Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: March 10, 2011
Release dates | Coded tables | Historical data
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F.105 State and Local Governments, Excluding Employee Retirement Funds1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
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State and local governments; current receipts, NIPA basis 1829.7 1923.1 1967.2 2005.8 2131.3 2017.2 2054.4 2095.7 2108.1 2142.7 2178.7 1
State and local governments; personal current taxes 302.5 323.1 335.4 287.3 291.9 290.0 293.8 291.5 280.6 291.8 303.6 2
State and local governments; taxes on production and imports, receivable (IMA) 887.4 932.7 949.1 930.3 951.5 931.3 938.0 945.3 948.1 951.8 960.8 3
State and local governments; taxes on corporate income (accrual basis) 59.2 57.8 48.0 49.4 91.0 48.7 61.3 82.0 88.1 91.1 103.0 4
State and local governments; contributions for government social insurance received 21.8 18.9 19.7 21.6 22.4 21.8 22.1 22.3 22.4 22.5 22.5 5
State and local governments; property income (received) 103.5 114.5 115.2 116.0 118.1 116.1 116.9 117.5 118.1 118.0 118.7 6
State and local governments; other current transfer received 456.7 485.1 512.7 610.2 665.5 617.5 629.9 645.8 659.8 676.8 679.4 7
State and local governments; operating surplus, net -1.3 -9.1 -13.0 -9.0 -9.0 -8.2 -7.7 -8.7 -8.9 -9.2 -9.3 8
State and local governments; current expenditures 1778.6 1910.8 2014.6 2025.9 2093.6 2036.4 2040.6 2067.2 2092.4 2095.0 2119.7 9
State and local governments; consumption expenditures 1282.3 1368.9 1448.2 1424.4 1447.2 1425.6 1432.2 1447.4 1446.7 1441.3 1453.5 10
State and local governments; social contributions paid 402.9 433.7 455.2 492.1 533.1 501.5 499.4 509.4 532.6 539.8 550.7 11
State and local governments; interest paid (IMA) 93.0 101.1 108.2 108.0 111.6 108.1 107.7 108.7 111.0 112.3 114.5 12
State and local governments; subsidies paid 0.4 7.1 3.0 1.4 1.6 1.2 1.2 1.6 2.1 1.6 0.9 13
State and local governments; wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
State and local governments; net saving including net capital transfers paid 51.0 12.2 -47.4 -20.1 37.8 -19.2 13.9 28.6 15.8 47.7 59.1 15
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) 162.7 178.7 192.6 200.9 205.2 200.5 200.8 202.3 204.2 206.1 208.2 16
State and local governments; net capital transfers paid -57.4 -58.9 -61.9 -67.4 -66.3 -75.6 -75.3 -55.4 -63.2 -73.5 -73.3 17
State and local governments; gross saving less net capital transfers paid 271.2 249.8 207.1 248.2 309.3 256.9 290.0 286.2 283.2 327.4 340.5 18
State and local governments; gross investment 323.4 268.9 226.8 279.3 333.8 297.5 312.8 304.7 303.1 364.3 363.2 19
State and local governments; gross fixed investment 304.4 329.0 350.3 351.0 338.9 352.8 342.4 330.2 337.4 346.9 340.9 20
State and local governments; acquisition of nonproduced nonfinancial assets (net) 11.1 13.8 13.9 13.4 14.3 13.3 13.5 13.8 14.1 14.4 14.7 21
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) 7.9 -74.0 -137.4 -85.0 -19.3 -68.6 -43.1 -39.3 -48.5 3.0 7.6 22
State and local governments, excluding employee retirement funds; total financial assets 196.1 154.1 -46.3 62.5 124.6 102.2 79.5 132.8 -43.8 171.3 238.0 23
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset 5.4 -4.8 8.5 19.2 6.7 -46.2 17.5 2.7 13.6 8.0 2.7 24
State and local governments, excluding employee retirement funds; total time and savings deposits; asset 26.2 36.4 19.1 10.8 -0.4 19.2 -26.0 36.9 -36.1 11.5 -14.1 25
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 6.8 3.4 -1.4 4.5 5.9 7.5 4.4 7.2 -2.9 8.3 11.1 26
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset 13.5 6.6 -2.7 8.8 6.7 14.7 8.6 14.1 -5.7 16.4 1.9 27
State and local governments, excluding employee retirement funds; credit market instruments; asset 128.5 27.2 -125.4 -30.8 21.6 -20.6 -26.2 19.2 -88.3 46.4 109.2 28
State and local governments, excluding employee retirement funds; commercial paper; asset 17.6 -11.3 -63.5 -53.5 -24.7 -20.7 -28.7 -21.5 -47.5 -18.5 -11.3 29
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset 45.5 7.1 -48.6 20.1 14.2 -11.1 0.8 -7.8 7.0 16.4 40.9 30
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities;; asset 38.3 18.8 -7.6 -15.0 13.3 -18.2 -15.5 20.2 -36.3 26.8 42.4 31
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 0.5 0.2 -0.1 0.3 0.4 0.5 0.3 0.5 -0.2 0.6 0.8 32
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset 12.1 6.0 -2.4 7.9 13.0 13.3 7.8 12.7 -5.2 14.8 29.8 33
State and local governments, excluding employee retirement funds; total mortgages; asset 14.5 6.4 -3.2 9.4 5.5 15.7 9.2 15.1 -6.1 6.3 6.6 34
State and local governments, excluding employee retirement funds; corporate equities; asset -4.4 2.7 22.9 17.6 -25.1 40.7 64.3 -48.5 20.5 -37.2 -35.1 35
State and local governments, excluding employee retirement funds; mutual fund shares; asset -1.3 0.5 14.3 -7.2 -2.3 -18.3 -5.6 -5.1 -4.6 -10.2 10.5 36
State and local governments, excluding employee retirement funds; trade receivables; asset 13.8 6.8 -2.7 9.0 12.0 15.1 8.8 14.5 -5.9 16.8 22.5 37
State and local governments, excluding employee retirement funds; taxes receivable; asset 11.5 0.8 -3.5 -16.1 16.1 -16.9 -12.8 10.4 13.6 14.1 26.4 38
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets -3.9 74.5 24.6 46.8 83.4 107.0 46.4 81.5 52.0 97.0 102.9 39
State and local governments, excluding employee retirement funds; total liabilities 188.1 228.1 91.1 147.5 143.9 170.8 122.6 172.1 4.6 168.3 230.5 40
State and local governments, excluding employee retirement funds; credit market instruments; liability 153.7 191.0 51.6 109.1 104.8 132.3 84.0 133.5 -34.3 129.0 190.9 41
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 153.1 190.4 50.7 108.3 103.9 131.6 82.9 132.9 -34.6 128.5 188.9 42
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability -3.1 17.3 12.5 2.9 14.5 45.3 -28.9 3.0 -28.9 35.8 47.9 43
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability 156.2 173.1 38.2 105.4 89.5 86.3 111.8 129.9 -5.8 92.7 141.0 44
State and local governments, excluding employee retirement funds; U.S. government loans; liability 0.6 0.7 0.8 0.8 0.9 0.7 1.2 0.6 0.4 0.5 2.0 45
State and local governments, excluding employee retirement funds; trade payables; liability 34.4 37.0 39.6 38.4 39.1 38.5 38.5 38.6 38.9 39.3 39.6 46
State and local governments, excluding employee retirement funds; sector discrepancy -52.3 -19.1 -19.7 -31.2 -24.5 -40.7 -22.8 -18.4 -19.9 -36.9 -22.7 47

  FOOTNOTES
  1.  Data for retirement funds are shown in table F.119. Return to text


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Current release | Screen reader | PDF (450 KB)

Statistical releases