Financial Accounts of the United States - Z.1
L.212 Municipal Securities
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2019 | 2020 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3897.2 | 3981.0 | 4049.7 | 3959.2 | 3981.0 | 4007.3 | 4030.0 | 4039.2 | 4049.7 | 1 |
| State and local governments; municipal securities; liability | FL213162005 | 3097.9 | 3188.3 | 3248.8 | 3161.8 | 3188.3 | 3213.2 | 3231.4 | 3239.5 | 3248.8 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FL213162400 | 44.8 | 46.6 | 32.9 | 44.8 | 46.6 | 43.1 | 36.8 | 30.8 | 32.9 | 3 |
| State and local governments; long-term municipal securities; liability | FL213162200 | 3053.1 | 3141.7 | 3215.9 | 3117.0 | 3141.7 | 3170.1 | 3194.6 | 3208.7 | 3215.9 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 212.9 | 202.5 | 201.0 | 206.4 | 202.5 | 203.2 | 202.9 | 201.9 | 201.0 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FL103162000 | 586.4 | 590.2 | 599.9 | 591.0 | 590.2 | 590.9 | 595.7 | 597.7 | 599.9 | 6 |
| All sectors; municipal securities; asset | FL893062005 | 4188.8 | 4344.7 | 4357.8 | 4276.2 | 4344.7 | 4325.2 | 4386.6 | 4344.6 | 4357.8 | 7 |
| Households and nonprofit organizations; municipal securities; asset | LM153062005 | 1928.0 | 1940.6 | 1815.2 | 1933.7 | 1940.6 | 1899.7 | 1893.5 | 1833.1 | 1815.2 | 8 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 24.2 | 25.1 | 25.3 | 24.7 | 25.1 | 25.0 | 25.4 | 25.1 | 25.3 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | LM113062003 | 5.9 | 6.4 | 6.8 | 6.4 | 6.4 | 6.6 | 6.6 | 6.7 | 6.8 | 10 |
| State and local governments; municipal securities; asset | LM213062003 | 16.7 | 18.6 | 22.2 | 18.2 | 18.6 | 19.5 | 20.2 | 21.1 | 22.2 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | LM763062000 | 471.7 | 512.7 | 545.1 | 504.9 | 512.7 | 516.9 | 529.6 | 536.4 | 545.1 | 12 |
| Foreign banking offices in the U.S.; municipal securities; asset | LM753062003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 13 |
| Banks in U.S.-affiliated areas; municipal securities; asset | LM743062003 | 1.2 | 0.1 | 0.1 | 1.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 14 |
| Credit unions; municipal securities; asset | LM473062005 | 5.5 | 10.1 | 12.0 | 8.6 | 10.1 | 10.9 | 11.5 | 11.9 | 12.0 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | LM513062005 | 285.2 | 297.9 | 292.9 | 291.1 | 297.9 | 294.3 | 296.9 | 293.0 | 292.9 | 16 |
| Life insurance companies; municipal securities; asset | LM543062005 | 215.0 | 234.2 | 232.6 | 227.4 | 234.2 | 231.6 | 234.1 | 232.2 | 232.6 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 19 |
| Money market funds; municipal securities; asset | FL633062000 | 139.5 | 125.4 | 110.9 | 130.2 | 125.4 | 117.0 | 112.5 | 106.3 | 110.9 | 20 |
| Mutual funds; municipal securities; asset (market value) | LM653062003 | 831.0 | 891.3 | 987.5 | 857.5 | 891.3 | 913.3 | 956.1 | 974.9 | 987.5 | 21 |
| Closed-end funds; municipal securities; asset | LM553062003 | 93.2 | 94.9 | 97.9 | 92.9 | 94.9 | 95.0 | 96.7 | 97.0 | 97.9 | 22 |
| Exchange-traded funds; municipal securities; asset | LM563062003 | 48.3 | 63.0 | 83.0 | 56.9 | 63.0 | 67.7 | 74.5 | 78.5 | 83.0 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | LM403062005 | 3.3 | 2.8 | 2.3 | 3.0 | 2.8 | 2.7 | 2.6 | 2.5 | 2.3 | 24 |
| Security brokers and dealers; municipal securities; asset | LM663062003 | 16.4 | 6.8 | 11.1 | 10.4 | 6.8 | 8.8 | 10.7 | 12.1 | 11.1 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FL503062003 | 0.0 | 6.3 | 4.1 | 1.7 | 6.3 | 6.1 | 4.8 | 4.4 | 4.1 | 26 |
| Rest of the world; municipal securities; asset | FL263062003 | 103.7 | 108.5 | 108.7 | 107.5 | 108.5 | 110.2 | 110.7 | 109.3 | 108.7 | 27 |
| Instrument discrepancies; municipal securities (level) (3) | LM903062003 | -291.5 | -363.7 | -308.1 | -317.1 | -363.7 | -318.0 | -356.6 | -305.4 | -308.1 | 28 |
NOTES
- Debt with original maturity of 13 months or less.
- Liability of the households and nonprofit organizations sector (tables L.101 and B.101).
- The accumulated valuation difference between issuance and holdings.
Last Update: March 10, 2022