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 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22545.7 | 22648.2 | 22639.7 | 22893.1 | 23225.0 | 22648.2 | 23369.0 | 23688.3 | 23828.0 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 53.0 | 53.8 | 53.8 | 54.1 | 54.6 | 53.8 | 56.0 | 53.5 | 53.3 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 37.5 | 38.3 | 37.8 | 38.0 | 38.2 | 38.3 | 38.8 | 38.8 | 39.2 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 221.0 | 223.1 | 223.3 | 224.1 | 224.7 | 223.1 | 227.4 | 222.2 | 221.9 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.6 | 7.6 | 7.8 | 7.8 | 7.8 | 7.6 | 7.9 | 7.5 | 7.4 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4099.9 | 4561.5 | 4293.7 | 4306.5 | 4398.3 | 4561.5 | 4461.7 | 4503.5 | 4934.8 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 96.9 | 97.1 | 98.6 | 99.1 | 99.3 | 97.1 | 101.0 | 96.0 | 95.3 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2370.4 | 2817.9 | 2553.5 | 2586.0 | 2638.1 | 2817.9 | 2617.2 | 2577.5 | 2942.3 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 312.4 | 378.2 | 323.1 | 335.9 | 342.4 | 378.2 | 403.5 | 418.4 | 433.3 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 3.4 | 4.1 | 3.8 | 4.1 | 3.5 | 4.1 | 3.3 | 3.3 | 3.0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1316.7 | 1264.1 | 1314.7 | 1281.3 | 1315.1 | 1264.1 | 1336.9 | 1408.4 | 1460.9 | 11 |
| Pension funds; loans; asset | FL594023005 | 185.2 | 41.7 | 34.7 | 37.4 | 41.3 | 41.7 | 256.5 | 258.4 | 65.8 | 12 |
| Federal government defined contribution retirement funds; other loans and advances; liability | FL313169003 | 151.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 215.3 | 216.7 | 23.1 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 33.6 | 41.7 | 34.7 | 37.4 | 41.3 | 41.7 | 41.2 | 41.6 | 42.7 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5744.0 | 5188.0 | 5644.6 | 5743.5 | 5924.7 | 5188.0 | 5681.3 | 5825.5 | 5798.3 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4368.0 | 4084.4 | 4366.1 | 4439.4 | 4553.4 | 4084.4 | 4468.1 | 4611.7 | 4611.3 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 7829.4 | 8449.7 | 7978.0 | 8042.2 | 7981.9 | 8449.7 | 8171.3 | 8167.1 | 8095.9 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 698.4 | 685.4 | 702.2 | 705.8 | 718.3 | 685.4 | 710.9 | 715.0 | 711.8 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 119.3 | 131.5 | 122.5 | 126.8 | 129.4 | 131.5 | 135.0 | 137.6 | 141.2 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5987.8 | 6535.9 | 6107.4 | 6135.3 | 6041.8 | 6535.9 | 6217.4 | 6175.5 | 6090.2 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1024.0 | 1096.9 | 1045.8 | 1074.3 | 1092.4 | 1096.9 | 1107.9 | 1139.0 | 1152.7 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22667.2 | 22754.9 | 22755.1 | 23003.5 | 23336.7 | 22754.9 | 23480.0 | 23801.6 | 23943.2 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15156.1 | 15525.3 | 15246.8 | 15338.0 | 15431.4 | 15525.3 | 15622.7 | 15719.5 | 15815.5 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 9168.3 | 8989.4 | 9139.3 | 9202.8 | 9389.6 | 8989.4 | 9405.3 | 9544.0 | 9725.3 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5987.8 | 6535.9 | 6107.4 | 6135.3 | 6041.8 | 6535.9 | 6217.4 | 6175.5 | 6090.2 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34454.0 | 34105.4 | 34500.0 | 34875.1 | 35543.2 | 34105.4 | 35667.9 | 36313.0 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15156.1 | 15525.3 | 15246.8 | 15338.0 | 15431.4 | 15525.3 | 15622.7 | 15719.5 | 15815.5 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7511.1 | 7229.7 | 7508.3 | 7665.5 | 7905.4 | 7229.7 | 7857.3 | 8082.1 | 8127.7 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9105.0 | 8715.0 | 9075.0 | 9170.0 | 9460.0 | 8715.0 | 9441.0 | 9715.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2681.8 | 2635.4 | 2669.9 | 2701.6 | 2746.5 | 2635.4 | 2746.8 | 2796.4 | 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 12, 2019