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10 March 2012

Federal Reserve: Local Government Debt Declines for First Time Since 1996

The Federal Reserve recently reported that, for the first time since 1996, state and local governments in the United States reduced their debt last year.

Media report:

Bloomberg: U.S. Local-Government Debt Declines for First Time Since 1996, Fed Reports (8 MAR 12)

Reports:

Federal Reserve: Flow of Funds Accounts of the United States - Fourth Quarter 2011 (8 MAR 12)

Federal Reserve: Flow of Funds Accounts of the United States: Coded Tables (8 MAR 12)

Federal Reserve: Credit Market Debt Growth by Sector (8 MAR 12)

Federal Reserve: Credit Market Debt Outstanding (8 MAR 12)

Federal Reserve: Consolidated Statement for Federal, State, and Local Governments (8 MAR 12)

Background information:

Board of Governors of the Federal Reserve System

Posted by Tom Lopatosky at 10:48 AM
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