PRESS RELEASE Office of Missouri State Treasurer Sarah Steelman FOR IMMEDIATE RELEASE  --  March 10, 2006

State Treasurer Sarah Steelman’s

Weekly Office Performance Report

            JEFFERSON CITY—Below is a weekly accounting of the activities and performance of the three divisions of the Missouri Treasurer’s Office.

Investment Division (3/2/06 through 3/8/06)

            Avg. Portfolio Book Value:   $     3,000,175,330.44

            Avg. Yield:    4.038 percent.

Unclaimed Property Division (3/2/06 through 3/8/06)

            Amount Returned To Owners:      $       633,695.73

            Number of Accounts Returned:                      1,949

Banking Division (3/2/06 through 3/8/06)

            State Receipts:            $ 498,333,469.53

            State Disbursements:   $ 395,754,839.89

            Electronic Transfers:                     62,200

            Checks Issued:                           140,294

            Checks Cleared:                         119,778

                      (Note: On March 2, the state received federal money to fund Medicaid payments. On March 6, the state received regular employer withholding remittances and made payments to Medicaid providers.)

As of close of business March 8th 2006, cash balances were:

            Budget Reserve             $   316,642,829.39

            General Revenue           $   258,373,639.33*

                      *On Dec. 5, OA repaid $100 million of the $250 million (in total) that was transferred on July 19 and Oct. 19 from Budget Reserve to General Revenue for cash-flow purposes. The GR balance shown here includes the remaining $150 million from Budget Reserve On March 1, Budget Reserve loaned $9,092,000 to the Healthy Families Trust – Health Care Account (fund #0640).

Contact: Mark Hughes, director of policy and communications (573) 751-7595
Email: mark.hughes@treasurer.mo.gov.
An electronic version of this release is available at:
http://www.treasurer.mo.gov/newsandevents.asp