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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3677.5 | 3728.7 | 3690.3 | 3703.1 | 3715.9 | 3728.7 | 3732.8 | 3736.9 | 3741 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 11.7 | 12.4 | 11.9 | 12.1 | 12.3 | 12.4 | 12.8 | 13.1 | 13.3 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 12.1 | 12.6 | 12.2 | 12.4 | 12.5 | 12.6 | 12.8 | 13 | 13.2 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 49.5 | 51.6 | 50 | 50.7 | 51.1 | 51.6 | 52.5 | 53.4 | 53.9 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 18.7 | 19.5 | 18.9 | 19.1 | 19.3 | 19.5 | 19.8 | 20.2 | 20.4 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1238.9 | 1092.6 | 1158.3 | 1100.4 | 1057.9 | 1092.6 | 1153.8 | 1172.4 | 1143.1 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 29.7 | 31 | 30 | 30.4 | 30.7 | 31 | 31.5 | 32 | 32.3 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 291.3 | 275.4 | 275.1 | 265.4 | 263.1 | 275.4 | 305.6 | 322.5 | 311.6 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 143.5 | 133.3 | 137.7 | 135.6 | 131.8 | 133.3 | 137.2 | 137.3 | 136.5 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 774.5 | 652.9 | 715.5 | 669 | 632.2 | 652.9 | 679.4 | 680.6 | 662.6 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 15.6 | 16.1 | 15.7 | 15.9 | 16 | 16.1 | 16.2 | 16.4 | 16.5 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1403.4 | 1027.5 | 1302.9 | 1052.5 | 981.4 | 1027.5 | 1061.4 | 1111.8 | 1049.8 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 414.9 | 328 | 386.1 | 333.1 | 312.3 | 328 | 339.8 | 349.6 | 334.7 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 512.6 | 1168.4 | 734.3 | 1106.9 | 1253.2 | 1168.4 | 1063.6 | 987.1 | 1096.2 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 63 | 53.7 | 59.9 | 54.7 | 52.5 | 53.7 | 54.5 | 54.8 | 53.1 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 27.9 | 24.3 | 27.1 | 25.9 | 25.1 | 24.3 | 22.7 | 21.3 | 20.3 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 55.4 | 720 | 280.1 | 657.8 | 806.2 | 720 | 614.3 | 537.3 | 647.9 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 366.2 | 370.4 | 367.2 | 368.5 | 369.4 | 370.4 | 372.1 | 373.8 | 374.8 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3714 | 3765.2 | 3726.8 | 3739.6 | 3752.4 | 3765.2 | 3769.3 | 3773.4 | 3777.5 | 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: December 7, 2023