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 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22632.6 | 22592.5 | 24231.9 | 23265.3 | 23592.6 | 23722.9 | 24231.9 | 23189.4 | 24240.7 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 53.0 | 46.1 | 38.1 | 37.0 | 43.1 | 44.4 | 38.1 | 38.4 | 38.7 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 37.5 | 32.1 | 34.3 | 29.8 | 31.8 | 31.8 | 34.3 | 34.8 | 36.0 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 221.0 | 218.2 | 180.6 | 182.8 | 177.7 | 178.8 | 180.6 | 193.1 | 195.0 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.6 | 7.0 | 9.6 | 6.2 | 6.0 | 14.2 | 9.6 | 9.5 | 10.4 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4099.9 | 4453.5 | 4740.2 | 4323.2 | 4246.3 | 4653.1 | 4740.2 | 4766.4 | 4821.0 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 96.9 | 89.7 | 48.5 | 57.1 | 55.7 | 49.4 | 48.5 | 52.8 | 51.7 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2370.4 | 2779.0 | 2923.8 | 2533.4 | 2493.2 | 2809.9 | 2923.8 | 2961.3 | 2944.8 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 312.4 | 356.0 | 410.2 | 367.6 | 376.4 | 412.8 | 410.2 | 426.4 | 391.5 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 3.4 | 4.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1316.7 | 1224.8 | 1357.7 | 1365.0 | 1320.8 | 1380.9 | 1357.7 | 1325.9 | 1432.8 | 11 |
| Pension funds; loans; asset | FL594023005 | 185.2 | 36.1 | 49.6 | 249.1 | 250.6 | 57.0 | 49.6 | 51.1 | 35.6 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 151.7 | 0.0 | 15.8 | 215.3 | 216.7 | 23.1 | 15.8 | 15.7 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 33.6 | 36.1 | 33.8 | 33.8 | 33.8 | 33.9 | 33.8 | 35.4 | 35.6 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5744.0 | 5218.6 | 6004.7 | 5513.1 | 5758.4 | 5641.5 | 6004.7 | 4923.6 | 5943.5 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4368.0 | 4039.5 | 4618.1 | 4266.9 | 4422.1 | 4429.4 | 4618.1 | 3835.1 | 4423.8 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 7916.4 | 8541.3 | 8556.7 | 8657.2 | 8656.8 | 8672.6 | 8556.7 | 9337.4 | 8736.6 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 805.3 | 789.3 | 843.5 | 819.3 | 829.2 | 831.0 | 843.5 | 790.0 | 832.0 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 119.3 | 84.7 | 83.8 | 83.2 | 88.7 | 86.1 | 83.8 | 91.2 | 93.2 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6020.6 | 6703.7 | 6007.9 | 6429.5 | 6320.1 | 6284.3 | 6007.9 | 6927.4 | 6149.9 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 971.3 | 963.6 | 1621.5 | 1325.2 | 1418.7 | 1471.2 | 1621.5 | 1528.7 | 1661.5 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22754.1 | 22698.4 | 24393.2 | 23429.6 | 23746.0 | 23888.9 | 24393.2 | 23343.2 | 24390.5 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15188.9 | 15523.3 | 15881.0 | 15614.2 | 15704.8 | 15793.8 | 15881.0 | 15963.9 | 16051.5 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 9168.3 | 8819.6 | 9873.1 | 9184.8 | 9384.7 | 9509.6 | 9873.1 | 9036.4 | 9901.6 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6020.6 | 6703.7 | 6007.9 | 6429.5 | 6320.1 | 6284.3 | 6007.9 | 6927.4 | 6149.9 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34769.1 | 34502.1 | 38224.7 | 36146.8 | 36814.7 | 37109.3 | 38224.7 | 35510.0 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15188.9 | 15523.3 | 15881.0 | 15614.2 | 15704.8 | 15793.8 | 15881.0 | 15963.9 | 16051.5 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7565.2 | 7175.0 | 8512.2 | 7815.3 | 8041.2 | 8095.0 | 8512.2 | 7379.4 | 8339.0 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9439.0 | 9250.0 | 11025.0 | 10050.0 | 10350.0 | 10475.0 | 11025.0 | 9511.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2575.9 | 2553.8 | 2806.5 | 2667.3 | 2718.7 | 2745.4 | 2806.5 | 2655.8 | 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.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; 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: September 21, 2020