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 | 2020 | 2021 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 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 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 477.6 | 407.9 | 350.8 | 382.5 | 420.4 | 450.0 | 347.0 | 321.5 | 284.8 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 2.2 | 1.5 | -3.1 | 28.7 | -19.2 | 2.0 | 1.6 | -8.2 | -8.0 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 0.3 | -5.9 | -6.4 | -7.6 | -4.9 | -14.4 | 0.9 | -13.4 | 1.1 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 25.9 | 27.2 | 13.7 | 55.5 | 9.0 | 12.4 | 10.1 | 19.6 | 12.6 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 3.7 | 27.8 | 3.5 | -28.4 | 59.4 | -25.7 | 4.7 | 62.1 | -27.1 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 307.0 | 383.2 | 318.0 | -800.8 | 1270.2 | 464.8 | 252.1 | 90.3 | 464.7 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 1.8 | 13.9 | -4.4 | 8.5 | 5.5 | 11.0 | -2.0 | -23.2 | -3.3 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 150.3 | 278.5 | 222.3 | -825.8 | 1205.4 | 288.3 | 230.8 | 19.4 | 350.9 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 39.5 | 4.8 | -17.5 | 24.3 | -7.4 | 28.0 | -39.7 | -42.0 | -16.4 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | -0.0 | -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 | 115.4 | 85.9 | 117.5 | -7.8 | 66.6 | 137.4 | 63.0 | 136.1 | 133.5 | 13 |
| Pension funds; loans; asset | FA594023005 | 0.3 | 0.3 | 0.8 | 721.6 | -722.4 | -0.7 | -0.8 | 4.2 | 0.7 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | 0.0 | 0.0 | 0.0 | 722.2 | -722.2 | 0.0 | 0.0 | 0.0 | 0.0 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 0.3 | 0.3 | 0.8 | -0.7 | -0.2 | -0.7 | -0.8 | 4.2 | 0.7 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -128.1 | -246.1 | -180.7 | -221.9 | -34.4 | -187.6 | -222.7 | -164.5 | -148.1 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 44.0 | -154.7 | -70.6 | -6.9 | -423.1 | -11.4 | -50.3 | -86.8 | -133.8 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 222.3 | 374.5 | 275.7 | 642.3 | 285.8 | 210.7 | 351.5 | 418.1 | 122.6 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 34.4 | 22.0 | 7.0 | 18.6 | 30.2 | 3.7 | -2.1 | 5.7 | 20.4 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -2.4 | -3.0 | -3.4 | -3.0 | -3.3 | -2.8 | -2.8 | -3.6 | -4.4 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 221.1 | 190.7 | 117.7 | 494.4 | -58.8 | 148.6 | 77.2 | 271.2 | -26.2 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | -30.8 | 164.9 | 154.4 | 132.3 | 317.6 | 61.1 | 279.0 | 144.8 | 132.8 | 23 |
| Pension funds; total liabilities | FA594190005 | 477.6 | 407.9 | 350.8 | 382.5 | 420.4 | 450.0 | 347.0 | 321.5 | 284.8 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 667.6 | 630.0 | ND | 527.1 | 942.5 | 499.9 | 245.3 | 133.5 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 272.5 | 281.1 | 282.5 | 286.4 | 283.5 | 282.9 | 281.3 | 282.4 | 283.6 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 205.0 | 126.8 | 68.2 | 96.1 | 136.8 | 167.1 | 65.7 | 39.1 | 1.1 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 161.6 | 285.5 | ND | 68.5 | 549.2 | 16.3 | -244.7 | -292.3 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | 28.5 | -63.3 | ND | 76.1 | -27.0 | 33.7 | 143.1 | 104.3 | 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: March 9, 2023