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 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 292.2 | 433.9 | 422.2 | 358.1 | 524.9 | 418.9 | 386.8 | 348.9 | 435.8 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | -6.9 | 12.2 | 12.9 | 7.4 | 1.5 | 9.0 | 33.7 | -16.0 | 6.7 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | -5.4 | -10.9 | -9.5 | -5.4 | -13.7 | -9.3 | -9.7 | -4.4 | 0.9 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | -2.8 | 20.5 | 46.7 | 98.0 | 31.3 | 37.4 | 20.0 | 27.5 | 24.4 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | -0.7 | 16.8 | 6.4 | 1.8 | -4.2 | -0.3 | 28.4 | 50.8 | 22.7 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 448.4 | 25.9 | 292.3 | 301.1 | 213.9 | 296.1 | 357.9 | 351.2 | 458.3 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | -7.2 | -8.8 | -2.4 | 14.0 | -20.2 | -0.6 | -2.7 | 29.6 | 1.4 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 388.5 | 141.6 | 235.5 | 162.7 | 175.5 | 299.1 | 304.9 | 345.3 | 402.1 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 25.3 | 34.2 | 58.0 | 76.4 | 23.6 | 100.1 | 32.1 | 26.0 | 61.9 | 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 | 41.1 | -141.1 | 1.1 | 48.1 | 35.0 | -102.4 | 23.6 | -49.7 | -7.1 | 13 |
| Pension funds; loans; asset | FA594023005 | -149.1 | -1.6 | -6.0 | -4.8 | -8.1 | -3.7 | -7.2 | 0.5 | -4.6 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | -151.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 2.6 | -1.6 | -6.0 | -4.8 | -8.1 | -3.7 | -7.2 | 0.5 | -4.6 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -183.9 | -201.9 | -142.7 | -99.1 | -232.8 | 28.4 | -267.2 | -7.9 | -196.8 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | -9.7 | 22.0 | -89.3 | -216.3 | -61.7 | -114.0 | 34.6 | -168.8 | -66.9 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 202.1 | 550.9 | 311.4 | 275.2 | 598.7 | 175.4 | 196.3 | 115.9 | 191.1 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | -4.7 | 17.3 | 10.2 | -6.7 | 20.7 | 12.2 | 14.4 | -16.4 | 22.8 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -34.6 | -4.6 | -10.0 | -2.7 | -11.3 | -11.6 | -14.2 | -9.0 | -14.6 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 249.1 | 288.7 | 278.0 | 178.4 | 236.6 | 318.2 | 379.0 | 201.7 | 166.8 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | -7.7 | 249.4 | 33.1 | 106.3 | 352.8 | -143.5 | -183.0 | -60.4 | 16.2 | 23 |
| Pension funds; total liabilities | FA594190005 | 291.9 | 433.7 | 422.0 | 357.9 | 524.8 | 418.8 | 386.7 | 348.8 | 435.7 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 626.1 | 663.2 | 622.4 | 532.0 | 665.3 | 566.0 | 726.4 | 315.1 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 270.9 | 274.7 | 271.8 | 271.7 | 269.8 | 273.4 | 272.2 | 273.9 | 269.7 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 20.9 | 159.1 | 150.3 | 86.2 | 255.0 | 145.4 | 114.5 | 74.9 | 166.0 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 291.6 | 248.5 | 151.7 | -37.1 | 261.5 | 116.9 | 265.3 | 92.7 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | 42.7 | -19.1 | 48.7 | 211.1 | -120.9 | 30.3 | 74.5 | -126.4 | 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: September 23, 2021