Financial Accounts of the United States - Z.1
L.120.b State and Local Government Employee Retirement Funds Defined Benefit Plans
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FL224090045 | 5347.9 | 5582.9 | 5800.4 | 5524.7 | 5582.9 | 5637 | 5692.2 | 5746.7 | 5800.4 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 39.1 | 50.2 | 50.3 | 43.8 | 50.2 | 48.8 | 47.3 | 49 | 50.3 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.4 | 2.9 | 2.9 | 2.6 | 2.9 | 2.8 | 2.8 | 2.9 | 2.9 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FL223034043 | 49.4 | 64.2 | 64.3 | 55.9 | 64.2 | 62.3 | 60.4 | 62.6 | 64.3 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.9 | 5.1 | 5.1 | 4.4 | 5.1 | 4.9 | 4.8 | 4.9 | 5.1 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 876.3 | 919.2 | 1008.4 | 926.6 | 919.2 | 941.5 | 969.1 | 989 | 1008.4 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 45 | 58.5 | 58.6 | 51 | 58.5 | 56.8 | 55 | 57.1 | 58.6 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 174.2 | 191.1 | 217.4 | 189.9 | 191.1 | 198.7 | 208.4 | 211.2 | 217.4 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 100.2 | 114.4 | 129.4 | 113.7 | 114.4 | 119 | 124.8 | 126.5 | 129.4 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.5 | 2 | 2.2 | 2 | 2 | 2.2 | 2.5 | 2.1 | 2.2 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 554.4 | 553.2 | 600.7 | 570 | 553.2 | 564.8 | 578.3 | 592.1 | 600.7 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 8.4 | 8.3 | 9.2 | 8.8 | 8.3 | 7.7 | 9.1 | 9.1 | 9.2 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2241 | 2316.3 | 2668.1 | 2309.5 | 2316.3 | 2405.2 | 2479.6 | 2561.3 | 2668.1 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | LM223064243 | 202.7 | 217.9 | 228.1 | 217.9 | 217.9 | 224.4 | 221.5 | 225.2 | 228.1 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FL223090045 | 1924.7 | 1998.7 | 1764.1 | 1955.3 | 1998.7 | 1939.4 | 1897.7 | 1842.7 | 1764.1 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FL223073045 | 1806.4 | 1870.1 | 1630.1 | 1826.6 | 1870.1 | 1806.9 | 1766.9 | 1709.7 | 1630.1 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FL223093043 | 118.3 | 128.7 | 134.1 | 128.7 | 128.7 | 132.5 | 130.8 | 133 | 134.1 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) | FL224190043 | 5488.8 | 5721.5 | 5955.9 | 5662.9 | 5721.5 | 5780.1 | 5838.7 | 5897.3 | 5955.9 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.
Last Update: March 8, 2018