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 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3991.1 | 4068.3 | 4010.8 | 4059.0 | 4068.3 | 4047.1 | 4050.7 | 4033.8 | 4010.8 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3183.3 | 3251.4 | 3193.5 | 3243.3 | 3251.4 | 3224.1 | 3226.9 | 3216.4 | 3193.5 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 46.6 | 32.9 | 25.4 | 30.8 | 32.9 | 27.1 | 23.3 | 24.9 | 25.4 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3136.7 | 3218.5 | 3168.1 | 3212.5 | 3218.5 | 3197.0 | 3203.6 | 3191.5 | 3168.1 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 202.2 | 200.5 | 199.8 | 201.5 | 200.5 | 202.6 | 200.2 | 199.5 | 199.8 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 605.6 | 616.4 | 617.4 | 614.2 | 616.4 | 620.4 | 623.7 | 618.0 | 617.4 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4396.3 | 4431.0 | 3891.3 | 4413.2 | 4431.0 | 4133.2 | 3981.5 | 3809.0 | 3891.3 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1932.1 | 1806.9 | 1595.0 | 1833.6 | 1806.9 | 1652.5 | 1612.4 | 1538.3 | 1595.0 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 16.4 | 16.7 | 16.3 | 16.4 | 15.3 | 14.7 | 14.1 | 16.7 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 4.2 | 4.6 | 4.6 | 4.6 | 4.6 | 4.5 | 4.5 | 4.6 | 4.6 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 18.6 | 22.2 | 25.9 | 21.1 | 22.2 | 22.1 | 22.7 | 23.3 | 25.9 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 583.7 | 631.3 | 579.9 | 616.9 | 631.3 | 609.5 | 599.6 | 579.8 | 579.9 | 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 | 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 | 11.7 | 12.0 | 12.3 | 11.9 | 11.6 | 11.0 | 11.7 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 297.9 | 289.4 | 256.4 | 289.5 | 289.4 | 270.9 | 260.0 | 246.2 | 256.4 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 234.2 | 234.9 | 212.8 | 233.3 | 234.9 | 219.4 | 210.8 | 202.2 | 212.8 | 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 | 117.9 | 106.3 | 110.9 | 113.4 | 117.3 | 113.2 | 117.9 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 891.3 | 990.8 | 758.4 | 974.9 | 990.8 | 911.0 | 823.1 | 774.2 | 758.4 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 94.9 | 98.3 | 82.4 | 96.7 | 98.3 | 90.0 | 85.8 | 80.5 | 82.4 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 63.0 | 83.3 | 104.0 | 78.5 | 83.3 | 83.0 | 89.9 | 87.0 | 104.0 | 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 | 2.1 | 2.5 | 2.4 | 2.4 | 2.1 | 2.1 | 2.1 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 6.8 | 12.7 | 12.0 | 12.1 | 12.7 | 11.0 | 10.1 | 14.8 | 12.0 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 6.3 | 4.1 | 2.9 | 4.4 | 4.1 | 2.9 | 2.9 | 2.9 | 2.9 | 26 |
| Rest of the world; municipal securities; asset | FL263062003 | 108.6 | 110.4 | 108.6 | 110.3 | 110.4 | 113.2 | 113.8 | 114.9 | 108.6 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -405.2 | -362.7 | 119.5 | -354.1 | -362.7 | -86.1 | 69.3 | 224.8 | 119.5 | 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: March 9, 2023