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 | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22545.7 | 22649.2 | 24360.2 | 23225.0 | 22649.2 | 23371.2 | 23690.5 | 23837.1 | 24360.2 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 53.0 | 53.8 | 59.0 | 54.6 | 53.8 | 56.2 | 54.6 | 58.2 | 59.0 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 37.5 | 38.3 | 40.1 | 38.2 | 38.3 | 38.8 | 38.9 | 39.5 | 40.1 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 221.0 | 223.1 | 233.0 | 224.7 | 223.1 | 227.8 | 224.4 | 231.3 | 233.0 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.6 | 7.6 | 8.3 | 7.8 | 7.6 | 8.0 | 7.7 | 8.1 | 8.3 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4099.9 | 4561.5 | 5044.5 | 4398.3 | 4561.5 | 4435.7 | 4460.1 | 4899.0 | 5044.5 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 96.9 | 97.1 | 105.1 | 99.3 | 97.1 | 101.4 | 98.0 | 103.7 | 105.1 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2370.4 | 2817.9 | 3036.6 | 2638.1 | 2817.9 | 2602.7 | 2562.4 | 2925.0 | 3036.6 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 312.4 | 378.2 | 435.2 | 342.4 | 378.2 | 397.9 | 412.6 | 425.5 | 435.2 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 3.4 | 4.1 | 3.2 | 3.5 | 4.1 | 3.3 | 3.3 | 3.3 | 3.2 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1316.7 | 1264.1 | 1464.4 | 1315.1 | 1264.1 | 1330.4 | 1383.9 | 1441.5 | 1464.4 | 11 |
| Pension funds; loans; asset | FL594023005 | 185.2 | 41.7 | 59.7 | 41.3 | 41.7 | 258.2 | 259.9 | 66.4 | 59.7 | 12 |
| Federal government defined contribution retirement funds; other loans and advances; liability | FL313169003 | 151.7 | 0.0 | 15.8 | 0.0 | 0.0 | 215.3 | 216.7 | 23.1 | 15.8 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 33.6 | 41.7 | 43.9 | 41.3 | 41.7 | 42.8 | 43.1 | 43.3 | 43.9 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5744.0 | 5188.0 | 6281.5 | 5924.7 | 5188.0 | 5689.6 | 5865.2 | 5832.0 | 6281.5 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4368.0 | 4084.4 | 4849.7 | 4553.4 | 4084.4 | 4479.7 | 4611.3 | 4597.7 | 4849.7 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 7829.4 | 8450.7 | 7784.6 | 7981.9 | 8450.7 | 8177.3 | 8168.4 | 8104.8 | 7784.6 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 698.4 | 686.4 | 736.1 | 718.3 | 686.4 | 713.0 | 717.0 | 716.3 | 736.1 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 119.3 | 131.5 | 146.8 | 129.4 | 131.5 | 135.0 | 137.6 | 141.8 | 146.8 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5987.8 | 6535.9 | 5719.6 | 6041.8 | 6535.9 | 6213.1 | 6175.1 | 6084.1 | 5719.6 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1024.0 | 1096.9 | 1182.1 | 1092.4 | 1096.9 | 1116.2 | 1138.7 | 1162.7 | 1182.1 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22667.2 | 22755.9 | 24470.4 | 23336.7 | 22755.9 | 23482.0 | 23803.6 | 23950.9 | 24470.4 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15156.1 | 15525.3 | 15912.3 | 15431.4 | 15525.3 | 15622.7 | 15719.5 | 15815.5 | 15912.3 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 9168.3 | 8989.4 | 10192.7 | 9389.6 | 8989.4 | 9409.6 | 9544.4 | 9731.4 | 10192.7 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5987.8 | 6535.9 | 5719.6 | 6041.8 | 6535.9 | 6213.1 | 6175.1 | 6084.1 | 5719.6 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34454.0 | 34108.4 | ND | 35547.2 | 34108.4 | 35671.9 | 36318.1 | 36584.4 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15156.1 | 15525.3 | 15912.3 | 15431.4 | 15525.3 | 15622.7 | 15719.5 | 15815.5 | 15912.3 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7511.1 | 7230.7 | 8558.1 | 7905.4 | 7230.7 | 7859.3 | 8084.1 | 8135.4 | 8558.1 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9105.0 | 8715.0 | ND | 9460.0 | 8715.0 | 9441.0 | 9715.0 | 9810.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2681.8 | 2637.4 | ND | 2750.5 | 2637.4 | 2748.8 | 2799.5 | 2823.6 | ND | 30 |
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 29.
Last Update: March 12, 2020