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Treasury board shifts 18 million to inactive deposits
TOPEKA AP The State Board of Treasury Examiners voted to move 18 million from active to inactive deposits increasing inactive funds from 88.4 million to 106.1 million. The action yields 144 thousand dollars in annual revenue from interest on the added money. Inactive funds are state money left after covering daily operations and allotted to funds or agencies for later use.
MENTIONED IN THIS ARTICLE
Topeka
State Board of Treasury Examiners
Treasury Board
Board of Treasury Examiners
Brotherhood State Bank
Kansas City
Riverview Bank of
1St National Bank
Fidelity State Bank
Wichita
Merchants National Bank
Commercial National Bank
Kan
Security National Bank
4Th National Bank
J.C. Wilson
Clay Embedrick
Charles Hobart
State Department of Administration