Cash and securities (of retirement systems)

{
  "id": "MLC-T-ECS-000238",
  "term": "Cash and securities (of retirement systems)",
  "field": "Economic statistics",
  "definition": "Cash, deposits, government securities, bonds, stocks, etc., accumulated by a pension fund for the purpose of meeting retirement benefits when they become due.\n\nGovernment securities include U. S. Treasury bonds, notes, and Federal Financing Bank and other federal agency securities. Non-government securities include stocks, bonds, federally-sponsored agency securities, investments held in trust, mutual funds, and direct loans.\n\nInvestments held in trust may include funds administered by private agencies, guaranteed investment accounts, shares held in government common fund accounts, and loans made to employees.\n\nCommon funds are prorated using available secondary sources into appropriate investment detail \"stocks, bonds, federal securities, etc.\". Beginning in 2001-2002, corporate bonds and stocks are posted at market or fair market value. Federal securities include U.S. Treasury notes; federal agency obligations include mortgage-backed securities of the Government National Mortgage Association, and bonds issued by the Commodity Credit Corporation, Tennessee Valley Authority, and other agencies.\n\nFederal securities may include \"where totals alone are supplied\" bonds issued by agencies operating under federal authority but privately administered. Mortgages may include mortgage-backed securities where detail is unknown. Short-term funds such as cash on hand, demand deposits, and time deposits such as certificates of deposits are classified as \"cash and deposits,\" but may include federal securities or commercial and finance company paper not shown in detail.",
  "subject": "Governments",
  "see_also": [
    "Retirement system",
    "Statistics about Governments"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/cash-and-securities-of-retirement-systems/"
}