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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3997.9 | 4076.9 | 4023.8 | 4059.6 | 4063.8 | 4047.3 | 4023.8 | 4027.6 | 4043.1 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3188.2 | 3257.4 | 3204.2 | 3233.8 | 3237.2 | 3227.1 | 3204.2 | 3207.9 | 3218.4 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 46.6 | 32.9 | 25.4 | 27.1 | 23.3 | 24.9 | 25.4 | 24.6 | 23.7 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3141.6 | 3224.5 | 3178.7 | 3206.7 | 3213.9 | 3202.2 | 3178.7 | 3183.3 | 3194.7 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 202.9 | 201.5 | 200.7 | 203.6 | 201.2 | 200.4 | 200.7 | 200.7 | 202.9 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 606.8 | 617.9 | 618.9 | 622.2 | 625.4 | 619.7 | 618.9 | 619 | 621.9 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4413.2 | 4448.2 | 3878.3 | 4140.8 | 3979.6 | 3797.4 | 3878.3 | 3952.1 | 3941.3 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1939 | 1804.7 | 1618.3 | 1652.7 | 1611.5 | 1539.1 | 1618.3 | 1683.2 | 1695.1 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 27.3 | 23.8 | 25.4 | 24.4 | 23.3 | 23.8 | 24.2 | 24.2 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 4.6 | 5 | 5 | 4.8 | 4.9 | 4.9 | 5 | 5.1 | 5.1 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 18.6 | 22.2 | 25.9 | 22.1 | 22.7 | 23.3 | 25.9 | 28.5 | 30.4 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 583.7 | 631.3 | 580 | 609.6 | 599.7 | 579.9 | 580 | 566.8 | 548.3 | 12 |
| Foreign banking offices in the U.S.; municipal securities; asset | LM753062003 | 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 | 10.8 | 11.9 | 11.6 | 11 | 10.8 | 11 | 11.1 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 297.9 | 289.4 | 246.1 | 271.8 | 260.7 | 244.9 | 246.1 | 242.8 | 233.7 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 234.2 | 234.9 | 192.2 | 215.2 | 204.1 | 191.4 | 192.2 | 195.2 | 191.1 | 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 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Money market funds; municipal securities; asset | FL633062000 | 125.4 | 110.9 | 117.9 | 113.4 | 117.3 | 113.2 | 117.9 | 114.4 | 121.1 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 891.3 | 990.8 | 745.8 | 911 | 823.1 | 774.3 | 745.8 | 764.9 | 762.9 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 94.9 | 98.3 | 82.4 | 90 | 85.8 | 80.5 | 82.4 | 83.5 | 82.2 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 63 | 83.3 | 104.4 | 83 | 89.9 | 87 | 104.4 | 105.7 | 107.2 | 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 | 2.2 | 2.4 | 2.2 | 2.2 | 2.2 | 2.2 | 2.1 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 6.8 | 12.7 | 12 | 11 | 10.1 | 14.8 | 12 | 11 | 15.5 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 6.3 | 4.1 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 26 |
| Rest of the world; municipal securities; asset | LM263062003 | 118.3 | 118.7 | 108.4 | 113.3 | 108.5 | 104.8 | 108.4 | 110.6 | 108.4 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -415.3 | -371.4 | 145.4 | -81.1 | 84.1 | 249.8 | 145.4 | 75.5 | 101.9 | 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: September 11, 2023