S.64.a Pension Funds
Billions of dollars
Description Series code 2013 2014 2015 2016 2017 2018 2019 2020 Line
Pension funds; gross value added (IMA) FA596902505 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1
Pension funds; consumption of fixed capital, structures, equipment, and intellectual property products, including noncorporate financial, current cost basis (IMA) FA596300081 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2
Pension funds; net value added (IMA) FA596902605 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3
Pension funds; compensation of employees paid (IMA) FA596025005 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4
Pension funds; wages and salaries paid (IMA) FA596020001 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5
Pension funds; employers' social contributions paid (IMA) FA596401001 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6
Pension funds; taxes on production and imports less subsidies, payable (IMA) FA596240101 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7
Pension funds; operating surplus, net (IMA) FA596402101 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8
Pension funds; net national income/balance of primary incomes, net (IMA) FA596140005 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9
Pension funds; operating surplus, net (IMA) FA596402101 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10
Pension funds; property income (received) (IMA) FA596150105 595.5 608.8 626.4 633.5 651.4 671.8 692.4 688.0 11
Pension funds; interest received (IMA) FA596130101 453.4 455.6 465.8 466.7 473.6 491.6 501.7 486.6 12
Pension funds; dividends received (IMA) FA596121101 142.1 153.2 160.5 166.8 177.8 180.2 190.7 201.3 13
Pension funds; reinvested earnings on U.S. direct investment abroad; received (IMA) FA593092281 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
Pension funds; uses of property income (paid) (IMA) FA596150005 595.5 608.8 626.4 633.5 651.4 671.8 692.4 688.0 15
Pension funds; interest paid (IMA) FA596130001 453.4 455.6 465.8 466.7 473.6 491.6 501.7 486.6 16
Pension funds; distributed income of corporations, paid (IMA) FA596120005 142.1 153.2 160.5 166.8 177.8 180.2 190.7 201.3 17
Pension funds; dividends paid (IMA) FA596121001 142.1 153.2 160.5 166.8 177.8 180.2 190.7 201.3 18
Pension funds; withdrawals from income of quasi-corporations, paid (IMA) (1) FA596122001 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19
Pension funds; reinvested earnings on foreign direct investment in U.S.; paid (IMA) FA593192281 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20
Pension funds; rents on land and natural resources paid (IMA) FA596112001 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21
Pension funds; net national income/balance of primary incomes, net (IMA) FA596140005 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
Pension funds; current taxes on income, wealth, etc. paid (IMA) FA596220001 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23
Pension funds; other current transfers received, net (IMA) FA596403105 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 24
Pension funds; disposable income, net; net saving including foreign earnings retained abroad and CCAdj (IMA) FA596012005 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 25
Pension funds; disposable income, net; net saving including foreign earnings retained abroad and CCAdj (IMA) FA596012005 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 26
Pension funds; net saving including foreign earnings retained abroad and CCAdj less net capital transfers paid FA596006385 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 27
Pension funds; disposable income, net; net saving including foreign earnings retained abroad and CCAdj (IMA) FA596012005 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 28
Pension funds; net capital transfers paid (IMA) FA595440083 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29
Pension funds; capital formation, net (IMA) FA595015085 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30
Pension funds; gross fixed capital formation (IMA) FA595013081 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31
Pension funds; consumption of fixed capital, structures, equipment, and intellectual property products, including noncorporate financial, current cost basis (IMA) FA596300081 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32
Pension funds; net lending (+) or borrowing (-) (capital account) (IMA) FA595000995 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 33
Pension funds; other current transfers received, net (IMA) FA596403105 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 34
Pension funds; other current transfers received, contributions received (IMA) FA596403115 1378.3 1423.8 1475.4 1512.7 1569.0 1640.9 1706.3 1712.3 35
Pension funds; other current transfers received, claims on pension benefits (IMA) FA596403125 788.5 821.2 855.6 886.1 925.1 977.8 1023.0 1034.7 36
Pension funds; other current transfers received, actual employer contributions (IMA) FA596403133 547.1 557.5 591.9 628.6 689.3 665.1 701.3 732.6 37
Pension funds; other current transfers received, imputed employer contributions (IMA) FA596403143 -65.2 -64.3 -90.0 -114.0 -161.4 -115.7 -125.0 -149.6 38
Pension funds; other current transfers received, actual household contributions to defined benefit plans (IMA) FA596403153 329.8 352.8 380.2 400.6 428.7 460.6 480.5 486.7 39
Pension funds; other current transfers paid, pension service charges for defined benefit pension plans (IMA) FA596403013 23.1 24.8 26.5 29.1 31.4 32.1 33.8 35.0 40
Pension funds; other current transfers received, household pension contribution supplements to defined benefit plans (IMA) FA596403163 595.5 608.8 626.4 633.5 651.4 671.8 692.4 688.0 41
Pension funds; other current transfers paid, pension service charges for defined contribution pension plans (IMA) FA596403023 5.7 6.1 6.5 6.8 7.5 8.6 9.1 10.3 42
Pension funds; other current transfers paid, benefit payments and withdrawals from defined benefit plans (IMA) FA596403033 1049.5 1107.6 1160.5 1176.5 1247.4 1328.5 1403.4 1474.4 43
Pension funds; other current transfers paid, net change in benefit entitlements from defined benefit plans (IMA) FA596403043 201.7 195.3 173.6 169.4 153.9 154.3 152.6 129.8 44
Pension funds; other current transfers paid, net change in assets from current transactions for defined contribution plans (IMA) FA596403053 127.1 121.0 141.3 166.8 167.8 158.1 150.3 108.1 45
Pension funds; net lending (+) or borrowing (-) (capital account) (IMA) FA595000995 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 -0.0 46
Pension funds; total financial assets FA594090005 470.2 319.1 325.1 333.6 485.9 292.3 434.0 413.8 47
Pension funds; total currency and deposits; asset FA594000005 9.8 6.9 -0.5 -1.0 -2.3 -12.3 0.1 4.2 48
Pension funds; checkable deposits and currency; asset FA593020005 3.7 5.8 3.6 -0.8 -5.6 -6.9 11.3 13.6 49
Pension funds; total time and savings deposits; asset FA593030005 6.1 1.2 -4.1 -0.2 3.3 -5.4 -11.2 -9.4 50
Pension funds; debt securities; asset FA594022005 239.3 237.1 85.4 156.2 114.9 448.4 8.8 285.8 51
Pension funds; commercial paper; asset FA593069105 10.2 0.5 -3.6 11.2 1.6 -7.2 -7.2 -4.5 52
Pension funds; Treasury securities; asset FA593061105 122.9 113.4 56.3 170.0 33.7 388.5 126.7 238.5 53
Pension funds; agency- and GSE-backed securities; asset (2) FA593061705 -5.4 20.0 -11.7 10.9 34.0 25.3 33.5 24.6 54
Pension funds; municipal securities; asset FA593062045 0.9 -0.2 0.1 0.2 0.7 0.7 -1.0 -0.0 55
Pension funds; corporate and foreign bonds; asset FA593063005 110.7 103.4 44.3 -36.2 44.9 41.1 -143.1 27.3 56
Pension funds; total loans including security repurchase agreements; asset FA594035005 -3.9 3.4 -2.5 7.7 148.6 -149.8 14.4 0.4 57
Pension funds; loans including security repurchase agreements, excluding mortgages; asset FA594041005 0.8 0.1 -0.3 0.9 151.8 -152.3 16.5 6.4 58
Pension funds; total mortgages; asset FA593065005 -4.7 3.4 -2.2 6.8 -3.2 2.6 -2.1 -6.0 59
Pension funds; equity and investment fund shares; asset (IMA) FA593081005 -256.7 -213.5 7.8 -229.2 -68.6 -196.3 -143.7 -223.8 60
Pension funds; corporate equities; asset FA593064105 -424.5 -271.5 -6.6 -212.6 -108.5 -183.9 -197.5 -160.3 61
Pension funds; mutual fund shares; asset FA593064205 149.4 59.6 17.2 -32.1 42.3 -9.7 30.4 -103.8 62
Pension funds; money market fund shares; asset FA593034005 18.5 -1.6 -2.8 15.5 -2.4 -2.8 23.4 40.3 63
Pension funds; retirement entitlements; asset (IMA) FA593052025 451.8 256.4 246.9 336.2 175.0 209.9 257.0 280.2 64
Pension funds; unidentified miscellaneous assets FA593093005 29.9 28.8 -12.0 63.7 118.2 -7.7 297.3 67.1 65
Pension funds; total liabilities FA594190005 469.9 318.9 325.0 333.7 486.0 292.0 433.9 413.7 66
Pension funds; net lending (+) or borrowing (-) (financial account) FA595000005 0.3 0.2 0.1 -0.1 -0.2 0.3 0.2 0.1 67
Pension funds; total other volume changes (IMA) FV598090185 -0.0 0.0 0.0 -0.0 -0.0 -0.0 -38.8 72.1 68
Pension funds; nonfinancial assets (does not include land) FV592010095 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 69
Pension funds; other volume changes (IMA) FV598090085 -0.3 -0.2 -0.1 0.1 0.2 -0.3 -39.0 72.0 70
Pension funds; statistical discrepancy (IMA) (3) FU597005045 -0.3 -0.2 -0.1 0.1 0.2 -0.3 -0.2 -0.1 71
Pension funds; nonfinancial assets (does not include land) FR592010095 0.2 0.1 0.1 0.1 0.2 0.3 0.2 0.1 72
Pension funds; nonresidential structures, current cost basis FR595013665 0.2 0.2 0.1 0.1 0.2 0.3 0.2 0.1 73
Pension funds; nonresidential equipment, current cost basis FR595013265 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 74
Pension funds; nonresidential intellectual property products, current cost basis FR595013765 0.0 -0.0 -0.0 0.0 -0.0 -0.0 -0.0 -0.0 75
Pension funds; revaluation of equity and investment fund shares and insurance, pension, and standardized guarantee schemes; asset (IMA) FR594090085 685.8 267.6 -89.0 394.2 815.8 -396.1 1169.1 871.4 76
Pension funds; debt securities; asset FR594022005 -107.0 47.6 -56.9 12.6 23.7 -94.9 170.4 112.7 77
Pension funds; corporate equities; asset FR593064105 1125.6 372.0 -90.6 414.1 940.3 -341.5 1096.4 973.1 78
Pension funds; mutual fund shares; asset FR593064205 458.4 146.8 -89.0 250.3 555.8 -316.9 765.8 580.0 79
Pension funds; retirement entitlements; asset (IMA) FR593052025 -791.2 -298.8 147.5 -282.8 -704.0 357.1 -863.4 -794.5 80
Pension funds; total liabilities FR594190005 707.2 277.8 -103.7 363.9 789.8 -411.5 1202.9 937.2 81
Pension funds; changes in net worth due to nominal holding gains/losses (IMA) FR598200005 -21.1 -10.1 14.8 30.3 26.2 15.7 -33.5 -65.7 82
Pension funds; net worth (IMA) FC592090095 -21.1 -10.1 14.8 30.3 26.2 15.7 -72.3 6.4 83
Pension funds; total assets (does not include land) FL592000095 19410.7 20114.9 20421.0 21247.6 22673.9 22670.0 24475.9 25997.8 84
Pension funds; nonfinancial assets (does not include land) (4) LM592010095 8.1 8.0 8.0 8.2 8.5 8.6 8.6 8.6 85
Pension funds; nonresidential structures, current cost basis LM595013665 6.7 6.7 6.7 6.7 6.8 7.1 7.2 7.2 86
Pension funds; nonresidential equipment, current cost basis LM595013265 0.5 0.4 0.4 0.4 0.5 0.4 0.4 0.4 87
Pension funds; nonresidential intellectual property products, current cost basis LM595013765 0.9 0.8 0.9 1.1 1.2 1.1 1.0 1.0 88
Pension funds; total financial assets FL594090005 19402.6 20106.9 20413.0 21239.4 22665.4 22661.4 24467.3 25989.2 89
Pension funds; total currency and deposits; asset FL594000005 87.4 94.3 93.9 92.8 90.5 78.2 65.6 69.8 90
Pension funds; checkable deposits and currency; asset FL593020005 50.0 55.8 59.4 58.6 53.0 46.1 46.9 60.5 91
Pension funds; total time and savings deposits; asset FL593030005 37.4 38.6 34.5 34.3 37.5 32.1 18.7 9.3 92
Pension funds; debt securities; asset LM594022005 3479.2 3763.8 3792.3 3961.2 4099.8 4453.3 4698.0 5096.6 93
Pension funds; commercial paper; asset FL593069105 87.2 87.7 84.0 95.3 96.9 89.7 47.5 43.0 94
Pension funds; Treasury securities; asset LM593061105 1998.5 2127.5 2176.1 2337.3 2370.6 2779.3 2920.6 3194.2 95
Pension funds; agency- and GSE-backed securities; asset (2) LM593061705 263.7 289.6 268.0 277.2 312.3 355.7 401.4 423.4 96
Pension funds; municipal securities; asset LM593062045 2.4 2.4 2.5 2.7 3.4 4.1 0.1 0.0 97
Pension funds; corporate and foreign bonds; asset LM593063005 1127.4 1256.7 1261.7 1248.7 1316.6 1224.5 1328.5 1436.0 98
Pension funds; total loans including security repurchase agreements; asset FL594035005 35.6 39.0 36.5 44.2 192.8 43.1 53.6 54.0 99
Pension funds; loans including security repurchase agreements, excluding mortgages; asset FL594041005 6.8 6.8 6.5 7.5 159.3 7.0 22.5 28.9 100
Pension funds; total mortgages; asset FL593065005 28.8 32.2 30.0 36.8 33.6 36.1 31.1 25.1 101
Pension funds; equity and investment fund shares; asset (IMA) FL593081005 8336.9 8642.2 8470.3 8905.5 10333.0 9478.3 10750.0 12054.2 102
Pension funds; corporate equities; asset LM593064105 4707.5 4808.0 4710.8 4912.2 5744.0 5218.6 5856.0 6643.8 103
Pension funds; mutual fund shares; asset LM593064205 3417.1 3623.5 3551.7 3769.8 4368.0 4041.5 4690.6 5166.8 104
Pension funds; money market fund shares; asset FL593034005 212.3 210.7 207.9 223.4 221.0 218.2 203.3 243.6 105
Pension funds; retirement entitlements; asset (IMA) FL593052025 6691.0 6766.1 7230.6 7382.7 6977.9 7644.8 7210.5 6867.3 106
Pension funds; unidentified miscellaneous assets FL593093005 772.6 801.4 789.4 853.1 971.3 963.6 1689.6 1847.4 107
Pension funds; total assets (does not include land) FL592000095 19410.7 20114.9 20421.0 21247.6 22673.9 22670.0 24475.9 25997.8 108
Pension funds; total liabilities FL594190005 19584.9 20299.2 20590.4 21386.8 22786.9 22767.2 24645.5 26161.0 109
Pension funds; net worth (IMA) FL592090095 -174.2 -184.3 -169.5 -139.1 -113.0 -97.3 -169.6 -163.2 110

NOTES

  1. Consists of rental income of tenant-occupied housing and proprietors' income. Quasi-corporations are unincorporated enterprises that function as if they were corporations; they primarily cover their operating costs through sales, and they keep a complete set of financial records.
  2. Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.
  3. The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
  4. Excludes land.
Last Update: March 10, 2022