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Federal Reserve Reports Public Pension Assets Reach Record $4.5 Trillion in the First Quarter of 2019
On June 6, 2019, the Board of Governors of the Federal Reserve released its Financial Accounts of the United States statistical report for the first quarter of 2019. On page 99, the report shows that state and local government employee retirement fund assets totaled a record $4.50 trillion on March 31, 2019, up from $4.25 trillion on March 31, 2018, an increase of $253 billion (or 5.6% based on the unrounded asset values). Moreover, state and local retirement funds’ holdings of corporate equities totaled $2.75 trillion (30.1% of total assets) on March 31, 2019, up from $2.61 trillion (29.7% of total assets) on March 31, 2018.
The Federal Reserve’s report is available here.