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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3675.5 | 3185.2 | 3228.5 | 3196 | 3206.9 | 3217.7 | 3228.5 | 3237.3 | 3246 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 11.7 | 12.8 | 13 | 12.8 | 12.9 | 12.9 | 13 | 13.1 | 13.1 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 12.1 | 9.3 | 8.6 | 9.1 | 8.9 | 8.8 | 8.6 | 8.4 | 8.2 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 49.5 | 38.2 | 35.2 | 37.4 | 36.6 | 36 | 35.2 | 34.4 | 33.5 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 18.7 | 14.4 | 13.3 | 14.1 | 13.8 | 13.6 | 13.3 | 13 | 12.7 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1238.9 | 945.4 | 964 | 964.7 | 948.7 | 914 | 964 | 950.1 | 939.2 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 29.7 | 22.9 | 21.1 | 22.4 | 22 | 21.6 | 21.1 | 20.6 | 20.1 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 291.3 | 226.7 | 228.4 | 232 | 226.9 | 217.6 | 228.4 | 224.4 | 222.9 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 143.5 | 111.8 | 110.9 | 112.7 | 110.6 | 108.5 | 110.9 | 109.3 | 108.4 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 774.5 | 584 | 603.6 | 597.6 | 589.2 | 566.3 | 603.6 | 595.8 | 587.7 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 15.6 | 12.5 | 11.7 | 12.2 | 12 | 11.9 | 11.7 | 11.5 | 11.3 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1403.4 | 1085.4 | 1316.4 | 1151.3 | 1235.8 | 1185.5 | 1316.4 | 1435.7 | 1469 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 414.9 | 315.6 | 352.2 | 328.5 | 339.6 | 325.9 | 352.2 | 371.2 | 372.6 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 510.6 | 751.5 | 514.1 | 665.7 | 598.5 | 709 | 514.1 | 400 | 386.4 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 63 | 55 | 58.8 | 56.5 | 57.5 | 56.2 | 58.8 | 60.5 | 60.6 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 27.9 | 27.4 | 26.4 | 27.1 | 26.8 | 26.6 | 26.4 | 26.1 | 25.8 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 53.4 | 335.5 | 103.8 | 250.8 | 185.1 | 298.7 | 103.8 | -9.3 | -20.1 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 366.2 | 333.7 | 325.1 | 331.3 | 329 | 327.4 | 325.1 | 322.7 | 320.2 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3714 | 3224.8 | 3269.3 | 3235.9 | 3247.1 | 3258.2 | 3269.3 | 3278.4 | 3287.5 | 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: September 12, 2024