Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: December 10, 2015
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L.120 State and Local Government Employee Retirement Funds

Billions of dollars; amounts outstanding end of period, not seasonally adjusted


Description
2009
2010
2011
2012
2013
2014
2014
Q3
2014
Q4
2015
Q1
2015
Q2
2015
Q3

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State and local government employee retirement funds; total financial assets 4285.0 4781.0 4934.9 5128.8 5310.8 5498.7 5448.9 5498.7 5547.4 5592.4 5610.2 1
State and local government employee retirement funds; checkable deposits and currency; asset 3.5 4.0 4.4 4.4 4.5 5.2 5.6 5.2 5.5 5.2 5.4 2
State and local government employee retirement funds; total time and savings deposits; asset 29.1 34.1 36.0 32.9 35.4 39.9 38.5 39.9 41.9 43.3 44.4 3
State and local government employee retirement funds; money market mutual fund shares; asset 39.7 41.8 42.6 38.9 42.3 48.1 45.5 48.1 49.9 52.1 53.8 4
State and local government employee retirement funds; security repurchase agreements; asset 2.9 3.2 3.3 3.1 3.3 3.7 3.6 3.7 3.9 4.0 4.2 5
State and local government employee retirement funds; debt securities; asset 731.7 758.1 764.6 763.7 851.0 896.0 888.7 896.0 905.4 904.1 916.7 6
State and local government employee retirement funds; commercial paper; asset 36.2 40.3 42.1 38.5 41.4 46.4 45.5 46.4 49.4 51.1 52.0 7
State and local government employee retirement funds; Treasury securities; asset 155.9 167.1 176.5 188.8 201.1 189.1 197.5 189.1 184.3 179.6 179.0 8
State and local government employee retirement funds; agency- and GSE-backed securities; asset 162.3 164.6 137.3 112.0 114.6 110.2 113.8 110.2 108.1 106.5 106.2 9
State and local government employee defined benefit retirement funds; municipal securities; asset 1.4 2.2 1.7 1.8 3.1 4.2 3.4 4.2 2.8 4.8 4.8 10
State and local government employee defined benefit retirement funds; domestic corporate bonds; asset 375.8 383.8 407.0 422.5 490.7 546.1 528.4 546.1 560.8 562.1 574.6 11
State and local government employee defined benefit retirement funds; total mortgages; asset 11.9 11.6 11.0 10.0 9.4 9.2 9.2 9.2 6.8 7.3 7.1 12
State and local government employee retirement funds; corporate equities; asset 1689.7 1866.5 1777.5 1944.0 2332.2 2446.9 2346.7 2446.9 2481.6 2459.0 2214.5 13
State and local government employee retirement funds; mutual fund shares; asset 327.2 358.4 292.2 306.2 394.6 428.1 418.5 428.1 434.2 426.9 411.9 14
State and local government employee retirement funds; miscellaneous assets 1449.3 1703.3 2003.4 2025.6 1638.1 1621.6 1692.7 1621.6 1618.2 1690.5 1952.2 15
State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset 135.6 151.1 139.7 136.4 130.5 136.1 134.1 136.1 137.9 137.7 130.4 16
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 1448.5 1377.1 1368.1 1440.9 1708.8 17
State and local government employee retirement funds; unidentified miscellaneous assets 82.1 97.5 99.1 95.9 106.2 108.4 110.0 108.4 112.1 112.0 113.1 18
State and local government employee retirement funds; pension entitlements (total liabilities) 4389.7 4887.5 5045.7 5252.9 5456.8 5658.1 5605.8 5658.1 5709.6 5753.0 5769.2 19
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) 3959.8 4408.7 4604.1 4789.6 4950.6 5130.0 5085.5 5130.0 5174.5 5219.0 5263.4 20
State and local government employee retirement funds; total funded assets 2728.2 2953.9 2839.5 2996.3 3549.3 3752.9 3637.0 3752.9 3806.3 3778.1 3554.7 21
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 1448.5 1377.1 1368.1 1440.9 1708.8 22
State and local government employee defined benefit retirement funds; total financial assets 3855.2 4302.2 4493.3 4665.5 4804.6 4970.6 4928.6 4970.6 5012.4 5058.4 5104.4 23
State and local government employee defined contribution retirement funds; total financial assets 429.8 478.8 441.6 463.3 506.2 528.1 520.3 528.1 535.1 534.0 505.8 24

NOTES

  1. Includes claims on sponsor (i.e., unfunded pension entitlements).
  2. Assets of defined contribution funds held at life insurance companies.
  3. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  4. Actuarial value of accrued pension entitlements. These liabilities are assets of the household sector.
  5. Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
  6. Additional detail on defined benefit plans and defined contribution plans is available on tables L.120.b and L.120.c.
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