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 | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 0.8 | 0.7 | 0.8 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 295.0 | 412.8 | 376.4 | 388.2 | 389.4 | 362.0 | 393.7 | 371.6 | 378.2 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | -6.9 | 2.0 | -2.8 | 8.1 | -30.0 | 8.3 | -22.3 | 7.7 | -4.8 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | -5.4 | 4.3 | -2.6 | 0.2 | 9.5 | -0.5 | -5.6 | -3.1 | -0.9 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | -2.8 | 0.8 | 4.5 | 6.4 | 5.8 | 47.0 | -6.1 | -19.4 | -3.6 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | -0.7 | 0.4 | -6.6 | 8.7 | -7.1 | -2.1 | -7.5 | -7.7 | -9.1 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 448.5 | 89.6 | 227.8 | 1349.1 | 131.9 | 180.2 | 247.3 | 223.0 | 260.6 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | -7.2 | -6.6 | -1.8 | -25.2 | -5.2 | 12.8 | -34.5 | 16.9 | -2.3 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 388.3 | 120.5 | 100.2 | 1139.4 | 182.7 | 36.2 | -10.2 | 122.7 | 252.1 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 25.5 | 38.1 | 40.6 | 130.7 | -17.3 | 33.2 | 54.9 | 62.3 | 12.0 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | 0.7 | 0.0 | -0.0 | -0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 12 |
| Pension funds; corporate and foreign bonds; asset | FA593063005 | 41.2 | -62.5 | 88.8 | 104.2 | -28.4 | 98.0 | 237.1 | 21.1 | -1.2 | 13 |
| Pension funds; loans; asset | FA594023005 | -149.1 | 16.2 | -13.3 | -774.1 | -30.6 | 3.6 | -59.8 | 1.4 | 1.7 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | -151.7 | 15.8 | -15.8 | -774.6 | -29.0 | -0.6 | -62.8 | 0.0 | 0.0 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 2.6 | 0.4 | 2.6 | 0.4 | -1.6 | 4.2 | 3.0 | 1.4 | 1.7 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -183.9 | -65.3 | -69.0 | -54.0 | -236.7 | 197.6 | -395.8 | 80.1 | -157.9 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | -11.7 | -41.3 | -155.6 | 210.8 | -230.2 | -176.6 | -29.5 | -257.9 | -158.3 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 206.8 | 406.1 | 394.0 | -366.9 | 776.8 | 104.6 | 673.0 | 347.6 | 450.7 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | -3.9 | 14.4 | 12.5 | 2.1 | 4.6 | -17.7 | 28.6 | 22.8 | 16.1 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -34.6 | -0.9 | -7.3 | -10.3 | -9.1 | 12.5 | -16.0 | -11.7 | -14.0 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 253.0 | 196.9 | 251.6 | -105.7 | 261.7 | 88.1 | 228.1 | 332.0 | 358.1 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | -7.7 | 195.7 | 137.2 | -253.0 | 519.7 | 21.6 | 432.3 | 4.5 | 90.5 | 23 |
| Pension funds; total liabilities | FA594190005 | 294.9 | 412.8 | 376.4 | 388.3 | 389.4 | 362.0 | 393.7 | 371.6 | 378.2 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 751.5 | 685.0 | ND | 916.7 | 638.6 | 566.6 | 428.0 | 428.7 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 275.1 | 273.8 | 263.1 | 275.5 | 264.1 | 263.1 | 261.9 | 263.6 | 263.7 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 19.8 | 139.1 | 113.3 | 112.8 | 125.3 | 98.9 | 131.7 | 108.0 | 114.4 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 412.6 | 290.4 | ND | 461.6 | 319.3 | -57.3 | 226.2 | 74.5 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | 43.9 | -18.2 | ND | 66.8 | -70.1 | 261.9 | -191.8 | -17.3 | 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.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; 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 11, 2021