TREASURY INVESTMENT POLICIES
The objectives of the State Treasurer’s investment practices, in priority order, will be safety, liquidity and return on investments. To meet these objectives, the State Treasurer and designated investment officers will:
Seek to ensure the preservation of capital by adhering to all restrictions on the investment of funds established by law and by this policy.
Maintain liquidity by seeking to match the maturity structure of the portfolio to reasonably anticipated cash requirements, as well as maintaining an adequate portion of the portfolio in readily marketable securities.
Optimize the return on investments by structuring the portfolio in such a way that a market rate of return is earned through budgetary and economic cycles within the existing constraints of safety and liquidity.
Strive to meet the target rate of return as set by the State Board of Finance.
- Investment Policy
- Collateralization Policy
- Management of Cash Funds, Rule 2012-A
- Money Management Policies and Procedures Manual
CD TRUST INVESTMENT PROGRAM
CD Trust Investment program was established to allow State Agencies to invest their trust funds in Certificates of Deposit with Arkansas State banks. State Agencies and Arkansas banks both benefit from this program by keeping money in Arkansas and yielding the best available rate to the State Agencies.
In 2018, the Treasury launched an online CD auction program – the Arkansas Transparent Treasury Auction, or ATTA. This program allows for a transparent, competitive process to place CD’s with Arkansas banking institutions. Institutions desiring to participate in these auctions should register with the Investment Division of the Treasury, and submit the required forms. These forms are available in standard PDF and fillable PDF formats in the FORMS section of the website.
The ATTA program also allows the general public to view active and past auctions, as well as any scheduled future auctions.
APPROVED INVESTMENT BROKERS
Broker/Dealer and Date of Approval by Board
ACADEMY SECURITIES February 8, 2022
AMHERST PIERPONT February 9, 2017
BAIRD & CO. INCORPORATED February 4, 2020
BANK OF AMERICA MERRILL LYNCH March 25, 2014
BANK OF OKLAHOMA April 28, 2022
BANK OF NY MELLON March 24, 2015
BARCLAYS March 24, 2015
BREAN CAPITAL November 10, 2016
CANTOR FITZGERALD March 24, 2015
CITIGROUP November 10, 2016
CREDIT SUISSE March 24, 2015
CREWS & ASSOCIATES March 25, 2014
FHN FINANCIAL (FORMERLY FIRST TENNESSEE) March 25, 2014
GOLDMAN SACHS March 24, 2015
GREAT PACIFIC SECURITIES February 8, 2022
INTL FCSTONE December 3, 2019
J.P MORGAN March 24, 2015
MISCHLER FINANCIAL GROUP February 4, 2020
MITSUBISHI (MUFG) December 3, 2019
MIZUHO December 3, 2019
MORGAN STANLEY March 25, 2014
NOMURA December 3, 2019
PIPER SANDLER December 3, 2019
RAYMOND JAMES March 25, 2014
RBC CAPITAL MARKETS December 3, 2019
STEPHENS, INC. March 25, 2014
TD SECURITIES November 10, 2020
TRUIST (FORMERLY SUNTRUST) March 24, 2015
UBS FINANCIAL March 25, 2014
WELLS FARGO May 4, 2020
INVESTMENT PORTFOLIO
Inventory of Treasury Investments by security type.
Fiscal Year 2024
Fiscal Year 2018
TREASURY CERTIFICATES OF DEPOSIT
Compilation of certificates of a deposit placed with Arkansas banks on behalf of state agencies.
Fiscal Year 2024
Fiscal Year 2018
TOBACCO SETTLEMENT INFORMATION
Various agencies and programs that have access to Tobacco Settlement proceeds. These proceeds are used to improve and implement statewide health initiatives.