Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

L.117 Private and Public Pension Funds (1)

2016:Q4 Release Date: March 9, 2017

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


Description		 Series code 2014
2015
2016
2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2		 2016
Q3		 2016
Q4
Line
Pension funds; total financial assets(2) FL594090005 17641.1 18214.5 19077.4 17907.3 18214.5 18408.1 18623.5 18913.4 19077.4 1
Pension funds; checkable deposits and currency; asset FL593020005 23.3 24.3 26.8 23.7 24.3 24.7 25.6 26.2 26.8 2
Pension funds; total time and savings deposits; asset FL593030005 73.4 74.9 77.7 74.9 74.9 73.7 75.7 77.2 77.7 3
Pension funds; money market mutual fund shares; asset FL593034005 207.2 202.9 207.8 202.5 202.9 202.1 204.4 206.2 207.8 4
Pension funds; security repurchase agreements; asset FL592051005 6.6 6.3 6.5 6.4 6.3 6.2 6.3 6.5 6.5 5
Pension funds; debt securities; asset FL594022005 3648.8 3805.7 3995.8 3366.4 3805.7 3818.5 3851.2 3900.9 3995.8 6
Pension funds; commercial paper; asset FL593069105 84.5 87.9 91.8 87.5 87.9 86.7 89.2 91.0 91.8 7
Pension funds; Treasury securities; asset(3) FL593061105 2094.5 2200.8 2321.3 1776.5 2200.8 2193.9 2207.0 2236.3 2321.3 8
Pension funds; agency- and GSE-backed securities; asset FL593061705 271.2 255.9 260.3 256.0 255.9 256.1 259.0 261.4 260.3 9
State and local government employee defined benefit retirement funds; municipal securities; asset FL223062043 2.2 2.0 2.1 2.0 2.0 2.4 2.4 2.1 2.1 10
Pension funds; corporate and foreign bonds; asset FL593063005 1196.3 1259.1 1320.3 1244.4 1259.1 1279.4 1293.7 1310.0 1320.3 11
Pension funds; total mortgages; asset FL593065005 34.1 30.9 27.7 31.5 30.9 29.7 29.7 28.0 27.7 12
Pension funds; corporate equities; asset LM593064105 4760.7 4540.1 4843.5 4335.4 4540.1 4532.4 4579.7 4722.5 4843.5 13
Pension funds; mutual fund shares; asset LM593064205 3716.0 3764.7 3988.0 3659.1 3764.7 3812.6 3878.3 4000.9 3988.0 14
Pension funds; total miscellaneous assets FL593090005 5171.2 5764.7 5903.6 6207.4 5764.7 5908.2 5972.4 5945.1 5903.6 15
Pension funds; unallocated insurance contracts; asset(4) FL593095005 672.3 664.0 698.3 654.8 664.0 679.0 686.5 697.4 698.3 16
Private pension funds; pension fund contributions receivable; asset FL573074005 76.1 71.8 70.4 72.7 71.8 71.5 71.0 70.4 70.4 17
Pension funds; claims of pension fund on sponsor; asset(5) FL593073005 3593.4 4150.6 4231.3 4609.0 4150.6 4280.6 4327.7 4281.3 4231.3 18
Pension funds; unidentified miscellaneous assets FL593093005 829.4 878.2 903.7 870.9 878.2 877.1 887.2 896.0 903.7 19
Pension funds; total liabilities(6) FL594190005 17833.6 18399.2 19271.4 18090.0 18399.2 18592.8 18810.0 19103.6 19271.4 20
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 11701.1 12136.7 12571.6 12027.7 12136.7 12245.3 12354.0 12462.8 12571.6 21
Defined benefit pension funds; total funded assets(7) FL592000075 8107.6 7986.1 8340.4 7618.7 7986.1 7964.7 8026.3 8181.5 8340.4 22
Pension funds; defined benefit claims of pension fund on sponsor; asset FL593073045 3593.4 4150.6 4231.3 4409.1 4150.6 4280.6 4327.7 4281.3 4231.3 23
Households and nonprofit organizations; retirement assets(8) FL153050015 27197.2 27826.4 ND 27275.3 27826.4 28102.7 28479.2 29054.0 ND 24
Defined benefit pension funds; total financial assets FL594090045 11508.5 11952.0 12377.6 11845.1 11952.0 12060.6 12167.5 12272.6 12377.6 25
Defined contribution pension funds; total financial assets FL594090055 6132.6 6262.5 6699.7 6062.3 6262.5 6347.5 6456.0 6640.8 6699.7 26
All sectors; IRAs; liability(9) FL893131573 7292.0 7329.0 ND 7133.0 7329.0 7400.0 7527.0 7767.0 ND 27
Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability(10) FL543150015 2264.1 2283.0 ND 2234.9 2283.0 2294.6 2328.7 2373.6 ND 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: March 9, 2017