Financial Accounts of the United States - Z.1
L.117 Private and Public Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2015 | 2016 | 2017 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 17855.9 | 18645.7 | 19845.4 | 18485.4 | 18645.7 | 18999.8 | 19245.4 | 19530.5 | 19845.4 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 59.5 | 72.3 | 74.2 | 65.2 | 72.3 | 71.5 | 70 | 72.3 | 74.2 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 33.4 | 32.9 | 31.7 | 33 | 32.9 | 32.4 | 32.2 | 32 | 31.7 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 206.8 | 219.4 | 217.5 | 211.7 | 219.4 | 216.6 | 214 | 216.1 | 217.5 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 6.5 | 7.5 | 7.4 | 6.9 | 7.5 | 7.3 | 7.2 | 7.3 | 7.4 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3785.8 | 3972.6 | 4042.4 | 3918 | 3972.6 | 3867.3 | 3804.7 | 4095.5 | 4042.4 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 83.4 | 95.8 | 94.8 | 88.8 | 95.8 | 93.7 | 91.9 | 93.6 | 94.8 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2176.2 | 2298.5 | 2251.9 | 2225.8 | 2298.5 | 2161.9 | 2070.5 | 2331.7 | 2251.9 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 267.2 | 288.1 | 309.7 | 293.2 | 288.1 | 294.6 | 303 | 306.4 | 309.7 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 2.5 | 2 | 2.3 | 2.1 | 2 | 2.3 | 2.6 | 2.2 | 2.3 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1256.5 | 1288.3 | 1383.7 | 1308.1 | 1288.3 | 1314.9 | 1336.8 | 1361.6 | 1383.7 | 11 |
| Pension funds; total mortgages; asset | FL593065005 | 30.4 | 30.1 | 30.7 | 30.6 | 30.1 | 29.4 | 30.8 | 30.7 | 30.7 | 12 |
| Pension funds; corporate equities; asset | LM593064105 | 4678.7 | 4931.1 | 5654.8 | 4865 | 4931.1 | 5118.5 | 5249.4 | 5414 | 5654.8 | 13 |
| Pension funds; mutual fund shares; asset | LM593064205 | 3532.3 | 3728 | 4262.7 | 3752.6 | 3728 | 3912.9 | 4025.5 | 4145.6 | 4262.7 | 14 |
| Pension funds; total miscellaneous assets | FL593090005 | 5522.6 | 5651.8 | 5524 | 5602.4 | 5651.8 | 5744 | 5811.7 | 5517 | 5524 | 15 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 645.5 | 655.9 | 695.7 | 655.5 | 655.9 | 665.8 | 674.6 | 686.6 | 695.7 | 16 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 90.8 | 96.3 | 102.5 | 94 | 96.3 | 98.5 | 98.9 | 100.4 | 102.5 | 17 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 3972.5 | 4025.5 | 3813.8 | 4011.7 | 4025.5 | 4093.8 | 4151 | 3830.7 | 3813.8 | 18 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 813.9 | 874 | 912.1 | 841.3 | 874 | 885.8 | 887.2 | 899.3 | 912.1 | 19 |
| Pension funds; total liabilities (6) | FL594190005 | 18033.5 | 18821 | 20037.5 | 18660.3 | 18821 | 19179.5 | 19428.6 | 19717.7 | 20037.5 | 20 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 11990.5 | 12354.5 | 12722 | 12263.4 | 12354.5 | 12446.7 | 12538.4 | 12630.2 | 12722 | 21 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8018 | 8329 | 9066.9 | 8251.7 | 8329 | 8460.5 | 8528.8 | 8811.6 | 9066.9 | 22 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 3972.5 | 4025.5 | 3655.1 | 4011.7 | 4025.5 | 3986.2 | 4009.6 | 3818.6 | 3655.1 | 23 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 27661.8 | 29079.8 | ND | 28842.7 | 29079.8 | 29804.9 | 30265.7 | 30813.5 | ND | 24 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 11990.5 | 12354.5 | 12722 | 12263.4 | 12354.5 | 12446.7 | 12538.4 | 12630.2 | 12722 | 25 |
| Defined contribution pension funds; total financial assets | FL594090055 | 6043 | 6466.5 | 7315.5 | 6396.9 | 6466.5 | 6732.8 | 6890.2 | 7087.5 | 7315.5 | 26 |
| All sectors; IRAs; liability (9) | LM893131573 | 7329 | 7850 | ND | 7767 | 7850 | 8169 | 8354 | 8581 | ND | 27 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2299.4 | 2408.8 | ND | 2415.4 | 2408.8 | 2456.4 | 2483.1 | 2514.8 | ND | 28 |
NOTES
- Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes both marketable and nonmarketable government securities.
- Assets of pension plans held at life insurance companies; series begins 1985:Q4.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
- Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
- Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
- IRA assets are not included above. See memo items on table L.227 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 27.
Last Update: March 8, 2018