Financial Accounts of the United States - Z.1
F.118.b Private defined benefit pension funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net acquisition of financial assets1 | FA574090045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Checkable deposits and currency | FA573020043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Time and savings deposits | FA573030043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Money market fund shares | FA573034043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Security repurchase agreements | FA572051043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Debt securities | FA574022045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Open market paper | FA573069143 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Treasury securities | FA573061143 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Agency- and GSE-backed securities | FA573061743 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Corporate and foreign bonds | FA573063043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Loans (mortgages) | FA573065043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Corporate equities | FA573064143 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Mutual fund shares | FA573064243 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Miscellaneous assets | FA573090045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Unallocated insurance contracts2 | FA573095405 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Contributions receivable | FA573074043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Claims of pension fund on sponsor3 | FA573073005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Other | FA573093043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Net increase in pension entitlements (liabilities) | FA574190043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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.
Last Update: March 9, 2026