Financial Accounts of the United States - Z.1
F.117 Private and Public Pension Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA596330005 | 1.2 | 2.3 | 2.5 | 2.4 | 2.4 | 2.5 | 2.5 | 2.5 | 2.6 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 4.3 | 4.9 | 5.3 | 5 | 5.1 | 5.2 | 5.3 | 5.3 | 5.4 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 302.9 | 409.1 | 494 | 386.2 | 380.2 | 520.8 | 467.5 | 492.2 | 495.6 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | 4.4 | -2.9 | 5.5 | -8 | 1.1 | -6.9 | 19.5 | 4.7 | 4.9 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 0.6 | 5 | -1.8 | -6 | 26.5 | -13.7 | -9.9 | 12.6 | 3.9 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | 10.1 | 10.2 | 10.8 | 19.3 | 22.4 | 7.9 | -5.4 | 27.2 | 13.6 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 20 | 21.9 | 15.2 | 54.3 | 58.2 | 26.7 | -146.6 | 156.8 | 23.7 | 7 |
| Pension funds; debt securities; asset | FA594022005 | 338.7 | 174.8 | 219.7 | 201.4 | 133.1 | 331 | 208.4 | 185 | 154.5 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | 12.9 | -6.9 | 5.1 | -34.9 | -11.1 | 3.1 | 5.2 | 10.1 | 1.9 | 9 |
| Pension funds; Treasury securities; asset | FA593061105 | 149.4 | 44.9 | 180.1 | 68.4 | 64.5 | 276.3 | 164 | 190.1 | 89.9 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | 39.7 | 2.5 | -1.2 | -15.4 | -1 | -32.8 | 79.1 | -51.2 | 0.3 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Pension funds; corporate and foreign bonds; asset | FA593063005 | 136.7 | 134.4 | 35.7 | 183.3 | 80.7 | 84.4 | -39.9 | 36 | 62.4 | 13 |
| Pension funds; loans; asset | FA594023005 | 162 | 246.1 | 253.7 | 83.7 | 295.4 | 19.2 | 324.4 | 38.8 | 632.2 | 14 |
| Federal government retirement funds; other loans and advances; asset (3) | FA343069005 | 161.1 | 245.6 | 254.1 | 80 | 299.7 | 17.6 | 327.1 | 38.3 | 633.4 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | 0.8 | 0.6 | -0.4 | 3.7 | -4.3 | 1.6 | -2.7 | 0.5 | -1.2 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | -397.8 | -183.3 | -190.6 | -119.8 | 42 | -491.9 | 32 | -134.5 | -168.2 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | -245.8 | -78.4 | -6 | -67.6 | -232.1 | 281.9 | -159.2 | -77.6 | -69 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 410.6 | 215.6 | 187.5 | 229 | 33.6 | 366.6 | 204.2 | 279 | -100 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 7.7 | 8.4 | 14 | 6.5 | 26.2 | 22 | 11.6 | 5.7 | 16.8 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -6.5 | -1.9 | -2.9 | -1.4 | -0.7 | -4.7 | -3.6 | -1.3 | -2.1 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 304.4 | 129.6 | 122.7 | 262.3 | -31.4 | 348.5 | 19 | 347.5 | -224.3 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | 105.1 | 79.5 | 53.7 | -38.4 | 39.6 | 0.8 | 177.3 | -72.8 | 109.6 | 23 |
| Pension funds; total liabilities | FA594190005 | 306 | 411.7 | 496.8 | 388.8 | 382.8 | 523.6 | 470.3 | 494.9 | 498.4 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 730.8 | 298 | ND | 143.9 | 462.9 | 620.2 | 778.1 | 416.2 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 295.2 | 374.8 | 406.9 | 384.8 | 406.4 | 407 | 406.8 | 405.8 | 407.7 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 10.9 | 36.9 | 90 | 4.1 | -23.6 | 116.5 | 63.5 | 89.1 | 90.7 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | 475 | -242.6 | ND | -437 | 38.2 | 28.2 | 196.9 | -22.9 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | -50.3 | 128.9 | ND | 192.1 | 41.8 | 68.4 | 110.9 | -55.9 | ND | 29 |
NOTES
- Private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
- Unfunded defined benefit pension entitlements.
- 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 item on table F.229 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 28.
Last Update: March 7, 2024