F.118 Private Pension Funds (1)������������
Billions of dollars; quarterly figures are seasonally adjusted annual rates������������
2001 2002 2003 2004 2005 2005 2006
Q1 Q2 Q3 Q4 Q1 Q2
stock price direction DOWN DOWN DOWN UP UP UP DOWN UP UP UP DOWN
bond price direction UP UP UP UP DOWN DOWN UP DOWN DOWN DOWN DOWN
1 Gross saving 0.6 0.6 0.7 0.7 0.8 0.7 0.8 0.8 0.8 0.8 0.8 1
2 Fixed nonresidential investment 0.7 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 2
3 Net acquisition of financial assets -33.1 -15.3 -39.7 -86.9 -82.5 -115.8 -30.3 -106.4 -77.3 -31.2 -16.3 3
4 Checkable deposits and currency -0.8 0.3 0.2 0.1 0.2 0.2 0.2 0.3 0.2 0.4 0.5 4
5 Time and savings deposits -36.4 -3.9 3.0 -4.6 6.1 -6.2 15.7 14.4 0.5 -10.8 2.4 5
6 Money market fund shares -6.1 7.4 1.8 0.6 1.9 1.3 1.1 2.2 2.8 3.4 3.1 6
7 Security RPs -8.9 1.3 1.4 0.6 1.1 3.6 0.0 0.0 0.7 1.4 0.8 7
8 Credit market instruments -36.0 -13.6 57.2 -5.3 13.5 -3.5 4.6 17.7 35.0 43.4 72.8 8
9 Open market paper -8.2 2.2 -3.2 0.6 1.1 2.8 3.4 1.2 -2.9 1.8 8.0 9
10 Treasury securities -7.6 -3.4 13.3 -4.1 3.3 6.2 2.6 5.7 -1.1 5.3 9.8 10
11 Agency- and GSE-backed securities 5.1 -19.4 33.3 17.5 -0.4 -9.4 -17.5 -3.5 28.8 19.7 37.7 11
12 Corporate and foreign bonds -23.1 6.4 13.9 -19.1 9.6 -2.7 16.2 14.4 10.6 16.8 17.7 12
13 Mortgages -2.2 0.6 -0.1 -0.2 -0.2 -0.3 -0.1 -0.1 -0.3 -0.2 -0.3 13
14 Corporate equities 104.0 -71.7 -99.6 -68.0 -87.1 -97.1 -43.0 -98.4 -109.8 -56.4 -64.3 14
15 Mutual fund shares 7.7 40.8 11.7 24.2 -0.5 -5.6 14.7 -9.2 -2.0 15.0 3.5 15
16 Miscellaneous assets -56.6 24.1 -15.4 -34.5 -17.5 -8.4 -23.6 -33.4 -4.6 -27.8 -35.0 16
17 Unallocated insurance contracts (2) 11.5 16.4 -14.4 -32.6 -10.7 9.2 -21.1 -32.7 1.8 -14.3 -26.6 17
18 Contributions receivable -24.6 1.5 -0.2 -3.1 -1.9 -4.6 -6.4 9.3 -5.9 -2.0 -2.0 18
19 Other -43.5 6.2 -0.8 1.2 -4.9 -13.0 3.9 -10.0 -0.6 -11.4 -6.4 19
20 Pension fund reserves (liabilities) (3) -33.0 -15.7 -40.2 -87.3 -82.9 -116.2 -30.7 -106.9 -77.7 -31.7 -16.7 20
(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).���������
(2) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4.���������
(3) Equal to the net acquisition of tangible and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.���������