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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FA224090045 | 244.7 | 285.1 | 285.2 | 285.1 | 285.1 | 285.1 | 285 | 285 | 285 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -0.1 | -2.1 | -3.7 | 1.5 | -12.2 | 5.9 | 1 | 24.6 | 4.8 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 0.1 | 4 | -8.9 | 6.3 | -6.6 | 25.3 | -13.5 | -11.9 | 0.1 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FA223034043 | 3.2 | -3.9 | -7.7 | -7.8 | -7.4 | 7.5 | 4.9 | -21.6 | -4.2 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 19.6 | 20.7 | -30.2 | -0.5 | 50.9 | 62.6 | 44.8 | -152.7 | -30.6 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 143.6 | 30.3 | 150.4 | 15 | 64.4 | -108.7 | 177.2 | 43.9 | 64.1 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | 11.6 | -9.2 | 11.2 | -1.9 | -27.1 | -18.9 | 4.7 | 7 | -8.6 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 76.2 | -29.6 | -26 | -46.1 | -72.8 | 26.3 | 118 | 112.2 | 45.9 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 9 | -14.4 | 25 | -32.6 | -38.3 | -11.7 | -116.2 | 49 | -29.2 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 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 | 46.8 | 83.5 | 140.2 | 95.7 | 202.5 | -104.4 | 170.6 | -124.2 | 56.1 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.3 | -0.3 | -0.5 | -0.7 | 3 | -3 | 4.1 | -0.5 | 0.9 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -102.9 | -98.6 | -100.1 | -212.5 | -24.1 | -57.5 | -318.3 | 161.3 | -144.4 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | FA223064243 | -131.1 | 0.5 | 17.8 | 16.4 | 6.5 | -38.5 | 130.6 | -110.6 | -32.9 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FA223090045 | 312.5 | 334.4 | 268 | 467.5 | 210.7 | 391.5 | 254.3 | 352.6 | 427.2 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FA223073045 | 252.8 | 242 | 242 | 242 | 242 | 242 | 242 | 242 | 242 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FA223093043 | 59.7 | 92.4 | 26 | 225.5 | -31.3 | 149.5 | 12.3 | 110.6 | 185.2 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FA224190043 | 246.4 | 286.5 | 286.5 | 286.5 | 286.5 | 286.5 | 286.5 | 286.5 | 286.5 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements.
Last Update: December 7, 2023