FRB: Z.1 Release--S.8.a--State and Local Governments--December 9, 2013

S.8.a State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	Line
State and local governments; gross value added (IMA)	1077.2	1137.7	1191.7	1250.3	1318.5	1385.2	1419.4	1454.2	1468.0	1491.9	1
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis)	134.5	143.8	157.3	170.3	186.6	200.2	208.2	212.7	221.7	231.4	2
State and local governments; net value added (IMA)	942.6	993.9	1034.4	1080.0	1131.9	1185.0	1211.3	1241.5	1246.3	1260.6	3
State and local governments; compensation of employees paid (IMA)	945.4	1000.6	1041.8	1091.1	1150.4	1207.1	1232.6	1261.3	1262.8	1274.8	4
State and local governments; wages and salaries paid (IMA)	678.5	702.7	728.0	763.3	805.6	847.4	862.9	862.6	862.8	869.3	5
State and local governments; employers' social contributions paid (IMA)	266.9	297.9	313.7	327.8	344.9	359.7	369.7	398.7	400.0	405.5	6
State and local governments; operating surplus, net	-2.8	-6.7	-7.3	-11.1	-18.5	-22.0	-21.4	-19.8	-16.5	-14.3	7
State and local governments; net national income/balance of primary incomes, net (IMA)	673.5	728.0	804.2	868.3	910.7	901.6	811.0	829.5	858.5	857.7	8
State and local governments; operating surplus, net	-2.8	-6.7	-7.3	-11.1	-18.5	-22.0	-21.4	-19.8	-16.5	-14.3	9
State and local governments; taxes on production and imports, receivable (IMA)	717.8	768.7	835.1	892.7	940.0	947.9	934.8	960.4	988.5	1004.9	10
State and local governments; subsidies paid (with negative sign) (IMA)	-0.1	-0.4	-0.4	-0.4	-7.1	-3.0	-1.4	-1.6	-0.5	-0.5	11
State and local governments; property income (received) (IMA)	73.8	76.8	88.6	107.2	117.9	105.7	87.8	82.6	80.0	78.5	12
State and local governments; interest received (IMA)	64.5	66.4	76.8	94.7	104.2	91.0	74.4	69.1	66.3	64.2	13
State and local governments; dividends received (IMA)	1.7	2.0	2.0	2.1	2.2	2.6	2.1	2.3	2.3	2.4	14
State and local governments; rents on land and natural resources received (IMA)	7.6	8.5	9.8	10.4	11.5	12.1	11.2	11.2	11.4	11.9	15
State and local governments; interest paid (IMA Q4)	115.2	110.5	111.8	120.1	121.5	127.0	188.8	192.1	192.9	211.0	16
State and local governments; net national income/balance of primary incomes, net (IMA)	673.5	728.0	804.2	868.3	910.7	901.6	811.0	829.5	858.5	857.7	17
State and local governments; current taxes on income, wealth, etc. received (IMA)	260.8	289.2	331.4	361.7	381.4	381.0	333.4	345.3	377.7	400.2	18
State and local governments; contributions for government social insurance received	19.9	24.7	24.6	21.5	18.9	18.7	18.6	18.1	18.3	17.5	19
State and local governments; social contributions paid	353.6	385.0	406.6	403.9	433.3	455.4	492.6	523.8	532.0	544.3	20
State and local governments; other current transfer received	405.0	422.4	436.4	438.9	460.9	477.8	566.1	612.0	581.8	552.6	21
State and local governments; disposable income, net (IMA)	1005.7	1079.2	1190.0	1286.5	1338.6	1323.7	1236.4	1281.0	1304.3	1283.7	22
State and local governments; consumption expenditures	1127.1	1187.6	1256.6	1325.9	1411.4	1488.7	1508.4	1518.3	1517.4	1536.4	23
State and local governments; net saving including net capital transfers paid (IMA)	-121.4	-108.4	-66.6	-39.4	-72.7	-165.1	-271.9	-237.3	-213.1	-252.7	24
State and local governments; net saving less net capital transfers paid (IMA)	-69.5	-60.4	-16.2	18.4	-13.4	-101.8	-204.2	-160.6	-139.2	-178.6	25
State and local governments; net saving including net capital transfers paid (IMA)	-121.4	-108.4	-66.6	-39.4	-72.7	-165.1	-271.9	-237.3	-213.1	-252.7	26
State and local governments; net capital transfers paid	-52.0	-48.0	-50.4	-57.8	-59.3	-63.2	-67.7	-76.7	-73.9	-74.1	27
State and local governments; capital formation, net (IMA)	145.8	145.0	143.5	155.0	167.9	172.5	167.2	149.7	125.7	113.8	28
State and local governments; gross fixed investment	268.9	277.5	290.8	314.3	340.8	358.8	363.0	351.9	337.2	334.9	29
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis)	134.5	143.8	157.3	170.3	186.6	200.2	208.2	212.7	221.7	231.4	30
State and local governments; acquisition of nonproduced nonfinancial assets (net)	11.4	11.3	10.0	11.0	13.6	13.8	12.3	10.6	10.1	10.2	31
State and local governments; net lending (+) or borrowing (-) (capital account) (IMA)	-215.2	-205.4	-159.7	-136.6	-181.2	-274.3	-371.4	-310.3	-264.8	-292.4	32
State and local governments; net lending (+) or borrowing (-) (capital account) (IMA)	-215.2	-205.4	-159.7	-136.6	-181.2	-274.3	-371.4	-310.3	-264.8	-292.4	33
State and local governments, excluding employee retirement funds; total financial assets	46.2	171.2	254.1	205.1	237.9	-103.4	10.8	66.1	-56.7	-61.0	34
State and local governments, excluding employee retirement funds; total currency and deposits; asset	27.3	4.2	19.0	22.3	33.0	27.3	28.4	-1.3	31.1	11.3	35
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset	7.0	-3.5	15.8	5.4	-0.2	8.5	19.2	5.6	16.6	-8.9	36
State and local governments, excluding employee retirement funds; total time and savings deposits; asset	20.3	7.7	3.2	16.9	33.3	18.8	9.3	-6.9	14.4	20.3	37
State and local governments, excluding employee retirement funds; debt securities; asset	22.8	95.7	155.6	109.9	135.3	-91.8	-42.3	51.1	-72.9	-47.5	38
State and local governments, excluding employee retirement funds; commercial paper; asset	-0.7	2.7	-0.1	-1.4	-2.4	-22.0	-39.0	13.0	-10.8	-4.6	39
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset	7.1	43.1	107.3	58.3	77.3	-46.4	-17.4	6.8	-45.5	-9.3	40
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset	12.0	36.8	35.7	39.0	44.3	-18.3	9.8	22.5	-12.7	-25.0	41
State and local governments, excluding employee retirement funds; municipal securities and loans; asset	0.4	1.1	1.2	1.4	1.6	0.4	1.0	1.4	0.1	-0.6	42
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset	3.9	11.9	11.5	12.6	14.3	-5.6	3.3	7.4	-4.0	-8.0	43
State and local governments, excluding employee retirement funds; total loans including security repurchase agreements; asset	6.6	22.0	20.3	21.8	24.5	-18.0	0.7	8.7	-11.0	-15.9	44
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset	1.7	7.1	5.7	5.7	6.2	-12.0	-4.2	-1.4	-6.5	-5.9	45
State and local governments, excluding employee retirement funds; total mortgages; asset	5.0	14.9	14.6	16.1	18.3	-6.0	5.0	10.0	-4.5	-9.9	46
State and local governments, excluding employee retirement funds; equity and investment fund shares; asset (IMA)	-4.7	21.5	21.5	23.8	27.2	-5.8	9.1	16.3	-5.1	-14.0	47
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset	4.8	12.8	13.6	15.4	17.8	2.7	9.8	13.7	-0.1	-7.5	48
State and local governments, excluding employee retirement funds; corporate equities; asset	-7.9	5.3	4.4	4.5	4.9	-7.8	-2.3	-0.2	-4.3	-4.3	49
State and local governments, excluding employee retirement funds; mutual fund shares; asset	-1.6	3.4	3.5	3.9	4.4	-0.7	1.7	2.8	-0.7	-2.2	50
State and local governments, excluding employee retirement funds; other accounts receivable; asset (IMA)	-5.8	27.8	37.7	27.4	17.9	-15.0	14.7	-8.7	1.3	5.0	51
State and local governments, excluding employee retirement funds; trade receivables; asset	-1.9	8.5	17.4	8.9	7.8	-15.4	-4.6	13.1	2.3	8.3	52
State and local governments, excluding employee retirement funds; taxes receivable; asset	0.8	12.9	14.3	12.1	3.0	5.6	-5.9	0.7	2.2	1.3	53
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets	-4.7	6.4	6.0	6.4	7.2	-5.3	25.2	-22.4	-3.2	-4.6	54
State and local governments, excluding employee retirement funds; total liabilities	268.1	329.0	230.7	213.9	306.5	233.0	445.0	377.3	272.7	184.8	55
State and local governments, excluding employee retirement funds; municipal securities and loans; liability	120.5	178.5	141.1	100.3	146.0	17.1	112.2	68.7	-53.6	-5.7	56
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability	10.4	22.2	-1.7	-8.2	16.8	4.6	7.8	-0.7	-10.6	3.8	57
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability	110.1	156.3	142.8	108.5	129.2	12.5	104.4	69.3	-42.9	-9.4	58
State and local governments, excluding employee retirement funds; U.S. government loans; liability	0.1	0.3	0.6	0.6	0.7	0.8	0.8	0.9	0.9	0.4	59
State and local government employee retirement funds; claims of pension fund on sponsor; asset	118.8	120.2	57.1	78.7	123.1	176.5	293.0	269.3	287.0	151.0	60
State and local governments, excluding employee retirement funds; trade payables; liability	28.8	30.0	31.9	34.3	36.7	38.6	38.9	38.5	38.4	39.1	61
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account)	-221.9	-157.8	23.4	-8.7	-68.6	-336.4	-434.2	-311.2	-329.4	-245.8	62
State and local governments, excluding employee retirement funds; total other volume changes (IMA)	338.6	-698.5	215.9	318.9	221.5	-984.2	362.5	40.3	-54.3	342.2	63
State and local governments, excluding employee retirement funds; disaster losses	0.0	0.0	10.7	0.0	0.0	0.0	0.0	0.0	0.0	7.6	64
State and local governments, excluding employee retirement funds; other volume changes (IMA)	345.2	-746.1	22.0	191.0	108.9	-922.1	425.3	41.2	10.3	288.1	65
State and local governments, excluding employee retirement funds; statistical discrepancy (IMA)	6.6	-47.6	-183.1	-127.9	-112.7	62.1	62.9	0.9	64.6	-46.5	66
State and local governments, excluding employee retirement funds; revaluation of nonfinancial assets adjusted to exclude disaster-related losses (IMA)	91.5	504.5	473.4	605.0	460.9	411.4	-105.2	175.7	392.5	225.4	67
State and local governments, excluding employee retirement funds; total residenital and nonresidential structures excluding disaster-related losses on structures	91.5	501.0	472.2	602.7	457.9	403.0	-104.3	171.9	386.1	225.3	68
State and local governments, excluding employee retirement funds; nonresidential equipment excluding disaster-related losses on equipment	-0.6	2.6	0.4	1.1	0.6	6.6	-1.1	2.4	4.6	-1.3	69
State and local governments, excluding employee retirement funds; nonresidential intellectual property products, current cost basis	0.6	0.9	0.8	1.1	2.4	1.8	0.3	1.4	1.9	1.3	70
State and local governments, excluding employee retirement funds; equity and investment fund shares; asset (IMA)	29.0	11.8	5.4	16.9	5.1	-61.0	33.4	21.6	1.7	18.0	71
State and local governments, excluding employee retirement funds; changes in net worth due to nominal holding gains/losses, excluding-disaster related losses on structures (IMA)	120.5	516.3	478.9	621.8	466.0	350.5	-71.8	197.3	394.3	243.4	72
State and local governments, excluding employee retirement funds; net worth (IMA)	389.7	-242.6	678.6	959.1	674.1	-735.6	86.5	77.0	200.8	407.0	73
State and local governments, excluding employee retirement funds; total assets (does not include land)	6899.9	7721.2	8576.9	9547.9	10406.1	10811.9	10905.7	11308.0	11760.7	12058.0	74
State and local governments, excluding employee retirement funds; nonfinancial assets (does not include land)	5024.4	5662.8	6259.0	7008.0	7623.1	8193.3	8243.0	8557.5	9065.2	9386.3	75
State and local governments, excluding employee retirement funds; total residenital and nonresidential structures	4760.4	5388.1	5976.8	6715.1	7314.8	7863.3	7903.6	8207.7	8703.7	9020.8	76
State and local governments, excluding employee retirement funds; nonresidential equipment, current cost basis	196.6	203.3	206.9	212.7	221.5	236.4	240.9	245.4	250.8	249.8	77
State and local governments, excluding employee retirement funds; nonresidential intellectual property products, current cost basis	67.5	71.4	75.3	80.2	86.9	93.6	98.5	104.4	110.7	115.7	78
State and local governments, excluding employee retirement funds; total financial assets	1875.5	2058.4	2317.9	2539.9	2783.0	2618.6	2662.8	2750.5	2695.5	2671.6	79
State and local governments, excluding employee retirement funds; total currency and deposits; asset	212.8	217.0	236.1	258.4	291.4	318.8	347.2	345.9	377.0	407.4	80
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset	53.8	50.4	66.2	71.6	71.4	79.9	99.1	104.6	121.3	117.7	81
State and local governments, excluding employee retirement funds; total time and savings deposits; asset	159.0	166.7	169.9	186.8	220.0	238.9	248.1	241.3	255.7	289.8	82
State and local governments, excluding employee retirement funds; debt securities; asset	965.8	1061.5	1217.1	1327.0	1462.3	1370.5	1328.2	1379.3	1306.4	1258.9	83
State and local governments, excluding employee retirement funds; commercial paper; asset	150.6	153.4	153.2	151.9	149.5	127.5	88.5	101.5	90.7	86.1	84
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset	361.8	404.9	512.2	570.5	647.8	601.4	584.1	590.9	545.4	536.2	85
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset	340.8	377.6	413.3	452.3	496.6	478.4	488.1	510.6	497.9	472.9	86
State and local governments, excluding employee retirement funds; municipal securities and loans; asset	4.5	5.7	6.9	8.3	10.0	10.4	11.4	12.8	12.9	12.2	87
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset	108.1	119.9	131.4	144.0	158.4	152.8	156.1	163.5	159.6	151.5	88
State and local governments, excluding employee retirement funds; total loans including security repurchase agreements; asset	246.6	268.5	288.8	310.6	335.1	317.0	317.8	326.4	315.4	299.6	89
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset	117.2	124.3	130.0	135.7	141.8	129.8	125.5	124.2	117.7	111.7	90
State and local governments, excluding employee retirement funds; total mortgages; asset	129.3	144.2	158.9	174.9	193.2	187.3	192.2	202.2	197.8	187.8	91
State and local governments, excluding employee retirement funds; equity and investment fund shares; asset (IMA)	186.5	219.7	246.6	287.2	319.6	252.8	295.3	333.2	329.8	333.9	92
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset	63.5	76.3	89.9	105.2	123.1	125.7	135.5	149.3	149.2	141.7	93
State and local governments, excluding employee retirement funds; corporate equities; asset	93.5	107.6	116.1	132.9	141.6	90.8	111.5	125.8	122.7	130.3	94
State and local governments, excluding employee retirement funds; mutual fund shares; asset	29.5	35.8	40.7	49.1	54.9	36.2	48.3	58.2	58.0	61.9	95
State and local governments, excluding employee retirement funds; other accounts receivable; asset (IMA)	263.8	291.6	329.3	356.7	374.6	359.6	374.3	365.6	366.9	371.9	96
State and local governments, excluding employee retirement funds; trade receivables; asset	116.6	125.0	142.5	151.3	159.1	143.7	139.1	152.2	154.5	162.8	97
State and local governments, excluding employee retirement funds; taxes receivable; asset	75.1	88.0	102.3	114.4	117.4	123.0	117.1	117.8	120.0	121.3	98
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets	72.2	78.6	84.6	90.9	98.1	92.9	118.1	95.7	92.4	87.8	99
State and local governments, excluding employee retirement funds; total liabilities and net worth (IMA)	6899.9	7721.2	8576.9	9547.9	10406.1	10811.9	10905.7	11308.0	11760.7	12058.0	100
State and local governments, excluding employee retirement funds; total liabilities	2144.9	3208.7	3385.9	3397.8	3581.9	4723.3	4730.6	5055.9	5307.8	5198.1	101
State and local governments, excluding employee retirement funds; municipal securities and loans; liability	1558.8	2438.2	2579.2	2679.6	2825.6	2842.7	2954.9	3023.6	2970.0	2964.3	102
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability	106.1	44.2	42.5	34.3	51.2	55.8	63.6	63.0	52.3	56.1	103
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability	1452.7	2393.9	2536.7	2645.2	2774.4	2786.9	2891.3	2960.6	2917.6	2908.2	104
State and local governments, excluding employee retirement funds; U.S. government loans; liability	9.7	10.0	10.6	11.2	11.9	12.7	13.5	14.4	15.3	15.7	105
State and local government employee retirement funds; claims of pension fund on sponsor; asset	156.3	310.5	314.0	190.8	191.4	1276.3	1131.7	1348.9	1615.1	1471.5	106
State and local governments, excluding employee retirement funds; trade payables; liability	420.1	450.1	482.0	516.2	553.0	591.6	630.5	669.0	707.4	746.5	107
State and local governments, excluding employee retirement funds; net worth (IMA)	4755.0	4512.4	5191.0	6150.1	6824.2	6088.6	6175.1	6252.1	6452.9	6859.9	108

FOOTNOTES

Statistical releases