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 | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | -51.2 | 22.7 | 118.2 | -7.9 | -59.6 | 136.3 | 238.7 | 166.9 | -69.3 | 1 |
| State and local governments; municipal securities; liability | FA213162005 | -51.1 | 21.9 | 97.0 | -7.2 | -36.2 | 99.9 | 195.8 | 138.4 | -46.0 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FA213162400 | -7.5 | 1.4 | 7.4 | 11.4 | -10.3 | 5.7 | 4.2 | 24.2 | -4.5 | 3 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -43.6 | 20.4 | 89.6 | -18.5 | -25.9 | 94.2 | 191.7 | 114.2 | -41.5 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -0.9 | 2.1 | 8.1 | 0.1 | -1.1 | 9.7 | 14.3 | 7.1 | 1.5 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 0.8 | -1.4 | 13.0 | -0.9 | -22.3 | 26.7 | 28.6 | 21.5 | -24.8 | 6 |
| All sectors; municipal securities; asset | FA893062005 | -51.2 | 22.7 | 118.2 | -7.9 | -59.6 | 136.3 | 238.7 | 166.9 | -69.3 | 7 |
| Households and nonprofit organizations; municipal securities; asset | FA153062005 | 30.5 | 99.0 | 83.4 | 26.3 | 96.2 | 108.8 | 197.8 | 104.9 | -77.8 | 8 |
| Nonfinancial corporate business; municipal securities; asset | FA103062003 | 4.3 | 0.0 | 1.2 | 0.1 | -0.6 | 0.8 | 1.4 | 0.8 | 1.8 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | FA113062003 | -0.9 | -0.0 | 0.1 | 0.6 | -0.8 | 0.2 | 0.1 | -0.2 | 0.3 | 10 |
| State and local governments; municipal securities; asset | FA213062003 | 5.6 | 2.3 | 3.9 | 5.5 | -3.7 | 4.7 | 5.0 | 5.7 | 0.2 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | FA763062000 | 5.0 | -64.8 | -41.7 | -46.0 | -74.9 | -69.4 | -16.7 | -36.1 | -44.7 | 12 |
| Foreign banking offices in the U.S.; municipal securities; asset | FA753062003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 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 | 0.0 | 0.1 | 0.0 | 0.0 | -0.0 | 0.0 | 14 |
| Credit unions; municipal securities; asset | FA473062005 | 0.1 | -0.4 | -0.5 | 0.6 | -1.6 | 0.2 | -0.3 | 0.2 | -2.1 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | FA513062005 | -7.7 | -29.3 | -7.2 | -32.1 | -22.2 | -22.9 | -9.5 | 3.1 | 0.4 | 16 |
| Life insurance companies; municipal securities; asset | FA543062005 | 5.0 | -9.8 | -5.6 | -5.3 | -16.4 | -5.7 | -16.5 | -13.3 | 13.2 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | FA343062033 | -0.0 | -0.0 | 0.0 | -0.0 | 0.0 | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 19 |
| Money market funds; municipal securities; asset | FA633062000 | 7.0 | 11.7 | 8.9 | 25.0 | 1.2 | 9.2 | 7.5 | 21.2 | -2.3 | 20 |
| Mutual funds; municipal securities; asset (market value) | FA653062003 | -130.9 | -4.7 | 57.7 | -8.1 | -50.3 | 90.7 | 45.7 | 54.5 | 39.9 | 21 |
| Closed-end funds; municipal securities; asset | FA553062003 | -0.3 | -0.7 | -1.0 | -0.4 | -2.9 | -0.1 | -0.9 | -0.1 | -2.9 | 22 |
| Exchange-traded funds; municipal securities; asset | FA563062003 | 29.3 | 14.8 | 16.8 | 18.6 | 33.2 | 2.4 | 10.2 | 26.8 | 27.9 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | FA403062005 | -0.2 | 0.1 | 0.0 | -0.1 | 0.5 | 0.3 | -0.1 | -0.0 | -0.0 | 24 |
| Security brokers and dealers; municipal securities; asset | FA663062003 | 0.7 | 1.0 | 2.1 | 0.9 | -10.4 | 8.2 | 10.9 | -9.1 | -1.8 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FA503062003 | -1.2 | -2.9 | 0.0 | 0.0 | -11.6 | 0.0 | 0.0 | 0.0 | 0.0 | 26 |
| Rest of the world; municipal securities; asset | FA263062003 | 2.7 | 6.4 | 0.1 | 6.5 | 4.6 | 8.9 | 4.2 | 8.6 | -21.4 | 27 |
NOTES
- Debt with original maturity of 13 months or less.
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: March 13, 2025