Texas Teachers' securities lending program earns $940 million over decade

... $940 million in securities lending revenue from the onset of the program in 2002 through Dec. 31, 2012. In 2012, the pension fund had an average pool of lendable assets totaling $60.5 billion, the average utilization of those assets by borrowers ...

http://www.pionline.com/article/20130417/DAILYREG/130419890/texas-teachers-securities-lending-program-earns-940-million-over-decade