U.S. Federal Retirement Thrift Investment Aug. Summary
By Alex Tanzi -
2011-10-27T13:27:08Z
Following is the federal employee retirement thrift investment plan summary for Aug., according to the Federal Retirement Thrift Investment Board.
One in every 5.05 participants, or 891,341 people, has a loan outstanding against their retirement account.
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Aug. July June May April
2011 2011 2011 2011 2011
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Total ($m) $280,845 $287,691 $289,330 $290,455 $290,722
Participants (’000) 4,498 4,493 4,486 4,477 4,468
Loans Outstanding 891,341 884,181 878,441 873,269 868,321
Ratio 5.05 5.08 5.11 5.13 5.15
Amount ($m) 7,950 7,851 7,774 7,701 7,648
Avg. loan amount $8,919 $8,879 $8,850 $8,819 $8,808
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Effective January 2011. the Fund Balances no longer include outstanding
loans and other assets in conformance with revisions to the financial
statements.
SOURCE: Federal Retirement Thrift Investment Board
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net
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