Financial Accounts of the United States - Z.1
F.119.b Federal government employee defined benefit pension funds1
Billions of dollars
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net acquisition of financial assets2 | FA344090045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Checkable deposits and currency | FA343020033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Debt securities | FA344022045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Treasury securities | FA343061165 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Agency- and GSE-backed securities | FA343061733 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Municipal securities | FA343062033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Corporate and foreign bonds | FA343063033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Loans (other loans and advances)3 | FA343069245 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Corporate equities | FA343064135 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Claims of pension fund on sponsor (misc. assets)4 | FA343073045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Net increase in pension entitlements (liabilities) | FA344190045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Includes Civil Service Retirement and Disability Fund, Railroad Retirement Board, judicial retirement fund, Military Retirement Fund, Foreign Service Retirement and Disability Fund, and the National Railroad Investment Trust.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Nonmarketable Treasury securities classified as loans.
- Unfunded defined benefit pension entitlements.
Last Update: March 9, 2026