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 | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2643.2 | 2742.9 | 3022.7 | 2748.9 | 2755.9 | 2785.0 | 3454.7 | 2915.5 | 2935.7 | 1 |
| State and local governments; personal current taxes | FA216210001 | 467.8 | 489.9 | 504.3 | 483.9 | 480.9 | 495.8 | 496.4 | 506.6 | 518.3 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1282.0 | 1317.7 | 1327.1 | 1326.5 | 1330.4 | 1346.2 | 1264.3 | 1344.5 | 1353.2 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 60.5 | 69.5 | 70.8 | 69.8 | 71.0 | 62.7 | 54.2 | 90.2 | 76.2 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 21.0 | 21.7 | 20.4 | 21.8 | 21.1 | 20.4 | 19.1 | 20.2 | 21.8 | 5 |
| State and local governments; property income (received) | FA216150105 | 94.6 | 96.8 | 98.0 | 96.8 | 97.6 | 97.8 | 97.9 | 98.0 | 98.4 | 6 |
| State and local governments; other current transfer received | FA216403105 | 722.5 | 753.0 | 1020.2 | 756.0 | 760.6 | 773.8 | 1543.7 | 875.8 | 887.4 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -5.2 | -5.7 | -18.1 | -5.9 | -5.9 | -11.8 | -20.9 | -19.8 | -19.7 | 8 |
| State and local governments; current expenditures | FA216900005 | 2856.8 | 2950.7 | 2989.0 | 2968.8 | 2978.3 | 2987.7 | 2984.4 | 2992.3 | 2991.6 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1847.8 | 1897.8 | 1894.4 | 1904.6 | 1918.8 | 1928.0 | 1885.0 | 1881.2 | 1883.6 | 10 |
| State and local governments; social contributions paid | FA216404001 | 727.2 | 754.6 | 809.3 | 763.4 | 761.0 | 767.1 | 812.2 | 828.5 | 829.6 | 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 | 281.3 | 297.7 | 284.6 | 300.2 | 297.9 | 292.0 | 286.7 | 282.0 | 277.8 | 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 | -213.7 | -207.7 | 33.7 | -219.8 | -222.4 | -202.7 | 470.3 | -76.7 | -55.9 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 280.3 | 293.5 | 303.1 | 295.6 | 297.3 | 299.7 | 300.6 | 304.9 | 307.4 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -72.2 | -73.8 | -79.8 | -74.4 | -75.3 | -78.1 | -82.2 | -79.6 | -79.3 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 138.8 | 159.5 | 416.7 | 150.2 | 150.1 | 175.1 | 853.1 | 307.7 | 330.8 | 18 |
| State and local governments; gross investment | FA215090005 | 268.9 | 173.0 | 422.1 | 142.2 | 201.1 | 224.2 | 816.3 | 256.7 | 391.2 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 407.9 | 431.0 | 451.8 | 433.2 | 438.5 | 453.6 | 449.6 | 448.4 | 455.5 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 16.2 | 16.8 | 23.0 | 16.9 | 17.2 | 18.4 | 24.2 | 24.5 | 24.9 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -155.3 | -274.8 | -52.7 | -307.8 | -254.7 | -247.7 | 342.5 | -216.3 | -89.2 | 22 |
| State and local governments; total financial assets | FA214090005 | 68.0 | 30.5 | 351.8 | 43.2 | 143.3 | 30.4 | 767.0 | 288.7 | 321.1 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | -7.6 | 6.2 | 40.8 | 10.3 | 15.3 | 15.6 | 72.6 | 36.2 | 38.9 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 7.9 | 19.8 | 40.4 | 13.5 | 11.4 | 54.6 | 58.2 | 32.3 | 16.6 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | -2.1 | 6.8 | 5.1 | 9.3 | 8.3 | 20.6 | 8.7 | -6.6 | -2.2 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 1.2 | -0.7 | 19.3 | 2.7 | 3.6 | -8.7 | 51.5 | 18.5 | 15.9 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 9.0 | 53.9 | 224.8 | 46.4 | 147.9 | -39.1 | 521.4 | 199.8 | 217.3 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | 0.6 | -0.3 | 9.2 | 1.3 | 1.7 | -4.1 | 24.4 | 8.8 | 7.5 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -12.4 | 53.9 | 203.8 | 29.3 | 121.5 | -18.3 | 508.8 | 188.7 | 136.1 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 5.7 | 4.4 | 3.6 | 18.7 | 21.4 | -47.7 | -39.8 | 31.3 | 70.6 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 0.5 | -0.8 | 1.5 | -0.4 | 0.5 | 0.1 | 3.9 | 1.4 | 0.5 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | 14.6 | -3.3 | 6.8 | -2.4 | 2.9 | 30.9 | 24.0 | -30.3 | 2.5 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 2.1 | -0.9 | 5.3 | 4.4 | 5.8 | -13.6 | 12.9 | 13.0 | 8.9 | 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 | 22.8 | 8.8 | 8.3 | 14.3 | 5.6 | -10.4 | -22.4 | 54.2 | 11.9 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 18.6 | 8.8 | 6.3 | 11.6 | 11.3 | 21.9 | 68.0 | -67.4 | 2.5 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 18.3 | -69.9 | 3.6 | -67.1 | -63.8 | -8.2 | -1.7 | 10.9 | 13.5 | 39 |
| State and local governments; total liabilities | FA214190005 | 223.3 | 305.3 | 404.5 | 351.0 | 397.9 | 278.2 | 424.5 | 505.0 | 410.3 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | -50.7 | 9.2 | 89.2 | 26.4 | 88.2 | 25.7 | 107.7 | 172.0 | 51.5 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 2.9 | 6.8 | 2.0 | 1.1 | 12.5 | -6.0 | 8.7 | 4.7 | 0.4 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -53.6 | 2.4 | 87.3 | 25.3 | 75.8 | 31.7 | 99.0 | 167.2 | 51.1 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 1.1 | 1.0 | 1.0 | 1.0 | 1.1 | 0.4 | 0.7 | 1.8 | 1.1 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 48.1 | 49.4 | 49.4 | 49.5 | 50.0 | 50.3 | 47.9 | 49.1 | 50.3 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 224.9 | 245.6 | 264.8 | 274.1 | 258.6 | 201.7 | 268.2 | 282.1 | 307.3 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -130.1 | -13.5 | -5.4 | 8.0 | -51.0 | -49.1 | 36.8 | 51.0 | -60.4 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: March 11, 2021