Financial Accounts of the United States - Z.1
L.117 Private and Public Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2014 | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 17598.3 | 17931.1 | 18733.9 | 18104.3 | 18307.4 | 18574.1 | 18733.9 | 19091.9 | 19335.9 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 55.3 | 59.7 | 72.8 | 58.9 | 61.9 | 65.3 | 72.8 | 73.3 | 76.9 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 38.6 | 33.4 | 32.9 | 33.0 | 33.0 | 33.0 | 32.9 | 32.5 | 32.6 | 3 |
| Pension funds; money market mutual fund shares; asset | FL593034005 | 210.7 | 208.5 | 221.5 | 206.1 | 209.6 | 213.3 | 221.5 | 220.5 | 224.1 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 6.8 | 6.5 | 7.6 | 6.3 | 6.6 | 6.9 | 7.6 | 7.5 | 7.8 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3764.2 | 3790.6 | 3979.2 | 3839.2 | 3886.5 | 3923.7 | 3979.2 | 3885.9 | 3831.6 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 87.7 | 83.5 | 96.3 | 82.0 | 85.2 | 88.8 | 96.3 | 95.8 | 99.5 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2128.8 | 2177.8 | 2300.4 | 2174.6 | 2201.2 | 2227.8 | 2300.4 | 2168.0 | 2081.1 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 289.2 | 268.0 | 288.9 | 274.3 | 289.1 | 294.2 | 288.9 | 298.0 | 307.9 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 2.5 | 2.5 | 1.9 | 2.6 | 2.6 | 2.2 | 1.9 | 1.9 | 1.8 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1256.0 | 1258.8 | 1291.7 | 1305.8 | 1308.4 | 1310.7 | 1291.7 | 1322.2 | 1341.4 | 11 |
| Pension funds; total mortgages; asset | FL593065005 | 32.3 | 30.5 | 30.2 | 31.1 | 31.4 | 30.8 | 30.2 | 29.5 | 29.2 | 12 |
| Pension funds; corporate equities; asset | LM593064105 | 4810.4 | 4695.0 | 4948.1 | 4686.9 | 4733.5 | 4882.7 | 4948.1 | 5131.7 | 5225.1 | 13 |
| Pension funds; mutual fund shares; asset | LM593064205 | 3623.7 | 3566.9 | 3763.5 | 3597.5 | 3667.3 | 3788.1 | 3763.5 | 3941.9 | 4046.8 | 14 |
| Pension funds; total miscellaneous assets | FL593090005 | 5056.3 | 5540.1 | 5678.1 | 5645.3 | 5677.5 | 5630.3 | 5678.1 | 5769.1 | 5861.7 | 15 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 672.3 | 650.7 | 669.9 | 655.9 | 661.2 | 670.4 | 669.9 | 682.5 | 692.0 | 16 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 76.1 | 91.3 | 96.9 | 92.9 | 93.7 | 94.5 | 96.9 | 99.0 | 99.9 | 17 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 3480.0 | 3979.1 | 4032.1 | 4068.3 | 4081.1 | 4018.5 | 4032.1 | 4097.1 | 4168.4 | 18 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 827.9 | 819.0 | 879.3 | 828.2 | 841.5 | 846.9 | 879.3 | 890.4 | 901.4 | 19 |
| Pension funds; total liabilities (6) | FL594190005 | 17790.5 | 18108.7 | 18909.2 | 18277.9 | 18478.8 | 18749.0 | 18909.2 | 19271.6 | 19519.3 | 20 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 11621.6 | 11990.5 | 12354.5 | 12081.3 | 12171.6 | 12263.4 | 12354.5 | 12446.7 | 12538.4 | 21 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8141.7 | 8011.4 | 8322.4 | 8013.0 | 8090.5 | 8244.8 | 8322.4 | 8457.2 | 8511.4 | 22 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 3480.0 | 3979.1 | 4032.1 | 4068.3 | 4081.1 | 4018.5 | 4032.1 | 3989.5 | 4026.9 | 23 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 27153.5 | 27556.8 | 28983.4 | 27820.0 | 28189.6 | 28745.1 | 28983.4 | 29706.9 | ND | 24 |
| Defined benefit pension funds; total financial assets | FL594090045 | 11429.4 | 11813.0 | 12179.3 | 11907.7 | 12000.2 | 12088.5 | 12179.3 | 12267.0 | 12355.0 | 25 |
| Defined contribution pension funds; total financial assets | FL594090055 | 6168.9 | 6118.1 | 6554.7 | 6196.6 | 6307.2 | 6485.6 | 6554.7 | 6824.9 | 6980.9 | 26 |
| All sectors; IRAs; liability (9) | LM893131573 | 7292.0 | 7329.0 | 7850.0 | 7400.0 | 7527.0 | 7767.0 | 7850.0 | 8169.0 | ND | 27 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2263.1 | 2296.7 | 2399.5 | 2315.7 | 2355.2 | 2404.0 | 2399.5 | 2446.0 | ND | 28 |
NOTES
- Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes both marketable and nonmarketable government securities.
- Assets of pension plans held at life insurance companies; series begins 1985:Q4.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
- Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
- Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
- IRA assets are not included above. See memo items on table L.227 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 27.
Last Update: September 21, 2017