Federal Reserve Economic Data: Your trusted data source since 1991

Annual Tables

S.8.a State and Local Governments

   

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    1945    
 
 
    2023
Millions of Dollars
Line Name Period Value Preceding
Period
Year Ago
from Period
Current account
line 1
Gross value added
2023 2,148,795 2,045,066 2,045,066
line 2
Less: Consumption of fixed capital
2023 393,213 371,516 371,516
line 3
Equals: Net value added
2023 1,755,582 1,673,550 1,673,550
line 4
Compensation of employees (paid)
2023 1,773,061 1,676,741 1,676,741
line 5
Wages and salaries
. . . .
line 6
Employers’ social contributions
. . . .
line 7
Operating surplus, net
2023 -17,479 -3,191 -3,191
line 8
Net national income/Balance of primary incomes, net
. . . .
line 9
Operating surplus, net
2023 -17,479 -3,191 -3,191
line 10
Taxes on production and imports, receivable
2023 1,656,469 1,616,035 1,616,035
line 11
Subsidies (paid)
2023 -688 -668 -668
line 12
Property income (received)
. . . .
line 13
Interest
. . . .
line 14
Distributed income of corporations (dividends)
. . . .
line 15
Rents on land and natural resources
. . . .
line 16
Less: Uses of property income (interest paid)
. . . .
line 17
Net national income/Balance of primary incomes, net
. . . .
line 18
Plus: Current taxes on income, wealth, etc. (received)
. . . .
line 19
Plus: Social benefits (received)
2023 21,879 22,473 22,473
line 20
Less: Social contributions (paid)
2023 1,058,427 1,012,348 1,012,348
line 21
Plus: Other current transfers (received)
2023 1,125,898 1,137,988 1,137,988
line 22
Less: Other current transfers (paid)
2023 0 0 0
line 23
Equals: Disposable income, net
. . . .
line 24
Less: Final consumption expenditures
2023 2,423,074 2,341,080 2,341,080
line 25
Equals: Net saving
. . . .
Capital account
line 26
Net saving less capital transfers
. . . .
line 27
Net saving
. . . .
line 28
Less: Capital transfers paid (net)
2023 -95,468 -229,767 -229,767
line 29
Capital formation, net
2023 175,473 117,791 117,791
line 30
Gross fixed capital formation (acquisition of produced nonfinancial assets)
2023 548,928 470,246 470,246
line 31
Less: Consumption of fixed capital
2023 393,213 371,516 371,516
line 32
Acquisition of nonproduced nonfinancial assets
2023 19,758 19,061 19,061
line 33
Net lending (+) or borrowing (-), capital account (lines 26-29)
. . . .
Financial account
line 34
Net lending (+) or borrowing (-) (line 33)
. . . .
line 35
Net acquisition of financial assets
2023 137,013 396,650 396,650
line 36
Currency and deposits
2023 18,449 2,335 2,335
line 37
Currency and transferable deposits
2023 14,714 14,695 14,695
line 38
Time and savings deposits
. . . .
line 39
Debt securities
2023 98,987 346,111 346,111
line 40
Open market paper
2023 4,010 4,004 4,004
line 41
Treasury securities
. . . .
line 42
Agency- and GSE-backed securities
2023 3,029 36,251 36,251
line 43
Municipal securities
2023 -377 6,422 6,422
line 44
Corporate and foreign bonds
2023 -1,973 -10,461 -10,461
line 45
Loans
2023 9,647 7,869 7,869
line 46
Short term
2023 10,006 10,001 10,001
line 47
Long term (mortgages)
2023 8,002 7,672 7,672
line 48
Equity and investment fund shares
2023 13,292 7,597 7,597
line 49
Money market fund shares
2023 15,490 9,797 9,797
line 50
Corporate equities
2023 -3,399 -3,400 -3,400
line 51
Mutual fund shares
2023 1,201 1,200 1,200
line 52
Other accounts receivable
2023 -3,361 32,738 32,738
line 53
Trade receivables
2023 13,696 20,387 20,387
line 54
Taxes receivable
2023 5,409 11,456 11,456
line 55
Other (miscellaneous assets)
2023 -22,466 895 895
line 56
Net incurrence of liabilities
2023 323,950 247,482 247,482
line 57
Debt securities (municipals)
2023 20,216 -52,368 -52,368
line 58
Short term
2023 1,504 -7,465 -7,465
line 59
Other
2023 18,712 -44,903 -44,903
line 60
Loans (short term)
2023 985 721 721
line 61
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
2023 234,273 234,274 234,274
line 62
Other accounts payable (trade payables)
2023 68,476 64,855 64,855
Addendum:
line 63
Net lending (+) or borrowing (-), financial account (lines 35-56)
2023 -186,937 149,168 149,168
Other changes in volume account
line 64
Total other volume changes
. . . .
line 65
Disaster losses
2023 0 -3,000 -3,000
line 66
Other volume changes
2023 -35,993 838,909 838,909
line 67
Less: Statistical discrepancy (lines 33-63)
. . . .
Revaluation account
line 68
Nonfinancial assets
2023 311,133 1,268,035 1,268,035
line 69
Structures
2023 303,781 1,239,594 1,239,594
line 70
Equipment
2023 2,670 20,897 20,897
line 71
Intellectual property products
2023 4,682 7,544 7,544
line 72
Financial assets (equity and investment fund shares)
2023 73,054 -87,263 -87,263
line 73
Liabilities (claim of pension funds on sponsor)
2023 -565,711 550,095 550,095
line 74
Changes in net worth due to nominal holding gains/losses
2023 949,898 630,677 630,677
Changes in balance sheet account
line 75
Change in net worth (lines 29+33+64+74)
2023 902,441 1,733,545 1,733,545
Balance sheet account (end of period)
line 76
Total assets
2023 20,645,569 19,919,970 19,919,970
line 77
Nonfinancial assets
2023 15,894,077 15,427,105 15,427,105
line 78
Structures
2023 15,382,479 14,934,921 14,934,921
line 79
Equipment
2023 309,777 303,721 303,721
line 80
Intellectual property products
2023 201,821 188,463 188,463
line 81
Financial assets
2023 4,751,492 4,492,865 4,492,865
line 82
Currency and deposits
2023 749,376 730,927 730,927
line 83
Currency and transferable deposits
2023 375,140 360,426 360,426
line 84
Time and savings deposits
. . . .
line 85
Debt securities
2023 2,279,057 2,131,416 2,131,416
line 86
Open market paper
2023 89,162 85,152 85,152
line 87
Treasury securities
. . . .
line 88
Agency- and GSE-backed securities
2023 422,856 410,074 410,074
line 89
Municipal securities
2023 26,299 25,936 25,936
line 90
Corporate and foreign bonds
2023 151,973 146,886 146,886
line 91
Loans
2023 585,295 575,743 575,743
line 92
Short term
2023 209,257 199,250 199,250
line 93
Long term (mortgages)
2023 284,502 276,595 276,595
line 94
Equity and investment fund shares
2023 496,383 410,037 410,037
line 95
Money market fund shares
2023 80,591 65,101 65,101
line 96
Corporate equities
2023 293,207 239,331 239,331
line 97
Mutual fund shares
2023 122,585 105,605 105,605
line 98
Other accounts receivable
2023 641,381 644,741 644,741
line 99
Trade receivables
2023 309,608 295,912 295,912
line 100
Taxes receivable
2023 226,322 220,912 220,912
line 101
Other (miscellaneous assets)
2023 105,451 127,917 127,917
line 102
Total liabilities and net worth
2023 20,645,569 19,919,970 19,919,970
line 103
Liabilities
2023 7,489,527 7,666,369 7,666,369
line 104
Debt securities (municipals)
2023 3,230,615 3,210,399 3,210,399
line 105
Short term
2023 26,958 25,454 25,454
line 106
Other
2023 3,203,657 3,184,945 3,184,945
line 107
Loans (short term)
2023 24,268 23,283 23,283
line 108
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
2023 2,938,819 3,205,338 3,205,338
line 109
Other accounts payable (trade payables)
2023 1,295,825 1,227,349 1,227,349
line 110
Net worth
2023 13,156,042 12,253,601 12,253,601
   

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