Industry News
Print
Federal Reserve Reports Public Pension Assets Reach Record $4.82 Trillion in the Fourth Quarter of 2019
On March 12, 2020, the Board of Governors of the Federal Reserve released its Financial Accounts of the United States statistical report for the fourth quarter of 2019. On page 99, the report shows that state and local government employee retirement fund assets totaled a record $4.82 trillion on December 31, 2019, up from $4.17 trillion on December 31, 2018, an increase of about $650 billion (or 15.6% based on the unrounded asset values). Moreover, state and local retirement funds’ holdings of corporate equities totaled nearly $3.00 trillion (62.2% of total assets) on December 31, 2019, up from $2.53 trillion (60.7% of total assets) on December 31, 2018.
The report is available here.