Financial Accounts of the United States - Z.1
L.118.b Private Pension Funds Defined Benefit Plans
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3620.0 | 3666.1 | 3632.5 | 3644.6 | 3655.9 | 3666.1 | 3676.3 | 3686.5 | 3696.7 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 12.2 | 13.7 | 12.5 | 12.9 | 13.3 | 13.7 | 14.0 | 14.3 | 14.8 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 11.9 | 5.3 | 10.6 | 8.8 | 7.2 | 5.3 | 3.9 | 2.5 | 0.6 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 48.6 | 56.8 | 50.3 | 52.4 | 54.5 | 56.8 | 58.6 | 60.3 | 62.6 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 18.4 | 25.8 | 19.9 | 21.8 | 23.7 | 25.8 | 27.4 | 29.0 | 31.1 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1192.8 | 1163.5 | 1137.2 | 1167.0 | 1163.7 | 1163.5 | 1085.6 | 1026.1 | 979.8 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 29.2 | 29.6 | 29.3 | 29.4 | 29.5 | 29.6 | 29.7 | 29.8 | 29.9 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 268.8 | 264.3 | 255.8 | 261.6 | 262.3 | 264.3 | 250.4 | 241.8 | 232.2 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 132.4 | 130.0 | 129.6 | 130.9 | 131.0 | 130.0 | 124.1 | 121.3 | 117.3 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 762.4 | 739.6 | 722.5 | 745.2 | 741.0 | 739.6 | 681.5 | 633.2 | 600.4 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 14.5 | 14.6 | 14.5 | 14.6 | 14.6 | 14.6 | 14.7 | 14.7 | 14.7 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1331.1 | 1539.9 | 1391.1 | 1474.6 | 1442.2 | 1539.9 | 1428.8 | 1161.9 | 1075.3 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 406.6 | 434.4 | 414.9 | 432.5 | 424.1 | 434.4 | 402.1 | 345.9 | 320.5 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 583.9 | 412.1 | 581.6 | 460.0 | 512.7 | 412.1 | 641.2 | 1031.8 | 1197.3 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 64.2 | 62.8 | 63.6 | 64.2 | 62.8 | 62.8 | 59.1 | 53.6 | 50.9 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 37.6 | 33.3 | 36.7 | 35.6 | 34.5 | 33.3 | 32.4 | 31.5 | 30.2 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 118.9 | -76.2 | 112.2 | -16.6 | 31.4 | -76.2 | 151.0 | 542.0 | 703.2 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 363.2 | 392.2 | 369.1 | 376.7 | 384.0 | 392.2 | 398.7 | 404.8 | 413.0 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3656.5 | 3702.6 | 3669.0 | 3681.1 | 3692.4 | 3702.6 | 3712.8 | 3723.0 | 3733.2 | 19 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued defined benefit pension entitlements.
Last Update: December 9, 2022