Financial Accounts of the United States - Z.1
F.117 Private and public pension funds1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving less net capital transfers paid | FA596000105 | 49.0 | 3.8 | 4.1 | 3.8 | 3.9 | 3.9 | 4.0 | 4.1 | 4.3 |
| Line 2 | Fixed nonresidential investment | FA595013005 | 9.8 | 10.1 | 10.3 | 10.2 | 10.1 | 10.2 | 10.2 | 10.3 | 10.4 |
| Line 3 | Net acquisition of financial assets2 | FA594090005 | 508.6 | 307.0 | 275.1 | 301.3 | 298.3 | 240.8 | 274.3 | 270.3 | 315.0 |
| Line 4 | Checkable deposits and currency | FA593020005 | -6.2 | 22.2 | -14.9 | 16.3 | 14.0 | -42.9 | -42.5 | 26.1 | -0.4 |
| Line 5 | Time and savings deposits | FA593030005 | -4.1 | -3.0 | -0.7 | -8.8 | -0.7 | -0.7 | -0.7 | -0.6 | -0.7 |
| Line 6 | Money market fund shares | FA593034005 | -1.8 | 13.5 | 33.4 | 2.0 | 16.7 | 8.0 | 48.2 | 49.2 | 28.1 |
| Line 7 | Security repurchase agreements | FA592051005 | 11.0 | 50.0 | 47.9 | 17.0 | 125.8 | -4.4 | 2.2 | 141.1 | 52.8 |
| Line 8 | Debt securities | FA594022005 | 122.2 | 230.8 | 213.2 | 208.6 | 136.0 | 128.3 | 213.7 | 330.8 | 180.2 |
| Line 9 | Open market paper | FA593069105 | 0.6 | -0.9 | -0.1 | -14.4 | 6.5 | -4.8 | 0.3 | 2.5 | 1.6 |
| Line 10 | Treasury securities | FA593061105 | 121.6 | 117.5 | 107.6 | 125.2 | 29.8 | 71.1 | 59.2 | 223.8 | 76.1 |
| Line 11 | Agency- and GSE-backed securities | FA593061705 | 15.4 | 33.8 | 48.2 | 59.4 | 25.0 | 16.3 | 98.4 | 40.3 | 38.1 |
| Line 12 | Municipal securities | FA593062045 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 13 | Corporate and foreign bonds | FA593063005 | -15.4 | 80.4 | 57.5 | 38.4 | 74.7 | 45.6 | 55.9 | 64.3 | 64.4 |
| Line 14 | Loans | FA594023005 | 259.1 | 245.2 | 390.4 | 275.9 | 477.3 | 65.4 | -442.8 | 977.3 | 961.7 |
| Line 15 | Other loans and advances3 | FA343069005 | 254.1 | 241.7 | 387.4 | 272.4 | 471.3 | 62.7 | -446.9 | 975.1 | 958.7 |
| Line 16 | Mortgages | FA593065005 | 5.0 | 3.5 | 3.0 | 3.4 | 6.1 | 2.8 | 4.1 | 2.2 | 3.0 |
| Line 17 | Corporate equities | FA593064105 | -312.4 | -249.6 | 41.6 | -224.4 | -190.7 | -205.4 | -173.9 | 724.7 | -178.9 |
| Line 18 | Mutual fund shares | FA593064205 | 76.0 | -181.5 | -562.2 | -223.6 | -186.1 | -241.4 | -291.0 | -1361.9 | -354.3 |
| Line 19 | Miscellaneous assets | FA593090005 | 364.8 | 179.3 | 126.3 | 238.2 | -94.1 | 533.8 | 961.1 | -616.3 | -373.5 |
| Line 20 | Unallocated insurance contracts4 | FA593095005 | -26.2 | 2.2 | -1.1 | 1.7 | 2.6 | 1.9 | -0.8 | -4.5 | -1.1 |
| Line 21 | Contributions receivable | FA573074005 | 4.1 | 3.7 | 4.6 | 3.8 | 3.8 | 3.9 | 3.4 | 7.1 | 3.9 |
| Line 22 | Claims of pension fund on sponsor5 | FA593073005 | 292.9 | 243.4 | 145.8 | 231.6 | 5.4 | 513.8 | 947.3 | -492.5 | -385.5 |
| Line 23 | Other | FA593093005 | 94.0 | -69.9 | -23.0 | 1.1 | -105.9 | 14.2 | 11.2 | -126.5 | 9.2 |
| Line 24 | Net increase in pension entitlements (liabilities) | FA594190005 | 469.4 | 313.4 | 281.3 | 307.7 | 304.5 | 247.1 | 280.6 | 276.5 | 321.1 |
| Memo: | |||||||||||
| Line 25 | Household retirement assets6 | FA153050015 | 988.7 | 929.6 | 804.9 | 1124.6 | 421.4 | 525.9 | 866.3 | ||
| Line 26 | Defined benefit plans | FA594190045 | 244.9 | 242.6 | 241.0 | 242.7 | 242.6 | 240.8 | 240.8 | 242.0 | 240.4 |
| Line 27 | Defined contribution plans | FA594090055 | 224.5 | 70.8 | 40.3 | 65.1 | 61.9 | 6.4 | 39.8 | 34.5 | 80.7 |
| Line 28 | Individual retirement plans (IRAs)7 | FA893131573 | 454.4 | 531.7 | 483.8 | 690.3 | 150.5 | 257.8 | 569.9 | ||
| Line 29 | Annuities at life insurance companies8 | FA543150015 | 64.8 | 84.5 | 13.4 | 129.9 | 23.8 | -12.5 | 19.9 | ||
Notes:
- Sum of private, state and local government employee, and federal government employee defined benefit and defined contribution pension 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: 2026-03-19