Financial Accounts of the United States - Z.1
F.107 State and Local Governments (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2015 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA206010105 | 2368.6 | 2421.9 | 2484.2 | 2455 | 2452 | 2501 | 2529 | 2564 | 2581.6 | 1 |
| State and local governments; personal current taxes | FA206210001 | 406.9 | 408.6 | 421.2 | 416.8 | 407.9 | 422.6 | 437.6 | 446.1 | 436.8 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA206240001 | 1129.5 | 1166.1 | 1215.7 | 1197.2 | 1207.9 | 1221.5 | 1236.1 | 1248.4 | 1261.7 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA206231001 | 56.3 | 53.9 | 52.9 | 46.6 | 55.2 | 53.9 | 56 | 49.7 | 63.1 | 4 |
| State and local governments; contributions for government social insurance received | FA206601001 | 19.2 | 20 | 20.6 | 20.3 | 20.4 | 20.6 | 21 | 21.3 | 21.6 | 5 |
| State and local governments; property income (received) | FA206150105 | 85.2 | 85 | 86 | 85.3 | 85.7 | 86.2 | 86.8 | 86.6 | 87.5 | 6 |
| State and local governments; other current transfer received | FA206403105 | 673.7 | 689 | 690.7 | 690.9 | 677.6 | 699.4 | 695.1 | 715.2 | 714.5 | 7 |
| State and local governments; operating surplus, net | FA206402101 | -2.2 | -0.6 | -2.9 | -2.1 | -2.7 | -3.2 | -3.6 | -3.3 | -3.6 | 8 |
| State and local governments; current expenditures | FA206900005 | 2592.2 | 2667.8 | 2743.3 | 2720.8 | 2722.9 | 2755.7 | 2773.9 | 2794.4 | 2821.4 | 9 |
| State and local governments; consumption expenditures | FA206901001 | 1656.9 | 1691.9 | 1744.5 | 1728.8 | 1733.6 | 1747.5 | 1768 | 1784.4 | 1803.5 | 10 |
| State and local governments; social contributions paid | FA206404001 | 665.6 | 693.3 | 712.3 | 706.1 | 702.9 | 721.3 | 718.7 | 726.5 | 737.3 | 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 | 12 |
| State and local governments; interest paid (IMA) | FA206130001 | 269.2 | 281.9 | 286 | 285.4 | 285.8 | 286.3 | 286.7 | 283 | 280.1 | 13 |
| State and local governments; subsidies paid | FA206402001 | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 14 |
| State and local governments; net saving including net capital transfers paid | FA206006005 | -223.6 | -245.8 | -259.1 | -265.8 | -270.9 | -254.7 | -244.9 | -230.4 | -239.8 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA206300003 | 251.3 | 256.4 | 265.6 | 261.7 | 264.2 | 267.1 | 269.2 | 272.5 | 277.4 | 16 |
| State and local governments; net capital transfers paid (2) | FA205440005 | -69 | -72.3 | -72.8 | -71.5 | -73.1 | -77 | -69.5 | -69.6 | -69.3 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA206000105 | 96.7 | 82.8 | 79.2 | 67.4 | 66.4 | 89.4 | 93.8 | 111.7 | 106.8 | 18 |
| State and local governments; gross investment | FA205090005 | 136.9 | 133.7 | 97.3 | 67.8 | 66.8 | 106.9 | 147.8 | 173.8 | 165.1 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA205019001 | 356.5 | 366.8 | 364.8 | 365.2 | 362.4 | 361.1 | 370.5 | 377.6 | 389 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA205420003 | 11.9 | 13 | 13.5 | 13.3 | 13.4 | 13.6 | 13.8 | 14 | 14.3 | 21 |
| State and local governments, excluding employee retirement funds; net lending (+) or borrowing (-) (financial account) | FA215000005 | -231.5 | -246.1 | -281 | -310.7 | -308.9 | -267.8 | -236.5 | -217.9 | -238.3 | 22 |
| State and local governments, excluding employee retirement funds; total financial assets | FA214090005 | 20.7 | 111.6 | 26 | -10.7 | -79.5 | -3.5 | 197.8 | -189.3 | -77.6 | 23 |
| State and local governments, excluding employee retirement funds; checkable deposits and currency; asset | FA213020005 | -11.5 | 4.2 | 10.6 | 26.4 | 13.7 | -14 | 16.5 | 5.6 | -6.9 | 24 |
| State and local governments, excluding employee retirement funds; total time and savings deposits; asset | FA213030005 | 14.5 | 6.7 | 14.5 | -12.7 | 8 | 22.7 | 40.1 | -2.2 | 0.4 | 25 |
| State and local governments, excluding employee retirement funds; money market fund shares; asset | FA213034003 | -0.2 | 5.4 | 1.8 | -1.3 | -0.2 | 4.5 | 4 | -1.8 | 0.9 | 26 |
| State and local governments, excluding employee retirement funds; security repurchase agreements; asset | FA212051003 | 5.3 | 3.4 | -1.9 | -0.1 | -8 | -4.2 | 4.5 | -17.6 | -10.8 | 27 |
| State and local governments, excluding employee retirement funds; debt securities; asset | FA214022005 | -11.5 | 52.9 | -19.5 | -20.7 | -91.3 | -39.9 | 74.1 | -115.1 | -48.4 | 28 |
| State and local governments, excluding employee retirement funds; commercial paper; asset | FA213069103 | -4.7 | -1.4 | -0.9 | -0 | -3.8 | -2 | 2.2 | -8.4 | -5.1 | 29 |
| State and local governments, excluding employee retirement funds; Treasury securities, including SLGS; asset | FA213061105 | 25 | 46 | -24.9 | -20.3 | -91.5 | -39.2 | 51.4 | -47.3 | 5.5 | 30 |
| State and local governments, excluding employee retirement funds; agency- and GSE-backed securities; asset | FA213061703 | -35.9 | 3.7 | 9 | -0.3 | 14.9 | 6.9 | 14.3 | -35.4 | -34 | 31 |
| State and local governments, excluding employee retirement funds; municipal securities; asset | FA213062003 | 0.3 | 0.3 | -0.2 | -0 | -0.8 | -0.4 | 0.5 | -1.8 | -1.1 | 32 |
| State and local governments, excluding employee retirement funds; corporate and foreign bonds; asset | FA213063003 | 3.8 | 4.3 | -2.4 | -0.1 | -10.1 | -5.3 | 5.7 | -22.3 | -13.7 | 33 |
| State and local governments, excluding employee retirement funds; total mortgages; asset | FA213065005 | 5.6 | 5.7 | -2.6 | 0.3 | -12 | -6.2 | 7.5 | -27.4 | -16.7 | 34 |
| State and local governments, excluding employee retirement funds; corporate equities; asset | FA213064103 | 2 | 2.3 | -1.3 | -0.1 | -5.4 | -2.8 | 3.1 | -11.9 | -7.3 | 35 |
| State and local governments, excluding employee retirement funds; mutual fund shares; asset | FA213064203 | 1.1 | 1.2 | -0.7 | -0 | -2.8 | -1.4 | 1.6 | -6.1 | -3.8 | 36 |
| State and local governments, excluding employee retirement funds; trade receivables; asset | FA213070003 | 0.5 | 19.4 | 20.4 | -4 | 20.3 | 34.1 | 31.3 | 1.5 | 28.5 | 37 |
| State and local governments, excluding employee retirement funds; taxes receivable; asset | FA213078005 | 5.2 | 7.3 | 6.4 | 1.5 | 5.4 | 7.5 | 11 | 1.8 | 6.4 | 38 |
| State and local governments, excluding employee retirement funds; unidentified miscellaneous assets | FA213093003 | 9.6 | 3.1 | -1.8 | -0.1 | -7.3 | -3.8 | 4.1 | -16 | -19.9 | 39 |
| State and local governments, excluding employee retirement funds; total liabilities | FA214190005 | 252.2 | 357.8 | 307 | 300 | 229.4 | 264.3 | 434.3 | 28.6 | 160.7 | 40 |
| State and local governments, excluding employee retirement funds; municipal securities; liability | FA213162005 | 9.3 | 31.1 | -3.7 | -67.9 | -29.1 | -22.3 | 104.5 | -90.4 | -12 | 41 |
| State and local governments, excluding employee retirement funds; short-term municipal securities; liability (3) | FA213162400 | -5.9 | -2.8 | 4.8 | 2 | 0.2 | 12.9 | 4.1 | 8 | -0 | 42 |
| State and local governments, excluding employee retirement funds; long-term municipal securities; liability | FA213162200 | 15.2 | 33.9 | -8.5 | -69.9 | -29.3 | -35.2 | 100.4 | -98.4 | -12 | 43 |
| State and local governments, excluding employee retirement funds; U.S. government loans; liability | FA213169203 | 0.3 | 0.9 | 0.4 | 0.2 | 0.5 | 0.4 | 0.7 | 0.9 | 0.9 | 44 |
| State and local governments, excluding employee retirement funds; trade payables; liability | FA213170003 | 41.3 | 42.8 | 43.8 | 43.6 | 43.4 | 43.6 | 44.6 | 45.5 | 46.5 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (4) | FA223073045 | 201.3 | 282.9 | 266.4 | 324.1 | 214.6 | 242.6 | 284.4 | 72.7 | 125.3 | 46 |
| State and local governments, excluding employee retirement funds; sector discrepancy | FA217005005 | -40.2 | -50.9 | -18.1 | -0.4 | -0.4 | -17.5 | -54 | -62 | -58.2 | 47 |
NOTES
- Data for state and local government employee retirement funds are shown on table F.120.
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: September 20, 2018