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 | 2016 | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3881.3 | 3896.0 | 3838.4 | 3858.3 | 3835.8 | 3820.9 | 3817.9 | 3858.3 | 3864.2 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3110.9 | 3110.5 | 3059.4 | 3068.2 | 3055.0 | 3037.4 | 3034.3 | 3068.2 | 3074.2 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 30.2 | 35.0 | 38.1 | 44.7 | 39.1 | 36.5 | 40.0 | 44.7 | 42.9 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3080.6 | 3075.4 | 3021.4 | 3023.5 | 3016.0 | 3000.9 | 2994.4 | 3023.5 | 3031.3 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 217.0 | 218.6 | 216.4 | 213.1 | 215.3 | 214.6 | 214.2 | 213.1 | 210.2 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 553.4 | 566.9 | 562.6 | 577.0 | 565.4 | 569.0 | 569.4 | 577.0 | 579.8 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4030.3 | 4124.3 | 3978.5 | 4149.0 | 4049.5 | 4087.8 | 4113.7 | 4149.0 | 4087.1 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1879.5 | 1890.2 | 1861.0 | 1893.5 | 1894.8 | 1900.2 | 1892.1 | 1893.5 | 1864.3 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 19.3 | 17.2 | 18.5 | 19.3 | 18.9 | 19.1 | 19.2 | 19.3 | 19.0 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 5.1 | 6.0 | 6.5 | 6.9 | 6.6 | 6.7 | 6.8 | 6.9 | 7.0 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 15.8 | 16.0 | 14.7 | 15.0 | 14.8 | 14.6 | 14.8 | 15.0 | 15.1 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 544.9 | 572.6 | 498.8 | 471.7 | 491.1 | 476.1 | 469.9 | 471.7 | 482.9 | 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 | 1.7 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 5.1 | 5.1 | 4.8 | 5.5 | 4.8 | 4.8 | 4.5 | 5.5 | 6.1 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 350.7 | 338.9 | 291.6 | 285.2 | 293.0 | 291.0 | 289.4 | 285.2 | 281.1 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 185.2 | 197.8 | 190.0 | 215.0 | 198.4 | 204.8 | 210.7 | 215.0 | 212.0 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.6 | 3.4 | 4.1 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 2.4 | 19 |
| Money market funds; municipal securities; asset | FL633062000 | 154.3 | 134.4 | 142.8 | 134.0 | 135.0 | 135.8 | 130.3 | 134.0 | 130.7 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 632.2 | 688.1 | 693.6 | 831.0 | 737.2 | 773.4 | 805.2 | 831.0 | 802.1 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 88.0 | 90.0 | 88.4 | 93.2 | 89.8 | 91.0 | 93.4 | 93.2 | 89.8 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 24.8 | 30.8 | 37.0 | 49.3 | 39.0 | 42.0 | 45.4 | 49.3 | 49.3 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | FL403062005 | 5.8 | 4.6 | 3.9 | 3.3 | 3.8 | 3.6 | 3.3 | 3.3 | 3.2 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 21.0 | 26.7 | 20.7 | 16.4 | 16.4 | 18.4 | 20.4 | 16.4 | 13.7 | 25 |
| Rest of the world; municipal securities; asset | FL263062003 | 94.2 | 101.3 | 100.8 | 105.3 | 101.2 | 102.0 | 104.1 | 105.3 | 107.1 | 26 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -149.0 | -228.3 | -140.1 | -290.7 | -213.7 | -266.9 | -295.7 | -290.7 | -223.0 | 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: June 11, 2020