Financial Accounts of the United States - Z.1
F.107 State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2515.1 | 2623.0 | 2735.9 | 2629.9 | 2632.2 | 2687.7 | 2757.8 | 2744.1 | 2753.8 | 1 |
| State and local governments; personal current taxes | FA216210001 | 432.7 | 457.4 | 482.6 | 458.2 | 443.6 | 468.9 | 508.8 | 477.0 | 475.8 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1235.8 | 1281.0 | 1325.3 | 1282.6 | 1294.8 | 1306.2 | 1317.6 | 1336.1 | 1341.1 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 54.5 | 58.4 | 67.0 | 60.1 | 59.0 | 64.3 | 66.6 | 66.6 | 70.3 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.8 | 22.2 | 22.7 | 22.4 | 22.5 | 22.5 | 22.6 | 22.8 | 23.0 | 5 |
| State and local governments; property income (received) | FA216150105 | 89.3 | 91.4 | 94.0 | 91.6 | 92.5 | 93.5 | 93.8 | 94.2 | 94.4 | 6 |
| State and local governments; other current transfer received | FA216403105 | 685.6 | 716.6 | 748.8 | 719.0 | 724.1 | 736.4 | 753.0 | 752.0 | 753.7 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -3.4 | -4.0 | -4.5 | -4.0 | -4.3 | -4.3 | -4.6 | -4.6 | -4.6 | 8 |
| State and local governments; current expenditures | FA216900005 | 2763.2 | 2862.1 | 2949.9 | 2880.1 | 2889.1 | 2899.4 | 2942.9 | 2971.5 | 2986.0 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1764.6 | 1847.4 | 1904.5 | 1860.6 | 1876.3 | 1876.4 | 1897.9 | 1913.2 | 1930.6 | 10 |
| State and local governments; social contributions paid | FA216404001 | 712.2 | 736.6 | 774.9 | 742.7 | 738.5 | 751.7 | 774.0 | 788.0 | 785.9 | 11 |
| State and local governments; other current transfer payments to the rest of the world | FA216403001 | 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) | FA216130001 | 285.8 | 277.5 | 269.9 | 276.2 | 273.7 | 270.7 | 270.3 | 269.7 | 268.9 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.6 | 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 | FA216006005 | -248.1 | -239.2 | -214.1 | -250.1 | -256.8 | -211.7 | -185.0 | -227.4 | -232.1 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 266.1 | 279.6 | 292.7 | 281.5 | 284.9 | 287.7 | 292.0 | 294.7 | 296.2 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -72.2 | -73.3 | -75.7 | -77.6 | -73.3 | -76.1 | -74.4 | -76.1 | -76.2 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 90.2 | 113.7 | 154.3 | 109.0 | 101.4 | 152.0 | 181.4 | 143.5 | 140.2 | 18 |
| State and local governments; gross investment | FA215090005 | 140.0 | 145.4 | 112.3 | 97.5 | 158.8 | 95.3 | 110.7 | 116.6 | 126.5 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 378.0 | 396.8 | 425.4 | 403.3 | 396.7 | 412.0 | 429.2 | 427.4 | 433.2 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 13.7 | 14.5 | 15.1 | 14.6 | 14.9 | 15.3 | 15.4 | 15.2 | 14.7 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -251.8 | -265.9 | -328.3 | -320.4 | -252.7 | -331.9 | -333.8 | -325.9 | -321.4 | 22 |
| State and local governments; total financial assets | FA214090005 | 2.5 | -118.4 | -38.7 | 42.6 | -243.7 | -35.2 | -125.2 | -44.5 | 50.1 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | -2.5 | -7.6 | 6.2 | -15.3 | -0.6 | -9.3 | 1.3 | 11.8 | 21.1 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 14.1 | 7.9 | 20.5 | 18.8 | 9.4 | 33.3 | 29.5 | 13.5 | 5.8 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 0.3 | -2.1 | 4.7 | -2.0 | 1.2 | 1.1 | 3.3 | 6.2 | 8.3 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 2.2 | -11.4 | -2.0 | 2.4 | -23.5 | 1.0 | -6.7 | -4.6 | 2.2 | 27 |
| State and local governments; debt securities; asset | FA214022005 | -4.1 | -104.2 | -89.3 | 40.1 | -303.4 | -114.8 | -218.8 | -80.3 | 56.5 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | 1.0 | -5.4 | -1.0 | 1.1 | -11.2 | 0.5 | -3.2 | -2.2 | 1.1 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -8.9 | -62.0 | -45.3 | 21.8 | -167.2 | -64.2 | -129.4 | -25.9 | 38.1 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 4.8 | -33.8 | -22.4 | 13.1 | -100.7 | -21.5 | -51.9 | -31.7 | 15.6 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | -0.2 | -0.8 | -0.9 | 0.9 | -2.7 | -1.1 | -1.6 | -1.0 | 0.3 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -0.8 | -2.3 | -19.8 | 3.2 | -21.7 | -28.4 | -32.6 | -19.6 | 1.3 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 3.8 | -17.7 | -3.0 | 4.1 | -36.7 | 1.7 | -10.4 | -7.1 | 3.6 | 34 |
| State and local governments; corporate equities; asset | FA213064103 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | 35 |
| State and local governments; mutual fund shares; asset | FA213064203 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 36 |
| State and local governments; trade receivables; asset | FA213070003 | 10.8 | 15.6 | 10.9 | 31.5 | 6.9 | 2.4 | 15.7 | 16.0 | 9.4 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 8.2 | 9.4 | 8.1 | 8.7 | 17.5 | 1.2 | 5.8 | 13.4 | 11.9 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | -28.0 | -6.0 | 7.5 | -43.4 | 87.8 | 50.5 | 57.3 | -11.2 | -66.4 | 39 |
| State and local governments; total liabilities | FA214190005 | 254.3 | 147.5 | 289.6 | 363.0 | 9.0 | 296.8 | 208.6 | 281.4 | 371.5 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | -2.0 | -51.5 | 8.4 | -45.7 | -48.0 | -40.0 | -77.7 | 16.7 | 134.6 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 4.8 | 3.0 | 6.6 | 1.7 | 0.8 | 5.0 | 10.7 | -7.3 | 18.0 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -6.8 | -54.5 | 1.8 | -47.4 | -48.7 | -45.0 | -88.4 | 24.0 | 116.5 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 0.4 | 1.1 | 1.8 | 1.2 | 1.4 | 1.1 | 1.0 | 3.9 | 1.1 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 45.3 | 48.1 | 50.2 | 48.6 | 48.6 | 49.1 | 50.4 | 50.4 | 51.1 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 210.6 | 149.8 | 229.2 | 358.9 | 6.9 | 286.5 | 235.0 | 210.5 | 184.8 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -49.7 | -31.7 | 42.0 | 11.5 | -57.4 | 56.7 | 70.6 | 26.9 | 13.7 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: March 12, 2020