The California State Teachers' Retirement System, Sacramento, expects to prepare an RFP by March 1997 for international equity securities lending services for the $65 billion fund.
State Street Bank is the fund's only international securities lender now. By increasing its stable, the fund hopes to increase its income on its $5 billion in international securities.
Before issuing the RFP, the fund wants to resolve some minor accounting issues. The fund's consultant, Pension Consulting Alliance, will assist in putting together the RFP.