Z.

1, February 16, 1999

L.106.c Consolidated Statement for Federal, State, and Local Governments
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
1993

1

1995

1996
Q1

Q2

1997
Q3

Q4

Q1

1998
Q2

Q3

1115.0

1082.6

1132.1

1177.6

1191.4

1235.7

1219.5

1229.8

1266.2

1299.7

1281.8

1

2
3
4
5

Gold, SDRs, and official foreign exchange
Checkable deposits and currency
Time and savings deposits
Security RPs

40.2
80.5
47.4
133.7

41.4
59.4
53.6
118.6

53.8
56.6
63.3
115.7

44.9
70.0
73.1
147.8

38.3
69.9
73.1
147.9

38.9
89.1
76.0
149.4

38.6
81.1
78.7
150.1

42.0
74.8
80.2
151.4

41.7
67.4
86.6
160.0

42.8
114.4
87.9
154.0

46.3
77.1
89.5
158.0

2
3
4
5

6

Credit market instruments

559.8

554.0

542.2

543.2

541.8

563.9

558.2

566.7

567.9

585.1

601.7

6

17.9
175.0
9.5
26.5
193.3
137.7

22.3
186.6
8.6
31.9
181.5
123.1

39.4
151.5
5.1
39.0
171.6
135.7

59.7
126.2
4.6
49.7
167.9
135.1

63.4
121.4
4.4
47.3
166.3
139.0

65.1
141.6
4.5
45.0
166.8
140.9

69.2
130.2
4.7
44.5
166.6
143.0

71.0
135.4
4.8
42.8
166.9
145.8

75.3
130.2
4.9
41.2
167.7
148.6

75.8
140.0
4.8
44.0
168.3
152.2

79.0
145.0
4.7
48.0
169.0
156.0

7
8
9
10
11
12

9.3
21.3

10.6
29.1

26.2
35.0

46.8
41.0

51.2
42.6

55.7
42.8

59.9
43.9

63.0
44.6

69.5
45.5

71.9
46.4

63.0
47.3

13
14

28.4
58.0
136.3

24.7
52.6
138.6

23.1
45.2
171.1

24.3
46.8
139.7

24.7
62.5
139.4

25.4
56.4
138.2

24.8
55.2
129.1

23.6
46.9
136.8

25.6
62.1
140.0

25.3
48.8
123.0

22.7
52.8
123.4

15
16
17

4537.2

4754.5

4943.1

5162.5

5217.5

5183.3

5225.5

5291.9

5336.0

5269.2

5253.9

18

8.0
17.0

8.0
17.6

10.2
18.2

9.7
18.3

9.2
18.4

9.2
18.4

9.2
18.7

9.2
18.3

9.2
18.4

9.2
18.4

9.2
18.8

19
20

4047.4
171.9
2690.2
26.6
1158.7
0.0

4234.7
179.9
2915.6
26.7
1112.4
0.0

4407.4
185.0
3133.7
28.2
1060.4
0.0

4578.0
187.0
3311.1
26.6
1053.3
0.0

4639.2
186.5
3366.4
26.3
1060.1
0.0

4594.3
186.3
3304.6
26.3
1077.1
0.0

4620.0
186.2
3321.2
26.1
1086.6
0.0

4676.1
186.5
3352.5
26.5
1110.6
0.0

4728.3
186.2
3382.0
25.9
1134.1
0.0

4649.7
186.0
3277.5
25.6
1160.7
0.0

4614.4
185.9
3234.4
25.5
1168.7
0.0

21
22
23
24
25
26

113.3
344.7
6.8

114.7
372.7
6.8

111.9
388.7
6.7

116.3
432.8
7.3

117.5
426.6
6.6

118.6
436.1
6.7

118.3
455.0
4.2

117.2
464.6
6.6

116.7
456.9
6.6

117.4
467.9
6.6

118.5
486.2
6.7

27
28
29

7
8
9
10
11
12

Total financial assets

1994

Open market paper
Agency securities (1)
Municipal securities
Corporate and foreign bonds
Mortgages
Other loans and advances (2)

13
14

Corporate equities
Mutual fund shares

15
16
17

Trade receivables
Taxes receivable
Miscellaneous assets

18

Total liabilities

19
20

SDR certificates
Treasury currency

21
22
23
24
25
26

Credit market instruments
Savings bonds
Other Treasury securities (3)
Budget agency securities
Municipal securities
Multifamily residential mortgages

27
28
29

Trade payables
Insurance and pension reserves
Miscellaneous liabilities

(1) Holdings by state and local governments may include small amounts of agency securities issued by the federal government.
(2) Excludes loans to state and local governments.
(3) Excludes Treasury securities owed to state and local governments.