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 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 20393.1 | 21197.1 | 22447.9 | 21565.7 | 21822 | 22105.6 | 22447.9 | 22495.2 | 22696.3 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 59.4 | 62.4 | 51 | 57.2 | 52.8 | 52.2 | 51 | 49.3 | 47.6 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 34.5 | 34.2 | 31.4 | 33.2 | 32.9 | 32.4 | 31.4 | 30.2 | 29.1 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 207.9 | 224.7 | 212.4 | 220.9 | 219 | 216.9 | 212.4 | 207.7 | 204.4 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 6.5 | 7.4 | 6.5 | 7.2 | 7.1 | 6.9 | 6.5 | 6.1 | 5.8 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3792.3 | 3951.8 | 4022.7 | 3835.7 | 3766 | 4059.3 | 4022.7 | 4202.7 | 4265.3 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 84 | 95.2 | 89.1 | 93.3 | 93.3 | 92.4 | 89.1 | 86.4 | 85 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2176.1 | 2334.8 | 2330.8 | 2213.4 | 2138.1 | 2396.2 | 2330.8 | 2506.4 | 2544.8 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 268 | 275.8 | 290.1 | 276.5 | 280.4 | 282.5 | 290.1 | 291.2 | 294.5 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 2.5 | 2.7 | 3.8 | 2.7 | 2.8 | 2.4 | 3.8 | 2.9 | 3 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1261.7 | 1243.3 | 1308.9 | 1249.8 | 1251.4 | 1285.8 | 1308.9 | 1315.8 | 1338.1 | 11 |
| Pension funds; total mortgages; asset | FL593065005 | 30 | 37.3 | 26.5 | 33.2 | 31 | 25.3 | 26.5 | 25.4 | 23.5 | 12 |
| Pension funds; corporate equities; asset | LM593064105 | 4710.8 | 4907.9 | 5669.1 | 5105.2 | 5238.5 | 5420.8 | 5669.1 | 5569.3 | 5695 | 13 |
| Pension funds; mutual fund shares; asset | LM593064205 | 3554.7 | 3768.1 | 4339.2 | 3958.5 | 4079.7 | 4201.8 | 4339.2 | 4314.1 | 4340 | 14 |
| Pension funds; total miscellaneous assets | FL593090005 | 7997 | 8203.2 | 8089.1 | 8314.7 | 8395 | 8089.9 | 8089.1 | 8090.4 | 8085.5 | 15 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 650.9 | 683.6 | 728.6 | 694.1 | 703.1 | 715.4 | 728.6 | 722.9 | 727.5 | 16 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 91.3 | 95.2 | 104.1 | 98.3 | 99.2 | 100.8 | 104.1 | 107.3 | 110.7 | 17 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6444.5 | 6516.6 | 6279.9 | 6590.6 | 6646 | 6313.9 | 6279.9 | 6276.4 | 6246.7 | 18 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 810.5 | 907.8 | 976.6 | 931.7 | 946.8 | 959.8 | 976.6 | 983.9 | 1000.6 | 19 |
| Pension funds; total liabilities (6) | FL594190005 | 20570.5 | 21344.4 | 22580.9 | 21703.6 | 21949.7 | 22235.5 | 22580.9 | 22627.5 | 22825.9 | 20 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14469.5 | 14825.9 | 15181.3 | 14915.5 | 15005.2 | 15094.7 | 15181.3 | 15267.5 | 15353.6 | 21 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8025.1 | 8309.3 | 9053.1 | 8432.6 | 8500.7 | 8792.8 | 9053.1 | 8991.1 | 9106.9 | 22 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6444.5 | 6516.6 | 6128.2 | 6482.9 | 6504.5 | 6301.9 | 6128.2 | 6276.4 | 6246.7 | 23 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 30471.9 | 31919 | 34448.8 | 32654 | 33132.5 | 33706 | 34448.8 | 34448.4 | ND | 24 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14469.5 | 14825.9 | 15181.3 | 14915.5 | 15005.2 | 15094.7 | 15181.3 | 15267.5 | 15353.6 | 25 |
| Defined contribution pension funds; total financial assets | FL594090055 | 6101 | 6518.5 | 7399.6 | 6788.1 | 6944.4 | 7140.9 | 7399.6 | 7360.1 | 7472.3 | 26 |
| All sectors; IRAs; liability (9) | LM893131573 | 7477 | 8080 | 9200 | 8400 | 8600 | 8850 | 9200 | 9171 | ND | 27 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2424.3 | 2494.6 | 2667.9 | 2550.4 | 2582.9 | 2620.5 | 2667.9 | 2649.9 | 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: September 20, 2018