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 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22600.0 | 24238.5 | 23265.3 | 23592.6 | 23728.3 | 24238.5 | 23217.6 | 24254.7 | 24785.6 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 46.1 | 37.8 | 37.0 | 43.1 | 44.6 | 37.8 | 40.5 | 34.7 | 32.5 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 32.1 | 34.0 | 29.8 | 31.8 | 31.7 | 34.0 | 33.9 | 32.8 | 33.1 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 218.2 | 180.0 | 182.8 | 177.7 | 178.6 | 180.0 | 191.3 | 191.8 | 194.5 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.0 | 9.1 | 6.2 | 6.0 | 13.7 | 9.1 | 8.6 | 7.1 | 7.4 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4453.5 | 4814.1 | 4323.2 | 4246.3 | 4716.0 | 4814.1 | 4819.9 | 4887.5 | 4949.2 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 89.7 | 47.7 | 57.1 | 55.7 | 49.0 | 47.7 | 50.7 | 43.0 | 39.8 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2779.0 | 2939.1 | 2533.4 | 2493.2 | 2831.1 | 2939.1 | 2972.2 | 2892.3 | 2907.3 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 356.0 | 400.0 | 367.6 | 376.4 | 405.4 | 400.0 | 420.6 | 440.2 | 452.8 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 4.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1224.8 | 1427.2 | 1365.0 | 1320.8 | 1430.6 | 1427.2 | 1376.3 | 1511.9 | 1549.4 | 11 |
| Pension funds; loans; asset | FL594023005 | 36.1 | 49.1 | 249.1 | 250.6 | 56.6 | 49.1 | 49.9 | 35.6 | 35.9 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 0.0 | 15.8 | 215.3 | 216.7 | 23.1 | 15.8 | 15.7 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 36.1 | 33.2 | 33.8 | 33.8 | 33.5 | 33.2 | 34.2 | 35.6 | 35.9 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5218.6 | 6057.2 | 5513.1 | 5758.4 | 5689.2 | 6057.2 | 4934.5 | 5672.7 | 6035.7 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4039.5 | 4607.1 | 4266.9 | 4422.1 | 4424.1 | 4607.1 | 3817.1 | 4412.1 | 4649.8 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8548.8 | 8450.1 | 8657.2 | 8656.8 | 8573.7 | 8450.1 | 9322.0 | 8980.4 | 8847.3 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 796.8 | 843.5 | 819.3 | 829.3 | 831.1 | 843.5 | 806.0 | 840.3 | 851.0 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 83.8 | 83.2 | 88.7 | 86.1 | 83.8 | 87.0 | 84.3 | 82.5 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6703.7 | 5851.7 | 6429.5 | 6320.1 | 6142.0 | 5851.7 | 6812.6 | 6302.5 | 6049.7 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 963.6 | 1671.0 | 1325.2 | 1418.7 | 1514.6 | 1671.0 | 1616.5 | 1753.2 | 1864.1 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22705.9 | 24393.2 | 23429.6 | 23746.0 | 23888.9 | 24393.2 | 23358.3 | 24406.0 | 24934.9 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15523.3 | 15881.0 | 15614.2 | 15704.8 | 15793.8 | 15881.0 | 15963.9 | 16051.5 | 16138.7 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8819.6 | 10029.3 | 9184.8 | 9384.7 | 9651.9 | 10029.3 | 9151.3 | 9749.0 | 10089.0 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6703.7 | 5851.7 | 6429.5 | 6320.1 | 6142.0 | 5851.7 | 6812.6 | 6302.5 | 6049.7 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34499.4 | 38220.2 | 36144.0 | 36811.7 | 37105.8 | 38220.2 | 35502.7 | 37981.7 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15523.3 | 15881.0 | 15614.2 | 15704.8 | 15793.8 | 15881.0 | 15963.9 | 16051.5 | 16138.7 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7182.5 | 8512.2 | 7815.3 | 8041.2 | 8095.1 | 8512.2 | 7394.4 | 8354.4 | 8796.2 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9250.0 | 11025.0 | 10050.0 | 10350.0 | 10475.0 | 11025.0 | 9511.0 | 10796.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2543.5 | 2802.0 | 2664.5 | 2715.7 | 2741.9 | 2802.0 | 2633.4 | 2779.7 | 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: December 10, 2020