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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 4008.2 | 4087.2 | 4035.6 | 4056.9 | 4039.8 | 4055.8 | 4045.5 | 4056.9 | 4081.2 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3197.2 | 3265.7 | 3214.3 | 3235 | 3218.2 | 3229.3 | 3222 | 3235 | 3252 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 46.6 | 32.9 | 25.5 | 26.9 | 24.6 | 23.6 | 26.4 | 26.9 | 27.9 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3150.7 | 3232.8 | 3188.8 | 3208.1 | 3193.6 | 3205.6 | 3195.6 | 3208.1 | 3224.1 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 203.9 | 202.9 | 201.9 | 204 | 202 | 204.2 | 204.3 | 204 | 206.4 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 607.1 | 618.6 | 619.4 | 618 | 619.6 | 622.3 | 619.2 | 618 | 622.9 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4425.8 | 4460.8 | 3889.6 | 4014.2 | 3963.3 | 3951.9 | 3774.5 | 4014.2 | 4001.2 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1945.3 | 1811.1 | 1620.1 | 1773.9 | 1685.4 | 1694.5 | 1625.1 | 1773.9 | 1779.1 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 16.3 | 27.3 | 28.2 | 29.2 | 28.7 | 28.7 | 27.4 | 29.2 | 28.9 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 4.6 | 4.7 | 5 | 5.1 | 5.1 | 5.1 | 5 | 5.1 | 5.1 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 18.6 | 22.2 | 25.9 | 26.3 | 28.5 | 30.4 | 26.9 | 26.3 | 27.9 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 583.7 | 631.3 | 580 | 531.9 | 566.8 | 548.3 | 519.2 | 531.9 | 515.3 | 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 | 10.7 | 11 | 10.7 | 10.4 | 10.7 | 11.3 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 297.9 | 289.4 | 246.1 | 221.6 | 242.1 | 232.1 | 212.9 | 221.6 | 213.6 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 240.5 | 241.3 | 197.9 | 192.5 | 200 | 195 | 184.3 | 192.5 | 189.1 | 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 | 129.6 | 114.4 | 121 | 121.5 | 129.6 | 127.9 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 891.3 | 990.8 | 745.8 | 756.1 | 764.9 | 763.9 | 727.9 | 756.1 | 765.6 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 94.9 | 98.3 | 81.8 | 81.5 | 83.1 | 81.8 | 77.1 | 81.5 | 80.7 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 63 | 83.3 | 104.4 | 122.6 | 105.7 | 107.5 | 108 | 122.6 | 122.3 | 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 | 2.2 | 2.2 | 2.1 | 2.1 | 2.2 | 2.3 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 6.8 | 12.7 | 12 | 13.5 | 11 | 15.5 | 15 | 13.5 | 15.4 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 6.3 | 4.1 | 2.9 | 0 | 2.9 | 2.9 | 2.9 | 0 | 0 | 26 |
| Rest of the world; municipal securities; asset | LM263062003 | 118.3 | 118.7 | 108.4 | 117.5 | 111.5 | 112.3 | 108.8 | 117.5 | 116.5 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -417.6 | -373.6 | 146 | 42.7 | 76.5 | 103.9 | 271 | 42.7 | 80.1 | 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 7, 2024