Table 4a. Cash and Investment Holdings of State and Local Government Employee-Retirement Systems by State and Level of Government: Fiscal Year 2004-2005 (Thousand dollars) State and level of government Cash and deposits -------------------------------------- Total Total Cash and Time,savings demand deposits and deposits nonfederal short-term investments United States 2,671,701,434 90,862,566 18,237,709 72,624,857 State 2,226,360,667 69,057,410 11,184,728 57,872,682 Local 445,340,767 21,805,156 7,052,981 14,752,175 Alabama 26,749,408 1,538,536 144,386 1,394,150 State 24,603,945 1,363,812 20,514 1,343,298 Local 2,145,463 174,724 123,872 50,852 Alaska 11,356,049 375,478 27,987 347,491 State 10,961,011 370,430 22,939 347,491 Local 395,038 5,048 5,048 0 Arizona 32,139,541 2,435,825 83,490 2,352,335 State 29,807,060 2,325,130 18,949 2,306,181 Local 2,332,481 110,695 64,541 46,154 Arkansas 16,053,650 386,212 56,117 330,095 State 15,736,841 358,794 31,368 327,426 Local 316,809 27,418 24,749 2,669 California 513,611,144 14,592,580 2,662,847 11,929,733 State 375,785,119 6,508,372 665,542 5,842,830 Local 137,826,025 8,084,208 1,997,305 6,086,903 Colorado 41,044,743 1,411,290 102,926 1,308,364 State 35,382,662 1,258,069 13,953 1,244,116 Local 5,662,081 153,221 88,973 64,248 Connecticut 25,766,828 595,147 76,932 518,215 State 20,586,362 364,212 1,555 362,657 Local 5,180,466 230,935 75,377 155,558 Delaware 6,411,171 257,628 16,831 240,797 State 5,928,003 235,635 0 235,635 Local 483,168 21,993 16,831 5,162 District of Columbia 3,110,237 327,575 327,570 5 State 0 0 0 0 Local 3,110,237 327,575 327,570 5 Florida 131,376,297 6,740,328 1,242,589 5,497,739 State 117,432,206 5,917,552 1,042,450 4,875,102 Local 13,944,091 822,776 200,139 622,637 Georgia 64,961,357 1,307,227 144,098 1,163,129 State 59,842,864 884,352 15,447 868,905 Local 5,118,493 422,875 128,651 294,224 Hawaii 9,325,855 538,330 0 538,330 State 9,325,855 538,330 0 538,330 Local 0 0 0 0 Idaho 8,546,286 503,073 4,678 498,395 State 8,529,899 502,614 4,351 498,263 Local 16,387 459 327 132 Illinois 120,512,123 3,318,533 1,387,651 1,930,882 State 79,273,004 1,981,536 578,497 1,403,039 Local 41,239,119 1,336,997 809,154 527,843 Indiana 23,610,098 1,481,534 493,131 988,403 State 23,253,582 1,432,548 450,670 981,878 Local 356,516 48,986 42,461 6,525 Iowa 21,550,423 772,741 449,534 323,207 State 21,509,329 771,662 449,136 322,526 Local 41,094 1,079 398 681 Kansas 12,380,042 668,058 83,755 584,303 State 11,545,296 643,826 82,486 561,340 Local 834,746 24,232 1,269 22,963 Kentucky 28,426,549 1,519,239 12,067 1,507,172 State 28,012,848 1,508,010 11,617 1,496,393 Local 413,701 11,229 450 10,779 Louisiana 32,265,518 1,145,677 264,731 880,946 State 30,218,462 1,054,166 218,964 835,202 Local 2,047,056 91,511 45,767 45,744 Maine 8,821,421 435,235 433,364 1,871 State 8,821,421 435,235 433,364 1,871 Local 0 0 0 0 Maryland 43,772,311 1,722,829 376,727 1,346,102 State 33,121,509 1,031,013 181,790 849,223 Local 10,650,802 691,816 194,937 496,879 Massachusetts 53,125,999 1,353,835 867,150 486,685 State 38,221,456 688,410 671,916 16,494 Local 14,904,543 665,425 195,234 470,191 Michigan 74,129,964 3,379,226 680,093 2,699,133 State 54,508,601 1,565,469 380,804 1,184,665 Local 19,621,363 1,813,757 299,289 1,514,468 Minnesota 47,274,496 463,221 52,761 410,460 State 43,226,630 292,888 3,086 289,802 Local 4,047,866 170,333 49,675 120,658 Mississippi 20,266,701 848,871 321,033 527,838 State 20,266,701 848,871 321,033 527,838 Local 0 0 0 0 Missouri 49,738,979 2,233,478 158,673 2,074,805 State 43,497,133 1,957,841 63,069 1,894,772 Local 6,241,846 275,637 95,604 180,033 Montana 6,520,839 249,490 68,723 180,767 State 6,520,839 249,490 68,723 180,767 Local 0 0 0 0 Nebraska 8,280,493 27,827 13,505 14,322 State 6,108,105 3,218 3,218 0 Local 2,172,388 24,609 10,287 14,322 Nevada 19,873,587 439,712 19 439,693 State 19,873,587 439,712 19 439,693 Local 0 0 0 0 New Hampshire 4,914,323 175,409 9,664 165,745 State 4,783,211 173,334 7,589 165,745 Local 131,112 2,075 2,075 0 New Jersey 59,116,884 355,740 355,740 0 State 59,010,167 349,397 349,397 0 Local 106,717 6,343 6,343 0 New Mexico 18,980,329 892,843 819,359 73,484 State 18,980,329 892,843 819,359 73,484 Local 0 0 0 0 New York 311,670,392 5,810,976 349,559 5,461,417 State 208,836,466 3,212,839 0 3,212,839 Local 102,833,926 2,598,137 349,559 2,248,578 North Carolina 64,963,053 17,866 17,701 165 State 64,608,043 2,258 2,258 0 Local 355,010 15,608 15,443 165 North Dakota 3,184,679 90,430 10,087 80,343 State 2,993,218 88,573 8,648 79,925 Local 191,461 1,857 1,439 418 Ohio 136,819,216 4,239,413 992,664 3,246,749 State 134,510,382 4,113,199 982,946 3,130,253 Local 2,308,834 126,214 9,718 116,496 Oklahoma 20,317,801 175,286 42,536 132,750 State 19,394,708 146,539 41,305 105,234 Local 923,093 28,747 1,231 27,516 Oregon 50,696,196 2,868,208 601,673 2,266,535 State 50,666,046 2,852,117 585,582 2,266,535 Local 30,150 16,091 16,091 0 Pennsylvania 95,165,418 6,154,103 756,470 5,397,633 State 80,808,642 5,131,215 0 5,131,215 Local 14,356,776 1,022,888 756,470 266,418 Rhode Island 8,506,674 65,703 19,111 46,592 State 7,728,704 23,231 4,621 18,610 Local 777,970 42,472 14,490 27,982 South Carolina 29,637,878 3,090,825 1,547 3,089,278 State 29,593,372 3,087,790 0 3,087,790 Local 44,506 3,035 1,547 1,488 South Dakota 6,905,972 541,333 10,072 531,261 State 6,634,355 534,034 2,773 531,261 Local 271,617 7,299 7,299 0 Tennessee 34,199,401 2,084,391 919,161 1,165,230 State 27,646,663 1,843,283 805,661 1,037,622 Local 6,552,738 241,108 113,500 127,608 Texas 152,978,816 7,127,757 2,289,809 4,837,948 State 134,545,415 5,762,226 1,610,543 4,151,683 Local 18,433,401 1,365,531 679,266 686,265 Utah 16,940,610 1,054,674 163 1,054,511 State 16,940,610 1,054,674 163 1,054,511 Local 0 0 0 0 Vermont 2,831,949 97,329 93,900 3,429 State 2,729,767 91,956 91,956 0 Local 102,182 5,373 1,944 3,429 Virginia 53,253,874 1,940,803 264,211 1,676,592 State 43,805,769 1,557,788 62,602 1,495,186 Local 9,448,105 383,015 201,609 181,406 Washington 52,303,603 1,545,666 47,712 1,497,954 State 49,060,704 1,217,991 0 1,217,991 Local 3,242,899 327,675 47,712 279,963 West Virginia 5,718,710 17,105 11,065 6,040 State 5,529,688 196 196 0 Local 189,022 16,909 10,869 6,040 Wisconsin 75,722,404 1,144,674 66,959 1,077,715 State 69,782,935 1,087,433 48,491 1,038,942 Local 5,939,469 57,241 18,468 38,773 Wyoming 5,871,143 303,297 5,178 298,119 State 5,871,143 303,297 5,178 298,119 Local 0 0 0 0 Note: The standard error is a measure of the variation among the estimates from all samples and thus is a measure of the precision with which an estimate from a particular sample approximates the average results of all possible samples. The coefficient of variation (CV) is the estimated standard error expressed as a percent of the estimated total or proportion. CV's for estimates in this table are displayed in table 4b. Source: U.S. Census Bureau, Governments Division Created: September 22, 2007 Last Revised: May 15, 2007