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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 1.2 | 2.3 | 2.5 | 2.5 | 2.5 | 2.5 | 2.6 | 2.6 | 2.7 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 4.3 | 4.9 | 5.3 | 5.2 | 5.3 | 5.3 | 5.4 | 5.5 | 5.6 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 302.9 | 410.6 | 516.3 | 528.3 | 472.3 | 502.4 | 562.3 | 482.9 | 465.2 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 4.4 | -5.2 | -0.9 | -7.3 | 19.6 | 3.1 | -19.2 | 42.8 | 10.8 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 0.6 | 1.2 | -4.7 | -15.3 | -11.3 | 10.5 | -2.6 | -3 | -1.6 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 10.1 | -15.9 | -3.9 | -4.7 | -18.1 | 12.1 | -4.9 | 11.8 | -0.1 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 20 | 16 | 9.7 | 20.3 | -144.6 | 142.7 | 20.2 | 15.3 | 7.4 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 337.1 | -37.6 | 68.5 | 89.2 | 17.5 | 74.1 | 93 | 179.1 | 88.6 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 12.9 | -16.2 | -1 | -2 | 0.5 | 5.1 | -7.6 | 2.2 | -0.4 | 9 |
| Pension funds; Treasury securities; asset | FA593061105 | 148.9 | -42 | 90.7 | 110.6 | 33.6 | 138.5 | 80.1 | 106.6 | 81.7 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 39.5 | -32 | -2.8 | -41.8 | 64.2 | -51.4 | 17.8 | 28 | 14.4 | 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 | 136 | 52.6 | -18.5 | 22.3 | -80.7 | -18.1 | 2.7 | 42.2 | -7.2 | 13 |
| Pension funds; loans; asset | FA594023005 | 162 | 238.5 | 250.4 | 16.5 | 320.4 | 35.1 | 629.5 | 156.4 | 233.6 | 14 |
| Federal government retirement funds; other loans and advances; asset (3) | FA343069005 | 161.1 | 245.6 | 254.1 | 17.6 | 327.1 | 38.3 | 633.4 | 162 | 238.7 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 0.8 | -7.1 | -3.8 | -1.2 | -6.7 | -3.2 | -3.9 | -5.6 | -5.1 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -416.9 | 26.9 | -89.3 | -315 | 168.5 | -25.2 | -185.5 | -48.6 | -10.8 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | -245.9 | -121.9 | 22.8 | 272.8 | -174.4 | -44.4 | 37.3 | -208.3 | -161.6 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 431.5 | 308.6 | 263.9 | 471.9 | 294.7 | 294.3 | -5.5 | 337.6 | 298.9 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 7.7 | 18 | 16.2 | 22.3 | 12.6 | 5.6 | 24.4 | 21.9 | 18.5 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -6.5 | 2.4 | 1.2 | -0 | 2.8 | 2.3 | -0.2 | 3 | 2.3 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 326.8 | 361.6 | 256.7 | 506.3 | 177 | 450.3 | -106.7 | 357.5 | 293.7 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 103.5 | -73.4 | -10.3 | -56.7 | 102.3 | -163.9 | 76.9 | -44.8 | -15.6 | 23 |
| Pension funds; total liabilities | FA594190005 | 306 | 413.2 | 519.1 | 531.1 | 475.1 | 505.2 | 565.1 | 485.8 | 468.2 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 730 | 290.7 | 677.8 | 698.9 | 818.4 | 509.2 | 684.7 | 641.8 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 295.2 | 374.9 | 406.5 | 395.8 | 402.4 | 409 | 418.5 | 417.2 | 418.1 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 10.9 | 38.3 | 112.7 | 135.3 | 72.7 | 96.1 | 146.6 | 68.7 | 50.1 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 474.3 | -242.8 | 90.9 | 27.8 | 195.8 | -22.8 | 163 | 146.5 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | -50.3 | 120.3 | 67.7 | 140 | 147.6 | 26.8 | -43.4 | 9.4 | 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: September 12, 2024