Financial Accounts of the United States - Z.1
L.107 State and Local Governments
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; total financial assets | FL214090005 | 3426.5 | 3873.1 | 4423.4 | 4489.8 | 4365.2 | 4436.5 | 4386.2 | 4489.8 | 4623.9 | 1 |
| State and local governments; checkable deposits and currency; asset | FL213020005 | 139.1 | 229.9 | 345.7 | 360.4 | 351.2 | 361.0 | 353.4 | 360.4 | 359.3 | 2 |
| State and local governments; total time and savings deposits; asset | FL213030000 | 423.2 | 413.6 | 382.9 | 370.5 | 375.7 | 354.2 | 353.3 | 370.5 | 362.1 | 3 |
| State and local governments; money market fund shares; asset | FL213034003 | 26.5 | 40.0 | 55.3 | 65.1 | 56.0 | 57.7 | 60.3 | 65.1 | 71.3 | 4 |
| State and local governments; security repurchase agreements; asset | FL212051003 | 163.6 | 179.2 | 189.2 | 199.2 | 191.7 | 194.2 | 196.8 | 199.2 | 201.8 | 5 |
| State and local governments; debt securities; asset | LM214022005 | 1638.6 | 1898.1 | 2151.8 | 2231.3 | 2100.2 | 2225.1 | 2187.2 | 2231.3 | 2335.6 | 6 |
| State and local governments; commercial paper; asset | FL213069103 | 77.6 | 77.1 | 81.1 | 85.2 | 82.1 | 83.2 | 84.2 | 85.2 | 86.2 | 7 |
| State and local governments; Treasury securities, including SLGS; asset | LM213061105 | 793.1 | 1111.9 | 1440.7 | 1563.3 | 1420.0 | 1555.5 | 1529.4 | 1563.3 | 1648.8 | 8 |
| State and local governments; agency- and GSE-backed securities; asset | LM213061703 | 539.3 | 466.5 | 415.3 | 410.1 | 406.3 | 408.9 | 406.6 | 410.1 | 420.4 | 9 |
| State and local governments; municipal securities; asset | LM213062003 | 16.7 | 18.6 | 22.2 | 25.9 | 22.1 | 22.7 | 23.3 | 25.9 | 28.5 | 10 |
| State and local governments; corporate and foreign bonds; asset | LM213063003 | 211.9 | 223.9 | 192.4 | 146.9 | 169.7 | 154.9 | 143.7 | 146.9 | 151.8 | 11 |
| State and local governments; total mortgages; asset | FL213065005 | 256.5 | 261.4 | 269.0 | 276.6 | 270.9 | 272.8 | 274.7 | 276.6 | 278.5 | 12 |
| State and local governments; corporate equities; asset | LM213064103 | 214.1 | 250.0 | 306.4 | 239.3 | 288.0 | 237.7 | 225.1 | 239.3 | 254.7 | 13 |
| State and local governments; mutual fund shares; asset | LM213064203 | 98.9 | 112.8 | 128.0 | 105.6 | 120.2 | 105.1 | 99.5 | 105.6 | 111.2 | 14 |
| State and local governments; trade receivables; asset | FL213070003 | 242.4 | 229.6 | 265.3 | 291.9 | 278.9 | 290.5 | 290.2 | 291.9 | 284.5 | 15 |
| State and local governments; taxes receivable; asset | FL213078005 | 179.8 | 196.5 | 202.8 | 222.0 | 205.7 | 209.2 | 211.3 | 222.0 | 243.6 | 16 |
| State and local governments; unidentified miscellaneous assets | FL213093003 | 43.8 | 61.9 | 127.0 | 127.9 | 126.7 | 128.9 | 134.4 | 127.9 | 121.3 | 17 |
| State and local governments; total liabilities | FL214190005 | 8385.4 | 8243.1 | 7941.0 | 8850.0 | 8218.8 | 8717.9 | 9015.2 | 8850.0 | 8884.9 | 18 |
| State and local governments; municipal securities; liability | FL213162005 | 3093.2 | 3183.5 | 3251.6 | 3197.6 | 3228.0 | 3230.9 | 3220.5 | 3197.6 | 3201.4 | 19 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 44.9 | 46.6 | 32.9 | 25.4 | 27.1 | 23.3 | 24.9 | 25.4 | 24.6 | 20 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3048.4 | 3136.9 | 3218.6 | 3172.1 | 3200.9 | 3207.6 | 3195.6 | 3172.1 | 3176.9 | 21 |
| State and local governments; U.S. government loans; liability | FL213169203 | 21.1 | 22.1 | 22.6 | 23.3 | 22.7 | 22.8 | 22.8 | 23.3 | 23.6 | 22 |
| State and local governments; trade payables; liability | FL213170003 | 1051.0 | 1100.9 | 1155.2 | 1217.0 | 1169.9 | 1185.4 | 1201.1 | 1217.0 | 1233.1 | 23 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FL223073045 | 4220.2 | 3936.7 | 3511.7 | 4412.1 | 3798.2 | 4278.8 | 4570.9 | 4412.1 | 4426.8 | 24 |
NOTES
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: June 8, 2023