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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FA224090045 | 244.7 | 285.1 | 300 | 294.4 | 298.2 | 301.9 | 305.6 | 305.6 | 305.6 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -0.3 | -2.1 | -1.9 | -8 | 18.2 | 2 | -19.9 | 41.3 | 9.5 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 0.1 | 4 | -4.1 | -14.6 | -10.7 | 10.9 | -1.9 | -2.4 | -0.9 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FA223034043 | 3.4 | -4.2 | -5.5 | -3.7 | -24.5 | 9.7 | -3.7 | 10.2 | -1.9 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 19.7 | 20.3 | 10.8 | 21.6 | -143.4 | 143.5 | 21.4 | 16.6 | 8.7 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 149.4 | 15.6 | 33.9 | 82.4 | -56.1 | 22.5 | 86.6 | 105.2 | 36 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | 11.7 | -9.3 | 0.6 | -0.1 | 2 | 6.1 | -5.7 | 3.8 | 1.4 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 78.5 | -33 | 73.2 | 104 | 0.2 | 116.1 | 72.5 | 74.4 | 59.9 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 9.3 | -16.1 | -6.6 | -41.7 | 54.8 | -58.3 | 19 | 18.7 | 7.8 | 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 | 50 | 74.1 | -33.4 | 20.2 | -112.9 | -41.4 | 0.8 | 8.3 | -33.1 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.3 | -0.3 | -1.7 | 0.3 | -3.7 | -0.9 | -2.5 | -2.3 | -2.1 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -132.1 | -81.6 | -101.2 | -296.7 | 136.3 | -64.8 | -179.4 | -79 | -33.4 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | FA223064243 | -130.4 | -23.3 | 17.5 | 216.4 | -98.2 | -24.9 | -23.5 | -120.6 | -69.9 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FA223090045 | 335.1 | 356.9 | 352.3 | 296.7 | 480.2 | 203.8 | 428.4 | 336.6 | 359.7 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FA223073045 | 272 | 307.6 | 334.3 | 334.3 | 334.3 | 334.3 | 334.3 | 334.3 | 334.2 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FA223093043 | 63.1 | 49.3 | 18 | -37.6 | 145.9 | -130.5 | 94.1 | 2.4 | 25.5 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FA224190043 | 246.4 | 286.5 | 301.6 | 295.9 | 299.7 | 303.5 | 307.2 | 307.2 | 307.2 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements.
Last Update: September 12, 2024