Financial Accounts of the United States - Z.1
F.119 Federal government employee 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 | FA344090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Checkable deposits and currency | FA343020033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Debt securities | FA344022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Treasury securities | FA343061105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Agency- and GSE-backed securities | FA343061705 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Municipal securities | FA343062033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Corporate and foreign bonds | FA343063005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Loans (other loans and advances)2 | FA343069005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Corporate equities | FA343064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Claims of pension fund on sponsor (misc. assets)3 | FA343073045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Net increase in pension entitlements (liabilities) | FA344090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: Net acquisition of financial assets | |||||||||||
| Line 12 | Defined benefit plans4 | FA344090045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Defined contribution plans5 | FA344090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
- Unfunded defined benefit pension entitlements.
- Additional detail on defined benefit plans is available on table F.119.b.
- Additional detail on defined contribution plans is available on table F.119.c.
Last Update: March 9, 2026