Second quarter levels are benchmarked annually to U.S. Census Bureau, Annual Survey of Public Pensions (ASPP), State & Local Data, Table 1: National Summary of Public-Employee Retirement Systems: mortgages. Quarterly levels between ASPP Q2 benchmarks are computed by increasing the previous level using the quarterly growth rate of U.S. Census Bureau, Quarterly Survey of Public Pensions (QSPP) mortgages held directly (X42). Any residual difference between Q2 benchmark level and quarter level method is spread evenly over the previous quarters. The unadjusted transactions are the change in the level, less any other changes in volume. Data for the most recent ten years show no significant seasonality.
Last edited on: 09/19/2017