Financial Accounts of the United States - Z.1
F.212 Municipal securities
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net issues | FA383162005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | State and local governments | FA213162005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Short-term1 | FA213162400 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Long-term | FA213162200 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Nonprofit organizations2 | FA163162003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Nonfinancial corporate business (industrial revenue bonds) | FA103162000 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Net purchases | FA893062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Household sector | FA153062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Nonfinancial corporate business | FA103062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Nonfinancial noncorporate business | FA113062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | State and local governments | FA213062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | U.S.-chartered depository institutions | FA763062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Foreign banking offices in U.S. | FA753062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Banks in U.S.-affiliated areas | FA743062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Credit unions | FA473062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Property-casualty insurance companies | FA513062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Life insurance companies | FA543062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Federal government pension funds | FA343062033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | State and local govt. pension funds | FA223062043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Money market funds | FA633062000 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Mutual funds | FA653062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Closed-end funds | FA553062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Exchange-traded funds | FA563062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Government-sponsored enterprises | FA403062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Brokers and dealers | FA663062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Other financial business | FA503062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Rest of the world | FA263062003 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Debt with original maturity of 13 months or less.
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: March 9, 2026