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 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3894.0 | 3904.1 | 3988.2 | 4064.3 | 4014.7 | 4037.9 | 4055.0 | 4064.3 | 4041.3 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3099.8 | 3096.6 | 3185.3 | 3252.3 | 3209.9 | 3228.4 | 3244.3 | 3252.3 | 3223.3 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 38.1 | 44.8 | 46.6 | 32.9 | 43.1 | 36.8 | 30.8 | 32.9 | 27.1 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3061.7 | 3051.8 | 3138.8 | 3219.3 | 3166.8 | 3191.5 | 3213.5 | 3219.3 | 3196.2 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 214.9 | 212.0 | 202.0 | 200.3 | 202.6 | 202.5 | 201.3 | 200.3 | 202.3 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 579.4 | 595.5 | 600.8 | 611.7 | 602.2 | 607.1 | 609.4 | 611.7 | 615.6 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4033.1 | 4203.0 | 4393.6 | 4427.4 | 4377.6 | 4442.2 | 4409.7 | 4427.4 | 4127.9 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1882.8 | 1908.4 | 1929.5 | 1804.6 | 1889.3 | 1883.9 | 1832.0 | 1804.6 | 1669.6 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 18.5 | 24.2 | 16.3 | 16.4 | 16.2 | 16.5 | 16.3 | 16.4 | 15.3 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 5.6 | 3.8 | 4.2 | 4.6 | 4.4 | 4.4 | 4.6 | 4.6 | 4.5 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 16.8 | 16.7 | 18.6 | 22.2 | 19.5 | 20.2 | 21.1 | 22.2 | 22.1 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 527.5 | 507.7 | 583.7 | 630.4 | 591.3 | 607.5 | 616.1 | 630.4 | 608.8 | 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 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 4.8 | 5.5 | 10.1 | 12.3 | 10.9 | 11.5 | 12.0 | 12.3 | 12.4 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 291.6 | 285.2 | 297.9 | 289.4 | 293.1 | 294.6 | 289.5 | 289.4 | 270.9 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 190.0 | 215.0 | 234.2 | 234.9 | 232.0 | 234.9 | 233.3 | 234.9 | 219.4 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.0 | 0.1 | 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 | 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 | 147.6 | 139.5 | 125.4 | 110.9 | 117.0 | 112.5 | 106.3 | 110.9 | 113.4 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 693.6 | 831.0 | 891.3 | 990.8 | 913.3 | 956.1 | 974.9 | 990.8 | 900.5 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 88.4 | 93.2 | 94.9 | 98.5 | 95.0 | 96.7 | 97.0 | 98.5 | 90.1 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 36.3 | 48.3 | 63.0 | 83.3 | 67.8 | 74.5 | 78.5 | 83.3 | 82.8 | 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 | 2.4 | 2.7 | 2.6 | 2.5 | 2.4 | 2.4 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 20.7 | 16.4 | 6.8 | 12.7 | 8.8 | 10.7 | 12.1 | 12.7 | 11.0 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 0.0 | 0.0 | 6.3 | 4.1 | 6.1 | 4.8 | 4.4 | 4.1 | 2.9 | 26 |
| Rest of the world; municipal securities; asset | FL263062003 | 99.7 | 103.7 | 108.5 | 109.8 | 110.2 | 110.7 | 109.0 | 109.8 | 101.7 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -139.1 | -298.8 | -405.5 | -363.2 | -362.9 | -404.2 | -354.7 | -363.2 | -86.6 | 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: June 9, 2022