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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 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 | 0.8 | 0.8 | 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 | 0.8 | 0.8 | 0.8 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 396.1 | 291.6 | 338.7 | 427.9 | 345.3 | 297.1 | 284.6 | 398.5 | 319.4 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 2.4 | 4.8 | -2.3 | -6.2 | 0.7 | -8.5 | 5 | -1 | -0.7 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 0.2 | 0.6 | 4.9 | -8 | 7.3 | -5.7 | 26.2 | -12.8 | 4.5 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 24.8 | 9.5 | 14.4 | 6.3 | 10.7 | 10.4 | 30.4 | 1.1 | 26.4 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 3.8 | 19.8 | 21 | -29.2 | 0.8 | 49 | 63.2 | 44.9 | 40 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 307.9 | 481.1 | 438.2 | 586.5 | 456.7 | 251.5 | 458 | -778.8 | 1860 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 1.7 | 12.7 | -6.9 | 13.4 | 1.1 | -26.4 | -15.8 | 6.1 | -7.1 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 150 | 303.2 | 297.1 | 324.4 | 304.6 | 97.1 | 462.2 | -815.7 | 1698.4 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 39.8 | 38 | 5.2 | 49.5 | -17.1 | -29.3 | 17.6 | -120.7 | -19.8 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | -0 | -0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 | 12 |
| Pension funds; corporate and foreign bonds; asset | FA593063005 | 116.5 | 127.2 | 142.9 | 199.3 | 168.1 | 210.2 | -6.1 | 151.5 | 188.5 | 13 |
| Pension funds; loans; asset | FA594023005 | 0.2 | 0.8 | 3.8 | 0.3 | 12.1 | -7.3 | 10.2 | 1098 | -1085.2 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1091.3 | -1091.3 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 0.2 | 0.8 | 3.8 | 0.3 | 12.1 | -7.3 | 10.2 | 6.7 | 6.1 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -156.4 | -377.5 | -252.4 | -306.4 | -400.3 | -266.6 | -36.2 | -726.5 | -535.8 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 16.2 | -247.5 | -63.1 | 3 | -55.6 | -86.4 | -113.2 | 235.4 | -128.9 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 197 | 399.9 | 174 | 181.7 | 312.8 | 360.6 | -159 | 538.2 | 139.3 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 20.2 | 7.7 | 12.8 | 7.3 | 3.1 | 10.3 | 30.5 | 15.6 | 17.5 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -2.7 | -6.5 | -0.4 | -1.1 | 0 | -0.3 | -0.2 | -7.7 | -2.3 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 231.9 | 288.6 | 47.9 | 98.6 | 25.6 | 180.8 | -113.6 | 272 | -57 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | -52.4 | 110.1 | 113.8 | 76.8 | 284.1 | 169.9 | -75.7 | 258.3 | 181 | 23 |
| Pension funds; total liabilities | FA594190005 | 396 | 291.6 | 338.7 | 427.9 | 345.2 | 297.1 | 284.6 | 398.4 | 319.4 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 847.7 | 719.1 | 219.4 | 322.8 | 150.3 | 46 | 358.7 | 505 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 272.5 | 280.7 | 281 | 281.3 | 279.7 | 280.8 | 282.1 | 282.8 | 282.5 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 123.5 | 11 | 57.7 | 146.6 | 65.5 | 16.3 | 2.5 | 115.7 | 36.9 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 409 | 474.6 | -242.9 | -206 | -366.9 | -436.7 | 38.2 | 28.3 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | 42.7 | -47.1 | 123.6 | 100.8 | 171.9 | 185.6 | 36 | 78.3 | 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.229 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 28.
Last Update: September 11, 2023