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 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 3095.6 | 3525.0 | 3510.3 | 3492.2 | 3413.0 | 3518.4 | 3523.3 | 3517.2 | 3482.2 | 1 |
| State and local governments; personal current taxes | FA216210001 | 506.0 | 553.8 | 587.0 | 534.4 | 570.8 | 581.3 | 589.8 | 594.8 | 582.1 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1370.5 | 1488.8 | 1572.3 | 1503.2 | 1525.7 | 1547.7 | 1566.1 | 1582.3 | 1593.0 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 74.6 | 95.8 | 114.4 | 94.4 | 110.5 | 165.9 | 109.8 | 100.7 | 81.3 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.6 | 22.8 | 23.9 | 23.2 | 23.4 | 23.4 | 23.6 | 23.9 | 24.5 | 5 |
| State and local governments; property income (received) | FA216150105 | 104.5 | 106.7 | 109.0 | 106.9 | 107.6 | 108.1 | 108.4 | 109.2 | 110.2 | 6 |
| State and local governments; other current transfer received | FA216403105 | 1020.8 | 1256.3 | 1104.1 | 1228.9 | 1070.4 | 1088.3 | 1123.7 | 1107.3 | 1096.9 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -1.3 | 0.5 | -0.4 | 1.2 | 4.5 | 3.7 | 1.9 | -1.1 | -5.9 | 8 |
| State and local governments; current expenditures | FA216900005 | 3082.3 | 3300.1 | 3573.5 | 3347.5 | 3378.1 | 3451.1 | 3561.2 | 3597.2 | 3684.7 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1968.8 | 2106.9 | 2321.7 | 2142.5 | 2180.1 | 2238.5 | 2325.6 | 2346.0 | 2376.8 | 10 |
| State and local governments; social contributions paid | FA216404001 | 817.0 | 902.8 | 980.8 | 918.1 | 915.2 | 934.7 | 962.7 | 982.9 | 1043.0 | 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 | 270.3 | 286.2 | 282.1 | 277.2 | 272.2 | 267.6 | 264.2 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.6 | 3.1 | 0.7 | 0.7 | 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 | -63.3 | 144.7 | 34.9 | 67.4 | -37.9 | -80.0 | -202.5 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 301.2 | 324.4 | 368.9 | 328.0 | 338.5 | 352.9 | 365.5 | 375.3 | 381.8 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -83.7 | -83.1 | -228.3 | -89.6 | -79.9 | -79.7 | -547.1 | -148.9 | -137.5 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 398.2 | 632.4 | 533.9 | 562.3 | 453.4 | 500.0 | 874.8 | 444.1 | 316.8 | 18 |
| State and local governments; gross investment | FA215090005 | 414.6 | 640.4 | 617.7 | 563.7 | 526.3 | 613.5 | 917.5 | 473.7 | 466.3 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 439.6 | 444.6 | 479.0 | 445.1 | 453.8 | 459.7 | 464.5 | 490.0 | 501.9 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 16.6 | 17.0 | 17.6 | 17.1 | 17.2 | 17.4 | 17.6 | 17.6 | 17.7 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -41.6 | 178.8 | 121.2 | 101.6 | 55.3 | 136.4 | 435.4 | -33.9 | -53.3 | 22 |
| State and local governments; total financial assets | FA214090005 | 355.0 | 554.8 | 378.9 | 506.8 | 331.0 | 355.7 | 800.5 | 263.5 | 95.9 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | 90.8 | 115.8 | 14.7 | 100.8 | 78.8 | 25.2 | 53.4 | -16.2 | -3.7 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | -9.5 | -31.2 | -12.0 | -35.7 | -51.1 | 5.2 | -69.1 | -11.0 | 26.7 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 13.5 | 15.3 | 0.3 | 11.3 | 21.4 | -7.7 | -2.3 | 1.4 | 9.6 | 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 | 322.3 | 339.8 | 148.0 | 270.1 | 734.1 | 241.2 | 43.9 | 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 | 286.1 | 351.9 | 168.2 | 244.7 | 681.5 | 190.3 | 27.8 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | -71.4 | -39.8 | 36.3 | -34.0 | -30.2 | 41.8 | 48.7 | 47.3 | 7.2 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 1.5 | 3.8 | 6.4 | 4.8 | 4.3 | 5.5 | 6.0 | 6.7 | 7.4 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -1.2 | -19.5 | -10.5 | 13.2 | 1.8 | -26.0 | -6.1 | -7.2 | -2.6 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 5.0 | 7.7 | 7.7 | 7.7 | 7.7 | 7.7 | 7.7 | 7.6 | 7.7 | 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 | -12.8 | 35.7 | 27.1 | 33.2 | 54.3 | 41.1 | 49.4 | -1.0 | 19.0 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 16.7 | 6.3 | 10.3 | 4.8 | 16.9 | 7.9 | 10.6 | 11.7 | 10.9 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 18.1 | 65.1 | 0.9 | 37.2 | 47.2 | -1.5 | 9.0 | 22.0 | -26.0 | 39 |
| State and local governments; total liabilities | FA214190005 | 396.5 | 376.0 | 257.8 | 405.2 | 275.7 | 219.3 | 365.1 | 297.4 | 149.2 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | 90.5 | 68.1 | -57.9 | 97.4 | -35.4 | -93.0 | 49.8 | -18.6 | -169.8 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 1.7 | -13.7 | -7.5 | -30.6 | -0.9 | -21.7 | -2.7 | 2.9 | -8.5 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | 88.8 | 81.7 | -50.4 | 128.1 | -34.5 | -71.3 | 52.5 | -21.5 | -161.2 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 1.0 | 0.5 | 0.7 | -0.3 | 1.5 | 0.5 | 0.4 | 0.0 | 2.0 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 49.9 | 54.3 | 61.8 | 54.9 | 56.5 | 58.7 | 61.8 | 62.9 | 63.8 | 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 | -16.4 | -8.0 | -83.8 | -1.4 | -72.9 | -113.6 | -42.7 | -29.6 | -149.6 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: March 9, 2023