Financial Accounts of the United States - Z.1
S129s1.1.s Private defined benefit pension funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets(1) | FL574090045 | 3238.0 | 3187.0 | 3111.8 | 3168.2 | 3149.5 | 3130.6 | 3111.8 | 3093.1 | 3074.3 |
| Line 2 | Checkable deposits and currency | FL573020043 | 10.2 | 14.5 | 14.3 | 14.4 | 14.4 | 14.4 | 14.3 | 14.3 | 14.3 |
| Line 3 | Time and savings deposits | FL573030043 | 9.3 | 8.7 | 8.7 | 8.7 | 8.7 | 8.7 | 8.7 | 8.7 | 8.7 |
| Line 4 | Debt securities | LM574022045 | 1040.9 | 1034.0 | 1062.7 | 1049.0 | 1054.0 | 1066.4 | 1062.7 | 1051.2 | 1051.2 |
| Line 5 | Open market paper | FL573069143 | 22.7 | 21.3 | 21.4 | 21.3 | 21.3 | 21.4 | 21.4 | 21.4 | 21.4 |
| Line 6 | Treasury securities | LM573061143 | 268.8 | 278.3 | 283.5 | 283.4 | 283.0 | 285.0 | 283.5 | 281.6 | 280.3 |
| Line 7 | Agency- and GSE-backed securities | LM573061743 | 132.3 | 137.3 | 138.5 | 138.3 | 138.5 | 139.0 | 138.5 | 137.7 | 136.6 |
| Line 8 | Corporate and foreign bonds | LM573063043 | 617.0 | 597.2 | 619.2 | 605.9 | 611.2 | 621.0 | 619.2 | 610.5 | 612.8 |
| Line 9 | Loans | FL574035045 | 34.1 | 35.7 | 34.8 | 35.4 | 35.2 | 35.1 | 34.8 | 34.8 | 34.8 |
| Line 10 | Security repurchase agreements | FL572051043 | 14.3 | 13.4 | 13.5 | 13.4 | 13.4 | 13.5 | 13.5 | 13.5 | 13.5 |
| Line 11 | Mortgages | FL573065043 | 19.8 | 22.3 | 21.4 | 22.0 | 21.8 | 21.7 | 21.4 | 21.3 | 21.3 |
| Line 12 | Corporate equities | LM573064143 | 839.3 | 1115.2 | 1013.7 | 804.7 | 904.8 | 983.8 | 1013.7 | 975.7 | 1125.4 |
| Line 13 | Money market fund shares | FL573034043 | 37.9 | 35.4 | 35.7 | 35.5 | 35.6 | 35.6 | 35.7 | 35.7 | 35.7 |
| Line 14 | Mutual fund shares | LM573064243 | 306.6 | 329.0 | 378.0 | 325.5 | 352.2 | 371.2 | 378.0 | 369.8 | 409.2 |
| Line 15 | Hedge fund shares | LM573064743 | 379.6 | 380.6 | 412.9 | 380.9 | 390.0 | 404.6 | 412.9 | 412.2 | 460.8 |
| Line 16 | Private debt fund shares | LM573064540 | 85.2 | 84.6 | 94.4 | 87.7 | 87.4 | 86.4 | 94.4 | 89.1 | 88.7 |
| Line 17 | Miscellaneous assets | FL573090045 | 495.0 | 149.3 | 56.5 | 426.4 | 267.2 | 124.4 | 56.5 | 101.5 | -154.4 |
| Line 18 | Unallocated insurance contracts(2) | FL573095405 | 54.5 | 48.8 | 53.4 | 48.8 | 51.0 | 52.6 | 53.4 | 52.7 | 55.7 |
| Line 19 | Contributions receivable | FL573074043 | 27.6 | 28.4 | 28.3 | 28.4 | 28.4 | 28.3 | 28.3 | 28.3 | 28.3 |
| Line 20 | Claims of pension fund on sponsor(3) | FL573073005 | 293.9 | -208.6 | -132.4 | 252.5 | 85.1 | -62.5 | -132.4 | -89.5 | -347.3 |
| Line 21 | Other | FL573093043 | 119.0 | 280.7 | 107.2 | 96.7 | 102.8 | 105.9 | 107.2 | 109.9 | 108.8 |
| Line 22 | Pension entitlements (liabilities)(4) | FL574190043 | 3278.1 | 3228.0 | 3154.5 | 3209.6 | 3191.3 | 3172.9 | 3154.5 | 3136.2 | 3117.8 |
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 11, 2026