Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: December 11, 2014
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F.104 State and Local Governments 1
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description
2010
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State and local governments; current receipts, NIPA basis 1998.5 2030.5 2061.2 2125.6 2111.1 2121.2 2134.2 2135.9 2157.0 2193.8 2227.1 1
State and local governments; personal current taxes 297.6 324.1 354.7 375.0 383.3 381.7 366.0 368.8 371.5 359.1 365.5 2
State and local governments; taxes on production and imports, receivable (IMA) 960.4 994.0 1017.0 1041.6 1035.6 1032.3 1046.2 1052.2 1052.5 1064.6 1071.4 3
State and local governments; taxes on corporate income (accrual basis) 47.7 50.2 53.2 55.3 55.5 54.1 55.4 56.1 55.9 56.8 57.8 4
State and local governments; contributions for government social insurance received 18.1 18.2 17.7 17.7 17.7 17.7 17.7 17.7 17.7 17.7 17.6 5
State and local governments; property income (received) 82.6 79.2 78.6 79.7 79.1 79.5 80.0 80.3 80.5 80.9 81.3 6
State and local governments; other current transfer received 612.0 582.1 556.2 570.8 554.7 570.4 583.2 574.9 593.1 629.1 648.3 7
State and local governments; operating surplus, net -19.8 -17.4 -16.2 -14.3 -14.8 -14.4 -14.1 -14.1 -14.1 -14.3 -14.7 8
State and local governments; current expenditures 2235.8 2246.4 2293.8 2350.7 2329.1 2342.3 2364.1 2367.5 2397.9 2420.9 2458.9 9
State and local governments; consumption expenditures 1518.3 1524.8 1546.1 1584.5 1573.3 1579.7 1590.2 1594.9 1607.4 1616.6 1628.6 10
State and local governments; social contributions paid 523.8 530.4 540.6 565.4 552.1 561.9 574.5 573.3 592.5 607.8 635.8 11
State and local governments; interest paid (IMA) 192.1 190.7 206.6 200.3 203.2 200.3 198.8 198.8 197.5 196.1 193.9 12
State and local governments; subsidies paid 1.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 13
State and local governments; net saving including net capital transfers paid -237.3 -215.9 -232.6 -225.1 -218.0 -221.1 -229.9 -231.6 -240.9 -227.1 -231.8 14
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) 212.7 222.2 231.8 238.4 235.6 237.3 239.3 241.4 243.1 244.7 246.5 15
State and local governments; net capital transfers paid -76.7 -73.8 -74.2 -71.6 -72.1 -69.1 -75.2 -70.0 -70.3 -72.2 -76.7 16
State and local governments; gross saving less net capital transfers paid 52.2 80.1 73.5 84.9 89.7 85.3 84.6 79.8 72.5 89.7 91.4 17
State and local governments; gross investment 53.8 34.6 106.0 64.0 100.1 74.5 9.9 71.7 46.6 -108.7 -4.6 18
State and local governments; gross fixed investment 351.9 340.5 331.6 327.8 320.7 328.5 330.5 331.6 323.6 336.1 337.8 19
State and local governments; acquisition of nonproduced nonfinancial assets (net) 10.6 9.2 8.7 9.0 9.0 9.0 9.0 8.9 8.6 8.4 8.2 20
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) -308.6 -315.2 -234.4 -272.8 -229.5 -263.1 -329.6 -268.8 -285.6 -453.1 -350.6 21
State and local governments, excluding employee retirement funds; total financial assets 74.9 -12.9 99.2 17.9 172.8 -10.3 -83.0 -7.9 123.8 -264.0 -90.3 22
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset 5.7 16.6 -9.4 6.7 8.8 -8.1 24.1 1.9 9.9 2.5 19.1 23
State and local governments, excluding employee retirement funds; total time and savings deposits; asset -5.9 15.6 19.6 12.4 16.1 -7.2 29.1 11.5 47.9 -11.2 38.9 24
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset 14.1 3.7 8.0 4.7 15.0 3.2 -2.0 2.5 11.8 -23.1 -11.0 25
State and local governments, excluding employee retirement funds; federal funds and security repurchase agreements; asset -1.1 -3.4 6.8 4.2 12.3 3.0 -1.1 2.5 9.9 -17.9 -8.3 26
State and local governments, excluding employee retirement funds; credit market instruments; asset 67.4 -47.6 54.6 -29.7 84.7 -16.2 -144.7 -42.7 26.3 -217.1 -122.7 27
State and local governments, excluding employee retirement funds; commercial paper; asset 13.2 -11.1 -5.9 -8.1 -2.6 -9.0 -11.6 -9.4 -5.0 -20.4 -14.8 28
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset 7.8 -31.8 46.5 -14.5 36.7 8.1 -89.3 -13.6 1.0 -42.3 -18.4 29
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset 23.7 -6.8 -2.1 -13.8 18.5 -18.6 -34.3 -20.9 6.9 -94.3 -58.4 30
State and local governments, excluding employee retirement funds; municipal securities and loans; asset 1.4 0.4 0.5 0.2 1.1 0.1 -0.4 0.0 0.8 -2.1 -1.1 31
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset 7.8 -0.5 6.1 2.4 13.3 0.9 -4.5 0.1 9.8 -26.2 -13.7 32
State and local governments, excluding employee retirement funds; total mortgages; asset 13.5 2.2 9.5 4.1 17.8 2.3 -4.6 1.0 12.9 -31.8 -16.3 33
State and local governments, excluding employee retirement funds; corporate equities; asset -0.0 -2.5 3.2 1.3 7.1 0.5 -2.4 0.1 5.2 -14.0 -7.3 34
State and local governments, excluding employee retirement funds; mutual fund shares; asset 2.9 0.3 1.7 0.7 3.6 0.2 -1.2 0.0 2.7 -7.2 -3.8 35
State and local governments, excluding employee retirement funds; trade receivables; asset 13.1 2.3 4.5 8.4 7.0 12.1 9.5 5.0 2.0 12.9 9.4 36
State and local governments, excluding employee retirement funds; taxes receivable; asset 1.0 2.1 2.0 3.2 5.4 -2.9 3.6 6.5 -2.9 23.5 -0.2 37
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets -22.2 -0.1 8.2 6.2 12.8 5.2 1.9 4.8 11.0 -12.4 -4.4 38
State and local governments, excluding employee retirement funds; total liabilities 383.5 302.3 333.6 290.7 402.4 252.8 246.6 260.9 409.4 189.1 260.3 39
State and local governments, excluding employee retirement funds; credit market instruments; liability 69.5 -52.7 -5.3 -38.9 57.3 -4.9 -109.4 -98.5 -38.8 35.7 -83.7 40
State and local governments, excluding employee retirement funds; municipal securities and loans; liability 68.7 -53.6 -5.7 -39.4 56.0 -4.8 -109.9 -99.1 -39.0 35.2 -84.0 41
State and local governments, excluding employee retirement funds; short-term municipal securities and loans; liability -0.7 -10.6 3.8 -10.9 -2.9 -4.6 -17.8 -18.1 -5.0 16.0 -33.5 42
State and local governments, excluding employee retirement funds; long-term municipal securities and loans; liability 69.3 -42.9 -9.4 -28.6 58.9 -0.1 -92.0 -80.9 -34.0 19.2 -50.5 43
State and local governments, excluding employee retirement funds; U.S. government loans; liability 0.9 0.9 0.4 0.5 1.3 -0.2 0.5 0.6 0.2 0.5 0.3 44
State and local governments, excluding employee retirement funds; trade payables; liability 38.5 38.4 38.8 39.6 39.1 39.5 39.9 40.0 40.0 40.7 41.1 45
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset 275.5 316.6 300.1 289.9 305.9 218.3 316.2 319.3 408.2 112.7 302.9 46
State and local governments, excluding employee retirement funds; sector discrepancy -1.7 45.5 -32.5 20.8 -10.4 10.8 74.7 8.1 25.9 198.4 96.1 47


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