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 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 4089 | 4037.5 | 4059.3 | 4041.9 | 4058 | 4047.8 | 4059.3 | 4083.8 | 4129.4 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3267.3 | 3216 | 3237 | 3220 | 3231.1 | 3224 | 3237 | 3254.3 | 3289.4 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 32.9 | 25.5 | 26.9 | 24.5 | 23.5 | 26.4 | 26.9 | 27.8 | 26.7 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3234.4 | 3190.6 | 3210.1 | 3195.6 | 3207.6 | 3197.6 | 3210.1 | 3226.4 | 3262.7 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 203 | 202.1 | 204.3 | 202.3 | 204.5 | 204.6 | 204.3 | 206.7 | 210.3 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 618.6 | 619.3 | 618 | 619.6 | 622.3 | 619.2 | 618 | 622.9 | 629.7 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4462.6 | 3891.4 | 4016.5 | 3965.3 | 3954 | 3776.6 | 4016.5 | 4003.2 | 4034.3 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1791.9 | 1604.8 | 1755.3 | 1669.9 | 1680.8 | 1608.8 | 1755.3 | 1755 | 1797.5 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 27.3 | 28.2 | 29.1 | 28.7 | 28.7 | 27.4 | 29.1 | 29 | 29.2 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 4.7 | 5 | 5.1 | 5.1 | 5.1 | 5 | 5.1 | 5.1 | 5.1 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 43.3 | 44.3 | 47.7 | 46.3 | 46.6 | 45.7 | 47.7 | 48.2 | 49 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 631.3 | 580.2 | 532 | 567.1 | 548.5 | 519.4 | 532 | 515.3 | 498.5 | 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 | 10.7 | 11 | 10.7 | 10.4 | 10.7 | 10.6 | 10.5 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 289.4 | 246.1 | 221.6 | 242.1 | 232.1 | 212.9 | 221.6 | 213.6 | 210.4 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 241.3 | 197.9 | 192.5 | 200 | 195 | 184.3 | 192.5 | 189.1 | 184.2 | 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 | 114.4 | 121 | 121.5 | 129.6 | 127.9 | 132.2 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 990.8 | 745.8 | 756.1 | 764.9 | 763.9 | 727.9 | 756.1 | 771.1 | 775.1 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 98.3 | 81.8 | 81.5 | 83.1 | 81.8 | 77.1 | 81.5 | 80.2 | 80 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 83.3 | 104.4 | 122.6 | 105.7 | 107.5 | 108 | 122.6 | 122.3 | 124.4 | 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 | 2.1 | 2.1 | 2.2 | 2.3 | 2.3 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 12.7 | 12 | 13.5 | 11 | 15.5 | 15 | 13.5 | 15.4 | 18.1 | 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 | 0 | 0 | 0 | 26 |
| Rest of the world; municipal securities; asset | LM263062003 | 118.7 | 106.9 | 116.9 | 110.9 | 111.7 | 108.2 | 116.9 | 118 | 117.7 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -373.6 | 146.1 | 42.8 | 76.7 | 104 | 271.2 | 42.8 | 80.7 | 95.1 | 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: September 12, 2024