0950 State Treasurer
Program Descriptions

35 - SECURITIES MANAGEMENT

The Securities Management Division consists of the Securities Clearance Section and the Debt and Data Management Section.

The Securities Clearance Section is responsible for the clearance, settlement, income collection, and accountability of all securities purchased or sold for investment by the State Treasurer; pledged to the State Treasurer to secure the performance of an act or duty; and held as collateral for the Treasurer's Time and Demand Deposit Programs. Securities are held in outside depositories as well as the State Vault.

The Debt and Data Management Section is responsible for safekeeping personal property and other items in the State Vault at the request of State Agencies; monitoring and managing the State's fiscal agent accounts; debt service payments on Book-Entry bonds to the Trust Depository and certificated bonds to the Fiscal Agent bank; as well as the payments for Revenue Anticipation Notes (RAN's) and Warrants (RAW's). The Section performs accountability and reconciliation on Debt Service Reporting, Un-presented Accountability and Cash Accountability.