ASSETS OF STATE AND LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS BY TYPE OF ASSET, 2004-2008
($ billions, end of year)
Total financial assets |
$2,577.5 |
$2,721.4 |
$3,108.3 |
$3,216.3 |
$2,327.1 |
Checkable deposits and currency |
16.3 |
15.8 |
14.1 |
16.6 |
16.5 |
Time and savings deposits |
1.4 |
1.3 |
0.9 |
1.0 |
1.0 |
Money market fund shares |
11.6 |
11.7 |
13.8 |
16.2 |
18.8 |
Security repurchase agreements (1) |
20.2 |
19.7 |
24.0 |
28.3 |
30.7 |
Credit market instruments |
675.3 |
693.4 |
825.4 |
855.6 |
851.1 |
Open market paper |
35.2 |
35.2 |
42.6 |
50.3 |
33.9 |
U.S. government securities |
409.8 |
412.2 |
467.9 |
502.9 |
515.1 |
Treasury |
151.0 |
153.8 |
157.1 |
168.8 |
174.6 |
Agency- and GSE (2)-backed securities |
258.8 |
258.4 |
310.8 |
334.1 |
340.5 |
Municipal securities |
1.8 |
1.7 |
3.6 |
1.9 |
1.1 |
Corporate and foreign bonds |
213.5 |
227.9 |
296.9 |
287.8 |
288.6 |
Mortgages |
15.1 |
16.4 |
14.5 |
12.7 |
12.4 |
Corporate equities |
1,600.9 |
1,715.8 |
1,926.3 |
1,985.9 |
1,211.8 |
Mutual fund shares |
235.9 |
248.4 |
287.5 |
296.4 |
181.1 |
Miscellaneous assets |
15.9 |
15.4 |
16.3 |
16.2 |
16.2 |
Pension fund reserves (liabilities) (3) |
2,621.3 |
2,763.4 |
3,175.1 |
3,315.5 |
2,435.2 |
|
(1) Short-term agreements to sell and repurchase government securities by a specified date at a set price.
(2) Government-sponsored enterprise.
(3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
Source: Board of Governors of the Federal Reserve System, June 11, 2009.
ASSETS OF STATE AND LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS BY TYPE OF ASSET, 2005-2009
($ billions, end of year)
Total financial assets |
$2,721.4 |
$3,089.8 |
$3,198.8 |
$2,324.5 |
$2,685.8 |
Checkable deposits and currency |
15.8 |
13.1 |
17.9 |
17.8 |
17.6 |
Time and savings deposits |
1.3 |
0.8 |
0.7 |
0.7 |
0.7 |
Money market fund shares |
11.7 |
13.8 |
12.4 |
14.3 |
14.2 |
Security repurchase agreements (1) |
19.7 |
24.1 |
21.7 |
23.5 |
23.3 |
Credit market instruments |
693.4 |
808.0 |
820.3 |
833.5 |
818.1 |
Open market paper |
35.2 |
42.8 |
38.4 |
25.9 |
22.8 |
U.S. government securities |
412.2 |
464.0 |
472.7 |
483.9 |
474.4 |
Treasury |
153.8 |
156.2 |
141.6 |
146.4 |
174.5 |
Agency- and GSE (2)-backed securities |
258.4 |
307.8 |
331.1 |
337.5 |
299.9 |
Municipal securities |
1.7 |
3.3 |
2.4 |
1.4 |
1.5 |
Corporate and foreign bonds |
227.9 |
283.4 |
297.0 |
312.9 |
310.1 |
Mortgages |
16.4 |
14.4 |
9.7 |
9.4 |
9.3 |
Corporate equities |
1,715.8 |
1,926.1 |
2,013.7 |
1,237.9 |
1,566.5 |
Mutual fund shares |
248.4 |
287.5 |
296.4 |
181.1 |
229.2 |
Miscellaneous assets |
15.4 |
16.3 |
15.7 |
15.7 |
16.2 |
Pension fund reserves (liabilities) (3) |
2,763.4 |
3,156.6 |
3,297.9 |
2,422.0 |
2,778.8 |
|
(1) Short-term agreements to sell and repurchase government securities by a specified date at a set price.
(2) Government-sponsored enterprise.
(3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
Source: Board of Governors of the Federal Reserve System, June 10, 2010.
ASSETS OF STATE AND LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS BY TYPE OF ASSET, 2006-2010
($ billions, end of year)
Total financial assets |
$3,089.8 |
$3,198.8 |
$2,324.5 |
$2,673.7 |
$2,931.5 |
Checkable deposits and currency |
13.1 |
17.9 |
17.8 |
17.7 |
17.3 |
Time and savings deposits |
0.8 |
0.7 |
0.7 |
0.7 |
0.7 |
Money market fund shares |
13.8 |
12.4 |
14.3 |
14.3 |
13.9 |
Security repurchase agreements (1) |
24.1 |
21.7 |
23.5 |
23.5 |
22.8 |
Credit market instruments |
808.0 |
820.3 |
833.5 |
824.7 |
816.5 |
Open market paper |
42.8 |
38.4 |
25.9 |
24.0 |
22.4 |
U.S. government securities |
464.0 |
472.7 |
483.9 |
481.4 |
470.8 |
Treasury securities |
156.2 |
141.6 |
146.4 |
174.5 |
185.6 |
Agency- and GSE (2)-backed securities |
307.8 |
331.1 |
337.5 |
306.9 |
285.2 |
Municipal securities |
3.3 |
2.4 |
1.4 |
1.5 |
1.6 |
Corporate and foreign bonds |
283.4 |
297.0 |
312.9 |
308.6 |
312.4 |
Mortgages |
14.4 |
9.7 |
9.4 |
9.3 |
9.4 |
Corporate equities |
1,926.1 |
2,013.7 |
1,237.9 |
1,549.8 |
1,782.5 |
Mutual fund shares |
287.5 |
296.4 |
181.1 |
226.7 |
260.8 |
Miscellaneous assets |
16.3 |
15.7 |
15.7 |
16.2 |
17.0 |
Pension fund reserves (liabilities) (3) |
3,156.6 |
3,297.9 |
2,414.7 |
2,759.8 |
3,024.0 |
|
(1) Short-term agreements to sell and repurchase government securities by a specified date at a set price.
(2) Government-sponsored enterprise.
(3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
Source: Board of Governors of the Federal Reserve System, June 9, 2011.