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: 1993-1994

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 1,006,410,561 57,129,808 5,793,576 51,336,232 891,048,653 187,958,953 37,293,966 813,765 192,873,504 346,542,280 17,766,075 29,893,300 78,720,575 57,418,335
     State 811,742,778 41,274,783 3,859,627 37,415,156 722,053,885 158,533,221 29,132,635 328,709 159,362,455 269,219,186 16,863,344 24,482,025 64,461,019 48,085,401
     Local 194,667,783 15,855,025 1,933,949 13,921,076 168,994,768 29,425,732 8,161,331 485,056 33,511,049 77,323,094 902,731 5,411,275 14,259,556 9,332,934
Alabama 14,546,725 1,396,756 24,398 1,372,358 12,916,359 2,152,194 44,094 285 5,374,947 4,203,525 1,140,786 0 813 233,325
     State 13,666,153 1,320,825 9,229 1,311,596 12,112,003 1,892,268 0 0 5,189,845 3,889,152 1,140,738 0 0 233,325
     Local 880,572 75,931 15,169 60,762 804,356 259,926 44,094 285 185,102 314,373 48 0 813 0
Alaska 6,552,738 249,911 1,165 248,746 6,107,166 1,430,199 144,689 0 1,186,343 2,485,857 12,698 0 847,380 195,661
     State 6,267,592 236,018 0 236,018 5,846,088 1,430,199 80,349 0 1,141,251 2,352,839 9,397 0 832,053 185,486
     Local 285,146 13,893 1,165 12,728 261,078 0 64,340 0 45,092 133,018 3,301 0 15,327 10,175
Arizona 13,415,508 886,513 2,714 883,799 12,465,798 3,688,236 511,826 0 778,962 6,466,683 208,447 0 811,644 63,197
     State 12,284,636 809,929 2,673 807,256 11,452,564 3,607,180 284,451 0 645,149 5,953,826 208,447 0 753,511 22,143
     Local 1,130,872 76,584 41 76,543 1,013,234 81,056 227,375 0 133,813 512,857 0 0 58,133 41,054
Arkansas 5,838,257 429,060 11,447 417,613 5,384,966 1,125,271 629,964 10,345 933,133 2,681,965 1,163 4,965 8,505 13,886
     State 5,659,723 406,795 7,766 399,029 5,229,451 1,083,706 626,945 10,345 886,756 2,630,544 0 1,500 0 13,132
     Local 178,534 22,265 3,681 18,584 155,515 41,565 3,019 0 46,377 51,421 1,163 3,465 8,505 754
California 170,891,938 7,233,672 441,097 6,792,575 150,937,249 29,562,421 3,550,161 130,473 34,227,144 56,205,257 5,580,545 683,697 21,128,024 12,590,544
     State 122,549,785 2,711,973 135,830 2,576,143 110,150,467 21,329,218 2,055,975 0 24,161,241 38,927,829 5,405,996 546,727 17,723,481 9,687,345
     Local 48,342,153 4,521,699 305,267 4,216,432 40,786,782 8,233,203 1,494,186 130,473 10,065,903 17,277,428 174,549 136,970 3,404,543 2,903,199
Colorado 15,797,294 569,097 130,229 438,868 14,045,560 1,897,705 215,559 25,855 2,863,837 6,208,565 636,080 460,508 1,763,306 1,156,782
     State 13,394,239 334,607 101,346 233,261 11,928,780 1,475,556 90,913 25,855 2,341,401 5,455,361 578,577 383,828 1,603,144 1,104,997
     Local 2,403,055 234,490 28,883 205,607 2,116,780 422,149 124,646 0 522,436 753,204 57,503 76,680 160,162 51,785
Connecticut 11,751,792 804,396 87,978 716,418 10,508,007 1,104,776 83,144 44,500 2,193,808 3,205,585 69,792 1,096,517 2,754,385 394,889
     State 8,986,277 551,065 11,329 539,736 8,083,214 779,724 34,545 38,888 1,937,328 2,343,766 69,089 419,472 2,499,290 313,110
     Local 2,765,515 253,331 76,649 176,682 2,424,793 325,052 48,599 5,612 256,480 861,819 703 677,045 255,095 81,779
Delaware 2,497,838 193,194 22,240 170,954 2,019,227 16,817 11,157 16,085 772,649 873,898 0 0 344,706 269,332
     State 2,318,580 164,842 21,701 143,141 1,888,906 0 0 0 752,921 794,596 0 0 341,389 264,832
     Local 179,258 28,352 539 27,813 130,321 16,817 11,157 16,085 19,728 79,302 0 0 3,317 4,500
District of Columbia 2,511,963 0 0 0 0 0 0 0 0 0 0 0 0 2,511,963
     State 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     Local 2,511,963 0 0 0 0 0 0 0 0 0 0 0 0 2,511,963
Florida 39,540,597 2,110,114 80,761 2,029,353 36,504,681 4,110,762 3,175,501 29,037 4,245,197 23,461,783 11,102 386,438 1,113,898 896,765
     State 33,595,055 1,596,851 1,492 1,595,359 31,167,225 2,932,897 3,013,515 0 3,214,185 21,066,861 0 0 939,767 830,979
     Local 5,945,542 513,263 79,269 433,994 5,337,456 1,177,865 161,986 29,037 1,031,012 2,394,922 11,102 386,438 174,131 65,786
Georgia 21,698,978 638,348 63,727 574,621 21,018,371 7,451,609 80,503 8,170 3,091,976 9,973,168 12,073 51,397 357,645 34,089
     State 19,495,409 506,344 22,268 484,076 18,953,830 6,623,505 23,948 8,170 2,766,070 9,150,112 11,296 23,286 355,613 27,065
     Local 2,203,569 132,004 41,459 90,545 2,064,541 828,104 56,555 0 325,906 823,056 777 28,111 2,032 7,024
Hawaii 5,528,182 408,356 25,289 383,067 4,569,398 572,150 0 0 982,568 1,662,502 270,932 9,936 1,071,310 550,428
     State 5,528,182 408,356 25,289 383,067 4,569,398 572,150 0 0 982,568 1,662,502 270,932 9,936 1,071,310 550,428
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Idaho 2,590,474 50,543 880 49,663 2,357,816 749,844 226 0 4,156 1,119,273 134,005 0 350,312 182,115
     State 2,580,414 45,898 173 45,725 2,352,401 749,263 0 0 0 1,119,273 134,005 0 349,860 182,115
     Local 10,060 4,645 707 3,938 5,415 581 226 0 4,156 0 0 0 452 0
Illinois 44,612,155 3,149,381 452,308 2,697,073 36,849,482 6,544,214 2,013,359 22,871 7,491,798 13,896,323 96,289 58,822 6,748,677 4,590,421
     State 27,085,706 1,749,412 54,124 1,695,288 21,427,343 1,573,704 1,231,236 0 5,029,584 8,239,653 26,776 0 5,326,390 3,908,951
     Local 17,526,449 1,399,969 398,184 1,001,785 15,422,139 4,970,510 782,123 22,871 2,462,214 5,656,670 69,513 58,822 1,422,287 681,470
Indiana 9,298,383 635,500 17,326 618,174 8,662,480 3,755,344 1,924,288 0 2,959,018 762 469 481 22,118 403
     State 8,564,916 486,574 2,867 483,707 8,078,082 3,406,765 1,892,721 0 2,775,077 0 469 0 3,050 260
     Local 733,467 148,926 14,459 134,467 584,398 348,579 31,567 0 183,941 762 0 481 19,068 143
Iowa 7,918,630 424,476 129,336 295,140 6,595,425 170,429 23,913 500 2,081,284 955,124 0 18,739 3,345,936 898,229
     State 7,719,691 422,801 129,259 293,542 6,398,470 161,748 11,853 500 1,937,381 941,757 0 0 3,345,731 897,920
     Local 198,939 1,675 77 1,598 196,955 8,681 12,060 0 143,903 13,367 0 18,739 205 309
Kansas 4,905,053 71,859 4,282 67,577 4,407,185 273,783 99,430 0 1,062,275 1,533,454 4,331 38,451 1,395,461 426,009
     State 4,371,418 60,029 1,944 58,085 3,887,172 229,015 31,463 0 963,516 1,295,393 0 0 1,367,785 424,217
     Local 533,635 11,830 2,338 9,492 520,013 44,768 67,967 0 98,759 238,061 4,331 38,451 27,676 1,792
Kentucky 10,459,677 1,236,661 1,079 1,235,582 8,798,231 2,085,058 37,190 1,585 1,762,926 4,560,678 343,205 5,459 3,715 423,200
     State 10,274,266 1,230,036 0 1,230,036 8,621,055 2,048,792 24,908 0 1,704,552 4,500,764 342,039 0 0 423,175
     Local 185,411 6,625 1,079 5,546 177,176 36,266 12,282 1,585 58,374 59,914 1,166 5,459 3,715 25
Louisiana 12,454,701 1,399,700 191,837 1,207,863 10,850,532 3,283,266 300,595 1,026 1,899,811 3,973,597 16 39,020 1,354,227 203,443
     State 11,468,557 1,291,638 182,755 1,108,883 9,974,482 2,933,643 263,725 0 1,673,139 3,732,731 16 17,001 1,354,227 202,437
     Local 986,144 108,062 9,082 98,980 876,050 349,623 36,870 1,026 226,672 240,866 0 22,019 0 1,006
Maine 1,774,928 0 0 0 1,772,250 0 0 0 82,150 1,401,600 279,100 0 9,400 2,678
     State 1,774,928 0 0 0 1,772,250 0 0 0 82,150 1,401,600 279,100 0 9,400 2,678
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Maryland 19,163,902 686,627 41,784 644,843 16,840,007 3,466,034 45,200 194,280 5,203,756 6,728,445 14,296 209,180 1,173,096 1,442,988
     State 15,011,586 496,893 11,606 485,287 13,998,909 3,346,000 0 0 4,968,750 5,580,178 8,472 0 95,509 515,784
     Local 4,152,316 189,734 30,178 159,556 2,841,098 120,034 45,200 194,280 235,006 1,148,267 5,824 209,180 1,077,587 927,204
Massachusetts 15,213,802 1,376,543 672,817 703,726 13,161,276 1,036,711 855,350 2,934 2,468,128 3,320,491 4,667 1,687,527 3,788,402 673,049
     State 9,188,375 888,750 376,374 512,376 7,858,426 173,223 703,685 1,229 1,262,729 993,208 4,077 1,594,977 3,126,527 439,970
     Local 6,025,427 487,793 296,443 191,350 5,302,850 863,488 151,665 1,705 1,205,399 2,327,283 590 92,550 661,875 233,079
Michigan 34,969,095 5,414,211 394,386 5,019,825 26,678,188 5,662,563 410,379 30,547 6,081,342 11,376,893 1,243,467 685,255 1,218,289 2,846,149
     State 23,238,442 4,456,195 253,738 4,202,457 16,541,120 3,511,363 0 0 4,022,099 7,376,960 778,800 0 851,898 2,241,127
     Local 11,730,653 958,016 140,648 817,368 10,137,068 2,151,200 410,379 30,547 2,059,243 3,999,933 464,667 685,255 366,391 605,022
Minnesota 21,197,841 607,604 118,779 488,825 16,842,854 551,542 178,276 1,627 777,789 1,651,198 38,766 13,275,968 369,315 3,745,756
     State 18,392,701 219,211 4,409 214,802 14,569,730 330,803 3,364 0 267,810 522,722 0 13,153,973 291,058 3,603,760
     Local 2,805,140 388,393 114,370 274,023 2,273,124 220,739 174,912 1,627 509,979 1,128,476 38,766 121,995 78,257 141,996
Mississippi 4,230,690 802,211 48,200 754,011 3,359,218 47,716 0 65,896 935,471 1,944,709 0 0 431,322 3,365
     State 4,230,690 802,211 48,200 754,011 3,359,218 47,716 0 65,896 935,471 1,944,709 0 0 431,322 3,365
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Missouri 16,629,032 1,005,806 21,456 984,350 15,369,635 1,931,198 767,429 6,925 6,656,733 5,482,039 23,548 45,017 463,671 246,666
     State 13,500,283 824,222 836 823,386 12,519,518 1,295,253 686,124 4,925 6,070,121 4,170,353 18,152 0 279,515 151,618
     Local 3,128,749 181,584 20,620 160,964 2,850,117 635,945 81,305 2,000 586,612 1,311,686 5,396 45,017 184,156 95,048
Montana 2,362,691 51,629 6,920 44,709 2,034,724 305,771 3,088 0 1,054,406 528,242 99,776 0 43,441 276,338
     State 2,362,076 51,014 6,809 44,205 2,034,724 305,771 3,088 0 1,054,406 528,242 99,776 0 43,441 276,338
     Local 615 615 111 504 0 0 0 0 0 0 0 0 0 0
Nebraska 2,996,364 213,696 22,590 191,106 2,764,354 371,004 374,763 0 571,898 1,141,332 0 108,709 196,648 18,314
     State 1,723,355 101,908 21,163 80,745 1,621,447 114,714 374,414 0 313,476 645,267 0 0 173,576 0
     Local 1,273,009 111,788 1,427 110,361 1,142,907 256,290 349 0 258,422 496,065 0 108,709 23,072 18,314
Nevada 5,215,973 215,870 2,155 213,715 4,516,524 1,523,581 147,252 0 584,776 974,818 0 19,769 1,266,328 483,579
     State 5,196,204 215,870 2,155 213,715 4,496,755 1,523,581 147,252 0 584,776 974,818 0 0 1,266,328 483,579
     Local 19,769 0 0 0 19,769 0 0 0 0 0 0 19,769 0 0
New Hampshire 567,248 3,235 2,779 456 345,714 3,990 0 0 1,897 88 0 0 339,739 218,299
     State 560,126 2,779 2,779 0 339,048 0 0 0 0 0 0 0 339,048 218,299
     Local 7,122 456 0 456 6,666 3,990 0 0 1,897 88 0 0 691 0
New Jersey 28,877,388 21,861 6,740 15,121 28,169,450 14,594 95,187 0 15,398,858 12,439,196 0 0 221,615 686,077
     State 28,807,485 693 693 0 28,123,357 0 92,170 0 15,392,589 12,418,742 0 0 219,856 683,435
     Local 69,903 21,168 6,047 15,121 46,093 14,594 3,017 0 6,269 20,454 0 0 1,759 2,642
New Mexico 6,023,112 152,732 92,932 59,800 5,870,380 1,493,986 533,254 0 1,758,817 2,079,875 4,448 0 0 0
     State 6,023,112 152,732 92,932 59,800 5,870,380 1,493,986 533,254 0 1,758,817 2,079,875 4,448 0 0 0
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
New York 132,215,845 5,588,916 14,444 5,574,472 121,443,960 22,941,354 2,779,426 0 19,554,504 61,884,065 3,810,144 1,396,891 9,077,576 5,182,969
     State 78,562,131 1,895,539 11,720 1,883,819 71,483,623 18,308,178 515,805 0 10,282,640 33,861,597 3,776,384 0 4,739,019 5,182,969
     Local 53,653,714 3,693,377 2,724 3,690,653 49,960,337 4,633,176 2,263,621 0 9,271,864 28,022,468 33,760 1,396,891 4,338,557 0
North Carolina 23,435,940 7,073,127 40,029 7,033,098 16,047,441 6,507,184 1,600 194 6,199,025 3,230,015 0 16,568 93,049 315,178
     State 23,294,177 7,063,858 33,163 7,030,695 15,915,401 6,494,116 0 0 6,177,491 3,167,855 0 11,257 64,682 314,918
     Local 141,763 9,269 6,866 2,403 132,040 13,068 1,600 194 21,534 62,160 0 5,311 28,367 260
North Dakota 1,267,794 54,569 11,180 43,389 1,196,940 182,136 19,500 0 75,304 224,549 161 595,705 99,585 16,285
     State 1,163,331 26,269 4,009 22,260 1,122,353 157,460 19,500 0 68,471 222,669 161 554,507 99,585 14,709
     Local 104,463 28,300 7,171 21,129 74,587 24,676 0 0 6,833 1,880 0 41,198 0 1,576
Ohio 66,484,803 1,496,974 57,518 1,439,456 60,609,186 30,655,319 2,305,684 1,645 8,733,044 17,895,089 53,495 0 966,555 4,376,998
     State 65,300,013 1,316,121 55,485 1,260,636 59,606,349 30,528,719 2,237,272 1,645 8,719,839 17,131,371 44,052 0 945,096 4,375,898
     Local 1,184,790 180,853 2,033 178,820 1,002,837 126,600 68,412 0 13,205 763,718 9,443 0 21,459 1,100
Oklahoma 6,561,850 651,436 103,459 547,977 5,660,872 1,677,295 354,564 142,066 361,459 2,972,747 0 0 294,807 107,476
     State 6,162,324 623,838 91,745 532,093 5,291,008 1,604,578 338,326 141,581 235,121 2,869,509 0 0 243,474 105,897
     Local 399,526 27,598 11,714 15,884 369,864 72,717 16,238 485 126,338 103,238 0 0 51,333 1,579
Oregon 9,173,627 776,780 480,208 296,572 6,515,838 1,554,548 402,404 0 1,027,260 1,314,544 295,852 0 1,921,230 1,881,009
     State 9,164,148 767,301 470,729 296,572 6,515,838 1,554,548 402,404 0 1,027,260 1,314,544 295,852 0 1,921,230 1,881,009
     Local 9,479 9,479 9,479 0 0 0 0 0 0 0 0 0 0 0
Pennsylvania 42,598,773 2,540,495 135,361 2,405,134 37,687,931 5,619,031 3,471,378 4,200 4,346,276 19,072,489 895,700 763,473 3,519,584 2,366,147
     State 37,717,488 1,851,254 1 1,851,253 33,629,610 4,852,979 3,122,760 0 3,910,243 17,227,038 894,686 495,595 3,126,309 2,236,624
     Local 4,881,285 689,241 135,360 553,881 4,058,321 766,052 348,618 4,200 436,033 1,845,451 1,014 267,878 393,275 129,523
Rhode Island 3,211,081 335,100 2,903 332,197 2,501,208 1,007,091 4,767 0 186,572 1,229,114 0 54 73,610 374,773
     State 2,843,068 325,744 2,053 323,691 2,359,425 988,462 0 0 172,801 1,198,162 0 0 0 157,899
     Local 368,013 9,356 850 8,506 141,783 18,629 4,767 0 13,771 30,952 0 54 73,610 216,874
South Carolina 11,906,426 668,712 388 668,324 11,226,661 4,353,186 3,870,879 0 2,996,193 6,403 0 0 0 11,053
     State 11,874,913 665,370 324 665,046 11,204,472 4,345,415 3,866,246 0 2,992,811 0 0 0 0 5,071
     Local 31,513 3,342 64 3,278 22,189 7,771 4,633 0 3,382 6,403 0 0 0 5,982
South Dakota 2,209,550 423,916 4,982 418,934 1,716,825 229,589 80,094 50 286,647 876,459 0 0 244,036 68,759
     State 2,099,686 414,682 0 414,682 1,617,784 206,715 76,910 0 275,098 855,937 0 0 203,124 67,220
     Local 109,864 9,234 4,982 4,252 99,041 22,874 3,184 50 11,549 20,522 0 0 40,912 1,539
Tennessee 11,933,333 238,953 31,237 207,716 11,622,665 549,804 2,413,978 300 3,448,681 3,863,025 6,169 439,259 901,749 71,415
     State 8,908,778 683 683 0 8,908,095 53,907 2,252,091 0 3,120,006 2,793,286 0 0 688,805 0
     Local 3,024,555 238,270 30,554 207,716 2,714,570 495,897 161,887 300 328,675 1,069,739 6,169 439,259 212,944 71,415
Texas 50,698,204 2,163,157 1,642,816 520,341 47,681,167 10,379,938 2,851,628 0 12,553,747 15,935,131 1,346,212 272,221 4,342,290 853,880
     State 44,234,788 1,695,375 1,617,151 78,224 42,056,466 9,484,296 2,762,301 0 11,529,562 13,222,041 1,334,937 0 3,723,329 482,947
     Local 6,463,416 467,782 25,665 442,117 5,624,701 895,642 89,327 0 1,024,185 2,713,090 11,275 272,221 618,961 370,933
Utah 5,116,601 348,798 64 348,734 4,223,208 416,717 407,967 0 757,063 2,625,540 15,921 0 0 544,595
     State 5,116,601 348,798 64 348,734 4,223,208 416,717 407,967 0 757,063 2,625,540 15,921 0 0 544,595
     Local 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Vermont 1,095,174 86,982 6,529 80,453 965,949 55,143 7,249 0 237,057 662,063 1,944 382 2,111 42,243
     State 1,044,307 85,465 6,439 79,026 917,997 50,369 7,230 0 223,470 635,910 1,018 0 0 40,845
     Local 50,867 1,517 90 1,427 47,952 4,774 19 0 13,587 26,153 926 382 2,111 1,398
Virginia 18,880,450 1,324,386 93,039 1,231,347 16,228,827 2,876,443 139,386 36,407 2,695,424 5,813,262 17,960 4,442,624 243,728 1,290,830
     State 14,847,683 970,176 17,228 952,948 12,626,409 2,239,221 0 0 2,000,170 3,952,062 17,218 4,417,738 0 1,251,098
     Local 4,032,767 354,210 75,811 278,399 3,602,418 637,222 139,386 36,407 695,254 1,861,200 742 24,886 243,728 39,732
Washington 20,609,272 459,098 37,118 421,980 16,898,517 5,962,105 62,050 1,049 2,249,240 1,207,165 699,865 2,852,233 3,865,859 3,250,608
     State 19,573,246 385,297 7,320 377,977 15,982,537 5,768,304 23,687 0 2,058,879 975,243 699,862 2,852,228 3,604,334 3,205,412
     Local 1,036,026 73,801 29,798 44,003 915,980 193,801 38,363 1,049 190,361 231,922 3 5 261,525 45,196
West Virginia 2,317,015 169,705 2,018 167,687 2,143,684 1,989,599 5,671 1 140,010 16 6,881 1,507 0 3,625
     State 2,213,363 134,395 0 134,395 2,078,968 1,963,049 0 0 109,038 0 6,881 0 0 0
     Local 103,652 35,310 2,018 33,292 64,716 26,550 5,671 1 30,972 16 0 1,507 0 3,625
Wisconsin 32,499,835 277,840 0 277,840 31,804,530 4,215,893 1,849,140 34,912 10,439,819 14,663,855 385,770 226,528 23,525 382,553
     State 29,674,586 148,373 0 148,373 29,170,118 4,154,442 890,238 29,675 9,792,613 13,947,055 385,770 0 0 326,420
     Local 2,825,249 129,467 0 129,467 2,634,412 61,451 958,902 5,237 647,206 716,800 0 226,528 23,525 56,133
Wyoming 2,162,039 11,302 10,652 650 2,150,737 403,810 10,824 0 1,098,326 529,824 0 0 107,953 0
     State 2,128,185 9,774 9,774 0 2,118,411 390,003 0 0 1,094,721 525,734 0 0 107,953 0
     Local 33,854 1,528 878 650 32,326 13,807 10,824 0 3,605 4,090 0 0 0 0
 
Source: U.S. Census Bureau, Governments Division

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