Data / Municipal securities held by U.S. households and nonprofits / United States

Municipal securities held by U.S. households and nonprofits in United States

Municipal securities held by U.S. households and nonprofits in the United States was $2.11 trillion in Q2 2026, according to the Board of Governors of the Federal Reserve System. That is up 7.3% from Q2 2025.

Q2 2026, USD million2,114,174
Change on Q2 2025+7.3%
Series high2,147,607Q2 2012
Series low3,724Q4 1949

Next release: Friday, 11 December 2026, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

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Municipal securities held by U.S. households and nonprofits in United States, Q4 1945 to Q2 2026

0500K1M1.5M2M2.5M1945-Q41961-Q21972-Q21983-Q21994-Q22005-Q22016-Q22026-Q22026-Q2: 2,114,174 USD million01M2M3M1945-Q41975-Q42001-Q22026-Q22026-Q2: 2,114,174 USD million
USD million. Source: Federal Reserve Board, Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q). Retrieved 2026-10-12, published 2026-09-11.
All 305 values
PeriodUSD million
2026-Q22,114,174
2026-Q12,046,877
2025-Q42,052,445
2025-Q32,035,805
2025-Q21,969,541
2025-Q11,938,239
2024-Q41,937,420
2024-Q31,973,092
2024-Q21,910,425
2024-Q11,874,741
2023-Q41,863,507
2023-Q31,711,128
2023-Q21,781,555
2023-Q11,772,190
2022-Q41,711,259
2022-Q31,634,723
2022-Q21,708,494
2022-Q11,744,859
2021-Q41,892,809
2021-Q31,921,006
2021-Q21,979,428
2021-Q11,978,000
2020-Q42,021,527
2020-Q32,018,189
2020-Q22,007,749
2020-Q11,985,842
2019-Q42,008,743
2019-Q32,009,265
2019-Q22,015,713
2019-Q12,004,028
2018-Q41,980,302
2018-Q31,957,652
2018-Q21,980,375
2018-Q11,972,265
2017-Q42,040,343
2017-Q32,025,031
2017-Q22,040,457
2017-Q12,007,963
2016-Q42,009,752
2016-Q32,083,819
2016-Q22,096,539
2016-Q12,031,985
2015-Q42,012,766
2015-Q32,019,189
2015-Q22,016,805
2015-Q12,040,195
2014-Q42,036,669
2014-Q32,038,510
2014-Q22,024,784
2014-Q11,989,584
2013-Q41,934,350
2013-Q31,961,018
2013-Q22,004,549
2013-Q12,101,766
2012-Q42,108,073
2012-Q32,147,249
2012-Q22,147,607
2012-Q12,112,593
2011-Q42,115,533
2011-Q32,087,069
2011-Q22,026,219
2011-Q11,950,442
2010-Q41,950,089
2010-Q32,034,484
2010-Q21,971,566
2010-Q11,939,994
2009-Q41,903,543
2009-Q31,892,175
2009-Q21,731,154
2009-Q11,672,876
2008-Q41,561,310
2008-Q31,554,330
2008-Q21,667,873
2008-Q11,640,050
2007-Q41,690,573
2007-Q31,804,180
2007-Q21,807,923
2007-Q11,796,789
2006-Q41,784,996
2006-Q31,765,921
2006-Q21,726,804
2006-Q11,687,227
2005-Q41,715,789
2005-Q31,692,441
2005-Q21,682,870
2005-Q11,616,729
2004-Q41,609,508
2004-Q31,559,020
2004-Q21,479,918
2004-Q11,487,493
2003-Q4684,452
2003-Q3667,839
2003-Q2687,233
2003-Q1630,708
2002-Q4641,457
2002-Q3625,599
2002-Q2594,093
2002-Q1536,976
2001-Q4525,667
2001-Q3531,361
2001-Q2525,344
2001-Q1495,001
2000-Q4475,298
2000-Q3461,015
2000-Q2462,167
2000-Q1440,812
1999-Q4431,989
1999-Q3446,042
1999-Q2477,077
1999-Q1483,487
1998-Q4479,396
1998-Q3493,247
1998-Q2497,444
1998-Q1472,130
1997-Q4478,493
1997-Q3455,420
1997-Q2451,918
1997-Q1433,928
1996-Q4461,358
1996-Q3474,845
1996-Q2496,509
1996-Q1498,560
1995-Q4507,271
1995-Q3533,315
1995-Q2538,162
1995-Q1566,778
1994-Q4590,495
1994-Q3598,380
1994-Q2621,373
1994-Q1611,052
1993-Q4621,830
1993-Q3645,867
1993-Q2659,950
1993-Q1667,362
1992-Q4672,080
1992-Q3706,792
1992-Q2706,491
1992-Q1714,865
1991-Q4716,426
1991-Q3714,710
1991-Q2698,985
1991-Q1679,391
1990-Q4684,298
1990-Q3679,496
1990-Q2680,442
1990-Q1667,678
1989-Q4652,714
1989-Q3638,957
1989-Q2629,458
1989-Q1624,160
1988-Q4626,010
1988-Q3605,107
1988-Q2581,426
1988-Q1566,767
1987-Q4559,155
1987-Q3533,709
1987-Q2507,235
1987-Q1480,504
1986-Q4456,873
1986-Q3444,220
1986-Q2457,611
1986-Q1444,457
1985-Q4438,799
1985-Q3383,914
1985-Q2365,996
1985-Q1352,600
1984-Q4324,661
1984-Q3320,001
1984-Q2301,349
1984-Q1280,342
1983-Q4246,752
1983-Q3245,480
1983-Q2230,886
1983-Q1212,744
1982-Q4201,416
1982-Q3199,419
1982-Q2188,545
1982-Q1171,382
1981-Q4158,648
1981-Q3158,568
1981-Q2150,441
1981-Q1142,505
1980-Q4129,712
1980-Q3128,410
1980-Q2126,357
1980-Q1123,644
1979-Q4123,387
1979-Q3121,094
1979-Q2116,868
1979-Q1109,320
1978-Q4104,168
1978-Q397,663
1978-Q292,098
1978-Q184,708
1977-Q478,817
1977-Q376,821
1977-Q277,953
1977-Q173,367
1976-Q472,859
1976-Q374,962
1976-Q273,874
1976-Q169,757
1975-Q466,809
1975-Q365,177
1975-Q263,059
1975-Q162,603
1974-Q462,164
1974-Q362,394
1974-Q257,899
1974-Q156,629
1973-Q455,136
1973-Q354,174
1973-Q251,521
1973-Q150,607
1972-Q447,684
1972-Q347,181
1972-Q246,909
1972-Q146,559
1971-Q445,970
1971-Q346,564
1971-Q246,375
1971-Q146,097
1970-Q447,144
1970-Q348,542
1970-Q248,227
1970-Q148,079
1969-Q447,244
1969-Q345,302
1969-Q242,266
1969-Q140,035
1968-Q436,490
1968-Q337,621
1968-Q238,066
1968-Q137,137
1967-Q438,208
1967-Q339,262
1967-Q238,330
1967-Q139,687
1966-Q441,151
1966-Q339,058
1966-Q238,778
1966-Q137,666
1965-Q436,531
1965-Q334,915
1965-Q233,792
1965-Q133,771
1964-Q434,854
1964-Q334,138
1964-Q233,112
1964-Q132,475
1963-Q432,094
1963-Q331,128
1963-Q231,642
1963-Q131,665
1962-Q432,087
1962-Q331,852
1962-Q231,384
1962-Q131,469
1961-Q432,506
1961-Q331,180
1961-Q231,610
1961-Q130,769
1960-Q431,007
1960-Q330,503
1960-Q230,072
1960-Q128,972
1959-Q428,362
1959-Q327,058
1959-Q226,068
1959-Q125,460
1958-Q424,616
1958-Q323,794
1958-Q223,317
1958-Q124,382
1957-Q423,851
1957-Q323,526
1957-Q222,812
1957-Q122,537
1956-Q421,900
1956-Q321,308
1956-Q220,436
1956-Q119,569
1955-Q419,174
1955-Q318,360
1955-Q217,509
1955-Q116,484
1954-Q415,964
1954-Q315,246
1954-Q214,678
1954-Q114,386
1953-Q413,873
1953-Q313,542
1953-Q212,743
1953-Q111,875
1952-Q410,957
1952-Q310,606
1952-Q29,835
1952-Q17,499
1951-Q45,740
1950-Q45,465
1949-Q43,724
1948-Q44,629
1947-Q44,458
1946-Q43,817
1945-Q43,869

Definition

Market value of municipal securities held as assets by the U.S. households and nonprofit organizations sector, in millions of dollars at quarter end. These are securities issued by state and local governments and related public authorities.

These are end-of-period balances in millions of current U.S. dollars and are not seasonally adjusted. S1M.b covers households and nonprofit organizations together, including farm households; its sector note also includes private equity funds, personal trusts, and domestic hedge funds through 2012:Q3. It is not a household-only measure unless the indicator name says so. The first available observation is 1945:Q4; observations are annual at year end through 1951 and quarterly from 1952:Q1. Missing quarters remain missing and are not interpolated by this dataset. Valuation basis varies by item: real estate and marketable securities are at market value, while consumer durables and other nonfinancial assets use replacement or current cost. Totals and component rows overlap; memo items such as 529 plan assets are already included in total assets. Federal Reserve releases may revise historical values or methods, which can affect comparisons over time.

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How to cite

Board of Governors of the Federal Reserve System. Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q). https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm. Retrieved 2026-10-12.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Board of Governors of the Federal Reserve System. (2026). Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q) (Municipal securities held by U.S. households and nonprofits, United States, 1945-Q4 to 2026-Q2) [Data set]. Retrieved October 12, 2026, from https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm

MLA 9

Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q), Municipal securities held by U.S. households and nonprofits, United States, 1945-Q4 to 2026-Q2. Board of Governors of the Federal Reserve System, 11 Sept. 2026, https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm. Invokely, https://invokely.ai/en/us-household-nonprofit-municipal-securities/united-states. Accessed 12 Oct. 2026.

Chicago (author-date)

Board of Governors of the Federal Reserve System. 2026. Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q). Municipal securities held by U.S. households and nonprofits, United States, 1945-Q4 to 2026-Q2. Dataset. Accessed October 12, 2026. https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm. Also distributed by Invokely, https://invokely.ai/en/us-household-nonprofit-municipal-securities/united-states.

Harvard

Board of Governors of the Federal Reserve System (2026) Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q), Municipal securities held by U.S. households and nonprofits, United States, 1945-Q4 to 2026-Q2 [Dataset]. Available at: https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm, via Invokely: https://invokely.ai/en/us-household-nonprofit-municipal-securities/united-states (Accessed: 12 October 2026).

BibTeX
@misc{board_municipal_securities_held_by_2026,
  author = {{Board of Governors of the Federal Reserve System}},
  title = {{Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q): Municipal securities held by U.S. households and nonprofits, United States, 1945-Q4 to 2026-Q2}},
  year = {2026},
  howpublished = {Data set},
  url = {https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/us-household-nonprofit-municipal-securities/united-states. Publisher attribution: Board of Governors of the Federal Reserve System. Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q). https://www.federalreserve.gov/releases/z1/current/html/S1M\_b.htm. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - Board of Governors of the Federal Reserve System
TI  - Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q): Municipal securities held by U.S. households and nonprofits, United States, 1945-Q4 to 2026-Q2
PY  - 2026
DA  - 2026/09/11
PB  - Board of Governors of the Federal Reserve System
DB  - Invokely
UR  - https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm
L2  - https://invokely.ai/en/us-household-nonprofit-municipal-securities/united-states
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/us-household-nonprofit-municipal-securities/united-states.
N1  - Publisher attribution: Board of Governors of the Federal Reserve System. Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q). https://www.federalreserve.gov/releases/z1/current/html/S1M_b.htm. Retrieved 2026-10-12.
ER  -
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Questions

What is the municipal securities held by U.S. households and nonprofits in United States?

Municipal securities held by U.S. households and nonprofits in the United States was $2.11 trillion in Q2 2026, according to the Board of Governors of the Federal Reserve System. That is up 7.3% from Q2 2025.

Where does this figure come from?

Board of Governors of the Federal Reserve System. Z.1 Financial Accounts, S1M.b: Households and nonprofit organizations; municipal securities; asset (LM153062005.Q). Retrieved by Invokely on 2026-10-12.

What was the highest municipal securities held by U.S. households and nonprofits in United States?

$2.15 trillion in Q2 2012, the highest value since Q4 1945 in this series.

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