Source:	Board of Governors of the Federal Reserve System
Release:	Z.1 Flow of Funds Accounts of the United States
Notes: The FRED series Total Credit Market Debt Owed by Domestic Nonfinancial Sectors - State and Local Governments is now known as State and Local Governments, Excluding Employee Retirement Funds; Credit Market Instruments; Liability. The source series id is FL214104005.Q. This series appears in Table L.1. For further information see the assistance provided in the guide to the Flow of Funds at http://www.federalreserve.gov/apps/fof/. As stated on the December 08, 2011 release: The instrument tables on municipal securities and loans (tables F.211 and L.211) have been revised from 2004:Q1 forward to reflect a change in data sources. Data on debt outstanding and net issuance for state and local governments, nonprofit organizations, and nonfinancial corporate business (industrial revenue bonds) are now based on data from Mergent, a private data vendor. The new data indicate that municipal securities and loans outstanding in 2004:Q1 is $740 billion greater than previously estimated in the flow of funds accounts. The estimate of household holdings of municipal securities and loans is revised up by about $840 billion, on average, from 2004 forward.

Source:

Board of Governors of the Federal Reserve System

Release:

Z.1 Flow of Funds Accounts of the United States

Notes:

The FRED series Total Credit Market Debt Owed by Domestic Nonfinancial Sectors - State and Local Governments is now known as State and Local Governments, Excluding Employee Retirement Funds; Credit Market Instruments; Liability.

The source series id is FL214104005.Q.

This series appears in Table L.1. For further information see the assistance provided in the guide to the Flow of Funds at http://www.federalreserve.gov/apps/fof/.

As stated on the December 08, 2011 release:
The instrument tables on municipal securities and loans (tables F.211 and L.211) have been revised from 2004:Q1 forward to reflect a change in data sources. Data on debt outstanding and net issuance for state and local governments, nonprofit organizations, and nonfinancial corporate business
(industrial revenue bonds) are now based on data from Mergent, a private data vendor. The new data indicate that municipal securities and loans
outstanding in 2004:Q1 is $740 billion greater than previously estimated in the flow of funds accounts.
The estimate of household holdings of municipal securities and loans is revised up by about $840 billion, on average, from 2004 forward.

2012:Q4:	2,980.00
2012:Q3:	2,985.28
2012:Q2:	2,993.34
2012:Q1:	2,986.34

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State and Local Governments, Excluding Employee Retirement Funds; Credit Market Instruments; Liability (SLGTCMDODNS)