| 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. | |||||||||||||
