Financial Accounts of the United States - Z.1
L.212 Municipal Securities
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3893.0 | 3835.1 | 3854.5 | 3845.8 | 3835.1 | 3832.4 | 3817.6 | 3814.8 | 3854.5 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3107.0 | 3055.5 | 3063.9 | 3067.4 | 3055.5 | 3051.1 | 3033.6 | 3030.8 | 3063.9 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 35.0 | 38.1 | 44.7 | 37.3 | 38.1 | 39.1 | 36.5 | 40.0 | 44.7 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3072.0 | 3017.5 | 3019.2 | 3030.1 | 3017.5 | 3012.1 | 2997.2 | 2990.9 | 3019.2 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 218.6 | 216.4 | 212.9 | 216.9 | 216.4 | 215.3 | 214.5 | 214.0 | 212.9 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 567.4 | 563.2 | 577.6 | 561.5 | 563.2 | 565.9 | 569.5 | 569.9 | 577.6 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4120.4 | 3973.3 | 4140.7 | 3971.7 | 3973.3 | 4043.7 | 4081.6 | 4107.2 | 4140.7 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1887.1 | 1859.2 | 1894.0 | 1830.0 | 1859.2 | 1893.5 | 1899.2 | 1892.9 | 1894.0 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 17.2 | 16.6 | 17.0 | 16.6 | 16.6 | 16.9 | 17.1 | 17.2 | 17.0 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | FL113062003 | 5.5 | 6.0 | 6.4 | 5.8 | 6.0 | 6.1 | 6.2 | 6.3 | 6.4 | 10 |
| State and local governments; municipal securities; asset | FL213062003 | 15.7 | 14.6 | 14.4 | 15.2 | 14.6 | 14.6 | 14.4 | 14.3 | 14.4 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 572.6 | 498.8 | 471.8 | 502.2 | 498.8 | 491.1 | 476.1 | 469.9 | 471.8 | 12 |
| Foreign banking offices in the U.S.; municipal securities; asset | LM753062003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 13 |
| Banks in U.S.-affiliated areas; municipal securities; asset | LM743062003 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 5.1 | 4.8 | 5.5 | 4.4 | 4.8 | 4.8 | 4.8 | 4.5 | 5.5 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 338.9 | 291.6 | 299.8 | 316.0 | 291.6 | 296.8 | 298.6 | 300.8 | 299.8 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 197.8 | 190.0 | 196.4 | 194.4 | 190.0 | 193.7 | 195.5 | 196.7 | 196.4 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 3.4 | 4.1 | 3.1 | 3.4 | 4.1 | 3.2 | 3.2 | 3.2 | 3.1 | 19 |
| Money market funds; municipal securities; asset | FL633062000 | 134.4 | 142.8 | 134.0 | 131.0 | 142.8 | 135.0 | 135.8 | 130.3 | 134.0 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 688.1 | 693.6 | 832.8 | 701.9 | 693.6 | 737.2 | 773.4 | 805.2 | 832.8 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 90.0 | 87.5 | 92.3 | 87.9 | 87.5 | 89.0 | 90.1 | 92.5 | 92.3 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 30.8 | 37.0 | 49.3 | 33.4 | 37.0 | 39.0 | 42.0 | 45.4 | 49.3 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | FL403062005 | 4.6 | 3.9 | 3.0 | 4.0 | 3.9 | 3.8 | 3.6 | 3.3 | 3.0 | 24 |
| Security brokers and dealers; municipal securities; asset | FL663062003 | 26.7 | 20.7 | 16.4 | 22.1 | 20.7 | 16.4 | 18.4 | 20.4 | 16.4 | 25 |
| Rest of the world; municipal securities; asset | FL263062003 | 101.3 | 100.8 | 103.3 | 102.0 | 100.8 | 101.2 | 102.0 | 103.2 | 103.3 | 26 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -227.4 | -138.2 | -286.2 | -125.9 | -138.2 | -211.3 | -264.0 | -292.4 | -286.2 | 27 |
NOTES
- Debt with original maturity of 13 months or less.
- Liability of the households and nonprofit organizations sector (tables L.101 and B.101).
- The accumulated valuation difference between issuance and holdings.
Last Update: March 12, 2020