.6 | -218.8 | -232.6 | -305.7 | -317.2 | -287.1 | -284.9 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | 82.0 | -29.2 | -122.1 | -339.4 | 105.4 | 55.7 | -310.1 | 31.1 | -68.1 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | 4.1 | 7.9 | -6.4 | -4.2 | -10.8 | -15.1 | 4.6 | -16.9 | 1.6 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 7.7 | 14.5 | 8.2 | -0.6 | 5.0 | 18.8 | 9.8 | 32.1 | 32.5 | 25 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | 5.4 | 0.3 | -2.1 | -5.0 | -2.5 | -2.0 | 1.2 | 1.1 | 3.3 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 1.1 | -5.1 | -11.6 | -27.1 | 2.4 | 2.2 | -23.9 | 3.1 | -6.0 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | 32.2 | -47.6 | -92.1 | -206.2 | 75.2 | 2.7 | -240.2 | -4.8 | -101.1 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -2.5 | -2.4 | -5.5 | -12.9 | 1.1 | 1.0 | -11.3 | 1.4 | -2.9 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 36.9 | -37.3 | -39.3 | -91.1 | 63.3 | -8.3 | -121.1 | -20.1 | -71.0 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -3.6 | -1.0 | -31.5 | -65.2 | 7.5 | 7.0 | -75.1 | 9.6 | -18.9 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.1 | -0.5 | -1.2 | -2.8 | 0.2 | 0.2 | -2.4 | 0.3 | -0.6 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | 1.4 | -6.4 | -14.7 | -34.3 | 3.0 | 2.8 | -30.2 | 3.9 | -7.6 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | 2.1 | -7.6 | -18.0 | -42.3 | 4.0 | 3.8 | -37.3 | 5.0 | -9.2 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | 0.7 | -3.4 | -7.8 | -18.3 | 1.6 | 1.5 | -16.1 | 2.1 | -4.1 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 0.4 | -1.8 | -4.0 | -9.4 | 0.8 | 0.8 | -8.3 | 1.1 | -2.1 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 17.5 | 10.7 | 15.4 | -3.0 | 27.1 | 32.4 | 5.0 | 4.2 | 15.9 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 9.9 | 7.5 | 9.3 | 1.4 | 10.4 | 8.7 | 16.9 | 1.5 | 6.6 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 1.0 | -4.6 | -13.1 | -24.7 | -7.8 | 2.0 | -21.8 | 2.8 | -5.5 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 322.9 | 254.3 | 146.4 | -120.6 | 338.0 | 361.4 | 7.1 | 318.2 | 216.8 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 32.1 | -2.1 | -52.5 | -100.6 | -12.2 | -47.3 | -49.9 | -36.8 | -77.8 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -2.7 | 4.8 | 3.0 | 5.7 | 4.0 | 1.7 | 0.8 | 5.0 | 10.6 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | 34.9 | -6.8 | -55.5 | -106.3 | -16.2 | -49.0 | -50.7 | -41.8 | -88.4 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.9 | 0.4 | 1.1 | 0.9 | 0.9 | 1.2 | 1.4 | 1.1 | 1.0 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 43.2 | 45.3 | 48.1 | 47.1 | 48.0 | 48.6 | 48.6 | 49.1 | 50.3 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 246.7 | 210.6 | 149.8 | -68.0 | 301.2 | 358.9 | 6.9 | 304.8 | 243.3 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | -59.9 | -18.0 | -29.0 | -55.5 | -64.2 | -3.3 | 7.1 | 11.9 | 27.1 | 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: September 20, 2019