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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 3095.6 | 3525 | 3526.7 | 3518.4 | 3523.3 | 3517.2 | 3548.1 | 3513.4 | 3425.3 | 1 |
| State and local governments; personal current taxes | FA216210001 | 506 | 553.8 | 587 | 581.3 | 589.8 | 594.8 | 582.2 | 518.4 | 467.6 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1370.5 | 1488.8 | 1570.7 | 1547.7 | 1566.1 | 1582.3 | 1586.6 | 1603.6 | 1606.9 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 74.6 | 95.8 | 123.4 | 165.9 | 109.8 | 100.7 | 117.1 | 129.8 | 90.3 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.6 | 22.8 | 23.9 | 23.4 | 23.6 | 23.9 | 24.5 | 25.4 | 25.6 | 5 |
| State and local governments; property income (received) | FA216150105 | 104.5 | 106.7 | 109.1 | 108.1 | 108.4 | 109.2 | 110.5 | 111.1 | 112.2 | 6 |
| State and local governments; other current transfer received | FA216403105 | 1020.8 | 1256.3 | 1113.1 | 1088.3 | 1123.7 | 1107.3 | 1133 | 1133.6 | 1133.7 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -1.3 | 0.5 | -0.3 | 3.7 | 1.9 | -1.1 | -5.8 | -8.4 | -10.9 | 8 |
| State and local governments; current expenditures | FA216900005 | 3082.3 | 3300.1 | 3574.6 | 3451.1 | 3561.2 | 3597.2 | 3688.9 | 3681.9 | 3710.9 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1968.8 | 2106.9 | 2322.1 | 2238.5 | 2325.6 | 2346 | 2378.2 | 2396.6 | 2396.8 | 10 |
| State and local governments; social contributions paid | FA216404001 | 817 | 902.8 | 981.6 | 934.7 | 962.7 | 982.9 | 1045.9 | 1023.2 | 1054 | 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 | 12 |
| State and local governments; interest paid (IMA) | FA216130001 | 295.9 | 287.2 | 270.3 | 277.2 | 272.2 | 267.6 | 264.1 | 261.5 | 259.5 | 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 | -47.8 | 67.4 | -37.9 | -80 | -140.8 | -168.6 | -285.6 | 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 | 352.9 | 365.5 | 375.3 | 381.7 | 387.7 | 389.8 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -83.7 | -83.1 | -228.5 | -79.7 | -547.1 | -148.9 | -138.5 | -84 | -90.6 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 398.2 | 632.4 | 549.6 | 500 | 874.8 | 444.1 | 379.4 | 303 | 194.7 | 18 |
| State and local governments; gross investment | FA215090005 | 398.2 | 649.9 | 673.4 | 660 | 955.1 | 517 | 561.5 | 429.2 | 367.5 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 439.6 | 444.6 | 479.4 | 459.7 | 464.5 | 490 | 503.4 | 521.1 | 542.1 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 16.6 | 17 | 17.6 | 17.4 | 17.6 | 17.6 | 17.7 | 17.6 | 17.8 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -58 | 188.3 | 176.5 | 182.9 | 473.1 | 9.4 | 40.4 | -109.6 | -192.5 | 22 |
| State and local governments; total financial assets | FA214090005 | 349.5 | 555.3 | 401.9 | 379.9 | 803.9 | 271.6 | 152.3 | 209.9 | 177.5 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | 90.8 | 115.9 | 14.6 | 25.2 | 53.3 | -16.2 | -3.7 | -0 | -12.3 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | -9.5 | -30.8 | -12.4 | 5.4 | -69.5 | -12.4 | 26.9 | 4 | 45.6 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 13.5 | 15.3 | 9.8 | 2.6 | 7.1 | 10.4 | 19.1 | 24.8 | 11.8 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 15.7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 219.8 | 332.4 | 336.3 | 270.1 | 734.1 | 241.2 | 99.9 | 218.6 | 159.1 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | -0.4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 291.3 | 383.9 | 300.1 | 244.7 | 681.5 | 190.3 | 83.8 | 189.4 | 134.2 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | -71.4 | -39.8 | 36.3 | 41.8 | 48.7 | 47.3 | 7.2 | 13.7 | 6.3 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 1.5 | 3.8 | 6.4 | 5.5 | 6 | 6.7 | 7.4 | 8.1 | 8.8 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -1.2 | -19.5 | -10.5 | -26 | -6.1 | -7.2 | -2.6 | 3.5 | 5.8 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 5 | 7.7 | 7.7 | 7.7 | 7.7 | 7.6 | 7.7 | 7.8 | 7.9 | 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 | 25.8 | 54.7 | 43.8 | -1.4 | 6 | -29.1 | 7.8 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 11.2 | 6.3 | 11.5 | 7.9 | 10.6 | 12.7 | 14.7 | 2.3 | 7.1 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 18.1 | 65.1 | 0.9 | -1.5 | 9 | 22 | -26 | -26.3 | -57.4 | 39 |
| State and local governments; total liabilities | FA214190005 | 407.5 | 367.1 | 225.5 | 197 | 330.8 | 262.2 | 111.9 | 319.6 | 369.9 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | 90.7 | 69.2 | -53.3 | -78.4 | 52.5 | -16.9 | -170.2 | 37.9 | 88.3 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 1.7 | -13.7 | -7.5 | -21.7 | -2.7 | 3 | -8.5 | -1.7 | 7 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | 88.9 | 82.9 | -45.8 | -56.7 | 55.1 | -19.9 | -161.7 | 39.6 | 81.3 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 1 | 0.5 | 0.7 | 0.5 | 0.4 | 0 | 2 | 1.1 | 0.8 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 49.9 | 54.3 | 61.8 | 58.7 | 61.8 | 62.9 | 63.9 | 64.4 | 64.6 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 265.9 | 243.1 | 216.2 | 216.2 | 216.2 | 216.2 | 216.2 | 216.2 | 216.2 | 46 |
| State and local governments; sector discrepancy | FA217005005 | 0.1 | -17.5 | -123.9 | -160.1 | -80.3 | -73 | -182.1 | -126.1 | -172.8 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: September 11, 2023