| F.120 Federal Government Retirement 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 | Net acquisition of financial assets | 69.9 | 45.4 | 48.2 | 54.7 | 54.7 | 56.2 | 47.7 | 57.3 | 57.6 | 46.8 | 33.4 | 1 |
| 2 | Credit market instruments | 9.7 | 12.7 | 6.0 | 4.7 | 7.7 | 8.5 | 11.4 | 8.1 | 3.0 | 5.4 | 17.8 | 2 |
| 3 | Treasury securities | 7.2 | 9.6 | 5.1 | 5.4 | 7.7 | 8.8 | 10.8 | 7.8 | 3.5 | 5.9 | 18.2 | 3 |
| 4 | Agency- and GSE-backed securities | 1.6 | 1.9 | 0.5 | -0.5 | 0.0 | -0.2 | 0.4 | 0.2 | -0.3 | -0.3 | -0.2 | 4 |
| 5 | Corporate and foreign bonds | 0.9 | 1.2 | 0.4 | -0.3 | 0.0 | -0.1 | 0.2 | 0.1 | -0.2 | -0.2 | -0.2 | 5 |
| 6 | Corporate equities | -0.6 | 8.2 | 17.5 | 9.1 | 7.0 | 5.5 | 2.5 | 8.3 | 11.5 | 8.9 | -3.1 | 6 |
| 7 | Miscellaneous assets(2) | 60.8 | 24.5 | 24.7 | 40.9 | 40.0 | 42.1 | 33.8 | 40.9 | 43.1 | 32.5 | 18.7 | 7 |
| 8 | Pension fund reserves (liabilities) (3) | 69.9 | 45.4 | 48.2 | 54.7 | 54.7 | 56.2 | 47.7 | 57.3 | 57.6 | 46.8 | 33.4 | 8 |
| (1) Includes the Federal Employees Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds. | |||||||||||||
| (2) 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. | |||||||||||||
| (3) Liabilities of the sector are assets of the household sector. | |||||||||||||
