Financial Accounts of the United States - Z.1
S13M.s State and local governments 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets | FL214090005 | 4807.8 | 4991.6 | 5253.4 | 5046.1 | 5148.7 | 5227.3 | 5253.4 | 5267.3 | 5373.5 |
| Line 2 | Checkable deposits and currency | FL213020005 | 375.8 | 390.7 | 431.5 | 397.1 | 392.1 | 390.4 | 431.5 | 421.7 | 427.2 |
| Line 3 | Time and savings deposits | FL213030000 | 374.3 | 374.1 | 353.8 | 365.1 | 361.4 | 352.9 | 353.8 | 351.4 | 341.4 |
| Line 4 | Debt securities | LM214022005 | 2473.0 | 2571.1 | 2736.3 | 2619.2 | 2698.7 | 2755.5 | 2736.3 | 2746.3 | 2815.9 |
| Line 5 | Open market paper | FL213069103 | 264.6 | 262.8 | 295.1 | 286.1 | 300.1 | 292.5 | 295.1 | 309.3 | 315.4 |
| Line 6 | Treasury securities | LM213061103 | 1438.3 | 1514.3 | 1601.5 | 1530.6 | 1573.6 | 1615.8 | 1601.5 | 1598.7 | 1647.6 |
| Line 7 | Agency- and GSE-backed securities | LM213061703 | 422.0 | 438.7 | 463.9 | 443.4 | 455.9 | 468.1 | 463.9 | 463.1 | 475.7 |
| Line 8 | Municipal securities | LM213062003 | 45.1 | 47.3 | 50.0 | 47.8 | 49.1 | 50.4 | 50.0 | 49.9 | 50.2 |
| Line 9 | Corporate and foreign bonds | LM213063003 | 303.0 | 308.0 | 325.8 | 311.3 | 320.1 | 328.7 | 325.8 | 325.2 | 327.0 |
| Line 10 | Loans | FL214035005 | 537.6 | 560.0 | 571.3 | 553.8 | 566.1 | 575.3 | 571.3 | 569.6 | 579.2 |
| Line 11 | Mortgages | FL213065005 | 228.4 | 233.7 | 248.1 | 237.2 | 240.8 | 244.4 | 248.1 | 248.1 | 248.1 |
| Line 12 | Other loans and advances(1) | FL213069200 | 91.5 | 98.6 | 82.4 | 86.5 | 88.7 | 88.0 | 82.4 | 81.1 | 89.4 |
| Line 13 | Corporate equities | LM213064103 | 134.4 | 140.8 | 148.9 | 142.3 | 146.3 | 150.2 | 148.9 | 148.6 | 149.4 |
| Line 14 | Money market fund shares | FL213034003 | 72.0 | 81.9 | 80.9 | 80.8 | 78.7 | 79.3 | 80.9 | 81.2 | 82.5 |
| Line 15 | Mutual fund shares | LM213064203 | 64.5 | 67.6 | 71.5 | 68.3 | 70.2 | 72.1 | 71.5 | 71.3 | 71.7 |
| Line 16 | Hedge fund shares | LM213064703 | 100.7 | 111.3 | 138.9 | 117.3 | 127.3 | 140.9 | 138.9 | 144.7 | 161.7 |
| Line 17 | Private debt fund shares | LM213064500 | 21.9 | 26.5 | 29.4 | 27.9 | 28.0 | 26.9 | 29.4 | 28.4 | 28.3 |
| Line 18 | Trade receivables | FL213070003 | 327.4 | 332.3 | 362.1 | 341.6 | 348.7 | 356.8 | 362.1 | 375.3 | 380.3 |
| Line 19 | Taxes receivable | FL213078005 | 275.6 | 288.5 | 301.8 | 291.2 | 294.5 | 297.6 | 301.8 | 306.9 | 309.8 |
| Line 20 | Miscellaneous assets | FL213093005 | 50.6 | 47.0 | 27.2 | 41.6 | 36.7 | 29.4 | 27.2 | 21.9 | 26.1 |
| Line 21 | Total liabilities | FL214190005 | 7846.8 | 7895.7 | 7653.9 | 8073.9 | 7842.0 | 7718.7 | 7653.9 | 7966.0 | 7634.1 |
| Line 22 | Debt securities (municipal securities) | FL213162005 | 3269.8 | 3369.6 | 3527.0 | 3396.6 | 3451.9 | 3497.4 | 3527.0 | 3572.8 | 3641.9 |
| Line 23 | Short-term(2) | FL213162400 | 26.9 | 34.6 | 38.6 | 32.1 | 31.8 | 36.5 | 38.6 | 38.2 | 40.9 |
| Line 24 | Long-term | FL213162200 | 3243.0 | 3334.9 | 3488.4 | 3364.5 | 3420.1 | 3460.9 | 3488.4 | 3534.6 | 3601.0 |
| Line 25 | Loans | FL214141005 | 152.0 | 147.9 | 151.6 | 147.4 | 149.0 | 150.5 | 151.6 | 150.9 | 148.6 |
| Line 26 | Depository institution loans n.e.c. | FL213168003 | 127.7 | 122.5 | 125.4 | 121.6 | 123.0 | 124.5 | 125.4 | 124.6 | 122.1 |
| Line 27 | Other loans and advances | FL213169203 | 24.3 | 25.5 | 26.2 | 25.8 | 26.0 | 26.0 | 26.2 | 26.3 | 26.5 |
| Line 28 | Trade payables | FL213170003 | 1299.4 | 1372.3 | 1448.7 | 1391.1 | 1409.9 | 1429.2 | 1448.7 | 1468.8 | 1489.9 |
| Line 29 | Claims of pension fund on sponsor(3) | FL223073045 | 3125.6 | 3005.9 | 2526.6 | 3138.8 | 2831.2 | 2641.5 | 2526.6 | 2773.6 | 2353.7 |
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: September 11, 2026