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 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local governments; current receipts, NIPA basis | FA216010105 | 2793.1 | 3096.6 | 3519.4 | 3100.7 | 4031.4 | 3511.7 | 3433.8 | 3564.8 | 3595.0 | 1 |
| State and local governments; personal current taxes | FA216210001 | 496.5 | 515.9 | 595.2 | 560.2 | 586.4 | 605.1 | 629.0 | 655.1 | 680.0 | 2 |
| State and local governments; taxes on production and imports, receivable (IMA) | FA216240001 | 1357.6 | 1376.6 | 1467.4 | 1413.9 | 1458.5 | 1481.8 | 1515.2 | 1545.0 | 1573.6 | 3 |
| State and local governments; taxes on corporate income (accrual basis) | FA216231001 | 72.9 | 71.0 | 97.0 | 85.5 | 91.9 | 95.3 | 115.4 | 175.6 | 119.5 | 4 |
| State and local governments; contributions for government social insurance received | FA216601001 | 20.4 | 19.9 | 22.1 | 21.2 | 21.9 | 22.5 | 22.8 | 22.9 | 22.7 | 5 |
| State and local governments; property income (received) | FA216150105 | 96.8 | 96.4 | 98.5 | 97.7 | 98.0 | 98.7 | 99.6 | 100.4 | 100.3 | 6 |
| State and local governments; other current transfer received | FA216403105 | 759.6 | 1033.5 | 1250.9 | 939.9 | 1788.1 | 1213.8 | 1062.0 | 1075.1 | 1110.2 | 7 |
| State and local governments; operating surplus, net | FA216402101 | -10.7 | -16.8 | -11.7 | -17.6 | -13.5 | -5.5 | -10.2 | -9.4 | -11.3 | 8 |
| State and local governments; current expenditures | FA216900005 | 2942.1 | 3020.5 | 3242.3 | 3112.5 | 3202.7 | 3306.1 | 3347.8 | 3414.4 | 3523.5 | 9 |
| State and local governments; consumption expenditures | FA216901001 | 1876.5 | 1916.5 | 2045.4 | 1966.5 | 2015.3 | 2080.6 | 2119.3 | 2181.0 | 2270.7 | 10 |
| State and local governments; social contributions paid | FA216404001 | 758.7 | 808.3 | 902.0 | 850.0 | 885.5 | 933.2 | 939.2 | 948.2 | 971.0 | 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 | 291.8 | 293.4 | 293.3 | 291.6 | 288.6 | 284.4 | 281.1 | 13 |
| State and local governments; subsidies paid | FA216402001 | 0.6 | 0.6 | 3.1 | 2.5 | 8.6 | 0.6 | 0.6 | 0.7 | 0.7 | 14 |
| State and local governments; net saving including net capital transfers paid | FA216006005 | -149.0 | 76.1 | 277.1 | -11.8 | 828.7 | 205.6 | 85.9 | 150.4 | 71.5 | 15 |
| State and local governments; consumption of fixed capital, equipment, software, and structures, current cost basis (NIPA basis) | FA216300001 | 293.7 | 302.8 | 325.2 | 312.0 | 320.7 | 328.9 | 339.4 | 351.0 | 364.2 | 16 |
| State and local governments; net capital transfers paid (1) | FA215440005 | -73.9 | -82.7 | -84.8 | -81.2 | -84.1 | -92.2 | -81.7 | -83.1 | -551.2 | 17 |
| State and local governments; gross saving less net capital transfers paid | FA216000105 | 218.6 | 461.6 | 687.2 | 381.4 | 1233.5 | 626.7 | 507.0 | 584.5 | 986.9 | 18 |
| State and local governments; gross investment | FA215090005 | 221.2 | 417.7 | 635.0 | 326.8 | 1119.8 | 575.1 | 518.5 | 692.8 | 921.5 | 19 |
| State and local governments; gross fixed investment (NIPA basis) | FA215019001 | 422.5 | 441.2 | 442.3 | 442.2 | 437.3 | 442.3 | 447.4 | 451.6 | 455.6 | 20 |
| State and local governments; acquisition of nonproduced nonfinancial assets (net) | FA215420003 | 16.8 | 17.3 | 18.4 | 17.9 | 18.2 | 18.6 | 18.9 | 19.1 | 19.2 | 21 |
| State and local governments; net lending (+) or borrowing (-) (financial account) | FA215000005 | -218.0 | -40.8 | 174.4 | -133.3 | 664.2 | 114.2 | 52.2 | 222.2 | 446.8 | 22 |
| State and local governments; total financial assets | FA214090005 | 31.3 | 351.6 | 544.9 | 275.9 | 1070.1 | 509.7 | 323.9 | 430.0 | 808.3 | 23 |
| State and local governments; checkable deposits and currency; asset | FA213020005 | 6.2 | 90.8 | 115.7 | 79.2 | 204.3 | 100.8 | 78.8 | 25.3 | 54.4 | 24 |
| State and local governments; total time and savings deposits; asset | FA213030000 | 19.8 | -9.5 | -31.2 | 0.0 | -38.1 | -35.7 | -51.2 | 5.2 | -70.1 | 25 |
| State and local governments; money market fund shares; asset | FA213034003 | 6.8 | 13.5 | 15.3 | 16.3 | 12.2 | 11.3 | 21.4 | -7.7 | -2.3 | 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 | 332.4 | 33.2 | 808.5 | 339.8 | 148.0 | 414.1 | 734.1 | 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 | 383.9 | 177.3 | 838.2 | 351.9 | 168.2 | 376.7 | 681.5 | 30 |
| State and local governments; agency- and GSE-backed securities; asset | FA213061703 | 2.4 | -71.4 | -39.8 | -84.6 | -10.4 | -34.0 | -30.2 | 41.8 | 48.7 | 31 |
| State and local governments; municipal securities; asset | FA213062003 | -0.9 | 1.5 | 3.8 | 4.1 | 2.1 | 4.8 | 4.3 | 5.5 | 6.0 | 32 |
| State and local governments; corporate and foreign bonds; asset | FA213063003 | -16.6 | -1.2 | -19.5 | -67.7 | -25.4 | 13.2 | 1.8 | -14.0 | -6.1 | 33 |
| State and local governments; total mortgages; asset | FA213065005 | -1.9 | 5.3 | 3.3 | 7.6 | 4.1 | 2.1 | -0.6 | -3.0 | -5.4 | 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 | -12.9 | 31.5 | 20.2 | 2.1 | 37.6 | 66.1 | 30.0 | 46.0 | 37 |
| State and local governments; taxes receivable; asset | FA213078005 | 7.9 | 13.1 | 5.0 | 15.5 | -10.8 | 8.8 | 6.5 | -0.1 | -77.2 | 38 |
| State and local governments; unidentified miscellaneous assets | FA213093003 | -58.7 | 18.1 | 65.1 | 96.1 | 80.0 | 37.2 | 47.2 | -41.5 | 121.0 | 39 |
| State and local governments; total liabilities | FA214190005 | 249.3 | 392.4 | 370.5 | 409.1 | 405.9 | 395.4 | 271.7 | 207.8 | 361.5 | 40 |
| State and local governments; municipal securities; liability | FA213162005 | -3.2 | 89.5 | 67.4 | 107.6 | 104.0 | 92.6 | -34.4 | -99.5 | 51.4 | 41 |
| State and local governments; short-term municipal securities; liability (2) | FA213162400 | 6.8 | 1.7 | -13.7 | -12.3 | -10.8 | -30.6 | -0.9 | -21.6 | -3.0 | 42 |
| State and local governments; long-term municipal securities; liability | FA213162200 | -10.0 | 87.8 | 81.1 | 119.9 | 114.7 | 123.2 | -33.5 | -77.9 | 54.4 | 43 |
| State and local governments; U.S. government loans; liability | FA213169203 | 1.0 | 1.0 | 0.5 | 0.7 | 0.0 | -0.3 | 1.5 | 0.5 | 0.4 | 44 |
| State and local governments; trade payables; liability | FA213170003 | 48.6 | 48.4 | 52.6 | 50.9 | 51.9 | 53.1 | 54.7 | 56.8 | 59.8 | 45 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 202.9 | 253.5 | 250.0 | 250.0 | 250.0 | 250.0 | 250.0 | 250.0 | 250.0 | 46 |
| State and local governments; sector discrepancy | FA217005005 | -2.7 | 43.9 | 52.1 | 54.6 | 113.7 | 51.7 | -11.5 | -108.3 | 65.4 | 47 |
NOTES
- Table F.5, line 65.
- Debt with original maturity of 13 months or less.
- Included in miscellaneous liabilities.
Last Update: September 9, 2022