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 | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3906.3 | 3992.0 | 4069.4 | 4015.6 | 4052.0 | 4055.8 | 4039.1 | 4015.6 | 4019.5 | 1 |
| 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 | 2 |
| 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 | 3 |
| 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 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 212.5 | 202.6 | 201.1 | 200.3 | 203.1 | 200.7 | 200.0 | 200.3 | 200.3 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 600.6 | 606.0 | 616.8 | 617.7 | 620.9 | 624.1 | 618.5 | 617.7 | 617.8 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4211.3 | 4406.9 | 4440.4 | 3870.7 | 4133.3 | 3972.1 | 3790.0 | 3870.7 | 3945.3 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1910.2 | 1932.7 | 1796.8 | 1609.7 | 1645.4 | 1603.3 | 1531.4 | 1609.7 | 1668.5 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 16.3 | 27.3 | 23.8 | 25.4 | 24.4 | 23.3 | 23.8 | 24.2 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 3.8 | 4.6 | 5.0 | 5.0 | 4.8 | 4.9 | 4.9 | 5.0 | 5.0 | 10 |
| 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 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 507.7 | 583.7 | 631.3 | 580.0 | 609.6 | 599.7 | 579.9 | 580.0 | 566.7 | 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 | 1.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 5.5 | 10.1 | 12.3 | 11.2 | 11.9 | 11.6 | 11.0 | 11.2 | 11.4 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 285.2 | 297.9 | 289.4 | 246.1 | 271.8 | 260.7 | 244.9 | 246.1 | 242.8 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 215.0 | 234.2 | 234.9 | 192.2 | 215.2 | 204.1 | 191.4 | 192.2 | 195.2 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.1 | 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 | 139.5 | 125.4 | 110.9 | 117.9 | 113.4 | 117.3 | 113.2 | 117.9 | 114.4 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 831.0 | 891.3 | 990.8 | 745.8 | 911.0 | 823.1 | 774.2 | 745.8 | 769.7 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 93.2 | 94.9 | 98.3 | 82.4 | 90.0 | 85.8 | 80.5 | 82.4 | 84.4 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 48.3 | 63.0 | 83.3 | 104.4 | 83.0 | 89.9 | 87.0 | 104.4 | 106.0 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | LM403062005 | 3.3 | 2.8 | 2.4 | 2.2 | 2.4 | 2.2 | 2.2 | 2.2 | 2.2 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 16.4 | 6.8 | 12.7 | 12.0 | 11.0 | 10.1 | 14.8 | 12.0 | 11.0 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 0.0 | 6.3 | 4.1 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 26 |
| Rest of the world; municipal securities; asset | LM263062003 | 110.3 | 118.3 | 118.7 | 109.0 | 113.2 | 109.2 | 105.1 | 109.0 | 112.4 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -305.1 | -414.9 | -371.0 | 144.9 | -81.3 | 83.7 | 249.0 | 144.9 | 74.2 | 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: June 8, 2023