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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FA224090045 | 236.3 | 242.6 | 237.4 | 241.6 | 245.4 | 245.8 | 245.8 | 245.8 | 245.8 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 6.0 | -0.8 | -12.7 | 4.1 | 29.6 | -24.1 | 1.7 | 10.1 | 4.2 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -2.0 | 0.5 | 0.0 | 0.5 | -1.3 | 2.5 | -10.0 | 7.1 | -0.4 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FA223034043 | 0.2 | -4.4 | 8.5 | -7.1 | 31.0 | -50.0 | 25.3 | -4.8 | 0.4 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.1 | 22.6 | 42.2 | 23.1 | -33.7 | 58.9 | -41.2 | 7.9 | -2.0 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 74.6 | 186.9 | 250.4 | 275.7 | 47.2 | 174.3 | 76.7 | -54.1 | 60.0 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -3.8 | 6.0 | 26.9 | 11.2 | 2.4 | -16.5 | 34.8 | -4.2 | 4.0 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 1.0 | 103.0 | 69.5 | 187.1 | 52.5 | 103.0 | -99.1 | 59.6 | 28.5 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 24.2 | 6.3 | 21.3 | -6.5 | 41.8 | -31.5 | 39.6 | -6.6 | 10.6 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.0 | 0.0 | 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 | 53.2 | 71.6 | 132.7 | 83.9 | -49.5 | 119.4 | 101.4 | -102.9 | 16.8 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.9 | 1.1 | 2.0 | -0.7 | -0.1 | 3.2 | -5.4 | 2.2 | -0.0 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -28.4 | -121.4 | -165.0 | -199.0 | -253.5 | 131.9 | 97.3 | -139.0 | -40.1 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | FA223064243 | 10.1 | -166.9 | -87.6 | -42.9 | 38.3 | -575.4 | 68.5 | -17.9 | -119.5 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FA223090045 | 175.6 | 324.9 | 199.5 | 187.8 | 387.8 | 524.5 | 33.0 | 434.3 | 343.3 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FA223073045 | 255.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FA223093043 | -79.5 | 71.8 | -53.6 | -65.3 | 134.7 | 271.4 | -220.1 | 181.2 | 90.2 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FA224190043 | 236.2 | 242.5 | 237.4 | 241.6 | 245.3 | 245.8 | 245.8 | 245.8 | 245.8 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements.
Last Update: December 9, 2022