Financial Accounts of the United States - Z.1
S13M.t 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 | Current receipts, NIPA basis | FA216010105 | 3645.3 | 3790.9 | 3947.4 | 3871.8 | 3923.6 | 3969.2 | 4025.0 | 4068.2 | 4179.3 |
| Line 2 | Personal current taxes | FA216210001 | 557.2 | 585.0 | 635.3 | 615.7 | 629.0 | 638.7 | 657.6 | 656.7 | 692.1 |
| Line 3 | Taxes on production and imports | FA216240001 | 1684.0 | 1769.6 | 1846.1 | 1815.8 | 1832.5 | 1855.4 | 1880.8 | 1907.2 | 1943.1 |
| Line 4 | Taxes on corporate income | FA216231001 | 171.3 | 172.0 | 180.1 | 184.4 | 183.0 | 166.7 | 186.3 | 194.4 | 195.6 |
| Line 5 | Contributions for govt. social insurance | FA216601001 | 22.0 | 26.9 | 29.3 | 28.6 | 29.0 | 29.5 | 30.2 | 31.1 | 31.7 |
| Line 6 | Income receipts on assets | FA216150105 | 123.0 | 123.6 | 130.2 | 127.2 | 128.2 | 130.9 | 134.3 | 137.7 | 137.2 |
| Line 7 | Current transfer receipts | FA216403105 | 1131.9 | 1159.4 | 1177.7 | 1147.5 | 1172.7 | 1200.1 | 1190.7 | 1198.4 | 1239.3 |
| Line 8 | Current surplus of government enterprises | FA216402101 | -44.1 | -45.6 | -51.3 | -47.3 | -50.8 | -52.2 | -54.9 | -57.3 | -59.8 |
| Line 9 | Current expenditures, NIPA basis | FA216900005 | 3772.7 | 3969.6 | 4155.1 | 4056.3 | 4112.1 | 4211.4 | 4240.4 | 4288.5 | 4433.2 |
| Line 10 | Consumption expenditures | FA216901001 | 2426.2 | 2550.4 | 2669.3 | 2623.0 | 2644.3 | 2691.8 | 2718.1 | 2762.3 | 2876.0 |
| Line 11 | Govt. social benefit payments to persons | FA216404001 | 1065.8 | 1140.0 | 1214.8 | 1158.5 | 1195.0 | 1249.6 | 1256.1 | 1264.2 | 1297.9 |
| Line 12 | Other current transfer payments | FA216403001 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 13 | Interest payments | FA216130001 | 280.1 | 278.5 | 270.2 | 274.1 | 272.1 | 269.2 | 265.5 | 261.3 | 258.6 |
| Line 14 | Subsidies | FA216402001 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 |
| Line 15 | Net saving, NIPA basis | FA216006005 | -127.4 | -178.7 | -207.7 | -184.6 | -188.6 | -242.2 | -215.5 | -220.3 | -253.9 |
| Line 16 | + Consumption of fixed capital | FA216300001 | 395.2 | 410.4 | 431.7 | 422.4 | 427.9 | 434.6 | 441.8 | 446.2 | 455.5 |
| Line 17 | - Net capital transfers paid | FA215440005 | -96.1 | -127.4 | -123.1 | -121.3 | -113.4 | -115.7 | -142.0 | -119.4 | -124.5 |
| Line 18 | = Gross saving less net capital transfers paid | FA216000105 | 363.9 | 359.2 | 347.1 | 359.2 | 352.7 | 308.1 | 368.4 | 345.3 | 326.2 |
| Line 19 | Gross investment | FA215090005 | 325.2 | 331.4 | 284.6 | 264.9 | 355.1 | 250.5 | 267.9 | 326.2 | 297.6 |
| Line 20 | Fixed investment | FA215019001 | 549.3 | 598.4 | 638.9 | 622.8 | 636.2 | 642.9 | 653.6 | 667.7 | 679.2 |
| Line 21 | Nonproduced nonfinancial assets | FA215420003 | 19.6 | 20.9 | 22.5 | 21.9 | 22.3 | 22.7 | 23.2 | 23.8 | 24.0 |
| Line 22 | Net lending (+) or net borrowing (-) | FA215000005 | -243.6 | -287.9 | -376.8 | -379.8 | -303.4 | -415.2 | -408.9 | -365.2 | -405.6 |
| Line 23 | Net acquisition of financial assets | FA214090005 | 117.9 | 153.4 | 133.3 | 110.6 | 334.8 | 132.7 | -45.0 | 211.3 | 289.8 |
| Line 24 | Checkable deposits and currency | FA213020005 | 15.3 | 14.9 | 40.8 | 30.5 | -4.2 | 8.9 | 128.1 | -34.3 | 38.8 |
| Line 25 | Time and savings deposits | FA213030000 | 3.8 | -0.2 | -20.3 | 10.4 | -4.9 | -47.5 | -39.1 | 40.6 | -32.0 |
| Line 26 | Debt securities | FA214022005 | 92.6 | 116.8 | 87.5 | 4.6 | 290.4 | 133.8 | -78.9 | 108.6 | 307.4 |
| Line 27 | Open market paper | FA213069103 | 3.4 | -1.8 | 32.4 | 93.3 | 55.8 | -30.2 | 10.5 | 56.8 | 24.5 |
| Line 28 | Treasury securities | FA213061103 | 77.0 | 93.7 | 31.8 | -84.5 | 160.2 | 110.1 | -58.6 | 26.8 | 220.2 |
| Line 29 | Agency- and GSE-backed securities | FA213061703 | 9.9 | 13.8 | 14.3 | -4.5 | 42.9 | 39.0 | -20.3 | 7.1 | 62.4 |
| Line 30 | Municipal securities | FA213062003 | 2.0 | 2.7 | 2.3 | 4.4 | 7.1 | 0.8 | -3.2 | 1.7 | -2.1 |
| Line 31 | Corporate and foreign bonds | FA213063003 | 0.1 | 8.4 | 6.8 | -4.1 | 24.4 | 14.0 | -7.2 | 16.1 | 2.4 |
| Line 32 | Loans | FA214035005 | -26.5 | 22.5 | 11.4 | -18.5 | 89.0 | 28.2 | -53.1 | -0.1 | 82.2 |
| Line 33 | Security repurchase agreements | FA212051003 | 12.7 | 10.0 | 13.1 | 9.8 | 25.9 | 25.4 | -8.6 | -1.7 | 5.3 |
| Line 34 | Mortgages | FA213065005 | -30.9 | 5.4 | 14.5 | 14.2 | 14.4 | 14.6 | 14.8 | 0.1 | 0.1 |
| Line 35 | Other loans and advances(1) | FA213069200 | -8.4 | 7.1 | -16.2 | -42.5 | 48.7 | -11.8 | -59.3 | 1.5 | 76.8 |
| Line 36 | Corporate equities | FA213064103 | -18.9 | -22.0 | -14.5 | 35.2 | -45.0 | -30.5 | -17.6 | 24.5 | -88.2 |
| Line 37 | Money market fund shares | FA213034003 | 6.8 | 9.9 | -1.0 | -4.5 | -8.3 | 2.2 | 6.6 | 1.2 | 5.2 |
| Line 38 | Mutual fund shares | FA213064203 | -4.0 | -4.2 | -4.8 | 7.6 | -13.6 | -7.0 | -6.1 | 5.9 | -28.5 |
| Line 39 | Hedge fund shares | FA213064703 | 13.8 | -3.1 | 8.3 | 19.9 | 14.2 | 28.7 | -29.4 | 21.2 | 5.6 |
| Line 40 | Private debt fund shares | FA213064500 | 5.9 | 4.6 | 2.6 | 6.6 | 4.0 | -4.5 | 4.4 | -0.5 | 4.2 |
| Line 41 | Trade receivables | FA213070003 | 17.5 | 4.9 | 29.8 | 37.1 | 28.5 | 32.5 | 21.0 | 53.0 | 19.9 |
| Line 42 | Taxes receivable | FA213078005 | 25.9 | 12.9 | 13.3 | 4.8 | 8.5 | 17.5 | 22.3 | 13.9 | 6.2 |
| Line 43 | Miscellaneous assets | FA213093005 | -14.3 | -3.5 | -19.8 | -23.2 | -23.6 | -29.5 | -3.1 | -22.5 | -31.0 |
| Line 44 | Net increase in liabilities | FA214190005 | 361.5 | 441.3 | 510.1 | 490.4 | 638.2 | 547.9 | 363.9 | 576.5 | 695.3 |
| Line 45 | Debt securities (municipal securities) | FA213162005 | 23.6 | 99.7 | 157.5 | 144.7 | 284.0 | 192.1 | 9.1 | 226.5 | 347.2 |
| Line 46 | Short-term(2) | FA213162400 | 1.4 | 7.7 | 3.9 | -7.9 | 5.6 | 24.9 | -6.8 | 0.9 | 15.4 |
| Line 47 | Long-term | FA213162200 | 22.1 | 92.0 | 153.5 | 152.6 | 278.4 | 167.1 | 15.9 | 225.7 | 331.8 |
| Line 48 | Loans | FA214141005 | -4.0 | -4.0 | 3.6 | -2.0 | 6.1 | 6.2 | 4.1 | -2.7 | -8.9 |
| Line 49 | Depository institution loans n.e.c. | FA213168003 | -5.0 | -5.2 | 2.9 | -3.3 | 5.3 | 6.2 | 3.3 | -3.2 | -9.7 |
| Line 50 | Other loans and advances | FA213169203 | 1.0 | 1.2 | 0.7 | 1.3 | 0.8 | 0.0 | 0.8 | 0.5 | 0.8 |
| Line 51 | Trade payables | FA213170003 | 69.4 | 72.9 | 76.4 | 75.0 | 75.5 | 77.0 | 78.1 | 80.1 | 84.5 |
| Line 52 | Claims of pension fund on sponsor(3) | FA223073045 | 272.6 | 272.7 | 272.6 | 272.7 | 272.6 | 272.6 | 272.6 | 272.6 | 272.5 |
| Line 53 | Discrepancy | FA217005005 | 38.7 | 27.7 | 62.5 | 94.3 | -2.4 | 57.6 | 100.4 | 19.0 | 28.6 |
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