F.117 Private and Public Pension Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description Series code 2019 2020 2021 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 Line
Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA596330005 0.7 0.7 0.7 0.8 0.7 0.7 0.8 0.8 0.8 1
Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products FA595013005 0.5 0.6 0.7 0.7 0.7 0.7 0.7 0.8 0.8 2
Pension funds; total financial assets (2) FA594090005 414.8 477.5 407.7 350.7 447.6 343.6 319.9 291.6 397.9 3
Pension funds; checkable deposits and currency; asset FA593020005 11.3 2.7 2.5 -2.2 -6.8 -0.2 -4.1 2.1 -1.6 4
Pension funds; total time and savings deposits; asset FA593030005 -11.2 0.3 -6.0 -0.5 -14.4 1.0 -15.0 26.4 5.4 5
Pension funds; money market fund shares; asset FA593034005 23.4 26.3 26.8 22.9 12.5 13.8 21.2 44.3 33.2 6
Pension funds; security repurchase agreements; asset FA592051005 16.5 3.9 27.6 28.7 -25.4 4.5 58.8 77.0 11.4 7
Pension funds; debt securities; asset FA594022005 8.8 326.5 363.8 318.0 465.0 246.9 153.3 407.1 -809.6 8
Pension funds; commercial paper; asset FA593069105 -7.2 2.0 13.7 -7.8 11.2 -2.0 -25.5 -15.1 -7.2 9
Pension funds; Treasury securities; asset (3) FA593061105 126.7 156.7 271.4 248.2 290.5 232.2 46.5 423.7 -945.8 10
Pension funds; agency- and GSE-backed securities; asset FA593061705 33.5 43.0 3.5 -13.0 30.0 -49.0 -44.8 11.7 43.7 11
Pension funds; municipal securities; asset FA593062045 -1.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.0 0.0 12
Pension funds; corporate and foreign bonds; asset FA593063005 -143.1 124.8 75.2 90.7 133.3 65.6 177.1 -13.2 99.8 13
Pension funds; loans; asset FA594023005 -2.1 0.4 0.1 -0.1 -0.7 10.5 -7.2 -3.1 1091.3 14
Federal government; other loans and advances due to federal government defined contribution retirement funds; liability FA313169003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1091.3 15
Pension funds; total mortgages; asset FA593065005 -2.1 0.4 0.1 -0.1 -0.7 10.5 -7.2 -3.1 0.0 16
Pension funds; corporate equities; asset FA593064105 -149.0 -152.7 -225.4 -183.8 -192.8 -215.4 -363.1 36.1 -225.9 17
Pension funds; mutual fund shares; asset FA593064205 30.4 47.2 -158.6 -109.3 -15.0 -79.8 -100.7 -241.4 -151.8 18
Pension funds; total miscellaneous assets FA593090005 486.7 223.0 376.9 276.9 225.4 362.4 576.8 -56.8 445.5 19
Pension funds; unallocated insurance contracts; asset (4) FA593095005 -2.2 34.4 22.1 11.6 7.2 2.2 7.4 29.7 38.2 20
Private pension funds; pension fund contributions receivable; asset FA573074005 -4.6 -2.4 -3.0 -3.9 -2.8 -2.5 -4.8 -5.7 -5.0 21
Pension funds; claims of pension fund on sponsor; asset (5) FA593073005 238.6 221.1 190.7 118.8 148.7 77.9 271.4 -23.0 355.4 22
Pension funds; unidentified miscellaneous assets FA593093005 254.9 -30.1 167.1 150.5 72.2 284.7 302.9 -57.8 57.0 23
Pension funds; total liabilities FA594190005 414.7 477.5 407.7 350.7 447.6 343.6 319.9 291.6 397.9 24
Households and nonprofit organizations; retirement assets (6) FA153050015 757.3 667.5 631.6 259.1 584.8 291.8 240.2 -80.3 ND 25
Defined benefit pension funds; pension entitlements (total liabilities) FA594190045 267.5 272.5 280.7 281.0 281.3 279.7 280.8 282.1 282.8 26
Defined contribution pension funds; total financial assets FA594090055 147.1 204.9 127.0 69.7 166.3 63.9 39.1 9.5 115.1 27
All sectors; IRAs; liability (7) FA893131573 345.0 161.6 285.5 -243.4 16.3 -244.7 -292.3 -452.8 ND 28
Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) FA543150015 -2.3 28.5 -61.5 151.8 120.9 192.9 212.5 80.9 ND 29

NOTES

  1. Private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans.
  2. Includes claims on sponsor (i.e., unfunded pension entitlements).
  3. Includes both marketable and nonmarketable government securities.
  4. Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
  5. Unfunded defined benefit pension entitlements.
  6. Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
  7. IRA assets are not included above. See memo item on table F.227 for a sectoral distribution of IRA accounts.
  8. Annuities held in IRAs are excluded. They are included in line 28.
Last Update: June 8, 2023