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 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 0.7 | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 484.7 | 296.4 | 396.7 | 398.3 | 364.5 | 473.6 | 375.4 | 379.7 | 409.4 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | -5.6 | -6.9 | 4.8 | 5.9 | -2.5 | -6.2 | 1.4 | 30.9 | 4.2 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 3.3 | -5.4 | 4.3 | -2.9 | -0.4 | -7.2 | -2.5 | -1.5 | -2.2 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | -2.4 | -2.8 | 0.6 | 4.5 | 47.5 | -7.8 | -1.0 | -20.7 | -0.2 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 0.2 | -0.7 | 3.4 | 0.8 | -1.9 | -9.8 | -6.0 | 20.9 | 0.6 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 114.9 | 448.4 | 58.5 | 342.5 | 296.1 | 327.3 | 383.7 | 362.8 | 202.8 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 1.6 | -7.2 | -6.7 | -5.2 | 13.1 | -20.5 | -0.8 | -12.7 | -3.8 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 33.7 | 388.5 | 119.3 | 208.4 | 114.6 | 154.8 | 268.4 | 296.0 | 189.1 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 34.0 | 25.3 | 37.7 | 40.6 | 51.8 | -12.1 | 90.0 | 32.8 | 40.0 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | 0.7 | 0.7 | 0.0 | -0.0 | -0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 12 |
| Pension funds; corporate and foreign bonds; asset | FA593063005 | 44.9 | 41.1 | -91.8 | 98.6 | 116.6 | 205.1 | 26.0 | 46.7 | -22.5 | 13 |
| Pension funds; loans; asset | FA594023005 | 148.5 | -149.1 | 0.3 | 1.5 | 4.4 | -1.6 | 2.7 | 0.6 | 1.0 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | 151.7 | -151.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | -3.2 | 2.6 | 0.3 | 1.5 | 4.4 | -1.6 | 2.7 | 0.6 | 1.0 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -108.5 | -183.9 | -29.6 | -78.1 | 172.3 | -211.1 | 40.7 | -314.3 | -212.9 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 42.3 | -9.7 | -44.2 | -117.0 | -172.6 | -89.9 | -133.4 | -72.1 | 10.9 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 292.1 | 206.3 | 398.7 | 241.1 | 21.6 | 479.9 | 89.7 | 373.2 | 405.2 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 7.7 | -4.5 | 15.5 | 13.5 | -15.2 | 23.0 | 22.4 | 23.7 | -22.5 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | 19.2 | -34.6 | -0.9 | -7.1 | 12.5 | -15.4 | -11.7 | -13.9 | -6.3 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 147.1 | 253.0 | 198.2 | 264.8 | 91.9 | 215.3 | 312.7 | 439.5 | 275.3 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 118.2 | -7.6 | 185.9 | -30.1 | -67.6 | 257.0 | -233.7 | -76.1 | 158.6 | 23 |
| Pension funds; total liabilities | FA594190005 | 484.9 | 296.3 | 396.7 | 398.3 | 364.5 | 473.6 | 375.3 | 379.7 | 409.3 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 907.0 | 631.4 | 627.0 | 599.3 | 535.0 | 635.8 | 524.4 | 702.1 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 268.4 | 275.1 | 273.6 | 262.4 | 262.4 | 261.3 | 262.9 | 263.1 | 264.8 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 216.5 | 21.2 | 123.1 | 135.8 | 102.0 | 212.3 | 112.4 | 116.6 | 144.6 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 443.5 | 291.6 | 248.5 | 151.7 | -37.1 | 261.5 | 116.9 | 265.3 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | -21.3 | 43.5 | -18.2 | 49.4 | 207.6 | -99.3 | 32.1 | 57.1 | 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: June 10, 2021