Description of table L.105.C - Consolidated Statement for Federal, State, and Local Governments

The table presents the consolidated statement for all government entities-- federal as well as state and local. Transactions between federal entities and state and local entities are netted out. For example, state and local government holdings of Treasury securities are not shown. See tables F.104 and L.104 for details on the state and local governments sector; see tables F.105 and L.105 for details on the federal government sector.

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