Financial Accounts of the United States - Z.1
F.107 State and Local Governments
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2016 | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2431.9 | 2515.1 | 2623.0 | 2736.4 | 2687.7 | 2757.8 | 2744.1 | 2756.1 | 2784.0 | 1 |
| State and local governments; personal current taxes | FA216210001 | 409.5 | 432.7 | 457.4 | 482.9 | 468.9 | 508.8 | 477.0 | 476.9 | 490.7 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1176.3 | 1235.8 | 1281.0 | 1325.7 | 1306.2 | 1317.6 | 1336.1 | 1342.9 | 1355.3 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 53.5 | 54.5 | 58.4 | 66.8 | 64.3 | 66.6 | 66.6 | 69.5 | 65.2 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.1 | 20.8 | 22.2 | 22.7 | 22.5 | 22.6 | 22.8 | 23.1 | 23.4 | 5 |
| State and local governments; property income (received) | FA216150105 | 86.1 | 89.3 | 91.4 | 94.0 | 93.5 | 93.8 | 94.2 | 94.7 | 96.2 | 6 |
| State and local governments; other current transfer received | FA216403105 | 687.4 | 685.6 | 716.6 | 748.8 | 736.4 | 753.0 | 752.0 | 753.7 | 766.1 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -1.0 | -3.4 | -4.0 | -4.5 | -4.3 | -4.6 | -4.6 | -4.5 | -12.9 | 8 |
| State and local governments; current expenditures | FA216900005 | 2678.7 | 2763.2 | 2862.1 | 2950.4 | 2899.4 | 2942.9 | 2971.5 | 2987.8 | 3004.2 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1702.8 | 1764.6 | 1847.4 | 1904.5 | 1876.4 | 1897.9 | 1913.2 | 1930.4 | 1948.9 | 10 |
| State and local governments; social contributions paid | FA216404001 | 693.6 | 712.2 | 736.6 | 775.4 | 751.7 | 774.0 | 788.0 | 787.7 | 790.7 | 11 |
| State and local governments; other current transfer payments to the rest of the world | FA216403001 | 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) | FA216130001 | 281.7 | 285.8 | 277.5 | 269.9 | 270.7 | 270.3 | 269.7 | 269.0 | 264.0 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 14 |
| State and local governments; net saving including net capital transfers paid | FA216006005 | -246.8 | -248.1 | -239.2 | -213.9 | -211.7 | -185.0 | -227.4 | -231.7 | -220.2 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 256.6 | 266.1 | 279.6 | 292.7 | 287.7 | 292.0 | 294.7 | 296.1 | 298.2 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -72.4 | -72.2 | -73.3 | -75.7 | -76.1 | -74.4 | -76.1 | -76.1 | -79.5 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 82.2 | 90.2 | 113.7 | 154.4 | 152.0 | 181.4 | 143.5 | 140.6 | 157.5 | 18 |
| State and local governments; gross investment | FA215090005 | 230.5 | 126.2 | 145.8 | 137.0 | 93.9 | 109.4 | 118.6 | 226.1 | 76.6 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 369.7 | 378.0 | 396.8 | 425.5 | 412.0 | 429.2 | 427.4 | 433.4 | 441.8 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 13.3 | 13.7 | 14.5 | 15.1 | 15.3 | 15.4 | 15.2 | 14.7 | 13.9 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -152.5 | -265.6 | -265.4 | -303.6 | -333.4 | -335.2 | -323.9 | -222.1 | -379.1 | 22 |
| State and local governments; total financial assets | FA214090005 | 171.6 | -9.7 | -117.5 | 34.6 | -36.6 | -127.1 | 109.3 | 192.8 | 44.9 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | 5.9 | -2.5 | -7.6 | 6.2 | -9.3 | 1.3 | 11.8 | 20.9 | 8.2 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 8.2 | 14.1 | 7.9 | 19.8 | 33.3 | 29.5 | 13.5 | 2.7 | 61.1 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 5.4 | 0.3 | -2.1 | 0.2 | -2.0 | -0.1 | 2.2 | 0.8 | 15.5 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 7.4 | 1.8 | -12.1 | 2.2 | 1.4 | -6.4 | 7.5 | 6.3 | 6.3 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 105.9 | -7.3 | -109.7 | -27.3 | -111.9 | -217.7 | 26.3 | 194.2 | -106.3 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | 0.5 | 0.9 | -5.7 | 1.0 | 0.7 | -3.1 | 3.6 | 3.0 | -3.0 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 72.4 | -10.2 | -64.4 | -3.9 | -62.8 | -129.0 | 21.0 | 155.4 | -157.1 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 25.9 | 3.6 | -35.8 | -9.3 | -20.4 | -51.4 | 6.0 | 28.7 | 6.9 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 1.0 | -0.2 | -0.8 | -0.4 | -1.1 | -1.6 | 0.2 | 0.7 | 1.5 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | 6.1 | -1.3 | -2.9 | -14.7 | -28.2 | -32.6 | -4.5 | 6.4 | 45.4 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 12.0 | 3.2 | -18.7 | 3.6 | 2.5 | -9.9 | 11.9 | 10.0 | 9.9 | 34 |
| State and local governments; corporate equities; asset | FA213064103 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | -3.4 | 35 |
| State and local governments; mutual fund shares; asset | FA213064203 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 36 |
| State and local governments; trade receivables; asset | FA213070003 | 17.5 | 6.2 | 27.8 | 10.8 | 1.6 | 16.4 | 15.8 | 9.3 | -16.0 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 10.8 | 5.2 | 6.6 | 5.7 | -1.3 | 4.1 | 10.4 | 9.6 | -2.3 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | 0.7 | -28.7 | -7.3 | 15.7 | 51.3 | 57.8 | 12.1 | -58.6 | 70.7 | 39 |
| State and local governments; total liabilities | FA214190005 | 324.1 | 255.9 | 147.9 | 338.2 | 296.8 | 208.1 | 433.2 | 414.8 | 424.0 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | 33.3 | -0.4 | -51.0 | 8.8 | -40.0 | -78.3 | 15.6 | 137.8 | 2.7 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | -2.7 | 4.8 | 3.0 | 6.6 | 5.0 | 10.7 | -7.3 | 18.0 | -6.2 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | 36.1 | -5.2 | -54.1 | 2.2 | -44.9 | -89.0 | 22.8 | 119.8 | 8.9 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 0.9 | 0.4 | 1.1 | 1.8 | 1.1 | 1.0 | 3.9 | 1.1 | 0.5 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 43.2 | 45.3 | 48.1 | 50.2 | 49.1 | 50.4 | 50.4 | 51.1 | 51.3 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 246.7 | 210.6 | 149.8 | 277.4 | 286.5 | 235.0 | 363.4 | 224.8 | 369.6 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -148.3 | -35.9 | -32.1 | 17.4 | 58.2 | 72.0 | 24.9 | -85.4 | 81.0 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: June 11, 2020