FRB: Z.1 Release--F.104--State and Local Governments--December 9, 2013

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

Description	2009	2010	2011	2012	2012 Q1	2012 Q2	2012 Q3	2012 Q4	2013 Q1	2013 Q2	2013 Q3	Line
State and local governments; current receipts, NIPA basis	1919.2	1998.5	2029.9	2039.4	2024.4	2034.1	2039.6	2059.7	2078.7	2110.8	2104.4	1
State and local governments; personal current taxes	287.8	297.6	327.0	348.8	340.5	346.9	349.2	358.8	377.1	393.1	372.4	2
State and local governments; taxes on production and imports, receivable (IMA)	934.8	960.4	988.5	1004.9	1007.2	1003.7	1000.6	1008.3	1021.9	1020.2	1023.4	3
State and local governments; taxes on corporate income (accrual basis)	45.6	47.7	50.7	51.4	50.7	52.5	51.1	51.3	54.5	56.0	54.6	4
State and local governments; contributions for government social insurance received	18.6	18.1	18.3	17.5	17.8	17.6	17.4	17.3	17.3	17.4	17.6	5
State and local governments; property income (received)	87.8	82.6	80.0	78.5	78.1	78.1	78.4	79.3	80.2	80.9	82.0	6
State and local governments; other current transfer received	566.1	612.0	581.8	552.6	544.8	549.6	557.0	558.7	542.7	558.4	569.9	7
State and local governments; operating surplus, net	-21.4	-19.8	-16.5	-14.3	-14.8	-14.3	-14.1	-14.0	-14.9	-15.2	-15.5	8
State and local governments; current expenditures	2191.2	2235.8	2243.0	2292.1	2265.5	2289.3	2299.7	2313.9	2308.5	2308.4	2337.2	9
State and local governments; consumption expenditures	1508.4	1518.3	1517.4	1536.4	1533.0	1531.3	1536.8	1544.3	1543.0	1541.4	1550.9	10
State and local governments; social contributions paid	492.6	523.8	532.0	544.3	527.3	547.5	548.8	553.7	552.3	555.9	576.8	11
State and local governments; interest paid (IMA)	188.8	192.1	192.9	211.0	204.8	209.9	213.7	215.5	212.7	210.6	209.0	12
State and local governments; subsidies paid	1.4	1.6	0.5	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	-271.9	-237.3	-213.1	-252.7	-241.1	-255.2	-260.1	-254.2	-229.8	-197.6	-232.8	14
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis)	208.2	212.7	221.7	231.4	228.5	230.8	232.4	233.7	234.9	236.6	238.2	15
State and local governments; net capital transfers paid	-67.7	-76.7	-73.9	-74.1	-70.6	-72.0	-73.2	-80.5	-71.3	-68.6	-75.2	16
State and local governments; gross saving less net capital transfers paid	4.0	52.2	82.5	52.8	58.0	47.6	45.5	60.0	76.4	107.6	80.6	17
State and local governments; gross investment	-58.9	51.2	18.0	99.3	97.2	115.7	93.0	91.3	111.5	112.0	7.9	18
State and local governments; gross fixed investment	363.0	351.9	337.2	334.9	334.9	339.0	334.6	331.2	326.1	327.8	335.3	19
State and local governments; acquisition of nonproduced nonfinancial assets (net)	12.3	10.6	10.1	10.2	10.3	10.3	10.2	10.1	9.8	9.6	9.4	20
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account)	-434.2	-311.2	-329.4	-245.8	-248.0	-233.6	-251.8	-249.9	-224.5	-225.4	-336.8	21
State and local governments, excluding employee retirement funds; total financial assets	10.8	66.1	-56.7	-61.0	-85.7	63.8	-9.0	-213.1	74.3	113.6	-175.8	22
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset	19.2	5.6	16.6	-8.9	-7.8	-7.4	-7.6	-12.9	13.8	-10.4	28.6	23
State and local governments, excluding employee retirement funds; total time and savings deposits; asset	9.3	-6.9	14.4	20.3	10.3	29.0	37.4	4.5	13.2	53.6	10.7	24
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset	9.8	13.7	-0.1	-7.5	-7.9	0.4	-5.7	-16.9	4.5	6.5	-10.5	25
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset	-4.2	-1.4	-6.5	-5.9	-6.2	0.3	-4.5	-13.3	3.6	5.2	-8.3	26
State and local governments, excluding employee retirement funds; credit market instruments; asset	-37.3	61.1	-77.4	-57.5	-68.2	36.0	-39.8	-157.9	24.1	42.8	-193.0	27
State and local governments, excluding employee retirement funds; commercial paper; asset	-39.0	13.0	-10.8	-4.6	-4.8	0.3	-3.4	-10.3	2.7	4.0	-6.4	28
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset	-17.4	6.8	-45.5	-9.3	-17.6	33.2	-3.4	-49.3	-4.8	0.8	-125.5	29
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset	9.8	22.5	-12.7	-25.0	-26.3	1.4	-18.9	-56.4	15.0	21.8	-35.1	30
State and local governments, excluding employee retirement funds; municipal securities and loans; asset	1.0	1.4	0.1	-0.6	-0.7	0.0	-0.5	-1.5	0.4	0.6	-0.9	31
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset	3.3	7.4	-4.0	-8.0	-8.4	0.5	-6.1	-18.1	4.8	7.0	-11.2	32
State and local governments, excluding employee retirement funds; total mortgages; asset	5.0	10.0	-4.5	-9.9	-10.4	0.6	-7.5	-22.4	6.0	8.7	-13.9	33
State and local governments, excluding employee retirement funds; corporate equities; asset	-2.3	-0.2	-4.3	-4.3	-4.5	0.2	-3.2	-9.6	2.6	3.7	-6.0	34
State and local governments, excluding employee retirement funds; mutual fund shares; asset	1.7	2.8	-0.7	-2.2	-2.3	0.1	-1.7	-5.0	1.3	1.9	-3.1	35
State and local governments, excluding employee retirement funds; trade receivables; asset	-4.6	13.1	2.3	8.3	7.7	13.3	7.9	4.5	8.8	8.5	3.5	36
State and local governments, excluding employee retirement funds; taxes receivable; asset	-5.9	0.7	2.2	1.3	-1.9	-8.5	11.6	4.1	-0.3	-2.2	8.8	37
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets	25.2	-22.4	-3.2	-4.6	-4.9	0.3	-3.5	-10.5	2.8	4.1	-6.5	38
State and local governments, excluding employee retirement funds; total liabilities	445.0	377.3	272.7	184.8	162.4	297.3	242.7	36.8	298.8	339.1	161.0	39
State and local governments, excluding employee retirement funds; credit market instruments; liability	113.0	69.5	-52.7	-5.3	13.2	87.8	-6.5	-115.5	73.0	32.8	-117.0	40
State and local governments, excluding employee retirement funds; municipal securities and loans; liability	112.2	68.7	-53.6	-5.7	12.7	86.7	-6.1	-116.0	71.7	33.0	-116.9	41
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability	7.8	-0.7	-10.6	3.8	0.7	31.6	10.0	-27.2	-4.4	8.6	-19.4	42
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability	104.4	69.3	-42.9	-9.4	12.0	55.2	-16.1	-88.8	76.0	24.4	-97.5	43
State and local governments, excluding employee retirement funds; U.S. government loans; liability	0.8	0.9	0.9	0.4	0.5	1.1	-0.4	0.5	1.3	-0.2	-0.1	44
State and local governments, excluding employee retirement funds; trade payables; liability	38.9	38.5	38.4	39.1	38.9	39.1	39.2	39.2	39.2	39.3	39.9	45
State and local government employee retirement funds; claims of pension fund on sponsor; asset	293.0	269.3	287.0	151.0	110.3	170.5	210.1	113.1	186.5	267.0	238.2	46
State and local governments, excluding employee retirement funds; sector discrepancy	62.9	0.9	64.6	-46.5	-39.2	-68.1	-47.5	-31.3	-35.1	-4.4	72.7	47

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