Financial Accounts of the United States - Z.1
F.212 Municipal Securities
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 79.1 | -51.5 | 21.8 | 47 | 110.1 | -9.9 | -60.1 | 135.2 | 238.3 | 1 |
| 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 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FA213162400 | -13.7 | -7.5 | 1.4 | -2.2 | 6.8 | 11.4 | -10.3 | 5.7 | 4 | 3 |
| 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 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -1 | -0.9 | 2.2 | 0.5 | 9.1 | 0.2 | -1.1 | 9.7 | 14.4 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 11.5 | 0.7 | -1.4 | 7.4 | 10.3 | -0.9 | -22.3 | 26.7 | 28.7 | 6 |
| All sectors; municipal securities; asset | FA893062005 | 79.1 | -51.5 | 21.8 | 47 | 110.1 | -9.9 | -60.1 | 135.2 | 238.3 | 7 |
| Households and nonprofit organizations; municipal securities; asset | FA153062005 | -109.6 | 27.7 | 98.6 | 131.7 | 141 | 24.8 | 96.9 | 73 | 254.8 | 8 |
| Nonfinancial corporate business; municipal securities; asset | FA103062003 | 11.2 | 4.3 | 0 | -0 | 0.6 | 0.1 | -0.6 | 0.8 | 1.4 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | FA113062003 | 0.1 | 0.9 | -0.1 | -0.3 | 0.3 | 1 | -1.4 | 0.3 | 0.2 | 10 |
| 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 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | FA763062000 | 53 | 5 | -64.8 | -71.6 | -66.6 | -46 | -74.9 | -34.4 | -52.1 | 12 |
| Foreign banking offices in the U.S.; municipal securities; asset | FA753062003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| Banks in U.S.-affiliated areas; municipal securities; asset | FA743062003 | -0 | -0 | 0 | -0 | -0 | 0 | 0.1 | 0 | 0 | 14 |
| Credit unions; municipal securities; asset | FA473062005 | 2.3 | 0.1 | -0.4 | -0.1 | -0.7 | 0.6 | -1.6 | 0.2 | -0.2 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | FA513062005 | -1.1 | -7.7 | -29.3 | -33.1 | -30 | -32.1 | -22.2 | -22.9 | -9.5 | 16 |
| Life insurance companies; municipal securities; asset | FA543062005 | 1.1 | 5 | -9.8 | -5.4 | -12.1 | -5.3 | -16.4 | -5.7 | -16.5 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | FA343062033 | -0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Money market funds; municipal securities; asset | FA633062000 | -14.6 | 7 | 11.7 | 0.1 | 20.5 | 25 | 1.2 | 9.2 | 7.5 | 20 |
| Mutual funds; municipal securities; asset (market value) | FA653062003 | 109.4 | -130.9 | -4.7 | 20.2 | 19.4 | -8.1 | -50.3 | 90.7 | 27.8 | 21 |
| Closed-end funds; municipal securities; asset | FA553062003 | 0.7 | -0.3 | -0.7 | 1 | -0.6 | -0.4 | -2.9 | -0.1 | -1.1 | 22 |
| Exchange-traded funds; municipal securities; asset | FA563062003 | 20.6 | 29.3 | 14.8 | -2.7 | 10.2 | 18.6 | 33.2 | 2.4 | 10.8 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | FA403062005 | -0.4 | -0.2 | 0.1 | 0 | -0.3 | -0.1 | 0.5 | 0.3 | -0.1 | 24 |
| Security brokers and dealers; municipal securities; asset | FA663062003 | 6 | 0.7 | 1 | -5.2 | 18.6 | 0.9 | -10.4 | 8.2 | 10.9 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FA503062003 | -2.2 | -1.2 | -2.9 | 0 | 0 | 0 | -11.6 | 0 | 0 | 26 |
| Rest of the world; municipal securities; asset | FA263062003 | 1.7 | 2.7 | 6.4 | 7.6 | 6.8 | 6.5 | 4.6 | 9.4 | 0.6 | 27 |
NOTES
- Debt with original maturity of 13 months or less.
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: September 12, 2024