Financial Accounts of the United States - Z.1
F.107 State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates
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| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 3690.1 | 3700.8 | 3686.7 | 3694.1 | 3682.8 | 3739.4 | 3806.6 | 3806.2 | 3891.2 | 1 |
| State and local governments; personal current taxes | FA216210001 | 638.5 | 594.3 | 578 | 581.6 | 605.5 | 612.1 | 609.5 | 630 | 658.1 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1648.6 | 1718.9 | 1697.8 | 1709.4 | 1724 | 1744.3 | 1760.8 | 1782.3 | 1797.7 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 162.4 | 163.5 | 158.7 | 162.4 | 165.9 | 166.9 | 170.4 | 164 | 164.8 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 22.8 | 21.3 | 20.8 | 20.5 | 21.2 | 22.8 | 25 | 26.7 | 27.5 | 5 |
| State and local governments; property income (received) | FA216150105 | 93.6 | 97.7 | 96.9 | 98.4 | 97.6 | 97.9 | 97.8 | 97.2 | 96.8 | 6 |
| State and local governments; other current transfer received | FA216403105 | 1136.9 | 1135 | 1160.6 | 1151.5 | 1100.6 | 1127.5 | 1175.3 | 1138.2 | 1178.2 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -12.7 | -29.9 | -25.9 | -29.8 | -31.9 | -32 | -32.2 | -32.2 | -32 | 8 |
| State and local governments; current expenditures | FA216900005 | 3601.8 | 3762.3 | 3731.7 | 3763.9 | 3775.6 | 3778.1 | 3860.3 | 3899.8 | 3926.6 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 2333.7 | 2403.8 | 2383.3 | 2374.7 | 2422.4 | 2434.7 | 2472.7 | 2495.7 | 2524.5 | 10 |
| State and local governments; social contributions paid | FA216404001 | 1028.3 | 1081.2 | 1083.2 | 1111.1 | 1069.4 | 1061 | 1113.5 | 1136.9 | 1141 | 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 | 239.1 | 276.7 | 264.5 | 277.4 | 283.1 | 281.7 | 273.5 | 266.4 | 260.4 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.7 | 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 | 88.3 | -61.6 | -45 | -69.8 | -92.8 | -38.7 | -53.8 | -93.5 | -35.4 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 375.7 | 398.6 | 395 | 397.1 | 399.7 | 402.8 | 406.7 | 409.3 | 414.5 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -229.9 | -96.3 | -89.2 | -97.1 | -100.5 | -98.3 | -100 | -102.1 | -107.1 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 693.9 | 433.4 | 439.3 | 424.4 | 407.4 | 462.4 | 453 | 417.8 | 486.2 | 18 |
| State and local governments; gross investment | FA215090005 | 721.5 | 478.5 | 491.9 | 480.2 | 473.4 | 468.6 | 514 | 536.3 | 569.1 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 479.1 | 544.1 | 509.7 | 529.4 | 553.2 | 584.3 | 598 | 605.1 | 614.7 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 15 | 15.6 | 15.4 | 15.6 | 15.7 | 15.7 | 15.6 | 15.5 | 15.4 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | 227.4 | -81.2 | -33.1 | -64.8 | -95.5 | -131.4 | -99.6 | -84.3 | -60.9 | 22 |
| State and local governments; total financial assets | FA214090005 | 493.2 | 269.7 | 334.6 | 354.5 | 226.4 | 163.5 | 331.8 | 444.8 | 406.9 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | 14.7 | 15.1 | 0.6 | -10.4 | 7 | 63.4 | 17.7 | -29.7 | 12.1 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | -12.4 | 3.8 | 4.3 | 45.8 | -28.8 | -6 | 38.1 | 4.6 | -22.9 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 9.8 | 6.8 | 17.2 | 3.4 | 4.2 | 2.3 | 3.3 | 5.4 | 15.8 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 4.9 | 22.7 | 38.9 | 15 | -9.5 | 46.5 | 17.4 | 24.4 | 53.5 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 356 | 215.1 | 251.6 | 323.4 | 204.5 | 80.8 | 320.2 | 302.2 | 197.3 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | 5.2 | 23.9 | 41 | 15.7 | -10 | 48.9 | 18.3 | 25.6 | 56.3 | 29 |
| State and local governments; Treasury securities, excluding SLGS; asset | FA213061103 | 254 | 161.8 | 160.3 | 235.7 | 200.7 | 50.6 | 235.6 | 181.7 | 74.9 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 39.2 | 19.6 | 35 | 33.7 | -10.7 | 20.3 | 28.1 | 43.4 | 48 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 6.4 | 3.4 | 5 | 4.7 | 6.6 | -2.9 | 5.8 | 6.1 | 7.3 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | 51.1 | 6.4 | 10.3 | 33.5 | 17.9 | -36.1 | 32.3 | 45.4 | 10.8 | 33 |
| State and local governments; loans; asset | FA214023005 | -9.1 | 4 | 20.3 | 3.7 | 2.7 | -10.8 | 8.8 | 87.9 | 72 | 34 |
| State and local governments; total mortgages; asset | FA213065005 | 0.7 | 12.3 | 22.2 | 2.4 | -9.7 | 34.4 | 3.7 | 24.6 | 27 | 35 |
| State and local governments; State and local government series securities (MSPD); asset (2) | FA213069200 | -9.8 | -8.4 | -1.8 | 1.2 | 12.4 | -45.2 | 5.1 | 63.3 | 45 | 36 |
| State and local governments; corporate equities; asset | FA213064103 | 32.5 | -18 | -11.8 | -37.5 | 15.8 | -38.3 | -49.6 | -1.7 | -1.3 | 37 |
| State and local governments; mutual fund shares; asset | FA213064203 | 16.6 | -3.2 | -0.8 | -8.2 | 8.3 | -12 | -15.5 | 5.4 | 1.2 | 38 |
| State and local governments; trade receivables; asset | FA213070003 | 34.4 | -1.6 | -30.8 | 6.5 | 34.2 | -16.3 | -24.9 | 20.7 | 16.1 | 39 |
| State and local governments; taxes receivable; asset | FA213078005 | 41.2 | 9.6 | 13.1 | 4.6 | 8.5 | 12.2 | 3.4 | 3.9 | 15.3 | 40 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 4.5 | 15.4 | 32 | 8.4 | -20.6 | 41.8 | 12.8 | 21.8 | 47.9 | 41 |
| State and local governments; total liabilities | FA214190005 | 265.8 | 350.9 | 367.7 | 419.3 | 321.9 | 294.9 | 431.4 | 529.1 | 467.9 | 42 |
| State and local governments; municipal securities; liability | FA213162005 | -51.1 | 21.4 | 39.2 | 91.1 | -7.8 | -36.7 | 98.8 | 196.3 | 134.9 | 43 |
| State and local governments; short-term municipal securities; liability (3) | FA213162400 | -7.5 | 1.4 | -2.2 | 6.8 | 11.4 | -10.3 | 5.7 | 4.2 | 24.2 | 44 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -43.7 | 20 | 41.4 | 84.3 | -19.2 | -26.5 | 93.1 | 192.1 | 110.8 | 45 |
| State and local governments; U.S. government loans; liability | FA213169203 | 0.7 | 1 | 1.1 | 0.8 | 0.5 | 1.5 | 1.2 | 1.1 | 0.6 | 46 |
| State and local governments; trade payables; liability | FA213170003 | 65.7 | 68.3 | 67.2 | 67.1 | 68.9 | 69.9 | 71.1 | 71.5 | 72.2 | 47 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 250.5 | 260.2 | 260.3 | 260.3 | 260.2 | 260.2 | 260.2 | 260.2 | 260.1 | 48 |
| State and local governments; sector discrepancy | FA217005005 | -27.5 | -45.2 | -52.7 | -55.8 | -65.9 | -6.2 | -61 | -118.5 | -83 | 49 |
NOTES
- Table F.5, line 65.
- State and Local Government Series (SLGS) nonmarketable Treasury securities classified as loans.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: December 12, 2024