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 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 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 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 422.0 | 477.5 | 399.8 | 388.5 | 429.9 | 371.0 | 409.7 | 440.6 | 357.9 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 11.3 | 2.1 | 1.3 | -10.9 | 6.3 | 31.7 | -21.9 | 3.6 | 5.0 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | -11.2 | 0.3 | -5.7 | -5.1 | -6.0 | -7.3 | -4.2 | -15.4 | -5.5 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 23.4 | 25.8 | 19.2 | 24.2 | 20.5 | 55.0 | -22.9 | 46.1 | 26.7 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 16.5 | 3.7 | 30.2 | 48.4 | 31.4 | -26.3 | 67.2 | -34.6 | 8.3 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 8.8 | 304.4 | 392.7 | 426.9 | 578.1 | -766.8 | 1332.5 | 442.7 | 518.9 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | -7.2 | 1.8 | 7.8 | 28.2 | 13.4 | 4.1 | -14.6 | 36.2 | 10.5 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 126.7 | 149.4 | 294.1 | 240.0 | 466.6 | -770.3 | 1240.2 | 234.7 | 385.3 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 33.5 | 39.0 | -2.3 | 6.9 | -11.3 | 30.3 | -35.0 | 50.8 | 22.4 | 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 | 114.1 | 93.1 | 151.8 | 109.4 | -30.8 | 141.9 | 121.0 | 100.7 | 13 |
| Pension funds; loans; asset | FA594023005 | -2.1 | 0.3 | 1.4 | 2.2 | -0.3 | 722.5 | -718.6 | -5.2 | -0.6 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 722.2 | -722.2 | 0.0 | 0.0 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | -2.1 | 0.3 | 1.4 | 2.2 | -0.3 | 0.3 | 3.6 | -5.2 | -0.6 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -97.8 | -150.1 | -223.5 | -225.8 | -274.5 | -415.5 | 22.0 | -54.1 | -164.4 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 30.4 | 43.8 | -195.7 | -80.8 | -108.6 | -1.2 | -592.2 | 45.7 | -263.3 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 442.6 | 247.2 | 379.8 | 209.4 | 183.0 | 778.9 | 347.8 | 11.7 | 232.9 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | -2.3 | 34.4 | 18.5 | -2.1 | 34.8 | 15.1 | 26.2 | 3.5 | -2.7 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -4.6 | -2.4 | -3.0 | -2.7 | -3.0 | -3.0 | -3.3 | -2.8 | -2.5 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 244.4 | 220.0 | 187.5 | 192.1 | 127.3 | 491.0 | -60.6 | 146.7 | 74.3 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 205.1 | -4.8 | 176.8 | 22.1 | 23.9 | 275.9 | 385.5 | -135.8 | 163.8 | 23 |
| Pension funds; total liabilities | FA594190005 | 421.9 | 477.3 | 399.7 | 388.4 | 429.8 | 370.8 | 409.6 | 440.5 | 357.8 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 767.4 | 665.9 | 616.4 | 428.5 | 636.7 | 526.1 | 874.5 | 398.5 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 274.7 | 272.2 | 274.8 | 275.4 | 271.2 | 277.1 | 275.3 | 274.6 | 273.1 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 147.2 | 205.2 | 124.9 | 113.0 | 158.5 | 93.7 | 134.3 | 165.8 | 84.7 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 345.0 | 163.9 | 289.0 | 148.2 | 384.0 | 71.5 | 552.3 | 19.3 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | 0.6 | 24.7 | -72.2 | -108.2 | -177.1 | 83.7 | -87.4 | -61.3 | 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: September 9, 2022