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B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Assets 72330.9 76265.0 77272.1 83169.6 92669.2 85887.2 87435.7 89900.3 92669.2 93888.8 95441.2 1

 2 Nonfinancial assets 23677.1 23318.2 23347.2 25047.8 27669.2 25741.9 26468.1 27087.3 27669.2 28111.0 28391.6 2

 3 Financial assets 48653.8 52946.9 53925.0 58121.8 65000.1 60145.3 60967.6 62813.0 65000.1 65777.8 67049.6 3

 4 Deposits 8098.0 8071.9 8746.6 9263.4 9630.5 9295.8 9282.3 9401.0 9630.5 9829.7 9861.0 4

 5 Credit market instruments 4827.7 4912.3 4374.0 4169.1 3848.8 4016.0 3936.7 3862.7 3848.8 3633.8 3535.9 5

 6 Equity shares at market value 13134.3 15462.6 14927.6 17048.5 22076.5 18715.7 19197.5 20507.3 22076.5 22478.3 23499.5 6

 7 Directly held 7255.5 8679.9 8475.6 9623.9 12451.3 10590.4 10868.7 11595.5 12451.3 12622.1 13306.7 7

 8 Indirectly held 5878.8 6782.7 6451.9 7424.6 9625.1 8125.3 8328.8 8911.7 9625.1 9856.2 10192.8 8

 9 Life insurance companies 1220.3 1420.5 1395.7 1556.5 1825.5 1654.4 1678.8 1733.8 1825.5 1846.3 1894.0 9

 10 Private pension funds (1) 1877.8 2178.5 2088.6 2364.1 3063.1 2607.1 2684.4 2854.6 3063.1 3118.0 3236.1 10

 11 State and local govt. retirement funds (1) 222.6 247.5 221.5 239.9 296.4 259.6 261.5 277.3 296.4 298.2 305.4 11

 12 Federal govt. retirement funds (1) 105.3 128.5 124.0 138.3 195.0 157.3 163.3 174.2 195.0 200.8 210.5 12

 13 Mutual funds 2452.8 2807.6 2622.2 3125.8 4245.2 3447.0 3540.7 3871.8 4245.2 4393.0 4546.7 13

 14 Other 22593.8 24500.1 25876.8 27640.8 29444.3 28117.8 28551.1 29042.1 29444.3 29836.1 30153.2 14

 15 Liabilities 14062.1 13781.5 13574.0 13646.1 13801.2 13596.9 13621.5 13740.4 13801.2 13786.5 13948.4 15

 16 Net worth 58268.8 62483.6 63698.1 69523.5 78868.0 72290.3 73814.1 76159.9 78868.0 80102.4 81492.8 16

 Memo:

 Equity shares (line 6) as a percent of

 17 Total assets (line 1) 18.2 20.3 19.3 20.5 23.8 21.8 22.0 22.8 23.8 23.9 24.6 17

 18 Financial assets (line 3) 27.0 29.2 27.7 29.3 34.0 31.1 31.5 32.6 34.0 34.2 35.0 18

(1) Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 14.
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F.100.a Nonprofit Organizations (1)

Billions of dollars

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Net lending (+) or net borrowing (-) 53.5 42.1 21.7 8.8 23.3 11.1 52.5 48.5 83.6 9.2 1.5 -6.0 39.6 1

 2 Net acquisition of financial assets 70.9 75.8 53.8 46.4 53.0 45.2 76.5 84.9 120.0 47.4 55.0 28.8 108.1 2

 3 Checkable deposits and currency 0.5 -1.0 1.3 4.0 1.2 1.7 -2.5 2.3 8.3 2.9 3.1 2.3 5.1 3

 4 Time and savings deposits -0.2 5.4 -6.2 10.4 -2.4 -1.5 0.2 0.2 1.1 0.3 1.1 0.6 0.8 4

 5 Money market fund shares -13.1 4.9 -1.2 32.9 4.0 -13.8 1.1 1.2 9.4 -1.8 7.1 3.8 4.5 5

 6 Security repurchase agreements (2) 0.4 3.1 -2.2 -1.3 6.0 0.5 0.2 0.2 1.4 0.0 1.3 0.7 0.8 6

 7 Credit market instruments 54.9 21.9 22.2 -17.6 10.9 25.5 16.6 38.8 36.7 23.1 36.4 46.7 32.6 7

 8 Open market paper 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 2.0 4.1 1.3 3.0 4.7 12.4 8

 9 Treasury securities 6.4 13.8 4.8 6.1 6.8 5.1 6.4 16.4 13.9 8.9 11.6 17.5 5.4 9

10 Agency- and GSE-backed securities 4.5 2.6 4.6 3.6 3.1 2.3 2.9 7.6 6.4 4.1 5.4 8.1 2.5 10

11 Municipal securities 0.0 0.5 -0.5 0.0 0.2 0.3 0.4 0.1 0.0 -0.1 0.1 0.1 0.0 11

12 Corporate and foreign bonds 6.6 9.7 8.2 7.9 5.6 4.5 2.4 11.9 11.7 8.3 15.4 15.4 10.5 12

13 Mortgages -0.8 0.9 -0.7 -0.1 0.9 0.9 -0.1 0.9 0.6 0.6 0.9 0.8 1.7 13

14 Corporate equities 5.2 16.1 15.0 -18.6 18.6 8.9 45.1 -10.4 21.0 -30.6 -40.7 -67.4 15.4 14

15 Mutual fund shares -1.0 2.6 1.2 -3.3 0.7 -0.7 1.5 1.3 2.4 -1.0 0.4 -3.3 -1.0 15

16 Security credit 2.8 2.8 2.6 2.0 1.1 0.8 2.0 1.5 3.4 3.7 4.6 1.1 4.3 16

17 Trade receivables (2) 2.8 2.8 2.6 2.0 1.1 1.8 2.1 1.6 3.5 2.6 4.6 1.1 4.3 17

18 Equity in noncorporate business -0.1 -3.9 -6.0 15.2 10.6 7.0 0.2 10.2 8.4 9.7 12.5 12.0 16.3 18

19 Miscellaneous assets (2) 18.6 21.0 24.5 20.5 1.2 15.0 10.1 38.0 24.4 38.3 24.7 31.2 25.0 19

20 Net increase in liabilities 17.3 33.6 32.1 37.6 29.7 34.1 24.0 36.4 36.3 38.2 53.5 34.7 68.5 20

21 Credit market instruments 7.5 11.7 11.8 14.3 10.0 13.8 2.4 -0.6 11.0 10.6 23.4 13.5 19.3 21

22 Municipal securities 1.5 3.2 3.0 3.8 2.4 1.1 3.2 0.2 6.1 7.1 11.8 10.4 5.8 22

23 Depository institution loans n.e.c. 1.6 1.4 1.4 1.6 1.2 2.0 -0.2 -0.1 0.8 0.6 1.9 0.5 2.2 23

24 Other loans and advances -0.0 -0.0 0.3 0.4 -0.2 0.1 0.1 -0.1 0.0 -0.2 -0.1 0.1 -0.3 24

25 Commercial mortgages 4.4 7.2 7.2 8.6 6.6 10.7 -0.8 -0.6 4.1 3.1 9.9 2.5 11.6 25

26 Trade payables 2.4 16.2 9.3 9.4 5.9 6.0 5.2 7.9 8.0 8.9 8.7 4.1 3.8 26

27 Miscellaneous liabilities (2) 7.4 5.8 10.9 13.8 13.8 14.3 16.5 29.1 17.3 18.7 21.4 17.0 45.4 27

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table F.100.
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L.100.a Nonprofit Organizations (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Total financial assets 590.7 710.5 742.1 828.1 890.2 957.1 1025.5 1214.0 1414.1 1607.3 1793.9 1974.7 2003.8 1

 2 Checkable deposits and currency 17.0 15.9 17.3 21.3 22.5 24.1 21.6 23.9 32.1 35.0 38.1 40.4 45.5 2

 3 Time and savings deposits 1.5 6.8 0.6 11.1 8.7 7.1 7.3 7.5 8.6 8.9 10.0 10.6 11.4 3

 4 Money market fund shares 15.9 20.8 19.6 52.5 56.5 42.7 43.8 45.1 54.5 52.7 59.8 63.6 68.1 4

 5 Security repurchase agreements (2) 1.7 4.8 2.5 1.3 7.3 7.8 8.0 8.2 9.6 9.6 10.9 11.6 12.5 5

 6 Credit market instruments 229.3 251.2 273.4 255.9 266.8 292.3 308.9 347.7 384.4 407.6 443.9 490.6 523.2 6

 7 Open market paper 93.6 87.9 93.7 58.5 52.7 65.0 69.7 71.7 75.8 77.1 80.2 84.9 97.3 7

 8 Treasury securities 55.7 69.5 74.3 80.3 87.1 92.2 98.5 114.9 128.8 137.6 149.2 166.8 172.2 8

 9 Agency- and GSE-backed securities 26.3 28.9 33.5 37.1 40.3 42.6 45.5 53.1 59.5 63.6 69.0 77.1 79.6 9

10 Municipal securities 0.1 0.6 0.1 0.2 0.4 0.8 1.1 1.2 1.3 1.2 1.3 1.5 1.5 10

11 Corporate and foreign bonds 51.1 60.8 69.0 77.0 82.6 87.1 89.5 101.4 113.1 121.4 136.8 152.2 162.6 11

12 Mortgages 2.6 3.5 2.8 2.8 3.7 4.6 4.5 5.3 6.0 6.6 7.4 8.3 10.0 12

13 Corporate equities 145.8 203.0 197.5 214.6 241.1 270.2 308.2 397.1 494.7 604.9 692.0 769.3 708.6 13

14 Mutual fund shares 10.2 15.8 15.3 15.9 17.7 18.5 19.0 24.6 30.4 34.5 38.7 42.7 38.8 14

15 Security credit 25.7 28.5 31.1 33.1 34.3 35.0 37.1 38.6 42.0 45.8 50.3 51.5 55.8 15

16 Trade receivables (2) 25.7 28.5 31.1 33.1 34.3 36.1 38.1 39.7 43.2 45.8 50.3 51.5 55.8 16

17 Equity in noncorporate business 26.1 22.2 16.2 31.4 42.0 49.0 49.2 59.4 67.8 77.5 90.0 102.0 118.3 17

18 Miscellaneous assets (2) 92.0 112.9 137.4 158.0 159.2 174.2 184.3 222.2 246.7 285.0 309.7 340.9 365.9 18

19 Liabilities 253.8 287.5 319.5 357.1 386.8 421.0 444.9 481.4 517.7 555.8 609.3 644.1 712.5 19

20 Credit market instruments 154.4 166.1 177.9 192.3 202.3 216.1 218.5 217.9 228.9 239.5 262.9 276.4 295.7 20

21 Municipal securities 79.6 82.7 85.7 89.5 91.9 93.0 96.1 96.4 102.4 109.6 121.3 131.7 137.5 21

22 Depository institution loans n.e.c. 11.8 13.1 14.5 16.1 17.3 19.3 19.2 19.1 19.8 20.4 22.3 22.7 24.9 22

23 Other loans and advances 0.3 0.3 0.5 0.9 0.7 0.8 0.9 0.8 0.9 0.7 0.6 0.7 0.4 23

24 Commercial mortgages 62.7 70.0 77.2 85.8 92.3 103.0 102.2 101.6 105.7 108.8 118.7 121.2 132.8 24

25 Trade payables 41.3 57.4 66.8 76.2 82.1 88.1 93.2 101.1 109.1 118.0 126.8 130.9 134.7 25

26 Miscellaneous liabilities (2) 58.2 63.9 74.8 88.6 102.5 116.8 133.3 162.4 179.7 198.4 219.7 236.8 282.1 26

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table L.100.
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F.105.c Consolidated Statement for Federal, State, and Local Governments

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Current receipts, NIPA basis 3689.0 3885.0 4077.6 4301.0 4788.6 4648.8 4896.0 4715.6 4894.1 4929.5 4973.3 1

 2 Personal current taxes 1144.9 1191.5 1400.6 1503.7 1661.8 1636.8 1660.6 1661.5 1688.1 1711.8 1723.7 2

 3 Taxes on production and imports 1026.1 1057.1 1102.6 1132.0 1162.4 1154.8 1152.2 1167.1 1175.7 1184.5 1195.3 3

 4 Taxes on corporate income 246.0 346.3 349.6 422.7 440.2 442.0 425.9 433.6 459.3 525.9 565.1 4

 5 Taxes from the rest of the world 14.8 15.7 16.7 18.0 19.2 18.6 18.6 19.9 19.6 20.4 17.9 5

 6 Contributions for govt. social insurance 969.4 989.0 922.2 955.8 1109.9 1096.0 1107.5 1113.2 1122.9 1152.2 1166.9 6

 7 Income receipts on assets 136.3 137.2 135.6 132.3 244.4 152.8 378.9 173.5 272.4 187.3 159.6 7

 8 Current transfer receipts 172.0 171.1 174.7 161.8 180.4 175.5 181.9 177.0 187.0 178.5 178.6 8

 9 Current surplus of government enterprises -20.6 -22.9 -24.5 -25.3 -29.6 -27.8 -29.6 -30.1 -31.0 -31.1 -33.6 9

10 Current expenditures, NIPA basis 5209.7 5451.0 5537.6 5612.7 5662.9 5612.9 5678.4 5695.3 5665.0 5730.5 5789.4 10

11 Consumption expenditures 2442.1 2522.2 2530.9 2549.7 2547.6 2543.6 2544.9 2555.9 2545.9 2564.5 2572.7 11

12 Government social benefits 2117.5 2250.5 2274.8 2325.7 2391.1 2371.5 2381.0 2403.1 2408.7 2446.8 2486.2 12

13 Other current transfer payments 49.4 49.7 55.6 48.8 46.4 45.6 49.6 51.1 39.2 43.0 2.2 13

14 Interest payments 542.4 572.7 616.4 630.4 617.7 592.2 641.6 624.6 612.3 618.6 672.0 14

15 Subsidies 58.3 55.9 60.1 58.0 60.2 60.0 61.1 60.6 58.9 57.7 56.5 15

16 Net saving, NIPA basis -1520.8 -1566.0 -1460.1 -1311.7 -874.3 -964.2 -782.3 -979.7 -770.9 -801.0 -816.1 16

17 + Consumption of fixed capital 442.7 458.1 479.6 496.0 506.4 501.5 504.5 507.8 511.8 515.2 518.5 17

18 - Insurance and pension fund reserves (1) 0.5 -1.7 -0.4 -1.4 -1.2 -1.7 -0.5 -2.7 0.0 -1.8 0.0 18

19 - Contr. for govt. soc. insur., U.S.-affiliated areas 5.0 4.9 4.4 4.6 5.4 5.3 5.4 5.4 5.4 5.6 5.6 19

20 - Net capital transfers (2) -3.4 8.1 7.6 5.8 -13.2 -7.4 -11.8 -15.4 -18.1 -13.4 -13.7 20

21 = Gross saving less net capital transfers -1080.1 -1119.3 -992.1 -824.7 -358.8 -458.8 -270.9 -459.2 -246.4 -276.2 -289.6 21

22 Gross investment -1086.3 -1062.1 -1021.4 -727.4 -333.2 -618.4 72.6 -572.0 -215.1 -365.6 5.0 22

23 Fixed investment 647.0 651.8 637.9 619.4 596.3 592.4 597.4 598.7 596.7 574.6 588.4 23

24 Nonproduced nonfinancial assets 3.4 9.6 8.3 6.8 6.5 7.1 6.2 5.3 7.5 7.3 6.4 24

25 Net lending (+) or net borrowing (-) -1736.8 -1723.5 -1667.6 -1353.6 -936.1 -1217.9 -531.1 -1176.0 -819.4 -947.5 -589.8 25

26 Net acquisition of financial assets 271.2 348.1 -132.7 185.0 249.3 306.5 241.0 -46.4 496.2 285.7 221.9 26

27 U.S. official reserve assets 51.9 1.6 16.2 4.3 -3.3 3.3 -1.0 -4.2 -11.2 -4.0 3.0 27

28 Checkable deposits and currency -154.7 154.5 -241.0 -2.7 76.3 0.6 122.1 -164.8 347.2 -26.1 -103.7 28

29 Time and savings deposits 10.3 -5.8 15.3 19.7 11.9 14.4 -6.3 29.3 10.2 47.8 -28.3 29

30 Money market fund shares 10.0 14.1 3.7 7.9 4.7 15.0 3.2 -2.0 2.5 11.8 16.5 30

31 Security repurchase agreements -4.1 -1.1 -3.4 6.7 4.2 12.3 3.0 -1.1 2.5 9.9 13.7 31

32 Credit market instruments 292.9 143.2 1.6 112.0 108.5 195.9 90.7 62.8 84.6 150.6 152.7 32

33 Open market paper -39.0 13.2 -11.1 -5.9 -8.1 -2.6 -9.0 -11.6 -9.4 -5.0 -3.4 33

34 Agency- and GSE-backed securities (3) 152.3 -23.5 -125.0 -33.4 -13.8 18.6 -18.6 -34.3 -20.8 6.9 19.3 34

35 Municipal securities 1.0 1.4 0.4 0.5 0.2 1.1 0.1 -0.4 0.0 0.8 1.2 35

36 Corporate and foreign bonds 4.1 8.1 -0.6 5.8 2.4 13.1 0.8 -4.5 0.1 9.8 14.5 36

37 Mortgages 21.2 8.1 5.5 11.0 8.1 25.0 1.9 -0.9 6.5 14.8 21.4 37

38 Consumer credit 87.9 133.1 128.5 132.1 113.1 132.4 106.6 107.0 106.2 116.3 100.0 38

39 Other loans and advances (4) 65.4 2.8 3.9 2.0 6.7 8.3 8.9 7.4 2.0 6.9 -0.4 39

40 Corporate equities -1.7 24.0 37.8 -10.0 -3.5 1.9 -2.3 -12.7 -1.0 4.7 6.7 40

41 Mutual fund shares 1.7 2.9 0.3 1.6 0.7 3.6 0.2 -1.2 0.0 2.7 4.0 41

42 Trade receivables -25.7 12.4 7.1 8.4 6.9 -0.8 20.9 4.5 3.0 9.5 8.0 42

43 Taxes receivable 30.1 28.0 27.6 29.9 30.9 44.1 17.1 25.9 36.6 56.8 115.1 43

44 Miscellaneous assets 60.5 -25.8 1.9 7.1 12.1 16.0 -6.7 17.1 21.8 22.0 34.2 44

45 Net increase in liabilities 2008.0 2071.6 1534.8 1538.7 1185.4 1524.4 772.1 1129.7 1315.6 1233.2 811.7 45

46 SDR allocations 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 SDR certificates 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Treasury currency -0.4 -0.3 0.0 0.0 -0.4 0.0 0.0 -1.4 0.0 0.0 0.0 48

49 Credit market instruments 1573.0 1641.1 1046.1 1088.3 734.2 1075.4 400.7 287.4 1173.3 701.0 277.7 49

50 U.S. savings securities -2.8 -3.3 -2.7 -2.8 -3.3 -2.8 -3.6 -3.4 -3.4 -3.3 -3.0 50

51 Treasury bills and other Treasury securities (4) 1463.5 1575.0 1101.3 1097.1 777.3 1023.1 407.7 400.1 1278.2 745.2 245.5 51

52 Budget agency securities 0.1 0.7 1.1 -0.4 -0.4 -1.0 1.3 0.5 -2.4 -1.9 0.1 52

53 Municipal securities 112.2 68.7 -53.6 -5.7 -39.4 56.0 -4.8 -109.9 -99.1 -39.0 35.2 53

54 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

55 Trade payables -17.3 43.7 47.2 54.2 56.5 42.7 64.7 61.7 56.8 44.7 72.8 55

56 Insurance reserves 1.1 0.9 1.3 0.3 0.3 0.2 0.8 -0.5 0.5 -0.0 0.6 56

57 Miscellaneous liabilities (5) 400.9 386.2 440.3 395.9 394.9 406.1 305.9 782.5 85.0 487.5 460.6 57

58 Discrepancy 6.2 -57.2 29.2 -97.2 -25.6 159.6 -343.4 112.8 -31.3 89.5 -294.6 58

 Memo:

59 Net govt. saving less fixed investment (6) -2167.8 -2217.8 -2097.9 -1931.1 -1470.6 -1556.5 -1379.8 -1578.4 -1367.7 -1375.6 -1404.5 59

60 Adjustment between NIPA and FOF (7) 431.0 494.3 430.4 577.5 534.5 338.6 848.7 402.4 548.3 428.1 814.7 60

61 Items to be financed (8) -1736.8 -1723.5 -1667.6 -1353.6 -936.1 -1217.9 -531.1 -1176.0 -819.4 -947.5 -589.8 61

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(2) Table F.9, line 60 less line 12.

(3) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(4) Excludes transactions with state and local governments.

(5) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund,

 and foreign service retirement and disability fund.

(6) Line 16 less line 23.

(7) Line 17 less the sum of lines 18, 19, 20, 24, and 58.

(8) Line 59 plus line 60.
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L.105.c Consolidated Statement for Federal, State, and Local Governments

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3456.5 3766.1 3582.9 3776.3 4042.3 3849.4 3922.2 3927.0 4042.3 4102.6 4148.7 1

 2 U.S. official reserve assets 94.3 95.1 110.9 114.2 109.8 111.6 111.3 112.6 109.8 109.3 110.6 2

 3 Checkable deposits and currency 292.9 446.9 205.8 209.4 286.9 194.0 246.6 203.6 286.9 263.8 259.8 3

 4 Time and savings deposits 248.4 242.6 257.9 291.5 303.5 295.1 293.6 300.9 303.5 315.4 308.3 4

 5 Money market fund shares 136.1 150.2 154.0 161.9 166.6 165.6 166.4 165.9 166.6 169.5 173.7 5

 6 Security repurchase agreements 126.1 125.0 121.6 128.3 132.5 131.4 132.1 131.9 132.5 135.0 138.4 6

 7 Credit market instruments 1631.2 1774.9 1774.2 1884.3 1991.7 1942.6 1953.3 1980.9 1991.7 2039.9 2066.7 7

 8 Open market paper 88.9 102.1 91.0 85.1 76.9 84.4 82.2 79.3 76.9 75.7 74.8 8

 9 Agency- and GSE-backed securities (1) 686.6 663.1 538.1 504.7 490.9 509.3 504.7 496.1 490.9 492.6 497.5 9

10 Municipal securities 11.5 12.9 13.2 13.7 13.9 14.0 14.0 13.9 13.9 14.1 14.4 10

11 Corporate and foreign bonds 157.3 165.5 164.9 170.7 173.1 174.0 174.2 173.1 173.1 175.5 179.2 11

12 Mortgages 301.4 310.1 313.3 322.3 329.3 328.2 328.4 327.9 329.3 332.9 338.0 12

13 Consumer credit 223.1 356.2 484.7 616.8 729.8 659.5 674.6 713.5 729.8 769.6 783.6 13

14 Other loans and advances (2) 162.3 165.1 169.0 171.0 177.7 173.1 175.3 177.2 177.7 179.4 179.3 14

15 Corporate equities 179.1 176.2 183.0 180.6 202.7 190.6 192.1 194.2 202.7 205.3 211.0 15

16 Mutual fund shares 48.5 58.4 59.3 67.3 81.2 73.1 74.3 76.7 81.2 82.6 85.7 16

17 Trade receivables 182.8 195.1 202.2 210.6 217.5 210.7 217.0 218.0 217.5 219.7 223.1 17

18 Taxes receivable 250.9 262.1 272.8 279.9 289.6 282.2 284.8 287.4 289.6 296.2 297.0 18

19 Miscellaneous assets 266.3 239.5 241.3 248.3 260.4 252.4 250.7 255.0 260.4 265.9 274.5 19

20 Total liabilities 15120.1 17254.9 18760.1 19979.4 20454.0 20189.4 20177.3 20302.2 20454.0 20820.8 20788.0 20

21 SDR allocations 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 54.6 21

22 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 22

23 Treasury currency 26.2 25.9 25.9 25.9 25.6 25.9 25.9 25.6 25.6 25.6 25.6 23

24 Credit market instruments 10174.7 11815.7 12861.9 13950.1 14684.3 14291.9 14263.3 14327.4 14684.3 14937.0 14874.2 24

25 U.S. savings securities 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 177.7 25

26 Treasury bills and other Treasury securities (3) 7005.0 8580.0 9681.3 10778.4 11555.7 11106.6 11086.9 11185.3 11555.7 11819.1 11754.5 26

27 Budget agency securities 23.5 24.2 25.3 24.9 24.5 24.6 25.0 25.1 24.5 24.0 24.0 27

28 Municipal securities 2954.9 3023.6 2970.0 2964.3 2924.9 2978.9 2970.4 2937.0 2924.9 2915.5 2918.0 28

29 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Trade payables 835.0 878.7 925.9 980.0 1036.5 998.2 1016.7 1030.4 1036.5 1055.4 1075.2 30

31 Insurance reserves 47.5 48.4 49.7 50.0 50.3 50.1 50.2 50.1 50.3 50.3 50.4 31

32 Miscellaneous liabilities (4) 3976.1 4426.6 4837.3 4913.9 4597.7 4765.2 4762.9 4809.2 4597.7 4692.8 4702.9 32

(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(2) Excludes loans to state and local governments.

(3) Excludes Treasury securities owed to state and local governments.

(4) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund,

 and foreign service retirement and disability fund.
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F.115.g Life Insurance Companies: General Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net acquisition of financial assets 92.1 126.9 176.4 56.5 84.6 71.5 31.7 80.7 154.5 200.8 89.8 1

 2 Checkable deposits and currency -27.4 -2.0 3.0 1.4 -4.8 4.5 -38.7 36.2 -21.2 13.8 -6.1 2

 3 Money market fund shares -5.5 -12.7 7.9 -1.4 -5.9 -27.4 -6.2 10.0 0.1 -5.4 -5.6 3

 4 Security repurchase agreements 2.2 0.7 -0.8 -1.6 -0.0 -6.9 -0.5 5.4 2.0 -6.2 -1.9 4

 5 Credit market instruments 139.0 111.7 122.4 37.9 70.1 47.7 72.3 43.7 116.6 135.4 103.2 5

 6 Open market paper 15.5 -12.0 -12.6 15.9 1.4 -11.5 -6.2 3.5 19.7 6.6 -13.3 6

 7 Treasury securities 26.1 15.2 10.3 1.3 -11.3 -18.3 -10.8 -8.0 -8.2 5.0 3.5 7

 8 Agency- and GSE-backed securities 2.7 -5.6 -1.5 -4.9 -6.6 -5.2 -5.4 -10.9 -4.7 -2.0 -3.4 8

 9 Municipal securities 25.9 39.5 9.2 9.0 9.2 9.6 9.7 7.2 10.3 8.3 10.8 9

10 Corporate and foreign bonds 93.4 83.4 93.3 1.6 57.0 72.5 64.3 25.1 66.1 96.6 83.7 10

11 Other loans and advances -12.6 -0.2 7.9 1.9 3.5 -3.3 6.9 3.5 7.0 8.0 6.3 11

12 Mortgages -12.0 -8.6 15.8 13.1 16.9 3.9 13.9 23.3 26.4 12.8 15.7 12

13 Corporate equities 1.5 4.0 0.3 -2.5 0.8 -9.3 6.5 -15.6 21.7 2.7 8.7 13

14 Mutual fund shares -0.1 -0.1 0.7 0.2 -0.2 -0.7 -0.1 0.0 0.0 0.0 0.0 14

15 U.S. direct investment abroad 1.6 1.9 3.3 5.2 1.2 0.1 4.1 -0.5 1.0 -0.3 -4.3 15

16 Miscellaneous assets -19.2 23.4 39.7 17.3 23.4 63.5 -5.6 1.4 34.2 60.8 -4.2 16

17 Net increase in liabilities 12.4 91.2 151.2 17.8 68.7 46.8 38.2 86.8 102.8 157.3 59.1 17

18 Security repurchase agreements -0.5 -2.2 0.1 3.1 -0.8 0.5 0.6 -1.8 -2.5 0.8 -0.5 18

19 Corporate equity issues -0.9 -4.8 -11.5 -9.9 -9.2 -6.6 -9.7 -10.7 -9.6 -14.3 -11.7 19

20 Other loans and advances -6.6 -3.2 1.8 4.8 7.8 5.2 6.5 -2.9 22.5 7.7 8.0 20

21 Life insurance reserves 36.8 32.0 73.0 -6.2 28.3 10.1 26.5 44.3 32.4 62.7 4.4 21

22 Pension entitlements (1) -122.7 21.5 36.0 9.6 21.8 48.4 8.6 15.7 14.4 63.6 -11.9 22

23 Taxes payable (net) -7.0 2.6 5.2 -4.6 -2.3 -0.6 -6.7 0.0 -1.8 5.0 -1.0 23

24 Foreign direct investment in U.S. 11.1 6.3 -5.4 1.4 5.1 6.4 10.4 6.8 -3.3 5.8 13.1 24

25 Miscellaneous liabilities 102.3 39.1 52.0 19.7 17.9 -16.5 2.1 35.3 50.8 26.0 58.5 25

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are included in miscellaneous liabilities (line 25).

F.115.s Life Insurance Companies: Separate Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 24.3 54.6 52.6 70.5 18.1 25.4 -10.3 35.2 21.9 24.3 110.7 1

 2 Checkable deposits and currency -4.7 3.0 -0.9 1.3 -4.4 -4.7 -4.6 -4.3 -4.1 -2.1 -2.1 2

 3 Credit market instruments 0.8 39.9 3.0 36.4 7.3 6.8 7.1 7.5 7.8 -2.0 -2.0 3

 4 Open market paper -4.0 3.1 1.4 -2.0 1.8 1.7 1.8 1.8 1.8 0.5 0.5 4

 5 Treasury securities 1.6 8.0 8.5 4.2 -0.9 -0.9 -0.9 -0.9 -0.9 0.8 0.8 5

 6 Agency- and GSE-backed securities 3.1 9.6 -0.0 -8.5 -0.2 -0.2 -0.2 -0.2 -0.2 -7.9 -7.9 6

 7 Municipal securities 0.2 -0.3 0.2 0.7 0.9 0.9 0.9 1.0 1.0 0.9 0.9 7

 8 Corporate and foreign bonds 4.2 19.5 -6.2 43.3 3.8 3.6 3.8 3.9 4.1 3.2 3.2 8

 9 Other loans and advances -0.0 -0.0 -0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Mortgages -4.3 -0.0 -0.8 -1.1 1.9 1.8 1.9 2.0 2.0 0.5 0.5 10

11 Corporate equities 31.9 41.6 37.5 17.7 12.6 12.1 12.7 12.8 12.8 28.6 28.6 11

12 Mutual fund shares 0.1 1.1 0.4 1.1 1.5 2.0 1.4 1.4 1.4 1.4 1.4 12

13 Miscellaneous assets -3.8 -31.0 12.7 13.9 1.0 9.2 -26.9 17.9 4.0 -1.7 84.8 13

14 Net increase in liabilities 19.8 53.8 52.5 72.7 18.5 27.5 -10.9 35.7 21.6 24.3 110.9 14

15 Life insurance reserves -10.5 -18.4 6.9 -5.9 1.4 1.4 1.4 1.4 1.4 1.9 12.2 15

16 Pension entitlements (1) 43.2 51.1 49.2 70.7 16.4 29.2 17.1 10.4 8.7 7.0 77.3 16

17 Miscellaneous liabilities -12.8 21.1 -3.5 7.9 0.7 -3.1 -29.4 23.8 11.5 15.4 21.4 17

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are included in miscellaneous liabilities (line 17).
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L.115.g Life Insurance Companies: General Accounts

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3208.3 3335.5 3512.5 3570.3 3657.0 3591.0 3599.7 3630.2 3657.0 3708.5 3734.6 1

 2 Checkable deposits and currency 34.4 32.4 35.3 36.7 31.9 37.8 28.1 37.2 31.9 35.4 33.8 2

 3 Money market fund shares 33.7 21.0 28.8 27.5 21.6 20.6 19.1 21.6 21.6 20.2 18.8 3

 4 Security repurchase agreements 10.2 10.9 10.1 8.5 8.5 6.8 6.6 8.0 8.5 6.9 6.5 4

 5 Credit market instruments 2775.3 2887.0 3009.3 3047.3 3117.3 3056.1 3076.2 3092.4 3117.3 3147.6 3175.6 5

 6 Open market paper 33.2 21.2 8.6 24.5 25.9 19.8 19.7 24.0 25.9 25.2 23.5 6

 7 Treasury securities 113.7 128.9 139.2 140.5 129.2 135.9 133.2 131.2 129.2 130.4 131.3 7

 8 Agency- and GSE-backed securities 289.2 283.5 282.0 277.1 270.5 275.8 274.4 271.7 270.5 270.0 269.1 8

 9 Municipal securities 68.8 108.3 117.5 126.6 135.7 129.0 131.4 133.2 135.7 137.8 140.5 9

10 Corporate and foreign bonds 1814.3 1897.7 1991.0 1992.6 2049.6 2010.8 2026.8 2033.1 2049.6 2073.8 2094.7 10

11 Other loans and advances 140.4 140.2 148.1 150.0 153.6 149.2 150.9 151.8 153.6 155.6 157.1 11

12 Mortgages 315.7 307.1 322.9 336.0 352.8 335.7 339.7 347.4 352.8 354.7 359.3 12

13 Corporate equities 70.3 74.3 75.3 74.0 76.5 75.2 76.0 77.3 76.5 79.2 83.3 13

14 Mutual fund shares 2.4 2.6 3.1 3.4 3.7 3.4 3.4 3.5 3.7 3.7 3.8 14

15 U.S. direct investment abroad 28.9 46.3 54.2 67.0 65.5 67.0 68.0 67.9 65.5 65.4 64.3 15

16 Miscellaneous assets 253.2 261.2 296.3 305.9 332.0 324.0 322.2 322.4 332.0 350.1 348.5 16

17 Total liabilities 2911.6 3007.6 3170.3 3198.0 3275.9 3211.4 3223.4 3247.8 3275.9 3318.8 3336.5 17

18 Security repurchase agreements 12.4 10.3 10.4 13.5 12.7 13.7 13.8 13.4 12.7 12.9 12.8 18

19 Other loans and advances 48.3 45.1 46.8 51.6 59.4 52.9 54.5 53.8 59.4 61.3 63.3 19

20 Life insurance reserves 969.5 1001.5 1074.5 1068.3 1096.6 1070.8 1077.4 1088.5 1096.6 1112.3 1113.4 20

21 Pension entitlements (1) 992.3 1013.7 1049.7 1059.3 1081.1 1071.4 1073.6 1077.5 1081.1 1097.0 1094.0 21

22 Taxes payable (net) -31.4 -28.8 -23.6 -28.3 -30.5 -28.4 -30.1 -30.1 -30.5 -29.3 -29.5 22

23 Foreign direct investment in U.S. 69.4 84.3 103.6 106.0 97.7 107.6 110.2 111.9 97.7 99.1 102.4 23

24 Miscellaneous liabilities 851.1 881.6 908.9 927.6 959.0 923.4 924.0 932.8 959.0 965.4 980.1 24

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 24).

L.115.s Life Insurance Companies: Separate Accounts

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 1615.6 1832.4 1827.6 2044.4 2320.3 2147.6 2151.1 2226.8 2320.3 2340.9 2410.4 1

 2 Checkable deposits and currency 16.3 19.3 18.4 19.7 15.3 18.5 17.4 16.3 15.3 14.7 14.2 2

 3 Credit market instruments 247.4 287.3 290.2 326.6 333.9 328.3 330.1 332.0 333.9 333.4 332.9 3

 4 Open market paper 16.6 19.7 21.1 19.1 20.9 19.5 20.0 20.4 20.9 21.0 21.1 4

 5 Treasury securities 19.8 27.7 36.2 40.4 39.5 40.1 39.9 39.7 39.5 39.7 39.9 5

 6 Agency- and GSE-backed securities 82.8 92.4 92.4 83.8 83.6 83.8 83.7 83.7 83.6 81.6 79.6 6

 7 Municipal securities 4.3 4.0 4.3 4.9 5.9 5.2 5.4 5.6 5.9 6.1 6.3 7

 8 Corporate and foreign bonds 112.9 132.5 126.2 169.6 173.4 170.5 171.4 172.4 173.4 174.2 175.0 8

 9 Other loans and advances 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 9

10 Mortgages 10.4 10.3 9.6 8.5 10.4 8.9 9.4 9.8 10.4 10.5 10.6 10

11 Corporate equities 1138.1 1328.2 1314.9 1471.0 1717.9 1563.1 1571.5 1635.0 1717.9 1739.2 1784.7 11

12 Mutual fund shares 138.4 153.1 147.0 155.9 181.1 164.2 165.4 172.4 181.1 181.9 185.7 12

13 Miscellaneous assets 75.5 44.5 57.2 71.1 72.1 73.4 66.7 71.1 72.1 71.7 92.9 13

14 Total liabilities 1620.7 1836.6 1831.9 2050.8 2327.0 2154.5 2157.8 2233.7 2327.0 2347.6 2417.0 14

15 Life insurance reserves 225.0 228.4 227.8 240.7 269.7 249.3 250.7 258.8 269.7 271.9 279.9 15

16 Pension entitlements (1) 1155.9 1329.5 1334.9 1517.3 1735.8 1601.7 1610.0 1665.5 1735.8 1748.8 1800.3 16

17 Miscellaneous liabilities 239.7 278.8 269.2 292.8 321.5 303.5 297.2 309.4 321.5 326.9 336.8 17

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 17).
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F.117.b Private Pension Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net acquisition of financial assets (1) 57.3 47.5 46.6 24.9 18.8 12.2 13.2 19.0 30.8 30.8 30.8 1

 2 Checkable deposits and currency -2.6 2.7 1.8 -1.0 -0.2 0.0 -0.4 -0.6 0.1 0.6 0.9 2

 3 Time and savings deposits 3.4 -0.2 1.2 -3.3 -0.7 0.1 -1.2 -1.8 0.2 1.8 2.9 3

 4 Money market fund shares 0.4 -5.1 -0.3 -4.0 -0.8 0.1 -1.5 -1.9 0.2 -0.7 3.3 4

 5 Security repurchase agreements 0.2 -0.2 0.0 -0.3 -0.1 0.0 -0.1 -0.1 0.0 0.2 0.3 5

 6 Credit market instruments 4.1 71.7 78.0 83.8 35.2 8.2 37.1 47.3 48.3 -3.7 65.8 6

 7 Open market paper 3.2 -1.0 1.1 -3.6 -3.8 0.1 -1.3 -7.4 -6.7 2.2 2.8 7

 8 Treasury securities 12.7 7.4 19.3 15.9 24.8 35.7 29.3 18.1 15.9 10.1 14.6 8

 9 Agency- and GSE-backed securities -6.6 2.7 14.3 11.0 9.8 9.0 9.3 10.1 10.8 -1.1 12.4 9

10 Corporate and foreign bonds -3.3 61.4 45.8 60.7 6.9 -34.6 2.3 28.9 30.9 -13.0 33.5 10

11 Mortgages -2.0 1.2 -2.4 -0.1 -2.4 -2.1 -2.4 -2.4 -2.6 -1.9 2.6 11

12 Corporate equities -41.8 -4.1 -65.4 -11.0 -21.7 -1.1 -23.2 -25.5 -37.0 -4.8 -22.6 12

13 Mutual fund shares -8.0 -10.8 12.5 -46.4 -7.9 14.1 -8.0 -8.8 -28.9 -1.6 -13.3 13

14 Miscellaneous assets 101.8 -6.2 18.8 7.1 14.9 -9.2 10.5 10.4 48.0 39.1 -6.6 14

15 Unallocated insurance contracts (2) -2.4 -8.2 12.7 -9.5 -0.3 1.0 -0.5 1.2 -3.0 1.2 4.8 15

16 Contributions receivable -5.3 13.4 1.7 -12.4 -0.8 0.9 -0.0 -0.6 -3.5 -0.2 2.1 16

17 Claims of pension fund on sponsor (3) 82.8 -20.7 -16.8 8.4 12.1 -5.1 -4.7 7.0 51.2 8.3 -47.1 17

18 Other 26.8 9.3 21.2 20.6 4.0 -6.0 15.7 2.8 3.3 29.9 33.6 18

19 Net increase in pension entitlements (liabilities) (4) 57.3 47.5 46.6 24.9 18.8 12.2 13.2 19.0 30.8 30.8 30.8 19

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued defined benefit pension entitlements.

F.117.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 96.1 130.0 49.1 89.2 103.1 65.7 118.7 116.0 112.1 86.4 130.9 1

 2 Checkable deposits and currency -0.1 -0.5 3.8 -0.7 0.4 1.1 2.0 -0.7 -1.0 0.5 2.4 2

 3 Time and savings deposits -0.5 -0.4 0.4 -0.6 0.4 0.6 0.3 0.5 0.3 0.0 0.2 3

 4 Money market fund shares -9.9 -5.1 16.8 -13.1 2.9 15.6 -0.9 -4.0 1.0 -5.4 8.0 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 5.4 48.9 -4.4 62.8 14.6 20.0 53.4 -5.7 -9.4 -4.4 13.0 6

 7 Open market paper -1.4 -1.0 1.4 -1.2 0.5 2.4 0.2 -0.4 -0.4 1.9 -0.1 7

 8 Treasury securities 20.0 23.9 7.7 28.4 11.3 11.8 22.6 3.7 7.2 4.8 4.0 8

 9 Agency- and GSE-backed securities 0.1 3.8 -10.1 11.2 5.4 5.0 7.3 4.2 5.3 -4.3 3.9 9

10 Corporate and foreign bonds -12.7 20.7 -1.2 23.2 -1.6 2.2 24.2 -12.0 -20.8 -5.8 4.2 10

11 Mortgages -0.5 1.6 -2.2 1.3 -1.0 -1.3 -0.9 -1.1 -0.7 -1.0 0.9 11

12 Corporate equities -49.4 26.9 5.1 -7.6 22.2 23.1 23.9 13.1 28.6 20.8 24.5 12

13 Mutual fund shares 59.5 45.5 -4.1 20.2 35.4 29.4 22.9 47.5 41.6 23.2 37.1 13

14 Miscellaneous assets 91.0 14.7 31.4 28.1 27.3 -24.2 17.0 65.2 51.0 51.7 45.6 14

15 Unallocated insurance contracts (2) 93.3 7.8 8.0 14.5 11.1 -11.9 4.9 22.3 29.0 19.6 16.7 15

16 Contributions receivable -3.3 2.0 1.3 0.1 0.2 0.4 0.4 -0.3 0.5 -0.6 -0.2 16

17 Other 1.0 4.9 22.2 13.5 16.0 -12.7 11.8 43.2 21.5 32.7 29.1 17

18 Net increase in pension entitlements (liabilities) 96.1 130.0 49.1 89.2 103.1 65.7 118.7 116.0 112.1 86.4 130.9 18

(1) Includes 401(k) and 403(b) type plans.

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.

F.226.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total held at: 136.5 51.8 -26.6 94.2 -136.8 -396.7 -125.1 242.2 -267.8 125.0 ND 1

 2 U.S.-chartered depository institutions 30.7 26.6 20.3 24.4 -0.4 -15.4 38.4 2.3 -26.9 -27.0 ND 2

 3 Credit unions 8.7 3.0 1.2 1.4 -0.7 0.1 0.1 -0.1 -2.8 -1.2 ND 3

 4 Life insurance companies -13.4 19.4 10.2 14.2 8.7 6.0 5.1 9.1 14.5 12.5 ND 4

 5 Money market mutual funds -42.0 -24.0 9.0 7.0 10.0 -24.0 56.0 24.0 -16.0 -20.0 ND 5

 6 Mutual funds 150.5 124.2 43.1 86.8 102.1 172.8 -25.8 114.3 147.0 123.0 ND 6

 7 Other self-directed accounts 1.9 -97.4 -110.4 -39.5 -256.6 -536.2 -198.9 92.5 -383.7 37.8 ND 7

(1) Assets of the household sector (F.100). IRA assets are not included in pension entitlements (table F.226), except for those at life insurance companies. Figures for depositories (lines 2 and 3)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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L.117.b Private Pension Funds: Defined Benefit Plans

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets (1) 2626.3 2835.7 2947.1 3017.8 3068.5 3028.8 3040.1 3052.8 3068.5 3076.2 3083.9 1

 2 Checkable deposits and currency 5.0 7.7 9.5 8.4 8.2 8.4 8.3 8.2 8.2 8.4 8.6 2

 3 Time and savings deposits 27.7 27.5 28.7 25.4 24.7 25.4 25.1 24.6 24.7 25.1 25.8 3

 4 Money market fund shares 39.8 34.7 34.3 30.3 29.6 30.4 30.0 29.5 29.6 29.4 30.2 4

 5 Security repurchase agreements 2.9 2.7 2.7 2.4 2.3 2.4 2.4 2.3 2.3 2.4 2.4 5

 6 Credit market instruments 543.5 615.1 693.2 777.0 812.2 779.0 788.3 800.1 812.2 811.3 827.7 6

 7 Open market paper 31.2 30.2 31.3 27.6 23.8 27.7 27.3 25.5 23.8 24.4 25.0 7

 8 Treasury securities 112.1 119.4 138.8 154.7 179.5 163.6 170.9 175.5 179.5 182.0 185.6 8

 9 Agency- and GSE-backed securities 116.3 119.0 133.3 144.3 154.1 146.5 148.8 151.4 154.1 153.8 156.9 9

10 Corporate and foreign bonds 266.9 328.3 374.1 434.7 441.6 426.1 426.6 433.9 441.6 438.3 446.7 10

11 Mortgages 17.0 18.2 15.8 15.7 13.3 15.1 14.5 13.9 13.3 12.8 13.4 11

12 Corporate equities 863.8 1010.7 929.5 1048.0 1247.0 1121.0 1132.1 1185.1 1247.0 1267.6 1306.3 12

13 Mutual fund shares 322.9 349.8 356.6 359.3 427.5 387.9 391.8 410.1 427.5 434.6 446.5 13

14 Miscellaneous assets 820.6 787.5 892.6 767.0 517.0 674.2 662.2 592.7 517.0 497.5 436.3 14

15 Unallocated insurance contracts (2) 57.8 53.0 64.5 58.2 63.4 60.7 60.8 62.3 63.4 64.0 66.1 15

16 Contributions receivable 49.8 63.1 64.8 52.4 51.6 52.7 52.6 52.5 51.6 51.6 52.1 16

17 Claims of pension fund on sponsor (3) 497.6 446.5 517.2 389.8 131.4 295.7 279.6 208.2 131.4 103.8 31.7 17

18 Other 215.5 224.8 246.0 266.6 270.6 265.1 269.1 269.8 270.6 278.1 286.5 18

19 Pension entitlements (liabilities) (4) 2662.7 2872.2 2983.7 3054.3 3105.0 3065.3 3076.6 3089.3 3105.0 3112.7 3120.4 19

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued defined benefit pension entitlements.

L.117.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 3339.5 3777.8 3769.7 4223.7 5036.8 4510.0 4598.4 4795.4 5036.8 5115.8 5279.1 1

 2 Checkable deposits and currency 5.3 4.8 8.6 7.9 8.3 8.2 8.7 8.5 8.3 8.4 9.0 2

 3 Time and savings deposits 4.4 3.9 4.3 3.7 4.1 3.9 3.9 4.1 4.1 4.1 4.2 3

 4 Money market fund shares 106.8 101.7 118.5 105.4 108.3 109.3 109.1 108.1 108.3 107.0 109.0 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 232.1 281.0 276.5 339.4 354.0 344.4 357.7 356.3 354.0 352.8 356.1 6

 7 Open market paper 11.0 10.0 11.3 10.1 10.6 10.7 10.8 10.7 10.6 11.0 11.0 7

 8 Treasury securities 63.6 87.5 95.2 123.6 134.9 126.6 132.2 133.1 134.9 136.1 137.1 8

 9 Agency- and GSE-backed securities 61.2 65.0 55.0 66.1 71.6 67.4 69.2 70.2 71.6 70.5 71.5 9

10 Corporate and foreign bonds 89.5 110.2 109.0 132.1 130.5 132.7 138.7 135.7 130.5 129.0 130.1 10

11 Mortgages 6.7 8.3 6.1 7.4 6.4 7.1 6.8 6.6 6.4 6.1 6.4 11

12 Corporate equities 705.1 839.2 822.3 926.3 1157.7 1015.3 1036.3 1086.4 1157.7 1177.9 1222.6 12

13 Mutual fund shares 1564.1 1798.1 1763.1 2025.4 2541.5 2211.2 2259.9 2388.6 2541.5 2588.6 2686.6 13

14 Miscellaneous assets 721.7 749.1 776.3 815.5 862.9 817.7 822.7 843.5 862.9 876.9 891.6 14

15 Unallocated insurance contracts (2) 395.9 416.4 420.1 445.7 476.9 450.9 452.9 463.0 476.9 482.9 490.3 15

16 Contributions receivable 25.6 27.7 29.0 29.0 29.3 29.1 29.2 29.1 29.3 29.1 29.0 16

17 Other 300.2 305.1 327.3 340.8 356.7 337.6 340.6 351.4 356.7 364.9 372.2 17

18 Pension entitlements (liabilities) 3339.5 3777.8 3769.7 4223.7 5036.8 4510.0 4598.4 4795.4 5036.8 5115.8 5279.1 18

(1) Includes 401(k) and 403(b) type plans.

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.

L.226.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total held at: 4488.0 5029.0 5001.0 5561.0 6521.0 5852.0 5910.0 6193.0 6521.0 6619.0 ND 1

 2 U.S.-chartered depository institutions 356.7 383.3 403.6 428.0 427.6 424.2 433.8 434.4 427.6 420.9 ND 2

 3 Credit unions 74.2 77.2 78.4 79.9 79.2 79.9 79.9 79.9 79.2 78.9 ND 3

 4 Life insurance companies 398.0 436.0 440.0 473.0 516.0 488.0 492.0 501.0 516.0 521.0 ND 4

 5 Money market mutual funds 226.0 202.0 211.0 218.0 228.0 212.0 226.0 232.0 228.0 223.0 ND 5

 6 Mutual funds 1670.0 1937.0 1899.0 2158.0 2619.0 2309.0 2320.0 2454.0 2619.0 2677.0 ND 6

 7 Other self-directed accounts 1763.1 1993.5 1968.9 2204.1 2651.2 2339.0 2358.3 2491.8 2651.2 2698.2 ND 7

(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension entitlements (table L.226), except for those at life insurance companies. Figures for depositories

 (lines 2 and 3) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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F.118.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net acquisition of financial assets (1) 216.0 220.7 215.2 208.4 202.9 201.6 202.7 204.0 203.2 203.2 203.2 1

 2 Checkable deposits and currency -0.0 0.5 0.2 -0.1 0.9 0.6 0.3 0.4 2.2 -1.7 0.3 2

 3 Time and savings deposits 1.2 5.9 2.8 -0.3 7.7 5.0 2.6 3.8 19.3 -15.1 3.0 3

 4 Money market fund shares -3.4 2.3 -1.4 -3.1 8.1 5.3 2.8 4.0 20.3 -15.9 3.1 4

 5 Security repurchase agreements -0.1 0.3 0.1 -0.1 0.7 0.4 0.2 0.3 1.7 -1.3 0.3 5

 6 Credit market instruments -85.2 19.2 12.4 6.6 64.7 40.8 114.9 14.8 88.3 62.8 34.4 6

 7 Open market paper 0.5 5.7 2.4 -0.7 8.2 5.4 2.8 4.1 20.6 -16.2 3.2 7

 8 Treasury securities 21.9 7.8 9.2 18.8 16.1 17.5 30.6 12.4 4.1 20.6 12.7 8

 9 Agency- and GSE-backed securities -3.2 1.1 13.2 21.4 13.6 15.9 27.6 6.8 4.2 13.1 1.0 9

10 Municipal securities 0.1 0.7 -0.7 -0.9 -0.1 -0.3 -0.2 -0.3 0.3 -0.7 -0.1 10

11 Corporate and foreign bonds -101.9 4.4 -11.5 -31.3 29.5 4.5 56.2 -6.1 63.3 36.3 14.0 11

12 Mortgages -2.7 -0.4 -0.1 -0.7 -2.6 -2.2 -1.9 -2.0 -4.2 9.6 3.7 12

13 Corporate equities 17.8 -80.6 -56.2 -44.1 -170.7 -160.0 -141.7 -141.9 -239.3 -240.5 -190.9 13

14 Mutual fund shares -7.6 -18.2 -61.0 -50.1 -11.7 -10.1 -8.9 -9.0 -19.0 -23.2 -15.0 14

15 Miscellaneous assets 293.4 291.1 318.3 299.7 303.3 319.6 232.6 331.4 329.7 438.4 368.0 15

16 Claims of pension fund on sponsor (2) 303.9 275.5 316.5 300.2 290.0 306.0 218.4 316.3 319.4 408.3 338.9 16

17 Other -10.6 15.7 1.7 -0.5 13.3 13.6 14.2 15.1 10.3 30.0 29.0 17

18 Pension entitlements (liabilities) (3) 215.9 220.7 215.2 208.4 202.9 201.6 202.8 204.1 203.3 203.3 203.3 18

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Unfunded defined benefit pension entitlements.

(3) Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.

F.118.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 14.1 22.9 -9.9 -6.9 22.0 -0.0 26.0 25.2 36.8 15.6 36.1 1

 2 Checkable deposits and currency -0.4 0.0 0.2 0.4 -0.2 0.0 2.2 -0.3 -2.7 0.0 3.0 2

 3 Time and savings deposits -0.3 -0.5 -0.4 -0.3 0.3 0.2 -0.1 1.2 -0.1 -0.3 -0.1 3

 4 Money market fund shares 0.0 0.0 0.4 -0.4 0.8 0.0 0.0 0.0 3.0 -1.3 1.4 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 2.2 3.2 2.0 1.4 -1.8 0.0 0.4 -4.1 -3.6 -0.9 1.3 6

 7 Open market paper -1.4 -1.2 -0.3 -0.6 0.6 2.0 -0.7 3.1 -1.8 2.2 -1.1 7

 8 Treasury securities 2.8 2.8 2.4 0.3 -2.8 0.1 -3.2 -4.3 -4.0 0.4 -0.8 8

 9 Agency- and GSE-backed securities -0.6 -0.2 -0.8 -0.5 -0.1 -0.9 0.6 -0.5 0.4 -4.0 2.6 9

10 Municipal securities 0.0 0.1 0.0 0.2 0.4 0.0 1.5 -0.0 -0.0 -0.1 0.0 10

11 Corporate and foreign bonds 1.3 1.6 0.7 2.0 0.1 -1.2 2.3 -2.3 1.8 0.5 0.6 11

12 Corporate equities -16.4 2.0 2.7 -2.0 13.9 12.7 22.1 5.7 15.2 18.5 12.5 12

13 Mutual fund shares 5.9 4.3 -4.5 0.8 2.0 10.2 -2.4 2.6 -2.4 -2.2 0.8 13

14 Miscellaneous assets 23.0 13.9 -10.3 -6.8 7.0 -23.2 3.7 20.1 27.4 1.8 17.2 14

15 Unallocated insurance contracts (2) 23.0 13.8 -10.3 -6.7 6.2 -23.2 2.1 20.3 25.4 1.7 13.9 15

16 Other -0.1 0.1 -0.0 -0.0 0.8 0.0 1.5 -0.2 2.0 0.1 3.3 16

17 Pension entitlements (liabilities) 14.1 22.9 -9.9 -6.9 22.0 -0.0 26.0 25.2 36.8 15.6 36.1 17

(1) Includes 403(b) and 457 type plans.

(2) Assets held at life insurance companies.
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L.118.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets (1) 3855.2 4302.2 4493.4 4637.3 4721.7 4657.5 4682.4 4702.7 4721.7 4771.8 4821.8 1

 2 Checkable deposits and currency 3.6 4.1 4.3 4.2 5.0 4.3 4.4 4.5 5.0 4.6 4.7 2

 3 Time and savings deposits 28.7 34.6 37.4 37.1 44.8 38.4 39.0 40.0 44.8 41.0 41.8 3

 4 Money market fund shares 41.2 43.5 42.2 39.1 47.2 40.4 41.1 42.1 47.2 43.2 44.0 4

 5 Security repurchase agreements 3.0 3.4 3.4 3.3 3.9 3.4 3.4 3.5 3.9 3.6 3.7 5

 6 Credit market instruments 742.4 761.6 774.1 780.6 845.3 790.8 819.6 823.3 845.3 861.0 869.6 6

 7 Open market paper 32.3 38.0 40.3 39.6 47.9 41.0 41.7 42.7 47.9 43.8 44.6 7

 8 Treasury securities 151.4 159.3 168.5 187.3 203.4 191.6 199.3 202.4 203.4 208.5 211.7 8

 9 Agency- and GSE-backed securities 158.7 159.8 172.9 194.3 207.9 198.3 205.2 206.9 207.9 211.2 211.4 9

10 Municipal securities 1.4 2.1 1.4 0.5 0.4 0.4 0.4 0.3 0.4 0.2 0.2 10

11 Corporate and foreign bonds 386.2 390.6 379.0 347.7 377.2 348.8 362.9 361.4 377.2 386.3 389.7 11

12 Mortgages 12.3 11.9 11.9 11.2 8.6 10.7 10.2 9.7 8.6 11.0 11.9 12

13 Corporate equities 1628.8 1793.6 1728.8 1926.9 2309.4 2089.7 2102.1 2185.3 2309.4 2276.1 2322.4 13

14 Mutual fund shares 205.2 217.0 152.2 121.6 146.4 131.9 132.7 138.0 146.4 142.8 145.3 14

15 Miscellaneous assets 1202.2 1444.4 1751.1 1724.5 1319.6 1558.6 1540.1 1466.0 1319.6 1399.3 1390.3 15

16 Claims of pension fund on sponsor (2) 1116.9 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1260.1 16

17 Other 85.3 101.0 102.7 102.2 115.5 105.6 109.2 113.0 115.5 123.0 130.3 17

18 Pension entitlements (liabilities) (3) 3959.8 4408.7 4604.1 4762.4 4862.9 4787.2 4812.3 4837.7 4862.9 4913.7 4964.5 18

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(2) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(3) Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.

L.118.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 422.4 470.4 436.7 455.9 521.7 472.1 474.3 495.3 521.7 523.8 538.1 1

 2 Checkable deposits and currency 0.1 0.1 0.3 0.6 0.4 0.6 1.2 1.1 0.4 0.4 1.2 2

 3 Time and savings deposits 1.5 1.0 0.7 0.3 0.6 0.4 0.4 0.7 0.6 0.6 0.5 3

 4 Money market fund shares 0.0 0.0 0.4 0.0 0.8 0.0 0.0 0.0 0.8 0.4 0.8 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 30.5 33.7 35.7 37.0 35.2 37.0 37.2 36.1 35.2 35.0 35.3 6

 7 Open market paper 5.1 3.9 3.6 3.0 3.6 3.5 3.3 4.1 3.6 4.2 3.9 7

 8 Treasury securities 10.4 13.3 15.7 16.0 13.1 16.0 15.2 14.1 13.1 13.2 13.0 8

 9 Agency- and GSE-backed securities 10.0 9.8 9.0 8.5 8.4 8.3 8.5 8.3 8.4 7.4 8.1 9

10 Municipal securities 0.1 0.2 0.2 0.4 0.8 0.4 0.8 0.8 0.8 0.8 0.8 10

11 Corporate and foreign bonds 4.8 6.4 7.1 9.1 9.2 8.8 9.4 8.8 9.2 9.4 9.5 11

12 Corporate equities 122.2 136.3 121.7 131.8 161.9 142.7 142.6 150.6 161.9 162.7 167.2 12

13 Mutual fund shares 133.9 149.4 139.0 152.2 179.5 162.4 163.0 171.1 179.5 180.8 184.4 13

14 Miscellaneous assets 134.3 150.0 139.1 133.8 143.4 129.0 130.0 135.6 143.4 144.0 148.7 14

15 Unallocated insurance contracts (2) 133.9 149.6 138.7 133.5 142.2 128.6 129.2 135.0 142.2 142.7 146.6 15

16 Other 0.3 0.4 0.4 0.3 1.2 0.3 0.7 0.7 1.2 1.2 2.0 16

17 Pension entitlements (liabilities) 422.4 470.4 436.7 455.9 521.7 472.1 474.3 495.3 521.7 523.8 538.1 17

(1) Includes 403(b) and 457 type plans.

(2) Assets held at life insurance companies.
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134 Z.1, September 18, 2014

F.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net acquisition of financial assets (2) 75.5 84.2 90.0 88.6 89.9 86.5 88.7 90.6 93.9 92.7 93.4 1

 2 Credit market instruments -0.8 -0.8 0.3 -0.0 -0.0 -0.7 -0.5 1.5 -0.3 -0.7 -0.4 2

 3 Treasury securities 0.4 -0.2 -0.3 -0.3 -0.0 -0.2 -0.1 0.2 -0.1 -0.2 -0.1 3

 4 Agency- and GSE-backed securities -0.7 -0.2 -0.2 -0.2 -0.0 -0.1 -0.0 0.0 -0.0 -0.1 -0.0 4

 5 Corporate and foreign bonds -0.5 -0.3 0.8 0.4 0.1 -0.5 -0.3 1.3 -0.2 -0.5 -0.3 5

 6 Corporate equities -1.2 -0.9 -1.9 -2.0 -1.5 -1.3 -0.9 -3.2 -0.5 -1.3 -0.8 6

 7 Miscellaneous assets 77.5 85.9 91.6 90.7 91.4 88.5 90.1 92.4 94.7 94.7 94.7 7

 8 Nonmarketable Treasury securities (3) 61.9 65.7 70.8 40.4 98.2 172.5 -308.1 -63.5 592.0 74.9 52.6 8

 9 Claims of pension fund on sponsor (4) 15.6 20.2 20.8 50.3 -6.8 -84.0 398.2 155.9 -497.3 19.8 42.1 9

10 Pension entitlements (liabilities) (5) 75.5 84.2 90.0 88.6 89.9 86.5 88.7 90.6 93.9 92.7 93.4 10

(1) Includes civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, foreign service retirement and

 disability fund, and the National Railroad Investment Trust.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund,

 and foreign service retirement and disability fund.

(4) Unfunded defined benefit pension entitlements.

(5) Actuarial value of accrued pension entitlements in defined benefit plans. These liabilities are assets of the household sector.

F.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 18.2 18.0 23.0 13.3 20.0 4.3 -33.6 18.0 91.3 15.3 10.4 1

 2 Credit market instruments 8.2 11.6 25.2 15.4 9.4 -13.3 -43.8 -382.8 477.7 6.8 9.9 2

 3 Treasury securities (2) 7.0 10.4 23.7 12.4 12.5 -9.3 -40.5 -379.5 479.2 12.2 8.4 3

 4 Agency- and GSE-backed securities 0.7 0.8 0.9 1.7 -1.7 -2.2 -1.8 -1.8 -0.8 -2.8 0.7 4

 5 Corporate and foreign bonds 0.4 0.5 0.6 1.3 -1.4 -1.8 -1.5 -1.5 -0.7 -2.7 0.7 5

 6 Corporate equities 10.1 6.3 -2.3 -2.1 10.6 17.6 10.2 -6.0 20.5 8.5 0.5 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 406.8 -406.8 0.0 0.0 7

 8 Pension entitlements (liabilities) 18.2 18.0 23.0 13.3 20.0 4.3 -33.6 18.0 91.3 15.3 10.4 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable and marketable Treasury securities held by the Thrift Savings Plan G and F funds.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
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L.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net acquisition of financial assets (2) 2692.9 2894.8 2980.8 3070.0 3161.7 3092.4 3114.5 3137.5 3161.7 3185.1 3208.9 1

 2 Credit market instruments 6.6 5.8 6.1 6.1 6.1 5.9 5.8 6.1 6.1 5.9 5.8 2

 3 Treasury securities 2.3 2.1 1.7 1.5 1.4 1.4 1.4 1.4 1.4 1.4 1.4 3

 4 Agency- and GSE-backed securities 1.1 0.9 0.7 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 4

 5 Corporate and foreign bonds 3.2 2.9 3.7 4.1 4.1 4.0 3.9 4.2 4.1 4.0 4.0 5

 6 Corporate equities 11.6 12.4 10.4 9.8 11.2 10.5 10.5 10.3 11.2 11.0 11.3 6

 7 Miscellaneous assets 2674.8 2876.6 2964.3 3054.1 3144.5 3076.0 3098.2 3121.1 3144.5 3168.1 3191.8 7

 8 Nonmarketable Treasury securities (3) 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 1342.6 8

 9 Claims of pension fund on sponsor (4) 1597.6 1733.7 1750.7 1800.0 1792.1 1810.4 1919.9 1959.5 1792.1 1828.4 1849.3 9

10 Pension entitlements (liabilities) (5) 2692.9 2894.8 2980.8 3070.0 3161.7 3092.4 3114.5 3137.5 3161.7 3185.1 3208.9 10

(1) Includes civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, foreign service retirement and

 disability fund, and the National Railroad Investment Trust.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund,

 and foreign service retirement and disability fund.

(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(5) Actuarial value of accrued pension entitlements in defined benefit plans. These liabilities are assets of the household sector.

L.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Net acquisition of financial assets 229.6 264.5 285.2 314.9 381.0 330.5 325.6 342.5 381.0 388.5 400.7 1

 2 Credit market instruments 124.3 136.0 161.2 176.6 186.0 173.3 162.3 66.6 186.0 187.7 190.2 2

 3 Treasury securities (2) 117.6 128.0 151.7 164.1 176.6 161.8 151.7 56.8 176.6 179.6 181.7 3

 4 Agency- and GSE-backed securities 4.1 4.9 5.8 7.5 5.9 7.0 6.5 6.1 5.9 5.2 5.4 4

 5 Corporate and foreign bonds 2.5 3.0 3.7 5.0 3.6 4.5 4.1 3.8 3.6 2.9 3.1 5

 6 Corporate equities 105.3 128.5 124.0 138.3 195.0 157.3 163.3 174.2 195.0 200.8 210.5 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 101.7 0.0 0.0 0.0 7

 8 Pension entitlements (liabilities) 229.6 264.5 285.2 314.9 381.0 330.5 325.6 342.5 381.0 388.5 400.7 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable and marketable Treasury securities held by the Thrift Savings Plan G and F funds.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
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F.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net acquisition of financial assets 29.7 -0.8 8.1 14.1 13.3 -5.3 19.9 24.8 13.6 30.4 43.9 1

 2 Checkable deposits and currency 10.3 -4.1 -2.3 4.1 1.0 -2.8 7.0 19.1 -19.1 -3.6 15.4 2

 3 Credit market instruments 6.2 0.7 2.3 1.5 -1.9 -11.2 1.4 -0.3 2.4 3.9 2.4 3

 4 Corporate and foreign bonds 2.1 0.4 -0.6 -0.2 -1.8 -4.0 -0.3 -1.0 -2.0 0.4 1.4 4

 5 Mortgages 4.0 0.4 2.9 1.6 -0.1 -7.1 1.7 0.6 4.4 3.4 1.0 5

 6 Home 0.0 0.0 0.1 0.0 0.0 -0.1 0.0 -0.0 0.1 -0.0 0.0 6

 7 Multifamily residential -0.2 0.0 -0.0 0.1 -0.0 -0.2 0.9 -0.2 -0.6 -0.1 -0.0 7

 8 Commercial 4.2 0.3 2.9 1.5 -0.1 -6.9 0.7 0.9 4.9 3.6 1.0 8

 9 Miscellaneous assets 13.2 2.6 8.1 8.5 14.2 8.7 11.5 6.1 30.3 30.1 26.1 9

10 Net increase in liabilities 2.9 -0.4 37.4 38.5 36.4 -3.2 20.2 48.0 80.5 53.8 70.9 10

11 Credit market instruments 6.6 0.1 32.8 33.9 34.5 3.9 20.5 38.8 74.8 51.7 59.1 11

12 Corporate bonds 4.7 1.0 13.2 27.6 28.9 3.7 10.0 35.4 66.5 27.6 61.1 12

13 Depository institution loans n.e.c. -9.8 -1.8 6.1 1.4 -2.2 -20.4 5.9 17.8 -11.9 11.5 -8.4 13

14 Mortgages 11.8 0.8 13.5 4.8 7.8 20.6 4.6 -14.3 20.2 12.6 6.5 14

15 Multifamily residential 2.3 0.4 0.1 -1.1 3.3 18.3 -0.6 -1.7 -2.7 -1.8 2.1 15

16 Commercial 9.5 0.4 13.3 6.0 4.5 2.3 5.2 -12.7 22.9 14.4 4.4 16

17 Miscellaneous liabilities -3.8 -0.5 4.6 4.6 1.9 -7.1 -0.4 9.2 5.7 2.1 11.9 17

F.127.m Mortgage Real Estate Investment Trusts (REITs)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets -17.3 40.5 123.1 146.9 36.8 10.4 474.4 -149.1 -188.4 68.9 54.8 1

 2 Checkable deposits and currency 2.1 -1.6 4.8 3.6 -2.3 25.1 -20.6 -9.4 -4.4 -1.0 3.1 2

 3 Credit market instruments -16.4 43.3 117.9 126.1 41.1 -28.0 467.5 -79.2 -195.9 60.8 32.9 3

 4 Agency- and GSE-backed securities 15.6 38.2 104.7 109.5 -95.6 -46.7 -73.4 -82.7 -179.7 -35.4 44.1 4

 5 Corporate and foreign bonds 2.2 6.8 4.4 9.7 1.6 17.1 -0.1 2.1 -12.6 5.6 -4.1 5

 6 Mortgages -34.2 -1.7 8.8 6.9 135.1 1.7 540.9 1.4 -3.7 90.6 -7.0 6

 7 Home -25.3 0.1 10.9 6.8 -3.3 0.9 18.3 0.0 -32.4 9.1 6.8 7

 8 Multifamily residential -1.8 -0.3 -0.2 0.1 0.5 1.3 1.7 -0.2 -0.6 -0.7 0.2 8

 9 Commercial -7.1 -1.5 -1.9 -0.0 137.8 -0.4 520.9 1.5 29.3 82.2 -14.0 9

10 Miscellaneous assets -3.0 -1.2 0.4 17.2 -2.0 13.2 27.6 -60.6 11.9 9.2 18.8 10

11 Net increase in liabilities -24.6 34.4 93.1 124.9 53.8 -10.6 493.0 -149.0 -118.4 59.1 33.0 11

12 Security repurchase agreements 11.1 29.9 97.7 102.4 -66.6 5.8 -48.9 -84.1 -139.3 -53.2 36.8 12

13 Credit market instruments -34.2 -0.1 -7.2 1.6 143.9 4.1 529.7 -0.3 42.1 88.3 -9.7 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds -31.4 -0.0 -5.7 -0.9 144.7 7.2 527.3 -0.3 44.5 87.8 -5.9 15

16 Depository institution loans n.e.c. -2.8 -0.0 -1.5 2.5 -0.8 -3.1 2.4 0.0 -2.5 0.5 -3.8 16

17 Miscellaneous liabilities -1.5 4.6 2.5 20.9 -23.5 -20.5 12.2 -64.7 -21.2 24.0 5.8 17

 Memo:

18 Securitized assets included above -26.8 -0.5 -3.8 1.3 139.6 1.3 521.9 2.8 32.3 81.6 -23.5 18

19 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Home mortgages -25.7 1.1 -0.7 3.7 4.0 1.7 8.2 0.5 5.7 1.4 -1.6 20

21 Multifamily residential mortgages -0.0 -0.0 -0.0 -0.0 0.0 0.1 -0.0 -0.0 -0.1 -0.2 0.3 21

22 Commercial mortgages -1.1 -1.6 -3.0 -2.4 135.6 -0.6 513.7 2.3 26.8 80.3 -22.3 22
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Z.1, September 18, 2014 137

L.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 95.1 94.3 102.3 116.4 129.7 115.1 120.1 126.3 129.7 137.3 148.3 1

 2 Checkable deposits and currency 23.4 19.3 17.0 21.1 22.1 20.4 22.1 26.9 22.1 21.2 25.1 2

 3 Credit market instruments 20.6 21.3 23.6 25.0 23.1 22.2 22.6 22.5 23.1 24.0 24.6 3

 4 Corporate and foreign bonds 5.0 5.4 4.8 4.6 2.8 3.6 3.5 3.3 2.8 2.9 3.2 4

 5 Mortgages 15.5 15.9 18.8 20.4 20.3 18.6 19.0 19.2 20.3 21.2 21.4 5

 6 Home 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 6

 7 Multifamily residential 0.3 0.3 0.3 0.4 0.3 0.3 0.5 0.5 0.3 0.3 0.3 7

 8 Commercial 15.1 15.5 18.3 19.9 19.8 18.1 18.3 18.5 19.8 20.6 20.9 8

 9 Miscellaneous assets 51.1 53.7 61.8 70.3 84.5 72.5 75.4 76.9 84.5 92.0 98.5 9

10 Total liabilities 347.2 346.8 384.1 422.6 459.0 421.8 426.9 438.9 459.0 472.5 490.2 10

11 Credit market instruments 300.8 300.9 333.6 367.5 402.0 368.5 373.6 383.3 402.0 415.0 429.7 11

12 Corporate bonds 107.3 108.4 121.6 149.2 178.1 150.2 152.7 161.5 178.1 185.0 200.3 12

13 Depository institution loans n.e.c. 18.2 16.4 22.5 23.9 21.7 18.8 20.3 24.7 21.7 24.6 22.5 13

14 Mortgages 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 205.3 206.9 14

15 Multifamily residential 27.3 27.8 27.9 26.7 30.0 31.3 31.1 30.7 30.0 29.6 30.1 15

16 Commercial 147.9 148.3 161.7 167.7 172.1 168.3 169.6 166.4 172.1 175.7 176.8 16

17 Miscellaneous liabilities 46.4 45.9 50.5 55.1 57.0 53.3 53.2 55.5 57.0 57.5 60.4 17

L.127.m Mortgage Real Estate Investment Trusts (REITs)

Billions of dollars; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 167.7 208.1 331.1 477.8 514.5 480.4 598.9 561.6 514.5 531.7 545.4 1

 2 Checkable deposits and currency 7.4 5.8 10.7 14.2 11.9 20.5 15.3 13.0 11.9 11.6 12.4 2

 3 Credit market instruments 146.6 189.9 307.6 433.5 474.5 426.5 543.3 523.5 474.5 489.7 497.9 3

 4 Agency- and GSE-backed securities 105.2 143.4 248.1 357.6 261.9 345.9 327.5 306.9 261.9 253.1 264.1 4

 5 Corporate and foreign bonds 11.0 17.8 22.2 31.9 33.6 36.2 36.2 36.7 33.6 35.0 33.9 5

 6 Mortgages 30.5 28.7 37.3 44.1 179.0 44.4 179.6 179.9 179.0 201.6 199.9 6

 7 Home 8.8 8.8 19.6 26.3 22.9 26.4 31.0 31.0 22.9 25.1 26.8 7

 8 Multifamily residential 2.0 1.6 1.4 1.5 2.0 1.8 2.2 2.2 2.0 1.9 1.9 8

 9 Commercial 19.7 18.2 16.3 16.3 154.1 16.2 146.4 146.8 154.1 174.7 171.2 9

10 Miscellaneous assets 13.7 12.5 12.8 30.1 28.1 33.4 40.3 25.1 28.1 30.4 35.1 10

11 Total liabilities 142.7 177.2 270.3 395.2 448.9 392.5 515.8 478.5 448.9 463.7 472.0 11

12 Security repurchase agreements 90.5 120.4 218.1 320.6 254.0 322.0 309.8 288.8 254.0 240.6 249.9 12

13 Credit market instruments 39.1 39.0 31.9 33.5 177.4 34.5 166.9 166.8 177.4 199.4 197.0 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 37.1 37.0 31.3 30.4 175.1 32.2 164.0 163.9 175.1 197.0 195.6 15

16 Depository institution loans n.e.c. 2.0 2.0 0.5 3.1 2.3 2.3 2.9 2.9 2.3 2.4 1.5 16

17 Miscellaneous liabilities 13.2 17.8 20.3 41.2 17.6 36.0 39.1 22.9 17.6 23.6 25.1 17

 Memo:

18 Securitized assets included above 18.6 18.1 14.3 15.6 155.2 16.0 146.4 147.1 155.2 175.6 169.7 18

19 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Home mortgages 6.1 7.2 6.5 10.2 14.2 10.6 12.6 12.8 14.2 14.5 14.2 20

21 Multifamily residential mortgages 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 21

22 Commercial mortgages 12.2 10.6 7.5 5.2 140.7 5.0 133.5 134.0 140.7 160.8 155.2 22