Table 1. Cash and Security Holdings of Major Public Employee-Retirement Systems: Quarter Ending September 30, 1998, and Prior Periods (Dollar amounts in millions. Because of rounding, detail may not add to totals.) Total Corporate Corporate Federal Date Total Stocks Bonds Securities Sept 30, 1998 . . . . 1,416,240 502,652 260,858 228,117 June 30, 1998. . . . 1,357,882 481,834 245,148 231,509 March 31, 1998. . . . 1,322,423 466,628 235,084 225,873 Dec 31, 1997 . . . . 1,282,517 460,532 227,191 222,095 Sept 30, 1997. . . . 1,261,541 431,884 224,955 225,325 June 30, 1997 . . . 1,173,612 410,098 209,021 214,645 March 31, 1997 . . . 1,142,721 401,076 206,988 211,895 Dec 31, 1996 . . . . 1,136,606 401,674 205,610 218,343 Sept 30, 1996 . . . 1,076,478 375,869 199,489 209,059 June 30, 1996 . . . 1,052,249 358,650 190,419 211,690 March 31, 1996 . . . 1,010,631 351,249 191,921 198,258 Dec 31, 1995 . . . . 982,487 343,610 187,648 193,070 Sept 30, 1995 . . . 961,687 333,209 183,077 191,811 June 30, 1995 . . . 947,467 325,296 183,081 190,826 March 31, 1995 . . . 933,766 330,485 180,696 194,010 Dec 31, 1994 . . . . 902,841 308,004 178,838 185,188 Sept 30, 1994 . . . 880,171 302,313 169,638 186,947 June 30, 1994 . . . 860,907 297,385 172,688 186,688 March 31, 1994 . . . 836,653 287,344 170,902 183,957 Dec 31, 1993 . . . . 825,402 282,728 171,783 178,952 Sept 30, 1993 . . . 799,202 263,899 163,925 179,206 June 30, 1993 . . . 778,302 257,150 168,924 170,702 March 31, 1993 . . . 754,603 247,530 160,861 170,122 United Federal State and Local States Agency Government Date Treasury Securities Mortgages Securities Sept 30, 1998 . . . . . 189,005 39,112 25,014 873 June 30, 1998. . . . . 194,426 37,083 25,930 1,031 March 31, 1998 . . . . 191,966 33,907 25,963 1,006 Dec 31, 1997 . . . . . 187,604 34,491 21,895 1,147 Sept 30,1997 . . . . . 187,846 37,479 20,362 789 June 30, 1997 . . . . 182,089 32,556 17,886 400 March 31,1997 . . . . 177,637 34,258 18,007 407 Dec 31, 1996 . . . . . 182,804 35,539 17,847 454 Sept 30, 1996 . . . . 175,141 33,918 17,380 446 June 30, 1996 . . . . 176,424 35,266 17,163 303 March 31, 1996 . . . . 168,403 29,855 16,960 662 Dec 31, 1995 . . . . . 163,960 29,110 16,739 430 Sept 30, 1995 . . . . 164,055 27,756 16,660 321 June 30, 1995 . . . . 163,271 27,555 16,400 324 March 31, 1995 . . . . 168,389 25,621 16,598 302 Dec 31, 1994 . . . . . 160,031 25,157 18,247 321 Sept 30, 1994 . . . . 158,851 28,096 18,618 317 June 30, 1994 . . . . 158,561 28,127 19,380 363 March 31, 1994 . . . . 160,042 23,915 18,752 307 Dec 31, 1993 . . . . . 153,468 25,484 24,804 591 Sept 30, 1993 . . . . 154,528 24,678 22,440 524 June 30, 1993 . . . . 145,626 25,076 21,682 604 March 31, 1993 . . . . 141,668 28,454 22,067 452 Cash and Other Date Deposits Securities Sept 30, 1998 . . . . . 78,223 320,503 June 30, 1998. . . . . 73,128 299,302 March 31, 1998 . . . . 75,972 291,897 Dec 31, 1997 . . . . . 58,283 291,374 Sept 30, 1997 . . . . 61,169 297,057 June 30, 1997 . . . . 69,524 252,038 March 31, 1997 . . . . 62,961 241,387 Dec 31, 1996 . . . . . 60,778 231,900 Sept 30, 1996 . . . . 58,971 215,264 June 30, 1996 . . . . 60,017 214,007 March 31, 1996 . . . . 57,000 194,581 Dec 31, 1995 . . . . . 59,204 181,786 Sept 30, 1995 . . . . 56,045 180,564 June 30, 1995 . . . . 55,462 176,078 March 31, 1995 . . . . 52,962 158,713 Dec 31, 1994 . . . . . 51,259 160,984 Sept 30, 1994 . . . . 47,530 154,808 June 30, 1994 . . . . 50,420 133,983 March 31, 1994 . . . . 44,577 130,814 Dec 31, 1993 . . . . . 45,847 120,697 Sept 30, 1993 . . . . 46,586 122,622 June 30, 1993 . . . . 46,615 112,625 March 31, 1993 . . . . 44,161 109,410