FRB: Z.1 Release--F.104--State and Local Governments--June 5, 2014

F.104 State and Local Governments 1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description	2008	2009	2010	2011	2012	2013	2013 Q1	2013 Q2	2013 Q3	2013 Q4	2014 Q1	Line
State and local governments; current receipts, NIPA basis	1909.1	1919.2	1998.5	2029.9	2039.4	2099.2	2078.7	2110.8	2103.2	2104.2	2132.0	1
State and local governments; personal current taxes	333.5	287.8	297.6	327.0	348.8	375.7	377.1	393.1	365.6	366.9	374.5	2
State and local governments; taxes on production and imports, receivable (IMA)	947.9	934.8	960.4	988.5	1004.9	1026.5	1021.9	1020.2	1029.7	1034.4	1039.8	3
State and local governments; taxes on corporate income (accrual basis)	47.4	45.6	47.7	50.7	51.4	54.8	54.5	56.0	54.0	54.7	51.6	4
State and local governments; contributions for government social insurance received	18.7	18.6	18.1	18.3	17.5	17.5	17.3	17.4	17.6	17.9	18.4	5
State and local governments; property income (received)	105.7	87.8	82.6	80.0	78.5	81.4	80.2	80.9	81.9	82.7	83.5	6
State and local governments; other current transfer received	477.8	566.1	612.0	581.8	552.6	558.6	542.7	558.4	569.9	563.2	580.2	7
State and local governments; operating surplus, net	-22.0	-21.4	-19.8	-16.5	-14.3	-15.3	-14.9	-15.2	-15.5	-15.7	-15.9	8
State and local governments; current expenditures	2074.1	2191.2	2235.8	2243.0	2292.1	2320.2	2308.5	2308.4	2329.2	2334.5	2369.3	9
State and local governments; consumption expenditures	1488.7	1508.4	1518.3	1517.4	1536.4	1548.1	1543.0	1541.4	1550.8	1557.3	1568.5	10
State and local governments; social contributions paid	455.4	492.6	523.8	532.0	544.3	561.4	552.3	555.9	568.9	568.6	592.4	11
State and local governments; interest paid (IMA)	127.0	188.8	192.1	192.9	211.0	210.1	212.7	210.6	209.0	208.1	207.9	12
State and local governments; subsidies paid	3.0	1.4	1.6	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	13
State and local governments; net saving including net capital transfers paid	-165.1	-271.9	-237.3	-213.1	-252.7	-220.9	-229.8	-197.6	-226.0	-230.3	-237.3	14
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis)	200.2	208.2	212.7	221.7	231.4	237.6	234.9	236.6	238.3	240.6	242.3	15
State and local governments; net capital transfers paid	-63.2	-67.7	-76.7	-73.9	-74.1	-70.9	-71.3	-68.6	-74.9	-68.7	-69.5	16
State and local governments; gross saving less net capital transfers paid	98.3	4.0	52.2	82.5	52.8	87.5	76.4	107.6	87.2	78.9	74.5	17
State and local governments; gross investment	50.1	-65.9	49.1	34.1	85.2	66.6	80.9	112.3	10.3	62.9	50.9	18
State and local governments; gross fixed investment	358.8	363.0	351.9	337.2	334.9	331.5	326.1	327.8	335.6	336.3	326.6	19
State and local governments; acquisition of nonproduced nonfinancial assets (net)	13.8	12.3	10.6	10.1	10.2	9.5	9.8	9.6	9.4	9.2	9.0	20
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account)	-322.5	-441.2	-313.3	-313.3	-259.9	-274.3	-255.0	-225.1	-334.6	-282.7	-284.7	21
State and local governments, excluding employee retirement funds; total financial assets	-102.9	14.4	70.1	-16.8	69.0	21.9	170.1	70.9	-90.5	-62.9	56.3	22
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset	8.5	19.2	5.7	16.8	-9.0	6.5	13.2	-11.8	28.8	-4.3	11.6	23
State and local governments, excluding employee retirement funds; total time and savings deposits; asset	18.5	9.7	-6.3	15.2	19.2	12.7	16.3	-7.3	30.3	11.4	20.5	24
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset	2.6	9.8	13.7	3.4	5.4	4.9	14.5	10.1	-3.6	-1.6	7.7	25
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset	-12.1	-4.3	-1.4	-3.6	4.7	4.3	12.0	8.5	-2.4	-0.8	6.6	26
State and local governments, excluding employee retirement funds; credit market instruments; asset	-96.5	-34.1	64.1	-50.4	31.6	-27.4	83.8	44.2	-158.1	-79.4	-5.8	27
State and local governments, excluding employee retirement funds; commercial paper; asset	-22.0	-39.1	13.0	-11.2	-7.2	-7.8	-2.6	-5.3	-12.2	-11.1	-6.6	28
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset	-46.5	-17.4	6.8	-32.7	39.2	-14.3	37.4	26.1	-93.5	-27.2	-8.4	29
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset	-18.4	9.7	22.5	-7.8	-10.0	-12.6	17.9	3.2	-38.9	-32.5	-4.5	30
State and local governments, excluding employee retirement funds; municipal securities and loans; asset	0.4	1.0	1.4	0.3	0.3	0.2	1.0	0.7	-0.5	-0.3	0.5	31
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset	-5.7	3.3	7.4	-0.8	3.3	2.7	12.9	8.2	-6.2	-4.1	5.6	32
State and local governments, excluding employee retirement funds; total mortgages; asset	-4.3	8.4	13.0	1.8	6.0	4.4	17.3	11.3	-6.7	-4.2	7.6	33
State and local governments, excluding employee retirement funds; corporate equities; asset	-7.9	-2.3	-0.2	-2.6	1.8	1.4	6.9	4.4	-3.3	-2.2	3.0	34
State and local governments, excluding employee retirement funds; mutual fund shares; asset	-0.7	1.7	2.8	0.2	0.9	0.7	3.5	2.3	-1.7	-1.1	1.5	35
State and local governments, excluding employee retirement funds; trade receivables; asset	-15.4	-4.6	13.1	2.3	5.7	8.8	8.7	11.2	9.1	6.2	7.0	36
State and local governments, excluding employee retirement funds; taxes receivable; asset	5.2	-5.8	1.1	2.2	2.1	3.7	-1.2	-0.5	9.6	6.8	-3.8	37
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets	-5.3	25.2	-22.4	-0.3	6.5	6.2	12.4	9.7	0.8	2.0	8.1	38
State and local governments, excluding employee retirement funds; total liabilities	219.6	455.7	383.5	296.5	328.9	296.2	425.1	296.1	244.1	219.8	341.1	39
State and local governments, excluding employee retirement funds; credit market instruments; liability	17.9	113.0	69.5	-52.7	-5.3	-38.9	73.0	32.8	-116.5	-144.8	-20.3	40
State and local governments, excluding employee retirement funds; municipal securities and loans; liability	17.1	112.2	68.7	-53.6	-5.7	-39.4	71.7	33.0	-116.9	-145.4	-20.5	41
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability	4.6	7.8	-0.7	-10.6	3.8	-10.9	-4.4	8.6	-19.4	-28.3	-7.0	42
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability	12.5	104.4	69.3	-42.9	-9.4	-28.6	76.0	24.4	-97.5	-117.2	-13.6	43
State and local governments, excluding employee retirement funds; U.S. government loans; liability	0.8	0.8	0.9	0.9	0.4	0.5	1.3	-0.2	0.5	0.6	0.2	44
State and local governments, excluding employee retirement funds; trade payables; liability	38.6	38.9	38.5	38.4	39.1	39.6	39.2	39.3	39.9	40.1	40.0	45
State and local government employee retirement funds; claims of pension fund on sponsor; asset	163.0	303.7	275.4	310.7	295.0	295.5	312.8	224.0	320.6	324.6	321.4	46
State and local governments, excluding employee retirement funds; sector discrepancy	48.2	69.9	3.1	48.4	-32.4	20.9	-4.6	-4.7	76.9	16.1	23.6	47

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