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

  1. Includes claims on sponsor (i.e., unfunded pension entitlements).
  2. Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
  3. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  4. Actuarial value of accrued defined benefit pension entitlements.
Last Update: September 12, 2024