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 | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FA224090045 | 229.1 | 236.3 | 242.6 | 245.8 | 245.8 | 245.8 | 245.8 | 245.8 | 245.8 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 4.0 | 6.5 | 0.8 | -3.2 | -7.3 | -0.6 | -5.4 | 0.5 | -3.2 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 4.3 | -2.0 | 0.2 | 3.9 | -9.0 | 6.2 | -6.5 | 25.0 | 3.9 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FA223034043 | 2.1 | 0.6 | 3.4 | -4.3 | -8.4 | -9.3 | -8.3 | 8.9 | -4.3 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 3.2 | 1.3 | 20.0 | 19.6 | -32.0 | -1.9 | 48.1 | 64.4 | -0.4 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -152.2 | 96.7 | 158.5 | -15.9 | 98.5 | -95.7 | -43.2 | -23.4 | 134.1 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -4.8 | -3.6 | 12.0 | -9.6 | 9.7 | -3.6 | -27.4 | -17.4 | -9.6 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | -36.6 | 8.3 | 80.5 | -43.9 | -43.4 | -80.2 | -102.5 | 50.6 | 56.1 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 20.6 | 28.2 | 12.2 | -27.0 | 18.6 | -60.3 | -59.5 | -6.7 | 23.0 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | -1.0 | 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 | -130.4 | 63.8 | 53.8 | 64.6 | 113.6 | 48.4 | 146.1 | -49.9 | 64.5 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -1.5 | -0.8 | -0.2 | -0.5 | -0.9 | 10.3 | -7.6 | -3.6 | -0.5 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | 24.7 | -30.3 | -126.5 | -24.7 | -46.7 | -117.5 | -172.5 | 237.8 | -24.7 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | FA223064243 | 5.8 | 13.7 | -129.5 | -24.5 | 11.9 | 10.3 | 2.0 | -122.3 | -24.5 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FA223090045 | 338.6 | 150.4 | 316.0 | 295.4 | 239.8 | 444.2 | 439.2 | 58.5 | 165.4 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FA223073045 | 201.4 | 255.1 | 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 | 137.3 | -104.6 | 62.9 | 42.3 | -13.3 | 191.1 | 186.1 | -194.6 | -87.7 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FA224190043 | 229.0 | 236.2 | 242.5 | 245.8 | 245.8 | 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: June 8, 2023