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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3988.8 | 4066.7 | 4015.5 | 4038.7 | 4057.0 | 4066.7 | 4045.2 | 4049.5 | 4032.8 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3182.7 | 3251.6 | 3207.4 | 3225.8 | 3243.1 | 3251.6 | 3224.3 | 3227.6 | 3216.9 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 46.6 | 32.9 | 43.2 | 36.9 | 30.8 | 32.9 | 27.1 | 23.3 | 25.1 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3136.1 | 3218.7 | 3164.2 | 3189.0 | 3212.2 | 3218.7 | 3197.2 | 3204.2 | 3191.8 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 201.7 | 200.1 | 202.2 | 202.1 | 201.0 | 200.1 | 202.1 | 199.8 | 199.1 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 604.5 | 615.0 | 605.9 | 610.7 | 612.9 | 615.0 | 618.8 | 622.2 | 616.7 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4393.9 | 4429.2 | 4378.0 | 4442.5 | 4411.1 | 4429.2 | 4131.2 | 3980.2 | 3807.9 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1929.6 | 1806.0 | 1889.4 | 1884.7 | 1832.3 | 1806.0 | 1651.4 | 1611.9 | 1544.8 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 16.4 | 16.2 | 16.5 | 16.3 | 16.4 | 15.3 | 14.7 | 14.1 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 4.2 | 4.6 | 4.4 | 4.4 | 4.6 | 4.6 | 4.5 | 4.5 | 4.6 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 18.6 | 22.2 | 19.5 | 20.2 | 21.1 | 22.2 | 22.1 | 22.7 | 23.3 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 583.7 | 630.4 | 591.3 | 607.5 | 616.1 | 630.4 | 608.7 | 598.9 | 579.1 | 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 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 10.1 | 12.3 | 10.9 | 11.5 | 12.0 | 12.3 | 11.9 | 11.6 | 11.8 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 297.9 | 289.4 | 293.1 | 294.6 | 289.5 | 289.4 | 270.9 | 260.0 | 246.2 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 234.2 | 234.9 | 232.0 | 234.9 | 233.3 | 234.9 | 219.4 | 210.8 | 202.2 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.0 | 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 | 125.4 | 110.9 | 117.0 | 112.5 | 106.3 | 110.9 | 113.4 | 117.3 | 113.2 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 891.3 | 990.8 | 913.3 | 956.1 | 974.9 | 990.8 | 911.0 | 823.1 | 774.5 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 94.9 | 98.3 | 95.0 | 96.7 | 96.7 | 98.3 | 90.0 | 85.8 | 80.5 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 63.0 | 83.3 | 67.8 | 74.5 | 78.5 | 83.3 | 83.0 | 89.9 | 87.1 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | LM403062005 | 2.8 | 2.4 | 2.7 | 2.6 | 2.5 | 2.4 | 2.4 | 2.1 | 2.1 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 6.8 | 12.7 | 8.8 | 10.7 | 12.1 | 12.7 | 11.0 | 10.1 | 14.8 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 6.3 | 4.1 | 6.1 | 4.8 | 4.4 | 4.1 | 2.9 | 2.9 | 2.9 | 26 |
| Rest of the world; municipal securities; asset | FL263062003 | 108.6 | 110.4 | 110.5 | 110.2 | 110.3 | 110.4 | 113.2 | 113.8 | 106.7 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -405.1 | -362.5 | -362.5 | -403.8 | -354.0 | -362.5 | -86.0 | 69.3 | 224.8 | 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, 2022