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 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 21197.1 | 22447.9 | 21565.7 | 21822.0 | 22105.6 | 22447.9 | 22494.1 | 22706.2 | 23019.9 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 62.4 | 50.6 | 57.2 | 52.8 | 52.2 | 50.6 | 49.0 | 48.7 | 47.7 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 34.2 | 32.3 | 33.3 | 33.0 | 32.5 | 32.3 | 31.2 | 30.2 | 29.5 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 224.7 | 213.2 | 220.9 | 219.1 | 217.0 | 213.2 | 208.9 | 207.1 | 204.2 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.4 | 6.6 | 7.2 | 7.1 | 6.9 | 6.6 | 6.2 | 6.1 | 5.8 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3951.8 | 4014.0 | 3834.6 | 3763.6 | 4055.8 | 4014.0 | 4195.8 | 4194.9 | 4283.8 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 95.2 | 85.6 | 92.1 | 91.0 | 88.9 | 85.6 | 81.5 | 79.8 | 77.0 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2334.8 | 2331.1 | 2213.4 | 2138.1 | 2396.2 | 2331.1 | 2508.0 | 2527.4 | 2582.6 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 275.8 | 289.1 | 276.5 | 280.4 | 282.5 | 289.1 | 290.8 | 290.8 | 294.5 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 2.7 | 3.8 | 2.7 | 2.8 | 2.4 | 3.8 | 2.9 | 2.7 | 2.6 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1243.3 | 1304.4 | 1249.8 | 1251.4 | 1285.8 | 1304.4 | 1312.6 | 1294.2 | 1327.1 | 11 |
| Pension funds; loans; asset | FL594023005 | 37.3 | 178.2 | 140.8 | 172.5 | 37.4 | 178.2 | 25.4 | 25.7 | 24.4 | 12 |
| Federal government defined contribution retirement funds; other loans and advances; liability | FL313169003 | 0.0 | 151.7 | 107.6 | 141.4 | 12.0 | 151.7 | 0.0 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 37.3 | 26.5 | 33.2 | 31.0 | 25.3 | 26.5 | 25.4 | 25.7 | 24.4 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 4907.9 | 5689.2 | 5106.1 | 5240.4 | 5423.5 | 5689.2 | 5577.6 | 5649.6 | 5867.5 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 3768.1 | 4350.4 | 3958.8 | 4080.2 | 4202.7 | 4350.4 | 4329.2 | 4391.0 | 4528.3 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8203.2 | 7913.3 | 8206.9 | 8253.4 | 8077.5 | 7913.3 | 8070.8 | 8153.0 | 8028.7 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 683.6 | 730.1 | 694.1 | 703.1 | 715.5 | 730.1 | 724.5 | 729.1 | 741.7 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 95.2 | 101.0 | 98.2 | 99.0 | 100.5 | 101.0 | 103.8 | 106.4 | 108.4 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6516.6 | 6112.3 | 6482.9 | 6504.5 | 6301.9 | 6112.3 | 6266.9 | 6332.2 | 6181.8 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 907.8 | 969.9 | 931.7 | 946.7 | 959.6 | 969.9 | 975.6 | 985.3 | 996.8 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 21344.4 | 22580.9 | 21703.6 | 21949.7 | 22235.5 | 22580.9 | 22626.6 | 22839.1 | 23150.2 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14825.9 | 15181.3 | 14915.5 | 15005.2 | 15094.7 | 15181.3 | 15267.5 | 15353.6 | 15439.8 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8309.3 | 9069.0 | 8432.6 | 8500.7 | 8792.8 | 9069.0 | 9000.6 | 9021.4 | 9258.0 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6516.6 | 6112.3 | 6482.9 | 6504.5 | 6301.9 | 6112.3 | 6266.9 | 6332.2 | 6181.8 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 31928.0 | 34455.5 | 32662.3 | 33142.0 | 33713.6 | 34455.5 | 34461.5 | 34780.4 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14825.9 | 15181.3 | 14915.5 | 15005.2 | 15094.7 | 15181.3 | 15267.5 | 15353.6 | 15439.8 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 6518.5 | 7399.6 | 6788.1 | 6944.4 | 7140.9 | 7399.6 | 7359.1 | 7485.5 | 7710.4 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 8080.0 | 9200.0 | 8400.0 | 8600.0 | 8850.0 | 9200.0 | 9171.0 | 9263.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2503.6 | 2674.6 | 2558.7 | 2592.3 | 2628.0 | 2674.6 | 2663.9 | 2678.3 | ND | 30 |
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 29.
Last Update: December 6, 2018