Financial Accounts of the United States - Z.1
F.117 Private and Public Pension Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.7 | 0.7 | 0.8 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 474.2 | 414.3 | 403.4 | 417.8 | 327.2 | 435.1 | 392.1 | 367.0 | 419.6 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | -5.6 | 0.9 | 5.1 | 2.2 | -3.2 | 9.4 | -6.3 | 14.5 | 3.0 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 3.3 | 0.8 | 1.7 | 0.9 | 0.3 | 2.1 | 0.3 | 2.4 | 2.2 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | -2.4 | 2.1 | 9.9 | 2.2 | -6.5 | 19.0 | -13.5 | 27.5 | 6.7 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 0.2 | -0.0 | 0.7 | 0.0 | -0.8 | 1.4 | -1.2 | 1.9 | 0.4 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 115.0 | 555.9 | 337.9 | 415.7 | 335.5 | -639.0 | 76.9 | 1573.5 | 340.4 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 1.6 | 0.3 | 7.9 | 0.7 | -8.6 | 17.0 | -13.5 | 22.8 | 5.4 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 33.5 | 426.9 | 193.5 | 251.3 | 245.2 | -768.1 | -57.8 | 1391.1 | 208.7 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 34.2 | 46.8 | 43.1 | 29.8 | 43.4 | 58.3 | 31.4 | 35.8 | 47.1 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | 0.7 | 0.8 | -1.1 | -2.5 | 2.6 | -3.8 | -0.2 | -0.1 | -0.4 | 12 |
| Pension funds; corporate and foreign bonds; asset | FA593063005 | 45.0 | 81.2 | 94.5 | 136.3 | 52.9 | 57.6 | 117.1 | 123.8 | 79.6 | 13 |
| Pension funds; loans; asset | FA594023005 | 148.5 | -143.5 | 18.0 | 15.6 | 1.5 | 865.9 | 6.8 | -773.9 | -26.8 | 14 |
| Federal government defined contribution retirement funds; other loans and advances; liability | FA313169003 | 151.7 | -151.7 | 15.8 | 0.0 | 0.0 | 861.3 | 5.7 | -774.6 | -29.0 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | -3.2 | 8.1 | 2.2 | 15.6 | 1.5 | 4.6 | 1.1 | 0.7 | 2.2 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -108.5 | -147.6 | -213.4 | -251.8 | -7.6 | -264.9 | -210.1 | -214.0 | -164.5 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 42.4 | 35.3 | -16.2 | -86.8 | 29.6 | -16.3 | 6.3 | -72.9 | 18.2 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 281.5 | 110.6 | 259.6 | 319.8 | -21.6 | 457.4 | 533.0 | -192.0 | 240.0 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 1.5 | 2.7 | 17.8 | 24.1 | -35.6 | 37.9 | 13.0 | -3.6 | 23.7 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | 19.2 | 12.2 | 15.4 | 10.5 | 8.1 | 14.2 | 10.4 | 16.8 | 20.1 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 139.5 | 22.8 | 141.3 | 213.0 | -12.5 | 328.3 | 419.6 | -301.1 | 118.6 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 121.3 | 72.9 | 85.1 | 72.2 | 18.3 | 77.0 | 89.9 | 95.9 | 77.7 | 23 |
| Pension funds; total liabilities | FA594190005 | 474.3 | 414.4 | 403.5 | 417.9 | 327.3 | 435.2 | 392.2 | 367.1 | 419.7 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 579.0 | 628.6 | ND | 616.4 | 817.3 | 374.2 | 556.7 | 766.0 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 260.8 | 249.5 | 262.7 | 250.8 | 262.8 | 261.8 | 264.0 | 262.9 | 262.2 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 213.6 | 164.9 | 140.8 | 167.1 | 64.6 | 173.4 | 128.2 | 104.2 | 157.5 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 120.1 | 176.6 | ND | 234.3 | 343.6 | 39.3 | 176.5 | 343.9 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | -15.4 | 37.5 | ND | -35.8 | 146.3 | -100.3 | -11.9 | 55.0 | ND | 29 |
NOTES
- Private pension funds, state and local government employee retirement funds, and federal government employee 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.
- 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 item on table F.227 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 28.
Last Update: March 12, 2020