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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 0.6 | 1.2 | 2.3 | 2.5 | 2.5 | 2.5 | 2.5 | 2.6 | 2.6 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 0.4 | 4.3 | 4.9 | 5.3 | 5.2 | 5.3 | 5.3 | 5.4 | 5.5 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 380.6 | 302.9 | 409 | 491 | 520.9 | 468.5 | 482.5 | 492.3 | 467.1 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 2.4 | 4.4 | -2.6 | -1.2 | -6.6 | 19.6 | 2 | -19.7 | -1.9 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 0.2 | 0.6 | 5 | -3.1 | -13.7 | -9.7 | 12.1 | -1.2 | -2.9 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 24.8 | 10.1 | 10.7 | 7.9 | 7.3 | -2.7 | 23.7 | 3.4 | 12.6 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 3.8 | 20 | 21.9 | 13 | 24.9 | -145.3 | 149.1 | 23.2 | 12.9 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 165.4 | 338.7 | 177.1 | 208.3 | 350.1 | 230.8 | 111.4 | 140.9 | 200.7 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 1.7 | 12.9 | -6.9 | 3.1 | 2.7 | 5.4 | 8.3 | -4 | 3.6 | 9 |
| Pension funds; Treasury securities; asset | FA593061105 | 5.6 | 149.4 | 45.7 | 172.5 | 279.9 | 172.8 | 146.3 | 90.9 | 119.7 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 40.3 | 39.7 | 3 | 11.3 | -24 | 84.4 | -44.4 | 29.2 | 18.4 | 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 | 117.8 | 136.7 | 135.3 | 21.4 | 91.5 | -31.8 | 1.2 | 24.8 | 59 | 13 |
| Pension funds; loans; asset | FA594023005 | 145.8 | 162 | 246.2 | 253.3 | 19 | 324.6 | 38.1 | 631.5 | 161.4 | 14 |
| Federal government retirement funds; other loans and advances; asset (3) | FA343069005 | 145.5 | 161.1 | 245.6 | 254.1 | 17.6 | 327.1 | 38.3 | 633.4 | 162 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 0.3 | 0.8 | 0.6 | -0.8 | 1.4 | -2.5 | -0.2 | -2 | -0.7 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -165.1 | -396.6 | -184.1 | -191.8 | -465.7 | 9.5 | -60.1 | -250.9 | -258.8 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | 16.6 | -245.8 | -81.5 | 24.3 | 278.2 | -169.8 | -47.7 | 36.4 | -65 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 186.5 | 409.4 | 216.4 | 180.4 | 327.4 | 211.6 | 253.8 | -71.3 | 408.2 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 20.2 | 7.7 | 8.7 | 15 | 21.3 | 11.1 | 4.9 | 22.8 | 19.9 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -2.7 | -6.5 | -1.9 | -3.4 | -4.7 | -3.2 | -1.6 | -4.2 | -2.1 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 220.7 | 303 | 128.5 | 123.5 | 347.3 | 18.2 | 346.4 | -218 | 240.8 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | -51.6 | 105.2 | 81 | 45.3 | -36.6 | 185.5 | -95.9 | 128.1 | 149.5 | 23 |
| Pension funds; total liabilities | FA594190005 | 380.4 | 306 | 411.5 | 493.8 | 523.6 | 471.2 | 485.3 | 495.1 | 470 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 830 | 730 | 298.4 | 657.7 | 708.4 | 832.1 | 506 | 584.2 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 256.9 | 295.2 | 374.9 | 406.5 | 407.3 | 406.2 | 405.2 | 407.1 | 405.8 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 123.5 | 10.9 | 36.7 | 87.4 | 116.4 | 65 | 80.1 | 88 | 64.2 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 408.3 | 474.3 | -242.8 | 90.9 | 27.8 | 195.8 | -22.8 | 163 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | 41.4 | -50.3 | 129.7 | 72.9 | 157 | 165.1 | 43.5 | -73.9 | 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).
- Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
- 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: June 7, 2024