Financial Accounts of the United States - Z.1
F.120.b State and Local Government Employee Retirement Funds Defined Benefit Plans
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2018 | 2019 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FA224090045 | 228.7 | 232.0 | 235.5 | 236.4 | 236.4 | 236.4 | 236.4 | 236.4 | 236.4 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -1.7 | 4.0 | 6.0 | -0.8 | -12.8 | 4.4 | 32.9 | -27.7 | -0.8 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.4 | 4.3 | -2.0 | 0.5 | 0.0 | 0.6 | -1.0 | 2.2 | 0.5 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FA223034043 | -2.0 | 2.1 | 0.2 | -4.4 | 8.4 | -5.7 | 29.6 | -49.8 | -4.4 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | 3.2 | 1.1 | 22.6 | 42.2 | 24.6 | -32.2 | 56.0 | 22.6 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -152.2 | 74.6 | 186.9 | 246.8 | 279.6 | 47.7 | 173.4 | 186.7 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -1.9 | -4.8 | -3.8 | 6.0 | 26.9 | 12.3 | -4.2 | -11.0 | 6.0 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 52.8 | -36.6 | 1.0 | 103.0 | 68.3 | 177.3 | 112.1 | 54.5 | 102.9 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 12.7 | 20.6 | 24.2 | 6.3 | 20.7 | -2.5 | 42.6 | -35.6 | 6.3 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.7 | -1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | -7.5 | -130.4 | 53.2 | 71.6 | 130.9 | 92.6 | -102.8 | 165.5 | 71.5 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | 5.4 | -1.5 | -0.9 | 1.1 | 2.0 | -0.3 | 0.9 | 1.9 | 1.1 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -82.3 | 26.1 | -30.6 | -129.2 | -165.0 | -230.5 | -377.6 | 256.2 | -139.1 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | FA223064243 | 26.0 | 5.8 | 10.1 | -167.0 | -88.2 | -32.3 | 39.0 | -586.4 | -6.8 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FA223090045 | 226.9 | 340.1 | 177.1 | 326.7 | 203.0 | 195.9 | 497.2 | 410.7 | 176.6 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FA223073045 | 223.9 | 202.8 | 257.0 | 257.0 | 257.0 | 257.0 | 257.1 | 257.0 | 257.0 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FA223093043 | 3.0 | 137.3 | -79.9 | 69.6 | -54.1 | -61.2 | 240.1 | 153.6 | -80.4 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FA224190043 | 228.5 | 231.9 | 235.4 | 236.3 | 236.3 | 236.3 | 236.3 | 236.3 | 236.3 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements.
Last Update: June 9, 2022