Overview
All accounts in the state treasury or in the custody of the State Treasurer are pooled for banking and investment purposes. This concentration account – or treasury/trust portfolio – is comprised of over 500 separate accounts each authorized by statute with a specific purpose. Receipts and disbursements are tracked separately for each account.
Pooling the balances of these accounts means the state can benefit from substantially lower banking fees and realize millions of dollars annually in additional interest earnings
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News
Articles on our work and partners, and how we intersect with education, infrastructure, and finance.
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ost_admin2023-05-09 12:43:072023-05-09 12:43:07Treasury Request Legislation to Spur Economic Development, Local Partnerships Signed
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ost_admin2023-04-26 15:58:432023-04-26 16:04:12State Treasurer Saves $160.7 Million in Bond Sale, Highest Savings from Refinancing in Washington History
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ost_admin2023-03-20 16:43:332023-03-20 16:43:33Treasurer Pellicciotti Reiterates Budget Recommendations Following Revenue Forecast
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Adam Johnson2023-02-07 15:34:532023-02-07 15:35:54Local Governments Obtain Low-Interest Financing Through the Office of the State Treasurer
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ost_admin2023-01-18 17:22:532023-01-18 17:22:53State Treasurer Secures Favorable Interest Rates in Bond Sale, Saving Tens of Millions in Debt Costs