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 | 2014 | 2015 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 17598.3 | 17855.9 | 18645.9 | 19881.2 | 19000 | 19245.4 | 19529.5 | 19881.2 | 19930 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 55.3 | 59.5 | 72.6 | 69 | 71.9 | 71.6 | 73.9 | 69 | 67.9 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 38.6 | 33.4 | 32.9 | 31.4 | 32.4 | 32.3 | 32.1 | 31.4 | 31.2 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 210.7 | 206.8 | 219.7 | 210 | 217 | 215.6 | 217.8 | 210 | 208.2 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 6.8 | 6.5 | 7.6 | 6.8 | 7.4 | 7.3 | 7.5 | 6.8 | 6.7 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3764.2 | 3785.8 | 3963.2 | 4046.6 | 3856.5 | 3796.5 | 4085.4 | 4046.6 | 4184.7 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 87.7 | 83.4 | 96.1 | 88 | 94.1 | 93.3 | 95.2 | 88 | 86 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2128.8 | 2176.2 | 2297.1 | 2263.8 | 2159.8 | 2073 | 2332.3 | 2263.8 | 2430.1 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 289.2 | 267.2 | 287.2 | 316.8 | 293.3 | 304.5 | 306.8 | 316.8 | 319.7 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 2.5 | 2.5 | 2 | 3.3 | 2.4 | 2.6 | 2.3 | 3.3 | 3.5 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1256 | 1256.5 | 1280.8 | 1374.6 | 1306.9 | 1323.1 | 1348.9 | 1374.6 | 1345.2 | 11 |
| Pension funds; total mortgages; asset | FL593065005 | 32.3 | 30.4 | 30.1 | 29.4 | 29.4 | 30.8 | 30.8 | 29.4 | 29.2 | 12 |
| Pension funds; corporate equities; asset | LM593064105 | 4810.4 | 4678.7 | 4912.1 | 5597.9 | 5092.3 | 5212.8 | 5381 | 5597.9 | 5474 | 13 |
| Pension funds; mutual fund shares; asset | LM593064205 | 3623.7 | 3532.3 | 3740.3 | 4302.8 | 3928.3 | 4045.9 | 4160.3 | 4302.8 | 4275 | 14 |
| Pension funds; total miscellaneous assets | FL593090005 | 5056.3 | 5522.6 | 5667.4 | 5587.4 | 5764.8 | 5832.6 | 5540.7 | 5587.4 | 5653.2 | 15 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 672.3 | 645.5 | 655.4 | 699.1 | 665.8 | 674.6 | 686.3 | 699.1 | 694.1 | 16 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 76.1 | 90.8 | 96.3 | 102.8 | 98.5 | 98.9 | 100.4 | 102.8 | 103.8 | 17 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 3480 | 3972.5 | 4035.4 | 3857.7 | 4105.6 | 4159.8 | 3845.5 | 3857.7 | 3920 | 18 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 827.9 | 813.9 | 880.3 | 927.8 | 894.9 | 899.3 | 908.5 | 927.8 | 935.3 | 19 |
| Pension funds; total liabilities (6) | FL594190005 | 17790.5 | 18033.5 | 18821 | 20072.4 | 19179.5 | 19428.6 | 19716.5 | 20072.4 | 20122.6 | 20 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 11621.6 | 11990.5 | 12354.5 | 12722.1 | 12446.7 | 12538.4 | 12630.3 | 12722.1 | 12813.3 | 21 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8141.7 | 8018 | 8319.1 | 9023 | 8448.7 | 8520 | 8796.8 | 9023 | 8899.9 | 22 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 3480 | 3972.5 | 4035.4 | 3699.1 | 3998 | 4018.4 | 3833.4 | 3699.1 | 3913.4 | 23 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 27345.3 | 27810 | 29307.5 | 31850.6 | 30041.4 | 30521 | 31096.4 | 31850.6 | ND | 24 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 11621.6 | 11990.5 | 12354.5 | 12722.1 | 12446.7 | 12538.4 | 12630.3 | 12722.1 | 12813.3 | 25 |
| Defined contribution pension funds; total financial assets | FL594090055 | 6168.9 | 6043 | 6466.5 | 7350.3 | 6732.8 | 6890.2 | 7086.2 | 7350.3 | 7309.2 | 26 |
| All sectors; IRAs; liability (9) | LM893131573 | 7292 | 7477 | 8080 | 9200 | 8400 | 8600 | 8850 | 9200 | ND | 27 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2262.8 | 2299.6 | 2406.5 | 2578.2 | 2461.8 | 2492.4 | 2529.9 | 2578.2 | 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: June 7, 2018