State and local government current receipts: Income receipts on assets: Interest receipts
B112RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.83
Year-over-Year Change
5.89%
Date Range
1/1/1958 - 4/1/2025
Summary
This economic trend measures interest income received by state and local governments from their financial assets. It is an important indicator of government revenues and fiscal health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The state and local government current receipts: income receipts on assets: interest receipts trend represents the interest income earned by state and local governments on their holdings of financial assets like bonds, loans, and deposits. This provides insight into a key revenue stream for these jurisdictions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This metric is closely watched by policymakers and analysts to assess the fiscal condition of state and local governments.
Key Facts
- State and local governments earned $194 billion in interest receipts in 2022.
- Interest receipts account for about 5% of total state and local government current receipts.
- Interest income has declined since 2019 due to lower interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the interest income received by state and local governments from their holdings of financial assets like bonds, loans, and deposits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into an important revenue stream for state and local governments, which helps assess their fiscal health and budgetary conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to understand the fiscal condition of state and local governments and inform decisions around budgets, taxation, and public spending.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State and local government current receipts: Income receipts on assets: Interest receipts (B112RC1Q027SBEA), retrieved from FRED.