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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 1.2 | 2.3 | 2.2 | 2.3 | 2.4 | 2.4 | 2.5 | 2.5 | 2.5 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 4.3 | 4.9 | 4.7 | 4.8 | 5 | 5.1 | 5.2 | 5.3 | 5.3 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 303 | 423.4 | 506 | 428.8 | 386.6 | 372.2 | 494.6 | 412.3 | 402 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 4.6 | -3.6 | -4.6 | 0.2 | -13.9 | 4 | 0.8 | 25.1 | 4.5 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 0.6 | 5 | -8.1 | 7.4 | -5.6 | 26.4 | -12.4 | -10.8 | 1 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 9.9 | 12.4 | 1.7 | 8.7 | 10.2 | 29.3 | 15.5 | -6.5 | 10.6 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 19.9 | 21.5 | -29.5 | 0.5 | 51.6 | 63.3 | 46.1 | -151.4 | -29.8 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 492.4 | 427.4 | 532.4 | 440.7 | 332.5 | 404.2 | -661.7 | 1684.1 | 198.3 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 12.8 | -6.9 | 12.9 | 0.7 | -24.8 | -16.3 | 7.3 | 9.5 | -6.4 | 9 |
| Pension funds; Treasury securities; asset (3) | FA593061105 | 307.7 | 292.6 | 303.5 | 293.8 | 121.3 | 451.8 | -792.3 | 1678.9 | 112.8 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 39.1 | 3.9 | 36.5 | -14.6 | -18.2 | 11.9 | -102.2 | 64.3 | -12.8 | 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 | 132.8 | 137.8 | 179.4 | 160.7 | 254.1 | -43.1 | 225.5 | -68.6 | 104.7 | 13 |
| Pension funds; loans; asset | FA594023005 | 0.8 | 0.5 | 0.1 | 0.2 | 3.8 | -2.1 | 1096.2 | -1090.9 | 1.6 | 14 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FA313169003 | 0 | 0 | 0 | 0 | 0 | 0 | 1091.3 | -1091.3 | 0 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 0.8 | 0.5 | 0.1 | 0.2 | 3.8 | -2.1 | 5 | 0.4 | 1.6 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -387.6 | -241.7 | -239.7 | -353 | -171.5 | -202.8 | -524.6 | 12.5 | -250.6 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | -246.6 | -54.7 | 12.2 | -55.9 | -64.3 | -110.7 | 187.8 | -165.9 | -112.6 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 409 | 256.5 | 241.6 | 379.9 | 243.8 | 160.6 | 346.9 | 116.1 | 578.9 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 7.7 | 9.3 | 2.7 | -0.7 | 7.1 | 27.8 | 22 | 9.4 | 6.4 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -6.5 | -1.3 | -2.2 | -2.3 | -0.7 | -0.2 | -5.1 | -4.7 | -1.7 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 307.6 | 134 | 183.7 | 131.7 | 258.8 | -38.2 | 347.6 | 15.8 | 343.6 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 100.2 | 114.6 | 57.4 | 251.2 | -21.4 | 171.2 | -17.7 | 95.6 | 230.6 | 23 |
| Pension funds; total liabilities | FA594190005 | 306.1 | 426 | 508.4 | 431.3 | 389.2 | 374.8 | 497.3 | 415 | 404.8 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 731 | 310.5 | 408.1 | 245.4 | 137 | 451.7 | 593.4 | 728.4 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 295.2 | 374.8 | 375.1 | 373.6 | 374.6 | 375.9 | 376.6 | 376.3 | 375.4 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 10.9 | 51.2 | 133.3 | 57.8 | 14.6 | -1.1 | 120.8 | 38.7 | 29.4 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 475 | -242.6 | -205.8 | -365.7 | -437 | 38.2 | 28.2 | 196.9 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | -50.1 | 127.1 | 105.4 | 179.7 | 184.7 | 38.7 | 67.8 | 116.5 | 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: December 7, 2023