F.120.B State and Local Government Employee Defined Benefit Pension Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Series | Description | 2022 | 2023 | 2024 | 2025 | 2024
Q2 | 2024
Q3 | 2024
Q4 | 2025
Q1 | 2025
Q2 | 2025
Q3 | 2025
Q4 | Line |
| 1 | FA224090045.Q | State and local government employee defined benefit pension funds; total financial assets | 231.1 | 228.9 | 232.2 | 233.5 | 231.8 | 232.6 | 233.4 | 233.4 | 233.5 | 233.5 | 233.5 | 1 |
| 2 | FA223020043.Q | State and local government employee defined benefit pension funds; checkable deposits and currency; asset | -2.1 | -2.1 | 25.5 | -11.4 | 22.1 | 19.6 | 17.4 | -39.6 | -39.7 | 30.8 | 3.0 | 2 |
| 3 | FA223030043.Q | State and local government employee defined benefit pension funds; total time and savings deposits; asset | 4.0 | -4.1 | -2.3 | 0.0 | 0.7 | -8.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3 |
| 4 | FA223034043.Q | State and local government employee defined benefit pension funds; money market fund shares; asset | -4.2 | -5.5 | 6.4 | 12.0 | -7.3 | -9.5 | 7.3 | -8.2 | 23.1 | 19.3 | 13.6 | 4 |
| 5 | FA222051043.Q | State and local government employee defined benefit pension funds; security repurchase agreements; asset | 20.3 | 11.1 | 51.1 | 49.1 | 41.5 | 18.1 | 126.9 | -3.2 | 3.4 | 142.3 | 54.0 | 5 |
| 6 | FA224022045.Q | State and local government employee defined benefit pension funds; debt securities; asset | 15.8 | 28.1 | 152.8 | 103.2 | 272.3 | 113.7 | 50.2 | 33.2 | 96.8 | 202.1 | 80.9 | 6 |
| 7 | FA223069143.Q | State and local government employee defined benefit pension funds; commercial paper; asset | -9.3 | 0.6 | 0.8 | 1.6 | -1.6 | -12.8 | 8.2 | -3.1 | 2.0 | 4.0 | 3.3 | 7 |
| 8 | FA223061143.Q | State and local government employee defined benefit pension funds; Treasury securities; asset | -32.9 | 72.5 | 71.4 | 44.1 | 145.6 | 70.3 | -24.0 | 16.1 | -9.0 | 151.2 | 18.2 | 8 |
| 9 | FA223061743.Q | State and local government employee defined benefit pension funds; agency- and GSE-backed securities; asset | -16.1 | -7.7 | 20.7 | 33.8 | -1.3 | 44.6 | 13.4 | 2.1 | 84.5 | 24.8 | 23.5 | 9 |
| 10 | FA223062043.Q | State and local government employee defined benefit pension funds; municipal securities; asset | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| 11 | FA223063045.Q | State and local government employee defined benefit pension funds; corporate and foreign bonds; asset | 74.3 | -37.3 | 59.9 | 23.8 | 129.7 | 11.6 | 52.5 | 18.1 | 19.2 | 22.0 | 35.8 | 11 |
| 12 | FA223065043.Q | State and local government employee defined benefit pension funds; total mortgages; asset | -0.3 | -1.7 | 0.4 | 0.1 | 0.6 | 0.4 | 2.9 | -0.3 | 0.7 | 0.2 | -0.3 | 12 |
| 13 | FA223064145.Q | State and local government employee defined benefit pension funds; corporate equities; asset | -76.9 | -92.1 | -202.3 | -178.7 | -315.7 | -185.0 | -178.2 | -66.6 | -224.3 | -265.6 | -158.3 | 13 |
| 14 | FA223064243.Q | State and local government employee defined benefit pension funds; mutual fund shares; asset | -23.3 | 16.2 | -34.2 | 4.0 | -3.9 | -16.3 | 1.8 | 7.8 | 61.8 | -51.9 | -1.9 | 14 |
| 15 | FA223090045.Q | State and local government employee defined benefit pension funds; miscellaneous assets | 297.8 | 278.9 | 234.8 | 255.3 | 221.4 | 299.6 | 205.3 | 310.3 | 311.8 | 156.4 | 242.6 | 15 |
| 16 | FA223073045.Q | State and local government employee defined benefit pension funds; claims of pension fund on sponsor; asset | 248.0 | 255.7 | 261.6 | 258.6 | 259.0 | 259.0 | 269.4 | 258.6 | 258.9 | 258.9 | 258.1 | 16 |
| 17 | FA223093043.Q | State and local government employee defined benefit pension funds; unidentified miscellaneous assets | 49.9 | 23.2 | -26.8 | -3.3 | -37.5 | 40.6 | -64.1 | 51.7 | 52.9 | -102.4 | -15.5 | 17 |
| 18 | FA224190043.Q | State and local government employee defined benefit pension funds; pension entitlements (total liabilities) | 236.3 | 233.8 | 236.9 | 238.0 | 236.5 | 237.3 | 238.0 | 238.0 | 238.0 | 238.0 | 238.0 | 18 |