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 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 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 | 0.8 | 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 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 414.8 | 477.5 | 407.7 | 350.7 | 447.6 | 343.6 | 319.9 | 291.6 | 397.9 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 11.3 | 2.7 | 2.5 | -2.2 | -6.8 | -0.2 | -4.1 | 2.1 | -1.6 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | -11.2 | 0.3 | -6.0 | -0.5 | -14.4 | 1.0 | -15.0 | 26.4 | 5.4 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 23.4 | 26.3 | 26.8 | 22.9 | 12.5 | 13.8 | 21.2 | 44.3 | 33.2 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 16.5 | 3.9 | 27.6 | 28.7 | -25.4 | 4.5 | 58.8 | 77.0 | 11.4 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 8.8 | 326.5 | 363.8 | 318.0 | 465.0 | 246.9 | 153.3 | 407.1 | -809.6 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | -7.2 | 2.0 | 13.7 | -7.8 | 11.2 | -2.0 | -25.5 | -15.1 | -7.2 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 126.7 | 156.7 | 271.4 | 248.2 | 290.5 | 232.2 | 46.5 | 423.7 | -945.8 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 33.5 | 43.0 | 3.5 | -13.0 | 30.0 | -49.0 | -44.8 | 11.7 | 43.7 | 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 | 124.8 | 75.2 | 90.7 | 133.3 | 65.6 | 177.1 | -13.2 | 99.8 | 13 |
| Pension funds; loans; asset | FA594023005 | -2.1 | 0.4 | 0.1 | -0.1 | -0.7 | 10.5 | -7.2 | -3.1 | 1091.3 | 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 | 0.0 | 0.0 | 0.0 | 1091.3 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | -2.1 | 0.4 | 0.1 | -0.1 | -0.7 | 10.5 | -7.2 | -3.1 | 0.0 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -149.0 | -152.7 | -225.4 | -183.8 | -192.8 | -215.4 | -363.1 | 36.1 | -225.9 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 30.4 | 47.2 | -158.6 | -109.3 | -15.0 | -79.8 | -100.7 | -241.4 | -151.8 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 486.7 | 223.0 | 376.9 | 276.9 | 225.4 | 362.4 | 576.8 | -56.8 | 445.5 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | -2.2 | 34.4 | 22.1 | 11.6 | 7.2 | 2.2 | 7.4 | 29.7 | 38.2 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -4.6 | -2.4 | -3.0 | -3.9 | -2.8 | -2.5 | -4.8 | -5.7 | -5.0 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 238.6 | 221.1 | 190.7 | 118.8 | 148.7 | 77.9 | 271.4 | -23.0 | 355.4 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 254.9 | -30.1 | 167.1 | 150.5 | 72.2 | 284.7 | 302.9 | -57.8 | 57.0 | 23 |
| Pension funds; total liabilities | FA594190005 | 414.7 | 477.5 | 407.7 | 350.7 | 447.6 | 343.6 | 319.9 | 291.6 | 397.9 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 757.3 | 667.5 | 631.6 | 259.1 | 584.8 | 291.8 | 240.2 | -80.3 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 267.5 | 272.5 | 280.7 | 281.0 | 281.3 | 279.7 | 280.8 | 282.1 | 282.8 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 147.1 | 204.9 | 127.0 | 69.7 | 166.3 | 63.9 | 39.1 | 9.5 | 115.1 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 345.0 | 161.6 | 285.5 | -243.4 | 16.3 | -244.7 | -292.3 | -452.8 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | -2.3 | 28.5 | -61.5 | 151.8 | 120.9 | 192.9 | 212.5 | 80.9 | 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: June 8, 2023