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 | 2019 | 2020 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 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 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 434.0 | 413.8 | 351.4 | 410.4 | 370.1 | 335.8 | 381.5 | 338.8 | 349.2 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 11.3 | 13.6 | 13.0 | 11.9 | 33.4 | -10.8 | 9.4 | 37.5 | 15.9 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | -11.2 | -9.4 | -1.0 | -9.3 | -9.2 | -5.2 | 3.7 | -0.7 | -1.7 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 23.4 | 40.3 | 26.1 | 41.4 | 0.0 | 16.7 | 17.1 | 53.6 | 17.0 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 16.5 | 6.4 | 16.9 | 0.6 | 26.1 | 45.6 | 30.6 | -27.0 | 18.5 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 8.8 | 285.8 | 375.1 | 253.6 | 347.4 | 370.5 | 561.3 | -753.7 | 1322.5 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | -7.2 | -4.5 | 8.5 | -1.4 | -8.6 | 25.3 | 10.0 | -6.0 | 4.8 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 126.7 | 238.5 | 335.3 | 314.3 | 334.7 | 248.8 | 489.4 | -675.7 | 1278.6 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 33.5 | 24.6 | -3.8 | 44.7 | -12.4 | -11.5 | -17.3 | 25.5 | -12.0 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | -1.0 | -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 | -143.1 | 27.3 | 35.1 | -103.9 | 33.6 | 108.0 | 79.1 | -97.5 | 51.0 | 13 |
| Pension funds; loans; asset | FA594023005 | -2.1 | -6.0 | 7.8 | -4.0 | -6.6 | 0.4 | -4.0 | 719.7 | -685.1 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | 0.0 | 0.0 | 9.9 | 0.0 | 0.0 | 0.0 | 0.0 | 722.2 | -682.8 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | -2.1 | -6.0 | -2.1 | -4.0 | -6.6 | 0.4 | -4.0 | -2.5 | -2.3 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -197.5 | -160.3 | -319.6 | 25.2 | -279.8 | -154.0 | -353.7 | -452.4 | -318.4 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 30.4 | -103.8 | -68.8 | -111.0 | 9.6 | -98.2 | -117.2 | -21.7 | -38.0 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 554.4 | 347.3 | 301.8 | 202.0 | 249.3 | 170.8 | 234.4 | 783.5 | 18.5 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 17.5 | 7.5 | -4.0 | 9.0 | 12.9 | -15.2 | 12.5 | -13.4 | -0.1 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -4.6 | -10.5 | -12.7 | -11.8 | -15.0 | -9.4 | -15.0 | -12.7 | -13.6 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 244.1 | 283.2 | 204.4 | 314.6 | 345.0 | 202.7 | 151.2 | 512.1 | -48.5 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 297.3 | 67.1 | 114.2 | -109.7 | -93.6 | -7.3 | 85.7 | 297.6 | 80.6 | 23 |
| Pension funds; total liabilities | FA594190005 | 433.9 | 413.7 | 351.2 | 410.3 | 369.9 | 335.7 | 381.4 | 338.7 | 349.1 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 664.3 | 617.9 | ND | 557.9 | 712.0 | 309.3 | 575.8 | 418.5 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 274.7 | 271.8 | 273.2 | 273.4 | 272.2 | 273.9 | 269.7 | 275.6 | 273.7 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 159.2 | 141.9 | 78.0 | 136.9 | 97.7 | 61.8 | 111.7 | 63.1 | 75.3 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 248.7 | 152.7 | ND | 118.1 | 266.0 | 93.2 | 334.7 | 9.6 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | -18.2 | 51.4 | ND | 29.6 | 76.0 | -119.6 | -140.4 | 70.2 | 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 10, 2022