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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 3095.6 | 3525.0 | 3115.0 | 4079.6 | 3492.2 | 3413.0 | 3518.4 | 3523.3 | 3535.5 | 1 |
| State and local governments; personal current taxes | FA216210001 | 506.0 | 553.8 | 543.6 | 566.6 | 534.4 | 570.8 | 581.3 | 589.8 | 605.4 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1370.5 | 1488.8 | 1427.0 | 1499.4 | 1503.2 | 1525.7 | 1547.7 | 1566.1 | 1589.1 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 74.6 | 95.8 | 88.0 | 90.3 | 94.4 | 110.5 | 165.9 | 109.8 | 101.6 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.6 | 22.8 | 22.0 | 22.7 | 23.2 | 23.4 | 23.4 | 23.6 | 24.0 | 5 |
| State and local governments; property income (received) | FA216150105 | 104.5 | 106.7 | 106.0 | 106.4 | 106.9 | 107.6 | 108.1 | 108.4 | 109.1 | 6 |
| State and local governments; other current transfer received | FA216403105 | 1020.8 | 1256.3 | 930.0 | 1796.2 | 1228.9 | 1070.4 | 1088.3 | 1123.7 | 1107.3 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -1.3 | 0.5 | -1.6 | -2.0 | 1.2 | 4.5 | 3.7 | 1.9 | -1.1 | 8 |
| State and local governments; current expenditures | FA216900005 | 3082.3 | 3300.1 | 3188.4 | 3286.4 | 3347.5 | 3378.1 | 3451.1 | 3561.2 | 3600.4 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1968.8 | 2106.9 | 2026.7 | 2078.4 | 2142.5 | 2180.1 | 2238.5 | 2325.6 | 2344.8 | 10 |
| State and local governments; social contributions paid | FA216404001 | 817.0 | 902.8 | 868.0 | 910.1 | 918.1 | 915.2 | 934.7 | 962.7 | 986.8 | 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 | 295.9 | 287.2 | 291.0 | 289.3 | 286.2 | 282.1 | 277.2 | 272.2 | 268.2 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.6 | 3.1 | 2.5 | 8.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 14 |
| State and local governments; net saving including net capital transfers paid | FA216006005 | 13.3 | 224.9 | -73.3 | 793.3 | 144.7 | 34.9 | 67.4 | -37.9 | -65.0 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 301.2 | 324.4 | 311.3 | 319.9 | 328.0 | 338.5 | 352.9 | 365.5 | 375.2 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -83.7 | -83.1 | -80.6 | -82.2 | -89.6 | -79.9 | -79.7 | -547.1 | -148.5 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 398.2 | 632.4 | 318.5 | 1195.4 | 562.3 | 453.4 | 500.0 | 874.8 | 458.8 | 18 |
| State and local governments; gross investment | FA215090005 | 414.8 | 634.8 | 322.6 | 1116.3 | 577.5 | 522.8 | 595.1 | 825.3 | 544.2 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 439.6 | 444.6 | 441.7 | 438.0 | 445.1 | 453.8 | 459.7 | 464.5 | 484.8 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 16.6 | 17.0 | 16.8 | 16.9 | 17.1 | 17.2 | 17.4 | 17.6 | 17.6 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -41.4 | 173.2 | -135.9 | 661.4 | 115.4 | 51.8 | 117.9 | 343.2 | 41.8 | 22 |
| State and local governments; total financial assets | FA214090005 | 354.9 | 550.0 | 278.5 | 1072.0 | 520.3 | 329.3 | 337.1 | 710.3 | 338.6 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | 90.8 | 115.8 | 79.2 | 204.3 | 100.8 | 78.8 | 25.3 | 53.4 | -16.2 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | -9.5 | -31.2 | 0.0 | -38.1 | -35.7 | -51.1 | 5.1 | -69.1 | -11.2 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 13.5 | 15.3 | 16.3 | 12.2 | 11.3 | 21.4 | -7.7 | -2.3 | 1.4 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 15.7 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 219.8 | 332.4 | 33.2 | 808.5 | 339.8 | 148.0 | 270.1 | 734.1 | 293.2 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | -0.4 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 291.3 | 383.9 | 177.3 | 838.2 | 351.9 | 168.2 | 244.7 | 681.5 | 222.3 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | -71.4 | -39.8 | -84.6 | -10.4 | -34.0 | -30.2 | 41.8 | 48.7 | 67.3 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 1.5 | 3.8 | 4.1 | 2.1 | 4.8 | 4.3 | 5.5 | 6.0 | 6.7 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -1.2 | -19.5 | -67.7 | -25.4 | 13.2 | 1.8 | -26.0 | -6.1 | -7.2 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 5.0 | 7.7 | 7.7 | 7.7 | 7.7 | 7.7 | 7.7 | 7.7 | 7.6 | 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 | -12.9 | 32.0 | 20.2 | 2.1 | 42.6 | 63.0 | 30.4 | 47.0 | 49.7 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 16.7 | 5.3 | 18.1 | -12.4 | 8.8 | 6.5 | -0.1 | -77.2 | -31.7 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 18.1 | 65.1 | 96.1 | 80.0 | 37.2 | 47.2 | -1.5 | 9.0 | 38.0 | 39 |
| State and local governments; total liabilities | FA214190005 | 396.3 | 376.9 | 414.3 | 410.7 | 404.9 | 277.5 | 219.1 | 367.1 | 296.8 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | 90.2 | 69.0 | 108.2 | 104.0 | 97.2 | -33.6 | -93.2 | 51.8 | -19.2 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 1.7 | -13.7 | -12.3 | -10.8 | -30.6 | -0.9 | -21.6 | -2.7 | 3.4 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | 88.5 | 82.6 | 120.6 | 114.8 | 127.8 | -32.6 | -71.5 | 54.5 | -22.6 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 1.0 | 0.5 | 0.7 | 0.0 | -0.3 | 1.5 | 0.5 | 0.4 | 0.3 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 49.9 | 54.3 | 52.3 | 53.5 | 54.9 | 56.5 | 58.7 | 61.8 | 62.6 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 255.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -16.6 | -2.4 | -4.1 | 79.1 | -15.2 | -69.4 | -95.1 | 49.5 | -85.4 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: December 9, 2022