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 | 2019 | 2020 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2793.1 | 3096.6 | 3515.0 | 2979.2 | 3000.2 | 3100.7 | 4031.4 | 3511.7 | 3416.0 | 1 |
| State and local governments; personal current taxes | FA216210001 | 496.5 | 515.9 | 595.2 | 519.6 | 522.8 | 560.2 | 586.4 | 605.1 | 629.0 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1357.6 | 1376.6 | 1467.6 | 1392.7 | 1400.4 | 1413.9 | 1458.5 | 1481.8 | 1516.3 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 72.9 | 71.0 | 93.7 | 76.8 | 78.8 | 85.5 | 91.9 | 95.3 | 102.2 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.4 | 19.9 | 22.1 | 19.9 | 20.5 | 21.2 | 21.9 | 22.5 | 22.8 | 5 |
| State and local governments; property income (received) | FA216150105 | 96.8 | 96.4 | 98.4 | 96.1 | 97.3 | 97.7 | 98.0 | 98.7 | 99.2 | 6 |
| State and local governments; other current transfer received | FA216403105 | 759.6 | 1033.5 | 1249.4 | 891.7 | 897.7 | 939.9 | 1788.1 | 1213.8 | 1055.7 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -10.7 | -16.8 | -11.4 | -17.5 | -17.3 | -17.6 | -13.5 | -5.5 | -9.0 | 8 |
| State and local governments; current expenditures | FA216900005 | 2942.1 | 3020.5 | 3242.4 | 3045.5 | 3048.4 | 3112.5 | 3202.7 | 3306.1 | 3348.1 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1876.5 | 1916.5 | 2045.8 | 1909.9 | 1924.7 | 1966.5 | 2015.3 | 2080.6 | 2120.9 | 10 |
| State and local governments; social contributions paid | FA216404001 | 758.7 | 808.3 | 901.7 | 842.2 | 831.1 | 850.0 | 885.5 | 933.2 | 937.9 | 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 | 306.2 | 295.0 | 291.7 | 292.8 | 291.9 | 293.4 | 293.3 | 291.6 | 288.6 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.6 | 0.6 | 3.1 | 0.6 | 0.6 | 2.5 | 8.6 | 0.6 | 0.6 | 14 |
| State and local governments; net saving including net capital transfers paid | FA216006005 | -149.0 | 76.1 | 272.6 | -66.3 | -48.2 | -11.8 | 828.7 | 205.6 | 67.9 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 293.7 | 302.8 | 325.3 | 304.5 | 306.9 | 312.0 | 320.7 | 328.9 | 339.5 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -73.9 | -82.7 | -84.5 | -84.5 | -82.8 | -81.2 | -84.1 | -92.2 | -80.5 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 218.6 | 461.6 | 682.4 | 322.7 | 341.4 | 381.4 | 1233.5 | 626.7 | 487.9 | 18 |
| State and local governments; gross investment | FA215090005 | 222.3 | 428.6 | 637.1 | 229.6 | 431.4 | 340.0 | 1149.8 | 559.4 | 499.1 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 422.5 | 441.2 | 442.2 | 436.6 | 448.3 | 442.2 | 437.3 | 442.3 | 447.0 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 16.8 | 17.3 | 18.4 | 17.4 | 17.7 | 17.9 | 18.2 | 18.6 | 18.9 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -217.0 | -29.9 | 176.5 | -224.5 | -34.6 | -120.0 | 694.3 | 98.6 | 33.2 | 22 |
| State and local governments; total financial assets | FA214090005 | 33.0 | 366.5 | 546.8 | 256.1 | 320.8 | 297.2 | 1105.8 | 468.9 | 315.2 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | 6.2 | 90.8 | 115.7 | 56.2 | 178.9 | 79.1 | 204.3 | 100.8 | 78.8 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 19.8 | -9.6 | -31.2 | 12.3 | -123.4 | 0.1 | -38.1 | -35.7 | -51.2 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 6.8 | 7.9 | 3.4 | -4.0 | 0.5 | 5.2 | 1.2 | 0.2 | 6.9 | 26 |
| State and local governments; security repurchase agreements; asset | FA212051003 | -1.3 | 15.7 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 27 |
| State and local governments; debt securities; asset | FA214022005 | 35.7 | 219.8 | 356.6 | 45.1 | 193.7 | 135.2 | 808.5 | 298.0 | 184.7 | 28 |
| State and local governments; commercial paper; asset | FA213069103 | -0.6 | -0.4 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 | 29 |
| State and local governments; Treasury securities, including SLGS; asset | FA213061105 | 51.4 | 291.3 | 393.0 | 138.7 | 248.1 | 227.3 | 830.6 | 320.7 | 193.5 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 2.4 | -71.4 | -32.7 | -48.7 | -49.4 | -64.6 | -2.8 | -44.7 | -18.8 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | -0.9 | 1.5 | 3.8 | 1.4 | 0.5 | 4.1 | 2.1 | 4.8 | 4.3 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -16.6 | -1.2 | -11.5 | -50.3 | -9.5 | -35.7 | -25.4 | 13.2 | 1.8 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | -1.9 | 5.3 | 3.3 | 13.0 | 8.9 | 7.6 | 4.1 | 2.1 | -0.6 | 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 | 19.1 | 7.6 | 41.6 | 64.3 | 39.5 | 32.5 | 48.7 | 49.8 | 35.2 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 9.6 | 13.1 | 5.0 | 10.7 | 1.2 | 15.5 | -10.8 | 8.8 | 6.5 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | -58.7 | 18.1 | 44.6 | 50.9 | 13.5 | 14.1 | 80.0 | 37.2 | 47.2 | 39 |
| State and local governments; total liabilities | FA214190005 | 249.9 | 396.5 | 370.2 | 480.6 | 355.4 | 417.2 | 411.5 | 370.3 | 282.0 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | -2.3 | 90.3 | 60.5 | 173.9 | 48.1 | 109.0 | 103.0 | 60.8 | -30.7 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 6.8 | 1.7 | -13.7 | 4.8 | -0.7 | -12.3 | -10.8 | -30.6 | -1.1 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -9.1 | 88.6 | 74.2 | 169.2 | 48.7 | 121.3 | 113.8 | 91.4 | -29.7 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 1.0 | 1.0 | 0.5 | 1.8 | 1.1 | 0.7 | 0.0 | -0.3 | 1.5 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 48.6 | 48.4 | 52.6 | 48.2 | 49.5 | 50.9 | 51.9 | 53.1 | 54.6 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 202.6 | 256.7 | 256.7 | 256.7 | 256.7 | 256.7 | 256.7 | 256.7 | 256.6 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -3.7 | 33.0 | 45.3 | 93.2 | -89.9 | 41.3 | 83.6 | 67.3 | -11.2 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: March 10, 2022