Politics & Government
Missouri’s $4 Billion Investment Portfolio is Secure
State Treasurer Clint Zweifel wants to reassure state residents about their tax dollars.
JEFFERSON CITY – State Treasurer Clint Zweifel issued a statement today about the continued strong fiscal health of the state’s $4 billion investment portfolio in light of recent market fluctuation.
“Missourians should be confident in the health of their tax dollars I manage because those dollars are invested with prudence, using fiscally sound financial principles,” Zweifel said.
“I want Missourians to know our bills will continue to be paid, and the $4 billion investment portfolio continues to be monitored with the utmost care, as it has been since the day I took office. The principles guiding our investments have not changed because they have been sound from day one—I focus on safety through conservative investments and manage liquidity so that our bills are always paid on time. The state’s investment portfolio has not suffered any losses, and I am confident we will not be impacted because of the broad diversity and institutional safety put in place.”
Find out what's happening in Eureka-Wildwoodwith free, real-time updates from Patch.
The investment portfolio is made up of funds not currently used to meet the state’s cash flow needs. The investment portfolio consists of the following as of July 31:
U.S. Treasury Debt – 8 percent
Find out what's happening in Eureka-Wildwoodwith free, real-time updates from Patch.
U.S. Agency Debt – 51 percent
Repurchase Agreements – 18 percent
Bank Time Deposits – 17 percent
Highly-rated Commercial Paper – 6 percent
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.