Financial Accounts of the United States - Z.1
S129.t Private and public pension funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving less net capital transfers paid | FA596000105 | 49.0 | 3.8 | 4.1 | 3.9 | 4.0 | 4.1 | 4.3 | 4.3 | 4.4 |
| Line 2 | Fixed nonresidential investment | FA595013005 | 9.8 | 10.1 | 10.3 | 10.2 | 10.2 | 10.3 | 10.4 | 10.5 | 10.7 |
| Line 3 | Net acquisition of financial assets(2) | FA594090005 | 512.5 | 263.8 | 291.7 | 223.9 | 307.9 | 275.8 | 359.0 | 248.9 | 131.1 |
| Line 4 | Checkable deposits and currency | FA593020005 | -5.9 | 30.5 | -10.1 | -39.5 | -39.3 | 28.9 | 9.4 | -3.3 | 1.4 |
| Line 5 | Time and savings deposits | FA593030005 | -4.1 | -2.8 | 0.3 | 0.2 | 0.1 | 0.6 | 0.3 | 0.6 | 0.9 |
| Line 6 | Debt securities | FA594022005 | 136.8 | 166.5 | 144.5 | 86.0 | -104.5 | 444.0 | 152.7 | 329.7 | 101.9 |
| Line 7 | Open market paper | FA593069105 | 0.8 | -0.6 | 1.8 | -2.6 | 2.3 | 4.0 | 3.4 | -27.7 | 3.7 |
| Line 8 | Treasury securities | FA593061105 | 127.4 | 96.6 | 101.8 | 44.0 | 25.6 | 171.9 | 165.8 | 134.1 | 55.9 |
| Line 9 | Agency- and GSE-backed securities | FA593061705 | 17.4 | 26.8 | 25.5 | 5.0 | 85.8 | 67.0 | -55.6 | 82.6 | 21.7 |
| Line 10 | Municipal securities | FA593062045 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 |
| Line 11 | Corporate and foreign bonds | FA593063005 | -8.8 | 43.6 | 15.4 | 39.6 | -218.2 | 201.0 | 39.1 | 140.7 | 20.6 |
| Line 12 | Loans | FA594035005 | 271.0 | 292.5 | 450.6 | 56.6 | -443.2 | 1096.2 | 1092.8 | 321.0 | 181.3 |
| Line 13 | Security repurchase agreements | FA592051005 | 11.8 | 49.5 | 66.6 | -3.0 | 4.0 | 127.4 | 138.1 | 189.5 | -33.2 |
| Line 14 | Other loans and advances(3) | FA343069005 | 254.1 | 241.7 | 387.4 | 62.7 | -446.9 | 975.1 | 958.7 | 136.9 | 215.5 |
| Line 15 | Mortgages | FA593065005 | 5.1 | 1.3 | -3.4 | -3.1 | -0.3 | -6.4 | -4.0 | -5.3 | -1.0 |
| Line 16 | Corporate equities | FA593064105 | -299.7 | -521.3 | 90.1 | 145.0 | -102.8 | 657.2 | -339.0 | -364.2 | -148.5 |
| Line 17 | Money market fund shares | FA593034005 | -1.6 | 9.4 | 34.5 | 15.1 | 52.5 | 51.8 | 18.7 | 28.0 | 24.8 |
| Line 18 | Mutual fund shares | FA593064205 | 76.8 | -51.4 | -401.7 | -131.9 | -119.2 | -1202.8 | -152.8 | -238.9 | -230.8 |
| Line 19 | Hedge fund shares | FA593064745 | -92.1 | -73.4 | -28.3 | -4.5 | -52.2 | -37.5 | -19.2 | 44.6 | 36.6 |
| Line 20 | Private debt fund shares | FA593064545 | 35.3 | 24.2 | 11.3 | 25.3 | 4.5 | -11.4 | 26.8 | -27.3 | -3.0 |
| Line 21 | Miscellaneous assets | FA593090005 | 396.0 | 389.7 | 0.5 | 71.6 | 1112.2 | -751.2 | -430.6 | 158.7 | 166.6 |
| Line 22 | Unallocated insurance contracts(4) | FA593095005 | -22.2 | 2.3 | 13.1 | 15.7 | 13.3 | 10.5 | 13.0 | 3.2 | 2.6 |
| Line 23 | Contributions receivable | FA573074005 | 4.1 | 2.1 | 3.2 | 1.9 | 0.2 | 8.1 | 2.3 | 8.9 | 13.1 |
| Line 24 | Claims of pension fund on sponsor(5) | FA593073005 | 293.1 | 183.8 | 82.8 | 997.9 | 702.3 | -717.5 | -651.7 | 177.0 | 77.7 |
| Line 25 | Other | FA593093005 | 121.0 | 201.4 | -98.5 | -944.0 | 396.4 | -52.4 | 205.8 | -30.3 | 73.2 |
| Line 26 | Net increase in pension entitlements (liabilities) | FA594190005 | 473.3 | 270.2 | 297.9 | 230.2 | 314.2 | 282.1 | 365.1 | 255.1 | 137.4 |
| Memo: | |||||||||||
| Line 27 | Household retirement assets(6) | FA153050015 | 579.6 | 862.2 | 683.0 | 414.8 | 569.2 | 817.1 | 930.9 | -492.1 | |
| Line 28 | Defined benefit plans | FA594190045 | 244.9 | 242.8 | 242.1 | 241.9 | 241.9 | 243.1 | 241.5 | 242.3 | 242.2 |
| Line 29 | Defined contribution plans | FA594090055 | 228.4 | 27.3 | 55.8 | -11.7 | 72.3 | 38.9 | 123.6 | 12.8 | -104.8 |
| Line 30 | Individual retirement plans (IRAs)(7) | FA893131573 | 46.2 | 508.6 | 405.5 | 185.9 | 296.8 | 599.4 | 540.1 | -778.0 | |
| Line 31 | Annuities at life insurance companies(8) | FA543150015 | 60.1 | 83.4 | -20.4 | -1.2 | -41.8 | -64.4 | 25.7 | 30.8 | |
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 the pension entitlements table (F6.2.t) for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in annuities at life insurance companies.
Last Update: September 11, 2026