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Z.1, December 11, 2014 123

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

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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Assets 76244.6 77250.1 83156.7 92659.7 85889.6 87464.1 89943.2 92659.7 93864.9 95430.2 95410.0 1

 2 Nonfinancial assets 23338.9 23371.1 25073.7 27673.6 25766.7 26509.5 27136.7 27673.6 28118.8 28358.2 28653.4 2

 3 Financial assets 52905.7 53879.0 58083.0 64986.2 60122.9 60954.5 62806.5 64986.2 65746.1 67072.1 66756.6 3

 4 Deposits 8071.9 8746.6 9275.1 9699.3 9325.0 9325.1 9453.5 9699.3 9865.4 9943.4 10105.6 4

 5 Credit market instruments 4921.7 4383.1 4178.3 3852.5 4025.2 3944.5 3870.0 3852.5 3645.6 3496.0 3365.2 5

 6 Equity shares at market value 15459.1 14923.9 17045.6 22076.1 18709.0 19194.8 20505.3 22076.1 22480.3 23612.5 22948.1 6

 7 Directly held 8680.5 8475.1 9623.1 12457.3 10586.8 10869.3 11599.4 12457.3 12628.5 13365.9 12884.5 7

 8 Indirectly held 6778.6 6448.8 7422.6 9618.8 8122.2 8325.5 8905.9 9618.8 9851.7 10246.6 10063.6 8

 9 Life insurance companies 1420.5 1395.7 1556.5 1825.5 1654.4 1678.8 1733.8 1825.5 1846.6 1895.1 1850.7 9

 10 Private pension funds (1) 2174.6 2085.5 2362.1 3059.9 2604.3 2681.9 2851.7 3059.9 3117.0 3236.1 3229.8 10

 11 State and local govt. retirement funds (1) 250.2 223.4 241.9 299.0 261.9 263.9 279.8 299.0 301.8 310.2 312.4 11

 12 Federal govt. retirement funds (1) 128.5 124.0 138.3 195.0 157.3 163.3 174.2 195.0 200.8 210.5 213.8 12

 13 Mutual funds 2804.7 2620.1 3123.8 4239.4 3444.3 3537.6 3866.5 4239.4 4385.4 4594.7 4456.9 13

 14 Other 24453.1 25825.4 27583.9 29358.1 28063.8 28490.2 28977.8 29358.1 29754.7 30020.2 30337.7 14

 15 Liabilities 13782.2 13574.5 13645.1 13793.6 13594.6 13617.8 13734.1 13793.6 13780.7 13940.5 14061.2 15

 16 Net worth 62462.4 63675.6 69511.6 78866.2 72295.0 73846.2 76209.2 78866.2 80084.3 81489.7 81348.8 16

 Memo:

 Equity shares (line 6) as a percent of

 17 Total assets (line 1) 20.3 19.3 20.5 23.8 21.8 21.9 22.8 23.8 23.9 24.7 24.1 17

 18 Financial assets (line 3) 29.2 27.7 29.3 34.0 31.1 31.5 32.6 34.0 34.2 35.2 34.4 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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Z.1, December 11, 2014 125

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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Current receipts, NIPA basis 3885.0 4077.6 4301.0 4788.6 4648.8 4896.0 4715.6 4894.1 4929.5 4965.6 5042.1 1

 2 Personal current taxes 1191.5 1400.6 1503.7 1661.8 1636.8 1660.6 1661.5 1688.1 1711.8 1715.3 1739.9 2

 3 Taxes on production and imports 1057.1 1102.6 1132.0 1162.4 1154.8 1152.2 1167.1 1175.7 1184.5 1197.9 1206.5 3

 4 Taxes on corporate income 346.3 349.6 422.7 440.2 442.0 425.9 433.6 459.3 525.9 570.3 566.2 4

 5 Taxes from the rest of the world 15.7 16.7 18.0 19.2 18.6 18.6 19.9 19.6 20.4 17.8 20.1 5

 6 Contributions for govt. social insurance 989.0 922.2 955.8 1109.9 1096.0 1107.5 1113.2 1122.9 1152.2 1159.8 1168.9 6

 7 Income receipts on assets 137.2 135.6 132.3 244.4 152.8 378.9 173.5 272.4 187.3 159.5 142.6 7

 8 Current transfer receipts 171.1 174.7 161.8 180.4 175.5 181.9 177.0 187.0 178.5 178.6 234.2 8

 9 Current surplus of government enterprises -22.9 -24.5 -25.3 -29.6 -27.8 -29.6 -30.1 -31.0 -31.1 -33.6 -36.4 9

10 Current expenditures, NIPA basis 5451.0 5537.6 5612.7 5662.9 5612.9 5678.4 5695.3 5665.0 5730.5 5791.3 5894.9 10

11 Consumption expenditures 2522.2 2530.9 2549.7 2547.6 2543.6 2544.9 2555.9 2545.9 2564.5 2572.1 2616.7 11

12 Government social benefits 2250.5 2274.8 2325.7 2391.1 2371.5 2381.0 2403.1 2408.7 2446.8 2487.2 2528.7 12

13 Other current transfer payments 49.7 55.6 48.8 46.4 45.6 49.6 51.1 39.2 43.0 2.6 50.3 13

14 Interest payments 572.7 616.4 630.4 617.7 592.2 641.6 624.6 612.3 618.6 671.9 641.8 14

15 Subsidies 55.9 60.1 58.0 60.2 60.0 61.1 60.6 58.9 57.7 57.5 57.4 15

16 Net saving, NIPA basis -1566.0 -1460.1 -1311.7 -874.3 -964.2 -782.3 -979.7 -770.9 -801.0 -825.7 -852.9 16

17 + Consumption of fixed capital 458.1 479.6 496.0 506.4 501.5 504.5 507.8 511.8 515.2 518.5 521.8 17

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

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

20 - Net capital transfers (2) 8.1 7.6 5.8 -13.2 -7.4 -11.8 -15.4 -18.1 -13.4 -13.6 -15.3 20

21 = Gross saving less net capital transfers -1119.3 -992.1 -824.7 -358.8 -458.8 -270.9 -459.2 -246.4 -276.2 -299.3 -321.0 21

22 Gross investment -1062.1 -1021.3 -725.4 -332.8 -610.0 56.1 -568.0 -209.4 -359.8 -209.2 -556.1 22

23 Fixed investment 651.8 637.9 619.4 596.3 592.4 597.4 598.7 596.7 574.6 591.0 591.0 23

24 Nonproduced nonfinancial assets 9.6 8.3 6.8 6.5 7.1 6.2 5.3 7.5 7.3 6.4 1.6 24

25 Net lending (+) or net borrowing (-) -1723.5 -1667.6 -1351.6 -935.7 -1209.5 -547.6 -1172.1 -813.7 -941.7 -806.7 -1148.8 25

26 Net acquisition of financial assets 348.1 -132.7 184.7 249.3 314.4 224.1 -43.7 502.3 290.9 -107.2 143.9 26

27 U.S. official reserve assets 1.6 16.2 4.3 -3.3 3.3 -1.0 -4.2 -11.2 -4.0 3.0 -9.6 27

28 Checkable deposits and currency 154.5 -241.0 -2.7 76.3 0.6 122.1 -164.8 347.2 -26.1 -101.5 92.5 28

29 Time and savings deposits -5.8 15.3 19.7 11.9 14.5 -6.3 29.3 10.2 47.8 -11.3 39.3 29

30 Money market fund shares 14.1 3.7 8.0 4.7 15.0 3.2 -2.0 2.5 11.8 -23.1 -11.0 30

31 Security repurchase agreements -1.1 -3.4 6.8 4.2 12.3 3.0 -1.1 2.5 9.9 -17.9 -8.3 31

32 Credit market instruments 143.2 1.6 112.6 108.4 195.8 90.7 62.8 84.6 155.3 -68.3 6.6 32

33 Open market paper 13.2 -11.1 -5.9 -8.1 -2.6 -9.0 -11.6 -9.4 -5.0 -20.4 -14.8 33

34 Agency- and GSE-backed securities (3) -23.5 -125.0 -33.2 -13.8 18.5 -18.6 -34.3 -20.9 6.9 -94.3 -58.4 34

35 Municipal securities 1.4 0.4 0.5 0.2 1.1 0.1 -0.4 0.0 0.8 -2.1 -1.1 35

36 Corporate and foreign bonds 8.1 -0.5 5.9 2.4 13.1 0.8 -4.5 0.1 9.8 -26.3 -13.7 36

37 Mortgages 8.1 5.5 11.1 8.1 25.0 1.9 -0.9 6.5 14.8 -29.4 -13.4 37

38 Consumer credit 133.1 128.5 132.1 113.1 132.4 106.6 107.0 106.2 121.2 104.7 110.0 38

39 Other loans and advances (4) 2.8 3.9 2.0 6.7 8.3 8.9 7.4 2.0 6.9 -0.5 -2.0 39

40 Corporate equities 24.0 37.8 -9.9 -3.5 1.9 -2.3 -12.7 -1.1 4.7 -15.0 -11.5 40

41 Mutual fund shares 2.9 0.3 1.7 0.7 3.6 0.2 -1.2 0.0 2.7 -7.2 -3.8 41

42 Trade receivables 12.4 7.1 7.2 6.9 -0.8 20.9 4.4 3.0 9.7 8.4 9.8 42

43 Taxes receivable 28.1 27.7 29.9 31.0 52.2 0.3 28.7 42.8 57.2 118.1 29.6 43

44 Miscellaneous assets -25.8 1.9 7.2 12.1 16.0 -6.7 17.1 21.8 21.9 7.5 10.4 44

45 Net increase in liabilities 2071.6 1534.9 1536.3 1185.0 1523.9 771.7 1128.4 1316.0 1232.6 699.4 1292.7 45

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

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

48 Treasury currency -0.3 0.0 0.0 -0.4 0.0 0.0 -1.4 0.0 0.0 0.0 -1.0 48

49 Credit market instruments 1641.1 1046.1 1088.0 734.2 1075.4 400.7 287.4 1173.3 701.1 391.9 847.4 49

50 U.S. savings securities -3.3 -2.7 -2.8 -3.3 -2.8 -3.6 -3.4 -3.4 -3.3 -3.0 -3.5 50

51 Treasury bills and other Treasury securities (4) 1575.0 1101.3 1096.8 777.3 1023.1 407.7 400.1 1278.2 745.3 359.7 935.6 51

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

53 Municipal securities 68.7 -53.6 -5.7 -39.4 56.0 -4.8 -109.9 -99.1 -39.0 35.2 -84.0 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 43.7 47.2 52.2 56.1 42.3 64.4 60.5 57.2 44.2 72.5 60.6 55

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

57 Miscellaneous liabilities (5) 386.2 440.3 395.8 394.8 406.0 305.8 782.4 84.9 487.4 234.4 384.4 57

58 Discrepancy -57.2 29.2 -99.3 -26.0 151.2 -326.9 108.8 -37.0 83.6 -90.1 235.1 58

 Memo:

59 Net govt. saving less fixed investment (6) -2217.8 -2097.9 -1931.1 -1470.6 -1556.5 -1379.8 -1578.4 -1367.7 -1375.6 -1416.7 -1443.9 59

60 Adjustment between NIPA and FOF (7) 494.3 430.4 579.5 534.9 347.0 832.2 406.3 554.0 433.9 610.1 295.1 60

61 Items to be financed (8) -1723.5 -1667.6 -1351.6 -935.7 -1209.5 -547.6 -1172.1 -813.7 -941.7 -806.7 -1148.8 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3766.1 3582.9 3776.0 4041.9 3849.1 3921.8 3926.6 4041.9 4103.4 4066.3 4109.3 1

 2 U.S. official reserve assets 95.1 110.9 114.2 109.8 111.6 111.3 112.6 109.8 109.3 110.1 103.7 2

 3 Checkable deposits and currency 446.9 205.8 209.3 286.9 194.0 246.6 203.6 286.9 263.8 260.5 283.9 3

 4 Time and savings deposits 242.6 257.9 291.5 303.5 295.1 293.6 300.9 303.5 315.4 312.6 322.4 4

 5 Money market fund shares 150.2 154.0 162.0 166.7 165.7 166.5 166.0 166.7 169.6 163.8 161.1 5

 6 Security repurchase agreements 125.0 121.6 128.4 132.6 131.5 132.2 131.9 132.6 135.0 130.5 128.5 6

 7 Credit market instruments 1774.9 1774.2 1884.8 1992.2 1943.1 1953.8 1981.4 1992.2 2041.6 2013.3 2026.5 7

 8 Open market paper 102.1 91.0 85.1 77.0 84.4 82.2 79.3 77.0 75.7 70.6 66.9 8

 9 Agency- and GSE-backed securities (1) 663.1 538.1 505.0 491.2 509.6 505.0 496.4 491.2 492.9 469.3 454.7 9

10 Municipal securities 12.9 13.2 13.7 13.9 14.0 14.0 13.9 13.9 14.1 13.6 13.3 10

11 Corporate and foreign bonds 165.5 164.9 170.8 173.2 174.1 174.3 173.1 173.2 175.6 169.1 165.6 11

12 Mortgages 310.1 313.3 322.4 329.4 328.3 328.5 328.0 329.4 333.0 325.4 321.9 12

13 Consumer credit 356.2 484.7 616.8 729.8 659.5 674.6 713.5 729.8 770.9 786.0 825.2 13

14 Other loans and advances (2) 165.1 169.0 171.0 177.7 173.1 175.3 177.2 177.7 179.4 179.3 178.8 14

15 Corporate equities 176.2 183.0 180.6 202.8 190.7 192.2 194.2 202.8 205.4 205.7 202.3 15

16 Mutual fund shares 58.4 59.3 67.3 81.2 73.2 74.3 76.7 81.2 82.6 82.9 81.7 16

17 Trade receivables 195.1 202.2 209.4 216.3 209.5 215.8 216.8 216.3 218.5 222.0 224.3 17

18 Taxes receivable 262.1 272.8 279.9 289.6 282.2 284.8 287.4 289.6 296.2 297.0 304.5 18

19 Miscellaneous assets 239.5 241.3 248.4 260.5 252.4 250.7 255.0 260.5 266.0 267.8 270.4 19

20 Total liabilities 17254.9 18760.1 19977.2 20451.4 20187.0 20174.9 20299.4 20451.4 20818.1 20727.3 21075.7 20

21 SDR allocations 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 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 25.9 25.9 25.9 25.6 25.9 25.9 25.6 25.6 25.6 25.6 25.3 23

24 Credit market instruments 11815.7 12861.9 13949.9 14684.1 14291.7 14263.0 14327.1 14684.1 14936.7 14902.5 15098.0 24

25 U.S. savings securities 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 177.7 176.8 25

26 Treasury bills and other Treasury securities (3) 8580.0 9681.3 10778.2 11555.5 11106.4 11086.7 11185.0 11555.5 11818.9 11782.9 12005.6 26

27 Budget agency securities 24.2 25.3 24.9 24.5 24.6 25.0 25.1 24.5 24.0 24.0 23.9 27

28 Municipal securities 3023.6 2970.0 2964.3 2924.9 2978.9 2970.4 2937.0 2924.9 2915.5 2918.0 2891.8 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 878.7 925.9 978.0 1034.2 996.0 1014.5 1028.0 1034.2 1052.9 1072.6 1086.2 30

31 Insurance reserves 48.4 49.7 50.0 50.3 50.1 50.2 50.1 50.3 50.3 50.4 50.7 31

32 Miscellaneous liabilities (4) 4426.6 4837.3 4913.9 4597.7 4765.2 4762.9 4809.2 4597.7 4692.8 4616.4 4755.7 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net acquisition of financial assets 126.9 176.4 56.5 84.6 71.5 31.7 80.7 154.5 200.8 89.8 120.7 1

 2 Checkable deposits and currency -2.0 3.0 1.4 -4.8 4.5 -38.7 36.2 -21.2 13.8 -6.1 14.9 2

 3 Money market fund shares -12.7 7.9 -1.4 -5.9 -27.4 -6.2 10.0 0.1 -5.4 -5.6 1.5 3

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

 5 Credit market instruments 111.7 122.4 37.9 70.1 47.7 72.3 43.7 116.6 135.4 103.2 102.3 5

 6 Open market paper -12.0 -12.6 15.9 1.4 -11.5 -6.2 3.5 19.7 6.6 -13.3 -13.9 6

 7 Treasury securities 15.2 10.3 1.3 -11.3 -18.3 -10.8 -8.0 -8.2 13.0 11.5 8.0 7

 8 Agency- and GSE-backed securities -5.6 -1.5 -4.9 -6.6 -5.2 -5.4 -10.9 -4.7 -10.0 -11.4 -16.1 8

 9 Municipal securities 39.5 9.2 9.0 9.2 9.6 9.7 7.2 10.3 8.3 10.8 4.0 9

10 Corporate and foreign bonds 83.4 93.3 1.6 57.0 72.5 64.3 25.1 66.1 96.6 84.5 96.8 10

11 Other loans and advances -0.2 7.9 1.9 3.5 -3.3 6.9 3.5 7.0 8.0 5.5 8.0 11

12 Mortgages -8.6 15.8 13.1 16.9 3.9 13.9 23.3 26.4 12.8 15.7 15.6 12

13 Corporate equities 4.0 0.3 -2.5 0.8 -9.3 6.5 -15.6 21.7 2.7 8.7 1.3 13

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

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

16 Miscellaneous assets 23.4 39.7 17.3 23.4 63.5 -5.6 1.4 34.2 60.8 -4.2 4.4 16

17 Net increase in liabilities 91.2 151.2 17.8 68.7 46.8 38.2 86.8 102.8 157.3 58.9 99.9 17

18 Security repurchase agreements -2.2 0.1 3.1 -0.8 0.5 0.6 -1.8 -2.5 0.8 -0.5 1.9 18

19 Corporate equity issues -4.8 -11.5 -9.9 -9.2 -6.6 -9.7 -10.7 -9.6 -14.3 -11.8 -14.0 19

20 Other loans and advances -3.2 1.8 4.8 7.8 5.2 6.5 -2.9 22.5 7.7 8.0 13.7 20

21 Life insurance reserves 32.0 73.0 -6.2 28.3 10.1 26.5 44.3 32.4 62.7 4.4 36.3 21

22 Pension entitlements (1) 21.0 36.4 9.7 21.6 47.6 8.6 15.7 14.4 59.9 -14.4 50.5 22

23 Taxes payable (net) 2.6 5.2 -4.6 -2.3 -0.6 -6.7 0.0 -1.8 5.0 -1.0 -3.4 23

24 Foreign direct investment in U.S. 6.3 -5.4 1.4 5.1 6.4 10.4 6.8 -3.3 5.8 13.1 15.2 24

25 Miscellaneous liabilities 39.5 51.6 19.5 18.1 -15.7 2.1 35.3 50.8 29.7 61.0 -0.4 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 54.6 52.6 70.5 18.1 25.4 -10.3 35.2 21.9 24.3 110.7 18.8 1

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

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

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

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

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

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

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

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

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

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

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

13 Miscellaneous assets -31.0 12.7 13.9 1.0 9.2 -26.9 17.9 4.0 -1.7 84.8 -7.1 13

14 Net increase in liabilities 53.8 52.5 72.7 18.5 27.5 -10.9 35.7 21.6 24.3 110.9 18.0 14

15 Life insurance reserves -18.4 6.9 -5.9 1.4 1.4 1.4 1.4 1.4 1.9 12.2 2.7 15

16 Pension entitlements (1) 51.0 49.2 70.8 16.3 29.0 17.1 10.5 8.8 6.3 76.8 8.9 16

17 Miscellaneous liabilities 21.1 -3.6 7.8 0.7 -2.9 -29.4 23.8 11.4 16.1 21.9 6.4 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3335.5 3512.5 3570.3 3657.0 3591.0 3599.7 3630.2 3657.0 3708.5 3734.6 3770.0 1

 2 Checkable deposits and currency 32.4 35.3 36.7 31.9 37.8 28.1 37.2 31.9 35.4 33.8 37.6 2

 3 Money market fund shares 21.0 28.8 27.5 21.6 20.6 19.1 21.6 21.6 20.2 18.8 19.2 3

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

 5 Credit market instruments 2887.0 3009.3 3047.3 3117.3 3056.1 3076.2 3092.4 3117.3 3147.6 3175.6 3206.9 5

 6 Open market paper 21.2 8.6 24.5 25.9 19.8 19.7 24.0 25.9 25.2 23.5 23.9 6

 7 Treasury securities 128.9 139.2 140.5 129.2 135.9 133.2 131.2 129.2 132.4 135.3 137.3 7

 8 Agency- and GSE-backed securities 283.5 282.0 277.1 270.5 275.8 274.4 271.7 270.5 268.0 265.1 261.1 8

 9 Municipal securities 108.3 117.5 126.6 135.7 129.0 131.4 133.2 135.7 137.8 140.5 141.5 9

10 Corporate and foreign bonds 1897.7 1991.0 1992.6 2049.6 2010.8 2026.8 2033.1 2049.6 2073.8 2094.9 2119.1 10

11 Other loans and advances 140.2 148.1 150.0 153.6 149.2 150.9 151.8 153.6 155.6 156.9 158.9 11

12 Mortgages 307.1 322.9 336.0 352.8 335.7 339.7 347.4 352.8 354.7 359.3 365.0 12

13 Corporate equities 74.3 75.3 74.0 76.5 75.2 76.0 77.3 76.5 79.2 83.3 83.1 13

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

15 U.S. direct investment abroad 46.3 54.2 67.0 65.5 67.0 68.0 67.9 65.5 65.4 64.3 63.2 15

16 Miscellaneous assets 261.2 296.3 305.9 332.0 324.0 322.2 322.4 332.0 350.1 348.5 349.6 16

17 Total liabilities 3007.6 3170.3 3198.0 3275.9 3211.4 3223.4 3247.8 3275.9 3318.8 3336.5 3364.9 17

18 Security repurchase agreements 10.3 10.4 13.5 12.7 13.7 13.8 13.4 12.7 12.9 12.8 13.3 18

19 Other loans and advances 45.1 46.8 51.6 59.4 52.9 54.5 53.8 59.4 61.3 63.3 66.8 19

20 Life insurance reserves 1001.5 1074.5 1068.3 1096.6 1070.8 1077.4 1088.5 1096.6 1112.3 1113.4 1122.4 20

21 Pension entitlements (1) 1012.1 1048.5 1058.3 1079.8 1070.2 1072.3 1076.2 1079.8 1094.8 1091.2 1103.8 21

22 Taxes payable (net) -28.8 -23.6 -28.3 -30.5 -28.4 -30.1 -30.1 -30.5 -29.3 -29.5 -30.4 22

23 Foreign direct investment in U.S. 84.3 103.6 106.0 97.7 107.6 110.2 111.9 97.7 99.1 102.4 106.2 23

24 Miscellaneous liabilities 883.2 910.1 928.6 960.2 924.7 925.2 934.1 960.2 967.6 982.9 982.8 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 1832.4 1827.6 2044.4 2320.3 2147.6 2151.1 2226.8 2320.3 2340.9 2410.4 2375.0 1

 2 Checkable deposits and currency 19.3 18.4 19.7 15.3 18.5 17.4 16.3 15.3 14.7 14.2 13.7 2

 3 Credit market instruments 287.3 290.2 326.6 333.9 328.3 330.1 332.0 333.9 333.4 332.9 332.4 3

 4 Open market paper 19.7 21.1 19.1 20.9 19.5 20.0 20.4 20.9 21.0 21.1 21.3 4

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

 6 Agency- and GSE-backed securities 92.4 92.4 83.8 83.6 83.8 83.7 83.7 83.6 81.6 79.6 77.7 6

 7 Municipal securities 4.0 4.3 4.9 5.9 5.2 5.4 5.6 5.9 6.1 6.3 6.5 7

 8 Corporate and foreign bonds 132.5 126.2 169.6 173.4 170.5 171.4 172.4 173.4 174.2 175.0 175.8 8

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

10 Mortgages 10.3 9.6 8.5 10.4 8.9 9.4 9.8 10.4 10.5 10.6 10.7 10

11 Corporate equities 1328.2 1314.9 1471.0 1717.9 1563.1 1571.5 1635.0 1717.9 1739.2 1784.7 1754.8 11

12 Mutual fund shares 153.1 147.0 155.9 181.1 164.2 165.4 172.4 181.1 181.9 185.7 182.9 12

13 Miscellaneous assets 44.5 57.2 71.1 72.1 73.4 66.7 71.1 72.1 71.7 92.9 91.1 13

14 Total liabilities 1836.6 1831.9 2050.8 2327.0 2154.5 2157.8 2233.7 2327.0 2347.6 2417.0 2381.5 14

15 Life insurance reserves 228.4 227.8 240.7 269.7 249.3 250.7 258.8 269.7 271.9 279.9 275.8 15

16 Pension entitlements (1) 1329.2 1334.7 1517.1 1735.6 1601.5 1609.7 1665.3 1735.6 1748.4 1799.8 1768.3 16

17 Miscellaneous liabilities 279.0 269.4 292.9 321.7 303.7 297.4 309.7 321.7 327.3 337.3 337.4 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net acquisition of financial assets (1) 47.5 46.6 24.8 18.8 12.2 13.2 19.0 30.8 30.8 30.8 30.8 1

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

 3 Time and savings deposits -0.2 1.2 -3.3 -0.7 0.1 -1.2 -1.8 0.2 1.8 2.9 -1.3 3

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

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

 6 Credit market instruments 71.7 78.0 83.8 35.2 8.2 37.1 47.3 48.3 -3.7 65.8 19.1 6

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

 8 Treasury securities 7.4 19.3 15.9 24.8 35.7 29.3 18.1 15.9 10.1 14.6 16.6 8

 9 Agency- and GSE-backed securities 2.7 14.3 11.0 9.8 9.0 9.3 10.1 10.8 -1.1 12.4 -4.1 9

10 Corporate and foreign bonds 61.4 45.8 60.7 6.9 -34.6 2.3 28.9 30.9 -13.0 33.5 5.8 10

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

12 Corporate equities -4.1 -65.4 -11.0 -21.7 -1.1 -23.2 -25.5 -37.0 -4.8 -22.6 -24.4 12

13 Mutual fund shares -10.8 12.5 -46.4 -7.9 14.1 -8.0 -8.8 -28.9 -1.6 -13.3 -8.4 13

14 Miscellaneous assets -6.2 18.8 7.1 14.9 -9.2 10.5 10.4 48.0 39.1 -6.6 47.8 14

15 Unallocated insurance contracts (2) -8.2 12.7 -9.5 -0.3 1.0 -0.5 1.2 -3.0 1.2 4.8 4.5 15

16 Contributions receivable 13.4 1.7 -12.4 -0.8 0.9 -0.0 -0.6 -3.5 -0.2 2.1 -0.5 16

17 Claims of pension fund on sponsor (3) -20.7 -16.8 8.4 12.1 -5.1 -4.7 7.0 51.2 8.2 -47.1 31.9 17

18 Other 9.3 21.2 20.6 4.0 -6.0 15.7 2.8 3.3 29.9 33.6 12.0 18

19 Net increase in pension entitlements (liabilities) (4) 47.5 46.6 24.9 18.8 12.2 13.2 19.0 30.8 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 130.4 49.0 89.2 103.4 68.1 118.5 115.4 111.4 95.1 130.5 107.0 1

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

 3 Time and savings deposits -0.4 0.4 -0.6 0.4 0.6 0.3 0.5 0.3 0.0 0.2 0.1 3

 4 Money market fund shares -5.1 16.8 -13.1 2.9 15.6 -0.9 -4.0 1.0 -5.4 8.0 -6.7 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 48.9 -4.4 62.8 14.6 20.0 53.4 -5.7 -9.3 -4.4 13.0 26.4 6

 7 Open market paper -1.0 1.4 -1.2 0.5 2.4 0.2 -0.4 -0.3 1.9 -0.1 1.0 7

 8 Treasury securities 23.9 7.7 28.4 11.3 11.8 22.6 3.7 7.2 4.8 4.0 8.9 8

 9 Agency- and GSE-backed securities 3.8 -10.0 11.2 5.4 5.0 7.3 4.2 5.3 -4.3 3.9 -2.6 9

10 Corporate and foreign bonds 20.7 -1.2 23.2 -1.6 2.2 24.2 -12.0 -20.8 -5.8 4.2 17.1 10

11 Mortgages 1.6 -2.2 1.3 -1.0 -1.3 -0.9 -1.1 -0.7 -1.0 0.9 2.0 11

12 Corporate equities 26.8 5.2 -7.6 22.1 23.1 23.8 13.1 28.5 20.8 24.4 -3.1 12

13 Mutual fund shares 45.8 -4.2 20.2 35.6 31.3 22.9 47.1 41.2 29.6 36.0 54.4 13

14 Miscellaneous assets 14.8 31.4 28.1 27.4 -23.5 17.0 65.1 50.8 54.1 46.4 35.4 14

15 Unallocated insurance contracts (2) 7.9 8.0 14.5 11.2 -11.2 4.9 22.2 28.8 22.0 17.5 9.1 15

16 Contributions receivable 2.0 1.3 0.1 0.2 0.4 0.4 -0.3 0.5 -0.6 -0.2 4.1 16

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

18 Net increase in pension entitlements (liabilities) 130.4 49.0 89.2 103.4 68.1 118.5 115.4 111.4 95.1 130.5 107.0 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: 51.8 208.0 101.0 -141.3 -384.2 -110.8 249.1 -319.4 136.0 102.5 ND 1

 2 U.S.-chartered depository institutions 26.6 20.3 24.4 -0.4 -15.4 38.4 2.3 -26.9 -27.0 -6.9 ND 2

 3 Credit unions 3.0 1.2 1.4 -0.7 0.1 0.1 -0.1 -2.8 -1.2 -1.5 ND 3

 4 Life insurance companies 12.3 16.3 16.2 6.1 15.8 1.0 5.1 2.4 12.5 14.4 ND 4

 5 Money market mutual funds -24.0 9.0 6.0 13.0 -20.0 60.0 24.0 -12.0 -16.0 -16.0 ND 5

 6 Mutual funds 125.5 41.4 82.3 105.5 180.4 -21.5 117.1 145.9 117.8 175.3 ND 6

 7 Other self-directed accounts -91.7 119.7 -29.4 -264.8 -545.1 -188.9 100.6 -426.0 50.0 -62.7 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets (1) 2835.7 2947.1 3017.8 3068.5 3028.8 3040.1 3052.8 3068.5 3076.2 3083.9 3091.6 1

 2 Checkable deposits and currency 7.7 9.5 8.4 8.2 8.4 8.3 8.2 8.2 8.4 8.6 8.5 2

 3 Time and savings deposits 27.5 28.7 25.4 24.7 25.4 25.1 24.6 24.7 25.1 25.8 25.5 3

 4 Money market fund shares 34.7 34.3 30.3 29.6 30.4 30.0 29.5 29.6 29.4 30.2 29.9 4

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

 6 Credit market instruments 615.1 693.2 777.0 812.2 779.0 788.3 800.1 812.2 811.3 827.7 832.5 6

 7 Open market paper 30.2 31.3 27.6 23.8 27.7 27.3 25.5 23.8 24.4 25.0 24.7 7

 8 Treasury securities 119.4 138.8 154.7 179.5 163.6 170.9 175.5 179.5 182.0 185.6 189.8 8

 9 Agency- and GSE-backed securities 119.0 133.3 144.3 154.1 146.5 148.8 151.4 154.1 153.8 156.9 155.9 9

10 Corporate and foreign bonds 328.3 374.1 434.7 441.6 426.1 426.6 433.9 441.6 438.3 446.7 448.2 10

11 Mortgages 18.2 15.8 15.7 13.3 15.1 14.5 13.9 13.3 12.8 13.4 14.0 11

12 Corporate equities 1010.7 929.5 1048.0 1247.0 1121.0 1132.1 1185.1 1247.0 1267.6 1306.3 1293.3 12

13 Mutual fund shares 349.8 356.6 359.3 427.5 387.9 391.8 410.1 427.5 434.6 446.5 442.0 13

14 Miscellaneous assets 787.5 892.6 767.0 517.0 674.2 662.2 592.7 517.0 497.5 436.3 457.6 14

15 Unallocated insurance contracts (2) 53.0 64.5 58.2 63.4 60.7 60.8 62.3 63.4 64.0 66.1 66.5 15

16 Contributions receivable 63.1 64.8 52.4 51.6 52.7 52.6 52.5 51.6 51.6 52.1 52.0 16

17 Claims of pension fund on sponsor (3) 446.5 517.2 389.8 131.4 295.7 279.6 208.2 131.4 103.8 31.7 49.7 17

18 Other 224.8 246.0 266.6 270.6 265.1 269.1 269.8 270.6 278.1 286.5 289.5 18

19 Pension entitlements (liabilities) (4) 2872.2 2983.7 3054.3 3105.0 3065.3 3076.6 3089.3 3105.0 3112.7 3120.4 3128.1 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 3777.8 3769.7 4223.7 5037.2 4510.6 4599.0 4795.9 5037.2 5118.4 5282.4 5290.9 1

 2 Checkable deposits and currency 4.8 8.6 7.9 8.3 8.2 8.7 8.5 8.3 8.4 9.0 9.1 2

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

 4 Money market fund shares 101.7 118.5 105.4 108.3 109.3 109.1 108.1 108.3 107.0 109.0 107.3 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 280.8 276.4 339.2 353.8 344.2 357.5 356.1 353.8 352.7 355.9 362.5 6

 7 Open market paper 10.0 11.3 10.1 10.5 10.7 10.7 10.6 10.5 11.0 11.0 11.3 7

 8 Treasury securities 87.4 95.1 123.5 134.9 126.5 132.1 133.1 134.9 136.1 137.1 139.3 8

 9 Agency- and GSE-backed securities 65.0 54.9 66.1 71.5 67.3 69.2 70.2 71.5 70.5 71.4 70.8 9

10 Corporate and foreign bonds 110.2 108.9 132.1 130.5 132.6 138.7 135.7 130.5 129.0 130.0 134.3 10

11 Mortgages 8.3 6.1 7.4 6.4 7.1 6.8 6.6 6.4 6.1 6.4 6.9 11

12 Corporate equities 838.4 821.6 925.7 1156.9 1014.6 1035.6 1085.6 1156.9 1177.1 1221.8 1210.6 12

13 Mutual fund shares 1799.1 1763.9 2026.3 2542.8 2212.6 2261.3 2389.9 2542.8 2591.5 2690.1 2696.6 13

14 Miscellaneous assets 749.1 776.3 815.5 863.0 817.8 822.9 843.6 863.0 877.6 892.5 900.5 14

15 Unallocated insurance contracts (2) 416.4 420.1 445.7 477.0 451.1 453.1 463.1 477.0 483.6 491.2 492.6 15

16 Contributions receivable 27.7 29.0 29.0 29.3 29.1 29.2 29.1 29.3 29.1 29.0 30.1 16

17 Other 305.1 327.3 340.8 356.7 337.6 340.6 351.4 356.7 364.9 372.2 377.7 17

18 Pension entitlements (liabilities) 3777.8 3769.7 4223.7 5037.2 4510.6 4599.0 4795.9 5037.2 5118.4 5282.4 5290.9 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.

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

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

 1 Total held at: 5029.0 5241.0 5830.0 6840.0 6143.0 6209.0 6505.0 6840.0 6944.0 7171.0 ND 1

 2 U.S.-chartered depository institutions 383.3 403.6 428.0 427.6 424.2 433.8 434.4 427.6 420.9 419.2 ND 2

 3 Credit unions 77.2 78.4 79.9 79.2 79.9 79.9 79.9 79.2 78.9 78.5 ND 3

 4 Life insurance companies 440.0 449.0 484.0 524.0 501.0 502.0 512.0 524.0 529.0 538.0 ND 4

 5 Money market mutual funds 202.0 211.0 217.0 230.0 212.0 227.0 233.0 230.0 226.0 222.0 ND 5

 6 Mutual funds 1945.0 1905.0 2160.0 2625.0 2313.0 2325.0 2460.0 2625.0 2682.0 2795.0 ND 6

 7 Other self-directed accounts 1981.5 2193.9 2461.1 2954.2 2613.0 2641.3 2785.8 2954.2 3007.2 3118.3 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net acquisition of financial assets (1) 220.7 215.2 208.3 202.8 201.5 202.6 203.9 203.1 203.1 203.1 203.1 1

 2 Checkable deposits and currency 0.5 0.2 -0.1 0.9 0.6 0.3 0.4 2.2 -1.7 -1.6 -1.4 2

 3 Time and savings deposits 5.9 2.8 -0.3 7.7 5.0 2.6 3.8 19.3 -15.1 -13.8 -12.7 3

 4 Money market fund shares 2.3 -1.4 -3.1 8.1 5.3 2.8 4.0 20.3 -15.9 -14.6 -13.4 4

 5 Security repurchase agreements 0.3 0.1 -0.1 0.7 0.4 0.2 0.3 1.7 -1.3 -1.2 -1.1 5

 6 Credit market instruments 19.2 12.4 6.6 64.7 40.8 114.9 14.8 88.3 62.8 239.5 108.0 6

 7 Open market paper 5.7 2.4 -0.7 8.2 5.4 2.8 4.1 20.6 -16.2 -14.8 -13.5 7

 8 Treasury securities 7.8 9.2 18.8 16.1 17.5 30.6 12.4 4.1 20.6 108.8 55.0 8

 9 Agency- and GSE-backed securities 1.1 13.2 21.4 13.6 15.9 27.6 6.8 4.2 13.1 37.3 12.7 9

10 Municipal securities 0.7 -0.7 -0.9 -0.1 -0.3 -0.2 -0.3 0.3 -0.7 -0.0 -0.2 10

11 Corporate and foreign bonds 4.4 -11.5 -31.3 29.5 4.5 56.2 -6.1 63.3 36.3 103.7 44.7 11

12 Mortgages -0.4 -0.1 -0.7 -2.6 -2.2 -1.9 -2.0 -4.2 9.6 4.6 9.3 12

13 Corporate equities -80.6 -56.2 -44.1 -170.7 -160.0 -141.7 -141.9 -239.3 -240.5 -129.1 -187.7 13

14 Mutual fund shares -18.2 -61.0 -50.1 -11.7 -10.1 -8.9 -9.0 -19.0 -23.2 -11.6 -15.7 14

15 Miscellaneous assets 291.2 318.3 299.6 303.2 319.5 232.5 331.3 329.6 438.2 135.5 327.1 15

16 Claims of pension fund on sponsor (2) 275.5 316.6 300.1 289.9 305.9 218.3 316.2 319.3 408.2 112.7 302.9 16

17 Other 15.7 1.7 -0.5 13.3 13.6 14.2 15.1 10.3 30.0 22.8 24.2 17

18 Pension entitlements (liabilities) (3) 220.7 215.2 208.4 202.9 201.6 202.8 204.1 203.3 203.3 203.3 203.3 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 23.6 -11.2 -7.4 22.3 1.9 25.9 25.0 36.6 23.0 38.6 58.4 1

 2 Checkable deposits and currency 0.0 0.2 0.4 -0.2 0.0 2.2 -0.3 -2.7 0.0 3.0 0.1 2

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

 4 Money market fund shares 0.0 0.4 -0.4 0.8 0.0 0.0 0.0 3.0 -1.3 1.4 -3.1 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 3.1 2.0 1.4 -1.8 -0.1 0.4 -4.1 -3.6 -1.4 1.5 0.2 6

 7 Open market paper -1.2 -0.3 -0.6 0.6 2.0 -0.7 3.1 -1.8 2.2 -1.0 1.0 7

 8 Treasury securities 2.8 2.4 0.3 -2.9 0.1 -3.2 -4.3 -4.0 0.2 -0.8 -1.7 8

 9 Agency- and GSE-backed securities -0.2 -0.8 -0.5 -0.1 -0.9 0.6 -0.5 0.4 -4.1 2.6 -1.3 9

10 Municipal securities 0.1 0.0 0.2 0.4 -0.0 1.5 -0.0 -0.0 -0.1 0.1 0.3 10

11 Corporate and foreign bonds 1.6 0.7 2.0 0.1 -1.2 2.3 -2.3 1.8 0.4 0.6 2.0 11

12 Corporate equities 2.0 2.7 -2.0 13.9 12.2 22.1 5.8 15.4 16.4 13.4 16.9 12

13 Mutual fund shares 4.8 -5.4 0.5 2.3 12.5 -2.4 2.1 -2.9 5.7 0.0 39.6 13

14 Miscellaneous assets 14.2 -10.8 -6.9 7.1 -22.9 3.7 20.2 27.5 3.9 19.4 4.9 14

15 Unallocated insurance contracts (2) 14.2 -10.7 -6.9 6.3 -22.9 2.1 20.4 25.5 3.8 16.1 4.8 15

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

17 Pension entitlements (liabilities) 23.6 -11.2 -7.4 22.3 1.9 25.9 25.0 36.6 23.0 38.6 58.4 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets (1) 4302.2 4493.4 4637.3 4721.7 4657.5 4682.4 4702.7 4721.7 4771.8 4816.1 4860.1 1

 2 Checkable deposits and currency 4.1 4.3 4.2 5.0 4.3 4.4 4.5 5.0 4.6 4.2 3.9 2

 3 Time and savings deposits 34.6 37.4 37.1 44.8 38.4 39.0 40.0 44.8 41.0 37.6 34.4 3

 4 Money market fund shares 43.5 42.2 39.1 47.2 40.4 41.1 42.1 47.2 43.2 39.6 36.2 4

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

 6 Credit market instruments 761.6 774.1 780.6 845.3 790.8 819.6 823.3 845.3 861.0 920.9 947.9 6

 7 Open market paper 38.0 40.3 39.6 47.9 41.0 41.7 42.7 47.9 43.8 40.1 36.7 7

 8 Treasury securities 159.3 168.5 187.3 203.4 191.6 199.3 202.4 203.4 208.5 235.7 249.5 8

 9 Agency- and GSE-backed securities 159.8 172.9 194.3 207.9 198.3 205.2 206.9 207.9 211.2 220.5 223.7 9

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

11 Corporate and foreign bonds 390.6 379.0 347.7 377.2 348.8 362.9 361.4 377.2 386.3 412.2 423.4 11

12 Mortgages 11.9 11.9 11.2 8.6 10.7 10.2 9.7 8.6 11.0 12.1 14.5 12

13 Corporate equities 1793.6 1728.8 1926.9 2309.4 2089.7 2102.1 2185.3 2309.4 2276.1 2360.6 2267.6 13

14 Mutual fund shares 217.0 152.2 121.6 146.4 131.9 132.7 138.0 146.4 142.8 147.6 142.9 14

15 Miscellaneous assets 1444.4 1751.1 1724.5 1319.6 1558.6 1540.1 1466.0 1319.6 1399.3 1302.3 1424.2 15

16 Claims of pension fund on sponsor (2) 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1173.6 1289.5 16

17 Other 101.0 102.7 102.2 115.5 105.6 109.2 113.0 115.5 123.0 128.7 134.8 17

18 Pension entitlements (liabilities) (3) 4408.7 4604.1 4762.4 4862.9 4787.2 4812.3 4837.7 4862.9 4913.7 4964.5 5015.4 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 476.3 441.1 460.2 526.9 477.0 479.1 500.3 526.9 530.9 547.1 551.5 1

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

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

 4 Money market fund shares 0.0 0.4 0.0 0.8 0.0 0.0 0.0 0.8 0.4 0.8 0.0 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 33.7 35.7 37.1 35.3 37.1 37.2 36.1 35.3 34.9 35.3 35.3 6

 7 Open market paper 3.9 3.7 3.0 3.6 3.5 3.3 4.1 3.6 4.2 3.9 4.2 7

 8 Treasury securities 13.3 15.7 16.0 13.1 16.0 15.2 14.1 13.1 13.2 13.0 12.6 8

 9 Agency- and GSE-backed securities 9.9 9.1 8.6 8.4 8.3 8.5 8.4 8.4 7.4 8.1 7.8 9

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

11 Corporate and foreign bonds 6.4 7.1 9.1 9.2 8.8 9.4 8.8 9.2 9.3 9.5 10.0 11

12 Corporate equities 136.5 121.8 132.0 162.0 142.7 142.6 150.7 162.0 162.3 167.1 164.2 12

13 Mutual fund shares 153.1 141.8 155.0 183.0 165.9 166.5 174.6 183.0 186.4 191.2 197.9 13

14 Miscellaneous assets 151.9 140.5 135.1 144.8 130.3 131.3 137.0 144.8 145.9 151.1 152.4 14

15 Unallocated insurance contracts (2) 151.5 140.1 134.7 143.6 130.0 130.6 136.3 143.6 144.7 149.1 150.3 15

16 Other 0.4 0.4 0.3 1.2 0.3 0.7 0.7 1.2 1.2 2.0 2.1 16

17 Pension entitlements (liabilities) 476.3 441.1 460.2 526.9 477.0 479.1 500.3 526.9 530.9 547.1 551.5 17

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

(2) Assets held at life insurance companies.
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134 Z.1, December 11, 2014

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net acquisition of financial assets (2) 84.2 90.0 88.6 89.9 86.5 88.7 90.6 93.9 92.7 93.4 93.0 1

 2 Credit market instruments -0.8 0.3 -0.0 -0.0 -0.7 -0.5 1.5 -0.3 -0.7 -0.4 -0.6 2

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

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

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

 6 Corporate equities -0.9 -1.9 -2.0 -1.5 -1.3 -0.9 -3.2 -0.5 -1.3 -0.8 -1.1 6

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

 8 Nonmarketable Treasury securities (3) 65.7 70.8 40.4 98.2 172.5 -308.1 -63.5 592.0 74.9 52.6 79.9 8

 9 Claims of pension fund on sponsor (4) 20.2 20.8 50.3 -6.8 -84.0 398.2 155.9 -497.3 19.8 42.1 14.7 9

10 Pension entitlements (liabilities) (5) 84.2 90.0 88.6 89.9 86.5 88.7 90.6 93.9 92.7 93.4 93.0 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 18.0 23.0 13.3 20.0 4.3 -33.6 18.0 91.3 15.3 10.4 28.6 1

 2 Credit market instruments 11.6 25.2 15.4 9.4 -13.3 -43.8 -382.8 477.7 6.8 9.9 21.2 2

 3 Treasury securities (2) 10.4 23.7 12.4 12.5 -9.3 -40.5 -379.5 479.2 12.2 8.4 21.2 3

 4 Agency- and GSE-backed securities 0.8 0.9 1.7 -1.7 -2.2 -1.8 -1.8 -0.8 -2.8 0.7 -0.0 4

 5 Corporate and foreign bonds 0.5 0.6 1.3 -1.4 -1.8 -1.5 -1.5 -0.7 -2.7 0.7 -0.0 5

 6 Corporate equities 6.3 -2.3 -2.1 10.6 17.6 10.2 -6.0 20.5 8.5 0.5 7.4 6

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

 8 Pension entitlements (liabilities) 18.0 23.0 13.3 20.0 4.3 -33.6 18.0 91.3 15.3 10.4 28.6 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets (2) 2894.8 2980.8 3070.0 3161.7 3092.4 3114.5 3137.5 3161.7 3185.1 3208.9 3232.1 1

 2 Credit market instruments 5.8 6.1 6.1 6.1 5.9 5.8 6.1 6.1 5.9 5.8 5.7 2

 3 Treasury securities 2.1 1.7 1.5 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.3 3

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

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

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

 7 Miscellaneous assets 2876.6 2964.3 3054.1 3144.5 3076.0 3098.2 3121.1 3144.5 3168.1 3191.8 3215.5 7

 8 Nonmarketable Treasury securities (3) 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 1342.6 1361.8 8

 9 Claims of pension fund on sponsor (4) 1733.7 1750.7 1800.0 1792.1 1810.4 1919.9 1959.5 1792.1 1828.4 1849.3 1853.7 9

10 Pension entitlements (liabilities) (5) 2894.8 2980.8 3070.0 3161.7 3092.4 3114.5 3137.5 3161.7 3185.1 3208.9 3232.1 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 Total financial assets 264.5 285.2 314.9 381.0 330.5 325.6 342.5 381.0 388.5 400.7 409.3 1

 2 Credit market instruments 136.0 161.2 176.6 186.0 173.3 162.3 66.6 186.0 187.7 190.2 195.5 2

 3 Treasury securities (2) 128.0 151.7 164.1 176.6 161.8 151.7 56.8 176.6 179.6 181.7 187.1 3

 4 Agency- and GSE-backed securities 4.9 5.8 7.5 5.9 7.0 6.5 6.1 5.9 5.2 5.4 5.3 4

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

 6 Corporate equities 128.5 124.0 138.3 195.0 157.3 163.3 174.2 195.0 200.8 210.5 213.8 6

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

 8 Pension entitlements (liabilities) 264.5 285.2 314.9 381.0 330.5 325.6 342.5 381.0 388.5 400.7 409.3 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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net acquisition of financial assets -0.8 8.1 14.1 13.3 -5.3 19.9 24.8 13.6 30.4 43.9 -6.7 1

 2 Checkable deposits and currency -4.1 -2.3 4.1 1.0 -2.8 7.0 19.1 -19.1 -3.6 15.4 -0.8 2

 3 Credit market instruments 0.7 2.3 1.5 -1.9 -11.2 1.4 -0.3 2.4 3.9 2.4 -0.2 3

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

 5 Mortgages 0.4 2.9 1.6 -0.1 -7.1 1.7 0.6 4.4 3.4 1.0 0.2 5

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

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

 8 Commercial 0.3 2.9 1.5 -0.1 -6.9 0.7 0.9 4.9 3.6 1.0 0.4 8

 9 Miscellaneous assets 2.6 8.1 8.5 14.2 8.7 11.5 6.1 30.3 30.1 26.1 -5.7 9

10 Net increase in liabilities -0.4 37.4 38.5 36.4 -3.2 20.2 48.0 80.5 53.8 70.9 1.8 10

11 Credit market instruments 0.1 32.8 33.9 34.5 3.9 20.5 38.8 74.8 51.7 59.1 -4.7 11

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

13 Depository institution loans n.e.c. -1.8 6.1 1.4 -2.2 -20.4 5.9 17.8 -11.9 11.5 -8.4 0.3 13

14 Mortgages 0.8 13.5 4.8 7.8 20.6 4.6 -14.3 20.2 12.6 6.5 -0.3 14

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

16 Commercial 0.4 13.3 6.0 4.5 2.3 5.2 -12.7 22.9 14.4 4.4 0.3 16

17 Miscellaneous liabilities -0.5 4.6 4.6 1.9 -7.1 -0.4 9.2 5.7 2.1 11.9 6.5 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 40.5 123.1 146.9 36.8 10.4 474.4 -149.1 -188.4 68.9 54.8 1.1 1

 2 Checkable deposits and currency -1.6 4.8 3.6 -2.3 25.1 -20.6 -9.4 -4.4 -1.0 3.1 0.3 2

 3 Credit market instruments 43.3 117.9 126.1 41.1 -28.0 467.5 -79.2 -195.9 60.8 32.9 -11.0 3

 4 Agency- and GSE-backed securities 38.2 104.7 109.5 -95.6 -46.7 -73.4 -82.7 -179.7 -35.4 44.1 -21.4 4

 5 Corporate and foreign bonds 6.8 4.4 9.7 1.6 17.1 -0.1 2.1 -12.6 5.6 -4.1 -0.6 5

 6 Mortgages -1.7 8.8 6.9 135.1 1.7 540.9 1.4 -3.7 90.6 -7.0 11.0 6

 7 Home 0.1 10.9 6.8 -3.3 0.9 18.3 0.0 -32.4 9.1 6.8 28.7 7

 8 Multifamily residential -0.3 -0.2 0.1 0.5 1.3 1.7 -0.2 -0.6 -0.7 0.2 4.5 8

 9 Commercial -1.5 -1.9 -0.0 137.8 -0.4 520.9 1.5 29.3 82.2 -14.0 -22.3 9

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

11 Net increase in liabilities 34.4 93.1 124.9 53.8 -10.6 493.0 -149.0 -118.4 59.1 33.0 -2.8 11

12 Security repurchase agreements 29.9 97.7 102.4 -66.6 5.8 -48.9 -84.1 -139.3 -53.2 36.8 -1.8 12

13 Credit market instruments -0.1 -7.2 1.6 143.9 4.1 529.7 -0.3 42.1 88.3 -9.7 5.7 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 -0.0 -5.7 -0.9 144.7 7.2 527.3 -0.3 44.5 87.8 -5.9 3.7 15

16 Depository institution loans n.e.c. -0.0 -1.5 2.5 -0.8 -3.1 2.4 0.0 -2.5 0.5 -3.8 1.9 16

17 Miscellaneous liabilities 4.6 2.5 20.9 -23.5 -20.5 12.2 -64.7 -21.2 24.0 5.8 -6.7 17

 Memo:

18 Securitized assets included above -0.5 -3.8 1.3 139.6 1.3 521.9 2.8 32.3 81.6 -23.5 -5.5 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 1.1 -0.7 3.7 4.0 1.7 8.2 0.5 5.7 1.4 -1.6 3.7 20

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

22 Commercial mortgages -1.6 -3.0 -2.4 135.6 -0.6 513.7 2.3 26.8 80.3 -22.3 -9.1 22
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Z.1, December 11, 2014 137

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

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

2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 94.3 102.3 116.4 129.7 115.1 120.1 126.3 129.7 137.3 148.3 146.6 1

 2 Checkable deposits and currency 19.3 17.0 21.1 22.1 20.4 22.1 26.9 22.1 21.2 25.1 24.9 2

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

 4 Corporate and foreign bonds 5.4 4.8 4.6 2.8 3.6 3.5 3.3 2.8 2.9 3.2 3.1 4

 5 Mortgages 15.9 18.8 20.4 20.3 18.6 19.0 19.2 20.3 21.2 21.4 21.5 5

 6 Home 0.1 0.2 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 0.4 0.3 0.3 0.5 0.5 0.3 0.3 0.3 0.3 7

 8 Commercial 15.5 18.3 19.9 19.8 18.1 18.3 18.5 19.8 20.6 20.9 21.0 8

 9 Miscellaneous assets 53.7 61.8 70.3 84.5 72.5 75.4 76.9 84.5 92.0 98.5 97.1 9

10 Total liabilities 346.8 384.1 422.6 459.0 421.8 426.9 438.9 459.0 472.5 490.2 490.7 10

11 Credit market instruments 300.9 333.6 367.5 402.0 368.5 373.6 383.3 402.0 415.0 429.7 428.6 11

12 Corporate bonds 108.4 121.6 149.2 178.1 150.2 152.7 161.5 178.1 185.0 200.3 199.1 12

13 Depository institution loans n.e.c. 16.4 22.5 23.9 21.7 18.8 20.3 24.7 21.7 24.6 22.5 22.6 13

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

15 Multifamily residential 27.8 27.9 26.7 30.0 31.3 31.1 30.7 30.0 29.6 30.1 29.9 15

16 Commercial 148.3 161.7 167.7 172.1 168.3 169.6 166.4 172.1 175.7 176.8 176.9 16

17 Miscellaneous liabilities 45.9 50.5 55.1 57.0 53.3 53.2 55.5 57.0 57.5 60.4 62.1 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 208.1 331.1 477.8 514.5 480.4 598.9 561.6 514.5 531.7 545.4 545.6 1

 2 Checkable deposits and currency 5.8 10.7 14.2 11.9 20.5 15.3 13.0 11.9 11.6 12.4 12.5 2

 3 Credit market instruments 189.9 307.6 433.5 474.5 426.5 543.3 523.5 474.5 489.7 497.9 495.1 3

 4 Agency- and GSE-backed securities 143.4 248.1 357.6 261.9 345.9 327.5 306.9 261.9 253.1 264.1 258.8 4

 5 Corporate and foreign bonds 17.8 22.2 31.9 33.6 36.2 36.2 36.7 33.6 35.0 33.9 33.8 5

 6 Mortgages 28.7 37.3 44.1 179.0 44.4 179.6 179.9 179.0 201.6 199.9 202.6 6

 7 Home 8.8 19.6 26.3 22.9 26.4 31.0 31.0 22.9 25.1 26.8 33.9 7

 8 Multifamily residential 1.6 1.4 1.5 2.0 1.8 2.2 2.2 2.0 1.9 1.9 3.0 8

 9 Commercial 18.2 16.3 16.3 154.1 16.2 146.4 146.8 154.1 174.7 171.2 165.6 9

10 Miscellaneous assets 12.5 12.8 30.1 28.1 33.4 40.3 25.1 28.1 30.4 35.1 38.1 10

11 Total liabilities 177.2 270.3 395.2 448.9 392.5 515.8 478.5 448.9 463.7 472.0 471.3 11

12 Security repurchase agreements 120.4 218.1 320.6 254.0 322.0 309.8 288.8 254.0 240.6 249.9 249.4 12

13 Credit market instruments 39.0 31.9 33.5 177.4 34.5 166.9 166.8 177.4 199.4 197.0 198.4 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 37.0 31.3 30.4 175.1 32.2 164.0 163.9 175.1 197.0 195.6 196.5 15

16 Depository institution loans n.e.c. 2.0 0.5 3.1 2.3 2.3 2.9 2.9 2.3 2.4 1.5 1.9 16

17 Miscellaneous liabilities 17.8 20.3 41.2 17.6 36.0 39.1 22.9 17.6 23.6 25.1 23.4 17

 Memo:

18 Securitized assets included above 18.1 14.3 15.6 155.2 16.0 146.4 147.1 155.2 175.6 169.7 168.4 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 7.2 6.5 10.2 14.2 10.6 12.6 12.8 14.2 14.5 14.2 15.1 20

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

22 Commercial mortgages 10.6 7.5 5.2 140.7 5.0 133.5 134.0 140.7 160.8 155.2 153.0 22