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 | 2018 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FL224090045 | 7925.1 | 8236.4 | 8536.5 | 8164.3 | 8236.4 | 8312.4 | 8386.7 | 8460.5 | 8536.5 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 40.6 | 27.5 | 23.2 | 29.4 | 27.5 | 27.0 | 25.4 | 24.4 | 23.2 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.9 | 2.5 | 2.1 | 2.7 | 2.5 | 2.5 | 2.3 | 2.2 | 2.1 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FL223034043 | 61.6 | 52.7 | 44.5 | 56.4 | 52.7 | 51.7 | 48.7 | 46.9 | 44.5 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.9 | 4.2 | 3.5 | 4.5 | 4.2 | 4.1 | 3.8 | 3.7 | 3.5 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 890.9 | 978.1 | 1011.9 | 946.0 | 978.1 | 1004.8 | 989.4 | 989.4 | 1011.9 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 56.1 | 48.0 | 40.6 | 51.4 | 48.0 | 47.1 | 44.4 | 42.7 | 40.6 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 217.8 | 277.3 | 282.9 | 261.2 | 277.3 | 278.4 | 281.4 | 271.8 | 282.9 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 99.9 | 102.6 | 103.7 | 96.7 | 102.6 | 103.0 | 104.2 | 100.6 | 103.7 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.6 | 3.8 | 2.7 | 2.3 | 3.8 | 2.8 | 2.6 | 2.6 | 2.7 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 514.5 | 546.4 | 582.1 | 534.3 | 546.4 | 573.5 | 556.8 | 571.6 | 582.1 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 14.5 | 3.7 | 3.2 | 2.6 | 3.7 | 2.7 | 3.0 | 3.1 | 3.2 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2320.6 | 2677.4 | 2291.6 | 2581.0 | 2677.4 | 2613.9 | 2637.5 | 2713.4 | 2291.6 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | LM223064243 | 223.6 | 251.8 | 236.1 | 249.2 | 251.8 | 258.4 | 268.3 | 263.9 | 236.1 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FL223090045 | 4365.6 | 4238.5 | 4920.4 | 4292.6 | 4238.5 | 4347.4 | 4408.1 | 4413.5 | 4920.4 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FL223073045 | 4216.6 | 4053.9 | 4724.3 | 4110.0 | 4053.9 | 4158.0 | 4211.5 | 4220.1 | 4724.3 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FL223093043 | 149.0 | 184.6 | 196.1 | 182.6 | 184.6 | 189.4 | 196.7 | 193.4 | 196.1 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) | FL224190043 | 8035.9 | 8332.9 | 8633.6 | 8257.7 | 8332.9 | 8408.1 | 8483.2 | 8558.4 | 8633.6 | 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 7, 2019