Federal Reserve reports combined value of public pension assets grew for fourth consecutive quarter
The Federal Reserve last week reported that the combined value of defined benefit plan assets held by state and local governments increased to $2.79 trillion, up by $108 billion, or 4.0 percent, from the level for the quarter ended 12/31/09.
The 3/31/10 figure is higher by $626 billion, or 29 percent, from its 3/31/09 level, which was near the low point of the 2008-09 equity market decline. Data was reported in the Fed’s quarterly Flow of Funds report for March 31, 2010.
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