FRB: Z.1 Release--F.104--State and Local Governments--June 6, 2013

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

Description	2007	2008	2009	2010	2011	2012	2012 Q1	2012 Q2	2012 Q3	2012 Q4	2013 Q1	Line
State and local governments; current receipts, NIPA basis	1923.1	1944.8	1961.4	2042.4	2064.4	2069.5	2050.4	2066.7	2069.2	2091.9	2104.1	1
State and local governments; personal current taxes	323.1	334.4	287.6	300.6	322.8	335.8	325.9	334.2	335.0	348.0	359.9	2
State and local governments; taxes on production and imports, receivable (IMA)	932.7	944.6	931.8	959.5	990.4	1014.0	1015.2	1015.7	1012.3	1012.8	1026.2	3
State and local governments; taxes on corporate income (accrual basis)	57.8	47.4	45.5	44.5	47.6	48.2	50.1	46.2	48.4	48.1	48.9	4
State and local governments; contributions for government social insurance received	18.9	19.0	19.0	18.4	18.3	17.5	17.8	17.5	17.3	17.2	17.2	5
State and local governments; property income (received)	114.5	106.8	95.0	88.8	86.4	85.4	85.7	85.8	85.0	85.3	85.2	6
State and local governments; other current transfer received	485.1	505.0	593.6	643.2	612.7	584.9	571.1	583.4	587.8	597.5	583.8	7
State and local governments; operating surplus, net	-9.1	-12.3	-11.1	-12.5	-13.8	-16.3	-15.4	-16.1	-16.7	-17.0	-17.2	8
State and local governments; current expenditures	1910.8	2017.0	2074.6	2132.1	2166.3	2198.5	2178.1	2190.3	2209.2	2216.4	2220.3	9
State and local governments; consumption expenditures	1368.9	1449.2	1473.3	1496.2	1518.0	1530.8	1531.4	1525.5	1532.4	1534.0	1535.6	10
State and local governments; social contributions paid	433.7	456.7	495.1	528.3	538.5	554.2	534.4	551.6	563.7	567.2	568.2	11
State and local governments; interest paid (IMA)	101.1	108.1	104.8	106.0	109.2	113.0	111.9	112.8	112.6	114.8	116.0	12
State and local governments; subsidies paid	7.1	3.0	1.4	1.6	0.5	0.5	0.5	0.5	0.5	0.5	0.5	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	12.2	-72.2	-113.2	-89.7	-102.0	-129.0	-127.6	-123.7	-140.0	-124.5	-116.2	15
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis)	178.7	191.2	198.8	203.3	212.4	222.4	219.2	221.7	223.6	225.1	226.8	16
State and local governments; net capital transfers paid	-58.9	-62.8	-66.5	-75.6	-72.5	-70.7	-68.5	-70.4	-71.6	-72.2	-65.2	17
State and local governments; gross saving less net capital transfers paid	249.8	181.8	152.0	189.2	182.9	164.2	160.1	168.5	155.3	172.8	175.9	18
State and local governments; gross investment	271.0	201.2	174.9	223.7	202.9	182.1	180.1	188.4	171.2	188.8	191.9	19
State and local governments; gross fixed investment	329.0	348.8	350.3	338.2	319.7	317.7	315.5	317.5	319.5	318.3	310.8	20
State and local governments; acquisition of nonproduced nonfinancial assets (net)	13.8	14.1	12.7	11.5	11.5	10.9	11.2	11.0	10.8	10.6	10.4	21
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account)	-71.8	-161.7	-188.1	-126.0	-128.3	-146.5	-146.7	-140.1	-159.1	-140.2	-129.3	22
State and local governments, excluding employee retirement funds; total financial assets	111.9	-104.6	-35.4	-16.5	-140.8	-111.4	-107.3	-6.8	-121.4	-209.9	-33.9	23
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset	-0.2	8.5	19.2	5.6	16.7	-8.7	-8.8	-8.0	-6.6	-11.6	12.8	24
State and local governments, excluding employee retirement funds; total time and savings deposits; asset	33.3	18.8	9.3	-6.9	15.3	22.0	3.0	34.9	42.7	7.3	6.3	25
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset	17.3	-3.3	8.9	7.9	-3.3	-7.0	-3.9	-4.5	-6.3	-13.3	1.3	26
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset	6.4	-15.7	-3.8	-5.1	-8.3	-5.5	-3.1	-3.6	-5.0	-10.5	1.1	27
State and local governments, excluding employee retirement funds; credit market instruments; asset	97.4	-204.3	-74.8	35.4	-90.6	-52.0	-67.1	-4.2	-28.3	-108.5	10.8	28
State and local governments, excluding employee retirement funds; commercial paper; asset	-15.8	-81.9	-73.2	60.2	23.9	-6.0	-3.4	-3.9	-5.4	-11.3	1.1	29
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset	36.4	-61.5	21.0	-7.9	-53.4	-7.9	-10.9	25.8	-6.4	-40.2	-18.1	30
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities;; asset	43.9	-36.1	-31.1	-15.3	-47.0	-22.9	-43.1	-15.1	-5.0	-28.3	20.5	31
State and local governments, excluding employee retirement funds; municipal securities and loans; asset	1.6	-0.1	0.9	0.8	-0.2	-0.6	-0.3	-0.4	-0.5	-1.1	0.1	32
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset	14.2	-11.4	3.0	1.7	-6.9	-7.5	-4.2	-4.8	-6.7	-14.2	1.4	33
State and local governments, excluding employee retirement funds; total mortgages; asset	17.3	-13.3	4.5	-4.1	-6.8	-7.2	-5.2	-5.9	-4.2	-13.4	5.8	34
State and local governments, excluding employee retirement funds; corporate equities; asset	-1.9	7.6	10.4	-15.5	-6.6	-14.1	-37.9	7.8	-19.6	-6.4	-28.0	35
State and local governments, excluding employee retirement funds; mutual fund shares; asset	1.2	15.6	-7.9	-4.9	-2.0	-7.2	-19.5	4.0	-10.1	-3.3	9.6	36
State and local governments, excluding employee retirement funds; trade receivables; asset	-12.5	-22.3	-18.6	-19.3	-9.7	0.0	0.0	0.0	0.0	0.0	0.0	37
State and local governments, excluding employee retirement funds; taxes receivable; asset	2.7	2.2	-6.7	-2.2	6.9	9.9	12.4	5.4	10.2	11.6	11.2	38
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets	-31.9	88.3	28.7	-11.4	-59.2	-48.7	17.8	-38.6	-98.6	-75.3	-59.0	39
State and local governments, excluding employee retirement funds; total liabilities	183.7	57.1	152.7	109.6	-12.5	35.2	39.4	133.3	37.7	-69.7	95.5	40
State and local governments, excluding employee retirement funds; credit market instruments; liability	146.7	17.9	113.0	69.5	-52.7	-5.3	-1.0	93.0	-2.8	-110.2	55.2	41
State and local governments, excluding employee retirement funds; municipal securities and loans; liability	146.0	17.1	112.2	68.7	-53.6	-5.7	-1.6	92.0	-2.4	-110.7	53.9	42
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability	16.8	4.6	7.8	-0.7	-10.6	3.8	-3.4	36.3	15.2	-32.9	-9.4	43
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability	129.2	12.5	104.4	69.3	-42.9	-9.4	1.9	55.7	-17.6	-77.8	63.3	44
State and local governments, excluding employee retirement funds; U.S. government loans; liability	0.7	0.8	0.8	0.9	0.9	0.4	0.5	1.1	-0.4	0.5	1.3	45
State and local governments, excluding employee retirement funds; trade payables; liability	37.0	39.2	39.6	40.0	40.2	40.4	40.4	40.3	40.5	40.5	40.3	46
State and local governments, excluding employee retirement funds; sector discrepancy	-21.2	-19.4	-22.8	-34.5	-20.0	-18.0	-19.9	-19.9	-15.9	-16.0	-16.0	47

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