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 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2515.2 | 2643.2 | 2742.9 | 2694.6 | 2772.3 | 2748.9 | 2755.9 | 2785.0 | 3489.4 | 1 |
| State and local governments; personal current taxes | FA216210001 | 432.1 | 467.8 | 489.9 | 475.2 | 519.4 | 483.9 | 480.9 | 495.8 | 495.7 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1233.0 | 1282.0 | 1317.7 | 1301.6 | 1312.4 | 1326.5 | 1330.4 | 1346.2 | 1301.4 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 54.2 | 60.5 | 69.5 | 68.5 | 68.7 | 69.8 | 71.0 | 62.7 | 54.4 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.0 | 21.0 | 21.7 | 22.0 | 22.1 | 21.8 | 21.1 | 20.4 | 19.1 | 5 |
| State and local governments; property income (received) | FA216150105 | 90.8 | 94.6 | 96.8 | 96.2 | 96.4 | 96.8 | 97.6 | 97.8 | 97.7 | 6 |
| State and local governments; other current transfer received | FA216403105 | 691.2 | 722.5 | 753.0 | 736.4 | 759.1 | 756.0 | 760.6 | 773.8 | 1543.7 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -6.2 | -5.2 | -5.7 | -5.3 | -5.7 | -5.9 | -5.9 | -11.8 | -22.5 | 8 |
| State and local governments; current expenditures | FA216900005 | 2754.0 | 2856.8 | 2950.7 | 2908.1 | 2947.5 | 2968.8 | 2978.3 | 2987.7 | 2973.0 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1757.6 | 1847.8 | 1897.8 | 1874.8 | 1892.8 | 1904.6 | 1918.8 | 1928.0 | 1884.6 | 10 |
| State and local governments; social contributions paid | FA216404001 | 707.5 | 727.2 | 754.6 | 738.7 | 755.2 | 763.4 | 761.0 | 767.1 | 801.1 | 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 | 288.4 | 281.3 | 297.7 | 294.0 | 298.9 | 300.2 | 297.9 | 292.0 | 286.7 | 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 | -238.8 | -213.7 | -207.7 | -213.5 | -175.2 | -219.8 | -222.4 | -202.7 | 516.5 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 266.2 | 280.3 | 293.5 | 288.2 | 292.7 | 295.6 | 297.3 | 299.7 | 300.6 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -71.9 | -72.2 | -73.8 | -73.2 | -72.1 | -74.4 | -75.3 | -78.1 | -82.4 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 99.3 | 138.8 | 159.5 | 147.9 | 189.7 | 150.2 | 150.1 | 175.1 | 899.5 | 18 |
| State and local governments; gross investment | FA215090005 | 134.0 | 170.6 | 139.8 | 104.0 | 119.8 | 126.6 | 208.7 | 204.8 | 864.3 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 385.6 | 407.9 | 431.0 | 417.9 | 434.2 | 433.2 | 438.5 | 453.6 | 448.6 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 14.2 | 16.2 | 16.8 | 16.6 | 16.7 | 16.9 | 17.2 | 18.4 | 24.2 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -265.7 | -253.6 | -308.0 | -330.5 | -331.2 | -323.4 | -247.1 | -267.1 | 391.4 | 22 |
| State and local governments; total financial assets | FA214090005 | -12.4 | -30.3 | 51.9 | 4.5 | -360.0 | 197.9 | 365.4 | -330.8 | 836.0 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | -2.5 | -7.6 | 6.2 | -3.8 | 2.8 | 10.3 | 15.3 | 15.6 | 113.0 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 14.1 | 7.9 | 19.8 | 28.1 | 26.1 | 13.5 | 11.4 | 54.6 | 17.8 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 0.3 | -2.1 | 6.8 | 3.5 | 5.9 | 9.3 | 8.3 | 20.6 | 8.7 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 1.6 | -5.5 | 3.2 | 2.7 | -24.2 | 13.7 | 20.6 | -32.4 | 3.3 | 27 |
| State and local governments; debt securities; asset | FA214022005 | -8.9 | -51.7 | -20.3 | -86.4 | -373.3 | 83.3 | 295.2 | -285.4 | 611.5 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | 0.8 | -2.6 | 1.5 | 1.3 | -11.5 | 6.5 | 9.8 | -15.4 | 5.3 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -11.0 | -39.0 | -0.8 | -41.2 | -193.8 | 47.3 | 184.6 | -198.1 | 417.7 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 3.1 | -15.3 | -6.6 | -17.5 | -108.5 | 25.4 | 74.0 | -67.8 | 92.9 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | -0.2 | -0.2 | -0.4 | -1.0 | -3.4 | 0.8 | 2.2 | -2.4 | 4.2 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -1.6 | 5.4 | -14.1 | -27.9 | -56.1 | 3.2 | 24.5 | -1.6 | 91.4 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 2.9 | -8.4 | 5.2 | 4.4 | -37.7 | 21.7 | 32.5 | -50.7 | 13.6 | 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 | 6.2 | 27.6 | 10.1 | 1.1 | 16.3 | 15.8 | 7.4 | -19.1 | -39.4 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 5.0 | 6.4 | 5.5 | 3.3 | 2.6 | 8.2 | 7.7 | 22.2 | 68.0 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | -29.1 | 5.3 | 17.7 | 53.8 | 23.6 | 24.2 | -30.9 | -54.0 | 41.7 | 39 |
| State and local governments; total liabilities | FA214190005 | 253.4 | 223.2 | 360.0 | 335.0 | -28.8 | 521.3 | 612.4 | -63.7 | 444.6 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | -0.4 | -50.8 | 8.9 | -20.9 | -57.3 | 26.0 | 87.8 | 25.9 | 106.9 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 4.8 | 2.9 | 6.8 | 5.7 | 7.8 | 1.1 | 12.5 | -6.0 | 8.7 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -5.2 | -53.7 | 2.1 | -26.6 | -65.1 | 24.9 | 75.3 | 31.9 | 98.2 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 0.5 | 1.1 | 1.0 | 1.0 | 1.1 | 1.0 | 1.1 | 0.4 | 0.7 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 45.4 | 48.1 | 49.4 | 48.6 | 49.6 | 49.5 | 50.0 | 50.3 | 47.9 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 207.9 | 224.9 | 300.6 | 306.3 | -22.2 | 444.8 | 473.6 | -140.4 | 289.1 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -34.7 | -31.8 | 19.7 | 43.9 | 69.9 | 23.6 | -58.6 | -29.8 | 35.2 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: September 21, 2020