Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

F.120.b State and Local Government Employee Retirement Funds Defined Benefit Plans

2016:Q3 Release Date: December 8, 2016

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description		 Series code 2014
2015
2015
Q1		 2015
Q2		 2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2		 2016
Q3
Line
State and local government employee defined benefit retirement funds; total financial assets FA224090045 205.3 210.1 204.1 208.0 212.6 215.7 215.7 215.7 215.7 1
State and local government employee defined benefit retirement funds; checkable deposits and currency; asset FA223020043 0.4 0.0 0.3 0.3 -0.3 -0.1 -0.8 0.7 0.1 2
State and local government employee defined benefit retirement funds; total time and savings deposits; asset FA223030045 3.2 0.2 2.2 2.3 -2.2 -1.2 -7.0 6.2 0.6 3
State and local government employee defined benefit retirement funds; money market mutual fund shares; asset FA223034043 3.8 0.3 2.6 2.7 -2.7 -1.5 -8.3 7.5 0.7 4
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FA222051043 0.3 0.0 0.2 0.2 -0.2 -0.1 -0.7 0.6 0.1 5
State and local government employee defined benefit retirement funds retirement funds; debt securities; asset FA224022045 20.3 -5.7 -39.7 3.0 -20.0 34.1 58.0 79.4 14.6 6
State and local government employee defined benefit retirement funds; commercial paper; asset FA223069143 3.4 0.3 2.4 2.5 -2.4 -1.4 -7.6 6.8 0.6 7
State and local government employee defined benefit retirement funds; Treasury securities; asset FA223061143 -7.0 -6.5 -19.5 6.2 -17.8 5.2 3.1 26.6 16.5 8
State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset FA223061743 -4.1 -6.7 -13.6 -6.9 -7.8 1.5 1.7 14.7 -4.4 9
State and local government employee defined benefit retirement funds; municipal securities; asset FA223062043 -0.2 -0.2 -0.1 0.1 -0.7 -0.1 1.6 0.2 0.0 10
State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset FA223063045 28.2 7.5 -8.9 1.2 8.8 28.9 59.2 31.1 1.8 11
State and local government employee defined benefit retirement funds; total mortgages; asset FA223065043 0.6 -0.4 0.7 0.8 -1.9 -1.3 -5.1 0.0 -0.7 12
State and local government employee defined benefit retirement funds; corporate equities; asset FA223064145 -132.2 -66.7 -71.8 -74.5 -47.7 -72.9 -8.6 -77.3 -62.1 13
State and local government employee defined benefit retirement funds; mutual fund shares; asset FA223064243 37.3 24.6 58.1 41.2 -0.9 0.0 -8.5 -2.0 26.1 14
State and local government employee defined benefit retirement funds; miscellaneous assets FA223090045 271.7 257.7 251.6 232.1 288.6 258.7 196.7 200.5 236.3 15
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset FA223073045 261.1 256.0 239.4 219.3 298.0 267.3 218.1 204.0 235.5 16
State and local government employee defined benefit retirement funds; unidentified miscellaneous assets FA223093043 10.6 1.7 12.2 12.7 -9.4 -8.6 -21.4 -3.5 0.9 17
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) FA224190043 205.3 210.1 204.0 208.0 212.6 215.6 215.6 215.6 215.6 18

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NOTES

  1. Includes claims on sponsor (i.e., unfunded pension entitlements).
  2. Unfunded defined benefit pension entitlements.
  3. Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.
Last update: December 8, 2016