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 | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3844.5 | 3864.7 | 3949.9 | 3824.4 | 3864.7 | 3870.2 | 3890.2 | 3924.7 | 3949.9 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3066.1 | 3075.3 | 3164.6 | 3041.3 | 3075.3 | 3081.1 | 3102.2 | 3137.0 | 3164.6 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 38.0 | 44.8 | 46.8 | 40.1 | 44.8 | 43.0 | 41.1 | 44.8 | 46.8 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3028.1 | 3030.5 | 3117.8 | 3001.2 | 3030.5 | 3038.1 | 3061.1 | 3092.2 | 3117.8 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 215.2 | 212.1 | 202.3 | 213.2 | 212.1 | 209.2 | 206.9 | 205.5 | 202.3 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 563.1 | 577.2 | 583.1 | 569.9 | 577.2 | 579.9 | 581.1 | 582.2 | 583.1 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 3984.7 | 4155.7 | 4294.5 | 4120.5 | 4155.7 | 4082.3 | 4175.8 | 4227.9 | 4294.5 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1866.1 | 1904.3 | 1909.3 | 1901.7 | 1904.3 | 1880.2 | 1900.8 | 1905.4 | 1909.3 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 18.5 | 19.3 | 19.8 | 19.2 | 19.3 | 19.0 | 19.4 | 19.7 | 19.8 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 5.6 | 5.9 | 6.4 | 5.9 | 5.9 | 6.3 | 6.5 | 6.4 | 6.4 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 16.8 | 16.7 | 18.7 | 16.6 | 16.7 | 16.5 | 17.8 | 18.3 | 18.7 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 499.8 | 471.7 | 512.6 | 470.9 | 471.7 | 484.0 | 501.5 | 504.9 | 512.6 | 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 | 1.2 | 1.2 | 0.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.0 | 0.1 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 4.8 | 5.5 | 10.1 | 4.5 | 5.5 | 6.3 | 7.4 | 8.6 | 10.1 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 291.6 | 285.2 | 299.7 | 289.4 | 285.2 | 281.1 | 287.7 | 292.3 | 299.7 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 190.0 | 215.0 | 220.6 | 210.7 | 215.0 | 212.0 | 216.1 | 217.9 | 220.6 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 4.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 19 |
| Money market funds; municipal securities; asset | FL633062000 | 142.8 | 134.0 | 112.6 | 130.3 | 134.0 | 130.7 | 136.5 | 121.4 | 112.6 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 693.6 | 831.0 | 893.1 | 805.2 | 831.0 | 786.2 | 814.7 | 857.5 | 893.1 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 88.4 | 93.2 | 95.2 | 93.4 | 93.2 | 89.6 | 91.8 | 93.2 | 95.2 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 37.0 | 49.3 | 64.5 | 45.4 | 49.3 | 49.3 | 54.3 | 58.3 | 64.5 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | LM403062005 | 3.9 | 3.3 | 2.8 | 3.3 | 3.3 | 3.2 | 3.0 | 3.0 | 2.8 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 20.7 | 16.4 | 6.8 | 20.4 | 16.4 | 13.7 | 8.7 | 10.4 | 6.8 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 0.0 | 0.0 | 6.3 | 0.0 | 0.0 | 0.0 | 1.2 | 1.7 | 6.3 | 26 |
| Rest of the world; municipal securities; asset | FL263062003 | 99.7 | 103.7 | 115.9 | 102.5 | 103.7 | 102.9 | 107.2 | 107.9 | 115.9 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -140.2 | -291.1 | -344.6 | -296.1 | -291.1 | -212.1 | -285.6 | -303.2 | -344.6 | 28 |
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 11, 2021