Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

L.120 State and Local Government Employee Retirement 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
State and local government employee retirement funds; total financial assets FL224090005 4776.3 4929.2 5122.3 5337.1 5559.6 5820.3 5695.8 5740.4 5820.3 5888.1 5960.4 1
State and local government employee defined benefit retirement funds; checkable deposits and currency; asset FL223020043 3.9 4.1 3.8 4.1 4.4 4.5 4.6 4.5 4.5 4.2 4.3 2
State and local government employee defined benefit retirement funds; total time and savings deposits; asset FL223030045 33.1 35.3 32.4 34.7 37.9 38.1 39.0 38.4 38.1 36.4 36.5 3
State and local government employee retirement funds; money market mutual fund shares; asset FL223034005 50.4 49.3 45.2 48.6 51.6 51.9 52.9 51.3 51.9 48.8 48.8 4
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 3.2 3.3 3.1 3.3 3.6 3.6 3.7 3.6 3.6 3.4 3.4 5
State and local government employee defined benefit retirement funds retirement funds; debt securities; asset FL224022045 724.1 728.8 726.3 816.0 836.4 855.7 852.2 847.2 855.7 870.2 875.7 6
State and local government employee defined benefit retirement funds; commercial paper; asset FL223069143 36.4 38.5 35.3 37.8 41.3 41.5 42.5 41.9 41.5 39.6 39.7 7
State and local government employee defined benefit retirement funds; Treasury securities; asset FL223061143 153.7 160.7 172.9 188.3 181.3 174.8 178.0 173.5 174.8 175.6 173.9 8
State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset FL223061743 154.7 128.2 103.5 106.3 102.2 95.5 97.1 95.1 95.5 95.9 94.5 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
State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset FL223063045 377.3 399.9 413.2 481.2 509.3 541.9 532.4 534.6 541.9 556.7 565.2 11
State and local government employee defined benefit retirement funds; total mortgages; asset FL223065043 11.6 11.0 10.0 9.5 10.0 9.6 10.4 9.9 9.6 8.3 8.2 12
State and local government employee defined benefit retirement funds; corporate equities; asset LM223064145 1728.8 1655.3 1810.7 2172.1 2257.8 2157.2 2243.0 2057.7 2157.2 2155.1 2154.7 13
State and local government employee retirement funds; mutual fund shares; asset LM223064205 469.5 385.3 409.3 505.9 540.5 548.0 575.4 532.3 548.0 551.2 566.3 14
State and local government employee retirement funds; miscellaneous assets FL223090005 1751.8 2056.8 2081.6 1743.0 1817.5 2151.8 1914.7 2195.5 2151.8 2210.4 2262.4 15
State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset FL223095505 159.9 149.9 149.8 150.7 144.9 146.4 147.3 143.0 146.4 146.2 148.2 16
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset FL223073045 1454.8 1766.3 1791.5 1437.5 1503.9 1832.3 1591.0 1878.4 1832.3 1899.1 1947.5 17
State and local government employee retirement funds; unidentified miscellaneous assets FL223093005 137.1 140.6 140.2 154.8 168.7 173.0 176.4 174.1 173.0 165.2 166.8 18
State and local government employee retirement funds; pension entitlements (total liabilities) FL224190005 4882.8 5039.9 5246.9 5483.6 5715.5 5967.6 5849.1 5886.4 5967.6 6035.6 6108.0 19
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) FL224190043 4408.7 4604.1 4789.6 4986.9 5233.9 5496.0 5362.9 5429.1 5496.0 5562.9 5629.8 20
State and local government employee defined benefit retirement funds; total funded assets FL222000075 2953.9 2837.8 2998.1 3549.4 3730.0 3663.7 3771.9 3550.7 3663.7 3663.9 3682.3 21
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset FL223073045 1454.8 1766.3 1791.5 1437.5 1503.9 1832.3 1591.0 1878.4 1832.3 1899.1 1947.5 22
State and local government employee defined benefit retirement funds; total financial assets FL224090045 4302.2 4493.3 4665.0 4840.4 5078.0 5348.6 5209.6 5283.1 5348.6 5415.4 5482.2 23
State and local government employee defined contribution retirement funds; total financial assets FL224090055 474.1 435.8 457.3 496.7 481.6 471.6 486.2 457.3 471.6 472.7 478.1 24

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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. 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.
Last update: September 16, 2016