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 | 2017 | 2018 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2515.2 | 2643.2 | 2742.9 | 3031.2 | 2785.0 | 3454.7 | 2915.5 | 2969.6 | 3089.5 | 1 |
| State and local governments; personal current taxes | FA216210001 | 432.1 | 467.8 | 489.9 | 505.8 | 495.8 | 496.4 | 506.6 | 524.5 | 555.0 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1233.0 | 1282.0 | 1317.7 | 1329.0 | 1346.2 | 1264.3 | 1344.5 | 1360.8 | 1386.2 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 54.2 | 60.5 | 69.5 | 75.8 | 62.7 | 54.2 | 90.2 | 95.9 | 96.6 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.0 | 21.0 | 21.7 | 20.4 | 20.4 | 19.1 | 20.2 | 21.8 | 23.9 | 5 |
| State and local governments; property income (received) | FA216150105 | 90.8 | 94.6 | 96.8 | 98.1 | 97.8 | 97.9 | 98.0 | 98.7 | 99.3 | 6 |
| State and local governments; other current transfer received | FA216403105 | 691.2 | 722.5 | 753.0 | 1020.2 | 773.8 | 1543.7 | 875.8 | 887.4 | 938.9 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -6.2 | -5.2 | -5.7 | -18.1 | -11.8 | -20.9 | -19.8 | -19.7 | -10.4 | 8 |
| State and local governments; current expenditures | FA216900005 | 2754.0 | 2856.8 | 2950.7 | 2988.5 | 2987.7 | 2984.4 | 2992.3 | 2989.7 | 3053.4 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1757.6 | 1847.8 | 1897.8 | 1894.4 | 1928.0 | 1885.0 | 1881.2 | 1883.6 | 1935.7 | 10 |
| State and local governments; social contributions paid | FA216404001 | 707.5 | 727.2 | 754.6 | 808.8 | 767.1 | 812.2 | 828.5 | 827.6 | 840.3 | 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 | 288.4 | 281.3 | 297.7 | 284.6 | 292.0 | 286.7 | 282.0 | 277.9 | 274.9 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 2.5 | 14 |
| State and local governments; net saving including net capital transfers paid | FA216006005 | -238.8 | -213.7 | -207.7 | 42.7 | -202.7 | 470.3 | -76.7 | -20.1 | 36.0 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 266.2 | 280.3 | 293.5 | 303.1 | 299.7 | 300.6 | 304.9 | 307.4 | 313.1 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -71.9 | -72.2 | -73.8 | -79.8 | -78.1 | -82.2 | -79.6 | -79.5 | -78.0 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 99.3 | 138.8 | 159.5 | 425.6 | 175.1 | 853.1 | 307.7 | 366.7 | 427.1 | 18 |
| State and local governments; gross investment | FA215090005 | 232.0 | 268.9 | 172.8 | 400.6 | 271.2 | 762.5 | 219.6 | 349.2 | 393.5 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 385.6 | 407.9 | 431.0 | 452.4 | 453.6 | 449.6 | 448.4 | 458.1 | 453.7 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 14.2 | 16.2 | 16.8 | 23.0 | 18.4 | 24.2 | 24.5 | 24.9 | 25.3 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -167.8 | -155.2 | -275.0 | -74.8 | -200.8 | 288.7 | -253.4 | -133.9 | -85.5 | 22 |
| State and local governments; total financial assets | FA214090005 | 85.7 | 67.9 | 31.8 | 341.9 | 81.9 | 699.2 | 231.8 | 354.6 | 402.4 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | -2.5 | -7.6 | 6.2 | 40.8 | 15.6 | 72.6 | 36.2 | 38.9 | 79.6 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 14.1 | 7.9 | 19.8 | 40.4 | 54.6 | 58.2 | 32.3 | 16.6 | -1.0 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 0.3 | -2.1 | 6.8 | 7.9 | 23.3 | 11.9 | -4.0 | 0.5 | 5.2 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | 8.9 | 1.1 | -1.3 | 19.3 | -8.7 | 51.5 | 18.5 | 15.9 | 25.0 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 56.1 | 8.9 | 48.2 | 217.3 | 80.9 | 521.4 | 49.8 | 217.3 | 186.9 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | 4.2 | 0.5 | -0.6 | 9.2 | -4.1 | 24.4 | 8.8 | 7.5 | 15.7 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 17.7 | -12.4 | 51.4 | 271.3 | 41.7 | 668.8 | 118.7 | 256.1 | 227.3 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 26.0 | 5.6 | 2.4 | -71.4 | 12.3 | -199.8 | -48.7 | -49.4 | -94.6 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | 0.5 | 0.5 | -0.9 | 1.5 | 0.1 | 3.9 | 1.4 | 0.5 | 4.1 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | 7.7 | 14.6 | -4.1 | 6.8 | 30.9 | 24.0 | -30.3 | 2.5 | 34.3 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | 14.4 | 2.1 | -1.9 | 5.3 | -13.6 | 12.9 | 13.0 | 8.9 | 7.6 | 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 | 6.2 | 22.8 | 19.1 | 10.2 | -28.2 | -44.6 | 67.9 | 45.5 | 35.6 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 5.2 | 18.6 | 8.4 | 11.2 | 16.4 | 19.2 | 9.4 | -0.3 | 11.6 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | -15.0 | 18.3 | -71.2 | -8.4 | -56.2 | -1.7 | 10.9 | 13.5 | 54.1 | 39 |
| State and local governments; total liabilities | FA214190005 | 253.5 | 223.1 | 306.8 | 416.7 | 282.7 | 410.5 | 485.2 | 488.5 | 487.9 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | -0.3 | -50.9 | 9.4 | 88.2 | 26.4 | 106.6 | 171.5 | 48.2 | 121.0 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 4.8 | 2.9 | 6.8 | 1.9 | -6.0 | 8.7 | 4.6 | 0.4 | -12.2 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -5.1 | -53.8 | 2.6 | 86.2 | 32.4 | 97.8 | 166.8 | 47.8 | 133.1 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 0.5 | 1.1 | 1.0 | 1.0 | 0.4 | 0.7 | 1.8 | 1.1 | 0.7 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 45.4 | 48.1 | 49.4 | 49.5 | 50.3 | 47.9 | 49.1 | 50.4 | 52.0 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 207.9 | 224.9 | 246.9 | 278.1 | 205.5 | 255.4 | 262.8 | 388.7 | 314.3 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -132.7 | -130.1 | -13.3 | 25.1 | -96.1 | 90.6 | 88.1 | 17.5 | 33.6 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: June 10, 2021