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 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FL224090045 | 7925.1 | 8236.4 | 8007.7 | 8091.9 | 8164.3 | 8236.4 | 8312.1 | 8386.9 | 8464.7 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 40.6 | 27.5 | 34.9 | 30.4 | 29.4 | 27.5 | 25.8 | 25.4 | 24.1 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.9 | 2.5 | 2.8 | 2.8 | 2.7 | 2.5 | 2.4 | 2.3 | 2.2 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FL223034043 | 61.6 | 52.7 | 59.2 | 58.3 | 56.4 | 52.7 | 49.5 | 48.7 | 46.3 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.9 | 4.2 | 4.7 | 4.6 | 4.5 | 4.2 | 3.9 | 3.8 | 3.7 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 890.9 | 978.1 | 904.3 | 922.5 | 946.0 | 978.1 | 1006.0 | 989.0 | 1011.3 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 56.1 | 48.0 | 54.0 | 53.2 | 51.4 | 48.0 | 45.1 | 44.4 | 42.2 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 217.8 | 277.3 | 238.1 | 262.8 | 261.2 | 277.3 | 280.9 | 277.3 | 279.5 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 99.9 | 102.6 | 97.3 | 97.3 | 96.7 | 102.6 | 104.0 | 102.7 | 104.2 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.6 | 3.8 | 2.7 | 2.7 | 2.3 | 3.8 | 2.8 | 2.6 | 2.6 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 514.5 | 546.4 | 512.3 | 506.5 | 534.3 | 546.4 | 573.2 | 562.0 | 582.8 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 14.5 | 3.7 | 10.4 | 8.3 | 2.6 | 3.7 | 2.7 | 3.0 | 1.7 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2320.6 | 2677.4 | 2412.5 | 2491.3 | 2581.0 | 2677.4 | 2628.6 | 2638.1 | 2753.2 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | LM223064243 | 223.6 | 251.8 | 236.9 | 243.3 | 249.2 | 251.8 | 256.9 | 264.5 | 273.4 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FL223090045 | 4365.6 | 4238.5 | 4342.1 | 4330.4 | 4292.6 | 4238.5 | 4336.5 | 4412.1 | 4348.8 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FL223073045 | 4216.6 | 4053.9 | 4176.4 | 4152.1 | 4110.0 | 4053.9 | 4148.2 | 4218.2 | 4151.0 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FL223093043 | 149.0 | 184.6 | 165.7 | 178.3 | 182.6 | 184.6 | 188.3 | 193.9 | 197.8 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) | FL224190043 | 8035.9 | 8332.9 | 8109.0 | 8182.9 | 8257.7 | 8332.9 | 8408.1 | 8483.2 | 8558.4 | 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: December 6, 2018