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U.S. defined benefit assets down 1.84% in 2015 — Fed report

(updated with correction)

U.S. public and private defined benefit plan assets totaled $8.01 trillion at the end of 2015, up 4.57% from the third quarter but down 1.84% from the end of 2014, said the Federal Reserve's latest Financial Accounts of the United States report released Thursday.

Corporate DB assets totaled $2.88 trillion as of Dec. 31, up 1.77% from the third quarter but down 3.03% from the end of 2014.

Corporate defined contribution assets totaled $5.38 trillion, up 3.26% from Sept. 30 and up 0.19% year-over year.

The report also found that state and local government DB assets reached $3.62 trillion at the end of the year, up 2.55% from the third quarter but down 3.47% from Dec. 31, 2014. State and local government DC assets totaled $478 billion, up 3.02% from the third quarter but down 2.05% from the end of 2014.

The federal government's DB assets totaled $1.51 trillion, a 16.5% increase from the previous and 4.86% increase from 2014.