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 | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FA224090045 | 227.8 | 244.7 | 285.1 | 300 | 300.1 | 300 | 300 | 300 | 300 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 6.3 | -0.3 | -1.7 | -1.6 | -7.4 | 19.6 | 2.1 | -20.6 | -1.6 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -2 | 0.1 | 4.1 | -4.1 | -14.7 | -11 | 11.2 | -1.9 | -4.1 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FA223034043 | 0.4 | 3.5 | -3.9 | -5.4 | -3.2 | -24.7 | 10.1 | -3.8 | -5.4 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.2 | 19.7 | 21.1 | 11.9 | 23.6 | -146.5 | 148.4 | 22.1 | 11.9 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 85.5 | 151 | 32.7 | 52.2 | 119.7 | -23.5 | 23.3 | 89.5 | 72.2 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -3.7 | 11.7 | -9.2 | 0.8 | 0.2 | 2.4 | 6.3 | -5.9 | 0.8 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 4.3 | 79 | -27.6 | 80.9 | 117.1 | 11.3 | 120 | 75 | 80.8 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 26.4 | 9.6 | -13.4 | -4.2 | -37.5 | 61.5 | -60.2 | 19.6 | -4.2 | 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 | 58.5 | 50.7 | 83 | -25.2 | 39.9 | -98.8 | -42.8 | 0.8 | -5.2 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.9 | -0.3 | -0.2 | -1.6 | 0.5 | -3.6 | -0.9 | -2.6 | -1.6 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -28.8 | -111.8 | -42.5 | -38.3 | -268.8 | 178.5 | 37 | -99.7 | -103.2 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | FA223064243 | 11.7 | -130.2 | -22.5 | 18.6 | 223.7 | -99.3 | -25.7 | -24.2 | 8.6 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FA223090045 | 154.4 | 313 | 298.1 | 268.3 | 226.6 | 410.6 | 94.6 | 341.2 | 323.2 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FA223073045 | 261.6 | 248.2 | 233.2 | 233.1 | 233.1 | 233.1 | 233.1 | 233.1 | 233.1 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FA223093043 | -107.2 | 64.7 | 64.9 | 35.1 | -6.5 | 177.5 | -138.5 | 108.1 | 90.1 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FA224190043 | 227.7 | 246.4 | 286.5 | 301.6 | 301.6 | 301.6 | 301.6 | 301.6 | 301.6 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements.
Last Update: June 7, 2024