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 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3620 | 3666.1 | 3622.9 | 3655.3 | 3644.5 | 3633.7 | 3622.9 | 3612.1 | 3601.2 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 12.2 | 11.7 | 12.3 | 11.8 | 12 | 12.1 | 12.3 | 12.7 | 13 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 11.9 | 12.1 | 12.5 | 12.2 | 12.3 | 12.4 | 12.5 | 12.8 | 13 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 48.6 | 49.5 | 51.3 | 49.9 | 50.3 | 50.8 | 51.3 | 52.2 | 53.1 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 18.4 | 18.7 | 19.4 | 18.9 | 19 | 19.2 | 19.4 | 19.7 | 20.1 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1192.8 | 1238.9 | 1087.1 | 1157 | 1094.4 | 1052.1 | 1087.1 | 1148.5 | 1168 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 29.2 | 29.7 | 30.8 | 30 | 30.2 | 30.5 | 30.8 | 31.3 | 31.9 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 268.8 | 291.3 | 274.5 | 274.9 | 264.4 | 262.2 | 274.5 | 304.8 | 321.8 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 132.4 | 143.5 | 132.7 | 137.5 | 135 | 131.2 | 132.7 | 136.6 | 136.8 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 762.4 | 774.5 | 649.1 | 714.6 | 664.8 | 628.2 | 649.1 | 675.8 | 677.5 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 14.5 | 15.6 | 16 | 15.7 | 15.8 | 15.9 | 16 | 16.2 | 16.4 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1331.1 | 1403.4 | 1040.2 | 1305.7 | 1065.8 | 994.1 | 1040.2 | 1074.2 | 1124.1 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 406.6 | 414.9 | 329.6 | 386.5 | 334.8 | 313.9 | 329.6 | 341.4 | 350.9 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 583.9 | 501.2 | 1054.4 | 697.5 | 1040.1 | 1163.1 | 1054.4 | 934.4 | 842.7 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 64.2 | 63 | 54 | 60 | 55 | 52.8 | 54 | 54.8 | 55 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 37.6 | 27.9 | 24.8 | 27.2 | 26.5 | 25.7 | 24.8 | 23.2 | 21.7 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 118.9 | 44 | 605.8 | 243.3 | 590.8 | 715.8 | 605.8 | 484.9 | 392.8 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 363.2 | 366.2 | 369.7 | 367 | 367.8 | 368.7 | 369.7 | 371.5 | 373.3 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3656.5 | 3702.6 | 3659.4 | 3691.8 | 3681 | 3670.2 | 3659.4 | 3648.5 | 3637.7 | 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: September 11, 2023