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 | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 4083.8 | 4031.3 | 4052.1 | 4054.3 | 4031.3 | 4035.4 | 4051.2 | 4040.7 | 4052.1 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3262.8 | 3210.4 | 3230.6 | 3232.7 | 3210.4 | 3214.3 | 3225.1 | 3217.7 | 3230.6 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 32.9 | 25.5 | 27 | 24.9 | 25.5 | 24.6 | 23.7 | 26.5 | 27 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3229.8 | 3184.9 | 3203.7 | 3207.8 | 3184.9 | 3189.7 | 3201.4 | 3191.2 | 3203.7 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 202.7 | 201.8 | 203.9 | 201.6 | 201.8 | 201.9 | 204.1 | 204.2 | 203.9 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 618.3 | 619 | 617.6 | 620 | 619 | 619.2 | 621.9 | 618.8 | 617.6 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4457.3 | 3886.2 | 4022.4 | 3804.7 | 3886.2 | 3960.7 | 3950.1 | 3773.6 | 4022.4 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1807.6 | 1620.5 | 1766.3 | 1540.7 | 1620.5 | 1685 | 1693.3 | 1623.6 | 1766.3 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 27.3 | 23.8 | 24.6 | 23.3 | 23.8 | 24.2 | 24.2 | 23.1 | 24.6 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 4.7 | 5 | 5.1 | 4.9 | 5 | 5.1 | 5.1 | 5 | 5.1 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 22.2 | 25.9 | 26.3 | 23.3 | 25.9 | 28.5 | 30.4 | 26.9 | 26.3 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 631.3 | 580 | 531.9 | 579.9 | 580 | 566.8 | 548.3 | 519.2 | 531.9 | 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 | 12.3 | 10.8 | 11.3 | 11 | 10.8 | 11 | 10.7 | 10.4 | 11.3 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 289.4 | 246.1 | 223.8 | 244.9 | 246.1 | 242.8 | 233.7 | 215.2 | 223.8 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 241.3 | 197.9 | 199 | 197.2 | 197.9 | 200.9 | 196.6 | 186.8 | 199 | 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 | 110.9 | 117.9 | 129.6 | 113.2 | 117.9 | 114.4 | 121 | 121.5 | 129.6 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 990.8 | 745.8 | 764.4 | 774.3 | 745.8 | 764.9 | 763.9 | 727.9 | 764.4 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 98.3 | 82.4 | 82.5 | 80.5 | 82.4 | 83.8 | 82.5 | 77.7 | 82.5 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 83.3 | 104.4 | 122.4 | 87 | 104.4 | 105.7 | 107.5 | 108 | 122.4 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | LM403062005 | 2.4 | 2.2 | 2 | 2.2 | 2.2 | 2.2 | 2.1 | 2.1 | 2 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 12.7 | 12 | 13.5 | 14.8 | 12 | 11 | 15.5 | 15 | 13.5 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 4.1 | 2.9 | 0 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 0 | 26 |
| Rest of the world; municipal securities; asset | LM263062003 | 118.7 | 108.4 | 119.7 | 104.8 | 108.4 | 111.5 | 112.3 | 108.2 | 119.7 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -373.4 | 145 | 29.7 | 249.5 | 145 | 74.7 | 101.1 | 267.1 | 29.7 | 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 7, 2024