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 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2650.6 | 2793.1 | 3096.6 | 2856.3 | 3550.7 | 2979.2 | 3000.2 | 3100.7 | 4071.0 | 1 |
| State and local governments; personal current taxes | FA216210001 | 459.8 | 496.5 | 515.9 | 503.8 | 517.5 | 519.6 | 522.8 | 560.2 | 623.3 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1298.1 | 1357.6 | 1376.6 | 1391.3 | 1322.2 | 1392.7 | 1400.4 | 1413.9 | 1462.6 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 60.5 | 72.9 | 71.0 | 66.5 | 61.9 | 76.8 | 78.8 | 85.5 | 90.6 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.4 | 20.4 | 19.9 | 20.1 | 19.1 | 19.9 | 20.5 | 21.2 | 21.9 | 5 |
| State and local governments; property income (received) | FA216150105 | 94.3 | 96.8 | 96.4 | 96.0 | 96.3 | 96.1 | 97.3 | 97.7 | 98.0 | 6 |
| State and local governments; other current transfer received | FA216403105 | 725.4 | 759.6 | 1033.5 | 792.3 | 1552.5 | 891.7 | 897.7 | 939.9 | 1788.1 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -8.0 | -10.7 | -16.8 | -13.7 | -18.9 | -17.5 | -17.3 | -17.6 | -13.4 | 8 |
| State and local governments; current expenditures | FA216900005 | 2846.4 | 2942.1 | 3020.5 | 2990.8 | 2997.2 | 3045.5 | 3048.4 | 3112.5 | 3207.8 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1830.0 | 1876.5 | 1916.5 | 1934.3 | 1897.3 | 1909.9 | 1924.7 | 1966.5 | 2015.3 | 10 |
| State and local governments; social contributions paid | FA216404001 | 729.7 | 758.7 | 808.3 | 755.9 | 803.8 | 842.2 | 831.1 | 850.0 | 890.5 | 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 | 286.1 | 306.2 | 295.0 | 300.0 | 295.4 | 292.8 | 291.9 | 293.4 | 293.4 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 2.5 | 8.6 | 14 |
| State and local governments; net saving including net capital transfers paid | FA216006005 | -195.8 | -149.0 | 76.1 | -134.6 | 553.6 | -66.3 | -48.2 | -11.8 | 863.2 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 280.5 | 293.7 | 302.8 | 299.6 | 300.3 | 304.5 | 306.9 | 312.0 | 320.5 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -72.2 | -73.9 | -82.7 | -78.4 | -85.0 | -84.5 | -82.8 | -81.2 | -83.0 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 156.9 | 218.6 | 461.6 | 243.5 | 938.9 | 322.7 | 341.4 | 381.4 | 1266.6 | 18 |
| State and local governments; gross investment | FA215090005 | 256.3 | 178.3 | 446.9 | 271.2 | 849.2 | 240.2 | 426.8 | 354.9 | 1177.4 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 403.0 | 422.5 | 441.2 | 442.7 | 437.3 | 436.6 | 448.3 | 442.2 | 437.4 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 16.1 | 16.8 | 17.3 | 17.0 | 17.2 | 17.4 | 17.7 | 17.9 | 18.2 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -162.8 | -260.9 | -11.7 | -188.5 | 394.7 | -213.8 | -39.2 | -105.2 | 721.8 | 22 |
| State and local governments; total financial assets | FA214090005 | 68.9 | 33.0 | 378.0 | 91.1 | 802.2 | 267.9 | 350.6 | 314.1 | 1146.8 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | -7.6 | 6.2 | 90.8 | 15.6 | 112.6 | 56.2 | 178.9 | 77.8 | 205.2 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 7.9 | 19.8 | -9.6 | 54.6 | 18.2 | 12.3 | -123.4 | 0.9 | -39.0 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | -2.1 | 6.8 | 7.9 | 23.3 | 11.9 | -4.0 | 0.5 | 5.2 | 1.2 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 1.1 | -1.3 | 19.3 | -8.7 | 51.5 | 18.5 | 15.9 | 25.0 | 25.5 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 8.9 | 48.2 | 224.8 | 80.9 | 551.4 | 49.8 | 217.3 | 146.9 | 858.3 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | 0.5 | -0.6 | 1.7 | -4.1 | -5.6 | 8.8 | 7.5 | 15.7 | 23.8 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | -12.4 | 51.4 | 291.3 | 41.7 | 728.8 | 138.7 | 256.1 | 227.3 | 830.6 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 5.6 | 2.4 | -71.4 | 12.3 | -199.8 | -48.7 | -49.4 | -94.6 | -32.8 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 0.5 | -0.9 | 1.5 | 0.1 | 3.9 | 1.4 | 0.5 | 4.1 | 2.1 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | 14.6 | -4.1 | 1.8 | 30.9 | 24.0 | -50.3 | 2.5 | -5.7 | 34.6 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 2.1 | -1.9 | 5.3 | -13.6 | 12.9 | 13.0 | 8.9 | 7.6 | 4.1 | 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 | 19.1 | 14.3 | -20.1 | -25.2 | 62.8 | 39.9 | 23.3 | 38.3 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 19.7 | 9.6 | 13.1 | 17.5 | 23.0 | 10.7 | 1.2 | 15.5 | -0.8 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 18.3 | -71.2 | 14.1 | -56.2 | 48.3 | 50.9 | 13.5 | 14.1 | 56.0 | 39 |
| State and local governments; total liabilities | FA214190005 | 231.7 | 293.9 | 389.6 | 279.5 | 407.5 | 481.7 | 389.8 | 419.3 | 425.0 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | -40.5 | -2.9 | 88.6 | 27.5 | 107.2 | 171.4 | 48.4 | 112.1 | 101.0 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 2.9 | 6.8 | 1.9 | -6.0 | 8.7 | 4.7 | 0.1 | -12.1 | -11.6 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -43.4 | -9.7 | 86.8 | 33.5 | 98.4 | 166.8 | 48.3 | 124.2 | 112.7 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 1.1 | 1.0 | 1.0 | 0.4 | 0.7 | 1.8 | 1.1 | 0.7 | 0.0 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 47.3 | 48.6 | 48.4 | 49.1 | 46.8 | 48.2 | 49.5 | 50.9 | 51.9 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 223.9 | 247.2 | 251.6 | 202.5 | 252.8 | 260.3 | 290.7 | 255.7 | 272.1 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -99.4 | 40.2 | 14.8 | -27.7 | 89.6 | 82.5 | -85.3 | 26.5 | 89.2 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: September 23, 2021