Financial Accounts of the United States - Z.1
S129s1.1.s Private defined benefit pension funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets(1) | FL574090045 | 3238.0 | 3187.0 | 3111.8 | 3187.0 | 3168.2 | 3149.5 | 3130.6 | 3111.8 | 3093.1 |
| Line 2 | Checkable deposits and currency | FL573020043 | 10.2 | 8.6 | 7.0 | 8.6 | 8.2 | 7.8 | 7.4 | 7.0 | 6.6 |
| Line 3 | Time and savings deposits | FL573030043 | 9.3 | 8.5 | 7.8 | 8.5 | 8.4 | 8.2 | 8.0 | 7.8 | 7.6 |
| Line 4 | Debt securities | LM574022045 | 1040.9 | 1050.1 | 1105.1 | 1050.1 | 1072.3 | 1083.6 | 1101.7 | 1105.1 | 1098.0 |
| Line 5 | Open market paper | FL573069143 | 22.7 | 21.0 | 19.2 | 21.0 | 20.5 | 20.1 | 19.6 | 19.2 | 18.7 |
| Line 6 | Treasury securities | LM573061143 | 268.8 | 286.3 | 318.5 | 286.3 | 298.6 | 304.7 | 312.9 | 318.5 | 321.5 |
| Line 7 | Agency- and GSE-backed securities | LM573061743 | 132.3 | 141.7 | 153.9 | 141.7 | 145.7 | 148.4 | 151.4 | 153.9 | 155.0 |
| Line 8 | Corporate and foreign bonds | LM573063043 | 617.0 | 601.2 | 613.5 | 601.2 | 607.5 | 610.4 | 617.9 | 613.5 | 602.8 |
| Line 9 | Loans | FL574035045 | 34.1 | 37.5 | 41.0 | 37.5 | 38.4 | 39.2 | 40.1 | 41.0 | 41.8 |
| Line 10 | Security repurchase agreements | FL572051043 | 14.3 | 13.2 | 12.1 | 13.2 | 12.9 | 12.6 | 12.4 | 12.1 | 11.8 |
| Line 11 | Mortgages | FL573065043 | 19.8 | 24.3 | 29.0 | 24.3 | 25.4 | 26.6 | 27.8 | 29.0 | 30.0 |
| Line 12 | Corporate equities | LM573064143 | 1118.1 | 1200.0 | 1210.1 | 1200.0 | 1098.3 | 1174.7 | 1227.1 | 1210.1 | 1121.7 |
| Line 13 | Money market fund shares | FL573034043 | 37.9 | 35.0 | 31.9 | 35.0 | 34.2 | 33.5 | 32.7 | 31.9 | 31.2 |
| Line 14 | Mutual fund shares | LM573064243 | 306.6 | 297.1 | 287.1 | 297.1 | 280.9 | 291.3 | 295.1 | 287.1 | 270.5 |
| Line 15 | Miscellaneous assets | FL573090045 | 680.9 | 550.1 | 421.8 | 550.1 | 627.5 | 511.2 | 418.4 | 421.8 | 515.5 |
| Line 16 | Unallocated insurance contracts(2) | FL573095405 | 54.5 | 54.1 | 53.3 | 54.1 | 52.6 | 53.5 | 54.0 | 53.3 | 51.7 |
| Line 17 | Contributions receivable | FL573074043 | 27.6 | 27.6 | 27.7 | 27.6 | 27.7 | 27.7 | 27.7 | 27.7 | 27.7 |
| Line 18 | Claims of pension fund on sponsor(3) | FL573073005 | 293.9 | 192.0 | 94.0 | 192.0 | 278.1 | 168.3 | 82.3 | 94.0 | 196.0 |
| Line 19 | Other | FL573093043 | 304.9 | 276.4 | 246.8 | 276.4 | 269.2 | 261.7 | 254.4 | 246.8 | 240.2 |
| Line 20 | Pension entitlements (liabilities)(4) | FL574190043 | 3278.1 | 3228.0 | 3154.5 | 3228.0 | 3209.6 | 3191.3 | 3172.9 | 3154.5 | 3136.2 |
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: June 11, 2026