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 84.6 87.3 95.1 91.0 89.7 69.0 77.6 90.0 143.9
Line 2 Checkable deposits and currency FA343020033 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Line 3 Debt securities FA344022005 2.5 1.8 2.1 7.2 1.9 2.1 1.3 2.6 2.4
Line 4 Treasury securities FA343061105 1.7 1.2 0.7 3.8 4.4 1.1 -0.6 1.1 1.0
Line 5 Agency- and GSE-backed securities FA343061705 0.3 0.0 0.7 1.5 -1.9 0.7 0.7 0.7 0.6
Line 6 Municipal securities FA343062033 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 7 Corporate and foreign bonds FA343063005 0.4 0.5 0.8 1.8 -0.6 0.3 1.2 0.8 0.8
Line 8 Loans (other loans and advances)2 FA343069005 254.1 241.7 387.4 272.4 471.3 62.7 -446.9 975.1 958.7
Line 9 Corporate equities FA343064105 12.0 8.3 -32.4 -17.9 28.9 -109.1 -13.1 10.3 -17.7
Line 10 Claims of pension fund on sponsor (misc. assets)3 FA343073045 -184.2 -164.8 -262.3 -171.0 -412.6 113.0 536.1 -898.3 -799.9
Line 11 Net increase in pension entitlements (liabilities) FA344090005 84.6 87.3 95.1 91.0 89.7 69.0 77.6 90.0 143.9
 
Memo: Net acquisition of financial assets
Line 12 Defined benefit plans4 FA344090045 67.3 74.5 76.5 75.7 78.1 76.2 76.2 77.5 75.9
Line 13 Defined contribution plans5 FA344090055 17.3 12.8 18.7 15.3 11.6 -7.2 1.4 12.5 68.0

Notes:

  1. Includes claims on sponsor (i.e., unfunded pension entitlements).
  2. Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
  3. Unfunded defined benefit pension entitlements.
  4. Additional detail on defined benefit plans is available on table F.119.b.
  5. Additional detail on defined contribution plans is available on table F.119.c.

Last Update: 2026-03-19