F.107 State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description Series code 2021 2022 2023 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 Line
State and local governments; current receipts, NIPA basis FA216010105 3577.9 3662.4 3627.1 3670.3 3584.3 3587.6 3666.2 3708.8 3701.9 1
State and local governments; personal current taxes FA216210001 594 632.9 570.2 582.7 528.8 576.6 592.6 584.4 597.7 2
State and local governments; taxes on production and imports, receivable (IMA) FA216240001 1493.3 1616 1659.3 1654.1 1646.2 1659.2 1677.6 1688 1711.4 3
State and local governments; taxes on corporate income (accrual basis) FA216231001 110.9 158.6 159.4 172.5 150.7 148.7 165.7 169.1 162.7 4
State and local governments; contributions for government social insurance received FA216601001 22.2 22.5 21.9 21.5 21.4 21.9 22.8 24.3 25.7 5
State and local governments; property income (received) FA216150105 93.8 97.6 100.3 99.8 100.6 100.1 100.6 101 99.5 6
State and local governments; other current transfer received FA216403105 1277 1138 1133.6 1154.7 1154.8 1100.3 1124.7 1160 1122.9 7
State and local governments; operating surplus, net FA216402101 -13.3 -3.2 -17.5 -14.9 -18 -19 -17.9 -18 -17.9 8
State and local governments; current expenditures FA216900005 3334.6 3602.1 3777.2 3733.7 3769 3800.8 3805.2 3883.2 3927.8 9
State and local governments; consumption expenditures FA216901001 2149.9 2341.1 2423.5 2399.1 2388.3 2443.9 2462.6 2501 2525 10
State and local governments; social contributions paid FA216404001 900.7 1012.3 1061.5 1055.7 1087.5 1057.6 1045.2 1094.8 1123.3 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 280.9 248 291.5 278.2 292.5 298.6 296.7 286.7 278.8 13
State and local governments; subsidies paid FA216402001 3.1 0.7 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 243.4 60.4 -150.1 -63.4 -184.7 -213.2 -139.1 -174.5 -225.8 15
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) FA216300001 333 371.5 393.2 389.7 391.7 394.4 397.1 401 403.6 16
State and local governments; net capital transfers paid (1) FA215440005 -82.9 -229.8 -95.5 -89 -95.7 -99.7 -97.7 -98.7 -100.8 17
State and local governments; gross saving less net capital transfers paid FA216000105 659.3 661.6 338.6 415.4 302.6 280.9 355.7 325.3 278.6 18
State and local governments; gross investment FA215090005 677.4 631.9 310.4 393.6 283.9 273.4 290.6 310.4 323.1 19
State and local governments; gross fixed investment (NIPA basis) FA215019001 448.8 470.2 549.9 514.2 537.2 559 589.3 602.6 609.6 20
State and local governments; acquisition of nonproduced nonfinancial assets (net) FA215420003 18.3 19.1 19.8 19.5 19.7 19.8 20 20.2 20.1 21
State and local governments; net lending (+) or borrowing (-) (financial account) FA215000005 210.3 142.6 -259.3 -140 -273 -305.5 -318.6 -312.3 -306.6 22
State and local governments; total financial assets FA214090005 608.7 464.5 165.6 301.6 220.2 89.4 51 193.7 296.1 23
State and local governments; checkable deposits and currency; asset FA213020005 115.9 14.7 15.1 0.6 -10.4 7 63.4 16.6 -29.1 24
State and local governments; total time and savings deposits; asset FA213030000 -30.8 -12.4 3.8 4.3 45.8 -28.8 -6 37.8 4.6 25
State and local governments; money market fund shares; asset FA213034003 15.3 9.8 6.8 17.2 3.4 4.2 2.3 3.3 5.4 26
State and local governments; security repurchase agreements; asset FA212051003 25.6 4.4 16 37.6 6.1 -18.1 38.5 8.8 14.7 27
State and local governments; debt securities; asset FA214022005 467.3 350.1 141 237.1 222.6 102.3 1.9 218.2 191.4 28
State and local governments; commercial paper; asset FA213069103 26.9 4.7 16.8 39.5 6.4 -19 40.5 9.2 15.4 29
State and local governments; Treasury securities, excluding SLGS; asset FA213061103 442.6 250.5 117.8 151.8 176.4 139.1 3.7 173.3 115.6 30
State and local governments; agency- and GSE-backed securities; asset FA213061703 3.6 38.2 6.8 32.5 16.1 -27.8 6.5 11.6 24.8 31
State and local governments; municipal securities; asset FA213062003 0.7 6.3 2 4.7 2.8 4.6 -4.3 3.9 3.9 32
State and local governments; corporate and foreign bonds; asset FA213063003 -6.4 50.4 -2.4 8.6 21 5.4 -44.5 20.1 31.6 33
State and local governments; loans; asset FA214023005 -4.6 -9.6 -2.8 19 -5.4 -6.2 -18.7 0.6 78.2 34
State and local governments; total mortgages; asset FA213065005 1.5 0.3 5.5 20.8 -6.7 -18.6 26.5 -4.5 14.8 35
State and local governments; State and local government series securities (MSPD); asset (2) FA213069200 -6.1 -9.8 -8.4 -1.8 1.2 12.4 -45.2 5.1 63.3 36
State and local governments; corporate equities; asset FA213064103 -22.8 32.2 -22.2 -12.6 -43.5 9.4 -42.1 -53.5 -7.7 37
State and local governments; mutual fund shares; asset FA213064203 -10 16.4 -5.7 -1.3 -11.7 4.7 -14.4 -18.1 1.7 38
State and local governments; trade receivables; asset FA213070003 34.9 31.1 -1.8 -33.3 5.8 34.7 -14.5 -26.9 19.7 39
State and local governments; taxes receivable; asset FA213078005 50.2 23.6 6 2.3 7.1 8.4 6.1 1.7 4.3 40
State and local governments; unidentified miscellaneous assets FA213093003 -32.4 4.1 9.4 30.7 0.3 -28.1 34.6 5.2 13.1 41
State and local governments; total liabilities FA214190005 398.4 321.9 424.8 441.6 493.2 394.9 369.7 506 602.6 42
State and local governments; municipal securities; liability FA213162005 68.5 -51.3 21 39.1 90.8 -9.2 -36.6 98.8 195.2 43
State and local governments; short-term municipal securities; liability (3) FA213162400 -13.7 -7.5 1.4 -2.2 6.8 11.4 -10.3 5.7 4 44
State and local governments; long-term municipal securities; liability FA213162200 82.2 -43.8 19.6 41.2 84 -20.6 -26.4 93.1 191.2 45
State and local governments; U.S. government loans; liability FA213169203 0.5 0.7 1 1.1 0.8 0.5 1.5 1.2 1.1 46
State and local governments; trade payables; liability FA213170003 57.5 64.9 68.5 67.1 67.3 69.2 70.5 71.7 72.1 47
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) FA223073045 272 307.6 334.3 334.3 334.3 334.3 334.3 334.3 334.2 48
State and local governments; sector discrepancy FA217005005 -18.1 29.7 28.3 21.8 18.7 7.5 65.1 14.8 -44.6 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: September 12, 2024