The U.S. Census Bureau

Table 4. Cash and Investment Holdings of State and Local Government Employee-Retirement Systems by State and Level of Government

Fiscal Year: 1995-1996

Data are in thousands of dollars
State and Local Government Total Cash and Deposits Securities Total Other Investments
Total Cash and Demand Deposits Time, Savings Deposits and Nonfederal Short_Term Investments Total Governmental Nongovernmental
United States Treasury Federal Agency State and Local Government Corporate Bonds Corporate Stocks Mortgages Funds Held in Trust Other
United States 1,273,198,740 66,103,825 5,881,771 60,222,054 1,126,752,615 200,210,131 61,500,049 1,258,329 207,169,990 444,010,005 24,599,051 38,072,502 151,190,887 79,083,971
     State 1,044,650,139 49,367,394 3,777,329 45,590,065 926,787,249 167,050,802 48,878,650 396,138 175,830,923 350,140,658 23,576,186 34,209,754 127,100,276 68,099,358
     Local 228,548,601 16,736,431 2,104,442 14,631,989 199,965,366 33,159,329 12,621,399 862,191 31,339,067 93,869,347 1,022,865 3,862,748 24,090,611 10,984,613
Alabama 16,683,768 2,007,215 30,394 1,976,821 13,698,531 518,609 138,128 0 5,651,627 5,691,296 1,696,692 0 2,179 978,022
     State 15,603,852 1,901,773 12,464 1,889,309 12,724,057 226,591 109,720 0 5,416,883 5,274,190 1,696,673 0 0 978,022
     Local 1,079,916 105,442 17,930 87,512 974,474 292,018 28,408 0 234,744 417,106 19 0 2,179 0
Alaska 8,028,348 103,274 1,252 102,022 7,691,513 1,264,989 133,765 0 1,270,257 2,978,515 9,024 0 2,034,963 233,561
     State 7,773,462 84,275 0 84,275 7,467,772 1,209,544 133,765 0 1,230,559 2,864,844 4,555 0 2,024,505 221,415
     Local 254,886 18,999 1,252 17,747 223,741 55,445 0 0 39,698 113,671 4,469 0 10,458 12,146
Arizona 16,729,196 1,382,819 1,567 1,381,252 15,249,711 2,311,955 2,267,326 0 1,291,232 2,099,803 5,361,079 0 1,918,316 96,666
     State 15,269,573 1,340,042 1,211 1,338,831 13,882,990 2,219,827 1,975,438 0 1,142,786 1,333,943 5,361,079 0 1,849,917 46,541
     Local 1,459,623 42,777 356 42,421 1,366,721 92,128 291,888 0 148,446 765,860 0 0 68,399 50,125
Arkansas 7,148,683 421,630 7,409 414,221 6,684,659 1,251,966 319,628 12,440 1,182,712 3,204,049 161,401 46,133 518,770 29,954
     State 6,936,400 401,812 5,412 396,400 6,492,194 1,201,288 318,394 12,440 1,143,641 3,154,518 161,401 974 511,978 29,954
     Local 212,283 19,818 1,997 17,821 192,465 50,678 1,234 0 39,071 49,531 0 45,159 6,792 0
California 217,377,964 9,074,700 784,018 8,290,682 192,464,363 31,891,724 4,205,169 199,583 34,418,041 75,812,151 6,840,377 805,779 38,491,122 15,639,318
     State 154,661,739 3,894,651 308,396 3,586,255 138,683,612 23,686,520 2,325,183 0 25,355,781 49,493,210 6,729,103 609,115 30,484,700 12,083,476
     Local 62,716,225 5,180,049 475,622 4,704,427 53,780,751 8,205,204 1,879,986 199,583 9,062,260 26,318,941 111,274 196,664 8,006,422 3,555,842
Colorado 18,195,146 809,043 196,565 612,478 15,542,798 1,842,624 187,595 1,735 2,871,222 7,280,357 566,703 73,383 2,720,914 1,841,570
     State 15,468,312 638,551 156,695 481,856 13,235,070 1,404,968 146,895 1,735 2,395,091 6,524,827 460,458 0 2,302,831 1,592,956
     Local 2,726,834 170,492 39,870 130,622 2,307,728 437,656 40,700 0 476,131 755,530 106,245 73,383 418,083 248,614
Connecticut 14,042,268 452,009 67,432 384,577 12,385,264 275,824 50,846 90,765 3,236,155 5,021,831 0 1,009,940 2,790,668 1,114,230
     State 11,405,332 213,394 1,986 211,408 10,088,195 0 6,928 89,857 2,992,144 4,262,626 0 339,241 2,487,256 1,013,886
     Local 2,636,936 238,615 65,446 173,169 2,297,069 275,824 43,918 908 244,011 759,205 0 670,699 303,412 100,344
Delaware 3,088,752 163,989 115,098 48,891 2,707,777 2,210 6,442 24,533 1,259,351 1,186,194 0 0 253,580 192,453
     State 2,860,001 147,370 115,046 32,324 2,528,637 0 0 0 1,229,605 1,049,060 0 0 249,972 183,994
     Local 228,751 16,619 52 16,567 179,140 2,210 6,442 24,533 29,746 137,134 0 0 3,608 8,459
District of Columbia 3,219,790 0 0 0 0 0 0 0 0 0 0 0 0 3,219,790
     State 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     Local 3,219,790 0 0 0 0 0 0 0 0 0 0 0 0 3,219,790
Florida 50,518,635 3,971,445 66,066 3,905,379 44,657,391 6,346,411 958,473 2,359 8,789,024 22,890,081 5 172,702 5,500,695 1,887,440
     State 43,811,235 3,462,312 1,456 3,460,856 38,552,636 4,955,716 706,917 0 7,823,044 19,827,999 0 0 5,238,960 1,796,287
     Local 6,707,400 509,133 64,610 444,523 6,104,755 1,390,695 251,556 2,359 965,980 3,062,082 5 172,702 261,735 91,153
Georgia 27,305,716 483,187 88,751 394,436 26,769,042 12,532,767 209,948 9,523 640,490 12,952,216 6,912 30,679 396,030 43,964
     State 24,700,803 376,338 50,320 326,018 24,288,444 11,840,634 41,472 9,273 215,047 11,806,045 6,323 69 378,854 26,748
     Local 2,604,913 106,849 38,431 68,418 2,480,598 692,133 168,476 250 425,443 1,146,171 589 30,610 17,176 17,216
Hawaii 6,296,464 301,560 18,235 283,325 5,613,761 708,055 502,838 0 889,341 2,728,979 382,686 0 401,862 381,143
     State 6,296,464 301,560 18,235 283,325 5,613,761 708,055 502,838 0 889,341 2,728,979 382,686 0 401,862 381,143
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Idaho 3,955,172 281,221 473 280,748 3,520,914 849,286 0 0 4,341 1,834,920 164,385 0 667,982 153,037
     State 3,944,658 275,549 173 275,376 3,516,072 848,785 0 0 0 1,834,920 164,385 0 667,982 153,037
     Local 10,514 5,672 300 5,372 4,842 501 0 0 4,341 0 0 0 0 0
Illinois 51,565,707 4,035,538 394,291 3,641,247 42,560,490 6,325,891 2,316,027 43,933 7,857,740 18,145,597 65,166 122,264 7,727,805 4,925,746
     State 31,643,407 2,480,259 79,654 2,400,605 25,155,719 1,592,167 979,084 0 5,299,837 11,185,114 31,706 0 6,067,811 4,007,429
     Local 19,922,300 1,555,279 314,637 1,240,642 17,404,771 4,733,724 1,336,943 43,933 2,557,903 6,960,483 33,460 122,264 1,659,994 918,317
Indiana 10,221,426 422,283 23,698 398,585 9,797,975 3,739,841 2,670,872 0 3,385,088 1,216 406 0 552 1,168
     State 10,095,629 397,274 6,842 390,432 9,698,094 3,670,616 2,670,685 0 3,355,835 0 406 0 552 261
     Local 125,797 25,009 16,856 8,153 99,881 69,225 187 0 29,253 1,216 0 0 0 907
Iowa 9,102,223 700,003 170,027 529,976 7,444,696 65,742 90,089 0 1,461,341 1,252,058 0 0 4,575,466 957,524
     State 8,903,350 693,507 169,797 523,710 7,252,616 59,801 12,803 0 1,370,940 1,236,617 0 0 4,572,455 957,227
     Local 198,873 6,496 230 6,266 192,080 5,941 77,286 0 90,401 15,441 0 0 3,011 297
Kansas 5,653,025 61,298 6,076 55,222 5,171,206 338,325 156,221 1,343 885,593 1,882,779 0 0 1,908,288 419,178
     State 5,038,211 16,981 5,962 11,019 4,610,219 283,521 127,880 0 757,427 1,582,976 0 0 1,858,415 411,011
     Local 614,814 44,317 114 44,203 560,987 54,804 28,341 1,343 128,166 299,803 0 0 49,873 8,167
Kentucky 12,599,899 1,330,395 3,610 1,326,785 10,720,334 2,056,667 27,714 3,117 2,414,247 5,775,008 429,430 0 17,268 546,053
     State 12,395,209 1,317,619 1,447 1,316,172 10,531,537 2,026,658 22,419 0 2,337,748 5,715,781 428,931 0 0 546,053
     Local 204,690 12,776 2,163 10,613 188,797 30,009 5,295 3,117 76,499 59,227 499 0 17,268 0
Louisiana 15,943,433 1,178,298 282,433 895,865 14,447,987 2,674,780 580,842 1,679 2,831,496 5,648,493 260 20,485 2,691,631 315,469
     State 14,844,075 1,112,088 262,104 849,984 13,438,282 2,429,661 424,629 1,173 2,652,859 5,310,377 260 0 2,620,496 292,532
     Local 1,099,358 66,210 20,329 45,881 1,009,705 245,119 156,213 506 178,637 338,116 0 20,485 71,135 22,937
Maine 3,098,882 114,887 114,887 0 2,951,010 94,548 0 0 30,387 1,041,060 0 1,785,015 0 32,985
     State 3,098,882 114,887 114,887 0 2,951,010 94,548 0 0 30,387 1,041,060 0 1,785,015 0 32,985
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Maryland 25,698,253 1,025,406 33,682 991,724 23,721,704 3,883,047 67,625 170,481 4,180,056 8,578,100 0 83,047 6,929,829 780,662
     State 20,645,079 695,015 32,949 662,066 19,331,788 3,281,335 0 0 3,886,062 6,822,966 0 0 5,341,425 618,276
     Local 5,053,174 330,391 733 329,658 4,389,916 601,712 67,625 170,481 293,994 1,755,134 0 83,047 1,588,404 162,386
Massachusetts 22,278,360 1,414,881 622,394 792,487 18,578,952 1,064,620 1,243,654 1,538 4,082,384 5,039,115 51,667 1,980,473 5,117,039 2,282,989
     State 15,256,254 933,742 355,060 578,682 12,613,421 241,194 843,315 639 2,890,346 2,309,635 7,567 1,858,489 4,462,875 1,708,452
     Local 7,022,106 481,139 267,334 213,805 5,965,531 823,426 400,339 899 1,192,038 2,729,480 44,100 121,984 654,164 574,537
Michigan 43,104,342 3,744,489 455,678 3,288,811 32,791,047 5,887,825 420,551 41,162 7,104,044 16,108,751 1,276,759 108,110 1,885,007 6,527,644
     State 30,599,638 2,977,641 353,216 2,624,425 21,885,538 3,922,089 0 0 5,011,488 10,561,957 782,175 0 1,607,829 5,736,459
     Local 12,504,704 766,848 102,462 664,386 10,905,509 1,965,736 420,551 41,162 2,092,556 5,546,794 494,584 108,110 277,178 791,185
Minnesota 25,055,719 425,085 46,979 378,106 20,131,254 627,961 181,867 606 1,020,372 2,096,512 14,058 15,965,396 225,088 4,498,774
     State 22,194,708 199,386 3,907 195,479 17,623,320 431,156 4,327 0 348,503 683,593 0 15,963,223 192,518 4,372,002
     Local 2,861,011 225,699 43,072 182,627 2,507,934 196,805 177,540 606 671,869 1,412,919 14,058 2,173 32,570 126,772
Mississippi 9,257,997 776,464 194,290 582,174 8,423,961 3,462,142 0 53,428 1,817,893 2,280,014 0 636 863,276 4,144
     State 9,257,361 776,464 194,290 582,174 8,423,325 3,462,142 0 53,428 1,817,893 2,280,014 0 0 863,276 4,144
     Local 636 0 0 0 636 0 0 0 0 0 0 636 0 0
Missouri 22,830,493 677,326 12,448 664,878 21,862,705 1,906,769 423,606 1,000 7,597,135 8,649,539 4,101 60,322 3,221,233 289,462
     State 19,225,531 462,484 1,583 460,901 18,615,439 1,252,049 326,337 0 6,985,049 7,086,137 0 0 2,965,867 147,608
     Local 3,604,962 214,842 10,865 203,977 3,247,266 654,720 97,269 1,000 612,086 1,563,402 4,101 60,322 255,366 141,854
Montana 2,690,345 48,651 4,553 44,098 2,499,401 301,924 3,574 0 1,430,323 615,047 142,100 0 6,433 142,293
     State 2,689,730 48,036 4,442 43,594 2,499,401 301,924 3,574 0 1,430,323 615,047 142,100 0 6,433 142,293
     Local 615 615 111 504 0 0 0 0 0 0 0 0 0 0
Nebraska 4,704,654 252,352 66,725 185,627 4,433,093 552,892 931,754 0 381,703 1,670,013 0 545,685 351,046 19,209
     State 3,281,655 169,110 30,859 138,251 3,112,545 300,352 850,978 0 146,036 1,141,659 0 456,647 216,873 0
     Local 1,422,999 83,242 35,866 47,376 1,320,548 252,540 80,776 0 235,667 528,354 0 89,038 134,173 19,209
Nevada 6,561,405 328,773 1,913 326,860 5,480,001 1,298,165 591,647 0 996,820 1,208,641 0 0 1,384,728 752,631
     State 6,561,405 328,773 1,913 326,860 5,480,001 1,298,165 591,647 0 996,820 1,208,641 0 0 1,384,728 752,631
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
New Hampshire 2,529,372 117,467 590 116,877 2,064,008 98,175 57,588 0 409,358 1,087,743 40 0 411,104 347,897
     State 2,522,250 117,011 590 116,421 2,057,342 94,185 57,588 0 407,461 1,087,655 40 0 410,413 347,897
     Local 7,122 456 0 456 6,666 3,990 0 0 1,897 88 0 0 691 0
New Jersey 34,554,909 21,087 4,243 16,844 33,946,797 12,534 1,257,723 0 17,143,363 13,587,060 0 0 1,946,117 587,025
     State 34,488,985 539 539 0 33,904,303 0 1,255,233 0 17,136,370 13,566,583 0 0 1,946,117 584,143
     Local 65,924 20,548 3,704 16,844 42,494 12,534 2,490 0 6,993 20,477 0 0 0 2,882
New Mexico 7,363,655 492,065 441,640 50,425 6,868,740 1,665,791 670,669 0 1,833,982 2,187,484 287,655 0 223,159 2,850
     State 7,363,655 492,065 441,640 50,425 6,868,740 1,665,791 670,669 0 1,833,982 2,187,484 287,655 0 223,159 2,850
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
New York 153,220,082 6,332,819 37,005 6,295,814 140,550,608 28,582,311 6,696,963 0 18,524,385 66,336,972 3,824,400 520,706 16,064,871 6,336,655
     State 92,978,509 1,771,315 29,536 1,741,779 84,870,539 20,363,709 1,275,686 0 11,184,832 37,956,413 3,801,268 0 10,288,631 6,336,655
     Local 60,241,573 4,561,504 7,469 4,554,035 55,680,069 8,218,602 5,421,277 0 7,339,553 28,380,559 23,132 520,706 5,776,240 0
North Carolina 27,985,685 8,740,370 56,719 8,683,651 18,832,885 7,634,607 1,402 0 7,261,547 3,794,054 0 23,533 117,742 412,430
     State 27,817,051 8,729,319 46,592 8,682,727 18,675,480 7,616,051 0 0 7,244,725 3,715,139 0 14,329 85,236 412,252
     Local 168,634 11,051 10,127 924 157,405 18,556 1,402 0 16,822 78,915 0 9,204 32,506 178
North Dakota 1,701,716 51,520 11,198 40,322 1,627,061 165,708 39,261 0 136,057 374,080 38 774,805 137,112 23,135
     State 1,580,233 23,471 4,224 19,247 1,534,969 129,633 39,261 0 122,691 369,785 38 740,948 132,613 21,793
     Local 121,483 28,049 6,974 21,075 92,092 36,075 0 0 13,366 4,295 0 33,857 4,499 1,342
Ohio 81,719,640 4,036,543 98,422 3,938,121 71,827,460 25,408,680 4,008,679 1,217 11,468,802 25,509,872 54,141 115,389 5,261,897 5,854,420
     State 80,359,718 3,912,464 41,731 3,870,733 70,595,117 25,218,643 3,913,786 1,217 11,444,312 24,627,095 38,459 115,389 5,237,433 5,850,920
     Local 1,359,922 124,079 56,691 67,388 1,232,343 190,037 94,893 0 24,490 882,777 15,682 0 24,464 3,500
Oklahoma 9,239,139 471,761 69,883 401,878 8,457,482 1,554,296 432,046 177,396 764,644 4,715,045 7,552 526 983,373 132,500
     State 8,699,174 455,623 58,716 396,907 7,936,574 1,496,993 386,270 176,117 723,461 4,455,728 0 0 874,122 130,860
     Local 539,965 16,138 11,167 4,971 520,908 57,303 45,776 1,279 41,183 259,317 7,552 526 109,251 1,640
Oregon 12,128,512 709,241 511,516 197,725 8,766,172 1,395,937 772,233 0 1,425,036 1,415,736 79,526 0 3,677,704 2,653,099
     State 12,112,568 693,297 495,572 197,725 8,766,172 1,395,937 772,233 0 1,425,036 1,415,736 79,526 0 3,677,704 2,653,099
     Local 15,944 15,944 15,944 0 0 0 0 0 0 0 0 0 0 0
Pennsylvania 56,224,159 1,546,218 195,182 1,351,036 51,194,551 4,158,218 2,970,220 3,701 4,289,444 26,706,339 510,251 613,056 11,947,023 3,479,689
     State 50,502,953 1,173,181 0 1,173,181 45,957,240 3,127,385 2,602,094 0 3,790,453 24,603,692 448,233 418,089 10,967,294 3,372,532
     Local 5,721,206 373,037 195,182 177,855 5,237,311 1,030,833 368,126 3,701 498,991 2,102,647 62,018 194,967 979,729 107,157
Rhode Island 3,827,213 249,737 11,786 237,951 3,394,217 20,718 1,370,680 0 122,678 1,367,851 0 46 512,244 183,259
     State 3,539,386 235,186 9,423 225,763 3,131,666 0 1,366,523 0 92,663 1,303,796 0 0 368,684 172,534
     Local 287,827 14,551 2,363 12,188 262,551 20,718 4,157 0 30,015 64,055 0 46 143,560 10,725
South Carolina 14,553,885 327,721 65 327,656 14,226,164 3,602,060 4,224,139 0 6,390,067 9,898 0 0 0 0
     State 14,518,275 327,090 65 327,025 14,191,185 3,593,538 4,217,024 0 6,380,623 0 0 0 0 0
     Local 35,610 631 0 631 34,979 8,522 7,115 0 9,444 9,898 0 0 0 0
South Dakota 3,088,246 395,920 1,194 394,726 2,576,678 305,862 113,735 3,634 288,257 1,333,410 0 0 535,414 112,014
     State 2,959,394 379,515 0 379,515 2,472,088 300,575 113,161 0 282,710 1,316,229 0 0 459,413 107,791
     Local 128,852 16,405 1,194 15,211 104,590 5,287 574 3,634 5,547 17,181 0 0 76,001 4,223
Tennessee 18,460,965 1,004,879 46,846 958,033 17,301,821 413,768 3,340,795 2,175 3,431,166 5,111,781 6,478 2,917,271 2,080,562 152,090
     State 14,558,260 672,235 4,015 668,220 13,886,025 75,464 3,149,497 0 3,087,383 3,781,753 0 1,926,046 1,865,882 0
     Local 3,902,705 332,644 42,831 289,813 3,415,796 338,304 191,298 2,175 343,783 1,330,028 6,478 991,225 214,680 152,090
Texas 78,942,390 2,088,194 360,844 1,727,350 75,554,340 10,477,026 13,945,832 88,794 12,831,534 28,716,055 1,358,339 267,315 7,958,239 1,211,062
     State 70,980,355 1,583,633 306,391 1,277,242 68,643,532 9,426,594 13,742,862 0 11,459,625 25,933,283 1,357,813 536 6,722,819 753,190
     Local 7,962,035 504,561 54,453 450,108 6,910,808 1,050,432 202,970 88,794 1,371,909 2,782,772 526 266,779 1,235,420 457,872
Utah 7,487,205 462,346 151 462,195 6,160,747 859,045 507,135 0 658,227 4,101,317 15,041 0 19,982 864,112
     State 7,487,205 462,346 151 462,195 6,160,747 859,045 507,135 0 658,227 4,101,317 15,041 0 19,982 864,112
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Vermont 1,162,802 118,751 3,931 114,820 999,580 11,359 0 0 306,942 674,588 1,319 0 5,372 44,471
     State 1,105,903 110,698 3,881 106,817 952,152 0 0 0 299,318 652,135 699 0 0 43,053
     Local 56,899 8,053 50 8,003 47,428 11,359 0 0 7,624 22,453 620 0 5,372 1,418
Virginia 23,518,802 907,257 114,441 792,816 20,861,304 3,141,688 193,597 5,220 2,900,615 7,996,215 33,225 6,052,903 543,061 1,745,021
     State 18,638,963 637,556 30,670 606,886 16,300,125 2,424,954 0 0 2,135,943 5,674,898 32,807 6,031,523 0 1,701,282
     Local 4,879,839 269,701 83,771 185,930 4,561,179 716,734 193,597 5,220 764,672 2,321,317 418 21,380 543,061 43,739
Washington 27,812,214 594,800 46,338 548,462 22,725,845 7,775,875 34,278 1,034 3,011,406 1,638,846 1,066,988 3,950,121 5,248,331 4,490,535
     State 26,636,678 516,342 8,234 508,108 21,674,163 7,559,742 0 0 2,852,208 1,352,736 973,952 3,950,121 4,985,404 4,446,173
     Local 1,175,536 78,458 38,104 40,354 1,051,682 216,133 34,278 1,034 159,198 286,110 93,036 0 262,927 44,362
West Virginia 2,422,591 152,729 4,108 148,621 2,266,348 1,775,600 346,705 0 108,812 643 6,747 26,782 1,059 3,514
     State 2,306,128 139,524 1,203 138,321 2,166,604 1,748,577 308,572 0 102,708 0 6,747 0 0 0
     Local 116,463 13,205 2,905 10,300 99,744 27,023 38,133 0 6,104 643 0 26,782 1,059 3,514
Wisconsin 39,794,684 1,287,897 49,938 1,237,959 36,070,492 6,491,954 1,824,704 315,933 3,835,276 22,904,707 174,100 0 839,751 2,120,362
     State 36,570,956 1,170,241 0 1,170,241 33,289,056 6,426,028 1,375,828 50,259 2,973,500 22,339,600 174,100 0 0 2,061,400
     Local 3,223,728 117,656 49,938 67,718 2,781,436 65,926 448,876 265,674 861,776 565,107 0 0 839,751 58,962
Wyoming 2,504,809 6,282 4,787 1,495 2,477,775 581,360 5,464 0 1,047,977 767,974 0 0 75,000 20,752
     State 2,461,585 3,850 3,850 0 2,457,735 578,652 0 0 1,041,217 762,866 0 0 75,000 0
     Local 43,224 2,432 937 1,495 20,040 2,708 5,464 0 6,760 5,108 0 0 0 20,752
 
Source: U.S. Census Bureau, Governments Division

Created: September 13,2001
Last revised: March 31 2004