Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

L.117 Private and Public Pension Funds

2016:Q2 Release Date: September 16, 2016

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


Description		 Series code 2010
2011
2012
2013
2014
2015
2015
Q2		 2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2
Line
Pension funds; total financial assets FL594090005 14532.5 14906.5 15745.3 16972.3 17641.2 18216.7 18122.0 17909.1 18216.7 18397.6 18620.4 1
Pension funds; checkable deposits and currency; asset FL593020005 16.4 22.1 19.8 19.6 23.3 24.3 23.2 23.7 24.3 24.7 25.4 2
Pension funds; total time and savings deposits; asset FL593030005 63.9 68.0 61.3 68.3 73.4 74.9 75.2 74.9 74.9 73.6 74.1 3
Pension funds; money market mutual fund shares; asset FL593034005 192.3 208.2 187.4 203.4 207.2 202.9 201.6 202.5 202.9 201.7 203.7 4
Pension funds; security repurchase agreements; asset FL592051005 5.9 6.0 5.5 6.1 6.6 6.3 6.5 6.4 6.3 6.1 6.0 5
Pension funds; debt securities; asset FL594022005 2860.7 3036.8 3233.0 3520.3 3648.8 3805.7 3449.5 3366.4 3805.7 3821.8 3841.3 6
Pension funds; commercial paper; asset FL593069105 74.5 78.9 71.2 79.1 84.5 87.9 87.4 87.5 87.9 86.5 87.0 7
Pension funds; Treasury securities; asset FL593061105 1626.7 1766.3 1894.5 2018.7 2094.5 2200.8 1868.5 1776.5 2200.8 2195.5 2200.7 8
Pension funds; agency- and GSE-backed securities; asset FL593061705 339.3 304.1 282.9 278.2 271.2 255.9 258.3 256.0 255.9 255.6 253.7 9
State and local government employee defined benefit retirement funds; municipal securities; asset FL223062043 2.0 1.4 1.4 2.4 2.2 2.0 2.2 2.0 2.0 2.4 2.4 10
Pension funds; corporate and foreign bonds; asset FL593063005 818.3 886.0 983.0 1141.9 1196.3 1259.1 1233.1 1244.4 1259.1 1281.8 1297.6 11
Pension funds; total mortgages; asset FL593065005 38.0 32.9 33.1 31.8 34.1 30.9 32.4 31.5 30.9 29.3 28.9 12
Pension funds; corporate equities; asset LM593064105 3647.8 3470.1 3849.5 4622.0 4760.7 4540.1 4740.7 4335.4 4540.1 4520.3 4546.1 13
Pension funds; mutual fund shares; asset LM593064205 2689.7 2589.1 2893.7 3513.4 3716.0 3764.7 3933.7 3659.1 3764.7 3810.2 3883.9 14
Pension funds; total miscellaneous assets FL593090005 5017.8 5473.4 5462.1 4987.3 5171.3 5766.9 5659.4 6209.1 5766.9 5909.7 6011.1 15
Pension funds; unallocated insurance contracts; asset FL593095005 626.1 633.8 653.5 676.2 672.3 665.9 678.2 656.9 665.9 666.1 671.8 16
Private pension funds; pension fund contributions receivable; asset FL573074005 90.8 93.8 81.4 79.0 76.1 71.8 73.7 72.7 71.8 69.9 68.1 17
Pension funds; claims of pension fund on sponsor; asset FL593073005 3634.1 4032.1 3979.7 3442.6 3593.6 4150.9 4041.1 4608.6 4150.9 4295.3 4382.6 18
Pension funds; unidentified miscellaneous assets FL593093005 666.8 713.6 747.5 789.6 829.4 878.2 866.4 870.9 878.2 878.4 888.6 19
Pension funds; total liabilities FL594190005 14675.6 15053.8 15906.4 17155.3 17833.6 18400.7 18311.9 18091.7 18400.7 18581.7 18804.7 20
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 10172.8 10566.2 10911.0 11273.6 11701.1 12136.7 11919.1 12027.7 12136.7 12245.3 12354.0 21
Defined benefit pension funds; total funded assets FL592000075 6538.7 6534.0 6932.6 7831.0 8107.5 7985.8 8005.6 7619.0 7985.8 7950.0 7971.5 22
Pension funds; defined benefit claims of pension fund on sponsor; asset FL593073045 3634.1 4032.1 3978.5 3442.6 3593.6 4150.9 3913.5 4408.7 4150.9 4295.3 4382.6 23
Households and nonprofit organizations; retirement assets FL153050015 21315.7 21853.0 23472.8 25967.9 27165.3 27821.6 27910.0 27268.8 27821.6 28095.1 28540.2 24
Defined benefit pension funds; total financial assets FL594090045 10029.8 10418.9 10749.9 11090.6 11508.6 11952.7 11729.3 11845.2 11952.7 12061.2 12169.8 25
Defined contribution pension funds; total financial assets FL594090055 4502.8 4487.6 4995.3 5881.8 6132.6 6264.0 6392.8 6063.9 6264.0 6336.3 6450.6 26
All sectors; IRAs; liability FL893131573 5029.0 5153.0 5785.0 6835.0 7266.0 7329.0 7504.0 7133.0 7329.0 7400.0 ND 27
Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability FL543150015 1754.2 1793.5 1942.6 2160.5 2258.0 2275.9 2283.9 2226.7 2275.9 2297.5 2352.2 28

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NOTES

  1. Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
  2. Includes claims on sponsor (i.e., unfunded pension entitlements).
  3. Includes both marketable and nonmarketable government securities.
  4. Assets of pension plans held at life insurance companies; series begins 1985:Q4.
  5. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  6. Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
  7. Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
  8. Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
  9. IRA assets are not included above. See memo items on table L.227 for a sectoral distribution of IRA accounts.
  10. Annuities held in IRAs are excluded. They are included in line 27.
Last update: September 16, 2016