Financial Accounts of the United States - Z.1
L.107 State and Local Governments
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; total financial assets | FL214090005 | 4551.8 | 4848.7 | 5136.1 | 4664.8 | 4848.7 | 4895.9 | 4972.7 | 5159.4 | 5136.1 | 1 |
| State and local governments; checkable deposits and currency; asset | FL213020005 | 360.4 | 375.6 | 390.6 | 351.4 | 375.6 | 378.9 | 367.9 | 366.9 | 390.6 | 2 |
| State and local governments; total time and savings deposits; asset | FL213030000 | 370.5 | 374.3 | 374.1 | 365.3 | 374.3 | 373.3 | 371.4 | 368.7 | 374.1 | 3 |
| State and local governments; money market fund shares; asset | FL213034003 | 65.3 | 72.0 | 83.4 | 71.5 | 72.0 | 72.9 | 74.2 | 78.2 | 83.4 | 4 |
| State and local governments; security repurchase agreements; asset | FL212051003 | 200.3 | 218.1 | 233.3 | 207.9 | 218.1 | 221.2 | 226.1 | 237.4 | 233.3 | 5 |
| State and local governments; debt securities; asset | LM214022005 | 2246.3 | 2462.2 | 2633.9 | 2344.7 | 2462.2 | 2501.8 | 2556.6 | 2684.4 | 2633.9 | 6 |
| State and local governments; commercial paper; asset | FL213069103 | 210.7 | 229.4 | 245.4 | 218.7 | 229.4 | 232.7 | 237.8 | 249.7 | 245.4 | 7 |
| State and local governments; Treasury securities, excluding SLGS; asset | LM213061103 | 1302.4 | 1461.1 | 1572.3 | 1382.1 | 1461.1 | 1490.7 | 1523.3 | 1599.4 | 1572.3 | 8 |
| State and local governments; agency- and GSE-backed securities; asset | LM213061703 | 404.4 | 424.6 | 450.4 | 409.0 | 424.6 | 427.0 | 436.3 | 458.1 | 450.4 | 9 |
| State and local governments; municipal securities; asset | LM213062003 | 43.4 | 47.3 | 50.6 | 45.1 | 47.3 | 48.0 | 49.0 | 51.5 | 50.6 | 10 |
| State and local governments; corporate and foreign bonds; asset | LM213063003 | 285.3 | 299.9 | 315.2 | 289.8 | 299.9 | 303.5 | 310.2 | 325.7 | 315.2 | 11 |
| State and local governments; loans; asset | FL214023005 | 315.3 | 314.3 | 327.7 | 309.8 | 314.3 | 314.1 | 325.8 | 344.1 | 327.7 | 12 |
| State and local governments; total mortgages; asset | FL213065005 | 215.4 | 222.8 | 229.1 | 215.6 | 222.8 | 222.6 | 227.5 | 233.2 | 229.1 | 13 |
| State and local governments; State and local government series securities (MSPD); asset (1) | FL213069200 | 99.9 | 91.5 | 98.6 | 94.2 | 91.5 | 91.4 | 98.3 | 110.9 | 98.6 | 14 |
| State and local governments; corporate equities; asset | LM213064103 | 140.6 | 153.1 | 174.8 | 146.0 | 153.1 | 155.3 | 158.7 | 166.6 | 174.8 | 15 |
| State and local governments; mutual fund shares; asset | LM213064203 | 79.3 | 86.3 | 92.4 | 82.3 | 86.3 | 87.6 | 89.5 | 94.0 | 92.4 | 16 |
| State and local governments; trade receivables; asset | FL213070003 | 309.9 | 308.3 | 313.4 | 312.4 | 308.3 | 302.1 | 307.3 | 311.3 | 313.4 | 17 |
| State and local governments; taxes receivable; asset | FL213078005 | 279.0 | 288.7 | 298.7 | 286.7 | 288.7 | 290.8 | 292.9 | 295.6 | 298.7 | 18 |
| State and local governments; unidentified miscellaneous assets | FL213093003 | 184.8 | 195.8 | 213.8 | 186.7 | 195.8 | 198.0 | 202.3 | 212.4 | 213.8 | 19 |
| State and local governments; total liabilities | FL214190005 | 7793.6 | 7755.7 | 7693.9 | 7964.3 | 7755.7 | 7631.2 | 7673.9 | 7549.1 | 7693.9 | 20 |
| State and local governments; municipal securities; liability | FL213162005 | 3222.0 | 3243.9 | 3340.9 | 3230.8 | 3243.9 | 3261.4 | 3296.7 | 3327.6 | 3340.9 | 21 |
| State and local governments; short-term municipal securities; liability (2) | FL213162400 | 25.4 | 26.9 | 34.3 | 26.4 | 26.9 | 27.8 | 26.7 | 32.0 | 34.3 | 22 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3196.5 | 3217.0 | 3306.6 | 3204.4 | 3217.0 | 3233.6 | 3270.0 | 3295.6 | 3306.6 | 23 |
| State and local governments; U.S. government loans; liability | FL213169203 | 23.3 | 24.3 | 25.0 | 23.9 | 24.3 | 24.6 | 24.9 | 25.0 | 25.0 | 24 |
| State and local governments; trade payables; liability | FL213170003 | 1229.0 | 1297.3 | 1369.3 | 1279.8 | 1297.3 | 1315.1 | 1333.0 | 1351.1 | 1369.3 | 25 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 3319.3 | 3190.2 | 2958.8 | 3429.8 | 3190.2 | 3030.1 | 3019.4 | 2845.4 | 2958.8 | 26 |
NOTES
- 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: March 13, 2025