Financial Accounts of the United States - Z.1
F.120 State and Local Government Employee Retirement Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA226330005 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 1 |
| State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA225013005 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 202.3 | 239.3 | 239.4 | 236.2 | 228.6 | 252.8 | 205.8 | 256.7 | 234.4 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -1.7 | 2.5 | 7.1 | 23.7 | 6.2 | -27.0 | 10.1 | -22.8 | -8.4 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.4 | 4.4 | 0.5 | 6.3 | 0.9 | 10.0 | -1.1 | -3.1 | 1.7 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -2.4 | -0.7 | 14.2 | -24.3 | 2.2 | 5.2 | 33.8 | 1.7 | 10.2 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | 3.3 | 1.1 | -0.8 | 30.8 | -18.1 | -2.2 | -5.6 | 1.2 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -37.3 | 31.5 | -196.1 | 154.3 | -138.7 | -142.1 | -144.5 | -67.7 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -1.9 | -6.1 | 13.0 | -7.1 | -26.1 | -4.0 | 11.2 | -29.9 | -12.2 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 52.8 | 3.7 | 32.2 | 76.9 | -110.3 | 16.2 | -201.5 | -306.8 | -150.6 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 12.7 | 15.8 | 13.7 | 23.7 | 67.5 | -41.8 | 15.9 | 151.1 | 48.2 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.7 | -0.9 | -3.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | -7.5 | -49.8 | -23.9 | -289.6 | 223.2 | -109.1 | 32.3 | 41.2 | 46.9 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | 5.4 | -1.1 | 2.1 | -1.0 | -2.7 | -2.7 | 1.3 | 4.3 | 0.1 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -82.3 | -197.3 | -86.1 | -114.4 | -414.0 | -174.6 | 128.8 | -398.6 | -214.6 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | -2.6 | -1.5 | -63.5 | 102.6 | 101.1 | -146.2 | -40.0 | 111.8 | 3.7 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 229.4 | 466.9 | 332.4 | 440.3 | 349.7 | 744.9 | 217.3 | 713.4 | 508.3 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 2.8 | 6.0 | 3.2 | 11.5 | -2.0 | 11.2 | -5.1 | 15.7 | 7.0 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 224.9 | 193.6 | 306.3 | 168.0 | 71.6 | 228.3 | 235.5 | 429.5 | 241.1 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 1.7 | 267.3 | 22.9 | 260.8 | 280.1 | 505.5 | -13.0 | 268.2 | 260.2 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 202.3 | 239.3 | 239.4 | 236.2 | 228.6 | 252.8 | 205.8 | 256.6 | 234.3 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 229.7 | 229.0 | 226.4 | 228.7 | 230.8 | 230.0 | 230.0 | 230.1 | 230.1 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | -27.4 | 10.3 | 13.0 | 7.5 | -2.1 | 22.8 | -24.3 | 26.6 | 4.3 | 23 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.
- Unfunded defined benefit pension entitlements.
- Additional detail on defined benefit plans is available on table F.120.b.
- Additional detail on defined contribution plans is available on table F.120.c.
Last Update: December 10, 2020