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_admin2023-11-07 15:44:462023-11-07 15:52:19In Latest Bond Sale, State Treasurer Passes Half-Billion Dollars Mark of Savings in First Term
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ost_admin2023-10-26 16:34:422023-10-30 08:16:26Municipal Districts Purchase Millions in Projects with help of State Treasurer’s Office
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ost_admin2023-09-27 15:04:202023-09-27 15:24:19Washington State Treasurer Commends Cannabis Banking Progress, Urges Further Action
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Adam Johnson
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Adam Johnson2023-07-25 15:56:082023-07-25 15:56:46Outstanding Credit Ratings Reaffirmed as State Treasurer Sells $1.114 Billion in Bonds
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Adam Johnson
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Adam Johnson2023-06-07 14:33:162023-06-07 14:42:37State Treasurer Locks-in Low Interest Rates in Financing for State Agencies and Five Local Governments