Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

F.107 State and Local Governments

2016:Q3 Release Date: December 8, 2016

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description		 Series code 2014
2015
2015
Q1		 2015
Q2		 2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2		 2016
Q3
Line
State and local governments; current receipts, NIPA basis FA206010105 2227.7 2331.5 2291.9 2301.1 2322.7 2410.3 2354.1 2342.9 2387.4 1
State and local governments; personal current taxes FA206210001 384.6 406.1 402.6 406.5 404.5 410.6 412.0 407.8 417.7 2
State and local governments; taxes on production and imports, receivable (IMA) FA206240001 1075.7 1098.3 1089.5 1094.0 1103.0 1106.5 1111.7 1109.9 1121.3 3
State and local governments; taxes on corporate income (accrual basis) FA206231001 58.6 60.3 60.9 60.6 60.1 59.6 62.4 59.7 60.6 4
State and local governments; contributions for government social insurance received FA206601001 19.1 19.0 19.1 19.0 19.0 19.0 19.1 19.2 19.4 5
State and local governments; property income (received) FA206150105 77.2 79.6 78.6 79.3 80.1 80.6 81.6 81.9 82.7 6
State and local governments; other current transfer received FA206403105 624.5 679.6 652.9 653.3 667.4 744.9 678.1 675.6 697.3 7
State and local governments; operating surplus, net FA206402101 -11.9 -11.4 -11.7 -11.5 -11.3 -11.0 -10.9 -11.2 -11.6 8
State and local governments; current expenditures FA206900005 2397.6 2492.8 2449.0 2490.2 2510.7 2521.4 2527.7 2548.2 2580.0 9
State and local governments; consumption expenditures FA206901001 1601.6 1641.2 1615.7 1638.4 1652.1 1658.5 1654.0 1669.2 1687.4 10
State and local governments; social contributions paid FA206404001 612.9 666.0 650.7 667.0 671.9 674.2 683.0 686.7 699.2 11
State and local governments; other current transfer payments to the rest of the world FA206403001 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12
State and local governments; interest paid (IMA) FA206130001 182.6 185.2 182.1 184.2 186.2 188.2 190.1 191.8 192.8 13
State and local governments; subsidies paid FA206402001 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 14
State and local governments; net saving including net capital transfers paid FA206006005 -169.8 -161.3 -157.1 -189.0 -187.9 -111.1 -173.6 -205.3 -192.6 15
State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) FA206300003 246.1 251.0 249.0 250.8 252.1 252.3 252.6 255.3 256.0 16
State and local governments; net capital transfers paid FA205440005 -70.9 -69.3 -67.9 -68.3 -71.9 -69.1 -73.4 -73.7 -75.6 17
State and local governments; gross saving less net capital transfers paid FA206000105 147.2 159.0 159.8 130.0 136.1 210.3 152.4 123.6 139.0 18
State and local governments; gross investment FA205090005 163.9 150.4 194.7 61.9 210.1 135.0 164.3 202.8 231.3 19
State and local governments; gross fixed investment FA205019001 331.6 352.2 340.2 356.6 359.2 352.6 366.5 353.9 342.3 20
State and local governments; acquisition of nonproduced nonfinancial assets (net) FA205420003 8.9 9.2 9.1 9.2 9.2 9.2 9.2 9.2 9.2 21
State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) FA215000005 -176.7 -210.9 -154.7 -303.9 -158.4 -226.8 -211.4 -160.3 -120.1 22
State and local governments, excluding employee retirement funds; total financial assets FA214090005 88.1 95.8 178.7 -27.6 186.5 45.4 69.6 151.0 181.0 23
State and local governments, excluding employee retirement funds; checkable deposits and currency; asset FA213020005 16.0 -8.8 -21.2 20.3 -6.3 -27.9 25.9 0.7 12.2 24
State and local governments, excluding employee retirement funds; total time and savings deposits; asset FA213030005 8.9 13.6 28.5 2.8 -3.0 25.9 5.3 14.9 -32.7 25
State and local governments, excluding employee retirement funds; money market mutual fund shares; asset FA213034003 6.3 12.2 15.1 4.2 14.9 14.8 3.9 4.4 9.5 26
State and local governments, excluding employee retirement funds; security repurchase agreements; asset FA212051003 5.5 10.2 12.5 3.8 12.4 12.3 3.2 3.5 7.6 27
State and local governments, excluding employee retirement funds; debt securities; asset FA214022005 16.6 31.5 96.1 -85.0 121.1 -6.0 19.2 89.9 139.1 28
State and local governments, excluding employee retirement funds; commercial paper; asset FA213069103 -7.3 -2.8 -4.1 -8.6 11.0 -9.4 -10.7 1.5 3.2 29
State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset FA213061105 35.2 44.7 80.0 -55.1 93.3 60.6 64.0 52.8 102.2 30
State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset FA213061703 -15.9 -21.2 6.1 -23.2 3.0 -70.6 -38.4 30.8 23.3 31
State and local governments, excluding employee retirement funds; municipal securities; asset FA213062003 0.3 0.8 1.0 0.2 1.0 1.0 0.3 0.4 0.8 32
State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset FA213063003 4.2 10.0 13.0 1.9 12.7 12.4 4.0 4.4 9.6 33
State and local governments, excluding employee retirement funds; total mortgages; asset FA213065005 6.0 13.2 17.7 3.0 16.2 16.0 5.4 5.9 12.2 34
State and local governments, excluding employee retirement funds; corporate equities; asset FA213064103 2.2 5.3 6.9 1.0 6.8 6.6 2.1 2.4 5.1 35
State and local governments, excluding employee retirement funds; mutual fund shares; asset FA213064203 1.2 2.7 3.6 0.5 3.5 3.4 1.1 1.2 2.6 36
State and local governments, excluding employee retirement funds; trade receivables; asset FA213070003 11.2 0.7 2.1 11.3 -6.5 -4.0 -2.6 21.1 15.0 37
State and local governments, excluding employee retirement funds; taxes receivable; asset FA213078005 6.8 3.5 4.3 4.7 2.1 2.8 3.3 3.9 3.7 38
State and local governments, excluding employee retirement funds; unidentified miscellaneous assets FA213093003 7.3 11.5 13.3 5.9 25.4 1.4 2.8 3.1 6.7 39
State and local governments, excluding employee retirement funds; total liabilities FA214190005 264.8 306.7 333.4 276.2 344.9 272.2 280.9 311.3 301.2 40
State and local governments, excluding employee retirement funds; municipal securities; liability FA213162005 -35.6 10.3 54.5 16.4 6.5 -36.2 21.4 66.5 24.6 41
State and local governments, excluding employee retirement funds; short-term municipal securities; liability FA213162400 -6.4 -6.1 -1.8 8.1 -27.4 -3.4 -0.7 10.7 -15.2 42
State and local governments, excluding employee retirement funds; long-term municipal securities; liability FA213162200 -29.2 16.4 56.3 8.3 33.9 -32.8 22.0 55.8 39.8 43
State and local governments, excluding employee retirement funds; U.S. government loans; liability FA213169203 0.4 0.3 0.4 0.1 -0.3 0.8 0.8 0.2 0.7 44
State and local governments, excluding employee retirement funds; trade payables; liability FA213170003 38.9 40.1 39.2 40.4 40.7 40.3 40.7 40.6 40.4 45
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset FA223073045 261.1 256.0 239.4 219.3 298.0 267.3 218.1 204.0 235.5 46
State and local governments, excluding employee retirement funds; sector discrepancy FA217005005 -16.7 8.6 -34.9 68.1 -74.0 75.4 -12.0 -79.1 -92.3 47

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NOTES

  1. Data for state and local government employee retirement funds are shown on table F.120.
  2. Table F.5, line 62.
  3. Debt with original maturity of 13 months or less.
  4. Included in miscellaneous liabilities.
Last update: December 8, 2016