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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https://www.tre.wa.gov/wp-content/uploads/Legislative-Building-Close-with-clouds-and-sun-scaled.jpg 1920 2560 ost_admin https://live-trewa-trewa.pantheonsite.io/wp-content/uploads/tre-wa-gov-logo-294x300-1.png 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