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: 1996-1997

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 1,478,962,901 74,820,216 7,448,588 67,371,628 1,316,214,055 199,181,039 67,241,039 1,955,987 220,730,487 528,580,481 13,619,460 61,942,254 222,963,308 87,928,629
     State 1,220,527,088 57,325,477 4,674,679 52,650,798 1,089,349,314 164,944,185 54,640,761 199,400 185,259,386 424,794,006 12,160,708 57,797,055 189,553,813 73,852,297
     Local 258,435,813 17,494,739 2,773,909 14,720,830 226,864,741 34,236,854 12,600,278 1,756,587 35,471,101 103,786,475 1,458,752 4,145,199 33,409,495 14,076,332
Alabama 18,473,492 1,332,346 18,801 1,313,545 16,487,309 515,633 2,152,360 0 6,606,916 5,850,762 0 0 1,361,638 653,837
     State 17,366,868 1,184,816 11,799 1,173,017 15,528,215 211,380 2,114,420 0 6,480,325 5,372,683 0 0 1,349,407 653,837
     Local 1,106,624 147,530 7,002 140,528 959,094 304,253 37,940 0 126,591 478,079 0 0 12,231 0
Alaska 8,849,240 170,283 11,810 158,473 8,577,931 1,148,530 1,589,479 0 1,254,938 2,434,817 14,530 0 2,135,637 101,026
     State 8,411,464 158,473 0 158,473 8,151,965 1,084,262 1,589,479 0 1,112,057 2,267,815 3,100 0 2,095,252 101,026
     Local 437,776 11,810 11,810 0 425,966 64,268 0 0 142,881 167,002 11,430 0 40,385 0
Arizona 20,598,198 1,145,539 2,048 1,143,491 19,283,328 995,147 3,617,736 0 2,132,676 10,065,420 192,516 0 2,279,833 169,331
     State 18,987,761 1,036,262 1,842 1,034,420 17,834,363 707,198 3,593,579 0 1,842,700 9,307,146 192,516 0 2,191,224 117,136
     Local 1,610,437 109,277 206 109,071 1,448,965 287,949 24,157 0 289,976 758,274 0 0 88,609 52,195
Arkansas 8,301,991 931,528 17,240 914,288 7,314,587 1,146,846 295,487 25,926 1,423,787 3,422,614 183,943 29,225 786,759 55,876
     State 8,073,015 907,345 11,679 895,666 7,109,975 1,084,311 294,578 25,926 1,380,039 3,365,243 183,943 681 775,254 55,695
     Local 228,976 24,183 5,561 18,622 204,612 62,535 909 0 43,748 57,371 0 28,544 11,505 181
California 250,957,569 10,803,030 1,776,771 9,026,259 223,279,908 30,859,585 4,376,902 1,342,756 40,098,514 87,937,919 2,809,593 621,003 55,233,636 16,874,631
     State 176,152,892 5,348,572 1,094,113 4,254,459 158,216,292 23,502,305 2,254,492 0 29,726,586 57,565,806 2,189,746 536,805 42,440,552 12,588,028
     Local 74,804,677 5,454,458 682,658 4,771,800 65,063,616 7,357,280 2,122,410 1,342,756 10,371,928 30,372,113 619,847 84,198 12,793,084 4,286,603
Colorado 19,459,785 754,017 11,489 742,528 16,129,472 1,017,330 241,744 11,232 2,663,680 8,185,450 464,792 36,470 3,508,774 2,576,296
     State 16,587,891 644,699 0 644,699 13,735,199 643,858 196,071 11,232 2,120,402 7,494,689 407,137 0 2,861,810 2,207,993
     Local 2,871,894 109,318 11,489 97,829 2,394,273 373,472 45,673 0 543,278 690,761 57,655 36,470 646,964 368,303
Connecticut 16,653,419 858,835 24,512 834,323 14,729,120 395,024 117,795 1,033 4,248,901 6,114,642 0 992,824 2,858,901 1,065,464
     State 13,207,123 637,284 7,571 629,713 11,618,812 0 7,769 0 3,974,340 5,158,405 0 179,343 2,298,955 951,027
     Local 3,446,296 221,551 16,941 204,610 3,110,308 395,024 110,026 1,033 274,561 956,237 0 813,481 559,946 114,437
Delaware 3,513,438 283,220 261,394 21,826 3,029,497 17,028 29,394 0 1,229,943 1,470,956 0 0 282,176 200,721
     State 3,264,199 253,871 253,102 769 2,820,010 0 0 0 1,223,165 1,316,239 0 0 280,606 190,318
     Local 249,239 29,349 8,292 21,057 209,487 17,028 29,394 0 6,778 154,717 0 0 1,570 10,403
District of Columbia 4,876,341 0 0 0 0 0 0 0 0 0 0 0 0 4,876,341
     State 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     Local 4,876,341 0 0 0 0 0 0 0 0 0 0 0 0 4,876,341
Florida 57,372,183 4,529,635 203,534 4,326,101 49,955,594 6,423,280 1,112,337 418 9,509,269 26,412,938 519 74,761 6,422,072 2,886,954
     State 49,613,700 3,891,374 34,790 3,856,584 42,938,085 5,027,895 686,836 0 8,440,483 22,708,479 0 0 6,074,392 2,784,241
     Local 7,758,483 638,261 168,744 469,517 7,017,509 1,395,385 425,501 418 1,068,786 3,704,459 519 74,761 347,680 102,713
Georgia 31,225,572 664,101 87,709 576,392 30,536,778 14,648,253 155,317 18,321 636,911 14,346,808 3,769 15,818 711,581 24,693
     State 28,040,300 525,995 23,214 502,781 27,508,902 13,378,415 40,308 10,635 272,994 13,113,408 995 69 692,078 5,403
     Local 3,185,272 138,106 64,495 73,611 3,027,876 1,269,838 115,009 7,686 363,917 1,233,400 2,774 15,749 19,503 19,290
Hawaii 7,026,690 538,769 14,692 524,077 6,085,811 556,886 302,117 0 1,045,620 1,942,766 275,566 0 1,962,856 402,110
     State 7,026,690 538,769 14,692 524,077 6,085,811 556,886 302,117 0 1,045,620 1,942,766 275,566 0 1,962,856 402,110
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Idaho 3,863,183 197,967 2,469 195,498 3,506,499 587,255 1,869 559 475,970 1,453,771 169,776 0 817,299 158,717
     State 3,851,917 192,234 2,395 189,839 3,500,966 584,082 1,869 405 473,880 1,453,771 169,776 0 817,183 158,717
     Local 11,266 5,733 74 5,659 5,533 3,173 0 154 2,090 0 0 0 116 0
Illinois 59,466,510 5,230,965 659,060 4,571,905 51,105,006 7,462,068 3,498,242 49,691 10,324,547 19,642,892 37,396 107,280 9,982,890 3,130,539
     State 37,053,358 4,008,091 125,103 3,882,988 30,862,590 1,566,363 1,952,327 0 7,138,989 12,674,052 12,070 0 7,518,789 2,182,677
     Local 22,413,152 1,222,874 533,957 688,917 20,242,416 5,895,705 1,545,915 49,691 3,185,558 6,968,840 25,326 107,280 2,464,101 947,862
Indiana 11,118,807 419,156 26,245 392,911 10,699,098 4,056,231 2,986,488 0 3,624,362 31,377 0 0 640 553
     State 10,978,902 394,064 8,152 385,912 10,584,578 3,978,292 2,984,814 0 3,621,472 0 0 0 0 260
     Local 139,905 25,092 18,093 6,999 114,520 77,939 1,674 0 2,890 31,377 0 0 640 293
Iowa 15,268,860 181,754 125,697 56,057 14,479,362 92,716 658,268 0 2,126,795 1,928,235 0 20,149 9,653,199 607,744
     State 15,052,104 164,479 123,806 40,673 14,279,881 86,162 627,921 0 1,994,937 1,917,662 0 0 9,653,199 607,744
     Local 216,756 17,275 1,891 15,384 199,481 6,554 30,347 0 131,858 10,573 0 20,149 0 0
Kansas 7,065,631 65,957 20,797 45,160 6,502,604 438,218 95,449 1,343 1,132,303 2,444,415 0 0 2,390,876 497,070
     State 6,395,267 47,766 18,063 29,703 5,861,161 375,714 76,503 0 996,790 2,155,345 0 0 2,256,809 486,340
     Local 670,364 18,191 2,734 15,457 641,443 62,504 18,946 1,343 135,513 289,070 0 0 134,067 10,730
Kentucky 15,692,822 1,044,864 3,237 1,041,627 14,168,933 2,050,487 53,259 10,338 2,879,832 8,697,840 458,267 1,804 17,106 479,025
     State 15,486,780 1,030,031 2 1,030,029 13,977,724 2,023,821 47,500 6,220 2,809,640 8,632,702 457,841 0 0 479,025
     Local 206,042 14,833 3,235 11,598 191,209 26,666 5,759 4,118 70,192 65,138 426 1,804 17,106 0
Louisiana 18,751,039 1,045,688 266,050 779,638 17,334,310 2,324,304 893,500 350 3,238,641 7,681,828 362 27,753 3,167,572 371,041
     State 17,453,665 987,982 258,368 729,614 16,120,292 2,114,743 698,934 0 3,017,078 7,178,156 362 0 3,111,019 345,391
     Local 1,297,374 57,706 7,682 50,024 1,214,018 209,561 194,566 350 221,563 503,672 0 27,753 56,553 25,650
Maine 3,276,567 121,561 0 121,561 3,120,274 33,978 65,957 0 32,111 1,100,926 0 1,321,111 566,191 34,732
     State 3,276,567 121,561 0 121,561 3,120,274 33,978 65,957 0 32,111 1,100,926 0 1,321,111 566,191 34,732
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Maryland 36,259,631 1,409,395 22,189 1,387,206 33,803,159 3,228,129 3,119,519 191,185 4,536,133 11,943,981 0 187,780 10,596,432 1,047,077
     State 29,743,859 1,053,634 21,200 1,032,434 28,276,918 2,773,061 3,020,654 0 3,900,557 9,925,532 0 36,722 8,620,392 413,307
     Local 6,515,772 355,761 989 354,772 5,526,241 455,068 98,865 191,185 635,576 2,018,449 0 151,058 1,976,040 633,770
Massachusetts 26,011,564 1,599,266 728,603 870,663 21,904,047 1,327,077 1,182,240 1,808 4,891,648 6,005,189 9,482 2,263,263 6,223,340 2,508,251
     State 16,889,733 991,119 383,436 607,683 13,979,515 250,853 906,853 748 3,288,253 2,630,398 8,091 2,026,482 4,867,837 1,919,099
     Local 9,121,831 608,147 345,167 262,980 7,924,532 1,076,224 275,387 1,060 1,603,395 3,374,791 1,391 236,781 1,355,503 589,152
Michigan 57,457,612 5,065,936 246,863 4,819,073 46,615,661 6,046,464 582,249 25,571 7,667,685 26,365,215 1,495,005 102,488 4,330,984 5,776,015
     State 43,200,677 4,089,749 148,094 3,941,655 33,793,864 4,724,508 0 0 5,476,049 19,964,117 1,095,548 0 2,533,642 5,317,064
     Local 14,256,935 976,187 98,769 877,418 12,821,797 1,321,956 582,249 25,571 2,191,636 6,401,098 399,457 102,488 1,797,342 458,951
Minnesota 31,191,680 367,386 24,517 342,869 25,338,457 1,202,832 332,828 409 1,576,619 3,504,417 4,922 17,343,836 1,372,594 5,485,837
     State 28,100,535 113,789 11,908 101,881 22,641,875 934,491 19,819 0 921,980 2,397,099 0 17,341,619 1,026,867 5,344,871
     Local 3,091,145 253,597 12,609 240,988 2,696,582 268,341 313,009 409 654,639 1,107,318 4,922 2,217 345,727 140,966
Mississippi 10,557,953 1,135,713 238,186 897,527 9,417,999 1,909,818 1,509,099 45,118 2,105,832 2,614,405 0 0 1,233,727 4,241
     State 10,557,317 1,135,077 237,550 897,527 9,417,999 1,909,818 1,509,099 45,118 2,105,832 2,614,405 0 0 1,233,727 4,241
     Local 636 636 636 0 0 0 0 0 0 0 0 0 0 0
Missouri 24,705,881 1,126,514 58,867 1,067,647 23,232,614 4,459,596 418,499 8,002 2,578,359 9,004,453 2,774 64,508 6,696,423 346,753
     State 20,759,332 929,410 23,418 905,992 19,654,314 3,696,228 330,777 5,048 1,950,711 7,337,514 0 0 6,334,036 175,608
     Local 3,946,549 197,104 35,449 161,655 3,578,300 763,368 87,722 2,954 627,648 1,666,939 2,774 64,508 362,387 171,145
Montana 2,996,871 126,260 1,390 124,870 2,761,283 629,714 4,807 0 959,209 677,484 171,060 0 319,009 109,328
     State 2,996,229 126,045 1,385 124,660 2,760,856 629,287 4,807 0 959,209 677,484 171,060 0 319,009 109,328
     Local 642 215 5 210 427 427 0 0 0 0 0 0 0 0
Nebraska 5,410,931 113,110 46,094 67,016 5,250,627 633,691 1,133,151 0 423,542 2,067,752 0 587,233 405,258 47,193
     State 3,873,016 39,296 4,091 35,205 3,833,720 366,264 1,076,250 0 182,745 1,431,910 0 500,762 275,789 0
     Local 1,537,915 73,814 42,003 31,811 1,416,907 267,427 56,901 0 240,797 635,842 0 86,471 129,469 47,193
Nevada 7,561,513 264,714 256 264,458 6,393,008 1,660,302 584,222 0 1,325,908 1,185,486 0 0 1,637,090 903,791
     State 7,561,513 264,714 256 264,458 6,393,008 1,660,302 584,222 0 1,325,908 1,185,486 0 0 1,637,090 903,791
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
New Hampshire 3,253,761 671,954 175,626 496,328 2,041,530 183,105 43,134 0 520,789 1,283,977 30 0 10,495 540,277
     State 3,243,928 671,094 175,626 495,468 2,032,557 177,477 43,134 0 518,892 1,283,832 30 0 9,192 540,277
     Local 9,833 860 0 860 8,973 5,628 0 0 1,897 145 0 0 1,303 0
New Jersey 40,589,312 4,206 586 3,620 39,867,968 7,500 1,489,182 0 12,025,795 14,780,422 0 798 11,564,271 717,138
     State 40,539,526 440 440 0 39,823,210 0 1,488,182 0 12,015,363 14,761,306 0 0 11,558,359 715,876
     Local 49,786 3,766 146 3,620 44,758 7,500 1,000 0 10,432 19,116 0 798 5,912 1,262
New Mexico 8,047,117 432,255 396,188 36,067 7,610,528 1,421,756 1,544,283 0 1,428,292 2,311,926 0 373,764 530,507 4,334
     State 8,047,117 432,255 396,188 36,067 7,610,528 1,421,756 1,544,283 0 1,428,292 2,311,926 0 373,764 530,507 4,334
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
New York 161,819,803 6,823,124 89,891 6,733,233 147,336,970 29,278,526 6,355,973 0 21,104,853 68,835,649 3,860,823 371,539 17,529,607 7,659,709
     State 103,167,720 2,505,319 349 2,504,970 93,002,711 21,628,702 1,084,676 0 13,711,579 40,879,649 3,859,711 0 11,838,394 7,659,690
     Local 58,652,083 4,317,805 89,542 4,228,263 54,334,259 7,649,824 5,271,297 0 7,393,274 27,956,000 1,112 371,539 5,691,213 19
North Carolina 30,623,504 9,794,234 47,585 9,746,649 20,347,345 15,072 6,318 0 22,190 90,602 0 20,181,167 31,996 481,925
     State 30,442,798 9,782,464 36,394 9,746,070 20,178,650 0 0 0 0 0 0 20,178,650 0 481,684
     Local 180,706 11,770 11,191 579 168,695 15,072 6,318 0 22,190 90,602 0 2,517 31,996 241
North Dakota 1,794,281 49,684 16,287 33,397 1,723,846 105,693 17,987 0 232,099 387,691 23 726,756 253,597 20,751
     State 1,683,750 25,790 5,562 20,228 1,638,536 75,713 17,987 0 220,758 383,396 23 689,995 250,664 19,424
     Local 110,531 23,894 10,725 13,169 85,310 29,980 0 0 11,341 4,295 0 36,761 2,933 1,327
Ohio 81,483,431 3,522,323 153,438 3,368,885 71,460,227 20,733,931 3,106,475 1,015 11,697,265 26,154,697 227,966 44,684 9,494,194 6,500,881
     State 79,950,409 3,387,803 95,175 3,292,628 70,065,686 20,518,882 2,999,092 1,015 11,669,552 25,155,731 210,220 44,684 9,466,510 6,496,920
     Local 1,533,022 134,520 58,263 76,257 1,394,541 215,049 107,383 0 27,713 998,966 17,746 0 27,684 3,961
Oklahoma 10,880,824 394,771 35,995 358,776 10,420,581 1,790,098 402,935 99,249 1,236,491 5,532,128 8,505 0 1,351,175 65,472
     State 10,359,499 369,898 25,153 344,745 9,925,137 1,724,757 382,066 93,053 1,125,421 5,343,061 0 0 1,256,779 64,464
     Local 521,325 24,873 10,842 14,031 495,444 65,341 20,869 6,196 111,070 189,067 8,505 0 94,396 1,008
Oregon 14,042,865 811,136 225,936 585,200 9,824,787 1,468,474 991,423 0 1,522,073 1,333,881 47,479 0 4,461,457 3,406,942
     State 14,023,929 792,200 207,000 585,200 9,824,787 1,468,474 991,423 0 1,522,073 1,333,881 47,479 0 4,461,457 3,406,942
     Local 18,936 18,936 18,936 0 0 0 0 0 0 0 0 0 0 0
Pennsylvania 65,047,844 1,501,389 219,802 1,281,587 59,423,063 6,597,954 2,008,093 5,165 5,590,699 31,095,790 589,073 957,091 12,579,198 4,123,392
     State 58,220,633 920,321 0 920,321 53,297,177 5,437,522 1,675,815 0 4,661,191 28,092,271 515,128 776,826 12,138,424 4,003,135
     Local 6,827,211 581,068 219,802 361,266 6,125,886 1,160,432 332,278 5,165 929,508 3,003,519 73,945 180,265 440,774 120,257
Rhode Island 5,915,908 30,656 14,911 15,745 5,782,557 63,550 1,684,191 0 155,304 3,711,349 0 76,461 91,702 102,695
     State 5,512,000 11,024 11,024 0 5,407,272 0 1,683,707 0 113,205 3,549,728 0 0 60,632 93,704
     Local 403,908 19,632 3,887 15,745 375,285 63,550 484 0 42,099 161,621 0 76,461 31,070 8,991
South Carolina 15,962,950 598,279 2,961 595,318 15,364,671 3,425,574 3,132,450 0 8,795,008 11,639 0 0 0 0
     State 15,925,471 597,771 2,961 594,810 15,327,700 3,416,604 3,124,972 0 8,786,124 0 0 0 0 0
     Local 37,479 508 0 508 36,971 8,970 7,478 0 8,884 11,639 0 0 0 0
South Dakota 3,626,910 378,486 647 377,839 2,950,368 293,964 107,976 5,299 397,863 1,485,210 0 0 660,056 298,056
     State 3,480,391 375,033 0 375,033 2,814,589 286,810 107,942 0 390,601 1,458,907 0 0 570,329 290,769
     Local 146,519 3,453 647 2,806 135,779 7,154 34 5,299 7,262 26,303 0 0 89,727 7,287
Tennessee 22,955,712 1,201,751 83,956 1,117,795 21,346,117 3,853,000 2,394,712 24,692 3,865,404 7,600,623 28,410 2,457 3,576,819 407,844
     State 18,423,747 902,626 27,374 875,252 17,521,121 3,305,324 2,185,692 0 3,389,393 5,539,624 0 0 3,101,088 0
     Local 4,531,965 299,125 56,582 242,543 3,824,996 547,676 209,020 24,692 476,011 2,060,999 28,410 2,457 475,731 407,844
Texas 97,866,318 3,203,107 848,623 2,354,484 93,792,570 11,144,774 10,031,066 79,972 17,298,446 44,795,264 946,140 199,194 9,297,714 870,641
     State 88,406,136 2,751,886 795,267 1,956,619 85,329,670 10,158,798 9,808,958 0 15,876,221 41,109,130 930,189 536 7,445,838 324,580
     Local 9,460,182 451,221 53,356 397,865 8,462,900 985,976 222,108 79,972 1,422,225 3,686,134 15,951 198,658 1,851,876 546,061
Utah 9,065,829 271,980 46 271,934 7,647,692 576,111 419,673 0 1,226,501 3,070,123 4,234 0 2,351,050 1,146,157
     State 9,065,829 271,980 46 271,934 7,647,692 576,111 419,673 0 1,226,501 3,070,123 4,234 0 2,351,050 1,146,157
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Vermont 1,765,225 43,551 2,680 40,871 1,580,573 16,420 0 0 398,484 1,153,732 1,163 13 10,761 141,101
     State 1,700,230 42,946 2,660 40,286 1,517,619 0 0 0 387,889 1,128,740 990 0 0 139,665
     Local 64,995 605 20 585 62,954 16,420 0 0 10,595 24,992 173 13 10,761 1,436
Virginia 33,642,465 573,683 171,666 402,017 30,952,488 3,340,752 185,136 5,523 4,391,119 11,608,429 90,107 8,875,526 2,455,896 2,116,294
     State 27,950,416 137,371 27,792 109,579 25,737,216 2,818,504 0 0 3,386,710 8,957,327 36,101 8,860,447 1,678,127 2,075,829
     Local 5,692,049 436,312 143,874 292,438 5,215,272 522,248 185,136 5,523 1,004,409 2,651,102 54,006 15,079 777,769 40,465
Washington 34,920,354 815,270 49,867 765,403 28,519,705 9,600,260 56,719 623 3,732,966 2,227,831 1,347,323 4,929,337 6,624,646 5,585,379
     State 33,208,977 673,743 36,722 637,021 26,997,437 9,415,795 0 0 3,552,477 1,684,864 1,214,940 4,928,559 6,200,802 5,537,797
     Local 1,711,377 141,527 13,145 128,382 1,522,268 184,465 56,719 623 180,489 542,967 132,383 778 423,844 47,582
West Virginia 3,063,254 196,204 8,237 187,967 2,862,829 2,246,229 434,547 0 138,462 5,614 8,557 29,223 197 4,221
     State 2,929,619 181,850 6,426 175,424 2,747,769 2,217,611 391,343 0 130,258 0 8,557 0 0 0
     Local 133,635 14,354 1,811 12,543 115,060 28,618 43,204 0 8,204 5,614 0 29,223 197 4,221
Wisconsin 45,982,712 1,821,194 89 1,821,105 41,821,285 6,546,145 1,285,834 389 3,601,033 25,722,520 165,355 1,375,025 3,124,984 2,340,233
     State 41,679,761 1,522,452 0 1,522,452 37,845,268 5,799,962 1,273,162 0 2,750,660 25,022,926 165,355 0 2,833,203 2,312,041
     Local 4,302,951 298,742 89 298,653 3,976,017 746,183 12,672 389 850,373 699,594 0 1,375,025 291,781 28,192
Wyoming 2,647,549 153,470 3,051 150,419 2,494,079 605,729 432,618 0 598,700 846,626 0 1,913 8,493 0
     State 2,602,528 152,710 2,491 150,219 2,449,818 590,906 430,699 0 581,374 838,346 0 0 8,493 0
     Local 45,021 760 560 200 44,261 14,823 1,919 0 17,326 8,280 0 1,913 0 0
 
Source: U.S. Census Bureau, Governments Division

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