F.107 State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description Series code 2020 2021 2022 2023 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 Line
State and local governments; current receipts, NIPA basis FA216010105 3078 3577.9 3662.4 3627.1 3670.3 3584.3 3587.6 3666.2 3680.1 1
State and local governments; personal current taxes FA216210001 503 594 632.9 570.2 582.7 528.8 576.6 592.6 564.8 2
State and local governments; taxes on production and imports, receivable (IMA) FA216240001 1365.2 1493.3 1616 1659.3 1654.1 1646.2 1659.2 1677.6 1683.8 3
State and local governments; taxes on corporate income (accrual basis) FA216231001 72.9 110.9 158.6 159.4 172.5 150.7 148.7 165.7 164.9 4
State and local governments; contributions for government social insurance received FA216601001 20 22.2 22.5 21.9 21.5 21.4 21.9 22.8 24.3 5
State and local governments; property income (received) FA216150105 94.8 93.8 97.6 100.3 99.8 100.6 100.1 100.6 100.2 6
State and local governments; other current transfer received FA216403105 1029.3 1277 1138 1133.6 1154.7 1154.8 1100.3 1124.7 1160.1 7
State and local governments; operating surplus, net FA216402101 -7.1 -13.3 -3.2 -17.5 -14.9 -18 -19 -17.9 -18 8
State and local governments; current expenditures FA216900005 3129.9 3334.6 3602.1 3777.2 3733.7 3769 3800.8 3805.2 3888.7 9
State and local governments; consumption expenditures FA216901001 2019.7 2149.9 2341.1 2423.5 2399.1 2388.3 2443.9 2462.6 2501.1 10
State and local governments; social contributions paid FA216404001 815.7 900.7 1012.3 1061.5 1055.7 1087.5 1057.6 1045.2 1100.2 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 293.9 280.9 248 291.5 278.2 292.5 298.6 296.7 286.6 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 -51.9 243.4 60.4 -150.1 -63.4 -184.7 -213.2 -139.1 -208.7 15
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) FA216300001 308.4 333 371.5 393.2 389.7 391.7 394.4 397.1 400.8 16
State and local governments; net capital transfers paid (1) FA215440005 -83.8 -82.9 -229.8 -95.5 -89 -95.7 -99.7 -97.7 -99.1 17
State and local governments; gross saving less net capital transfers paid FA216000105 340.3 659.3 661.6 338.6 415.4 302.6 280.9 355.7 291.3 18
State and local governments; gross investment FA215090005 408.1 681.1 649.3 364.8 393.1 334.3 372.4 359.2 327.4 19
State and local governments; gross fixed investment (NIPA basis) FA215019001 451.7 448.8 470.2 549.9 514.2 537.2 559 589.3 599.1 20
State and local governments; acquisition of nonproduced nonfinancial assets (net) FA215420003 17.4 18.3 19.1 19.8 19.5 19.7 19.8 20 20.2 21
State and local governments; net lending (+) or borrowing (-) (financial account) FA215000005 -61 214 160 -204.9 -140.5 -222.6 -206.4 -250 -291.9 22
State and local governments; total financial assets FA214090005 347.9 588.7 407.3 118.4 199.6 169.3 86.5 18.3 111.7 23
State and local governments; checkable deposits and currency; asset FA213020005 90.8 115.9 14.7 15.1 0.5 -10.3 7 63.4 15.5 24
State and local governments; total time and savings deposits; asset FA213030000 -9.5 -30.8 -12.4 3.8 4.3 45.8 -28.8 -6 38.9 25
State and local governments; money market fund shares; asset FA213034003 13.7 15.3 9.8 6.8 17.2 3.4 4.2 2.3 3.3 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 181.7 338.4 346.1 99 212.5 137.9 48.5 -2.9 26.5 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, excluding SLGS; asset FA213061103 253.3 390 309.9 94.3 183.2 113 64.2 16.8 19.8 30
State and local governments; agency- and GSE-backed securities; asset FA213061703 -71.4 -39.8 36.3 3 13.7 6.3 -2.9 -4.9 -2.4 31
State and local governments; municipal securities; asset FA213062003 1.5 3.8 6.4 -0.4 8.1 8.8 -8.5 -9.8 7.6 32
State and local governments; corporate and foreign bonds; asset FA213063003 -1.2 -19.5 -10.5 -2 3.5 5.8 -8.2 -9 -2.5 33
State and local governments; loans; asset FA214023005 43 1.6 -2.1 -0.4 5.9 9.1 20.5 -36.9 13.6 34
State and local governments; total mortgages; asset FA213065005 5 7.7 7.7 8 7.8 7.9 8.1 8.3 8.5 35
State and local governments; State and local government series securities (MSPD); asset (2) FA213069200 38 -6.1 -9.8 -8.4 -1.8 1.2 12.4 -45.2 5.1 36
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 37
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 38
State and local governments; trade receivables; asset FA213070003 -12.8 46 31.1 -2.2 -32.5 5.8 34.7 -17 -14.7 39
State and local governments; taxes receivable; asset FA213078005 9.4 29.4 11.5 6 2.3 7.1 8.4 6.1 1.7 40
State and local governments; unidentified miscellaneous assets FA213093003 18.1 65.1 0.9 -17.5 -18.3 -37.4 -15.8 1.6 19 41
State and local governments; total liabilities FA214190005 408.9 374.6 247.3 323.3 340.1 391.9 292.9 268.3 403.7 42
State and local governments; municipal securities; liability FA213162005 92.9 68.5 -51.4 20.7 38.7 90.7 -10 -36.8 97.8 43
State and local governments; short-term municipal securities; liability (3) FA213162400 1.7 -13.7 -7.5 1.4 -1.7 6.8 10.9 -10.3 5.7 44
State and local governments; long-term municipal securities; liability FA213162200 91.1 82.1 -44 19.2 40.4 83.9 -20.9 -26.5 92.1 45
State and local governments; U.S. government loans; liability FA213169203 1 0.5 0.7 1 1.1 0.8 0.5 1.5 1.2 46
State and local governments; trade payables; liability FA213170003 53.4 57.5 64.9 68.5 67.1 67.3 69.2 70.5 71.5 47
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) FA223073045 261.6 248.2 233.2 233.1 233.1 233.1 233.1 233.1 233.1 48
State and local governments; sector discrepancy FA217005005 -67.8 -21.9 12.3 -26.1 22.3 -31.7 -91.6 -3.5 -36.1 49

NOTES

  1. Table F.5, line 65.
  2. State and Local Government Series (SLGS) nonmarketable Treasury securities classified as loans.
  3. Debt with original maturity of 13 months or less.
  4. Included in miscellaneous liabilities.
Last Update: June 7, 2024