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 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3899.4 | 3983.9 | 4060.3 | 4010.5 | 4033.7 | 4050.8 | 4060.3 | 4037.4 | 4041.7 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3088.7 | 3178.2 | 3245.6 | 3202.8 | 3221.2 | 3237.3 | 3245.6 | 3216.7 | 3219.9 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 44.9 | 46.6 | 32.9 | 43.2 | 36.9 | 30.8 | 32.9 | 27.1 | 23.2 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3043.8 | 3131.6 | 3212.7 | 3159.6 | 3184.4 | 3206.5 | 3212.7 | 3189.6 | 3196.6 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 211.4 | 201.5 | 199.7 | 202.0 | 201.9 | 200.8 | 199.7 | 201.9 | 199.6 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 599.3 | 604.2 | 615.0 | 605.7 | 610.5 | 612.8 | 615.0 | 618.7 | 622.2 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4197.8 | 4388.8 | 4422.7 | 4372.8 | 4437.3 | 4404.7 | 4422.7 | 4123.5 | 3973.1 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1903.1 | 1924.5 | 1799.5 | 1884.2 | 1879.5 | 1826.0 | 1799.5 | 1643.8 | 1609.3 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 16.3 | 16.4 | 16.2 | 16.5 | 16.3 | 16.4 | 15.3 | 14.8 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 3.8 | 4.2 | 4.6 | 4.4 | 4.4 | 4.6 | 4.6 | 4.5 | 4.5 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 16.7 | 18.6 | 22.2 | 19.5 | 20.2 | 21.1 | 22.2 | 22.1 | 22.7 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 507.7 | 583.7 | 630.4 | 591.3 | 607.5 | 616.1 | 630.4 | 608.7 | 598.9 | 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 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 5.5 | 10.1 | 12.3 | 10.9 | 11.5 | 12.0 | 12.3 | 11.9 | 11.6 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 285.2 | 297.9 | 289.4 | 293.1 | 294.6 | 289.5 | 289.4 | 270.9 | 260.0 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 215.0 | 234.2 | 234.9 | 232.0 | 234.9 | 233.3 | 234.9 | 219.4 | 210.8 | 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 | 139.5 | 125.4 | 110.9 | 117.0 | 112.5 | 106.3 | 110.9 | 113.4 | 117.3 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 831.0 | 891.3 | 990.8 | 913.3 | 956.1 | 974.9 | 990.8 | 911.0 | 819.4 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 93.2 | 94.9 | 98.3 | 95.0 | 96.7 | 96.7 | 98.3 | 89.9 | 85.9 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 48.3 | 63.0 | 83.3 | 67.8 | 74.5 | 78.5 | 83.3 | 83.0 | 89.6 | 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 | 2.4 | 2.7 | 2.6 | 2.5 | 2.4 | 2.4 | 2.1 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 16.4 | 6.8 | 12.7 | 8.8 | 10.7 | 12.1 | 12.7 | 11.0 | 10.1 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 0.0 | 6.3 | 4.1 | 6.1 | 4.8 | 4.4 | 4.1 | 2.9 | 2.9 | 26 |
| Rest of the world; municipal securities; asset | FL263062003 | 103.8 | 108.6 | 110.4 | 110.5 | 110.2 | 110.3 | 110.4 | 113.2 | 113.1 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -298.4 | -404.8 | -362.4 | -362.3 | -403.6 | -353.9 | -362.4 | -86.2 | 68.6 | 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: September 9, 2022