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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3894.3 | 3978.7 | 3900.8 | 3921.5 | 3956.4 | 3978.7 | 4005.1 | 4027.9 | 4035.6 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3094.9 | 3185.6 | 3101.7 | 3123.5 | 3158.9 | 3185.6 | 3210.9 | 3228.9 | 3235.7 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 44.8 | 46.5 | 43.0 | 41.2 | 44.8 | 46.5 | 43.1 | 36.8 | 30.8 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3050.1 | 3139.1 | 3058.7 | 3082.3 | 3114.1 | 3139.1 | 3167.8 | 3192.1 | 3204.9 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 212.8 | 202.5 | 209.8 | 207.6 | 206.2 | 202.5 | 203.2 | 202.9 | 201.8 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 586.6 | 590.6 | 589.2 | 590.4 | 591.3 | 590.6 | 591.0 | 596.0 | 598.1 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4187.7 | 4344.4 | 4118.8 | 4218.1 | 4275.4 | 4344.4 | 4324.9 | 4386.5 | 4344.2 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1931.4 | 1951.7 | 1909.2 | 1932.9 | 1940.3 | 1951.7 | 1911.1 | 1902.8 | 1842.5 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 25.1 | 23.8 | 24.4 | 24.7 | 25.1 | 25.0 | 25.4 | 25.1 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 5.9 | 6.4 | 6.1 | 6.4 | 6.4 | 6.4 | 6.6 | 6.6 | 6.7 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 16.7 | 18.6 | 16.5 | 17.8 | 18.2 | 18.6 | 19.5 | 20.2 | 21.1 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 471.7 | 512.6 | 484.0 | 501.5 | 504.9 | 512.6 | 516.8 | 529.6 | 536.4 | 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 | 0.1 | 1.2 | 1.2 | 1.0 | 0.1 | 0.1 | 0.1 | 0.1 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 5.5 | 10.1 | 6.3 | 7.4 | 8.6 | 10.1 | 10.9 | 11.5 | 11.7 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 285.2 | 297.9 | 281.5 | 287.5 | 291.1 | 297.9 | 294.3 | 296.9 | 293.0 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 215.0 | 234.2 | 214.8 | 222.1 | 227.4 | 234.2 | 231.6 | 234.1 | 232.2 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 19 |
| Money market funds; municipal securities; asset | FL633062000 | 134.0 | 112.6 | 130.7 | 136.5 | 121.4 | 112.6 | 103.8 | 99.2 | 93.2 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 831.0 | 891.3 | 786.2 | 814.7 | 857.5 | 891.3 | 913.3 | 956.1 | 971.6 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 93.2 | 94.9 | 89.4 | 91.5 | 92.9 | 94.9 | 95.0 | 96.7 | 98.3 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 49.3 | 64.5 | 49.3 | 54.3 | 58.3 | 64.5 | 69.2 | 76.0 | 80.4 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | LM403062005 | 3.3 | 2.8 | 3.2 | 3.0 | 3.0 | 2.8 | 2.7 | 2.6 | 2.5 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 16.4 | 6.8 | 13.7 | 8.7 | 10.4 | 6.8 | 8.8 | 10.7 | 12.1 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 0.0 | 6.3 | 0.0 | 1.2 | 1.7 | 6.3 | 6.1 | 4.8 | 4.4 | 26 |
| Rest of the world; municipal securities; asset | FL263062003 | 103.7 | 108.5 | 102.9 | 107.0 | 107.5 | 108.5 | 110.2 | 113.2 | 112.9 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -293.4 | -365.7 | -218.0 | -296.6 | -319.0 | -365.7 | -319.9 | -358.6 | -308.6 | 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: December 9, 2021