Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

F.120 State and Local Government Employee Retirement Funds

2016:Q2 Release Date: September 16, 2016

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description		 Series code 2010
2011
2012
2013
2014
2015
2015
Q2		 2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2
Line
State and local government employee retirement funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA226330005 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1
State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products FA225013005 0.1 0.1 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2
State and local government employee retirement funds; total financial assets FA224090005 239.9 184.5 202.2 199.6 175.4 205.4 202.2 174.0 240.5 217.5 219.5 3
State and local government employee defined benefit retirement funds; checkable deposits and currency; asset FA223020043 0.5 0.2 -0.3 0.3 0.4 0.0 0.3 -0.3 -0.1 -0.8 0.0 4
State and local government employee defined benefit retirement funds; total time and savings deposits; asset FA223030045 5.5 2.3 -2.9 2.3 3.2 0.2 2.3 -2.2 -1.2 -7.0 0.3 5
State and local government employee retirement funds; money market mutual fund shares; asset FA223034005 1.4 -1.1 -4.0 3.4 2.9 0.3 2.8 -6.4 2.4 -12.3 0.1 6
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FA222051043 0.3 0.1 -0.3 0.2 0.3 0.0 0.2 -0.2 -0.1 -0.7 0.0 7
State and local government employee defined benefit retirement funds retirement funds; debt securities; asset FA224022045 23.2 4.7 -2.5 89.7 20.3 -5.7 3.0 -20.0 34.1 58.0 22.1 8
State and local government employee defined benefit retirement funds; commercial paper; asset FA223069143 5.3 2.1 -3.1 2.5 3.4 0.3 2.5 -2.4 -1.4 -7.6 0.3 9
State and local government employee defined benefit retirement funds; Treasury securities; asset FA223061143 8.3 7.1 12.2 15.4 -7.0 -6.5 6.2 -17.8 5.2 3.1 -6.7 10
State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset FA223061743 2.5 -26.5 -24.7 2.8 -4.1 -6.7 -6.9 -7.8 1.5 1.7 -5.7 11
State and local government employee defined benefit retirement funds; municipal securities; asset FA223062043 0.7 -0.6 -0.0 1.0 -0.2 -0.2 0.1 -0.7 -0.1 1.6 0.0 12
State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset FA223063045 6.5 22.6 13.2 68.0 28.2 7.5 1.2 8.8 28.9 59.2 34.1 13
State and local government employee defined benefit retirement funds; total mortgages; asset FA223065043 -0.3 -0.6 -1.0 -0.5 0.6 -0.4 0.8 -1.9 -1.3 -5.1 -0.6 14
State and local government employee defined benefit retirement funds; corporate equities; asset FA223064145 -74.1 -64.8 -76.2 -179.0 -132.2 -66.7 -74.5 -47.7 -72.9 -8.6 -75.2 15
State and local government employee retirement funds; mutual fund shares; asset FA223064205 1.2 -68.0 -21.5 24.4 11.3 15.7 29.9 -20.6 3.7 8.2 23.4 16
State and local government employee retirement funds; miscellaneous assets FA223090005 282.2 311.6 310.8 258.7 268.6 262.0 237.4 273.3 276.0 185.7 249.3 17
State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset FA223095505 14.1 -9.6 -1.2 -0.7 -6.4 1.7 2.4 -15.2 12.9 -1.0 7.2 18
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset FA223073045 249.1 317.8 312.3 244.9 261.1 256.0 219.3 298.0 267.3 218.1 235.7 19
State and local government employee retirement funds; unidentified miscellaneous assets FA223093005 18.9 3.4 -0.3 14.6 13.9 4.3 15.6 -9.4 -4.2 -31.4 6.4 20
State and local government employee retirement funds; pension entitlements (total liabilities) FA224190005 239.9 184.4 202.3 199.5 175.3 205.4 202.1 173.9 240.4 217.5 219.4 21
State and local government employee defined benefit retirement funds; total financial assets FA224090045 220.7 215.2 211.7 207.3 205.3 210.1 208.0 212.6 215.7 215.7 215.7 22
State and local government employee defined contribution retirement funds; total financial assets FA224090055 19.2 -30.8 -9.5 -7.7 -29.9 -4.7 -5.8 -38.7 24.8 1.8 3.8 23

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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.
  4. Actuarial value of accrued pension entitlements. These liabilities are assets of the household sector.
  5. Additional detail on defined benefit plans and defined contribution plans is available on tables F.120.b and F.120.c.
Last update: September 16, 2016